格隆汇2月12日｜美国财长贝森特：我预计建筑业就业岗位将继续增加。

Oil markets are awash in crude, keeping a lid on prices and squeezing drillers. For US refiners, though, the glut is proving a windfall. The big three US refiners — Marathon Petroleum , Valero Energy Corp. and Phillips 66 — all beat estimates in fourth quarter earnings results reported in recent weeks. On calls with analysts, executives signaled a profitable outlook for 2026 and the years ahead, not least because they’re set to benefit from an influx of cheaper and more readily available heavy crudes. The divergence reflects a growing imbalance in global fuel markets: demand for gasoline, diesel and jet fuel is rising faster than new refining capacity is growing, even as oil producers continue to pump more crude than the world needs. That dynamic allows refiners to buy cheaper feedstock while charging more for finished fuels. “We are very bullish,” Phillips 66 Chief Executive Officer Mark Lashier said on a Feb. 4 call with analysts. Fuel demand is set to grow in 2026, and global refining capacity additions will fall short, Lashier said. The upbeat tone is a far cry from early 2025, when President Donald Trump’s tariff uncertainty clouded the economic outlook and sparked concerns over fuel demand. At the time, the industry braced for a wave of plant closures . Since then, fuel consumption has remained resilient even as the supply glut drove oil prices lower. Brent crude, the global benchmark, is down about 10% over the past 12 months. Refining margins for America’s top fuel makers, who collectively process some 8 million barrels of oil a day, ended 2025 with profits that were about $5 a barrel higher than the fourth quarter of 2024. With fuel demand forecast to stay strong, the upward momentum for margins is likely to continue. Consultant Rapidan Energy, in its refined product outlook published Monday, said it sees little evidence of a peak in transport fuel demand. The 3-2-1 crack spread, an indicator of the profitability of producing diesel and gasoline against the...

格隆汇2月12日｜据华尔街日报，三位美国官员透露，在美国军方为可能对伊朗发动攻击做准备之际，美国国防部已指示第二个航空母舰打击群做好部署到中东的准备。一名官员表示，可能会在数小时内发布部署命令。特朗普周二表示，他正在考虑向中东派遣第二艘航母，以应对如果与伊朗的谈判失败而采取军事行动的情况。官员们提醒，特朗普尚未正式下达部署第二艘航母的命令，计划可能会有所变化。一名官员称，五角大楼正准备让一艘航母在两周内部署，可能会从美国东海岸出发。“乔治·H·W·布什号”航母正在弗吉尼亚州海岸附近进行一系列训练演习，此次部署可能会加快这些演习的进程。若第二艘航母部署至中东，这将是近一年以来中东地区首次出现两艘航母。

格隆汇2月12日｜美国财长贝森特：2025年美国经济增长率可能达到3%。

Source: Bloomberg, 5:54

格隆汇2月12日｜当地时间11日，俄罗斯国际航空公司发布公告称，该公司旗下的罗西亚航空公司自2月24日起将取消所有往返莫斯科与古巴首都哈瓦那之间的航班，恢复时间将另行通知。

Earnings Call Insights: Vertex, Inc. (VERX) Q4 2025 Management View Chris Young, President and CEO, opened his first earnings call by highlighting that "our financial results for the fourth quarter came in as expected. Revenue was $194.7 million, in line with our guidance for the quarter, while adjusted EBITDA exceeded the high end of our guidance at $42.5 million." He emphasized Vertex's "incredible blue-chip customer base," noting over 60% of the Fortune 500 as customers, and described Vertex as "trusted, reliable, flexible and has the deepest domain expertise in the industry." Young addressed challenges, stating "in 2025, we saw lower entitlement growth, a moderation of new upsell and cross-sell revenue and slightly higher customer attrition. This impacted our retention metrics." He explained that "business and market factors such as M&A and bankruptcy was the single largest driver of 2025 attrition, and this is largely uncontrollable by Vertex." He signaled a strategic focus on AI, describing a "personal goal to transform Vertex into an AI-first business, both in how we work internally and through the new capabilities we deliver to our customers." Young cited significant traction in new product offerings, sharing that "revenue from new logos remained healthy and was up 20% in 2025," and pointed to measurable momentum with "e-invoicing and smart categorization." John Schwab, CFO, stated: "In the fourth quarter, revenue was $194.7 million, up 9.1% compared to last year's fourth quarter and in line with our guidance. For the full year, total revenue was $748.4 million, up 12.2% from 2024." Schwab added, "cloud revenue was $94.6 million in the fourth quarter, up 23% from last year's fourth quarter," and reported annual recurring revenue of $671 million at quarter end, with "net revenue retention or NRR... 105%, and gross revenue retention or GRR... 94% within our targeted range." Outlook Schwab provided 2026 guidance: "For the full year of 2026, we expect revenues o...

