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Key Takeaways COF shares fell in after-hour trading as Q4 adjusted EPS of $3.86 missed estimates despite strong y/y growth.Capital One's performance was dampened by higher expenses and credit provisions, partly offset by NII gains.COF agreed to buy fintech Brex for $5.15B in a stock-and-cash deal, targeting a mid-2026 close. Shares of Capital One (COF - Free Report) lost 2.9% in after-hour trading following the announcement of worse-than-expected fourth-quarter 2025 results. Adjusted earnings of $3.86 per share missed the Zacks Consensus Estimate of $4.12. However, the bottom line compared favorably with adjusted earnings of $3.09 in the prior-year quarter.

Results were primarily hurt by an increase in expenses and higher provisions. However, an improvement in net interest income (NII) along with higher non-interest income offered support to some extent. Also, higher loan balances were a tailwind.

Results in the reported quarter excluded non-recurring items. After considering these, net income available to common shareholders was $2.06 billion or $3.26 per share compared with $1.02 billion or $2.67 per share in the prior-year quarter.

Adjusted earnings for 2025 of $19.61 per share missed the Zacks Consensus Estimate of $19.82. The bottom line compared favorably with $13.96 in the previous year. Net income available to common shareholders (GAAP basis) was $2.18 billion or $4.03 per share compared with $4.45 billion or $11.59 per share in 2024.

Capital One’s Revenues Improve, Expenses RiseTotal quarterly net revenues were $15.58 billion, jumping 52.9% year over year. The top line beat the Zacks Consensus Estimate of $15.37 billion.

Net revenues in 2025 were $53.43 billion, up 36.6% year over year. Also, the top line beat the Zacks Consensus Estimate of $53.29 billion.

Quarterly NII surged 53.9% from the prior-year quarter to $12.5 billion. NIM expanded 123 basis points (bps) year over year to 8.26%.

Non-interest income of $3.12 billion grew 49% year over year. The rise was driven by higher service charges and other customer-related fees, net discount and interchange fees and other income.

Non-interest expenses were $9.34 billion, up 53.4% year over year. The rise was due to an increase in almost all cost components, with a significant rise in costs related to amortization of intangibles.

The efficiency ratio was 59.95%, up from 59.75% in the prior-year quarter. A rise in the efficiency ratio indicates a deterioration in profitability.

As of Dec. 31, 2025, loans held for investment were $453.6 billion, up 2% from the prior-quarter end. Total deposits were $475.8 billion, up 1% sequentially.

COF’s Credit Quality: A Mixed BagProvision for credit losses was $4.12 billion, a 56.8% rise from the prior-year quarter. Additionally, allowance, as a percentage of reported loans held for investment, was 5.16%, up 20 bps.

However, the net charge-off rate declined 14 bps year over year to 3.45%. Also, the 30-plus-day-performing delinquency rate declined 28 bps to 3.41%.

COF’s Capital Ratios ImproveAs of Dec. 31, 2025, the Tier 1 risk-based capital ratio was 15.3%, up from 14.8% as of Dec 31, 2024. The common equity Tier 1 capital ratio was 14.3%, improving from 13.5%.

Capital One-Brex Acquisition DealConcurrent with the earnings release, Capital One announced that it has agreed to acquire Brex for $5.15 billion in a stock-cum-cash deal. The transaction is expected to be closed in the middle of 2026, subject to the satisfaction of customary closing conditions.

Richard D. Fairbank, founder, chairman, and CEO of Capital One, said, “Since our founding, we set out to build a payments company at the frontier of the technology revolution. Acquiring Brex accelerates this journey, especially in the business payments marketplace. Brex invented the integrated combination of corporate credit cards, spend management software and banking together in a single platform. They have taken the rarest of journeys for a fintech, building a vertically integrated platform from the bottom of the tech stack to the top.”

Pedro Franceschi, the founder and CEO of Brex, stated, “We started Brex in 2017 as a category creator – bringing together financial services and software into one AI-native platform. Now we get to supercharge our next chapter in partnership with the team at Capital One. Together, we’ll maximize founder mode by combining Brex’s payments expertise and spend management software with Capital One’s massive scale, sophisticated underwriting, and compelling brand to accelerate growth and increase the speed at which we can offer better finance solutions to the millions of businesses in the U.S. mainstream economy.”

Our View on Capital OneStrategic expansion efforts, demand for consumer loans, favorable changes in interest rates and steady improvement in the card business position Capital One well for long-term growth. Moreover, the acquisition of Discover Financial has reshaped the landscape of the credit card industry, leading to the formation of a behemoth in the industry. However, elevated expenses and weak asset quality amid a tough macroeconomic backdrop are concerns.

Currently, Capital One carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of COF’s PeerAlly Financial’s (ALLY - Free Report) fourth-quarter 2025 adjusted earnings of $1.09 per share surpassed the Zacks Consensus Estimate of $1.01. The bottom line reflected a 39.7% jump from the year-ago quarter.

Results primarily benefited from a rise in net finance revenues and other revenues. Also, lower provisions and a decline in expenses were tailwinds for ALLY. An increase in loan balances further supported the results to some extent.

An Upcoming Peer ReleaseNavient (NAVI - Free Report) is scheduled to announce fourth-quarter and 2025 results on Jan. 28.

Over the past seven days, the Zacks Consensus Estimate for NAVI’s quarterly earnings has remained unchanged at 31 cents. This implies a 24% rise from the prior-year quarter.

Philadelphia, Pennsylvania--(Newsfile Corp. - January 23, 2026) - National plaintiffs' law firm Berger Montague PC announces that a class action lawsuit has been filed against Coupang, Inc. (NYSE: CPNG) ("Coupang" or the "Company") on behalf of investors who purchased or otherwise acquired Coupang securities during the period of May 7, 2025 through December 16, 2025 (the "Class Period"), inclusive.

Investor Deadline: Investors who purchased Coupang securities during the Class Period may, no later than February 17, 2026, seek to be appointed as a lead plaintiff representative of the class. To learn your rights, CLICK HERE.

According to the lawsuit, defendants made false and/or misleading statements regarding Coupang's cybersecurity. The complaint alleges that Coupang's inadequate cybersecurity protocols allowed a former employee to access sensitive customer information for nearly six months without being detected. As news of this cyber event proliferated, Coupang's CEO resigned, and investors suffered significant losses.

If you are a Coupang investor and would like to learn more about this action, CLICK HERE or please contact Berger Montague: Andrew Abramowitz at [email protected] or (215) 875-3015, or Caitlin Adorni at [email protected] or (267)764-4865.

About Berger Montague
Berger Montague is one of the nation's preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281327

Source: Berger Montague

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TD Cowen upgraded the cybersecurity company to Buy, arguing that fears about AI replacing software are overstated and that billings could outperform in 2026.

Key Takeaways PEP delivers global scale, diversified portfolio, and resilience, amid margin pressures and slowing volumes.COCO dominates the U.S. coconut water segment, driving strong sales, profitability, and brand-focused growth.COCO's share rally and earnings outlook, reflecting investor confidence in its niche leadership and momentum. In the fast-evolving beverage market, PepsiCo Inc. (PEP - Free Report) and The Vita Coco Company Inc. (COCO - Free Report) represent two very different paths to consumer relevance and two vastly different positions on the market share spectrum.

PepsiCo stands as a global beverage heavyweight, commanding meaningful share across carbonated soft drinks, sports drinks and emerging functional categories through its unmatched scale and distribution reach. Vita Coco, in contrast, is a category specialist, built almost entirely around coconut water, where it holds a leading position in the United States and has become synonymous with the segment itself.

