Leon Neal/Getty Images News MTU Aero Engines ( MTUAF ) ( MTUAY ) projected 2026 revenue and earnings largely in line with market expectations, but warned that ongoing issues tied to Pratt & Whitney’s geared turbofan engine recall would continue to weigh on cash generation, sending its shares lower on Tuesday. The German engine manufacturer has been dealing with the repercussions of a powder metal ...
Leon Neal/Getty Images News MTU Aero Engines ( MTUAF ) ( MTUAY ) projected 2026 revenue and earnings largely in line with market expectations, but warned that ongoing issues tied to Pratt & Whitney’s geared turbofan engine recall would continue to weigh on cash generation, sending its shares lower on Tuesday. The German engine manufacturer has been dealing with the repercussions of a powder metal defect disclosed last year by partner Pratt & Whitney. The flaw can lead to cracking in certain engine parts and has forced accelerated inspections and repairs, grounding hundreds of Airbus A320neo jets worldwide. Shares in MTU fell about 6% ( MTUAF ) ( MTUAY ) by late morning trade after the company reported quarterly free cash flow of 99 million euros, which came in below investor expectations. As a risk-sharing partner in the GTF program, MTU ( MTUAF ) ( MTUAY ) bears roughly 18% of the remaining recall-related costs. In a company presentation, MTU said the fleet management plan for the affected engines is still affecting performance but is progressing as anticipated. Chief Executive Johannes Bussmann told reporters the company expects the remediation process to be completed by the end of the year. He also indicated that recall-related expenses tracked internal projections in 2025 and are expected to remain at similar levels in 2026. The latest results provide a clearer picture of the financial strain from the recall. While the surge in required shop visits has boosted activity in MTU’s ( MTUAF ) ( MTUAY ) maintenance, repair and overhaul division, it has also put pressure on profitability. For 2026, MTU ( MTUAF ) ( MTUAY ) forecast adjusted revenue between 9.2 billion and 9.7 billion euros and adjusted operating profit of 1.35 billion to 1.45 billion euros. At the midpoint, those figures are broadly in line with, or slightly above, analyst expectations according to a company-compiled survey. Results for 2025 revenue and operating profit also met consensus estimates. How...
Waymo will begin dispatching its robotaxis in four more cities in Texas and Florida, expanding the territory covered by its fleet of self-driving cars to 10 major U.S. metropolitan markets. The move into Dallas, Houston, San Antonio and Orlando, Florida, announced Tuesday, widens Waymo's early lead in autonomous driving while rival services from Tesla and the Amazon-owned Zoox are still testing th...
Waymo will begin dispatching its robotaxis in four more cities in Texas and Florida, expanding the territory covered by its fleet of self-driving cars to 10 major U.S. metropolitan markets. The move into Dallas, Houston, San Antonio and Orlando, Florida, announced Tuesday, widens Waymo's early lead in autonomous driving while rival services from Tesla and the Amazon-owned Zoox are still testing their vehicles in only a few U.S. cities. In contrast, Waymo's robotaxis already provide more than 400,000 weekly trips in the six metropolitan areas where they have been transporting passengers: Phoenix, the San Francisco Bay Area, Los Angeles, Miami, Atlanta, and Austin, Texas.
Meta has struck a multi-billion dollar chip deal with AMD that could lead to the Facebook owner taking a 10 percent stake in the group, sending shares in the US chipmaker surging on Tuesday. The social media giant said it would acquire customized chips with a total capacity of 6 gigawatts from AMD as it races to develop and deploy its AI models. AMD’s chief executive Lisa Su said that “each gigawa...
Meta has struck a multi-billion dollar chip deal with AMD that could lead to the Facebook owner taking a 10 percent stake in the group, sending shares in the US chipmaker surging on Tuesday. The social media giant said it would acquire customized chips with a total capacity of 6 gigawatts from AMD as it races to develop and deploy its AI models. AMD’s chief executive Lisa Su said that “each gigawatt of compute is worth double-digit billions” under the deal. Read full article Comments
AES (NYSE:AES) has entered into a long term renewable energy and infrastructure partnership with Google tied to a new data center in Texas. Under the agreements, AES plans to develop, own, and operate energy facilities that will supply power to the Google data center. The partnership is expected to affect rural communities near the new facilities through new energy infrastructure and related inves...
AES (NYSE:AES) has entered into a long term renewable energy and infrastructure partnership with Google tied to a new data center in Texas. Under the agreements, AES plans to develop, own, and operate energy facilities that will supply power to the Google data center. The partnership is expected to affect rural communities near the new facilities through new energy infrastructure and related investment. For investors watching NYSE:AES, this partnership comes as the stock trades around...
