Dazman/E+ via Getty Images An Australian court ruled Wednesday that Hancock Prospecting, owned by Australia's richest person Gina Rinehart, and Rio Tinto ( RIO ) must pay as much as hundreds of millions of dollars in royalties from iron ore mines to her father's former business partners, Reuters reported. Hancock Prospecting has been embroiled in litigation for 15 years over the Hope Downs mine ...
Dazman/E+ via Getty Images An Australian court ruled Wednesday that Hancock Prospecting, owned by Australia's richest person Gina Rinehart, and Rio Tinto ( RIO ) must pay as much as hundreds of millions of dollars in royalties from iron ore mines to her father's former business partners, Reuters reported. Hancock Prospecting has been embroiled in litigation for 15 years over the Hope Downs mine complex in Western Australia's Pilbara region with the family of her father's former business partner, Peter Wright. Iron ore miner Rio Tinto ( RIO ) is a joint venture operator and is jointly liable for the payments, the court ruled. The dispute dates back to deals made decades ago between Rinehart's father, Lang Hancock, and his business partners Peter Wright and Don Rhodes, to develop iron ore deposits in the Pilbara region. In the ruling, the Western Australia Supreme Court justice said Wright Prospecting and DFD Rhodes, the companies representing the descendants of Wright and Rhodes, should be paid a share of past and future royalties on some of the mines at Hope Downs; the amount due to the companies would be decided at a separate hearing at a later date. More on Rio Tinto Rio Tinto: Fundamentals Don't Support A Price Rally Rio Tinto: Eyes On The Future Post Glencore Talks, Solid Profit Outlook (Upgrade) BHP Group Is A Better Fit For All-Weather Portfolios Than Rio Tinto
Morgan Stanley’s stock traders took in $5.15 billion in the first three months of the year, a 25% jump that came in ahead of expectations and boosted total trading revenue to $10.7 billion. Dani Burger reports on Bloomberg Television. (Source: Bloomberg)
Morgan Stanley’s stock traders took in $5.15 billion in the first three months of the year, a 25% jump that came in ahead of expectations and boosted total trading revenue to $10.7 billion. Dani Burger reports on Bloomberg Television. (Source: Bloomberg)
Famine. Massacres. And now badly needed food and other supplies are under strain. Sudan on Wednesday enters a fourth year of war that is being called an “abandoned crisis” as a new conflict in the Middle East throws into shadow the fighting that has forced 13 million people to flee their homes. Sudan has been described as the world’s largest humanitarian challenge, notably in terms of displacement...
Famine. Massacres. And now badly needed food and other supplies are under strain. Sudan on Wednesday enters a fourth year of war that is being called an “abandoned crisis” as a new conflict in the Middle East throws into shadow the fighting that has forced 13 million people to flee their homes. Sudan has been described as the world’s largest humanitarian challenge, notably in terms of displacement and hunger. There is no end in sight to the fighting between the military and the paramilitary...
PM Images/DigitalVision via Getty Images Introduction Buying and holding income-producing stocks is one thing. Buying and holding those that will likely continue to deliver reliable income is another. For me, I don't want to just buy stocks with higher yields that can pay me dividends. I want to own stocks that will likely deliver income for the foreseeable future. When it comes to investing, havi...
PM Images/DigitalVision via Getty Images Introduction Buying and holding income-producing stocks is one thing. Buying and holding those that will likely continue to deliver reliable income is another. For me, I don't want to just buy stocks with higher yields that can pay me dividends. I want to own stocks that will likely deliver income for the foreseeable future. When it comes to investing, having a strategy matters. That's why every stock in my portfolio has a specific purpose. Some are expected to deliver high growth and strong upside. Some are expected to see slower growth but generate reliable income. But a common goal is all are expected to deliver income with a low possibility of seeing a dividend reduction. The two attractively priced REITs I discuss today are likely to deliver reliable income with the possibility of giving investors double-digit total returns. In this article, I discuss why they could deliver double-digit returns in 2026 and beyond. REITs Are Attractive Right Now One of the biggest lessons I've learned in investing over the years is knowing when to buy stocks. Buying quality stocks is one thing. Buying them at attractive prices is another. REITs ( XLRE ) have underperformed for the last few years, and most of us know why. So I won't go into detail, but higher interest rates played a large role. Although many have recovered, they still trade at attractive premiums to their NAV. You can see from the chart below how REIT premiums shot up after the pandemic in 2020. Then it gradually came down in 2021, dropping to around a 30% discount in 2022, the year the FED raised interest rates. iREIT+HOYA Many have recovered, but economic uncertainty keeps many at a discount. While it's tough seeing your portfolio value decline due to market volatility, focusing on quality is key. While many REITs have seen their share prices decline, they've still continued to grow their dividends. And this is mostly the reason why many of us own REITs in the first plac...
Oselote/iStock via Getty Images Silver is trying to get back into this important channel previously pointed out: This puts the current bull market in a similar position to 2004 in the previous bull market. In other words, it is still very early in this bull market. If you consider the current bull market structure in this context, then it should be apparent that silver prices are currently not as ...
