Murlough Nature Reserve, Dundrum, County Down: Its arrival signals the start of summer, and another cycle of its extraordinary breeding method Sheltered from the Irish Sea by the towering white foredunes of Murlough beach , I follow a trail through the heather and scrub. In the distance, the Mourne mountains slip in and out of view, already charred by this year’s wildfires . My attention turns to ...
Murlough Nature Reserve, Dundrum, County Down: Its arrival signals the start of summer, and another cycle of its extraordinary breeding method Sheltered from the Irish Sea by the towering white foredunes of Murlough beach , I follow a trail through the heather and scrub. In the distance, the Mourne mountains slip in and out of view, already charred by this year’s wildfires . My attention turns to the season’s happier signs: sand martins chittering overhead; the scratchy cries of a whitethroat deep in the gorse; a meadow pipit stuttering into song flight. And now, the chant that clinches summer’s arrival . I follow the cuckoo’s call and find him perched in a stunted sycamore. Through binoculars, I meet his orange eye. As he leans into his song, his jaunty tail and drooping wings make a fin for the long torpedo of his body – the ideal form for a life lived on the move . Continue reading...
Hi, this is Andrea in Prague. Welcome to our weekly newsletter on what’s shaping economics and investments from the Baltic Sea to the Balkans. You can subscribe here . Defending Defense When Czech billionaire Michal Strnad debuted arms manufacturer CSG on the stock exchange four months ago, the share price jumped as investors clamored for all things defense. The trajectory has been very much the o...
Hi, this is Andrea in Prague. Welcome to our weekly newsletter on what’s shaping economics and investments from the Baltic Sea to the Balkans. You can subscribe here . Defending Defense When Czech billionaire Michal Strnad debuted arms manufacturer CSG on the stock exchange four months ago, the share price jumped as investors clamored for all things defense. The trajectory has been very much the other way since then. At his office in Prague this week, though, it was an upbeat Strnad that I interviewed with my colleague Michal Kubala. Now the richest person in the European Union’s east, he brushed off any problems following the largest-ever initial public offering of a pure-play defense firm. Despite the noise, selling shares was a good move, he said. The 33-year-old, whose fortune the Bloomberg Billionaires Index puts at about $20 billion, has his eyes set on the future and is planning to expand further in the US, the place he described as “the greatest opportunity.” Dressed in his usual crisp navy suit and sketching his plans on paper as he talked, Strnad said he’s focused on turning CSG into a long-term and recognized supplier to European armies. But he also wants to increase the proportion of the company’s business in the US and the Middle East. CSG is due to report earnings next week, showing the latest revenue breakdown. Strnad listed a number of deals that were announced since the IPO and said appetite for more isn’t changing. And away from CSG, Strnad has ideas for spending his own money after buying such things as a fertility clinic and Viktoria Plzen football club. He’s starting his own investment firm with a potential €10 billion ($11.7 billion) to spend. Around the Region Hungary: The country’s new finance minister pledged to tap frozen EU funds within months and to meet all criteria for euro adoption within four years as part of a “radical” economic policy shift after Viktor Orban’s rule. But the government in Budapest also risks a standoff with Brussels...
Nanci Santos/iStock via Getty Images Based on mortgage rates, home prices, and average hourly earnings, it currently takes roughly 64 hours of work to cover a monthly mortgage payment. Below is a look at this reading going back to the early 1970s so you can see how housing affordability has shifted over the last five decades. Affordability was at its worst in the late 1970s/early 1980s when mortga...
