Earnings Call Insights: Carrier Global Corporation (CARR) Q4 2025 Management View CEO David Gitlin opened by highlighting that "2025 was an important year for Carrier" with short-cycle residential and light commercial markets softening more than anticipated in the second half. Gitlin noted, "We made meaningful progress on our strategic priorities and reached major milestones, including growing our data center business to around $1 billion." Despite declines in CSA residential (down nearly 10%) and light commercial (down about 20%), total company organic sales fell just 1%, credited to growth in long-cycle and aftermarket businesses. Gitlin stated, "We had our fifth consecutive year of double-digit growth in commercial HVAC while continuing to gain share and increase margins. Aftermarket was also up double digits for the fifth consecutive year." The company executed aggressive cost and pricing actions, offsetting tariffs and delivering strong material productivity. Gitlin announced, "The cost actions that we executed into 2025 will deliver over $100 million of savings in 2026." Investments in the data center segment are yielding results, with fourth quarter CSA data center orders up 4x and expectations for data center revenues to grow about 50% in 2026. The company introduced new chiller technologies and expanded its commercial HVAC engineering and manufacturing capacity. Aftermarket business continues to expand, with connected chillers rising from 17,000 to over 70,000 in three years and service agreements now covering 110,000 units, including Toshiba. Modifications and upgrades in aftermarket sales grew 20% last year. CFO Patrick Goris stated, "For the quarter, reported sales were $4.8 billion. Adjusted operating profit was $455 million and adjusted EPS was $0.34." He attributed year-over-year declines to lower volumes in higher-margin CSA Residential and Light Commercial businesses. Goris also highlighted, "Free cash flow in the fourth quarter of about $900 millio...

格隆汇2月6日｜美国总统特朗普：如果未来的某个时候租赁协议破裂，我保留以军事手段确保并加强美国在迪戈加西亚存在的权利。

Plans to restore the crumbling Palace of Westminster could cost £40bn and take up to 61 years, a report by the body set up to investigate how the project should be handled has found. Critics labelled the cost as “eye-watering” and said the project lacked accountability. MPs and peers will have to choose between two new plans drawn up by the restoration and renewal client board, instead of the four previously mooted. The first would involve a “full decant” in which the House of Commons and the House of Lords would move out of the Palace of Westminster’s Northern Estate – outside the palace but close by – and the Lords to the nearby QEII conference centre from 2032. The board estimates this option would last 19 to 24 years and cost up to £15.6bn. A “staged decant”, which would vacate the House of Lords for between 8 and 13 years while the Commons would move to the Lords Chamber for up to two years, would take 38 to 61 years and cost up to £39.2bn. MPs and peers have also been asked to agree to the initial £3bn restoration works at the Houses of Parliament, which would include refurbishing the inside of the Victoria Tower, building a jetty on the Thames for deliveries by river and commencement of underground tunnel shafts. The works would last seven years, and could start in 2026 if approved. The board will then ask them to choose between the final two options by mid-2030. MPs, peers and senior parliamentary officials are divided on the best way to carry out urgently needed reparation works to the mainly Victorian building, despite widespread misgivings that ancient wiring, asbestos and unsafe masonry could result in a catastrophic incident at the Unesco Westminster world heritage site. The House of Lords has frequent heating failures, problems with its sewerage system and forced closure of toilets because of the presence of reinforced autoclaved aerated concrete (RAAC). Since 2016, there have been 36 fire incidents, 12 asbestos incidents and 19 stonemasonry incidents ...

