cagkansayin/iStock via Getty Images HFGM Strategy Unlimited HFGM Global Macro ETF ( HFGM ) is an actively managed fund launched on 4/14/2025 with an objective of capital appreciation. HFGM has a 30-day SEC yield of 1.8%, a 12-month distribution yield of 9.53%, and a net expense ratio of 1.00%. Distributions are paid annually. As described in the prospectus by Unlimited ETFs , the fund seeks simila...
cagkansayin/iStock via Getty Images HFGM Strategy Unlimited HFGM Global Macro ETF ( HFGM ) is an actively managed fund launched on 4/14/2025 with an objective of capital appreciation. HFGM has a 30-day SEC yield of 1.8%, a 12-month distribution yield of 9.53%, and a net expense ratio of 1.00%. Distributions are paid annually. As described in the prospectus by Unlimited ETFs , the fund seeks similar return characteristics to those of the hedge fund industry’s Global Macro sector, with a volatility level approximately twice that of the sector. Hedge funds managed within this sector generally implement strategies that attempt to profit from fundamental changes in global economies, typically brought about by shifts in government economic policies, political climates, or interest rates which impact all financial markets. The fund takes long and short positions across all asset categories using ETFs and futures, based on a proprietary algorithm and the recent performance of the hedge fund industry’s Global Macro sector indices. The fund may also use swap agreements. Portfolio As of writing, HFGM has 32 holdings with a total notional exposure of 308% of net asset value (352% long and 45% short), meaning a leverage factor close to 3. An institutional bond fund, five ETFs, and cash represent 100% of net assets in aggregate, as listed below. Ticker Name Weight FGXXX First American Government Obligations Fund 43.97% Cash & Other 26.32% VWOB Vanguard Emerging Markets Government Bond ETF 11.27% DBB Invesco DB Base Metals ETF 8.35% VGK Vanguard FTSE Europe ETF 3.49% VTWO Vanguard Russell 2000 ETF 3.40% MCHI iShares MSCI China ETF 3.20% Click to enlarge All the rest is in futures, using the cash and equivalents bucket as collateral. The top 10 contracts, representing a notional exposure of 226%, are listed below: Name Notional weight S&P 500 E-MINI FUTURE 49.23% EUR CURRENCY FUTURE 44.09% DOW JONES FUTURE 36.98% GOLD 100 OZ FUTURE 34.06% AUD CURRENCY FUTURE 19.00% CHF CURRENCY FUT...
Earnings Call Insights: Spire Global, Inc. (SPIR) Q4 2025 Management View CEO Theresa Condor described 2025 as a "transformational year" with 44% year-over-year revenue growth in the fourth quarter, excluding the divested Maritime business. She stated, "Gross margins expanded 5 points from a year ago. And as we enter 2026, that momentum accelerates with our midpoint expectation for 50% growth in r...
Earnings Call Insights: Spire Global, Inc. (SPIR) Q4 2025 Management View CEO Theresa Condor described 2025 as a "transformational year" with 44% year-over-year revenue growth in the fourth quarter, excluding the divested Maritime business. She stated, "Gross margins expanded 5 points from a year ago. And as we enter 2026, that momentum accelerates with our midpoint expectation for 50% growth in revenue, excluding Maritime." Condor emphasized Spire's competitive position, citing a fully built and operational constellation of about 100 payloads, noting, "This is not a constellation we are planning to build. It is built, it is operating, and it is generating intelligence today." The CEO highlighted the company’s four pillars: deployed constellation, operational depth, transatlantic manufacturing (with facilities in the U.K., Germany, and the U.S.), and differentiated radio-frequency (RF) products. Condor announced a "15x" increase in RFGL (radio-frequency geolocation) capacity over the next 12 months, with new agency-funded operations and pilot awards turning into larger programs. The pipeline includes "RFGL data services, custom satellite missions and full sovereign constellation programs in the range of high 8 figures to low 9 figures." Spire reported new contracts in 2025, including an $11.2 million contract from NOAA for radio occultation data, a $2.5 million NOAA contract for ocean winds, a EUR 3 million renewal from EUMETSAT, and selection for the Missile Defense Agency's SHIELD ID/IQ contract. Condor stressed the company's debt-free status post-Maritime divestiture, saying, "With the completion of the Maritime divestiture, we retired all outstanding debt, something very rare for a space company and strengthened our balance sheet." Alison Engel, CFO, stated, "Excluding our Maritime business, Spire delivered 44% year-over-year revenue growth in the fourth quarter and 36% sequential growth. Both the fourth quarter and full year results met the midpoint of our fina...
