1 hr. ago
Concerns about the private credit market have prompted investors to withdraw capital from Blackstone's (NYSE: BX) flagship private credit fund, BCRED (Blackstone Private Credit Fund). They requested to redeem 10% of their money in the second quarter, up from 7.9% in the first quarter, well above Blackstone's quarterly withdraw cap of 5%. These withdraws and concerns about the continued negative impact of private credit have sent Blackstone's stock down more than 30% from its 52-week high.
While the withdrawals are impacting the leading alternative investment manager's stock price, here's a look at what its latest quarter says about their effect on its overall results.
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 »
Given all the headlines and the decline in Blackstone's share price, you'd expect that the financial giant's earnings would be under significant pressure. However, that hasn't been the case. Blackstone recently reported strong second-quarter financial results. Its distributable earnings surged 26% to nearly $2 billion, driven by strong fee-related earnings growth (up 22%) and net realizations (up 27%). Meanwhile, its year-to-date distributable earnings are also up 26% (to $3.7 billion).
While existing clients are pulling some of their funds from BCRED, Blackstone isn't having any trouble raising capital from investors. Total inflows approached $70 billion during the quarter, pushing its ***** ets under management up to $1.35 trillion.
#credit #blackstone #NVIDIA #billion
While the withdrawals are impacting the leading alternative investment manager's stock price, here's a look at what its latest quarter says about their effect on its overall results.
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 »
Given all the headlines and the decline in Blackstone's share price, you'd expect that the financial giant's earnings would be under significant pressure. However, that hasn't been the case. Blackstone recently reported strong second-quarter financial results. Its distributable earnings surged 26% to nearly $2 billion, driven by strong fee-related earnings growth (up 22%) and net realizations (up 27%). Meanwhile, its year-to-date distributable earnings are also up 26% (to $3.7 billion).
While existing clients are pulling some of their funds from BCRED, Blackstone isn't having any trouble raising capital from investors. Total inflows approached $70 billion during the quarter, pushing its ***** ets under management up to $1.35 trillion.
#credit #blackstone #NVIDIA #billion
7 hours ago
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Elon Musk's ******* eX pitched orbital data centers as a central part of its record-breaking IPO, but geopolitical ******* yst Peter Zeihan says the physics may not cooperate.
In a recent video, Zeihan argued a one-gigawatt orbital data center would require roughly 500 Starship launches to ******* emble.
High-end chips cannot survive radiation in ******* e, Zeihan said, so the entire facility would need shielding. That shielding would weigh roughly 20 million pounds.
Don't Miss:
#zeihan #shielding #elon
Elon Musk's ******* eX pitched orbital data centers as a central part of its record-breaking IPO, but geopolitical ******* yst Peter Zeihan says the physics may not cooperate.
In a recent video, Zeihan argued a one-gigawatt orbital data center would require roughly 500 Starship launches to ******* emble.
High-end chips cannot survive radiation in ******* e, Zeihan said, so the entire facility would need shielding. That shielding would weigh roughly 20 million pounds.
Don't Miss:
#zeihan #shielding #elon
3 days ago
(Corrects para 18 to say that CXMT will debut on the market, not launch its IPO)
SINGAPORE, July 24 (Reuters) - For months, Chinese chip manufacturer ChangXin Memory Technologies (CXMT) had been hiking prices on Huawei, one of the country's biggest technology companies. The chipmaker held firm when Huawei demanded relief from the escalating costs, according to two people familiar with the matter.
The standoff came to a head on CXMT's factory floor in June. A group of engineers from a chipmaking-equipment vendor with deep strategic ties to Huawei had been working in the cleanrooms at CXMT's core research and development zone in Hefei, Anhui province. Without warning, CXMT ordered the engineers, who had been helping with equipment maintenance, to pack their tools and leave the factory floor immediately, the two sources said.
Executives at the Huawei-connected equipment vendor, SiCarrier, concluded the confrontation was the result of the power struggle between CXMT and Huawei, the people told Reuters. The companies still do business but the engineers haven't been allowed back into the R&D zone, the two people said.
CXMT, Huawei and SiCarrier didn't respond to questions about the incident.
#cxmt #people #factory
SINGAPORE, July 24 (Reuters) - For months, Chinese chip manufacturer ChangXin Memory Technologies (CXMT) had been hiking prices on Huawei, one of the country's biggest technology companies. The chipmaker held firm when Huawei demanded relief from the escalating costs, according to two people familiar with the matter.
The standoff came to a head on CXMT's factory floor in June. A group of engineers from a chipmaking-equipment vendor with deep strategic ties to Huawei had been working in the cleanrooms at CXMT's core research and development zone in Hefei, Anhui province. Without warning, CXMT ordered the engineers, who had been helping with equipment maintenance, to pack their tools and leave the factory floor immediately, the two sources said.
Executives at the Huawei-connected equipment vendor, SiCarrier, concluded the confrontation was the result of the power struggle between CXMT and Huawei, the people told Reuters. The companies still do business but the engineers haven't been allowed back into the R&D zone, the two people said.
CXMT, Huawei and SiCarrier didn't respond to questions about the incident.
#cxmt #people #factory
3 days ago
X-Energy (XE) is back in the spotlight on Wednesday after gaining 7.22% on intraday trading following news that it will participate in a Trump administration-backed initiative aimed at accelerating nuclear reactor deployment for artificial intelligence (AI) data centers. However, the stock gave up that quick gain at the closing bell and closed with a 2.03% drop as investors fully digested the news.
This comes after a difficult few months for the advanced nuclear developer, whose shares remain 50% below their April IPO price despite the recent bounce.
Dear **** eX Stock Fans, Mark Your Calendars for July 23
Microsoft Earnings Preview: Get Ready for Soaring AI Spending to Sink MSFT Stock
Why Nvidia (NVDA) Stock Faces Sell-the-News Risk Following Its Q2 Earnings Report
#following
This comes after a difficult few months for the advanced nuclear developer, whose shares remain 50% below their April IPO price despite the recent bounce.
Dear **** eX Stock Fans, Mark Your Calendars for July 23
Microsoft Earnings Preview: Get Ready for Soaring AI Spending to Sink MSFT Stock
Why Nvidia (NVDA) Stock Faces Sell-the-News Risk Following Its Q2 Earnings Report
#following
4 days ago
September S&P 500 E-Mini futures (ESU26) are down -0.42%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.51% this morning as earnings from Alphabet and Tesla heightened concerns over the scale of AI spending, while rising oil prices drove bond yields higher.
