Fourth Quarter 2025 Results compared to prior year period unless otherwise noted; does not include results for Husky Technologies Non-GAAP Net Sales of $118 million, up 17% GAAP Net Income of $43 million, up 189% Pro Forma Adj. EBITDA of $43 million, up 41%, and Pro Forma Adj. EBITDA margin of 36.5%, up 640 basis points Full Year 2025 Results compared to prior year period unless otherwise noted; d...
Fourth Quarter 2025 Results compared to prior year period unless otherwise noted; does not include results for Husky Technologies Non-GAAP Net Sales of $118 million, up 17% GAAP Net Income of $43 million, up 189% Pro Forma Adj. EBITDA of $43 million, up 41%, and Pro Forma Adj. EBITDA margin of 36.5%, up 640 basis points Full Year 2025 Results compared to prior year period unless otherwise noted; does not include results for Husky Technologies Non-GAAP Net Sales of $462 million, up 10% GAAP Net Loss of $136 million, down 48% Pro Forma Adj. EBITDA of $171 million, up 24%, and Pro Forma Adj. EBITDA margin of 36.9%, up 408 basis points Recent Business Developments Completed business combination with Husky Technologies, rebranded to GPGI, completed debt refinancing to extend maturities and support future growth, and initiated a quarterly cash dividend Appointed Graham Robinson as President & CEO of CompoSecure and Rob Domodossola as President & CEO of Husky Technologies Full Year 2026 Outlook Following annual guidance is based upon expectations for the combined results of CompoSecure and Husky Technologies. Guidance for Non-GAAP Pro Forma Adjusted EBITDA includes payment of the Resolute Holdings management fee. Pro Forma Adj. Net Sales of $2,183 to $2,228 million Pro Forma Adj. EBITDA of $620 to $650 million Pro Forma Adj. Free Cash Flow of $325 to $375 million Non-GAAP Year-end Net LTM Leverage less than 3.0x NEW YORK, March 12, 2026 (GLOBE NEWSWIRE) -- GPGI, Inc. (NYSE: GPGI), a diversified multi-industry platform for companies with great positions in good industries, today announced its financial and operating results for the fourth quarter and full year ended December 31, 2025. Dave Cote, GPGI’s Executive Chairman, noted: “We are pleased with the strong fourth quarter and full year results that demonstrate our continued momentum and reinforce our position for long-term sustainable growth. We are confident in the strong underlying fundamentals for both businesses and ...
NEW YORK, March 12, 2026 (GLOBE NEWSWIRE) -- Resolute Holdings Management, Inc. (“Resolute Holdings”) (NYSE: RHLD), an operating management company responsible for providing management services to the operating businesses of GPGI, Inc. (“GPGI”) (NYSE: GPGI), today reported financial results for its fiscal fourth quarter and year ended December 31, 2025. Resolute Holdings reported fourth quarter ea...
NEW YORK, March 12, 2026 (GLOBE NEWSWIRE) -- Resolute Holdings Management, Inc. (“Resolute Holdings”) (NYSE: RHLD), an operating management company responsible for providing management services to the operating businesses of GPGI, Inc. (“GPGI”) (NYSE: GPGI), today reported financial results for its fiscal fourth quarter and year ended December 31, 2025. Resolute Holdings reported fourth quarter earnings per share attributable to common stockholders of ($0.20) and Non-GAAP Fee-Related Earnings per share of ($0.04). For the year ended December 31, 2025, Resolute Holdings reported earnings per share attributable to common stockholders of ($0.69) and Non-GAAP Fee-Related Earnings per share of $0.11. As a result of and following the execution of the management agreement with Husky Holdings LLC in January 2026, we expect our fee stream and profitability to increase meaningfully in 2026. As a result of the spin-off from GPGI and execution of the management agreement with GPGI Holdings, L.L.C. (“GPGI Holdings”), Resolute Holdings is required to consolidate the financial results of GPGI Holdings (and its subsidiaries, including Husky Holdings LLC) in accordance with U.S. GAAP. This presentation of financial results does not represent the underlying economics or the positive attributes of Resolute Holdings’ standalone business model, which consist of recurring, long-duration management fees and a relatively fixed expense base. The results of the Resolute Holdings standalone business and associated Non-GAAP Fee-Related Earnings calculation are included below to provide a clear picture of the economic performance of the business directly attributable to shareholders of RHLD. This release includes such results presented in accordance with U.S. GAAP, as well as certain Non-GAAP measures, including Fee-Related Earnings. See “Use of Non-GAAP Financial Measures” below. Resolute Holdings Segment Financial Information (GAAP); Fee-Related Earnings and Fee-Related Earnings Per Share (No...