格隆汇2月6日｜美国总统特朗普：据许多人所言，斯塔默总理已经做出了力所能及的最大努力来达成那项协议。

Sean Gallup/Getty Images News Google parent Alphabet ( GOOG ) ( GOOGL ) reported a top- and bottom-line beat for the fourth quarter, a trend that has been quite predictable for some time, but what stupefied Wall Street was the eyeball-popping capital expenditure budget for the year, which is just shy of touching a couple hundred billion dollars. The Sundar Pichai-led company said it expects capital spending between $175B and $185B in 2026, which is more than a 100% increase from last year at the higher end of the range. The U.S. tech giant said it would allocate about 60% of the budget for machines and servers and about 40% for long-duration assets such as data centers and network equipment. The company calls the capex increase a "brutal pace" necessary to stay ahead in the artificial intelligence race against its rivals, namely Meta ( META ), Amazon ( AMZN ), and Microsoft ( MSFT ). Over half of Google’s machine learning compute power will go toward its Cloud business, the company said. Even then, it pointed out that it is supply constrained, and its greatest obstacle is compute capacity. Word on the Street J.P. Morgan: "Importantly, we believe the doubling of capex Y/Y comes from a position of strength, with Gemini now at 750M MAUs & showing significantly higher engagement per user, Google Cloud revenue accelerating to +48% w/backlog up 55% Q/Q to $240B, & Search revenue accelerating to +17% as AI continues to expand the market," the research firm said. "The significant step-up in capex will weigh on FCF—we model $29B this year (-61%)—but Google currently has a net cash balance of $80B. While some might say the financial profile and outsized spending shifts Google closer to Meta, we believe we are seeing clear returns on Google’s investments across Gemini, Cloud, and Search, and Google differentiates with very meaningful multi-year backlog." RBC Capital Markets: "While the substantial capex guidance will pressure Street FCF ests, it's driven by demand signals acro...

'More money, more honey' is Google's new mantra (GOOG:NASDAQ) Seeking Alpha

Dario Amodei, CEO and co-founder of Anthropic, speaks during the 56th annual World Economic Forum meeting in Davos, Switzerland, Jan. 20, 2026. Denis Balibouse | Reuters Anthropic on Thursday announced the launch of Claude Opus 4.6, its latest artificial intelligence model that's better at coding, sustaining tasks for longer and creating higher-quality professional work products and outputs, the company said. Claude Opus 4.6 marks Anthropic's first major model launch of the year, but it comes just months after the company released three others — Claude Opus 4.5 , Claude Sonnet 4.5 and Claude Haiku 4.5 — late last year. Anthropic's models are particularly popular with enterprise customers, which make up roughly 80% of Anthropic's business, CEO Dario Amodei told CNBC last month. The company's AI coding tool, Claude Code, as well as advancements within its productivity tool, Claude Cowork, have also started to spook software investors , many of whom are growing worried about the potential for disruption within the sector. The WisdomTree Cloud Computing Fund is down more than 20% year to date. "Everybody has seen this transformation happen with software engineering in the last year and a half, where vibe coding started to exist as a concept, and people could now do things with their ideas," Scott White, Anthropic's head of product for enterprise, told CNBC in an interview. "I think that we are now transitioning almost into vibe working." Read more CNBC tech news Alphabet resets the bar for AI infrastructure spending Software experiencing 'most exciting moment' as AI fears hammer the stocks Snap shares rise on fourth-quarter earnings that beat on sales Qualcomm stock sinks as memory shortage drags on forecast Anthropic was founded by a group of former OpenAI researchers and executives in 2021, and it's best known for developing a family of AI models called Claude. The company assigns new numbers to the models as they advance across generations, but the largest model in t...

格隆汇2月6日｜美国总统特朗普在社交媒体上发文称：日本将于2026年2月8日（周日）举行一场非常重要的立法选举。此次选举的结果对日本的未来具有重要意义。日本首相高市早苗已经证明了自己是一位强大、有力且睿智的领导人，而且是一位真正热爱自己国家的领导人。我期待着在3月19日欢迎高市早苗来到白宫。在我访问日本期间，我和我的所有代表都对她印象深刻。除了国家安全问题，美国和日本还密切合作，达成了一个非常重要的贸易协议，这对两国都有极大的好处。高市早苗及其执政联盟的工作值得高度赞誉，因此，作为美国总统，我很荣幸对她以及她备受尊敬的联盟所代表的一切给予全面和彻底的支持。她不会让日本人民失望，祝她在至关重要的周日投票中取得成功。

