MacKenzie Scott has donated $26 billion in the past several years.

Richard Drury/DigitalVision via Getty Images Introduction Earlier today, the Bureau of Labor Statistics released the consumer price index for the month of January . This release was particularly significant as it includes pricing changes made by organizations to start the new year and had been higher than previous months on a month-over-month basis in the past. For January of 2026, however, investors were surprised to discover that overall inflation moved up by only 0.2% in the month of January and 2.4% on a year-over-year basis. When stripping out the volatile components of food and energy, core inflation moved up 0.3% in the month of January and 2.5% on a year-over-year basis. The surprise level of disinflation brought year-over-year inflation back to pre-trade war levels and put the possibility of 2% inflation for 2026 in play. Bureau of Labor Statistics Bureau of Labor Statistics What Tariffs? Goods Surprisingly Lead the Way Goods inflation has been a big discussion point for about a year. This is where tariff policy would bleed into pricing if the effects were passed on to the consumers. While I have been skeptical regarding the effects of tariffs on consumer pricing , I expected the events to be modestly noticeable through the beginning of this year. January's inflation report brought the biggest shock, with durable goods inflation dropping by 0.6% for the month. Nondurable goods inflation, which does not always move with durable goods, also fell by 0.3% on a month-over-month basis. On a year-over-year basis, durable and nondurable goods inflation are up a modest 0.4% and 1.3%, respectively. Going back to the start of the tariffs, the January consumer price index report represents the most demonstrable report of tariffs not impacting consumer inflation. Bureau of Labor Statistics Bureau of Labor Statistics Bureau of Labor Statistics Bureau of Labor Statistics Both Headline Components Trending Favorably Food and energy are volatile elements of inflation and are...

Sweden claim an incredible silver medal as Frida Karlsson completes a heroic comeback after Ebba Andersson crashed and lost one of her skis in the women's cross-country ski final.

The Vanguard Short-Term Bond ETF ( NYSEMKT:BSV ) and Vanguard Short-Term Treasury ETF ( NASDAQ:VGSH ) both offer ultra-low costs and high liquidity. Still, BSV stands out for its broader bond exposure and larger assets under management (AUM), while VGSH focuses solely on U.S. Treasuries. Both funds aim to deliver steady income with modest interest rate risk, but their approaches diverge. VGSH invests exclusively in short-term U.S. Treasury bonds, while BSV holds a mix of government, corporate, and international investment-grade bonds. This analysis compares cost, performance, risk, and holdings to help investors decide which fund better aligns with their income goals. 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. Continue reading

AerialPerspective Works/E+ via Getty Images Magna International Inc. ( MGA ) reported the company’s Q4 results on the 13 th of February. The automotive parts manufacturer showed surprisingly good financial results in a challenging industry backdrop, also guided to continue into 2026. Considering the company’s recent results and the industry’s weakness, I believe that the report is clearly positive and signals surprisingly good earnings ahead. The stock’s 20% post-earnings surge already reflects improved earnings prospects, though. I initiated the stock at a Hold rating in my previous December 2024 article on the stock, titled “ Magna International: Weak Customer Positioning Creates Uncertain Future.” The stock has since returned 68%, clearly outperforming the S&P 500’s 14% gain. My Rating History on MGA (Seeking Alpha) Magna Q4 Review: Financial Momentum Is Improving As background, the industry setting hasn’t been easy for most auto parts manufacturers. Vehicle production has weakened during 2025 in Magna’s most important European and U.S. markets, reflecting weaker consumer confidence in the markets as well as rising EV competition from China. I noted Magna’s weak customer positioning in my previous article, and the concern has largely remained during 2025; the company’s most important customers are traditional European and U.S. manufacturers that have struggled the most against arising EV competition. Magna’s positioning in China has been quite weak, and tariffs have created further turbulence for auto parts manufacturers. Magna's results from previous quarters clearly reflect such weaknesses in both the top- and bottom-line performance. Considering the backdrop, Magna now reported great Q4 results . The company’s revenues grew by 2% to $10.85 billion despite a -1% decline in car production in its markets for the quarter, and adjusted EBIT showed a massive 18% gain to a total of $814 million. The quarter’s topline exceeded Wall Street’s consensus by $310 million, ...

