Core Viewpoint - Starwood Property Trust will release its fourth quarter and full year 2025 financial results on February 25, 2026, before the market opens, followed by a conference call to discuss performance and recent events [1][2]. Financial Results Announcement - The financial results will be announced on February 25, 2026, prior to the opening of trading on the New York Stock Exchange [1]. - A conference call is scheduled for the same day at 10:00 a.m. Eastern Time to review performance and address questions [2]. Conference Call Details - The conference call will be accessible via the Investor Relations section of the company's website, with a live broadcast available [3]. - Participants are advised to register at least 15 minutes before the call and can access a replay for 90 days post-call [3]. Participation Information - To join the conference call, participants should dial in five minutes before the start time, with specific numbers provided for domestic and international callers [4]. - A playback option is available for those who wish to listen to the call after it has concluded [4]. Company Overview - Starwood Property Trust, an affiliate of Starwood Capital Group, focuses on real estate and infrastructure sectors, having deployed over $112 billion of capital since inception [5]. - The company manages a portfolio exceeding $30 billion across debt and equity investments, aiming to generate attractive and stable returns primarily through dividends [5].

Core Viewpoint - Aspo Plc has conducted a share repurchase, acquiring 1,500 shares at an average price of €7.68 per share, totaling €11,520, which increases its total holdings to 129,552 shares [1]. Group 1: Share Repurchase Details - The share repurchase occurred on January 27, 2026, on the Helsinki Stock Exchange [1]. - The average price per share for the repurchase was €7.68 [1]. - The total cost of the shares repurchased was €11,520 [1]. Group 2: Compliance and Regulations - The share buybacks are executed in compliance with Regulation No. 596/2014 of the European Parliament and Council (MAR) Article 5 [1]. - The buybacks also adhere to the Commission Delegated Regulation (EU) 2016/1052 [1].

Core Viewpoint - MKS Inc. plans to offer €1.0 billion in senior notes due 2034 to refinance existing debt and improve its capital structure [1][2]. Group 1: Offering Details - The offering will consist of unsecured senior notes, guaranteed by certain subsidiaries of MKS [2]. - The notes will be sold to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S [3]. Group 2: Use of Proceeds - MKS intends to use the net proceeds from the offering, along with funds from refinancing existing loans, to prepay approximately $1.3 billion of the USD Tranche B Term Loan and fully refinance both the USD and Euro Tranche B Term Loans [2].

Core Insights - The 11th Arab Deputy Finance Ministers Meeting was held in Abu Dhabi on January 21-22, organized by the Arab Monetary Fund [1] - The meeting gathered representatives from Arab countries' finance departments and regional, international financial institutions [1] - The UAE expressed its commitment to continue supporting Arab joint action, enhancing coordination of fiscal policies and professional experience exchange to address global economic challenges [1]

Group 1: Federal Reserve and Economic Data - The Federal Reserve is not expected to change interest rates at the upcoming meeting, but comments from Chair Jerome Powell will be closely analyzed due to pressure from the White House to lower rates [1][4] - The FOMC has lowered rates at three consecutive meetings, but officials are awaiting more economic data on inflation and the labor market before making further cuts [4] - Additional economic data this week includes a delayed report on December wholesale inflation and an update on the U.S. trade balance [5] Group 2: Earnings Reports from Major Companies - Major companies including Microsoft, Meta Platforms, Tesla, and Apple are scheduled to report earnings this week, providing insights into the artificial intelligence sector and the performance of leading firms [2][6] - Microsoft is reporting amid a decline in its share price, while Tesla faces slowed deliveries, prompting a search for new growth opportunities [7] - Meta's report is expected to shed light on its AI plans as it shifts focus from "metaverse" projects, and Apple will likely discuss AI in the context of its recent partnership with Alphabet [7] Group 3: Other Notable Earnings and Industry Insights - Other tech firms such as Texas Instruments, ASML, and IBM are also in focus this week, alongside telecom companies AT&T and Verizon [8] - Earnings from companies like Caterpillar, Boeing, General Motors, Lockheed Martin, and Nucor could provide insights into the strength of the U.S. manufacturing sector [8]

