Thanaphum Tachakanjanapong/iStock via Getty Images Thesis Cohen & Steers ( CNS ) is a global investment management firm that specializes in REITs and preferred shares. There are a number of ETFs and CEFs outstanding from this name, some of which we have covered before. In today's article we are going to talk about a new ETF from the manager, namely the Cohen & Steers Preferred & Income Opptys Actv...
Thanaphum Tachakanjanapong/iStock via Getty Images Thesis Cohen & Steers ( CNS ) is a global investment management firm that specializes in REITs and preferred shares. There are a number of ETFs and CEFs outstanding from this name, some of which we have covered before. In today's article we are going to talk about a new ETF from the manager, namely the Cohen & Steers Preferred & Income Opptys Actv ETF ( CSPF ). New fund in the ETF structure CSPF came to market in early 2025 and is now completing its first year of existence. The main objective for the fund is total return, but a major part of the strategy revolves around investing in institutional preferred securities. These are high-denomination securities (often $1,000 par value) that offer better terms and higher credit quality than the $25 par value preferred stocks available to the general public: Security Type (Nuveen) As we can see from the above graph from Nuveen, $1,000 par value securities tend to be 'cheaper' than the widely available $25 par ones. Cohen has a very deep expertise in the preferred space, with a large AUM dedicated to the asset class. Some of the analytics for the new fund are as follows: AUM: $128 M Expense ratio: 0.59% Portfolio duration: 4.6 years SEC yield: 5.09% Fund type: Active The presented expense ratio is actually a net one, with the manager having the lower fee until June 2026, when it moves to 0.75%. The expense ratio is on the high side, but this is an active fund; thus, higher fees are to be expected. As per the Seeking Alpha platform the median expense ratio is 0.5%: Expense Ratio (Seeking Alpha) We do not mind high fees as long as the performance justifies them, and we will have a look at that as well (keep in mind that presented total returns are inclusive of expense ratios). As we shall see in the 'Performance' section, the ETF outperformed its peers, thus validating its active approach and management. Current composition Let us now look at how the fund is currently set-up:...
In this article WMT Follow your favorite stocks CREATE FREE ACCOUNT A Walmart store is shown in Oceanside, California, U.S., May 15, 2025. Mike Blake | Reuters Walmart is expected to report its fiscal fourth-quarter earnings on Thursday morning as the retail giant and its new CEO chase a future fueled more by digital businesses and artificial intelligence. Here's what Wall Street analysts surveyed...
In this article WMT Follow your favorite stocks CREATE FREE ACCOUNT A Walmart store is shown in Oceanside, California, U.S., May 15, 2025. Mike Blake | Reuters Walmart is expected to report its fiscal fourth-quarter earnings on Thursday morning as the retail giant and its new CEO chase a future fueled more by digital businesses and artificial intelligence. Here's what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per share : 73 cents expected Revenue : $190.43 billion expected Walmart said in November that it expects full-year net sales to climb between 4.8% and 5.1% and adjusted earnings per share to range from $2.58 to $2.63. Investors are not only looking for a holiday and full-year recap. They're also eager for a better sense of the company's expectations for the year ahead and the priorities for new CEO John Furner, a more than three-decade-long company veteran and former Walmart U.S. CEO who succeeded Doug McMillon as Walmart's top executive on Feb. 1. As a retail behemoth, Walmart offers a key snapshot of the U.S. consumer — particularly since it kicks off a batch of earnings reports from other major retailers, including Home Depot and Target. "Everybody likes to get a litmus test on how the consumer acted in the quarter and how they are acting quarter to date," said Kate McShane, a retail analyst for Goldman Sachs. She said Walmart could benefit from some helpful dynamics in the coming months, including tax cuts that were part of President Donald Trump 's tax and spending bill last year that may free up more discretionary spending, especially for middle-income consumers. Yet there are other mixed indicators about the U.S. economy, such as lackluster retail sales numbers in December and concerns about the jobs market and artificial intelligence-related head count cuts, despite a better-than-expected jobs report for January. Investors have closely watched inflation and tried to gauge if tariffs will increase prices in the ...
BRC survey finds finance bosses expect technology to improve productivity, with 69% pessimistic about the economy UK retailers are planning to cut staff hours and jobs amid rising employment costs and pessimism about the economy. Almost two-thirds (61%) of finance bosses at retail companies said they planned to reduce working hours or cut overtime, according to the latest survey from the British R...