Hiroshi Watanabe/DigitalVision via Getty Images Vertiv Holdings ( VRT ) hit the ground running for eFY26, doubling the closing backlog for FY25 with a q4’25 book-to-bill ratio of 2.90x, indicating strong growth is to come. With the data center market expected to grow in 2026 driven by a substantial increase in capital deployed across the hyperscalers, I believe Vertiv is well positioned to both expand its production for data center infrastructure and grow its installed base for recurring revenue. Given the strong market outlook and Vertiv’s expanding serviceable market, I am narrowing my recommendation to a Buy rating with a price target of $279/share at 20.82x eFY28 EV/aEBITDA. You can review my previous coverage of Vertiv here . Vertiv Holdings Operational Update Corporate filings Vertiv’s positioning in the market is quickly gaining momentum as the data center buildout theme picks up steam. Accordingly, Vertiv’s growth in q4’25 was underpinned by strong sales in the Americas, resulting in 50% top-line regional segment growth paired with a 452bps segment operating margin expansion when compared to the previous year’s quarter. Growth in the Americas far outweighed the modest pullback in APAC and EMEA, which declined by -10% and -8%, respectively, on a year-over-year basis. Corporate filings Growth is far from over for Vertiv, and I believe investors took notice following the q4’25 earnings print. Vertiv reported a 252% year-over-year increase in orders for a book-to-bill ratio of 2.9x for q4’25. With a 2.9x book-to-bill ratio, we can assume that Vertiv brought in $8.35b in new orders in q4’25. Vertiv closed FY25 with $15b in backlog, just over 2x the closing backlog in FY24. Corporate filings Despite the challenging market environment faced in EMEA in q4’25, management indicated orders have picked up in the region that should translate to revenue conversion in e2h26. APAC is expected to present a similar sales cycle despite muted growth in China. I suspect China’s ...

JHVEPhoto/iStock Editorial via Getty Images Based on my analysis, I will put Marvell Technology ( MRVL ) stock under a buy category due to its strategic shift from a semiconductor component supplier to the indispensable architect of optical scale-up fabrics for next-gen AI clusters. The synergistic integration of Celestial AI and XConn Technologies backs Marvell to be the apex of the physical layer of the Memory Wall solution. The integration is building a defensible tech moat beyond traditional SerDes advancement. Although the 38% Y/Y Data Center revenue growth confirms strong demand, the risk to the thesis is the possible erosion of custom compute market share to lower-cost competitors (like Alchip) alongside execution risks in integrating $3.79 billion worth of acquisitions amid managing high client concentration. Marvell IR The Architectural Monopoly on the Memory Wall, The Celestial AI and The XConn Integration Thesis Marvell Technology’s stock price can go considerably higher over the long term based on the general growth of the data center end market ( +38% Y/Y in Q3- FY 2026 ). No, that is not the whole story, in my opinion. For MRVL stock, the bullish catalyst is now the synergistic integration of the Celestial AI and XConn Technologies acquisitions to capture the architectural resolution of the Memory Wall in next-gen AI clusters. Although I acknowledge the revenue accretion (Marvell projects Celestial AI to ramp to a $500 million annualized run rate by Q4 FY 2028 and double to $1 billion by FY 2029), there is a deeper structural moat. That is, the current semiconductor base is shifting from localized compute bottlenecks to interconnect bottlenecks, mainly on memory disaggregation. By acquiring XConn (a provider of advanced PCIe Gen 6 and CXL switching silicon expected to contribute $100 million in FY 2028) and combining it with Celestial AI’s Photonic Fabric, Marvell is cornering the AI market on the physical layer of the Universal Chiplet Interconnect Ex...

Investors are shooting first and asking questions later as the momentum trade gets swept up by concerns that AI could disrupt established industries like insurance and wealth management.

