A sitting Philippine senator wanted by the International Criminal Court for his role in former president Rodrigo Duterte’s drug war took refuge inside the Senate on Monday to avoid arrest by government agents. Senator Ronald Dela Rosa, the country’s one-time police chief, was under the Senate’s protection “in accordance with our rules and Philippine laws”, newly elected Senate President and Dutert...
A sitting Philippine senator wanted by the International Criminal Court for his role in former president Rodrigo Duterte’s drug war took refuge inside the Senate on Monday to avoid arrest by government agents. Senator Ronald Dela Rosa, the country’s one-time police chief, was under the Senate’s protection “in accordance with our rules and Philippine laws”, newly elected Senate President and Duterte ally Alan Peter Cayetano told reporters. “We will allow an arrest under the condition that it is a...
Cisco CEO Chuck Robbins appears at the World Economic Forum in Davos, Switzerland, on Jan. 21, 2026. Krisztian Bocsi | Bloomberg | Getty Images Options traders might have found a new big-tech favorite ahead of this week's earnings: legacy networking giant Cisco , a stock that's undergone a years-long pivot to software and cloud-based AI technology and is now surging into its Wednesday report. Shar...
Cisco CEO Chuck Robbins appears at the World Economic Forum in Davos, Switzerland, on Jan. 21, 2026. Krisztian Bocsi | Bloomberg | Getty Images Options traders might have found a new big-tech favorite ahead of this week's earnings: legacy networking giant Cisco , a stock that's undergone a years-long pivot to software and cloud-based AI technology and is now surging into its Wednesday report. Shares are up 15% in the past month and options bulls are piling in, with more than 75,000 calls traded by noon central time Friday, compared to 16,000 puts. More than twice as many calls traded at the ask or above than at the bid, meaning traders were buying upside exposure. The shares were ticking higher Monday in a tough tape. Most of the trading was in at-or-near-the-money call contracts that shifted higher as the stock added onto gains throughout the session Friday, with the 100-strike call expiring May 15 the most popular contract by volume and the 95-strike expiring the same day accumulating the most premium traded. Stock Chart Icon Stock chart icon Cisco, YTD What's perhaps most notable is that implied volatility -- the price of trading options in Cisco – is rising quickly amid the trading bonanza. Implied volatility on Friday touched 47, the highest in more than a year and on par with the semiconductor index, a sector where stocks have been making parabolic moves. Rising call premiums alongside stock prices has become a key identifying characteristic of momentum stocks that have attracted the attention of retail traders willing to place pricey bets that shares will move higher in a hurry. One recent example: legacy chipmaker Intel , less than a year removed from chatter about irrelevancy, up 88% since bullish options flows were identified prior to earnings. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
UBS just hit the brakes on Dell Technologies (NYSE:DELL), downgrading the AI server bellwether to Neutral from Buy on May 11. In the same breath, the firm raised its price target to $243 from $167, an unusual combination that tells investors exactly where Wall Street’s worry sits: on the price tag rather than the business. ... UBS Just Downgraded Dell After 157% Rally: Time to Cash In the Chips?
UBS just hit the brakes on Dell Technologies (NYSE:DELL), downgrading the AI server bellwether to Neutral from Buy on May 11. In the same breath, the firm raised its price target to $243 from $167, an unusual combination that tells investors exactly where Wall Street’s worry sits: on the price tag rather than the business. ... UBS Just Downgraded Dell After 157% Rally: Time to Cash In the Chips?
Dilok Klaisataporn/iStock via Getty Images Performance data quoted represents past performance. Past performance does not guarantee future results. All performance assumes the reinvestment of dividends and capital gains, and represents returns of the Investor Class shares. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be ...
Dilok Klaisataporn/iStock via Getty Images Performance data quoted represents past performance. Past performance does not guarantee future results. All performance assumes the reinvestment of dividends and capital gains, and represents returns of the Investor Class shares. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end for Ariel Appreciation Fund may be obtained by visiting our website, arielinvestments.com . For the period ended March 31, 2026, the average annual returns of Ariel Appreciation Fund (Investor Class) for the 1-, 5-, and 10-year periods were +20.76%, +4.72% and +7.95%, respectively. U.S. equities experienced a volatile, risk off start with major indices declining and briefly entering correction territory amid a sharp March selloff. The S&P 500 posted its worst quarterly return since the third quarter of 2022, driven by an escalating Middle East conflict that pushed energy prices higher, disrupted global supply chains and revived inflation concerns. Rising bond yields pressured valuations and accelerated a shift away from the mega-tech leaders toward Energy and more defensive sectors. Expectations for rate cuts waned, weighing on market sentiment despite resilient underlying earnings. Although late quarter headlines suggesting a cease fire sparked a brief relief rally, ongoing uncertainty underscored the value of fundamentals driven investing. Periods of stress often widen the disconnect between price and value, particularly for companies with sustainable earnings power. Anchored in our private market value discipline—refined over more than four decades and five market cycles—we maintain a patient, long-term perspective, grounded in the belief that durable investment outcomes are achieved through though...
KanawatTH/iStock via Getty Images From the last coverage of FBTC, the price has dropped by 8%. In this market, there doesn't seem to have been room for uncertainty. Yet it's precisely in a market like the one we're going through today, that I think Bitcoin can make room for itself. And personally, despite the price congestion, I continue, stubbornly, to identify 3 potential patterns/virtues that c...
KanawatTH/iStock via Getty Images From the last coverage of FBTC, the price has dropped by 8%. In this market, there doesn't seem to have been room for uncertainty. Yet it's precisely in a market like the one we're going through today, that I think Bitcoin can make room for itself. And personally, despite the price congestion, I continue, stubbornly, to identify 3 potential patterns/virtues that could make demand step on the accelerator, therefore the price. And I talk about it here, but first... A quick TL;DR For new readers I'm happy to leave this TL;DR, to introduce us all better to what is the thesis of my research: FBTC was born with the objective of following the price of BTC-USD, by directly holding bitcoin; it's a spot ETF. To do this it charges costs ( TER ) of about 0.25%; an element, even if not the only one, that has over time contributed to amplifying the tracking error. Let me explain better ... FBTC: 1Y Price Performance (Seeking Alpha) Since BTC-USD is very volatile, and since the fees are paid in Bitcoin, and all the more so since from 2024 BTC has grown by over 74%, the cost of those fees, in absolute terms remains higher than what is actually paid, and the true measure is precisely in the lower total return that you get compared to obtaining Bitcoin directly onchain. FBTC - BTC-USD: tracking (Seeking Alpha) And if one were to introduce a peer comparison, costs become an indispensable yardstick in this sense. And considering that there are ETFs with lower fees, such as for example BTC , why then take FBTC into consideration? It will potentially have a higher tracking error over time? FBTC: Bitcoin ETF Comparison (Seeking Alpha) Yes, partly yes. But it's also true that FBTC has an important merit. An enviable liquidity grade, for SA A+, which makes it interesting for faster operations, and representativeness in the entry and exit price, with the guarantee of the Fidelity brand. And it's an element I appreciate, especially for the thesis and strategy...