The Philippines says grounding planes due to a shortage of jet fuel brought on by the war in Iran is a “distinct possibility,” according to President Ferdinand Marcos Jr. He speaks with Bloomberg's Haslinda Amin in Manila. (Source: Bloomberg)
The Philippines says grounding planes due to a shortage of jet fuel brought on by the war in Iran is a “distinct possibility,” according to President Ferdinand Marcos Jr. He speaks with Bloomberg's Haslinda Amin in Manila. (Source: Bloomberg)
UK police probe possible Iran link after Jewish charity ambulances set on fire toggle caption Alberto Pezzali/AP LONDON — Four ambulances belonging to a Jewish charity were set on fire early Monday in London in what British police are investigating as an antisemitic hate crime. Detectives are working to determine whether a claim of responsibility from a group with alleged links to Iran is authenti...
UK police probe possible Iran link after Jewish charity ambulances set on fire toggle caption Alberto Pezzali/AP LONDON — Four ambulances belonging to a Jewish charity were set on fire early Monday in London in what British police are investigating as an antisemitic hate crime. Detectives are working to determine whether a claim of responsibility from a group with alleged links to Iran is authentic. Though it has not been classified as a terrorist incident, counterterror officers have been put in charge of the investigation. No one was injured in the nighttime attack, which shattered windows in nearby homes and left the vehicles charred shells. "We are pursuing all lines of inquiry, including an online claim of responsibility by an Islamist group who have claimed other attacks across Europe and have potential Iranian state links," said Mark Rowley, chief of London's Metropolitan Police. Sponsor Message Religious and political leaders condemned what Prime Minister Keir Starmer called a "horrific" attack. "Antisemitism has no place in our society and it's really important that we all stand together at a moment like this," said Starmer, who met Jewish community leaders at 10 Downing St. on Monday to discuss the response to the attack. Officers were called to Golders Green, a north London neighborhood with a large Jewish population, after receiving reports of a fire, the Metropolitan Police force said. Four ambulances belonging to Hatzola Northwest, a volunteer organization that provides emergency medical response, were damaged, according to the London Fire Brigade. Oxygen cylinders on the vehicles exploded, breaking windows in an adjacent apartment block. Nearby homes were evacuated as a precaution. What appeared to be footage from a security camera showed three figures in black wearing hoods carrying a canister toward one of the ambulance before flames erupted around the vehicle. Police said they are looking for three suspects but no arrests have been made yet. Police...
Tesla notched its first increase in European monthly sales in more than a year, a boost for the EV maker as it faces competition from Chinese auto giant BYD to win over customers.
Tesla notched its first increase in European monthly sales in more than a year, a boost for the EV maker as it faces competition from Chinese auto giant BYD to win over customers.
By Wen-Yee Lee TAIPEI, March 24 (Reuters) - Chip designer Broadcom said it is seeing supply chain constraints, including capacity limits at its manufacturing partner TSMC, highlighting the ripple effects of soaring demand for AI chips on the broader tech industry. "We are seeing that TSMC is hitting (production capacity) limits," Natarajan Ramachandran, director of product marketing in Broadcom...
By Wen-Yee Lee TAIPEI, March 24 (Reuters) - Chip designer Broadcom said it is seeing supply chain constraints, including capacity limits at its manufacturing partner TSMC, highlighting the ripple effects of soaring demand for AI chips on the broader tech industry. "We are seeing that TSMC is hitting (production capacity) limits," Natarajan Ramachandran, director of product marketing in Broadcom’s Physical Layer Products division, told reporters on Tuesday, adding he would have described TSMC's capacity as "infinite" until a few years ago. "They will be increasing the capacity to 2027, but that has become a bottleneck, or that has kind of choked the supply chain in 2026," he said. TSMC did not immediately reply to an emailed request for comment. The Taiwanese firm, the world's main producer of advanced AI chips, said in January that capacity was tight, as the boom in AI infrastructure buildout has soaked up much of its advanced production lines. The world's largest contract chipmaker, whose major customers also include Nvidia and Apple - also said at the time that it was working hard to narrow the gap between supply and demand. Broadcom's Ramachandran said supply constraints extend beyond chips to various tech supply chains. "Even though there are multiple suppliers in the industry today ... there is definitely a supply constraint in the laser space,” he said, adding that printed circuit boards (PCBs) had also emerged as an "unexpected" bottleneck. Ramachandran said both Taiwanese and Chinese PCB suppliers are facing capacity constraints, contributing to longer lead times. He did not name the suppliers. Many customers are now entering long-term agreements with suppliers to secure capacity commitments for as long as three to four years, he said. The trend was underscored by memory chipmaker Samsung Electronics, which said last week that it is working with major customers to shift to longer contracts of three-to-five years. The move reflects customer...
