格隆汇2月11日｜美联储洛根：预计今年通胀将取得进展，并已看到一些初步迹象。

格隆汇2月11日｜美联储洛根：当前的政策立场可能已非常接近中性水平，对经济的抑制作用有限。

格隆汇2月11日｜美联储洛根：对当前政策立场能够将通胀压回至2%、并维持劳动力市场平衡持“谨慎乐观”态度。

MF3d/E+ via Getty Images Introduction Dynatrace, Inc. ( DT ) recently reported a double beat and a raise for Q3, so I wanted to go through the numbers and see what is still ahead for it and the SaaS industry as a whole. I think the company is a strong contender for when the tide turns, but I need it to come down further before I jump in. By the Numbers Starting from the top, DT’s sales for the quarter were $515.5m, up 18.2% y/y, and beat estimates by around $9m. Subscription revenues continue to dominate with $493m of total sales, up 18% y/y, while Services took the rest. The company’s total annual recurring revenue is close to $2B and saw growth of around 20% y/y. Log management became a $100m business, which grew over 100% y/y. Onto the company’s profitability, we can see that Q3 non-GAAP EPS came in at around $0.44, beating estimates by 3 cents. Gross margins are consistently at around 81% and 84% on a GAAP and adjusted basis, respectively. GAAP operating margin improved by a respectable 300 bps to 14%, while non-GAAP remained at 30%. So, we can see that the company continues to perform quite well and is well over the SaaS gold standard of the Rule of 40. Let’s take a look at the company’s financial position. DT finished the year with around $1.18B in cash, equivalents, and short-term investments, against no debt, apart from some operating leases. It’s a great position to be in. The company can continue to focus all the resources available on the growth strategy and not fall behind. The company cannot afford to lose the momentum and market share in this crowded SaaS world. Looking at DT’s cash flow, free cash flow came in at around $27.2m, which was lower than last year’s $37.56m. It shouldn’t be a worry in my opinion, as that is only one quarter’s result. Overall free cash flow for the 9 months ended December was $317m. Higher than last year’s $285m. So, the company continues to generate plenty of cash, and you could call it a cash machine. This is going to help...

格隆汇2月11日｜美联储洛根：未来几个月如果通胀回落、劳动力市场保持稳定，就不需要进一步降息。

格隆汇2月11日｜美联储洛根：更担心通胀顽固地维持在高位。

荷蘭警方拘捕15人，涉嫌利用短片分享平台TikTok宣傳極端組織「伊斯蘭國」。 荷蘭檢察部門在周二稱，警局發現一個TikTok帳戶發放帶有「伊斯蘭國」信息，配以荷蘭語字幕的片段，試圖鼓勵網民加入極端組織，甚至發動恐襲，部分帖文的瀏覽次數逾10萬。 之後警方拘捕十多人，他們介乎16至53歲，大部分是敘利亞人，另有4名未成年人士。他們被控煽動實施恐怖主義，宣傳或參與恐怖組織。當局稱不排除有更多人被捕。

Evercore ISI now sees opportunities in several stocks that have suffered deep pullbacks after a recent rotation out of momentum stocks, marked by a slow crash in software issues and a fast crash in bitcoin and precious metals. U.S. equities were volatile in the first week of February as investors panicked over the potential impact of artificial intelligence on software companies and weighed earnings from chipmakers as well as "Magnificent Seven" leaders Amazon and Google . The major indexes rebounded on Friday and again on Monday, with the Dow Jones Industrial Average crossing 50,000 for the first time, as investors grabbed the opportunity to buy stocks like Nvidia and Broadcom at cheaper valuations. Evercore compiled a screen of stocks it called "Falling Knives Out," saying the companies it found had fallen victim to recent bouts of selling and could now outperform even as bank projects volatility will stay remain elevated, as is typical in the fourth year of a bull market. Strategists led by Julian Emanuel in a report issued Sunday note explained how the firm screened for stocks: Must be rated outperform at Evercore ISI. Must be down more than 10% in 2026 and 30% in the past 12 months. Current short interest is in the 65th percentile or more compared to the past two years. Several software stocks, such as ServiceNow , Salesforce and Workday showed up, all of them hard hit last week amid the slump in the group owing to concerns that artificial intelligence will erode their business. "In our conversations with clients last week, there was near unanimity that Software was worth buying," Emanuel wrote. Also on the list was Blue Owl Capital , which tumbled more than 21% in three weeks through Friday as investors reassessed private credit providers' exposure to application software companies. But beyond individual stocks, Evercore maintains a bullish outlook on U.S. equities generally. "The absence of a recession, with a Fed set to cut rates, long end yields remaining s...

