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Mitsui Sumitomo buys Berkley (WRB) shares worth $2.8 million

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Mitsui Sumitomo buys Berkley (WRB) shares worth $2.8 million

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Podcast: Stocks Close Mostly Down as Oil Prices Climb

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Here’s What the Big Bank CEOs Got Paid in 2025

Podcast: Stocks Close Mostly Down as Oil Prices Climb

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Stelrad Group falls on lower profit despite margin gains

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Stelrad Group falls on lower profit despite margin gains

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Kinetic IT appoints new chief

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Kinetic IT appoints new chief

One of Australia’s largest privately owned ICT managed services provider Kinetic IT has revealed Dean Langenbach will take the reins after two years leading NRI Australia and New Zealand.

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Thoughts From The Muni Desk

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Thoughts From The Muni Desk

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a recommendation of the suitability of any investment strategy for a particular investor. Invesco does not provide tax advice. The tax information contained herein is general and is not exhaustive by nature. Federal and state tax laws are complex and constantly changing. Investors should always consult their own legal or tax professional for information concerning their individual situation. The opinions expressed are those of the authors, are based on current market conditions and are subject to change without notice. These opinions may differ from those of other Invesco investment professionals. NOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE All data provided by Invesco unless otherwise noted. Invesco Distributors, Inc. is the US distributor for Invesco Ltd.’s retail products and collective trust funds. Invesco Advisers, Inc. and other affiliated investment advisers mentioned provide investment advisory services and do not sell securities. Invesco Unit Investment Trusts are distributed by the sponsor, Invesco Capital Markets, Inc., and broker-dealers including Invesco Distributors, Inc. PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC (Invesco PowerShares). Each entity is an indirect, wholly owned subsidiary of Invesco Ltd. ©2015 Invesco Ltd. All rights reserved.

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Taylor Swift Reaches $2 Billion Net Worth, Tops Female Musicians on Forbes’ 2026 Celebrity Billionaires List

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Taylor Swift at the 65th Annual Grammy Awards in 2023 -- she's up for six awards at the 2025 gala

Taylor Swift’s net worth has climbed to $2 billion, according to Forbes’ March 2026 celebrity billionaires update, making her the richest female musician and placing her ahead of Kim Kardashian and Rihanna.

Taylor Swift at the 65th Annual Grammy Awards in 2023 -- she's up for six awards at the 2025 gala
Taylor Swift
AFP

Forbes ranks the 36-year-old singer-songwriter at No. 7 on its celebrity billionaires list, up from prior estimates. She first hit billionaire status in October 2023 — the first musician to do so mainly through music earnings, touring and royalties rather than diversified brands.

The bulk of her fortune — nearly $1 billion — comes from royalties, streaming, touring and performance income. Her music catalog is valued at roughly $900 million, boosted by the 2025 repurchase of her first six albums’ masters for about $360 million. Real estate holdings add another $100 million, including properties in Nashville, Los Angeles, New York and Rhode Island.

The Eras Tour, which wrapped in 2024 as the highest-grossing concert tour ever, drove massive gains. Post-tour momentum continued with strong streaming, merchandise sales and the October 2025 release of “The Life of a Showgirl,” which sold over four million copies in its first week.

Swift stands out among celebrity billionaires for building her wealth almost entirely through music. In contrast, Kim Kardashian’s $1.9 billion Forbes estimate stems largely from Skims and SKKN by Kim, while Rihanna’s $1.4 billion ties to Fenty Beauty and Savage X Fenty. Beyoncé joins the list at $1 billion from music and business ventures.

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Her success highlights the power of owning masters, direct fan engagement and blockbuster touring. The Eras Tour alone generated billions in revenue, with economic ripple effects dubbed “Swiftonomics” in host cities.

Forbes calculates net worth conservatively, accounting for taxes, debts and market conditions. Some outlets estimate slightly higher figures, but $2 billion aligns with the March update.

As Swift continues releasing music and exploring new projects, her trajectory shows no signs of slowing. Her rise underscores a shift toward artist empowerment in the music industry, where retaining creative control and maximizing live and streaming revenue can yield extraordinary wealth.

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(VIDEO) Collin Morikawa Withdraws from 2026 Players Championship After One Hole Due to Back Injury

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Arsenal have three wins from three and are yet to concede a goal in this season's Champions League

Two-time major champion Collin Morikawa withdrew from The Players Championship on Thursday after playing just one hole, citing a back injury that flared up during a practice swing on the second tee.

