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Apple Stock Hits $266.18 Close Amid Q1 Record Earnings and Spring Hardware Buzz

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Apple Logo on a Glass Window
Apple Logo on a Glass Window

Apple Inc. (NASDAQ: AAPL) shares saw a positive start to the week, closing at $266.18 on Monday, February 23, 2026. This represents a 0.60% increase (+$1.60) from the previous session, as the stock continues to recover from a brief dip earlier in the month. The upward momentum reflects ongoing strength from record-breaking holiday earnings and anticipation for Apple’s spring product roadmap.

Market Performance and Valuation

Apple’s market capitalization remains near the $4.0 trillion mark, solidifying its position as the world’s most valuable company. The stock is approximately 8% below its all-time high of $288.61 (reached in late 2025) but has shown resilience in early 2026. Trading volume was steady at 37.3 million shares, reflecting broad institutional support. As of February 24 intraday, AAPL trades around $272.40 (up 2.34% or +$6.22), with a day range of $267.74–$274.89.

Record-Breaking Q1 2026 Results

Investors continue to digest Apple’s fiscal first-quarter results (reported January 29, 2026), which shattered Wall Street expectations:

  • Total Revenue: A record $143.8 billion, up 16% year-over-year.
  • Earnings Per Share (EPS): An all-time high of $2.84, beating the consensus estimate of $2.71.
  • Services Explosion: The segment reached a massive milestone, crossing $30 billion in quarterly revenue for the first time (up 14% YoY). With a gross margin of 76.5%, Services now serves as a high-profit anchor.
  • Installed Base: CEO Tim Cook confirmed Apple’s active device ecosystem has surpassed 2.5 billion devices.

Spring Product Anticipation

While no official “Special Apple Experience” event has been announced for March 4, analysts expect a late March hardware refresh focusing on:

  • M5 MacBooks: Refreshed MacBook Pro and MacBook Air models powered by next-generation M5 silicon (expected H1 2026).
  • iPad Updates: Potential M5 iPad Pro refresh alongside OLED iPad Air rumors.

The iPhone 17 lineup (expected fall 2026) remains a key long-term catalyst, with supply chain reports pointing to A19 chips, improved modems, and design refinements driving 38% China growth seen in recent quarters.

Strategic Outlook

Despite EU regulatory scrutiny and global tariff concerns, analyst sentiment remains bullish. Morgan Stanley and Wedbush maintain price targets between $280–$300, citing Apple’s pivot toward an AI-driven services platform (P/E ~34.4, EPS $7.91). As February closes, focus remains on spring hardware reveals that could push AAPL toward new highs.

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(VIDEO) Detroit Lions to Play 2026 Regular-Season Game in Munich, Germany, as NFL Expands International Slate

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Detroit Lions

The Detroit Lions will play a regular-season home game in Munich, Germany, during the 2026 NFL season, the league announced Tuesday, February 24, 2026, marking the franchise’s return to international play for the first time since 2015 and adding to a record nine-game global schedule.

Detroit Lions
Detroit Lions

The matchup will take place at FC Bayern Munich Stadium (Allianz Arena) as part of a multi-year commitment to host games in Munich in 2026 and 2028. The Lions’ opponent, exact date, and kickoff time will be revealed during the full 2026 schedule release later this spring. The game counts as one of Detroit’s nine designated home contests, with the NFL designating it as an international fixture.

“We are thrilled to be playing internationally and specifically in Munich for the 2026 season,” Lions president and CEO Rod Wood said in a statement. “As an organization, we have invested greatly in the German market and are excited to play in front of our passionate German fans.”

The announcement aligns with the NFL’s ongoing push to expand its footprint abroad. The 2026 international slate includes games across four continents, seven countries, and eight stadiums — the most ever in a single season. In addition to Munich, the league confirmed contests in Paris (Stade de France), Rio de Janeiro (Maracanã Stadium), and other locations, with details for additional venues forthcoming.

