Melpomenem/iStock via Getty Images Pagaya Technologies ( PGY ) said Monday that alternative credit manager Sound Point Capital will buy up to $720M of point-of-sale loans from its platform, amid strong institutional demand for its POS assets. The move marks Pagaya's ( PGY ) first forward-flow deal for POS assets, adding to its mix of funding channels alongside securitizations and other capital mar...
Melpomenem/iStock via Getty Images Pagaya Technologies ( PGY ) said Monday that alternative credit manager Sound Point Capital will buy up to $720M of point-of-sale loans from its platform, amid strong institutional demand for its POS assets. The move marks Pagaya's ( PGY ) first forward-flow deal for POS assets, adding to its mix of funding channels alongside securitizations and other capital market transactions. The company in late November said it agreed to sell up to $500M of auto loans to Castlelake. “Together, we’re connecting capital with the responsible expansion of consumer credit opportunities - through a product that resonates and is in strong demand by institutional investors," said Pagaya President and Co-Founder Sanjiv Das. This agreement is an important milestone as we continue to efficiently scale our point-of-sale business.” PGY shares edged up 0.4% in midday trading. More on Pagaya Technologies Pagaya: Ratings Upgrade Into Earnings; Bullish On Pullback Pagaya Technologies: Sustainable Growth Backed By Solid Market Expansion Pagaya Technologies After The Reset: Growth Still Works, Price Finally Does Too Pagaya closes $500M ABS deal, reaching $5.4B in personal loan Pagaya outlines $1.3B–$1.325B revenue target for 2025 as partner onboarding accelerates
Apple (NASDAQ:AAPL) stock has been a real drag on the Magnificent Seven in the past quarter. For shareholders of the iPhone maker, it hasn’t been the happiest of new years, with shares down close to 9% year to date, or about 14% from all-time highs hit back at the start of December 2025. If you ... Apple Stock’s a Buy on the Dip, Says Goldman—Time to Act?
Apple (NASDAQ:AAPL) stock has been a real drag on the Magnificent Seven in the past quarter. For shareholders of the iPhone maker, it hasn’t been the happiest of new years, with shares down close to 9% year to date, or about 14% from all-time highs hit back at the start of December 2025. If you ... Apple Stock’s a Buy on the Dip, Says Goldman—Time to Act?
Activist and co-founder of Bogle-L’Ouverture, one of the most important black publishing houses in Britain Eric Huntley, who has died aged 96, was the co-founder with his wife, Jessica , of the radical publishing house Bogle L’Ouverture, set up in London in 1968 to showcase black writing talent. Initially run on a printing press in their west London living room, the venture soon outgrew those make...
Activist and co-founder of Bogle-L’Ouverture, one of the most important black publishing houses in Britain Eric Huntley, who has died aged 96, was the co-founder with his wife, Jessica , of the radical publishing house Bogle L’Ouverture, set up in London in 1968 to showcase black writing talent. Initially run on a printing press in their west London living room, the venture soon outgrew those makeshift premises, and in 1975 became the Bogle L’Ouverture bookshop, which established itself as a community hub and informal advice centre as well as a place to buy books from outside the mainstream. Among the authors championed by Bogle L’Ouverture were Linton Kwesi Johnson, Valerie Bloom, Lemn Sissay, Beryl Gilroy and Donald Hinds , while the Huntleys also became involved in creating the International Book Fair of Radical and Third World Books , which ran from 1982 to 1995, uniting and amplifying the thoughts of black intellectuals, creatives and activists across continents. Continue reading...
Ubisoft Entertainment SA has entered discussions to cut as many as 200 jobs at its French headquarters as part of a reorganization of the Assassin’s Creed maker. Ubisoft is speaking to employee representatives about a voluntary termination of contracts, the video game maker said in a statement on Monday. The group last disclosed a total of 17,000 employees and about 1,100 at its headquarters near ...