This contrast goes beyond size. PepsiCo’s diversified portfolio allows it to spread risk across categories and geographies, while Vita Coco’s focused business model offers purity of brand, agility and deep penetration within a single, health-oriented category. As consumer demand shifts toward hydration, natural ingredients and functional benefits, the competitive question is not just about scale, but about positioning.

This face-off explores how a global beverage titan and a niche category leader compete for relevance, shelf space and growth in an increasingly fragmented drinks landscape.

The Case for PEP StockPepsiCo’s investment case is fundamentally anchored in its scale, category leadership and diversified exposure across the global soft drinks industry. The company holds a significant share of the carbonated soft drink market through Trademark Pepsi while steadily expanding its presence in faster-growing segments, such as zero-sugar, flavored colas, functional hydration and modern soda.

Management continues to report market share gains across carbonated soft drinks in a majority of its top international markets, highlighting the resilience of PepsiCo’s brands even as consumer preferences shift toward healthier and more functional options.

PepsiCo benefits from a broad, well-balanced portfolio that spans price points, consumption occasions and demographics. This diversification reduces reliance on any single category and allows the company to adapt to changing demand patterns. Its emphasis on affordability, permissibility and functionality reflects a pragmatic response to value-conscious consumers, supported by sharper price-pack architecture and expanded presence in away-from-home and digital channels.

However, recent performance highlights a more challenging near-term setup. While revenue growth has remained positive, it has been modest and increasingly reliant on pricing and portfolio mix rather than broad-based volume expansion. Cost pressures from commodities, packaging, labor and tariffs continue to weigh on margins, limiting earnings leverage despite ongoing productivity initiatives. At the same time, demand softness in parts of North America and more cautious consumer spending have constrained a faster recovery in core categories.

The Case for COCO StockVita Coco has a dominant position within the coconut water segment, a fast-growing niche of the broader soft drinks industry. While the company represents a small share of the overall global soft drinks market, it commands a leading share of the U.S. coconut water category, effectively defining the segment itself. In the third quarter of 2025, Vita Coco Coconut Water delivered strong volume and revenue growth across both domestic and international markets, reinforcing its status as the category leader and benefiting from rising consumer demand for natural hydration and functional beverages.

Vita Coco operates a focused, asset-light business model centered on brand strength, disciplined portfolio expansion and targeted innovation. The flagship Vita Coco brand remains the growth engine, supported by selective extensions, such as Vita Coco Treats and functional offerings that broaden usage occasions without diluting brand equity. Marketing and digital engagement play a central role in reaching health-conscious, younger consumers who prioritize clean labels and lifestyle alignment. This focused approach contrasts with diversified beverage peers and allows Vita Coco to move quickly within its core category while maintaining premium positioning.

Vita Coco’s recent performance underscores strong execution. The company posted sharp gains in net sales, profitability and adjusted EBITDA during the quarter, supported by volume growth and pricing. Despite margin pressure from tariffs and input costs, cash generation remains robust, supported by a debt-free balance sheet and disciplined capital deployment. While category concentration increases risk, Vita Coco’s leadership, balance sheet strength and sustained demand trends support a compelling, albeit more narrowly defined, growth-driven investment profile.

Price Performance & Valuation of PEP & COCOIn the past year, shares of PepsiCo have tumbled 3.1% against Vita Coco’s rally of 35.2%. Vita Coco has clearly outperformed PepsiCo in the market. Vita Coco’s strong share-price rally reflects investor confidence in its category leadership, accelerating growth and expanding profitability. In contrast, PepsiCo’s decline signals concerns around slowing volumes, margin pressures and limited near-term upside, highlighting the market’s current preference for focused, high-growth beverage plays.

Image Source: Zacks Investment Research

From a valuation standpoint, PEP currently trades at a lower forward price-to-earnings (P/E) multiple of 16.81X compared with Vita Coco’s 32.73X, making it more attractively priced, driven by its earnings and diversified revenue stream.

Image Source: Zacks Investment Research

How Does Zacks Consensus Estimate Compare for PEP & COCO?PepsiCo’s EPS estimate for 2025 and 2026 has been unchanged in the last 30 days. PEP’s 2025 revenues are projected to increase 1.9% year over year to $93.6 billion, while EPS is expected to decline 0.5% year over year to $8.12.

Image Source: Zacks Investment Research

Vita Coco’s EPS estimates for 2025 and 2026 have been unchanged in the past 30 days. COCO’s 2025 revenues and EPS are expected to increase 18% and 15% year over year to $608.9 million and $1.23 per share, respectively.

Image Source: Zacks Investment Research

PEP vs. COCO: Who Has the Edge?PepsiCo offers scale, stability and a diversified portfolio that provides resilience but limits near-term upside. Slower volume trends, margin pressures and a cautious consumer environment have weighed on performance, positioning the stock more as a defensive holding than a growth play.

Vita Coco, meanwhile, stands out as the clear winner. Strong share returns reflect investor confidence in its category leadership, focused business model and robust earnings growth outlook. Its premium valuation underscores optimism around long-term growth potential, making Vita Coco the more compelling choice for investors seeking momentum and upside. PEP currently carries a Zacks Rank #4 (Sell), while COCO has a Zacks Rank #3 (Hold).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of MSFT either through stock ownership, options, or other derivatives. 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.

Fri, 23/01/2026 - 14:51

Cardano rockets 10,327% in futures volume, but current indicators on the market suggest more to watch out for.

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Cardano has skyrocketed 10,327% in futures volume as the derivatives market faces a quiet reset.

According to CoinGlass data, Cardano futures volume rose 10,327% on the Bitmex crypto exchange in the last 24 hours to $119.67 million.

This comes amid a drop in total volumes across the derivatives market, falling 30% in the last 24 hours, according to CoinGlass data. Cardano's open interest has dropped 2.4% in the past day, reaching $646 million.

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The ADA price was likewise down in this time frame, falling 0.97% to $0.36 and down 8.15% weekly. The current setup hints at a reset as leverage gets flushed out of the market.

The crypto market is largely trading in the red, as gains in equities and a weaker U.S. dollar failed to translate into a sustained rise for crypto after a volatile week.

Most major cryptocurrencies remain down between 7% and 12% over the past week, indicating that sentiment on the crypto market remains fragile.

Cardano four-hour death cross appears Cardano has just completed a death cross, the first such signal in the year 2026. The four-hour MA 50 has fallen below the MA 200, confirming a death cross. The last time such appeared on the four-hour chart was in December 2025.

Momentum indicators are suggesting the likelihood of sideways trading action, with the RSI slightly below 50 on most time frames. If the market recovers, ADA might target the $0.39 level ahead of $0.5 and $0.6. Support is expected at $0.33 if the price drops further.

In other news, total transactions on the Cardano mainnet have surpassed 118,400,990.

Cardano founder Charles Hoskinson, Midnight Foundation President Fahmi Syed, Cardano Foundation CTO Giorgio Zinetti and CEO of Emurgo Phillip Pon are set to participate in a Cardano spotlight panel at the upcoming Consensus 2026 event.

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Digital asset investment firm Grayscale is seeking to add another cryptocurrency exchange-traded fund to its roster — this time tracking Binance-linked coin BNB.

On Friday, the firm filed a registration statement with the U.S. Securities and Exchange Commission for the Grayscale BNB ETF, which it says will "hold 'BNB,' which are digital assets based on an open source cryptographic protocol existing on the BNB Smart Chain, comprising units that constitute the assets underlying the Trust’s Shares."

