Online prediction market Kalshi hit a daily record on Super Bowl Sunday, surpassing $1bn in trading volume, the company announced on Tuesday. Kalshi’s CEO, Tarek Mansour, called it an “incredible weekend”, telling CNBC that “Kalshi was the biggest brand of the Super Bowl this year, without running a Super Bowl ad”. Kalshi trading volume during the game was up 2,700% year over year. More than $100m were bets on Bad Bunny’s opening song and $45m on which artists would perform with him on stage. In comparison, the platform saw $27m in total trading volume at last year’s Super Bowl. Prediction markets like Kalshi allow users to trade on the outcomes of virtually anything, from sports and elections to what color someone will wear during a performance. Unlike casinos or traditional sportsbooks, users effectively bet (or “trade”) against others on the platform, instead of an established “house”, and the platforms earn revenue by charging trading fees. Kalshi and competitor Polymarket argue that this model distinguishes them from traditional casinos or sportsbooks. Since the US supreme court overturned the federal ban on sports betting in 2018, state gambling agencies regulate traditional gambling outfits, but prediction markets are currently overseen by the Commodity Futures Trading Commission. “The reason people are flocking to prediction markets, especially Kalshi, is that our incentive as a company [is] we win when the customers win, we don’t win when the customers lose, and that’s a huge difference in the model,” Mansour said on Tuesday. On Sunday, Kalshi told users that although some deposits were “delayed because of the amount of traffic and deposits we’re getting”, their money “is safe and on the way, it will just take longer to land”. Prediction markets have risen in popularity in recent months and are now used beyond sports, edging into other events such as the Grammys and Oscars. Last week, Kalshi announced that the NBA star Giannis Antetokounmpo was joining the ...

格隆汇2月11日｜美联储洛根：如果出现压力，确实存在脆弱性，有可能迅速去杠杆。

格隆汇2月11日｜美联储洛根：透明度和强大的风险管理真的非常重要。

格隆汇2月11日｜当地时间10日，美国总统特朗普表示，“伊朗不会拥有核武器或者导弹”。

喜忧参半的财报令欧洲市场表现平淡，开云集团因业绩好于预期而上涨，而BP公司在暂停股票回购后下跌。 斯托克600指数收盘几无变动。BP公司股价下跌6.1%，此前石油巨头大砍7.5亿美元的季度股票回购计划。开云集团股价上涨11%，该公司发布的2025年最后几个月Gucci销售额降幅小于预期。 保险板块跌幅最大。周一，美国保险业股价下跌，私营在线保险购物平台Insurify推出了人工智能工具，引发对行业颠覆的担忧。化工和汽车类股表现优异。 数据显示，MSCI欧洲指数中的公司迄今为止公布的季度利润增长了1.8%，高于分析师预期的1.3%。 巴黎Ecofi Investissements的基金经理Karen Georges表示，“令我感到惊讶的是，当公司业绩未达预期时，市场几乎没有宽容度，对业绩未达预期的企业惩罚非常严厉，而对业绩超出预期的企业却没有给予相当的奖励。” 其他个股方面，飞利浦上涨12%，此前该公司高管称强劲的需求有助于缓解关税的影响。法拉利股价飙升11%，该意大利超跑制造商发布了2026年的新目标，令投资者对其维持增长和利润率的能力充满信心。 渣打银行股价下跌5.7%，此前该行首席财务官Diego De Giorgi出人意料地辞职。 责任编辑：丁文武

