Senate Republicans are moving forward on a bill to fund immigration enforcement through the end of Trump's term. And, Israel and Lebanon have agreed to a ceasefire that could aid in ending the war in Iran. (Image credit: Anna Moneymaker)
Senate Republicans are moving forward on a bill to fund immigration enforcement through the end of Trump's term. And, Israel and Lebanon have agreed to a ceasefire that could aid in ending the war in Iran. (Image credit: Anna Moneymaker)
(RTTNews) - Nu Holdings Ltd. (NU), a digital banking platform, Thursday announced that it has been authorised to buy back up to $1 billion of its ordinary shares, over a 12-month period beginning June 4.
(RTTNews) - Nu Holdings Ltd. (NU), a digital banking platform, Thursday announced that it has been authorised to buy back up to $1 billion of its ordinary shares, over a 12-month period beginning June 4.
South Africa ’s rand is back near the top of the carry-trade table after languishing close to the bottom in the weeks following the outbreak of the Iran war. The rand has returned about 5% since the beginning of April for traders who borrow dollars to invest in higher-yielding emerging-market assets. That’s the most after Hungary’s forint out of 22 peers tracked by Bloomberg. Traders took a 4.7% h...
South Africa ’s rand is back near the top of the carry-trade table after languishing close to the bottom in the weeks following the outbreak of the Iran war. The rand has returned about 5% since the beginning of April for traders who borrow dollars to invest in higher-yielding emerging-market assets. That’s the most after Hungary’s forint out of 22 peers tracked by Bloomberg. Traders took a 4.7% hit in the rand-dollar carry trade in March, according to data compiled by Bloomberg. But now they’re flocking back to the nation’s high-yielding bonds after price swings eased to below pre-war levels. They’re also attracted by South Africa’s economic-reform story, according to Robert-Lee Griffith, a co-founder of risk management and global payments firm Currency Solutions. “The rand topping the EM carry table is no surprise when you look at the fundamentals,” Griffith said. “South Africa offers some of the highest real yields in the emerging world, and with the dollar soft and FX volatility subdued, carry conditions are close to ideal.” The South African Reserve Bank raised borrowing costs by 25 basis points to 7% last week, its first increase in three years, as it sought to stifle inflation from elevated oil prices. The central bank also signaled that more hikes may be needed to bring inflation back to the 3% target if the conflict persists. Implied volatility in the rand-dollar pair dropped to around 11% this week after spiking as high as 15.9% in March. That’s reducing the risk of holding rand assets to benefit from bond yields that are among the highest in emerging markets. Non-residents bought a net 37.29 billion rand ($987.91 million) of government debt since the beginning of April following a record 56.19 billion rand selloff in March, based on settled trades data reported by stock exchange operator JSE Ltd. The benchmark 10-year yield has dropped 67 basis points to around 8.65% in that period, with only Turkey, Brazil, Colombia and Mexico offering higher yields amon...
Pre-Market Stock Futures: Futures are trading mixed after the AI/Datacenter/Storage/Technology rally took a day off on Wednesday. By the close, all of the major indices finished the day down in a big way. The same issues that have added pressure to stocks once again showed up at the party, as rising interest rates and oil ... Here Are Thursday’s Top Wall Street Analyst Research Calls: Broadcom, CM...
Pre-Market Stock Futures: Futures are trading mixed after the AI/Datacenter/Storage/Technology rally took a day off on Wednesday. By the close, all of the major indices finished the day down in a big way. The same issues that have added pressure to stocks once again showed up at the party, as rising interest rates and oil ... Here Are Thursday’s Top Wall Street Analyst Research Calls: Broadcom, CMS Energy, Commercial Metals, FedEx Freight, Medtronic, Murphy Oil, Sherwin-Williams, TeraWulf, and M
Photo: AI generated On June 2, authorities in Sanmenxia, Henan province, addressed a disturbing case: a female university student was tricked by her family into an internet-addiction treatment center. The local government classified the incident as an unauthorized educational operation by a company lacking administrative approval and promised further investigation. Yet, this bureaucratic response ...
