Brookfield CEO Bruce Flatt says there is an underinvestment going on in private markets with Dani Burger on "Bloomberg Deals." (Source: Bloomberg)

wildpixel/iStock via Getty Images Investors have gotten fat and happy since ChatGPT debuted in November of 2022, provided they had substantial exposure to the Magnificent Seven. These tech titans have driven most of the gains in equities via riding the AI Revolution wave. The S&P 500 has returned an average annual return of just north of 20% since 2023. S&P 500 Annual Returns (Slickcharts) One of the consequences of these consistent gains in equities, is that investors have become quite complacent. One way you can measure this complacency is the movement of the S&P VIX Index ( VIX ) which is trading at low levels despite myriad market worries (AI Bubble, sticky inflation, faltering jobs growth, Iran, etc...) VIX Stock Chart (Seeking Alpha) In addition, 2026 looks very similar to 2022 in several aspects. And 2022 was a brutal year for investors. The S&P 500 fell just over 18% for the year, and the NASDAQ fell by roughly a third. In today's column, I will highlight four ways the current year is mapping 2022. Shiller PE Ratio (Multpl) Let's start with the obvious, and this is around equity valuations. As can be seen above, the Shiller PE ratio recently surpassed the level it last hit in late 2021. This was just before the big swoosh down in the market the following year. NASDAQ Price to Sales ratio (Macrotrends) Several other metrics show the current market trading significantly above the peak levels of 2021. In addition, cash flows and stock buybacks from the Magnificent Seven should be greatly reduced in coming quarters as the tech titans greatly ramp up their capital expenditures targeting AI infrastructure. Capex at Microsoft ( MSFT ) has nearly doubled over the past five quarters. Meta Platforms ( META ) capex guidance for FY2026 is between $115 billion to $135 billion. This is a huge increase from the $72.2 billion the company spent on capex in FY2025. January 2026 Company Presentation One of the features of 2022 was that many asset bubbles popped in a major way....

Oracle In Transition: Investor Prize Or Awkward Proposition? (NYSE:ORCL) Seeking Alpha

Sundry Photography/iStock Editorial via Getty Images Introduction Oracle ( ORCL ) is a giant tech corporation that appears almost unwieldy or disjointed. Expanding from its traditional database -centric identity, the company is providing essential infrastructure to hyperscalers focused on data centers. It's also becoming a full-stack provider with cloud architecture and applications that mesh with its database core offering. Oracle is also spearheading the acquisition and establishment of TikTok USA, leading a consortium that plans to build a two-part entity. This MSN piece lays out the Oracle transformation and accompanying challenges: “Oracle's voracious appetite transformed the company into... a full-stack provider, offering enterprise customers.. . software and middleware to databases and hardware. But the acquisitions were also very expensive, pressuring margins...when year-over-year revenue growth was hard to come by.” While growth may be beautiful in theory, major capex, backlog in the form of Remaining Performance Obligations (RPO) and large amounts of debt impinge on the effort. The RPO has contributed to the current share price decline, along with a bondholders' lawsuit that I discuss later. Prospective customers might not wait for "backup catch-up" before Oracle supplies them . Even contracted customers might raise issues if the backlog is not translated to the pipeline. Still, Oracle has a record of success and of rewarding patient investors. Looking at the history, $1,000 invested in Oracle 20 years ago would translate to about $29,000, for an annual return of more than 18% . Founder Larry Ellison and his teams have created a true success story. The Oracle Business Case Oracle has a strong business case built around expanding its database identity. A "migration" into the hyperscale cloud universe is the core of current expansion, within a strategy that Argus Research analyst Joe Bonner presented in a recent MSN article : " Ora cle has now partnered with...

