10am: Dow opens higher, Nasdaq dips US stocks have made another uneven start. The Dow Jones and S&P 500 have opened 0.4% and 0.2% higher, but the Nasdaq has slumped into the red after a slightly positive start. Bigger losers on the Nasdaq include Applovin falling 13.5%, Cisco down...
10am: Dow opens higher, Nasdaq dips US stocks have made another uneven start. The Dow Jones and S&P 500 have opened 0.4% and 0.2% higher, but the Nasdaq has slumped into the red after a slightly positive start. Bigger losers on the Nasdaq include Applovin falling 13.5%, Cisco down...
C3 AI (NYSE: AI) offers massive upside tied to federal momentum and major partnerships, but investors still need proof of discipline and execution before the stock can truly rebound. Stock prices used were the market prices of Feb. 6, 2026. The video was published on Feb. 11, 2026. Continue reading
C3 AI (NYSE: AI) offers massive upside tied to federal momentum and major partnerships, but investors still need proof of discipline and execution before the stock can truly rebound. Stock prices used were the market prices of Feb. 6, 2026. The video was published on Feb. 11, 2026. Continue reading
CMA and Ofcom to examine DMGT takeover amid fears merger could curb ‘diverging editorial stances’ in press Lisa Nandy, the culture secretary, has referred the Telegraph’s proposed sale to the publisher of the Daily Mail to the competition and media watchdogs, weeks after she raised concerns about the consolidation of rightwing newspapers. Nandy said she was using her powers to refer the £500m deal...
CMA and Ofcom to examine DMGT takeover amid fears merger could curb ‘diverging editorial stances’ in press Lisa Nandy, the culture secretary, has referred the Telegraph’s proposed sale to the publisher of the Daily Mail to the competition and media watchdogs, weeks after she raised concerns about the consolidation of rightwing newspapers. Nandy said she was using her powers to refer the £500m deal for the Telegraph titles, which include the Daily Telegraph and its Sunday sister paper, to the Competition and Markets Authority (CMA) and media regulator Ofcom. Continue reading...
shcherbak volodymyr/iStock via Getty Images Ondas Inc. ( ONDS ) is in a phase of transition from R&D to early commercial traction, backed by recent funding that improves its runway significantly. At this stage of growth, rapid growth revisions are a very bullish sign, and inroads in autonomous and counter-drone use cases are promising and sticky once established. That profile makes it a great grow...
shcherbak volodymyr/iStock via Getty Images Ondas Inc. ( ONDS ) is in a phase of transition from R&D to early commercial traction, backed by recent funding that improves its runway significantly. At this stage of growth, rapid growth revisions are a very bullish sign, and inroads in autonomous and counter-drone use cases are promising and sticky once established. That profile makes it a great growth bet with a high-risk, high-reward setup. I feel the focus now should be on the next few quarters showing further traction and revenue upgrades. On that front, what we have to date looks good for a risk-aware Buy call. Hence, I am willing to underwrite profitability concerns that should only become a discussion point after installations scale (not a 2026 topic). Valuation Discussion Early - Monitor Growth With an EV of ~$3.68b and 2026 revenue targets of $175m at the midpoint, the forward EV to revenue ratio works out to be ~21x. This may screen as expensive whichever way we look at it. Seeking Alpha notes the sector median as ~3.2x, but the range is expectedly high today in defense and drone stocks, so it is difficult to pinpoint the level of potential excess here. Legacy defense stocks often have EV to forward revenue of 2-3x (say Lockheed Martin). Mid-tier high-growth drone companies (say AeroVironment) command valuations even higher – upward of 5x EV to forward revenue. High growth tech (like Kratos) can command even higher multiples in double-digit EV-to-forward-revenue ratio terms. The biggest question that helps the Ondas Buy thesis is how well the premium is supported by a tangible platform developed and how strong the initial moat signals are. And that answers growth potential alongside the valuation premiums (a lesser concern in early-stage defense tech). Ondas is not a single product drone developer; it is assembling a multi-layer defense system spanning counter-UAS (for detection and interception), autonomous ISR drones, ground robotics, and a command and cont...
