格隆汇2月14日｜美国法官下令特朗普政府协助一名因违反法院命令而被驱逐至洪都拉斯的大学生返美。

Anastasia Korchagina/iStock Editorial via Getty Images Q4 2025 And Full-Year Earnings Takeaway Crocs, Inc. ( CROX ) reported its Q4 and full-year results on February 12, 2026. For the quarter, Crocs reported revenue of $958 million and an adjusted EPS of $2.29, down 4.2% YoY on a constant currency basis and 9% YoY, respectively. This quarterly result beat analyst expectations of $916 million in revenue and $1.91 EPS. Investor Presentation For the full year, Crocs revenue comes in at $4.041 billion, down 1.7% (constant currency), and adjusted EPS, which excludes one-time impairment charges from HeyDude, is at $12.51, down 5% relative to FY2024. Full Year 2025 Financial Result (Investor Presentation) I believe this is an outstanding result given the significant headwind Crocs faces due to the financial strain its mid- to lower-income core consumers are experiencing. Personally, accounting for the tendency of managements to guide for numbers that are beatable, I expected worse results due to the current unfavorable market conditions. But what really surprised me was the guidance that management provided for FY2026. I expected that Crocs would just guide for one quarter and not the full year, given the still uncertain and bifurcated consumer spending. Crocs Q1 2026 and Full Year Guidance (Investor Presentation) For the year 2026, Crocs management guided a revenue range of a 1% decline to slightly up and an EPS range of $12.88 to $13.35, which at the midpoint of $13.11, represents an increase of almost 5% relative to 2025. This EPS guidance beats analysts' expectations by 10%. This increase is driven by the additional $100 million cost savings the company disclosed last quarter, which will take effect this year. Additionally, this doesn't account for the potential impact of further share buybacks this year, which should further increase EPS, especially with the stock selling at a very attractive valuation as more shares will be repurchased when the stock is cheap. Again,...

In trading on Friday, the Amplify Junior Silver Miners ETF is outperforming other ETFs, up about 5.7% on the day. Components of that ETF showing particular strength include shares of Hycroft Mining Holding, up about 13.5% and shares of Hecla Mining, up about 8.5% on the day. A

24K-Production/iStock Editorial via Getty Images American Bitcoin Corp. ( ABTC ) is another Bitcoin ( BTC-USD ) mining and treasury company that launched at a steep valuation during peak investor optimism, near the end of the bullish BTC cycle. ABTC has fallen more than 80%, and, since the Bitcoin bearish cycle persists, I believe the stock may continue falling throughout 2026. Previously, I wrote three articles about these BTC bearish cycles here on Seeking Alpha, and while I have a short bias for BTC in 2026, I am studying stocks that may become an investing opportunity in the future, once cryptocurrencies stop falling, which I only expect to happen near the end of the year. What I am trying to grasp in this article is: Does ABTC have the right business model to position it to profit from a future bullish cycle and even outperform Bitcoin itself? The Company ABTC began after Hut 8 Corp. ( HUT ) decided to spin off its operations to become a purely energy infrastructure company and not be limited by certain uses like crypto mining or AI data centers. So, ABTC owns bitcoin miners that operate at facilities managed by Hut 8. ABTC pays monthly fees and all the costs incurred by Hut 8’s oversight, maintenance, repair, and contracted power delivery. With this strategy, the company can prioritize its BTC strategy by buying miners instead of land, buildings, or electrical infrastructure. To scale operations, the company will seek financing by selling common stocks and convertible securities when management considers market conditions favorable, using the proceeds to expand its BTC mining power. The company also plans to build and help initiatives within the Bitcoin ecosystem to facilitate Bitcoin adoption, but this could pose a risk, depending on how it invests resources. In the Q3 2025 earnings call , management explained its strategy going forward, and there are several advantages regarding the company’s model and management’s decisions. A positive raised by management ...