Nanci Santos/iStock via Getty Images Based on mortgage rates, home prices, and average hourly earnings, it currently takes roughly 64 hours of work to cover a monthly mortgage payment. Below is a look at this reading going back to the early 1970s so you can see how housing affordability has shifted over the last five decades. Affordability was at its worst in the late 1970s/early 1980s when mortgage rates spiked into the teens, but from there it was a steady trek lower all the way until the early 2010s as rates declined. At its nadir in 2012, it took just over 32 hours of work to cover a monthly mortgage payment, so the current number is double that. We've at least seen affordability get a little better over the last few years. At its peak in October 2023, it took 76 hours of work to cover a mortgage payment, which was the highest reading since late 1990. As you can see in the chart, while mortgage costs are indeed high relative to the last couple of decades, these types of levels were routine through the 1980s and 1990s. While affordability is worse now than it was during the ultra-low rate environment in the years after the financial crisis, homeowners are sitting on a boatload of equity. As shown below, homeowner equity plunged to just over 45% at its low point after home prices crashed in the late 2000s and early 2010s. Low mortgage rates throughout the 2010s spurred a bounce-back in both home prices and loan activity, and then when prices spiked again in the early 2020s after COVID hit, homeowners were suddenly sitting on their highest amount of equity since 1960! While home prices haven't gone up in a few years, they also haven't dropped, so that homeowner equity in the system remains a nice cushion. Speaking of home prices, below is a look at the median listing price of homes from Realtor.com data over the last ten years. After a huge move higher in listing prices in the first two years after COVID hit in early 2020, we've seen prices flat-line. The two-year ...
JBT ( JBTM ) declares $0.10/share quarterly dividend , in line with previous. Forward yield 0.32% Payable June 9; for shareholders of record May 26; ex-div May 26. See JBTM Dividend Scorecard, Yield Chart, & Dividend Growth. More on JBT JBT Marel Corporation 2026 Q1 - Results - Earnings Call Presentation JBT Marel Corporation (JBTM) Q1 2026 Earnings Call Transcript JBT Marel's Growth Plans Justify...
JBT ( JBTM ) declares $0.10/share quarterly dividend , in line with previous. Forward yield 0.32% Payable June 9; for shareholders of record May 26; ex-div May 26. See JBTM Dividend Scorecard, Yield Chart, & Dividend Growth. More on JBT JBT Marel Corporation 2026 Q1 - Results - Earnings Call Presentation JBT Marel Corporation (JBTM) Q1 2026 Earnings Call Transcript JBT Marel's Growth Plans Justify An Upgrade JBT Marel targets 5% to 7% organic CAGR through 2028 and 20% adjusted EBITDA margin in 2028 while maintaining 2026 guidance JBT Non-GAAP EPS of $1.58 beats by $0.10, revenue of $936M beats by $11.16M
National Storage Affiliates ( NSA ) declares $0.57/share quarterly dividend , in line with previous. Forward yield 5.36% Payable June 30; for shareholders of record June 15; ex-div June 15. See NSA Dividend Scorecard, Yield Chart, & Dividend Growth. More on National Storage Affiliates Public Storage And National Storage Tie The Knot Public Storage And National Storage: A Compelling Merger (But May...
National Storage Affiliates ( NSA ) declares $0.57/share quarterly dividend , in line with previous. Forward yield 5.36% Payable June 30; for shareholders of record June 15; ex-div June 15. See NSA Dividend Scorecard, Yield Chart, & Dividend Growth. More on National Storage Affiliates Public Storage And National Storage Tie The Knot Public Storage And National Storage: A Compelling Merger (But Maybe Not Short-Term) National Storage Affiliates Trust (NSA) Q4 2025 Earnings Call Transcript National Storage Affiliates Q1 2026 Earnings Preview Key deals this week: Ecolab, Novartis, 3M and more
Russian leader Vladimir Putin will pay a one-day visit to Beijing, just days after President Xi Jinping wraps up his closely watched summit with his American counterpart Donald Trump. Sources told the South China Morning Post that the visit is expected to take place later next week, on May 20. They also said the visit was part of Moscow’s routine dealings with Beijing, with little expectation that...
Russian leader Vladimir Putin will pay a one-day visit to Beijing, just days after President Xi Jinping wraps up his closely watched summit with his American counterpart Donald Trump. Sources told the South China Morning Post that the visit is expected to take place later next week, on May 20. They also said the visit was part of Moscow’s routine dealings with Beijing, with little expectation that there would be an elaborate parade or welcome. It will be the first time that China has hosted the...
Realty Income ( O ) declares $0.2705/share monthly dividend , in line with previous. Forward yield 5.24% Payable June 15; for shareholders of record May 29; ex-div May 29. See O Dividend Scorecard, Yield Chart, & Dividend Growth. More on Realty Income This Chart Changes Everything For Realty Income Realty Income Corporation 2026 Q1 - Results - Earnings Call Presentation Realty Income Q1 Earnings: ...
