He said there are "uncomfortable" topics that people want to talk about, including migration and Islamism, and he will want to see if the definition "allows people to speak about that" or will the examples be "very narrow".
He said there are "uncomfortable" topics that people want to talk about, including migration and Islamism, and he will want to see if the definition "allows people to speak about that" or will the examples be "very narrow".
Douglas Rissing/iStock via Getty Images By Jeff Blazek, CFA The Middle East conflict and its uncertainties, together with a shaky job market, challenge risk assets and growth. Vigilant of the risks on all fronts, we remain constructive in our positioning. There has been significant volatility across risk assets since the U.S.-Israel military strikes on Iran commenced nine days ago, but the moves t...
Douglas Rissing/iStock via Getty Images By Jeff Blazek, CFA The Middle East conflict and its uncertainties, together with a shaky job market, challenge risk assets and growth. Vigilant of the risks on all fronts, we remain constructive in our positioning. There has been significant volatility across risk assets since the U.S.-Israel military strikes on Iran commenced nine days ago, but the moves thus far have been largely within expectations, given the scale of what is at stake. These profound events have fundamentally altered the geopolitical landscape of the Middle East and forced the de facto closure of the most important energy chokepoint in the world, the Strait of Hormuz. Approximately 20 million barrels of oil per day and nearly a fifth of global LNG supply transit through the Strait, underscoring the severity of the energy price shock risk to the global economy if it remains impaired for any meaningful duration, the key variable in our scenario analysis, “ Risks to Oil from Iran: The Price Uncertainty Flows Through Hormuz ”. As we outlined in that analysis, there are four likely scenarios, and in three of them, including a regime change, the disruption—while serious—remains manageable for global growth. However, it is the fourth—a prolonged, intense conflict with sustained interruption to oil flows over many months—that introduces a genuine risk of meaningful equity correction and the kind of demand destruction that would alter our outlook materially. While we do not assign a high probability to that outcome at this stage, we are watching closely for it. Indeed, at the time of writing, there was little sign of deescalation, and the Strait was essentially closed, pushing oil and natural gas prices up toward their highest levels since Russia invaded Ukraine in 2022. As striking as those price moves are, Friday’s unexpectedly weak U.S. nonfarm payrolls print served as a sharp reminder that the conflict is not the only force complicating the macro outlook. Ricoc...
Signet Jewelers ( SIG ) reported preliminary results for the fourth quarter of fiscal 2026, indicating steady sales performance despite a slight decline in comparable store activity. For the fourth quarter, the company expects sales between $2.34 billion and $2.35 billion, almost flat from prior year quarter and slightly ahead of the $2.33 billion market consensus. However, same-store sales ( SSS ...
Signet Jewelers ( SIG ) reported preliminary results for the fourth quarter of fiscal 2026, indicating steady sales performance despite a slight decline in comparable store activity. For the fourth quarter, the company expects sales between $2.34 billion and $2.35 billion, almost flat from prior year quarter and slightly ahead of the $2.33 billion market consensus. However, same-store sales ( SSS ) are projected to decline between 0.9% and 0.7% compared with the fourth quarter of fiscal 2025. Merchandise average unit retail ( AUR ) increasing approximately 4% to 5% year-over-year. On the profitability side, the company expects operating income between $313 million and $318 million, while adjusted operating income is estimated at $322 million to $327 million for the quarter. For the full fiscal year 2026, the company expects total sales of around $6.8 billion, broadly in line with analyst consensus estimates. Same-store sales are projected to rise between 1.2% and 1.3% compared with fiscal 2025, reflecting modest growth in comparable store performance. The company also reported continued pricing gains for the year, with AUR increasing approximately 6% to 7% year-over-year. In terms of profitability, full-year operating income is expected to range from $388 million to $393 million, while adjusted operating income is projected between $510 million and $515 million. SIG +1.2% premarket to $91.85 Source: Press Release More on Signet Signet Jewelers: Fundamentally A Better Business Today These are some of the biggest retail sector beneficiaries of the India-U.S. trade deal ClearBridge Small Cap Strategy adds Upwork, exits Alexander & Baldwin in Q4 Seeking Alpha’s Quant Rating on Signet Historical earnings data for Signet
TLDR Billionaire investor Leo KoGuan increased his NVIDIA position to 2 million shares with approximately $350M investment KoGuan stated his purchase aims to “contribute a little to calm the nervous market” The investment occurred during a global market downturn sparked by military operations involving the U.S. and Israel against Iran Year-to-date, NVDA has declined roughly 5%; his major Tesla (TS...
