2 days ago
Cerebras Systems (NASDAQ:CBRS) has been cut in half. Shares of the artificial intelligence (AI) computing specialist peaked at $386.34 on their first day of trading in May, a day after the company priced its initial public offering (IPO) at $185 and raised $6.4 billion. As of this writing, the stock trades around $184 -- about 52% below the high, and just under that IPO price.
A decline like that usually follows a stumble: a guidance cut, a lost customer, a bad quarter. Cerebras hasn't had one. Shares dropped double digits anyway the day after its mid-August update, arguably the company's strongest yet and one in which management raised its outlook for the year.
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 »
Yet even at half price, the stock costs about 145 times the earnings **** ysts expect the company to generate next year.
What did the fall reprice -- the business, or just the price tag?
#signal #company #half
A decline like that usually follows a stumble: a guidance cut, a lost customer, a bad quarter. Cerebras hasn't had one. Shares dropped double digits anyway the day after its mid-August update, arguably the company's strongest yet and one in which management raised its outlook for the year.
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 »
Yet even at half price, the stock costs about 145 times the earnings **** ysts expect the company to generate next year.
What did the fall reprice -- the business, or just the price tag?
#signal #company #half
2 days ago
Investors were quick to pull money out of spot Bitcoin (CRYPTO: $BTC) exchange-traded funds (ETFs) after the Clarity Act failed to advance in the U.S. Senate.
Market data shows that a dozen Bitcoin ETFs in the U.S. saw outflows of $450 million U.S. on Sept. 15, the biggest one-day redemption since June 25th of this year.
The outflows came shortly after the U.S. Senate declined to advance the "Digital **** et Market Clarity Act" that would provide a regulatory framework for cryptocurrencies.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#Crypto
Market data shows that a dozen Bitcoin ETFs in the U.S. saw outflows of $450 million U.S. on Sept. 15, the biggest one-day redemption since June 25th of this year.
The outflows came shortly after the U.S. Senate declined to advance the "Digital **** et Market Clarity Act" that would provide a regulatory framework for cryptocurrencies.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#Crypto
3 days ago
Fidelity Investments, an investment management company, recently released its second-quarter 2026 investor letter for the "Fidelity Dividend Growth Fund". The letter can be downloaded here. The Fidelity Dividend Growth Fund is a diversified large-cap equity strategy focused on capital appreciation through investments in large- and mid-cap stocks with strong dividend growth prospects. The fund returned 17.05% in the quarter, outperforming the S&P 500 Index, which gained 15.20%. U.S. stocks experienced significant gains in Q2, driven by increased spending on artificial intelligence. Technology stocks gained 31.79%, mainly driven by semiconductor companies, while the index faced a slight decline in June as investors considered the sustainability of AI-related profits amidst rising interest rates. Despite recent turbulence from the Middle East conflict, the fund remains optimistic about key investment themes, particularly in artificial intelligence. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Fidelity Dividend Growth Fund highlighted Advanced Micro Devices, Inc. (NASDAQ:AMD). Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company that designs and manufactures AI accelerators, microprocessors, and graphics processing units. On September 14, 2026, Advanced Micro Devices, Inc. (NASDAQ:AMD) closed at $493.41 per share, reflecting a market capitalization of $805.61 billion. Over the past month, Advanced Micro Devices, Inc. (NASDAQ:AMD) returned 7.72%, but its shares are up 226.08% over the past year.
Fidelity Dividend Growth Fund stated the following regarding Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q2 2026 investor letter:
"On the other hand, security selection in industrials and materials meaningfully detracted for the quarter, along with a large overweight in the lagging energy sector. The five largest relative detractors were all strong-performing benchmark components in the technology sector that the fund didn't own during the quarter. For example, Advanced Micro Devices, Inc. (NASDAQ:AMD) (+186%) was the largest relative detractor for the period. AMD competes in many markets with Nvidia, which we preferred and has outperformed AMD in many recent quarters. Also, AMD pays no dividend, whereas Nvidia does. The past three months, though, AMD had by far the better return, aided by better-than-expected earnings for Q1 that were driven by accelerating demand for AI infrastructure."
#devices #NASDAQ #letter
In its second-quarter 2026 investor letter, Fidelity Dividend Growth Fund highlighted Advanced Micro Devices, Inc. (NASDAQ:AMD). Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company that designs and manufactures AI accelerators, microprocessors, and graphics processing units. On September 14, 2026, Advanced Micro Devices, Inc. (NASDAQ:AMD) closed at $493.41 per share, reflecting a market capitalization of $805.61 billion. Over the past month, Advanced Micro Devices, Inc. (NASDAQ:AMD) returned 7.72%, but its shares are up 226.08% over the past year.
