Ancient Egypt finally carries owner’s hopes at Epsom three years after huge spending spree at the Sales Many great gambles have been landed in the Derby down the years, from John Bowes’ bet on his horse, West Australian, in 1853 that won the equivalent of more than £5m today, to Raymond Guest’s £500 each-way on Sir Ivor at 100-1, a few months before his victory in June 1968 as the 4-5 favourite. A...
Ancient Egypt finally carries owner’s hopes at Epsom three years after huge spending spree at the Sales Many great gambles have been landed in the Derby down the years, from John Bowes’ bet on his horse, West Australian, in 1853 that won the equivalent of more than £5m today, to Raymond Guest’s £500 each-way on Sir Ivor at 100-1, a few months before his victory in June 1968 as the 4-5 favourite. And the 247th running of the Epsom Classic on Saturday could see another spectacular payoff – albeit without a bookie on the other side of the bet. Twenty months on from his three-day, £24m spending spree on yearlings at Tattersalls’ Book 1 sale in Newmarket in October 2024, the football “super-agent” Kia Joorabchian will be at Epsom to watch two of his big-money buys, Poker and Ancient Egypt, go to post for the premier Classic. Continue reading...
ToucanStudios/E+ via Getty Images Market Overview Relatively benign first quarter declines belie the severity of the selloff experienced following the February 28 attack on Iran by US and Israeli forces as rumors of war and the war itself weighed on investor sentiment. While the S&P 500 Index lost 4.3% for the period as a whole, it was down more than 9% from its peak. Similarly, the MSCI EAFE Inde...
ToucanStudios/E+ via Getty Images Market Overview Relatively benign first quarter declines belie the severity of the selloff experienced following the February 28 attack on Iran by US and Israeli forces as rumors of war and the war itself weighed on investor sentiment. While the S&P 500 Index lost 4.3% for the period as a whole, it was down more than 9% from its peak. Similarly, the MSCI EAFE Index's decline of 1.2% during the quarter obscures a peak-to-trough loss of more than 11%. 1 1. Source: FactSet; data as of March 31, 2026. Portfolio Review Rising Dividend Fund A Shares (without sales charge*)( FEFAX ) posted a return of -0.03% in first quarter 2026. Energy and information technology were the leading contributors among equity sectors, while healthcare, communication services and consumer discretionary detracted. The Rising Dividend Fund outperformed the S&P 500 Index in the period. Leading contributors in the First Eagle Rising Dividend Fund this quarter included Samsung Electronics Co., Ltd. Pfd Non-Voting, Exxon Mobil Corporation, C.H. Robinson Worldwide, Inc., Texas Instruments Incorporated and Enterprise Products Partners L.P. Samsung Electronics ( SSNLF ) is a global technology company and major manufacturer of diverse electronic components with a dominant presence in memory semiconductors. Shares performed well as dynamic random access (DRAM) memory and NAND memory chip prices reached new all-time highs during the quarter because of persistent demand from hyperscalers driven by AI infrastructure buildouts amid tight supply. Integrated oil and gas giant Exxon Mobil ( XOM ) was strong in the first quarter due to surging oil and natural gas prices following the outbreak of war in the Middle East and the closure of the Strait of Hormuz. We believe Exxon Mobil's long-duration, global asset base is well positioned to benefit from higher commodity prices, with key production sites in stable jurisdictions like Texas, Canada, Guyana and Asia-Pacific. C.H. Robins...
(RTTNews) - Stocks may come under pressure in early trading on Friday amid continued weakness in the tech sector. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.6 percent.
(RTTNews) - Stocks may come under pressure in early trading on Friday amid continued weakness in the tech sector. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.6 percent.
Anwar Ashraf, 39, forced his way into building in Whiteley, where Carla Skeites was working A man has been jailed for 26 years for attempted murder after he stormed into his ex-partner’s office building and stabbed her 17 times in front of colleagues. Anwar Ashraf, 39, forced his way into the office in Whiteley, Hampshire, where Carla Skeites was working, having bombarded her with messages demandi...