Heritage advisers have approved an impact report for the redevelopment of Hong Kong’s Sha Tau Kok border checkpoint despite concerns that construction could affect a nearby historic temple holding monument status. At a meeting on Thursday, members of the Antiquities Advisory Board gave the green light to the heritage impact assessment for the project and its associated works. The project will invo...
Heritage advisers have approved an impact report for the redevelopment of Hong Kong’s Sha Tau Kok border checkpoint despite concerns that construction could affect a nearby historic temple holding monument status. At a meeting on Thursday, members of the Antiquities Advisory Board gave the green light to the heritage impact assessment for the project and its associated works. The project will involve demolishing the existing control point facility and constructing two major buildings connected by a footbridge. Advertisement But concerns have been raised that the plan could affect Hip Tin Temple, a declared monument located just outside the project site. The structure, dedicated to “god of martial arts” Kwan Tai, was constructed between 1894 and 1895. It is also one of the few remaining main temples associated with Tung Wo Market, which was operated by the village alliance “Shap Yeuk” that dominated the local economy between the 1830s and 1930s. Advertisement According to the impact assessment, the construction of the new facility, including the foundation works, could cause “changes in ground or water levels, as well as settlement, tilting or vibration” that would affect the temple.
U.S. investigates strike on Iranian school as the war sparks a global oil crisis Good morning. You're reading the Up First newsletter. Subscribe here to get it delivered to your inbox, and listen to the Up First podcast for all the news you need to start your day. Today's top stories In the last 24 hours, unknown attackers hit three commercial ships carrying oil in the Strait of Hormuz. The key pa...
U.S. investigates strike on Iranian school as the war sparks a global oil crisis Good morning. You're reading the Up First newsletter. Subscribe here to get it delivered to your inbox, and listen to the Up First podcast for all the news you need to start your day. Today's top stories In the last 24 hours, unknown attackers hit three commercial ships carrying oil in the Strait of Hormuz. The key passageway for the world's oil, which is one of the hot spots in the U.S. and Israel's war in the Middle East, is now effectively closed. President Trump is urging ships to keep using the route and is promising protection, but has offered very little detail on how that protection will work. toggle caption AFP via Getty Images 🎧 The U.S. and Israel could soon reach a point when there are a limited number of viable targets for their bombing campaign in Iran, NPR's Greg Myre tells Up First. Oil prices spiked today to $100 a barrel. Iran might keep the Strait of Hormuz closed to inflict as much economic pain as possible and deter future U.S. and Israeli attacks on them again, Myre says. when there are a limited number of viable targets for their bombing campaign in Iran, NPR's Greg Myre tells Up First. Oil prices spiked today to $100 a barrel. Iran might keep the Strait of Hormuz closed to inflict as much economic pain as possible and deter future U.S. and Israeli attacks on them again, Myre says. 🎧 Yesterday, the International Energy Agency announced that member nations would release 400 million barrels from their strategic oil reserves. It's the largest crude oil release the IEA has ever coordinated. Of those, 172 million will be coming from the U.S. over four months beginning next week. Former Trump economic adviser Stephen Moore tells NPR's Tamara Keith the president is betting that the conflict with Iran will be short, gas prices will soon drop and voters will forgive or forget. But rising fuel costs could make other essentials more expensive for consumers, Keith says. This ...
