Sri Lanka rescued 32 “critically wounded” sailors aboard the Iranian frigate IRIS Dena, which sank on Wednesday just outside the island’s territorial waters, Foreign Minister Vijitha Herath said. No information was immediately available on the cause of the explosion that sank the vessel, but Herath told parliament that the injured sailors were taken to a hospital in the island’s south. The 180-cre...
Sri Lanka rescued 32 “critically wounded” sailors aboard the Iranian frigate IRIS Dena, which sank on Wednesday just outside the island’s territorial waters, Foreign Minister Vijitha Herath said. No information was immediately available on the cause of the explosion that sank the vessel, but Herath told parliament that the injured sailors were taken to a hospital in the island’s south. The 180-crew frigate had issued a distress call at dawn. Advertisement Sri Lanka’s defence ministry said it was searching for the other crew of the IRIS Dena, which went down about 40km (25 miles) south of the island. “We are keeping up a search, but we don’t know yet what happened to the rest of the crew,” an official said, dimming prospects for finding any more survivors. Advertisement Herath said two Sri Lankan navy vessels and an aircraft were deployed for the rescue operation, but did not say what caused the Iranian warship to sink.
The UK supermarket chain Iceland has reportedly abandoned its decade-long trademark battle with Iceland and instead promised a “rapprochement discount” for shoppers in the country. After the budget grocery chain suffered its third legal loss last year, its executive chair, Richard Walker, said on Wednesday that it would draw a line under the dispute. He told the Financial Times that he would take ...
The UK supermarket chain Iceland has reportedly abandoned its decade-long trademark battle with Iceland and instead promised a “rapprochement discount” for shoppers in the country. After the budget grocery chain suffered its third legal loss last year, its executive chair, Richard Walker, said on Wednesday that it would draw a line under the dispute. He told the Financial Times that he would take “the couple of hundred of grand we would have spent in legal fees in the fourth and final round in the EU court and reapply that to a rapprochement discount to the good Icelandic people. It’s something I’m going to do.” The discount is expected to take the form of shopping vouchers that Icelandic people can use at the frozen food retailer. The government of Iceland first launched legal action against its namesake British grocery chain over the use of its name in 2016. It challenged its exclusive ownership of the European-wide trademark registration for the word Iceland, which it said was preventing the country’s companies from promoting goods and services abroad. In July last year, the EU general court upheld a ruling cancelling the grocer’s EU trademark registration for the word Iceland. The court reaffirmed that geographical names must remain available for public use. Walker told the FT: “We lost for a third time. We’re going to throw in the towel. It’s actually fine – we don’t have to change our name.” But he expressed concern that “other people now have the ability to open shops and call it Iceland and stock Iceland products.” The executive took over the leadership of Iceland in 2023 after his father, Malcolm Walker, stepped down from the frozen foods chain he co-founded in 1970. Richard Walker, previously a supporter of the Conservatives, was recently made a Labour peer by Keir Starmer, and also appointed the government’s cost of living champion a month ago. The company, based in Deeside in Wales, is privately owned by the entrepreneur Malcolm Walker and its chief exec...
A sense of panic is spreading among Asian oil and fuel buyers as the war in the Middle East chokes access to everything from crude to refined fuels and feedstocks used to produce petrochemicals. The effective closure of the Strait of Hormuz is already prompting some Asian countries to prioritize domestic needs, cutting exports and tightening regional supplies. In Japan, at least one refiner has st...
A sense of panic is spreading among Asian oil and fuel buyers as the war in the Middle East chokes access to everything from crude to refined fuels and feedstocks used to produce petrochemicals. The effective closure of the Strait of Hormuz is already prompting some Asian countries to prioritize domestic needs, cutting exports and tightening regional supplies. In Japan, at least one refiner has started canceling exports of diesel, jet fuel and gasoline for March, said people with knowledge of the plans, asking not to be named as the information is sensitive. Thailand also said it will suspend fuel exports . Other processors in Asia are considering run cuts , with plants in China and Japan most likely to do so. Indonesian petrochemicals firm PT Chandra Asri Pacific declared force majeure earlier this week, citing disruptions to feedstock shipments due to the war in the Middle East. That could be repeated in other parts of region, particularly in South Korea, a major producer that’s heavily dependent on naphtha from the Persian Gulf. Virtually no oil or fuel has been able to leave the Gulf since war erupted over the weekend. As well as crude tankers, more than 100 vessels fully laden with clean petroleum products — including liquefied petroleum gas, gasoline, naphtha, diesel and jet fuel — are stuck behind the Hormuz strait, according to ship-tracking data compiled by Bloomberg. Asian buyers take a large chunk of those exports, and the sudden shortages are playing out in different ways. India, which supplies diesel and gasoline to Asia and Europe, said it’s closely monitoring its domestic fuel situation, while households in the South Asian nation are facing the prospect of an acute cooking gas shortage in the coming weeks as the war cuts LPG flows from the Gulf. Read More: Iraq Starts Huge Oil Cuts as Hormuz Blockage Fills Storage Unless there’s a sudden cease-fire in the Middle East the situation looks set to worsen in Asia. Available tankers in the Gulf are rapidly ...
