The rapidly escalating conflict in the Middle East threatens to overshadow this week’s meeting between Japan’s Prime Minister Sanae Takaichi and US President Donald Trump, where the two leaders are expected to deepen economic cooperation and collaboration in shipbuilding. Thursday’s summit at the White House puts Takaichi in a bind, caught between Trump’s call for Tokyo and others to send warships to help reopen the Strait of Hormuz and her country’s constitutional limits on taking part in overseas military campaigns. Following the US-Israeli attack against Iran last month and subsequent Tehran strikes on multiple vessels in the critical shipping lane, analysts say Trump could use the meeting to press her to step up as an ally. Advertisement Trump said in a social media post that “hopefully China, France, Japan, South Korea, the UK, and others, that are affected by this artificial constraint, will send Ships to the area so that the Hormuz Strait will no longer be a threat by a Nation that has been totally decapitated”. “Trump is going to want to show that the US is not alone on Iran and that its allies are shoulder to shoulder,” said Jeff Kingston, director of Asian Studies at the Tokyo branch of Temple University. Advertisement

China’s push for semiconductor self-sufficiency is shifting from broad aspiration to a precision strike on chokepoint materials, with photoresist – the light-sensitive chemical essential for etching microscopic circuits onto silicon wafers – emerging as a new battlefield. The sector, which provides the key material for lithography , was expected to enter a critical stage of “accelerated breakthroughs and large-scale application” over the coming years, according to Fu Zhiwei, chairman of Xuzhou B&C Chemical, a major domestic supplier of photoresist. Fu, also a deputy to the National People’s Congress, told the South China Morning Post during the “two sessions” annual political gathering last week that the company aimed to achieve mass production of several core photoresist materials used in advanced processes within five years. Advertisement The comments mark the latest effort by China to expand the scope of its chip self-sufficiency drive under the new 15th five-year plan , amid an intensified tech race with the US in advanced chipmaking. Photoresist, used in processes such as photolithography and photoengraving to form patterned coatings on surfaces, is a key input in chip manufacturing. Advertisement The material is classified by exposure wavelengths, including broadband UV, G-line, I-line, KrF, ArF, EUV, and electron beam types. KrF, ArF, and EUV are the most advanced. With increased efforts, the domestic field of photoresist was undergoing a transition from “single-point breakthroughs” to “systemic development”, Fu said.

Donny DBM/iStock via Getty Images Top-Down and Bottom-Up Investors typically fall into two camps. They are either top-down, guided by macro views and often taking thematic slants, or bottom-up, ignoring the big picture to focus on individual securities. We have always conducted analysis across the spectrum. Our goal is to select undervalued securities by thoroughly analyzing each individual company. But we also evaluate the overall economic environment, to alter our portfolio approach, especially when our macro alerts trigger. We developed proprietary tools and formalized a four-pillar approach several years ago. Two pillars are top down: TRIM™ (our Indicator of Momentum to alert us to material market declines) and TEC™ (our Economic Composite to spot recessions). The other two pillars are bottom up: value (to determine price to Fair Market Value) and TRAC™ (to optimize entry and exit points). During most periods, bottom-up analysis suffices because the economy is humming along; however, we specifically built our macro tools to provide us with alerts when the likelihood of macroeconomic issues overwhelming markets is high. Though, in our view, one should not vacillate between being fully invested or entirely in cash. Certain companies ought to be owned through thick or thin, otherwise the upside might be missed. Conversely, a top-down view can assist in avoiding positions that may suffer as the economy softens and markets are pressured. Best of Both Worlds Since TEC™ is still alerting us to a potential recession, we have maintained our hedging strategies, continuing to hold short positions (where authorized) or inverse long ETFs. We aren’t just concerned with the potential for a near-term peak in the economic cycle, but the markets are overvalued and inflecting from TRAC™ ceilings. Certain segments, such as technology, are experiencing significant overspending, housing is already in a downturn from prior excesses, and economic and geopolitical policies are creating ...