Many of the bullish Bitcoin narratives are suddenly breaking down all at once. Momentum signals are deeply oversold but aren’t triggering a bounce after a 40% plunge from the token’s peak; the much-hyped wave of demand from exchange-traded funds has given way to choppy flows; and it’s failing to behave like a hedge in times of geopolitical stress. So traders are turning to more unforgiving tools — historical drawdown math, technical tripwires, and liquidity gauges — instead of relying on the usual parade of pitchmen talking up Bitcoin as the future of finance. With the coin around $67,000 from $126,000 just a few months ago, the charts are louder than the stories. John Roque at 22V Research frames it in cycles. Bitcoin has lived through five substantial bear markets since 2011, with an average drawdown of 80%. The smallest of those came in at 72%. If this cycle hits that threshold, the token would fall to about $35,200. For now, he’s maintaining a target of $60,000 — until and unless that point is also breached. Michael Purves at Tallbacken Capital sees similar risks from long-term trend signals. He flagged a monthly MACD crossover, a momentum indicator that Purves says has “excellent track record in signaling major moves lower.” That signal triggered in November and has preceded declines of 60–65% the last four times it appeared. He also points to a key line at $76,000: the average cost basis for Michael Saylor ’s Strategy, the largest corporate holder of Bitcoin. That level has already broken. This week, Purves reiterated a price target of $45,000 for the token, which would indicate a drop of about 33% from current levels. “Bitcoin selling has accelerated,” he said. Read more: Michael Burry Warns of Cascading Effects From Bitcoin Plunge Matt Maley , chief market strategist at Miller Tabak + Co. says the level just below $70,000 is key — it’s where the 50% retracement of the coin’s rally since its 2022 lows comes into play. After that, he’s watching $65,000, which ...

ArtistGNDphotography/E+ via Getty Images Oppenheimer on Thursday initiated coverage of Louisiana-Pacific Corp. ( LPX ) with an Outperform rating and a $115 price target, arguing that the company’s siding business can deliver sustained growth and margin expansion despite cyclical pressures in housing . Analyst Tyler Batory said Louisiana-Pacific’s ( LPX ) engineered wood siding segment represents a secular growth story within a traditionally cyclical industry, supported by ongoing conversion away from vinyl and traditional wood products, improving capacity utilization and the ramp-up of newer offerings such as ExpertFinish . Oppenheimer expects siding revenue to grow about 8% in fiscal 2026 even in a challenging macro backdrop, with segment earnings before interest, taxes, depreciation and amortization margins projected to expand to roughly 26% by 2027 as volumes rise within the company’s existing manufacturing footprint . The firm described Louisiana-Pacific’s ( LPX ) oriented strand board business as a “call option” rather than a core value driver, noting that normalized pricing could generate excess cash for dividends and share repurchases once market conditions stabilize . Oppenheimer’s valuation applies a sum-of-the-parts approach, using a 15x multiple on its 2026 siding EBITDA estimate and a 6x multiple on normalized OSB ebitda, which it pegs at $230 million based on long-term historical averages . Shares of Louisiana-Pacific ( LPX ) recently traded around $94, implying nearly 30% upside to Oppenheimer’s target, as the firm said the market is undervaluing the durability of the company’s growth trajectory and the long-term earnings power of its OSB assets. More on Louisiana-Pacific Louisiana Pacific: Why It's Still Not Attractive Louisiana-Pacific: A Tale Of 2 Markets Seeking Alpha’s Quant Rating on Louisiana-Pacific Historical earnings data for Louisiana-Pacific Dividend scorecard for Louisiana-Pacific

