本港樓價連升八個月，見逾一年半高位。 差餉物業估價署公布一月份私人住宅售價指數，按月上升百分之0.5；按年升近半成，是自2024年六月的高位。一月份所有面積分類的單位都錄得按月升幅，當中，753至1,075平方呎的單位升百分之0.9。 租金繼續破頂，按月升近百分之0.3；按年升逾百分之4。

本港樓價連升八個月，見逾一年半高位。 差餉物業估價署公布一月份私人住宅售價指數，按月上升百分之0.5；按年升近半成，是自2024年六月的高位。一月份所有面積分類的單位都錄得按月升幅，當中，753至1,075平方呎的單位升百分之0.9。 租金繼續破頂，按月升近百分之0.3；按年升逾百分之4。

Software stocks are in bear market territory with some of the industry’s biggest names about to report earnings. What to expect next.

Diankha Linear, a Director of Lumen Technologies (NYSE:LUMN) , reported the open-market sale of 45,000 shares for a total consideration of approximately $355,000 on Feb. 20, 2026, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($7.89); post-transaction value based on Feb. 20, 2026 market close ($7.89). * 1-year performance calculated using Feb. 20, 2026 as the reference date. Continue reading

Cracking the Chip Monopoly: Meta Invests in AMD Chips MarketBeat

Crypto is creeping back into the startup conversation, but at ETHDenver last week, the buzz was as much about Washington as it was about tokens. Policy shifts are rippling through the market as Tether and stablecoins face scrutiny, players like Stripe re-enter the conversation, and startups either find traction or flame out. The hype cycle is over, or at least taking a break. So what comes next? On […]

Anthropic has dropped its hallmark safety policy, as it deals with rising competition and ongoing contract negotiations with the Pentagon. Bloomberg’s Michael Shepard discusses the move with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)

Douglas Rissing/iStock via Getty Images NewtekOne, Inc.’s ( NEWT ) 8.625% fixed-rate senior notes due 2029 ( NEWTH ) offer an attractive yield. Since my last analysis on NEWTH, NewtekOne has grown and improved in financial health. Its transformation from business development company (“BDC”) to financial holding company was completed in January 2023 with the acquisition of the National Bank of New York City and its renaming to Newtek Bank, N.A., leading to a period of remarkable operational success. Deposits have grown, loan origination has expanded, and the company has become even more profitable than when I first wrote about the NEWTH. My analysis shows that NewtekOne deserves an investment-grade credit rating. As a result, I maintain my “Strong Buy” rating. 8.625% Yield With A 2029 Maturity NEWTH was issued on Sept. 16, 2024, as a $75 million offering of senior unsecured notes with a $25 issue price. NEWTH pays 8.625% a year in quarterly installments on Jan. 15, April 15, July 15, and Oct. 15, with a maturity date of Oct. 15, 2029. They become callable at par this year on Oct. 15 without a make-whole provision, i.e., they cannot be called until that date, and then they become redeemable at $25.00 plus accrued interest at NewtekOne's discretion. NEWTH has a current yield of 8.56%, a yield-to-maturity of 8.4%, a yield to call of 7.5%, and a spread over 3-year Treasuries (constant maturity) of 5.06%. In terms of the capital structure, NEWTH’s subordination to Newtek Bank, N.A. liabilities is the most important feature. As senior unsecured debt, NEWTH is on an equal footing with NewtekOne’s other exchange-traded notes, NEWTI, NEWTG, and the newly issued NEWTO. These notes are subordinated to all Newtek Bank, N.A. obligations, including $1.42 billion in deposits and Federal Home Loan Banks (“FHLB”) borrowings. Below the senior notes are the Series B Preferred Stock ( NEWTP ) and $397.57 million in shareholder equity. With the retirement of $95 million in NEWTZ in Febru...