She's done it again. Jessie Diggins, age 34 and skiing in her final Olympics, captured a bronze medal for the U.S. at the Milan Cortina Games. She battled through the pain from injured ribs to reach the podium. (Image credit: TOBIAS SCHWARZ)
She's done it again. Jessie Diggins, age 34 and skiing in her final Olympics, captured a bronze medal for the U.S. at the Milan Cortina Games. She battled through the pain from injured ribs to reach the podium. (Image credit: TOBIAS SCHWARZ)
spooh/E+ via Getty Images Howmet Aerospace ( HWM ) posted fourth-quarter results that beat Wall Street expectations, helped by strength in commercial aerospace and defense, sending the jet parts maker’s shares up more than 10% Thursday morning to a 52-week high. Revenue and profit top expectations Howmet ( HWM ) reported fourth-quarter revenue of $2.2 billion, up 15% from a year earlier and ahead ...
spooh/E+ via Getty Images Howmet Aerospace ( HWM ) posted fourth-quarter results that beat Wall Street expectations, helped by strength in commercial aerospace and defense, sending the jet parts maker’s shares up more than 10% Thursday morning to a 52-week high. Revenue and profit top expectations Howmet ( HWM ) reported fourth-quarter revenue of $2.2 billion, up 15% from a year earlier and ahead of the consensus estimate of $2.13 billion. Net income rose to $372 million, or $0.92 a share, from $314 million, or $0.77 a share. Adjusted earnings were $1.05 a share, up from $0.74 a share a year earlier and above the consensus estimate of $0.97 a share. Margins improve on an adjusted basis Operating income increased 10% to $489 million, though operating margin slipped 90 basis points to 22.6%. Adjusted operating income climbed 34% to $580 million, with adjusted operating margin expanding 380 basis points to 26.8%. Adjusted earnings before interest, taxes, depreciation and amortization rose 29% to $653 million, with adjusted ebitda margin improving 330 basis points to 30.1%. Cash generation and capital deployment Howmet ( HWM ) generated $654 million of cash from operations in the quarter and reported free cash flow of $530 million. The company repurchased $200 million of stock in the period and paid a quarterly dividend of $0.12 a share. For full-year 2025, Howmet ( HWM ) said it produced $1.9 billion of operating cash flow and $1.4 billion of free cash flow, while deploying $700 million for share repurchases and reducing debt by about $265 million. 2026 guidance points to continued growth For the first quarter, Howmet ( HWM ) forecast revenue of $2.225 billion to $2.245 billion, compared with the consensus forecast of $2.17 billion, and adjusted EPS of $1.09 to $1.11, compared with the analyst estimate of $1.02. For full-year 2026, Howmet ( HWM ) expects revenue of $9.0 billion to $9.2 billion, ahead of the analyst estimate of $9.14 billion, and adjusted EPS of $4.35 t...
Welcome to Bloomberg’s Banking Monitor . Every Thursday we’ll deliver you the top news of the global banking industry with emerging trends, winners and losers and market opportunities. Sign up now if you’re not already on the list. Never mind. In a nutshell, that’s the retroactive guidance from the Federal Reserve to bankers regarding some of its previously issued confidential orders to fix defici...
Welcome to Bloomberg’s Banking Monitor . Every Thursday we’ll deliver you the top news of the global banking industry with emerging trends, winners and losers and market opportunities. Sign up now if you’re not already on the list. Never mind. In a nutshell, that’s the retroactive guidance from the Federal Reserve to bankers regarding some of its previously issued confidential orders to fix deficiencies. To be sure, the central bank isn’t letting all bygones be bygones — the more serious matters will still get serious attention. But it’s a sign that years of complaints by lenders about over-regulation are having some effect under the supervision of Vice Chair Michelle Bowman. Amid the broader US deregulatory push, Commerzbank’s leader is urging European authorities to keep up so the continent’s banks aren’t left hobbled. The news on comp was mostly upbeat. Barclays boosted its bonus pool to the highest in at least five years. Payouts rose at JPMorgan and Goldman Sachs, too, and UBS is hiring in Hong Kong after a record year. Even one of America’s most prominent socialists benefited from capitalism’s big surge, with Wall Street bonuses cutting $5 billion from the budget hole that New York City Mayor Zohran Mamdani has to fill. But bankers, check your six: Apollo Global Management has set a lending record in its push to rival Wall Street lenders. Finance is already a hard business, and now Black bankers face a rougher ride with the dismantling of DEI programs . Artificial intelligence is coming next for ... you fill in the blank. This week it was wealth managers . The Monitor, for one, doubts that an AI bot can hand-hold distraught clients when other AI bots drive the market into its next annual once-in-a-lifetime convulsion. Columnist Paul J. Davies expresses some similarly sardonic skepticism . All this might make you fret about your own career prospects, but AI is A-OK with junior bankers because for them, using the technology is already second nature. — Rick Green...
