Pawel Kacperek/iStock via Getty Images Investment Team Derek Smashey, CFA Lead Portfolio Manager John Indellicate, CFA Portfolio Co-Manager Jason Votruba, CFA Portfolio Co-Manager Eric Chenoweth, CFA Portfolio Co-Manager Characteristics Total Net Assets (billions): $3.21 Number of holdings: 118 Top 10 Holdings ATI ( ATI ) First Horizon ( FHN ) Viper Energy ( VNOM ) Citizens Financial Group ( CFG ) Agree Realty ( ADC ) WEC Energy Group ( WEC ) Huntington Bancshares ( HBAN ) Atmos Energy ( ATO ) CenterPoint Energy ( CNP ) Evergy ( EVRG ) Market Overview Major U.S. equity indices provided solid positive fourth-quarter returns. The Russell Midcap® Index return lagged, though gains were nominally positive. U.S. equity returns were bolstered by strong corporate earnings revisions and lower short-term interest rates. Despite the long-lasting government shutdown, market volatility remained calm as investors looked past the shutdown and focused on an optimistic 2026 consensus outlook. Sector return dispersion was high for the Russell Midcap Index, led by healthcare, materials, and information technology. Communication services, real estate, and utilities lagged as investors favored higher beta or more cyclical stocks. The macroeconomic environment was relatively constructive, as gross domestic product (GDP) estimates rose above the third-quarter outlook. The U.S. Federal Reserve (Fed) twice cut rates by 25 basis points because of labor market concerns. Unemployment remains low, with a November reading of 4.6%, though it is trending higher. The employment picture was widely described as “no hire, no fire,” as employers held on to their staff but were reluctant to hire more help. Finally, inflation remained higher than Fed officials desire, but long-term inflation expectations remained well-anchored and recent inflation readings are encouraging. Rising unemployment combined with high but declining inflation expectations likely have paused the Fed on cutting rates, positioning ...

Comcast said its Peacock streaming service booked a $552 million adjusted Ebitda loss in the fourth quarter, largely due to costs associated with its NBA broadcast deal.

格隆汇1月30日｜美国总统特朗普：与礼来公司负责人通话，对方表示他们正在建设6家工厂。

What Happened? Shares of technology giant Microsoft (NASDAQ:MSFT) fell 11.8% in the afternoon session after the company reported mixed fourth quarter earnings: Business Services and Intelligent Cloud revenue beat, but Personal Computing missed. EPS, even after removing the impacts of OpenAI, also beat expectations. However, the magnitude of the beat in Intelligent Cloud and Azure's growth rate could be called into question by some investors hoping for stronger results, aided by AI products and services. Looking ahead, management expects demand for Microsoft 365 Copilot, GitHub Copilot, and AI-driven business applications to continue driving growth, but cautioned that capital allocation and supply constraints could affect the pace of expansion. Zooming out, we think this was still a good print with some key areas of upside, but the market was expecting more. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Microsoft? Access our full analysis report here, it’s free. What Is The Market Telling Us Microsoft’s shares are not very volatile and have only had 3 moves greater than 5% over the last year. Moves this big are rare for Microsoft and indicate this news significantly impacted the market’s perception of the business. The previous big move we wrote about was 6 days ago when the stock gained 4% on the news that a UBS analyst reiterated a Buy rating with a $600 price target. The analyst argued that "continued ramp of the big Fairwater AI data centers in both Atlanta (which went live in October) and Wisconsin (going live in 1Q26)" are "key near-term catalysts for Microsoft Azure growth." Adding to the positive sentiment, the company announced a multiyear partnership with the Mercedes-AMG PETRONAS F1 Team to use the company's cloud and enterprise AI technologies. The collaboration was set to place Microsoft Azure and AI at the center of the racing team's operations, from the factory...