Realty Income ( O ) declares $0.2705/share monthly dividend , in line with previous. Forward yield 5.24% Payable June 15; for shareholders of record May 29; ex-div May 29. See O Dividend Scorecard, Yield Chart, & Dividend Growth. More on Realty Income This Chart Changes Everything For Realty Income Realty Income Corporation 2026 Q1 - Results - Earnings Call Presentation Realty Income Q1 Earnings: Topline Growth Met Flat FFO Per Share (Rating Downgrade) Realty Income raised to Buy on attractive risk-reward after Q1 earnings Earnings Scoreboard: 82% of firms post Y/Y earnings growth, 88% of S&P 500 reporting firms top EPS estimates
Victor Golmer/iStock Editorial via Getty Images Ozempic producer Novo Nordisk A/S ( NVO ) has seen quite the turnaround in its dismal price performance over the past month, with a 25% price increase. This is due to a spate of recent positive developments, which can be positive for sales, exactly as I had pointed out in my previous article in February. Here, I pick up from where I left off the last...
Victor Golmer/iStock Editorial via Getty Images Ozempic producer Novo Nordisk A/S ( NVO ) has seen quite the turnaround in its dismal price performance over the past month, with a 25% price increase. This is due to a spate of recent positive developments, which can be positive for sales, exactly as I had pointed out in my previous article in February. Here, I pick up from where I left off the last time, which builds on two of the three reasons that suggested the likely improvement in sales and adds on more. Price Chart (1m): NVO (Source: Seeking Alpha) The backdrop of multi-year lows By the time positive developments started arriving for Novo Nordisk in the third week of April, the stock was already primed for a comeback. By the end of March, it had fallen to multi-year lows, with a non-GAAP forward P/E of just 10.5x based on my earlier net income estimate of USD 14.9 billion for 2026 (EPS: USD 3.3). For context, this P/E level was a decline from the already low 14.7x when I checked last. It was also much lower than the stock's five-year average forward ratio of 29.2x. NVO then needed just a touch of good news to get going again, especially after the company's poor outlook for 2026 was released in February. And that's what happened. Ozempic's availability in oral form... After seeing an uncertain upward trudge in early April, the stock jumped up by ~7% on April 24 following positive trial results for the treatment of type 2 diabetes patients in the age range of 10-17 years with oral Ozempic. This development follows the FDA's approval for the use of the drug in pill form from Q2 2026 onwards in the US anyway. It also already has a go-ahead in the EU under the brand name Rybelsus. Going by the weak state of the diabetes care segment for Novo Nordisk, especially in the big US market, which brought in 56% of the segment's revenue in 2025, this is a particular positive. Consider the following numbers, which underline the crying need for a recovery in the market: The com...
Former US Trade Representative Katherine Tai unpacks the significance of the summit between Chinese President Xi Jinping and US President Donald Trump. She also outlines how the meeting could reshape US-China trade relations, highlighting both opportunities for cooperation and looming challenges. She speaks with Haslinda Amin on "Insight with Haslinda Amin (Source: Bloomberg)
Former US Trade Representative Katherine Tai unpacks the significance of the summit between Chinese President Xi Jinping and US President Donald Trump. She also outlines how the meeting could reshape US-China trade relations, highlighting both opportunities for cooperation and looming challenges. She speaks with Haslinda Amin on "Insight with Haslinda Amin (Source: Bloomberg)
In this article C NMR NMR HMC Follow your favorite stocks CREATE FREE ACCOUNT In an aerial view, the Honda of San Marcos dealership is seen on March 12, 2026 in San Marcos, Texas. Brandon Bell | Getty Images Shares of Honda Motor rose over 7% on Friday, even after the Japanese automaker posted its first annual operating loss in nearly 70 years. Honda swung to an operating loss of 414.3 billion yen...
