Trump Team Proposes New Tariff Round On 60 Countries Over Forced Labor Practices The U.S. Trade Representative has issued an overnight statement and proposed a new round of tariffs of at least 10% on imports from 60 trading partners , marking the administration's largest attempt yet to rebuild its tariff empire after the Supreme Court struck down earlier levies. The new duties stem from Section 30...
Trump Team Proposes New Tariff Round On 60 Countries Over Forced Labor Practices The U.S. Trade Representative has issued an overnight statement and proposed a new round of tariffs of at least 10% on imports from 60 trading partners , marking the administration's largest attempt yet to rebuild its tariff empire after the Supreme Court struck down earlier levies. The new duties stem from Section 301 of the Trade Act of 1974, which investigates whether trading partners are failing to block products made with forced labor - or slave labor. Those tariffs would apply to Canada, Mexico, the EU, Taiwan, and the UK, while goods from China, India, Japan, South Korea, Brazil, and Switzerland would face a higher 12.5% rate. The USTR explained that the higher rate targets countries that have failed to impose or effectively enforce forced-labor import bans. "The failure of our most important trading partners to address the importation of goods made with forced labor is unacceptable. This creates a dynamic where American workers are forced to compete globally on an unlevel playing field," U.S. Trade Representative Jamieson Greer wrote in a statement. Greer added, "We will no longer tolerate this disparity. Some trading partners have taken initial steps to prevent the importation of forced labor goods, including through the USMCA and commitments in Agreements on Reciprocal Trade. However, each of our trading partners must do more to ensure that trade does not perversely encourage and entrench forced labor globally." The proposed new levies will enter public review in the coming weeks, with hearings scheduled for June 22. Written comments are due by July 6, and public hearings will begin on July 7. Deborah Elms, head of trade policy at the Hinrich Foundation in Singapore, told Bloomberg in response to the development that "trading partners will be understandably upset by this determination." "You've opened a door now for a whole lot of new tariff and non-tariff adjustments," Elms s...
LatAm Airlines is likely to gain ground due to its financial flexibility, which should allow it to navigate elevated jet fuel prices, according to JPMorgan. The bank initiated coverage of the airline with an overweight rating. It also put a $70 price target on shares, suggesting 37% upside from Tuesday's close. "We reiterate our preference for LTM … supported by superior earnings momentum and a li...
LatAm Airlines is likely to gain ground due to its financial flexibility, which should allow it to navigate elevated jet fuel prices, according to JPMorgan. The bank initiated coverage of the airline with an overweight rating. It also put a $70 price target on shares, suggesting 37% upside from Tuesday's close. "We reiterate our preference for LTM … supported by superior earnings momentum and a lighter balance sheet," analyst Guilherme Mendes said Wednesday in a note to clients. LatAm and other airlines could recalculate flight costs as geopolitical developments unfold, enabling operators to weather spikes in jet fuel costs that threaten to shrink its margins, according to JPMorgan. Futures tied to international benchmark Brent crude were last trading around $98.19 per barrel, up 61% in the year to date due in large part to the Iran war. The analyst sees LatAm's EBITDA at $4.268 billion by the end of the year. That's 3% above the Street's consensus, assuming a jet fuel cost of $3.3 per gallon, he said. "On a broader sector level, we believe that the airline space has room to continue to gradually re-rate, depending on geopolitical developments and a potential stabilization of fuel prices," Mendes wrote. JPMorgan's call falls in line with consensus on Wall Street. All seven analysts covering LatAm have a buy or strong buy rating on the stock, LSEG data shows. Shares have fallen nearly 6% year to date, underperforming the overall market.
LightFieldStudios/iStock via Getty Images It's close to two years since the first time I covered Parsons Corporation ( PSN ), so I thought it would be a good time to revisit my initial hold recommendation to see what the company has achieved and give some comments on growth, as well as a quick DCF calculation, which told me that the company is trading at a fair value and that we may be close to th...
