By Nupur Anand and Jonathan Stempel
NEW YORK, Sept 10 (Reuters) - As U.S. President Donald Trump pressures institutions he views as adversaries, JPMorgan Chase and Capital One are fighting back. It is a strategy that legal experts and industry sources say may carry fewer risks than giving in.
Trump and his businesses are suing the banks, alleging they closed his accounts in 2021 for political reasons. They deny ‌the claims. Capital One told a federal court in July that it closed Trump's accounts following an internal anti-money-laundering review, sparking renewed scrutiny including from a senior Democratic senator who last week pressed the bank ‌for more details.
Capital One has not accused Trump or his businesses of money-laundering. Spokespeople for both banks declined to comment. The Trump Organization last week called the anti-money-laundering review a pretext to conceal a politically motivated decision.
While several legal experts said the banks have strong defenses, fighting Trump poses risks for the banks by potentially deepening animus with the president and airing confidential internal deliberations in public.

#money #laundering #president #risks

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.
Achieved a sixth consecutive quarter of top-line growth, driven by broad-based strength across all regions and industry groups despite macroeconomic headwinds.
Completed the acquisition of AMS to create a global leader in talent and organizational consulting, significantly expanding capabilities in contingent workforce solutions and early career recruiting.
Transitioned to a new geographic reporting structure (Americas, EMEA, APAC) to better align with 'We Are Korn Ferry' go-to-market initiatives and holistic client engagement.
Leveraged proprietary data and IP—including 113 million executive ******* sments—to differentiate services in an AI-saturated market where resume quality has become commoditized.

#market #NVIDIA #tell #americas

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 is prioritizing a return to core fundamentals in the Snacks division, specifically targeting households with kids for Goldfish and launching national brand campaigns for Pepperidge Farm.
The Meals and Beverage segment is leaning into 'semi-scratch' cooking trends, which represent 50% of at-home cooking occasions, by focusing on convenience with 5-ingredient-or-less recipes.
Performance attribution highlights a divergence in the soup portfolio, where cooking-related products (broth and condensed) are performing well while 'eating' soups require further innovation to meet consumer value needs.
The company is implementing a new $500 million enterprise cost-savings program through fiscal 2030, focusing on procurement efficiencies and supply chain network optimization.

#focusing

By Johann M Cherian and Niket Nishant
Sept 2 (Reuters) - Everyone knows Wall Street calls a 20% drop in a major index a bear market. But what do you call it when the index posts big gains and losses practically every day and is still way up ‌for the year?
That question is testing the limits of the market's most familiar vocabulary and prompting some to question whether a term like bear market ‌really applies when tech indexes are red hot and constantly gyrating.
"It's kind of lazy nomenclature to be using on things that are that volatile," said Art Hogan, chief market strategist at B. Riley Wealth.
The Philadelphia SE Semiconductor Index, a benchmark for chip stocks, and South Korea's tech-heavy KOSPI both entered bear markets in July, based on the traditional measure. But even at their troughs, the indexes were still up 46% and 25%, respectively, for the year, thanks to triple-digit percentage gains over the past year.

#bear #Tech

First Eagle Investment Management, an investment management company, released its Q2 2026 investor update for "First Eagle Global Fund". The letter can be downloaded here. Easing tensions in the Middle East led to a strong rally in risk markets in Q2. The S&P 500 Index rose 15.2%, while the MSCI EAFE Index gained 10.8%. Growth stocks outperformed, with the MSCI World Growth Index significantly exceeding value returns. A notable shift in U.S. interest rate expectations followed Kevin Warsh's appointment as chair of the Federal Open Market Committee, pushing Treasury yields higher and strengthening the dollar. Despite the optimistic market environment, concerns about fiscal constraints and limited policy flexibility remain. Tighter credit spreads and elevated equity valuations reflect strong demand for financial ***** ets, with household wealth in equities at a post-WWII high. Earnings expectations are buoyant, driven by AI infrastructure developments. Against this backdrop, Global Fund A Shares returned 2.86% in Q2 2026, with emerging markets and developed Europe as the primary contributors. Developed Asia (excluding ***** an) was the only detractor, and ***** an lagged. Information technology and financials led among equity sectors, while materials and energy detracted. The fund underperformed relative to the MSCI World Index during this period. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, First Eagle Global Fund highlighted Salesforce, Inc. (NYSE:CRM). Salesforce, Inc. (NYSE:CRM) is a cloud computing company that offers Customer Relationship Management (CRM) technology that brings companies and customers together. On August 31, 2026, Salesforce, Inc. (NYSE:CRM) closed at $257.54 per share. Over the past month, Salesforce, Inc. (NYSE:CRM) returned 36.58%, and its shares are up 3.16% over the past year. Salesforce, Inc. (NYSE:CRM) has a market capitalization of $211.96 billion.
First Eagle Global Fund stated the following regarding Salesforce, Inc. (NYSE:CRM) in its Q2 2026 investor letter:
"Despite reporting better-than-expected results for its most recent quarter, shares of enterprise software developer Salesforce, Inc. (NYSE:CRM) were weak during the quarter because of ongoing industrywide concerns that generative AI will trigger an exodus from software applications. We believe that Salesforce's technology serves as an economic moat to the potential disruption of AI because its products are embedded as the foundational system of record for its customers. In addition, we continue to believe that the company is well positioned to grow and scale its Agentforce platform over time."

