Shell CEO says LNG sector growing faster than gas, around 3% per annum
Reuters· 2026-02-02 10:33
Shell's CEO Wael Sawan said on Monday that the liquefied natural gas (LNG) sector was expanding at a rate of about 3% per annum, outpacing the gas market. ...
Geely-Backed Polestar Announces $400 Million In Funding Via Special Purpose Vehicle - Polestar Automotive (NASDAQ:PSNY)
Benzinga· 2026-02-02 10:32
Geely Automobile Holdings Ltd.-backed (OTC:GELYF) (OTC:GELHY) Polestar Automotive Holding UK PLC (NASDAQ:PSNY) has secured over $400 million in funding through a Special Purpose Vehicle (SPV).Sumimoto Mitsui, Standard Chartered Funded PolestarThe Swedish automaker, in an official statement on Monday, announced that Sumimoto Mitsui Banking Corp., as well as Standard Chartered Bank Ltd. (Hong Kong), invested $200 million each via Feathertop Funding Ltd., a special purpose vehicle.Both institutions will purcha ...
Bitcoin Supercycle 2026 Cancelled! — Changpeng Zhao (CZ) Explains Why
Yahoo Finance· 2026-02-02 10:32
Core Insights - Changpeng Zhao (CZ) has revised his earlier prediction of a Bitcoin "supercycle" for 2026 due to market turbulence and criticism [1][2] - The crypto market is currently viewed as highly unpredictable, influenced by misinformation and global macroeconomic factors [3][4] Market Sentiment - CZ's initial confidence in a multi-year bull run was based on institutional adoption and favorable regulations, but recent events have led to a more cautious outlook [3][5] - Bitcoin has recently dropped to yearly lows below $75,000, while gold and silver have lost over $10 trillion in market value [3] Factors Influencing Market Dynamics - Macroeconomic instability, including rising inflation and uncertain monetary policies, is affecting crypto valuations [6] - Geopolitical tensions and policy changes are increasing market uncertainty [6] - Market FUD (fear, uncertainty, doubt) has caused rapid price fluctuations and significant liquidations, exemplified by a $500 million event on January 29-30, 2026 [6] Long-term Outlook - Despite short-term challenges, long-term prospects for Bitcoin and crypto remain, driven by factors such as institutional adoption, regulatory clarity, and technological advancements [7] - CZ encourages the crypto community to focus on long-term strategies like "buy and hold" rather than reacting to market noise [5][4]
Best Income Stocks to Buy for February 2nd
ZACKS· 2026-02-02 10:30
Group 1 - Aviva plc (AVVIY) has seen a 4.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days and offers a dividend yield of 3.7%, significantly higher than the industry average of 1.7% [1] - Burke & Herbert Financial Services Corp. (BHRB) has experienced a 4.5% increase in the Zacks Consensus Estimate for its current year earnings in the past 60 days, with a dividend yield of 3.4%, compared to the industry average of 0.0% [2] - Southwest Airlines Co. (LUV) has reported a substantial 33.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2]
'The Cycle Has Passed' On IDBI's Micro Finance Concerns': IDFC FIRST Bank's CEO
Www.Ndtvprofit.Com· 2026-02-02 10:30
In a recent interaction, V. Vaidyanathan, MD and CEO of IDFC FIRST Bank, addressed concerns surrounding IDBI MicroFinance, stating that the rough period is behind the industry. He spoke about the bank's strong performance, with a 48% profit growth driven by NIM expansion and lower credit costs. Vaidyanathan also shared the bank's guidance for FY26, expecting NIM to improve to 5.85% in Q4 and credit costs to fall. Comprehensive Budget 2026 coverage, LIVE TV analysis, Stock Market and Industry reactions, Inc ...