Why Microsoft (MSFT) Shares Are Falling Today Yahoo Finance

What Happened? Shares of technology giant Microsoft MSFT fell 11.8% in the afternoon session after the company reported mixed fourth quarter earnings: Business Services and Intelligent Cloud revenue beat, but Personal Computing missed. EPS, even after removing the impacts of OpenAI, also beat expectations. However, the magnitude of the beat in Intelligent Cloud and Azure's growth rate could be called into question by some investors hoping for stronger results, aided by AI products and services. Looking ahead, management expects demand for Microsoft 365 Copilot, GitHub Copilot, and AI-driven business applications to continue driving growth, but cautioned that capital allocation and supply constraints could affect the pace of expansion. Zooming out, we think this was still a good print with some key areas of upside, but the market was expecting more. What Is The Market Telling Us Microsoft’s shares are not very volatile and have only had 3 moves greater than 5% over the last year. Moves this big are rare for Microsoft and indicate this news significantly impacted the market’s perception of the business. The previous big move we wrote about was 6 days ago when the stock gained 4% on the news that a UBS analyst reiterated a Buy rating with a $600 price target. The analyst argued that "continued ramp of the big Fairwater AI data centers in both Atlanta (which went live in October) and Wisconsin (going live in 1Q26)" are "key near-term catalysts for Microsoft Azure growth."Adding to the positive sentiment, the company announced a multiyear partnership with the Mercedes-AMG PETRONAS F1 Team to use the company's cloud and enterprise AI technologies. The collaboration was set to place Microsoft Azure and AI at the center of the racing team's operations, from the factory to the track, for simulation, performance analysis, and race strategy. This news arrived at a time when investors were looking for signs that Microsoft's investments in AI and cloud expansion were translating...

Every Sunday in Bogotá, streets across the city are closed to cars and transformed into urban parks. Shirtless rollerbladers with boomboxes drift leisurely in figures of eight, Lycra-clad cyclists zoom downhill and young children wobble nervously as they pedal on bikes for the first time. This is perhaps the most visible component of a multipronged plan to clean up the Colombian capital’s air. At the turn of the century, Bogotá was one of Latin America’s most polluted cities, with concentrations of harmful particulates at seven times the World Health Organization’s limits. In the last decade the city of 8 million has started to turn that around, cutting air pollution by 24% between 2018 and 2024. Part of the shift has been the city’s embrace of the bicycle and other forms of clean transport. There are now 350 miles of cycle lanes snaking across the city, the largest cycle lane network in Latin America. Bogotá has also quietly rolled out 1,400 electric buses, one of the world’s largest sustainable bus fleets, and there are three new cable car lines (two under construction) to take people to and from the mountains. Organisations working with the administration say Bogotá is a model for developing economies to follow not just in cleaning up the air and fighting climate change but in rethinking their cities. “Bogotá is living proof of how cities can cut air pollution, fight climate change and give their residents healthier futures,” says Jaime Rueda, the Bogotá lead at Breathe Cities, a global initiative helping cities tackle air pollution. Rueda says that while cities usually start by tackling air pollution in the most affluent areas, Bogotá started rolling out clean air zones – zonas urbanas por un mejor aire (Zumas), or urban zones for better air – in the most polluted, such as Bosa in the south of the city, one of Bogotá’s poorest neighbourhoods and home to more than 700,000 socially vulnerable residents and, critically, one of the main routes into the centre. At on...

