Sunshine Seeds/iStock via Getty Images Goldman Sachs ( GS ) CEO David Solomon said Wednesday that he's surprised by the relatively mild reaction of the market to the Iran war. “I look at the market reaction, and I’m actually surprised,” Solomon said at the Australian Financial Review Business Summit event in Australia, according to India's Hindustan Times . “The market reaction has been benign.” S...
Sunshine Seeds/iStock via Getty Images Goldman Sachs ( GS ) CEO David Solomon said Wednesday that he's surprised by the relatively mild reaction of the market to the Iran war. “I look at the market reaction, and I’m actually surprised,” Solomon said at the Australian Financial Review Business Summit event in Australia, according to India's Hindustan Times . “The market reaction has been benign.” Solomon added that it might take the market some time to digest what's been going on in the Middle East, adding that he wasn't surprised that volatility indexes like the S&P VIX ( VIX ) were rising. “It’s going to take a couple of weeks for markets to really digest the implications,” Solomon said. More on SPDR S&P 500 ETF Trust, S&P VIX Index, etc. The US-Iran War: Phase Two (Where The Pain Starts) 3 Reasons The S&P 500 Could Stay In Bull Mode The SaaSpocalypse Has Arrived... Or Has It? Stocks in March will bounce back with a volatility normalization – Citadel’s Scott Rubner Institutional investors double down on ETFs as active strategies gain momentum, BBH says
Key Points Grizzlyrock Capital increased its Euronet Worldwide stake by 106,215 shares in the fourth quarter; the estimated transaction value was $8.28 million based on quarterly average pricing. The fund’s quarter-end position value rose by $7.85 million, reflecting both new purchases and share price movement. The post-transaction holding stood at 126,315 shares valued at $9.61 million. 10 stocks...
Key Points Grizzlyrock Capital increased its Euronet Worldwide stake by 106,215 shares in the fourth quarter; the estimated transaction value was $8.28 million based on quarterly average pricing. The fund’s quarter-end position value rose by $7.85 million, reflecting both new purchases and share price movement. The post-transaction holding stood at 126,315 shares valued at $9.61 million. 10 stocks we like better than Euronet Worldwide › On February 17, 2026, Grizzlyrock Capital disclosed a buy of 106,215 shares of Euronet Worldwide (NASDAQ:EEFT), an estimated $8.28 million trade based on quarterly average pricing. What happened According to an SEC filing dated February 17, 2026, Grizzlyrock Capital increased its position in Euronet Worldwide by 106,215 shares. The estimated value of the buy was $8.28 million, calculated using the average closing price during the fourth quarter of 2025. The fund’s quarter-end position in Euronet Worldwide rose by $7.85 million to $9.61 million, reflecting both the additional shares and movements in the stock price. What else to know Euronet Worldwide now represents 7.2% of Grizzlyrock Capital’s 13F reportable assets under management. Top holdings after the filing: NASDAQ: GSM: $18.91 million (14.2% of AUM) NYSE: GEL: $9.83 million (7.4% of AUM) NASDAQ: EEFT: $9.61 million (7.2% of AUM) NASDAQ: MGNI: $9.28 million (6.9% of AUM) NYSE: AMN: $8.76 million (6.6% of AUM) As of Wednesday, EEFT shares were priced at $75, down 22% over the past year and well underperforming the S&P 500’s roughly 16% gain in the same period. Company overview Metric Value Market capitalization $3 billion Revenue (TTM) $4.24 billion Net income (TTM) $310.60 million Price (as of Wednesay) $75 Company snapshot Euronet Worldwide offers electronic fund transfer processing, prepaid product distribution, and global money transfer services, operating extensive ATM, POS, and agent networks worldwide. The company generates revenue through transaction fees, service charge...
The European Commission has proposed a “Buy EU” plan to boost domestic low-carbon industries and help the continent compete against China. The commission published a draft regulation – called the Industrial Accelerator Act – on Wednesday, setting demands for EU-made and low-carbon content on bodies spending public money. The rules mark a major shift in economic thinking from Brussels, long a basti...
