Key events 24m ago Preamble Show key events only Please turn on JavaScript to use this feature 7m ago 18.46 GMT Tonight we reveal the Uefa Europa League table – IN FULL and UNREDACTED: Share Updated at 18.46 GMT 11m ago 18.43 GMT As it stands, Lyon, Aston Villa, Freiburg, Midtjylland, Braga, Roma, Ferencvaros and Real Betis are the clubs in the top eight. As ninth-placed Porto are on 14pts, it mea...
Key events 24m ago Preamble Show key events only Please turn on JavaScript to use this feature 7m ago 18.46 GMT Tonight we reveal the Uefa Europa League table – IN FULL and UNREDACTED: Share Updated at 18.46 GMT 11m ago 18.43 GMT As it stands, Lyon, Aston Villa, Freiburg, Midtjylland, Braga, Roma, Ferencvaros and Real Betis are the clubs in the top eight. As ninth-placed Porto are on 14pts, it means that Lyon and Aston Villa, joint-top and both on 18pts, are the only clubs mathematically guaranteed to finish in the top eight, and go straight to the round of 16. Share
Nadzeya Haroshka/iStock via Getty Images A Quick Take On AgomAb AgomAb Therapeutics NV ( AGMB ) has filed to raise $200 million in development capital in an IPO of its American Depositary Shares representing underlying common shares, according to SEC F-1/A registration information . The company is a clinical-stage biopharma advancing treatment candidates for chronic fibrotic conditions. It has ach...
Nadzeya Haroshka/iStock via Getty Images A Quick Take On AgomAb AgomAb Therapeutics NV ( AGMB ) has filed to raise $200 million in development capital in an IPO of its American Depositary Shares representing underlying common shares, according to SEC F-1/A registration information . The company is a clinical-stage biopharma advancing treatment candidates for chronic fibrotic conditions. It has achieved positive safety results and early promising signals on exploratory clinical endpoints. Given these early results, its strong institutional life science VC, and strategic big pharma investor backing, the IPO will likely see significant institutional investor demand. For patient life science investors, my outlook on the AGMB IPO is a Buy at up to $16.00 per share. AgomAb Overview and Development Efforts Antwerpen, Belgium-based AgomAb Therapeutics NV is developing chronic fibrosis treatments for severe conditions "through inhibition of one of the key signaling pathways involved in fibrosis, the transforming growth factor β, or TGFβ, pathway." Management is headed by Chief Executive Officer and Executive Director, Mr. Tim Knotnerus, who has been with the firm since February 2019 and has held senior positions at AM-Pharma B.V. and was a Senior Associate at Aescap Venture, a European venture capital fund investing in European medical companies. The company's lead treatment candidate, AGMB-129 (Ontunisertib), is in Phase 2a trials for the treatment of fibrostenosing Crohn's Disease. Management expects to have full open-label extension data in the second half of 2026. AGMB is in Phase 1 trials for AGMB-447 for the treatment of idiopathic (unknown origin) pulmonary fibrosis. The status of the company’s current development pipeline is shown below: SEC AgomAb has recorded a fair market value investment of $365 million through September 30, 2025, from investors, including LSP, Fidelity Management & Research, Pontifax, Sanofi Foreign Participations ( SNY ), Redmile Biopharma Inve...
Earnings Call Insights: Celestica Inc. (CLS) Q4 2025 Management View Robert Mionis, President and CEO, highlighted that "we delivered very strong results in the fourth quarter, driven primarily by growth in our CCS segment across both our communications and enterprise end markets." He noted that revenue and adjusted EPS both exceeded the high end of guidance, with a 7.7% adjusted operating margin ...
Earnings Call Insights: Celestica Inc. (CLS) Q4 2025 Management View Robert Mionis, President and CEO, highlighted that "we delivered very strong results in the fourth quarter, driven primarily by growth in our CCS segment across both our communications and enterprise end markets." He noted that revenue and adjusted EPS both exceeded the high end of guidance, with a 7.7% adjusted operating margin marking the strongest performance in company history. Mionis indicated that for the full year 2025, the company achieved $12.4 billion in revenue and $6.05 in adjusted EPS, reflecting growth of 28% and 56% year-over-year, respectively. He stated, "Our adjusted operating margin of 7.5% marked the second consecutive year of 100 basis points improvement, driven by growth in AI-related demand for data center technologies, strong operational execution and improved operating leverage." Looking forward, Mionis announced, "we anticipate the strong momentum to continue with revenue growth expected to accelerate in 2026," referencing an expanding pipeline of growth opportunities, especially in the CCS segment. Mandeep Chawla, Chief Financial Officer, reported, "In the fourth quarter, revenue of $3.65 billion was up 44% and above the high end of our guidance range, driven by a very strong demand in our CCS segment." Chawla added, "Our non-GAAP operating margin was 7.7%, up 90 basis points," and "our adjusted earnings per share was $1.89 in the fourth quarter, exceeding the high end of our guidance range and an increase of $0.78 or 70%." Chawla detailed a significant increase in planned capital expenditures: "We now anticipate that our capital expenditures for 2026 will be approximately $1 billion or 6% of our current annual revenue outlook. Importantly, we anticipate to be able to fully support this increase in capital expenditures through operating cash flow." Outlook Mionis stated, "we are raising our 2026 annual financial outlook. We are increasing our revenue outlook to $17 billio...
