Expect More Platinum Price Gyrations, Warns WPIC
The World Platinum Investment Council (WPIC) projects the platinum supply deficit to shrink dramatically to 240,000 ounces in 2026, down from a record 1.082 million ounces in 2025. Despite the narrowing gap, demand is expected to dip 8% to 7.62 million ounces while supply rises 2% to 7.38 million ounces, driven by higher recycling rates. Investment interest remains high, with ETFs and exchange‑listed holdings staying elevated, though fresh inflows are likely to taper. New derivatives trading on China’s Guangzhou Futures Exchange could further intensify price swings, as recent volatility shows with a 12% drop this week.
What Are SAFE Investments? (Simple Agreement for Future Equity)
The Simple Agreement for Future Equity (SAFE) lets early‑stage investors fund startups now and receive equity later, typically when a priced round occurs. Introduced by Y Combinator in 2013, SAFEs replace costly, time‑intensive convertible notes with a streamlined contract that omits...
Francophonie Summit to Boost Cambodia Tourism
Cambodia will host the Francophonie Summit in November, prompting tourism leaders to view the event as a catalyst for repositioning the country as a hub for trade, talent, and long‑stay visitors. Industry voices urge the government and private sector to...
Urea Price Jumps as Iran Fall-Out Halts Shipping
Urea prices in Australia have surged by roughly A$150 per tonne after the escalation of the Iran‑US‑Israeli conflict shut the Strait of Hormuz, halting shipments from key Middle‑East producers such as Bahrain, Kuwait, Qatar and Saudi Arabia. Spot prices have...
America and Israel’s War to Remake the Middle East
The United States and Israel launched a coordinated strike—codenamed Epic Fury and Rising Lion—marking the first fully integrated U.S.-Israeli combat operation against Iran. The joint effort combined American air power with Israeli intelligence and special‑operations assets, targeting Tehran’s nuclear and...
Zodiac Maritime Stacks Tanker Orderbook
London‑based Zodiac Maritime is expanding its crude carrier renewal by ordering five new tankers in Asia. The deal includes four 319,000‑dwt VLCCs from Jiangsu New Hantong Ship Heavy Industry at roughly $120 million each, slated for 2029 delivery, and a 157,000‑dwt...
Congo-Kinshasa: Mineral Rivalry, Geopolitics and the Imperative of Peace in Eastern DR Congo
Eastern DR Congo’s eastern provinces sit atop lithium, gold, coltan and other critical minerals that power the global energy transition and digital economy. Rising demand has drawn a slate of international actors, from the United States to China, intensifying geopolitical...
Volatility Deepens on Dalal Street; Srinivas Rao Ravuri Advises Selective Approach
Indian equities deepened their decline on Tuesday as fragile sentiment and weaker-than-expected third‑quarter earnings weighed on the market. CIO Srinivas Rao Ravuri highlighted that forward earnings multiples sit around 19‑times, which he finds comfortable but not compelling. He favoured domestic‑driven...
SNPE: ESG Screening Has Implications For Style Factor Exposures, Performance Potential, A Hold
The Xtrackers S&P 500 Scored & Screened ETF (SNPE) uses ESG screening, which has shifted its factor exposure toward information‑technology and growth stocks, allowing it to outperform the traditional S&P 500 tracker IVV since its 2019 inception. However, the current U.S.–Israel–Iran conflict and...
Gujarat Gas Shares Plunge 4% After 50% Supply Cut to Industrial Users Amid Middle East Conflict: Report
Gujarat Gas announced a 50% cut in gas supplies to industrial customers after the US‑Iran conflict disrupted regasified LNG imports, sending its shares down 4% to Rs 382 on the BSE. The company, which sources roughly 70% of its gas from...
US Dollar Index Rises Above 99.00 as Middle East Tensions Drive Inflation Fears
The US Dollar Index surged past the 99‑point mark, trading around 99.20 for a third consecutive day, as investors reassessed Federal Reserve rate‑cut expectations. The 10‑year Treasury yield steadied near 4.06%, reflecting higher real yields amid rising inflation concerns. Escalating...
Apollo's Zito Sees Private Credit Pain Lasting Up To 18 Months
Apollo Global Management co‑president John Zito warned that the private‑credit market’s turbulence could persist for the next 12 to 18 months. While acknowledging a wave of fund withdrawals, he downplayed them as a systemic problem. Zito highlighted a widespread misunderstanding...