TLDRs; Meta deploys MTIA 300 chip to improve recommendation systems across Facebook and Instagram efficiently. MTIA 400-500 chips aim at generative AI inference, moving beyond smaller training workloads. Meta expands U.S. data centers and invests in AI infrastructure to support chip deployment. Meta’s custom chips reflect a wider industry move toward specialized AI hardware by tech giants. Meta Pl...
TLDRs; Meta deploys MTIA 300 chip to improve recommendation systems across Facebook and Instagram efficiently. MTIA 400-500 chips aim at generative AI inference, moving beyond smaller training workloads. Meta expands U.S. data centers and invests in AI infrastructure to support chip deployment. Meta’s custom chips reflect a wider industry move toward specialized AI hardware by tech giants. Meta Platforms Inc. (NASDAQ: META) saw its stock tick slightly higher this week following the rollout of its first in-house AI chip, the MTIA 300, as the company moves to bolster its artificial intelligence capabilities while reducing reliance on third-party hardware. The MTIA 300 is the first in a planned series of four custom-designed AI chips under Meta’s MTIA family. Meta executives say the chip is now fully operational, helping power ranking and recommendation systems across Facebook and Instagram. Future chips in the series, MTIA 400, 450, and 500, are slated to debut roughly every six months, with MTIA 400 already tested and MTIA 450 and 500 scheduled for deployment in 2027. MTIA 300 Powers Key Platforms According to Yee Jiun Song, Meta’s vice president of engineering, MTIA 300 enables the company to train smaller AI models that optimize user experience on its platforms. “These chips give Meta more diversity in silicon supply and help insulate the company from price volatility,” Song told CNBC. Meta Platforms, Inc., META By focusing on specialized AI workloads rather than large-scale model training, the MTIA 300 supports the company’s ranking and recommendation algorithms without requiring the massive GPU clusters typically used for training giant models. The MTIA series represents a “walk, crawl, run” approach, reflecting a cautious, staged strategy that builds on Meta’s previous experience with custom silicon. A failed earlier chip project taught executives the importance of incremental deployment, balancing ambition with operational risk. Future Chips Target Generative A...
This article first appeared on GuruFocus. An Oracle (ORCL, Financials) filing related to TikTok's reorganization shows a $2 billion interest in its U.S. business activities.To escape a U.S. prohibition, TikTok's Chinese parent firm ByteDance formed TikTok USDS Joint Venture LLC earlier this year. U.S. and foreign investors control 80.1% of the new company, while ByteDance owns 19.9%.MGX, Silver La...
This article first appeared on GuruFocus. An Oracle (ORCL, Financials) filing related to TikTok's reorganization shows a $2 billion interest in its U.S. business activities.To escape a U.S. prohibition, TikTok's Chinese parent firm ByteDance formed TikTok USDS Joint Venture LLC earlier this year. U.S. and foreign investors control 80.1% of the new company, while ByteDance owns 19.9%.MGX, Silver Lake, and Oracle are the joint venture's three management investors, each owning 15%. Adam Presser became new venture CEO in January.The agreement advances the long-running political and regulatory debate over TikTok's US business. Former President Donald Trump tried to ban the app in 2020 citing data access security fears.After the new ownership structure was established, the administration did not execute the April 2024 law that compelled ByteDance to sell its U.S. assets by January 2025 or risk a ban.Oracle's cloud services and data security have been crucial to TikTok's U.S. infrastructure.As demand for AI data centers rises, Oracle predicted robust revenue growth through 2027. Sales for the third quarter ending February 28 were $17.19 billion, beating analysts' projections of $16.91 billion.