BNB is the native token of the BNB Chain, a blockchain network closely related to Binance, one of the world's largest crypto exchanges. It is currently the fourth-largest crypto by market capitalization at about $121 billion, according to The Block's price page.

If approved, the Grayscale BNB ETF would have the ticker symbol GBNB and would be listed on the Nasdaq Stock Market LLC. The filing lists Bank of New York Mellon as the transfer agent and Coinbase Custody Trust Company, LLC, as the custodian.

Grayscale is the second firm out of the gate to propose launching a BNB ETF following VanEck in May 2025. The proposal comes amid a surge in crypto ETF launches over the past year, fueled by a more favorable U.S. regulatory and political environment for digital assets. Funds tracking tokens such as Solana, XRP, Dogecoin, Hedera, and Chainlink have already come to market.

For its part, Grayscale has listed ETFs following Chainlink, Dogecoin, XRP, Bitcoin, and Ethereum, among others. As of this week, Grayscale is also looking to debut an ETF convert its existing Near-linked closed-end trust into an ETF.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Cardano (ADA), the 10th-ranked cryptocurrency by market capitalization, has suffered a 43% collapse in trading volume. This massive crash has negatively impacted the price outlook as the coin reversed mild gains to settle at a multiweek low.

Cardano hits multiweek low as RSI flags weak demandCoinMarketCap data shows that Cardano dropped by 43.07% in volume within the last 24 hours as bearish sentiment prevailed on the market. Amid marketwide fluctuations, there was no positive Cardano-specific news to stimulate investors and market participants to hang on.

Cardano was also a victim of risk avoidance, which spread across the broader cryptocurrency market. Even the leading digital asset, Bitcoin, lost its grip on the $90,000 level. The slip has affected the top 10 assets, pushing them into the red zone except Circle (USDC) and Tron (TRX).

However, while the total market cap slipped by 0.98%, Cardano fell by 1.22%. Cardano’s Relative Strength Index (RSI) at 41.64 suggests that ADA is approaching oversold conditions. However, the current low demand for ADA might prevent a rebound for the coin.

Earlier in January, Cardano was able to soar to $0.42 as its volume spiked by 72% when German banking giant DZ Bank added the asset to its platform. DZ Bank, a traditional financial platform, included ADA as part of the product it offers its users, a move celebrated as a win for crypto in the region.

Currently, ADA is fluctuating between a daily range of $0.3558 and $0.3651. As of press time, Cardano exchanges at $0.3596, which is a 0.99% decline in the last 24 hours. If low volume persists, this could cause further slips, resulting in a decline toward the next support at $0.30.

The altcoin appears to lack any bullish catalyst to neutralize the strong sell pressure, which is pushing the price down at the moment.

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Bullish Cardano developments fail to ignite price recoveryInterestingly, the Cardano community had highlighted five developments that were considered bullish for the asset in 2026. These include finalization of CIP for Leios, a new Cardano ETF application, Google Cloud launching a stake pool on testnet and the listing of the "new Cardano" on Coinbase.

Proponents had been optimistic that these could trigger a rally for the coin on the crypto market. So far, these have failed to provide the spark to fire up ADA.

Despite the poor price performance and volume decline, Cardano has managed to retain its top 10 status. It was able to avert exiting the elite club because of a marketwide decline that affected its closest rival, Bitcoin Cash.

HBAR Bears Crowd the Trade: $4.5M Liquidation Risk Above $0.114HBAR shorts risk liquidation if price reclaims key Fibonacci support level.Persistent capital outflows keep Hedera recovery attempts fragile despite derivatives pressure.Break above resistance could trigger short squeeze and momentum reversal.Hedera has struggled to regain momentum after a recent dip, leaving price action range-bound. HBAR attempted to stabilize, but recovery has stalled as holder behavior weighs on sentiment. 

This hesitation could still benefit futures traders, as positioning suggests a sharp move may follow if key levels break.

Hedera Traders Have A Lot To LoseDerivatives data show that short HBAR traders are exposed to meaningful risk if the price rises. The liquidation map indicates the largest cluster of short positions sits near the $0.114 level. A move to that price would trigger approximately $4.5 million in short liquidations, forcing rapid buybacks.

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Current positioning remains skewed toward shorts rather than longs. This imbalance reflects negative sentiment across derivatives markets. Crowded short exposure increases the probability of volatility spikes, especially if the price pushes through resistance and forces traders to exit losing positions quickly.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

HBAR Liquidation Map. Source: CoinglassMacro indicators point to weakening investor participation. The Chaikin Money Flow has trended lower for nearly two weeks, forming consecutive lower lows. CMF tracks capital moving in and out of an asset using price and volume, making it a key demand signal.

The indicator slipping below the zero line confirms net outflows are dominating HBAR. This behavior suggests investors are reducing exposure rather than accumulating. Persistent outflows typically pressure the price and delay recovery attempts unless sentiment shifts decisively.

HBAR CMF. Source: TradingViewHBAR Price Needs To Secure This Critical SupportHBAR trades near $0.108 at the time of writing, hovering around the 23.6% Fibonacci retracement level. This level acts as a critical pivot for trend direction. Securing it as support would improve recovery odds and challenge the prevailing bearish bias.

If outflows continue, HBAR may fail to defend this zone. Under that scenario, price could slip back toward the 2026 low near $0.102. Such a move would extend the downtrend and reinforce bearish momentum across spot and derivatives markets.

HBAR Price Analysis. Source: TradingViewA bullish scenario requires a confirmed reclaim of the 23.6% Fibonacci level. Flipping it into support could lift HBAR toward the 38.2% Fib near $0.112. Clearing the $0.115 resistance would likely trigger short liquidations, invalidate the bearish thesis, and support a broader recovery.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Some analysts believe quantum risk may derail BTC from the 'debasement trade.'

SummaryCompaniesExecutives optimistic on AI despite fears of bubble, job lossesCisco projects completed faster with AI, says its presidentBill Gates says society must prepare for AI disruptionDAVOS, Switzerland, Jan 23 (Reuters) - Biting cold, political tensions and doubts about artificial intelligence did nothing to curb the enthusiasm of business leaders in Davos over technology's ability to create jobs.

Top executives at the World Economic Forum's annual meeting said that while jobs would disappear, new ones would spring up, with two telling Reuters that AI would be used as an excuse by companies which were planning layoffs anyway.

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Flag bearers of AI's trillion-dollar expansion, including chip titan Jensen Huang, said the technology heralded higher pay and more jobs for plumbers, electricians and steelworkers.

"Energy is creating jobs. Chips industry is creating jobs. The infrastructure layer is creating jobs," the Nvidia (NVDA.O), opens new tab CEO told the meeting in the Swiss mountain resort.

"Jobs, jobs, jobs," added Huang.

That optimism contrasted with a potential trade row that had reverberated through Davos until U.S. President Donald Trump struck a deal to call off tariffs and avert a security decoupling with Europe over Greenland.

But scepticism over AI simmered below the surface.

Delegates discussed how chatbots could lead consumers to psychosis and suicide, while labour union leaders questioned the cost of recent technology gains.

"AI is being sold as a productivity tool, which often means doing more with fewer workers," said Christy Hoffman, general secretary of the 20-million-strong UNI Global Union.

TOWARD RETURNSMatthew Prince, CEO of internet security company Cloudflare (NET.N), opens new tab, said during an interview with Reuters in a mountain restaurant above Davos that AI would keep advancing and that scrappy developers could overcome market or funding blips.