雪季快過，見證冰雪與多個產業深度融合，催生新產品、新場景、新業態。內地因地制宜，提出「有冰上冰，有雪上雪」，將冰天雪地「變身」廣闊課堂，冰雪經濟正成為推動高質量發展的新動能。 太舞滑雪小鎮：「滑雪+研學」套餐廣受歡迎 在河北張家口太舞滑雪小鎮，來自全國各地的學生在雪道上練習滑雪。該滑雪場打造青少年滑雪冬令營，配備專屬雪道和教練團隊，推出的「滑雪+研學」套餐廣受歡迎，成為親子消費新風尚。 淶源七山滑雪旅遊區：冰雪嘉年華、文化進校園輪番上演 河北淶源縣七山滑雪旅遊區內，隨着中國·保定（淶源）冰雪戶外運動大會系列活動進行，冰雪嘉年華、冰雪文化進校園及冰雪研學等系列活動輪番上演。當地持續打造冬季特色冰雪旅遊品牌，冰雪研學成為親子消費新風尚。 冰雪經濟多元化發展 帶來豐富旅遊體驗 隨着各類創新業態不斷湧現，冰雪旅遊產業逐漸走向多元化、差異化發展，為遊客帶來更加豐富多樣的旅遊體驗。冰雪經濟正成為推動經濟高質量發展的新動能。

格隆汇3月16日｜摩根士丹利将陕西煤业评级上调至超配，目标价30.70元人民币。

wildpixel/iStock via Getty Images Oil prices rose again Monday as the war involving Iran entered its third week, keeping pressure on global energy markets and prolonging the shutdown of shipping through the Strait of Hormuz . Brent crude climbed about $2 to roughly $105 a barrel ( CO1:COM ) in early trading after gaining nearly $3 in the previous session. U.S. benchmark West Texas Intermediate ( CL1:COM ) also advanced, rising about $1.60 to just above $100 a barrel. Both oil benchmarks have surged more than 40% this month, reaching their highest levels since 2022, after fighting between U.S.-Israeli forces and Iran disrupted one of the world’s most important energy corridors. The Strait of Hormuz normally carries roughly one-fifth of global oil shipments. Tensions escalated further over the weekend after Donald Trump warned of additional strikes against Kharg Island , Iran’s primary oil export hub, following U.S. attacks on military targets. Iranian officials responded by threatening more retaliation. Shortly after those strikes, drones targeted an oil facility in Fujairah in the United Arab Emirates , briefly interrupting loading operations at the major export terminal. While shipments later resumed, it remained unclear whether activity had fully returned to normal. Fujairah serves as a key export outlet for the UAE’s Murban crude, handling about 1 million barrels a day, roughly 1% of global oil demand. Analysts warn that further escalation could significantly increase risks to energy infrastructure in the region, Reuters reported. Erik Meyersson, an analyst at SEB , said potential U.S. military options under discussion including operations targeting Iranian nuclear sites or efforts to secure the Strait of Hormuz could raise geopolitical risks even further. At the same time, the International Energy Agency said more than 400 million barrels of emergency oil reserves from member countries will soon begin entering global markets in an attempt to ease supply shortage...

Key Points TQQQ and SPXL both use daily 3x leverage but track different indexes, leading to different sector exposures and performance patterns. TQQQ posted a higher one-year return but experienced a deeper five-year drawdown compared to SPXL. Both funds feature very high liquidity for active traders. 10 stocks we like better than Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3x Shares › The ProShares - UltraPro QQQ (NASDAQ:TQQQ) and the Direxion Daily S&P 500 Bull 3X ETF (NYSEMKT:SPXL) are both designed for aggressive traders seeking amplified daily moves, but their underlying benchmarks create meaningful differences. This comparison details where costs, returns, risk, and portfolio structure diverge. Snapshot (cost & size) Metric TQQQ SPXL Issuer ProShares Direxion Expense ratio 0.82% 0.84% 1-yr return (as of March 15, 2026) 48.42% 36.92% Dividend yield 0.69% 0.69% Beta (5Y monthly) 3.59 3.09 AUM $27.3 billion $5.6 billion With identical dividend yields and very similar expense ratios, neither ETF has a strong advantage over the other. However, because leveraged ETFs like TQQQ and SPXL are typically short-term investments, factors like fees and dividend income may not make a substantial difference for most investors anyway. Performance & risk comparison Metric TQQQ SPXL Max drawdown (5 y) -81.65% -63.80% Growth of $1,000 over 5 years $2,075 $2,367 What's inside SPXL tracks the S&P 500 with daily 3x leverage. It holds just over 500 positions, with top equity allocations to Nvidia, Apple, and Microsoft. TQQQ, by contrast, follows the Nasdaq-100 and is heavily tilted toward technology. It holds only 101 stocks, and its portfolio is dominated by mega-cap tech giants like Nvidia and Apple. Like SPXL, it resets its leverage daily, which may lead to performance drift over time. For more guidance on ETF investing, check out the full guide at this link. What this means for investors Leveraged ETFs can be lucrative, but they also carry more risk. Both of these fun...

