In this article DASH UBER BKNG AXP Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 14:48 14:48 Why OpenTable, Resy and DoorDash are fighting for your reservation Digital Original Now available on your favorite food delivery app: restaurant reservations. The still-simmering reservation wars of the last decade could fully reignite this year, as a shifting tech landscape pits some of the biggest players against each other to capture businesses and users alike. Reservation incumbents, delivery app newcomers and premium credit card partnerships are all ramping up the fight for a shrinking pool of diners. Delivery giant DoorDash announced in June its $1.2 billion acquisition of SevenRooms, a reservation platform focused on direct bookings through a restaurant's own website. Several months earlier, UberEats and Booking Holdings' OpenTable announced a partnership to integrate reservations on Uber's app. And in 2024, American Express , already the owner of Resy, bought Tock, a reservation platform focused on upscale restaurants, for $400 million. "It's three very large, very ambitious, very well-resourced companies all vying for the same exact piece of real estate, which is high-demand restaurants," Resy and Eater founder Ben Leventhal told CNBC. Leventhal still acts as an advisor to Resy, which was bought by AmEx in 2019, although today he focuses on Blackbird Labs, a loyalty program for independent restaurants that he founded in 2022. Bringing restaurants online The reservation wars initially kicked off more than 10 years ago. Leventhal's Resy burst onto the scene in 2014 and won market share, undercutting OpenTable's legacy business, by charging eateries a simple monthly fee. At the time, OpenTable, which was founded in 1998, charged restaurants both a monthly fee and a cover for each diner who booked through the platform. These days, the company still sometimes charges a variable cover fee for seated diners, depending on the establishment. Thomas Barwick ...

Prospective buyers arrive during an open house at a home in Seattle, Washington, US, on Sunday, Jan. 18, 2026. David Ryder | Bloomberg | Getty Images Mortgage rates dropped sharply last week, and while that helped to prolong gains in refinancing, homebuyer demand seemed unimpressed. Total mortgage application volume was essentially flat, rising just 0.4% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $832,750 or less, decreased to 6.09% from 6.17%, with points decreasing to 0.53 from 0.56, including the origination fee, for loans with a 20% down payment. That was the lowest level since September 2022. Applications to refinance a home loan increased 4% last week from the week before and were 150% higher than the same week one year ago, when rates were 79 basis points higher. Refinancing has been on a bit of a tear lately, as rates drop. While the comparisons to a year ago are quite large, it is important to take into account that refinancing was quite low at this time last year. Applications for a mortgage to purchase a home dropped 5% for the week and were 12% higher year-over-year. While lower mortgage rates are improving affordability, home prices are still slightly higher than they were at this time last year and economic uncertainty is weighing heavily on consumers. Get Property Play directly to your inbox CNBC's Property Play with Diana Olick covers new and evolving opportunities for the real estate investor, delivered weekly to your inbox. Subscribe here to get access today . Redfin cited this uncertainty in a report showing that nearly 40,000 home-sale agreements nationwide were canceled in January, equal to 13.7% of homes that went under contract. That's up from 13.1% a year ago and the highest January share in records dating back to 2017. Borrowers are also sought more savings in adjustable-rate mort...

Geron Q4 and Full Year 2025 Financial Results and Recent Business Highlights

Photronics Reports First Quarter Fiscal 2026 Results

NEW YORK, Feb. 25, 2026 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced RFA Financial Inc. (TSX: RFA; OTCQX: RFAFF), a Canadian financial services company, has qualified to trade on the OTCQX® Best Market.

Immunocore reports fourth quarter and full year 2025 financial results and provides a business update

Fourth Quarter 2025 Overview (all comparisons are made to the corresponding prior year fourth quarter unless otherwise specified) :

NEW YORK, Feb. 25, 2026 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (NASDAQ: ODD) today announced its financial results for the fourth quarter and full year ended December 31, 2025.

Strategic Initiatives and Refined Business Model Produced Financial and Operating Efficiencies

Boyd Group Services Inc. (TSX: BYD) will release its fiscal 2025 fourth quarter and year-end results on March 18, 2026, before markets open. Following the release, Management of the Company will hold a conference call at 10:00 a.m. ET to review the financial results. The call will be hosted by Brian Kaner, President and Chief Executive Officer; and Jeff Murray, Executive Vice President and Chief Financial Officer. All interested parties are invited to participate.