Core Viewpoint - The report on Beijing's budget execution for 2025 and the draft budget for 2026 highlights a stable growth in public budget revenue, with a focus on implementing proactive fiscal policies to support the city's development during the 14th Five-Year Plan and set a strong foundation for the 15th Five-Year Plan [1][4]. Group 1: 2025 Budget Execution - The total public budget revenue for 2025 reached 668.06 billion yuan, marking a 4.8% increase, with a tax revenue share of 86.5% [2][3]. - The city's public budget expenditure amounted to 840.19 billion yuan, also reflecting a 4.8% increase, with a focus on optimizing expenditure structure and enhancing government financial capacity [2][3]. - The fiscal policies included measures such as reducing non-essential expenditures by 1.82 billion yuan and conducting performance evaluations on 84 existing expenditure policies [2][3]. Group 2: Achievements During the 14th Five-Year Plan - Over the past five years, the fiscal policies have reduced tax burdens on businesses by over 490 billion yuan, fostering a positive cycle of economic growth and fiscal revenue [3]. - The public budget revenue exceeded 660 billion yuan in 2025, with an average annual growth rate of 4%, and the number of taxable entities reached 1.433 million, growing at an average rate of 7% [3]. - Social welfare expenditures accounted for over 80% of the public budget, with cumulative investments exceeding 3 trillion yuan, focusing on enhancing living standards [3]. Group 3: Outlook for 2026 - The expected public budget revenue for 2026 is projected to be 695 billion yuan, with a growth rate of approximately 4% [4][5]. - The expenditure plan for 2026 is set at 860.02 billion yuan, targeting major strategic areas and public welfare to support high-quality economic and social development [5]. - The fiscal department aims to enhance management efficiency and implement zero-based budgeting and full-cost performance management to improve fund utilization [5].

Core Viewpoint - The report on Beijing's budget execution for 2025 and the draft budget for 2026 highlights a stable growth in public budget revenue, with a focus on implementing proactive fiscal policies to support the city's development during the 14th Five-Year Plan and set a strong foundation for the 15th Five-Year Plan [1][4]. Group 1: 2025 Budget Execution - The total public budget revenue for 2025 reached 668.06 billion yuan, marking a growth of 4.8%, with a tax revenue share of 86.5% [2][3]. - The city's public budget expenditure for 2025 was 840.19 billion yuan, also reflecting a 4.8% increase, with a focus on optimizing expenditure structure and enhancing government financial capacity [2][3]. - The fiscal policies included measures such as reducing non-essential expenditures by 1.82 billion yuan and conducting performance evaluations on 84 existing expenditure policies [2][3]. Group 2: Review of the 14th Five-Year Plan - Over the past five years, the fiscal policies have reduced tax burdens for businesses by over 490 billion yuan, fostering a positive cycle of economic growth and fiscal revenue [3]. - The average annual growth rate of public budget revenue was 4%, with tax revenue consistently accounting for around 85% of total revenue [3]. - Public budget and government fund expenditures totaled nearly 1.2 trillion yuan over five years, with over 300 billion yuan allocated to social welfare, maintaining a focus on high-quality development [3]. Group 3: Outlook for 2026 - The expected public budget revenue for 2026 is projected to be 695 billion yuan, with an anticipated growth of around 4% [4][5]. - The expenditure plan for 2026 is set at 860.02 billion yuan, emphasizing strategic investments in key areas such as urban governance and social welfare [5]. - The fiscal department aims to enhance the efficiency of fund usage through zero-based budgeting and performance management, aligning fiscal resources with demographic changes [5].

Core Insights - The demand for experienced remote and hybrid technology and professional services personnel is slightly stronger than for in-office positions, despite high-profile return-to-office mandates from companies like JPMorgan Chase and Microsoft [1] Group 1: Demand Trends - Global demand for remote and hybrid professionals increased by 19.8% in Q4 2025 compared to Q4 2024, and by 10.9% for the entire year of 2025 versus 2024 [2] - Demand for similar professionals across all work models, including remote, hybrid, and in-office roles, increased by 19.4% in Q4 2025 versus Q4 2024 and by 10.4% for the full year 2025 versus 2024 [2] - A slight decline in demand for remote and hybrid talent of 4% was noted in the late-year contraction, while the broader experienced market, including in-office roles, showed a larger decline of 4.7% [4] Group 2: Work Environment Stability - Office occupancy in major U.S. markets has recovered from pandemic lows but remains below 2019 levels, indicating a more stable phase for distributed work [5] - Companies are beginning to identify when in-person collaboration is essential and when work can be done remotely, reflecting an emerging equilibrium between remote, hybrid, and in-office work [5] Group 3: Strategic Employment - Firms employing remote and hybrid teams can access larger and more diverse talent pools and hire faster, particularly when scaling or experimenting with new capabilities [7] - The shift towards remote work and AI adoption indicates a more deliberate approach to the future of work, with companies making clearer choices about work locations and technology integration [6]

