HARRISBURG, Pa.--(BUSINESS WIRE)--Mid Penn Bancorp, Inc. ("Mid Penn†) (NASDAQ: MPB), the parent company of Mid Penn Bank, and 1st Colonial Bancorp, Inc. ("1st Colonial†) (OTCPK: FCOB), the parent company of 1st Colonial Community Bank, announced today that they have received all required regulatory approvals to complete the previously announced transaction pursuant to which Mid Penn will acquire 1st Colonial in a cash and stock transaction valued at approximately $101 million. Pending receipt o. ...

A sharp selloff in software and data analytics stocks reveals growing fears that AI tools could cannibalize established industries. ...

Core Viewpoint - The banking sector is outperforming the broader market despite concerns about potential losses from software companies due to recent developments in artificial intelligence [1][9]. Group 1: Banking Sector Performance - Traditional financial institutions have seen steady gains while tech stocks have been declining [2]. - Large and regional bank stocks have increased over the last month, while the S&P Software Index has dropped more than 20% [9][12]. - The KBW Nasdaq Bank Index is up over 2% in the last month, and the KBW Nasdaq Regional Bank Index has risen nearly 11% [12]. Group 2: Exposure to Software Sector - It is challenging to determine the extent of banks' exposure to the software sector, as many do not break down their loan portfolios by sector [3]. - Bank of America reported approximately $14.6 billion in utilized loans to the software industry, representing about 1.8% of its total utilized commercial credit exposure as of September 30, 2025 [4]. - Analyst estimates suggest that tech loans constitute less than 3% of total loan books across the banking industry [4]. Group 3: Historical Context and Investor Behavior - The banking sector's relative stability is reminiscent of its performance after the dot-com bubble burst in 2000, where banks largely remained unscathed despite some credit losses [9][13]. - Investors are currently seeking refuge in the banking sector due to its predictability and lower disruption risk compared to the volatile tech sector [11][13]. - The influx of new investors into the banking sector has contributed to its recent outperformance [14][15].

Market Overview - The Dow Jones Industrial Average closed above 50,000 points for the first time, rising 1,206.95 points, or 2.47%, to finish at 50,115.67 [1][6] - The S&P 500 and Nasdaq Composite also experienced gains, increasing by 1.97% and 2.18%, respectively [1][6] - Positive market sentiment was influenced by a report from the University of Michigan indicating the lowest median 1-year inflation expectations since January 2025 [5] Sector Performance - Nine of the 11 S&P 500 sector indexes rose, with the information technology index leading with a gain of over 3.7% and the industrials index up nearly 2.7% [10] - Chip stocks, including Nvidia, Advanced Micro Devices, and Broadcom, surged by more than 7% due to expectations of increased spending on AI data centers by major companies like Amazon and Alphabet [2][4] Company-Specific Developments - Amazon's stock fell nearly 7% after announcing plans to increase capital expenditures by over 50% this year amid the AI race [4] - Concerns arose among investors regarding potential competition in the AI space affecting margins for several software companies [5]

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Initial Determination Decision Protects Validity of Shoals Intellectual PropertyPORTLAND, Tenn., Feb. 06, 2026 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals”) (Nasdaq: SHLS), a global leader in electrical infrastructure solutions for the energy transition market, announced today that the U.S. International Trade Commission (“ITC”) has issued a favorable initial determination in Shoals’ patent infringement complaint against Voltage, LLC (“Voltage”) and its related foreign entity. On February 6 ...

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) , Red Cat Holdings, Inc. (NASDAQ:RCAT) and 23 other drone manufacturers are preparing for battle at Fort Benning. The objective: Secure a lead position in the War Department's Drone Dominance Program, a massive acquisition initiative valued at $1.1 billion over four phases. RCAT stock is climbing. See the chart and price action here. A New Acquisition PhilosophyThe Drone Dominance Program (DDP) is the brainchild of Secretary of War Pete Hegseth, who ha ...

Shell plc ( SHEL ) just released its Q4 & full-year results for 2025, and they are less than stellar. Its upstream segment in particular has been struggling, in part due to lower oil & gas prices. Its dependence on the mostly unprofitable renewable energy segment continuesAnalyst’s Disclosure: I/we have a beneficial long position in the shares of EQNR, SU, LNG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving comp ...

The company is making inroads on two potential growth segments: driverless cars and solar energy. ...

After moving sharply lower over the past few sessions, stocks showed a substantial move back to the upside during trading on Friday. The major averages all showed substantial upward moves, with the Dow closing above 50,000 for the first time.The major averages reached new highs late in the session before giving back some ground going into the end of the day. The Dow soared 1,206.95 points or 2.5 percent to 50,115.67, the Nasdaq surged 490.63 points or 2.2 percent to 23,031.21 and the S&P 500 jumped 133.90 ...