Prince, who said he sticks to six-minute chair-lift meetings rather than windowless conference rooms during Davos, warned that AI could become so dominant in the future that small businesses are eviscerated while autonomous agents handle consumers' shopping requests.

In recent years, businesses have griped about how to go beyond ill-fated AI pilots and capitalize on an AI craze started by ChatGPT in 2022.

Rob Thomas, IBM's (IBM.N), opens new tab chief commercial officer, said AI has now reached a stage where there can be a return on investment.

"You can truly start to automate tasks and business processes," he told Reuters.

However, PwC said only one in eight CEOs recently surveyed by the advisory firm believed AI was lowering costs and delivering more elusive revenue. And questions remain about what business model can make up for AI's enormous expenses.

Cathinka Wahlstrom, chief commercial officer at BNY (BK.N), opens new tab, said AI has paid off by shortening the U.S. bank's time to onboard a new client from two days to 10 minutes.

And in the past month and a half, projects that networking company Cisco (CSCO.O), opens new tab had viewed as too tedious to take on -- requiring 19 man-years of work -- were now getting done in a couple of weeks, its President Jeetu Patel said in an interview.

"The way in which we code actually was rethought," said Patel, adding that software developers should embrace AI not just for productivity but to "be relevant" in the long run.

HEADCOUNT FLATRob Goldstein, BlackRock's (BLK.N), opens new tab chief operating officer, told a media roundtable that the world's biggest asset manager had secured nearly $700 billion in net new client assets last year, viewing AI as a means to business expansion rather than to workforce reductions.

"We're very focused on keeping our headcount flat as we continue to grow," Goldstein said.

Meanwhile, Amazon.com (AMZN.O), opens new tab is planning a second round of cuts next week as part of a broader goal of slashing some 30,000 corporate jobs, two people familiar with the matter previously told Reuters.

Part of the reason anxiety about jobs persists despite corporate assurances is if workers have little say in the rollout of AI, said Luc Triangle, general secretary of the International Trade Union Confederation.

In these conditions, workers see AI "as a threat", he said.

For billionaire philanthropist and Microsoft (MSFT.O), opens new tab co-founder Bill Gates, the world needs to "get ready for the opportunities and disruption that AI will bring".

"Your economy gets more productive,” Gates told Reuters. “That's typically a good thing.”

Gates cited taxing AI activities as one potential idea for assisting workers, while calling on politicians to get more familiar with the technology.

"There certainly are problems, but they're all solvable problems," Gates added about AI more generally.

Davos largely wrapped up on Thursday with optimism from Elon Musk, founder of SpaceX and Tesla (TSLA.O), opens new tab CEO, who talked about his goal to protect civilization and make it interplanetary.

"For quality of life, it is actually better to err on the side of being an optimist and wrong, rather than a pessimist and right," Musk told a packed congress hall, before he was escorted out via a kitchen, dodging waiting reporters.

Reporting by Jeffrey Dastin; Additional reporting by John Revill, Dave Graham, Ariane Luthi and Divya Chowdhury; Editing by Alexander Smith

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Jeffrey Dastin is a correspondent for Reuters based in San Francisco, where he reports on the technology industry and artificial intelligence. He joined Reuters in 2014, originally writing about airlines and travel from the New York bureau. Dastin graduated from Yale University with a degree in history. He was part of a team that examined lobbying by Amazon.com around the world, for which he won a SOPA Award in 2022.

The XRP price continues to trend lower despite Ripple CEO Brad Garlinghouse’s growing optimism about the crypto market’s long-term trajectory.

Although sentiment across the market remains fragile, both on-chain data and technical indicators hint that this weakness could be temporary.

Summary

XRP price is under pressure, trading near $1.91, despite Ripple CEO Brad Garlinghouse’s optimism about the long-term crypto market and potential regulatory clarity. Technical analysis shows XRP forming a descending wedge, suggesting weakening bearish momentum and the possibility of a bullish reversal. Key support levels to watch are $1.90, $1.85, and $1.80, while a move above $2.10–$2.20 could strengthen the short-term XRP forecast and broader XRP outlook. U.S. regulation in focus The crypto market has been shaky as Bitcoin pulls back, but Garlinghouse isn’t wavering. He sees 2026 as a potential breakthrough year for crypto, driven by clearer U.S. regulations and institutional adoption.

Critics pushed back after he supported the draft CLARITY Act, which aims to define regulatory oversight for digital assets. Garlinghouse insists clarity beats uncertainty any day.

“Let’s not let perfect be the enemy of good” – this right here is the key. No piece of legislation has ever been perfect by everyone’s standards. What we need is a clear framework, allowing innovation to flourish — exactly what Market Structure will deliver.

I’ll keep saying it… https://t.co/NXAlnazzdv

— Brad Garlinghouse (@bgarlinghouse) January 21, 2026 For XRP investors, regulatory progress continues to shape the broader XRP outlook.

Technical structure and XRP price prediction On January 23, Ripple (XRP) is trading near $1.91, slipping roughly 1.7% in the last 24 hours after briefly climbing back toward $1.98 earlier this week.

XRP 1-day chart, January 2026 | Source: crypto.news Looking at the chart, XRP is moving within a descending wedge pattern, where price action continues to compress as highs and lows converge. This kind of structure usually signals that bearish momentum is weakening and that a reversal could be building.

To confirm a bullish shift, XRP must reclaim $2.00 on a daily close. A sustained move above $2.10–$2.20 would strengthen the short-term XRP forecast and open room for higher levels.

Without a confirmed breakout, XRP still faces downside risk. The $1.90 zone is the nearest support level to watch. Losing that area could send the price toward $1.85, with buyers likely stepping in around $1.80.

Market sentiment and on-chain data Market mood around XRP has turned decisively negative. Fear-driven sentiment now dominates social discussions, a setup that has historically appeared closer to the end of sell-offs than the start of prolonged downturns.

At the same time, exchange activity suggests something very different is happening beneath the surface. XRP is increasingly being moved into private wallets, a trend often linked to accumulation during periods of extreme pessimism.

This disconnect between what traders are saying and what longer-term holders are doing supports the idea that current prices may be seen as an opportunity ahead of a possible trend change.

Conclusion Currently, the XRP price prediction reflects a market torn between heavy fear and behind-the-scenes accumulation.

Even though momentum hasn’t flipped yet, deeply bearish sentiment, coins moving off exchanges, and a bullish chart structure point to limited downside unless key supports fail.

A move back above $2.00 could be enough to shift the wider XRP outlook firmly in favor of the bulls.

Trump’s Davos speech fuels the view that institutional players are engineering “investor fatigue” ahead of the next leg-up.

Market Sentiment:

Bullish Bearish Neutral

Published: January 23, 2026 │ 2:50 PM GMT

Created by Kornelija Poderskytė from DailyCoin

The host of a recent Discover Crypto video argues that the geopolitical and monetary order on display at Davos has shifted sharply, with President Donald Trump publicly embracing bitcoin and digital assets while global central bankers show visible discomfort.

The analyst from Discover Crypto frames the moment as a direct challenge to the post‑globalization consensus, with the U.S. positioning itself as a potential “crypto superpower” even as policy clarity at home remains delayed.

Trump’s Pro‑Crypto Pivot Amid Davos PushbackAccording to the YouTube video, Trump told the Davos audience he is “working to ensure America remains the crypto capital of the world” citing his signing of the so‑called “Genius Act” and expressing hope to soon approve broader crypto market structure legislation.