The Home Office has said the 8% increase will help it "move towards a system that meets its costs through those who use it" and rely less on taxpayers.
The Home Office has said the 8% increase will help it "move towards a system that meets its costs through those who use it" and rely less on taxpayers.
In trading on Wednesday, shares of Digital Realty Trust Inc's 5.250% Series J Cumulative Redeemable Preferred Stock (Symbol: DLR.PRJ) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.3125), with shares changing hands as low as $20.19 on the day. This compares to an average yield of 8.09% in the "Real Estate" preferred stock category, according to Preferred Stock ...
In trading on Wednesday, shares of Digital Realty Trust Inc's 5.250% Series J Cumulative Redeemable Preferred Stock (Symbol: DLR.PRJ) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.3125), with shares changing hands as low as $20.19 on the day. This compares to an average yield of 8.09% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, DLR.PRJ was trading at a 18.64% discount to its liquidation preference amount, versus the average discount of 14.85% in the "Real Estate" category. The chart below shows the one year performance of DLR.PRJ shares, versus DLR: Below is a dividend history chart for DLR.PRJ, showing historical dividend payments on Digital Realty Trust Inc's 5.250% Series J Cumulative Redeemable Preferred Stock: In Wednesday trading, Digital Realty Trust Inc's 5.250% Series J Cumulative Redeemable Preferred Stock (Symbol: DLR.PRJ) is currently down about 0.5% on the day, while the common shares (Symbol: DLR) are up about 0.1%. Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In trading on Wednesday, shares of Global Net Lease Inc's 7.375% Series C Cumulative Redeemable Perpetual Preferred Stock (Symbol: GNL.PRE) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.8438), with shares changing hands as low as $22.96 on the day. This compares to an average yield of 8.09% in the "Real Estate" preferred stock category, according to Preferred St...
In trading on Wednesday, shares of Global Net Lease Inc's 7.375% Series C Cumulative Redeemable Perpetual Preferred Stock (Symbol: GNL.PRE) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.8438), with shares changing hands as low as $22.96 on the day. This compares to an average yield of 8.09% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, GNL.PRE was trading at a 7.32% discount to its liquidation preference amount, versus the average discount of 14.85% in the "Real Estate" category. Below is a dividend history chart for GNL.PRE, showing historical dividend payments on Global Net Lease Inc's 7.375% Series C Cumulative Redeemable Perpetual Preferred Stock: In Wednesday trading, Global Net Lease Inc's 7.375% Series C Cumulative Redeemable Perpetual Preferred Stock (Symbol: GNL.PRE) is currently down about 0.9% on the day, while the common shares (Symbol: GNL) are down about 1.3%. Click here to find out the 50 highest yielding preferreds » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
AI software that can be embedded into smart glasses has won a £1m prize for technology to help people with dementia. Built into chunky, black-rimmed frames that have a camera, microphone and speakers, the tech – known as CrossSense – guides wearers through everyday life by means of a chatty assistant called Wispy. Not only can Wispy offer prompts and feedback during tasks – through verbal cues and...