Brampton, Ontario--(Newsfile Corp. - February 25, 2026) - DATA Communications Management Corp. (TSX: DCM) (OTCQX: DCMDF) ("DCM" or the "Company"), a leading Canadian provider of print and digital solutions that help simplify complex marketing communications and workflow, will announce its Fourth Quarter and Fiscal 2025 results the evening of Wednesday, March 11, 2026.The Company will host a conference call and webcast on Thursday, March 12, 2026 at 9:00 a.m. EST. Richard Kellam, President and...

Yuji Sakai/DigitalVision via Getty Images Introduction Lumentum Holdings Inc. ( LITE ) is an American leader in the design of advanced optical and photonic products and a premium supplier of high-performance lasers used in AI data center interconnects. As AI clusters scale and optical complexity rises, Lumentum has become deeply embedded in the ecosystem, empowering Nvidia's next-generation networking platforms. Lumentum has been on a huge run and is up 73% year to date, but I believe the best is yet to come as the market is underestimating Lumentum's competitive advantage and the importance of optical connectivity. As data centers transition from electrical to optical architectures at unprecedented scale, I believe Lumentum's laser portfolio positions it as a clear winner; thus, I am bullish on LITE. Revenue Segments Lumentum focuses primarily on cloud and networking, as well as industrial technology. The major growth driver is Lumentum's cloud and networking segment, which is comprised of high-performance lasers, optical components, and modules used in AI data center infrastructure. This segment benefits from rising optical content per AI rack as network speeds move from 400G to 1.6T and beyond, increasing both laser complexity and deployment cost. Unlike legacy telecom optical demand, which used to be cyclical, AI networking demand is correlated to AI cluster scaling and traffic growth within data centers. Training clusters require massive bandwidth between GPUs and switches, and as cluster size grows, the number of optical links increases massively. This increases the laser count per rack and expands Lumentum's revenue accordingly. The industrial tech portion of Lumentum's business is broken down into lasers used in advanced manufacturing, 3D sensing, and precision applications. While this segment adds value to the business by diversifying revenue, it is more cyclical and not exposed to the major structural AI-driven tailwinds. Because of this, my focus and exci...

FREDERICA ABAN/iStock via Getty Images The Multi Cap Equity Fund's Institutional Class returned -1.48% for the fourth quarter of 2025, compared to +2.39% for the Bloomberg U.S. 3000 Index. For the calendar year, the Fund returned +3.22%, compared to +17.21% for the benchmark. Notable 4Q Contributors The fourth quarter marked a disappointing end to what felt like a year of missed opportunities. The quarter's standout performer was once again Google parent Alphabet, as the latest release of its Gemini AI surpassed expectations. While relative standing among frontier models remains fluid, several industry benchmarks showed Gemini's performance moved to the front of the pack. Our life sciences holdings, led by Danaher ( DHR ), were positive contributors after a difficult start to the year. Perimeter Solutions ( PRM ) capped a strong 2025 by signing a new contract for its firefighting solutions and services with the U.S. Forest Service. The agreement has a longer duration, expands Perimeter's portfolio of services, and introduces a new pricing structure intended to reduce earnings and cash flow volatility tied to the severity of individual fire seasons. Accenture ( ACN ) and IDEX ( IEX ) also had strong quarters, each posting nearly double-digit gains. Notable 4Q Detractors Heightened competition in the broadband and telecom industry continues to weigh on our investments in this space, including Liberty Broadband ( LBRDA ) and Charter Communications ( CHTR ). As described below, as Charter's capital investment cycle begins to ease, we believe investors will better appreciate the company's cash flow characteristics. CoStar Group ( CSGP ) is another portfolio company undertaking a long-term investment program as it seeks to build Homes.com into a leading residential real estate platform. Results from its legacy commercial real estate information business remain strong, and the outlook for Apartments.com also appears favorable. However, investors have grown wary of the scal...

US mortgage rates slipped last week to the lowest level since 2022, generating more refinancing activity. The contract rate on a 30-year mortgage dropped 8 basis points to 6.09% in the week ended Feb. 20, according to Mortgage Bankers Association data released Wednesday. The rate on five-year adjustable mortgages fell to 5.23%, also the lowest since September 2022. An index of refinancing activity climbed more than 4% to the second-highest level in five months. Refinancing has increased in all but two weeks this year, based on MBA data. However, the near quarter-point decline in mortgage rates this year has yet to inspire buyers, illustrating a housing market still struggling to gather momentum. The MBA’s measure of applications for home purchases declined 4.7% last week to the lowest level since April. At the end of 2025, new-home sales perked up , helped in part by builder incentives. The resale market also finished the year strong , offering hope the real estate market was starting to stir after years of malaise. But that’s only one part of the equation, with home prices still near record highs. Still, mortgage rates that are hovering just above 6% have the potential of attracting buyers with the approaching spring selling season. President Donald Trump last month asked Fannie Mae and Freddie Mac to purchase $200 billion of mortgage-backed securities in an effort to drive down home financing costs. The MBA survey, which has been conducted weekly since 1990, uses responses from mortgage bankers, commercial banks and thrifts. The data cover more than 75% of all retail residential mortgage applications in the US.

