Receive free Argentina updates We’ll send you a myFT Daily Digest email rounding up the latest Argentina news every morning. Argentina and the IMF have agreed a last-minute deal to prevent the troubled South American economy entering into arrears with the fund, offering some stability ahead of October’s crucial presidential elections. After three months of…
Receive free Niger updates We’ll send you a myFT Daily Digest email rounding up the latest Niger news every morning. There was a weary familiarity about the scene late on Wednesday when a rag-tag group of soldiers in mismatching uniforms, calling themselves the National Council for the Safeguarding of the Country, took to the airwaves…
Receive free Bank stress tests updates We’ll send you a myFT Daily Digest email rounding up the latest Bank stress tests news every morning. Only three of Europe’s 70 biggest banks would be forced to raise capital in a doomsday scenario, the EU’s top banking regulator said on Friday, as it praised the “robust” nature…
Receive free Venezuela updates We’ll send you a myFT Daily Digest email rounding up the latest Venezuela news every morning. The narco-terrorism trial of a Venezuelan spy chief known as “The Chicken” has laid bare the trafficking sideline of the country’s revolutionary Bolivarian regime, which allegedly sought to “flood” America with cocaine. After a years-long…
Fresh from taking down one of the country’s most important bankers, Nigel Farage has a new target: Britain’s entire financial system. One of the principal architects of Brexit, Farage wants to be the standard bearer for the thousands of other people who have been stripped of their bank accounts and credit cards for political or…
Receive free Wang Yi updates We’ll send you a myFT Daily Digest email rounding up the latest Wang Yi news every morning. Australia’s foreign minister Julie Bishop thought everything was going well at a meeting with Wang Yi in 2013, as her Chinese counterpart launched into an animated opening speech in Mandarin. But then the…
Receive free Life & Arts updates We’ll send you a myFT Daily Digest email rounding up the latest Life & Arts news every morning. Our subject, a 45-year-old French male, called Nato “brain-dead”. He supports industrial protection at both the national and EU levels of government. When I arrived in Washington in 2018, he was…
Receive free Chinese society updates We’ll send you a myFT Daily Digest email rounding up the latest Chinese society news every morning. Beijing law student Feifei enjoyed the Barbie movie so much she went to see it twice this week, each time wearing a bright-pink baseball cap. Greta Gerwig’s Hollywood blockbuster — which tackles feminism,…
Receive free US-China relations updates We’ll send you a myFT Daily Digest email rounding up the latest US-China relations news every morning. The US will provide Taiwan with $345mn in weapons, marking the first time the Pentagon will send arms directly to the country to boost its defences amid rising concern about assertive Chinese military…
Consider the plight of the letter “x”. Once comfortably reclining towards the end of the alphabet, used for mysterious unknowns or the confounding variable, or adding a touch of Latinate sophistication, it now finds itself in the crosshairs of corporate interests. After ventures with electric cars at Tesla and spaceships at SpaceX, Elon Musk has…
Receive free Niger updates We’ll send you a myFT Daily Digest email rounding up the latest Niger news every morning. The head of Niger’s presidential guard has declared himself leader of the west African country after instigating the coup this week that deposed its pro-western leader. Abdourahmane Tchiani, who has headed the presidential guard since…
Receive free Capital markets updates We’ll send you a myFT Daily Digest email rounding up the latest Capital markets news every morning. The golden age of doing nothing has arrived for investors, just in time for summer. Fund managers often find that the August escape to the beach (in the northern hemisphere at least) is…
Receive free War in Ukraine updates We’ll send you a myFT Daily Digest email rounding up the latest War in Ukraine news every morning. Ukrainian artillery crews have been firing rockets made in North Korea against Russian positions, turning Pyongyang’s munitions against the invasion forces of its ally President Vladimir Putin. The North Korean arms,…
Receive free Markets updates We’ll send you a myFT Daily Digest email rounding up the latest Markets news every morning. US stocks advanced on Friday after the Federal Reserve’s preferred measure of inflation fell to its lowest level since the start of the coronavirus pandemic, lowering the chances of another interest rate rise in September….