Olga Novikova/iStock via Getty Images The U.S. has officially banned the import of new foreign-made Wi-Fi routers, citing national security concerns. The Federal Communications Commission (FCC) updated its “Covered List” to include foreign-made consumer routers. The restriction targets future models; existing stock and routers consumers already own can continue to be used and sold, avoiding an imm...
Olga Novikova/iStock via Getty Images The U.S. has officially banned the import of new foreign-made Wi-Fi routers, citing national security concerns. The Federal Communications Commission (FCC) updated its “Covered List” to include foreign-made consumer routers. The restriction targets future models; existing stock and routers consumers already own can continue to be used and sold, avoiding an immediate hard cutoff for current users. The step marks a significant escalation in Washington’s efforts to secure its digital infrastructure and reduce reliance on overseas technology. The foreign-made routers introduce “a supply chain vulnerability that could disrupt the U.S. economy, critical infrastructure, and national defense” and pose “a severe cybersecurity risk that could be leveraged to immediately and severely disrupt US critical infrastructure,” the FCC said in a statement. The impact will extend beyond Chinese players such as TP-Link , affecting U.S.-headquartered firms as well. Companies including Netgear ( NTGR ) , Eero ( AMZN ), and Google ( GOOG ) Nest design their products domestically but depend heavily on manufacturing bases in Asia. Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on Alphabet, NETGEAR, etc. Amazon May Have Just Solved Its Anthropic Problem With OpenAI And Nvidia Amazon: Deep Discount Makes Me Greedy Amazon Doesn't Deserve To Trade At These Prices Wells Fargo warms up to hyperscalers Smart TV Wars: EU broadcasters push for tougher oversight of big tech companies
Olga Novikova/iStock via Getty Images The U.S. has officially banned the import of new foreign-made Wi-Fi routers, citing national security concerns. The Federal Communications Commission (FCC) updated its “Covered List” to include foreign-made consumer routers. The restriction targets future models; existing stock and routers consumers already own can continue to be used and sold, avoiding an imm...
Olga Novikova/iStock via Getty Images The U.S. has officially banned the import of new foreign-made Wi-Fi routers, citing national security concerns. The Federal Communications Commission (FCC) updated its “Covered List” to include foreign-made consumer routers. The restriction targets future models; existing stock and routers consumers already own can continue to be used and sold, avoiding an immediate hard cutoff for current users. The step marks a significant escalation in Washington’s efforts to secure its digital infrastructure and reduce reliance on overseas technology. The foreign-made routers introduce “a supply chain vulnerability that could disrupt the U.S. economy, critical infrastructure, and national defense” and pose “a severe cybersecurity risk that could be leveraged to immediately and severely disrupt US critical infrastructure,” the FCC said in a statement. The impact will extend beyond Chinese players such as TP-Link , affecting U.S.-headquartered firms as well. Companies including Netgear ( NTGR ) , Eero ( AMZN ), and Google ( GOOG ) Nest design their products domestically but depend heavily on manufacturing bases in Asia. Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on Alphabet, NETGEAR, etc. Amazon May Have Just Solved Its Anthropic Problem With OpenAI And Nvidia Amazon: Deep Discount Makes Me Greedy Amazon Doesn't Deserve To Trade At These Prices Wells Fargo warms up to hyperscalers Smart TV Wars: EU broadcasters push for tougher oversight of big tech companies
The European Central Bank must be “very agile and vigilant” to keep prices in check as the Iran war brings stagflation risks closer, Governing Council member Boris Vujcic said. Vujcic — who’ll become ECB vice president in June — said officials are likely to know soon whether fallout from the fighting will require higher interest rates. He warned, though, that recent developments point to increasin...
The European Central Bank must be “very agile and vigilant” to keep prices in check as the Iran war brings stagflation risks closer, Governing Council member Boris Vujcic said. Vujcic — who’ll become ECB vice president in June — said officials are likely to know soon whether fallout from the fighting will require higher interest rates. He warned, though, that recent developments point to increasing dangers of elevated consumer-price growth accompanied by weak economic expansion. “We do not see stagflation but the risk is moving into the direction of stagflation,” the Croatian central-bank chief said in an interview in Zagreb. “How far we’ll get in that direction is very difficult to predict.” Policymakers including Bundesbank President Joachim Nagel have indicated that the ECB will need to consider raising borrowing costs at next month’s rate meeting as soaring energy costs start feeding into inflation. Vujcic is keeping an open mind. “It’s a long time in today’s world until April,” he said. “There’ll be a lot of new data and news” and “in such situations, everything is live.” New ECB projections have consumer prices up 2.6% in the euro area this year in a baseline scenario — far more than previously thought. In an extreme outcome where disruptions to oil and natural gas supplies persist, inflation would hit 6.3%. While “the option value of waiting a bit is high” right now, Vujcic said “we’re already departing from the baseline scenario toward worst-case scenarios.” He sees two options if the ECB decides higher borrowing costs are needed: Begin early and make successive small hikes, or begin a bit later and raise in larger increments. “It’s better to start with a smaller move and then follow what’s going on,” Vujcic said. “For the time being, I would say it’s too early to say, but we will soon know whether we will have to act or not,” he said. Markets foresee as many as three quarter-point increases in the deposit rate this year from its current level of 2%. Economi...
