Art Wager/E+ via Getty Images HF Sinclair ( DINO ) said post-market Wednesday it has terminated Executive VP and CFO Atanas Atanasov, who has been on leave of absence since late February following concerns raised by its audit committee. The move comes a day after the company disclosed CEO Timothy Go departed the company under a separation deal after being on voluntary leave for nearly three mo...
Art Wager/E+ via Getty Images HF Sinclair ( DINO ) said post-market Wednesday it has terminated Executive VP and CFO Atanas Atanasov, who has been on leave of absence since late February following concerns raised by its audit committee. The move comes a day after the company disclosed CEO Timothy Go departed the company under a separation deal after being on voluntary leave for nearly three months. HF Sinclair ( DINO ) said in January it had launched an internal review of its disclosure processes after Atanasov raised concerns about Go's actions; separate concerns arose about Atanasov's behavior, and the CFO began a leave of absence a few weeks later. The company said Chief Accounting Officer Vivek Garg will continue to serve as acting CFO, a role he has held since February, while board Chair Franklin Myers has been serving as interim CEO. More on HF Sinclair HF Sinclair Q1 2026 Earnings Call Transcript Buy HF Sinclair On Bumper Profits HF Sinclair: Management Turmoil Creates An Overhang
Charitable Giving: How To Manage Donations With New Tax Laws Authored by Javier Simon via The Epoch Times (emphasis ours), When you donate to qualified charitable organizations under the IRS, you could get some tax benefits in the form of charitable deductions. The OBBBA introduces new limits and tax breaks for charitable giving starting in 2026. Fox_Ana/Shutterstock But tax laws are constantly ch...
Charitable Giving: How To Manage Donations With New Tax Laws Authored by Javier Simon via The Epoch Times (emphasis ours), When you donate to qualified charitable organizations under the IRS, you could get some tax benefits in the form of charitable deductions. The OBBBA introduces new limits and tax breaks for charitable giving starting in 2026. Fox_Ana/Shutterstock But tax laws are constantly changing , and the One Big Beautiful Bill Act (OBBBA) has brought some major changes to charitable deductions beginning in tax year 2026. These shifts affect both itemizers and those who take the standard deduction. So let’s take a closer look. Non-Itemizer Deduction Normally, charitable deductions mostly benefit those who itemize their deductions. But beginning in tax year 2026, those who take the standard deduction can also deduct up to $1,000 worth of cash gifts to qualified operating charities if filing single or $2,000 if married and filing jointly. However, this particular deduction doesn’t apply to contributions to donor-advised funds. For tax year 2026, the standard deduction increased to $16,100 for single filers and $32,200 for married couples filing jointly. These figures will be adjusted annually for inflation. These are historically high standard deduction levels made permanent through the OBBBA, so you may want to check if your total itemized deductions exceed the standard deduction. Charitable Deduction ‘Floor’ For tax year 2026 and on, itemizers can only deduct the portion of their total donations that exceed 0.5 percent of their adjusted gross income (AGI). So, if your AGI is $100,000, only the value of donations above $500 would be deductible . That $500 is the “floor.” For example, if an individual with an AGI of $100,000 donated $700 to an IRS-qualified children’s hospital, only $200 would be deductible ($700 – $500 = $200). In other words, smaller donations may not generate as robust a tax benefit—or any at all in some cases. To get around this, many advi...
Getty Images By Jennifer Nash April’s Producer Price Index (PPI) data delivered a sharp blow to inflation watchers, as wholesale price growth came in significantly hotter than expected. Final demand surged by 1.4% for the month, well above the anticipated 0.5% jump and marking the largest monthly increase since March 2022. On an annual basis, headline PPI accelerated from 4.3% in March to 6.0%, it...
