There Is No "Fair Share"... There Is Only "More" Authored by James Hickman via SchiffSovereign.com, In April 1971, Keith Richards loaded his family and his Bentley onto a cross-Channel ferry and drove south until he hit the Mediterranean. He rented a 19th-century villa called Nellcôte on a hillside above Villefranche-sur-Mer, and converted the basement into a recording studio. Over the following y...
There Is No "Fair Share"... There Is Only "More" Authored by James Hickman via SchiffSovereign.com, In April 1971, Keith Richards loaded his family and his Bentley onto a cross-Channel ferry and drove south until he hit the Mediterranean. He rented a 19th-century villa called Nellcôte on a hillside above Villefranche-sur-Mer, and converted the basement into a recording studio. Over the following year the rest of the Rolling Stones rotated through the house and nearby properties to record the double album that became Exile on Main St. , while staying deliberately out of reach of the British tax authorities. The top marginal income tax rate in Britain at the time was 75%, and a surcharge on the highest earners pushed the effective rate on the wealthiest past 90%. Three years later, under Denis Healey’s 1974 budget, the top rate on earned income would climb to 83% and the rate on investment income would reach 98%. Britain would spend the rest of the decade watching capital flee and begging the IMF for emergency loans. David Bowie, Rod Stewart, Michael Caine, Sean Connery, and a long line of less famous wealthy Britons eventually ran the same arithmetic as the Stones and reached a similar conclusion. Capital left the country in every form it could fit into, including bonds, businesses, luxury cars, and rock stars. But politicians never learn. Senator Cory Booker of New Jersey has backed legislation that would push the top federal income-tax rate to 43%. Senator Chris Van Hollen of Maryland is pushing a version that lands at 49%. Both men describe it, as they always do, as wealthy Americans finally paying their “fair share.” What exact percent is their fair share? Are we to believe they will be satisfied at 43% or 49%? As always, that phrase is deliberately left undefined. Never-mind that the top 1% of filers already paid 40.4% of all federal income taxes in 2022 while the bottom 50% paid roughly 3%. They are also conveniently ignorant of the fact that raising the top ma...
Applying for Social Security at 62 sets you up to receive a predictable monthly benefit for the rest of your life. You'll get the most checks possible if you apply right away, but you could also run into a few unexpected challenges. If you've considered signing up for Social Security at age 62, there are three potential downsides you'll want to be aware of before you fill out that application. Ima...
Applying for Social Security at 62 sets you up to receive a predictable monthly benefit for the rest of your life. You'll get the most checks possible if you apply right away, but you could also run into a few unexpected challenges. If you've considered signing up for Social Security at age 62, there are three potential downsides you'll want to be aware of before you fill out that application. Image source: Getty Images. Continue reading
The gap between AI insiders and everyone else is widening, and the spending, suspicion, and even new vocabulary are starting to show it. While OpenAI is busy buying up everything from finance apps to talk shows, a certain shoe company just rebranded as an AI infrastructure play, and Anthropic unveiled a model it says is too powerful to release publicly …but apparently not too […]
The gap between AI insiders and everyone else is widening, and the spending, suspicion, and even new vocabulary are starting to show it. While OpenAI is busy buying up everything from finance apps to talk shows, a certain shoe company just rebranded as an AI infrastructure play, and Anthropic unveiled a model it says is too powerful to release publicly …but apparently not too […]
Hemlo Mining Corp. press release ( HMMC:CA ): FY GAAP EPS of -$1.01 misses by $2.03 . Net cash used in operating activities for the twelve months ended December 31, 2025, was $24.6M. As of December 31, 2025, the Company held cash of $132M. More on Hemlo Mining Corp. Historical earnings data for Hemlo Mining Corp. Financial information for Hemlo Mining Corp.
Hemlo Mining Corp. press release ( HMMC:CA ): FY GAAP EPS of -$1.01 misses by $2.03 . Net cash used in operating activities for the twelve months ended December 31, 2025, was $24.6M. As of December 31, 2025, the Company held cash of $132M. More on Hemlo Mining Corp. Historical earnings data for Hemlo Mining Corp. Financial information for Hemlo Mining Corp.
