Republicans join Democrats in objecting to national emergency US president declared to impose tariffs The US House on Wednesday voted to rescind tariffs that Donald Trump imposed on Canada last year, a rare bipartisan rebuke of the White House’s trade policy as the president threatened electoral retaliation against any Republican who defied him. The largely symbolic resolution to disapprove of the...
Republicans join Democrats in objecting to national emergency US president declared to impose tariffs The US House on Wednesday voted to rescind tariffs that Donald Trump imposed on Canada last year, a rare bipartisan rebuke of the White House’s trade policy as the president threatened electoral retaliation against any Republican who defied him. The largely symbolic resolution to disapprove of the national emergency Trump declared to impose tariffs on Canada passed 219 to 211, with six Republicans – Don Bacon of Nebraska, Thomas Massie of Kentucky, Brian Fitzpatrick of Pennsylvania, Kevin Kiley of California, Dan Newhouse of Washington and Jeff Hurd of Colorado – voting with all Democrats except Jared Golden of Maine, who voted against it. Continue reading...
Key Points FSTA charges a much lower expense ratio and manages over five times the assets of RSPS. RSPS delivered a higher one-year return, but FSTA has shown a smaller five-year drawdown. Both ETFs offer pure-play exposure to consumer staples, but FSTA is more concentrated in mega-cap names 10 stocks we like better than Fidelity Covington Trust - Fidelity Msci Consumer Staples Index ETF › The Fid...
Key Points FSTA charges a much lower expense ratio and manages over five times the assets of RSPS. RSPS delivered a higher one-year return, but FSTA has shown a smaller five-year drawdown. Both ETFs offer pure-play exposure to consumer staples, but FSTA is more concentrated in mega-cap names 10 stocks we like better than Fidelity Covington Trust - Fidelity Msci Consumer Staples Index ETF › The Fidelity MSCI Consumer Staples Index ETF (NYSEMKT:FSTA) and the Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEMKT:RSPS) both target U.S. consumer staples stocks, but they take different approaches. FSTA tracks a market-cap-weighted index, heavily favoring the sector’s largest players, while RSPS equally weights all S&P 500 consumer staples constituents. This comparison unpacks cost, returns, risk, and portfolio makeup to help investors weigh which approach aligns with their goals. Snapshot (cost & size) Metric RSPS FSTA Issuer Invesco Fidelity Expense ratio 0.40% 0.08% 1-yr return (as of Feb. 11, 2026) 12.60% 8.73% Dividend yield 2.63% 2.18% AUM $250 million $1.4 billion Beta (5Y monthly) 0.61 0.64 FSTA is notably more affordable on fees, with a much lower expense ratio. RSPS edges out FSTA on yield, however, which could appeal to those looking for greater dividend income. Performance & risk comparison Metric RSPS FSTA Max drawdown (5 y) -18.61% -16.57% Growth of $1,000 over 5 years $1,081 $1,380 What's inside FSTA tracks the MSCI USA IMI Consumer Staples 25/50 Index and holds 96 stocks, offering broad exposure to the consumer defensive sector. Its top holdings — Costco Wholesale, Walmart, and Procter & Gamble — make up over a third of the fund, reflecting a heavy concentration in household names. FSTA was launched over 12 years ago, supporting its credibility as a core sector ETF. RSPS, by contrast, strictly sticks to S&P 500 consumer staples stocks, allocating equal weight to 36 holdings. This equal-weighting approach reduces single-stock risk but increases exposure...
Clear Street Group Inc. ’s initial public offering is facing investor pushback on its targeted valuation ahead of the expected pricing Thursday, according to people familiar with the matter. The broker is seeking a listing that, at the top of the $40 to $44 per share price range, would give it a market value of around $12 billion, based on the number of shares outstanding in its filings with the U...
