monsitj/iStock via Getty Images Gold futures fell for the seventh time in eight sessions on Friday, concluding a week that saw the metal's largest-ever single-week dollar decline and the biggest percentage slide in nearly 15 years. Gold extended losses after-hours while ​the dollar strengthened following reports that the U.S. will ‌deploy more troops in the Middle East, adding to concerns over higher oil prices, inflation, and the potential for higher interest rates.​ Investors are continuing to shift money to other assets, despite gold's reputation as a safe-haven asset, which would typically make it an attractive place to park money during times of crisis such as the Iran war, Kieran Tompkins of Capital Economics said in a note. Gold is down 10% since the war began, and "while that is partly because U.S. real yields have risen sharply, it is also because gold has behaved increasingly like a risky asset over the past year or so," Tompkins wrote, forecasting gold to fall to $3,500/oz by year-end 2026. Despite gold's recent troubles, many analysts are still thinking positive in the longer term, including John Caruso of RJO Futures, who said in a note that "we've got significant signs of a labor slowdown, high energy costs, a no longer accommodative Fed, and persistent uncertainty around the [Middle East] war operations." Front-month Comex gold ( XAUUSD:CUR ) for March delivery fell $482.10, or 9.5%, this week to $4,570.40/oz, its largest one-week dollar decline on record based on data back to 1975 and biggest one-week percentage drop since the week ending September 23, 2011. Front-month Comex silver ( XAGUSD:CUR ) for March delivery plunged $11.554, or 14.3%, this week to $69.360/oz, its lowest settlement value since December 22, 2025. On Friday, front-month gold and silver fell by 0.6% and 2.2%, respectively; gold is still up for the full year by 5.6% while silver has turned negative, down 1.1% YTD. ETFs: ( GLD ), ( GDX ), ( GDXJ ), ( IAU ), ( NUGT ), ( PHYS ), ( GL...

JPMorgan Wealth Management CEO Kristin Lemkau discusses a new initiative designed to help support professional athletes in managing their finances, from high school all the way through retirement. She talks with Katie Greifeld and Romaine Bostick on "the Close." (Source: Bloomberg)

Bjoern Wylezich/iStock Editorial via Getty Images Note: I have covered Diana Shipping Inc. or "Diana Shipping" ( DSX , DSX.PR.B , DSX.WS ) previously, so investors should view this as an update to my earlier articles on the company. Please note also that Diana Shipping, Genco Shipping & Trading ( GNK ) and Star Bulk Carriers ( SBLK ) are part of our coverage universe at Value Investor's Edge . Reflecting On A Bad Call Eighteen months ago, I upgraded shares of leading dry bulk shipper Diana Shipping from " Hold " to " Buy " due to a number of factors: improvements in the dry bulk shipping market. deeply discounted valuation. expectations for the company's generous quarterly dividend to remain safe for the time being. Unfortunately, this turned out to be disastrous call, as the company reduced the quarterly dividend by 87% just two months after my article was published. While this was partially offset by a generous self-tender offer , mediocre market conditions and the Trump Tariffs shock resulted in the stock price dropping by more than 40% until April 2025. While shares have recovered all losses in recent quarters, Diana Shipping has underperformed peers quite meaningfully: Barchart.com Disappointing Fourth Quarter Results Last month, the company reported another set of disappointing quarterly results with both revenues and profitability falling short of expectations . Company Press Releases While Diana Shipping's conservative chartering approach results in rather stable average daily time charter equivalent ("TCE") rates, increased operating expenses and the sale of some older vessels have negatively impacted core earnings and cash flows in recent quarters. Company Presentation In fact, fourth quarter operating cash flow of $7.3 million represented a new multi-year low for the company. Diana Shipping ended the quarter with $122.2 million in cash , cash equivalents and liquid investments as well as $636.1 million in debt. Proposed Acquisition Of Genco Shipping & Tra...

