Dianthus Therapeutics, Inc. (DNTH) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Dianthus Therapeutics, Inc. (DNTH) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
The US administration will allow Kazakhstan to continue transiting Russian pipeline crude to China until next March, according to the Central Asian nation’s energy ministry. Following consultations with the US Treasury, a waiver was extended until March 19, 2027, the ministry’s spokeswoman Asel Serikpayeva said Wednesday in an email. The previous license issued by the Treasury’s Office of Foreign ...
The US administration will allow Kazakhstan to continue transiting Russian pipeline crude to China until next March, according to the Central Asian nation’s energy ministry. Following consultations with the US Treasury, a waiver was extended until March 19, 2027, the ministry’s spokeswoman Asel Serikpayeva said Wednesday in an email. The previous license issued by the Treasury’s Office of Foreign Assets Control, or OFAC, was in force through this April, according to Interfax. Interfax was the first to report about the extension of the waiver. The license will allow Kazakhstan to continue transiting thousands of Russian barrels to China, the world’s largest energy consumer, as the global oil market is rattled by the war in the Middle East. Iran has effectively closed the Strait of Hormuz, a key waterway for oil exports from the Gulf, leaving many buyers in Asia searching for alternative supplies at elevated prices. Read More: China’s State Oil and Gas Champions Tested by Turbulent Markets President Donald Trump told reporters Tuesday that the US could leave Iran within two to three weeks, and indicated an agreement with Tehran may be reached but isn’t necessary for the war to end. The statement sent global oil prices below $100 per barrel, even as the future of regional supplies remains in limbo. The new US waiver also eases pressure on Russia. Without the extended license, the government in Moscow would have to start looking for alternative ways to deliver the agreed crude volumes to China just as Ukraine’s drone strikes damage oil-export terminals on the Baltic Sea. Under an agreement with Russia, Kazakhstan transits 10 million tons of crude to China per year, which is equivalent to around 200,000 barrels a day. Officials in Moscow and Astana are in talks to raise the annual volumes to 12.5 million tons.
Richard Drury/DigitalVision via Getty Images It's time to revisit the Schwab US REIT ETF ( SCHH ). I previously covered the ETF in February when I augmented an educational article. Unlike February's coverage, today's article communicated a directional outlook. More specifically, I caution against the expectation that SCHH will provide a hedge against a push inflation-based rally; let's traverse in...
Richard Drury/DigitalVision via Getty Images It's time to revisit the Schwab US REIT ETF ( SCHH ). I previously covered the ETF in February when I augmented an educational article. Unlike February's coverage, today's article communicated a directional outlook. More specifically, I caution against the expectation that SCHH will provide a hedge against a push inflation-based rally; let's traverse into the analysis. A Couple Of Starting Points SCHH In A Nutshell For those unaware of SCHH, it is a U.S.-based equity REIT ETF. In its own words, “ The fund’s goal is to track as closely as possible, before fees and expenses, the total return of an index composed of U.S. real estate investment trusts classified as equities,” which simply means the REIT provides investors with systematic access to U.S. equity REITs. In terms of its construction, SCHH follows a float-adjusted market cap weighting scheme and caps its single security exposure at 10%. Moreover, the ETF avoids illiquid issuers by mandating a focus on REITs with market capitalisations above $200 million. A glance at SCHH ETF's portfolio (Figure 1) shows that its primary sector exposure is health care, retail, and industrial. However, material exposure to telecommunications, residential, data centres, self-storage, and other specialised REITs is also evident—the other data points shown in Figure 1 are zoomed in on later in the article. Figure 1 (Charles Schwab) In terms of its historical performance. A since-inception chart shows that SCHH has underperformed large-cap U.S. equities (illustrated by the following diagram) since its vintage. Moreover, as illustrated later in the article, cyclicality is evident, making position sizing and timing highly important. Data by YCharts In a nutshell, SCHH provides liquid access to U.S. equity REITs with a slight tilt towards healthcare, industrial, retail, and multifamily REITs. The ETF has underperformed U.S. large-cap equities by a staggering amount since its vintage. Push v...
spawns/iStock via Getty Images By Ewa Manthey , Commodities Strategist and Warren Patterson , Head of Commodities Strategy Energy – Oil falls on optimism over Iran war Oil prices fell after US President Trump signalled a potential end to the war with Iran. Brent slipped to below $100/bbl on Wednesday morning, and WTI also traded below $100 after Trump said the US could leave Iran within two to thr...
