(RTTNews) - L3Harris Technologies (LHX) reported fourth quarter net income attributable to company of $300 million compared to $453 million, prior year. Earnings per share was $1.59 compared to $2.37. Non-GAAP EPS increased to $2.86 from $2.60. Pension adjusted non-GAAP EPS was $2.32 compared to $2.17. Revenue was $5.6 billion, up 2% versus prior year, or up 6% organically. "As we look to 2026, ou...
(RTTNews) - L3Harris Technologies (LHX) reported fourth quarter net income attributable to company of $300 million compared to $453 million, prior year. Earnings per share was $1.59 compared to $2.37. Non-GAAP EPS increased to $2.86 from $2.60. Pension adjusted non-GAAP EPS was $2.32 compared to $2.17. Revenue was $5.6 billion, up 2% versus prior year, or up 6% organically. "As we look to 2026, our investments in technology and capacity along with a record backlog and strong demand signals give us confidence to deliver strong results. We remain disciplined in creating value for shareholders while continuing to invest in the business via capex and R&D," said Christopher Kubasik, CEO, L3Harris. For 2026, the company expects: EPS of $11.30 - $11.50; and revenue of $23B - $23.5 billion. In pre-market trading on NYSE, L3Harris shares are down 4.3 percent to $344.75. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Wales have called Ospreys lock Rhys Davies into Steve Tandy's Six Nations squad. Davies, 27, started in the 73-0 defeat against South Africa in November but was left out of the original 38-man squad for this year's Six Nations tournament. Davies, who has played four internationals, is the eighth Ospreys player named in the squad, when there are doubts about the long-term professional future of the...
Wales have called Ospreys lock Rhys Davies into Steve Tandy's Six Nations squad. Davies, 27, started in the 73-0 defeat against South Africa in November but was left out of the original 38-man squad for this year's Six Nations tournament. Davies, who has played four internationals, is the eighth Ospreys player named in the squad, when there are doubts about the long-term professional future of the Welsh side. It takes the total number in the squad to 39 with Exeter skipper Dafydd Jenkins, Montpellier lock Adam Beard and Dragons co-captain Ben Carter the other lock options in the squad, and Gloucester forward Freddie Thomas battling back from injury. It is the second call-up this week after Cardiff prop Sam Wainwright replaced his club team-mate Keiron Assiratti, who is set to miss the tournament with a calf injury.
(RTTNews) - Oshkosh Corporation (OSK) revealed a profit for fourth quarter that Drops, from last year The company's bottom line totaled $133.8 million, or $2.10 per share. This compares with $153.1 million, or $2.33 per share, last year. Excluding items, Oshkosh Corporation reported adjusted earnings of $144.3 million or $2.26 per share for the period. The company's revenue for the period rose 3.5...
(RTTNews) - Oshkosh Corporation (OSK) revealed a profit for fourth quarter that Drops, from last year The company's bottom line totaled $133.8 million, or $2.10 per share. This compares with $153.1 million, or $2.33 per share, last year. Excluding items, Oshkosh Corporation reported adjusted earnings of $144.3 million or $2.26 per share for the period. The company's revenue for the period rose 3.5% to $2.688 billion from $2.598 billion last year. Oshkosh Corporation earnings at a glance (GAAP) : -Earnings: $133.8 Mln. vs. $153.1 Mln. last year. -EPS: $2.10 vs. $2.33 last year. -Revenue: $2.688 Bln vs. $2.598 Bln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Rogers Communications Inc. beat analysts’ fourth-quarter estimates thanks to strong growth in its media segment and a World Series appearance by its Toronto Blue Jays baseball team. Canada’s biggest mobile phone company earned C$1.51 per share on an adjusted basis, more than the C$1.42 expected by analysts in a Bloomberg survey. The telecom firm predicts that its adjusted earnings before interest,...
