A surge in Mozambique ’s sovereign yield premia versus Treasuries has seen it overtake Senegal to become the most distressed sovereign issuer in Africa. As the war in Iran puts fresh strain on Mozambique’s already fragile finances, its yield spread , the extra premium which investors demand to hold its hard currency debt over Treasuries, rose to 1,473 basis points on Friday, according to data from...
A surge in Mozambique ’s sovereign yield premia versus Treasuries has seen it overtake Senegal to become the most distressed sovereign issuer in Africa. As the war in Iran puts fresh strain on Mozambique’s already fragile finances, its yield spread , the extra premium which investors demand to hold its hard currency debt over Treasuries, rose to 1,473 basis points on Friday, according to data from a JPMorgan Chase & Co index, well above the 1,000 basis-point level that denotes distress. Senegal’s spread was at 1,423 points, falling below that of Mozambique for the first time since November. The selloff in Mozambique’s dollar bond due 2031 extended on Monday into a 13th consecutive session. The $900 million note has plunged about 11 cents since the start of the conflict, and traded at 74.64 cents on the dollar as of 11:45 a.m in London. The yield at 16.16%, effectively keeps it shut out from international debt markets. Read More: Mozambique Bond Selloff Deepens as Oil Shock Worsens Crisis As the war persists, investors have steadily repriced emerging markets risk, especially for energy-importing nations. In Africa, the average dollar-bond spread over Treasuries now stands at 387 basis points , a six-month high. The spread has widened by 37 basis points in March. Mozambique’s spread, however, has blown out by more than 400 basis points this month. While it hosts some $50 billion in gas projects, these have faced delays, forcing it to rely on fuel imports. The challenge for investors in Mozambique is that they “are buying a potential future LNG output which is far and is postponed every year,” said Romain Bordenave , portfolio manager at Edmond de Rothschild Suisse SA. Despite the sharp fall in the dollar bonds’ price, he would wait for a better entry point before buying, he said. Meanwhile, S&P Ratings said in a report Friday, that Mozambique’s foreign exchange shortages could worsen due to the conflict and the closure of a key aluminum smelter. Also, the government’s...
Investing.com -- A sell-off, partly driven by fears of artificial intelligence disintermediation, has pushed Internet valuations to lows, but Jefferies analysts believe the pessimism has gone too far.
Investing.com -- A sell-off, partly driven by fears of artificial intelligence disintermediation, has pushed Internet valuations to lows, but Jefferies analysts believe the pessimism has gone too far.
Six months since OpenAI's ( OPENAI ) initiative to integrate mini apps within ChatGPT was announced, the progress has been sluggish, Bloomberg News reported, citing interviews with app makers. There are now over 300 app integrations available, but they are hidden away, and the functionality has been limited by the partner companies, which are hesitant to hand over customer relationships and paymen...
Six months since OpenAI's ( OPENAI ) initiative to integrate mini apps within ChatGPT was announced, the progress has been sluggish, Bloomberg News reported, citing interviews with app makers. There are now over 300 app integrations available, but they are hidden away, and the functionality has been limited by the partner companies, which are hesitant to hand over customer relationships and payments to OpenAI. Developers have also complained regarding a tedious app-approval process, a buggy coding system, and a lack of usage data, the report added . OpenAI did not immediately respond to a request for comment from Seeking Alpha. The ChatGPT app push has the potential to escalate increasing competition with Apple ( AAPL ), steering consumers toward a new ecosystem for apps and services outside the App Store. Apple moved to rein that in November 2025, introducing a “mini apps” policy requiring so-called super apps to hand over a 15% cut of in-app purchases, the report noted. StubHub and Booking ( BKNG ) do not yet see ChatGPT apps as a big marketing driver. "It’s easier to discover listings on Booking.com,” Booking CEO Glenn Fogel said in an interview, noting that referral traffic from ChatGPT is still "small." He added that the company still “spends an enormous amount” on advertising with Google ( GOOG ) ( GOOGL ) relative to what it spends on OpenAI’s chatbot. OpenAI said its app platform is central to its product strategy. "We're still early in building this out, and we recognize there are areas where the developer experience needs to improve," a spokesperson said, adding that the company is committed to making the platform “more reliable, more predictable and easier to build on over time." Several initial partners, including Figma ( FIG ), Expedia ( EXPE ) and Target ( TGT ), saw their stocks soar after the initial announcement, as the tie-up offered a new way to acquire users in the age of AI rather than be disrupted by it, according to the report. DoorDash ( DASH...
Cousins Properties (NYSE: CUZ) announced today that it has executed a long-term lease for 116,000 square feet with Oracle at its Neuhoff mixed-use development in Nashville, TN. Oracle is expected to occupy the space in the second half of 2026.
Cousins Properties (NYSE: CUZ) announced today that it has executed a long-term lease for 116,000 square feet with Oracle at its Neuhoff mixed-use development in Nashville, TN. Oracle is expected to occupy the space in the second half of 2026.
Kudos to tobacco giant Altria Group (NYSE: MO) . Recognizing that traditional cigarettes are a dying business (it's embraced the mantra of "moving beyond smoking," in fact), it's been pivoting to safer alternatives. One of these alternatives is nicotine pouches, manufactured by subsidiary Helix Innovations and sold under the "on!" label. Now the company's expanding this brand, and its reach. Follo...
