Market Signal Briefing

Arthur J. Gallagher & Co. (AJG) Q4 2025 Earnings Call January 29, 2026 5:15 PM EST

Company Participants

J. Gallagher - Chairman & CEO
Douglas Howell - Corporate VP & CFO

Conference Call Participants

Robert Cox - Goldman Sachs Group, Inc., Research Division
Andrew Kligerman - TD Cowen, Research Division
Michael Zaremski - BMO Capital Markets Equity Research
Elyse Greenspan - Wells Fargo Securities, LLC, Research Division
Tracy Benguigui - Wolfe Research, LLC
Charles Peters - Raymond James & Associates, Inc., Research Division
Andrew Andersen - Jefferies LLC, Research Division
Taylor Scott - Barclays Bank PLC, Research Division
Jon Paul Newsome - Piper Sandler & Co., Research Division
Mark Hughes - Truist Securities, Inc., Research Division
David Motemaden - Evercore ISI Institutional Equities, Research Division
Meyer Shields - Keefe, Bruyette, & Woods, Inc., Research Division
Katie Sakys
Ryan Tunis - Cantor Fitzgerald & Co., Research Division

Presentation

Operator

Good afternoon, and welcome to Arthur J. Gallagher & Company's Fourth Quarter 2025 Earnings Conference Call. [Operator Instructions] Today's call is being recorded. If you have any objections, you may disconnect at this time. Some of the comments made during today's conference call, including answers given in response to questions, may constitute forward-looking statements within the meanings of the securities laws.

The company does not assume any obligation to update information or forward-looking statements provided on this call. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Please refer to the information concerning forward-looking statements and Risk Factors sections contained in the company's most recent 10-K, 10-Q and 8-K filings for more details on such risks and uncertainties.

In addition, for reconciliation of the non-GAAP measures discussed on this call as well as other information regarding these measures, please refer to the earnings release and other materials in the Investor Relations section of the company's website. It is now

SkyWest, Inc. (SKYW) Q4 2025 Earnings Call January 29, 2026 4:30 PM EST

Company Participants

Robert Simmons - Chief Financial Officer
Eric Woodward - Chief Accounting Officer
Russell A. Childs - CEO, President & Director
Wade Steel - Chief Commercial Officer

Conference Call Participants

Savanthi Syth - Raymond James & Associates, Inc., Research Division
Duane Pfennigwerth - Evercore ISI Institutional Equities, Research Division
Catherine O'Brien - Goldman Sachs Group, Inc., Research Division
Michael Linenberg - Deutsche Bank AG, Research Division
John Godyn - Citigroup Inc., Research Division
Thomas Fitzgerald - TD Cowen, Research Division

Presentation

Operator

Hello, and welcome, everyone, to the SkyWest Inc. Fourth Quarter and Full Year 2025 Results Call. Today's conference is being recorded. [Operator Instructions] At this time I would like to turn the conference over to Rob Simmons, Chief Financial Officer. Please go ahead.

Robert Simmons
Chief Financial Officer

Thanks, Audra, and thanks, everyone, for joining us on the call today. As the operator indicated, this is Rob Simmons, SkyWest's Chief Financial Officer. On the call with me today are Chip Childs, President and Chief Executive Officer; Wade Steel, Chief Commercial Officer; and Eric Woodward, Chief Accounting Officer. I'd like to start today by asking Eric to read the safe harbor. Then I will turn the time over to Chip for some comments. Following Chip, I will take us through the financial results, then Wade will discuss the fleet and related flying arrangements. Following Wade, we'll have the customary Q&A session with our sell-side analysts. Eric?

Eric Woodward
Chief Accounting Officer

Today's discussion contains forward-looking statements that represent our current beliefs, expectations and assumptions regarding future events and are subject to risks and uncertainties. We assume no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Actual results will likely vary and may vary materially from those anticipated, estimated

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Microsoft Corporation (“Microsoft” or “the Company”) (NASDAQ: MSFT) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Microsoft reported its financial results for Q2 2026 on January 28, 2026. Although many of the Company’s metrics were positive, Seeking Alpha reported on January 29, 2026, that Microsoft shares plunged almost 10% due to capacity restraints related to AI. According to the article, "’Approximately 45% of our commercial RPO balance is from OpenAI,’ said Microsoft Chief Financial Officer Amy Hood during Wednesday's earnings call. ‘The significant remaining balance grew 28% and reflects ongoing broad customer demand across the portfolio.’”

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

LONG BEACH, Calif., Jan. 29, 2026 (GLOBE NEWSWIRE) -- Rocket Lab Corporation (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today successfully launched its 81st Electron rocket and second launch in eight days to deploy a satellite for an Earth-observation constellation by the Korea Advanced Institute of Science and Technology (KAIST), Korea’s leading university dedicated to science and technology.

‘Bridging The Swarm’ lifted off on January 30th at 2:21 p.m. NZDT (01:21 UTC) from Rocket Lab’s private orbital launch site, Launch Complex 1 in New Zealand, to deploy the NEONSAT-1A satellite to a 540 km low Earth orbit. NEONSAT-1A is an advanced Earth observation satellite that will test the capabilities of the South Korean government’s future constellation of NEONSAT satellites to monitor natural disasters and national security events along the Korean Peninsula. The first satellite of this constellation, NEONSAT-1, was deployed by Rocket Lab in 2024 on a mission called ‘Beginning of The Swarm’.

Rocket Lab founder and CEO, Sir Peter Beck, says: “Two launches in eight days is a strong start to the year that speaks volumes about the demand for Electron and the excellence and dedication of the Rocket Lab team. We cemented our position as the leader in reliable and responsive launch with our record-breaking year of launches in 2025, and these latest launches show we’re gearing up for an even busier launch year in 2026.”

“Bridging The Swarm” was Rocket Lab’s second mission of 2026 and 81st launch overall. Upcoming launches in 2026 include missions for commercial Earth observation, international space agencies, national security, and hypersonic technology development.

Rocket Lab Media Contact
Murielle Baker
[email protected]

About Rocket Lab
About Rocket Lab Rocket Lab is a leading space company that provides launch services, spacecraft, payloads and satellite components serving commercial, government, and national security markets. Rocket Lab’s Electron rocket is the world’s most frequently launched orbital small rocket; its HASTE rocket provides hypersonic test launch capability for the U.S. government and allied nations; and its Neutron launch vehicle in development will unlock medium launch for constellation deployment, national security and exploration missions. Rocket Lab’s spacecraft and satellite components have enabled more than 1,700 missions spanning commercial, defense and national security missions including GPS, constellations, and exploration missions to the Moon, Mars, and Venus. Rocket Lab is a publicly listed company on the Nasdaq stock exchange (RKLB). Learn more at www.rocketlabcorp.com.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our launch and space systems operations, launch schedule and window, safe and repeatable access to space, Neutron development, operational expansion and business strategy, are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “strategy,” “future,” “could,” “would,” “project,” “plan,” “target,” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at  https://investors.rocketlabcorp.com which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

The tech company is coming off a strong quarter, as demand remains robust.

One of the biggest players in the artificial intelligence (AI) market that's benefiting from strong demand for semiconductor chips is Taiwan Semiconductor Manufacturing (TSM 0.80%). The company is the go-to manufacturer for chips, and when there's an influx of demand, its sales take off.

Business has been booming for Taiwan Semiconductor, which is evident in the company's recent quarterly results. The stock has been a hot buy and a top option for AI investors looking to profit from the growth related to next-gen technologies. Recently, however, it hit a new all-time high, and it has now risen by 50% in just the past 12 months; is it too late to invest in the tech company?

