过去一周，马斯克旗下 AI 公司 xAI 上演了一场人事大地震。 12 个联合创始人走了一半，至少 9 名工程师公开宣布离职，甚至连负责推理和研究安全的核心高管 Tony Wu、Jimmy Ba 都发帖告别，并在 X 平台上引发 一场「I left xAI（我离开 xAI）」模仿风潮。 对此，马斯克的回应很官方：xAI 公司规模化必经的组织重组。 但离职员工的措辞却暗藏玄机。有人说想用小团队做大事...
过去一周，马斯克旗下 AI 公司 xAI 上演了一场人事大地震。 12 个联合创始人走了一半，至少 9 名工程师公开宣布离职，甚至连负责推理和研究安全的核心高管 Tony Wu、Jimmy Ba 都发帖告别，并在 X 平台上引发 一场「I left xAI（我离开 xAI）」模仿风潮。 对此，马斯克的回应很官方：xAI 公司规模化必经的组织重组。 但离职员工的措辞却暗藏玄机。有人说想用小团队做大事，有人觉得「所有 AI 实验室都在做一样的东西，太无聊」，还有三个人直接组队创业去了。 所以问题来了，到底是这些联合创始人已经不适合 xAI，还是 xAI 的方向出现了问题？ 时间线里藏着的秘密 据《纽约时报》报道，几天前，马斯克在全员大会上给出解释。 因为我们已经到了一个新的规模阶段，所以我们正在调整组织架构，让公司在这个规模下更高效地运作。实际上，当出现这种情况时，有些人更适合公司的早期阶段，而不太适合后期阶段。 翻译一下就是，离开的员工已经不够快，不够适配 xAI 了。 几小时后，他又在 X 上补充： xAI 几天前重组了，为了提高执行速度。公司快速成长时，组织结构必须像生命体一样进化。不幸的是，这需要与一些人分道扬镳。 停之停之，马斯克用了「不幸」这个词，但语气里没什么不幸，并且他还直接在线 BOOS 直聘： 「如果你对在月球上建电磁弹射器感兴趣，就加入 xAI。」 而如果翻阅目前 xAI 的离职名单，最引人注目的莫过于两位联合创始人。Tony Wu 负责推理方向，离职时发了段很文艺的话： 「这是充满可能性的时代，一个配备 AI 的小团队可以移山填海。」 Jimmy Ba 是研究和安全负责人，他的措辞更激进： 「递归自我改进循环很可能在未来 12 个月内上线。是时候从宏观层面重新校准我的梯度了。2026 会非常疯狂。」 还有个细节值得玩味。前 xAI 工程师 Roland Gavrilescu 去年离职创办了 Nuraline，做前置部署的 AI 智能体。结果 2 月 11 日他又发帖说，离开 Nuraline 了，要和其他离开 xAI 的人做新东西。 表面上看，马斯克把一切归结为规模化必然。但多位工程师跟着联合创始人一起走，这事显然没那么简单。其中有几个时间点值得注意。 2 月 6 日，工程师 Ayush Jaiswal 说：「这是我在 xAI 的最后一周。」 2...
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Lawsuits aren't cheap. Shares of Zillow Group (ZG 17.13%)(Z 16.75%) sank on Wednesday after the real estate marketplace said legal costs would be a drag on its earnings in 2026. By the close of trading, Zillow's stock price was down roughly 17%. Zillow's ancillary businesses are performing well Zillow's revenue rose 18% year over year to $654 million in the fourth quarter. The gains were fueled by...