#salesforce #eagle

A safe 3.5% withdrawal on $1.6 million yields somewhere between $52,000 and $56,000 gross, but taxes and pre-Medicare health insurance shrink real spending power to roughly $35,000 annually.
Enhanced ACA premium tax credits expired January 1, 2026, restoring the 400% federal poverty line cliff and potentially costing early retirees tens of thousands per year in premiums.
Once Social Security kicks in between ages 67 and 70 alongside Medicare, the equation flips, letting the same $1.6 million portfolio support roughly double the lifestyle it funded during the bridge years.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
You are 61. You have $1.6 million across retirement and brokerage accounts. You want to stop working now, but Social Security is six to nine years away depending on when you claim. Until then, the portfolio carries every dollar of spending, every health insurance premium, and every tax bill. That is a heavier lift than most people realize.

#million #Social #roughly

Brad Gerstner of Altimeter Capital is known for his AI tech investing, while Cathie Wood is known for her aggressive growth investing across different sectors. The latest 13F filings for the second quarter show that there are two stocks common in their portfolios: Snowflake (NYSE:SNOW) and Robinhood (NASDAQ:HOOD).
Gerstner holds a large stake of 1.9 million shares in Snowflake, making it 4.99% of his portfolio. Wood opened a new position in the company with 269,539 shares.
On Robinhood, the two moved in opposite directions, but both stayed in. Gerstner held his position steady at 899,691 shares, about 0.92% of his portfolio. Wood trimmed hers by 13% to roughly 5.24 million shares, though Robinhood remains one of her larger holdings at 3.41%.
For this article, we will **** yze Snowflake in detail.
Cathie Wood of ARK Investment Management

#gerstner #robinhood #million #Portfolio

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Depending on who you ask, indexed universal life (IUL) insurance is either a powerful wealth-building strategy or an overly complicated insurance product that promises more than it delivers. However, the truth could lie somewhere in the middle.
An IUL is first and foremost a life insurance policy. Like other permanent life insurance products, it can provide lifelong coverage and build cash value over time. But what makes it different is how that cash value grows. Instead of earning a fixed interest rate, it's tied to the performance of a stock market index, such as the S&P 500.
Here's how indexed universal life insurance works, who it may be a good fit for, and what to know before buying a policy.
Indexed universal life insurance is a type of permanent life insurance that combines a death benefit with a cash value account. As long as the policy stays in force, your beneficiaries receive a death benefit when you die, and part of the premiums you pay has the potential to grow inside the policy over time.

#life #universal #products #permanent

NVDA posted 85% revenue growth and MSFT's Azure crossed $100B annually, but Emanuel says what has peaked is the growth rate itself, not earnings.
Widening investment-grade tech spreads, driven by Microsoft's $175B CapEx and massive AI borrowing, are the clearest signal the buildout is straining balance sheets.
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.
Julian Emanuel, Evercore ISI's chief equity derivatives and quantitative strategist, said on CNBC this week that megacap tech results this quarter were "breathtaking" and then said, "the other side of breathtaking is it is likely to be as good as it gets." In the same breath, he told viewers to stay long on technology into 2027.
The tension resolves once you separate two ideas that usually get mashed together. Peak growth rate refers to the second derivative, meaning the rate of improvement.