Max Zolotukhin/iStock via Getty Images After the Federal Reserve's rate cuts last year, it's still uncertain how restrictive the central bank's current 3.50%-3.75% policy rate is, Dallas Fed President Lorie Logan said on Tuesday. "One way to assess the restrictiveness is to compare the fed funds rate to estimates of the neutral interest rate, which is the theoretical interest rate that would act as neither a headwind nor a tailwind to growth," she said in prepared text for a speech at the FIA-SIFMA Asset Management Derivatives Forum in Austin, Texas. Market proxies for the real neutral rate suggest expectations for neutral real interest rates at the upper end of model-based estimates are not far from the current policy rate, she explained. "All of this suggests to me that our current stance of policy may be very close to neutral and providing little restraint on economic activity and inflation." Logan expects to see further progress on inflation, which has stayed above the Fed's 2% target, this year as goods inflation starts to fade. Housing services inflation should also subside, she added. Moreover, "greater balance in the labor market should ease pressures on core non-housing services inflation." However, progress could be slower than expected. For example, headline inflation in January and February has surprised to the upside in recent years, and that could re-occur in 2026 as well. In addition, fiscal policy looks "set to provide a tailwind to investment and spending, as do buoyant financial conditions," she said. Indexes that estimate the economic impact of changes in a range of asset prices point to a boost to growth ahead. "And while deregulation and new technologies, such as artificial intelligence, may expand productive capacity over the long term, increased demand from firm investment and household spending in anticipation of these supply-side gains could exert upward pressure on prices in the near term," Logan said. She's “cautiously optimistic” that the...

HOBOKEN, N.J., Feb. 10, 2026 /PRNewswire/ -- During a featured presentation at the recent Northeast Spa and Pool Association (NESPA) Show in the Atlantic City Convention Center, eMazzanti Technologies President Carl Mazzanti addressed the urgent and growing cybersecurity challenges facing pool and spa retailers, distributors, and service organizations. eMazzanti Technologies President Carl Mazzanti "Businesses of all sizes in the pool & spa industry handle volumes of sensitive customer data, a prime target for sophisticated Cybercriminals," Mazzanti noted during the session, Protecting Your Business From Cyber Threats in an AI Driven World. His company is a leading provider of IT services and cybersecurity solutions, Microsoft expert, and a key Watchguard partner. "Nation-state and other bad actors are increasingly leveraging artificial intelligence (AI) to enhance their threats," he noted. "Small and midsize companies often assume they are too small to be targeted, but the opposite is true. Bad actors believe these firms have fewer resources to defend themselves, and they exploit that gap." Mazzanti's presentation outline the evolving threat landscape, including AI enabled phishing attacks, zero–enabled phishing attacks, zeroday vulnerabilities, –day vulnerabilities, nation state threat actors, and –state threat actors, and thirdparty–party vendor risks. He also provided actionable strategies for strengthening cybersecurity posture, including: Multi–factor authentication (MFA) Penetration testing and vulnerability assessments SIEM/SOC monitoring AI powered–powered automated defenses Employee cybersecurity training Vendor cybersecurity audits He emphasized that technology alone is not enough. "Cybersecurity is both a technology challenge and a people challenge," Mazzanti said. "Bad actors now use artificial intelligence to create highly convincing phishing attacks. Your team members are the first line of defense, and training is essential." Cybersecurity incidents "...

