White House border tsar Tom Homan said on Sunday that more than 1,000 immigration agents have left Minnesota’s Twin Cities area and hundreds more will depart in the days ahead as part of the Trump administration’s drawdown of its immigration enforcement surge. A “small” security force will stay for a short period to protect remaining immigration agents and will respond “when our agents are out and...
White House border tsar Tom Homan said on Sunday that more than 1,000 immigration agents have left Minnesota’s Twin Cities area and hundreds more will depart in the days ahead as part of the Trump administration’s drawdown of its immigration enforcement surge. A “small” security force will stay for a short period to protect remaining immigration agents and will respond “when our agents are out and they get surrounded by agitators and things got out of control”, Homan told CBS’s Face the Nation....
JHVEPhoto Which financial stocks could be hit hard by AI? Seeking Alpha analysts Dr. Christopher Davis of Quad 7 Capital , Labutes IR, and Daniel Jones weigh in. Christopher Davis : Make no mistake, the AI disruption fears seem to be hitting sector by sector. And there is some risk to financials and related stocks. The shift toward advanced automation is creating a significant issue where establis...
JHVEPhoto Which financial stocks could be hit hard by AI? Seeking Alpha analysts Dr. Christopher Davis of Quad 7 Capital , Labutes IR, and Daniel Jones weigh in. Christopher Davis : Make no mistake, the AI disruption fears seem to be hitting sector by sector. And there is some risk to financials and related stocks. The shift toward advanced automation is creating a significant issue where established players are finding their traditional moats narrowing. At least that is the thought, and stocks in the space are starting to get hit. Perhaps one of the most vulnerable areas is the wealth management space, where firms like Charles Schwab ( SCHW ) and Raymond James ( RJF ), for example, are at risk with the rise of sophisticated advisory AI tools. The threat is simple to understand. These AI systems can now handle complex tasks such as tax-loss harvesting and estate planning that were once the exclusive domain of high-priced human advisors. So, as these tools become more accessible, the whole fee-based revenue model that these institutions rely heavily on is now facing intense pressure, potentially leading to a long-term decline in profit margins as customers opt for cheaper, more efficient digital alternatives. The goal for companies is to learn how to embrace and incorporate AI to prevent being disrupted and/or replaced. The market has already started to discount these names. We would also add that the insurance brokerage industry is at risk as AI assessment algorithms are being developed. Insurance companies have always fed data into a machine to generate quotes, but the thought here is that companies that act as intermediaries are seeing their value proposition questioned as AI-driven comparison engines now allow consumers and businesses to find the best rates across multiple carriers instantly. Because AI is faster and can now match risk to rate with higher precision and speed, the human element of the transaction is becoming a luxury rather than a necessity, putti...
From miles away across the desert, the Great Pyramid looks like a perfect, smooth geometry — a sleek triangle pointing to the stars. Stand at the base, however, and the illusion of smoothness vanishes. You see massive, jagged blocks of limestone. It is not a slope; it is a staircase. Remember this the next time you hear futurists talking about exponential growth. Intel’s co-founder Gordon Moore...
From miles away across the desert, the Great Pyramid looks like a perfect, smooth geometry — a sleek triangle pointing to the stars. Stand at the base, however, and the illusion of smoothness vanishes. You see massive, jagged blocks of limestone. It is not a slope; it is a staircase. Remember this the next time you hear futurists talking about exponential growth. Intel’s co-founder Gordon Moore (Moore's Law) is famously quoted for saying in 1965 that the transistor count on a microchip would double every year. Another Intel executive, David House, later revised this statement to “compute power doubling every 18 months." For a while, Intel’s CPUs were the poster child of this law. That is, until the growth in CPU performance flattened out like a block of limestone. If you zoom out, though, the next limestone block was already there — the growth in compute merely shifted from CPUs to the world of GPUs. Jensen Huang, Nvidia’s CEO, played a long game and came out a strong winner, building his own stepping stones initially with gaming, then computer visioniand recently, generative AI. The illusion of smooth growth Technology growth is full of sprints and plateaus, and gen AI is not immune. The current wave is driven by transformer architecture. To quote Anthropic’s President and co-founder Dario Amodei: “The exponential continues until it doesn’t. And every year we’ve been like, ‘Well, this can’t possibly be the case that things will continue on the exponential’ — and then every year it has.” But just as the CPU plateaued and GPUs took the lead, we are seeing signs that LLM growth is shifting paradigms again. For example, late in 2024, DeepSeek surprised the world by training a world-class model on an impossibly small budget, in part by using the MoE technique. Do you remember where you recently saw this technique mentioned? Nvidia’s Rubin press release: The technology includes “...the latest generations of Nvidia NVLink interconnect technology... to accelerate a...