Muse Spark, as what Meta Platforms (NASDAQ:META) is calling its much-anticipated closed-source model, which used to go by the codename Avocado. Undoubtedly, it’s an interesting name, and the release seems to have come at the right time, with broad markets bouncing back from the Iran war-driven slump. While the Anthropic Claude Mythos shock has taken ... Meta’s New AI Model Can Drive the Stock to F...
Muse Spark, as what Meta Platforms (NASDAQ:META) is calling its much-anticipated closed-source model, which used to go by the codename Avocado. Undoubtedly, it’s an interesting name, and the release seems to have come at the right time, with broad markets bouncing back from the Iran war-driven slump. While the Anthropic Claude Mythos shock has taken ... Meta’s New AI Model Can Drive the Stock to Fresh Highs
Robert Way/iStock Editorial via Getty Images Thesis This would be my third time talking about JinkoSolar Holding Co. ( JKS ) , which is one of the biggest solar companies in the world. The company makes all the main parts needed for solar power, starting from wafers and cells all the way to finished solar panels, and sells them to customers around the world, including large utility projects, busin...
Robert Way/iStock Editorial via Getty Images Thesis This would be my third time talking about JinkoSolar Holding Co. ( JKS ) , which is one of the biggest solar companies in the world. The company makes all the main parts needed for solar power, starting from wafers and cells all the way to finished solar panels, and sells them to customers around the world, including large utility projects, businesses, and homes. Looking at my past notes , JinkoSolar is one of those companies that sat on the precipice of a "Sell" call for me. But one of the reasons it tilted just enough toward a "Hold" was mainly because its scale and TOPCon technology suggested real long-term potential. Still, between thin profits, climbing debt, and solar prices that won't stop sliding, there wasn't much reason to turn bullish either. Clear split between broader market since 2023 (11/17/25 Hold call market) (Seeking Alpha) Since that call, the stock's been taking a beating, and yesterday's post-earnings reaction didn't do them any favors either. Now that I've had a chance to catch up and review the latest data and fundamental factors, I'm maintaining my neutral stance because the turnaround case is still too fragile to justify getting bullish, while the downside is just not severe enough to warrant a sell. JinkoSolar Q4 2025: The Cost of a Buyer's Market Seeking Alpha Q4 shipments : 26 GW FY2025 shipments: 86 GW Shipment YoY: -7.3% Q4 revenue: $2.5B Q4 revenue YoY: -15% The core problem is familiar to anyone watching Chinese solar manufacturers right now. There's an extreme amount of excess manufacturing capacity as well as restricted demand, and at the same time the buyers for this product have been trained to be patient. When they know that, over the longer term, prices will continue downward, they'll hold off on making any purchases. This dynamic has resulted in the procurement side of the market being trained to wait for better quotes; this leaves manufacturers in a defensive position no matt...
The Trump administration is said to be considering a deal to unfreeze $20 billion in Iranian assets in exchange for Iran’s uranium stockpiles, according to an Axios report. Tyler Kendall reports on Bloomberg Television. (Source: Bloomberg)
The Trump administration is said to be considering a deal to unfreeze $20 billion in Iranian assets in exchange for Iran’s uranium stockpiles, according to an Axios report. Tyler Kendall reports on Bloomberg Television. (Source: Bloomberg)
Analysts expect BAE Systems Plc ’s market value to top $100 billion for the first time as the UK defense contractor benefits from increased military spending by the US and Gulf states in the aftermath of the Iran war. Morgan Stanley on Friday raised its price target to 2,662 pence, just above a prior Street-high set by UBS Group AG analysts earlier this month. If either target is reached, BAE’s ma...