Image source: Getty Images.

Taiwan Semiconductor's bottom line rose by 35% last quarter When it comes to contract chip manufacturing, Taiwan Semiconductor is hard to beat due to its lean operations. While its revenue growth rate of 21% may not have looked particularly impressive in its most recent quarter (which ended on Dec. 31, 2025), what stood out was its profit growth -- net income rose by a remarkable 35%. This is also now the eighth straight period in which the company's bottom line has increased on a year-over-year basis.

TSM Profit Margin (Quarterly) data by YCharts

Taiwan Semiconductor's strong and growing profit margins make it a promising business to invest in for the long haul, as rising earnings can make the stock seem less expensive over time.

The stock's market cap may be rising, but its valuation remains attractive At around $1.7 trillion in market cap, Taiwan Semiconductor is among the most valuable companies in the world. But it's always important to take that into context and consider its overall earnings.

And using the price-to-earnings (P/E) multiple can be a helpful way to gauge just that. Taiwan Semiconductor's forward P/E, which is based on analyst estimates for how the business will do in the year ahead, is around 26. That's a bit higher than the forward P/E of 22 that the S&P 500 averages. But for a leading tech company that's in a great position to benefit from AI-related growth, it's arguably not that significant a premium to be paying for Taiwan Semiconductor.

Today's Change

(

-0.80

%) $

-2.75

Current Price

$

339.55

Although the stock hit a new all-time high recently, it may not necessarily be too late to invest. Taiwan Semiconductor can still possess far more upside in the years ahead, with more growth related to AI likely to come.

David Jagielski, CPA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.

Visa Inc. (V) Q1 2026 Earnings Call January 29, 2026 5:00 PM EST

Company Participants

Jennifer Como - Head of Investor Relations
Ryan McInerney - CEO & Director
Christopher Suh - Chief Financial Officer

Conference Call Participants

Daniel Perlin - RBC Capital Markets, Research Division
Darrin Peller - Wolfe Research, LLC
William Nance - Goldman Sachs Group, Inc., Research Division
Adam Frisch - Evercore ISI Institutional Equities, Research Division
Sanjay Sakhrani - Keefe, Bruyette, & Woods, Inc., Research Division
Andrew Jeffrey - William Blair & Company L.L.C., Research Division
Tien-Tsin Huang - JPMorgan Chase & Co, Research Division
Ramsey El-Assal
Dan Dolev - Mizuho Securities USA LLC, Research Division
Harshita Rawat - Bernstein Institutional Services LLC, Research Division

Presentation

Operator

Welcome to the Visa's Fiscal First Quarter 2026 Earnings Conference Call. [Operator Instructions] Today's conference is being recorded. If you have any objections, you may disconnect at this time. I would like to now introduce to your conference -- to your host, Ms. Jennifer Como, Senior Vice President and Global Head of Investor Relations, Ms. Como, you may begin.

Jennifer Como
Head of Investor Relations

Thank you. Good afternoon, everyone, and welcome to Visa's Fiscal First Quarter 2026 Earnings Call. Joining us today are Ryan McInerney, Visa's Chief Executive Officer; and Chris Suh, Visa's Chief Financial Officer. This call is being webcast on the Investor Relations section of our website at investor.visa.com. A replay will be archived on our site for 30 days. A slide deck containing financial and statistical highlights has been posted on our IR website.

Let me also remind you that this presentation includes forward-looking statements. These statements are not guarantees of future performance and our actual results outcomes or timing could differ materially as a result of many factors. Additional information concerning those factors is available in our most recent annual report on Form 10-K and any

New York, New York--(Newsfile Corp. - January 29, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Tandem Diabetes Care, Inc. (NASDAQ: TNDM) resulting from allegations that Tandem Diabetes Care may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Tandem Diabetes securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=19024 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

WHAT IS THIS ABOUT: On August 7, 2025, before the market opened, the company issued a press release entitled "Tandem Diabetes Care Issues Voluntary Medical Device Correction for Select t:slim X2 Insulin Pumps." The release stated that Tandem Diabetes had "announced a voluntary medical device correction for select t:slim X2 insulin pumps to address a potential speaker-related issue that can trigger an error resulting in a discontinuation of insulin delivery."

On this news, Tandem Diabetes' stock fell 19.9% on August 7, 2025.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282157

Source: The Rosen Law Firm PA

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Netflix reported earnings and results were solid, but guidance left investors wanting more.

In this podcast, Motley Fool contributors Travis Hoium, Lou Whiteman, and Rachel Warren discuss:

Netflix earnings. Netflix going all-cash for Warner Bros. Discovery. Bond markets in turmoil. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center . When you're ready to invest, check out this top 10 list of stocks to buy .

A full transcript is below.

This podcast was recorded on Jan. 21, 2026.

Travis Hoium: Netflix reported earnings last night, and the stock is down today. What's going on? Motley Fool Money starts now. Welcome to Motley Fool Money. I'm Travis Hoium joined by Rachel Warren and Lou Whiteman. The big news over the last 24 hours has been Netflix. They reported earnings yesterday. The numbers looked pretty good, but the stock's down about 3% as we're recording, it was down about 5% to the open. But, Rachel, what did you see from the results from Netflix?

Rachel Warren: Despite the market's response, I would say it was a pretty good report for the company, and I want to talk about a few of these numbers and metrics. Netflix, their Q4 revenue was just a little over 12 billion. That was actually up about 18% from one year ago. Earnings per share of $0.56. Now, both were slightly above what Wall Street had been projecting. The main driver of the stock drop that we saw post earnings had to do with management's forecast for slower revenue growth in 2026. They're looking for anywhere between 12-14% growth compared to 16% in 2025. They also guided for lower than expected Q1 profit expectations. Now, I think it's important to remember, Netflix is performing pretty strongly as a mature business. This is a much more mature company than even five, six years ago. They are really navigating a period of significant transition, and I think that's feeding a lot into investor uncertainty. They reached a massive milestone of about 325 million global paid memberships last year. They added about 23 million subscribers over the course of 2025. Ad business is growing significantly. They're aggressively moving into live sports and events. Of course, there's that high stakes all cash bidding war to acquire Warner Brothers. I think, again, this is the undisputed leader in streaming. They've got that humming core engine. They're trading some short term profit comfort for a bet on long-term dominance, and that's something investors need to watch.

Lou Whiteman: But that's the thing like Rachel said, it is maturing business, and we're just going to have to get used to that this whole last six month or year of Netflix hasn't been about Netflix is falling apart or the sky is falling. It's about management recognizing that they're at a new stage in their existence and reacting. Look, they're going to spend more on content. This year. 10% content increase over 18 billion this year. Content is not cheap. That's partially why they are looking to acquire more of it. They are doing a big deal there's going to be costs with that. They need to raise cash. They're pausing buybacks. They are everything they're doing is rational, and if you are a long-term Netflix holder, you should be relatively at least, with their guidance being conservative and what they're doing. But again, when someone tells you who they are, believe them. What Netflix is doing is telling you that the hypergrowth Rah Rah days are over, and we need to navigate the world as a mature company.

Travis Hoium: How do you think about that transition Lou? Because I think that is probably the right way to think about Netflix. We've been talking on some of these shows about YouTube is actually taking share in view time on TVs. Netflix, not necessarily in the super strong position that they were in a decade ago when they were a very clear leader and streaming but it's still a pretty expensive stock. I'll just go through some of the numbers here. The five year compound annual growth rate is 12.6%. That's a solid growth rate, but it's not something that you would typically see trading for a really high multiple. But yet, the enterprise value to sales is nine. The price to earnings multiple is 35. Lou, are we in a period here where you're transitioning from being this hot upstart, this high growth company? The world is your oyster, too conquered the world, and now you're in extraction mode, and maybe the shareholder base even shifts over that period of time to people who are looking at what's the return on investment? What's the capital spend? All the boring stuff that we talked about with older companies.