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The host treats this as a formal political endorsement of bitcoin and crypto in front of “the entire Davos consortium,” and as a calculated rebuke of traditional monetary elites.

After being a speaker at the @wef last year in #Davos, the landscape is definitely more tense this year as all eyes on 👀 Europe 🇪🇺 & USA 🇺🇸

Trump says the USA is the economic engine of the world, & that this stock market dip is 'peanuts' & that it will double 🚀🔥#Davos26 pic.twitter.com/SQnmPkM5iV

— CryptoMegan.ath (@megan_crypto) January 21, 2026 On stage in Switzerland, Coinbase CEO Brian Armstrong is shown telling a French central banker that bitcoin’s fixed supply and lack of an issuer make it “even more independent” than central banks with legal mandates.

The banker’s uneasy reaction, the commentator suggests, encapsulates official anxiety that citizens may “decide which one they trust more” in a period of fiscal strain and high deficits.

AI & Stablecoins To Power Next Payment RailsThe video then highlights Circle CEO Jeremy Allaire’s remarks in Davos that new chains such as Arc are being built specifically for “agentic compute” — a future where “billions of AI agents” continuously conduct economic activity.

In his personal view, there is “no other alternative… than stablecoins” to settle that volume of machine‑to‑machine and machine‑to‑human payments in real time.

Can digital assets power the new “liquidity engine” for global businesses?

On Tuesday at the World Economic Forum’s (@wef) Annual Meeting in Davos, our Group Chief Executive Bill Winters co-hosted a private panel discussion with Circle Chief Executive Officer Jeremy Allaire to… pic.twitter.com/Jo2hl34W4m

— Standard Chartered (@StanChart) January 22, 2026 The host sees this as a core use case for USDC‑style assets, tying the AI boom directly to on‑chain dollar infrastructure and the long‑term secular demand for crypto rails beyond speculative trading.

Greenland’s Woes & Delayed U.S. Bill Can’t Stop BitcoinGeopolitics occupies a sizable portion of the analysis.

The commentator claims the U.S. has secured military access and mineral rights in Greenland without direct payments, while Denmark shoulders roughly $600 million per year to support the local population and China and Russia are barred.

The European Union’s reported suspension of a U.S. trade deal over “Greenland tensions” and a U.S. exit from the World Health Organization are framed as further signs that “globalization is dead.”

Despite this backdrop, the host notes that bitcoin has not retraced to the $70,000s or $60,000s as he expected. On his chart, BTC is building a range while still “holding the channel to the upside” with $87,000 acting as a key higher‑low area. He keeps tether on the sidelines in case of a deeper pullback but emphasizes the relative resilience given the macro shock flow.

On regulation, he cites a Bloomberg report that a major U.S. crypto bill is likely pushed to late February or March as the Senate pivots to a Trump housing agenda. He characterizes this as extending the window of uncertainty for how digital assets will be integrated into U.S. law.

Investor Fatigue, ISM data & The “Ball Under-Water”The video closes on market structure. Citing a post by “Crypto Tice,” the host says bitcoin has “never printed a real all‑time high while the ISM PMI was below 50.” In this cycle, ISM has remained under that contraction threshold, which he interprets as an “edge” for a future upside move once U.S. activity data turns.

He argues that large banks and Wall Street players are deliberately inducing “bitcoin fatigue” to push retail investors out before the next major leg higher. For now, he continues dollar‑cost averaging and positions the U.S. as on track to become the leading bitcoin and crypto hub, provided the political follow‑through matches the rhetoric seen at Davos.

Check out DailyCoin’s latest crypto scoops now:
Ledger Eyes $4B US IPO Amid Rising Crypto Security Demand
Nasdaq Moves to Expand Bitcoin and Ethereum ETF Options

People Also AskHow is Trump described as impacting crypto policy?

The video portrays Trump as openly pro‑crypto, pushing legislation to make the U.S. the “crypto capital of the world” and signaling support for bitcoin in high‑profile forums like Davos.

Why does the host focus on Greenland?

He presents the reported Greenland arrangement as an example of U.S. “art of the deal” strategy, with military access and mineral rights secured while rivals like China and Russia are excluded.

What does the video suggest about stablecoins and AI?

It leans on Jeremy Allaire’s claim that stablecoins are the only realistic payment medium for the anticipated surge in economic activity by billions of AI agents.

DailyCoin's Vibe Check: Which way are you leaning towards after reading this article?

Market Sentiment

0% Neutral

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Coinbase announced that users can borrow up to $1 million against their cbETH. This token represents staked ETH on the platform and does not require unstaking or selling. The feature is available now across the U.S., excluding New York. It offers stakers flexibility previously unavailable in traditional crypto staking models.

How cbETH Liquidity Works The mechanism is straightforward. Coinbase users deposit cbETH as collateral and can immediately access a line of credit. For example, an investor with $500,000 worth of cbETH could borrow a portion of that value up to the $1 million cap. Interest rates and terms are clearly defined, providing predictability. This mirrors trends in decentralized finance where staked assets are increasingly being used as collateral for loans and other financial products.

So, a real world scenario illustrates the potential. Imagine a crypto investor with a long term view on Ethereum who wants to purchase a home or invest in a startup. Traditionally, they would have to sell staked ETH, losing out on rewards and potentially triggering taxable events. With cbETH liquidity, they can borrow against their holdings, maintain their staking position, and access the funds needed immediately. This flexibility is a step toward making staking more practical for mainstream investors.

Staked your ETH, but need liquidity?

No problem – now you can access up to $1M in liquidity against your cbETH, without unstaking or selling.

Available now in the U.S. (ex. NY). pic.twitter.com/WqqaOBUlrS

— Coinbase 🛡️ (@coinbase) January 22, 2026

Staking, once seen primarily as a passive way to earn yield, is evolving into a more active financial tool. Industry data shows that over 40% of ETH is staked as of late 2025, with growing demand for ways to leverage those positions. Also, by enabling liquidity against staked ETH, platforms like Coinbase are bridging the gap between long term crypto holding and short term financial needs.

More About Coinbase Coinbase CEO Brian Armstrong recently declared that “We’re seeing the birth of a new monetary system, the Bitcoin standard.” His statement highlights the growing belief that Bitcoin is evolving beyond a speculative asset into a foundational financial system. So, by offering a decentralized, censorship-resistant alternative to traditional currencies, Bitcoin enables individuals and institutions to transact globally without relying on banks or central authorities.

“We’re seeing the birth of a new monetary system, the Bitcoin standard.” – @brian_armstrong pic.twitter.com/zcrqkGEDp6

— Coinbase 🛡️ (@coinbase) January 21, 2026

So, Armstrong’s vision reflects a broader trend in the crypto ecosystem, where adoption is accelerating, payment solutions are expanding, and investors are increasingly considering Bitcoin as a long-term store of value and unit of account.

Disclaimer The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd.

Spot bitcoin ETFs booked over $1.6 billion in outflows in four days, underscoring the rapid reversal in investor

Fri, 23/01/2026 - 15:37

OI flip comes amid Shiba Inu price drop, hinting at hidden reset on the market.

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

After an earlier drop, Shiba Inu open interest saw a surprising reversal, flipping back into the green.

Shiba Inu's open interest, an indicator of liquidity on the markets, increased 0.45% in the last 24 hours to $87.19 million, according to CoinGlass data.

While the increase might seem small, it remains significant given a prior drop as Shiba Inu price fell with traders reducing exposure.

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The slight increase in open interest comes despite Shiba Inu's price drop. At press time, SHIB was down 0.51% in the last 24 hours to $0.00000786 and down 6.06% weekly.

