YouTube Fixes Homepage After Recommendation Engine Failure
YouTube is working to fully restore services after a technical glitch in its recommendation system prevented videos from appearing on its homepage and mobile app.
Market Quotes
Hormel Foods Lifts Q1 Profit Outlook, Sells Turkey Business
Hormel Foods on Tuesday issued preliminary first-quarter results that anticipate higher earnings per share and steady sales growth, beating analyst profit estimates. The company simultaneously announced a deal to divest its whole-bird turkey operations as it focuses on returning to long-term profitable growth.
Canfor to Record C$321 Million Charge Over Supply Chain Headwinds
Vancouver-based forest products giant Canfor announced it will book a C$321 million ($235.3 million) non-cash impairment charge in the fourth quarter, citing mounting log supply pressures in Europe and a downturn in global pulp prices.
Japan’s January Exports Surge 16.8% on Strong Asian Demand
Japan’s outbound shipments accelerated for a fifth consecutive month in January, growing 16.8% year-over-year as robust demand from China and neighboring markets offset a continued slump in trade with the United States.
Timken Authorizes 10 Million Share Repurchase Program Through 2031
The Timken Co., a leading industrial manufacturer, announced Tuesday that its board has approved a new share buyback program for 10 million common shares. Effective March 1, the move establishes a long-term framework for capital allocation as the company’s existing repurchase plan reaches its expiration.
Tactile Systems Stock Surges on Strong Q4 Beat and Bullish Guidance
Shares of Tactile Systems Technology jumped 22% in late trading Tuesday after the medical device maker reported fourth-quarter earnings and revenue that surpassed Wall Street expectations. The Minneapolis-based company attributed the growth to robust demand across its core product lines and issued a full-year revenue forecast that outpaced analyst projections.
Tech Stocks Retreat as AI Disruption Fears Overshadow Spending
Technology shares trended lower as investors weighed the risks of artificial intelligence disruption against the massive capital requirements of new infrastructure. The market shift comes as Oracle faces a significant valuation correction and India’s Adani Group pledges a landmark $100 billion toward data center development.
Palo Alto Networks and La-Z-Boy Slump on Weak Forecasts
Shares of Palo Alto Networks and La-Z-Boy retreated in after-hours trading Tuesday following disappointing guidance, while Caesars Entertainment gained ground after reporting resilient revenue growth.
Paramount and Warner Resume Talks Amid Sector-Wide Risk Retreat
The communications services sector dipped during a broader market retreat from risk-sensitive assets, even as high-stakes dealmaking intensified across the media and infrastructure landscapes. While Paramount and Warner Bros. Discovery signaled a return to the negotiating table, South Africa’s MTN Group finalized a multi-billion dollar acquisition to bolster its network footprint.
Steel Dynamics, SGH Raise BlueScope Steel Bid to $11 Billion
Steel Dynamics and Australian conglomerate SGH have increased their joint takeover offer for BlueScope Steel to approximately US$11 billion, signaling a final attempt to consolidate major steel assets across the Pacific. The revised cash proposal follows months of rejected overtures and comes as aggressive U.S. trade protections bolster the value of domestic manufacturing.
La-Z-Boy Forecasts Sales Miss as Winter Storms Chill Demand
La-Z-Boy shares tumbled in after-hours trading Tuesday after the furniture maker issued a fourth-quarter revenue forecast that trailed Wall Street estimates, citing a combination of severe winter weather and cautious consumer spending. While the company exceeded revenue expectations for its fiscal third quarter, management warned that late-January storms significantly disrupted showroom traffic, clouding the immediate outlook.
Portland General Electric to Buy PacifiCorp Assets for $1.9 Billion
Portland General Electric has reached an agreement to acquire Berkshire Hathaway’s PacifiCorp assets in Washington state for approximately $1.9 billion, a strategic move that significantly expands its regional footprint. The deal consolidates a vast network of generation and distribution infrastructure serving over 140,000 customers.
EIR Biopharma Files for IPO to Fund Eye Disease Pipeline
EIR Biopharma, an early-stage biotechnology firm specializing in ophthalmology, filed for an initial public offering on Tuesday to advance its lead therapeutic candidate. The company plans to sell 3.75 million shares of common stock at a price range of $4 to $5 per share, according to a filing with the Securities and Exchange Commission.
Analog Devices Boosts Quarterly Dividend by 11% to $1.10
Semiconductor giant Analog Devices announced Tuesday it will increase its quarterly cash dividend to $1.10 per share, marking an 11% rise from the previous payout of 99 cents.
Ferroglobe Raises Quarterly Dividend 7% Amid Market Shift
Ferroglobe PLC announced a 7% increase to its quarterly dividend on Tuesday, raising the payout to 1.5 cents per share as the silicon and manganese producer strengthens its commitment to shareholder returns.
