Gargolas/iStock via Getty Images The Trump administration said Wednesday it has canceled a $1.8B loan guarantee to Pinnacle West's ( PNW ) Arizona utility subsidiary to deploy clean energy, among ~$30B in financing through the Department of Energy's Loan Programs Office that was nixed following a review of Biden-era deals. The conditional loan guarantee to Arizona Public Service Company was earmar...
Gargolas/iStock via Getty Images The Trump administration said Wednesday it has canceled a $1.8B loan guarantee to Pinnacle West's ( PNW ) Arizona utility subsidiary to deploy clean energy, among ~$30B in financing through the Department of Energy's Loan Programs Office that was nixed following a review of Biden-era deals. The conditional loan guarantee to Arizona Public Service Company was earmarked for the deployment of renewable energy sources, electric transmission lines, and the construction of a battery energy storage project tied to an existing solar site; the financing was granted by the Biden administration in January 2025 but never finalized. Other canceled projects on a list provided by the DoE were previously disclosed, including a $3B loan guarantee to solar developer Sunnova Energy ( NOVAQ ) and a $2B loan commitment to electric vehicle battery part maker Redwood Materials. Additional cancellations are coming but cannot be publicly disclosed until finalized, the DoE said. More on Pinnacle West Capital Electric Utilities And Pinnacle West In A Popping AI Bubble Pinnacle West Capital: Buy-The-Dip Opportunity For Dividends And Growth Pinnacle West Capital Q3 2025 Earnings Call Presentation
Earnings Call Insights: Danaher Corporation (DHR) Q4 2025 Management View Rainer Blair, President, CEO & Director, reported "a strong finish to the year with better-than-expected performance across the portfolio" and highlighted "continued strength in our bioprocessing business, along with improving momentum in Diagnostics and Life Sciences." Blair also stated, "Our teams' disciplined execution al...
Earnings Call Insights: Danaher Corporation (DHR) Q4 2025 Management View Rainer Blair, President, CEO & Director, reported "a strong finish to the year with better-than-expected performance across the portfolio" and highlighted "continued strength in our bioprocessing business, along with improving momentum in Diagnostics and Life Sciences." Blair also stated, "Our teams' disciplined execution also enabled us to exceed our fourth quarter margin, earnings and cash flow expectations." Blair noted that "sales were $24.6 billion, and core revenue increased 2%. Our adjusted operating profit margin was 28.2% and adjusted diluted net earnings per common share of $7.80 were up 4.5%. We also generated $5.3 billion of free cash flow, resulting in a free cash flow to net income conversion ratio of approximately 145%." Blair emphasized the impact of innovation, mentioning that "Cytiva launched more than 20 new products across the biologic's workflow," and highlighted significant product launches in Life Sciences and Diagnostics, including the ZenoTOF 8600 and Beckman Coulter's expanded DxI 9000 assay menu. Blair announced, "Sales were $6.8 billion in the fourth quarter, and we delivered 2.5% core revenue growth." He further detailed, "Geographically, core revenues in developed markets increased low single digits, with North America essentially flat and Western Europe up mid-single digits." Blair provided an outlook for bioprocessing: "given the sustained and substantial activity levels at our customers over the last year, we anticipate high single-digit core revenue growth in bioprocessing for the full year 2026." Matt McGrew, CFO & Executive VP, stated, "Our fourth quarter adjusted gross profit margin of 58.2% and our adjusted operating profit margin of 28.3% were both down 130 basis points as the impact of cost savings initiatives more than offset the positive impact of volume leverage. Adjusted diluted net earnings per common share of $2.23 were up 4% year-over-year, and we...
Earnings Call Insights: Orrstown Financial Services, Inc. (ORRF) Q4 2025 Management View President, CEO & Director Thomas Quinn highlighted that Orrstown achieved its highest reported annual net income in the company's 106-year history, with net income of $80.9 million or $4.18 per diluted share for the year. He stated, "We demonstrated our ability to maintain net interest margin near top of peers...
