1 day ago
XRP shook off a sharp regulatory setback this week, climbing more than 7% over 24 hours to trade near $1.39 after briefly touching lows around $1.27.
The rebound followed a rocky 48 hours that combined a failed Senate vote with the Federal Reserve's first rate hike since 2023.
Cloture is the Senate procedure required to end debate and move a bill toward a final vote, needing 60 senators to succeed. On September 15, the CLARITY Act fell short in a narrow 50-49 tally, missing that threshold and stalling a proposed federal framework for digital **** ets.
XRP dropped more than 8% in the immediate aftermath, touching lows near $1.27 to $1.28. Pressure intensified the next day when the Fed raised its benchmark rate by 25 basis points to a range of 3.75% to 4.00%, a move that typically weighs on risk **** ets broadly.
The sell-off, however, proved short-lived. XRP has since rebounded to $1.39, up 7.23% over 24 hours, even as the token slipped slightly by 0.30% in the past hour. Trading volume held near $3.9 billion, close to its 30-day average, suggesting genuine buying rather than thin, low-liquidity trading.
#near #senate #since
The rebound followed a rocky 48 hours that combined a failed Senate vote with the Federal Reserve's first rate hike since 2023.
Cloture is the Senate procedure required to end debate and move a bill toward a final vote, needing 60 senators to succeed. On September 15, the CLARITY Act fell short in a narrow 50-49 tally, missing that threshold and stalling a proposed federal framework for digital **** ets.
XRP dropped more than 8% in the immediate aftermath, touching lows near $1.27 to $1.28. Pressure intensified the next day when the Fed raised its benchmark rate by 25 basis points to a range of 3.75% to 4.00%, a move that typically weighs on risk **** ets broadly.
The sell-off, however, proved short-lived. XRP has since rebounded to $1.39, up 7.23% over 24 hours, even as the token slipped slightly by 0.30% in the past hour. Trading volume held near $3.9 billion, close to its 30-day average, suggesting genuine buying rather than thin, low-liquidity trading.
#near #senate #since
3 days ago
The casual Mexican restaurant sector has faced a challenging year in 2026, as dining chains have closed underperforming locations, filed for Chapter 11 bankruptcy protection to reorganize their businesses, and in at least one case, filed for Chapter 7 liquidation to shut down all operations.
Once popular Mexican chain On the Border ceased operations in 2026, after closing all of its locations before its operating company, OTB Hospitality, filed for Chapter 7 liquidation on June 19, 2026, the company shared in a press release.
Another chain facing financial distress is Session Taco, a St. Louis-based casual Mexican dining chain, which closed one of its restaurant locations for the second time in seven months. The chain has not filed for bankruptcy.
The Mexican chain, originally branded Mission Taco Joint until a 2023 name change, closed its Sobremesa restaurant in St. Charles, Mo., on Sept. 13 after only three months of operation, according to its Facebook page.
The St. Charles location was previously branded as Session Taco until the company closed the restaurant on Feb. 13 to redesign and rebrand the restaurant as Sobremesa before reopening in June 2026.
#mexican #locations
Once popular Mexican chain On the Border ceased operations in 2026, after closing all of its locations before its operating company, OTB Hospitality, filed for Chapter 7 liquidation on June 19, 2026, the company shared in a press release.
Another chain facing financial distress is Session Taco, a St. Louis-based casual Mexican dining chain, which closed one of its restaurant locations for the second time in seven months. The chain has not filed for bankruptcy.
The Mexican chain, originally branded Mission Taco Joint until a 2023 name change, closed its Sobremesa restaurant in St. Charles, Mo., on Sept. 13 after only three months of operation, according to its Facebook page.
The St. Charles location was previously branded as Session Taco until the company closed the restaurant on Feb. 13 to redesign and rebrand the restaurant as Sobremesa before reopening in June 2026.
#mexican #locations
5 days ago
Broyhill ******* et Management, a Charlotte-based firm, issued its second-quarter 2026 investor letter, which is available for download here. The Broyhill Equity Composite gained 8.8% in Q2, trailing the MSCI All Country World Index's 15.1% and the MSCI ACWI Value Index's 10.8%. For the first half, the Composite returned 2.3%, versus 11.5% for the Index. The letter highlights that a significant portion of the shortfall occurred in April due to market dynamics and geopolitical events, with tech, particularly semiconductors, driving recent gains. Broyhill notes its lack of direct semiconductor exposure but acknowledges potential interest in the sector if opportunities arise, maintaining its investment philosophy focused on capital protection in fragile market conditions. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Broyhill ******* et Management highlighted First Citizens BancShares, Inc. (NASDAQ:FCNCA). First Citizens BancShares, Inc. (NASDAQ:FCNCA) operates as the holding company for First-Citizens Bank & Trust Company, providing retail and commercial banking services. On September 14, 2026, First Citizens BancShares, Inc. (NASDAQ:FCNCA) closed at $2,173.88 per share. Over the past month, First Citizens BancShares, Inc. (NASDAQ:FCNCA) declined 1.03%, but its shares are up 17.10% over the past year. First Citizens BancShares, Inc. (NASDAQ:FCNCA) has a market capitalization of $24.55 billion, and its stock has traded within a 52-week range of $1,623.76 to $2,296.30.
Broyhill ******* et Management stated the following regarding First Citizens BancShares, Inc. (NASDAQ:FCNCA) in its Q2 2026 investor letter:
"First Citizens BancShares, Inc. (NASDAQ:FCNCA), initiated in June, is a well-run company which we believe to be undervalued and with catalysts on the horizon. The company has retired almost 20% of its Class A shares since July 2024, and inside its roughly $25 billion market capitalization sits a rail leasing fleet of approximately 128,000 cars valued by the market at bank multiples. Management has proven themselves highly competent and highly aligned with shareholders, with the Holding family in key executive positions, owning over 20% of the economics and controlling roughly half the vote through their Class B shares. Much of what we are waiting on has a date attached to it: two separations have completed, and Masco and First Citizens are retiring shares at a pace that improves per-share value whether or not the multiples change."
#first #fcnca
In its second-quarter 2026 investor letter, Broyhill ******* et Management highlighted First Citizens BancShares, Inc. (NASDAQ:FCNCA). First Citizens BancShares, Inc. (NASDAQ:FCNCA) operates as the holding company for First-Citizens Bank & Trust Company, providing retail and commercial banking services. On September 14, 2026, First Citizens BancShares, Inc. (NASDAQ:FCNCA) closed at $2,173.88 per share. Over the past month, First Citizens BancShares, Inc. (NASDAQ:FCNCA) declined 1.03%, but its shares are up 17.10% over the past year. First Citizens BancShares, Inc. (NASDAQ:FCNCA) has a market capitalization of $24.55 billion, and its stock has traded within a 52-week range of $1,623.76 to $2,296.30.
