Core Insights - Ascend Wellness Holdings, Inc. (AWH) has successfully closed a secured financing transaction amounting to $9,345,000 with CF Bank, utilizing real estate as collateral on three properties in Ohio [1] - The financing carries an interest rate of 8.5% per annum and is set to mature in September 2030, which is expected to enhance AWH's balance sheet and support its growth in Ohio's cannabis market [1] - AWH operates in multiple states, including Illinois, Maryland, Massachusetts, Michigan, New Jersey, Ohio, and Pennsylvania, and produces a variety of cannabis products under several brands [1] Financing Details - The secured financing transaction is referred to as the Ohio Mortgage Loan, which is backed by real estate owned by AWH in Cincinnati, Sandusky, and Piqua, Ohio [1] - The competitive interest rate of 8.5% is positioned as a low-cost capital financing option for the company [1] Company Positioning - AWH's CEO, Sam Brill, emphasized that this financing transaction positions the company well to serve patients and local communities while pursuing further growth opportunities [1] - The company aims to deliver value to shareholders through strategic financial maneuvers and operational expansions in the emerging Ohio market [1]

Core Insights - Chainlink has developed a technical process that enables banks to interact with tokenized investment funds via Swift, enhancing the integration of blockchain technology into traditional finance [1] - A pilot program with UBS demonstrated the effectiveness of Chainlink's Runtime Environment (CRE) in processing subscriptions and redemptions for a tokenized fund using ISO 20022 messages [1][2] - The initiative is part of a broader effort to improve interoperability between traditional banking systems and blockchain infrastructure, allowing banks to utilize existing tools while Chainlink manages the blockchain operations [2][3] Group 1 - The blockchain workflows initiated from UBS's systems were successfully processed by CRE, which then executed the necessary transactions in the Chainlink Digital Transfer Agent [2] - This development is a continuation of Project Guardian, a tokenization initiative led by Singapore's central bank, which aims to enhance the use of Swift for triggering on-chain events [3] - Chainlink's recent pilot with 24 global banks and financial infrastructure providers aims to leverage AI to standardize data from corporate action announcements, addressing an industry cost of approximately $58 billion annually [4]

Core Insights - Asian companies, especially in China, are shifting their supply chains towards Europe as part of a structural transformation, moving away from reliance on the US [1][2] - The US tariff situation is significantly impacting manufacturing costs, prompting companies to diversify their supply chains [2] Investment Trends - Chinese foreign direct investment (FDI) in the EU and UK surged by 47% to €10 billion (US$11.7 billion) in 2024, marking the first major rebound since 2016 [3] - The share of total Chinese FDI in the EU and UK increased to 19.1% in 2024 from 15.4% in 2023, while the US attracted less than €2 billion, accounting for only 4% of global Chinese outbound FDI [3] Sector-Specific Developments - Electric vehicle (EV) projects dominated Chinese greenfield FDI in Europe, attracting €4.9 billion, which is 83% of the total [4] - Notable Chinese investments in Europe include Contemporary Amperex Technology's €7.3 billion factory in Hungary, expected to start production by the end of 2025, and BYD's first EU factory in Hungary, set to begin production next year [5] - Chinese home appliance and consumer electronics companies are also expanding in Europe, exemplified by Haier's acquisition of Carrier's Dutch refrigeration division for €716 million and Midea's increasing sales in the region [6]

Core Viewpoint - The Swiss National Bank (SNB) has made significant foreign exchange interventions to counteract the appreciation of the Swiss franc, primarily triggered by external economic pressures, notably from the U.S. tariff policies under Donald Trump [1][3]. Group 1: SNB Interventions - The SNB purchased foreign exchange worth 5.1 billion francs (approximately $6.4 billion) in the second quarter, aligning with UBS Group AG's estimates [2]. - This marks the end of a 15-month period during which the SNB had minimal market interactions, highlighting the volatility following Trump's announcement of "reciprocal tariffs" [3]. - The franc appreciated by about 10% against the dollar and 2% against the euro during the April-June period, indicating significant market movements [3]. Group 2: Policy Context - The SNB's decision to sell francs, despite previous U.S. criticisms, reflects limited options for countering market pressures, as rate cuts have proven ineffective in weakening the currency [4]. - A joint statement from Switzerland and the U.S. emphasized a commitment to avoid currency manipulation, with the SNB focusing on maintaining price stability [4][5]. - Since June, Switzerland has been monitored by the U.S. Treasury for its foreign exchange policies, amidst rising tensions due to tariffs imposed on Swiss exports [5]. Group 3: SNB's Strategic Approach - SNB President Martin Schlegel has reiterated that interventions aim to prevent Swiss inflation from deviating significantly [6]. - The SNB appears to be adopting a more cautious approach to currency interventions, focusing on strategic confrontations with traders rather than aggressive market mobilization [7]. - Historically, the SNB has intervened with tens of billions to manage the franc, asserting that the currency is overvalued [7].

