
eToro posted its first full‑year results as a public company, reporting a net contribution of $868 million, a 10% increase year over year, and GAAP net income of $216 million. Growth was driven by expanded stock, derivatives and ISA offerings, while crypto revenue slipped due to lower retail trading volumes. Funded accounts rose to 3.81 million and assets under administration reached $18.5 billion, prompting a 10% share price jump and a $100 million boost to its buyback program. The broker also announced a 7% global workforce reduction, affecting over 100 employees.

Gold and silver prices plunged up to 4% amid a rallying U.S. dollar and heightened profit‑taking. The sell‑off follows recent geopolitical tensions that initially lifted safe‑haven demand but have now softened. Technically, gold is trading around its 20‑day exponential moving...
The African Union General Assembly endorsed AUDA‑NEPAD’s priority agenda for the acceleration phase of the Second Ten‑Year Implementation Plan of Agenda 2063, reaffirming its mandate across human capital, agriculture, climate resilience, health, industrialisation and infrastructure. It appointed Angola President João Manuel...

Insider buying surged in Q4 2025 across three small‑cap names—Alight (ALIT), Cooper Companies (COO) and AirJoule Technologies (AIRJ). While ALIT trades near $1.30 with a 12% dividend and still carries about 7% short interest, COO is a dividend‑free med‑tech firm that...

A South African Energy Traders Association (SAETA) report declares the unbundling of Eskom Holdings the most consequential economic reform since the end of apartheid in 1994. The study, titled “Policy to power: 10 actions to deliver green, accessible and secure electricity,”...

Amundi has launched a Luxembourg‑domiciled ETF that tracks the Euronext European Strategic Autonomy index, focusing on ten sectors deemed critical for Europe’s self‑sufficiency. The fund, listed on Xetra and also available in Paris, carries a 0.40% annualised total expense ratio...
USD/JPY is hovering around the 153.00 level as traders await key US data. The pair was rejected at the 153.70 resistance, found support near 152.70, and settled back near 153.00. Weak Japanese Q4 GDP, which fell short of forecasts, kept...
The Silent Risk No Gurgaon Investor Is Pricing In (And It’s Not a Crash) Most investors think risk = price falling. Wrong. The biggest hidden risk in NCR today is: Time miscalculation. Not where you buy. But when your capital gets stuck. Real Estate Is a Time-Compression...
In this episode, Dr. Eric Paglia talks with Dr. Andreas Raspotnik, a senior researcher at the Fridtjof Nansen Institute, about the European Union’s rising geopolitical role in the Arctic. They examine how the EU’s response to the recent Greenland crisis...
Wendy’s shares trade at roughly 12 × current‑year earnings and under eight times the 2030 forecast, positioning the stock as a deep‑value play. Analysts project a 34.6% upside with an average 12‑month target of $9.39, though most maintain a Hold rating....

Indian IT giants TCS, Wipro and HCL Tech are gaining investor confidence after the AI Summit 2026 highlighted the sector’s rapid AI adoption. Infosys announced a strategic partnership with Anthropic to embed large‑language models into its service portfolio, signaling a...
Wrong. Vast majority of gold buyers have been non Americans that are more worried that their own fiat currencies will lose value than they are about the USD losing value. And while foreign CBs purchased around $100B of gold...
The Commodity Futures Trading Commission (CFTC) has long regulated prediction markets, but a wave of state lawsuits is challenging its authority. Nearly 50 cases across the U.S. allege that event contracts offered by platforms like Kalshi, Polymarket, Coinbase and Crypto.com...

South Africa's overall unemployment rate slipped to 31.4% in the fourth quarter of 2025, down from 31.9% in the prior quarter and marking a second consecutive decline after a peak of 33.2% a year earlier. Employment rose by 44,000, reaching...

India, the world’s second‑largest crude‑steel producer, is pivoting toward the Middle East and Asian markets to cushion the impact of the European Union’s new carbon border adjustment tax. Roughly two‑thirds of its steel exports currently flow to Europe, where the...
Fund managers are at a five‑year high of bullishness, yet a record share warn that corporate America is overspending on capital expenditures amid uncertain returns. In Bank of America’s February survey of 162 managers, cash balances rose in February, signaling...