Rogers Communications Inc. beat analysts’ fourth-quarter estimates thanks to strong growth in its media segment and a World Series appearance by its Toronto Blue Jays baseball team. Canada’s biggest mobile phone company earned C$1.51 per share on an adjusted basis, more than the C$1.42 expected by analysts in a Bloomberg survey. The telecom firm predicts that its adjusted earnings before interest, taxes, depreciation and amortization will grow between 1% and 3% in 2026 after rising 2% in 2025. Media revenue increased 126% from the prior-year period to C$1.2 billion ($886 million) after Rogers doubled its stake in Maple Leaf Sports & Entertainment on July 1 and because of the Blue Jays’ postseason success. “In the fourth quarter, we delivered strong service revenue and adjusted Ebitda growth, led by exceptional growth from our sports and media operations and solid performance in our telecom business,” Chief Executive Officer Tony Staffieri said in a statement. Revenue for the three months ending Dec. 31 was C$6.2 billion, growing 13% year over year. The wireless unit, Rogers’ largest business, added 37,000 postpaid mobile subscribers during the quarter.
(RTTNews) - Norfolk Southern Corp (NSC) will host a conference call at 8:30 AM ET on January 29, 2026, to discuss Q4 25 earnings results. To access the live webcast, log on to https://norfolksouthern.investorroom.com/events To listen to the call, dial 1-800-836-8184. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc...
(RTTNews) - Norfolk Southern Corp (NSC) will host a conference call at 8:30 AM ET on January 29, 2026, to discuss Q4 25 earnings results. To access the live webcast, log on to https://norfolksouthern.investorroom.com/events To listen to the call, dial 1-800-836-8184. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
(RTTNews) - PulteGroup, Inc. (PHM) will host a conference call at 8:30 AM ET on January 29, 2026, to discuss Q4 25 earnings results. To access the live webcast, log on to https://pultegroupinc.com/investor-relations/events-and-presentations/default.aspx To listen to the call, dial (888) 440-6928 (conference ID 6106699). The views and opinions expressed herein are the views and opinions of the auth...
(RTTNews) - PulteGroup, Inc. (PHM) will host a conference call at 8:30 AM ET on January 29, 2026, to discuss Q4 25 earnings results. To access the live webcast, log on to https://pultegroupinc.com/investor-relations/events-and-presentations/default.aspx To listen to the call, dial (888) 440-6928 (conference ID 6106699). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
(RTTNews) - Thermo Fisher Scientific (TMO) will host a conference call at 8:30 AM ET on January 29, 2026, to discuss Q4 25 earnings results. To access the live webcast, log on to https://ir.thermofisher.com/investors/news-events/events/default.aspx To listen to the call, dial (833) 470-1428 (US) or +1 (646) 844-6383 (International), Access code 054943. The views and opinions expressed herein are t...
(RTTNews) - Thermo Fisher Scientific (TMO) will host a conference call at 8:30 AM ET on January 29, 2026, to discuss Q4 25 earnings results. To access the live webcast, log on to https://ir.thermofisher.com/investors/news-events/events/default.aspx To listen to the call, dial (833) 470-1428 (US) or +1 (646) 844-6383 (International), Access code 054943. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
(RTTNews) - United Rentals Inc. (URI) will host a conference call at 8:30 AM ET on January 29, 2026, to discuss Q4 25 earnings results. To access the live webcast, log on to https://investors.unitedrentals.com To listen to the call, dial 800-420-1271 (US) or 785-424-1634 (International), passcode 63077. For a replay call, dial 402-220-0686, passcode 63077. The views and opinions expressed herein a...
(RTTNews) - United Rentals Inc. (URI) will host a conference call at 8:30 AM ET on January 29, 2026, to discuss Q4 25 earnings results. To access the live webcast, log on to https://investors.unitedrentals.com To listen to the call, dial 800-420-1271 (US) or 785-424-1634 (International), passcode 63077. For a replay call, dial 402-220-0686, passcode 63077. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
This department store operator uses an omni-channel model and diverse brands to reach U.S. shoppers and select global markets. On January 28, Dupree Financial Group disclosed in a Securities and Exchange Commission (SEC) filing that it sold 486,867 shares of Macy's (M 1.77%) in the fourth quarter, an estimated $9.97 million transaction based on average quarterly pricing. What happened According to...