Plutonian Acquisition II Targets $100 Million in NYSE Listing
Plutonian Acquisition Corp II, a Cayman Islands-based blank-check firm, filed for a $100 million initial public offering on Tuesday to target the energy storage and telecommunications sectors. The company intends to list on the New York Stock Exchange under the ticker PLUNU, marking its entry into the search for a strategic merger partner.
Oil Prices Slip as U.S.-Iran Diplomacy Eases Supply Concerns
Energy shares and oil futures retreated as high-level diplomatic discussions between Washington and Tehran mitigated market anxiety over a temporary closure of the Strait of Hormuz.
Health Care Stocks Slip as $10 Billion Danaher Deal Meets Mixed Earnings
Health care stocks edged lower on Tuesday as a major $10 billion acquisition by Danaher failed to offset a wave of mixed corporate earnings and concerns over future trade policy. While significant deal activity provided a boost, cautious outlooks from industry leaders and ongoing legal pressures weighed on broader sector performance.
Metal Producers Slump as Commodity Prices Retreat
Shares of metal and raw material producers retreated Tuesday despite a robust earnings season, as a sharp sell-off in precious metals and cooling copper prices weighed on the sector.
Hapag-Lloyd to Acquire ZIM for $4.2B as Industrial Shares Rally
Industrial and transportation stocks climbed following the announcement of a multi-billion dollar acquisition in the shipping sector and a strategic pivot by an aviation firm to supply power to the artificial intelligence industry.
General Mills Profit Warning Triggers Consumer Sector Sell-Off
Consumer staples stocks tumbled after General Mills slashed its full-year outlook, citing a sharp pullback in household spending. The food processing giant’s warning resonated across the sector, dragging down competitors and highlighting the impact of persistent inflation on consumer behavior.
Financial Stocks Rally on Cross-Sector M&A and Robinhood Expansion
Shares in the financial sector climbed as a surge in multibillion-dollar merger activity and a new private-market initiative from Robinhood bolstered investor sentiment across Wall Street.
NovaBridge Advances Phase 2 Gastric Cancer Trial for Givastomig
NovaBridge Biosciences has initiated a Phase 2 clinical trial for givastomig, dosing the first patient in a study targeting HER2-negative metastatic gastric cancer. The company expects to report top-line data from the trial, which combines the drug with nivolumab and chemotherapy, by 2027.
Clearway Energy Increases Quarterly Dividend to 46.02 Cents
Clearway Energy announced a 1.6% increase to its quarterly dividend on Tuesday, raising the payout to 46.02 cents per share as the clean energy firm continues to prioritize shareholder returns.
EQT Beats Estimates as Winter Storms Drive Natural Gas Revenue
EQT reported a 47% revenue surge in the fourth quarter, capitalizing on increased natural gas demand and price spikes triggered by severe winter weather. The producer delivered adjusted earnings of 90 cents per share, comfortably exceeding Wall Street expectations as operational efficiencies helped the company navigate seasonal volatility.
Amrize Announces $1 Billion Buyback and New Dividend Strategy
Amrize, a major player in the building materials sector, has authorized a $1 billion share repurchase program and a special dividend to return capital to its investors. The initiatives, announced Tuesday, are contingent on shareholder approval of the company's 2025 financial performance at its next annual general meeting.
Republic Services Beats Profit Estimates Despite Revenue Miss
Republic Services reported a fourth-quarter net income of $545 million, exceeding analyst expectations for earnings per share even as total revenue fell slightly short of Wall Street forecasts. The waste management giant benefited from core organic growth in its recycling and waste segments, offsetting a minor dip in its environmental solutions business.
Devon Energy Outperforms Estimates Ahead of $21.5B Coterra Merger
Devon Energy reported a decline in fourth-quarter profit and revenue as the Oklahoma City-based producer prepares to finalize its $21.5 billion all-stock merger with Coterra Energy. Despite the year-over-year slip, the company’s adjusted earnings beat Wall Street expectations, bolstered by record-setting production levels in the Delaware Basin.
Leonardo DRS Joins Pentagon’s $151 Billion SHIELD Defense Program
Leonardo DRS has secured multiple contracts under the Missile Defense Agency’s (MDA) $151 billion SHIELD program, positioning the defense contractor to support critical homeland defense infrastructure. The awards, announced Tuesday, fall under the Scalable Homeland Innovative Enterprise Layered Defense framework, a massive indefinite-delivery/indefinite-quantity vehicle designed to modernize the U.S. response to evolving aerial threats.
Robinhood to Launch NYSE-Listed Fund for Private Market Access
Robinhood is set to debut its first private-markets fund on the New York Stock Exchange in the coming weeks, offering retail investors a direct path to high-growth startups. The Robinhood Ventures Fund I, trading as RVI, aims to break down the barriers that typically restrict late-stage private investments to institutional players and the ultra-wealthy.