As Demand Grows, US Nuclear Energy Industry Faces Looming Crunch In Reactor Fuel Supply Authored by John Haughey via The Epoch Times, The Department of Energy (DOE) has invested billions in incentivizing domestic production of enriched uranium for the commercial development of advanced nuclear reactors, including $2.7 billion issued last month to three companies to build centrifuges and processing...
As Demand Grows, US Nuclear Energy Industry Faces Looming Crunch In Reactor Fuel Supply Authored by John Haughey via The Epoch Times, The Department of Energy (DOE) has invested billions in incentivizing domestic production of enriched uranium for the commercial development of advanced nuclear reactors, including $2.7 billion issued last month to three companies to build centrifuges and processing plants necessary to produce fuel for reactor cores. Yet, a fuel crunch that could hobble President Donald Trump’s “nuclear renaissance” initiatives looms as soon as 2028 , several experts warned during the two-day U.S. Nuclear Industry Council’s 13th annual Advanced Reactors Summit in Seattle that concluded Feb. 12. “If America wants to lead in advanced reactors, we have to do the nuclear fuel here. Make no mistake about that,” Centrus Energy Senior Vice President Patrick Brown told more than 400 nuclear industry professionals on Feb.12. “Unfortunately, we’re really building from zero.” Right now, he said, less than 1 percent of the nuclear fuel that the nation’s 94 commercial reactors annually consume is produced domestically, and that is exclusively dedicated to the Pentagon. The nation’s commercial nuclear energy industry is “completely reliant on foreign imports” of enriched uranium, he said, primarily from Kazakhstan and Canada. Those imports include up to 5 percent from Russia that won’t be available soon. In response to Russia’s invasion of Ukraine in 2022, Congress in 2023 banned U.S. companies from importing Russian uranium. That ban goes into effect on Jan. 1, 2028. Brown said with the global nuclear fuel market already constrained, domestic industry’s scramble to revive enrichment—a process American companies invented and once dominated—is now a race to have supply available to meet demand as new reactors come online. Because that demand—spurred by the president’s May 2025 executive orders to license 10 new reactors by 2030 and quadruple commercial nuclear energ...
peshkov/iStock via Getty Images Nebius Group N.V. ( NBIS ) announced a strong quarter to end 2025, yet the stock initially dipped. The market no longer respects the progress being made by an AI cloud leader, likely due to a misperception of contracted power. My investment thesis remains ultra bullish on the stock after several months of the AI cloud leader trading sideways while the story improves...