What Happened? Shares of social network operator Meta Platforms (NASDAQ:META) jumped 9.2% in the afternoon session after the company reported fourth-quarter 2025 earnings that surpassed Wall Street's expectations and provided a strong revenue forecast for the upcoming quarter. Revenue for the quarter climbed 23.8% year over year to $59.89 billion, while earnings per share came in at $8.88, both beating analyst projections. This growth was supported by a 6.9% increase in daily active people across its family of apps. Looking ahead, Meta's revenue guidance for the first quarter of 2026 had a midpoint of $55 billion, comfortably ahead of analysts' expectations of $51.34 billion. Management's guidance reflected strong expectations for further gains from AI investments, ongoing product rollouts, and infrastructure expansion. Zuckerberg stated that 2026 is expected to be a pivotal year for "personal superintelligence," with new AI models and agentic products set to launch across Meta's ecosystem. The impressive top-and-bottom-line beats, coupled with a robust outlook, signaled strong business momentum to investors. Is now the time to buy Meta? Access our full analysis report here, it’s free. What Is The Market Telling Us Meta’s shares are not very volatile and have only had 8 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. The previous big move we wrote about was 7 days ago when the stock gained 4.7% on the news that investor optimism grew following positive analyst commentary and the company's announcement that it would begin showing ads on its Threads platform. Jefferies analysts noted the stock traded at a discount compared to Alphabet and that the high costs of AI investment were likely already factored into the price. The firm also highlighted that Meta's AI-powered ad tools had surpassed a $60...

Welcome to Bloomberg’s Texas Edition — covering all the industries and people driving America’s second-largest economy, from finance and oil to tech and sports. Join us each week for an inside look at Texas through a Bloomberg lens. Sign up here if you’re not already on the list. Michael Burry of Big Short fame has turned his sights back to Texas — with a bullish call. His target: GameStop . “I like the setup, the governance, the strategy as I see it,” Burry wrote in a Substack post. It’s Take Two of sorts for the investor who rocketed to prominence with huge bearish bets on US residential real estate before the Great Recession. Burry, 54, bought into GameStop after investor Ryan Cohen took a stake in the Grapevine-based retailer in 2020 en route to becoming CEO and chairman . Burry later sold his holdings, and now he’s adding shares again. “I am willing to hold long-term,” he wrote. Burry’s nod to GameStop was among the few Texas story lines to break through in a week dominated by cold and ice and more cold and ice (more on that below). Traders paid attention, sending volume in GameStop surging about fourfold its daily average and pushing up the stock 4.4% to $24.01. While that's a far cry from the all-time high of $86.88 set five years ago this week, it’s definitely better than the $5-ish days in the late 2010s . The Fine Line Texas has dug out after the storm that brought us cold, rain and snow ( Grateful Dead fan here ). Many roads were sheets of ice for several days. I don’t remember the streets in Dallas being this deserted since the storm of 2021. The good news this time around is most people had power . I joined The Close on Bloomberg Television with Romaine Bostick and Katie Greifeld to discuss what is next for the Texas electric grid. Here is part of that interview . Still, the disruptions were sweeping. More than 200 counties were under a disaster declaration. Refinery flares lit up the Houston Ship Channel late Sunday and into Monday morning, energy repo...

The S&P 500 Index ($SPX) (SPY) today is down -0.41%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.80%. March E-mini S&P futures (ESH26) are down -0.39%, and March E-mini Nasdaq futures (NQH26) are down -0.88%. Stock indexes are under pressure today on some mixed megacap technology earnings results. Meta Platforms is up more than +7% after giving a revenue outlook that was much stronger than expected. Also, International Business Machines is up more than +7% after reporting Q4 results that beat expectations. However, Microsoft is sinking more than -10% after reporting underwhelming growth in its cloud business and higher-than-expected expenses. Join 200K+ Subscribers: WTI crude oil (CLH26) prices are up more than +4% to a 4.25-month high today to lift energy producers after President Trump on Wednesday said that he wants Iran to come to the table and negotiate a nuclear deal that is “a fair and equitable deal with No Nuclear Weapons.” He warned Iran that time is running out to make a deal with the US, noting that a fleet of US warships entering the region is ready to complete their mission “with speed and violence.” Precious metals are soaring today, with gold (GCG26) and silver (SIH26) up more than +3% to new record highs and copper (HGH26) up more than +8% to an all-time high. Concerns over dollar weakness and uncertain US policies are fueling investor flight from dollar assets into precious metals as the debasement trade picks up steam. US weekly initial unemployment claims fell -1,000 to 209,000, showing a slightly weaker labor market than expectations of 205,000. However, continuing claims fell -38,000 to a 6-month low of 1.827 million, showing a stronger labor market than expectations of 1.850 million. The US Nov trade deficit was -$56.8 billion, wider than expectations of -$44.0 billion and the largest deficit in 4 months. Threats to stocks and the dollar remain. President Trump has threatened ...