The European Commission has proposed a “Buy EU” plan to boost domestic low-carbon industries and help the continent compete against China. The commission published a draft regulation – called the Industrial Accelerator Act – on Wednesday, setting demands for EU-made and low-carbon content on bodies spending public money. The rules mark a major shift in economic thinking from Brussels, long a bastion of open markets. But after internal disputes, EU officials left the door open to including countries with close economic ties to the bloc, such as the UK, if there is reciprocal market access. Stéphane Séjourné, the European Commission vice president in charge of industry, described the act as “a change in doctrine” that would have been “unthinkable even just a few months ago”. Alluding to the turmoil in the Middle East that has sent energy prices soaring, Séjourné, a former French foreign minister, said events in Iran underscored the need for a plan to shore up European industry. “Without a strong industrial base, without a European social model, we won’t have any climate transition and we won’t have strategic autonomy,” he said. Inspired by French government ideas, the plan is a response to intense competition from Beijing that has seen Europe lose its once thriving solar panel industry to China. Séjourné said: “If we do nothing then it’s quite clear that very soon 100% of tech technology will be produced in China.” EU officials suggested the UK and Japan could be counted as domestic producers when it comes to procurement of electric vehicles, because their markets are open. In contrast, countries with more closed markets such as the US and India would be likely to face restrictions. Séjourné declined to specify “who’s in, who’s out”, while promising a “reciprocity assessment” of the EU’s trading partners in the coming months. It was quite possible, he added, that European cement and steel industries would be “offshored completely” in the next few years without action....
The dollar index (DXY00) today is down by -0.13%. The dollar is under pressure today as stocks rallied on a New York Times report that Iranian operatives made an offer to discuss terms for ending the war. The dollar recovered from its worst level today after the Feb ADP employment report showed US employers added more jobs than expected last month, and the Feb ISM services index unexpectedly expan...
The dollar index (DXY00) today is down by -0.13%. The dollar is under pressure today as stocks rallied on a New York Times report that Iranian operatives made an offer to discuss terms for ending the war. The dollar recovered from its worst level today after the Feb ADP employment report showed US employers added more jobs than expected last month, and the Feb ISM services index unexpectedly expanded by the most in 3.5 years, hawkish factors for Fed policy. The US Feb ADP employment change increased by +63,000, stronger than expectations of +50,000. Join 200K+ Subscribers: The US Feb ISM services index unexpectedly rose +2.3 to 56.1, better than expectations of a decline to 53.5 and the strongest pace of expansion in 3.5 years. The Feb ISM services prices paid sub-index unexpectedly fell -3.6 to an 11-month low of 63.0, weaker than expectations of an increase to 68.3. Cleveland Fed President Beth Hammack said it's important to drive inflation back to target and that "Fed policy could be on hold for quite some time." Swaps markets are discounting the odds at 2% for a -25 bp rate cut at the next policy meeting on March 17-18. The dollar continues to see underlying weakness as the FOMC is expected to cut interest rates by about -37 bp in 2026, while the BOJ is expected to raise rates by another +25 bp in 2026, and the ECB is expected to leave rates unchanged in 2026. EUR/USD (^EURUSD) today is up by +0.16%. Weakness in the dollar today is supporting gains in the euro. Also, today's Eurozone economic reports, which showed that the Eurozone Jan PPI rose more than expected and the Jan unemployment rate unexpectedly fell to a record low, are hawkish for ECB policy and supportive of the euro. Eurozone Jan PPI rose +0.7% m/m and fell -2.1% y/y, stronger than expectations of +0.2% m/m and -2.6% y/y. The Eurozone Jan unemployment rate fell -0.2 to a record low of 6.1%, showing a stronger labor market than expectations of 6.2%. Swaps are discounting a 0% chance of a -25 bp rate...
