Microsoft Gaming Shakeup Highlights AI Ambitions And Rising Regulatory Questions simplywall.st

Soy futures — from beans to oil — traded near record highs ahead of the expected submission of biofuel blending quotas by the US Environmental Protection Agency. The latest set of quotas, known as Renewable Volume Obligations, is expected to be handed imminently to the White House budget office for review, the EPA’s assistant administrator, Aaron Szabo, told a conference on Wednesday. The move will take the US agricultural sector a step closer to ending months of uncertainty over demand. Corn and soyoil are major feedstocks for the biofuel sector, and farmers have been watching closely for the long-delayed announcement, which is now expected potentially as soon as March. Traders were increasingly optimistic about strong demand for the oilseed in the biofuel sector, StoneX Chief Commodities Economist Arlan Suderman said in his note on Wednesday. It’s why soybean and soy oil prices have remained “well supported, despite being well supplied currently,” he added. Soybeans hit a three-month high on Thursday, despite no new signs of purchases by top consumer China. At the same time, soy oil inched up to $60.67 per pound, just below the record hit on Wednesday, when prices rose to their highest since September 2023. Soybeans were up 0.3% at $11.68 a bushel as of 1 p.m. in Singapore Wheat and corn were largely stable

胜宏科技成交额达200亿元，现涨8.52%。

McGrath RentCorp ( MGRC ) declares $0.495/share quarterly dividend , 2.1% increase from prior dividend of $0.485. Forward yield 1.7% Payable April 30; for shareholders of record April 16; ex-div April 16. See MGRC Dividend Scorecard, Yield Chart, & Dividend Growth. More on McGrath RentCorp McGrath RentCorp (MGRC) Presents at Barclays 43rd Annual Industrial Select Conference Transcript McGrath RentCorp (MGRC) Presents at Barclays 43rd Annual Industrial Select Conference - Slideshow McGrath RentCorp Q4 2025 Earnings Preview Seeking Alpha’s Quant Rating on McGrath RentCorp Historical earnings data for McGrath RentCorp

【簽諒解備忘錄】寶馬寧德時代深化減碳合作 Now 新聞

国际货币基金组织表示，美国的一种替代性政策组合可在实现特朗普政府目标的同时避免负面影响。 在一份对美国经济的评估中，国际货币基金组织（IMF）重点关注了2025年推出的政策转变对美国、其贸易伙伴和全球经济的宏观经济影响。 该组织得出结论，一种不同的做法将能更好地推进美国政府的目标，而不会造成“负面的外溢效应“。 该基金在周三的一份报告中表示，该替代方案将包括以基于目的地的消费税取代关税，并转向以技能为基础的移民制度。 在一次新闻发布会上，IMF总裁Kristalina Georgieva表示，IMF和特朗普政府一样，也对美国贸易和经常账户赤字的规模感到担忧。 她说，“我们今天与美国财政部长贝森特和美联储主席鲍威尔举行了会晤。会晤进行得很好，内容非常充实。” 她说，解决外部失衡问题将对美国和全球经济都有利，并补充说，导致这些失衡的政策扭曲应予以消除。 她表示，“不过，在美国，关税产生了负面的供给效应，这加剧了商品通胀，对实现更强劲增长构成了阻力。” IMF预计，提高关税将在短期内小幅收窄美国贸易逆差，但到2026年初，个人消费支出价格指数将被推高约0.5个百分点，产出水平也将下降。 在货币政策方面，该基金表示，随着就业增长放缓，且几乎没有迹象表明关税会产生更广泛的价格压力等第二轮效应，美联储（The Fed）在2025年放宽政策是正确的。 其基线预测是，到2026年底，联邦基金利率将达到3.25%-3.50%，从而使经济在2027年初恢复充分就业，通胀率达到2%。 该报告还强调，在存在政治压力担忧的情况下，美联储的自主性至关重要。 IMF表示，“美联储的政策信誉是一项非常宝贵的资产，应得到审慎保护，包括确保美联储的货币政策决定保持独立性。” 该组织敦促维护经济和监管决策的制度框架，包括为负责关键联邦职能（如提供经济统计数据）的机构提供充足资源。 在财政方面，该基金呼吁制定一项明确的、前置性的巩固计划。 该组织表示，在现行政策下，一般政府赤字将保持在国内生产总值（GDP）的7%-8%，到2031年，债务将推高至GDP的140%。 Georgieva说，总体而言，IMF预计美国经济将在2026年有所回升，以第四季度同比增长2.4%的健康速度增长，并以类似速度增长到2027年。 她补充说，“我们还预计失业率将小幅降至4%左右。” 她指出，IMF的报告没有反映最高法院最近关于...

