1 month ago
My husband and I recently learned about an estate plan that I believe could leave him with little or none of his parents' inheritance, while their plan for long-term care remains murky. Could you give us your two cents?
They have two children: my husband, 47, and his older brother, 57. His parents, both 80 and in excellent health, own their home outright and have about $600,000 in a brokerage account, in addition to pensions and Social Security.
'People in the U.S. need to wake up': As a mortgage loan officer, I rejected applications from wealthy couples. Here's why.
Google makes a fresh bet on nuclear power as the AI energy crunch intensifies
The parents originally bought their home to be close to the older brother and his family. My husband and I live on the East Coast. He is a few years from retiring from the military and plans to work as a contractor afterward. We both expect to work for at least another 10 years. He has a good relationship with his parents and visits three times a year to help care for them.
#plan
They have two children: my husband, 47, and his older brother, 57. His parents, both 80 and in excellent health, own their home outright and have about $600,000 in a brokerage account, in addition to pensions and Social Security.
'People in the U.S. need to wake up': As a mortgage loan officer, I rejected applications from wealthy couples. Here's why.
Google makes a fresh bet on nuclear power as the AI energy crunch intensifies
The parents originally bought their home to be close to the older brother and his family. My husband and I live on the East Coast. He is a few years from retiring from the military and plans to work as a contractor afterward. We both expect to work for at least another 10 years. He has a good relationship with his parents and visits three times a year to help care for them.
#plan
2 months ago
On August 5, Cencora (NYSE:COR) reported results for its fiscal third quarter, which closed on June 30, and the headline numbers looked clean. Revenue rose 5.1% to $84.8 billion, adjusted earnings per share climbed 12.0% to $4.48, and management raised its full-year adjusted EPS outlook to $17.75 to $17.95. The company also repurchased $1 billion of its own stock during the quarter. But the profit story has moving parts, and a few of them pull in opposite directions.
Start with the gap between profit growth and sales growth. Adjusted operating income rose 17.0% while revenue grew only 5.1%. Much of the help came from gross profit, which jumped 23.2% on an adjusted basis as both segments contributed and the OneOncology acquisition in February lifted margins in the US business. In plain terms, adjusted gross margin widened 61 basis points to 4.16%, so the company keeps more gross profit from every dollar it sells.
The strength was not confined to one corner, either. US Healthcare Solutions grew operating income 15.9% on higher pharmaceutical sales and the OneOncology deal, while specialty volume to health systems and physician groups lifted its revenue. International Healthcare Solutions did better still, with operating income up 20.8% on strength in European distribution and global specialty logistics. Management also put cash to work, completing in one quarter the $1 billion of buybacks it had expected to finish by the close of calendar 2026. The board declared a $0.60 quarterly dividend as well, payable August 31, to holders of record on August 14.
Growth is costing more than it first appears. Adjusted operating expenses jumped 26.8%, faster than adjusted gross profit, because OneOncology brought expenses along with its profits. Even so, adjusted operating income amounts to just 1.46% of revenue, a thin cushion on a business this large. Financing adds weight too. Cencora funded part of the purchase with new senior notes plus variable-rate term loans, and net interest expense rose $58.9 million from a year earlier.
The sales mix carries its own drag. GLP-1 drugs for diabetes and weight loss are adding to revenue, but they earn lower gross margins, so each dollar of that growth is worth less to profit. Meanwhile, an oncology customer Cencora lost in 2025, and lower sales to a large mail order customer both held back US revenue, as did lower manufacturer prices on some brand pharmaceuticals. Cencora is also exploring strategic alternatives for a group of other businesses, and its April divestiture of US Consulting Services trimmed consulting sales.
#adjusted #revenue #august
Start with the gap between profit growth and sales growth. Adjusted operating income rose 17.0% while revenue grew only 5.1%. Much of the help came from gross profit, which jumped 23.2% on an adjusted basis as both segments contributed and the OneOncology acquisition in February lifted margins in the US business. In plain terms, adjusted gross margin widened 61 basis points to 4.16%, so the company keeps more gross profit from every dollar it sells.
The strength was not confined to one corner, either. US Healthcare Solutions grew operating income 15.9% on higher pharmaceutical sales and the OneOncology deal, while specialty volume to health systems and physician groups lifted its revenue. International Healthcare Solutions did better still, with operating income up 20.8% on strength in European distribution and global specialty logistics. Management also put cash to work, completing in one quarter the $1 billion of buybacks it had expected to finish by the close of calendar 2026. The board declared a $0.60 quarterly dividend as well, payable August 31, to holders of record on August 14.
Growth is costing more than it first appears. Adjusted operating expenses jumped 26.8%, faster than adjusted gross profit, because OneOncology brought expenses along with its profits. Even so, adjusted operating income amounts to just 1.46% of revenue, a thin cushion on a business this large. Financing adds weight too. Cencora funded part of the purchase with new senior notes plus variable-rate term loans, and net interest expense rose $58.9 million from a year earlier.
The sales mix carries its own drag. GLP-1 drugs for diabetes and weight loss are adding to revenue, but they earn lower gross margins, so each dollar of that growth is worth less to profit. Meanwhile, an oncology customer Cencora lost in 2025, and lower sales to a large mail order customer both held back US revenue, as did lower manufacturer prices on some brand pharmaceuticals. Cencora is also exploring strategic alternatives for a group of other businesses, and its April divestiture of US Consulting Services trimmed consulting sales.
#adjusted #revenue #august
2 months ago
Coherent jumped 6% and Lumentum climbed 5% with no catalyst, driven by short covering after both stocks fell sharply over the prior month.
SOXX gained only 2% and SPY just 0.3%, making the optics group's surge a positioning-only bounce confined to the sector, not a broad re-rating.
Just released. Our ******* ysts combed the entire stock market and named the ten best stocks to buy right now, and Coherent didn't make the cut. Enter your email to see the names that beat COHR. The report is free. Enter your email and see if any of your stocks made the cut.
Optics stocks are rebounding Wednesday morning without a fresh headline to point to, and the size of the group's move relative to the broader market is the story. The iShares Semiconductor ETF (NASDAQ:SOXX) is at $508.59, up 2%, while the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is at $759.69, up just 0.3%. The three optics names running today are outpacing both benchmarks by a wide margin.
Coherent Corp. (NYSE:COHR) stock is up 6% to $287.21 in Wednesday morning trading. The bounce arrives after a rough stretch. Coherent shares had fallen 12% over the past month heading into today's session, and that drawdown is the part of the setup that hasn't been undone.
