Ricardo Ceppi/Getty Images News In my previous coverage of Banco BBVA Argentina S.A. ( BBAR), I had highlighted my bullish case as follows: "[BBAR]...represents one of the most balanced exposures to the new Argentine economic cycle post-Javier Milei—a system that seeks to replace the rentier and inflationary model with a real credit model, based on efficiency and fiscal discipline." After years of...
Ricardo Ceppi/Getty Images News In my previous coverage of Banco BBVA Argentina S.A. ( BBAR), I had highlighted my bullish case as follows: "[BBAR]...represents one of the most balanced exposures to the new Argentine economic cycle post-Javier Milei—a system that seeks to replace the rentier and inflationary model with a real credit model, based on efficiency and fiscal discipline." After years of hyperinflation and banks living off a completely distorted real credit landscape, President Javier Milei's ultra-liberal agenda brought down inflation and made fiscal adjustments in a short period of time. The country's banking system was forced to operate with a real credit model—i.e., production-based economic activity, income, and consumption. As the regime transition cycle is not fast and is still in a stage of extreme credit pressure, forcing banks to increase provisions and thus pressuring margins and profit, the base case scenario today is for a recovery in ROE at least one quarter longer than anticipated, which, in my view, justifies BBAR's poor performance throughout this year. Data by YCharts In any case, I still remain constructive on the thesis in the long term, anticipating that not only BBAR, but the Argentine incumbent banks in general are arguably at the most challenging part of the macro cycle at this time, and normalization tends to be more visible as it proceeds in the second half of 2026. The End of Easy Profits Is Now Hitting the System Especially in the Argentine banking system, the macro cycle usually works as follows: (1) the economy improves; (2) inflation falls/interest rates fall; (3) profit falls first (end of carry trade); (4) credit worsens; (5) provisions rise; (6) only then does ROE start to grow again. For years, Argentina's banks operated in a somewhat "artificial" model where hyperinflation led to very high nominal interest rates, and with that, banks carried indexed government bonds and assets that repriced quickly. The result of this re...
Banks, governments and tech providers urged to upgrade security because current systems will soon be obsolete Banks, governments and technology providers need to be prepared for quantum computer hackers capable of breaking most existing encryption systems by 2029, Google has warned. The tech company said in a blogpost that quantum computers will pose a “significant threat to current cryptographic ...
Banks, governments and tech providers urged to upgrade security because current systems will soon be obsolete Banks, governments and technology providers need to be prepared for quantum computer hackers capable of breaking most existing encryption systems by 2029, Google has warned. The tech company said in a blogpost that quantum computers will pose a “significant threat to current cryptographic standards” before the end of the decade and urged other companies to follow its lead. Continue reading...
stitched photography/iStock via Getty Images Introduction US-based investors who’d like exposure to dividend-themed ETFs that focus on stocks from across Europe have the option of pursuing around 5 different alternatives. Within this bucket, I’m going to focus on the First Trust STOXX European Select Dividend Index Fund ( FDD ), which stands out from the rest, because of the onus placed on “divide...
stitched photography/iStock via Getty Images Introduction US-based investors who’d like exposure to dividend-themed ETFs that focus on stocks from across Europe have the option of pursuing around 5 different alternatives. Within this bucket, I’m going to focus on the First Trust STOXX European Select Dividend Index Fund ( FDD ), which stands out from the rest, because of the onus placed on “dividend yield“, rather than” dividend growth”. FDD, which will complete two decades as a listed product next year, has so far accumulated total assets under management [AUM] of $870M, and can be picked up at an expense ratio of 0.56%. How Is FDD Built? The goal here is to end up with a narrow pool (only 30 stocks) of the highest- yielding stocks from 18 different European countries, and FDD attempts to do so by replicating an index called the STOXX Europe Select Dividend 30 Index [SESD3I]; as you will note in due course, the construction of the latter is not particularly straight-forward. The base universe of this portfolio is another index called the STOXX Europe 600 Index [SE6I], which covers 600 stocks and is designed to represent 90% (in terms of market-cap) of Europe’s underlying investable market. Now, from SE6I, stocks that progress to the next stage, need to have fulfilled two key criteria: Positive DPS (Dividend per share) growth over 5 years A dividend payout ratio of not more than 60% I appreciate this aspect of the portfolio construction as it helps weed out low-quality yielders with weak dividend fundamentals. By focusing on DPS growth over time, FDD is not plumping for stocks that have just seen meaningful dividend bumps in one isolated year (perhaps, on account of a stake sale, or a windfall cyclical year that may not be repeated). The payout cut off of 60% also ensures that this portfolio isn’t chasing businesses that are diverting all, or an overwhelming chunk of their earnings as dividends (this is typically emblematic of stocks that have reached a saturation p...
A China Eastern Airlines passenger plane parked on the airport tarmac. Photo: VCG China Eastern Airlines Corp. Ltd. has agreed to buy 101 Airbus SE jets, a deal with a catalog value of nearly $16 billion, extending a run of big-ticket Airbus orders by major Chinese carriers. In a stock exchange filing late Wednesday, the Shanghai-listed airline said it ordered 101 aircraft from the A320neo family,...
A China Eastern Airlines passenger plane parked on the airport tarmac. Photo: VCG China Eastern Airlines Corp. Ltd. has agreed to buy 101 Airbus SE jets, a deal with a catalog value of nearly $16 billion, extending a run of big-ticket Airbus orders by major Chinese carriers. In a stock exchange filing late Wednesday, the Shanghai-listed airline said it ordered 101 aircraft from the A320neo family, including A320neo, A321neo and A321XLR models. Deliveries are scheduled in batches from 2028 to 2032.