Clear Street Group Inc. ’s initial public offering is facing investor pushback on its targeted valuation ahead of the expected pricing Thursday, according to people familiar with the matter. The broker is seeking a listing that, at the top of the $40 to $44 per share price range, would give it a market value of around $12 billion, based on the number of shares outstanding in its filings with the US Securities and Exchange Commission. Some investors that have been approached balked at that figure, the people said, asking not to be identified as the information isn’t public. Goldman Sachs Group Inc. , Bank of America Corp. , Morgan Stanley and UBS Group AG are underwriting the offering, along with Clear Street themselves. The IPO was well oversubscribed and the banks were set to stop taking orders on Wednesday, people familiar with the matter said earlier. Deliberations are ongoing, no final decisions have been made and Clear Street could seek a lower valuation in the IPO, the people said. Representatives for Goldman Sachs and Clear Street declined to comment. For the latest news on equity capital markets activity in the US, Canada and Latin America, follow the channel or visit NI BFWECMUS. To subscribe to ECM Watch, Bloomberg’s daily roundup of news from around the region, click here. The company has been making a case to prospective IPO investors that its cloud computing technology is better to trade on than the aging infrastructure that powers banks and other rivals. Read More: Broker Clear Street’s IPO Pitch Is Taking On Aging Finance Tech Clear Street expects to report net income of $220 million to $236 million for the year ended Dec. 31, up as much as 165% from $89 million in calendar 2024, according to the IPO filings.
Ukrainian president says security guarantees must first be in place as he pushes back at suggestions he plans to hold poll under US pressure. What we know on day 1,450 Ukraine will hold elections only once it has security guarantees in place and a ceasefire with Russia, Volodymyr Zelenskyy has said , pushing back at suggestions he is planning to stage fresh ballots under US pressure. “We will move...
Ukrainian president says security guarantees must first be in place as he pushes back at suggestions he plans to hold poll under US pressure. What we know on day 1,450 Ukraine will hold elections only once it has security guarantees in place and a ceasefire with Russia, Volodymyr Zelenskyy has said , pushing back at suggestions he is planning to stage fresh ballots under US pressure. “We will move to elections when all the necessary security guarantees are in place,” the Ukrainian president told reporters on Wednesday in a voice note. “I have said it’s very simple to do: establish a ceasefire, and there will be elections.” He also said that if Russia agreed, it might be possible to “end hostilities by summer”. Elections in Ukraine have been effectively suspended since Russia invaded in 2022 due to martial law. Senior Ukrainian officials agreed on Wednesday to boost air defence capabilities around the capital to counter possible further Russian air attacks on energy infrastructure, the energy minister said. “We also identified and prioritised other critical infrastructure facilities that require protection,” Denys Shmyhal said on Telegram on Wednesday after a meeting of the military staff. The fresh preparations follow attacks on Kyiv that have left officials scrambling to repair damage that has left thousands in the cold and darkness. Russian strikes killed four civilians on Wednesday in different localities in Ukraine’s south-eastern Dnipropetrovsk region , the regional governor said. The attacks occurred in three small localities near the town of Synelnykove, east of the regional centre of Dnipro, Oleksandr Ganzha said on Telegram. In one attack, a man was killed and his wife wounded. In a different locality, a couple and their 45-year-old son was killed and a man wounded. A woman was hurt in a third village. Zelenskyy said the US needed to put more pressure on Russia if it wanted the war to end by summer , adding it is unclear whether Moscow would attend US-broke...
Live cattle futures saw Wednesday gains of 40 to 70 cents in the front months. Cash trade has been slow this week, with light sales at $213 in the north reported by the USDA. The Central Stockyards Fed Cattle Exchange online auction showed no sales on the 1,328 head listed and bids of $205-208.50. Feeder cattle futures saw gains of $1 to $1.50 in most contracts, with March slipping 17 cents ahead ...
