AKart Design Two Harbors Investment ( TWO ) board's ad hoc committee said that CrossCountry Mortgage's unsolicited proposal to acquire the mortgage servicing rights-focused REIT constitutes a “superior” proposal to the merger agreement it had previously reached with UWM Holdings ( UWMC ), according to a company statement on Monday. CrossCountry Mortgage (CCM) would pay $10.70 per share in cash plu...
AKart Design Two Harbors Investment ( TWO ) board's ad hoc committee said that CrossCountry Mortgage's unsolicited proposal to acquire the mortgage servicing rights-focused REIT constitutes a “superior” proposal to the merger agreement it had previously reached with UWM Holdings ( UWMC ), according to a company statement on Monday. CrossCountry Mortgage (CCM) would pay $10.70 per share in cash plus the $25.4M termination fee that Two Harbors ( TWO ) would be required to pay to UWMC to end their merger agreement. During a "match right period," UWMC has proposed revised terms, and UWMC and Two Harbors ( TWO ) are in talks regarding the revised terms. Additionally, the REIT received an unsolicited proposal from another third party, offering $10.75 per share plus the termination fee, that " could reasonably be expected to lead to a 'Company Superior Proposal' under the UWMC merger agreement," Two Harbors said. Two Harbors ( TWO ) stock climbed 4.6% to $11.20 in premarket trading on Monday. UWM Holdings ( UWMC ) stock gained 2.0%. Because of the recent developments, Two Harbors ( TWO ) has postponed its special meeting of stockholders to April 7, 2026. The UWMC merger agreement remains in effect. There's no guarantee that the process will result in Two Harbors ( TWO ) entering into an amended agreement with UWM Holdings ( UWMC ), terminating the UWMC agreement, or entering a definitive agreement with CCM or any other party, the company said. UWMC and TWO originally agreed to an all-stock transaction in December. More on Two Harbors Investment Two Harbors: New Takeover Offer Provides A Lifeline Two Harbors Investment Corp. 2025 Q4 - Results - Earnings Call Presentation Two Harbors: Tepid Book Value Growth, Underwhelming Earnings (Downgrade) Two Harbors gets all-cash proposal, competing with UWM Holdings deal Two Harbors adjourns meeting to solicit more votes on merger with UWM Holdings
Steve Ballmer once shared how Charlie Munger bluntly questioned his decision to hold Microsoft stock. Munger's Blunt Question Put Ballmer On The Spot Speaking on the Acquired podcast in 2025, Ballmer recalled a candid exchange during a country club Q&A session in Los Angeles, where Munger didn't hold back. "Steve, you know, I'm wondering why you held on to your Microsoft stock when your partners o...
Steve Ballmer once shared how Charlie Munger bluntly questioned his decision to hold Microsoft stock. Munger's Blunt Question Put Ballmer On The Spot Speaking on the Acquired podcast in 2025, Ballmer recalled a candid exchange during a country club Q&A session in Los Angeles, where Munger didn't hold back. "Steve, you know, I'm wondering why you held on to your Microsoft stock when your partners over there didn't," Munger said. "I know you're not that smart." The remark, characteristic of Munger's famously direct style, drew laughs — but also underscored a serious investing principle. Don't Miss: ‘I'm Loyal,' Ballmer Fired Back Ballmer said his response was simple: "No, Charlie, but I'm loyal." Unlike some early Microsoft insiders, including Bill Gates, who diversified portions of their holdings over time, Ballmer chose to hold on to most of his stake in the company he joined in 1980 as employee No. 30. For Ballmer, the decision wasn't purely financial. "It's sort of a from-the-heart kind of thing," he said, adding that even in a worst-case scenario, "me and my family, we can live … I'm OK either way it goes." Trending: This Startup Thinks It Can Reinvent the Wheel — Literally Charlie Munger Slams Diversification Strategy Munger, the longtime business partner of Warren Buffett, once told shareholders that his family's entire portfolio was concentrated in just three major investments. While many financial advisors highlight diversification — spreading money across stocks, mutual funds and ETFs to limit risk — Munger argued that such a strategy isn't necessary for investors who truly understand their positions. "Diversification is a rule for those who don't know anything," he said, adding that Buffett refers to them as "know-nothing investors." See Also: 1.5 Million Users Are Already Working Inside This AI Platform — Investors Can Still Get In A Risk That Turned Into A $125 Billion Fortune Today, Ballmer is worth more than $125 billion, according to Forbes, with much ...
