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ROSEN, A TOP RANKED LAW FIRM, Encourages BlackRock TCP Capital Corp. Investors to Secure Counsel Before Important Deadline in Securities Class Action - TCPC
TMX Newsfile· 2026-03-06 22:50
Core Viewpoint - Rosen Law Firm is reminding investors who purchased BlackRock TCP Capital Corp. securities during the specified class period of the upcoming lead plaintiff deadline on April 6, 2026 [1]. Group 1: Class Action Details - Investors who bought BlackRock TCP securities between November 6, 2024, and January 23, 2026, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - To serve as lead plaintiff, individuals must file a motion with the court by April 6, 2026 [3]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company [4]. - The firm has been ranked highly for its number of securities class action settlements, recovering hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, highlighting the firm's expertise and reputation in the field [4]. Group 3: Case Allegations - The lawsuit alleges that defendants made materially false and misleading statements regarding BlackRock TCP's business and operations, including issues with the timely valuation of investments and ineffective portfolio restructuring [5]. - It is claimed that these misrepresentations led to understated unrealized losses and overstated net asset value, ultimately misleading investors about the company's prospects [5]. - The lawsuit asserts that when the true information became public, investors suffered damages as a result [5].
X @BSCN
BSCN· 2026-03-06 22:14
💵FINANCE: ROBINHOOD LAUNCHES $658M VENTURE FUND FOR RETAIL INVESTORSThrough the Robinhood Ventures Fund I, which trades under the ticker symbol $RVI retail traders can invest in a portfolio of private tech companies, including Airwallex, Boom, Databricks, Mercor, Oura, Ramp and Revolut.Stripe will be added to the fund shortly after the fund's IPO ...
Oil surge sparks Treasury market's worst weekly rout since ‘liberation day' chaos
MarketWatch· 2026-03-06 21:53
Core Insights - Global government bonds experienced significant declines due to rising oil prices, exacerbated by the ongoing conflict in Iran [1] Group 1 - The surge in oil prices has negatively impacted the bond market, leading to increased yields and decreased bond prices [1] - The conflict in Iran is contributing to market volatility, influencing investor sentiment and economic outlook [1] - Analysts are closely monitoring the situation as it unfolds, given its potential implications for inflation and interest rates [1]
Nasdaq Down Over 300 Points; US Economy Loses 92,000 Jobs In February
Benzinga· 2026-03-06 14:40
Market Overview - U.S. stocks experienced a decline, with the Nasdaq Composite dropping over 300 points on Friday. The Dow fell by 1.62% to 47,179.83, the NASDAQ decreased by 1.47% to 22,414.12, and the S&P 500 dropped by 1.38% to 6,736.10 [1] Employment Data - The U.S. economy reported a loss of 92,000 nonfarm payrolls in February 2026, a significant decrease from January's revised job gains of 126,000, and below economists' expectations of 59,000. The unemployment rate increased from 4.3% to 4.4%, surpassing forecasts of 4.3%. Average hourly earnings rose by 0.4% month-over-month, matching January's pace and exceeding consensus estimates of 0.3% [2] Commodity Market - In commodity trading, oil prices increased by 8.3% to $87.74, while gold rose by 0.4% to $5,099.00. Silver also saw a gain of 0.5% to $82.625, whereas copper experienced a slight decline of 0.1% to $5.7970 [3] European Market Performance - European shares declined, with the eurozone's STOXX 600 falling by 1.7%. Spain's IBEX 35 Index decreased by 1.6%, London's FTSE 100 dropped by 1.4%, Germany's DAX dipped by 1.7%, and France's CAC 40 fell by 1.5% during the session [4] Asian Market Performance - Asian markets closed mostly higher, with Japan's Nikkei 225 gaining 0.62%, Hong Kong's Hang Seng index increasing by 1.72%, China's Shanghai Composite rising by 0.38%, while India's BSE Sensex dipped by 1.37% [5]
ProCap Financial's Feeding Frenzy Continues with Additional Share Repurchases
Businesswire· 2026-03-06 12:30
Core Viewpoint - ProCap Financial, Inc. has repurchased 196,043 shares of its common stock, indicating a strategic move to capitalize on perceived market irrationality [1] Company Actions - The company is actively repurchasing shares at a significant discount to net asset value (NAV) [1] - Anthony Pompliano, Chairman and CEO, expressed confidence in the decision to buy back shares, suggesting that the current market conditions present a favorable opportunity [1]
Ellington Financial Announces Estimated Book Value Per Common Share as of January 31, 2026
Businesswire· 2026-03-05 21:20
Core Viewpoint - Ellington Financial Inc. announced an estimated book value per common share of $13.31 as of January 31, 2026, which includes the impact of a monthly dividend of $0.13 per share paid on February 27, 2026 [1][2] Financial Performance - For the quarter ended December 31, 2025, Ellington Financial reported a net income attributable to common stockholders of $14.7 million, equating to $0.14 per common share [1] - The investment portfolio contributed $42.2 million, or $0.39 per common share, while the credit strategy generated $38.1 million, or $0.35 per common share [1] Dividend Information - The Board of Directors declared a monthly dividend of $0.13 per share of common stock, payable on March 31, 2026, to stockholders of record as of February 27, 2026 [2]
X @Decrypt
Decrypt· 2026-03-05 17:33
Morgan Stanley will provide Core Scientific with up to $1 billion in financing as the firm continues to transition away from Bitcoin mining. https://t.co/ucEGRwrpHy ...
