juvaida khatun/iStock via Getty Images Market Review Heading into 2026, the macro backdrop reflects a measured balance. Equity performance was broadly positive across developed and emerging markets. Cooling inflation across major economies, resilient economic growth and improving visibility on corporate earnings supported investor confidence, despite ongoing geopolitical and policy uncertainty. Ri...
juvaida khatun/iStock via Getty Images Market Review Heading into 2026, the macro backdrop reflects a measured balance. Equity performance was broadly positive across developed and emerging markets. Cooling inflation across major economies, resilient economic growth and improving visibility on corporate earnings supported investor confidence, despite ongoing geopolitical and policy uncertainty. Risk sentiment was further boosted by selective central bank easing and year-end portfolio rebalancing, underpinning gains across global equities. The S&P 500® Index increased by 2.66% for the quarter. Within the index, eight of the 11 Global Industry Classification Standard (GICS) equity sectors finished in positive territory, led by health care and communication services. Value stocks outperformed growth stocks. Among other major equity benchmarks, the MSCI EAFE Index, a measure of developed markets excluding the US and Canada, increased by 4.86%, while the MSCI Emerging Markets Index increased by 4.73%. In the US, equities generally advanced during the fourth quarter. The Dow Jones Industrial Average® increased by 4.03%, while the NASDAQ 100 Index® increased by 2.47%. US fixed-income markets also posted gains. Markets proved resilient amid elevated uncertainty driven by a prolonged federal government shutdown and ongoing geopolitical tensions in the Middle East. Inflation, as measured by the headline consumer-price index, eased gradually from 3.0% year-over-year in September to 2.7% year-over-year in November. Labor market data, while disrupted and delayed, pointed to slowing momentum rather than a sharp deterioration. Economic growth remained firm, with third-quarter gross domestic product (GDP) rising at a solid 4.3% annualized, supported by consumer spending and government outlays despite softer retail sales and business investment. Against this backdrop, the Federal Reserve cut rates by 25 basis points (bps) early in the quarter, while maintaining a cautious tone and r...
Key Points Where you put your retirement savings affects how much money you'll end up with. Retirement accounts vary in terms of contribution limits, taxation, and when they allow you to withdraw the money. Make sure you understand the rules for each retirement account you use. The $23,760 Social Security bonus most retirees completely overlook › From the time I first entered the workforce, I unde...
Key Points Where you put your retirement savings affects how much money you'll end up with. Retirement accounts vary in terms of contribution limits, taxation, and when they allow you to withdraw the money. Make sure you understand the rules for each retirement account you use. The $23,760 Social Security bonus most retirees completely overlook › From the time I first entered the workforce, I understood how important it was to save for retirement. I opened my first retirement account at 20 and began making regular contributions soon after. While I'm glad I got that early start, I still made my share of mistakes with retirement savings. There's one thing in particular I wish I'd understood a lot sooner. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Where you put your savings is critical There's a reason there are so many types of retirement accounts: Each has its unique pros and cons. Understanding these is key to choosing the right accounts for your savings. For example, if you qualify for a 401(k) match, you should definitely start saving with it every year. Missing out on this is essentially giving up free money. When you're in a low tax bracket, a Roth account is a great choice. You'll pay taxes on your contributions now, but all your withdrawals from that account will be tax-free in retirement, provided you're at least 59 1/2 and have had a Roth account for at least five years. Retirement accounts also differ in their annual contribution limits and the exceptions they allow for the early-withdrawal penalties. All of these factors can affect how easily you can access your money and how much savings you wind up with in retirement, so it's important to choose your accounts carefully. Make sure you review the rules of each retirement account available to you before you decide which one(s) makes ...
Shares of Walmart (WMT 4.12%) traded roughly 4.3% lower, as of 1:18 p.m. ET. The stock received negative sentiment from Wall Street earlier today. Valuation concerns Walmart has been a superb stock to own. It's up about 28% over the past year and 185% in the past five years. The company has moved beyond its traditional brick-and-mortar retail business and built out other successful revenue streams...