Broyhill ******* et Management stated the following regarding First Citizens BancShares, Inc. (NASDAQ:FCNCA) in its Q2 2026 investor letter:
"First Citizens BancShares, Inc. (NASDAQ:FCNCA), initiated in June, is a well-run company which we believe to be undervalued and with catalysts on the horizon. The company has retired almost 20% of its Class A shares since July 2024, and inside its roughly $25 billion market capitalization sits a rail leasing fleet of approximately 128,000 cars valued by the market at bank multiples. Management has proven themselves highly competent and highly aligned with shareholders, with the Holding family in key executive positions, owning over 20% of the economics and controlling roughly half the vote through their Class B shares. Much of what we are waiting on has a date attached to it: two separations have completed, and Masco and First Citizens are retiring shares at a pace that improves per-share value whether or not the multiples change."
#first #fcnca
9 days ago
On Sep. 8, a federal jury in Alexandria, Virginia, convicted Jihoon Park for his role in an investment fraud scheme and defrauding a bankruptcy court.
Park used his personal relationships and his previous affiliation with a large financial institution to convince members of his community to let him invest their life savings and retirement money with a promise of high returns, as per court documents and evidence presented at trial.
Related: San Francisco billionaire slammed by Gen Z son over surveillance support
But he transferred over $2.5 million from the unsuspecting community members to himself to buy a house and cryptocurrency.
As a fraud victim sued Park, he transferred **** ets to his wife and hid crypto **** ets worth millions of dollars before filing for bankruptcy.
#park
Park used his personal relationships and his previous affiliation with a large financial institution to convince members of his community to let him invest their life savings and retirement money with a promise of high returns, as per court documents and evidence presented at trial.
Related: San Francisco billionaire slammed by Gen Z son over surveillance support
But he transferred over $2.5 million from the unsuspecting community members to himself to buy a house and cryptocurrency.
As a fraud victim sued Park, he transferred **** ets to his wife and hid crypto **** ets worth millions of dollars before filing for bankruptcy.
#park
10 days ago
President Donald Trump is making his mark on the U.S. economy. The Trump administration's tariff policies (including a trade war with Canada) and the war with Iran have driven up energy prices and contributed to accelerating inflation. This "Trumpflation" is driving up costs across the economy.
Research from the non-profit ****** ytics group Tax Foundation indicates that Trump-backed tariffs increased costs by about $1,000 per U.S. household in 2025 and $840 per household so far in 2026. Tariffs are import taxes levied on goods imported from other countries. Those costs are ultimately borne by U.S. businesses or are often passed on to American consumers.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Trump's war with Iran has caused major disruptions to global shipments of oil and natural gas from the strategically vital Strait of Hormuz. That has caused energy prices to go up in 2026. U.S. gasoline prices are back on the rise (but remain down somewhat from their March 2026 high), and diesel prices reached an all-time high national average of $5.897 per gallon as of Sept. 6, according to AAA research. Higher diesel costs are likely to lead to higher inflation for groceries and many consumer products on store shelves that rely on diesel-fueled trucks for distribution to retailers.
Trump seems unlikely to give up on his tariff policies anytime soon, and the Iran conflict might not truly "end" in 2026 or 2027. With an uncertain future of possibly higher inflation and higher energy prices, how should you invest?
#prices #higher #costs #NVIDIA
Research from the non-profit ****** ytics group Tax Foundation indicates that Trump-backed tariffs increased costs by about $1,000 per U.S. household in 2025 and $840 per household so far in 2026. Tariffs are import taxes levied on goods imported from other countries. Those costs are ultimately borne by U.S. businesses or are often passed on to American consumers.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Trump's war with Iran has caused major disruptions to global shipments of oil and natural gas from the strategically vital Strait of Hormuz. That has caused energy prices to go up in 2026. U.S. gasoline prices are back on the rise (but remain down somewhat from their March 2026 high), and diesel prices reached an all-time high national average of $5.897 per gallon as of Sept. 6, according to AAA research. Higher diesel costs are likely to lead to higher inflation for groceries and many consumer products on store shelves that rely on diesel-fueled trucks for distribution to retailers.
Trump seems unlikely to give up on his tariff policies anytime soon, and the Iran conflict might not truly "end" in 2026 or 2027. With an uncertain future of possibly higher inflation and higher energy prices, how should you invest?
#prices #higher #costs #NVIDIA
11 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Adjustable-rate mortgages (ARMs) can allow you to land a lower interest rate in today's high-rate environment. However, ARMs aren't without risk, and they're only right for certain borrowers in certain situations. Find out how ARMs work and whether this type of home loan is right for you.
ARMs behave like two different mortgages rolled into one loan agreement. It begins with a fixed-rate term, usually between five and 10 years. During this period, your interest rate and payment will remain the same.
After that, it converts to a variable-rate loan with an interest rate that can change (up or down) every six months or annually. This means your monthly mortgage payment also changes.
To fully understand how ARMs work, you need to understand what their formulas mean. For example, let's examine the "5/1" ARM:
#interest #right #understand
Adjustable-rate mortgages (ARMs) can allow you to land a lower interest rate in today's high-rate environment. However, ARMs aren't without risk, and they're only right for certain borrowers in certain situations. Find out how ARMs work and whether this type of home loan is right for you.
ARMs behave like two different mortgages rolled into one loan agreement. It begins with a fixed-rate term, usually between five and 10 years. During this period, your interest rate and payment will remain the same.
After that, it converts to a variable-rate loan with an interest rate that can change (up or down) every six months or annually. This means your monthly mortgage payment also changes.
To fully understand how ARMs work, you need to understand what their formulas mean. For example, let's examine the "5/1" ARM:
#interest #right #understand
0.00$ raised of 0.00$ goal
0 donations
0.00$
to go
17 days ago
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For millions of seniors across the country, Social Security is the bedrock of their retirement. After decades of paying into the system, these seniors are finally getting what they were promised: a steady and inflation-hedged stream of monthly payments.
On average, a retired beneficiary receives $2,085.98 a month from the program, according to the Social Security Administration's (SSA's) Monthly Statistical Snapshot for July (1). But the actual amount received by beneficiaries has a wide range depending on their age of claim, work history and other factors.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold
#seniors
For millions of seniors across the country, Social Security is the bedrock of their retirement. After decades of paying into the system, these seniors are finally getting what they were promised: a steady and inflation-hedged stream of monthly payments.
