Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." President Trump taps Kevin Warsh to lead the Fed, a choice viewed as more hawkish than other contenders. A busy week for earnings season wraps up with a bullish forecast from Apple and strong results from Big Oil. Gold and silver suffer their biggest slide in years as wild swings rock the commodit...
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." President Trump taps Kevin Warsh to lead the Fed, a choice viewed as more hawkish than other contenders. A busy week for earnings season wraps up with a bullish forecast from Apple and strong results from Big Oil. Gold and silver suffer their biggest slide in years as wild swings rock the commodities market. Plus, Starbucks CEO Brian Niccol discusses what's fueling growth at the coffee giant. (Source: Bloomberg)
Galeanu Mihai/iStock via Getty Images By Bryan Cutsinger Labor markets are stabilizing and inflation has leveled off. Further easing would’ve risked recent progress toward price stability. The Federal Reserve held its target range for the federal funds rate constant in January 2026 at 3.5–3.75 percent. This decision was consistent with market expectations for the path of the federal funds rate, wh...
Galeanu Mihai/iStock via Getty Images By Bryan Cutsinger Labor markets are stabilizing and inflation has leveled off. Further easing would’ve risked recent progress toward price stability. The Federal Reserve held its target range for the federal funds rate constant in January 2026 at 3.5–3.75 percent. This decision was consistent with market expectations for the path of the federal funds rate, which for weeks had indicated that the Fed would hold rates steady at its January meeting. It is also consistent with rates prescribed by leading monetary policy rules. Notably, Governors Stephen Miran and Christopher Waller dissented from the decision, with both favoring a 25-basis point cut. At the post-meeting press conference , Powell pointed to elevated inflation and a stabilizing labor market to explain the Fed’s decision to hold rates steady. He said Fed officials now “see the current stance of monetary policy as appropriate to promote progress” toward both sides of the dual mandate. Previously, Fed officials had expressed concern about the tensions facing the Fed’s dual mandate amid a softening labor market. Powell said that available data show “economic activity has been expanding at a solid pace,” driven primarily by consumer spending and business fixed investment. He acknowledged the lingering effects of last fall’s prolonged government shutdown but suggested that any drag on activity in the third and fourth quarters of last year will likely be reversed in the first quarter of 2026. After softening for much of last year, labor market conditions now appear to be stabilizing, Powell explained. He pointed to relatively low and stable unemployment in recent months as evidence that the labor market may be at or near maximum employment. Echoing past statements, Powell acknowledged that the slowing pace of job growth likely reflects changes in both labor supply and labor demand. He said other indicators — such as job openings, layoffs, hiring, and nominal wage growth — “s...
The World Trade Organization has faulted the United States in a dispute brought by China over US green energy subsidies introduced under former US president Joe Biden, according to a ruling issued on Friday. The global trade body’s dispute panel said that large tax credits granted under Biden’s landmark climate law, the Inflation Reduction Act (IRA), were “inconsistent” with several WTO agreements...
The World Trade Organization has faulted the United States in a dispute brought by China over US green energy subsidies introduced under former US president Joe Biden, according to a ruling issued on Friday. The global trade body’s dispute panel said that large tax credits granted under Biden’s landmark climate law, the Inflation Reduction Act (IRA), were “inconsistent” with several WTO agreements and should be withdrawn. That law, which was signed by Biden in 2022, was the largest climate investment in US history, but it has been dramatically eroded since President Donald Trump came to power last year. Advertisement China launched the WTO dispute in March 2024, accusing Washington of unfair competition over its support to companies in the energy transition sector and to electric cars manufactured on US soil. The WTO agreed in September that year to set up a panel of experts to examine the case, which focused on US investment tax credits (ITCs) and production tax credits (PTCs) for renewable energy projects, as well as electric vehicle subsidies. 01:28 US Senate passes bill that would be country’s single-largest investment in fighting climate change US Senate passes bill that would be country’s single-largest investment in fighting climate change The United States insisted at the time that the act was a tool to address the climate crisis and “invest in US economic competitiveness”.
hapabapa/iStock Editorial via Getty Images Uber ( UBER ) is reporting its Q4 and full fiscal year release next week and the release is expected with some mixed feelings. After a strong start of 2025, investors' enthusiasm was curbed after the Q3 release when in spite of the better-than-expected top and bottom-line figures, Uber's Q4 guidance came somewhat below expectations. As a result, the stock...
