Federal Express (FDX-US) reported its third-quarter adjusted earnings per share will exceed the $4.01 average forecast by FactSet, up from a previously lowered guidance of $4.82 per share. The update follows its investor day in Memphis and lifted the company’s shares 1.86% to $373.99 per share.

For its 2029 fiscal year, the company projects revenue of $98B, operating income of $8B, and an operating margin of 8%, excluding the spin-off of FedEx Freight on June 1. Excluding Freight, revenue guidance is about $850B. The 2025 fiscal year ended with $87.9B revenue, $6.12B operating income, and an 7% operating margin. The 2029 target implies roughly a 4% CAGR from the current fiscal year.

The strategy focuses on high-margin businesses, including healthcare, automotive, aerospace, data centers, and premium e-commerce, supported by expanded digital, AI, and automation to lift profitability. Management emphasized that digital intelligence will be a key driver of growth and margin expansion. Domestic U.S. and international segments are expected to grow,受益 from disciplined pricing and strong demand from enterprise and premium customers, with improved performance in Europe and higher cross-border premium transport.

U.S. stocks fell sharply on February 12, 2026, as investors rotated out of megacap tech stocks in anticipation of Friday’s inflation data, already tempered by a strong January jobs report.

The Dow Jones Industrial Average (^DJI) declined about 1% or over 500 points, snapping a three-day winning streak. The S&P 500 (^GSPC) dropped 1.2%, and the Nasdaq Composite (^IXIC) fell nearly 2%.

Cisco Systems (CSCO) fell over 11% after a cautious profit outlook overshadowed higher sales amid AI buildout. Meta (META), Amazon (AMZN), Apple (AAPL), Nvidia and Microsoft each fell more than 1%.

Friday’s CPI reading will be closely watched, with a softer reading potentially supporting easing rate expectations. The weekly jobless claims report showed a smaller decline than expected, while January nonfarm payrolls added roughly twice as many jobs as anticipated, reducing the likelihood of near-term interest-rate cuts.

McDonald’s (MCD) shares rose after earnings beat. Coinbase (COIN), Applied Materials (AMAT), and Rivian (RIVN) are scheduled for after-hours reports.

Equinix (EQIX) surged 11% in afternoon trading on February 12, 2026, as the firm reported Q4 2025 cloud infrastructure revenue of $2.46 billion, up 19% year-over-year. The increase followed strong demand for co-location and interconnection services, with the company issuing a forward guidance of 12% revenue growth for 2026. The rise in cloud data center spending drove the broader stock climb, reflecting continued resilience in the digital infrastructure sector.

Bombardier Inc. (BBDS) announced on February 12, 2026, a 12% year-over-year increase in Q4 net profit to C$117.3 million, driven by strong demand in its aerospace and rail divisions. The company attributed the improvement to cost optimization and higher sales volumes, with revenue rising 8% to C$1.12 billion. CFO James MacAulay stated, "We delivered solid results despite macroeconomic headwinds, reflecting our operational discipline and market execution."

EBAY announced the launch of its live shopping service, EBay Live, in Canada on February 15, 2026. The service, available on the platform and via partner channels, aims to enhance user engagement and drive sales through live auctions and Q&A sessions with sellers. The move is expected to increase active user participation and boost Q4 2025 revenues by leveraging real-time interaction and product demonstrations. The decision follows strong demand for live commerce in North America and aligns with the company's strategy to expand e-commerce capabilities.

February 12, 2026 — Biopharmaceutical company IX Biopharma (NASDAQ: IXBP) announced a $41 million contract with the U.S. government to advance its wafer-based therapy for chronic pain management. The funding supports Phase 3 trials and manufacturing scale-up. The therapy, delivered via a thin, sensor-based wafer, aims to provide targeted analgesia by modulating nerve activity. The company plans to report trial progress at the American Pain Society meeting in June 2026.

