OXLCI: The Common Equity Is Tricky, The Bonds Are Not
Oxford Lane Capital Corp.'s common equity has slumped sharply, yet its OXLCI baby bonds remain resilient. The bonds carry an 8.75% coupon, delivering a yield‑to‑maturity near 8%, and are backed by coverage ratios above 340%, far exceeding the 300% regulatory floor. A recent dividend cut on the common shares has bolstered NAV and reinforced bondholder protection. Management’s track record of navigating multiple credit cycles adds confidence to the fixed‑income offering despite equity volatility.
Albert Hirschman Strikes Back
Albert O. Hirschman's 1945 work *National Power and the Structure of Foreign Trade* was largely ignored when published, but its analysis of how states engineer trade for strategic advantage is resurfacing amid today’s intensifying geoeconomic conflict. The book argued that...
Amazon Reportedly Targeting Up To $42 Billion In Bond Sale
Amazon filed a preliminary prospectus to raise between $37 billion and $42 billion in a mixed‑currency bond offering, the largest since its $15 billion sale in November. The proceeds are earmarked for Amazon’s aggressive AI push, including massive data‑center construction and a recently...
Morningstar DBRS Assigns Credit Rating to the Mortgage Loan Made to 516 Northwestern Associates L.P.
Morningstar DBRS assigned a stable A rating to the $10.8 million mortgage loan for 516 Northwestern Associates, secured by a 135,324‑sq‑ft office‑lab‑classroom building on Purdue University’s West Lafayette campus. The loan carries a 4.14% interest rate, matures in November 2039, and...
How to Profit From Oil's Decline After Its Historic Spike
Oil prices surged to historic highs amid Iran‑related tensions, prompting trader Nishant Pant to propose a bearish play on the United States Oil Fund (USO). Pant recommends a $1‑wide at‑the‑money bear put spread with a 35‑50 day expiration to capture...
What Wall Street Is Saying About Semiconductor Names Qualcomm (QCOM), Nvidia (NVDA) and SolarEdge (SEDG) Today
Wall Street analysts adjusted ratings for three semiconductor‑related stocks this week. Bank of America moved Qualcomm (QCOM) to Underperform with a $145 price target, citing mature smartphone demand and the loss of Apple business. Truist kept its Buy rating on...
Fiscal Deficit as Percentage of GDP Revised Upwards for FY'23 to FY'25 After GDP Base Revision
India’s fiscal‑deficit ratios have been revised upward for FY 2022‑23 to FY 2024‑25 after the government adopted a 2022‑23 GDP base year. The new series shows deficits of 6.7 % in 2022‑23, 5.7 % in 2023‑24 and 4.9 % in 2024‑25, compared with earlier estimates...
Morningstar DBRS Assigns Credit Rating to the Mortgage Loan Made to Miracle Mile Properties, LP
Morningstar DBRS assigned an A (low) rating with a Stable trend to a 4.14% mortgage loan due July 1, 2038, financing Miracle Mile Properties' Glenwood Apartments in Reseda, California. The 237‑unit, garden‑style property is valued at $12.4 million, yielding a loan‑to‑value...
63 Delightful Things to Buy With Your Leftover FSA Funds
The article reminds readers that the 2025 Flexible Spending Account deadline is March 15, after which unused pretax dollars are forfeited. It offers a curated list of 63 FSA‑eligible products, spanning everyday medical supplies, skincare, oral care, and high‑tech wellness gadgets....
Saudi Arabia Turns to Fahad Al-Saif As Vision 2030 Faces Reality Check
Saudi Arabia has replaced veteran investment minister Khalid Al‑Falih with former HSBC banker Fahad Al‑Saif amid mounting pressure to boost foreign capital. Foreign direct investment last year accounted for just 2.1% of GDP, far short of Vision 2030 targets, while government...
Retirement Savings by State – 2026 Study
SmartAsset’s 2026 study ranks 40 states by median retirement savings in tax‑advantaged accounts. Massachusetts tops the list with $150,000 median savings and a 74.8% account‑holding rate, while Mississippi sits at the bottom with $35,000 and only 41.8% participation. Maryland leads...
Ambassador Bozell Flags Scale of US Tech Investment in South Africa
U.S. Ambassador Leo Brent Bozell III highlighted that more than 500 American companies operate in South Africa, collectively employing around 250,000 people. He emphasized the strong presence of tech giants such as Microsoft, Amazon Web Services, Google and Visa, which...