BRC survey finds finance bosses expect technology to improve productivity, with 69% pessimistic about the economy UK retailers are planning to cut staff hours and jobs amid rising employment costs and pessimism about the economy. Almost two-thirds (61%) of finance bosses at retail companies said they planned to reduce working hours or cut overtime, according to the latest survey from the British Retail Consortium (BRC), the trade body that represents most big retailers. More than half (55%) said they would cut head office jobs and 42% said they would reduce jobs in stores. Continue reading...
Representatives of repressive regimes from around the world are flying to Washington for the inaugural meeting of the body A grouping of largely oppressive and authoritarian world leaders and their envoys are flying to Washington for the inaugural meeting of Donald Trump’s newly established Board of Peace . The body was created to implement his vision for Gaza’s future after it was destroyed by Is...
Representatives of repressive regimes from around the world are flying to Washington for the inaugural meeting of the body A grouping of largely oppressive and authoritarian world leaders and their envoys are flying to Washington for the inaugural meeting of Donald Trump’s newly established Board of Peace . The body was created to implement his vision for Gaza’s future after it was destroyed by Israel , but Trump has widened its scope, calling it “the most consequential international body in history”. Continue reading...
Demand is rising at unsustainable rate and could cost £3.4bn by 2030-31, local authorities warn Families who have children with special educational needs and disabilities (Send) should be means tested for school transport, according to councils in England, who say demand is rising “at an unsustainable rate”. Local authorities are urging the government to be “radical” in its Send reforms, which are...
Demand is rising at unsustainable rate and could cost £3.4bn by 2030-31, local authorities warn Families who have children with special educational needs and disabilities (Send) should be means tested for school transport, according to councils in England, who say demand is rising “at an unsustainable rate”. Local authorities are urging the government to be “radical” in its Send reforms, which are expected imminently, warning that annual costs on home-to-school transport for children with Send could rise to £3.4bn by 2030-31, up from £2bn last year. Continue reading...
While other countries are deep in a sex recession, the Danish drive shows no signs of stalling. How do they stay so frisky? Copenhagen on the Thursday before Valentine’s Day is intoxicatingly romantic. That’s not hyperbole – you could breathe in and be drunk on it. The canals have frozen over, which only happens about once every 13 years, and couples are skating on them. You can see cosy bars from...
While other countries are deep in a sex recession, the Danish drive shows no signs of stalling. How do they stay so frisky? Copenhagen on the Thursday before Valentine’s Day is intoxicatingly romantic. That’s not hyperbole – you could breathe in and be drunk on it. The canals have frozen over, which only happens about once every 13 years, and couples are skating on them. You can see cosy bars from miles away because they’re strung with fairy lights – apparently not just a Christmas thing here. Everyone is beautiful. But none of that comes close to explaining why young Danes in Denmark, unlike gen Z across the developed world, are still having sex. Winter isn’t even their frisky season. “You feel the atmosphere in the springtime,” says Ben, 35, half-British, half Danish. His friend Anna, also 35, originally Hungarian, says: “Post-hibernation fever, you can feel the sexual energy. Everyone is on. Everyone swims in the canals, a lot of the women will be topless – they’re like herrings.” (Which is to say: they are typically Danish, they love the water and they don’t wear clothes … I think.) Ben and Anna are millennials, of course, rather than gen Z: they provide the outsiders’ perspective. Continue reading...
People like me were targets of the Islamophobia that gripped the west after the US-led ‘war on terror’. Now I fear a chilling sequel is on the way Twenty-five years ago, George W Bush persuaded European leaders to back his “war on terror”. That disastrous project cost millions of lives and caused mass displacement of people from across the Middle East. It normalised racism and hatred for Muslims, ...
People like me were targets of the Islamophobia that gripped the west after the US-led ‘war on terror’. Now I fear a chilling sequel is on the way Twenty-five years ago, George W Bush persuaded European leaders to back his “war on terror”. That disastrous project cost millions of lives and caused mass displacement of people from across the Middle East. It normalised racism and hatred for Muslims, refugees and racialised minorities in the US and Europe. I fear Marco Rubio’s speech at the Munich Security Conference, with its calls to defend white, western, Christian civilisation against supposedly contaminating racialised migrants – and the standing ovation he received from European elites – may mark a chilling sequel. Rubio’s language of a shared and superior American and European civilisation differs from that of his bosses, Donald Trump and JD Vance. His tone is more emollient but his outreach is conspiratorial. Rubio talks of migration and identity and civilisational anxiety, rather than terrorism and hard security threats as Bush once did. In his Munich speech, Rubio flattered Europeans about the continent’s colonial past. He denied preaching a message of xenophobia or hate, and instead framed his call to defend national borders as entirely respectable, dutiful and a “fundamental act of sovereignty”. Shada Islam is a Brussels-based commentator on EU affairs. She runs New Horizons Project, a strategy, analysis and advisory company Continue reading...
