Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Natalie Lung looks at Uber’s effort to take control of the robotaxi narrative around the company. Tech Across the Globe Meta pitches safety: The parent of Facebook and Instagram ran thousands of television commercials to tout its safety work with teenagers ahead of a landmark jury trial to examine whether social media is addictive to young people. Coupang probe : South Korean investigators say the e-commerce company failed to preserve information related to a breach of data on nearly 34 million shoppers, compromising a probe into the incident. Anthropic’s fundraising: Blackstone made another investment in the artificial intelligence company, increasing its stake to $1 billion, while Abu Dhabi’s MGX is nearing a deal to join the funding round, which is expected to raise more than $20 billion. Revalued Spanish AI software company Multiverse is in talks to raise about €500 million ($595 million) in a deal that would value the company at €1.5 billion. The startup, founded in 2019, aims to shrink large language models so they consume less energy and power, which would make the technology cheaper and more efficient. Pushback Uber investors were decidedly downbeat on the rideshare giant’s mixed earnings report last week, contributing to the stock’s year-to-date slump. The company demonstrated healthy cash levels and robust demand, especially in its core US markets, but that wasn’t enough to meet Wall Street’s profit expectations and assuage the biggest long-term concern: robotaxis. Uber has spent the last year striking partnerships with global robotaxi companies in rapid succession to make their cars available to rideshare customers in the next few years. But Waymo’s aggressive expansion plans are sowing concern for Uber’s future among some investors. The Alphabet-owned company collaborates with Uber in Phoenix, Austin and Atlanta, but hasn’t anno...

格隆汇2月11日｜Healthcare Services第四季度每股收益0.44美元，上年同期0.16美元，市场预估0.22美元。

4D Molecular Technology (4DMT) has completed patient enrollment in its first phase 3 clinical trial evaluating 4D-150, an investigational gene therapy for the treatment of wet age-related macular degeneration (AMD). This follows the company’s previously announced plans to accelerate its phase 3 wet AMD clinical program toward a future submission for U.S. regulatory approval. Where shall we start? First: It helps to know about 4DMT’s Therapeutic Vector Evolution. What it is: A proprietary platform that uses synthetic adeno-associated virus (AAV) capsid–derived sequences to create customized vectors (such as R100, below) for advancing vector delivery–based product candidates, including 4D-150. Then: There’s the customized R100 intravitreal (IVT) vector. What it does: Uses a dual transgene payload—aflibercept and a VEGF-C–inhibitory RNAi—to block four angiogenic factors driving wet AMD in order to deliver 4D-150. How, exactly? 4D-150 is formulated to offer a multi-year, sustained, and low-dose IVT delivery of anti-VEGF from the retina. Its clinical performance thus far: Now to this phase 3 trial. That would be the North American-based 4FRONT-1 study (NCT06864988). This is the first registrational trial on 4D-150 in the company’s planned wet AMD phase 3 clinical program, which also includes the global 4FRONT-2 study. What we know about it: The design: A multicenter, randomized, double-masked, comparator-controlled study A multicenter, randomized, double-masked, comparator-controlled study The participants: An estimated 480 patients (aged 50+) diagnosed with treatment-naïve wet AMD in the study eye. See here for all inclusion / exclusion criteria. An estimated 480 patients (aged 50+) diagnosed with treatment-naïve wet AMD in the study eye. The setup: Patients randomized to receive either 4D-150 (3E10 vg/eye) or an active comparator (aflibercept 2 mg) as single-dose IVT injections over a 52-week period. Additionally: 4DMT noted that participants in both arms will be eligi...

"Had it not been for the steadfast persistence of the family, who did not give up hope on uncovering what happened, it's likely your crimes would have remained undetected.

Several full-time employees of Alphabet Inc.’s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google have signed an open letter urging the company to sever its ties with the federal government’s immigration enforcement agencies. Employees Demand Transparency, Safeguards The letter, published on Friday, calls for more transparency regarding how Google’s technology is being used by federal agencies. The employees are particularly concerned about Google’s contracts to provide cloud services to federal agencies and its involvement in federal immigration enforcement activities. When last checked, the letter was signed by 1002 employees. "Google is powering this campaign of surveillance, violence, and repression," the letter stated. Don't Miss: The AI Marketing Platform Backed by Insiders from Google, Meta, and Amazon — Invest at $0.85/Share This investment firm leverages expert insights and a 2.40x net equity multiple to help accredited investors capitalize on 2026 multifamily market trends—read the full forecast now. The employees said that Google's leadership, including CEO Sundar Pichai, failed to be transparent internally about the company's work with the federal government, prompting employees to issue an open letter demanding greater disclosure. The letter also urges Google to pull its technology from all work tied to the Department of Homeland Security (DHS), Immigration and Customs Enforcement (ICE), and Customs and Border Protection (CBP). In addition, employees are seeking safeguards against immigration enforcement actions, worker safety measures and are calling for an all-hands meeting to address their concerns. Google’s Federal Partnerships The letter reflects growing employee dissatisfaction with Google’s business ties to the federal government, especially in light of recent fatal incidents related to immigration enforcement. At the end of January, workers from Amazon.com Inc. (NASDAQ:AMZN), Spotify Technology (NYSE:SPOT), Meta Platforms Inc. (NASDAQ:META) and other companies...

