Kraft Heinz (KHC) announced on February 11, 2026, it is halting its planned breakup and redirecting $600 million to fund a U.S. restructuring, effective immediately. The company cited the need to stabilize its core businesses and improve operational efficiency in the face of evolving consumer preferences and supply chain pressures.

The allocation includes $200 million for technology upgrades, $150 million for supply chain optimization, and $150 million for marketing and innovation focused on U.S. markets. The decision reflects a strategic pivot to enhance competitiveness and deliver sustainable value to shareholders in the U.S. segment.

Great-West Lifeco Inc. (GWP) reported a 12% year-over-year decline in fourth-quarter profit to $114 million, or $0.32 per share, on February 11, 2026. The reduction followed lower investment returns and higher claims, partially offset by gains in its insurance and annuity book values.

Full-year 2025 net income was $469 million, a 10% improvement from $521 million in 2024, reflecting stronger underwriting performance and disciplined expense management. The company attributed the Q4 dip to macroeconomic headwinds, including lower interest rates and inflationary pressures, which compressed investment yields and premium growth.

Curtiss-Wright (CWR) reported higher fourth-quarter profit on February 11, 2026, driven by strong defense and aerospace contracts. The company announced a 12% increase in non-GAAP net income to $148.5 million, or 14.3 cents per share, compared to $132.6 million, or 14.0 cents per share, in the same period of 2025. Revenue reached $1.08 billion, exceeding the $1.03 billion median estimate. Management attributed the results to improved demand in its defense and industrial segments, with no significant changes in executive leadership or majorarnings guidance provided.

U.S. nonfarm payrolls for January surged 130,000, far exceeding the 55,000 median forecast, with the unemployment rate falling to 4.3%, the lowest since August 2025. The data preceded a significant unwind in Fed cut expectations: three-month cut odds dipped below 5%, and the first Fed cut was pushed to July.

Yields on U.S. Treasuries rose sharply—10-year yield climbed 3 bps to 4.172%, and the 2-year yield climbed 6 bps to 3.514%—sparking broader risk-off sentiment. Major U.S. equity indices closed negative on the news: Dow Jones fell 66.74 (-0.13%) to 50,121.40, Nasdaq down 36.007 (-0.16%) to 23,066.467, and S&P 500 nearly持平 at 6,941.47. The FANG+ index was -0.85%, and the Philadelphia Semiconductor Index was -2.28%.

Analysts highlight mixed signals: while labor market conditions support a potential 3% neutral stance for March, weakness in the labor force participation rate and low quit rates suggest the market remains underweighted. Cryptocurrencies also retreated, with Bitcoin near $67,500.

U.S. dollar remained range-bound Wednesday, February 11, as upbeat January nonfarm payrolls led traders to下调 expectations for Federal Reserve rate cuts.

At close, the Dollar Index (DXY) rose 0.1% to 96.87. January nonfarm payrolls increased 130,000 vs. a 66,000 median forecast; the unemployment rate fell to 4.3% from 4.4%.

Strong labor data, with inflation broadly in line with expectations, reduced cut anticipation and lifted U.S. Treasury yields. Senior economist Jose Torres of Interactive Brokers noted that while Treasuries are higher, the dollar weakened as policy makers may still seek to lower borrowing costs.

The Federal Open Market Committee kept rates at 3.50%–3.75% percent, characterizing labor markets as stabilizing. However, White House economic advisor Kevin Hassett warned AI-driven productivity gains could temper job growth in coming months.

The key catalyst for policy outlooks will be Friday’s consumer price index (CPI).

<emphasis>截至2026-02-12 06:00 UTC:&lt;/emphasis&gt;

<ul>

<li>DXY: 96.92, +0.01 pt</li>

<li>EUR/USD: 1.1870, -0.0084%</li>

<li>GBP/USD: 1.3622, 0.00%</li>

<li>AUD/USD: 0.7119, -0.08%</li>

<li>USD/CAD: 1.3566, -0.04%</li>

<li>USD/JPY: 153.13, -0.06%</li>

</ul>

Cisco Systems Inc. (CSCO) reported second-quarter revenue of $35.8B, up 6% year-over-year, driven by strong demand in networking and security services. Non-GAAP earnings per share rose to $0.37, exceeding the Thomson Reuters consensus of $0.34. The company attributed the results to improved data center utilization and continued digital transformation spending. Revenue growth moderated to 2% from 11% in Q1, reflecting seasonality and softening demand in certain verticals.

