Wes Streeting gave a speech outlining his performance on the NHS and plans for the future. Was this his unofficial leadership pitch? Pippa Crerar and Kiran Stacey sit down with the health secretary to find out Continue reading...
Wes Streeting gave a speech outlining his performance on the NHS and plans for the future. Was this his unofficial leadership pitch? Pippa Crerar and Kiran Stacey sit down with the health secretary to find out Continue reading...
May WTI crude oil (CLK26 ) on Wednesday closed down -2.03 (-2.20%), and May RBOB gasoline (RBK26 ) closed down -0.1344 (-4.34%). Crude oil and gasoline prices fell sharply on Wednesday in hopes that US-Iran diplomacy can end the war in Iran. Also, the unexpected increase in weekly EIA crude...
May WTI crude oil (CLK26 ) on Wednesday closed down -2.03 (-2.20%), and May RBOB gasoline (RBK26 ) closed down -0.1344 (-4.34%). Crude oil and gasoline prices fell sharply on Wednesday in hopes that US-Iran diplomacy can end the war in Iran. Also, the unexpected increase in weekly EIA crude...
April Nymex natural gas (NGJ26 ) on Wednesday closed up +0.009 (+0.31%). Nat-gas prices recovered from a 3.5-week low on Wednesday and settled slightly higher after Iran rejected a peace plan from the US, which could keep the Strait of Hormuz closed and curtail nat-gas supplies from the Middle East....
April Nymex natural gas (NGJ26 ) on Wednesday closed up +0.009 (+0.31%). Nat-gas prices recovered from a 3.5-week low on Wednesday and settled slightly higher after Iran rejected a peace plan from the US, which could keep the Strait of Hormuz closed and curtail nat-gas supplies from the Middle East....
Federal Reserve Governor Stephen Miran says he doesn't think Fed policy needs to be "slamming on the gas" to accelerate the economy but also doesn't need to be holding the economy back during remarks at the Digital Asset Summit in New York. (Source: Bloomberg)
Federal Reserve Governor Stephen Miran says he doesn't think Fed policy needs to be "slamming on the gas" to accelerate the economy but also doesn't need to be holding the economy back during remarks at the Digital Asset Summit in New York. (Source: Bloomberg)
European Union rules requiring electronics to include easily replaceable batteries could force consumer tech makers to rethink their designs and go beyond the repairability improvements they’ve made in recent years. The EU’s Batteries Regulation will require electronics hitting the market after February 2027 to include easily replaceable batteries. The aim was to minimize pollution from discarded ...
European Union rules requiring electronics to include easily replaceable batteries could force consumer tech makers to rethink their designs and go beyond the repairability improvements they’ve made in recent years. The EU’s Batteries Regulation will require electronics hitting the market after February 2027 to include easily replaceable batteries. The aim was to minimize pollution from discarded batteries through recycling and reuse, and it was aimed at electric vehicles and micro-mobility solutions. But the regulation isn’t restricted to e-bikes. Integrated batteries found in toys, video game consoles and wearable technology from Meta Platforms Inc. and Apple Inc. could also fall afoul of the rules. Selling products that don’t meet the rules risks recalls and bans. Meta’s plans to sell the latest generation of its Ray-Ban Display glasses in the European Union are being delayed by supply constraints, the battery regulation and rules around artificial intelligence, people familiar with the matter said. Read More: Meta Glasses Withheld From EU by Battery Rules, Supply Snags Other companies are making changes ahead of the deadline. Nintendo Co. is planning to release a variant of its Switch 2 console in the EU that includes a user-replaceable battery, according to a report in Nikkei. A representative for the European Commission didn’t immediately respond to a request for comment. Early laptops and smartphones allowed users to replace the battery with a spare to keep their products humming along. But gradually, as hardware designs grew thinner, sleeker and more sophisticated, this flexibility faded away. Tech giants realized that battery compartments took up valuable space in their devices. Switching to non-user-replaceable batteries, they argued, would free up room for other components — and allow the battery itself to be larger. These sealed designs also helped make everyday gadgets more water resistant. But over the last decade, the Right to Repair movement has gain...
A Los Angeles jury's ruling that Meta and YouTube contributed to a teenage girl's depression marks a potential turning point in the years-long legal battle against social media giants -- one that could carry an enormous price tag.- Legislative pressure builds - The Los Angeles and Santa Fe cases are part of a broader wave of legal and regulatory action that gathered pace after Australia moved last...