SHIB price action The crypto market is largely trading in the red, as gains in equities and a weaker U.S. dollar failed to translate into a sustained rise for crypto after a volatile week.

The Shiba Inu price was likewise down, falling 8.15% weekly. Most major cryptocurrencies remain down between 7% and 12% over the past week, indicating that sentiment on the crypto market remains fragile.

As Shiba Inu open interest rebounds, the current setup hints at a reset as leverage gets flushed out of the market. This reset is, however, a quiet one, as volumes drop across spot and derivatives markets.

According to CoinMarketCap data, Shiba Inu trading volume across spot exchanges is down 27.87% in the last 24 hours to $82.26 million.

Traders seem to be taking a pause to decide the market's next move and adjust accordingly. Shiba Inu faces immediate resistance at $0.000008, which coincides with the daily MA 50. Since Jan. 14, attempts by Shiba Inu to reclaim this level have not succeeded.

If $0.000008 is conquered, Shiba Inu will aim at $0.000009 and $0.00001 next, while support is expected in the $0.000007 range if the price drops further. Another possibility is sideways trading below the daily MA 50 before the next upward move.

Related articles

The crypto market wavered on Friday, with Bitcoin and most altcoins remaining in a tight range, even as institutional demand accelerated.

Summary

The crypto market remained in a tight range on Friday. UBS, a bank with over $4 trillion in assets, will start offering crypto trading. More large companies like Morgan Stanley and JPMorgan have embraced the industry. Bitcoin (BTC) price was stuck at $89,000, while Ethereum (ETH) remained below the key support level at $3,000. The market capitalization of all coins remained at $3 trillion, while the Crypto Fear and Greed Index moved to the fear zone of 34.

Crypto market cap has stalled | Source: CMC

UBS to launch crypto trading services  UBS, the world’s largest wealth manager with over $4.7 trillion in assets, is preparing to enter the crypto trading industry.

According to Bloomberg, the company plans to make digital assets available to some of its clients. 

It will start offering some Swiss clients the ability to buy and sell Bitcoin and Ethereum, and will then be launched to other markets, such as Asia and the U.S. A spokesperson told Bloomberg that: 

“As part of UBS’s digital asset strategy, we actively monitor developments and explore initiatives that reflect client needs, regulatory developments, market trends, and robust risk controls.”

UBS becomes the latest large company to move into the crypto industry. BlackRock, the world’s largest asset manager, runs the largest cryptocurrency ETF business, with over $80 billion in assets. BUIDL, its tokenized fund, has accumulated over $4 billion in assets.

JPMorgan launched its first tokenized fund this week and quickly accumulated over $100 million in assets under management. Charles Schwab plans to offer crypto trading solutions this quarter.

Other large companies that have embraced the industry are SoFi, Janus Henderson, WisdomTree, Morgan Stanley, Robinhood, Standard Chartered, and Fidelity.

Most of these companies have embraced the industry because of the supportive legislative regime in the United States, where Donald Trump has vowed to make the country the crypto capital of the world.

Crypto Market Stung by CLARITY Act Retreat  A possible reason why Bitcoin and most altcoins are wavering is that the closely watched CLARITY Act has stalled in the Senate Banking Committee, with officials now focusing on the housing issue.

The bill stalled last week after Coinbase withdrew its support, citing key issues, including its proposals on tokenization and stablecoin rewards by crypto exchanges.

CLARITY would have been the second-biggest legislative win in the crypto industry after the GENIUS Act, which focused on regulating stablecoins. Stablecoins have accumulated over $300 billion in assets.

The crypto market will next react to the Federal Reserve’s interest rate decision, scheduled for Wednesday next week. Economists expect the bank to leave interest rates unchanged between 3.50% and 3.75%.

Grayscale Investments has moved forward with plans to expand its altcoin product lineup by filing an S-1 registration statement with the U.S. Securities and Exchange Commission for a spot Binance Coin (BNB) exchange-traded fund. The filing, submitted on January 23, 2026, marks a big move for Grayscale’s altcoin strategy for the year. If approved, the product would offer investors regulated exposure to BNB through traditional market infrastructure.

Grayscale Prepares to Launch BNB ETFGrayscale Investments has submitted a registration filing to the U.S. Securities and Exchange Commission seeking approval for a Binance Coin (BNB) exchange-traded fund. With this move, Grayscale becomes the second crypto asset manager to pursue a BNB ETF, following an earlier filing from rival firm VanEck.

The proposed fund is expected to trade on Nasdaq under the ticker GBNB, giving institutional investors direct exposure to the spot price of BNB, closely associated with the Binance crypto exchange.

Grayscale named Coinbase as the fund’s prime broker, with Coinbase Custody handling asset storage. The firm also plans to support in-kind creation and redemption, and may allow staking, which would let investors generate yield from their holdings.

Also read: Expert Reveals What’s Next For Bitcoin, Ethereum and XRP Prices

The move follows Grayscale’s decision to register the trust in Delaware just two weeks earlier, a step that pointed to the firm’s plans to launch the crypto ETF.

A key hurdle is the SEC’s ongoing review of whether BNB should be classified as a security under U.S. law. In past lawsuits against crypto exchanges, the regulator has argued that BNB was sold as an unregistered security.

Grayscale’s filing is expected to address these concerns with detailed legal analysis and market evidence, making BNB as a utility-driven token used within a decentralized blockchain network.

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January 23, 2026 09:37 ET  | Source: NOVAGOLD RESOURCES INC.

Not for distribution to U.S. news wire services or dissemination in the United States

VANCOUVER, British Columbia, Jan. 23, 2026 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (NYSE American: NG, TSX: NG) ("NOVAGOLD" or the "Company") has announced today that it has entered into an agreement with BMO Capital Markets, RBC Capital Markets, and Scotiabank as bookrunners, under which the underwriters have agreed to increase the size of the previously announced bought deal private placement, 30,000,000 common shares (the “Common Shares”) of the Company, at a price of US$10.00 per Common Share for gross proceeds of approximately US$300 million, with a cornerstone order of US$140 million from a leading European institution, before deducting underwriter fees and other expenses (the “Offering”). In addition, the Company has also granted the underwriters an over-allotment option, exercisable up to 48 hours prior to the closing of the Offering, to purchase up to an additional 15% of the number of Common Shares purchased pursuant to the Offering for additional gross proceeds of up to approximately US$45 million, before deducting underwriter fees and other expenses (resulting in aggregate gross proceeds of up to approximately US$345 million, before deducting underwriter fees and other expenses).

The Company intends to use the net proceeds of the Offering for expendituunderwriters have agreed to increase the size of the previously res associated with Donlin Gold activities, settlement of the Company’s prepayment option on the promissory note1 with Barrick Mining Corporation, and general corporate purposes.

The Offering is expected to close on or about February 5, 2026 and is subject to the Company receiving all necessary regulatory approvals, including the approval of the Toronto Stock Exchange and authorization of the NYSE American, subject to customary conditions.

The Common Shares will be offered: (i) in each of the provinces of Canada pursuant to applicable exemptions from the prospectus requirements under applicable Canadian securities laws; (ii) in the United States and elsewhere, pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), and the applicable securities laws of any state of the United States; and (iii) in jurisdictions outside of Canada and the United States pursuant to prospectus, registration, and other exemptions under applicable securities laws. The Common Shares will be subject to a minimum 6-month hold period from the closing of the Offering under applicable securities laws.

