The steady slide in Figma stock may finally end soon. The initial optimism around Figma (FIG 1.38%) stock has given way to disappointment. In late July, it launched what initially looked like a successful IPO. However, optimism gave way to disappointment as the stock steadily slid after an initial bump. Today, the stock is down more than 25% from its IPO price of $33 per share. Fortunately, a lot can change in five years. Thus, long-term investors can probably shrug off its recent performance, given the high probability of earning long-term gains over the next five years. Here's why. The state of Figma stock Figma's cloud-based, collaborative design tools have attracted interest from customers and investors alike. Adobe attempted to buy the company, but its efforts to unseat Figma after abandoning the proposed merger have not succeeded. Knowing that, one can see why Figma stock debuted with a high degree of optimism. So what happened? For one, investors may not like its current financials. In the first nine months of 2025, revenue of $752 million rose 41%, compared to the same period in 2024. Unfortunately, its operating expenses far surpassed its revenue. With that, its loss of just over $1 billion in the first three quarters of 2025 rose from $830 million in the same year-ago period despite the higher revenue. Moreover, due to bottom-line losses, Figma does not have a P/E ratio, and its price-to-sales (P/S) ratio is 12. Also, no catalyst has emerged for the stock to begin its turnaround. Expand NYSE : FIG Figma Today's Change ( -1.38 %) $ -0.31 Current Price $ 22.20 Key Data Points Market Cap $11B Day's Range $ 21.42 - $ 22.97 52wk Range $ 19.85 - $ 142.92 Volume 25M Avg Vol 8.5M Gross Margin 85.74 % Why a long-term turnaround may be in sight Still, the level of revenue increases makes Figma a growth stock, and considering that its forward P/S ratio stands at 9, the stock price has begun to seem more reasonable. As that trend continues, we could see a turning poin...

In early February 2026, Arista Networks drew increased attention as analysts and institutional investors highlighted its debt-free balance sheet, sizable liquidity, and central role supplying AI-focused networking gear to hyperscalers such as Meta and Microsoft ahead of its February 12 earnings release. An interesting angle is how Arista’s shift toward higher-margin software and recurring revenue, alongside its AI data center exposure, is becoming a core pillar of many professional investors’ cloud infrastructure theses. With recent share price weakness over the past week and Arista’s AI-driven data center positioning in focus, we’ll explore how this shapes its investment narrative. Rare earth metals are the new gold rush. Find out which 31 stocks are leading the charge. What Is Arista Networks' Investment Narrative? To own Arista today, you need to believe that high‑performance networking will remain foundational to cloud and AI data centers, and that Arista can keep monetizing that with premium hardware, software and growing recurring revenue. The recent pullback, despite analysts pointing to earnings and revenue growth ahead of the February 12 report, mostly looks like sentiment resetting after a very large multi‑year run rather than a fundamental break in the story. Near term, the key catalysts still sit around whether AI‑related orders from hyperscalers like Meta and Microsoft stay resilient, and whether new R4 and campus products begin to show up in guidance. The main risk is that Arista’s premium valuation, combined with heavy reliance on a concentrated set of big cloud customers, could magnify any disappointment. However, investors should be aware of how much depends on a few hyperscale buyers. Arista Networks' share price has been on the slide but might be up to 14% below fair value. Find out if it's a bargain. Exploring Other Perspectives ANET 1-Year Stock Price Chart Twenty‑three Simply Wall St Community fair value estimates span roughly US$112.8 to US$19...

A strong month for Turkish stocks caught local fund managers off guard as they struggled to keep up with a rally driven by a handful of stocks. Only 7.5% of domestic equity funds managed to outperform the main stock index in January, the worst showing since 2021, according to Turkey’s Electronic Fund Distribution Platform data. In the same period last year, 54% funds beat the index. Fund managers have lagged the index, partly because the rally has been concentrated in a few stocks with high index weighting, such as Kiler Holding AS and Aselsan Elektronik Sanayi Ve Ticaret A.S. Regulations prevent traditional fund managers from holding more than 10% of any single stock, meaning even if an investor picked the right company, the extent of the gains is limited. “It has become very hard to beat the index if a fund wasn’t invested in those stocks at a specific period,” said Mehmet Gerz , chief executive officer and fund manager at Istanbul-based Osmanli Portfoy. Turkish Stocks Eye Best January Since ‘97 as Cash Pours In (1) Turkish stocks missed out on a long-awaited rebound in emerging markets last year as President Recep Tayyip Erdogan’s crackdown on a political competitor spooked investors. The country’s equities are now closing the gap, buoyed by a push by investors to diversify away from US assets. Turkish equity market attracted a net $1.5 billion of inflows from foreign investors in January. The Borsa Istanbul 100 Index has climbed 21% in dollar terms in the first month of the year, its best performance since 1997.

