watch now VIDEO 19:11 19:11 YouTube creator Jesser on the explosion of sports creator content CNBC Sport The future of the NBA's media strategy was taking shape at this year's All-Star weekend. The fanfare has always been about showcasing the league's best players. But this year, the event was as much about the league's partnership with content creators as it was on-the-court talent. More than 200 global creators took part in the events Thursday through Sunday, facilitated by the league. It showed the NBA appears more than happy to partner with content creators rather than limit their game access to wall off the value of live rights – where the league makes most of its money. The NBA's new 11-year, $77 billion media rights deal began this season with deals with Comcast's NBCUniversal, Disney and Amazon. The NBA is betting its future has space for both a growing creator base and the traditional game viewing experience that has fueled its revenue growth. "The NBA has a long history of collaborating with talented creators who share our commitment to bringing the excitement of our games and events to fans around the world," NBA Senior Vice President of Social and Digital Content Bob Carney said in a statement . "We're thrilled to join forces with more creators than ever at NBA All-Star, providing opportunities for them to be active participants across virtually every event and deliver engaging content that showcases this marquee NBA event to different audiences." A few months ago, NBA Commissioner Adam Silver called the NBA "a highlights-based sport" and pointed fans to Instagram, TikTok, X and YouTube for league content. Silver has decided it's worth partnering with creators to keep Generation Z and Generation Alpha interested in the NBA as those age groups move away from watching full games the way their parents did. Embracing social media is a risky play for Silver, given the vast majority of the league's revenue comes from the value of live games. The NBA's big medi...

Justin Paget/DigitalVision via Getty Images Shares of Pool Corporation ( POOL ) have been a poor performer over the past year, losing about a quarter of their value. While maintenance activity and market share gains have helped to provide some support for results, new pool construction activity has been weak as consumers limit spending on large projects. These pressures were apparent in Q4, with the company disappointing investors with its results and outlook. I last covered POOL in November when I reiterated shares as a "S ell," and they are down 7% since then. With updated financials and increased optimism about housing activity in 2026, now is a good time to revisit POOL. Seeking Alpha Operating expenses pressure margins In the company’s fourth quarter , Pool Corporation earned $0.85 per share, which was $0.12 below expectations as revenue fell slightly to $982 million. For the full year, EBITDA declined by about $26 million to $654 million. For the full year, the company earned $10.85, which included $0.12 of tax benefits. This was down 3% from 2024 as construction levels remain weak and expansion efforts pressure margins. Results do not offer any sign that the business is about to rebound significantly. Now, thanks to pricing actions, gross margins improved by 70 bps to 30.1%. As a result, gross profit increased by 2% to $296 million. Offsetting this, operating expenses rose by 6% to $244 million, a sharp pace considering the lack of revenue growth. Higher employee and health insurance costs have weighed. Additionally, the company has been opening more POOL360 locations, though with flat revenue, they are not yet contributing sufficient sales, leading to incremental margin pressure. As a result of this expense pressure, operating income fell by 14% to $52 million. It is important to remember that only a minority of Pool’s business is tied to the construction of pools. Most of its business is for maintenance work, chemicals, etc. While there is still some cyclic...

US President Donald Trump on Thursday promised US$10 billion for a new “Board of Peace”, an amorphous new institution focused first on Gaza that is being launched just as he threatens Iran with war. While US warplanes and aircraft carriers headed towards Iran on his orders, Trump welcomed some two dozen allies from around the world to the gleaming Washington building of the former US Institute of Peace, which has been gutted and renamed after the 79-year-old Republican. Trump, who has sharply...

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which me

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which me

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which me

An ex- Commerzbank AG analyst who made bogus sexual harassment allegations against a former colleague and lied to courts in a bid to win an employment lawsuit had is jail term cut by a London appeals court. Damilare Ajao was found in contempt of court after allegations he made at a tribunal proved to be false and was initially sentenced to 20 months in prison. On Thursday, the Court of Appeal reduced the term to eight months after it found that the previous judge used the wrong sentencing guidelines. The appeals court dismissed the prospect of a suspended sentence given that there was no real prospect of rehabilitation. Ajao, who worked as a compliance analyst, has “shown no remorse or understanding of what he has done is wrong,” Judge Clive Lewis said in court. Commerzbank alleged at hearings that Ajao lied to the court and his allegations had an adverse effect on the health of a female colleague he accused of harassment. A judge previously said a sexual assault claim against one colleague was “ pure invention ” and that he was “unworthy of belief.” A lawyer for Ajao didn’t immediately respond to a request for comment.