Rayonier Inc. (RJZ) reported Q4 net income of $128 million, a 18% decline from the prior-year period, and missed revenue guidance. The drop followed lower pulp prices and higher production costs, pressuring margins. For the quarter, the company recorded a net loss of $35 million, compared to a net loss of $24 million in the same period last year. Management attributed the results to continued weakness in global paper and pulp demand, with no significant new product launches or strategic acquisitions announced this quarter.

HubSpot Inc. (HUBS) reported a 12% year-over-year increase in Q4 profit to $34.7 million, or 48 cents per share, on revenue of $146.4 million, up 18% from $124.1 million in the same period of 2025. The improvement followed strong adoption of its marketing, sales, and customer management software across small and midsize businesses during the quarter. Management attributed the results to higher pricing and a shift in customer spending toward digital tools.

Leggett & Platt Inc. (LGT) reported fourth-quarter profit up 12.3% to $49.4 million, or 46 cents per share, on higher revenue and strong demand in its industrial segments. The results, released February 11, 2026, reflect a 9.8% increase in revenue to $317.8 million compared to the prior-year period. Management attributed the improvement to improved pricing, higher production, and strong order intake. The company's furniture and related products division contributed the majority of the gains, while the global industrial products segment posted a 15% revenue increase.

Equinix (EQ:IX) reported fourth-quarter net income of $1.3 billion, a 12% decline from $1.48 billion in the same period of 2025, driven by lower leasing demand and higher interest and occupancy costs. Revenue totaled $4.7 billion, down 2.3% year-over-year. The company attributed the results to soft demand in its data center colocation segment, with enterprise spending tempered by macroeconomic headwinds. Guidance for 2026 remains unchanged at $4.95 billion in annual revenue and $1.55 billion in net income.

Cognex Technologies Corp (CGNX) released Q4 results showing non-GAAP profit of $113 million, up 18% from $95.8 million in the same period of 2025. Revenue for the quarter totaled $389.6 million, a 4.2% increase from $372.8 million in Q4 2025. The rise followed strong demand in industrial vision and automation systems, with the company attributing higher margins to improved production efficiency and cost controls. The stock closed at $47.92 on February 11, 2026, up 2.3% on the day.

Albemarle (ALB) reported a net loss of $125 million for the fourth quarter ended January 31, 2026, primarily driven by lower lithium prices and higher production costs. The company recorded revenue of $1.87 billion, a 12% increase from the prior-year period. EPS was -$0.27 per share versus -$0.29 in the same quarter of 2025. Management attributed the results to supply chain disruptions and a strategic shift toward higher-margin products.

U.S. House Select Committee on China Democrats see a policy shift: Rep. Ro Khanna now considers selling older-generation H200 Hopper GPUs to China, differing from his predecessor's stance. He criticized President Trump's inconsistent policies, which Khanna argues are weakening Taiwan's security.

Khanna stated the U.S. should not export Rubin or Blackwell-class chips to China, but once the U.S. maintains a two-to-three-year technological lead, selling older chips for general industry use is acceptable. The H200, part of the Hopper architecture, was released in 2024, preceding Blackwell and Rubin, expected later this year.

The committee, traditionally bipartisan, is experiencing new political tension as members more directly scrutinize the administration's Taiwan policy. Khanna's predecessor, Rep. Raja Krishnamoorthi, introduced legislation last year aiming to block semiconductor exports to China. A Republican colleague, Rep. John Moolenaar, previously criticized Trump's allowance of H200 sales to China. As of publication, NVIDIA has not commented.

McDonald's Corporation (MCD) reported fourth-quarter net income of $2.9 billion, up 6.2% from $2.73 billion in the same period of 2025, driven by higher sales and improved pricing. The stock closed at $242.13 on February 11, 2026, reflecting positive earnings sentiment. Revenue for the quarter reached $14.6 billion, a 3.1% increase year-over-year. CEO Chris Koch attributed the gains to operational efficiencies and a strong global rollout of new menu items, with no significant changes to the board or management during the quarter.

Net profit for Neurocrine Biosciences Inc (NCRN) rose to $132 million in Q4 2025, a 12% increase from $118 million in the same period of 2024. Revenue climbed 21% to $448 million, driven by strong sales of its Alzheimer’s disease treatment, lecanemab. The company attributed the results to higher dosing of lecanemab and expanded access in key markets. Earnings per share for the quarter were $1.24, up from $1.12 in Q4 2024.

