亿万富翁埃隆-马斯克将其人工智能初创公司xAI与他的火箭公司SpaceX合并，在计划进行可能是有史以来规模最大的首次公开募股之前，对该公司的管理层进行了全面调整。 在周三宣布重组之前，这家成立三年的人工智能公司的几位联合创始人最近相继离职，使得这家初创公司最初的12位联合创始人只剩下一半，在马斯克推动与OpenAI和 谷歌 展开全方位竞争的同时，也引发了有关稳定性的问题。 “我们正在组织，因为我们已经达到了一定的规模。我们正在组织公司，以便在这样的规模下更加有效。现在，当这种情况发生时，自然会有一些人更适合公司的早期阶段，而不太适合后期阶段，”马斯克在一次 xAI 全员会议上说，根据该公司在 X 上发布的视频片段。 此前，联合创始人托尼-吴（Tony Wu）和吉米-巴（Jimmy Ba）在社交媒体上发文称，他们已于本周从这家与马斯克共同创办的人工智能公司辞职。 根据Similarweb一月份的数据，xAI的聊天机器人网站Grok.com的流量虽然在稳步增长，但在全球范围内仍远居第三，仅占人工智能聊天机器人流量的3.4%，而ChatGPT和谷歌的Gemini分别占64.5%和21.5%。在全体员工大会上，马斯克概述了建立一个全面的人工智能公司的计划，该公司将在大型语言模型、图像和视频生成系统以及编码工具方面展开竞争，而 xAI 正努力追赶竞争对手。他和其他高管表示，随着对顶级人工智能研究人员的竞争加剧，公司正在大力招募人才。 责任编辑：王永生

有效投资是深化供给侧结构性改革和扩大有效需求的有机结合点。2025年，受多重因素交织影响，固定资产投资出现负增长。对于这一趋势，我们既要高度重视，也要沉着冷静，要科学认识投资的重要意义，适应新形势新要求，坚定不移扩大有效投资。 贯通供给需求，推动经济实现良性循环。作为拉动经济增长的“三驾马车”之一，投资在当期直接引发对各类原材料、设施设备、工器具、消费品的需求，同时带动相关企业的生产资料和生活资料投资，形成新的供给。基于历史数据的测算表明，我国每1元投资可带动0.55元消费和0.44元劳动收入，每1亿元投资能创造近600个就业岗位。在应对2008年全球金融危机等冲击中，投资成为畅通循环、稳定经济大盘的“压舱石”，2009年资本形成总额对我国经济增长的贡献率达到84.3％。精准有效的投资，既能创造更多高质量就业岗位、增加居民收入，又能催生出新产业、新业态、新模式、新产品，为消费的持续扩大奠定坚实基础。与此同时，居民收入水平提高，消费能力增强，消费持续优化升级将催生新的投资机会，进而带动投资增长。“十五五”及未来一段时期，投资和消费在经济循环中都扮演着重要角色，必须以市场需求为导向精准扩大有效投资，形成投资与消费相互促进的良性循环。 优化供给结构，塑造经济长期增长动能。纵观全球经济发展史，无论是后发经济体的成功赶超，还是发达经济体的持续领先，都需要维持与发展阶段相适应的投资强度，并不断优化投资结构。回溯日本、韩国人均GDP达到1万至1.3万美元的阶段，投资率均保持在30％以上。我国作为世界上最大的发展中国家，人均基础设施资本存量是发达国家的20％—30％，人均铁路长度、民航机场数量、体育场地面积等指标也有一定差距，在补短板、强弱项、优结构方面仍有较大投资潜力。当前，新一轮科技革命和产业变革蓬勃发展，主要国家纷纷加快投资布局、抢占科技制高点。“十五五”及未来一段时期，必须紧跟全球趋势，保持必要的投资强度，让投资成为优化结构、塑造动能的“助推器”，有力支撑经济增长和结构转型。 发挥综合效益，增强综合国力和民生保障能力。有效投资的价值不仅限于经济效益，还包括创新效益、生态效益、社会效益、安全效益等多重功效。从“奋斗者”号深潜万米到C919翱翔蓝天，再到鸿蒙系统跃居全球第三大移动操作系统，创新领域投资为实现高水平科技自立自强提供了“催化剂”。从“三北”工程累计完成营造林4.8亿...