hapabapa/iStock Editorial via Getty Images Uber ( UBER ) is reporting its Q4 and full fiscal year release next week and the release is expected with some mixed feelings. After a strong start of 2025, investors' enthusiasm was curbed after the Q3 release when in spite of the better-than-expected top and bottom-line figures, Uber's Q4 guidance came somewhat below expectations. As a result, the stock has fallen by almost 20% since its all-time highs in the early October of last year and is once again trading at a cash flow multiple of below 20. Data by YCharts This recent trend has taken some pressure off from the upcoming report as UBER's valuation multiples have contracted significantly over a very short period of time. This is a scenario that I warned about in early 2025 when I rated the stock as a Buy: (...) investors should be mindful of short-term fluctuations in sentiment which could significantly reduce returns in the short and medium term. Source: Seeking Alpha Now that the full fiscal year report is upon us, it is important to distinguish between such short-term fluctuations due to changes in sentiment and other trend-setting events stemming from actual business performance. That is why the Q4 release could either create an even more attractive buy opportunity for those who are willing to wait or give investors a major warning sign about Uber's business model. By The Numbers Uber's last quarter has shown us once again that profitability remains in the spotlight as revenue growth remains robust and investors are growing uneasy about the company's ability to achieve high and sustainable operating profitability. GAAP Earnings Per Share ( EPS ) figures are also not particularly informative for investors due to the large other income items , which contain various, tax items, unrealized gains, revaluations and gains on divestitures. During the last report, for example, Uber's GAAP net income figure included $4.9bn one-off deferred tax item. Net income for the quart...
Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Solos Technology Limited has filed a patent infringement lawsuit against Meta Platforms, Oakley, and EssilorLuxottica over smart glasses technology. The complaint targets multimodal sensing and contextual assistance patents that...
Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Solos Technology Limited has filed a patent infringement lawsuit against Meta Platforms, Oakley, and EssilorLuxottica over smart glasses technology. The complaint targets multimodal sensing and contextual assistance patents that Solos claims sit at the core of Meta's smart glasses products and ecosystem. The case raises material legal and business risks for Meta's wearables efforts, including potential financial exposure and potential limits on future product launches. For investors watching Meta Platforms, NasdaqGS:META, this lawsuit comes as the company is leaning more heavily into wearables alongside its core social and advertising businesses. The stock currently trades at $738.31, with a 3 year return that is very large and a 5 year return of 179.0%. Wearables have been one part of that broader platform story, which makes any legal overhang around smart glasses important to track. Key questions include how disruptive any potential injunctions, licensing requirements, or settlement costs could be to Meta's smart glasses roadmap. If the dispute affects Meta's ability to support third party products or scale its ecosystem, you may need to reassess how much of the current value you attribute to wearables relative to its established businesses. Stay updated on the most important news stories for Meta Platforms by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Meta Platforms. NasdaqGS:META 1-Year Stock Price Chart Is Meta Platforms financially strong enough to weather the next crisis? Quick Assessment ⚖️ Price vs Analyst Target : Meta trades at US$738.31 versus a consensus target of US$845.56, roughly 15% below where analysts currently sit. ✅ Simply Wall St Valuation : Simply Wall St flags the shares as trading about 30.2% below its est...
Key Points High bandwidth memory chips sell for four times the price of standard DRAM, and Micron is going all-in on this AI-driven product category. Micron plays a supporting role in Nvidia's AI dominance. The memory market is cyclical, but this upswing looks different for real. 10 stocks we like better than Micron Technology › Two years ago, Micron Technology (NASDAQ: MU) looked like an overly v...
Key Points High bandwidth memory chips sell for four times the price of standard DRAM, and Micron is going all-in on this AI-driven product category. Micron plays a supporting role in Nvidia's AI dominance. The memory market is cyclical, but this upswing looks different for real. 10 stocks we like better than Micron Technology › Two years ago, Micron Technology (NASDAQ: MU) looked like an overly volatile stock with fairly average long-term returns. Through a series of lofty peaks and deep valleys, the memory-chip maker's chart couldn't quite keep up with the S&P 500 (SNPINDEX: ^GSPC) market index from January 2004 to the same month of 2024. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » MU Total Return Level data by YCharts With an average annual return of 9.1% over this span, Micron trailed the S&P 500's 9.7%. The artificial intelligence (AI) boom had been going on for about a year but didn't really include memory chips yet. Chip supply was not a problem and unit prices were down more than 50% from the summer of 2021. As a result, Micron's revenues were down and the company used more cash than it earned. MU Revenue (TTM) data by YCharts AI data centers are gobbling up memory chips Things have changed. The memory market tightened up in 2025, as hyperscale AI specialists started building massive data centers to power their large language models (LLMs), generative AI tools, and other memory-hungry services. The price of last-generation DDR4 memory modules is up 37% over the last two years. More modern DDR5 modules roughly tripled in price over the same period. And that's not even the good stuff anymore -- the bleeding-edge chip type known as high bandwidth memory (HBM) is exactly what AI servers crave. These chips cost roughly 4 times as much as standard DRAM products, and Micron has stopped making consumer-grade chips to focus its production lines on this lucrative product categor...
