Workflow
Jeep maker Stellantis is taking $26 billion hit over miscalculating EV demand
MarketWatch· 2026-02-06 11:02
Core Viewpoint - Stellantis shares are experiencing significant declines following the announcement of a €22 billion ($25 million) charge due to overestimating the speed of consumer transition to electric vehicles [1] Group 1: Financial Impact - Shares of Stellantis fell approximately 22% in Milan trading, following a previous drop of 5.7% on Thursday [1] - U.S.-listed shares are expected to see a similar decline, indicating a substantial market reaction [1] - If these losses persist, it will represent the largest one-day percentage drop for Stellantis shares, according to FactSet data [1]
Software Stocks Selloff: What's Behind the Rout?
Youtube· 2026-02-06 11:02
Group 1 - The recent selloff in the market is attributed to concerns over the impact of new technologies on traditional sectors such as legal, medical, and financial services, similar to the disruption caused by the Internet [1][2] - There has been a decline in stock values since their peak in summer 2025, indicating a prolonged downturn in certain sectors [1] - The software industry has seen many deals made at peak valuations during and after the COVID pandemic, followed by a sharp rise in interest rates, leading to concerns about overvaluation [5][6] Group 2 - Private equity firms are facing unexpected challenges, with a significant amount of financing for deals being sourced from private credit, raising concerns about the sustainability of these investments [4][6][7] - The market is experiencing a lack of clarity regarding which companies will emerge as winners or losers, leading to indiscriminate selling [9][10] - There is a growing anxiety among investors about the quality of stocks, as many companies are perceived to lack competitive advantages or "moats" [8][9] Group 3 - The current market environment is characterized by a momentum unwind, with significant declines across various asset classes, including Bitcoin and gold, indicating a broader risk-off sentiment [17][19] - The strength of the US dollar is impacting other assets negatively, suggesting a correlation between dollar strength and asset weakness [19][20] - There are concerns about systemic risks in the financial sector, particularly related to leveraged investments and margin calls, especially among retail investors in the US [16][11]
SBI Q3 Results Preview: PAT to fall up to 15% QoQ despite up to 4% likely growth in NII. 5 things to watch
The Economic Times· 2026-02-06 11:01
Brokerages remain divided on the extent of net profit moderation. While Emkay Research remains most optimistic among its peers, pegging the decline at 4%, Nuvama Institutional Equities, YES Securities and Elara Capital see a double-digit decline. The bottom line range is 17,190 crore to Rs 19,430 crore, the estimates revealed.The lender is expected to see a sequential growth of 2.7%-4% in Q3 at Rs 44,162 crore to Rs 44,599 crore. India's largest lender will announce its October-December quarter earnings on ...
SPEEDWAY STUNT COASTER NOW OPEN AT SIX FLAGS MÉXICO
Prnewswire· 2026-02-06 11:01
Core Insights - Six Flags Entertainment Corporation has launched the Speedway Stunt Coaster at Six Flags México, marking a significant addition to its amusement park offerings [1][2] - The new coaster is designed to be family-friendly, catering to guests of all ages and providing an adrenaline-fueled experience [2][3] - The grand opening of the Speedway Stunt Coaster was celebrated with a festival atmosphere, highlighting the company's commitment to creating memorable family experiences [4] Company Overview - Six Flags Entertainment Corporation is the largest regional amusement park operator in North America, with a portfolio that includes 26 amusement parks, 15 water parks, and nine resort properties across 16 states in the U.S., Canada, and Mexico [6] - The company aims to deliver fun and immersive experiences to millions of guests annually through its attractions, including world-class roller coasters and themed experiences [6]
Mortgage and refinance interest rates today, February 6, 2026: Rates may drop in response to the jobs report
Yahoo Finance· 2026-02-06 11:00
Core Insights - Mortgage rates have seen minimal movement this week, with the average 30-year rate at 6.11% and the 15-year rate at 5.50%, both increasing by one basis point [1][13] - There is potential for interest rates to decrease in response to a poor job openings report, suggesting that it may be a good time for consumers to shop around for mortgage options [1] Current Mortgage Rates - The current national average mortgage rates include a 30-year fixed rate of 6.11% and a 15-year fixed rate of 5.50% [1][13] - Refinance rates are generally higher than purchase rates, although this is not always the case [3] Mortgage Rate Trends - Mortgage rates have generally fallen since the end of May and are significantly lower than a year ago, but economists do not expect drastic declines through the end of 2026 [12] - The Mortgage Bankers Association forecasts the 30-year mortgage rate to remain around 6.1% through 2026, while Fannie Mae predicts a similar rate near 6% for the next year [15] Adjustable vs Fixed Rates - Fixed-rate mortgages provide stability with a locked-in rate for the entire loan term, while adjustable-rate mortgages (ARMs) offer lower initial rates that can change after a set period [6][7] - Recent trends show that 5/1 and 7/1 ARMs have rates comparable to or higher than 30-year fixed rates, indicating the need for careful comparison when selecting mortgage options [11]
HELOC and home equity loan rates today, February 6, 2026: Fractions off one-year lows
Yahoo Finance· 2026-02-06 11:00
National average rates for second mortgage products, such as home equity loans and lines of credit, are just fractions off of one-year lows. Well-qualified borrowers are likely to make up that difference if they shop for the best interest rate offers from two or three lenders. HELOC and home equity loan rates: Friday, February 6, 2026 According to real estate analytics firm Curinos, the average HELOC rate is 7.23%, down just two basis points from one month ago. The 52-week HELOC low was 7.19%. The nation ...