Key Points Sold 384,274 shares of TETRA Technologies; estimated transaction value $2.96 million (based on quarterly average pricing). Quarter-end position value declined by $1.1 million, reflecting both trading and stock price changes. Transaction value equaled approximately 1.5% of 13F reportable assets under management (AUM). Post-trade stake: 310,891 shares, valued at $2.9 million. TETRA now ac...
Key Points Sold 384,274 shares of TETRA Technologies; estimated transaction value $2.96 million (based on quarterly average pricing). Quarter-end position value declined by $1.1 million, reflecting both trading and stock price changes. Transaction value equaled approximately 1.5% of 13F reportable assets under management (AUM). Post-trade stake: 310,891 shares, valued at $2.9 million. TETRA now accounts for 1.53% of fund AUM, placing it outside the top five holdings. These 10 stocks could mint the next wave of millionaires › Pullen Investment Management, LLC, reduced its stake in TETRA Technologies (NYSE:TTI) by 384,274 shares in the fourth quarter, an estimated $2.96 million trade based on quarterly average pricing, according to a Jan. 20, 2026, SEC filing. What happened According to a SEC filing published Jan. 20, 2026, Pullen Investment Management, LLC sold 384,274 shares of TETRA Technologies during the fourth quarter. The estimated transaction value was $2.96 million, based on the average closing price for the period. The position’s quarter-end value fell by $1.08 million, reflecting both trading activity and changes in share price. What else to know Following the reduction, TTI represents 1.53% of the fund’s 13F reportable assets under management. Top holdings after the filing: NYSEMKT: VOO: $11.8 million (6.2% of AUM) NYSEMKT: VTI: $9.7 million (5.1% of AUM) NYSE: HII: $5.2 million (2.8% of AUM) NYSEMKT: SCHB: $4.6 million (2.4% of AUM) NASDAQ: LINC: $4.5 million (2.4% of AUM) As of Jan. 16, 2026, TETRA shares were priced at $11.57, up 132% over the past year, outperforming the S&P 500 by 114 percentage points. Company Overview Metric Value Price (as of market close 2026-01-16) $11.57 Market capitalization $1.50 billion Revenue (TTM) $599.11 million Net income (TTM) $108.28 million Company Snapshot Offers completion fluids, clear brine fluids, additives, calcium chloride products, and water management services for the oil and gas industry. Generates revenue t...
Prediction markets will let you bet on just about anything, from how many tweets Elon Musk will post this week to the next president of the United States, with predictions sometimes showing shockingly (or suspiciously) spot-on accuracy. Polymarket’s CEO Shayne Copland has even claimed that prediction markets are “the most accurate thing we have as mankind right now.” However, these platforms blur ...
Prediction markets will let you bet on just about anything, from how many tweets Elon Musk will post this week to the next president of the United States, with predictions sometimes showing shockingly (or suspiciously) spot-on accuracy. Polymarket’s CEO Shayne Copland has even claimed that prediction markets are “the most accurate thing we have as mankind right now.” However, these platforms blur the lines — in terms of both function and regulation — between gambling and stock trading. As Bloomberg ’s Joe Weisenthal said on The Vergecast , “All of the lines between trading, speculating, [and] gambling are just being completely torn apart.” There are also ethical concerns surfacing around prediction markets, like whether it’s acceptable to be able to place a bet on virtually everything, along with concerns about insider trading. For instance, a newly-created Polymarket account made over $400,000 in January betting on the capture of Venezuelan leader Nicolás Maduro. Portugal orders Polymarket to shut down. Blood for stonks Someone made a ton of money betting on Maduro’s capture Kalshi and Polymarket keep partnering with fake newsbreaker accounts on X. Everything is gambling now Election night at Kalshi HQ Here’s the $2,000 fully AI-generated ad that aired during the NBA Finals Are prediction markets gambling? Robinhood CEO Vlad Tenev is betting not Polymarket quietly raised more money before the FBI raided the CEO’s apartment. The FBI reportedly seized the phone of Polymarket’s CEO. Why Robinhood’s CEO thinks prediction markets are here to stay Presidential betting platform Kalshi loads up on debt. Robinhood admits it’s just a gambling app
The Wendy's Company ( WEN ) plans to increase its presence in Mexico, with a particular focus on Tijuana and the broader Baja California region. The restaurant company has set the region as its next priority development hub and is recruiting an experienced franchise partner to lead that build‑out, with additional white space flagged in Baja California Sur and Sonora. T Looking ahead, Wendy's ( WEN...