财联社2月14日讯（编辑 赵昊） 美东时间下周二（2月17日）是投资机构向美国SEC提交13F季度持仓文件的截止时间，外界预计伯克希尔-哈撒韦这次也将“掐点”发布该报告。 鉴于沃伦·巴菲特去年年底卸任伯克希尔CEO一职，这份持仓报告吸引了足够多的关注，外界想弄明白“股神”在执掌公司的最后一个季度里采取了哪些操作。 市场关注的关键问题包括：伯克希尔是否继续减持苹果和美银，以及是否出售了巴菲特前得力干将托德·库姆斯（Todd Combs）过往建立的仓位。 今年年初，格雷格·埃布尔（Greg Abel）正式接替巴菲特担任伯克希尔CEO。库姆斯也曾一度是该职位的有力竞争者，去年12月他从伯克希尔离职，前往摩根大通履新。 2025年前三季度，伯克希尔整体交易不太活跃，期间公司买入股票约135亿美元，同时卖出约240亿美元。根据WhaleWisdom的数据，其投资组合市值为2670亿美元。 去年第三季度，伯克希尔建仓买入约1785万股谷歌A类股，均价约210美元。当时这笔投资引发讨论，外界猜测交易可能出自库姆斯等人的操作。如今该股已升至305美元，使这笔持仓价值达到约55亿美元。 截至第三季度末，伯克希尔的前六大持仓分别为苹果、美国运通、美国银行、可口可乐、雪佛龙和西方石油——这些大额持仓普遍认为是由巴菲特本人主导。 其中，苹果和美银的持仓变化值得关注，三季度时两家股票被明显减持，苹果持股减少了近4200万股（与第二季度相比约为15%），美银则减少了3700万股（超6%）。 虽然两家仍为伯克希尔的重仓标的，但苹果持仓较峰值已缩水约75%，美银的持仓自2024年夏季以来几乎减半。与此同时，伯克希尔的现金储备再创新高。 另一个看点是：伯克希尔是否会出售库姆斯任内建立的部分仓位。一些投资者认为，亚马逊、威瑞信、第一资本信贷、Visa、万事达等持仓可能是库姆斯主导的投资。 约15年前，投资经理Lou Simpson离开伯克希尔时，公司出售了他管理的多数持仓。2022年收购Alleghany后，公司也同样处理了其股票组合。

The prominent agent and LA Olympics chief has come under scrutiny over past ties with Jeffrey Epstein and Ghislaine Maxwell.

German Defense Minister Boris Pistorius insisted that a troubled plan to develop a new fighter jet in partnership with France is “not dead yet” as he set out plans to expand the military and make its supply chains more resilient. “Eventually we have to decide what is going to happen with FCAS,” Pistorius said in a Bloomberg Television interview at the Munich Security Conference on Saturday. “Even if FCAS came to end, that would not be the end of defense industrial cooperation in Europe. It would not be the end of the world or the end of the Franco-German relationship and friendship.” France ’s defense manufacturer Dassault Aviation SA and its German-led partner Airbus SE have been at odds for months over leadership of the €100 billion ($119 billion) Future Combat Air System, with the French side demanding greater sway because of its experience with building fighter jets like the Rafale. Airbus has demanded the parties stick to a carefully crafted accord that established a more balanced share of the production work. Chancellor Friedrich Merz has signaled that he expects to make a final decision with French President Emmanuel Macron soon and most observers are expecting the project to be dramatically scaled back. One result could be that the countries develop separate fighter planes and focus their combined efforts on a shared software cloud for joint combat operations. In the interview, Pistorius said Germany will use its massive increase in military spending to reduce dependencies in the defense sector on China for critical minerals and the US for satellite and space capabilities. Weaning German defense companies like Rheinmetall AG off of Chinese raw materials is “one of our main challenges,” Pistorius said. “We have a huge problem to solve here.” Germany is working with NATO allies and others to secure more access to raw materials and sign new agreements all over the world, he said, while warning that it will prove very costly. “We are talking about many, many bil...

格隆汇2月14日｜美国国务卿马可·鲁比奥表示，古巴共产党政权需要给予其人民政治和经济自由，美国才会减轻近期导致该岛停电并扰乱日常生活的压力。鲁比奥在慕尼黑安全会议间隙接受采访时表示，古巴对经济的严格控制是一种在世界其他地方已经失败的模式。他表示，该政权正处于危急境地，因为它无法从任何其他国家获得补贴。他拒绝透露美国对古巴的最终目标，但表示特朗普政府愿意提供更多的人道主义援助。在美国于1月初抓捕委内瑞拉总统尼古拉斯·马杜罗后，古巴政府失去了其主要支持者，岛上的日常生活因此陷入停滞。

Key PointsAutomakers have been busy pulling back big EV projects and taking big charges to do so.