This department store operator uses an omni-channel model and diverse brands to reach U.S. shoppers and select global markets. On January 28, Dupree Financial Group disclosed in a Securities and Exchange Commission (SEC) filing that it sold 486,867 shares of Macy's (M 1.77%) in the fourth quarter, an estimated $9.97 million transaction based on average quarterly pricing. What happened According to a Securities and Exchange Commission (SEC) filing dated January 28, Dupree Financial Group sold 486,867 shares of Macy's during the fourth quarter. The estimated value of the shares sold was $9.97 million, calculated using the mean unadjusted close for the period. Meanwhile, the fund's position value at quarter-end dropped by $7.40 million, a figure that includes both trading activity and market price changes. What else to know After the sale, Macy's represented 2.6% of Dupree Financial Group, LLC's 13F reportable assets under management. Top holdings as of December 31: NYSE: BTI: $16.47 million (6.0% of AUM) NASDAQ: AGNC: $15.77 million (5.7% of AUM) NYSE: VZ: $14.25 million (5.2% of AUM) NYSE: BP: $13.59 million (5.0% of AUM) NYSE: ENB: $12.08 million (4.4% of AUM) As of January 28, Macy's shares were priced at $20.02, up 33.9% over the past year and well outperforming the S&P 500 by 18.9 percentage points. Company overview Metric Value Revenue (TTM) $22.71 billion Net income (TTM) $477.00 million Dividend yield 3.64% Price (as of January 28) $20.02 Company snapshot Macy’s offers apparel, accessories, cosmetics, home furnishings, and other consumer goods through department stores, websites, and mobile applications The brand operates an omni-channel retail model, generating revenue from in-store and digital sales across proprietary brands and licensed locations It targets a broad consumer base seeking fashion, beauty, and home products, with a focus on U.S. shoppers and select international markets via licensing Macy's is a leading U.S. department store operator with a si...
DaveAlan/iStock Unreleased via Getty Images American Airlines overview On 27 October 2025, my last analysis of American Airlines ( AAL ) was published on Seeking Alpha. I gave the stock a strong sell rating. Until recently, it looked like my call might have been entirely off. AAL shares a few weeks later took off in the opposite direction of my expectations, briefly reaching $16, a level ~20% high...
DaveAlan/iStock Unreleased via Getty Images American Airlines overview On 27 October 2025, my last analysis of American Airlines ( AAL ) was published on Seeking Alpha. I gave the stock a strong sell rating. Until recently, it looked like my call might have been entirely off. AAL shares a few weeks later took off in the opposite direction of my expectations, briefly reaching $16, a level ~20% higher compared to where the ticker traded at the time of my article. Seeking Alpha But it seems that what did not work out in the very short-term (a few months is very short term for me), might come into play now. From a fundamental standpoint, not much has changed, respectively my view received support yesterday. I confirm both, my thesis as well as my strong sell rating, using this article for an update after the just-released Q4 25 results . AAL stock - Fundamentals point towards the nose dive to continue In very brief, the core of my last analysis was AAL’s financial fragility and the associated risk to get seriously hit, including another potential bankruptcy in the worst case, if or when external factors out of the control of the company were to play out at the wrong moment with the wrong impact. In other words, the setup was not (and still is not) storm-proof. It is no secret that American has a strongly levered balance sheet. Bulls point towards this being the big chance as equities could re-rate strongly from a little ambitious mid-single digit PE ratio in the case of ongoing deleveraging efforts which indeed is happening. I have never denied that. However, this does not automatically mean that the debt load, respectively the underlying problems and risk factors, are suddenly gone. The company has been operating with very low margins and at a time of low energy / fuel prices, that made the setup appear better than it actually was in my opinion. Turning now to the latest results, we can see solid, well-chosen headline numbers. Sales reached a record for both, the quart...