French President Emmanuel Macron, wearing sunglasses, speaks during a meeting on the institutional future of New Caledonia at the Elysee Palace in Paris, France, Jan. 16, 2026. Yoan Valat | Via Reuters Every January, the world's most powerful people gather on the snowy peaks of Davos to talk about the most pressing global issues, and it's a masterclass in the art of communication and influence. Th...
French President Emmanuel Macron, wearing sunglasses, speaks during a meeting on the institutional future of New Caledonia at the Elysee Palace in Paris, France, Jan. 16, 2026. Yoan Valat | Via Reuters Every January, the world's most powerful people gather on the snowy peaks of Davos to talk about the most pressing global issues, and it's a masterclass in the art of communication and influence. The World Economic Forum's flagship conference took place between 19-23 January, and leaders including U.S. President Donald Trump, billionaire Bill Gates and Nvidia's CEO Jensen Huang delivered speeches and spoke on panels. This year's theme was "A Spirit of Dialogue," as geopolitical uncertainty and international trade tensions dominated conversations. Among the most important topics was Trump's insistence on taking ownership of the Arctic territory of Greenland , as well as the impact of artificial intelligence on the labor market. watch now VIDEO 1:22 01:22 President Trump says he reached a ‘concept of a deal’ with Greenland Closing Bell The responses of national leaders and CEOs were broadcast live, then distilled into 10-second soundbites and TikTok fan edits, consumed globally, and inviting instant critique. René Carayol, a leadership coach to Fortune 500 and FTSE 100 executives and world leaders, broke down what the most effective communicators did at this year's World Economic Forum, in a conversation with CNBC. Carayol, who has worked with Nelson Mandela, former Russian president Mikhail Gorbachev, former U.K. Prime Minister Tony Blair, Apple CEO Tim Cook, and many more, was frank about the key ingredients to powerful public speaking and communication. "The two big things that we always coach: it's the performance, not the content. Second thing, it's not what you say, it's the way that you say it. That's the most powerful thing. Stop trying to remember the words, learn the performance," Carayol said. Macron and Carney stole the show French President Emmanuel Macron ...
Circle and Star theatre, London Touring to mark the diarist and Carry On star’s centenary year, David Benson’s poignant show covers the full spectrum of what made Williams so funny, beloved – and insufferable It will be 100 years next month since Kenneth Williams ’ birth, and almost 30 since David Benson created his hit show about him, Think No Evil of Us – versions of which he has toured ever sin...
Circle and Star theatre, London Touring to mark the diarist and Carry On star’s centenary year, David Benson’s poignant show covers the full spectrum of what made Williams so funny, beloved – and insufferable It will be 100 years next month since Kenneth Williams ’ birth, and almost 30 since David Benson created his hit show about him, Think No Evil of Us – versions of which he has toured ever since. Here’s another one marking the centenary, and, more resurrection than mimicry, it can’t help but be striking to anyone who grew up with the raconteur, diarist and Carry On star as a mainstay of British life. There are ever fewer of us around, mind you: this is “a boomer show”, Benson admits, as strong on nostalgia as it is on insight into what made Williams tick. Indeed the first act is more about what made 13-year-old Benson tick. In 1975, his winning entry in a Jackanory story competition was read by Williams on national TV. We see him relive the moment, mortified that he’d now be associated by school bullies with the campest man in the UK. Elsewhere in act one, Benson recounts his adolescent awakening as an exponent of funny voices, casually deploying his note-perfect Frankie Howerd, Sergeant Bilko and the entire cast of Dad’s Army . Continue reading...
格隆汇1月25日｜泡泡玛特(9992.HK)联手荣耀推出的“潮玩手机”荣耀500 Pro Molly 20周年限定版今日正式开售，有媒体称，该产品一经发售便迅速点燃数码圈与潮玩圈的双重热情，不仅线上平台销售火爆，线下门店更是一机难求。荣耀500 Pro Molly 20周年限定版售价4499元，国补到手价3999元。该手机主要聚焦年轻消费群体，定位是“行业首款潮玩手机”。据报，目前部分二手交易平台...
