NVIDIA CEO Jensen Huang speaks at the NVIDIA GTC global AI conference in San Jose, California, U.S. March 16, 2026. Fred Greaves | Reuters After an extended delay in selling into the world's second-largest economy, chipmaker Nvidia is gearing up to provide some customers in China with its H200 processors, CEO Jensen Huang said on Tuesday. "We have received purchase orders, and we're in the process...
NVIDIA CEO Jensen Huang speaks at the NVIDIA GTC global AI conference in San Jose, California, U.S. March 16, 2026. Fred Greaves | Reuters After an extended delay in selling into the world's second-largest economy, chipmaker Nvidia is gearing up to provide some customers in China with its H200 processors, CEO Jensen Huang said on Tuesday. "We have received purchase orders, and we're in the process of restarting our manufacturing," Huang told reporters at the company's GTC conference in San Jose, California. "That's new news for all of you, and it's different than it was two weeks ago or three weeks ago, but that's our condition today, and and our supply chain is getting fired up." Huang told CNBC that the company now has clearance from both sides. China once accounted for at least one-fifth of Nvidia's data center revenue, but the company has been shut out of the country since being told by the Trump administration in April that it would require a license to export chips there and to a handful of other countries. The company said it would take a $5.5 billion charge due to the export restriction. Prior export controls forced Nvidia to develop a lower-capability chip for the Chinese markets called the H20. After President Donald Trump initially halted those sales, he changed course in December and allowed Nvidia to ship the more advanced H200 chip to China, provided the U.S. got a 25% cut of sales. But as of last month, there had still been virtually no movement on that front. Following the company's quarterly earnings report on Feb. 25, CFO Colette Kress told analysts that a "small number of H200 products" had been approved for sale to China by the U.S. government, but "we have yet to generate any revenue." The delay was tied to reports of security scrutiny in both countries, despite Huang's lobbying in Washington, D.C. and a trip to China earlier this year . Even without sales into China, Nvidia reported revenue growth of 73% in the latest quarter , marking an 11th ...
Good morning . Trump lashes out at allies for rejecting his war push. Tencent leans on its massive user base to get ahead in agentic AI. And Bentley cuts jobs on poor China performance. Listen to the day’s top stories . — Hari Govind and Samantha Stewart Market Snapshot S&P 500 Index 6,716.09 +0.2% Bloomberg Dollar Spot Index 1,207.28 -0.2% Brent Oil Futures $103.66 +3.4% Market data as of 04:58 P...
Good morning . Trump lashes out at allies for rejecting his war push. Tencent leans on its massive user base to get ahead in agentic AI. And Bentley cuts jobs on poor China performance. Listen to the day’s top stories . — Hari Govind and Samantha Stewart Market Snapshot S&P 500 Index 6,716.09 +0.2% Bloomberg Dollar Spot Index 1,207.28 -0.2% Brent Oil Futures $103.66 +3.4% Market data as of 04:58 PM ET. Data is subject to provider delays. Donald Trump abandoned his effort to recruit partners for the Iran war and scolded NATO allies—as well as Japan, Australia and South Korea—who openly rejected his appeals for help. The US ordered all diplomatic posts worldwide to undertake security evaluations, the Washington Post reported. Israel killed Iran security chief Ali Larijani and a Basij commander. Trump-appointed counterterrorism official Joe Kent resigned, alleging Israel misled the president about the Islamic Republic’s threat. Airline Bookings Surge as Travelers Rush to Lock In Fares Read more In a potential easing of transatlantic tensions, the European Union is reviving ratification of its long-delayed US trade deal . The European Parliament’s trade committee will vote Thursday, followed by a full plenary vote later this month or in April. Japan and South Korea have agreed to invest a combined $900 billion in the US—read Bloomberg’s explainer on how it will work . Nvidia Chief Executive Officer Jensen Huang said the company is ramping up H200 AI chip production for Chinese customers after securing licenses for multiple buyers. The chipmaker is working to revive sales in China, a market largely shut by US export controls that now require government approval. A growing number of traders are turning down multimillion-dollar hedge fund offers to launch their own firms, seeking greater independence and longer time horizons for bets. Spinouts from multistrategy giants accounted for 17% of hedge fund startups in 2025, nearly double the share two years earlier, according to...