Lou Whiteman: I think that's exactly it. But real quick on YouTube, YouTube is doing great, but this is not a winner take all game. I think that's more for pundans for people like us to look at who's winning, who's losing. There is plenty of room in my head, at least, for Netflix to win and others to win. I can't imagine that this turns into that. I think Netflix is very fine. The problem is is that for years, Netflix was great and fine is a downgrade, and so I think we're going through this in real time, and we have a very disruptive corporate action that we'll talk about later in the middle of it all. But, look, I would love to strip out all of the MNA talk and all of that and just look at this quarter. The quarter is both really good, and not as great as it was before. Again, I think that that is the important takeaway here strip out maybe three, four, five years down the line, they will, through corporate actions have found growth Mojo, or I think it's more about sustaining what they have. But look, it just as you say, when you have all the customers in the world, there are only so many levers you can pull. I would note they say ad sales are going to double in 2026, and it was at 1.5 billion in 2025, so that's good. That is a lever they still have to pull. This business is healthy. This business is fine. This is not a business that's going to triple in the next two years or three years, though, and for so long, Netflix has just been eating everyone's lunch. I do think there's an adjustment.

Travis Hoium: Rachel, the one number that jumps out when you look at their forecast is you're looking at a year over year revenue growth rate going to 15.3%. That's their guidance. This most recent reported quarter was 17.6, then it was 17.2, so your growth rate is coming down, and that's, I think the worry. Is that something that we should be worried about as investors?

Rachel Warren: I really think that a lot of that goes back to just the maturity of the business, and you have to look at how a lot of the levers for growth for Netflix have really evolved over the last few years, as well. That ad business, of course, is growing rapidly. As Lou mentioned. It's also worth noting that ad revenue in 2025 was about 2.5 times more than in 2024, so it's a different lever for growth than we've seen for the business in the past. This is a more mature company than we knew several years ago. But I think that if you are a long-term shareholder, this business. This is a quality company. They're a leader in their respective space. They continue to be very well financially fortified, and I think that that is something that can give us a lot of confidence in where the business is going as they evolve into their next growth story.

Travis Hoium: This is not the only thing happening at Netflix. We've alluded to the acquisition of Warner Brothers discovery. We're going to discuss that next. You're listening to Motley Fool Money.

Welcome back to Motley Fool Money. The other big news from Netflix is they changed their Warner Brothers discovery bid to all cash. This is something I think we've talked about on the show that this was an option that they were eyeing, especially because the stock portion of their offer went down in value as Netflix stock went down in value, and Paramount came in and said, hey, we're offering all cash. That's a better deal, isn't it? Rachel, what do we know about this right now? It looks like it's going to be about $83 billion, which Netflix is a big company, but that's a lot of money to pay for Warner Brothers discovery, and it's going to require a lot of debt, too.

Rachel Warren: You're absolutely right on that. They've officially amended their bid for Warner Brothers Discovery to an all cash offer of 2775 per share, so it values the transaction at about 72 billion or about 83 billion, including debt, which is notable. This is very much a strategic shift to lock in a deal with Warner Brothers Discovery's board, which really unanimously supports the offer.. As you noted, that all cash structure, removes the volatility of Netflix's stock price from equation, it provides shareholders of Warner Brothers with immediate predictable value. Now, the deal, of course, is designed to give Netflix ownership of an incredible content library, ranging from HBO Max to Harry Potter, Game of Thrones, and so forth. It's also worth remembering, Warner Brothers Discovery Board members, they have rejected the paramount offer. They viewed it as a much riskier leveraged buyout. The Netflix deal, I think, is broadly viewed as a better capitalized one. It's got a much lower leverage ratio of under four. It's I think important to also highlight that all cash bid requires Netflix to increase its bridge loans from about 34 billion to about 42 billion, so it does add significant debt to its balance sheet. If the deal were to be blocked by regulators, which is a question, as it always is, Netflix could be liable for a $5.8 billion breakup fee. Those are some of the key figures there. I do think that shift to an all cash deal, it's a bold move. It prioritizes their securement of the acquisition. I think the risk is something of a trade off there might be some short-term financial pressure, but the idea is this is going to consolidate Netflix as market power, help them achieve their long-term content goals. I still think the acquisition is good news for the business, but investors should be aware of exactly what it entails.

Travis Hoium: Debt is not new to Netflix. They actually had $15.8 billion in debt at the end of 2020, but that's actually been coming down, and that debt was used to buy content and build their moat around their business. This is very different. This is a really significant amount of debt. Is it something to be worried about?

Lou Whiteman: But not really. Look, they're using debt to acquire content here just within different and you can say it's more of a sure bet, or you can say it's older. It's not innovative. But here, Rachel mentioned there's so much hemming and hawing about this debt. I'm not here to be too Pollyanna. But look, this is how deals happen Bridge loans going up. Big deal. The whole point of a bridge loan is it's temporary, and the risk in a bridge loan is, you pay it down quick? They have already worked out how to structure long term finance from most of the original bridge loan. I'll note, they were going to issue stock. They can very easily now just sell stock to raise cash. I think there's a real naive about the debt. No, they're taking on debt. I think that they can handle it. But yes, it does make this a different company. Again, this is part of our discussion before is that Netflix is no longer this nimble upstart. It will impact them. It will have to manage cash, but they generate a lot of cash, and they have a lot of levers to pull to raise cash. Like I said, implicit in the original deal was the shareholder, the number of shares was going to go up. A secondary right here makes all the sense in the world. They might want to time it right. Don't worry about bridge loans, worry about long-term financing. I'll come together. They can handle it. It does give them less flexibility. Yes, that's what debt does. But you're less flexible if you get a mortgage.

Travis Hoium: Lou, one of the things that I always think about with some of these deals is we can only analyze them based on what we know today, and what we don't know is what management is talking about is what Netflix's business looks like in the future. It seems like it's very possible that they close this deal, and within a year or two after that, suddenly, we see tears within Netflix. I think I'm paying something like $20 a month for Netflix. Now if I want to add the HBO content, and I want to have Gim of Thrones and all that library, maybe that goes to $30 a month or maybe it's even $40 a month. Is that another lever that they can pull? Because it does seem like we talked about, they've gotten now 325 million subscribers worldwide. That's not an easy lever to pull to increase that number at this point. The price lever is easier to pull, and if you pull Warner Brothers Discovery's content into your library, now suddenly you have a little bit more power. There's really only Disney that has that content library, and now you're playing a two man game. Is that a way to think about it? Is that the unknowns are really financial upside just through pricing?

Lou Whiteman: I think I think what you demonstrated, none of us know what they're going to do. But yes, there is a lot of optionality whether it's going to be tears or tears that's what we'll have to see. But, look arguably, HBO does have a reputation as a premium brand that you could charge extra for. I don't know if Disney has that, even. I do think that Well.

Travis Hoium: ESPN would be the sell.

Lou Whiteman: But not in entertainment, so there are unique assets. The answer to your question is, none of us know, but it points out the fact that we are judging this deal based on the Netflix of the last few years and how they have operated. We are not really thinking about their optionality to the future, and I've said this before, but I will as a shareholder, I will trust this particular management team to have a plan and figure it out more so than I would almost any other management team in this industry, so I don't think we should be too Pollyanna. This changes the company, but, again, I think they're saying who they are and whether they need to go. I do think this management team has earned some benefit of the doubt here.

