78image/iStock via Getty Images The following segment was excerpted from the PGIM Jennison Financial Services Fund Q4 2025 Commentary. Quarter The PGIM Jennison Financial Services Fund advanced and outperformed the 2.0% return of the S&P Composite 1500 Financials index for the quarter. Relative outperformance was largely driven by security selection within financial services (especially an overwei...
78image/iStock via Getty Images The following segment was excerpted from the PGIM Jennison Financial Services Fund Q4 2025 Commentary. Quarter The PGIM Jennison Financial Services Fund advanced and outperformed the 2.0% return of the S&P Composite 1500 Financials index for the quarter. Relative outperformance was largely driven by security selection within financial services (especially an overweight to Apollo Global Management), capital markets (led by an overweight in Goldman Sachs and an out of index position in Marex Group), and insurance driven by overweights to Chubb Limited, Lincoln National, and RenaissanceRe Holdings. On the downside, security selection within banks and out of index exposure to information technology and consumer discretionary detracted the most from relative results during the quarter. Key Contributors Goldman Sachs ( GS ) Chubb Limited ( CB ) Bank of America ( BAC ) Goldman Sachs has a strong capital base and leading global positions in investment banking, capital markets, trading, and asset management. It is a business with broad reach and durable competitive advantages across multiple product lines. Additionally, we favor their risk management capabilities and seasoned management team. The company reported strong results for the 3rd quarter, and we continue to believe that Goldman Sachs will be a major beneficiary of corporate restructurings and Mergers and Acquisitions (M&A) activity, along with favorable credit trends. Chubb Limited is a global provider of insurance products covering property and casualty, accident and health, reinsurance, and life insurance, and is the largest publicly traded property and casualty company in the world. The company operates in 55 countries and is a best-in-class operator with discipline around pricing and underwriting. The company reported another solid fundamental quarter, which led to the stock bouncing back from a weak 2nd quarter. Bank of America is a financial institution, serving individual cons...
Key Points This list is based on what retirees tell The Motley Fool they're looking for in a retirement spot. There's no single location that's right for everyone. Home to the oldest city in the U.S., Florida offers a little of everything. The $23,760 Social Security bonus most retirees completely overlook › Recently, The Motley Fool surveyed 2,000 retired Americans, with the goal of learning what...
Key Points This list is based on what retirees tell The Motley Fool they're looking for in a retirement spot. There's no single location that's right for everyone. Home to the oldest city in the U.S., Florida offers a little of everything. The $23,760 Social Security bonus most retirees completely overlook › Recently, The Motley Fool surveyed 2,000 retired Americans, with the goal of learning what matters most to them in retirement. Here's what emerged as retirees' top preferences: quality of life (31%) healthcare access and quality (15%) housing affordability (13%) crime and safety (12%) weather and climate (12%) state and local taxes (11%) non-housing affordability (6%) While there's no single spot that's perfect for all retirees, The Motley Fool's 2026 Best Places to Retire report reflects the qualities most desired. Here are the top three spots, which are all in Florida. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » 1. Fort Lauderdale, Broward County, Florida Total retirement score: 64/100 Often referred to as the Venice of America, the city enjoys an average of 246 days of sunshine each year. With long stretches of waterfront, including boating canals and the Atlantic Ocean, it's a draw for water-lovers from around the world. What's to love: Even if you're not into long days under an umbrella on the beach, paddleboarding, or walks in the warm sun, you don't have to worry about shoveling snow. While you'll have plenty of cultural activities to enjoy, Fort Lauderdale has a laid-back vibe, perfect for chilling. Plus, there's no state income tax. Potential challenges: Housing and property tax costs in Fort Lauderdale tend to be on the high side, and crime rates are higher than in other South Florida cities. If you're not into tourists, you may need to find some of Fort Lauderdale's less "touris...
Sanlam Ltd. sounded the alarm about the impact of a protracted war in the Middle East, with Africa’s biggest insurer saying the conflict could have a “massive” impact on its performance. The escalating tensions will hurt earnings of the firm with operations in 27 nations “very directly” as investor flight hits global equity markets and as rising fuel prices trigger inflationary pressure, which wil...
