logo
Diana Shipping: Q1 Earnings Snapshot

Diana Shipping: Q1 Earnings Snapshot

Yahoo5 days ago

ATHENS, Greece (AP) — ATHENS, Greece (AP) — Diana Shipping inc. (DSX) on Thursday reported profit of $3 million in its first quarter.
On a per-share basis, the Athens, Greece-based company said it had net income of 1 cent.
The shipping company posted revenue of $54.9 million in the period. Its adjusted revenue was $52 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DSX at https://www.zacks.com/ap/DSX

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

JPMorgan's Jamie Dimon is getting louder about his US debt worries
JPMorgan's Jamie Dimon is getting louder about his US debt worries

Yahoo

time25 minutes ago

  • Yahoo

JPMorgan's Jamie Dimon is getting louder about his US debt worries

JPMorgan Chase (JPM) CEO Jamie Dimon is increasingly concerned that the US government's surging debt is going to cause problems for the bond market, prompting some pushback from Treasury Secretary Scott Bessent. Last Friday, the boss of the biggest US bank predicted a "crack" in that market while speaking at the Reagan National Economic Forum in Simi Valley, Calif. "It is going to happen. And I tell this to my regulators, some of you who are in this room, I'm telling you it's going to happen, and you're going to panic." This past weekend, Bessent dismissed that prediction, saying Dimon has made it before. "I've known Jamie a long time and for his entire career he's made predictions like this. Fortunately, none of them have come true. That's why he's a banker, a great banker. He tries to look around the corner," Bessent said in an interview on CBS' "Face the Nation." Dimon emerged in 2025 as an influential voice when it comes to the policies of the new Trump administration — and as someone who apparently has President Trump's ear. The president even acknowledged listening to Dimon just hours before he announced a 90-day pause of his "Liberation Day" tariffs on April 9. Dimon repeated his warnings about the bond market in an interview with Fox Business Network's Maria Bartiromo that aired Monday, saying the surging US national debt may create a "tough time" for that market as spreads widen. "If people decide that the US dollar isn't the place to be, you could see credit spreads gap out; that would be quite a problem," Dimon said. "It hurts the people raising money. That includes small businesses, that includes loans to small businesses, includes high-yield debt, includes leveraged lending, includes real estate loans. That's why you should worry about volatility in the bond market." Long-term Treasury yields have been climbing in recent weeks, driven by growing concerns over the trajectory of US debt as President Trump's proposed tax legislation advances to the Senate after clearing the House. Read more: What is the 10-year Treasury note, and how does it affect your finances? New concerns emerged last week after a Manhattan-based trade court struck down a wide swath of Trump's tariffs, citing legal issues with how they were implemented. Although a federal appeals court paused that decision on Thursday, temporarily allowing the tariffs to remain in place, the legal back-and-forth has added to market uncertainty. Treasury yields initially spiked on Monday, with the 10-year (^TNX) climbing to 4.46% while the 30-year (^TYX) reached 4.99% by the end of the day. They briefly retreated on Tuesday, only to return to Monday levels, a threshold breached only a handful of times since 2007. Bessent told CBS this past weekend that the administration's work on getting down the deficit is underway. "The deficit this year is going to be lower than the deficit last year, and in two years it will be lower again," he said. "We are going to bring the deficit down slowly. We didn't get here in one year, and this has been a long process." The administration intends to "leave the country in great shape in 2028," he added. One area that would cushion a bond market tantrum that the Trump administration has clearly telegraphed is giving JPMorgan and other big banks a larger role as US Treasury holders, and possibly dealers. Bessent has repeatedly said he wants to adjust a bank capital requirement known as the supplemental leverage ratio (SLR) to make it easier for lenders in order to inject more liquidity into the market for US government debt. Dimon agrees that amending the SLR would help the market during times of stress, though he noted that he also wants to see reforms across lots of capital requirements. "The reason to change some of these things is so banks — the big market makers could intermediate more in the markets," Dimon told analysts in April. "If they do, spreads will come in, there'll be more active traders," Dimon said. "If they don't, the Fed will have to intermediate, which I think is just a bad policy idea that every time there's a kerfuffle in the markets, the Fed has to come in and intermediate." To prevent a bond market crack, Dimon said in the Fox News interview that aired Monday, "the real focus should be [economic] growth." He also named several places for improvement from regulatory, permitting, and education reforms to broader government efficiency efforts meant to stamp out waste and fraud in Medicare and Medicaid. Dimon gave Fox an update about his plans to leave the bank eventually, saying that his retirement is still "several years away" but that "it's up to God and the board," the 69-year-old CEO said. "I love what I do." On Tuesday, the bank announced in a memo that it was giving more responsibility to one of Dimon's potential successors, consumer bank boss Marianne Lake. Lake will also oversee strategic growth and the overseas consumer bank following Sanoke Viswanathan's departure to become CEO of data provider FactSet. David Hollerith is a senior reporter for Yahoo Finance covering banking, crypto, and other areas in finance. Click here for in-depth analysis of the latest stock market news and events moving stock prices Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Anglo American completes demerger of majority stake in Valterra Platinum
Anglo American completes demerger of majority stake in Valterra Platinum