is editor-at-large and Vergecast co-host with over a decade of experience covering consumer tech. Previously, at Protocol, The Wall Street Journal, and Wired. Posts from this author will be added to your daily email digest and your homepage feed. What responsibility do you have to speak up about bad things happening in the world? Does that responsibility change when speaking up might affect your b...
is editor-at-large and Vergecast co-host with over a decade of experience covering consumer tech. Previously, at Protocol, The Wall Street Journal, and Wired. Posts from this author will be added to your daily email digest and your homepage feed. What responsibility do you have to speak up about bad things happening in the world? Does that responsibility change when speaking up might affect your business? What about if you’re a sports creator, or the moderator of a deeply NSFW subreddit? What about if you’re just a little ol’ phone website? Ultimately, everyone has to make those decisions for themselves. But decisions have consequences. Verge subscribers, don’t forget you get exclusive access to ad-free Vergecast wherever you get your podcasts. Head here. Not a subscriber? You can sign up here. On this episode of The Vergecast, David and Nilay start by talking about The Verge’s coverage of Alex Pretti’s killing and the ICE occupation of Minneapolis. Yes, there are plenty of tech angles to the story, but also: at some point, you build a big platform so that you can use it when the time comes. And to us, like so many others, this felt like the time. Then the hosts turn to Apple CEO Tim Cook, who last weekend attended a screening of the Melania documentary at the White House. Cook’s actions, and a photo he took with director Brett Ratner, inspired a lot of backlash over the last few days. So we ask: how much are we allowed to be mad at Cook, or any of the other CEOs capitulating to the Trump administration? And how has this changed the way Cook will be remembered? After that, it’s time for some gadget news. The hosts discuss the outrageous price for Samsung’s outrageous foldable, and wonder what it means that Samsung didn’t ship review units ahead of the Z Trifold’s launch. (Let’s just say it does not inspire confidence.) There’s also some news about Google’s Aluminium OS, an update on Moltbot — which has already changed its name again since we recorded — and more. Fin...
hapabapa/iStock Editorial via Getty Images The Nasdaq Investment Thesis Nasdaq, Inc. ( NDAQ ) flies under the radar somewhat, despite the fact that the company has achieved a 10Y total return of almost 500% , leaving many other companies far behind. But these companies, which receive less attention, are often good long-term investments. The newest quarterly and annual results show that Nasdaq is s...
hapabapa/iStock Editorial via Getty Images The Nasdaq Investment Thesis Nasdaq, Inc. ( NDAQ ) flies under the radar somewhat, despite the fact that the company has achieved a 10Y total return of almost 500% , leaving many other companies far behind. But these companies, which receive less attention, are often good long-term investments. The newest quarterly and annual results show that Nasdaq is still doing well and has once again exceeded the expectations of the analysts. So from a business perspective, I can only see positive points for Nasdaq. The only drawback is that the multiple is not yet in the undervalued range but rather fairly valued. What Was My Previous Coverage Like I wrote my last Nasdaq article in October 2025 after the third-quarter results. The main point of the article was that the balance sheet , or the leverage ratio, had recovered more quickly than expected. The reduction of the leverage ratio to 3.1x was completed one year ahead of schedule, which demonstrated the strong capital allocation of the Nasdaq management team in my opinion. Actually, after the Adenza deal, it was planned to come under 3.3x within 36 months. So the Nasdaq team overdelivered. Overall, I thought Nasdaq was fairly valued at the time with a P/E multiple of 34x. So now I want to check whether this has changed after the FY25 and Q4 25 results. Nasdaq's Q4 Results Nasdaq has once again exceeded the expectations of analysts, as the company achieved a double beat in terms of both revenue and EPS. Nasdaq Investor Presentation Nasdaq's market services segment increased its operating margin to 64% in FY25, up from 59% previously. This indicates efficiency gains, especially since revenues increased by 17% in the same period. Nasdaq Investor Presentation The financial technology department on the other hand has seen a decline in operating margin, falling from 47% to 46%. But as revenues have increased by 11% annually and operating income by 12%, I don't consider the margin compress...
Mexico’s president, Claudia Sheinbaum, has warned that Donald Trump’s move to slap new tariffs on countries sending oil to Cuba could trigger a humanitarian crisis on the island, which is already suffering from chronic fuel shortages and regular blackouts. The US president signed an executive order on Thursday declaring a national emergency and laying the groundwork for such tariffs, ratcheting up...
