Sometimes it helps to step back after results are out and let the market digest the numbers before concluding. Following its late-February earnings release, Nu Holdings NU saw its stock slide roughly 14%, despite delivering another quarter of strong growth. This disconnect between price action and fundamentals raises a key question: Are investors reacting to near-term concerns while overlooking a ...
Sometimes it helps to step back after results are out and let the market digest the numbers before concluding. Following its late-February earnings release, Nu Holdings NU saw its stock slide roughly 14%, despite delivering another quarter of strong growth. This disconnect between price action and fundamentals raises a key question: Are investors reacting to near-term concerns while overlooking a structurally strengthening business? NU’s Record Growth Meets Market Skepticism Nu’s closed 2025 on a high note, delivering robust expansion across nearly every key metric. Fourth-quarter revenues reached $4.9 billion, marking a 45% year-over-year increase. This top-line strength was supported by sustained customer additions and deeper monetization. Image Source: NU Net income came in at $895 million, up 50% year over year, while return on equity touched a record 33%, reflecting strong profitability and efficient capital deployment. Gross profit approached $2 billion, increasing 38% year over year, indicating that growth is not coming at the cost of margin erosion. Image Source: NU Despite these impressive numbers, the market reaction suggests investors were focused elsewhere, particularly on forward-looking commentary around costs and investments. NU’s Customer Flywheel Continues to Accelerate Nu’s scale advantage continues to expand. The company ended the year with 131 million customers, adding 17 million net new users over the year. More importantly, engagement remains high, with an activity rate of 83%, reinforcing the stickiness of its platform. Monetization trends are also moving in the right direction. Average revenue per active customer (ARPAC) reached $15, rising 27% year over year and 9% sequentially. This indicates that Nu is not just growing its user base but extracting greater value from each customer through cross-selling and product expansion. Deposits climbed to $41.9 billion, up 29% year over year, providing a strong and relatively low-cost funding base. Th...
The Pentagon is accelerating efforts to replace artificial intelligence systems from Anthropic ( ANTHRO ) after the Trump administration labeled the company a supply-chain risk amid a dispute over military safeguards, Bloomberg News reported Tuesday. Cameron Stanley, the Defense Department’s chief digital and AI officer, said engineers are already working to deploy alternative large language model...
The Pentagon is accelerating efforts to replace artificial intelligence systems from Anthropic ( ANTHRO ) after the Trump administration labeled the company a supply-chain risk amid a dispute over military safeguards, Bloomberg News reported Tuesday. Cameron Stanley, the Defense Department’s chief digital and AI officer, said engineers are already working to deploy alternative large language models within government-controlled systems. He noted the transition from existing tools could take more than a month, but new options are expected to be operational soon. The shift follows a breakdown in negotiations after Anthropic declined to remove requirements limiting the use of its technology for mass surveillance or autonomous weapons. In response, the Pentagon moved to sideline the company, putting a $200M agreement for classified AI tools at risk and potentially restricting its role in future defense partnerships. Other AI providers are stepping in. OpenAI and xAI have been cleared for classified Pentagon work, while Google ( GOOG ) ( GOOGL ) is rolling out its Gemini tools across unclassified systems, with plans to expand further. Officials are still assessing how quickly these technologies can integrate with existing platforms such as Palantir’s ( PLTR ) Maven system. The push reflects a broader strategy to expand AI adoption across the military, with the Defense Department aiming to become an “AI-first” organization by reducing barriers to deployment and increasing experimentation with advanced models. Anthropic ( ANTHRO ), which had been the only provider operating in the Pentagon’s classified cloud, has since filed a lawsuit challenging the government’s designation and restrictions, arguing they violate constitutional protections. Defense officials, however, signaled the relationship is unlikely to be restored, Bloomberg News reported. More on Anthropic Wall Street Lunch: Nvidia Expands Agentic AI Push With OpenClaw Creator Wall Street Lunch: Anthropic Sues Pentag...
At The Cricketers pub in the centre of Canterbury, staff had been geared up for lively St Patrick’s Day celebrations. The pub’s “Paddy shots” were on offer: two for £7. Irish music played in the background. But, on Tuesday lunchtime, there were few revellers. “Normally, as soon as the doors open on St Patrick’s Day, we’re full,” said the manager, Ash Bolonghe, casting his arm around the near-empty...
