SoftBank is scaling back plans for a $10 billion margin loan backed by its OpenAI stake after creditors voiced some hesitation. Matthew Bloxham of Bloomberg Intelligence has more. (Source: Bloomberg)
SoftBank is scaling back plans for a $10 billion margin loan backed by its OpenAI stake after creditors voiced some hesitation. Matthew Bloxham of Bloomberg Intelligence has more. (Source: Bloomberg)
AngloGold Ashanti press release ( AU ): Q1 Non-GAAP EPS of $2.52 beats by $0.28 . Revenue of $3.15B (+63.2% Y/Y) misses by $120M . Free cash flow, the strongest for a single quarter, represented a 190% increase year-on-year to $1.2bn in Q1 2026 from $403m in Q1 2025. Net cash flow from operating activities was up 136% year-on-year to $1.7bn in Q1 2026 (from $725m in Q1 2025). The average gold pric...
AngloGold Ashanti press release ( AU ): Q1 Non-GAAP EPS of $2.52 beats by $0.28 . Revenue of $3.15B (+63.2% Y/Y) misses by $120M . Free cash flow, the strongest for a single quarter, represented a 190% increase year-on-year to $1.2bn in Q1 2026 from $403m in Q1 2025. Net cash flow from operating activities was up 136% year-on-year to $1.7bn in Q1 2026 (from $725m in Q1 2025). The average gold price received per ounce in Q1 2026 was 69% higher year-on-year compared to Q1 2025. Outlook: Full year 2026 guidance for gold production, costs and capital expenditure, which was issued in February 2026, remains unchanged. More on AngloGold Ashanti AngloGold Ashanti: Ghana Scares The Market, But The Numbers Not So Much AngloGold Ashanti: Good With The Strategy, But Expensive When You Run The Numbers AngloGold Ashanti: 'Buy' The Pullback, Own The Free Cash Flow Machine AngloGold Ashanti Q1 2026 Earnings Preview Ghana directs Newmont, AngloGold to shift mining ops to local firms by December - Reuters
Longer UK series planned for South Africa and Pakistan Single Sri Lanka and Bangladesh games OK for ICC’s WTC England’s men will face a lopsided Test schedule in the next future tours programme (FTP), with a move to stage more five-match series at home to be offset by an increase in one-off Tests overseas. The England and Wales Cricket Board is abandoning the principle of aiming for reciprocal hom...
Longer UK series planned for South Africa and Pakistan Single Sri Lanka and Bangladesh games OK for ICC’s WTC England’s men will face a lopsided Test schedule in the next future tours programme (FTP), with a move to stage more five-match series at home to be offset by an increase in one-off Tests overseas. The England and Wales Cricket Board is abandoning the principle of aiming for reciprocal home and away series in the next World Test Championship (WTC), which will begin with the home Ashes series next summer. The ECB has already held talks with South Africa and Pakistan over touring for five Test matches for the first time in decades, but on the flip side England’s future tours to Sri Lanka and Bangladesh could comprise a single Test complemented by white-ball games that are more commercially viable to the host Boards. Continue reading...
US authorities are investigating a reported US$2.5b smuggling scheme involving advanced Nvidia chips shipped to China. Alibaba Group Holding (NYSE:BABA) has been cited as a possible end customer in the inquiry. The company has publicly denied any involvement or business relationship with the parties mentioned in the alleged scheme. Alibaba is a major Chinese technology group with businesses across...
US authorities are investigating a reported US$2.5b smuggling scheme involving advanced Nvidia chips shipped to China. Alibaba Group Holding (NYSE:BABA) has been cited as a possible end customer in the inquiry. The company has publicly denied any involvement or business relationship with the parties mentioned in the alleged scheme. Alibaba is a major Chinese technology group with businesses across e commerce, cloud computing, and digital services, so any link to restricted AI hardware...
ismagilov/iStock via Getty Images Market Snapshot The conflict in Iran and disruption of shipping in the Strait of Hormuz caused oil prices to spike; the Energy sector had its best-performing quarter for more than 15 years. Consumer Discretionary was the worst performing sector as fears of rising inflation due to higher oil prices and decline in consumer confidence hurt near-term expectations. In ...