Earnings Call Insights: Orrstown Financial Services, Inc. (ORRF) Q4 2025 Management View President, CEO & Director Thomas Quinn highlighted that Orrstown achieved its highest reported annual net income in the company's 106-year history, with net income of $80.9 million or $4.18 per diluted share for the year. He stated, "We demonstrated our ability to maintain net interest margin near top of peers, enhanced fee income and created efficiencies, all while maintaining our focus on leading with risk." Quinn emphasized ongoing investments in talent and a strong loan pipeline as key strategies for future growth. Senior EVP & COO Adam Metz reported fourth quarter net income of $21.5 million or $1.11 per diluted share and underlined, "Noninterest income as a percentage of operating revenue was 22% in the fourth quarter, that's the third consecutive quarter where this ratio exceeded 20%." Metz also introduced Matt Alpert as the new Chief Wealth Officer, assigned to expand the wealth management business and attract additional talent. Executive VP, CFO & Head of Investor Relations Neelesh Kalani noted, "Net interest margin was 4.00% in the fourth quarter, down from 4.11% in the third quarter... The Fed rate cuts in September and October resulted in reduced interest income on our variable rate loans." Kalani added, "Capital ratios increased across the board quarter-to-quarter. We remain well capitalized by all measures." Outlook CFO Kalani projected a net interest margin in the range of 3.90% to 4% for 2026, reflecting anticipated ongoing margin compression but expected stabilization. He explained, "If there were no rate cuts in 2026, the margin, I do expect, would come in a little higher." Noninterest income is projected at a quarterly run rate of $13 million to $14 million for 2026. Kalani expressed confidence in maintaining or exceeding analyst consensus, stating, "We remain confident that we can either exceed current analyst consensus." Loan growth for 2026 is targeted at 5...
This article first appeared on GuruFocus. Amazon.com Inc. (NASDAQ:AMZN) employees anticipating another round of job cuts were jolted late Tuesday after an internal email from senior vice president Colleen Aubrey surfaced earlier than intended, briefly scheduling a meeting titled Project Dawn. The message, later canceled, referenced impacted colleagues across the US, Canada and Costa Rica, and poin...
This article first appeared on GuruFocus. Amazon.com Inc. (NASDAQ:AMZN) employees anticipating another round of job cuts were jolted late Tuesday after an internal email from senior vice president Colleen Aubrey surfaced earlier than intended, briefly scheduling a meeting titled Project Dawn. The message, later canceled, referenced impacted colleagues across the US, Canada and Costa Rica, and pointed to a separate note from human resources chief Beth Galetti that does not appear to have been sent. The premature circulation of the email injected fresh uncertainty into an organization already braced for further restructuring. The episode spread quickly across internal message boards and external forums such as Reddit, where employees have been closely parsing any signals around potential layoffs. In her email, Aubrey acknowledged the strain such changes can create, saying the decisions were difficult and framed around positioning Amazon and AWS for future success. Amazon did not immediately respond to requests for comment, leaving employees and observers without clarity on whether the communication reflected an imminent action or an internal misfire. The confusion arrives against the backdrop of a significant workforce reduction in October, when Amazon eliminated 14,000 corporate roles and sharply reduced its video games division. At that time, the company signaled that additional cuts could be possible in 2026 as it searched for further layers to remove. For investors, the re-emergence of internal restructuring chatter could suggest that cost discipline remains an ongoing focus, even as the timing and scale of any next steps remain uncertain.
China’s largest automaker, BYD Company Limited BYDDY and Exxon Mobil Corporation’s XOM entity in China, ExxonMobil China Investment Co., Ltd., have agreed to strengthen their cooperation in new-energy hybrid technology. The two companies signed a new strategic memorandum of understanding (MoU) on Jan. 26, 2026. The MoU reflects a continuation of a long-term partnership between BYD and ExxonMobil, ...