#rate #Tech #azure #widening

Frost Bank and Texas Capital Bank are great regional banking options with solid customer service and products for Texans.
If you prefer a credit union, Randolph-Brooks Federal Credit Union has 65 branches in the state.
Randolph-Brooks Federal Credit Union serves over 1 million members with 60 branches and fee-free checking accounts.
Consider Chase for its huge physical footprint, but beware potential fees and generally low yields.
As the saying goes, "Everything is bigger in Texas" — including your banking options. The Lone Star State hosts hundreds of banks and credit unions, from major national institutions to community-focused regional players. Whether you need extensive branch access, competitive rates or exceptional customer service, Texas has financial institutions to match your priorities.

#union

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If there's a fire in your apartment, renters insurance can help replace any damaged items. It may also help pay for smoke-damaged items, temporary hotel stays, and certain expenses if you can't live in your rental while it's being repaired.
The biggest thing to know is that renters insurance covers your stuff, but not the building itself. So your couch, clothes, laptop, mattress, and dishes may fall under your policy, but the walls, floors, roof, and built-in appliances likely fall under your landlord's insurance.
Depending on your policy, fire damage may trigger several different parts of your renters insurance coverage at the same time.
Personal property coverage helps pay to repair or replace any items you own that were damaged as a result of a covered fire.

#insurance #policy #coverage

Image source: The Motley Fool.
Tuesday, Aug. 4, 2026 at 4:00 p.m. ET
Assistant Vice President of Financial Reporting and Investor Relations - Tiffany Hinkle
President and Chief Executive Officer - Steven Burdette
Executive Vice President and Chief Financial Officer - Richard Hare

#chief #officer #motley

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.
Achieved record results across the platform driven by disciplined execution and a focus on investment performance, leading to record AUM of $485 billion.
Maintained industry leadership in realizations, returning $37 billion to clients over the past year, which management attributes to a proactive approach in a challenging market.
Repositioned the Capital Markets business over the last three years to capture higher transaction fees, creating a 'flywheel effect' as fund sizes and activity levels increase.
Launched a dedicated defense and industrials platform to capitalize on an estimated $8 trillion in global defense spending driven by geopolitical shifts.

#billion #tell

The U.S. stock market has been on a fantastic run for the past few years, but many investors are feeling nervous. Whether it's talk about high valuations of tech stocks, concerns about the sustainability of the artificial intelligence (AI) boom, or rising interest rates, there's always a chance that something could happen tomorrow that drives stocks into a sell-off.
What if a bear market is coming in 2026? Some investors might feel tempted to sell stocks and move to cash. Others might want to stop investing in stocks, keep cash on the sidelines, and wait until stock prices move lower. Here's the problem with timing the market: The market can move faster than you. Missing out on the best days of stock market performance can cause big damage to your portfolio in the long run.
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 »
If you're truly a long-term investor and the money you're putting into stocks can be left invested for 10 years or more, you shouldn't worry about a bear market in 2026. In the long run, owning a diversified portfolio of stocks is often the best way for people to build wealth, because stocks let you gain from the future earnings of some of the world's most profitable companies.
One of the best stock ETFs for long-term investors is the Vanguard S&P 500 ETF (NYSEMKT: VOO). Let's look at why this Vanguard exchange-traded fund (ETF) could be a good buy for your portfolio -- no matter what happens with stock prices next year.

#market #Stock

By 2048, an estimated $124 trillion in wealth will change hands as older generations pass away. Much of this wealth will pass from parents to children, but it's also possible to inherit from other loved ones.
Let's pretend, for example, that Leah is 72 and retired, but her sister Paige passed away and left her $40,000. Leah isn't sure how to handle the windfall. She doesn't want to let her sister down and she wants to make the most of the funds, but doesn't know what that looks like.
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
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going

#away #much

Intel (INTC) is a semiconductor company operating as one of the world's largest chip designers and manufacturers. Founded in 1968 and based in Santa Clara, California, Intel has restructured around three core segments: Client Computing and Physical AI, which encompasses PC processors and edge AI chips; Data Center and AI (DCAI), delivering Xeon server CPUs and AI accelerators; and Intel Foundry, which manufactures chips for external customers using advanced process nodes including 18A and 14A.
INTC stock has delivered a more than 350% return over the past 12 months, with a 52-week range of $18.97 to $142.35. Shares have seen tremendous growth this year, with the stock climbing 151% year-to-date (YTD) and roughly 100% over the last six months. However, INTC stock is under some pressure in the near term as it has slipped more than 7% in the past five days and 33% over the past month.
Dear Sandisk Stock Fans, Mark Your Calendars for August 5
Intel Stock Sinks 40%, But Most ***** ysts Still Aren't Bullish on INTC
Nebius Stock Gets Another Wall Street Upgrade. Here's Why Investors Are Paying Attention.