Lucara Diamond press release ( LUCRF ): FY GAAP EPS of $0.06. Revenue of $159.7M (-21.7% Y/Y) misses by $36.9M . 2026 OUTLOOK This section of the news release provides management's production and cost estimates for 2026. These are forward-looking statements and subject to the cautionary note regarding the risks associated with such statements. Karowe Diamond Mine 2026 In millions of U.S. dollars u...
Lucara Diamond press release ( LUCRF ): FY GAAP EPS of $0.06. Revenue of $159.7M (-21.7% Y/Y) misses by $36.9M . 2026 OUTLOOK This section of the news release provides management's production and cost estimates for 2026. These are forward-looking statements and subject to the cautionary note regarding the risks associated with such statements. Karowe Diamond Mine 2026 In millions of U.S. dollars unless otherwise noted Full Year Diamond revenue (millions) $100 to $130 Diamond sales (thousands of carats) 340 to 360 Diamonds recovered (thousands of carats) 340 to 360 Ore tonnes mined (millions) Up to 0.6 Waste tonnes mined (millions) Up to 0.2 Ore tonnes processed (millions) 2.6 to 2.9 Total operating cash costs (1) (per tonne processed) $27.50 to $31.00 UGP capital expenditure Up to $110 million Sustaining capital expenditure Up to $11.5 million Average exchange rate – Botswana Pula per United States Dollar 14.0 Click to enlarge More on Lucara Diamond Corp. Seeking Alpha’s Quant Rating on Lucara Diamond Corp. Historical earnings data for Lucara Diamond Corp. Financial information for Lucara Diamond Corp.
Finn Allen struck a sensational unbeaten century as New Zealand demolished 2024 runners-up South Africa by nine wickets to reach a second Men's T20 World Cup final. Chasing 170 after a 27-ball half-century from Marco Jansen had rescued South Africa from 77-5, Allen bludgeoned 100 not out from 33 balls, including 10 fours and eight sixes, as New Zealand romped to victory with 43 balls to spare. Tim...
Finn Allen struck a sensational unbeaten century as New Zealand demolished 2024 runners-up South Africa by nine wickets to reach a second Men's T20 World Cup final. Chasing 170 after a 27-ball half-century from Marco Jansen had rescued South Africa from 77-5, Allen bludgeoned 100 not out from 33 balls, including 10 fours and eight sixes, as New Zealand romped to victory with 43 balls to spare. Tim Seifert thrashed a brisk half-century of his own (58 off 33) as New Zealand's openers put on 117 runs (55 balls) for the first wicket before Allen kicked into overdrive. He smacked 42 runs off just 11 deliveries to dominate his 56-run stand with Rachin Ravindra, including dispatching Jansen for five consecutive boundaries to complete an emphatic win. South Africa were previously unbeaten at this tournament, including a seven-wicket victory over the Black Caps in the initial group phase, but faltered with the bat after losing the toss. They lost Quinton de Kock (10) and Ryan Rickelton (0) to consecutive deliveries in the second over to slump to 12-2 while Aiden Markram (18 off 20) and David Miller (6) both failed to capitalise on being dropped on three. When Dewald Brevis (34 off 27) chipped a routine catch to Mitchell Santner in the covers in the 11th over, it felt like game over for South Africa but Jansen found a stable partner in Tristan Stubbs (29 off 24) before bursting into life in the final five overs to propel the Proteas from 108-5 to 169-8. Jansen put on 73 runs (48 balls) for the sixth wicket with Stubbs and struck five sixes in his unbeaten 55 off 30 balls. However, it quickly proved nowhere near enough, with New Zealand never looking back after their destructive openers took the opening six overs for 84 runs.
Ireland head coach Andy Farrell says he expects to "sit down and have discussions" with the Irish Rugby Football Union over his future after being linked with a move to Saracens. Saracens last week released a statement to distance the club from "disrespectful" reports they had offered Farrell a coaching role after the 2027 Rugby World Cup when his Ireland deal ends. The English Premiership side sa...
