imaginima/E+ via Getty Images MercadoLibre ( MELI ) is commonly referred to as the "Amazon of South America," but the moniker understates the true ingenuity. For readers unfamiliar with the company, the top-down view of the business is that they primarily operate the dominant e-commerce marketplace across Latin America. Through necessity-driven innovation, MercadoLibre has expanded their offerings...
imaginima/E+ via Getty Images MercadoLibre ( MELI ) is commonly referred to as the "Amazon of South America," but the moniker understates the true ingenuity. For readers unfamiliar with the company, the top-down view of the business is that they primarily operate the dominant e-commerce marketplace across Latin America. Through necessity-driven innovation, MercadoLibre has expanded their offerings into an ecosystem that includes Mercado Pago, Mercado Envios, Mercado Credito, Mercado Ads, and Mercado Play. Each of these unique business segments seemingly integrates and builds on one another, creating a business flywheel. I think the business structure and the strong management culture are what support my Strong Buy rating for the stock. The Mechanics of the Flywheel To appreciate the brilliance of MercadoLibre, it helps to understand the agile mechanics who built the business model we see today. They began primarily as an e-commerce marketplace in the emerging regions of Argentina, Brazil, and Mexico. Their first major hurdle was a severe lack of digital banking and consumer trust. This led to the creation of Mercado Pago, initially an escrow service, which later evolved into a massive fintech business that now generates over $12 billion in sales. Mercado Pago’s debut was a success and fueled a surge in transaction volume. This exposed the company's next bottleneck, which was slow delivery times due to inadequate third-party couriers. Because Latin America lacked reliable infrastructure, the company created Mercado Envios, building out its own transportation and fulfillment networks. This vertical integration gave them complete autonomy and control over the customer experience. Once the core business was stable, management began stacking high-margin services to further reduce friction, increase customer engagement, and offer more value. They launched Mercado Credito to provide working capital to merchants and a BNPL option for consumers, using their own proprietary s...
It flew for only two seconds, but its impact is still felt a century later. Robert Goddard's first liquid-fueled rocket, which lifted off from a snowy field on March 16, 1926, has been written about extensively. Earlier solid-fueled rockets existed, but liquid-fueled rockets promised the sustainability and control needed to send spacecraft and humans into Earth orbit and beyond. "The rocket's reac...
It flew for only two seconds, but its impact is still felt a century later. Robert Goddard's first liquid-fueled rocket, which lifted off from a snowy field on March 16, 1926, has been written about extensively. Earlier solid-fueled rockets existed, but liquid-fueled rockets promised the sustainability and control needed to send spacecraft and humans into Earth orbit and beyond. "The rocket's reach was short, but it marked the moment that humanity entered a new era," said Kevin Schindler, author of "Robert Goddard's Massachusetts," speaking at the site of that first launch as part of a centennial commemoration held Saturday in Auburn (March 14). "It proved that liquid fuel could lift a craft skyward—the essential breakthrough that would one day carry humans to the moon." Read full article Comments
Belgium’s prime minister, Bart De Wever, has been criticised for calling for the normalisation of relations with Russia to re-establish cheap energy supplies. The Flemish nationalist leader’s judgement was questioned in Belgium and beyond after he said on Saturday that the EU needed to make a deal with Russia. “We are losing on all fronts, we must end the conflict in Europe’s interest,” he told th...