Best high-yield savings interest rates today, February 6, 2026 (up to 4% APY return)
Yahoo Finance· 2026-02-06 11:00
Find out if now is the right time to put your money in a savings account. In 2024, the Federal Reserve implemented a series of cuts to the federal funds rate and those rates continued on a downward trend throughout 2025. As a result, deposit interest rates have fallen from their historic highs. Still, it's possible to find high-yield savings accounts paying above 4% APY. So, if you’re looking for the best rates available today, here’s a breakdown of where to find them. What bank currently has the highest ...
Best CD rates today, February 6, 2026 (up to 4% APY return)
Yahoo Finance· 2026-02-06 11:00
See which banks are currently paying the highest CD rates. If you’re looking for a secure place to store your savings, a certificate of deposit (CD) may be a great choice. These accounts often provide higher interest rates than traditional checking and savings accounts. However, CD rates can vary widely. Learn more about CD rates today and where to find high-yield CDs with the best rates available. Banks with the best CD rates right now Today’s CD rates vary quite a bit. In general, however, CD rates hav ...
Best money market account rates today, February 6, 2026 (up to 4.01% APY return)
Yahoo Finance· 2026-02-06 11:00
Find out which banks are offering the best MMA rates right now. The Federal Reserve cut the federal funds rate three times in 2024 and three times in 2025. As a result, deposit interest rates — including money market account rates — have been falling. It’s more important than ever to compare MMA rates and ensure you earn as much as possible on your balance. A look at the best money market account rates today Although money market account rates are elevated by historical standards, the national average r ...
Scorpio Gold Drills 41.22 Metres Grading 0.44 g/t Gold, from 91.29 Metres Along the Reliance Trend at the Manhattan District, Nevada
TMX Newsfile· 2026-02-06 11:00
Core Viewpoint - Scorpio Gold Corp. has announced positive results from its 2025 drilling program at the Manhattan District Project in Nevada, reinforcing the geological model and indicating potential for significant gold mineralization [1][2]. Drilling Results - The company has completed 42 drill holes in the Phase Two diamond drilling program, totaling 13,489 meters, with assays reported for 30 holes amounting to 9,658 meters, while assays for 12 holes totaling 3,831 meters are pending [1][2]. - Notable results include Hole 25MN-039, which returned 0.44 g/t gold over 41.22 meters, and Hole 25MN-037, which contained multiple intervals with grades ranging from 0.20 g/t to 1.37 g/t gold [6][7][8]. Geological Insights - The drilling results continue to support the geological model at Manhattan, particularly along the Reliance Trend, where broad zones of consistent gold mineralization have been observed [2][3]. - Historical and current geological mapping, combined with oriented core diamond drill holes, has enhanced confidence in the structural framework of the Manhattan project [3]. Project Overview - The Manhattan District is located in the Walker Lane Trend of Nevada and is approximately 20 kilometers south of the Round Mountain Gold Mine, which has produced over 15 million ounces of gold [21]. - The maiden mineral resource estimate for the project indicates 18,343,000 tonnes grading 1.26 g/t gold, totaling 740,000 ounces of contained gold in the inferred category [21]. Future Exploration - The company is well-positioned to deliver a steady flow of results as it advances the project across multiple target areas, with twelve additional holes completed and awaiting assays [2][6].