格隆汇2月11日｜美联储洛根：我已注意到美国国债现货-期货基差交易的增长。

Black_Kira/iStock via Getty Images Overview Since my Sell rating in April 2025, SoundHound AI, Inc.'s ( SOUN ) stock is up 14% versus S&P 500 Index ( SPY ) gains of 34%. My caution on SoundHound stems from two key dealbreakers for me. Its growth has been driven by M&A, and its R&D spend pales in comparison to its competitors—leaving it challenging to envision the company succeeding long-term. Amidst all of this is its premium valuation . My April discounted cash flow analysis revealed that SOUN was overvalued by 12% based on assumptions of 50% CAGR and 25% free cash flow margins, on average, over a nine-year projection period—which is an arduous task for even a comfortably profitable top-tier company. For those unaware, SoundHound is primarily involved in voice AI agents—dealing in restaurants, auto, retail, and finance. Think of going through a drive-thru and having your order taken by some AI agent. That could be SoundHound’s technology! When I last covered SoundHound, they were growing revenues 85% year-over-year, achieving $84.7 million in 2024. It guided for $157 million-$177 million in 2025. The company was not yet profitable—burning (cash from operating activities) $33.1 million in Q4 2024. The article that follows reevaluates SOUN in light of its 2025 performance and ahead of its next earnings release on February 27th. Recent Trends One thing that merits a mention is that SoundHound’s stock has been victim to a broader software-associated ( IGV ) selloff—with its stock price being cut from >$20 in October 2025 to just $8.56 today. Seeking Alpha The company has not yet provided full-year 2025 figures (its Q4 earnings announcement date is set for 2/27), so I’m going to focus on its Q3 results . Q3 revenue was $42 million (up 68% year-over-year), and the company guided full-year 2025 revenue to fall between $165 million and $180 million. So this is a slight raise over its original full-year 2025 guidance. In the meantime, its profitability doesn't appear to hav...

Palantir Stock Faces Investor Dilemma Amid High Valuation intellectia.ai

What would Wallace - everyone’s favourite amateur Yorkshire inventor – look like with a moustache, straw boater and postman’s coat? Would a huge set of teeth suit his faithful beagle, Gromit? How about a nose shaped like a banana? Such questions are answered by an illuminating and sometimes alarming exhibition at east London’s Young V&A that showcases the work of the world’s leading stop-motion outfit, the Bristol-based Aardman studios. Early sketches for Nick Park’s much-loved characters reveal that Wallace was once just a few bristles short of Hitler, while Gromit had fangs and the ability to speak. Such designs were judiciously smoothed along the way, with Gromit becoming toothless and mute, and Wallace’s long, thin face massaged into something wider and friendlier after Park watched Peter Sallis, the original voice of Wallace, enunciating the word “cheese”. Inside Aardman: Wallace & Gromit and Friends opens on Thursday and runs until 25 November, two months after the release of the studio’s third Shaun the Sheep movie, The Beast of Mossy Bottom. Aardman, which celebrates its 50th anniversary this year, is one of UK film’s most enduring and endearing success stories, with a current total of four Oscars and eight Baftas. Its first film, Chicken Run, is still the highest-grossing stop-motion movie of all time, taking $225m – about five times its budget – while its latest, Wallace & Gromit: Vengeance Most Fowl, became the BBC’s most-watched scripted show in two decades after it aired on Christmas Day in 2024. Sales for the exhibition are comparable to those enjoyed at the V&A’s main site in South Kensington. More than a quarter of the tickets have already gone, and the first three weeks are entirely sold out. More than 150 items are on display, including never-before-seen models, sets and storyboards from Aardman’s archives. They are all the more precious for their scarcity. A fire destroyed thousands of items in 2005, including the original Creature Comforts and Ch...

格隆汇2月11日｜当地时间10日晚间，以色列消息人士称，以总理内塔尼亚胡在访美期间将向美国总统特朗普提供有关伊朗军事能力的新情报，特别是关于伊朗恢复弹道导弹能力的情报。以色列方面称，如果不对伊朗进行干预，伊朗将在几周或几个月内拥有多达2000枚弹道导弹。