Ireland head coach Andy Farrell says he expects to "sit down and have discussions" with the Irish Rugby Football Union over his future after being linked with a move to Saracens. Saracens last week released a statement to distance the club from "disrespectful" reports they had offered Farrell a coaching role after the 2027 Rugby World Cup when his Ireland deal ends. The English Premiership side said "no offer has been made" after the Irish Independent reported that Farrell was approached with a deal worth more than £1m a year to return to Sarries following next year's tournament in Australia. Mark McCall will step down as Saracens' director of rugby at the end of the season and Brendan Venter will return to the role. While Farrell admitted he understood why he would be linked with a role at his former club, where his son Owen currently plays, he said it was "people putting two and two together and making five". "You'd expect me to say I'm here to concentrate on the Six Nations and what will be, will be in the future," Farrell said ahead of Ireland's Six Nations game with Wales on Friday (20:10 GMT). "I suppose it's people putting two and two together and making five, with the connections, good friends with the owner, Owen's there and all of that... So you can see why that has happened. "I suppose we'll sit down and have discussions with the IRFU in the near future, that's for sure." Farrell, who played for Saracens as a player after switching from Rugby League, joined Ireland's coaching team under Joe Schmidt and became head coach after the conclusion of the 2019 World Cup. The 50-year-old guided Ireland to two Six Nations titles, including a Grand Slam in 2023, and took charge of the British and Irish Lions' series win over Australia in the summer.
Getty Images Investment Overview I have been covering Iovance Biotherapeutics ( IOVA ) in notes for Seeking Alpha since 2020, when I initiated coverage of the San Carlos, California headquartered biotech / pharma company with a Buy rating. Sadly, shares traded at a price of $35 then, and today they trade at just $3.75 - down nearly 90% - valuing the company at a market cap of $1.54bn. In some ways...
Getty Images Investment Overview I have been covering Iovance Biotherapeutics ( IOVA ) in notes for Seeking Alpha since 2020, when I initiated coverage of the San Carlos, California headquartered biotech / pharma company with a Buy rating. Sadly, shares traded at a price of $35 then, and today they trade at just $3.75 - down nearly 90% - valuing the company at a market cap of $1.54bn. In some ways, that's surprising, as the core focus of the company has always been its tumor infiltrating lymphocyte ("TIL") therapy lifileucel, and in 2020, lifileucel had just entered a pivotal Phase 2 clinical trial treating patients with advanced melanoma (skin cancer), and the company was still working on the construction of a manufacturing facility in Philadelphia. Today, lifileucel, brand name Amtagvi, is a commercially available therapy for advanced melanoma, having been approved in February 2024, and together with Proleukin (aldesleukin), an interleukin-2, or IL-2, product used in the Amtagvi, treatment regimen, helped Iovance post a revenue figure of $264m in 2025. Meanwhile, the Iovance Cell Therapy Center (" i CTC") in Philadelphia, is the first FDA-approved facility to manufacture commercial TIL cell therapy (source: Iovance 10K filing 2025). Management has consistently stated that it expects Amtagvi to become a "blockbuster" (>$1bn revenues per annum) product in advanced melanoma treatment in the US alone, but is also targeting an approval in second line non-small cell lung cancer ("NSCLC") treatment, a market management believes is seven times larger than melanoma. Amtagvi has also been approved in Canada, and could secure approvals in the UK, EU, Switzerland and Australia within the next two years. That being the case, we may ask why Iovance's market cap valuation is so low? There are several reasons for this, in my view. Firstly, it took far longer than expected to secure approval for Amtagvi than initially thought - the original biologics license application ("BLA") re...
