Namibia said it arranged an emergency deal with Vitol Group for three months of fuel supply through September in an effort to mitigate price shocks for oil products caused by the Iran war. The southern African nation consulted governments, international oil companies and the local industry to keep fuel prices as low as possible, the Minister of Industries, Mines and Energy Modestus Amutse said in ...
Namibia said it arranged an emergency deal with Vitol Group for three months of fuel supply through September in an effort to mitigate price shocks for oil products caused by the Iran war. The southern African nation consulted governments, international oil companies and the local industry to keep fuel prices as low as possible, the Minister of Industries, Mines and Energy Modestus Amutse said in a statement. “What set the offer from Vitol apart was that it met the country’s fuel requirement in full: fuel supplied at the Basic Fuel Price, with no premium added on top and no public money required,” he said. African nations largely rely on fuel imports to meet demand and have also been hit hard by a surge in oil prices caused by the Iran war. Namibia and other governments have cut fuel levies to help lower the fuel costs. “There is nothing improper in the arrangements the Government has made to secure our fuel supply,” the minister said of the award to Vitol. “Should conditions in the international oil market not improve, the government will issue a further round of invitations to suppliers to take part in this initiative.”
On May 14, 2026, Chicago-based Banc Funds disclosed in an SEC filing that it sold 98,000 shares of FB Financial Corporation (NYSE:FBK) , an estimated $5.51 million trade based on quarterly average pricing. According to an SEC filing dated May 14, 2026, Banc Funds reduced its position in FB Financial Corporation by 98,000 shares during the first quarter. The estimated transaction value of this redu...
On May 14, 2026, Chicago-based Banc Funds disclosed in an SEC filing that it sold 98,000 shares of FB Financial Corporation (NYSE:FBK) , an estimated $5.51 million trade based on quarterly average pricing. According to an SEC filing dated May 14, 2026, Banc Funds reduced its position in FB Financial Corporation by 98,000 shares during the first quarter. The estimated transaction value of this reduction is approximately $5.51 million, based on the average share price for the quarter. The quarter-end value of the position shifted by $5.61 million, reflecting both the sale and changes in FBK’s market price. FB Financial Corporation is a regional bank holding company headquartered in Nashville, Tennessee, operating primarily through its FirstBank subsidiary. The company leverages a diversified product suite and extensive branch network to serve a broad customer base across the southeastern United States. Continue reading
Keeping tabs on where billionaire investors are putting their money is a good idea. While you shouldn't blindly follow their moves, their holdings can be a great source of inspiration for retail investors. One popular billionaire to follow is Bill Ackman, who has had a strong track record of success at his hedge fund, Pershing Square Capital Management. Ackman keeps a fairly concentrated portfolio...
Keeping tabs on where billionaire investors are putting their money is a good idea. While you shouldn't blindly follow their moves, their holdings can be a great source of inspiration for retail investors. One popular billionaire to follow is Bill Ackman, who has had a strong track record of success at his hedge fund, Pershing Square Capital Management. Ackman keeps a fairly concentrated portfolio, so when he takes a position, investors should pay attention. During Q1, he sold a number of stocks, but he bought only two: Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) . These both look like smart stock picks, but are they still good buys? Continue reading
Micron Technology, Inc. (NASDAQ:MU) was among the stocks Jim Cramer discussed in this changing market. Cramer discussed whether the stock can still be bought here, as he stated: You want a stunning fact? It took 490 days for NVIDIA stock to go from $500 billion market cap to a trillion. It took 48 days for […]
Micron Technology, Inc. (NASDAQ:MU) was among the stocks Jim Cramer discussed in this changing market. Cramer discussed whether the stock can still be bought here, as he stated: You want a stunning fact? It took 490 days for NVIDIA stock to go from $500 billion market cap to a trillion. It took 48 days for […]
US Military Hasn't Identified A Single Confirmed Mine In Strait Of Hormuz, Officials Tell NBC Just a few hours after President Trump boasted that the US Navy had detonated "numerous" Iranian sea mines, NBC News reported that, even after three months of warfare, the US military has yet to confirm the presence of even a single mine in the strategically critical Strait of Hormuz . Citing two US offic...