USDCHF Technicals: The USDCHF Tilted the Bias Back to the Downside Late Yesterday
The USD/CHF pair slipped below its 100‑hour and 200‑hour moving averages, turning the short‑term bias bearish. During the Asian‑Pacific session the price briefly crossed the 200‑hour MA but stalled in a resistance zone between 0.7785 and 0.7793, allowing sellers to...
Broker’s Call: Ambuja Cements (Buy)
HDFC Securities maintains a Buy on Ambuja Cements, setting a revised target price of ₹680 per share, down from ₹700, while the stock trades at ₹462.30. Management highlighted healthy demand momentum and a recovering cement price environment, alongside ongoing plant‑infrastructure...
Prop Firm For Traders Adds Prediction Markets Beta
For Traders, a Prague‑based retail prop trading firm, announced the beta launch of its Prediction Markets trading platform. The beta runs as a free monthly competition ending on April 9, 2026, allowing participants to trade on event outcomes. The firm says the...
Hounslow Unveils £7.5bn Golden Mile London Regeneration Plans
Hounslow Council unveiled the Golden Mile London regeneration programme, a 15‑year, £7.5 billion initiative. The plan calls for 14,000 new homes and aims to generate 25,000 jobs in creative, digital and technology sectors along the 4 km stretch between Heathrow and central...
Canola Watches CUSMA Talks
Canadian canola exports are heavily dependent on the United States, with 78% of oil shipments projected for 2025 and 66% of meal exports in 2024. The joint review of the Canada‑U.S‑Mexico Agreement (CUSMA) begins July 1, and the U.S. is conducting...
Harbor Multi-Asset Explorer ETF Q4 2025 Commentary
Harbor Multi‑Asset Explorer ETF posted a 2.74% NAV return in Q4 2025, contributing to an impressive 18.56% total return for the year. The fund’s performance was anchored by broad S&P 500 exposure, especially strong Health Care stocks, and was bolstered by gold...
Wall Street Tail-Risk Hedges Rally as Conflict Shakes Markets
Wall Street’s tail‑risk hedges have surged as the Iran‑Israel conflict wiped roughly $6 trillion from global equities and pushed oil above $100 per barrel. Leveraged VIX ETFs such as UVIX and UVXY jumped 30% and 20% respectively in March, while long‑expiry...
Almost Half of Traditional Derivatives Exchanges ‘Considering’ Prediction Markets
Research by Connamara Technologies and Acuiti shows that 47% of traditional derivatives exchanges are actively considering launching prediction markets, though only 5% have made a firm commitment. Respondents identified market‑design complexity, system integration, and post‑trade settlement as the top technical...
Applied Materials Q1 2026 Free Cash Flow Hit $1.04 Billion, So Why Is the Stock Sliding
Applied Materials reported Q1 2026 earnings that beat expectations, posting non‑GAAP EPS of $2.38 and a 91% jump in free cash flow to $1.04 billion. Revenue slipped 2.1% and operating income fell about 30%, while the company announced a $253 million settlement...
Applied Materials Q1 2026 Free Cash Flow Hit $1.04 Billion, So Why Is the Stock Sliding
Applied Materials posted a 91% jump in free cash flow to $1.04 billion and beat Q1 earnings expectations, yet its stock fell 11% to $328 as revenue slipped 2.1%. The company sees AI‑driven semiconductor equipment demand growing over 20% this year,...
Rheinmetall Ahead of Earnings: Europe's Rearmament Drives Orders, Stock Still Has Upside
Rheinmetall will release its FY 2025 results on March 11, with analysts expecting a Q4 order surge as German procurement resumes and broader European rearmament picks up. The strongest demand is projected in weapons and ammunition, while electronic solutions should gain from...
Busting the Myth of Treasuries as a Haven
Recent market episodes, including the US‑Iran war and the 2022 rally, showed stocks and Treasuries moving together, challenging the notion that Treasuries act as a safe haven in bear markets. Bloomberg’s analysis of data back to 1926 finds near‑zero correlation...