Anwar Ashraf, 39, forced his way into building in Whiteley, where Carla Skeites was working A man has been jailed for 26 years for attempted murder after he stormed into his ex-partner’s office building and stabbed her 17 times in front of colleagues. Anwar Ashraf, 39, forced his way into the office in Whiteley, Hampshire, where Carla Skeites was working, having bombarded her with messages demanding her to go outside to speak to him. Continue reading...
Microsoft Copilot AI Gold price prediction is targeting $5,500 to $6,000 per ounce for gold by the end of 2026, calling the macro setup as powerful as it has been in years, with the metal sitting at $4,466 and carrying 3 structural tailwinds that are all reinforcing each other simultaneously. ...
Microsoft Copilot AI Gold price prediction is targeting $5,500 to $6,000 per ounce for gold by the end of 2026, calling the macro setup as powerful as it has been in years, with the metal sitting at $4,466 and carrying 3 structural tailwinds that are all reinforcing each other simultaneously. ...
Wolterk/iStock Editorial via Getty Images Executive Summary My recommendation for Mattel, Inc. ( MAT ) changes from Sell to Hold. A person reading this would think it is somewhat unusual that this change occurred since there has been little recovery with respect to Barbie. Also, there seems to be very little recovery with regard to Fisher-Price, and margins continue to be squeezed by tariffs, tran...
Wolterk/iStock Editorial via Getty Images Executive Summary My recommendation for Mattel, Inc. ( MAT ) changes from Sell to Hold. A person reading this would think it is somewhat unusual that this change occurred since there has been little recovery with respect to Barbie. Also, there seems to be very little recovery with regard to Fisher-Price, and margins continue to be squeezed by tariffs, transportation costs, resin prices, foreign exchange, and retail pricing pressures. Still, price matters. In my previous write-up on Mattel in October (Sell rating), I determined that the company was an undesirable investment opportunity. Therefore, I established a price target of $16. The shares of the company have plummeted since then. However, the S&P 500 ( SP500 ) Index has risen quite considerably during the same period. This greatly alters the tradeoff in terms of risk vs. reward. Therefore, I lower my price target to $13. The shares of the company currently trade around $14. As such, I do not believe there is a strong case to remain aggressively negative on the stock. Conversely, I do not believe that there is sufficient information to warrant a more positive opinion of the shares. Ultimately, the shares appear to me to be closer to their fair value. This is why I am moving my rating to Hold. Additionally, there appears to be a potential short-term upside catalyst related to Masters of the Universe. The new live-action movie is scheduled to open nationwide in U.S. theaters; therefore, Mattel is set to launch a substantial merchandising program associated with this event. Unlike Barbie, this is a much more direct toy story: action figures, collectors’ items, vehicles, and classic shelf products. That can help Mattel in the short term. Even if it is a great movie, it will not be enough to turn Barbie's situation around, to restore the brand of Fisher-Price, or to completely get away from the pressure that lower margins bring. He-Man is the one to lead the way, but even he ...
The Mobo founder, who has died aged 57, had an unprecedented vision: to give Black British music a glitzy and joyful awards ceremony. But her impact went well beyond it • News: Kanya King, founder of Mobo awards for Black British music, dies aged 57 I first met Kanya King in the mid-1990s, when I was still reeling from the failure of my own attempt to target the Black audience via my newspaper, Bl...
The Mobo founder, who has died aged 57, had an unprecedented vision: to give Black British music a glitzy and joyful awards ceremony. But her impact went well beyond it • News: Kanya King, founder of Mobo awards for Black British music, dies aged 57 I first met Kanya King in the mid-1990s, when I was still reeling from the failure of my own attempt to target the Black audience via my newspaper, Black Briton. Kanya came along a couple of years later and showed how it should be done. In framing her awards as “music of Black origin”, she not only connected with the relatively small Black British population, but brought in a whole new audience, too, who acknowledged its oversized influence. Back then, the word diversity was hardly known. We were in the era of “equal opportunities”, which was taken seriously only by Labour-run local councils, and labelled “loony left” by most of the media. Britain had been dominated by more than 15 years of Thatcher-inspired government. Stephen Lawrence had been murdered, but the inquiry that identified “ institutional racism ” was still years away. Continue reading...