On average, a retired beneficiary receives $2,085.98 a month from the program, according to the Social Security Administration's (SSA's) Monthly Statistical Snapshot for July (1). But the actual amount received by beneficiaries has a wide range depending on their age of claim, work history and other factors.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold
#seniors
17 days ago
Artisan Partners, an investment management company, released its second-quarter 2026 investor commentary for the "Artisan Global Opportunities Strategy". The letter can be downloaded here. Global equities rebounded sharply during the quarter, with the MSCI ACWI Index returning 15.3% as resilient economic growth, strong corporate earnings, and continued enthusiasm around artificial intelligence supported markets despite persistent inflation, higher bond yields, and geopolitical uncertainty. The portfolio reported strong absolute returns of 12.65% (net) but underperformed the benchmark, mainly because of its underweight exposure to information technology and overweight position in health care. Strong stock selection in technology and energy partially offset these headwinds. The fund continues to see attractive long-term opportunities across AI infrastructure, health care and consumer internet, while remaining disciplined on valuation as several AI-related stocks have appreciated sharply. Management remains focused on durable franchises with identifiable profit cycles and attractive long-term earnings potential. Also, check the Strategy's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Artisan Global Opportunities Strategy highlighted Corning Incorporated (NYSE:GLW) as a new position. Corning Incorporated (NYSE:GLW) is a technology company that operates through optical communication, display technologies, environmental technologies, specialty materials, and life sciences business segments. On September 01, 2026, Corning Incorporated (NYSE:GLW) closed at $145.56 per share. Corning Incorporated (NYSE:GLW) declined 8.08% over the past month, while its shares gained 107.73% over the past 52 weeks. Corning Incorporated (NYSE:GLW) has a market capitalization of $125.38 billion with a 52-week trading range between $66.14 - $271.78.
Artisan Global Opportunities Strategy stated the following regarding Corning Incorporated (NYSE:GLW) in its Q2 2026 investor letter:
"During the quarter, we initiated positions in Corning Incorporated (NYSE:GLW). Corning and STMicroelectronics represent earlier stage semiconductor supply chain opportunities that we believe will see growing demand as AI infrastructure spending broadens beyond today's most obvious beneficiaries. In both cases, we see a potential opportunity for higher value, higher margin products as data centers require greater optical connectivity, semiconductor content and related infrastructure. Corning is a leading global supplier of specialty glass and optical connectivity solutions. We initiated a GardenSM position because we believe Corning is well positioned to meet rising optical connectivity needs as AI infrastructure shifts toward larger clusters and scale-up architectures. While we are not early to the story, we believe the company's fiber capacity, US-based manufacturing footprint and ability to deliver higher complexity optical solutions to hyperscaler
In its second-quarter 2026 investor letter, Artisan Global Opportunities Strategy highlighted Corning Incorporated (NYSE:GLW) as a new position. Corning Incorporated (NYSE:GLW) is a technology company that operates through optical communication, display technologies, environmental technologies, specialty materials, and life sciences business segments. On September 01, 2026, Corning Incorporated (NYSE:GLW) closed at $145.56 per share. Corning Incorporated (NYSE:GLW) declined 8.08% over the past month, while its shares gained 107.73% over the past 52 weeks. Corning Incorporated (NYSE:GLW) has a market capitalization of $125.38 billion with a 52-week trading range between $66.14 - $271.78.
Artisan Global Opportunities Strategy stated the following regarding Corning Incorporated (NYSE:GLW) in its Q2 2026 investor letter:
"During the quarter, we initiated positions in Corning Incorporated (NYSE:GLW). Corning and STMicroelectronics represent earlier stage semiconductor supply chain opportunities that we believe will see growing demand as AI infrastructure spending broadens beyond today's most obvious beneficiaries. In both cases, we see a potential opportunity for higher value, higher margin products as data centers require greater optical connectivity, semiconductor content and related infrastructure. Corning is a leading global supplier of specialty glass and optical connectivity solutions. We initiated a GardenSM position because we believe Corning is well positioned to meet rising optical connectivity needs as AI infrastructure shifts toward larger clusters and scale-up architectures. While we are not early to the story, we believe the company's fiber capacity, US-based manufacturing footprint and ability to deliver higher complexity optical solutions to hyperscaler
24 days ago
By Sinéad Carew and Johann M Cherian
Aug 26 (Reuters) - MSCI's global equities gauge barely rose on Wednesday after U.S. inflation data came in hotter than expected while investors waited for results from AI heavyweight Nvidia, and oil prices settled lower after a choppy session.
A senior Iranian source said on Wednesday that Iran and Oman are still working on the details of an agreement on the Strait of Hormuz, a vital energy conduit. Earlier, Iran's Revolutionary Guards said the two countries had agreed on how to share the waterway and its revenues. However, the Guards' spokesperson said the strait would not open unless the U.S. met Tehran's conditions.
Meanwhile, data showed annual U.S. inflation unexpectedly held steady in July and was well above the Federal Reserve's 2% target for the 65th straight month. Separate government data showed consumer spending decelerating modestly in July while personal incomes rose faster than inflation.
On Wall Street, the three main indexes closed slightly lower after the data.
#guards #july #rose #lower
Aug 26 (Reuters) - MSCI's global equities gauge barely rose on Wednesday after U.S. inflation data came in hotter than expected while investors waited for results from AI heavyweight Nvidia, and oil prices settled lower after a choppy session.
A senior Iranian source said on Wednesday that Iran and Oman are still working on the details of an agreement on the Strait of Hormuz, a vital energy conduit. Earlier, Iran's Revolutionary Guards said the two countries had agreed on how to share the waterway and its revenues. However, the Guards' spokesperson said the strait would not open unless the U.S. met Tehran's conditions.
Meanwhile, data showed annual U.S. inflation unexpectedly held steady in July and was well above the Federal Reserve's 2% target for the 65th straight month. Separate government data showed consumer spending decelerating modestly in July while personal incomes rose faster than inflation.
On Wall Street, the three main indexes closed slightly lower after the data.
#guards #july #rose #lower
25 days ago
Gabriel India has struck a joint venture deal with South Korea's HL Klemove as it accelerates its expansion beyond core components into advanced mobility and automotive electronics.
As part of the transaction, the Anand Group company will buy a 30% minus one share of the total paid up share capital of HL Klemove India for $98.4m.
In a stock exchange filing, Gabriel India said the alliance is a "significant step" in its "strategy to expand its presence across high-growth automotive segments and participate in the growing demand for autonomous driving solutions including advanced driver **** istance systems (ADAS), and automotive electronic products through this joint venture".
The JV will develop, manufacture and market a range of autonomous driving and automotive electronics offerings tailored for India, including radar modules, front cameras, LiDAR, and automated driving and parking control units that integrate ADAS software.
Beyond ADAS hardware and software, the partnership will also produce key electronic control and sensing products used across modern vehicle platforms – such as brake ECUs, steering ECUs, chassis control units and torque sensors.
#adas
As part of the transaction, the Anand Group company will buy a 30% minus one share of the total paid up share capital of HL Klemove India for $98.4m.
In a stock exchange filing, Gabriel India said the alliance is a "significant step" in its "strategy to expand its presence across high-growth automotive segments and participate in the growing demand for autonomous driving solutions including advanced driver **** istance systems (ADAS), and automotive electronic products through this joint venture".