Deep value investor Lee Roach is looking at beaten-down software stocks for the first time ever.

Starwood Property Trust press release ( STWD ): Q4 DEPS of $0.42 beats by $0.01 . Revenue of $492.95M (+8.5% Y/Y) beats by $16.8M . More on Starwood Property Trust AGNC Vs. Starwood Property: Why The 12.7% Yield Giant Is My Top Buy For The 2026 Easing Cycle Starwood Property Trust: Time To Buy This $6B Mortgage REIT As Portfolio Grows Learn From The Leaders: How David Alton Clark Analyzes Dividend Stocks Using Seeking Alpha Starwood Property Trust Q4 2025 Earnings Preview J.P. Morgan's top income stock picks for 2026

2月25日下午，国家主席习近平在北京钓鱼台国宾馆会见来华进行正式访问的德国总理默茨。习近平指出，“不出十五都是年”。你在中国人过年期间访华，就像是亲朋好友串门，充分体现了中德关系的密切和高水平。世界越是变乱交织，中德两国越要加强战略沟通、增进战略互信，以中德关系的稳定性和活力为中欧关系谋合作，为动荡世界谋大同。默茨说：“主席先生，非常感谢您的热情致辞与诚挚邀请。能作为马年伊始您接待的首位政府首脑，我亦深表荣幸。在此谨向您个人、贵国政府以及中国人民致以新春的美好祝愿。中国数千年来一直是经验丰富的国际贸易大国，过去数十年德中两国有着良好的合作，也始终保持着良好的双边关系，我愿延续这样的良好势头。”(央视新闻)

保龄宝公告，实际控制人戴斯聪控制的松径投资及一致行动人2号投资计划自2024年10月8日至2026年2月25日通过集中竞价累计增持公司股份1856.64万股，占公司现有总股本4.88%，耗资人民币1.9亿元，持股比例由15.00%升至17.20%，已触及多次1%刻度，增持计划实施完成。

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Spotify . Getty Images Good morning! Here's the latest in trending: State of the Union: President Trump touted his economic record, tariffs and stock market highs, and unveiled a new 401(k) initiative . Better deal? Warner Bros. Discovery ( WBD ) said Paramount's ( PSKY ) sweetened offer may lead to a superior proposal to Netflix's ( NFLX ) deal. AI safeguards: Anthropic ( ANTHRO ) softened its AI safety policy to stay competitive. Separately, Defense Secretary Hegseth gives an ultimatum . What to expect It's that time again - Nvidia ( NVDA ) is set to report its Q4 results after market closes today. Analyst expectations for the AI darling are running high, and its earnings report will likely drive market momentum for the rest of the week. But the market's focus has shifted from simple 'beats' to the long-term sustainability of AI capital expenditures, according to OANDA Group. Word on the Street: Analysts on average expect Nvidia to report Q4 profit of $1.54 per share on revenue of $66.12B, up 68.1% Y/Y. Notably, the company has beaten top and bottom line estimates 100% of the time over the last two years. OANDA's Zain Vawda said analysts have set an aggressive bar for Nvidia, and good may no longer be good enough. "Investors should look past the headline EPS and focus on the Blackwell delivery schedule and gross margin stability," Vawda said. "These factors will determine if Nvidia can revive the 'AI trade' or if the market will continue to rotate into value-oriented sectors. Commentary regarding China remains a wildcard." BNP Paribas expects a "classic beat/raise" for the quarter, but "not expecting to learn much incrementally to move the stock" as Nvidia will likely reserve any market-moving news for its GTC conference in March. GF Securities expects Nvidia to have a "moderate" beat-and-raise quarter, while Oppenheimer projected a "typical" reven...