Argentina and US sign a major trade deal to slash tariffs and boost political alliance toggle caption Evan Vucci/AP BUENOS AIRES, Argentina — Argentina and the United States agreed Thursday to ease restrictions on each other's goods in an expansive trade deal that boosts a drive by President Javier Milei to open up Argentina's protectionist economy and a push by the Trump administration to reduce food prices for Americans. The deal, which slashes hundreds of reciprocal tariffs between the countries, also reflects the importance of Milei's ideological loyalty to U.S. President Donald Trump, even as the chronically distressed South American nation long isolated from the global economy has little to offer Washington in the way of economic reward or geopolitical clout. Argentina's radical libertarian leader has gone to dramatic lengths to prove his devotion to Trump, reshaping his country's foreign policy to align with the U.S. and championing Trump's increasingly aggressive interventions in the Western Hemisphere. Milei has traveled to the U.S. at least a dozen times since entering office and plans to visit Trump's private Mar-a-Lago club in Florida again next week. Sponsor Message The efforts have paid off. Last year as market turmoil threatened to derail Milei's free-market overhaul and drain Argentina's foreign currency reserves ahead of a crucial midterm election, Trump offered his ally a $20 billion credit line. Milei avoided a currency devaluation and won a decisive victory in the election that sent markets rallying. A trade deal between ideological allies On Thursday Argentine Foreign Minister Pablo Quirno and U.S. Trade Representative Jamieson Greer said they signed the trade and investment agreement in Washington. After imposing sweeping tariffs on its trading partners, the Trump administration changed its tune last November in announcing framework deals with four Latin American countries, including Argentina. The White House argued that the reduction of tarif...

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Micron Technology (NasdaqGS:MU) has started construction on a new advanced wafer fabrication facility in Singapore. The multi billion dollar project is planned over roughly a decade to expand NAND and high bandwidth memory manufacturing for AI and data centric uses. The site is expected to co locate R&D, use smart manufacturing systems, create new jobs, and include sustainability measures. For you as an investor, this move highlights how Micron is positioning around memory demand tied to AI data centers and data heavy applications. The company is a major supplier of NAND and high bandwidth memory, which are used in AI training, inference, and storage infrastructure. Locating more capacity in Singapore also adds another hub to its global manufacturing footprint. In the coming years, investors may watch how this Singapore build out affects Micron's product mix in higher value memory categories tied to AI and data infrastructure. The focus on co located R&D, automation, and sustainability may also influence Micron's cost structure, technology roadmap, and relationships with customers that prioritize supply resilience and environmental goals. Stay updated on the most important news stories for Micron Technology by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Micron Technology. NasdaqGS:MU Earnings & Revenue Growth as at Feb 2026 How Micron Technology stacks up against its biggest competitors Quick Assessment ❌ Price vs Analyst Target : At US$382.89, Micron trades about 3% above the US$371.68 analyst target midpoint. ❌ Simply Wall St Valuation : Shares are described as trading 99.7% above estimated fair value. ✅ Recent Momentum: The 30 day return of 11.49% signals positive short term momentum. Check out Simply Wall St's in depth valuation analysis for Micron Technolo...

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Micron Technology (NasdaqGS:MU) has started construction on a new advanced wafer fabrication facility in Singapore. The multi billion dollar project is planned over roughly a decade to expand NAND and high bandwidth memory manufacturing for AI and data centric uses. The site is expected to co locate R&D, use smart manufacturing systems, create new jobs, and include sustainability measures. For you as an investor, this move highlights how Micron is positioning around memory demand tied to AI data centers and data heavy applications. The company is a major supplier of NAND and high bandwidth memory, which are used in AI training, inference, and storage infrastructure. Locating more capacity in Singapore also adds another hub to its global manufacturing footprint. In the coming years, investors may watch how this Singapore build out affects Micron's product mix in higher value memory categories tied to AI and data infrastructure. The focus on co located R&D, automation, and sustainability may also influence Micron's cost structure, technology roadmap, and relationships with customers that prioritize supply resilience and environmental goals. Stay updated on the most important news stories for Micron Technology by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Micron Technology. NasdaqGS:MU Earnings & Revenue Growth as at Feb 2026 How Micron Technology stacks up against its biggest competitors Quick Assessment ❌ Price vs Analyst Target : At US$382.89, Micron trades about 3% above the US$371.68 analyst target midpoint. ❌ Simply Wall St Valuation : Shares are described as trading 99.7% above estimated fair value. ✅ Recent Momentum: The 30 day return of 11.49% signals positive short term momentum. Check out Simply Wall St's in depth valuation analysis for Micron Technolo...