格隆汇2月26日｜美国商品期货交易委员会在一份声明中表示，其有权监管预测市场的非法交易行为。

【有線新聞】最高人民法院舉行新聞發布會，介紹人民法院懲治電信網絡詐騙犯罪、侵財犯罪相關工作情況。 當局公布過去5年全國法院一審審結電信網絡詐騙犯罪案逾15.9萬宗，涉緬北電詐犯罪案件2.7萬多宗，判處緬北電詐回流人員超過4.1萬人。其中「四大家族」犯罪集團案，明家、白家兩大犯罪集團案已完成全部審理程序，39人被判處無期徒刑以上刑罰，其中16人被判處死刑立即執行。

Key PointsBroadcom will kick off fiscal 2026 with a quarterly earnings report on March 4.

【有線新聞】兩會下周舉行，全國人大常委會在北京召開會議，審議了任免案等多項草案。 全國人大常委會第二十一次會議在人民大會堂舉行，為下周全國人大四次會議作準備，新華社報道會議審議了全國人大個別代表的資格、官員任免案等。另外會議聽取多項草案匯報及說明，其中有關消防救援人員法為首次進行審議。應急管理部副部長徐加愛：「一是實行分類管理，分別明確管理指揮人員、專業技術人員、消防員的管理辦法。二是明確職務對應關係、三是明確招錄、退出等制度，要求建立完善國家消防救援人員招錄、考核、訓練等各項制度。」 會議亦對修改社會救助法草案進行審議，完善立法目的，加強保障個人私隱，將有特殊困難人士納入低保救助範圍，並對服務類救助作出規定。全國人大憲法和法律委員會副主任委員駱源：「有的提出，司法救助不屬於社會救助，但實踐中有的人員獲得司法救助，仍然面臨生活困難，需要社會救助給予兜底保障，建議對社會救助與司法救助的銜接問題作出原則規定。」 另外，註冊會計師法修正草案亦進行了初審，財政部部長藍佛安：「明確註冊會計師不得通過任何方式出具虛假報告，未保持應有的職業懷疑、未履行必要的審計程序等，不得發表不恰當的審計意見或者出具報告，不得冒用他人名義執業、不得採用不正當方法招攬業務，同時進一步明確有限責任會計師事務所不得從事的業務範圍。」 當局期望加大追責嚴打審計造假行為，進一步規範財務審計秩序。

Key PointsGreat Point Partners acquired 581,187 shares of RAPT Therapeutics in the fourth quarter.

On February 17, 2026, Hedge fund BVF disclosed a new position in Disc Medicine (NASDAQ:IRON) , acquiring 650,000 shares. According to a recent SEC filing dated February 17, 2026, BVF reported a new position in Disc Medicine, Inc. during the fourth quarter, acquiring 650,000 shares. The quarter-end value of the position stood at $51.62 million, reflecting both the purchase and share price movement over the period. Disc Medicine, Inc. is a clinical-stage biotechnology company based in Watertown, Massachusetts. The company leverages deep expertise in red blood cell biology to address unmet medical needs in hematology, positioning itself as an innovator in the development of therapies for rare blood diseases. Its strategic focus on fundamental biological pathways and targeted drug development provides a competitive edge within the biotechnology sector. Continue reading

Cryptocurrencies are "utterly useless," Federal Reserve Bank of Minneapolis President Neel Kashkari says. Kashkari cast doubt on the value of cryptocurrencies when asked about AI by Old National Bancorp (NASDAQ:ONB) CEO Jim Ryan III during a Q&A at the Midwest...

美国总统特朗普下周将在白宫召集科技业高管签署承诺，保证其公司将承担高耗能数据中心的电力成本。一名白宫官员表示，来自亚马逊、Meta Platforms Inc.、微软以及谷歌母公司Alphabet在内的企业代表预计将出席3月4日与特朗普举行的活动。受邀名单还包括埃隆·马斯克旗下xAI、甲骨文以及OpenAI。尽管这些承诺将不具约束力，也缺乏法律效力，但政府官员认为，正式且公开的承诺有助于问责，并为担心数据中心快速扩张可能带来环境损害和电费上涨的消费者提供一定保证。

