Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, sign up . It’s all over for Sherritt International in Cuba. The company is one of the great survivors of the Canadian mining industry, but it’s giving up on its business on the Caribbean island after pressure from the White House simply became too mu...
Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, sign up . It’s all over for Sherritt International in Cuba. The company is one of the great survivors of the Canadian mining industry, but it’s giving up on its business on the Caribbean island after pressure from the White House simply became too much. Sherritt, which is based in Toronto, went into business with the Castro regime in the 1990s, seeking to exploit Cuba’s vast nickel resources. That has occasionally made the company a target of Cuba hawks in Washington, who would rather not see a Canadian miner digging up critical minerals with the communists. Ian Delaney, the legendary CEO who spent more than two decades at the company, used to speak with contempt about what he called “narrow-minded” US foreign policy. Thanks to Delaney and others, Sherritt persisted as one of Cuba’s largest foreign investors. But when Donald Trump’s administration took out Venezuelan President Nicolas Maduro in January, he removed Cuba’s major oil supplier. A de facto US energy blockade made life considerably more complicated for Sherritt and its partner, Cuba’s General Nickel Company. (Cuba this week said it has completely run out of diesel and fuel oil .) Then, on May 1, Trump signed a broad executive order imposing “ new sanctions on entities, persons, or affiliates that support the Cuban regime’s security apparatus,” which could include non-US citizens or businesses involved in Cuba. Sherritt’s operations began to cave in. Within days, it suspended activities in Cuba and began the process of repatriating staff. Three board members sprinted for the exit, soon followed by the company’s chief financial officer and its external auditor. Shares in Sherritt have tanked more than 50% so far this month. Today, the company waved the white flag, saying it will seek to quickly dissolve its joint ventures in Cuba and take full ownership of a r...
Trump administration accused of cutting military’s civilian harm program in light of US strike on girls school in Iran The Pentagon has quietly dismantled a program it is legally required to operate to prevent and respond to civilian deaths in US military operations, according to its internal watchdog. A report released by the department’s inspector general concluded the US military no longer has ...
Trump administration accused of cutting military’s civilian harm program in light of US strike on girls school in Iran The Pentagon has quietly dismantled a program it is legally required to operate to prevent and respond to civilian deaths in US military operations, according to its internal watchdog. A report released by the department’s inspector general concluded the US military no longer has the people, tools or infrastructure needed to comply with two federal statutes requiring it to maintain a functioning civilian casualty policy, and operate a Civilian Protection Center of Excellence (CP CoE). Continue reading...
Jim Cramer went on Mad Money Friday with a counterintuitive pitch: “You buy NVIDIA not for China, not because of the Cerebras IPO, but because it’s actually a cheap stock, cheaper than Intel, cheaper than AMD, cheaper than Broadcom.” That is a bold claim about a company worth $5.7 trillion, and the numbers back the ... Jim Cramer Says Buy Nvidia for Valuation, Not China Bet. Stock Trades Cheaper T...
Jim Cramer went on Mad Money Friday with a counterintuitive pitch: “You buy NVIDIA not for China, not because of the Cerebras IPO, but because it’s actually a cheap stock, cheaper than Intel, cheaper than AMD, cheaper than Broadcom.” That is a bold claim about a company worth $5.7 trillion, and the numbers back the ... Jim Cramer Says Buy Nvidia for Valuation, Not China Bet. Stock Trades Cheaper Than Intel and AMD.
DKosig/iStock via Getty Images Philippe Laffont's Coatue Management established new positions in ASML Holding ( ASML ), exited Chagee Holdings ( CHA ), boosted its stake in NuBank parent Nu Holdings ( NU ), and reduced its stake in Nvidia ( NVDA ) in Q1 2026, according to its latest 13F filing. The company added 4.20M shares of Arbor Realty Trust ( ABR ) valued at $32.4M, ~510K shares of ASML Hold...