The JV will develop, manufacture and market a range of autonomous driving and automotive electronics offerings tailored for India, including radar modules, front cameras, LiDAR, and automated driving and parking control units that integrate ADAS software.
Beyond ADAS hardware and software, the partnership will also produce key electronic control and sensing products used across modern vehicle platforms – such as brake ECUs, steering ECUs, chassis control units and torque sensors.
#adas
26 days ago
Several former Jersey Mike's executives and franchisees are reuniting at Dog Haus, betting the lessons they learned helping build the submarine sandwich giant can turn the fast-casual restaurant chain into a national powerhouse.
Dog Haus recently named former Jersey Mike's chief innovation officer James Field as chief marketing officer. He joins President and Chief Development Officer Chris Rigassio and Chief Operating Officer Garen Khodaverdian, both former Jersey Mike's franchisees.
The reunion follows Blackstone's January 2025 acquisition of a majority stake in Jersey Mike's in a deal valued at roughly $8 billion, according to SEC filings.
Field told FOX Business that the group could have pursued separate opportunities following the sale, but saw a chance to stay together and help scale Dog Haus, which currently operates roughly 60 locations.
Popular Beer Brand To Cut 220 Jobs As Production Shifts
#chief #officer #james
Dog Haus recently named former Jersey Mike's chief innovation officer James Field as chief marketing officer. He joins President and Chief Development Officer Chris Rigassio and Chief Operating Officer Garen Khodaverdian, both former Jersey Mike's franchisees.
The reunion follows Blackstone's January 2025 acquisition of a majority stake in Jersey Mike's in a deal valued at roughly $8 billion, according to SEC filings.
Field told FOX Business that the group could have pursued separate opportunities following the sale, but saw a chance to stay together and help scale Dog Haus, which currently operates roughly 60 locations.
Popular Beer Brand To Cut 220 Jobs As Production Shifts
#chief #officer #james
27 days ago
Quinbrook has selected GE Vernova to provide technology for the third stage of the Supernode battery energy storage system (BESS) project in Queensland, Australia, expanding its involvement to all three phases of the development.
The agreement will see GE Vernova deliver power conversion, plant controls, system integration and grid-connection support for stage three.
The Supernode site is located adjacent to the South Pine substation, a central component of Queensland's electricity transmission network. The facility stores electricity during times of surplus and dispatches it back into the grid when demand rises or renewable output fluctuates.
This process supports dependable power supply and allows for greater integration of renewable energy sources into the network.
The first and second stages, which also used GE Vernova technology, are now fully operational and are among the largest BESS facilities running in Australia's National Electricity Market.
#electricity #system #three #power
The agreement will see GE Vernova deliver power conversion, plant controls, system integration and grid-connection support for stage three.
The Supernode site is located adjacent to the South Pine substation, a central component of Queensland's electricity transmission network. The facility stores electricity during times of surplus and dispatches it back into the grid when demand rises or renewable output fluctuates.
This process supports dependable power supply and allows for greater integration of renewable energy sources into the network.
The first and second stages, which also used GE Vernova technology, are now fully operational and are among the largest BESS facilities running in Australia's National Electricity Market.
#electricity #system #three #power
28 days ago
By Tom Westbrook and Johann M Cherian
Aug 24 (Reuters) - The U.S. dollar hovered near multi-month lows on Monday in a market unsettled by the U.S. Treasury's promise to buy back more long-dated bonds, while traders awaited details of sanctions on Iran and for policy speeches this week in the U.S. and **** an.
Trade tensions weighed on the Canadian dollar, which weakened 0.5% to C$1.3836 per dollar, after Washington imposed 50% tariffs on Canadian goods, with Canada retaliating in kind.
With the dollar having slid broadly in recent days the euro was trading at $1.1665, down a touch on the day, but in sight of last week's three-month top.
Sterling was likewise marginally softer at $1.3628 but near its six-month high of $1.3675 also hit on Friday. The **** anese yen was a touch weaker at 159.25 per dollar.
#dollar #touch #johann #reuters
Aug 24 (Reuters) - The U.S. dollar hovered near multi-month lows on Monday in a market unsettled by the U.S. Treasury's promise to buy back more long-dated bonds, while traders awaited details of sanctions on Iran and for policy speeches this week in the U.S. and **** an.
Trade tensions weighed on the Canadian dollar, which weakened 0.5% to C$1.3836 per dollar, after Washington imposed 50% tariffs on Canadian goods, with Canada retaliating in kind.
With the dollar having slid broadly in recent days the euro was trading at $1.1665, down a touch on the day, but in sight of last week's three-month top.
Sterling was likewise marginally softer at $1.3628 but near its six-month high of $1.3675 also hit on Friday. The **** anese yen was a touch weaker at 159.25 per dollar.
#dollar #touch #johann #reuters
1 month ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Gold (GC=F) December futures opened at $4,391.40 per troy ounce on Wednesday, August 19, 2026, down 0.7% from Tuesday's closing price. The price of gold is up this morning at $4,479.90 per troy ounce as of 8:53 a.m. ET.
Gold opened lower Wednesday morning but rose in early trading as the U.S. dollar and Treasury yields pulled back slightly. The U.S. Dollar Index (DX-Y.NYB) was down 0.2%, while the benchmark CBOE Interest Rate 10 Year T No (^TNX) declined 0.4%. The 10-year yield still remains near its 12-month high, achieved on July 31.
Weakness in the U.S. dollar precedes the release of the FOMC's minutes from the July meeting. Investors will evaluate the minutes for hints on the Fed's short-term outlook for interest rates. That outlook is complicated by the ongoing conflict in the Middle East driving inflation risk, coupled with recent softness in retail sales.
CME FedWatch estimates a 67.4% probability that the Fed will not change interest rates at the September meeting. A rate increase pressures the gold price by making yield-bearing ****** ets look more attractive in comparison. The opposite is also true. Gold has gained more than 10% over the last three weeks as rate-hike expectations have declined.
#Gold #rate #july #opened
Gold (GC=F) December futures opened at $4,391.40 per troy ounce on Wednesday, August 19, 2026, down 0.7% from Tuesday's closing price. The price of gold is up this morning at $4,479.90 per troy ounce as of 8:53 a.m. ET.
Gold opened lower Wednesday morning but rose in early trading as the U.S. dollar and Treasury yields pulled back slightly. The U.S. Dollar Index (DX-Y.NYB) was down 0.2%, while the benchmark CBOE Interest Rate 10 Year T No (^TNX) declined 0.4%. The 10-year yield still remains near its 12-month high, achieved on July 31.
Weakness in the U.S. dollar precedes the release of the FOMC's minutes from the July meeting. Investors will evaluate the minutes for hints on the Fed's short-term outlook for interest rates. That outlook is complicated by the ongoing conflict in the Middle East driving inflation risk, coupled with recent softness in retail sales.