When it comes to artificial intelligence, investors probably think of this company first. Alphabet and Meta Platforms are two of the most successful companies the world has ever known. Combined, they are planning to spend $305 billion (at the midpoint) in capital expenditures in 2026 to expand bandwidth for artificial intelligence (AI) capabilities. This massive sum is significantly larger than last year's outlays. Who's the biggest beneficiary of the spending these internet giants, as well as many other businesses, are taking on? It's Nvidia (NVDA 0.24%). Is this leading AI stock a buy? Falling behind is not an option Whether you are optimistic or pessimistic about the prospects of AI and its potential impact on the economy, it isn't stopping companies from leaning in. And Nvidia wins, as capital gets directed to infrastructure projects that support greater computing capacity. With its Hopper, Blackwell, and upcoming Ruben architectures, the business dominates the industry for data center chips, with about 90% market share. Combined with its CUDA software that enables developers to work on AI applications, Nvidia benefits from switching costs as well. As a result, it's in an enviable competitive position. This ongoing AI build-out boom has led to tremendous growth, with Nvidia's revenue and net income surging 62% and 65%, respectively, in the third quarter of fiscal 2026 (ended Oct. 26) on a year-over-year basis. Investors should have no complaints with that type of jaw-dropping performance. Two key risks There are certainly risks to think about. The obvious one is that we could be in an AI bubble. The money being spent is truly mind-boggling, becoming a bigger share of GDP. And investors are increasingly concerned about what the long-term payoffs will look like. If AI businesses show any signs of pulling back, market sentiment could turn. And that could hurt Nvidia shares. Another risk deals with Nvidia's customer base. Given how insatiable their demand is to incr...

The GLP-1 market is a massive opportunity in healthcare, and many companies are vying for a piece of it. Healthcare companies have been feverishly working on developing GLP-1 weight loss products in an effort to cash in on what's turning out to be a massive gold rush in the sector. Companies big and small have GLP-1 drug candidates in development that, if successful, could be game changers for their businesses. It could put small stocks on the map, and for larger companies, it could mean an improvement in their growth rates. It may seem exciting to invest in GLP-1 stocks for their future growth potential, but there are important things to consider before you dive in. Here are three key things you should know about GLP-1 stocks, to help you decide whether it can be a good area for you to invest in. The market is massive, but estimates have been coming down Given the potential for weight loss drugs to improve the overall health of patients and their wide-ranging benefits, analysts have been understandably bullish on the space. But perhaps they have been too excited about it. Goldman Sachs recently trimmed its forecast for the anti-obesity drug market. It projects that the global market will be worth $95 billion by the end of the decade, which is a sizable decrease from the $130 billion it was previously forecasting. It's still massive, but it's a sign of just how much hype there has been around GLP-1 drugs. And with concerns about side effects and people gaining weight back after they stop using the drugs, it's possible there may still be too much hype right now. Competition is likely to ramp up Today, Eli Lilly (LLY 1.19%) looks to be the early leader in the GLP-1 space, as it has been experiencing tremendous growth. Its valuation is around the $1 trillion mark as its effective GLP-1 drugs have enabled it to generate fantastic results and attract many growth investors in the process. Meanwhile, it hopes to have an approved pill later this year, which could enhance it...

US No Longer Wants To Pursue Its Own Ukraine Peace Proposal, Kremlin Charges Authored by Dave DeCamp via AntiWar.com, Russian Foreign Minister Lavrov said in an interview published on Monday that the US no longer wants to implement a Ukraine peace deal that it previously proposed, the latest sign that there's little chance the grinding war will come to an end anytime soon. Lavrov claimed that the US and Russia came to an agreement on Ukraine during President Trump and Russian President Vladimir Putin’s summit in Anchorage, Alaska, back in August 2025. He didn’t elaborate on the details of the potential deal, but it's believed to involve Ukraine ceding territory it still controls in the Donbas, a condition included in a 28-point peace plan that was later drafted by the Trump administration . via CNN "In other words, we were told that the Ukrainian issue must be resolved. In Anchorage, we accepted the United States’ proposal . To put it straightforwardly, they proposed, and we agreed – the problem should be solved," Lavrov told TV BRICS . "The position of the United States was important for us. Having accepted their proposals, we essentially fulfilled the task of resolving the Ukrainian issue and moving toward comprehensive, broad, mutually beneficial cooperation." The Russian diplomat said that despite the "positive" summit, the US began imposing sanctions on Russia a few weeks later and has continued the economic pressure. " New sanctions are imposed , attacks on tankers are staged in international waters in violation of the UN Convention on the Law of the Sea, and India and other partners are discouraged from purchasing affordable Russian energy, while Europe has long prohibited such purchases, forcing them to buy American liquefied natural gas at significantly higher prices ," he said. Lavrov added that he didn’t see a "promising future in economic terms" when it comes to US-Russia relations. "Thus, in the economic sphere, the United States has effectively declare...

