A market sell-off resumed on both sides of the Atlantic on Thursday as fears mounted that there would be no quick resolution to the conflict in the Middle East. Early gains in European markets, which had followed a rebound in Asia, were wiped out in later trading and Wall Street was also trading sharply lower by early afternoon in New York. The US-Israel war with Iran has driven up the price of oi...
A market sell-off resumed on both sides of the Atlantic on Thursday as fears mounted that there would be no quick resolution to the conflict in the Middle East. Early gains in European markets, which had followed a rebound in Asia, were wiped out in later trading and Wall Street was also trading sharply lower by early afternoon in New York. The US-Israel war with Iran has driven up the price of oil and gas, triggering fears of a renewed inflation shock and dampening hopes of interest rate cuts. In London the FSTE 100 closed down 1.5% or 154 points at 10,414 while Germany’s DAX and Italy’s FTSE MIB both fell 1.6%. France’s CAC closed down 1.5% and Spain’s IBEX was down 1.4%. In the US the Dow Jones was down 2%, the S&P 500 was down 1.3% and the Nasdaq was off about 1%. Meanwhile oil prices continued to rise, with a barrel of Brent crude up 4% on Thursday at nearly $85. European gas prices were up more than 3%. Brent crude has jumped 15% in the past five days. “The optimism which helped lift Asian and European markets early in the day evaporated like water droplets on a smouldering stove top,” said Danni Hewson, head of financial analysis at AJ Bell. “It’s becoming harder to see a quick resolution to the conflict in the Middle East and that in turn is forcing markets to look again at their interest rate expectations for the coming months.” In the UK, the more domestic-focused FTSE 250 closed down 0.9%, at 22,700.20. Among the biggest fallers was Wizz Air, which has cancelled flights to and from Israel, Dubai, Abu Dhabi and Amman until 15 March, as the airline warned of a €50m (£43m) hit to annual profits, also reflecting the impact of higher jet fuel costs. Its shares fell 11.3%. FTSE 100 airlines were also affected, with easyJet shares dropping 5% on Thursday and British Airways’ owner IAG down 2%. Treasury yields in the US were on track to rise for a fourth consecutive day, as higher oil prices began to cast doubt on immediate interest rate cuts by the Federal Reser...
The Kurds are one of the biggest ethnic groups in the world without their own nation. Numbering between 30 and 40 million worldwide, most live amid the peaks and valleys straddling the borders of Armenia, Iraq, Iran, Syria and Turkey. The Kurds link their history to that of the Medes, an ancient Middle Eastern people. They were left stateless a century ago when the borders of the modern Middle Eas...
The Kurds are one of the biggest ethnic groups in the world without their own nation. Numbering between 30 and 40 million worldwide, most live amid the peaks and valleys straddling the borders of Armenia, Iraq, Iran, Syria and Turkey. The Kurds link their history to that of the Medes, an ancient Middle Eastern people. They were left stateless a century ago when the borders of the modern Middle East emerged from the collapsing Ottoman empire. Repeatedly caught in the bloody political competition of a volatile region and often forced to rely on their homegrown militia, the peshmerga, for defence, the Kurds say their tough and often bloody history has taught them that they have “no friends but the mountains”. Despite significant diversity, the Kurds have their own distinct culture, with a language related to Persian that has many dialects, music, cuisine and identity. Their nationalism has its roots in the late 19th century but dreams of a homeland have been repeatedly dashed, and promises made across a century or more by imperial powers such as Britain and then the US to support their national ambitions have gone unfulfilled. Most are Sunni Muslim but there are significant religious minorities. 8:39 Why does Trump want Kurdish fighters to join the war in Iran? - The Latest Since the second world war, a series of authoritarian regimes, rulers and governments in the region have brutally repressed Kurds, displacing and killing entire communities. Outside powers have sought to exploit the Kurds to gain leverage, sowing dissension and rivalry. Such interventions frequently brought disastrous results for Kurdish communities. In Turkey, a long conflict between security forces and the PKK, a leftist group that first fought for an independent Kurdish state and then autonomy, has killed more than 40,000 people and displaced many more in the country’s south-east. In Iraq, Saddam Hussein used chemical weapons against Kurds in the north, though after the Gulf war of 1991 they were...