Earnings Call Insights: BorgWarner Inc. (BWA) Q4 2025 Management View Joseph Fadool, President, CEO & Director, stated that BorgWarner delivered approximately $14.3 billion in net sales for 2025, supported by a 23% increase in light vehicle eProduct sales and growth across Foundational and light vehicle key product portfolios. He highlighted: "We significantly improved our overall financial profile by increasing the earnings power of BorgWarner. We expanded our adjusted operating margin by 60 basis points despite a 20 basis point net tariff headwind. We achieved 14% EPS growth year-over-year and generated more than $1.2 billion in free cash flow." Fadool announced a Master Supply Agreement with TurboCell, a subsidiary of Endeavour, to supply a modular turbine generator system for the data center and microgrid market, with sales expected to surpass $300 million in the first year of production beginning 2027. He emphasized, "We expect this product could open up an additional avenue of significant profitable growth outside of our core automotive markets." The company secured a series of new product awards with major global OEMs, including hybrid and BEV solutions, a new 800-volt secondary iDM contract, and a first 48-volt eXD application with a leading Chinese OEM. Craig Aaron, Executive VP & CFO, stated: "Our fourth quarter adjusted operating income was $427 million, equating to a strong 12.0% adjusted operating margin... free cash flow from continuing operations was a generation of $470 million, which drove our full year 2025 free cash flow to over $1.2 billion or a 66% increase from 2024." Outlook Craig Aaron projected total 2026 sales in the range of $14.0 billion to $14.3 billion, with an expected flat to down 3% market and an anticipated sales decline in the battery business. The 2026 organic sales change is expected to be down 3.5% to down 1.5% year-over-year, excluding battery sales decline. Aaron provided guidance: "We expect our full year adjusted operating m...

In this article ATGE Follow your favorite stocks CREATE FREE ACCOUNT Jose Luis Pelaez Inc | Digitalvision | Getty Images When Steve Beard took on the role of CEO at higher education firm Adtalem Global Education in 2021, the company was undergoing a significant strategic shift. It had identified gaps in the health-care workforce pipeline, which were expected to grow. That led Adtalem to exit its other education business units and focus solely on health-care education. In that moment, Beard said the company could have changed its name, allowing it to "claim a different positioning." However, as it looked at the increasingly fragile health-care workforce, it wanted to ensure it was a critical part of solving that problem before it planted a new flag. Last week, Adtalem announced it would be changing its name to Covista, which Beard said reflects what the company has done so far, but also what it sees ahead. "97,000 students, 385,000 alumni, and 24,000 health-care students graduated every year," Beard said. "We're only getting started; there's a tremendous opportunity to continue to extend this platform, to grow the scale of these institutions, to bring even more day-one-ready talent to U.S. health care, but also to have a more definitive voice in the role that plays in care delivery in the U.S." Those student numbers position Covista as a critical player on the health-care landscape in the U.S. The 24,000 health-care professionals that graduate every year from its schools is more than any institution and represents roughly 10% of America's nurses. Covista also educates twice as many MDs as any MD-granting school in the U.S. and is the No. 1 provider of doctors of veterinary medicine to the U.S., according to its data. Covista's health-care ambitions Beard said the company worked through several ideas of how a new name could help tell the story. "I'm not a marketer by training, I don't come out of a creative background, so it was fascinating to watch the naming process...

Silver's historical rally had a recent setback, but now may be the time to buy the dip. After hitting an all-time high in January, the price of silver plummeted almost 33% in recent weeks. A historic rally in 2025 sent the price of the white metal from about $31 an ounce in January 2025 to $115 an ounce in January of this year. But silver plummeted back to $77 between Jan. 20 and Feb. 5. Market analysts attribute the drop to several factors, including a brief move higher for the dollar (precious metals tend to move in the opposite direction of the dollar), weaker demand for silver at the high price level, and concerns about the AI boom, which had helped drive the price higher in recent months. There has also been a wave of speculative buying of silver in China, which made the price of silver more volatile than usual and set it up for a sudden plunge. Silver's price tends to be more volatile than gold because the market for it is smaller. The price of silver rebounded a bit in recent days and is back above $80 an ounce, but that's still significantly below the recent highs. That raises the question: Is now the time to buy the dip? I believe it is. That's because the fundamentals for a silver rally remain in place despite the recent volatility. A weaker dollar and lower interest rates should support a silver rally First, there's the dollar. Its price has been falling steadily over the past year (despite a recent uptick) as the Federal Reserve cut interest rates and the Trump administration made its preference for a weaker dollar quite clear. That dollar trend, which should push precious metals higher, looks likely to continue. Futures traders are pricing at least two more cuts by the Fed this year, but with Trump's new pick for the Fed likely to take office within months, I think the Fed will cut its target rate more aggressively. Indeed, Fed Chair nominee Kevin Warsh, once a monetary hawk, has been advocating for a steeper rate cut path. Plus, silver has become an AI...