#optics
SOXX gained only 2% and SPY just 0.3%, making the optics group's surge a positioning-only bounce confined to the sector, not a broad re-rating.
Just released. Our ******* ysts combed the entire stock market and named the ten best stocks to buy right now, and Coherent didn't make the cut. Enter your email to see the names that beat COHR. The report is free. Enter your email and see if any of your stocks made the cut.
Optics stocks are rebounding Wednesday morning without a fresh headline to point to, and the size of the group's move relative to the broader market is the story. The iShares Semiconductor ETF (NASDAQ:SOXX) is at $508.59, up 2%, while the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is at $759.69, up just 0.3%. The three optics names running today are outpacing both benchmarks by a wide margin.
Coherent Corp. (NYSE:COHR) stock is up 6% to $287.21 in Wednesday morning trading. The bounce arrives after a rough stretch. Coherent shares had fallen 12% over the past month heading into today's session, and that drawdown is the part of the setup that hasn't been undone.
#optics
2 months ago
NVDA's $5 trillion market cap matches every Forbes 400 billionaire combined but equals just one-tenth of private business owners' $50 trillion collective wealth.
Jensen Huang guided Q3 revenue to $108 billion and projects 70% fiscal 2028 growth, calling the outlook supply-constrained against a $2 trillion cloud backlog.
Economist Owen Zidar estimates 3 million private business owners hold $50 trillion, a figure that dwarfs the $15 trillion held by all 3,795 global billionaires combined.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
On Marketplace Morning Report, economist Owen Zidar delivered a number that reframes how investors should think about American wealth. Asked how much the country's hidden business-owner class actually holds, he answered: "We estimate that there are around 3 million everywhere millionaires who are business owners outside of tech and finance who have at least $5 million" and "Collectively it's around $50 trillion, which is enormous. The Forbes 400 only has about a tenth of that."
#trillion #business #million #combined
Jensen Huang guided Q3 revenue to $108 billion and projects 70% fiscal 2028 growth, calling the outlook supply-constrained against a $2 trillion cloud backlog.
Economist Owen Zidar estimates 3 million private business owners hold $50 trillion, a figure that dwarfs the $15 trillion held by all 3,795 global billionaires combined.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
On Marketplace Morning Report, economist Owen Zidar delivered a number that reframes how investors should think about American wealth. Asked how much the country's hidden business-owner class actually holds, he answered: "We estimate that there are around 3 million everywhere millionaires who are business owners outside of tech and finance who have at least $5 million" and "Collectively it's around $50 trillion, which is enormous. The Forbes 400 only has about a tenth of that."
#trillion #business #million #combined
2 months ago
On August 6, The RealReal (NASDAQ:REAL) reported second quarter results that beat its own outlook and pushed the resale luxury marketplace to raise its full year guidance. Gross merchandise value hit an all time high of $617 million, up 22% from a year earlier, and management pointed to four straight quarters of GMV growth above 20%. But a wider net loss sitting next to those record numbers complicates the story for anyone weighing the stock today.
The headline number is GMV of $617 million for the quarter ended June 30, up 22% year over year, with total revenue climbing 17% to $193 million. Consignment revenue grew 15% while Direct Revenue, the company's owned inventory channel, grew 26%, showing both sides of the business contributing to the acceleration. Profitability moved in the same direction. Gross margin reached 74.4%, up 10 basis points from a year ago, and Adjusted EBITDA margin jumped to 7%, a 290 basis point improvement that management called nearly 300 basis points of expansion.
The buyer base backs up the growth story rather than just the pricing. Trailing twelve-month active buyers rose 11% to 1,107,000, and average order value climbed 13% to $659, meaning existing shoppers are spending meaningfully more per transaction, not just showing up more often. That combination gave management enough confidence to raise full-year guidance to $2.54 billion to $2.57 billion in GMV and $788 million to $797 million in total revenue, alongside third-quarter Adjusted EBITDA guidance of $13.5 million to $14.5 million.
Despite the operating improvements, GAAP losses widened. Net loss came in at $27 million, or 14.1% of total revenue, compared to $11 million, or 6.9% of total revenue, a year earlier. GAAP basic net loss per share was $0.23 versus $0.10 in the prior year period, and diluted net loss per share was $0.23 versus $0.13. Much of that swing traces to a $(18.6) million non-cash adjustment tied to the change in fair value of warrant liability, a factor unrelated to how the underlying business performed. On a non-GAAP basis, basic and diluted net loss per share actually narrowed to $0.01 from $0.06, underscoring how much of the GAAP gap is accounting rather than operations.
There is also a transparency wrinkle in the guidance itself. The RealReal said it has not reconciled its forward-looking Adjusted EBITDA figures to GAAP net income or loss, citing components like payroll tax expense on employee stock transactions that it cannot predict with reasonable certainty. That leaves investors trusting a non-GAAP target without the usual bridge back to the bottom line.
#adjusted
The headline number is GMV of $617 million for the quarter ended June 30, up 22% year over year, with total revenue climbing 17% to $193 million. Consignment revenue grew 15% while Direct Revenue, the company's owned inventory channel, grew 26%, showing both sides of the business contributing to the acceleration. Profitability moved in the same direction. Gross margin reached 74.4%, up 10 basis points from a year ago, and Adjusted EBITDA margin jumped to 7%, a 290 basis point improvement that management called nearly 300 basis points of expansion.
The buyer base backs up the growth story rather than just the pricing. Trailing twelve-month active buyers rose 11% to 1,107,000, and average order value climbed 13% to $659, meaning existing shoppers are spending meaningfully more per transaction, not just showing up more often. That combination gave management enough confidence to raise full-year guidance to $2.54 billion to $2.57 billion in GMV and $788 million to $797 million in total revenue, alongside third-quarter Adjusted EBITDA guidance of $13.5 million to $14.5 million.
Despite the operating improvements, GAAP losses widened. Net loss came in at $27 million, or 14.1% of total revenue, compared to $11 million, or 6.9% of total revenue, a year earlier. GAAP basic net loss per share was $0.23 versus $0.10 in the prior year period, and diluted net loss per share was $0.23 versus $0.13. Much of that swing traces to a $(18.6) million non-cash adjustment tied to the change in fair value of warrant liability, a factor unrelated to how the underlying business performed. On a non-GAAP basis, basic and diluted net loss per share actually narrowed to $0.01 from $0.06, underscoring how much of the GAAP gap is accounting rather than operations.