The yield on the 10-year benchmark note was at 6.5483% as of 10:00 a.m. IST on Tuesday, after ending at 6.5547% in the previous session. "We do not think there should be any selling pressure today, and bonds will remain steady, with closing for the benchmark eyed around 6.53%-6.54%," a trader with a state-run bank said. A majority of respondents in a Reuters poll expect the "We believe there are enough reasons for the RBI to depart from its recent guidance, deliver further 25 bps easing in October, and ad ...

Core Viewpoint - The article discusses common mistakes investors make during market highs and emphasizes the importance of focusing on business fundamentals, maintaining a diversified portfolio, and adhering to a disciplined investment strategy to avoid costly errors. Group 1: Mistake 1 - Chasing Momentum - Investors often rush to buy stocks that are experiencing rapid price increases, driven by speculative trading rather than solid fundamentals, which can lead to significant losses when momentum reverses [2][3] - An example is Seatrium Ltd, which reached a 52-week high of S$2.60 in February 2025 but fell to a low of S$1.62 by April 2025, illustrating the risks of buying at peak prices [3][4] Group 2: Mistake 2 - Overconcentrating on "Winners" - Concentrating too much investment in a single stock or sector can be risky, as even strong performers can decline sharply, leading to panic selling [5][6] - DBS Group Holdings Ltd saw its share price drop to a 52-week low of S$36.30 on April 7, 2025, a decline of over S$10 from the previous week, highlighting the dangers of overexposure [6][7] Group 3: Mistake 3 - Ignoring Valuations - Investors may overpay for quality companies during high enthusiasm, leading to disappointing returns if the companies cannot sustain their growth [8][9] - It is crucial to balance quality with price by analyzing metrics like price-to-earnings (P/E) and price-to-book (P/B) ratios to ensure reasonable valuations [9] Group 4: Mistake 4 - Forgetting Income & Cash Flow - Dividend-paying stocks provide steady cash flow and can help smooth returns during volatile markets, making them an essential part of a portfolio [10][11] - Sheng Siong Group Ltd is highlighted as a resilient dividend stock, with an interim dividend payout of S$0.032 per share for the first half of 2025, unchanged from the previous year [11] Group 5: Mistake 5 - Trying to Time the Market - Attempting to time the market for perfect entry or exit points is nearly impossible and can lead to missed gains [12][14] - A recommended strategy is Dollar-Cost Averaging (DCA), which allows investors to invest consistently over time, reducing the impact of volatility [13][14] Group 6: Conclusion - The article emphasizes the need for discipline during market highs, focusing on business fundamentals, maintaining diversification, and committing to a consistent investment strategy to build lasting wealth [15]

India is revamping a key funding market, echoing the global shift away from Libor, as banks cede influence over daily borrowing costs.The nation’s financial benchmark administrator and the central bank are phasing in the Secured Overnight Rupee Rate, or SORR, to eventually replace the Mumbai Interbank Outright Rate — a gauge long used by institutions to set the rates on products from bank deposits and swaps to some consumer loans. Also readMibor underpins almost $1 trillion in interest-rate swaps, yet it’s ...