Belgium’s prime minister, Bart De Wever, has been criticised for calling for the normalisation of relations with Russia to re-establish cheap energy supplies. The Flemish nationalist leader’s judgement was questioned in Belgium and beyond after he said on Saturday that the EU needed to make a deal with Russia. “We are losing on all fronts, we must end the conflict in Europe’s interest,” he told the Belgian newspaper L’Echo. De Wever said Europe had to rearm “and at the same time we must normalise relations with Russia and regain access to cheap energy. It is common sense. In private European leaders tell me I am right, but no one dares say it out loud.” Bringing Russia to its knees would only be possible with “100% support from the United States,” he said, adding that Washington was sometimes closer to Vladimir Putin than Volodymyr Zelenskyy. Belgium’s foreign minister, Maxime Prévot, quickly distanced himself. “Russia refuses to allow European participation at the negotiating table. It is sticking to maximalist demands,” he said. “As long as this lasts, speaking of normalisation will be perceived as a sign of weakness that will sap European unity, which we need more than ever.” Prévot, from a centrist party that is part of De Wever’s coalition, said easing pressure would be “giving Putin exactly what he wants.” Asked about De Wever’s comments on Monday, Lithuania’s foreign minister, Kęstutis Budrys, recalled the demands Russia had laid down in 2021 shortly before its full-scale invasion of Ukraine. They included Nato removing any troops or weapons deployed to countries that entered the alliance after 1997, effectively meaning much of eastern Europe, including Poland, the Baltic states and Balkan countries. Budrys said: “We know their demands coming back from ‘21. And that will be not only related to Ukraine, that will be related also to us and to the deployment of the forces and many other things. So we have to collect our strength.” He said he expected a positive ...
"I did it for the people of the West Midlands to see. I like the way the Peaky Blinders dress and the mystery of it all," the 68-year-old from Wolverhampton told the BBC.
"I did it for the people of the West Midlands to see. I like the way the Peaky Blinders dress and the mystery of it all," the 68-year-old from Wolverhampton told the BBC.
New Confidential AI solution empowers Canadian organizations to unlock secure AI at scale with cryptographic proof of protection on sovereign infrastructure SAN JOSE, Calif., March 16, 2026 /CNW/ - TELUS and Fortanix announced a new Confidential AI solution – built on NVIDIA – that enables organizations to train and deploy AI on their most sensitive data with cryptographic proof that it remains se...
New Confidential AI solution empowers Canadian organizations to unlock secure AI at scale with cryptographic proof of protection on sovereign infrastructure SAN JOSE, Calif., March 16, 2026 /CNW/ - TELUS and Fortanix announced a new Confidential AI solution – built on NVIDIA – that enables organizations to train and deploy AI on their most sensitive data with cryptographic proof that it remains securely within Canadian jurisdiction. TELUS Logo (CNW Group/TELUS Communications Inc.) Confidential AI applies advanced encryption technology – called Confidential Computing – specifically to protect AI workloads, maintaining encryption of sensitive data even while being actively processed by the AI system. Developed jointly by TELUS and Fortanix, a leader in confidential computing security, leveraging state-of-the-art NVIDIA infrastructure at the TELUS Sovereign AI Factory, the new solution uses cryptographic attestation and secure key releases to establish a verifiable chain of trust. This ensures proprietary models, sensitive data and agent credentials remain encrypted throughout training, fine-tuning and inference. "TELUS has built Canada's first fully Sovereign AI infrastructure so that researchers, startups, enterprises and public institutions no longer have to choose between protecting their data and unlocking the transformative benefits of AI," said Hesham Fahmy, Chief Information Officer, TELUS. "This latest innovation with Fortanix and NVIDIA adds a critical, final security layer to protect data while it is actively being processed. Now, regulated organizations can deploy AI even on their most sensitive workloads, with auditable proof of protection, so they can accelerate innovation confidently without compromising their control, privacy and compliance." This solution, announced at NVIDIA GTC 2026 in San Jose, is particularly critical for organizations in healthcare, finance, government, and other regulated sectors, where the challenges of deploying AI and risking ...
It's always a good idea to invest for the long term because this strategy offers you the opportunity to benefit from a company's growth story -- and any bumps along the road won't be felt as much if you hang on for several years, as the good times may compensate. After all, even the best companies encounter tough market times or headwinds at some point. And when a company is particularly strong, y...