Micron Stock Pops as Morgan Stanley Raises Price Target to $450 GuruFocus

【快訊】農曆新年｜入境處：假期料約1,138萬人次進出香港

百濟神州：2025年第四季度及全年財務業績公佈日期及董事會行動通告 富途牛牛

格隆汇2月12日｜美国食品药品监督管理局（FDA）：莫德纳(MRNA.O)违背FDA职业科学家的建议，向65岁及以上参与者提供了低于标准的护理，使他们面临严重疾病风险增加的危险。

Google is adding shopping features to its AI search and Gemini chatbot, as tech companies look for more ways to make money from their AI tools. Vidhya Srinivasan, Google's vice president and general manager of Ads and Commerce, speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)

格隆汇2月12日｜据华尔街日报：三名美国官员透露，美国国防部已指示第二个航空母舰打击群做好部署到中东的准备，美军正在为可能对伊朗发动的袭击做准备。一位官员称，部署命令可能在数小时内下达。

Eoneren/iStock via Getty Images Listen here or on the go via Apple Podcasts and Spotify Retirement Income Warrior David Alton Clark discusses his 3 income and 2 growth portfolios (1:00) Stock specific examples of winners and losers (4:20) High yielding stocks = risk for capital loss (7:25) Taking profits in growth (9:00) Fed's hawkish statement, unemployment data critical (12:45) Making a mistake on Freeport-McMoRan (19:50) Tax loss harvesting (23:00) Transcript Rena Sherbill: Welcome back to the show, David Alton Clark, very happy to have you back on Investing Experts. Thanks for making the time and coming back on . David Alton Clark: It's great to be here and it's always nice to see you, Rena. Rena Sherbill: Likewise, David and we have some interesting and exciting news for your subscribers, who already know that you had a recent name change for your Investing Group. It's now known as the Retirement Income Warrior. I'm interested, are you more focused on retirement or is the name just more reflective of the content that you already had? David Alton Clark: It's more reflective of the content. It better describes the service itself. And we had a marketing makeover. And the SEO for that name is way better than the Winter Warrior Investor, which really doesn't give you an idea of what we're really focused on. So it's not any change to the focus of the service, but it better reflects our objective of the service. Rena Sherbill: Makes sense. So talk to us a little bit about what your focus is on and what you talk about in your service specifically and how you invest, how you're analyzing the markets. David Alton Clark: Yes, it's all about creating a stable flow of retirement income and it's a little bit of a unique strategy that was developed by my father and it worked very well. I have three different income portfolios divided by risk level from 5% to 12%. And then I also have two growth portfolios, a quality growth portfolio and speculative growth portfolio, which I c...

Mesa 26.0 Brings Ray Tracing Updates for AMD Radeon on Linux VideoCardz.com

Getty Images Three years ago, Koji Sato, a mechanical engineer by training, was tapped for the role of Toyota Motor Corporation ( TM ) President/CEO, replacing Akio Toyoda, grandson of the automaker’s founder. Sato had been leader of the Lexus brand and Toyota’s Gazoo racing subsidiary – a quintessential “car guy.” Toyota, a staid and conservative organization, has performed well during Sato’s tenure. Simultaneously, the global automotive industry has suddenly been roiled by the rapid disruptive advent of digital and software technology, the slowdown of battery-electric vehicle (BEV) uptake in North America, the rise of AI, and steep import tariffs in the U.S. Koji Sato, left, and Kenta Kon (Toyota Motor) Additionally, the swift growth of the Chinese auto industry in overseas markets has forced Toyota, as well as other incumbents, to focus on a competitive response to what could prove to be an existential threat and to marshal financial resources needed for its execution. Kenta Kon, Toyota’s former chief financial officer, was suddenly, last month, and with little warning, tapped by Toyota’s board to replace Sato. Kon describes himself as principally a “money guy,” devoted to financial efficiency and profit. Industry Leader Sato moves to a new role as vice chairman and may soon lead Japan’s automotive industry trade group, a powerful advisory board to the government. Normally, the hasty change of CEOs – especially at a large and successful company – would imply scandal or a health scare; Toyota and the principals have said publicly the need for stronger earnings necessitated the switch. Along with the management changes, TM reported fiscal third-quarter 2026 earnings per share of $6.26, which missed the Zacks Consensus Estimate by 4.28% and decreased from $9.98 reported in the year-ago quarter. Consolidated revenues came in at $87.36 billion, which grew from $81.35 billion in the year-ago quarter. Earnings were adversely affected by U.S. tariffs. Toyota also updated...