In this article Follow your favorite stocks CREATE FREE ACCOUNT A screen displays Nikkei 225 Stock Average inside the Kabuto One building in Tokyo, Japan, on Monday, Feb. 9, 2026. Japanese stocks surged to fresh record highs, while bonds dropped, after Prime Minister Sanae Takaichi's Liberal Democratic Party secured a landslide victory. Photographer: Kiyoshi Ota/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were set to mostly decline Monday as investors continued to monitor elevated oil prices and the latest developments in the escalating U.S.-Iran conflict. U.S. crude prices topped $100 per barrel as the Trump administration weighed military strikes on Tehran's Kharg Island, a strategically vital hub often referred to as Iran's "oil lifeline." U.S. crude oil rose 2.64% to $101.32 per barrel by 6:15 p.m. ET. Brent prices, the international benchmark, were up 2.94% to $106.17 per barrel. President Donald Trump on Friday ordered strikes against Iranian military assets on Kharg Island and warned of further attacks on crude facilities located there. Mike Waltz, the U.S. ambassador to the United Nations, repeated the warning Sunday. Australia's S&P/ASX 200 declined 0.31% in early trade. Japan's Nikkei 225 was poised to fall, with the Chicago contract at 53,305 and the futures contract in Osaka at 52,910 compared with the index's previous close of 53,819.61. However, Hong Kong's Hang Seng index was set to open higher, with the futures contract at 25,481, compared with the index's last close of 25,465.6. Stock Chart Icon Stock chart icon Goldman Sachs estimates that the surge in energy prices stemming from the war in Iran could shave about 0.3% off global GDP over the next year, while pushing headline inflation higher by roughly 0.5% to 0.6%. Higher natural gas prices are expected to add further inflationary pressure and growth headwinds, particularly in Europe and Asia, with risks skewed toward larger impacts if the Strait of Hormuz ...

今天白天（3月16日）北京阵风明显，将达五级。昼夜温差大，最高气温15℃，最低气温2℃。明天傍晚至前半夜西部、北部地区有小雨，山区有雨夹雪。在冷空气影响过后，上周末北京晴朗天气上线，气温回升，昨天最高气温升至15.1℃。今天，北京阵风明显，昼夜温差大。北京市气象台预计，今天白天多云转晴，北风一级转南风三级左右，阵风五级，最高气温15℃；夜间晴转多云，南转北风一二级，最低气温2℃。明天，受冷空气影响，傍晚至前半夜北京西部、北部地区有小雨，山区有雨夹雪，最高气温13℃。雨后有3、4级偏北风，阵风6级左右。气象部门提醒，今天白天北京阵风明显，大家注意防风，谨防高空坠物；昼夜温差较大，需适时调整着装。（央视新闻）

文章提及标的 原油 -- 美原油 -- WTI原油日内转跌，盘初涨近3%。

Richard L. Gelfond, Chief Executive Officer of IMAX (IMAX 0.57%), reported the sale of 121,220 common shares for proceeds of approximately ~$4.86 million on March 10, 2026, according to a SEC Form 4 filing. Transaction summary Metric Value Shares sold (direct) 121,220 Transaction value ~$4.9 million Post-transaction shares (direct) 765,002 Post-transaction value (direct ownership) ~$30.4 million Transaction value based on SEC Form 4 weighted average purchase price ($40.10); post-transaction value based on March 10, 2026 market close ($39.71). Key questions How does this sale compare to Richard Gelfond's historical selling activity? The 121,220-share sale exceeds the median size of Gelfond’s prior sell transactions (100,000 shares). The 121,220-share sale exceeds the median size of Gelfond’s prior sell transactions (100,000 shares). What is the context for the derivative conversion in this transaction? All shares sold were obtained through option exercise immediately prior to sale, reflecting the conversion of derivative securities. All shares sold were obtained through option exercise immediately prior to sale, reflecting the conversion of derivative securities. Does this transaction materially alter Gelfond's overall exposure to IMAX? While direct holdings decreased, Gelfond continues to hold 1,697,475 outstanding options, 231,562 restricted share units and 765,002 common shares, maintaining significant exposure to the company. While direct holdings decreased, Gelfond continues to hold 1,697,475 outstanding options, 231,562 restricted share units and 765,002 common shares, maintaining significant exposure to the company. How does the transaction price relate to recent market performance? The weighted average sale price of around $40.10 per share was just above the market close of $39.71 on March 10, 2026, and follows a one-year total return of 58.09% for the stock as of the transaction date. Company overview Metric Value Revenue (TTM) $410.21 million Net income (TT...