Lawsuits aren't cheap. Shares of Zillow Group (ZG 17.13%)(Z 16.75%) sank on Wednesday after the real estate marketplace said legal costs would be a drag on its earnings in 2026. By the close of trading, Zillow's stock price was down roughly 17%. Zillow's ancillary businesses are performing well Zillow's revenue rose 18% year over year to $654 million in the fourth quarter. The gains were fueled by a 45% jump in the company's rental revenue, to $168 million, and a 39% increase in mortgage revenue to $57 million. "Consumers are increasingly choosing Zillow to help them move from discovery to transacting," CEO Jeremy Wacksman and CFO Jeremy Hofmann said in a letter to shareholders. Expand NASDAQ : ZG Zillow Group Today's Change ( -17.13 %) $ -9.32 Current Price $ 45.10 Key Data Points Market Cap $13B Day's Range $ 43.80 - $ 52.27 52wk Range $ 43.80 - $ 90.22 Volume 3.1M Avg Vol 828K Gross Margin 74.87 % Zillow's profitability also improved. Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) climbed 33% to $149 million. Legal costs could weigh on earnings in 2026 Investors, however, appeared to focus more on Zillow's guidance. Management expects revenue of $700 million to $710 million in the first quarter, with adjusted EBITDA of $160 million to $175 million. That was below Wall Street's expectations, which had called for adjusted EBITDA of about $184 million. Zillow said legal expenses related to several ongoing lawsuits are likely to reduce its adjusted EBITDA margin by 2 percentage points in the first quarter. "We are confident in our positions and approach, and we do not expect these matters to have a material impact on our financial position or long-term strategy," Wacksman and Hofmann said.
Image source: The Motley Fool. Wednesday, February 11, 2026 at 4:30 p.m. ET CALL PARTICIPANTS Chief Executive Officer — Brian Lian Chief Financial Officer — Gregory Zante Chief Commercial Officer — Neil Aubuchon Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Research and Development Expenses -- $153.5 million for the quarter, up from $31 million, driven by Phase III tri...
Image source: The Motley Fool. Wednesday, February 11, 2026 at 4:30 p.m. ET CALL PARTICIPANTS Chief Executive Officer — Brian Lian Chief Financial Officer — Gregory Zante Chief Commercial Officer — Neil Aubuchon Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Research and Development Expenses -- $153.5 million for the quarter, up from $31 million, driven by Phase III trial expenses, stock-based compensation, and increased headcount. -- $153.5 million for the quarter, up from $31 million, driven by Phase III trial expenses, stock-based compensation, and increased headcount. General and Administrative Expenses -- $11.3 million for the quarter, down from $15.3 million due to lower legal and patent services costs, with higher stock-based compensation noted. -- $11.3 million for the quarter, down from $15.3 million due to lower legal and patent services costs, with higher stock-based compensation noted. Net Loss -- $157.7 million, or $1.38 per share, compared to $35.4 million, or $0.32 per share, reflecting expanded R&D activities. -- $157.7 million, or $1.38 per share, compared to $35.4 million, or $0.32 per share, reflecting expanded R&D activities. Year-End Cash Position -- $706 million at December 31, after a $197 million decrease from the previous year. -- $706 million at December 31, after a $197 million decrease from the previous year. Phase III VANQUISH-1 Enrollment -- Fully enrolled ahead of schedule, exceeding the 4,500-patient target. -- Fully enrolled ahead of schedule, exceeding the 4,500-patient target. Phase III VANQUISH-2 Enrollment -- Nearing completion for the approximately 1,100-patient obesity and type 2 diabetes study cohort. -- Nearing completion for the approximately 1,100-patient obesity and type 2 diabetes study cohort. Phase II VENTURE Study Results -- Statistically significant mean body weight reduction up to 14.7% after 13 weeks for subcutaneous VK2735. -- Statistically significant mean body weight reduction up to 14...
Salesforce (NYSE:CRM) has reportedly cut part of its workforce and reshuffled its executive leadership in recent weeks, affecting fewer than 1,000 employees and bringing new leaders to key business units. The layoffs took place earlier this month and impacted teams across marketing, product and data, Business Insider reported on Tuesday, citing people familiar with the matter. Don't Miss: The AI M...