peshkov/iStock via Getty Images Nebius Group N.V. ( NBIS ) announced a strong quarter to end 2025, yet the stock initially dipped. The market no longer respects the progress being made by an AI cloud leader, likely due to a misperception of contracted power. My investment thesis remains ultra bullish on the stock after several months of the AI cloud leader trading sideways while the story improves. Source: Finviz Setting Up A Big 2026 The AI cloud company reported strong results, though the stock likely initially fell due to Nebius reporting Q4 '25 revenues of $228 million versus targets up at $242 million. At this stage, the company can have the timing of new contracts off by a few weeks, and the short-term results will be skewed. Nebius is already at an ARR rate of $1.25 billion to end December with the goal of reaching $7 to $9 billion by year-end. The market doesn't seem to fully understand an $8 billion ARR run rate to end 2026 would suggest $667 million in monthly revenue. The company only has ~170 MW of active power with plans to reach 3 GW in the future. The 2026 target is only 800 MW to 1 GW of connected power to drive the up to $9 billion in ARR. Source: Nebius Q4'25 presentation Note, the ARR target for 2026 is not the revenue goal. Nebius will, in essence, start 2027 with a starting point of at least $7 billion in revenues with the current analyst revenue targets of only $8.3 billion for the year. The company has already signed contracts with both Microsoft ( MSFT ) and Meta Platforms ( META ) . In fact, Nebius suggests both Meta deals are now active with the contracts in the servicing mode. Nebius signed up the hyperscaler to an AI cloud deal valued at ~$3B over five years . Meta should be contributing $600 million in annual revenues now. In a similar manner, the big contract from Microsoft signed back in September is partially live. Nebius agreed to supply Microsoft with AI infrastructure worth at least $17.4 billion over the five-year period, potentia...
Klarna Group (NYSE: KLAR) went public last September in a celebrated initial public offering (IPO), one of the few lately. However, rather than offer the gains investors were hoping for, Klarna stock is down 56% since its first-day closing price. The company will provide its next business update for the 2025 fourth quarter on Feb. 19. Should you buy its stock now? Image source: Getty Images. Klarn...
Klarna Group (NYSE: KLAR) went public last September in a celebrated initial public offering (IPO), one of the few lately. However, rather than offer the gains investors were hoping for, Klarna stock is down 56% since its first-day closing price. The company will provide its next business update for the 2025 fourth quarter on Feb. 19. Should you buy its stock now? Image source: Getty Images. Klarna is a Swedish company whose main product is buy now, pay later services. It works with top brands you know and love, including being the sole BNPL provider for Walmart . It's best known for its Pay in 4 service, which splits up a purchase into four interest-free payments, but it has several other options, including longer payment plans with interest for more expensive purchases. It's also planning to expand into other financial services . Continue reading
Getty Images Quarterly Snapshot Performance The Strategy returned 4.41% (net of fees) and the Russell 3000 Index returned 2.40%. Key Drivers Stock selection in industrials and financials were the primary drivers of outperformance during the quarter while stock selection in health care was the largest relative detractor. Summary We remain cautious of the AI-driven market exuberance, as we see senti...
Getty Images Quarterly Snapshot Performance The Strategy returned 4.41% (net of fees) and the Russell 3000 Index returned 2.40%. Key Drivers Stock selection in industrials and financials were the primary drivers of outperformance during the quarter while stock selection in health care was the largest relative detractor. Summary We remain cautious of the AI-driven market exuberance, as we see sentiment outpacing fundamentals for many of these businesses, and continue to find more attractive opportunities among large-cap, high-quality, cash generative, more defensive businesses. Market and portfolio review Equity markets continued to move higher in Q4, with the Russell 3000 Index increasing 2.40%, capping off a strong year of performance where the index advanced just over 17%. While small caps and large caps were roughly even in Q4, the Russell 1000 Index (+17.37%) still edged out the Russell 2000 Index (+12.81%) for the year, though it was still a strong showing for small caps on an absolute return basis. From a sector perspective, health care was the top-performing sector (+11.7%), which seemed to garner renewed investor attention given depressed valuations after several quarters of elevated uncertainty. Communication services (+6.1%) was the second-best-performing sector driven almost entirely Alphabet's 29% gain, which accounts for roughly half of the sector weight. Sectors in the red tended to be on the defensive side, namely real estate (-2.3%), utilities (-1.5%) and consumer staples (-0.5%). While the artificial intelligence (AI)-related spending theme continued to be a dominant narrative and strong driver of outperformers within US equity markets for most of the quarter, our relative outperformance was driven by several holdings completely outside of that realm such as specialty chemical maker Ashland Chemical, Capital One Financial ( COF ), General Motors ( GM ) and ship-builder for the US Navy Huntington Ingalls Industries ( HII ). While our underexposure to...