Will Wilson wants to make sure the software running everything from your bank account to your favorite crypto exchange actually works—and his company Antithesis is rethinking how software has been tested for the last 80 years. Wilson, the co‑founder and CEO of Antithesis, first made his name at FoundationDB, a company that created special testing systems that let teams safely rehearse years of r...
Will Wilson wants to make sure the software running everything from your bank account to your favorite crypto exchange actually works—and his company Antithesis is rethinking how software has been tested for the last 80 years. Wilson, the co‑founder and CEO of Antithesis, first made his name at FoundationDB, a company that created special testing systems that let teams safely rehearse years of real‑world problems in a fake environment, to catch bugs before customers ever saw them (FoundationDB was acquired by Apple in 2015). That idea—stress‑testing code inside a simulated universe where everything that can go wrong does—is now the core of Antithesis, a deterministic simulation testing platform that runs fully automated, parallel tests that can compress years of production behavior into hours. “Software increasingly controls literally everything,” Wilson told Fortune, pointing to financial markets, banking websites, smartphones, and even nuclear power plants. The traditional model of writing code and then trying to think of every possible edge case “is totally broken,” he argued, because failures come from situations engineers did not anticipate. Antithesis runs customer systems in a controlled simulation where hardware failures, network glitches, and bizarre timing issues are constantly injected to see how the software behaves. That pitch has resonated with some of the most demanding buyers in finance and crypto. Antithesis is already used by organizations whose systems “cannot fail,” including quantitative trading giant Jane Street (also one of its lead investors), the Ethereum network and MongoDB. In December 2025, the Northern Virginia–based startup announced a $105 million Series A, led by Jane Street—which is both an investor and a user—alongside Amplify Venture Partners, Spark Capital, Tamarack Global, First In Ventures, Teamworthy Ventures, Hyperion Capital and angels including Stripe cofounder Patrick Collison, Dwarkesh Patel and Sholto Douglas. The ...
A legend in the world of autosport, from an executive standpoint. That’s where we find Formula 1 CEO Stefano Domenicali. After rising through the financial and sporting ranks at Ferrari, he served as their Team Principal from 2008 to 2014, notably leading the Scuderia to a Constructors' Championship in 2008. Following a transformative stint as CEO of Lamborghini, where he oversaw the successful la...
A legend in the world of autosport, from an executive standpoint. That’s where we find Formula 1 CEO Stefano Domenicali. After rising through the financial and sporting ranks at Ferrari, he served as their Team Principal from 2008 to 2014, notably leading the Scuderia to a Constructors' Championship in 2008. Following a transformative stint as CEO of Lamborghini, where he oversaw the successful launch of the Urus SUV, he took the reins as CEO of Formula 1 in 2021. In his current role, Domenicali has been the chief architect of F1’s global expansion, successfully navigating the sport into a record-breaking 24-race calendar and spearheading the massive 2026 technical regulations reset. Domenicali drove up to the Opening Bid Unfiltered podcast mic with Yahoo Finance Executive Editor Brian Sozzi to chat about the surging sport that is Formula 1. The F1 brand has gotten a huge lift from the successful Netflix show ‘Drive to Survive and ever increasing amounts of Corporate America sponsorships. With seemingly all eyes on the sport – especially now with Cadillac added to the grid – Domenicali has his work cut out for him to keep the growth as hot as Lewis Hamilton lap time.