Rachel Warren: I will say, I do think that this acquisition, as well, is going to be really important for their growth story moving forward this is an exceptional and storied library of content that they acquire should this Warner Brothers Discovery acquisition go through. I think that that could also provide a lot of the growth that investors have come to miss from the business over the last few years, particularly as they got used to that growth story during the pandemic era. Obviously, Netflix's internal content generation machine is exceptional, but they have historically also relied on acquisitions to drive that growth. I think acquiring a library of this kind could be really integral to that, so I think that's something for investors to really watch closely.

Travis Hoium: Definitely something that we're going to keep an eye on, and with the stack dropping, I'm not a shareholder, but I'm getting more intrigued by the day. When we come back, we're going to talk about some macro news. You're listening to Motley Fool Money.

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Travis Hoium: Welcome back to Motley Fool Money. There's a lot going on in markets, but one thing that has caught our eye is interest rates, not only in the US, but also in Japan and they're moving higher Lou. What does that mean for investors?

Lou Whiteman: We shall say, what it means, and so much is made of the Fed. Especially in this last year, the way the president has been badgering the Fed, we are seeing the limits of what the Fed can do and what short-term interest rate policy can do. We've been saying this for a while, but we're seeing it now play out in real time.

Travis Hoium: Can you explain that? The Fed does not set the ten year rate or they set overnight rates, so it's a very short term.

Lou Whiteman: Theoretically, everything should move together as this goes, but real world is not theoretical. I think it's interesting. If you just look at the last few days, what has happened with long term rates, it has basically reversed about $400 billion in mortgage buying that tried to bring the mortgage rate down in an election year. It's just to show you that I keep saying this. I'm an equity investor, not a bond investor, so I say this very humbly. Bond market is smarter than the equity market, or at least it's more forward looking. By default, you have to be. There are so many fewer variables. You're just looking at long term trends. Right now, whether it's the US, whether it's Japan, we are looking at a uncertain macro environment. We are looking at a lot of concerns about deficits all over the world. That's what's going on in Japan, what's going on here, and the market is coming to the conclusion that it is unlikely that long-term rates are going to be as low as they are now, and so it's keeping rates higher. Does that affect equities? On a long enough scale, yes. On a long enough scale, it's got to because we are talking about all of these macro issues and all of these factors that do go into equity prices. But in the near term, I don't know if it necessarily I can't trade equities based on this, because I think that again, this is just one small part of the puzzle, and we should pay attention to it. We should be aware of what it's telling us, but I don't think it signals. It's not a chicken little signal.

Rachel Warren: Going back to those Japanese government bonds, the 40-year yields breached 4% for the first time in over three decades, and this is broadly because the Bank of Japan is tapering its bond purchases. There's concerns over a massive new stimulus package worth about 21.3 trillion yen. It's worth noting Japan remains the largest foreign holder of US treasuries, both in the US and Japan. There's been some concerns about unbridled debt issuance that could cause investors to demand higher yields to hold government debt. We're also in a time where trade disputes are raising concerns about inflationary pressures. We're seeing European investors increasingly viewing their own bonds as an alternative to US treasuries. Foreign holdings of US treasuries reached an all time high as of the end of 2025. Although we've started to see a bit of a shift in sentiment recently, I think it remains to be seen whether that's a long term curve or not. Equities, particularly in the tech sector, they've been under pressure lately. There's been, of course, the risk free rate on bonds is becoming more attractive. There's been fears intensifying about valuations. I think foreign investors as well, have continued to heavily invest in US equities. There's been a lot of interest in AI related growth, high corporate earnings, so I think, as always, as investors, and I say this is someone that is not a bond investor, an equity investor. Need to keep focusing on companies with really strong balance sheets, stable cash flows, robust business models. Those are the companies that can offer resilience during periods of economic uncertainty, and I think that we are in a period of economic uncertainty. I don't think that's going to stop anytime soon. Higher bond yields can translate to higher borrowing costs across the economy. Businesses and households can face more expensive financing. Those are all very real factors there. But for us as investors, avoiding impulsive decisions based purely on short-term market movements is really key for maintaining those long term financial goals that we strive for.

Travis Hoium: The bond market will be interesting to watch over the next few months and year or two because it does seem like that risk balance is shifting. You have both said, we are stock investors, not necessarily something we keep an eye on a day to day basis, but something to be aware of. As always, people on the program may have interest in the stocks they talk about, and the Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear. All personal finance content follows the Motley Fools editorial standards and is not approved by advertisers. Advertisements are sponsored tatent and provided for informational purposes only. To see our full advertising disclosure, please check out our show notes. For Lou Whiteman, Rachel Warren and Dan Boyd behind the glass, I'm Travis Hoium. Thanks for listening to Motley Fool Money. We'll see you here tomorrow.

New York, New York--(Newsfile Corp. - January 29, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of DeFi Technologies, Inc. (NASDAQ: DEFT) between May 12, 2025 and November 14, 2025, both dates inclusive (the "Class Period"), of the important January 30, 2026 lead plaintiff deadline.

SO WHAT: If you purchased DeFi Technologies securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the DeFi Technologies class action, go to https://rosenlegal.com/submit-form/?case_id=48771 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 30, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) DeFi Technologies was facing delays in executing its DeFi arbitrage strategy, which at all relevant times was a key revenue driver for DeFi Technologies; (2) DeFi Technologies had understated the extent of competition it faced from other digital asset treasury ("DAT") companies and the extent to which that competition would negatively impact its ability to execute its DeFi arbitrage strategy; (3) as a result of the foregoing issues, DeFi Technologies was unlikely to meet its previously issued revenue guidance for the fiscal year 2025; (4) accordingly, defendants had downplayed the true scope and severity of the negative impact that the foregoing issues were having on DeFi Technologies' business and financial results; and (5) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the DeFi Technologies class action, go to https://rosenlegal.com/submit-form/?case_id=48771 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282159

Source: The Rosen Law Firm PA

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New York, New York--(Newsfile Corp. - January 29, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Klarna Group plc (NYSE: KLAR) pursuant and/or traceable to the registration statement and related prospectus (collectively, the "Registration Statement") issued in connection with Klarna's September 2025 initial public offering (the "IPO"), of the important February 20, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased Klarna securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Klarna class action, go to https://rosenlegal.com/submit-form/?case_id=48971 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 20, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, the Registration Statement contained false and/or misleading statements and/or failed to disclose that: (1) Defendants materially understated the risk that Klarna's loss reserves would materially go up within a few months of the IPO, which they either knew of or should have known of given the risk profile of many individuals agreeing to Klarna's buy now, pay later ("BNPL") loans; and (2); as a result, defendants' public statements were materially false and misleading at all relevant times and negligently prepared. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Klarna class action, go to https://rosenlegal.com/submit-form/?case_id=48971 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282125

Source: The Rosen Law Firm PA

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MaxLinear, Inc. (MXL) Q4 2025 Earnings Call January 29, 2026 4:30 PM EST

Company Participants

Leslie Green - Investor Relations Contact Officer
Kishore Seendripu - Co-Founder, Chairman, CEO & President
Steven Litchfield - CFO & Chief Corporate Strategy Officer

Conference Call Participants

Tore Svanberg - Stifel, Nicolaus & Company, Incorporated, Research Division
David Williams - The Benchmark Company, LLC, Research Division
Ross Seymore - Deutsche Bank AG, Research Division
Timothy Savageaux - Northland Capital Markets, Research Division
Samuel Feldman - BNP Paribas, Research Division
Christopher Rolland - Susquehanna Financial Group, LLLP, Research Division
Quinn Bolton - Needham & Company, LLC, Research Division
Alek Valero - Loop Capital Markets LLC, Research Division

Presentation

Operator

Greetings, and welcome to the MaxLinear Fourth Quarter 2025 Earnings Call. [Operator Instructions] Please note that this conference is being recorded. I will now turn the conference over to our host, Leslie Green, Investor Relations. Thank you. You may begin.