AI software that can be embedded into smart glasses has won a £1m prize for technology to help people with dementia. Built into chunky, black-rimmed frames that have a camera, microphone and speakers, the tech – known as CrossSense – guides wearers through everyday life by means of a chatty assistant called Wispy. Not only can Wispy offer prompts and feedback during tasks – through verbal cues and text that floats in front of the wearer’s eyes – but it can also ask questions, engage in light conversation and aid reminiscences. The software has won the Longitude prize on dementia, one of a number of awards designed and delivered by Challenge Works and supported by Nesta. Funded by Alzheimer’s Society and Innovate UK, the prize aimed to encourage the development of technology to help people with dementia stay independent for longer. About 150 million people globally are expected to be living with dementia by 2050. View image in fullscreen Wispy, the AI assistant used by CrossSense, offers prompts and feedback during tasks and can ask questions and engage in light conversation. Photograph: Graeme Robertson/The Guardian Szczepan Orlins, the chief executive of CrossSense Ltd, said the prize money would help to bring the company’s product to market. He said a smartphone version would be available at the end of this year and the CrossSense-enabled smart glasses were expected to be available in early 2027. Orlins added that while CrossSense Ltd provided the AI software, the team had been working with frames produced by various hardware companies. These can be fitted with prescription lenses and are compatible with hearing aids. “With the prize, we will be running a pilot with smart glasses in the last quarter [of 2026] for four weeks in people’s homes, which would give us enough data to know that this is ready,” Orlins said. Orlins said information such as the level of care the wearer needs could be entered in an accompanying app, and Wispy used machine learning to adapt to...
mustafaU/iStock via Getty Images By Kevin Flanagan For the second consecutive policy gathering, the Federal Open Market Committee (FOMC) decided to remain ‘on hold,’ keeping the fed funds trading range at 3.50%–3.75%. For the most part, this result was largely expected by markets. Unfortunately for the Fed, policymakers are in the challenging position of juggling incoming economic and inflation da...
mustafaU/iStock via Getty Images By Kevin Flanagan For the second consecutive policy gathering, the Federal Open Market Committee (FOMC) decided to remain ‘on hold,’ keeping the fed funds trading range at 3.50%–3.75%. For the most part, this result was largely expected by markets. Unfortunately for the Fed, policymakers are in the challenging position of juggling incoming economic and inflation data as well as uncertainties emanating from the Middle East war. Against this backdrop, both the Fed and the broader investment community are left wondering what could come next from a monetary policy standpoint. One point to address upfront is that despite the surge in energy prices, the Fed will not be entertaining any potential rate increases. Rather, the voting members remain in a data-dependent mode that should continue to argue for a more patient approach to the decision-making process. This point is underscored by the fact that the FOMC cut the fed funds rate by 75 basis points from September through December of last year. In other words, it is not as if the Fed is ‘behind the curve’ at this point. With geopolitical events creating an uncertain setting, it is important to look at how the economy and inflation were behaving prior to the Middle East war. According to Q4 2025 real GDP data, the broader economy slowed to end last year, with growth at 0.7%. However, the federal government shutdown likely weighed on activity and should not be a restraining force in 2026. In fact, a ‘true’ measure of underlying demand, real final sales to private domestic purchasers, rose by just under 2% in Q4, underscoring how personal consumption and investment remain positive forces for overall growth. As far as the Fed’s dual mandate goes, new job creation took a surprising turn to the downside in February, but broadly speaking, the employment landscape still appears to be in a ‘no-hire, no-fire’ zone. Importantly, jobless claims remain historically low and remain at levels not historic...
据媒体周二报道,美国官员正在起草协议,拟向石油巨头 道达尔 能源支付近10亿美元,作为取消其位于纽约州和北卡罗来纳州联邦水域的风电场租约的赔偿。 协议条款 根据拟议中的和解协议,美国内政部将取消两个项目——Attentive Energy 和 Carolina Long Bay——在联邦水域的租约。随后,美国司法部将向道达尔能源支付超过9.28亿美元,以补偿该公司在前拜登政府时期的租赁拍卖中中标的...
