格隆汇2月19日｜新西兰联储主席布雷曼：工资增长温和，我们确实存在闲置产能。

Earnings Call Insights: Amrize AG (AMRZ) Q4 2025 Management View CEO Jan Jenisch highlighted that "2025 was a very important year for Amrize as we did our successful spin-off and launch in June of the company," emphasizing a focus on North American operations and customer delivery. For the full year, Amrize increased revenues by 0.9% to $11.8 billion with $3 billion in adjusted EBITDA and generated $1.5 billion in cash flow. The company completed the year with a net leverage ratio of 1.1x and invested $788 million to expand production and improve efficiencies. Jenisch announced a strategic acquisition: "we were excited to announce our agreement to acquire PB Materials, the aggregates leader in West Texas, significantly expanding our position in this high-growth region." This acquisition is expected to add over $180 million in annual revenue and 26 operational sites. The deal is anticipated to close in Q1 2026. The Board has approved a $1 billion share repurchase program and is proposing a special onetime dividend of $0.44 per share, as well as an annual ordinary dividend of $0.44 per share to be paid in quarterly installments, both subject to shareholder approval. Jenisch outlined a robust project pipeline, noting expansion of the Ste. Gen. cement plant and planned investments in Texas, Alberta, and Quebec. He also spotlighted the ASPIRE cost-savings program, targeting $250 million in synergies by 2028 and a 70 basis point margin expansion in 2026. CFO Ian Johnston stated, "Revenues were approximately $2.2 billion in the quarter, an increase of 3.9%, driven primarily by higher volumes across both our cement and aggregates businesses, combined with continued aggregates pricing growth." Outlook Jenisch stated, "we have set our 2026 guidance, reflecting accelerating customer demand and profitable growth. This includes 4% to 6% growth in revenues and 8% to 11% growth in adjusted EBITDA." Both targets include the PB Materials acquisition. Cement pricing is expected to in...

Earnings Call Insights: Devon Energy Corporation (DVN) Q4 2025 Management View Clay Gaspar, President and CEO, highlighted the recently announced merger with Coterra Energy, stating this creates "a clear path to superior value creation that neither company could achieve independently" and forms a "world-class position in the Delaware Basin, which will generate more than half of our total production and cash flow, backed by a decade-plus of top-tier inventory." Gaspar underscored that "we expect to deliver $1 billion in annual pretax run rate synergies by year-end '27," describing these as incremental to existing business optimization targets. He also emphasized plans for "accelerated capital returns to shareholders through higher dividends and expect a significant new share repurchase authorization." Gaspar noted that for Q4, the company "beat on production, operating cost and capital results in an impressive free cash flow for Q4" and achieved $700 million in free cash flow, driven by well performance and cost efficiencies. He stated, "Our production optimization efforts drove oil above the top end of the guide, fueled by strong new well performance and outstanding base production management." Gaspar reported a 193% reserve replacement rate at an F&D cost of just over $6 per BOE for the year. On business optimization, Gaspar said, "In less than a year, we have captured 85% of our $1 billion target, and we are firmly on track to achieve the remaining savings during 2026." The CEO also announced Devon’s increased investment in Fervo Energy, raising its stake to approximately 15% in the geothermal energy company. Jeffrey Ritenour, Executive VP & CFO, stated, "In 2025, we generated $3.1 billion in free cash flow, demonstrating the strength of our asset base and the effectiveness of our operational execution. This robust free cash flow enabled us to return $2.2 billion to shareholders through dividends, share buybacks and debt retirement." Ritenour added, "We increased ...

In afternoon trading on Wednesday, Energy stocks are the best performing sector, up 1.4%. Within that group, APA Corp (Symbol: APA) and Exxon Mobil Corp (Symbol: XOM) are two of the day's stand-outs, showing a gain of 5.3% and 3.0%, respectively. Among energy ETFs, one ETF foll

The worst performing sector as of midday Wednesday is the Utilities sector, showing a 1.4% loss. Within that group, NiSource Inc. (Symbol: NI) and Public Service Enterprise Group Inc (Symbol: PEG) are two large stocks that are lagging, showing a loss of 2.7% and 2.5%, respective

格隆汇2月19日｜美联储会议纪要显示，在美联储1月份会议上，负责美联储金融市场操作的经理罗伯托·佩尔利指出，在会议召开前的几天里，有报道称纽约联储的交易部门对美元兑日元汇率进行了“汇率检查”，此后美元显著贬值。佩尔利指出，此次询价是纽约联储作为美国财政部财务代理人，完全代表财政部开展的操作。会议纪要公布后，美元兑日元USD/JPY稍早一度短线急跌超40点，最低下探154.33。

Is Taiwan Semiconductor Stock (TSM) a Good Buy in 2026? TipRanks

Billionaire fund manager David Tepper just made a massive $285 million bet on Micron (MU) stock, doubling down on the AI memory boom. Tepper’s hedge fund Appaloosa just disclosed a head-turning bet on Micron, turning the memory giant into one of the fund’s biggest holdings. That position now ...