Artificial intelligence model builder Anthropic on Tuesday is slated to host an event focusing on how its Claude family can be leveraged to deploy "agents" in enterprises.
Artificial intelligence model builder Anthropic on Tuesday is slated to host an event focusing on how its Claude family can be leveraged to deploy "agents" in enterprises.
The number of people affected by a data breach at government contractor giant Conduent is growing, as millions of people continue to receive notices warning them that hackers stole their personal data.
The number of people affected by a data breach at government contractor giant Conduent is growing, as millions of people continue to receive notices warning them that hackers stole their personal data.
Luis Alvarez Stock index futures were higher on Tuesday as Wall Street looked to regain some ground after Monday’s brutal AI-driven selloff. Here are the four stocks to watch on the day: Home Depot ( HD ) rose 2.63% in premarket trade after the company reported fourth-quarter results. Revenue decreased 3.8% year-over-year to $38.2 billion, though an additional week in Q4 FY2024 contributed approxi...
Luis Alvarez Stock index futures were higher on Tuesday as Wall Street looked to regain some ground after Monday’s brutal AI-driven selloff. Here are the four stocks to watch on the day: Home Depot ( HD ) rose 2.63% in premarket trade after the company reported fourth-quarter results. Revenue decreased 3.8% year-over-year to $38.2 billion, though an additional week in Q4 FY2024 contributed approximately $2.5 billion in sales, impacting the comparison. Comparable sales increased 0.4% for the quarter ended February 1, beating the consensus expectation for a 0.4% decrease. Advanced Micro Devices ( AMD ) jumped 9.22% before the opening bell on news of an expanded strategic partnership with Meta Platforms (META). The companies announced a multi-year, multi-generation agreement to deploy up to 6 gigawatts of AMD Instinct chips to power Meta’s next generation of AI infrastructure. The collaboration aligns roadmaps across silicon, systems, and software to deliver AI platforms purpose-built for Meta’s workloads. Eli Lilly ( LLY ) fell 2.04% in premarket trade following a pricing announcement from rival Novo Nordisk (NVO). Novo Nordisk said it plans to cut the list prices of its GLP-1 medications Wegovy, Ozempic, and Rybelsus in the U.S. by 35% to 50% from current levels, effective January 1, 2027. United Parcel Service ( UPS ) was flat in early action after a federal judge rejected a bid by the International Brotherhood of Teamsters union to block the company’s workforce-cutting program. UPS plans to proceed with offering $150,000 buyout packages to some of its drivers. The judge deemed the union’s claims of harm unfounded, noting that involuntary layoffs could be the logical alternative to the voluntary program. More Related Stories United Parcel Service: From Legacy Drag To Margin Inflection United Parcel Service Rally Explained: Why Better Estimates Don't Automatically Mean Upside AMD's Pullback Won't Last Long (Rating Upgrade) AI chipmaker Cerebras confidentially files f...
Luis Alvarez Stock index futures were higher on Tuesday as Wall Street looked to regain some ground after Monday’s brutal AI-driven selloff. Here are the four stocks to watch on the day: Home Depot ( HD ) rose 2.63% in premarket trade after the company reported fourth-quarter results. Revenue decreased 3.8% year-over-year to $38.2 billion, though an additional week in Q4 FY2024 contributed approxi...
Luis Alvarez Stock index futures were higher on Tuesday as Wall Street looked to regain some ground after Monday’s brutal AI-driven selloff. Here are the four stocks to watch on the day: Home Depot ( HD ) rose 2.63% in premarket trade after the company reported fourth-quarter results. Revenue decreased 3.8% year-over-year to $38.2 billion, though an additional week in Q4 FY2024 contributed approximately $2.5 billion in sales, impacting the comparison. Comparable sales increased 0.4% for the quarter ended February 1, beating the consensus expectation for a 0.4% decrease. Advanced Micro Devices ( AMD ) jumped 9.22% before the opening bell on news of an expanded strategic partnership with Meta Platforms (META). The companies announced a multi-year, multi-generation agreement to deploy up to 6 gigawatts of AMD Instinct chips to power Meta’s next generation of AI infrastructure. The collaboration aligns roadmaps across silicon, systems, and software to deliver AI platforms purpose-built for Meta’s workloads. Eli Lilly ( LLY ) fell 2.04% in premarket trade following a pricing announcement from rival Novo Nordisk (NVO). Novo Nordisk said it plans to cut the list prices of its GLP-1 medications Wegovy, Ozempic, and Rybelsus in the U.S. by 35% to 50% from current levels, effective January 1, 2027. United Parcel Service ( UPS ) was flat in early action after a federal judge rejected a bid by the International Brotherhood of Teamsters union to block the company’s workforce-cutting program. UPS plans to proceed with offering $150,000 buyout packages to some of its drivers. The judge deemed the union’s claims of harm unfounded, noting that involuntary layoffs could be the logical alternative to the voluntary program. More Related Stories United Parcel Service: From Legacy Drag To Margin Inflection United Parcel Service Rally Explained: Why Better Estimates Don't Automatically Mean Upside AMD's Pullback Won't Last Long (Rating Upgrade) AI chipmaker Cerebras confidentially files f...