LightFieldStudios/iStock via Getty Images It's close to two years since the first time I covered Parsons Corporation ( PSN ), so I thought it would be a good time to revisit my initial hold recommendation to see what the company has achieved and give some comments on growth, as well as a quick DCF calculation, which told me that the company is trading at a fair value and that we may be close to the bottom. In those two years since, the company's share price dropped close to 23%, while the SPY increased over 38%. Briefly on Financials Revenues for the last three years have been on an overall uptrend, with some weakness coming in over the last year, driven by the large confidential contract, which has been affecting the company's top line for the whole year now. Seeking Alpha In the latest quarter available, which is Q1 '26 , revenues came in at around a 4% decline to $1.5B. Down 8% on an organic basis, but excluding the company's confidential contract, total revenue increased 8%. The growth was driven by the Critical Infrastructure and Protection, Space and Missile Defense, and Transportation segments. Looking at the breakdown in revenue in more detail, the Critical Infrastructure Segment increased by around 3% y/y, while the Federal Solutions segment declined around 10% for the quarter, dampening the overall performance considerably. Profitability and efficiency held quite steady over the same period, with only operating margins seeing some weakness in the latest quarter. Seeking Alpha Operating income decreased 12% to $96m, which was primarily due to lower volume on fixed-price confidential contracts and higher acquisition-related expenses. Net income for the period also decreased by 20% due to the same items mentioned. Adjusted EBITDA increased slightly by 1% to $151m, with the margin expansion being 50 bps to 10.1%. On to the company's financial position, PSN finished the quarter with around $283.9m in cash and equivalents, against $1.51B in long-term debt. I don...
A Hong Kong school principal has been fired after he swore at security guards during a student trip to Singapore last month, the institution has announced. The management committee of San Wui Commercial Society Secondary School in Tuen Mun announced on Wednesday the immediate dismissal of principal Lee Cheuk-hing and its refusal to accept his resignation, submitted about a week after the confronta...
A Hong Kong school principal has been fired after he swore at security guards during a student trip to Singapore last month, the institution has announced. The management committee of San Wui Commercial Society Secondary School in Tuen Mun announced on Wednesday the immediate dismissal of principal Lee Cheuk-hing and its refusal to accept his resignation, submitted about a week after the confrontation. The committee received Lee’s resignation letter on May 28, with his requested last day to be...
(RTTNews) - Macy's, Inc. (M) revised its fiscal 2026 guidance, including raising net sales, comparable sales, and adjusted EPS guidance. Adjusted EPS is now expected in a range of $2.00 to $2.20, revised from prior guidance range of $1.90 to $2.10. Net sales are now expected in a
(RTTNews) - Macy's, Inc. (M) revised its fiscal 2026 guidance, including raising net sales, comparable sales, and adjusted EPS guidance. Adjusted EPS is now expected in a range of $2.00 to $2.20, revised from prior guidance range of $1.90 to $2.10. Net sales are now expected in a
IREN ( IREN ) announced that it has signed a transmission connection agreement for a planned 800-megawatt data center campus in Bundey, South Australia, marking the company's first disclosed data center project in Australia. The development is expected to be one of the largest data center projects announced in the Asia-Pacific region to date. Under the agreement , IREN has secured access to four 3...
IREN ( IREN ) announced that it has signed a transmission connection agreement for a planned 800-megawatt data center campus in Bundey, South Australia, marking the company's first disclosed data center project in Australia. The development is expected to be one of the largest data center projects announced in the Asia-Pacific region to date. Under the agreement , IREN has secured access to four 330kV feeder exits at the utility's substation, providing sufficient capacity to support up to 800MW of power without the need for major network upgrades. The company said it plans to begin early-stage development work and equipment procurement while it works through the remaining regulatory approvals and conditions tied to the transmission connection agreement. IREN shares rose +5% premarket to $70.06. More on IREN Limited IREN: Software Capabilities Expand, But Financial Strains Loom Large IREN: The Pricing Power Breadcrumbs Are Starting To Add Up Why IREN Limited Could Outperform Nebius Now IREN closes $3.65B GPU financing facility IREN signs $1.6B deal with Dell to deploy Blackwell systems; ARR seen rising to $4.4B
Vertiv ( VRT ) declares $0.0625/share quarterly dividend , in line with previous. Forward yield 0.07% Payable June 25; for shareholders of record June 15; ex-div June 15. The company has now announced a dividend of $0.0625 for three consecutive quarters. See VRT Dividend Scorecard, Yield Chart, & Dividend Growth. More on Vertiv Vertiv Holdings: Investor Conference Solidifies A Buy Rating Vertiv Ho...