AMD's growing server and PC share pressures Intel as China supply constraints tighten prices digitimes

Azerbaijani President meets with CEO of Oracle Corporation in Munich AzerNews

⁠The Trump administration sued ⁠Harvard University on Friday, accusing it ⁠of failing to comply with a federal investigation and seeking documents to determine whether the university had illegally considered race in its admissions process. The move comes less than two weeks after US President Donald Trump said ‌his administration was seeking $1 billion from Harvard to settle probes into school policies, after a news report that said Trump had dropped his demand for a payment from the Ivy League...

Credit card companies are coming under bipartisan attack in Washington as persistent inflation leaves many Americans struggling to make ends meet. The economic uncertainty has even put President Donald Trump and Sen. Bernie Sanders on the same side in pursuit of ways to lower the annual percentage rates paid by consumers. Club name Capital One and the other major credit card issuers are being caught in the crossfire of the political rhetoric and are in a holding pattern to see what action — if any — might be taken, how it could reshape the industry and how it might impact their willingness to lend across the income spectrum. The renewed calls to curtail APRs came after Trump demanded a year-long, 10% cap in late January. Last week, Sanders — the longtime Vermont independent and staunch critic of the Republican president — called for a permanent cap of 15% on credit card rates. In a Fox News op-ed , Sanders blasted Trump for giving lip service to the affordability problems. But the senator did write, "I have to admit, there is one issue that Trump has identified that does make sense. He is right when he says that big banks are ripping off the American people with outrageously high credit card interest rates." Republican Sen. Josh Hawley from Missouri said last month that Congress should pass the bill that he introduced in February 2025 with Sanders that would limit credit card rates at 10% for five years. Democratic Sen. Elizabeth Warren from Massachusetts has also been vocal on the issue of capping credit card rates, and pressing the Trump administration to get behind Congressional efforts to do so. Wall Street analysts and executives fear that squeezing credit card issuers like Capital One will reduce their incentive to lend, ultimately cutting off credit access for lower-income households that need it most. JPMorgan CEO Jamie Dimon has said that Trump's suggested level of a 10% cap would be an "economic disaster" that would result in a "drastic" cut to credit acce...

Key PointsOklo develops advanced fission power plants that use recycled fuel and metal-fueled fast-reactor technology.

Two Philadelphia Men Admit To AI-Assisted $3.5M Housing Aid Scam In Minnesota This will be the first of many AI scams of its kind, we predict... Two men from Pennsylvania admitted to repeatedly flying from Philadelphia to Minneapolis to exploit Minnesota’s Housing Stabilization Services (HSS) program, stealing about $3.5 million, according to prosecutors. Authorities say they used artificial intelligence to forge records and falsely bill for services, according to Fox News . Anthony Waddell Jefferson, 37, and Lester Brown, 53, registered businesses as HSS providers, claiming they offered housing support and transition services. In reality, officials say much of the work never happened. Launched in 2020, HSS helps people with disabilities, seniors, and those struggling with mental health or addiction secure housing. The Justice Department has noted the program had “low barriers to entry and minimal records requirements.” Attorney General Pam Bondi said, “Criminal fraud not only robs taxpayers — it shatters trust in our institutions… Our prosecutors will work tirelessly to unravel criminal fraud schemes.” Fox News writes that prosecutors allege the pair billed Medicaid for services supposedly provided to about 230 clients. Both men pleaded guilty to wire fraud and face up to 20 years in prison. Deputy Attorney General Todd Blanche stated, “Minnesota will no longer be a haven for fraud under our watch,” adding that dozens of convictions have already been secured in the state. Investigators say Jefferson and Brown promoted themselves as “The Housing Guys” at shelters and Section 8 housing sites to recruit clients. Jefferson allegedly hired relatives and associates to produce fake service notes, sometimes using invented employee names. Brown reportedly failed to keep required records. Authorities also say the men fabricated emails and used ChatGPT to generate false documentation. Assistant Attorney General A. Tysen Duva said, “They traveled across the country for one pur...

