Washington's Joint Operation Against ISIS In Nigeria Sends A Message To The Sahelian Alliance Authored by Andrew Korybko via Substack, The scenario of a US-backed Nigerian anti-terrorist intervention in Mali is becoming increasingly likely. Trump announced over the weekend that the US and Nigeria carried out a joint operation against ISIS’ second-highest figure, which his counterpart Bola Ahmed Ti...
Washington's Joint Operation Against ISIS In Nigeria Sends A Message To The Sahelian Alliance Authored by Andrew Korybko via Substack, The scenario of a US-backed Nigerian anti-terrorist intervention in Mali is becoming increasingly likely. Trump announced over the weekend that the US and Nigeria carried out a joint operation against ISIS’ second-highest figure, which his counterpart Bola Ahmed Tinubu disclosed took place in the northeast Lake Chad Basin where its ally Boko Haram recently killed over 20 Chadian troops . This is the US’ second military operation in Nigeria after Trump authorized bombing ISIS in Northwest Nigeria on Christmas Day, thus demonstrating the continued expansion of its anti-terrorist cooperation with this new BRICS partner . The significance of this observation shouldn’t be downplayed since it also sends a message to the Sahelian Alliance, whose de facto Malian leader is embroiled in its own anti-terrorist struggle after radical Islamists and Tuareg separatists kicked the government out of the northeast earlier this month. Although Mali is allied with neighboring Burkina Faso and Niger, the latter of which borders Northern Nigeria where the US struck terrorists twice in less than six months, neither have come to its rescue. That’s because they too are embroiled in their own anti-terrorist struggles against the same radical Islamists in Burkina Faso’s case, “Jamaat Nusrat al-Islam wal-Muslimin” (JNIM), and ISIS in Niger’s. These groups importantly occupy most of their border with Mali as well, thus impeding joint military operations even if they were greenlit. Recently, Nigeria intimated that it might intervene in Mali, and French media revealed that their country is already involved there. Here are three background briefings: * 26 December 2025: “ Why’d Trump Bomb ISIS In Nigeria On Christmas? ” * 3 May 2026: “ The Latest Malian Crisis Risks Spiraling Into A Regional War ” * 11 May 2026: “ French Media Confirmed That Paris Is Backing Ukrain...
According to a May 13, 2026, SEC filing , Delphi Financial Group increased its stake in Ellington Financial (NYSE:EFC) by 686,639 shares during the first quarter. The estimated transaction value, calculated using the quarter’s average closing price, was $8.73 million. The value of the position rose by $6.89 million quarter over quarter, reflecting both additional shares and changes in the stock pr...
According to a May 13, 2026, SEC filing , Delphi Financial Group increased its stake in Ellington Financial (NYSE:EFC) by 686,639 shares during the first quarter. The estimated transaction value, calculated using the quarter’s average closing price, was $8.73 million. The value of the position rose by $6.89 million quarter over quarter, reflecting both additional shares and changes in the stock price. Ellington Financial is a real estate investment trust specializing in mortgage and consumer credit assets, focused on generating stable income through diversified investment strategies. The company leverages deep expertise in structured finance and credit markets to manage risk and capitalize on opportunities across various asset classes. Delphi Financial Group recently acquired a significant additional stake in Ellington Financial. The company was already one of its largest holdings, but this move raises it from a No. 7 to No. 6 spot, indicating that it already thought highly of Ellington’s prospects and continues to do so. Continue reading
Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Causeway Capital Management LLC, managed by Sarah Ketterer, recently executed a significant transaction involving Taiwan Semiconductor Manufacturing Company Limited ((TSM)). The hedge fund reduced its pos...
Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Causeway Capital Management LLC, managed by Sarah Ketterer, recently executed a significant transaction involving Taiwan Semiconductor Manufacturing Company Limited ((TSM)). The hedge fund reduced its position by 3,249 shares. Recent Updates on Taiwan Semiconductor Manufacturing Company Limited stock TSMC shares have recently pulled back about $7–$9 from record highs to roughly $395–$404, with options turning moderately bearish and volatility elevated as hedge funds such as First Eagle, ARK, and Columbus Hill trimmed positions. Despite this, TSMC reported strong Q1 2026 results, filed cleanly reviewed SEC financials, raised a NT$7 dividend, approved over US$50B in global capex, and moved to pare its VIS stake while analysts maintain Buy/Outperform ratings with targets up to $490, citing AI and HPC demand. Spark’s Take on TSM Stock According to Spark, TipRanks’ AI Analyst, TSM is a Outperform. The score is driven primarily by exceptional profitability and a strong balance sheet, reinforced by upbeat guidance and AI/HPC-led demand. Technicals add support via a clear uptrend. Offsetting factors are a not-cheap valuation, capex-driven free-cash-flow conversion limits, and near-term margin dilution/packaging constraints highlighted on the earnings call. To see Spark’s full report on TSM stock, click here. More about Taiwan Semiconductor Manufacturing Company Limited YTD Price Performance: 37.76% Average Trading Volume: 13,579,614 Current Market Cap: $1866.3B Disclaimer & DisclosureReport an Issue
Investing.com -- Major memory-chip manufacturers are experiencing an unprecedented surge in profitability driven by runaway artificial intelligence demand, according to a Wall Street Journal report published on Saturday.
Investing.com -- Major memory-chip manufacturers are experiencing an unprecedented surge in profitability driven by runaway artificial intelligence demand, according to a Wall Street Journal report published on Saturday.
The State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEMKT:SPTM) and the iShares Core S&P Total U.S. Stock Market ETF (NYSEMKT:ITOT) both serve as foundational building blocks for long-term investors seeking total U.S. stock market coverage. The two ETFs track similar underlying indexes, resulting in overlapping portfolios that capture large-, mid-, and small-cap companies in a s...
The State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEMKT:SPTM) and the iShares Core S&P Total U.S. Stock Market ETF (NYSEMKT:ITOT) both serve as foundational building blocks for long-term investors seeking total U.S. stock market coverage. The two ETFs track similar underlying indexes, resulting in overlapping portfolios that capture large-, mid-, and small-cap companies in a single fund. Here’s how to decide on the right one for you. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading
Acrimony set aside at Tower festivities By Goeffrey Crothall This article was first published on May 18, 1990 Leaders of politics, finance and commerce from Hongkong and China converged on No 1 Garden Road last night to celebrate the official opening of the territory’s tallest building, the Bank of China Tower. The acrimony and terse exchanges of recent weeks were seemingly forgotten as smiles and...
Acrimony set aside at Tower festivities By Goeffrey Crothall This article was first published on May 18, 1990 Leaders of politics, finance and commerce from Hongkong and China converged on No 1 Garden Road last night to celebrate the official opening of the territory’s tallest building, the Bank of China Tower. The acrimony and terse exchanges of recent weeks were seemingly forgotten as smiles and handshakes abounded. Even the Chief Secretary, Sir David Ford, managed a smile as he was pushed...
Tensions between Malaysia and Norway heightened over a scrapped weapons deal as Oslo confirmed it had revoked export licenses tied to a naval strike missile system. Norway is limiting sales of its most sensitive defense technologies to its allies and closest partners, its Ministry of Foreign Affairs said in an email to Bloomberg News. That led to the revokement of certain licenses related to the e...
Tensions between Malaysia and Norway heightened over a scrapped weapons deal as Oslo confirmed it had revoked export licenses tied to a naval strike missile system. Norway is limiting sales of its most sensitive defense technologies to its allies and closest partners, its Ministry of Foreign Affairs said in an email to Bloomberg News. That led to the revokement of certain licenses related to the export of specific defense technology to Malaysia, it said. “This is solely due to Norway’s application of the export control regulations, and it is regrettable that this affects Malaysia,” it said. Malaysian Prime Minister Anwar Ibrahim on Thursday slammed Norway’s move, warning it could damage confidence in European defense suppliers. Anwar said he raised the country’s “vehement objection” during a phone call with Norwegian Prime Minister Jonas Gahr Store , after Oslo blocked delivery of the naval missile system and launcher components intended for Malaysia’s littoral combat ship program. “The security policy landscape in Europe and globally has changed significantly in recent years,” Norway’s foreign ministry said in the email. “The government has therefore, over time, worked to strengthen controls on defense technology developed in Norway.” Although the deal was signed in 2011, the first LCS vessels were set to be delivered later this year. Costs have risen to 11.2 billion ringgit ($2.8 billion) from an initial 9 billion ringgit, even as the order was reduced from six ships to five. The news was earlier reported by the New Straits Times.