Dallas Cowboys Chief Brand Officer Charlotte Jones and Penske Entertainment Vice Chair Greg Penske discuss plans for the Java House Grand Prix of Arlington, Texas, in March. They spoke with Bloomberg's Julie Fine. (Source: Bloomberg)

Few data releases are more exciting than quarterly filed Form 13Fs with the Securities and Exchange Commission. A 13F provides a way for investors to track which stocks Wall Street's savviest money managers bought and sold in the latest quarter. One prominent billionaire investor who rightly garners attention during 13F filing season (13Fs covering fourth-quarter trading activity were due on Feb. 17) is David Tepper of Appaloosa. Tepper's $6.4 billion investment portfolio is growth-stock oriented and strongly focused on game-changing trends, which, at the moment, means artificial intelligence (AI) . Image source: Getty Images. Continue reading

Earnings Call Insights: Kaiser Aluminum Corporation (KALU) Q4 2025 Management View CEO Keith Harvey stated that "our fourth quarter results continue to build on the momentum we've established throughout the year. This marks our fifth consecutive quarter of performance ahead of our internal expectations and we exceeded the full year outlook we provided in October." Harvey highlighted that start-up costs moderated and metal pricing remained a tailwind. He underscored delivering more than 25% EBITDA growth for the year, with margins above 21% and record EBITDA in 2025, further noting, "we are positioned to harvest the returns from our recent investments, continue strengthening margins and generate free cash flow as we execute efficiently across the portfolio." CFO Neal West reported, "our full year total net sales were $3.4 billion... our conversion revenue for the year was $1.5 billion, relatively consistent with 2024." West detailed, "adjusted EBITDA for the year was $310 million, up approximately $69 million from 2024," and noted improved margins to 21.3%. He added, "our net debt leverage ratio was 3.4x, an improvement from the 4.3x at December 31, 2024." West also explained, "2025 capital expenditures came in at $137 million," with major growth projects completed. He announced, "in 2025, we returned approximately $51 million to our shareholders through dividend payments." Outlook Harvey projected 2026 as a record year for both conversion revenue and EBITDA. For aerospace and high-strength products, he indicated shipments are expected to increase "in the range of 10% to 15% in 2026 with conversion revenue expected up approximately 5% to 10%." Packaging shipments are targeted to grow 5% to 10% and conversion revenue 15% to 20%. General engineering shipments and conversion revenue are expected to grow 3% to 5% year-over-year. Automotive shipments and conversion revenue are anticipated to decline by 5% to 10%, primarily due to planned outages, rather than demand. Harve...

格隆汇2月20日｜谷歌(GOOG.O)：将继续投资于人工智能驱动的防御措施，并为安卓开发者提供构建安全应用所需的工具。

Alphabet Class C (GOOG) stock rises on Google’s Shopee AI deal — what traders watch next Bez Kabli

管理着 5 只全新 Truth Social 品牌 ETF、聚焦美国总统特朗普 “美国优先” 投资理念的投资顾问公司 约克维尔美国股票有限责任公司（Yorkville America Equities LLC） ，周四宣布计划收购 Point Bridge 美国优先 ETF（Point Bridge America First ETF，代码 MAGA，即 MAGA 基金） 。 此项拟议收购已获 Truth Social 受托人批准，是约克维尔在不到一个月内宣布的第二笔收购交易，目标均为投资理念与特朗普政策一致的基金。1 月底，该公司已达成协议，收购 天佑美利坚 ETF（God Bless America ETF，代码 YALL） —— 另一只在其官网强调 “爱国投资” 的 ETF。 约克维尔在声明中表示，此次交易将使其 “扩充契合自身价值观的产品矩阵，同时借力一只拥有稳定投资者基础与业绩记录的成熟基金”。 两笔收购将大幅提振 Truth Social ETF 系列的资产规模。5 只新推出的 Truth Social ETF 资产规模不足 5000 万美元，收购天佑美利坚 ETF 将新增约 1.01 亿美元资产，收购美国优先 ETF 则将再增加 3200 万美元。 公司称，两笔交易预计均于 2026 年第二季度完成。 责任编辑：郭明煜

