TE Connectivity ( TEL ) said that its subsidiary Tyco Electronics Group S.A priced $750M senior notes offering. This includes $200M of additional 4.500% notes due 2031 and $550M aggregate principal amount of its 4.875% senior notes due 2036. Following the closing of the offering, there will be $650M of 2031 notes outstanding. The additional 2031 notes will be issued at a price of 100.907% and will...
TE Connectivity ( TEL ) said that its subsidiary Tyco Electronics Group S.A priced $750M senior notes offering. This includes $200M of additional 4.500% notes due 2031 and $550M aggregate principal amount of its 4.875% senior notes due 2036. Following the closing of the offering, there will be $650M of 2031 notes outstanding. The additional 2031 notes will be issued at a price of 100.907% and will have a stated interest rate of 4.500% per year, payable semi-annually. The 2036 notes will be issued at a price of 99.718% and will have a stated interest rate of 4.875% per year, payable semi-annually. The net proceeds will be used to repay maturing debt, such as the 3.700% and 4.500% senior notes due 2026, plus general corporate purposes. The offering is expected to close on February 9, 2026. More on TE Connectivity TE Connectivity: A Booming AI Business Lifts Spirits TE Connectivity plc (TEL) Q1 2026 Earnings Call Transcript TE Connectivity plc 2026 Q1 - Results - Earnings Call Presentation TE Connectivity signals double-digit EPS growth for 2026 amid record $5.1B orders and AI momentum TE Connectivity Non-GAAP EPS of $2.72 beats by $0.17, revenue of $4.67B beats by $130M
SK Hynix Inc. shares jumped, headed for an all-time high closing level, after local media said the company is the sole supplier of advanced memory for Microsoft Corp. ’s new artificial intelligence chip. The stock rose as much as 7.7% on the Korea Exchange, erasing an early loss on the latest tariff threat from US President Donald Trump. The shares have continued to climb this year, extending an A...
SK Hynix Inc. shares jumped, headed for an all-time high closing level, after local media said the company is the sole supplier of advanced memory for Microsoft Corp. ’s new artificial intelligence chip. The stock rose as much as 7.7% on the Korea Exchange, erasing an early loss on the latest tariff threat from US President Donald Trump. The shares have continued to climb this year, extending an AI-fueled rally that has driven the South Korean company to a market value of nearly $400 billion. Each of the Maia 200 accelerators unveiled by Microsoft on Monday will use six units of SK Hynix’s HBM3E, Maeil Business Newspaper reported, citing chip industry and brokerage sources. SK Hynix is unable to confirm or disclose any customer-related information, a company spokesperson said in a text message. The firm’s shares have surged tenfold in around three years, riding investor enthusiasm for AI thanks to its early supply deal with Nvidia Corp. Pricing of legacy memory chips has started to improve as well, boosting the outlook for SK Hynix ahead of its results due Thursday. Tuesday’s gain was supported by “dip buying and rising HBM earnings expectations,” said Jung In Yun , chief executive officer at Fibonacci Asset Management Global. “We will probably see SK Hynix earnings meeting expectations again,” he added. Another positive tailwind came as Citigroup Inc. hiked its price target for SK Hynix by 56% to a street-high 1,400,000 won. They maintained their buy rating and opened a 30-day upside catalyst watch on the stock. “The memory market is shifting toward semi-customization, with memory customers required to sign a contract a year prior to actual product delivery,” analyst Peter Lee wrote in a note Monday. “In 2026, we foresee global DRAM/NAND pricing growth to be significantly better than expected.”
China’s ( BYDDF ) announced Tuesday that it aims to strengthen its collaboration with U.S. oil giant Exxon Mobil ( XOM ) in hybrid technology. Under a long-term strategic memorandum of understanding agreement signed on Monday, the two companies will explore customized product research and development, collaborative possibilities in new material applications, among other fields, Reuters reported. B...