The S&P Global Australia Manufacturing PMI decreased to 50.1 in March 2026 from 51.0 in February, indicating nearly stable conditions in the sector. This change was due to a slight drop in output and the first decline in new orders since July 2024, although export demand rose sharply. The S&P Global Flash Australia Services PMI Business Activity Index fell to 46.6 in March from 52.8 in February, m...
The S&P Global Australia Manufacturing PMI decreased to 50.1 in March 2026 from 51.0 in February, indicating nearly stable conditions in the sector. This change was due to a slight drop in output and the first decline in new orders since July 2024, although export demand rose sharply. The S&P Global Flash Australia Services PMI Business Activity Index fell to 46.6 in March from 52.8 in February, marking the first contraction in over two years. This decline was driven by a significant decrease in services activity and a drop in new business. Additionally, the S&P Global Flash Australia Composite PMI fell to 47.0 in March from 52.4 in February, signaling a contraction after eighteen months. The S&P/ASX 200 Index climbed 1.2% to 8,464 on Tuesday, snapping a three-session losing streak and rebounding from a ten-month low reached in the prior session. The Australian dollar weakened to around $0.69 on Tuesday, erasing gains from the previous session. Investors are now eyeing Wednesday’s inflation report for clues on the monetary policy outlook amid uncertainties stemming from ongoing Middle East tensions. More on Australia: EWA: Australian Financials May Struggle With A Flattening Yield Curve EWA: Potentially Range Bound, Given The Mix Of Tailwinds And Headwinds Australia's unemployment rate rises to 4.3% in February Odds of ECB rate hike rise amid Iran conflict-driven oil shock Seeking Alpha’s Quant Rating on iShares MSCI Australia ETF
(RTTNews) - The Progressive Corp. (PGR), an insurance holding company, on Monday, priced a $1.5 billion senior notes offering in an underwritten public offering. The offering includes $500 million of 4.60% senior notes due 2031, priced at 99.987% of par, and $1 billion of 5.15% senior notes due 2036, priced at 99.676% of par. The company is issuing the notes under an effective shelf registration s...
(RTTNews) - The Progressive Corp. (PGR), an insurance holding company, on Monday, priced a $1.5 billion senior notes offering in an underwritten public offering. The offering includes $500 million of 4.60% senior notes due 2031, priced at 99.987% of par, and $1 billion of 5.15% senior notes due 2036, priced at 99.676% of par. The company is issuing the notes under an effective shelf registration statement filed in May 2024. On Monday, the Progressive Corp. closed trading 0.44% lesser at $205.10 on the New York Stock Exchange. In the overnight, the stock further traded 0.51% lesser at $204.05. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Editor's note: Seeking Alpha is proud to welcome Jaden Mealy as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » Sundry Photography/iStock Editorial via Getty Images Thesis 10x Genomics ( TXG ) is undervalued, as i...
Editor's note: Seeking Alpha is proud to welcome Jaden Mealy as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » Sundry Photography/iStock Editorial via Getty Images Thesis 10x Genomics ( TXG ) is undervalued, as investors continue to misinterpret a cyclical slowdown in instrument demand and current profitability issues as a structural weakness, while high-margin consumables ( over 80% of revenue ) continue to grow and signal strengthening underlying demand and an underappreciated "pole position" in single-cell biology markets. The market is currently focusing on short-term revenue contraction rather than the long-term shift toward higher-quality revenue streams. For these reasons, I rate the stock a BUY with ~18-20% upside as the company transitions to a recurring, cash-generative model. Company Overview & Operating Segments 10x Genomics manufactures technology focused on enabling high-resolution biological analysis within single-cell and spatial biology. Its tools, used widely across spaces such as academic research and biotechnology, can be split into 3 streams: Instruments: Single-sale instruments such as the Chromium X series provide platforms for companies to perform large-scale cell experiments and automate barcoding of individual DNA or RNA. Consumables: Specialized reagent kits , microfluidic chips, and other accessories designed for Chromium controllers and other instruments to be used in single-cell experiments, transforming cells into gene-sequencing-ready libraries. Software: Bioinformatic tools designed to process, analyze, and visualize data gathered by proprietary hardware, transforming raw data into usable and quantifiable results. The company operates in such a way as to first expand its instrument base, saturating the market with proprietary and sticky equipment, a...