格隆汇2月20日｜谷歌(GOOG.O)：推出安卓开发者验证机制以追究不良行为者责任。

Oakmark International Small-Cap Strategy ( OAKEX ) underperformed the benchmark in Q4 2025, returning 1.64% compared to the MSCI World ex USA Small-Cap Index’s 3.50%. During Q4 2025, the fund initiated a new position in Visional ( VISIF ). The fund exited Gerresheimer ( GRRMY ), JDE Peet's ( JDEPY ), and Medmix ( MDMXF ). Source . More on Oakmark International Small Cap Fund;Investor Oakmark International Small Cap Strategy Q4 2025 Commentary Oakmark International Small Cap Fund Q4 2025 Commentary Seeking Alpha’s Quant Rating on Oakmark International Small Cap Fund;Investor Dividend scorecard for Oakmark International Small Cap Fund;Investor

It's been a historic run, but that comes with downsides.

American Express ' (NYSE: AXP) stock has rallied about 160% over the past five years. The financial services giant remained an evergreen investment, even as inflation, rising interest rates, geopolitical conflicts, and other macroeconomic headwinds rattled the global economy. Let's see if its stock will keep rising through the end of the decade. American Express is often considered a credit card company, but it doesn't operate the same business model as Visa (NYSE: V) and Mastercard (NYSE: MA) . Visa and Mastercard don't issue their own cards; they partner with banks to co-issue branded cards, earning "swipe fees" whenever those cards are used. They don't handle those accounts or collect the payments. Image source: Getty Images. Continue reading

WTI Extends Geopolitical Risk Gains After Across-The-Board Inventory Draws Oil prices pushed higher Thursday on worries that nuclear talks between US and Iran might not avert a new conflict that could threaten supplies. "Oil is extending its gains, with Brent crude back above $70 a barrel... as fears of a military confrontation between the US and Iran rattled energy markets," said Matt Britzman, senior equity analyst at Hargreaves Lansdown. "Nuclear talks between the two sides appear to be going nowhere fast, and the geopolitical premium is clearly back in play," he added. On top of that, API reported an across the board draw in energy inventories. “The failure to resolve core areas of contention continues to tip the scales in favor of another military confrontation,” RBC Capital Markets analysts including Helima Croft said in a note. “The massive buildup of US military assets in the region as well as the recent Iranian naval exercise in the Strait of Hormuz seem to suggest that the launch sequence for a second military conflict has commenced.” Will the official data confirm API's draws and build (pun intended) on the geopolitical risk premia in crude prices... API Crude -609k Cushing -1.4mm Gasoline -312k Distillates -1.6mm DOE Crude -9.014mm - biggest draw since Sept 2025 Cushing -1.095mm - biggest draw since Jun 2025 Gasoline -3.21mm - biggest draw since Oct 2025 Distillates -4.566mm The official data confirmed API with inventory draws across the board . Crude saw its biggest destocking since September and Gasoline stocks fell for the first time since Nov7th... Source: Bloomberg US crude production extended its rebound from the storm slowdown... Source: Bloomberg WTI is trading near $67 after the official inventory data, extending gains... Source: Bloomberg "Geopolitical issues, above all Iran, are the key bullish factor in the oil market at the moment," University of Texas-Austin energy analyst Ben Cahill tells Axios via email . "Otherwise there's not a whole lo...