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys. On Wednesday, Cavco Industries' CEO, William C. Boor, made a $495,000 purchase of CVCO, buying 1,000 shares at a cost of $495.00 each. So far Boor is in the green, up about 7.2% on their purchase based on today's trading high of $530.88. Cavco Industries is trading up about 4% on the day Thursday. And at Standex International, there was insider buying on Wednesday, by Director Andy L. Nemeth who bought 2,000 shares at a cost of $245.00 each, for a trade totaling $490,000. Before this latest buy, Nemeth made one other purchase in the past year, buying $418,992 shares at a cost of $209.50 a piece. Standex International is trading up about 0.1% on the day Thursday. Investors have the opportunity to grab SXI even cheaper than Nemeth did, with shares trading as low as $236.16 at last check today -- that's 3.6% below Nemeth's purchase price. VIDEO: Thursday 2/5 Insider Buying Report: CVCO, SXI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Welcome to Eye on AI, with AI reporter Sharon Goldman. In this edition…Meta’s giant Hyperion data center gets even bigger…OpenAI and Amazon talk about an alliance…Is the AI bubble popping because AI is actually working?…AI makes inroads at the Super Bowl (at least in the ads). I’m in a bit of recovery mode today, having just returned from several days in northeast Louisiana visiting Meta’s massive AI data center site, known as Hyperion, for a feature story I’m reporting. I’ve been scouring the thesaurus, trying to land on the right word to describe just how large, loud, and chaotic this construction site is. Colossal? Mammoth? Sprawling? Let’s put it this way: it takes a while just to drive the length of the site—it stretches roughly five miles from top to bottom. And during that drive, I discovered that Hyperion is getting even bigger. While the expansion had long been suspected—and was something of an open secret among some locals—I confirmed that Meta has quietly purchased roughly 1,400 additional acres, an area nearly twice the size of Manhattan’s Central Park, adjacent to its already-mega 2,250-acre campus. I also observed active construction underway on the newly acquired land—when I wasn’t worrying about getting mowed down by the endless parade of 18-wheelers hauling materials in and around the site. A potential Amazon-OpenAI deal to power Alexa Now that I’m back in one piece, I want to turn to a different news item that caught my eye this week. As Amazon weighs an equity investment of tens of billions of dollars in OpenAI, it is reportedly in talks to use OpenAI models to power some of its internal AI products, including the Alexa voice assistant. The deal, first reported by The Information, would involve OpenAI employees helping to customize models for Amazon’s needs. The news comes just a day after Amazon finally made its Alexa+ AI assistant available to everyone in the U.S., nearly a year after its initial launch. I attended the splashy unveiling in New Y...

Investors in Taiwan Semiconductor Manufacturing Co., Ltd. (Symbol: TSM) saw new options begin trading today, for the March 27th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the TSM options chain for the new March 27th contracts and identified one put and one call contract of particular interest. The put contract at the $325.00 strike price has a current bid of $17.70. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $325.00, but will also collect the premium, putting the cost basis of the shares at $307.30 (before broker commissions). To an investor already interested in purchasing shares of TSM, that could represent an attractive alternative to paying $327.44/share today. Because the $325.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 54%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 5.45% return on the cash commitment, or 39.79% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Taiwan Semiconductor Manufacturing Co., Ltd., and highlighting in green where the $325.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $330.00 strike price has a current bid of $16.80. If an investor was to purchase shares of TSM stock at the current price level of $327.44/share, and then sell-to-open that call contract as a "covered call," they are committing t...

US equity indexes fell in midday trading on Thursday as weak labor market data and caution with big Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.