Shares of Microsoft Corporation (NASDAQ:MSFT - Get Free Report) fell 2.2% on Wednesday . The company traded as low as $401.01 and last traded at $404.37. 41,122,875 shares changed hands during trading, an increase of 6% from the average session volume of 38,713,020 shares. The stock had previously closed at $413.27. Get Microsoft alerts: Sign Up Key Stories Impacting Microsoft Here are the key news stories impacting Microsoft this week: Wall Street Analysts Forecast Growth Several brokerages have weighed in on MSFT. Wedbush lowered their price target on shares of Microsoft from $625.00 to $575.00 and set an "outperform" rating on the stock in a report on Thursday, January 29th. Raymond James Financial lowered their target price on shares of Microsoft from $630.00 to $600.00 and set an "outperform" rating on the stock in a research note on Thursday, October 30th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $641.00 price target (down previously from $645.00) on shares of Microsoft in a research note on Thursday, January 29th. Morgan Stanley restated an "overweight" rating on shares of Microsoft in a research report on Thursday, January 29th. Finally, New Street Research increased their target price on Microsoft from $670.00 to $675.00 and gave the stock a "buy" rating in a research report on Thursday, January 29th. Two research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $591.95. View Our Latest Analysis on Microsoft Microsoft Price Performance The company has a market cap of $3.00 trillion, a P/E ratio of 25.29, a PEG ratio of 1.62 and a beta of 1.08. The firm's 50-day moving average is $465.44 and its two-hundred day moving average is $494.72. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.39 a...

is The Verge’s senior AI reporter. An AI beat reporter for more than five years, her work has also appeared in CNBC, MIT Technology Review, Wired UK, and other outlets. Posts from this author will be added to your daily email digest and your homepage feed. Since the xAI-SpaceX merger announced last week, which combined the two companies (as well as social media platform X) for a reported $1.25 trillion valuation — the biggest merger of all time — a handful of xAI employees and two of its co-founders have abruptly exited the company, penning long departure announcements online. Some also announced that they were starting their own AI companies. Co-founder Yuhai (Tony) Wu announced his departure on X, writing that it was “time for [his] next chapter.” Jimmy Ba, another co-founder, posted something similar later that day, saying it was “time to recalibrate [his] gradient on the big picture.” The departures mean that xAI is now left with only half of its original 12 co-founders on staff. It all comes after changing plans for the future of the combined companies, which Elon Musk recently announced would involve “space-based AI” data centers and vertical integration involving “AI, rockets, space-based internet, direct-to-mobile device communications and the world’s foremost real-time information and free speech platform.” Musk reportedly also talked of plans to build an AI satellite factory and city on the moon in an internal xAI meeting. Musk wrote on X Wednesday that “xAI was reorganized a few days ago to improve speed of execution” and claimed that the process “unfortunately required parting ways with some people,” then put out a call for more people to apply to the company. He also posted a recording of xAI’s 45-minute internal all-hands meeting that announced the changes. “We’re organizing the company to be more effective at this scale,” Musk said during the meeting. He added that the company will now be organized in four main application areas: Grok Main and Voice, ...

Alphabet Inc. (NASDAQ:GOOG - Get Free Report)'s share price fell 2.3% during trading on Wednesday . The company traded as low as $310.13 and last traded at $311.3150. 23,870,625 shares traded hands during trading, an increase of 1% from the average session volume of 23,710,818 shares. The stock had previously closed at $318.63. Get Alphabet alerts: Sign Up More Alphabet News Here are the key news stories impacting Alphabet this week: Analysts Set New Price Targets Several brokerages have commented on GOOG. Raymond James Financial upgraded Alphabet from an "outperform" rating to a "strong-buy" rating and increased their target price for the company from $315.00 to $400.00 in a research note on Thursday, January 22nd. Canaccord Genuity Group boosted their target price on shares of Alphabet from $330.00 to $390.00 and gave the stock a "buy" rating in a report on Wednesday, January 7th. Citigroup reiterated a "market outperform" rating on shares of Alphabet in a research report on Wednesday, December 17th. Phillip Securities raised shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Friday, November 7th. Finally, Sanford C. Bernstein restated a "market perform" rating and set a $345.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Alphabet currently has an average rating of "Buy" and an average price target of $343.47. View Our Latest Research Report on Alphabet Alphabet Stock Performance The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a 50 day simple moving average of $322.56 and a 200-day simple moving average of $273.75. The company has a market cap of $3.76 trillion, a price-to-earnings ratio of 28.80, ...