Ubisoft Entertainment SA has entered discussions to cut as many as 200 jobs at its French headquarters as part of a reorganization of the Assassin’s Creed maker. Ubisoft is speaking to employee representatives about a voluntary termination of contracts, the video game maker said in a statement on Monday. The group last disclosed a total of 17,000 employees and about 1,100 at its headquarters near Paris. Ubisoft shares dropped by a record on Thursday after the video game company said it would cancel game projects, shut down studios and cut its guidance. It announced a new structure that will comprise five “creative houses,” business units each handling a game genre with “faster, decentralized decision-making.” Starting April, the units will be supported by a network of studios providing development resources, and will share core services. Read More: Ubisoft Plunges Most Ever on Guidance Cut, Canceled Games Ubisoft, once among the industry’s most respected and influential game publishers, has endured a series of setbacks in recent years. The company breached a loan covenant last year, triggering a highly unusual week-long delay in the release of its first-half financial results. It’s also struggled with production delays and underperformance of high-profile games such as Avatar: Frontiers of Pandora and Star Wars Outlaws in an increasingly competitive consumer market. The company said last week it expects to record a loss before interest and tax of €1 billion ($1.2 billion) in the fiscal year 2025-2026 as a result of the restructuring, driven by a one-time writedown of about €650 million. The contract termination negotiations apply exclusively to Ubisoft International employees under French contracts and have no impact on other French entities or Ubisoft teams in the rest of the world, the company said. The proposed cuts must be agreed with employee representatives and approved by French authorities.
The Washington Post has consistently produced high-quality, news cycle-leading reporting over the first year of Donald Trump’s chaotic and unpredictable second administration. But that work has been produced under a cloud of uncertainty and rumors of widespread job cuts. Those long-rumored cuts now appear to be close, with staffers expecting the ax to drop in early February – though nothing is cer...
The Washington Post has consistently produced high-quality, news cycle-leading reporting over the first year of Donald Trump’s chaotic and unpredictable second administration. But that work has been produced under a cloud of uncertainty and rumors of widespread job cuts. Those long-rumored cuts now appear to be close, with staffers expecting the ax to drop in early February – though nothing is certain. Inside the Post, staffers have tossed around estimates of potential cuts, with most exceeding 100, which would represent more than 10% of the newsroom – but no one really knows how widespread the cuts will be – or in fact if they will happen at all. The sections most likely to be affected by the cuts include sports, metro and foreign, according to staffers who spoke with the Guardian. On Sunday morning, members of the foreign staff, concerned that the section could be decimated by cuts, sent a letter to billionaire owner Jeff Bezos urging him to change course and conveying the significance of international reporting for the institution — and for the public interest. Approximately 60 people signed the letter. “We urge you to consider how the proposed layoffs will certainly lead us first to irrelevance – not the shared success that remains attainable,” the staffers wrote in the letter, reviewed by the Guardian but first reported by the New York Times. The signatories, which included many of the paper’s most prominent international journalists, said they are open to “finding ways to reduce our costs even further” in discussion with management – “while retaining as many jobs as we can”. “We know what happens when newspapers slash their international sections: they lose reach and they lose relevance,” the staffers wrote. On Friday night, in one of the first tangible actions suggesting how dire the paper’s financial situation might be, the managing editor, Kimi Yoshino, sent a memo to the sports department informing them that the Post would not be sending anyone to Italy to...
CoreWeave bond prices jumped 2-3% Monday after chip-maker Nvidia announced a new $2 billion equity injection into the data-center operator. About $240 million of CoreWeave bonds due in 2030 and 2031 changed hands before noon, making them among the most traded U.S. corporate bonds, according to data from MarketAxess. Unlike companies like Meta Platforms and Nvidia, which generate significant cash f...
CoreWeave bond prices jumped 2-3% Monday after chip-maker Nvidia announced a new $2 billion equity injection into the data-center operator. About $240 million of CoreWeave bonds due in 2030 and 2031 changed hands before noon, making them among the most traded U.S. corporate bonds, according to data from MarketAxess. Unlike companies like Meta Platforms and Nvidia, which generate significant cash flow, “neo-cloud” operators like CoreWeave depend heavily on borrowed money to build data centers and purchase the costly micro-chips that power them.
Image source: The Motley Fool. Friday, October 25, 2024 at 10 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Sam Hazen Chief Financial Officer — Mike Marks Group President — Frank Morgan TAKEAWAYS Diluted Earnings per Share (Adjusted) -- $4.90, representing a 25% increase, including a $0.15 per share negative impact from Hurricane Helene. -- $4.90, representing a 25% increase, including a $0....