A Los Angeles jury's ruling that Meta and YouTube contributed to a teenage girl's depression marks a potential turning point in the years-long legal battle against social media giants -- one that could carry an enormous price tag.- Legislative pressure builds - The Los Angeles and Santa Fe cases are part of a broader wave of legal and regulatory action that gathered pace after Australia moved last year to ban social media for people under 16.
alvarez/E+ via Getty Images My Investing Philosophy I like dividend-paying stocks that have a history of raising the dividend consistently, year after year. I also like finding stocks that are currently out of favor, either due to macro events or temporary (but reversible) mistakes by management once they have learned the lesson and are likely to avoid making the same mistake again in the future. ...
alvarez/E+ via Getty Images My Investing Philosophy I like dividend-paying stocks that have a history of raising the dividend consistently, year after year. I also like finding stocks that are currently out of favor, either due to macro events or temporary (but reversible) mistakes by management once they have learned the lesson and are likely to avoid making the same mistake again in the future. I believe today’s subject company, Perrigo ( PRGO ), fits that definition. With a 12% dividend yield and a P/E of 4.3, it looks like a bargain. So, I did some research to find out why it looks so tempting because many times a company’s yield is high and the P/E is low because it could be going out of business. But this is a stock I believe will rebound eventually, and a patient investor could reap outsized gains while collecting that rising dividend. I also tend to hold stocks until the company changes its business model (unfavorably, in my opinion), cuts its dividend, or becomes ridiculously overvalued. In each case, I sell and look for a better option. Otherwise, I like to hold stocks forever and let the miracle of compounding and reinvesting dividends do most of the heavy lifting of growing my portfolio and income for me. Company Background Perrigo is an OTC (Over-The-Counter) maker of store-brand drugs, infant formula, and animal health products. It operates with two divisions: Consumer Self-Care Americas and Consumer Self-Care International. The company sells thousands of store-branded OTC products, with Walmart accounting for almost 13% of sales. I like to find companies that have a competitive advantage within their respective industries. Perrigo is a low-cost leader, which enables it to be a valuable partner for discount retailers. Perrigo management tried to move upscale into a higher margin business and learned a difficult lesson. My expectation is that they will stick to what they know best and work on improving margins and volumes within their existing business ...
Like many Asian-Americans, US-born Tiffany Chin has faced her share of slights, including being treated as “other” or “foreign” and judged at times by her race rather than her accomplishments. Growing up outside Chicago, she recalls that in primary school her musical talents were attributed to her “Chinese genes”, and she was told, “you’re probably so good at maths because you’re Asian”. And as an...
Like many Asian-Americans, US-born Tiffany Chin has faced her share of slights, including being treated as “other” or “foreign” and judged at times by her race rather than her accomplishments. Growing up outside Chicago, she recalls that in primary school her musical talents were attributed to her “Chinese genes”, and she was told, “you’re probably so good at maths because you’re Asian”. And as an adult on a family trip to Florida, people gave her nasty looks when she went jogging, wondering...
Goldman, Morgan Stanley and 28 other banks reportedly lined up $40 to $60 billion in demand, pressuring Musk to move fast before rival IPOs drain the pool.
Goldman, Morgan Stanley and 28 other banks reportedly lined up $40 to $60 billion in demand, pressuring Musk to move fast before rival IPOs drain the pool.
This gasp-inducing documentary shows a man buzzing over the remarkable insects that bumble around his garden … and ended up changing his life Martin Dohrn likes bees. Big bees, small bees, angry bees, randy bees, bees with voluminous ruffs and calves like tiny Henry VIIIs – rare is the bee that Dohrn doesn’t deem worthy of … what, exactly? Appreciation? Or something more profound? “It’s hard to ex...
This gasp-inducing documentary shows a man buzzing over the remarkable insects that bumble around his garden … and ended up changing his life Martin Dohrn likes bees. Big bees, small bees, angry bees, randy bees, bees with voluminous ruffs and calves like tiny Henry VIIIs – rare is the bee that Dohrn doesn’t deem worthy of … what, exactly? Appreciation? Or something more profound? “It’s hard to explain,” says the veteran wildlife photographer, peering at us through his red-framed glasses while perched at his gadget-strewn kitchen table. “But I really feel for bees. They’re really … I mean, I could say they’re my friends.” Continue reading...
Key PointsThe indictment of Supermicro employees for allegedly exporting AI servers illegally to China shows some systemic vulnerabilities in the U.S. AI hardware supply chain.
Key PointsThe indictment of Supermicro employees for allegedly exporting AI servers illegally to China shows some systemic vulnerabilities in the U.S. AI hardware supply chain.
Gli Azzurri start favourites in the World Cup playoff on Thursday but Michael O’Neill says his young team will show no fear The shorter wait is the one worthy of considerably more attention. Four decades have passed since Northern Ireland appeared at a World Cup, then for the second time in succession. Any disappointment at finishing third in a group also involving Brazil and Spain was offset by h...