StoneX预测，今明两年全球可可过剩均将超过20万吨。 周三，国际可可期货价格跌破3800美元关口，创2023年10月以来的最低水平，市场在全球需求疲软与供应增加之间寻求平衡。 今年以来，这种热带重要经济作物价格累计下跌近40%，成为表现最差的商品品种。 值得一提的是，可可在2025年刚经历了有记录以来最大的年度跌幅，暴跌48.1%。与2024年5月创下的纪录高位相比，跌幅已经达到70%。 供需关系失衡是造成本轮可可价格暴跌的主要因素。 在需求端，欧洲去年第四季度可可研磨量为304470吨，同比下滑8.3%，连续第六个季度下降，且远逊于市场预期的2.9%跌幅。欧洲市场在全球可可消费中占据重要份额，交易商目前正等待北美和亚洲的相关数据。 包括亿滋、好时、卡夫亨氏等在内的主流厂商均将可可成本列为影响利润的首要变量，亿滋国际称2025年为 “创纪录的可可成本通胀年”，可可成本导致净利润同比下滑约47%。好时公司表示，可可成本吞噬了所有提价收益，全年净利润暴跌60.3%，卡夫亨氏营业利润率从32.5%降至14.4%。 供应端方面，天气因素推高了产量预期，西非主要产区（尤其是科特迪瓦和加纳）土壤水分充足，即将到来的降雨有望提振作物长势，并有助于产出高品质可可豆，预计将增加本收割季2月和3月的收成。 采购意愿低迷导致主要可可生产国出现库存积压。最新数据显示，自去年10月1日本季开始以来，截至2月8日，科特迪瓦港口可可到货量达126.3万吨，较上一年同期增长4.5%。与此同时，加纳可可局（COCOBOD）透露，由于加纳可可价格高于其他生产国，国际市场买家正越来越多地放弃采购加纳可可。加纳港口目前积压约5万吨未售出可可。 大宗商品研究机构StoneX在1月下旬预测，2025/26年度全球可可将出现28.7万吨过剩，2026/27年度过剩量为26.7万吨。 不断下跌的价格正在对从业者造成伤害。糟糕的仓储条件正在影响可可豆品质，部分农户因担心无法收到货款，不愿收割成熟的可可豆荚。 为了缓解从业者压力，科特迪瓦于1月29日正式启动一项战略操作，回购自2025年11月以来积压在仓库及全国各港口的数千吨未售出可可。 加纳本周召开紧急会议，决定加速向农民支付可可豆（收购费用），提高国内对可可豆的加工处理的程度。加纳可可局正探索新的融资模式，旨在减少对生可可豆出口的依赖，推动可可本地加工，提升...

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Catherine Wood's Strategic Moves: A Closer Look at Tesla Inc's Portfolio Impact GuruFocus

A new generative AI tool could give Uber more market share in grocery. The grocery app wars are heating up. Uber (UBER 3.39%) Eats on Wednesday launched its new Cart Assistant, a new AI-powered tool to make grocery shopping even easier. Cart Assistant can take a handwritten shopping list or a screenshot of a recipe and automatically put those items in your online shopping basket, showing details like prices and any available promotions. The AI will also build on past orders, reordering brands you have chosen in the past to personalize the process. Among the chains shoppers can order from with Cart Assistant are Albertsons, Kroger, Safeway, Sprouts Farmers Market, and Wegmans, among others. Facing off with Instacart The cart assistant launch raises the stakes with Instacart (CART 4.94%) as both companies are targeting the largest addressable market in retail. Instacart already launched its own cart assistant last November, which gives its shoppers tools for personalized meal planning, budgeting, and product recommendations. The use of agentic AI is proliferating across e-commerce, and AI is the latest battlefront between Instacart and Uber Eats. Instacart's gross transaction value is approaching $40 billion a year, and it keeps roughly 10% of that as revenue. Uber's grocery and retail business was on track for a $12 billion gross bookings annual run rate in late 2025. Instacart and Uber aren't just battling each other; retail giants like Walmart and Amazon have invested heavily in online grocery platforms. Grocery is not just a massive category. It's also frequently purchased, and gaining a foothold in grocery can yield gains elsewhere for these companies. Expand NYSE : UBER Uber Technologies Today's Change ( -3.39 %) $ -2.49 Current Price $ 71.01 Key Data Points Market Cap $153B Day's Range $ 70.65 - $ 73.78 52wk Range $ 60.63 - $ 101.99 Volume 874K Avg Vol 20M Gross Margin 32.89 % What it means for Uber The cart assistant isn't a game changer for Uber, but keeping ...

