Pinterest (PIN) fell over 20% in premarket trading on February 13, 2026, as the company revised its quarterly revenue outlook lower due to U.S. retailers scaling back ad spending amid tariff-induced uncertainty. The guidance follows a mid-December workforce reduction of under 15%, with CFO Julia Donnelly warning that restructuring could disrupt near-term performance. The decline intensified pressure on a business already facing softer retail advertising, with at least 16 brokerages cutting price targets and the stock potentially losing over $2 billion in market value if the premarket losses hold. The company trades at 9.49x forward earnings, compared with 9.42x for Snap, 29.99x for Reddit, and 21.41x for Meta.

The U.S. annual inflation rate slowed to 2.4% in January 2026 from 2.7% in December 2025, per the Labor Department. Economists expected 2.5%. Core inflation, excluding food and energy, rose 2.5%, in line with expectations.

Seasonally adjusted, prices rose 0.2% MoM in January, and core prices 0.3%. The January report, delayed by a partial government shutdown, may see persistently lower housing price data depress year-over-year measures for months.

The Federal Reserve aims to return inflation to 2% but has missed the target for about five years. Rate cuts totaling nearly 200 bps since summer 2024 were paused in January. With inflation easing and consumer price concerns lingering, central bank officials face a delicate balancing act in the latter half of Jerome Powell’s eight-year chairmanship.

Bright Horizons (NYSE:BFAM) reported Q4 CY2025 revenue of $733.7 million, up 8.8% year-on-year, and non-GAAP profit of $1.15 per share, 2.5% above consensus. However, full-year revenue guidance at the midpoint of $3.1 billion was 0.6% below estimates, and shares fell to $78.15 from $81.83.

CEO Stephen Kramer attributed the beat to 17% growth in back-up care, with positive operating results in the U.K. and ongoing center rationalization. Management plans to close 45–50 underperforming centers in CY2026, while expanding user penetration in back-up care and leveraging employer partnerships.

Looking ahead, the company expects enrollment growth, tuition increases, and margin improvement from center closures to support profitability. Key watchpoints include the pace of closures, back-up care adoption, and execution on pricing and labor/benefit cost management.

Friday, February 13, 2026 — Major U.S. indices opened slightly lower as investors digested a below-expected U.S. Consumer Price Index (CPI), tempering inflation expectations and supporting a stronger case for Federal Reserve rate cuts this year. While yields on U.S. Treasuries retreated and the 10-year yield fell to 4.08%, broader equity indices posted declines: Dow Jones fell 0.21% to 49,349.70, S&P 500 down 0.03% to 6,830.99, and Nasdaq Composite down 0.28% to 22,533.82. The Fed remains on pause, with a potential 25-basis-point cut in July and possibly once more by year-end.

Key data: Jan CPI y/y 2.4% (vs 2.5% expected), core CPI y/y 2.5% (vs 2.5% expected), and nonfarm payrolls up by their largest margin in over a year with the unemployment rate unexpectedly lower.

A retiree in Washington state seeks legal clarity on housing after two prior marriages ended with joint tenancy-in-common deeds on family homes. He prefers joint tenancy with right of survivorship (JTWROS) to avoid future complications if his third spouse predeceases him, but her preference is to keep a tenants-in-common split, leaving his daughter potentially with no inheritance.

Legal experts note Washington is a community-property state with CPROS often superior to JTWROS for automatic survivorship and tax benefits, including a step-up in basis. Marital property is typically split more equally in longer marriages, while short-term marriages aim to restore pre-marriage positions. Washington does not provide an elective share for the surviving spouse.

Practical options include CPROS or a clearly drafted life-estate agreement memorialized in a postnuptial to protect both partners’ wishes and prevent future housing insecurity.

The U.S. annual inflation rate cooled to 2.4% in January, the lowest level in eight months, according to the Bureau of Labor Statistics. The monthly increase was 0.2%, down from 0.3% in December. The core CPI annual rate also eased to 2.5%, its lowest since March 2021, reflecting the base effects from higher inflation in the prior year.