At The Cricketers pub in the centre of Canterbury, staff had been geared up for lively St Patrick’s Day celebrations. The pub’s “Paddy shots” were on offer: two for £7. Irish music played in the background. But, on Tuesday lunchtime, there were few revellers. “Normally, as soon as the doors open on St Patrick’s Day, we’re full,” said the manager, Ash Bolonghe, casting his arm around the near-empty pub, with only a handful of matinee theatre-goers sitting by the window for a pre-performance snack. “But not today.” His bar staff, with masks and sanitiser to hand, had that morning gone to nearby Westgate Hall, one of four venues in the town set up to administer emergency precautionary antibiotics in the midst of the meningitis outbreak, with 11,000 doses said to be available in the town across the sites. View image in fullscreen Ash Bolonghe, the manager of The Cricketers pub in Canterbury. Photograph: Jill Mead/The Guardian Further along the high street, it was a similar story. Another bar and live music venue was completely empty, its staff busily cleaning door handles and table tops. It had also expected to be busy, primarily with students or nearby office workers who regularly pop in for lunch. Many of those students had left. At the University of Kent, where one of the two who died was a student, the campus appeared eerily quiet. The huge queues on Monday for masks and antibiotics at its Senate building had dwindled to a handful on Tuesday. While those at its halls of residence are to be offered the meningitis B vaccine, as announced by the health secretary, Wes Streeting, and with in-person assessments cancelled and exams now moved to online, many had packed up early for Easter. Most wearing masks, they could be seen trundling their suitcases along the high street headed for the town’s two train stations. The exodus, however, with many using public transport, may lead to concerns of the outbreak further spreading. “Many of the students seem to have left,” said Bo...
Micky van de Ven has hit back at suggestions that he and his Tottenham teammates do not care about the club’s plight and will dig out escape routes in the summer. The defender has endured a terrible couple of weeks, taking in his gamechanging red card in the defeat by Crystal Palace and the performance against Atlético Madrid when he fell over to give up a goal and was fortunate not to be sent off...
Micky van de Ven has hit back at suggestions that he and his Tottenham teammates do not care about the club’s plight and will dig out escape routes in the summer. The defender has endured a terrible couple of weeks, taking in his gamechanging red card in the defeat by Crystal Palace and the performance against Atlético Madrid when he fell over to give up a goal and was fortunate not to be sent off again. Van de Ven’s lunge at David Hancko as his team trailed 4-1 was the act of a frustrated player – he escaped punishment – and, more broadly, his halo has slipped in the eyes of some supporters. He was one of the heroes of last season’s Europa League final victory over Manchester United, his acrobatic goalline clearance arguably the defining image of the game. It has been much more of a struggle this time out, mainly because of the collective difficulties which have left Spurs in a relegation battle. They lost 5-2 at Atlético in the Champions League last 16 first leg and have it all to do in Wednesday night’s return. The bigger game this week will come on Sunday when Nottingham Forest visit in the league. There was a much-needed tonic in Sunday’s 1-1 draw at Liverpool – a match that Van de Ven watched from home because he was suspended – but the situation remains fraught and it has led to all manner of whispers about the attitude of the players. Van de Ven took aim at them when he sat down to preview the Atlético game and he spoke from the heart. “I’ve seen things … players are switched off or don’t care about the situation,” he said. “The only thing I can say is it’s not true. It would be strange if a player was in the dressing room now and saying: ‘I’m going to leave either way.’ Or: ‘I don’t focus about the situation because everything that’s going to happen, it doesn’t affect me.’ It’s just nonsense. “Sometimes we read things by ourselves … with the players, as well, and then we’re just like: ‘What is this?’ The other day, we read something about one guy that said ...
OpenAI ( OPENAI ) has launched GPT‑5.4 mini and nano, its most capable small models yet, according to the ChatGPT maker. The company said GPT‑5.4 mini significantly improves over GPT‑5 mini across coding, reasoning, multimodal understanding, and tool use, while running more than two times faster. GPT‑5.4 mini also approaches the performance of the larger GPT‑5.4 model on several evaluations, inclu...