TELUS Corporation ( TU ) Wednesday said that effective April 1, 2026, and as previously communicated, TELUS will step down its discount on shares issued from treasury to 1.75 percent from the average market price for shares acquired through the reinvestment of dividends. These changes will apply to the dividends payable on April 1, 2026, to shareholders of record on March 11, 2026. Shares acquired with optional cash payments will be issued from treasury at 100 percent of the average market price. More on TELUS Corporation With A High Yield And Mounting Pressures, TELUS' CEO Switch Raises Big Questions For Investors TELUS Corporation (T:CA) Q4 2025 Earnings Call Transcript TELUS Corporation 2025 Q4 - Results - Earnings Call Presentation TELUS gets TSX approval for C$500M share buyback TELUS announces pricing of US$1.5B and CAD$800M junior subordinated notes offerings

STORY: From fears of AI-fueled unemployment, to Big Tech's record investment, this is AI Weekly. :: AI Weekly Fears of AI-fueled mass unemployment have unsettled global markets. That’s after a now-viral report on the disruptive potential of AI envisioned 2028 unemployment rising to 10.2%. It said as AI continues to rapidly turf out software and delivery applications it could prompt many layoffs. The markets have bet huge on the technology… And investors have now dumped the shares of software companies and those in sectors vulnerable to automation. AMD said Tuesday it’s agreed to sell up to $60 billion of AI chips to Meta over 5 years. It’s a deal that’ll allow the Facebook owner to purchase as much as 10% of the chip firm. It’s AMD’s second mega chip supply deal, having signed a similar pact with OpenAI last year. The move was considered a vote of confidence in AMD’s chips and software, significantly boosting its stock price. After the latest deal announcement, shares rose around 9% in pre-market trading. Three Chinese AI companies used chatbot Claude to improve their own models, its creator Anthropic said. It accused DeepSeek, Moonshot and MiniMax of creating more than 16 million interactions with Claude using roughly 24,000 fake accounts. Anthropic called this process “distillation” - which involves training a less capable model on the outputs of a stronger one. Anthropic warned that illicitly distilled models lacked necessary safeguards and created national security risks. The Trump administration plans to use a Pentagon-created AI program to help set reference prices for critical minerals. That’s according to three sources who spoke to Reuters. They said Washington will focus the AI pricing model on at least four critical minerals as it aims to build a global metals trading zone. That’s even as the AI technology has faced skepticism over whether it can retool how critical minerals are bought and sold. U.S. tech giants are expected to collectively invest $650 bil...

DKosig Boston Beer ( SAM ) slipped in early Wednesday trading following the release of the company's fourth-quarter earnings report. The Q4 results showed continued volume pressure but improving profitability metrics. Revenue declined 4.1% year over year to $385.7M, reflecting a 6% drop in depletions and 7.5% lower shipments as Twisted Tea, Truly, and Samuel Adams weakened, partially offset by growth in Sun Cruiser, Angry Orchard, and Dogfish Head. The company posted a net loss of $2.12 per share, narrowing from the prior year as gross margin expanded 360 basis points to 43.5% on better procurement, brewery efficiencies, pricing, and mix. Following the earnings release, Morgan Stanley stuck with its Equal-weight rating on Boston Beer. Analyst Eric Serotta warned structural topline pressure from the alcohol industry, portfolio headwinds, and continued reinvestment are more than offsetting the solid gross margin progress displayed. Evercore ISI analyst Robert Ottenstein said despite improving trends for Boston Beer ( SAM ) since December, the firm is keeping its In Line rating on the beer stock in place. "While shares are trading at ~21x, well below its 10-year avg. NTM P/E at ~31x, we remain cautious due topressured trends for Twisted Tea, underlying hard seltzer category weakness, higher complexity, and the need for larger innovation to move the needle," he highlighted. Otternsein noted that there are reasons to be optimistic, such as continued tailwinds from the Sun Cruiser roll-out; the wide range of possible outcomes leaves Evercore cautious. Shares of Boston Beer ( SAM ) were down 1.2% in premarket trading. More on Boston Beer The Boston Beer Company, Inc. (SAM) Q4 2025 Earnings Call Transcript Boston Beer: A Debt-Free Craft And Beyond Beer Leader Priced At A Deep Discount Wall Street Lunch: Craft Beers Enter 2026 On Choppy Waters Boston Beer outlines 2026 EPS target of $8.50–$11 amid margin gains and Sun Cruiser expansion Boston Beer GAAP EPS of -$2.12 beats by...