Fidelity Dividend Growth Fund stated the following regarding Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q2 2026 investor letter:
"On the other hand, security selection in industrials and materials meaningfully detracted for the quarter, along with a large overweight in the lagging energy sector. The five largest relative detractors were all strong-performing benchmark components in the technology sector that the fund didn't own during the quarter. For example, Advanced Micro Devices, Inc. (NASDAQ:AMD) (+186%) was the largest relative detractor for the period. AMD competes in many markets with Nvidia, which we preferred and has outperformed AMD in many recent quarters. Also, AMD pays no dividend, whereas Nvidia does. The past three months, though, AMD had by far the better return, aided by better-than-expected earnings for Q1 that were driven by accelerating demand for AI infrastructure."
#devices #NASDAQ #letter
9 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
US tech giants such as Meta Platforms Inc. and Google parent Alphabet Inc. have been heavily investing in data center expansion across.
Yorkville Ives partner Dan Ives estimates that between 1,000 and 1,500 data centers are currently in motion across the United States to power demand for hyperscalers and neo-clouds.
However, community pushback is escalating. Critics have raised concerns about power-grid strain, environmental impact and higher utility bills.
Don't Miss:
#ives #platforms #alphabet
US tech giants such as Meta Platforms Inc. and Google parent Alphabet Inc. have been heavily investing in data center expansion across.
Yorkville Ives partner Dan Ives estimates that between 1,000 and 1,500 data centers are currently in motion across the United States to power demand for hyperscalers and neo-clouds.
However, community pushback is escalating. Critics have raised concerns about power-grid strain, environmental impact and higher utility bills.
Don't Miss:
#ives #platforms #alphabet
11 days ago
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Ever wondered what it would be like to have seven-figures in your 401(k) plan? Well, for at least 769,000 Americans, that's a reality. That's the number of people with at least $1 million in their 401(k) at the end of June 2026, according to Fidelity data cited by Yahoo Finance (1).
That's a tiny fraction of adults with retirement accounts. If you're in this club, you're extremely lucky. You're also sitting on a relatively large IOU to the tax authorities. At age 73, the Internal Revenue Service (IRS) (2) imposes required minimum distributions (RMDs), which are generally taxed as ordinary income.
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 sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold
#like #wealth #ever
Ever wondered what it would be like to have seven-figures in your 401(k) plan? Well, for at least 769,000 Americans, that's a reality. That's the number of people with at least $1 million in their 401(k) at the end of June 2026, according to Fidelity data cited by Yahoo Finance (1).
That's a tiny fraction of adults with retirement accounts. If you're in this club, you're extremely lucky. You're also sitting on a relatively large IOU to the tax authorities. At age 73, the Internal Revenue Service (IRS) (2) imposes required minimum distributions (RMDs), which are generally taxed as ordinary income.
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 sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold
#like #wealth #ever
15 days ago
Valued at $83.1 billion by market cap, Airbnb, Inc. (ABNB) is a global online travel marketplace that connects travelers with hosts offering accommodations, including homes, apartments, villas, and boutique hotels. The San Francisco, California-based platform has expanded beyond stays to include Airbnb Experiences and Services, and offerings such as car rentals, airport pickups, and grocery delivery to create a broader end-to-end travel platform.
Companies worth $10 billion or more are generally described as "large-cap stocks," and ABNB perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the travel services industry. Airbnb stands out through its **** et-light business model, globally recognized brand, and expansive network of unique accommodations. Unlike traditional hotel chains, Airbnb offers travelers access to homes, apartments, villas, and other distinctive properties, giving it a broader and more personalized selection. Its large two-sided network of hosts and guests creates strong network effects, while its growing Experiences and Services offerings provide additional ways to engage customers and diversify beyond lodging.
Nvidia CEO Jensen Huang Says His $3.5 Billion MediaTek Deal Is 'Not Circular' Because 'They Do Their Own Business'
Strategy's Strategy Appears to Have Failed, and the Outlook of MSTR Stock Is Unfavorable
A Potential **** eX Deal Could Meaningfully Accelerate Growth for Technip Stock
#Services
Companies worth $10 billion or more are generally described as "large-cap stocks," and ABNB perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the travel services industry. Airbnb stands out through its **** et-light business model, globally recognized brand, and expansive network of unique accommodations. Unlike traditional hotel chains, Airbnb offers travelers access to homes, apartments, villas, and other distinctive properties, giving it a broader and more personalized selection. Its large two-sided network of hosts and guests creates strong network effects, while its growing Experiences and Services offerings provide additional ways to engage customers and diversify beyond lodging.