Mexico’s president, Claudia Sheinbaum, has warned that Donald Trump’s move to slap new tariffs on countries sending oil to Cuba could trigger a humanitarian crisis on the island, which is already suffering from chronic fuel shortages and regular blackouts. The US president signed an executive order on Thursday declaring a national emergency and laying the groundwork for such tariffs, ratcheting up the pressure to topple the communist government in Havana. A White House statement cited the Cuban government’s alleged ties to Russia, Hamas and Hezbollah to explain the new tariffs. While the statement did not name Mexico, Sheinbaum’s government has been the top supplier of oil to the island since 2025, surpassing Russia and Venezuela. Sheinbaum said on Friday that her government would seek more information about the tariffs from the US state department, while looking for alternative ways provide humanitarian aid to the Cuban people. “We will seek a way, without putting Mexico at risk, of course, but always seeking solidarity with the Cuban people,” she told reporters. The new tariff policy comes as Cuba struggles with increasingly severe blackouts. Sheinbaum said the tariffs could “directly affect hospitals, food supplies and other basic services for the Cuban people”. Cuba’s president, Miguel Díaz-Canel Bermúdez, said in a post on X that Trump sought to “suffocate” the island’s economy and that the tariffs revealed the “fascist, criminal, and genocidal nature of a clique that has hijacked the interests of the American people for purely personal gain”. View image in fullscreen Claudia Sheinbaum speaks in Mexico City on 29 January 2026. Photograph: Carlos Santiago/Eyepix Group/Shutterstock Cuba’s situation has become even more precarious since the US captured and transported Nicolás Maduro, a key ally of the government in Havana, from Venezuela at the start of the year. A week later, Trump wrote in a Truth Social post: “THERE WILL BE NO MORE OIL OR MONEY GOING TO CUBA – ...
‘How many grandparents can say they get to hold their grandchild every day?’ In Atlanta, Carolyn Martinez, 65, lives in a household spanning four generations – and a lifelong friendship. Her 90-year-old mother, who has lived with her for more than 40 years due to various disabilities, shares the house with Martinez, 65, her adult daughter, aged 25 and her granddaughter, aged three months. “My mum ...
‘How many grandparents can say they get to hold their grandchild every day?’ In Atlanta, Carolyn Martinez, 65, lives in a household spanning four generations – and a lifelong friendship. Her 90-year-old mother, who has lived with her for more than 40 years due to various disabilities, shares the house with Martinez, 65, her adult daughter, aged 25 and her granddaughter, aged three months. “My mum has lived with me literally all my adult life,” she says. “She just wasn’t able to live by herself.” The household also includes Martinez’s best friend of more than three decades, who originally moved in “for a few months” after a divorce. That was 25 years ago. “I could not have raised my daughter as a single mother without her,” Martinez says. When her friend, now aged 79, was diagnosed with breast cancer a few years after moving in, the arrangement became permanent. “There was no point in her leaving,” she says. “By then she was an integral part of our household.” Her friend is now “Tía” (auntie in Spanish) to her children and grandchildren, a role Martinez says reflects how deeply friendship can function as family. Earlier this year, Martinez’s daughter moved back home when she became pregnant, adding another generation to the household. “How many grandparents can say they get to hold their grandchild every day?” she says. “It’s a blessing.” While the house can be busy and hectic, it’s also “a lot of fun” and Martinez says having multiple adults around makes life easier emotionally and practically. “There’s always someone to say: are you OK? Is there something you need?” she says. “You don’t have that if you live alone.” Martinez has always lived this way and can’t imagine doing otherwise. “It can be harder work – or maybe just different work,” she says, particularly when living with friends rather than relatives. But she believes the benefits outweigh the challenges. “It keeps me young and it keeps me connected,” she says. “Living like this keeps us all on a more even ...
There's a way to avoid that unwanted fate. Your net worth may not be something you think about very often. But if your goal is to retire securely, it's important to work on growing not just your 401(k) or IRA balance, but your net worth. A 2022 Aspen Institute report found that about 13 million Americans, or 10.4% of U.S. households, had a negative net worth. Clearly, these statistics are a bit da...