In this article Follow your favorite stocks CREATE FREE ACCOUNT Peter Lourenco | Moment | Getty Images Stocks are wobbling amid a U.S. war with Iran, and investors may feel anxious . But volatility is a common feature of the stock market. Indeed, drops of 1%, 2% or more in a given day — though they may feel nauseating at the time — happen more often than you may think. The S&P 500 U.S. stock index...
In this article Follow your favorite stocks CREATE FREE ACCOUNT Peter Lourenco | Moment | Getty Images Stocks are wobbling amid a U.S. war with Iran, and investors may feel anxious . But volatility is a common feature of the stock market. Indeed, drops of 1%, 2% or more in a given day — though they may feel nauseating at the time — happen more often than you may think. The S&P 500 U.S. stock index, for example, has fallen 1% or more on 1,001 days over the past 30 years — or, about 33 days per year, on average, according to a Morningstar Direct analysis of market data since 1996. Over the same period, the index slipped at least 2% on 313 days, according to Morningstar. That's an average of about 10 days per year. "That's almost once a month," Charlie Fitzgerald III, a certified financial planner based in Orlando, said of the data. "These little blips happen quite often," said Fitzgerald, who is a founding member of Moisand Fitzgerald Tamayo , which ranked No. 69 on CNBC's 2025 Financial Advisor 100 . "It's what stock markets do, and it's what they've done for 100 years," he said. Investors saw such a drop earlier this week as they digested the prospect of a broadening conflict in the Middle East, and what it could mean for oil prices and the broader U.S. and global economies. For example, the S&P 500 closed 1% lower on Tuesday, and at one point in the day, it was down around 2%. "This is kind of a classic geopolitical shock," Fitzgerald said. The financial markets tend to take a "shoot first and ask questions later" mentality when extrapolating from headlines about such conflicts, Scott Wren, senior global market strategist at Wells Fargo Investment Institute, said Wednesday in a market commentary . "We believe investors need to try and keep a clear head, look through the headlines, and stick to a well thought out plan," Wren wrote. "A diversified portfolio is one key to that plan." Single days matter less than long-term trend On a single day at the start of the Covi...
onurdongel/E+ via Getty Images Antero Resources ( AR ) +3.6% in Thursday's trading as Benchmark upgraded to Buy from Hold with a $44 price target, saying the s hares have significantly trailed other oil and gas producers as gas prices withdrew from multi - year highs on strong supply. Benchmark's Subash Chandra is not calling the bottom on natural gas but feels increasingly p ositive on natural ga...
onurdongel/E+ via Getty Images Antero Resources ( AR ) +3.6% in Thursday's trading as Benchmark upgraded to Buy from Hold with a $44 price target, saying the s hares have significantly trailed other oil and gas producers as gas prices withdrew from multi - year highs on strong supply. Benchmark's Subash Chandra is not calling the bottom on natural gas but feels increasingly p ositive on natural gas exporters, which should enjoy a bump from the war in Iran as stable sources of supply, noting the U.S. is the thi rd largest exporter of propane after Qatar and the United Arab Emirates, two countries that are now in a war zone. NGLs represent a smaller share of Antero's ( AR ) business pro forma for the acquisition of HG Energy II, but the company is the largest publicly traded NGL exporter, Chandra said, adding Antero's dry gas business should yield a lower breakeven cost without sacrificing basis differentials given the company's pathways to the LNG corridor. Also, Chandra cut Talos Energy ( TALO ) to Hold from Buy following FY 2026 guidance was softer than expected despite a strong 2025, adding the 2026 drilling program is "vigorous and meaningful but recurring challenges to base production persist." The analyst also downgraded Diamondback Energy ( FANG ) and Permian Resources ( PR ) to Hold from Buy, citing valuation. More on Antero Resources Antero Resources Q4 2025 Earnings Call Presentation Antero Resources: Ending The Fiscal Year With A Bang Antero Resources: Projected FCF Boosted By Recent Transactions
On March 2, the Taipei Branch of the Administrative Enforcement Agency auctioned 33 luxury cars seized in the case. Authorities in Taiwan have indicted dozens of people linked to the Prince Group cyber-scam empire, part of a widening international crackdown on the criminal syndicate just two months after its alleged founder was extradited to the Chinese mainland. In a statement Wednesday, the Taip...