RESTON, Va., Feb. 11, 2026 (GLOBE NEWSWIRE) -- Science Applications International Corp. (NASDAQ: SAIC), a leading mission integrator supporting defense, space, intelligence and civilian agencies, today announced unaudited preliminary financial results for the fiscal fourth quarter and full fiscal year 2026 and updated its financial guidance for fiscal year 2027. The Company’s announcement of unaudited preliminary financial results and updated guidance was primarily due to recent procurement delays and unfavorable customer award decisions. These items will result in a reduction to expected fiscal year 2026 and 2027 revenue compared to prior guidance. "While recent dynamics pressure our near-term revenue outlook, we continue to invest to ensure that our solutions directly support what is most impactful to national security and to broader government transformation. We are also improving every stage of our business development and delivery processes by investing in our people, processes, and tools. This includes a bottoms-up enterprise transformation program to increase our investment capacity. I’m confident these efforts will generate more sustained, profitable growth in the coming years,” said Jim Reagan, SAIC’s Interim Chief Executive Officer. “The revenue pressures we have seen recently are disproportionately within our portfolio of larger and commoditized Enterprise IT programs. Going forward, we will be more selective by focusing on customer opportunities with the potential for technology transformation and execution upside. We’re confident in our ability to return to growth with solid double-digit margins over time. We look forward to discussing these efforts in greater detail on our fourth quarter earnings call in March,” said Prabu Natarajan, SAIC’s Chief Financial Officer. Mr. Natarajan will provide further comments on these dynamics in a presentation at the TD Cowen Aerospace & Defense Conference on February 11 at 4:20 PM ET. The webcast and associated materi...

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A long time ago, in (I believe) an issue of Car Magazine from the mid-1990s, the designer Gordon Murray shared his thoughts about a possible four-door follow-up to the McLaren F1 . Road cars weren't really his thing. Until then, his career had been focused on Formula 1 car design, and he brought that sport's obsession with weight savings with him. Were he to design a sedan, he'd trim the interior with textile, not leather. After all, wool made fine suits and coats, Murray reasoned, and it would save weight. A four-door McLaren never happened during his tenure, nor has one appeared since. Murray now runs his own boutique hypercar company, which also builds no sedans. But the idea that high-end cars could use something other than leather has stuck with me, especially after driving BMW's i7, which debuted in 2022 with a premium cashmere wool interior . More recently, new EVs have experimented with interesting textile alternatives to leather. Two good examples are the BMW iX3 and the Audi A6 , though neither can be ordered with these textile options in the US. Read full article Comments

In an age of tariffs and inflation, S&P 500 growth is golden. And some companies are shining. Ten companies in the S&P 500 — including Expand Energy, Nvidia and Robinhood — either already posted or are expected to report 2025 revenue that's 51% or more higher than it was in 2024, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge.

Generally speaking long term investing is the way to go. But along the way some stocks are going to perform badly. For example, after five long years the JD.com, Inc. (NASDAQ:JD) share price is a whole 73% lower. We certainly feel for shareholders who bought near the top. We also note that the stock has performed poorly over the last year, with the share price down 31%. Now let's have a look at the company's fundamentals, and see if the long term shareholder return has matched the performance of the underlying business. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. While the share price declined over five years, JD.com actually managed to increase EPS by an average of 3.3% per year. Given the share price reaction, one might suspect that EPS is not a good guide to the business performance during the period (perhaps due to a one-off loss or gain). Alternatively, growth expectations may have been unreasonable in the past. By glancing at these numbers, we'd posit that the the market had expectations of much higher growth, five years ago. Having said that, we might get a better idea of what's going on with the stock by looking at other metrics. Revenue is actually up 9.6% over the time period. A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity. You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image). NasdaqGS:JD Earnings and Revenue Growth February 11th...

中国交通建设（HK1800）集团有限公司承建的马来西亚东海岸铁路(马东铁)项目首批动车组11日在马来西亚彭亨州州府车站苏丹阿末沙城站正式亮相。当日，出席项目动车组和电力（562350）机车启用仪式暨移动网络基础设施服务提供商委任函移交仪式的嘉宾试乘动车组列车，参观体验列车上的各种现代化设施。马来西亚交通部长陆兆福出席仪式时致辞说，期待新列车为本地居民带来平稳、舒适、便捷的乘车体验，使马东铁成为带动沿线区域经济发展的重要引擎。马来西亚通信部长法赫米.法齐勒表示，随着马东铁项目推进，以通信设施为代表的数字化建设也在同步推进，共同构建包容可持续的数字生态系统。中国驻马来西亚大使欧阳玉靖致辞表示，当前马东铁项目整体进度已达91.7%，动车组与电力（562350）机车的启用标志着项目从高质量建设向高水平运营迈出重要一步。中方愿与马方携手将马东铁打造为赓续中马传统友谊、共享发展成果的示范项目。马东铁项目全长665公里，是中马两国共建“一带一路（885494）”合作的旗舰项目，建成后将极大促进沿线地区互联互通，带动马来西亚东海岸地区经济发展。(新华社)