EJ_Rodriquez/iStock via Getty Images Co-authored by Relative Value. Overview With this, we continue our series of articles dedicated to covering the newly listed fixed-income securities on the exchange. This time, our attention will be focused on First Horizon Corporation's ( FHN ) recent addition - the 6.75% Depositary Shares Non-Cumulative Preferred Stock, Series H ( FHN.PR.H ). As usual for this type of IPO analysis, we'll begin by going through the issuer's fundamentals to figure out whether we want exposure to its preferred equity in the first place. Once this is done, we'll continue with the same issuer and sector's peer comparison to assess the investment qualities of FHN-H in a relative value analysis. The New Issue The prospectus contains all relevant information regarding the new preferred stock. Here, we will focus on only the metrics that are most important for our analysis. FHN-H description (QuantumOnline) FHN-H pays a 6.75% annual non-cumulative dividend in $0.4219 quarterly distributions. Dividends on the new preferred shares will accrue from March 12, 2026, starting distributions on July 10, 2026. This means that the first dividend payment will be irregular in size and amount to approximately $0.5531. The preferred distributions are eligible for the preferential income tax rate. First Horizon's gross proceeds from the new security are $400 million, from a total of 16 million depositary shares issued with a liquidation preference of $25 each. The new preferred stock issue received a credit score of Ba2 from Moody's and BB from Fitch: First Horizon's credit scores (firsthorizon.com) FHN-H has no stated maturity date and may be subject to early redemption by First Horizon on or after April 10, 2031. As the issue was recently listed, its price chart looks like this: FHN-H price chart (TradingView) Currently, FHN-H is priced at $24.68 with a current yield of 6.84%, and the yield to call is determined to be 7.27% using the XIRR calculation: FHN-H YTC calc...

中东当地时间3月20日周五，美国与以色列对伊朗的军事打击进入第21天，冲突烈度持续攀升。当天消息显示，美国加速向中东增兵、各方围绕霍尔木兹海峡的控制权争夺日趋激烈，加之伊朗军方发出毁灭性报复威胁，地区局势进一步逼近失控边缘。 新华社援引英媒称，三名美国官员说，美国将向中东增派数千名士兵。该媒体称，美军正向中东部署数千名额外的海军陆战队员和海军人员，包括搭载海军陆战队远征部队的“拳师”号两栖攻击舰提前约三周从西海岸出发。据美媒，五角大楼正向中东增派3艘军舰及约2200至2500名海军陆战队员，这是过去一周内的第二次大规模增兵。 据央视新闻，一名白宫官员称，虽然美国正向中东增派兵力，但美国总统特朗普目前“没有计划”向伊朗派遣地面部队。该官员称，特朗普仍保留所有军事选项，且不会公开具体战略部署。后有美媒称，五角大楼已为向伊朗派遣地面部队制定了详尽的准备方案。 在外交层面，特朗普在白宫称，美国在对伊作战中处于极为有利的地位；美国不会允许伊朗拥有核武器；美方有意与伊朗展开对话，但目前找不到可以对话的对象。据报道，特朗普称，如果美国现在就结束战争，伊朗将需要十年时间才能完成军事能力重建，若美方行动持续更久，“他们就将永远无法重建”。 周五晚些时候，据央视，特朗普表示，他认为，当美国想结束与伊朗的冲突时，以色列也准备好结束这场冲突。当被问及一旦美国完成军事行动，以色列是否准备结束对伊朗的战争时，特朗普回答说，“我认为是这样”。 特朗普还表示，他对与伊朗停火不感兴趣。他说：“我们可以进行对话，但我不想实行停火。要知道，当你正在彻底摧毁对方的时候，你是不会去搞什么停火的。他们（伊朗）没有海军，没有空军，没有任何装备”。 而央视援引伊朗政治分析人士指出，按目前的事态发展看，伊朗已经没有官员愿意与美国进行谈判，特朗普的威胁施压言论也就没有了意义。 据新华社，伊朗军方威胁要毁灭性打击“邪恶的”美国和以色列官员、指挥官及士兵，称他们即便在国外度假也将“不再安全”。伊朗驻英国大使兼常驻国际海事组织代表穆萨维重申伊方立场：“霍尔木兹海峡对所有船只开放，但属于我们敌人的船只除外。我们是在行使自卫权，保卫自己的领土完整。” 特朗普周五在讲话中敦促日本等亚洲国家和北约盟友，协助重新打通霍尔木兹海峡。他说美国不需要该海峡，欧洲需要，日本等其他许多国家也需要，在此问题上这些国家必须多少也参与进来。他淡化伊...