PROG Holdings ( PRG ) declares $0.14/share quarterly dividend , 7.7% increase from prior dividend of $0.13. Forward yield 1.51% Payable March 24; for shareholders of record March 12; ex-div March 12. See PRG Dividend Scorecard, Yield Chart, & Dividend Growth. More on PROG Holdings PROG Holdings, Inc. (PRG) Q4 2025 Earnings Call Transcript PROG Holdings, Inc. 2025 Q4 - Results - Earnings Call Presentation PROG: An Overlooked Cash-Generating Fintech Prog Holdings outlines $3B–$3.1B 2026 revenue target as multiproduct platform accelerates growth PROG Holdings reports mixed Q4 results; initiates Q1 and FY26 outlook

格隆汇2月26日丨港股午后跌幅进一步扩大，其中，恒生科技指数跌超2%，恒生国企指数跌1.7%，恒指跌近1%。恒生科技指数成分股中，理想汽车跌超4%，携程、小鹏汽车、华虹半导体、百度、哔哩哔哩、零跑汽车、快手跌超3%，比亚迪股份、腾讯音乐、阿里健康、同程旅行、阿里、京东跌超2%。

DeepSeek Excludes Nvidia, AMD From Early Access to New Model The Information

【有線新聞】粉嶺發生山火，有最少兩條火線，消防登山撲救。 在坪輋路近軍地北村對上山頭，見到一條火線，大約有100米長，據報山上還有另一條火線，火乘風勢一度蔓延。消防下午5時許接報現場發生山火，派員帶同山火拍及背泵登山撲救。

Willis Towers Watson ( WTW ) declares $0.96/share quarterly dividend , 4.3% increase from prior dividend of $0.92. Forward yield 1.29% Payable April 15; for shareholders of record March 31; ex-div March 31. See WTW Dividend Scorecard, Yield Chart, & Dividend Growth. More on Willis Towers Watson Willis Towers Watson Public Limited Company 2025 Q4 - Results - Earnings Call Presentation Willis Towers Watson Public Limited Company (WTW) Q4 2025 Earnings Call Transcript Willis Towers Watson: A Steady Play With Light Top-Line Growth Top Quant rated insurance brokers in focus amid AI disruption fears Willis Towers Watson signals continued margin expansion and mid-single-digit growth outlook for 2026 amid portfolio optimization and strategic acquisitions

Kennedy-Wilson Holdings, Inc. ( KW ) declares $0.12/share quarterly dividend , in line with previous. Forward yield 4.42% Payable April 9; for shareholders of record March 31; ex-div March 31. See KW Dividend Scorecard, Yield Chart, & Dividend Growth. More on Kennedy-Wilson Holdings, Inc. Key deals this week: Visa, Hims & Hers Health, Salesforce and more Kennedy-Wilson stock jumps on $10.90/share all-cash take-private deal Seeking Alpha’s Quant Rating on Kennedy-Wilson Holdings, Inc. Historical earnings data for Kennedy-Wilson Holdings, Inc. Dividend scorecard for Kennedy-Wilson Holdings, Inc.