Key Points Solas Capital Management added 460,619 shares of PRMB in the fourth quarter. The quarter-end position value increased by $7.53 million as a result. PRMB now accounts for 4.27% of fund AUM. 10 stocks we like better than Primo Brands › On February 17, 2026, Solas Capital Management disclosed a new position in Primo Brands Corporation (NYSE:PRMB), acquiring 460,619 shares in the fourth quarter. What happened Solas Capital Management disclosed in a Securities and Exchange Commission (SEC) filing dated February 17, 2026, that it acquired 460,619 shares of Primo Brands Corporation in the fourth quarter. The fund’s quarter-end position in PRMB was valued at $7.53 million, marking the establishment of this new stake. What else to know This was a new position for Solas Capital Management, LLC; PRMB represented 4.27% of 13F reportable AUM after the trade. Top holdings after the filing: NASDAQ: FENC: $19.72 million (11.2% of AUM) NASDAQ: EPSN: $16.45 million (9.3% of AUM) NYSE: SNDA: $14.86 million (8.4% of AUM) NASDAQ: ACOG: $12.79 million (7.3% of AUM) NYSE: MOH: $11.86 million (6.7% of AUM) As of Friday, shares of PRMB were priced at $20.76, down 33.5% over the past year and well underperforming the S&P 500’s roughly 20% gain in the same period. Company overview Metric Value Price (as of Friday) $20.76 Market capitalization $7.6 billion Revenue (TTM) $6.66 billion Net income (TTM) ($60.1 million) Company snapshot Primo Brands Corporation offers bottled water, purified and spring water, sparkling and flavored water, mineral water, water dispensers, filtration equipment, and coffee under multiple regional and international brands. The firm operates a direct-to-consumer and business delivery model, generating revenue primarily through recurring water sales, equipment rentals, and related services in North America and Europe. It serves residential consumers, small and medium-sized businesses, as well as regional and national corporate clients and retailers. Primo Bra...

运营着全球最大单体铝冶炼厂的巴林铝业已开始分阶段停产，以节省原材料储备。该公司表示，已启动三条生产线的停产程序。这三条生产线共占其年总产能（160万吨）的19%。与中东其他铝冶炼厂一样，由于霍尔木兹海峡的海运陷入停滞，这家国有控股公司面临着成品金属无法外运、氧化铝原料无法运入的双重困境。 中信证券研报称，伊以冲突再起，中东区域铝业产能、航运能力和能源供给风险显著抬头。后续中东区域铝产业链生产扰动乃至海外二次能源危机风险不容忽视。复盘2021—2022年能源危机，铝价和板块最大涨幅达到60%/100%。展望后市，铝产业链供给担忧升温或将导致价格上涨超出中信证券此前预期。叠加铝业中长期供需逻辑维持强势，持续看好铝板块价格估值齐升行情。 据财联社主题库显示，相关上市公司中： 云铝股份 是国内绿色水电铝领域绝对龙头，具备铝土矿到铝加工的全产业链布局，目前已形成的电解铝产能为305万吨。 天山铝业 已构建起从铝土矿、氧化铝、预焙阳极、自备电力，到电解铝、高纯铝及铝深加工产品的完整产业链闭环。公司电解铝合规批复产能140万吨/年。

格隆汇3月16日｜WTI原油转跌，盘初一度涨近3%。

3月16日出版的第6期《求是》杂志将发表重要文章《推动海洋经济高质量发展》。文章强调，我国经略海洋、开发海洋历史悠久。新中国成立后，我们有序开发利用海洋。改革开放后，我国海洋经济进入加快发展期。推进中国式现代化，必须高效开发利用海洋，推动海洋经济高质量发展，走出一条具有中国特色的向海图强之路。 2025年政府工作报告首次将“深海科技”列为新兴产业重点发展领域，与商业航天及低空经济并列，明确提出推动其“安全健康发展”。西部证券郑宏达认为，政策表述从2021年的“深海工程”、2023年的“深海深地探测”逐步演进至2025年的“深海科技”，愈加覆盖深海探测、资源开发、装备制造等全产业链技术体系。这一政策升级亦标志着深海科技从科研探索向产业化应用的战略转型，未来深海科技将成为培育新质生产力的重要引擎。 据财联社主题库显示，相关上市公司中： 海兰信 引领的海底数据中心产业在商业化进程上取得重要突破。临港海底数据中心项目总投资16亿元，建设总规模24MW，分两期建设，将打造全国首个海上风电融合型数据中心。 巨力索具 现已成为我国规模大、品种全的索具制造商，拥有10大系列产品线（软索具、金属索具），覆盖海洋工程、电力装备、桥梁工程、传统工业行业等核心领域。