CME FedWatch estimates a 67.4% probability that the Fed will not change interest rates at the September meeting. A rate increase pressures the gold price by making yield-bearing ****** ets look more attractive in comparison. The opposite is also true. Gold has gained more than 10% over the last three weeks as rate-hike expectations have declined.
#Gold #rate #july #opened
1 month ago
Walmart (WMT) raised its full-year financial outlook after beating Wall Street estimates on both the top and bottom lines, but the stock fell 9% after US same-store sales slowed.
America's biggest retailer, often considered a bellwether for the industry, posted revenue growth of nearly 6% to $187.9 billion, above the roughly $186 billion expected, per Bloomberg consensus data. Adjusted earnings per share clocked in at $0.81, also higher than the $0.74 expected.
However, US same-store sales grew 2.6%, below Wall Street's forecast of 3.7%. This was the slowest pace of US same-store sales growth since Q4 of 2020.
Lower drug prices dragged down sales growth. Excluding health & wellness, which was negatively impacted by maximum fair price legislation that allows Medicare to negotiate drug prices, Walmart reported 3.4% same-store sales growth in core merchandise.
The company also noted it was lapping strong growth in GLP-1 adoption over the past two years.
#wall
America's biggest retailer, often considered a bellwether for the industry, posted revenue growth of nearly 6% to $187.9 billion, above the roughly $186 billion expected, per Bloomberg consensus data. Adjusted earnings per share clocked in at $0.81, also higher than the $0.74 expected.
However, US same-store sales grew 2.6%, below Wall Street's forecast of 3.7%. This was the slowest pace of US same-store sales growth since Q4 of 2020.
Lower drug prices dragged down sales growth. Excluding health & wellness, which was negatively impacted by maximum fair price legislation that allows Medicare to negotiate drug prices, Walmart reported 3.4% same-store sales growth in core merchandise.
The company also noted it was lapping strong growth in GLP-1 adoption over the past two years.
#wall
1 month ago
Greenhaven Road Capital, an investment management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The fund achieved an approximate 11% net return in the second quarter, indicating progress from the first quarter. Key changes to the portfolio will include lower concentration and increased investments with near-term catalysts, alongside a proactive stance on profit-taking. The focus will remain on owning strong businesses and conducting research that challenges consensus views, as several major investments are poised for significant events within the year. Despite declines in market multiples, underlying businesses continue to grow, suggesting a favorable positioning for returns. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Greenhaven Road Capital highlighted Liquidia Corporation (NASDAQ:LQDA). Liquidia Corporation (NASDAQ:LQDA) is a biopharmaceutical company, focusing on developing therapies for rare cardiopulmonary diseases. On August 14, 2026, Liquidia Corporation (NASDAQ:LQDA) closed at $74.44 per share. One-month return of Liquidia Corporation (NASDAQ:LQDA) was 0.26% and its shares gained 178.79% over the past 52 weeks. Liquidia Corporation (NASDAQ:LQDA) has a market capitalization of $6.66 billion.
Greenhaven Road Capital stated the following regarding Liquidia Corporation (NASDAQ:LQDA) in its Q2 2026 investor letter:
"Liquidia Corporation (NASDAQ:LQDA) — This is another special situation. The company has launched a successful drug but remains in a patent dispute that will determine how large their market can be. We purchased shares below where I believed they would settle even after an adverse trial outcome. The shares appreciated more than 30% before a verdict, so we realized a short-term gain and will revisit the investment after the decision."
Liquidia Corporation (NASDAQ:LQDA) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 41 hedge fund portfolios held Liquidia Corporation (NASDAQ:LQDA) at the end of the first quarter which was 44 in the previous quarter. While we acknowledge the potential of Liquidia Corporation (NASDAQ:LQDA) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#corporation
In its Q2 2026 investor letter, Greenhaven Road Capital highlighted Liquidia Corporation (NASDAQ:LQDA). Liquidia Corporation (NASDAQ:LQDA) is a biopharmaceutical company, focusing on developing therapies for rare cardiopulmonary diseases. On August 14, 2026, Liquidia Corporation (NASDAQ:LQDA) closed at $74.44 per share. One-month return of Liquidia Corporation (NASDAQ:LQDA) was 0.26% and its shares gained 178.79% over the past 52 weeks. Liquidia Corporation (NASDAQ:LQDA) has a market capitalization of $6.66 billion.
Greenhaven Road Capital stated the following regarding Liquidia Corporation (NASDAQ:LQDA) in its Q2 2026 investor letter:
"Liquidia Corporation (NASDAQ:LQDA) — This is another special situation. The company has launched a successful drug but remains in a patent dispute that will determine how large their market can be. We purchased shares below where I believed they would settle even after an adverse trial outcome. The shares appreciated more than 30% before a verdict, so we realized a short-term gain and will revisit the investment after the decision."
Liquidia Corporation (NASDAQ:LQDA) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 41 hedge fund portfolios held Liquidia Corporation (NASDAQ:LQDA) at the end of the first quarter which was 44 in the previous quarter. While we acknowledge the potential of Liquidia Corporation (NASDAQ:LQDA) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#corporation
1 month ago
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Social Security benefits look poised for a so-called "Trump **** p" in 2027.
But if that sounds like good news, it isn't.
In fact, some could call it a symptom of President Donald Trump's failed economic policy and geopolitical misadventures.
That's because the Trump **** p originates from Social Security's annual cost-of-living adjustment or COLA. Every year, the agency adjusts the benefit payments to keep up with cost-of-living increases, and this year inflation is hot enough to justify a larger adjustment.
#living #moneywise
Social Security benefits look poised for a so-called "Trump **** p" in 2027.
But if that sounds like good news, it isn't.
In fact, some could call it a symptom of President Donald Trump's failed economic policy and geopolitical misadventures.
That's because the Trump **** p originates from Social Security's annual cost-of-living adjustment or COLA. Every year, the agency adjusts the benefit payments to keep up with cost-of-living increases, and this year inflation is hot enough to justify a larger adjustment.
#living #moneywise
1 month ago
Amphenol Corporation (APH) is a global manufacturer of electrical, electronic, and fiber-optic connectivity products. Headquartered in Wallingford, Connecticut, the company's product portfolio spans connectors, cables, antennas, sensors, and circuit boards for a wide range of industries.
Amphenol's extensive product range has contributed to its growth into a company with an approximate market cap of $209.6 billion. Its stock performance has been notable, with a 50.9% increase over the past 52 weeks, significantly outperforming the S&P 500 Index ($SPX), which returned 20.6% in the same timeframe. The momentum continues into 2026, with APH stock up 22.7% year-to-date (YTD), outpacing the broader market's 13.9% rise.
Mark Cuban Says If You Win The Lottery, Don't Take The Lump Sum — And Tell People Who Ask for Money No, But 'Be Nice. No One Likes a Mean Billionaire'
JPMorgan Just Upgraded Salesforce Stock. Here's Why.
SpaceX Could Be Making $235 Billion From a Business It's Not Known For. SPCX Stock Investors Should Pay Attention.