In this article C NMR NMR HMC Follow your favorite stocks CREATE FREE ACCOUNT In an aerial view, the Honda of San Marcos dealership is seen on March 12, 2026 in San Marcos, Texas. Brandon Bell | Getty Images Shares of Honda Motor rose over 7% on Friday, even after the Japanese automaker posted its first annual operating loss in nearly 70 years. Honda swung to an operating loss of 414.3 billion yen ($2.61 billion) for the fiscal year ending March, compared to an operating profit of 1.2 trillion yen the year prior. Provisions made for its ailing electric vehicle business and related investments, competition from its Chinese rivals, as well as a U.S. tariff impact of 346.9 billion yen weighed on its earnings. "The business environment surrounding the Company has been changing rapidly, and the outlook remains uncertain," Honda said in its earnings statement on Thursday. Stock Chart Icon Stock chart icon As part of its efforts to reorganize its EV business, the automaker said it will cancel market launches and development of some EV models initially planned for production in North America. The Japanese automaker said it expects the restructure of its EV business to cost over $9 billion. Honda also noted that new EV makers have intensified competition in China. "Under such a challenging and competitive environment, the Company has also revised its product launch plans for certain EV models," Honda added. "We believe the positive share price reaction is driven by the company's guidance for operating and net profit, both of which came in 38% above consensus estimates," said Masahiro Akita, an analyst from Bernstein. However, Akita said it's uncertain as to whether the guidance has fully priced in possible losses linked to EV investments. The automaker, being a late entrant to the EV market, has been facing challenges amid growing competition from Chinese rivals, inflation and U.S. tariffs. Aya Adachi, an associate fellow at the Center for Geopolitics, Geoeconomics and Techn...
Weyerhaeuser ( WY ) declares $0.21/share quarterly dividend , in line with previous. Forward yield 3.6% Payable June 22; for shareholders of record June 5; ex-div June 5. See WY Dividend Scorecard, Yield Chart, & Dividend Growth. More on Weyerhaeuser Weyerhaeuser Company (WY) Q1 2026 Earnings Call Transcript Weyerhaeuser Company 2026 Q1 - Results - Earnings Call Presentation Weyerhaeuser And Lumbe...
Weyerhaeuser ( WY ) declares $0.21/share quarterly dividend , in line with previous. Forward yield 3.6% Payable June 22; for shareholders of record June 5; ex-div June 5. See WY Dividend Scorecard, Yield Chart, & Dividend Growth. More on Weyerhaeuser Weyerhaeuser Company (WY) Q1 2026 Earnings Call Transcript Weyerhaeuser Company 2026 Q1 - Results - Earnings Call Presentation Weyerhaeuser And Lumber: An Opportunity Weyerhaeuser expects $425M Strategic Land Solutions adjusted EBITDA in 2026 as lumber momentum improves Weyerhaeuser stock down as Q1 profitability falls Y/Y, Q2 likely to be largely comparable
Cboe Global Markets ( CBOE ) declares $0.72/share quarterly dividend , in line with previous. Forward yield 0.8% Payable June 15; for shareholders of record May 29; ex-div May 29. See CBOE Dividend Scorecard, Yield Chart, & Dividend Growth. More on Cboe Global Markets Cboe Global Markets, Inc. (CBOE) Q1 2026 Earnings Call Transcript Cboe Global Markets, Inc. 2026 Q1 - Results - Earnings Call Prese...
Cboe Global Markets ( CBOE ) declares $0.72/share quarterly dividend , in line with previous. Forward yield 0.8% Payable June 15; for shareholders of record May 29; ex-div May 29. See CBOE Dividend Scorecard, Yield Chart, & Dividend Growth. More on Cboe Global Markets Cboe Global Markets, Inc. (CBOE) Q1 2026 Earnings Call Transcript Cboe Global Markets, Inc. 2026 Q1 - Results - Earnings Call Presentation Cboe Global Markets: Good Hedge For High Volatility Cboe expects $100M-$120M annualized expense savings as it lowers 2026 adjusted operating expense guide to $838M-$853M Cboe stock jumps after unveiling headcount cut, trimming opex guidance
Wabash National ( WNC ) declares $0.08/share quarterly dividend , in line with previous. Forward yield 4.71% Payable July 23; for shareholders of record July 2; ex-div July 2. See WNC Dividend Scorecard, Yield Chart, & Dividend Growth. More on Wabash National Wabash National Corporation 2026 Q1 - Results - Earnings Call Presentation Wabash National Corporation (WNC) Q1 2026 Earnings Call Transcrip...
