Nvidia GTC expected to highlight AI system architecture, networking leadership Proactive financial news

Nvidia Corp (NASDAQ:NVDA, XETRA:NVD)'s upcoming GPU Technology Conference (GTC), being held from March 16 to 19, is expected to highlight the company’s evolving approach to artificial intelligence infrastructure, with analysts at UBS anticipating updates on system architecture, networking...

Thomas M. Lo, Executive Vice President and Chief Administrative Officer of Cathay General Bancorp (CATY 0.87%), executed an open-market sale of 1,000 shares for ~$50,200 on Jan. 29, 2026, reducing his direct holdings by one-third according to the SEC Form 4 filing. Transaction summary Metric Value Shares sold (direct) 1,000 Transaction value $50,231.50 Post-transaction shares (direct) 2,000 Post-transaction value (direct ownership) $101,380.00 Key questions How significant is this trade relative to Lo's historical selling activity? The sale matches the largest individual transaction size Lo has made, consistent with the upper range of his prior open-market dispositions over the last two years. The sale matches the largest individual transaction size Lo has made, consistent with the upper range of his prior open-market dispositions over the last two years. What portion of Lo's total holdings was impacted by this sale? This transaction reduced Lo's direct ownership by 33.33%, from 3,000 to 2,000 shares, marking a continued reduction following prior sales in October 2025 and May 2025. This transaction reduced Lo's direct ownership by 33.33%, from 3,000 to 2,000 shares, marking a continued reduction following prior sales in October 2025 and May 2025. Were any indirect holdings or derivative instruments involved in this transaction? No; all shares were sold from direct ownership with no participation from family trusts, LLCs, or option exercises. No; all shares were sold from direct ownership with no participation from family trusts, LLCs, or option exercises. Does the declining size of Lo's remaining position affect the scale of future transactions? Yes; with direct holdings now at 2,000 shares, any further sales will be limited by reduced capacity, which may naturally moderate the dollar value of subsequent trades absent additional share awards. Company overview Metric Value Revenue (TTM) $745.26 million Net income (TTM) $315.12 million Dividend yield 2.89% Price (as o...

美国驻安卡拉大使馆周一表示，华盛顿已建议非紧急人员离开其位于土耳其南部城市阿达纳附近、靠近一个关键北约基地的领事馆，并命令美国公民离开“土耳其东南部”。 自2月28日美以发动袭击以来，伊朗已在中东各地进行导弹和无人机打击作为报复，试图袭击美国资产。 迄今为止，土耳其似乎得以幸免，尽管美军驻扎在其多个基地。 其中之一是因切利克空军基地，这是一个重要的北约设施，美军已使用数十年，距离阿达纳市仅10公里。 大使馆在X平台上表示：“鉴于安全风险，国务院于2026年3月9日下令非紧急美国政府雇员及美国政府雇员家属撤离阿达纳总领事馆。” 责任编辑：张俊 SF065

This article first appeared on GuruFocus. Oracle (ORCL, Financials) received a lower price target from Barclays as analysts warned that accelerating artificial intelligence growth could pressure margins in the near term. Barclays reduced its price target on Oracle shares to $230 from $310 while maintaining an Overweight rating. Analyst Raimo Lenschow said the company's fiscal third-quarter results are expected to show a meaningful acceleration in AI-related revenue as additional capacity comes online. However, the analyst noted that the same expansion could weigh on profitability because of upfront investment costs and timing of lease expenses tied to large infrastructure projects. Barclays expects Oracle's AI revenue growth to exceed consensus estimates, supported by increased computing capacity during the quarter and favorable foreign exchange trends. At the same time, the firm cautioned that gross margins and earnings per share could face short-term pressure as the company ramps up spending to support new data center capacity planned for the second half of calendar year 2026. Barclays said the quarter may not provide a definitive signal for investors, with some focusing on strong AI growth while others highlight margin challenges. The firm added that Oracle's expanding AI infrastructure strategy could reshape the company's long-term business model as demand for large-scale computing continues to grow.

All signs point to an IPO on the horizon for the defense-tech firm.