It's always a good idea to invest for the long term because this strategy offers you the opportunity to benefit from a company's growth story -- and any bumps along the road won't be felt as much if you hang on for several years, as the good times may compensate. After all, even the best companies encounter tough market times or headwinds at some point. And when a company is particularly strong, you may want to make it a core holding, owning it for many years -- or even forever. You'll want a company that's proven itself over time and one that offers very clear prospects. Costco (COST 0.82%) and Coca-Cola (KO +0.79%) both fit the bill. But if you could only buy one right now, which is the best to buy and hold forever? Let's find out. The case for Costco What I like about Costco is that it has what it takes to deliver earnings stability or even growth during tough economic times. This is because the company offers dirt cheap prices on items, so shoppers are likely to favor shopping there during these moments. It's also important to note that Costco makes most of its profit through membership fees, meaning it's benefiting before you even set foot in the warehouse to shop. And the membership renewal rate of more than 90% in the major markets of the U.S. and Canada provides us with visibility into earnings to come. Expand NASDAQ : COST Costco Wholesale Today's Change ( -0.82 %) $ -8.27 Current Price $ 1000.16 Key Data Points Market Cap $447B Day's Range $ 995.50 - $ 1012.61 52wk Range $ 844.06 - $ 1067.08 Volume 21K Avg Vol 2.5M Gross Margin 12.93 % Dividend Yield 0.52 % Costco also rewards shareholders with a dividend, today at $5.20 at a yield of 0.5%, another great reason to hold on for the long term. The case for Coca-Cola Coca-Cola has a rock-solid moat, or competitive advantage, in the form of its brand strength and its distribution network. This has helped the world's biggest maker of non-alcoholic beverages deliver earnings growth over time. The company also has...
Key Points Both of these players reward shareholders with dividends. Costco and Coca-Cola have earned consumers' loyalty. 10 stocks we like better than Costco Wholesale › It's always a good idea to invest for the long term because this strategy offers you the opportunity to benefit from a company's growth story -- and any bumps along the road won't be felt as much if you hang on for several years,...
Key Points Both of these players reward shareholders with dividends. Costco and Coca-Cola have earned consumers' loyalty. 10 stocks we like better than Costco Wholesale › It's always a good idea to invest for the long term because this strategy offers you the opportunity to benefit from a company's growth story -- and any bumps along the road won't be felt as much if you hang on for several years, as the good times may compensate. After all, even the best companies encounter tough market times or headwinds at some point. And when a company is particularly strong, you may want to make it a core holding, owning it for many years -- or even forever. You'll want a company that's proven itself over time and one that offers very clear prospects. 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 » Costco (NASDAQ: COST) and Coca-Cola (NYSE: KO) both fit the bill. But if you could only buy one right now, which is the best to buy and hold forever? Let's find out. The case for Costco What I like about Costco is that it has what it takes to deliver earnings stability or even growth during tough economic times. This is because the company offers dirt cheap prices on items, so shoppers are likely to favor shopping there during these moments. It's also important to note that Costco makes most of its profit through membership fees, meaning it's benefiting before you even set foot in the warehouse to shop. And the membership renewal rate of more than 90% in the major markets of the U.S. and Canada provides us with visibility into earnings to come. Costco also rewards shareholders with a dividend, today at $5.20 at a yield of 0.5%, another great reason to hold on for the long term. The case for Coca-Cola Coca-Cola has a rock-solid moat, or competitive advantage, in the form of its brand strength and its distribution ne...
Jabil, Inc. JBL is scheduled to report second-quarter fiscal 2026 earnings on March 18, before the opening bell. The Zacks Consensus Estimate for sales and earnings is pegged at $7.75 billion and $2.54 per share, respectively. Earnings estimates for JBL have moved up 0.61% for 2026 and have increased 0.3% for 2027 over the past 60 days. Image Source: Zacks Investment Research Earnings Surprise His...