Key Points Uber just launched a generative-AI tool called cart assistant that will make grocery shopping easier. The new feature follows a similar launch from Instacart last November Grocery retail is a massive market, and its high frequency makes it desirable for delivery app companies. 10 stocks we like better than Uber Technologies › The grocery app wars are heating up. Uber (NYSE: UBER) Eats on Wednesday launched its new Cart Assistant, a new AI-powered tool to make grocery shopping even easier. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Cart Assistant can take a handwritten shopping list or a screenshot of a recipe and automatically put those items in your online shopping basket, showing details like prices and any available promotions. The AI will also build on past orders, reordering brands you have chosen in the past to personalize the process. Among the chains shoppers can order from with Cart Assistant are Albertsons, Kroger, Safeway, Sprouts Farmers Market, and Wegmans, among others. Facing off with Instacart The cart assistant launch raises the stakes with Instacart (NASDAQ: CART) as both companies are targeting the largest addressable market in retail. Instacart already launched its own cart assistant last November, which gives its shoppers tools for personalized meal planning, budgeting, and product recommendations. The use of agentic AI is proliferating across e-commerce, and AI is the latest battlefront between Instacart and Uber Eats. Instacart's gross transaction value is approaching $40 billion a year, and it keeps roughly 10% of that as revenue. Uber's grocery and retail business was on track for a $12 billion gross bookings annual run rate in late 2025. Instacart and Uber aren't just battling each other; retail giants like Walmart and Amazon have invested heavily in onlin...

数据显示，今年以来已有22只新股在港股上市，上市首日均未出现破发。与之形成鲜明对比的是，在2025年12月，25只上市新股中有10只上市首日收盘时未能守住发行价。多位受访人士分析指出，今年以来，港股新股市场“零破发”的背后，是短期市场情绪、定价策略以及政策层面等多重因素共同作用的结果。短期市场情绪来看，投资者心态积极转变，为市场注入了活力；发行方谨慎务实合理定价，为新股上市后的表现预留了空间；基石投资者机制等也在稳定股价方面发挥了关键作用。（人民财讯）

标普500指数基本持平，纳指和道指小幅下跌；原油期货上涨；黄金、白银走高；镍价升至近两周来最高，主要供应国印尼暗示今年将大幅削减产量。 美国1月非农新增就业13万人，创去年4月以来最大增幅，失业率降至4.3%，年度下修86.2万。华尔街预计首次降息延至7月，“新美联储通讯社”预计降息暂停期更久。 油价日内涨超2%，报道：特朗普私下考虑退出《美墨加协定》。 特朗普称同伊朗达成协议将是“首选”，伊朗最高领袖顾问：美国趋向理性。 李强：全面推进人工智能科技创新、产业发展和赋能应用，培育壮大新质生产力。 国务院国资委推动中央企业积极扩大算力有效投资。 中国1月CPI同比涨幅回落至0.2%，PPI同比降幅收窄至1.4%。 载人登月又一里程碑，长征十号与梦舟飞船首次飞行试验任务成功。 DeepSeek正灰度测试新一代模型。 智谱发布新一代旗舰模型GLM-5，重点提升编程与智能体能力。 苹果新Siri发布或又推迟，据称测试暴露问题，部分功能或延至9月上线。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