Shares of Walmart (WMT 4.12%) traded roughly 4.3% lower, as of 1:18 p.m. ET. The stock received negative sentiment from Wall Street earlier today. Valuation concerns Walmart has been a superb stock to own. It's up about 28% over the past year and 185% in the past five years. The company has moved beyond its traditional brick-and-mortar retail business and built out other successful revenue streams, including e-commerce, using its stores as fulfillment centers, a membership model, and even an advertising business. But Wall Street analyst Hans Engel from the Austrian bank Erste Group thinks the valuation is now too high. At the time of the note, Engel noted that Walmart's price-to-earnings (P/E) ratio was close to 47. Expand NASDAQ : WMT Walmart Today's Change ( -4.12 %) $ -5.27 Current Price $ 122.54 Key Data Points Market Cap $1.0T Day's Range $ 121.66 - $ 125.65 52wk Range $ 79.81 - $ 134.69 Volume 1.3M Avg Vol 31M Gross Margin 25.40 % Dividend Yield 0.74 % "The expected P/E ratio is currently much higher than the average of peer companies," Engel wrote, lowering his rating on Walmart from a buy rating to hold. Even strong companies have their limits Engel's note certainly raises a valid point. How many stocks that are considered defensive plays receive a valuation approaching 50 times earnings? Walmart has certainly executed well, building out several powerful revenue streams. Stocks often trade at premiums when investors believe they have a perceived and lasting competitive advantage, or moat, in their industry. Walmart has not only demonstrated consistent growth but is also a Dividend King, meaning it has paid and raised its annual dividend for over 50 years, which also appeals to investors who focus solely on passive income. Ultimately, I think investors can continue to buy and hold Walmart as a long-term defensive play. However, the valuation is definitely high, which may limit its near- to medium-term upside.
Key Points Marathon Asset Management exited 300,000 shares of Cinemark Holdings in the fourth quarter. The quarter-end position value decreased by $8.41 million, reflecting the share sale. The position was previously 11.2% of the fund's AUM as of the prior quarter. 10 stocks we like better than Cinemark › On February 17, 2026, Marathon Asset Management disclosed in an SEC filing that it sold out i...
Key Points Marathon Asset Management exited 300,000 shares of Cinemark Holdings in the fourth quarter. The quarter-end position value decreased by $8.41 million, reflecting the share sale. The position was previously 11.2% of the fund's AUM as of the prior quarter. 10 stocks we like better than Cinemark › On February 17, 2026, Marathon Asset Management disclosed in an SEC filing that it sold out its entire Cinemark Holdings (NYSE:CNK) position, an estimated $8.41 million trade based on last-disclosed position values. What happened Marathon Asset Management reported in a recent SEC filing dated February 17, 2026, that it fully liquidated its Cinemark Holdings stake during the fourth quarter of 2025. The quarter-end value of the Cinemark position decreased by $8.41 million, reflecting the share sale. What else to know Marathon Asset Management’s Cinemark stake previously represented 11.2% of AUM in the prior quarter. Top holdings after this filing: NYSEMKT:SPY: $24.22 million (38.9% of AUM) NYSE:EAF: $20.09 million (32.2% of AUM) NYSEMKT:JHHY: $3.24 million (5.2% of AUM) NYSE:UNH: $2.87 million (4.6% of AUM) NASDAQ:PYPL: $2.63 million (4.2% of AUM) As of February 17, 2026, shares of Cinemark Holdings were priced at $25.36, down 22.4% over the past year. Company overview Metric Value Revenue (TTM) $3.1 billion Net Income (TTM) $136.6 million Dividend Yield 1.30% Price (as of market close 2/17/26) $25.36 Company snapshot Cinemark Holdings operates multiplex movie theatres, generating revenue primarily from box office ticket sales, concessions, and on-screen advertising. Its business model centers on maximizing attendance and per-patron spend through a broad film slate, premium amenities, and ancillary revenue streams. The firm serves moviegoers in the United States and Latin America, targeting families, young adults, and entertainment-seeking consumers. Cinemark Holdings together with its subsidiaries, engages in the motion picture exhibition business. The company was f...
The US will not give India the same kind of economic advantages it gave China, which allowed that country to emerge as a major competitor, Deputy Secretary of State Christopher Landau said on Thursday, signalling Washington’s cautiousness in negotiations over a trade deal. While the US wants to work with India to unlock its “limitless potential,” India should understand that “we are not going to m...
