FEB 06, 2026盘中交易 09:30 - 16:00
ET 14:56
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Regulatory

DOJ Launches Merger Probe of Netflix's Proposed Acquisition of Warner Bros Discovery

The U.S. Department of Justice is examining whether Netflix has engaged in anticompetitive practices in connection with its proposed $49.7 billion acquisition of Warner Bros Discovery, according to a report by The Wall Street Journal published February 6, 2026. The probe could affect the terms and approval of the deal, with potential implications for content licensing and market competition.

The U.S. Department of Justice is examining whether Netflix has engaged in anticompetitive practices in connection with its proposed $49.7 billion acquisition of Warner Bros Discovery, according to a report by The Wall Street Journal published February 6, 2026. The probe could affect the terms and approval of the deal, with potential implications for content licensing and market competition.

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M&A

BlackRock Eyes $3B Takeover of New York’s Largest Container Terminal, Maher

BlackRock, the world’s largest asset manager, is reportedly considering a $3 billion bid to acquire Maher Terminals, the busiest container terminal at the Port of New York-New Jersey. The terminal handled over 3 million TEUs of the port’s 8.7 million TEUs in 2024. The Port Authority recently extended a 33-year lease through 2063 with Macquarie, which holds a controlling stake in Maher through Macquarie Infrastructure Partners III.
Interest follows the conclusion of a Macquarie Infrastructure Partners III term in 2030, and the process is not yet underway with no timeline established.MSC, via Terminal Investment Limited, previously teamed with BlackRock to acquire CK Hutchison’s terminals in 2025, a deal later blocked in China. No official comment from BlackRock or other parties has been released.

BlackRock, the world’s largest asset manager, is reportedly considering a $3 billion bid to acquire Maher Terminals, the busiest container terminal at the Port of New York-New Jersey. The terminal handled over 3 million TEUs of the port’s 8.7 million TEUs in 2024. The Port Authority recently extended a 33-year lease through 2063 with Macquarie, which holds a controlling stake in Maher through Macquarie Infrastructure Partners III.

Interest follows the conclusion of a Macquarie Infrastructure Partners III term in 2030, and the process is not yet underway with no timeline established.MSC, via Terminal Investment Limited, previously teamed with BlackRock to acquire CK Hutchison’s terminals in 2025, a deal later blocked in China. No official comment from BlackRock or other parties has been released.

ET 14:35

Dow Tops 50,000 as S&P 500 and Nasdaq Surge; Tech Leaders Lead Rebound

Friday's session saw a broad rebound in US equities as the Dow Jones Industrial Average (^DJI) closed above 50,000 for the first time, up 2.2% or over 1,000 points. The S&P 500 (^GSPC) gained 1.7%, and the Nasdaq Composite (^IXIC) added about 2%, reversing a week of selling pressure.
Big Tech names led the charge: Nvidia (NVDA) rose over 7%, Broadcom (AVGO) and Tesla (TSLA) posted strong gains, while Amazon (AMZN) fell 7% after outlining a $200B+ cloud spending plan for 2026 despite a weaker-than-expected operating income forecast. The S&P 500 turned positive for 2026, but both indexes remain on track for weekly declines.
Bitcoin (BTC-USD) climbed back to above $68,000, though it is on track for its worst weekly performance since 2022. Strategy (MSTR) shares jumped over 13% on the price resurgence despite a quarterly loss and a $26B charge related to scaling back its EV push; shares in Stellantis (STLA) fell over 20% on a 22B EUR ($26B) charge.
The January jobs report, originally scheduled for Friday, is moved to Wednesday, February 16, 2026, amid weakness in job openings and a surge in layoff announcements.

Friday's session saw a broad rebound in US equities as the Dow Jones Industrial Average (^DJI) closed above 50,000 for the first time, up 2.2% or over 1,000 points. The S&P 500 (^GSPC) gained 1.7%, and the Nasdaq Composite (^IXIC) added about 2%, reversing a week of selling pressure.

Big Tech names led the charge: Nvidia (NVDA) rose over 7%, Broadcom (AVGO) and Tesla (TSLA) posted strong gains, while Amazon (AMZN) fell 7% after outlining a $200B+ cloud spending plan for 2026 despite a weaker-than-expected operating income forecast. The S&P 500 turned positive for 2026, but both indexes remain on track for weekly declines.

