Zipline is putting a fresh valuation on the increasingly crowded race to make drone delivery a mainstream part of American last-mile logistics networks, all while the regulatory system is still playing catch-up.
The autonomous delivery company is in talks to raise roughly $1 billion that would value the firm of roughly $20 billion, according to Bloomberg, nearly tripling the $7.6 billion valuation it established in January.
More from WWD
Ravel Raises $8.2M to Tackle Fashion's Elastane Problem
Auction Marketplace Buywander Secures $21M in Funding

#delivery

On September 17, Coherent Corp. (NYSE:COHR) announced an upgraded Pluggable Optical Line System that covers the full C-band and fits in a compact QSFP module, the same slot ordinary transceivers use. That is a lot of networking gear shrunk into a plug, and it follows a quarter of 34% revenue growth. Here is what the launch means, and where the stock's story gets harder to read.
Start with what the product does. The upgraded system can pack 32 wavelengths onto a single pair of fibers, which Coherent says adds up to as much as 25.6Tbps of traffic on links running 2km to 200km. It is designed for the latest 800G coherent optics, and it configures itself, handling link setup and laser safety without a technician tuning each connection. Coherent also says the system is generally available and already shipping in high volume, in 400G and 800G versions that work with existing network setups. Madhu Krishnaswamy, who runs the company's telecom transport unit, describes the goal as easing the usual trade-off between raw performance and operational simplicity.
The launch also sits on top of a business that is already moving. On August 12, Coherent reported results for its fiscal fourth quarter, which ended June 30: revenue of $2.05 billion, up 34% from a year earlier. Non-GAAP earnings per share rose to $1.74 from $1.00, and CEO Jim Anderson noted that for the full year, that measure grew more than twice as fast as revenue. Management guided to revenue of $2.2 billion to $2.4 billion for the first quarter of fiscal 2027, and Anderson says AI data centers are increasingly moving from copper to optical links.
Now look at the two versions of profit. Coherent's non-GAAP earnings came to $1.74 per share, but under GAAP the figure was $1.19. The gap comes from items management leaves out, including stock-based pay, amortization on acquired intangibles, and restructuring and integration costs. Operating margin shows it more clearly, at 21.8% on a non-GAAP basis and 12.4% under GAAP. Some of those costs are non-cash, but they are real, and anyone anchoring on the higher figure is skipping them.
Then there is how much weight this launch can carry. The announcement puts no sales figure on the product, so its contribution to a company that booked $2.05 billion in a quarter cannot be sized from what has been published. The bullish story also rests on management's own read of where AI networks are headed, and on a capacity build-out that CFO Sherri Luther says gets priority in spending. Money spent on capacity only pays off if the demand management describes keeps arriving.

#quarter #launch #anderson

It's hard to overstate how important the Model Y was for Tesla's (NASDAQ: TSLA) overall growth journey. Today, that model alone accounts for more than 90% of Tesla's vehicle sales. The Model Y allowed Tesla to significantly expand its sales base, which, in turn, enabled the company to scale its production facilities to reach economies of scale -- the driving force behind Tesla's 24-quarter streak of consecutive profits.
In short, the Model Y is one of the biggest factors behind Tesla's current $1.1 trillion market capitalization.
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 »
Rivian Automotive's (NASDAQ: RIVN) valuation, meanwhile, still hovers just above $20 billion. This valuation gap has many causes. But for years, the biggest issue was that Rivian lacked an affordable vehicle priced for the masses like the Model Y. Rivian addressed that problem this summer when it began deliveries of its R2 SUV -- its first vehicle priced under $50,000.
Next month, investors will get the first meaningful update on how Rivian's sales and production capacities are scaling for the R2. Here's exactly what you should be paying attention to.

#rivian #signal

Interested in Macy's, Inc.? Here are five stocks we like better.
Macy's said its "A Bold New Chapter" strategy is driving results, with Reimagine stores posting sales growth in nine of the past 10 quarters, five consecutive quarters of Macy's banner growth and a 10-point improvement in store customer-satisfaction scores.
The Reimagine program now covers about 60% of Macy's stores and 75% of its store business, while Bloomingdale's remains a major growth engine after delivering double-digit growth in each of the final two quarters of 2025.
Macy's raised its full-year EPS outlook to $2.15–$2.35 from $1.90–$2.10, but executives expect a choppy consumer environment and moderating price growth as tariff-related inflation effects fade.
SM Energy's Civitas Merger Is Paying Off, But the Stock's Run Raises the Bar