Divergent Chinese PMIs Suggest Resilient External Demand, but Soft Domestic Environment
China's official manufacturing PMI slipped to 49.0 in February, matching a 33‑month low, while the private RatingDog index rose to 52.1, highlighting a split between domestic weakness and export‑driven resilience. Sub‑indices show production, new orders and employment contracting, even as...
Norway Warns Gas Production Maxed Out Amid Qatar LNG Shutdown
Norway’s gas producers are operating at near‑full capacity as Europe scrambles for supply after the world’s largest LNG export terminal in Qatar was forced offline by an Iranian drone attack. The shutdown sent European spot gas prices soaring more than...
DBS China Captures 38% of Panda Bond Market in 2025; Secures Principal Underwriting License
DBS China participated in 65.8 billion yuan of Panda‑bond issuances in 2025, capturing a 38% share of the China Interbank Bond Market. The bank also received a principal underwriting licence for non‑financial corporate bonds, the most extensive authority granted by the...
Canadian Dollar Bulls Seem Hesitant as Firmer USD Counters Elevated Oil Prices
The USD/CAD pair rebounded toward the 1.3700 level after a brief pullback, but remains trapped in a two‑week range. A firmer U.S. dollar, buoyed by safe‑haven flows and waning expectations of three Fed rate cuts, is offsetting the rally in...
China’s RatingDog Manufacturing PMI Climbs to 62.1 in February, Services PMI Rises to 56.7
China’s RatingDog Manufacturing PMI surged to 62.1 in February, up from 50.3 in January, while the Services PMI rose to 56.7, both beating market expectations. The strong readings signal a robust rebound in Chinese factory output and service activity. The...
Taiwan Dollar Drops to Weakest Since May as Stock Outflows Surge
The Taiwan dollar fell to 31.782 per U.S. dollar, its weakest level since May, after foreign investors sold NT$230.2 billion of Taiwanese stocks this week – the largest weekly outflow since at least 2000. The sell‑off was triggered by heightened geopolitical...
Iran Conflict Could Turn Canada Into the Market’s Most Reliable Oil Supplier
Oil prices surged as Iran's IRGC declared the Strait of Hormuz closed, cutting 70‑80% of traffic. Brent crude rose above $80 per barrel for the first time since July 2024, while U.S. energy stocks outperformed the broader market. Analysts, led...
Market Turmoil Continues in Asia Amid More Middle East Strikes
Asian markets slipped further on March 4 as geopolitical tensions in the Middle East escalated. Iran’s continued attacks and heightened Israeli‑U.S. pressure pushed energy prices higher, while airlines kept flights grounded. South Korea’s KOSPI index dropped again, marking a second consecutive...
Farm Worries Crop up as Fertiliser Companies Fear a Gas Crunch
India faces a looming gas crunch after Qatar halted LNG production, jeopardising the primary feedstock for urea manufacturing. The country currently holds only about two months of buffer stocks for urea and DAP, and prolonged shortages could force local plants...
Geopolitics Continues to Influence Demand From Canada to the US as Capacity Shifts Elsewhere
Canadian airlines are trimming U.S. leisure capacity and redirecting aircraft to Latin America and the Caribbean as geopolitical tensions and trade‑policy shifts dampen cross‑border demand. Air Canada signals that the decline may be bottoming out, while Porter Airlines adds new...
Endeavour Group Sees Retail Profits Hurt by Low-Cost Push
Endeavour Group’s half‑year earnings show a 17.1% drop in net profit to $247 million despite a modest 0.2% rise in retail sales to $5.5 billion. The decline stems from an aggressive low‑price strategy that squeezed the retail drinks gross margin down 84...
Cardlytics Inc (CDLX) Q4 2025 Earnings Call Transcript
Cardlytics reported Q3 2025 billings of $89.2 million, a 20.3% decline driven by content restrictions from its largest financial‑institution partner. Revenue fell 22.4% to $52 million, yet adjusted EBITDA improved to $3.2 million and contribution margin hit a record 57.7%. The company announced...
Niagen Bioscience Inc (NAGE) Q4 2025 Earnings Call Transcript
Niagen Bioscience reported Q2 2025 revenue of $31.1 million, a 37% year‑over‑year increase, and lifted full‑year revenue guidance to 22‑27%. Gross margin improved to 65% driven by a higher‑margin sales mix and inventory efficiencies. The company expanded its Niagen Plus clinic...
