A federal judge just hit pause on Tennessee’s attempt to shut down Kalshi crypto prediction platform. U.S. District Judge Aleta Trauger issued a preliminary injunction, telling state regulators to step back while the court fight plays out. For now, the platform stays live. But this is bigger than one state. ...
A federal judge just hit pause on Tennessee’s attempt to shut down Kalshi crypto prediction platform. U.S. District Judge Aleta Trauger issued a preliminary injunction, telling state regulators to step back while the court fight plays out. For now, the platform stays live. But this is bigger than one state. ...
A group of retailers and manufacturers stand to benefit now that the Supreme Court has ruled against some of President Donald Trump' s sweeping tariffs, according to Wells Fargo. The high court struck down on Friday a large portion of Trump's levies, which have been the cornerstone of the president's economic policy. Justices ruled six to three that the law "does not authorize the President to imp...
A group of retailers and manufacturers stand to benefit now that the Supreme Court has ruled against some of President Donald Trump' s sweeping tariffs, according to Wells Fargo. The high court struck down on Friday a large portion of Trump's levies, which have been the cornerstone of the president's economic policy. Justices ruled six to three that the law "does not authorize the President to impose tariffs." The majority of the justices maintained that the power to tax rests with Congress under the U.S. Constitution. Several companies, including Nike , Target and Home Depot , are likely to be aided by the high court's order, Wells Fargo analysts' said in a recent note to clients. They listed more than two dozen stocks that could climb on the news. Several were already trading higher immediately following the Friday's announcement. Here are a few stocks that are expected to soar as some tariffs are rolled back. Nike The athletic apparel company was hit hard by Trump's trade taxes last year. Its footwear prices rose 17% from September 2024 to September 2025, while apparel and equipment prices jumped 14% and 18%, respectively, during the same period, according to a DataWeave analysis . Feeling the pressure, Nike co-signed a letter from the Footwear Distributors and Retailers of America to the Trump administration last May, requesting the footwear industry be exempted from the tariffs. The group called the taxes an "existential threat" to their businesses. Nike's stock initially popped to a high of $68.49 on the news, but shares were recently down more than 2%. The company's stock is down about 1% since Trump announced his tariff plan last year. Target Target has suffered under the weight of Trump's tariffs, so it is likely to benefit greatly from their reversal, according to Wells Fargo. Last year, the retailer attributed uncertainty around its corporate strategy to the trade taxes, even issuing a wider than usual range for its full-year earnings per share outlook. I...
Earnings Call Insights: iRhythm Holdings (IRTC) Q4 2025 Management View Quentin Blackford, President and CEO, described 2025 as a breakout year, highlighting "strong volume-led revenue growth and meaningfully expanded margins as we exited the year with momentum across cardiology, primary care, innovative channels and international markets." He emphasized iRhythm's fifth consecutive quarter of reve...
Earnings Call Insights: iRhythm Holdings (IRTC) Q4 2025 Management View Quentin Blackford, President and CEO, described 2025 as a breakout year, highlighting "strong volume-led revenue growth and meaningfully expanded margins as we exited the year with momentum across cardiology, primary care, innovative channels and international markets." He emphasized iRhythm's fifth consecutive quarter of revenue growth above 20% and a 72% share in long-term continuous monitoring. Blackford noted, "We reached a key inflection point, finishing the year with positive free cash flow results for the first time in our company's history and exceeding expectations with respect to adjusted EBITDA margins." Blackford detailed progress in primary care, citing that more than one-third of volume originated in primary care settings and the company now serves approximately 40,000 primary care physicians. He also pointed to the company's EHR integration strategy, with "more than half of our volume now flows through EHR integrated accounts, and 75 of our top 100 customers are fully integrated." On innovation, Blackford stated, "We also advanced our predictive AI capabilities significantly in 2025... Early pilots through our partnership with Lucem Health show more than 85% accuracy in pre-identifying patients with clinically relevant arrhythmias." He reaffirmed commitment to the next-generation MCT device, expecting a release in the first half of 2027. International expansion was highlighted: "We are now commercial in the U.K., select EU markets and Japan... In the U.K., we delivered our largest quarter of volume ever." Daniel Wilson, CFO, stated, "We delivered fourth quarter 2025 revenue of $208.9 million representing 27.1% year-over-year growth and full year 2025 revenue of $747.1 million, representing 26.2% growth compared to 2024." Wilson emphasized, "Net income for the fourth quarter was $5.6 million or $0.17 per diluted share and was the first positive quarterly net income in iRhythm's his...
Earnings Call Insights: i-80 Gold Corp. (IAU:CA) Q4 2025 Management View CEO Richard Young highlighted "significant progress advancing our development plan and recapitalizing the company's balance sheet towards our goal of creating a mid-tier gold producer." He stated that 2025 production guidance was achieved with consolidated gold output of just under 32,000 ounces, and that production is rampin...
