(RTTNews) - Syrah Resources Limited (SYR.AX) announced that the US International Trade Commission (ITC) issued a final negative determination in the antidumping and countervailing duty (AD/CVD) investigation into graphite active anode material (AAM) imports from China. As a resul
(RTTNews) - Syrah Resources Limited (SYR.AX) announced that the US International Trade Commission (ITC) issued a final negative determination in the antidumping and countervailing duty (AD/CVD) investigation into graphite active anode material (AAM) imports from China. As a resul
AutumnSkyPhotography/iStock Editorial via Getty Images Qualcomm ( QCOM ) has become a household name in the smartphone industry, providing chips across the iOS / Android divide for more than a decade and presiding over some spectacular advances in processing power, efficiency, and wireless connectivity. But with Apple ( AAPL ) preparing to replace their wireless chips with in-house designs, Qualco...
AutumnSkyPhotography/iStock Editorial via Getty Images Qualcomm ( QCOM ) has become a household name in the smartphone industry, providing chips across the iOS / Android divide for more than a decade and presiding over some spectacular advances in processing power, efficiency, and wireless connectivity. But with Apple ( AAPL ) preparing to replace their wireless chips with in-house designs, Qualcomm will need to become more than a smartphone supplier and leverage their technical innovations in new industries to increase revenue and maintain the valuation multiples they enjoy today. Qualcomm is not blind to this make-or-break transition and has several opportunities in automotive, IoT, and Windows laptops to grow the business. Below I’ll model whether those revenue streams can buoy Qualcomm’s falling share price before Apple takes off, or if there’s more downside before Qualcomm can turn things around. How quickly can Qualcomm diversify away from smartphone revenue? Qualcomm will rely on growing revenue from its Automotive and IoT segments to make up for slowing growth in its smartphone SOC segment, where some 80% of global Android shipments include Qualcomm components. QCOM will likely retain this dominance in Android designs that will power mid-single digit revenue growth, but losing Apple market share to their own custom wireless chips will reduce revenue by up to 20% that no amount of incremental Android sales will be able to replace. By 2030, Qualcomm forecasts that $8 billion in sales from the automotive segment (the Snapdragon Digital Chassis ) will be one of the biggest revenue drivers for the business. That includes technology like Digital Cockpit (powering in-car interfaces like instrument clusters, infotainment systems, and voice assistants), Autonomous Driver Assist Systems (ADAS) that process data from cameras and sensors and generate AI self-driving outputs, and vehicle networking and services capabilities like WiFi and Bluetooth connections and OTA upd...
AutumnSkyPhotography/iStock Editorial via Getty Images Qualcomm ( QCOM ) has become a household name in the smartphone industry, providing chips across the iOS / Android divide for more than a decade and presiding over some spectacular advances in processing power, efficiency, and wireless connectivity. But with Apple ( AAPL ) preparing to replace their wireless chips with in-house designs, Qualco...
AutumnSkyPhotography/iStock Editorial via Getty Images Qualcomm ( QCOM ) has become a household name in the smartphone industry, providing chips across the iOS / Android divide for more than a decade and presiding over some spectacular advances in processing power, efficiency, and wireless connectivity. But with Apple ( AAPL ) preparing to replace their wireless chips with in-house designs, Qualcomm will need to become more than a smartphone supplier and leverage their technical innovations in new industries to increase revenue and maintain the valuation multiples they enjoy today. Qualcomm is not blind to this make-or-break transition and has several opportunities in automotive, IoT, and Windows laptops to grow the business. Below I’ll model whether those revenue streams can buoy Qualcomm’s falling share price before Apple takes off, or if there’s more downside before Qualcomm can turn things around. How quickly can Qualcomm diversify away from smartphone revenue? Qualcomm will rely on growing revenue from its Automotive and IoT segments to make up for slowing growth in its smartphone SOC segment, where some 80% of global Android shipments include Qualcomm components. QCOM will likely retain this dominance in Android designs that will power mid-single digit revenue growth, but losing Apple market share to their own custom wireless chips will reduce revenue by up to 20% that no amount of incremental Android sales will be able to replace. By 2030, Qualcomm forecasts that $8 billion in sales from the automotive segment (the Snapdragon Digital Chassis ) will be one of the biggest revenue drivers for the business. That includes technology like Digital Cockpit (powering in-car interfaces like instrument clusters, infotainment systems, and voice assistants), Autonomous Driver Assist Systems (ADAS) that process data from cameras and sensors and generate AI self-driving outputs, and vehicle networking and services capabilities like WiFi and Bluetooth connections and OTA upd...
