Hong Kong stocks rose and crude oil fell on Tuesday after US President Donald Trump signalled that the Iran war might be nearing an end. The Hang Seng Index rose 1.5 per cent to 25,799.39 as of 9.37am. The Hang Seng Tech Index surged 1.7 per cent. On the mainland, the CSI 300 Index rose 0.9 per cent and the Shanghai Composite Index edged up 0.2 per cent. On Monday, Trump said that the US objective...
Hong Kong stocks rose and crude oil fell on Tuesday after US President Donald Trump signalled that the Iran war might be nearing an end. The Hang Seng Index rose 1.5 per cent to 25,799.39 as of 9.37am. The Hang Seng Tech Index surged 1.7 per cent. On the mainland, the CSI 300 Index rose 0.9 per cent and the Shanghai Composite Index edged up 0.2 per cent. On Monday, Trump said that the US objectives in Iran were “pretty well complete” and the war would end soon. “We took a little excursion” to the Middle East “to get rid of some evil. And, I think you’ll see it’s going to be a short-term excursion.” Advertisement However, he hinted that the worst fighting could still be ahead if Iran attempted to stop global oil supplies. Brent crude oil fell more than 10 per cent to about US$88 a barrel after shooting past US$110 on Monday and West Texas Intermediate also fell at a similar pace to about US$86 a barrel. Advertisement China’s stronger-than-expected year-on-year consumer price growth of 0.8 per cent during the January-February period, released by the National Bureau of Statistics on Monday, supported sentiment.
If you're looking for stocks that can provide you with decades of passive income, there is no better place to look than the energy midstream space. Pipeline master limited partners (MLPs) are pass-through entities set up to pay no corporate taxes in return for sending back much of their cash flow to stockholders in the form of distributions. While MLPs have some additional paperwork come tax time,...
If you're looking for stocks that can provide you with decades of passive income, there is no better place to look than the energy midstream space. Pipeline master limited partners (MLPs) are pass-through entities set up to pay no corporate taxes in return for sending back much of their cash flow to stockholders in the form of distributions. While MLPs have some additional paperwork come tax time, their distributions have the added benefit of being mostly taxed-deferred until the stocks are sold. Let's look at three great midstream stocks to buy that can give you passive income for the next decade. Energy Transfer Expand NYSE : ET Energy Transfer Today's Change ( -0.80 %) $ -0.15 Current Price $ 18.59 Key Data Points Market Cap $64B Day's Range $ 18.44 - $ 18.80 52wk Range $ 14.60 - $ 19.30 Volume 16M Avg Vol 15M Gross Margin 12.27 % Dividend Yield 7.07 % Energy Transfer (ET 0.80%) sports a 7.1% yield with plans to increase its distribution at a 3% to 5% pace moving forward. The company has one of the largest midstream footprints in the U.S., with much of its business coming from fee-based operations, helping create solid visibility. After getting a bit over its skis with debt during the pandemic and having to slash its distribution, the company was able to quickly improve its balance sheet and return its distribution to prior levels -- and its distribution now sits well above the level before it cut it. Meanwhile, Energy Transfer is back in growth mode, as the company has a growing number of growth projects tied to natural gas demand, which is being boosted by AI data center consumption. With a cheap stock valuation, well-covered distribution (nearly 1.8 times last quarter), and a strong growth pipeline, Energy Transfer is a stock you can buy and hold for strong passive income generation over the next decade and beyond. Enterprise Products Partners Expand NYSE : EPD Enterprise Products Partners Today's Change ( -1.28 %) $ -0.48 Current Price $ 37.09 Key Data Points...
Some investors enjoy a more active approach to owning stocks, keeping tabs on the market's daily ins and outs, and trading on a relatively regular basis in an effort to buy at lows and lock in profits at highs. Other investors, however, are less interested in activity, and are content to simply buy and hold without frequent check-ins on their portfolio. Dividends tend to feature prominently as par...
Some investors enjoy a more active approach to owning stocks, keeping tabs on the market's daily ins and outs, and trading on a relatively regular basis in an effort to buy at lows and lock in profits at highs. Other investors, however, are less interested in activity, and are content to simply buy and hold without frequent check-ins on their portfolio. Dividends tend to feature prominently as part of their plan, which (ironically) often yields better net returns than those achieved by their more active counterparts. If the latter style sounds more like you, here's a rundown of three stocks that can sustain decades of passive income, whether you want to spend that cash flow or just reinvest those dividends in more shares of the stock that's paying them. 1. Bank of America You're probably aware that Warren Buffett's Berkshire Hathaway has been scaling back its stake in Bank of America (NYSE: BAC) in a big way. All told, as of the latest count Berkshire's sold a little over 90 million shares of the bank -- roughly one-tenth of its total position -- within just the past couple of weeks, collecting proceeds of nearly $4 billion. Buffett's growing disinterest on owning this bank is understandably concerning. However, there may not be nearly as much to the matter as is being suggested. Capital-gains tax rates could be rising soon, and having grown to become Berkshire's second-biggest position, Buffett may simply be thinking strategically about ways to cost-effectively balance the portfolio. In this same vein, Berkshire's also recently sold a bunch of its stake in Apple, which is by far its single biggest position. Just because the Oracle of Omaha is scaling back his stake in BofA, however, doesn't mean it's not a good fit for your portfolio. It's still a particularly strong dividend stock, currently boasting a forward-looking dividend yield of nearly 2.8%. And that's based on a dividend, by the way, that's grown every year since 2016 at an average annualized growth rate o...