美股全线反弹，原油跳水。据悉，美国总统特朗普表示，战争可能很快结束。

Shares of Chipotle Mexican Grill (CMG 0.59%) have taken a beating recently. The stock is down about 40% from its 52-week high of $58.42, and it has fallen even further from its all-time highs. For a company that has spent years trading at a premium valuation while delivering incredibly consistent growth, a massive haircut like this naturally has investors wondering if it's time to buy. On the surface, the narrative seems simple: a tough macroeconomic environment is weighing on the consumer, pulling the stock down with it. But investors shouldn't be too quick to buy the dip. The real issue might not just be a dynamic consumer, but rather a structural shift in the competitive landscape. A traffic problem, not just a consumer problem The clearest sign of pressure is showing up in the company's top line. Chipotle's fourth-quarter revenue rose 4.9% year over year to $2.98 billion, largely aided by new store openings. But its comparable restaurant sales, which measure sales at locations open for at least 13 full calendar months, fell 2.5% during the period. This represents a stark deceleration from the 5.4% comparable sales growth the company posted in the prior-year period. Notably, this decline in comparable restaurant sales was driven entirely by a 3.2% drop in transactions, meaning fewer people are visiting Chipotle restaurants. This weakness completely offset a 0.7% year-over-year increase in the average customer check size during the quarter. And this wasn't a one-off quarterly stumble. For the full year of 2025, comparable restaurant sales declined 1.7%. While full-year 2025 revenue still climbed 5.4% year over year to $11.9 billion, this top-line growth was fueled heavily by the addition of 334 new company-owned restaurants rather than organic strength at existing locations. Further, the company's full-year decrease in comparable restaurant sales was similarly entirely driven by a 2.9% year-over-year decrease in transaction count (partially offset by a 1.2% boost ...

Key Points The fast-casual chain's comparable restaurant sales fell 2.5% in the fourth quarter of 2025. Chipotle CEO Scott Boatwright has made it clear the company will not introduce a value menu to compete with peers like McDonald's. Trading at a price-to-earnings multiple of about 30, the stock's valuation still leaves little room for error. 10 stocks we like better than Chipotle Mexican Grill › Shares of Chipotle Mexican Grill (NYSE: CMG) have taken a beating recently. The stock is down about 40% from its 52-week high of $58.42, and it has fallen even further from its all-time highs. For a company that has spent years trading at a premium valuation while delivering incredibly consistent growth, a massive haircut like this naturally has investors wondering if it's time to buy. On the surface, the narrative seems simple: a tough macroeconomic environment is weighing on the consumer, pulling the stock down with it. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » But investors shouldn't be too quick to buy the dip. The real issue might not just be a dynamic consumer, but rather a structural shift in the competitive landscape. A traffic problem, not just a consumer problem The clearest sign of pressure is showing up in the company's top line. Chipotle's fourth-quarter revenue rose 4.9% year over year to $2.98 billion, largely aided by new store openings. But its comparable restaurant sales, which measure sales at locations open for at least 13 full calendar months, fell 2.5% during the period. This represents a stark deceleration from the 5.4% comparable sales growth the company posted in the prior-year period. Notably, this decline in comparable restaurant sales was driven entirely by a 3.2% drop in transactions, meaning fewer people are visiting Chipotle restaurants. This weakness completely offse...

Argosy Investors, in its Q4 letter, stated that it bought a position in Floor & Décor ( FND ) and exited Novo Nordisk ( NVO ) among Q4 moves. During the quarter, the fund also strengthened its position in Endava ( DAVA ), believing that its share price performance relative to peers is mostly company-specific and that there is a significant chance of mean reversion if DAVA can demonstrate inflecting organic revenue growth. On the other hand, the fund said it sold NVO after a very brief period of ownership due to what appeared to be a disadvantageous competitive situation following further diligence. In the fourth quarter, the fund also bought a position in Floor & Décor ( FND ), saying that the company's current EBIT margins are about 30% below their long-term pre-COVID levels and that it believes EBIT margins should continue to scale towards the low-to-mid-teens as the company builds out its store base. Source: Q4 2025 letter More on Novo Nordisk A/S CagriSema Incident: The Surprise Winner And What It Means For The Novo-Lilly Rivalry Pricing Pressure And Panic: What The Market May Be Missing In Novo Nordisk Eli Lilly Vs. Novo Nordisk: The Valuation Gap Is Unreasonable Novo’s China obesity drug posts positive mid-stage trial results Novo Nordisk board proposes DKK 7.95 final dividend for 2025, initiates DKK 15B buyback