Jackie was on her way to a doctor’s appointment last fall when she realized her Uber driver’s eyes were not fully on the road. “He had a video playing on his phone and was intermittently looking at it,” she said. Jackie, who is 32 and lives in New Jersey, could not tell exactly what the driver was watching, but she remembers seeing shots of people talking – she guessed it was a video podcast. “I w...
Jackie was on her way to a doctor’s appointment last fall when she realized her Uber driver’s eyes were not fully on the road. “He had a video playing on his phone and was intermittently looking at it,” she said. Jackie, who is 32 and lives in New Jersey, could not tell exactly what the driver was watching, but she remembers seeing shots of people talking – she guessed it was a video podcast. “I was definitely feeling a lot of dread and distress.” As they continued on their 40-minute drive down the New Jersey Turnpike – a hectic highway that is not easy driving – Jackie considered saying something. But she felt vulnerable as a rider. “I was alone in a car with someone who was already doing something I found shocking and reckless,” she said. “I didn’t know how they were going to react.” Jackie, a publicist who asked that her last name be withheld for privacy reasons, made it to her appointment safely, but the experience rattled her. And it happened again just hours later. Since cellphones became ubiquitous, drivers have been texting behind the wheel, leading to awareness about “distracted driving”. Slogans such as “It can wait” or “Arrive alive, don’t text and drive” are blazed on highway billboards across the country, and 49 states and Washington DC have instated laws against it. (Montana is the one holdout.) But experts – and plenty of drivers, passengers and pedestrians – have clocked a new culprit: people watching videos, such as YouTube or TikTok, while driving. Earlier this month, a driver slammed into a parked police cruiser on a highway in Redwood City, California, narrowly missing an officer, who footage caught jumping out of the way just in time. The driver said he was watching videos on YouTube and failed to notice the scene ahead of him. “We see people reading, watching videos, watching a football game,” a spokesperson for the California highway patrol told the San Francisco Chronicle, warning drivers to “stay focused behind the wheel”. Fatalities from ca...
Six decades ago, pioneering oceanographer and conservationist Sylvia Earle made a bittersweet discovery while diving off Chile’s oceanic islands with the US National Science Foundation vessel, the Anton Bruun. She found the remains of a baby fur seal, one of the world’s most isolated aquatic mammals. Endemic to the Juan Fernández archipelago, in the Pacific Ocean, and once prized for its fur and m...
Six decades ago, pioneering oceanographer and conservationist Sylvia Earle made a bittersweet discovery while diving off Chile’s oceanic islands with the US National Science Foundation vessel, the Anton Bruun. She found the remains of a baby fur seal, one of the world’s most isolated aquatic mammals. Endemic to the Juan Fernández archipelago, in the Pacific Ocean, and once prized for its fur and meat, the species, Arctocephalus philippii, was believed to have been hunted to extinction in the 19th century. But, Earle said: “A baby must have a mum and dad somewhere.” A year after her find, a small colony of 20 endemic fur seals was confirmed on Robinson Crusoe Island, one of the archipelagos’ three islands, named after Daniel Defoe’s fictionalised tale of the real-life sailor Alexander Selkirk, who was marooned there from 1704 to 1709. View image in fullscreen Pioneering oceanographer and conservationist Sylvia Earle. Photograph: Andy Mann/Blue Marine Foundation The discovery was, she says, a “message of hope” and with it “the beginning of the turn-around” to protect the archipelago, a haven for endemic wildlife and a biological hotspot, against other human-made threats including industrial fishing and the climate crisis. Today, after decades of action by islanders and conservationists, including Earle who described it as a critical “Hope Spot” to protect marine life, the almost obliterated seal population has made a remarkable recovery. An estimated 200,000 fur seals now live around the islands, “returning them to their previous role as key members of the ecosystem” says Earle, now 90, who returned to the island to dive in December 2025. Last week, Earle and the 1,000-strong community of mainly lobster fishers were celebrating a new conservation win: earlier this month, in one of his last acts as the president of Chile, before José Antonio Kast was elected on 11 March, Gabriel Boric signed a historic agreement to extend protection of 337,000 sq km (130,000 sq miles) ...