Salesforce (NYSE:CRM) has reportedly cut part of its workforce and reshuffled its executive leadership in recent weeks, affecting fewer than 1,000 employees and bringing new leaders to key business units. The layoffs took place earlier this month and impacted teams across marketing, product and data, Business Insider reported on Tuesday, citing people familiar with the matter. Don't Miss: The AI Marketing Platform Backed by Insiders from Google, Meta, and Amazon — Invest at $0.85/Share This investment firm leverages expert insights and a 2.40x net equity multiple to help accredited investors capitalize on 2026 multifamily market trends—read the full forecast now. At the same time, the cloud software company has appointed six new or promoted executives to lead businesses, including Agentforce and Slack, replacing five high-profile leaders who have announced their departures since December, according to a separate report by the publication. Salesforce, which has not publicly disclosed the layoffs, did not immediately respond to Benzinga’s request for comments. AI And Job Cuts The job cuts come as many tech companies trim staff while expanding their use of artificial intelligence, which is beginning to replace some routine work and reduce the need for certain roles. In 2025, AI was cited as a reason for more than 54,000 layoffs, according to a December report from the consulting firm Challenger, Gray & Christmas. See Also: Blue-chip art has historically outpaced the S&P 500 since 1995, and fractional investing is now opening this institutional asset class to everyday investors. Amazon.com Inc (NASDAQ:AMZN) laid off 16,000 workers in January, following 14,000 job cuts in October. In September 2025, Salesforce cut 4,000 customer support jobs. CEO Marc Benioff confirmed the move on the Logan Bartlett Podcast, saying the firm’s support team had been reduced from 9,000 to 5,000 employees. What’s Going On With CRM Stock? Salesforce shares closed up 1.4% at $194.03 on Monday,...
WhatsApp said Russia’s government has moved to “fully block” its popular encrypted messaging service in the country as part of an effort to drive adoption of a new, state-sponsored app. WhatsApp, which is owned by Meta Platforms Inc. , said in a statement on Wednesday it was doing everything it could to keep its more than 100 million Russian users connected. The Financial Times reported that milli...
WhatsApp said Russia’s government has moved to “fully block” its popular encrypted messaging service in the country as part of an effort to drive adoption of a new, state-sponsored app. WhatsApp, which is owned by Meta Platforms Inc. , said in a statement on Wednesday it was doing everything it could to keep its more than 100 million Russian users connected. The Financial Times reported that millions of people in the country were abruptly cut off from WhatsApp. Russia’s government has been promoting the use of a state-run “super-app” called Max, modeled after China’s WeChat, at the same time as it has choked off access to foreign messenger services. In addition to messaging, Max hosts government services and enables document storage, banking and other public and commercial programs. Telegram, another popular foreign-owned messaging app, has also been hit by efforts to limit its access. Russia’s communications watchdog, Roskomnadzor, planned to limit access to the app this week, the RBC news service reported, citing people familiar with the situation it didn’t identify. Read More: Telegram CEO Fights Back on Russia’s Attempt to Restrict Access
Bloomberg WhatsApp said Russia’s government has moved to “fully block” its popular encrypted messaging service in the country as part of an effort to drive adoption of a new, state-sponsored app. WhatsApp, which is owned by Meta Platforms Inc., said in a statement on Wednesday it was doing everything it could to keep its more than 100 million Russian users connected. The Financial Times reported t...
By Karen Freifeld and Jasper Ward WASHINGTON, Feb 11 (Reuters) - The U.S. Department of Commerce on Wednesday unveiled a $252 million settlement with Applied Materials to resolve the company's alleged illegal exports of U.S. semiconductor manufacturing equipment to China. The penalty is the second highest ever imposed by the department's Bureau of Industry and Security. "The Bureau of Industry ...
