Oracle ( NYSE:ORCL ) announced on Friday that it expects to raise $45 billion to $50 billion in cash this year through a balanced mix of debt and equity financing. ...

Giverny Capital Asset Management, LLC, an investment management company, recently published its fourth-quarter 2025 investor letter. A copy of the same can be downloaded here. The Portfolio returned 0.01% compared to 2.66% for the S&P 500. YTD, the fund returned 12.58% compared to 17.88% for the Index. The firm faced a challenging fourth quarter and calendar year, despite solid appreciation. The outperformance of a few large technology companies has negatively impacted performance, given the portfolio's und ...

(Bloomberg) — Devon Energy Corp. (DVN) agreed to acquire rival shale driller Coterra Energy Inc. (CTRA) for about $21.4 billion in stock, one of the largest oil and natural gas deals in years. The deal calls for Coterra stockholders to receive 0.7 Devon shares for each share they own, according to a statement Monday. The company will keep the Devon name, and Devon Chief Executive Officer Clay Gaspar will remain as CEO after the deal closes. Most Read from Bloomberg Bloomberg News first reported the tal ...

Core Insights - Broadcom is gaining momentum in the AI computing sector, competing with Nvidia, but offers a more specialized approach with custom AI chips for clients [1][3] - Broadcom's AI semiconductor division is expected to double year over year in the first quarter, indicating strong growth potential [4] - While Nvidia's data center division saw a revenue growth of 66%, Broadcom's growth is projected to be even better, highlighting a shift in market dynamics [5] Company Strategy - Broadcom designs application-specific integrated circuit (ASIC) chips tailored to the specific needs of each client, contrasting with Nvidia's more generalized GPU offerings [3] - Companies partnering with Broadcom benefit from lower costs compared to Nvidia, which has a profit margin exceeding 50% [4] Market Position - AI semiconductor revenue currently constitutes less than half of Broadcom's total revenue, but this could change if growth continues at its current pace [6] - Analysts expect Broadcom to achieve over 50% revenue growth during fiscal year 2026, indicating a strong market position [6] Valuation Considerations - Broadcom's stock is valued at 32 times forward earnings, aligning with valuations of major tech companies, suggesting it is not overly expensive [7] - The ongoing AI spending spree is anticipated to last until at least 2030, making current valuations reasonable if Broadcom continues to gain market share [7]

Core Viewpoint - The company emphasizes providing actionable and clear investment ideas through independent research, aiming to help members outperform the S&P 500 and avoid significant losses during market volatility [1] Group 1 - The service offers at least one in-depth article per week focused on investment ideas [1] - Members have reportedly achieved better performance than the S&P 500 while mitigating risks associated with extreme market fluctuations in both equity and bond markets [1]

Carlsberg has reached an agreement to offload its stake in its Tibet-based Lhasa Brewery joint venture. In a short statement to Just Drinks, the Danish beer major confirmed it had struck a deal to offload its 50% holding to its "joint venture partner" Tibet Development. According to a filing from Tibet Development with the Shenzhen Stock Exchange on Friday (30 January), the transaction is worth 292m yuan ($42m). Tibet Development will own 100% of Lhasa Brewery, also known as Tibet Lhasa Brewery Co., on ...

Group 1 - The U.S. government is increasing support for the nuclear industry through funding for advanced reactor development, fuel production capacity, and expedited licensing processes [1] - A new Department of Energy (DOE) funding bill allocates $49 billion to the Office of Nuclear Energy, redirecting over $3 billion from other DOE offices [1] - The funding will support the Advanced Reactor Demonstration Program and provide $800 million to GE Vernova and Holtec for small modular reactors [1] Group 2 - The DOE has issued a request for information (RFI) for states to express interest in hosting Nuclear Lifecycle Innovation Campuses, which will support activities across the nuclear fuel life cycle [1] - States such as Wyoming, Tennessee, Texas, Utah, and Idaho are competing to host these campuses, which could attract $50 billion in private sector capital investments [1] - Hosting these campuses may provide significant ongoing revenue for the states and localities, along with the potential for advanced reactor deployment [1] Group 3 - BWX Technologies and GE Vernova are part of the VettaFi Nuclear Renaissance Index, which includes a diversified group of companies across the nuclear value chain [1] - The index serves as the underlying index for the Range Nuclear Renaissance Index ETF, providing investors with exposure to the global growth opportunity in nuclear power [1]