The US will not give India the same kind of economic advantages it gave China, which allowed that country to emerge as a major competitor, Deputy Secretary of State Christopher Landau said on Thursday, signalling Washington’s cautiousness in negotiations over a trade deal. While the US wants to work with India to unlock its “limitless potential,” India should understand that “we are not going to make the same mistakes with India that we made with China 20 years ago”, Landau said at the Raisina Dialogue, India’s flagship conference on geopolitics and geoeconomics. Landau also offered to work with India to address long- and short-term issues in meeting its energy challenges as supply disruptions from the Middle East crisis threaten fuel stockpiles. Advertisement India has avoided taking sides in the widening conflict, as it finalises a trade deal under negotiation since US President Donald Trump took office. Washington last month cut tariffs on Indian goods to 18 per cent from 50 per cent after several rounds of talks. US Deputy Secretary of State Christopher Landau attends a press conference in La Paz, Bolivia, in November 2025. Photo: Reuters India, like other countries, is attempting to balance growth at a time when the US is using tariffs in geopolitical negotiations.
The Pima County Sheriff's Office has said they believe her mother was "taken from the home against her will, possibly in the middle of the night and that includes possible kidnapping or abduction".
The Pima County Sheriff's Office has said they believe her mother was "taken from the home against her will, possibly in the middle of the night and that includes possible kidnapping or abduction".
In this article UAMY Follow your favorite stocks CREATE FREE ACCOUNT Iran's foreign minister Abbas Araghchi, speaks during a press conference at the Lutfi Krdar Congress Center on the sideline of the 51st session of the Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC), in Istanbul on June 22, 2025. Ozan Kose | Afp | Getty Images Iran's foreign minister said Thursday th...
In this article UAMY Follow your favorite stocks CREATE FREE ACCOUNT Iran's foreign minister Abbas Araghchi, speaks during a press conference at the Lutfi Krdar Congress Center on the sideline of the 51st session of the Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC), in Istanbul on June 22, 2025. Ozan Kose | Afp | Getty Images Iran's foreign minister said Thursday that his country is "not asking for a ceasefire" from the United States and Israel, "and we don't see any reason why we should negotiate" after nearly a week of war . Foreign Minister Abbas Araghchi also told NBC News in an exclusive interview that Iran is "confident" that it can confront the U.S. military if President Donald Trump decides to invade the nation. "And that would be a big disaster for them," Araghchi told NBC. Read more U.S.-Iran war news U.S.-Iran war: Follow CNBC's live coverage ‘No to war’: Spain PM hits back over Trump’s threats to cut trade over military base access I was on an Emirates flight to Dubai that turned around because of Iranian missiles Trump promises insurance and protection for Gulf shipping He also said that after six days of war against Iran, "It is clear that the U.S. has failed to achieve its main goal, which was clean, rapid victory." "They failed to achieve that, and now they are trying to justify why they did attack us. And they have, you know, presented so many different reasons, but none of them worked," Araghchi said. "And now they are talking about, you know, plan B. And I, I believe that, you know, plan B would be even a bigger failure. He said the war "is not our war." "This is a war of choice by the United States," Araghchi said. "We are not asking for a ceasefire, and we don't see any reason why we should negotiate," he said. "Negotiate with the U.S. when we negotiated with them twice, and every time they attacked us in the middle of negotiations? he said. "So there is no request for a ceasefire by us, and there is no request fo...
Earnings Call Insights: NACCO Industries (NC) Q4 2025 Management View President and CEO John Butler began by addressing a tragic incident at a Florida operation, emphasizing that "the safety and well-being of our employees has always been a cornerstone of our company's values," and detailed steps to reinforce safety expectations across the organization. Butler reported a 95% rise in fourth quarter...
Earnings Call Insights: NACCO Industries (NC) Q4 2025 Management View President and CEO John Butler began by addressing a tragic incident at a Florida operation, emphasizing that "the safety and well-being of our employees has always been a cornerstone of our company's values," and detailed steps to reinforce safety expectations across the organization. Butler reported a 95% rise in fourth quarter operating profit over the prior year and nearly 12% sequential growth. He highlighted that "all 3 of our reportable segments reported improved year-over-year results led by a significant increase in the Utility Coal Mining segment." The Utility Coal Mining segment returned to gross profit after several quarters of losses, driven by higher production efficiency and lower cost per ton sold at Mississippi Lignite Mining Company. Butler noted, "Production also outpaced deliveries in the period, leading to certain production costs to be capitalized into inventory." Butler revealed that the company completed termination of its pension plan, settling all future obligations and recognizing an after-tax termination charge of $6 million, contributing to a reported net loss of $3.8 million for the quarter. Butler discussed ongoing growth in the Contract Mining segment and noted the ramp-up of a multiyear dragline services contract for the U.S. Army Corps of Engineers in Florida, as well as anticipated commencement of operations at a new limestone quarry in Arizona in 2026. Minerals and Royalties saw year-over-year growth, with royalties from legacy natural gas assets benefiting from higher prices and production. Butler stated, "The Catapult team continues to actively pursue additional investment opportunities to support future growth in earnings." Senior VP & Controller Elizabeth Loveman reported, "In the 2025 fourth quarter, we generated consolidated gross profit of $12 million, an increase of 42% year-over-year, while our fourth quarter revenues of $66.8 million increased 5%." Outl...