The Wendy's Company ( WEN ) plans to increase its presence in Mexico, with a particular focus on Tijuana and the broader Baja California region. The restaurant company has set the region as its next priority development hub and is recruiting an experienced franchise partner to lead that build‑out, with additional white space flagged in Baja California Sur and Sonora. T Looking ahead, Wendy's ( WEN ) sees Mexico as a "high‑potential" market that can ultimately support more than 400 restaurants, in comparison to the just over 40 units in operation today. On a broader basis, Wendy's ( WEN ) is positioning Mexico as a strategic hub for its wider Latin American growth plans. To attract prospective operators, Wendy's ( WEN ) is hosting a Wendy’s Day franchise recruiting event in San Diego on February 10, offering interviews, tours, and brand education, and is directing candidates to its international franchising site. The company has also made recent investments in local marketing, a national marketing fund, supply chain capabilities, and technology upgrades to support rapid new‑unit growth and digital ordering across Mexico. Wendy's ( WEN ) history in Mexico dates back roughly three decades, with expansion beginning in the late 1980s as part of the chain’s early international push. By 2001, Tijuana hosted Wendy’s 6,000th global restaurant, operated by franchisee Wenco Mexico, underscoring the border region’s longstanding strategic role. The last update from Wendy's ( WEN ) on Mexico indicates that it had more than 40 restaurants in the nation. More on Wendy's Wendy's: Turnaround Execution Has Become Unreliable (Downgrade) The Wendy's Company: Valuation Has Priced In The Weak Fundamentals (Rating Upgrade) Wendy's: Too Cheap To Ignore While It Tries To Revitalize The Brand Wendy's makes progress on its CEO search Wendy's to close hundreds of underperforming restaurants
yucelyilmaz/iStock via Getty Images Shares of York Space Systems ( YSS ) climbed 7.2% Thursday after the satellite manufacturer raised $629 million in an upsized initial public offering in the U.S. The stock traded as high as $38.37 by early afternoon, above the $34 IPO price. The space and defense company sold 18.5 million shares, increasing the size of the deal from an initial plan to offer 16 m...
yucelyilmaz/iStock via Getty Images Shares of York Space Systems ( YSS ) climbed 7.2% Thursday after the satellite manufacturer raised $629 million in an upsized initial public offering in the U.S. The stock traded as high as $38.37 by early afternoon, above the $34 IPO price. The space and defense company sold 18.5 million shares, increasing the size of the deal from an initial plan to offer 16 million shares at a range of $30 to $34. Based on the number of shares outstanding disclosed in regulatory filings, the offering values the company at about $4.65 billion. York’s ( YSS ) market debut comes amid heightened investor interest in defense-related companies and ahead of a widely anticipated public listing by SpaceX ( SPACE ), which is expected to be one of the largest IPOs on record. That interest has been reinforced by geopolitical developments and renewed pressure from President Donald Trump on U.S. allies to boost defense spending, alongside his proposal to lift the U.S. military budget to $1.5 trillion by 2027. The company has highlighted its potential role in the proposed Golden Dome missile-defense initiative, a project the White House has estimated could cost $175 billion, though independent analysis suggests the ultimate cost could be significantly higher. York has supplied satellites to the U.S. Space Development Agency’s low-earth-orbit constellation, a program expected to play a role in the Golden Dome architecture. Founded in 2012, York designs, builds and operates satellites for government and commercial customers. Chief Executive Officer Dirk Wallinger previously held positions at defense contractors including Lockheed Martin ( LMT ) and General Dynamics ( GD ) before launching the company. York’s ( YSS ) primary customers include the U.S. Air Force and the Space Development Agency, which accounts for most of its revenue and backlog. The company reported having completed 74 missions and accumulated more than four million hours in orbit, according to ...
In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNT Apple CEO Tim Cook joins Apple employees at the Apple store as customers line up for the release of Apple new iPhone 17 models in New York on Sept. 19, 2025. Angela Weiss | AFP | Getty Images Apple has acquired Israeli artificial intelligence startup Q.ai, a company representative confirmed on Thursday. No purchase price was disc...