China’s ( BYDDF ) announced Tuesday that it aims to strengthen its collaboration with U.S. oil giant Exxon Mobil ( XOM ) in hybrid technology. Under a long-term strategic memorandum of understanding agreement signed on Monday, the two companies will explore customized product research and development, collaborative possibilities in new material applications, among other fields, Reuters reported. BYD ( BYDDY ) launched engine oil jointly with Exxon Mobil ( XOM ) specifically designed for its plug-in EVs last year. More on Exxon Mobil, BYD Co ADR Exxon Mobil: Strong Business, Weak Risk-Reward Ahead Of Q4 (Rating Downgrade) Exxon Mobil Vs. Chevron: One Oil Giant Stands Above The Other Exxon Mobil: A Solid Hold Even If Venezuela Is 'Uninvestable' Exxon launches commercial carbon capture project with CF Industries in Louisiana Exxon's XTO unit seeks buyers for some Eagle Ford assets - Reuters
Ning Zhu, Senior Macro Strategist at Primavera Capital Group and Professor at the Shanghai Advanced Institute of Finance, discusses his outlook for China's economic growth. He speaks with Stephen Engle from the sidelines of the Goldman Sachs Global Macro Conference Asia Pacific in Hong Kong. (Source: Bloomberg)
Ning Zhu, Senior Macro Strategist at Primavera Capital Group and Professor at the Shanghai Advanced Institute of Finance, discusses his outlook for China's economic growth. He speaks with Stephen Engle from the sidelines of the Goldman Sachs Global Macro Conference Asia Pacific in Hong Kong. (Source: Bloomberg)
matejmo/iStock via Getty Images Market Review Equity markets in the developing world, as measured by the MSCI Emerging Markets Index, rose 4.7% in the fourth quarter, as risk appetites remained largely resilient amid investor enthusiasm for artificial intelligence ( AI ) and despite tariff risks and geopolitical risks. Latin America was the best-performing region, climbing 8.2%. Stock markets in C...
matejmo/iStock via Getty Images Market Review Equity markets in the developing world, as measured by the MSCI Emerging Markets Index, rose 4.7% in the fourth quarter, as risk appetites remained largely resilient amid investor enthusiasm for artificial intelligence ( AI ) and despite tariff risks and geopolitical risks. Latin America was the best-performing region, climbing 8.2%. Stock markets in Chile and Peru gained in sympathy with the rise in commodity prices. Brazil's stock market rose, thanks to interest rate cuts locally and in the US. Argentina's stock market jumped on news that libertarian President Javier Milei won a landslide victory in midterm elections, handing him a mandate to continue pursuing his radical overhaul of the country's economy. The region encompassing emerging Europe, the Middle East, and Africa (EMEA) was the worst-performing region, rising 4.0%. Stock markets in Poland, Hungary, and the Czech Republic rose, as investors began to anticipate better economic prospects and a possibility of a peace agreement between Russia and Ukraine. South Africa's stock market rose in sympathy with the rise in the price of gold. Emerging Asia also underperformed, advancing 4.5%. Stock markets in global technology hubs Korea and Taiwan rose on optimism about the demand outlook for chips, the flagship industry of both countries, despite wavering sentiment in November. China's stock market fell on concerns about the country's economic outlook. Information technology, materials, and energy were the best-performing sectors in the period. Consumer discretionary, health care and communication services were the worst-performing sectors. (Index returns were measured net of taxes and in US dollar terms. ) Portfolio Review In the fourth quarter, the Lazard Developing Markets Equity Portfolio rose in absolute terms but underperformed its benchmark, the MSCI Emerging Markets Index. (Excess return was measured net of fees and in US dollar terms). Helped Stock selection i...
Women’s No 1 survives soaring temperature to defeat teenager 6-3, 6-0 Melbourne Park enacts extreme heat protocols on way to 45C By the second set of Aryna Sabalenka’s 13th consecutive grand slam quarter-final, it was quickly becoming clear that the best tennis player in the world had reached flow state and she could do anything she wanted with the ball. Up 2-0 and mercilessly hunting a double bre...
Women’s No 1 survives soaring temperature to defeat teenager 6-3, 6-0 Melbourne Park enacts extreme heat protocols on way to 45C By the second set of Aryna Sabalenka’s 13th consecutive grand slam quarter-final, it was quickly becoming clear that the best tennis player in the world had reached flow state and she could do anything she wanted with the ball. Up 2-0 and mercilessly hunting a double break, Sabalenka swept forward to the net and executed a sickly sweet forehand half-volley winner that would have satisfied even the legendary volleyers of yesteryear. There was once a time when a great performance from Sabalenka meant the Belarusian pummelling every ball, aiming for every line and praying that her shots would happen to land in. She has worked herself into such a well-rounded player today, who suffocates her opponents through the completeness of her game and has so many options at her disposal. Despite a valiant effort from her young opponent to simply prolong their high-quality opening set, Sabalenka bulldozed Jovic 6-3, 6-0 to continue her run through the draw. Continue reading...
