A tour bus carrying Chinese tourists plunged through the ice on Russia’s Lake Baikal, killing eight people, officials said. One of the Chinese tourists managed to escape from the bus, which was crossing the frozen lake on Friday, Irkutsk regional Governor Igor Kobzev wrote in a Telegram post on Saturday. He said the dead included seven Chinese tourists and the driver. The bus plunged into a three-...
A tour bus carrying Chinese tourists plunged through the ice on Russia’s Lake Baikal, killing eight people, officials said. One of the Chinese tourists managed to escape from the bus, which was crossing the frozen lake on Friday, Irkutsk regional Governor Igor Kobzev wrote in a Telegram post on Saturday. He said the dead included seven Chinese tourists and the driver. The bus plunged into a three-metre-wide (10-foot-wide) ice crevasse, Russia’s Emergencies Ministry reported. The lake is 18...
According to an SEC filing dated Feb. 17, 2026, HG Vora Capital Management, LLC, sold its entire holding of Six Flags Entertainment (NYSE:FUN) , a change of 2,175,000 shares. The estimated transaction value is $49.42 million, calculated using the average share price for the quarter. The fund held no shares of Six Flags at year end. The fund fully liquidated its Six Flags stake, which previously ma...
According to an SEC filing dated Feb. 17, 2026, HG Vora Capital Management, LLC, sold its entire holding of Six Flags Entertainment (NYSE:FUN) , a change of 2,175,000 shares. The estimated transaction value is $49.42 million, calculated using the average share price for the quarter. The fund held no shares of Six Flags at year end. The fund fully liquidated its Six Flags stake, which previously made up 6.7% of AUM in the prior quarter. Top holdings after the quarter: Continue reading
4kodiak/iStock Unreleased via Getty Images Hedge fund positioning in Amazon ( AMZN ) was mixed in Q4 2025, with several large institutional holders trimming exposure while a handful of high-profile managers boosted stakes or initiated new positions. Among the largest shareholders, JPMorgan reduced its common stock holdings by 12%, cutting more than 22.6 million shares to 160.0 million shares. Morg...
4kodiak/iStock Unreleased via Getty Images Hedge fund positioning in Amazon ( AMZN ) was mixed in Q4 2025, with several large institutional holders trimming exposure while a handful of high-profile managers boosted stakes or initiated new positions. Among the largest shareholders, JPMorgan reduced its common stock holdings by 12%, cutting more than 22.6 million shares to 160.0 million shares. Morgan Stanley made a modest 1% reduction but remains a major holder with more than 161.5 million shares. The most notable reduction came from Berkshire Hathaway, which slashed its Amazon stake by 77%, reducing holdings from 10 million shares to roughly 2.3 million. Third Point trimmed its position by 23%, while Tiger Global lowered exposure by 9%. Appaloosa also reduced its stake by 13%. On the other hand, several managers increased exposure meaningfully. Pershing Square boosted its holdings by 65%, adding nearly 3.8 million shares. Point72 lifted its stake by 68%, while Coatue increased holdings by 14%. Whale Rock raised its position by 28%, and Duquesne expanded its stake by 69%. New positions also emerged during the quarter. Baupost initiated a sizeable stake of 2.1 million shares, while Renaissance Technologies opened a position of nearly 891,000 shares. 3G Capital established a smaller new holding of 130,000 shares. Elsewhere, Soros Fund Management increased its common position by 6%. Eminence Capital, Ark Invest, Corvex, Bridgewater, and Goldman Sachs maintained largely steady positions in Q4 2025, with only marginal percentage changes during the quarter. More on Amazon Amazon: History Rhymes As E-Commerce Playbook Meets AI Amazon Stock Still Makes No Sense This Is A Stock Picker's Market After the Supreme Court's tariff ruling, here's what could be next for stocks Amazon, ASML lead tech sector layoffs in 2026 as total crosses 26,000
Was Climate Change The Greatest Financial Scandal In History? Authored by Stephen Moore via The Epoch Times, Environmental scholar Bjorn Lomborg recently calculated that across the globe, governments have spent at least $16 trillion feeding the climate change industrial complex. And for what? Arguably, not a single life has been or will be saved by this shameful and colossal misallocation of human...