In China this month, people have been lining up on streets to install an AI programme on their computers. Some had travelled from other cities. Others had waited for hours for engineers to set it up for them. There were even “birth certificates” given out upon installation. The programme is OpenClaw. Its logo is a red lobster. Chinese internet users quickly coined a phrase for the phenomenon: rais...
In China this month, people have been lining up on streets to install an AI programme on their computers. Some had travelled from other cities. Others had waited for hours for engineers to set it up for them. There were even “birth certificates” given out upon installation. The programme is OpenClaw. Its logo is a red lobster. Chinese internet users quickly coined a phrase for the phenomenon: raising lobsters The scene looks quirky, even amusing. But beneath the spectacle lies a revealing moment in the global AI race. It reflects technological enthusiasm, corporate strategy and the risks that accompany every new digital gold rush. OpenClaw represents a shift in how artificial intelligence interacts with computers. Advertisement For years, most AI tools functioned as conversational assistants. You ask a question, the system responds. But AI agents such as OpenClaw operate differently. Instead of answering questions, they execute tasks. With the right permissions, the software can browse the internet, organise files, send emails, analyse data or run code on a user’s machine. In theory, it becomes a digital employee working tirelessly in the background. The concept has captured the public imagination. In China, the technology has quickly evolved from a niche developer tool into a mass-market curiosity. Tech companies have wasted no time capitalising on the moment. Tencent quickly launched an alternative called WorkBuddy while ByteDance introduced ArkClaw. Baidu is offering OpenClaw through its ecosystem. Each promises an AI workforce capable of handling tasks from document management to customer service. Advertisement
monsitj/iStock via Getty Images Gold futures closed slightly higher after trading in a narrow range Tuesday, while silver finished lower for the fifth consecutive session, as traders monitored the Iran war and awaited the U.S. Federal Reserve's upcoming policy decision. As the war enters its third week and higher energy prices drive inflationary fears, traders say prospects have dwindled for the ...
monsitj/iStock via Getty Images Gold futures closed slightly higher after trading in a narrow range Tuesday, while silver finished lower for the fifth consecutive session, as traders monitored the Iran war and awaited the U.S. Federal Reserve's upcoming policy decision. As the war enters its third week and higher energy prices drive inflationary fears, traders say prospects have dwindled for the Fed and other central banks to reduce interest rates significantly this year, and see virtually no chance of a cut when the Fed announces its rate decision on Wednesday . Analysts at Commerzbank said the Fed meeting is unlikely to provide impetus to gold, as uncertainty surrounding the duration of the war and the disruption to oil supplies likely will make the U.S. central bank cautious. Market participants have focused on the potential for higher rates, but this is only "one piece of the puzzle," UBS precious metals strategist Joni Teves said in a note, saying weaker growth that triggers fiscal and monetary stimulus could bring upside for gold, while heightened geopolitical uncertainty should underpin demand for safe havens. Front-month Comex gold ( XAUUSD:CUR ) for March delivery closed up 0.1% to $5,001.00/oz, snapping a four-session losing streak, but front-month Comex March silver ( XAGUSD:CUR ) ended down 0.9% to $79.530/oz, shedding nearly 11% in the past five trading days for the metal's longest losing streak since March a year ago. ETFs: ( GLD ), ( GDX ), ( GDXJ ), ( IAU ), ( NUGT ), ( PHYS ), ( GLDM ), ( AAAU ), ( SGOL ), ( RING ), ( BAR ), ( OUNZ ), ( SLV ), ( PSLV ), ( SIVR ), ( SIL ), ( SILJ ) More on gold and silver Macro Insights: War, Oil, AI, And Your Retirement 'Spot Down, Vol Down' As Investors Monetized Hedges Gold And Silver Update: Metals Fake Out To The Downside; Opportunity?
When looking only at the past 12 months, Editas Medicine (NASDAQ: EDIT) , a small-cap biotech company, seems to be doing well. The drugmaker's shares have soared by 80% over this period. However, zooming out gives a different picture: Editas Medicine has lost more than 90% of its market value in the past five years. Is the company's recent run sustainable, or will the stock -- whose price is just ...