#range #headquartered #wallingford
Amphenol's extensive product range has contributed to its growth into a company with an approximate market cap of $209.6 billion. Its stock performance has been notable, with a 50.9% increase over the past 52 weeks, significantly outperforming the S&P 500 Index ($SPX), which returned 20.6% in the same timeframe. The momentum continues into 2026, with APH stock up 22.7% year-to-date (YTD), outpacing the broader market's 13.9% rise.
Mark Cuban Says If You Win The Lottery, Don't Take The Lump Sum — And Tell People Who Ask for Money No, But 'Be Nice. No One Likes a Mean Billionaire'
JPMorgan Just Upgraded Salesforce Stock. Here's Why.
SpaceX Could Be Making $235 Billion From a Business It's Not Known For. SPCX Stock Investors Should Pay Attention.
#range #headquartered #wallingford
1 month ago
Stocks have entered valuation waters last seen during the dot-com craze of the late 1990s.
The S&P 500 (^GSPC) has hit its second-most expensive valuation in history, as measured by the Shiller P/E Ratio, better known as the CAPE ratio.
This valuation metric measures the price of a stock index relative to its average inflation-adjusted earnings over the previous 10 years.
As it stands today, the CAPE ratio far surpasses the Crash of 1929 and is only slightly behind the levels seen during the dot-com bubble. The CAPE ratio peaked at about 44.19 in November 1999, at the height of the internet bubble, then went on to plunge to 21 by January 2003.
The S&P 500, pushing to a fresh record this month, has sent its dividend yield to the lowest level in history at 1.04%, per Yahoo Finance AlphaSpace ****** ysis.
#ratio
The S&P 500 (^GSPC) has hit its second-most expensive valuation in history, as measured by the Shiller P/E Ratio, better known as the CAPE ratio.
This valuation metric measures the price of a stock index relative to its average inflation-adjusted earnings over the previous 10 years.
As it stands today, the CAPE ratio far surpasses the Crash of 1929 and is only slightly behind the levels seen during the dot-com bubble. The CAPE ratio peaked at about 44.19 in November 1999, at the height of the internet bubble, then went on to plunge to 21 by January 2003.
The S&P 500, pushing to a fresh record this month, has sent its dividend yield to the lowest level in history at 1.04%, per Yahoo Finance AlphaSpace ****** ysis.
#ratio
2 months ago
The S&P 500 Index ($SPX) (SPY) today is up +0.31%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +1.05%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.03%. September E-mini S&P futures (ESU26) are up +0.33%, and September E-mini Nasdaq futures (NQU26) are down -0.02%.
Stock indices are trading mixed today, with the S&P 500 and Dow Jones Industrials posting new all-time highs. Some positive corporate earnings results are supporting gains in stock indices today. Booking Holdings is up more than +7% after reporting better-than-expected Q2 gross bookings. Also, Amgen is up more than +5% after reporting stronger-than-expected Q2 EPS.
Jeff Bezos Says He's Selling $1 Billion In Amazon Stock Every Year to Fund Blue Origin — 'It's The Most Important Work I'm Doing'
Apple's New CEO Is Bringing a Familiar Face Back From Retirement. The Shift Is Happening.
Nasdaq Futures Climb as Tech Rally Continues on Palantir Boost, U.S. JOLTS Report and ****** eX Earnings on Tap
#futures #today #earnings #down
Stock indices are trading mixed today, with the S&P 500 and Dow Jones Industrials posting new all-time highs. Some positive corporate earnings results are supporting gains in stock indices today. Booking Holdings is up more than +7% after reporting better-than-expected Q2 gross bookings. Also, Amgen is up more than +5% after reporting stronger-than-expected Q2 EPS.
Jeff Bezos Says He's Selling $1 Billion In Amazon Stock Every Year to Fund Blue Origin — 'It's The Most Important Work I'm Doing'
Apple's New CEO Is Bringing a Familiar Face Back From Retirement. The Shift Is Happening.
Nasdaq Futures Climb as Tech Rally Continues on Palantir Boost, U.S. JOLTS Report and ****** eX Earnings on Tap
#futures #today #earnings #down
2 months ago
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#please #reference #page #denied
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2 months ago
Our **** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Management attributed the 18% year-over-year revenue growth to a rapid shift in market conditions favoring transportation providers, marking the first time since 2021 that Q2 volumes outpaced pre-pandemic seasonality.
The heavy haul service offering emerged as a primary growth engine, with revenue increasing 18% driven by robust demand in data center infrastructure, aerospace, and energy sectors.
BCO truck count showed its strongest quarterly improvement since early 2022, which management linked to a compelling variable pay model and structural improvements in the recruiting process.
The company reported a significant tightening in truck capacity, evidenced by a 14.4% sequential increase in truck revenue per load, the largest such jump in 15 years.
#revenue
Management attributed the 18% year-over-year revenue growth to a rapid shift in market conditions favoring transportation providers, marking the first time since 2021 that Q2 volumes outpaced pre-pandemic seasonality.
The heavy haul service offering emerged as a primary growth engine, with revenue increasing 18% driven by robust demand in data center infrastructure, aerospace, and energy sectors.
BCO truck count showed its strongest quarterly improvement since early 2022, which management linked to a compelling variable pay model and structural improvements in the recruiting process.
The company reported a significant tightening in truck capacity, evidenced by a 14.4% sequential increase in truck revenue per load, the largest such jump in 15 years.
#revenue
2 months ago
Before (SPCX) went public, I wrote that the extraordinary demand for its IPO might be the warning. The shares were priced at $135, climbed to $225.64, and closed Friday at $115.07. Investors who loved the stock six weeks ago now appear eager to sell it. The company has lost almost half its value since the high. Short sellers, meanwhile, are sitting on an estimated $15.5 billion of paper profits.
That first article was about scarcity and behavior. Too many investors chased too few shares, and the excitement around owning (SPCX) became more important than the price they paid.
When the stock returned to its IPO price, I wrote that $135 was not automatically a buy. An offering price is a number agreed upon during a sales process, not a declaration of fair value.
Both warnings have held up. But markets move, and the risk has now moved with them.
The dangerous crowd is no longer only the one that chased (SPCX) higher. It may now include the investors who believe the decline has become an easy one-way trade.
I still think (SPCX) is expensive. At Friday's price, the company is worth roughly $1.5 trillion. Aswath Damodaran, the NYU professor known as the dean of valuation, estimated its equity value at around $1.3 trillion before the IPO. His largest concern was the value being attached to the artificial-intelligence business, where the ***** umptions are much harder to defend than they are for Starlink or the launch operation. The bears have a case. My concern is that they are becoming too comfortable with it.
The Easy Part of the Short May Be Over
Around 360 million (SPCX) shares, representing roughly 56% of the freely traded stock, were out on loan earlier last week. Short sellers were not using the decline to take profits. According to Ortex, they were increasing their positions. That does not prove they are mistaken. Crowded trades can remain profitable for a long time. It does tell us what might happen if the news starts improving.
