US Department of Homeland Security spokeswoman Tricia McLaughlin will leave the department, according to two Trump administration officials, a move that comes as public support for US President Donald Trump’s immigration crackdown has dwindled. McLaughlin became a prominent booster of Trump’s aggressive approach to immigration and helmed the press operation at DHS, which has come under scrutiny ...
US Department of Homeland Security spokeswoman Tricia McLaughlin will leave the department, according to two Trump administration officials, a move that comes as public support for US President Donald Trump’s immigration crackdown has dwindled. McLaughlin became a prominent booster of Trump’s aggressive approach to immigration and helmed the press operation at DHS, which has come under scrutiny for issuing inaccurate or incomplete statements following violent encounters involving federal...
On February 17, 2026, Nine Ten Capital Management disclosed selling 342,907 shares of IRadimed (NASDAQ:IRMD) , an estimated $29.42 million trade based on quarterly average pricing. According to a Securities and Exchange Commission (SEC) filing dated February 17, 2026, Nine Ten Capital Management reduced its position in IRadimed by 342,907 shares during the fourth quarter. The estimated value of th...
On February 17, 2026, Nine Ten Capital Management disclosed selling 342,907 shares of IRadimed (NASDAQ:IRMD) , an estimated $29.42 million trade based on quarterly average pricing. According to a Securities and Exchange Commission (SEC) filing dated February 17, 2026, Nine Ten Capital Management reduced its position in IRadimed by 342,907 shares during the fourth quarter. The estimated value of the shares sold is approximately $29.42 million, calculated using the average closing price for the quarter. The quarter-end position value decreased by $13.21 million, reflecting both the share sale and changes in the company’s share price. IRadimed specializes in MRI-compatible medical devices, offering a focused product portfolio that addresses safety and operational needs in imaging environments. The company leverages a direct sales model and an established distribution network to reach a broad base of healthcare providers. Continue reading
Pakorn Supajitsoontorn/iStock via Getty Images Market Review With 2026 underway, a few factors are readily apparent across the global fixed income markets: the slow-going bull market remains in the sweet spot; attractive yield levels should continue to accrue into solid returns over the intermediate to longer term; and the unusual geopolitical backdrop and asynchronous central bank cycles should c...
Pakorn Supajitsoontorn/iStock via Getty Images Market Review With 2026 underway, a few factors are readily apparent across the global fixed income markets: the slow-going bull market remains in the sweet spot; attractive yield levels should continue to accrue into solid returns over the intermediate to longer term; and the unusual geopolitical backdrop and asynchronous central bank cycles should continue to create opportunities to add value through active management. Although events like Q1's tariff unveiling and accompanying market swoon created bumps along the way, the ongoing economic expansion with moderate growth and inflation has kept yields generally high and range bound—an environment where the highest-yielding sectors continued to post the highest returns. Although excess returns from spread products were once again positive in 2025—as they have been throughout the three years of the bull market—they were more muted. Spreads are narrower, and the bulk of the capital gains potential from narrowing spreads is well behind us at this point of the cycle. Thanks to the positive yield curve and a slight drop in yields, Treasuries finally outperformed cash and joined the bull market last year. Two prevailing themes from late 2025—renewed divergence across global monetary policy rates and the repricing of term premia—will likely remain at play within developed market rate complexes with 2026 underway. So, while we expect a smaller return contribution from spread product going forward, long-term fixed income should pick up a tailwind from the yield advantage and roll down benefits provided by the newly positive yield curves. In the U.S., the Fed's 25 bp rate cut in December carried a dovish tone, leading to a bull steepening along the curve with only slight movement in the 10-year yield. The narrow move on the 10-year underscored its prevailing low-volatility, range-bound conditions throughout 2025. The low-volatility conditions in the U.S. were further amplified by ...
The annual mass event in Ashbourne, Derbyshire is centuries old and has minimal rules except that competitors must come from one side or the other of a brook that runs through the town Continue reading...
The annual mass event in Ashbourne, Derbyshire is centuries old and has minimal rules except that competitors must come from one side or the other of a brook that runs through the town Continue reading...
March ICE NY cocoa (CCH26 ) today is down -177 (-4.94%), and March ICE London cocoa #7 (CAH26 ) is down -68 (-2.70%). Cocoa prices extended their two-month-long plunge today, falling to 2.5-year nearest-futures lows. Robust global supplies and slack demand are weighing on cocoa prices. Limiting losses in London...
March ICE NY cocoa (CCH26 ) today is down -177 (-4.94%), and March ICE London cocoa #7 (CAH26 ) is down -68 (-2.70%). Cocoa prices extended their two-month-long plunge today, falling to 2.5-year nearest-futures lows. Robust global supplies and slack demand are weighing on cocoa prices. Limiting losses in London...
A handful of software firms including McAfee have released their earnings ahead of schedule in a bid to convince lenders of their resilience to disruption from artificial intelligence. Cybersecurity firm McAfee told its debt investors that preliminary fourth-quarter revenue was $626 million, little changed from the prior year, according to people familiar with the matter. The firm, backed by Adven...