More than 6,000 people were killed in over three days when a Sudanese paramilitary group unleashed "a wave of intense violence" in Sudan's Darfur region in late October, according to the UN. (Image credit: Mahmoud Hjaj)
More than 6,000 people were killed in over three days when a Sudanese paramilitary group unleashed "a wave of intense violence" in Sudan's Darfur region in late October, according to the UN. (Image credit: Mahmoud Hjaj)
It has been a testing few months for the man who scored the winner for Crystal Palace in last season’s FA Cup final. But after being hooked at half-time during the disappointing draw with Brentford on Thursday when Mikel Arteta said he is still adapting to life in north London, perhaps this competition could help breathe new life into Eberechi Eze’s Arsenal career. As well as providing assists for...
It has been a testing few months for the man who scored the winner for Crystal Palace in last season’s FA Cup final. But after being hooked at half-time during the disappointing draw with Brentford on Thursday when Mikel Arteta said he is still adapting to life in north London, perhaps this competition could help breathe new life into Eberechi Eze’s Arsenal career. As well as providing assists for Noni Madueke and Gabriel Martinelli’s opening goals – albeit against a poor Wigan side who are languishing in League One’s relegation zone – the England midfielder’s swagger was back for the first time since he scored a hat-trick in the north London derby in November. Continue reading...
Dutch star’s years of dominance culminates in gold Jutta Leerdam wins silver in Dutch one-two USA’s Erin Jackson misses out on retaining title Speed skater Femke Kok had admitted that anything but gold in her signature 500m race would be a disappointment after opening her Olympic account last Monday with silver in a Dutch one-two alongside Jutta Leerdam in the 1000m. On Sunday evening, she perform...
Dutch star’s years of dominance culminates in gold Jutta Leerdam wins silver in Dutch one-two USA’s Erin Jackson misses out on retaining title Speed skater Femke Kok had admitted that anything but gold in her signature 500m race would be a disappointment after opening her Olympic account last Monday with silver in a Dutch one-two alongside Jutta Leerdam in the 1000m. On Sunday evening, she performed like an athlete insistent on leaving no room for doubt. Kok leveraged two years of total sprint dominance into the first Olympic gold medal of her career. She blew away the field in the women’s 500m in an Olympic-record time of 36.49sec with the kind of controlled, furious circuit that has made her a three-time world champion at the distance at 25 years old. Continue reading...
This proved the game of Scotland’s top-flight season. The seriousness given to it by Rangers, plus their scale of full-time celebration, said much about the progress of their opposition. Hearts’ lead at the summit has been cut to two after the Edinburgh side lost out by two goals. As the scoreline suggests, this was pulsating stuff. Youssef Chermiti was once ridiculed in these parts. His £8m arriv...
This proved the game of Scotland’s top-flight season. The seriousness given to it by Rangers, plus their scale of full-time celebration, said much about the progress of their opposition. Hearts’ lead at the summit has been cut to two after the Edinburgh side lost out by two goals. As the scoreline suggests, this was pulsating stuff. Youssef Chermiti was once ridiculed in these parts. His £8m arrival for Everton was used as a stick with which to beat Kevin Thelwell, the now departed sporting director. Chermiti’s hat-trick against Hearts, added to a recent double at Celtic Park, means he at least has a useful knack of standing up on the big occasion. Rangers’ next task is simple; to build on recent progress and overhaul Hearts. Continue reading...
The equal-weight S&P 500 index looks like a better bet than the weighted index and the Magnificent 7, Goldman says. The equal-weight S&P ( RSP ) is up nearly 6% year to date, with the S&P ( SPY ) ( IVV ) ( VOO ) flat and the Magnificent 7 ETF ( MAGS ) down more than 7%. And equity sales trader Mike Washington says that investors have become "increasingly concerned about the Magnificent 7’s signifi...