US stocks pulled back from early gains to wobble on Wednesday, as investors digested a January jobs report that blew past expectations on a monthly basis — signaling resilience in the labor market and bolstering the case for interest rates to stay on hold — while showing a heavily revised 2025. The blue chip-focused Dow Jones Industrial Average (^DJI) fell below the flatline while the S&P 500 (^GSPC) gained 0.1%. The tech-heavy Nasdaq Composite (^IXIC) fell slightly after three indexes had gained steam in the early going. After a bruising recent run of labor market data, the unexpectedly strong "Super Bowl of jobs reports" showed the US economy added 130,000 positions in January, the Bureau of Labor Statistics data showed on Wednesday, and the unemployment rate ticked down slightly to 4.3% from 4.4%. However, the bullish monthly data was counterbalanced by heavy revisions to 2025 numbers, which brought the year's payrolls growth at 181,000, down from the previously reported 584,000 additions. That represents the weakest annual job growth since 2003, outside of a recession. Wednesday's surprise is feeding into bets on Federal Reserve rate cuts, which had been bolstered by soft December retail data that revealed fresh signs of weakness in the economy. Markets are now pricing in a bigger possibility that the Fed will hold rates steady in the coming months, with over 40% expecting the central bank to now stand pat through June. Most traders are still pricing in two cuts by the end of the year. Earnings season could provide further insight into the American consumer as well as Corporate America, with McDonald's (MCD) reporting after the bell, while Kraft Heinz (KHC) said in its earnings release Tuesday morning that it would pause its spin-off plans. After the market close, Cisco's (CSCO) quarterly report comes as the tech stalwart takes on Nvidia (NVDA) for Big Tech spending with a new AI networking chip. LIVE 17 updates

Why Astera Labs Stock Is Plummeting Today The Globe and Mail

Fee-conscious investors and those seeking wider bond diversification face distinct trade-offs in these two ETF strategies. The key differences between Vanguard Intermediate-Term Treasury ETF (NASDAQ:VGIT) and Fidelity Investment Grade Bond ETF (NYSEMKT:FIGB) are cost, yield, portfolio breadth, and historical risk -- VGIT is cheaper and steadier, while FIGB offers a modestly higher payout and broader bond exposure. Expand NASDAQ : VGIT Vanguard Scottsdale Funds - Vanguard Intermediate-Term Treasury ETF Today's Change ( -0.18 %) $ -0.11 Current Price $ 59.97 Key Data Points Day's Range $ 59.91 - $ 60.04 52wk Range $ 57.79 - $ 60.57 Volume 1.9M Both VGIT and FIGB target investors seeking core U.S. fixed income exposure, but they approach it differently. VGIT focuses solely on intermediate-term U.S. Treasury bonds, while FIGB covers a broader swath of high-grade U.S. bond sectors. This comparison unpacks how each fund stacks up across cost, performance, risk, and portfolio construction. Snapshot (cost & size) Metric VGIT FIGB Issuer Vanguard Fidelity Expense ratio 0.03% 0.36% 1-yr return (as of 2026-02-10) 1.7% 2.8% Dividend yield 3.8% 4.1% AUM $44.6 billion $354.6 million Beta 0.82 1.01 Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-year return represents total return over the trailing 12 months. VGIT is significantly more affordable, with an expense ratio of just 0.03% compared to FIGB’s 0.36%. FIGB offers a slightly higher dividend yield of 4.1% versus VGIT’s 3.8%, which may appeal to income-focused investors willing to pay higher fees. Performance & risk comparison Metric VGIT FIGB Max drawdown (4 y) (13.4%) (15.6%) Growth of $1,000 over 4 years $1,056 $1,050 What's inside The Fidelity Investment Grade Bond ETF invests across 707 positions in high-grade U.S. bonds, including corporates and government debt. The fund has operated for 4.9 years and is currently concentrated in government bonds, accountin...

格隆汇2月12日｜美国总统特朗普在社交媒体上表示：我刚刚与以色列总理内塔尼亚胡及其多位代表进行了会谈。此次会议非常顺利，我们两国之间的紧密关系持续发展。除了我坚决要求与伊朗的谈判继续进行，看看是否能够达成协议外，会议上没有达成任何决定。如果能够达成协议，我已告知总理那将是优先选择。如果无法达成协议，我们只能拭目以待。上次伊朗认为不达成协议对他们更有利，结果他们遭遇了午夜铁锤——这对他们并不好。希望这次他们会更加理性和负责任。此外，我们还讨论了加沙地区以及整个地区取得的巨大进展。中东地区确实实现了和平。