Welcome to Going Private , Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at Apollo’s record-breaking earnings, two contrasting takes on Chinese investment prospects and why one elite investor thinks equity is currently a better bet than credit. But first we explore some private credit loan concessions that hint at a looming power struggle between lenders and buyout firms. If you’re not already on our list, sign up here . Have feedback? Email us at goingprivate@bloomberg.net Balance of power It’s a borrower’s market and some private equity firms are moving to take full advantage. An anti-rebellion clause in a $1.2 billion private credit loan backing Majesco’s recent acquisition of cloud-based software provider Vitech is the talk of Wall Street, underscoring rising pressure on lenders to concede creditor protections to get into big deals. Under terms of the Majesco loan, lenders must alert parent Thoma Bravo within three business days of any attempts to coordinate with other creditors in so-called cooperation agreements, documents viewed by my colleague Ellen DiMauro show. Those who fail to notify the firm of such pacts will forfeit voting rights they’d typically have on matters like amending credit agreement terms or covenant waivers, according to the documents. Representatives for Majesco did not respond to requests for comment, while a Thoma Bravo representative declined to comment. Once rare, permissive terms more commonly seen in leveraged loans are cropping up more frequently in the $1.7 trillion private credit market. Large borrowers with more power and influence are demanding- and securing- so-called “covenant-lite” terms in a worrying trend for lenders . Lenders typically pursue cooperation agreements to avoid being sidelined in aggressive debt restructurings by buyout firms. While some market participants said they doubted the provision would have much impact, the controversia...

The ice dance competition at Milan-Cortina 2026 is heading for a thrilling conclusion, with two of the greatest partnerships in the world contending for the gold. Currently in silver medal position are the American husband and wife Evan Bates and Madison Chock, gold medallists in the team event and three-time world champions. Leading the way, only 0.46 points ahead, are a duo who only competed for the first time last November but have instantly clicked - and feature the reigning Olympic champion. Guillaume Cizeron, 31, won the ice dance title at Beijing 2022, and his new partnership with Laurence Fournier Beaudry is on course to earn him back-to-back golds, following a technically flawless performance to Madonna's Vogue in the rhythm dance. Following Monday's rhythm dance, the duos return to the ice on Wednesday night for the free dance. The combined scores of both segments will decide the medals. While the free dance allows couples greater freedom in their routines, the rhythm dance contains required elements for more direct comparison. The judges determined the French pair to have a better technical score on their step sequence than the Americans - hence their slight advantage. The objectivity of figure skating judging is a controversy as old as the Olympics and a story for another day. So plenty of intrigue on the ice - and that's nothing compared to the drama off it.

Central Asian governments are forging ahead with ambitious “smart city” mega-projects to tackle rapid population growth and ageing Soviet-era infrastructure. They are also pulling in much-needed foreign investment, and China’s strong visibility in these projects – while Russia is notably absent – is fuelling debate over whether the region is trying to reduce its economic dependence on Moscow. It comes as competition among major powers in Central Asia is intensifying, with the US-led C5+1 framework – dormant for years – regaining momentum amid renewed interest in critical minerals, supply chains and the strategic implications of the Ukraine war Advertisement In recent years, Kyrgyzstan, Kazakhstan, Uzbekistan and Turkmenistan have all made progress on large-scale urban developments designed to house hundreds of thousands of residents. These include Asman in Kyrgyzstan, Alatau in Kazakhstan, New Tashkent in Uzbekistan and Arkadag in Turkmenistan – each with an initial planned population of about 250,000. 11:00 Why Russia might be warming to China’s presence in Central Asia Why Russia might be warming to China’s presence in Central Asia The prominence of Chinese companies in several of these projects has drawn attention.