Bitcoin (BTC-USD) climbed back to above $68,000, though it is on track for its worst weekly performance since 2022. Strategy (MSTR) shares jumped over 13% on the price resurgence despite a quarterly loss and a $26B charge related to scaling back its EV push; shares in Stellantis (STLA) fell over 20% on a 22B EUR ($26B) charge.

The January jobs report, originally scheduled for Friday, is moved to Wednesday, February 16, 2026, amid weakness in job openings and a surge in layoff announcements.

ET 14:35

Dow (^DJI) Surpasses 50,000 as Rally Gains 1,100 Points on Feb 6

NEW YORK, Feb 6, 2026 — The Dow Jones Industrial Average closed above 50,000, rising 1,100 points on the day. The broader S&P 500 and Nasdaq also posted gains, led by strong performance in technology and industrials. The rally followed a week of improved economic data, including a 5.2% rise in retail sales and a 3.8% increase in initial jobless claims, suggesting momentum in labor markets and consumer spending. The move reflects continued confidence in U.S. economic growth and corporate earnings.

NEW YORK, Feb 6, 2026 — The Dow Jones Industrial Average closed above 50,000, rising 1,100 points on the day. The broader S&P 500 and Nasdaq also posted gains, led by strong performance in technology and industrials. The rally followed a week of improved economic data, including a 5.2% rise in retail sales and a 3.8% increase in initial jobless claims, suggesting momentum in labor markets and consumer spending. The move reflects continued confidence in U.S. economic growth and corporate earnings.

ET 14:35
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Operational

Coinbase Crypto-Backed Loans See $170M Liquidations Amid Bitcoin, Ethereum Dips (COIN)

Coinbase’s crypto-backed lending via Morpho has seen record liquidations as Bitcoin and Ethereum plunged, with $170 million in collateral wiped in the past week, per Dune Analytics. Thursday alone accounted for $90.7 million to 2,000 users. The products, launched in 2023 and expanded to Ethereum, allow up to $5 million per customer and have originated $1.8 billion in loans.
As Bitcoin fell 17% and Ethereum 26% in the week of February 6, 2026, over 3,300 users added or used Circle’s USDC to protect positions, while about 2,000 users faced liquidation. Loans are over-collateralized and include a buffer; the app notifies users every 30 minutes when at risk. Coinbase earns performance fees but does not receive proceeds from liquidations.

Coinbase’s crypto-backed lending via Morpho has seen record liquidations as Bitcoin and Ethereum plunged, with $170 million in collateral wiped in the past week, per Dune Analytics. Thursday alone accounted for $90.7 million to 2,000 users. The products, launched in 2023 and expanded to Ethereum, allow up to $5 million per customer and have originated $1.8 billion in loans.

As Bitcoin fell 17% and Ethereum 26% in the week of February 6, 2026, over 3,300 users added or used Circle’s USDC to protect positions, while about 2,000 users faced liquidation. Loans are over-collateralized and include a buffer; the app notifies users every 30 minutes when at risk. Coinbase earns performance fees but does not receive proceeds from liquidations.

ET 14:12

Dow Surpasses 50K as S&P 500, Nasdaq Rise; Big Tech Gains Amid AI and Crypto Volatility

U.S. stocks surged on February 6, 2026, as Wall Street rebounded from a weeklong tech sell-off amid reassessment of AI disruption risks and heavy Big Tech spending. The Dow Jones Industrial Average (^DJI) rose 2.2%, or about 1,000 points, nearing 50,000. The S&P 500 (^GSPC) climbed 1.7%, and the Nasdaq Composite (^IXIC) added about 2% after Thursday's sharp losses and a week of selling.
Nvidia (NVDA) jumped over 7%, while Broadcom (AVGO) and Tesla (TSLA) posted strong gains. Amazon (AMZN) fell 7% after reporting plans for $200B cloud spending in 2026 despite softer-than-expected operating income. Bitcoin (BTC-USD) climbed back above $68,000, though it remains on track for its worst weekly performance since 2022.
Crypto-focused Strategy (MSTR) reported a quarterly loss, initially拖累 its stock, but shares rose over 13% on bitcoin's revival as CEO downplayed debt-servicing risks. Stellantis (STLA) warned of a $26B charge to scale back its EV push, sending shares down over 20% in New York and Milan.
The January jobs report, originally scheduled for Friday, is now released Wednesday, February 13, 2026, amid reports of falling job openings and surging layoff announcements.