US Military Hasn't Identified A Single Confirmed Mine In Strait Of Hormuz, Officials Tell NBC Just a few hours after President Trump boasted that the US Navy had detonated "numerous" Iranian sea mines, NBC News reported that, even after three months of warfare, the US military has yet to confirm the presence of even a single mine in the strategically critical Strait of Hormuz . Citing two US officials and a "person familiar with the matter," NBC said relentless searches of the waterway by aerial and undersea drones haven't found any confirmed mines, merely finding some objects that might be mines. “If anything, the threat has been far less robust than we had feared,” the person "familiar with the matter" told NBC. The USS Santa Barbara, a littoral combat ship, is configured for minesweeping duties (Navy photo) Around the time Trump decided to join Israel in launching a war on Iran in the midst of ongoing negotiations in which Tehran had offered major concessions along the lines of what Trump is demanding today, US intelligence officials believed Iran had placed mines on the south side of the strait ahead of the shooting or shortly thereafter , said NBC . Allies had likewise reportedly concluded that Iran had deployed sea mines. The mine menace was said to be so formidable that, in April, a Pentagon official speaking to US legislators in a classified session said that fully clearing the strait of mines could take six months . In a Friday morning social media post in which he foreshadowed a potential ceasefire agreement that would end restrictions on commerce through the Strait of Hormuz, Trump boasted that the US Navy had "removed, through detonation, numerous such mines with our great underwater mine sweepers." The NBC report seemingly contradicts multiple CBS News reports. Most recently, on May 19, the outlet reported that US intelligence had identified " at least 10 mines " in the strait. Back in March CBS reported that an official said there were at least a dozen...
Apple (AAPL) doesn’t have to win the artificial intelligence model competition to win the next phase of AI. That's the bet underlying Bank of America's latest Apple call. Wamsi Mohan, an analyst at BofA, increased his price target on Apple to $380 from $330 and reiterated a Buy rating on May 26. ...
Apple (AAPL) doesn’t have to win the artificial intelligence model competition to win the next phase of AI. That's the bet underlying Bank of America's latest Apple call. Wamsi Mohan, an analyst at BofA, increased his price target on Apple to $380 from $330 and reiterated a Buy rating on May 26. ...
I own exactly two technology stocks, International Business Machines (NYSE: IBM) and Texas Instruments (NASDAQ: TXN) . Technology changes so quickly that I'm reluctant to buy trendy stocks in the sector, but old stalwarts with long histories of rewarding investors with dividend increases are right up my alley. Of the two tech stocks I own, I think IBM is the most misunderstood. Not just today, but...
I own exactly two technology stocks, International Business Machines (NYSE: IBM) and Texas Instruments (NASDAQ: TXN) . Technology changes so quickly that I'm reluctant to buy trendy stocks in the sector, but old stalwarts with long histories of rewarding investors with dividend increases are right up my alley. Of the two tech stocks I own, I think IBM is the most misunderstood. Not just today, but from a big-picture perspective. Here's why and why I'm happily buying more shares every time I get a quarterly dividend check. Image source: Getty Images. Continue reading
You're pretty new to Social Security, and while you may have gotten a few checks, there are still some things you're not sure about. For example, you know your benefits will get a cost-of-living adjustment (COLA) next January, but you don't know what that'll look like. Truth be told, no one does until the Social Security Administration announces the official COLA later this year. But if you unders...
You're pretty new to Social Security, and while you may have gotten a few checks, there are still some things you're not sure about. For example, you know your benefits will get a cost-of-living adjustment (COLA) next January, but you don't know what that'll look like. Truth be told, no one does until the Social Security Administration announces the official COLA later this year. But if you understand the following three things, you should have a rough idea of how your checks will change in 2027. Image source: Getty Images. Continue reading
On May 14, 2026, Premier Fund Managers Ltd disclosed in an SEC filing that it sold out of CBIZ (NYSE:CBZ) during the first quarter, with an estimated transaction value of $21.68 million based on quarterly average pricing. According to a SEC filing dated May 14, 2026, Premier Fund Managers Ltd reported selling all 614,524 shares of CBIZ during the first quarter. The estimated transaction value for ...
