Reports say move could come this weekend as White House urges Iran to ‘make a deal’ with Trump on nuclear program The US military is ready for possible strikes on Iran as soon as this weekend, multiple news outlets reported Wednesday citing unnamed sources. However, the reports said, Donald Trump has yet to make a final decision on whether to carry out an attack. Trump has repeatedly demanded Iran...
Reports say move could come this weekend as White House urges Iran to ‘make a deal’ with Trump on nuclear program The US military is ready for possible strikes on Iran as soon as this weekend, multiple news outlets reported Wednesday citing unnamed sources. However, the reports said, Donald Trump has yet to make a final decision on whether to carry out an attack. Trump has repeatedly demanded Iran cease its nuclear program, and has warned he intends to use force if no deal is reached. Continue reading...
Market Snapshot USD/INR ₹90.68 +0.0% Nifty 50 Index 25,819.35 +0.4% India 10-Year Bond Yield 6.68% +0.02 Spot Gold ($/oz) $4,972.02 -0.1% S&P 500 Futures 6,897.75 +0.1% Market data as of 08:20 AM IST, Feb. 19, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Alex Gabriel Simon, an equities reporter in Mumbai, serving up your daily dose of news...
Market Snapshot USD/INR ₹90.68 +0.0% Nifty 50 Index 25,819.35 +0.4% India 10-Year Bond Yield 6.68% +0.02 Spot Gold ($/oz) $4,972.02 -0.1% S&P 500 Futures 6,897.75 +0.1% Market data as of 08:20 AM IST, Feb. 19, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Alex Gabriel Simon, an equities reporter in Mumbai, serving up your daily dose of news and analyses before the start of the trading day. Indian stocks look set to stay on the front foot as Asian markets hold firm — led by South Korea and Australia — with overnight gains on Wall Street adding to the positive mood. The Nifty index rose for a third session on Wednesday as easing geopolitical tensions lifted sentiment. The benchmark is above a key support level, with 26,000 seen as the next hurdle. Meanwhile, shares of data center-linked suppliers like switchgear makers will enjoy investor interest as India’s AI summit features Prime Minister Narendra Modi and billionaire Mukesh Ambani among the headline speakers later today. In today’s newsletter, we write about: Asset managers heading for the IPO market Bandhan’s contrarian view on internet stocks Rising company wage bills despite AI fears But first, a look at the rush back to cash. Markets Buzz: The Dash for Cash Cash use in India has surged over the past six months, growing at its fastest pace since the pandemic. Currency in circulation — a measure of cash demand — has risen by 2.8 trillion rupees so far this financial year through March, a threefold jump over the same period last year, according to the Reserve Bank of India. As more cash leaves banks, liquidity has tightened, prompting the RBI to make record bond purchases to maintain a balance. The silver lining here is that those purchases will help cap benchmark yields, limiting borrowing costs for businesses and individuals. Three Things to Start Your Day Booming equity culture draws more asset managers to the market Retail investors have been pouring m...
Pepperstone Group's Chris Weston says investors "are seeing a more sort of universal earnings breadth and that means a stock picker's market." He tells Bloomberg Television that people are also finding growth and opportunity outside of the Magnificent Seven group. (Source: Bloomberg)
Pepperstone Group's Chris Weston says investors "are seeing a more sort of universal earnings breadth and that means a stock picker's market." He tells Bloomberg Television that people are also finding growth and opportunity outside of the Magnificent Seven group. (Source: Bloomberg)
Lunar new year has ushered in a rare zodiac symbol with a reputation for energy and independence As the lunar new year begins, the focus has turned to the Chinese zodiac and the arrival of the year of the fire horse – a rare pairing in the 60-year lunar cycle. Drawing on Chinese metaphysics, the fire horse blends the horse’s reputation for energy and independence with the intensity of the fire ele...
Lunar new year has ushered in a rare zodiac symbol with a reputation for energy and independence As the lunar new year begins, the focus has turned to the Chinese zodiac and the arrival of the year of the fire horse – a rare pairing in the 60-year lunar cycle. Drawing on Chinese metaphysics, the fire horse blends the horse’s reputation for energy and independence with the intensity of the fire element, giving it a distinct place in the zodiac tradition. Continue reading...
DutcherAerials/iStock Unreleased via Getty Images Introduction Wynn Resorts ( WYNN ) just reported its Q4 results for the year, and business results were mixed in that there were both positives and negatives. While revenues held steady and softer Vegas and Boston results were offset by momentum in Macau, I think investors are missing the bigger picture. Macau is now driving the largest share of re...