U.S. stocks surged on February 6, 2026, as Wall Street rebounded from a weeklong tech sell-off amid reassessment of AI disruption risks and heavy Big Tech spending. The Dow Jones Industrial Average (^DJI) rose 2.2%, or about 1,000 points, nearing 50,000. The S&P 500 (^GSPC) climbed 1.7%, and the Nasdaq Composite (^IXIC) added about 2% after Thursday's sharp losses and a week of selling.

Nvidia (NVDA) jumped over 7%, while Broadcom (AVGO) and Tesla (TSLA) posted strong gains. Amazon (AMZN) fell 7% after reporting plans for $200B cloud spending in 2026 despite softer-than-expected operating income. Bitcoin (BTC-USD) climbed back above $68,000, though it remains on track for its worst weekly performance since 2022.

Crypto-focused Strategy (MSTR) reported a quarterly loss, initially拖累 its stock, but shares rose over 13% on bitcoin's revival as CEO downplayed debt-servicing risks. Stellantis (STLA) warned of a $26B charge to scale back its EV push, sending shares down over 20% in New York and Milan.

The January jobs report, originally scheduled for Friday, is now released Wednesday, February 13, 2026, amid reports of falling job openings and surging layoff announcements.

ET 14:12
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M&A

Gallo to Acquire Four Roses Distillery from Kirin for Up to $775M (KYO, KBW)

Gallo Wine & Spirits (KBW) agreed to acquire the Four Roses bourbon brand from Kirin (TYO: 7201) in a deal valued at up to $775 million, with a potential closing in the second quarter of 2026. The acquisition, expected to be finalized in the second quarter of 2026, will not alter operations, production, or distribution at the Kentucky distillery. Gallo stated no immediate changes to current practices, while Kirin cited a strategic reallocation of resources to focus on businesses it deems growth-oriented. The deal follows a $55 million expansion at Four Roses’ Lawrenceburg facility and comes amid a broader U.S. spirits sales decline of 2.2% in 2025, with premium whiskey categories maintaining resilience.

Gallo Wine & Spirits (KBW) agreed to acquire the Four Roses bourbon brand from Kirin (TYO: 7201) in a deal valued at up to $775 million, with a potential closing in the second quarter of 2026. The acquisition, expected to be finalized in the second quarter of 2026, will not alter operations, production, or distribution at the Kentucky distillery. Gallo stated no immediate changes to current practices, while Kirin cited a strategic reallocation of resources to focus on businesses it deems growth-oriented. The deal follows a $55 million expansion at Four Roses’ Lawrenceburg facility and comes amid a broader U.S. spirits sales decline of 2.2% in 2025, with premium whiskey categories maintaining resilience.

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Operational

Goldman Sachs & Anthropic to Launch AI Agents for Operational Automation (GS)

Goldman Sachs (GS) is collaborating with Anthropic to develop AI agents designed to automate trade accounting, client due diligence, and onboarding, CNBC reported Feb 6, 2026, citing CIO Marco Argenti. The bank has embedded Anthropic engineers in its teams for the past six months to co-build autonomous agents based on Claude, with a planned soon-to-launch rollout, though a specific timeline was not provided. The initiative aims to reduce time spent on core operational processes.

Goldman Sachs (GS) is collaborating with Anthropic to develop AI agents designed to automate trade accounting, client due diligence, and onboarding, CNBC reported Feb 6, 2026, citing CIO Marco Argenti. The bank has embedded Anthropic engineers in its teams for the past six months to co-build autonomous agents based on Claude, with a planned soon-to-launch rollout, though a specific timeline was not provided. The initiative aims to reduce time spent on core operational processes.