Nvidia CEO Jensen Huang Says His $3.5 Billion MediaTek Deal Is 'Not Circular' Because 'They Do Their Own Business'
Strategy's Strategy Appears to Have Failed, and the Outlook of MSTR Stock Is Unfavorable
A Potential **** eX Deal Could Meaningfully Accelerate Growth for Technip Stock
#Services
16 days ago
With a market cap of $162.5 billion, The Boeing Company (BA) is a leading global aerospace company and one of the largest U.S. exporters, serving customers in more than 150 countries. The company develops, manufactures, and services commercial airplanes, defense products, and ******* e systems.
Companies worth more than $10 billion are generally labeled as "large-cap" stocks, and Boeing fits this criterion perfectly. Boeing's global workforce and supplier network support innovation and economic growth, guided by its core values of safety, quality, and integrity.
Dear GameStop Stock Fans, Mark Your Calendars for September 8
SMCI vs. CoreWeave: 1 AI Infrastructure Model Has the Bigger Opportunity
Why ******* ysts Think Sellas Life Sciences Stock Can Gain 150% From Here
#boeing
Companies worth more than $10 billion are generally labeled as "large-cap" stocks, and Boeing fits this criterion perfectly. Boeing's global workforce and supplier network support innovation and economic growth, guided by its core values of safety, quality, and integrity.
Dear GameStop Stock Fans, Mark Your Calendars for September 8
SMCI vs. CoreWeave: 1 AI Infrastructure Model Has the Bigger Opportunity
Why ******* ysts Think Sellas Life Sciences Stock Can Gain 150% From Here
#boeing
17 days ago
Our **** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Ads are coming for your LLM queries: OpenAI, the company behind the LLM, said this week its advertising business hit a $1 billion annualized run rate in well under a year.
OpenAI first slotted ads into ChatGPT in February in the U.S. and has slowly rolled out options for advertisers to purchase slots right in the LLM around the globe. On Monday, that option was extended to India, Europe, the Middle East and North Africa.
But rather than the search engine optimization of the mid-2010s yore, which catalyzed a boom-and-bust cycle for digital media platforms like HuffPost and BuzzFeed, these ads are placed directly into ChatGPT's output alongside similar queries. OpenAI's about to find out if the 2020s version is any different.
Ask ChatGPT for a recommendation for the best pen for taking notes, and you might be served an ad for notebooks. And so forth. It's a burgeoning marketing-science (with a healthy dash of pseudoscience) field called GEO, or Generative Engine Optimization.
#NVIDIA #tell
Ads are coming for your LLM queries: OpenAI, the company behind the LLM, said this week its advertising business hit a $1 billion annualized run rate in well under a year.
OpenAI first slotted ads into ChatGPT in February in the U.S. and has slowly rolled out options for advertisers to purchase slots right in the LLM around the globe. On Monday, that option was extended to India, Europe, the Middle East and North Africa.
But rather than the search engine optimization of the mid-2010s yore, which catalyzed a boom-and-bust cycle for digital media platforms like HuffPost and BuzzFeed, these ads are placed directly into ChatGPT's output alongside similar queries. OpenAI's about to find out if the 2020s version is any different.
Ask ChatGPT for a recommendation for the best pen for taking notes, and you might be served an ad for notebooks. And so forth. It's a burgeoning marketing-science (with a healthy dash of pseudoscience) field called GEO, or Generative Engine Optimization.
#NVIDIA #tell
25 days ago
Alvotech (NASDAQ:ALVO) extended its winning streak to a 5th consecutive day on Monday, jumping 18.51 percent to finish at $5.25 apiece, after the Bank of America (BofA) raised its price target for the company.
In its recent coverage, BofA initiated a buy recommendation on Alvotech shares with a price target of $7, amid the closure of the inspection of its manufacturing facility in Iceland, alongside progress in the commercialization of two of its drug candidates in the US and Asia.
The coverage followed the Food and Drug Administration's (FDA) voluntary closure of its inspection of Alvotech's (NASDAQ:ALVO) manufacturing facility in Reykjavik, Iceland, over several practices at its plant in Reykjavik, such as handling of complaints, subpar contamination prevention procedures, and poor quality and purity vetting, among others.
"This is an important milestone for Alvotech and reflects the significant work our teams have undertaken to further strengthen our quality systems and manufacturing operations," CEO Lisa Graver said.
"With the conclusion of the FDA's recent inspection, we are confident that the actions we have taken have effectively addressed the observations identified. We continue to work with the FDA to advance our recent Biologics License Applications towards approval," she noted.