There is also a transparency wrinkle in the guidance itself. The RealReal said it has not reconciled its forward-looking Adjusted EBITDA figures to GAAP net income or loss, citing components like payroll tax expense on employee stock transactions that it cannot predict with reasonable certainty. That leaves investors trusting a non-GAAP target without the usual bridge back to the bottom line.
#adjusted
2 months ago
On September 3, VersaBank (NASDAQ:VBNK) reported its results for the third quarter ended July 31, 2026.
The quarter marked another period of record credit **** ets, revenue, and net interest income. Strong growth was supported by continued momentum in the company's Structured Receivable Program (SRP) in the United States and steady growth in Canada.
Fiscal 2026 is proving to be a breakout year for the company in terms of top-line growth and the company expects the momentum to accelerate further in fiscal 2027 based on continued expansion of its US SRP business and the launch of its Real-Time SRP, which the company describes as a breakthrough in point-of-sale industry funding.
After the quarter ended, VersaBank (NASDAQ:VBNK) also achieved a very noteworthy milestone as it surpassed $7 billion in total **** ets for the first time. The company's business continues to expand and it said it is increasingly realizing the operating leverage of its cloud-based, branchless, business-to-business model. Net income rose 53% year-over-year, while adjusted (core) net income increased 27%.
A key part of the bullish case for VersaBank (NASDAQ:VBNK) is the continued expansion of its SRP portfolio in the US. The company set a fiscal 2027 target of at least $3 billion in new SRP fundings on its own balance sheet and also pointed to significant additional upside potential.
#versabank #business #fiscal
The quarter marked another period of record credit **** ets, revenue, and net interest income. Strong growth was supported by continued momentum in the company's Structured Receivable Program (SRP) in the United States and steady growth in Canada.
Fiscal 2026 is proving to be a breakout year for the company in terms of top-line growth and the company expects the momentum to accelerate further in fiscal 2027 based on continued expansion of its US SRP business and the launch of its Real-Time SRP, which the company describes as a breakthrough in point-of-sale industry funding.
After the quarter ended, VersaBank (NASDAQ:VBNK) also achieved a very noteworthy milestone as it surpassed $7 billion in total **** ets for the first time. The company's business continues to expand and it said it is increasingly realizing the operating leverage of its cloud-based, branchless, business-to-business model. Net income rose 53% year-over-year, while adjusted (core) net income increased 27%.
A key part of the bullish case for VersaBank (NASDAQ:VBNK) is the continued expansion of its SRP portfolio in the US. The company set a fiscal 2027 target of at least $3 billion in new SRP fundings on its own balance sheet and also pointed to significant additional upside potential.
#versabank #business #fiscal
2 months ago
The trust fund underpinning Social Security's finances is scheduled to dry up in 2032, putting millions of retirees at risk of benefit cuts by the end of the next president's term. Some Republicans are starting to break with the party's longstanding opposition to tax increases to address the problem.
"We've got too many people who say, 'Well, we have to stay within the current income level or stay at the current tax rate,'" Rep. Tom Cole of Oklahoma, chair of the House Appropriations Committee, told the Washington Post in an interview. "I'm willing to look at the tax rate. I am willing to raise the amount of income through tax."
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
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#stay #current
"We've got too many people who say, 'Well, we have to stay within the current income level or stay at the current tax rate,'" Rep. Tom Cole of Oklahoma, chair of the House Appropriations Committee, told the Washington Post in an interview. "I'm willing to look at the tax rate. I am willing to raise the amount of income through tax."
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
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#stay #current
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2 months ago
With a market cap of $79.7 billion, Synopsys, Inc. (SNPS) is a leading provider of design automation and design IP solutions for the semiconductor and electronics industries. It also offers pre-verified, silicon-proven IP solutions including processors, security IP, SoC infrastructure, and automotive-focused offerings.
Companies valued at more than $10 billion are generally considered "large-cap" stocks, and Synopsys fits this criterion perfectly. Operating through its Design Automation and Design IP segments, the company delivers advanced tools for digital and custom IC design, verification, FPGA design, TCAD, manufacturing ***** ytics, and AI-driven electronic design automation (EDA).
Nvidia CEO Jensen Huang Says His $3.5 Billion MediaTek Deal Is 'Not Circular' Because 'They Do Their Own Business'
Strategy's Strategy Appears to Have Failed, and the Outlook of MSTR Stock Is Unfavorable
A Potential ***** eX Deal Could Meaningfully Accelerate Growth for Technip Stock
#synopsys #Companies
Companies valued at more than $10 billion are generally considered "large-cap" stocks, and Synopsys fits this criterion perfectly. Operating through its Design Automation and Design IP segments, the company delivers advanced tools for digital and custom IC design, verification, FPGA design, TCAD, manufacturing ***** ytics, and AI-driven electronic design automation (EDA).
Nvidia CEO Jensen Huang Says His $3.5 Billion MediaTek Deal Is 'Not Circular' Because 'They Do Their Own Business'
Strategy's Strategy Appears to Have Failed, and the Outlook of MSTR Stock Is Unfavorable
A Potential ***** eX Deal Could Meaningfully Accelerate Growth for Technip Stock
#synopsys #Companies
2 months ago
2 months ago
PPLI's annual fees ranging from 2 to 4 percent erase most tax benefits unless you fund the policy with at least $5 million in premiums.
IRS investor-control rules bar policyholders from directing any trades or pre-arranging investments, surrendering full portfolio control to their adviser.
The same ***** et-location logic that PPLI sells for between 2% and 4% annually is available free through existing 401(k), IRA, and Roth accounts.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
The pitch is seductive. Put your hedge funds, private credit, and private real estate inside a life insurance policy, let it compound tax-free for decades, then pass the proceeds to your kids income-tax-free at death. Jim White, founder of Great Oak Wealth Management, told The Wall Street Journal it is "a Roth IRA on steroids for people who can afford it and want to leave it to their heirs."
#control #Portfolio
IRS investor-control rules bar policyholders from directing any trades or pre-arranging investments, surrendering full portfolio control to their adviser.
The same ***** et-location logic that PPLI sells for between 2% and 4% annually is available free through existing 401(k), IRA, and Roth accounts.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
The pitch is seductive. Put your hedge funds, private credit, and private real estate inside a life insurance policy, let it compound tax-free for decades, then pass the proceeds to your kids income-tax-free at death. Jim White, founder of Great Oak Wealth Management, told The Wall Street Journal it is "a Roth IRA on steroids for people who can afford it and want to leave it to their heirs."
