So while there is more coming online all the time - which is an important factor in why the rise in gas prices has not been as big as that seen in 2002 - in the near term it is not enough to make up for the loss of Gulf supplies, Oxley says.
So while there is more coming online all the time - which is an important factor in why the rise in gas prices has not been as big as that seen in 2002 - in the near term it is not enough to make up for the loss of Gulf supplies, Oxley says.
Some customers of Lloyds, Halifax and Bank of Scotland were able to see the bank accounts of other customers when they logged into their app on Thursday morning. Customers reported difficulties logging into their bank accounts and in some cases were able to view account details and transactions that did not belong to them. One woman told the BBC she was able to see the accounts of six different us...
Some customers of Lloyds, Halifax and Bank of Scotland were able to see the bank accounts of other customers when they logged into their app on Thursday morning. Customers reported difficulties logging into their bank accounts and in some cases were able to view account details and transactions that did not belong to them. One woman told the BBC she was able to see the accounts of six different users on the Bank of Scotland app, including some national insurance numbers, over a 20-minute period. She could see benefits payments from the Department of Work and Pensions, which use the national insurance numbers of recipients as a payment reference. She also saw references to Waitrose transactions, despite not living near a store. While a Lloyds Banking Group spokesperson apologised and said the incident had been quickly resolved, customers were still reporting difficulties logging into their bank accounts. In a Facebook post, consumer champion Martin Lewis said people had been messaging about “being shown other people’s transactions”. In response, the founder of MoneySavingExpert was inundated with close to 2,000 comments from worried bank customers. They reported being able to see other people’s names and transactions, and some said they feared they had been hacked. In a post, Shirley Finlayson said that, when she logged into the Bank of Scotland app, she “saw quite a few transactions one going back to 2024, the payments going out showed all the details of the person receiving it, name, bank account/sort code”. Another user, Jill Steel, said that when she logged into her Lloyds app she had been able to see the financial details of 30 people. “Can see names plus corresponding account numbers and sort codes. NI numbers if they’re receiving any benefits.” Responding to customers on social media, Halifax said it was aware some customers were “having issues with viewing transactions and balances right now”. A Lloyds spokesperson said: “We’re sorry that some customers exper...
Calumet ( CLMT ) on Thursday said its subsidiaries Calumet Specialty Products Partners and Calumet Finance intend to offer $150M of 9.75% senior notes due 2031 in a private placement. The net proceeds from the offering will be used to repay borrowings under its revolving credit facility. The company said the additional notes will form part of its existing 9.75% senior notes due 2031, of which $405...
Calumet ( CLMT ) on Thursday said its subsidiaries Calumet Specialty Products Partners and Calumet Finance intend to offer $150M of 9.75% senior notes due 2031 in a private placement. The net proceeds from the offering will be used to repay borrowings under its revolving credit facility. The company said the additional notes will form part of its existing 9.75% senior notes due 2031, of which $405M were issued on Jan. 12, 2026, and will have the same terms except for the initial offering price. More on Calumet, Inc. Calumet, Inc. (CLMT) Q4 2025 Earnings Call Transcript Calumet, Inc. 2025 Q4 - Results - Earnings Call Presentation Calumet: Specialty Products' Businesses Coming Together Financially Calumet targets MaxSAF 150 expansion and $1–$2/gallon SAF contract premiums as operational gains drive leverage reduction Top Oil And Gas Refining and Marketing Stocks by Year-To-Date Performance
Cion Investment press release ( CION ): Q4 GAAP NII of $0.35 beats by $0.01 . Total investment income of $53.79M (-7.1% Y/Y) beats by $2.02M . Net asset value per share was $13.76 as of December 31, 2025 compared to $14.86 as of September 30, 2025, a decrease of $1.10 per share, or 7.4%. More on Cion Investment CICC: A 7.50% Notes IPO From CION Investment CION Investment Corp: CICC Are The New Bab...
