The National Gallery’s latest financial woes have brought the possibility of charging visitors back into the frame For a quarter of a century, visitors to the UK’s national museums and galleries have enjoyed universal free entry to see permanent collections. The policy, introduced by the New Labour government in 2001, has been widely credited with improving access to culture and significantly increasing footfall to some of the country’s best-known attractions. Continue reading...

A picture is emerging of one of the worst avalanche disasters in US history, and the women among a tight-knit group of friends who died The ringing of a phone echoed through the Nevada county, California, sheriff’s office just before noon on 17 February. The 911 call brought devastating news: an avalanche had occurred on nearby Castle Peak – a 9,110ft (2,780-meter) mountain north of the Donner summit in the Lake Tahoe area. A group of backcountry skiers had been on the mountainside, returning home from a three-day expedition, during a heavy winter storm. While six had survived, more than half their group was missing. Continue reading...

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It wouldn’t have seemed possible a year ago. But Bitcoin has gotten caught in one of its deepest struggles yet, with no obvious way out. The world’s largest cryptocurrency has plunged more than 40% from its peak, and the usual playbook isn’t working — dip buyers have vanished, and the forces that would normally fuel a rebound are now working against it. Gold is winning the macro-hedge argument. Stablecoins are winning payments. Prediction markets are winning speculation. The strange part: none of this is happening because the system failed Bitcoin. Washington has never been more accommodating. Institutional adoption has never been deeper. Wall Street has never been more bought in. Bitcoin got everything it wanted — and it wasn’t enough. That means the defining struggle of this crypto era isn’t about price. It’s about purpose. And this selloff is forcing a question Bitcoin hasn’t needed to answer when prices were rising: if it isn’t the best hedge, the best payment rail or the best speculation — what, exactly, is it for? “The central story of Bitcoin was ‘number go up’ and we don’t have that anymore,” said Owen Lamont , portfolio manager at Acadian Asset Management. “We have number go down. That is not a good story.” The Narrative Problem Unlike stocks or commodities , Bitcoin lacks fundamentals. Its value rests almost entirely on belief — on the strength of narratives that persuade new buyers to join. Those stories are faltering. Retail traders who bought into the Trump-fueled rally are now deeply underwater . “New speculative venues such as prediction markets — and commodities exchanges! — are siphoning away attention from crypto markets,” said Noelle Acheson , author of Crypto is Macro Now newsletter. “Now that BTC is a ‘macro asset,’ it has to compete with so many other alternatives, most of which are easier to understand and easier to explain to trustees, clients, your board, etc.” The Defections A clear signal came in November. Jack Dorsey — long one of Bitcoin...

In the heart of beautiful Brevard County, Florida is the city of Palm Bay. It may not be as famous as the two cities it sits midway between -- Jacksonville and Miami -- but it's a gem. It's also the ideal spot for a mild climate, nearby beaches and parks, no state income tax, and a wide range of housing options. Perhaps it's natural that Brevard, the county that surrounds Palm Bay, made The Motley Fool's " The 50 Best Places to Retire in the U.S. in 2026 ." If you're intrigued, here's more of what you'll find in Palm Bay. Continue reading

Jean-Luc Ichard/iStock Editorial via Getty Images Microsoft ( MSFT ) has appointed company insider Asha Sharma as executive vice president and CEO of its gaming division to replace Phil Spencer, who is retiring after a 38-year stint at the software maker. Sharma, who most recently led product development for AI models and services at Microsoft ( MSFT ), will report to CEO Satya Nadella as part of a wider leadership shakeup at the unit, the company said on Friday. The Xbox maker announced that Matt Booty, who previously served as president of its game content and studios, will become executive vice president and chief content officer, reporting to Asha. Meanwhile, Sarah Bond, president and chief operating officer at Xbox, has decided to exit Microsoft ( MSFT ) "to begin a new chapter," according to the company. “Today marks an exciting new chapter for Microsoft Gaming as Asha Sharma steps into the role of CEO, and I want to be the first to welcome her to this incredible team,” said Spencer, who led the gaming unit for 12 years. He is expected to serve Microsoft in an advisory capacity through the summer to ensure a smooth transition. "Last year, Phil Spencer made the decision to retire from the company, and since then, we've been talking about succession planning," Nadella said. “Together, Asha and Matt have the right combination of consumer product leadership and gaming depth to push our platform innovation and content pipeline forward.” More on Microsoft Microsoft: Why I Set A $370 Buy Order Microsoft's Plunge Is A Gift Microsoft: This AI Selloff Could Be The Buying Opportunity Investors Miss OpenAI adjusts spending expectations: CNBC Microsoft in focus as Citi reiterates Buy on Copilot momentum, Azure strength