On March 2, the Taipei Branch of the Administrative Enforcement Agency auctioned 33 luxury cars seized in the case. Authorities in Taiwan have indicted dozens of people linked to the Prince Group cyber-scam empire, part of a widening international crackdown on the criminal syndicate just two months after its alleged founder was extradited to the Chinese mainland. In a statement Wednesday, the Taipei District Prosecutors Office announced charges against 62 individuals and 13 companies. A day earlier, police in Singapore arrested three men linked to Prince Group for their suspected involvement in related money-laundering crimes.
Broadcom Inc logo on building-by Poetra_ RH via Shutterstock Broadcom (AVGO) stock extended gains on Thursday after the semiconductor firm said its artificial intelligence (AI) sales more than doubled in Q1, adding AI revenue will surpass $100 billion by 2027. The post-earnings surge helped AVGO soar past its major moving averages (20-day, 50-day, 200-day), indicating bulls have firmly taken contr...
Broadcom Inc logo on building-by Poetra_ RH via Shutterstock Broadcom (AVGO) stock extended gains on Thursday after the semiconductor firm said its artificial intelligence (AI) sales more than doubled in Q1, adding AI revenue will surpass $100 billion by 2027. The post-earnings surge helped AVGO soar past its major moving averages (20-day, 50-day, 200-day), indicating bulls have firmly taken control across multiple timeframes. Despite today’s rally, Broadcom stock remains down about 5% versus its year-to-date high. Goldman Sachs Reiterates Buy Rating on Broadcom Stock Broadcom’s market-beating quarter and impressive guidance made Goldman Sachs’ senior analyst Jim Schneider maintain his “Buy” rating on the chip giant. According to Schneider, the earnings report confirms demand for AVGO’s custom AI accelerators (XPU) and networking remains in hyperdrive. Broadcom has fully secured component capacity through 2028, which Schneider believes will drive AVGO stock up to $450 by year-end, indicating potential upside of an exciting 36% from here. A 0.79% dividend yield makes the Nasdaq-listed firm even more attractive as a long-term holding. AI Tailwinds and Buybacks to Drive AVGO Shares Higher Goldman Sachs also recommends buying Broadcom shares because VMware integration has set up a stable cash-flow engine that enables the titan to aggressively reinvest in its AI roadmap. On Thursday, the company authorized an additional $10 billion share repurchase program for 2026, signaling immense confidence in AVGO’s ability to push higher as the year unfolds. While the technical breakout suggests this AI stock is now in a broader uptrend, its 14-day relative strength index (RSI) at about 50 signals the upward momentum is not out of juice just yet. Finally, Broadcom is reaping benefits of a global infrastructure refresh as enterprise data centers transition to PCIe Gen6 and Tomahawk 5 networking standards. This cyclical recovery in non-AI high-performance computing (HPC), combined wi...
Broadcom Inc logo on building-by Poetra_ RH via Shutterstock Broadcom (AVGO) stock extended gains on Thursday after the semiconductor firm said its artificial intelligence (AI) sales more than doubled in Q1, adding AI revenue will surpass $100 billion by 2027. The post-earnings surge helped AVGO soar past its major moving averages (20-day, 50-day, 200-day), indicating bulls have firmly taken contr...