Image source: The Motley Fool. Friday, October 25, 2024 at 10 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Sam Hazen Chief Financial Officer — Mike Marks Group President — Frank Morgan TAKEAWAYS Diluted Earnings per Share (Adjusted) -- $4.90, representing a 25% increase, including a $0.15 per share negative impact from Hurricane Helene. -- $4.90, representing a 25% increase, including a $0.15 per share negative impact from Hurricane Helene. Same Facility Revenue Growth -- 7.1%, reflecting improved payer mix and acuity within inpatient services. -- 7.1%, reflecting improved payer mix and acuity within inpatient services. Total Revenue Growth -- 7.9%, driven by robust core volumes across major markets and services. -- 7.9%, driven by robust core volumes across major markets and services. Inpatient Admissions Growth (Same Facility) -- 4.5%; adjusted admissions mirrored this growth rate, while emergency room visits increased 4.6%. -- 4.5%; adjusted admissions mirrored this growth rate, while emergency room visits increased 4.6%. Outpatient Surgery Volume -- Decreased by 2%, but corresponding revenue rose 5% due to higher acuity and improved payer mix. -- Decreased by 2%, but corresponding revenue rose 5% due to higher acuity and improved payer mix. Inpatient Surgery Volume -- Increased 1.6%. -- Increased 1.6%. Adjusted EBITDA Margin Improvement -- Increased by 90 basis points versus the prior year. -- Increased by 90 basis points versus the prior year. Labor Cost as Percentage of Revenue -- Improved by 160 basis points, with contract labor down 18% to 4.6% of total labor cost. -- Improved by 160 basis points, with contract labor down 18% to 4.6% of total labor cost. Medicaid Supplemental Payment Programs Contribution -- Provided a modest benefit, with a projected $100 million to $200 million tailwind in 2024 now leaning to the high end of this range. -- Provided a modest benefit, with a projected $100 million to $200 million tailwind in 2024 now leaning to the hi...
Trump Hails "Very Good Call" With Walz As He Sends "Tough But Fair" Tom Homan To Minnesota President Trump announced on Jan. 26 that he is sending border czar Tom Homan to Minnesota in the wake of the shooting of an anti-immigration enforcement protester by a federal agent. The president said in a morning Truth Social post that Homan would be going to Minnesota on Monday evening, noting that thoug...
Trump Hails "Very Good Call" With Walz As He Sends "Tough But Fair" Tom Homan To Minnesota President Trump announced on Jan. 26 that he is sending border czar Tom Homan to Minnesota in the wake of the shooting of an anti-immigration enforcement protester by a federal agent. The president said in a morning Truth Social post that Homan would be going to Minnesota on Monday evening, noting that though Homan hasn’t been involved in operations there, he knows many officials in the state. “Tom is tough but fair, and will report directly to me,” Trump wrote. White House press secretary Karoline Leavitt confirmed in a post on Monday that Homan would be investigating fraud in Minnesota, building on a multi-agency effort that was launched several weeks ago amid reports of fraudulent activity targeting federal and state entitlement programs. The border czar, she added, would also be managing Immigration and Customs Enforcement (ICE) operations in Minnesota to target illegal immigrants. “In addition, Tom will coordinate with those leading investigations into the massive, widespread fraud that has resulted in billions of taxpayer dollars being stolen from law-abiding citizens in Minnesota,” Leavitt wrote on X. As Jack Phillips reports for The Epoch Times, the Trump administration has launched its most ambitious immigration operation to date in Minneapolis, sparking weeks of protests by residents and resulting in two shooting deaths. A Border Patrol agent on Saturday fired in self-defense after a man, identified later as Alex Pretti, approached with a handgun and violently resisted attempts to disarm him, according to the Department of Homeland Security (DHS). It followed the Jan. 7 fatal shooting of U.S citizen Renee Good during a separate immigration operation. Democratic congressional lawmakers have warned that in the wake of the Pretti shooting, they could shut down the federal government at the end of January if Republicans do not pass a package without DHS funding. “Senate ...
Spot gold prices broke through two key levels on Jan. 26, surpassing the $5,000 per ounce mark on Monday morning before hitting a historic high of $5,111.17 per ounce. Photo: VCG Gold surged to a record above $5,100 an ounce Monday, capping a six-day rally fueled by mounting geopolitical tensions and bets that the U.S. Federal Reserve will maintain a dovish stance. Spot gold in London pierced the ...
Spot gold prices broke through two key levels on Jan. 26, surpassing the $5,000 per ounce mark on Monday morning before hitting a historic high of $5,111.17 per ounce. Photo: VCG Gold surged to a record above $5,100 an ounce Monday, capping a six-day rally fueled by mounting geopolitical tensions and bets that the U.S. Federal Reserve will maintain a dovish stance. Spot gold in London pierced the $5,000 threshold early in Asian trading, then climbed to an intraday high of $5,111.17 by afternoon. The rally has gathered steam amid renewed investor enthusiasm for gold as a hedge against inflation, dollar weakness and ballooning U.S. fiscal risks under the current administration. But analysts are voicing growing concerns that the rally may be overheating.