#interested #chapter

This story was originally published on Construction Dive. To receive daily news and insights, subscribe to our free daily Construction Dive newsletter.
Two recent road projects have been turning heads in the construction industry, and they have something interesting in common.
Both the $9.2 billion Interstate 24 Southeast Choice Lanes project in Tennessee and the $4.6 billion state Route 400 Express Lanes in Georgia use concessions, which allow a consortium in a public-private partnership to benefit from future use fees, such as revenue from tolls.
In exchange, the consortium puts forward a significant amount of cash to design, build, operate and maintain the roadways. For contractors, being a part of a consortium can potentially give them stable work and revenue for decades.
For example, in the case of the Georgia state Route 400 project, the consortium is Peach Partners, comprising Acciona Concessions, ACS Infrastructure and Meridiam, which will deliver and maintain the project under a 56-year public-private partnership. The consortium is providing a $3.8 billion concession fee to the state's DOT to help fund other roadway projects as part of the P3 to design, build, operate and maintain the express lanes, per the U.S. DOT.

#consortium #lanes #route

Arcosa, Inc. (NYSE:ACA) shareholders approved the proposed acquisition by CRH plc (NYSE:CRH) on September 4. The merger agreement received 39,595,867 votes in favor, compared with 66,113 against and 16,786 abstentions. Approximately 39.7 million shares, representing 80.8% of shares outstanding as of the record date, were present or represented by proxy.
The vote satisfies a major condition for the all-cash transaction. CRH plc (NYSE:CRH) agreed to pay $150 per share, valuing Arcosa, Inc. (NYSE:ACA) at an enterprise value of approximately $8.5 billion. The companies continue to expect a first-quarter 2027 closing, subject to required regulatory approvals and other customary conditions.
CRH plc (NYSE:CRH) described the valuation as 11.5 times estimated 2026 adjusted EBITDA, a company-defined non-GAAP measure, including $175 million of targeted annual run-rate cost synergies expected by year three. CRH plc (NYSE:CRH) defines adjusted EBITDA as earnings from continuing operations before interest, taxes, depreciation, depletion and amortization, with exclusions for impairments, divestitures and investments, equity-method results, substantial acquisition costs and specified pension items.
The result removes the principal seller-side approval risk. The merger no longer depends on another shareholder meeting, and support was decisive among the shares represented. Financing appears less exposed than regulatory clearance: CRH plc (NYSE:CRH) plans to use available cash and committed debt financing, while completion is not subject to a financing condition.
The strategic rationale is tangible. Arcosa, Inc. (NYSE:ACA) would add 109 quarries and yards, nine asphalt plants, 19 terminals and approximately 35 million tons of 2025 aggregates shipments. CRH plc (NYSE:CRH) expects more than 265 million tons of combined annualized aggregates production. Arcosa, Inc. (NYSE:ACA) also brings engineered structures serving grid modernization, electrification and data-center construction.

#NYSE #represented

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) have rallied more than 83% year-to-date as of September 3. The stock has significantly outperformed the broader S&P 500 Index, which has seen a 13% rise so far this year. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has also returned more than 400% over the past three years.
Additionally, ******* ysts are positive on the stock, with a consensus Buy rating and a median 12-month price target of $240, suggesting about 13% upside from current levels.
On September 2, DA Davidson reiterated its Buy rating on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) with a price target of $245 after attending the company's annual user conference, Fal.Con 2026, in Las Vegas.
DA Davidson said discussions with CrowdStrike Holdings, Inc.'s (NASDAQ:CRWD) customers and partners at the conference were positive. The firm noted signs of strong demand for AI Detection & Response, along with continued vendor consolidation on CrowdStrike. The conference also included several new product and partnership announcements.
The research firm expects the company to provide an early look at fiscal 2028 Net New ARR growth. This could give investors greater visibility into CrowdStrike Holdings, Inc.'s (NASDAQ:CRWD) longer-term growth prospects.