Earnings Call Insights: i-80 Gold Corp. (IAU:CA) Q4 2025 Management View CEO Richard Young highlighted "significant progress advancing our development plan and recapitalizing the company's balance sheet towards our goal of creating a mid-tier gold producer." He stated that 2025 production guidance was achieved with consolidated gold output of just under 32,000 ounces, and that production is ramping up as Granite Creek accelerates. Young detailed the start of construction at Archimedes, completion of the engineering study for Lone Tree plant refurbishment, and a Board-approved notice to proceed for the $400 million Lone Tree refurbishment project. He also announced a financing package of up to $500 million secured with Franco-Nevada, National Bank of Canada, and Macquarie, which he described as "transformational for us as it allows us to advance our development plan unencumbered by the balance sheet." COO W. Chawrun reported that "operations and development work progressed well over the quarter with mining at Granite Creek and advancement rates at Archimedes performing better than planned." Chawrun noted mining more mineralized material at Granite Creek, improved safety performance, and stable water inflows, with an upgraded pumping system contributing to effective water management. He outlined progress on infill drilling and resource expansion at Granite Creek, as well as advancing exploration and feasibility studies across the portfolio. CFO Ryan Snow stated, "Gold sales for the year increased to approximately 28,200 ounces compared to 21,500 ounces in the prior year period reflecting the advancements made at Granite Creek, as Paul outlined earlier, slightly offset by a lag in the timing of third-party processing." He added, "Total revenue from gold sales increased to approximately $95 million for the year compared to $50 million in the prior year... Gross profit for the year improved to $11.5 million compared to a gross loss of $15.7 million in 2024." Snow also no...
Earnings Call Insights: Barings BDC Inc (BBDC) Q4 2025 Management View CEO Thomas McDonnell, newly appointed as of January 1, emphasized his deep background in credit research and portfolio management, stating, "Barings BDC benefits from a best-in-class direct origination platform focused on the core middle market. This differentiated sourcing capability paired with our disciplined underwriting an...
Earnings Call Insights: Barings BDC Inc (BBDC) Q4 2025 Management View CEO Thomas McDonnell, newly appointed as of January 1, emphasized his deep background in credit research and portfolio management, stating, "Barings BDC benefits from a best-in-class direct origination platform focused on the core middle market. This differentiated sourcing capability paired with our disciplined underwriting and strong alignment with shareholders represents a powerful combination, one that positions us well to drive attractive long-term risk-adjusted returns." McDonnell maintained that the existing strategy and process remain intact, with his focus on accelerating initiatives to improve ROE by redeploying legacy assets into interest-earning opportunities and addressing legacy credit support agreements. McDonnell highlighted, "Net asset per value was $11.09 per share, substantially unchanged from the prior quarter. Net investment income for the quarter was $0.27 per share compared to $0.32 per share in the prior quarter." President Matthew Freund elaborated that software accounts for approximately 14% of the portfolio, explaining that BBDC is under-indexed in software compared to peers and has avoided annual recurring revenue loans and highly leveraged issuers in that sector. Freund also noted, "We ended 2025 with sequential improvement in deployment as compared to the prior 3 quarters." CFO Elizabeth Murray stated, "NAV per share ended the year at $11.09, which was essentially flat compared to the third quarter at $11.10, representing less than 0.1% decrease quarter-over-quarter." She also reported, "Net investment income exceeded our regular dividend of $1.04 per share." Outlook Murray indicated that for 2026, "we expect the declining base rates reflected in the trajectory of the forward SOFR curve will likely put downward pressure on net investment income. And as a result, our regular dividend may decrease from current levels." Management signaled the possibility of a lower reg...
Gautam Mukunda, Lecturer at Yale School of Management and Bloomberg Opinion contributor joined Paul Sweeney and Scarlet Fu to discuss the recent ruling from the Supreme Court. The US Supreme Court struck down President Donald Trump’s sweeping global tariffs, undercutting his signature economic policy and delivering his biggest legal defeat since he returned to the White House. (Source: Bloomberg)
Gautam Mukunda, Lecturer at Yale School of Management and Bloomberg Opinion contributor joined Paul Sweeney and Scarlet Fu to discuss the recent ruling from the Supreme Court. The US Supreme Court struck down President Donald Trump’s sweeping global tariffs, undercutting his signature economic policy and delivering his biggest legal defeat since he returned to the White House. (Source: Bloomberg)
Key PointsThese companies win through boring dominance, steadily growing everyday essentials while squeezing costs and rewarding shareholders year after year.