#recent #inspection #reykjavik #drug
In its recent coverage, BofA initiated a buy recommendation on Alvotech shares with a price target of $7, amid the closure of the inspection of its manufacturing facility in Iceland, alongside progress in the commercialization of two of its drug candidates in the US and Asia.
The coverage followed the Food and Drug Administration's (FDA) voluntary closure of its inspection of Alvotech's (NASDAQ:ALVO) manufacturing facility in Reykjavik, Iceland, over several practices at its plant in Reykjavik, such as handling of complaints, subpar contamination prevention procedures, and poor quality and purity vetting, among others.
"This is an important milestone for Alvotech and reflects the significant work our teams have undertaken to further strengthen our quality systems and manufacturing operations," CEO Lisa Graver said.
"With the conclusion of the FDA's recent inspection, we are confident that the actions we have taken have effectively addressed the observations identified. We continue to work with the FDA to advance our recent Biologics License Applications towards approval," she noted.
#recent #inspection #reykjavik #drug
25 days ago
Crypto card spending hit a monthly record, with stablecoin-funded purchases climbing to $1.03 billion, or $1.04 billion in supplementary reporting based on PaymentsScan data. PaymentsScan, an on-chain ******* ytics platform that tracks card activity across dozens of issuers, reported that the figure was up 16% from June and nearly 200% from a year earlier.
More than 10 million individual purchases were logged in July alone, according to PaymentsScan data cited on X by The Kobeissi Letter. Just three years ago, PaymentsScan's tracked monthly volume was roughly $1 million. The climb from $382 million in August 2025 to more than $1 billion in July 2026 marks sustained growth in the platform's tracked data.
PaymentsScan tracks card issuers across Ethereum, Solana, Base, Tron and Polygon, spanning providers including RedotPay, KAST, Gnosis Pay, Wirex and Rain-issued cards.
A supplementary report from Bitcoin World, put July spending at $1.04 billion. The report said USDT and USDC were the dominant stablecoins used for such payments, while noting that an exact breakdown by network was not disclosed. The figures point to digital dollars as a major funding source for crypto-card purchases.
Stablecoin cards can offer near-instant settlement and access for users without a local bank account. As more regional issuers launch and stablecoins continue settling faster than multi-day card networks, PaymentsScan's tracked monthly volume has continued to rise.
#billion #july #data
More than 10 million individual purchases were logged in July alone, according to PaymentsScan data cited on X by The Kobeissi Letter. Just three years ago, PaymentsScan's tracked monthly volume was roughly $1 million. The climb from $382 million in August 2025 to more than $1 billion in July 2026 marks sustained growth in the platform's tracked data.
PaymentsScan tracks card issuers across Ethereum, Solana, Base, Tron and Polygon, spanning providers including RedotPay, KAST, Gnosis Pay, Wirex and Rain-issued cards.
A supplementary report from Bitcoin World, put July spending at $1.04 billion. The report said USDT and USDC were the dominant stablecoins used for such payments, while noting that an exact breakdown by network was not disclosed. The figures point to digital dollars as a major funding source for crypto-card purchases.
Stablecoin cards can offer near-instant settlement and access for users without a local bank account. As more regional issuers launch and stablecoins continue settling faster than multi-day card networks, PaymentsScan's tracked monthly volume has continued to rise.
#billion #july #data
26 days ago
With U.S. debt hitting $40 trillion, markets are turning more attention to that burden and whether policymakers will address the root causes or just the symptoms.
The Treasury Department's interventions in the bond and currency markets in recent weeks point to the latter.
Treasury Secretary Scott Bessent surprised Wall Street on Wednesday with a plan to increase buybacks of long-term bonds, after the 30-year yield hit the highest level in nearly 20 years.
That came just a few weeks after the U.S. and **** an took such joint action to boost the yen for the first time in three decades. But to make it happen, the U.S. sold euros instead of dollar-denominated **** ets, avoiding a sale of Treasury securities that would put more upward pressure on yields.
Japan also refrained from selling Treasuries and instead tapped an obscure Federal Reserve tool called the Foreign and International Monetary Authorities Repo Facility (FIMA). This mechanism allowed **** an, which is the world's largest holder of U.S. debt, to borrow dollars against its Treasury stockpile, obtaining a limited form of liquidity.
#treasury #secretary #scott #wall
The Treasury Department's interventions in the bond and currency markets in recent weeks point to the latter.
Treasury Secretary Scott Bessent surprised Wall Street on Wednesday with a plan to increase buybacks of long-term bonds, after the 30-year yield hit the highest level in nearly 20 years.