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Micron Technology (NasdaqGS:MU) has started construction on a new advanced wafer fabrication facility in Singapore. The multi billion dollar project is planned over roughly a decade to expand NAND and high bandwidth memory manufacturing for AI and data centric uses. The site is expected to co locate R&D, use smart manufacturing systems, create new jobs, and include sustainability measures. For you as an investor, this move highlights how Micron is positioning around memory demand tied to AI data centers and data heavy applications. The company is a major supplier of NAND and high bandwidth memory, which are used in AI training, inference, and storage infrastructure. Locating more capacity in Singapore also adds another hub to its global manufacturing footprint. In the coming years, investors may watch how this Singapore build out affects Micron's product mix in higher value memory categories tied to AI and data infrastructure. The focus on co located R&D, automation, and sustainability may also influence Micron's cost structure, technology roadmap, and relationships with customers that prioritize supply resilience and environmental goals. Stay updated on the most important news stories for Micron Technology by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Micron Technology. NasdaqGS:MU Earnings & Revenue Growth as at Feb 2026 How Micron Technology stacks up against its biggest competitors Quick Assessment ❌ Price vs Analyst Target : At US$382.89, Micron trades about 3% above the US$371.68 analyst target midpoint. ❌ Simply Wall St Valuation : Shares are described as trading 99.7% above estimated fair value. ✅ Recent Momentum: The 30 day return of 11.49% signals positive short term momentum. Check out Simply Wall St's in depth valuation analysis for Micron Technolo...

受中国农历新年前需求放缓及市场供应充足信号持续累积影响，铁矿石价格跌破每吨100美元。 新加坡交易所61%品位铁矿石期货价格一度下跌1.1%，至每吨99.55美元，即将迎来连续第四周下跌，创6月以来最长连跌周期。随着中国主要港口及钢厂库存攀升，且钢铁市场显现季节性走弱迹象，铁矿石价格承压下行。 咨询机构我的钢铁网研究员余文轩表示：“铁矿石自身供需基本面仍显疲软。”他补充称，2月中旬开始的一周长假来临前，钢厂铁水产量增速低于预期，而通常对市场有支撑作用的补库行为已结束。 受中国钢厂年度压减粗钢产量影响，铁矿石价格持续走弱，与此同时澳大利亚和巴西主流矿企却在增产铁矿石。除传统矿山发运量外，几内亚西芒杜铁矿新项目将于今年提产，进一步增加海运市场供应。多重因素共同推升库存规模，目前铁矿石库存已攀升至多年高位。 上海钢 联电 子商务股份有限公司周五发布的港口样本数据显示，中国港口铁矿石库存已连续第十周回升，环比增加0.6%至1.6亿吨，创2022年以来新高，且逼近2018年历史峰值。库存持续走高或也受到必和必拓集团与中国矿产资源集团定价分歧的影响。 供应端，负责运营澳大利亚主要铁矿石出口码头的皮尔巴拉港务局周五发布声明称，当地时间下午4点前，黑德兰港、丹皮尔港及阿什伯顿港等码头泊位将完成清港作业。声明指出，本轮风暴发展速度略超预期，预计将出现大风天气。 新加坡时间中午12点15分，3月期铁矿石期货价格下跌1%，报每吨99.65美元。铁矿石价格上一次跌破100美元关口是在去年8月，不过彼时计价标的为当时主流的62%品位铁矿石。 责任编辑：李肇孚

百度集團-SW(9888.HK)：廣告業務企穩爲主 AI雲業務支撐中長期邏輯 富途牛牛

【收评：创业板指冲高回落跌0.73% 油气、化工板块全线走强】财联社2月6日电，市场低开高走后，尾盘再度回落翻绿。沪深两市成交额2.15万亿，较上一个交易日缩量305亿。盘面上，市场热点快速轮动，全市场超2700只个股上涨。从板块来看，化工板块集体走强，沧州大化、金牛化工、百川股份、百合花涨停。固态电池概念震荡走高，科森科技、鼎胜新材涨停。人形机器人概念表现活跃，五洲新春、联诚精密、天奇股份涨停。油气股回暖，准油股份涨停。下跌方面，大消费板块集体下挫，白酒、旅游酒店方向跌幅居前，皇台酒业跌停。AI应用端走弱，浙文互联触及跌停。截至收盘，沪指跌0.25%，深成指跌0.33%，创业板指跌0.73%。

