India secured the safe passage of some tankers through the Strait of Hormuz. But deepening engagement with Iran could test Narendra Modi’s ties with the US as the Middle East conflict continues. (Source: Bloomberg)
India secured the safe passage of some tankers through the Strait of Hormuz. But deepening engagement with Iran could test Narendra Modi’s ties with the US as the Middle East conflict continues. (Source: Bloomberg)
By Foo Yun Chee BRUSSELS, March 16 (Reuters) - European publishers, tech firms and startups have urged EU antitrust regulators to wrap up a near two-year probe into Alphabet unit Google's alleged favouring of its own services in online searches and impose a fine on the tech giant. In a letter to EU leaders, seen by Reuters and previously unreported, the European Publishers Council whose members...
By Foo Yun Chee BRUSSELS, March 16 (Reuters) - European publishers, tech firms and startups have urged EU antitrust regulators to wrap up a near two-year probe into Alphabet unit Google's alleged favouring of its own services in online searches and impose a fine on the tech giant. In a letter to EU leaders, seen by Reuters and previously unreported, the European Publishers Council whose members include Axel Springer, News Corp and Conde Nast, the European Magazine Media Association, the European Tech Alliance, EU Travel Tech and others called for the investigation to be finished next week. The push underscores tensions within the bloc over the complex balance of regulating Big Tech, with regular clashes between Washington and Brussels over rules curbing the dominance of U.S. companies in social media, online search and AI. The investigation, launched by the European Commission on March 25, 2024 under the European Union Digital Markets Act (DMA), has been going on for nearly two years. EU regulators have said they aim to wrap up DMA cases within 12 months. The Commission announced charges last year. "The European Commission's credibility is on the line and it is important that sustained pressure to dilute the DMA is not shown to have succeeded," the groups representing publishers, tech companies and startups said in a joint letter sent on Sunday to Commission President Ursula von der Leyen, EU antitrust chief Teresa Ribera and EU tech chief Henna Virkkunen. "Every passing day further erodes the profitability of European companies, hampering their ability to invest and grow, with many already facing financial distress or even bankruptcy under the weight of Alphabet's conduct." The European Commission did not immediately respond to email requests for comment. Google, which has made various proposals to mollify rivals and EU regulators since it was charged, did not immediately respond to requests for comment. Its rivals say that the measures are insuffi...
"When you've gone through an illness, you have a lot more empathy with other people who are in similar positions and that inspired me to make a difference in other peoples lives as well," she said.
"When you've gone through an illness, you have a lot more empathy with other people who are in similar positions and that inspired me to make a difference in other peoples lives as well," she said.
The Philippines ranks among Asia’s most gender-equal societies by several international measures. Yet ask Filipino women where they truly belong and most will still tell you: at home. A new survey has found that 83 per cent of Filipino women agree “being a housewife is just as fulfilling as working for pay”, up from 70 per cent when the same question was posed in 1994. The findings, released by in...
The Philippines ranks among Asia’s most gender-equal societies by several international measures. Yet ask Filipino women where they truly belong and most will still tell you: at home. A new survey has found that 83 per cent of Filipino women agree “being a housewife is just as fulfilling as working for pay”, up from 70 per cent when the same question was posed in 1994. The findings, released by independent pollster Social Weather Stations earlier in March to coincide with National Women’s Month, paint a portrait of a society largely at peace with traditional gender roles. Advertisement This is despite the Philippines topping a World Economic Forum gender equality ranking among Asian nations in 2018 and placing second in a US News & World Report survey in 2024. A protest to commemorate International Women’s Day is held in Manila, the Philippines, on March 8. Photo: Reuters Some 77 per cent of men and 73 per cent of women told Social Weather Stations they “extremely” agreed that a man’s job was to earn money while a woman’s was to look after the home and family. Three-quarters of women surveyed said a job was fine, but what women really wanted was a home and children – a figure unchanged since 1994.
Chinese electric carmaker Zhejiang Leapmotor Technology Co. posted its first annual profit on strong vehicle sales as it expands its partnership with Stellantis NV . Leapmotor said it is “actively exploring” cooperations on cars and components with the Franco-American-Italian carmaker, according to a Monday filing , noting that some projects had already entered “advanced negotiation stages,” confi...