Dick's Sporting Goods press release ( DKS ): Q4 Non-GAAP EPS of $3.45 beats by $0.51 . Revenue of $6.23B (+60.2% Y/Y) beats by $170M . Opened 16 House of Sport locations and 15 DICK'S Field House locations during 2025. Plans to open approximately 14 additional House of Sport locations and approximately 22 additional DICK'S Field House locations in 2026. Provides 2026 outlook and expects full year ...
Dick's Sporting Goods press release ( DKS ): Q4 Non-GAAP EPS of $3.45 beats by $0.51 . Revenue of $6.23B (+60.2% Y/Y) beats by $170M . Opened 16 House of Sport locations and 15 DICK'S Field House locations during 2025. Plans to open approximately 14 additional House of Sport locations and approximately 22 additional DICK'S Field House locations in 2026. Provides 2026 outlook and expects full year comparable sales growth to be in the range of 2.0% to 4.0% for the DICK'S Business and full year proforma comparable sales growth to be in the range of 1.0% to 3.0% for the Foot Locker Business. Expects full year 2026 consolidated operating income to be in the range of $1.71 to 1.83 billion; Expects full year 2026 consolidated non-GAAP operating income to be in the range of $1.68 to 1.81 billion. Expects full year 2026 consolidated earnings per diluted share to be in the range of $13.70 to 14.70; Expects full year 2026 non-GAAP consolidated earnings per diluted share to be in the range of $13.50 to 14.50. The board of directors authorizes a 3% increase in annualized dividend to $5.00 per share. Full Year 2026 Outlook The Company's Full Year Outlook for 2026 is presented below. Consolidated Outlook Metric Consolidated Full Year 2026 Outlook Net sales $22.1 billion to 22.4 billion vs. $21.77B consensus Operating income $1.71 billion to 1.83 billion $1.68 billion to 1.81 billion on a non-GAAP basis (1) Earnings per diluted share $13.70 to 14.70 Based on approximately 91 million diluted shares outstanding, which includes the dilutive impact of the 9.6 million shares issued in connection with the Foot Locker acquisition Based on an effective tax rate of approximately 25.5% $13.50 to 14.50 on a non-GAAP basis vs. $14.83 consensus Capital expenditures Approximately $1.7 billion on a gross basis Approximately $1.5 billion on a net basis Click to enlarge More on Dick's Sporting Goods DICK'S Sporting Goods Hits Home Run In Retail With Buyout Of Foot Locker DICK'S Sporting Goods, Inc....
Roberts Capital Advisors LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 67.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,971 shares of the information services provider's stock after selling 12,257 shares during the period. Alphabet comprises about 1.6% of Roberts Capital Advisors LLC's investment po...
Roberts Capital Advisors LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 67.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,971 shares of the information services provider's stock after selling 12,257 shares during the period. Alphabet comprises about 1.6% of Roberts Capital Advisors LLC's investment portfolio, making the stock its 16th biggest position. Roberts Capital Advisors LLC's holdings in Alphabet were worth $1,454,000 as of its most recent SEC filing. Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Alphabet in the 2nd quarter valued at about $4,298,572,000. JPMorgan Chase & Co. grew its position in Alphabet by 8.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider's stock worth $24,240,469,000 after acquiring an additional 7,904,434 shares during the last quarter. Vanguard Group Inc. increased its stake in Alphabet by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 416,753,033 shares of the information services provider's stock worth $73,927,821,000 after purchasing an additional 5,182,111 shares during the period. Assenagon Asset Management S.A. increased its stake in Alphabet by 73.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 9,808,152 shares of the information services provider's stock worth $2,388,775,000 after purchasing an additional 4,154,929 shares during the period. Finally, Laurel Wealth Advisors LLC lifted its position in Alphabet by 17,547.9% in the second quarter. Laurel Wealth Advisors LLC now owns 4,122,727 shares of the information services provider's stock valued at $731,331,000 after purchasing an additional 4,099,366 shares during the last quarter. 27.26% of the stock is owned by institutional investors. Get Alphabet alerts: Sign Up Analysts Set New Price Targets A number of research firms ...