格隆汇3月10日｜美国总统特朗普：我认为伊朗战争已经非常彻底，几乎结束了。

乌克兰总统弗拉基米尔·泽连斯基周一表示，已有11个国家向乌克兰寻求帮助，学习如何对抗伊朗为报复美以打击而发射的无人机。 乌克兰正在抵御俄罗斯每晚发射的伊朗设计的“沙希德”攻击无人机。 责任编辑：张俊 SF065

据媒体报道，特朗普认为针对伊朗的战事已基本接近尾声。美军行动进展已大幅领先于最初预估的4至5周时间表。 原油价格日内转跌，WTI原油价格跌约2%。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

Even Dems Are Questioning Rep. Swalwell's Eligibility To Run For Governor Authored by Luis Cornelio via HeadlineUSA , Rep. Eric Swalwell has long maintained his primary residence in Washington, D.C ., despite representing large portions of California in Congress. Now that he is running for California governor, his apparent on-paper-only California residency is under scrutiny - even from fellow Democrats. Eric Swalwell / IMAGE: Evening Standard via YouTube Tom Steyer, a left-wing billionaire donor who is also running for the Democratic nomination for governor, called on California Secretary of State Shirley Weber to enforce the state’s residency requirements. Steyer’s campaign wrote to Shirley that Swalwell “appears to live in California on paper only” and is “unlikely to meet the basic residency requirements to run for Governor.” In a 55-page letter, Steyer’s attorneys argued that Swalwell has repeatedly failed to list a home address in campaign documents. For instance, Swalwell listed a law firm’s address in Sacramento as his address on a Candidate Intention Statement. Swalwell also designated his Eckington address in Washington, D.C., at 209 S Street NE as his principal residence in a deed of trust. Instead, Swalwell lists a California address on his voter registration form, but deed records do not show that he actually owns the property. The letter argued that “public records databases do not indicate Swalwell is a resident at that address.” The home is owned by a relative of Swalwell’s former deputy chief of staff and longtime mentor, Tim Sbranti. When Swalwell is in California, he stays in San Francisco hotels, according to campaign finance records. Steyer’s letter is not the first time Swalwell has faced accusations that he does not actually reside in California. In January, Swalwell was sued over his D.C. residency, with the lawsuit alleging that he does not live in the state and is unqualified to run for governor. “ Tom Steyer has sunk to a new low, peddling...

Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of Edison International (Symbol: EIX) were yielding above the 5% mark based on its quarterly dividend (annualized to $2.95), with the stock changing hands as low as $58.82 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the S&P 500 ETF (SPY) back on 12/31/1999 — you would have paid $146.88 per share. Fast forward to 12/31/2012 and each share was worth $142.41 on that date, a decrease of $4.67/share over all those years. But now consider that you collected a whopping $25.98 per share in dividends over the same period, for a positive total return of 23.36%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.6%; so by comparison collecting a yield above 5% would appear considerably attractive if that yield is sustainable. Edison International (Symbol: EIX) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index. In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Edison International, looking at the history chart for EIX below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield. Click here to find out which 9 other dividend stocks just recently went on sale » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

格隆汇3月10日｜美国总统特朗普表示，他已考虑好接替伊朗最高领袖哈梅内伊的人选，但未作详细说明。

新兴市场货币指数在特朗普发表战争言论后抹去了所有跌幅。

"Bloomberg ETF IQ" focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Today's guests: Innovator CEO and Co-Founder Bruce Bond, Elston Consulting Portfolio Strategist Andrea Acimovic, Hypatia Capital Founder and Portfolio Manager Patricia Lizarraga, and Entrepreneurshares CIO and Founder Joel Shulman. (Source: Bloomberg)