Berkshire Exit Puts Amazon AI Spending And Regulatory Risks In Focus simplywall.st

Amazon emerged as the clear Magnificent Seven favorite among major hedge funds at the end of last year, right before the stock went on to slide 10% in about the first six weeks of the new year. Leading institutional investors, from Bill Ackman of Pershing Square Capital to Stanley Druckenmiller of Duquesne Family Office to Seth Klarman of Baupost Group, bought a net 40.9 million shares in the cloud provider in the fourth quarter, according to a CNBC analysis of data from Verity. Indeed, hedge funds now own 2.5% of Amazon shares outstanding, far more than they do any other Mag 7 company, the data showed. Here is how some of those hedge funds are positioned. Klarman took a new position in Amazon amounting to $490 million. That means the megacap is now the Baupost's second-largest holding. Ackman raised his stake by 65% to a $2.2 billion holding. That makes the tech stock Pershing's third-largest holding. Druckenmiller increased his position by more than 800% to $106.8 million, making Amazon the fund's fourth-largest position. But their bets have yet to pay off. Shares of Amazon are now more than 20% off their November high — having entered a bear market just last week. Other hedge funds, including Tiger Global, Appaloosa Management and Third Point, were among those that actually lowered their exposure to Amazon in the fourth quarter. Amazon is one of the "big three" hyperscalers — alongside Alphabet and Microsoft — that investors expect will see huge revenue growth from growing AI adoption. Yet high valuations, as well as massive capital expenditures plans, have weighed on the companies lately. Those worries came to a head after Amazon's latest earnings result. On Friday, Feb. 6, the stock dropped 5.6% after saying it would lift 2026 spending to $200 billion, much higher than the $146.6 billion analysts were expecting. Yet Amazon remains loved on the Street . Many analysts said the company's cloud computing business already appears to be paying off, citing the $35.58 ...

【有線新聞】美國加州北部山區雪崩，當局已尋回八名失蹤者的遺體，仍有一人失蹤相信已死亡。 涉事的山區有暴風雪，雪崩中心已發布雪崩高風險預警。加州內華達縣警方指，越野滑雪團隊一行15人包括四名領隊，原定在內華達山脈卡斯爾峰進行為期三天的野外滑雪之旅，周二遇上面積相當於一個足球場大小的雪崩。當局形容能見度低降雪量大，令救援工作進展緩慢，暫時有六名成員獲救，另外找到八具遺體，仍然有一人失蹤相信已經遇難。

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today

Best AI Stocks to Buy Now and Hold Forever: Nvidia-Beating Vertiv Zacks Investment Research

WTI原油期货涨幅扩大至5%，突破65美元。

Apple Inc. (NASDAQ:AAPL) is the odd one out in Big Tech’s AI spending race. While the rest of the Magnificent 7 are collectively committing around $700 billion in capital expenditure (capex) over the next year, Apple cut its own spending 19% year-over-year last quarter to $2.37 billion. The chart, published by A16Z, captures the gap visually. Since 2014, Apple’s quarterly capex line has barely moved. Every other Big Tech line has turned parabolic. Don't Miss: This AI Helps Fortune 1000 Brands Av

Oklahoma Governor Declares State Of Emergency As Fast-Moving Wildfires Scorch The Panhandle Oklahoma Governor Kevin Stitt declared a State of Emergency as a massive wildfire spread across the panhandle region of the state and crossed into Kansas. The Ranger Road Fire has burned 145,000 acres and is one of four wildfires raging in the northwest region of the state. In total, the fires have scorched about 156,000 acres. Latest from the Oklahoma Department of Agriculture: Ranger Road Fire: 145,000 acres, 0% contained Stevens Fire: 5,500 acres Side Road Fire: 3,300 acres, 25% contained 43 Fire: 2,200 acres, 20% contained The Oklahoma Department of Agriculture shared this update on wildfires: Ranger Road Fire: 145,000 acres, 0% contained Stevens Fire: 5,500 acres, 25% contained Side Road Fire: 3,300 acres, 25% contained 43 Fire: 2,200 acres, 20% contained 🎥Tammy Lawrence Follow our live blog:… pic.twitter.com/9ywZAQ8BZa — KSN News Wichita (@KSNNews) February 18, 2026 "I've declared a State of Emergency in Beaver, Texas, and Woodward counties as wildfires continue to impact parts of Oklahoma," Stitt wrote on X. I’ve declared a State of Emergency in Beaver, Texas, and Woodward counties as wildfires continue to impact parts of Oklahoma. Please join me in continuing to support and pray for these affected communities, families, farmers, as well as our first responders who are working… — Governor Kevin Stitt (@GovStitt) February 18, 2026 Storm chaser Jaden Pappenheim published a drone video showing a large swath of charred land in the aftermath of the Ranger Road Fire in Beaver County. HEARTBREAKING First Light of the Ranger Road Fire aftermath across Beaver County, Oklahoma, this morning. The Ranger Road Fire has burned approximately 145,000 acres, injured four firefighters, and destroyed a few homes. Please keep everyone impacted by yesterday’s fires in your… pic.twitter.com/qPMkVkFpjB — Jaden Pappenheim (@PappenheimWx) February 18, 2026 More than 5 million people were under...