Berkeley Group Holdings Plc reiterated its profit guidance for the year but warned that the conflict in the Middle East was “weighing heavily on risk sentiment.” The housebuilder reaffirmed its pretax profit guidance of £450 million ($598 million) for this year and a “similar level” for 2027, according to a statement Friday. Still, it warned trading had been constrained by the impact on consumer c...
Berkeley Group Holdings Plc reiterated its profit guidance for the year but warned that the conflict in the Middle East was “weighing heavily on risk sentiment.” The housebuilder reaffirmed its pretax profit guidance of £450 million ($598 million) for this year and a “similar level” for 2027, according to a statement Friday. Still, it warned trading had been constrained by the impact on consumer confidence of geopolitical events and macroeconomic uncertainty between Nov. 1 and Feb. 28. “We are aware of the risk of a further deterioration in macro conditions with the potential for higher inflation in the near term and for interest rates to remain higher for longer,” Chief Executive Officer Rob Perrins said in the statement. Read more: UK Mortgages About to Get Pricier as Swap Rates Rise on Iran War UK mortgage costs have been rising again as the conflict in the Middle East raises fresh fears of inflation, while traders have ramped up bets on interest rate hikes by the Bank of England . “If oil gets up to $130, you’ve got inflation at 4.5% and you’re going to have lower demand,” Perrins said in an interview on Wednesday on the sidelines of the MIPIM real estate conference in Cannes. “If it does go on for a longer period of time, it is going to be a difficult time because uncertainty does stop people from building homes.” Britain’s housebuilders have endured a challenging period since borrowing costs jumped in 2022 and government stimulus to help buyers came to an end. Read more: Britain’s Economy Unexpectedly Stalled at Start of the Year Perrins said in the statement Friday that Berkeley would “await to see the impact” of the conflict in the Middle East on the market. In the interview with Bloomberg News at MIPIM, he said he thinks rates “will keep falling,” and that “markets are quite resilient to these types of events.”
Liuser/iStock via Getty Images The U.S. has launched trade investigations into 60 economies—including China, the European Union, Canada, Mexico, Japan, India and Russia—to check if they failed to ban imports of goods that were produced with forced labor. The investigations will be conducted under Section 301(b) of the Trade Act of 1974, which enables the U.S. to impose tariffs on countries engagin...
Liuser/iStock via Getty Images The U.S. has launched trade investigations into 60 economies—including China, the European Union, Canada, Mexico, Japan, India and Russia—to check if they failed to ban imports of goods that were produced with forced labor. The investigations will be conducted under Section 301(b) of the Trade Act of 1974, which enables the U.S. to impose tariffs on countries engaging in unfair practices that impact U.S. commerce. "For too long, American workers and firms have been forced to compete against foreign producers who may have an artificial cost advantage gained from the scourge of forced labor," said U.S. Trade Representative Jamieson Greer. "These investigations will determine whether foreign governments have taken sufficient steps to prohibit the importation of goods produced with forced labor and how the failure to eradicate these abhorrent practices impacts U.S. workers and businesses," he added . The announcement came a day after the U.S. launched Section 301 investigations into excess capacity and production in manufacturing sectors in 16 countries including China, the European Union, Mexico, Japan and India. "The United States will no longer sacrifice its industrial base to other countries that may be exporting their problems with excess capacity and production to us," Greer said . The trade investigations may present an alternative route to replace some of the reciprocal tariffs that the Supreme Court struck down last month. More on U.S. trade States Sue To Block Trump's 10% Global Tariff On U.S. Imports U.S. launches 16-nation trade probe that could lead to new tariffs Policy uncertainty hits highest level since Liberation Day tariffs: BofA UBS economists see 'bumpy' path for U.S. economy through 2028
Getty Images This week, crypto’s integration with TradFi accelerated as Kraken secured a Fed master account and Morgan Stanley moved its spot crypto ETF filings forward. Meanwhile, crude-driven macro volatility triggered a sharp surge in TradFi-linked perp activity, with oil perps trading above $2B per day. Beneath the turbulence, persistent spot ETF inflows into XRP and SOL point to selective dem...