Silver’s volatility has been amplified by the growing popularity of leveraged exchange-traded products, making its price swings more violent than ever. The metal’s sudden meltdown on Jan. 30 was accelerated by a sale of billions of dollars of silver by the largest such ETF tracking the metal, the 2x ProShares Ultra Silver ETF, known as AGQ, according to data compiled by Bloomberg. As silver saw the biggest intraday fall on record, AGQ had to mechanically reduce futures exposure as part of its daily leverage reset, unleashing a wave of selling into an already crowded market. AGQ, which targets daily investment returns of twice the move in silver futures, must rebalance based on net asset values at 1:25 p.m. Eastern time, according to a prospectus on its website. Sliver was down by nearly a third at that time. The magnitude of the fall left the fund holding an outsized long position on the day, meaning it had to sell an estimated $4 billion of silver futures, according to a note earlier this week from Ole Hansen , head of commodity strategy for Saxo Bank A/S. Prior to last week, silver had soared throughout January, fueled by buying from Chinese and Western retail investors, and a wave of call-option purchases. The metal fluctuated wildly again this week, falling as much as 18% on Thursday. ProShares declined to comment. Leveraged ETFs have surged in popularity , with nearly a third of those launched last year featuring some form of leverage, according to data compiled by Bloomberg Intelligence. In silver, already a volatile metal popular with retail investors, products such as AGQ or the WisdomTree Silver 3x Daily Leveraged ETF have grown large enough to have an appreciable impact on intraday price moves. A record wave of purchases of call options — which give holders the right to buy at a pre-determined price — also set the conditions for silver’s rapid rise and fall. Dealers rushed to hedge their positions by buying the underlying asset as prices moved higher, cont...

汤森路透跌幅扩大至7%。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

A Russian captain was on Thursday jailed for six years over the death of a crew member lost at sea when his cargo ship hit an anchored oil tanker in the North Sea. Vladimir Motin, 59, had been on sole watch duty when his ship, the Solong, crashed into the Stena Immaculate anchored just off the coast of Yorkshire, northeastern England, last March. The collision triggered a huge fire and a major rescue operation. Advertisement Motin was an “accident waiting to happen”, judge Andrew Baker said as he sentenced him at London’s Old Bailey court for the manslaughter by gross negligence of Filipino sailor Mark Angelo Pernia, who had been working in Solong’s bow. “This was a gross failure to identify the collision risk,” Baker said. Advertisement Pernia, 38, who was married with a young child, was lost at sea following the crash. His body has never been recovered.

格隆汇2月6日｜市场消息：委内瑞拉大赦法将立即赦免因批评政府而入狱的政治抗议者。该法还将归还被拘留人员的资产。

格隆汇2月6日｜美国总统特朗普：我已就迪戈加西亚岛问题与英国首相斯塔默进行了非常富有成效的讨论。

FactSec下跌10%，创2020年3月份以来盘中新低，投资者关注Anthropic对AI模型进行升级。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

On Thursday, Anthropic released the latest version of Opus — its most advanced model and a particularly important model for Claude Code. Opus 4.5 was only released last November and, with 4.6, the company has sought to broaden its model’s capabilities and appeal, allowing for a greater variety of uses and customers. Perhaps the most notable addition to the newest version of Opus is the inclusion of what the company calls “agent teams”— teams of agents that can split larger tasks into segmented jobs. “Instead of one agent working through tasks sequentially, you can split the work across multiple agents—each owning its piece and coordinating directly with the others,” the company says. Scott White, Head of Product at Anthropic, compared the new feature to having talented team of humans working for you, noting that the segmenting of agent responsibilities allows them “to coordinate in parallel [and work] faster.” The agent teams are currently available in a research preview for API users and subscribers. Opus 4.6 also comes with a longer context window — meaning that the program has a capacity to recall a greater amount of information per user session. The new model offers 1 million tokens of context, which is comparable to what the company’s Sonnet (versions 4 and 4.5) currently offers. Those context windows allow for work involving larger code bases and can also allow for the processing of larger documents, the company says. The new version of Opus also integrates Claude directly into PowerPoint as an accessible side panel. This is a step up from PowerPoint’s previous integration with the chatbot. Previously, a user could tell Claude to create a PowerPoint deck, but the file would then have to be transferred to PowerPoint to edit the presentation, White said. Now, the presentation can be crafted within PowerPoint, with direct help from Claude. White told TechCrunch that Opus has evolved from a model that was highly capable in one particular domain—that is, software d...