#control #Portfolio
2 months 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.
According to the Zillow lender marketplace, mortgage rates are much higher today, following continued escalation in the Middle East.
The average 30-year fixed rate today, Wednesday, September 2, 2026, is 6.74%, up 15 basis points since yesterday. The 15-year fixed loan is currently 6.16%, 16 basis points higher than yesterday. The 5/1 ARM is 6.46%, up 24 basis points from Tuesday.
Read more: Weekly survey of mortgage lenders with the lowest rates: Minor pricing changes
Here are the current mortgage rates for Wednesday, September 2, 2026, according to the latest Zillow data:
#wednesday #september #higher
According to the Zillow lender marketplace, mortgage rates are much higher today, following continued escalation in the Middle East.
The average 30-year fixed rate today, Wednesday, September 2, 2026, is 6.74%, up 15 basis points since yesterday. The 15-year fixed loan is currently 6.16%, 16 basis points higher than yesterday. The 5/1 ARM is 6.46%, up 24 basis points from Tuesday.
Read more: Weekly survey of mortgage lenders with the lowest rates: Minor pricing changes
Here are the current mortgage rates for Wednesday, September 2, 2026, according to the latest Zillow data:
#wednesday #september #higher
3 months 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.
Mortgage rates have been higher in the last few years. But where are rates headed in the next five years, and should you wait for mortgage rates to fall significantly before buying or refinancing? Mortgage interest rates are determined by several factors, all of which can give us clues about the future. Let's take a closer look at mortgage rate predictions over the next five years.
Here are the housing market predictions for 2026.
One of the most useful indicators for predicting mortgage rates is the yield on the 10-year U.S. Treasury note. Mortgage rates and 10-year Treasury yields typically move in the same direction, although mortgage rates are usually higher because lenders factor in additional risks. This difference between the two is known as the spread, and we'll account for that when estimating where mortgage rates could go.
With that in mind, the first step is to look at where economists believe Treasury yields are headed over the next five years. To build a forecast, we'll combine expert economic projections with data compiled using artificial intelligence.
#higher #headed
Mortgage rates have been higher in the last few years. But where are rates headed in the next five years, and should you wait for mortgage rates to fall significantly before buying or refinancing? Mortgage interest rates are determined by several factors, all of which can give us clues about the future. Let's take a closer look at mortgage rate predictions over the next five years.
Here are the housing market predictions for 2026.
One of the most useful indicators for predicting mortgage rates is the yield on the 10-year U.S. Treasury note. Mortgage rates and 10-year Treasury yields typically move in the same direction, although mortgage rates are usually higher because lenders factor in additional risks. This difference between the two is known as the spread, and we'll account for that when estimating where mortgage rates could go.
With that in mind, the first step is to look at where economists believe Treasury yields are headed over the next five years. To build a forecast, we'll combine expert economic projections with data compiled using artificial intelligence.
#higher #headed
3 months ago
The sticker price on the world's most important chipmaker is high, but the multiple you are actually paying two years from now is another story entirely.
With its data center revenue growing 92% year-over-year, it is no surprise that NVIDIA (NVDA) commands a premium. The stock trades at about 30.7 times its last twelve months of earnings, a multiple that gives many investors pause. But that headline figure is not the price a patient holder is really paying.
The Discount That Time Delivers
Look two years out, and the picture changes completely. Based on the earnings **** ysts expect by fiscal year 2028, today's share price of about $208.48 is only about 16.2 times those future earnings. That is a 47% lower multiple than the trailing one, a discount that materializes as earnings grow into the price. A small part of this drop comes from comparing trailing adjusted earnings to forward consensus estimates, which are not defined identically, but the bulk of it reflects expected growth. For an investor with a multi-year horizon, you are effectively buying the business at that lower future multiple.
And NVIDIA is far from alone: which 10 S&P 500 stocks carry the biggest hidden forward discount? Our rankings sort the entire index by how little you are really paying for each name's growth once the out-year earnings land.
#year
With its data center revenue growing 92% year-over-year, it is no surprise that NVIDIA (NVDA) commands a premium. The stock trades at about 30.7 times its last twelve months of earnings, a multiple that gives many investors pause. But that headline figure is not the price a patient holder is really paying.
The Discount That Time Delivers
Look two years out, and the picture changes completely. Based on the earnings **** ysts expect by fiscal year 2028, today's share price of about $208.48 is only about 16.2 times those future earnings. That is a 47% lower multiple than the trailing one, a discount that materializes as earnings grow into the price. A small part of this drop comes from comparing trailing adjusted earnings to forward consensus estimates, which are not defined identically, but the bulk of it reflects expected growth. For an investor with a multi-year horizon, you are effectively buying the business at that lower future multiple.
And NVIDIA is far from alone: which 10 S&P 500 stocks carry the biggest hidden forward discount? Our rankings sort the entire index by how little you are really paying for each name's growth once the out-year earnings land.
#year
3 months 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.
Deposit account rates are on the decline. The good news: You can lock in a competitive return on a certificate of deposit (CD) today and preserve your earning power. In fact, the best CDs still pay rates of 4% or higher. Read on for a snapshot of CD rates today and where to find the best offers.
CDs today typically offer rates significantly higher than traditional savings accounts. Currently, the best short-term CDs (six to 12 months) generally offer rates around 4% to 4.5% APY.
Today, Wednesday, August 26, 2026, the highest CD rate is 4.30%. Synchrony Bank offers this rate on its 16-month CD, and Marcus by Goldman Sachs offers it on its 18-month CD.
The following is a look at some of the best CD rates available today from our verified partners:
#rates #rate
Deposit account rates are on the decline. The good news: You can lock in a competitive return on a certificate of deposit (CD) today and preserve your earning power. In fact, the best CDs still pay rates of 4% or higher. Read on for a snapshot of CD rates today and where to find the best offers.
CDs today typically offer rates significantly higher than traditional savings accounts. Currently, the best short-term CDs (six to 12 months) generally offer rates around 4% to 4.5% APY.
Today, Wednesday, August 26, 2026, the highest CD rate is 4.30%. Synchrony Bank offers this rate on its 16-month CD, and Marcus by Goldman Sachs offers it on its 18-month CD.