Oselote/iStock via Getty Images Silver is trying to get back into this important channel previously pointed out: This puts the current bull market in a similar position to 2004 in the previous bull market. In other words, it is still very early in this bull market. If you consider the current bull market structure in this context, then it should be apparent that silver prices are currently not as overextended as many may think. It would be like saying silver at $5.60 in 2004 was overpriced. Silver is currently only about 58% higher than its 1980 peak (the peak of the last major bull market). A major bull market does not generally end as close as 58% higher than its previous major bull market did. Take the example of the '70s major bull market for silver, where silver ended at around $50, about 17 times higher than the 1864 peak ($2.94). On the same basis, silver could rise all the way to $850 ($50×17) before it is at a price comparable to the 1980 high. Here is another chart that does a similar type of comparison: It compares the current major bull market to the bull market of the 1970s. This also shows that silver has still much higher to go. It also shows how the current bull market is contextually similar to the 1970s one. Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
Kering And Hermès Sink As War Batters Earnings; Goldman Warns Luxury Dip-Buying Is "Premature" Goldman's Natasha de la Grense summed it up well this morning: "Money was waiting on the sidelines to buy luxury for a de-escalation play – that feels premature with three misses in three days." Disappointments from Kering and Hermès, both of which fell short of analyst estimates, reinforced the view tha...
Kering And Hermès Sink As War Batters Earnings; Goldman Warns Luxury Dip-Buying Is "Premature" Goldman's Natasha de la Grense summed it up well this morning: "Money was waiting on the sidelines to buy luxury for a de-escalation play – that feels premature with three misses in three days." Disappointments from Kering and Hermès, both of which fell short of analyst estimates, reinforced the view that the industry of fine wine, overpriced shirts, shoes, belts, and designer bags, is not yet out of the woods and sent the Goldman Sachs EU Luxury Goods Index (GSXELUXG) down more than 4%. Gucci's turnaround appears to be faltering, with first-quarter revenue plunging 8% - nearly double the expected decline as the US-Iran conflict hit Middle East demand and tourism. The conflict started late in the first quarter, resulting in an 11% sales drop in the Middle East (about 5% of revenue) and shaving roughly 1 percentage point off Kering's overall sales. Shares of Kering in Paris trade down as much as 10%, leaving them down about 16.5% on the year. Also in the luxury space, Hermès missed expectations in the first quarter, with sales up 5.6% at constant exchange rates versus the Bloomberg Consensus estimates of 7.44%. This miss sent shares in Paris spiraling down by 10%, leaving them down 23% on the year. Hermès' weakness was similar to Kering's, largely due to the Middle East Conflict. Sales in the region fell 5.9%, while France declined 2.8%, as lower tourism spending weighed on results, particularly due to fewer Middle Eastern shoppers visiting stores across France, Switzerland, and the UK. Italy was also affected, but not as much. Both earnings results add to mounting evidence that the war is hitting luxury demand more broadly. Natasha at Goldman outlined six points of what her team learned today about luxury stock earnings: Taking a step back from this morning's large share price moves in Luxury, what have we actually learnt from Q1 prints? Most companies are talking to a -10...
Earnings Call Insights: ASML Holding N.V. (ASML) Q1 2026 Management view “For the quarter, total net sales came in at EUR 8.8 billion. That was within guidance.” (Executive VP, CFO & Member of the Management Board R.J.M. Dassen) “Included in the EUR 8.8 billion was EUR 2.5 billion for Installed Base revenue. That was a little bit above the guidance.” (Executive VP, CFO & Member of the Management B...
Earnings Call Insights: ASML Holding N.V. (ASML) Q1 2026 Management view “For the quarter, total net sales came in at EUR 8.8 billion. That was within guidance.” (Executive VP, CFO & Member of the Management Board R.J.M. Dassen) “Included in the EUR 8.8 billion was EUR 2.5 billion for Installed Base revenue. That was a little bit above the guidance.” (Executive VP, CFO & Member of the Management Board Dassen) “If you look at the gross margin for Q1, 53%.” (Executive VP, CFO & Member of the Management Board Dassen) “Net income for the quarter, EUR 2.8 billion.” (Executive VP, CFO & Member of the Management Board Dassen) “We see that the semiconductor industry growth continued to solidify. This is still very much driven by investment in AI infrastructure.” (President, CEO and Chair of the Board of Management Christophe Fouquet) “We expect, in fact, that the supply will not meet the demand for the foreseeable future.” (President, CEO and Chair of the Board of Management Fouquet) “What our customers tell us is that they are sold out for 2026 and their supply constraint will last beyond 2026.” (President, CEO and Chair of the Board of Management Fouquet) “We believe we can drive an output for this year of at least 60 systems for EUV Low NA.” (Executive VP, CFO & Member of the Management Board Dassen) Outlook “For Q2, we expect EUR 8.4 billion to EUR 9 billion of total net sales.” (Executive VP, CFO & Member of the Management Board Dassen) “We expect the gross margin to be between 51% and 52%.” (Executive VP, CFO & Member of the Management Board Dassen) “We are actually narrowing the window and also increasing the window of our expectation to EUR 36 billion to EUR 40 billion for this year.” (Executive VP, CFO & Member of the Management Board Dassen) “For the gross margin, we maintain our expectation of 51% to 53%.” (Executive VP, CFO & Member of the Management Board Dassen) Compared with Q4 2025 guidance language, management moved from “EUR 34 billion and EUR 39 billion” ...
UK official receiver understood to prefer Blastr as buyer for SSUK’s electric arc furnace in Rotherham and site in Stocksbridge Business live – latest updates UK officials have entered exclusive talks with a Norwegian startup to buy the former Liberty Steel works in South Yorkshire, in a significant step towards its rescue. Norwegian-owned Blastr is understood to be the bidder preferred by the gov...
UK official receiver understood to prefer Blastr as buyer for SSUK’s electric arc furnace in Rotherham and site in Stocksbridge Business live – latest updates UK officials have entered exclusive talks with a Norwegian startup to buy the former Liberty Steel works in South Yorkshire, in a significant step towards its rescue. Norwegian-owned Blastr is understood to be the bidder preferred by the government’s official receiver to take on ownership of the UK’s largest existing electric arc furnace in Rotherham and other works in Stocksbridge, both in South Yorkshire. Continue reading...