Corsair Gaming (CRI.S) surged 62% in extended trading after reporting fiscal 2026 Q4 earnings that exceeded expectations. The company posted revenue of $285 million, up 18% year-over-year, and a 12% rise in net income to $38 million. Management cited a strong product backlog and higher gaming PC sales as drivers of the upbeat results. The stock closed at $14.50, up from $9.14 at the start of the session.

Investor Michael Burry, known for accurately forecasting the 2008 housing crash, predicts Palantir (PLTR) could lose up to $200 billion in intrinsic value over the next several years. He attributes the firm’s success to overblown AI hype and consultancy work, noting its CEO initially underplayed large language models and spun them as a strategic advantage.

Palantir, a major NHS data integration contractor in the UK and a builder of the government’s Covid dashboard, faces renewed scrutiny as A&E trolley waits reach record levels. Burry estimates fair value is about $46 per share, down 64% from PLTR’s $129 closing price on February 13, 2026, implying a market value less than $100 billion.

He argues legacy customers have long subsidized the firm’s software with $4 billion in investor capital, and with generative AI emerging, competitive pressure could erode margins and valuations.

The Drewry World Container Index (WCI) declined 1% to $1,933 per forty-foot equivalent unit (FEU), marking its fifth consecutive weekly drop as benchmark Asia-to-U.S. and Europe routes weaken. Spot rates on Shanghai to Los Angeles and New York fell 1% to $2,214 and $2,800, respectively, as carriers added 57 blank sailings over the next two weeks to manage capacity ahead of China’s Lunar New Year, signaling further pressure on rates. Rates on Shanghai to Rotterdam and Genoa fell 2% to $2,127 and 3% to $2,965. Carriers also announced 24 blanks on Asia-Europe/Mediterranean routes, with analysts forecasting continued slight declines in the coming weeks amid weak demand and global uncertainty. Spot rates often precede contract pricing negotiations for 2026.

Euro area trade ended 2025 with a €12.6B surplus in December 2025, per Eurostat, as exports rose 3.4% to €234B and imports 4.2% to €221.3B, narrowing from +€13.9B in December 2024. Year-to-date, the balance was €164.6B, up from €168.9B in the same period of 2024; full-year exports reached €2,937.9B (+2.4%) and imports €2,773.3B (+2.7%).

Seasonally adjusted December results improved from November: exports up 1.1% and imports 0.6%, yielding a balance of €11.6B versus €10.2B in November. The chemicals, machinery and vehicles, and raw materials sectors posted smaller surpluses, while the energy deficit shrank from -€24.5B to -€19.1B. The EU recorded a €12.9B December surplus, with exports up 2.2% and imports up 3.0%, maintaining a €133.5B year-end surplus, slightly down from €140.6B in 2024.

Anthropic (ANTH) closed a record $30 billion Series G funding round, lifting its valuation to roughly $380 billion. The round, led by GIC and Coatue, included commitments from Microsoft and Nvidia, and signals preparation for a potential IPO later this year with Wilson Sonsini on retainer.

The company estimates $14 billion in annualized revenue, up 1,300% from 2025, with 80% derived from enterprise clients, including over 500 customers spending over $1 million annually. Claude Opus 4.6, capable of processing up to 1 million tokens of context, is driving deeper AI integration into enterprise workflows.

Market jitters are rising as generative AI encroaches on knowledge-intensive functions, pressuring traditional software revenue models. Despite this, private capital remains flowing at near-stratospheric levels, with OpenAI reportedly targeting a valuation north of $800 billion in a forthcoming round.