annatodica Toyota Motor Corporation ( TMC ) announced a major leadership change on Friday, naming current CFO Kenta Kon as its next President and CEO. The transition is set to take effect on April 1, 2026. This marks the automaker’s second CEO change in just three years. Koji Sato, who has been the CEO since 2023, is moving to a new role as Vice Chairman. He will also take on the newly created role of Chief Industry Officer (CIO) . “Under this new leadership structure, Sato will focus on the broader industry, including Toyota, as Vice Chairman and CIO, while Kon will focus on internal company management as President and CEO,” the company said in a statement . Further governance updates are scheduled for June 2026 following the company's 122nd Ordinary General Shareholders' Meeting. At that time, incoming CEO Kenta Kon will officially join the Board of Directors, while Koji Sato will step down from his current board seat. Toyota’s leadership change arrived alongside a strong earnings report that defied global trade challenges. The automaker signaled confidence in its financial performance by raising its full-year outlook. Investors cheered the news, sending Toyota shares up 1.4% in Friday trading on the Tokyo Stock Exchange. More on Toyota Motor Toyota: Up Almost 10% With Plenty Of Road Left Ahead Japan's Industrial Push: Why Toyota Could Be A Long-Term Beneficiary Toyota Motor reports Q3 results; updates FY26 outlook Toyota looks to extend its hybrid vehicle domination Toyota recalling more than 160K U.S. vehicles over camera display issue

格隆汇2月6日｜A股三大指数今日小幅下跌，截至收盘，沪指跌0.25%报4065点，深证成指跌0.33%，创业板指跌0.73%。全市场成交额2.16万亿元，较前一交易日缩量308亿元，超2700股上涨。 盘面上，采掘、石油板块走高，通源石油、准油股份等多股涨停；氟化工板块走强，天际股份涨停；锂矿概念、电池板块活跃 ，恩杰股份涨停；珠宝首饰、有机硅及化学原料等板块涨幅居前。另外，酒类股普跌；黄台酒业跌停；商业百货、免税概念下挫，百大集团跌停；旅游概念走低，大连圣亚跌逾8%；Kimi概念、航天航空及首发经济等板块跌幅居前。(格隆汇)

白酒、地产、贵金属、油气 各类特色ETF清单来了>>> A股三大指数今日集体下跌，截至收盘沪指跌0.25%，深成指（399001）跌0.33%，创业板指（399006）跌0.73%，北证50指数涨0.9%，沪深京三市成交额21635亿元，较上日缩量308亿元，三市超2700只个股上涨。 ETF收盘涨跌不一，化工（850102）ETF(159870)领涨2.64%，化工ETF国泰（516220）(516220)涨2.49%，化工ETF天弘(159133)涨2.47%。 标普生物科技ETF嘉实（159502）(159502)领跌3.34%，科创创业人工智能ETF永赢(159141)跌2.43%，科创创业人工智能ETF摩根(588420)跌2.31%。 2月4日，巴斯夫宣布自即日起上调亚太地区(不含中国大陆)TDI价格，涨幅为200美元/吨。近年来海外多地TDI装置因环保标准升级、运行成本高企等因素陆续关停或减产，印度GNFC、韩国韩华等企业装置频繁临停。2026年1月全球TDI装置停车检修总量占全球总产能的24%，海外市场供应缺口持续扩大。 国内TDI产业正进入集中扩张期，龙头企业持续加码布局，推动行业产能规模与技术水平同步提升。其中，全球聚氨酯（884039）龙头企业的福建二期36万吨/年TDI项目已顺利推进，投产后将带动其全球总产能突破140万吨，全球占比有望提升至38%。截至目前，中国TDI总产能已超300万吨，占全球比重超40% 先前《石化化工（850102）行业稳增长工作方案(2025—2026年)》正式出台，核心目标之一便是治理企业低价无序竞争、推动落后产能有序退出，化工（850102）行业积极响应，有机硅（884211）、己内酰胺、PTA聚酯等细分领域率先行动，陆续出台或制定行业指导文件，规范市场竞争秩序。东兴证券研报明确指出，从库存角度看，化工（850102）行业已出现积极变化，去库存周期（883436）结束，已现小幅补库迹象，这一变化十分关键——库存周期（883436）从去库存转向补库，通常意味着需求改善和盈利修复，是行业景气度回升的重要信号。

股指期货午盘收盘全线收低 2026-02-06 15:01:58 来源： 同花顺7x24快讯 分享 文章提及标的 中证500 -- 沪深300 -- 上证50 -- 中证1000 -- 中证1000期指 -- 沪深300期指 -- 股指期货午盘收盘，沪深300（399300）股指期货(IF)主力合约跌0.63%，上证50（1B0016）股指期货(IH)主力合约跌0.80%，中证500（399905）股指期货(IC)主力合约跌0.24%，中证1000（399852）股指期货(IM)主力合约跌0.82%。

文章提及标的 中证500 -- 贵金属 -- 白酒 -- A500ETF华泰柏瑞 -- 500ETF -- A500ETF基金 -- 截至收盘，ETF两市成交额报6102.91亿元，分类型来看，股票型ETF成交额1578亿元，债券型ETF成交额3006.34亿元，货币型ETF成交额381.09亿元，商品型ETF成交额396.88亿元，QDII型ETF成交额474.72亿元。其中，成交额最高的非货币型ETF分别是华夏中证a500ETF（159500）(512050)、a500基金（563360）(563360)、南方中证500ETF（159500）(510500)，成交额分别为149.62亿元、112.79亿元、77.27亿元。 白酒、地产、贵金属、油气 各类特色ETF清单来了>>>