Alphabet (GOOGL) fell nearly -4% in pre-market trading after the Google parent raised its full-year capital spending guidance to as much as $205 billion, overshadowing its stronger-than-expected Q2 results. Notably, Alphabet's quarterly cash flow turned negative for the first time since the company went public more than two decades ago, underscoring the magnitude of its capital spending. Also, Tesla (TSLA) slumped more than -5% in pre-market trading after the EV maker reported weaker-than-expected Q2 adjusted EPS, with a surge in spending leading to its first cash burn in two years.
Dear **** eX Stock Fans, Mark Your Calendars for July 23
Walmart Stock's Extended Downturn Could Trigger a Possible Comeback
The Biggest Risk to **** eX Stock Comes After Earnings. Here Are The Numbers You Should Keep An Eye On.
#spending #alphabet
Alphabet (GOOGL) fell nearly -4% in pre-market trading after the Google parent raised its full-year capital spending guidance to as much as $205 billion, overshadowing its stronger-than-expected Q2 results. Notably, Alphabet's quarterly cash flow turned negative for the first time since the company went public more than two decades ago, underscoring the magnitude of its capital spending. Also, Tesla (TSLA) slumped more than -5% in pre-market trading after the EV maker reported weaker-than-expected Q2 adjusted EPS, with a surge in spending leading to its first cash burn in two years.
Dear **** eX Stock Fans, Mark Your Calendars for July 23
Walmart Stock's Extended Downturn Could Trigger a Possible Comeback
The Biggest Risk to **** eX Stock Comes After Earnings. Here Are The Numbers You Should Keep An Eye On.
#spending #alphabet
4 days ago
Commodity traders are having the rug pulled out from under one of their biggest paydays yet as refiners start bypassing oil and traders and buying Venezuelan crude directly, according to Reuters. Refiners and major oil-producing firms are rapidly gaining market share in Venezuelan crude by locking in direct supply contracts with state-run Petróleos de Venezuela, S.A. (PDVSA), bypassing the global middlemen and commodity trading houses such as Trafigura and Vitol that previously dominated the ***** e.
Six months after traders reopened Venezuela's oil market, Phillips 66 (NYSE:PSX) and India's Reliance Industries have already signed direct supply agreements, with Valero (NYSE:VLO) and Thailand's Tipco expected to follow.
Previously, Vitol and Trafigura enjoyed first-mover advantage, managing to become dominant in Venezuelan crude marketing because of their exclusive U.S. government licenses, pre-existing logistical infrastructure and historical ties to PDVSA. Following major political shifts in Venezuela in January, the U.S. administration brokered a deal to manage and sell the country's oil. The U.S. Department of the Treasury issued special, long-term licenses specifically to Vitol and Trafigura until June 2027, effectively giving the traders a temporary monopoly. The pair collectively moved more than 100 million barrels of crude over a six-month period while other global firms remained legally locked out.
Their unmatched logistics also gave them a clear upper hand. After all, global trading houses have the fleet capacity and global reach to quickly deploy tankers and reroute large volumes of crude. They could absorb massive storage and shipping costs in a difficult market, using floating storage facilities in places like Malaysia to break up bulk shipments. When the ongoing war in Iran disrupted Middle Eastern supply chains, Vitol and Trafigura quickly diverted heavy Venezuelan grades like Merey 16 to major Asian refining hubs in India, South Korea, and Malaysia at narrower discounts.
Related: Equinor CEO: Europe May Miss Winter Gas Storage Goal
#venezuelan #crude #storage
Six months after traders reopened Venezuela's oil market, Phillips 66 (NYSE:PSX) and India's Reliance Industries have already signed direct supply agreements, with Valero (NYSE:VLO) and Thailand's Tipco expected to follow.
Previously, Vitol and Trafigura enjoyed first-mover advantage, managing to become dominant in Venezuelan crude marketing because of their exclusive U.S. government licenses, pre-existing logistical infrastructure and historical ties to PDVSA. Following major political shifts in Venezuela in January, the U.S. administration brokered a deal to manage and sell the country's oil. The U.S. Department of the Treasury issued special, long-term licenses specifically to Vitol and Trafigura until June 2027, effectively giving the traders a temporary monopoly. The pair collectively moved more than 100 million barrels of crude over a six-month period while other global firms remained legally locked out.
Their unmatched logistics also gave them a clear upper hand. After all, global trading houses have the fleet capacity and global reach to quickly deploy tankers and reroute large volumes of crude. They could absorb massive storage and shipping costs in a difficult market, using floating storage facilities in places like Malaysia to break up bulk shipments. When the ongoing war in Iran disrupted Middle Eastern supply chains, Vitol and Trafigura quickly diverted heavy Venezuelan grades like Merey 16 to major Asian refining hubs in India, South Korea, and Malaysia at narrower discounts.
Related: Equinor CEO: Europe May Miss Winter Gas Storage Goal
#venezuelan #crude #storage
4 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Samsung Electronics has tapped former Hyundai Motor Co. Ltd. robotics executive Lee Dongkun to help turn humanoid robots and physical AI into a major growth business, placing its newly created robotics division directly under the company's chief executive.
According to a Reuters report, Samsung said on Tuesday that its RX, or "Robotics eXperience," division will oversee long-term strategy, core technology development and commercialization. Lee, an executive vice president, will lead its Robotics Strategy Team after previously directing Hyundai's robotics plans, including work involving Boston Dynamics.
Don't Miss:
A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why
#executive #motor
Samsung Electronics has tapped former Hyundai Motor Co. Ltd. robotics executive Lee Dongkun to help turn humanoid robots and physical AI into a major growth business, placing its newly created robotics division directly under the company's chief executive.
According to a Reuters report, Samsung said on Tuesday that its RX, or "Robotics eXperience," division will oversee long-term strategy, core technology development and commercialization. Lee, an executive vice president, will lead its Robotics Strategy Team after previously directing Hyundai's robotics plans, including work involving Boston Dynamics.
Don't Miss:
A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why
#executive #motor
5 days ago
Nvidia (NVDA) CEO Jensen Huang's signed leather jacket sold for $960,000 Friday, the same day semiconductor stocks fell into a bear market. The contrast captures an AI boom with a cultural appeal that remains intact even as traders brace for much larger swings in its most important stocks.