Earnings Call Insights: Aquestive Therapeutics (AQST) Q4 2025 Management View CEO Daniel Barber stated, "This is a great moment in Aquestive's evolution, and I'm filled with optimism for our future. I believe our path has never been clearer. I believe our risk profile has never been lower. And I believe our transparency allows all of you to see this as well." Barber outlined a clear regulatory pat...
Earnings Call Insights: Aquestive Therapeutics (AQST) Q4 2025 Management View CEO Daniel Barber stated, "This is a great moment in Aquestive's evolution, and I'm filled with optimism for our future. I believe our path has never been clearer. I believe our risk profile has never been lower. And I believe our transparency allows all of you to see this as well." Barber outlined a clear regulatory path for Anaphylm, highlighting the FDA's instructions for NDA resubmission, the submission of a Type A meeting request, and preparations for required human factor and PK studies. He confirmed, "We are reiterating today our commitment to filing our resubmission in the third quarter of this year." Barber announced the expansion of the medical affairs team, stating, "We are more than doubling the size of our medical affairs organization. This will allow us to attend more conferences, educate more physicians on our data and provide the community with more scientific publications in the coming months." The company also added Dr. Matt Greenhawt as Chief Medical Officer and Dr. Matthew Davis as Chief Development Officer. On commercialization, Barber said, "We will launch with 50% more sales reps upon approval compared to our previous guidance. This means we expect to have 75 reps at launch versus the previous guidance of 50." CFO Ernie Toth stated, "We announced an extension until June 30, 2027, of our agreement with RTW. This extension secures the availability of the revenue interest financing to support the commercial launch of Anaphylm, if approved by the FDA. RTW has also agreed to an additional strategic investment of $5 million in Aquestive, showing continued confidence in the company." Outlook The company guided for total revenue of $46 million to $50 million and non-GAAP adjusted EBITDA loss of $30 million to $35 million for 2026. Aquestive expects to end 2026 with approximately $70 million, excluding any additional proceeds from RTW or out-licensing transactions. Toth noted...
Thursday is World Book Day in the UK and Ireland, with many primary schools encouraging children to take part. However, schools in England are moving away from dressing up for the event due to concerns that the activity could detract from the promotion of reading for pleasure, experts say. Here, teachers and parents tell us their views on World Book Day. ‘It should be fun, but book focused’ School...
Thursday is World Book Day in the UK and Ireland, with many primary schools encouraging children to take part. However, schools in England are moving away from dressing up for the event due to concerns that the activity could detract from the promotion of reading for pleasure, experts say. Here, teachers and parents tell us their views on World Book Day. ‘It should be fun, but book focused’ Schools really need to do a better job of World Book Day. They either seem to just say dress up and get a herd of footballers and Disney princesses, or make it really academic, like getting the pupils to dress up as an adjective. Neither is right; it should be fun, but book focused. Get them writing stories about their favourite characters – with no marking, just positive praise for creativity. Get them to make their own costumes at school. Read aloud. Do mad libs. Do a book treasure hunt on the field. It’s actually not that hard. Laura, parent, Warwickshire ‘Another point of stress for parents’ While I support the intention behind World Book Day, to encourage reading for pleasure, in practice it has become yet another point of stress for parents, regardless of income. Dressing up has become the main, competitive element of the day. Looking at the costumes, few relate to the child’s favourite character and instead simply reflect whatever happened to be available in Tesco at the late-night emergency dash. One of the bases for school uniform – the removal of stigma for those not able or willing to spend on the latest fashion – seems to be undermined by frequent non-uniform days. During my teaching days up until 2015, I noted an increased absence rate among children receiving free school meals on non-uniform days. Talking to the parents, it was obvious that part of this was just the cost implication of trying to find costumes and having to stitch them together. Paul, parent and former teacher, West Midlands ‘A bit of fun’ I think it’s a bit of fun. My parents didn’t have a lot of mo...