Jabil, Inc. JBL is scheduled to report second-quarter fiscal 2026 earnings on March 18, before the opening bell. The Zacks Consensus Estimate for sales and earnings is pegged at $7.75 billion and $2.54 per share, respectively. Earnings estimates for JBL have moved up 0.61% for 2026 and have increased 0.3% for 2027 over the past 60 days. Image Source: Zacks Investment Research Earnings Surprise History The leading electronics manufacturing services firm has had a solid earnings surprise history in the trailing four quarters, exceeding earnings expectations on all occasions. It delivered a four-quarter earnings surprise of 8.23%, on average. Image Source: Zacks Investment Research Earnings Whispers Our proven model predicts a likely earnings beat for Jabil for the second quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. That is exactly the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Jabil currently has an ESP of +2.86% with a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here. Factors Shaping Upcoming Results During the quarter, Jabil has completed the acquisition of Hanley Energy Group for $725 million in an all-cash transaction. The company is a leading provider of energy management and critical power solutions in the data center market. The surging AI workloads are pushing hyperscalers such as Amazon and Microsoft to expand their AI data center footprint. AI data centers consume a lot more energy than legacy ones. Hence, power optimization has become a critical component of data center operations. Hanley excels in the design, development, supply and deployment of mission-critical power management solutions. Integration of these capabilities with Jabil’s data center expertise, global manufacturing footprint and supply chain network will significantly boost Jabil’s portfo...
Seasonal patterns can often create powerful turning points. The early part of this year has felt like one of those moments. After a strong finish to 2025, the market began the year with a classic risk-off rotation: capital flowed out of high-growth technology names into more defensive sectors such as consumer staples and utilities. The shaky start to the year has been amplified by persistent infla...
Seasonal patterns can often create powerful turning points. The early part of this year has felt like one of those moments. After a strong finish to 2025, the market began the year with a classic risk-off rotation: capital flowed out of high-growth technology names into more defensive sectors such as consumer staples and utilities. The shaky start to the year has been amplified by persistent inflation, a pause at the Fed, private credit concerns, and the US-Iran war. Many investors questioned whether the AI-driven bull market had run its course. Yet as we look ahead to the second quarter, there’s reason to believe the pause is temporary. A spring rally appears increasingly likely, with technology poised to retake the lead once again. Positive Seasonality Sets the Stage for Upside The historical case for seasonal strength is compelling. According to the Stock Trader’s Almanac, the month of April ranks as the 2nd-best performing month for the S&P 500 SPY dating back to 1950. April’s bullish track record could help reignite the market from a broader perspective. And that old “Sell in May and Go Away” adage? It hasn’t really held much significance, especially over the last decade. We can see that S&P 500 returns have been overwhelmingly positive during the month, rising 90% of the time over the past 10 years with an average gain of 1.4%: Image Source: Zacks Investment Research And over that same timeframe, stocks moved higher 90% of the time from May through October, which the Almanac designates as the “worst six-month period.” In our experience, these patterns are not bulletproof, but they reflect a natural rhythm: tax refunds begin flowing, corporate guidance improves, and investor sentiment often brightens after the winter doldrums. This year’s setup aligns particularly well with that historical template. Early 2026 tax refunds are running significantly higher than last year—averaging around 10-11% larger in the initial waves—putting meaningful extra cash into consum...
China’s Golden Concord Group Ltd. agreed to supply natural gas to Aliko Dangote ’s planned fertilizer unit in Ethiopia for 25 years in a deal valued at $4.2 billion. GCL will transport the gas from the Calub gas field in the Ogaden Basin through a dedicated 108-kilometer pipeline to the fertilizer production facility located in Gode, Somali region. The Chinese firm expects to produce 1.33 billion ...
China’s Golden Concord Group Ltd. agreed to supply natural gas to Aliko Dangote ’s planned fertilizer unit in Ethiopia for 25 years in a deal valued at $4.2 billion. GCL will transport the gas from the Calub gas field in the Ogaden Basin through a dedicated 108-kilometer pipeline to the fertilizer production facility located in Gode, Somali region. The Chinese firm expects to produce 1.33 billion liters of the energy a year by 2029. “Through strategic cooperation with GCL, we will create an efficient value chain from natural gas extraction to fertilizer production, strengthening Africa’s capacity to secure its own food supply,” the Dangote group said in a statement. Read more: GCL of China to Build $2.5 Billion Oil Refinery in Ethiopia The $2.5 billion fertilizer project is among a broader $30 billion investment program announced by Ethiopia last year during the inauguration of the Grand Ethiopian Renaissance Dam project. The plant to produce urea fertilizer has a capacity to produce three million tons and is expected to start operations by 2029.