Leslie Green
Investor Relations Contact Officer

Thank you, Diego. Good afternoon, everyone, and thank you for joining us on today's conference call to discuss MaxLinear's fourth quarter 2025 financial results. Today's call is being hosted by Dr. Kishore Seendripu, CEO; and Steve Litchfield, Chief Financial Officer and Chief Corporate Strategy Officer. After our prepared comments, we will take your questions.

Our comments today include forward-looking statements within the meaning of applicable securities laws, including statements relating to our guidance for the first quarter of 2026, including revenue, GAAP and non-GAAP gross margin, GAAP and non-GAAP operating expenses, GAAP and non-GAAP interest and other expense, GAAP and non-GAAP income taxes and basic and diluted share count.

In addition, we will make forward-looking statements relating to trends, opportunities, execution of our business plan and potential growth and uncertainties in various product and geographic markets, including, without limitation, statements concerning future financial and operating results, opportunities for revenue and market share across our target

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

New York, New York--(Newsfile Corp. - January 29, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Coupang, Inc. (NYSE: CPNG) between August 6, 2025 and December 16, 2025, both dates inclusive (the "Class Period"), of the important February 17, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased Coupang securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Coupang class action, go to https://rosenlegal.com/submit-form/?case_id=8383 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 17, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Coupang had inadequate cybersecurity protocols that allowed a former employee to access sensitive customer information for nearly six months without being detected; (2) this subjected Coupang to a materially heightened risk of regulatory and legal scrutiny; (3) When defendants became aware that Coupang had been subjected to this data breach, they did not report it in a current report filing (to be filed with the U.S. Securities and Exchange Commission (the "SEC")) in compliance with applicable reporting rules; and (4) as a result, defendants' public statements were materially false and/or misleading at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Coupang class action, go to https://rosenlegal.com/submit-form/?case_id=8383 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282111

Source: The Rosen Law Firm PA

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Visa entered fiscal 2026 with ample evidence that credentials, and not just cards, now anchor its global payments architecture.

Management commentary spanned agentic commerce, stablecoins, as well as in B2B and P2P money movement, and CEO Ryan McInerney said during the Thursday (Jan. 29) conference call with analysts that “the core of our consumer payments business is the Visa credential … It’s the connection point to the Visa network.”

The fiscal first quarter reflected that shift. Net revenue rose 15% year over year to $10.9 billion, while payments volume climbed 8% in constant dollars to nearly $4 trillion, according to earnings material.

McInerney emphasized that credentials now totaled more than 5 billion worldwide.

Tap-to-pay penetration surpassed 80% of face-to-face transactions globally, with U.S. usage nearing 70%. Visa Flex credentials, which allow multiple funding sources from a single credential, reached about 20 million credentials, with more than 20 additional issuers expected this year. Tokens, which replace traditional card numbers in digital commerce, climbed to more than 17.5 billion globally, more than triple the number of physical cards.

McInerney said Visa has cut guest checkout from 44% of eCommerce transactions in 2019 to about 16% today, and to under 4% among its top 25 sellers. “At our top 25 sellers, 96% of transactions now require only a simple click or biometric authentication,” he noted.

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Agentic Commerce Details In discussing agentic commerce, the CEO stated that the company’s Visa Intelligent Commerce platform uses tokens as the foundation for agentic payments, with more than 100 partners engaged and over 30 actively building in Visa’s sandbox.

“We believe that we are well positioned to be the infrastructure provider and key enabler in agentic commerce so that every agent interaction is trusted and secure,” McInerney said.

Visa Direct, B2B and Stablecoin Settlement Gain Traction Money movement beyond consumer cards also accelerated.

Visa Direct transactions rose 23% year over year to 3.7 billion, supporting both domestic and cross-border flows. Commercial and Money Movement Solutions revenue grew 20% in constant dollars, supported by 10% commercial payments volume growth.

Visa also continued to test stablecoin use cases, reporting an annualized settlement run rate of $4.6 billion. McInerney positioned stablecoins primarily as a tool for cross-border payments, disbursements and markets with currency volatility, rather than everyday consumer spending in developed economies.

Core Card Spending Holds Firm CFO Chris Suh said Visa started fiscal 2026 with “a very strong” quarter, supported by holiday spending and steady execution across consumer payments, commercial solutions and value-added services.

In constant dollars, global payment volume rose 8% and cross-border volume, excluding intra-Europe, increased 11%. Total processed transactions grew 9%.

In the United States, payment volume climbed 7%, with credit up 7% and debit up 6%. eCommerce continued to grow faster than face-to-face spending, reflecting sustained momentum in digital channels.

Consumer behavior during the quarter suggested steadiness rather than strain. Suh said growth remained consistent across spend bands, noting that Visa “did not see a deterioration in the lower spend band,” while higher-spending consumers continued to grow the fastest. Taken together, Suh characterized the picture as one of “resilience in consumer spending,” spanning both discretionary and non-discretionary categories.

Internationally, cross-border eCommerce rose 12% and travel-related volume increased 10%. Value-added services revenue surged 28% to $3.2 billion, representing roughly half of Visa’s total revenue growth for the quarter.

Comments on Card Legislation On Capitol Hill, Visa remains focused on the Credit Card Competition Act.

McInerney said the company is actively briefing lawmakers on the potential consequences. “It’s very harmful, and it’s just simply not needed,” he said in response to questions on the call, arguing that the payments market already faces intense competition from wallets, BNPL providers, crypto and account-to-account options.

He warned that the bill would lead to reduced access to credit, elimination of rewards, fewer card choices, weaker security protections and slower innovation.

Management guided to full year revenue growth it the low double digits. Shares were down 1.4% in after hours trading.

For all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter.

Fidelity just dropped a bomb. The financial giant launched RLUSD on January 29, 2026, creating a new stablecoin that’s gunning straight for Tether’s USDT crown on Ethereum’s blockchain.

Tom Jessop, president of Fidelity Digital Assets, picked Ethereum over building their own blockchain for a pretty clear reason. “Ethereum’s established infrastructure and broad developer support made this the obvious choice,” Jessop said in the press release. The move puts Fidelity squarely in competition with USDT, which has dominated the stablecoin market for years now. RLUSD gets backed by high-quality liquid assets, and Fidelity announced this backing on January 28 to calm investor nerves about stability. The company wants institutional investors who’ve been scared off by crypto volatility.

But there’s a catch.

RLUSD can’t launch fully until the SEC gives its blessing. Fidelity’s waiting on regulatory approval that could make or break the stablecoin’s market entry. Without that green light, adoption plans hit a wall fast.

Meanwhile, Ripple’s Brad Garlinghouse keeps pushing XRP despite all the regulatory mess swirling around. He hammered home on January 25 that clearer guidelines would help Ripple form more partnerships like the big one they just landed in Asia. “Regulatory clarity remains crucial for XRP’s future expansion,” Garlinghouse said during the announcement. The partnership with a major Asian bank, revealed earlier this month, aims to integrate XRP into cross-border payment systems. That bank plans to roll out XRP-based transactions in Q2 2026, which could boost XRP liquidity in the region pretty significantly.

Ripple’s not backing down from their XRP strategy. The company keeps chasing strategic partnerships even with regulatory pressure breathing down their necks.