RerF/iStock via Getty Images Market Overview Global equities advanced in the fourth quarter, marking a third consecutive quarterly gain and closing 2025 on a positive note despite intermittent volatility. Markets were driven higher by robust AI infrastructure spending, strong corporate earnings, and a liquidity boost from the US Federal Reserve (Fed). US inflation remained contained, enabling deci...
RerF/iStock via Getty Images Market Overview Global equities advanced in the fourth quarter, marking a third consecutive quarterly gain and closing 2025 on a positive note despite intermittent volatility. Markets were driven higher by robust AI infrastructure spending, strong corporate earnings, and a liquidity boost from the US Federal Reserve (Fed). US inflation remained contained, enabling decisive policy action in response to a softening labor market. The Fed cut interest rates twice during the quarter, ended quantitative tightening, and launched new Reserve Management Purchases (RMP) to bolster liquidity. Amid a relatively positive economic backdrop, the European Central Bank (ECB) left interest rates unchanged, while easing UK inflation led the Bank of England (BOE) to lower rates in December. In Japan, Sanae Takaichi was elected prime minister as the Liberal Democratic Party (LDP) formed a minority coalition with the Japan Innovation Party. Markets rallied on Prime Minister Takaichi's economic security agenda, boosting nuclear, defense, and tech stocks, while Japanese government bond yields climbed on expectations of a more expansionary fiscal agenda to bolster economic growth. The Bank of Japan (BOJ) raised its policy rate by 25 basis points 1 (BPs) to 0.75%, signaling further hikes in 2026 to support the currency as the economy transitions through the impacts of tariffs. Positive trade developments supported markets and aided the global economy, with the US statutory tariff rate declining to 15.7% by year end from a daunting 30% peak in April, after US President Donald Trump and Chinese President Xi Jinping agreed to a series of measures to deescalate the trade war. Gold surged to record highs above US$4,000/oz, while bitcoin slid more than 25% from its peak. Performance Summary The Multi-Asset Income Fund (I share) generated positive returns and outperformed the blended index. Fixed-income exposure generated positive absolute returns and contributed to rel...
China reports major progress in its effort to rein in local government debt. Photo: VCG China has made significant progress in containing local government debt risks, with more than 82% of local government financing vehicles (LGFVs) phased out and their outstanding operational financial debt reduced by more than 74%, according to a government report submitted Tuesday. The update on a nationwide de...
China reports major progress in its effort to rein in local government debt. Photo: VCG China has made significant progress in containing local government debt risks, with more than 82% of local government financing vehicles (LGFVs) phased out and their outstanding operational financial debt reduced by more than 74%, according to a government report submitted Tuesday. The update on a nationwide debt-resolution campaign launched in 2024 was included in a report on the national economic and social development plan delivered for review at the fourth session of the 14th National People’s Congress.
Earth's human population is aging. According to recent research from the World Health Organization, from 2015 to 2050, the proportion of people 60 or older will almost double, from 12% of the total to 22%. That's a big leap over a relatively short period, and the trend offers a significant opportunity for medical device makers, especially Boston Scientific (BSX 1.28%). Here are three reasons why i...
Earth's human population is aging. According to recent research from the World Health Organization, from 2015 to 2050, the proportion of people 60 or older will almost double, from 12% of the total to 22%. That's a big leap over a relatively short period, and the trend offers a significant opportunity for medical device makers, especially Boston Scientific (BSX 1.28%). Here are three reasons why its stock can quintuple -- at least -- on the back of this shift. 1. A legacy of treating the elderly Boston Scientific's focus on afflictions that affect older patients is nothing new. Its Watchman line, which debuted in 2015, consists of small balloon-expandable heart inserts that reduce stroke risk in those with a type of atrial fibrillation (a disorder that skews toward the elderly). The company is also a leader in neuromodulation, which uses mild electrical signals transmitted through the body's nervous system to alleviate pain. Chronic pain is relatively common in people with, for example, degenerative disorders, again a health problem that disproportionately affects those of advanced age. Parkinson's disease is another disorder notorious for claiming victims in the older demographic and presents in tremors and difficulties with mobility. Boston Scientific's Vercise Deep Brain Stimulation (DBS) systems first earned U.S. Food and Drug Administration (FDA) approval in 2017 to help alleviate those issues. 2. A recent push into other niches Building on this solid foundation of legacy products, Boston Scientific is moving sideways into other therapeutic areas crowded with older patients. One of the most common medical emergencies for such people is stroke, and one of the most prevalent types of stroke is ischemic (in which a blood clot impedes blood flow to the brain). In January, the company agreed to pay around $14.5 billion in cash and stock to acquire Penumbra. This specialized company produces cutting-edge devices for thrombectomy, the blanket term for methods used to ...