#santa

TotalEnergies SE (NYSE:TTE) reported second-quarter adjusted net income of $6 billion on July 23, 2026, up 67% year-over-year and its best quarter in nearly three years.
The gain traced almost entirely to the Iran war, as Hormuz disruption pushed crude and gas prices to multi-year highs and lifted European refining margins while Middle East capacity stayed offline. Refining and chemicals income rose 362% to $1.8 billion, and exploration and production earnings climbed 64% to $3.2 billion.
CEO Patrick Pouyanné called the strait a battleground and said closures could become normal, leaving the real question: what the company looks like once that windfall fades.
LNG is where that question starts to get answered, and the quarter alone was not encouraging.
The segment earned $807 million, a 22% decline the company attributed to trading underperformance amid flat European demand, though Pouyanné said prices rallied in July.

#july #european #question

Cracker Barrel will soon have a new leader.
The company announced on July 27 CEO Julie Masino will step down as CEO and member of the board effective Aug. 10. Masino will be replaced by David Deno, most recently the CEO of Bloomin' Brands, the owner of casual restaurant chains such as Outback Steakhouse, Carrabba's Italian Grill and Bonefish Grill.
Masino will remain with Cracker Barrel as an adviser until Oct. 9, the company said.
"Following a robust and thoughtful search process, we are pleased to welcome David as Cracker Barrel's next CEO," said Carl Berquist, independent chairman of the Cracker Barrel board, in a news release. "He brings decades of experience across the restaurant and retail industries, with a strong track record of leading businesses through growth and a demonstrated commitment to operational excellence, guest experience, and team member engagement."
Deno said in the news release he is "honored to lead the Cracker Barrel team" and looks forward to "unlocking the full potential of this remarkable brand." Deno began his tenure as CEO of Bloomin' Brands in 2019, having previously served as the company's executive vice president and chief financial officer from 2012 to 2019.

#barrel #masino

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Updated July 23, 2026 5:25 pm ET
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U.S. stocks fell sharply Thursday as global oil prices topped $100 a barrel for the first time in two months. Earnings from Alphabet and Tesla rekindled fears that big technology companies are spending far more on artificial intelligence than investors are comfortable with.

#updated #earnings #alphabet

For e-commerce brands trapped in bad logistics partnerships, breaking free can feel almost impossible. The decision to leave an underperforming third-party logistics provider (3PL) is usually simple enough, but contract termination fees, system integrations and inventory transfer expenses stand firmly in the way. Making a switch is pricey.
As a result, growing businesses often remain connected to inflexible partners that drive up overhead and offer very little operational visibility.
More from WWD
At District, E-Commerce Goes Live
Alibaba.com Launches Sourcing Toolkit

#sourcing

Arrakis, a seven-month old London- and Paris-based startup building what it calls an AI "operating system" for industrial companies, is emerging from stealth with $38 million in venture capital funding. It says its goal is to bring agentic AI to sectors such aerospace, energy, logistics, and manufacturing.

The company's latest funding is a $30 million Series A led by Blossom Capital, with participation from venture capital firms Accel, GFC, MainObject, and Rerail. Accel led an earlier $7.5 million seed round, and individual backers include Datadog CEO Olivier Pomel and OpenAI's head of business products, Olivier Godement.

The latest round values the company at $140 million post-money, cofounder and CEO Rafael Quintanilla told Fortune.

Quintanilla is a former vice president at Accel. While there, he spent the better part of a year crisscrossing the U.S., Europe, and the Middle East to develop the firm's thesis on defense and industrial resilience. What he found convinced him to quit and become a founder himself.
"I realized that there was a huge gap between what I was seeing at Accel and in the Valley, with us investing in companies like Anthropic and Lovable in Europe," he said, "and what I was seeing in the more industrial parts of the economy."