Getty Images This week, crypto’s integration with TradFi accelerated as Kraken secured a Fed master account and Morgan Stanley moved its spot crypto ETF filings forward. Meanwhile, crude-driven macro volatility triggered a sharp surge in TradFi-linked perp activity, with oil perps trading above $2B per day. Beneath the turbulence, persistent spot ETF inflows into XRP and SOL point to selective demand and likely institutional positioning in major altcoin leaders. Crypto’s Convergence with TradFi Accelerates Kraken Becomes First Crypto Bank With Direct Fed Access Kraken Financial received approval from the Federal Reserve Bank of Kansas City on March 4, 2026, for a limited-purpose master account, becoming the first digital asset bank in U.S. history to gain direct access to the Federal Reserve's core payment infrastructure. This historic milestone breaks the longstanding barrier preventing crypto-native firms from direct participation in the U.S. central bank's payment systems, integrating crypto deeper into mainstream finance. Kraken can now settle USD transactions directly via Fedwire, enabling faster, cheaper, and more reliable fiat movements for institutional clients while eliminating reliance on intermediary banks and associated de-banking risks. It significantly enhances Kraken's institutional offerings (e.g., OTC, custody, staking), boosts operational efficiency, and strengthens its positioning ahead of a potential IPO. The approval sets a regulatory precedent, providing a clear pathway for other compliant crypto firms (such as Coinbase or Crypto.com) to pursue similar access and potentially sparking a wave of applications. Overall, it elevates the legitimacy and institutional trust of the crypto industry, accelerating its convergence with traditional financial rails and supporting broader adoption of assets like BTC and ETH. Morgan Stanley Advances Spot ETF Filings Morgan Stanley Investment Management submitted Amendment No. 1 (S-1/A) to the SEC on March 4, 20...
Indivior Pharmaceuticals ( INDV ) has announced the pricing of its offering of $450M in convertible senior notes due in 2031. The offering size was increased from an initial amount of $400M. Additionally, the purchasers have a 30-day option to buy an extra $50M worth of notes. The sale of these notes is set to settle on March 17, 2026. The notes will be unsecured senior obligations of Indivior, ca...
Indivior Pharmaceuticals ( INDV ) has announced the pricing of its offering of $450M in convertible senior notes due in 2031. The offering size was increased from an initial amount of $400M. Additionally, the purchasers have a 30-day option to buy an extra $50M worth of notes. The sale of these notes is set to settle on March 17, 2026. The notes will be unsecured senior obligations of Indivior, carrying an interest rate of 0.625% per year, with interest payments payable semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15, 2026. The maturity date is March 15, 2031, unless the notes are repurchased, redeemed, or converted earlier. Noteholders can convert their notes only under specific events until December 16, 2030. Conversions will be settled through cash payments or shares of common stock. The initial conversion rate is set at 24.0033 shares per $1,000 of principal, which equates to a conversion price of about $41.66 per share, representing a 35% premium over the common stock price reported on March 12, 2026. Indivior anticipates net proceeds of about $437.7 million from this offering, or $486.4 million if the additional notes option is fully exercised. These proceeds will be used as follows: around $239 million will be dedicated to paying off part of the term loan and credit facility, approximately $75 million will be used to buy back about 2.4 million shares of common stock from certain purchasers of the notes at the last reported stock price, and the rest will be allocated for general corporate purposes. More on Indivior Indivior Pharmaceuticals, Inc. 2025 Q4 - Results - Earnings Call Presentation Indivior Pharmaceuticals, Inc. (INDV) Q4 2025 Earnings Call Transcript Indivior plans $400M convertible senior notes offering Indivior outlines 30% adjusted EBITDA growth target for 2026 with new $400M share repurchase program Seeking Alpha’s Quant Rating on Indivior
Thousands of shareholders of the National Stock Exchange of India Ltd . may soon get a chance to sell stock as part of the bourse’s planned initial public offering, in line with regulatory requirements, according to people familiar with the matter. The bourse will contact investors who have held NSE shares in the unlisted market for at least a year, allowing them to tender stock in the offer-for-s...