China’s largest automaker, BYD Company Limited BYDDY and Exxon Mobil Corporation’s XOM entity in China, ExxonMobil China Investment Co., Ltd., have agreed to strengthen their cooperation in new-energy hybrid technology. The two companies signed a new strategic memorandum of understanding (MoU) on Jan. 26, 2026. The MoU reflects a continuation of a long-term partnership between BYD and ExxonMobil, highlighting joint research and development, technical collaboration and the transformation of research outcomes into real-world applications. Both companies plan to work on industry standards and brand-level cooperation related to hybrid technologies, highlighting a broader strategic alignment beyond individual products. Previously, BYD and ExxonMobil jointly developed a customized engine oil specifically designed for plug-in hybrid electric vehicles (PHEV). The product was created to meet the unique operating conditions of these vehicles, including frequent engine starts, short driving distances and low-temperature operation. This new agreement builds on that foundation and expands the scope of collaboration. Supply chain support is another key component of the partnership. ExxonMobil will leverage its global production network, logistics capabilities and supply chain expertise to deliver compliant lubricant products to BYD’s overseas production facilities on time. This support aims to strengthen BYD’s ability to respond more quickly and reliably to global market trends. In addition to supply chain support, the partnership will also focus on new material innovations, making vehicles more sustainable. This demonstrates the partnership’s shared goal of improving hybrid technology while supporting energy efficiency and environmental responsibility. While financial terms, investment figures and product launch timelines have not been disclosed, the agreement signals BYD and ExxonMobil’s commitment to promoting cleaner and more efficient hybrid vehicles worldwide. Overall, BYD ...
As the first month of 2026 comes to an end this week and earnings season accelerates, b elow is a list of the top U.S. communication services stocks, above $10B market cap, ranked by their one-month price performance percentage. The list includes companies from various industries within the sector, including alternative carriers, cable and satellite, interactive media and services, publishing, and...
As the first month of 2026 comes to an end this week and earnings season accelerates, b elow is a list of the top U.S. communication services stocks, above $10B market cap, ranked by their one-month price performance percentage. The list includes companies from various industries within the sector, including alternative carriers, cable and satellite, interactive media and services, publishing, and movies and entertainment. enot-poloskun/E+ via Getty Images The list is topped by AST SpaceMobile ( ASTS ), with an impressive 54.75% one-month performance. EchoStar Corporation ( SATS ) follows in second place with a 19.14% gain, while Alphabet ( GOOGL ) ranks third with gains of 6.71%. All top stocks on this list currently hold a Hold Quant Rating. Here is the list: AST SpaceMobile ( ASTS ), 1 month performance percentage: 54.75% EchoStar ( SATS ), 1 month performance percentage: 19.14% Alphabet ( GOOGL ), 1 month performance percentage: 6.71% The New York Times ( NYT ), 1 month performance percentage: 3.79% News Corporation ( NWS ), 1 month performance percentage: 3.25% Meta Platforms ( META ), 1 month performance percentage: 1.46% Warner Music Group ( WMG ), 1 month performance percentage: 1.04% Live Nation Entertainment ( LYV ), 1 month performance percentage: 0.68% Communication Services ETFs: ( XLC ), ( VOX ), ( IYZ ), ( RSPC ), and ( XTL ). More on communication services stocks AST SpaceMobile: The Story Is Exploding, But Don't Chase The Breakout Yet AST SpaceMobile's Reality Check AST SpaceMobile: No Match For Starlink What do bettors expect to hear on Meta's earnings call? Oppenheimer sees strong start to earnings season as it favors growth sectors
Key Points TotalEnergies is a major French integrated oil company. The stock currently offers investors a lofty 5.6% dividend yield. Its business is diversified and is used to operating in tough markets. 10 stocks we like better than TotalEnergies Se › TotalEnergies (NYSE: TTE) is a proven survivor in the oil patch. It is also an innovator that has started to include electricity production in its ...