分组1 - Intel's stock has plunged due to a disappointing sales outlook, marking its largest drop since August 2022, with a 15% decline in a volatile trading week [1][7] - The company is facing significant manufacturing and execution issues, particularly with yield and production of server chips, leading to unfulfilled orders [1][3] - Analysts express concerns about Intel's ability to attract external customers for its foundry business if manufacturing processes do not demonstrate high efficiency [1][3] 分组2 - Chinese tech firms, including Alibaba, Tencent, and ByteDance, have received approval to prepare orders for NVIDIA's H200 chips, indicating a potential thaw in U.S.-China tech relations [2][4] - The approval comes with caveats, as Chinese officials are cautious about the chips being used in sensitive sectors like the military [2][4] - Analysts suggest that this development could open up significant market opportunities for NVIDIA in China, although the exact size of this opportunity remains uncertain [2][4] 分组3 - Tesla has begun offering robotaxi rides in Austin without a human safety driver, marking a significant step in autonomous vehicle technology [4][5] - The development is seen as a confidence boost for Tesla's vision-only platform, which relies solely on cameras, contrasting with competitors like Waymo that use multiple sensors [4][5] - Consumer acceptance of autonomous vehicles is growing, particularly in markets like San Francisco, where users are increasingly comfortable with ride-hailing services [5] 分组4 - Capital One has agreed to acquire fintech startup Brex for $1.51 billion, marking the largest acquisition for the bank since its purchase of Discover [7][8] - The acquisition is seen as a strategic move to combine Brex's technology with Capital One's scale and resources, aiming to accelerate product development [7][8] - Brex's valuation has significantly decreased from its previous $12 billion valuation, reflecting broader market trends in fintech [7][8] 分组5 - Apple is experiencing a rough week, with its stock on track for an eighth consecutive weekly decline, the worst run since May 2022 [6] - Jon Ternus, Apple's hardware chief, has been given additional responsibilities overseeing design teams, positioning him as a potential successor to CEO Tim Cook [6][6] - The focus for Ternus will likely be on the development of a foldable iPhone, which is anticipated to be a key growth driver for the company [6][6]

Precious Metals - Silver surged through the $100-per-ounce threshold, trading around $101 per ounce, marking a 230% gain over the past year [1] - Gold approached the $5,000-per-ounce level, which is nearly 80 percentage points higher than a year earlier [1] - Palladium increased by 6%, surpassing $2,000 per ounce for the first time since November 2022, while platinum rose 5% to all-time highs above $2,700 per ounce [2] Energy Prices - Henry Hub natural gas rose by 2% to $5.15 per million British thermal units, with week-to-date gains exceeding 60%, marking the strongest weekly surge on record due to extreme cold weather in America [3] - Crude prices also advanced, with WTI rising more than 2% to near $61 a barrel [3] Stock Market Performance - The S&P 500 traded broadly flat, while the Nasdaq 100 rose by 0.5%, and small caps lagged with the Russell 2000 falling by 0.6% [4] - The energy sector led the market for a second consecutive session, reaching levels last seen in 2014, while financials underperformed [4] Earnings and Major Movers - Intel Corp. experienced a significant decline of over 17% after issuing weak first-quarter 2026 guidance, marking its worst session since August 2024 [5] - In the Russell 1000, top gainers included Corcept Therapeutics Inc. (+6.71%) and Booz Allen Hamilton Holding Corp. (+6.40%), while top losers included Intel Corp. (-16.91%) and First Citizens BancShares Inc. (-8.88%) [6][8]