Run a prompt injection attack against Claude Opus 4.6 in a constrained coding environment, and it fails every time, 0% success rate across 200 attempts, no safeguards needed. Move that same attack to a GUI-based system with extended thinking enabled, and the picture changes fast. A single attempt gets through 17.8% of the time without safeguards. By the 200th attempt, the breach rate hits 78.6% without safeguards and 57.1% with them. The latest models’ 212-page system card , released February 5, breaks out attack success rates by surface, by attempt count, and by safeguard configuration. Why surface-level differences determine enterprise risk For years, prompt injection was a known risk that no one quantified. Security teams treated it as theoretical. AI developers treated it as a research problem. That changed when Anthropic made prompt injection measurable across four distinct agent surfaces, with attack success rates that security leaders can finally build procurement decisions around. OpenAI's GPT-5.2 system card includes prompt injection benchmark results, including scores on evaluations like Agent JSK and PlugInject, but does not break out attack success rates by agent surface or show how those rates change across repeated attempts. The original GPT-5 system card described more than 5,000 hours of red teaming from over 400 external testers. The Gemini 3 model card describes it as "our most secure model yet" with "increased resistance to prompt injections," sharing relative safety improvements versus previous models but not publishing absolute attack success rates by surface or persistence scaling data. What each developer discloses and what they withhold Disclosure Category Anthropic (Opus 4.6) OpenAI (GPT-5.2) Google (Gemini 3) Per-surface attack success rates Published (0% to 78.6%) Benchmark scores only Relative improvements only Attack persistence scaling Published (1 to 200 attempts) Not published Not published Safeguard on/off comparison Published Not pu...

At Holdings Channel, we have reviewed the latest batch of the 35 most recent 13F filings for the 06/30/2024 reporting period, and noticed that Schwab U.S. Large-cap Etf (Symbol: SCHX) was held by 11 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look. Before we proceed, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen. Having given that caveat, we believe that looking at groups of 13F filings can be revealing, especially when comparing one holding period to another. Below, let's take a look at the change in SCHX positions, for this latest batch of 13F filers: In terms of shares owned, we count 4 of the above funds having increased existing SCHX positions from 03/31/2024 to 06/30/2024, with 6 having decreased their positions. Looking beyond these particular funds in this one batch of most recent filers, we tallied up the SCHX share count in the aggregate among all of the funds which held SCHX at the 06/30/2024 reporting period (out of the 2,638 we looked at in total). We then compared that number to the sum total of SCHX shares those same funds held back at the 03/31/2024 period, to see how the aggregate share count held by hedge funds has moved for SCHX. We found that between these two periods, funds increased their holdings by 1,830,579 shares in the aggregate, from 79,737,548 up to 81,568,127 for a share count increase of approximately 2.30%. The overall top three funds holding S...