LFL Advisers LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,038 shares of the information services provider's stock after purchasing an additional 3,400 shares during the period. Alphabet comprises approximately 10.7% of LFL Advi...
LFL Advisers LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,038 shares of the information services provider's stock after purchasing an additional 3,400 shares during the period. Alphabet comprises approximately 10.7% of LFL Advisers LLC's investment portfolio, making the stock its 6th biggest position. LFL Advisers LLC's holdings in Alphabet were worth $30,940,000 at the end of the most recent quarter. Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Alphabet in the second quarter valued at about $4,298,572,000. JPMorgan Chase & Co. boosted its stake in shares of Alphabet by 8.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider's stock valued at $24,240,469,000 after purchasing an additional 7,904,434 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Alphabet by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 416,753,033 shares of the information services provider's stock valued at $73,927,821,000 after purchasing an additional 5,182,111 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Alphabet by 73.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 9,808,152 shares of the information services provider's stock valued at $2,388,775,000 after purchasing an additional 4,154,929 shares during the last quarter. Finally, Laurel Wealth Advisors LLC increased its position in Alphabet by 17,547.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,122,727 shares of the information services provider's stock worth $731,331,000 after purchasing an additional 4,099,366 shares in the last quarter. Institutional investors own 27.26% of the company's sto...
Village Farms press release ( VFF ): Q4 GAAP EPS of $0.01. Revenue of $49.6M (+9.3% Y/Y). International Export Cannabis Sales Increased 384% YoY. Consolidated Q4 Net Income from Continuing Ops of $2.3 Million or $0.02 Per Share, Adj. EBITDA from Continuing Ops of $8.6 Million, and Operating Cash Flow of $11.4 Million Canadian Cannabis Delivers Q4 Gross Margin of 43%; Adj. EBITDA of $9.8 Million or...
Village Farms press release ( VFF ): Q4 GAAP EPS of $0.01. Revenue of $49.6M (+9.3% Y/Y). International Export Cannabis Sales Increased 384% YoY. Consolidated Q4 Net Income from Continuing Ops of $2.3 Million or $0.02 Per Share, Adj. EBITDA from Continuing Ops of $8.6 Million, and Operating Cash Flow of $11.4 Million Canadian Cannabis Delivers Q4 Gross Margin of 43%; Adj. EBITDA of $9.8 Million or 25.8% of Sales More on Village Farms Village Farms: Moving Past The Produce Section Village Farms International's Growth Story Has Just Begun Village Farms: Global GMP Advantage Driving Efficiency Returns Village Farms Q4 Earnings Preview Quant snapshot: Avino Silver & Gold, Harmony Gold lead strong buys as Angel Studios, Exagen lag
The OpenClaw frenzy that spread throughout China is testing Beijing’s approach to artificial intelligence, as it seeks to balance the push for cutting-edge innovation against concerns over data security. Tech giants and consumers have rushed to embrace the agentic AI phenomenon in the past few weeks and at its peak hundreds of people queued outside a tech shop in Shenzhen for help installing the s...