Munich has emerged as a key hub for NFL Europe, having previously hosted games in 2022 and 2024. The multi-year deal with FC Bayern Munich and the City of Munich ensures consistent high-profile matchups, capitalizing on Germany’s strong football fanbase — one of the largest outside North America.

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For the Lions, the trip represents a milestone in their resurgence under coach Dan Campbell and general manager Brad Holmes. Coming off back-to-back playoff appearances and a strong 2025 campaign, the team enters 2026 with high expectations. The international game offers exposure to a new audience and a unique experience for players and staff.

A personal connection adds intrigue: star wide receiver Amon-Ra St. Brown has deep ties to Germany. His mother, Miriam Brown, was born in Cologne, and St. Brown has hosted youth football camps there. He expressed excitement in December 2025 about the possibility of playing in Germany, calling it a “dream” scenario. The Munich game provides a “homecoming” of sorts for the Pro Bowl receiver, whose family heritage and fan following in the country could draw extra attention.

The Lions last played overseas in 2015, facing the Kansas City Chiefs in London as part of a home-away-from-home designation. The 2026 Munich contest marks their first international appearance in over a decade and the franchise’s debut in Germany.

NFL Executive Vice President of International Peter O’Reilly highlighted the significance: “We are excited to welcome the Detroit Lions to play in the 2026 NFL Munich game — and in partnership with the Lions, FC Bayern Munich and the City of Munich, we look forward to bringing an incredible NFL experience to fans across the region in the NFL 2026 season.”

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The announcement sparked immediate excitement among Lions fans. Social media buzzed with reactions, from travel plans (Lufthansa offers direct flights from Detroit to Munich) to speculation about the opponent. Some pointed to the New York Giants’ existing Germany partnership, suggesting a possible matchup, though the schedule remains unconfirmed.

The game fits into the NFL’s broader international strategy, which has grown from occasional London exhibitions to a robust calendar featuring multiple sites and teams. Munich’s Allianz Arena, with its 75,000 capacity and iconic architecture, provides an ideal venue for a high-energy atmosphere.

As preparations ramp up, the Lions will integrate the trip into their offseason and preseason planning. Players and coaches often describe international games as bonding experiences, with cultural excursions and fan interactions adding to the journey.

The 2026 season promises to be a landmark for the Lions, combining on-field aspirations with global outreach. With Munich on the docket, Detroit’s passionate fanbase — already one of the NFL’s most dedicated — gains a transatlantic chapter in the team’s ongoing revival story.

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Forrests earn $690m dividend as Fortescue profit climbs

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Forrests earn $690m dividend as Fortescue profit climbs

Fortescue has booked a $2.7 billion profit due to record iron ore sales, helping its founding family to a tidy $690m dividend.

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BODYARMOR returns as official NCAA sports drink for 2026 March Madness

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BODYARMOR returns as official NCAA sports drink for 2026 March Madness

It’s that time of year again in college basketball, and BODYARMOR Sports Drink is getting back on the court for the most anticipated tournament of the year. 

BODYARMOR announced its return to college basketball as the official sports drink of the NCAA after seven years, beginning with the 2026 March Madness tournament. 

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As such, the brand committed to better hydration is refreshing its “Choose Better” campaign with LSU senior guard Flau’Jae Johnson, who is hoping to make a run this March for her second career title, and a two-time NCAA men’s basketball champion – New York Knicks star guard Jalen Brunson. 

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Jalen Brunson dribbles basketball

Jalen Brunson dribbles basketball in a partnership with BODYARMOR ahead of March Madness. (BODYARMOR / Fox News)

“For me, a couple of my career highlights happened during March Madness, so I think it’s a really unique spot for us,” Brunson told FOX Business about his partnership with the brand and its return to the court. “Most importantly, the best thing about BODYARMOR and my favorite part is our ‘Choose Better’ campaign. For us, it’s always about choosing better when it comes to hydration and everything that you do.”