Thousands of shareholders of the National Stock Exchange of India Ltd . may soon get a chance to sell stock as part of the bourse’s planned initial public offering, in line with regulatory requirements, according to people familiar with the matter. The bourse will contact investors who have held NSE shares in the unlisted market for at least a year, allowing them to tender stock in the offer-for-sale component, the people said, through which existing shareholders can sell shares to the public. The exercise could take over a month, after which NSE will file its draft red herring prospectus with regulators by the end of May, the people added, asking not to be identified as the details are private. An NSE representative did not respond to a request for comment. Under Securities and Exchange Board of India rules, existing shareholders are allowed to sell all or part of their holdings in an IPO, provided the shares have been held continuously for at least one year prior to the draft filing. NSE plans to sell about 4.5% of its equity in the secondary sale. If tenders exceed that level, acceptance may be determined on a proportional basis, the people said. The bourse had 159,394 shareholders as of June 30, 2025, up from 39,201 as of March 31, 2025, according to its website . The count rose further to 186,481 as of Dec. 31, 2025. Preparations for the IPO appear to be gathering pace. On Thursday, NSE appointed 20 banks to run the offering — exceeding a previous record of 18 bookrunners tapped by ICICI Prudential Asset Management Co. for its listing last year — and has also hired eight law firms to advise on the transaction. The exchange last month set up a committee and named Rothschild & Co. as an independent adviser to oversee the selection process, a mandate that concluded on Thursday. The IPO will consist entirely of an offer for sale, with existing investors expected to divest about 4% to 4.5% of the company’s equity, Bloomberg News has reported. Based on unlisted marke...
jetcityimage/iStock Editorial via Getty Images JPMorgan Chase & Co. ( JPM ) is the largest U.S. bank by assets, offering a broad spectrum of services that include consumer and commercial banking, investment banking, asset and wealth management, and payments infrastructure. They offer a diversified business model that generates revenue from multiple sources, ranging from lending and deposit service...
jetcityimage/iStock Editorial via Getty Images JPMorgan Chase & Co. ( JPM ) is the largest U.S. bank by assets, offering a broad spectrum of services that include consumer and commercial banking, investment banking, asset and wealth management, and payments infrastructure. They offer a diversified business model that generates revenue from multiple sources, ranging from lending and deposit services to trading, advisory fees, and asset management. The banking industry is undergoing significant transformation, driven by digital innovation and the rise of fintech competitors. JPM is a global machine in the finance world and has been persistent through volatile macroeconomic and geopolitical conditions. Seeking Alpha The banking industry is the most sensitive to interest rate changes and remains at risk to global interactions, as conflict can tighten capital markets and cause fluctuating credit risk. JPM has held strong in the last decade and is up about 380% in 10 years. The stock has crept down about 12% this year and might present an interesting chance for investors to get in. Based on management tone in their recent “Firm Overview” in late February, I am cautious for economic purposes and have JPM as a hold. The giant has had steady growth in Net Interest Income (NII) and stabilized margins while outpacing peers for years on several fronts. Signs of increasing provisions on credit losses and a murky macroeconomic outlook leave me waiting on JPM right now. Net Interest Gains JPM has seen big-time growth in net interest income and margin since the rise in interest rates post-pandemic. Firmwide NII was $95.9 billion in 2025, nearly double what it was coming out of the pandemic days in 2021. The rise in interest rates is, of course, the key driver to interest gains, but the company’s loan portfolio expansion has also led to the increase. Loan yields have risen faster than deposit costs for banks, which has expanded their net interest margin (NIM) to north of 3%. They sa...
A Eurasian Resources Group unit urged the Democratic Republic of Congo to stop illegal mining activities on one of the firm’s copper licenses following a deadly landslide. Illicit mining caused the landslide on March 11 that “led to fatalities and injuries,” Boss Mining SAS said in a statement Thursday. The copper producer – in which ERG owns a 51% stake – said the Congolese authorities should res...
A Eurasian Resources Group unit urged the Democratic Republic of Congo to stop illegal mining activities on one of the firm’s copper licenses following a deadly landslide. Illicit mining caused the landslide on March 11 that “led to fatalities and injuries,” Boss Mining SAS said in a statement Thursday. The copper producer – in which ERG owns a 51% stake – said the Congolese authorities should restore its “lawful access to these areas.” Congo’s mineral-rich southeastern region has made the country the world’s leading supplier of battery metal cobalt and No. 2 producer of copper. While industrial operations account for most output, hundreds of thousands of so-called artisanal miners work in the informal economy, often digging up ore within permits held by major companies. Boss Mining has alerted Congo’s government since 2022 to the “significant risks posed by the heavy presence of illegal, semi-mechanised and unauthorised” mining on its concession, according to the statement. The firm’s employees “have been denied access to this site due to the presence of unauthorised armed individuals,” it added. The company didn’t say how many people were injured or killed by the landslide. ERG also has other assets in Congo, including the Frontier copper mine and Metalkol, which is one of the world’s largest sources of cobalt. Congo’s state-owned Gecamines owns 49% of Boss Mining. Luxembourg-registered ERG is 40% owned by the government of Kazakhstan, where the company produces iron ore, ferrochrome and aluminum.