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Key Points Starbucks impressed investors with its recovery progress in the 2026 fiscal first quarter. It's opening stores more deliberately as it recovers. Management sees the opportunity to open as many as 10,000 new stores in the U.S. alone over many years. 10 stocks we like better than Starbucks › Starbucks (NASDAQ: SBUX) wowed the markets last week with its latest quarterly update. The company made strides under the leadership of CEO Brian Niccol, who's been at the helm for a bit more than a year, and it has a roadmap toward a complete recovery. 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 » There were many updates about performance and strategy in the report and at the investors' day. Management provided an outlook through 2028, as well as a long-term view. One seemingly minor piece of information was that it sees the opportunity to open another 5,000 stores in the U.S. alone over the long term, and "as average unit volumes grow, that number could double over time." That implies that it still thinks it can open as many as 10,000 U.S. locations, in addition to the 18,360 stores it already operates in North America. Rather than continue opening new stores at a rapid pace, Starbucks has been much more deliberate about store openings in the pressured environment. Since the new store count expected in 2026 offsets store closures from last year, management is guiding for revenue to grow at the same rate as comparable sales this year. It opened only 128 net new stores in the 2026 fiscal first quarter (ended Dec. 28), ending the quarter with 41,118 stores globally. That includes 8,011 in China, where it thinks it can open another 15,000 to 20,000 stores. In fact, it plans to double its international store count to about 40,000 stores. Investors who think Starbucks' opportunity is saturated should think twice. There's no guarantee that the company w...

Name: Dark showering. Age: The name is new; the idea is not. Appearance: Barely visible. What is it? It’s exactly what it sounds like. That’s what I was afraid of. Showering with the light off. That’s it? What’s happened, has the bulb gone again? No, it’s showering with the light off on purpose. Why would you do that? It’s a way to remove distraction, calm your nervous system and practise mindfulness. And get clean. Yes, you also get clean. But this is more about finding those small, intentional moments that release you from the cares of your day. It sounds like an accident waiting to happen. You don’t have to shower in complete darkness – just in dim light, even by candlelight. Would I be correct in assuming that this is another TikTok wellness trend? Actually dark showering – or more precisely dark bathing – is an established Ayurvedic practice, a pre-bedtime ritual that cleanses not just the body, but the mind. It is big on TikTok, though. View image in fullscreen A little Ayurvedic self-care … Photograph: Posed by model; microgen/Getty Images Is that so? It also has a scientific foundation: warm water is supposed to help reduce the stress hormone cortisol, and the darkness can trigger the release of melatonin, which can allegedly shorten the average time between hitting the hay and falling asleep. These are bold claims to make for showering in the dark. Think of it as a spa treatment in your own home: hot water, scented products, a flickering tea light … Can I take my waterproof iPad in with me? No. This is about reducing sensory overload. And your electricity bill, if only slightly. Devotees swear by dark showering, so don’t knock it until you’ve tried it. I have tried it once, when I was drunk in a Travelodge and couldn’t figure out how the lights worked. What happened? They made me pay for the mirror I broke. I suggest you try it again in your own bathroom after a stressful day, on a night when you feel you might need a little self-care. Do say: “After a few ...

阿布扎比網球公開賽 阿歷珊祖娃晉身八強 【有線新聞】阿布扎比網球公開賽，2號種子阿歷珊祖娃輕鬆晉身八強。 次圈鬥黃白色裙、烏克蘭的恩絲杜絲卡，排名11的阿歷珊祖娃率先入局，首盤6次破發機會把握到一半，拉開過4比0被追近，都以6比3先拔頭籌。 過去交手各贏3次，今場形勢一面倒，阿歷珊祖娃第一發球得分率超過78%，遠高於對方的三成半。阿歷珊祖娃晉身八強，第二盤3次破發，橫掃6比0，直落兩盤過關。