Photo: AI generated On June 2, authorities in Sanmenxia, Henan province, addressed a disturbing case: a female university student was tricked by her family into an internet-addiction treatment center. The local government classified the incident as an unauthorized educational operation by a company lacking administrative approval and promised further investigation. Yet, this bureaucratic response masks a far darker reality. Such incidents are becoming increasingly common and severe, exposing a shadowy network of unregulated boot camps and a culture where parents routinely violate the law to restrict their children’s freedom under the guise of discipline.
Public SaaS valuations have compressed over two years while private equity dry powder and strategic acquirer balance sheets remain robust, and that gap matters. Mid-cap software names with mature recurring revenue, expanding free cash flow, and decelerating top-line growth appeal to both private equity (PE) sponsors and stack-consolidating strategics. Three names stand out as 2026 ... Which of The...
Public SaaS valuations have compressed over two years while private equity dry powder and strategic acquirer balance sheets remain robust, and that gap matters. Mid-cap software names with mature recurring revenue, expanding free cash flow, and decelerating top-line growth appeal to both private equity (PE) sponsors and stack-consolidating strategics. Three names stand out as 2026 ... Which of These 3 Software Stocks Is Most Likely to Be Acquired in 2026?
“This year is a much more radical technology shift and the most consequential, I believe, ever. But still, you need all foundations of the house to be in order,” Sebastian Steinhaeuser, Chief Operating Officer at SAP, tells Bloomberg Intelligence Senior Technology Analyst Anurag Rana. In this episode of Tech Disruptors, the pair discuss SAP’s autonomous enterprise vision, the rise of Joule assista...
“This year is a much more radical technology shift and the most consequential, I believe, ever. But still, you need all foundations of the house to be in order,” Sebastian Steinhaeuser, Chief Operating Officer at SAP, tells Bloomberg Intelligence Senior Technology Analyst Anurag Rana. In this episode of Tech Disruptors, the pair discuss SAP’s autonomous enterprise vision, the rise of Joule assistants and agents, and why AI may strengthen the case for cloud migration, data modernization, and appl
The Soviet “sea monster” is back – and this time it’s for sale. A Chinese company has completed the maiden flight of a passenger craft that skims just above the water’s surface using ground-effect technology, reviving a concept once associated with the Soviet Union’s giant Cold War-era experimental vehicles. Chinese mobility company Navee on Thursday showcased its WaveFly 5X on Lake Taihu in Suzho...
The Soviet “sea monster” is back – and this time it’s for sale. A Chinese company has completed the maiden flight of a passenger craft that skims just above the water’s surface using ground-effect technology, reviving a concept once associated with the Soviet Union’s giant Cold War-era experimental vehicles. Chinese mobility company Navee on Thursday showcased its WaveFly 5X on Lake Taihu in Suzhou, eastern Jiangsu province, as it raced to commercialise what it said was the world’s first...
We pop open a selection of fun but healthy fizzy flavoured waters that should satisfy even the fussiest princess I am not a princess about many things, but there has to be sparkling water in the house. Refreshing, enlivening and occasionally hangover-clearing, it is an essential. Thankfully, my husband is aligned with me (it would never have worked with someone who answered: “Tap’s fine”, when off...
We pop open a selection of fun but healthy fizzy flavoured waters that should satisfy even the fussiest princess I am not a princess about many things, but there has to be sparkling water in the house. Refreshing, enlivening and occasionally hangover-clearing, it is an essential. Thankfully, my husband is aligned with me (it would never have worked with someone who answered: “Tap’s fine”, when offered water in a restaurant). I’m not fussy about my fizzy, though – SodaStreamed tap is fine – but I am increasingly seduced by the rainbow of new flavoured, unsweetened sparkling waters such as Dash Water and Aqua Libra that have turned up of late. Depending on how you look at them, they offer a healthy take on fizzy drinks and/or bring a bit of bling to an otherwise neutral beverage. “They make water a fun drink,” says the chef and author Jesse Jenkins , who co-founded sparkling water brand Yew . Continue reading...