Was Climate Change The Greatest Financial Scandal In History? Authored by Stephen Moore via The Epoch Times, Environmental scholar Bjorn Lomborg recently calculated that across the globe, governments have spent at least $16 trillion feeding the climate change industrial complex. And for what? Arguably, not a single life has been or will be saved by this shameful and colossal misallocation of human resources. The war on safe and abundant fossil fuels has cost countless lives in poor countries and made those countries poorer by blocking affordable energy. Since the global warming crusade started some 30 years ago, the temperature of the planet has not been altered by one-tenth of a degree—as even the alarmists will admit. In other words, $16 trillion has been spent—a lot of people got very, very rich off the government largesse—but there is not a penny of measurable payoff. But it’s much worse than that. In economics there is a concept called opportunity cost: What could we have done with $16 trillion to make the world better off? What if the $16 trillion had been spent on clean water for poor countries? Preventing avoidable deaths from diseases like malaria? Building schools in African villages to end illiteracy? Bringing reliable and affordable electric power to the more than 1 billion people who still lack access? Curing cancer? Many millions of lives could have been saved. We could have lifted millions more out of poverty. The benefits of speeding up the race for the cure for cancer could have added tens of millions of additional years of life at an economic value in the tens of trillions of dollars. Instead, we effectively poured $16 trillion down the drain. For this reason, it is important that we identify the green “climate change” derangement syndrome as perhaps the most inhumane political movement in history. The one sliver of good news is that it appears the climate change neuroses have finally started to subside. We’ve reached peak global warming craziness ...
The stock market staged a comeback last week, even as Wall Street waded through a flurry of both upbeat and unsettling headlines. The Nasdaq broke its five-week losing streak on Friday, buoyed by strong advances from our big tech names like Meta Platforms , Nvidia and Amazon . The tech-heavy index ended the week 1.9% higher. The S & P 500 rose 1.1% during the holiday-shortened week, snapping a two...
The stock market staged a comeback last week, even as Wall Street waded through a flurry of both upbeat and unsettling headlines. The Nasdaq broke its five-week losing streak on Friday, buoyed by strong advances from our big tech names like Meta Platforms , Nvidia and Amazon . The tech-heavy index ended the week 1.9% higher. The S & P 500 rose 1.1% during the holiday-shortened week, snapping a two-week skid. The Supreme Court's ruling against President Donald Trump 's emergency tariffs on Friday helped lift shares of many consumer-facing companies burdened by higher costs from imports. The index may have gained even more for the week if it weren't for private credit worries stemming from Blue Owl Capital , which caused volatility in some financial names. All of our bank stocks, at least, remained above the fray and finished the week higher, led by a 2% gain for Wells Fargo . Goldman Sachs wasn't far behind, up 1.9%. Capital One added 0.5%. We'll see if the rebound can last into Monday. Until then, here are three drivers of the stock market and our portfolio over the past four trading sessions. .SPX YTD mountain S & P 500 (SPX) year to date performance Supreme Court tariff decision The S & P 500 advanced 0.7% on Friday after the Supreme Court struck down the bulk of Trump's far-reaching tariff agenda in a 6-3 decision. The high court argued that no president had ever used the statute in question "to impose any tariffs, let alone tariffs of this magnitude and scope." Trump must "point to clear congressional authorization" to justify the "extraordinary" tariff powers, the majority wrote. "He cannot." Trump pushed back on Friday afternoon with threats of 10% global tariffs. Those new levies, however, can only last for 150 days without more congressional action to extend. Trump posted on Truth Social on Saturda y about additional tariffs, too. Maybe a clearer picture will emerge when the president delivers his State of the Union address to Congress on Tuesday. The court'...
Marathon Petroleum (NYSE: MPC) , the largest independent U.S. refiner, is up 21% this year after fourth-quarter adjusted earnings of $4.07 per share crushed analyst expectations. Refining margins did the heavy lifting, with the company capturing 114% of the benchmark crack spread, up from 96% in the third quarter. That drove cash from operations to $2.7 billion, nearly 60% above the prior year. Du...