Vertiv ( VRT ) declares $0.0625/share quarterly dividend , in line with previous. Forward yield 0.07% Payable June 25; for shareholders of record June 15; ex-div June 15. The company has now announced a dividend of $0.0625 for three consecutive quarters. See VRT Dividend Scorecard, Yield Chart, & Dividend Growth. More on Vertiv Vertiv Holdings: Investor Conference Solidifies A Buy Rating Vertiv Holdings: The AI Data Center Cooling Leader Still Has Momentum Vertiv's AI Thesis Is Maturing, Not Breaking These 10 large-cap U.S. Industrial stocks trading at expensive valuations Vertiv initiated Buy at Loop Capital as underappreciated data center innovation leader
Daniel Berehulak/Getty Images News KBR ( KBR ) up 2.4% pre-market Wednesday after saying its Mission Technology Solutions business was awarded a 20-year, $8B ceiling Antarctic Science and Engineering Support Contract by the U.S. National Science Foundation. The NSF plays a critical role in national security by funding foundational research in critical technologies and protecting the U.S . research...
Daniel Berehulak/Getty Images News KBR ( KBR ) up 2.4% pre-market Wednesday after saying its Mission Technology Solutions business was awarded a 20-year, $8B ceiling Antarctic Science and Engineering Support Contract by the U.S. National Science Foundation. The NSF plays a critical role in national security by funding foundational research in critical technologies and protecting the U.S . research ecosystem from foreign interference, and its U.S . Antarctic Program operates three year-round stations and numerous research camps in Antarctica. Under the contract terms, KBR ( KBR ) will provide full-scale operations, maintenance, logistics, and science support in Antarctica and aboard ships in the Southern Ocean. " Antarctica is more than ice—it's a living laboratory where the past, present, and future of our planet converge. Renowned for its isolation, Antarctica serves as a hub for innovative scientific discovery," KBR ( KBR ) Readiness and Sustainment president Doug Hill said. More on KBR Inc. KBR Inc. Q1 2026 Earnings Call Transcript KBR Inc. Q1 2026 Earnings Call Presentation KBR: Low Valuation And Healthy Long-Term Drivers Make It A Buy
VersaBank ( VBNK ) declares CAD 0.025/share quarterly dividend , in line with previous. Payable July 31; for shareholders of record July 10; ex-div July 10. See VBNK Dividend Scorecard, Yield Chart, & Dividend Growth. More on VersaBank VersaBank: A Quiet Winner VersaBank (VBNK:CA) Shareholder/Analyst Call Transcript VersaBank 2026 Q1 - Results - Earnings Call Presentation VersaBank sells lone U.S....
VersaBank ( VBNK ) declares CAD 0.025/share quarterly dividend , in line with previous. Payable July 31; for shareholders of record July 10; ex-div July 10. See VBNK Dividend Scorecard, Yield Chart, & Dividend Growth. More on VersaBank VersaBank: A Quiet Winner VersaBank (VBNK:CA) Shareholder/Analyst Call Transcript VersaBank 2026 Q1 - Results - Earnings Call Presentation VersaBank sells lone U.S. branch to Stearns Bank Historical earnings data for VersaBank
Celcuity ( NASDAQ: CELC ) on Wednesday said that it plans to offer $400 million of convertible senior notes due 2032 in an underwritten public offering. The clinical-stage biotechnology company said it expects to grant underwriters a 30-day option to purchase up to an additional $60 million of notes to cover over-allotments. The unsecured senior notes will mature on August 1, 2032, unless earlier ...
Celcuity ( NASDAQ: CELC ) on Wednesday said that it plans to offer $400 million of convertible senior notes due 2032 in an underwritten public offering. The clinical-stage biotechnology company said it expects to grant underwriters a 30-day option to purchase up to an additional $60 million of notes to cover over-allotments. The unsecured senior notes will mature on August 1, 2032, unless earlier converted, redeemed, or repurchased. The interest rate, conversion rate, offering price, and other terms will be determined at pricing. Celcuity said it intends to use the net proceeds to repay all outstanding obligations under its loan agreement with Oxford Finance and use the remaining funds for working capital and general corporate purposes, including clinical trials, commercialization activities, research and development, capital expenditures, and business development. The company said completion of the offering remains subject to market and other conditions, and there is no assurance regarding its timing, size, or final terms. Source: Press Release More on Celcuity Celcuity Inc. (CELC) Discusses VIKTORIA-1 Trial Results for PIK3CA Mutant Advanced Breast Cancer and Gedatolisib Efficacy Transcript Celcuity: Approaching An Inflection Point With Gedatolisib Celcuity Inc. (CELC) Q1 2026 Earnings Call Transcript These 10 mid-cap U.S. healthcare companies carry the market's most expensive valuations Celcuity falls after detailed late-stage trial data for breast cancer drug
Shares of Indian software services companies are experiencing their sharpest swings since the pandemic, as the growing prowess of artificial intelligence fuels investor anxiety about the industry. NSE Nifty IT Index opened about 1.8% lower on Wednesday and extended the fall to as much as 5.8% before closing. Intraday swings of more than 4% have now occurred six times so far this year, the highest ...