Core Insights - Investing in stocks based on valuation metrics, particularly the price-to-sales (P/S) ratio, can identify opportunities with strong upside potential, especially for unprofitable or early-stage companies [1][2][3] Valuation Metrics - The P/S ratio compares a company's market capitalization to its revenues, providing a clearer picture of value when earnings are minimal or volatile [2][5] - A P/S ratio below 1 indicates a good bargain, as investors pay less than a dollar for each dollar of revenue generated [6] - The P/S ratio is preferred over the price-to-earnings (P/E) ratio due to the difficulty of manipulating sales figures compared to earnings [7][10] Investment Opportunities - Low P/S stocks can offer compelling opportunities, often trading below their intrinsic value, making them attractive for investors seeking upside potential [3][10] - Companies with low P/S ratios identified as potential investment opportunities include: - Macy's Inc. (M) [4][12] - Oshkosh Corporation (OSK) [4][14] - Green Dot (GDOT) [4][16] - The Mosaic Company (MOS) [4][18] - PagSeguro Digital (PAGS) [4][20] Company Profiles - **Macy's Inc. (M)**: Undergoing a transformation with its Bold New Chapter program, focusing on digital initiatives and omnichannel retailing, currently has a Value Score of A and Zacks Rank 1 [12][13] - **Oshkosh Corporation (OSK)**: Engaged in custom-built vehicles and equipment, focusing on electrification and innovation, currently has a Value Score of B and Zacks Rank 2 [14][15] - **Green Dot (GDOT)**: A leader in prepaid cards and Banking-as-a-Service, with strong partnerships and a solid balance sheet, currently has a Value Score of A and Zacks Rank 1 [16][17] - **The Mosaic Company (MOS)**: A major producer of phosphate and potash, benefiting from strong demand and cost transformation efforts, currently has a Value Score of A and Zacks Rank 2 [18][19] - **PagSeguro Digital (PAGS)**: Offers a suite of financial solutions in Brazil, focusing on digital banking and innovation, currently has a Value Score of B and Zacks Rank 1 [20][21]

Economic Data and Market Impact - Treasury yields are experiencing a pullback ahead of significant labor market data, with a focus on the potential government shutdown affecting the unemployment report [2][3] - Key labor market indicators such as the JOLTS report, job openings, and ADP private payroll report will be crucial this week due to uncertainty surrounding the unemployment report [3][10] - European inflation is expected to remain low at 2.3% in the preliminary September reading, with unemployment forecasted to stay at record lows, indicating positive consumer conditions in Europe [5][6] Global Economic Outlook - Growth in Europe is anticipated to pick up towards the end of the year and into the next, suggesting that the European Central Bank (ECB) is nearing the end of its rate-cutting cycle [6] - Preliminary PMIs from the Eurozone showed strength, while China's manufacturing and services PMIs are expected to reflect continued sluggishness [7][8] - China's industrial profits saw a 20% year-over-year increase in August, but this gain was concentrated in a few industries, indicating potential imbalances [8][9] Investment Considerations - The AI arms race between the US and China is driving capital expenditures and stock prices, with some investors considering Chinese stocks as relatively inexpensive [14][15] - Caution is advised for US investors in Chinese AI stocks due to slower growth rates, lower profit margins, and potential regulatory challenges [15][16] - The Chinese stock market is characterized by volatility, and investors are encouraged to maintain smaller positions to manage risk [16]

Group 1 - Norwegian Cruise Line is making headlines as it rings the opening bell at the New York Stock Exchange [1] - Arc Best is also active at NASDAQ, with a positive sentiment among investors despite potential risks from a government shutdown [2][5] - The tech-heavy NASDAQ composite is showing gains, with a rise of approximately 0.5% [6] Group 2 - Electronic Arts shares are up 5% following news of a record-breaking $55 billion deal to take the company private, ending its 36-year run as a public firm [7] - Cannabis stocks are experiencing significant movement, with Tillray up over 28% and Canopy Growth up 13%, driven by President Trump's comments on CBD benefits [8] Group 3 - The potential government shutdown could lead to the furlough of around 900,000 federal employees, which may delay key economic data releases, including the jobs report [11][19] - Goldman Sachs has raised concerns about the market being in a bubble while also indicating that the economic impact of a shutdown would be modest [12][19] - Historically, stocks tend to rebound after a government shutdown, with an average rise of about 3% one month later [20] Group 4 - The U.S. economy is showing mixed signals, with a second-quarter GDP increase of 3.8% driven by consumer spending, but weak labor market readings, including only 22,000 jobs added in August [38][39] - The upcoming jobs report is crucial, with economists expecting an increase of 45,000 jobs for September [39][45] Group 5 - The Federal Reserve is closely monitoring the labor market, with expectations of potential rate cuts in response to economic conditions [18][34] - Analysts suggest that the labor market may see a reacceleration in job growth, particularly in sectors like financial services and construction, as the economy continues to grow [51][52] Group 6 - Gold prices are reaching new highs, driven by government shutdown risks and expectations of further Fed easing, with Goldman Sachs projecting gold could reach $4,000 by mid-2026 [23][24] - Central bank holdings of gold have surpassed U.S. treasuries for the first time since 1996, indicating a significant shift in investment strategies [25]