Jean-Luc Ichard/iStock Editorial via Getty Images Microsoft ( MSFT ) has appointed company insider Asha Sharma as executive vice president and CEO of its gaming division to replace Phil Spencer, who is retiring after a 38-year stint at the software maker. Sharma, who most recently led product development for AI models and services at Microsoft ( MSFT ), will report to CEO Satya Nadella as part of a wider leadership shakeup at the unit, the company said on Friday. The Xbox maker announced that Matt Booty, who previously served as president of its game content and studios, will become executive vice president and chief content officer, reporting to Asha. Meanwhile, Sarah Bond, president and chief operating officer at Xbox, has decided to exit Microsoft ( MSFT ) "to begin a new chapter," according to the company. “Today marks an exciting new chapter for Microsoft Gaming as Asha Sharma steps into the role of CEO, and I want to be the first to welcome her to this incredible team,” said Spencer, who led the gaming unit for 12 years. He is expected to serve Microsoft in an advisory capacity through the summer to ensure a smooth transition. "Last year, Phil Spencer made the decision to retire from the company, and since then, we've been talking about succession planning," Nadella said. “Together, Asha and Matt have the right combination of consumer product leadership and gaming depth to push our platform innovation and content pipeline forward.” More on Microsoft Microsoft: Why I Set A $370 Buy Order Microsoft's Plunge Is A Gift Microsoft: This AI Selloff Could Be The Buying Opportunity Investors Miss OpenAI adjusts spending expectations: CNBC Microsoft in focus as Citi reiterates Buy on Copilot momentum, Azure strength

Some homeowners displaced by the deadly Tai Po blaze were disappointed by Hong Kong authorities’ decision to buy back their flats instead of resettling them at the original site, even as the acquisition offer was described by surveyors as “generous”. Deputy Financial Secretary Michael Wong Wai-lun unveiled the long-term resettlement plan on Saturday, offering options to buy back the flats at HK$8,000 or HK$10,500 (US$1,023 or US$1,343) per square foot. Homeowners could also opt for...

Even as stocks broadly rose this week, investors disproportionately piled into names such as Deere and Quanta Services . The major averages rose this week after the Supreme Court struck down President Donald Trump's emergency tariffs. The ensuing relief rally lifted stocks during Friday's trading session after the release of disappointing economic data earlier in the day. CNBC Pro used its stock screener tool to identify stocks that could be heading for a decline or a bounce based on their 14-day relative strength index reading, or RSI. Stocks with a 14-day RSI above 70 are considered overbought, meaning that a pullback could be on the horizon. On the other hand, a reading below 30 indicates that a stock is oversold and may soon be due for a potential rebound. The following table lists overbought stocks: One name that made the list was agricultural machinery manufacturer Deere, with an RSI of 78. Shares were up almost 10% on the week. The stock rose nearly 12% alone on Thursday after Deere posted raised its full-year net income guidance. The company also reported fiscal first-quarter earnings and revenue beats. Following the company's quarterly report, Morgan Stanley reiterated its overweight rating on the stock. Analyst Angel Castillo's $560 price target implies a downside of 15%. "We expect a positive stock reaction to a solid beat and raise, although ultimate performance will cue off commentary on NA Large Ag trends," Castillo wrote. Meanwhile, Jefferies' Stephen Volkmann stood by his hold rating and $475 price target, implying that shares could fall 28% from here. Another most overbought name this week was infrastructure services provider Quanta Services, up more than 5% on the week. The stock's RSI sits at 73. Still, investors stood by their bullishness on the name following its fourth-quarter earnings beat. Quanta Services also guided for full-year earnings that surpassed analysts' expectations, according to FactSet. On Friday, Bank of America analyst Sherif E...