Mixed options sentiment in Advanced Micro Devices with shares up 1.46% TipRanks

Source: Bloomberg, 9:49

Earnings Call Insights: Ingersoll Rand Inc. (IR) Q4 2025 Management View Vicente Reynal, Chairman, CEO & President, opened the call highlighting "low single-digit organic order growth for both the fourth quarter and the full year," and a return to organic revenue growth, which he said "reflects positive momentum heading into 2026." Reynal also noted recurring revenue exceeded $450 million in 2025, with a backlog of approximately $1.1 billion from existing contracts, adding, "This is a clear demonstration of how we continue to make great progress towards achieving our recurring revenue targets." Reynal emphasized M&A as a core growth driver, stating, "Our acquisition pipeline remains robust with a strategic focus on enhancing our existing portfolio." He detailed $525 million invested in 16 transactions in 2025, generating about $275 million in annualized inorganic revenue, and revealed that there are "9 additional transactions currently under LOI." In January, IR completed the acquisition of Scinomix, advancing its Life Science strategy with workflow optimization technologies. Vikram Kini, Senior VP & CFO, reported, "Orders showed continued strength in the fourth quarter, up 8% year-over-year or up 1% organically," with both ITS and PST segments delivering low single-digit organic order growth. Kini stated, "We delivered fourth quarter adjusted EBITDA of $580 million and adjusted EBITDA margins remained strong at 27.7%." Adjusted earnings per share for the quarter was $0.96, up 14% year-over-year. For the year, Kini said, "Adjusted earnings per share for the year was $3.34, up 2% year-over-year." Outlook The company issued its full year 2026 guidance: total revenue growth of 2.5% to 4.5%, driven by organic order growth of 1% at the midpoint, 1.5% growth from M&A (including the Scinomix acquisition and 2025 carryover), and a 1% FX tailwind. Total adjusted EBITDA is expected in the range of $2.13 billion to $2.19 billion; corporate costs are planned at $170 million, sp...

A federal judge in Illinois quickly issued a restraining order after the Trump administration slashed more than $600 million in CDC grants to four blue states. (Image credit: Anna Moneymaker)

The former head of bankrupt aquatic-parks operator The Dolphin Company has been arrested in Mexico, according to law enforcement. Eduardo Albor was taken into custody Thursday afternoon at a restaurant in Cancun and will be transferred to a jail in Mexico City, arrest records show. Why authorities arrested Albor, and whether any charges he faces are related to The Dolphin Company, could not be immediately learned Friday. The company said in response to questions about the arrest that it intends to issue a press release later Friday. It has been overseen since last March by lender-backed advisers who have fought Albor for control of the business, which has been plagued by financial problems and a string of dolphin deaths. Last year, Florida authorities said they were investigating one of its parks in Panama City Beach — now closed — over alleged animal abuse. Read more: Dead Dolphins, Diverted Cash Crush Cancún Theme Park Operator Albor testified in federal court last year that his top priority was protecting the hundreds of dolphins and other animals at the parks. He has blamed the company’s financial problems on the Covid-19 pandemic. Albor has battled US lenders in Mexican and US courts for more than a year. An American bankruptcy judge ordered him to pay $10,000 a day if he did not stop interfering with the company’s operations. At one point last year, Albor installed credit card readers to divert ticket revenue to allies still at the company. When confronted about the money, he argued the diversion was the only way to avoid disrupting the business. The company was founded in 1994 at Isla Mujeres with four dolphins and later added other nearby parks. Albor, a lawyer, took over in 1999 and continued adding attractions in the Caribbean and Mexico, with the business later expanding to locations in Italy, Argentina and Florida. The company sought court protection last year and has been selling animals and other assets to help repay creditors. The case is Leisure Inve...

