On Monday, jurors in the social media addiction trial told the court that they are struggling to agree on a verdict involving one of the defendants. Jury Signals Deadlock After Weeklong Deliberations The panel did not specify whether the impasse concerns Alphabet Inc.'s Google or Meta Platforms, Inc., Reuters reported. The jury has been deliberating for more than a week in a case centered on alleg...
On Monday, jurors in the social media addiction trial told the court that they are struggling to agree on a verdict involving one of the defendants. Jury Signals Deadlock After Weeklong Deliberations The panel did not specify whether the impasse concerns Alphabet Inc.'s Google or Meta Platforms, Inc., Reuters reported. The jury has been deliberating for more than a week in a case centered on allegations that platforms such as YouTube and Instagram contributed to a young woman's addiction beginni
mdisk/iStock via Getty Images Palo Alto Networks, Inc. ( PANW ), has slumped back towards the yearly lows due to the AI threat. Even if AI doesn't replace cybersecurity, the threat will continue hitting the valuation multiples of the stock. My i nvestment thesis remains Bearish on the stock due to its expensive valuation compared to the organic growth rate of the platformization business. Source: ...
mdisk/iStock via Getty Images Palo Alto Networks, Inc. ( PANW ), has slumped back towards the yearly lows due to the AI threat. Even if AI doesn't replace cybersecurity, the threat will continue hitting the valuation multiples of the stock. My i nvestment thesis remains Bearish on the stock due to its expensive valuation compared to the organic growth rate of the platformization business. Source: Finviz AI Threat Palo Alto Networks fell 5% on Databricks announcing the entry into the security information and event management, or SIEM, category with the help of Anthropic ( ANTHRO ). The AI data company will utilize Anthropic to help monitor data with the new Lakewatch product. On top of this threat, Palo Alto Networks recently spent $25 billion on buying CyberArk and another $3.35 billion on Chronosphere. These moves signal the platformization push has multiple layers of holes. Palo Alto Networks is a big player in SIEM, with the company shifting terminology to XSIAM, or extended security intelligence and automation management. The company now has over 600 XSIAM customers, with customers actively using AgentiX to deploy agents to monitor infrastructure for security. Source: Palo Alto Networks FQ2'26 presentation The cybersecurity company is an overall powerhouse, but the concept of Databricks already having security customers like Anthropic and Adobe Systems ( ADBE ) questions the whole platformization concept. As pointed out with the CyberArk deal to enter the identity space, the platforms are only as good as the latest tech, leading to questions on whether customers want best-of-breed point products or a platform that is tightly integrated. Palo Alto Networks reported FQ2 total platformization reached ~1,550, up about 400 YoY for around 35% growth. Based on this metric, the platformization concept appears to be working. Source: Palo Alto Networks FQ2'26 presentation Hidden Weakness The company reported FQ2 '26 revenue of $2.6 billion, which only grew at a 14.6% clip...
Perdoceo Education (NASDAQ:PRDO) CFO Ashish R Ghia reported the sale of 33,271 shares of common stock in multiple open-market transactions on March 18, 2026, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($35.08). * 1-year performance calculated using March 18, 2026 as the reference date. Continue reading
Perdoceo Education (NASDAQ:PRDO) CFO Ashish R Ghia reported the sale of 33,271 shares of common stock in multiple open-market transactions on March 18, 2026, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($35.08). * 1-year performance calculated using March 18, 2026 as the reference date. Continue reading
The White House insisted that peace talks with Iran are ongoing, even as Tehran publicly rejected US overtures and issued fresh conditions of its own to end the conflict that’s wreaked havoc across the Middle East and global markets. “The United States has been engaged over the last three days in productive conversations,” White House Press Secretary Karoline Leavitt told reporters on Wednesday. “...