Precrime: Months Before Massacre, OpenAI Worried About Canada's Trans Mass Killer Months before a Canadian man in a dress went on a Feb 10 rampage, killing his mother and half-brother at home before slaughtering five students and an education assistant at a secondary school where he was formerly a student, employees at OpenAI were deeply troubled by his interactions with the firm's ChatGPT AI chatbot . As first reported by the Wall Street Journal , Jesse Van Rootselaar's ChatGPT activity was flagged by the company's automated review system. When employees took a look at what he'd been up to over a several-day period in June 2025, they were alarmed. About a dozen of them debated what they should do. OpenAI employees were sufficiently alarmed by future mass murderer Jesse Van Rootselaar's interactions with ChatGPT that they urged managers to call the police Some were convinced Van Rootselaar's descriptions of gun-violence scenarios signaled a substantial risk of real-world bloodshed, and implored their supervisors to notify police, according to the Journal's unnamed sources. They opted against doing so, and a spokeswoman now says they'd concluded Van Rootselaar's posts didn't cross the threshold of posing a credible and imminent risk of serious harm. Instead, the company decided only to ban his account. About seven months after his disturbing series of interactions with ChatGPT, police say he killed 8 people and injured 25 more before killing himself in the school he'd attended earlier. Van Rootselaar's social media and YouTube accounts contained transgender symbolism as well as the online name "JessJessUwU" (a meme phrase that people may recognize from the bullet casings tied to the gay suspect charged in the assassination of Charlie Kirk). Van Rootselaar at a gun range: He captioned this social media post "I blew up their desert eagle!" Only after the bloody horror unfolded did OpenAI contact the Royal Canadian Mounted Police. The situation highlights the difficult ...

欧洲央行管委Fabio Panetta表示，美国经济承担了总统唐纳德·特朗普所征关税的大部分负担。 “外国出口商似乎承担了其中一部分，估计约为10%，”他周六在威尼斯表示。“最初，影响由美国企业利润率吸收，随后部分转嫁给消费者，现在消费者承担了约一半。” “总体而言，预计关税对通胀的影响略高于0.5个百分点，而通胀仍高于美联储的目标水平，”Panetta表示。 Panetta还指出，关税导致了贸易流动的重大地域重构。 Panetta表示：“当今世界高度相互依存—没有任何国家能够通过自我孤立而长期繁荣。” 责任编辑：何云

明天（2月22日），沙尘气团将影响长三角地区，根据最新空气质量预报，上海明天中午前后将出现短时中度及以上污染过程，首要污染物为PM10。上海市环境监测中心预报员表示，今天（2月21日）我国西北地区出现大范围沙尘天气，多地出现重度至严重水平的空气污染过程。2月22日凌晨起，沙尘气团开始影响长三角地区。沙尘污染期间，建议广大市民减少外出，避免暴露，如需外出请做好个人防护措施；特殊人群（如儿童、老人、孕妇、慢性病患者）应避免户外活动，易感人群需特别注意防护。根据空气质量预报，2月23日凌晨，上海主导风向转为东北风，沙尘气团逐渐过境，中午前后沙尘影响基本结束，空气质量好转为优良。（财联社）

Getty Images In my fifth data update , I examined hurdle rates in 2025, and in my sixth data update , I looked at the profitability and return metrics for firms. Both hurdle rates and profitability metrics can be affected by how much debt companies choose to have in their financing structure, and it enters explicitly into my cost of capital calculations, both through the costs of equity/debt and the mix of the two, and into my accounting return calculations for net margin and return on equity. In this session, I start with an examination of the trade-off that all businesses face when it comes to choosing between debt and equity to fund their operations and then look at the debt choices that companies made in 2025. As with every other one of my data updates this year, AI enters this conversation not only because of the huge investments that are being made into AI architecture, but also because a non-trivial portion of this investment is coming from debt, with private credit as a key contributor. Debt versus Equity: Choices and Trade-off The discussion of the trade-offs that businesses face on whether to borrow money (debt) or use owner's funds (equity) has to start with a clear distinction between what it is that sets them apart. While that distinction may seem trivial, since accountants do break financing down into debt and equity on accounting balance sheets, accountants are not always consistent in their categorization, and I think that understanding what sets debt apart from equity can help catch these inconsistencies. There are three dimensions where debt and equity deviate: Nature of claim : Debt gives its holders a contractual claim on the cash flows , insofar as the terms of interest and principal payments are laid down contractually at the time of the borrowing. Note that these contractual claims cover both fixed-rate debt, where the interest payments are fixed over the lifetime of the debt, and floating-rate debt, where the interest payments will change ove...

Key PointsAmazon will spend $200 billion in capital expenditures this year to keep pace in AI.