短短几日，浮盈36亿人民币。 2026年2月初，全球白银市场经历了一场惨烈的崩盘。价格在触及120美元/盎司的历史极值后，短短三个交易日暴跌40%。 当无数在高位加杠杆博弈“白银版GameStop”的投机者遭遇系统性强平时，一个长期潜伏在上海期货交易所（SHFE）席位背后的猎人，完成了精准的狙击。 外媒给了他一个充满杀气的绰号： “北京大空头”（Beijing's Big Short）。 他就是中财期货实控人边锡明。 据FT和彭博测算，中财期货席位在近期白银价格崩盘前建立了大规模空头头寸。这笔逆势布局的收益已超过5亿美元（约合36亿元人民币）。 而这并非边锡明的首次出手。据测算，边锡明控制的中财期货席位在三年时间内，通过连续做多黄金、做多铜、反手做空白银，累计实现投资收益近40亿美元（约合280亿人民币）。 在中国金融史上，从来没有一个本土席位能像边锡明一样，如此深刻地介入全球大宗商品的定价中枢。这不仅是一个造富神话，更是一场中国本土实业资本利用“预期差”对全球金融资本进行的降维打击。 尽管 《期货日报》及中财期货官方回应称，“中财期货席位持仓均为代客户持仓汇总，不代表公司自营” ， 但关于边锡明的故事已频繁出现在公众视野中。 5亿美元的“做空”神话 边锡明在交易圈内以定期撰写“自我反思”式博客文章而知名。他在曾一篇博客中写道： “处处是陷阱，也处处是机遇——风险中蕴藏机会，机会里潜伏陷阱。投资的本质，是一场关于生存的游戏。” 2026年1月底，这句话成为了白银市场上最昂贵的注脚。 根据上海期货交易所（SHFE）的数据显示，中财期货席位在1月下旬白银价格加速赶顶时，开始大规模建立空头头寸。截至2月2日，其持有的白银期货空头头寸相当于约484吨， 名义价值在当时超过15亿美元。 这在当时被视为“自杀式”的行为。彼时，受美元信用担忧及亚洲散户投机盘推动，白银年初至今涨幅一度超过24%，市场情绪极度亢奋。 然而，边锡明似乎看穿了繁荣背后的虚弱——这是一场缺乏基本面支撑、纯粹由资金推动的泡沫。 结局来得极快。2月初，白银价格从高位自由落体，短短几天内暴跌至70美元附近。 据外媒测算，尽管中财期货曾在去年11月的试探性做空中遭受损失，但凭借1月底的精准加仓，其在本轮白银暴跌中的净收益已超过5亿美元。 彭博社援引知情人士消息称，中财期货在白银暴跌中“持有空头头寸的信念坚定”，即...

暗盘资金正涌入这些股票，点击速看>>> A股三大指数今日集体下跌，截至收盘沪指跌0.25%，深成指（399001）跌0.33%，创业板指（399006）跌0.73%，北证50指数涨0.9%，沪深京三市成交额21635亿元，较上日缩量308亿元，三市超2700只个股上涨。 板块题材上，油气开采及服务（881107）、化学化工（850102）、中药（562390）、光伏设备（881279）、电网设备（881278）、人形机器人（886069）、有色金属（1B0819）板块涨幅居前；白酒（881273）、旅游及酒店（881160）、零售、文化传媒（881164）、军工装备（881166）、机场航运（881151）板块跌幅居前。 盘面上，受国际化工（850102）巨头巴斯夫产品提价消息提振，化工（850102）板块多数走强，金牛化工（600722）、杉杉股份（600884）等股涨停。光伏设备（881279）板块午后拉升，协鑫集成（002506）涨停，机构测算，仅每年向太空部署100GW算力计划，就可为光伏产业（159863）带来5万亿元的新增市场。中东紧张局势持续，油气资源（563150）股午后同样走强，洲际油气（600759）上演“地天板”。与此同时、中药（562390）、机器人、pcb概念（885959）股同样表现活跃。另一方面，白酒（881273）、零售、旅游等消费（883434）股未能延续昨日涨势回调，皇台酒业（000995）、百大集团（600865）跌停，大连圣亚（600593）、三峡旅游（002627）跟随下跌。 涨停天梯榜： 【4连板】 韩建河山（603616）。 【3连板】 协鑫集成（002506）、凯龙高科（300912）、杭州解百（600814）。 【2连板】 皇庭国际（000056）、神剑股份（002361）、金富科技（003018）、田中精机（300461）、横店影视（603103）。 主力净流入板块： NO.1 【锂电池概念（885710）】获主力资金净流入159.73亿，板块内13股涨停，410股上涨。 NO.2 【新能源汽车（885431）】获主力资金净流入153.85亿，板块内14股涨停，587股上涨。 NO.3 【储能（885921）】获主力资金净流入148.61亿，板块内15股涨停，501股上涨。 热点概览： 今日市场炒什么： 【化学原料...