据媒体周二报道,美国官员正在起草协议,拟向石油巨头 道达尔 能源支付近10亿美元,作为取消其位于纽约州和北卡罗来纳州联邦水域的风电场租约的赔偿。 协议条款 根据拟议中的和解协议,美国内政部将取消两个项目——Attentive Energy 和 Carolina Long Bay——在联邦水域的租约。随后,美国司法部将向道达尔能源支付超过9.28亿美元,以补偿该公司在前拜登政府时期的租赁拍卖中中标的款项。 作为交换,道达尔能源将放弃开始建设这些风电场的计划,并将承诺投资于德克萨斯州的天然气基础设施。这符合特朗普政府优先发展化石燃料而非风能和太阳能等可再生能源的政策方向。 项目背景 道达尔能源于2022年通过竞争性联邦拍卖进入美国海上风电市场。该公司通过与美国EnBW的合资企业,以7.95亿美元的价格获得了纽约湾的Attentive Energy区域;并在卡罗莱纳长湾海上风电租赁销售中,以1.6亿美元的价格单独竞得了OCS-A 0545租赁区域。 Attentive Energy项目位于纽约长岛琼斯海滩以南54英里的联邦水域,完全建成后可为超过100万户家庭和企业供电。Carolina Long Bay项目则位于北卡罗来纳州秃头岛以南22英里的联邦水域,从2030年代初开始可供电约30万户家庭和企业。 政治背景与法律挑战 在2024年11月特朗普赢得美国总统大选后,道达尔能源CEO潘彦磊曾表示公司将“暂停”该项目。当时公司考虑在未来四年内保留租约,保留在特朗普任期结束后重启项目的机会 。而目前政府正在考虑的协议将要求公司完全放弃租约。 特朗普自2012年以来一直贬低海上风电,当时他曾试图阻止可从他苏格兰的一个高尔夫球场看到的风电场,但未成功。他经常称这些项目“丑陋”、“昂贵”且“低效”。 在特朗普首个任期的第一天(2025年1月20日),他就发布了总统备忘录,撤销了外大陆架内所有风能租赁区域。2025年12月22日,内政部下令暂停五个已开发的海上风电项目,理由是“国防部确定的国家安全风险” 。这五个项目是:Vineyard Wind 1、Revolution Wind、Coastal Virginia Offshore Wind、Sunrise Wind 和 Empire Wind。 这些项目的开发商已分别向联邦地区法院起诉政府,请求紧急救济以完成建设。最近一次针对五个...
(RTTNews) - Following the rebound seen over the two previous sessions, treasuries showed a significant move to the downside during trading on Wednesday. Bond prices saw modest weakness for much of the day but slid more firmly into negative territory going into the close. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, jumped 5.7 basis points to 4.259 perc...
(RTTNews) - Following the rebound seen over the two previous sessions, treasuries showed a significant move to the downside during trading on Wednesday. Bond prices saw modest weakness for much of the day but slid more firmly into negative territory going into the close. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, jumped 5.7 basis points to 4.259 percent. The late-day weakness seemed to reflect a negative reaction to Federal Reserve Chair Jerome Powell's comments after the central bank announced its widely expected decision to leave interest rates unchanged. In his post-meeting press conference, Powell said the U.S. is seeing "some progress on inflation" but "not as much as we had hoped." While Fed officials' latest projections predict a quarter point rate cut this year, Powell warned that "you won't see the rate cut" if there isn't further progress on inflation. Powell also said the Fed is facing a situation where "the risks to the labor market are to the downside, which would call for lower rates, and the risks to inflation are to the upside, which would call for higher rates or not cutting anyway." The Fed chief's remarks came after the central bank announced its decision to maintain the target range for the federal funds rate at 3.50 to 3.75 percent after also leaving rates unchanged after its last meeting in January. Most Fed officials voted in favor of keeping rates unchanged, although Fed Governor Stephen I. Miran continued to prefer cutting rates by a quarter point. The modest weakness seen earlier in the day came following the release of a Labor Department report showing producer prices in the U.S. increased by much more than expected in the month of February. The Labor Department said its producer price index for final demand advanced by 0.7 percent in February after climbing by 0.5 percent in January. Economists had expected producer prices to rise by 0.3 percent. The report also said the annual rate of growt...
Federal Reserve chair Jerome Powell said on Wednesday that he will stay on as “chair pro tem” if his successor Kevin Warsh is not confirmed by mid-May when Powell’s term expires.
Federal Reserve chair Jerome Powell said on Wednesday that he will stay on as “chair pro tem” if his successor Kevin Warsh is not confirmed by mid-May when Powell’s term expires.