Key Points TotalEnergies is a major French integrated oil company. The stock currently offers investors a lofty 5.6% dividend yield. Its business is diversified and is used to operating in tough markets. 10 stocks we like better than TotalEnergies Se › TotalEnergies (NYSE: TTE) is a proven survivor in the oil patch. It is also an innovator that has started to include electricity production in its energy portfolio. The current geopolitical tension in Venezuela and elsewhere could cause some disruption to the energy market, but it won't stop me from continuing to buy TotalEnergies' stock. Energy prices have always been volatile While some theorists claim that Wall Street is efficient, the truth is that it can be highly emotional over short periods. That's been highlighted recently with the events in Venezuela, which have investors worried about what might happen to the oil market. However, oil market-moving events aren't actually uncommon, despite the dramatic nature of the current happenings. Oil is a highly volatile commodity, not just some of the time, but all of the time. 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 » This is one of the reasons why most investors looking at the energy sector should probably stick with the largest and most diversified companies. That basically means integrated oil giants like ExxonMobil, Chevron, Shell, BP, and TotalEnergies. For me, TotalEnergies stands out from the pack. Why TotalEnergies is still my pick Like its peers, TotalEnergies has exposure across the entire energy value chain, which helps smooth the effect of commodity price volatility. However, it has also been investing in electricity, further diversifying the mix. BP and Shell made similar commitments, but they have both walked back their earlier goals. BP and Shell cut their dividends to accommodate the lofty clean energy plans they later abandoned. TotalEnergies made the same clea...
Retirees on Medicare will soon be unable to access this incredibly popular service. If you're a retiree who is currently receiving traditional Medicare, you need to be aware that a major change is coming in less than one week. Starting on Jan. 31, 2026, a service that many seniors depend on -- and that Medicare has covered for years -- will have new restrictions. Those restrictions are so limiting...
Retirees on Medicare will soon be unable to access this incredibly popular service. If you're a retiree who is currently receiving traditional Medicare, you need to be aware that a major change is coming in less than one week. Starting on Jan. 31, 2026, a service that many seniors depend on -- and that Medicare has covered for years -- will have new restrictions. Those restrictions are so limiting that most seniors will no longer be able to get coverage for the service at all. Here's what you need to know about the Medicare changes that you have less than one week to prepare for. This is the major coverage change Starting on Jan. 31, Medicare is going to impose major restrictions on coverage for telehealth services. Here's what's happening: Since March 6, 2020, waivers were in effect that permitted Medicare recipients to get telehealth services covered. These services could be provided by doctors, nurse practitioners, clinical psychologists, and licensed social workers and could take place in a retiree's home or in a variety of other environments, according to the Centers for Medicare and Medicaid Services (CMS). The telehealth waivers will remain in effect through Jan. 30, 2026, allowing Medicare coverage for telehealth services anywhere within the United States and its territories, according to CMS. Beginning on Jan. 31, telehealth services will no longer be broadly covered. Instead, coverage will be available only in extremely limited circumstances. The new restrictions are so severe that the vast majority of Medicare beneficiaries will have no further coverage for telehealth. With the American Medical Association reporting that a plurality of senior patients said their telehealth visits were "the same or better than a traditional visit," and since satisfaction was high even among seniors 75 and up who are less familiar with the technology, this is a major and disappointing change. What new restrictions are in place for telehealth services under Medicare? Accordi...
Date: January 28, 2026 Introduction As of early 2026, Tesla, Inc. (NASDAQ: TSLA) has officially transitioned from being viewed primarily as an automotive manufacturer to being evaluated as a diversified artificial intelligence (AI) and robotics powerhouse. This shift occurs at a critical juncture: while Tesla's core vehicle delivery numbers saw their second consecutive year of contraction in 2025,...