US equity indexes rose in midday trading on Monday while Treasury yields declined after better-than- Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.
US equity indexes rose in midday trading on Monday while Treasury yields declined after better-than- Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.
PayPal PYPL and Mastercard Incorporated MA both operate in the competitive payments sector as key players facilitating digital transactions, but they differ significantly in their core services and operational models. PayPal primarily offers consumer-focused digital wallets, peer-to-peer transfers via Venmo, online checkout solutions and merchant services for e-commerce, emphasizing transaction re...
PayPal PYPL and Mastercard Incorporated MA both operate in the competitive payments sector as key players facilitating digital transactions, but they differ significantly in their core services and operational models. PayPal primarily offers consumer-focused digital wallets, peer-to-peer transfers via Venmo, online checkout solutions and merchant services for e-commerce, emphasizing transaction revenues from goods and services payments. In contrast, Mastercard operates as a global payment network that facilitates authorization, clearing, and settlement for transactions using credit, debit and prepaid cards issued by financial institutions. It also provides value-added services like fraud prevention, cybersecurity tools, data analytics, consulting and stablecoin settlements, processing massive physical and cross-border volumes. Let’s dive deep and closely compare the fundamentals of the two stocks to determine which stock is more attractive now. The Case for PayPal PayPal is executing on four strategic growth pillars: winning checkout, scaling omni, and growing Venmo, driving PSP profitability and scaling its next-gen growth vectors. Venmo, a money movement platform, is especially popular among young, digitally native consumers. Its large and growing user base is forecasted to exceed 100 million active accounts in 2026. PayPal delivered decent fourth-quarter results, with revenues rising 3.7% year over year and Total Payment Volume (“TPV”) climbing 8.4%. Venmo’s TPV rose 13%, marking its fifth consecutive quarter of double-digit growth. PayPal is investing in AI-driven e-commerce via “agentic commerce.” Through partnerships with AI platforms, such as Microsoft (to power Copilot Checkout), Perplexity AI (for purchases within Perplexity Pro), OpenAI (enabling agentic shopping in ChatGPT) and Google Cloud (for AI-driven fraud detection), the company is delivering more scalable, secure and intelligent shopping experiences for merchants and consumers. PayPal is positionin...
The oil tanker Kai Jing. Photo: IC A supertanker owned by a Chinese state-run firm is sailing to China with Saudi crude loaded at a Red Sea port, marking the first such shipment to bypass the Strait of Hormuz since conflict in the Middle East made the vital waterway perilous for shipping. The “Kai Jing,” a Very Large Crude Carrier (VLCC) operated by Shanghai-listed China Merchants Energy Shipping ...
The oil tanker Kai Jing. Photo: IC A supertanker owned by a Chinese state-run firm is sailing to China with Saudi crude loaded at a Red Sea port, marking the first such shipment to bypass the Strait of Hormuz since conflict in the Middle East made the vital waterway perilous for shipping. The “Kai Jing,” a Very Large Crude Carrier (VLCC) operated by Shanghai-listed China Merchants Energy Shipping Co. Ltd., passed through the Bab el-Mandeb Strait in the early hours of March 16 and is expected to deliver 2.2 million barrels of crude to Meizhouwan Port in Fujian province in early April.
These were the Oscars for a life during wartime. President Trump’s still-to-be-explained attack on Iran meant warnings of a possible retaliatory drone attack from Tehran on the target-rich environment of downtown Los Angeles. The glittering Dolby Theatre was reportedly in the crosshairs. It didn’t happen. But this was a ceremony aware of the distant politics of threat, and the politics of a nation...