A short seller eventually has to buy the shares back. When a large part of the available stock has already been borrowed and sold, even a modest change in expectations can create demand from investors who are not buying because they suddenly love the company. They are buying because the trade is moving against them. This is the mirror image of the IPO. In June, investors were afraid they would miss the rise. Now short sellers are afraid they will miss the decline. A stock rising from $135 to $225 felt safer because other investors appeared to agree with the bullish story. A stock falling toward $115 makes the bearish argument feel more obvious because the price appears to confirm it. Price is evidence, but it is not always proof.
(SPCX)'s launch economics did not deteriorate by 49%. Starlink did not lose half its subscribers. The stock fell because expectations, positioning, and the supply of willing buyers changed.
#investors #price #shares #company
That first article was about scarcity and behavior. Too many investors chased too few shares, and the excitement around owning (SPCX) became more important than the price they paid.
When the stock returned to its IPO price, I wrote that $135 was not automatically a buy. An offering price is a number agreed upon during a sales process, not a declaration of fair value.
Both warnings have held up. But markets move, and the risk has now moved with them.
The dangerous crowd is no longer only the one that chased (SPCX) higher. It may now include the investors who believe the decline has become an easy one-way trade.
I still think (SPCX) is expensive. At Friday's price, the company is worth roughly $1.5 trillion. Aswath Damodaran, the NYU professor known as the dean of valuation, estimated its equity value at around $1.3 trillion before the IPO. His largest concern was the value being attached to the artificial-intelligence business, where the ***** umptions are much harder to defend than they are for Starlink or the launch operation. The bears have a case. My concern is that they are becoming too comfortable with it.
The Easy Part of the Short May Be Over
Around 360 million (SPCX) shares, representing roughly 56% of the freely traded stock, were out on loan earlier last week. Short sellers were not using the decline to take profits. According to Ortex, they were increasing their positions. That does not prove they are mistaken. Crowded trades can remain profitable for a long time. It does tell us what might happen if the news starts improving.
A short seller eventually has to buy the shares back. When a large part of the available stock has already been borrowed and sold, even a modest change in expectations can create demand from investors who are not buying because they suddenly love the company. They are buying because the trade is moving against them. This is the mirror image of the IPO. In June, investors were afraid they would miss the rise. Now short sellers are afraid they will miss the decline. A stock rising from $135 to $225 felt safer because other investors appeared to agree with the bullish story. A stock falling toward $115 makes the bearish argument feel more obvious because the price appears to confirm it. Price is evidence, but it is not always proof.
(SPCX)'s launch economics did not deteriorate by 49%. Starlink did not lose half its subscribers. The stock fell because expectations, positioning, and the supply of willing buyers changed.
#investors #price #shares #company
2 months ago
July 23 (Reuters) - Amkor Technology said on Thursday it had entered a multi-year agreement with Nvidia worth $1.5 billion to expand advanced semiconductor packaging and test capacity in the U.S., as the chip industry races to build out AI infrastructure.
Shares of the semiconductor packaging company jumped 17% in extended trading.
Here are a few details on the partnership:
• Under the agreement, Nvidia will make a prepayment to support the expansion of Amkor's U.S. advanced packaging operations, including capacity in Arizona.
• The companies will jointly develop packaging and testing technologies for Nvidia's AI and accelerated-computing platforms, focusing on combining different types of chips in a single package.
#july
Shares of the semiconductor packaging company jumped 17% in extended trading.
Here are a few details on the partnership:
• Under the agreement, Nvidia will make a prepayment to support the expansion of Amkor's U.S. advanced packaging operations, including capacity in Arizona.
• The companies will jointly develop packaging and testing technologies for Nvidia's AI and accelerated-computing platforms, focusing on combining different types of chips in a single package.
#july
2 months ago
Interested in IREN Limited? Here are five stocks we like better.
IREN Limited signed $2.8 billion in new AI cloud contracts, pushing its stock up nearly 20% and above $40 per share.
The deals raise IREN's 2026 annualized revenue target past $4 billion, with about 85% already under contract from clients like Microsoft and NVIDIA.
IREN funded its expansion with a $2.6 billion convertible notes offering and capped call transactions, though grid interconnection delays remain a key risk.
IREN Limited (NASDAQ: IREN) recently sent a signal to the broader equity markets. A $2.8 billion contract haul does not just change a quarterly earnings trajectory.
#iren #contract #interested #here
IREN Limited signed $2.8 billion in new AI cloud contracts, pushing its stock up nearly 20% and above $40 per share.
The deals raise IREN's 2026 annualized revenue target past $4 billion, with about 85% already under contract from clients like Microsoft and NVIDIA.
IREN funded its expansion with a $2.6 billion convertible notes offering and capped call transactions, though grid interconnection delays remain a key risk.
IREN Limited (NASDAQ: IREN) recently sent a signal to the broader equity markets. A $2.8 billion contract haul does not just change a quarterly earnings trajectory.
#iren #contract #interested #here
2 months ago
Interested in United Community Banks, Inc.? Here are five stocks we like better.
United Community Banks posted stronger second-quarter results, with operating EPS up 8% to $0.71 and revenue up 7% year over year. Net interest margin also improved to 3.68%, and management said loan growth is accelerating as the company refocuses on its core banking franchise.
The pending Navitas sale drove a large reserve release and boosted GAAP earnings, while also setting up some near-term margin pressure. United released a $38.5 million Navitas reserve, and management said selling the portfolio could reduce net interest margin by about 30 basis points on a static basis.
Organic loan growth improved to a 6.4% annualized pace, supported by hiring 37 net new producers since September and adding more experienced lenders. Management expects upper-single-digit loan growth next year, while deposits, credit quality, and capital levels remain stable.
United Community Banks (NYSE:UCB) reported higher second-quarter operating earnings and revenue, while executives said loan growth is accelerating as the company shifts focus back to its core banking franchise following the pending sale of Navitas.
#banks #year
United Community Banks posted stronger second-quarter results, with operating EPS up 8% to $0.71 and revenue up 7% year over year. Net interest margin also improved to 3.68%, and management said loan growth is accelerating as the company refocuses on its core banking franchise.
The pending Navitas sale drove a large reserve release and boosted GAAP earnings, while also setting up some near-term margin pressure. United released a $38.5 million Navitas reserve, and management said selling the portfolio could reduce net interest margin by about 30 basis points on a static basis.
Organic loan growth improved to a 6.4% annualized pace, supported by hiring 37 net new producers since September and adding more experienced lenders. Management expects upper-single-digit loan growth next year, while deposits, credit quality, and capital levels remain stable.
United Community Banks (NYSE:UCB) reported higher second-quarter operating earnings and revenue, while executives said loan growth is accelerating as the company shifts focus back to its core banking franchise following the pending sale of Navitas.