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in CrowdStrike Holdings Inc (Symbol: CRWD), where a total volume of 31,258 contracts has been traded thus far today, a contract volume which is representative of approximately 3.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58.1% of CRWD's average daily trading volume over the past month, of 5.4 million shares. Especially high volume was seen for the $390 strike put option expiring March 13, 2026 , with 1,499 contracts trading so far today, representing approximately 149,900 underlying shares of CRWD. Below is a chart showing CRWD's trailing twelve month trading history, with the $390 strike highlighted in orange: Olema Pharmaceuticals Inc (Symbol: OLMA) saw options trading volume of 6,864 contracts, representing approximately 686,400 underlying shares or approximately 55.1% of OLMA's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $14 strike put option expiring April 17, 2026, with 2,044 contracts trading so far today, representing approximately 204,400 underlying shares of OLMA. Below is a chart showing OLMA's trailing twelve month trading history, with the $14 strike highlighted in orange: And Capital One Financial Corp (Symbol: COF) saw options trading volume of 27,954 contracts, representing approximately 2.8 million underlying shares or approximately 51.7% of COF's average daily trading volume over the past month, of 5.4 million shares. Particularly high volume was seen for the $220 strike put option expiring March 20, 2026, with 4,806 contracts trading so far today, representing approximately 480,600 underlying shares of COF. Below is a chart showing COF's trailing twelve month trading history, with the $220 strike highlighted in orange: For the various different available expirations for CRWD options, OLMA optio...

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Hologic Inc (Symbol: HOLX), where a total of 12,208 contracts have traded so far, representing approximately 1.2 million underlying shares. That amounts to about 48.4% of HOLX's average daily trading volume over the past month of 2.5 million shares. Particularly high volume was seen for the $72.50 strike put option expiring April 17, 2026 , with 2,940 contracts trading so far today, representing approximately 294,000 underlying shares of HOLX. Below is a chart showing HOLX's trailing twelve month trading history, with the $72.50 strike highlighted in orange: Liquidia Corp (Symbol: LQDA) saw options trading volume of 9,692 contracts, representing approximately 969,200 underlying shares or approximately 48.1% of LQDA's average daily trading volume over the past month, of 2.0 million shares. Particularly high volume was seen for the $47.50 strike call option expiring January 21, 2028, with 3,100 contracts trading so far today, representing approximately 310,000 underlying shares of LQDA. Below is a chart showing LQDA's trailing twelve month trading history, with the $47.50 strike highlighted in orange: And Dianthus Therapeutics Inc (Symbol: DNTH) saw options trading volume of 3,379 contracts, representing approximately 337,900 underlying shares or approximately 48% of DNTH's average daily trading volume over the past month, of 704,415 shares. Especially high volume was seen for the $50 strike put option expiring March 20, 2026, with 1,659 contracts trading so far today, representing approximately 165,900 underlying shares of DNTH. Below is a chart showing DNTH's trailing twelve month trading history, with the $50 strike highlighted in orange: For the various different available expirations for HOLX options, LQDA options, or DNTH options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: The views and opinions expres...

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Firefly Aerospace Inc (Symbol: FLY), where a total volume of 28,368 contracts has been traded thus far today, a contract volume which is representative of approximately 2.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 115.7% of FLY's average daily trading volume over the past month, of 2.5 million shares. Especially high volume was seen for the $24 strike call option expiring March 13, 2026 , with 9,238 contracts trading so far today, representing approximately 923,800 underlying shares of FLY. Below is a chart showing FLY's trailing twelve month trading history, with the $24 strike highlighted in orange: Advanced Micro Devices Inc (Symbol: AMD) options are showing a volume of 359,964 contracts thus far today. That number of contracts represents approximately 36.0 million underlying shares, working out to a sizeable 96.6% of AMD's average daily trading volume over the past month, of 37.2 million shares. Especially high volume was seen for the $170 strike put option expiring March 13, 2026, with 34,420 contracts trading so far today, representing approximately 3.4 million underlying shares of AMD. Below is a chart showing AMD's trailing twelve month trading history, with the $170 strike highlighted in orange: And United Therapeutics Corp (Symbol: UTHR) options are showing a volume of 3,679 contracts thus far today. That number of contracts represents approximately 367,900 underlying shares, working out to a sizeable 91.1% of UTHR's average daily trading volume over the past month, of 403,810 shares. Especially high volume was seen for the $560 strike call option expiring April 17, 2026, with 754 contracts trading so far today, representing approximately 75,400 underlying shares of UTHR. Below is a chart showing UTHR's trailing twelve month trading history, with the $560 strike highl...