Germany’s ruling conservatives on Saturday passed ⁠a motion to ban social media use for under 14s and introduce more stringent digital verification checks for teenagers, building momentum for such limits in Germany and elsewhere in Europe. At a party conference in the city of Stuttgart, Chancellor Friedrich Merz’s Christian Democratic Union also called for fines for online platforms that failed to enforce such limits and European ‌Union-wide harmonisation of age standards. A growing number of...

格隆汇2月21日｜据央视，叙利亚民航总局当地时间21日宣布，为落实叙过渡政府与“叙利亚民主力量”达成的相关协议，叙民航总局当天已正式接过哈塞克省卡米什利机场的管理工作。叙民航总局局长奥马尔·霍萨里在社交平台表示，此次卡米什利机场管理权的移交，是推动全国机场统一纳入国家管理体系的重要一步。他同时表示，代尔祖尔机场的修缮工作目前也在加快推进。

FatCamera/E+ via Getty Images Gold stocks have continued to work. Yes, the iShares MSCI Global Gold Miners ETF ( RING ) is well off its January peak, but the precious-metals equity fund is close to fresh multi-week rebound highs ahead of a potential U.S. strike on Iran . RING and gold (the metal) have returned about the same year-to-date, which bucks the general trend of higher gold beta with gold miners. Today, I am reiterating a buy rating on RING. Despite the 163% YoY return, the fund appears solid on valuation, but the technical all-time high notched earlier this year remains a line in the sand for the RING bulls to cross. RING Near Fresh Rebound Highs, Outperforming GLD, SPY, VEU YoY Stockcharts.com Gold Leading the YTD Asset Quilt for a Third Year BofA Global Research Gold's Best Start to a Year Since 1974 TradingView Gold Has a 8.9% CAGR Since the Early 1970s Portfolio Visualizer Central Bank Buying Has Cooled Amid High Gold Volatility Goldman Sachs Gold Realized Volatility Has Soared HedgeEye Heavy Retail Gold Buying JPMAM According to the issuer , RING seeks to track the investment results of an index composed of global equities of companies primarily engaged in gold mining. The ETF offers investors exposure to companies that derive the majority of their revenues from gold mining and gives targeted access to global gold mining stocks. RING can be used to diversify a portfolio and to express a global sector view. RING is a medium-sized ETF, now with $3.7 billion in assets under management as of February 19, 2026. That’s up from just $1.1 billion at the time of my previous analysis a year ago . Shares have returned 157%, outperforming the S&P 500 by about 145 percentage points. RING’s annual expense ratio is moderate at 39 basis points, while the trailing 12-month dividend yield is low at only 0.68%. Share-price momentum is stellar, earning the product a pristine A+ ETF Grade in that category by Seeking Alpha’s quantitative scoring system. Ranked No. 4 out of...

Bank of America recently named five stocks the firm says should be in every portfolio. The bank says investors should buy companies such as Live Nation , that are best positioned to deliver shareholder returns. Other buy-rated names screened by CNBC Pro include: Waystar, Barclays, Medline and Evercore. Evercore The capital markets "momentum" rolls on for the investment bank. Evercore recently reported a strong top and bottom line beat in its latest quarterly earnings report, and analyst Ebrahim Poonawala said the stock remains a top idea at Bank of America. "EVR's exposure to large-cap M & A and growth in non-M & A advisory revenues should not only support EPS growth, but also provide some EPS defensibility, " he wrote, referring to mergers and acquisitions and earnings per share. Poonawala also said Evercore is well positioned in the market for initial public offerings. "We view Evercore in a category of one among the boutique investment banks," he went on to say. Shares are up 11% over the last 3 months. Live Nation The concert and entertainment company is firing on all cylinders, according to Bank of America. A team led by analyst Peter Henderson said in a recent note that Live Nation is best positioned for growth thanks to robust demand. "As a global leader in live entertainment, we view Live Nation as a multi-year growth story underpinned by solid company fundamentals and several live entertainment tailwinds," the report said. The bank admitted that regulatory action is an overhang but said the stock remains too compelling to ignore. "Live Nation remains well positioned to capture sustained growth in live entertainment demand over the medium to long term, while still healthy consumer sentiment and spending trends support a solid near-term outlook," the analysts went on to say. Shares are up 16% over the past month. Medline Shares of the surgical products company have plenty more room to run, the bank said. Analyst Andrew Obin recently initiated coverage of the ...