Receive free Airlines updates We’ll send you a myFT Daily Digest email rounding up the latest Airlines news every morning. Travellers determined to take to the skies despite soaring ticket prices have pushed airline profits to fresh heights, as resilient consumer spending buoys the global economy. As they reported record profits on Friday, British Airways-owner…
fizkes/iStock via Getty Images Introduction Interpublic Group (NYSE:IPG), one of the leading global advertising and marketing services companies, got slaughtered after its latest earnings report. The company is currently trading 23% lower than it was before earnings. Unfortunately, the earnings results were disappointing. Nonetheless, we believe Interpublic Group is a buy at the current valuation,…
Detry26 On Friday, July 28, 2023, oil and gas supermajor Exxon Mobil Corporation (NYSE:XOM, “Exxon Mobil”) announced its second quarter 2023 earnings results. At first glance, these results appeared quite disappointing as the company failed to meet the expectations of its analysts on either the top or the bottom lines. There were some good things…
Scott Olson Investment Thesis The earnings are just around the corner for Wingstop (NASDAQ:WING), so I wanted to take a look at the company’s financial health and see if its PE ratio is justified by looking at its outlook. Even if I am being generous on the valuation assumptions, the company is well above its…
ams-OSRAM AG (OTCPK:AMSSY) Q2 2023 Earnings Conference Call July 28, 2023 5:00 AM ET Company Participants Juergen Rebel – Head IR Aldo Kamper – CEO Rainer Irle – CFO Conference Call Participants Janardan Menon – Jefferies Francois Bouvignies – UBS Sandeep Deshpande – JPMorgan Adam Angelov – Bank of America Sébastien Sztabowicz – Kepler Cheuvreux…
Orchid Island Capital, Inc. (NYSE:ORC) Q2 2023 Earnings Conference Call July 28, 2023 10:00 AM ET Company Participants Robert Cauley – Chairman and CEO Hunter Haas – CFO Conference Call Participants Matthew Erdner – JonesTrading Mikhail Goberman – JMP Securities Christopher Nolan – Ladenburg Thalmann Operator Good morning and welcome to the Second Quarter 2023…
Canfor Corporation (OTCPK:CFPZF) Q2 2023 Earnings Conference Call July 28, 2023 11:00 AM ET Company Participants Don Kayne – President & Chief Executive Officer, Canfor Corporation Kevin Edgson – President & Chief Executive Officer, Canfor Pulp Pat Elliott – Chief Financial Officer, Canfor Corporation & Canfor Pulp & Senior Vice President, Sustainability Kevin Pankratz –…
metamorworks/iStock via Getty Images Investment Thesis Opendoor Technologies Inc. (NASDAQ:OPEN) is a stock that I’m bullish on. Here, I explain some key investment lessons I’ve taken from investing in Opendoor and how you too can pick up helpful nuggets. And how investors should now think about Opendoor going forward. According to my estimates, Opendoor is…
Dimensions Elevator Pitch I continue to rate Atour Lifestyle Holdings Limited (NASDAQ:ATAT) stock as a Hold. I previously published an initiation article for ATAT on January 19, 2023, referring to Atour Lifestyle as “a play on a rise in the hotel chain penetration rate and strong demand for upper midscale hotels in China.” The focus…
As per the UK Office for National Statistics, the UK unemployment rate was estimated at 4.0% for the second quarter of this year, which is 0.2% higher than the previous quarter. The job market in the UK is suffering a sharp decline. The experts believe the crisis has been caused not only by the general…
Healthpeak Properties, Inc. (NYSE:PEAK) Q2 2023 Earnings Conference Call July 28, 2023 9:00 AM ET Company Participants Andrew Johns – SVP, IR Scott M. Brinker – President and CEO Peter A. Scott – CFO Scott R. Bohn – Chief Development Officer and Co-Head of Life Science Thomas M. Klaritch – COO Conference Call Participants Juan…
The prospective Phoenix Technology IPO is expected sometime this year in Abu Dhabi. However, there are no further details on size and price. Crypto mining equipment retailer Phoenix Technology is considering an initial public offering (IPO) according to reports. On Friday, Bloomberg reported that the company is already in preliminary discussions, citing people familiar with the matter….
