Author: V. Alure

FirstEnergy Corp. (NYSE: FE) reported full-year 2025 GAAP earnings of $1.02 billion, or $1.77 per share, an increase from $978 million, or $1.70 per share, in 2024. Consolidated revenue for the fiscal year reached $15.1 billion, compared with $13.5 billion in the previous year. On a non-GAAP basis, 2025 core earnings were $2.55 per share, representing a 7.6% increase over the $2.37 per share reported in 2024. The company noted that 2025 figures were based on 577 million shares, compared to 575 million shares in 2024. Financial performance across the company’s primary operating segments was as follows: Distribution: Core earnings…

Visitors at the Galgotias University’s stall during the AI Impact Summit, at Bharat Mandapam, in New Delhi, on Wednesday. The private university was asked to vacate its stall at the summit after a controversy over display of a made-in-China robotic dog as its own innovation | Photo Credit: – The government on Wednesday asked Galgotias University to vacate the premises of AI Impact Summit after it was found to be passing off a Chinese-made robodog and a Korean-made drone as innovations developed in-house by its Centre of Excellence. What surfaced as a sideshow over misleading claims on Tuesday snowballed into…

State-run Cochin Shipyard Ltd (CSL) on Wednesday (February 18) said it has signed a formal contract with France-based CMA CGM, worth around $360 million (around ₹3,267 crore) for the construction of six 1,700 TEU LNG-fuelled feeder container vessels.With the latest win, the company’s total order book has reached around ₹23,000 crore. Each LNG-powered containership will be of 1700-TEU (20-foot container equivalent) capacity and will cost around $60 million. The development follows Cochin Shipyard’s earlier communication dated October 14, 2025, informing about the signing of a Letter of Intent (LOI) with a prominent European client for the design and construction of…

Image source: Getty Images It’s always interesting to see what stocks some of the best investors in the world have decided to buy recently. And one stock in particular stands out in the latest data for Q4 2025. The stock in question is Amazon (NASDAQ:AMZN). There are always differing views in the stock market, but investors seem to have dramatically different ideas about what to make of this one.  Buyers and sellers During the last three months of 2025, Baupost Group – led by Seth Klarman – was buying Amazon shares. And that’s striking because of the company’s strategy and…

Japan faces a big turning point after conservatives secure a two-thirds parliamentary supermajority. A decisive election outcome for Japan’s Liberal Democratic Party in early February has sparked renewed confidence among policymakers after years of leadership churn and macroeconomic pressures. Prime Minister Sanae Takaichi’s landslide victory could bring stability to what may prove a major crossroads for Japan. Speaking to delegates at the Japan Securities Summit at London’s Mansion House a week after the election, Finance Minister Satsuki Katayama linked a range of indicators — including returning GDP growth, nominal wages rising for the third year in a row, the Nikkei…

Image source: Getty Images Some investors get worried about buying a stock that’s at 52-week highs. It’s a human bias as we don’t want to be seen as overpaying for something. However, in the stock market, companies doing well can keep their momentum going for a long time. So when I noted the Legal & General (LSE:LGEN) share price soaring, it struck a chord. Off to the races The stock is up 14% over the past year. One driver in this move has come from income investors. The current dividend yield is 7.8%, and it hasn’t fallen below 7.5% for…

Image source: Getty Images Will the 2020s be the year Britons wake up to the Stocks and Shares ISA? The latest data shows only one in six UK residents have opened one of these wealth-building accounts, but the signs are that attitudes might be shifting. For one thing, we’re saving more. In the 2010s, the average savings rate of income was around 5%. But the equivalent rate for 2020-2025 has hovered between 10% and 11%. Folks are saving double what they did (in percentage terms) a decade ago! Let’s say we squirrel away this higher rate of saving in a…

Meta’s chief AI officer Alexandr Wang on Wednesday described India as a “very positive case stuff”, highlighting the country’s growing role as a global powerhouse in artificial intelligence.An MIT dropout, Wang co-founded Scale AI in 2016 and led the company for nearly a decade before he was appointed to a senior position at tech giant Meta last year.The 29-year-old executive attributed India’s growth to the vast talent pool and a rapidly expanding startup ecosystem, news agency ANI reported, as the ongoing AI Summit in the national capital is bringing global leaders together.Wang was speaking at the ‘Governing in the Age…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Estimating the effects of the new US tariff regime is incredibly complicated, given the huge variety of rates and exemptions. They also seem to change all the time, depending on who is the latest to plonk a solid gold bar on to the Resolute desk. But the New York Fed has had a stab at the cost, and estimating who pays the price.Here’s a recent blog post from some of its economists, with an entirely unsurprising conclusion (Alphaville’s emphasis in bold below):First,…

A researcher works in the lab at the Moderna Inc. headquarters in Cambridge, Massachusetts, US, on Tuesday, March 26, 2024. Adam Glanzman | Bloomberg | Getty ImagesModerna said on Wednesday the Food and Drug Administration has agreed to review its experimental mRNA flu shot, reversing the agency’s earlier decision to refuse to accept the application in a move that stunned Wall Street and the medical community. The announcement clears a path forward for the vaccine, which is key to Moderna’s experimental combination Covid-flu jab and the company’s goal of breaking even by 2028. The FDA is slated to make a decision on…