Live cattle futures saw Wednesday gains of 40 to 70 cents in the front months. Cash trade has been slow this week, with light sales at $213 in the north reported by the USDA. The Central Stockyards Fed Cattle Exchange online auction showed no sales on the 1,328 head listed and bids of $205-208.50. Feeder cattle futures saw gains of $1 to $1.50 in most contracts, with March slipping 17 cents ahead of Thursday’s expiration. The CME Feeder Cattle Index was back down 35 cents on March 25, with the average price at $286.90. USDA’s National Wholesale Boxed Beef report was higher on Wednesday afternoon, as the Chc/Sel widened to $21.77. Choice boxes were up $3.11 at $338.30/cwt, with Select up $2.48 to $316.53. Wednesday’s Federally inspected cattle slaughter was estimated at 123,000 head by USDA, taking the week to date total to 366,000 head. That is 40,000 head above the previous week’s weather driven slowdown and up 2,968 head from the same week last year. Commodity Bulletin: Apr 25 Live Cattle closed at $207.075, up $0.700, Jun 25 Live Cattle closed at $203.025, up $0.700, Aug 25 Live Cattle closed at $199.350, up $0.475, Mar 25 Feeder Cattle closed at $286.800, down $0.175, Apr 25 Feeder Cattle closed at $285.875, up $1.025, May 25 Feeder Cattle closed at $285.175, up $1.050, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Lean hog futures closed the Wednesday session with contracts down 55 cents to $1.65, with nearby February up a nickel. USDA’s national base hog price was reported at $88.17 on Wednesday afternoon, up 43 cents from the day prior. The CME Lean Hog Index was 14 cents lower on Feb 6 at $86.32. USDA’s pork carcass cutout value from Wednesday afternoon report was $1.69 lower at $93.77 per cwt. The loin ...
Lean hog futures closed the Wednesday session with contracts down 55 cents to $1.65, with nearby February up a nickel. USDA’s national base hog price was reported at $88.17 on Wednesday afternoon, up 43 cents from the day prior. The CME Lean Hog Index was 14 cents lower on Feb 6 at $86.32. USDA’s pork carcass cutout value from Wednesday afternoon report was $1.69 lower at $93.77 per cwt. The loin was the only primal reported higher. USDA estimated federally inspected hog slaughter for Wednesday at 495,000 head, with the week to date total at 1.474 million head. That was 63,000 head above last week and 10,047 head above the same week last year. Don’t Miss a Day: Feb 26 Hogs closed at $86.900, up $0.050, Apr 26 Hogs closed at $93.850, down $1.650 May 26 Hogs closed at $98.025, down $1.500, More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Soybeans pulled out of the Wednesday session with gains of 2 ¼ to 5 cents across the board at the close. Soymeal futures helped out with gains of $2.30 to $2.90/ton. Soy Oil futures saw losses of 21 to 53 points across the board on the day. The weekly Export Sales report is expected to show new crop soybean sales of 900,000 MT to 1.6 MMT for the week that ended on September 5. Soybean meal sales a...
Soybeans pulled out of the Wednesday session with gains of 2 ¼ to 5 cents across the board at the close. Soymeal futures helped out with gains of $2.30 to $2.90/ton. Soy Oil futures saw losses of 21 to 53 points across the board on the day. The weekly Export Sales report is expected to show new crop soybean sales of 900,000 MT to 1.6 MMT for the week that ended on September 5. Soybean meal sales are estimated in a range of 200,000 to 650,000 MT in that week, with bean oil bookings seen totaling 0 to 20,000 MT. Thursday’s WASDE on report is expected to show US old crop carryout projections with a slight drop, as a Bloomberg average of analysts’ is at 343 mbu. New crop stocks are expected to be raised with the increase of projection, by 8 mbu to 568 mbu. The world ending stocks projection for the 2024/25 crop is pegged at 134 MMT, down 0.3 MMT from last month if realized. Sep 24 Soybeans closed at $9.79 3/4, up 2 1/4 cents, Nearby Cash was $9.39 1/8, up 4 1/2 cents, Nov 24 Soybeans closed at $10.00 1/2, up 3 1/4 cents, Mar 25 Soybeans closed at $10.34, up 4 cents, New Crop Cash was $9.39 1/8, up 4 1/2 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The wheat complex found some strength on Wednesday. Chicago SRW futures closed out the session with strength as front months were up 5 to 9 cents. KC HRW futures were up 5 to 8 cents on Wednesday. MPLS spring wheat was 2 to 4 ¼ cents higher on the session. Export Sales data from USDA will be out on Thursday morning, with traders looking for between 200,000 and 500,000 MT in old crop wheat bookings...
