The yuan’s recent strength has been largely underpinned by a softer U.S. dollar. Photo: IC China’s yuan strengthened past the key 6.90-per-dollar threshold on Thursday, with both its onshore and offshore exchange rates climbing to their highest levels this year ahead of the Spring Festival holiday. The offshore yuan, which trades more freely, rose to as strong as 6.894 per dollar during the session and has gained more than 1.1% since the end of 2025. Its onshore counterpart also briefly moved past 6.9, touching 6.8998 in the afternoon. The onshore rate closed at 6.9016, 99 pips stronger than the previous trading day, bringing its total gain this year to 1.25%.

Source: Bloomberg, 2:45

Douglas Rissing Kate Moore, chief investment officer at Citi Wealth, says the U.S. economy remains fundamentally strong despite ongoing market volatility and political pressure for interest rate cuts. “The macro economy is in very good shape at this point,” Moore said in an interview with CNBC, citing recent labor market data that shows “not just a stabilization, but a solid labor market.” Moore pointed to several indicators supporting her bullish economic outlook, noting that approximately 55% of industries are currently in net hiring mode. She also highlighted emerging “green shoots” in manufacturing, pushing back against the notion that job growth is overly dependent on the healthcare sector. The continuing claims data, she added, further reinforces her view that employment conditions remain robust. On inflation, Moore expects prices to stay elevated, with CPI data likely to come in above target. “The tariff environment underpins goods prices, we think, in the near term,” she explained, noting that consumer behavior is heavily influenced by the affordability of everyday purchases rather than official inflation measures. While acknowledging political pressure from the Trump administration for more aggressive rate cuts in the second half of the year, Moore suggested the Fed may hold steady unless conditions change dramatically. “If there was a significant deterioration, we would be more than happy to change our macro view and expect a different reaction from the Fed,” she said. Moore also expressed skepticism about the recent rally in defensive sectors like consumer staples ( XLP ), warning that “over 90% of those returns are coming from multiple expansion” rather than genuine earnings growth. She characterized the shift as “rotation for rotation’s sake instead of a changing fundamental backdrop.” For investors navigating 2026, Moore’s advice is clear: focus on fundamentals. “Stay focused and anchored on the earnings and the fundamentals, and don’t let these period...

ASML 's (NASDAQ: ASML) stock rallied about 90% over the past 12 months, but I believe it could surge even higher this year as the AI market expands. ASML is the world's largest producer of lithography systems, which are used to optically etch circuit patterns onto silicon wafers. It's also the only producer of high-end extreme ultraviolet (EUV) lithography systems, which are required for manufacturing the smallest, densest, and most power-efficient chips. Image source: Getty Images. All of the world's top foundries -- including TSMC (NYSE: TSM) , Samsung, and Intel (NASDAQ: INTC) -- use ASML's EUV systems in their most advanced nodes. So without ASML, fabless chipmakers like Nvidia (NASDAQ: NVDA) couldn't produce their top-tier AI chips . Continue reading

peshkov/iStock via Getty Images By David Puell, Research Trading Analyst/Associate Portfolio Manager, Digital Assets & Matthew Mena Introduction In 2025, bitcoin ( BTC-USD ) continued to integrate into the global financial system. The launch and growth of spot bitcoin ETFs in 2024 and 2025, the inclusion of digital asset public companies in major equity indices, and ongoing regulatory clarity are shifting bitcoin from the “crypto” fringe toward a new asset class that we believe is worthy of institutional asset allocation. In our view, the unifying theme for the current cycle is bitcoin’s transition from an “optional” new monetary technology to a strategic allocation for a growing set of investors. In our view, four trends are increasing bitcoin’s value proposition: The macro and policy backdrop shaping demand for scarce digital assets. Structural ownership trends across ETFs, corporates, and sovereigns. Bitcoin’s relationship to gold and the broader store-of-value continuum. Evidence that bitcoin’s drawdowns and volatility are diminishing when compared to prior cycles. In this article, we outline these trends. The 2026 Macro Backdrop Monetary Conditions And Liquidity After an extended period of monetary policy tightening, the macro landscape is shifting: quantitative tightening (QT) ended in the US last December, the U.S. Federal Reserve’s (Fed’s) rate-cutting cycle still is in early innings, and more than $10 trillion in lower-yielding money-market and fixed-income ETFs could be poised to rotate into risk assets. 1 Policy And Regulatory Normalization Regulatory clarity remains a constraint - and potential catalyst - for institutional adoption. In the US and abroad, policymakers have been advancing frameworks to clarify digital asset oversight, to standardize custody, trading, and disclosure, and to provide more guidance for institutional allocators. Proposals like the U.S. CLARITY Act (Digital Asset Market Clarity Act) - under which the Commodity Futures Trading Co...