Date: January 28, 2026 Introduction As of early 2026, Tesla, Inc. (NASDAQ: TSLA) has officially transitioned from being viewed primarily as an automotive manufacturer to being evaluated as a diversified artificial intelligence (AI) and robotics powerhouse. This shift occurs at a critical juncture: while Tesla's core vehicle delivery numbers saw their second consecutive year of contraction in 2025, the company’s valuation remains tethered to a "master plan" that now includes a deep, symbiotic relationship with X (formerly Twitter). The recent introduction of a bold, high-stakes creator payout plan on X has sent ripples through the Tesla investor community, signaling a new era of decentralized marketing and brand management that bridges the gap between Musk’s social media platform and his trillion-dollar ambitions for autonomy and robotics. Historical Background Founded in 2003 with the mission to accelerate the world's transition to sustainable energy, Tesla’s history is defined by its ability to survive "production hell" and disrupt entrenched industries. From the launch of the original Roadster to the mass-market success of the Model 3 and Model Y, the company redefined the electric vehicle (EV) as a desirable, high-tech product rather than a niche alternative. The most transformative period in its history, however, began in late 2022 with Elon Musk's acquisition of X. This move initially raised concerns about "key man risk" and split attention. By 2025, the narrative shifted as Musk began integrating the engineering talent and data streams of his various ventures—Tesla, X, SpaceX, and xAI—into a unified "Musk Ecosystem." The 2026 launch of the "Year of the Creator" on X represents the latest milestone in this convergence, aiming to turn social media influence into a direct driver for Tesla’s AI products. Business Model Tesla’s business model is a multi-pronged engine: Automotive: Designing and manufacturing EVs. While still the primary revenue driver, it now faces...
Boarding1Now Southwest Airlines ( LUV ) is set to announce fourth-quarter earnings on Thursday, and investors will watch out for demand trends and updates from the airline about its capacity as well as strategic changes, including international partnerships, fleet monetization, and rationalized CapEx. Wall Street expects the Dallas-headquartered company to post an EPS of $0.57, implying a 1.8% inc...
Boarding1Now Southwest Airlines ( LUV ) is set to announce fourth-quarter earnings on Thursday, and investors will watch out for demand trends and updates from the airline about its capacity as well as strategic changes, including international partnerships, fleet monetization, and rationalized CapEx. Wall Street expects the Dallas-headquartered company to post an EPS of $0.57, implying a 1.8% increase year-over-year, while revenue is expected to rise 8.8% to $7.51B for the quarter. The airline’s CEO Robert Jordan, during the Q3 earnings call, said he expects to deliver more than $1B of incremental EBIT from assigned extra legroom seating in 2026 and hit a full run rate of approximately $1.5B in 2027. Earlier this month, JPMorgan upgraded Southwest Airlines to Overweight from Underweight, with a price target of $60. JPMorgan analyst Jamie Baker said that the airline’s core business is starting to stabilize and believes its initiatives (bag fees and seat assignments) are progressing as planned, as evidenced by management reiterating incremental EBIT targets throughout 2025, despite the demand headwinds in the industry. Seeking Alpha’s Quant rating system also considers it a Buy . The company’s stock has gained over 31% in the last one year, compared to a 16% rise in the broader S&P 500 Index. However, Wall Street analysts and Seeking Alpha analysts remain cautious, rating the stock a Hold . “Management expects modest capacity growth, incremental EBIT from assigned seating, and potential fuel price relief in 2026. However, Southwest Airlines remains expensive despite anticipated profitability improvements and upcoming Q4 results,” highlighted Seeking Alpha analyst Gytis Zizys, rating it a Hold. Over the last two years, LUV has beaten EPS estimates 75% of the time and has beaten revenue estimates 63% of the time. Over the last three months, EPS estimates have seen two upward revisions versus 12 downward revisions, while revenue estimates have seen two upward revisions,...
Apparel on display at Shein’s headquarters. Photo: VCG Shein defended its business model before the French Senate last week, arguing it provides affordable fashion for underserved consumers and supports local retail through a hybrid approach. Executives rejected claims that the fast-fashion giant harms traditional retail, saying the platform simply responds to shifting consumer demand. During a 90...
Apparel on display at Shein’s headquarters. Photo: VCG Shein defended its business model before the French Senate last week, arguing it provides affordable fashion for underserved consumers and supports local retail through a hybrid approach. Executives rejected claims that the fast-fashion giant harms traditional retail, saying the platform simply responds to shifting consumer demand. During a 90-minute hearing on Jan. 21, senators pressed Shein on the “de-commercialization” of France’s city centers — a term increasingly used to describe how digital platforms offering inexpensive imported goods are hollowing out brick-and-mortar retail. The hearing followed the company’s controversial debut at Paris’s historic BHV Marais department store in November 2025, a move that triggered protests from local officials, residents and industry figures.