Image source: The Motley Fool. Feb. 11, 2026 at 5 p.m. ET Call participants President/CEO — Siva Sivaram Chief Financial Officer — Kevin Hettrich Need a quote from a Motley Fool analyst? Email [email protected] Takeaways COBRA process integration -- Management stated, "breakthrough COBRA process has been integrated into our cell production baseline," enabling gigawatt-hour-scale production and underpinning the capital-light development and licensing model. -- Management stated, "breakthrough COBRA process has been integrated into our cell production baseline," enabling gigawatt-hour-scale production and underpinning the capital-light development and licensing model. Expansion of commercial agreements -- Collaboration and licensing with PowerCo (Volkswagen Group) expanded, and two additional global automotive OEMs joined as portfolio customers with new joint development and technology evaluation agreements. -- Collaboration and licensing with PowerCo (Volkswagen Group) expanded, and two additional global automotive OEMs joined as portfolio customers with new joint development and technology evaluation agreements. Customer billings -- Customer billings for 2025 were $19,500,000, representing the company's first customer cash inflows under its development and licensing business model. -- Customer billings for 2025 were $19,500,000, representing the company's first customer cash inflows under its development and licensing business model. Eagle Line installation -- The Eagle Line, QuantumScape (NYSE: QS)'s pilot cell production line using the COBRA process, was installed and inaugurated, establishing a scalable blueprint for customer manufacturing at gigawatt-hour scale. -- The Eagle Line, (NYSE: QS)'s pilot cell production line using the COBRA process, was installed and inaugurated, establishing a scalable blueprint for customer manufacturing at gigawatt-hour scale. COBRA-enabled QSE-5 shipments -- QSE-5 solid-state cells produced with the COBRA process were shipped to ...

What It Means To Be A Former Liberal Authored by Jeffrey Tucker via The Epoch Times, I’ve never liked the word liberal applied in the way it is today. The word itself has a noble heritage. It meant being for freedom generally and opposed to despotism and dictatorship by church or state. Our Founding Fathers were considered liberals in a classical sense. They wanted free speech, free elections, free enterprise, free formation of community, and so on, and wanted government restricted in its power. That meaning of the word—which has translations in every language—lasted mostly until the Great War. Many of the most liberal intellectuals and venues threw themselves into that conflagration with great enthusiasm. Matters got worse during the New Deal when even more “liberals” threw their weight behind industrial planning and corporatism. Emerging out of World War II, there was nothing much remaining to the term. It had been completely co-opted by its enemies. That presented genuine liberals with a problem. They needed a new term. Russell Kirk suggested conservative, which was odd because that term recalls monarchies of old, Tory traditionalists, and blood-and-soil revanchism. Not everyone liked that term. The former and thoroughly reformed communist Max Eastman suggested “liberal conservative” or “conservative liberal,” all of which was too confusing. Then he finally proposed “new liberalism,” which didn’t quite catch on. The writer Dean Russell in 1956 suggested reviving the word libertarian, which rather stuck for some people. My mentor Murray Rothbard liked it but turned against it later in life. It became too barren of granular content to provide moorings in a political storm. Indeed, these days, reading the libertarians is like attending a concert of a promised piano concerto, only to hear the pianist play scales and some arpeggios on stage. There’s just not a lot of depth or understanding there. Meanwhile, I’m surrounded by people who call themselves “former liberals...

Olemedia/E+ via Getty Images Albemarle ( ALB ) -3.1% post-market Wednesday after reporting a larger-than-expected Q4 adjusted loss and saying it will idle a major Australian lithium processing plant , as the company continues to face weak prices for the battery metal. Albemarle ( ALB ) said it will idle the last active train at its Kemerton lithium hydroxide processing plant in Western Australia and place it into care and maintenance effective immediately, and canceled plans to add two new trains; the company closed another train at the site last year . The Kemerton site processes spodumene, a type of hard rock containing lithium, from the Greenbushes mine, one of the world's best spodumene resources; Albemarle ( ALB ) co-owns the mine with China's Tianqi Lithium. "Unfortunately, recent lithium price improvements alone are not enough to offset the challenges facing Western hard-rock lithium conversion operations," Albemarle ( ALB ) Chairman and CEO Kent Masters said. Albemarle ( ALB ) said its mining interests in Australia , including its holdings in Greenbushes and Wodgina and exploration interests in Western Australia, are not affected by the Kemerton decision, as they remain core components of the company's strategy. For Q4, Albemarle ( ALB ) swung to a net loss of $455.9M, or $3.87/share, from a net profit of $33.6M, or $0.29/share, in the year-earlier quarter; on an adjusted basis, including charges tied to the sale of its Ketjen refining catalyst business, the company lost $0.53/share. More on Albemarle Don't Chase Albemarle Here (Rating Downgrade) Albemarle: Leveraging It All On Lithium Albemarle: The Top Lithium Pick In 2026