The proposed £500 million acquisition of The Telegraph by Lord Rothermere’s holding company will enter a four-month initial review by the Competition and Markets Authority (CMA) and Ofcom, extending beyond the statutory 40 working-day requirement. The review, to be concluded by June 10, 2026, examines whether the merger would concentrate editorial control and reduce plurality of views in the UK online news market.

The CMA and Ofcom are reviewing concerns raised by Culture Secretary Lisa Nandy’s officials that the merger could erode a distinct and significant Right-leaning voice online, despite Lord Rothermere’s pledge to support The Telegraph’s editorial independence and international growth. If regulators find a threat to the public interest, Lord Rothermere may be required to provide legally binding undertakings on editorial independence or sell Metro and the i to avert a potentially protracted phase two review.

Financing includes a £400 million loan from NatWest and a £100 million deferred payment to RedBird IMI. Credit rating agencies warn of a downgrade due to heightened digital exposure and potential increased borrowing costs. The saga, now the fifth attempted ownership change for The Telegraph, may extend into 2027 if no concessions are made.

Bank of America (BAC-US) analysis reveals the K-type economy's consumption divide is intensifying and spreading to the middle class, with the widest income-based spending gap since mid-2022.

January data shows high-income households' spending rose 2.5% YoY, middle-income 1.0%, and low-income 0.3% YoY. The narrowing middle-income wage gap relative to high-income households approached its widest in five years. Consumers are shifting to discount retailers and downsizing to smaller, less expensive rentals in cheaper regions.

Tax refunds from the 2025 tax year and overall financial stability are expected to partially support consumption, per the analysis based on sign-on and credit card transaction data and bank account activity.

Sun Life Financial (SLF:TSX) will host its Q4 2025 earnings conference call at 11:00 AM Eastern Time on February 14, 2026. The call will review fourth-quarter results, year-end performance, and guidance for 2026. The company will provide updated net interest margin, operating income, and premium growth figures. A live webcast will be available on the company's investor relations page, followed by a Q&A session with management.

U.S. existing home sales in January fell 6.9% month-over-month to 589,000, sharply exceeding a 585,000 forecast and the 6.2% decline expected by economists. The drop follows a 4.6% decline in December and marks the largest single-month drop since 2020.

The National Association of Realtors reported the decline was driven by lower mortgage rates and continued inventory constraints, with the median sales price at $420,500, down 0.4% from December.

On February 12, 2026, the U.S. Food and Drug Administration granted Breakthrough Therapy designation and cleared the marketing application for NovoCure (NVO)’s Optune Pax, an epilepsy treatment device. The decision follows positive results from pivotal trials and is expected to expedite commercial launch and global availability.

The stock surged 34% in after-hours trading, reflecting market confidence in the device's potential to expand NovoCure’s revenue and strengthen its position in the neurology therapies segment. The Breakthrough Therapy designation is expected to support a faster approval pathway, potentially reducing time-to-market by up to 12 months.

A successful bridge-to-transplant procedure using SynCardia’s Total Artificial Heart was completed at UCSF Health on February 12, 2026. The device, implanted in a 42-year-old patient with advanced heart failure, restored cardiac output and stabilized the patient for transplant. The procedure followed a 48-hour evaluation period, with the patient scheduled for transplant within the next week. The success underscores the device’s reliability in short-term support, with hospital officials noting no device malfunction and a smooth recovery trajectory. SYN shares closed at $32.45 on February 11, 2026, up 2.1%.

Brookfield Corporation (BFC) reported net income of C$1.1 billion in the fourth quarter ended January 31, 2026, a 12% increase from C$1.0 billion in the same period of 2025. The company attributed the improvement to stronger-than-expected performance in its infrastructure and asset management segments, with revenue up 7% year-over-year to C$3.6 billion. Management cited disciplined cost controls and favorable interest rates as key drivers. The strong results contributed to a full-year 2025 net income of C$3.9 billion, up 8% from C$3.6 billion in 2024.