The dollar index (DXY00) on Friday rose by +0.42%. The dollar moved higher on Friday as weakness in stocks boosted some liquidity demand for the dollar. Also, the ongoing war in Iran has boosted demand for the dollar as a safe haven. In addition, higher T-note yields on Friday strengthened the dollar’s interest rate differentials. The dollar also has carryover support from Wednesday, when Fed Chair Powell said there will be no Fed rate cut unless there is progress on inflation. Swaps markets are discounting the odds at 12% for a +25 bp rate hike at the April 28-29 FOMC meeting. Join 200K+ Subscribers: The dollar continues to be undercut by a poor outlook for interest rate differentials, with the FOMC expected to cut interest rates by at least -25 bp in 2026, while the BOJ and ECB are expected to raise rates by at least +25 bp in 2026. EUR/USD (^EURUSD) on Friday fell by -0.31%. The euro was under pressure on Friday from a stronger dollar. Also, Friday’s news that showed German Feb producer prices posted their biggest decline in 1.75 years is dovish for ECB policy and negative for the euro. The euro remained lower after crude oil prices rose more than +2%, a negative factor for the Eurozone economy, as Europe imports most of its energy needs. German Feb PPI fell -3.3% y/y, weaker than expectations of -2.7% y/y and the biggest decline in 1.75 years. Hawkish comments on Friday from ECB Governing Council member and Bundesbank President Joachim Nagel were supportive of the euro when he said the ECB may need to consider raising interest rates as soon as next month if price pressures build further due to the Iran war. Swaps are discounting a 80% chance of a +25 bp rate hike by the ECB at the April 30 policy meeting. USD/JPY (^USDJPY) on Friday rose by +1.02%. The yen fell sharply on Friday amid strength in the dollar and higher T-note yields. The yen added to its losses on Friday after crude oil prices surged by more than +2%, a bearish factor for Japan’s economy, which im...

叙利亚过渡政府外交部20日发表声明，谴责以色列当天对叙南部军事基础设施的袭击。声明说，此次袭击公然违反国际法原则及《联合国宪章》，是对叙利亚主权与领土完整的侵犯。声明说，叙利亚要求以色列对此次危险升级的一切后果承担全部责任，并呼吁国际社会制止以色列针对叙利亚及整个中东地区持续实施的侵略与威胁政策。（央视新闻）

What 122 Universal Basic Income Experiments Actually Show Authroed by Vance Ginn via the Daily Economy , Artificial intelligence has become the latest excuse for reviving one of the oldest bad ideas in economic policy: a universal basic income. Recent pieces in Newsweek , the LSE Business Review , and Fortune have all helped push the idea that AI may soon wipe out so many jobs that Washington will need to send everyone a check. Image Credit: Shutterstock That makes for a catchy headline. It also makes for terrible economics. The right question is not whether AI will disrupt work. Of course it will. The right question is this: after more than 100 local guaranteed-income experiments, what have we actually learned? The answer is much less flattering to UBI than its promoters would like. What 122 UBI-Style Pilots Show A new AEI working paper by Kevin Corinth and Hannah Mayhew gives the best recent overview of the evidence. Per their study, there were 122 guaranteed basic income pilots across 33 states and the District of Columbia between 2017 and 2025 . Those pilots allocated about $481.4 million in transfers to 40,921 recipients, with 61,664 total participants including control groups. The average recipient got about $11,765, the average pilot lasted 18.4 months, and the average monthly payment was $616. That sounds like a mountain of evidence. It is not. Of those 122 pilots, only 52 had published outcomes. Only 35 used randomized designs. Only 30 reported employment outcomes. So the case for UBI is not being built on some giant pile of clear, clean evidence. It is being built on a much smaller stack of studies, many of them weak, limited, or badly timed. And here is the kicker. Among the 30 randomized pilots with published employment results , the average effect was a 0.8 percentage-point increase in employment. UBI fans will rush to wave that around. They should slow down. AEI shows that the bigger and more credible studies tell a very different story . Among the fou...