格隆汇2月26日｜华源证券研报指出，三友化工业绩下滑，估值处于低位。2025年公司预计实现归母净利润0.91亿元左右，同比下降82%。主要原因是纯碱、氯碱、有机硅价格下跌。截至2026年2月24日公司PB1.2倍，处于2003年至今26%分位，明显低于申万化工行业整体PB2.5倍的平均水平。公司粘胶短纤收入占比5成左右，产能80万吨，价格每上涨1000元/吨，公司年化业绩有望增厚约6亿元。氯碱作为高耗能行业，盈利较差未来产能增速低。政府加强碳排放和能耗考核，若落后产能出清及地产需求复苏，行业盈利亦有望好转。选择中泰化学、新疆天业、君正集团作为可比公司，公司是国内粘胶、纯碱、有机硅和氯碱龙头，一体化优势明显，粘胶短纤和有机硅涨价弹性较大，PB估值低位安全边际高，首次覆盖给予“买入”评级。

Turning Point Brands ( TPB ) declares $0.08/share quarterly dividend , 6.7% increase from prior dividend of $0.07. Forward yield 0.22% Payable April 10; for shareholders of record March 20; ex-div March 20. See TPB Dividend Scorecard, Yield Chart, & Dividend Growth. More on Turning Point Brands Turning Point Brands: A Buzzing Growth Story Seeking Alpha’s Quant Rating on Turning Point Brands Historical earnings data for Turning Point Brands Dividend scorecard for Turning Point Brands Financial information for Turning Point Brands

Nadzeya Haroshka/iStock via Getty Images U.S. Vice President JD Vance said Wednesday that the Trump administration will withhold $259 million in Medicaid funds from Minnesota, saying the state allowed the theft of federal funds intended for social-welfare programs in the state. Vance and Dr. Mehmet Oz, who oversees the Medicaid healthcare program for low-income households, announced the temporary halt at a joint press conference on Wednesday, where they criticized Minnesota Governor Tim Walz's administration for not doing enough to combat fraud. "We are stopping the federal payments that will go to the state government until the state government takes its obligations seriously," Vance said. Minnesota Governor Walz fired back on social media, accusing the administration of attempting to punish Democratic-run states. Oz said the federal government had paused the payment of $259 million of deferred Medicaid payments to Minnesota following an audit and would hold on to the funds until the state government proposes "a comprehensive corrective action plan." He added that Walz had 60 days to respond. Vance and Oz also announced a six-month nationwide pause on Medicaid enrollment for durable medical equipment suppliers, including prosthetics and orthotics, pointing to fraud risks among these providers. Top Medicaid insurers: Centene ( NYSE: CNC ), Elevance Health ( NYSE: ELV ), UnitedHealth Group ( NYSE: UNH ), Molina ( NYSE: MOH ), and CVS Health ( NYSE: CVS ) through its Aetna unit. Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on Medicaid insurers, etc. UnitedHealth: Compelling Value Proposition, But Risks Greatly Elevated UnitedHealth: 3 Reasons Not To Buy (Revisited) UnitedHealth: After The Collapse Medicare Advantage growth reportedly slows down as UnitedHealth, CVS retreat Tiger Global takes new stakes in WLTH, trims NVDA, AMZN, and MSFT amon...

FTAI Aviation ( FTAI ) declares $0.40/share quarterly dividend , 14.3% increase from prior dividend of $0.35. Forward yield 0.53% Payable March 23; for shareholders of record March 13; ex-div March 13. See FTAI Dividend Scorecard, Yield Chart, & Dividend Growth. More on FTAI Aviation Chris DeMuth Jr. Shares Some Stock Picks FTAI Aviation: From Aerospace To AI Data Center Power, Why I Maintain My Buy Rating FTAI Aviation Q4 2025 Earnings Preview Top performing industrials stocks in the past month Seeking Alpha’s Quant Rating on FTAI Aviation

Nvidia delivers, but good no longer cuts it Reuters

(RTTNews) - European stocks are seen opening broadly lower on Thursday despite strong earnings and guidance from chipmaker Nvidia.