TLDR Billionaire investor Leo KoGuan increased his NVIDIA position to 2 million shares with approximately $350M investment KoGuan stated his purchase aims to “contribute a little to calm the nervous market” The investment occurred during a global market downturn sparked by military operations involving the U.S. and Israel against Iran Year-to-date, NVDA has declined roughly 5%; his major Tesla (TSLA) position has fallen nearly 12% The billionaire views NVIDIA as today’s AI infrastructure leader, drawing parallels to Cisco’s dominance in the 1990s internet boom Chinese billionaire Leo KoGuan, widely recognized as one of Tesla’s most prominent individual investors, has made a significant move into NVIDIA. Through posts on X, he revealed purchasing another 1 million NVDA shares, doubling his position to 2 million total shares. NVIDIA Corporation, NVDA Based on recent market prices, the investment is valued at approximately $350 million. KoGuan executed the purchases in rapid succession, announcing the initial million-share acquisition just days before completing the second. He expressed hope that his investment might “contribute a little to calm the nervous market.” The strategic timing coincides with heightened geopolitical uncertainty. Last month’s U.S. and Israeli military strikes against Iran sparked widespread selling across equity and bond markets worldwide, shaking investor sentiment. Through Friday’s closing bell, NVDA has retreated approximately 5% year-to-date. Tesla, which remains a cornerstone of KoGuan’s portfolio, has slumped nearly 12% during the same timeframe. By comparison, the S&P 500 has dipped less than 2%. Why NVIDIA? KoGuan’s investment strategy has consistently focused on identifying companies that serve as foundational infrastructure for transformative technological shifts. He made a substantial early commitment to Tesla in 2019, eventually becoming among its largest individual stakeholders. His rationale for investing in NVIDIA mirrors this ap...
Good morning . Iran signals no letup as it picks a new leader. Consumers are fast feeling the effects as oil soars above $100 a barrel. And AI demand triggers a historic memory-chip shortage. Listen to the day’s top stories . S&P 500 Futures 6,671.75 -1.07% Nasdaq 100 Futures 24,386.5 -1.15% Bloomberg Dollar Spot Index 1,207.25 +0.35% Iran named the hardline son of the late Ayatollah Ali Khamenei ...
Good morning . Iran signals no letup as it picks a new leader. Consumers are fast feeling the effects as oil soars above $100 a barrel. And AI demand triggers a historic memory-chip shortage. Listen to the day’s top stories . S&P 500 Futures 6,671.75 -1.07% Nasdaq 100 Futures 24,386.5 -1.15% Bloomberg Dollar Spot Index 1,207.25 +0.35% Iran named the hardline son of the late Ayatollah Ali Khamenei as its new supreme leader , signaling that the Islamic Republic won’t back down in the conflict, while Donald Trump called $100 oil a “small price to pay.” Mojtaba Khamenei not only faces the US and Israeli war machine but also anger at home . Oil prices soared, briefly touching levels close to $120 a barrel as more major Middle East producers cut output. The Group of Seven of the world’s leading economies is said to be discussing the joint release of crude reserves . Consumers worldwide, whether they’re driving, flying or just trying to heat their homes, are fast feeling the effects . Stay on top of the latest developments with our blog. Wider markets are still feeling the heat as stocks tumble. Veteran strategist Ed Yardeni said he sees a 35% probability of a US equity meltdown, describing the current environment as “ fast-moving times .” Watch this video for the latest market insights . Trump is said to be weighing the option of deploying special forces on the ground to seize Iran’s near-bomb-grade uranium . US officials are concerned about the stockpile’s location after strikes on Iranian nuclear facilities last June disrupted monitoring . Investigators Probe Terrorism Link to IED Near Mamdani’s Home Read the Story Deep Dive: Hungry for Chips The AI boom isn’t just reshaping data centers: it’s disrupting the global memory-chip market, with the strain spilling over into smartphones, PCs, cars, and gaming consoles, and driving prices higher . The rapid buildout is crowding out everyone else. Tech companies are on track to spend a staggering $650 billion in 2026, up about ...