The securities offered have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About NOVAGOLD

NOVAGOLD is a well-financed precious metals company focused on the development of the Donlin Gold project in Alaska, one of the safest mining jurisdictions in the world. With approximately 40 million ounces of gold in the Measured and Indicated Mineral Resource categories (560 million tonnes at an average grade of approximately 2.22 grams per tonne, in the Measured and Indicated Mineral Resource categories on a 100% basis)2, inclusive of Proven and Probable Mineral Reserves, the Donlin Gold project is regarded to be one of the largest, highest-grade, and most prospective known open-pit gold deposits in the world. The Donlin Gold project is expected to produce an average of more than one million ounces per year over a 27-year mine life on a 100% basis once in production.3

NOVAGOLD Contacts:
Mélanie Hennessey
Vice President, Corporate Communications

Frank Gagnon
Manager, Investor Relations

604-669-6227 or 1-866-669-6227

[email protected]
www.novagold.com

Cautionary Note Regarding Forward-Looking Statements

This media release includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable securities legislation, including the United States Private Securities Litigation Reform Act of 1995. Forward- looking statements are frequently, but not always, identified by words such as “expects”, “continue”, “ongoing”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, “would” or “should” occur or be achieved. All statements, other than statements of historical fact, included herein are forward-looking statements. These forward-looking statements may relate to the Offering, including statements with respect to the completion of the Offering  and the anticipated closing dates thereof; the expected receipt of regulatory and other approvals relating to the Offering; the exercise of the over-allotment option; the expected gross proceeds of the Offering and the anticipated use of the net proceeds therefrom; statements relating to the Donlin Gold project and any other activities, events or developments that NOVAGOLD expects or anticipates will or may occur in the future. Forward-looking statements contained in this media release are based on a number of material assumptions, including but not limited to the following, which could prove to be significantly incorrect: our ability to achieve production at Donlin Gold; the cost estimates and assumptions contained in the 2025 Technical Report and the 2025 Technical Report Summary ; estimated metal pricing, metallurgy, mineability, marketability and operating and capital costs, together with other assumptions underlying our resource and reserve estimates; our expected ability to develop adequate infrastructure and that the cost of doing so will be reasonable; assumptions that all necessary permits and governmental approvals will be obtained and the timing of such approvals; assumptions made in the interpretation of drill results, the geology, grade and continuity of our mineral deposits; our expectations regarding demand for equipment, skilled labor and services needed for exploration and development of mineral properties; our ability to improve our ESG initiatives and goals; and that our activities will not be adversely disrupted or impeded by development, operating or regulatory risks. In addition, any statement that refers to expectations, intentions, projections or other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements are not historical facts but instead represent the expectations of NOVAGOLD management’s estimates and projections regarding future events or circumstances on the date the statements are made. Important factors and risks that could cause actual results to differ materially from expectations include risks related to financings of this nature; the need to obtain additional permits and governmental approvals; the timing and likelihood of obtaining and maintaining permits necessary to construct and operate; the need for additional financing to complete an updated Bankable Feasibility Study and to explore and develop properties; availability of financing in the debt and capital markets; the disparity between the economic and governance level at Donlin Gold LLC and NOVAGOLD; disease pandemics; uncertainties involved in the interpretation of drill results and geological tests and the estimation of reserves and resources; changes in mineral production performance, exploitation and exploration successes; changes in national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic developments in the United States or Canada; the need for continued cooperation between the owners of Donlin Gold LLC to advance the project; the need for cooperation of government agencies and Native groups in the development and operation of properties; risks of construction and mining projects such as accidents, equipment breakdowns, bad weather, non-compliance with environmental and permit requirements, unanticipated variation in geological structures, ore grades or recovery rates; unexpected cost increases, which could include significant increases in estimated capital and operating costs; fluctuations in metal prices and currency exchange rates; whether or when a positive construction decision will be made regarding the Donlin Gold project; and other risks and uncertainties disclosed in NOVAGOLD’s most recent reports on Forms 10-K and 10-Q, particularly the “Risk Factors” sections of those reports and other documents filed by NOVAGOLD with applicable securities regulatory authorities from time to time. Copies of these filings may be obtained by visiting the SEC’s website at www.sec.gov, or on SEDAR+ at www.sedarplus.ca. Although NOVAGOLD has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Any forward-looking statement contained in this press release speaks only as of the date hereof, and NOVAGOLD assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

________________________________________
1 As of November 30, 2025, the promissory note, including accrued interest, amounted to approximately $166.3 million. Concurrent with the closing of the Donlin Gold transaction on June 3, 2025 whereby Barrick sold its 50% interest in Donlin Gold to Donlin Gold Holdings LLC and NOVAGOLD Resources Alaska, Inc., the Company entered into an amended and restated secured promissory note with Barrick that provides the Company with the option to prepay the promissory note in full for $100 million on or before December 3, 2026. For more information regarding the amended and restated secured promissory note, refer to “Amended and Restated Promissory Note” in Management’s Discussion and Analysis.

2 Donlin Gold data as per the report titled “NI 43-101 Technical Report on the Donlin Gold project, Alaska, USA” with an effective date of November 30, 2025 (the “2025 Technical Report”) and the report titled “S-K 1300 Technical Report Summary on the Donlin Gold Project, Alaska, USA” (the “2025 Technical Report Summary”), dated November 30, 2025.

3 NOVAGOLD defines a Tier One gold development project as one with a projected production life of at least 10 years, annual projected production of at least 500,000 ounces of gold, and average projected cash costs over the production life that are in the lower half of the industry cost curve.

Webster Financial (WBS - Free Report) came out with quarterly earnings of $1.59 per share, beating the Zacks Consensus Estimate of $1.52 per share. This compares to earnings of $1.43 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +4.64%. A quarter ago, it was expected that this holding company for Webster Bank would post earnings of $1.52 per share when it actually produced earnings of $1.54, delivering a surprise of +1.32%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Webster Financial, which belongs to the Zacks Banks - Northeast industry, posted revenues of $746.2 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.37%. This compares to year-ago revenues of $660.97 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Webster Financial shares have added about 5.2% since the beginning of the year versus the S&P 500's gain of 1%.

What's Next for Webster Financial?While Webster Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Webster Financial was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.52 on $730.76 million in revenues for the coming quarter and $6.51 on $3.02 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Financial Institutions (FISI - Free Report) , has yet to report results for the quarter ended December 2025. The results are expected to be released on January 29.

This holding company for Five Star Bank is expected to post quarterly earnings of $0.95 per share in its upcoming report, which represents a year-over-year change of +75.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Financial Institutions' revenues are expected to be $62.94 million, up 24.3% from the year-ago quarter.

Key Takeaways LLY's oncology sales rose about 9% in the first 9 months of 2025 to $6.77B, making up about 15% of revenues.Verzenio is expected to drive most Q4 oncology sales, aided by higher demand in and outside the United States.LLY's oncology growth also includes Retevmo, Jaypirca and new launch Inluriyo, partly offset by older drugs. While Eli Lilly (LLY - Free Report) is a market leader in the GLP-1 segment, thanks to its tirzepatide medicines Mounjaro (for diabetes) and Zepbound (for obesity), the company also generates a meaningful portion of revenues from its oncology franchise. In the first nine months of 2025, LLY’s oncology sales totaled $6.77 billion, representing year-over-year growth of about 9%, and accounted for around 15% of the company’s total revenue figure during the same time frame.

