Core Points - Federal Reserve Governor Christopher Waller emphasizes the importance of central bank independence during his upcoming interview with President Donald Trump [1][2] - Waller has a strong background in advocating for central bank independence, having spent 20 years focused on this issue and possessing a substantial paper trail [2] Group 1 - Waller is one of five finalists to potentially succeed Jerome Powell as Federal Reserve chairman when his term ends in May [2] - Waller's interview with Trump is scheduled for this week, highlighting the significance of the upcoming discussions regarding the Federal Reserve's leadership [2]

Sands Capital, an investment management company, released its “Sands Capital Global Growth Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Global Growth adopts a flexible approach to identify the most promising growth companies worldwide. Global equities surged in the quarter, although leadership remains concentrated. In this environment, the strategy returned -2.0% compared to 7.6% for the MSCI ACWI. You can check the fund’s top 5 holdings to know more about its best ...

After two pieces in the second half of the year, it's fair to say the ' Pizookie Dip ' didn't take long to show its face.I’m an equity analyst and founder of Goulart’s Restaurant Stocks, a research firm focused on the U.S. restaurant industry — from quick-service and fast casual to fine dining and niche concepts. I lead all thematic research and valuation efforts, applying advanced financial modeling, sector-specific KPIs, and strategic insights to uncover hidden value across public equities. In addition to ...

Core Insights - Beauce Gold Fields has achieved a significant milestone with the completion of a Leapfrog™ 3-D geological model for the Grondin Zone, enhancing the understanding of its gold-bearing structures [1][2][10] - The model integrates drill data from 2023 and 2025, providing a three-dimensional visualization of the antiform-saddle reef mineralized system, which has been traced over an 8-km geophysical signature [1][4] - The company reported an impressive 88% drill success rate across its recent campaigns, significantly higher than the typical 20-40% success rate for early-stage gold exploration [5][7] Geological Model Highlights - The 3-D model incorporates various geological data, including digitized drill sections, gold assay intervals, and lithological logs, resulting in a high-resolution visualization of the mineralized system [4][10] - Gold-bearing intervals range from 0.200 ppm to 11 ppm, with a mineralized strike length of 600 meters confirmed [4][5] - The model indicates mineralization extends to depths of approximately 40 meters and remains open along strike and at depth [5][10] Drill Results - A total of 14 out of 16 drill holes returned gold grades of 0.3 g/t Au or higher, confirming the presence of a robust, continuous mineralized corridor [7][8] - Detailed drill results from 2023 and 2025 show various intervals with significant gold concentrations, including notable assays of 11.4 g/t and 8.85 g/t [6][8] - The company plans to utilize the new model to refine drill targeting for the upcoming winter campaign [2][11] Future Exploration Plans - The company intends to deploy a borehole televiewer to determine the precise dip and orientation of gold-bearing structures, which will aid in optimizing deeper drilling efforts [10] - Upcoming exploration will focus on step-out drilling to test lateral continuation along the 600-meter corridor and deeper drilling beyond the confirmed vertical extent of mineralization [11][12] - Integration of new geophysical, geochemical, and historical data sets will further enhance exploration strategies [11][12]

Core Insights - V2X, Inc. has been awarded a $72 million contract to provide support and engineering services for the Gateway Mission Router (GMR) [1] - The GMR is designed to enhance air-to-ground operations and adapt to evolving mission needs through open-standard interfaces, enabling a unified common operating picture [2] - The system supports the Department of Defense's Combined Joint All Domain Command and Control initiative, aiming for faster, data-driven decision-making across multiple domains [3] Company Developments - The contract represents a significant milestone for V2X as it continues to advance the GMR program and expand its applications within the U.S. military [4] - This new contract builds upon a previous $49 million contract, indicating ongoing investment and growth potential in the GMR program [4] - The estimated completion date for the current contract is June 25, 2030, highlighting a long-term commitment to the project [4] Company Overview - V2X specializes in integrating physical and digital environments to enhance mission readiness, optimize resource management, and improve security [5] - The company employs approximately 16,000 professionals and focuses on innovation across national security, defense, civilian, and international markets [5] - V2X incorporates AI and machine learning capabilities to address complex challenges across various operational domains [5]

JPMorgan Chase has launched a $100 million tokenized money-market fund on Ethereum (ETH), adding fresh Wall Street backing to the world’s second-largest blockchain. Ethereum is trading around $2,926, down -1% in the past 24 hours, with a market cap of $353 billion, while Bitcoin (BTC) changes hands at $86,782 (-0.5% on the day). The move lands just as high-profile strategist Tom Lee reiterates a bold call for ETH to reach $20,000 within a year, sparking a debate over how fast institutional tokenization can ...

Key Points Pfizer has a substantial 6.6% dividend yield but a payout ratio exceeding 100%. Eli Lilly has a payout ratio of roughly 30%, but its dividend yield is a tiny 0.6%. Long-term income investors can find the middle ground with a 3.4% yield and a 45% payout ratio from Merck. 10 stocks we like better than Merck › Dividend investors need to be cautious about reaching too far for yield since this can open them up to added risks. At the same time, they must ensure that they are generating an a ...

Core Viewpoint - The U.S. gaming platform Roblox is willing to modify certain features in Russia to lift a recent ban imposed on it [1] Group 1 - Roblox has faced a ban in Russia earlier this month [1] - The company is open to making changes to its platform to address the concerns that led to the ban [1]

Core Insights - Sands Capital Global Growth Fund reported a -2.0% return in Q3 2025, underperforming the MSCI ACWI which returned 7.6% [1] - The fund highlighted Carvana Co. (NYSE:CVNA) as a significant investment, noting its impressive stock performance with a one-month return of 38.04% and a 52-week gain of 95.34% [2][3] Company Overview - Carvana Co. is the largest e-commerce platform for buying and selling used cars globally by revenue, operating in a market with over $1 trillion in annual sales [3] - The used car industry is highly fragmented, with the market leader holding only about 2% market share, indicating significant growth potential for Carvana [3] Business Model and Strategy - Carvana aims to transform the used car buying experience, which is often emotional and cumbersome, by offering a vertically integrated platform that enhances convenience, transparency, and competitive pricing [3] - The company’s nationwide scale and verticalization are expected to lead to attractive unit economics and strong margin expansion over time [3] Market Position and Hedge Fund Interest - As of the end of Q3 2025, 109 hedge fund portfolios held shares of Carvana Co., an increase from 91 in the previous quarter, indicating growing interest among institutional investors [4] - Despite the potential of Carvana, some analysts suggest that certain AI stocks may offer greater upside potential with less downside risk [4]

Soybeans are starting off Wednesday trade with fractional to 1 ½ cent losses. Futures  closed the Tuesday session with contracts down 9 to 10 cents. Open interest was down 18,524 contracts, mainly in the January. The market has now given back all of the Chinese buying rally, as futures filled the October chart gaps this morning. The cmdtyView national average Cash Bean price was 8 ¾ cents lower at $9.92. Soymeal futures were steady to $1.10 lower, with Soy Oil futures down 98 to 112 points. The EPA annou ...