That came just a few weeks after the U.S. and **** an took such joint action to boost the yen for the first time in three decades. But to make it happen, the U.S. sold euros instead of dollar-denominated **** ets, avoiding a sale of Treasury securities that would put more upward pressure on yields.
Japan also refrained from selling Treasuries and instead tapped an obscure Federal Reserve tool called the Foreign and International Monetary Authorities Repo Facility (FIMA). This mechanism allowed **** an, which is the world's largest holder of U.S. debt, to borrow dollars against its Treasury stockpile, obtaining a limited form of liquidity.
#treasury #secretary #scott #wall
27 days ago
Archion Corporation, the newly-established holding company for **** anese truck-makers Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Hino Motors, reported its maiden quarterly financial results, for the first quarter of the current fiscal year and its outlook for the full year.
The company was established at the beginning of **** an's current fiscal year, on 1 April 2026, as the 100% shareholder of both Hino Motors and MFTBC. The truck-makers' former parent companies, Toyota Motor Corporation and Daimler Truck AG, each own 25% of Archion's equity, with the remaining 50% of shares publicly traded on the Tokyo Stock Exchange.
Combined Hino and MFTBC revenues increased by 14% year-on-year to JPY 597.9 billion (US$ 3.76 billion) on a like-for-like basis in the April-June quarter of 2026, while operating earnings rose by 32% to JPY 29 billion before 'preliminary bargain purchase' gains.
Including the preliminary bargain purchase gains, applicable because "the fair value of the net **** ets acquired exceeded the purchase consideration transferred at the time of the integration," operating profit rose elevenfold year-on-year to JPY 262.3 billion, while net profits were up fourteenfold to JPY 262.3 billion.
Total vehicle sales rose by 14% year-on-year to 60,000 units in the April-June quarter, up from 52,000 units a year earlier, supported by "strong products, improved product offering and supply following the launch of new heavy-duty and light-duty truck models."
#rose
The company was established at the beginning of **** an's current fiscal year, on 1 April 2026, as the 100% shareholder of both Hino Motors and MFTBC. The truck-makers' former parent companies, Toyota Motor Corporation and Daimler Truck AG, each own 25% of Archion's equity, with the remaining 50% of shares publicly traded on the Tokyo Stock Exchange.
Combined Hino and MFTBC revenues increased by 14% year-on-year to JPY 597.9 billion (US$ 3.76 billion) on a like-for-like basis in the April-June quarter of 2026, while operating earnings rose by 32% to JPY 29 billion before 'preliminary bargain purchase' gains.
Including the preliminary bargain purchase gains, applicable because "the fair value of the net **** ets acquired exceeded the purchase consideration transferred at the time of the integration," operating profit rose elevenfold year-on-year to JPY 262.3 billion, while net profits were up fourteenfold to JPY 262.3 billion.
Total vehicle sales rose by 14% year-on-year to 60,000 units in the April-June quarter, up from 52,000 units a year earlier, supported by "strong products, improved product offering and supply following the launch of new heavy-duty and light-duty truck models."
#rose
1 month ago
NEW YORK, Aug 19 (Reuters) - A U.S. appeals court on Wednesday revived an investor lawsuit over the 2023 collapse of Signature Bank, saying the Federal Deposit Insurance Corp (FDIC) seizure of the lender did not take away shareholders' right to sue.
In a 3-0 vote, the 2nd U.S. Circuit Court of Appeals in Manhattan rejected the FDIC's argument that a 1989 law adopted in the wake of that decade's savings-and-loan crisis gave the regulator sole power to pursue securities fraud claims after becoming the receiver of a failed bank.
The decision is a victory for shareholders led by the Swedish pension fund Sjunde AP-Fonden, which accused seven former Signature executives and directors and Signature's former auditor, KPMG, of misrepresenting the bank's liquidity risks and risk management, inflating its share price. Their proposed class action sought compensation for their losses.
The FDIC declined to comment. Lawyers for the shareholders did not immediately respond to requests for comment.
Regulators closed Signature on March 12, 2023, after worried customers withdrew several billion dollars, or about 20% of its deposits following the collapse of the larger Silicon Valley Bank two days earlier.
#shareholders #fdic #appeals #comment
In a 3-0 vote, the 2nd U.S. Circuit Court of Appeals in Manhattan rejected the FDIC's argument that a 1989 law adopted in the wake of that decade's savings-and-loan crisis gave the regulator sole power to pursue securities fraud claims after becoming the receiver of a failed bank.
The decision is a victory for shareholders led by the Swedish pension fund Sjunde AP-Fonden, which accused seven former Signature executives and directors and Signature's former auditor, KPMG, of misrepresenting the bank's liquidity risks and risk management, inflating its share price. Their proposed class action sought compensation for their losses.