abadonian/iStock via Getty Images Introduction MPLX ( MPLX ) has been a staple in my portfolio for a while, and with the recent events that transpired, I believe that it is important to review my thesis on the company. With new earnings out and geopolitical shifts in the Middle East, I’m digging into whether the company can ride on those tailwinds. Current Dynamics I’ll first quickly go through th...
abadonian/iStock via Getty Images Introduction MPLX ( MPLX ) has been a staple in my portfolio for a while, and with the recent events that transpired, I believe that it is important to review my thesis on the company. With new earnings out and geopolitical shifts in the Middle East, I’m digging into whether the company can ride on those tailwinds. Current Dynamics I’ll first quickly go through the latest earnings to understand the recent dynamics for the MLP. It was a solid beat and raise story as the partnership continues to be a cash flow machine, thanks to MPLX’s dominance in the Permian and Marcellus. EPU stood at $1.17, a beat of 12 cents, though that is not really the metric that we look at with MLPs. EBITDA rose to $1.8B compared with $1.76B in Q4 2024. Looking at the top-line, it reached $3.25B for the quarter, a slight beat of $70MM and a 6.2% Y/Y improvement. MPLX declared a distribution of $1.0765, giving the company a forward yield of 7.64% . For the full year, net income attributable to the partnership stood at $4.912B, a drastic Y/Y increase compared to $4.357B reported in the preceding fiscal year. This profitability level translated directly into exceptionally strong core operating metrics. EBITDA reached an unprecedented $7.017B for the year. For 2026, MPLX isn’t just sitting on its cash, mangament announced a $2.7B capital plan for 2026 , which is split into $2.4B for growth and $300MM for maintenance. The company is effectively doubling down on the wellhead to water strategy, specifically expanding the BANGL pipeline and building new processing plants to capture the massive associated gas coming out of West Texas. In my opinion, the company is currently in a boring but great phase, considering its strong balance sheet, its incredible utilization rate thanks to Marathon Petroleum ( MPC ), and enough free cash flow to fund growth while still raising distribution to unitholders. I’ll now touch on the Middle East situation as I believe that it will h...
JHVEPhoto/iStock Editorial via Getty Images Investment Rating Update - "Buy" After strongly rising from $8-9 per share in 2021 to over $360 per share by late 2025, Celestica Inc. ( CLS ) stock has been in prolonged consolidation since November 2025. On a YTD basis, CLS is down almost 10% despite the business growth momentum only gaining steam lately. I agree with skeptics that the margins might be...
JHVEPhoto/iStock Editorial via Getty Images Investment Rating Update - "Buy" After strongly rising from $8-9 per share in 2021 to over $360 per share by late 2025, Celestica Inc. ( CLS ) stock has been in prolonged consolidation since November 2025. On a YTD basis, CLS is down almost 10% despite the business growth momentum only gaining steam lately. I agree with skeptics that the margins might be peaking, but I think it's not the problem because the top line is going to expand and translate directly into earnings - even at lower operating leverage, the forward growth looks great. Today's consolidation gives investors a nice chance to load up as the forward valuation has shrunk meaningfully in the past couple of months amid a bunch of positive earnings revisions that only validate the underlying strength. Having said all this, and having looked at the specific catalysts for CLS, I decided to leave my Buy on the stock in place. Celestica's Recent Results And Catalysts Discussion My previous update on CLS was a preview article, so I couldn't physically cover the Q4 2025 results. That's why I decided to briefly update my analysis and statements from the January piece. In Q4, Celestica's revenue went up by 44% YoY and amounted to $3.65 billion, massively beating the high end of the management's guidance range (~$3.45 billion at the midpoint, $3.575 billion at the high end) and the consensus estimate (by almost 5%, according to Seeking Alpha ). The main growth driver - like in the past few quarters - was the CCS segment, which contributed ~78% of total sales and where we see the top line rising by 64% YoY thanks to the "unprecedented level of demand" from hyperscale customers that keep actively investing in the physical layer of the AI/ML revolution. Within the CCS, we see that Communications' sales increased by 79% YoY (~$2.115 billion) because the demand is high, and the ramping programs for 800G networking switches across its largest hyperscaler customers are progress...