Shiba Inu traders are getting excited about a potential 10% price jump. Whale activity on January 27 saw someone move over 1 trillion SHIB tokens, and that kind of movement usually means volatility’s coming. Large transactions like that often signal big price moves ahead, and SHIB’s community-driven approach keeps feeding into market momentum. A Change.org petition from January 26 calling for more major exchange listings already gathered thousands of signatures, showing the grassroots support that drives SHIB’s market performance.

The stablecoin market’s heating up fast. Fidelity’s RLUSD enters a space where USDT has been king for years, but competition could shake things up. Ethereum’s network gives RLUSD a solid platform with proven efficiency and security features that institutional players trust.

And Fidelity’s timing isn’t random – they’re making this move when the stablecoin market faces intense scrutiny from regulators. The company sees an opening to grab market share while offering something different from existing options. Their focus on high-quality backing assets aims to differentiate RLUSD from competitors and attract institutional money that’s been sitting on the sidelines.

SHIB’s volatility keeps traders hooked. The cryptocurrency’s engaged investor base watches every price movement, and the prospect of a 10% rise has people paying attention. Recent whale activity suggests major investors are positioning themselves for potential gains, which could trigger the price movement analysts are predicting.

Fidelity’s expansion into stablecoins marks a bigger institutional shift toward digital assets. The company’s betting that blockchain technology has long-term staying power, and RLUSD represents their commitment to that vision. Other financial institutions are probably watching to see how this plays out before making their own moves into crypto.

Ripple’s Asian bank partnership could change XRP’s regional presence. Cross-border payments remain XRP’s strongest use case, and integrating with established financial institutions gives the digital asset more legitimacy. The partnership shows Ripple’s strategy of working within existing financial systems rather than trying to replace them entirely.

The SEC’s approval timeline for RLUSD remains unclear, but January 29 marked the official launch date pending regulatory clearance. Fidelity needs that approval to integrate RLUSD fully into their digital asset infrastructure and start attracting institutional users who demand regulatory compliance.

The stablecoin battleground extends far beyond just Fidelity and Tether. Circle’s USDC holds roughly $32 billion in market cap compared to USDT’s $120 billion dominance, while newer entrants like PayPal’s PYUSD and Binance’s BUSD compete for institutional adoption. Major banks including JPMorgan Chase have been quietly developing their own digital dollar solutions, with JPM Coin already processing over $1 billion in daily transactions for corporate clients. Goldman Sachs announced in December 2025 that they’re exploring stablecoin issuance, signaling that traditional finance giants see this space as critical infrastructure rather than experimental technology.

Regulatory pressure on stablecoins intensified after the Treasury Department’s October 2025 report recommended stricter reserve requirements and monthly audits for all USD-backed tokens. The European Union’s Markets in Crypto-Assets regulation, which took effect in late 2025, requires stablecoin issuers to hold reserves in European banks and limits individual holdings to €5,000 unless users pass enhanced verification. Fidelity’s RLUSD launch timing coincides with these tightening regulations, potentially giving them first-mover advantage among compliant institutional-grade stablecoins. Several crypto exchanges, including Coinbase and Kraken, have already committed to listing RLUSD upon SEC approval, with combined trading volumes exceeding $2 billion daily across their platforms.

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Solana is rapidly positioning itself as a core hub for tokenized finance following WisdomTree’s deployment of fund infrastructure on the blockchain. The move reflects growing confidence among traditional asset managers in SOL’s ability to support large-scale, regulated financial products with the speed and cost efficiency required by modern capital markets. 

How Traditional Asset Managers Expand On-Chain Operations WisdomTree’s deployment of $159 billion in fund infrastructure on Solana marks a turning point for how regulated money moves. A research and news site, Genfinity, revealed on X that regulated money market funds are now settling natively on SOL, which means institutional cash flow assets no longer require traditional banking rails.

One of the clearest signals is the Government money market digital fund, which already holds around $730 million in on-chain assets. Direct minting eliminates synthetic exposure with real Treasury-backed settlement. This allows retail investors to access institutional-grade financial products with blockchain speed and low costs. 

The multi-chain deployment is proof that financial institutions prioritize performance over narrative. Currently, SOL is processing the same regulated funds that previously required correspondent banks and a 3-day settlement. The gap between on-chain infrastructure and traditional finance products has just collapsed.

An industry-leading commentary on the global capital markets, The Kobeissi Letter, reported that Coinbase has announced it is integrating with Jupiter Exchange directly into its on-chain trading stack. With this move, millions of Solana-based tokens can now be traded on Coinbase for the first time, all through Jupiter on-chain liquidity.

Instead of relying on the slow manual process of listing assets on a centralized order book, Coinbase is currently using on-chain infrastructure to provide instant access to Solana-native markets. Under the new integration, users can deploy existing Coinbase balances and payment methods to trade tokens from a self-custodial wallet. “Even the centralized exchanges are moving on-chain,” The Kobeissi Letter noted.

Why Liquidity Grabs Often Precede Reversals According to Larskooistra, the local context on Solana is fairly conducive to building a structure. The Price has already completed a Model 2 accumulation schematic, and grabbed all buy-side liquidity while taking the range high and broke market structure back to bearish, creating a supply in the process.

From a higher-timeframe perspective, this gives a bearish context on BTC whenever accumulation models complete themselves and break the market structure, and then turn back to bearish afterwards, which shows a full reversal towards the lows. Larskooistra expects the equal lows acting as the next liquidity target to be taken out, and is looking for distribution schematics on the current move up.

SOL trading at $122 on the 1D chart | Source: SOLUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com

Bitcoin keeps bleeding. The cryptocurrency sits around $33,000 after crashing from its November peak of $68,000, and gold bug Peter Schiff won’t let anyone forget he called this mess months ago.

Schiff thinks Wall Street got way too cozy with Bitcoin and basically fooled regular investors into believing the hype. The Fed’s rate hikes aren’t helping either – when you can get decent returns on bonds, why gamble on something that swings 20% in a day? Bitcoin’s whole pitch as an inflation hedge looks pretty shaky when traditional markets are getting hammered too. Schiff keeps hammering the same point: Bitcoin doesn’t have real value and mostly serves speculators looking to make quick cash.

Not everyone buys Schiff’s doom talk.

Some analysts still see long-term upside potential in Bitcoin, pointing to growing adoption and tech improvements like the Lightning Network. They’re betting the current pain is temporary and Bitcoin will bounce back stronger. But the market feels jittery right now, and even the institutional players who were cheerleading Bitcoin last year are backing away from bold predictions.

Regulatory uncertainty makes everything worse. The SEC still hasn’t approved a Bitcoin spot ETF, which would give traditional investors easier access to crypto exposure. Without clear rules from Washington, Bitcoin’s path forward stays murky. And it’s not just the U.S. – governments worldwide are taking harder looks at digital assets, with the Bank of England dropping a report on January 23, 2026, that warned about systemic risks from crypto volatility.

JPMorgan analysts jumped into the debate on January 20, 2026, with a note that basically said Bitcoin’s wild price swings might scare off conservative investors for good. They pointed to macroeconomic factors as major drivers of Bitcoin’s recent struggles. The bank’s research team thinks recent economic data could push investor sentiment even lower.

But here’s the weird part. Trading volume is actually up.

Coinbase reported a 15% jump in transactions over the past week, suggesting some investors see the price drop as a buying opportunity. That’s a 20% rise in Bitcoin transactions on Binance compared to last month, according to data from January 23, 2026. So while prices tank, people are still trading like crazy.