Weedezign/iStock via Getty Images I've long watched and admired the M&A-driven software operator Constellation Software ( CSU:CA ) ( CNSWF ) from the sidelines. Impressive company, unattractive valuation. However, after years of a steadily rising stock price, Constellation ran into turbulence in 2025. With the rise in AI-assisted coding tools, investors have become concerned about the possibility ...
Weedezign/iStock via Getty Images I've long watched and admired the M&A-driven software operator Constellation Software ( CSU:CA ) ( CNSWF ) from the sidelines. Impressive company, unattractive valuation. However, after years of a steadily rising stock price, Constellation ran into turbulence in 2025. With the rise in AI-assisted coding tools, investors have become concerned about the possibility that new competition will rapidly emerge across the software industry. Constellation historically traded at a lofty valuation multiple, making it more vulnerable to a swift correction if sentiment turned against the sector. Throw in the departure of Constellation's long-time CEO, and the stars aligned for a major drawdown. In fact, after many years of shares rising without hardly any pullbacks, Constellation stock has now dropped about 50 percent from the recent highs. They are now only modestly above where they traded back in 2022: Data by YCharts In January 2026, I decided that the drawdown had gone far enough and initiated a position in Constellation shares, marking my first ever investment in the company. Less than two months later, however, I decided that I had made a mistake, and I sold my position. What caused me to change my mind on CSU stock so quickly, and what is my outlook for Constellation's future? Potential Limits To Constellation's Model Constellation has acquired more than 1,000 different software businesses over the years. Most of these are tiny in scale, with revenues sometimes being as low as a few million dollars annually per entity. Constellation, in turn, runs these in a decentralized manner, with key employees retaining authority for decisions on an individual basis rather than being all organized out of corporate headquarters. Constellation decides where to allocate capital across the whole enterprise, but otherwise there is a lot of autonomy at an individual subsidiary level. This structure has worked wonders for the company in the past. However, t...
The Philippine government asked the Supreme Court to deny a petition by Senator Ronald Dela Rosa to stop his arrest after the International Criminal Court issued a warrant on allegations of crimes against humanity. The government’s executive branch can enforce the ICC arrest warrant, the Office of the Solicitor General said in a comment filed to the court on Saturday and made public Sunday. The Hi...
The Philippine government asked the Supreme Court to deny a petition by Senator Ronald Dela Rosa to stop his arrest after the International Criminal Court issued a warrant on allegations of crimes against humanity. The government’s executive branch can enforce the ICC arrest warrant, the Office of the Solicitor General said in a comment filed to the court on Saturday and made public Sunday. The High Court on Wednesday asked respondents to comment on Dela Rosa’s urgent petition seeking to stop his arrest without a valid Philippine court-issued warrant. “The enforcement of an ICC warrant of arrest does not require a corresponding warrant of arrest issued by a Philippine court,” the Office of the Solicitor General said in its filing. Dela Rosa had been in hiding for six months before he showed up at the Senate on Monday. He left the legislative chamber’s premises — where he had sought sanctuary since arriving — early Thursday, hours after a shootout in the building. 32 Gunshots Unleashed a Night of Chaos in the Philippine Senate Political Tension in Philippines Escalates After Senate Gunfire Chaos in Manila Shows Sara Duterte Chipping Away at Marcos Power Dela Rosa was chief of police from 2016 to 2018, when ex-president Rodrigo Duterte waged a crackdown on illegal drugs that killed thousands. Dela Rosa went on to win a Senate seat in 2019 and was reelected last year. He maintains the ICC has no jurisdiction over the Philippines. He was named “co-perpetrator” in the crimes against humanity case of Duterte, who has been detained in an ICC facility in The Hague since March last year. Last month, the war crimes court’s pre-trial chamber confirmed the charges against Duterte, paving the way for a trial. Dela Rosa is an ally of Vice President Sara Duterte , who’s set to face a Senate trial after being impeached by the House of Representatives on charges that include threatening the life of President Ferdinand Marcos Jr.