tupungato Pfizer ( PFE ) is recommending that its shareholders reject a mini-tender offer from Tutanota offering to purchase up to 1M shares at $32/share. The expiration date for the offer is 5p ET on April 13. Pfizer noted that the offer is contingent on the share price closing above $32 on the last trading day before the offer expires. " This means that unless this condition is waived by Tutanota, Pfizer shareholders who tender their shares in the offer will receive a below-market price," the company noted in a news release . Pfizer shares closed Friday at $26.97. More on Pfizer Pfizer: I'm Still Expecting A Massive Rebound Expect Pfizer To Comeback: Take The Dividend While Waiting For Capital Appreciation Pfizer: Cheap For A Reason Pfizer posts late-stage trial win for Talzenna plus Xtandi in new prostate cancer indication TrumpRx drug prices aren't the lowest as president claims - report

Paying attention to what CEOs say during earnings calls is something that investors should do for all their stock picks, but especially when it comes to companies that operate in rapidly shifting fields such as artificial intelligence (AI). One of the emerging players on the scene is Broadcom (AVGO 2.99%), as its custom AI chips offer a viable alternative to graphics processing units (GPUs) from Nvidia (NVDA 3.17%) in some applications. Broadcom CEO Hock Tan recently made some comments regarding the outlook for this business that investors will want to be aware of. If he's right, the stock is a screaming buy right now. Broadcom expects monster growth from its custom AI chip business Broadcom's custom AI chip business operates differently from most others. Instead of offering general-purpose processors that are marketed to every company, it partners with individual hyperscalers to design application-specific integrated chips (ASICs) that are tailored to handle precisely the sorts of AI workloads that the buyer expects them to face. This gives them a powerful chip that is more efficient and cost-effective in those particular applications, at the cost of flexibility. With every hyperscaler looking for ways to add computing power while minimizing costs, Broadcom's solution is an attractive option to complement their GPU clusters. Expand NASDAQ : AVGO Broadcom Today's Change ( -2.99 %) $ -9.57 Current Price $ 310.27 Key Data Points Market Cap $1.5T Day's Range $ 309.93 - $ 321.50 52wk Range $ 138.10 - $ 414.61 Volume 1M Avg Vol 26M Gross Margin 64.96 % Dividend Yield 0.76 % Demand for these chips is soaring. During Broadcom's fiscal 2026 first quarter, which ended Feb. 1, its AI semiconductor revenue totaled $8.4 billion, up 106% year over year. Custom AI chips are a division within that business unit, and that segment's revenue rose by 140% in Q1. However, the long-term outlook is far brighter. Tan had this to say: Reflecting the foregoing factors, our visibility in 202...

Key Points Broadcom is partnering with many hyperscalers to design AI chips to suit their specific needs. Demand for these chips is accelerating rapidly. These 10 stocks could mint the next wave of millionaires › Paying attention to what CEOs say during earnings calls is something that investors should do for all their stock picks, but especially when it comes to companies that operate in rapidly shifting fields such as artificial intelligence (AI). One of the emerging players on the scene is Broadcom (NASDAQ: AVGO), as its custom AI chips offer a viable alternative to graphics processing units (GPUs) from Nvidia (NASDAQ: NVDA) in some applications. Broadcom CEO Hock Tan recently made some comments regarding the outlook for this business that investors will want to be aware of. If he's right, the stock is a screaming buy right now. 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 » Broadcom expects monster growth from its custom AI chip business Broadcom's custom AI chip business operates differently from most others. Instead of offering general-purpose processors that are marketed to every company, it partners with individual hyperscalers to design application-specific integrated chips (ASICs) that are tailored to handle precisely the sorts of AI workloads that the buyer expects them to face. This gives them a powerful chip that is more efficient and cost-effective in those particular applications, at the cost of flexibility. With every hyperscaler looking for ways to add computing power while minimizing costs, Broadcom's solution is an attractive option to complement their GPU clusters. Demand for these chips is soaring. During Broadcom's fiscal 2026 first quarter, which ended Feb. 1, its AI semiconductor revenue totaled $8.4 billion, up 106% year over year. Custom AI chips are a division within th...

