Nippon Steel Corp. shares slumped after the company said it planned to sell almost $4 billion of bonds to help fund the acquisition of United States Steel Corp. Shares of Japan’s biggest steelmaker fell as much as 5.3% after the open in Tokyo. The company is seeking 600 billion yen ($3.9 billion) from an upsized sale of convertible bonds to help repay bridge loans it took out for the US Steel purc...
Nippon Steel Corp. shares slumped after the company said it planned to sell almost $4 billion of bonds to help fund the acquisition of United States Steel Corp. Shares of Japan’s biggest steelmaker fell as much as 5.3% after the open in Tokyo. The company is seeking 600 billion yen ($3.9 billion) from an upsized sale of convertible bonds to help repay bridge loans it took out for the US Steel purchase. The debt sale is the largest of its kind ever in Japanese corporate history, Jefferies Japan analysts including Thanh Ha Pham said in a note on Tuesday. “We’d expect potential dilution and debt servicing costs to weigh on the stock,” they said. Read More: Nippon Steel Upsizes Bond Sale for US Steel Loan to $3.8 Billion Nippon Steel’s bridging loan of about 2 trillion yen is approaching maturity in June. The firm finalized the takeover last year after 18 months of negotiations that became entangled in American politics, and has plans to build a major new steel plant in the US. The outstanding balance on the bridging loan has been reduced to around 1.3 trillion yen, Chief Financial Officer Takahiko Iwai said in an interview last week, with repayments made using funds raised through yen-denominated hybrid loans and other instruments. The company’s total interest-bearing debt doubled to 5.3 trillion yen in December 2025 from March the same year.
Explanatory Note: The press release issued on the morning of February 24, 2026 included language regarding changes in customer order patterns and an intention to suspend quarterly guidance. This language was included in error. The Company hereby clarifies that it has not experienced recent changes in customer order patterns in any material respect. The Company also confirms that it is not suspendi...
Explanatory Note: The press release issued on the morning of February 24, 2026 included language regarding changes in customer order patterns and an intention to suspend quarterly guidance. This language was included in error. The Company hereby clarifies that it has not experienced recent changes in customer order patterns in any material respect. The Company also confirms that it is not suspending quarterly guidance, and intends to continue providing quarterly guidance consistent with its current practice. There are no other changes to the Company’s reported financial results.
Olga Kostrova /iStock via Getty Images After a brief period of rejoicing that tariffs on imported steel and aluminum under Section 232 would provide a much needed boost for U.S. steel manufacturers, the reality of political agendas meddling with investment decisions is now upon us. It appears that the impact of the tariffs would not be as straightforward as some investors anticipated, and recent e...
Olga Kostrova /iStock via Getty Images After a brief period of rejoicing that tariffs on imported steel and aluminum under Section 232 would provide a much needed boost for U.S. steel manufacturers, the reality of political agendas meddling with investment decisions is now upon us. It appears that the impact of the tariffs would not be as straightforward as some investors anticipated, and recent events highlight all the risk involved in such actions. Just recently the U.S. Supreme Court struck down the tariffs imposed by the U.S. President, suggesting that the federal government may be required to refund billions of dollars to importers who already paid. Seeking Alpha The share prices of the largest U.S. steel producers reacted accordingly to the news, and there are some very important lessons for investors. First and foremost, performance over the past 1-year (see the graph below) clearly illustrates why investors are better off sticking with high quality producers and steering away from companies that have adopted strategies that revolve around outcomes of certain political agendas. I talked about it last year in an article about Cleveland-Cliffs ( CLF ), where I explained in detail why excessive political risk is not worth taking when it comes to investing. In a more recent update , I also showed why the potential for high returns in 2026 is worth considering only by speculators and short-term traders. Contrary to CLF, share prices of Steel Dynamics ( STLD ) and Nucor ( NUE ) have seen significantly less volatility, both following the news of the Supreme Court's ruling and throughout the year. As we will see later on, in Nucor's case, this lower volatility is largely as a result of the company's ability to remain profitable even in a scenario where steel and aluminum tariffs undergo a major change - a case that has increased in probability in recent weeks. Data by YCharts One thing has now become clear, and it is that the fragile expectations of a recovery of the...
Just a month after surpassing the once-unthinkable 5,000 milestone, South Korea’s equity benchmark has crossed another threshold as a surge in global memory demand powers the country’s biggest chipmakers. The Kospi Index advanced as much as 1.2% to a record 6,039 early on Wednesday, with Samsung Electronics Co. up more than 2% and SK Hynix Inc gaining 1.4% before paring its rise. The benchmark is ...