Taiwan’s defence ministry has outlined a wartime strategy of using long-range firepower to “slow the advance” of People’s Liberation Army (PLA) forces in the event of a cross-strait assault The ministry report on Monday comes as lawmakers began formal discussions on a proposed NT$1.25 trillion (US$40 billion) special defence budget. The ministry said the military would prioritise targeting the inc...
Taiwan’s defence ministry has outlined a wartime strategy of using long-range firepower to “slow the advance” of People’s Liberation Army (PLA) forces in the event of a cross-strait assault The ministry report on Monday comes as lawmakers began formal discussions on a proposed NT$1.25 trillion (US$40 billion) special defence budget. The ministry said the military would prioritise targeting the incoming enemy – including amphibious fleets and logistics support forces – as they mobilised and moved across the Taiwan Strait, aiming to disrupt an attack before it reached the island’s shores. Advertisement The approach forms part of a broader “joint anti-landing operations” doctrine, designed to “deny, delay and degrade” PLA forces at every stage of a cross-strait assault, according to the procurement report tabled at the Legislative Yuan. It said Beijing was expected to combine long-range rocket strikes on Taiwan’s critical infrastructure with a large-scale amphibious operation, using warships and requisitioned civilian vessels to ferry troops across the strait. Advertisement Submarines and coastguard ships could also be deployed to enforce a blockade and cut off external support.
British police said on Monday they were investigating a suspected arson attack as an antisemitic hate crime, after volunteer ambulances run by a Jewish organisation were set on fire. Here is what we know about the setting alight of the four vehicles in London, in which no one was injured and Prime Minister Keir Starmer condemned as a “deeply shocking antisemitic arson attack”. What happened? The L...
British police said on Monday they were investigating a suspected arson attack as an antisemitic hate crime, after volunteer ambulances run by a Jewish organisation were set on fire. Here is what we know about the setting alight of the four vehicles in London, in which no one was injured and Prime Minister Keir Starmer condemned as a “deeply shocking antisemitic arson attack”. What happened? The London Fire Brigade said it was alerted to vehicles on fire at Highfield Court in Golders Green, a north London area with a substantial Jewish population, at 1.40am (0140 GMT). Advertisement Some 40 firefighters called to the scene found that multiple cylinders on the vehicles had exploded, breaking windows in an adjacent block. London’s Metropolitan Police force said the burnt vehicles were four Hatzalah ambulances belonging to the Jewish Community Ambulance service. Advertisement No injuries have been reported and all the fires have been put out, police added.
Public Policy ( PPHC ) announced on Monday that it has entered into a binding agreement for the acquisition of Westminster Policy Partners ( WPI Strategy) , a UK-based public affairs and economics consultancy. The company stated that WPI Strategy will become part of Pagefield Group, PPHC’s London -based strategic communications subsidiary, upon closing, which is expected on or around April 1, 2026...
Public Policy ( PPHC ) announced on Monday that it has entered into a binding agreement for the acquisition of Westminster Policy Partners ( WPI Strategy) , a UK-based public affairs and economics consultancy. The company stated that WPI Strategy will become part of Pagefield Group, PPHC’s London -based strategic communications subsidiary, upon closing, which is expected on or around April 1, 2026. All employees and advisers of WPI Strategy will transition as part of the acquisition, it added. In the twelve months to January 2026, WPI Strategy generated approximately £2.45 million of net revenue. The business intends to retain its trading brand and operate as the economics and policy consulting unit within Pagefield Group, and Nick Faith and Sean Worth will join Pagefield's Senior Leadership Team. Consistent with PPHC's acquisition strategy, the transaction is expected to be immediately earnings accretive and aligns with the group's target margin profile. Source: Press Release More on Public Policy Holding Company, Inc. Historical earnings data for Public Policy Holding Company, Inc. Financial information for Public Policy Holding Company, Inc.