Wabash National ( WNC ) declares $0.08/share quarterly dividend , in line with previous. Forward yield 4.71% Payable July 23; for shareholders of record July 2; ex-div July 2. See WNC Dividend Scorecard, Yield Chart, & Dividend Growth. More on Wabash National Wabash National Corporation 2026 Q1 - Results - Earnings Call Presentation Wabash National Corporation (WNC) Q1 2026 Earnings Call Transcript Wabash National's Ride Is Painful (Downgrade) Wabash projects Q2 revenue of $380M-$400M as it targets over 25% dry van share Wabash National Non-GAAP EPS of -$1.17 misses by $0.16, revenue of $303.2M misses by $15.85M
Carter's ( CRI ) declares $0.25/share quarterly dividend , in line with previous. Forward yield 2.96% Payable June 5; for shareholders of record May 26; ex-div May 26. See CRI Dividend Scorecard, Yield Chart, & Dividend Growth. More on Carter's Carter's, Inc. 2026 Q1 - Results - Earnings Call Presentation Carter's Finally Is Deserving Of An Upgrade As Revenue Grows And A Tariff Check Is On Its Way...
Carter's ( CRI ) declares $0.25/share quarterly dividend , in line with previous. Forward yield 2.96% Payable June 5; for shareholders of record May 26; ex-div May 26. See CRI Dividend Scorecard, Yield Chart, & Dividend Growth. More on Carter's Carter's, Inc. 2026 Q1 - Results - Earnings Call Presentation Carter's Finally Is Deserving Of An Upgrade As Revenue Grows And A Tariff Check Is On Its Way Carter's, Inc. (CRI) Q1 2026 Earnings Call Transcript Carter's reiterates 2026 outlook, guides Q2 adjusted EPS to $0.02-$0.06 amid tariff uncertainty Carter's Non-GAAP EPS of $0.39 beats by $0.26, revenue of $681M beats by $20.2M
Global investors including Cerberus Capital Management , Farallon Capital Management and Ares Management Corp. are in talks to invest in Shapoorji Pallonji Group’s proposed rupee debt of 143 billion rupees ($1.5 billion), according to people familiar with the matter. The infrastructure-focused conglomerate, backed by billionaire Shapoor Mistry, is proposing to offer 18.75% yield on the zero-coupon...
Global investors including Cerberus Capital Management , Farallon Capital Management and Ares Management Corp. are in talks to invest in Shapoorji Pallonji Group’s proposed rupee debt of 143 billion rupees ($1.5 billion), according to people familiar with the matter. The infrastructure-focused conglomerate, backed by billionaire Shapoor Mistry, is proposing to offer 18.75% yield on the zero-coupon bonds of its unit Goswami Infratech Pvt. , the people said, asking not to be identified as the discussions are private. Terms of the potential offering may still change, they said. The fundraise is part of a broader effort by the SP Group to refinance its existing borrowing that creditors recently agreed to extend until June. The deal is being closely watched as a test of investor appetite for high-yield debt. Read: Shapoorji Unit Markets High-Yield Debt to JPMorgan, BlackRock The transaction has been delayed by a few weeks from an initial mid-May target, as investors await greater clarity on Tata Sons listing, the people said. The borrowing is partly backed by SP Group’s 18.4% stake in Tata Sons . The group has previously tapped private credit markets by pledging part of the holding. A successful fundraise would ease near-term liquidity concerns and signal investor confidence in the group’s ability to unlock value from the stake amid uncertainty over a potential Tata Sons listing. Read: Why a Struggle Is Brewing Over a Tata Sons IPO: Explainer Farallon may invest at least $300 million in the debt, while Cerberus is in discussions to buy around $150 million, the people said. Deutsche Bank , the arranger of the deal, is expected to commit about $400 million, while Davidson Kempner may invest as much as $200 million, they said, adding JPMorgan and Bank of America are also considering subscribing to a portion of the bonds. Representatives for Shapoorji Pallonji didn’t immediately respond to requests seeking comments. JP Morgan and Davidson Kempner declined to comment while em...