White House says caps will lower tuition costs, but critics say they will exacerbate the country’s nursing shortage Sign up for the Breaking News US newsletter email While the Trump administration has argued that new restrictions on the size of federal student loans will lower tuition costs, public health officials and Democrats say the measures will exacerbate the country’s serious nursing shorta...
White House says caps will lower tuition costs, but critics say they will exacerbate the country’s nursing shortage Sign up for the Breaking News US newsletter email While the Trump administration has argued that new restrictions on the size of federal student loans will lower tuition costs, public health officials and Democrats say the measures will exacerbate the country’s serious nursing shortage. As such, a group of 24 Democratic-led states and the District of Columbia recently sued the federal government seeking to block the new rule, which is set to take effect on 1 July. Continue reading...
Chair compares Guardiola with The Boy Who Cried Wolf ‘He never thought he would stay more than four years’ Khaldoon al-Mubarak has revealed Pep Guardiola “quit 100 times” as Manchester City manager, with the chair comparing the Catalan’s empty threats to The Boy Who Cried Wolf, one of Aesop’s Fables. Guardiola left City last month after 10 successful years during which he led the club to 17 major ...
Chair compares Guardiola with The Boy Who Cried Wolf ‘He never thought he would stay more than four years’ Khaldoon al-Mubarak has revealed Pep Guardiola “quit 100 times” as Manchester City manager, with the chair comparing the Catalan’s empty threats to The Boy Who Cried Wolf, one of Aesop’s Fables. Guardiola left City last month after 10 successful years during which he led the club to 17 major honours. He initially signed a three-year deal and while he agreed four extensions – in 2018, 2020, 2022 and 2024 – he was hesitant each time. Mubarak, who described himself as Guardiola’s “psychiatrist”, was instrumental in keeping his manager at City. Continue reading...
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. The U.S. retail market started ...
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. The U.S. retail market started 2026 on relatively healthy footing, and investors, especially institutional investors, are starting to pay more attention. Retail appears to be moving from a story of recovery to one of scarcity. More stores closed or downsized than opened or expanded during the first quarter, according to a report from JLL, but vacancies are still low at just 4.4%. That is because there has been very little new construction in the sector. Retail also offers much better yields than other commercial real estate sectors. And that's why investors are returning, with transaction volumes reaching over $15 billion during the first quarter, an increase of 5% compared with Q1 2025, according to the report. It was the highest first-quarter transaction volume since 2023. "The alpha wolves are back, and they are waking up hungry," said Paul Kurzawa, president and incoming CEO of Centennial, a retail owner and operator. "The rebound in equity and debt market fundamentals is fueling the search for strong double-digit returns over short- to mid-term holds with spreads of 150 to 200 bps that outperform the market indexes. Those types of returns are now achievable, but only in the right situations." Kurzawa, who oversees a 25 million-square-foot portfolio across 18 states, said the real shift isn't just that capital is returning, but that investors are being far more selective about where they deploy it. "What we have seen as well, especially this year, in a lot of the institutional investors and venture funds that I've met with, is that there's an appetite for core+ assets in a very big way," Kurzawa said...
OpenAI (OPAI.PVT) recently announced it is returning to the robotics business, potentially rivaling Tesla's (TSLA) Optimus robot. Barron's associate editor Al Root discusses the dynamics of the competition in the video above.
OpenAI (OPAI.PVT) recently announced it is returning to the robotics business, potentially rivaling Tesla's (TSLA) Optimus robot. Barron's associate editor Al Root discusses the dynamics of the competition in the video above.