In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNT Apple CEO Tim Cook joins Apple employees at the Apple store as customers line up for the release of Apple new iPhone 17 models in New York on Sept. 19, 2025. Angela Weiss | AFP | Getty Images Apple has acquired Israeli artificial intelligence startup Q.ai, a company representative confirmed on Thursday. No purchase price was disclosed. Q.ai was secretive and had not publicly shared a product, but its website suggests it was working on something related to audio. The startup was led by CEO Aviad Maizels, who previously sold PrimeSense to Apple in 2013 . "We're thrilled to acquire the company, with Aviad at the helm, and are even more excited for what's to come," Johny Srouji, Apple senior vice president of hardware technologies, told Reuters , which first reported the news. Srouji leads Apple's chip development. The company was backed by investors including GV ( Google Ventures), Kleiner Perkins and Spark Capital, according to PitchBook, which says Q.ai was working on a "communication enhancement technology." Apple's AirPods have been upgraded with AI in recent years, including a live translation feature and intelligent noise cancelling that can tell when the user is in a conversation. Some investors have called on Apple to make a big acquisition in AI as its megacap peers pour money into cutting-edge models and the infrastructure to run them. Meanwhile, Apple's products, like a more personal Siri that can use apps, have faced delays . Apple more commonly buys smaller companies with specific technologies that it can integrate into its products. Apple also announced a deal with Google earlier this month to have its Gemini models power some Apple Intelligence features. "We're very open to M&A that accelerates our roadmap," Apple CEO Tim Cook said in July . PrimeSense, Maizels' prior startup, developed technology that allowed sensors to detect the distance between objects, and was integrated into Apple...
據報有新上架棚網未達阻燃標準 何炳德:或地盤自行採購批次出問題 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】有傳媒報道屋宇署抽查檢驗承建商新上架的棚網,發現一宗未達阻燃標準。港九搭棚同敬工會理事長何炳德說,經建...
據報有新上架棚網未達阻燃標準 何炳德:或地盤自行採購批次出問題 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】有傳媒報道屋宇署抽查檢驗承建商新上架的棚網,發現一宗未達阻燃標準。港九搭棚同敬工會理事長何炳德說,經建造業議會採購的棚網仍未被屋宇署抽查,或有自行採購棚網的地盤批次出問題。 何炳德:「經議會派出去的基本上已經全部通過檢測,直接可以掛上網。在屋宇署那邊還未開始進行對議會派出去的網、掛上去的進行抽檢,還未去到這個動作,可能是新搭起或者近期搭起的棚網,未能在議會購買,非登記地盤的棚網,就要自行出去買。」
It was probably fitting that the first call from someone with genuine power should emanate from Germany, long one of soccer’s moral centers. “The time has definitely come,” German soccer federation vice-president Oke Göttlich told the Hamburger Morgenpost, “to seriously consider and discuss” a boycott of the 2026 World Cup. “What were the justifications for the boycotts of the Olympic Games in the...
It was probably fitting that the first call from someone with genuine power should emanate from Germany, long one of soccer’s moral centers. “The time has definitely come,” German soccer federation vice-president Oke Göttlich told the Hamburger Morgenpost, “to seriously consider and discuss” a boycott of the 2026 World Cup. “What were the justifications for the boycotts of the Olympic Games in the 1980s?” added Göttlich, who is also the president of FC St. Pauli, Hamburg’s earnestly countercultural club. “By my reckoning, the potential threat is greater now than it was then. We need to have this discussion.” Meanwhile, Fifa’s disgraced former president Sepp Blatter, long the sport’s amoral center, now almost 90 years old and never one to pass up the opportunity to take a swing at his successor, further undermined this World Cup. On Monday, he endorsed comments by a former Fifa anti-corruption lawyer – breaks fourth wall to glance directly into the camera with a smirk – to “avoid the United States!” The heads of about 20 European soccer federations discussed the possibility of a boycott. And between Donald Trump’s threats against Greenland, his administration’s actions in Venezuela, his various travel bans, and killings by federal agents during his immigration crackdown, clearly some kind of international rebuttal is called for. But whether soccer’s authorities are really in any position to do so is questionable. And the cost and ramifications of a potential boycott should be fully thought through. For one thing, it’s worth considering who will actually be punished. It’s doubtful that Trump cares enough about the World Cup to save it from a would-be boycott by backing down on the policies mentioned above. If there were no longer a margin in it for him, he’d likely do much the same as he will with the upcoming Super Bowl: dismiss it, ignore it, and move on. The Trump administration, then, probably wouldn’t be materially hurt by a World Cup boycott. It may be embarrass...
By Echo Wang and Joey Roulette NEW YORK, Jan 29 (Reuters) - Elon Musk's SpaceX and xAI are in discussions to merge ahead of a blockbuster public offering planned for later this year. The combination would bring Musk’s rockets, Starlink satellites, the X social media platform and Grok AI chatbot under one roof, according to a person briefed on the matter and two recent company filings seen by Reut...