格隆汇2月14日｜美联储在固定利率逆回购操作中总计接纳了3个对手方的3.77亿美元。

Source: Bloomberg, 4:46

格隆汇2月14日｜美国国务卿鲁比奥缺席了与欧洲领导人就俄乌冲突举行的会议，欧洲各国认为此举表明华盛顿对让他们参与解决冲突的努力兴趣正在减弱。鲁比奥原定于周五下午在慕尼黑与德国、波兰、芬兰和欧盟委员会领导人举行会议，但由于日程冲突，他在最后一刻取消了行程。一位欧洲官员称取消会晤“简直荒谬”。另一位欧洲官员称，没有美国的参与，这次会议缺乏实质内容。

Ghana’s currency weakened slightly against the dollar on Friday as demand for the greenback rose to pay for imports. The cedi has depreciated 4.8% since the beginning of the year, the biggest decline among 23 African currencies tracked by Bloomberg. Ghana is the continent’s top gold producer. “We’re seeing an increase in demand for dollar by companies to settle import bills, following the Christmas season,” Gabriel Engmann, a currency trader at GCB Bank Ltd. in Accra, said by phone. “We get inflows from some of our clients, but they’re not enough.” Backed by gold’s rally and robust foreign reserves worth $13.8 billion, the cedi gained 41% last year, the first annual gain since at least 1994 when Bloomberg began compiling the data. The strong currency helped to drive inflation down, reaching 3.8% in January from 23.5% a year earlier. The central bank also cut interest rates by 1,250 basis points within a space of just 10 months to 15.5%. Still, demand for dollar is firm at the central bank’s twice-weekly spot auctions where it sells greenbacks to banks. Lenders bid a total $295 million at Thursday’s auction but the central bank sold $125 million, according to results seen by Bloomberg. They sought to purchase $356 million at an auction held two days earlier, and for that as well the regulator accepted $125 million. “What we have is a managed floating system,” Bank of Ghana Governor Johnson Asiama said in response to questions last month. “Our objective is to ensure that the volatilities are not excessive.”

格隆汇2月14日｜文件显示，美国航空(AAL.O)寻求批准从迈阿密运营飞往加拉加斯和马拉开波的美国航班。

hapabapa/iStock Editorial via Getty Images Dutch Bros ( BROS ) is still one of the restaurant sector stocks with the highest growth potential. While many restaurants are struggling right now, this coffee shop chain is still reporting high same-store sales growth and adding new locations. Now, Dutch Bros is selling food as well as coffee, so it has another way to generate additional revenue growth. Meanwhile, it continues to provide convenience and an entertaining experience to its guests. And now, once again, Dutch Bros has outperformed Wall Street analysts’ expectations and reported very strong quarterly results. Dutch Bros closed the year 2025 with a great quarter . It posted 29.4% revenue growth and 7.7% same-shop sales growth, so not only is it adding new locations, but its existing locations are also selling more coffee. The company also reported that its adjusted EBITDA rose from $48.8 million to $72.6 million in the fourth quarter. With $443.6 million in revenue, Dutch Bros achieved a 16.4% adjusted EBITDA margin. Its full-year adjusted EBITDA margin was 18.5%. This was a better result than I expected , and it was also a better result than other analysts expected, which is why Dutch Bros’ stock price rose 12% after hours on February 12. But even at a price of $57 per share, analysts might still be underestimating this coffee shop’s growth potential. I still don’t think Dutch Bros is as expensive as its forward P/E implies because it’s investing a lot of its income into growth right now. Dutch Bros Plans to Continue Rapidly Opening Coffee Shops in the Medium Term At the end of the year, this coffee shop chain had 1,136 locations, according to its Q4 earnings report. Now, it’s planning to have 2,029 locations by the end of 2029. That’s a 15.6% compound annual growth rate. Dutch Bros also plans to open at least 181 new locations in 2026, which is a 15.9% growth rate. So, Dutch Bros is guiding for nearly 16% growth from new locations alone over the next four-year...

User reviews on Steam may get more informative after a Steam Client Beta update released on Thursday , which adds an option for users to attach their hardware specs to game reviews. Steam users have always been able to share their specs in the text of their reviews, but the option to automatically include that data could encourage more users to add it, potentially making reviews more useful. When a user posts a negative review or reports having performance issues, the attached hardware specs could reveal why, highlighting when performance issues might be caused by a player's hardware rather than a problem with the game itself (such as specs … Read the full story at The Verge.

Vladyslav Heraskevych's helmet depicts fellow athletes who have been killed since Russia's full-scale invasion of his country.