Group C: England, 155-5, bt Scotland 152 all out, by 5 wkts Banton hits seven boundaries in unbeaten 63 In the city where a few handfuls of rupees were melted down to make the original Calcutta Cup, it was Scotland who lost their shape when the heat started to rise and the pressure to build. England won by five wickets and though it was, in the end, emphatic it was not exactly a rediscovery of peak form, even if Tom Banton appeared to have located his with a 41-ball 63 that powered his team to victory. Scotland built half an excellent innings, but it careered downhill at Winterolympian pace in its third quarter. They faced two helpings of spin, each four overs long, and each brought carnage of a different kind: a barrage of runs in the first, a riot of wickets in the second. From there they recovered somewhat, but on a fine batting wicket England never seriously flirted with defeat, even if they did briefly threaten to self-destruct. Continue reading...

Bahrain and Egypt are attempting to mend ties between the United Arab Emirates and Saudi Arabia, two sources said, weeks into a diplomatic rift between the Arab world’s most powerful countries. Saudi Arabia and the UAE had a public falling out in December, when the kingdom accused its neighbour of threatening its national security by supporting Yemeni separatists who orchestrated a brief land grab. A source close to the Saudi government insisted there was “no need for mediation” because direct...

Key PointsMany investors are feeling nervous about potential volatility.

NicoElNino/iStock via Getty Images Investment Thesis UiPath Inc. ( PATH ) is a formidable company with an innovative business, a large cash pile, and attractive numbers across all metrics. The stock is, in my view, a strong buy now, having dropped -30% in the last month due to unrelated (and, in my view, unjustified) fears that AI would eat software’s lunch. UiPath is the perfect example of a software company that has AI at its heart, generating strong and growing earnings by combining software technology with artificial intelligence. Data by YCharts UiPath, like many technology stocks, had an overpriced IPO back in 2021 during the covid tech bubble, pricing it at $56 per share (roughly a $35.8 billion valuation) and reaching $69 on the first trading day. The stock price has since IPO considerably deflated, all the while financials never interrupted their growth path. I believe that at a price around $11-12 per share is the sweet spot between undervalued conditions and an imminent trend reversal. Business Overview With a market cap of $6 billion, UiPath is an international leading provider of automation systems, with a specific focus on robotic process automation [RPA]. This software company is one of the best examples of how AI powers software (applications) and how software powers AI (infrastructure). 3Q FY 2025 Earnings Report UiPath embedded AI into its machine learning with AI prompts that turn user intent into machine actions, as you can see in the above example shared during the Q3 earnings released in December. The key fear currently rattling the software segment is that the barriers to entry are much lower to develop apps, as developers don’t need to code anymore and can use prompts. This is precisely why UiPath can be a winner in the long run: it offers its users the possibility to use those prompts, not just to run applications, but all sorts of automations, including hardware automations (robotics). UiPath’s agentic solutions power a self-improving syste...

XPeng Inc. (NYSE:XPEV) is one of the best foreign stocks to buy right now. On February 9, XPeng Inc. (NYSE:XPEV) announced a global collaboration with Ant International’s Antom payment platform. The goal, XPeng said, is to improve the digital payment experience for EV charging services. Antom has become XPENG’s first global payment partner for its […]

There is no innocent explanation for the toxin, called epibatidine, being found in samples taken from Navalny's body, the Foreign Office said.