格隆汇2月20日｜墨西哥安全部长：墨西哥海军在该国西海岸附近的太平洋海域截获一艘装载四吨可卡因的潜艇。

quantic69/iStock via Getty Images Introduction In the midst of the AI frenzy, Dell ( DELL ) was one of the hottest stocks. Now that we are seeing a capex-fear-driven rotation out of the hyperscalers and their supply chain into energy, materials, consumer staples, industrials, and utilities, Dell appears as a stock that investors are leaving behind. We can see below that most sectors in the S&P 500 are up considerably YTD, with only a handful of laggards that are not truly down. However, sectors such as technology, communication services, and financials have a larger weight on the index, as we all know. This is why, overall, the S&P 500 is barely in the green, while the equal-weighted index ( RSP ) is up 6.5% YTD, which was an idea I discussed when I shared my 2026 market outlook, talking about " the revenge of the S&P 493 ." Data by YCharts Where Dell Currently Sits I started covering Dell when I chose it as one of the top 3 picks for 2024, and it was, indeed, the best-performing one among the three. In case you have no idea how the company is organized and structured, I suggest reading one of my past articles. But, just to keep things simpler, be aware that Dell operates in the hardware business and splits its operations into two segments: Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG). We could say that Dell is more or less positioned in the middle of the tech value chain. It sources components and then designs and assembles them to build servers (in particular, AI-optimized servers) and to provide network equipment and storage solutions. This is what falls in the ISG business. CSG, on the other hand, focuses on what makes Dell more renowned: notebooks, desktops, and peripheral devices. Both segments generate more or less 60% of their sales in the Americas, as we read in its FY25 10-K . At the end of the last fiscal year, ISG reported net revenues of $43.6B, up 29% YoY, and managed to increase its operating margin by 20 bps to 12.8% (FY24: 1...

Early Retinal Fluid Drying May Extend Injection Gaps in AMD Medscape

Image source: The Motley Fool. Thursday, February 19, 2026 at 11 a.m. ET Need a quote from a Motley Fool analyst? Email pr@fool.com Continue reading

Palantir Technologies (NASDAQ: PLTR) has become one of the most popular stocks in the market. Like many such stocks, Palantir has been volatile, rising and falling with prevailing sentiment among market participants about the future of artificial intelligence. Yet with CEO Alex Karp at the helm, Palantir has ambitious plans to build on its past success and lead its clients into the AI era. What investors need to understand clearly about Palantir is that the tech disruptor has firmly hitched its future to the AI bandwagon. This third and final article on Palantir for the Voyager Portfolio will take a closer look at exactly how the company expects to make the most of the opportunities it sees ahead of it. Image source: Getty Images. Continue reading

Palantir Has a Vision of an AI-First World. Will It Make Investors Rich? The Motley Fool

The US trade imbalance widened sharply in December 2025, highlighting continued challenges in America’s economic relationship with the world and with key economic competitor China, according to a release from the US Bureau of Economic Analysis on Thursday. For the full year 2025, the US recorded a goods and services trade deficit of US$901.5 billion, a modest decline of 0.2 per cent from 2024, one of the largest since 1960. The total goods and services deficit in 2024 was US$903.5 billion, the...

格隆汇2月20日｜欧洲央行：因资本要求申报不当，欧洲央行对摩根大通处以两项共计1218万欧元的罚款。

北京时间2月20日凌晨，美股周四午盘继续下滑。投资者正在权衡 沃尔玛 令人失望的业绩展望以及美国与伊朗之间不断发酵的紧张局势。美国上周首次申领失业救济人数创11月来最大降幅，表明劳动力市场企稳。 道指跌288.88点，跌幅为0.58%，报49373.78点；纳指跌84.44点，跌幅为0.37%，报22669.20点；标普500指数跌28.35点，跌幅为0.41%，报6852.96点。 沃尔玛股价下跌，此前该公司的全年盈利展望不及预期，这令其好于预期的第四季度业绩黯然失色。 由于伊朗与美国围绕伊朗核计划的对峙导致原油价格进一步上涨，交易商也保持紧张。周四西得克萨斯中质原油期货上涨逾1%，交易价格突破每桶66美元。 华尔街刚刚经历了一个上涨时段，主要是受到科技股七巨头上涨以及金融和能源股的强势提振。 Edward Jones高级全球投资策略师Angelo Kourkafas表示：“在未来几周，如无意外市场将出现这种状况：超大市值股票出现反弹，同时今年主导市场表现的轮动和扩散主题暂停。” 他补充道：“市场经历了广泛且无差别的抛售，在某些情况下，相对于当前基本面，估值可能已经反映了很大程度的颠覆风险。” Kourkafas表示，可以肯定的是，即使对科技板块的悲观情绪可能已被夸大，但由于宏观经济环境继续有利于周期性股票，该板块“重新获得可持续领先地位的前景仍然存疑”。 周四经济数据面，美国上周首次申领失业救济人数创11月来最大降幅，表明劳动力市场企稳。 根据美国劳工部周四公布的数据，截至2月14日当周，首次申领失业救济人数下降2.3万人，至20.6万人。该数据低于接受调查的经济学家中除一人之外其他所有人的预期。 过去一年里，首次申领失业救济人数仅有为数不多几次低于21万。数据处于这一水平表明裁员总体保持低位。该数据还表明，1月底席卷美国广大地区的严重冬季风暴导致部分人暂时无法工作，而这些人已返回岗位。 不过，作为实际领取救济人数指标的持续申领人数在此前一周升至187万人，为1月初以来最高。用于平滑波动的首次申领人数的四周移动均值上周基本持平，为21.9万人。在未经季节性因素调整之前，首次申领人数大幅下降。纽约州、宾夕法尼亚州和德克萨斯州降幅最大。 根据美国普查局发布的经济指标初值报告，12月份批发库存增长0.2%，达到9172亿美元。8位经济学家预测中值为增长0.2%，预测范...