PBSA Remains Top Choice for European Investors, Savills Survey Finds
A Savills survey of European real‑estate investors shows purpose‑built student accommodation (PBSA) remains the most favoured asset class, outpacing other sectors. While PBSA holds the top spot, allocations to single‑family rentals, co‑living, senior living and care homes are rising. The...
Will a $1,000 Overtime Deduction Restore Your Take-Home Pay?
Alabama lawmakers are revisiting overtime taxation with House Bill 527, which would allow a $1,000 state income‑tax deduction for overtime wages from 2025‑2027. The proposal follows the 2022 repeal of a full overtime exemption that cost the state an estimated...
Enduring Storage Deficits in Key Regions Could Further Bolster Natural Gas Forward Prices
Natural gas inventories in major consuming regions ended February in significant deficits despite robust production and near‑normal overall storage. The East is 17% below its seasonal average, the Midwest 16% short, and the South Central also lagging. These regional shortfalls...
Iran War Sends Prices in Next Door Turkmenistan Soaring
The Iran‑Israel war has triggered Tehran to ban all goods and agricultural exports, instantly inflating prices in neighboring Turkmenistan. Mandarins, apples and cigarettes have roughly doubled, squeezing pensioners and low‑income consumers. Central Asian economies, which depend on Iranian transit corridors...
#58522
Powell Industries, Inc. announced a 3‑for‑1 stock split effective April 6, 2026, with a record date of March 20, 2026 and payable date of April 2, 2026. The split will triple the number of outstanding shares while reducing the share price to roughly one‑third. OCC will...
Bloomberg BFIX to Integrate Euronext FX Spot and Precious Metals Transaction Data
Bloomberg Index Services announced that its Bloomberg FX Fixings (BFIX) benchmark will incorporate transaction data from Euronext FX’s spot foreign‑exchange and precious‑metals markets. The addition expands BFIX’s data pool, aiming to enhance the benchmark’s robustness, transparency, and representativeness across global currency...
Market Sentiment Improves Further on Saudi Oil Rerouting, Dollar Stays Soft
Global markets rallied as Saudi Aramco activated the East‑West pipeline, restoring roughly 70% of its crude exports—about 5 million barrels per day—despite Gulf shipping disruptions. The move eased fears of a major oil supply shock, keeping WTI near $90 and lifting...
Tin Market Volatility Intensifies as Global Demand for Strategic Metals Grows
Tin prices surged to a projected $54,925 per ton for the week of March 9‑14 2026, according to the DRC’s National Market Commission, while Boursorama data on March 10 showed a daily dip to $48,275 per ton, underscoring sharp volatility. The metal’s small...
The USD Is Little Changed vs the Major Currency Pairs After the Ups and Downs Yesterday
The U.S. dollar showed little movement against the euro and yen while slipping slightly versus the pound after yesterday's volatility. Crude oil traded above the $90 psychological barrier, signaling continued bullish pressure. U.S. Treasury yields edged lower, with the 2‑year...
Tickblaze Announces CME Futures Market Data Distribution Partnership
Tickblaze announced a partnership to embed CME Group futures market data into its trading platform, delivering both Level 1 top‑of‑book pricing and Level 2 depth‑of‑market information. The integration supplies real‑time, exchange‑sourced data directly to traders while Tickblaze manages entitlement, reporting and compliance...
UAE Homebuilders to Prioritise Cash Conservation After Geopolitical Shock, Fitch Warns
Fitch Ratings warned that UAE homebuilders will shift focus to cash conservation after the regional conflict, as property viewings have already declined. The agency noted that pre‑sale escrow accounts provide short‑term stability for projects already under construction, but future developments...
India's 20 Years of GDP Misestimation: New Evidence
A new working paper reveals that India’s GDP figures have been systematically misestimated over the past two decades. Growth from 2005 to 2011 was likely understated by roughly 1–1.5 percentage points, while the 2012‑2023 period appears overstated by about 1.5‑2...
AI, India, and the Future of Service-Led Growth
Raghuram Rajan argues that India’s service‑led growth model—built on software, consulting and urban services—remains resilient despite AI’s rise. He explains how services have become embedded in tradable goods, turning back‑office functions into Global Capability Centres that command a strong cost...
Oil Surged Past $100 Before Coming Back to Earth. Wall Street Is Bracing for What Comes Next.