Key Points Oklo has impressive technology and some great contracts going for it. It's not a buy for 2026 and might be a sell as it has tumbled from its highs in 2025 and generates no revenue. The company has plenty of competition in the SMR industry, most of which are in a better spot financially. 10 stocks we like better than Oklo › Oklo (NYSE: OKLO) is an intriguing stock. It sits at the crossroads of several big trends in nuclear power and tech, namely small modular reactors (SMRs) and their potential to solve the power problems created by artificial intelligence (AI). Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » It's also working on liquid-metal reactors, which use molten lead or sodium as a coolant. Note, Oklo's specifically are sodium-based. That sounds counterintuitive but in some ways it's actually safer than water because they can handle higher temperatures at lower pressure than conventional water-cooled reactors. Though, they aren't with their problems. Liquid sodium is much more corrosive than water, for instance. Finally, the company is working on an up to $1.68 billion nuclear fuel plant in Oak Ridge Tennessee. It has also partnered with the Air Force to put one of its Aurora small liquid-cooled reactors at the Eielson Air Force Base in Alaska. Despite all of that though, Oklo is not a buy for 2026, and given that it has tumbled considerably from its peak of $174 late last year, it might be a sell. Let's get into it. Potential energy, flawed reaction The problem with Oklo isn't its technology, it's the company's financials -- or rather the total lack thereof. Right now, Oklo generates no revenue whatsoever and is entirely dependent upon investor dollars and lines of credit. A lack of profitability can easily be forgiven if a company is growing its revenue regularly and getting clo...

格隆汇2月11日｜美联储洛根：货币政策独立性至关重要，希望在未来多年仍能保持如此。

Anne Czichos/iStock Editorial via Getty Images In looking back at bank stocks I covered over the last few years, one particular bullish call on Germany's Deutsche Bank Aktiengesellschaft ( DB ) stuck out, and so today I'm following up on that stock. During my early days on Seeking Alpha, I called this stock a strong buy in my June 2023 article , and since then it is up +255% as of this writing, and since my bullish follow-up in Oct 2023, it is up around +251% since then too. So, this stock is among my best calls, and in both cases I thought it could be a good addition to a portfolio looking for exposure to large European banks that also trade shares directly on the NYSE, but I also thought its capital position was strong while the stock appeared undervalued to me at the time. Although I later recommended selling in my April 2025 coverage , expecting it to have reached its peak, it seems the market was much more confident than I was, driving the price up even further. So, with 2 of my 3 calls on this stock proving correct, this time I will approach it from a few additional angles and updated data to see if my prior thesis holds or changes. Nevertheless, this bank, which focuses on corporate and investment banking, private clients, and asset management products, recently had an earnings result on Jan 29th, so it is due for an update. Thesis Summary In my updated coverage of this stock, I am actually upgrading it back to a buy, agreeing with the overwhelming bullish consensus as of Monday. The worksheet below summarizes the factors that drove this score. DB - rating worksheet (author) Today's follow-up thesis argues that despite some lower upside forecasts and lack of clear technical buy signals, key strengths moving the needle towards the buy range include several positive macro forecasts and outlooks about this sector, as well as proven company growth in loans and net asset inflows, which can drive future interest and fee income. The credit rating remains stellar, al...

The first of several jury trials alleging that social media networks built products to get kids addicted kicked off in Los Angeles. Eric Goldman, professor at Santa Clara University School of Law, discusses the legal questions at the center of these cases with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)

《信報》印刷版出報日為星期一至六。 除以下公眾假期外，其餘日子照常出刊： 休刊日：逢周日及2021年2月12至15日、 4月3至5日、12月27日 《信報》網上版及流動版於休刊日將如常更新每日即時新聞， 敬請留意。

Federal Reserve Bank of Cleveland President Beth Hammack says interest rates could be on an extended hold while officials evaluate incoming economic data during an event in Columbus, Ohio. (Source: Bloomberg)

Fair value for the cryptocurrency is currently about $55,000.

格隆汇2月11日｜美联储洛根：在设定利率时，短期政治因素并不在美联储的数据考量范围内。

格隆汇2月11日｜据AXIOS网站，特朗普周二在接受采访时表示，若与伊朗的谈判失败，他正考虑向中东再派遣一个航母打击群，以为可能的军事行动做准备。美国与伊朗上周五在阿曼重启谈判，这是自去年6月以来双方首次重返谈判桌，但与此同时，特朗普正在海湾地区推进大规模军事集结。特朗普称，他预计第二轮美伊会谈将于下周举行。他说：“我们有一支舰队正在前往该地区，另一支也可能会出发。”一名美国官员证实，确实就向该地区部署第二个航母打击群进行过讨论。但特朗普对外交路径也表达了乐观态度，称伊朗“非常想达成协议”，并且在军事压力下，其参与谈判的态度比以往任何时候都更为认真，“上一次他们不相信我真的会动手，他们判断失误了。这一次的谈判非常不同。”