Hillhouse Investment is close to buying a significant minority stake in UK-based certifications and inspections business LRQA from Goldman Sachs Group Inc. ’s asset management arm, according to people familiar with the matter. The Asian investment firm is finalizing details of a transaction that may be announced as soon as Friday, the people said. Goldman Sachs Asset Management ’s alternatives uni...
Hillhouse Investment is close to buying a significant minority stake in UK-based certifications and inspections business LRQA from Goldman Sachs Group Inc. ’s asset management arm, according to people familiar with the matter. The Asian investment firm is finalizing details of a transaction that may be announced as soon as Friday, the people said. Goldman Sachs Asset Management ’s alternatives unit will continue to own a majority stake in LRQA, the people said, asking not to be identified because the information is private Representatives for Hillhouse and Goldman Sachs declined to comment. Goldman Sachs bought LRQA from Lloyd’s Register in 2021. LRQA provides services including quality assurance, inspection, safety and cybersecurity in sectors ranging from food and beverage to healthcare and renewable energy. With a presence in more than 150 countries, the company has expanded organically and via acquisitions. Hillhouse last month agreed to acquire Mercer’s Private Client Services, an Asia-led business offering wealth protection and life insurance. It also purchased about 17% of Hong Kong-listed Modern Dental Group Ltd. in January. Hillhouse was founded in 2005 with initial funding from the Yale University Foundation.
Industry Perspective "Lithium batteries are the new oil." - Elon Musk, Tesla CEO (publicly reported statement regarding the strategic importance of battery materials). "Lithium, nickel, cobalt, manganese and graphite are crucial to battery performance, ...
Industry Perspective "Lithium batteries are the new oil." - Elon Musk, Tesla CEO (publicly reported statement regarding the strategic importance of battery materials). "Lithium, nickel, cobalt, manganese and graphite are crucial to battery performance, ...
Alistair Berg Stock index futures were largely lower on Friday as traders assessed May's labor report, while tech continued to be under pressure. Here are the four stocks to watch on the day: Broadcom ( AVGO ) fell 2.2% in premarket trading following an earnings-related selloff on Thursday. Despite the decline, Erste Group upgraded the chipmaker on Friday. “The Group expects the very positive mome...
Alistair Berg Stock index futures were largely lower on Friday as traders assessed May's labor report, while tech continued to be under pressure. Here are the four stocks to watch on the day: Broadcom ( AVGO ) fell 2.2% in premarket trading following an earnings-related selloff on Thursday. Despite the decline, Erste Group upgraded the chipmaker on Friday. “The Group expects the very positive momentum to continue in the third quarter of the new financial year,” Erste Group analyst Hans Engel wrote in a note to clients. Planet Labs ( PL ) dropped 5% in premarket trading after entering into an equity distribution agreement to offer and sell up to $1.5 billion of Class A common stock from time to time. Sales under the prospectus may be made in at-the-market offerings. Apollo Global Management ( APO ) slipped 0.3% in premarket trading after the private equity firm scrapped plans for a £1.52 billion ($2.04 billion) takeover bid for U.K. thermal processing company Bodycote. The proposed all-cash offer of 885 pence per share represented a nearly 27% premium to Bodycote’s share price at the time. “Apollo continues to hold Bodycote and its management team in high regard,” the New York firm said. Taiwan Semiconductor ( TSM ) declined 1.9% in premarket trading on Friday despite Wedbush Securities expressing a positive long-term outlook. CEO C.C. Wei said the global foundry will not be able to catch up with artificial intelligence demand “for years.” Wedbush analyst Matt Bryson noted that Wei’s framing mirrors the message conveyed by Broadcom, whose backlog is growing significantly as large customers extend orders into 2028 to ensure product availability in a constrained environment. More related stories Broadcom: The ASIC Boom Is Real, But So Is The Valuation Problem Broadcom Has Just Crashed - I'm Buying This Dip (Rating Upgrade) Planet Labs PBC (PL) Q1 2027 Earnings Call Transcript Broadcom upgraded by Erste Group after earnings-related selloff Planet Labs enters up to $1.5B...