Arsenal defender Ben White has been called up to the England squad for the first time in more than three years. The 27-year-old has not been involved since leaving the camp during the 2022 World Cup in Qatar for personal reasons. White then made himself unavailable for selection for the rest of Gareth Southgate's reign. England play friendlies against Uruguay on 27 March and Japan on 31 March at W...
Arsenal defender Ben White has been called up to the England squad for the first time in more than three years. The 27-year-old has not been involved since leaving the camp during the 2022 World Cup in Qatar for personal reasons. White then made himself unavailable for selection for the rest of Gareth Southgate's reign. England play friendlies against Uruguay on 27 March and Japan on 31 March at Wembley.
China has pledged to strengthen artificial intelligence (AI) security, including through a new data property rights framework, at a time when users and businesses are rapidly adopting the highly coveted but controversial OpenClaw On Monday, Liu Liehong, head of the National Data Administration, said security and compliance had become core challenges as AI spread across industry and daily life. Spe...
China has pledged to strengthen artificial intelligence (AI) security, including through a new data property rights framework, at a time when users and businesses are rapidly adopting the highly coveted but controversial OpenClaw On Monday, Liu Liehong, head of the National Data Administration, said security and compliance had become core challenges as AI spread across industry and daily life. Speaking at the China Development Forum , Liu cited challenges ranging from copyright disputes over training data and AI-generated content to security threats such as data poisoning – a type of cyberattack that manipulates AI models. Advertisement “To this end, we are establishing a robust data property rights framework that clearly defines rights and responsibilities for data supply, circulation and usage,” Liu said. “At the same time, we are advancing an integrated security governance solution that unifies data, technology and network safeguards, delivering the strong security foundation needed to scale AI applications responsibly.” Advertisement Security management for AI agents such as OpenClaw, Liu said, would follow the principles of “least privilege, proactive defence and continuous auditing”. He noted that addressing these challenges would require coordinated action from AI providers, end users and regulators.
One Beverly Hills, an ultra-luxury property set to combine a new Aman resort and the Beverly Hilton, secured $4.3 billion of construction financing in one of the biggest deals of its kind in the past decade. JPMorgan Chase & Co. is leading a $2.8 billion senior loan for the package while Vici Properties Inc. , a real estate investment trust, is providing a $1.5 billion mezzanine loan, according to...
One Beverly Hills, an ultra-luxury property set to combine a new Aman resort and the Beverly Hilton, secured $4.3 billion of construction financing in one of the biggest deals of its kind in the past decade. JPMorgan Chase & Co. is leading a $2.8 billion senior loan for the package while Vici Properties Inc. , a real estate investment trust, is providing a $1.5 billion mezzanine loan, according to a statement. One Beverly Hills — among the biggest private US construction projects that isn’t a data center — spans 17.5 acres (7 hectares) in the posh Los Angeles neighbor city. In addition to lodging, it will include Aman-branded residences, retail boutiques, a botanical garden and other amenities. The financing deal shows “that even in challenging markets, there is a flight to quality,” Jonathan Goldstein , chief executive officer of Cain , the project’s lead developer, said in an interview on Bloomberg Television. “Where you have a clear path to distinction, genuine differentiation, then capital will support you at scale.” Construction began in 2024 with the first phases, including the Aman hotel, expected to be complete ahead of the 2028 Los Angeles Olympics. The project will also include a renovation of the Beverly Hilton, which hosts the annual Golden Globe Awards and the Milken Institute Global Conference. The new loans refinance and upsize previously announced debt. JPMorgan’s portion earlier totaled $500 million, while Vici previously committed $300 million. JPMorgan will syndicate its debt with other lenders while retaining a significant share on its books, Goldstein said. Goldstein declined to provide specific figures on the prices or sales of the residences, which are the first offered by Aman on the West Coast. Because of California restrictions on the size of pre-sale deposits, potential buyers are being offered interest-paying bonds to reserve units and help the project raise money, Goldstein said. Nearby branded condos — the Rosewood Residences Beverly Hi...