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in CF Industries Holdings Inc (Symbol: CF), where a total volume of 14,934 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.4% of CF's average daily trading volume over the past month, of 3.4 million shares. Particularly high volume was seen for the $120 strike call option expiring March 20, 2026 , with 2,384 contracts trading so far today, representing approximately 238,400 underlying shares of CF. Below is a chart showing CF's trailing twelve month trading history, with the $120 strike highlighted in orange: Papa John's International, Inc. (Symbol: PZZA) options are showing a volume of 6,124 contracts thus far today. That number of contracts represents approximately 612,400 underlying shares, working out to a sizeable 43.9% of PZZA's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $35 strike call option expiring March 20, 2026, with 1,957 contracts trading so far today, representing approximately 195,700 underlying shares of PZZA. Below is a chart showing PZZA's trailing twelve month trading history, with the $35 strike highlighted in orange: And Carnival Corp (Symbol: CCL) options are showing a volume of 99,974 contracts thus far today. That number of contracts represents approximately 10.0 million underlying shares, working out to a sizeable 43.8% of CCL's average daily trading volume over the past month, of 22.8 million shares. Especially high volume was seen for the $25 strike call option expiring March 20, 2026, with 14,622 contracts trading so far today, representing approximately 1.5 million underlying shares of CCL. Below is a chart showing CCL's trailing twelve month trading history, with the $25 strike hi...

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Groupon Inc (Symbol: GRPN), where a total of 5,715 contracts have traded so far, representing approximately 571,500 underlying shares. That amounts to about 61.3% of GRPN's average daily trading volume over the past month of 931,680 shares. Especially high volume was seen for the $15 strike call option expiring April 17, 2026 , with 2,144 contracts trading so far today, representing approximately 214,400 underlying shares of GRPN. Below is a chart showing GRPN's trailing twelve month trading history, with the $15 strike highlighted in orange: Blackrock Inc (Symbol: BLK) saw options trading volume of 5,329 contracts, representing approximately 532,900 underlying shares or approximately 60.9% of BLK's average daily trading volume over the past month, of 875,080 shares. Particularly high volume was seen for the $1000 strike call option expiring March 20, 2026, with 1,015 contracts trading so far today, representing approximately 101,500 underlying shares of BLK. Below is a chart showing BLK's trailing twelve month trading history, with the $1000 strike highlighted in orange: And Pagaya Technologies Ltd. - Class A Ordinary Shares (Symbol: PGY) saw options trading volume of 33,816 contracts, representing approximately 3.4 million underlying shares or approximately 60.7% of PGY's average daily trading volume over the past month, of 5.6 million shares. Particularly high volume was seen for the $8 strike put option expiring August 21, 2026, with 15,760 contracts trading so far today, representing approximately 1.6 million underlying shares of PGY. Below is a chart showing PGY's trailing twelve month trading history, with the $8 strike highlighted in orange: For the various different available expirations for GRPN options, BLK options, or PGY options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: The views and opinion...

文章提及标的 标准普尔500指数 -- 纳斯达克100 -- 纳指ETF富国 -- 标普500（SPX）指数上涨0.3%，纳斯达克100（NDX）指数上涨0.7%。

It's time for investors to start rebuilding their bond allocations, according to JPMorgan Asset Management's Bob Michele. While the U.S.-Iran war and the surge in oil prices has investors concerned, the volatility shouldn't keep them from building up their fixed-income exposure at a time when yields remain attractive, he said. In fact, the bond market has actually held up reasonably well this past week, said Michele, the firm's chief investment officer and head of global fixed income. The 10-year Treasury yield has moved higher, but it has remained in the range it's been in since September, between 3.9% and 4.3%, he noted. Bond yields move inversely to prices. Credit has also held in fairly well, with much of the concern focusing on private credit markets, he noted. As a result, he's sticking with his call to move money into fixed income, especially for those who have been under-allocated for the past few years. "We've been buying the bond market. We view it as a great diversifier and counterbalance to the equity market," Michele said. "It does give you a risk-off home, and we've been buying credit because we don't forecast a recession on the horizon." Investors have seen the equity portions of their portfolio balloon over the past few years as stocks rallied. Enthusiasm over artificial intelligence has pushed equities to record highs, with the S & P 500 gaining 16% in 2025 and more than 20% in both 2024 and 2023. While this year has seen more volatility in stocks, portfolios are still lopsided, Michele noted. "For me, having done this for a long time, I can't remember both the institutional side and the wealth management side being so underweight and under-allocated to fixed income," he said. Yet he's starting to see that change, with many of those same investors now saying they are looking for opportunities in the bond market, he noted. "You see these constant inflows into various bond vehicles as they try to diversify from their equity exposure, which has appreci...