Gli Azzurri start favourites in the World Cup playoff on Thursday but Michael O’Neill says his young team will show no fear The shorter wait is the one worthy of considerably more attention. Four decades have passed since Northern Ireland appeared at a World Cup, then for the second time in succession. Any disappointment at finishing third in a group also involving Brazil and Spain was offset by hope of an imminent return. There has been no further seat at international football’s top table. Italy’s World Cup hiatus involves failure to qualify in 2018 and 2022 (their previous two experiences were only marginally less miserable). For four-time winners of the tournament and a nation obsessed with the sport, this constitutes an affront. It brings intense pressure. One of Italy and Northern Ireland will retain the aspiration of 2026 participation when the full-time whistle shrieks in Bergamo on Thursday night. Continue reading...
Dougal Waters Wall Street’s major market averages closed higher on Wednesday as the U.S. reportedly sent Iran a 15-point plan to end the war in the Middle East. The blue-chip Dow ( DJI ) finished higher by +0.6%. At the same time, the benchmark S&P 500 ( SP500 ) ended up +0.5%, and the tech-focused Nasdaq Composite ( COMP:IND ) pushed higher by +0.7%. Here are the three stocks to watch after marke...
Dougal Waters Wall Street’s major market averages closed higher on Wednesday as the U.S. reportedly sent Iran a 15-point plan to end the war in the Middle East. The blue-chip Dow ( DJI ) finished higher by +0.6%. At the same time, the benchmark S&P 500 ( SP500 ) ended up +0.5%, and the tech-focused Nasdaq Composite ( COMP:IND ) pushed higher by +0.7%. Here are the three stocks to watch after market: Driven Brands ( DRVN ) rose 1.6% in after-hours trading after activist investor Adam Wyden’s hedge fund ADW Capital, which holds a 2.5% stake, pushed the automotive service provider to explore a sale or breakup. In a letter to the board, Wyden called for an immediate strategic review and criticized private-equity owner Roark Capital, which holds a 60% stake, for mismanaging the business while being distracted by its food brands including Dunkin’ and Arby’s. Eldorado Gold ( EGO ) is in focus after proxy advisory firm Institutional Shareholder Services recommended shareholders vote to approve the issuance of shares in connection with the company’s proposed acquisition of Foran Mining ( FMCXF ). The deal values the Canadian copper-focused developer at approximately C$3.8 billion. FibroBiologics ( FBLG ) announced its board approved a 1-for-20 reverse stock split to regain compliance with Nasdaq Capital Market minimum bid price requirements. The split takes effect March 30, reducing outstanding shares to approximately 3.5 million from roughly 70.3 million. More on related stocks Eldorado Gold Corporation (ELD:CA) Q4 2025 Earnings Call Transcript Eldorado Gold Corporation 2025 Q4 - Results - Earnings Call Presentation Eldorado Gold Corporation (ELD:CA) M&A Call Transcript Activist investor pushes Driven Brands to explore a sale - WSJ FibroBiologics to implement 1-for-20 reverse stock split to meet Nasdaq requirement
S&P Global Energy President Dave Ernsberger discusses the 'massive but delayed' effects the war in Iran is having on the global energy market, saying that physical markets are bearing the brunt now, but futures markets will start feeling the pressure next. He talks with Romaine Bostick and Katie Greifeld on "The Close." (Source: Bloomberg)
S&P Global Energy President Dave Ernsberger discusses the 'massive but delayed' effects the war in Iran is having on the global energy market, saying that physical markets are bearing the brunt now, but futures markets will start feeling the pressure next. He talks with Romaine Bostick and Katie Greifeld on "The Close." (Source: Bloomberg)
The White House says peace talks with Iran are ongoing, but Tehran says that's not the case. Bloomberg's Michelle Jamrisko reports. (Source: Bloomberg)
The White House says peace talks with Iran are ongoing, but Tehran says that's not the case. Bloomberg's Michelle Jamrisko reports. (Source: Bloomberg)
JHVEPhoto Jefferies Financial Group ( JEF ) fiscal Q1 earnings continued to reflect write-offs from some of its investments as it winds down its merchant banking portfolio. Meanwhile, Q1 revenue topped the Wall Street consensus as investment banking revenue benefited from a surge in equity underwriting and strength in advisory revenue. The company also said its board increased its share repurchase...