The OpenClaw frenzy that spread throughout China is testing Beijing’s approach to artificial intelligence, as it seeks to balance the push for cutting-edge innovation against concerns over data security. Tech giants and consumers have rushed to embrace the agentic AI phenomenon in the past few weeks and at its peak hundreds of people queued outside a tech shop in Shenzhen for help installing the software. But runaway uptake of the foreign technology caught the attention of officials and on Wednesday the central government warned state-run enterprises and agencies against installing it on office computers, according to people familiar with the matter. China is racing to establish itself as a world leader in AI and has pushed to embed it across its economy, with an aim to transform industries as well as everyday life. The new directive underlines how that ambition is jutting up against the ruling Communist Party’s instinct for stability and control. “Chinese regulators typically respond with extraordinary speed to threats from emerging technologies, but the rate of adoption of OpenClaw and other agentic tools is still outpacing them,” said Kendra Schaefer, partner and director of tech policy research at Trivium China. Software like OpenClaw, an open-source autonomous AI agent developed by an Austrian which slipped into mainstream use this year, can carry out tasks from email clean-ups to calendar management and flight check‑ins. The practice of installing the AI agent has even acquired a nickname in China: “raising lobsters.” Tencent, Alibaba, MiniMax, and Baidu have all launched OpenClaw-compatible tools. Local governments in cities including Shenzhen, Wuxi, and Hefei have announced large subsidies for startups building atop the platform. But it requires unusually broad access to private data and can communicate externally, potentially exposing computers to external attack. Yin Tongyue, the chairman of Chery Automobile Co. Ltd , one of China’s biggest electric vehicl...
SNDL press release ( SNDL ): Q4 GAAP EPS of -C$0.06 misses by C$0.08 . Revenue of C$252.5M (-2.0% Y/Y) misses by C$5.47M . Net revenue for the fourth quarter of 2025 was $252.5 million, and $946.4 million for the full year of 2025, representing decrease of (2.0)% and growth of +2.8%, respectively, when compared to the same periods of the previous year. More on SNDL Why I Am Upgrading SNDL Seeking ...
SNDL press release ( SNDL ): Q4 GAAP EPS of -C$0.06 misses by C$0.08 . Revenue of C$252.5M (-2.0% Y/Y) misses by C$5.47M . Net revenue for the fourth quarter of 2025 was $252.5 million, and $946.4 million for the full year of 2025, representing decrease of (2.0)% and growth of +2.8%, respectively, when compared to the same periods of the previous year. More on SNDL Why I Am Upgrading SNDL Seeking Alpha’s Quant Rating on SNDL Historical earnings data for SNDL Financial information for SNDL
In this article DKS Follow your favorite stocks CREATE FREE ACCOUNT FILE PHOTO: People queue during Black Friday sales in front of a Foot Locker shoe store, in Zurich, Switzerland November 27, 2020. Arnd Wiegmann | Reuters Dick's Sporting Goods said Thursday it saw a better-than-expected holiday quarter, but the retailer issued weak profit guidance for the year ahead as its acquisition of Foot Loc...
In this article DKS Follow your favorite stocks CREATE FREE ACCOUNT FILE PHOTO: People queue during Black Friday sales in front of a Foot Locker shoe store, in Zurich, Switzerland November 27, 2020. Arnd Wiegmann | Reuters Dick's Sporting Goods said Thursday it saw a better-than-expected holiday quarter, but the retailer issued weak profit guidance for the year ahead as its acquisition of Foot Locker continues to weigh on its bottom line. The company is expecting fiscal 2026 adjusted earnings per share to be between $13.50 and $14.50, weaker than the $14.67 analysts had expected, according to LSEG. Dick's said it expects Foot Locker to get back to both profit and sales growth during the year, but it's still doing the costly work of clearing through stale inventory and closing unproductive stores that it acquired during the merger last year. The company expects those efforts, along with other expenses associated with the deal, to cost between $500 million and $750 million. It said around $390 million of those costs were recorded in fiscal 2025, with more expected in the current fiscal year. In an interview with CNBC's Sara Eisen, executive chairman Ed Stack said the company is "basically done" with its efforts to rightsize the Foot Locker business. "In retail you're never really done cleaning out the garage," said Stack. "Anything else going forward is normal course of business." Dick's beat Wall Street's expectations on the top and bottom lines for the three months ended Jan. 31. Here's how the company did in its fourth fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: Earnings per share: $3.45 adjusted vs. $2.87 expected Revenue: $6.23 billion vs. $6.07 billion expected Dick's posted a net income of $128.3 million, or $1.41 per share, a 57% decline from $299.97 million, or $3.62 per share, a year earlier. Sales rose to $6.23 billion, up from $3.89 billion a year earlier, when the business didn't include Foot Lock...