Oil prices surged past the $100‑a‑barrel benchmark over the weekend as tensions escalated in Iran, prompting panic across markets. G7 nations quickly pledged to tap strategic reserves and President Trump’s reassurance helped pull prices back, allowing major indexes to close...
VW to Cut 50,000 Jobs by 2030 Amid Trump Tariffs and Falling Chinese Sales
Volkswagen announced a plan to eliminate 50,000 jobs across its German operations by 2030, adding to a prior agreement to cut 35,000 positions through attrition. The move follows a 54% plunge in pre‑tax profit to €8.9 bn, driven largely by U.S....
Liverpool Launches £2bn Investment Fund to Boost Housing and Regeneration
The Liverpool City Region has unveiled a £2 bn Investment Fund designed to accelerate housing construction, office and lab development, and transport upgrades. The fund aggregates existing and new public capital to support a £2 bn pipeline of up to 64,000 homes...
Florida’s C-PACE Program Is a Game Changer for Hotel Owners
Florida’s commercial‑property‑assessed‑clean‑energy (C‑PACE) program has shifted from a niche financing tool to a core capital solution for hotel owners. Legislative changes, notably Senate Bill 770, broadened eligible resiliency upgrades, and the state eliminated the 3.5‑year lookback, allowing retroactive financing on...
TD Cowen Downgrades Novo Nordisk on Concerns over Semaglutide Patent Loss, Pipeline Outlook
TD Cowen downgraded Novo Nordisk to hold and trimmed its price target to $42, citing an imminent loss of semaglutide exclusivity and a lackluster pipeline. The analyst highlighted that the semaglutide patent expires in several key markets this month, opening the...
LME to Proceed with Move From American-Style to European-Style Metal Options
The London Metal Exchange (LME) announced it will replace American‑style metal options with European‑style contracts after a consultation that garnered strong support. Respondents highlighted that early exercise is uncommon and that the change would streamline the expiry process. LME Clear’s...
Oregon Man Won $5K a Week for Life From PCH — They Went Bankrupt and His Income Vanished. How to...
John Wyllie, a 61‑year‑old Oregon resident, won a $5,000‑per‑week lifetime annuity from Publishers Clearing House in 2012, receiving $260,000 annually. In 2025 PCH filed for bankruptcy, abruptly stopping the payments and leaving Wyllie and at least nine other winners unpaid....
Market Spinning After 'Most Epic Price Reversal in Oil History'
Oil prices surged past $100 per barrel before reversing sharply, marking what analysts call the most epic price reversal in oil history. The swing was driven by mixed signals about the U.S.–Iran conflict, including President Trump's comments and hopes of...
KB Asset Management Launches RISE China AI Semiconductor Top 4 Plus ETF
KB Asset Management and Solactive have launched the RISE China AI Semiconductor Top 4 Plus ETF, which tracks the Solactive China AI Semiconductor Top 4 Plus Index. The index selects 15 Chinese companies listed in Hong Kong or via Stock...
This Cybersecurity Stock Is Positioned to Capitalize on AI Tailwinds, Says Morgan Stanley
Morgan Stanley upgraded CrowdStrike (CRWD) to overweight, raising its price target to $510, implying roughly 17% upside. Analyst Meta Marshall highlighted the company’s AI‑driven platform advantage and the rapid expansion of its Falcon Flex subscription model, which grew 120% year‑over‑year in...
Denis Beau: Economic Developments in France and the Euro Area
Denis Beau highlighted that France and the euro area have remained surprisingly resilient despite a cascade of shocks, including the Covid‑19 pandemic, the war in Ukraine, and heightened trade tensions. Inflation has dropped sharply, reaching 1.7 % in January and nearing...
Michele Bullock: Listening to Australians, Interpreting the Data and Setting Monetary Policy
Michele Bullock, the Reserve Bank of Australia governor, outlined why the Board unanimously raised the cash rate in February. She highlighted that inflationary pressures have intensified since mid‑2022, driven by capacity constraints and a still‑tight labour market. Underlying price growth...
Sarah Hunter: Recent Refinements to the Dual Mandate and Navigating Back to Target
Sarah Hunter, speaking at a Norway conference, outlined the outcomes of the 2022‑23 Reserve Bank of Australia (RBA) review and the subsequent refinements to its dual mandate. The review praised three decades of strong economic performance under flexible inflation targeting...