JHVEPhoto Jefferies Financial Group ( JEF ) fiscal Q1 earnings continued to reflect write-offs from some of its investments as it winds down its merchant banking portfolio. Meanwhile, Q1 revenue topped the Wall Street consensus as investment banking revenue benefited from a surge in equity underwriting and strength in advisory revenue. The company also said its board increased its share repurchase authorization back to a total of $250M after it bought back $174M of shares in its fiscal Q1. Jefferies ( JEF ) stock rose 0.6% in after-hours trading on Wednesday. Q1 EPS from continuing operations of $0.70 , lagging the $0.91 consensus, increased from $0.57 in last year’s Q1. During the most recent quarter, the company took a $36M non-cash writedown of goodwill associated with the announced sale of Tessellis and $17M of losses related to Market Financial Solutions and First Brands. Jefferies ( JEF ) said its direct exposure to First Brands, the auto parts firm that collapsed last September, is now zero. "We made progress in the further wind-down of our legacy merchant banking portfolio, with the announced sale of Tessellis," said CEO Richard Handler and President Brian Friedman. "We expect this transaction to close in the first quarter of 2027. Going forward, our financial results will increasingly reflect our core business activities." Revenue for the quarter ended Jan. 31, 2026, was $2.02B, vs. the $1.98B consensus, up 27% from $1.59B in the year-ago period. Investment banking net revenue rose to $1.02B from $701M in Q1 2025, with equity underwriting increasing 138% to $306M and debt underwriting declining 8.8% to $182M. Advisory net revenue of $527M jumped 33% Y/Y on increased deal volumes across several sectors. Total capital markets revenue of $779M logged a 12% Y/Y increase. Asset management fees and investment return revenues were $159M, up 91% compared with the prior year quarter. Q1 total noninterest expense of $1.80B vs. $1.44B a year ago. The compensation rati...
International Seaways (NYSE:INSW) reported a sale by its Chief Accounting Officer, James D. Small III, who disposed of 20,000 shares of common stock for a transaction value of roughly $1.5 million, as disclosed in an SEC Form 4 filing . Transaction value based on SEC Form 4 reported price ($75.37); post-transaction value based on the March 24, 2026, closing price ($73.15). * 1-year performance is ...
International Seaways (NYSE:INSW) reported a sale by its Chief Accounting Officer, James D. Small III, who disposed of 20,000 shares of common stock for a transaction value of roughly $1.5 million, as disclosed in an SEC Form 4 filing . Transaction value based on SEC Form 4 reported price ($75.37); post-transaction value based on the March 24, 2026, closing price ($73.15). * 1-year performance is calculated using March 24, 2026, as the reference date. Continue reading
Blackstone Inc. ’s flagship private credit fund has sold a new collateralized loan obligation deal, finding enough demand for the debt to boost its size by $50 million, according to a person familiar with the matter. The fund, known as BCRED, was able to upsize the bond sale to about $450 million , from $400 million, the person said, declining to be identified discussing private details. Unlike mo...
Blackstone Inc. ’s flagship private credit fund has sold a new collateralized loan obligation deal, finding enough demand for the debt to boost its size by $50 million, according to a person familiar with the matter. The fund, known as BCRED, was able to upsize the bond sale to about $450 million , from $400 million, the person said, declining to be identified discussing private details. Unlike most CLOs, the deal is a so-called “static” transaction, with cash flows from a fixed pool of loans rather than an actively traded portfolio. The largest portion of the offering, rated AAA, was sold to investors at a premium of 1.28 percentage point over a floating interest-rate benchmark. That’s a similar risk premium to previous CLOs issued by BCRED. Blackstone first planned the transaction months ago, Bloomberg previously reported . The increase in the size of the offering indicates that despite concerns about the risks in private credit, institutional investors are still happy to invest in deals backed by pools of those loans. BCRED and other private credit retail funds, known as business development companies, have been contending with surging requests for redemptions from retail investors as concerns deepen over exposure to vulnerable industries such as software.
Judges praised the ‘emotional stakes’ of Partridge Boswell’s poem The Gathering, which took the £5,000 top prize A poem about language, love, and processing distressing world events has won this year’s £5,000 National Poetry Competition. The Gathering by Partridge Boswell was picked from more than 21,000 entries by poets in 113 countries. The poem came from Boswell’s attempt to make sense of globa...
Judges praised the ‘emotional stakes’ of Partridge Boswell’s poem The Gathering, which took the £5,000 top prize A poem about language, love, and processing distressing world events has won this year’s £5,000 National Poetry Competition. The Gathering by Partridge Boswell was picked from more than 21,000 entries by poets in 113 countries. The poem came from Boswell’s attempt to make sense of global suffering, state violence and war. He describes how he “followed the media for a long while, writing elegies, parodies and rants” to make sense of his “discomfort and disbelief”, and the emotional burden this entails. Continue reading...