These were the Oscars for a life during wartime. President Trump’s still-to-be-explained attack on Iran meant warnings of a possible retaliatory drone attack from Tehran on the target-rich environment of downtown Los Angeles. The glittering Dolby Theatre was reportedly in the crosshairs. It didn’t happen. But this was a ceremony aware of the distant politics of threat, and the politics of a nation that is rich enough to afford war and peace at the same time. Joining the tuxed masses heading towards the theatre felt traditional. But Los Angeles is very different from when I was last here to report on Oscars night, back in 2017. View image in fullscreen Alongside genius mischief-maker Ken Jeong. Photograph: Instagram/peterbradshaw1 Last time, I’d had a hilarious conversation with my cab driver, who turned out to be a comedian and actor striving to make it in LA. No chance of that in this year’s driverless Waymo – an apt metaphor for the way that things are changing in life as in art. This is a town that, judging by everyone I talked to – actors, producers, directors – is dominated by the twin crises of AI and streamers, the ever-present Tweedledum and Tweedledee talking points of concern, even if Hollywood can’t decide if they’re bad or not. (The Oscars themselves are shortly to be handed over to an online streamer: YouTube.) The big controversy was Timothée Chalamet’s facetious and badly worded comment about ballet and opera, which was really, I think, an admissible point about the possibility of movies in cinemas dwindling from a gigantic global pleasure to a niche connoisseur interest. It was a gaffe that soured the pro-Chalamet mood, though he spoke after voting had closed. Yet I’ve heard a very distinguished French director say pretty much the same thing: it was proof, if proof were needed, that Hollywood is cautious and courteous in the way that it talks in public around awards season and the rhetoric of respect – however perfunctory – is very important. Chalame...
伊朗局勢｜伊外長否認與美國重啟對話 特朗普重申戰事很快結束 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】美軍中央司令部指增至200人在伊朗戰事中受傷，總統特朗普重申戰事很快結束。 中央司令部稱擊中伊朗數千個目標...
伊朗局勢｜伊外長否認與美國重啟對話 特朗普重申戰事很快結束 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】美軍中央司令部指增至200人在伊朗戰事中受傷，總統特朗普重申戰事很快結束。 中央司令部稱擊中伊朗數千個目標，以軍則發放動畫片段，聲稱上周的行動炸毀伊朗革命衛隊的海軍總部，又指過去一天摧毀伊朗太空及衛星中心等。美媒早前引述美國官員消息指，總統特使威特科夫近期與伊朗外長阿拉格齊重啟對話，不過阿拉格齊反駁稱沒有這樣做，雙方對上一次是在美國攻擊伊朗前接觸。 特朗普則指團隊正與伊朗官員溝通，又指不清楚伊朗最高領袖穆傑塔巴是否仍然生還。
Due to the "big, beautiful bill" passed last year, many taxpayers can expect a larger refund from the Internal Revenue Service this tax season. That's because the bill reduced individual taxes by $129 billion for 2025. But many Americans didn't change their withholding for the year, so they'll get back the extra amounts withheld from their paychecks in their tax returns. As of late February, the a...
Due to the "big, beautiful bill" passed last year, many taxpayers can expect a larger refund from the Internal Revenue Service this tax season. That's because the bill reduced individual taxes by $129 billion for 2025. But many Americans didn't change their withholding for the year, so they'll get back the extra amounts withheld from their paychecks in their tax returns. As of late February, the average refund is a bit more than 10% higher so far this year, pushing the average refund amount for individual filers from around $3,450 to more than $3,800. Unless you have urgent spending needs or you can pay down expensive debt, the wisest thing to do with that refund is to invest it and give your retirement portfolio a bit of a shot in the arm. But in such uncertain times, when the war in the Middle East is pushing major stock indexes down and driving market volatility higher -- with no clear end to the conflict in sight -- it's difficult to know where to invest. Certain sectors are less impacted by volatility or economic slowdowns Fortunately, there are prudent investments that should outperform other assets in volatile or down markets. And if you look at a heat map of the S&P 500, you can see that many of these stocks are already outperforming the broader market over the past month as the war has ground on. First of all, consider stocks of companies that provide essential goods that people won't stop buying even if the economy stagnates or inflation rises. The consumer staples sector includes discount retailers like Costco Wholesale (COST 0.67%), Target (TGT 0.35%), and Walmart (WMT 0.88%). People will continue to shop at these low-cost chains even when the economy falters. Even better, higher-income consumers looking to cut costs in tough times will increase their visits to these stores. Expand NASDAQ : COST Costco Wholesale Today's Change ( -0.67 %) $ -6.80 Current Price $ 1001.63 Key Data Points Market Cap $447B Day's Range $ 995.50 - $ 1012.61 52wk Range $ 844.06 ...
