The temporary chief of the U.S. agency that produces critical economic reports on jobs, unemployment and inflation says the data is not being manipulated or influenced by politicians.
The temporary chief of the U.S. agency that produces critical economic reports on jobs, unemployment and inflation says the data is not being manipulated or influenced by politicians.
Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. Real estate developers have had a rough period, and few are suffering more than condo sellers in Canada’s biggest markets. In Vancouver, apartment prices have tumbled and some people who bought pre-construction units when the market was near its peak are having serious buyer’s re...
Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. Real estate developers have had a rough period, and few are suffering more than condo sellers in Canada’s biggest markets. In Vancouver, apartment prices have tumbled and some people who bought pre-construction units when the market was near its peak are having serious buyer’s remorse. An employment lawsuit filed in BC Supreme Court suggests things aren’t great for Westbank Projects, the developer responsible for some of the most recognizable towers on Vancouver’s skyline. Rhiannon Mabberley, who was Westbank’s vice president of development until 2025, is claiming the company owes her C$1.2 million (about $875,000). Her court filings cite text messages from Westbank founder Ian Gillespie in which he details losses and delays on a string of high-profile projects as recently as September. Her claims have not been proven in court. The Alberni, a distinctive high-rise in Vancouver designed by the firm of famed Japanese architect Kengo Kuma, has “many unsold units” and vendor take-back mortgages outstanding, one message said. The Butterfly, another unique downtown condo tower, “is well over budget and closings are slow and uncertain,” Gillespie said, according to Mabberley. A Westbank spokesperson declined to comment because the matter is before the courts, and the company’s legal response denied Mabberley’s claims. Another financial disappointment was the sale of Senakw, a high-rise residential project being developed with an Indigenous group, the affidavit text said. “The unfortunate reality for both of us and the rest of the company is these projects were not profitable,” Gillespie texted to Mabberley, according to her suit. Also in this newsletter: BMO’s CEO on the reaction to 15% tariffs and Omers returns 6% in a tough year for private equity. — The following was produced with the assistance of Bloomberg Automation. Top stories Canada summoned Open...
Getty Images As a value investor, I’m primarily focused on stocks with attractive multiples. But only looking at those stocks can cause one to miss out on truly great wealth compounders with durable moats. Picking up these names at fair valuations and letting compounding work its magic can pay off big over the long run. Such I find the case with Prologis, Inc. ( PLD ), which I last covered back in...
Getty Images As a value investor, I’m primarily focused on stocks with attractive multiples. But only looking at those stocks can cause one to miss out on truly great wealth compounders with durable moats. Picking up these names at fair valuations and letting compounding work its magic can pay off big over the long run. Such I find the case with Prologis, Inc. ( PLD ), which I last covered back in February 2025, highlighting its moat-worthy property locations, attractive valuation, and new business opportunities in renewable energy and data centers. Since my last piece, PLD has given investors an attractive 24% total return, outpacing the 15% rise in the S&P 500 ( SPY ) over the same timeframe. In this article, I revisit PLD, including recent business results , and discuss why it remains a solid ‘Buy’ for long-term growth and investor returns, so let’s dive in! Why PLD? Prologis is the world’s largest logistics REIT with a global portfolio of modern warehouses and distribution centers. Its properties are mission-critical for the supply chains of e-commerce, retail, manufacturing, and logistics customers. PLD’s real estate footprint covers 1.3 billion square feet in more than 20 countries and is located near major population and transportation hubs to companies such as Amazon ( AMZN ), FedEx ( FDX ), and Walmart ( WMT ). PLD’s moat stems from the close proximity of its properties to distribution hubs. These locations have high barriers to entry due to limited developable space and provide tenants with incremental savings. As shown below, facility costs, including rent, represent just 3-6% of operating costs for a tenant. This means that a 1% savings in labor costs results in a 17% increase in capacity for rent growth. Investor Presentation PLD recently demonstrated solid Q4 2025 results with same-store cash NOI growing by 5.7% over the prior year period, sitting at the top end of management’s guidance. This was driven by pricing power and improving fundamentals as th...
Every engineering leader watching the agentic coding wave is eventually going to face the same question: if AI can generate production-quality code faster than any team, what does governance look like when the human isn't writing the code anymore? Most teams don't have a good answer yet. Treasure Data , a SoftBank-backed customer data platform serving more than 450 global brands, now has one, thou...