Fusion energy startup Inertia Enterprises has raised $450 million to start developing a power plant that hinges on building the world’s most powerful lasers. The Series A funding round was led by Bessemer Venture Partners and includes Threshold Ventures, Long Journey Ventures and GV (formerly Google Ventures). The Livermore, California-based company expects to begin construction in 2030 on a commercial power plant. It also plans to build a facility to make the lasers and a production line to supply millions of tiny pellets made of special materials that they intend to blast to trigger fusion reactions. The scale of the funding reflects the growing interest in fusion, which holds the promise of abundant clean energy but also comes with daunting engineering and physics challenges. The industry attracted more than $9.7 billion in backing through the middle of last year, according to a Fusion Industry Association report released in July. Major deals have continued since then, led by an $863 million funding round announced by Commonwealth Fusion Systems in August. Dozens of companies are pursuing the technology, which involves replicating the conditions at the heart of stars, but none has yet demonstrated a viable commercial system. Read More: How Two Approaches to Nuclear Fusion Could Create Endless Clean Energy There are two main approaches to fusion power plants. Commonwealth is one of the leaders seeking to use powerful magnets to control a super-heated cloud of plasma. Inertia is pursuing a different path, using powerful lasers to set off fusion reactions. That method was validated for the first time in a 2022 breakthrough at Lawrence Livermore National Laboratory. That test used the world’s largest laser to blast a peppercorn-sized capsule. That triggered a fusion reaction with two hydrogen isotopes, releasing more energy than was needed to set it off. Inertia is developing a new laser that Inertia Chief Executive Officer Jeff Lawson said will be a million times mo...

Farage and Anderson’s sums aren’t the only thing that doesn’t add up about their plan to save the great British pub The pint is served roughly. It spills as it lands on the bar, sending a little eddy of suds down the glass, into the lattice of branded rubber matting, a place where neither scrubbing brushes nor a desperate human tongue can penetrate. Typical. My 5p Reform windfall , gone in the clumsy flick of a wrist. I guard the pint carefully as I weave a perilous path to my table, quietly satisfied at pushing another struggling family closer to penury. Still, what is the pub if not a place for letting loose and sidestepping the usual laws of economics? It is surely no accident that Nigel Farage chose a Westminster boozer to launch his latest crime against mathematics last week, promising a £3bn tax relief for the hospitality sector – equivalent to 5p off a pint – to be paid for by the reinstatement of the two-child benefit cap. Jonathan Liew is a Guardian columnist Continue reading...

As Donald Trump redoubled his war of words on the European Union and Nato in recent weeks, a senior state department official, Sarah B Rogers, was publicly attacking policies on hate speech and immigration by ostensible US allies, and promoting far-right parties abroad. Rogers has arguably become the public face of the Trump administration’s growing hostility to European liberal democracies. Since assuming office in October, she has met with far-right European politicians, criticized prosecutions under longstanding hate speech laws, and boasted online of sanctions against critics of hate speech and disinformation on US big tech platforms. Rogers is undersecretary of state for public diplomacy, a top-10 state department role that was created in 1999 to strengthen relationships between the US and foreign publics, as opposed to foreign governments and diplomats. Rogers, however, appears to be concerned with winning over a particular slice of foreign public opinion. Her recent posts on Twitter/X have included a characterization of migrants in Germany as “barbarian rapist hordes”, a comment on Sweden apparently linking sexual violence to immigration policy (“If your government cared about ‘women’s safety,’ it would have a different migration policy”), and the recitation of the view that “advocates of unlimited third world immigration have long controlled a disproportionate share of official knowledge production”. The Guardian emailed Rogers a detailed request for comment on this reporting. On her social media posts, Rogers wrote that “it would be defamatory to call” her post on German migrants “a description of all ‘German migrants.’ Instead, it describes the ones who assaulted hundreds of victims in Cologne,” and that “among the limited vocabulary options, ‘barbarian rapist horde’ is a reasonable way to describe the Cologne attackers–and certainly shouldn’t be illegal to say.” Rogers added that the context for the comment on Sweden was “a series of media engagements in ...

With human sporting dramas fighting for space amid the geopolitics, the Winter Olympics are a reminder that the essence of sport remains noble and valid The Guardian’s sports coverage is different – and shaped by more than just the action on the pitch (or slopes). Help keep it free and independent today by becoming a supporter My kids don’t like sport. Either playing or watching. This isn’t an affectation – my daughter once turned down a ticket to the Women’s World Cup final . We get along fine. But, given my job, it can limit the teatime conversation at home. On Sunday night, however, for a few moments, they accidentally watched the TV as Ilia Malinin of the USA went head-to-head with Shun Sato of Japan to determine who would lead their country to gold in the team figure skating at the Winter Olympics. They were transfixed. Although they know nothing about ice skating – correction, we know nothing about ice skating – it was obvious that Malinin’s flawed, riskier routine would ace the more fluent, more conservative Sato. It did. Continue reading...