Sanlam Ltd. sounded the alarm about the impact of a protracted war in the Middle East, with Africa’s biggest insurer saying the conflict could have a “massive” impact on its performance. The escalating tensions will hurt earnings of the firm with operations in 27 nations “very directly” as investor flight hits global equity markets and as rising fuel prices trigger inflationary pressure, which will result in higher borrowing costs, Sanlam Chief Executive Officer Paul Hanratty said. “You impact consumers everywhere with higher prices and higher interest rates, which is going to reduce new business coming in,” he said. Besides jolting energy and financial markets, the conflict that began on Feb. 28 has caused thousands of flight cancellations and disrupted the flow of goods. The International Energy Agency said the war in the Middle East is creating the largest supply disruption in the history of the global oil market. Most global equity gauges have dropped in the period, with South Africa ’s benchmark falling 12% in dollar terms, making it the fifth-worst performer among measures tracked by Bloomberg. The decline will reduce assets under management, which Sanlam earns fees on, “so it’ll hurt the earnings very directly,” Hanratty said. The rising uncertainty is raising bond-yield sensitivity, potentially triggering greater risk aversion among investors, driving them to prioritize holding capital over investing, which would also hurt Sanlam’s profit. Read more: Sanlam Profit Drops as Top Africa Insurer Cuts Allianz JV Stake It may also threaten deals such as the purchase by Japan’s largest lender, Mitsubishi UFJ Financial Group Inc., of a minority stake in Indian shadow lender Shriram Finance Ltd. for about $4.3 billion. Sanlam has partnered with Shriram since 2005. MUFG said the investment would help establish a business foundation in India’s retail and small-business markets and capture the growing domestic demand. Shriram, India’s second-biggest non-bank lender, ope...
Incannex Healthcare ( IXHL ) said on Thursday it entered into a securities purchase agreement with institutional investors to sell 2M shares and warrants to buy up to 2M shares at a combined price of $5.00 per share. The offering is expected to raise about $10M in gross proceeds, with total potential proceeds of up to $23M if warrants are fully exercised. The offering is expected to close on or ab...
Incannex Healthcare ( IXHL ) said on Thursday it entered into a securities purchase agreement with institutional investors to sell 2M shares and warrants to buy up to 2M shares at a combined price of $5.00 per share. The offering is expected to raise about $10M in gross proceeds, with total potential proceeds of up to $23M if warrants are fully exercised. The offering is expected to close on or about March 13, 2026. The proceeds from the offering are expected to fund completion of the Phase 2 DReAMzz study for IHL-42X, while existing cash will support Phase 3 development planned for the second half of 2027. The warrants will be immediately exercisable at $6.50 per share and expire on March 13, 2031, while common stock equivalents carry a $0.0001 exercise price and remain exercisable until fully exercised. The net proceeds will be used for working capital, including R&D, clinical trials, and general corporate purposes. Curvature Securities LLC is acting as the sole placement agent. Shares +19.16%. More on Incannex Healthcare Incannex to effect 1-for-30 reverse stock split to regain Nasdaq compliance Historical earnings data for Incannex Healthcare Financial information for Incannex Healthcare
WASHINGTON (AP) — U.S. applications for unemployment benefits inched down modestly last week as layoffs remain at historically healthy levels despite a weakening job market. The number of Americans filing for jobless aid for the week ending March 7 fell by 1,000 to 213,000 the previous week, the Labor Department reported Thursday. Analysts surveyed by the data firm FactSet forecast 215,000 new ben...