In this article GS Follow your favorite stocks CREATE FREE ACCOUNT David Solomon, CEO Goldman Sachs, speaking on CNBC's Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2026. Oscar Molina | CNBC Goldman Sachs ' Chairman and CEO David Solomon said financial markets have had a surprisingly "benign" reaction to the Iran war, as the conflict enters its fifth day. The Goldman ...
In this article GS Follow your favorite stocks CREATE FREE ACCOUNT David Solomon, CEO Goldman Sachs, speaking on CNBC's Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2026. Oscar Molina | CNBC Goldman Sachs ' Chairman and CEO David Solomon said financial markets have had a surprisingly "benign" reaction to the Iran war, as the conflict enters its fifth day. The Goldman chief spoke at the Australian Financial Review Business Summit on Tuesday as investors primarily monitored oil prices after Iran said the Strait of Hormuz had been shut and any vessel passing through would be targeted. "I'm actually surprised," Solomon said at the event. "I think the market reaction has been more benign, given the magnitude of this, than you might think." U.S. stocks have been volatile over the past few days and closed lower again on Tuesday. The Dow Jones Industrial Average was down 0.83%, the S&P 500 slipped 0.94%, while the Nasdaq Composite shed 1.02%. U.S. stock futures are set to open lower on Wednesday. "I think it's going to take a couple of weeks for markets to really digest the implications of what's happened both in the short term or in the medium term," he said. Meanwhile, U.S. Treasury yields have been rising, defying the typical safe-haven playbook. During geopolitical conflicts, investors usually flock to bonds, pushing prices up and yields down. This time, however, bond prices are falling and yields are climbing, as investors worry that higher energy prices could stoke inflation and keep interest rates elevated for longer. "Does this become a more prolonged thing? Does it start to filter through to energy supply chains? Does it have other impacts that affect consumer sentiments [and] consumer behaviors in different parts of the world?" Solomon said. "Those are the things that I think you have to watch, and you don't have enough information or data at this point to be clear." Oil prices were calmer at the end of Tuesday's session after Trump s...
Shares of CoreWeave (CRWV 5.47%) sank recently despite the neocloud company reporting another quarter of strong revenue growth and a ballooning backlog. Investors appear to be concerned that its first-quarter revenue guidance was a bit light, and its debt load is starting to increase as it continues to build out its artificial intelligence (AI) infrastructure. Let's dig into CoreWeave's results to...
Shares of CoreWeave (CRWV 5.47%) sank recently despite the neocloud company reporting another quarter of strong revenue growth and a ballooning backlog. Investors appear to be concerned that its first-quarter revenue guidance was a bit light, and its debt load is starting to increase as it continues to build out its artificial intelligence (AI) infrastructure. Let's dig into CoreWeave's results to see if this dip in the stock is a buying opportunity. CoreWeave is building up a huge project backlog CoreWeave remained in hypergrowth mode in Q4 with revenue more than doubling, and it expects even stronger growth in 2026. However, building AI data centers is a capital-intensive business, so its debt is also rising. The company also has no plans of slowing down its investments, with plans to spend between $30 billion and $35 billion in capital expenditures (capex) this year. That's up from only $10.3 billion in 2025. Meanwhile, its project backlog more than quadrupled from the start of the year to $66.8 billion. With its investments, it expects its revenue to surge to $12 billion-$13 billion in 2026, which is a 140% increase at the midpoint. Meanwhile, it is expecting to have an annualized revenue run rate of $17 billion to $19 billion by the end of the year and over $30 billion by the end of 2027. This will impact its operating margins, but it expects them to expand each quarter throughout the year. In Q4, the company's revenue soared 110% to $1.57 billion from $747 million a year earlier. That was just ahead of the $1.55 billion analyst consensus, as compiled by LSEG. However, the company's Q1 revenue guidance of between $1.9 billion and $2 billion fell shy of the $2.29 billion consensus. The company said part of this is because Nvidia's graphics processing units (GPUs) remain in short supply. The midpoint of its full-year revenue guidance of $12.5 billion, however, was comfortably ahead of the $12.1 billon consensus. CoreWeave said it has become an important partner w...
Key Points CoreWeave is seeing huge revenue growth. However, its debt is also ballooning as it ramps up its AI data center spending. 10 stocks we like better than CoreWeave › Shares of CoreWeave (NASDAQ: CRWV) sank recently despite the neocloud company reporting another quarter of strong revenue growth and a ballooning backlog. Investors appear to be concerned that its first-quarter revenue guidan...