Core Insights - The article discusses the importance of consistent cash flow for goal-based investing, highlighting how different financial goals require tailored investment strategies [1] Group 1: Financial Goals and Investment Strategies - Investors have diverse financial goals, such as saving for college, retirement, or charitable donations, all of which benefit from stable income generation [1] - Northern Trust Asset Management offers Distributing ladder ETFs designed to provide monthly income and return principal annually over preset time periods, up to 30 years [1] Group 2: Specific ETF Offerings - The Northern Trust 2030 Inflation-Linked Distributing Ladder ETF (TIPA) focuses on U.S. Treasury Inflation Protected Securities (TIPS) to help cover college tuition expenses while providing inflation protection [1] - TIPA's portfolio is structured with five 'rungs' corresponding to the years 2026 to 2030, with TIPS maturing at different points within those years [1] - The Northern Trust 2045 Tax-Exempt Distributing Ladder ETF (MUNC) is aimed at long-term retirement goals, investing in municipal bonds to provide tax-exempt income and covering a longer time horizon through 2045 [1] - MUNC's structure includes 20 calendar year rungs, allowing for a more extended period to meet retirement spending needs compared to TIPA [1]

Core Insights - The article discusses the importance of regular income and principal preservation for retirement goals, highlighting the role of Distributing Ladder ETFs as innovative solutions for cash flow management [1] Group 1: Distributing Ladder ETFs Overview - Distributing Ladder ETFs are designed to provide recurring annual cash distributions, addressing challenges such as inflation and taxes that individuals face in retirement planning [1] - Northern Trust Asset Management offers various Distributing Ladder ETFs, including the Northern Trust 2055 Inflation-Linked Distributing Ladder ETF (TIPD) and the Northern Trust 2055 Tax-Exempt Distributing Ladder ETF (MUND), which cater to different investment goals over a 30-year period [1] Group 2: Investment Strategy and Benefits - The laddered structure of these ETFs allows for consistent income and principal distribution, with assets allocated evenly across the 30 years leading to 2055 [1] - These ETFs aim to mitigate interest rate risk associated with bond investing while providing potential inflation protection and tax efficiency, making them suitable for retirement planning [1] Group 3: Additional Offerings - Northern Trust Asset Management provides a range of Distributing Ladder ETFs covering various time horizons, including 5 years and 20 years, allowing for tailored retirement goal planning [1]

Core Insights - Tesla is phasing out the Model S and Model X, which have become less relevant in the current competitive EV market, to focus on more promising growth areas [1][3][5] Group 1: Model S and Model X Performance - Tesla has stopped reporting Model S and X sales separately since Q4 2023, grouping them with the Cybertruck under "other models," which accounted for only 50,850 vehicles in 2025, representing just over 3% of total sales of 1.64 million units [2][8] - Sales of "other models" fell nearly 40% year-over-year in 2025, while Model 3 and Model Y deliveries remained more stable with a decline of about 7% [3][8] - The Model S and Model X now generate less than 5% of Tesla's total revenues, making continued investment in these models unjustifiable [3][8] Group 2: Strategic Shift and Future Plans - Tesla plans to retool its Fremont plant to support the production of Optimus, its humanoid robot, potentially producing up to one million units per year [4][8] - The company is reallocating resources from low-return luxury models to areas with greater long-term growth potential, emphasizing a shift towards robotics, automation, and AI-driven platforms [5][6] - Tesla's capital expenditure for the year is projected to exceed $20 billion, focusing on humanoid robots, autonomous vehicles, and AI chip manufacturing [6][8] Group 3: Comparison with Competitors - Unlike General Motors and Ford, which are adjusting their production strategies to stabilize earnings by focusing on profitable gas-powered vehicles and hybrids, Tesla is exiting low-impact models entirely [10][8] - This strategic exit allows Tesla to free up capital and factory capacity to concentrate on autonomy, robotics, and AI-driven growth [10][8]