When looking only at the past 12 months, Editas Medicine (NASDAQ: EDIT) , a small-cap biotech company, seems to be doing well. The drugmaker's shares have soared by 80% over this period. However, zooming out gives a different picture: Editas Medicine has lost more than 90% of its market value in the past five years. Is the company's recent run sustainable, or will the stock -- whose price is just under $3 -- continue to fall until investors are left with worthless shares? Image source: Getty Images. Editas Medicine is a clinical-stage biotech . Pre-commercial drugmakers carry higher-than-average risk, as they routinely encounter significant clinical or regulatory roadblocks that sink their stock prices. Further, Editas Medicine specializes in gene editing . Although this technology is showing incredible promise in helping researchers find cures for previously untreatable conditions, it still has a long way to go before widespread adoption by the healthcare community, including health insurance companies that have to foot the bill. Continue reading
SoFi Technologies (NASDAQ:SOFI), an online personal finance platform, closed Tuesday at $17.37, down 1.47%. Shares moved lower after a new short-seller report alleged aggressive financial engineering and misstated debt. Investors are watching how SoFi defends its accounting and executes on its Mastercard stablecoin partnership. Trading volume reached 157.5 million shares, coming in about 167% abov...
SoFi Technologies (NASDAQ:SOFI), an online personal finance platform, closed Tuesday at $17.37, down 1.47%. Shares moved lower after a new short-seller report alleged aggressive financial engineering and misstated debt. Investors are watching how SoFi defends its accounting and executes on its Mastercard stablecoin partnership. Trading volume reached 157.5 million shares, coming in about 167% above its three-month average of 59 million shares. SoFi Technologies IPO'd in 2021 and has grown 42% since going public. How the markets moved today The S&P 500 added 0.27% to finish Tuesday at 6,717, while the Nasdaq Composite gained 0.47% to close at 22,480. In financial technology, peers LendingClub closed at $14.12, up 1.77%, and Upstart ended at $27.83, up 0.14%, as investors assessed lending and credit trends. What this means for investors Well-known short-selling firm Muddy Waters released a short report on SoFi this afternoon, prompting the stock to temporarily sink 6% before rallying most of the way back today. There are several interesting items in the report, but the headliner is that Muddy Waters believes SoFi’s actual personal loan charge-off rate is closer to 6.1% than the 2.9% figure the company states. The short-selling firm also raised a few questions about SoFi’s balance sheet, its fair-value process for personal loans, and the company’s shareholder “dilution treadmill.” I’m a SoFi shareholder, so this news certainly needs to be monitored, but I’m not panicking over it yet. Investors should give management time to respond to the report and reassess afterward. Should you buy stock in SoFi Technologies right now? Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SoFi Technologies wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on Decem...
USS Ford has seen war, fire and plumbing woes as it nears a record long deployment toggle caption Jonathan Klein/AFP via Getty Images After moving to the Red Sea to participate in operations against Iran, the USS Gerald R. Ford, the U.S.' newest and largest aircraft carrier, is approaching a record breaking deployment. The Ford is on track to exceed the longest deployment of any aircraft carrier s...
USS Ford has seen war, fire and plumbing woes as it nears a record long deployment toggle caption Jonathan Klein/AFP via Getty Images After moving to the Red Sea to participate in operations against Iran, the USS Gerald R. Ford, the U.S.' newest and largest aircraft carrier, is approaching a record breaking deployment. The Ford is on track to exceed the longest deployment of any aircraft carrier since the end of the Vietnam war. The USS Nimitz was kept at sea for 321 days before returning in 2021, but that deployment came during the height of the COVID-19 pandemic and was designed as a way to quarantine ships by keeping them at sea. As of Tuesday, the Ford was on the 266th day of its current deployment, and it will be at least several more weeks before it returns. Vice Chief of Naval Operations, Adm. James Kilby confirmed to lawmakers recently that the Navy did not expect the carrier to return until May. Sponsor Message Chairman of the Joint Chiefs of Staff, Gen. Dan Caine acknowledged the expanding mission during a recent Pentagon briefing. "The crews on board this strike group have already endured months at sea only to get their deployment extended. These exceptional Americans rogered up, all supported by their families, continue to stand the watch, taking the fight to the enemy," Caine said. The Ford's crew left Norfolk, Va., on June 24, initially bound for the Mediterranean. They were redeployed to the Caribbean in November, where the Ford became part of the Trump administration's operation to capture Venezuelan leader Nicolás Maduro in January. The carrier stayed in the Caribbean, as the U.S. continued to pursue sanctioned oil tankers and destroy small craft that the administration has said were carrying drugs. Just weeks later, the Ford was moved to the Middle East. It was first sent off of the coast of Israel in the Eastern Mediterranean, before heading to the Red Sea for the beginning of the U.S.-Israeli operation against Iran. The crew was told in the secon...