在金融软件供应商Altruist Corp．推出一款用于制定税务策略的人工智能工具后，市场担忧传统从业者可能面临冲击，税务规划及财富管理类股票应声暴跌。 嘉信理财一度下跌8.1%，其他财富管理类股票也纷纷受挫。Raymond James Financial Inc．下跌8.5%，LPL Financial Holdings Inc．下跌8.4%，Stifel Financial Corp．下跌7.2%。 Altruist在声明中表示，周二发布的新工具可帮助理财顾问为客户制定个性化策略，并生成工资单、账户对账单及其他文件。 “此次抛售似乎与市场对人工智能颠覆理财咨询和财富管理模式的担忧有关，”彭博行业研究分析师Neil Sipes表示。投资者可能主要担心效率红利因竞争而消散，长期费率压缩以及潜在市场份额转移。 周一，保险经纪股也经历了类似的重挫，此前Insurify 新推出的费率对比人工智能工具引发对这些公司业务前景的忧虑。 海量资讯、精准解读，尽在新浪财经APP 责任编辑：丁文武

Paramount Skydance says it would pay a $2.8 billion termination fee Warner would have to pay if it breaks off the deal with Netflix. Lucas Shaw reports. (Source: Bloomberg)

Susumu Yoshioka/DigitalVision via Getty Images The WisdomTree Japan SmallCap Dividend Fund ETF ( DFJ ) is an ETF that we've covered in the past . The themes were that there was less export indexation here than in larger-cap, more passive ETFs for the Japanese market, like the ( EWJ ), which has a lower expense ratio at 0.49% compared to the 0.58% of the DFJ. FX continues to be an important consideration for approaching the Japanese market. To have made good money in these markets lately without an FX hedge, you have to be positioned such that a decline in the JPY, which is becoming more and more marginal as new and less conservative fiscal leadership takes the reins of Japan, actually works fundamentally for the portfolio. Smaller-cap stocks in Japan will typically be more domestically exposed and therefore are more at risk of the FX declines. On the other hand, a more fiscally expansive policy expected from the Takaichi administration should also help drive some expansion in domestic markets on the demand side as well. Also for financial exposures, indeed a concern also for the value-weighted large-cap inde x, there is a bit of a doom-loop between the Japanese fiscal position, demand for bonds, balance sheet exposure, and related risk to the currency. The issue for small caps is that we worry there might be more downside for the FX than upside for a market with consumers that have a high propensity to save incremental disposable income. DFJ Breakdown Sectors (WisdomTree) Sectoral exposures are as above. While there is usually some foreign exposure in any given industrial, materials, or consumer discretionary exposure, there is much more domestic demand than there would be for a lot of the large-cap index, which is dominated by leading export brands with revenue mostly coming from abroad. Therefore, there is more exposure to FX. While end customers might be more indexed to export markets, as ultimately the bulk of the Japanese economy is export-led, relative strengt...

德国国债收益率曲线牛市趋平但表现逊于美国国债，后者在12月美国零售销售意外停滞后领涨。欧元区债券涨幅进一步受到德国、荷兰和奥地利债券发行需求稳健的推动。欧盟通过银行分两部分发行的债务也吸引了大量认购。 德国10年期国债收益率迈向逾两个月来最低收盘水平，法国和意大利同期限债券收益率则跌至11月以来最低。 周三德国和希腊发行的债券以较长期限为主；法国预计将通过银行渠道发行30年期债券。 英国国债收益率曲线牛市趋平，但表现逊于德国国债和美国国债，首相基尔·斯塔默试图平息党内纷争。 市场： 德国国债收益率下降4个基点，至2.80%； 德国国债期货涨30点，至128.61； 意大利10年期国债收益率下降4个基点，至3.41%； 法国10年期国债收益率下降4个基点，至3.40%； 10年期英国国债收益率下降3个基点，至4.50%。 责任编辑：丁文武