Source: Bloomberg, 5:45

00:00 Speaker A We're calling it Market Madness, pitting 32 companies against one another in a tournament style or a bracket style tournament, I should say. Uh Julie Heman earlier today kicked off the competition, taking on the right side, unnamed. We not brand this side. We'll call it the right side of the bracket. Uh we saw McDonald's taking down Disney. 00:20 Speaker A Interestingly, Delta advancing over Apple. Love to talk more about that one. Maybe we'll we'll revisit that one uh next week. We're going to do the left side. We got a lot to get through. We got eight matchups. Brian Mulberry is joining us now. He is Zach's Investment Management's chief market strategist. Um so Brian, we got a bunch to get through. There's a couple of these that you highlighted. So we'll run through the first one quickly. 00:43 Speaker A Top left here, Robin Hood taking on United Health. You take Robin Hood as the winner. What's my elevator picture? 00:51 Brian Mulberry The elevator pitch here is that Robin Hood still has strong growth in front of it. We're looking at 21% earnings growth over the next several years, whereas UNH really has some headwinds from a regulatory perspective, which is really even hard to pin down what their EPS growth is going to look like in the next couple of years. So just a clear winner there in our view. 01:07 Speaker A All right, a match up that's a little more interesting and one we want to spend some time on. Pateer against Proctor and Gamble. In some ways I think about this as the company that sells everything in your home and the company that most people have no idea what they do. 01:21 Brian Mulberry Yeah, I think it's a fair assessment. And you know, on a year-to-date basis, Proctor Gamble is winning this and that they're still positive for the year. You know, obviously the market just ended. We're going to have the S&P down around 5 and a half 6% on a year-to-day basis. But Pateer has so much growth ahead of it. And it's really because they add...

Germanium Mining ( EMSKF ) announced on Friday a non-brokered private placement for aggregate gross proceeds of up to $1,350,000 consisting of the issuance of up to 3,125,000 units at $0.24 per unit and up to 1,875,000 common shares in the share capital of the company on a “flow-through” basis at $0.32 per FT share. Each unit will be comprised of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share for a period of 24 months from the issue date at an exercise price of $0.32 per warrant share. The proceeds from the sale of the FT Shares will be used by the Company to incur eligible “Canadian exploration expenses” that will qualify as “flow-through critical mineral mining expenditures” related to the company's projects in Quebec . All qualifying expenditures will be renounced in favor of the subscribers of the FT shares effective December 31, 2026. The Company intends to use the net proceeds from the units for general corporate and working capital purposes. The Company may pay a finder’s fee to arm's-length parties on the offering in accordance with the policies of the exchange. More on Germanium Mining Corp. Financial information for Germanium Mining Corp.

Chip Sector Pressure: Intel and AMD Falter as 'Great Rotation' and New Rivals Reshape the Market FinancialContent

The semiconductor darlings of the AI era faced a harsh reality check on Friday, March 20, 2026, as Intel Corporation (NASDAQ: INTC) and Advanced Micro Devices, Inc. (NASDAQ: AMD) saw their stock prices tumble amid a perfect storm of rising competition and a massive shift in investor sentiment. Intel shares fell 5% to settle near the $44 mark, while AMD dipped 3%, slicing through the critical $200 support level that technical analysts had closely watched throughout the first quarter. This downturn marks a pivotal moment for the chip sector, which has dominated Wall Street’s narrative for the past three years. The immediate catalyst appears to be a dual-pronged pressure: a "sector-wide rotation" away from pure-play digital technology toward physical infrastructure, and a relentless product offensive from NVIDIA Corporation (NASDAQ: NVDA) that has left traditional CPU giants scrambling to justify their lofty valuations. As the "AI gold rush" transitions from speculative growth to hardware deployment, the market is beginning to separate the structural winners from those struggling with manufacturing bottlenecks. The volatility on March 20 was punctuated by a series of events that converged to rattle investor confidence. For Intel, the pressure mounted following a disappointing outlook for the first quarter of 2026. Despite the high-profile launch of its Clearwater Forest (Xeon 6+) server CPUs at the Mobile World Congress earlier this month—the first major product built on the ambitious 18A process node—the company’s foundry division continues to be a financial drag. Reports of a $2.51 billion operating loss in the foundry segment for the previous quarter have fueled fears that the "IDM 2.0" strategy is consuming more capital than it is currently generating. AMD’s slide was triggered by a different set of challenges. While the company reported record data center revenue for the end of 2025, leaked reports in late February suggested that its highly anticipated Helios rack...