#holdings #year #Stock #positive

The recent breakout of Moderna reminded investors that AI stocks aren't the only destination to make money. Healthcare and biotech stocks offer promising long-term opportunities if chosen wisely.
We ran an ***** ysis based on Insider Monkey's proprietary database of over 900 hedge funds to see which healthcare stocks trading under $20 billionaire-led funds were holding at the end of the second quarter.
A total of 23 billionaire-led funds held stakes in Viatris (NASDAQ: VTRS) at the end of the second quarter, down slightly from 24 funds in the first quarter. The stock trades around $16 as of Sept. 1.
BioCryst (NASDAQ: BCRX) had 22 billionaire-led funds holding stakes at the end of the second quarter, up from 20 funds in the first quarter. The stock trades near $10 as of the start of September.
In this article, we will focus on VTRS. The stock is up about 33% so far this year.

#quarter #stocks #billionaire #vtrs

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.
Why we like it: As part of its rewards rate, the Amex Blue Cash Everyday offers 3% cash back on up to $6,000 per year on U.S. online retail purchases (then the rate reverts to 1%). Amazon.com is a retailer where you can earn the 3% rate in this category, providing an excellent opportunity to earn a significant amount of cash back on your Amazon purchases.
Read our full Amex Blue Cash Everyday review
Why we like it: The Prime Visa is nearly a must-have for big Amazon shoppers because it offers 5% back on Amazon.com purchases, provided you have an eligible Prime membership. Although this card may not offer as many additional benefits as other cards, its rewards rate for Amazon is hard to beat.

#cash #offers

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.
Millions of Trump Accounts, the new savings accounts for children, will be funded with an initial $1,000 deposit from the U.S. Treasury. So far, nearly three dozen companies and philanthropists have pledged to match that seed money with their own donations.
Experts say savings accounts, along with employer contributions, could help reframe the conversation about saving early for children's futures.
While any child under 18 with a Social Security number can establish the IRA-like savings account, only those born between Jan. 1, 2025, and Dec. 31, 2028, get a $1,000 deposit directly from the government as one-time seed money.
Parents and their employers, family members, friends — really anyone — can contribute up to $2,500 per year, beginning on July 5, with a $5,000 annual cap on contributions.

#accounts #savings #disclosure

Juno Beach, Florida-based NextEra Energy, Inc. (NEE) generates, stores, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company has a market cap of $170.7 billion and operates through Florida Power & Light Company (FPL) and NEER segments. NextEra generates electricity from wind, solar, nuclear, natural gas, and other clean energy ******* ets.
Companies with a market cap of $10 billion or more are typically referred to as "large-cap stocks." NEE fits squarely into that category, with its market cap exceeding this threshold and reflecting its substantial size and influence in the regulated electric utilities industry.
Dear Sandisk Stock Fans, Mark Your Calendars for August 31
Wu-Tang Clan Member Raekwon Is a Palantir 'OG,' Visiting Headquarters 16 Years After Receiving His Custom PLTR Jacket
Dear Palantir Stock Fans, Here's What Maven's Billion-Dollar ARR Means for PLTR

#Florida #fans #palantir

A fresh Labour tax raid on the North Sea would cause "lasting damage" to Britain's oil and gas industry, bosses have warned.
John Healey, the Chancellor, is facing backlash over plans to extend a windfall tax on UK oil and gas profits, with energy chiefs claiming this would destroy investment and accelerate job losses.
Russell Borthwick, the chief executive of the chamber of commerce in Aberdeen, which represents the likes of BP and Shell, said another tax raid would cripple an industry "which Britain cannot afford to lose".
Labour already taxes oil and gas profits at 78pc under an existing windfall levy which Rachel Reeves, the former chancellor, previously extended from 2028 to 2030.
Under a more punitive regime, Mr Healey could increase the levy and extend it beyond 2030, as reported by The Telegraph.

#chancellor #profits #levy #north

For committed, patient long-term income investors, some of the best opportunities, in terms of both yield and payout growth, can be found in the energy patch.
The sector's status as a payout haven encompasses a broad range of names, from pipeline stocks to some of the world's largest oil companies. Many market participants opt for familiarity and reliability, which helps explain why ExxonMobil and Chevron are hits with dividend investors. The two largest U.S. domestic oil companies have dividend increase streaks of 43 and 39 years, respectively.
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 »
To be sure, those are impressive runs, but barring any surprises, those companies are likely to continue raising their payouts at low-single-digit percentages. Income-hungry investors seeking rapid dividend growth should look to the midstream segment, home to Sunoco LP (NYSE: SUN). Indeed, this pipeline company has sunny dividend potential.
First, a housekeeping item. Sunoco LP is not the same as SunocoCorp LLC (NYSE: SUNC). However, the latter "owns a direct limited partner interest in Sunoco LP." Interestingly, Sunoco LP's general partner is owned by Energy Transfer, one of the most beloved large-cap names in the midstream income ******* e.