#banks #year
2 months ago
Federal Reserve Chairman Kevin Warsh is set to testify before both houses of Congress this week — appearing before the House Financial Services Committee on Tuesday and the Senate Banking Committee on Wednesday. The Fed chairman is mandated by law to appear before Congress twice a year.
Lawmakers are expected to pepper Warsh with questions about his outlook for the economy, inflation, and interest rates, but they shouldn't expect him to be very forthcoming. While Warsh doubled down on the central bank's commitment to bring down inflation during a recent panel in Portugal, he refused to offer any insights on the economy or the path for interest rates.
"I said I'm not going to give forward guidance because we're meeting in six weeks, but I have an update for you, we're meeting in four weeks," Warsh said on July 2.
"I want us to have a good family fight … When we get into that room and shut the door, we're going to have a good debate, but I don't have much more for you than that."
In its semiannual Monetary Policy Report, released Friday ahead of Warsh's first congressional appearance, the Fed told lawmakers it "will deliver price stability" amid higher inflation.
Lawmakers are expected to pepper Warsh with questions about his outlook for the economy, inflation, and interest rates, but they shouldn't expect him to be very forthcoming. While Warsh doubled down on the central bank's commitment to bring down inflation during a recent panel in Portugal, he refused to offer any insights on the economy or the path for interest rates.
"I said I'm not going to give forward guidance because we're meeting in six weeks, but I have an update for you, we're meeting in four weeks," Warsh said on July 2.
"I want us to have a good family fight … When we get into that room and shut the door, we're going to have a good debate, but I don't have much more for you than that."
In its semiannual Monetary Policy Report, released Friday ahead of Warsh's first congressional appearance, the Fed told lawmakers it "will deliver price stability" amid higher inflation.
2 months ago
By Scott Murdoch
July 10 (Reuters) - Global investment banks and brokerages leading SK Hynix's mega share sale earned nearly $260 million in fees, a boost for the industry which took in a relatively modest $500 million from ******* eX's record share sale last month.
The fees equate to about 0.97% of the total amount raised, SK Hynix's filings showed, meaning bankers earned more as a percentage of deal size than those who worked on SpaceX's initial public offering.
SpaceX bankers earned 0.67% or $500 million of the $75 billion in an IPO which eclipsed the previous record set by Saudi Aramco in 2019, as well as SK Hynix's U.S. listing this week.
Citigroup earned over $70 million from the SK Hynix sale, which was 20% more than other banks on the deal, said a person with direct knowledge of the matter, who declined to be identified when discussing confidential information.
July 10 (Reuters) - Global investment banks and brokerages leading SK Hynix's mega share sale earned nearly $260 million in fees, a boost for the industry which took in a relatively modest $500 million from ******* eX's record share sale last month.
The fees equate to about 0.97% of the total amount raised, SK Hynix's filings showed, meaning bankers earned more as a percentage of deal size than those who worked on SpaceX's initial public offering.
SpaceX bankers earned 0.67% or $500 million of the $75 billion in an IPO which eclipsed the previous record set by Saudi Aramco in 2019, as well as SK Hynix's U.S. listing this week.
Citigroup earned over $70 million from the SK Hynix sale, which was 20% more than other banks on the deal, said a person with direct knowledge of the matter, who declined to be identified when discussing confidential information.
2 months ago
Micron Technology Inc. (NASDAQ:MU) is one of the best QQQ Stocks to invest in. On July 6, Micron and Ford Motor Company (NYSE:F) announced a long-term strategic customer agreement to support the supply of memory and storage solutions for Ford's next-generation vehicles. The partnership aims to ensure supply continuity for high-performance automotive systems while supporting long product lifecycles.
To meet this demand, Micron Technology Inc. (NASDAQ:MU) is increasing the output of key automotive memory solutions and scaling its manufacturing capacity. These efforts include ongoing investments in domestic production, such as the expansion of advanced DRAM manufacturing at the company's facility in Manassas, Virginia.
Source: Micron Technology
Executives from both companies highlighted the importance of a resilient supply chain as vehicles become increasingly data-intensive and intelligent. The agreement underscores a mutual commitment to strengthening US infrastructure and enabling consistent, long-term support for the evolving automotive ecosystem.
Micron Technology Inc. (NASDAQ:MU) provides memory and storage solutions sold into client, cloud server, enterprise, graphics, networking, smartphone, mobile-device, automotive, industrial, and consumer markets, among others.
To meet this demand, Micron Technology Inc. (NASDAQ:MU) is increasing the output of key automotive memory solutions and scaling its manufacturing capacity. These efforts include ongoing investments in domestic production, such as the expansion of advanced DRAM manufacturing at the company's facility in Manassas, Virginia.
Source: Micron Technology
Executives from both companies highlighted the importance of a resilient supply chain as vehicles become increasingly data-intensive and intelligent. The agreement underscores a mutual commitment to strengthening US infrastructure and enabling consistent, long-term support for the evolving automotive ecosystem.
Micron Technology Inc. (NASDAQ:MU) provides memory and storage solutions sold into client, cloud server, enterprise, graphics, networking, smartphone, mobile-device, automotive, industrial, and consumer markets, among others.
2 months ago
As of market close on July 7, the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) are up 9.6% and 11.1% year to date (YTD), respectively, and hovering around all-time highs. The tech sector -- which makes up 38% of the index -- is largely responsible for the strong gains because it is up 24.5% YTD.
However, some noteworthy value stocks are doing even better than the tech-heavy S&P 500. Kimberly-Clark (NASDAQ: KMB) is up 13.7% YTD, and that's without even factoring in two $1.28 per share dividend payments. Earlier this year, Kimberly-Clark raised its dividend for the 54th consecutive year, retaining its spot on the list of Dividend Kings, which have at least 50 consecutive years of dividend increases.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Here's why Kimberly-Clark remains a great dividend stock to buy for the second half of the year.
Kimberly-Clark has a portfolio of leading household and personal care brands, many of which are paper-based. Its crown jewel is Huggies, which is the No. 2 diaper brand in the world behind Pampers. Other notable brands include Kleenex, Kotex, Scott, and Cottonelle.
However, some noteworthy value stocks are doing even better than the tech-heavy S&P 500. Kimberly-Clark (NASDAQ: KMB) is up 13.7% YTD, and that's without even factoring in two $1.28 per share dividend payments. Earlier this year, Kimberly-Clark raised its dividend for the 54th consecutive year, retaining its spot on the list of Dividend Kings, which have at least 50 consecutive years of dividend increases.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Here's why Kimberly-Clark remains a great dividend stock to buy for the second half of the year.
Kimberly-Clark has a portfolio of leading household and personal care brands, many of which are paper-based. Its crown jewel is Huggies, which is the No. 2 diaper brand in the world behind Pampers. Other notable brands include Kleenex, Kotex, Scott, and Cottonelle.