運輸策略藍圖｜運物局提今年重點工作：加大過海交通流量、落實商業營運自動車、增加泊車位令商用車夜有所泊

Michael Vi/iStock Editorial via Getty Images There's no doubt about one thing: AI is getting better and better. We're now past simple chatbots that can answer our questions with incredible context and handle complex follow-ups: agents can now plug into our everyday workflows and automate many repetitive tasks. That said, I draw the line at the notion that AI agents will be capable of replacing our entire tech stacks. Yes, AI does make it easier to generate everything from images to full applications. But does that mean that IT departments will eliminate all applications in their existing tech stacks and self-design custom apps using AI? Unlikely. BILL Holdings ( BILL ), a software platform for managing small business payments, has amply demonstrated this in its recent Q2 earnings release. Arguably, its SMB customer base is the most vulnerable to switching: smaller businesses have fewer complex and fully integrated systems. Yet BILL delivered a healthy beat and raise, defying both AI fears and a weaker macroeconomy that has disproportionately impacted small and mid-sized businesses. The stock rose more than 10% post-earnings, which only recovers a small slice of a stock that has lost more than 50% of its value over the past year. Data by YCharts I last wrote a "Buy" rating on BILL in November, when the stock was trading in the high $40s. Since then, BILL has delivered meaningful revenue acceleration, which, needless to say, is a massive surprise when consensus seems to think that so many headwinds are working against the company. At the same time, the stock price is lower, making BILL's earnings multiples look even more appealing. I'm reiterating my "Buy" rating here. As a refresher for investors who are newer to BILL, here is what I view as the top bull case drivers for the company: Potential M&A target. Since last November, BILL has attracted speculation on a near-term sale. It makes sense as an acquisition target: it gives a potential acquirer a large embedded fie...

Queer self-discovery drives this powerful coming-of-age debut set in a bohemian 1970s school It might sound like a potentially familiar narrative: a queer coming-of-age story, charted across one single heat-crazed summer in the 70s. From its very first paragraphs, however, this debut novel feels different. Madeleine Dunnigan immediately takes us inside the head of her rather scary protagonist, and makes his adventures in teenage lust and self-awareness as involving as they are immediate. The writing is constantly surprising, as unafraid of sensuality as it is of the story’s repeated eruptions of brutality. We first meet Jean, our eponymous hero, as he is about to take his O-levels. He is sitting them at the unusually late age of 17; later, we will find out that this is because he has a history of violence, and has been excluded from every school he’s ever attended. To the despair of his teachers, Jean seems completely unable to learn. He is also a Jew in a school full of gentiles, the lone child of a single mother, a county-funded scholarship boy whose friendship group is unanimously monied and privileged. This is not, however, the story of a queer outsider battling to find himself in a setting of dreary conformity. Perched high on the Sussex Downs, Jean’s school specialises in colourful nonconformists; known to its pupils as The House of Nutters, its regime mixes high-risk bohemianism with the occasional dash of old-school protocol. Crucially, it is isolated, and its pupils are all male. It is a classic microcosm; a petri dish alive with potentially dangerous experiments in masculinity. Continue reading...

With plans to sell off over a million acres of natural habitat for oil and gas development, the Trump administration is ignoring the dire impact on its fragile ecosystem • Don’t get Down to Earth delivered to your inbox? Sign up here This week, the Trump administration took a key step towards opening new leases for oil and gas drilling across millions of acres in the Arctic National Wildlife Refuge – a pristine and biodiverse expanse in northern Alaska and one of the last wildlands in the US still left untouched. With a call for nominations officially issued on Tuesday, the US Bureau of Land Management began evaluating plots across the 1.5 million-acre Coastal Plain at the heart of the refuge – an area often referred to as the American Serengeti , thanks to its rich tundra ecosystems, which provide habitat for close to 200 species and serve as the traditional homelands of the Iñupiat and Gwichʼin peoples. Flawed economic models mean climate crisis could crash global economy, experts warn Fossil fuel firms may have to pay for climate damage under proposed UN tax The lithium boom: could a disused quarry bring riches to Cornwall? Trump’s Greenland threats open old wounds for Inuit across Arctic ‘Erasure of years of work’: outcry as White House moves to open Arctic reserve to oil and gas drilling Arctic endured year of record heat as climate scientists warn of ‘winter being redefined’ Continue reading...