The episode examines Mexico’s stalled proposal to shorten the legal workweek from 48 to 40 hours and add an extra day off, a reform that seems at odds with the Morena‑led coalition’s track record of swift, sweeping legislation. Despite holding...

The episode explains that the oil industry needs oil prices around $90 per barrel to achieve a 10% return on capital, the threshold where oil stocks typically outperform the S&P 500. It highlights that current reinvestment rates are just above...

Fascinating study from Bloomberg: S&P Equal Weight outperformance was extremely rare historically: 1999-2002 Dotcom 2009 Post GFC 2020-2021 Covid “Those cases accompanied major shifts in the market.” “Equal-weight S&P managed to maintain some outperformance 250 days later.” “The big question: whether this is the start of an...
EdenTree Investment Management has rebranded a large portion of its fund lineup to reflect the completion of Sustainable Development Reporting (SDR) labelling across the entire range. The renaming aligns each strategy’s name with its ESG focus, making sustainability credentials more...

The U.S. Energy Information Administration’s February short‑term energy outlook projects total U.S. crude oil production, including lease condensate, to fall from an average of 13.60 million barrels per day in 2026 to 13.32 million barrels per day in 2027. The decline is...
The FTSE 100 delivered a strong performance this year, climbing roughly 12% despite lingering macro uncertainties. Yet UK equity funds continued to see net outflows, with investors pulling about 15% less capital compared to the previous year. The reluctance stems...

The episode examines a REIT's high‑yield bond, which trades above 7% with a 340‑basis‑point spread despite solid market fundamentals and improving leasing. Management is actively selling $280‑300 million of assets, using proceeds to cut debt and potentially buy back bonds, positioning...
Iran launched naval drills in the Strait of Hormuz “Maximum pressure” cuts both ways. Iran wants nuclear-only talk, while the US wants missiles and proxies too The “deal space” is small and the risk premium stays high. https://t.co/Gs9viHRneW #oil #Brent #Hormuz #Iran #geopolitics #energysecurity #OPEC...
Cameco (CCJ) has surged 136% over the past year, outpacing the broader energy sector as uranium demand rebounds. The company posted Q4 2025 earnings of $0.36 EPS and $875 million revenue, both beating analyst forecasts. Its disciplined contracting strategy secured roughly...

Indian small‑cap earnings for Q3 FY25 matched consensus forecasts, signalling a shift toward earnings normalisation after a period of rapid growth. While profit expansion has steadied, valuations remain elevated relative to peers, prompting analysts to stress quality over sheer size....

A growing number of board games and digital apps are being used to teach adults budgeting and money‑management skills. Titles like Monopoly, Cashflow, Payday and the Budget Challenge app let players experiment with cash flow, debt, savings and passive‑income concepts...

Challenger Life, an Australian life insurer, reported that its catastrophe bond and broader insurance‑linked securities (ILS) investments outperformed the Plenum CAT Bond UCITS Fund Index over the last six months. The cat bond segment delivered a return above the index’s...
$META is an interesting case. Make a massive compute investment entirely for internal needs. Unlike virtually any of the big data center spend which in other cases is partly internal and partly to rent to others, META ROI seems...
London Stock Exchange Group (LSEG) and Bank of America have entered a multi‑year partnership to embed LSEG’s data, analytics and workflow solutions across BofA’s platforms. The deal gives BofA clients governed, rights‑cleared data and AI‑ready content, powered by LSEG Workspace,...
Balanced take from Bob. While the headline may be different than my "get out" thesis. The meat says the same. Flows suggest marginally weaker dollar and relative underperformance of U.S. stocks vs ROW. Don't panic out...

Low-debt countries like Germany are hopelessly outnumbered at the ECB. That's why ECB policy is inexorably drifting to help high-debt countries at the expense of low debt ones. So no surprise BuBa President Nagel supports Eurobonds. Going with the flow......

Diamond Power Infrastructure (DICABS) posted a net profit of ₹50 crore in the December quarter, an eight‑fold increase from the same period last year. Revenue surged 54 percent to ₹474 crore, driven by higher capacity utilization and premium EHV cable sales. The firm...