Dilok Klaisataporn/iStock via Getty Images U.S. insurance broker stocks tumbled on Monday after the launch of a new artificial intelligence tool by privately held online insurance marketplace, Insurify, fueling concerns that the industry could face significant disruption. In light of this development, below is a list of the top insurance broker stocks ranked according to Seeking Alpha’s Quant Ratings. The list focuses on companies in the insurance brokers sector, evaluated based on quantitative measures including market capitalization and price performance. Waterdrop Inc. ( WDH ) tops the list with a Strong Buy rating of 4.60, followed by Abacus Global Management, Inc. ( ABX ) with a Strong Buy rating of 4.50. Hagerty, Inc. ( HGTY ) rounds out the bullish portion of the rankings with a Buy rating of 3.99. The middle portion of the list includes several stocks with Hold ratings, such as TWFG, Inc. ( TWFG ) at 3.23 and Willis Towers Watson ( WTW ) at 3.00. Major players like Marsh & McLennan Companies ( MRSH ) and Aon plc ( AON ) also fall into Hold territory. The list concludes with Crawford & Company, which carries Sell ratings for both its Class B ( CRD.B ) and Class A ( CRD.A ) shares. Seeking Alpha’s Quant Rating system grades stocks based on their performance on critical quantitative measures, including valuation, growth, stock momentum, and profitability. Ratings are given on a scale from 1 to 5, with any score of 3.5 or above considered bullish and any rating of 2.5 or below considered bearish. Here is the list: Waterdrop ( WDH ), Quant Rating: 4.60 Abacus Global Management ( ABX ), Quant Rating: 4.50 Hagerty ( HGTY ), Quant Rating: 3.99 TWFG ( TWFG ), Quant Rating: 3.23 Willis Towers Watson ( WTW ), Quant Rating: 3.00 Marsh & McLennan Companies ( MRSH ), Quant Rating: 2.96 Hippo Holdings ( HIPO ), Quant Rating: 2.94 Aon ( AON ), Quant Rating: 2.71 Crawford & Company ( CRD.B ), Quant Rating: 2.35 Arthur J. Gallagher ( AJG ), Quant Rating: 1.58 More on insuranc...

MoMo Productions/DigitalVision via Getty Images While many segments of the healthcare services space trade on speculative disruption or unpredictable reimbursement dynamics, Encompass Health ( EHC ) provides a sustainable growth story of structural permanence. Not only is Encompass the largest provider of inpatient rehabilitation hospitals in the U.S., but it is also setting the standard for the industry in terms of both clinical quality and capital efficiency. As I look at Encompass' path into 2026, the marketplace has begun to realize the compounding impact of the company's real estate strategy and the clinical superiority of its IRF model over the skilled nursing facility model, which allows the company to take increasing shares of the market. Financial Performance and Operational Leverage For the fourth quarter , net operating revenue was $1.544 billion, or a 9.9 percent increase compared to the same time frame last year. Importantly, what is most impressive is the quality of growth of the top line. Adjusted EBITDA grew 15.9 percent to $335.6 million and, as such, surpassed net operating revenue growth significantly. This growing gap between revenue growth and EBITDA growth represents an increasingly efficient deployment of fixed costs across a larger revenue base. As a result, this demonstrates effective scalability within a facility-based model. Net discharge volume has been the primary driver of growth, and total net discharges were up 5.3 percent to 67,238. More importantly, same-store net discharge growth was 3.2 percent. Same-store growth is important because it shows that growth in net discharges is not simply a product of new facilities, which require large amounts of capital; rather, the growth in net discharges is generated from higher levels of usage of existing facilities. Pricing power was also evident through a 4.1 percent increase in net patient revenue per discharge to $22,273. This represents a price increase above the rate of inflation for the ...

格隆汇2月11日｜凯利蓝皮书：在特斯拉的带动下，电动车价格1月下跌，销量持续放缓。

格隆汇2月11日｜凯利蓝皮书：美国1月新车价格上涨，汽车制造商削减促销激励措施，以帮助维护利润率。1月份，新车的平均建议零售价为49,191美元，比去年同期水平上涨了1.9%。上月新车价格自2025年12月创下的历史高位回落。

Watch: There's still a possibility the toy chain could survive, but as for the gift cards, their days are numbered

The BBC has visited Iran for the first time since the crackdown by security forces on nationwide anti-government protests last month. Iran's leaders are marking 47 years since the Islamic Revolution, with bunting and flags decorating the streets of Tehran - but the pain is still raw after unprecedented force was used to put down the protests. Human rights activists have said they have confirmed the killing of at least 6,400 protesters, but warned that the final death toll could be far higher. The BBC's chief international correspondent Lyse Doucet is reporting from Tehran on condition that none of her material is used on the BBC's Persian Service. These restrictions apply to all international media organisations operating in Iran.