Just_Super/E+ via Getty Images In just a few short months, investors' enthusiasm about the possibilities for AI to spur innovation and efficiency has turned into a wholesale rejection of the enterprise software sector, with mainstream headlines predicting that vibe-coded AI agents will eventually be able to displace most of the ingrained technologies that run modern businesses. We won't rehash the many ways in which this is tougher to do in practice than in principle. What investors should do now, however, is to identify decimated software stocks that are showcasing much healthier fundamentals than doomsday headlines might suggest and take advantage of the fear to buy oversold growth stocks at fantastic prices. Klaviyo ( KVYO ), a CRM platform that targets specifically B2C brands, is a great candidate in this regard after a ~60% slide in its share price over the past year. Meanwhile, the company has just released very strong Q4 results and is gearing up for a robust 2026. Data by YCharts I last wrote a "Buy" opinion on Klaviyo in early January, before the AI selloff began and when the stock was trading at $29 per share. The speed of Klaviyo's selloff doesn't dampen my enthusiasm for the stock. Klaviyo's current >30% growth pace, its rapid margin expansion, and its “Rule of 40” growth/profitability balance all help to justify a rebound in this stock while it's currently trading at oversold valuation multiples. I'm comfortable reiterating my "Buy" opinion on this stock. The first item we should discuss, before digging into the strength of Klaviyo's results, is why it would be very difficult for AI to completely take over Klaviyo's functions. CRM products are among the most prominent enterprise software tools, and they are deeply embedded into the everyday life of a company's sales organization. The value-add lies in the organization that CRM tools provide, plus the customer data that is locked in. Can AI/vibe coding create CRM-style tools? Certainly, at its heart, a C...

谷歌发布Gemini 3深度思考推理模型的升级版，来解决现代科学研究面临的挑战。

Source: Bloomberg, 4:42

Gail Slater’s departure follows feuds with senior officials over her independence during her 11 months in the role.

Apple Stock (AAPL) Sinks on Reports It Might Pushback Siri AI Launch TipRanks

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BofA Securities Maintains Taiwan Semiconductor(TSM.US) With Buy Rating, Raises Target Price to $470 富途牛牛

格隆汇2月13日｜声明显示，英国最高级别的政府官员克里斯·沃默尔德已与英国首相达成一致，将卸任。

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Sky_Blue/iStock Unreleased via Getty Images CK Hutchison ( CKHUY ) ( CKHUF ) said Thursday it has warned A.P. Moller-Maersk ( AMKBY ) ( AMKAF ) of potential legal action if the shipping company's terminal unit seeks to take charge of operations at two port terminals near the Panama Canal. The warning comes after Panama's Supreme Court invalidated CK Hutchison's ( CKHUY ) ( CKHUF ) contracts to operate the Balboa and Cristobal terminals, and Maersk ( AMKBY ) ( AMKAF ) subsidiary APM Terminals said it was willing to operate the terminals temporarily to prevent any impact on regional and global trade. CK Hutchison ( CKHUY ) ( CKHUF ) said such a takeover would result in legal recourse against APM Terminals unless it is done in agreement with the firm, and the company said last week that it was seeking "extensive damages" through arbitration against Panama's ruling. The company said it remains fully committed to ensuring its local Panama Ports unit takes all steps reasonably available to protect its employees and avoid disruptions to port operations. The decision handed a political win to President Trump's push to curb China's influence over strategic infrastructure in Latin America. More on CK Hutchison and A.P. Møller-Maersk CK Hutchison: Focus On Results Preview And Ports Disposal A.P. Møller-Maersk Q4 2025 Earnings Call Presentation Maersk: Upside From The Q3'25 Period With A Guidance Increase

