Core Insights - US producer prices increased more than expected in December, primarily due to a rise in service prices [1] Summary by Category Producer Price Index - The Producer Price Index (PPI) for final demand rose by 0.5% month-on-month in December, which is an acceleration from the 0.2% increase observed in November [1] - This increase exceeded economists' expectations, who anticipated a similar rise [1]

Group 1 - US stocks opened lower on Friday, primarily due to struggling technology shares [1] - Investors showed comfort with President Donald Trump's nomination of Kevin Warsh as the next chair of the Federal Reserve [1]

Core Insights - Joby Aviation's stock price has dropped significantly, reaching a low of $11, marking its lowest level since July of the previous year [1] - The stock has experienced a nearly 50% decline from its highest level in 2025, indicating a substantial decrease in market capitalization [1]

Core Viewpoint - ExxonMobil's full-year profit decreased in 2025 compared to 2024, primarily due to lower crude oil prices and reduced margins in its chemicals business, despite a strong Q4 performance driven by refining and high output from growth assets [1] Q4 Performance and Key Financials - Q4 2025 earnings per share (EPS) were $1.71, surpassing the consensus estimate of $1.68 - Revenue for Q4 reached $82.31 billion, exceeding the forecast of $81.04 billion, although it declined from the previous year - GAAP earnings for Q4 totaled $6.5 billion, translating to $1.53 per share - Operating activities generated $12.7 billion in cash flow, resulting in free cash flow of $5.6 billion [1][1][1] Operational Highlights and Growth Drivers - Annual earnings fell to $28.8 billion in 2025 from $33.7 billion in 2024, indicating challenges in profitability - The company achieved its highest full-year net production in over 40 years, reaching 4.7 million oil-equivalent barrels per day - Key production drivers included 1.6 million barrels per day from the Permian Basin and over 700,000 barrels per day from Guyana [1][1][1] Capital Allocation and Forward Guidance - The Energy Products segment's full-year earnings increased to $7.4 billion from $4.0 billion in 2024, driven by high refining margins and global throughput - ExxonMobil returned $37.2 billion to shareholders in 2025, including $17.2 billion in dividends and $20.0 billion in share repurchases - The company raised its quarterly dividend by 4%, marking 43 consecutive years of annual dividend-per-share growth - Capital expenditure guidance for 2026 is set between $27 billion and $29 billion, consistent with 2025 spending [1][1][1]

In order to manage lower oil prices, Chevron concentrated on reducing expenses and increasing operational effectiveness. As a result, the company's fourth-quarter profits decreased from the previous y... ...

Microsoft's earnings report delivered a mixed signal that unsettled investors and triggered the company's sharpest one-day share price decline since 2020. The stock slid around 10% on Thursday and sho... ...

Core Viewpoint - CaixaBank achieved a record net profit of €5.891 billion in 2025, marking a 1.8% increase from the previous year, despite a decline in net interest margin due to falling interest rates [1] Financial Performance - The bank's business volume grew by 6.9% to €1.1 trillion, with a 7% expansion in the performing loan book and a 6.8% increase in customer resources, indicating broad-based growth across its activities [1] - Income from services rose by 5.4% to €5.266 billion, while gross income increased by 2.5% to €16.27 billion [1] - Return on tangible equity (ROTE) decreased to 17.5% from 18.1% the previous year, reflecting the impact of reduced interest rates [1] Dividend and Shareholder Remuneration - The board proposed a complementary dividend of €2.32 billion, bringing the total dividend for 2025 to €3.499 billion, which is 15% higher than the previous year [1] - Total shareholder remuneration for 2025 is 59.4% of consolidated net profit, with a commitment to maintain a payout of 50%-60% of net profit in cash through 2026 [1] Strategic Targets and Growth Projections - CaixaBank revised its 2027 ROTE target from 16% to approximately 20%, with an average ROTE of over 18% projected for 2025-2027 [1] - The bank increased its net interest income projection from over €11 billion to close to €12.5 billion by 2027, driven by increased volumes and favorable macroeconomic conditions [1] Capital Strength and Asset Quality - The non-performing loan ratio improved from 2.6% to 2.1%, and the coverage ratio rose to 77%, with a decrease in the stock of questionable loans by €1.611 billion [1] - The fully loaded CET1 capital ratio increased from 12.2% to 12.6%, and the liquidity coverage ratio stood at 202%, significantly above the required minimum [1] Market Reaction - Following the announcement, CaixaBank shares rose by more than 3.6%, leading gains on Spain's IBEX 35 index [1]

Core Viewpoint - Gold and silver prices experienced significant volatility, with a notable decline on Friday after reaching highs earlier in the week [1] Price Movements - Silver prices on COMEX peaked above $120 per ounce earlier in the week, indicating a strong upward trend before the recent downturn [1]

Apple delivered a powerful start to the fiscal year with first-quarter earnings that exceeded expectations and an outlook pointing to growth of up to 16% in the current quarter. Yet alongside the upbe... ...

The FTSE 100 Index continued its rally this week and was hovering near its all-time high as market participants reacted to the key earnings by some American companies and Lloyds Bank. Shell and other energy companies are benefiting from the ongoing crude oil price rally because of rising tensions in the Middle East now that Trump has sent a large armada to the region and Iran has warned of a prolonged fight. It was trading at £10,170, a few points below the all-time high of £10,240. This article explores so ...