The FDIC declined to comment. Lawyers for the shareholders did not immediately respond to requests for comment.
Regulators closed Signature on March 12, 2023, after worried customers withdrew several billion dollars, or about 20% of its deposits following the collapse of the larger Silicon Valley Bank two days earlier.
#shareholders #fdic #appeals #comment
1 month ago
Interested in Paysafe Limited? Here are five stocks we like better.
Paysafe reaffirmed its 2026 revenue and adjusted EBITDA outlook after second-quarter revenue rose 4% to $447.4 million, although adjusted EBITDA fell 2% as the company increased marketing and IT spending.
Debt reduction remains a central priority. Paysafe reduced total debt by $106 million year to date and plans to direct most free cash flow toward lowering net leverage, while a preliminary $39 million litigation settlement is expected to remove ongoing indemnification costs.
Merchant Solutions delivered strong performance, with revenue up 6% and adjusted EBITDA up 28%, while active digital-wallet users grew 8%. Management also expects data licensing to become a recurring revenue stream that could eventually exceed a $50 million annual run rate.
PaySafe Stock is an iGaming Growth Play After the ******* Sell-Off
#adjusted
Paysafe reaffirmed its 2026 revenue and adjusted EBITDA outlook after second-quarter revenue rose 4% to $447.4 million, although adjusted EBITDA fell 2% as the company increased marketing and IT spending.
Debt reduction remains a central priority. Paysafe reduced total debt by $106 million year to date and plans to direct most free cash flow toward lowering net leverage, while a preliminary $39 million litigation settlement is expected to remove ongoing indemnification costs.
Merchant Solutions delivered strong performance, with revenue up 6% and adjusted EBITDA up 28%, while active digital-wallet users grew 8%. Management also expects data licensing to become a recurring revenue stream that could eventually exceed a $50 million annual run rate.
PaySafe Stock is an iGaming Growth Play After the ******* Sell-Off
#adjusted
1 month ago
Unlike the high-octane drinks it's known for, Celsius Holdings (NASDAQ: CELH) isn't energizing investor portfolios right now. Shares dipped 18% the day the business reported its financial results for the second quarter (ended June 30). They now trade at a gut-wrenching 75% below their March 2024 peak.
Is this beverage stock a buy after tanking so much in a single day?
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 »
During Q2, Celsius reported revenue of $817.9 million, up 11% year over year. Its adjusted diluted earnings per share totaled $0.36, down 23% compared to the same period in 2025. These two headline figures came in below consensus ****** yst estimates.
The market is digesting the fact that sales of the flagship Celsius brand were down by almost 12% year over year, clearly not an encouraging trend. Investors aren't used to seeing slowing gains.
#down #flashing #same
Is this beverage stock a buy after tanking so much in a single day?
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 »
During Q2, Celsius reported revenue of $817.9 million, up 11% year over year. Its adjusted diluted earnings per share totaled $0.36, down 23% compared to the same period in 2025. These two headline figures came in below consensus ****** yst estimates.
The market is digesting the fact that sales of the flagship Celsius brand were down by almost 12% year over year, clearly not an encouraging trend. Investors aren't used to seeing slowing gains.
#down #flashing #same
1 month ago
On this episode of Stock Movers:- Advanced Micro Devices (AMD) shares are lower after the semiconductor firm's second-quarter revenue and third-quarter sales forecast underwhelmed investors expecting a stronger performance given rising demand. - Disney (DIS) shares are climbing as profit beat Wall Street estimates in the company's fiscal third quarter, driven by soaring income from its entertainment division and the resilience of its theme parks in California and Florida.- Shopify (SHOP) shares are soaring after it reported revenue for the second quarter that beat the average ******* yst estimate. President Harley Finkelstein said it was a "monster quarter" for the company.
#movers
#movers
1 month ago
US stocks fluctuated on Thursday as investors absorbed a series of earnings reports, prospects of an imminent Strait of Hormuz deal, and fresh labor market data.
The Dow Jones Industrial Average (^DJI) fell 0.5%, risking ending the blue-chip index's record-breaking win streak, while the S&P 500 (^GSPC) fell 0.2%. The Nasdaq Composite (^IXIC) ticked below the flat line.
Investors remain hyper-focused on AI capital requirements and monetization. Those concerns, combined with high valuations for some tech names, have led to punishing earnings reactions for some AI highfliers such as Sandisk (SNDK) and Western Digital (WDC).