By Karen Freifeld and Jasper Ward WASHINGTON, Feb 11 (Reuters) - The U.S. Department of Commerce on Wednesday unveiled a $252 million settlement with Applied Materials to resolve the company's alleged illegal exports of U.S. semiconductor manufacturing equipment to China. The penalty is the second highest ever imposed by the department's Bureau of Industry and Security. "The Bureau of Industry and Security is strongly committed to safeguarding sensitive American technologies and deterring wrongdoers," said Jeffrey Kessler, the undersecretary of commerce for industry and security. "When companies export their products around the world, they must follow the law or face stiff penalties." In 2023, Reuters reported that the company was under U.S. criminal investigation for potentially evading export restrictions on China's top chipmaker, Semiconductor Manufacturing International Corporation (SMIC). In documents released on Wednesday, the Commerce Department accused Applied Materials of engaging in conduct banned by the Export Administration Regulations, which sets U.S. export guidelines and prohibitions, on 56 occasions. The company re-exported or attempted to export equipment with a value of about $126 million to SMIC, according to the department. (Reporting by Karen Freifeld and Jasper Ward; Additional reporting by Ismail Shakil; Editing by Muralikumar Anantharaman and Thomas Derpinghaus)
mesh cube/iStock via Getty Images While the S&P 500 ( SPY ) and NASDAQ ( QQQ ) have been on tremendous bull runs since 2023, there are three historically reliable warning signs emerging simultaneously that indicate that the market could be due for a significant correction in the near future. While I am not a market timer and I'm not predicting a correction in the near term, I do think it is import...
mesh cube/iStock via Getty Images While the S&P 500 ( SPY ) and NASDAQ ( QQQ ) have been on tremendous bull runs since 2023, there are three historically reliable warning signs emerging simultaneously that indicate that the market could be due for a significant correction in the near future. While I am not a market timer and I'm not predicting a correction in the near term, I do think it is important that investors, especially more risk-averse ones, keep these risks in mind and monitor them closely as they build their portfolios today. In this article, I will detail these and share how I am positioning my portfolio in the current environment. The S&P 500’s Most Dangerous Valuation Setup In Decades The first warning sign is that valuations and equity exposure are at stretched levels. In fact, the S&P 500 has gotten so overvalued that Howard Marks recently pointed out that J.P. Morgan research reveals that whenever the S&P 500 has reached its current valuation level, the next decade has always yielded real annualized total returns of around 0%. Additionally, there are numerous other metrics that indicate the S&P 500 is significantly overvalued right now. Margin Debt At Extreme Levels: A Classic Late-Cycle Warning Not only that, but the positioning of market participants is also indicating a very bullish, if not complacent, market sentiment. For example, household allocation to equities has reached near-record levels , and this has typically indicated that the market is late in a bull-run cycle. This makes sense simply because, from a mechanical perspective, the more people in the market, the greater the number that could be pulling out, or at the very least withdrawing their positions relative to new entrants and new additions being made. Not only that, but margin debt is at elevated levels. This typically indicates that investors are feeling too optimistic about the market and, should sentiment turn, could lead to an outsized downturn as investors flee to safety by c...
(RTTNews) - The Indonesia stock market has moved higher in three straight sessions, advancing almost 225 points or 2.9 percent in that span. The Jakarta Composite Index now rests just above the 7,850-point plateau although it may spin its wheels on Monday. The global forecast for the Asian markets is soft, with geopolitical concerns in the Middle East likely to weigh. The European and U.S. markets...