Turkey’s central bank held its benchmark interest rate steady on Thursday, pausing a cycle of cuts because of a war-driven spike in energy prices and currency pressures. The Monetary Policy Committee, led by Governor Fatih Karahan , left the one-week repo rate unchanged at 37%. The result was in line with the expectations of all but one of 17 analysts surveyed by Bloomberg. The monetary authority ...
Turkey’s central bank held its benchmark interest rate steady on Thursday, pausing a cycle of cuts because of a war-driven spike in energy prices and currency pressures. The Monetary Policy Committee, led by Governor Fatih Karahan , left the one-week repo rate unchanged at 37%. The result was in line with the expectations of all but one of 17 analysts surveyed by Bloomberg. The monetary authority also kept the overnight lending rate — which it has used since March 1 to keep liquidity conditions tight — unchanged at 40%. Because Turkey imports most of its oil and gas, skyrocketing energy prices resulting from the Iran war directly impact its domestic costs. To contain the inflationary risks posed by these costs and by global financial volatility, “decisions supporting tight monetary policy have been enacted alongside coordinated fiscal measures,” the MPC said in a statement accompanying the decision. It added that the monetary policy stance would be tightened “in case of a significant and persistent deterioration in the inflation outlook, which can also be driven by the recent developments.” Decisions are made meeting by meeting, it said. The tightening of monetary conditions started shortly after the outbreak of the war, when the central bank shifted funding provided to commercial banks away from the one-week policy rate to the costlier overnight-lending rate, effectively delivering a rate hike. Funding from the one-week repo rate remained suspended as of Thursday. “This framework provides the central bank with greater operational flexibility, allowing it to calibrate financial conditions while assessing the potential inflationary implications of ongoing geopolitical developments and broader financial market volatility,” said Tufan Comert , executive director of global markets strategy at BBVA. “The decision and accompanying hawkish guidance are supportive for the lira in the near term.” The lira has remained mostly stable since the start of the conflict thanks to i...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Riley Griffin visits Meta’s chip lab to report on the effort to develop its own AI processors. Tech Across the Globe Nvidia investment: The chipmaker will put $2 billion into a deal with Amsterdam-based Nebius to develop and build AI data centers with 5 gigawatts of power...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Riley Griffin visits Meta’s chip lab to report on the effort to develop its own AI processors. Tech Across the Globe Nvidia investment: The chipmaker will put $2 billion into a deal with Amsterdam-based Nebius to develop and build AI data centers with 5 gigawatts of power by the end of 2030. Atlassian job cuts: The maker of collaboration software said it would eliminate about 10% of its workforce, or 1,600 employees, as it changes to adapt to the greater use of artificial intelligence. Anthropic legal fight: The AI company told a US judge that it could lose billions of dollars in annual revenue if the Pentagon’s decision to label it a supply chain risk is allowed to stand. Revalued French health startup Alan raised more than €100 million ($116 million) in a round that valued the startup above €5 billion. The firm, which was founded in 2016, began by offering health insurance, but has expanded to integrate insurance with other health services and access to clinicians. Ambitious plan The laboratory in front of me had a name: “GUY WITH ARROW TO THE KNEE.” Ignorant of the video-game meme it referenced, I cocked my head at the plaque outside the room at Meta’s campus in Fremont, California. Inside, the company has been running high-stakes tests : In-house chipmakers have been evaluating custom silicon they designed to push forward a multihundred-billion-dollar artificial intelligence bet. Chipmaking isn’t easy. The process from design to production can take years and is incredibly expensive. And it takes quite the technical talent to deliver results. If you ask a room of experts who the best chip designers are, immediately you’ll hear the word Nvidia. Others might say Advanced Micro Devices or Qualcomm. But Meta, well, it’s never been in the conversation. That hasn’t dimmed its ambitions. Amid insatiable demand for computing resources, Meta is s...