Read Daniel Jones' article on Seeking Alpha! Follow Daniel Jones on Seeking Alpha! Join Crude Value Insights Today! This video's transcript was generated by a third party. It is not curated or reviewed and is provided for convenience and information purposes only. The accuracy and completeness of the transcript are not guaranteed. Past performance is no guarantee of future results. Content is offe...
Read Daniel Jones' article on Seeking Alpha! Follow Daniel Jones on Seeking Alpha! Join Crude Value Insights Today! This video's transcript was generated by a third party. It is not curated or reviewed and is provided for convenience and information purposes only. The accuracy and completeness of the transcript are not guaranteed. Past performance is no guarantee of future results. Content is offered for information purposes only. Unless stated otherwise, any and all individuals participating in the video are third parties that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Unless stated otherwise, the views or opinions expressed may not reflect those of Seeking Alpha as a whole. The accuracy and completeness of content shared cannot be guaranteed. Seeking Alpha does not take account of your objectives or financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker, US investment adviser, or investment bank. Nicole Benjamin : Hey, everybody. It's Nicole Benjamin, your host here at Seeking Alpha, to bring to you another episode of our new series Portfolio Pulse, where, as the name suggests, we're going to be keeping a pulse to all the big financial moves happening in the market. Now, for today’s episode, I am joined by none other than IG Leader, Daniel Jones, who's going to be helping us dive into all the things going on with YouTube, Google, Alphabet, all of that jazz. So, without further ado, Daniel, thank you so much for joining us today. Daniel Jones : Yes. Thank you so much for having me. I'm very excited. NB : Awesome. Well, Daniel, I want to ask, you've been on Seeking Alpha since 2014. Tell us a little bit about how you got into the finance world, what your background is, your investment philosophy, anything of that nature that our audience might really love to hear. DJ : Absolutely. So, I am a value i...
Photobuay/iStock via Getty Images Co-authored by Kody's Dividends Great dividend growth stocks are rarely defined by their starting yields alone. Instead, there are a few things that I look for as a dividend growth investor. These include the following: A proven track record of earnings growth (e.g., earnings growth just about every year out of 10, 15, or 20 years). This points to wide economic mo...
Photobuay/iStock via Getty Images Co-authored by Kody's Dividends Great dividend growth stocks are rarely defined by their starting yields alone. Instead, there are a few things that I look for as a dividend growth investor. These include the following: A proven track record of earnings growth (e.g., earnings growth just about every year out of 10, 15, or 20 years). This points to wide economic moats that protect earnings across business cycles. An investment-grade balance sheet. It's an important attribute because it provides a company with a low cost of capital, which makes it easier to allocate capital accretively to power future growth. A sustainable payout ratio for its industry. That offers a cushion for the dividend to grow through a temporary downturn in profitability. This brings us to the subject of today, UnitedHealth Group ( UNH ), which arguably possesses each of these characteristics. When I last covered it with a Buy rating in December , I thought it was positioned to return to growth soon. I also liked the A+ S&P credit rating. Sealing the deal, shares were priced below my fair value estimate. Three months later, I'm reaffirming my Buy rating. I believe that UNH's strategy to unlock cost savings through AI efficiencies, exiting unprofitable markets, and leaning into value-based care can return it to growth. The company's financial health remains sound. Lastly, its shares are now deeply undervalued following the recent pullback. The Recovery Remains On Track UnitedHealth Group Q4 2025 Earnings Press Release On January 27th, UNH shared its financial results for the fourth quarter ended December 31st, 2025. The company's total revenue rose by 12.3% over the year-ago period to $113.22 billion in the quarter. This came in $520 million short of Seeking Alpha's analyst consensus during the quarter. The driving force behind UNH's topline growth for the fourth quarter was premiums, which were up 16.1% year-over-year to $88.81 billion. That was largely due to ...
JHVEPhoto/iStock Editorial via Getty Images Bristol-Myers Squibb Company ( BMY ) has come under selling pressure recently, along with the State Street Health Care Select Sector SPDR ETF ( XLV ) and the S&P 500 Index ( SPX ). There’s a bit of the baby being thrown out with the bathwater, as $100-plus global oil prices amid the conflict in Iran have resulted in broad-based selling. But BMY sports on...