Getty Images By Jennifer Nash April’s Producer Price Index (PPI) data delivered a sharp blow to inflation watchers, as wholesale price growth came in significantly hotter than expected. Final demand surged by 1.4% for the month, well above the anticipated 0.5% jump and marking the largest monthly increase since March 2022. On an annual basis, headline PPI accelerated from 4.3% in March to 6.0%, its highest level since December 2022 and well above the 4.9% forecast. Core PPI, which strips out volatile food and energy costs, also surprised heavily to the upside. It jumped 1.0% for the month, significantly higher than the 0.3% forecast and the largest monthly increase since March 2022. On an annual basis, the core rate accelerated for the sixth straight month to 5.2%, up from 4.0% in March and notably higher than the 4.3% forecast, reaching its highest level since December 2022. Producer Price Index: Finished Goods The BLS shifted its focus to the "final demand" PPI series in 2014, but data for these series extend only back to November 2009 for headline PPI and April 2010 for core PPI. Since our analysis emphasizes longer-term trends, we continue to track the legacy PPI for finished goods, which the BLS still includes in its monthly updates. As a later overlay chart will illustrate, the final demand and finished goods indexes remain highly correlated. In April, the PPI for finished goods was up 1.7% month-over-month, up from 1.6% in March and the largest monthly growth since June 2022. Year-over-year, headline PPI for finished goods accelerated from 4.3% to 6.3%, the highest level since January 2023. Meanwhile, core PPI for finished goods was up 0.4% on the month, up from 0.2% in March. On an annual basis, core PPI for finished goods heated up from 3.7% in March to 3.8%. Producer Price Index (PPI) vs. Consumer Price Index (CPI) Both PPI and CPI illustrate monthly price changes. However, as their names suggest, the Producer Price Index measures price changes from the pr...
Although the chip complex has spent the last six months looking unstoppable, Wall Street is starting to whisper that the heat may finally be coming out of the trade. A Reuters analysis is warning that the “sizzling” semiconductor trade is at risk of cooling and could stall the broader US stocks rally. The iShares Semiconductor ... Wall Street Is Worried About a ‘Sizzling’ Semiconductor Trade. Hist...
Although the chip complex has spent the last six months looking unstoppable, Wall Street is starting to whisper that the heat may finally be coming out of the trade. A Reuters analysis is warning that the “sizzling” semiconductor trade is at risk of cooling and could stall the broader US stocks rally. The iShares Semiconductor ... Wall Street Is Worried About a ‘Sizzling’ Semiconductor Trade. History Says Cooling Periods Like This Set Up the Next Leg Higher
(RTTNews) - The Singapore stock market has moved higher in three straight sessions, collecting more than 80 points or 1.7 percent along the way. The Straits Times Index now rests just above the 5,000-point plateau and it may add to its winnings gain on Thursday.
(RTTNews) - The Singapore stock market has moved higher in three straight sessions, collecting more than 80 points or 1.7 percent along the way. The Straits Times Index now rests just above the 5,000-point plateau and it may add to its winnings gain on Thursday.
At Holdings Channel, we have reviewed the latest batch of the 126 most recent 13F filings for the 03/31/2026 reporting period, and noticed that Meta Platforms Inc (Symbol: META) was held by 66 of these funds. When hedge fund managers appear to be thinking alike, we find it is a
At Holdings Channel, we have reviewed the latest batch of the 126 most recent 13F filings for the 03/31/2026 reporting period, and noticed that Meta Platforms Inc (Symbol: META) was held by 66 of these funds. When hedge fund managers appear to be thinking alike, we find it is a
Mykhaylo Palinchak/iStock via Getty Images While MidCap Financial Investment Corporation ( MFIC ) is trading cheaply on the back of a significant discount to net asset value ("NAV"), the BDC faces a rising nonaccrual balance and looks set to be sold by its external manager, Apollo Global Management ( APO ). The safety of the dividend is key, and MFIC last declared a quarterly cash dividend of $0.3...