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Macro

Musk Unites SpaceX and xAI as $800B Founder Consolidates Tech Power

Elon Musk has merged SpaceX and xAI, creating a new model for consolidated tech power under one executive. At $800 billion, Musk’s net worth rivals GE’s peak market cap, and the integration underscores his strategy to accelerate innovation through velocity and scale. The move raises questions about how other founders and investors will respond, including potential followings by figures like Sam Altman.

Elon Musk has merged SpaceX and xAI, creating a new model for consolidated tech power under one executive. At $800 billion, Musk’s net worth rivals GE’s peak market cap, and the integration underscores his strategy to accelerate innovation through velocity and scale. The move raises questions about how other founders and investors will respond, including potential followings by figures like Sam Altman.

ET 14:02
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Macro

HUBG Shares Drop 19% Amid $77M Transportation Expense Understatement

Hub Group (NASDAQ: HUBG) shares fell 19% in midday trading on February 6, 2026, after the company disclosed a $77 million understatement in purchased transportation expenses for the first three quarters of 2025. Financial statements are under review, with fourth-quarter and full-year results delayed pending resolution. The company plans to restate Q1–Q3 2025 results and assess potential impacts on prior years.
“We look forward to reporting our full financial results as soon as practicable,” said Phil Yeager, President, CEO and Vice Chairman. Deutsche Bank analyst Richa Harnain estimated the correction could reduce adjusted operating margins by about 300 bps, from 4.4% to roughly 1.4%, representing roughly 2.8% of revenue and over 65% of EBIT for the nine months ended September 30, 2025.
Q4 intermodal revenue declined slightly with volumes up 1% y/y, while dedicated revenue was down. January intermodal volumes were off 4% after winter storms and a forward-looking comp period. Hub Group reported 2025 revenue of about $3.7B, a 7% y/y decline, and guided 2026 revenue of $3.65B$3.95B.

Hub Group (NASDAQ: HUBG) shares fell 19% in midday trading on February 6, 2026, after the company disclosed a $77 million understatement in purchased transportation expenses for the first three quarters of 2025. Financial statements are under review, with fourth-quarter and full-year results delayed pending resolution. The company plans to restate Q1–Q3 2025 results and assess potential impacts on prior years.

“We look forward to reporting our full financial results as soon as practicable,” said Phil Yeager, President, CEO and Vice Chairman. Deutsche Bank analyst Richa Harnain estimated the correction could reduce adjusted operating margins by about 300 bps, from 4.4% to roughly 1.4%, representing roughly 2.8% of revenue and over 65% of EBIT for the nine months ended September 30, 2025.

Q4 intermodal revenue declined slightly with volumes up 1% y/y, while dedicated revenue was down. January intermodal volumes were off 4% after winter storms and a forward-looking comp period. Hub Group reported 2025 revenue of about $3.7B, a 7% y/y decline, and guided 2026 revenue of $3.65B$3.95B.

ET 14:02

Reddit Eyes Expanded Acquisitions in Adtech and AI Search (REDD)

Reddit signaled a broadened M&A strategy in its Q4 earnings call, seeking companies that can leverage its scale or expand its user and monetization capabilities. CFO Andrew Vollero said the focus includes capabilities and technologies, with a particular eye on adtech and AI search to enhance monetization and growth. He emphasized the value of acquisitions in accelerating product timelines and adding proven capabilities, citing past deals such as Memorable AI, Spell, Spiketrap, Oterlu, and MeaningCloud. The company is not narrowing the playing field, and Vollero cautioned not to overthink the “scaled opportunities”—they are part of a spectrum of potential targets.
In Q4 2025, Reddit reported revenue of $726 million, with $690 million from ads; global daily active unique users rose 19% YoY to 121.4 million, and earnings per share of $1.24 beat estimates. Management sees growing potential in monetizing its AI search product.

Reddit signaled a broadened M&A strategy in its Q4 earnings call, seeking companies that can leverage its scale or expand its user and monetization capabilities. CFO Andrew Vollero said the focus includes capabilities and technologies, with a particular eye on adtech and AI search to enhance monetization and growth. He emphasized the value of acquisitions in accelerating product timelines and adding proven capabilities, citing past deals such as Memorable AI, Spell, Spiketrap, Oterlu, and MeaningCloud. The company is not narrowing the playing field, and Vollero cautioned not to overthink the “scaled opportunities”—they are part of a spectrum of potential targets.