Analysts expect BAE Systems Plc ’s market value to top $100 billion for the first time as the UK defense contractor benefits from increased military spending by the US and Gulf states in the aftermath of the Iran war. Morgan Stanley on Friday raised its price target to 2,662 pence, just above a prior Street-high set by UBS Group AG analysts earlier this month. If either target is reached, BAE’s market capitalization would climb to about £80 billion ($108 billion). A team led by Ross Law at Morgan Stanley said the Middle East conflict will drive incremental spending, mainly through munitions replenishment and strategic capability investment. The stock rose as much as 2.6% to 2,274 pence. BAE is now valued at £68 billion, more than triple its worth before Russia’s invasion of Ukraine in February 2022. Defense stocks have surged as governments ramp up military spending in response to that war and increased Middle East tensions. Law pointed to President Donald Trump’s call for a $1.5 trillion defense budget . Growth in US military spending should be a tailwind for BAE’s revenue in 2028 and 2029, he said. The US is BAE’s largest market, accounting for around 46% of revenue, according to data compiled by Bloomberg. The London-based company supplies the infrared seeker used in the Terminal High Altitude Area Defense (THAAD) system deployed by the US to help defend Israel from Iranian missiles. Law also said elevated oil prices and geopolitical risk are boosting fiscal capacity across Gulf states, historically translating into higher defense spending. “While near-term economic disruption may create volatility, the overall effect will be a structural uplift in defense outlays,” he wrote. Not all analysts are as bullish as Morgan Stanley or UBS. The average 12-month price target for BAE shares among 23 firms tracked by Bloomberg is 2,332 pence, implying about 4% upside.
Thomasville Bancshares press release ( THVB ): Q1 GAAP EPS of $1.86. Pre-tax pre-provision income of $16.9 million, an increase of $2.4 million, or 16%, compared to the same period in 2025. Return on Average Assets of 2.44% and Return on Average Tangible Equity of 24.66%. Total Assets of $2.095 billion, an increase of $196 million over the same period in 2025. Loans grew $196 million to $1.788 bil...
Thomasville Bancshares press release ( THVB ): Q1 GAAP EPS of $1.86. Pre-tax pre-provision income of $16.9 million, an increase of $2.4 million, or 16%, compared to the same period in 2025. Return on Average Assets of 2.44% and Return on Average Tangible Equity of 24.66%. Total Assets of $2.095 billion, an increase of $196 million over the same period in 2025. Loans grew $196 million to $1.788 billion, or 12% year-over-year. Deposits increased $148 million to $1.790 billion, or 9% year-over-year. Regulatory Capital was $209 million or 10.14% of assets. TNB Financial, provider of trust and investment services, has client assets over $5.4 billion. More on Thomasville Bancshares Thomasville Bancshares GAAP EPS of $6.73 Dividend scorecard for Thomasville Bancshares Financial information for Thomasville Bancshares
印尼Pertamina旗下子公司已签署Lavender区块的产量分成合同，该区块覆盖苏拉威西岛的陆上和海上区域。 PT Pertamina Hulu Energi Sulawesi Lavender将运营该区块，其面积达8，206.95平方公里，涵盖南苏拉威西的海上及陆上区域以及东南苏拉威西的海上区域。 该合同是与上游监管机构SKK Migas签署的。 Lavender区块是Pertamina子公...
印尼Pertamina旗下子公司已签署Lavender区块的产量分成合同，该区块覆盖苏拉威西岛的陆上和海上区域。 PT Pertamina Hulu Energi Sulawesi Lavender将运营该区块，其面积达8，206.95平方公里，涵盖南苏拉威西的海上及陆上区域以及东南苏拉威西的海上区域。 该合同是与上游监管机构SKK Migas签署的。 Lavender区块是Pertamina子公司自2023年以来签署的第六个新区块。 该区块是通过2025年印尼石油招标轮次第二阶段的直接报价机制获得的，将按照成本回收型产量分成合同运营，合同期为30年。 该公司计划在勘探期的前三年内进行地质与地球物理研究，采集100公里二维地震数据和200平方公里三维地震数据。 该协议反映了Pertamina扩大其勘探组合、支持印尼新增油气发现和储量的战略。 责任编辑：张俊 SF065