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Spotify . Getty Images Good morning! Here's the latest in trending: Central banking: The Federal Reserve hit pause after a three-meeting cutting streak. Here's a full breakdown of Chair Jay Powell's press conference. California Post: Rupert Murdoch's News Corp ( NWSA ) debuted its ...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Spotify . Getty Images Good morning! Here's the latest in trending: Central banking: The Federal Reserve hit pause after a three-meeting cutting streak. Here's a full breakdown of Chair Jay Powell's press conference. California Post: Rupert Murdoch's News Corp ( NWSA ) debuted its new daily tabloid this week, marking the New York Post 's expansion into the West Coast. Tech earnings: Key takeaways at Meta ( META ), Microsoft ( MSFT ) stumbles , and Tesla ( TSLA ) targets $20B+ capex in 2026. A new relationship The meteoric rally is coming for "risk-on" assets and "risk-off" assets alike, as market forces converge and boost prices to new highs. The S&P 500 ( SP500 ) breached the 7,000 level on Wednesday for the first time, while gold ( XAUUSD:CUR ) experienced its biggest one-day dollar gain in history . The yellow metal soared by $220 an ounce to reach a record high above $5,400, with both rallies looking set to continue in the coming session. Bigger picture: "Multiple tailwinds - runaway debt, Fed credibility concerns, global central bank buying - are fueling a 'perfect storm' for gold prices," writes Seeking Alpha analyst Frank Holmes, who projected in September that gold could hit $7,000 by the end of President Trump's second term. "Fed independence is under fire, raising systemic risks and driving investors and central banks to diversify away from the U.S. dollar. Gold has already surpassed U.S. Treasurys as a percent of total global foreign reserves. Is the dollar next?" While defense is driving the gains for precious metals, including silver ( XAGUSD:CUR ), playing offense is driving the gains for equity markets, tackling both sides of the investor playbook. The benchmark S&P 500 ( SP500 ) continues to ring in "grand-new" milestones, after hitting 6,000 only a year ago, and 5,000 the year before that. Helping push it over the line this time arou...
In Brief Sebastiaan de With, the co-founder of Lux which makes iPhone photo and video apps like Halide and Kino, said on Wednesday that he has joined Apple’s design team. This is de With’s second stint with Apple, where he previously worked on iCloud and Find My. Before co-founding Lux with Ben Sandofsky in 2016, he did design work for Sony, T-Mobile, and Mozilla. “So excited to work with the very...
In Brief Sebastiaan de With, the co-founder of Lux which makes iPhone photo and video apps like Halide and Kino, said on Wednesday that he has joined Apple’s design team. This is de With’s second stint with Apple, where he previously worked on iCloud and Find My. Before co-founding Lux with Ben Sandofsky in 2016, he did design work for Sony, T-Mobile, and Mozilla. “So excited to work with the very best team in the world on my favorite products,” de With said in a post on X. Some big personal news: I’ve joined the Design Team at Apple. So excited to work with the very best team in the world on my favorite products. ✌️ pic.twitter.com/9gzU4ziIJ7 — Sebastiaan de With (@sdw) January 28, 2026 Meanwhile, Sandofsky said in a Reddit post that Halide will still be developed by Lux. The company today released a public preview of the new version of the app, Halide Mark III, and said it is focusing on “Looks,” a feature that will recreate the aesthetics of film cameras. De With joins Apple at a time of significant changes in the division. The Liquid Glass design introduced with iOS 26 didn’t get the glowing reviews the company probably expected, and Apple’s chief of user interface design, Alan Dye, left for Meta, in December. And last week, Bloomberg reported that John Ternus, who is in line to be Tim Cook’s successor, took over hardware and software design towards the end of last year.
RobCo , a German startup that makes robots for use in manufacturing, has raised $100 million in financing from investors including the family behind Fiat parent Stellantis NV and Exor NV , and a billionaire Toyota dealer. Lingotto Investment Management , an arm of Exor, led the funding round with Lightspeed Venture Partners, RobCo said in a statement on Thursday. Additional investors include Sequo...