Warren Buffett wasn’t impressed when he spoke at a financial conference on January 22, 2026. “Bitcoin is a speculative asset with no intrinsic value,” he said, basically echoing Schiff’s longtime position. Buffett’s comments carry weight with traditional investors who already think crypto is too risky for serious portfolios.

Elon Musk tried to calm nerves with a Twitter post on January 23, 2026: “Volatility is part of the journey. Long-term vision is key.” His tweets used to move Bitcoin markets, but this time the message didn’t really stick. Cathie Wood from ARK Invest pushed back against the pessimism during a podcast on January 22, 2026, calling Bitcoin’s current price level a “strategic entry point” for patient investors. ARK keeps buying the dip, according to Wood.

The February 2026 Fed meeting looms large. Any hints about future rate moves could swing Bitcoin and other risk assets hard in either direction. Traders are watching every Fed official’s comments for clues about monetary policy direction.

Schiff’s criticism cuts deeper than just price predictions. He thinks Bitcoin’s volatility is baked into its DNA and won’t go away no matter how many institutions adopt it. That puts him at odds with crypto advocates who argue infrastructure development and mainstream acceptance will eventually smooth out the wild price swings.

The divide between Bitcoin believers and skeptics keeps growing wider. One side sees a revolutionary technology that’s still finding its footing. The other sees a speculative bubble that’s finally deflating back to reality. With regulatory decisions pending and economic uncertainty rising, Bitcoin’s next move could go either way.

Trading volumes suggest the market isn’t giving up on Bitcoin completely, even as prices struggle. But without clearer regulatory guidelines and more stable macroeconomic conditions, the cryptocurrency faces an uphill battle to regain investor confidence. The SEC’s ETF decision remains a wild card that could shift sentiment quickly in either direction.

The crypto winter extends beyond Bitcoin into the broader digital asset ecosystem. Ethereum dropped 45% from its highs, while smaller altcoins faced even steeper losses. Major crypto lending platforms like BlockFi and Celsius collapsed under the pressure, wiping out billions in investor funds and shaking confidence across the entire sector.

Mining operations are feeling the squeeze too. Several large Bitcoin mining companies shut down facilities as energy costs outweighed rewards from the network. Riot Blockchain and Marathon Digital both reported significant losses in their latest quarterly earnings, with some miners selling their Bitcoin reserves just to cover operational expenses.

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Solana’s current memecoin-driven activity surge appears to be driven by speculative excess on the surface. Yet beneath it lies a real-time stress test of the network’s scalability, fee dynamics, and throughput resilience.

The network’s transaction throughput highlights production-grade scalability rather than episodic performance.

Since 2023, TPS has consistently ranged between roughly 2,000 and 5,000, with the latest reading near 3,200, even during memecoin launch waves.

Source: Token Terminal

Importantly, spikes tied to speculative surges did not trigger lasting degradation. Instead, throughput normalized quickly, signaling resilience under real demand.

Over time, TPS recovered from mid-2024 lows near 2,000 and scaled again into 2025, reflecting ecosystem growth rather than one-off stress events.

This consistency matters. Weekly averages show Solana [SOL] capturing approximately 40% of L1 transaction throughput, second only to the Internet Computer [ICP] at roughly 4,100 TPS.

Source: TokenTerminal

In contrast, peers like TRON [TRX], BNB Chain, and Ethereum [ETH] operate orders of magnitude lower, typically below 150 TPS.

Solana’s edge stems from parallelized execution, low fees, and optimized networking.

As a result, high activity becomes additive, not destabilizing. Low degradation under stress, therefore, confirms production readiness, not laboratory benchmarks in live environments.

The memecoin comeback Memecoin activity on Solana has been accelerating again, with Daily Token Deployments climbing above 40,000, marking an 11-month high.

Importantly, this resurgence aligned with sustained transaction throughput near 3,000–5,000 TPS, even during peak launch periods.

As a result, high-volume token creation does not degrade network performance.

Source: X

Instead, consistent TPS enables rapid launches, frequent trading, and continuous experimentation.

Over recent months, Deployment Counts trended higher alongside stable execution, confirming scalability under real demand.

Moreover, launchpad diversity has expanded rather than concentrated, signaling broad participation. High TPS lowers friction, attracts speculative activity, and reinforces Solana’s role as the preferred execution layer for memecoin cycles.

Speculation converts into revenue, not just volume Speculative activity on Solana has been converting into measurable economic value rather than transient volume.

Over the past 30 days, DEX Volume exceeded $110 billion in the last 30 days, more than double Ethereum’s $47 billion, signaling sustained trading intensity.

Source: DeFiLlama

Echoing this, application revenue followed. Solana generated roughly $145 million in App Revenue over the same window, outpacing peers and validating fee capture.

Source: DeFiLlama

Importantly, this revenue emerged during a memecoin-driven cycle, not a lull. Meanwhile, Hyperliquid [HYPE] and Base trailed meaningfully, despite strong niches.

As activity scales, base and priority fees compound with MEV extraction, reinforcing monetization. Therefore, throughput is not hollow. Usage pays, confirming sustainability at scale.

Final Thoughts Memecoin-driven speculation on Solana doubles as a live stress test, proving the network sustains high throughput without degradation while scaling real usage. Crucially, elevated activity converts into revenue, showing Solana’s throughput advantage translates into durable economic value, not hollow volume.

Gold plunged 7% on US-Iran tensions and recovered within hours. Bitcoin dropped 5% and failed to bounce.Nasdaq fell just 0.7% while Meta surged 10%. Bitcoin captured none of the upside, only the downside.Bitcoin acted neither as safe haven nor risk asset, raising fresh doubts about its role in crises.Bitcoin sold off sharply early Friday Asian time, plunging more than 5% from $89,000 to a low of $83,400 during US daytime trading. Unlike gold and equities, it failed to recover—exposing a troubling identity crisis for the so-called “digital gold.”

The market is re-pricing trust in currencies and institutions, but that trust is flowing to gold vaults, not crypto wallets.

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Same Storm, Different OutcomesThe sell-off was triggered by an escalation in US-Iran tensions after President Trump issued warnings on Truth Social, threatening military strikes unless Tehran agrees to a nuclear deal. Middle Eastern governments are attempting to push both sides into talks, but efforts have failed to gain traction as the US moves more firepower into the region. A looming government shutdown added to the risk-off mood.

Gold responded with extreme volatility, dropping 7% to $5,250 within an hour before staging a dramatic V-shaped recovery. The Kobeissi Letter noted that gold’s market cap swung by $5.5 trillion in a single session—the largest daily swing in history. By early Asian trading on Friday, spot gold had climbed back above $5,400, up around 1%.

This is absolutely insane:

Gold just posted its largest daily swing in market cap in history, at $5.5 TRILLION.

Between 9:30 AM ET and 10:25 AM ET, gold lost -$3.2 trillion in market cap, or -$58 billion PER MINUTE.

Then, between 10:25 AM ET and 4:00 PM ET, gold added back… pic.twitter.com/9BmnY9g6Ap

— The Kobeissi Letter (@KobeissiLetter) January 29, 2026 US equities, meanwhile, showed resilience. The Nasdaq shed just 0.7%, weighed down by Microsoft’s 10% plunge on AI spending concerns. But Meta surged 10% on strong earnings, and the Dow closed slightly positive.

Bitcoin told a different story. It dropped to a low of $83,400 and managed only a tepid bounce to $84,200, far short of gold’s V-shaped recovery or tech’s selective rally.

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The divergence is stark. Gold has risen more than 25% this month alone, nearly doubling since Trump’s second term began a year ago. Silver has almost quadrupled since April’s “liberation day” tariffs, surging from below $30 to over $118 an ounce. Some analysts describe the price moves as parabolic, with all the hallmarks of a speculative mania.