#Dividend #Companies #energy

Target Corporation (NYSE:TGT)'s food and beverage sales grew 7% in the quarter ended August 1, 2026, its fastest growth in that business in three years. Reuters reported on August 20, 2026, that the retailer still holds only about 5% of the US grocery market compared with Walmart Inc. (NASDAQ:WMT)'s 27%.
Grocery brings shoppers into stores more often than almost any other purchase, making it a critical traffic driver. However, the food carries lower margins than apparel and home goods.
Can Target turn grocery trips into bigger spending elsewhere in the store, or is it just building a snack business that never expands into real market share?
Food and beverage sales grew 7% this quarter, the fastest pace in three years, and that growth directly pulled shoppers into stores: traffic rose 3.6% while snack sales grew 15%. Grocery trips happen more often than clothing trips, so every extra visit gives Target Corporation (NYSE:TGT) more chances to sell higher-margin items in the same basket. Target plans roughly 600 new private-label food products over two years, expected to add more than $2 billion in growth, on top of comparable sales up 3.8%. A nearly $1 billion tariff refund gave Target room to lean into lower prices without hurting margins, and the company raised its annual sales forecast to about 5% from 4%.
Grocery still makes up less than a quarter of Target's merchandise sales, and its food business remains roughly 12 times smaller than Walmart Inc. (NASDAQ:WMT)'s. Hence, fast growth off that small base moves the needle only a little. Being priced about 5% higher than Walmart on identical items, with an even wider gap in snacks, works against Target once shoppers compare carts. Gross margin expanded to 33.7%. But that came while Kroger's new CEO, a former Walmart executive, pledged the chain's biggest price cuts in years and Costco cut egg and beef prices. It means Target Corporation (NYSE:TGT) is winning on curation while rivals compete harder on price. Home furnishings and apparel stayed roughly flat, showing grocery traffic isn't reliably spreading into the rest of the store.

#corporation #Growth #years

Maryland-based investment firm Hull Street Energy announced it has completed its acquisition of two Midwestern power plants that provide electricity in the PJM Interconnection.The company on August 26 said the facilities, which together are included in Hull Street's "GridFlex Portfolio," are the 677-ME gas-fired Lee County Generating Station in Illinois, and the 586-MW dual-fuel Tait Electric Generating Station in Ohio. Terms of the deal with Rockland Capital, which was first announced in March of this year, were not disclosed."Dispatchable resources are increasingly important as the resource mix becomes more intermittent and demand grows. This is particularly true in PJM where declining reserve margins are increasing the need to retain and improve ***** ets like Lee and Tait," said Sarah Wright, founder and managing partner of Hull Street Energy.Hull Street said the GridFlex Portfolio, together with the company's Milepost Power fleet, means Hull Street now owns nearly 5 GW of gas-fired and duel-fueled power generation capacity in the U.S. The company said it is positioned as one of the nation's largest, privately held power producers.
[evtx_block slug="ep-2026-textblock"]
The deal announced Wednesday was backed with equity from Hull Street Energy managed funds and committed senior secured debt financing. Rockland Capital, headquartered in Texas, is a private equity company that was formed in early 2003 in order to acquire and develop selected investment opportunities in power and energy infrastructure markets. The company has invested in energy projects in the U.S. and UK.Santander and Investec Inc. served as Joint Lead Arrangers and Joint Bookrunners for the GridFlex deal, with Santander acting as Administrative Agent. Troutman Pepper Locke acted as legal counsel to Hull Street. PEI Global Partners, LLC and Houlihan Lokey acted as financial advisors, and Bracewell acted as legal counsel to Rockland.Hull Street earlier this year acquired a portfolio of renewable energy generation ***** ets from FirstLight USA. The deal includes ownership of Northfield Mountain, a 1,168-MW pumped storage hydro facility in Massachusetts that is the largest energy storage facility in New England. The acquisition also includes 14 hydroelectric stations located in Connecticut, Massachusetts, and Pennsylvania, along with three operational solar and battery facilities in the Northeast.—Darrell Proctor is a senior editor for POWER.