格隆汇1月25日｜泡泡玛特(9992.HK)联手荣耀推出的“潮玩手机”荣耀500 Pro Molly 20周年限定版今日正式开售，有媒体称，该产品一经发售便迅速点燃数码圈与潮玩圈的双重热情，不仅线上平台销售火爆，线下门店更是一机难求。荣耀500 Pro Molly 20周年限定版售价4499元，国补到手价3999元。该手机主要聚焦年轻消费群体，定位是“行业首款潮玩手机”。据报，目前部分二手交易平台已出现求购讯息。另有媒体指，杭州萧山万象汇快闪店作为本次首销的核心焦点，早上汇聚大批买家。除杭州外，北京、上海等重点城市的联名主题店也呈现高人气态势，门店工作人员指，首销日咨询量与试玩体验需求较日常大幅提升。
Key Points Chainlink has emerged as an important player in the world of real-world asset tokenization. Top consulting firms predict that real-world asset tokenization could be a multitrillion-dollar market opportunity by 2030. As a result of its ties to asset tokenization, Chainlink could soar in value, just as did back in 2019-2021. 10 stocks we like better than Chainlink › In any given year, it'...
Key Points Chainlink has emerged as an important player in the world of real-world asset tokenization. Top consulting firms predict that real-world asset tokenization could be a multitrillion-dollar market opportunity by 2030. As a result of its ties to asset tokenization, Chainlink could soar in value, just as did back in 2019-2021. 10 stocks we like better than Chainlink › In any given year, it's almost impossible to predict which cryptocurrencies will take off in value. Last year, for example, Bitcoin (CRYPTO: BTC) and cryptocurrencies tied to artificial intelligence were supposed to soar in value. They didn't. So which cryptocurrencies are poised for lift-off in 2026? My prediction is that the top-performing cryptocurrencies will be those tied to the future of real-world asset (RWA) tokenization, which has emerged as one of the hottest trends in the crypto and blockchain space. The best of these is Chainlink (CRYPTO: LINK), which routinely ranks among the top 15 cryptocurrencies in the world according to market cap. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » A repeat of 2019-2021? Long-time crypto investors are probably familiar with Chainlink. During the last great crypto bull market rally, Chainlink absolutely exploded in value. It skyrocketed in price from $0.50 in May 2019 to hit a new all-time high of $52 in May 2021. At the time, the biggest trend in the blockchain and crypto world was decentralized finance (DeFi), and Chainlink was smack-dab in the middle of it. As a blockchain oracle network, Chainlink was able to provide accurate pricing data for blockchain smart contracts. Chainlink became one of the poster children of decentralized finance at a time when many thought blockchain-powered finance was about to take over Wall Street. Five years later, it might be time for a Chainlink bull market sequel. Just as Chainlink exploded in price five years ago, it might ex...
The Caspian Pipeline Consortium said an offshore mooring is back online, enabling crude to flow through a route that accounts for about 90% of Kazakh oil exports. Repairs at offshore Mooring 3 have now been completed, and both it and Mooring 1 are operating as usual, according to a statement CPC posted on Telegram. A tanker was brought in to transfer oil on Jan. 25. “The fulfillment of oil shipper...
The Caspian Pipeline Consortium said an offshore mooring is back online, enabling crude to flow through a route that accounts for about 90% of Kazakh oil exports. Repairs at offshore Mooring 3 have now been completed, and both it and Mooring 1 are operating as usual, according to a statement CPC posted on Telegram. A tanker was brought in to transfer oil on Jan. 25. “The fulfillment of oil shippers’ requests in accordance with annual plans is guaranteed with the simultaneous operation of at least two moorings,” according to the statement. The Black Sea terminal has been working at reduced capacity since November, when Mooring 2 was hit and severely damaged by a boat drone. Read More: Kazakh Oil Shipments Slashed Again as Key Port Is Disrupted (1) At the time, Mooring 3 was offline for planned repairs, which left only one loading facility operational and significantly reduced seaborne oil shipment options for Kazakhstan. Mooring 2 remains out of service and CPC didn’t provide an update for when it will come back online. The snags at the Black Sea terminal weighed on the country’s production in December, when output slipped to just over 1.5 million barrels a day, according to estimates from the Organization of the Petroleum Exporting Countries. Tengiz, one of the biggest fields in Kazakhstan, was also halted temporarily following a power outage.