SpaceX (SPCX) stock popped 2% as a lockup period expired, freeing up insiders to sell their shares, though some saw the event as already priced in.
Geopolitical uncertainty continues to hang over markets, helping to send gold prices (GC=F) to multi-week highs. Global oil prices (BZ=F), which have fluctuated in recent days, rose to $81 per barrel on Thursday after Iran said it had reached an agreement with Oman for a temporary shipping route through the Strait of Hormuz. Iranian Foreign Ministry spokesperson Esmail Baghaei said the two nations would reach a deal "if certain third parties do not obstruct this process."
#strait #hormuz
The Dow Jones Industrial Average (^DJI) fell 0.5%, risking ending the blue-chip index's record-breaking win streak, while the S&P 500 (^GSPC) fell 0.2%. The Nasdaq Composite (^IXIC) ticked below the flat line.
Investors remain hyper-focused on AI capital requirements and monetization. Those concerns, combined with high valuations for some tech names, have led to punishing earnings reactions for some AI highfliers such as Sandisk (SNDK) and Western Digital (WDC).
SpaceX (SPCX) stock popped 2% as a lockup period expired, freeing up insiders to sell their shares, though some saw the event as already priced in.
Geopolitical uncertainty continues to hang over markets, helping to send gold prices (GC=F) to multi-week highs. Global oil prices (BZ=F), which have fluctuated in recent days, rose to $81 per barrel on Thursday after Iran said it had reached an agreement with Oman for a temporary shipping route through the Strait of Hormuz. Iranian Foreign Ministry spokesperson Esmail Baghaei said the two nations would reach a deal "if certain third parties do not obstruct this process."
#strait #hormuz
2 months ago
Our **** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Adidas delivered record second-quarter sales of €6.7 billion (about $7.7 billion), up 14% on a currency-neutral basis, helped by the FIFA World Cup, football kits, running demand and strong apparel sales. But operating profit rose only 5% to €574 million, missing expectations as marketing costs jumped.
Shares fell as much as 18%, putting Adidas on track for its worst one-day drop since listing in 1995. Adidas sold the shirts, **** and hype. Investors wanted more of it to reach the bottom line.
Adidas reported second-quarter net sales of €6.74 billion, its highest quarterly revenue on record.
Currency-neutral sales rose 14%, driven by football, running and apparel. The company sponsored 14 national teams at the World Cup, supplied the official match ball, kitted out officials and ran a major campaign featuring Lionel Messi, Jude Bellingham, Lamine Yamal, Timothée Chalamet and Bad Bunny.
#sales #billion #neutral
Adidas delivered record second-quarter sales of €6.7 billion (about $7.7 billion), up 14% on a currency-neutral basis, helped by the FIFA World Cup, football kits, running demand and strong apparel sales. But operating profit rose only 5% to €574 million, missing expectations as marketing costs jumped.
Shares fell as much as 18%, putting Adidas on track for its worst one-day drop since listing in 1995. Adidas sold the shirts, **** and hype. Investors wanted more of it to reach the bottom line.
Adidas reported second-quarter net sales of €6.74 billion, its highest quarterly revenue on record.
Currency-neutral sales rose 14%, driven by football, running and apparel. The company sponsored 14 national teams at the World Cup, supplied the official match ball, kitted out officials and ran a major campaign featuring Lionel Messi, Jude Bellingham, Lamine Yamal, Timothée Chalamet and Bad Bunny.
#sales #billion #neutral
2 months ago
Lemonade, Inc. (NYSE:LMND) shares fell more than 7% in pre-market trading after the AI-powered insurance company released its second-quarter 2026 results, with investors reacting negatively despite revenue outperforming expectations.
The sell-off reflected concerns that the company's outlook failed to justify the high expectations already priced into the stock, following a strong rally earlier in the year.
Ahead of the earnings release, ***** ysts had expected Lemonade to report a quarterly loss of around $0.57 per share, while investors were looking for results capable of supporting the company's ambitious growth outlook.
Although revenue exceeded expectations, the market response suggested investors were disappointed that the company's guidance did not provide a stronger catalyst for further gains.
The negative reaction came after Lemonade had previously raised its full-year outlook and reaffirmed its expectation of achieving positive adjusted EBITDA during the fourth quarter of 2026.
#results #year
The sell-off reflected concerns that the company's outlook failed to justify the high expectations already priced into the stock, following a strong rally earlier in the year.
Ahead of the earnings release, ***** ysts had expected Lemonade to report a quarterly loss of around $0.57 per share, while investors were looking for results capable of supporting the company's ambitious growth outlook.
Although revenue exceeded expectations, the market response suggested investors were disappointed that the company's guidance did not provide a stronger catalyst for further gains.