ArtistGNDphotography Investment thesis I reaffirm my buy rating on Enphase Energy, Inc. (NASDAQ:ENPH) and update my revenue and EPS estimates following the company’s Q2 results, which came in mixed as they beat the EPS consensus but missed on revenue for the first time since Q3 2018. This is how I described the company in my…
A noteworthy aspect of Sequoia Capital’s approach is the strategic shift towards supporting younger startups, diverting attention from larger companies. Sequoia Capital, a venture capital giant based in Silicon Valley, has recently made significant adjustments to its cryptocurrency and ecosystem funds, as detailed in a report by The Wall Street Journal. The strategic moves are…
KanawatTH Written by Sam Kovacs. Introduction Piedmont Office Realty Trust, Inc. (PDM) just cut its dividend by 41% from $0.21 per quarter to $0.125, effectively slashing an 11% yield into an 7% yield. Ouch! PDM DFT Chart (Dividend Freedom Tribe) In the meantime, we’ve been implementing a strategy which has been generating 14% net yields,…
Crypto.com’s entrance to the Dutch market comes a few weeks after Binance exited the country due to regulatory hurdles. Leading digital asset service provider Crypto.com has successfully registered its business offerings with the Dutch central bank to offer crypto services in the Netherlands. In an announcement on June 28, the company said it obtained approval…
May Lim Introduction Since 2014 I’ve been a huge fan of visiting Las Vegas. I’ve made it my business to visit the popular destination a minimum of once a year. For the last 9 years I’ve probably been more than 30 times. My friends and family often make fun of me and seem to think…
Hayes says ETH will skyrocket sometime in the next few years as the AI revolution strengthens and DAOs begin to form. Co-founder and former CEO of the BitMEX crypto exchange Arthur Hayes believes that Ethereum (ETH) will be the main winner and beneficiary of the AI revolution over the next decade. In a long-form blog post titled…
Supatman/iStock via Getty Images Everyone is talking about generative AI’s ability to impact businesses, but few have measured what companies are actually doing with this groundbreaking technology. That gap is now starting to be filled, thanks in part to an in-depth study by TECHnalysis Research that dives into the details of how US-based businesses are…
Meanwhile, the British Museum is not the only cultural institution engaging with the crypto ecosystem. The British Museum, a renowned institution steeped in culture and history, is venturing into the world of the metaverse through a partnership with The Sandbox, an Ethereum-based metaverse game. With this collaboration, the museum plans to create a collection of…
jxfzsy Dear Investors, The Headwaters Capital Management, LLC (“Headwaters Capital,” “Headwaters,” or the “Firm”) portfolio gained +17.4% (17.2% net) for the second quarter of 2023 compared to a +4.8% return for the Russell Mid Cap Index. A brief discussion of the performance and trading activity during the quarter is presented below. Headwaters Capital Returns: Q1…
eToro said that it will continue to empower our Spanish users by providing them with access to a diverse range of asset classes. Multi-asset investment platform eToro announced on Friday, July 28, that the Bank of Spain has approved its registration as a service provider for offering virtual assets, fiat assets, and other custodial wallet…
Extreme Media Investment Outline The returns in the healthcare industry seem to have been largely muted as more and more people flocked to tech stocks instead and other exciting high-growth industries. But this has left a vacuum and upside that needs to be filled. The share price of GSK plc (NYSE:GSK) is down 15% on…
This is an opinion editorial by Logan Chipkin, a professional writer who creates educational content about Bitcoin and other topics. In “The Fiat Standard,” economist Saifedean Ammous argues at length that the United States federal government has been propagandizing the masses into choosing “cheap industrial substitutes” and “massively reducing (its) meat consumption” since at least…