Broadcom Inc logo on building-by Poetra_ RH via Shutterstock Broadcom (AVGO) stock extended gains on Thursday after the semiconductor firm said its artificial intelligence (AI) sales more than doubled in Q1, adding AI revenue will surpass $100 billion by 2027. The post-earnings surge helped AVGO soar past its major moving averages (20-day, 50-day, 200-day), indicating bulls have firmly taken control across multiple timeframes. Despite today’s rally, Broadcom stock remains down about 5% versus its year-to-date high. Goldman Sachs Reiterates Buy Rating on Broadcom Stock Broadcom’s market-beating quarter and impressive guidance made Goldman Sachs’ senior analyst Jim Schneider maintain his “Buy” rating on the chip giant. According to Schneider, the earnings report confirms demand for AVGO’s custom AI accelerators (XPU) and networking remains in hyperdrive. Broadcom has fully secured component capacity through 2028, which Schneider believes will drive AVGO stock up to $450 by year-end, indicating potential upside of an exciting 36% from here. A 0.79% dividend yield makes the Nasdaq-listed firm even more attractive as a long-term holding. AI Tailwinds and Buybacks to Drive AVGO Shares Higher Goldman Sachs also recommends buying Broadcom shares because VMware integration has set up a stable cash-flow engine that enables the titan to aggressively reinvest in its AI roadmap. On Thursday, the company authorized an additional $10 billion share repurchase program for 2026, signaling immense confidence in AVGO’s ability to push higher as the year unfolds. While the technical breakout suggests this AI stock is now in a broader uptrend, its 14-day relative strength index (RSI) at about 50 signals the upward momentum is not out of juice just yet. Finally, Broadcom is reaping benefits of a global infrastructure refresh as enterprise data centers transition to PCIe Gen6 and Tomahawk 5 networking standards. This cyclical recovery in non-AI high-performance computing (HPC), combined wi...
亞冠二｜8強首回合曼谷聯主場2比1擊敗淡濱尼流浪 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】亞冠二級聯賽8強首回合，曼谷聯主場以2比1擊敗淡濱尼流浪。 藍衫曼谷聯11分鐘就在主場收大禮，淡濱尼流浪隊長布哈利，...
亞冠二｜8強首回合曼谷聯主場2比1擊敗淡濱尼流浪 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】亞冠二級聯賽8強首回合，曼谷聯主場以2比1擊敗淡濱尼流浪。 藍衫曼谷聯11分鐘就在主場收大禮，淡濱尼流浪隊長布哈利，這樣脫手都有？高素域近門加一腳，領先1比0。布哈利一手一腳連累淡濱尼流浪，傳球力量剛剛好，是剛剛好送給人搶，輪到比查奧查說多謝了，順勢抽入，曼谷聯7分鐘後贏到兩球。 很多時候，沒有犯錯就沒有入球，這場又驗證到了，換邊後輪到曼谷聯的菲臘美亞出事，被布夏基亞截到，長驅直進，順就自己熨角了，沒有太多攻勢的淡濱尼流浪，80分鐘追回一球。菲臘美亞又出醜，控球甩到這樣，送個單刀給東川続，惟有飛身阻止，這樣礙眼還要爭拗？兩黃一紅。 曼谷聯十人應戰，總算守住贏2比1，下星期四作客新加坡，次回合見了。
Alibaba Group Holding Ltd. is facing a leadership shakeup in its artificial intelligence division just as the company accelerates its push into AI models, tools, and infrastructure. Qwen AI Tech Lead Steps Down Junyang Lin, the technical leader behind Alibaba's Qwen AI model, stepped down from the project in a surprise move that sparked strong reactions from the developer community. Lin, also know...
Alibaba Group Holding Ltd. is facing a leadership shakeup in its artificial intelligence division just as the company accelerates its push into AI models, tools, and infrastructure. Qwen AI Tech Lead Steps Down Junyang Lin, the technical leader behind Alibaba's Qwen AI model, stepped down from the project in a surprise move that sparked strong reactions from the developer community. Lin, also known as Justin, announced on X that he was leaving his role as Qwen's tech lead without providing further details. He joined Alibaba in July 2019 and joined the Qwen team in April 2023. His exit came one day after Alibaba unveiled its Qwen 3.5 open-weight small models, TechCrunch reported on Wednesday. Don't Miss: Lin played a key role in building the Qwen model family, which Alibaba introduced in April 2023 and later opened to the public after receiving regulatory approval. Recent Qwen releases have posted benchmark results that often rival leading U.S. AI systems. AI Community Reacts To Departure Lin's departure triggered strong responses from colleagues and partners who described his role in the project as central. Wenting Zhao, a research scientist on the Qwen team, called the move "the end of an era" and thanked Lin for helping advance the project's open-source AI work. Yuchen Jin, chief technology officer of AI infrastructure startup Hyperbolic, said Lin helped connect Qwen with the global developer community. Elon Musk wrote on X that the models showed "impressive intelligence density." See Also: Own the Characters, Not Just the Content: Inside a Fast-Growing Pre-IPO IP Company Alibaba Expands AI Ecosystem Alibaba continues to expand its AI ecosystem by unifying its models under the Qwen brand, building developer tools, and investing in its own AI hardware. During the Lunar New Year period, users placed nearly 200 million "one-sentence" orders through the Qwen app. The company's cloud division also launched a low-cost AI coding platform that provides developers access t...