00:00 Speaker A Why we should care about what Elon said about S and X. And if you are, if you like Tesla, you got to care because now he's going to take those factory lines and he's going to start pumping out humanoid robots. At some point, Elon's got to, I mean, we need to see these robots and they need to start making money, and they need to start making money real soon. 00:19 Speaker B Right. And I think, you know, he's taking us down that road. He's made it very clear that that's where he wants to go. And he's even showed us, right? In certain, you know, you could see it in next post, you could see it conferences, whatever, he brings out the the robots, they talk about it. I think it is the future. I think he's going to bring it there. Look, Elon Musk doesn't promise and not deliver. He promises and he delivers. And so, it's a matter of time of, you know, converting that that manufacturing from cars to these robots, but I suspect that it's going to be very exciting and I suspect that he's going to do it, and he's going to do it in a big way. 00:54 Speaker A Al, let me lean into your balance sheet analysis skill set. We were just talking, we were just listening to you talk about free cash flow on Microsoft. When Elon Musk hops on an earnings call and drops this uh mini bomb on everyone saying, we want to be able build Terafabs, essentially a big giant building that makes computer chips to fund his various ambitions on robo taxis and humanoids. Do you want to hear that from an investing standpoint? Because that is going to suck up free cash flow and that could impact the stock's valuation. 01:31 Speaker C So, Tesla has never traded like a normal stock. In terms of valuing it on free cash flow or earnings or any kind of traditional measure. So, on the one hand, yes, as an investor, that bothers me because that's a very expensive proposition. On the other hand, as a stock investor, uh, I don't know that that's actually going to end up mattering to Tesla's valuation ...

Texas Instruments is well-positioned for growth, margin strength, cash flow, and capital returns in 2026, and analysts are taking note.

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Source: Bloomberg, 4:59

Google DeepMind is opening up access to Project Genie, its AI tool for creating interactive game worlds from text prompts or images. Starting Thursday, Google AI Ultra subscribers in the U.S. can play around with the experimental research prototype, which is powered by a combination of Google’s latest world model Genie 3, its image generation model Nano Banana Pro, and Gemini. Coming five months after Genie 3’s research preview, the move is part of a broader push to gather user feedback and training data as DeepMind races to develop more capable world models. World models are AI systems that generate an internal representation of an environment, and can be used to predict future outcomes and plan actions. Many AI leaders, including those at DeepMind, believe world models are a crucial step to achieving artificial general intelligence (AGI). But in the nearer term, labs like DeepMind envision a go-to-market plan that starts with video games and other forms of entertainment and branches out into training embodied agents (aka robots) in simulation. DeepMind’s release of Project Genie comes as the world model race is beginning to heat up. Fei-Fei Li’s World Labs late last year released its first commercial product called Marble. Runway, the AI video generation startup, has also launched a world model recently. And former Meta chief scientist Yann LeCun’s startup AMI Labs will also focus on developing world models. “I think it’s exciting to be in a place where we can have more people access it and give us feedback,” Shlomi Fruchter, a research director at DeepMind, told TechCrunch via video interview, smiling ear-to-ear in clear excitement over Project Genie’s release. DeepMind researchers that TechCrunch spoke to were upfront about the tool’s experimental nature. It can be inconsistent, sometimes impressively generating playable worlds, other times producing baffling results that miss the mark. Here’s how it works. Techcrunch event TechCrunch Founder Summit 2026: Ticket...