Two yellowing street lamps cast a pool of light on the dark road winding into the woods outside Mazée village. This scene is typical for narrow countryside roads in Wallonia in the south of Belgium. “Having lights here is logical,” says André Detournay, 77, who has lived in the village for four decades. “I walk here with my dog and it makes me feel safe and gives me some protection from theft.” Belgium glows like a Christmas decoration at night, as witnessed from space. It is one of the most light-polluted countries in Europe, with the Milky Way scarcely visible except in the most remote areas. But in the coming months, these lamps outside Mazée in the municipality of Viroinval will be turned off permanently as part of a radical project to remove 75 pointless streetlights in this area of Wallonia. View image in fullscreen Jacques Monty dismantles a street lamp. He says his job until now has always been about maintaining lighting. Photograph: Christophe Smets/The Guardian Across Europe, unnecessary lighting is being extinguished, and a key motivation is to protect nature. Over the past decade an increasing amount of research has shown that illuminating night skies is bad for a wide range of species, including insects, birds and amphibians – disrupting their feeding, reproduction and navigation. View image in fullscreen André Detournay says he would need to see evidence of significantly increased biodiversity to support the project. Photograph: Christophe Smets/The Guardian Detournay is not happy. “I am for frogs. I dug two ponds for them,” he says. “But near a village, we need lights. You would have to prove it significantly increased biodiversity here to persuade me otherwise.” The idea for the project was born in 2021. A Wallonia public administrator estimated that 6% of the 8,000 streetlights in the Entre-Sambre-et-Meuse national park – a protected landscape of forests, rivers and wetlands near the French border – were pointless, meaning they were more than 50 met...

Things in Nature Merely Grow Yiyun Li A shattering account of losing two sons In this quietly devastating account of life after the death by suicide of both of her sons, Yiyun Li refuses to use “mourning” or “grieving” because they cannot adequately contain the magnitude of her experience. “My husband and I had two children and lost them both,” she writes, and words can only “fall short”. She begins by laying out the facts. And those facts, raw and precise, are shattering: Vincent died in 2017, aged 16. James died in 2024, aged 19. Vincent, we learn, loved baking and knitting, and did not live long enough to graduate high school. James, a brilliant linguist studying at Princeton, where Li teaches creative writing, took his last Japanese class on a Friday. “Facts, with their logic, meaning, and weight, are what I hold on to,” she writes. Things in Nature Merely Grow is by necessity profoundly sad, but in the act of sharing details of the “abyss” she now inhabits, Li has created something both inclusive and humane. James, with his gentle smile and understated sense of humour, is depicted as a brilliant, autistic, self-contained, somewhat unreachable person who “thought hard: deeply, philosophically, and privately”. Months before his death, he reread Albert Camus’ play Caligula “a bit obsessively”, and watched English, Spanish and Japanese productions of it online. Now, with hindsight, Li homes in on a particular line: “Men die; and they are not happy.” She repeats this phrase, considering it a possible key to James’s thoughts. Li understands that nobody can know the precise reasons a person chooses suicide but, still, she circles back towards the same thoughts: did James “back himself into a corner” through his readings of Camus’ The Myth of Sisyphus and Caligula? Was the decision he made connected to Vincent’s death? Trying to comprehend, Li experiments with painful variants of the refrain: “Children die, and they are not happy”; “Children die, and parents go on livi...

A long call butterfly is entered when a trader thinks a stock will not rise or fall by much between trade initiation and expiration. When using calls, the trade is constructed by buying an in-the-money call, selling two at-the-money calls and buying an out-of-the-money call. The trade is entered for a net debit meaning the trader pays to enter the trade. This debit is also the maximum possible loss. The maximum profit is calculated as the difference between the short and long calls less the premium that you paid for the spread. Let’s take a look at Barchart’s Long Call Butterfly Screener for February 11th: The screener shows some interesting long call butterfly trades on popular stocks such TSLA, AMD , NVDA, GOOG , WMT and PLTR . Let’s take a look at the first line item – a Long Call Butterfly on Tesla. Using the February 20 expiry, the trade would involve buying the $350 strike call, selling two of the $425 strike calls and buying one of the $500 strike calls. The cost for the trade would be $5,400 which is the most the trade could lose. The maximum potential gain is $2,100. The lower breakeven price is $404 and the upper breakeven price is $446. The Risk/Reward Ratio is 2.57 to 1 and the Profit Probability is 55.6%. You will note that this is a very short-term trade, which can be high risk. The Barchart Technical Opinion rating is a 8% Buy with a Weakest short term outlook on maintaining the current direction. AMD Long Call Butterfly Example Let’s take a look at another example, this time on AMD. Also using the February 20 expiry, the trade would involve buying the $165 strike call, selling two of the $212.50 strike calls and buying one of the $260 strike calls. You will note that this is another short-term trade, which can be high risk. The cost for the trade would be $3,390 which is the most the trade could lose. The maximum potential gain is $1,360. The lower breakeven price is $198.90 and the upper breakeven price is $226.10. The Risk / Reward Ratio is 2.49 to...