The following is a look at some of the best CD rates available today from our verified partners:
#rates #rate
3 months ago
Last Updated: Aug. 24, 2026 at 7:49pm ET
8월. 24일 오전 6:23 New York 시간
By
Renae Dyer, Dow Jones Newswires
Bitcoin is increasingly trading as both a risk-sensitive ****** et and a hedge against fiscal and monetary policy uncertainty, Zaye Capital Markets ****** yst Naeem Aslam said in a note.
#renae #capital
8월. 24일 오전 6:23 New York 시간
By
Renae Dyer, Dow Jones Newswires
Bitcoin is increasingly trading as both a risk-sensitive ****** et and a hedge against fiscal and monetary policy uncertainty, Zaye Capital Markets ****** yst Naeem Aslam said in a note.
#renae #capital
3 months ago
(Bloomberg) -- Crypto's true believers suddenly have a spring in their step again.
Most Read from Bloomberg
US Oil Refiners Face Import Squeeze From Biggest Foreign Seller
Nvidia Customers Notified About AI-Related Price Hikes Above 15%
Leavitt Says She'll Return to MAGA Inc. After White House
#biggest #customers
Most Read from Bloomberg
US Oil Refiners Face Import Squeeze From Biggest Foreign Seller
Nvidia Customers Notified About AI-Related Price Hikes Above 15%
Leavitt Says She'll Return to MAGA Inc. After White House
#biggest #customers
3 months ago
Bitcoin's price volatility has been on full display in recent months, rebounding sharply from a stretch of sharp price swings. However, many investors see price slumps as a buying opportunity — not an exit sign.
If you want to purchase bitcoin, there's good news. It's no longer a chaotic financial frontier experiment — it's fast, regulated, and integrated into institutional finance.
New to bitcoin? Here's everything you need to know.
There are several ways to buy bitcoin. You can go through a crypto exchange, a fintech app, or a traditional brokerage that will allow you to buy into a bitcoin ETF.
Before placing a trade, though, decide what you actually want: full ownership of your bitcoin and private keys — or easy price exposure inside a familiar, regulated system.
#want #regulated #however
If you want to purchase bitcoin, there's good news. It's no longer a chaotic financial frontier experiment — it's fast, regulated, and integrated into institutional finance.
New to bitcoin? Here's everything you need to know.
There are several ways to buy bitcoin. You can go through a crypto exchange, a fintech app, or a traditional brokerage that will allow you to buy into a bitcoin ETF.
Before placing a trade, though, decide what you actually want: full ownership of your bitcoin and private keys — or easy price exposure inside a familiar, regulated system.
#want #regulated #however
3 months ago
Eagle Capital Management, an investment management company, released its second quarter 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, Eagle Capital Management discussed how enthusiasm around AI capital spending has driven strong S&P 500 earnings growth while also increasing risks from elevated valuations, concentrated demand, and aggressive investment **** umptions. Eagle remains a strong believer in AI but prefers constructing a portfolio that can perform across multiple outcomes rather than relying on one forecast. The firm believes current earnings can overstate underlying economics because semiconductor equipment is depreciated over several years, while free cash flow growth remains much weaker. It also expects competition and additional capacity across AI labs, hyperscalers, and semiconductors to eventually create winners and losers. These dynamics are encouraging Eagle to recycle capital toward attractive opportunities outside the most crowded AI trades while maintaining selective exposure to high quality beneficiaries. The portfolio trades at a 20% market discount with faster expected EPS growth. Please review the Strategy's top five holdings for key selections.
In its second-quarter 2026 investor letter, Eagle Capital Management highlighted NVIDIA Corporation (NASDAQ:NVDA). NVIDIA Corporation (NASDAQ:NVDA) is a leading data center-scale AI infrastructure company that operates through Compute & Networking and Graphics segments. On August 18, 2026, NVIDIA Corporation (NASDAQ:NVDA) closed at $219.74 per share. The one-month return of NVIDIA Corporation (NASDAQ:NVDA) was 3.62% and its shares gained 25.28% over the past 52 weeks. NVIDIA Corporation (NASDAQ:NVDA) has a market capitalization of $5.32 trillion.
Eagle Capital Management stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its Q2 2026 investor letter:
"NVIDIA Corporation (NASDAQ:NVDA) has dominated the market for Al accelerator chips and has become the most profitable company in the U.S. However, its largest customers have internal silicon programs that are likely to reduce NVIDIA's share over time. Google TPUs and Amazon's Trainium chips are the most competitive, but Microsoft, Meta, OpenAl, and Anthropic all have programs in various stages. When the market was small, custom programs were uneconomic. At today's scale, R&D can be amortized across the larger base. Moreover, NVIDIA's 75-80% gross margin implies it is marking up Taiwan Semiconductor ("TSMC") wafers by 4-5x. Custom programs don't have to be as good as NVIDIA to offer better price/performance to the end customer.
NVIDIA is investing in the neocloud industry to support demand for its chips and weaken hyperscalers' position. Ironically, by selling its chips at high prices, it makes the neoclouds high-cost operators, and therefore less likely to succeed against vertically integrated hyperscalers over the long term. As NVIDIA's market share crests and begins to fall, ma
In its second-quarter 2026 investor letter, Eagle Capital Management highlighted NVIDIA Corporation (NASDAQ:NVDA). NVIDIA Corporation (NASDAQ:NVDA) is a leading data center-scale AI infrastructure company that operates through Compute & Networking and Graphics segments. On August 18, 2026, NVIDIA Corporation (NASDAQ:NVDA) closed at $219.74 per share. The one-month return of NVIDIA Corporation (NASDAQ:NVDA) was 3.62% and its shares gained 25.28% over the past 52 weeks. NVIDIA Corporation (NASDAQ:NVDA) has a market capitalization of $5.32 trillion.
Eagle Capital Management stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its Q2 2026 investor letter:
"NVIDIA Corporation (NASDAQ:NVDA) has dominated the market for Al accelerator chips and has become the most profitable company in the U.S. However, its largest customers have internal silicon programs that are likely to reduce NVIDIA's share over time. Google TPUs and Amazon's Trainium chips are the most competitive, but Microsoft, Meta, OpenAl, and Anthropic all have programs in various stages. When the market was small, custom programs were uneconomic. At today's scale, R&D can be amortized across the larger base. Moreover, NVIDIA's 75-80% gross margin implies it is marking up Taiwan Semiconductor ("TSMC") wafers by 4-5x. Custom programs don't have to be as good as NVIDIA to offer better price/performance to the end customer.