In Q4 2025, Reddit reported revenue of $726 million, with $690 million from ads; global daily active unique users rose 19% YoY to 121.4 million, and earnings per share of $1.24 beat estimates. Management sees growing potential in monetizing its AI search product.

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Macro

NVDA Shares Up 7.7% on $650B AI Spending Plans by Tech Giants

Nvidia Corp. (NVDA) surged as much as 7.7% on February 6, 2026, amid reports that major tech firms plan to invest $650 billion in AI infrastructure in 2026—about 60% more than 2025—lifting shares of “picks and shovels” in the AI complex. The move erased a five-day losing streak and added over $300 billion in market value. Amazon.com (AMZN), Alphabet (GOOGL), Meta (META), and Microsoft (MSFT) are expected to spend roughly $200 billion collectively this year on data centers, chips, and tools.
Revenue for the AI infrastructure group is forecast to hit $1 trillion this year, with Broadcom (BRCM), Marvell (MRVL), Sandisk (SDAK), Western Digital (WDC), and Seagate (SG) among the gainers. Cloud and data-center equipment providers, including CoreWeave (CWVE), Amphenol (AMPN), GE Vernova (GVNY), and Vertiv (VRT) also rose. The rally reversed broader software and technology weakness sparked by new AI tools from Anthropic (ANTH) that challenged incumbents’ business models.

Nvidia Corp. (NVDA) surged as much as 7.7% on February 6, 2026, amid reports that major tech firms plan to invest $650 billion in AI infrastructure in 2026—about 60% more than 2025—lifting shares of “picks and shovels” in the AI complex. The move erased a five-day losing streak and added over $300 billion in market value. Amazon.com (AMZN), Alphabet (GOOGL), Meta (META), and Microsoft (MSFT) are expected to spend roughly $200 billion collectively this year on data centers, chips, and tools.

Revenue for the AI infrastructure group is forecast to hit $1 trillion this year, with Broadcom (BRCM), Marvell (MRVL), Sandisk (SDAK), Western Digital (WDC), and Seagate (SG) among the gainers. Cloud and data-center equipment providers, including CoreWeave (CWVE), Amphenol (AMPN), GE Vernova (GVNY), and Vertiv (VRT) also rose. The rally reversed broader software and technology weakness sparked by new AI tools from Anthropic (ANTH) that challenged incumbents’ business models.

ET 14:02

Crypto Volatility Intensifies: BTC, Altcoins, and Tech Stocks Plunge as Fear Index Remains Extreme

Bitcoin fell to near $60,000 on February 05, 2026, its worst single-day decline in about a decade, with the week’s losses tracking in the double digits. Ether and Solana each lost roughly 25%, while Hyperliquid’s native token rose about 11%. The CoinMarketCap Crypto Fear & Greed Index remains at "extreme fear," reflecting broader digital-asset selloff.
Bitcoin ETFs saw $1.25B in net outflows over the past three days, with $434M on February 05. iShares Bitcoin Trust (IBIT) holds an average purchase price of $90,000, implying about $15B in unrealized losses among ETF holders. The price’s recent correlation with the Nasdaq 100 has deepened as AI-driven tech stocks and digital-assets firms like Coinbase (COIN), Robinhood (HOOD), and Circle (CRCL) also posted double-digit declines this week.
Gemini (GEMI) announced a restructuring, planning overseas operations shutdown and a 200-employee cut. Analysts note the $60,000 level presents a key trading target; a critical retest above $73,000 is often cited for momentum to resume.

Bitcoin fell to near $60,000 on February 05, 2026, its worst single-day decline in about a decade, with the week’s losses tracking in the double digits. Ether and Solana each lost roughly 25%, while Hyperliquid’s native token rose about 11%. The CoinMarketCap Crypto Fear & Greed Index remains at "extreme fear," reflecting broader digital-asset selloff.

Bitcoin ETFs saw $1.25B in net outflows over the past three days, with $434M on February 05. iShares Bitcoin Trust (IBIT) holds an average purchase price of $90,000, implying about $15B in unrealized losses among ETF holders. The price’s recent correlation with the Nasdaq 100 has deepened as AI-driven tech stocks and digital-assets firms like Coinbase (COIN), Robinhood (HOOD), and Circle (CRCL) also posted double-digit declines this week.