By Echo Wang and Joey Roulette NEW YORK, Jan 29 (Reuters) - Elon Musk's SpaceX and xAI are in discussions to merge ahead of a blockbuster public offering planned for later this year. The combination would bring Musk’s rockets, Starlink satellites, the X social media platform and Grok AI chatbot under one roof, according to a person briefed on the matter and two recent company filings seen by Reuters. The plan, which Reuters is reporting exclusively, would give fresh momentum to SpaceX’s effort to launch data centers into orbit as Musk battles for supremacy in the rapidly escalating AI race against tech giants like Google, Meta and OpenAI. Musk, the world's richest man, is the CEO of both the private space company SpaceX and the artificial intelligence company xAI, which controls his social media platform X. He also runs electric automaker Tesla, tunnel company The Boring Co. and neurotechnology company Neuralink. Musk, SpaceX, and xAI did not respond to requests for comment. Under the proposed merger, shares of xAI would be exchanged for shares in SpaceX. Two entities have been set up in Nevada to facilitate the transaction, the person said. Reuters could not determine the value of the deal, its primary rationale, or its potential timing. Corporate filings in Nevada show that those entities were set up on January 21. One of them, a limited liability company, lists SpaceX and Bret Johnsen, the company's chief financial officer, as managing members, while the other lists Johnsen as the company's only officer, the filings show. The filings don't contain additional information about the purpose of the companies or their role in any deal. Johnsen did not respond to a Reuters request for comment. The person, who requested anonymity because the discussions are confidential, said that some xAI executives could be given the option to receive cash instead of SpaceX stock as part of the deal. A final agreement, however, hasn't been signed, and the timing and structure of ...
Europe needs a digital euro to guarantee its autonomy from payment providers outside the region, European Central Bank Executive Board member Piero Cipollone said. “Today, Europe is significantly reliant on non-European payment systems and if we don’t do anything this reliance will increase,” Cipollone said Thursday in Rome. “It’s critical infrastructure for the functioning of the economy and putt...
Europe needs a digital euro to guarantee its autonomy from payment providers outside the region, European Central Bank Executive Board member Piero Cipollone said. “Today, Europe is significantly reliant on non-European payment systems and if we don’t do anything this reliance will increase,” Cipollone said Thursday in Rome. “It’s critical infrastructure for the functioning of the economy and putting it off would mean accepting a structural vulnerability.” The ECB has been pushing for a digital counterpart to banknotes and coins for years to reduce the continent’s reliance on firms like Visa, Mastercard and PayPal for retail payments. Fears about excessive financial dependency on the US have been heightened by Donald Trump ’s latest trade threats. In a joint interview with La Stampa, Cipollone reiterated to Bloomberg that the digital euro could start its pilot phase in 2027 and begin issuance in 2029. “It’s not, however, about reacting to someone, but about acting on our mandate,” he said. “The ECB must guarantee the proper functioning of payment systems and such a marked dependency on extra-European systems in such a crucial sector represents a systemic risk.” While the main goal is domestic, the infrastructure — once in place — could be expanded to allow use by countries outside the euro area, he said. The ECB launched its digital-euro push in 2021, but is still awaiting a legal framework. More than two years after the European Commission issued its proposal in 2023, member states in December agreed on a common position. The biggest roadblock is the European Parliament, which must still finalize its stance, with some lawmakers preferring a private-sector solution. Separately, Cipollone discussed stablecoins, which are championed by Trump but — according to the IMF — could threaten traditional lending, undermine monetary policy and spark a run on some of the world’s safest assets. Cipollone said the instruments could “threaten financial stability” in Europe, sugges...
Key Points Moseley Investment Management bought 456,322 IBTG shares; estimated trade size $10.45 million (based on average closing prices for the quarter). Quarter-end IBTG position value rose by $10.41 million, reflecting both trading and price changes. IBTG trade represented a 3.23% increase against total 13F reportable AUM. Post-trade IBTG stake: 822,855 shares valued at $18.82 million. The IBT...