Joby Aviation (NYSE: JOBY) expects to take to the skies with commercial flight in 2026. The company has built out manufacturing capacity, is moving toward FAA approval, and has laid the groundwork to have demand for flights from Day 1. Now, attention turns to executing on its long-term growth plans, which include building more vertiports and integrating with ride-sharing platforms. In this video, ...
Joby Aviation (NYSE: JOBY) expects to take to the skies with commercial flight in 2026. The company has built out manufacturing capacity, is moving toward FAA approval, and has laid the groundwork to have demand for flights from Day 1. Now, attention turns to executing on its long-term growth plans, which include building more vertiports and integrating with ride-sharing platforms. In this video, I cover what we learned about 2026 plans and why recent capital raises have increased the chance of success. *Stock prices used were end-of-day prices of Feb. 28, 2026. The video was published on March 4, 2026. Continue reading
After a big sell-off in January, BigBear.ai (BBAI +2.50%) stock got hit with another big pullback in February's trading. The company's share price sank 21.4% in the month. BigBear.ai's valuation headed lower last month amid a bearish backdrop for tech stocks. The S&P 500 fell 0.9%, and the Nasdaq Composite declined 3.4%. BigBear.ai's valuation fell as investors moved out of tech bets February was ...
After a big sell-off in January, BigBear.ai (BBAI +2.50%) stock got hit with another big pullback in February's trading. The company's share price sank 21.4% in the month. BigBear.ai's valuation headed lower last month amid a bearish backdrop for tech stocks. The S&P 500 fell 0.9%, and the Nasdaq Composite declined 3.4%. BigBear.ai's valuation fell as investors moved out of tech bets February was a tough month for tech stocks, with investors betting that artificial-intelligence (AI) technologies would disrupt many software businesses. Macroeconomic uncertainty spurred by the Supreme Court's ruling striking down many of President Donald Trump's tariffs and subsequent moves by the Trump administration to reinstate tariffs also jostled the market, and a hotter-than-expected producer-price-index (PPI) report drove another big sell-off at the end of the month. While BigBear.ai has long traded at a relatively low price-to-sales multiple for a company with exposure to defense tech trends, the company's performance has suggested it is falling behind in the AI race. With that apparent competitive dynamic, the stock suffered a big pullback in February as investors moved out of companies that could get left behind as AI disruption accelerates. Expand NYSE : BBAI BigBear.ai Today's Change ( 2.50 %) $ 0.10 Current Price $ 3.90 Key Data Points Market Cap $1.7B Day's Range $ 3.77 - $ 3.96 52wk Range $ 2.36 - $ 9.39 Volume 363K Avg Vol 78M Gross Margin 27.28 % BigBear.ai stock has kept sliding in March As of this writing, BigBear.ai is down 1% in March. Sell-offs might have been worse if escalation for the U.S. and Israeli's conflict with Iran didn't provide valuation support for defense stocks. BigBear.ai published its fourth-quarter and full-year results after the market closed on March 2. While the company's per-share loss of $0.01 beat the average analyst estimate by $0.05 per share, sales of $27.3 million in the period fell $6 million short of Wall Street's target. Revenue was...
Apple has launched its most affordable laptop as memory costs surge and competitors raise prices. The MacBook Neo, the company’s new laptop, is offered in four colors, including silver, a light pink, yellow, and blue. The MacBook Neo comes with Apple’s A18 Pro chip and starts at $599.
Apple has launched its most affordable laptop as memory costs surge and competitors raise prices. The MacBook Neo, the company’s new laptop, is offered in four colors, including silver, a light pink, yellow, and blue. The MacBook Neo comes with Apple’s A18 Pro chip and starts at $599.
BlackRock Inc. ’s Scott Kapnick , who leads the firm’s private credit business, said the biggest players will capitalize on the current industry turmoil while some of its smaller lenders may get left behind. “Most of the big managers are very good at managing risk, and the scaled players are going to continue to benefit from this period,” Kapnick, who is chief executive officer of HPS Investment P...