ismagilov/iStock via Getty Images Market Snapshot The conflict in Iran and disruption of shipping in the Strait of Hormuz caused oil prices to spike; the Energy sector had its best-performing quarter for more than 15 years. Consumer Discretionary was the worst performing sector as fears of rising inflation due to higher oil prices and decline in consumer confidence hurt near-term expectations. In contrast, Utilities sector was seen as a relative safe haven and returned 11%. The eurozone underperformed as rapidly rising energy prices and inflation stifled domestic spending. Tech hardware and semiconductors benefited from higher capex plans by global hyperscalers for AI datacenters, spurring shares such as TSMC ( TSM ) in Taiwan and Samsung Electronics ( SSNLF ) and SK hynix ( HXSCL ) in South Korea to outperform. Index Performance ((USD %)) MSCI ( MSCI ) World ex US Index Sector 1Q 2026 Trailing 12 Months Communication Services -3.2 9.7 Consumer Discretionary -14.1 -0.5 Consumer Staples -2.6 8.7 Energy 35.5 54.2 Financials -3.5 30.4 Health Care -2.6 10.9 Industrials -0.3 26.9 Information Technology -4.9 23.1 Materials 7.2 41.7 Real Estate -2.0 19.8 Utilities 10.7 43.9 Click to enlarge Region 1Q 2026 Trailing 12 Months Canada 1.4 37.6 Europe EMU -4.2 20.6 Europe ex EMU -0.9 19.1 Japan 1.5 26.3 Middle East 2.6 38.9 Pacific ex Japan 3.0 23.9 MSCI World ex US Index -0.8 23.6 Click to enlarge Source: FactSet ( FDS ), MSCI Inc. Data as of March 31, 2026. Click to enlarge What's on Our Minds The events of the last month color the perspective on the entire quarter, having erased most of the gains that markets posted through February. Overall, the portfolio held up reasonably well on a relative basis in the month, helped by the resilience that came from our efforts to remain broadly diversified and from our sustained attention to the financial strength and competitive advantages of the companies we have chosen to own. One key practical benefit of diversification is that we ca...
The S&P 500 (SNPINDEX: ^GSPC) just hit another all-time high on enthusiasm around a potential resolution to the Iran war. The Vanguard S&P 500 ETF (NYSEMKT: VOO) continues to do the same and is now a $925 billion behemoth. But investing in the S&P 500 right now isn't a slam-dunk choice. Past de-escalations to the Iran conflict have proven to be tentative and nondurable. Inflation has risen signifi...
The S&P 500 (SNPINDEX: ^GSPC) just hit another all-time high on enthusiasm around a potential resolution to the Iran war. The Vanguard S&P 500 ETF (NYSEMKT: VOO) continues to do the same and is now a $925 billion behemoth. But investing in the S&P 500 right now isn't a slam-dunk choice. Past de-escalations to the Iran conflict have proven to be tentative and nondurable. Inflation has risen significantly. The labor market has slowed considerably. In terms of valuations, U.S. stocks still trade well above their long-term average. But there are also good reasons to think that the rally isn't finished yet. Continue reading
As Hims & Hers pivots to branded GLP-1s via a Novo Nordisk deal, all eyes are on the company’s May 11 earnings as investors look for sustained subscriber growth.
As Hims & Hers pivots to branded GLP-1s via a Novo Nordisk deal, all eyes are on the company’s May 11 earnings as investors look for sustained subscriber growth.
(Bloomberg) -- An heir to Ray-Ban billionaire Leonardo Del Vecchio’s business empire is challenging the approval process for a roughly €10 billion ($11.8 billion) family deal that would reshape control of EssilorLuxottica SA’s biggest shareholder, according to people familiar with the matter.Most Read from BloombergBillionaire Duke of Westminster to Sell £700 Million of US Real Estate AssetsUS Fir...