Investors obsessed with efficiency — a thinly veiled euphemism for layoffs — may have found an unlikely ally in Superhuman CEO Shishir Mehrotra. "I don't view [AI] as a job taker. I view it as a job expander," Mehrotra told Yahoo Finance. "In my mind, we're about to give everybody 100 new employees." He added that the likely result is the workforce is taught to use management skills to oversee digital teams. It is a bold, and perhaps overly optimistic, rebrand of the AI revolution. But it is one that Mehrotra is betting his entire company on — quite literally. In mid-2025, the writing-assistant giant Grammarly acquired the premium email app Superhuman and then, in a surprising twist, rebranded the entire $13 billion conglomerate under the Superhuman name. The logic behind the merger was clear. At the time, Grammarly had over 40 million daily users, but Superhuman email client provided the "surface" where professionals spent the bulk of their day. By combining Superhuman's email app, Grammarly's writing intelligence, and Coda's collaborative workspace (another 2025 acquisition), the new Superhuman aims to be the AI-native productivity suite that challenges the dominance of Microsoft (MSFT) and Google (GOOG, GOOGL). The "100 agents" Mehrotra describes aren't just fancy chatbots. He visualizes them as digital assistants, designed to pull data from CRMs, summarize support tickets, and draft replies in a user's specific voice. Lisbon , Portugal - 11 November 2025; Shishir Mehrotra, CEO, Superhuman (formerly Grammarly),on Centre stage during day one of Web Summit 2025 at the MEO Arena in Lisbon, Portugal. (Photo By Alex Broadway/Sportsfile for Web Summit via Getty Images) · Alex Broadway via Getty Images In his view, the metric for success isn't just about how many people use OpenAI's (OPAI.PVT) ChatGPT, it's about the volume of background work being done. Grammarly users, he notes, are already triggering over 100 billion LLM calls a week. However, investors should remain...

J.P. Morgan says fears of an AI-driven software wipeout are overblown and highlights 19 stocks—from Microsoft to CrowdStrike—it believes are positioned to rebound.

(RTTNews) - Swiss stocks swung between gains and losses in cautious trading on Tuesday as investors appeared reluctant to make significant moves, choosing to wait for some clear direction. The benchmark SMI, which moved in a tight band of about 65 points, settled at 13,518.22, little changed from previous close of 13,517.73. Richemont climbed 2.25%. Givaudan gained about 1.85%, while Alcon and Geberit closed higher by about 1.55% at CHF61.02 and CHF633.80, respectively. Lindt & Spruengli, Sika, Straumann Holding, Partners Group, Schindler Ps, Logitech International, Nestle and Novartis also closed on firm note. Zurich Insurance Group closed down by 3.16%, and Julius Baer ended 3.04% down. UBS Group, Kuehne + Nagel, Helvetia Baloise Holding, Sandoz Group, Holcim and Amrize lost 1%-1.5%. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

美国商务部长霍华德·卢特尼克周二淡化了与杰弗里·爱泼斯坦的关系，尽管他承认在爱泼斯坦被定罪为性犯罪者后，曾于2012年造访过这位声名狼藉的金融家的私人岛屿。 在周二的听证会上被问及司法部文件显示他曾计划访问爱泼斯坦的岛屿后，卢特尼克向参议院小组描述了他前往该岛的情况。 “我确实和他一起吃过午餐，当时我正乘船和家人一起去度假，我的妻子和我在一起，还有我的四个孩子以及保姆，”卢特尼克告诉参议院拨款委员会下属小组委员会。 美国商务部长卢特尼克 他还补充说：“我和我的妻子、孩子以及另一对夫妇和他们的孩子唯一看到的就是岛上为爱泼斯坦先生工作的员工。” 司法部近几周公布的文件显示，卢特尼克此前对其与爱泼斯坦关系的程度描述有误。 在去年接受播客Pod Force One采访时，卢特尼克描述了2005年搬进与爱泼斯坦毗邻的住宅后，因深受其困扰，他与妻子同意不再与爱泼斯坦共处一室。“所以在商务社交场合，甚至是在慈善活动中，我未和他同处一室，”他说。 司法部文件还显示，卢特尼克与爱泼斯坦——直到2018年仍持续互通信息。 尽管如此，卢特尼克在参议院听证会上表示：“我与他没有任何关系。” 俄勒冈州民主党参议员Jeff Merkley对卢特尼克的说法表示怀疑。 “人们感到困扰的原因在于，去年你说过已断绝所有联系，但此后却出现八次互动，”Merkley说。“你在2012年计划带着家人前往这个私人岛屿。听起来像是你和对方熟知到你会打电话说，‘让我们把家人聚在一起吧。’” 一些议员已因卢特尼克与爱泼斯坦的关系呼吁其辞职。白宫周一驳斥了这些说法。 白宫发言人Kush Desai表示：“特朗普总统组建了现代历史上最优秀且最具变革性的内阁。整个特朗普政府，包括卢特尼克部长和商务部仍专注于为美国人民服务。” 责任编辑：丁文武