The wheat complex found some strength on Wednesday. Chicago SRW futures closed out the session with strength as front months were up 5 to 9 cents. KC HRW futures were up 5 to 8 cents on Wednesday. MPLS spring wheat was 2 to 4 ¼ cents higher on the session. Export Sales data from USDA will be out on Thursday morning, with traders looking for between 200,000 and 500,000 MT in old crop wheat bookings in the week of February 5. Sales for new crop are estimated to range 0-75,000 MT. Don’t Miss a Day: French soft wheat exports outside the EU are estimated at 7.2 MMT for 2025/26 according to FrancAgriMer data released this morning, down 0.3 MMT from the January number. They estimate the French wheat ending stocks at 3.05 MMT, up 0.25 MMT last month. Mar 26 CBOT Wheat closed at $5.37 1/4, up 9 cents, May 26 CBOT Wheat closed at $5.45 1/4, up 7 1/4 cents, Mar 26 KCBT Wheat closed at $5.38 1/2, up 8 cents, May 26 KCBT Wheat closed at $5.51 3/4, up 7 3/4 cents, Mar 26 MIAX Wheat closed at $5.70 1/4, up 2 cents, May 26 MIAX Wheat closed at $5.82, up 2 1/2 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Cotton futures closed out the Wednesday session with gains of 11 to 40 points. Crude oil futures were down $0.94 per barrel on the day at $64.90. The US dollar index was down $0.130 to $96.805. The Seam showed sales on 10,876 bales sold on 2/10, averaging 57.48 cents/lb. The Cotlook A Index was back up 75 points on Tuesday at 73.30 cents. ICE certified cotton stocks were up another 3,938 bales Feb...
Cotton futures closed out the Wednesday session with gains of 11 to 40 points. Crude oil futures were down $0.94 per barrel on the day at $64.90. The US dollar index was down $0.130 to $96.805. The Seam showed sales on 10,876 bales sold on 2/10, averaging 57.48 cents/lb. The Cotlook A Index was back up 75 points on Tuesday at 73.30 cents. ICE certified cotton stocks were up another 3,938 bales February 10, with the certified stocks level at 99,096 bales. The Adjusted World Price for the current week is 49.78 cents/lb. It will be updated on Thursday. Don’t Miss a Day: Mar 26 Cotton closed at 61.99, up 40 points, May 26 Cotton closed at 64.04, up 26 points, Jul 26 Cotton closed at 65.69, up 21 points More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Corn futures closed the midweek session with contracts down fractionally to 1 ½ cents in the nearbys. New crop contracts saw 1 to 2 ¼ cent gains. The CmdtyView national average Cash Corn price was down 1 1/4 cents at $3.94. The average close for December futures in February has been $4.58, as the base spring price for crop insurance is underway. Last year it was $4.70. Don’t Miss a Day: USDA repor...
Corn futures closed the midweek session with contracts down fractionally to 1 ½ cents in the nearbys. New crop contracts saw 1 to 2 ¼ cent gains. The CmdtyView national average Cash Corn price was down 1 1/4 cents at $3.94. The average close for December futures in February has been $4.58, as the base spring price for crop insurance is underway. Last year it was $4.70. Don’t Miss a Day: USDA reported a private export sale of 230,560 MT of corn to unknown destinations this morning. Export Sales data will be out on Thursday morning, with traders looking for between 0.6-1.1 MMT of 2025/26 corn sold in the week of 2/5. Sales for 2026/27 are seen 0-100,000 MT in that week. EIA showed ethanol production bouncing 154,000 barrels per day in the week ending on February 13 to 1.11 million barrels per day. Ethanol stocks were up 111,000 barrels to 25.247 million barrels. Exports did slip back 79,000 barrels per day to 137,000 bpd, with refiner inputs up 50,000 bpd to 841,000 bpd. Mar 26 Corn closed at $4.27 1/2, down 1 1/4 cents, Nearby Cash was $3.94, down 1 1/4 cents, May 26 Corn closed at $4.36 1/2, down 3/4 cent, Jul 26 Corn closed at $4.44 1/4, down 1/2 cent, More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
By David Jeans and Deepa Seetharaman Feb 11 (Reuters) - The Pentagon is pushing the top AI companies including OpenAI and Anthropic to make their artificial-intelligence tools available on classified
By David Jeans and Deepa Seetharaman Feb 11 (Reuters) - The Pentagon is pushing the top AI companies including OpenAI and Anthropic to make their artificial-intelligence tools available on classified
Earnings Call Insights: Redwood Trust (RWT) Q4 2025 Management View CEO Christopher Abate highlighted that "fourth quarter 2025 capped a year of meaningful progress for Redwood, marked by record mortgage banking activity, improved capital efficiency and a more durable earnings profile." He announced, "For the full year, our 3 operating platforms, Sequoia, CoreVest and Aspire generated $23 billion ...
