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Lyft flags storm-hit quarter, clouding $1 billion buyback program; shares down
Reuters· 2026-02-10 21:09
Lyft forecast first-quarter bookings and adjusted core profit below expectations on Tuesday, hit by severe winter storms in parts of the U.S., overshadowing a new $1 billion share repurchase program a... ...
Robinhood reports record quarterly revenue on retail trading strength
Reuters· 2026-02-10 21:09
Robinhood Markets reported record fourth-quarter revenue on Tuesday, as the retail brokerage taps into the growing role of individual traders in the equities markets. ...
Gilead quarterly results beat Wall Street estimates
Reuters· 2026-02-10 21:07
Gilead Sciences on Tuesday reported fourth-quarter sales and profit that came in slightly above Wall Street estimates, while its 2026 financial forecast was at the lower end of analysts' expectations. ...
Ford's quarterly earnings miss forecasts, CEO sees stronger year in 2026
Reuters· 2026-02-10 21:07
Ford Motor's quarterly core profit fell about 50% to $1 billion as it absorbed higher-than-expected costs from a fire at an aluminum supplier, but CEO Jim Farley predicted strong performance this year... ...
Blackstone boosts stake in AI startup Anthropic to about $1 billion, source says
Reuters· 2026-02-10 20:56
Core Insights - Blackstone is increasing its investment in Anthropic, the maker of the Claude chatbot, raising its stake to approximately $1 billion at a valuation of around $350 billion [1] Company Summary - Blackstone's investment in Anthropic signifies a strong confidence in the growth potential of AI technologies, particularly in the chatbot sector [1] - The valuation of Anthropic at $350 billion reflects the increasing market interest and competition in AI-driven solutions [1]
Australian bank CBA posts record first-half cash earnings on lending growth
Reuters· 2026-02-10 20:38
Core Insights - Commonwealth Bank of Australia reported record first-half cash earnings, driven by strong growth in lending and deposit volumes, despite margin pressures from tight competition [1] Group 1: Financial Performance - The bank achieved record cash earnings in the first half of the year, indicating robust financial health and operational efficiency [1] - Growth in lending and deposit volumes contributed significantly to the earnings, showcasing the bank's strong market position and customer trust [1] Group 2: Market Conditions - Margins were under pressure due to tight competition in the banking sector, highlighting the challenges faced by financial institutions in maintaining profitability amidst competitive pricing [1]
Pfizer to collect $29 million from SEC case against Steven A. Cohen hedge fund
Reuters· 2026-02-10 20:20
Core Points - Pfizer has agreed to pay $29 million to resolve a dispute with the U.S. Securities and Exchange Commission (SEC) related to a 2013 insider trading settlement involving billionaire Steven A. Cohen [1] Company Summary - The settlement amount of $29 million indicates Pfizer's willingness to resolve regulatory disputes without prolonged litigation [1] - This resolution may help Pfizer maintain its reputation and focus on core business operations, potentially impacting investor confidence positively [1] Industry Summary - The case highlights ongoing scrutiny and regulatory challenges faced by companies in the pharmaceutical industry regarding insider trading practices [1] - The resolution of such disputes is crucial for maintaining market integrity and investor trust in the pharmaceutical sector [1]
Exclusive: TotalEnergies takes over 100% of Zeeland refinery from co-owner Lukoil, sources say
Reuters· 2026-02-10 20:14
Core Viewpoint - TotalEnergies has regained full ownership of the Zeeland refinery in the Netherlands by acquiring the remaining 45% stake from Russia's Lukoil, indicating a strategic move to consolidate its operations in the region [1] Company Summary - TotalEnergies has successfully re-acquired the 45% stake in the Zeeland refinery, which enhances its control over the facility and aligns with its broader strategic objectives [1] - The acquisition reflects TotalEnergies' commitment to strengthening its position in the European refining market [1] Industry Summary - The move by TotalEnergies to take full ownership of the Zeeland refinery may signal a trend of consolidation within the oil refining sector, particularly in response to geopolitical factors affecting ownership structures [1] - This acquisition could impact the competitive landscape in the European oil market, as companies reassess their positions amid changing dynamics [1]
Stellantis seeks to exit battery venture with Samsung as EV losses mount, Bloomberg News reports
Reuters· 2026-02-10 19:35
Stellantis NV is looking to exit its U.S. battery joint venture with South Korea's Samsung SDI Co. as the automaker scales back its electric-vehicle ambitions, Bloomberg News reported on Tuesday, citing people familiar with the matter. ...
Brazil's Agibank slashes US IPO size by over 50%, slices price range
Reuters· 2026-02-10 19:34
Brazilian fintech Agibank has downsized its U.S. initial public offering by more than 50% and slashed the proposed price range, according to a regulatory filing on Tuesday. ...