Cion Investment press release ( CION ): Q4 GAAP NII of $0.35 beats by $0.01 . Total investment income of $53.79M (-7.1% Y/Y) beats by $2.02M . Net asset value per share was $13.76 as of December 31, 2025 compared to $14.86 as of September 30, 2025, a decrease of $1.10 per share, or 7.4%. More on Cion Investment CICC: A 7.50% Notes IPO From CION Investment CION Investment Corp: CICC Are The New Baby Bonds Form This BDC, Yielding 7.5% CION Investment: Fundamental Improvements But Not A Buy Yet (Rating Upgrade) Most and least shorted financial stocks with up to $2B market cap in early March Small-cap stocks with highest dividend yield grade
gmnicholas/E+ via Getty Images The market has been hit by elevated volatility here in March due to the conflict in Iran which has taken nearly 20% of global oil supplies offline. However, every dip in equities has been bought and the major indexes are not that far off from their all-time highs. GuruFocus "Whoever is careless with the truth in small matters cannot be trusted with important matters ...
gmnicholas/E+ via Getty Images The market has been hit by elevated volatility here in March due to the conflict in Iran which has taken nearly 20% of global oil supplies offline. However, every dip in equities has been bought and the major indexes are not that far off from their all-time highs. GuruFocus "Whoever is careless with the truth in small matters cannot be trusted with important matters ” ― Albert Einstein This leaves stocks still trading at extreme valuation levels, using numerous historical valuation metrics. I have always been a proponent of judging an individual by their actions, not their words. And prudent investors should be watching the ' insiders ' closely for clues on where markets might head from here. In today's article, I will highlight some observations I have on corporate insiders and managers of investor funds over the past couple of months. Shiller PE Ratio (Multpl) We will start with some positives. Kudos to the management of KKR & Co. ( KKR ) . The CEO and a couple of insiders have gobbled up just over $35 million in new equity purchases in recent weeks. The company has seen some of the negative headlines as brethren Blue Owl Capital ( OWL ) , BlackRock ( BLK ) and Jefferies Financial Group ( JEF ) , all of which have been hit by deteriorating conditions in the credit markets. Nonetheless, the stock is down 40% from its highs late last summer. The insider buying is one of few signs of conviction I have seen from insiders in recent months. Eric Jackson - 03/10/2026 In addition, one has to give credit to Blackstone ( BX ) . Company managers threw in $150 million of their own money and the firm offered up $250 million of its own capital to allow redemptions of 7.9% at one large fund instead of the stated five percent quarterly cap last week. This action contrast positively to those of Blue Owl Capital and BlackRock which have had some high profiled ' gating ' of investor redemption requests in recent weeks, which have sent ripples across th...
By David Lawder and Ismail Shakil WASHINGTON, March 12 (Reuters) - U.S. President Donald Trump's administration said on Wednesday it was launching two trade investigations into excess industrial capacity in 16 major trading partners and into forced labor, rebuilding tariff pressure after the Supreme Court tore down much of Trump's tariff program last month. China, the European Union, India, Japan...
By David Lawder and Ismail Shakil WASHINGTON, March 12 (Reuters) - U.S. President Donald Trump's administration said on Wednesday it was launching two trade investigations into excess industrial capacity in 16 major trading partners and into forced labor, rebuilding tariff pressure after the Supreme Court tore down much of Trump's tariff program last month. China, the European Union, India, Japan, South Korea and Mexico are among partners that could face new tariffs by this summer under the investigation of unfair trade practices, said U.S. Trade Representative Jamieson Greer. Other countries subject to the excess-capacity probe under Section 301 of the Trade Act of 1974 are Taiwan, Vietnam, Thailand, Malaysia, Cambodia, Singapore, Indonesia, Bangladesh, Switzerland and Norway. Canada, the second-largest U.S. trading partner, was not included. China said on Thursday the U.S. claim of overcapacity was a "false proposition" and Beijing opposed "political manipulation under this pretext". China is against all forms of unilateral tariff measures, foreign ministry spokesperson Guo Jiakun said at a regular press conference. U.S. LOOKING AT TRADE SURPLUSES, UNDERUSED CAPACITY The 27-nation European Union has said it wants to stick to the terms of a deal signed at Trump's Turnberry golf course last July, and that any new tariffs should reflect the broad 15% overall U.S. levy agreed then. European Parliament lawmakers, who have repeatedly delayed a vote on that deal, said uncertainty remained. "Who can guarantee that the final outcome will not mean even higher tariffs for the EU? It is not enough to simply assume - on both sides - that we will end up within the Turnberry framework. We need clarity," trade committee chair Bernd Lange wrote on X. Greer told reporters the investigations "will focus on economies that we have evidence appear to exhibit structural excess capacity and production in various manufacturing sectors, such as through larger persistent trade surpluse...
Peruvian Metals ( PER:CA ) has arranged a non-brokered private placement for gross proceeds of up to $750,000, which will be used to make improvements and additions for expansion to its Aguila Norte processing plant, for potential new acquisitions, and for general working capital. The placement will consist of 5M units at a price of $0.15 per unit, each unit being comprised of one common share and...