Gemini (GEMI) announced a restructuring, planning overseas operations shutdown and a 200-employee cut. Analysts note the $60,000 level presents a key trading target; a critical retest above $73,000 is often cited for momentum to resume.

ET 14:02

Bithumb Airs 2,000 BTC Error; BTC Plunge to $55K on Platform

On February 6, 2026, Bithumb experienced a flash crash in Bitcoin (BTC) trading after an internal accounting error mistakenly credited 2,000 BTC to user wallets instead of a nominal 2,000 KRW reward. No on-chain movement occurred, but the phantom balances prompted immediate selling, sending BTC to $55,000 on the platform—about 15.8% lower than on other exchanges. The firm identified the anomaly via internal controls, restricted trading on affected accounts, and restored prices within five minutes. The incident, not related to an external hack, did not result in customer asset loss.

On February 6, 2026, Bithumb experienced a flash crash in Bitcoin (BTC) trading after an internal accounting error mistakenly credited 2,000 BTC to user wallets instead of a nominal 2,000 KRW reward. No on-chain movement occurred, but the phantom balances prompted immediate selling, sending BTC to $55,000 on the platform—about 15.8% lower than on other exchanges. The firm identified the anomaly via internal controls, restricted trading on affected accounts, and restored prices within five minutes. The incident, not related to an external hack, did not result in customer asset loss.

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Earnings

COPT Q4 Earnings: Revenue and Profits Up, Driven by Defense Contracts

COPT (NYSE: COP) reported Q4 revenue of $1.25B, a 7.2% increase from $1.17B in the same period of 2025. Net profit for the quarter rose to $215M, up from $198M in Q4 2025, driven by higher-than-expected defense contract awards. The company signed two major contracts valued at $240M and $180M in December 2025, contributing to the earnings growth. Management attributed the results to strong execution and favorable pricing on key defense systems.

COPT (NYSE: COP) reported Q4 revenue of $1.25B, a 7.2% increase from $1.17B in the same period of 2025. Net profit for the quarter rose to $215M, up from $198M in Q4 2025, driven by higher-than-expected defense contract awards. The company signed two major contracts valued at $240M and $180M in December 2025, contributing to the earnings growth. Management attributed the results to strong execution and favorable pricing on key defense systems.

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Earnings

Reddit Inc. (REDD) Reports Q4 Profit Up 23%

Reddit Inc. (REDD) reported fourth-quarter net profit of $39.8 million, a 23% increase from $32.3 million in the same period of 2025, ending a year of operating losses. Revenue rose to $146.5 million from $119.1 million, reflecting higher advertising and subscription revenue. The company attributed the improvement to cost optimization and a recovery in user engagement following a strategic shift in content moderation policies. EPS for the quarter was $0.15, up from $0.09 in Q4 2025.

Reddit Inc. (REDD) reported fourth-quarter net profit of $39.8 million, a 23% increase from $32.3 million in the same period of 2025, ending a year of operating losses. Revenue rose to $146.5 million from $119.1 million, reflecting higher advertising and subscription revenue. The company attributed the improvement to cost optimization and a recovery in user engagement following a strategic shift in content moderation policies. EPS for the quarter was $0.15, up from $0.09 in Q4 2025.

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Earnings

Qualys (QLS) Reports Q4 Revenue Up 15%, Beats Estimates

Qualys Inc (QLS) released Q4 2025 results, reporting a 15% increase in revenue to $184.3 million, and adjusted net income of $44.3 million, up 32% year-over-year, exceeding analyst expectations. The cybersecurity firm attributed the growth to strong adoption of its cloud security platform and continued demand for endpoint protection. For the quarter ended January 3, 2026, revenue surpassed the $175 million median estimate, and adjusted EPS of 44 cents outperformed the 41-cent forecast.

Qualys Inc (QLS) released Q4 2025 results, reporting a 15% increase in revenue to $184.3 million, and adjusted net income of $44.3 million, up 32% year-over-year, exceeding analyst expectations. The cybersecurity firm attributed the growth to strong adoption of its cloud security platform and continued demand for endpoint protection. For the quarter ended January 3, 2026, revenue surpassed the $175 million median estimate, and adjusted EPS of 44 cents outperformed the 41-cent forecast.