格隆汇2月12日｜澳洲联储主席Bullock：当前对非加速通胀失业率的估算为4.6%。

The company reported a strong end to 2025. So what has investors running to click the sell button? Extending the 3.4% decline it endured during today's regular market hours, AppLovin (APP 3.23%) stock is sinking this evening. Investors are digesting the mobile marketing platform provider's fourth-quarter 2025 financial results, released after the bell, and it's clear they're not loving the report. As of 5:22 p.m., AppLovin stock is down 7.5% from its closing price of $456.81 during today's regular market session. Beating analysts' expectations isn't enough to quell investors' concerns Reporting Q4 2025 revenue of $1.66 billion (a 66% year-over-year increase) and diluted earnings per share (EPS) of $3.24 (an 87% year-over-year increase), AppLovin posted better results than the $1.61 billion in sales and EPS of $2.94 that analysts had anticipated. Expand NASDAQ : APP AppLovin Today's Change ( -3.23 %) $ -15.28 Current Price $ 457.64 Key Data Points Market Cap $160B Day's Range $ 438.25 - $ 471.31 52wk Range $ 200.50 - $ 745.61 Volume 459K Avg Vol 4.9M Gross Margin 82.06 % With respect to cash flow, AppLovin generated free cash flow of $1.31 billion, compared with $695.2 million in the same period in 2024. For the first quarter of 2026, AppLovin projects revenue of $1.745 billion to $1.775 billion. Should it achieve the midpoint of this guidance, it will represent year-over-year sales growth of 18.6%. In terms of profitability, AppLovin projects Q1 2026 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $1.465 billion to $1.495 billion. If it reports the midpoint of this range, it will mean the company will have grown adjusted EBITDA by 47.3%. Investors don't have an appetite for AppLovin's rich stock valuation AppLovin's stock has been climbing in the days leading up to the company's Q4 2025 financial results. Over the past five days, shares have been up nearly 12%. With the company reporting a strong Q4 2025, investors feel the stock...

Key Points AppLovin reported Q4 2025 financial results after the market closed today. The company surpassed analysts' revenue and profit expectations. Shares are trading at a premium to their historic valuation. 10 stocks we like better than AppLovin › Extending the 3.4% decline it endured during today's regular market hours, AppLovin (NASDAQ: APP) stock is sinking this evening. Investors are digesting the mobile marketing platform provider's fourth-quarter 2025 financial results, released after the bell, and it's clear they're not loving the report. As of 5:22 p.m., AppLovin stock is down 7.5% from its closing price of $456.81 during today's regular market session. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Beating analysts' expectations isn't enough to quell investors' concerns Reporting Q4 2025 revenue of $1.66 billion (a 66% year-over-year increase) and diluted earnings per share (EPS) of $3.24 (an 87% year-over-year increase), AppLovin posted better results than the $1.61 billion in sales and EPS of $2.94 that analysts had anticipated. With respect to cash flow, AppLovin generated free cash flow of $1.31 billion, compared with $695.2 million in the same period in 2024. For the first quarter of 2026, AppLovin projects revenue of $1.745 billion to $1.775 billion. Should it achieve the midpoint of this guidance, it will represent year-over-year sales growth of 18.6%. In terms of profitability, AppLovin projects Q1 2026 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $1.465 billion to $1.495 billion. If it reports the midpoint of this range, it will mean the company will have grown adjusted EBITDA by 47.3%. Investors don't have an appetite for AppLovin's rich stock valuation AppLovin's stock has been climbing in the days leading up to the company's Q4 2025 financial results. Over the past five days, shar...