Kudos to tobacco giant Altria Group (NYSE: MO) . Recognizing that traditional cigarettes are a dying business (it's embraced the mantra of "moving beyond smoking," in fact), it's been pivoting to safer alternatives. One of these alternatives is nicotine pouches, manufactured by subsidiary Helix Innovations and sold under the "on!" label. Now the company's expanding this brand, and its reach. Following recent FDA authorizations of newer "on! PLUS" pouches with higher nicotine levels and made from a more comfortable material, now Altria is expanding this product's brick-and-mortar retail availability from just three states to the entire nation. The question is, of course, whether or not Altria stock is a worthy buy in 2026. Continue reading
Oracle (NYSE:ORCL) is reporting its strongest revenue growth in over 15 years, supported by surging demand for AI infrastructure. This rapid growth coincides with deeply negative free cash flow and rising debt, as the company continues to pay a sizable dividend. The tension between heavy AI investment, expanding contracted backlog and ongoing dividend commitments is raising new questions about the...
Oracle (NYSE:ORCL) is reporting its strongest revenue growth in over 15 years, supported by surging demand for AI infrastructure. This rapid growth coincides with deeply negative free cash flow and rising debt, as the company continues to pay a sizable dividend. The tension between heavy AI investment, expanding contracted backlog and ongoing dividend commitments is raising new questions about the sustainability of Oracle's capital return policy. Oracle enters this phase of AI driven growth...
Monks, the unitary operating brand of S4 Capital plc, has appointed Alex Oberberg as Chief Revenue Officer (CRO) for EMEA. Effective immediately, Oberberg will lead the region's commercial strategy, focusing on scaling Monks' high-velocity, AI-driven systems for global enterprise clients.
Monks, the unitary operating brand of S4 Capital plc, has appointed Alex Oberberg as Chief Revenue Officer (CRO) for EMEA. Effective immediately, Oberberg will lead the region's commercial strategy, focusing on scaling Monks' high-velocity, AI-driven systems for global enterprise clients.
halbergman/E+ via Getty Images Fermi ( FRMI ) stock plunged after the data center REIT reported a GAAP net loss of $486.4M, or $1.13 per share, for the period of January 10, 2025, (inception) to December 31, 2025. Shares were 10.84% lower to $5.51 before the U.S. market open on Monday. The company, co-founded by former U.S. Energy Secretary Rick Perry, started trading at $25 per share on the Nasda...
halbergman/E+ via Getty Images Fermi ( FRMI ) stock plunged after the data center REIT reported a GAAP net loss of $486.4M, or $1.13 per share, for the period of January 10, 2025, (inception) to December 31, 2025. Shares were 10.84% lower to $5.51 before the U.S. market open on Monday. The company, co-founded by former U.S. Energy Secretary Rick Perry, started trading at $25 per share on the Nasdaq in its market debut on October 1, 2025. At the end of the fourth quarter, the company had $408.5M of cash and cash equivalents. "Our first year proved that building America's AI energy backbone demands more than capital - it demands relentless execution, a workforce willing to operate at startup pace on an industrial scale, and partners across government, manufacturing, and construction who share our sense of urgency," said Fermi Founder and CEO Toby Neugebauer in a shareholders letter. "We understand the question at the top of every shareholder's mind: when will Fermi announce its first definitive tenant lease? Our answer has remained deliberate and consistent - we will move forward only when the terms, the partner, and the capital structure meet the disciplined capital and risk standards we require for long-term value creation," said the letter. "Our focus is not on whether we will secure a tenant, but on securing the right one," noted the CEO in the letter. More on Fermi Inc. Fermi: Pre-Revenue REIT Needs More Capital Mid-Cap real estate stocks ranked by quant ratings after earnings season Seeking Alpha’s Quant Rating on Fermi Inc. Historical earnings data for Fermi Inc. Financial information for Fermi Inc.
Shoppers pass fruit and vegetable stalls in the Bauveau Market in Paris, France, on Wednesday, Feb. 15, 2023. Bloomberg | Bloomberg | Getty Images Economic and consumer confidence plummeted in Europe in March, according to official data released on Monday, in the latest evidence of how the Iran war is upending growth and inflation expectations. Preliminary data from the European Commission shows e...
Shoppers pass fruit and vegetable stalls in the Bauveau Market in Paris, France, on Wednesday, Feb. 15, 2023. Bloomberg | Bloomberg | Getty Images Economic and consumer confidence plummeted in Europe in March, according to official data released on Monday, in the latest evidence of how the Iran war is upending growth and inflation expectations. Preliminary data from the European Commission shows economic sentiment declined in both the EU (down 1.5 points from the previous month to 96.7) and the euro area (down 1.6 points to 96.6) in March. The figures, measuring economic sentiment across five key sectors of the European economy, also reveal employment expectations are under pressure across the EU and euro zone. Employers in the retail trade, services and industry sectors are all adjusting their employment plans against a backdrop of ongoing war in the Middle East. watch now VIDEO 4:44 04:44 Iran conflict enters fifth week as Houthi strikes open new front Squawk Box Europe The slump adds to a deterioration seen in February, but the Commission warned the latest data prints showed a "marked deterioration of economic sentiment in March", which had driven both economic sentiment and employment expectations "away from their long-term average of 100." Consumer confidence also fell sharply to its lowest level since Oct. 2023, "driven by a dramatic decline in consumers' expectations for the overall economic situation in their country." "Consumers also became markedly more pessimistic about their household's future financial situation and less prone to make major purchases over the next 12 months," the Commission added. It follows separate data showing euro zone private sector output fell to a 10-month low and toward contraction territory in March, raising fears of looming "stagflation". In revised forecasts released on March 19, the European Central Bank now expects economic growth of 0.9% in 2026, and headline inflation to average 2.6% this year. ECB President Christine Lag...