Michael Vi/iStock Editorial via Getty Images Shares of AbbVie ( ABBV ) lost ~7% on Wednesday after the Chicago-based pharma giant posted better-than-expected Q4 2025 results, which, according to BNP Paribas, were driven by its older blockbuster Humira and not Rinvoq, one of its newer immunology drugs. The results come as the company relies on Rinvoq and its sister drug Skyrizi to offset the impact of low-cost generics targeting Humira, which flooded the U.S. market after the arthritis drug lost its market exclusivity in 2023. However, the former bestseller added $1.2B to AbbVie’s ( ABBV ) topline in Q4, well ahead of the $993.8M projected by analysts, according to Bloomberg data. Meanwhile, Rinvoq and Skyrizi generated $2.37B and $5.00B in net revenue compared to $2.38B and $4.9B in the consensus. “We expect a negative stock reaction for ABBV upon market open despite the slight beat that was unusually driven by a large beat in US Humira,” read a research note from Navann Ty, senior analyst at BNP Paribas Equity Research. “The usual AbbVie’s ‘beaters’ and growth drivers reported marginally lower (Rinvoq) to slightly better (Skyrizi) revenues,” the analyst added, reaffirming her Neutral rating on the stock. BMO Markets analyst Evan Seigerman agreed, noting that investors might view ABBV’s Q4 report as “somewhat lower quality,” as it was led by better-than-expected sales for Humira, which, however, indicated a ~26% YoY drop during the quarter. According to William Blair analyst Matt Phipps, the results marked the second consecutive quarter in which “Rinvoq has not beat consensus, and Skyrizi has only had a slight beat.” More on AbbVie AbbVie Inc. (ABBV) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript AbbVie: The Dividend Does Not Lie AbbVie: Rocky Near-Term, Positive Long-Term AbbVie posts Q4 beat as Humira outperforms AbbVie Non-GAAP EPS of $2.71 beats by $0.06, revenue of $16.62B beats by $200M

格隆汇2月5日｜网络状况监测网站DownDetector：用户报告显示，OpenAI在美国的使用出现问题。

格隆汇2月5日｜美、布两油延续涨势，WTI原油突破65美元/桶，日内涨1.64%；布伦特原油向上触及69美元/桶，日内涨1.95%。

Companies at the intersection of cloud or AI technology and healthcare have underperformed in the last year, but some firms have compelling cases for buyers.

Earnings Call Insights: Veralto Corporation (VLTO) Q4 2025 Management View Jennifer Honeycutt, President and CEO, highlighted "a strong fourth quarter, capping off an outstanding year for Veralto." She recognized the company's operational teams for their execution, which included replicating and regionalizing more than a dozen production lines to enhance flexibility and efficiency. Strategic actions in supply chain and pricing supported navigation of a dynamic macro environment. Honeycutt reported "mid-single-digit core sales growth, double-digit adjusted earnings per share growth and over $1 billion of free cash flow" for 2025. She announced the establishment of a $750 million share repurchase program and an 18% dividend increase. The acquisition of In-Situ was completed at the outset of 2026, expanding the Water Analytics portfolio into "fast-growing environmental water and hydrology markets." The CEO emphasized broad-based growth across key regions and verticals. In North America and Western Europe, which make up about 70% of revenue, core sales grew 5.3% and 3.8%, respectively. High-growth markets, including Latin America, India, and the Middle East, contributed with 5.1% year-over-year core sales growth. Regarding innovation, Honeycutt detailed new product launches, such as a new ammonia analyzer, single-use Chemkeys with double-digit growth, a UV laser marking and coding system, and an AI-enabled packaging software solution. She referenced the divestiture of AVT and the strong performance of TraceGains, which grew sales by more than 20% in its first full year post-acquisition. Sameer Ralhan, Senior VP & CFO, stated, "Total sales grew 3.8% on a year-over-year basis to nearly $1.4 billion...Core sales grew 1.6%. Our core sales growth was primarily driven by price, which increased 2.3% year-over-year." He added, "Adjusted earnings per share grew 9% year-over-year to $1.04 per share." Outlook The company is targeting core sales growth in the low to mid-single-digi...

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AMD Stock Drops After Good, But Not Great, Quarterly Report Investor's Business Daily

This article first appeared on GuruFocus. Tesla (NASDAQ:TSLA) could see its robotaxi business scale into a major revenue driver over the next decade, according to Wolfe Research. The analyst firm projected revenue from autonomous ride-hailing could reach $250 billion by 2035, based on rising EV adoption and a growing Tesla fleet. Wolfe analyst Emmanuel Rosner said the firm's top-down model assumes 30% autonomous vehicle penetration, a 50% market share for Tesla, and pricing of $1 per mile. Discounted back, the model suggests a potential equity value of about $900 billion, or more than $250 per share. Near term, Rosner expects challenges. Tesla's robotaxi expansion and Optimus production may weigh on 2026 earnings due to higher costs, pricing pressures, and changes in full self-driving (FSD) monetization. The analyst forecasts gross losses of roughly $500 million next year as Tesla scales its fleet from around 250 vehicles to 7,200 across seven new markets. Rosner expects gross breakeven in 2027, with revenue from robotaxis reaching about $30 billion by 2030. Optimus production, starting in late 2026, is not expected to contribute meaningfully to revenue until 2027. Tesla's energy storage business also shows momentum, though near-term margins may face competition and tariff pressures.