Fear has surged in chip stocks while remaining remarkably contained across the broader market. The Cboe SMH Volatility Index uses options prices to estimate expected movement over the next 30 days in the VanEck Semiconductor ETF (SMH). The Cboe Volatility Index (^VIX) measures the same basic thing for the S&P 500.
Subtracting one from the other shows how much extra turbulence traders expect from chip stocks. That gap recently reached nearly 47 volatility points and remains close to 45.
That is a striking departure from the broad market panic after the "Liberation Day" tariffs were announced in April 2025. When the VIX surged over 50, the chip volatility premium was less than half its current size.
Back then, fear was everywhere. Today, it is concentrated in chips.
#stocks #semiconductor #same
Fear has surged in chip stocks while remaining remarkably contained across the broader market. The Cboe SMH Volatility Index uses options prices to estimate expected movement over the next 30 days in the VanEck Semiconductor ETF (SMH). The Cboe Volatility Index (^VIX) measures the same basic thing for the S&P 500.
Subtracting one from the other shows how much extra turbulence traders expect from chip stocks. That gap recently reached nearly 47 volatility points and remains close to 45.
That is a striking departure from the broad market panic after the "Liberation Day" tariffs were announced in April 2025. When the VIX surged over 50, the chip volatility premium was less than half its current size.
Back then, fear was everywhere. Today, it is concentrated in chips.
#stocks #semiconductor #same
5 days ago
July 21 (Reuters) - Super Micro Computer said on Tuesday it had secured more than $60 billion in new orders in the fourth quarter, and now expects gross margin to exceed its previous forecast, sending its shares surging 17.5% in extended trading.
Artificial-intelligence infrastructure firms have seen demand accelerate as tech companies and cloud providers ramp up investments in data centers to support large language models and other AI applications.
The AI server maker expects gross margins in the range of 15% to 17% for the quarter ended June 30, well above its earlier forecast of 8.2% to 8.4%, "primarily due to a favorable customer and product mix."
Super Micro's backlog grew to "record levels" at the end of fiscal year 2026, it said in a preliminarily statement of results.
It expects quarterly revenue near the low end of its $11 billion to $12.5 billion forecast range. **** ysts expect revenue of $11.67 billion, according to data complied by LSEG.
#billion #super #quarter #gross
Artificial-intelligence infrastructure firms have seen demand accelerate as tech companies and cloud providers ramp up investments in data centers to support large language models and other AI applications.
The AI server maker expects gross margins in the range of 15% to 17% for the quarter ended June 30, well above its earlier forecast of 8.2% to 8.4%, "primarily due to a favorable customer and product mix."
Super Micro's backlog grew to "record levels" at the end of fiscal year 2026, it said in a preliminarily statement of results.
It expects quarterly revenue near the low end of its $11 billion to $12.5 billion forecast range. **** ysts expect revenue of $11.67 billion, according to data complied by LSEG.
#billion #super #quarter #gross
5 days ago
Vicor Corporation (NASDAQ:VICR) reported second-quarter financial results on Tuesday that came in ahead of Wall Street expectations for both earnings and revenue.
Despite the stronger-than-expected performance, the power components manufacturer's shares declined 6.23% in pre-market trading following the release.
Adjusted earnings reached $1.04 per share, comfortably exceeding the ***** yst consensus estimate of $0.65.
Revenue increased to $143.4 million, ahead of the expected $138.4 million and up 1.7% from $141.0 million in the same quarter last year. The prior-year period included a $45.0 million patent litigation settlement. Excluding that one-off benefit, product and royalty revenue climbed 49% year over year from $96.0 million.
Net income rose to $49.8 million during the quarter, compared with $20.7 million in the first quarter of 2026 and $41.2 million in the corresponding period last year.
#revenue #earnings #last
Despite the stronger-than-expected performance, the power components manufacturer's shares declined 6.23% in pre-market trading following the release.
Adjusted earnings reached $1.04 per share, comfortably exceeding the ***** yst consensus estimate of $0.65.
Revenue increased to $143.4 million, ahead of the expected $138.4 million and up 1.7% from $141.0 million in the same quarter last year. The prior-year period included a $45.0 million patent litigation settlement. Excluding that one-off benefit, product and royalty revenue climbed 49% year over year from $96.0 million.
Net income rose to $49.8 million during the quarter, compared with $20.7 million in the first quarter of 2026 and $41.2 million in the corresponding period last year.
#revenue #earnings #last
6 days ago
By Neil J Kanatt
July 21 (Reuters) - Hasbro raised its annual revenue and profit forecasts on Tuesday, betting on resilient demand for its digital gaming business and continued strength in "Magic: The Gathering," sending the company's shares up about 11% in early trading.
The company also beat second-quarter sales and profit estimates and said the flagship "Magic" franchise fueled a 27% rise in revenue at its Wizards of the Coast and Digital Gaming unit, compared with 16% growth a year earlier.
Stronger spending by higher-income consumers helped Hasbro offset weak demand from lower-income households facing persistent inflation.
"Magic player base is growing, new players are growing, we're reacquiring lapsed players." CEO Chris **** said.
#profit #demand #income
July 21 (Reuters) - Hasbro raised its annual revenue and profit forecasts on Tuesday, betting on resilient demand for its digital gaming business and continued strength in "Magic: The Gathering," sending the company's shares up about 11% in early trading.
The company also beat second-quarter sales and profit estimates and said the flagship "Magic" franchise fueled a 27% rise in revenue at its Wizards of the Coast and Digital Gaming unit, compared with 16% growth a year earlier.
Stronger spending by higher-income consumers helped Hasbro offset weak demand from lower-income households facing persistent inflation.
"Magic player base is growing, new players are growing, we're reacquiring lapsed players." CEO Chris **** said.
#profit #demand #income
6 days ago
Intel (INTC) stock rocketed 25% higher in early trading Friday after the company reported better-than-anticipated first quarter earnings and positive Q2 outlook on Thursday, sending shares soaring as much as 15%.
Intel's Data Center segment powered the beats, as the company's central processing units (CPUs) become an increasingly important part of the AI industry.
And while Intel noted it continues to deal with supply constraints, it still expects double-digit growth in the segment for the year. PC chip sales will slow in the back half of 2026.