The “Choose Better” campaign for BODYARMOR launched in April 2025, and this time, Brunson and Johnson are the ones urging all athletes, not just those on the March Madness stage, to make intentional changes to better themselves each and every day. 

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WARREN BUFFET EMPLOYEE WINS $1M MARCH MADNESS BRACKET CHALLENGE

For Brunson, playing in the intense atmosphere of the NBA means creating the best routine possible to get the most out of himself on gamedays. When asked where he starts, he focused on what he puts into his body.  

“Most importantly, it starts with hydration,” Brunson explained. “I think no matter what, when you’re hydrated, your muscles [and] your body feel good. Obviously, you need nutrition as well. That’s how you replenish throughout the game, through hydration. So, that’s how I choose better.”

Throughout this March Madness tournament, BODYARMOR products, which include towels, sports bottles and coolers, will be spotted on the court for all hydration purposes for the NCAA teams participating. There will also be BODYARMOR branding throughout broadcasts, digital platforms and in-arena signage during games.

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BODYARMOR and NCAA partnership

BODYARMOR is returning to college basketball as the official sports drink of the NCAA, starting with the 2026 March Madness tournament. (BODYARMOR / Fox News)

“The NCAA is home to the most exciting championships in college sports, starting with March Madness,” Tom Gargiulo, chief marketing officer at BODYARMOR, said in a statement. “As the Official Sports Drink of the NCAA, BODYARMOR is at the center of the biggest stage in college basketball.”

And while Brunson and Johnson take center stage with March Madness, the brand also teamed up with more than 20 NIL athletes from colleges and universities across the country to support digital and social media content. 

Johnson and Brunson are a part of a strong group of superstar partners with BODYARMOR, which includes NFL stars Joe Burrow and CeeDee Lamb. 

“My partnership with BODYARMOR has been amazing since day one. Very similar core values in how they operate and how I operate, so it’s been great,” Brunson said. “Obviously coming back with a sponsorship and partnership with NCAA March Madness – I think it’s going to be cool. 

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Flau'Jae Johnson drinks BODYARMOR

Flau’Jae Johnson drinks BODYARMOR, who she just partnered with ahead of the 2026 March Madness tournament. (BODYARMOR / Fox News)

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Brunson called his time on the March Madness court with Villanova “one of the most intense times in my life,” so choosing better is certainly what these athletes want to do to hoist the championship trophy like he did years ago. 

“Those times back in college and those championships, those were some of my favorite times,” he said.

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Florida property tax elimination for homeowners could start in 2027

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Florida property tax elimination for homeowners could start in 2027

A major reprieve from Florida’s property taxes may be coming much sooner than residents, lawmakers and real estate experts previously thought.

Last week, the state’s House advanced an amended HJR 203 bill that would effectively turn off the tax switch for homesteaded properties starting Jan. 1, 2027.

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“Florida’s success has been built on smart fiscal policy, economic opportunity and a very clear identity. Major tax reform should strengthen those pillars, not complicate them,” OneWorld Properties President and CEO Peggy Olin told Fox News Digital.

“From where I sit,” she continued, “working with buyers across the country and around the world, confidence in the state’s long-term stability matters just as much as any short-term savings. If Florida can deliver meaningful relief while maintaining strong infrastructure and services, it will continue to lead. And based on what I’ve seen over the past 25 years, when Florida gets the balance right, growth follows.”

FLORIDA CHAMBER C.E.O. SAYS HIGH-TAX STATES ARE IN A ‘DEATH SPIRAL’ AS $4M-AN-HOUR WEALTH MIGRATION ACCELERATES

Backed by Gov. Ron DeSantis, the bill — originally proposed in October — works toward the state’s long-discussed “zero tax” goal. The language of HJR 203 explains how homesteaded properties would stop paying city and county property taxes entirely but could still pay roughly 35% to 50% of their total bill in school taxes. So even though property tax bills won’t go to zero, they could be cut in half or more.