Cloud giant Amazon (AMZN) will report its fourth quarter earnings after the bell on Thursday as questions about overspending and a bubble continue to dog the AI trade. Amazon's results come after Meta (META) and Microsoft (MSFT) announced their earnings last week, drawing opposing reactions from the Street. While traders cheered on Meta, they sold off Microsoft despite both companies saying they are increasing their AI spending. The report also follows Amazon's announcement that it is cutting 16,000 jobs as it seeks to "strengthen our organization by reducing layers, increasing ownership, and removing bureaucracy." It's a familiar strategy across Big Tech, with companies like Microsoft and Meta "flattening" their organizational structure by laying off workers. Amazon also said it is closing its Amazon Fresh and Amazon Go stores, replacing some with Whole Foods locations. Read more: Live coverage of corporate earnings Amazon and Microsoft shares have been major laggards over the past 12 months, trailing Google by a wide margin. Amazon stock is down 1.8%, while Microsoft stock is up less than 1%. Google stock, meanwhile, has soared more than 60%, largely thanks to the release of its Gemini 3 AI models, which have supplanted OpenAI's (OPAI.PVT) as some of the top models around. For the quarter, Amazon is expected to report earnings per share (EPS) of $1.96 on revenue of $211.5 billion, up from $1.86 and $187.8 billion in the same period last year. That represents a 5% jump in EPS and a roughly 13% increase in revenue. Amazon's all-important AWS segment is expected to top out at $34.9 billion, a 21% jump from the $28.8 billion the company reported last year. Online store sales are expected to hit $82.3 billion, up 8.9% year over year. Amazon's advertising segment, which accounts for an increasingly large slice of the company's overall sales, is expected to report revenue of $21.2 billion. Amazon saw advertising revenue of $17.3 billion in Q4 2024. Wall Street will also ...

市建局稱透過物管公司，向大埔宏福苑合資格業主，以支票形式發放樓宇更新的資助，是考慮到身故業主的繼承人需時從相關銀行戶口取回資助，相關資助金額最多是五萬元。 對於有業主稱，市建局本身已掌握他們的銀行戶口，希望可直接過戶。市建局回應稱這是一般做法，但考慮到宏福苑個案中有業主若不幸身故，其原本填報的指定銀行戶口將被凍結，繼承人需時處理遺產繼承手續及銀行程序方能提取資助，所以決定以支票形式發放。 同時又考慮到派發過程中，須處理部分尚未繳足工程費的個案，亦要核實合法的繼承人決定交由宏福苑的合安管理公司發放。