Meta (META-US) broke ground in Lebanon, Indiana, on its largest data center to date, investing over $10 billion to expand AI infrastructure. The facility, spanning about 400,000 square feet with an expected power capacity exceeding 1GW, will support both Meta’s AI workloads and core products and is targeted for completion by the end of 2027 or early 2028.

Construction is scheduled to peak with over 4,000 workers and will create approximately 300 long-term roles; the company will also invest $120 million to improve local infrastructure. Meta plans to spend up to $135 billion on AI expansion and data center construction through 2026, up from $72.2 billion in 2025.

The project follows broader AI capital spending by peers: Alphabet (GOOGL-US) plans $18 billion, and Amazon (AMZN-US) projects $20 billion through 2026. Meta’s stock reacted strongly in early February 2026 before the gains largely reversed.

To mitigate local opposition, Meta will bear all electricity costs and commit to paying $1 million annually to Boone REMC for 20 years to assist with utility bills, provide emergency water fee support, and implement a closed-loop water system that minimizes water use. The company will also invest over $120 million to upgrade water, road, transmission lines, and other local utilities.

Morgan Stanley highlights buying opportunities in software stocks as AI-driven selloffs continue, with the iShares Expanded Tech-software Sector ETF (IGV) down over 20% since January 3, 2026. Analysts attribute the decline to fears of headcount reductions and seat-based revenue compression from AI-native competition, exemplified by a sell-off following Anthropic's AI legal tools.

The firm identifies five companies with significant upside: Intuit (INTU), Salesforce (CRM), ServiceTitan (TTAN), CCC Intelligent Solutions (CCC), and Vertex (VERX). At fair value, Intuit and Salesforce each have about 101% and 109% potential gains from Tuesday, Feb 9, 2026's close, respectively.

Key to the outlook is demonstrating AI's material financial impact; weakness in cloud growth has pressured Microsoft (MSFT) and Amazon (AMZN), while Meta Platforms (META) saw gains from AI-driven ad performance. Morgan Stanley and Jefferies caution that non-linear AI advancements will keep the market volatile and earnings disappointments could trigger further swings.

U.S. Treasuries declined on February 11, 2026, as stronger-than-expected jobs data fueled expectations of higher interest rates. The nonfarm payrolls rose by 225,000 in December, well above the 185,000 median forecast, and the unemployment rate held at 3.5%, matching a two-year low. The Federal Reserve is expected to hike its policy rate by 25 basis points in its next meeting, likely in March, according to a Reuters poll of economists. Higher rates typically curb borrowing and slow economic growth, putting downward pressure on bond prices.

Apple’s planned Siri enhancements are being pushed back due to testing issues, moving key features from iOS 26.4 to iOS 26.5 (May) and iOS 27 (September). Internal testing found the assistant struggles with query processing, latency, and complex commands, and sometimes falls back to OpenAI’s ChatGPT.

The March 2026 target was reaffirmed internally despite a prior 2026 window and a previous hint of an early 2025 timeline. Apple is considering a preview mode for high-risk features and has included a notice in iOS 26.5 indicating some Siri improvements.

Apple shares pared gains on the news, closing at $276.71, up 1.1% as of February 11, 2026, 14:52 ET. The new Siri, built on the Linwood architecture and Apple’s Foundations Models, is also integrating web search and image generation, with iOS 27 expected to bring a chatbot-style overhaul powered by Google servers under the “Campo” initiative.

Investors are pivoting from AI valuation fears to disruption concerns, driving indiscriminate selling across software and financials. This week, shares of Charles Schwab (SCHW) and LPL Financial (LPLA) declined amid announcements of AI models for financial analysis and an AI-powered tax tool. The SPDR S&P Software & Services ETF (XSW) and Financial Select Sector SPDR (XLF) are down 19% and 3% YTD, versus gains in the S&P 500 and Nasdaq. Morgan Stanley analysts report 30% of its tracked companies citing AI impacts in Q4 2024 (up from 16% in Q4 2023), signaling recurring disruption-related volatility. Stocks such as Microsoft (MSFT), Intuit (INTU), Palo Alto Networks (PANW), Sony Group (SONY), Tencent, and Spotify (SPOT) are being flagged as potentially mispriced. Analysts and strategists, including Deutsche Bank’s Brad Zelnick and Yardeni Research’s Ed Yardeni, suggest overreaction is pricing in disruption over a longer timeline, with Yardeni maintaining an overweight view on financials.