The Zacks Consensus Estimate for Eli Lilly’s overall oncology portfolio sales during fourth-quarter 2025 is pegged at $2.64 billion. A significant portion of these revenues is likely to be generated from sales of the company’s blockbuster breast cancer drug, Verzenio. Sales of this drug are expected to have been driven by higher volumes due to increased demand in the United States and outside the United States, partially offset by lower pricing in the United States.

Sales of RET inhibitor Retevmo and the newer lymphoma drug Jaypirca are also expected to contribute positively to top-line growth during the quarter. However, these gains are likely to have been partially offset by lower sales of older cancer drugs like Alimta and Cyramza, which are being impacted by competition from immuno-oncology agents in the United States.

Eli Lilly secured FDA approval for its new breast cancer drug, Inluriyo (imlunestrant), in late September 2025 and was subsequently launched during the to-be-reported quarter in the United States. Investors will look out for the initial sales numbers for Inluriyo on the fourth-quarter earnings call.

As markets await another strong quarter from Eli Lilly’s GLP-1 portfolio, investors will also keep an eye on the company’s oncology unit, which is showing consistent growth fueled by innovation. This could help reassure investors that Lilly’s earnings trajectory is not solely tied to the obesity segment ahead of the fourth-quarter results on Feb. 4.

Competition in the Oncology SpaceOther bigger players in the oncology space include AstraZeneca (AZN - Free Report) , Merck (MRK - Free Report) and Pfizer (PFE - Free Report) .

For AstraZeneca, oncology sales now account for nearly 43% of total revenues. Sales in its oncology segment rose 16% in the first nine months of 2025. AstraZeneca’s strong oncology performance was driven by medicines, such as Tagrisso, Lynparza, Imfinzi, Calquence and Enhertu (in partnership with Daiichi Sankyo).

Merck’s key oncology medicines are PD-L1 inhibitor Keytruda and PARP inhibitor Lynparza, which it markets in partnership with AstraZeneca. Keytruda, approved for several types of cancer, alone accounted for more than 48% of Merck’s total revenues in the first nine months of 2025.

Pfizer’s oncology revenues in the first nine months of 2025 grew more than 7% on a reported basis, driven by drugs like Xtandi, Lorbrena, the Braftovi-Mektovi combination, and Padcev. The segment now accounts for over 27% of Pfizer’s overall sales.

LLY’s Stock Price, Valuation and EstimatesShares of Eli Lilly have gained 35% in the past six months compared with the industry’s 19.1% growth. The company has also outperformed the sector and the S&P 500 during the same time frame, as seen in the chart below.

LLY Stock Price MovementImage Source: Zacks Investment Research

From a valuation standpoint, LLY stock is expensive. Going by the price/earnings ratio, the company’s shares currently trade at 32.02 forward earnings, higher than 18.08 for the industry. However, the stock is trading below its five-year mean of 34.56.

LLY Stock ValuationImage Source: Zacks Investment Research

Estimates for Eli Lilly’s 2025 earnings have declined from $23.95 to $23.83 per share in the past 60 days, while estimates for 2026 earnings have improved from $33.36 to $33.41 over the same time frame.

LLY Estimate MovementImage Source: Zacks Investment Research

Eli Lilly currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

MENLO PARK, Calif., Jan. 23, 2026 (GLOBE NEWSWIRE) -- Joveo, a global leader in AI-led, high-performance recruitment marketing, today announced a Workday Design Approved integration for its programmatic job advertising platform. The integration brings Joveo’s leading AI job advertising, apply optimization capabilities, and impression-to-hire insights, to organizations utilizing Workday.

Joveo empowers Workday Recruiting customers to attract qualified job seekers and drive more hires with automation, AI, and full-hiring-funnel visibility, while reducing their recruitment media spend. By unifying signals across recruitment marketing, application flow, and hiring stages, talent leaders also gain actionable insights into what’s working, what isn’t, and where to optimize.

As a Workday Partner, Joveo:

Connects AI Job Advertising to Workday Recruiting, so jobs are distributed to the right job boards, social channels, search engines, and destination sites at the right time, with AI optimizing source selection, bids, and budgets.
Delivers real-time campaign performance and cost insights from impression-to-hire, labor market data, and competitive signals.
Improves conversions to hire by optimizing the job application process, streamlining the candidate journey, and reducing dropoffs.
More than 35 Workday Recruiting clients power their job advertising with Joveo today.

“Recruiting works best when the right candidates see the right jobs at the right time, and have a frictionless journey to getting hired,” said Kshitij Jain (KJ), Founder and CEO at Joveo. “By partnering with Workday, we’re bringing Joveo’s recruitment marketing capabilities into the systems enterprise talent teams use every day, so they can reach qualified job seekers, deliver more hires, and make faster, smarter decisions across the talent funnel.”

More information on Joveo’s integration can be found on the Workday Marketplace, which provides easy access to solutions built by Workday and its partners.

For more information on Joveo’s award-winning platform and solutions, visit www.joveo.com.

About Joveo
As a global leader in AI-powered, high-performance recruitment marketing, Joveo helps organizations reach more candidates, engage them effectively, and achieve better hiring outcomes while maximizing efficiency and ROI. The Joveo platform brings together programmatic job advertising, application optimization, and unified analytics to drive measurable improvements in time-to-hire and cost-per-hire.

For more information on Joveo’s platform, visit www.joveo.com.

Media Contact
Heather van Werkhooven
Sr. Director, Content and Thought Leadership
[email protected]

Q4: 2026-01-23 Earnings SummaryEPS of $0.31 beats by $0.07

 |

Revenue of

$7.68B

(15.12% Y/Y)

beats by $249.04M

Telefonaktiebolaget LM Ericsson (publ) (ERIC) Q4 2025 Earnings Call January 23, 2026 3:00 AM EST

Company Participants

Daniel Morris - Head of Investor Relations
Borje Ekholm - President, CEO, Head of Segment Enterprise & Director
Lars Sandstrom - Senior VP, Head of Group Function Finance & CFO

Conference Call Participants

Simon Granath - ABG Sundal Collier Holding ASA, Research Division
Erik Lindholm-Rojestal - SEB, Research Division
Jakob Bluestone - BNP Paribas, Research Division
Andreas Joelsson - DNB Carnegie, Research Division
Sandeep Deshpande - JPMorgan Chase & Co, Research Division
Sébastien Sztabowicz - Kepler Cheuvreux, Research Division
Felix Henriksson - Nordea Markets, Research Division
Ulrich Rathe - Bernstein Institutional Services LLC, Research Division
Sami Sarkamies - Danske Bank A/S, Research Division
Didier Scemama - BofA Securities, Research Division
Daniel Djurberg - Handelsbanken Capital Markets AB, Research Division
Andrew Gardiner - Citigroup Inc., Research Division

Presentation

Daniel Morris
Head of Investor Relations

Hello, everyone, and welcome to the presentation of Ericsson's Fourth Quarter 2025 results. With me here in the studio today are Börje Ekholm, our President and CEO; and Lars Sandstrom, our Chief Financial Officer.

As usual, we'll have a short presentation followed by Q&A. [Operator Instructions] Details can be found in today's earnings release and on the Investor Relations website. Please be advised that today's call is being recorded and that today's presentation may include forward-looking statements.

These statements are based on our current expectations and certain planning assumptions, which are subject to risks and uncertainties. Actual results may differ materially due to factors mentioned in today's press release and discussed in the conference call. We encourage you to read about these risks and uncertainties in our earnings report as well as in our annual report.

I'll now hand the call over to Börje and to Lars for their introductory comments.

Borje Ekholm
President, CEO, Head of Segment Enterprise & Director

Thanks, Daniel. So