U.S. wheat futures activity as of February 13, 2026, 10:00 AM CST:

- Settlement: 500 cents per bushel

- Estimated Trading Volume: 111,130 bushels

- Thursday's Volume: 323,172 bushels

- Open Interest: 497,378 contracts

- Open Interest Change: -6,163 contracts

The U.S. dollar index closed at 103.15 on Friday, February 13, 2026, up 0.4% from the previous close. The dollar gained strength on higher-than-expected inflation data and strong U.S. employment report for January, which reinforced the case for maintaining accommodative monetary policy. The dollar was also supported by a narrowing spread between 10-year Treasury yields and those of equivalent European and Japanese government bonds, signaling continued risk-off sentiment in global markets.

ICE Sugar futures closed at 112.00 cents per pound on Friday, February 13, 2026, with estimated trading volume of 88,625 contracts and Thursday's volume of 326,907 contracts. Open interest rose to 1,103,167 contracts, an increase of 2,610 contracts from the previous day.

Crude oil prices closed at $1,000 per barrel for NYMEX Light Sweet Crude on Friday, February 13, 2026.

Trading volume for the week totaled 310,706 contracts, compared to 1,068,197 contracts on Thursday.

Open interest ended at 2,116,009 contracts, down 29,244 from the previous session.

ICE U.S. Cotton futures closed at $5.00 per lb. on Friday, February 13, 2026, following a trading day with estimated volume of 22,565 contracts and Thursday's volume of 89,870 contracts. Open interest totaled 356,636 contracts, reflecting a net change of -4,579 contracts.

Corn (CBOT):

- Last traded price: 5.000 cents per bushel

- Estimated trading volume: 153,515

- Thursday's volume: 681,186

- Open interest: 1,759,693

- Open interest change: +14,420

Copper futures closed at $2.50 per pound on Friday, February 13, 2026, as of 10:00 AM EST. Estimated trading volume for the week reached 69,575 contracts, compared to 89,477 contracts for Thursday. The open interest totaled 272,075 contracts, up 1,132 contracts from the previous session.

Chicago Board of Trade (CBOT) early trading on Friday, Feb 13, 2026, saw significant movement in key agricultural and commodity futures. Soybean prices rose 0.8% to $5.25 per bushel, while corn futures added 0.6% to $6.10 per bushel. Lean hog futures gained 1.2% to $1.28 per pound, reflecting continued strength in livestock markets. Natural gas futures closed higher for a third consecutive session, climbing 2.1% to $4.12 per MMBtu, amid expectations of colder-than-average weather in the Midwest.

Data reflects early session settlements and may reflect slight price volatility as the full session trades develop.

NatWest (LON: NAT) is reshaping its graduate recruitment to prioritize AI-ready talent, including data scientists, software engineers, architecture planners, and prompt engineers, as it accelerates its tech-driven strategy. The bank, which invests £1.2bn in AI and operational simplification, reported pre-tax profits of £7.7bn for 2025, up a quarter from 2024, and announced a £750m share buyback. CEO Paul Thwaite, paid £6.6m in 2025, signed a £2.7bn strategic acquisition of wealth manager Evelyn Partners, its largest since the £49bn ABN Amro deal in 2007. Shares fell 10% since the deal, though Thwaite attributed volatility to broader macroeconomic and geopolitical factors. AI is already reducing costs, with automation saving about 90,000 hours annually in customer service and complaint handling.

The U.S. January CPI rose 0.2% monthly and 2.4% year-over-year, softer than expected, prompting a reassessment of the Federal Reserve's policy path. While nonfarm payrolls remain strong, analysts see inflation easing creating room for rate cuts.

Chicago Fed Chief Phil Orlando noted the data "beat expectations," providing policy flexibility. He anticipates potential for three 25-basis-point cuts in 2026, with the first possibly in June. Peter Cardillo of Spartan Capital Securities said no acceleration is evident, and a rate cut could come as early as June if inflation continues to moderate. Michael Metcalfe of State Street Markets emphasized a "peak in the rearview," supporting a path of rate declines through the year.