格隆汇2月26日｜数据显示，2026年1月证券类APP活跃人数达1.84亿，环比增长5.11%，同比增长13.86%。

格隆汇2月26日｜来自综合运输春运工作专班数据显示，2026年2月25日（春运第24天，农历正月初九，星期三），全社会跨区域人员流动量23058.9万人次，环比下降4.9%，比2025年同期（星期四）增长5.4%。

格隆汇2月26日丨飞荣达(300602.SZ)涨6.92%，报40.630元，股价创历史新高，总市值236.41亿元。

ismagilov/iStock via Getty Images Fund Commentary In the fourth quarter of 2025, the MSCI ACWI IMI Core Real Estate Index (Fund Index) returned -0.47%, underperforming the broader global equity market, represented by the MSCI World Index, which returned -3.12% in the quarter. Within the Fund Index, the top-performing countries over this time period were Egypt and Chile, returning 41.09% and 28.83%, respectively. China and Saudi Arabia were the worst-performing countries for this quarter, with returns of -16.14% and -15.63%, respectively. The fourth quarter began with a U.S. government shutdown, which lasted into mid-November. The U.S. economy avoided major broad-based disruption. However, the shutdown hampered economic data collection creating a considerable information vacuum just as markets sought clarity on growth, inflation, and policy trajectories. Following resumed economic data, the broader U.S. macroeconomic landscape held firm with ongoing resilience amid a gradually cooling labor market. The downside labor market risk kept U.S. Federal Reserve easing in play, leading to two rate cuts in the quarter even as the economy expanded. The global tariff environment proved less disruptive than earlier fears. U.S. monthly tariff collections rose but remain well below levels implied by announced policies. Financial markets capped a strong 2025 with fourth-quarter gains in both equities and fixed income. Non-U.S. equities outpaced the U.S., leaving global equities with a low-single-digit gain. For the U.S., a strong third-quarter corporate earnings season helped bolster the earnings outlook heading into 2026. Artificial intelligence remained a central market topic, with investors shifting from broad-based enthusiasm to taking a more critical look at potential returns of AI-related investment plans. This led to more varied performance across the largest tech-related and AI-adjacent companies. Performance as of 12/31/25 Annualized Returns FUND QTR YTD 1 Year 3 Years 5 Y...

laddawan punna/iStock via Getty Images Market review and outlook Most asset categories produced solid returns in the final three months of 2025. Investor sentiment remained buoyed by the combination of steady global growth, strong corporate earnings, and accommodative central bank policies. The U.S. Federal Reserve's (Fed's) decision to enact two quarter-point interest rate cuts and end its restrictive quantitative tightening policy was particularly supportive for investor risk appetites. Alternative assets finished 2025 with unimpressive returns relative to both equities and the higher-risk segments of the bond market. Still, we believe the continued expansion of stock market valuations, together with yield spreads for investment-grade corporate and high-yield bonds sitting near the all-time lows, suggests that investors may need to access a wider range of asset classes to identify compelling risk-and-return opportunities. We therefore continue to view alternatives as an essential building block of asset allocation. Contributors and detractors The fund uses three main strategies: absolute return, designed to have low sensitivity to fluctuations in the broader financial markets; alternative investment approaches, where the underlying managers use opportunistic techniques; and alternative markets, which include asset classes where the drivers of performance are often unrelated to those of traditional investments. The fund's weightings in the three categories were 63%, 27%, and 7%, respectively, at year-end. The fund held a small 3% position in cash. Alternative investment approaches was the top-performing strategy. The absolute return strategy made a positive contribution, although certain positions detracted from performance during the period. Alternative markets also performed well in the quarter. The largest contribution came from a holding that benefited from higher gold, silver, and platinum prices. Concerns that the Fed's accommodative stance could lead to high...