#hull #street #company #Portfolio

Sandhill Investment Management, an investment management company, released its second quarter 2026 investor letter. A copy of the letter can be downloaded here. The letter highlighted a strong second quarter for equity markets, with the S&P 500 up about 15% and projected earnings growth at the fastest rate in five years. Despite challenges like tensions with Iran and lower oil prices, the semiconductor sector and AI advancements drove significant stock price increases. In fixed income, rising yields have made corporate bonds appealing, offering over 5% returns. However, consumer sentiment is waning, and the savings rate is at a six-decade low, raising caution about the economy. Investment trends suggest that while overall market valuations are high, quality businesses present selective opportunities for long-term gains amidst short-term volatility. Also, check the fund's top five holdings to see its best picks in 2026.
In its Q2 2026 investor letter, Sandhill Investment Management highlighted Badger Meter, Inc. (NYSE:BMI) as a new holding. Badger Meter, Inc. (NYSE:BMI) is a US-based flow measurement, quality, control, and communication solutions company focusing on Utility water smart metering solutions and software technologies. On August 26, 2026, Badger Meter, Inc. (NYSE:BMI) closed at $137.15 per share, reflecting a market capitalization of $3.98 billion. Badger Meter, Inc. (NYSE:BMI) posted a one-month return of 5.18%, while its shares lost 26.46% over the past 52 weeks.
Sandhill Investment Management stated the following regarding Badger Meter, Inc. (NYSE:BMI) in its Q2 2026 investor letter:
"Despite the elevated broad market valuation and the caution related to the consumer, quality businesses are being valued more cheaply than they have been in a long time, and we are putting capital to work. We remain selective, but individual businesses are presenting compelling value.
We recently initiated a position in Badger Meter, Inc. (NYSE:BMI), a pure-play water technology company. Badger holds a leading position in smart water meters and cellular advanced metering infrastructure technology. It sells into an oligopoly market with high switching costs and municipal utility customers that value reliability over price. The stock pulled back sharply after a temporary air pocket in revenue growth tied to project timing, rather than any change in long-term demand. We believe the multidecade replacement cycle for aging water infrastructure, combined with increasing technology adoption, gives Badger a durable growth runway, and the recent weakness provided an attractive entry point. We tracked Badger Meter on our watchlist for years before business fundamentals and valuation aligned to create an attractive entry point."

#badger #management #letter

Solana (SOL) has bounced by over 70% from its June low of around $60 and is now testing a key support-turned-resistance area for a potential breakout toward $300.
As of Tuesday, Aug. 25, Solana was testing the $95–$115 range (S/R in the chart below) as resistance. The zone also overlaps with the 50-week exponential moving average (50-week EMA, the red wave) near $105 and the 200-week EMA (blue) around $111.
Between 2023 and early 2026, the same range served as a key support area for Solana. Bouncing from there led to a 200% price rally in 2024 and a 165% rally in 2025. Breaking below the same area followed a 50% decline in 2026.
A similar structure appeared in 2023 that led to a 1,000% SOL price breakout.
At the time, SOL spent months consolidating near the $20–$25 region before finally reclaiming it as support. The breakout marked the beginning of a major bull cycle, with Solana eventually climbing from around $25 to nearly $295.

#breakout #week

Philip Morris International (PM) shares closed higher on Aug. 24 after announcing a contract manufacturing agreement with Altria Group (MO). Under the arrangement, PM's non-U.S. affiliates will work with Philip Morris USA on combustible-cigarette manufacturing, with initial shipments expected to begin in early 2027.
Following today's rally, Philip Morris stock is up nearly 25% versus its year-to-date low.
IonQ vs. Rigetti: The Better Quantum Computing Stock for Long-Term Investors
Stocks Set to Open Lower as Chipmakers Get Hit, Nvidia Earnings and Warsh's Jackson Hole Speech Awaited
QQQ is Still in a Negative Gamma Regime. Here's How a 'Put Wall' and Fibonacci Support Could Come Into Play.

#morris #Stock #international

A screaming buying opportunity may exist in AMD (AMD) after a post-earnings sell-off earlier this month.
Raymond James ******* yst Simon Leopold upgraded his rating on AMD to Strong Buy from Outperform in a new note on Tuesday. He lifted his price target to $641 from $565, which ******* umes neatly 40% upside from current price levels.
The new price target puts Leopold above the average price target of his peers at $613, per Yahoo Finance AlphaSpace data. About 72% of Wall Street ******* ysts that cover AMD rate the stock a Strong Buy or Buy.
AMD stock rose 5% in afternoon trading in response.
Leopold thinks AMD, with its powerful AI chips, will be a key player in the agent-driven workforce. Moreover, he sees the server central processing unit (CPU) market increasing at a 44% five-year compound annual growth rate to about $201 billion by 2030.