Minneapolis shooting protests and a free solo in Taipei – photos of the weekend Warning: this gallery contains sensitive images. The Guardian’s picture editors select photographs from around the world Los Angeles, US A demonstrator dressed as Donald Trump takes part in a protest in response to the fatal shooting of 37-year-old Alex Pretti in Minneapolis Photograph: Caroline Brehman/AP
Minneapolis shooting protests and a free solo in Taipei – photos of the weekend Warning: this gallery contains sensitive images. The Guardian’s picture editors select photographs from around the world Los Angeles, US A demonstrator dressed as Donald Trump takes part in a protest in response to the fatal shooting of 37-year-old Alex Pretti in Minneapolis Photograph: Caroline Brehman/AP
Oat_Phawat/iStock via Getty Images The American Beacon GLG Natural Resources ETF ( MGNR ) is off to a strong start to 2026. The fund has already gained 15.7% in the first 15 trading days of January. MGNR has a large allocation to mining companies, and precious metals like gold and silver show little signs of a slowdown after posting impressive performances in 2025. The SPDR Gold Shares ETF ( GLD )...
Oat_Phawat/iStock via Getty Images The American Beacon GLG Natural Resources ETF ( MGNR ) is off to a strong start to 2026. The fund has already gained 15.7% in the first 15 trading days of January. MGNR has a large allocation to mining companies, and precious metals like gold and silver show little signs of a slowdown after posting impressive performances in 2025. The SPDR Gold Shares ETF ( GLD ) is already up 15.5% year-to-date. The iShares Silver Trust ETF ( SLV ) has gained 43.9% in the first three weeks of 2026. It is hard to overlook the returns from MGNR since its inception in February of 2024. However, natural resources funds are more often touted as a hedge against inflation rather than a way to compete with the returns from the Mag Seven. American Beacon does state that the objective of MGNR is "long-term capital appreciation", but many of the companies held by the fund are now trading at multiples well above their historic norms. There are other natural resource ETFs that are not quite as dependent on gold and silver prices, and those funds may provide safer access to future gains in this sector. I would not recommend chasing the recent returns of the American Beacon GLG Natural Resources ETF with additional purchases at the current time for the reasons discussed below. ETF Overview The American Beacon GLG Natural Resources ETF is managed by American Beacon with GLG LLC as a subadvisor. The fund is actively managed and not directly tied to any index. The fund prospectus states that MGNR is designed to invest at least 80% of its net assets in the stocks of companies that are primarily engaged in “natural resources and natural resources-related businesses.” This could include metals, agricultural products, water, fossil fuels, and chemicals. The active management style has led to a high turnover rate of 135% in the past year. As of January 23, MGNR has a market cap of $450 million. Its investments were spread out over 52 holdings. The top five holdings by w...
More than a dozen Filipino crew members rescued from the South China Sea have been transferred from the Chinese coastguard to Philippine vessels close to where their ship went down. The China Coast Guard said the transfer of the 15 survivors and the remains of two deceased from the capsized cargo ship took place on Sunday afternoon at the request of Philippine search and rescue authorities. Four o...
More than a dozen Filipino crew members rescued from the South China Sea have been transferred from the Chinese coastguard to Philippine vessels close to where their ship went down. The China Coast Guard said the transfer of the 15 survivors and the remains of two deceased from the capsized cargo ship took place on Sunday afternoon at the request of Philippine search and rescue authorities. Four other crew members from the ship remain missing. The Chinese coastguard rescued the men on Friday after their Singapore-registered cargo ship Devon Bay went down near Scarborough Shoal, a disputed group of tiny, low-lying rocky islets claimed both by Beijing and Manila Advertisement The Devon Bay was carrying iron ore and was destined for Yangjiang Port in southern China’s Guangdong province when it went down. According to the Chinese coastguard, the vessel capsized about 55 nautical miles northwest of Scarborough Shoal, known as Huangyan Island in China and Panatag Shoal in the Philippines. Advertisement
This leading cruise operator has been a positive contributor to portfolios in recent years. Despite being decimated during the depths of the COVID-19 pandemic, Carnival Corp. (CCL +0.21%) (CUK +0.28%) kept sailing. The water was rough and choppy. However, now the sea is calm. And this business is operating at a high level. Its stock price is up 169% in the past three years. Where will Carnival sha...
