Uncle Sam’s rare earth stake, Nike layoffs, five years of meme stocks and more in Morning Squawk

Here are five key things investors need to know to start the trading day.

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Pinterest laying off 15% of workforce in push toward AI roles and teams

The company said it’s “reallocating resources” to roles and teams focused on artificial intelligence.

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Blockbuster social media trial kicks off, with more to come this year

A landmark case against social media giants Meta, Alphabet’s YouTube and TikTok is set to begin Tuesday in Los Angeles Superior Court. 

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Upgrade to Microsoft Windows 11 Home for Just $10

You can now upgrade up to five computers to Microsoft Windows 11 Home for one low price and get a new sleek interface, advanced tools and enhanced security.
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Uber launches an ‘AV Labs’ division to gather driving data for robotaxi partners

Uber is not developing its own robotaxis again; instead it plans to collect and offer data. It’s a bet that more volume will help autonomous vehicle partners solve the weirdest edge cases.

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Meta inks deal to pay Corning up to $6 billion for fiber-optic cables in AI data centers

Corning, a 175-year-old glassmaker known for supplying iPhone glass, is now at the center of the AI infrastructure boom with a new type of fiber-optic cable

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Apple, Google host dozens of AI ‘nudify’ apps like Grok, report finds

A tech watchdog organization found 55 nudify apps on Google Play and 47 in the Apple App Store.

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Android 17 Leak Reveals Glassy Blur UI and New Screen Recorder

Fresh leaks from Telegram and X offer early glimpses of Android 17’s blur-heavy System UI, upgraded screen recording, app lock hints, and more.
The post Android 17 Leak Reveals Glassy Blur UI and New Screen Recorder appeared first on TechRepublic.

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Master AI, Python, and Java Development in Just 6 Courses for Only $25

Build job-ready coding skills and AI expertise with these beginner to intermediate hands-on training courses for just $24.99.
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Evoke posts strongest quarter but CEO slams UK Budget tax hikes

The gambling company evoke Plc has seen its strongest quarter of the year, with revenue reaching £464 million ($635 million) but the CEO highlights disappointment in the UK Budget which he says dealt a ‘significant blow to both evoke and the wider regulated industry.’
It was in November when the UK government announced several changes to gambling taxes, including an increase in remote gaming duty which is to rise from 21 to 40 percent, beginning in April 2026.
A creation of a new 25% general betting duty for online gambling has been created too, but this won’t come to fruition until April 2027. When this was announced, several gambling companies made their feelings known, including Flutter which acknowledged the “very significant impact on the overall market.”

Evoke (#EVOK) with a surprisingly positive update for their fourth quarter. Revenues of £464m up 7 QoQ, driven performance in Italy and Denmark.
For the full year 2025, revenue is expected to be around £1,786 million, a 2% increase year-over-year.
Adjusted EBITDA projected… pic.twitter.com/NboZvy9lvH
— Jordan (@jzrdan) January 27, 2026

Speaking on the latest quarter, Per Widerström, CEO of evoke, commented: “During Q4 we made good progress against our strategic plans, delivering our best quarter of the year and demonstrating the underlying momentum in the business.
“Our focus on core markets continued to drive our profitable growth, with Italy and Denmark both delivering record quarterly revenues in Q4. This positive momentum has continued into 2026 with a strong start to the year with good growth across all divisions.”
Evoke Q4 analysisEven with some encouraging figures, the business still ended up 3 percent lower than last year. Full-year revenue landed at £1.78 billion, which missed analysts’ expectations of £1.84 billion. The company also nudged down its adjusted pre-tax profit forecast to £355 million–£360 million, below its earlier guidance of £362 million, a sign it didn’t quite hit its own targets. Unsurprisingly, the market wasn’t impressed. When the update dropped, the shares fell by as much as 10%, showing clear investor disappointment.
Evoke sees revenue in Q4 reaching £464M
The company’s revenue in Q4 was up 7% quarter-over-quarter, but down 3% year-over-year which is said to be the result of the strong comparative period with operator friendly sporting results in the prior year.
The CEO continued to explain about the Budget: “While the strong strategic and financial progress we made throughout 2025 was encouraging, we were very disappointed with the outcome of the UK Budget in November that dealt a significant blow to both evoke and the wider regulated industry.
“We continue to believe these tax increases will negatively impact the industry’s economic contribution, customer protection, and will ultimately serve to support further growth in the illegal black market. As a result of these significant UK tax increases, the Board is assessing its strategic options, with a resolute focus on maximising shareholder value.”
The company is said to have moved quickly and decisively to execute on mitigation plans including the closure of retails stores that are no longer sustainable, as well as broader cost savings.
Featured Image: Via evoke Plc news page
The post Evoke posts strongest quarter but CEO slams UK Budget tax hikes appeared first on ReadWrite.

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