Collin Morikawa
Collin Morikawa

The 29-year-old Californian, who entered the week as the FedExCup points leader and one of the tournament favorites, made par on the opening par-4 10th at TPC Sawgrass before experiencing discomfort. On the par-5 11th tee — his second hole — Morikawa grimaced while taking a warmup swing, then stretched and consulted with a trainer. After a few more attempts to swing, he officially withdrew, according to PGA Tour officials and on-course announcers.

“It’s a tough break for Collin and for the tournament,” said PGA Tour commissioner Jay Monahan in a brief statement. “He’s been playing some of the best golf of his career this season, and we wish him a speedy recovery.”

Morikawa, ranked No. 5 in the world, had been in strong form heading into The Players. He won the AT&T Pebble Beach Pro-Am in February, tied for seventh at the Genesis Invitational and finished solo fifth at the Arnold Palmer Invitational. Those results propelled him to the top of the FedExCup standings, giving him momentum as one of the hottest players early in 2026.

The withdrawal comes as a surprise blow to the field at the PGA Tour’s flagship event, often called the “fifth major,” which features a $25 million purse and 750 FedExCup points for the winner. Morikawa was among the pre-tournament picks to contend, with his precision iron play and ball-striking well-suited to the demanding Stadium Course designed by Pete Dye.

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This marks the latest in a history of back issues for Morikawa. He dealt with lingering problems during the 2021 Tokyo Olympics and withdrew from the 2023 Memorial Tournament due to similar discomfort. Back ailments are common in golf due to the rotational stress of the swing, and Morikawa has worked with trainers to manage the condition.

No immediate timeline for his return was provided. The next major is the Masters in April, and Morikawa — a former PGA Championship and Open Championship winner — will likely prioritize recovery to be ready for Augusta National.

The incident overshadowed the opening round at TPC Sawgrass, where play began under partly cloudy skies with light winds. Other top players, including Rory McIlroy, who arrived late after dealing with his own back concerns from the prior week, teed off later in the day. McIlroy called his status a “game-time decision” but proceeded to play after treatment.

Morikawa’s exit opens the door wider for contenders like Scottie Scheffler, Xander Schauffele and Ludvig Åberg, who were grouped with him in the early wave. Åberg and Si Woo Kim continued without their partner after the withdrawal.

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Fans expressed disappointment on social media, with many noting Morikawa’s surge this season made him a must-watch. His iron accuracy ranks among the Tour’s best, and TPC Sawgrass rewards precision on approach shots and around the infamous island-green 17th.

The Players Championship continues through Sunday, March 15, with the cut after 36 holes. Morikawa’s WD means no official score for the week, preserving his FedExCup lead for now, though strong performances by chasers like Akshay Bhatia or others could close the gap.

Morikawa’s team has not commented beyond the official withdrawal. He is expected to undergo further evaluation in the coming days.

The abrupt end to his week highlights the physical demands of professional golf and the fine line between peak performance and injury. For a player who has quietly built one of the most consistent games on Tour, the hope is rest and rehab will have him back swinging soon.

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2 top stock picks from CA Rudramurthy BV for near term

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2 top stock picks from CA Rudramurthy BV for near term
Indian equity markets are witnessing heightened volatility as investors grapple with geopolitical tensions and global economic uncertainties. While the broader market struggles, midcap and smallcap indices have shown relative resilience in recent days.

CA Rudramurthy BV, MD, Vachana Investments highlighted the continued pressure from foreign institutional investors (FIIs). “See, if you look at Nifty and Bank Nifty which were just relatively better compared to mid and smallcap or the broader market, you saw a clear correction in both of them as FII selling aggravated. In fact, FIIs, if you see the numbers, they have sold over ₹45,000 crore just in a period of last one month.” He added that macro factors, including the rupee touching all-time lows against the dollar and Brent crude crossing $100 per barrel, have intensified market stress. “Because of the reasons of Strait of Hormuz being closed, it has been very, very jittery in terms of the Brent crude price and that will definitely affect a country like India, even though the fight is between Iran, Israel, and the US,” he said.

Rudramurthy described the market as a “sell on rise” environment, cautioning investors against buying indiscriminately. “All supports are getting broken, and now the next support to the market comes closer to 23,200 for a very short term. Once you break that, a move towards 22,000 eventually can happen on Nifty. Those investors who feel this is a great opportunity to buy for long-term, do not go all out once and then buy everything at this level. Just in a piecemeal manner, on every fall, it is good to invest.”