格隆汇3月16日｜中国央行公开市场本周将有1765亿元逆回购到期。其中，周一至周五分别到期485亿元、395亿元、265亿元、245亿元、375亿元。

近日，2026氢能产业大会暨四川省氢能产业链供需对接会在成都举行。会上，四川省经济和信息化厅发布十大氢能应用场景。 华泰证券研报称，2026年政府工作报告提出“培育氢能、绿色燃料等新增长点”，“十五五”规划亦将氢能提升至“未来产业”战略高度，此外全球船运、航空碳排管控政策亦逐步收紧，海内外政策共振下氢能或迎来非线性增长拐点。看好绿氢需求放量下，国内项目运营商、氢氨醇设备供应商、电解槽供应商有望受益。 据财联社主题库显示，相关上市公司中： 美锦能源 当前专注于煤焦化工与氢能两大主业，围绕“煤—焦—气—化—氢”一体化产业链有序开展相关业务布局。 锡装股份 表示，以核能、氢能、太阳能为代表的新能源领域是公司产品和技术重要的拓展方向，公司积极开展有利于公司和业务发展的各类合作。

当地时间3月15日，以色列总理内塔尼亚胡的办公室发布了一段据称内容为“内塔尼亚胡在耶路撒冷郊区一家咖啡馆喝咖啡并与助手聊天”的视频，以回应此前网络上关于“内塔尼亚胡死亡或受伤”的传言。2月28日美国与以色列联合对伊朗展开大规模空袭后，内塔尼亚胡的视频基本均由他的办公室发布。他在战争爆发后的首次新闻发布会于3月12日以视频连线方式召开，相关画面在社交媒体引发“是否为人工智能（885728）合成视频”的争议。(CCTV国际时讯)

Sinner, who had his Australian Open title defence ended by Djokovic in a thrilling five-set semi-final in January, also extends his head-to-head record against Medvedev, having won nine of their past 10 meetings. The Italian did not face a break point against Medvedev and only lost four points behind his first serve. He did not drop a set on his way to claiming his first title of the year and a 25th overall. Despite the loss, Medvedev will re-enter the top 10 when the rankings are updated on Monday. The former US Open champion almost missed the tournament, having been stuck in Dubai because of the ongoing conflict in the Middle East. After arriving in the USA, Medvedev showed why he was previously at the top of the men's game, with a fine semi-final victory over world number one Carlos Alcaraz. However, it was Sinner who edged the tight moments on Sunday, helped by his imperious serve. Sinner won 43 of 47 first-serve points, hit 10 aces and won 60% of points behind his second serve to remain in control of the match. Medvedev saved the only two break points of the final and came close to forcing a third set when he went 4-0 up in the tie-break. However, Sinner reeled off seven points in a row to close out the match and win back-to-back Masters 1,000 titles without dropping a set. Elsewhere, world number three Djokovic has withdrawn from this week's Miami Open with injury. The Serb great has won the title six times and finished runner-up to Jakub Mensik last year. However, the 24-time Grand Slam champion said a right shoulder injury had stopped him competing at the hard-court event, which begins on Monday.

中手游預期去年度虧損減少，蝕不超過15億元人民幣，相對上一年度蝕21億元人民幣，主要由於非經營性其他開支由17億元人民幣，減至11億元人民幣。 另外，期內投資環境有所改善，以公平值計量的金融資產公平值虧損亦減少。

Oil prices slide 3% as some ships transit Strait of Hormuz Reuters

金斯瑞生物科技上年度業績轉盈為虧，蝕5.32億美元，上一年賺29億美元，主要由於應佔傳奇集團虧損，以及對傳奇集團投資減值。 期內經調整純利達2.3億美元，按年增長逾2.8倍。收入增長六成一，至接近9.6億美元。

Camille Loyo Faria has stepped down from her role as chief financial officer at Oncoclinicas do Brasil Servicos Medicos SA , according to a person familiar with the matter. The departure comes as the company explores a potential transaction with insurance company Porto Seguro SA , a deal that Faria opposed, according to the person. Faria declined to comment. Earlier this week, the insurer said in a filing that it is studying a potential investment in Oncoclinicas, but no binding agreement has been signed. The communication came after local media report that Porto Seguro signed a memorandum of understanding to invest about 1 billion reais ($200 million) in Oncoclinicas. Under the proposal, Oncoclinicas would separate roughly 200 clinics into a subsidiary in which Porto Saude, a Porto Seguro unit, would take a stake.