今年以来，资本市场监管延续“零容忍”高压态势，截至2月11日，资本市场罚单密集落地，覆盖上市公司、中介机构、私募等主体，涉及误导性陈述、财务造假、未勤勉尽责、违规募资等多种违规行为，体现出罚额攀升、追责到人、全链条监管的特征。北京大学博雅特聘教授田轩认为，如此高强度、广覆盖、快节奏的监管执法态势，向市场传递出明确信号：无论是个人通过操纵市场牟取暴利，还是私募机构的违法行为，抑或是上市公司的信息披露违法、财务造假，以及中介机构“看门人”职责失守，都要受到严厉惩处，体现了监管层筑牢市场“防火墙”，保护投资者合法权益的决心。上市公司监管重点呈现新动向，误导性陈述、蹭热点成为打击新焦点（HK0360），传统信披违规、财务造假等问题也持续保持高压整治态势。今年以来，已有13家上市公司及其实控人被立案调查，11家公司收到行政处罚决定书，平均不到4天即有一家被立案、不到3天即有一家被行政处罚，单案最高罚没金额超2000万元，处罚力度与查处效率同步提升。(人民财讯)

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John M Lund Photography Inc/DigitalVision via Getty Images Fast Facts The ProShares UltraPro Short Dow30 ETF ( SDOW ) is a leveraged bear ETF based on the Dow Jones Industrial Average SM Index with a factor of -3. SDOW was launched on 2/9/2010 and has a net expense ratio of 0.95%. It is a small but very liquid ETF, with $192 million of AUM (assets under management) and an average daily dollar volume of $135 million. It means 70% of AUM changes hands on average in a trading day, proof that the fund is mostly used by short-term traders. The issuer, ProShares, specializes in leveraged and inverse ETFs, with about one hundred such products based on equity indexes, bond indexes, commodities, currencies, and cryptos. Strategy SDOW has the objective to provide, before fees and expenses, -3X the daily performance of the Dow Jones Industrial Average Index, which is the underlying index of SPDR® Dow Jones® Industrial Average℠ ETF Trust ( DIA ). Among the risks listed in SDOW’s prospectus, two points stand out: "If the Index approaches a 33% gain at any point in the day, you could lose your entire investment." This one is very unlikely. "The performance of the Fund for periods longer than a single day will likely differ from the Daily Target. This difference may be significant." This one is 100% sure. Indeed, the daily leverage factor is a source of drift, a topic that I will develop in this article. The fund invests in instruments that, in combination, provide -300% daily exposure to the underlying index, in particular swap agreements and futures contracts. The fund holds cash instruments such as Treasury bills and repurchase agreements as collateral. Keeping a daily objective requires rebalancing the portfolio on a daily basis. ProShares doesn’t disclose the fund’s turnover rate on cash instruments and derivatives. Due to this daily reset, it is unadvisable to hold this ETF for more than one day, as will be explained later on in this article. Underlying Index The index is a ...

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Gold slipped after robust US jobs data reduced expectations that the Federal Reserve will move quickly to cut interest rates. Bullion retreated to near $5,060 an ounce in early trading, after adding 1.2% in the previous session. US payrolls rose by the most in more than a year and the unemployment rate fell unexpectedly in January, suggesting the American labor market continued to stabilize at the start of 2026. Read More: Traders Bet on Fewer 2026 Rate Cuts After Strong Labor Data The data may reinforce Fed officials’ inclination to keep interest rates on hold for now, with many traders appearing to push out their timeline for the next rate cut to July from June. Lower interest rates are a tailwind for precious metals, which don’t pay interest. Spot gold fell 0.4% to $5,061.81 an ounce as of 7:15 a.m. in Singapore. Silver slid 1.1% to $83.38. Platinum and palladium both declined. The Bloomberg Dollar Spot Index , a gauge of the US currency, ended the previous session 0.1% lower.