OTC Markets Group Inc (OTCM) Q4 2025 Earnings Call Transcript
Altisource Portfolio Solutions reported 2025 service revenue of $161.3 million, a 7% increase, and adjusted EBITDA of $18.3 million, up 5%. The company added $20.6 million in new Servicer and Real Estate contracts and grew HUBZU inventory 137% to 13,500 assets. Guidance for...
ISKP Attack in Kabul Punches Holes in Taliban Regime’s Claims
A suicide bomber from the Islamic State Khorasan Province struck a Chinese‑owned restaurant in Kabul on Jan. 19, killing seven and injuring dozens. The attack exposed the Taliban’s inability to guarantee security for foreign nationals, undermining its claims of a safe...
Altisource Portfolio Solutions SA (ASPS) Q4 2025 Earnings Call Transcript
Altisource Portfolio Solutions reported Q2 2025 service revenue of $40.8 million, up 11% year‑over‑year, and adjusted EBITDA of $5.4 million, a 23% increase. GAAP net income swung to $16.6 million from an $8.3 million loss, helped by a tax reserve reversal and lower interest expense....
Stem Inc (STEM) Q4 2025 Earnings Call Transcript
Stem Inc. posted Q3 2025 revenue of $38 million, a 31% year‑over‑year increase, and ARR rose to $60 million, up 17%. The company recorded a second straight quarter of positive adjusted EBITDA ($2 million) and generated $11 million of operating cash flow. Management highlighted...
Magnachip Semiconductor Corp (MX) Q4 2025 Earnings Call Transcript
Magnachip Semiconductor reported Q4 2025 revenue of $40.6 million, a 17% year‑over‑year decline, and a gross margin of 9.3% after a one‑time $2.7 million sales incentive reduced profitability. Adjusted operating loss widened to $11.9 million and adjusted EBITDA turned negative...
Real Brokerage Inc (REAX) Q4 2025 Earnings Call Transcript
RE/MAX Holdings reported Q4 2025 revenue of $71.1 million and adjusted EBITDA of $22.4 million, delivering a 31.5% margin despite a historically slow housing market. The franchise network reached an all‑time high of 148,500 agents, with international affiliates exceeding 75,000....
Toward New Political Model: Kazakhstan’s Constitutional Referendum
Kazakhstan will hold a March 15 referendum to adopt a new constitution, replacing the 1995 charter that anchored a strong presidential system. The draft revises more than 80 percent of existing law across 95 articles, aiming to modernize governance for a digital‑focused...
Rigetti Computing Inc (RGTI) Q4 2025 Earnings Call Transcript
Revvity reported Q4 2025 revenue of $772 million, a 4% organic increase, driven by a 7% rise in its diagnostics segment. Adjusted earnings per share came in at $1.70, topping the high‑end of guidance, while full‑year revenue reached $2.86 billion and adjusted...
Grocery Outlet Holding Corp (GO) Q4 2025 Earnings Call Transcript
Grocery Outlet Holding Corp reported a 5% decline in Q4 2025 net sales to $76.8 million, with full‑year sales also down 5% to $276 million. Gross margin fell to 44.1% from 47.9% as incremental tariffs added roughly $16 million in costs, outpacing a...
Aquestive Therapeutics Inc (AQST) Q4 2025 Earnings Call Transcript
Ascent Industries reported Q4 2025 results highlighting a near‑1000‑basis‑point gross‑margin expansion and a 61% rise in gross profit despite a 7% full‑year revenue decline. Adjusted EBITDA loss narrowed by $4.1 million year‑over‑year, while the company secured $9.4 million of annualized revenue from...
Dingdong (Cayman) Ltd (DDL) Q4 2025 Earnings Call Transcript
DoubleDown Interactive reported Q4 2025 revenue of $95.8 million, a 17% year‑over‑year increase, driven by social casino growth and a 78% surge in iGaming revenue from SuperNation. Adjusted EBITDA rose 16% to $40.6 million, while net operating cash flow reached $42.6 million, bringing...
Ardent Health Inc (ARDT) Q4 2025 Earnings Call Transcript
Ardent Health reported solid volume and revenue growth in Q3 2025, with revenue up 8.8% to $1.58 billion and adjusted EBITDA rising 46% to $143 million. However, the company lowered its full‑year adjusted EBITDA guidance to $530‑$555 million, citing accelerating professional‑fee expenses and...