Elsewhere, Meta (META) will layoff 10% of its workforce, amounting to some 8,000 people. The company also won't fill 6,000 open positions.
The move comes that Microsoft (MSFT) said it will offer certain US employees voluntary buyouts. A person familiar with the matter said the company is targeting roughly 7% of the US workforce.
#workforce #intc
Intel's Data Center segment powered the beats, as the company's central processing units (CPUs) become an increasingly important part of the AI industry.
And while Intel noted it continues to deal with supply constraints, it still expects double-digit growth in the segment for the year. PC chip sales will slow in the back half of 2026.
Elsewhere, Meta (META) will layoff 10% of its workforce, amounting to some 8,000 people. The company also won't fill 6,000 open positions.
The move comes that Microsoft (MSFT) said it will offer certain US employees voluntary buyouts. A person familiar with the matter said the company is targeting roughly 7% of the US workforce.
#workforce #intc
6 days ago
L1 Capital, an investment management firm, released its "L1 Capital International Fund" (unhedged) second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The letter discusses the current investment environment as a 'two-speed' but resilient global economy, accompanied by an uncertain future. The letter explores the potential of an AI bubble, distinguishing between strong fundamentals and speculative momentum. Additionally, the market displays a 'narrow' character, marked by high exuberance and ******* ounced over-pessimism. Against this backdrop, the Fund returned +2.6% (net of fees) during the June 2026 quarter, compared to the benchmark return of +12.5% (all in A$). The underperformance was driven more by which investments were not held in the Fund. The Fund remains focused on quality, valuation and the avoidance of permanent capital loss, and believes the portfolio is positioned to deliver attractive risk-adjusted returns for patient investors. In addition, you can check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, L1 Capital International Fund highlighted CDW Corporation (NASDAQ:CDW). CDW Corporation (NASDAQ:CDW) is an information technology (IT) solutions company that operates through its Commercial, Government, and Education segments. On July 17, 2026, CDW Corporation (NASDAQ:CDW) closed at $133.24 per share. One-month return of CDW Corporation (NASDAQ:CDW) was 7.83%, and its shares lost 24.67% over the past 52 weeks. CDW Corporation (NASDAQ:CDW) has a market capitalization of $17.02 billion.
L1 Capital International Fund stated the following regarding CDW Corporation (NASDAQ:CDW) in its Q2 2026 investor update:
"CDW Corporation (NASDAQ:CDW) is a leading provider of products and solutions in the information technology (IT) industry in North America and the U.K. It acts as a value-added reseller for many of the leading IT businesses. Management is executing solidly in subdued market conditions. Most of the AI implications for CDW are second-order. For example, clients may spend less on the products and solutions sold by CDW and more on AI-centric solutions.
We divested CDW to fund larger investments in several high-quality businesses that are not AI sensitive and trading below our ******* sed fair value, thus offering a compelling investment opportunity particularly for investors who are less driven by short term momentum and have a longer-term investment horizon. Examples include American Express, Apollo Group, Danaher, HCA and ICE."
#corporation #solutions
In its Q2 2026 investor letter, L1 Capital International Fund highlighted CDW Corporation (NASDAQ:CDW). CDW Corporation (NASDAQ:CDW) is an information technology (IT) solutions company that operates through its Commercial, Government, and Education segments. On July 17, 2026, CDW Corporation (NASDAQ:CDW) closed at $133.24 per share. One-month return of CDW Corporation (NASDAQ:CDW) was 7.83%, and its shares lost 24.67% over the past 52 weeks. CDW Corporation (NASDAQ:CDW) has a market capitalization of $17.02 billion.
L1 Capital International Fund stated the following regarding CDW Corporation (NASDAQ:CDW) in its Q2 2026 investor update:
"CDW Corporation (NASDAQ:CDW) is a leading provider of products and solutions in the information technology (IT) industry in North America and the U.K. It acts as a value-added reseller for many of the leading IT businesses. Management is executing solidly in subdued market conditions. Most of the AI implications for CDW are second-order. For example, clients may spend less on the products and solutions sold by CDW and more on AI-centric solutions.
We divested CDW to fund larger investments in several high-quality businesses that are not AI sensitive and trading below our ******* sed fair value, thus offering a compelling investment opportunity particularly for investors who are less driven by short term momentum and have a longer-term investment horizon. Examples include American Express, Apollo Group, Danaher, HCA and ICE."
#corporation #solutions
7 days ago
Giverny Capital **** et Management, LLC, an investment management company, recently published its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The model portfolio returned 13.70% this quarter, compared to the S&P 500's 15.20% return. YTD, the portfolio gained 5.89%, while the index increased by 10.21%. The long-term link between stock appreciation and earnings growth is strong; Benjamin Graham described the market as a "voting machine" in the short term and a "weighing machine" in the long term. Despite the S&P 500's 10.2% rise in the first half of the year, 210 stocks lost value, indicating market anomalies. High-quality earnings compounders that benefit from AI capabilities are likely to maintain their competitive edge. Recently, the market has increasingly chased momentum. Tech giants are taking advantage of the optimism of investors amid fears of an AI bubble. Despite strong profit margins, reliance on "moonshot" investments raises sustainability concerns. The author recommends investing in both emerging tech leaders and established firms. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Giverny Capital **** et Management highlighted The Progressive Corporation (NYSE:PGR). The Progressive Corporation (NYSE:PGR) is a leading auto insurer in the United States offering personal autos and special lines products. On July 20, 2026, The Progressive Corporation (NYSE:PGR) closed at $212.23 per share. The one-month return of The Progressive Corporation (NYSE:PGR) was -1.60%, and its shares lost 14.21% over the past 52 weeks. The Progressive Corporation (NYSE:PGR) has a market capitalization of $123.39 billion.
Giverny Capital **** et Management stated the following regarding The Progressive Corporation (NYSE:PGR) in its Q2 2026 investor update:
"Roughly 40% of the Index outperforming the average and 60% underperforming is not so unusual, but two-thirds of that lagging group underperforming by more than 10 percentage points seems like a lot. Even this level of dispersion might make sense if most of the earnings growth in the Index was concentrated in the 200 stocks that were up double digits. This is not the case. We own Index constituents such as Charles Schwab, JP Morgan, Mastercard and The Progressive Corporation (NYSE:PGR) that continue to grow their earnings per share at healthy rates and in some cases at higher rates than usual, but whose stock prices are lagging.