Jeffrey Epstein wanted his 26-year-old Belarusian girlfriend, Karyna Shuliak, and her friend, Jen, to have a good time in London – and he knew just who to ask. “Karyna – my girlfriend, and Jen, the tall girl who you’ve met will be London Tues and Wed,” the 63-year-old disgraced financier apparently wrote in April 2016 to an aide to the then Prince Andrew. “They have never been there before. If you are around, I’d appreciate any help you can give them.” The email’s recipient was David Stern, the director of Andrew Mountbatten-Windsor’s Pitch@Palace business, whose registered office lay within Buckingham Palace. Stern, a German national who is now 48 and believed to live in the United Arab Emirates, was only too pleased to help. He seemingly emailed Shuliak and suggested they meet at Green Park tube station in central London and then take in the changing of the guard at the palace a short walk away. There would be a further treat, although not one he seemingly wished to explicitly disclose in an email. “You MUST both take picture ID and the dress code is formal so no jeans or sneakers etc (I know its annoying but it’s very strict). I will then take you to lunch.” Epstein, who had been invited himself to the palace in the past, was pleased with the itinerary: “I appreciate what you have planned thnx.” Stern apparently responded: “My pleasure. I am always on your team!!” View image in fullscreen Documents that were included in the US Department of Justice release of files related to Jeffrey Epstein. Photograph: Jon Elswick/AP He was true to his word to the financier and convicted sex offender, according to the latest release of millions of documents from the US Department of Justice. Stern visited Epstein in New York just months before his arrest and suicide in 2019, and resigned from the Pitch@Palace business weeks after receiving the news. Right to the end, Stern was, the documents suggest, Epstein’s man in the palace – seemingly looking for business opportunities, pa...

Flats for sale in England with outside space – in pictures From a Victorian conversion in London to a flat in a Southport townhouse with beaches on the doorstep This two-bedroom flat surrounded by greenery is in a leafy corner of Southwark in London. Photograph: The Modern House

Ruby Hughes / Jonas Nordberg / Mime Yamahiro Brinkmann (BIS) Joined by lutenist Nordberg and Brinkmann’s viola da gamba, the mezzo-soprano’s homage to the Renaissance composer is captivating and persuasive John Dowland died 400 years ago this year, and we’ll be lucky indeed if there are many other tributes as captivating as this one from the mezzo-soprano Ruby Hughes , lutenist Jonas Nordberg and viola da gamba player Mime Yamahiro Brinkmann. The music is by no means all Dowland – in fact, the recording takes its title from a song by Purcell, and one of its most memorable tracks is a spellbinding version of the Corpus Christi Carol as set by Britten – but everything is steeped in the delicious Elizabethan melancholy that Dowland distilled so very effectively. Hughes’s voice retains a natural quality, for all its refinement, which has been skilfully captured – the recording is close enough for her to be able to be soft and confiding, but there’s still a sense of space around the sound. She’s more vocally demonstrative than some, colouring each word individually: when in Dowland’s Flow, My Tears she sings of “fear, and grief, and pain”, we’re left in no doubt that these are three different but equally terrible emotions. And yet she, Nordberg and Brinkmann hold all this in balance, maintaining a persuasive sense of line and focus so that the expressivity registers not as indulgence but as communication. This is just as evident in the music by Dowland’s contemporaries and in Purcell as it is in the four new or recent compositions based on Shakespeare’s song lyrics at the end, by Deborah Pritchard, Errollyn Wallen and Cheryl Frances-Hoad. Continue reading...

Five years after a fire destroyed most of the cathedral, the artist explains how her designs will give the landmark a modern makeover and the ‘contemporary gesture’ Emmanuel Macron promised Claire Tabouret can draw a clear line between before and after Notre Dame. Before she was chosen from more than 100 artists to design six new stained-glass windows for the cathedral – reopened in 2024, five years after it almost burned to the ground – Tabouret had a select group of admirers (one of them the French tycoon and art collector François Pinault), but she was hardly a household name. That has changed – for better and for worse. At the end of last month, the first major solo retrospective of her work opened at the Museum Voorlinden outside The Hague. In Paris, Tabouret’s window designs are on display at the Grand Palais, before being installed at Notre Dame later this year at an estimated cost of €4m (£3.3m). The French president, Emmanuel Macron, and Paris’s archbishop have been enthusiastic in their support, but the plan to integrate a modern artist into a historic landmark has also provoked protests, petitions and claims of cultural and spiritual vandalism. Continue reading...