NVIDIA is investing in the neocloud industry to support demand for its chips and weaken hyperscalers' position. Ironically, by selling its chips at high prices, it makes the neoclouds high-cost operators, and therefore less likely to succeed against vertically integrated hyperscalers over the long term. As NVIDIA's market share crests and begins to fall, ma
3 months ago
In 2025, 87% of borrowers paid higher than the best available mortgage rate for their credit profile — often because they didn't shop around, according to Bankrate's Hidden Homeownership Tax research.
Refinancing can lower your interest rate and cut thousands of dollars off the total cost of your loan.
Staying with your current lender out of convenience can mean paying a hidden "loyalty tax." Below, we break down when sticking with your lender pays off and when it costs you.
You can refinance with your current lender or switch to a new one — there's no rule requiring you to do either. The real question isn't whether you're allowed to change lenders (you are); it's whether it's the smarter move for your finances.
That decision comes down to more than just comparing your current lender's offer against the competition. Whether you're thinking of refinancing to tap into home equity or snag a lower rate, here's how to weigh the convenience of staying put against what you might be leaving on the table by not shopping around.
#rate #current #lender
Refinancing can lower your interest rate and cut thousands of dollars off the total cost of your loan.
Staying with your current lender out of convenience can mean paying a hidden "loyalty tax." Below, we break down when sticking with your lender pays off and when it costs you.
You can refinance with your current lender or switch to a new one — there's no rule requiring you to do either. The real question isn't whether you're allowed to change lenders (you are); it's whether it's the smarter move for your finances.
That decision comes down to more than just comparing your current lender's offer against the competition. Whether you're thinking of refinancing to tap into home equity or snag a lower rate, here's how to weigh the convenience of staying put against what you might be leaving on the table by not shopping around.
#rate #current #lender
3 months ago
London BTC Company Ltd (LSE:BTC, OTCQB: VINZF) is expanding the scope of its Nevada exploration strategy to include antimony, adding exposure to the US-designated critical mineral alongside the gold and silver potential already identified across its growing project portfolio.
The company's antimony will now form part of ongoing exploration targeting in Nevada, where London BTC has ***** embled a portfolio of early-stage precious metals projects through its wholly owned US subsidiary, Tethered Gold LLC.
The move broadens a strategy that has so far concentrated on gold and silver, with recent work producing high-grade surface results from several projects.
At the Amonett-Frank Gold-Silver Project in Pershing County, recent ***** ays returned gold grades of up to 143.1 grams per tonne (g/t), the highest recorded to date across London BTC's US portfolio.
Black Star has also returned surface ***** ays of up to 16.23 g/t gold and 50.5 g/t silver, with mineralisation identified across 2 target areas separated by around 2.5 kilometres.
#london
The company's antimony will now form part of ongoing exploration targeting in Nevada, where London BTC has ***** embled a portfolio of early-stage precious metals projects through its wholly owned US subsidiary, Tethered Gold LLC.
The move broadens a strategy that has so far concentrated on gold and silver, with recent work producing high-grade surface results from several projects.
At the Amonett-Frank Gold-Silver Project in Pershing County, recent ***** ays returned gold grades of up to 143.1 grams per tonne (g/t), the highest recorded to date across London BTC's US portfolio.
Black Star has also returned surface ***** ays of up to 16.23 g/t gold and 50.5 g/t silver, with mineralisation identified across 2 target areas separated by around 2.5 kilometres.
#london
3 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 14% year-over-year increase in first-half adjusted EBITDA to disciplined fuel pricing and the benefits of a more diversified earning base.
The retail segment faced a challenging consumer backdrop in June, with sentiment reaching historic lows and high fuel prices influencing purchasing behavior.
Despite retail demand softening, the company expanded merchandise margins by 110 basis points through disciplined category management and vendor-supported promotions.
The 'dealerization' program remains a core strategic pivot, converting 21 retail stores to dealer locations this quarter to move toward a lower-cost, more capital-efficient operating model.
#retail #NVIDIA #tell
Management attributed the 14% year-over-year increase in first-half adjusted EBITDA to disciplined fuel pricing and the benefits of a more diversified earning base.
The retail segment faced a challenging consumer backdrop in June, with sentiment reaching historic lows and high fuel prices influencing purchasing behavior.
Despite retail demand softening, the company expanded merchandise margins by 110 basis points through disciplined category management and vendor-supported promotions.
The 'dealerization' program remains a core strategic pivot, converting 21 retail stores to dealer locations this quarter to move toward a lower-cost, more capital-efficient operating model.
#retail #NVIDIA #tell
3 months ago
Canada Goose is selling off its performance footwear brand after only eight years of ownership.
On Wednesday, the outerwear company said it entered into an agreement to sell Baffin Limited to L.P. Royer Inc., a Canadian manufacturer of work and military footwear. Terms of the deal were not disclosed, but the company noted that the transaction is expected to close this month, subject to customary closing conditions.
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#limited #royer #canadian #terms
On Wednesday, the outerwear company said it entered into an agreement to sell Baffin Limited to L.P. Royer Inc., a Canadian manufacturer of work and military footwear. Terms of the deal were not disclosed, but the company noted that the transaction is expected to close this month, subject to customary closing conditions.
More from WWD
We Found the Best Walking Shoes for Women to Shop Online, From the Affordable to the Athletic
Reebok Taps Cult London Publisher Idea for Glow-in-the-dark Club C 85
#limited #royer #canadian #terms
3 months ago
Apple sales grew more slowly than **** ysts anticipated in China and its services business last quarter. Though total revenue topped estimates, the China sales amounted to $18.8 billion in the fiscal third quarter, well short of the $19.6 billion estimated by **** ysts. Revenue from services was $30.7 billion, compared with a $31.4 billion projection. Mark Gurman breaks down the numbers on "Bloomberg The Close."
#billion #China #revenue #quarter
#billion #China #revenue #quarter
4 months ago
Cleveland-Cliffs (NYSE:CLF), an integrated flat-rolled steel and iron ore producer, closed at $10.96, up 15.98%. Quarterly results and upbeat guidance drove the gain; investors are watching second-half earnings and third-quarter adjusted EBITDA.
Trading volume reached 64.1 million shares, coming in about 223% above its three-month average of 19.8 million shares.
The S&P 500 (SNPINDEX:^GSPC) fell 1.21% to 7,408, and the Nasdaq Composite (NASDAQINDEX:^IXIC) fell 2.15% to 25,138. Among other domestic flat-rolled steel manufacturing names, Nucor (NYSE:NUE) closed at $241.15, up 2.23%, while Steel Dynamics (NASDAQ:STLD) closed at $240.57, up 0.81%, highlighting firmer trading in domestic steel peers.
