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...
Initial public offerings are booming in Malaysia and a wave of upcoming listings including by a chip design firm is powering the market toward the biggest volume in 13 years. IPOs have raised $1.2 billion in the first four months of 2026, already nearing the $1.4 billion for all of 2025, Bloomberg-compiled data show. Those included Sunway Healthcare Holdings Bhd , which raised 2.86 billion ringgit...
Initial public offerings are booming in Malaysia and a wave of upcoming listings including by a chip design firm is powering the market toward the biggest volume in 13 years. IPOs have raised $1.2 billion in the first four months of 2026, already nearing the $1.4 billion for all of 2025, Bloomberg-compiled data show. Those included Sunway Healthcare Holdings Bhd , which raised 2.86 billion ringgit ($727 million) in the country’s largest offering in nine years . The pipeline includes chip design firm Skyechip Bhd , which would allow investors to tap into the hottest industry, as well as the REIT of IOI Properties Group Bhd . Malaysia’s IPO market remained resilient as post-pandemic political stability and steady economic growth — especially compared with some Southeast Asian peers from Thailand to the Philippines — buttressed investor appetite. Now, with the artificial intelligence boom driving Asian markets to new heights, Malaysia’s equity capital markets are also poised for their next step. “I expect the market to continue to be quite vibrant to be able to raise sizable amounts in the near term,” said Raymond Chooi , Maybank Investment Bank’s regional head of equity capital markets. Skyechip is looking to raise 352 million ringgit this month, while IOI Properties REIT is on track for a 1.98 billion-ringgit IPO in the fourth quarter. Just those two would raise this year’s proceeds to $1.8 billion, the most for Malaysia since 2013, according to data compiled by Bloomberg. Other potential issuers include Creador-backed pharmaceutical chain Big Caring Group and convenience store chain KK Mart Retail Bhd , both of which filed draft prospectuses. Big Caring could leapfrog Sunway to be the year’s biggest listing as the company is seeking a valuation of 20 billion ringgit, people familiar with the matter have said . Part of the reason for the increase in IPO activity is that some companies are just now regaining momentum post-pandemic, according to Chooi at Maybank. Some ...
Lu Jianwang was accused of operating a ‘secret police station’ in Manhattan’s Chinatown at the behest of Beijing A New York man was found guilty on Wednesday of acting as an unregistered agent of the Chinese government after he was accused of operating a “secret police station” on behalf of Beijing in Manhattan’s Chinatown neighborhood. Federal prosecutors in Brooklyn said Lu Jianwang, 64, should ...
Lu Jianwang was accused of operating a ‘secret police station’ in Manhattan’s Chinatown at the behest of Beijing A New York man was found guilty on Wednesday of acting as an unregistered agent of the Chinese government after he was accused of operating a “secret police station” on behalf of Beijing in Manhattan’s Chinatown neighborhood. Federal prosecutors in Brooklyn said Lu Jianwang, 64, should have alerted the US attorney general that he was a Chinese agent when he helped open the so-called police station in 2022. They also said he helped China’s government locate a pro-democracy activist living in California. Continue reading...
India, the world’s second-largest producer of sugar, has banned exports until the end of September, according to an official notice, as the government seeks to protect local supplies. The move follows a cut in output estimates from a major millers’ group. India’s gross sugar production is now forecast at 32 million tons in the season ending Sept. 30, down from an earlier 32.4 million tons, the Ind...
India, the world’s second-largest producer of sugar, has banned exports until the end of September, according to an official notice, as the government seeks to protect local supplies. The move follows a cut in output estimates from a major millers’ group. India’s gross sugar production is now forecast at 32 million tons in the season ending Sept. 30, down from an earlier 32.4 million tons, the Indian Sugar & Bio-Energy Manufacturers Association said last month. The government had ruled out curbing overseas sales, easing concerns that India would divert more sugar toward biofuel production after the conflict in the Middle East disrupted supplies of crude oil and cooking gas.
The foundation of Nvidia CEO Jensen Huang and his wife, Lori, is buying computing time from CoreWeave and donating it to universities and other nonprofit institutes, according to a filing that valued the donation at $108.3 million so far. According to a filing on Tuesday, the computing resources will be used for science and artificial intelligence research. Nvidia plans to offer free engineer...
The foundation of Nvidia CEO Jensen Huang and his wife, Lori, is buying computing time from CoreWeave and donating it to universities and other nonprofit institutes, according to a filing that valued the donation at $108.3 million so far. According to a filing on Tuesday, the computing resources will be used for science and artificial intelligence research. Nvidia plans to offer free engineering services to some of the grant recipients, it said in the filing. While the gift demonstrates Huang's largesse, it also represents another support measure from Nvidia to CoreWeave, a cloud computing company that specializes in AI applications.