What's Next for Ukraine: The Labour Market
Ukraine has lost roughly a quarter of its civilian workforce since the 2022 invasion, with 3.5 million workers displaced, mobilised, or killed. Despite this shock, aggregate job‑matching efficiency declined only about 15%, a smaller drop than during the 2008 U.S. financial...
Miller Industries Inc (MLR) Q4 2025 Earnings Call Transcript
Miller Industries reported a strong rebound in Q4 bookings, up 42% sequentially and 35% year‑over‑year to $540 million, signaling early demand recovery, especially in North America. Despite this, revenue fell to $923 million and the company posted a $16 million adjusted operating loss,...
Global Water Resources Inc (GWRS) Q4 2025 Earnings Call Transcript
Global Water Resources reported Q1 2020 revenue of $8.2 million, a 6.6% increase year‑over‑year, driven by 4.7% organic connection growth and higher consumption. Adjusted EBITDA rose 18.4% to $4.1 million, while operating expenses fell slightly, reflecting cost discipline and the recent in‑house billing...
SES AI Corp (SES) Q4 2025 Earnings Call Transcript
SES AI Corp reported a record third‑quarter 2025 revenue of $7.1 million, a 102% sequential increase driven by the recent UC Energy acquisition and the launch of its Molecular Universe (MU 1.0) AI platform. Services now account for 55% of revenue with...
ATN International Inc (ATNI) Q4 2025 Earnings Call Transcript
ATN International reported fourth‑quarter 2025 revenue of $1.2 billion and full‑year revenue of $4.6 billion, the strongest top line since 2012. Adjusted EBITDA reached $232 million in Q4 and $859 million for the year, lifting the margin to 19.7% and surpassing guidance. Management guided...
ChargePoint Holdings Inc (CHPT) Q4 2026 Earnings Call Transcript
ChargePoint reported Q2 FY2026 revenue of $99 million, hitting the top of its guidance but falling 9 % year‑over‑year. Non‑GAAP gross margin rose to 33 %, the highest since the company went public, while subscription revenue reached $40 million, representing 40 % of total sales....
Aware Inc (AWRE) Q4 2025 Earnings Call Transcript
Aware Inc. posted fiscal 2025 revenue of $17.3 million, a marginal decline, while its net loss expanded to $5.9 million, reflecting higher technology and certification investments. The company secured ISO 30107 Level 3, ISO 27001, and FIDO2 certifications and earned best‑in‑class bias ratings in NIST...
Daktronics Inc (DAKT) Q3 2026 Earnings Call Transcript
Daktronics reported a 12% year‑over‑year increase in orders and a 36% jump in its product backlog to $321 million, delivering three straight quarters of top‑line growth. Net income rose 25% on an adjusted basis to $17.5 million, while operating margin edged toward...
Wix.Com Ltd (WIX) Q4 2025 Earnings Call Transcript
eToro reported Q4 2025 net contribution of $227 million, a 6% sequential rise, and adjusted EBITDA of $87 million, delivering a 38% margin. Capital markets revenue surged 43% year‑over‑year, offsetting a 72% drop in crypto net contribution. The firm highlighted...
Viemed Healthcare Inc (VMD) Q4 2025 Earnings Call Transcript
Viemed Healthcare reported a 14.7% year‑over‑year revenue increase in fiscal Q2 2025, driven entirely by organic growth across its core ventilation, sleep therapy, and resupply segments. Adjusted EBITDA rose 12% to $14.3 million, while SG&A fell to 45.7% of revenue, reflecting...
Advanced Flower Capital Inc (AFCG) Q4 2025 Earnings Call Transcript
Advanced Flower Capital Inc. reported Q2 2025 results, posting $0.15 per share in non‑GAAP distributable earnings and a GAAP loss of $13.2 million. The loan portfolio held steady at $357.9 million across 15 assets, delivering a weighted‑average 17% yield to maturity....
Structural-Protections,-Prime-Mortgages-and-Residential-ABS
In a recent SCI interview, Adam Rizkalla of Canyon Partners highlighted how structural protections are reshaping the residential ABS market, especially for prime mortgage pools. He explained that enhanced tranche designs and over‑collateralisation are reducing investor risk while preserving yield....
BillionToOne Inc (BLLN) Q4 2025 Earnings Call Transcript
The Real Brokerage reported Q4 2025 revenue of $505 million, a 44% jump, driving full‑year revenue to nearly $2 billion, up 56%. Closed transactions rose 38% to almost 49,000, outpacing the industry, while net loss narrowed to $4.2 million and adjusted EBITDA turned...