文章提及标的 纳斯达克 -- 纳斯达克综合指数 -- 美股延续跌势，纳斯达克综合指数（IXIC）跌幅扩大至2%。

格隆汇2月5日｜美、布两油短线上扬超1美元，现分别报64.53美元/桶和68.54美元/桶。

WTI原油日内涨幅达2.5%，刷新日高至64.83美元/桶。 纳斯达克综合指数跌幅扩大至2%，AMD跌超17%。标普500指数跌约0.9%。

Richard Drury/DigitalVision via Getty Images CEFA: Welcome to CEF Insights, your source for closed-end fund information and education, brought to you by the Closed-End Fund Association. Today we are joined by Mat Kirschner, Portfolio Manager with Cohen & Steers Real Estate Securities Team and Lead Portfolio Manager for the Cohen & Steers Quality Income Realty Fund ( RQI ). Mat, thank you for being with us today. Mat Kirschner: Thank you for having me. CEFA: Mat, I mentioned the Cohen & Steers Quality Income Realty Fund, an actively managed strategy that invests in a broad range of real estate securities. Can you discuss the investment strategy as well as the key objectives of the fund? Mat Kirschner: Sure. The fund seeks a high level of current income with a secondary objective of capital appreciation. It does this by investing in real estate securities, which include common stock, preferred stock, and other equity securities of any market capitalization issued by real estate companies, including REITs and similar REIT-like entities. But as a sector-focused fund, we also provide an efficient and liquid way for all investors to access the large and dynamic commercial real estate market with the added benefit of active management. While past performance is no guarantee of future results, RQI's market price performance as of January 20th, 2026, is 8.7% annualized since inception in February 2002. CEFA: RQI's distribution rate has recently been increased. Can you comment on that? Mat Kirschner: Although not guaranteed, RQI's distribution rate has been high and consistent for the past decade. And recently, the fund raised its monthly distribution rate from $0.08 per share to $0.09 per share, reflecting the strength of RQI's balance sheet. RQI's distribution rate, based on market price, is now between 9% and 9.5%, paying monthly. The distribution rate increase reflects RQI's investment success over full market cycles and the realization of capital gains, which are being a...

In late 2025, the Department of Homeland Security zeroed in on the Twin Cities in Minnesota, supposedly in response to fraud allegations made by a right-wing influencer. In the months since, thousands of immigrants have been swept up by Immigrations and Customs Enforcement. In January alone, two American citizens were killed while documenting ICE operations in the city. Two Customs and Border Protection agents deployed to Minneapolis fatally shot protester Alex Pretti on January 24th, triggering another wave of protests throughout the city — and another DHS crackdown. One local who was arrested while protesting at the site of Alex’s killing talked to The Verge about his harrowing experience in custody at the Bishop Henry Whipple Federal Building and how the community is fighting back. We’ve anonymized his identity due to safety concerns. As told to Gaby Del Valle: The first thing I saw when I opened my phone was the footage. It was two weeks after Renee Good was killed. As soon as I saw the video of Alex Pretti’s murder, I started putting on warm layers and let my partner know I was heading to the scene. I arrived around 11. Federal agents had already started deploying chemical irritants: tear gas and pepper spray. I got shot in the chest by nonlethal rounds from about 30 yards away. Fortunately, I was wearing enough winter clothing that it didn’t hurt, but I most definitely felt the impact. I believe it was pepper balls. Still, they did not seem too pleased about it. I presume because it didn’t cause the injury they were hoping for. I was only there for about 15, 20 minutes before they fixated on me and grabbed me. I remember two agents moving in a pair toward me. One of them already had their gun drawn and was pointing it at me. They tackled me to the ground, and then had my legs crossed. They put my arms behind my back and cuffed me, and then they brought me back to the very middle of everything, where the majority of the ICE agents and other officers were. They ...

is an entertainment editor covering streaming, virtual worlds, and every single Pokémon video game. Andrew joined The Verge in 2012, writing over 4,000 stories. Posts from this author will be added to your daily email digest and your homepage feed. For much of its existence, Apple’s streaming service has seemed intent to focus on quality over quantity, offering some great shows but often feeling barren in comparison to competitors like Netflix and Disney. But as Apple TV looks to expand its reach to hit a larger audience, it appears the “quantity” part of that equation is being addressed to some degree. Fresh off detailing returning series Ted Lasso and Sugar, Apple just announced a deluge of titles that will be streaming this year. Here’s everything that Apple announced or detailed just yesterday: the episodic thriller Imperfect Women, which starts streaming on March 18th a Jonah Hill-directed comedy called Outcome that hits on April 10th, and stars Keanu Reeves and Cameron Diaz the “darkly comedic thriller” Maximum Pleasure Guaranteed, out on May 20th Margo’s Got Money Troubles, a series starring Elle Fanning, also out on May 20th another take on Cape Fear, this time in TV form (with Martin Scorsese and Steven Spielberg serving as executive producers), streaming on June 5th Lucky, a drama starring Anya Taylor-Joy, that premieres on July 15th a comedy film about tennis called The Dink that’ll stream on July 24th Mayday, a Ryan Reynolds-led buddy comedy, out on September 4th a feature film adaptation of, uh, Mattel’s Matchbox toy cars, streaming on October 9th the family-friendly feature Way of the Warrior Kid, due out on November 20th Oh, and season 2 of Monarch: Legacy of Monsters got a new trailer that provides a glimpse of its big new kaiju: That’s something new almost every month, and is on top of previously-known titles coming this year, like new seasons of Criminal Records, Your Friends & Neighbors, For All Mankind, and The Last Thing He Told Me, along with c...