RobCo , a German startup that makes robots for use in manufacturing, has raised $100 million in financing from investors including the family behind Fiat parent Stellantis NV and Exor NV , and a billionaire Toyota dealer. Lingotto Investment Management , an arm of Exor, led the funding round with Lightspeed Venture Partners, RobCo said in a statement on Thursday. Additional investors include Sequoia Capital , Kindred Capital and the Friedkin Group , the investment firm of automotive and hospitality magnate Dan Friedkin . The funding gives Munich-based RobCo a valuation above $500 million, according to a person familiar with the deal who was not authorized to speak about it publicly. A RobCo spokesperson declined to comment on its valuation. Formed in 2020, RobCo is one of many startups trying to apply advances in artificial intelligence to build physical robots that can handle a range of tasks. The German startup develops configurable robotic arms, but its main focus is a software suite to train and operate machines on factory floors. Investment from auto tycoons underscores how more mature industries, particularly in the US and Europe, are turning to robotics to improve manufacturing and compete with China, a hub for the technology. Exor Chief Executive Officer John Elkann , the Fiat heir who also chairs Ferrari NV , has redirected some of his family empire’s capital into novel areas such as biotech and ride-hailing startups. Exor’s Lingotto has also invested in Neura Robotics , another German robotics startup. Read More: Fiat Heir Elkann Ditches Trucks for Bits, Brands and Biotech RobCo, which had previously raised a total of $60 million, said it will use the fresh funds to expand its presence in the US. It cites BMW and several smaller industrial firms as clients. Some US rivals, such as Skild AI and Physical Intelligence, have brought in more funding at higher valuations .
Solskin/DigitalVision via Getty Images Formerly MTBC, CareCloud ( CCLD ) is a healthcare IT company developing AI-driven cloud-based solutions for revenue cycle management (RCM), electronic health records (EHR), and practice management functions for healthcare providers of all sizes in the US. Since going public in 2014, share performance has been underwhelming and highly volatile. Having reached ...
Solskin/DigitalVision via Getty Images Formerly MTBC, CareCloud ( CCLD ) is a healthcare IT company developing AI-driven cloud-based solutions for revenue cycle management (RCM), electronic health records (EHR), and practice management functions for healthcare providers of all sizes in the US. Since going public in 2014, share performance has been underwhelming and highly volatile. Having reached an all-time high of $12 per share in 2020, CCLD continued to trend down in the following year, reaching as low as $0.76 per share in 2023. CCLD saw some turnaround and traded around $5 per share at the beginning of 2025. Despite being down -22% from a 1-year standpoint, CCLD has seen a meaningful recovery in the past 6 months. Currently, CCLD is trading at $2.9 per share. I initiate my coverage with a buy rating and a 1-year price target of $4.3, which is a potential upside of 48% from today's level. I believe that CCLD should benefit from its AI strategy into 2026, while risks remain minimal to moderate. Financial Reviews Overall, revenue growth has been quite decent as of Q3. CCLD delivered $31 million of revenue in Q3 2025, a 9% YoY growth. Q3 presenation (Q3 presenation) This suggests a departure from early 2024, when revenue was either declining or flat. Moreover, the management has also raised FY 2025 guidance to $117 to $119 million, suggesting momentum. Q3 presentation (Q3 presentation) Profitability has also been quite solid in recent times. With Q3 GAAP net income of $3.1 million, CCLD has achieved its sixth consecutive quarter of positive GAAP profitability, a significant departure from its history of losses in the past. Meanwhile, adjusted EBITDA (aEBITDA) was $7.7 million, already a 13% YoY growth, demonstrating good operational efficiency. Overall, this decent performance was driven by CCLD's continued strong cost management, leveraging the offshoring of its operations to Pakistan and Sri Lanka. From a cash flow standpoint, CCLD has also strengthened. In the f...