Every engineering leader watching the agentic coding wave is eventually going to face the same question: if AI can generate production-quality code faster than any team, what does governance look like when the human isn't writing the code anymore? Most teams don't have a good answer yet. Treasure Data , a SoftBank-backed customer data platform serving more than 450 global brands, now has one, though they learned parts of it the hard way. The company today officially announced Treasure Code , a new AI-native command-line interface that lets data engineers and platform teams operate its full CDP through natural language, with Claude Code handling creation and iteration underneath. It was built by a single engineer. The company says the coding itself took roughly 60 minutes. But that number is almost beside the point. The more important story is what had to be true before those 60 minutes were possible, and what broke after. "From a planning standpoint, we still have to plan to derisk the business, and that did take a couple of weeks," Rafa Flores, Chief Product Officer at Treasure Data, told VentureBeat. "From an ideation and execution standpoint, that's where you kind of just blend the two and you just go, go, go. And it's not just prototyping, it's rolling things out in production in a safe way." Build the governance layer first Before even a single line of code was written, Treasure Data had to answer a harder question: what does the system need to be prohibited from doing, and how do you enforce that at the platform level rather than hoping the code respects it? The guardrails Treasure Data built live upstream of the code itself. When any user connects to the CDP through Treasure Code, access control and permission management are inherited directly from the platform. Users can only reach resources they already have permission for. PII cannot be exposed. API keys cannot be surfaced. The system cannot speak disparagingly about a brand or competitor. "We had to get C...
Metro ( MTRAF ) on Monday announced the pricing of a private placement offering of C$350 million aggregate principal amount of 3.469% Series M Senior Unsecured Notes due February 25, 2031. The Series M Notes will carry a coupon of 3.469% and were priced at $1,000 per $1,000 principal amount, for an effective yield of 3.469% per annum if held to maturity. Metro intends to use the net proceeds of th...
Metro ( MTRAF ) on Monday announced the pricing of a private placement offering of C$350 million aggregate principal amount of 3.469% Series M Senior Unsecured Notes due February 25, 2031. The Series M Notes will carry a coupon of 3.469% and were priced at $1,000 per $1,000 principal amount, for an effective yield of 3.469% per annum if held to maturity. Metro intends to use the net proceeds of the offering for the repayment of indebtedness incurred under its revolving credit facility and for general corporate purposes. Closing of the offering is expected to take place on February 25, 2026. Source: Press Release More on Metro Metro: Repeats Last Year's Buying Opportunity Metro Inc. (MRU:CA) Q1 2026 Earnings Call Transcript Metro Non-GAAP EPS of $1.16, revenue of $5.29B beats by $1.46B Seeking Alpha’s Quant Rating on Metro Historical earnings data for Metro
As US President Donald Trump prepares for a high-stakes summit with Chinese leader Xi Jinping in Beijing from March 31 to April 2, analysts say recent US policy reversals, including a Supreme Court of the United States ruling striking down broad tariffs, have shifted trade tensions into a phase of cautious stability rather than escalation. The legal setback has strengthened China’s negotiating pos...
As US President Donald Trump prepares for a high-stakes summit with Chinese leader Xi Jinping in Beijing from March 31 to April 2, analysts say recent US policy reversals, including a Supreme Court of the United States ruling striking down broad tariffs, have shifted trade tensions into a phase of cautious stability rather than escalation. The legal setback has strengthened China’s negotiating position, bolstered by lowered effective tariffs, its leverage over critical minerals like rare earths,...
Palantir declined as tariff worries and broader risk-off sentiment weighed on AI software stocks. Governance disclosures and mixed institutional positioning added to the cautious tone.
Palantir declined as tariff worries and broader risk-off sentiment weighed on AI software stocks. Governance disclosures and mixed institutional positioning added to the cautious tone.
Palantir Technologies (NASDAQ:PLTR)develops data integration and analytics platforms for government and commercial clients. The company’s shares closed Monday at $130.63, down 3.43%. Investors responded to governance scrutiny, mixed institutional filings, and shifting views on AI
Palantir Technologies (NASDAQ:PLTR)develops data integration and analytics platforms for government and commercial clients. The company’s shares closed Monday at $130.63, down 3.43%. Investors responded to governance scrutiny, mixed institutional filings, and shifting views on AI
Apple Hospitality ( APLE ) posted better-than-expected Q4 earnings and revenue even as a challenging environment led to year-over-year declines on the top and bottom lines. The lodging REIT expects 2026 comparable RevPAR (revenue per available room) to range from a 1.00% dip to a 1.00% increase. Adjusted EBITDAre is expected to be $424M-$447M (vs. $447M Visible Alpha estimate). "Through the succes...