#price #strong #rate #simon

SoundHound AI (NASDAQ: SOUN) stock has gone on quite the roller-coaster ride over the past few years. It was trading below $2 a share in January 2024, but topped out at over $24 per share at the end of that year. It nearly hit that high again in late 2025, but has come down significantly since then, and now trades at just over $7 per share. While hype about the company may have driven its stock up and the vacuum left behind when that buzz dissipated caused it to sink, SoundHound AI has been doing pretty well on the business front.
It has several exciting propositions that could make it a giant in the AI ***** e, but could it be your ticket to becoming a millionaire?
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 »
When measuring a single stock's potential to make an investor a millionaire, I think setting the initial investment at $10,000 is reasonable. Starting from an investment of that size, the stock would need to deliver a 100x return to transform the stake into a $1 million position.
Does SoundHound AI have that kind of upside potential? Today, it has a $3.12 billion market cap, so it would need to grow into a $312 billion company -- which is still smaller than another hot AI software stock, Palantir (NASDAQ: PLTR), which is now valued at $420 billion. Palantir's tools for integrating AI features into business workflows have become quite popular. If SoundHound AI's audio recognition and AI integration software gains a similar level of popularity, then I think it's entirely possible the stock could deliver life-changing returns to long-term shareholders.

#NVIDIA #signal #down

By Juveria Tabassum and Nicholas P. Brown
Aug 19 (Reuters) - Target raised its annual sales forecast for a second time this year as efforts to cut prices and freshen merchandise yielded results, while its quarterly profit received a nearly $1 billion boost from tariff refunds.
It was the third straight strong quarter for Target, ‌and the results suggest the turnaround plan of new CEO Michael Fiddelke is taking root ahead of the all-important holiday shopping season, even as high fuel prices ‌pressure household budgets.
Quarterly comparable sales grew 3.8% and beat estimates of 2.5% growth in its earnings report, which Morningstar ******* yst Brett Husslein had flagged as a key test on whether Target can consistently execute on price, product mix and store experience.
The sales growth was powered by a 3.6% rise in traffic and an 8.7% jump in digital comparable sales, as shoppers opted for same-day delivery. However, ticket size was about flat.

#results

Greenhaven Road Capital, an investment management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The fund achieved an approximate 11% net return in the second quarter, indicating progress from the first quarter. Key changes to the portfolio will include lower concentration and increased investments with near-term catalysts, alongside a proactive stance on profit-taking. The focus will remain on owning strong businesses and conducting research that challenges consensus views, as several major investments are poised for significant events within the year. Despite declines in market multiples, underlying businesses continue to grow, suggesting a favorable positioning for returns. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Greenhaven Road Capital highlighted Kingsway Corporation (NYSE:KWY). Kingsway Financial Services Inc. changed its name to Kingsway Corporation (NYSE:KWY) in May 2026. Kingsway Corporation (NYSE:KWY) is a Chicago-based holding company that operates in extended warranty and business services. On August 14, 2026, Kingsway Corporation (NYSE:KWY) closed at $9.94 per share, reflecting a market capitalization of $284.54 million. Kingsway Corporation (NYSE:KWY) posted a one‑month return of 4.85%, while its shares lost 29.50% over the past 52 weeks.
Greenhaven Road Capital stated the following regarding Kingsway Corporation (NYSE:KWY) in its Q2 2026 investor letter:
"With no sell-side coverage and roughly 60% insider ownership, Kingsway Corporation (NYSE:KWY) is effectively ignored by the market. The free float is small, and the business is genuinely hard to **** yze. It is transforming from a messy conglomerate into an N of 1 public company built around the search model. A legacy warranty business still has to be sold, but the signs of progress are tangible: management has **** embled a portfolio of nine companies.
In the first two years after an acquisition, earnings are typically depressed while capital goes into professionalizing the business and building out sales. Even so, the ramp in quarterly EBITDA for the KSX (Search) segment is already visible. Eight quarters ago, segment EBITDA was $1.4M. It nearly doubled to $2.6M two quarters ago, and last quarter it reached $3.5M, in a seasonally slow period. Given guidance for organic growth and the strength of the underlying businesses, there is a credible path to segment EBITDA of $6M+ per quarter this year..." (Click here to read the full text)