Homes in Crockett, California, US, on Thursday, Jan. 22, 2026. David Paul Morris | Bloomberg | Getty Images Mortgage rates for conventional loans didn't budge last week, and neither did overall demand, but borrowers are actively seeking other loan products that offer bigger savings. Total mortgage application volume increased 0.3% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $832,750 or less, remained unchanged at 6.21%, with points remaining unchanged at 0.56, including the origination fee, for loans with a 20% down payment. Applications to refinance a home loan rose 1% for the week and were 101% higher than the same week one year ago. Mortgage rates were 74 basis points higher a year ago. Most lenders say if a borrower can save 75 basis points, then the cost of the refinance is worthwhile. Get Property Play directly to your inbox CNBC's Property Play with Diana Olick covers new and evolving opportunities for the real estate investor, delivered weekly to your inbox. Subscribe here to get access today . Applications for a mortgage to purchase a home fell 2% for the week and were just 4% higher year-over-year. Home buyers are still facing a pricey market, and supply is starting to fall again after rising for much of last year. "FHA purchase and refinance applications increased, helped partially by the FHA rate declining and remaining 20 basis points lower than the conforming 30-year fixed rate," said Joel Kan, MBA's vice president and deputy chief economist. "Borrowers are increasingly utilizing FHA loans as affordability challenges remain, despite recent improvements." In addition, the adjustable-rate mortgage (ARM) share of total applications increased to 8%, a seven-week high. ARM rates last week were almost a full percentage point lower than fixed rates. Mortgage rates dropped slightly on Tuesd...

In this article UBER Follow your favorite stocks CREATE FREE ACCOUNT An Uber Eats bag in the Brooklyn borough of New York, US, on Thursday, Jan. 15, 2026. Michael Nagle | Bloomberg | Getty Images Uber Eats is bringing artificial intelligence to your next grocery shopping list. The ride-hailing company said on Wednesday that its food delivery platform is debuting a new AI assistant that lets customers build a shopping cart using text or images, like handwritten grocery lists. Uber is offering the feature through dozens of large retailers, including Safeway, Albertsons and Kroger. The tool accounts for item preferences and store availability and allows users to edit selections, the company said. " Cart Assistant reflects how we think about AI at Uber: starting with real customer needs and building practical solutions within the app," said Praveen Neppalli Naga, Uber's technology, said in a release. "By grounding these features in real user behavior, we can build tools that feel helpful and intuitive." Uber Eats AI assistant. Courtesy: Uber Uber and its rivals in food delivery and ride-hailing have been adding more AI features to enhance their platforms for customers and businesses. In July, Uber launched new tools for restaurants, including AI-powered menu descriptions and customer review summaries. Uber and DoorDash have launched aggressive expansions into grocery delivery, in a direct challenge to Instacart . Both companies started offering the service in 2020 during the height of the Covid pandemic. In recent months, Uber has been introducing more partners, including Aldi and FreshDirect . Last week, the company said it added five new stores . Gross bookings in the delivery business grew 26% from a year earlier to $25.4 billion in the fourth quarter . WATCH: Uber CEO Dara Khosrowshahi on Q4 results watch now VIDEO 6:56 06:56 Uber CEO Dara Khosrowshahi on Q4 results: All metrics of the business continue to be very strong Squawk Box

is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Posts from this author will be added to your daily email digest and your homepage feed. Uber announced a new AI feature called “Cart Assistant” for grocery shopping in its Uber Eats app. The new feature works a couple different ways. You can use text prompts, as you would with any other AI chatbot, to ask it to build a grocery list for you. Or you can upload a picture of your shopping list and ask it to populate your cart with all your favorite items, based on your order history. You can be as generic as you — “milk, eggs, cereal” — and the bot will make a list with all your preferred brands. And that’s just to start out. Uber says in the coming months, Cart Assistant will add more features, including “full recipe inspiration, meal plans, and the ability to ask follow up questions, and expand to retail partners.” Previous Next 1 / 6 Image: Uber But like all chatbots, Uber acknowledges that Cart Assistant may make mistakes, and urges users to double-check and confirm the results before placing any orders. It will also only work at certain grocery stores, with Uber announcing interoperability at launch with Albertsons, Aldi, CVS, Kroger, Safeway, Sprouts, Safeway, Walgreen, and Wegmans. More stores will be added in the future, the company says. Uber has a partnership with OpenAI to integrate Uber Eats into its own suite of apps. But Uber spokesperson Richard Foord declined to say whether the AI company’s technology was powering the new chatbot in Uber Eats. “Cart Assistant draws on publicly available LLM models as well as Uber’s own AI stack,” Foord said in an email. Uber has been racing to add more AI-driven features to its apps, including robotaxis with Waymo and sidewalk delivery robots in several cities. The company also recently revived its AI Labs to collaborate with its partners on building...