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Florida townhomes on small lake

Homes from an aerial view in Palm Beach Gardens, Florida, on Sunday, Jan. 11, 2026. (Getty Images)

The newly passed amendment removed a 10-year phased-in plan and instead offers a fast-track timeline for homeowners to see maximum savings in their first tax bill of 2027 if 60% of voters approve it on the 2026 midterm ballot.

“I’m generally supportive of thoughtful tax relief, as it’s part of what has made Florida such a powerful growth story over the past decade,” Olin argued. “Homestead protections are core to the state’s identity, and giving full-time residents breathing room is always appealing.”

“Infrastructure, public safety and services don’t disappear just because a revenue line does. The intention is strong to protect homeowners, but the execution has to be disciplined,” she expanded. “Florida’s competitive edge isn’t just low taxes; it’s quality of life. We have to preserve both.”

State economists have warned that the plan could dig a $14.8 billion hole annually for local governments, and critics worry that if cities lose billions in tax revenue, police officers or fire stations could lose staff.

However, a provision in the bill offers a public safety guarantee that cities would be legally required to fund police departments at 2024-2025 funding levels even if they have no money coming in from homeowners.

“Cities are very creative when it comes to revenue. A gap of that size rarely goes unaddressed,” Olin reacted. “In reality, if funding disappears in one area, it often reappears somewhere else, whether through fees, assessments, utilities or broader consumption taxes. So the question becomes whether homeowners see true net relief or simply a restructuring of costs.”

Olin also responded to whether eliminating taxes will cause home prices to spike if buyers can afford larger mortgages, and whether there is a risk that this tax cut actually makes it harder for the next generation of Floridians to buy a home.

“Real estate markets are efficient. If buyers suddenly have more purchasing power, prices can adjust, especially in supply-constrained areas like South Florida. But in my experience, property values here are driven far more by migration trends, global capital and limited inventory than by a single tax adjustment,” she said.

“Buyers aren’t moving to Florida solely because of property taxes. They’re coming for lifestyle, economic opportunity and overall tax predictability. That said, affordability at the entry level is already delicate. If relief simply gets absorbed into higher prices, first-time buyers could feel pressure,” Olin pointed out, “which means the larger conversation isn’t just tax policy. It’s supply, smart development and creating attainable housing options.”

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When it comes to who might benefit most from HJR 203, Olin offered a bullish outlook for high-net-worth, luxury Florida homeowners and impactful change for median buyers.

“In pure dollar terms, higher-value homeowners see larger savings because property taxes scale with property value. However, the emotional impact may be greatest for retirees and middle-class families on stable or fixed incomes. For someone who purchased years ago and has seen their assessed value climb, relief can feel meaningful — even if it’s not the largest dollar amount in the market.”

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Lord Mandelson arrested amid concerns he was ‘flight risk’

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Lord Mandelson arrested amid concerns he was ‘flight risk’

Peter Mandelson was arrested at his Regent’s Park home amid concerns he posed a potential flight risk, according to his legal team.

The former cabinet minister and peer was detained on Monday afternoon on suspicion of misconduct in public office, following allegations that sensitive government documents were leaked while he was serving as business secretary under Gordon Brown.

Police questioned Mandelson for several hours before releasing him on bail in the early hours of Tuesday morning. As part of his bail conditions, he was required to surrender his passport.

His lawyers said officers had previously agreed to interview him on a voluntary basis next month but moved to arrest him following what they described as a “baseless suggestion” that he was planning to relocate abroad.

In a statement, a spokesperson for Mandelson said: “There is absolutely no truth whatsoever in any suggestion that he was intending to leave the country permanently. His overriding priority is to cooperate fully with the police investigation and to clear his name.”