This week, Apple released the first developer betas for iOS 26.4, iPadOS 26.4, macOS 26.4, and its other operating systems. On Tuesday, it followed those up with public beta versions of the same updates. Usually released around the midpoint between one major iOS release and the next, the *.4 updates to its operating system usually include a significant batch of new features and other refinements, and if the first beta is any indication, this year's releases uphold that tradition. A new "Playlist Playground" feature will let Apple Music subscribers generate playlists with text prompts, and native support for video podcasts is coming to the Podcasts app. The Creator Studio version of the Freeform drawing and collaboration app is also available in the 26.4 updates, allowing subscribers to access stock images from Apple's Content Hub and to insert AI-generated images. Read full article Comments

白宫新闻秘书卡罗琳·莱维特表示，伊朗若与总统特朗普达成协议，将是明智之举。 莱维特在白宫向记者通报情况。 莱维特表示，有“许多理由”和论据支持对伊朗发动打击，但她补充称，外交仍是特朗普总统的首选。 责任编辑：丁文武

Abstract Aerial Art/DigitalVision via Getty Images Past Coverage And Investment Thesis: Nvidia Corporation ( NVDA ) has been more or less consolidating since I last covered the stock in late November, up only 2.4%, and underperforming the market, with the S&P 500 ( SP500 ) up around 4.6% during the same period. Seeking Alpha Even prior to my post-earnings Buy, my hold call pre-earnings on November 17th also shows the same pattern, with the stock down around 0.8% since, underperforming the S&P 500, which is up 2.5% during the same period. The stock is also up around 1.8% since my late August buy, also underperforming the S&P 500, up 5.5% during the same period. You get the gist. Seeking Alpha While the stock didn’t exactly go out of the market’s favor per se, investors are standing on the sidelines, especially as fears of an AI bubble reenter the conversation. Just look at the MAG 7 performance year-to-date. Seeking Alpha While Nvidia is down 0.8%, Apple ( AAPL ) is down another 2.9%, Meta ( META ) is down 3.1%, Google ( GOOG ) is down 3.5%, Tesla ( TSLA ) is down 8.6%, Amazon ( AMZN ) is down another 12.8%, and lastly, Microsoft ( MSFT ) is down 17.9%. Nvidia stock isn't underperforming because the business is underperforming; quite the opposite. The stock is underperforming in sympathy with the rest, and because the market is demanding proof of monetization from its customers (Microsoft, Amazon, etc.) before it allows Nvidia to move to the next leg. If Nvidia shows that Blackwell demand is not just strong but also supply-constrained through the end of 2026, this consolidation will likely resolve to the upside. But if the AI bubble narrative gains more steam, specifically as China continues to spend a fraction of the U.S.’s spend, while also coming out with superior models, we could see that $180 level tested again. The announced partnership with Meta, which I’ll get to in a second, reinforces the idea that big tech isn’t just buying chips for a one-time hype cycle....

Nvidia: The Market Wants Proof, Meta Just Gave It (NASDAQ:NVDA) Seeking Alpha

The T Rowe Price Technology ETF is seeing unusually high volume in afternoon trading Wednesday, with over 491,000 shares traded versus three month average volume of about 44,000. Shares of TTEQ were up about 1.6% on the day. Components of that ETF with the highest volume on We

美国财政部发行160亿美元20年期国债，中标收益率报4.664%。 上次发行报4.846%； 投标倍数为2.36倍，上次为2.86倍； 交易商获配比例为17.6%，上次为6.2%； 直接投标人获配27.2%，上次为29.1%； 间接投标人获配55.2%，上次为64.7%； 发行日：2026年3月2日；到期日：2046年2月15日。 责任编辑：丁文武