Shares of Indian software services companies are experiencing their sharpest swings since the pandemic, as the growing prowess of artificial intelligence fuels investor anxiety about the industry. NSE Nifty IT Index opened about 1.8% lower on Wednesday and extended the fall to as much as 5.8% before closing. Intraday swings of more than 4% have now occurred six times so far this year, the highest frequency in the decade outside the pandemic period. The move also marked a sharp reversal of the gauge’s 5% advance a day before. Software services firms have emerged as the biggest laggards in India’s $4.9 trillion stock market this year, as investors reassess their growth outlook amid fears of AI-related disruption. Tata Consultancy Services tumbled more than 8% in its biggest single-day drop since early 2020. The slide followed a 6.5% rally in the previous session, highlight how hopes of a recovery have proved fleeting. The stock has slumped 29% so far this year, outpacing the 22% drop in the sector gauge. READ: India Tech Giants Struggle to Shake Off $115 Billion Rout “Software stocks have turned extremely sensitive to newsflow even though broader pessimism continues to hold for the sector,” said Sonam Srivastava , founder of Wright Research Portfolio Management Services. She said the latest decline in software stocks coincides with large share-sale and fundraising announcements from global firms including Anthropic PBC . READ: AI Scare’s $56 Billion Hit Tests Resilience of India’s IT Stocks Adding to signs of investor anxiety, realized volatility in technology stocks has risen to its highest level since the pandemic-era market turmoil. The NSE Nifty IT Index’s realized volatility is now above 50%, the highest reading since 2020 outside the Covid-induced spike that briefly sent volatility above 110%.
The iShares Core High Dividend ETF (NYSEMKT:HDV) may appeal to income-focused investors who prioritize defensive stability, while the Fidelity High Dividend ETF (NYSEMKT:FDVV) looks better for those seeking higher growth potential. Both funds target dividend-paying U.S. equities, yet they take very different paths to achieve that goal. While HDV prioritizes established, lower-volatility companies,...
The iShares Core High Dividend ETF (NYSEMKT:HDV) may appeal to income-focused investors who prioritize defensive stability, while the Fidelity High Dividend ETF (NYSEMKT:FDVV) looks better for those seeking higher growth potential. Both funds target dividend-paying U.S. equities, yet they take very different paths to achieve that goal. While HDV prioritizes established, lower-volatility companies, FDVV integrates growth-oriented sectors, resulting in distinct risk profiles for income-focused investors who must choose between sector stability and growth exposure. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading
designer491/iStock via Getty Images Market review and outlook The world financial markets, after performing well in the first two months of the year on continued optimism about trends in economic growth and interest rates, turned lower following the start of the conflict in the Middle East in early March. The ensuing spike in oil prices, together with concerns about possible shortages of other com...
designer491/iStock via Getty Images Market review and outlook The world financial markets, after performing well in the first two months of the year on continued optimism about trends in economic growth and interest rates, turned lower following the start of the conflict in the Middle East in early March. The ensuing spike in oil prices, together with concerns about possible shortages of other commodities caused by disrupted supply chains, dampened the growth outlook and led to a sharp rise in inflation expectations. The deteriorating inflation picture, in turn, dashed optimism that central banks could continue cutting rates. In combination, these developments led to a surge in global government bond yields that erased the positive total returns achieved in the first two months of the year. The conflict also fueled a sizable downturn in major global equity indexes in March, sending stocks into the red. With this said, the majority of the negative return for equities stemmed from weakness in the growth style in general and mega-cap U.S. technology stocks in particular. Conversely, the value style, dividend payers, and more defensive companies generally produced positive returns, benefiting diversified investors. We're encouraged by the broadening of leadership away from the "Magnificent Seven" group of U.S. tech companies, as it provided a tailwind for our diversified positioning. Contributors and detractors The fund's modest underperformance was almost entirely due to its overweight position in equities and its corresponding underweight in bonds. On the positive side, we benefited from having an underweight in U.S. large caps in favor of an overweight in U.S. mid caps. Underlying manager performance contributed, highlighted by relative strength in international equities. Portfolio changes The broader investment picture was very much in flux at the end of the quarter. While near-term trends in economic growth and corporate earnings remained positive, the conflict in ...