Key Points Moseley Investment Management bought 456,322 IBTG shares; estimated trade size $10.45 million (based on average closing prices for the quarter). Quarter-end IBTG position value rose by $10.41 million, reflecting both trading and price changes. IBTG trade represented a 3.23% increase against total 13F reportable AUM. Post-trade IBTG stake: 822,855 shares valued at $18.82 million. The IBTG position now represents 5.82% of Moseley's 13F AUM, making it the fund's second-largest holding. These 10 stocks could mint the next wave of millionaires › On January 20, 2026, Moseley Investment Management disclosed a significant buy of iShares iBonds Dec 2026 Term Treasury ETF (NASDAQ:IBTG), acquiring 456,322 shares in an estimated $10.45 million trade based on quarterly average pricing. What happened According to a January 20, 2026, SEC filing, Moseley Investment Management increased its stake in iShares iBonds Dec 2026 Term Treasury ETF by 456,322 shares. The estimated value of the buy was $10.45 million, calculated using the quarter’s average closing price. At the end of the quarter, the position’s value grew by $10.41 million, reflecting both share additions and price shifts. What else to know IBTG buy brings position to 5.82% of MOSELEY’s 13F reportable AUM Top holdings after the filing: NASDAQ:AAPL: $19.32 million (6.0% of AUM) NASDAQ:IBTG: $18.8 million (5.8% of AUM) NASDAQ:IBTI: $15.75 million (4.9% of AUM) NASDAQ:GOOGL: $13.6 million (4.2% of AUM) NASDAQ:AVGO: $11.38 million (3.5% of AUM) As of January 19, 2026, IBTG shares were priced at $22.92, up 4.61% over the past year, underperforming the S&P 500 by 12.28 percentage points. IBTG’s annualized dividend yield stands at 4.02%; the price is 0.29% below its 52-week high as of January 20, 2026. ETF overview Metric Value AUM $2.35 billion Dividend Yield 4.02% Price (as of market close January 16, 2026) $22.92 1-Year Total Return 4.61% ETF snapshot Investment strategy focuses on tracking a maturity-defined index o...
Microsoft Corp. is on track for the record books Thursday, as its more than $400 billion wipeout in stock market valuation would be the second-largest in history if it holds through the close. Shares of the software giant were down 12% as of 1:20 p.m., their biggest intraday plunge since March 2020, erasing roughly $424 billion in market value. The decline was triggered by Microsoft’s earnings aft...
Microsoft Corp. is on track for the record books Thursday, as its more than $400 billion wipeout in stock market valuation would be the second-largest in history if it holds through the close. Shares of the software giant were down 12% as of 1:20 p.m., their biggest intraday plunge since March 2020, erasing roughly $424 billion in market value. The decline was triggered by Microsoft’s earnings after the bell Wednesday, which showed record spending on artificial intelligence as growth at its key cloud unit slowed. The only larger one-day valuation destruction in stock market history was Nvidia Corp. ’s $593 billion rout last year after the launch of DeepSeek’s low-cost AI model. Microsoft’s move is larger than the market capitalizations of about 96% of S&P 500 Index members and bigger than the values of stock markets in countries such as Finland, Vietnam and Poland, according to data compiled by Bloomberg The chill is being felt elsewhere as well, with peers including Alphabet Inc. and Nvidia each shedding more than $100 billion at one point on Thursday. The selloff comes amid heightened skepticism from investors that the hundreds of billions of dollars Big Tech is spending on AI will eventually pay off. Microsoft’s results showed a 66% rise in capital expenditures in its most recent quarter to a record $37.5 billion, while growth at its closely tracked Azure cloud-computing unit slowed from the prior quarter. “Since it is becoming even more evident that Microsoft is not going to garner a strong ROI from their massive AI investment, their shares need to be revalued back down to a level that is more consistent with its historic fair value,” said Matthew Maley , Chief Market Strategist at Miller Tabak + Co. The roughly 12% drop in Microsoft’s share price is among the worst in its history. Since it’s initial public offering in 1986, the stock has only seen a handful of days with bigger declines, including on Black Monday in 1987, during the dot-com bubble, and at the he...
Israeli, Saudi Officials Swarm DC As Trump Weighs Iran Strike Options Senior Saudi and Israeli defense and intelligence officials are converging on Washington this week as the Trump administration weighs potential US strikes on Iran, according to Axios . This as the same report also observes : " A 'limited strike' is an illusion . Any military action by the U.S. — from any origin and at any level...
Israeli, Saudi Officials Swarm DC As Trump Weighs Iran Strike Options Senior Saudi and Israeli defense and intelligence officials are converging on Washington this week as the Trump administration weighs potential US strikes on Iran, according to Axios . This as the same report also observes : " A 'limited strike' is an illusion . Any military action by the U.S. — from any origin and at any level — will be considered an act of war and the response will be immediate, all out, and unprecedented , targeting the heart of Tel Aviv and all those supporting the aggressor," Ali Shamkhani, a top adviser to Iran's supreme leader, wrote on X. Israeli officials, including IDF Intelligence Directorate chief Maj. Gen. Shlomi Binder, are reportedly presenting intelligence on Iranian targets to Pentagon, CIA, and White House officials , while Saudi counterparts are attempting to slow-walk Washington away from outright war. The Saudis lately joined the Emirates in barring the Pentagon for using airspace for any strikes. Saudi Arabia Defense Minister Prince Khalid bin Salman & US Secretary of State Marco Rubio during a prior meeting. Moneymaker/Getty Images Gen. Binder met with senior US defense and intelligence officials on Tuesday and Wednesday, while Saudi Defense Minister Khalid bin Salman - brother of Crown Prince Mohammed bin Salman - is expected to hold talks with Secretary of State Marco Rubio and Trump envoy Steve Witkoff later this week. Behind closed doors, Trump is said to be considering targeted strikes on Iranian security forces and leadership figures in a bid to trigger internal unrest , Reuters has reported. Secretary Rubio yesterday floated before a Senate hearing the idea that the US must "preemptively prevent" Iran from attacking American forces already in the region, in an interesting display of war logic. But CNN says stalled US-Iran talks over Tehran's nuclear and missile programs have only hardened Washington’s appetite for escalation - raising the odds th...