RIDGEFIELD, Conn., Feb. 11, 2026 (GLOBE NEWSWIRE) -- The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (the “Company” or “Chefs’”), a premier distributor of specialty food products in the United States, the Middle East, and Canada, today reported financial results for its fourth quarter ended December 26, 2025. Financial highlights for the fourth quarter of 2025: Net sales increased 10.5% to $1.14 billion for the fourth quarter of 2025 from $1.03 billion for the fourth quarter of 2024. GAAP net income was $21.7 million, or $0.50 per diluted share, for the fourth quarter of 2025 compared to $23.9 million, or $0.55 per diluted share, in the fourth quarter of 2024. Adjusted net income per share 1 was $0.68 for the fourth quarter of 2025 compared to $0.55 for the fourth quarter of 2024. was $0.68 for the fourth quarter of 2025 compared to $0.55 for the fourth quarter of 2024. Adjusted EBITDA1 was $80.3 million for the fourth quarter of 2025 compared to $68.2 million for the fourth quarter of 2024. “Business activity and demand remained consistently strong through the fourth quarter amidst a healthy environment for our core upscale-casual to higher-end dining customer base. Our teams, across domestic and international markets, provided excellent product and service amidst a busy holiday season,” said Christopher Pappas, Chairman and Chief Executive of the Company. “During the quarter, we continued growing market share, closing the year with strong year-over-year organic volume growth, unique item placements and new customer acquisition. I would like to thank the entire Chefs’ Warehouse team for their dedication and commitment in delivering a strong 2025 for our team members, our customers and supplier partners, and our shareholders.” Fourth Quarter Fiscal 2025 Results Net sales for the fourth quarter of 2025 increased 10.5% to $1.14 billion from $1.03 billion in the fourth quarter of 2024. Organic sales increased $99.9 million, or 9.7% versus the prior year quarter. Sales growth...

Portfolio Rece ipts of $874 million in Q4 2025 and $3,254 million for FY 2025 Portfolio Receipts growth of 18% in Q4 2025 and 16% for FY 2025 Net cas h provided by operating activities of $827 million in Q4 2025 and $2,490 million for FY 2025 Full year 2026 guidance: Portfolio Receipts expected to be $3,275 million to $3,425 million NEW YORK, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) today reported financial results for the fourth quarter and full year 2025 and introduced full year 2026 guidance for Portfolio Receipts. “We had one of the most remarkable years in Royalty Pharma’s history in 2025,” said Pablo Legorreta, Royalty Pharma’s Chief Executive Officer and Chairman of the Board. “We grew Portfolio Receipts by 16%, driven by the strength of our diversified portfolio, we returned a record amount of capital to shareholders and we deployed $2.6 billion on royalty transactions, including our highest year ever for announced synthetic royalty transactions. Further, we achieved an important milestone with the successful internalization of our external manager. Looking ahead, our deal pipeline remains robust and we anticipate multiple events for our development-stage pipeline in 2026 - including pivotal study results for daraxonrasib, pelacarsen and litifilimab - that could unlock additional value. I am confident 2026 will be another year of exciting progress towards strengthening our leadership position in the rapidly growing royalty market and pursuing our goal to be the premier capital allocator in life sciences with consistent, compounding growth.” Strong double-digit growth in Royalty Receipts and Portfolio Receipts Royalty Receipts grew 17% to $856 million in the fourth quarter and 13% to $3,127 million in 2025, primarily driven by Voranigo, Trelegy, Tremfya and the cystic fibrosis franchise. Portfolio Receipts increased by 18% to $874 million in the fourth quarter and 16% to $3,254 million in 2025. Balanced capital allocation approach d...

MALMÖ, Sweden, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Oatly Group AB (Nasdaq: OTLY) (“Oatly”, the “Company” or the “Group”), the world’s original and largest oat drink company, today announced financial results for the fourth quarter and twelve months ended December 31, 2025. Jean-Christophe Flatin, Oatly’s CEO, commented, “I am proud to report that we drove profitable growth in both the fourth quarter and the full year. Achieving this milestone reflects the disciplined, strategic actions we have taken over the past three years to strengthen the foundation of our entire business. We have right-sized our supply chain and overhead structure while simultaneously reinvesting behind our refreshed growth strategy. We are seeing clear evidence that our strategy is working and driving impact, as we are driving growth in every market where it is fully deployed and seeing good early results in the markets where we are still rolling out our playbook. We are also seeing improved profitability and cash flow across the business.” He continued, “We know that achieving our first full year of profitability is a milestone, not our destination. As we look forward, we expect to accelerate our impact as we continue to execute our growth strategy, drive incremental demand, and deliver even stronger profitable growth. We continue to see significant potential ahead of us, and we are confident that we are taking the right steps to drive durable, scalable, and profitable growth as we execute on our mission.” The tables below reconcile revenue as reported to revenue on a constant currency basis by segment for the three and twelve months ended December 31, 2025 and 2024. (Unaudited) Three months ended December 31, $ Change % Change (in thousands of U.S. dollars) 2025 2024 As reported Foreign exchange impact In constant currency As reported In constant currency Volume Constant currency price/mix Europe & International 133,736 108,462 133,736 9,855 123,881 23.3 % 14.2 % 13.9 % 0.3 % North America 64,...