On May 14, 2026, Premier Fund Managers Ltd disclosed in an SEC filing that it sold out of CBIZ (NYSE:CBZ) during the first quarter, with an estimated transaction value of $21.68 million based on quarterly average pricing. According to a SEC filing dated May 14, 2026, Premier Fund Managers Ltd reported selling all 614,524 shares of CBIZ during the first quarter. The estimated transaction value for this sale is approximately $21.68 million, calculated using the average unadjusted closing price for the quarter. The quarter-end net position change reflected a $31.52 million decrease, including share sales and price movement effects. CBIZ is a leading provider of financial, insurance, and advisory services with a diversified portfolio spanning accounting, benefits consulting, and IT solutions. The company leverages its broad service offering and national footprint to serve a wide range of clients, focusing on the needs of small and medium-sized enterprises. CBIZ's integrated approach and sector expertise position it competitively in the specialty business services market. Continue reading
2nd T20i: Eng, 168-5, bt India, 142-9, by 26 runs India’s decision to retire out Bhatia in run chase backfires Freya Kemp smashed an unbeaten 39 from 13 balls as England finally unleashed some batting firepower to post 168 for five and beat India by 26 runs in the second T20 international. Kemp found able support from Dani Gibson as England’s two finishers added 39 from the final two overs to leve...
2nd T20i: Eng, 168-5, bt India, 142-9, by 26 runs India’s decision to retire out Bhatia in run chase backfires Freya Kemp smashed an unbeaten 39 from 13 balls as England finally unleashed some batting firepower to post 168 for five and beat India by 26 runs in the second T20 international. Kemp found able support from Dani Gibson as England’s two finishers added 39 from the final two overs to level the series. The pressure told on India’s fielders, who – after earlier offering Sophia Dunkley a life on nought – twice let the ball slip through their fingers, as Kemp and Gibson showed off their athleticism between the wickets. But mostly the runs came courtesy of good placement and huge power hitting, as Kemp in particular let loose her arms, smashing two sixes and four fours down the ground. Continue reading...
magical_light/iStock via Getty Images Income investing appears to be quite straightforward, as an investor needs to simply: Find securities that pay high yields Buy them And then sit back and let the dividends flow The basic concept is indeed simple, and it is part of the beauty of being an income investor. However, there are numerous pitfalls that income investors fall into that can ultimately sa...
magical_light/iStock via Getty Images Income investing appears to be quite straightforward, as an investor needs to simply: Find securities that pay high yields Buy them And then sit back and let the dividends flow The basic concept is indeed simple, and it is part of the beauty of being an income investor. However, there are numerous pitfalls that income investors fall into that can ultimately sabotage their portfolio and lead to very disappointing long-term results. This is why many times investors buy a high-yielding investment that looks perfect on paper, only to later have it slash its distribution and/or see their principal erode significantly. In this article, I'm going to share four common misconceptions that are extremely costly to income investors. Hopefully, you can use the lessons from this article as a diagnostic tool to help you think about your income investment selection process more clearly and hopefully make fewer costly mistakes over time. Misconception #1: High Yield Automatically Means High Income The first common misconception is that high yield automatically means high income. Ultimately, yield is just a ratio, not a measure of the actual durable income. Mistaking a high yield for sustainable income over time is one of the biggest and most expensive mistakes an income investor can make. Keep in mind that just because a stock has a high yield does not mean it is a phenomenal income stock. In fact, many times it means just the opposite. This is because stock yield rises whenever a stock price falls, meaning that many times the higher-yielding stocks are the ones that have seen their stock prices fall the most dramatically recently. Now, this may genuinely reveal a golden buying opportunity, but many times it signals a yield trap where smart money exits a company because it sees that the company has major issues ahead, whether they be balance sheet issues or issues of the actual underlying operating business that it expects will lead to its divid...