The consensus of Wall Street **** ysts says Progressive will report lower earnings this year than last, as auto insurance rates are in decline after years of rate inflation. Progressive's growth rate is indeed slowing, but for the first half of 2026 its EPS rose 7%. Despite this, the share price dropped 4% for the first half of the year. We added to our position in June. For the first time in years, Progressive has been buying back its stock."
#NYSE #earnings #asset
In its Q2 2026 investor letter, Giverny Capital **** et Management highlighted The Progressive Corporation (NYSE:PGR). The Progressive Corporation (NYSE:PGR) is a leading auto insurer in the United States offering personal autos and special lines products. On July 20, 2026, The Progressive Corporation (NYSE:PGR) closed at $212.23 per share. The one-month return of The Progressive Corporation (NYSE:PGR) was -1.60%, and its shares lost 14.21% over the past 52 weeks. The Progressive Corporation (NYSE:PGR) has a market capitalization of $123.39 billion.
Giverny Capital **** et Management stated the following regarding The Progressive Corporation (NYSE:PGR) in its Q2 2026 investor update:
"Roughly 40% of the Index outperforming the average and 60% underperforming is not so unusual, but two-thirds of that lagging group underperforming by more than 10 percentage points seems like a lot. Even this level of dispersion might make sense if most of the earnings growth in the Index was concentrated in the 200 stocks that were up double digits. This is not the case. We own Index constituents such as Charles Schwab, JP Morgan, Mastercard and The Progressive Corporation (NYSE:PGR) that continue to grow their earnings per share at healthy rates and in some cases at higher rates than usual, but whose stock prices are lagging.
The consensus of Wall Street **** ysts says Progressive will report lower earnings this year than last, as auto insurance rates are in decline after years of rate inflation. Progressive's growth rate is indeed slowing, but for the first half of 2026 its EPS rose 7%. Despite this, the share price dropped 4% for the first half of the year. We added to our position in June. For the first time in years, Progressive has been buying back its stock."
#NYSE #earnings #asset
8 days ago
The two largest semiconductor exchange-traded funds (ETFs) are the iShares Semiconductor ETF (NASDAQ: SOXX) and the VanEck Semiconductor ETF (NASDAQ: SMH). Combined, they have more than $115 billion in **** ets under management and are the two most popular ways to play the current chip rally.
At a high level, the two are pretty similar. Both have portfolios of around 25 to 30 names. They have nearly the same expense ratio. You might think the two are interchangeable.
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 »
They're not. In fact, some very simple differences in their construction strategies produce two very different portfolios. One factor in particular makes me think that the iShares Semiconductor ETF is the better choice moving forward.
These two ETFs hold mostly the same individual companies. SOXX holds a couple more, but that's only because of a slight variation in how the funds define semiconductor companies.
At a high level, the two are pretty similar. Both have portfolios of around 25 to 30 names. They have nearly the same expense ratio. You might think the two are interchangeable.
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 »
They're not. In fact, some very simple differences in their construction strategies produce two very different portfolios. One factor in particular makes me think that the iShares Semiconductor ETF is the better choice moving forward.
These two ETFs hold mostly the same individual companies. SOXX holds a couple more, but that's only because of a slight variation in how the funds define semiconductor companies.
8 days ago
Chad Anderson is the founder and CEO of ***** e Capital, where he has been pioneering investment in the ***** e economy for over a decade. He is also the author of "The ***** e Economy," published by Wiley. Disclosure: Anderson is an early investor in ***** eX, along with dozens of other ***** e companies.
Every quarter, ***** e Capital tracks every dollar flowing into the ***** e economy. The midyear numbers are in: Private investment totaled $31.6 billion across 129 ***** e companies in the first half of 2026 — more than all of 2025, making this the strongest year on record for the ***** e economy, with two quarters still to go.
Since ***** eX (SPCX) came online in 2009, the ***** e economy has attracted $488 billion across more than 2,400 companies. If the ***** eX initial public offering (IPO) felt like a climax for the sector, the data suggests it was just the opening act.
No event looms larger over these numbers than that IPO. The market finally has a public benchmark for the company that has done more than any other to shape the modern ***** e economy. Yet almost immediately, the conversation shifted from valuation to identity, with some ***** ysts asking whether ***** eX should even be considered a ***** e company anymore.
That question misses the point. Wall Street has always categorized ***** e under aerospace and defense — hardware businesses valued on government contracts and program backlogs. That box no longer fits. The value in ***** e is accruing in layers that ***** ysts cover elsewhere: communications, compute, and AI.
Every quarter, ***** e Capital tracks every dollar flowing into the ***** e economy. The midyear numbers are in: Private investment totaled $31.6 billion across 129 ***** e companies in the first half of 2026 — more than all of 2025, making this the strongest year on record for the ***** e economy, with two quarters still to go.
Since ***** eX (SPCX) came online in 2009, the ***** e economy has attracted $488 billion across more than 2,400 companies. If the ***** eX initial public offering (IPO) felt like a climax for the sector, the data suggests it was just the opening act.
No event looms larger over these numbers than that IPO. The market finally has a public benchmark for the company that has done more than any other to shape the modern ***** e economy. Yet almost immediately, the conversation shifted from valuation to identity, with some ***** ysts asking whether ***** eX should even be considered a ***** e company anymore.
That question misses the point. Wall Street has always categorized ***** e under aerospace and defense — hardware businesses valued on government contracts and program backlogs. That box no longer fits. The value in ***** e is accruing in layers that ***** ysts cover elsewhere: communications, compute, and AI.
9 days ago
For all the time AI can save us, there's a growing concern that it may be costing some workers something else just as precious — practice.
A quick ChatGPT prompt can turn a rough email into a polished one. It can summarize a lengthy report, suggest ideas for a presentation, or help untangle a spreadsheet problem. Those shortcuts are part of why millions of people have started using AI at work.
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
A quick ChatGPT prompt can turn a rough email into a polished one. It can summarize a lengthy report, suggest ideas for a presentation, or help untangle a spreadsheet problem. Those shortcuts are part of why millions of people have started using AI at work.
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
10 days ago
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Federal Reserve chair Kevin Warsh has adopted an optimistic view (1) around the AI spending blitz from large tech firms that's reshaping the U.S. economy.