As of January 28, 2026, the global semiconductor landscape has shifted from a story of cyclical recovery to one of structural AI-driven expansion. Micron Technology, Inc. (NASDAQ: MU) finds itself at the epicenter of this transformation. In early trading this morning, Micron shares saw a notable 2.3% pre-market gain, a move triggered by fresh industry data points confirming that the "AI Supercycle...
As of January 28, 2026, the global semiconductor landscape has shifted from a story of cyclical recovery to one of structural AI-driven expansion. Micron Technology, Inc. (NASDAQ: MU) finds itself at the epicenter of this transformation. In early trading this morning, Micron shares saw a notable 2.3% pre-market gain, a move triggered by fresh industry data points confirming that the "AI Supercycle" is entering its second, more intensive phase. Investors are reacting to a combination of factors: an update from key customer Nvidia regarding the upcoming "Vera Rubin" GPU architecture and reports that Micron’s High Bandwidth Memory (HBM) yields for its next-generation HBM4 modules have exceeded internal targets. This momentum reinforces Micron’s newly cemented status as a premium AI infrastructure play, moving the stock well beyond its historical reputation as a commodity-sensitive memory manufacturer. Historical Background Founded in 1978 in the unlikely location of a Boise, Idaho, dental office basement, Micron Technology began its journey as a four-person semiconductor design firm. Its early history was defined by a brutal fight for survival during the memory price wars of the 1980s and 1990s. While dozens of American memory makers folded under pressure from Japanese and Korean competitors, Micron survived through a relentless focus on cost-cutting and manufacturing efficiency. Key milestones include the 1998 acquisition of Texas Instruments’ memory business and the 2013 acquisition of Elpida Memory, which consolidated the DRAM market into a global triopoly consisting of Micron, Samsung, and SK Hynix. In 2017, the appointment of Sanjay Mehrotra—co-founder of SanDisk—marked a pivotal shift. Mehrotra pivoted the company away from sheer volume toward high-value, high-margin solutions, a strategy that arguably saved the company during the post-pandemic supply chain crisis and positioned it to lead in the AI era. Business Model Micron operates through four primary busines...
One reason why art – painting, literature, film, theatre, all of it – is so important to society is that it creates spaces that can tolerate difficult answers to difficult questions. This makes art the opposite of politics, where politicians are under constant pressure to give easy answers to difficult questions. I was thinking about this distinction this month while watching the European film awa...
One reason why art – painting, literature, film, theatre, all of it – is so important to society is that it creates spaces that can tolerate difficult answers to difficult questions. This makes art the opposite of politics, where politicians are under constant pressure to give easy answers to difficult questions. I was thinking about this distinction this month while watching the European film awards, this continent’s answer to the Oscars, which has moved its annual ceremony to January this year as it seeks to position itself as a major tastemaker for grownup cinema. One of the most gratifying wins of the night was the best documentary prize for Fiume o Morte! by the Croatian director Igor Bezinović – an Act of Killing-style re-enactment of the 1919 conquest of the Adriatic city of what is now Rijeka by a rag-tag army assembled by the proto-fascist dandy-poet Gabriele D’Annunzio. It was precisely the kind of quirky cinematic gem that the European film awards should be there to champion: a film ignored by the main festivals, about an overlooked but relevant episode in history. In his acceptance speech, Bezinović thanked the non-professional actors he’d recruited in his home town of Rijeka. But since the awards ceremony was held in Berlin, he also drew attention to the fact that, last month, 55,000 students in 90 cities had taken to the streets to protest “against the militarisation of Germany and against conscription”. Bezinović said he hoped “that these protests will inspire students all over Europe”. These words were met with frenetic applause, which is understandable. Pacifism is at the core of modern European identity: we are a crowded-together collective of similar-but-different nation states, who have managed to not be at each other’s throats for an unprecedented period of time precisely because we extricated ourselves from intense militarisation. View image in fullscreen ‘Not so much “pro-military” but “pro-soldier”’ … the Bafta-nominated documentary 2000 Mete...