(RTTNews) - The Indonesia stock market has moved higher in three straight sessions, advancing almost 225 points or 2.9 percent in that span. The Jakarta Composite Index now rests just above the 7,850-point plateau although it may spin its wheels on Monday. The global forecast for the Asian markets is soft, with geopolitical concerns in the Middle East likely to weigh. The European and U.S. markets were mostly lower and the Asian markets figure to open in similar fashion. The JCI finished sharply higher on Friday following gains from the financial shares, cement companies and resource stocks. For the day, the index rallied 106.16 points or 1.37 percent to finish at 7,854.06 after trading between 7,790.79 and 7,854.81. Among the actives, Bank CIMB Niaga collected 0.59 percent, while Bank Mandiri improved 0.89 percent, Bank Danamon Indonesia sank 0.79 percent, Bank Negara Indonesia rallied 2.26 percent, Bank Central Asia advanced 0.96 percent, Bank Rakyat Indonesia spiked 2.45 percent, Indosat Ooredoo Hutchison shed 0.53 percent, Indocement accelerated 2.51 percent, Semen Indonesia soared 3.24 percent, Indofood Sukses Makmur climbed 1.00 percent, United Tractors dipped 0.19 percent, Astra International jumped 2.25 percent, Energi Mega Persada strengthened 2.52 percent, Astra Agro Lestari added 0.68 percent, Aneka Tambang gained 2.95 percent, Vale Indonesia slumped 1.66 percent, Timah surged 4.65 percent and Bumi Resources increased 1.85 percent. The lead from Wall Street offers little clarity as the major averages opened mixed on Friday and closed on opposite sides of the line. The Dow dropped 273.78 points or 0.59 percent to finish at 45,834.22, while the NASDAQ gained 98.03 points or 0.44 percent to close at 22,141.10 and the S&P 500 dipped 3.18 points or 0.05 percent to end at 6,584.29. For the week, the NASDAQ surged 2.0 percent, while the S&P 500 shot up 1.6 percent and the Dow jumped 1.0 percent. The mixed performance on Wall Street came as traders looked ahead t...
One of the rewarding aspects about practice at the Hong Kong Bar is that one gets to learn many new things. Conducting litigation well involves delving deep into the relevant facts. We therefore get to learn about different industries and different trust or corporate structures all the time. By the same token, doing divorce cases often requires us to study the background to a divorce, and how a fa...
One of the rewarding aspects about practice at the Hong Kong Bar is that one gets to learn many new things. Conducting litigation well involves delving deep into the relevant facts. We therefore get to learn about different industries and different trust or corporate structures all the time. By the same token, doing divorce cases often requires us to study the background to a divorce, and how a family has conducted itself in the lead-up to the breakdown of a marriage. There is some truth in Tolstoy’s observation that all happy families are alike, but each unhappy family is unhappy in its own way. For a long time in the history of the common law, however, the secular courts actually had very little to do with divorce. It was the domain of canon law and the ecclesiastical courts. The most famous divorces in English legal history were probably those of Henry VIII, but those were in fact effected by way of a number of contrived interpretations of canon law. Advertisement The Archbishop of Canterbury at the time, Thomas Cranmer, preferred a more honest approach and proposed a set of reforms of the canon laws of England, enabling divorce on the more modern grounds of adultery, cruelty, desertion or bitter enmity. But after Henry VIII obtained his divorce, the reforms were shelved. They did not materialise for another 300 years. It was only in 1857 that the Court for Divorce and Matrimonial Causes was established in England, and the divorce jurisdiction of the Church courts was abolished. Advertisement Nowadays it is much easier to get a divorce across the common law world. Yet in Hong Kong, divorce is still not a wholly unbridled right. Even if both parties agree, without a “fault-based ground” such as adultery or unreasonable behaviour, they must live apart for a continuous period of at least a year before they can obtain a divorce. Hence, in real-life practice, there are still contested petitions, meaning that a party does not agree to a divorce and requires the petitio...
BBC Food Andrew Mountbatten-Windsor features on the front pages of many of Thursday's papers, with the Mail writing "now detectives discuss Andrew 'leaks' to [Jeffrey] Epstein with prosecutors". The paper headlines on "Labour women's fury over second paedophile crisis". Prime Minister Sir Keir Starmer was "skewered" in the Commons for awarding a peerage to his former communications chief, Matthew ...