The White House insisted that peace talks with Iran are ongoing, even as Tehran publicly rejected US overtures and issued fresh conditions of its own to end the conflict that’s wreaked havoc across the Middle East and global markets. “The United States has been engaged over the last three days in productive conversations,” White House Press Secretary Karoline Leavitt told reporters on Wednesday. “You’re beginning to see the regime look for an exit ramp.” Bloomberg News Middle East Reporter Dan Williams joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
Richard Rodriguez/Getty Images News The Financial Stability Oversight Council introduced on Wednesday new guidance for regulators to use in labeling non-bank firms, such as hedge funds, a risk to financial stability. The new interpretation revises a Biden-era framework that was issued in 2023, which contended that oversight of non-banks hadn't kept up with the investment firms' expansion in the fi...
Richard Rodriguez/Getty Images News The Financial Stability Oversight Council introduced on Wednesday new guidance for regulators to use in labeling non-bank firms, such as hedge funds, a risk to financial stability. The new interpretation revises a Biden-era framework that was issued in 2023, which contended that oversight of non-banks hadn't kept up with the investment firms' expansion in the financial sector. "Today’s proposed guidance would return the Council to prioritizing an activities-based approach where we focus first on risks that arise from specific activities and practices across markets, rather than single out individual firms," said Treasury Secretary Scott Bessent, who also heads the FSOC. The new guidelines incorporate economic growth and economic security into the FSOC's analysis of risk. "Economic growth provides the foundation for financial stability, and economic security, in turn, supports economic growth," the council said in a statement. They also prioritize an activities-based approach in identifying and assessing risks to financial stability. That "would enhance the rigor of the Council’s activities and facilitate the Council’s efforts to consider impediments to economic growth and economic security when identifying potential risks to U.S. financial stability," it noted. A cost-benefit analysis would also become part of the process. The FSOC would only label a company as a risk to the financial system " if the expected benefits justify the expected costs." It would also "assess the likelihood of the company’s material financial distress as part of its analysis of potential benefits and costs of a designation." Furthermore, before labeling a non-bank as a risk to financial stability, the council would provide steps the financial company or regulators could take to address the threat and allow time for the risks to be addressed. "Providing this opportunity to mitigate identified risks would enhance the transparency of the designation process ...
Swiss Islamic scholar Tariq Ramadan was sentenced on Wednesday to 18 years in prison by a Paris criminal court for the rape of three women. The verdict marks the latest fall from grace for the former Oxford University professor, who faces a string of rape allegations in Switzerland and France and has already been convicted in the former. A charismatic yet controversial figure in European Islam, Ra...
Swiss Islamic scholar Tariq Ramadan was sentenced on Wednesday to 18 years in prison by a Paris criminal court for the rape of three women. The verdict marks the latest fall from grace for the former Oxford University professor, who faces a string of rape allegations in Switzerland and France and has already been convicted in the former. A charismatic yet controversial figure in European Islam, Ramadan has always maintained his innocence. While he had been on trial in Paris since March 2 for...
Yahoo Finance's Dan Howley chats with anchor Josh Lipton about the landmark court ruling that found Meta (META) and Google (GOOG, GOOGL) liable for $6 million in damages over charges of addictive platform design, setting a key precedent as thousands of similar cases loom.
Yahoo Finance's Dan Howley chats with anchor Josh Lipton about the landmark court ruling that found Meta (META) and Google (GOOG, GOOGL) liable for $6 million in damages over charges of addictive platform design, setting a key precedent as thousands of similar cases loom.
Earnings Call Insights: Worthington Enterprises (WOR) Q3 2026 Management View Joseph Hayek, President, CEO & Director, stated that "We performed very well in Q3 and generated strong earnings growth, which is a reflection of the tremendous effort that our team exhibits every day." He emphasized that Q3 delivered "strong year-over-year growth in revenue, adjusted EBITDA and earnings per share," with...