格隆汇3月16日｜中信建投研报指出，两会释放提振消费强信号，扩大内需被列为26年经济工作的首要任务，扩大优质消费品和服务供给，政府工作报告强调“激发下沉市场消费活力”、消费品以旧换新政策接续实施并加力扩容，关注核心消费资产的底部配置机会，零售连锁变革符合内需政策方向。2026年3月13日，茅台落地多款核心个性化非标产品代售政策，系其多维运营模式落地关键举措。产品所有权归茅台，经销商缴保证金参与，交易走i茅台平台，盈利改赚5%固定服务费。茅台设考核机制倒逼动销，线上线下联动，此举夯实其To C转型，也重塑白酒渠道生态。输入型通胀压力下，关注涨价链受益标的，看好上游牧场，下半年肉奶共振可期，牛肉价格持续上涨。部分量贩门店反馈1-2月同店近双位数增长，整体表现超预期，量贩零食当下处于竞争格局改善和利润释放期，26年单店提升可期，强推零售连锁变革的投资机会。

格隆汇3月16日｜据媒体，随着中国汽车制造商比亚迪在拉美业务扩张，该公司高管周五表示，其旗下巴西工厂已获得总计10万辆面向阿根廷和墨西哥的出口订单。比亚迪美洲区负责人Stella Li在里约热内卢的一场活动上表示，这批订单中阿根廷和墨西哥各占5万辆。位于巴伊亚州东北部的卡马萨里(Camaçari )工厂年产能为15万辆，计划分阶段扩产至60万辆。该工厂生产插电式混合动力和纯电动车型，包括海豚Mini、King和宋Pro等车型。

女籃世界盃資格賽 中國贏捷克10分 提前鎖定決賽周入場券 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】武漢舉行的女籃世界盃資格賽A組，中國贏捷克10分，提前鎖定決賽周入場券。 紅衫中國落後下打出11比2，完首節反先5分。同組的巴西擊敗馬里，中國賽前已鎖定決賽周資格。李月汝突破上籃，一度拉開14分差距。換邊後被捷克力追，施賀娃貢獻最高23分、13籃板，第四節一度收窄至兩分差距。 同樣4人得分雙位數的中國，有王思雨挺身而出，射入關鍵三分拉開，單節獨取9分，全場有14分，帶領中國贏84比74。

Key Points Solas Capital Management acquired 73,494 shares of Euronet Worldwide in the fourth quarter. The quarter-end position value increased by $5.59 million as a result of the new position. The new holding represents 3.17% of fund AUM, which places it outside the fund's top five holdings. 10 stocks we like better than Euronet Worldwide › On February 17, 2026, Solas Capital Management disclosed a new position in Euronet Worldwide (NASDAQ:EEFT), acquiring 73,494 shares in the fourth quarter. The shares were worth $5.59 million at quarter’s end. What happened According to a Securities and Exchange Commission (SEC) filing dated February 17, 2026, Solas Capital Management established a new stake in Euronet Worldwide, acquiring 73,494 shares. The quarter-end value of the position stood at $5.59 million. What else to know This was a new position in Euronet Worldwide, representing 3.17% of Solas Capital Management, LLC’s 13F reportable AUM after the filing. Top holdings after the filing included: NASDAQ: FENC: $19.72 million (11.2% of AUM) NASDAQ: EPSN: $16.45 million (9.3% of AUM) NYSE: SNDA: $14.86 million (8.4% of AUM) NASDAQ: ACOG: $12.79 million (7.3% of AUM) NYSE: MOH: $11.86 million (6.7% of AUM) As of Friday, shares of Euronet Worldwide were priced at $71.13, down 30% over the prior year and vastly underperforming the S&P 500’s roughly 20% gain in the same period. Company overview Metric Value Market capitalization $3 billion Revenue (TTM) $4.24 billion Net income (TTM) $309.5 million Price (as of Friday) $71.13 Company snapshot Euronet Worldwide delivers payment and transaction processing solutions, including ATM and POS services, prepaid mobile airtime, electronic payment products, and global money transfer services. The company generates revenue primarily through transaction fees from its ATM/POS network, prepaid product distribution, and money transfer operations across a global footprint. Its main customers include financial institutions, retailers, merchan...