Marathon Petroleum (NYSE: MPC) , the largest independent U.S. refiner, is up 21% this year after fourth-quarter adjusted earnings of $4.07 per share crushed analyst expectations. Refining margins did the heavy lifting, with the company capturing 114% of the benchmark crack spread, up from 96% in the third quarter. That drove cash from operations to $2.7 billion, nearly 60% above the prior year. During the year, Marathon returned $4.5 billion to shareholders through a combination of share repurchases and dividends. The cash return story, though, is getting stronger from here, and it doesn't need peak margins to hold. Continue reading
DC Mark Luker used offensive language about Romas, Gypsies and Travellers in a WhatsApp group A police officer who was one of the first on the scene of the 2017 London Bridge terror attack has been sacked for gross misconduct after using “derogatory” language about Romas, Gypsies and Travellers. DC Mark Luker of the British Transport Police (BTP) used offensive language in a WhatsApp group he was ...
DC Mark Luker used offensive language about Romas, Gypsies and Travellers in a WhatsApp group A police officer who was one of the first on the scene of the 2017 London Bridge terror attack has been sacked for gross misconduct after using “derogatory” language about Romas, Gypsies and Travellers. DC Mark Luker of the British Transport Police (BTP) used offensive language in a WhatsApp group he was in with other police officers. Continue reading...
asbe Earnings this week offered a broad view of the U.S. economy, with 52 S&P 500 companies reporting results. Most of the earnings updates came from industrials, utilities and consumer discretionary sectors. Earnings Roundup: Of the 52 S&P 500 companies that reported earnings this week, 34 beat EPS expectations, 14 missed, and 4 came in line. On a year-over-year basis, 33 companies reported highe...
asbe Earnings this week offered a broad view of the U.S. economy, with 52 S&P 500 companies reporting results. Most of the earnings updates came from industrials, utilities and consumer discretionary sectors. Earnings Roundup: Of the 52 S&P 500 companies that reported earnings this week, 34 beat EPS expectations, 14 missed, and 4 came in line. On a year-over-year basis, 33 companies reported higher EPS this quarter versus the prior year, while 19 companies had EPS that was lower than last year. On the top line, 34 companies topped revenue estimates, while 18 fell short. Year over year, 41 companies had higher revenue year over year, while 11 companies had lower revenue. Actual Earnings & Revenue vs. Wall Street Estimates (Seeking Alpha) Let’s take a look at some of the companies that reported earnings this week: Walmart ( WMT ) reported its most recent quarterly results, which showed solid sales and earnings performance but came with a somewhat cautious outlook for the year ahead. Q4 adjusted EPS came at $0.74, beating estimates by $0.01, while revenue rose 5.6% Y/Y to $190.7B, topping estimates by $2.38B. Looking ahead, the retailer guided for FY27 of $2.75 to $2.85 (midpoint $2.80) vs. the $2.97 consensus mark. Occidental Petroleum ( OXY ) generated Q4 adjusted income of $0.31, ahead of the $0.18 expected, while revenue totaled $5.42B, down 5.2% Y/Y and falling short of estimates by $195.3M. The firm said it strengthened its balance sheet with the completion of the OxyChem sale on January 2, 2026, reducing debt by $5.8B since mid-December 2025 and bringing principal debt to date to $15B. While Palo Alto Networks ( PANW ) beat analyst estimates on both revenue and earnings per share for the quarter, the stock slid after the company issued forward guidance that disappointed investors. Management trimmed its annual profit forecast to $3.65 to $3.70 (vs. $3.80 to $3.90 previously) and projected a softer adjusted EPS range for the upcoming quarter, reflecting higher ac...
Travelers look at a flight status board as flights are delayed and cancelled following a significant winter storm at Ronald Reagan Washington National Airport in Arlington, Virginia, January 26, 2026. Saul Loeb | Afp | Getty Images U.S. airlines waived cancellation and change fees for flights from Virginia to Maine ahead of another massive winter storm that's set to once again put carriers to the ...