PARETO/E+ via Getty Images Vestas Wind Systems ( VWDRY ) and Ørsted ( DNNGY ) +7.3% and +1.6% in European trading, respectively, after a group of European countries pledged to deliver 100 GW of offshore wind power in the North Sea through large-scale joint projects . An agreement will be signed at the North Sea Summit by Britain, Belgium, Denmark, France, Germany, Iceland, Ireland, Luxembourg, the...
PARETO/E+ via Getty Images Vestas Wind Systems ( VWDRY ) and Ørsted ( DNNGY ) +7.3% and +1.6% in European trading, respectively, after a group of European countries pledged to deliver 100 GW of offshore wind power in the North Sea through large-scale joint projects . An agreement will be signed at the North Sea Summit by Britain, Belgium, Denmark, France, Germany, Iceland, Ireland, Luxembourg, the Netherlands and Norway. U.K. Energy Secretary Ed Miliband said the agreement will transform the North Sea into the world’s largest "clean energy reservoir" and ehance energy security in an era of global instability. Ørsted ( DNNGY ) said the deal would turn the North Sea into the "green power plant of Europe,," while government plans for more investment predictability, a de-risked investment framework, and coordinated buildout plan will help lower the cost of electricity from offshore wind by 30% toward 2040. North Sea countries already had promised to build 300 GW of offshore wind in the North Sea by 2050 in response to Russia’s invasion of Ukraine. More on Vestas Wind Systems and Ørsted Vestas Wind Systems: A Play On Wind Recovery Vestas: The Good News And The Bad News Orsted: The ADR Disconnect 'HOLD'/Rotate Rating Was Correct (Rating Upgrade)
Newmont's gold-mining stock looks cheap. Scotiabank thinks you should buy it. Newmont Corporation (NEM +3.57%) stock jumped 2.6% through 11:35 a.m. ET Monday after investment bank Scotiabank raised its price target on the mining stock a whopping 33%, to $152 per share, with an outperform rating (i.e., buy). Why Scotiabank loves Newmont stock Gold prices surged past the $5,000 mark this morning, hi...
Newmont's gold-mining stock looks cheap. Scotiabank thinks you should buy it. Newmont Corporation (NEM +3.57%) stock jumped 2.6% through 11:35 a.m. ET Monday after investment bank Scotiabank raised its price target on the mining stock a whopping 33%, to $152 per share, with an outperform rating (i.e., buy). Why Scotiabank loves Newmont stock Gold prices surged past the $5,000 mark this morning, hitting $5,070.70 per ounce at last report. The price of this shiny metal is up more than 83% over the past year -- and indeed, up more than 17% just so far this year! That's obviously good for a gold mining stock like Newmont, and Scotiabank says it is updating its price targets for all gold and precious minerals stocks it covers, in response to the high-flying prices, as TheFly.com reports today. In other news, Reuters reports today that Newmont rival Barrick Mining (B +3.39%) is trying to spin off its North American assets. Newmont has the right of first refusal to buy the rest of Barrick's Nevada Gold Mines project, which is Barrick's main North American asset -- and already 38.5%-owned by Newmont. Theoretically at least, Newmont's take in the asset could empower it to prevent Barrick's spinoff (impeding a rival) -- or to buy the asset if it wants it. Expand NYSE : NEM Newmont Today's Change ( 3.57 %) $ 4.44 Current Price $ 128.75 Key Data Points Market Cap $136B Day's Range $ 125.83 - $ 129.24 52wk Range $ 40.84 - $ 129.24 Volume 318K Avg Vol 9.6M Gross Margin 45.63 % Dividend Yield 0.80 % Is Newmont stock a buy? Newmont's doing just fine as-is, by the way. Last quarter alone, the company's revenue shot up 20% -- and its earnings nearly doubled. With the stock trading under 20 times earnings, and earnings expected to grow more than 58% annually over the next five years, Newmont is in an excellent position to profit from the skyrocketing price of gold, whether or not it buys the rest of Barrick's Nevada property. Investors in Newmont stock should do quite well, also.