However, views diverge. Lindsay Rosner of Goldman Sachs expects only two cuts this year, with the first in June. Josh Jamner of ClearBridge warned that core CPI for services rose 0.6% in January, the highest in a year, signaling lingering demand-driven pressures. Brent Schutte of Northwestern Mutual said the data did not fundamentally change Fed outlooks, citing a mixed labor market and pending signals.

Market responses reflect分化: fixed income and interest-sensitive sectors, including construction and real estate, are favored amid a potential transition in Fed Chair transition.

Pacific Biosciences (NASDAQ:PACB) reported Q4 CY2025 results exceeding expectations, with sales rising 13.8% YoY to $44.65 million and a non-GAAP loss of $0.12 per share, 10.8% above consensus. Record consumables revenue and broader instrument placements for Revio and Vega platforms drove the quarter, supported by strong clinical adoption in rare disease and targeted genomics, with Europe seeing accelerated deployment.

Management attributed higher gross margins to shifting clinical customers from pilot to full-scale use and positive early feedback on SparkNex, its next-gen chemistry, in beta. The 2026 outlook hinges on SparkNex’s commercial launch, which management expects to boost throughput and reduce per-genome costs, alongside deeper contract wins and disciplined cost management. CFO James Gibson cautioned against continued academic spending weakness.

Key watchpoints include SparkNex’s adoption, growth in clinical and population-scale contracts, and margin expansion as the company transitions from short-reads.

The Bureau of Labor Statistics reported January CPI at 2.4%, slightly below 2.5% expectations, signaling continued moderation in inflation following three Fed interest rate cuts over the past six months. However, core inflation remains at 2.5%, with shelter costs up 3.0% year-over-year—rents and mortgage payments outpacing other categories. Energy prices fell 7.5% YoY, including gasoline, but this is offset by persistently high housing costs, which account for about 35% of CPI and are the most policy-resistant component. Airfares rose 6.5%, and personal care goods climbed 5.4% MoM. While some price pressures ease, consumers continue facing tough budget choices as discretionary spending is less affected than housing.

Dutch Bros (NYSE:BROS) reported Q4 CY2025 revenue of $443.6 million, up 29.4% year-on-year, and non-GAAP profit of $0.17 per share, 73.9% above consensus. Sales surpassed expectations despite full-year revenue guidance of $2.02 billion at the midpoint, 1% below estimates, reflecting ongoing cost pressures.

Management credited growth to strong transaction volume, new shop openings, and expanded same-store sales, with productivity gains and a refined development process supporting higher average unit volumes. CEO Christine Barone highlighted beverage innovation and loyalty program engagement as drivers. CFO Joshua Guenser noted elevated coffee and occupancy costs will weigh on margins, while the rollout of the new food program and expansion into additional states, including recently acquired Clutch Coffee Bar locations, remain central to future growth.

Looking ahead, the company aims to achieve a 30% contribution margin, balancing expansion with cost management. Key metrics to watch include the pace and productivity of new store openings, customer adoption of the new food program, and execution on SG&A leverage.

Consumer price inflation came in 0.3% MoM in January (vs. 0.4% consensus), according to preliminary data released by the Bureau of Labor Statistics on February 13, 2026. The annual inflation rate eased to 3.4% (vs. 3.6% expected), suggesting less upward pressure on interest rates and providing a potential tailwind for equities.

The milder-than-anticipated pace may support a pause in Federal Reserve rate hikes in the near term, according to economists surveyed by Nasdaq. If confirmed, this could lead to a more accommodative monetary environment, potentially提振 investor sentiment and offsetting the drag from higher-than-expected bond yields.

Net loss for the fourth quarter of 2025 narrows to $117 million, or $0.19 per share, versus a $169 million loss in the same period of 2024, according to the biotech firm's results released February 13, 2026. Revenue for the quarter rises to $287 million, up from $224 million in the prior-year period. The improvement follows continued delivery of its messenger RNA vaccines and a reduction in research and development expenses. The stock closed at $34.85 on February 13, 2026, down 1.2% on the day.