AI Displacement to Remain a Headwind for US Stocks
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
Sophie Huynh, portfolio manager and strategist at BNP Paribas Asset Management, explains why the firm has had a preference for tech hardware over software stocks for over a year. "In terms of hardware, we knew that there was going to be demand for memory," Huynh explains.
Caterpillar (NYSE:CAT) has completed its acquisition of Australian mining software firm RPMGlobal Holdings, marking a significant step in the heavy machinery giant's push to dominate the digital layer of the mining pit.
Warren Buffett's Berkshire Hathaway slashed its stake in Amazon by more than 75% in the fourth quarter, while also building a stake in the New York Times, his last new bet as chief executive officer of the conglomerate. Bloomberg's Abeer Abu Omar reports.
European Central Bank President Christine Lagarde is expected to step down from her role before her eight-year term ends in October 2027, according to a Financial Times report. Lagarde wants to leave before the French presidential election in April next year, which would allow French President Emmanuel Macron and German Chancellor Friedrich Merz to find her replacement together, the report said, citing an unidentified person familiar with her thoughts on the matter. It isn't clear yet when she may exit, the report said. Bloomberg's Jana Randow explains.
Gold advanced back above $4,900 an ounce as dip-buyers snapped up the metal after a two-day drop. Meanwhile copper rose, trimming losses earlier in the week, as risk assets including equities advanced in thin holiday trading. George Cheveley, Natural Resources Portfolio Manager at Ninety One spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the market performance.
Canada has unveiled a sweeping “Buy Canadian” defence strategy worth over $500 billion in procurement and investment, promising 125,000 high-paying jobs and a surge in domestic military tech.
New York-based MFA Financial (NYSE:MFA) reported fourth-quarter results on Wednesday that met analyst expectations for core profitability while showcasing a significant rebound in net income and a major new commitment to returning capital to investors.
Tel Aviv and New York-based Perion Network (NASDAQ:PERI) reported fourth-quarter financial results that showcased a significant recovery in profitability.
ProPetro Holding (NYSE:PUMP), the Midland, Texas-based provider of hydraulic fracturing and other oilfield services, reported a modest fourth-quarter profit that exceeded analyst expectations for a loss, reflecting improved operational efficiency and stabilizing activity levels in key U.S. shale basins despite persistent pricing pressure and reduced rig counts.
Insulet (NASDAQ:PODD), the Acton, Massachusetts-based maker of the Omnipod insulin delivery systems, reported stronger-than-expected fourth-quarter 2025 results.
SolarEdge Technologies (NASDAQ:SEDG) reported a fourth-quarter 2025 net loss of $132.1 million, or $2.21 per diluted share, a marked improvement from the $287.4 million loss, or $5 per share, in the year-ago period.
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