Eka Jaya Permana Low volatility factor is the only U.S. equity factor ETF that is down year-over-year. The iShares MSCI USA Min Vol Factor ETF ( USMV ) is -0.24% from a year ago, while all other factor ETFs are in the green. The iShares Core S&P US Growth ETF ( IUSG ) is up almost 18% from a year ago, followed by the iShares MSCI USA Momentum Factor ETF ( MTUM ), up 17.12%, and the Vanguard High D...
Eka Jaya Permana Low volatility factor is the only U.S. equity factor ETF that is down year-over-year. The iShares MSCI USA Min Vol Factor ETF ( USMV ) is -0.24% from a year ago, while all other factor ETFs are in the green. The iShares Core S&P US Growth ETF ( IUSG ) is up almost 18% from a year ago, followed by the iShares MSCI USA Momentum Factor ETF ( MTUM ), up 17.12%, and the Vanguard High Dividend Yield Index Fund ETF ( VYM ), up 14.6%. However, month-to-date, all factor ETFs are down. The growth ETF ( IUSG ) is down 5.7%, followed by Quality ( QUAL ) -5.5%, and the Equal Weighted S&P 500 Index ( RSP ) -5.3%. Here is a breakdown: U.S. factor ETFs performance (Seeking Alpha) More on factor ETFs Why S&P 500 Investors Are Seeking Alpha, But Just Getting Beta VIG Vs. VYM: Best Time In ~10 Years To Buy Dividend Growth Time Is Running Out OECD lifts G20 inflation outlook as rising energy prices impact global markets SA Analyst: Wall Street gains on hopes of breakthrough in U.S.-Iran talks
(RTTNews) - Stock of Hallador Energy Company (HNRG) is gaining about 5 percent on Thursday morning trading after securing a three-year agreement to sell substantially all of its remaining accredited capacity to a utility customer for planning years 2026 through the summer of 2028
(RTTNews) - Stock of Hallador Energy Company (HNRG) is gaining about 5 percent on Thursday morning trading after securing a three-year agreement to sell substantially all of its remaining accredited capacity to a utility customer for planning years 2026 through the summer of 2028
格隆汇3月26日｜诺和诺德任命美国家族企业巨头玛氏公司首席执行官Poul Weihrauch为董事会的观察员。此举旨在帮助这家制药公司巩固其在竞争激烈的美国肥胖症市场中的地位。诺和诺德在年度股东大会上宣布了这一任命。此外，股东们还选举了制药业资深人士Jan van de Winkel和Ramona Sequeira进入董事会，同时还有来自时尚零售商H&M的董事会成员Helena Saxon。
格隆汇3月26日｜诺和诺德任命美国家族企业巨头玛氏公司首席执行官Poul Weihrauch为董事会的观察员。此举旨在帮助这家制药公司巩固其在竞争激烈的美国肥胖症市场中的地位。诺和诺德在年度股东大会上宣布了这一任命。此外，股东们还选举了制药业资深人士Jan van de Winkel和Ramona Sequeira进入董事会，同时还有来自时尚零售商H&M的董事会成员Helena Saxon。
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
New capability expands the ACCESS platform with integrated social monitoring, sentiment analysis, and real-time brand intelligence across leading social network. RALEIGH, NC / ACCESS Newswire / March 26, 2026 /ACCESS Newswire Inc. (NYSE American:ACCS), ...
New capability expands the ACCESS platform with integrated social monitoring, sentiment analysis, and real-time brand intelligence across leading social network. RALEIGH, NC / ACCESS Newswire / March 26, 2026 /ACCESS Newswire Inc. (NYSE American:ACCS), ...
USC Cancels Gubernatorial Debate Due To Absence Of Candidates Of Color Authored by Jonathan Turley via jonathanturley.org , The University of Southern California (USC) is under fire after canceling the California gubernatorial debate with less than 24 hours’ notice. The reason? None of the polling candidates are people of color. It was a crushingly revealing moment in a state where universities ha...
USC Cancels Gubernatorial Debate Due To Absence Of Candidates Of Color Authored by Jonathan Turley via jonathanturley.org , The University of Southern California (USC) is under fire after canceling the California gubernatorial debate with less than 24 hours’ notice. The reason? None of the polling candidates are people of color. It was a crushingly revealing moment in a state where universities have long defied voters who demanded an end to affirmative action in admissions. USC Dornsife Center for the Political Future and ABC/KABC Los Angeles were scheduled to co-host the debate at Bovard Auditorium on Tuesday evening. Then it was canceled on Monday. Former Biden Health and Human Services Secretary and California Attorney General Xavier Becerra had sent a letter to President Beong-Soo Kim , alleging “election rigging” and objecting “ you disqualified all of the candidates of color from participating .” For many, USC succeeded in beclowning itself by first defending USC Professor Christian Grose’s “data-driven” selection process and then abruptly canceling the debate lineup selected through that process. If that seems incomprehensible, welcome to American higher education. The cancellation is only the latest unexpected turn in the election, where the two top vote-getters will face each other in a runoff election. California Democrats are in a panic as two Republicans currently top the polling: Riverside County Sheriff Chad Bianco and commentator Steve Hilton. At the same time, the leading Democrats include controversial candidates such as Rep. Katie Porter and Rep. Eric Swalwell . Porter is best known nationally for spewing profanity and abuse at staff members. Last year, Swalwell was outvoted by Rep. Raul Grijalva, who died in March 2025 . However, they are still doing markedly better than Becerra with voters. USC insisted that it “vigorously defends the independence, objectivity, and integrity of USC Professor Christian Grose, whose data-driven candidate viability ...