Peruvian Metals ( PER:CA ) has arranged a non-brokered private placement for gross proceeds of up to $750,000, which will be used to make improvements and additions for expansion to its Aguila Norte processing plant, for potential new acquisitions, and for general working capital. The placement will consist of 5M units at a price of $0.15 per unit, each unit being comprised of one common share and one-half non-transferable share purchase warrant. The common shares, warrants, and any shares issued on the exercise of warrants will be subject to a hold period expiring four months and one day following the date of issue. Each warrant will entitle the holder to acquire one additional common share of the company at a price of $0.20 per common share for a period of two years following the closing date. Source: Press Release More on Peruvian Metals Corp. Financial information for Peruvian Metals Corp.
Lebanon's Culture Minister Ghassan Salamé spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Berceteche about the impact of the Iran war on Lebanon and what the government can do to reassert control on Hezebollah. (Source: Bloomberg)
Lebanon's Culture Minister Ghassan Salamé spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Berceteche about the impact of the Iran war on Lebanon and what the government can do to reassert control on Hezebollah. (Source: Bloomberg)
The past 12 months have been anything but electric for some vehicle makers. Both Tesla and Ford have seen sales struggle. Meanwhile, the Trump administration let incentives for new EVs end last year – a further blow to the industry. Enter an upstart like Aptera Motors, which is attempting to scale up production of its first solar-powered vehicle (SEV). Yahoo Finance Executive Editor Brian Sozzi si...
The past 12 months have been anything but electric for some vehicle makers. Both Tesla and Ford have seen sales struggle. Meanwhile, the Trump administration let incentives for new EVs end last year – a further blow to the industry. Enter an upstart like Aptera Motors, which is attempting to scale up production of its first solar-powered vehicle (SEV). Yahoo Finance Executive Editor Brian Sozzi sits down with Aptera Motors Co-Founder and CEO Chris Anthony to discuss the state of the industry, the future of transportation, and how he got his start fixing pinball machines.
Markets are still absorbing the economics of the war in Iran, and the geopolitical uncertainty is derailing some dealmaking, says Amit Nayyar, Co-Head of EMEA Technology Investment Banking at Citi. But the market is still selectively open, he says, with the pipeline for IPOs looking healthy in both the US and Europe. Nayyar spoke with Tom Mackenzie on Bloomberg Daybreak: Europe. (Source: Bloomberg...
Markets are still absorbing the economics of the war in Iran, and the geopolitical uncertainty is derailing some dealmaking, says Amit Nayyar, Co-Head of EMEA Technology Investment Banking at Citi. But the market is still selectively open, he says, with the pipeline for IPOs looking healthy in both the US and Europe. Nayyar spoke with Tom Mackenzie on Bloomberg Daybreak: Europe. (Source: Bloomberg)
is a London-based reporter at The Verge covering all things AI and Senior Tarbell Fellow. Previously, he wrote about health, science and tech for Forbes. Posts from this author will be added to your daily email digest and your homepage feed. Perplexity wants to be more than just an answer engine. On Wednesday it launched Personal Computer, a new AI agent tool that can turn a spare Mac into a local...
is a London-based reporter at The Verge covering all things AI and Senior Tarbell Fellow. Previously, he wrote about health, science and tech for Forbes. Posts from this author will be added to your daily email digest and your homepage feed. Perplexity wants to be more than just an answer engine. On Wednesday it launched Personal Computer, a new AI agent tool that can turn a spare Mac into a locally run AI system, pitching it as “a digital proxy for you.” Personal Computer will run 24/7 on a dedicated device on your local network, have full access to your files and apps, and be controllable from anywhere and on any device, Perplexity said. That deeper access makes it a more personalized version of a similar product Perplexity launched last month, Perplexity Computer, a cluster of agents it described as a “general-purpose digital worker.” Perplexity pitches the system as more secure than other agent systems like OpenClaw, offering users a “full audit trail” and the ability to reverse actions or approve sensitive actions before they’re performed. There’s also a kill switch, which I imagine would be useful if it went rogue and started speed deleting emails. Personal Computer is not yet available — Perplexity says potential users will need to join a waitlist to get early access, though has not indicated when the service will go live. Like Perplexity Computer, Personal Computer is primarily aimed at professional use, part of the company’s broader strategy of positioning itself as a specialized tool. In a video demonstration, Perplexity shows a user treating Personal Computer as a virtual assistant — typing and speaking prompts to have it draft emails to investors, turn reports into slide decks, and rank candidates for a job. But Personal Computer clearly hints at broad consumer appeal as well, particularly being positioned as something that can run on consumer-grade devices. Perplexity says the software will run on a Mac Mini — a popular device among AI agent enthusiasts...