Gerville/iStock via Getty Images Note: I have covered FuelCell Energy, Inc. or "FuelCell Energy" ( FCEL , FCELB ) previously, so investors should consider this article an update to my earlier work on the company. Earnings Review On Monday, FuelCell Energy reported mixed Q1/FY2026 results with lower-than-expected losses offset by a sizeable top line miss: Company Press Releases / Regulatory Filings...
Gerville/iStock via Getty Images Note: I have covered FuelCell Energy, Inc. or "FuelCell Energy" ( FCEL , FCELB ) previously, so investors should consider this article an update to my earlier work on the company. Earnings Review On Monday, FuelCell Energy reported mixed Q1/FY2026 results with lower-than-expected losses offset by a sizeable top line miss: Company Press Releases / Regulatory Filings Based on statements made by management on the conference call , revenue recognition for two fuel cell module replacements under the company's long-term service agreement with Korean fuel cell plant operator Gyeonggi Green Energy Company Limited ("GGE") shifted into the second quarter. The remaining modules covered by the agreement will be delivered until the end of the third fiscal quarter: Company Presentation While recent restructuring initiatives have resulted in substantially reduced operating expenses, cash usage remains elevated. During Q1, FuelCell Energy burned another $36.9 million in cash. However, relentless common shareholder dilution easily offset persistent cash outflows. During the quarter, the company sold approximately 6.4 million newly issued shares into the open market for net proceeds of $54.9 million. FuelCell Energy also received $22.7 million in net proceeds from a financing transaction with the Export-Import Bank of the United States ("EXIM"). The company also received the remaining $4.0 million in funding under a legacy tax equity financing agreement with East West Bancorp, Inc. ( EWBC ). Subsequent to quarter-end, FuelCell Energy sold an additional 0.3 million common shares into the open market for net proceeds of $2.5 million. The company ended the quarter with $311.8 million in unrestricted cash and cash equivalents and $67.8 million in restricted cash. Funded debt amounted to $143.4 million. Company Presentation AI Data Center - Superior Competition As usual, management spent most of the conference call elaborating on the company's data center ...
Three brothers, including two of America’s most successful luxury real estate brokers, were convicted of sex trafficking charges on Monday after a five-week trial over accusations that they used drugs and force to rape scores of women they had dazzled with their wealth and opulent lifestyle. The verdict came after 11 women testified they were sexually assaulted by one or more of the brothers: twin...
Three brothers, including two of America’s most successful luxury real estate brokers, were convicted of sex trafficking charges on Monday after a five-week trial over accusations that they used drugs and force to rape scores of women they had dazzled with their wealth and opulent lifestyle. The verdict came after 11 women testified they were sexually assaulted by one or more of the brothers: twins Oren and Alon Alexander, 38, and Tal Alexander, 39. All three of the men shook their heads as the jury foreperson said “guilty” 19 straight times. Tal Alexander dropped his head into his crossed arms. Sentencing was set for August 6, when the brothers could face life in prison. They remain jailed. Advertisement Marc Agnifilo, a defence lawyer who spoke outside the courthouse, said he would appeal the verdict. Real estate brokers Tal Alexander and Oren Alexander at their home on Miami Beach in 2019. File photo: TNS “We believe in our clients’ innocence and we’re not going to stop fighting until we prevail, and we believe that we will one day prevail,” he said.
HSBC Holdings Plc said customer-facing staff in Hong Kong, including traders and salespeople, must either be with clients or in the office five days a week, ending the pandemic era of work from home for frontline personnel in the city. The new demands, outlined in an internal memo that detailed the updated hybrid working approach, come into effect on April 1. In addition, managing directors and se...
HSBC Holdings Plc said customer-facing staff in Hong Kong, including traders and salespeople, must either be with clients or in the office five days a week, ending the pandemic era of work from home for frontline personnel in the city. The new demands, outlined in an internal memo that detailed the updated hybrid working approach, come into effect on April 1. In addition, managing directors and senior staff who have direct reports are expected to come to the office at least four days a week, while attendance for all other staff in Hong Kong will be at least three days a week, of which one day must be either a Monday or a Friday subject to office space availability, the memo said. “To our people managers, you are instrumental in driving good practice and experience,” the memo said. “We ask you to role model the change with clear guidance.” A spokesperson for HSBC confirmed the contents of the memo and said these practices are already embraced by many staff. HSBC is the biggest bank in Hong Kong and employs more than 20,000 staff in the Asian financial hub. The lender last year asked all managing directors to work in the office for at least four days a week to “set the tone from the top.” Six years after the pandemic fueled an unprecedented boom in remote work, bank executives have become more vocal in their insistence that workers should return to the office. US banks have summoned staffers back to the office at a faster rate than their European rivals, with JPMorgan Chase & Co. last year telling all its employees to be in five days a week. London-based peer Standard Chartered Plc has maintained a high degree of flexibility, with Chief Executive Officer Bill Winters last year saying he didn’t see a need to force senior bankers to be in the office more.