awiekupo/iStock Editorial via Getty Images Tesla, Inc. ( TSLA ) is up around 3% in pre-market trading on Thursday after the company reported Q4 '25 results that came in above consensus. The story here wasn’t the numbers, nor was it guidance , but CEO Elon Musk’s robotic vision. I’m maintaining Tesla with a Buy at current levels and see that this print further cemented my thesis on Tesla’s future being robotic, with the main catalysts going forward being Optimus and robotaxis. Energy has been part of my longer-term thesis as well, and it’s nice seeing that starting to play out. I think Tesla is well positioned in the areas that matter most, and energy is increasingly central to the AI infrastructure story. As hyperscalers and AI data centers ramp up power-intensive workloads, demand for grid-scale storage is accelerating. Tesla Energy is directly exposed to that buildout, further positioning the company to benefit from the same AI capex cycle that’s driving demand across semis. This diversification story is one I’m optimistic about. I’ll get to all that in a second, but let’s take a look at the numbers. Earnings While Q4 '25 results came above expectations , revenue for the quarter fell 3%, marking the company’s first annual decline at $24.90, above consensus at $24.79. EPS for the quarter came in at 50 cents, above the 45 cents consensus. FY25 revenue was also down to $94.8 billion, from $97.7 billion a year ago. The pain point was the auto segment, which was down 11% for the quarter to $17.7 billion, from $19.8 billion in the year-ago quarter. Earlier in January , Tesla reported a 16% dip in vehicle deliveries for the quarter and an 8.6% decline for FY25, so the results didn’t come as a surprise to anyone, as negatives were priced in prior to print. Net income came in at $840 million, down 61% or 24 cents per share, from $2.1 billion or 60 cents per share in the year-ago quarter, while operating expenses were up 39%, “driven by AI and other R&D projects.” TSLA 4Q25...

Optimus Will Make Tesla Great Again (NASDAQ:TSLA) Seeking Alpha

随着美国股市下跌、市场波动加剧，避险需求增加，英国国债、德国国债和欧洲政府债券周四上涨。 英国国债跑赢，5年期国债收益率下降5个基点。 德国国债全线上涨；法国国债-德国国债收益率差稳定在58。 市场： 德国10年期国债收益率下降3个基点，报2.83%，德国国债期货涨32.00点，报128.35。 意大利10年期国债收益率下降3个基点，报3.44%。 法国10年期国债收益率下降2个基点，报3.41%。 10年期英国国债收益率下降4个基点，报4.51%。 责任编辑：王许宁

格隆汇1月30日｜美国总统特朗普表示，白宫正与参议院民主党人协商达成一项协议，此举有望避免政府停摆，不过任何获得参议院通过的协议仍需在众议院获得通过。知情人士表示，即将达成的协议将把一项涉及移民执法的棘手法案从整体的资助方案中分离出来。特朗普在白宫的内阁会议上表示：“希望我们不会出现政府停摆的情况。我们正在为此努力。我觉得我们已经接近目标了。我们将以非常合作的方式开展工作，以避免出现政府停摆的局面，我们不想出现这种情况。”

Caterpillar Inc. (NYSE:CAT) is included among the 12 Best Dow Jones Dividend Stocks to Buy According to Hedge Funds. Barclays Raises Caterpillar (CAT) Target in Machinery Sector Preview On January 23, Barclays lifted its price target on Caterpillar Inc. (NYSE:CAT) to $610 from $555 and kept an Equal Weight rating on the stock. The update came as part of the firm’s fourth-quarter preview for the machinery and construction group. In its note, Barclays said companies that stand to benefit from interest rate cuts “still reign supreme.” At the same time, the firm expects management teams to strike a cautious tone, with “conservative” initial outlooks for 2026. Earlier this month, on January 7, Caterpillar announced a deeper partnership with NVIDIA aimed at bringing AI-driven tools into both customer solutions and manufacturing systems. The goal is to change how work gets done across Caterpillar’s ecosystem, from customers and dealers to employees. As part of that push, Caterpillar is investing to make its equipment ready for an AI-enabled future. The collaboration centers on NVIDIA’s Jetson Thor platform, which allows real-time AI processing on Caterpillar’s construction, mining, and power equipment. That capability is expected to support more advanced automation, smarter in-cab features, and, over time, AI-assisted and potentially autonomous operations. Caterpillar also used CES 2026 to introduce the Cat AI Assistant. The tool is designed to act as a built-in digital partner within Cat’s onboard and digital products, helping customers make decisions with more confidence. Built using NVIDIA Riva open speech models, the assistant can answer questions and offer tailored recommendations related to equipment, parts, maintenance, and other day-to-day needs. Inside the cab, the assistant relies on voice activation to adjust settings, walk operators through troubleshooting, and connect them to relevant tools across Caterpillar’s apps and websites. It pulls from Caterpillar’s ow...