Welcome to the weekend, folks! The Reviews and Guides team here at The Verge is gearing up for all things Unpacked , but Samsung isn’t the only one readying new phones. Google just announced the Pixel 10A, which, for you early adopters, is already up for preorder with a $100 gift card. Elsewhere in deal land, you’ll find steep discounts on mopping vacuums , slight discounts on Soundcore’s cheap ANC headphones , and a rare discount on a new PC controller with swiveling sticks. So, let’s get to it, shall we? We finally have a release date for the Pixel 10A : March 5th. What’s more, if you’re thinking about picking up Google’s latest phone, you can already preorder the base-model configuration at Amazon and Best Buy with 128GB of storage and a $100 gift card for $499. Alternatively, Amazon is offering it with a free pair of the Pixel Buds 2A , a fantastic set of recently released earbuds that typically retail for $130. Despite being a pretty minimal update, Google’s forthcoming Android handset is a pretty solid deal. It doesn’t adopt a lot of features from the flagship Pixel 10 series; however, last year’s Tensor G4 chip is still speedy enough for most tasks, satellite SOS is handy, and you get slightly faster wired and wireless charging. More importantly, it still comes with seven years of OS and security updates, which, personally, I’d take over Magic Cue, Pixel Screenshots, and other AI-based tools any day of the week. Read our hands-on impressions . Google Pixel 10A Where to Buy: $599 $499 at Amazon (free $100 gift card) $629 $499 at Amazon (free Pixel Buds 2A) $599 $499 at Best Buy (free $100 gift card) Twelve. That’s how many AC outlets Anker’s 351 Power Strip — which is now available in black or white from Amazon and Anker for $23.99 ($6 off) — packs into its 9.65-inch, surge-protected build. The beefy power strip also features a 20W USB-C port and two USB-A ports, both of which can deliver up to 15W of juice. Just keep in mind that, like with most power strips ...

I am not a scientist or a medical doctor, so I'm a bit leery of buying healthcare stocks. I've actually outsourced this task to BlackRock Health Sciences Trust (NYSE: BME) , a high-yield closed-end fund that uses a covered-call strategy. But there's one healthcare stock that was attractive enough for me to buy on my own: Medtronic (NYSE: MDT) . Here's why, and why I'm planning to pass it on to my heirs eventually. Medtronic is one of the world's largest medical device companies . It has a diversified portfolio, operating across the cardiovascular, neuroscience, and medical-surgical spaces. It also has a material diabetes business, but that's about to be spun off as Medtronic refocuses on its highest-profit, fastest-growing operations. The key, for me, is that Medtronic isn't a one-trick pony even when you take the spinoff into consideration. Continue reading

U.S. President Donald Trump gestures as he speaks during a press briefing at the White House, following the Supreme Court's ruling that Trump had exceeded his authority when he imposed tariffs, in Washington, D.C., U.S., January 20, 2026. Kevin Lamarque | Reuters The Supreme Court's decision Friday to throw out a large number of tariffs that President Donald Trump imposed on imports was widely expected. What's far less certain is the longer-run impacts as the economy and markets again adjust to a changed landscape. Trump and other White House officials have promised to employ other authorities to implement the tariffs, with the president already announcing a 10% levy under a section of the Trade Act of 1974. However, other questions remain: What will be the impact on prices? Will companies that paid the tariffs covered in the high court's decision seek refunds? How will the Federal Reserve react? Here are five takeaways from the ruling and the associated fallout. 1. The economic impact In a word, the macro reverberations are expected to be limited, especially pending Trump's next moves and what happens with the refunds issue. RSM chief economist Joseph Brusuelas characterized the likely economic fallout as "narrow," though there are "enormous potential winners from this ruling," particularly in the tariff-sensitive retail and manufacturing sectors. Growth slowed substantially in the fourth quarter, with GDP accelerating at just a 1.4% annualized rate . But that was largely due to the government shutdown, with faster growth likely in the first quarter of 2026. "Fiscal conditions already point to a sizable positive impulse in 2026, driven by the One Big Beautiful Bill Act and an easing monetary policy backdrop," said Jason Pride, chief of investment strategy and research at Glenmede. "The tariff ruling may incrementally enhance this stimulus, reinforcing expectations for above-trend economic growth." Pride warned that there could be a temporary drag on exports if comp...