primeimages/E+ via Getty Images For most of the final quarter of 2025, the macroeconomic landscape was shaped as much by what investors couldn’t see as by what they could. The U.S. government shutdown—lasting a record 43 days—created a significant information vacuum just as markets sought clarity on growth, inflation, and policy trajectories. Despite the data fog, the global macro backdrop proved ...
primeimages/E+ via Getty Images For most of the final quarter of 2025, the macroeconomic landscape was shaped as much by what investors couldn’t see as by what they could. The U.S. government shutdown—lasting a record 43 days—created a significant information vacuum just as markets sought clarity on growth, inflation, and policy trajectories. Despite the data fog, the global macro backdrop proved “good enough” for risk assets. Global growth held firm, inflation stayed sticky but avoided more disruptive outcomes, and most central banks leaned more accommodative than hawkish. In the U.S., elevated downside labor market risk kept U.S. Federal Reserve (“Fed”) easing in play, leading to rate cuts even as the economy expanded. However, policymaker dissents emerged as the Fed Funds rate approached the Federal Open Market Committee’s neutral estimate. International markets—particularly Japan and parts of Europe—offered broadly supportive signals, though political uncertainty occasionally weighed on European sentiment. Since mid-2024, most major developed market central banks have cut rates by 150-200 basis points (1.50%-2.00%) or more, meaning some could be close to the end of their easing cycle. The Bank of Japan remains on a separate trajectory with a gradual pace of rate hikes from a highly accommodative starting point, including two in 2025 and two more expected in 2026. Overall, the global tariff environment proved less disruptive than earlier fears. U.S. monthly tariff collections rose but remained well below levels implied by announced policies, while statutory rates edged lower as deals and exemptions took hold. Still, investors monitored persistent trade-related risks alongside other potential headwinds, including slower AI investment, labor market softening, bond market volatility tied to inflation or fiscal stress, and ongoing risk of geopolitical shocks. Financial markets capped a strong 2025 with 4Q gains across both equities and fixed income. Many fixed income...
hapabapa Rubrik ( RBRK ) was in focus on Tuesday as investment firm D.A. Davidson started coverage on the cybersecurity firm with a Buy rating and a $65 price target. Shares rose 1.2% in premarket trading. “The recent pullback makes for an attractive entry point in a high growth leader in a market that remains much healthier than the narrative would suggest,” analyst Rudy Kessinger wrote in a note...
hapabapa Rubrik ( RBRK ) was in focus on Tuesday as investment firm D.A. Davidson started coverage on the cybersecurity firm with a Buy rating and a $65 price target. Shares rose 1.2% in premarket trading. “The recent pullback makes for an attractive entry point in a high growth leader in a market that remains much healthier than the narrative would suggest,” analyst Rudy Kessinger wrote in a note to clients. “We also view RBRK as relatively better positioned for growth outside the core Backup & Recovery market, with strong traction already in DSPM & Identity Resilience. New AI Operations platform could be another meaningful growth driver as well.” Delving deeper, Kessinger said that while few software markets are as competitive as the cybersecurity market, and that there is some truth to the rising competition and pricing pressure narrative, legacy providers are under threat. “With a portfolio of highly performant, easy-to-deploy & use data protection & cyber resilience solutions across on-premise & cloud/SaaS workloads, we believe RBRK will continue to win their fair share of legacy displacements and capture a meaningful portion of the cloud/SaaS opportunity over time,” Kessinger explained. Additionally, Kessinger believes that Rubrik's new Agent cloud, which was released late last year, is a “compelling offering that will help enable faster & more secure adoption of AI agents.” More on Rubrik Rubrik: Finally In The Value Bin (Rating Upgrade) Rubrik: Buy With Discipline Ahead Of Full-Year Results Rubrik: Buy This Unfortunate SaaSpocalypse Victim Enterprise software stocks follow larger market down; AppLovin, Unity lead declines Cisco keeps CoreWeave stake steady, adds Rubrik, in new 13-F
Despite Rise In December, US Home Prices Saw Weakest Full-Year Gain Since 2011 For the fifth straight month, US home prices across its 20 largest cities rose in December (according to the admittedly lagged and smoothed Case-Shiller data released today). The 0.47% MoM rise is down very mopdestly from the upwardly revised +0.53% MoM in November Source: Bloomberg However, "national home prices grew j...