OpenAI ( OPENAI ) has launched GPT‑5.4 mini and nano, its most capable small models yet, according to the ChatGPT maker. The company said GPT‑5.4 mini significantly improves over GPT‑5 mini across coding, reasoning, multimodal understanding, and tool use, while running more than two times faster. GPT‑5.4 mini also approaches the performance of the larger GPT‑5.4 model on several evaluations, including SWE-Bench Pro and OSWorld-Verified, the company added. Meanwhile, OpenAI said that GPT‑5.4 nano is the smallest, cheapest version of GPT‑5.4 for tasks where speed and cost matter most. It is also a significant upgrade over GPT‑5 nano. The company recommended it for classification, data extraction, ranking, and coding subagents that handle simpler supporting tasks. GPT‑5.4 mini is available starting today in the Application Programming Interface, or API, Codex, and ChatGPT. In ChatGPT, GPT‑5.4 mini is available to Free and Go users through the “Thinking” feature in the + menu. For all other users, GPT‑5.4 mini is available as a rate limit fallback for GPT‑5.4 Thinking. In the API, GPT‑5.4 mini supports text and image inputs, tool use, function calling, web search, file search, computer use, and skills. It has a 400k context window and costs $0.75 per 1M input tokens and $4.50 per 1M output tokens. In Codex, GPT‑5.4 mini is available across the Codex app, CLI, IDE extension, and web. It uses only 30% of the GPT‑5.4 quota, letting developers quickly handle simpler coding tasks in Codex for about one-third the cost, according to the company. GPT‑5.4 nano is only available in the API and costs $0.20 per 1M input tokens and $1.25 per 1M output tokens. Earlier this month, Microsoft ( MSFT )-backed OpenAI unveiled GPT-5.4 Thinking, which is designed specifically to meet the needs of businesses, placing it in even more direct competition with its rival Anthropic ( ANTHRO ). More on OpenAI Wall Street Lunch: ChatGPT Tops 800M Weekly Active Users Microsoft: An OpenAI Problem (Rat...
Technically, the stock is confirming that strength. CENX is trading just below multi-year highs, with sustained momentum suggesting investors are increasingly positioning around this tariff-driven theme, which could be persistent. Despite the run, valuation remains reasonable on the surface. Shares trade at approximately 8.3x forward earnings, well below the company’s 10-year median of 15.4x. That...
Technically, the stock is confirming that strength. CENX is trading just below multi-year highs, with sustained momentum suggesting investors are increasingly positioning around this tariff-driven theme, which could be persistent. Despite the run, valuation remains reasonable on the surface. Shares trade at approximately 8.3x forward earnings, well below the company’s 10-year median of 15.4x. That said, multiples in commodity businesses can be misleading, as they often compress near peak earnings periods. Even so, the combination of strong revisions, supportive policy, and improving operations continues to attract capital. This favorable setup is clearly reflected in the fundamentals. Century carries a Zacks Rank #1 (Strong Buy) , with earnings estimates surging 42% for this year and 64% for next year. Furthermore, sales are projected to climb nearly 30% this year and another 15% next year. Importantly, the policy backdrop remains firmly intact. The Supreme Court’s February ruling on IEEPA did not impact Section 232 steel and aluminum tariffs, which remain fully in force. That clarity has helped reinforce investor confidence that the current pricing environment can persist, at least in the near to intermediate term. Century Aluminums’ strength is a relatively straightforward tariff-driven story, layered on top of meaningful operational progress. As the largest domestic producer of primary aluminum, Century is uniquely positioned to benefit from current trade dynamics. The company sells into the US market at tariff-inflated prices while avoiding the cost burden those tariffs impose on imported supply, creating a powerful pricing advantage. Against this landscape, I screened the Zacks Rank #1 list for risk-adjusted momentum. The three stocks that stand out are Ciena (CIEN), Century Aluminum (CENX) and Micron Technology (MU). Each is being driven by a combination of improving fundamentals, reflected in earnings revisions and growth expectations, and powerful macro tail...
There is always a bull market somewhere. Despite shifting headlines and constantly evolving market narratives, certain stocks and sectors continue to benefit from prevailing economic regimes. In the current environment, traditional leaders such as the Magnificent Seven have softened amid concerns around excessive AI capex, while geopolitical tensions in the Middle East remain unresolved adding fur...
There is always a bull market somewhere. Despite shifting headlines and constantly evolving market narratives, certain stocks and sectors continue to benefit from prevailing economic regimes. In the current environment, traditional leaders such as the Magnificent Seven have softened amid concerns around excessive AI capex, while geopolitical tensions in the Middle East remain unresolved adding further uncertainty. Yet, even against this backdrop, major indices sit just a few percentage points below record highs, and a wide range of investment themes continue to push higher. Against this landscape, I screened the Zacks Rank #1 list for risk-adjusted momentum. The three stocks that stand out are Ciena (CIEN), Century Aluminum (CENX) and Micron Technology (MU). Each is being driven by a combination of improving fundamentals, reflected in earnings revisions and growth expectations, and powerful macro tailwinds, including tariffs and the ongoing AI infrastructure buildout. Image Source: Zacks Investment Research Century Aluminum (CENX): Tariffs Propel the Stock Higher Century Aluminums’ strength is a relatively straightforward tariff-driven story, layered on top of meaningful operational progress. As the largest domestic producer of primary aluminum, Century is uniquely positioned to benefit from current trade dynamics. The company sells into the US market at tariff-inflated prices while avoiding the cost burden those tariffs impose on imported supply, creating a powerful pricing advantage. Importantly, the policy backdrop remains firmly intact. The Supreme Court’s February ruling on IEEPA did not impact Section 232 steel and aluminum tariffs, which remain fully in force. That clarity has helped reinforce investor confidence that the current pricing environment can persist, at least in the near to intermediate term. This favorable setup is clearly reflected in the fundamentals. Century carries a Zacks Rank #1 (Strong Buy), with earnings estimates surging 42% for this yea...