Paper Boat Creative/DigitalVision via Getty Images Investment Overview Recursion Pharmaceuticals, Inc. ( RXRX ), the self-styled "clinical-stage TechBio company with a mission to decode biology to radically improve lives" (Source: 2025 annual report/ 10-K filing ), reported its earnings earlier today, 25th February 2026. In early trading today, the stock is up >9%, priced at $3.86, and market cap valuation is precisely $2bn. Let's start with some headline figures - Recursion reported $35.5m of revenues in Q4 2025, up from $4.5m in the prior-year period. Across the whole of 2025, revenues were $74.7m, and consisted "primarily of revenue from collaboration agreements" involving the company's "Big Pharma" partners Roche ( RHHBY ) and Sanofi ( SNY ). R&D expenses in 2025 amounted to $475.3m, up from $314.4m in the prior year; general and administrative ("G&A") expenses were $176.6m, more or less the same as in 2024, and net loss amounted to $(108.1m), compared to $(178.9m) in 2024. Net loss per share of Class A, B, and Exchangeable common stock, basic and diluted, was $(1.44), compared to $(1.69) in 2024. Finally, the company reported $743m of cash and equivalents and $343m of total liabilities. Accumulated deficit stood at $(2.1bn) as of the end of 2025, up from $(1.43bn) at the end of 2024. Analysis - Operational Highlights - The Value Proposition For Investors Remains Well Hidden In my last note on Recursion in December last year, I upgraded my rating on the stock from Hold to Buy, with some caveats. I have made the point before that while AI-driven drug discovery may sound like the future of the pharmaceutical industry, to date, it has produced very few candidates of note, and as an investment opportunity, it is hard to think of a worse-performing sector. Consider the chart below, mapping share price performance of Relay Therapeutics ( RLAY ), AbCellera ( ABCL ), BioXcel Therapeutics ( BTAI ), and Schrödinger ( SDGR ). For a lone outperformer - albeit shares appear ...

Richard Drury/DigitalVision via Getty Images Introduction Lately, I’ve seen at least an article a day about gold. Opinions come from a wide array of people with different vantage points. It can be difficult for investors to separate the wheat from the chaff. Gold’s outsized appreciation over the past several years and recent volatility led me to revisit my asset allocation to gold. Below I share the results of my comprehensive review of what I consider to be the most useful fundamental and sentiment-based indicators. My perspective is based on owning gold since 2008 and spending hundreds of hours researching it. I’ve always viewed gold as a core component of an all-weather portfolio, not a speculative trading vehicle. Here are a few sample articles I've published on SA: Where is Gold Going? Watch sentiment not fundamentals is a refutation of common misconceptions about determinants of gold price movements. I discuss why sentiment is important and show how the Commitments of Traders data has been useful. The Case for $5,000 Gold , written in 2022 when gold was trading at ~$1,850 per ounce discusses the gold to monetary base as a useful indicator. My All-Weather Portfolio Report: Dramatic Climate change and Mean Reversion Underway shows how mean reversion has accelerated in gold and other asset classes. Let’s begin with a look at key fundamentals followed by sentiment indicators. I will conclude with implications for my all-weather portfolio allocation to gold. Gold Has Had a Great Run This Century. Time for a Correction or Major Top? Most financial advisors and mainstream financial media don’t tell us (or aren’t aware) that gold has outperformed the S&P 500 this century, up 10.9% per year vs. 8.2%, respectively. According to the World Gold Council , gold has returned over 9% per year since 1971 when Nixon abolished the gold standard. However, with its recent surge past the magical $5,000 level, people are finally noticing. Over the past five years gold has gained 26%...

Antonio Tejero, who died at 93, was part of rightwing network whose efforts were thwarted by King Juan Carlos The Spanish officer who led his armed followers into the Spanish congress in a failed military coup in 1981 has died on the same day that the socialist-led government declassified documents relating to the murky attempt to overthrow the country’s post-Franco democracy. Antonio Tejero, who was 93, was part of a network of rightwing police and military officers whose efforts to seize power were thwarted after King Juan Carlos refused to support the coup and ordered the generals to obey the democratic constitutional order. Continue reading...

