Housing Supply Shortage

Business

From $2.9 Billion to $7,386: How Tesla's Cybertruck Stumble Evaporated a Korean Family's Fortune

A South Korean family's paper wealth soared past $800 million after their company, L&F Co., inked a landmark battery materials deal with Tesla. Less than two years later, a quiet regulatory filing slashed the contract's value by 99.9997%, a collapse tied directly to Tesla's production struggles with its Cybertruck and 4680 battery cells.

Feb 2, 2026

Business

Giverny Capital Bets on HVAC Giant Watsco Amid Tech-Led Market Volatility

Investment firm Giverny Capital outlines its rationale for adding Watsco to its portfolio, highlighting a value-oriented strategy as markets remain dominated by AI euphoria. The firm's latest investor letter reveals a challenging quarter of narrow returns.

Feb 2, 2026

Business

ABB Beats Earnings Expectations, Analysts Boost Price Target Amid Strong Growth Outlook

ABB's shares surged 10% following its annual results, with earnings per share exceeding forecasts. Analysts have raised their price target to CHF 60.30 and project accelerated revenue growth ahead of industry peers.

Feb 2, 2026

From Alley to Empire: Three Decades On, New York's Tech Scene Has Outgrown Its Moniker

A recent anniversary event for 'Silicon Alley' highlighted how New York's technology sector has evolved from a concentrated downtown community into a vast, decentralized force spanning finance, AI, and e-commerce.

Feb 2, 2026

Business

Brent Crude Eyes $95 as Technical Pattern Signals Potential Reversal

After a prolonged correction, Brent crude oil is showing signs of a potential trend reversal, with a forming double bottom pattern pointing toward a technical target near $95 per barrel. The shift comes amid a tightening physical market and simmering geopolitical risks.

Feb 2, 2026

As AI Penetrates Patient Care, a Patchwork of State Rules Replaces Federal Guardrails

With pharmaceutical companies increasingly deploying AI in direct-to-consumer platforms, the regulatory landscape remains fragmented. In the absence of comprehensive federal action, states are stepping in with disparate laws to address privacy and safety concerns, creating a complex compliance challenge for the industry.

Feb 2, 2026

Business

Chemical Giants Dow and LyondellBasell: High-Yield Turnaround Bets for 2026

After a punishing multi-year slump, materials stocks are showing signs of life in 2026. Dow and LyondellBasell, offering yields of 5% and 10.9% respectively, present a high-risk, high-reward proposition for income investors betting on a sector recovery.

Feb 2, 2026

Business

Canfor Insiders Show Confidence with Sustained Share Purchases Over Past Year

Insiders at Canadian forestry giant Canfor Corporation have been net buyers of the company's shares over the last twelve months, with President Susan Yurkovich leading the activity. The trend signals internal optimism as key executives invest personal capital even above current trading prices.

Feb 2, 2026

Business

PepsiCo's Leadership Shuffle: CEO Joins IBM Board, New CFO for India Signal Strategic Priorities

PepsiCo's CEO expands his tech governance role at IBM, while a new financial chief takes the helm in the critical India region. These moves come as the beverage and snack giant's stock shows resilience, prompting investor analysis of its future direction.

Feb 2, 2026

World

France's 2026 Budget Clears Final Hurdle, Offering Fragile Truce for Macron's Government

After a protracted political standoff, France's long-delayed 2026 budget is set for adoption, granting Prime Minister Sebastien Lecornu a hard-won victory but leaving President Macron's domestic reform agenda in limbo ahead of the 2027 election.

Feb 2, 2026

US

Congress Returns to Washington in Race Against Clock to Avert Government Shutdown

Lawmakers reconvene Monday as House GOP leadership pushes for rapid passage of a stopgap funding bill to prevent a prolonged partial government shutdown, with tensions high over border security provisions.

Feb 2, 2026

Business

Norfolk Southern Unveils Major East Coast Rail Corridor, Aiming to Unclog Freight Bottlenecks

Norfolk Southern has inaugurated its new 'East Edge' double-stack corridor, a decades-in-the-making infrastructure project linking Chicago to New England. The move is set to bolster intermodal capacity in the Northeast and could sharpen the railroad's competitive edge and investor appeal.

Feb 2, 2026

Business

Target's Leadership Shuffle: New CEO and Board Members Signal Renewed Focus on Store Revamp

Amidst sluggish sales and intense competition, Target appoints Michael Fiddelke as CEO and refreshes its board, placing store revitalization and operational efficiency at the heart of its turnaround strategy.

Feb 2, 2026

World

Japan Achieves Deep-Sea Breakthrough in Quest for Rare Earth Independence

Japan has successfully retrieved rare-earth-rich sediment from the deep Pacific seabed in a world-first test, marking a significant step in its national strategy to diversify critical mineral supplies and reduce dependence on China.

Feb 2, 2026

Business

FMC Imposes Landmark $22.7 Million Penalty on MSC for Systemic Billing Abuses

The Federal Maritime Commission has levied one of its largest fines against Mediterranean Shipping Company, citing a pattern of wrongful late-fee charges, tariff publication failures, and repeated overcharges on thousands of container shipments.

Feb 2, 2026

Business

FreightWaves-Ryder Report: Capacity Tightens as 2026 Logistics Landscape Takes Shape

The latest collaborative industry analysis from FreightWaves and Ryder details shifting dynamics in trucking, maritime, and intermodal sectors, offering a data-driven forecast for the pivotal first quarter of 2026.

Feb 2, 2026

Business

Beyond the AI Hype: Why Giverny Capital Is Betting on Industrial Stalwart Hawkins (HWKN)

Amid a market obsessed with artificial intelligence, investment firm Giverny Capital reveals a new position in Hawkins, Inc., a specialty chemicals manufacturer. We examine the rationale behind this contrarian bet and what it says about current market dynamics.

Feb 2, 2026

Business

KTM's Rocky Road: 2025 Sales Slump Underscores Persistent Challenges Despite Restructuring

KTM's preliminary 2025 financial results reveal a steep decline in revenue and sales, casting doubt on the efficacy of recent restructuring efforts and raising questions about the brand's near-term recovery trajectory.

Feb 2, 2026

World

Nigeria Files 57 Terrorism Charges Over 2025 Yelwata Massacre That Left 150 Dead

Nine men face prosecution for one of Nigeria's deadliest rural attacks in recent years, as authorities seek to demonstrate action on persistent security crises in the volatile Middle Belt region.

Feb 2, 2026

Business

Barrell Craft Spirits Sells Kentucky Facility as Whiskey Market Cools

Barrell Craft Spirits has sold a contract bottling plant in Jeffersontown, Kentucky, consolidating operations back to its Louisville site amid shifting consumer demand and a broader slowdown in the US whiskey category.

Feb 2, 2026