Despite Rise In December, US Home Prices Saw Weakest Full-Year Gain Since 2011 For the fifth straight month, US home prices across its 20 largest cities rose in December (according to the admittedly lagged and smoothed Case-Shiller data released today). The 0.47% MoM rise is down very mopdestly from the upwardly revised +0.53% MoM in November Source: Bloomberg However, "national home prices grew just 1.3% for the year - the weakest full-year gain since 2011," according to Nicholas Godec, CFA, CAIA, CIPM, Head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices. “Two structural forces have reshaped the market over recent years: mortgage rates and inflation,” Godec continued. "The 30-year mortgage rate closed 2025 at 6.2%, well above the 4.8% 10-year average and a sharp contrast to the 3.9% average that prevailed from 2016 through 2020. Meanwhile, annual inflation for 2025 came in at 2.7% — modestly below the 3.1% 10-year average — but still outpaced home price appreciation by 1.4 percentage points, effectively eroding real home values for most owners. This marks a notable reversal: Over the prior decade, national home prices outpaced inflation by 3.7 percentage points annually, a dynamic that has quietly reversed, with real home price returns turning negative in June 2025. ...but, declining mortgage rates suggest the rebound in aggregate prices could be about to explode... Source: Bloomberg Is this what President Trump wants to see? Flat prices and lower mortgage rates means more affordability... Tyler Durden Tue, 02/24/2026 - 09:07
374Water ( SCWO ) on Tuesday appointed Daniel (Danny) Bogar as President and CEO. Bogar had brought more than 20 years of executive leadership experience across finance, strategic development, and international operations and had most recently served as president and chief operating officer of PowerVerde. The company said recent discussions with investors, including Schedule 13D filers, had led to...
374Water ( SCWO ) on Tuesday appointed Daniel (Danny) Bogar as President and CEO. Bogar had brought more than 20 years of executive leadership experience across finance, strategic development, and international operations and had most recently served as president and chief operating officer of PowerVerde. The company said recent discussions with investors, including Schedule 13D filers, had led to the appointment of new board members. Brad Freels, Charles Weiser, and Stephen McKnight had joined existing directors Jim Pawloski and Marc Deshusses, forming a board aligned on scaling deployment of the company’s AirSCWO platform. Freels had served as chairman and chief executive officer of Midway and had been an infrastructure developer and industrial growth strategist. Weiser had been a veteran company executive, certified public accountant, and governance leader. McKnight had been a real estate investor and operating executive. More on 374Water 374Water regains compliance with NASDAQ listing requirement Seeking Alpha’s Quant Rating on 374Water Financial information for 374Water
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up . Ukraine “never chose this war,” President Volodymyr Zelenskiy told the European Parliament in a video address today, as he urged his nation’s allies to remain as “determined and strong” as when Russia’s full-scale invasion began. The ...
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up . Ukraine “never chose this war,” President Volodymyr Zelenskiy told the European Parliament in a video address today, as he urged his nation’s allies to remain as “determined and strong” as when Russia’s full-scale invasion began. The intervention was one of a series of statements by Zelenskiy and other leaders as Ukraine marks four years since it was attacked by its eastern neighbor. European Commission chief Ursula von der Leyen and European Council President Antonio Costa are in Kyiv in a show of solidarity, where they are taking part in another meeting of the “Coalition of the Willing.” But for all the talk of the EU’s undiminished support, they’re arriving empty-handed. Hungary continues to block a 20th sanctions package targeting the Kremlin and the €90 billion ($106 billion) loan to Ukraine that was announced with much fanfare at a December summit. EU Foreign Affairs chief Kaja Kallas told us this morning that officials were working with both Hungary and Slovakia to ensure they lift their vetoes. She also floated returning to the idea of giving Kyiv a loan backed by immobilized Russian central-bank assets if the current plan remains blocked, though there has been little substantive discussion on this. The four-year anniversary has reinforced a growing realization that President Donald Trump’s efforts to broker peace are stalling. Allies say the US is pushing for a deal before Trump hosts the 250th anniversary celebrations of American independence on July 4. According to senior European and NATO officials, however, there’s no indication that Russian President Vladimir Putin is ready to reach an agreement that doesn’t grant his central demands. Speaking in Brussels this morning, NATO Secretary General Mark Rutte said that “Putin must show if he is serious about peace.” He also said it’s imperative t...