Cleveland-Cliffs confirmed today that the domestic steel market is thriving. Revenue improved both sequentially and year over year as steel pricing and demand remain strong.
Cliffs saw free cash flow turn positive with adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) jumping from $95 million in Q1 to $286 million in Q2. Management expects it to approximately double to $575 million in the third quarter.
The company isn't alone in seeing strength in the sector. Last week, Steel Dynamics posted strong Q2 profit and record shipments, reinforcing domestic pricing strength. Sector leader Nucor will announce its second-quarter results next week. Investors can likely expect more of the same.
#steel #cliffs #closed #quarter
Trading volume reached 64.1 million shares, coming in about 223% above its three-month average of 19.8 million shares.
The S&P 500 (SNPINDEX:^GSPC) fell 1.21% to 7,408, and the Nasdaq Composite (NASDAQINDEX:^IXIC) fell 2.15% to 25,138. Among other domestic flat-rolled steel manufacturing names, Nucor (NYSE:NUE) closed at $241.15, up 2.23%, while Steel Dynamics (NASDAQ:STLD) closed at $240.57, up 0.81%, highlighting firmer trading in domestic steel peers.
Cleveland-Cliffs confirmed today that the domestic steel market is thriving. Revenue improved both sequentially and year over year as steel pricing and demand remain strong.
Cliffs saw free cash flow turn positive with adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) jumping from $95 million in Q1 to $286 million in Q2. Management expects it to approximately double to $575 million in the third quarter.
The company isn't alone in seeing strength in the sector. Last week, Steel Dynamics posted strong Q2 profit and record shipments, reinforcing domestic pricing strength. Sector leader Nucor will announce its second-quarter results next week. Investors can likely expect more of the same.
#steel #cliffs #closed #quarter
4 months ago
Bristol Gate Capital Partners, an investment management company, published its Q2 2026 investor letter for the "US Equity Strategy". A copy of the letter can be downloaded here. The Strategy lagged the S&P 500 Total Return Index in the quarter in terms of returns, but outperformed in dividend growth. Despite debate over capital cycle returns, AI remained the dominant market theme, expanding from early adoption to broader enterprise adoption. The firm continues to focus on high-dividend-growth companies while maintaining discipline around valuation and earnings durability. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Bristol US Equity Strategy highlighted Accenture plc (NYSE:ACN). Accenture plc (NYSE:ACN), a professional services company that focuses on consulting, technology, and outsourcing. On July 22, 2026, Accenture plc (NYSE:ACN) closed at $140.09 per share. One-month return of Accenture plc (NYSE:ACN) was 9.41%, and its shares lost 51.13% over the past 52 weeks. Accenture plc (NYSE:ACN) has a market capitalization of $84.17 billion.
Bristol US Equity Strategy stated the following regarding Accenture plc (NYSE:ACN) in its Q2 2026 investor update:
"We liquidated our stakes in Accenture plc (NYSE:ACN) and Intuit due to overlapping thematic headwinds. Both companies face intensifying market scrutiny regarding the potential for generative AI to disrupt their core business models. Accenture's labour-intensive consulting framework and Intuit's legacy software franchise. Because these structural debates will take considerable time to resolve, the near-term visibility on earnings durability has diminished. More critically, our forward-looking model signaled a material deterioration in their projected dividend-growth trajectories. Consequently, we redeployed this capital into higher-conviction opportunities with what we believe are superior risk adjusted return profiles."
Accenture plc (NYSE:ACN) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 64 hedge fund portfolios held Accenture plc (NYSE:ACN) at the end of the first quarter, compared to 71 in the previous quarter. In the first quarter of fiscal 2026, Accenture plc (NYSE:ACN) reported revenues of $18.7 billion, reflecting a 5% increase in local currency. While we acknowledge the potential of Accenture plc (NYSE:ACN) 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.
#Equity #quarter #investor #letter
In its Q2 2026 investor letter, Bristol US Equity Strategy highlighted Accenture plc (NYSE:ACN). Accenture plc (NYSE:ACN), a professional services company that focuses on consulting, technology, and outsourcing. On July 22, 2026, Accenture plc (NYSE:ACN) closed at $140.09 per share. One-month return of Accenture plc (NYSE:ACN) was 9.41%, and its shares lost 51.13% over the past 52 weeks. Accenture plc (NYSE:ACN) has a market capitalization of $84.17 billion.
Bristol US Equity Strategy stated the following regarding Accenture plc (NYSE:ACN) in its Q2 2026 investor update:
"We liquidated our stakes in Accenture plc (NYSE:ACN) and Intuit due to overlapping thematic headwinds. Both companies face intensifying market scrutiny regarding the potential for generative AI to disrupt their core business models. Accenture's labour-intensive consulting framework and Intuit's legacy software franchise. Because these structural debates will take considerable time to resolve, the near-term visibility on earnings durability has diminished. More critically, our forward-looking model signaled a material deterioration in their projected dividend-growth trajectories. Consequently, we redeployed this capital into higher-conviction opportunities with what we believe are superior risk adjusted return profiles."
Accenture plc (NYSE:ACN) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 64 hedge fund portfolios held Accenture plc (NYSE:ACN) at the end of the first quarter, compared to 71 in the previous quarter. In the first quarter of fiscal 2026, Accenture plc (NYSE:ACN) reported revenues of $18.7 billion, reflecting a 5% increase in local currency. While we acknowledge the potential of Accenture plc (NYSE:ACN) 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.
#Equity #quarter #investor #letter
4 months ago
CLA Global, an international ******* ociation of independent accounting and advisory companies, has added Bulgarian operators Simbula and Existra to its network.
Both practices will gradually adopt the CLA Global branding in the coming months and operate under the name CLA Bulgaria.
CLA Global CEO Paul English said: "We are delighted to welcome both firms to CLA Global. With over 15 years in the Bulgarian market and a full-service offering across audit, advisory, tax and outsourcing, the firms bring real depth to our network.
"They share our commitment to quality, independence and long-term client relationships, making them a genuine fit. We look forward to working with them to support clients with cross-border needs and growing the network together."
Once complete, CLA Bulgaria will have a team of more than 40 professionals and six partner-level leaders, working from two offices in Sofia.
#network #bulgarian #simbula
Both practices will gradually adopt the CLA Global branding in the coming months and operate under the name CLA Bulgaria.