Jeffrey Katzenberg and Sujay Jaswa, Founding Partners at WndrCo, discusses the investment opportunities in the technology, AI and media sectors. They speak with Stephen Engle from the sidelines of the Goldman Sachs Global Macro Conference Asia Pacific in Hong Kong. (Source: Bloomberg)
Jeffrey Katzenberg and Sujay Jaswa, Founding Partners at WndrCo, discusses the investment opportunities in the technology, AI and media sectors. They speak with Stephen Engle from the sidelines of the Goldman Sachs Global Macro Conference Asia Pacific in Hong Kong. (Source: Bloomberg)
To get John Authers’ newsletter delivered directly to your inbox, sign up here . Today’s Points: The Japanese yen is holding at 154 per dollar after a sharp fall. Silver set a fresh record before an unprecedented tumble. Another TACO? Trump appears to be retreating from confrontation in Minneapolis . AI has transformed electricity companies into growth stocks. AND: Hard rain over Minnesota Attack ...
To get John Authers’ newsletter delivered directly to your inbox, sign up here . Today’s Points: The Japanese yen is holding at 154 per dollar after a sharp fall. Silver set a fresh record before an unprecedented tumble. Another TACO? Trump appears to be retreating from confrontation in Minneapolis . AI has transformed electricity companies into growth stocks. AND: Hard rain over Minnesota Attack of the Heebie-JGBs A run on Japanese government bonds that reached a crescendo last week is now beginning to cascade throughout the rest of the world. Its effects show up, arguably, in the continued spectacular trading in precious metals and in renewed weakness for the dollar. It hasn’t yet had any more malign impacts on risk assets as stock markets opened the week positively. The question that most outside Tokyo want to answer is whether the surge in Japanese yields, followed now by a sharp revival of the yen, spells personal trouble for them. Inside Japan, the more important question is if the profound shifts in markets are driven by a true crisis, or by a normalization after the decades-long deflationary slump. And for the moment, both questions depend on how the country will intervene to prop up the currency, and whether that will be successful. Is This a Crisis? In recent days, government bonds have surged in a way that suggests the ghosts of deflation have been defeated. Longer-dated yields signal that Japan has at last left the old paradigm: The question is why. Yields might rise for a number of reasons. Healthily, this might be because Japan’s economy has normalized. It is growing like others are, with the risk of inflation, and so yields also need to normalize higher. Unhealthily, it might be a response to fears that the government is borrowing too much and will be unable to pay its debts (an attack of the “bond vigilantes” ). Or it might signal alarm about inflation. Or, imply fear that the Bank of Japan is about to grow far more hawkish. Inflation forecasts gener...
AMD US0079031078 As Advanced Micro Devices (AMD) approaches its February 3 quarterly earnings release, expectations on Wall Street are being revised upward. Market experts point to a combination of rival Intel's challenges and robust server segment demand as key drivers for potential gains, even after the stock's significant performance throughout 2025. The central question remains whether the upc...
AMD US0079031078 As Advanced Micro Devices (AMD) approaches its February 3 quarterly earnings release, expectations on Wall Street are being revised upward. Market experts point to a combination of rival Intel's challenges and robust server segment demand as key drivers for potential gains, even after the stock's significant performance throughout 2025. The central question remains whether the upcoming financial results can validate this growing optimism. Analyst sentiment is strengthening. Piper Sandler's Harsh Kumar increased his price target for AMD shares yesterday, moving it from $280 to $300 while reaffirming an "Overweight" rating. Kumar's outlook suggests there is further room for appreciation, despite the equity's impressive 77 percent advance during the 2025 calendar year. This positive shift follows similar confidence from other institutions. Morgan Stanley has identified AMD as a top pick for the current reporting season. In a research note published Monday, analyst Joseph Moore maintained the firm's $260 price target, citing the company's advantageous position in a tight processor supply environment. Server Demand and Competitive Dynamics Provide Tailwinds The ongoing surge in demand for data center and artificial intelligence hardware continues to benefit the sector. Moore highlighted that AMD stands as a primary beneficiary of constrained processor supply, particularly within the server market. He anticipates strong quarterly figures, bolstered by persistent manufacturing issues at Intel that are likely to allow AMD to capture additional market share. This competitive contrast is stark. While AMD receives supportive analyst commentary, Intel shares have recently faced substantial volatility, plummeting nearly 17 percent in a single trading session. The Upcoming Financial Calendar All eyes are on the official figures, scheduled for release after the market closes on Tuesday, February 3. AMD will disclose its results for the fourth quarter and the full ...