NFP, the Aon-owned property and casualty (P&C) broker and benefits consultant, has acquired Moores Insurance Management, a multi-disciplinary risk management company based in Minnesota, US.
Established in 1987, Moores works with high-net-worth (HNW) individuals and businesses in 43 states, offering P&C insurance services to both commercial and personal-risk clients.
Under the agreement, Moores CEO Mark Moores will take on the role of senior vice-president, commercial P&C at NFP, reporting to Amanda Ruback, the company's managing director of P&C for the central region.
NFP personal risk president Brett Woodward said: "Moores is a long-standing risk management firm and this addition further establishes our presence in the Minnesota market and positions us well to continue delivering P&C insurance solutions for high-net-worth and commercial clients."
Jack Moores, who serves as president of Moores, will join NFP as senior vice-president of personal lines.

#moores

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If you've dreamed of retiring early but don't have the financial means to build a massive retirement portfolio, you may be a candidate for the Lean FIRE movement.
Instead of building a bigger nest egg to support an expensive lifestyle, Lean FIRE encourages keeping your spending low so you need less to become financially independent. For those willing to embrace a more frugal lifestyle, that could put early retirement within reach sooner.
Here's a closer look at how Lean FIRE works and whether it's a realistic goal for you.
Lean FIRE — also known as LeanFI — is a version of the Financial Independence, Retire Early (FIRE) movement.

#lean #early #movement #instead

CNBC reported that Chris Churchman, The Goldman Sachs Group, Inc. (NYSE:GS) partner who leads the bank's Marquee digital platform for institutional clients, warned that AI's spread across Wall Street risks eroding the reasoning skills of the next generation of bankers.
Churchman said on Goldman's internal "Exchanges" podcast, "There's a huge danger here that in the era of AI, we outsource our reasoning to these models, and we have cognitive atrophy that stops us being able to reason from first principles ourselves." He compared it to how GPS and search engines eroded navigation skills and said much of banking's knowledge is learned only "by doing." Churchman said the firm has not yet determined how it will manage the transition.
The Goldman Sachs Group, Inc. (NYSE:GS) is surfacing this risk proactively, through its own senior AI leadership, rather than being caught off guard by it later. Having the executive who leads Marquee flag the danger publicly signals internal scrutiny that could help Goldman build safeguards into its AI rollout before problems show up in deal execution. It is an advantage over firms deploying AI without asking the same questions.
The near-term efficiency case for AI remains fully intact regardless of the long-term talent question. CNBC itself framed the tradeoff as a "devil's bargain" that could make the industry more profitable today while potentially eroding the talent it needs for tomorrow. It means Goldman still captures AI's productivity benefits now even as it works out the downstream risk.
Marquee itself is a genuine strategic **** et getting AI investment. The platform, through which hedge funds and other large institutional clients access Goldman's market data, research, **** ytics, and execution tools, is being built out with AI features, which positions it as a differentiated offering for Goldman's most valuable client relationships.

#churchman #marquee #cnbc #sachs

When Advanced Micro Devices (NASDAQ:AMD) announced its Anthropic partnership in late July, two commitments stood out. Anthropic agreed to deploy up to 2 gigawatts of AMD Instinct MI450 series graphics processing units (GPUs), with deployment of the first gigawatt set to begin in the first half of 2027. And AMD committed to invest up to $5 billion in the artificial intelligence (AI) company behind the Claude models.
The second commitment is about to get easier to measure. Anthropic plans to publish its initial public offering (IPO) prospectus after the Labor Day holiday on Monday, with a listing as soon as late September or early October, The Information reported late last month.
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 »
What does AMD hold today, then? Not a stake, at least not yet.
Image source: AMD.

#anthropic #signal #flashing #company

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No doubt you've seen an "FDIC-insured" or "Member FDIC" sign on the wall of a bank or at the bottom of a bank website homepage. Almost all banks, including online banks, are insured by the Federal Deposit Insurance Corporation (FDIC).
The FDIC is an independent government agency that insures money people deposit at a bank. If the bank fails, the FDIC repays up to $250,000 per person, per ownership category at each FDIC-insured bank.
The FDIC was created in 1933 in response to the turmoil of the 1929 stock market crash. Following the crash, people rushed to withdraw their money from banks. As a result of these bank runs, as many as 9,000 banks failed and $7 billion dollars in deposits were lost, wiping out the life savings of millions of Americans.
President Franklin D. Roosevelt signed the Banking Act of 1933, establishing the FDIC to restore trust in the US banking system. The FDIC reports that since then, no one has lost any FDIC-insured money due to a bank failure.