Zolak Healthcare ( XLV ) and Info Tech ( XLK ) are the favored sectors in the list of stocks with the most exposure from hedge funds, according to BofA. In its latest assessment of active management holdings, BofA identifies the S&P 500 ( SPY ) ( IVV ) ( VOO ) stocks with the most net relative exposure by hedge funds. Here are the top 20 (as of January). Company (Ticker) HF Net Relative Weight Inc...
Zolak Healthcare ( XLV ) and Info Tech ( XLK ) are the favored sectors in the list of stocks with the most exposure from hedge funds, according to BofA. In its latest assessment of active management holdings, BofA identifies the S&P 500 ( SPY ) ( IVV ) ( VOO ) stocks with the most net relative exposure by hedge funds. Here are the top 20 (as of January). Company (Ticker) HF Net Relative Weight Incyte Corporation ( INCY ) 26.73 Centene Corporation ( CNC ) 20.26 Hologic, Inc. ( HOLX ) 17.44 News Corporation Class A ( NWSA ) 14.62 VeriSign, Inc. ( VRSN ) 14.17 J.B. Hunt Transport Services, Inc. ( JBHT ) 13.01 Electronic Arts Inc. ( EA ) 12.85 Match Group, Inc. ( MTCH ) 12.83 PG&E Corporation ( PCG ) 12.62 Las Vegas Sands Corp. ( LVS ) 12.47 Kenvue, Inc. ( KVUE ) 12.06 GoDaddy, Inc. Class A ( GDDY ) 11.64 Sandisk Corp ( SNDK ) 10.81 United Airlines Holdings, Inc. ( UAL ) 10.34 Qnity Electronics, Inc. ( Q ) 10.09 Camden Property Trust ( CPT ) 10.03 Molina Healthcare, Inc. ( MOH ) 9.74 Carvana Co. Class A ( CVNA ) 9.58 Norfolk Southern Corporation ( NSC ) 9.42 Hasbro, Inc. ( HAS ) 9.35 Click to enlarge More on SPDR S&P 500 ETF Trust How Might Stocks React After The FOMC's March 2026 Rate Decision? Disinflation Continues With Unknowns Ahead AIER's Everyday Price Index Jumps 0.61 Percent In February 2026 U.S. targets China, Mexico, EU, and India in massive 16-nation trade probe to rebuild Trump tariffs Tillis calls Powell probe "absurd," praises Warsh nomination
Mackenzie Financial Corp raised its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 228.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 594,064 shares of the semiconductor manufacturer's stock after acquiring an additional 412,967 shares during the period. Mackenzie Financial ...
Mackenzie Financial Corp raised its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 228.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 594,064 shares of the semiconductor manufacturer's stock after acquiring an additional 412,967 shares during the period. Mackenzie Financial Corp owned approximately 0.05% of Micron Technology worth $99,399,000 at the end of the most recent reporting period. A number of other large investors have also recently modified their holdings of the business. American Capital Advisory LLC increased its position 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 purchasing an additional 46 shares during the last quarter. Winthrop Capital Management LLC lifted its position in Micron Technology by 4.0% during the third quarter. Winthrop Capital Management LLC now owns 1,234 shares of the semiconductor manufacturer's stock valued at $206,000 after purchasing an additional 47 shares during the last quarter. Teamwork Financial Advisors LLC increased its holdings in shares of Micron Technology by 0.4% in the 3rd quarter. Teamwork Financial Advisors LLC now owns 14,974 shares of the semiconductor manufacturer's stock worth $2,505,000 after buying an additional 53 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of 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 buying an additional 53 shares during the last quarter. Finally, Lodestone Wealth Management LLC raised its position in shares of Micron Technology by 3.2% during the 3rd quarter. Lodestone Wealth Management LLC now owns 1,693 shares of the semiconductor manufacturer's stock valued at $283,000 after buying an additional...