财联社2月10日讯（编辑 夏军雄） 谷歌母公司Alphabet计划在英镑市场发行一只极为罕见的100年期债券，但规模仅为10亿英镑（约合13.67亿美元）。 据报道，在人工智能（AI）基础设施蓬勃发展、科技巨头纷纷举债融资的背景下，这笔有限规模的债券交易收到接近发行额10倍的认购订单。 此外，Alphabet本周一已在美元市场发行了200亿美元的债券。由于订单规模超过1000亿美元，该笔发行规模从最初计划的150亿美元上调。 Alphabet目前正计划在多种货币市场发行债券，其中就包括这只英镑计价的“世纪债券”，同时也可能很快在瑞士法郎市场进行发行。 这是近30年来科技公司首次发行100年期债券。上一次类似发行要追溯到1997年摩托罗拉。 在美元债方面，本次发行分为7个期限档，其中最长期限为40年期债券，将于2066年到期。最初市场预计该债券收益率将比美国国债高出1.2个百分点，但目前定价预计将收窄至约0.95个百分点。 需求最为强劲的集中在短期限债券，其中3年期债券的定价仅较美债高出0.27个百分点。 债券价格和收益率呈反比，当投资者认为债券风险上升时，会要求更高收益率，对应债券价格下降，反之亦然。 多币种融资优势 多币种融资具备多项优势，这也可能是Alphabet选择这一策略的原因。 首先，这有助于分散投资者基础。在当前环境下，这一点尤为重要。随着大型科技公司在AI基础设施上的资本开支不断攀升，其融资需求也在持续扩大。 通过进入全球债券市场，而非仅依赖美元市场，Alphabet可以避免供需失衡导致债券价格被推高、收益率被压低，从而削弱投资者的参与意愿。 此外，相较美元债，英镑市场利率更低，这也使得潜在的百年期债券在融资成本上更具吸引力。 科技巨头债务融资迎来创纪录一年 Alphabet此次大规模举债，正值公司宣布AI资本开支创历史新高之后。 上周公布财报时，Alphabet透露，公司今年计划投入超过1850亿美元，用于AI模型及云基础设施建设，这一数字几乎是去年的两倍。 为此，Alphabet的长期债务规模已在2025年增至465亿美元，是此前的四倍。不过，该公司账上仍持有超过1250亿美元现金可供动用。 其他科技巨头也在跟进。就在上周，甲骨文通过债券发行融资250亿美元，并获得1290亿美元的创纪录认购。 摩根士丹利预计，超大规模云厂商在2026年的借款规模将...

With fewer protections and guardrails, we have a much less effective system.

Check out some of the companies making the biggest moves midday: Amentum Holdings — The defense contractor tumbled about 12% after fiscal first-quarter revenue and adjusted EBITDA missed Wall Street analysts' consensus estimates, according to FactSet data. BP Plc — The British oil major suspended its buyback program , deciding to use the cash instead to strengthen its balance sheet. BP ADRs sank 6% in the U.S. ZoomInfo Technologies — The cloud-based sales and marketing platform slumped 10% after forecasting first-quarter earnings per share excluding one-time items of 25 cents to 27 cents per share. Analysts expected 27 cents for the quarter, according to FactSet data. Fourth-quarter billings and adjusted gross margin were also light. Datadog — Shares of the software company rose 16% as both fourth-quarter results and its first-quarter outlook topped estimates. The bounceback puts Datadog shares up 2% month-to-date. The company said AI adoption is driving greater use of its cloud security products, with customers using four or more of its products. Ichor Holdings — Shares soared 37% to a 52-week high after the maker of semiconductor equipment parts said strong demand for etch and deposition intensity services fueled a fourth-quarter earnings beat. A first-quarter forecast was above what analysts were expecting, according to FactSet. Ichor also said it expects its gross profit to accelerate during the remainder of 2026. Incyte – The biopharmaceutical company tumbled 6%. Fourth-quarter earnings landed at $1.80 per share on an adjusted basis, missing the FactSet consensus estimate of $1.90 per share. Operating income came in at $451 million, below the consensus call for $458 million. Entegris — The technology materials supplier climbed 11% to a 52-week high after posting a rosy business outlook. Entegris anticipates earnings per share of 70 to 78 cents per share, excluding one-time items, on revenue of $785 to $825 million in the first quarter. Analysts polled by FactSe...