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Big Tech's quarter in four charts: AI splurge and cloud growth
Reuters· 2026-02-06 17:11
U.S. tech giants have predicted their spending would surge this year as they double down on artificial intelligence, sharpening investor scrutiny over whether these costly bets would generate enough r... ...
Texas Commission Approves TXNM Energy Acquisition by Blackstone Infrastructure
Prnewswire· 2026-02-06 17:11
ALBUQUERQUE, N.M., Feb. 6, 2026 /PRNewswire/ -- Today, the Public Utility Commission of Texas (PUCT) approved a unanimous settlement filed in the application by Texas-New Mexico Power Company (TNMP) for TXNM Energy (NYSE: TXNM), the parent company of TNMP, to be acquired by Blackstone Infrastructure. The approval confirms that the acquisition is in the public interest. Terms of the settlement include $45 million in rate credits to customers, strong governance and local oversight, dividend restrictions, fin ...
Stellantis takes massive $26B hit after moving away from EVs
Fox Business· 2026-02-06 17:11
Stellantis on Friday announced it will take a $26.5 billion charge as the automaker cuts back on electric vehicle (EV) production, joining other manufacturers in taking a financial hit after misjudging consumer demand for EVs. Stellantis – the parent company of brands including Chrysler, Jeep, Dodge and Ram – became the latest automaker to take a charge. The $26.5 billion charge is larger than those taken by Ford and General Motors in the wake of the end of federal EV subsidies.The automaker had set ambitio ...
Matthews International: Propelis Exit In 18-24 Months
Seeking Alpha· 2026-02-06 17:10
If you thought our angle on this company was interesting, you may want to check out our idea room, The Value Lab . We focus on long-only value ideas of interest to us, where we try to find international mispriced equities and target a portfolio yield of about 4% . We've done really well for ourselves over the last 5 years, but it took getting our hands dirty in international markets. If you are a value-investor, serious about protecting your wealth, our gang could help broaden your horizons and give some in ...
INVESTOR DEADLINE: Ultragenyx Pharmaceutical Inc. (RARE) Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit, Robbins Geller Rudman & Dowd LLP Announces
Businesswire· 2026-02-06 17:10
SAN DIEGO--(BUSINESS WIRE)---- $RARE #RARE--Ultragenyx allegedly misled investors about setrusumab's potential Phase 3 study success in reducing fracture rates. ...
'Bitcoin is Offensive, Gold is Defensive': Bitwise
Yahoo Finance· 2026-02-06 17:09
Gold and Bitcoin work most effectively when they're in the same portfolio, a Bitwise executive has argued. Speaking at the Digital Assets Forum in London, Bradley Duke, Managing Director and Head of Europe at the digital asset management firm said that gold "is a better cushion" when markets are falling, while BTC offers greater upside during rebounds. "One is more to the upside risk and the other is more protecting against the downside of uncertainty," Duke said. The Bitwise exec was speaking during a ...
Stocks are surging as dip buyers rush in after the week's chaotic tech sell-off
Business Insider· 2026-02-06 17:09
After days of heavy selling, investors look like they're in buy-the-dip mode. US stocks rallied hard on Friday, with traders trying to cap off a week of heavy losses in the tech sector and in software stocks on a high note.The iShares Expanded Tech-Software Sector ETF — which entered a bear market earlier this month as investors panicked over high valuations and AI's potential threat to software companies — surged 3%. The ETF is still down around 30% from its peak late last year. Major indexes soared. The ...
QQQ Poised For A Breakout, JEPQ To Underperform
Seeking Alpha· 2026-02-06 17:09
Building a high-income portfolio is about more than just buying superficially high-yielding assets, it also involves preserving and growing wealth over time. I come here as an investment analyst, not a financial advisor, with the aim of educating readers on how to do both. My focus will be on opportunities that, at a minimum, match the market's risk-return tradeoff and grow their capital base. That means not only identifying new opportunities but also warning investors about misleading ones. In addition, I’ ...
IRS tax refunds are expected to be huge. Here's when to expect yours
Yahoo Finance· 2026-02-06 17:08
Tax refunds are expected to be huge this year, so many Americans may want to know the fastest way to get their hands on theirs is by free, electronic direct deposit. Every year, tax refunds mark the biggest payday of the year for millions of Americans. Typically, 75% of Americans receive refunds each year. The average refund in 2025 was $2,939, IRS data showed. This year, refunds could be as much as 30% more due to new provisions from President Donald Trump's mega tax and spending bill, according to James ...
Cramer calls this drug maker the 'greatest growth stock.' He also names a runner-up
CNBC· 2026-02-06 17:07
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. 1. Stocks rebounded Friday, with the Dow surging more than 950 points or nearly 2%. Jim Cramer feels "pretty good" about what he called the "mighty Dow rally." Club holdings and Dow components Nvidia , Cisco , Boeing , Honeywell , Procter & Gamble , and Nike , were all higher. Amazon , also a Dow stock and portfolio name, was the exception — down 7.5% after Thu ...