Covert meetings between separatist activists in the Canadian province of Alberta and members of Donald Trump’s administration amount to “treason”, the premier of British Columbia said on Thursday. “To go to a foreign country and to ask for assistance in breaking up Canada, there’s an old-fashioned word for that – and that word is treason,” David Eby told reporters. “It is completely inappropriate ...
Covert meetings between separatist activists in the Canadian province of Alberta and members of Donald Trump’s administration amount to “treason”, the premier of British Columbia said on Thursday. “To go to a foreign country and to ask for assistance in breaking up Canada, there’s an old-fashioned word for that – and that word is treason,” David Eby told reporters. “It is completely inappropriate to seek to weaken Canada, to go and ask for assistance, to break up this country from a foreign power and – with respect – a president who has not been particularly respectful of Canada’s sovereignty.” The revelations that far-right activists met US state department officials first emerged in a Financial Times report outlining the efforts a group of increasingly emboldened separatists are taking in their attempt to secede from Canada. A minority of residents of the oil-rich province have long argued that the province’s woes are due to the structure of payments to the federal government and a perceived inability to get their vast fossil fuel reserves to market. Organizers of the Alberta independence movement, which still boasts only minority support, are now collecting signatures to trigger a referendum there. The pro-independence campaign has been travelling across the province as organizers try to collect nearly 178,000 signatures over the next few months. The group has publicly said it wants a $500bn credit facility from the US treasury to help fund the creation of a new country if their referendum is successful. “I think that while we can respect the right of any Canadian to express themselves to vote in a referendum, I think we need to draw the line at people seeking the assistance of foreign countries to break up this beautiful land of ours,” Eby told reporters, adding he would raise this at a meeting of provincial leaders later in the day. Alberta’s premier, Danielle Smith, who has rejected the idea of separation and said she “supports a strong and sovereign Alberta w...
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Blackstone President Jon Gray, Ethos CEO & Co-Founder Peter Colis, Citi Global Head of Commodities Research Max Layton (Source: Bloomberg)
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Blackstone President Jon Gray, Ethos CEO & Co-Founder Peter Colis, Citi Global Head of Commodities Research Max Layton (Source: Bloomberg)
Concerns about slowing growth and a pricey valuation rocked the stock. Shares of ServiceNow (NOW 11.62%) fell off a cliff Thursday morning, plunging as much as 12.7%. As of 1:21 p.m. ET, the stock was still down 12%. The catalyst that sent the workflow automation and artificial intelligence (AI) specialist plummeting was its quarterly earnings report. For the fourth quarter, ServiceNow delivered r...
Concerns about slowing growth and a pricey valuation rocked the stock. Shares of ServiceNow (NOW 11.62%) fell off a cliff Thursday morning, plunging as much as 12.7%. As of 1:21 p.m. ET, the stock was still down 12%. The catalyst that sent the workflow automation and artificial intelligence (AI) specialist plummeting was its quarterly earnings report. For the fourth quarter, ServiceNow delivered revenue of $3.57 billion, an increase of 21% year over year and 20% in constant currency. This drove adjusted earnings per share (EPS) to $0.92, an increase of 24%. For context, analysts' consensus estimates were calling for revenue of $3.53 billion and EPS of $0.88, so ServiceNow sailed past Wall Street's expectations. Subscription revenue climbed 21% year over year, and the company's remaining performance obligation (RPO), which provides insight into future revenue, climbed 27% to $28.2 billion. The current portion of RPO, which will be recognized over the coming year, jumped 25% to $12.85 billion, putting a floor under ServiceNow's revenue for the next four quarters. Despite delivering better-than-expected results, the stock is falling. Why? ServiceNow's focus on AI notwithstanding, investors fear competitors will be able to replicate its process automation software using their own AI tools. It isn't a coincidence that many software and software-as-a-service (SaaS) stocks have taken a beating lately. Expand NYSE : NOW ServiceNow Today's Change ( -11.62 %) $ -15.06 Current Price $ 114.56 Key Data Points Market Cap $135B Day's Range $ 113.13 - $ 118.96 52wk Range $ 113.13 - $ 211.48 Volume 39M Avg Vol 10M Gross Margin 78.05 % Furthermore, ServiceNow's recent acquisition spree has cast a pall over the company. Fresh on the heels of its $2.85 billion acquisition of AI agent specialist Moveworks, ServiceNow announced plans to acquire cybersecurity start-up Armis for $7.75 billion. While these acquisitions beef up ServiceNow's AI pedigree, they also bring the risks that come wi...