Earnings Call Insights: Worthington Enterprises (WOR) Q3 2026 Management View Joseph Hayek, President, CEO & Director, stated that "We performed very well in Q3 and generated strong earnings growth, which is a reflection of the tremendous effort that our team exhibits every day." He emphasized that Q3 delivered "strong year-over-year growth in revenue, adjusted EBITDA and earnings per share," with revenue up over 24% from last year and SG&A expenditures declining by 70 basis points as a percentage of sales. Hayek highlighted product innovation, capacity expansion, customer service, and strategic acquisitions as core growth drivers, and said, "ASME water tanks used for liquid cooling and data centers are a great example, and our pipeline is rapidly growing as data centers increasingly utilize liquid cooling solutions." Hayek noted the completed acquisition of LSI in January, calling it "a leading U.S. manufacturer of standing seam metal roofing clips, components and retrofit systems that enhances our position in engineered building systems." He remarked, "Our integration efforts are off to a good start, and we're excited about the growth prospects that we have together." Hayek mentioned, "AI is now embedded across many of our applications, and our focus is shifting from experimentation to operational impact, deploying AI in specific workflows where it can drive measurable efficiencies." Colin Souza, VP & CFO, said, "We delivered strong financial results in Q3, reporting GAAP earnings of $0.92 per share compared to $0.79 per share in the prior year period." He added, "Excluding these items in both periods, adjusted earnings were $0.98 per share, up from $0.91 in the prior year quarter and marking our sixth consecutive quarter of year-over-year growth in adjusted EPS and adjusted EBITDA." Outlook Hayek indicated, "We believe we are very well positioned to capitalize on our strengths and continue to grow our market share as end markets improve." He also stated, "Global ...
With six years to go until Social Security hits insolvency, lawmakers agree that the future of the program is a mess — but that’s about all they can agree on.
With six years to go until Social Security hits insolvency, lawmakers agree that the future of the program is a mess — but that’s about all they can agree on.
The dollar index (DXY00 ) on Wednesday rose by +0.22%. The dollar recovered from early losses on Wednesday and moved higher after Iran said it rejected the latest US peace proposal. Also, Wednesday's US economic news, showing the Feb import price index ex-petroleum posting its biggest increase in 4 years,...
The dollar index (DXY00 ) on Wednesday rose by +0.22%. The dollar recovered from early losses on Wednesday and moved higher after Iran said it rejected the latest US peace proposal. Also, Wednesday's US economic news, showing the Feb import price index ex-petroleum posting its biggest increase in 4 years,...
Shares for the world’s top meat producer JBS NV jumped the most in nearly seven months on better-than-expected US beef margins even as a massive cattle shortage pushes industry costs higher. Chief Executive Officer for JBS USA Wesley Batista Filho cautioned that the market environment remains difficult and that the analysis on quarterly data alone can be “misleading.” “The beginning of the first q...
Shares for the world’s top meat producer JBS NV jumped the most in nearly seven months on better-than-expected US beef margins even as a massive cattle shortage pushes industry costs higher. Chief Executive Officer for JBS USA Wesley Batista Filho cautioned that the market environment remains difficult and that the analysis on quarterly data alone can be “misleading.” “The beginning of the first quarter has been probably the most challenging we’ve seen in this industry in a very long time,” Batista Filho said. Volatility in cattle and beef prices has been heightened, he added, which allowed the company to take some “good positions,” aiding quarterly margins. The executive didn’t detail those positions, other than to say they involved “selling product out front.” The North American beef unit posted fourth-quarter earnings before items such as taxes and interest of $56 million. While that’s down almost 50% from a year earlier, it surprised analysts who were expecting a loss. “US Beef was the main positive surprise of the quarter, returning to positive margins despite the still challenging backdrop for cattle availability,” analysts at BTG Pactual led by Thiago Duarte wrote in a note following earnings. JBS stock jumped as much as 9% in New York in its biggest intraday advance since Aug. 27. For JBS’s Brazil operations, global Chief Executive Officer Gilberto Tomazoni said the company is confident on its ability to keep beef results in line with the past year. That’s as JBS is set to face a new threat to the industry from rising costs in its country of origin. Cattle prices are now rising in Brazil due to a cyclical shift in the market, as ranchers are holding back female cattle to rebuild herds. That move is recent, and isn’t reflected in JBS’s fourth-quarter results. It marks a potential shift ahead, as the company so far has benefited from lower costs in the South American country. Still, Brazil’s increasing number of feedlots and recent improvements in animal nutri...
Wesdome Gold Mines ( WDO:CA ) entered into an automatic share purchase plan with National Bank Financial to facilitate buybacks. The plan supports repurchases under its previously approved normal course issuer bid. The company is authorized by the Toronto Stock Exchange to repurchase up to 2% of its public float over 12 months. The plan allows share buybacks during internal trading blackout period...