Pinnacle Associates Ltd. cut its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 8.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,739 shares of the electric vehicle producer's stock after selling 4,978 shares during the quarter. Pinnacle Associates Ltd.'s holdings in Tesla were worth $22,565,000 ...
Pinnacle Associates Ltd. cut its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 8.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,739 shares of the electric vehicle producer's stock after selling 4,978 shares during the quarter. Pinnacle Associates Ltd.'s holdings in Tesla were worth $22,565,000 as of its most recent SEC filing. A number of other hedge funds have also bought and sold shares of TSLA. Chapman Financial Group LLC bought a new stake in shares of Tesla in the 2nd quarter worth about $26,000. Manning & Napier Advisors LLC bought a new position in Tesla during the 3rd quarter valued at about $29,000. CoreFirst Bank & Trust purchased a new stake in Tesla in the 2nd quarter worth about $30,000. ESL Trust Services LLC lifted its stake in Tesla by 1,900.0% in the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer's stock worth $32,000 after purchasing an additional 95 shares during the last quarter. Finally, Delos Wealth Advisors LLC bought a new stake in Tesla in the second quarter worth about $32,000. Institutional investors own 66.20% of the company's stock. Get Tesla alerts: Sign Up Tesla Stock Down 2.2% Shares of NASDAQ:TSLA opened at $396.73 on Monday. The business's 50 day moving average is $425.17 and its 200 day moving average is $424.02. The stock has a market cap of $1.49 trillion, a P/E ratio of 367.34, a price-to-earnings-growth ratio of 11.73 and a beta of 1.89. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $498.83. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a...
New York, March 9, 2026, 05:45 EDT Micron shares dropped roughly 7% ahead of the open, with U.S. equity futures also under pressure. Micron is set to join the S&P 100, S&P Dow Jones Indices said, with the change taking effect March 23. Micron’s results land March 18, and investors are zeroed in on what they reveal about AI-fueled appetite for memory chips. Micron Technology shares fell sharply bef...
New York, March 9, 2026, 05:45 EDT Micron shares dropped roughly 7% ahead of the open, with U.S. equity futures also under pressure. Micron is set to join the S&P 100, S&P Dow Jones Indices said, with the change taking effect March 23. Micron’s results land March 18, and investors are zeroed in on what they reveal about AI-fueled appetite for memory chips. Micron Technology shares fell sharply before the bell Monday, dropping roughly 6.7% to $370.30. U.S. stock index futures lost more than 1% and oil prices spiked, turning up the heat on risk assets. Reuters Timing’s critical here. Micron faces a pivotal stretch: an index reshuffle coming up could trigger buying by certain funds, plus an earnings release that will gauge if the memory sector’s rally can keep running. The S&P 100, pulling from the bigger S&P 500, focuses on 100 major U.S. names and serves as a popular gauge for index fund managers. When a stock gets added, passive flows typically shift to accommodate the newcomer. S&P Dow Jones Indices plans to slot Micron into the S&P 100 before the bell on March 23, putting it in with Lam Research, Applied Materials, and GE Vernova. PayPal, AIG, MetLife, and Target will get the boot, according to TheFly. TipRanks Micron’s results land March 18. According to a recent commentary on Nasdaq.com, analysts see revenue having more than doubled. The piece also points out that what management says about the coming quarter could set the tone for where the stock heads next. Nasdaq Micron, headquartered in Boise, Idaho, produces memory chips for phones, PCs, and data centers. Its foothold in high-bandwidth memory (HBM)—a speedy DRAM variant that sits close to AI accelerators and shuttles data rapidly—has made the company a favorite with investors. Tough macro setting: Oil hovered close to $120 a barrel, Reuters said, while volatility picked up with the Iran war grinding on. Nasdaq 100 futures slipped around 1.65% early. Reuters Index committees usually stick with well-known com...