This leading cruise operator has been a positive contributor to portfolios in recent years. Despite being decimated during the depths of the COVID-19 pandemic, Carnival Corp. (CCL +0.21%) (CUK +0.28%) kept sailing. The water was rough and choppy. However, now the sea is calm. And this business is operating at a high level. Its stock price is up 169% in the past three years. Where will Carnival shares be three years from now? Here are three reasons to believe they'll be trading at much higher levels. 1. Durable demand in the cruise industry The cruise industry overall is positioned well to continue growing. Cruise trips can usually be 25% lower than the cost of land-based alternatives, providing a notable value proposition for consumers who might be feeling the pinch in today's macro environment. The industry is drawing in younger customers, as well as those who have never been on a cruise before, essentially expanding the market opportunity. Carnival has been thriving. During each quarter of fiscal 2025 (ended Nov. 30), the company reported record revenue; net yields (a proxy for pricing power); adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA); operating income; and customer deposits. And nearly two months ago, Carnival said that two-thirds of its 2026 schedule was already booked up. 2. Financial improvements to the business As Carnival's revenue climbed from the worst days of the health crisis, it has gotten to experience operating leverage. The result has been impressive profits. The company's adjusted net income soared 60% year over year to $3.1 billion in Q4. Generating more profits is undoubtedly an encouraging trend, but it's just part of the story. Carnival's leadership team is focused on taking its improving income statement and translating that to a stronger balance sheet. This means steadily reducing long-term debt, which stood at $26.6 billion at the end of Q4. That's down $10 billion from the peak in early 2023. Should Ca...
Morsa Images/DigitalVision via Getty Images Most financial institutions that I analyze I end up coming away either neutral on or bullish on. But every so often, one of them will deserve a bearish assessment. A great example of this can be seen by looking at FB Bancorp ( FBLA ), an enterprise with a market capitalization of only $234.3 million as of this writing. This small market cap is not unjust...
Morsa Images/DigitalVision via Getty Images Most financial institutions that I analyze I end up coming away either neutral on or bullish on. But every so often, one of them will deserve a bearish assessment. A great example of this can be seen by looking at FB Bancorp ( FBLA ), an enterprise with a market capitalization of only $234.3 million as of this writing. This small market cap is not unjustified. If anything, it's a bit generous. Financial performance for the company, while it has improved some, remains disappointing. Yes, shares are cheap relative to book value and tangible book value. But profitability remains a concern, and asset quality is low. These are the sentiments that I have expressed about the company in the past. Since my last article about it, which was published in September of last year, the stock has risen by 6.4%. That absolutely matches the 6.4% rise that the S&P 500 saw over the same window of time. However, since I first rated it a ‘sell’ in May of last year, the stock has appreciated by only 12.4%. That's short of the 17% jump that the broader market experienced. This happens to match, perfectly, my own expectations when I rate a company a ‘sell’. It's not that I expect the stock to drop. Rather, I expect it to just underperform. And underperform FB Bancorp did. Unfortunately, I don't really see a reason to upgrade it at this time. While there have been some small improvements, they are not enough to justify anything other than a bearish outlook. A mixed bag In some respects, FB Bancorp is doing a fine job. As an example, we need only look at the deposit situation for the institution. The company ended the third quarter of the 2025 fiscal year , which is the most recent quarter for which data exists, with $839.9 million of deposits. This was actually up from the $800.7 million reported the previous year. A sliver of this increase came from growth in the wholesale and brokered deposits of the institution from $106 million to $111.4 million...
Nicolas Jooris-Ancion/iStock via Getty Images Introduction Over the past several months, I have published two long articles on Novo Nordisk ( NVO ). The first piece explained why I sold Pfizer and redeployed that capital into Novo Nordisk. The second piece explained why Novo, at around $49 per share, was underpriced relative to its archrival Eli Lilly ( LLY ) as well as their industry peers based ...
Nicolas Jooris-Ancion/iStock via Getty Images Introduction Over the past several months, I have published two long articles on Novo Nordisk ( NVO ). The first piece explained why I sold Pfizer and redeployed that capital into Novo Nordisk. The second piece explained why Novo, at around $49 per share, was underpriced relative to its archrival Eli Lilly ( LLY ) as well as their industry peers based upon my extensive comparisons among them across valuation, growth, and profitability metrics. In essence, I argued that Lilly was being priced for perfection, while Novo was being priced as if its last five years of operational outperformance had suddenly become irrelevant, and as if its hundred-plus years of expertise in chronic metabolic diseases no longer provided any enduring competitive advantages. The draft of my second article was cut from over 5,000 words to about 3,000 words at the editor’s request. Through this follow-up, which is more qualitative and deliberative in nature, I want to elaborate several points that were compressed. I will also review developments since then. With the benefit of hindsight, we now know Novo’s drop below $50 reflected market participants' collective overreaction to Novo's short-term setbacks more than sober valuation of its business fundamentals. I will then offer my view as to what a rational investor can do from here. A brief recap Over the last 100 years or so, Novo has built an enduring portfolio of endocrinology assets spanning the globe with expanding labels and patient pools. Its revenues, EBIT, and EPS were compounding at 20–30% annually recently. Gross margins exceeded 80%. Returns on capital were industry-leading. It generated net margins comparable to Lilly’s and superior to the rest. Its revenue growth over three to five years rivaled Lilly’s and far exceeded that of the remaining peers. Yet it traded at one of the lowest P/E ratios in the entire group. The market had effectively concluded that Novo’s recent U.S. execution...