DutcherAerials/iStock Unreleased via Getty Images Introduction Wynn Resorts ( WYNN ) just reported its Q4 results for the year, and business results were mixed in that there were both positives and negatives. While revenues held steady and softer Vegas and Boston results were offset by momentum in Macau, I think investors are missing the bigger picture. Macau is now driving the largest share of revenues through strong VIP and premium growth, and Wynn's portfolio has some of the best luxury integrated resorts and casinos. In addition, the company has a strong balance sheet that’s allowed for significant capex investment to build out the Wynn Al Marjan Island tower in the UAE, which is on track for a spring 2027 opening and should start to contribute meaningfully to free cash flow. It’s for those reasons the stock trades expensively on trailing numbers, but I think for investors who can look out a few years to potential EBITDA acceleration and free cash flow growth ahead, they’ll likely be well rewarded. A Look Back at Q4 and FY'25 Results Wynn Resorts wrapped up 2025 with a weaker-than-expected Q4 . Revenues came in at $1.87 billion , up slightly compared to last year’s $1.84 billion and in line with consensus, but EPS of $1.17 missed by 31 cents and was down compared to last year. Investor Presentation When looking at what drove results this year, Wynn's Las Vegas operations generated $688 million of revenue, 1.6% lower compared to last year. While it continues to be a market leader with share gains and had a table games win percentage that came in at the high end at 26% , it did have a slight dip in RevPAR (revenue per available room) from management deliberately prioritizing higher rates over occupancy. Investor Presentation At Boston Harbor, revenues for the quarter came in at $210.2 million, about 1.1% lower, with slot revenues up 2% with growth in table drop and RevPAR. At Macau, the company continues to invest capex through the recently opened Gourmet Pavilion...
Copper declined as minutes from the Federal Reserve’s last meeting dimmed the prospect for more interest-rate cuts and weighed on the outlook for demand. The metal declined as much as 0.6% in London on Thursday, after rising more than 2% in the previous session. The minutes of the Fed’s January meeting released Wednesday indicated policymakers were surprisingly wary of cutting rates, with several ...
Copper declined as minutes from the Federal Reserve’s last meeting dimmed the prospect for more interest-rate cuts and weighed on the outlook for demand. The metal declined as much as 0.6% in London on Thursday, after rising more than 2% in the previous session. The minutes of the Fed’s January meeting released Wednesday indicated policymakers were surprisingly wary of cutting rates, with several suggesting a hike may be needed. That caused a slight paring of bets on monetary loosening this year. Copper is consolidating after a two-month surge, driven by a wave of speculative buying, took it to a record high at the end of January. Economic data published since the Fed’s last meeting have pointed to accelerating growth, slowing inflation and a stabilizing job market. President Donald Trump has continued to call for lower rates. Copper declined 0.3% to $12,870.50 a ton on the London Metal Exchange as of 10:36 a.m. in Singapore. Aluminum was down 0.3%, while nickel rose 1%. Iron ore fell for a seventh session in Singapore, dipping 0.4% to $95.35 a ton. Mainland Chinese markets are still shut for Lunar New Year holidays.
FCC Chair Pushes Back On Allegations Of Censorship Over Stephen Colbert Interview Authored by Jack Phillips via The Epoch Times, The chairman of the Federal Communications Commission (FCC) on Wednesday pushed back against allegations of censorship from CBS late-night host Stephen Colbert and a Democratic Texas Senate candidate. FCC Chairman Brendan Carr said Colbert could have aired his interview ...
FCC Chair Pushes Back On Allegations Of Censorship Over Stephen Colbert Interview Authored by Jack Phillips via The Epoch Times, The chairman of the Federal Communications Commission (FCC) on Wednesday pushed back against allegations of censorship from CBS late-night host Stephen Colbert and a Democratic Texas Senate candidate. FCC Chairman Brendan Carr said Colbert could have aired his interview with Texas state Rep. James Talarico, a Democrat running for the U.S. Senate, if the late-night TV show he hosts complied with federal equal time rules by airing interviews with other Democrats vying for the seat. “There was no censorship here at all,” Carr told reporters. “Every single broadcaster in this country has an obligation to be responsible for the programming that they choose to air, and they’re responsible whether it complies with FCC rules or not, and it doesn’t, and those individual broadcasters are also going to have a potential liability.” Talarico has alleged in posts on his X account that the FCC and the Trump administration had tried to censor the interview and barred him from appearing on Colbert’s program, although the interview was published online. “The reason the Trump administration and their billionaire friends are trying to silence me and this movement is because they’re worried that we are going to flip Texas in November,” he said in a video, which was posted on X. Aside from Talarico’s allegations of censorship, Colbert, who is set to leave “The Late Show” in May, also criticized CBS and the Trump administration during his program. “Then I was told, in some uncertain terms, that not only could I not have him on, I could not mention me not having him on,” the “The Late Show” host said on Tuesday, adding that “because my network clearly doesn’t want us to talk about this, let’s talk about this.” The interview with Talarico was uploaded to Colbert’s YouTube channel on Tuesday evening. In statements to media outlets in response to Colbert’s claims, C...
Depop, which is owned by Etsy, has 7 million active buyers on its marketplace, nearly 90% of whom are under the age of 34 Online seller eBay has agreed to purchase secondhand fashion marketplace Depop from Etsy for about $1.2bn in cash, the companies announced on Wednesday, with eBay hoping the acquisition will help it capture a younger demographic. The deal comes at a time when used clothing has ...
Depop, which is owned by Etsy, has 7 million active buyers on its marketplace, nearly 90% of whom are under the age of 34 Online seller eBay has agreed to purchase secondhand fashion marketplace Depop from Etsy for about $1.2bn in cash, the companies announced on Wednesday, with eBay hoping the acquisition will help it capture a younger demographic. The deal comes at a time when used clothing has become increasingly popular, sought out by Gen Z shoppers searching for unique items that cost less than new ones, and who want to keep older items from heading to landfill. Continue reading...