Dios Exploration ( DOS:CA ) said on Friday it had undertaken a non-brokered private placement of up to $0.5M at $0.04 per share. The offering comprised up to 12.5M flow-through shares, each with a half-warrant, with one whole warrant exercisable at $0.06 per share for two years. Net proceeds will be used for drilling wholly owned road-accessible Au33 property hosting Heberto-Gold, James Bay, Quebec. More on Dios Exploration Inc. Financial information for Dios Exploration Inc.

While much of the spotlight in the AI-driven market has gone to chip designers, a quieter player has been steadily climbing the charts. Lam Research (LRCX), a key supplier of semiconductor manufacturing equipment, has climbed about 33% year-to-date (YTD), wildly outperforming the S&P 500 Index's ($SPX) fall of 5%. Despite that strong performance, it still doesn’t receive the same attention as many high-profile semiconductor names Lam Research may operate behind the scenes. But its role in the semiconductor ecosystem, especially in memory chips, puts it right at the center of one of the market’s most powerful growth trends. And Micron’s (MU) recent earnings help explain why LRCX stock continues to gain traction. A Behind-the-Scenes Winner in the AI Boom Lam Research operates at a critical layer of the semiconductor value chain. Instead of designing chips, it provides the equipment used to manufacture them, particularly tools for etching and deposition, which are critical in advanced chip production. Lam’s business is tied to memory manufacturers. That exposure is proving to be a major advantage right now, as memory — especially high-bandwidth memory (HBM) — has become central to AI infrastructure. Lam’s revenue has grown at a healthy pace over the past five years, outperforming many peers. For full-year 2025, Lam reported 27% year-over-year (YOY) growth in revenue to $20.6 billion. The company has been translating top-line growth into even faster earnings expansion. Full-year EPS rose 49% YOY to $4.89, with a record gross margin of 49.9%. Lam continued its strong momentum for the most recent December quarter (Q2 of fiscal 2026). Revenue reached $5.34 billion, marking the 10th consecutive quarter of revenue growth. Turning to its segment performance, foundry revenue accounted for 59% of systems revenue in the quarter, highlighting a shift toward foundry demand, fueled by leading-edge investments and continued spending in mature nodes, particularly in China. Meanwhile,...

Source: Bloomberg, 48:00

Faraday Future Intelligent Electric ( FFAI ) on Friday said it received a notice from Nasdaq for failing to meet the $1 minimum bid price requirement and has been granted 180 days to regain compliance. The company has until September 16, 2026, to achieve a closing share price of at least $1 for a minimum of 10 consecutive trading days. The notice has no immediate impact on its listing on the exchange. Faraday Future said it plans to take necessary actions to restore compliance within the given period. FFAIW closed +16.34% at $0.0121. Source: Press Release More on Faraday Future Intelligent Electric Faraday Future Intelligent Electric Inc. (FFAI) Presents at Wolfe Research Auto, Auto Tech and Semiconductor Conference 2026 - Slideshow Faraday Future Intelligent Electric Inc. (FFAI) Presents at NADA Show 2026 - Slideshow Faraday Future: Growth Plan Set Faraday Future updates on strategy and production targets at CES Seeking Alpha’s Quant Rating on Faraday Future Intelligent Electric

The S&P 500 (SNPINDEX:^GSPC) fell 1.50% to 6,507.49, the Nasdaq Composite slid 1.98% to 21,653.71, and the Dow Jones Industrial Average lost 0.96% to 45,577.46 as war‑driven oil volatility, rising yields, and record options expiration fueled broad risk‑off trading. Nike hit a fresh 52‑week low near $52 amid a “challenging market environment,” weighing on consumer discretionary. Meanwhile, casino operator Caesars Entertainment extended its outperformance relative to the S&P 500 amid continued buyout rumors. Elsewhere, Earth observation specialist Planet Labs rocketed 26% higher today after the company reported breakeven adjusted EPS in Q4 alongside revenue growth of 41% -- both of which easily beat Wall Street’s expectations. Today marked the third consecutive day and the fourth straight week of declines for the S&P 500, as the market faces continued uncertainty over the Iran war. Facing the potential of rising inflation from soaring oil and gas prices, the Fed is all but eliminating the chance of any rate cuts in the foreseeable future. Continue reading