US Inflation Expected to Rise as Tariffs Reach Consumers
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Yahoo
2 minutes ago
- Yahoo
Murray Stahl's Strategic Moves: Hawaiian Electric Industries Inc. Takes Center Stage
Insightful Analysis of Murray Stahl (Trades, Portfolio)'s Second Quarter 2025 13F Filing Warning! GuruFocus has detected 2 Warning Signs with TPL. Murray Stahl (Trades, Portfolio) recently submitted the 13F filing for the second quarter of 2025, providing insights into his investment moves during this period. Murray Stahl (Trades, Portfolio) is the Chief Executive Officer and Chairman of the Board of Horizon Kinetics, a firm he co-founded. With over thirty years of investing experience, he oversees the firms proprietary research and serves as the Chief Investment Officer. He chairs the Investment Committee, responsible for portfolio management decisions. Additionally, Murray is the Chairman and CEO of FRMO Corp and holds positions on the boards of the Minneapolis Grain Exchange, the Bermuda Stock Exchange, and Texas Pacific Land Corporation. His career began at Bankers Trust Company, where he managed several funds and contributed to asset allocation strategies. Murray holds degrees from Brooklyn College and an MBA from Pace University. Horizon Kinetics LLC is known for its fundamental value, contrarian-oriented investment approach, emphasizing long-term investment horizons to harness the power of compounding. Summary of New Buy Murray Stahl (Trades, Portfolio) added a total of 15 stocks, among them: The most significant addition was Galaxy Digital Inc (NASDAQ:GLXY), with 1,364,267 shares, accounting for 0.35% of the portfolio and a total value of $29,877,450. The second largest addition to the portfolio was Blackrock Munivest Fund Inc (NYSE:MVF), consisting of 93,068 shares, representing approximately 0.01% of the portfolio, with a total value of $612,390. The third largest addition was Horizon Kinetics Japan Owner Operator ETF (NASDAQ:JAPN), with 15,691 shares, accounting for 0.01% of the portfolio and a total value of $439,970. Key Position Increases Murray Stahl (Trades, Portfolio) also increased stakes in a total of 99 stocks, among them: The most notable increase was Hawaiian Electric Industries Inc (NYSE:HE), with an additional 3,624,709 shares, bringing the total to 16,281,709 shares. This adjustment represents a significant 28.64% increase in share count, a 0.46% impact on the current portfolio, with a total value of $173,074,570. The second largest increase was Permian Basin Royalty Trust (NYSE:PBT), with an additional 1,705,498 shares, bringing the total to 5,839,825. This adjustment represents a significant 41.25% increase in share count, with a total value of $72,764,220. Summary of Sold Out Murray Stahl (Trades, Portfolio) completely exited 9 holdings in the second quarter of 2025, as detailed below: iShares Russell 2000 ETF (IWM): Murray Stahl (Trades, Portfolio) sold all 2,960 shares, resulting in a -0.01% impact on the portfolio. The Kraft Heinz Co (NASDAQ:KHC): Murray Stahl (Trades, Portfolio) liquidated all 15,160 shares, causing a -0.01% impact on the portfolio. Key Position Reduces Murray Stahl (Trades, Portfolio) also reduced positions in 146 stocks. The most significant changes include: Reduced Texas Pacific Land Corp (NYSE:TPL) by 17,559 shares, resulting in a -0.49% decrease in shares and a -0.26% impact on the portfolio. The stock traded at an average price of $1,228.21 during the quarter and has returned -36.02% over the past 3 months and -22.33% year-to-date. Reduced CACI International Inc (NYSE:CACI) by 27,980 shares, resulting in a -14.75% reduction in shares and a -0.12% impact on the portfolio. The stock traded at an average price of $441.81 during the quarter and has returned 0.30% over the past 3 months and 18.11% year-to-date. Portfolio Overview At the second quarter of 2025, Murray Stahl (Trades, Portfolio)'s portfolio included 353 stocks. The top holdings included 44.81% in Texas Pacific Land Corp (NYSE:TPL), 14.64% in Grayscale Bitcoin Trust (GBTC), 4.41% in LandBridge Co LLC (NYSE:LB), 3.18% in Wheaton Precious Metals Corp (NYSE:WPM), and 2.05% in Hawaiian Electric Industries Inc (NYSE:HE). The holdings are mainly concentrated in all 11 industries: Energy, Financial Services, Basic Materials, Utilities, Consumer Cyclical, Technology, Industrials, Consumer Defensive, Communication Services, Real Estate, and Healthcare. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus.