The stock market will wrestle with the impact of Friday's SCOTUS tariffs ruling. Nvidia, Apple, Strategy and Iran will all be in focus.

This Brazilian investment management company looks like a potentially attractive holding, but challenges remain.

Key PointsBrazilian brokerage XP has grown its customer base to nearly 5 million, and aims to be a one-stop shop for financial solutions.

Key PointsYou can build a lot of retirement wealth investing in the S&P 500.

智谱2月21日发布GLM Coding Plan致歉信，并公布处理和补偿方案。智谱称，这次改版主要犯了三个错：规则透明度不够、GLM-5灰度节奏太慢、老用户升级机制设计粗糙。智谱介绍，GLM-5发布后，流量超出预期，公司扩容节奏没有跟上，不得以将GLM-5按照Max、Pro、Lite的顺序逐步开放。目前Max用户已经全面开放，Pro用户虽已开放，但高峰期可能会因集群负载较高遇到限流，Lite用户将会在节后非高峰期逐步灰度开放。针对受到影响的Lite和Pro用户，公司支持自主申请退款。（财联社）

In this article BRK.B BRK.A Follow your favorite stocks CREATE FREE ACCOUNT (This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Berkshire was a net seller of stocks in Buffett's final quarter as CEO During Warren Buffett's last quarter as CEO, Berkshire Hathaway sold more equities than it bought, continuing to whittle away at its big Apple and Bank of America stakes and slashing its already modest Amazon.com holding. Berkshire significantly increased its stakes in Chevron and Chubb in the three months ending December 31 and added a small position in shares of The New York Times Company , six years after selling its dozens of newspaper holdings . Zoom In Icon Arrows pointing outwards Berkshire has sold Apple shares in each of the last three quarters and in seven of the past nine three-month periods, reducing its shares by a bit more than 75% since the summer of 2023. Even so, Apple remains Berkshire's biggest equity stake with a value of $60.3 billion based on Friday's close. The Apple sales, however, have helped #2 American Express close the gap from almost $150 billion to just under $8 billion. Zoom In Icon Arrows pointing outwards It's six straight quarters of sales for Bank of America, reducing that stake's shares by 75% since the middle of 2024. Zoom In Icon Arrows pointing outwards Berkshire's Amazon.com stake was valued at $2.2 billion at the end of the third quarter. It's now down to $478 million after the sale of 7.7 million shares during the fourth quarter, a cut of 77%. In 2019, when Amazon first appeared in Berkshire's portfolio with an $860 million position, Buffett went out of his way to tell CNBC's Becky Quick it wasn't his decision , he didn't think it was a significant holding, and no big "personality change" had reversed his traditional aversion to tech stocks. Barron's suggests it was portfolio manager Todd Combs ...

Boris_Zec/E+ via Getty Images Amid sharp market volatility this year, I continue to encourage investors to keep our heads down and focus on fundamentals over the fear that is gripping the markets. While the S&P 500 is still clinging near all-time highs, investors are ducking for safety and selling out of tech stocks, due to growing fear that AI may pose a net headwind rather than an upside catalyst, Amid continued pessimism, small caps continue to provide tremendous value, and Talkspace ( TALK ) is a stock that is substantially overlooked. While many tech stocks have collapsed over the past few months, Talkspace has surged, with a recent strong Q4 earnings print sending the stock up more than 25% and bringing gains over the past year to more than 50%. In my view, this trend of outperformance is set to continue. Data by YCharts I last wrote a buy opinion on Talkspace in November, when the stock was hovering just above $3 per share. Since then, Talkspace has delivered accelerated revenue, while also offering investors a relatively macro-immune business (since most of the sessions on Talkspace’s platform are now covered by insurers and employers) with low correlation to the broader S&P 500. In my view, the stock market is just beginning to wake up to Talkspace’s merits, while its low valuation still has plenty of room to climb higher. I’m reiterating my buy rating here. Since a cheap valuation continues to be the primary reason to invest in this stock, let’s open the discussion with a check-in on how the stock’s recent rally stacks up against its latest outlook for 2026. At current post-earnings share prices near $5, Talkspace trades at a market cap of $835.7 million. After netting off the $92.6 million of cash against zero debt on the company’s most recent balance sheet, Talkspace’s resulting enterprise value is $743.1 million. For FY26, Talkspace is guiding to $275-290 million in revenue, or 20-27% y/y growth. The company is expecting continued strength in payor addi...