At Davos, US President Donald Trump declared he had “always had a very good relationship with President Xi” Jinping, calling the Chinese leader “an incredible man”, “highly respected by everybody”. Trump also praised TikTok’s decision to transfer parts of its US business to a consortium of US investors, thanking Xi on social media. This broadly friendly rhetoric is likely to be a signal of Washing...
At Davos, US President Donald Trump declared he had “always had a very good relationship with President Xi” Jinping, calling the Chinese leader “an incredible man”, “highly respected by everybody”. Trump also praised TikTok’s decision to transfer parts of its US business to a consortium of US investors, thanking Xi on social media. This broadly friendly rhetoric is likely to be a signal of Washington’s keen interest in finalising a trade deal with the world’s second-largest economy. Trump’s effusive praise for Xi stood in stark contrast to his dismissive, if not contemptuous, remarks for European allies. So far, the Europeans have averted a full-scale crisis over Greenland through negotiations that reportedly include considerations such as giving America pockets of Greenland territory as sovereign military bases in the Arctic, a new theatre of geopolitical rivalry. For all the recent transatlantic tensions, the Nato security alliance is likely to persist. Advertisement Trump’s foreign policy orientation in his legacy years signals a potential openness to a Group of Two (G2) global order . Given America alone is not in a position to check China’s rise, most notably in cutting-edge technologies and manufacturing capacity, Trump’s administration appears to be quietly shifting to accommodate the possibility of a global “condominium” with China. Despite a reputation for unpredictability, Trump has made his strategic goal crystal clear: a reassertion of American hegemony through coercive diplomacy and when necessary – as in Venezuela – brute force. Firmly of the Jacksonian foreign policy tradition, Trump has little patience for multilateral alliance-building or the niceties of international law. Advertisement
Shares of Microsoft (NASDAQ:MSFT) gained 7.57% over the past five trading sessions after losing 4.87% the five prior. That brings MSFT’s one-year gain to just 7.70%, including a loss of more than 11% since its all-time high on Oct. 28, 2025. When the Magnificent Seven member reported Q2 earnings on Wednesday, Jan. 28, shares fell ... Microsoft (NASDAQ: MSFT) Stock Price Prediction for 2026: Where ...
Shares of Microsoft (NASDAQ:MSFT) gained 7.57% over the past five trading sessions after losing 4.87% the five prior. That brings MSFT’s one-year gain to just 7.70%, including a loss of more than 11% since its all-time high on Oct. 28, 2025. When the Magnificent Seven member reported Q2 earnings on Wednesday, Jan. 28, shares fell ... Microsoft (NASDAQ: MSFT) Stock Price Prediction for 2026: Where Will It Be in 1 Year
Bitcoin’s “digital gold” promise is unraveling as traders forgo the token for surging metals, hurting a narrative that once defined the asset’s macro appeal. The shift is visible not just in asset moves, but in where capital is moving — from traditional funds to blockchain-based trading venues. Over the past week, precious metal funds soaked up $1.4 billion in fresh cash while Bitcoin-linked funds...
Bitcoin’s “digital gold” promise is unraveling as traders forgo the token for surging metals, hurting a narrative that once defined the asset’s macro appeal. The shift is visible not just in asset moves, but in where capital is moving — from traditional funds to blockchain-based trading venues. Over the past week, precious metal funds soaked up $1.4 billion in fresh cash while Bitcoin-linked funds saw roughly $300 million in withdrawals as the token slumped to almost $86,000. At the same time, spot gold surged past $5,500, and silver broke $118 per ounce, fueled by a four-year low in the dollar and geopolitical stress. For a cohort of investors once convinced that computer code was superior to shiny metal, the recent stretch of greenback weakness has been a definitive wake-up call: Bitcoin failed to act as a macro hedge just as the so-called ‘debasement’ trade was back in vogue. Crypto venues like Hyperliquid still see most of their volume tied to native tokens and memecoins, but they’ve also become unlikely barometers of this broader macro shift. Over a 24-hour stretch this week, more than $1 billion in silver futures changed hands — four times the volume of the second most-traded contract, tied to a stock index. On rival exchange Ostium, commodities — mainly gold and silver perpetuals, or “perps” — now account for about 80% of open interest. Perps are crypto-native derivatives that mimic futures but never expire, allowing traders to hold leveraged positions around the clock — ideal for expressing macro views without clearinghouse delays. That speed has turned them into a sharp proxy for speculative appetite in this fast-expanding corner of retail finance. “Our traders are largely crypto native whales who cut their teeth on crypto and have over the last six-to-nine months increasingly moved into other asset classes, particularly commodities,” said Kaledora Fontana Kiernan-Linn, co-founder of Ostium. The percentage of crypto-related open interest on the exchange has...