He said that most AI has targeted so-called knowledge workers who complete their jobs using software, but that many more jobs in the economy involve the production and movement of physical goods. "Most AI investment to date has targeted the 30% of workers behind a desk. The real ROI lies in the 70% running industrial operations," he said.
Sonali de Rycker, the Accel partner who backed Arrakis's seed round, said she is betting on the founder as much as the market. "Rafa has a rare combination of curiosity, hustle and tireless drive," she told Fortune. "After working closely with Rafa during his time at Accel, it's an honour to be working with him again as an entrepreneur."
But Arrakis is hardly alone in going after manufacturing and industrial firms. Consulting giants such as Accenture and Boston Consulting Group are racing into industrial AI, as is Palantir, and Jeff Bezos-backed Prometheus—now valued in the tens of billions of dollars—is pouring capital into automating the engineering of physical products. The frontier labs are circling too.
Quintanilla argues Arrakis is carving out a distinct niche from each of these competitors. If Prometheus worked with Airbus, he said, it would build AI for "the core engineering of building an aircraft." He said Arrakis, by contrast, "want[s] to take care of everything around it… We want to be the AI layer for key operations of those companies."

#arrakis

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A young California couple, Emma and Brian, appeared on Caleb Hammer's Financial Audit podcast and admitted something that may be shocking to most viewers.
"I'm going to be honest with you, I don't look at the account unless it bounces," Emma said during the episode (1).
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 still sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold

BEIJING, July 9 (Reuters) - China's Xiaomi on Thursday unveiled an SUV series named Sky Nomad, accelerating the technology company's push into automobiles as ‌growth slows in its mainstay smartphone market.
The extended-range electric vehicle (EREV) series, ‌branded Xiaomi Pengcheng in Chinese, will comprise "smart, versatile, ****** ious" SUVs, CEO Lei Jun said on his Weibo micro-blog account along with a teaser poster of one of the vehicles.
EREVs are a type of plug-in hybrid that sit between conventional petrol-electric hybrids and battery-only vehicles, using a combustion engine as a generator to extend battery driving range.
Xiaomi's announcement represents ‌expansion beyond battery-powered sedans ⁠and crossovers into a category popularised by models from automakers such as Li Auto.
With its SU7 sedan and YU7 crossover, Xiaomi's ⁠EV business has become a revenue pillar over the past two years.

ON Semiconductor Corp (NASDAQ:ON) is one of the best stocks to buy according to David Greenspan's Slate Path Capital. The stock makes up 7.2% of the equity portfolio. ON Semiconductor stock is already up more than 60% year-to-date, and ******* ysts see it rising more.
On June 29, Cantor Fitzgerald lifted its price target on ON Semiconductor Corp (NASDAQ:ON) shares to $110 from $100 while maintaining a Neutral rating on the stock. The brokerage noted that the AI infrastructure buildout is fueling demand for semiconductor components. It noted that industry revenue could hit $3 trillion by 2029 and expand to over $3.5 trillion by 2030.
Notably, Cantor Fitzgerald updated its call on ON Semiconductor on the back of the company's deal to acquire Synaptics. ON Semiconductor, also known as Onsemi, expects the Synaptics deal to strengthen its AI business and expand its total addressable market by $30 billion to $243 billion by 2030.
The $7 billion all-stock Synaptics deal is expected to close in mid-2027 and bolster the company's capability to meet the demand from customers seeking intelligent systems.
Arizona-based ON Semiconductor Corp (NASDAQ:ON) manufactures and supplies power and signal management semiconductor components that support a variety of applications. The company's products are used in defense systems, industrial systems, medical devices, cars, and consumer products.

Chewy Inc. (NYSE:CHWY) is one of the top mid-cap stocks to own for decades, according to hedge funds. On June 30, BofA Securities reiterated a Buy rating on Chewy Inc. (NYSE:CHWY) and a $31 price target. Earlier on June 23, TD Cowen touted Chewy as the best mid cap idea for 2026 while reiterating a Buy rating and a $34 price target. The price target represent significant upside potential as the stock is trading at about $20 a share.
The bullish stance comes on the heels of the company delivering solid first-quarter 2026 results, characterized by revenue and earnings growth, on June 10. The company continued to outperform the pet category while expanding profitability and free cash flow in the first quarter.
Net sales in the quarter were up 7.7% year over year to $3.36 billion, affirming strength in execution. Adjusted net income was up by $31 million to $179.9 million as adjusted diluted earnings per share increased by $0.08 to $0.43 a share.
Chewy Inc. achieved record profitability in the first quarter on the back of 200,000 net customer additions. According to Sumit Singh, Chief Executive Officer, the company is well positioned to gain market share and deliver profitable growth throughout the year. The focus is also on creating long term shareholder value.
Chewy Inc. (NYSE:CHWY) operates as a major e-commerce retailer that sells pet food, supplies, and healthcare products, primarily in the United States. The company combines the personalized service of a local pet store with the convenience of fast home delivery.