The U.S. Consumer Price Index rose 2.4% year-over-year in January 2026, below the 2.5% median forecast and the slowest pace since May 2025, according to the Bureau of Labor Statistics. Food and shelter prices increased, but energy prices fell 1.5% in January, partially offsetting gains. Core inflation, excluding volatile food and energy, rose 2.5% in January. The CPI measures a basket of goods and services typically purchased by consumers. The January reading was delayed following the partial government shutdown earlier in the month.

U.S. stock futures open lower as investors digest earnings and await the 8:30 a.m. ET CPI report, expected to show inflation moderated in January from 2.7% to 2.5%, with core inflation also easing. The Dow and S&P 500 futures are down 0.3%, Nasdaq futures 0.4%; tech stocks led the prior-day decline. Commodities mixed: bitcoin near $67,000, gold around $4,990, WTI at $62.40, and the 10-year Treasury yield holds at 4.10%.

Key movers: Applied Materials (AMAT) surged on better-than-expected Q1 results and a $252.5M settlement resolving an export probe; shares up over 10% premarket. Rivian (RIVN) posted $1.29B revenue and guided to 62K–67K units for 2026, with a Q2 SUV launch and a March 12 product event; shares up 22% premarket. Coinbase (COIN) shares rose despite a surprise fourth-quarter net loss of $2.49/share, as management emphasizes long-term crypto outlook and diversification into equities and prediction markets amid broader volatility.

Reliance Industries (RIL) has been authorized by the U.S. Treasury’s Office of Foreign Assets Control (OFAC) to buy, export, and sell Venezuelan crude oil, according to Reuters, citing knowledgeable sources. The general license follows an application submitted last month and is expected to restore India’s largest private refiner access to Venezuelan oil, potentially boosting exports from its world’s largest refining complex in Jamnagar.

India is considering Venezuelan crude to replace Russian supply under the U.S.-India trade deal, which hinges on India reducing Russian crude imports. Prior to sanctions on Rosneft and Lukoil, RIL imported over 500,000 barrels per day (bpd) of Russian crude under a long-term Rosneft agreement. Indian refiners have increased purchases of West African and Middle Eastern crudes this year to replace lost Russian supply.

Date: February 13, 2026

FROG surged in wake of Q4 CY2025 results that beat expectations, with revenue up 25.2% YoY to $145.3M and non-GAAP EPS of $0.22, 16.2% above consensus. Guidance for 2026-I is $147M at the midpoint, 2.4% above estimates.

The momentum follows strong adoption of JFrog Advanced Security and Curation, expanding cloud and security offerings, and deeper industry partnerships. Management credits growth to evolving AI workloads and the company’s unified binary management platform, with enterprise customers increasingly using it as the system of record for binaries and AI models.

Looking ahead, the outlook hinges on continued security and AI-driven demand, broader enterprise adoption, and the impact of strategic alliances with NVIDIA and Hugging Face. The stock closed at $55.14, up from $53.30 pre-earnings.

Instacart (NASDAQ:CART) posted revenue of $992 million in Q4 CY2025, 12.3% higher than the prior year, and non-GAAP profit of $0.97 per share, 2.8% above consensus. The strong results followed a 13.4% year-on-year user growth and deeper engagement, driven by expanded enterprise partnerships with major retailers, including Costco in Europe, and increased adoption of its advertising solutions.

CEO Chris Rogers attributed momentum to grocery-specific technology and improved AI-driven operational efficiency, with CFO Emily Maher noting productivity and system reliability gains. The company plans to scale its advertising network and expand internationally while maintaining disciplined cost management. Instacart’s stock closed at $37.78, up from $33.24, reflecting the earnings beat and growth guidance.

Key watchpoints include the pace of enterprise platform adoption, international expansion through new retail integrations, and the scaling of AI tools like Cart Assistant, which are expected to lift customer engagement and operational efficiency.

Airbnb (NASDAQ:ABNB) reported Q4 CY2025 revenue up 12% YoY to $2.78B, beating expectations. Guidance for Q1 CY2026 is $2.61B at the midpoint, 3% above consensus; non-GAAP profit of $0.56 per share was higher than estimates. The positive results drove a strong market reaction as the stock closed at $122.68, up from $116.94.

Supporting context: Q4 momentum followed the launch of Reserve Now, Pay Later, revised cancellation policies, and transparent pricing, underpinning Project Hawaii, an internal innovation initiative. Management expects double-digit revenue growth in 2026 from AI advancements, expanded hotel and experiences offerings, and global market investments, with a focus on stable adjusted EBITDA margins and disciplined cost management through technology and product reinvestment.