stocknshares/iStock via Getty Images This ETF is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. This ETF will not. This may create additional risks for your investment. For example: You may have to pay more money to trade the ETF's shares. This ETF will provide less information to traders, who tend to charge more for trades when they have less information. The price you pay to buy ETF shares on an exchange may not match the value of the ETF's portfolio. The same is true when you sell shares. These price differences may be greater for this ETF compared to other ETFs because it provides less information to traders. These additional risks may be even greater in bad or uncertain market conditions. The ETF will publish on its website each day a "Tracking Basket" designed to help trading in shares of the ETF. While the Tracking Basket includes some of the ETF's holdings, it is not the ETF's actual portfolio. The differences between this ETF and other ETFs may also have advantages. By keeping certain information about the ETF secret, this ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETF's performance. If other traders are able to copy or predict the ETF's investment strategy, however, this may hurt the ETF's performance. For additional information regarding the unique attributes and risks of this ETF, see FUND RISKS in the Definitions and Important Information section. Investment Approach Fidelity® Blue Chip Growth ETF is a domestic equity growth strategy with a large-cap bias. Our investment approach focuses on companies we believe have above-average earnings-growth potential with a sustainable business model, for which the market has mispriced the rate and/or durability of growth. In particular, we look for events that might provide a business catalyst – such as product cycles, a change in management and turnaround situations – that could add to a stock's tru...

Sean Anthony Eddy/E+ via Getty Images Investment environment U.S. shares rose on positive corporate earnings news. Economic growth has been relatively stable despite a government shutdown, policy headwinds, and slower-than-expected employment growth. The Federal Reserve (Fed) followed a September rate cut with two additional 25-basis point (bp) rate cuts, in October and December, respectively. Excitement around artificial intelligence (AI) was a strong driver of returns early in the quarter. The market began to broaden in the second half of October as concerns over valuations and potential investment returns led to declines in AI-related stocks. Nonetheless, stocks ended the year on a strong note. Portfolio review Oracle, a provider of cloud infrastructure, was a relative detractor, amid volatility in AI-related stocks. Oracle has emerged as a leading player in the AI market, supported by its strong and growing position in the hyperscale market as well as close relationships with leading AI partners. Oracle's cloud business has signed several multibillion-dollar contracts. This led to a large increase in remaining performance obligations (RPOs), which represent expected future revenues. Despite the company's strong financial performance, the stock declined in the fourth quarter as investors grew more cautious about Oracle's ability to fund the ambitious infrastructure buildup necessary to service these future contracts. Further, the market has concerns about the potential customer concentration within these RPOs. We believe these concerns are overstated, as Oracle has multiple avenues for funding growth due to its solid balance sheet and strong operating cash flow. In our view, the company remains well positioned to benefit from the ongoing buildout of AI capacity because of its technological advantages and strategic business relationships. We also are constructive on opportunities for power companies that are capitalizing on the rapid expansion of data center capac...

syahrir maulana/iStock via Getty Images Manager perspective and outlook US equities advanced in the fourth quarter despite renewed volatility amid economic crosscurrents and seemingly mixed investor sentiment toward artificial intelligence (AI) valuations. The US government shutdown appeared to weigh on confidence as key economic data releases were delayed. Once released, the initial third quarter GDP estimate showed robust 4.3% growth. Labor market conditions softened, as November's jobs report showed weaker non-farm payrolls and unemployment rose to 4.6%, a four-year high. Consumer spending remained resilient but showed strain among lower income households. Inflation moderated but November's 2.7% headline CPI remained above the Fed's 2% target. The Fed cut the federal funds rate twice during the quarter, signaling a cautious shift toward easing while emphasizing its commitment to balance inflation pressures with growing labor market risks. Despite the mid-quarter volatility spike, strong corporate earnings and Fed rate cuts fueled equity gains. The Russell 2000 Index returned 2.19%, while the S&P 500 Index returned 2.66%. Regardless of market sentiment and near-term economic trends, our investment process favors better-managed companies with strong competitive positioning. We seek to outperform through stock selection while keeping top-down macro, factor and sector exposures similar to the index. Top issuers (% of total market value) Fund Index American Healthcare REIT Inc 2.08 0.27 PennyMac Financial Services Inc 2.05 0.13 ADMA Biologics Inc 1.84 0.15 Enpro Inc 1.79 0.16 Columbia Banking System Inc 1.77 0.00 BrightSpring Health Services Inc 1.71 0.14 Guardant Health Inc 1.70 0.43 Wintrust Financial Corp 1.67 0.00 Bridgebio Pharma Inc 1.66 0.42 Helmerich & Payne Inc 1.63 0.10 Click to enlarge As of 12/31/25. Holdings are subject to change and are not buy/sell recommendations. Portfolio positioning There was no significant change to overall positioning during the q...