The equal-weight S&P 500 index looks like a better bet than the weighted index and the Magnificent 7, Goldman says. The equal-weight S&P ( RSP ) is up nearly 6% year to date, with the S&P ( SPY ) ( IVV ) ( VOO ) flat and the Magnificent 7 ETF ( MAGS ) down more than 7%. And equity sales trader Mike Washington says that investors have become "increasingly concerned about the Magnificent 7’s significant spend on AI, particularly since they have turned to the debt markets to fund some of that spending." Economic optimism is sending investors into industrials ( XLI ), financials ( XLF ), and certain consumer-exposed stocks ( XLY ) ( XLP ), which “would be huge beneficiaries of the accelerating growth that’s expected throughout the first half of this year,” Washington said. Positioning across the Mag 7 trade - Apple ( AAPL ), Alphabet ( GOOG ) ( GOOGL ), Amazon ( AMZN ), Meta ( META ), Microsoft ( MSFT ), Nvidia ( NVDA ), Tesla ( TSLA ) - is "at all-time highs—which suggests that the incremental buyer might not have much dry powder left,” he added. “I expect the Mag 7 to keep underperforming—and S&P equal-weight to be the big winner this year.” More on Roundhill Magnificent Seven ETF, Invesco S&P 500 Eql Wght ETF The Great Commoditization: How To Invest In A Post-AI World Stay Long. Capex-geddon Is A Déjà Vu The Great Substitution: Why Investors Are Skipping Bonds For Dividend Stocks SA Analyst says value still leads but a growth comeback could arrive sooner than expected Traders bet on gradual Fed easing in 2026 as March hold looks likely
mnbb/iStock via Getty Images Commentary as of 12/31/25 The fund posted returns of 2.87% (Institutional shares) and 2.88% (Investor A shares, without sales charge) for the fourth quarter of 2025. Gains in November and December offset weakness in October. Sentiment-based measures led returns, while valuation insights also performed well. Strong stock selection across the financials sector offset wea...
mnbb/iStock via Getty Images Commentary as of 12/31/25 The fund posted returns of 2.87% (Institutional shares) and 2.88% (Investor A shares, without sales charge) for the fourth quarter of 2025. Gains in November and December offset weakness in October. Sentiment-based measures led returns, while valuation insights also performed well. Strong stock selection across the financials sector offset weakness in the information technology (IT) sector. A retained net long position at the upper level of the strategic target was additive. Market timing models remained constructive, justifying the net long position. However, cautious style timing models tightly controlled exposures to momentum and short interest. The result was an increasing preference for value. Similarly, net long positioning in the IT sector shifted from speculative growth areas. ★★★★ Morningstar Overall™ Institutional shares rated against 33 U.S. Fund Equity Market Neutral Funds, as of 12/31/25, based on risk-adjusted total return. Ratings are determined monthly and subject to change. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics. 1 Portfolio management Raffaele Savi, Kevin Franklin, Richard Mathieson Contributors The fund navigated November's volatility, delivering positive results that continued through December. Measures with a strong trend-following footprint drove returns, led by industry selection models and sentiment measures capturing company linkages across key themes. "Smart money" insights rebounded into year-end as investors became more discerning. This also played out via improving returns across analyst and management sentiment measures. Strong performance from value insights was a key driver as market leadership broadened. Japanese stock selection was solid, while long positions across the financials sector stood out as a top contributor across U.S., Eur...
After weeks of debate about whether Pakistan's fixture against India would go ahead at the T20 World Cup, the action failed to deliver and it left the rivalry feeling more political than sporting.
After weeks of debate about whether Pakistan's fixture against India would go ahead at the T20 World Cup, the action failed to deliver and it left the rivalry feeling more political than sporting.