Michael Vi/iStock Editorial via Getty Images Roche ( RHHBF ) ( RHHBY ) shares fell after the Swiss drugmaker’s investigational breast cancer pill failed to meet the primary goal of a late-stage breast cancer trial. The persevERA Breast Cancer study found that giredestrant combined with palbociclib, an older drug developed by Pfizer ( PFE ), did not meet its main goal of significantly improving pro...
Michael Vi/iStock Editorial via Getty Images Roche ( RHHBF ) ( RHHBY ) shares fell after the Swiss drugmaker’s investigational breast cancer pill failed to meet the primary goal of a late-stage breast cancer trial. The persevERA Breast Cancer study found that giredestrant combined with palbociclib, an older drug developed by Pfizer ( PFE ), did not meet its main goal of significantly improving progression-free survival compared with letrozole plus palbociclib, though the results showed a numerical improvement. Side effects from the giredestrant combination were manageable and consistent with the known safety profiles of the treatments. The phase III trial enrolled 992 patients worldwide and evaluated the two combinations as first-line treatments for ER-positive, HER2-negative advanced or metastatic breast cancer. Giredestrant is Roche’s ( RHHBF ) ( RHHBY ) most advanced next-generation hormone therapy, part of a new class known as selective estrogen receptor degraders. It is being investigated in five company-sponsored phase III clinical trials that span multiple treatment settings and lines of therapy. persevERA is the first of two distinct phase III studies in the first-line setting. pionERA study of giredestrant in combination with the physician’s choice of CDK4/6 inhibitor in endocrine-resistant ER-positive breast cancer is expected to readout in 2027. Roche ( RHHBF ) ( RHHBY ) shares fell as much as -7.5% in early Zurich trading. The results follow disappointing findings last week from a study of an experimental obesity drug being developed by Roche Holding and Zealand Pharma. The injectable therapy produced 10.7% weight loss after 42 weeks of treatment, falling short of industry expectations. More on Roche Holding, Pfizer Pfizer: Obesity Hype And Vaccine Policy Shocks Pfizer's Portfolio Renewal In Progress - High Yields For The Patient Pfizer's Quiet Cash Comeback Roche continues to expect tariff impact on diagnostics despite U.S. deal FDA vaccine chief to lea...
South African government bonds extended their worst selloff since the Covid pandemic as concern mounted that soaring oil prices and a weaker rand will fuel inflation, forcing the central bank to resume interest-rate increases. The benchmark government 10-year yield jumped 33 basis points on Monday, taking its rise since the start of the Iran war to almost 90 basis points, the most in a similar per...
South African government bonds extended their worst selloff since the Covid pandemic as concern mounted that soaring oil prices and a weaker rand will fuel inflation, forcing the central bank to resume interest-rate increases. The benchmark government 10-year yield jumped 33 basis points on Monday, taking its rise since the start of the Iran war to almost 90 basis points, the most in a similar period since March 2020, when Covid lockdowns roiled global markets. Traders have priced out any chance of a rate cut when South African Reserve Bank policymakers meet later this month, and are now positioning for hikes. Forward-rate agreements are pricing in about a 40% chance of a 25-basis-point increase by year-end. As recently as last month, they were betting on 50 basis points of cuts. “Clearly, the market pricing out all the rate cuts by SARB makes sense as there are first order and second order effects of the rise in crude oil that impacts on local fuel and diesel and spillover into CPI,” said Michael Grobler , a fixed-income strategist at Ashburton Fund Managers Ltd. “The SARB will be hesitant to cut for the foreseeable future.” During the pandemic, South Africa’s central bank stepped in as a buyer of government bonds as liquidity dried up. While the situation doesn’t yet call for similar intervention, traders will closely watch Tuesday’s bond auction for signs of stress, said Michelle Wohlberg , a fixed-income analyst at Rand Merchant Bank. “It’s probably a little soon to expect a SARB intervention just yet, but obviously the move higher in yields will result in margin calls on futures positions etc., which will result in the need for more liquidity in the market,” she said. The selloff has reversed a rally that drove South African yields to decade-lows last month amid confidence the SARB is on track to meet its 3% inflation target, while the economy benefited from elevated precious-metal prices. That conviction is now fading. Higher energy costs may feed through to p...