BlackJack3D Goldman Sachs CEO David Solomon, long known as a cryptocurrency skeptic, disclosed on Wednesday that he now personally holds “very, very limited” amounts of Bitcoin ( BTC-USD ). Speaking at the World Liberty Forum at Mar-a-Lago in Florida, Solomon characterized himself as merely an “observer” of the digital asset rather than a “great Bitcoin ( BTC-USD ) prognosticator.” While he now admits to owning “very little, but some” of Bitcoin ( BTC-USD ), he noted he is still trying to understand how the asset moves. He previously said he didn’t see “a real use case” for the cryptocurrency, noting that he always considered it to be a speculative investment. Solomon used his appearance to articulate a vision where traditional finance and cryptocurrency are not adversaries but components of a unified system. “It’s one system; it’s our system,” he said. “We have to do it the right way.” He emphasized that tokenization will be “super important” as large-scale technology platforms continue to reshape market infrastructure. The Goldman Sachs chief attributed his firm’s historically cautious approach to the digital asset space to regulatory constraints. Solomon suggested that as regulators begin providing greater latitude for companies to get “more involved” in the sector, the investment banking company may take another look at its participation level. The firm’s leadership views crypto as part of a longer-term shift in financial infrastructure, a perspective that has gained increased legitimacy under President Donald Trump’s administration. Solomon urged a thoughtful approach even as the regulatory environment appears to be evolving rapidly in favor of greater institutional involvement. Bitcoin-backed ETFs: ( IBIT ), ( ARKB ), ( GBTC ), ( BRRR ), ( BTCO ), ( HODL ), ( BTCW ), ( FBTC ), ( BITB ), ( EZBC ) More on Bitcoin USD Bitcoin's Battle: The $70k Wall And Technical Breakout Hint At Further Downside; Is $50k A Possibility? Whale's Tracking - Hotspots And Hedging Is ...

Earnings Call Insights: Empire State Realty Trust (ESRT) Q4 2025 Management View Chairman & CEO Anthony Malkin opened by highlighting the company's continued leasing momentum, observation deck execution, balance sheet management, and the outlook for 2026. He stated, "We delivered full year core FFO of $0.87, a reflection of continued performance across our platform. Our leasing team again put points on the board with nearly 460,000 square feet leased in the quarter and 1 million square feet for the year." Malkin emphasized the transformation to a 100% New York City portfolio, with $1 billion in acquisitions and the disposal of suburban commercial assets without tax leakage. He underscored management succession and key leadership promotions, stating these have "strengthened our operating platform and reinforce our ability to execute on our growth initiatives." President Christina Chiu detailed recent investment activity, noting, "In December, we acquired 130 Mercer for $386 million. Our ability to move quickly and close with certainty is a significant advantage in today's market." She reported completion of $417 million in all-cash acquisitions and the final disposition of Metro Center. Chiu also highlighted share repurchases: "During the fourth quarter, we repurchased $6 million of shares at an average price of $6.73. For the full year, we repurchased $8 million of shares at an average price of $6.78." Executive VP Ryan Kass reported, "In 2025, our property team delivered another year of exceptional performance. We leased over 1 million square feet and grew occupancy to 90.3%, up 170 basis points year-over-year. Our office portfolio is 93.5% leased, our 12th consecutive quarter above 90%." Kass noted, "The fourth quarter marked our 18th consecutive quarter of positive mark-to-market lease spreads in our office portfolio." CFO Stephen Horn presented, "For the fourth quarter of 2025, we reported core FFO of $0.23 per diluted share. For the full year 2025, core FFO was...

Earnings Call Insights: Wingstop Inc. (WING) Q4 2025 Management View Michael Skipworth, President and CEO, highlighted that 2025 was a transformational year for Wingstop, marked by the company surpassing 3,000 restaurants, launching into six new international markets, and achieving 12% system-wide sales growth despite a 3% decline in same-store sales. Skipworth stated, "Our 2025 results showcase the resiliency of our asset-light, highly franchised model and demonstrated the opportunity we have to scale Wingstop to over 10,000 restaurants globally." He emphasized the successful national rollout of the Wingstop Smart Kitchen and the development of the first loyalty program, aiming to leverage these innovations in 2026 to expand awareness and increase guest frequency. Skipworth reported that the Wingstop Smart Kitchen is now installed in all domestic restaurants, enabling a shift from rollout to execution, with new operating standards focused on speed and accuracy. He noted, "With the Wingstop Smart Kitchen fully deployed, the focus now shifts from rollout to execution. We have introduced new operating standards centered on our objectives with speed and accuracy supported by clear expectations and accountability." Skipworth introduced a new brand campaign, "Wingstop is here," designed to broaden brand consideration and attract new guests, and discussed the upcoming national launch of the Club Wingstop loyalty program at the end of Q2 2026, following a successful pilot that saw nearly 50% enrollment among active guests and a 7% frequency increase for participants. The company reinstated the Chief Operating Officer role, appointing Raj Kapoor to lead global operations and development. Skipworth described this as "a deliberate step to ensure our leadership structure is aligned with enabling this next phase of growth." CFO Alex Kaleida stated, "In Q4, system-wide sales increased to $1.3 billion, approximately 9.3% versus 2024, driven primarily by 124 net new restaurants pa...