Bayern Munich may hand 16-year-old goalkeeper Leonard Prescott his first-team debut in the Champions League on Wednesday. The German giants have three goalkeepers struggling with injury and if Jonas Urbig fails to recover from concussion then Prescott will play in the second leg of their last 16 tie against Atalanta, head coach Vincent Kompany said. Urbig sustained his injury in Bayern's 6-1 victo...
Bayern Munich may hand 16-year-old goalkeeper Leonard Prescott his first-team debut in the Champions League on Wednesday. The German giants have three goalkeepers struggling with injury and if Jonas Urbig fails to recover from concussion then Prescott will play in the second leg of their last 16 tie against Atalanta, head coach Vincent Kompany said. Urbig sustained his injury in Bayern's 6-1 victory in Italy last week, while regular starter Manuel Neuer is working towards full fitness after a muscle tear and third-choice keeper Sven Ulreich picked up an adductor issue in Saturday's 1-1 draw at Bayer Leverkusen. "Jonas trained normally today [Tuesday]. The decision tomorrow will be a medical one," Kompany said. "If everything goes well then Urbig will be in goal. If not then we will have to find another solution." Prescott, a German youth international who plays for Bayern's under-19s, will require clearance from German labour authorities to work in the evening as he is a teenager. He has been on Bayern's bench in their past two matches with fellow teenage keeper Leon Klanac, 19, also out with a thigh injury. Reserve team keeper Janis Bartl, 19, has featured on the Bayern bench in two Bundesliga matches this season, but it is Prescott who Kompany will turn to if necessary. "He [Prescott] is very calm. Overall, we as a staff are also calm. If he plays tomorrow he will have our full backing. Everyone will help," Kompany added. "There will never be a young player who will be forced to play a main role. We have full confidence in him whatever happens tomorrow." Neuer, a World Cup winner and 12-time Bundesliga champion with Bayern, has played 19 times in the league this season, with the 37-year-old's last appearance coming on 6 March. Urbig, 22, has played eight league matches, including six starts, while Ulreich, 37, made his first appearance of the season on Saturday. Bayern, the defending Bundesliga champions and current league leaders, will face either Real Madrid or ...
(RTTNews) - European stocks moved mostly higher during trading on Tuesday even as oil prices resume their rise amid fears over constrained supply. U.S. President Donald Trump criticized Western allies for rebuffing his request to send warships to escort tankers through the Strait of Hormuz, as the U.S.-Israeli conflict with Iran entered day 18. Iran has launched a series of attacks on the United A...
(RTTNews) - European stocks moved mostly higher during trading on Tuesday even as oil prices resume their rise amid fears over constrained supply. U.S. President Donald Trump criticized Western allies for rebuffing his request to send warships to escort tankers through the Strait of Hormuz, as the U.S.-Israeli conflict with Iran entered day 18. Iran has launched a series of attacks on the United Arab Emirates (UAE), targeting Dubai's international airport and the Fujairah oil port, marking a sharp escalation in the ongoing conflict. "With plenty of chatter from politicians on the world stage, the oil price was back at the centre of things with Brent crude edging past $102 a barrel. This maintained pressure on central bankers about to deliver their update on interest rates," AJ Bell head of financial analysis Danni Hewson. She added, "Markets don't expect the US, UK or the ECB to follow Australia's example and hike rates this time around, but there will be plenty sat at the table wishing they could turn back the clock by a couple of weeks. While the U.K.'s FTSE 100 Index advanced by 0.8 percent, the German DAX Index climbed by 0.7 percent and the French CAC 40 Index rose by 0.5 percent. Trustpilot Group soared by 31 percent in London. After reporting strong full-year 2025 results, the online review platform said it expects revenue to grow "in the high teens" on a constant currency basis in 2026. German life-science company Sartorius also showed a strong move to the upside, surging by 7.9 percent after setting new mid-term financial targets. Meanwhile, Close Brothers slumped by 3.5 percent. After reporting a narrower loss in the first half of its financial year, the lender said it plans to cut 600 jobs by 2027 as part of its ongoing cost-reduction efforts. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
On Monday, a consortium that oversees the US's premier atmospheric research center announced it was suing the Trump administration over plans to shut it down. The National Center for Atmospheric Research, or NCAR, provides a home for interdisciplinary and collaborative research focused on anything atmospheric. Many of the country's leading academic researchers in the field have spent time working ...