Midsection of business professionals discussing ideas while sitting in office lobby Klaus Vedfelt | Digitalvision | Getty Images A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Many investment firms of ultra-rich families are keen to...
Midsection of business professionals discussing ideas while sitting in office lobby Klaus Vedfelt | Digitalvision | Getty Images A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Many investment firms of ultra-rich families are keen to buy stakes in private companies directly rather than through private equity funds, which come with fees and less control. Cutting out the middleman can come at a steep cost, though, and requires hiring an in-house investment team to source proprietary deals. But family offices have found a way to have their cake and eat it too by backing PE funds while investing directly alongside them. Under these kind of deals, family offices make large fund commitments in exchange for the right to invest additional capital on their own to individual portfolio companies. They typically pay reduced management or performance fees on their co-investments, and the PE fund handles the burden of sourcing and due diligence. These co-investing arrangements have grown in popularity over the past decade, lawyers to family offices and fund managers told Inside Wealth. This trend has been fueled by family offices seeking out more direct investments and PE firms facing challenges raising capital. "The ability to share the burden, share the costs and, in some cases, rely on the private equity funds to source, [do] diligence, execute and manage those investments, is extremely attractive to families who want that exposure to direct investing, but don't necessarily want to build all that on their own balance sheet," said Scott Beach, who chairs Day Pitney's corporate and business law department and the family office practice. By teaming up with private equity funds, family offices are able to get stakes in companies they would not be able to buy outright, according to Michael Schwamm, partner at Duane Mo...
CLEVELAND, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the quarter ended December 31, 2025, that included the following highlights (compared with the prior year period): Fiscal 2026 Second Quarter Highlights: Sales increased 9% to a record $5.2 billion; organic sales increased 6.6% Segmen...
CLEVELAND, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the quarter ended December 31, 2025, that included the following highlights (compared with the prior year period): Fiscal 2026 Second Quarter Highlights: Sales increased 9% to a record $5.2 billion; organic sales increased 6.6% Segment operating margin was 23.9%, an increase of 180 bps, or 27.1% adjusted, an increase of 150 bps Net income was $845 million, a decrease of 11% compared with the second quarter of fiscal 2025 which included a one-time after-tax gain from divestitures of $223 million Adjusted net income increased 15% to $980 million EPS were $6.60, a decrease of 9% compared with the second quarter of fiscal 2025 which included a one-time after-tax gain from divestitures of $1.70 Adjusted EPS increased 17% to a record $7.65 “This was another outstanding quarter that reflected the performance of our global team, the power of our business system The Win Strategy™, and the strength of our transformed portfolio,” said Jenny Parmentier, Chairman and Chief Executive Officer. “We delivered record sales with organic sales growth of nearly 7% and growth across all reported businesses. Our team expanded adjusted segment operating margin by 150 basis points and delivered an impressive 17% adjusted earnings per share growth. We also announced a definitive agreement to acquire Filtration Group Corporation, expanding our aftermarket business and presence in life sciences, HVAC/R, and in-plant and industrial market verticals. On the strength of our second quarter results, robust aerospace demand, and continued gradual recovery in our industrial markets, we are increasing our outlook for the full year.” This news release contains non-GAAP financial measures. Reconciliations of adjusted numbers and certain non-GAAP financial measures are included in the financial tables of this press release. Outlook Guidance ...