#fdic #bank #money #crash

(Bloomberg) -- Gold consolidated above $4,600 an ounce as investors weighed the Federal Reserve's approach to stubborn inflation ahead of the annual Jackson Hole gathering this week.
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#Gold #federal #hole #moves

MSFT earns a BUY with a $590 price target as Azure crosses $100B in annual revenue and Copilot surpasses 30 million paid seats.
AMZN trades at P/E 36 versus MSFT's 27 despite AWS growing slower than Azure's 43%, making the $590 target look conservative.
Full-year capex hit $116B while free cash flow fell 23%, but net income still grew 31%, making demand normalization the lone bear-case risk.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn't make the cut. Grab the names FREE today.
Microsoft has become the quiet outlier in the AI trade. While NVIDIA (NASDAQ:NVDA) absorbs the spotlight and hyperscaler rivals chase headlines, Microsoft (NASDAQ:MSFT) is quietly compounding the deepest enterprise AI moat in software.

#Microsoft #free #making #azure

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Achieved quarterly operating profitability for the first time, driven by economies of scale, favorable customer mix, and steady gains in operating efficiency.
SME customer segment grew 30% year-over-year, outperforming the overall company and improving gross margins due to the fragmented and diverse nature of SME procurement needs.
Shifted business model from 'sales-driven' to 'supply-driven,' leveraging improved product capabilities to recommend available inventory rather than simply fulfilling specific customer demands.
Accelerated specialized product growth in high-barrier categories, notably in semiconductors where GMV increased more than 100-fold year-over-year.

#driven #operating #product #achieved

Prediction markets price a 76% chance WMT beats earnings on August 20th, fueled by 26% eCommerce growth and a $30B buyback authorization.
Target has posted three straight quarters of sales declines while Walmart grew U.S. comps 4.1%, and Costco lacks Walmart's 37% advertising revenue engine.
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Walmart (NYSE:WMT) screens as a low-deliberation candidate for a retirement portfolio heading into the Aug. 20 pre-market earnings release, and the setup is not close. Prediction-market traders are pricing a 75.5% probability of an earnings beat, the operating engine is compounding, and the capital-return machine is at its most aggressive posture in years. This is the kind of business retirees are supposed to own, and the catalyst window is 24 hours away.
Management guided Q2 FY27 to adjusted EPS of 72 cents to 74 cents on 4% to 5% constant-currency sales growth. Q1 FY27 already ran hot, with revenue of $175.68 billion (+6.1% YoY), global eCommerce up 26%, advertising up 37%, and membership fee revenue up 17%. The macro backdrop cooperates: BEA data shows June 2026 food spending at $1.573 trillion versus $1.527 trillion a year earlier, exactly the volume tailwind Walmart converts into share gains.

#walmart #revenue #prediction #engine

Deoleo has said its two-biggest investors are reviewing their shareholdings in the world's largest olive-oil producer.
In a stock-exchange filing from Deoleo's CEO Cristóbal Valdés, the company pinpointed Ole Investments and the funds ASO Lux 3 and ASO Lux 4.
The Madrid-headquartered company said in the filing the investors and funds are "analysing potential strategic alternatives regarding their investment".
It added "these alternatives include the possible sale of all, or part of, the Deoleo Group's **** ets and businesses".
Deoleo explained the two ASO funds hold 12.307% and 28.684% of the olive-oil business, respectively. Ole Investments, described as the "majority shareholder", owns 50.996%, according to the filing.

#funds #Investments #olive

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.
Recurring revenue growth of 12.4% in Q4 was driven by a differentiated value proposition centered on a modern, unified platform for HCM, finance, and IT.
Average revenue per client (ARPU) increased by 5% to approximately $37,200, fueled by the expansion of the product portfolio and increased adoption of high-value modules.
The launch of Paylocity Ignite AI represents a strategic shift toward embedding agentic capabilities directly into core workflows to drive measurable productivity gains for clients.
Sales execution remained strong with the benefit broker channel consistently contributing more than 25% of new business due to a non-compete strategy on insurance products.

#arpu

Palantir's Rule of 40 score hit 155%, nearly four times the 40% benchmark, which has done much to dismantle critics' claims that it is merely an AI wrapper.
Palantir beat Q2 revenue estimates by $130 million, raised full-year guidance to $8.16 billion, and reported U.S. commercial revenue surging 149%.
Palantir's strategy of letting clients own AI model weights and infrastructure rather than renting third-party LLM access is driving its expanding commercial backlog.
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The AI trade has become a proving ground rather than a promise. Over the past year, investors have stopped rewarding companies simply for talking about artificial intelligence and started demanding evidence that AI can generate lasting revenue, expanding margins, and real competitive advantages.