格隆汇2月25日｜据伊朗塔斯尼姆通讯社，伊朗武装部队总参谋长穆萨维24日警告说，若遭受侵略，伊朗将让侵略者付出惨重代价。

~ Provides 2026 Revenue Outlook ~

(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, Canadian food retailer Loblaw Cos. Ltd. (L.TO) initiated its adjusted earnings per share growth guidance for the full-year 2026.

Italian giants were well beaten by side who dazzled despite Norway’s domestic season not starting until next month There was a moment after the final whistle at San Siro on Tuesday night when the head coaches, Bodø/Glimt’s Kjetil Knutsen and Inter’s Cristian Chivu, stood chatting, seemingly discussing some tactical element of the game that had just finished. Chivu appeared genuinely interested in what Knutsen had to say, smiling politely, but above all he looked utterly bemused. What the hell had just happened? His Inter team, top of Serie A by 10 points and undefeated in the league since 23 November, had not only lost the home leg of their Champions League playoff against the Norwegian side but been well beaten: 2-1 on the night and 5-2 on aggregate. Continue reading...

《科创板日报》2月25日讯 2月25日盘后， 恒玄科技 披露2025年业绩快报。 去年全年，公司预计实现营业收入35.25亿元，同比增长8.02%；归母净利润5.88亿元，同比增长27.75%， 营收及归母净利润均创下上市以来历史新高 。 不过单看第四季度，恒玄科技归母净利润8667万元， 同比减少近五成，环比下降56% 。 2025年， 公司多款可穿戴芯片顺利流片并量产上市 ，丰富了公司产品矩阵，例如可穿戴旗舰芯片BES2800系列在耳机、手表、智能眼镜及众多智能硬件市场广泛落地。 在业绩快报中，恒玄科技将2025年称为“机遇与挑战并存的一年”。一方面，端侧AI快速发展，智能硬件市场的新机遇不断涌现，公司开拓了智能眼镜、无线麦克风、智能录音助手等新的智能硬件市场，并在国内智能眼镜市场份额领先；另一方面， 国内外环境变化、存储价格上涨等因素令 消费电子 的市场需求随之波动，传统的淡旺季节奏被打乱 ，公司通过供应链调整和更前瞻性的备货安排应对外部环境的变化。 公开资料显示，恒玄旗舰芯片已实现独家供应Meta Ray-Ban系列，也获小米、创维、理想等品牌的 AI眼镜 采用。 随着AI热潮持续演绎，各类 AI应用 也不断涌现，不过应用落地仍离不开端侧硬件支撑，其快速发展也持续抬升端侧硬件需求，例如豆包手机、Openclaw带火的Mac Mini均是端侧AI终端落地的标志性案例。 AI端侧中，AI眼镜仍是被多方看好的一个方向。东吴证券指出，AI眼镜仍是当下尚未被证伪的优质端侧场景，无论是作为手机衍生产品，还是探索替代手机的产业方向，均在持续寻求最优解决方案。这些尚未完全定型的终端AI新场景，均为国产IoT芯片带来重要发展机遇。 招商证券认为，在可穿戴设备中，相较手表、耳机、项链等，眼镜受众群体最广泛、AI交互最自然，在产业链近眼全彩显示、电池续航提升、空间计算能力进步推动下，AI+AR眼镜或有望成为下一代移动智能终端设备，即将迎来iPhone时刻。

格隆汇2月25日｜嘉美包装(002969.SZ)发布股票交易异常波动暨风险提示性公告称，公司已分别于2026年1月7日、1月26日进行停牌核查，于2026年1月12日、2月2日公告核查结果并复牌。如未来公司股票价格进一步异常上涨，公司可能再次向深圳证券交易所申请停牌核查。经查询，深圳证券交易所（以下简称“深交所”）官网发布的监管动态显示，公司股票已于近期被交易所重点监控，部分投资者在交易公司股票过程中存在影响股票交易正常秩序的异常交易行为，深交所依规对相关投资者采取了暂停交易等自律监管措施。敬请广大投资者理性投资，注意投资风险。苏州逐越鸿智科技发展合伙企业（有限合伙）（以下简称“逐越鸿智”）关联企业魔法原子机器人科技（无锡）有限公司（以下简称“魔法原子”）现有资本化路径与上市公司无关。魔法原子主要从事具身智能机器人相关业务，正在筹划独立资本运作，相关资本运作计划将完全独立于上市公司，不存在以任何形式注入上市公司的计划。敬请广大投资者理性投资，注意投资风险。

Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Holdings Lessened by Magellan Asset Management Ltd MarketBeat