Chinese electric carmaker Zhejiang Leapmotor Technology Co. posted its first annual profit on strong vehicle sales as it expands its partnership with Stellantis NV . Leapmotor said it is “actively exploring” cooperations on cars and components with the Franco-American-Italian carmaker, according to a Monday filing , noting that some projects had already entered “advanced negotiation stages,” confirming an earlier report by Bloomberg News. The pact would offer Leapmotor more global opportunities while also helping Stellantis save on development spending and provide a shortcut to better competition with China’s BYD Co. and SAIC Motor Corp. ’s MG in Europe, as well as local rivals including Volkswagen AG and Renault SA . Such a partnership would be the first time for a major European or American automaker to rely on a Chinese company’s vehicle underpinnings and software to bolster models in Europe. Stellantis isn’t alone in trying to benefit from Chinese expertise. Volkswagen is making EVs on Xpeng Inc. ’s platform, while its Audi brand is using partner SAIC’s technology — though those models aren’t for sale outside China. Renault’s new electric Twingo is relying on the French manufacturer’s R&D operations in China for design and technology. First Profit Net income for 2025 was 538 million yuan ($78 million), although it missed the analyst estimate of 734.5 million yuan. Revenue doubled to 64.7 billion yuan after delivering nearly 600,000 vehicles last year. The firm has set an ambitious target of one million vehicle sales in 2026, banking on growth from the B-series, Lafa5 compacts and C10 SUVs. Earlier this quarter, rival Nio Inc. reported its first-ever quarterly profit after a decade of cash burn. Li Auto Inc. ’s earnings missed estimates while first-quarter revenue expectations also trailed analyst expectations.
“We traditionally have turned over about 60% of the portfolio per year,” says AGL Credit Management’s Chief Operating Officer Wynne Comer, discussing the company’s approach to managing collateralized loan obligations. “That’s 30% through prepayments, 30% through active management.” Comer joins Bloomberg Intelligence’s Noel Hebert on the latest episode of the Credit Crunch podcast to discuss the ev...
“We traditionally have turned over about 60% of the portfolio per year,” says AGL Credit Management’s Chief Operating Officer Wynne Comer, discussing the company’s approach to managing collateralized loan obligations. “That’s 30% through prepayments, 30% through active management.” Comer joins Bloomberg Intelligence’s Noel Hebert on the latest episode of the Credit Crunch podcast to discuss the evolution of the CLO market past and present, her transition from banking into asset management, AGL’s
hapabapa/iStock Editorial via Getty Images This monthly article offers a top-down analysis of the consumer discretionary sector based on value, quality, and momentum metrics. It may also help analyze sector ETFs such as the State Street ® Consumer Discretionary Select Sector SPDR ® ETF ( XLY ), whose largest holdings are used to calculate these metrics. This article focuses on Vaneck Retail ETF ( ...
hapabapa/iStock Editorial via Getty Images This monthly article offers a top-down analysis of the consumer discretionary sector based on value, quality, and momentum metrics. It may also help analyze sector ETFs such as the State Street ® Consumer Discretionary Select Sector SPDR ® ETF ( XLY ), whose largest holdings are used to calculate these metrics. This article focuses on Vaneck Retail ETF ( RTH ), which is mostly invested in the largest sub-sector of consumer discretionary but also spans to consumer staples and healthcare. Shortcut The next two paragraphs in italics describe the dashboard methodology. They are necessary for new readers to understand the metrics. If you are used to this series or if you are short of time, you can skip them and go to the charts. Base Metrics I calculate the median value of five fundamental ratios for each subsector : Earnings Yield ("EY"), Sales Yield ("SY"), Free Cash Flow Yield ("FY"), Return on Equity ("ROE"), Gross Margin ("GM"). The reference universe includes large companies in the U.S. stock market. The five base metrics are calculated on the trailing 12 months. For all of them, higher is better. EY, SY, and FY are medians of the inverse of Price/Earnings, Price/Sales and Price/Free Cash Flow. They are better for statistical studies than price-to-something ratios, which are unusable or unavailable when the "something" is close to zero or negative (for example, companies with negative earnings). I also look at two momentum metrics for each group: the median monthly return (RetM) and the median annual return (RetY). I prefer medians to averages because a median splits a set into a good half and a bad half. A capital-weighted average is skewed by extreme values and the largest companies. My metrics are designed for stock-picking rather than index investing. Value And Quality Scores I calculate historical baselines for all metrics. They are noted respectively as EYh, SYh, FYh, ROEh, GMh, and they are calculated as the average...
Supply Chain Layoffs Spread Across Warehouses, Factories And Rail Terminals By Noi Mahoney of FreightWaves A wave of layoffs across U.S. supply chains — from EV battery plants and auto parts factories to warehouses and rail terminals — has affected nearly 4,000 workers in recent weeks, according to company announcements and WARN filings across multiple states. Recent WARN filings and company annou...
