The Ninth Circuit court ruled that a fixed dividend rate is not automatically prohibited by the LIBOR Act in the ongoing litigation over PennyMac Mortgage Investment Trust's preferred shares. However, the court did not decide whether PennyMac's specific fallback approach complies with the law, leaving critical contract interpretation issues unresolved and remanding the case back to district court. This means the valuation of PennyMac's preferred shares remains uncertain, hinging on detailed contract language rather than broad LIBOR arguments. Investors should watch for further legal developments as the case continues.
Uber Technologies maintains a Buy rating amid stock volatility, driven by strong core business and strategic investments. The company is tackling autonomous vehicle risks by investing $10 billion and planning to integrate 120,000 AVs. Uber's global e...
Stifel Nicolaus increased its price target for Donaldson Company to $95, reflecting a 3.77% potential upside. Donaldson reported record fiscal 2026 results with $3.9 billion in sales, a 5% increase, and adjusted EPS up 8% to $3.98. The company also a...
On August 28, 2026, the Bitcoin community remembers Hal Finney, the first person to receive a bitcoin transaction from Satoshi Nakamoto in January 2009. Finney, a cryptographer and early Bitcoin pioneer, passed away in 2014 after battling ALS. The 10...
Genius Group aims to rebuild its bitcoin and AI treasuries to $827 million and $800 million respectively by fiscal year 2031. The company will fund this through a five-year capital plan using a $1.2 billion shelf registration approved by the SEC, iss...
The iShares 20+ Year Treasury Bond ETF (TLT) has lost more than 40% of its value since its August 2020 peak, even after accounting for monthly distributions. This decline highlights the risks of holding long-duration bond funds, which have no maturit...