Travelers look at a flight status board as flights are delayed and cancelled following a significant winter storm at Ronald Reagan Washington National Airport in Arlington, Virginia, January 26, 2026. Saul Loeb | Afp | Getty Images U.S. airlines waived cancellation and change fees for flights from Virginia to Maine ahead of another massive winter storm that's set to once again put carriers to the test at the tail-end of winter break. Delta Air Lines , American Airlines , JetBlue Airways , United Airlines and Spirit Airlines waived fees and fare differences for passengers if they can travel as late as Feb. 26. Southwest Airlines said customers are eligible for a change without paying a difference in fare if they can rebook to fly or fly standby within two weeks. The storm could bring between 13 and 18 inches of snow to parts of southern Connecticut and southeast New York, as well as winds of up to 55 miles per hour, according to the National Weather Service. The blizzard warning is set to begin at 6 a.m. ET Sunday. As of 11:30 a.m. ET Saturday, cancellations were minimal around the U.S. for Sunday's schedule ahead of the storm, whose impacts are forecast to last through much of Monday. Winter Storm Fern in January, followed by bitter cold, caused mass travel disruptions across a large swath of the U.S. American Airlines had struggled to recover, drawing harsh criticism from flight crews, some of whom were stranded and had to sleep at airports, heightening tension between frontline employees and the company's CEO, Robert Isom. The storm cost American between $150 million and $200 million in revenue, the carrier said last month on an earnings call. Read more CNBC airline news Spirit Airlines sells more planes, calls back 500 flight attendants from furlough ahead of spring break FAA abruptly halted El Paso flights over Defense Department’s plans for anti-drone technology Pressure mounts on American Airlines CEO as carrier lags rivals Southwest ends open seating after 54...
A whole haberdasher’s worth of experience, led by the peerless Gibson-Park, fairly tormented their younger and more hopeful hosts So it looks as if it might have been a bubble. England’s 12-match winning run came to a shuddering halt last week , but it was possible to believe that flop might prove a one-off – a chastened Scotland at home, after all, has been the downfall of many an England team. W...
A whole haberdasher’s worth of experience, led by the peerless Gibson-Park, fairly tormented their younger and more hopeful hosts So it looks as if it might have been a bubble. England’s 12-match winning run came to a shuddering halt last week , but it was possible to believe that flop might prove a one-off – a chastened Scotland at home, after all, has been the downfall of many an England team. Well, there are scattered strips of latex all over Twickenham now, England’s balloon more than spectacularly popped by an Ireland side who are hardly afraid of inspirational rugby against this lot themselves. Continue reading...
Stock prices tend to fluctuate over time, but Microsoft (NASDAQ: MSFT) is working through a doozy of a slump, at least by the tech giant's standards. Shares of Microsoft have dropped more than 25% below their high, the stock's second-worst drawdown in the past 10 years. A proven, world-class tech giant such as Microsoft doesn't go down easily. The decline signals trouble; Wall Street is sounding a...
Stock prices tend to fluctuate over time, but Microsoft (NASDAQ: MSFT) is working through a doozy of a slump, at least by the tech giant's standards. Shares of Microsoft have dropped more than 25% below their high, the stock's second-worst drawdown in the past 10 years. A proven, world-class tech giant such as Microsoft doesn't go down easily. The decline signals trouble; Wall Street is sounding an alarm. So, what exactly is going on? Continue reading
Nasa’s new moon rocket suffered another setback Saturday, putting next month’s planned launch with astronauts in jeopardy. The space agency revealed the latest problem just one day after targeting March 6 for humanity’s first flight to the moon in more than half a century. Overnight, the flow of helium to the rocket’s upper stage was interrupted, officials said. Solid helium flow is required for l...
Nasa’s new moon rocket suffered another setback Saturday, putting next month’s planned launch with astronauts in jeopardy. The space agency revealed the latest problem just one day after targeting March 6 for humanity’s first flight to the moon in more than half a century. Overnight, the flow of helium to the rocket’s upper stage was interrupted, officials said. Solid helium flow is required for launch. This helium issue has nothing to do with the hydrogen fuel leaks that marred a countdown...