Banned from education, a clandestine reading circle meets every week to pour over novels by Abbas Maroufi, Zoya Pirzad and Ernest Hemingway Four young women sit together, waiting for the phone to ring. When the call finally comes, their friend’s voice is crackly and hard to make out, but they wait patiently for the signal to improve so they can start discussing their chosen book. Every Thursday, t...
Banned from education, a clandestine reading circle meets every week to pour over novels by Abbas Maroufi, Zoya Pirzad and Ernest Hemingway Four young women sit together, waiting for the phone to ring. When the call finally comes, their friend’s voice is crackly and hard to make out, but they wait patiently for the signal to improve so they can start discussing their chosen book. Every Thursday, the five friends come together away from the disapproving gaze of the Taliban for a reading circle. They read not for entertainment but, as they put it, to understand life and the world around them. They call their group “women with books and imagination”. Continue reading...
Report says common agricultural policy provides ‘unfair’ levels of support to unhealthy, meat-heavy diets Beef and lamb receive 580 times more in EU subsidies than legumes, a report has found, despite scientists urging people to get more of their protein from less harmful sources. Analysis by the charity Foodrise found the EU’s common agricultural policy (CAP) provides “unfair” levels of support t...
Report says common agricultural policy provides ‘unfair’ levels of support to unhealthy, meat-heavy diets Beef and lamb receive 580 times more in EU subsidies than legumes, a report has found, despite scientists urging people to get more of their protein from less harmful sources. Analysis by the charity Foodrise found the EU’s common agricultural policy (CAP) provides “unfair” levels of support to meat-heavy diets that doctors consider unhealthy and climate scientists consider environmentally destructive. Continue reading...
Programme that funds groups building tech to evade oppressive government controls under serious threat For nearly two decades, the US quietly funded a global effort to keep the internet from splintering into fiefdoms run by authoritarian governments. Now that money is seriously threatened and a large part of it is already gone, putting into jeopardy internet freedoms around the world. Managed by t...
Programme that funds groups building tech to evade oppressive government controls under serious threat For nearly two decades, the US quietly funded a global effort to keep the internet from splintering into fiefdoms run by authoritarian governments. Now that money is seriously threatened and a large part of it is already gone, putting into jeopardy internet freedoms around the world. Managed by the US state department and the US Agency for Global Media, the programme – broadly called Internet Freedom – funds small groups all over the world, from Iran to China to the Philippines, who built grassroots technologies to evade internet controls imposed by governments. It has dispensed well over $500m (£370m) in the past decade, according to an analysis by the Guardian, including $94m in 2024. Continue reading...
Scientists and philosophers studying the mind have discovered how little we know about our inner experiences What was I thinking? This is not as easy or straightforward a question as I would have thought. As soon as you try to record and categorise the contents of your consciousness – the sense impressions, feelings, words, images, daydreams, mind-wanderings, ruminations, deliberations, observati...
Scientists and philosophers studying the mind have discovered how little we know about our inner experiences What was I thinking? This is not as easy or straightforward a question as I would have thought. As soon as you try to record and categorise the contents of your consciousness – the sense impressions, feelings, words, images, daydreams, mind-wanderings, ruminations, deliberations, observations, opinions, intuitions and occasional insights – you encounter far more questions than answers, and more than a few surprises. I’d always assumed that my stream of consciousness consisted mainly of an interior monologue, maybe sometimes a dialogue, but was surely composed of words; I’m a writer, after all. But it turns out that a lot of my so-called thoughts – a flattering term for these gossamer traces of mental activity – are preverbal, often showing up as images, sensations, or concepts, with words trailing behind as a kind of afterthought, belated attempts to translate these elusive wisps of meaning into something more substantial and shareable. I discovered this because I’ve been going around with a beeper wired to an earpiece that sends a sudden sharp note into my left ear at random times of the day. This is my cue to recall and jot down whatever was going on in my head immediately before I registered the beep. The idea is to capture a snapshot of the contents of consciousness at a specific moment in time by dipping a ladle into the onrushing stream. Continue reading...
