Wheat futures have moved higher in the face of growing signs of fragility in the ceasefire pact between the US and Iran in the Middle East, with any reigniting of tensions likely to threaten further supply chain disruptions and price rises for vital farm inputs. Disagreements between the US and Iran over whether or not attacks by Israel on Lebanon undermine the agreement have threatened the deal j...
Wheat futures have moved higher in the face of growing signs of fragility in the ceasefire pact between the US and Iran in the Middle East, with any reigniting of tensions likely to threaten further supply chain disruptions and price rises for vital farm inputs. Disagreements between the US and Iran over whether or not attacks by Israel on Lebanon undermine the agreement have threatened the deal just over 24 hours after it came into effect. Joe Davis , a director of commodities at brokerage Futures International in Illinois, said while there was some dip buying taking place in the market, the disputes over the ceasefire were “an escalation of war however you look at it.” Wheat is a nitrogen-intensive crop, making it especially vulnerable to supply disruptions in the Strait of Hormuz, one of the world’s major trade corridors for fertilizer. “Wheat is already bullish with the dryness in the Great Plains and the worsening crop conditions as we saw on Monday,” he said in an interview, referring to a summary from the US Department of Agriculture. “So that is why wheat is outperforming corn and soybeans on the ‘risk on’ move we have seen since the ceasefire lows.” Leading wheat futures rose by as much as 0.7%, clawing back some of the sharp losses sparked by market relief over Wednesday’s ceasefire. The release of the USDA’s latest World Agricultural Supply and Demand Estimates report on Thursday is also expected to show a drop in US wheat stockpiles, according to a survey of analysts. Wheat was 0.7% higher at $5.84 a bushel as of 12:31 p.m. in Singapore Corn gained 0.3% to $4.485 a bushel Soybeans was steady
da-kuk/E+ via Getty Images Investment Thesis Fastly, Inc. ( FSLY ) is a San Francisco-based edge cloud platform. The stock did very well in FY2025, surging to highs of ~$35 for a roughly 600% move from its 52-week low. Last year was the company's first non-GAAP profitable fiscal year, with revenue of $624 million (up 15% YoY) and guidance for FY2026 of $700-$720 million in revenue and $50-$60 mill...
da-kuk/E+ via Getty Images Investment Thesis Fastly, Inc. ( FSLY ) is a San Francisco-based edge cloud platform. The stock did very well in FY2025, surging to highs of ~$35 for a roughly 600% move from its 52-week low. Last year was the company's first non-GAAP profitable fiscal year, with revenue of $624 million (up 15% YoY) and guidance for FY2026 of $700-$720 million in revenue and $50-$60 million in non-GAAP operating income. Net revenue retention climbed to 110%. RPO grew 55% YoY to $353.8 million. The cybersecurity business grew 21%. After years of negative cash flow and investor worries about customer concentration, Fastly finally seems to have turned the corner. But there is something that gives us pause: the current valuation . At about 8.3x trailing P/S, Fastly trades at a meaningful premium to Akamai ( AKAM ) (~4x) while growing three times faster, but at a steep discount to Cloudflare ( NET ) (~27x forward P/S), which grows twice as fast. Fastly's value likely falls between the two comps. The market is betting on the Cloudflare-type arc. We are not convinced. AI Accelerator and semantic caching must prove they can move the revenue needle. Until they do, we see the risk-reward as balanced. We rate Fastly a HOLD. Data by YCharts What Fastly Does Fastly operates a global edge cloud platform. It runs a distributed network of servers at the perimeter of the internet, pushing content delivery, security enforcement, and increasing computation as close to end users as possible. If a user in Tokyo loads a web page, Fastly's edge node in Tokyo serves it, not a data center in Virginia. Network services represented $477.8 million of FY2025 revenue, or about 78% of the total. Security products, including web application firewall, DDoS protection, and bot management, contributed $125.1 million (20%). A smaller "other" category covers "emerging compute" and AI products and added $21.1 million, up 64% YoY. That last bucket is small but worth watching. Fastly started as ...
Local school closes in Daejeon city as hundreds of emergency service and military personnel scour area around O-World theme park where the wolf escaped from Authorities are hunting for a wolf after it escaped from a zoo in Daejeon, a South Korean city with a population of 1.5million. More than 300 people – including firefighters, police and military personnel – are taking part in the search operat...
Local school closes in Daejeon city as hundreds of emergency service and military personnel scour area around O-World theme park where the wolf escaped from Authorities are hunting for a wolf after it escaped from a zoo in Daejeon, a South Korean city with a population of 1.5million. More than 300 people – including firefighters, police and military personnel – are taking part in the search operation, an official from the Daejeon fire headquarters said. Continue reading...
Barrick Mining Corp. said it plans to reduce exposure to higher-risk jurisdictions and signaled openness to top-tier acquisitions, as it prepares to spin off its prized North American operations. In a statement late Wednesday, Chairman John Thornton said the company’s strategy will center on concentrating capital on tier-one assets and overhauling its structure, anchored by a previously announced ...