Key Points CoreWeave is seeing huge revenue growth. However, its debt is also ballooning as it ramps up its AI data center spending. 10 stocks we like better than CoreWeave › Shares of CoreWeave (NASDAQ: CRWV) sank recently despite the neocloud company reporting another quarter of strong revenue growth and a ballooning backlog. Investors appear to be concerned that its first-quarter revenue guidance was a bit light, and its debt load is starting to increase as it continues to build out its artificial intelligence (AI) infrastructure. Let's dig into CoreWeave's results to see if this dip in the stock is a buying opportunity. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » CoreWeave is building up a huge project backlog CoreWeave remained in hypergrowth mode in Q4 with revenue more than doubling, and it expects even stronger growth in 2026. However, building AI data centers is a capital-intensive business, so its debt is also rising. The company also has no plans of slowing down its investments, with plans to spend between $30 billion and $35 billion in capital expenditures (capex) this year. That's up from only $10.3 billion in 2025. Meanwhile, its project backlog more than quadrupled from the start of the year to $66.8 billion. With its investments, it expects its revenue to surge to $12 billion-$13 billion in 2026, which is a 140% increase at the midpoint. Meanwhile, it is expecting to have an annualized revenue run rate of $17 billion to $19 billion by the end of the year and over $30 billion by the end of 2027. This will impact its operating margins, but it expects them to expand each quarter throughout the year. In Q4, the company's revenue soared 110% to $1.57 billion from $747 million a year earlier. That was just ahead of the $1.55 billion analyst consensus, as compiled by LSEG. However, th...
CI Investments Inc. lifted its position in Intel Corporation (NASDAQ:INTC - Free Report) by 3,428.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 799,884 shares of the chip maker's stock after buying an additional 777,217 shares during the quarter. CI Investments Inc.'s holdings in Intel were worth $26,836,000 at the end of...
CI Investments Inc. lifted its position in Intel Corporation (NASDAQ:INTC - Free Report) by 3,428.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 799,884 shares of the chip maker's stock after buying an additional 777,217 shares during the quarter. CI Investments Inc.'s holdings in Intel were worth $26,836,000 at the end of the most recent reporting period. Get Intel alerts: Sign Up A number of other hedge funds and other institutional investors also recently bought and sold shares of INTC. Bank of Nova Scotia lifted its position in Intel by 2.3% in the second quarter. Bank of Nova Scotia now owns 2,332,433 shares of the chip maker's stock valued at $52,246,000 after acquiring an additional 51,383 shares during the last quarter. Norges Bank purchased a new stake in shares of Intel in the 2nd quarter valued at about $1,579,378,000. Engineers Gate Manager LP lifted its holdings in shares of Intel by 91.8% in the 2nd quarter. Engineers Gate Manager LP now owns 765,091 shares of the chip maker's stock valued at $17,138,000 after purchasing an additional 366,092 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Intel by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 385,903,735 shares of the chip maker's stock valued at $8,644,244,000 after purchasing an additional 8,513,298 shares during the period. Finally, Isthmus Partners LLC grew its stake in Intel by 100.1% during the 2nd quarter. Isthmus Partners LLC now owns 247,660 shares of the chip maker's stock worth $5,548,000 after buying an additional 123,895 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors. Key Stories Impacting Intel Here are the key news stories impacting Intel this week: Positive Sentiment: Ericsson partnership to accelerate AI‑native 6G strengthens Intel's telecom platform positioning but implies longer‑term capex a...
Deepwater Asset Management LLC trimmed its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 35.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,977 shares of the semiconductor manufacturer's stock after selling 47,045 shares during the quarter. Micron Technology makes up 5.6...
Deepwater Asset Management LLC trimmed its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 35.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,977 shares of the semiconductor manufacturer's stock after selling 47,045 shares during the quarter. Micron Technology makes up 5.6% of Deepwater Asset Management LLC's investment portfolio, making the stock its 4th largest position. Deepwater Asset Management LLC's holdings in Micron Technology were worth $14,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Get Micron Technology alerts: Sign Up Several other hedge funds and other institutional investors have also recently bought and sold shares of MU. American Capital Advisory LLC increased its stake in shares of Micron Technology by 20.4% in the third quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer's stock worth $46,000 after buying an additional 46 shares during the period. Teamwork Financial Advisors LLC boosted its position in Micron Technology by 0.4% during the 3rd quarter. Teamwork Financial Advisors LLC now owns 14,974 shares of the semiconductor manufacturer's stock valued at $2,505,000 after buying an additional 53 shares during the period. Blue Trust Inc. grew its holdings in Micron Technology by 0.5% in the 3rd quarter. Blue Trust Inc. now owns 10,633 shares of the semiconductor manufacturer's stock worth $1,779,000 after acquiring an additional 53 shares during the last quarter. Lodestone Wealth Management LLC increased its position in shares of Micron Technology by 3.2% in the third quarter. Lodestone Wealth Management LLC now owns 1,693 shares of the semiconductor manufacturer's stock valued at $283,000 after acquiring an additional 53 shares during the period. Finally, Allen Capital Group LLC raised its stake in shares of Micron Technology by 1.2% durin...