Feb 19 (Reuters) - New York Governor Kathy Hochul has pulled her proposal to allow commercial robotaxi services in smaller cities outside New York, a spokesperson for the governor said on Thursday.

总部位于多伦多的芯片初创企业 Taalas 周四宣布，已完成 1.69 亿美元 融资，并表示已研发出一款芯片，运行人工智能应用的速度 快于 传统方案，且成本 更低 。 就在数周前，英伟达于圣诞前夕以 200 亿美元从芯片初创公司 Groq 获得知识产权授权，此举重新点燃了市场对一批专注于 AI 推理 特定环节的初创企业与技术的兴趣。AI 推理是指像 OpenAI 旗下 ChatGPT 这类 AI 模型响应用户查询的过程。 Taalas 的芯片设计思路是：将 AI 模型的部分结构 直接刻制在硅片上 ，从而打造出专为特定模型（如 Meta 的轻量版 Llama）优化的定制芯片。这种定制化硅片会搭配大量高速但成本较高的片上 SRAM 内存，与 Groq 的设计思路类似。 但 Taalas 芯片的真正优势，在于 为每个模型量身定制 的设计。 “这种硬件级固化正是我们速度优势的部分来源。” 首席执行官柳比沙・巴伊奇在接受路透社采访时表示。 巴伊奇介绍，该初创公司会先完成约 100 层结构、近乎完整的芯片制造，再在其中两层金属层上做 最终定制化 。Taalas 的芯片由 台积电 代工，为特定模型定制的芯片大约 两个月 即可完成生产。 相比之下，英伟达 Blackwell 这类 AI 处理器的生产周期约为 六个月 。 Taalas 表示，目前已能生产运行 轻量级 AI 模型 的芯片，并计划在今年年底前推出可支持 GPT‑5.2 等顶尖大模型的处理器。 Groq 第一代处理器同样采用 高 SRAM 占比 的设计思路，另两家初创公司 —— 今年 1 月与 OpenAI 达成云计算合作的 Cerebras ，以及 D-Matrix —— 也采用了类似方案。 责任编辑：郭明煜

France ’s constitutional court cleared the 2026 budget including a series of measures aimed at taxing the wealthy, a decision that paves the way for President Emmanuel Macron to finally promulgate the finance bill. Judges validated the procedure for adopting the law and declared the vast majority of its provisions constitutional. They struck down some minor elements on the grounds they had no place in a budget and added notes to two provisions to ensure their application is constitutional. The validation marks one of the final steps in Prime Minister Sebastien Lecornu ’s politically treacherous, months-long path to getting a budget passed for this year. In verifying three tax-the-rich policies — on Lecornu’s request — the court was focusing on one of the most contentious issues to emerge during the political debate. The Socialist party — on whose support the government depended to avoid being toppled in no-confidence votes — had demanded the wealthy pay more. Judges said on Thursday the procedures to adopt new levies on the country’s richest citizens and changes to rules on passing down family companies were in keeping with the constitution. The court did not rule on the constitutionality of the measures themselves as there were no direct complaints formulated by the prime minister or during parliamentary debate. It’s not clear how much the measures will raise for the government, but their reach is far narrower than the so-called Zucman wealth tax that left-leaning parties had initially pushed for and that they could resurrect in next year’s presidential campaign. The three measures that were put before the court “have a relatively limited scope,” said Olivier Janoray, a partner at Duroc Partners and specialist in wealth taxation. “What’s worrying clients is what is going to happen after 2027.” One of the measures would, for the first time, place a tax — set at 20% — on certain “non-professional” assets held in holding companies. These could include yachts, jewelry,...