MALTA, N.Y., Feb. 11, 2026 (GLOBE NEWSWIRE) -- GLOBALFOUNDRIES Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2025. Key Fourth Quarter Financial Highlights Revenue of $1.830 billion Gross margin of 27.8% and Non-IFRS gross margin (1) of 29.0% of 29.0% Operating margin of 13.9% and Non-IFRS operating margin (1) of 18.3% of 18.3% Net income of $200 million and Non-IFRS net income (1) of $310 million of $310 million Diluted earnings per share of $0.36 and Non-IFRS diluted earnings per share (1) of $0.55 of $0.55 Non-IFRS adjusted EBITDA (1) of $641 million of $641 million Ending cash, cash equivalents and marketable securities of $4.0 billion Net cash provided by operating activities of $374 million and Non-IFRS adjusted free cash flow(1) of $264 million Key Full Year 2025 Financial Highlights Revenue of $6.791 billion Gross margin of 24.9% and Non-IFRS gross margin (1) of 26.1% of 26.1% Operating margin of 11.7% and Non-IFRS operating margin (1) of 15.7% of 15.7% Net income of $888 million and Non-IFRS net income (1) $965 million $965 million Diluted earnings per share of $1.59 and Non-IFRS diluted earnings per share (1) of $1.72 of $1.72 Non-IFRS adjusted EBITDA (1) of $2.357 billion of $2.357 billion Year to date net cash provided by operating activities of $1.731 billion and Non-IFRS adjusted free cash flow(1) of $1.157 billion “GF delivered a strong fourth quarter, with revenue, gross margin, operating margin and earnings per share at or above the high end of the guidance ranges,” said Tim Breen, CEO of GF. “As a result of the team’s strong execution, disciplined cost management, and relentless focus on profitability, we grew Non-IFRS gross margin by nearly 400 basis points year-over-year in the fourth quarter. In addition, our recent acquisitions are expanding GF’s capabilities into a diversified, holistic technology solutions provider, and our differentiated technology and footprint...

Returned to revenue growth in 2025 with positive adjusted EBITDA and operating cash flow Successful peak season drives 11% increase in full-year impressions Ended 2025 with ~$25 million in ARR from AIC; Building a more recurring, predictable business model ROSH-HA`AYIN, Israel, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or the “Company”) (Nasdaq: KRNT), a global leader in sustainable, on-demand, digital fashion and textile production, today reported financial results for the fourth quarter and full year ended December 31, 2025. The results reflect Kornit’s progress in accelerating digital adoption in mass apparel production, expanding recurring revenues under the Company’s All-Inclusive Click (AIC) model, and strengthening its industry leadership position by replacing traditional screen printing with agile, on-demand digital solutions. “The fourth quarter capped a year of disciplined execution. We returned to full-year revenue growth, achieved positive adjusted EBITDA, and generated strong operating cash flow,” said Ronen Samuel, Chief Executive Officer of Kornit Digital. “A successful peak season helped drive full year impressions growth of 11%, demonstrating higher utilization across our installed base and increased adoption of digital production for longer runs. We exited the year with approximately $25 million in Annualized Recurring Revenue (ARR) from our All-Inclusive Click (AIC) program, and $15 million in AIC revenue for the full year, underscoring accelerating customer adoption.” Mr. Samuel concluded, “We are entering 2026 with a growing pipeline of opportunities, and better visibility for the year. We expect to unveil breakthrough innovations this year designed to expand our addressable markets, accelerate digital adoption, and enable our customers to capture new growth opportunities. Our priorities remain clear: driving incremental impressions from the screen market, expanding the AIC program, and $15 million in AIC revenue for the fu...

Municipality Finance Plc Financial Statements Bulletin 11 February 2026 at 2:00 pm (EET) Municipality Finance Plc Financial Statements Bulletin 1 January–31 December 2025 In brief: MuniFin Group in 2025 The Group’s net operating profit excluding unrealised fair value changes* decreased by 1.5% (+2.9%) in January–December and amounted to EUR 178 million (EUR 181 million). Net interest income* was at the same level as in the year before and totalled EUR 260 million (EUR 260 million). Higher expenses compared to the comparison period weakened the net operating profit excluding unrealised fair value changes. Net operating profit* amounted to EUR 193 million (EUR 166 million). Unrealised fair value changes amounted to EUR 14 million (EUR -16 million) in the financial year. Unrealised fair value changes were influenced in particular by changes in market rates and credit risk spreads in the Group’s main funding markets. Costs* in the financial year amounted to EUR 86 million (EUR 81 million). Expenses increased mainly due to the rise in HR and administrative costs as well as in commission fee expenses. The Group’s leverage ratio remained at a strong level, standing at 13.1% (12.3%) at the end of December. At the end of December, the Group’s CET1 capital ratio was very strong at 94.0% (107.7%). The ratio was pulled down by the new CRR III regulation that was applied on 1 January 2025, resulting in a decline in the capital ratio approximately by 10 percentage points, mainly due to the increase in credit valuation adjustment risk (CVA VaR). The Group’s CET1 capital ratio was nevertheless over six times the required minimum of 15.1% (15.0%), taking capital buffers into account. Long-term customer financing (long-term loans and leased assets) excluding fair value changes* totalled EUR 38,510 million (EUR 35,787 million) at the end of December and saw an increase of 7.6% (8.6%). New long-term customer financing* increased by 0.6% (17.1%) in January–December 2025 and amounted to ...