WASHINGTON (AP) — U.S. applications for unemployment benefits inched down modestly last week as layoffs remain at historically healthy levels despite a weakening job market. The number of Americans filing for jobless aid for the week ending March 7 fell by 1,000 to 213,000 the previous week, the Labor Department reported Thursday. Analysts surveyed by the data firm FactSet forecast 215,000 new benefit applications. Filings for unemployment benefits are viewed as a proxy for U.S. layoffs and are close to a real-time indicator of the health of the job market. While weekly layoffs have remained in a historically low range mostly between 200,000 and 250,000 for the past few years, a number of high-profile companies have announced job cuts recently, including Morgan Stanley,Block, UPSand Amazon in recent weeks. Last week, the Labor Department reported that U.S. employers unexpectedly cut 92,000 jobs in February, a sign that the labor market remains under strain. Economists had expected 60,000 new jobs in February. Revisions also slashed 69,000 jobs from December and January payrolls, nudging the unemployment rate up to 4.4%. The Labor Department also recently reported that job openings fell in December to the lowest level in more than five years. Its January report comes next week. For now, the U.S. job market appears stuck in what economists call a “low-hire, low-fire” state that has kept the unemployment rate historically low, but has left those out of work struggling to find a new job. Data over the past year has broadly revealed a labor market in which hiring has clearly slowed, hobbled by uncertainty stoked by President Donald Trump’s tariffs and the lingering effects of the high interest rates the Federal Reserve engineered in 2022 and 2023 to tamp down a spike of pandemic-induced inflation. Adding to the uncertainty is the war in Iran, which has sent oil prices 25% higher in less than two weeks. This comes at a time when inflation was already relatively high in th...
Not sure about you, but I'm still wrapping my head around the nuances of AMD's FSR 4 and FSR Redstone upscaling platforms. But never mind, because here comes a whole new one, FSR Diamond, announced yesterday by AMD's consumer computing boss, Jack Huynh. Ostensibly, this one is specifically for Xbox rather than the PC. But the lines around Microsoft's definition of Xbox are growing ever more blurre...
Not sure about you, but I'm still wrapping my head around the nuances of AMD's FSR 4 and FSR Redstone upscaling platforms. But never mind, because here comes a whole new one, FSR Diamond, announced yesterday by AMD's consumer computing boss, Jack Huynh. Ostensibly, this one is specifically for Xbox rather than the PC. But the lines around Microsoft's definition of Xbox are growing ever more blurred. So, that might not mean quite what it seems. For now, we just have Huynh's post on X when it comes to FSR Diamond, but there actually a fair few details therein. He says FSR Diamond is part of Project Helix, AMD and Microsoft's "multi-year deep co-engineering partnership driving next-gen performance, breakthrough graphics, and compatibility with your existing Xbox game library." Put another way, Project Helix is the next Xbox. 🚀 Big moment for the future of gaming.Thrilled to partner with @Xbox and @asha_shar on Project Helix, a multi-year deep co-engineering partnership driving next-gen performance, breakthrough graphics, and compatibility with your existing Xbox game library.Powering the… pic.twitter.com/twGyonqgQSMarch 11, 2026 But, immediately, the wording feels like it's leaving the door open for all kinds of "Xbox" gaming, not just strictly console gaming. Either way, AI is inevitably set to play a big role in this new FSR Diamond generation of upscaling. Next-gen neural rendering, next-gen ML-based upscaling, and new ML-based multi-frame generation are all name-checked by Huynh. Article continues below The final major detail is "next-gen Ray Regeneration for RT & Path Tracing." Again, that's pretty much what you'd expect and means FSR Diamond ticks all the expected boxes for next-gen upscaling, albeit it's very much been Nvidia, not AMD, setting the tone with its DLSS upscaling over recent years and AMD playing catch up. The immediate questions are where this leaves AMD's FSR Redstone, what it means for the PC more broadly and what GPUs will end up being compatibl...
Antelope Enterprise Holdings ( AEHL ) on Thursday said it has received written notification from Nasdaq confirming that the company has regained compliance with listing rules. On January 12, 2026, Nasdaq notified the company that it was no longer in compliance with the periodic filing requirement. Following the company’s filing of its interim financial statements for the six-month period ended Jun...