He argues that the spread of AI among American workers will increase their productivity and in turn boost corporate profits and employee paychecks without triggering inflation. But so far, many of his colleagues on the Federal Open Market Committee (FMOC) disagree with him.
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
Federal Reserve chair Kevin Warsh has adopted an optimistic view (1) around the AI spending blitz from large tech firms that's reshaping the U.S. economy.
He argues that the spread of AI among American workers will increase their productivity and in turn boost corporate profits and employee paychecks without triggering inflation. But so far, many of his colleagues on the Federal Open Market Committee (FMOC) disagree with him.
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
10 days ago
Taiwan Semiconductor Manufacturing (TSM) on Thursday beat ******* yst estimates for the second quarter and with its outlook. But TSM stock fell after the report.
The world's largest contract chipmaker, better known as TSMC, earned $4.31 per U.S. share on sales of $40.2 billion in the June quarter. ******* ysts polled by FactSet had expected TSMC to earn $3.81 a share on sales of $39.85 billion. In the year-earlier period, TSMC earned $2.61 a share on sales of $31.75 billion.
In local currency, TSMC earnings increased 77.4% year over year in Q2 while sales rose 36%.
For the current quarter, TSMC expects revenue of $44.6 billion to $45.8 billion. The midpoint of $45.2 billion beat the consensus estimate of $43.67 billion. In the third quarter last year, Taiwan Semiconductor posted sales of $32.34 billion.
On the stock market today, TSM stock slid 2.3% to close at 409.74.
The world's largest contract chipmaker, better known as TSMC, earned $4.31 per U.S. share on sales of $40.2 billion in the June quarter. ******* ysts polled by FactSet had expected TSMC to earn $3.81 a share on sales of $39.85 billion. In the year-earlier period, TSMC earned $2.61 a share on sales of $31.75 billion.
In local currency, TSMC earnings increased 77.4% year over year in Q2 while sales rose 36%.
For the current quarter, TSMC expects revenue of $44.6 billion to $45.8 billion. The midpoint of $45.2 billion beat the consensus estimate of $43.67 billion. In the third quarter last year, Taiwan Semiconductor posted sales of $32.34 billion.
On the stock market today, TSM stock slid 2.3% to close at 409.74.
11 days ago
Two-day chart shows the Nasdaq led major indexes lower Friday.
Stocks were headed for a losing week Friday amid disheartening earnings from Netflix (NFLX) and the latest updates from the housing sector. ****** e Exploration Technologies (SPCX), known as ****** eX, was an early loser on the stock market today after a canceled test flight while Intuitive Surgical (ISRG) tumbled as a key metric disappointed investors.
The Dow Jones Industrial Average was flat as the S&P 500 fell 0.6%. The tech-heavy Nasdaq faced the brunt of a sell-off in tech and sank 1.2% in morning trading.
West Texas intermediate crude oil futures climbed to around $81.80 per barrel. The 10-year Treasury yield was down at 4.52%. Meanwhile, bitcoin fell near $63,300.
News from the housing front was mixed with housing starts beating economist expectations for June, yet the number of building permits issued missed forecasts.
Stocks were headed for a losing week Friday amid disheartening earnings from Netflix (NFLX) and the latest updates from the housing sector. ****** e Exploration Technologies (SPCX), known as ****** eX, was an early loser on the stock market today after a canceled test flight while Intuitive Surgical (ISRG) tumbled as a key metric disappointed investors.
The Dow Jones Industrial Average was flat as the S&P 500 fell 0.6%. The tech-heavy Nasdaq faced the brunt of a sell-off in tech and sank 1.2% in morning trading.
West Texas intermediate crude oil futures climbed to around $81.80 per barrel. The 10-year Treasury yield was down at 4.52%. Meanwhile, bitcoin fell near $63,300.
News from the housing front was mixed with housing starts beating economist expectations for June, yet the number of building permits issued missed forecasts.
11 days ago
Regency Centers Corporation (REG), headquartered in Jacksonville, Florida, is a leading real estate investment trust (REIT) that owns, operates, and develops shopping centers located in suburban trade areas with compelling demographics. Valued at $14.6 billion by market cap, the company's portfolio includes properties with highly productive grocers, restaurants, service providers, and leading retailers. The leading retail REIT is expected to announce its fiscal second-quarter earnings for 2026 after the market closes on Wednesday, Jul. 29.
Ahead of the event, ****** ysts expect REG to report an FFO of $1.20 per share on a diluted basis, up 3.5% from $1.16 per share in the year-ago quarter. The company beat or matched the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
Elon Musk Dubs Him 'Scam Altman' Not Sam — Then Altman Clapped Back: 'Homeboy You're The One Selling ****** e Datacenters'
Oracle Stock Crashes to a 52-Week Low. Here's Why It Might Be Time to Buy.
Short Seller Hunterbrook Attacked Bloom Energy's Supply-Chain Claims. BE Stock Is Bruised, But Not Broken.
Ahead of the event, ****** ysts expect REG to report an FFO of $1.20 per share on a diluted basis, up 3.5% from $1.16 per share in the year-ago quarter. The company beat or matched the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
Elon Musk Dubs Him 'Scam Altman' Not Sam — Then Altman Clapped Back: 'Homeboy You're The One Selling ****** e Datacenters'
Oracle Stock Crashes to a 52-Week Low. Here's Why It Might Be Time to Buy.
Short Seller Hunterbrook Attacked Bloom Energy's Supply-Chain Claims. BE Stock Is Bruised, But Not Broken.
12 days ago
Argus
•
Jul 16, 2026
Sector(s)
Utilities, Financial Services, Technology, Healthcare, Industrials, Consumer Defensive
•
Jul 16, 2026
Sector(s)
Utilities, Financial Services, Technology, Healthcare, Industrials, Consumer Defensive
13 days ago
Sandisk Corporation (NASDAQ:SNDK) was among Jim Cramer's stock calls on Mad Money, as he advised investors to stick with the largest tech companies in the market. Cramer highlighted how the company's rally got triggered. He remarked:
Now, today was one of those days where the complex of Micron, Seagate, Lumentum, Corning, Western Digital, and Sandisk all took off, and they're all at the top of the S&P 500 leaderboard. These are all companies that make products where there's intense demand right now, mostly from the data center, and there's not enough supply.