JHVEPhoto/iStock Editorial via Getty Images I’ve become more optimistic on Advanced Micro Devices, Inc. ( AMD ), lately . For the first time in a while, the company is not just selling a GPU roadmap. It is laying out a real system roadmap, with MI400 and rack-scale solutions that can actually scale. I also felt more confident after Intel’s earnings , when management basically admitted end demand is running ahead of their capacity. If that stays true, AMD does not need a miracle to gain share in PCs and notebooks. It just needs product availability and steady execution, and this quarter was a pretty clean example of that, with Client delivering record CPU sales and strong sequential growth. And yet the market is in full risk-off mode, punishing anything tied to the AI thesis unless the AI ramp is visible right now. That is why I think the reaction to this AMD quarter was exaggerated. A lot of what hit the numbers was timing and policy noise, not a collapse in demand, and the selloff looks more like an entry point than a thesis break. AMD Q4 2025 Earnings Call AMD reported $10.27B of revenue, ahead of consensus in the ~$9.64B to $9.67B range, or roughly a ~6.5% beat. Non-GAAP EPS was $1.53 versus the $1.32 consensus, about ~16% above. Profitability also came in strong, with a 57% non-GAAP gross margin versus ~54.5% expected and $2.85B of non-GAAP operating income versus $2.55B expected. Sequentially, revenue increased ~11% QoQ and EPS increased ~28% QoQ. AMD Non-GAAP gross margin expanded from 54% in Q3 to 57% in Q4, but this included a $360M inventory reserve release related to MI308 inventory that had previously been reserved amid export restriction uncertainty. Excluding that benefit, the underlying margin was closer to ~55%, still an improvement but less than the headline suggests. Segments: Data Center Drove the Upside, PCs Stayed Healthy, Gaming Was the Soft Spot Data Center: $5.38B in Q4 revenue (record), up ~25% QoQ, supported by EPYC momentum and Instinct dep...

AMD Stock: The Selloff Looks Overdone, Let’s Calm Down (NASDAQ:AMD) Seeking Alpha

FrankRamspott/E+ via Getty Images Introduction to the iShares Latin America 40 ETF The iShares Latin America 40 ETF ( ILF ), which was set up on the 25 th of October 2001, has so far garnered total assets under management of over $4 billion. This ETF, issued by BlackRock, Inc. ( BLK ), offers an annualized yield of 3.2% (distributions are made twice a year in June and December) at the time of writing and has an expense ratio of 0.47%. What Does ILF Do? ILF uses representative sampling (whereby it attempts to mimic the performance of an index, not by owning every stock that the index owns, and in the same proportion, but rather just a sample of stocks that, in total, have the same characteristics as the index). It passively tracks the S&P Latin America 40 Index (SLA4I). SLA4I, in turn, selects the 40 largest and most liquid stocks (by free float market capitalization) from five specific Latin American markets—Brazil, Mexico, Chile, Peru, and Colombia. SLA4I comes across as a good representation of blue-chip stocks from Latin America (the index is designed to represent 70% of the Latam region's total market capitalization) and is one of seven indices that jointly account for the S&P Global 1200. What Are the Standout Characteristics of ILF’s Portfolio? ILF’s tracking index not only chooses the largest stocks in Latin America, but it also assigns weights to its individual holdings on the basis of their free-float market capitalization; this makes this portfolio tilt very heavily to giant-cap stocks, which alone account for over two-thirds of the portfolio. Morningstar As far as country exposure goes, we know ILF covers five different options, but Brazilian stocks account for a huge chunk of this portfolio, both in terms of number (43% of all holdings), as well as market capitalization (59%). Country exposure From a sector angle, even though ILF provides exposure to stocks from 10 different sectors, two subplots stand out. 39% of the portfolio comes from just financial ...