Just a month after surpassing the once-unthinkable 5,000 milestone, South Korea’s equity benchmark has crossed another threshold as a surge in global memory demand powers the country’s biggest chipmakers. The Kospi Index advanced as much as 1.2% to a record 6,039 early on Wednesday, with Samsung Electronics Co. up more than 2% and SK Hynix Inc gaining 1.4% before paring its rise. The benchmark is now up 43% for 2026, building on last year’s 76% rally. Long dismissed as undervalued by foreign funds, Korean stocks have emerged as clear winners in the global market. The so-called “AI scare trade” has proven a boon for the country, where software stocks play only a minor role and hardware manufacturers have continued to drive the market higher. Policy initiatives to improve corporate governance have added further fuel to the rally. The latest gain was part of a global tech gain following Meta Platforms Inc.’s deal to buy chips and computers designed to run AI models from Advanced Micro Devices Inc., “The country continues to benefit from multiple structural tailwinds, with increasing scope for positive spillover from the memory super-cycle to the broader tech eco-system,” said Homin Lee , a senior macro strategist at Lombard Odier. “We still see meaningful upside potential for the index in next 12 months even if its path beyond the 6,000 mark proves a bit more volatile.” Read More: AI Craze Boosts South Korean Stock Index to 5,000 Milestone The US Supreme Court’s decision last week to strike down President Donald Trump’s reciprocal tariffs is also seen a tailwind. Tiffany Hsiao , portfolio manager at Matthews, expects “Korean exporters tied to US consumer demand — particularly in electronics and components — would benefit from any reduction in tariff uncertainty.” There are early signs that retail investors, who have traditionally favored US stocks over local ones, are returning home. Such a shift, if sustained, could drive the next leg of the rally. Read: A $77 Billion...
Lauren Goodwin, Economist and Chief Market Strategist at New York Life Investments, joins Bloomberg Businessweek Daily to discuss the state of the US economy and inflation, Federal Reserve monetary policy, and more. Goodwin also discusses the lack of clarity around tariff inflation passthrough and the continuous fluctuation of supply chains and policy, which can then impact consumers directly and ...
Lauren Goodwin, Economist and Chief Market Strategist at New York Life Investments, joins Bloomberg Businessweek Daily to discuss the state of the US economy and inflation, Federal Reserve monetary policy, and more. Goodwin also discusses the lack of clarity around tariff inflation passthrough and the continuous fluctuation of supply chains and policy, which can then impact consumers directly and indirectly. Goodwin speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
On February 17, 2026, Ancient Art, L.P. reported selling 700,000 shares of Frontier Group Holdings (NASDAQ:ULCC) , an estimated $3.10 million trade based on quarterly average pricing. According to a SEC filing dated February 17, 2026, Ancient Art, L.P. reduced its position in Frontier Group Holdings by 700,000 shares in the fourth quarter. The estimated value of the trade, based on the mean unadju...
On February 17, 2026, Ancient Art, L.P. reported selling 700,000 shares of Frontier Group Holdings (NASDAQ:ULCC) , an estimated $3.10 million trade based on quarterly average pricing. According to a SEC filing dated February 17, 2026, Ancient Art, L.P. reduced its position in Frontier Group Holdings by 700,000 shares in the fourth quarter. The estimated value of the trade, based on the mean unadjusted closing price for the quarter, was $3.10 million. The fund’s quarter-end position in the company was valued at $16.88 million, a net decrease of $2.03 million from the prior period. Ancient Art, L.P. remains a holder of Frontier Group Holdings after the sale, with the position accounting for 3.82% of the fund’s 13F assets under management. Continue reading
The urine of chimpanzees contains high levels of alcohol byproduct, most likely because the chimps regularly gorge themselves on fermented fruit, according to a new paper published in the journal Biology Letters. It's the latest evidence in support of a hotly debated theory regarding the evolutionary origins of human fondness for alcohol. As previously reported , in 2014, University of California,...
The urine of chimpanzees contains high levels of alcohol byproduct, most likely because the chimps regularly gorge themselves on fermented fruit, according to a new paper published in the journal Biology Letters. It's the latest evidence in support of a hotly debated theory regarding the evolutionary origins of human fondness for alcohol. As previously reported , in 2014, University of California, Berkeley (UCB) biologist Robert Dudley wrote a book called The Drunken Monkey: Why We Drink and Abuse Alcohol . His controversial “ drunken monkey hypothesis ” proposed that the human attraction to alcohol goes back about 18 million years, to the origin of the great apes, and that social communication and sharing food evolved to better identify the presence of fruit from a distance. At the time, skeptical scientists insisted that this was unlikely because chimpanzees and other primates just don’t eat fermented fruit or nectar. But reports of primates doing just that have grown over the ensuing two decades. Earlier this year, we reported that researchers had caught wild chimpanzees on camera engaging in what appears to be sharing fermented African breadfruit with measurable alcoholic content. That observational data was the first evidence of the sharing of alcoholic foods among nonhuman great apes in the wild. The authors measured the alcohol content of the fruit with a handy portable breathalyzer and found almost all of the fallen fruit (90 percent) contained some ethanol, with the ripest containing the highest levels—the equivalent of 0.61 percent ABV (alcohol by volume). Read full article Comments
CALGARY, Alberta, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to report its financial and operating results for the year ended December 31, 2025. The audited consolidated financial statements, accompanying notes and MD&A are being filed on SEDAR+ ( www.sedarplus.ca ) and will be available on Pulse’s website at www.pulseseismic....
CALGARY, Alberta, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to report its financial and operating results for the year ended December 31, 2025. The audited consolidated financial statements, accompanying notes and MD&A are being filed on SEDAR+ ( www.sedarplus.ca ) and will be available on Pulse’s website at www.pulseseismic.com .