A handful of software firms including McAfee have released their earnings ahead of schedule in a bid to convince lenders of their resilience to disruption from artificial intelligence. Cybersecurity firm McAfee told its debt investors that preliminary fourth-quarter revenue was $626 million, little changed from the prior year, according to people familiar with the matter. The firm, backed by Advent International and Permira Advisers , advanced its earnings to provide clarity during market volatility, said the people, asking not to be identified discussing private information. Rocket Software , the Bain Capital -backed IT modernization firm, disclosed that 2025 revenue rose 5.2% to about $1.4 billion compared with the year earlier, the people said. Meanwhile, Clearlake Capital and Francisco Partners -backed Perforce Software reported a slight decline in annual revenue to $644 million from $654 million in 2024. On a recent call, Perforce management detailed its efforts to drive sales by embedding AI into products, the people said. The software industry has faced a seismic shift as the rapid advance of AI threatens to turn swaths of corporate debt into a burden. “SaaSpocalypse,” as it’s been dubbed, triggered a major selloff in the industry’s debt over fears the disruption will crush revenue growth of tech companies that relied heavily on borrowing. Many private lenders came out in spirited defense of the sector, arguing there are plenty of borrowers that will benefit from AI. Representatives for McAfee, Advent, Permira, Clearlake and Bain declined to comment, while representatives for Francisco Partners, Perforce and Rocket Software didn’t immediately respond to requests for comment. Read More: Distressed Software Loans Swell by $18 Billion in Span of Week McAfee, whose business relies on consumer cybersecurity subscriptions, also told lenders that an adjusted measure of earnings fell by 1% to $292 million in the fourth quarter compared with the year before. The firm,...
Justin Sullivan/Getty Images News Cisco Systems ( CSCO ) tumbled more than 12% followi ng its Q 2 earnings repo rt, despite the networking giant delivering a record $15.35 B in revenue and year-over-year top-line growth of 10%. While the company exceeded Wall Street’s expectations on its headline numbers and raised its full-year gui dance, investors reacted negatively to narrowing gross margins an...
Justin Sullivan/Getty Images News Cisco Systems ( CSCO ) tumbled more than 12% followi ng its Q 2 earnings repo rt, despite the networking giant delivering a record $15.35 B in revenue and year-over-year top-line growth of 10%. While the company exceeded Wall Street’s expectations on its headline numbers and raised its full-year gui dance, investors reacted negatively to narrowing gross margins and the potential for continued profitability pressure. With the sharp pos t-earnings selloff, analyst sentiment has become a battle ground between those focused on a massive AI-driven infrastructure cycle and those wary of rising component costs. What Do Seeking Alpha Analysts Say About Cisco’s Future? Analyst expectations for Cisco are currently divided, reflecting a mix of optimism regarding the “AI-era” transition and skepticism over near-term margin headwinds. Bulls pointed to the company’s massive inflection point in AI infrastructure, noting that orders from hyperscalers reached $2.1B in the second quarter alone . This figure matche d the total AI orders for all of fiscal year 2025. Optimists also highlighted the ongoing campus networking refresh cycle, driven by the end-of-support for legacy products and the rapid adoption of Wi-Fi 7. These analysts believe Cisco is “quietly winning” the AI buildout through its Silicon One architecture and optics portfolio, which are seeing triple-digit growth in specific segments like Acacia. On the other side of the spectrum, s keptics h ighlighted the immediate pressure on profitability as non-GAAP gross margins fell 120 basis points to 67.5%. This decline was largely attributed to soaring memory costs and a shifting product mix, which management expects will continue to weigh on margins in the third quarter. A dditionally, some analysts expressed concern over the high valuation multiples relative to growth, pointing out that Cisco’s PEG ratio remains less attractive than faster-growing peers like Arista Networks ( ANET ). There is...
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Warner Bros. is back at the table with Paramount — and Netflix could be forced into another bidding war. Activists are circling: Starboard targets TripAdvisor, Elliott builds a major stake in Norwegian Cruise Line, and Jana is pushing for change at Fiserv. Meanwhile, Anthropic and the Pentagon hit...
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Warner Bros. is back at the table with Paramount — and Netflix could be forced into another bidding war. Activists are circling: Starboard targets TripAdvisor, Elliott builds a major stake in Norwegian Cruise Line, and Jana is pushing for change at Fiserv. Meanwhile, Anthropic and the Pentagon hit turbulence over surveillance fears — just as investors dump software stocks on AI anxiety. And on Wall Street? The new trade isn’t tech — it’s teams. Goldman Sachs says sports could be the next asset class. (Source: Bloomberg)
JHVEPhoto/iStock Editorial via Getty Images Morgan Stanley on Tuesday upgraded Veeva Systems ( VEEV ) to Equal Weight from Underweight, noting that the provider of customer relationship management (CRM) software better reflects its market risks after its recent sell-off. Analyst Craig Hettenbach pointed out that Veeva ( VEEV ) has fallen 45% since its recent peak in October. He attributed the sell...
JHVEPhoto/iStock Editorial via Getty Images Morgan Stanley on Tuesday upgraded Veeva Systems ( VEEV ) to Equal Weight from Underweight, noting that the provider of customer relationship management (CRM) software better reflects its market risks after its recent sell-off. Analyst Craig Hettenbach pointed out that Veeva ( VEEV ) has fallen 45% since its recent peak in October. He attributed the sell-off to concerns over AI-related disruption in the software sector and the company’s recent performance in the CRM market, where it has lost four of the top 10 pharma companies. “The pendulum has swung too far from overenthusiasm to extreme pessimism,” Hettenbach wrote, adding that “while there are lingering risks from share loss in CRM,” VEEV better reflects the concerns as its stock trades at a 10-year low on an EV/FCF basis. The analyst highlighted VEEV's financial position, including its $6.6B in cash, and called the company's inaugural share repurchase program, announced in January, a “potential support” for the stock. However, Hettenbach lowered his price target on Veeva ( VEEV ) to $205 from $222, assuming a 2x turn decline in EV/FCF to recognize multiple compressions in the software sector. The analyst projected VEEV to provide in-line guidance with a “slight upside” for Q4 2025 when it releases quarterly financials on Mar. 4. More on Veeva Systems Viva La Vida: Here Comes The Rebound For Veeva Systems 44th Annual J.P. Morgan Healthcare Conference Veeva Systems Inc. (VEEV) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript Samsara gets rating upgrade at BNP Paribas Veeva announces share repurchase program