There's a way to avoid that unwanted fate. Your net worth may not be something you think about very often. But if your goal is to retire securely, it's important to work on growing not just your 401(k) or IRA balance, but your net worth. A 2022 Aspen Institute report found that about 13 million Americans, or 10.4% of U.S. households, had a negative net worth. Clearly, these statistics are a bit dated, but they're based on an analysis of Federal Reserve data that only comes out every few years. If you want to avoid ending up with a negative worth, there's a simple thing to do. High levels of debt could wreck your finances Your net worth is measured as your total assets minus your debts. If you have a $200,000 balance in your 401(k) plan and own a home worth $600,000, you have $800,000 in assets. If you also owe $500,000 on your mortgage, that gets subtracted to give you a net worth of $300,000. The problem, though, is that some Americans end up with a negative net worth by taking on too much debt. And often, people take on debt with the assumption that they'll pay it off eventually. But sometimes, "eventually" ends up being never. Meanwhile, people with high levels of debt lose lots of money to interest through the years -- money that could go toward retirement savings or other goals instead. Borrow carefully and aim to keep your debt to a minimum It's not necessarily possible to avoid debt completely. If you want to own a home, you'll probably need a mortgage to finance one. And you may need to finance vehicle purchases through the years, too. The key, therefore, is to try to minimize your debt as much as you can. That means: Not buying a home at the very top of your price range Choosing modest vehicles and skipping some of the add-on features that force you to borrow more Avoiding credit card balances as much as possible Shopping carefully for personal loans so you're able to lock in lower interest rates The latter is important, because credit cards are notorious f...
Key Points Multiple Social Security changes went into effect in the new year. One change will have a big effect on those making between $176,100 and $184,500. The $23,760 Social Security bonus most retirees completely overlook › Social Security changes over time, including in 2026. With the new year underway, it's worth looking at a big shift in Social Security taxes that affects anyone who earns ...
Key Points Multiple Social Security changes went into effect in the new year. One change will have a big effect on those making between $176,100 and $184,500. The $23,760 Social Security bonus most retirees completely overlook › Social Security changes over time, including in 2026. With the new year underway, it's worth looking at a big shift in Social Security taxes that affects anyone who earns less than $184,500 annually. Here's the big change that happened and how it affects workers. 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 » This Social Security change affects you if your income is under $184,500 The change that affects most current workers has to do with the wage base limit. That's the annual limit that caps how much income is subject to Social Security tax. In 2025, the wage base limit was $176,100. So anyone with an income under that amount paid Social Security tax on their entire salary at a rate of 6.2%, with their employer covering another 6.2%. Self-employed workers paid the full 12.4%. In 2026, the wage base limit is increasing to $184,500. This means that Social Security taxes will now be charged on income up to this amount, so those who earn between $176,100 and $184,500 will now pay tax on as much as $8,400 in extra income. How does this change affect you? The change to the wage base limit primarily affects people who earn more than $176,100 annually. Individuals who have income above this limit will face a direct and immediate effect, since it means that they'll pay more taxes on their income. However, anyone who earns below this amount will also be affected. That's because they'll get further away from the maximum Social Security benefit. Those who earn less than the wage base limit will not be on track to get the largest Social Security check possible -- and they'll be further off track in 2026 than they were in 2025, when...
Dispiriting, deadly and unrevealing – there is a decent documentary to be made about the former model from Slovenia, but this one is unredeemable • One adult for the 9.40am in Sittingbourne: a front row seat for Melania’s ominous UK opening • Eggs, hats and unfettered ambition: what we learned about Melania Trump from her documentary My audience with Melania is booked for Friday lunchtime at a ret...
Dispiriting, deadly and unrevealing – there is a decent documentary to be made about the former model from Slovenia, but this one is unredeemable • One adult for the 9.40am in Sittingbourne: a front row seat for Melania’s ominous UK opening • Eggs, hats and unfettered ambition: what we learned about Melania Trump from her documentary My audience with Melania is booked for Friday lunchtime at a retail park on the outskirts of Bristol, inside a large cinema which appears to have been swept and emptied in readiness. When Brett Ratner’s contentious, Amazon-backed documentary previewed at the White House last weekend, the guestlist included Mike Tyson, Queen Rania of Jordan and the president himself. Today it’s just me in the room and Melania on the screen. It makes for a more intimate and exclusive affair. This mood of cosy conviviality extends all the way through the opening credits; at which point the chill descends and the novocaine kicks in, as the film’s star and executive producer proceeds to guide us – with agonising glacial slowness – through the preparations for her husband’s second presidential inauguration. She glides from the fashion fitting to the table setting, and from the “candlelit dinner” to the “starlight ball”, with a face like a fist and a voice of sheet metal. “Candlelight and black tie and my creative vision,” she says, as though listing the ingredients in a cauldron. “As first lady, children will always remain my priority,” she coos, and you can almost picture her coaxing them into her little gingerbread house. Continue reading...