JHVEPhoto/iStock Editorial via Getty Images Bristol-Myers Squibb Company ( BMY ) has come under selling pressure recently, along with the State Street Health Care Select Sector SPDR ETF ( XLV ) and the S&P 500 Index ( SPX ). There’s a bit of the baby being thrown out with the bathwater, as $100-plus global oil prices amid the conflict in Iran have resulted in broad-based selling. But BMY sports one of the best dividend yields and free cash flow yields you’ll find in the U.S. large-cap universe. I had a "B uy" rating on the stock in Q4 last year , and after a solid fourth-quarter report and with a low valuation, I reiterate a "B uy" rating. Shares have outperformed since my December 2025 analysis, returning 7.2% compared to a notable 5.9% decline in the SPX. Today, I’ll provide a refreshed valuation and an updated look at the technicals. BMY Pulling Back With The Broader Market Stockcharts.com Back in January, BMY reported a solid set of quarterly results. Q4 non-GAAP EPS of $1.26 topped the Wall Street consensus target of $1.20, while revenue of $12.5 billion (up 1.6% from the same period a year earlier) was a material $220 million beat. The company offered 2026 guidance, including revenue expected to be in the $46.0 billion to $47.5 billion range and operating EPS between $6.05 to $6.35. Shares jumped 3.3% in the session that followed, marking a second consecutive winning day post-reporting. Looking ahead to the April 30 Q1 report, the options market prices in a moderate 4.7% earnings-related stock price swing based on the at-the-money straddle expiring soonest after the reporting date. Shares of the $117 billion large-cap healthcare stalwart feature a somewhat low 31% implied volatility, while short interest is only near 1%. Looking back on the quarter that was, Q4 and FY 2025 results underscored the firm’s transition to its Growth Portfolio . That segment’s net sales rose to $7.4 billion over the October through December stretch (+16% YoY) and tagged $26.4 billio...
shells1/E+ via Getty Images Introduction US junior mining company U.S. GoldMining ( USGO ) released the results of the Preliminary Economic Assessment (PEA) for its flagship Whistler project in early March, after nearly a year of exploration at the deposit. The study confirmed significant high-grade copper and gold porphyry deposits within Alaska's main mining belt, making USGO shares jump 20% on ...
shells1/E+ via Getty Images Introduction US junior mining company U.S. GoldMining ( USGO ) released the results of the Preliminary Economic Assessment (PEA) for its flagship Whistler project in early March, after nearly a year of exploration at the deposit. The study confirmed significant high-grade copper and gold porphyry deposits within Alaska's main mining belt, making USGO shares jump 20% on the same day of the announcement. However, in the following weeks, the price cooled again due to a general correction in the price of gold amid geopolitical uncertainty that also affected the entire stock market. Even so, USGO's stock is around 20% year-to-date and is now trading below its pre-PEA price despite strong financial support from Whistler's study. Given this scenario, I maintain a constructive outlook for USGO in the coming months as soon as the market stabilizes again. Macro Outlook: Drivers for Gold Remain Intact At the macro level, the context remains highly favorable for the upward trend in metals to continue despite corrections given the recent volatility seen in the US stocks. The expansion of the US list of critical minerals, including copper, an increased demand due to the energy transition, and the construction of new data centers to power AI are poised to encounter a copper market deficit in the coming years. This deficit stems from a drought of significant discoveries and a decline in exploration investment in recent years. Meanwhile, many of the drivers behind gold's rise over the past year persist, such as capital inflows into gold-backed ETFs and central bank purchases. This reinforces the expectation that gold prices will remain higher for longer, which has been key to mining companies achieving strong margin expansion over the past year. So as long as prices remain elevated well above costs or grow at a faster pace than them, mining companies would probably be more profitable than ever before. This, sooner or later, would renew somehow investors a...
