- [Narrator] This $25 billion nuclear power plant is Turkey's first, but to NATO, it's a potential security risk. That's because Russia is the one funding it, building it, and operating it for the next 60 to 80 years. - This is a vulnerability at a time where obviously relations between NATO and Russia are really, really tense.- [Narrator] But for Turkey, the Akkuyu Nuclear Power Plant is a big step towards energy independence and economic development. Here's what this century-long partnership between Russi ...

The latest sign of growing political and economic uncertainty across the country. More and more Americans are trading concrete for sand. With the Golden Passport, otherwise known as the citizenship by investment program.Five Caribbean countries are offering it for as low as $100,000. The program basically grants people dual citizenship in exchange for an investment in the country in the form of a donation or real estate. One Antigua based luxury realtor says Americans have become her primary client.>> It's ...

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading activities [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to perform their own due diligence checks and apply their discretion when making financial decisions [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to carefully consider their understanding of these instruments and their ability to afford potential losses [1]. - The content does not guarantee real-time accuracy or completeness of the information provided [1].

Core Insights - Willis has launched 'Undercover', a $200 million insurance facility aimed at addressing geopolitical risks faced by cargo owners globally [1][2] - The product offers tailored coverage for various risks including war, terrorism, political violence, and confiscation, minimizing coverage gaps and claims disputes [2][3] - Undercover provides certainty of coverage during political instability and protects against fluctuating insurance costs due to changing country risk ratings [3][4] Company Overview - WTW, the parent company of Willis, operates in 140 countries, providing data-driven solutions in people, risk, and capital [5] - Willis has a long history in marine insurance, with over 650 specialists in marine risk and insurance, including more than 200 cargo insurance experts [6] - Markel, a partner in this initiative, is a leading global specialty insurer known for its people-first approach and expertise in complex specialty insurance needs [7]

Core Insights - A recent informal survey of bond underwriters indicates that there are no potential borrowers considering issuing new U.S. investment-grade bonds, suggesting that the primary market for this week is likely closed [1] - In June, syndicates issued $109.5 billion in new bonds, slightly exceeding the expected $105 billion, with strong performance in the latter half of the month and robust returns [1] - Despite increasing geopolitical risks, investor demand remained strong, leading to continued bond purchases, with U.S. high-grade bonds rising and achieving the second-best monthly return of the year, pushing year-to-date gains above 4% [1]

THIS IS THE ASIA TRADE. HAIDI: THE TOP STORIES THE SOUR, A CAUTIOUS OPEN AHEAD FOR ASIA AS WALL STREET'S RALLY SHOWS SIGNS OF FATIGUE AMID CHEAP POLITICAL RISKS. THE U.S. YIELD CURVE STEEPENING.THE NATO SUMMIT GIVES TRUMP A WIN ON DEFENSE SPENDING AS HE DECLARES THE LATEST MIDDLE EAST CONFLICT OVER AND FLAGS MEETING SOON WITH IRAN. WE WILL HEAR FROM CATL'S CHIEF MANY FRACTURING OFFICER ABOUT THEIR PUSH TO PRIORITIZE OVERSEAS EXPANSION. WE TALK AI WITH THE FOUNDER OF ONE OF CHINA'S LITTLE DRAGONS.ASIA TECH W ...

>> THERE YOU HAVE IT, THE GAVEL DROPS ON THE FIRST DAY OF TESTIMONY, DAY ONE OF TWO ON CAPITOL HILL THIS WEEK FOR FED CHAIR JAY POWELL. CONGRESSMAN FRANK LUCAS WRAPPING THINGS UP FOR US THERE. SEVERAL HOURS OF TESTIMONY.WE BROUGHT IT TO YOU LIVE HERE. I’M JOE MATHIEU IN WASHINGTON ALONGSIDE KAILEY LEINZ AS WE GET THINGS STARTED HERE ON THE TUESDAY EDITION OF "BALANCE OF POWER." THE FED CHAIR MADE IT CLEAR HE’S NOT READY TO LOWER RATES. CARO KAILEY: HE’S NOT MAKING ANY NEWS ON THE TRAJECTORY, REITERATING HE’ ...

