CINCINNATI, Feb. 18, 2026 (GLOBE NEWSWIRE) -- The E.W. Scripps Company (NASDAQ: SSP) has named Oliver Gray vice president, network sports and client partnerships, effective immediately, adding a proven sports sponsorship and advertising leader to fuel growth across its expanding sports and entertainment platforms. Gray will lead efforts to connect national advertisers with Scripps’ platforms – including its rapidly growing sports portfolio – and will work closely across Scripps’ network sales and Scripps Sp ...

Core Viewpoint - Berkshire Hathaway sold 77% of its Amazon stake in Q4, indicating a significant reduction in its investment before Warren Buffett stepped back as CEO [1] Group 1: Investment Actions - Berkshire Hathaway sold 7,724,000 shares of Amazon, reducing its holdings from 10 million shares to 2,276,000 shares valued at $525 million [1] - The initial investment in Amazon was made in 2019, with shares valued at approximately $930 million, which expanded to about $2.1 billion by Q3 of the previous year [1] Group 2: Management and Strategy - The sale of Amazon shares was managed by investment managers, not Warren Buffett himself, suggesting that the decision may not reflect Buffett's personal views [1] - Todd Combs, one of the investment managers linked to tech investments, resigned from Berkshire in December, which may have influenced the timing of the Amazon sale [1] Group 3: Company Performance - Amazon Web Services achieved a $142 billion annual revenue run-rate, with growth at its fastest pace in three years, indicating strong performance in the cloud sector [1] - Amazon plans to invest $200 billion in capital expenditures this year, focusing on data centers and AI infrastructure, which highlights its commitment to growth in these areas [1] Group 4: Market Outlook - Amazon's stock has declined 13% in 2026, particularly after a Q4 earnings report that showed slower-than-expected growth, making the sale appear timely [1] - Analysts project Amazon's revenue to reach $805 billion in 2026, with operating margins at 14.4%, and average price targets of $287 per share, indicating a potential upside of 44% [1]

This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Wednesday. I've been craving birria since reading about the Mike's Red Tacos new franchising plan.Stock futures are higher this morning. The three major indexes all ended yesterday's session little changed.Here are five key things investors need to know to start the trading day:1. Delivery troublesThe logo and lettering of online retailer Amazon can be seen on the façade of Amazon Germany's headquarters. ...

UBS lifts forecast for big tech bond sales this year | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A logo of Swiss bank UBS is seen in Zurich, Switzerland, May 1, 2025. REUTERS/Denis Balibouse/File Photo [Purchase Licensing Rights, opens new tab]- Companies- Summary- UBS sees companies tapping more non-dollar markets- US leveraged loans forecast to drop- US investment grade bond issuance seen at $360 billionLONDON, Feb 18 (Reuter ...

5,258,842+$14.58+5.06%$303.01[Enphase Energy][ENPH]• Vol: 6,112,270+$2.15+4.94%$45.64[New Pluto Global][PSKY]• Vol: 13,681,115+$0.51+4.94%$10.83## Top Losing Stocks[Genuine Parts][GPC]• Vol: 4,107,564-$21.4214.56%$125.74[Allegion][ALLE]• Vol: 2,285,641-$16.839.38%$162.67[Leidos] [LDOS]• Vol: 2,595,907-$14.778.38%$161.53[Vulcan Materials][VMC]• Vol: 2,068,251-$25.437.76%$302.22[FactSet Research Systems][FDS]• Vol: 1,453,434-$15.737.64%$190.06 Why Did Buffett Dump Amazon? - 24/7 Wall St.[S&P 5006,872.60 +0.30 ...

Walmart CEO John Furner, left, and Target CEO Michael Fiddelke.Walmart (L) | Getty Images (R)When Walmart and Target report holiday earnings this quarter, investors may quickly brush off those results. Instead, they will likely focus more on the two big-box retailers' futures under new CEOs and the outlook for U.S. consumers in 2026. Both companies had leadership changes this month: Walmart CEO John Furner and Target CEO Michael Fiddelke, both longtime company insiders, took on their roles on Feb. 1.The riv ...

Markets have been volatile, with the S&P 500 ending 0.1 per cent higher on Tuesday after falling as much ‌as 0.9 per cent ⁠early in the ⁠session. The Nasdaq and the Dow also saw similar reversals. Wall Street's main indexes have been rocked this month by worries of disruption ​from rapidly improving AI tools that hit sectors from software to trucking.Broader AI-linked and megacap technology stocks had also lost ​ground as investors looked for stronger evidence the heavy investments in the technology were t ...

Alibaba is expected to report an EPS of $1.91 and revenue of $41.9 billion for the upcoming quarter.The company faces a securities fraud investigation which could impact investor sentiment.Despite challenges, Alibaba's cloud revenue has grown by 34% year-over-year, indicating strong demand for its services.Alibaba Group Holding Limited (NYSE:BABA) is gearing up for its quarterly earnings release on February 19, 2026. Analysts are projecting an earnings per share (EPS) of $1.91 and anticipate revenue to be a ...

While Klarman was loading up on shares of e-commerce and cloud infrastructure service titan Amazon, he was sending shares of a trillion-dollar competitor to the chopping block.Nothing is more valuable on Wall Street than data -- and investors are rarely hurting for information that can guide their decision-making. Between earnings season and near-daily economic data releases, it's easy for something of importance to fall through the cracks.For example, Feb. 17 marked the deadline for institutional investors ...

Core Insights - Berkshire Hathaway Inc. significantly reduced its stake in Amazon.com Inc. by over 75% in Q4, while acquiring a new stake in the New York Times Co. valued at $351.7 million [1][2] Investment Changes - Berkshire Hathaway's current holdings in Amazon now stand at approximately 2.3 million shares after the reduction [2] - The company also decreased its stakes in Bank of America Corp. and Apple Inc. to 7.1% and 1.5%, respectively, starting in 2024 [2] New Investments - During the same period, Berkshire Hathaway increased its stakes in Chevron Corp. to 6.5% and Chubb Ltd to 8.7% [3] - The initial investment in Chubb was revealed in May 2024, following a secret accumulation of shares the previous year [3] Strategic Acquisitions - Buffett has been actively pursuing new acquisitions, including a $9.7 billion deal for Occidental Petroleum Corp.'s petrochemical business and a $5.6 billion stake in Alphabet Inc. [4] - Following the announcement of the New York Times Co. investment, its shares rose over 10% in post-market trading [4]