油价周三基本持平，因美国原油库存增幅远超预期，盖过了美伊潜在军事冲突对石油供应的威胁。 布伦特原油期价上涨0.08美元，涨幅为0.11%，收于每桶70.85美元。 纽约商品交易所4月交割的西得州中质原油（WTI）价格下跌0.21美元，跌幅为0.32%，收于每桶65.42美元。 美国能源信息署周三表示，由于炼厂开工率下降和进口增加，上周美国原油库存增加1600万桶。而路透调查中分析师预期为增加150万桶。 不过，美国能源信息署的调整项——即原油库存中未说明的变化总量——上周达到创纪录的每日270万桶。 瑞银 大宗商品分析师乔瓦尼·斯陶诺沃表示：“美国能源信息署报告偏空，原油库存大幅增加……但对价格的影响有限，因为目前石油市场仍受其他因素影响更大，如中东地缘政治紧张局势。” 随着美国在中东部署军事力量，试图迫使伊朗就终止其核计划和弹道导弹计划进行谈判，布伦特油价上周五触及7月31日以来最高，WTI油价周一触及8月4日以来最高。 若冲突扩大，可能会扰乱石油输出国组织第三大产油国伊朗以及其他主要中东产油区的供应。美国总统特朗普周二在国情咨文中简要阐述了可能对伊朗发动攻击的理由，称他不会允许他所称的“全球最大恐怖主义赞助国”拥有核武器，这对油价构成支撑。 美国特使史蒂夫·维特科夫和贾里德·库什纳计划周四在日内瓦与伊朗代表团举行第三轮会谈。伊朗外交部长阿巴斯·阿拉格奇周二表示，与美国达成协议“触手可及，但前提是必须优先考虑外交途径”。 三位了解欧佩克+想法的消息人士称，欧佩克+可能会考虑在4月份将石油 日产 量提高13.7万桶，以结束为期三个月的增产暂停。该组织正在为夏季需求高峰做准备，美国与欧佩克成员国伊朗之间的紧张局势推高了油价。八个欧佩克+产油国——沙特、俄罗斯、阿联酋、哈萨克斯坦、科威特、伊拉克、阿尔及利亚和阿曼——将于3月1日举行会议。 另据两名知情人士透露，欧佩克+主要产油国沙特已启动一项短期石油增产和出口激增计划，以防美国对伊朗的打击扰乱石油供应。 关税不确定性也进一步加剧了投资者担忧。在上周最高法院作出全面裁决后，特朗普的10%临时全球关税于周二生效。他后来说关税将为15%，但尚不清楚何时以及是否会实施。美国贸易代表贾米森·格里尔周三表示，美国对某些国家的关税率将从新实施的10%提高到15%或更高，但他没有点名任何具体贸易伙伴，也没有提供更多细节。 责任编辑：张...

Ravi Mhatre, partner and co-founder at Lightspeed Venture Partners, joins Dani Burger on "Bloomberg Deals". The high-profile enterprise investor counts Anthropic and xAI in his company's portfolio. (Source: Bloomberg)

In late 2024, Alphabet announced an experimental quantum computing chip capable of performing calculations exponentially faster than traditional supercomputers. That helped ignite market-wide hype for quantum computing stocks throughout 2025. A handful of early-stage quantum computing stocks, such as IonQ (NYSE: IONQ) , D-Wave Quantum (NYSE: QBTS) , and Rigetti Computing (NASDAQ: RGTI) , all surged to massive gains throughout the first few quarters of 2025. Although these stocks cooled off beginning in the fall, all three stocks managed full-year gains as high as 211%. Quantum computers could someday help unlock potential in artificial intelligence (AI), drug discovery, and cybersecurity, perhaps creating new industries. But despite their remarkable potential, I predict that the hype on quantum computing stocks will continue to fade throughout 2026. Here is why. Continue reading

watch now In this video ETH.CM= BTC.CM= Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email Crypto World Bitcoin climbs toward $70,000 level as U.S. equities rise: CNBC Crypto World On today's episode of CNBC Crypto World, bitcoin is on pace to break a multi-week losing streak. Also, Trump family-backed crypto platform World Liberty Financial says it was targeted by a 'coordinated attack.' Lastly, Coinbase chief policy officer Faryar Shirzad discusses the status of crypto market structure legislation after halted efforts on Capitol Hill. 12:54 an hour ago Ryan Baker Jordan Smith Kaan Oguz

Six other passengers were wounded in the incident, which took place near an island on Cuba's northern coast.