The career services hotlines are busier than usual at HK, one of Denmark’s largest unions. On the phones are office workers, computer scientists and laboratory technicians anxious about their professional futures. Just a year ago, Danes were enjoying the spoils of a national hiring spree. Now, career transitions and reskilling are top of mind. A recent HK survey found that more than half of the or...
The career services hotlines are busier than usual at HK, one of Denmark’s largest unions. On the phones are office workers, computer scientists and laboratory technicians anxious about their professional futures. Just a year ago, Danes were enjoying the spoils of a national hiring spree. Now, career transitions and reskilling are top of mind. A recent HK survey found that more than half of the organization’s members fear losing their jobs. “Layoffs are becoming normalized,” said Ida Ullitz, career adviser at HK, noting that they’ve seen cuts across industries and sectors, as well as public and private organizations. On paper, Denmark’s economy looks enviably robust. Employment is at a record high, growth is solid and public finances are strong. By most conventional yardsticks, the country is booming. Yet those numbers don’t reflect the sense of dread that’s taken hold since many of the country’s flagship companies began slashing their workforces last year. In September, pharmaceutical giant Novo Nordisk eliminated about 5,000 jobs in Denmark — one of the largest-ever reductions in the country’s history. Lundbeck , Nykredit , Tryg , Nordea Bank and other major employers followed with cuts of their own. And an end isn’t in sight. Energy company Orsted has warned of hundreds of layoffs amid pressure on offshore wind, and Maersk said this month it would eliminate 1,000 positions, including in Denmark, to brace for weaker revenue. “We’re seeing a wave of layoffs, and we expect more to come,” said Kia P. Dollerschell, head of the legal department at Djof, a union that represents white-collar professionals. Last year, Denmark recorded its highest level of layoffs since the Covid-19 pandemic, and in December, joblessness rose to a four-year high of 3.0%. (Because of notice periods, this figure likely does not capture the Novo downsizing.) That’s sent a chill through the labor market. People “read about layoffs at large, well-established companies and think: if it can happe...
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This is the forum for daily political discussion on Seeking Alpha. A new version is published every market day. Please don't leave political comments on other articles or posts on the site. The comments below are not regulated with the same rigor as the rest of the site, and this is an 'enter at your own risk' area as discussion can get very heated. If you can't stand the heat... you know what they say... More on Today's Markets: Moderation Guidelines: We remove comments under the following categories: Personal attacks on another user account Anti-Vaxxer or covid related misinformation Stereotyping, prejudiced or racist language about individuals or the topic under discussion. Inciting violence messages, encouraging hate groups and political violence. Regardless of which side of the political divide you find yourself, please be courteous and don't direct abuse at other users. For any issue with regards to comments please email us at : moderation@seekingalpha.com. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
kyoshino/E+ via Getty Images 8:20 AM Raphael Bostic Speaks Atlanta Federal Reserve Bank President Raphael Bostic gives opening remarks before the Banking Outlook Conference: “The Next Horizon in Banking" hosted by the Federal Reserve Bank of Atlanta. 8:30 AM International Trade in Goods (Advance) This monthly report offers advanced import and export data on the goods components of the monthly trad...
kyoshino/E+ via Getty Images 8:20 AM Raphael Bostic Speaks Atlanta Federal Reserve Bank President Raphael Bostic gives opening remarks before the Banking Outlook Conference: “The Next Horizon in Banking" hosted by the Federal Reserve Bank of Atlanta. 8:30 AM International Trade in Goods (Advance) This monthly report offers advanced import and export data on the goods components of the monthly trade report. 8:30 AM International Trade in Goods and Services Updating the goods portion of the advance report and offering initial data on services, this report provides complete information on cross-border trade. Forecasters expect the trade gap to be up at $55.8 billion for December compared with $56.8 billion in November. 8:30 AM Jobless Claims New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. Claims are expected to be nearly flat at 225K versus 227K in the previous week. 8:30 AM Philadelphia Fed Manufacturing Index The general conditions index from this business outlook survey is a diffusion index of manufacturing conditions within the Philadelphia Federal Reserve district. The consensus looks for an index at 7.7 in February, suggesting ongoing modest expansion in manufacturing business versus 12.6 in January. 8:30 AM Michelle Bowman Speaks Federal Reserve Vice Chair for Supervision Michelle Bowman gives opening remarks before the Banking Outlook Conference:"The Next Horizon in Banking" hosted by the Federal Reserve Bank of Atlanta. 8:30 AM Retail Inventories (Advance) Retail inventories measure the monthly dollar value of inventories held by retailers. 8:30 AM Wholesale Inventories (Advance) Wholesale inventories measure the monthly dollar value of inventories held by merchant wholesalers and are tracked to gauge inventory change in quarterly GDP. 9:00 AM Neel Kashkari Speaks Minneapolis Federal Reserve Bank President Neel Kashkari gives a keynote before the Midwest Summit: Economic Out...