Aaphakon Yusomsri/iStock via Getty Images To paraphrase Charles Dickens, for Japanese investors, these are the best of times, and these are the worst of times. Japan is once again drawing global attention. From anime and manga to philosophical concepts like Wabi-Sabi, Japanese culture is increasingly being embraced around the world. Combined with a weak Japanese yen, this has resulted in booming t...
Aaphakon Yusomsri/iStock via Getty Images To paraphrase Charles Dickens, for Japanese investors, these are the best of times, and these are the worst of times. Japan is once again drawing global attention. From anime and manga to philosophical concepts like Wabi-Sabi, Japanese culture is increasingly being embraced around the world. Combined with a weak Japanese yen, this has resulted in booming tourism , now Japan's second largest export, just behind autos. Equity valuations remain more reasonable than in some other major markets, and long-awaited market reforms and shareholder pressure have helped make corporate Japan more appealing to global investors. However, Japan remains deeply dependent on imported oil and LNG at a time when energy prices have skyrocketed and supply risks have become serious. Fiscal space is also limited. Tariffs and trade frictions threaten exporters, making a recession a likely outcome if energy prices don't decline soon. This is unfortunate for investors in Japan, as the country was finally experiencing an uptrend after years of muted performance. Most of the iShares MSCI Japan ETF ( EWJ ) gains of the past decade were delivered since late 2022. The total return over the past decade has been less than half that of the S&P 500 Index ( SP500 ). With EWJ trading at a Price/Earnings ratio of ~19x and the S&P 500 closer to 27x, there was some potential for EWJ to catch up. However, with the current macroeconomic environment, that is going to be difficult. Data by YCharts LNG and Oil Exposure Japan gets approximately 90% of its oil from the Middle East, which means it is one of the biggest casualties of the current conflict in the region. The effects are already visible. Some power plants have already been shut down, and petrochemical operations are scaling down production. This is despite the restart of some carbon burning electricity facilities and releases from oil reserves. Should the disruption last for months, the risk of demand destructi...
To unleash the vast potential of AI agents, Cisco is addressing three key pillars to securing the agentic workforce. First: Protecting the world from agents, ensuring they can only act as intended. Second: Protecting agents from the world, ensuring they can't be manipulated or corrupted. Third: Detecting and responding to AI incidents at machine speed and scale. In a recent Cisco survey of major e...
To unleash the vast potential of AI agents, Cisco is addressing three key pillars to securing the agentic workforce. First: Protecting the world from agents, ensuring they can only act as intended. Second: Protecting agents from the world, ensuring they can't be manipulated or corrupted. Third: Detecting and responding to AI incidents at machine speed and scale. In a recent Cisco survey of major enterprise customers, 85% reported experimenting with AI agents , but just 5% had moved agentic technology into production. "AI agents aren't just making existing work faster; they're a new workforce of co-workers that dramatically expand what organizations can accomplish," said Jeetu Patel, President and Chief Product Officer at Cisco . "Projects shelved for lack of resources are now within reach. The only limit is imagination, and security teams are the key to unlocking this opportunity by making the agentic workforce safe enough to trust." SAN FRANCISCO, March 23, 2026 /PRNewswire/ -- RSA CONFERENCE 2026 -- Cisco (NASDAQ: CSCO) today announced significant security innovations designed for the agentic AI ecosystem, where software no longer just answers questions—it acts. At RSA Conference 2026, Cisco is introducing solutions to address AI security issues and remove a top barrier to agent adoption. By establishing trusted identities, enforcing strict Zero Trust Access controls, hardening agents before deployment, enforcing guardrails at runtime, and giving security operations center (SOC) teams the tools to stop threats at machine speed, Cisco is building security into the foundation of the emerging AI economy. Cisco introduces DefenseClaw, an open source secure agent framework that automates security and inventory, with plans to integrate with NVIDIA OpenShell as the sandbox to eliminate manual steps and accelerate secure agent deployment. AI Defense: Explorer Edition democratizes AI safety and security by providing developers with self-serve tools to test model and applic...