Barrick Mining Corp. said it plans to reduce exposure to higher-risk jurisdictions and signaled openness to top-tier acquisitions, as it prepares to spin off its prized North American operations. In a statement late Wednesday, Chairman John Thornton said the company’s strategy will center on concentrating capital on tier-one assets and overhauling its structure, anchored by a previously announced initial public offering of its North American assets. “For many years, we have viewed our shares as undervalued,” wrote Thornton. “North American Barrick will be the most attractive pure gold company in the world, located in the most attractive jurisdiction, with the strongest proven growth pipeline.” The world’s third-largest gold producer had already outlined plans to list its joint venture in Nevada, where it also owns the Fourmile discovery, and a mine in the Dominican Republic, targeting completion by the end of 2026. The move is part of a strategic reset following operational setbacks and a management shakeup. The shift comes after years of declining output and the September departure of former Chief Executive Officer Mark Bristow , whose tenure included the seizure of a key Mali mine by the country’s military government. Delivering an acquisition would be a first for Barrick since it formally merged with Randgold Resources Ltd. in 2019 — a move that saw Bristow take the helm of the new Toronto-based company. Barrick made informal attempts to buy First Quantum Minerals Ltd. in 2023 , which later fell through. Barrick posted a sixth straight year of declining output in 2025, with production falling 17% to 3.26 million ounces — the lowest in at least 25 years. The company last week warned of significant cost increases at its massive copper and gold venture in Pakistan, after previously announcing it would slow development amid escalating security risks in the region. Barrick will scale back work at the project, which became a priority under Bristow’s tenure as he sought...
Singapore’s position against negotiating with Iran over access to the Strait of Hormuz has triggered backlash from Malaysian politicians, who saw its statements as “lecturing” them on how best to approach gaining safe passage through the vital waterway. For the past month, Tehran had all but shut access to the strait – which handles about a fifth of global oil and gas shipments, bound mostly for A...
Singapore’s position against negotiating with Iran over access to the Strait of Hormuz has triggered backlash from Malaysian politicians, who saw its statements as “lecturing” them on how best to approach gaining safe passage through the vital waterway. For the past month, Tehran had all but shut access to the strait – which handles about a fifth of global oil and gas shipments, bound mostly for Asia – in retaliation to deadly strikes by the US and Israel since they launched a war on Iran on...
Key PointsUnsurprisingly, the advent of artificial intelligence is the chief reason this company has grown to become the industry-leading name it is today.
Key PointsUnsurprisingly, the advent of artificial intelligence is the chief reason this company has grown to become the industry-leading name it is today.
laddawan punna/iStock via Getty Images Investment Approach Fidelity® Limited Term Municipal Income Fund ( FSTFX ) is a diversified national municipal bond strategy investing in general obligation and revenue- or tax-backed municipal securities across the short-intermediate part of the yield curve. Our investment approach focuses on fundamental credit analysis, yield-curve positioning and an analys...
laddawan punna/iStock via Getty Images Investment Approach Fidelity® Limited Term Municipal Income Fund ( FSTFX ) is a diversified national municipal bond strategy investing in general obligation and revenue- or tax-backed municipal securities across the short-intermediate part of the yield curve. Our investment approach focuses on fundamental credit analysis, yield-curve positioning and an analysis of the structural characteristics of each security. The fund's interest rate sensitivity is targeted closely to that of its benchmark to prevent interest rate speculation from overwhelming research-based strategies that we deem to have a higher likelihood of long-term success. We emphasize a total-return approach that seeks to generate a high level of tax-exempt income, consistent with the preservation of capital. Performance Summary Cumulative Cumulative Annualized Annualized Annualized Annualized 3 Month YTD 1 Year 3 Year 5 Year 10 Year/LOF 1 Fidelity Limited Term Municipal Income FundGross Expense Ratio: 0.30% 2 0.63% 4.60% 4.60% 3.58% 1.28% 1.70% Bloomberg Municipal Bond Index 1.56% 4.25% 4.25% 3.88% 0.80% 2.34% Bloomberg 1-6 Year Municipal Bond Index 0.49% 4.35% 4.35% 3.32% 1.31% 1.73% Lipper Short-Intermediate Municipal Debt Funds Classification 0.81% 4.34% 4.34% 3.49% 1.18% 1.60% Morningstar Fund Muni National Short 0.67% 3.86% 3.86% 3.43% 1.52% 1.58% Click to enlarge 1 Life of Fund (LOF) if performance is less than 10 years. Fund inception date: 12/24/1986. 2 This expense ratio is from the most recent prospectus and generally is based on amounts incurred during the most recent fiscal year, or estimated amounts for the current fiscal year in the case of a newly launched fund. It does not include any fee waivers or reimbursements, which would be reflected in the fund's net expense ratio. Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your...