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Charles Schwab Chief Investment Strategist Liz Ann Sonders and Morgan Stanley US Housing Strategist Co-Head, Securitized Products James Egan. (Source: Bloomberg)
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Charles Schwab Chief Investment Strategist Liz Ann Sonders and Morgan Stanley US Housing Strategist Co-Head, Securitized Products James Egan. (Source: Bloomberg)
A group of 24 US states will sue President Donald Trump’s administration on Thursday in the first legal challenge to his newly imposed 10 per cent global tariffs, alleging that the president cannot sidestep a recent US Supreme Court ruling that invalidated most of his previous tariffs on imported goods by citing new legal authority, according to the states. The Democratic-led states, including Ne...
A group of 24 US states will sue President Donald Trump’s administration on Thursday in the first legal challenge to his newly imposed 10 per cent global tariffs, alleging that the president cannot sidestep a recent US Supreme Court ruling that invalidated most of his previous tariffs on imported goods by citing new legal authority, according to the states. The Democratic-led states, including New York, California and Oregon, argue the new tariffs, which Trump announced immediately after the high court ruling on February 20, are also illegal. The tariffs were imposed for 150 days under the Trade Act of 1974, which is meant to address short-term monetary emergencies, not routine trade deficits that arise when a wealthy nation like the United States imports more than it exports, according to the states’ lawsuit which will be filed in the New York-based US Court of International Trade. Advertisement “The focus right now should be on paying people back, not doubling down on illegal tariffs,” Oregon’s Attorney General Dan Rayfield said. Trump’s February 20 executive order imposed a 10 per cent tariff on imports, but US Treasury Secretary Scott Bessent said on Wednesday that those rates would probably rise to 15 per cent later this week. Shipping containers are stacked at the Port of Los Angeles in California on Wednesday. Photo: EPA Trump has made tariffs a central pillar of his foreign policy in his second term, claiming sweeping authority to issue tariffs without input from Congress.
PonyWang/E+ via Getty Images Thesis I last covered Revolution Medicines ( RVMD ) back in late January. If you remember back then, the stock had just plummeted due to news that Merck ( MRK ) had just walked away from talks about an acquisition. At the time, it brought the stock price down from the $120 range to the $100 range. I am choosing to cover Revolution again, specifically now because of two...
PonyWang/E+ via Getty Images Thesis I last covered Revolution Medicines ( RVMD ) back in late January. If you remember back then, the stock had just plummeted due to news that Merck ( MRK ) had just walked away from talks about an acquisition. At the time, it brought the stock price down from the $120 range to the $100 range. I am choosing to cover Revolution again, specifically now because of two things. Firstly, a couple of weeks ago, we saw them report FY25/4Q25 earnings , but I also wanted to wait until after we heard from management at the TD Cowen Annual Conference. As you know, the upcoming RASolute 302 readout is going to be a major catalyst for this stock, so I think it's worth taking a look at what management told us about the upcoming readout. We can expect the data sometime in 1H26. As I will explain, the main thing to be focused on here is the overall survival rate we see in the trial. As for the current stock price, despite the sell-off at the end of January, shares still look heavily overvalued. That's because a large portion of a positive outcome for Revolution this year has been priced into the stock. It makes shares quite high risk, and for that reason, I have chosen to go with a hold rating again on the stock. However, I am going to give my thoughts on what we heard from management on the call and assess the potential upside of a positive trial outcome. In my previous coverage, I gave a detailed look at the potential TAM for daraxonrasib as well as how the treatment works. 4Q25/FY25 Financial Recap A couple of weeks ago, Revolution reported FY25/4Q25 results . I think it's safe to say we saw some higher operating costs that resulted in a widening net loss for FY25. But this was somewhat expected since they’re trying to transition into a late-stage, Phase 3 development biotech, a status which naturally comes with higher research costs. For FY25, the R&D expense jumped to about $987.3 million, up from the $592.2 million we saw back in 2024. It’s a h...