Heard on the Street: Kevin Warsh, President Trump's nominee to lead the Fed, once warned that continuing to expand the central bank's balance sheet would carry “significant risks”
WSJ· 2026-02-02 10:30
Core Viewpoint - Kevin Warsh's perspective on 'regime change' at the central bank suggests potential tightening of monetary policy, which could lead to challenging conditions for financial markets [1] Group 1: Central Bank Implications - Warsh advocates for a shift in the central bank's approach, indicating that current policies may not be sustainable in the long term [1] - The proposed changes could result in increased interest rates, impacting borrowing costs and overall market liquidity [1] Group 2: Market Reactions - Financial markets may experience volatility as investors adjust to the anticipated changes in monetary policy [1] - The potential for tighter monetary conditions could lead to a reassessment of asset valuations across various sectors [1]
Top 3 Health Care Stocks That May Implode In Q1
Benzinga· 2026-02-02 10:29
Core Insights - Three stocks in the health care sector are signaling potential warnings for momentum-focused investors as of February 2, 2026 [1] Group 1: Momentum Indicators - The Relative Strength Index (RSI) is a key momentum indicator that compares a stock's performance on days with price increases to days with price decreases, helping traders gauge short-term performance [2] - A stock is generally considered overbought when its RSI exceeds 70, indicating potential caution for investors [2] Group 2: Specific Stocks - Brookdale Senior Living Inc (NYSE:BKD) and Mirum Pharmaceuticals Inc (NASDAQ:MIRM) are highlighted as major overbought stocks in the health care sector [3] - Amicus Therapeutics has seen a significant stock price increase of approximately 139% over the past six months, with a recent RSI value of 80.4, indicating it is overbought [3] - The stock of Amicus Therapeutics closed at $14.29, slightly up by 0.1% on the last trading day, with a 52-week high of $14.38 [3]
Top 3 Health Care Stocks That May Implode In Q1 - Brookdale Senior Living (NYSE:BKD), Amicus Therapeutics (NASDAQ:FOLD)
Benzinga· 2026-02-02 10:29
As of Feb. 2, 2026, three stocks in the health care sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to ...
Oracle to raise up to $50bn for cloud infrastructure buildout
Yahoo Finance· 2026-02-02 10:28
Funding Plans - Oracle plans to secure between $45 billion and $50 billion in funding during 2026 to expand its cloud infrastructure capacity to meet demand from clients like AMD, Nvidia, Meta, OpenAI, TikTok, and xAI [1] - The funding will be raised through a combination of equity and debt financing, with an approximate split of 50% for each approach [1] Equity Financing - For the equity portion, Oracle will utilize a mix of equity-linked and common equity issuances, including an initial offering of mandatory convertible preferred securities and an at-the-market equity program authorized for up to $20 billion [2] - Shares will be issued under this program in line with market prices and capital requirements [2] Debt Financing - Oracle expects to complete a single issuance of investment-grade senior unsecured bonds early in 2026, with no additional bond offerings planned for the year beyond this transaction [3] - Goldman Sachs & Co. will lead the senior unsecured bond offering, while Citigroup will manage the at-the-market equity issuance and the convertible preferred equity offering [3] Strategic Goals - The funding approach aims to preserve Oracle's investment-grade rating and maintain balance sheet strength while expanding cloud services [4] - Oracle anticipates 2026 to be a pivotal year for advancing AI in the US, focusing on building AI infrastructure to support medical research, scientific breakthroughs, and economic growth [4] AI Infrastructure Development - Oracle is developing AI data center campuses in collaboration with OpenAI in Texas and other sites in New Mexico, Wisconsin, and Michigan, with a commitment to benefit local communities [5] - The company plans to fund on-site power generation or grid upgrades and implement closed-loop cooling systems to limit water use [5] AI Supercomputer Collaboration - In October 2025, Oracle and Nvidia collaborated to build an AI supercomputer named Solstice at Argonne National Laboratory for the US Department of Energy, achieving a combined output of 2,200 exaflops of AI performance [6]
Stock Market Today: S&P 500, Dow Futures Decline Amid Kevin Warsh's Fed Chair Nomination—Walt Disney, Strategy, GameStop In Focus - State Street SPDR S&P 500 ETF Trust (ARCA:SPY)
Benzinga· 2026-02-02 10:27
U.S. stock futures fell on Monday following Friday’s declines. Futures of major benchmark indices were lower.President Donald Trump‘s nomination of Kevin Warsh to lead the Federal Reserve was followed by a sharp sell-off in Friday’s session. Precious metals Gold and Silver also saw a sharp drop in their prices after a record-breaking rally in January. Meanwhile, the 10-year Treasury bond yielded 4.22%, and the two-year bond was at 3.52%. The CME Group's FedWatch tool‘s projections show markets pricing an 85 ...