Shares of Carnival Corporation ( CCL ) rose 7.31% to $30.82 in the afternoon trade on Thursday, extending gains for a seventh consecutive session. The stock had gained about 1.66% between January 21 and January 28, slightly over the 1.49% rise of the S&P 500 during the same period. The move followed a rebound after the shares snapped a six-session losing streak earlier in January, during which the...
Shares of Carnival Corporation ( CCL ) rose 7.31% to $30.82 in the afternoon trade on Thursday, extending gains for a seventh consecutive session. The stock had gained about 1.66% between January 21 and January 28, slightly over the 1.49% rise of the S&P 500 during the same period. The move followed a rebound after the shares snapped a six-session losing streak earlier in January, during which the stock had fallen more than 11%. Since then, Carnival has posted a string of modest daily gains, as cruise stocks broadly benefited from renewed optimism around travel demand and pricing visibility, alongside gains in peer names and renewed interest in liquid consumer-facing stocks. This was helped by broader strength across the cruise sector, as optimism around bookings, pricing, and revenue visibility supported sentiment. The rally followed strong gains in peer cruise stocks during the session, helping lift Carnival alongside the broader travel and leisure group. According to Seeking Alpha’s Quant Rating system,CCL is rated Buy, with a score of 4.42 out of 5, with grades of A in profitability, B in momentum, and B+ in revisions, offset by C in growth and C+ in valuation. Seeking Alpha analysts are positive on the stock. Turning to the Wall Street , 20 of 29 analysts rate Carnival at Buy or higher, while nine recommend Hold. An analyst said Carnival’s investment case has shifted “from demand recovery to pricing power,” citing strong net yield growth and high occupancy, and added that unifying its dual-listed structure is a “visible catalyst” that could improve liquidity, index inclusion, and drive a valuation re-rating. The shares have gained 1.28% over the past month and are up 0.46% year-to-date . More on Tractor Supply Company (TSCO) Q4 2025 Earnings Call Transcript STMicroelectronics N.V. (STM) Q4 2025 Earnings Call Transcript Sibanye Stillwater Limited (SBSW) Discusses Group Strategy Update and Emphasis on Safety Priorities - Slideshow STMicroelectronics targets $1B d...
Adidas AG reported stronger-than-expected fourth-quarter profits and announced a new share buyback program as the German brand looks to maintain its momentum with retro sneakers and new running and football products. The German sportswear company generated operating profit of €164 million ($196 million) in the fourth quarter, it said in a statement of preliminary figures late Thursday. That exceed...
Adidas AG reported stronger-than-expected fourth-quarter profits and announced a new share buyback program as the German brand looks to maintain its momentum with retro sneakers and new running and football products. The German sportswear company generated operating profit of €164 million ($196 million) in the fourth quarter, it said in a statement of preliminary figures late Thursday. That exceeded analyst estimates and drove full-year operating profit slightly above its forecast from October. The company further announced a €1 billion share buyback program that will start in February and be financed through the company’s cash flow generation this year. It intends to terminate the repurchased shares, it said. Currency-neutral sales, however, only reached €6.08 billion for the quarter, slightly behind analyst estimates. Adidas’s performance has suffered from the weaker US dollar and tariffs, with currency swings impacting its revenue by more than €1 billion last year, it said. The company’s American depositary receipts rose 1.5% after the close of trading in Europe. Adidas shares have fallen more than 40% in the past year. Chief Executive Officer Bjorn Gulden is hoping to forge more growth engines — particularly with sports products — after capitalizing from robust demand for its three-striped retro sneaker models including the Samba and Gazelle. The Norwegian is entering his fourth year as CEO, which he’s long pointed to as the time when Adidas should become a “healthy company” again. He has talked of striving to grow sales at double-digit rates and reach an operating profit margin of at least 10%. Investors have cast skepticism on Adidas’s ambitions, with some analysts suggesting the world’s years-long sneaker boom is slowing. Gulden is hoping Adidas can keep grabbing market share from rival Nike Inc. , which is looking to stage a comeback after years of struggles. Both companies are hoping to capitalize on the coming football World Cup in North America this year....