Earnings Call Insights: Redwood Trust (RWT) Q4 2025 Management View CEO Christopher Abate highlighted that "fourth quarter 2025 capped a year of meaningful progress for Redwood, marked by record mortgage banking activity, improved capital efficiency and a more durable earnings profile." He announced, "For the full year, our 3 operating platforms, Sequoia, CoreVest and Aspire generated $23 billion of volume, the highest in our company's history." Abate emphasized a strategic shift: "over 80% now invested in core operating and related activities at year-end 2025, up from 57% in 2024," and noted further acceleration in winding down the legacy investment portfolio, freeing capital for redeployment. He referenced the launch of the Aspire branded securitization platform, with the inaugural issuance expected in the coming weeks, and stated, "Based on the progress we have made to date, we expect core operating performance to drive consolidated earnings above our common dividend in 2026, enabling earnings retention and reinvestment to help fund organic growth." President Dashiell Robinson reported, "Sequoia locked $5.3 billion of loans, a 5% increase from the third quarter and up 130% from the fourth quarter of 2024," and estimated the company’s 2025 jumbo market share at approximately 7%. He commented, "Distribution also remains a core differentiator, driving fourth quarter margins up nearly 40% sequentially from Q3." Robinson highlighted, "Aspire locked a record $1.5 billion of loans during the fourth quarter, a 20% sequential increase," and CoreVest volumes for the year were up 13% versus 2024, driven by a shift to smaller balance products. CFO Brooke Carillo stated, "For the fourth quarter, we reported GAAP net income of $18.3 million or $0.13 per share compared to a GAAP loss of $9.5 million or $0.08 per share in the third quarter." She added, "On a non-GAAP basis, consolidated earnings available for distribution, or EAD, increased from $0.01 in Q3 to $0.20 in Q4 and ex...
Earnings Call Insights: Cisco Systems, Inc. (CSCO) Q2 2026 Management View Charles Robbins, Chairman & CEO, stated that "Q2 was a very strong quarter with revenue and earnings per share both growing double digits and coming in above the high end of our guidance ranges." He highlighted record revenue in Q2, with total revenue growth accelerating to 10% year-over-year and product revenue up 14%, dri...
Earnings Call Insights: Cisco Systems, Inc. (CSCO) Q2 2026 Management View Charles Robbins, Chairman & CEO, stated that "Q2 was a very strong quarter with revenue and earnings per share both growing double digits and coming in above the high end of our guidance ranges." He highlighted record revenue in Q2, with total revenue growth accelerating to 10% year-over-year and product revenue up 14%, driven by demand for AI infrastructure and Campus networking solutions. Robbins announced an increase to Cisco's dividend and emphasized the company's position as a critical infrastructure provider for the AI era. Robbins addressed market-wide memory price increases, stating, "Leveraging our industry-leading supply chain team, we are proactively implementing 3 key strategies: First, we have already announced price increases, and we'll continue to monitor market trends and make additional adjustments as necessary. Second, we are revising contractual terms with channel partners and customers to address evolving component prices. Third, Cisco's operating scale and industry-leading position help us negotiate favorable terms and secure supply to fulfill current and future demand." Robbins noted, "AI infrastructure orders taken from hyperscalers totaled $2.1 billion in Q2 compared to $1.3 billion just last quarter and equal to the total orders taken in all of fiscal year '25, marking another significant acceleration in growth across our silicon, systems and optics." He also stated, "Given the strong demand for our Silicon One systems and optics, we now expect to take AI orders in excess of $5 billion and to recognize over $3 billion in AI infrastructure revenue from hyperscalers in FY '26." Mark Patterson, Executive VP & CFO, said, "We delivered another strong quarter with record revenue in Q2 and both operating margin and earnings per share coming in above the high end of our guidance. For the quarter, total revenue was $15.3 billion, up 10% year-over-year. Non-GAAP net income was ...