ExxonMobil and Chevron are similar businesses; most investors will be just fine picking the higher yield. Chevron (CVX +2.04%) is just a little behind ExxonMobil (XOM +2.31%) most of the time. If investing in stocks were a marathon, it would be a bad thing because Exxon would win. But it's a good thing for Chevron that being slightly behind can still make a stock a great investment opportunity. Here's why you'll probably prefer Chevron over Exxon if you're a dividend investor. Is Exxon the winner? Exxon and Chevron are both integrated energy companies with globally diversified asset portfolios. However, Exxon is the larger business, with a market cap of nearly $600 billion. Chevron's market cap is roughly $350 billion. That said, both are among the world's largest energy companies. Exxon's return on capital employed (ROCE), a measure of how well a company invests its capital for shareholders, is higher than that of Chevron. Chevron sometimes jumps into the lead, but it normally lags just a little. Still, their ROCE trends are very similar, rising and falling at roughly the same times. And Chevron's ROCE is typically within the normal range of the peer group, noting that Exxon isn't the current industry leader on this metric. Exxon has the strongest balance sheet among its peers, with a debt-to-equity ratio of around 0.17x. Chevron's leverage is the second lowest at around 0.22x. Exxon is clearly in a better financial position, but both companies have rock-solid balance sheets. And both have the leeway to take on debt during market downturns to support their businesses and dividends until energy prices recover. Exxon's business strength has shone through in its streak of 43 consecutive annual dividend increases. That's better than Chevron's 38-year streak. Once again, Chevron is trailing Exxon, but it's hard to complain about a dividend streak as impressive as Chevron's. Expand NYSE : CVX Chevron Today's Change ( 2.04 %) $ 3.64 Current Price $ 181.68 Key Data Points ...

ElevenLabs , a startup using artificial intelligence to create a wide range of realistic voices, has more than tripled its valuation from a year ago to $11 billion in a fundraising round. The company is raising $500 million in a round led by Sequoia Capital , with investors Andreessen Horowitz and Iconiq also participating, ElevenLabs said in a statement on Wednesday. Sequoia partner Andrew Reed will join the board. ElevenLabs plans to use the funds to build out its technology, including a platform enabling its enterprise customers to use conversational agents for customer support, training, sales and other functions, which Chief Executive Officer Mati Staniszewski called an important growth engine. The company is also expanding internationally in more than a dozen cities in the Americas, Asia Pacific and Europe. It’s struck partnerships with businesses including Deutsch Telekom AG , Deliveroo Plc , Revolut and the Ukrainian government, Staniszewski said in a post on LinkedIn. Lightspeed Venture Partners , Evantic Capital , and tech investment firm BOND joined the round as new investors. Additional investor participation may be disclosed later this month. The company last raised funds in early 2025 at a $3.3 billion valuation, though in a sign of keen investor appetite, it allowed employees to sell shares at a $6.6 billion valuation last year. Tech investors continue to pour funds into companies associated with AI, from applications to data centers. Anthropic, which makes the Claude large language model, is working on a secondary deal to let some employees sell shares at a $350 billion valuation at the same time as it pursues a funding round that could reach more than $20 billion. Read More: Anthropic Plans Employee Tender Offer at $350 Billion Valuation Staniszewski founded ElevenLabs with Piotr Dabkowski , an ex-Google machine learning engineer. The two were inspired by the poorly dubbed Hollywood films they grew up watching together in Poland, working on a techno...

格隆汇2月5日｜据AXIOS网站：由于伊朗方面拒绝讨论非核问题，美伊于周五的核谈判取消。