中共中央政治局委员、外交部长王毅14日出席慕尼黑安全会议，在“中国专场”发表题为《携手校准历史巨轮的正确航向》的演讲。 王毅说，过去一年，国际局势更加变乱交织，人类和平与发展事业走到新的十字路口。习近平主席提出全球治理倡议，呼吁践行主权平等、国际法治、多边主义、以人为本、行动导向五大原则，共同构建更加公正合理的全球治理体系。这一倡议顺应时代进步潮流，凝聚各国最大公约数，迅速得到国际社会广泛响应，为推动构建人类命运共同体注入新的动力，也为历史巨轮穿越风暴驶向光明彼岸提供了中国罗盘。人类风雨兼程走到今天，同舟共济才是正确选择。我们应当通过改革完善全球治理，校正这艘历史巨轮的正确航向。 王毅就改革完善全球治理提出四点建议：首先需要重振联合国体系；关键是各国要协调合作；始终要践行多边主义；当务之急是止战促和。 王毅强调，中国将做坚定的和平力量、可靠的稳定力量、历史的进步力量，推动构建人类命运共同体。(新华社)

tadamichi/iStock via Getty Images Introduction: How Much is Enough to Retire? This is a question that is not easy to answer in general terms. Since each person has his/her own needs, requirements, and standard of living, the answer will vary from person to person. In fact, this question should be divided into two parts: 1) What is your monthly expense budget in terms of essentials, after subtracting any fixed income such as social security, pensions, or other income (such as rental, etc.)? 2) How much capital would you have at the time of retirement? Based on answers to these two questions, you should structure your portfolio for retirement. We will explain with the help of two examples: John has $1 million at the time of retirement, but his minimum monthly budget needs are $6,000. He has no social security or any other source of income for another 5-7 years. In this case, John's annual budget is $72,000, and since his starting capital is $1 million, he will need to generate a 7.2% income yield at a minimum. It is somewhat on the higher side but still can be managed. Alternatively, John can either do some part-time work or self-employment to fill some of the income. Chris has only $500,000 as starting capital for retirement, and he has a monthly budget of $4,500 in retirement. He has chosen to retire at a place where the cost of living is relatively low. Also, Chris is 67, and he plans to withdraw from Social Security, which will provide him $2,200 every month. After social security, Chris's expense needs are only $2,300 a month (amounting to $27,600 a year). On a $500,000 portfolio, Chris will need to invest in such a way that his portfolio generates a 5.52% (or approx. 5.6%) yield. Now, when we compare the above two scenarios, even though Chris has just about half of his retirement savings compared to John, he is still in a better position due to his life situation and needs to generate only about 5.6% yield, which is much more moderate and easily achievable. Even...

cagkansayin/iStock via Getty Images I don't know about you, but I'm getting tired of all this winning . No, really. I'm getting a little concerned about just how well dividend stocks have performed this year. Here's my thesis, in brief: The market is freaking out about potential disruptions to various industries, especially software, and panic-selling out of anything that looks remotely disruptable by AI. A lot of these funds flowing out of AI-vulnerable industries are flowing into "old economy" stocks like consumer staples and energy that are deemed AI-resistant. Moreover, the market has simultaneously become concerned about the gargantuan level of capital expenditures being committed by Big Tech to build out AI infrastructure. It's an awful lot to spend without having a really good idea about what the ROI will be. Some of the funds flowing out of Big Tech are also flowing into AI-resistant stocks. This flight from AI-vulnerable and AI big-spenders into AI-resistant sectors and industries sounds reasonable. But as with so many significant swings in the market, I think it is overdone. Forgive my Texas dialect, but... y'all , it's gone too far. The market has gotten too greedy for certain undisruptable dividend stocks, and we dividend investors should be fearful in the face of this reflexive swing in our favor. I know I sound like an ungrateful little worrywart. But as investors, isn't it our job to worry (at least a little bit) when things seem too good to be true? Here's the agenda this week: Some charts illustrating dividend stocks' continued revenge tour as well as the accelerating risk-off environment over the last few months. Some hard data that, in my view, shows where the flight-to-safety-from-the-big-bad-AI has gone way too far. Two more sectors that are not particularly known for dividends that have also become quite extended recently. How I'm allocating capital in this environment. Onward. Dividend Stocks' Revenge Tour Continues The theme of the market has...

A survey last fall by Natixis Investment Managers found that 74% of institutional money managers expect a market correction in 2026. They cited various reasons, from the tech bubble bursting to geopolitics and macroeconomic factors. Currently, the Nasdaq Composite is hovering around even year to date, while the S&P 500 has risen roughly 1.7%. Corrections are part of the investment landscape. We had one last year, and there have been eight corrections or bear markets over the past 10 years. While you can't avoid them, you can prepare for them with stocks designed to zig when the market zags. Here are two within the healthcare sector that may help you do that. Continue reading

Corning (NYSE:GLW) has entered a long term fiber optic supply agreement with Meta valued at US$6 billion. The deal focuses on providing fiber solutions for the AI powered data center infrastructure used by Meta. The agreement expands Corning's role in supplying critical components to large scale cloud and AI platforms. Corning is best known for glass and advanced materials, but its optical communications segment is a core part of how it serves cloud and connectivity customers. This new...