Millennium Management has redeemed its investment from Scopia Capital Management just over a year after backing the equity long-short hedge fund manager. New York-based Millennium has pulled about $1 billion that it gave Scopia to manage in late 2024, according to people with knowledge of the matter. The hedge fund’s decision was triggered by other redemptions as well as personnel changes at Scopi...
Millennium Management has redeemed its investment from Scopia Capital Management just over a year after backing the equity long-short hedge fund manager. New York-based Millennium has pulled about $1 billion that it gave Scopia to manage in late 2024, according to people with knowledge of the matter. The hedge fund’s decision was triggered by other redemptions as well as personnel changes at Scopia, one of the people said, asking not to be identified as the information is private. Representatives for Millennium and Scopia declined to comment. Co-founded by Jeremy Mindich and Matt Sirovich in 2001, Scopia had about $1.2 billion in assets before Millennium gave it more capital to run in a separately managed account, Bloomberg has reported . The firm follows an equity long-short market neutral strategy. Large investments from multistrategy hedge funds have become a major source of capital for smaller managers that typically specialize in a single strategy. The industry’s giants are forking out cash to dozens of external and internal traders as a way to diversify and tap a bigger pool of talent. Millennium is one of the most prolific in backing former employees and outsiders with its cash. About 10% of its more than 330 investment teams are external, many exclusively running capital for the $86.7 billion firm.
If you're wondering where the cryptocurrency XRP (XRP +6.17%) will be by 2030, start with what's happened since it cleared the two biggest hurdles its community had been pointing to for years. Two hurdles cleared The Securities and Exchange Commission (SEC) settled its case with Ripple -- the company behind XRP -- in August 2025, with the court affirming that selling XRP on public exchanges isn't ...
If you're wondering where the cryptocurrency XRP (XRP +6.17%) will be by 2030, start with what's happened since it cleared the two biggest hurdles its community had been pointing to for years. Two hurdles cleared The Securities and Exchange Commission (SEC) settled its case with Ripple -- the company behind XRP -- in August 2025, with the court affirming that selling XRP on public exchanges isn't a securities transaction. That was a major win. And just months ago, spot XRP exchange-traded funds (ETFs) launched, pulling in over $1.3 billion in their first 50 days, making XRP the second-fastest crypto ETF to cross that mark after Bitcoin. But XRP hasn't reacted like bulls thought it would -- at least not for long. XRP surged massively following the SEC settlement, but that rally was relatively short-lived. The token sits at roughly $1.38 today, down over 60% from its peak. Ripple's success does not equal XRP's success The problem isn't any one catalyst; it's deeper than that. The primary Ripple product that big-name banks like Bank of America and Santander use is a messaging and settlement system that works without touching XRP at all. Ripple's cross-border liquidity product, what was called On-Demand Liquidity (ODL), does use XRP. But it doesn't have the sort of volume and scale that Ripple's settlement platform does. And now, Ripple's stablecoin, RLUSD, can be used in its stead. That means that Ripple's ecosystem just doesn't create the sort of structural demand for XRP that has driven the narrative for so long. More adoption of Ripple doesn't necessarily drive XRP's price higher. Don't expect huge gains Regulatory clarity and ETF inflows make great headlines, but they don't fix a structural demand problem. By 2030, Ripple will be a bigger company than it is today, but XRP holders won't be the ones who benefit from it.