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Sources indicated that detectives from the Metropolitan Police Service acted after receiving new information over the weekend. Earlier this month, officers from the force’s Central Specialist Crime team executed search warrants at two properties linked to Mandelson and seized computers and documents for examination.

A source close to the investigation said the decision to arrest was taken for “clear operational reasons” after fresh intelligence came to light.

Mandelson has not been charged and denies any wrongdoing. The investigation remains ongoing.


Paul Jones

Harvard alumni and former New York Times journalist. Editor of Business Matters for over 15 years, the UKs largest business magazine. I am also head of Capital Business Media’s automotive division working for clients such as Red Bull Racing, Honda, Aston Martin and Infiniti.

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US stocks rise after getting a reminder of AI's potential upsides

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US stocks rise after getting a reminder of AI's potential upsides

US stocks rose Tuesday after getting a reminder that the artificial-intelligence boom may also have an upside.

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Lucid (LCID) Q4 2025 results

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Lucid (LCID) Q4 2025 results

A Lucid Gravity coming off the line at the company’s factory in Casa Grande, Arizona.

Lucid Group reported mixed fourth-quarter results Tuesday as the electric vehicle maker continues to face challenging market conditions and internal struggles.

The company widely missed Wall Street’s quarterly earnings expectations, while beating average revenue estimates by roughly 12%. It also revised its 2025 production results due to internal validation issues, but guided for a notable increase in vehicle production this year.

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Here’s how the company performed in the fourth quarter compared with average estimates compiled by LSEG:

  • Loss per share: $3.62 vs. a loss of $2.62 cents expected
  • Revenue: $523 million vs. $468 million expected

Lucid’s results come days after the company laid off 12% of its U.S. salaried workforce in an effort to streamline operations and “operate with greater efficiency and deliver on our commitments to gross margin improvement and long term growth,” according to a statement from the company.

Interim Lucid CEO Marc Winterhoff described the cuts Tuesday to CNBC as a needed realignment of the company’s workforce amid broader market and economic concerns as well as needed gains in efficiency.

“We are adjusting and going to a level where we think we want to be and need to be,” he said. “But it’s nothing that will continue in the future.”

For 2026, the company announced a vehicle production target of between 25,000 and 27,000 units. That would mark an increase of roughly 40% to 51% compared with the year-end figures the company released Tuesday.

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Lucid said the revision for the year — from 18,378 units to 17,840 units — came as “538 vehicles had not completed certain internal procedures required under its final validation process to be classified as produced.”

The company said the vehicles are expected to be completed this year, with the change not affecting its previously reported financial results.

Winterhoff described the expected growth as “healthy,” but not “outrageous” given the current slowdown in overall vehicle sales, including EVs.

“Our initial plans were higher, but we wanted to really be conservative and make sure that we are hitting the numbers that we are projecting,” he told CNBC.

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Inside Lucid’s high-stakes turnaround plan

Lucid is expected to begin production of a new, less expensive midsize vehicle at the end of this year, but Winterhoff said it will not be material to its 2026 production plans. He said the automaker’s Gravity SUV is expected to account for the majority of its production and sales this year, followed by the Air sedan. The company also plans to launch its first Lucid robotaxis with previously announced partners.

Winterhoff said the company’s main priorities this year are achieving its production target, growing sales, continuing efficiency gains and preparing for production of the midsize vehicle and robotaxis.

“We really want to make sure that we [are] on our path to profitability, make sure that we’re not spending money that we don’t have to. That’s very, very important,” he told CNBC.

Lucid has yet to say when the company expects to be profitable. It is scheduled to host an investor day on March 12 in New York.

Lucid said it ended last year with approximately $4.6 billion in total liquidity, which Lucid CFO Taoufiq Boussaid said was “strong” and would provide flexibility “to execute near-term objectives while investing in future growth.”