Yauhen Akulich/iStock via Getty Images Market Review US equities rose in the fourth quarter, as optimism about the future path of interest rates, evolving sentiment about artificial intelligence (AI), and strong earnings results drove market behavior. The period was marked by signs that the months long technology-driven rally fueled by enthusiasm for AI was entering a new phase. After surging in O...
Yauhen Akulich/iStock via Getty Images Market Review US equities rose in the fourth quarter, as optimism about the future path of interest rates, evolving sentiment about artificial intelligence (AI), and strong earnings results drove market behavior. The period was marked by signs that the months long technology-driven rally fueled by enthusiasm for AI was entering a new phase. After surging in October, AI stocks came under selling pressure in November and rebounded haltingly in December. Notably, of the top five contributors to the S&P 500 Index's performance in the fourth quarter, three were members of the so-called "Magnificent Seven" group of mega-cap US Big Tech stocks and accounted for 74% of the index's total gain. Speculation about the interest rate-policy paths of key central banks hung over markets during the period, with the focus squarely on the US Federal Reserve. The Fed, which has been seeking to balance the competing pressures of a cooling US labor market and stubbornly high domestic inflation, lowered interest rates by 25-basis points (BPs) at three consecutive policy meetings in September, October, and December despite sharp disagreements emerging among Fed officials about the path ahead for US interest rates. After warning earlier in the period that further reductions in borrowing costs were not a "foregone conclusion," the Fed signaled in December that it would likely pause its current rate-cutting campaign as it collects more data to assess the direction of the labor market and inflation. Despite the likelihood that borrowing costs would remain at their current level for the foreseeable future, investors were encouraged by the Fed's pivot to a less hawkish interest rate-policy stance, which in turn sparked a market rally. The yield on the benchmark 10-year US Treasury note ended the quarter at 4.17%, 2 bps higher than three months earlier. The results from the latest earnings season painted an encouraging picture of how company profits have hel...
Earnings Call Insights: Intrepid Potash, Inc. (IPI) Q4 2025 Management View CEO Kevin Crutchfield stated that Intrepid delivered strong fourth quarter results, highlighting adjusted net income of $6.5 million and adjusted EBITDA of $18.1 million, with a full-year adjusted EBITDA of $63 million, "one of the best prints since 2016 and represents an almost 80% improvement compared to 2024." Crutchfie...
Earnings Call Insights: Intrepid Potash, Inc. (IPI) Q4 2025 Management View CEO Kevin Crutchfield stated that Intrepid delivered strong fourth quarter results, highlighting adjusted net income of $6.5 million and adjusted EBITDA of $18.1 million, with a full-year adjusted EBITDA of $63 million, "one of the best prints since 2016 and represents an almost 80% improvement compared to 2024." Crutchfield attributed the performance to steady demand for core fertilizer products, with combined potash and Trio sales volumes of just over 590,000 tons, a 20% increase from 2024, and a company record of 303,000 tons of Trio sales. The CEO emphasized improvements in cost of goods sold per ton for both potash and Trio and noted "increasing pricing"—especially in Trio, where fourth quarter average realized price hit $379 per ton, 20% higher than the first quarter of 2025. Strategic updates included deferring a decision on the AMAX cavern project until at least 2027 and confidence in sustaining HB potash production without AMAX. Crutchfield announced, "For Trio, our operational performance continues to be very strong, and we recently placed another new continuous miner into service." The CEO discussed progress on the Wendover lithium project, mentioning a joint development agreement with Aquatech and Adionics and a forthcoming technical report showing a measured and indicated resource of approximately 119,000 tons of lithium carbonate equivalent, with a potential project life of roughly 25 years at a 5,000-ton-per-year estimated capacity. There is an $8 million deposit held from a potential buyer for South Ranch, with expectations that a deal could close in the first half of 2026. CFO Matt Preston reported, "Our total fertilizer sales volumes of 592,000 tons were almost 100,000 tons higher than 2024 and reached a level not seen since 2018." Outlook Preston provided 2026 production guidance, expecting Trio output of 285,000 to 300,000 tons, representing a year-over-year increase of a...