Core Insights - Nabors Industries Ltd. (NBR) has experienced a significant stock decline of 56% over the past year, underperforming compared to peers in the oil and gas drilling sector [1][13] - The company faces multiple operational and financial challenges, raising concerns about its near-term outlook and ability to stabilize and grow [2] Financial Performance - The U.S. Drilling segment reported a decrease in adjusted EBITDA from $105.8 million in Q4 2024 to $92.7 million in Q1 2025, attributed to lower rig counts and operational inefficiencies [3] - Daily margins in the Lower 48 states fell from $14,940 to $14,276 due to increased rig churn, leading to higher costs and contract instability [3][4] - Management anticipates only a marginal recovery in daily margins to $14,100 in Q2 2025, indicating ongoing pressure in the U.S. market, which accounts for 44% of total drilling revenues [4] Geopolitical and Market Risks - Nabors suspended operations in Russia due to U.S. sanctions, incurring $28.6 million in non-cash charges, and does not expect to resume activities there [5] - The company faces challenges in Colombia and Mexico, including delayed customer payments, with 20% of international rigs located in volatile regions, increasing exposure to geopolitical risks [5] Debt and Cash Flow Concerns - Nabors' net debt stood at $2.28 billion in Q1 2025, with adjusted free cash flow showing a usage of $71 million [6] - The company has a capital expenditure target of $770-$780 million for 2025, which includes $360 million for SANAD newbuilds, constraining near-term cash flow [6] - The Parker acquisition added $178 million in debt, and rising interest rates pose refinancing risks, raising concerns about financial stability [6] Dependency on Joint Ventures - The SANAD joint venture is crucial for growth, contributing significantly to international EBITDA, but its success is contingent on Saudi Aramco's capital discipline [7] - Any slowdown in Aramco's gas-focused drilling, which constitutes 75% of SANAD's activity, could jeopardize projections [7] Integration and Operational Challenges - The Parker acquisition, while expected to generate $40 million in synergies, introduces integration complexities and costs, with $14 million incurred in the first quarter [9] - Parker's negative free cash flow of $10 million in Q1 and a $60 million capex target for 2025 further strain liquidity [9] Customer and Revenue Risks - Nabors faces receivables issues, particularly in Mexico, where $20 million in expected collections were delayed [11] - The company's reliance on a few key clients increases vulnerability to payment delays or contract cancellations, contrasting with peers that have diversified their customer bases [11] Market Position and Comparison - Over the past year, Nabors' share price has dropped 56.4%, significantly more than declines of 45.7%, 50.9%, and 39.1% for peers Transocean, Helmerich & Payne, and Patterson-UTI Energy, respectively [13] - The overall Oils-Energy sector saw a rise of 3.6%, highlighting Nabors' underperformance relative to both its industry peers and the broader market [13]

Geopolitical Impact on Markets - US-Iran tensions initially caused market anxiety, but a ceasefire was announced, leading to a market rally [1][2][22] - Historical data suggests that major US war events typically trigger short-term market dips, followed by bull markets [7] - Macroeconomic or geopolitical shocks often lead to a significant drawdown in the stock market, but recovery is typical, with a median recovery time of 17 days [9][10] Cryptocurrency Market Dynamics - Bitcoin experienced a dip during the initial strike but recovered, highlighting its 24/7 global and liquid nature [3][4] - Bitcoin's volatility is expected, with a 5% dip considered normal, and it has shown significant growth over the past 90 days (up 15%) and year (up over 50%) [4][5] - Altcoins are also showing signs of recovery, with investors being bullish on certain ecosystems like SUI [11] Monetary Policy and Asset Inflation - Global M2 money supply is expanding, which historically correlates with asset inflation, including Bitcoin, with an 80% correlation over time [8] - The US stock market's price-to-earnings ratio (P/E) is currently at 40x, indicating it is overvalued compared to historical averages and other developed/emerging markets [14] - The Federal Reserve has ended reputational risk oversight, easing crypto banking restrictions, which is considered bullish for the crypto market [13] Industry Developments and Opportunities - Delorean Motor Company (DMC) is launching a crypto on the SUI network, with an airdrop of over 15 million DMC tokens [11][12] - Hedge fund veterans are planning a $100 million BNB Treasury bet, indicating institutional interest in Binance's token [24] - VChain is experiencing growth, with 27 million addresses and 20 million actions [23]

I guess if you take away the worst case scenario, that's actually helpful for lower oil prices. A couple of things to consider, though. One, Ali McCrossin RBC said over the weekend that she would caution against that knee jerk reaction that, quote, The worst is behind us.Now, the other factor to consider here, irrespective of the supply issue that may or may not happen with Iran is the demand side. So there's been a lot of stockpiling by China, a lot of stockpiling by other countries within the West as well ...