New DSR released to clients. Part 3 in the Hamburger Series - Hyperscalers. As a reminder the idea is that to get a hamburger today one needs to promise to repay (issue debt and equity) on tuesday. ...

UK Unemployment Rises and Private Pay Increases Slow to Five-Year Lows, Pulling Sterling Lower: The US dollar is mixed against the G10 currencies. A healthy reception to Japan’s five-year bond auction helped extend the rally in JGBs, and despite the…...
The episode examines the recent rebound in wheat prices, noting a 3.6% weekly gain that places futures just below the long‑term technical ceiling. While global production remains near record levels—841.8 million tonnes—with strong output from Russia, Argentina, and the EU, U.S....

Almost 90% of global public bonds trade at a yield lower than 5%: Apollo's Torsten Slok. "With inflation at close to 3%, this means that investors in public fixed income only get a 2% real return each year." https://t.co/oCUWfCIGpn

EU countries’ resistance risks blunting latest Russia sanctions package https://t.co/ck1N8lGobr via @AlbertoNardelli @AfPalasciano @donatopmancini https://t.co/6LWNSkOoNN

Thai banks’ non‑performing loan ratio slipped to 2.84% at December, down from 2.94% in September. Bank lending fell 1.1% in Q4 2025, marking the sixth straight quarter of contraction, driven by tighter credit to SMEs and consumers. Household debt remains...

What a re-rating for Walmart stock. From 6x EBITDA in 2011 to 23x today. Sometimes buying good businesses cheaply just works. https://t.co/ORuNNv1HBY
This week’s episode explores a dramatic shift in sentiment that unfolded in just a few days. Emily and Michael are joined by Jay Glickson (Macro Sales) to discuss what institutional investors are saying, how AI disruption fears are shaping their...

Realtor.com’s January 2026 Rental Report shows the 29th consecutive month of year‑over‑year rent declines for 0‑2‑bedroom units, with the median asking rent falling 1.5% to $1,672. Vacancy rates in the nation’s 50 largest metros rose to 7.6%, the highest since...
"AI Revolution" - Nvidia unchanged since July, off 3% in 2026. Street Research $NVDA at $181 Buys 92.8% ...

Disappointing UK jobs data and German ZEW expectations is helping the $USD extend its gains today. Robust reception to Japan's 5yr bond sales helped ignite JGB rally and lifted the $JPY. Softer US rates and heavier equities after US holiday....
Transaction Network Services (TNS) has upgraded its Data Usage Optimizer (DUO) with an interactive customer portal, giving buy‑side and sell‑side firms direct, on‑demand access to cost‑analysis tools. The portal transforms raw vendor entitlement files into actionable dashboards that pinpoint unused...

"38% of FMS investors believe that, all else equal, the nomination of Kevin Warsh as the next Fed Chair will likely lead to higher US Treasury yields and a lower US dollar." - BofA Global Fund Manager Survey https://t.co/5m0L3ZjRg1

"capex too hot right now …CIOs telling CEOs to improve balance sheets (35% from 26%) vs. increase capex (20% from 34%) as FMS investors saying corps 'overinvesting' at new record high" - BofA Global Fund Manager Survey https://t.co/ciu0wy6GZP

Ukraine’s grain exports have slumped dramatically as Russian shelling intensifies attacks on Black Sea ports and energy infrastructure, cutting monthly shipments from 3.6 Mt to 2.5 Mt. Year‑to‑date volumes are 28.5% lower and export value down 18%, eroding billions of foreign‑currency earnings...

Greek dry‑bulk carrier Almi Marine has re‑entered the new‑building market after a four‑year hiatus, signing a contract for two next‑generation 64,000 dwt ultramax vessels with Nantong Cosco KHI Ship Engineering (NACKS). The ships, slated for delivery in the second quarter of...
The London Stock Exchange marked a milestone 2025, delivering a record‑breaking year for exchange‑traded products (ETPs). Trading volume surged to GBP 238.4 billion, a 38% year‑on‑year increase, while 398 new listings pushed the total to 2,645 ETPs. The removal of the retail...