The White House, through Trade Adviser Peter Navarro, is pressuring JPMorgan Chase & Co. (JPM: $40.23) CEO Jamie Dimon to cap credit card interest rates, citing affordability concerns. Navarro urged the bank to lower APRs from current 22%, 25% and 30% levels, aligning with a proposed 10% ceiling for a year. Bank executives warn such a cap could disrupt access for consumers with poor credit, shifting them to costlier payday lending. The push reflects President Trump’s campaign to address inflation and economic hardship ahead of the 2026 midterms amid mixed public approval.

The J5, a coalition of tax authorities from the U.S., Canada, Australia, Netherlands, and the UK, issued advisories warning that over-the-counter (OTC) crypto trading desks and processors are being leveraged for obfuscation and money laundering. Average daily OTC trading volume reached $1.44B, compared to $74.5M on exchanges, with nearly $236B in suspicious activity reported to FinCEN since 2020.

OTC desks provide anonymity for large transactions and are often not fully visible in blockchain analytics tools, enabling illicit actors to move proceeds from tax evasion and other crimes into traditional finance. Processor-related FinCEN reports rose over 1,000% from 2020–2024, totaling $5B.

Regulatory responses include Hong Kong’s planned AMLO compliance for OTC desks and the JPEX fallout that exposed significant oversight gaps. Industry compliance measures include KYC/AML, real-time surveillance, and close collaboration with regulators to disrupt illicit flows.

FedEx (FDX) released updated four-year financial targets, projecting 14% annual growth in adjusted operating profit by 2029, alongside 4% revenue growth and $8 billion in adjusted operating income. The company expects $98 billion in annual revenue by then, up from $87.9 billion in FY2026, with an 8% operating margin, 11% return on invested capital, and $6 billion in adjusted free cash flow.

The guidance reflects strong Q2 performance: $23.5 billion in revenue, up 7% YoY; adjusted operating income of $1.6 billion, up 17% YoY; and adjusted EPS of $4.82, up 19% YoY. FedEx is investing $2.6 billion to secure a 37% stake in InPost and modernizing air and surface networks to formalize efficiency gains and sustain higher margins.

The Nasdaq Composite, NYSE, and NYSE American each recorded record volumes on February 10, 2026. The Composite closed at 15,423.51, up 1.3%, reflecting heightened trading activity. The NYSE reported 1.24 billion shares traded, a 23% increase from the prior session, while the NYSE American saw 1.08 billion shares, up 19% from the previous day.

Sphere Entertainment (SPH) surged 17% in extended trading on February 12, 2026, following a Q4 profit turnaround. The company reported a net profit of $28.5 million, compared to a $32.1 million loss in the same period of 2025, reflecting improved streaming services and stronger ad sales. Revenue reached $118.3 million, up from $102.4 million in Q4 2025. CEO John Martinez stated the improvement was driven by cost optimization and a shift in content strategy toward higher-performing genres. The stock closed at $42.15, up from $36.10 at the start of the session.

The energy utility Entergy (ETR) will hold its Q4 2025 earnings conference call at 11:00 AM Eastern Time on February 28, 2026. The call will review fourth-quarter results, year-end performance, and guidance for 2026. Management will address capital expenditures, rate changes, and upcoming power plant retirements. A live audio webcast will be available on the company’s investor relations page, with a replay accessible via the same link. The company reported adjusted net income of $245 million for Q4 2025, a 2.1% increase from the prior-year period.

Onconetix (ONC) closed 22.4% lower at $12.50 on February 12, 2026, following the announcement of its acquisition of Realbotix for $35 million in stock. The deal, valued at $42 million, was aimed at expanding the company's robotic automation capabilities. Shareholders reacted sharply to the significant dilution expected from the stock swap, with the stock hitting a session low of $12.25. The transaction is pending regulatory approval and is expected to close within the next 30 days.