Antelope Enterprise Holdings ( AEHL ) on Thursday said it has received written notification from Nasdaq confirming that the company has regained compliance with listing rules. On January 12, 2026, Nasdaq notified the company that it was no longer in compliance with the periodic filing requirement. Following the company’s filing of its interim financial statements for the six-month period ended June 30, 2025, on February 13, 2026, Nasdaq determined that the company complies with the rule. The matter is now closed. AEHL -2.69% premarket to $2.17. Source: Press Release More on Antelope Enterprise Holdings Antelope Enterprise receives Nasdaq notice over late interim filing Financial information for Antelope Enterprise Holdings
Yet even among those who still favour military action, some question the promises made by Trump, who told Iranians in a message after the war began: "When we are finished, take over your government. It will be yours to take. This will be probably your only chance for generations."
Yet even among those who still favour military action, some question the promises made by Trump, who told Iranians in a message after the war began: "When we are finished, take over your government. It will be yours to take. This will be probably your only chance for generations."
(RTTNews) - The UK stock market is down in negative territory around early afternoon on Thursday, weighed down largely by losses in the banking sector. Travel-related stocks are weak as well, amid rising concerns about growth due to deepening tensions in the Middle East. The benchmark FTSE 100 was down 40.10 points or 0.39% at 10,313.67 a few minutes ago. HSBC Holdings is down more than 6%. Barcla...
(RTTNews) - The UK stock market is down in negative territory around early afternoon on Thursday, weighed down largely by losses in the banking sector. Travel-related stocks are weak as well, amid rising concerns about growth due to deepening tensions in the Middle East. The benchmark FTSE 100 was down 40.10 points or 0.39% at 10,313.67 a few minutes ago. HSBC Holdings is down more than 6%. Barclays is down 3.1% and Standard Chartered is declining by about 2.8%, while Lloyds Banking Group is lower by about 2.3% and Natwest Bank is losing 1.4%. Persimmon, which had a few strong outings earlier this week, is down 3.6%. Aviation stocks Easyjet and IAG are down 3.3% and 3%, respectively, weighed down by higher fuel prices. M&G is down nearly 3%. M&G reported full year 2025 IFRS profit after tax of 314 million pounds compared to a loss of 347 million pounds, prior year, mainly driven by improved short-term fluctuations in investment returns and reduced mismatches arising on application of IFRS 17. Schroders, LondonMetric Property, Tritax Big Box REIT, Segro, Diageo, Barratt Redrow, Antofagasta and Informa are also notably lower. Shares of travel operator On the Beach Group are down nearly 10% after the company withdrew its guidance due to Middle East-related travel market disruption. Rentokil Initial is climbing up more than 4%. BAE Systems is rising 3.1%, while Airtel Africa, Babcock International, Haleon, Sainsbury (J), Pearson, Bunzl, Tesco, SSE, The Sage Group, Rio Tinto, Rolls-Royce Holdings, Glencore and Games Workshop are gaining 1%-2.3%. UK housing market confidence remained fragile and forward-looking sentiment turned more cautious amid the escalation of conflict in the Middle East, the Residential Market Survey results from the Royal Institution of Chartered Surveyors showed. The headline house price balance fell unexpectedly to -12% from -10% in January. The balance was expected to improve to -9%. The views and opinions expressed herein are the views and opini...
Max Verstappen has once more expressed his discontent with the new Formula One regulations. Amid a clamour of unhappiness from many drivers, the four-time champion also reiterated his warning that he would leave the sport if he ceased to enjoy it, which is clearly the case at the moment. After the first round of the season in Melbourne last week, Verstappen showed disdain for how the new rules had...
Max Verstappen has once more expressed his discontent with the new Formula One regulations. Amid a clamour of unhappiness from many drivers, the four-time champion also reiterated his warning that he would leave the sport if he ceased to enjoy it, which is clearly the case at the moment. After the first round of the season in Melbourne last week, Verstappen showed disdain for how the new rules had affected driving, and speaking before this weekend’s Chinese Grand Prix, he belittled the new formula with another reference to the videogame Mario Kart, which has swiftly become a go-to reference across the grid. A drivers’ meeting to discuss the new regulations, originally planned for after the Japanese Grand Prix at the end of the month, has now been brought forward to take place after this weekend’s race, the Guardian understands. When asked if time on the simulator could improve the energy management techniques that are now a crucial element of racing, Verstappen quipped: “I found a cheaper solution. I swapped the simulator for my Nintendo Switch and practising a bit of Mario Kart actually. Finding the mushrooms is going quite well. The blue shell is a bit more difficult but I’m working on it. The rocket? Still not there.” The energy management is required by drivers because the new engines have an almost 50-50 split in power delivered by internal combustion and electrical energy. Maintaining and deploying the electrical energy requires techniques preventing drivers from attacking flat-out, slowing to harvest power and cornering at the optimum speed for recharging rather than on the limit of what might be possible according to grip and conditions. All of which Verstappen had previously derided as “anti-racing”. Verstappen finished sixth for Red Bull from a start in 20th at Albert Park behind a one-two win for the dominant Mercedes pair of George Russell and Kimi Antonelli. Mercedes are expected to repeat that form this weekend in Shanghai. Red Bull have some catching ...