He emphasized the importance of selective investing in the current environment. “You have to be very sector-specific and stock-specific in this market. On the buy side, where you have relative strength, it will be pharma. You also see certain public sector undertakings where you have valuation comfort, and finally, metals which have now started correcting. If you get some more dip, that offers a good buying opportunity for someone looking for one- to two-year horizons.” Rudramurthy advised caution in sectors showing sustained weakness. “This fall in the market will continue with banks leading the fall, IT continues the fall for a long time, and even autos and real estate are very, very weak. I would definitely avoid IT, autos, private banks, and real estate for the short term.”

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On stock-specific recommendations, Rudramurthy shared a mix of buy and sell calls. He said, “PG Electroplast has broken all crucial supports, and there is a lot of open interest built up today. The stock is moving down. Initial targets for PG Electroplast are around 475. Keep a stop loss of 525, and every rise is a selling opportunity in this very weak counter.” For buying opportunities, he pointed to pharma. “From pharma, I want to definitely look at a buying opportunity, and that is Aurobindo Pharma. This stock has consolidated and given a clear breakout above levels of 1,200–1,250. Any dip you get because of overall market weakness will be a buying opportunity. No doubt, even Dr Reddy’s looks strong, and pharma as a pack is relatively far better compared to the overall market. I am picking Aurobindo Pharma for a target of 1,400, and one can have a stop loss of 1,270 for this long call.”


As market participants navigate heightened uncertainty, experts stress patience, selective sector exposure, and staggered investing as key strategies to manage risk in the near term.

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GameStop (GME) Stock Holds Steady Near $24.50 Amid Acquisition Speculation and Meme Stock Resilience

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Microsoft CEO Satya Nadella says the US tech giant plans to invest $3 billion in India on AI and cloud infrastructure over the next two years

GameStop Corp. (GME) shares traded modestly higher in early March 2026 trading, closing at $24.46 on March 11 after a 0.37% gain, as the video game retailer continues to outperform many peers in the meme-stock category amid ongoing speculation about a major acquisition and CEO Ryan Cohen’s transformation efforts.

GameStop is laying off people as the company tries to fit in with a digitally-transforming videogame industry. In photo: GameStop stock graph is seen in front of the company's logo in this illustration taken February 2, 2021.
GameStop (GME) Shares

The stock opened March 12 around $24.40 and climbed to $24.51 by mid-morning, up about 0.20% from the previous close, according to real-time data from Yahoo Finance and other platforms. Volume remained moderate at around 833,000 shares in the opening hours, below the average daily figure of roughly 5 million.

GameStop has gained more than 20% year-to-date in 2026, rising from about $20.08 at the end of 2025 to current levels near $24.50. This performance stands in contrast to other meme stocks like AMC Entertainment and SoundHound AI, which have declined sharply over the same period. Analysts attribute GME’s relative strength to renewed short-squeeze interest, a robust cash position and persistent buzz around Cohen’s plans to deploy the company’s roughly $8.8 billion in cash reserves for a significant acquisition.

In late January 2026, reports surfaced that Cohen was eyeing a “very big” deal involving a publicly traded consumer company, sparking a rally that pushed shares above $24 in early February. Michael Burry, the investor famous from “The Big Short,” disclosed a long position in GameStop around the same time, further fueling optimism despite his comments downplaying the odds of another massive short squeeze like the one in 2021.

The company has maintained a strong balance sheet, bolstered by previous equity raises and cost-cutting measures, including hundreds of store closures as it shifts away from traditional brick-and-mortar retail toward collectibles, partnerships and potential new ventures. GameStop’s Q3 2025 revenue came in at $821 million, down 4.57% year-over-year, reflecting ongoing challenges in physical game sales amid the rise of digital downloads.

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Options activity has shown mixed sentiment in recent sessions. On March 11, call volume was relatively light but directionally varied, with some moderately bullish trades noted earlier in the week. TipRanks reported mixed options sentiment on March 9 with shares up 0.9%, while other days saw moderately bullish or neutral flows.

Analyst coverage remains cautious. The consensus rating leans toward “Reduce,” with a median price target around $13.50 from a handful of firms, well below current levels. No major Wall Street upgrades have materialized recently, and some forecasts highlight risks from declining core business fundamentals. However, institutional interest persists — Van ECK Associates increased its stake by 58.3% in the third quarter of 2025 to over 3 million shares.