Apple Hospitality ( APLE ) posted better-than-expected Q4 earnings and revenue even as a challenging environment led to year-over-year declines on the top and bottom lines. The lodging REIT expects 2026 comparable RevPAR (revenue per available room) to range from a 1.00% dip to a 1.00% increase. Adjusted EBITDAre is expected to be $424M-$447M (vs. $447M Visible Alpha estimate). "Through the successful navigation of changes in government-dependent demand combined with continued strength in leisure travel, we achieved comparable hotels RevPAR of $118 for the full year 2025, down only 1.6% to 2024, despite the challenging operating backdrop," said CEO Justin Knight. Q4 modified FFO per share of $0.31, topping the average analyst estimate of $0.29, edged down from $0.32 in Q4 2024. Q4 total revenue of $326.4M, beating the $322.6M consensus, decreased from $333.0M a year ago. Expenses of $282.0M dropped from $284.7M in Q4 2024. Comparable hotels adjusted hotel EBITDA fell to $99.2M, vs. the Visible Alpha consensus of $101M, from $108.3M in Q4 2024. Comparable occupancy of 70.4% vs. 71.6% in the year-ago quarter. Comparable RevPAR of $106.90 slipped from $109.77 in the year-ago period. Apple Hospitality ( APLE ) rose 0.8% in after-hours trading. Conference call on Feb. 24 at 11:00 AM ET. More on Apple Hospitality Seeking Alpha’s Quant Rating on Apple Hospitality Historical earnings data for Apple Hospitality Dividend scorecard for Apple Hospitality Financial information for Apple Hospitality
Emanuel M Schwermer/DigitalVision via Getty Images Today we are highlighting a name that looks to have a decent value and growth combination setup here with a share price in the $20s. The name in question today is CarGurus, Inc. ( CARG ). The company is like a digital matchmaker for the car world, connecting consumers, dealers, and vehicles. If you have not done business with them, it's a marketpl...
Emanuel M Schwermer/DigitalVision via Getty Images Today we are highlighting a name that looks to have a decent value and growth combination setup here with a share price in the $20s. The name in question today is CarGurus, Inc. ( CARG ). The company is like a digital matchmaker for the car world, connecting consumers, dealers, and vehicles. If you have not done business with them, it's a marketplace where you can hunt for new or used cars, but it’s really evolved into a high-tech data hub as AI continues to spread. The company has its own AI capabilities. This idea is the type of stock and idea we highlight at BAD BEAT Investing. A name down on its luck but ready to be bought for its fundamentals. They use a proprietary algorithm to rank deals and give shoppers a level of transparency that was pretty hard to find years ago. They take billions of data points like mileage, trim, and local market trends to determine if a vehicle is a good deal or not. For the dealerships, CarGurus acts as much more than just a place to post listings. Now, the stock has been crushed because of software and AI fears, given that for dealerships this is more of software-as-a-service providing dealers with advanced tools to manage their inventory and price their cars effectively. But AI to completely displace this company does not make too much sense; rather, we see it as being incorporated heavily. Things like the company’s PriceVantage help dealers make real-time pricing decisions, and the so-called Dealership Mode helps shoppers on the lot compare cars right from their phones. They’ve even streamlined the buying process using AI. The company is primarily in the U.S. but is expanding its global footprint. The company and site are actually the most-visited vehicle shopping sites in the U.S., but they also run major marketplaces in Canada and the U.K. Their network actually includes other well-known brands too. They’ve recently simplified their business to focus entirely on the data-driven...
The Winter Olympic Games have gone into hibernation again for four years, until the relighting of the Olympic flame in 2030 by the next host – the French Alps. Norway will be aiming to top the gold-medal count for the fifth consecutive time, but many eyes will be on China to see if it can sustain its rise as a winter sports power. In the Milano Cortina games, the country has just achieved its best...
The Winter Olympic Games have gone into hibernation again for four years, until the relighting of the Olympic flame in 2030 by the next host – the French Alps. Norway will be aiming to top the gold-medal count for the fifth consecutive time, but many eyes will be on China to see if it can sustain its rise as a winter sports power. In the Milano Cortina games, the country has just achieved its best result in a Winter games outside China – five gold medals, four silver and six bronze. That may not...