BlackRock Inc. ’s Scott Kapnick , who leads the firm’s private credit business, said the biggest players will capitalize on the current industry turmoil while some of its smaller lenders may get left behind. “Most of the big managers are very good at managing risk, and the scaled players are going to continue to benefit from this period,” Kapnick, who is chief executive officer of HPS Investment Partners , said at the Bloomberg Invest event Wednesday. For smaller firms operating more niche strategies, “that’s a tougher spot to be,” he said. Private credit executives have faced weeks of questions from investors over the resilience of the $1.8 trillion industry against writedowns, a rise in defaults and bets on the software sector that are now being upended by AI. From Blue Owl Capital Inc. to Blackstone Inc ., private credit’s biggest firms are confronting a wave of withdrawals from retail investors turning skittish, and their shares are off to their worst start to a year in a decade. Kapnick identified “pockets” of difficulty facing some credit firms, especially among smaller borrowers vulnerable to the triple threat of tariffs, labor costs and higher interest rates. Software businesses that are easier for AI to disrupt will also struggle, he said. “There was a lot of capital that was put in from very smart private equity and very smart institutional investors into software, really in the ‘21, ‘22 vintage, that was pretty highly priced,” said Kapnick, who co-founded HPS and then last year sold the business to BlackRock for $12 billion. “And as that works its way through the system now four or five years in, you may see pockets there.” BlackRock, a giant of stock and bond investing, is in the middle of a major transformation to catch up with leading private firms. Chief Executive Officer Larry Fink plunked down more than $25 billion, betting that private credit and infrastructure would become much greater holdings for big institutional as well as everyday retail inve...
US Treasury Secretary Scott Bessent said that President Donald Trump’s plan to increase a broad 10 per cent tariff rate to 15 per cent is likely to be implemented this week. “That’s likely sometime this week,” Bessent said on Wednesday on CNBC in response to a question about when the increase to 15 per cent would be made. Bessent’s comments offer the clearest indication yet regarding when the US w...
US Treasury Secretary Scott Bessent said that President Donald Trump’s plan to increase a broad 10 per cent tariff rate to 15 per cent is likely to be implemented this week. “That’s likely sometime this week,” Bessent said on Wednesday on CNBC in response to a question about when the increase to 15 per cent would be made. Bessent’s comments offer the clearest indication yet regarding when the US will follow through on Trump’s pledge to raise tariffs. Advertisement The president last month imposed a 10 per cent universal levy after the Supreme Court invalidated most of his previous tariff regime, then quickly threatened to hike the rate to 15 per cent. The administration, however, let the 10 per cent charge take effect without immediately increasing it. Advertisement US Trade Representative Jamieson Greer last week suggested the higher rate would not be universal. The European Union expects that it will not be subjected to the 15 per cent duty, given its framework trade agreement with Washington, according to people familiar with the matter.
Dingdong press release ( DDL ): Q4 Non-GAAP EPS of $0.02. Revenue of $892.7M (+10.3% Y/Y). Product revenues were RMB6,164.6 million (US$881.5 million) compared with product revenues of RMB5,822.5 million in the same quarter of 2024, an increase of 5.9% year over year. Service revenues were RMB78.0 million (US$11.2 million) compared with service revenues of RMB82.5 million in the same quarter of 20...
Dingdong press release ( DDL ): Q4 Non-GAAP EPS of $0.02. Revenue of $892.7M (+10.3% Y/Y). Product revenues were RMB6,164.6 million (US$881.5 million) compared with product revenues of RMB5,822.5 million in the same quarter of 2024, an increase of 5.9% year over year. Service revenues were RMB78.0 million (US$11.2 million) compared with service revenues of RMB82.5 million in the same quarter of 2024, a decrease of 5.4% year over year. More on Dingdong Dingdong (Cayman) Limited: Why It Could Be Better Off Teaming Up Seeking Alpha’s Quant Rating on Dingdong Historical earnings data for Dingdong Financial information for Dingdong