BBC Food Andrew Mountbatten-Windsor features on the front pages of many of Thursday's papers, with the Mail writing "now detectives discuss Andrew 'leaks' to [Jeffrey] Epstein with prosecutors". The paper headlines on "Labour women's fury over second paedophile crisis". Prime Minister Sir Keir Starmer was "skewered" in the Commons for awarding a peerage to his former communications chief, Matthew Doyle, "despite knowing he had stayed friends with a Labour councillor charged with child sex-offences". Sir Keir has said Lord Doyle "did not give a full account" over his links to a convicted sex offender.
keni1/iStock via Getty Images President Trump signed an executive order late Wednesday that seeks to boost the U.S. coal industry, committing the federal government to pursue long-term agreements to purchase electricity generated by coal. The order directs the Department of War to enter agreements to purchase electricity from coal power plants to support U.S. military operations. Trump also announ...
keni1/iStock via Getty Images President Trump signed an executive order late Wednesday that seeks to boost the U.S. coal industry, committing the federal government to pursue long-term agreements to purchase electricity generated by coal. The order directs the Department of War to enter agreements to purchase electricity from coal power plants to support U.S. military operations. Trump also announced the Department of Energy will provide six coal plants in Kentucky, North Carolina, Ohio, Virginia, and West Virginia with a combined $175M to upgrade their facilities. Peabody Energy ( BTU ) +4.5 % post-market; Jim Grech, attending the signing event at the White House, said the company was "working with the administration on the potential to build new coal-fueled power plants." Peabody ( BTU ) gained 2.2% in Wednesday's regular trading; also, Alliance Resource Partners ( ARLP ) closed +3.8%, Ramaco Resources ( METC ) +3%, Core Natural Resources ( CNR ) +1.8%, Alpha Metallurgical Resources ( AMR ) +0.5%, Warrior Met Coal ( HCC ) +0.4%. The president also said the Tennessee Valley Authority, the largest U.S. public utility, will delay the closure of two of its older coal-fired power plants in Tennessee; the TVA's Cumberland coal plant was expected to see one unit retire in 2026 and another in 2028, and the Kingston facility was set to retire in 2027. Trump's actions were criticized by environmentalists and climate groups, with advocacy group Public Citizen saying, "This taxpayer boondoggle does nothing to make energy more affordable, as it puts the American people on the financial hook for some of the most expensive and polluting power plants around." ETFs: ( COAL ) More on Peabody Energy and Alliance Resource Partners Peabody Energy: Decent Q4 2025 And Centurion Ahead Of Schedule (Downgrade) Peabody Energy: Current Valuation Hard To Justify. Sell Or Stay Away! Alliance Resource: Betting On The Sustained Porfitability Hike
Hong Kong’s pressing demographic challenges demand tailored, well-considered civil service policies. However, the proposal put forward in recent Legislative Council debates on population policy to raise the retirement age for all civil servants to 65 offers no viable solution to these issues. This one-size-fits-all approach overlooks the civil service’s flexible retirement frameworks and works aga...
Hong Kong’s pressing demographic challenges demand tailored, well-considered civil service policies. However, the proposal put forward in recent Legislative Council debates on population policy to raise the retirement age for all civil servants to 65 offers no viable solution to these issues. This one-size-fits-all approach overlooks the civil service’s flexible retirement frameworks and works against the government’s goals of streamlining and modernising the public sector. It risks undermining the long-term vitality of the civil service by stunting the career progression of young talent. Instead, any reform must be rooted in on-the-ground realities and aligned with the government’s proven civil service manpower strategy Advertisement As Secretary for the Civil Service Ingrid Yeung Ho Poi-yan noted in her remarks to the Legislative Council, Hong Kong’s civil service has adapted to demographic shifts with targeted retirement age reforms: over a decade ago, the government aligned civil service manpower with labour force goals amid ageing trends; 70 per cent of current civil servants have a retirement age of 65 for civilian roles or 60 for the disciplined services. A universal retirement age of 65 thus seeks to fix a largely resolved problem, rendering the phased reforms the government has spent years implementing redundant. Moreover, departments already have full flexibility to manage staffing through existing employment extension measures, which enable them to retain talent where required. These frameworks are not broken; there is no need to replace them with a one-size-fits-all mandate. Advertisement The universal retirement age hike clashes with the administration’s core civil service strategic goals of streamlining the public sector and prioritising quality over quantity.