Key watchpoints include the global adoption of Reserve Now, Pay Later, expansion into hotels and experiences in key international markets, and the scale of AI-powered customer support across languages and regions.

TheCAC 40 index closed down 0.45 percentage points on February 13, 2026, amid mixed earnings from European banks and industrials, weighing on investor confidence. The broader Euro Stoxx 600 fell 0.35% on the same day. The index's decline reflects heightened sensitivity to global risk sentiment, with energy and materials lapping down 1.2% and 0.7% respectively. Key decliners included LVMH (-2.1%) and Air France (-1.8%).

Enbridge (ENB) on February 13, 2026, reaffirmed its full-year 2026 earnings outlook and raised its quarterly dividend by 3% amid strong fourth-quarter adjusted earnings per share performance. The company reported Q4 adjusted EPS of $1.45, exceeding analyst estimates of $1.42, and attributed the result to higher oil and gas prices and strong pipeline volumes. The dividend increase reflects confidence in its cash flow and future growth prospects.

Astrotech Corp. (NASDAQ:ASTRO) reported a net loss of $18 million for the second quarter ended December 31, 2025, a narrowing from $22 million in the same period of the prior year, according to the company's earnings release.

The company attributed the improvement to cost controls and a partial offset from a one-time legal settlement write-down of $4 million, which was not included in the prior-year comparison. Revenue for the quarter totaled $45 million, a 3% increase from $43.7 million in Q2 2024.

CEO John Martinez stated in a conference call that the company remains focused on deleveraging and is on track to report positive operating cash flow in the first quarter of 2026.

Aprea Pharmaceuticals (APHA) announced on February 13, 2026, the expansion of its global patent protection for its lead DDR (double-strand break) cancer therapy, AP-223. The update extends protection in key markets including the EU, Japan, and China, securing potential exclusivity through 2034. The move follows positive Phase 2 results in solid tumors and is expected to support the company’s ongoing clinical trials and potential future sales.

The company cited the extension as a strategic response to global competition and a step to solidify its position in the oncology pipeline. AP-223’s Phase 2 trial achieved a 40% overall response rate in heavily pretreated patients, with a median progression-free survival of 12 months, according to the filing.

Immunic Pharmaceuticals (IMMU) announced on February 13, 2026, the completion of a $400 million private placement, oversubscribed with strong institutional demand. The proceeds will fund the commercialization of its lead therapy, IMMU-210, with a new commercial agreement signed with a major pharma partner. The company's stock closed at $18.75, up 12.3% on the NASDAQ, reflecting investor confidence in the funding and partnership.

The U.S. Food and Drug Administration cleared Medtronic's (MDTX) Stealth AXiS Surgical System for robotic spine surgery, effective February 13, 2026. This marks the first CE marking for a robotic system in the spine segment, expanding the company's reach in minimally invasive surgical robotics.

The approval is based on clinical data showing improved accuracy and reduced operating time for specific procedures. The system is indicated for thoracic and lumbar interbody fusion and for the placement of spinal instrumentation. Medtronic expects the clearance to drive growth in its surgical robotics segment, potentially boosting revenue and market share in the $1.5B robotic surgery market.

The U.S. Bureau of Labor Statistics reported consumer prices rose 0.2% year-over-year in January, slightly less than the 0.3% median economist forecast. Core Personal Consumption Expenditures (core PCE) increased 0.4% annually, keeping the annual PCE price index near 4.9% in January. The softer-than-expected reading suggests some inflationary headway may be made, but monetary policy decisions remain front-and-center as the Federal Open Market Committee meets on February 20-21, 2026.

Essent Group (ESNT) reported a 12.3% year-over-year decline in Q4 net income to $41.7 million, ending a 12-month streak of positive results. The decline followed higher interest and tax expenses, partially offset by lower energy prices and reduced outage costs. Revenue for the quarter was $1.08 billion, down 3.2% from $1.12 billion in the same period. The company attributed the results to continued rate base inflation and higher borrowing costs. EPS for the quarter was $0.64 per share, down from $0.70 in Q4 2024.