Asylum seeker guilty of raping woman, 18, in park 18 minutes ago Share Save Share Save PA Media Sheraz Malik was convicted by a jury at Birmingham Crown Court An asylum seeker has been found guilty of two counts of raping an 18-year-old woman in a park in Nottinghamshire. A trial at Birmingham Crown Court heard the woman had been drinking at Sutton Lawn park in Sutton-in-Ashfield when she was atta...
Asylum seeker guilty of raping woman, 18, in park 18 minutes ago Share Save Share Save PA Media Sheraz Malik was convicted by a jury at Birmingham Crown Court An asylum seeker has been found guilty of two counts of raping an 18-year-old woman in a park in Nottinghamshire. A trial at Birmingham Crown Court heard the woman had been drinking at Sutton Lawn park in Sutton-in-Ashfield when she was attacked by Sheraz Malik, shortly after being raped by another man he was with. Malik, 28, had claimed the sex was consensual, but the jury returned unanimous guilty verdicts on two counts of rape and a not guilty verdict on a third. It can be now reported that Malik is an asylum seeker who was born in Pakistan and lived in Italy, Germany and France before coming to the UK. Judge Simon Ash KC adjourned the case for a mention hearing on 6 February so a date for sentencing Malik - who lived at an address in Bath Street in Sutton-in-Ashfield at the time - could be fixed. A reporting restriction was put in place at Nottingham Crown Court in September last year, preventing any mention of the defendant's immigration status until the trial had concluded. The case had prompted protests in the town after Lee Anderson, Reform UK MP for Ashfield, posted about it on social media. After highlighting the suspect's background on his Facebook and X accounts, demonstrators gathered in the town to demand tighter rules on immigration. Counter-protesters also turned out, but Nottinghamshire Live reported these were outnumbered. Protests related to the case were held last summer Warning: This article includes details that some readers may find distressing Prosecution counsel Nicholas Corsellis KC previously told the court the woman had been drinking at the park with a male friend, and was drunk when she met Malik and a group of other men, who she had never seen before. Her friend asked the group to "look after" her while he went to meet another friend and one of Malik's associates took the woman to...
When markets feel unsettled, investors often turn to short-term Treasury funds to steady their portfolios.The Vanguard Short-Term Treasury ETF and the Schwab Short-Term U.S. Treasury ETF play similar roles, but the details matter when investors are forced to rely on them. Vanguard Short-Term Treasury ETF (VGSH +0.02%) and Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) both target short-term U...
When markets feel unsettled, investors often turn to short-term Treasury funds to steady their portfolios.The Vanguard Short-Term Treasury ETF and the Schwab Short-Term U.S. Treasury ETF play similar roles, but the details matter when investors are forced to rely on them. Vanguard Short-Term Treasury ETF (VGSH +0.02%) and Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) both target short-term U.S. Treasury bonds, sharing a 0.03% expense ratio, but SCHO offers a marginally higher yield and slightly lower beta, while VGSH carries more assets under management. Both funds aim to deliver income with low risk by focusing on high-quality U.S. Treasuries, which makes them both staples for conservative fixed income investors. This ETF comparison highlights differences in cost, yield, risk profile, and portfolio construction. Snapshot (cost & size) Metric VGSH SCHO Issuer Vanguard Schwab Expense ratio 0.03% 0.03% 1-yr return (as of 2026-01-23) 0.8% 4.92% Dividend yield 4.95% 4.06% Beta 0.26 0.26 AUM $30.38 billion $12.37 billion Beta measures price volatility relative to the S&P 500; beta is calculated from five-year weekly returns. The one-year return represents total return over the trailing 12 months. Both funds are equally affordable in terms of fees, but SCHO may appeal to income-focused investors with its marginally higher dividend yield. Performance & risk comparison Metric VGSH SCHO Max drawdown (5 y) (5.69%) (5.71%) Growth of $1,000 over 5 years $953 $948 What's inside Schwab Short-Term U.S. Treasury ETF holds 98 positions, mostly in cash and short-dated Treasuries, with a small tilt toward communication services and technology. Its top holdings include Treasury Note (T 0.23%) at 3.45%, Treasury Note (WIT +0.78%) at 1.15%, and Ssc Government Mm Gvmxx (NASDAQ:GVMXX) at 0.10%. With a fund age of 15.5 years, SCHO is a well-established option for those seeking short-duration U.S. government exposure. Vanguard Short-Term Treasury ETF is similarly focused, holding 93 U....