格隆汇2月14日｜美国总统特朗普在接受媒体采访时被问及是否会访问委内瑞拉，他回应称：“我将访问委内瑞拉。”不过，他未提供任何进一步细节，包括具体时间或行程安排。

Hemera Technologies/PHOTOS.com>> via Getty Images Heading into Q4 earnings, I downgraded AppLovin Corporation ( APP ) to a Sell based on the following points: To be direct, my sell rating is mainly related to the poor sentiment around risk assets in the US. Advertising agencies are dragging down the performance of the communication services sector, and AppLovin is the top stock by market cap in this industry. I need to see an improvement in sentiment, and I don't see an immediate near-term catalyst. Yes, I was also worried about the company’s adjusted EBITDA margin guidance for Q1 2026. However, that concern was dwarfed by the irrational pessimism around software due to AI disruption fears. Since my last coverage, shares have been down 30%, significantly below my estimates. The quarter was a clear beat and raise on the top and bottom lines. That said, my focus with AppLovin is mostly on the bottom line, given the exceptional adjusted EBITDA margin. Interestingly enough, despite the push into e-commerce, the company reported an 84% adj. EBITDA margin in Q4 and guided the same value for Q1 2026. To me, this shows that the bottom line is intact despite the e-commerce push. In fact, the Street has revised its EPS estimates upwards for the next 4 quarters after the last earnings results. Overall, I am upgrading to a Buy, as I believe the selloff is an exaggeration. Now, do I think the lows are behind? It's impossible to say, but one thing I can say for sure is that the stock is no longer expensive, trading at 23x next year's earnings. Therefore, the downside risk has declined significantly. A Beat, Raise, And Fade Quarter Let's start with the top-line results. Revenue came in at $1.658B vs. the Street's $1.60B estimate . Management guided Q1 revenue between $1.745–$1.775B (midpoint of $1.760B) vs. the Street's $1.70B expectation. So, we have a clear beat and raise here, even though the growth rate implied for Q1 (51%–53%) represents a slowdown from the 66% growth achieve...

bluestocking/E+ via Getty Images Performance Review The Fund (Institutional Class)( GIOIX ) returned 1.54 percent in the fourth quarter, outperforming its benchmark, the ICE Bank of America U.S. 3-Month Treasury Bill Index, by 0.57 percent. Allocation to Agency residential mortgage-backed securities (RMBS) and senior loans, as well as selection within high-yield corporates contributed positively to performance. Exposure to precious metals contributed positively to performance. Duration positioning detracted from performance as intermediate- to long-term rates rose over the quarter. Strategy and Positioning The Fund reduced investment-grade (IG) corporate holdings and increased allocation to non-Agency RMBS. The Fund maintained a constant high yield corporate allocation while actively rotating by industry and quality given an uptick in dispersion. Duration positioning remained mostly unchanged over the quarter, near the long-term average level for the Fund, and focused on front/intermediate tenors. Within bank loans, the Fund continued to increase exposure to European credit, reflecting improved relative value in non-U.S. sectors. QTD Contributors / Detractors Carry contributed 1.45 percent to return while duration detracted by 0.25 percent. Spread tightening across corporate credit contributed to performance. Spread tightening in Agency RMBS was a positive contributor. Spread widening across collateralized loan obligations (CLOs) was a moderate detractor. Economic and Market Review Economic growth in 2025 was resilient despite policy uncertainty and a cooler labor market. The recent third quarter real gross domestic product (GDP) reading revealed positive underlying growth momentum driven by consumer spending and a continued boost in artificial intelligence (AI) investment. Looking ahead, we expect the U.S. economy to move toward equilibrium in 2026 with growth stabilizing around 2 percent, supported by continued consumer spending bolstered by wealth effects from ri...

Source: Bloomberg, 0:00

格隆汇2月14日｜法国反恐部门：已获悉巴黎发生的这起事件，并已展开调查。

格隆汇2月14日｜巴黎第八区区长：今晚一名男子持刀试图袭击警方。警方随后向这名袭击者开火将其制服。已在凯旋门周边设立安全警戒线。

Fortune Brands had nothing but bad luck last quarter.