Harju Elekter finished the year with strong results. Revenue reached the same level as in 2024, which is in line with the Group's normal operating volume and orders. The last quarter was the period with the highest revenue of the year and compared to the fourth quarter of the previous year, we were able to turn losses into moderate profits, despite the fact that it is rather a low season for the G...
Harju Elekter finished the year with strong results. Revenue reached the same level as in 2024, which is in line with the Group's normal operating volume and orders. The last quarter was the period with the highest revenue of the year and compared to the fourth quarter of the previous year, we were able to turn losses into moderate profits, despite the fact that it is rather a low season for the Group.
Harju Elekter lõpetas aasta tugevate tulemustega. Müügitulu jõudis 2024. aastaga võrreldes samale tasemele, mis on vastavuses kontserni tavapärase tegevusmahu ja tellimustega. Viimane kvartal oli seejuures aasta kõrgeima müügituluga periood ning võrreldes eelmise aasta neljanda kvartaliga suutsime pöörata kahjumi mõõdukaks kasumiks, seda hoolimata asjaolust, et kontserni jaoks on tegemist pigem ma...
Harju Elekter lõpetas aasta tugevate tulemustega. Müügitulu jõudis 2024. aastaga võrreldes samale tasemele, mis on vastavuses kontserni tavapärase tegevusmahu ja tellimustega. Viimane kvartal oli seejuures aasta kõrgeima müügituluga periood ning võrreldes eelmise aasta neljanda kvartaliga suutsime pöörata kahjumi mõõdukaks kasumiks, seda hoolimata asjaolust, et kontserni jaoks on tegemist pigem madalhooajaga.
Bill Gates has cancelled his speech that was scheduled for Thursday at a major AI summit in India, the Gates Foundation said, after the Microsoft co-founder was named in the Epstein files. “After careful consideration, and to ensure the focus remains on the AI summit’s key priorities, Mr. Gates will not be delivering his keynote address,” the foundation said in a statement. “The Gates Foundation r...
Bill Gates has cancelled his speech that was scheduled for Thursday at a major AI summit in India, the Gates Foundation said, after the Microsoft co-founder was named in the Epstein files. “After careful consideration, and to ensure the focus remains on the AI summit’s key priorities, Mr. Gates will not be delivering his keynote address,” the foundation said in a statement. “The Gates Foundation remains fully committed to our work in India to advance our shared health and development goals,” it...
Jackson Financial ( JXN ) declares $0.90/share quarterly dividend , 12.5% increase from prior dividend of $0.80. Forward yield 3.08% Payable March 26; for shareholders of record March 16; ex-div March 16. See JXN Dividend Scorecard, Yield Chart, & Dividend Growth. More on Jackson Financial Jackson Financial: Still Cheap After A Triple-Digit Run, Preferreds Closer To Rate Reset Jackson Financial's ...
Jackson Financial ( JXN ) declares $0.90/share quarterly dividend , 12.5% increase from prior dividend of $0.80. Forward yield 3.08% Payable March 26; for shareholders of record March 16; ex-div March 16. See JXN Dividend Scorecard, Yield Chart, & Dividend Growth. More on Jackson Financial Jackson Financial: Still Cheap After A Triple-Digit Run, Preferreds Closer To Rate Reset Jackson Financial's TPG Partnership Is A Win For Shareholders Jackson Financial Inc. (JXN) Strategic Update Call Transcript Jackson Financial Non-GAAP EPS of $6.61 beats by $0.75, revenue of $1.99B beats by $70M Jackson Financial Q4 2025 Earnings Preview