On Monday, a consortium that oversees the US's premier atmospheric research center announced it was suing the Trump administration over plans to shut it down. The National Center for Atmospheric Research, or NCAR, provides a home for interdisciplinary and collaborative research focused on anything atmospheric. Many of the country's leading academic researchers in the field have spent time working there or have been involved in collaborations that involve NCAR. But all of that is dependent upon government support for the research done there and, back in December, the head of the Office of Management and Budget labeled it woke and “one of the largest sources of climate alarmism in the country,” calling for it to be broken up. Since then, planning has continued for the dismemberment of NCAR, with everything from its computing facilities to its headquarters building being up for grabs. But now, the group that runs NCAR is fighting back, alleging in a lawsuit that this is all happening simply because President Trump is mad at Colorado and its governor. The center at risk NCAR is situated in Boulder, Colorado, and provides a home for a huge range of science, from weather forecasting to climate change to the impact of space weather on the upper atmosphere. The work there is backed by two research aircraft and a supercomputing center to run the weather and climate models. All of that is managed by the University Corporation for Atmospheric Research (UCAR), a nonprofit that represents over 130 individual educational institutions. UCAR helps manage and maintain the facilities and apply for and distribute grant money, and it provides work space for people to pursue collaborative projects at its facilities. Graduate students, post-docs, and faculty may all spend time working at NCAR facilities or using its supercomputing resources as part of specific research projects. Read full article Comments
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Bank of America said Uber Technologies Inc (NYSE:UBER, XETRA:UT8)’s medium-term autonomous vehicle (AV) supply outlook has significantly improved following the company’s expanded partnership with Nvidia Corp (NASDAQ:NVDA, XETRA:NVD). Uber and Nvidia announced plans to launch Level 4 robotaxis...
Bank of America said Uber Technologies Inc (NYSE:UBER, XETRA:UT8)’s medium-term autonomous vehicle (AV) supply outlook has significantly improved following the company’s expanded partnership with Nvidia Corp (NASDAQ:NVDA, XETRA:NVD). Uber and Nvidia announced plans to launch Level 4 robotaxis...
Spain is considering buying more natural gas via pipeline from Algeria to help boost supplies as the war in the Middle East is causing a surge in prices. The Spanish government and Naturgy Energy Group SA , which operates a pipeline between the country and Algeria, have held talks about increasing orders, according to people familiar with the matter. The idea would be to use the conduit close to f...
Spain is considering buying more natural gas via pipeline from Algeria to help boost supplies as the war in the Middle East is causing a surge in prices. The Spanish government and Naturgy Energy Group SA , which operates a pipeline between the country and Algeria, have held talks about increasing orders, according to people familiar with the matter. The idea would be to use the conduit close to full capacity, one of the people said, asking not to be named discussing non-public information. Benchmark European gas futures have surged more than 60% since the Middle East conflict began as the Strait of Hormuz, the chokepoint for about a fifth of the world’s liquefied natural gas shipments, has been all but closed. QatarEnergy halted the world’s biggest LNG export facility following an Iranian drone attack. Spain is rushing to mitigate the fallout, with the government set to announce an aid package on March 20. Among the sectors being targeted are energy-intensive industries. Spokespeople for the government and Naturgy declined to comment. The Medgaz pipeline has a nominal capacity of 32 million cubic meters a day, and daily flows averaged about 28 million in January and February, according to BloombergNEF data. Before the war started, the flows were expected to remain at 28 million cubic meters a day in March. The largest shareholder in the Medgaz pipeline is Algeria state-owned Sonatrach , with 51%, while the remaining stake is owned by a joint venture between Naturgy and BlackRock Inc. The 210-kilometer (130-mile) long offshore link under the Mediterranean was the first built between Algeria and Europe. Algeria was for years Spain’s largest gas supplier, before another pipeline that went through Morocco had to be shut down, leading Spain to rely more on LNG from top suppliers like the US and Qatar. Relations were also complicated in 2022, when Algeria demanded steep price increases as part of contract negotiations that dragged on for months .