在白宫就限制移民执法行动与民主党展开谈判之际，美国总统唐纳德·特朗普与参议院民主党人更接近达成避免政府停摆的协议。 参议院多数党领袖约翰·图恩周四表示谈判仍在进行中，但暗示他对达成协议持乐观态度。 “希望能落地，”图恩对记者表示。 一位白宫官员周四证实，特朗普一直在与两党议员合作，以避免再次出现政府停摆。 一名了解谈判情况的人士称，参议院民主党高层与特朗普政府为避免政府停摆而进行的谈判已逐渐向民主党的要求靠拢。 目前尚未达成任何协议，但图恩表示，正在成形的方案将为国土安全部提供临时过渡性拨款，而其他机构的拨款将持续到9月30日。 如果不能达成协议，联邦政府大部分部门的拨款将于周六到期，其中包括国防部和卫生与公众服务部。 参议院民主党领袖查克·舒默坚持要求共和党人同意从一项庞大的支出法案中移除国土安全长期拨款，以确保政府在周五之后继续运转。 两党一些参议员表示，他们可能会就国土安全拨款支持一项短期临时措施，以便让双方有更多时间讨论对移民执法行动的潜在限制。本月有两名美国公民在明尼阿波利斯被联邦特工枪杀。 舒默和其他民主党人提出了一系列修改方案，包括要求执法人员摘下口罩、佩戴执法记录仪，并在进入民宅前取得搜查令。他们还呼吁停止移民突袭行动。 责任编辑：王许宁

J Studios/DigitalVision via Getty Images Mortgage rates rose marginally this week but remained near their lowest levels in three years, according to the latest Freddie Mac ( FMCC ) Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.10% as of January 29, up slightly from 6.09% last week and lower than 6.95% in the same period a year ago. 15-year fixed-rate mortgages averaged 5.49%, up from 5.44% last week and down from 6.12% a year ago. "Lower rates, combined with strong income growth, have led to a steady increase in purchase applications compared to last year," said Chief Economist Sam Khater. "We're also seeing more homeowners refinancing their mortgages to benefit from these lower rates, as shown by the rise in refinance applications over the past year," added Khater. More related to Mortgages Markets unchanged as Fed pauses interest rate cuts on Wednesday Mortgage demand dips as rates rise

Artificial intelligence (AI) isn't the only industry with explosive growth potential. Artificial intelligence (AI) is slowly changing and reshaping industries, from banking to telecom. The technology will likely make many jobs obsolete. Some of the corporations leading this revolution are already seeing massive financial benefits and outstanding stock market performance. However, there are certain things AI can't do -- and may never be able to do. One of them is to cure diseases. Biotech companies that develop and market breakthrough therapies for, thus far, hard-to-treat or even impossible-to-treat conditions could deliver returns on par with some AI leaders. One serious candidate to consider along those lines is CRISPR Therapeutics (CRSP 0.80%). This biotech company is somewhat risky, but it could generate strong returns in the long run. Something not even AI can do CRISPR Therapeutics is a gene-editing specialist. The company develops therapies for conditions for which there are none, or at least, in areas where there is a dire need for new approaches. Let's consider three examples. One of CRISPR Therapeutics' candidates, CTX211, is being developed as a potential treatment for patients with Type 1 diabetes. While people with this disease are normally unable to produce their own insulin, CRISPR Therapeutics' goal with CTX211 is to restore that ability. CRISPR is also developing SRSD107, a potential anticoagulant that could address some of the shortcomings of the existing options in this niche. Many anticoagulants, though effective at preventing blood clotting, can cause severe bleeding. Many others are taken daily. SRDS107 is being developed to bypass these challenges -- a long-acting option that will reduce side effects such as excessive bleeding. Expand NASDAQ : CRSP CRISPR Therapeutics Today's Change ( -0.80 %) $ -0.43 Current Price $ 53.26 Key Data Points Market Cap $5.1B Day's Range $ 52.70 - $ 53.98 52wk Range $ 30.04 - $ 78.48 Volume 21K Avg Vol 2M Gross Ma...