Yahoo
2 minutes ago
- Yahoo
Brazil to provide $5.6 billion to help exporters navigate US tariffs
BRASILIA (Reuters) -Brazil's President Luiz Inacio Lula da Silva on Tuesday said his government would provide 30 billion reais ($5.55 billion) in credit as part of a plan to support companies that export goods and are affected by steeper tariffs imposed from Washington. In an interview with local news outlet BandNews, Lula said this was an initial amount to help the exporters, adding the package will also include support through government purchases. The government is set to announce on Wednesday the highly anticipated plan at an event 11:30 a.m. (1430 GMT) in the capital Brasilia, according to the office of Lula's chief of staff. Reuters had reported last week, citing sources, that Brazil's government was mulling shifting some 30 billion reais from a fund managed by state development bank BNDES to support local firms hit the tariffs. The U.S. hiked the levies imposed on the imports of Brazilian goods to 50% from 10% earlier this month, although products including orange juice and aircraft were exempted from the increase. ($1 = 5.4020 reais) Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
NBC News
4 minutes ago
- NBC News
U.S. national debt reaches a record $37 trillion, the Treasury Department reports
The U.S. government's gross national debt has surpassed $37 trillion, a record number that highlights the accelerating debt on America's balance sheet and increased cost pressures on taxpayers. The $37 trillion update is found in the latest Treasury Department report issued Tuesday which logs the nation's daily finances. The national debt eclipsed $37 trillion years sooner than pre-pandemic projections. The Congressional Budget Office's January 2020 projections had gross federal debt eclipsing $37 trillion after fiscal year 2030. But the debt grew faster than expected because of a multi-year COVID-19 pandemic starting in 2020 that shut down much of the U.S. economy, where the federal government borrowed heavily under then-President Donald Trump and former President Joe Biden to stabilize the national economy and support a recovery. And now, more government spending has been approved after Trump signed into law Republicans' tax cut and spending legislation earlier this year. The law set to add $4.1 trillion to the national debt over the next decade, according to Congressional Budget Office estimates. Chair and CEO of the Peter G. Peterson Foundation, Michael Peterson said in a statement that government borrowing puts upward pressure on interest rates, 'adding costs for everyone and reducing private sector investment. Within the federal budget, the debt crowds out important priorities and creates a damaging cycle of more borrowing, more interest costs, and even more borrowing.' Wendy Edelberg, a senior fellow in Economic Studies at the Brookings Institution said Congress has a major role in setting in motion spending and revenue policy and the result of the Republicans' tax law 'means that we're going to borrow a lot over the course of 2026, we're going to borrow a lot over the course of 2027, and it's just going to keep going.' The Government Accountability Office outlines some of the impacts of rising government debt on Americans — including higher borrowing costs for things like mortgages and cars, lower wages from businesses having less money available to invest, and more expensive goods and services. Peterson points out how the trillion-dollar milestones are 'piling up at a rapid rate.' The U.S. hit $34 trillion in debt in January 2024, $35 trillion in July 2024 and $36 trillion in November 2024. 'We are now adding a trillion more to the national debt every 5 months,' Peterson said. 'That's more than twice as fast as the average rate over the last 25 years.' The Joint Economic Committee estimates at the current average daily rate of growth an increase of another trillion dollars to the debt would be reached in approximately 173 days. Maya MacGuineas, president of the Committee for a Responsible Federal Budget said in a statement that 'hopefully this milestone is enough to wake up policymakers to the reality that we need to do something, and we need to do it quickly.'