Analysts say the precious metals rally reflects more than short-term stress—it signals eroding confidence in currencies, institutions, and the post-Cold War economic order.

Source: CoinGeckoTrump’s aggressive policies—punitive tariffs, threats against Greenland and Iran, and mounting pressure on the Federal Reserve, including a criminal case against Chair Jerome Powell—have driven investors toward traditional safe havens. The dollar fell to a four-year low against a basket of currencies on Wednesday.

Central banks have been adding to gold reserves as a modest diversification away from US Treasuries. Retail investors are piling in too, drawn by both the safe-haven narrative and simple momentum.

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Structural Weakness UnderneathYet Bitcoin, which shares gold’s theoretical appeal as a hedge against currency debasement, has not joined the buying spree.

The price action exposed vulnerabilities that had been building in crypto markets. Bitcoin spot ETFs have seen persistent outflows throughout January, with total assets declining from a peak of $169 billion in October to around $114 billion—a 32% drop.

Source: CoinglassThe Coinbase Premium Index, which tracks the price gap between Coinbase and global exchanges and serves as a barometer for US institutional interest, has also turned negative. Both indicators point to a waning appetite among institutional buyers who drove much of the 2024-2025 rally.

Retail demand has contracted sharply, according to on-chain data. With both institutional and retail buyers stepping back, rallies struggle to sustain momentum while drawdowns become more violent.

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On the retail side, on-chain data from CryptoQuant shows small transactions between $0 and $10,000 declining steadily, with 30-day demand growth falling from above 10% in October to around -6% now.

With both institutional and retail demand weakening, rallies struggle to sustain momentum while drawdowns become more violent.

Source: CryptoQuantWhat It MeansWednesday’s session offered a real-time stress test. Gold proved it remains the market’s crisis hedge of choice. Tech stocks showed that strong fundamentals can override macro fears. Bitcoin did neither—absorbing the downside of risk assets while missing the upside of safe havens.

For the “digital gold” narrative to regain credibility, Bitcoin will need to demonstrate safe-haven behavior when it matters most. Until then, the label remains more aspiration than reality.

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TL;DR:

Claude AI projects that XRP could reach $25 if the momentum from new ETFs and legal clarity continues. Shiba Inu aims for an 817% return thanks to the maturity of its ecosystem and the implementation of Shibarium. The meme coin PEPE leads high-risk projections with a 2,000% growth potential according to the model. Claude AI’s predictions for 2026 have been released, and the crypto market has reacted. Anthropic’s model has outlined a landscape of massive growth, revealing that a combination of U.S. regulatory clarity and a prolonged bull market could drive key assets to new all-time highs.

This analysis emerges during a period of technical consolidation, where investor sentiment is searching for recovery signals following recent volatility. In this context, artificial intelligence highlights three specific assets that could exceed global market expectations throughout 2026 and 2027.

XRP leads the list with an ambitious projection that places its value at up to $25 by the end of 2026. This 1,200% growth would be supported by institutional interest generated by new spot ETFs and the resolution of its legal conflicts.

The Bullish Potential of Shiba Inu and PEPE According to AI On the other hand, Shiba Inu has ceased to be a simple meme coin to become a robust ecosystem. The AI estimates an 817% return for holders of this token, based on the real-world utility provided by its Layer-2 solution, Shibarium.

Regarding PEPE, Anthropic’s model explores an extremely bullish scenario where the token could skyrocket by 2,000%. This meme coin, which maintains a loyal community, could reach $0.0000987 if it manages to break through its current resistance levels.

Finally, the ecosystem is complemented by new projects like Maxi Doge, which seek to capture the enthusiasm of retail traders. However, eyes remain fixed on large-cap coins that have the backing of advanced predictive analysis.

In summary, to validate these projections, the community must monitor both technical indicators and macroeconomic news. Artificial intelligence suggests that, under the right conditions, the crypto market is ready for an unprecedented phase of expansion.

Bitcoin pulls back to as low as $81,000 as horrendous day continuesThe world's largest cryptocurrency has shed nearly $10,000 over the past 24 hours, now threatening to take out its recent November low just under $81,000. Jan 30, 2026, 2:12 a.m.

Bitcoin's plunge continues (Eva Blue/Unsplash)

What to know: Bitcoin (BTC) continued to quickly decline in the U.S. evening hours on Thursday, the price falling all the way to $81,000.More than $777 million in leveraged crypto long positions were liquidated in the space of one hour.Comments from President Trump caused a surge in Polymarket betting odds on Kevin Warsh becoming the next Fed chair, perhaps disappointing some traders who hoped the more dovish Rick Rieder would be selected.Bitcoin's BTC$88,336.23 price continued to pull back in late Thursday evening U.S. hours, tumbling to as low as $81,000 before bouncing to the current $82,000.

The world's largest cryptocurrency has now lost nearly $10,000 over the past 24 hours of trading. More than $777 million in crypto longs were liquidated over the past hour, with that sum rising to $1.75 billion over the past 24 hours, according to CoinGlass.

STORY CONTINUES BELOW

The broader cryptocurrency market likewise saw prices tank by 7% to 9% over the past 24 hours, with ether ETH$2,961.90 hovering around $2,700, BNB BNB$903.61 around $843, and XRP XRP$1.8885 around $1.74.

Read more: Bitcoin holds $84,000 — for now — but analysts warn of drop to $70,000 if support fails

A CoinDesk analysis suggested that bitcoin's price falling below $85,000 would suggest a further collapse.

At current levels, bitcoin is barely hanging on above its November low, just under $81,000. Beyond that, the next level of support could be the tariff-related April 2025 low of $75,000.

Traders may be reacting to reports that U.S. President Donald Trump will nominate former Federal Reserve Board member Kevin Warsh to replace current Fed Chair Jerome Powell. Trump said late Thursday he would name his nominee on Friday morning, a day after lambasting Powell and the Fed for not choosing to reduce rates.

Polymarket odds on Warsh being the nominee have soared to 87% versus just 37% two hours ago. Prior to the surge in odds for Warsh, BlackRock fixed-income chief Rick Rieder — thought by some to be a more dovish selection — was considered to maybe have the inside track to the nomination.

Warsh was at the White House on Thursday, CNBC reported.

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Pudgy Penguins: A New Blueprint for Tokenized Culture

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Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

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Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

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Circle’s rising correlation with ether and DeFi exposure drives the re-rating, despite valuation and competition concerns.

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Compass Point’s Ed Engel upgraded Circle (CRCL) to Neutral from Sell and cut his price target to $60, arguing the stock now trades more as a proxy for crypto markets than as a standalone fintech.Engel notes that CRCL’s performance is increasingly tied to the ether and broader crypto cycles, with more than 75% of USDC supply used in DeFi or on exchanges, and the stock is still trading at a rich premium.Potential catalysts such as the CLARITY Act and tokenization of U.S. assets could support USDC growth, but Circle faces mounting competition from new stablecoins and bank-issued “deposit coins,” and its revenue may remain closely linked to speculative crypto activity for years.Top Stories

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DIXON, Calif.--(BUSINESS WIRE)--First Northern Community Bancorp (the “Company”, OTCQX: FNRN), holding company for First Northern Bank (“First Northern” or the “Bank”), today reported net income of $21.1 million, or $1.27 per diluted share, for the twelve months ended December 31, 2025, up 5.5% compared to net income of $20.0 million, or $1.19 per diluted share, for the twelve months ended December 31, 2024. Net income for the quarter ended December 31, 2025, was $6.0 million, or $0.36 per dilu.