Senate fails to advance spending bills as Democrats push for DHS reforms toggle caption Chip Somodevilla/Getty Images/Getty Images North America The Senate failed to advance a six-bill funding package Thursday, bringing the federal government one step closer to a partial shutdown. Democrats have refused to back the package without major reforms to the Department of Homeland Security and the ongoing immigration enforcement actions led by Immigration and Customs Enforcement, or ICE. At one point, it seemed the memory of the historic 43-day shutdown last year would be put firmly in the rearview mirror, and senators would fairly easily fund the remaining appropriations bill for FY 2026. But after the fatal shooting of Alex Pretti in Minneapolis by federal agents, Senate Democrats are demanding significant changes to the Homeland Security funding bill. Sponsor Message Sen. Minority Leader Chuck Schumer, D-N.Y., has said Democrats will support the other five appropriations bills, but need to see substantive changes to the sixth. "Until ICE is properly reined in and overhauled legislatively, the DHS funding bill doesn't have the votes to pass," Schumer said Wednesday. The measure needed to meet the 60-vote threshold in order to pass. The vote was 45-55. Democrats are calling for broad changes to the way DHS agents are carrying out their work. This includes barring them from wearing masks, requiring body cameras, setting rules around warrants, and creating a uniform code of conduct and use of force rules. But changes to the DHS bill would ultimately require House approval. That chamber is on recess this week. Senate Majority Leader John Thune, R-S.D., has acknowledged the difficult task of getting a new bill to pass the House, where some hardline GOP members have already vowed to throw a wrench into any plans to pass a Senate-modified DHS bill. "I think it's really important, if possible, to do it here and not to have to send it back to the House of Representatives, where t...

Pharrel Wiliams Morgan Stanley upgraded Cencora ( COR ) and raised price targets on its rivals, McKesson Corporation ( MCK ) and Cardinal Health ( CAH ), arguing that drug distributors deserve a premium valuation given a “golden era” for the industry. Analyst Erin Wright upgraded Cencora ( COR ) to Overweight from Equal Weight and lifted its price target to $400 from $361 per share, noting the company’s leadership in specialty pharmaceuticals and its efforts to optimize its business portfolio. According to the analyst, Cencora ( COR ) will consolidate its market-leading position in specialty pharmaceuticals after closing the purchase of a majority stake in specialty practice network OneOncology, and its international expansion could accelerate in FY26 thanks to its World Courier division. Wright added that the company formerly known as AmerisourceBergen is also weighing strategic alternatives for its non-core assets, a process she identified as a key step to optimize its business portfolio, which “should be rewarded.” As for the distributor group, Wright increased her price targets on McKesson ( MCK ) and Cardinal Health ( CAH ) to $966 and $245 from $916 and $224 per share, respectively, noting that the industry will continue to outperform in 2026 despite beating the S&P 500 ( SP500 ) last year. "We expect the healthcare distributor group will Stay Golden in 2026," the analyst wrote, adding, "We believe that the robust fundamental backdrop, visibility on growth, strong cash flows, and expansion into higher-margin areas while emphasizing core competencies will continue to uplift the group in 2026." More on Cencora, Cardinal Health, etc. Cardinal Health Upgraded As It Maintains Investment-Grade Status And Position In Radiopharmaceuticals Cencora: High-Growth Specialty Services Firm Disguised As A Distributor Cardinal Health, Inc. (CAH) Presents at 44th Annual J.P. Morgan Healthcare Conference - Slideshow Mega-to-large cap healthcare stocks with the strongest earnings...