It’s a new generation of investors that keep showing up to buy US equities at every pullback, according to Rick Wurster , chief executive officer of Charles Schwab Corp. Younger investors, particularly members of Generation Z, are entering the market earlier and trading more actively than other age groups, he said in a sit-down interview on Tuesday. The cohort is about 45% more likely to begin inv...
It’s a new generation of investors that keep showing up to buy US equities at every pullback, according to Rick Wurster , chief executive officer of Charles Schwab Corp. Younger investors, particularly members of Generation Z, are entering the market earlier and trading more actively than other age groups, he said in a sit-down interview on Tuesday. The cohort is about 45% more likely to begin investing by the age of 21 than millennials were at the same age, contributing to a sharp rise in trading activity on Schwab’s platform, according to Wurster. “We’ve seen younger investors really engage in the market,” the CEO said. ”We are the most followed financial company on YouTube and have strong engagement on TikTok and Instagram.” Roughly 33% of new retail households joining Schwab are under the age of 30, while one in six individual-investor clients are under 24 years old. They join a cohort of dip buyers that have so far been largely undaunted by a streak of market scares. War in the Middle East, swinging oil prices, and weak US jobs data have all rattled investors in the past week. Data from Bank of America Corp. out Wednesday showed historic inflows to single stocks from institutional and private clients alike: they shelled out a net $6.1 billion last week as the S&P 500 Index fell 2% over the five-day period — the 16th-largest ever inflow as a share of the gauge’s market capitalization. Individual investors have become an important source of stability as the group’s influence on Wall Street grows. “Retail investors have learned not to pay attention to the noise,” Wurster said from the sidelines of the Future Proof wealth management conference in Miami Beach, Florida. “They’re seeing the bigger picture.” In fourth-quarter earnings, Schwab reported a surge in average daily trading volume as retail investors sought to take advantage of the end of a strong year for the stock market. Read More: Schwab Trading Volume Swells to End Strong Year for Markets The recent dip-...
US Housing Starts Highest In Over A Year As Mortgage Rates Tumbled In January With mortgage rates tumbling (before the war started) and a top-down push for affordability, Housing Starts printed better than expected for January while the more forward-looking Building Permits disappointed, falling more than expected. Starts rose 7.2k in preliminary January data (far greater than the 4.5% MoM decline...
US Housing Starts Highest In Over A Year As Mortgage Rates Tumbled In January With mortgage rates tumbling (before the war started) and a top-down push for affordability, Housing Starts printed better than expected for January while the more forward-looking Building Permits disappointed, falling more than expected. Starts rose 7.2k in preliminary January data (far greater than the 4.5% MoM decline expected while Permits plunged 5.4% MoM (worse than the 3.1% decline expected)... Source: Bloomberg This pushed the SAAR totals for Starts to their highest since Dec 2024 , but Building Permits fell to their lowest since Aug 2025... Source: Bloomberg Under the hood, Multi-Family Permits plunged 13.5% MoM (biggest drop since June 2023) while Multi-Family Starts soared 29.1% MoM ... Source: Bloomberg The lowest mortgage rate since Aug 2022 likely helped spark homebuilder appetite to start building... A mixed bag overall, and tough to project given the impact of surging Treasury yields on the mortgage rates currently. Tyler Durden Thu, 03/12/2026 - 08:48