BlackRock Inc. and Partners Group Holding AG launched the first joint private-markets investment of their partnership aimed at grabbing a slice of the trillions of dollars sitting in the hands of wealthy individuals. The asset managers on Thursday began selling a new separately managed account through Morgan Stanley ’s wealth platform that combines a mix of private equity, private credit and real ...
BlackRock Inc. and Partners Group Holding AG launched the first joint private-markets investment of their partnership aimed at grabbing a slice of the trillions of dollars sitting in the hands of wealthy individuals. The asset managers on Thursday began selling a new separately managed account through Morgan Stanley ’s wealth platform that combines a mix of private equity, private credit and real asset funds, according to the firms. It’s the first US product allowing clients to invest across a range of private markets in one account, according to BlackRock and Partners Group. Investors can choose from three variations depending on risk preference — an income-oriented variation, a balanced portfolio and a growth-focused allocation, according to Jon Diorio , BlackRock’s head of alternatives for its US wealth business. The separately managed account will invest in seven existing funds from BlackRock, its credit unit HPS Investment Partners and Partners Group. The account aims to make it “easier and more convenient and more simplified for advisers to do private markets,” Diorio said. Traditional and alternative asset managers have raced to form partnerships and launch products to sell to wealthy individuals, as many institutional backers such as pensions and endowments shun new private investments. Secretive Capital Group Plots a Flashy Pivot to Private Markets Goldman to Buy $1 Billion of T. Rowe Stock as Firms Team Up The product will charge fees on the underlying funds — which the firms didn’t disclose — but not on the separately managed account itself. BlackRock and Partners Group first joined together in 2024 with plans for the new private portfolio. Since then, BlackRock has significantly expanded its reach in private markets, including by buying HPS for $12 billion. The BlackRock and Partners Group offering is unique because it’s the only separately managed account that combines more than one private asset class, according to Rob Collins , co-head of private weal...
Robert Way/iStock Editorial via Getty Images Introduction What I'm about to say next may sound vague, and to some extent, it's vague. However, to me, it feels like it has been in an age of exponential/explosive growth for years. I'm not referring to general GDP growth, but to specific developments. Once the market finds out about them, there seems to be a wave of capital triggering exploding price...
Robert Way/iStock Editorial via Getty Images Introduction What I'm about to say next may sound vague, and to some extent, it's vague. However, to me, it feels like it has been in an age of exponential/explosive growth for years. I'm not referring to general GDP growth, but to specific developments. Once the market finds out about them, there seems to be a wave of capital triggering exploding prices. Silver is one of them. It has gone sideways for years. Then, the market found out how critical it is in renewable energy, data centers, and that precious metals, in general, make sense in an environment of elevated fiscal and monetary uncertainty. Prices went 4x within the span of two years. They doubled within less than three months. StockCharts (SLV) And then there’s Nvidia ( NVDA ). When it became obvious just how big a winner it would be in the AI revolution, its stock price went from $10 in 2022 to more than $200 in 2025. Data by YCharts Or Rocket Lab ( RKLB ). It’s one of the companies I was very bullish on, but failed to build a position in. In 2024, it traded below $7. Now, it’s trading close to $90, as the market has figured out how important space travel has become and how well RKLB serves that market. Data by YCharts And then there’s Comfort Systems USA ( FIX ), which is an HVAC-focused engineering company. For years, it has done well by using M&A and organic growth to become a leading player. However, once the market found out how important HVAC systems are in data centers, this stock exploded higher. I owned it until the second half of 2025. Data by YCharts The same applies to Oklo ( OKLO ), which is a nuclear power growth stock without revenue. It traded at $10 before 2024. Now, it trades almost 9x higher. Last year, it traded as high as $170. I have no opinion on Oklo, except that it’s a prime example of capital flows triggered by a major Big Picture development. Data by YCharts Bitcoin in 2021 is another good example. There are countless examples, but I t...