#road #letter #business

By Ankur Banerjee and Harry Robertson
SINGAPORE/LONDON, Aug 18 (Reuters) - The U.S. dollar rose slightly on Tuesday but remained near multi-month lows against its peers as traders reduced their bets on rate hikes, although the threat of an escalation in the Middle East war left ‌sentiment fragile.
The euro eased away from two-month highs of $1.161 touched on Monday and was last little changed at $1.157.
Sterling was at $1.352, dipping 0.1% on ‌weak UK labour market data, just shy of the three-month peak it hit in the previous session.
Data in the past few weeks have pointed to a softer U.S. economy, including unexpected job losses last month and mild inflation readings, leading investors to scale back expectations of a rate hike by the U.S. Federal Reserve.

#rate #robertson

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Most people hope to start married life on solid financial footing. But one man is wondering whether years of careful saving and investing are enough to offset the massive student debt his future wife is bringing into the relationship.
Justin, 28, from Pittsburgh, called "The Ramsey Show" with a question that many couples face before marriage, although few at this scale. He has spent the past several years staying out of debt, building investments and retirement savings, while his girlfriend recently graduated from veterinary school with about $350,000 in student loans.
Don't Miss:
He Thought He Needed $88K To Invest In Real Estate. Then He Found A Way To Start With $100.

#student #benzinga

SpaceX (SPCX) is becoming an AI giant faster than expected — it is also spending like one.
The company's first quarterly report as a public company showed its AI business growing rapidly and swinging to an adjusted profit. But ***** eX spent nearly $16 billion on AI infrastructure during the quarter — more than six times the segment's revenue.
Space stock fell 10% in early trading Wednesday and was on track for its second-worst daily return since its June IPO.
That advances a shift visible before the IPO. ***** eX entered the public market with a rocket company reputation, but its own filings pointed investors toward AI.
AI revenue more than tripled from the first quarter to $2.6 billion. Adjusted EBITDA swung from a $609 million loss to a $1.1 billion profit.

#SpaceX #quarter

Although the transportation market cooled in July from a seasonally stronger June, it remained very tight, according to data from a monthly survey of supply chain professionals. Key transportation metrics in the Logistics Managers' Index showed mixed results, with capacity falling faster while pricing grew at a slightly slower pace.
The index is a diffusion index in which a reading above 50 indicates expansion, while one below 50 signals contraction. The LMI displayed a 28.4 reading for transportation capacity in July. Sentiment around capacity declined at a rate that was 2.4 percentage points faster than June, tying the second-fastest contraction rate captured by the 10-year-old dataset. (The record-low reading was 23.8 in September 2020.)
A push by regulatory authorities to remove unsafe drivers has significantly tightened supply in the truckload market. Further, most publicly traded carriers aren't adding equipment, instead making better use of what they have.
Recent initiatives to improve **** et utilization were apparent in second-quarter results.
Omaha, Nebraska-based Werner Enterprises (NASDAQ: WERN) announced an official restructuring of its one-way TL fleet in February. The plan involved exiting non-profitable accounts and repurposing or disposing under-utilized tractors. Revenue per truck per week (excluding fuel surcharges) jumped 28% year over year in the latest quarter, as miles per truck were up 16% and revenue per total mile increased 10%. It expects rate per mile to increase by 10% to 13% y/y in the third quarter.

#index #year

Legendary investor Peter Lynch built his reputation on finding "ten-baggers," stocks that rise tenfold, and his favorite hunting ground was not a spreadsheet. It was everyday life.
Lynch urged investors to notice the products and brands people love before Wall Street catches on. Through that lens, one consumer name keeps catching my eye: On Holding (NYSE: ONON), the Swiss maker of the cushioned running shoes that suddenly seem to be on everyone's feet.
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Lynch's most famous principle was to buy what you know. If you keep noticing a product in the real world, that observation can be an edge over **** ysts staring at models. On fits this perfectly. Its shoes, with their distinctive hollow-soled design, have gone from a niche runner's favorite to a genuine cultural staple in just a few years.
If it feels like more people around you are wearing On lately, that is not your imagination, and it is exactly the kind of grassroots signal Lynch loved to act on.

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