China on Thursday reduced tariffs on European Union dairy imports worth over US$500 million, in the final ruling of an 18-month anti-dumping investigation started in response to the bloc’s duties on Chinese electric vehicles. The new tariffs ranging from 7.4 per cent to 11.7 per cent on dairy imports from the EU will apply for a five-year period from February 13, replacing the 21.9 per cent to 42...
China on Thursday reduced tariffs on European Union dairy imports worth over US$500 million, in the final ruling of an 18-month anti-dumping investigation started in response to the bloc’s duties on Chinese electric vehicles. The new tariffs ranging from 7.4 per cent to 11.7 per cent on dairy imports from the EU will apply for a five-year period from February 13, replacing the 21.9 per cent to 42.7 per cent range imposed in a preliminary decision in December, as stated by China’s Ministry of...
Donald Trump’s competition chief has accused Apple of “systematically” promoting Left-wing news articles in its iPhone news app and burying Right-leaning articles.
Donald Trump’s competition chief has accused Apple of “systematically” promoting Left-wing news articles in its iPhone news app and burying Right-leaning articles.
美国边境事务主管汤姆·霍曼表示，特朗普政府将结束在明尼苏达州的移民打击行动，移民官员将逐步结束在该州的行动。 霍曼周四说：“‘都市风暴行动’（ Opera tion metro surge）正在结束。在接下来的一周，我们将把在此执行临时任务的官员调回其原驻地，或派往国内其他需要他们的地方。” 责任编辑：李桐
美国边境事务主管汤姆·霍曼表示，特朗普政府将结束在明尼苏达州的移民打击行动，移民官员将逐步结束在该州的行动。 霍曼周四说：“‘都市风暴行动’（ Opera tion metro surge）正在结束。在接下来的一周，我们将把在此执行临时任务的官员调回其原驻地，或派往国内其他需要他们的地方。” 责任编辑：李桐
Prison-food vendor TKC Holdings Inc. borrowed nearly $2.3 billion on Wednesday in a junk bond and leveraged loan deal to refinance existing debt and pay a dividend to its private equity owner. TKC, which is owned by HIG Capital , sold a $500 million first-lien loan at 4.5 percentage points over the benchmark rate at 99 cents on the dollar, according to people with knowledge of the matter, who aske...
Prison-food vendor TKC Holdings Inc. borrowed nearly $2.3 billion on Wednesday in a junk bond and leveraged loan deal to refinance existing debt and pay a dividend to its private equity owner. TKC, which is owned by HIG Capital , sold a $500 million first-lien loan at 4.5 percentage points over the benchmark rate at 99 cents on the dollar, according to people with knowledge of the matter, who asked not to be named discussing a private transaction. The company also priced a $1.1 billion first-lien bond with a coupon of 8.5% and $675 million of second-lien notes at 12%, both at par, the people added. Part of the proceeds were originally slated to help fund a roughly $100 million dividend to HIG. But during the course of the marketing process, TKC increased the size of the deal by $100 million as it reduced the loan component and added to each bond tranche. That allowed the dividend to increase to $200 million, one of the people added. TKC, a major supplier of commissary, food and telephone services to US correctional facilities, has struggled to drum up interest in past deals, forcing it to hike yields to compensate wary investors. Some creditors worry about being affiliated with the controversial private prison sector and the potential for public backlash. This latest transaction had higher yields than similarly rated debt, underscoring the challenges of financing the incarceration industry. The corrections sector is also sensitive to US policy shifts, meaning that state and federal elections can sharply alter corporate outlooks. Jail-Food Vendor Begins $2 Billion Debt Spree to Zap 10.5% Bonds Prison-Food Supplier Plans $1.58 Billion High-Yield Bond Sale PRICED: TKC Holdings $1.775b Debt Offering in 2 Parts PRICED: TKC $500m 1L TL; S+450, 0.00%, 99.0 Representatives for TKC didn’t respond to requests for comment. HIG and Jefferies Financial Group Inc. , which led the debt deals, declined to comment. The transaction refinanced all of TKC’s existing debt, including a s...
At Holdings Channel, we have reviewed the latest batch of the 37 most recent 13F filings for the 12/31/2025 reporting period, and noticed that Marsh & McLennan Companies Inc (Symbol: MRSH) was held by 12 of these funds. When hedge fund managers appear to be thinking alike, w
At Holdings Channel, we have reviewed the latest batch of the 37 most recent 13F filings for the 12/31/2025 reporting period, and noticed that Marsh & McLennan Companies Inc (Symbol: MRSH) was held by 12 of these funds. When hedge fund managers appear to be thinking alike, w