Runway Growth Finance Corp. (RWAY) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release
ZACKS· 2026-03-05 16:01
Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Runway Growth Finance Corp. (RWAY) due to lower revenues, with a focus on how actual results will compare to estimates impacting stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to show quarterly earnings of $0.36 per share, reflecting a year-over-year decrease of 7.7%, with revenues projected at $32.19 million, down 4.7% from the previous year [3]. - The consensus EPS estimate has been revised 0.95% higher in the last 30 days, indicating a slight bullish sentiment among analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for RWAY is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.70%, suggesting a likelihood of beating the consensus EPS estimate [12]. - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3, with historical data showing a nearly 70% success rate for such combinations [10]. Historical Performance - In the last reported quarter, RWAY was expected to post earnings of $0.38 per share but exceeded expectations with earnings of $0.43, resulting in a surprise of +13.16% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates two times [14]. Conclusion - RWAY is positioned as a compelling earnings-beat candidate, but investors should consider additional factors beyond earnings results when making investment decisions [17].
PayPal Joins Forces With TCS Blockchain for Faster Invoice Settlements
ZACKS· 2026-03-04 18:46
Core Insights - PayPal Holdings, Inc. is collaborating with TCS Blockchain to enhance freight invoice settlements for trucking and transportation companies using its stablecoin, PayPal USD [1][7] - This partnership aims to address cash flow issues in North America's supply chain, where carriers have historically faced long payment terms and significant revenue losses [2] - TCS Blockchain's solutions allow carriers to settle invoices quickly and cost-effectively, with same-day settlements available year-round [4] Group 1: Collaboration and Solutions - The collaboration between PayPal and TCS Blockchain enables carriers to settle freight invoices faster and at a lower cost through blockchain technology [1][7] - Carriers can easily onboard with TCS and use the INX-Republic platform to convert TCS Tokens to U.S. Dollars for invoice settlements [3] Group 2: Industry Impact - The transportation industry, valued at $3 trillion, can benefit from blockchain and digital assets, achieving savings of up to 90% compared to traditional invoice factoring [4] - TCS Blockchain supports full transparency and immutability of transaction data, enhancing trust among all parties involved in the settlement process [4] Group 3: Company Performance - PayPal's stock has seen a decline of 24.2% over the past three months, contrasting with a 5.7% decline in the industry [5]
Stock Market Crash: Investors Lose Rs 16.32 Lakh Crore in Two Days
Rediff· 2026-03-04 14:26
Core Viewpoint - The Indian stock market experienced a significant downturn, resulting in a loss of ₹16.32 lakh crore in investor wealth over two days due to escalating geopolitical tensions involving the US, Israel, and Iran, alongside weak global cues [4][6]. Market Performance - The BSE Sensex fell by 1,122.66 points or 1.40% to close at 79,116.19, with an intraday drop of 1,795.65 points or 2.23% to 78,443.20 [4][6]. - Since the onset of hostilities between Iran and the US-Israel on February 28, the BSE benchmark has lost a total of 2,171 points or 2.67% [4]. Market Capitalization - The market capitalization of BSE-listed companies decreased by ₹16,32,428.12 crore, bringing the total to ₹4,47,18,243.15 crore (approximately USD 4.85 trillion) [5]. Sectoral Performance - The metal sector saw a decline of 4%, followed by PSU Bank at 3.50%, and industrials at 3.29% [9]. - A total of 3,245 stocks declined, while only 1,053 advanced, indicating a broad market sell-off [9]. Global Market Impact - Asian markets also faced significant declines, with South Korea's Kospi dropping 12%, and other major indices like Japan's Nikkei 225 and Hong Kong's Hang Seng also ending lower [10].