GameStop’s next earnings report is expected around March 24 or 31, 2026, depending on scheduling, with investors watching for updates on cash deployment, store rationalization and any progress on strategic initiatives. The board previously approved a performance-based stock option award for Cohen in January 2026, contingent on shareholder approval at a special meeting likely in March or April, tying his compensation to ambitious long-term goals.

The stock’s 52-week range spans $19.93 to $35.81, with the high reached in May 2025 during earlier volatility. Recent trading has stayed in a tighter band around $23-$25, reflecting a stabilization after the January-February surge.

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Broader market context includes steady U.S. equity gains in early 2026, though meme stocks remain highly volatile and sentiment-driven. GameStop’s ability to decouple somewhat from the pack underscores evolving narratives: from pure speculation to a cash-rich entity potentially pivoting under Cohen’s leadership.

Short interest data has not shown extreme levels recently, tempering squeeze fears, but retail enthusiasm on platforms like StockTwits and Reddit keeps the name in focus. Traders note that any confirmed acquisition news could trigger sharp moves, while continued silence might lead to drift.

As GameStop navigates its post-meme era, the stock’s performance in March 2026 illustrates resilience amid uncertainty. With earnings approaching and acquisition rumors lingering, volatility is likely to persist for shareholders.

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Radiator firm Stelrad sees profits tumble in ‘subdued’ market

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The Newcastle firm has its main manufacturing base in Yorkshire, as well as significant operations overseas

Inside Stelrad Group's Mexborough facility.

Inside Stelrad Group’s Mexborough facility.(Image: Shaun Flannery Photography Ltd)

Radiator company Stelrad saw its operating profit almost halve as revenues fell and it incurred costs in some of its overseas operations.

The Newcastle company, which has its main manufacturing base in South Yorkshire, has released interim full-year results for 2025. They show that revenue fell slightly to £279.6m but operating profit went down by 44% to £17.5m.

But Stelrad said that it was well-placed for growth and that its adjusted operating profit increased slightly to £32.5m. The company recognised exceptional costs of £14.9m relating to restructuring in its Turkish and Danish facilities and an impairment charge on the assets of Radiators SpA in Italy.

The company said it was driving growth in its higher-margin products and continuing to make efficiencies. But continued economic uncertainty in core territories of UK and Ireland and mainline Europe resulted in a 3.8% decline in overall revenues, it said.

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Stelrad said it had successfully renewed its £100m loan facility with existing banking partners last December to reduce future borrowing costs. It increased its recommended dividend to 5.05p, saying that was “reflecting the board’s ongoing confidence in Stelrad’s future prospects, the strength of the group’s balance sheet and cash conversion.”

Chief executive officer Trevor Harvey said: “2025 demonstrated once again our ability to deliver adjusted operating profit growth through the market cycle while continuously improving our operations and positioning as we optimise our business for further progress. There remains a level of uncertainty around the timing of a wider market recovery, however, we remain confident in the opportunities that a market recovery offers for a stronger, simplified and more operationally efficient Stelrad.

Trevor Harvey, CEO of Stelrad

Trevor Harvey, CEO of Stelrad(Image: Stelrad)

“Our leadership positioning across the range of markets where we operate provides us with a platform from which to build and positions the group well to continue to drive the adoption of higher-margin, value-added products, including increasing the penetration of premium panel and higher heat output ranges in key markets.

“The board remains confident in delivering further progress during 2026. Our operational excellence initiatives, underpinned by our competitive advantages and market positioning, mean that Stelrad remains well-placed to outperform its peers in the near term and benefit from any medium-term market recovery.”

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In its statement to the Stock Exchange, Stelrad said that it had market leadership in six of the 10 countries in which it operated and was seeing significant growth in products that reflected the transition to net zero. It said current trading was in line with expectations but that it expected market conditions to remain “subdued” this year.

Stelrad, which dates back to the 1930s, has its headquarters in Newcastle with manufacturing and other facilities in Mexborough, South Yorkshire, and in Turkey, Italy, the Netherlands, Denmark and Poland. It listed on the London Stock Exchange in 2021.

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Adobe shares drop after CEO exit adds to AI-disruption concerns

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Adobe shares drop after CEO exit adds to AI-disruption concerns


Adobe shares drop after CEO exit adds to AI-disruption concerns

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