Wesdome Gold Mines ( WDO:CA ) entered into an automatic share purchase plan with National Bank Financial to facilitate buybacks. The plan supports repurchases under its previously approved normal course issuer bid. The company is authorized by the Toronto Stock Exchange to repurchase up to 2% of its public float over 12 months. The plan allows share buybacks during internal trading blackout periods. The NCIB runs from November 7, 2025, to November 6, 2026. Wesdome can repurchase up to 182,093 shares daily, based on trading volume limits. More on Wesdome Gold Mines Ltd. Wesdome Gold Mines Ltd. (WDO:CA) Q4 2025 Earnings Call Transcript Wesdome Gold: High-Grade Canadian Producer Trading At A Discount Wesdome Gold Mines Non-GAAP EPS of $0.78, revenue of $287.88M; expects to produce 180,000 to 205,000 ounces in FY26 Historical earnings data for Wesdome Gold Mines Ltd. Financial information for Wesdome Gold Mines Ltd.
BlackRock Inc. ’s Rick Rieder reiterated his view that the Federal Reserve should cut interest rates, shrugging off speculation of hikes tied to the war with Iran. “Small businesses, young people, low income, are really getting hurt by this interest rate,” Rieder, BlackRock’s top bond-market executive, said in an interview in Dallas. Fluctuating energy prices may justify some patience in lowering ...
BlackRock Inc. ’s Rick Rieder reiterated his view that the Federal Reserve should cut interest rates, shrugging off speculation of hikes tied to the war with Iran. “Small businesses, young people, low income, are really getting hurt by this interest rate,” Rieder, BlackRock’s top bond-market executive, said in an interview in Dallas. Fluctuating energy prices may justify some patience in lowering rates, but the Fed should still move quickly to bring them down, Rieder added. Rieder’s rate-cut advocacy aligns with the White House’s demands for looser monetary policy, and he made President Donald Trump’s short list of candidates to succeed Jerome Powell as Fed chair. Trump, who has criticized Powell for not cutting interest rates quickly enough, ultimately selected Kevin Warsh for the post in January. Rieder, who oversees roughly $3 trillion as BlackRock’s chief investment officer for fixed income, has in recent weeks ramped up efforts to raise money for his first hedge fund in years. The TriaXial fund is said to combine ideas across BlackRock’s fixed-income business. Read More: BlackRock’s Rieder Seeks Cash for Hedge Fund After Fed Race He was visiting Texas as BlackRock intensifies investments in the state, where the company has courted conservative leadership after pushback over its climate-focused initiatives. Last year, Texas removed BlackRock from a list of companies that it accused of boycotting fossil fuels. State entities had withdrawn billions of dollars from BlackRock during a three-year standoff over the company’s climate policies. BlackRock exited the Net Zero Asset Managers initiative and shifted its participation in Climate Action 100+, a group of investors that aims to cut greenhouse gas emissions. The company was also an early investor in the Texas Stock Exchange.
design master/iStock via Getty Images The PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund ( LTPZ ) has suffered collateral damage from the Iran war, falling back to its lowest level since mid-2025. In doing so its real expected yield has risen to 2.7%, offering a great opportunity for investors willing to take on the risk of high volatility due to its sensitivity to interest rate expectations....