格隆汇2月12日｜美国总统特朗普：任何在众议院或参议院投票反对关税的共和党人，在选举时（包括初选）都将承担严重后果。

一位网友在X上分享法国总统马克龙在一次活动上的讲话视频，后者表示：“每个人都对星链着迷。我非常高兴。但如果你头脑清醒的话，就会发现马斯克先生可能是世界上从美国纳税人那里获取资金最多的人之一。我的意思是，埃隆·马斯克首先是一个接受美国联邦机构过度补贴的人。” 马斯克回应称：“事实上，我们的竞争对手才是这样，特别是欧洲。” 马斯克接着说：“如果把 特斯拉 和SpaceX迄今为止获得的所有政府资助加起来，也仅占这两家公司总市值的1%左右。 相比之下，如果对美国和欧洲的主要航空航天公司也这样计算，那么它们获得的政府资助超过了它们自身价值的100%！” 责任编辑：于健 SF069

数据显示，2026年以来，全市场已有12家A股上市公司实施了询价转让股份。上述询价转让股份的核查报告显示，易方达基金、华夏基金、诺德基金、财通基金、上海睿量私募、南京盛泉恒元投资、上海金锝私募等多家公私募机构现身于询价转让的受让机构名单。从今年的参与情况来看，不少机构的浮盈已超过30%。有公募人士表示，询价转让市场正在高速增长，在监管鼓励投融资良性循环，引导长期资金入市的大背景下，询价转让作为连通一级市场与二级市场的关键桥梁，有望进一步扩容，从而发展成为我国资本市场一项基础性、常态化的股份流转机制，在提升市场稳定性，服务科技创新和国家战略方面发挥更大作用。（中证报）

美国众议院以219票对211票通过一项决议，该决议将终止特朗普实施的对加拿大关税措施。 责任编辑：王永生

格隆汇2月12日｜据央视，美国华盛顿特区一学校外当地时间11日发生枪击事件，两人中枪。随后不久，美国华盛顿特区警方称，当日下午，一名美国法警在华盛顿特区东北部开枪打死一名男子。美国法警署发言人布雷迪·麦卡伦证实了这起事件，并表示没有执法人员受伤。一名联邦执法官员表示，法警署成员与美国公园警察一起，接到报警称一家便利店附近“正在发生犯罪活动”，一名男子在“掏出武器”后被打死。

Tesla (NASDAQ: TSLA) is pivoting away from legacy vehicles to chase autonomy and robotics at scale. While the upside is enormous, the stock already reflects high expectations, making execution the key risk for investors today. Stock prices used were the market prices of Feb. 3, 2026. The video was published on Feb. 6, 2026. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Don’t miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this. On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $489,021 !* if you invested $1,000 when we doubled down in 2009, !* Apple: if you invested $1,000 when we doubled down in 2008, you’d have $52,113 !* if you invested $1,000 when we doubled down in 2008, !* Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $443,353!* Right now, we’re issuing “Double Down” alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon. See the 3 stocks » *Stock Advisor returns as of February 11, 2026. Rick Orford has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Rick Orford is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain t...

They’re dropping like flies. Businesses and products seen as susceptible to sudden irrelevance courtesy of artificial intelligence are—one by one— being laid low by Wall Street . Business software. Tax planning and wealth management. Now real estate services. Companies in this latest sector saw their stocks sink today as investors decided they’re next on the AI hit parade as a new crop of applications and tools threatens to disrupt several industries. Shares of CBRE Group and Jones Lang LaSalle plunged 12% and Cushman & Wakefield dropped 14%. For CBRE and Cushman & Wakefield, the moves marked the biggest drop since the Covid-driven collapse of 2020. The Wednesday selloff delivered another slap to a commercial real estate industry that’s struggled to regain its footing since the pandemic. It also pointed up the strange duality of the current market moment. As pessimists await the bursting of an AI bubble that might trigger a market meltdown, investors are assessing the technology’s potential for near-term success—and acting accordingly. “We believe investors are rotating out of high-fee, labor-intensive business models viewed as potentially vulnerable to AI-driven disruption,” Keefe, Bruyette & Woods analyst Jade Rahmani wrote in a note to clients. And as with everything on Wall Street, the phenomenon has a name: the “ AI scare trade .” What You Need to Know Today The Trump administration reported more robust-than-expected jobs numbers , with data from the Labor Department indicating US payrolls rose in January by the most in over a year. The reveal by the Bureau of Labor Statistics, whose chief was fired by President Donald Trump last year after a negative jobs report, indicated unemployment has fallen to 4.3%. “Coming off of a hiring recession in 2025, this is welcome news,” said Heather Long, chief economist at Navy Federal Credit Union, adding a nod to Jerome Powell. “I think Fed Chair Powell was right—the labor market appears to be stabilizing.” Fed’s Jeff Schmi...