Orkla press release ( ORKLY ): Q4 Non-GAAP EPS of NOK 1.74. Revenue of NOK 18.8B (+2.1% Y/Y). More on Orkla Orkla ASA (ORKLY) Q4 2025 Earnings Call Transcript Orkla ASA 2025 Q4 - Results - Earnings Call Presentation Orkla ASA (ORKLY) Presents at SEB Nordic Seminar 2026 - Slideshow Seeking Alpha’s Quant Rating on Orkla Historical earnings data for Orkla

In trading on Thursday, shares of Yamaha Mtr CO (Symbol: YAMHF) crossed below their 200 day moving average of $7.41, changing hands as low as $6.70 per share. Yamaha Mtr CO shares are currently trading down about 3.7% on the day. The chart below shows the one year performance

The charge was brought after the Council of Europe lifted his immunity, which he had as its former secretary general.

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Hickenlooper, Crow plan to donate campaign cash from Palantir execs to immigrant rights nonprofits Colorado Politics

Ted Pick earned $45 million last year as the Wall Street firm hit new records, a big jump from the previous year's $34 million

President Donald Trump ’s tariffs on foreign imports of steel will fuel mergers and acquisitions in the US metals industry this year, according to a Wells Fargo & Co. analyst. The tariffs have been a boon for domestic steelmakers who are enjoying reduced competition from cheaper imports, drawing new buyers for material produced in the US. “Just because of all these massive tariffs, that means a lot of cash flow to these companies and they have to decide what to do with it,” analyst Timna Tanners said at the CRU Tampa Steel Conference in Florida. “There’s going to be more deals.” The steel business has seen a flurry of M&A over the last two years, with Nippon Steel Corp. acquiring US Steel Corp. and Cleveland-Cliffs Inc. buying Canada’s Stelco Holdings Inc . Since then, Steel Dynamics Inc. made a rebuffed bid for Australia ’s BlueScope Steel Ltd . Cleveland-Cliffs is also in talks to establish a partnership with POSCO Holdings Inc. , South Korea’s top steelmaker. “Antitrust is also looser than in the past,” making it less likely that deals will be scuttled by regulators, Tanners said.

MOZCO Mateusz Szymanski/iStock Editorial via Getty Images CBRE Group ( CBRE ) stock was down ~13% during Thursday late morning trading after the real estate services provider reported lower GAAP earnings. The Dallas-based company reported Q4 core EPS of $2.73, up 17.7% year-over-year. Revenue stood at $11.6B, an increase of 11.8% from the same period a year ago. "We had a strong end to 2025, with fourth-quarter revenue and core earnings-per-share rising by double digits and both reaching their highest levels ever for CBRE," said CEO Bob Sulentic. "Our strength was broad-based. We saw significant gains in sales and leasing in the U.S. and much of the rest of the world, and our resilient businesses continued to post double-digit revenue growth, a trend we see continuing," added Sulentic. However, GAAP net income fell 14.6% from the prior year to $416M. GAAP EPS came in at $1.39, down from $1.58 a year ago. The decrease was attributed to a noncash impact from the buyout of CBRE's U.K. pension plan and an increase in the reserve for fire safety remediation in the U.K. development business. For 2026, CBRE expects core EPS to stand in the range of $7.30 to $7.60, ~17% growth at the midpoint. The Capital IQ consensus estimate stands at $7.49. More on CBRE CBRE Group, Inc. (CBRE) Q4 2025 Earnings Call Transcript CBRE Group, Inc. 2025 Q4 - Results - Earnings Call Presentation CBRE Group: A Good Mix Of Defensiveness And Growth CBRE targets $2B data center revenue and 17% EPS growth in 2026 while expanding AI-driven efficiencies CBRE Non-GAAP EPS of $2.73 beats by $0.05, revenue of $11.6B misses by $20M

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Award was presented as president directed Pentagon to buy billions of dollars’ worth of energy from coal plants US politics live – latest updates Donald Trump was crowned the “undisputed champion of beautiful clean coal” during a White House ceremony on Wednesday, during which the president received a trophy after ordering the US defense department to purchase billions of dollars’ worth of power from coal plants. The award was reportedly granted by the Washington Coal Club, an advocacy group with financial ties to the coal industry. Continue reading...