Supply Chain Layoffs Spread Across Warehouses, Factories And Rail Terminals By Noi Mahoney of FreightWaves A wave of layoffs across U.S. supply chains — from EV battery plants and auto parts factories to warehouses and rail terminals — has affected nearly 4,000 workers in recent weeks, according to company announcements and WARN filings across multiple states. Recent WARN filings and company announcements show job cuts across at least a dozen companies in states including California, Georgia, Tennessee, Texas, Ohio, South Carolina, Pennsylvania and Alabama. The largest layoffs in the recent wave are coming from the automotive and industrial supply chain. SK Battery America said it laid off 958 workers — about 37% of its workforce — at its electric vehicle battery plant in Commerce, Georgia, citing shifting EV demand as automakers reassess production plans. Meanwhile, bankrupt auto parts manufacturer First Brands Group announced major workforce reductions, including 572 layoffs across three facilities in Brownsville, Texas, and 333 jobs cut at a plant in Fayetteville, Tennessee, as part of its Chapter 11 restructuring. In food manufacturing, Campbell’s said it will cut 205 jobs at its Paris, Texas plant as it repurposes the facility to focus on sauce production. Technology services firm Bluum USA also filed notice it will close its Irving, Texas distribution facility, eliminating 60 jobs as part of a restructuring. Distribution centers and warehouses reduce staff Several logistics and distribution operators have announced layoffs tied to restructuring, contract losses or network consolidation. Third-party logistics provider Saddle Creek Logistics Services plans to lay off 151 workers at a warehouse facility in Bessemer, Alabama. GEODIS Logistics will eliminate 105 jobs at a facility in Ashville, Ohio, after a client ceased operations at the site. GXO Logistics also filed notice that it will shut down operations for a client at its West Jefferson, Ohio, warehouse, aff...
Justin Sullivan/Getty Images News Meta Platforms ( META ) has committed to spend up to $27B over the next five years to access advanced AI infrastructure from Nebius ( NBIS ). Shares of Nebius jumped about 14% premarket on Monday, while Meta's stock rose nearly 3%. Under the five-year AI infrastructure supply agreement , Nebius will provide $12B of dedicated capacity across multiple locations, bas...
Justin Sullivan/Getty Images News Meta Platforms ( META ) has committed to spend up to $27B over the next five years to access advanced AI infrastructure from Nebius ( NBIS ). Shares of Nebius jumped about 14% premarket on Monday, while Meta's stock rose nearly 3%. Under the five-year AI infrastructure supply agreement , Nebius will provide $12B of dedicated capacity across multiple locations, based on one of the first large-scale deployments of Nvidia's ( NVDA ) Vera Rubin platform. Nebius will deliver this capacity starting early 2027. In connection with access to these Vera Rubin deployments, Meta has committed to buying additional available compute capacity across certain upcoming Nebius clusters up to a total of $15B over five years. Nebius said that it currently intends to sell this capacity to third-party customers of its AI cloud business, with remaining capacity to be bought by Meta. "We are pleased to expand our significant partnership with Meta as part of securing more large, long-term capacity contracts to accelerate the build-out and growth of our core AI cloud business," said Arkady Volozh, founder and CEO of Nebius. In November 2025, Nebius said it inked a $3B AI infrastructure deal with Meta. Last year, Meta's CEO Mark Zuckerberg said that the company will spend $600B on U.S. infrastructure projects by 2028. Last week it was announced that Nvidia ( NVDA ) would invest $2B in Nebius ( NBIS ). The Dutch AI infrastructure provider said the partnership will help it deploy more than 5 gigawatts of Nvidia systems by the end of 2030. More on Meta and Nebius Why Meta Is The Best Positioned Hyperscaler In 2026 Meta Platforms: Avocado Toast Never Tasted So Good Nebius: Why Nvidia's $2 Billion Move Matters More Than AI Bubble Fears Nvidia supplier Foxconn's Q4 profit falls short of estimates Notable analyst calls this week: Oracle, CrowdStrike and Occidental among top picks
Focus Partners Wealth raised its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 2.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 906,741 shares of the wireless technology company's stock after purchasing an additional 23,180 shares during the quarter. Focus Partners Wealth owned 0.08% of Qualcomm worth $150,871,...
Focus Partners Wealth raised its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 2.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 906,741 shares of the wireless technology company's stock after purchasing an additional 23,180 shares during the quarter. Focus Partners Wealth owned 0.08% of Qualcomm worth $150,871,000 at the end of the most recent reporting period. Get Qualcomm alerts: Sign Up Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fort Point Capital Partners LLC lifted its holdings in Qualcomm by 5.4% in the third quarter. Fort Point Capital Partners LLC now owns 2,238 shares of the wireless technology company's stock valued at $372,000 after acquiring an additional 114 shares during the period. Destination Wealth Management boosted its position in Qualcomm by 3.4% in the 3rd quarter. Destination Wealth Management now owns 184,069 shares of the wireless technology company's stock worth $30,622,000 after purchasing an additional 6,104 shares in the last quarter. CSM Advisors LLC grew its stake in shares of Qualcomm by 45.4% during the 3rd quarter. CSM Advisors LLC now owns 200,049 shares of the wireless technology company's stock worth $33,282,000 after purchasing an additional 62,470 shares during the period. Clark Capital Management Group Inc. increased its holdings in shares of Qualcomm by 17.0% during the 3rd quarter. Clark Capital Management Group Inc. now owns 1,759 shares of the wireless technology company's stock valued at $293,000 after purchasing an additional 255 shares in the last quarter. Finally, Community Bank N.A. increased its holdings in shares of Qualcomm by 2.2% during the 3rd quarter. Community Bank N.A. now owns 32,666 shares of the wireless technology company's stock valued at $5,434,000 after purchasing an additional 698 shares in the last quarter. 74.35% of the stock is owned by insti...