#palantir #rather #expanding #free

By Mike Dolan
July 29 (Reuters) -
What matters in U.S. and global markets today
By Mike Dolan, Editor-at-Large, Finance and Markets
In a clear illustration of just how high the bar is for Big Tech to impress markets, South Korean chip giant SK Hynix plunged again as a ‌record six-fold jump in quarterly profits missed forecasts early on Wednesday.

#july

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Bryan Hipsher was named chief financial officer of Dow Jones, the professional news and services division within News Corp. that includes The Wall Street Journal and MarketWatch. Hipsher, who will join the company on Sept. 8, most recently spent seven years as CFO of Dun & Bradstreet. He earlier was a senior vice president of finance at Black Knight. He started his career at Fidelity National Financial and Fidelity Information Services. Hipsher replaces interim CFO Brian Carlesimo, who has been in the role since January. Carlesimo, who has been senior vice president of finance at Dow Jones since 2025, stepped in for Jared DiPalma when he became deputy CFO of News Corp.
Chanel has appointed Helene de Tissot as its ⁠new chief financial officer, starting in October. De Tissot will join the French luxury fashion company in October. For the last 23 years, she has worked at French distiller Pernod Ricard, the owner of spirits brands including Absolut vodka and Jameson whiskey. She has been executive vice president of finance and IT of Pernod Ricard since 2018, according to her LinkedIn profile. De Tissot succeeds Philippe Blondiaux, who is retiring at the end of the year. Blondiaux has been CFO since 2011.
Pernod Ricard promoted Mauve Croizat to EVP of finance and technology, effective Oct. 1, to succeed Helene de Tissot. Croizat has worked at Pernod Ricard for almost 20 years, where she has held senior leadership positions across finance, business development and general management in France, the U.S. and Sweden. She was most recently global senior vice president of transformation, a role she has held since 2023.
Sharon McCollam, president and chief financial officer of Albertsons, will retire later this year. The company is currently looking for her replacement, and McCollam will remain in her role at the food and drug retailer until her successor is named. She will then remain with the company in an advisory capacity until Feb. 27, 2027. McCollam retired from Best Buy in 2016, where she was EVP, chief administrative officer and CFO, before joining Albertsons in 2021. She previously held leadership positions at Williams-Sonoma, including chief operating officer and chief financial officer.

#financial

It has been an up-and-down year for Iren (NASDAQ: IREN), but the stock of the neocloud operator surged 20% on July 20 after it announced $2.8 billion in new contracts. The stock has more than doubled over the past year, but has also been cut nearly in half from its highs.
The average weighted length of Iren's new contracts is four years and includes deals with hyperscalers, frontier labs, artificial intelligence (AI) developers, and enterprises. It also said that its recent arrangements include prepayments covering approximately 45% of the cost of the graphics processing units (GPUs) to be used in the deployments.
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 »
In addition to its new contract announcements, Iren also increased its year-end AI cloud computing annual revenue run rate outlook to more than $4 billion, up from a prior target of $3.7 billion. The company is expanding aggressively. A year ago, it had a capacity of 3 megawatts, and it's expected to bring that total to 480 megawatts in 2026 and 1.2 gigawatts in 2027. Despite its growth, it said demand continues to exceed its planned capacity additions.
Iren is one of a handful of former Bitcoin miners that have shifted their focus toward AI data centers. While at first this shift may seem like a red flag, it actually does make a lot of strategic sense.

#billion #total #Stock

Jean-Marc Payet/Getty Images
French VC is on track for its best fundraising year since 2023, but one fund has done most of the work.
According to PitchBook's Q2 2026 France Market Snapshot, French VC raised €2.4 billion (about $2.7 billion) in the first half of this year, already surpassing the €1.7 billion raised in the whole of 2025.
Paris-based biopharma investor Jeito Capital's $1.2 billion close of Jeito II in March accounts for more than 40% of that total.
Another large biopharma fundraise was the €215 million close of Kurma Biofund IV in April, backed by Eurazeo, the Australian pharmaceutical company CSL, the European Investment Fund, and Bpifrance.

#billion #french #fund #year

Leading financial services firm Wells Fargo has raised the price target on Western Digital (WDC), the pure-play hard disk drive (HDD) company. Highlighting strong demand visibility as the core rationale of its bullish thesis for the stock, the firm has raised its price target on the same to $730 from $575, while reiterating its "Overweight" rating. This implies a potential upside of about 31% from current levels.
The latest price target increase comes just about a month later, when on June 1, the firm had upped the price target to $575.
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