This rally got triggered by an **** yst who raised his price target for Sandisk from $1,200 to $2,000. Where was that guy? Was he like hiking in the Andes for a while? I don't know. Come on, wake up. There was a clarion call that there are plenty of price increases still to come for their data storage products. When traders see that, they do three things, okay? They do three things. We're going to get them in the order that they do them. First thing they do, okay, well, they buy the stocks I just mentioned.
Photo by Yiorgos Ntrahas on Unsplash
Sandisk Corporation (NASDAQ:SNDK) sells NAND flash-based storage solutions, including solid-state drives, embedded storage, removable cards, and USB drives.
Now, today was one of those days where the complex of Micron, Seagate, Lumentum, Corning, Western Digital, and Sandisk all took off, and they're all at the top of the S&P 500 leaderboard. These are all companies that make products where there's intense demand right now, mostly from the data center, and there's not enough supply.
This rally got triggered by an **** yst who raised his price target for Sandisk from $1,200 to $2,000. Where was that guy? Was he like hiking in the Andes for a while? I don't know. Come on, wake up. There was a clarion call that there are plenty of price increases still to come for their data storage products. When traders see that, they do three things, okay? They do three things. We're going to get them in the order that they do them. First thing they do, okay, well, they buy the stocks I just mentioned.
Photo by Yiorgos Ntrahas on Unsplash
Sandisk Corporation (NASDAQ:SNDK) sells NAND flash-based storage solutions, including solid-state drives, embedded storage, removable cards, and USB drives.
14 days ago
AppLovin Corporation (NASDAQ:APP) is one of the Best Monopoly Stocks to Buy According to Hedge Funds. On July 7, Wells Fargo lifted the price objective on the company's stock to $575 from $571, and maintained an "Overweight" rating. The **** yst noted that mobile game checks in Q2 reflect weakness in the return on advertising spend because of cost-per-install inflation.
Furthermore, AppLovin Corporation (NASDAQ:APP)'s category share has peaked at ~45%, added the **** yst. Also, web advertising share of wallet is 5% – 10% and did not change much on a YTD basis. The new advertiser growth is modest. As per the **** yst, the setup heading into Q2 earnings remains tough.
In a different update, Fitch Ratings upgraded AppLovin Corporation (NASDAQ:APP)'s Long-Term Issuer Default Rating to 'BBB+' from 'BBB'. Also, it upgraded the company's revolving credit facility and unsecured notes to 'BBB+' from 'BBB'. The upgrade is backed by AppLovin Corporation (NASDAQ:APP)'s leading and strong market position in mobile gaming and elevated scale of spend on its platforms.
AppLovin Corporation (NASDAQ:APP) is a technology company that provides AI-powered software solutions designed to help businesses, primarily mobile app developers, grow by acquiring users and monetizing their apps.
While we acknowledge the potential of APP 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.
Furthermore, AppLovin Corporation (NASDAQ:APP)'s category share has peaked at ~45%, added the **** yst. Also, web advertising share of wallet is 5% – 10% and did not change much on a YTD basis. The new advertiser growth is modest. As per the **** yst, the setup heading into Q2 earnings remains tough.
In a different update, Fitch Ratings upgraded AppLovin Corporation (NASDAQ:APP)'s Long-Term Issuer Default Rating to 'BBB+' from 'BBB'. Also, it upgraded the company's revolving credit facility and unsecured notes to 'BBB+' from 'BBB'. The upgrade is backed by AppLovin Corporation (NASDAQ:APP)'s leading and strong market position in mobile gaming and elevated scale of spend on its platforms.
AppLovin Corporation (NASDAQ:APP) is a technology company that provides AI-powered software solutions designed to help businesses, primarily mobile app developers, grow by acquiring users and monetizing their apps.
While we acknowledge the potential of APP 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.
14 days ago
In Cathie Wood's Ark Genomic Revolution ETF (NYSEMKT: ARKG), as of July 10, the three top holdings are Tempus AI, 10x Genomics, and Twist Bioscience. But digging past the top 10 holdings, there's a $1.8 billion biotech company with a growing drug pipeline that's also landed big-name healthcare partnerships.
That company is Recursion Pharmaceuticals (NASDAQ: RXRX), and the Ark Genomic Revolution ETF currently owns over $50 million worth of its stock.
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 »
As more companies tap into the power of artificial intelligence (AI) to accelerate drug discovery and uncover novel solutions, Recursion stands out for the massive amount of data it can generate, as well as for its partnerships.
Each week, it uses robotics and computer vision to capture millions of cell experiments, potentially helping to speed up drug development. It currently has seven drugs in various clinical stages in its pipeline, and its candidate REC-4881, designed to treat a rare genetic condition that can lead to cancer, is one of the drugs that's furthest along in trials. REC-4881 has shown positive proof-of-concept data, with additional phase 1b/2 data expected in the first half of 2027.
That company is Recursion Pharmaceuticals (NASDAQ: RXRX), and the Ark Genomic Revolution ETF currently owns over $50 million worth of its stock.
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 »
As more companies tap into the power of artificial intelligence (AI) to accelerate drug discovery and uncover novel solutions, Recursion stands out for the massive amount of data it can generate, as well as for its partnerships.
Each week, it uses robotics and computer vision to capture millions of cell experiments, potentially helping to speed up drug development. It currently has seven drugs in various clinical stages in its pipeline, and its candidate REC-4881, designed to treat a rare genetic condition that can lead to cancer, is one of the drugs that's furthest along in trials. REC-4881 has shown positive proof-of-concept data, with additional phase 1b/2 data expected in the first half of 2027.
15 days ago
By ******* hree Mukherjee
July 13 (Reuters) - Oil prices surged more than 3% on Monday after renewed military strikes between the United States and Iran reignited concerns over energy shipments through the Strait of Hormuz.
Brent crude futures were up $2.47, or 3.25%, to $78.48 at 1145 GMT, while U.S. West Texas Intermediate crude was up $2.35, or 3.29%, to $73.76 a barrel.
"The focus will remain on the number of inbound tankers as a lower number could impact production, so currently we see a risk premium but as well a disruption risk supporting prices," said UBS ******* yst Giovanni Staunovo.
Fresh U.S. and Iranian strikes over the weekend fueled fears of a renewed escalation. Tehran targeted U.S. facilities across the Gulf on Sunday and said it had again closed the Strait of Hormuz. Iran's Revolutionary Guards said on Monday they had attacked U.S. military bases in Kuwait and Bahrain.