Over the last few months, tools like OpenClaw have shown what tech-savvy AI users can do by setting a virtual cadre of automated agents on a task. But that individual convenience can be a DDOS-level pain for online service providers faced with a torrent of Sybil attack-style requests from thousands of such agents at once. Identity startup World thinks its "proof of human" World ID technology can p...
Over the last few months, tools like OpenClaw have shown what tech-savvy AI users can do by setting a virtual cadre of automated agents on a task. But that individual convenience can be a DDOS-level pain for online service providers faced with a torrent of Sybil attack-style requests from thousands of such agents at once. Identity startup World thinks its "proof of human" World ID technology can provide a potential solution to this problem. Today, the company launched a beta of Agent Kit, a new way for humans to prove they are directing their AI agents and for websites to limit access to AI agents working on behalf of an actual human. If you recognize the name World, it's probably as the organization behind WorldCoin , the Sam Altman-founded cryptocurrency outfit that launched in 2023 alongside an offer to give free WorldCoin to anyone who scanned their iris in a physical "orb" . While WorldCoin still exists (at a current value well below its early 2024 peaks ), World has now pivoted to focus on World ID , which uses the same iris-scanning technology as the basis for a cryptographically secure, unique online identity token stored on your phone. Read full article Comments
Oklo’s path to profitability has faced scrutiny as investors await updates on the regulatory front. The nuclear start-up announced that it had secured its first license from the Nuclear Regulatory Commission, a federal agency that oversees the civilian use of radioactive materials. There’s a catch: The license applies to Atomic Alchemy, a wholly-owned subsidiary Oklo acquired in 2025.
Oklo’s path to profitability has faced scrutiny as investors await updates on the regulatory front. The nuclear start-up announced that it had secured its first license from the Nuclear Regulatory Commission, a federal agency that oversees the civilian use of radioactive materials. There’s a catch: The license applies to Atomic Alchemy, a wholly-owned subsidiary Oklo acquired in 2025.
Investing.com -- NVIDIA Corporation (NASDAQ:NVDA) announced Tuesday it is resuming manufacturing of AI chips for the Chinese market, according to CEO Jensen Huang, who also unveiled a $1 trillion order projection for the company's Blackwell and Vera Rubin chips through 2027 at the GTC 2026 conference this week. The stock declined 0.70% to $181.96 on Tuesday despite the bullish revenue forecast. Nv...
Investing.com -- NVIDIA Corporation (NASDAQ:NVDA) announced Tuesday it is resuming manufacturing of AI chips for the Chinese market, according to CEO Jensen Huang, who also unveiled a $1 trillion order projection for the company's Blackwell and Vera Rubin chips through 2027 at the GTC 2026 conference this week. The stock declined 0.70% to $181.96 on Tuesday despite the bullish revenue forecast. Nvidia is restarting manufacturing of its H200 chip, which is designed to comply with U.S. export restrictions on China, Huang said at a press conference on Tuesday. The company had halted production last year of the H200, which is based on its aging Hopper technology, because of increasing regulatory hurdles in the U.S. and China. Since then, Nvidia has received licenses to export the H200 from the U.S. government and has taken orders, Huang said. This led Nvidia to begin restarting its manufacturing several weeks ago. "Our supply chain is getting fired up," Huang said. The announcement marks a significant strategic shift for the world's most valuable public company, valued at approximately $4.5 trillion, as it navigates a complex regulatory environment surrounding AI chip exports to China. The decision comes after Nvidia faced a $5.5 billion financial hit from U.S. export restrictions and Chinese regulatory challenges over the past year. Huang's $1 trillion revenue projection represents more than double the $500 billion forecast from a year earlier, underscoring the explosive growth in global AI demand. "In fact, we are going to be short. I am certain computing demand will be much higher than that," Huang said during the keynote address. The timing of the China restart coincides with evolved U.S. export control frameworks. In December 2025, the Trump administration announced that Nvidia's H200 chip could be exported to approved customers in China if sales meet licensing conditions and the U.S. government receives 25% of the revenue. Nvidia has faced mounting pressure on mul...