FabrikaCr/iStock via Getty Images By Warren Patterson, Head of Commodities Strategy and Ewa Manthey , Commodities Strategist Energy: US-Iran talks set to take place It’s a big day for oil markets with all eyes on US-Iran nuclear talks, which are scheduled for later today. A constructive resolution would likely prompt the market to gradually unwind as much as a $10/bbl risk premium, which we believe is currently priced in. If talks break down, the upside risk remains, but the market may hold off on a full reaction until the scale of potential US action against Iran becomes clearer. Targeted and brief strikes that avoid energy infrastructure (like those seen last year) with limited retaliation from Iran would likely provide a brief spike higher in oil prices. The move, though, would likely be short-lived. Longer-term action from the US, with more aggressive retaliation from Iran, would increase supply risks for the oil market. This would make any further price increases more sustainable. While the flat price remains well supported amid geopolitical uncertainty, ICE Brent timespreads have come under much more pressure recently, suggesting the physical market is becoming increasingly well supplied. Kazakh oil flows from the CPC terminal are normalising following disruptions earlier this year. Floating storage continues to decline, indicating that previously stranded sanctioned barrels are finally finding buyers and moving toward their destinations. If we are to see de-escalation between the US and Iran, it should allow weaker fundamentals to feed through to a lower flat price - particularly if OPEC+ resumes supply increases from April, which we believe they will agree to this weekend. Yesterday's inventory data from the Energy Information Administration (EIA) was bearish. The EIA reported that US crude oil inventories increased by 15.99m barrels over the last week- the largest weekly increase since February 2023. The increase was dominated by inventory builds on the Gul...

sankai/E+ via Getty Images We believe municipal credit conditions should continue to remain. Market Review The municipal bond market extended its rally in the fourth quarter, outperforming U.S. Treasuries and corporate bonds, supported by relatively favorable technicals and two additional 25 bp Fed rate cuts. Despite two consecutive quarters of strength, municipal bonds trailed other fixed income sectors for the full year. On the supply side, new issuance accelerated in November and December after a soft October, bringing total 4Q25 issuance to $141 billion, up 12.5% from 4Q24, according to the Bond Buyer. Full-year supply set another new annual record of $580 billion, up 12.9% year over year, driven in part by front-running tax policy uncertainties, higher cost of capital expenditure due to higher inflation, and waning of pandemic-related funds. Taxable municipal issuance remained low at $33 billion in 2025, down 12.4% year over year. In 4Q25, investor demand remained robust and municipal funds saw strong inflows, especially into municipal ETFs. Per Investment Company Institute data, municipal open-ended mutual funds had net inflows of $13 billion, while ETFs gained $45 billion for the whole year 2025. During the fourth quarter, the municipal yield curve twisted flatter, with yields from two- to five-year maturities increasing 8 to 19 bps, while yields from ten-to-thirty years decreased 8 to 27 bps. To the contrary, the treasury yield curve twisted steeper, with yields from one-to-three-year maturities decreasing 1 to 14 bps, while yields from five-to-thirty years increased 5 to 14 bps. As a result, the Muni-Treasury ratio, a key gauge of relative value, cheapened in the short 2-5-year maturity range while richening in the 10-30-year part. The 2-year AAA Muni-to-Treasury ratio increased to 70% from 62%, while the 10-year ratio decreased to 65% from 70% and the 30Y ratio decreased to 85% from 89%, which were at richer side of fair value. In 4Q25, shorter duration mu...