Key Points Although stocks are the premier long-term wealth creator, they don't move from Point A to B in a straight line. Investors are leaning on margin at an extraordinary rate -- and that's historically bad news for stocks. Another metric with a perfect track record of forecasting the future, dating back to 1871, suggests the S&P 500's bull market rally is running on borrowed time. 10 stocks w...
Key Points Although stocks are the premier long-term wealth creator, they don't move from Point A to B in a straight line. Investors are leaning on margin at an extraordinary rate -- and that's historically bad news for stocks. Another metric with a perfect track record of forecasting the future, dating back to 1871, suggests the S&P 500's bull market rally is running on borrowed time. 10 stocks we like better than S&P 500 Index › For more than a century, no asset class has been able to hold a candle to the return potential that stocks bring to the table. While bonds, commodities, and real estate have been effective at increasing investors' nominal wealth, Wall Street's major stock indexes -- the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) -- have delivered a higher long-term annualized return. Though Wall Street's major indexes rising in value over multidecade periods is the norm, getting from Point A to B is rarely, if ever, a straight line. Short-term directional moves in stocks can be influenced by news events and investor emotions, which is what makes forecasting these moves with any accuracy so challenging. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Although no data point or previous event can guarantee short-term directional moves for the Dow, S&P 500, and Nasdaq Composite, certain events have strongly or even flawlessly correlated with significant swings in these indexes throughout history. One such flawless forecasting tool for the S&P 500 is currently flashing an unmistakable warning for Wall Street. This has consistently spelled trouble for the S&P 500 since 1957 At any given moment, there are always one or more headwinds threatening to pull the rug out from beneath Wall Street's benchmark index, the S&P 500. Perhaps the one headwind investors should be payin...
“Who wouldn’t want a robot to watch over your kids?” Elon Musk asked Davos delegates last week, as he looked forward with enthusiasm to a world with “more robots than people”. Not me, thanks: children need the human connection – the love – that gives life meaning. As he works towards launching SpaceX on to the stock market, in perhaps the biggest ever such share sale, the world’s richest man has e...
“Who wouldn’t want a robot to watch over your kids?” Elon Musk asked Davos delegates last week, as he looked forward with enthusiasm to a world with “more robots than people”. Not me, thanks: children need the human connection – the love – that gives life meaning. As he works towards launching SpaceX on to the stock market, in perhaps the biggest ever such share sale, the world’s richest man has every incentive to talk big. Yet as Musk waxed eccentrically about this robotic utopia, it was a reminder that major decisions about the direction of technological progress are being taken by a small number of very powerful men (and they are mainly men). In the cosy onstage chat, the World Economic Forum’s interim co-chair, Larry Fink, failed to ask Musk about whichever tweak of internal plumbing allowed his Grok chatbot to produce and broadcast what a New York Times investigation estimated was 1.8m sexualised images of women in just nine days. Meta boss Mark Zuckerberg wasn’t in the Swiss mountains, perhaps because he didn’t fancy facing questions about the $70bn he has fruitlessly poured into the metaverse, his plan for us all to hang out in a virtual world with imaginary mates. Even if he had put in an appearance, it seems unlikely he would have been pressed on the next big thing: Meta’s smart glasses, which are already, entirely predictably, being used to film women covertly. The International Monetary Fund’s managing director, Kristalina Georgieva, told Davos delegates that the failure to regulate tech was one of her greatest concerns, saying: “Wake up: AI is for real, and it is transforming our world faster than we are getting ahead of it.” Rather than childcare robots, though, the way most people are likely to encounter AI in the near term, is in the labour market, where Georgieva warned of a coming “tsunami” as jobs are transformed or eliminated. The IMF is calling on governments to invest in education and reskilling to prepare populations for the changing jobs marke...