Expand NASDAQ : NBIS Nebius Group Today's Change ( -10.78 %) $ -13.99 Current Price $ 115.86 Key Data Points Market Cap $33B Day's Range $ 113.13 - $ 121.40 52wk Range $ 18.31 - $ 141.10 Volume 2.9M Avg Vol 13M Gross Margin -765.63 % Nebius Group (NBIS 10.78%), an AI-centric cloud platform infrastructure provider, closed at $116.25, down 10.47%. Shares declined after the company announced plans to...
Expand NASDAQ : NBIS Nebius Group Today's Change ( -10.78 %) $ -13.99 Current Price $ 115.86 Key Data Points Market Cap $33B Day's Range $ 113.13 - $ 121.40 52wk Range $ 18.31 - $ 141.10 Volume 2.9M Avg Vol 13M Gross Margin -765.63 % Nebius Group (NBIS 10.78%), an AI-centric cloud platform infrastructure provider, closed at $116.25, down 10.47%. Shares declined after the company announced plans to raise $3.75 billion through convertible notes and loans. Investors are watching how the added leverage and potential dilution could impact its AI growth strategy. Trading volume reached 56.4 million shares, coming in about 304% above its three-month average of 13.9 million shares. Nebius Group IPO'd in 2024 and has grown 481% since going public. How the markets moved today S&P 500 (^GSPC +0.25%) added 0.25% to finish Tuesday’s session at 6,716, while the Nasdaq Composite (^IXIC +0.47%) rose 0.47% to close at 22,480. Among internet content and information industry peers, Microsoft (MSFT 0.13%) closed at $399.41, down 0.14%, and Oracle (ORCL 0.82%) finished at $154.7, down 0.81%, as investors reassessed AI infrastructure spending. What this means for investors Nebius shares plunged today, one day after a sharp spike in the stock on news of large new AI deal with Meta Platforms (META 0.80%) was announced. The news yesterday confirmed that demand for cloud computing capacity remains strong. Investors sold the stock today after Nebius announced plans to raise $3.75 billion through new convertible note offerings and loans. That could lead to future dilution as well as further pressure on its financial strength. The capital raise shouldn’t come as a surprise, though, as the investing thesis for Nebius is to continue to build AI infrastructure to support deals like the one with Meta. The question will be whether it can get sufficient return on its investments in a timely period.
Nebius Group (NASDAQ:NBIS), an AI-centric cloud platform infrastructure provider, closed at $116.25, down 10.47%. Shares declined after the company announced plans to raise $3.75 billion through convertible notes and loans. Investors are watching how the added leverage and potential dilution could impact its AI growth strategy. Trading volume reached 56.4 million shares, coming in about 304% above...
Nebius Group (NASDAQ:NBIS), an AI-centric cloud platform infrastructure provider, closed at $116.25, down 10.47%. Shares declined after the company announced plans to raise $3.75 billion through convertible notes and loans. Investors are watching how the added leverage and potential dilution could impact its AI growth strategy. Trading volume reached 56.4 million shares, coming in about 304% above its three-month average of 13.9 million shares. Nebius Group IPO'd in 2024 and has grown 481% since going public. How the markets moved today S&P 500 (SNPINDEX:^GSPC) added 0.25% to finish Tuesday’s session at 6,716, while the Nasdaq Composite (NASDAQINDEX:^IXIC) rose 0.47% to close at 22,480. Among internet content and information industry peers, Microsoft (NASDAQ:MSFT) closed at $399.41, down 0.14%, and Oracle (NYSE:ORCL) finished at $154.7, down 0.81%, as investors reassessed AI infrastructure spending. What this means for investors Nebius shares plunged today, one day after a sharp spike in the stock on news of large new AI deal with Meta Platforms (NASDAQ:META) was announced. The news yesterday confirmed that demand for cloud computing capacity remains strong. Investors sold the stock today after Nebius announced plans to raise $3.75 billion through new convertible note offerings and loans. That could lead to future dilution as well as further pressure on its financial strength. The capital raise shouldn’t come as a surprise, though, as the investing thesis for Nebius is to continue to build AI infrastructure to support deals like the one with Meta. The question will be whether it can get sufficient return on its investments in a timely period. Should you buy stock in Nebius Group right now? Before you buy stock in Nebius Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nebius Group wasn’t one of them. The 10 stocks that made the cut could produce monster returns in ...