The once-mighty U.S. dollar was having another turbulent day earlier on Thursday, and the impact of its lasting weakness against major rivals appeared to seep into the $30 trillion Treasury market.

Image source: The Motley Fool. Thursday, January 29, 2026 at 11:00 a.m. ET CALL PARTICIPANTS Chairman and Chief Executive Officer — Dan Batrack Chief Financial Officer — Steve Burdick President and CEO Designate — Roger Argus TAKEAWAYS Net Revenue -- $987 million, up 8% year over year, despite sustained impact from the US government shutdown. -- $987 million, up 8% year over year, despite sustained impact from the US government shutdown. Operating Income -- $131 million, reflecting 12% growth year over year, driven by higher-margin contracts and business mix. -- $131 million, reflecting 12% growth year over year, driven by higher-margin contracts and business mix. Adjusted Earnings Per Share -- $0.34, a 17% increase; GAAP earnings per share was $0.40 for the quarter. -- $0.34, a 17% increase; GAAP earnings per share was $0.40 for the quarter. Government Services Group Revenue -- $382 million, up 5% year over year; segment margin at 18%, up 40 basis points. -- $382 million, up 5% year over year; segment margin at 18%, up 40 basis points. Commercial and International Group Revenue -- $605 million, up 10%; margin at 13%, also up 40 basis points. -- $605 million, up 10%; margin at 13%, also up 40 basis points. US Federal Business -- Represented 18% of total business and rose 7%, primarily from US Army Corps of Engineers projects. -- Represented 18% of total business and rose 7%, primarily from US Army Corps of Engineers projects. US State and Local Growth -- 10% increase attributed to municipal water treatment and digital water modernization in water-stressed states. -- 10% increase attributed to municipal water treatment and digital water modernization in water-stressed states. International Revenue Share -- Comprised 48% of revenue, growing 13% with notable increases in the UK, Ireland, Canada, and Australia. -- Comprised 48% of revenue, growing 13% with notable increases in the UK, Ireland, Canada, and Australia. Backlog -- Remained flat year over year, with improved...

Chapel Down has credited a “generational shift” towards sparkling wine for strong sales growth last year. The Kent-based wine maker, which listed on the Aim junior stock market in 2023, said sales rose by a better-than-expected 19% to £19.4m in the year to 31 December, led by a 38% increase in retail sales as well as strong exports. James Pennefather, the chief executive of Chapel Down, said: “In spite of continued economic pressures, consumers are continuing to find reasons to celebrate, with over 1m bottles of Chapel Down traditional method sparkling wines dispatched for the first time during 2025. “We are seeing a generational shift into English sparkling wine as millennials, who prefer a lighter, fresher, crisper style of wines, are increasingly adopting the category.” He said those born in the 1980s and 90s “love authenticity, craft and heritage and English sparkling offers those experiences within an hour of London” – referring to the vineyard tours and fine dining offered by Chapel Down and others. Pennefather said Chapel Down had grown ahead of the market to take a bigger share, with drinkers turning to the brand “throughout the year and for a broader range of celebration occasions”. He said demand from wealthier drinkers was holding up despite cost of living concerns and other trends such as the rise of GLP-1 weight control drugs, with rosé and premium wines in demand. Chapel Down’s prices start from £15 for bottle of still Bacchus, to about £30 for a classic Brut sparkling, and more than £100 for one of the top Coeur de Cuvée sparkling wines. Its growth comes despite a tricky year for hospitality businesses, such as restaurants and bars, which have come under pressure as households rein in spending on non-essentials amid higher energy and food bills. Pennefather said the environment had been “more challenging” in terms of sales to the hospitality industry, but that sales rose 5% as Chapel Down expanded distribution and sold more by the glass. He said the 2...