Pick of the week How to Get to Heaven from Belfast Lisa McGee follows Derry Girls with a comedy drama that is familiar in style but subtly different in form and content. This time, beautifully rendered notes of female friendship are blended with undertones of farce, horror and, in typical McGee style, enough emotional weight to keep the stakes high. It concerns three friends in their late 30s – Saoirse (Roisin Gallagher), Robyn (Sinéad Keenan) and Dara (Caoilfhionn Dunne) – who attend the wake of Greta, the fourth member of their tight but mildly traumatised teenage posse. The reasons for their sense of unresolved injury are eventually revealed as the fate of Greta becomes an itch the trio are forced to scratch. Sweet but sharp. Netflix, from Thursday 12 February Love Story: John F Kennedy Jr & Carolyn Bessette View image in fullscreen Star-crossed … Sarah Pidgeon and Paul Kelly in Love Story: John F Kennedy Jr & Carolyn Bessette. Photograph: FX Another miniseries from Ryan Murphy, telling the story of the whirlwind romance between presidential offspring John F Kennedy Jr (Paul Kelly) and ambitious Calvin Klein “VIP whisperer” Carolyn Bessette (Sarah Pidgeon). When they met, JFK Jr was struggling with the heaviness of his family name and the constant attention attracted by his perpetual singledom. The couple’s relationship played out, in classic 90s style, via the tabloids. It’s a glamorous and tragic story – essential viewing for people already invested in the story but mildly bewildering for everyone else. Disney+, from Friday 13 February The Artful Dodger View image in fullscreen Good fun … Thomas Brodie-Sangster and Maia Mitchell in The Artful Dodger. Photograph: John Platt/Disney After a hiatus (the first season aired in 2023), this rompish Dickensian sequel returns with more light-fingered hijinks in Oz. Jack Dawkins (Thomas Brodie-Sangster), the one-time Artful Dodger, has escaped his criminal youth after being transported to Australia and become a surgeon. H...

Phuchit/iStock via Getty Images While the quality of a business absolutely matters over time, even weaker performers can have their uses, and that’s particularly true in cyclical industries. I don’t think that highly of Kennametal ( KMT ) on quality metrics, as this metalworking and cutting tools manufacturer has never generated attractive free cash flow or ROIC on a consistent basis, but it has been an instrument for participating in the ups and downs of past industrial cycles, and it still can be today. Relative to my last article , Kennametal spent about 18 months at or below the share price at the time of that article before improving results in the second half of calendar 2025, higher tungsten prices, and growing sentiment for a short-cycle recovery drove a spike of greater than 70% in the share price. I won’t rule out some further upside from a general industrial recovery in 2026 and beyond, but the low-hanging fruit is already off the tree. I could see these shares trading back into the $40s on a more sustained recovery and maybe even challenging the all-time high in the low-$50s if reshoring adds another kicker to demand, but I caution investors not to fall into the trap of thinking that it’ll be different this time and that Kennametal won’t eventually see yet another cyclical downcycle. Stronger FQ2 Results – Restocking, Or Real Growth? Kennametal logged its second quarter in a row of better-than-expected results and organic growth, with the latter spiking to an unexpected 10% on stronger demand. Management likewise raised guidance by a meaningful amount for the remainder of the fiscal year. Revenue rose 10% in organic terms, beating by about 1%, with 9% growth in Metal Cutting (a 3% beat) and 11% growth in Infrastructure (a 3% miss). Higher tungsten prices helped, and management also noted that customers bought in ahead of price increases. Underlying core volume was close to flat, though still an improvement over the slight contraction in the first quarter...

Socialist Spanish Mayor Vowed To Block Migrant Minor Arrivals... Then Quickly Reversed Amid Political Pressure Authored by Thomas Brooke via Remix news, The Socialist mayor of Cartes in northern Spain has reversed her opposition to hosting unaccompanied migrant minors after attempting to block their arrival, issuing a public apology following pressure from her party leadership. Lorena Cueto, mayor of the Cantabrian town of around 6,000 residents, initially described the relocation of migrant minors to her municipality as “a punishment” and issued an emergency municipal order seeking to halt the reception of 18 foreign minors transferred under Spain’s national redistribution system. The move sparked protests in the town and drew sharp criticism from both the regional government and figures within Cueto’s own Socialist party, who accused her of creating public alarm and obstructing a legally mandated relocation. The conflict began when the Cantabrian regional government, led by the center-right People’s Party (PP), proceeded with plans to open a reception center in Cartes to relocate minors. Ironically, the move was only in compliance with the mandate issued by Prime Minister Pedro Sánchez’s government, the same Spanish Socialist Workers’ Party (PSOE) of which Cueto is affiliated. According to Canarias7 , two minors arrived at the center earlier this week, with further arrivals scheduled in subsequent days. Cueto responded by signing a municipal order invoking alleged urban planning deficiencies at the facility and demanding an immediate halt to the arrivals. The order reportedly threatened to seal the building and cut water and electricity supplies if the minors were accommodated. Cantabria’s Minister of Social Inclusion, Begoña Gómez del Río, rejected the mayor’s claims, stating the facility had passed inspections and possessed the necessary licenses to operate. She accused the mayor of attempting to obstruct the process and inflaming tensions in the town. “The mayo...