July 13 (Reuters) - Oil prices surged more than 3% on Monday after renewed military strikes between the United States and Iran reignited concerns over energy shipments through the Strait of Hormuz.
Brent crude futures were up $2.47, or 3.25%, to $78.48 at 1145 GMT, while U.S. West Texas Intermediate crude was up $2.35, or 3.29%, to $73.76 a barrel.
"The focus will remain on the number of inbound tankers as a lower number could impact production, so currently we see a risk premium but as well a disruption risk supporting prices," said UBS ******* yst Giovanni Staunovo.
Fresh U.S. and Iranian strikes over the weekend fueled fears of a renewed escalation. Tehran targeted U.S. facilities across the Gulf on Sunday and said it had again closed the Strait of Hormuz. Iran's Revolutionary Guards said on Monday they had attacked U.S. military bases in Kuwait and Bahrain.
16 days ago
We recently published Bill Miller Portfolio: Top 10 Stock Picks. Conduent Incorporated (NASDAQ:CNDT) is one of the top stock picks.
Conduent Incorporated (NASDAQ:CNDT) is a business process technology company. Its shares are down by 44% over the past year and by 20% year-to-date. The firm has been in the news several times in 2026. For instance, in February, cybersecurity firm MalwareBytes reported that Conduent Incorporated (NASDAQ:CNDT)'s data breach, first reported in October 2025, was worse than initially believed. It estimates that 25 million people across the US were affected and added that not only was the breach one of the largest in US history, but the stolen data covered details such as social security numbers, legal names and health insurance data.
photo by Business-laptop-campaign-creators on Unsplash
On June 30th, Conduent Incorporated (NASDAQ:CNDT) announced that it was selling its tolling business to a Canadian firm for a $70 million price tag. The deal is expected to close before the end of this year and the firm's CEO outlined that it was part of his firm's effort to simplify its business and focus on core operations.
While we acknowledge the potential of CNDT 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.
Conduent Incorporated (NASDAQ:CNDT) is a business process technology company. Its shares are down by 44% over the past year and by 20% year-to-date. The firm has been in the news several times in 2026. For instance, in February, cybersecurity firm MalwareBytes reported that Conduent Incorporated (NASDAQ:CNDT)'s data breach, first reported in October 2025, was worse than initially believed. It estimates that 25 million people across the US were affected and added that not only was the breach one of the largest in US history, but the stolen data covered details such as social security numbers, legal names and health insurance data.
photo by Business-laptop-campaign-creators on Unsplash
On June 30th, Conduent Incorporated (NASDAQ:CNDT) announced that it was selling its tolling business to a Canadian firm for a $70 million price tag. The deal is expected to close before the end of this year and the firm's CEO outlined that it was part of his firm's effort to simplify its business and focus on core operations.
While we acknowledge the potential of CNDT 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.
16 days ago
The numbers are hard to look at. If you put $10,000 into American Bitcoin Corp, the Bitcoin mining company co-founded by Eric Trump and Donald Trump Jr., around this time last year, that position is worth approximately $260 today. A loss of 97 percent in twelve months.
The stock, trading under the ticker ABTC on NASDAQ, was changing hands at around $14 a year ago on a pre-split adjusted basis.
Today it sits near $5.86, and that figure comes after a 1-for-15 reverse stock split the company executed on July 6, 2026, which mechanically inflated the per-share price without changing the underlying value.
American Bitcoin was positioned as the most politically connected Bitcoin mining play in the market. The company integrates scaled Bitcoin mining operations with disciplined accumulation strategies, with Eric Trump serving as Chief Strategy Officer.
Related: If you invested $10,000 in Bitcoin, Trump meme coin, and gold when Trump took office, here's what you'd have today
The stock, trading under the ticker ABTC on NASDAQ, was changing hands at around $14 a year ago on a pre-split adjusted basis.
Today it sits near $5.86, and that figure comes after a 1-for-15 reverse stock split the company executed on July 6, 2026, which mechanically inflated the per-share price without changing the underlying value.
American Bitcoin was positioned as the most politically connected Bitcoin mining play in the market. The company integrates scaled Bitcoin mining operations with disciplined accumulation strategies, with Eric Trump serving as Chief Strategy Officer.
Related: If you invested $10,000 in Bitcoin, Trump meme coin, and gold when Trump took office, here's what you'd have today
17 days ago
Chevron has signed a new long-term natural gas supply agreement with Alinta Energy, extending a partnership that has supplied Western Australia for more than 40 years and strengthening domestic gas availability in the state.
Under the agreement, Chevron will deliver 46 petajoules of gas over five years beginning in July 2027. The supply will come from the company's equity interests in the Chevron-operated Gorgon and Wheatstone LNG projects, as well as the North West Shelf Project.
The deal provides Alinta Energy, one of Western Australia's largest gas retailers, with long-term supply certainty to serve residential, commercial, and industrial customers. For Chevron, the agreement reinforces the role of its major LNG developments in supporting the state's domestic gas market under Western Australia's domestic gas reservation policy.
Chevron Australia President Balaji Krishnamurthy said the company's Gorgon and Wheatstone projects have become key pillars of the state's energy system since starting operations nearly a decade ago, together supplying about 40% of Western Australia's domestic gas demand.
The agreement comes as gas continues to play a central role in Western Australia's power generation, mining sector and broader industrial economy, while policymakers and market participants seek to maintain reliable domestic supply alongside LNG exports.
Under the agreement, Chevron will deliver 46 petajoules of gas over five years beginning in July 2027. The supply will come from the company's equity interests in the Chevron-operated Gorgon and Wheatstone LNG projects, as well as the North West Shelf Project.
The deal provides Alinta Energy, one of Western Australia's largest gas retailers, with long-term supply certainty to serve residential, commercial, and industrial customers. For Chevron, the agreement reinforces the role of its major LNG developments in supporting the state's domestic gas market under Western Australia's domestic gas reservation policy.
Chevron Australia President Balaji Krishnamurthy said the company's Gorgon and Wheatstone projects have become key pillars of the state's energy system since starting operations nearly a decade ago, together supplying about 40% of Western Australia's domestic gas demand.
The agreement comes as gas continues to play a central role in Western Australia's power generation, mining sector and broader industrial economy, while policymakers and market participants seek to maintain reliable domestic supply alongside LNG exports.