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Lucid reported a net loss of $2.7 billion in 2025, in line with a $2.71 billion loss a year earlier. That includes more than doubling its year-over-year losses during the fourth quarter to $814 million. It reported a loss of $12.09 per share for the year.

The company’s 2025 revenue was up 68% to $1.35 billion, including more than doubling year-over-year results during the fourth quarter.

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February consumer confidence improves on labor market expectations

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Walmart sales rise 5.6% as online reaches record 23% share

Consumer confidence ticked higher in February as American households’ expectations for the labor market improved.

The Conference Board’s consumer confidence index rose 2.2 points to 91.2 in February from an upwardly revised 89 in January. The January data was initially reported as 84.5, the lowest level since May 2014.

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Economists polled by LSEG estimated the February reading for the index would come in at 87.

FED’S FAVORED INFLATION GAUGE SHOWED CONSUMER PRICE GROWTH REMAINED ELEVATED IN DECEMBER

“Confidence ticked up in February after falling in January, as consumers’ pessimistic expectations for the future eased somewhat,” said Dana M. Peterson, chief economist at The Conference Board. 

“Four of five components of the Index firmed. Nonetheless, the measure remained well below the four-year peak achieved in November 2024,” Peterson added.

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People shopping in Walmart.

The Conference Board found that consumer confidence rose in February from the prior month, though it remains well below a 2024 peak. (Gabby Jones/Getty Images)

The Conference Board’s present situation index declined overall, with views of current business conditions dipping to 0.7%. 

Perceptions of employment conditions improved slightly, with the labor market differential, the share of consumers saying jobs are “plentiful” minus the share saying they’re “hard to get,” increasing by 0.6 percentage points to 7.4%.

All three components of the Conference Board’s expectations index increased slightly, with expectations for business and labor market conditions six months from now less negative than they were previously, while expectations for incomes were more positive.

US ECONOMY GREW SLOWER THAN EXPECTED IN FOURTH QUARTER

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Consumer confidence rose among Republicans and Independents, while it continued to decline for Democrats. (J. David Ake/Getty Images)

Younger consumers were the most optimistic among age groups, with their confidence ticking upward on a six-month moving average basis in February among those under the age of 35. Confidence edged lower among those age 35 and older.

While consumer confidence rose among Generation Z respondents, in line with the findings among those under 35, it declined across older generations included in the report.

Consumer confidence based on political affiliation rose among Republican and Independent voters in February after a decline in January, while Democrats were less optimistic than a month ago.

US ECONOMY ADDED 130K JOBS IN JANUARY, DELAYED REPORT SHOWS

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The report showed consumers were more confident about the labor market in February’s preliminary data. (Joe Raedle/Getty Images)

“Consumers’ write-in responses on factors affecting the economy continued to skew toward pessimism,” Peterson said. “Comments about prices, inflation and the cost of goods remained at the top of consumer’s minds.

“Mentions of trade and politics also increased in February. Labor market mentions eased a bit in February, while observations about immigration eased somewhat.”

Consumers’ views of their family’s current financial situation declined after surging unexpectedly in January in the final data, though expectations about their family’s future financial situation continued to be less optimistic.

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Plans to purchase big-ticket items in the next six months rose in February, with the share of respondents who replied “yes” and “maybe” increasing and the share of those saying “no” declining. Used cars, furniture, TVs and smartphones were the most popular items within their categories for future purchases.

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Packaging Stocks Are Today’s Leading Decliners. The Tariff Turmoil Doesn’t Help.

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Packaging Stocks Are Today’s Leading Decliners. The Tariff Turmoil Doesn’t Help.

Packaging Stocks Are Today’s Leading Decliners. The Tariff Turmoil Doesn’t Help.

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Domino’s Pizza Stock Rises After Earnings. The Chain Takes More Market Share.

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Domino’s Pizza Stock Rises After Earnings. The Chain Takes More Market Share.

Domino’s Pizza Stock Rises After Earnings. The Chain Takes More Market Share.

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