CLA Global CEO Paul English said: "We are delighted to welcome both firms to CLA Global. With over 15 years in the Bulgarian market and a full-service offering across audit, advisory, tax and outsourcing, the firms bring real depth to our network.
"They share our commitment to quality, independence and long-term client relationships, making them a genuine fit. We look forward to working with them to support clients with cross-border needs and growing the network together."
Once complete, CLA Bulgaria will have a team of more than 40 professionals and six partner-level leaders, working from two offices in Sofia.
#network #bulgarian #simbula
4 months ago
By
Listen
(2 min)
Are Cartier Love bracelets about to replace the Hermès RMS -3.39%
decrease; down pointing triangle
Birkin bag as the product that drives the best shareholder returns in the luxury-goods industry?
#down
Listen
(2 min)
Are Cartier Love bracelets about to replace the Hermès RMS -3.39%
decrease; down pointing triangle
Birkin bag as the product that drives the best shareholder returns in the luxury-goods industry?
#down
4 months ago
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Bitcoin (BTC-USD) opened at $65,214.10 on Tuesday, July 21, 2026, 0.8% higher than Monday's opening price. As of 9:30 a.m. ET this morning, the price of bitcoin moved up to $66,398.15.
Ethereum (ETH-USD) opened at $1,903.35 on Tuesday, July 21, 2026, up 1.7% from Monday's opening price. The price of ethereum moved higher this morning to $1,935.99 as of 9:30 a.m. ET.
Bitcoin and ethereum opened higher this morning. Investors' appetite for risk has returned momentarily; strength in crypto coincided with an uptick in the tech-heavy Nasdaq-100 (^NDX) this morning.
The trend may be more than a one-day blip. According to SoSo Value data, the last week marked the second consecutive week bitcoin ETFs had positive net inflows, for the first time since May. The inflows did not cover the outflows over the past several weeks.
#july
Bitcoin (BTC-USD) opened at $65,214.10 on Tuesday, July 21, 2026, 0.8% higher than Monday's opening price. As of 9:30 a.m. ET this morning, the price of bitcoin moved up to $66,398.15.
Ethereum (ETH-USD) opened at $1,903.35 on Tuesday, July 21, 2026, up 1.7% from Monday's opening price. The price of ethereum moved higher this morning to $1,935.99 as of 9:30 a.m. ET.
Bitcoin and ethereum opened higher this morning. Investors' appetite for risk has returned momentarily; strength in crypto coincided with an uptick in the tech-heavy Nasdaq-100 (^NDX) this morning.
The trend may be more than a one-day blip. According to SoSo Value data, the last week marked the second consecutive week bitcoin ETFs had positive net inflows, for the first time since May. The inflows did not cover the outflows over the past several weeks.
#july
4 months ago
Earlier this month, Plug Power (NASDAQ: PLUG) investors received some great news: The company's 50-megawatt (MW) hydrogen electrolyzer project in Australia is expected to move into the execution phase. This essentially clears the way for Plug Power to deliver on its end of the bargain and book the related revenue.
While Plug Power has completed other projects elsewhere in Australia, this electrolyzer project is now that country's largest renewable hydrogen project to reach this level of development. Orica, the customer -- a large mining conglomerate that bills itself as the "world's largest mining-dedicated producer of sodium cyanide, supporting gold processing, silver recovery and other mineral extraction operations" -- operates an existing ammonia production facility on Kooragang Island.
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 »
Currently, that facility produces most of its electricity from natural gas. Plug Power's proton exchange membrane (PEM) electrolyzer will use renewable energy sources to produce hydrogen fuel, offsetting around 7.5% of the facility's natural gas usage.
To put this project into perspective, Plug Power has now deployed around 320 MW of its GenEco electrolyzer systems across six continents. For comparison, one of Plug Power's biggest installed systems is a 100-MW Galp project in Portugal. That system is now one of Europe's largest electrolyzer installations. It is expected to be fully online by the end of this year. So while this 50-MW system in Australia is meaningful, it is not a game changer in any large sense.
While Plug Power has completed other projects elsewhere in Australia, this electrolyzer project is now that country's largest renewable hydrogen project to reach this level of development. Orica, the customer -- a large mining conglomerate that bills itself as the "world's largest mining-dedicated producer of sodium cyanide, supporting gold processing, silver recovery and other mineral extraction operations" -- operates an existing ammonia production facility on Kooragang Island.
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 »
Currently, that facility produces most of its electricity from natural gas. Plug Power's proton exchange membrane (PEM) electrolyzer will use renewable energy sources to produce hydrogen fuel, offsetting around 7.5% of the facility's natural gas usage.
To put this project into perspective, Plug Power has now deployed around 320 MW of its GenEco electrolyzer systems across six continents. For comparison, one of Plug Power's biggest installed systems is a 100-MW Galp project in Portugal. That system is now one of Europe's largest electrolyzer installations. It is expected to be fully online by the end of this year. So while this 50-MW system in Australia is meaningful, it is not a game changer in any large sense.
4 months ago
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter.
Wyoming-based digital-asset bank Custodia has petitioned the Supreme Court to review a March ruling by the 10th Circuit Court of Appeals that upholds a barrier preventing the lender from accessing a Federal Reserve master account.
The case hinges on an "exceptionally important question," Custodia wrote in the petition Friday, seen by Banking Dive: "whether regional Federal Reserve Bank presidents possess unbounded, unreviewable discretion to deny disfavored banks access" to such payment services.
Custodia's petition cites the Supreme Court's June opinion in Trump v. Cook, which acknowledges a boundary to executive power.
"Given the Federal Reserve's unique independence from presidential control, it is particularly important for the court to ensure that the power the Fed claims to possess has in fact been authorized by Congress," Custodia wrote.
Wyoming-based digital-asset bank Custodia has petitioned the Supreme Court to review a March ruling by the 10th Circuit Court of Appeals that upholds a barrier preventing the lender from accessing a Federal Reserve master account.
The case hinges on an "exceptionally important question," Custodia wrote in the petition Friday, seen by Banking Dive: "whether regional Federal Reserve Bank presidents possess unbounded, unreviewable discretion to deny disfavored banks access" to such payment services.
Custodia's petition cites the Supreme Court's June opinion in Trump v. Cook, which acknowledges a boundary to executive power.
"Given the Federal Reserve's unique independence from presidential control, it is particularly important for the court to ensure that the power the Fed claims to possess has in fact been authorized by Congress," Custodia wrote.