The question on many investors' minds is whether Nvidia (NASDAQ: NVDA), one of the best-performing stocks in the market, is still a buy after its huge run-up the past five years. For those who missed out on buying the stock, let's look at five reasons that I think the answer is still yes. 1. The AI arms race Currently there is a race among big technology companies to build data centers designed to handle artificial intelligence (AI). This is a handful of some of the biggest names in tech. While investors might not always be fans of their spending plans, capital expenditure (capex) budgets for these tech leaders are on the rise. The big names that are spending on AI infrastructure include cloud computing stalwarts Microsoft, Amazon, Alphabet, and companies like Meta Platforms, Oracle, OpenAI, and Elon Musk's Tesla and xAI. Both Alphabet and Meta Platforms have come out and said that the biggest risk with their AI infrastructure build-outs is underinvesting, given the huge opportunity AI presents. Musk, meanwhile, built his own data center for xAI because Oracle couldn't produce the AI cluster it needed fast enough. And while these large tech companies duke it out, the one company best positioned to continue to reap the rewards is Nvidia, which through the sale of its graphics processing units (GPUs) is essentially the arms dealer in the battle for AI supremacy. 2. Exponential computing power will be needed As these companies build their AI infrastructure, there is no sign that this spending will let up. The big reason is that as large language models (LLMs) advance, they need more computing power to be trained on. And they won't need a few more GPUs for training -- they will need exponentially more. For example, xAI's Grok 2 model used 20,000 GPUs to train, while its Grok 3 model will use 100,000. Meta Platforms has said its next-generation Llama 4 model will likely need 10 times the computing power as Llama 3. That would bring the number of GPUs required to train th...

Key Points The growth potential in the GLP-1 market could help healthcare stocks soar in value. Competition, however, is likely to be fierce. Many drugs offer comparable weight loss. 10 stocks we like better than Eli Lilly › Healthcare companies have been feverishly working on developing GLP-1 weight loss products in an effort to cash in on what's turning out to be a massive gold rush in the sector. Companies big and small have GLP-1 drug candidates in development that, if successful, could be game changers for their businesses. It could put small stocks on the map, and for larger companies, it could mean an improvement in their growth rates. It may seem exciting to invest in GLP-1 stocks for their future growth potential, but there are important things to consider before you dive in. Here are three key things you should know about GLP-1 stocks, to help you decide whether it can be a good area for you to invest in. 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 » The market is massive, but estimates have been coming down Given the potential for weight loss drugs to improve the overall health of patients and their wide-ranging benefits, analysts have been understandably bullish on the space. But perhaps they have been too excited about it. Goldman Sachs recently trimmed its forecast for the anti-obesity drug market. It projects that theglobal marketwill be worth $95 billion by the end of the decade, which is a sizable decrease from the $130 billion it was previously forecasting. It's still massive, but it's a sign of just how much hype there has been around GLP-1 drugs. And with concerns about side effects and people gaining weight back after they stop using the drugs, it's possible there may still be too much hype right now. Competition is likely to ramp up Today, Eli Lilly (NYSE: LLY) looks to be the early leader in the GLP-1 space, as it has bee...