Vistra (NYSE:VST) has entered into 20 year zero carbon nuclear power agreements with Meta. The deals cover more than 2,600 MW of carbon free nuclear energy output. The agreements are described as the largest nuclear uprates backed by a U.S. corporate customer to date. Vistra comes into this announcement with its shares at $171.49 and a very large 3 year return, close to 7x, and a 5 year return that is also very large. The stock is up 14.6% over the past week and 3.8% year to date, and these...

格隆汇2月14日｜英瑞法德荷联合声明：坚信俄罗斯著名反对派政治家阿列克谢·纳瓦尔尼被一种致命毒素毒害。我们进一步对俄罗斯并未销毁其全部化学武器表示关切。我们和我们的伙伴将动用我们掌握的一切政策工具，继续追究俄罗斯的责任。

当地时间2026年2月14日，中共中央政治局委员、外交部长王毅出席慕尼黑安全会议，在“中国专场”发表演讲并回答现场提问。被问及中国对亚太地区紧张局势重新升级承担什么责任，王毅表示，我不认同亚太局势日趋紧张。环顾世界，只有亚洲仍然保持着总体和平。即便前不久柬泰边界出现的局部冲突，也在各方努力下很快得到平息，中方也在其中发挥了作用。中国已经成为亚洲和平的中流砥柱。作为当今世界上重要的和平力量，中国将继续为地区的和平稳定发挥建设性作用。（央视新闻）

UK's Insane New Trans Guidance Says School Kids As Young As Four Can 'Change Gender' Authored by Steve Watson via Modernity.news, The UK government has issued new guidance allowing primary school children, some as young as four, to ‘socially transition’ the gender by changing their pronouns at school. According to reports in The Times , the guidelines state that parents should be involved in the “vast majority” of cases where a child questions their gender, and schools should not initiate steps towards social transitioning. However, the move has sparked outrage, with critics arguing it undermines parental rights and exposes vulnerable children to harmful ideologies. ??? UK Schools issued new Gender Rules “Social transitioning in primary schools should happen very rarely” “Children will be allowed to change the agenda and adopt different pronouns” “Schools shouldn’t initiate guidance around a pupil changing their Gender” The radical far… pic.twitter.com/Ef2jYCDe7z — Concerned Citizen (@BGatesIsaPyscho) February 13, 2026 The guidance specifies that “social transitioning in primary schools should happen very rarely,” but “children will be allowed to change their gender and adopt different pronouns.” Pupils able to change their gender at school Pronoun guidance for children as young as four This is the travesty of activists have done to education & our children Adults should be leading with care not this damaging harmful insanity Stop it pic.twitter.com/0G2ma8HB2y — Alan D Miller (@alanvibe) February 13, 2026 Helen Joyce, director of advocacy at Sex Matters, lambasted the new guidance during an appearance on TalkTV, asserting that schools have been “indoctrinating children” with trans ideology for a decade, influenced by online content, influencers, and lobby groups like Stonewall and Mermaids that have been “mis-training teachers.” She emphasized that “the government has started a de-radicalisation programme but we actually need to de-radicalise a whole generation of t...

Updates from 2.10pm kickoff (GMT) in Dublin Follow us over on Bluesky | And get in touch: mail Daniel It wasn’t too long ago that this would have been a doddle. Ruthless, clinical Ireland at fortress Dublin. Scrappy but sloppy Italy on the round. We’d be wondering about margins of victory, not contemplating the outcome after 80 minutes. Continue reading...

格隆汇2月14日｜北约秘书长吕特：北约如此强大，俄罗斯不会试图发动攻击。如果俄罗斯现在发动攻击，北约将在与俄罗斯的每一场战斗中获胜，必须确保这种情况在未来数年内依然如此。