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Earnings

Kobe Steel Reports 9-Month Profit Decline, Cuts Sales Forecast

Kobe Steel (7013.T) reported a 23% year-over-year decline in nine-month net profit to ¥1.34 billion (USD 169 million) as weak demand and steel price weakness pressured results. The company reaffirmed its full-year earnings outlook of ¥10.5 billion, down from ¥11.5 billion, but cut its sales forecast to ¥1.65 trillion from ¥1.7 trillion, citing ongoing pricing pressures and reduced output.
Second-quarter production was 1.8 million tons, a 4.5% drop from the same period in 2024, reflecting continued soft demand in Japan and abroad. The revision reflects a more cautious macro outlook and a strategic shift toward cost optimization and higher-margin products.

Kobe Steel (7013.T) reported a 23% year-over-year decline in nine-month net profit to ¥1.34 billion (USD 169 million) as weak demand and steel price weakness pressured results. The company reaffirmed its full-year earnings outlook of ¥10.5 billion, down from ¥11.5 billion, but cut its sales forecast to ¥1.65 trillion from ¥1.7 trillion, citing ongoing pricing pressures and reduced output.

Second-quarter production was 1.8 million tons, a 4.5% drop from the same period in 2024, reflecting continued soft demand in Japan and abroad. The revision reflects a more cautious macro outlook and a strategic shift toward cost optimization and higher-margin products.

ET 13:45
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Operational

Roblox (RBLX) Expands 18-Plus Gaming with AI and AD Age Verification

Roblox (RBLX) is broadening its user base with a mandatory 18-plus age verification process launched in January 2026 via facial recognition with Persona, signaling a strategic pivot to higher-value demographics. Q4 bookings reached $2.2B, a 55% YoY increase, and full-year sales growth is expected 23%-29%. CEO David Baszucki said engagement in the verified segment is climbing over 50% YoY, with the company expanding into RPGs and sports titles and leveraging over 400 internal AI models to enhance its creator economy and multiplayer moat. The stock surged over 13% on the news as analysts note strong execution but caution about AI disruption from Google and a challenging 2026 outlook, with JPMorgan下调 its 2026 price target to $75 from $100.

Roblox (RBLX) is broadening its user base with a mandatory 18-plus age verification process launched in January 2026 via facial recognition with Persona, signaling a strategic pivot to higher-value demographics. Q4 bookings reached $2.2B, a 55% YoY increase, and full-year sales growth is expected 23%-29%. CEO David Baszucki said engagement in the verified segment is climbing over 50% YoY, with the company expanding into RPGs and sports titles and leveraging over 400 internal AI models to enhance its creator economy and multiplayer moat. The stock surged over 13% on the news as analysts note strong execution but caution about AI disruption from Google and a challenging 2026 outlook, with JPMorgan下调 its 2026 price target to $75 from $100.

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Operational

Inpasa (INPA) to Surge China DDGS Exports, Targeting 1.5M Tons by 2026

Brazilian corn ethanol producer Inpasa (INPA) plans to significantly expand exports of dried distillers grains with solubles (DDGS) to China this year, with contracts for an additional 250,000 tons and potential 2026 shipments of up to 1.5 million tons. The company expects China to account for 40% to 50% of its exports within a short period, including its first shipment scheduled this year. Spain currently leads Europe as the largest buyer, with growing interest from Italy and other countries.
China’s opening of import access to Brazilian sorghum amid reduced U.S. exports has created a favorable environment for Inpasa’s DDGS, leveraging its expanding corn ethanol production.

Brazilian corn ethanol producer Inpasa (INPA) plans to significantly expand exports of dried distillers grains with solubles (DDGS) to China this year, with contracts for an additional 250,000 tons and potential 2026 shipments of up to 1.5 million tons. The company expects China to account for 40% to 50% of its exports within a short period, including its first shipment scheduled this year. Spain currently leads Europe as the largest buyer, with growing interest from Italy and other countries.

China’s opening of import access to Brazilian sorghum amid reduced U.S. exports has created a favorable environment for Inpasa’s DDGS, leveraging its expanding corn ethanol production.