Micron Technology (MU) stock has fallen by 12.4% in less than a month, from $461.73 on 18th Mar, 2026 to $404.35 now. Should you buy this dip? Dip buying is a viable strategy for quality stocks that have a history of recovering from dips. As it turns out, MU stock passes basic quality checks. Historically, the median return for the 12-month period following sharp dips was 26% , with median peak re...
Micron Technology (MU) stock has fallen by 12.4% in less than a month, from $461.73 on 18th Mar, 2026 to $404.35 now. Should you buy this dip? Dip buying is a viable strategy for quality stocks that have a history of recovering from dips. As it turns out, MU stock passes basic quality checks. Historically, the median return for the 12-month period following sharp dips was 26% , with median peak return reaching 49%. We define sharp dip as stock going down 20% or more, in less than 30 day period. Below, we get into details of historical dips and subsequent returns. Trefis: MU Stock Insights Historical Median Returns Post Dips Period Past Median Return 1M 0.9% 3M 2.7% 6M -2.0% 12M 26.5% Historical Dip-Wise Details MU had 20 events since 1/1/2010 where the dip threshold of -20% within 30 days was triggered 49% median peak return within 1 year of dip event median peak return within 1 year of dip event 339 days is the median time to peak return after a dip event days is the median time to peak return after a dip event -25% median max drawdown within 1 year of dip event 30 Day Dip MU Subsequent Performance Date MU SPY 1Y Peak Return Max Drop # Days to Peak Median 26% 49% -25% 339 4032025 -28% -12% 445% 522% -13% 349 12192024 -22% -1% 240% 207% -25% 365 7252024 -20% 1% 7% 19% -40% 334 12282022 -20% -4% 75% 79% 0% 363 9262022 -25% -14% 41% 52% 0% 242 6162022 -25% -15% 23% 36% -11% 344 4132022 -22% 2% -13% 4% -32% 50 3092020 -20% -17% 94% 106% -25% 357 5202019 -20% -2% 30% 73% -6% 275 12192018 -21% -8% 74% 74% -8% 365 9122018 -21% 3% 21% 21% -30% 364 4242018 -21% -5% -9% 33% -38% 35 12162015 -21% -1% 44% 47% -32% 358 6262015 -26% -1% -38% 2% -51% 21 10242012 -20% -2% 223% 258% 0% 348 4132012 -20% 0% 35% 45% -26% 362 10262011 -24% 5% 4% 62% -5% 125 6062011 -22% -4% -38% 0% -52% 0 7292010 -21% -1% -5% 52% -17% 203 5262010 -23% -12% 11% 36% -26% 267 Micron Technology Passes Basic Financial Quality Checks Revenue growth, profitability, cash flow, and balance sheet strength need t...
(RTTNews) - Gilead Sciences Inc. (GILD), on Monday, entered into a definitive agreement to acquire privately held Ouro Medicines. The deal includes $1.675 billion in upfront cash, with up to $500 million in additional milestone payments, and aims to strengthen the company's inflammation and autoimmune disease portfolio. The acquisition adds OM336 or gamgertamig, a clinical-stage BCMAxCD3 T cell en...
(RTTNews) - Gilead Sciences Inc. (GILD), on Monday, entered into a definitive agreement to acquire privately held Ouro Medicines. The deal includes $1.675 billion in upfront cash, with up to $500 million in additional milestone payments, and aims to strengthen the company's inflammation and autoimmune disease portfolio. The acquisition adds OM336 or gamgertamig, a clinical-stage BCMAxCD3 T cell engager designed for rapid and deep B cell depletion following a limited treatment course. The therapy is currently being evaluated in Phase 1/2 studies for autoimmune hemolytic anemia and immune thrombocytopenia, with plans to enter registrational studies in 2027. The company said OM336 has shown strong early efficacy and a differentiated safety profile after a single treatment cycle, with potential to enable durable immune reset and drug-free remission in certain patients. Additionally, the company is in advanced discussions with Galapagos NV (GLPG) for a potential research and development collaboration related to the acquired assets. Under the proposed collaboration, Galapagos would fund 50% of the upfront and milestone payments and take on most of Ouro's operations and employees. The development costs for OM336 would be borne by Galapagos through registrational studies, after which both companies would share costs equally. Gilead would retain global commercialization rights, excluding Greater China, and would pay Galapagos royalties ranging from 20% to 23% of net sales. On Monday, Gilead Sciences closed trading 0.09% higher at $137.34 on the Nasdaq. In the overnight trading, Gilead Sciences traded 0.09% lesser at $137.21. On Monday, Galapagos closed trading 0.34% lesser at $31.90 on the Nasdaq. In the after-hours, Galapagos traded 0.31% higher at $32. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.