Yahoo

time29 minutes ago

  • Yahoo

Anglo American completes demerger of majority stake in Valterra Platinum

Anglo American has announced the successful completion of the demerger of approximately 51% of its interest in platinum group metals (PGM) business Valterra Platinum and the associated share consolidation. This strategic move follows the approval by shareholders on 30 April 2025, with the demerger taking effect on 31 May and the share consolidation becoming effective on 1 June. Post-demerger, Anglo American will retain approximately 19.9% of Valterra Platinum and intends to hold this shareholding for at least 90 days following the demerger, with responsible management of this position over time to achieve a full separation. Anglo American chief executive Duncan Wanblad said: 'This is an important moment for both Anglo American and Valterra Platinum. For Anglo American, this is a major step in our plan to unlock the inherent value in our portfolio as a whole, with enhanced focus on our world-class positions in copper, premium iron ore and crop nutrients. 'Valterra Platinum has been a major part of the company for many years, but now is the right time for it to optimise its value creation prospects on an independent path – it is an outstanding business and team and I have every confidence that Valterra Platinum will thrive as a leader in the global platinum group metals industry.' Valterra Platinum marked its entry on the Johannesburg Stock Exchange as an independent entity on 28 May, finalising its spin-off from Anglo American. The demerger of the Johannesburg, South Africa-based PGM producer, formerly known as Anglo American Platinum, is in line with Anglo's strategy to focus on the copper and iron ore sectors. Currently, Anglo American is making several major structural changes to rapidly deliver its strategic priorities of growth, operational excellence and portfolio simplification. "Anglo American completes demerger of majority stake in Valterra Platinum" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

‘Stupid idea'? Charles Barkley says ‘Inside the NBA' hosts may have another show on TNT
‘Stupid idea'? Charles Barkley says ‘Inside the NBA' hosts may have another show on TNT

Los Angeles Times

time38 minutes ago

  • Los Angeles Times

‘Stupid idea'? Charles Barkley says ‘Inside the NBA' hosts may have another show on TNT

The 'Inside the NBA' crew bid an emotional farewell on TNT over the weekend in what was said to be the show's final airing on that network before being licensed to ESPN starting next season. But was it really the last time viewers will see Charles Barkley, Shaquille O'Neal, Kenny Smith and Ernie Johnson together on TNT in that format? Maybe not, based on comments Barkley made Monday on 'The Dan Patrick Show.' Before anyone gets too excited about the notion, however, know that Barkley introduced the topic by saying that 'TNT is trying to do something stupid behind the scenes.' He used the word 'stupid' several more times to describe an idea he says is in the works for a show to air on TNT, separate from the one that is moving to ESPN/ABC, that also would have Barkley, O'Neal, Smith and Johnson discussing the NBA. 'We taped a pilot about a month ago and it was the stupidest s— I've ever seen in my life,' Barkley said. TNT did not respond to requests for comment for this article. ESPN declined to comment. When TNT was left out of the NBA media rights pact last summer with NBCUniversal, Walt Disney Co. and Amazon, it seemed inevitable that 'Inside the NBA' would end its run after 35 years. But the popular show was given a lifeline months later. 'ESPN, in partnership with TNT Sports and the National Basketball Association, announced today that it will exclusively present the iconic Inside the NBA studio show on its platforms starting with the 2025-26 regular season,' ESPN said in a Nov. 18 press release. 'TNT Sports will continue to independently produce Inside the NBA from its Atlanta-based studios over the term of the agreement. 'The legendary Inside the NBA studio team will appear on ESPN and ABC surrounding high-profile live events, including ESPN's pregame, halftime and postgame coverage of the NBA Finals on ABC, Conference Finals, NBA Playoffs, all ABC games after January 1, Christmas Day, opening week, the final week of the season and other marquee live events.' Barkley referred to that schedule while talking with Patrick. 'We're not gonna be on ESPN as much as people think,' Barkley said. 'We're only probably gonna be working for ESPN like half the time to one-third of the time.' Barkley said that's where the idea of a separate show on TNT came from. 'I guess they want to feel like they're doing something to make us earn our money from TNT,' he said. Barkley said he thinks it's 'a stupid idea for a couple reasons.' 'Number one, we won't have basketball highlights [on TNT],' Barkley said. 'But also, we're probably gonna be going up against an NBA game. And anybody who likes basketball ain't gonna say, 'Hey, you know what? Let me turn off an NBA game on Amazon, ESPN or NBC to go watch these four dudes sit around and talk about nothing.' So it's complicated. And like I say, we taped a pilot doing stupid stuff and it was just stupid stuff.' Barkley continued: 'We can't show highlights, so we were sitting there for like an hour and a half taping this pilot, and we were looking at each other, 'What the hell are we doing?' But I give TNT credit. The first thing they said after the pilot [was], 'Yeah, that was really stupid. We gotta figure something out.''

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store