design master/iStock via Getty Images The PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund ( LTPZ ) has suffered collateral damage from the Iran war, falling back to its lowest level since mid-2025. In doing so its real expected yield has risen to 2.7%, offering a great opportunity for investors willing to take on the risk of high volatility due to its sensitivity to interest rate expectations. The economy and US government in particular cannot sustain such elevated real yields and it is likely a matter of time before the Fed steps in to lower them. The falling bond yields and rising inflation expectations that would likely result could easily see the LTPZ double in value. Rising Inflation A Double Edge Sword The LTPZ holds a portfolio of inflation linked bonds with maturities of 15 years and above, with an average effective maturity of 21.8 years and an effective duration of 19.6 years. This makes the ETF extremely sensitive to changes in long term rate expectations, which can be seen in the chart below where the LTPZ is shown alongside 30-year inflation-linked bond yields. It currently offers a yield of 2.7% less its 0.2% expense fee, plus the reported inflation rate, meaning that in theory rising inflation benefit the ETF. Over the long term the LTPZ should perform almost identically to similar maturity regular bonds such as the ones held by the iShares 20+ Year Treasury ETF ( TLT ) if actual reported inflation comes in in line with current expectations of 2.2%. If inflation averages higher, the LTPZ will outperform, but it will still return 2.7% real if held to maturity. It is also worth noting that the LTPZ is significantly less liquid than the TLT. LTPZ Total Return Vs US 30-Year TIPS Yield (Bloomberg) When inflation expectations rise as they have in recent weeks following the oil price spike, the LTPZ tends to outperform the TLT as investors chase inflation linked bonds driving their yields down. Typically, a 1% rise in long term inflation expectations lea...
Victor Golmer/iStock Editorial via Getty Images A 'wrong call' always necessitates a review of where I went wrong (if I did) and what, as in this case, caused the company to climb rather than to be "flat" or negative, as I characterized in my previous article on the company Takeda ( TAK ), found here. That pharma is volatile needs no qualification. We all know pharma is a volatile business. That T...
Victor Golmer/iStock Editorial via Getty Images A 'wrong call' always necessitates a review of where I went wrong (if I did) and what, as in this case, caused the company to climb rather than to be "flat" or negative, as I characterized in my previous article on the company Takeda ( TAK ), found here. That pharma is volatile needs no qualification. We all know pharma is a volatile business. That Takeda, for the past 20 years, has not been the best sort of investment is also well-known. Since 2005, the company has averaged less than 3% per year. It has, as such, been a long-term investment failure for those who have held onto their shares for this long. F.A.S.T Graphs Takeda This naturally doesn't mean that it's always a bad investment. In my last article, I had a "Hold" rating for the stock. The company, contrary to that rating, outperformed significantly. But was this a matter of results, or was it a result of expectations of exuberance? Is the growth "hollow", or is there actually some substance to it, something we can build on for a forward future expectation? That's the main question here. Because I never deny that the markets can act in exuberance. This is not the important part. If my failure to forecast was, however, on the basis of an objective result outperformance I did not see, that's a different issue altogether. Takeda is a fundamentally sound business. This is not, nor has it ever really been, in dispute by me. With a BBB+ credit rating and a yield of over 3.4%, I can attest that the company is sound. The other variables are, to put it mildly, less convincing. In those, we find a negative earnings growth rate (retrospective) as well as a very high rate of uncertainty in forecasts, well above 50%. I intend to qualify in my article the thing that would make the company investable and whether this is enough for me to look beyond its risk. Takeda - The outperformance has very little objective basis So, with the risk of disappointing some readers, it's my c...
Summit Therapeutics (NASDAQ: SMMT) has grown in prominence over the past three years, moving from a small-cap biotech to a large-cap valuation, driven by regulatory progress for its leading candidate, ivonescimab, a cancer medicine already approved in China. This drug could challenge the world's best-selling oncology therapy, Keytruda. However, Summit Therapeutics faces near-term uncertainty, and ...
Summit Therapeutics (NASDAQ: SMMT) has grown in prominence over the past three years, moving from a small-cap biotech to a large-cap valuation, driven by regulatory progress for its leading candidate, ivonescimab, a cancer medicine already approved in China. This drug could challenge the world's best-selling oncology therapy, Keytruda. However, Summit Therapeutics faces near-term uncertainty, and there is one key reason why its share price could drop significantly by year-end. Meanwhile, smaller biotechs like Axsome Therapeutics (NASDAQ: AXSM) and Madrigal Pharmaceuticals (NASDAQ: MDGL) have ongoing developments that could see them overtake their larger peer by the end of 2026. Image source: Getty Images. Summit Therapeutics recently filed an application with the U.S. Food and Drug Administration (FDA) for ivonescimab, in combination with chemotherapy, for the treatment of EGFR-mutated non-small cell lung cancer (NSCLC). The application is based on a global study, with 38% of participants from Western countries (excluding China). Continue reading