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Hims & Hers Health Inc (Symbol: HIMS), where a total volume of 483,616 contracts has been traded thus far today, a contract volume which is representative of approximately 48.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 129.9% of HIMS's average daily trading volume over the past month, of 37.2 million shares. Particularly high volume was seen for the $25 strike call option expiring March 13, 2026 , with 18,612 contracts trading so far today, representing approximately 1.9 million underlying shares of HIMS. Below is a chart showing HIMS's trailing twelve month trading history, with the $25 strike highlighted in orange: G-III Apparel Group Ltd. (Symbol: GIII) saw options trading volume of 5,332 contracts, representing approximately 533,200 underlying shares or approximately 124.9% of GIII's average daily trading volume over the past month, of 426,740 shares. Particularly high volume was seen for the $30 strike put option expiring March 20, 2026, with 2,666 contracts trading so far today, representing approximately 266,600 underlying shares of GIII. Below is a chart showing GIII's trailing twelve month trading history, with the $30 strike highlighted in orange: And RH (Symbol: RH) options are showing a volume of 12,545 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 119.4% of RH's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $130 strike put option expiring March 20, 2026, with 1,116 contracts trading so far today, representing approximately 111,600 underlying shares of RH. Below is a chart showing RH's trailing twelve month trading history, with the $130 strike highlighted in orange: For the various different available expirations...

Alarmed that Great Britain has only enough gas in storage to cover two days of consumption? Actually, Michael Shanks, the energy minister, is right that the bald statistic is not a reason to run for the hills. But he would help his case if he admitted that the long era of running a “just-in-time” approach to gas supplies looks increasingly unworkable. Shanks is obviously correct that Great Britain does not source its supplies from storage. About 75% of our gas comes from the North Sea – from domestic fields and via the 725-mile underwater Langeled pipeline from Norway – and neither source is affected by the war in Iran. As for imported liquefied natural gas (LNG), typically about 18% of supplies today, the market is disrupted now that Qatar, about a fifth of the global market, is not producing. But the rest of the market is still operating, so it’s a question of paying nosebleed rates for shipments, probably from the US, which already dominates our LNG imports. And the final pieces in “the diverse and strong energy mix”, as Shanks described it, are the two-way interconnectors to the Netherlands and Belgium that plug Great Britain’s gas system into the continent’s. But here’s the rub: while the Great Britain gas set-up looks sufficiently secure for now, the war is demonstrating two reasons why more storage looks essential if energy shocks are becoming more frequent. And transition to an intermittent renewables-heavy power system offers a third reason. First, there could be a harder price crunch, say gas experts, if the war goes on for months and the LNG market becomes so dysfunctional that continental European countries can’t refill their storage sites, which are much bigger than Great Britain’s, over the summer. That would set up a terrible dynamic for the winter in which Great Britain’s gas prices would have to trade at very fat premiums to attract flows across the interconnectors. In that case, it would be better to have our own strategic reserve to ride the bumps...

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in lululemon athletica inc (Symbol: LULU), where a total volume of 17,471 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 83.1% of LULU's average daily trading volume over the past month, of 2.1 million shares. Especially high volume was seen for the $330 strike call option expiring January 21, 2028 , with 1,252 contracts trading so far today, representing approximately 125,200 underlying shares of LULU. Below is a chart showing LULU's trailing twelve month trading history, with the $330 strike highlighted in orange: Eli Lilly (Symbol: LLY) options are showing a volume of 24,982 contracts thus far today. That number of contracts represents approximately 2.5 million underlying shares, working out to a sizeable 78.4% of LLY's average daily trading volume over the past month, of 3.2 million shares. Especially high volume was seen for the $380 strike put option expiring April 17, 2026, with 1,657 contracts trading so far today, representing approximately 165,700 underlying shares of LLY. Below is a chart showing LLY's trailing twelve month trading history, with the $380 strike highlighted in orange: And Nike (Symbol: NKE) options are showing a volume of 118,175 contracts thus far today. That number of contracts represents approximately 11.8 million underlying shares, working out to a sizeable 75.8% of NKE's average daily trading volume over the past month, of 15.6 million shares. Particularly high volume was seen for the $57.50 strike put option expiring April 17, 2026, with 11,876 contracts trading so far today, representing approximately 1.2 million underlying shares of NKE. Below is a chart showing NKE's trailing twelve month trading history, with the $57.50 strike highlighted in orang...