"There doesn't seem to be any shame about this among people who used to feel like you had to have some sort of decorum," Obama said in an interview that was posted on YouTube Saturday. (Image credit: Scott Olson)
"There doesn't seem to be any shame about this among people who used to feel like you had to have some sort of decorum," Obama said in an interview that was posted on YouTube Saturday. (Image credit: Scott Olson)
DoorDash (NASDAQ: DASH) reports its fourth-quarter and full-year 2025 earnings after the bell on Wednesday, Feb. 18. The stock has taken a beating lately, sliding from roughly $230 in early January to around $165 as of mid-February -- a decline of nearly 28% in just six weeks. For scared long-term investors, a pullback like that often signals that it's time to sell. But let's start with what matte...
DoorDash (NASDAQ: DASH) reports its fourth-quarter and full-year 2025 earnings after the bell on Wednesday, Feb. 18. The stock has taken a beating lately, sliding from roughly $230 in early January to around $165 as of mid-February -- a decline of nearly 28% in just six weeks. For scared long-term investors, a pullback like that often signals that it's time to sell. But let's start with what matters most: DoorDash is humming . Last quarter, DoorDash posted revenue of $3.45 billion, up 27% year over year, beating Wall Street estimates. Total orders surged 21% to 776 million. Yet Q3 earnings per share of $0.55 technically missed consensus, and shares got punished after the report. But the miss was driven by deliberate investment spending -- in delivery robots, fulfillment infrastructure, and the Deliveroo integration -- not due to a deteriorating demand. There's a big difference between a company spending to grow and a company watching its business shrink. Continue reading
Torsten Asmus/iStock via Getty Images Fund Commentary For most of the final quarter of 2025, the macroeconomic landscape was shaped as much by what investors couldn't see as by what they could. The U.S. government shutdown—lasting a record 43 days—created a significant information vacuum just as markets sought clarity on growth, inflation, and policy trajectories. Despite the data fog, the global ...
Torsten Asmus/iStock via Getty Images Fund Commentary For most of the final quarter of 2025, the macroeconomic landscape was shaped as much by what investors couldn't see as by what they could. The U.S. government shutdown—lasting a record 43 days—created a significant information vacuum just as markets sought clarity on growth, inflation, and policy trajectories. Despite the data fog, the global macro backdrop proved “good enough” for risk assets. Global growth held firm, inflation stayed sticky but avoided more disruptive outcomes, and most central banks leaned more accommodative than hawkish. In the U.S., elevated downside labor market risk kept U.S. Federal Reserve (“Fed”) easing in play, leading to rate cuts even as the economy expanded. However, policymaker dissents emerged as the Fed Funds rate approached the Federal Open Market Committee’s neutral estimate. International markets—particularly Japan and parts of Europe—offered broadly supportive signals, though political uncertainty occasionally weighed on European sentiment. Since mid-2024, most major developed market central banks have cut rates by 150-200 basis points (1.50%-2.00%) or more, meaning some could be close to the end of their easing cycle. The Bank of Japan remains on a separate trajectory with a gradual pace of rate hikes from a highly accommodative starting point, including two in 2025 and two more expected in 2026. Overall, the global tariff environment proved less disruptive than earlier fears. U.S. monthly tariff collections rose but remained well below levels implied by announced policies, while statutory rates edged lower as deals and exemptions took hold. Still, investors monitored persistent trade-related risks alongside other potential headwinds, including slower AI investment, labor market softening, bond market volatility tied to inflation or fiscal stress, and ongoing risk of geopolitical shocks. Financial markets capped a strong 2025 with 4Q gains across both equities and fixed inc...
Matt Weston produced a stunning run to make more history in Cortina as he became the first Briton to win two gold medals at a Winter Olympics with a thrilling victory in the mixed team skeleton event alongside Tabitha Stoecker.
Matt Weston produced a stunning run to make more history in Cortina as he became the first Briton to win two gold medals at a Winter Olympics with a thrilling victory in the mixed team skeleton event alongside Tabitha Stoecker.
Key PointsQuantum Computing Inc. claims a unique approach to commercializing quantum technology faster than competitors, but its financials tell a different story.
Key PointsQuantum Computing Inc. claims a unique approach to commercializing quantum technology faster than competitors, but its financials tell a different story.