Mykhaylo Palinchak/iStock via Getty Images While MidCap Financial Investment Corporation ( MFIC ) is trading cheaply on the back of a significant discount to net asset value ("NAV"), the BDC faces a rising nonaccrual balance and looks set to be sold by its external manager, Apollo Global Management ( APO ). The safety of the dividend is key, and MFIC last declared a quarterly cash dividend of $0.31 per share , kept unchanged from its prior distribution, and $1.24 per share annualized for an 11.17% dividend yield. This yield looks secure against a fiscal 2026 first-quarter net investment income ("NII") that came in at $0.38 per share to beat the consensus by $0.03. MFIC is currently covering its dividend by 123%, or an 82% payout ratio. The core risk around the BDC centers on NAV, as this has seen sustained weakness, which reduces the attraction of the common shares. There have been back-to-back quarters of NAV slippage on both a nominal and per share basis. MidCap Financial Fiscal 2026 First Quarter Presentation MFIC reported NAV of $13.82 per share as of the end of the first quarter, with the common shares at $ 11.15 per share trading for a substantial 19.32% discount. I last covered the security with a Buy rating in March, when fears around private credit blowups and the impact of AI on SaaS drove discounts on BDCs to record high levels. MFIC and peers have since seen a recovery from these lows, but with some tickers still trading at double-digit discounts to NAV per share. Bears would be right to highlight that MFIC did have to downsize its dividend at the start of the year. Hence, current dividend coverage could be looked at with less of an optimistic lens, as it's reflective of an already reduced payout from a year ago when MFIC was distributing $0.38 per share. The current discount could represent a type of value trap in that MFIC's NAV per share is down 7.4% from $14.93 a year ago. NAV per share could be set for further dips, reducing the attractiveness of th...
A crackdown on online gold trading in Thailand risks dimming a rare bright spot for investors, platforms have warned, with the central bank floating further curbs. As gold rallied globally in 2025, the Thai currency climbed alongside it, hitting a five-year high and causing a headache for the export-driven, tourism-dependent economy. The central bank blamed online gold speculators whose rapid-fire...
A crackdown on online gold trading in Thailand risks dimming a rare bright spot for investors, platforms have warned, with the central bank floating further curbs. As gold rallied globally in 2025, the Thai currency climbed alongside it, hitting a five-year high and causing a headache for the export-driven, tourism-dependent economy. The central bank blamed online gold speculators whose rapid-fire transactions worth millions of dollars at a time amplified swings in the baht — some days by as much as 30% . To rein in the runaway currency, the bank imposed a daily online limit of 50 million baht ($1.6 million) per person from the start of March, in a bid to force top-end investors to trade in dollars. It has left open the possibility of further slashing the daily cap by 40% to 30 million baht. “We’ve built an ecosystem that makes gold accessible to everyday investors — one that’s the envy of the world,” said Pawan Nawawattanasub, chief executive officer of YLG Bullion International, one of Thailand’s largest gold traders. “Instead of nurturing it, they’re trying to dismantle it.” Pawan maintains that to see a significant impact, the entire digital gold trading system would need to move to dollar-based platforms, shifting the burden of currency exchange onto investors. In Thailand, gold is embedded in daily life: it gilds Buddhist temples and glints from shopfronts in the narrow alleys of Bangkok’s Chinatown, farmers store it in countertop safes and families present it to newborns and brides. Thais buy more gold per capita than even China or India — the world’s two most populous countries. Such affinity for the safe-haven investment seamlessly migrated online, with all 14 major gold trading companies offering at least one app. The digital market offers unusual direct access to a global asset with no trading hours. Thais can buy and sell in their own currency and in any fraction, without the frictions of foreign markets. The link between gold trading and the baht is, in...
Statues erected by South Korean civic groups on the other side of the world honouring the tens of thousands of women forced into sexual slavery by imperial Japanese forces during World War II have once again succeeded in making Tokyo’s elites deeply uncomfortable. The decisions by local governments in Germany’s capital and New Zealand’s largest city to rescind or decline to renew permits for “comf...
Statues erected by South Korean civic groups on the other side of the world honouring the tens of thousands of women forced into sexual slavery by imperial Japanese forces during World War II have once again succeeded in making Tokyo’s elites deeply uncomfortable. The decisions by local governments in Germany’s capital and New Zealand’s largest city to rescind or decline to renew permits for “comfort women” memorials have been pounced on by conservatives within Japan’s ruling Liberal Democratic...