DKosig/iStock via Getty Images Philippe Laffont's Coatue Management established new positions in ASML Holding ( ASML ), exited Chagee Holdings ( CHA ), boosted its stake in NuBank parent Nu Holdings ( NU ), and reduced its stake in Nvidia ( NVDA ) in Q1 2026, according to its latest 13F filing. The company added 4.20M shares of Arbor Realty Trust ( ABR ) valued at $32.4M, ~510K shares of ASML Holding ( ASML ) valued at $655.4M, and 344K shares of Beyond Meat ( BYND ) valued at $241K. Meanwhile, it shed 3.17M shares of Chagee Holdings ( CHA ), 2.08M shares of Marvell Technology ( MRVL ), and 200K shares of Moderna ( MRNA ). The firm boosted holdings in Nu Holdings ( NU ) to 44.0M shares ($421.5M) from 29.3M; Alphabet ( GOOG ) ( GOOGL ) to 8.40M shares ($2.90B) from 7.12M; and Amazon ( AMZN ) to 8.40M shares ($1.65B) from 7.12M. The biggest stake reductions by number of shares are Nvidia ( NVDA ) to 3.19M shares ($1.10B) from 7.16M; Broadcom ( AVGO ) to 4.29M shares ($1.70B) from 5.58M; and Taiwan Semiconductor Manufacturing ( TSM ) to 8.17M shares ($3.14B) from 9.20M, according to the filing . More on Nvidia, Nu Holdings, etc. Nvidia: China Could Bring Up To $26 Billion In Revenue Nu Q1: It Seems That Investors Forgot The Competitive Advantages Of This Bank ASML: The Question Is Whether Its Monopoly Can Outrun Its Premium Valuation Biggest stock movers Friday: PZZA, TSM, and more
Syntec Optics Holdings press release ( OPTX ): Q1 GAAP EPS of -$0.02. Revenue of $6.5M (-8.5% Y/Y). More on Syntec Optics Holdings Syntec Optics prices $20M stock offering at $7 per share Syntec Optics secures $4M in defense orders; shares up over 6% Financial information for Syntec Optics Holdings
Syntec Optics Holdings press release ( OPTX ): Q1 GAAP EPS of -$0.02. Revenue of $6.5M (-8.5% Y/Y). More on Syntec Optics Holdings Syntec Optics prices $20M stock offering at $7 per share Syntec Optics secures $4M in defense orders; shares up over 6% Financial information for Syntec Optics Holdings
In a press briefing Friday, officials for the World Health Organization announced that the case count of the hantavirus outbreak on the cruise ship MV Hondius in the South Atlantic has shrunk from 11 cases to 10 after a previously reported US case was found to be a false positive. That US case was originally reported by US health officials as "mildly positive," and the WHO had considered it "incon...
In a press briefing Friday, officials for the World Health Organization announced that the case count of the hantavirus outbreak on the cruise ship MV Hondius in the South Atlantic has shrunk from 11 cases to 10 after a previously reported US case was found to be a false positive. That US case was originally reported by US health officials as "mildly positive," and the WHO had considered it "inconclusive," but still counted in the outbreak as a case in the agency's May 13 outbreak report and in a briefing on May 14. The inconclusive case was in Dr. Stephen Kornfeld, an American doctor aboard the ship who helped respond to the outbreak after the ship's doctor became ill. In an interview with CNN earlier this week , Kornfeld explained that he and others on board had taken nasal swabs early in May, before evacuation, and those swabs were sent for PCR testing in the Netherlands. Two labs in the Netherlands processed Kornfeld's swabs; one lab reported a negative result, and the other reported a faint positive. Read full article Comments
【有線新聞】終審法院首席法官張舉能委任6名資深大律師。 委任典禮在終審法院舉行，由首席法官張舉能任命陳永豪、嚴永錚、王永愷、卓元暢、鄭欣琪及Charles Simon Hollander成為資深大律師。張舉能說資深大律師必須具備能耐，面對不受歡迎或不利情況依然恪守專業標準。對判斷力的要求不只體現在辯論上，也體現在克制上。期望他們發揮影響力堅定維護司法公義。
【有線新聞】終審法院首席法官張舉能委任6名資深大律師。 委任典禮在終審法院舉行，由首席法官張舉能任命陳永豪、嚴永錚、王永愷、卓元暢、鄭欣琪及Charles Simon Hollander成為資深大律師。張舉能說資深大律師必須具備能耐，面對不受歡迎或不利情況依然恪守專業標準。對判斷力的要求不只體現在辯論上，也體現在克制上。期望他們發揮影響力堅定維護司法公義。
Phil Dunning’s proudly weird and queer sitcom is ridiculous in the best way. Some will find it completely baffling, but fans will class these antics as comedy gold There are niche TV comedies, and then there’s Smoggie Queens. The Middlesbrough-set, drag queen-adjacent comedy is based on creator and star Phil Dunning’s life, and its first series was a singular mix of Teesside banter and allusions t...
Phil Dunning’s proudly weird and queer sitcom is ridiculous in the best way. Some will find it completely baffling, but fans will class these antics as comedy gold There are niche TV comedies, and then there’s Smoggie Queens. The Middlesbrough-set, drag queen-adjacent comedy is based on creator and star Phil Dunning’s life, and its first series was a singular mix of Teesside banter and allusions to UK hun culture . It was proudly weird and queer – a little Diane Morgan, a little Lily Savage – with camp cameos to boot. Steph McGovern (as herself) was the nemesis of Dunning’s prickly protagonist Dickie (their feud was established while working together on the deli counter at Morrisons), while Drag Race’s Michelle Visage played against type as a pernickety office manager named Elaine. When it wasn’t totally silly, it was also rather touching; among Dickie’s rag-tag crew of mates was “baby gay” Stewart (Elijah Young), who was struggling to come out to his family, and Mam (Mark Benton), the bewigged mother figure of the group who, we learned, was estranged from her teenage son. This second six-episode run is an even more boutique proposition than the first – frequently funny but also frequently bizarre. Episode one is a case in point: Dickie and friends lose a white rabbit in a carpet warehouse – cue some Alice in Wonderland visuals and Stewart hallucinating that Dickie is a bunny, too. The rabbit is called Andrea, leading to such ridiculous lines as “Howay Andrea, ya silly knobhead!!!”, yelled by Mam. The high street retailer Dunelm is used as a punchline, and one character wonders whether the rabbit might be gay, too. Continue reading...