Key PointsThese companies win through boring dominance, steadily growing everyday essentials while squeezing costs and rewarding shareholders year after year.
mady70/iStock via Getty Images I've continued to rate CRH plc ( CRH ) as 'Buy'. The company's 4Q25 EBITDA beat isn't a one-off. I'm predicting a similar outperformance this year, considering its inorganic and international prospects. Its aspirational medium-term targets and appealing valuations were detailed in my October 13, 2025, write-up . Q4 Operating Profitability Bested Consensus The firm is...
mady70/iStock via Getty Images I've continued to rate CRH plc ( CRH ) as 'Buy'. The company's 4Q25 EBITDA beat isn't a one-off. I'm predicting a similar outperformance this year, considering its inorganic and international prospects. Its aspirational medium-term targets and appealing valuations were detailed in my October 13, 2025, write-up . Q4 Operating Profitability Bested Consensus The firm issued an 8-K filing that revealed its latest financials on Wednesday, Feb 18. CRH's EBITDA rose 14.2% year-on-year to $2.03B for Oct-Dec '25. As per Bloomberg, this came in +2% better than what the sell-side projected. I believe the "International Solutions Segment/ISS" was the difference-maker. ISS saw its 4Q25 EBITDA-to-sales expand 380bps to 19%. That drove up the division's EBITDA by 32.6% YoY to $0.63B over the same period. This unit's solid results were attributed to pricing-related actions and corporate reorganization initiatives based on the 8-K disclosures. Changes In Pricing/Volumes For The Recent Three-Month Period Investor Slides As outlined above, CRH's construction product prices in foreign markets remained firm or trended higher during 4Q25. It's reasonable for me to infer that ISS has a strong competitive position. 2025 was the "ninth consecutive year of good pricing across the European cement business" according to the analyst briefing . Also, asset disposals contributed $19M to ISS's Q4 EBITDA increase. CRH emphasized the "good portfolio optimization work undertaken during the year in the international division" at its earnings call. My view is that ISS should have exited non-strategic and less profitable businesses to enhance margins. The company's group-level EBITDA-to-revenue improved +1.5ppts to 4Q2025's 21.5%. That surpassed the consensus's estimate by 40 bps. You would think that its overseas operations should take the credit. I'm Anticipating A FY26 EBITDA Beat In my opinion, CRH's full-year guide is excessively cautious. It's forecasting an "Adjuste...
Former prince remains eighth in line to the throne despite having been stripped of his royal titles MPs have called for parliament to consider whether Andrew Mountbatten-Windsor should lose his potential right to inherit the throne in the after his arrest. Andrew was arrested and questioned by detectives on Thursday on suspicion of misconduct in public office, in connection with allegations that t...
Former prince remains eighth in line to the throne despite having been stripped of his royal titles MPs have called for parliament to consider whether Andrew Mountbatten-Windsor should lose his potential right to inherit the throne in the after his arrest. Andrew was arrested and questioned by detectives on Thursday on suspicion of misconduct in public office, in connection with allegations that the former prince shared confidential material with Jeffrey Epstein. Continue reading...
Mexican President Claudia Sheinbaum is applying renewed pressure on Peru to allow an ideological ally to exit the South American nation, after the country inaugurated a new left-leaning leader. Sheinbaum wants former Peruvian Prime Minister Betssy Chavez to travel to Mexico, where she has been granted asylum. Peru has so far refused to grant Chavez safe passage and she remains holed up in a Mexica...
Mexican President Claudia Sheinbaum is applying renewed pressure on Peru to allow an ideological ally to exit the South American nation, after the country inaugurated a new left-leaning leader. Sheinbaum wants former Peruvian Prime Minister Betssy Chavez to travel to Mexico, where she has been granted asylum. Peru has so far refused to grant Chavez safe passage and she remains holed up in a Mexican diplomatic building while avoiding a prison sentence for staging a failed rebellion. But the inauguration of interim Peruvian President Jose Maria Balcazar this week is giving the Mexican government an opportunity to attempt to secure Chavez’s departure and to defuse the tense relationship between the two countries, Sheinbaum said. “She still has not been given safe passage to Mexico,” Sheinbaum told reporters in her daily press conference. “With the new president, we will see if it can be granted.” Read More: Peru Congress Picks Balcazar, Fifth President in Five Years Balcazar is also a lawmaker representing a Marxist-Leninist party and replaced conservative former President Jose Jeri, who lasted just four months in office. Balcazar has so far been non-committal on Chavez’s situation, saying he will study it. Chavez secured asylum from Mexico in November, following an 11-year prison sentence for participating in a failed 2022 rebellion led by then-President Pedro Castillo, in a bid to stay in power. Jeri’s administration at the time refused her safe passage out of the country and broke off diplomatic relations with Mexico, marking a low point between the two Latin American nations. Castillo himself was arrested in 2022 and remains detained, although his wife Lilia Paredes is in Mexico on asylum and at the time was granted safe passage to travel there. Castillo is now asking Balcazar for a presidential pardon and immediate release from prison, although the new president has said this is not on his agenda. Sheinbaum said that Mexico’s position is that Castillo’s arrest is ...
Morgan Stanley thinks that Mr. Market just made a mistake. Strategist Katie Huberty, speaking with Bloomberg, laid out the case that the recent stock market sell-off hasn’t been selective. In fact, she argues that it has been "indiscriminate," where investors continue dumping stocks linked with the ...
Morgan Stanley thinks that Mr. Market just made a mistake. Strategist Katie Huberty, speaking with Bloomberg, laid out the case that the recent stock market sell-off hasn’t been selective. In fact, she argues that it has been "indiscriminate," where investors continue dumping stocks linked with the ...