Mathias Döpfner beat the Mail to seize a British institution. But whether he will be a sobering or malign influence is not yet clear After fighting off one foreign takeover, staff at the paper that broke the news of the second world war might have been expected to react badly when meeting their potential new German owners on Monday. Instead, journalists at the Telegraph felt “optimistic”, “enthusi...
Mathias Döpfner beat the Mail to seize a British institution. But whether he will be a sobering or malign influence is not yet clear After fighting off one foreign takeover, staff at the paper that broke the news of the second world war might have been expected to react badly when meeting their potential new German owners on Monday. Instead, journalists at the Telegraph felt “optimistic”, “enthusiastic” and even “cautiously pleased” – one called a takeover by media conglomerate Axel Springer the “best possible outcome”. The reason for this Panglossian response is partly hope that Axel Springer and its boss, Mathias Döpfner, might genuinely be keen on journalism, and partly exhaustion at the end of a wildly convoluted three-year takeover battle. The fight says a lot about the state of the print news business – upended by technological and economic headwinds yet still seen as an attractive bauble for rich power players and important as a home for journalism. For how much longer this persists could well depend on what Axel Springer and its part-owner and boss Döpfner do with it. Continue reading...
As we reach the 13th day of the war in Iran – with death and destruction rippling throughout the Middle East – it’s important to bear in mind where the real failure lies. So far, nearly 2,000 people have been killed, including 175 Iranian schoolchildren and seven US service members. At least 140 US service members have been wounded, several critically. The final tallies on both sides will almost c...
As we reach the 13th day of the war in Iran – with death and destruction rippling throughout the Middle East – it’s important to bear in mind where the real failure lies. So far, nearly 2,000 people have been killed, including 175 Iranian schoolchildren and seven US service members. At least 140 US service members have been wounded, several critically. The final tallies on both sides will almost certainly be far higher. Soaring oil and gas prices in the US are inevitably hitting the poor and working class much harder than the affluent. We’re spending huge resources on this war – so far, roughly $1bn per day, or $41,666,667 per hour, $11,574 per second. These are resources that could be better spent improving the lives of the American people. Americans need healthcare. Affordable housing. Childcare and eldercare. Better schools. We want our basic needs met. But the government has said we “can’t afford” these things. Yet supposedly we can afford nearly $1tn for the Pentagon. Trump now says the Pentagon needs $500bn more. double quotation mark The person who sits in the Oval Office has no endgame for this war, hasn’t given a consistent answer for what ‘victory’ will require, and doesn’t appear to know what he’s doing The tragic failure at the center of this devastation is not that most Americans have succumbed to war fever. To the contrary, poll after poll shows that most Americans do not support this war. In fact, this is the first war America has entered in modern times without majority in support. The real failure is that the richest and most powerful nation in the world – the nation that has led the world since the second world war and that established the postwar international order emphasizing multilateralism, democracy, human rights, and the rule of law – is now being led by a rogue president who rejects all these values. One man has decided for himself to make this war. A lone person has initiated this mayhem without gaining Congress’s approval, without getting...
Best left Bermuda at 17 and joined West Ham, with Bobby Moore among his teammates, but he also faced horrendous abuse “I did what I had to do,” Clyde Best says as he recalls leaving Bermuda at the age of 17 and travelling to England for a trial at West Ham. There was no fear, no thought of homesickness. Best saw opportunity. It was 1968 and, before setting off on his journey, the boy who would go ...
Best left Bermuda at 17 and joined West Ham, with Bobby Moore among his teammates, but he also faced horrendous abuse “I did what I had to do,” Clyde Best says as he recalls leaving Bermuda at the age of 17 and travelling to England for a trial at West Ham. There was no fear, no thought of homesickness. Best saw opportunity. It was 1968 and, before setting off on his journey, the boy who would go on to be hailed as English football’s first black superstar received some unforgettable advice from his father, a naval officer who later worked as a deputy commissioner in Bermuda’s prison service. “My dad told me: ‘When you go to England, you’re not playing for yourself, you’re playing for those coming after you,’” Best says. “I always knew that I had some responsibility, and I had to carry myself in a certain way and behave myself in a certain way. I’m not going to do anything stupid and mess it up. If you listen to what your parents tell you, nine times out of 10 you’re not going to have problems.” Continue reading...