BHP Group appointed Brandon Craig as its new chief executive officer as the world’s biggest miner seeks to embark on a new leg of growth in copper and potash, while managing a slowdown in iron ore. Craig will take on the role from July 1, replacing outgoing CEO Mike Henry who has been in the position since the start of 2020. BHP veteran Craig led the company’s largest division, iron ore, through t...
BHP Group appointed Brandon Craig as its new chief executive officer as the world’s biggest miner seeks to embark on a new leg of growth in copper and potash, while managing a slowdown in iron ore. Craig will take on the role from July 1, replacing outgoing CEO Mike Henry who has been in the position since the start of 2020. BHP veteran Craig led the company’s largest division, iron ore, through the pandemic before taking on the role of president of the company’s Americas operations in 2024. The region is central to the miner’s growth strategy as it seeks to increase its exposure to copper. The company is targeting ambitious growth in the metal vital to the energy transition and the AI-driven tech boom, and is pushing into potash fertilizers. Copper accounted for more than half of BHP’s profit for the first time in the six months through December, although there are limited opportunities to buy new assets. Craig will also need to contend with plateauing Chinese demand for iron ore — which still makes up almost half of earnings — and an increasingly turbulent relationship with China’s state-backed buyer of the steelmaking ingredient. BHP is also grappling with rising mining costs, and must decide whether to keep investing in coal mines that currently generate no profit. Henry reshaped the company during his tenure, cutting costs and streamlining the portfolio by scaling back coal and exiting oil and gas through a sale to Woodside Energy Group Ltd . He also revived dealmaking, acquiring OZ Minerals Ltd. for its South Australian copper mines and later Filo Corp. to secure a copper project in Argentina. However, those deals were modest compared with BHP’s failed $49 billion bid for Anglo American in 2024.
陳茂波今午訪京出席研討會 將拜會中央部委、金融監管機構 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】財政司司長陳茂波下午到北京出席與十五五相關研討會。 陳茂波訪京六日，周四出席有關十五五開局研討會，探討香港如...
陳茂波今午訪京出席研討會 將拜會中央部委、金融監管機構 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】財政司司長陳茂波下午到北京出席與十五五相關研討會。 陳茂波訪京六日，周四出席有關十五五開局研討會，探討香港如何更好融入和服務國家發展大局等，之後出席22及23日舉行的中國發展高層論壇、內地與香港經貿合作委員會第八次會議。在北京期間，他將拜會多個相關的中央部委和金融監管機構。 財庫局局長許正宇、商經局局長丘應樺亦會分別啓程前往北京同行，陳茂波下周一返港。
Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, sign up here . Onex CEO Bobby Le Blanc is doing his best to channel Warren Buffett . The Toronto firm, which started in the 1980s under Gerry Schwartz, completed a deal that will see it take long-term control of Convex Group, an insurance and reinsur...
Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, sign up here . Onex CEO Bobby Le Blanc is doing his best to channel Warren Buffett . The Toronto firm, which started in the 1980s under Gerry Schwartz, completed a deal that will see it take long-term control of Convex Group, an insurance and reinsurance company it backed as a startup about seven years ago. In a small way, the move mimics Berkshire Hathaway’s decision to put insurance at the heart of its corporate strategy. The deal, which also sees American International Group take a minority stake in Onex, is the lynchpin of Le Blanc’s plan to change investors’ perceptions of his storied firm. Onex has always pumped a lot of its own capital into deals. After decades of activity, its balance sheet now bulges with around C$170 a share of its own investments. Yet the stock lingers around C$99. Not ideal. In Le Blanc’s mind, the way to change this is to use the balance sheet differently — and to figure out a way to manage more of other people’s money. For years, Onex has been trying to build a credit business (with a bit of success). Convex will give the company another earnings stream, as well as new capital to manage. “The more shareholders I spoke to, the more I realized that we were never going to get the credit for the intrinsic value of the business under the way that we’ve historically operated,” Le Blanc told us. “So I said: How can we change the narrative around Onex to become more of an earnings or enterprise-value play?” Le Blanc says he’s open to doing similar deals in the future. Even after the Convex acquisition, Onex still has plenty of money to work with. Also in this newsletter: praise from a Goeasy short seller , BMO plans more US branches and why Trump keeps canceling on world leaders . The following was produced with the assistance of Bloomberg Automation. Top stories Mortgage billionaire Stephen Smit...