jewhyte/iStock Editorial via Getty Images Marriott Vacations Worldwide ( VAC ) earned an upgrade to Outperform at Mizuho as the company’s new CEO, Matthew Avril, has brought the sales force disruption under control by re-hiring ~70% of personnel and re-aligning compensation initiatives. “Recall, this was the main concern when we downgraded VAC in 2025, that we believed the company lacked direction...
jewhyte/iStock Editorial via Getty Images Marriott Vacations Worldwide ( VAC ) earned an upgrade to Outperform at Mizuho as the company’s new CEO, Matthew Avril, has brought the sales force disruption under control by re-hiring ~70% of personnel and re-aligning compensation initiatives. “Recall, this was the main concern when we downgraded VAC in 2025, that we believed the company lacked direction in when/how the sales force issue plaguing topline would be resolved,” Mizuho’s Ben Chaiken said in a note to clients. Moreover, Chaiken believes that leveraging events and experiences to drive owner upgrades—an area the company fell short of historically—could be “a major catalyst.” “With shares at 6.9x and discounted to peers, we believe the risk/reward is compelling,” Chaiken adds. Marriott Vacation ( VAC ) shares are up more than 5% Thursday and in the green for a fourth consecutive day. More on Marriott Vacations Marriott Vacations Worldwide Corporation 2025 Q4 - Results - Earnings Call Presentation Marriott Vacations Worldwide Corporation (VAC) Q4 2025 Earnings Call Transcript Marriott Vacations Q4 Review: Finding A Bottom Marriott Vacations gains after Jefferies points to 'compelling' setup Marriott Vacations targets $755M–$780M adjusted EBITDA in 2026 as leadership drives operational transformation
Intel’s board of directors is getting a new independent chair effective May 13, after the company’s Annual Stockholders’ Meeting, the company announced earlier this week. Dr. Craig H. Barratt, a semiconductor engineer by training — not to be confused with former CEO Craig R. Barrett — will assume the role, succeeding finance veteran Frank D. Yeary, who has served on the board since 2009, and as ch...
Intel’s board of directors is getting a new independent chair effective May 13, after the company’s Annual Stockholders’ Meeting, the company announced earlier this week. Dr. Craig H. Barratt, a semiconductor engineer by training — not to be confused with former CEO Craig R. Barrett — will assume the role, succeeding finance veteran Frank D. Yeary, who has served on the board since 2009, and as chair since 2023. Intel made the announcement on March 3, clarifying that Yeary will not stand for reelection in May. It's the most consequential governance change at Intel since the board’s forced exit of former CEO Pat Gelsinger in late 2024. It also consolidates authority around Barratt, who will lead the board’s focus on scaling U.S. R&D and manufacturing, and CEO Lip-Bu Tan, who has publicly supported Intel Foundry since taking the role. Who is Craig H. Barratt? Barratt, 63, holds bachelor's degrees in pure mathematics, physics, and electrical engineering from the University of Sydney, as well as a master's and doctorate in electrical engineering from Stanford. He joined Atheros Communications in 2002 as vice president of technology, was appointed president and CEO in 2003, and led the company for eight years. Atheros was the dominant supplier of Wi-Fi chipsets during the early 802.11 boom, shipping silicon into PCs, consumer routers, smartphones, and networking gear. Under Barratt, the company went public in 2004 and was acquired by Qualcomm in 2011 for roughly $3.1 billion. He then served as president of Qualcomm Atheros through 2013, overseeing the combined non-cellular connectivity and networking silicon business. After leaving Qualcomm, Barratt ran Google Access and Energy as senior vice president from 2012 to 2016, overseeing Google Fiber and related internet infrastructure projects. He then took over as CEO of Barefoot Networks, a startup building programmable Ethernet switching ASICs, from 2017 until Intel acquired the company in 2019. Post-acquisition, he became...