spawns/iStock via Getty Images By Ewa Manthey , Commodities Strategist and Warren Patterson , Head of Commodities Strategy Energy – Oil falls on optimism over Iran war Oil prices fell after US President Trump signalled a potential end to the war with Iran. Brent slipped to below $100/bbl on Wednesday morning, and WTI also traded below $100 after Trump said the US could leave Iran within two to three weeks, suggesting an agreement with Tehran may be reached but is not required for the conflict to end. The President is due to address the nation at 9pm ET today with an update on Iran. The Wall Street Journal also reported that the UAE has urged the US and European and Asian military powers to form a coalition to open the Strait of Hormuz by force. Meanwhile, China and Pakistan jointly called for an immediate ceasefire and for shipping through Hormuz to be safeguarded. On Tuesday, Trump warned allies to buy US jet fuel or risk losing access via the Strait, telling countries reliant on oil to “start learning how to fight for yourself.” Even if the Strait reopens, clearing the vessel backlog would take time, with production, exports and LNG flows normalising only gradually rather than immediately. Meanwhile, Saudi Aramco ( ARMCO ) may raise the official selling price of Arab Light for Asian buyers next month, while key US crude grades are trading at their strongest premiums since the Covid‑19 period. In US inventory data, API figures showed crude stocks rose by 10.3mb last week, far above expectations for a 1.3mb build. Gasoline and distillate inventories fell by 3.2mb and 1.04mb, respectively, which should continue to support product cracks. The EIA report is due later today. In gas markets, European prices fell sharply, with TTF down more than 7.7% on Tuesday amid favourable weather forecasts and hopes of de-escalation in the Iran conflict. Strong wind generation could weigh on gas demand for power, while weaker industrial demand and a lighter maintenance season in Norw...
ismagilov/iStock via Getty Images US insurance regulators are taking steps to better understand the industry's exposure to private credit as investments in the asset class grow. Exposure to private credit has sparked investor concern across industries as the asset class experiences rising defaults and heightened investor redemptions. The National Association of Insurance Commissioners has made sev...
ismagilov/iStock via Getty Images US insurance regulators are taking steps to better understand the industry's exposure to private credit as investments in the asset class grow. Exposure to private credit has sparked investor concern across industries as the asset class experiences rising defaults and heightened investor redemptions. The National Association of Insurance Commissioners has made several changes to how it analyzes investment risk, including the formation of new task groups and changes to reporting requirements, to increase transparency and ensure regulators have the right tools to assess risk. The changes will allow insurance regulatory oversight to be more "nimble and responsive," according to Carrie Mears, an investment specialist with the Iowa Department of Insurance and Financial Services. Identifying risk Because NAIC reporting data is categorized by asset class instead of the means of origination, it can be difficult to parse out exactly how much US insurers have invested in private credit. The best way to determine how much exposure underwriters have in private credit is to look at the prevalence of their holdings of loans and securities that have been assigned private placement number identifiers. US insurers have been steadily increasing their investments in loans and securities with these private placement number identifiers over the past several years. Bonds with private placement numbers made up 23.4% of insurers' total admitted bonds in 2025, up from 18.3% in 2021. The NAIC's existing system to identify private bonds holdings casts a considerably wider net to incorporate straightforward investments that are freely tradable among institutional investors. This yields materially higher reported allocations that may not be fully indicative of heightened complex or liquidity risk. Moving forward it should be easier to analyze private credit exposure as the NAIC on March 5 adopted new reporting requirements that will provide more specific classi...
Fear is in the air. Sure, the S&P 500 (SNPINDEX: ^GSPC) is holding up pretty well in the face of significant uncertainty. However, implied volatility has risen sharply in recent weeks. Should investors stay away from all stocks with a 10-foot pole? Nope. Here are three dividend stocks you can buy with no hesitation. Image source: Getty Images. Continue reading
Fear is in the air. Sure, the S&P 500 (SNPINDEX: ^GSPC) is holding up pretty well in the face of significant uncertainty. However, implied volatility has risen sharply in recent weeks. Should investors stay away from all stocks with a 10-foot pole? Nope. Here are three dividend stocks you can buy with no hesitation. Image source: Getty Images. Continue reading
Chancellor says the government is looking at ways they can support people based on household income Good morning. Keir Starmer is giving a press conference this morning where, according to No 10, he will discuss the Iran war, and how the government is supporting people at home. Now we are in April, the new financial year is starting, and the government is highlighting measures it has introduced th...
Chancellor says the government is looking at ways they can support people based on household income Good morning. Keir Starmer is giving a press conference this morning where, according to No 10, he will discuss the Iran war, and how the government is supporting people at home. Now we are in April, the new financial year is starting, and the government is highlighting measures it has introduced that will help people with the cost of living. The Conservatives have an alternative list, and they are claiming this morning that “Keir Starmer and his chancellor have piled on extra costs leaving families almost £1,000 worse off this year”. The chancellor, Rachel Reeves , has been doing her own media too. She is on the Jeremy Vine show later, but she has already given an interview to BBC Breakfast in which she gave a marginally clearer idea of what she is planning to do to help people with energy bills than she did when she made a statement to MPs last week. From July to September, gas usage, especially by families and pensioners, is the lowest of any months of the year because it is the summer months … It will be really from the autumn onwards that people’s gas usage starts increasing. So at the moment we are working on a range of contingencies. And we are looking at more targeted measures. We are looking at ways we can support people based on their household income. I want to learn the lessons of the past because when Russia invaded Ukraine, the richest, the best-off third of households got more than a third of the support. That makes no sense at all. Continue reading...