Andranik Hakobyan/iStock via Getty Images Market Overview Securitized products posted positive total and excess returns in 4Q, outperforming corporate bonds on both measures. In fact, agency mortgage-backed securities ( MBS ) led the market as the best-performing domestic fixed income asset class. We continue to favor higher-rated, more conservative tranches given the limited spread pickup in more...
Andranik Hakobyan/iStock via Getty Images Market Overview Securitized products posted positive total and excess returns in 4Q, outperforming corporate bonds on both measures. In fact, agency mortgage-backed securities ( MBS ) led the market as the best-performing domestic fixed income asset class. We continue to favor higher-rated, more conservative tranches given the limited spread pickup in more credit-sensitive segments. We increased our allocations to agency MBS this year, reaching the highest exposures in years. We are selectively evaluating transactions lower in the capital stack where we see potential opportunities. Our team remains active in both primary and secondary markets, adding exposure where wider spreads offer attractive value. Over the quarter, we modestly reduced our exposure to asset-backed securities (ABS) and non-agency residential mortgage-backed securities (R MBS ) in favor of MBS primarily due to valuations, as fundamentals remain intact. Our commercial mortgage-backed securities strategy remains cautious and highly selective. On a spread basis, securitized products continue to trade wider than corporate bonds, and we think this incremental spread may support stronger total returns versus short- and intermediate-duration corporates. Sector Performance The Fund has significant exposure to ABS—its allocation to ABS returned 1.11% for the quarter. In 4Q, ABS regained momentum, with prices and spreads rallying and returns outpacing short corporate bonds. Strong new issuance was easily absorbed by the market, and the market brushed off a subprime auto issuer default early in the quarter as an isolated event. Demand for risk tranches stayed strong. The Fund's other large exposure is RMBS—its allocation to RMBS returned 1.36% for the quarter. Heavy new issuance weighed on this sector, resulting in weaker performance than agency MBS. Firm mortgage credit and fundamentals still make RMBS an attractive source of potential income in 2026, in our view. F...
India’s renewable energy stocks are starting to shake off their status as stragglers after President Donald Trump ’s surprise trade deal with the nation. Since the accord was unveiled last week, some of the country’s clean power stocks have ranked among the top gainers on a Bloomberg gauge of global peers after kicking off the year as laggards. Solar-energy firms Insolation Energy Ltd. and Oriana ...
India’s renewable energy stocks are starting to shake off their status as stragglers after President Donald Trump ’s surprise trade deal with the nation. Since the accord was unveiled last week, some of the country’s clean power stocks have ranked among the top gainers on a Bloomberg gauge of global peers after kicking off the year as laggards. Solar-energy firms Insolation Energy Ltd. and Oriana Power Ltd. have both surged more than 24% in February, recouping most of January’s losses. Strategists and fund managers are assessing whether the rebound can sustain. The trade agreement halves tariffs on Indian goods to 25%, with a further cut to 18% once an interim deal is signed. The lower levies reopen the world’s largest economy to the South Asian nation and helps ease concerns about oversupply at home. “We’re seeing renewed interest in India broadly and in the energy transition in India, specifically, post-trade deal,” said Aniket Shah , head of sustainability and transition strategy at Jefferies Group LLC . The sector had been under pressure for months. Companies grappled with fears of a solar supply glut and slowing exports as Chinese producers undercut prices, and delays in building transmission infrastructure. Even so, the industry pushed ahead with expansion plans to meet Prime Minister Narendra Modi ’s pledge to boost clean power capacity to 500 gigawatts by 2030 and reduce reliance on fossil fuels. Pricey valuations have also tempered enthusiasm. Adani Green Energy Ltd ., one of India’s biggest renewable energy producers, trades at 42 times forward earnings, data compiled by Bloomberg show. JSW Energy Ltd. and HBL Engineering Ltd. fetch multiples of about 30 times, versus 22 times for Bloomberg’s global sector gauge. While some companies have been richly valued based on long-term prospects, execution issues are prompting investors to rethink how much they are willing to pay up for potential growth, said David Smith , senior investment director of Asian equitie...