canakat Once the (insane) debt-ceiling hostage-taking was resolved, most analysts with a microphone or a keyboarded were predicting and warning that there would be a catastrophic liquidity squeeze and market crash as the Treasury created debt-securities to refill the TGA (Treasury cash account) and to pay back the government Agencies – that were raided during…
DoorDash’s deployment of an AI-based chatbot is just one of the recent additions and service offerings the company has introduced to enhance its food delivery platform. DoorDash Inc (NYSE: DASH), a prominent food-delivery service in the United States has reportedly joined the recent Artificial Intelligence (AI) frenzy with the development of a cutting-edge system called…
Michael Vi/iStock Editorial via Getty Images Overview Adobe (NASDAQ:ADBE) shares have had an interesting trajectory throughout this year. While trading below the NASDAQ Composite’s price return throughout most of the first half, its shares saw significant appreciation in the run up to its latest earnings report. These gains have persisted, and another round of buying…
To continue serving its sign-ups and entice users to return to Threads, Meta wants to add more “retention-driving hooks.” Following its buzzy launch and recording over 100 million users within a week of rolling out Threads, the executives of Meta Platforms (NASDAQ: META) are now working on boosting retention on the new app. The management…
hapabapa Listen below or on the go on Apple Podcasts and Spotify Intel (INTC) surges as Q2 results show PC rebound underway, strong guidance. (00:27) U.S. crude oil (CL1:COM) benchmark closes above $80 for the first time since April. (01:41) First Solar (FSLR) to invest $1.1B in new U.S. factory; posts strong Q2 earnings beat….
The Beam wallet has been designed atop Ethereum Layer-2 blockchains such as Coinbase’s Base and Optimism for facilitating faster crypto transactions at low cost. Money and payments platform Eco announced the launch of its cash-like crypto wallet Beam backed by some of the biggest players and notable digital asset investors. This includes names such as…
simonkr Investment Summary Founded in 1887 Albemarle Corporation (NYSE:ALB) has grown into a giant in the materials sector. With a market cap of $26 billion, the company is heavily benefiting from the EV revolution as the lithium they mine is a major part of this EV transition. For investors seeking exposure in other ways than…
The move is expected to boost the usage of non-fungible tokens (NFTs) within the gaming industry. Animoca Brands, a gaming and metaverse heavyweight has bet big on the crypto super app hi by investing $30 million into the project. According to the firm, the move is expected to boost the usage of non-fungible tokens (NFTs)…
Sean Anthony Eddy Investment action I recommended a buy rating for Conmed (NYSE:CNMD) when I wrote about it the last time, as I was positive on the revised guidance, which reflected recovering share dynamics following the disruption early in 2023 and improvements in procedure volumes and staffing. Based on my current outlook and analysis of…
The motion to dismiss a lawsuit filed by Binance’s legal team highlights the argument that CZ is not subject to US jurisdiction as he resides in the United Arab Emirates. Binance, the world’s largest cryptocurrency exchange, filed a motion to dismiss a lawsuit brought against the company by the United States Commodity Futures Trading Commission…
dianaarturovna/iStock via Getty Images The following segment was excerpted from this fund letter. Expert Market Exposure Our exposure to stocks trading in the expert market increased significantly in the quarter, due to purchases noted above in PD-Rx and First IC, and due to the purchase of Propel Media (OTC:PROM) profiled below. Expert market stocks are…
Finance chief David Zinsner attributed the better-than-expected Q2 2023 earnings to some internal developments at Intel. After two consecutive quarters of losses, semiconductor corporation Intel Corporation (NASDAQ: INTC) has returned to profitability in Q2 2023. For the three months that ended on July 1st, the company exceeded analysts’ expectations in earnings for the first time…