SlavkoSereda/iStock via Getty Images Crude oil futures extended gains Wednesday, as concerns over developments between the U.S. and Iran outweighed a weekly report showing a large increase in U.S. crude inventories. The Wall Street Journal reported the Pentagon has told a second aircraft carrier strike group to prepare to deploy to the Middle East, which followed an earlier WSJ report that the Tru...
SlavkoSereda/iStock via Getty Images Crude oil futures extended gains Wednesday, as concerns over developments between the U.S. and Iran outweighed a weekly report showing a large increase in U.S. crude inventories. The Wall Street Journal reported the Pentagon has told a second aircraft carrier strike group to prepare to deploy to the Middle East, which followed an earlier WSJ report that the Trump administration is considering seizing tankers carrying Iranian crude. President Trump also said nothing definitive was decided during his meeting with Israeli Prime Minister Netanyahu on Wednesday but reiterated that negotiations with Iran toward a nuclear deal would continue. "The market continues to be supported by the tension between the U.S. and Iran and the on-again, off-again talks that don't seem to lead to any resolution," Lipow Oil President Andrew Lipow said in a note. Tempering the day's gains was a surprisingly large build in U.S. crude oil stocks last week to the highest level since June, as production recovered from winter storm disruptions, imports rose, and U.S. exports fell, according to the Energy Information Administration. Commercial crude oil stocks excluding the Strategic Petroleum Reserve rose by 8.5M barrels to 428.8M barrels in the week ended February 6 and were 3% below the five-year average for the time of year, gasoline inventories rose by 1.2M barrels to 259.1M barrels and were 4% above the five-year average, and distillate fuel stocks fell by 2.7M barrels to 124.7M barrels and came in 4% below the five-year average. Oil prices also were supported after U.S. job growth unexpectedly accelerated in January and the unemployment rate fell to 4.3%, the Labor Department reported, brightening the outlook for the domestic economy. Front-month Nymex crude ( CL1:COM ) for March delivery closed +1% to $64.63/bbl, and front-month Brent crude ( CO1:COM ) for April delivery ended +0.9% to $69.40/bbl, the best settlement for both benchmarks in a week. U.S. ...
Earnings Call Insights: AMC Networks (AMCX) Q4 2025 Management View Kristin Dolan, Chief Executive Officer, highlighted that "streaming is now our largest single source of domestic revenue. This is a validation of our strategy and an important milestone in our business transformation." She reported that AMC Networks generated $272 million in free cash flow, exceeding the previously increased forec...
Earnings Call Insights: AMC Networks (AMCX) Q4 2025 Management View Kristin Dolan, Chief Executive Officer, highlighted that "streaming is now our largest single source of domestic revenue. This is a validation of our strategy and an important milestone in our business transformation." She reported that AMC Networks generated $272 million in free cash flow, exceeding the previously increased forecast, and expects "2026 will represent another solid year on this front and anticipate free cash flow of at least $200 million for the full year." Dolan described the launch of All Reality, a new targeted streaming service, and the relaunch of Sundance Now as the streaming home for independent film, both designed to expand content offerings and capture niche audiences. She emphasized the strong performance of HIDIVE and Acorn TV, as well as the company's reorientation of the advertising business toward streaming, FAST, and AVOD, with growth observed in each area in 2025. Dolan announced the acquisition of full ownership of RLJ Entertainment and a new partnership with TNA Wrestling, which has expanded AMC's audience and attracted younger viewers. She also noted that AMC Networks renewed more than one-third of its affiliate footprint in the U.S. and Canada on favorable terms. Dolan recognized the contributions of CFO Patrick O’Connell, who will be stepping down next month. Patrick O’Connell, Executive VP & CFO, stated: "We generated healthy free cash flow, exceeding our increased outlook, and we once again delivered on our financial guidance. We believe our strong free cash flow outperformance in 2025 sets the stage for another year of robust cash generation. And for 2026, we expect to generate free cash flow of at least $200 million." Outlook The company expects consolidated revenue for 2026 to be approximately $2.25 billion. O’Connell said, "We anticipate that streaming revenue growth and linear subscription revenue headwinds will result in stable domestic operations subscri...