US, China Work To Preserve Fragile Trade Truce Ahead Of Trump's April Visit: Report The United States and China are seeking to preserve their fragile trade truce before President Donald Trump visits Chinese President Xi Jinping for a high-stakes summit in Beijing this spring, according to the South China Morning Post . Donald Trump and Xi Jinping in 2017. Photographer: Qilai Shen/Bloomberg On the ...
US, China Work To Preserve Fragile Trade Truce Ahead Of Trump's April Visit: Report The United States and China are seeking to preserve their fragile trade truce before President Donald Trump visits Chinese President Xi Jinping for a high-stakes summit in Beijing this spring, according to the South China Morning Post . Donald Trump and Xi Jinping in 2017. Photographer: Qilai Shen/Bloomberg On the sidelines of the 2025 APEC summit in Busan, South Korea, Trump and Xi held a pivotal meeting that produced a significant—though temporary— trade agreement . Following months of escalating tariffs, curbs on rare-earth exports, and agricultural boycotts, the two leaders agreed to a one-year truce that provided a measure of relief to the world's two largest economies. " There seems to be a really strong appetite to maintain that fragile trade truce that we saw struck in late 2025," Nick Marro, global trade lead at the Economist Intelligence Unit, told SCMP. "I think, at best, we could see this continuation of a detente in tariff policy ." South China Morning Post reports: Extending the informal months-long understanding, a step seen by officials as realistic and achievable , would anchor the summit around short-term economic wins, including fresh Chinese purchase commitments , the sources said. Trump is expected to travel to China in early April, according to four people familiar with the plans. An initial arrival date under consideration was March 31, leading to a bilateral meeting with Xi in the first week of April as part of a visit lasting about three days, two of the people said. Trump described the 2025 deal as a "massive victory," announcing reductions in certain U.S. tariffs on Chinese goods (from around 57% to 47% in key areas like fentanyl-related levies), while China committed to resuming large-scale purchases of American soybeans, sorghum, and other farm products, suspending new rare-earth restrictions, and cooperating on fentanyl flows. The Busan agreement gave Am...
Seniors who have Medicare coverage may see care that they need denied. Seniors tend to use more medical care than most, which is why access to Medicare is so important for retirees. While Medicare definitely doesn't cover everything, it provides an affordable solution for seniors so they can get most of the care they need at least partially paid for. Unfortunately, life will soon get harder for ar...
Seniors who have Medicare coverage may see care that they need denied. Seniors tend to use more medical care than most, which is why access to Medicare is so important for retirees. While Medicare definitely doesn't cover everything, it provides an affordable solution for seniors so they can get most of the care they need at least partially paid for. Unfortunately, life will soon get harder for around 6.4 million Medicare beneficiaries as coverage rules change this year. These seniors will find it harder to get some services they may depend on to help maintain their health. Here's why. Medicare introduces new barriers to care for 6.4 million seniors Millions of seniors will have a harder time getting Medicare to pay for care this year, thanks to a pilot program that now requires prior approval for 17 healthcare services. While Medicare Advantage plans have routinely required pre-approval for certain healthcare services, pre-approval is not usually required for seniors with traditional Medicare coverage. However, a new pilot program called the Wasteful and Inappropriate Service Reduction (WISeR) model is launching in six states that changes that. The purpose is to limit access to "wasteful" care, but the Medicare retirees who use the affected services may not agree with the government that their care is a waste. Medicare makes it harder to get access to 17 medical services Under the WISeR model, the 17 different services that seniors will now need to get pre-approval for include: Arthroscopic lavage and arthroscopic debridement to treat osteoarthritis sufferers Bioengineered skin substitutes applied to chronic non-healing wounds affecting the lower limbs Cervical fusion surgery Deep brain stimulation that treats Parkinson's and essential tremor Electrical nerve stimulators Epidural steroid injections (except for facet joint injections) for pain management Hypoglossal nerve stimulation that treats obstructive sleep apnea Impotence treatment Incontinence control device...