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks fell on Wednesday , giving up a big chunk of this week's gains. The S & P 500 took a leg down to session lows after the Federal Reserve held interest rates steady . That was expected. It was Fed Chairman Jerome Powell say...
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks fell on Wednesday , giving up a big chunk of this week's gains. The S & P 500 took a leg down to session lows after the Federal Reserve held interest rates steady . That was expected. It was Fed Chairman Jerome Powell saying inflation is not coming down as quickly as hoped that pressured stocks. Powell expects the surge in oil prices due to the Iran war to increase inflation in the near term. Hotter-than-expected wholesale inflation data and West Texas Intermediate crude briefly topping $99 per barrel on Wednesday certainly emphasized Powell's stance. Brent international crude almost hit $110 after Iran warned of retaliatory strikes on energy assets in the Persian Gulf after an attack on one of its gas fields. While the Fed projected one rate cut this year, Powell said that could change depending on the longer-term inflation picture. Powell's term as central bank chairman ends in May. President Donald Trump has been vocal that the Fed needs to cut rates further. Trump picked former Fed governor Kevin Warsh to succeed Powell. Warsh's nomination still needs Senate approval. Powell said he plans to stay on as Fed chief until Warsh is confirmed. The Federal Open Markets Committee ended its two-day March meeting on Wednesday by keeping rates unchanged at a target range of 3.5% to 3.75%. The vote by the central bank's policymaking group was 11-1, with Fed governor Stephen Miran preferring to cut rates by 25 basis points. The outcome was not a surprise. Rate cut expectations have come down significantly in the past month on fears that rising oil prices will cause an inflation spike. The FOMC also updated its Summary of Economic Projections at the meeting for the first time since December. Within this report are the "dot plots" that show where individual policymakers expect interest rates to go in ...
Yauhen Akulich Treasury yields climbed across the curve on Wednesday afternoon following the Federal Reserve’s latest policy decision, as investors reassessed the outlook for interest rates and stepped in to purchase U.S. government debt as equities stumbled. The Federal Open Market Committee opted to hold its benchmark federal funds rate in a range of 3.50% to 3.75%, marking the third consecutive...
Yauhen Akulich Treasury yields climbed across the curve on Wednesday afternoon following the Federal Reserve’s latest policy decision, as investors reassessed the outlook for interest rates and stepped in to purchase U.S. government debt as equities stumbled. The Federal Open Market Committee opted to hold its benchmark federal funds rate in a range of 3.50% to 3.75%, marking the third consecutive meeting without a change. The decision was widely anticipated by market participants, who have increasingly focused on signals from policymakers regarding the potential path of rates later this year. Following the announcement and comments from Federal Reserve Chair Jerome Powell, yields moved higher as traders adjusted expectations for future monetary policy. The U.S. 2 Year Treasury yield ( US2Y ), which is particularly sensitive to interest rate expectations, rose 7 basis points to 3.74%. Meanwhile, the benchmark U.S. 10 Year Treasury yield ( US10Y ) climbed 5 basis points to 4.25%, while the longer-dated U.S. 30 Year Treasury yield ( US30Y ) increased 4 basis points to 4.88%. The broad rise in yields suggests investors continue to position for a higher-for-longer interest rate environment, even as inflation pressures have moderated in recent months. Market participants are now turning their attention to incoming economic data and future Federal Reserve communications for additional clarity on when policymakers may begin considering potential rate cuts. Fixed Income ETFs: ( TLT ), ( TLH ), ( IEF ), ( IEI ), ( SHY ), ( SGOV ), ( SCHO ), ( BIL ), ( AGG ), ( BND ), ( VCIT ), ( MUB ), ( MBB ), ( JNK ), ( LQD ), ( HYG ), ( VTIP ), ( TIP ), ( SCHP ), ( STIP ), ( TIPX ), ( SPIP ), ( WIP ), ( GTIP ), ( LQDI ), and ( RINF ). More on markets Fed policy outlook in focus as prediction markets bet on higher inflation Recessions are becoming less frequent as sector credit cycles take center stage, Apollo says 15 dividend stocks offering a 4% yield and double-digit returns in 2026 Mic...