Alistair Berg Stock index futures were largely lower on Friday as traders assessed May's labor report, while tech continued to be under pressure. Here are the four stocks to watch on the day: Broadcom ( AVGO ) fell 2.2% in premarket trading following an earnings-related selloff on Thursday. Despite the decline, Erste Group upgraded the chipmaker on Friday. “The Group expects the very positive mome...
Alistair Berg Stock index futures were largely lower on Friday as traders assessed May's labor report, while tech continued to be under pressure. Here are the four stocks to watch on the day: Broadcom ( AVGO ) fell 2.2% in premarket trading following an earnings-related selloff on Thursday. Despite the decline, Erste Group upgraded the chipmaker on Friday. “The Group expects the very positive momentum to continue in the third quarter of the new financial year,” Erste Group analyst Hans Engel wrote in a note to clients. Planet Labs ( PL ) dropped 5% in premarket trading after entering into an equity distribution agreement to offer and sell up to $1.5 billion of Class A common stock from time to time. Sales under the prospectus may be made in at-the-market offerings. Apollo Global Management ( APO ) slipped 0.3% in premarket trading after the private equity firm scrapped plans for a £1.52 billion ($2.04 billion) takeover bid for U.K. thermal processing company Bodycote. The proposed all-cash offer of 885 pence per share represented a nearly 27% premium to Bodycote’s share price at the time. “Apollo continues to hold Bodycote and its management team in high regard,” the New York firm said. Taiwan Semiconductor ( TSM ) declined 1.9% in premarket trading on Friday despite Wedbush Securities expressing a positive long-term outlook. CEO C.C. Wei said the global foundry will not be able to catch up with artificial intelligence demand “for years.” Wedbush analyst Matt Bryson noted that Wei’s framing mirrors the message conveyed by Broadcom, whose backlog is growing significantly as large customers extend orders into 2028 to ensure product availability in a constrained environment. More related stories Broadcom: The ASIC Boom Is Real, But So Is The Valuation Problem Broadcom Has Just Crashed - I'm Buying This Dip (Rating Upgrade) Planet Labs PBC (PL) Q1 2027 Earnings Call Transcript Broadcom upgraded by Erste Group after earnings-related selloff Planet Labs enters up to $1.5B...
Nuwellis, Inc. ( Nasdaq: NUWE ) on Friday said it priced a public offering expected to raise approximately $6 million in gross proceeds. The offering consists of 20 million shares of common stock, or pre-funded warrants in lieu thereof, with accompanying warrants, at a public offering price of $0.30 per share and accompanying warrants. The company said the offering includes Series C warrants to pu...
Nuwellis, Inc. ( Nasdaq: NUWE ) on Friday said it priced a public offering expected to raise approximately $6 million in gross proceeds. The offering consists of 20 million shares of common stock, or pre-funded warrants in lieu thereof, with accompanying warrants, at a public offering price of $0.30 per share and accompanying warrants. The company said the offering includes Series C warrants to purchase up to 60 million shares of common stock and Series D warrants to purchase up to 20 million shares. Both warrant series have an exercise price of $0.30 and become exercisable following stockholder approval and the effectiveness of a reverse stock split. Nuwellis also said it entered into concurrent private warrant reprice transactions with certain existing warrant holders to reduce the exercise price of previously issued warrants to $0.30, subject to stockholder approval. Source: Press Release More on Nuwellis Nuwellis, Inc. (NUWE) Q1 2026 Earnings Call Transcript Nuwellis, Inc. (NUWE) Q4 2025 Earnings Call Transcript Nuwellis gains USPTO approval for dual-lumen catheter patent Quant snapshot: Avino Silver & Gold, Harmony Gold lead strong buys as Angel Studios, Exagen lag Seeking Alpha’s Quant Rating on Nuwellis