Dougal Waters Activist investment firm ValueAct Capital, led by Jeffrey Ubben and Bradley Singer, established new stakes in KKR ( KKR ) with about 3.28M shares, Wix.com ( WIX ) with 1.1M shares, and Spotify Technology ( SPOT ) with 360K shares during Q1 2026, according to a filing released Friday. ValueAct increased its holdings in Toast Inc. ( TOST ), jumping to 12.9M shares from 8.02M, and boost...
Dougal Waters Activist investment firm ValueAct Capital, led by Jeffrey Ubben and Bradley Singer, established new stakes in KKR ( KKR ) with about 3.28M shares, Wix.com ( WIX ) with 1.1M shares, and Spotify Technology ( SPOT ) with 360K shares during Q1 2026, according to a filing released Friday. ValueAct increased its holdings in Toast Inc. ( TOST ), jumping to 12.9M shares from 8.02M, and boosted its Visa Inc. ( V ) position to 2.32M shares from 1.72M. On the sell side, ValueAct completely exited Insight Enterprises ( NSIT ), liquidating 1.22M shares. The firm reduced positions in Rocket Companies ( RKT ), trimming holdings to 28.2M from 39.4M shares, and significantly cut its Walt Disney Company ( DIS ) stake to just 400K shares from 3.08M. Other reduced positions include Amazon ( AMZN ), MongoDB ( MDB ), Live Nation Entertainment ( LYV ), and BlackRock ( BLK ). the 13F filing shows . More on KKR & Co., Spotify, etc. Insight Enterprises, Inc. (NSIT) Q1 2026 Earnings Call Transcript Insight Enterprises, Inc. 2026 Q1 - Results - Earnings Call Presentation KKR & Co. Inc. (KKR) Q1 2026 Earnings Call Transcript SBA Communications sinks near close on report of exclusive talks with KKR Wealthy investors shy away from private equity - FT
CNBC host Jim Cramer may have called the turn before the tape confirmed it. "Be careful; smell the reversal day," he posted Tuesday morning, and by midday the AI trade was flashing red across semiconductors, server names, software and tech-heavy...
CNBC host Jim Cramer may have called the turn before the tape confirmed it. "Be careful; smell the reversal day," he posted Tuesday morning, and by midday the AI trade was flashing red across semiconductors, server names, software and tech-heavy...
Manager Pep Guardiola insists he has "one more year" remaining on his contract at Manchester City as speculation continues over his future at the club.
Manager Pep Guardiola insists he has "one more year" remaining on his contract at Manchester City as speculation continues over his future at the club.
malerapaso/iStock via Getty Images My favorite types of stocks to buy are ones that pay out high current yields, have sound balance sheets and underlying business fundamentals, while also trading at huge discounts to intrinsic value, and whose management teams are doubling down on that discount by buying back stock. In today's article, I'm going to detail two opportunities yielding between 7.8% an...
malerapaso/iStock via Getty Images My favorite types of stocks to buy are ones that pay out high current yields, have sound balance sheets and underlying business fundamentals, while also trading at huge discounts to intrinsic value, and whose management teams are doubling down on that discount by buying back stock. In today's article, I'm going to detail two opportunities yielding between 7.8% and 11% that look like compelling buys on their recent dips. A Leading Non-Prime Lender With Serious Scale The first opportunity I'm going to discuss is OneMain Holdings, Inc. ( OMF ). OMF is a leading lender to non-prime consumers. It operates across numerous business segments, including personal loans, auto finance, and credit cards, making it a diversified lender. It serves about 3.8 million customer accounts. It has $26.1 billion in managed receivables as of Q1 2026, which was up 6% year over year. It also has a vast branch network of about 1,400 individual stores that gives it a genuine competitive advantage over fintech competitors ( XLK ), especially given that it combines this physical footprint with a growing digital omnichannel presence. Additionally, its scale and underwriting, its proprietary credit models, and its access to bank data from its customers enable it to deploy AI models to achieve better risk-adjusted results. Loan Book Health: Stable And Improving Overall, the company's loan book is pretty healthy right now, with net charge-offs of 8.4%, which are in line with guidance. Its full-year NCO guidance remains in the 7.4% to 7.9% range. Its 30-to-89-day delinquency stands at 2.62%, which was down 1 basis point year over year, which shows that the company's loan book health is remaining stable. While its pre-2022 vintage is still a headwind for the company's overall loan book performance, it represents only 5% of the portfolio and is declining as its loans are repaid or get charged off. Meanwhile, its post-August 2022 book, when they implemented fresh credi...