(Bloomberg) -- An heir to Ray-Ban billionaire Leonardo Del Vecchio’s business empire is challenging the approval process for a roughly €10 billion ($11.8 billion) family deal that would reshape control of EssilorLuxottica SA’s biggest shareholder, according to people familiar with the matter.Most Read from BloombergBillionaire Duke of Westminster to Sell £700 Million of US Real Estate AssetsUS Fires on Iranian Targets as Trump Demands Deal From TehranSony to Pay Almost $4 Billion for Bieber, Nei
Extendicare press release ( EXETF ): Q1 revenue of $374.7M beats by $54.03M . NOI increased $18.8 million to $69.0 million; excluding the impact of out-of-period items in both periods, NOI improved by $16.7 million or 38.3% to $60.3 million, reflecting revenue growth, partially offset by higher operating costs. Adjusted EBITDA increased $17.3 million to $52.9 million. AFFO increased to $32.7 milli...
Extendicare press release ( EXETF ): Q1 revenue of $374.7M beats by $54.03M . NOI increased $18.8 million to $69.0 million; excluding the impact of out-of-period items in both periods, NOI improved by $16.7 million or 38.3% to $60.3 million, reflecting revenue growth, partially offset by higher operating costs. Adjusted EBITDA increased $17.3 million to $52.9 million. AFFO increased to $32.7 million ($0.343 per basic share) from $19.8 million ($0.235 per basic share). More on Extendicare Inc. Extendicare Inc. (EXE:CA) Shareholder/Analyst Call - Slideshow Extendicare Inc. (EXE:CA) Shareholder/Analyst Call Transcript Extendicare Inc. 2025 Q4 - Results - Earnings Call Presentation Historical earnings data for Extendicare Inc. Dividend scorecard for Extendicare Inc.
(Bloomberg) -- When Tony Cowell retired in 2023 from a three-decade career advising private equity and hedge funds from the Cayman Islands at KPMG LLP, AI was still relatively nascent.Most Read from BloombergBillionaire Duke of Westminster to Sell £700 Million of US Real Estate AssetsUS Fires on Iranian Targets as Trump Demands Deal From TehranSony to Pay Almost $4 Billion for Bieber, Neil Young C...
(Bloomberg) -- When Tony Cowell retired in 2023 from a three-decade career advising private equity and hedge funds from the Cayman Islands at KPMG LLP, AI was still relatively nascent.Most Read from BloombergBillionaire Duke of Westminster to Sell £700 Million of US Real Estate AssetsUS Fires on Iranian Targets as Trump Demands Deal From TehranSony to Pay Almost $4 Billion for Bieber, Neil Young CatalogDOJ Plans Intervention in Trump Supreme Court Carroll AppealUS Has Opened a Passage Through Ho
Emera press release ( EMA ): Q1 Non-GAAP EPS of C$1.37. On track to deliver 2026 adjusted EPS growth above our earnings guidance range of 5-7% annualized. More on Emera Incorporated Emera Incorporated (EMA:CA) Q4 2025 Earnings Call Transcript Emera Incorporated 2025 Q4 - Results - Earnings Call Presentation Emera: Decent Returns, But The Risk For 2026 Is Now Higher Highest, lowest quant-rated util...
Emera press release ( EMA ): Q1 Non-GAAP EPS of C$1.37. On track to deliver 2026 adjusted EPS growth above our earnings guidance range of 5-7% annualized. More on Emera Incorporated Emera Incorporated (EMA:CA) Q4 2025 Earnings Call Transcript Emera Incorporated 2025 Q4 - Results - Earnings Call Presentation Emera: Decent Returns, But The Risk For 2026 Is Now Higher Highest, lowest quant-rated utility stocks above $10B cap after earnings season Historical earnings data for Emera Incorporated
The US said it carried out strikes on Iranian military targets after an attack on three American destroyers in the strait of Hormuz Ceasefire under threat after strikes exchanged in strait The Pakistani foreign minister, Ishaq Dar, said he spoke with his Iranian and Singaporean counterparts about repatriating crew members on ships seized by the US. He asked the Singaporean foreign minister Vivian ...
The US said it carried out strikes on Iranian military targets after an attack on three American destroyers in the strait of Hormuz Ceasefire under threat after strikes exchanged in strait The Pakistani foreign minister, Ishaq Dar, said he spoke with his Iranian and Singaporean counterparts about repatriating crew members on ships seized by the US. He asked the Singaporean foreign minister Vivian Balakrishnan for help repatriating “11 Pakistani and 20 Iranian seafarers, aboard vessels seized by US authorities and currently near Singaporean waters”, Dar wrote in a post on X, without specifying which ships the crew were on. Continue reading...