The negative reaction came after Lemonade had previously raised its full-year outlook and reaffirmed its expectation of achieving positive adjusted EBITDA during the fourth quarter of 2026.
#results #year
2 months ago
PARIS — LVMH Moët Hennessy Louis Vuitton's key fashion and leather goods division broke its losing streak in the second quarter, in a signal that demand for luxury goods is recovering after two years of sluggish sales.
The French luxury goods giant said organic sales for the unit, which includes Louis Vuitton, Dior and Loro Piana, rose 1 percent to 9.01 billion euros in the three months to June 30, following seven consecutive quarters of declines.
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#louis #luxury #hennessy
The French luxury goods giant said organic sales for the unit, which includes Louis Vuitton, Dior and Loro Piana, rose 1 percent to 9.01 billion euros in the three months to June 30, following seven consecutive quarters of declines.
More from WWD
Why Back-to-school Could be Critical for Hoka
Hoka Leads Deckers' $1B First Quarter Performance After Earnings Beat
#louis #luxury #hennessy
2 months ago
Upslope Capital Management, an investment management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. Upslope aims to provide attractive, equity-like returns while reducing market risk and keeping low correlation with traditional equity strategies. The portfolio tailed in the speculative mania environment as investors broadly avoided boring, cash-flowing, non-AI stocks. The Fund returned -6.6% (net) in Q2 compared to +14.3% return for the S&P Midcap 400 ETF (MDY) and +10.3% gain for the HFRX Equity Hedge Index. In addition, you can check the Fund's top five holdings to determine its best picks for 2026.
In its Q2 2026 investor letter, Upslope Capital Management highlighted The Magnum Ice Cream Company N.V. (NYSE:MICC). The Magnum Ice Cream Company N.V. (NYSE:MICC) is a Netherlands-based ice cream company that offers products under the Magnum, Ben & Jerry's, Cornetto, and Wall's brands. On July 21, 2026, The Magnum Ice Cream Company N.V. (NYSE:MICC) closed at $17.88 per share, reflecting a market capitalization of $10.96 billion. The Magnum Ice Cream Company N.V. (NYSE:MICC) posted a one-month return of 4.99%, and YTD its shares gained 12.81%.
Upslope Capital Management stated the following regarding The Magnum Ice Cream Company N.V. (NYSE:MICC) in its Q2 2026 investor update:
"The Magnum Ice Cream Company N.V. (NYSE:MICC): Magnum is a pure-play global ice cream company spun out of Unilever at the end of 2025. It is by far the largest ice cream company in the world (~21% share) with almost double the market share of the #2 player, Froneri (private). Beyond Magnum and Froneri, the largest players hold 2% share at most. Magnum and Froneri are rare for their exclusive focus on ice cream. Key brands owned by Magnum include Ben & Jerry's, Breyer's, Cornetto, Wall's, and of course the flagship Magnum brand. Geographically, Magnum's sales are balanced by region, with nearly 40% each in the Americas and Europe/ANZ, and 25% in Asia, Middle East, and Africa. Emerging Markets are a key growth driver, contributing ~30% of sales.
Magnum initially came on to Upslope's radar as I reviewed out-of-favor consumer staples businesses but sought those with manageable GLP-1 risks due to lower U.S. sales concentration (Magnum is ~25% U.S.). Upslope's key thesis points for Magnum include the following: Dominant, defensive business with significant competitive advantages stemming from ownership of leading global brands (4 of top 5) and complex global frozen supply chain network…" (Click here to read the full text)
#company #management #Share
In its Q2 2026 investor letter, Upslope Capital Management highlighted The Magnum Ice Cream Company N.V. (NYSE:MICC). The Magnum Ice Cream Company N.V. (NYSE:MICC) is a Netherlands-based ice cream company that offers products under the Magnum, Ben & Jerry's, Cornetto, and Wall's brands. On July 21, 2026, The Magnum Ice Cream Company N.V. (NYSE:MICC) closed at $17.88 per share, reflecting a market capitalization of $10.96 billion. The Magnum Ice Cream Company N.V. (NYSE:MICC) posted a one-month return of 4.99%, and YTD its shares gained 12.81%.
Upslope Capital Management stated the following regarding The Magnum Ice Cream Company N.V. (NYSE:MICC) in its Q2 2026 investor update:
"The Magnum Ice Cream Company N.V. (NYSE:MICC): Magnum is a pure-play global ice cream company spun out of Unilever at the end of 2025. It is by far the largest ice cream company in the world (~21% share) with almost double the market share of the #2 player, Froneri (private). Beyond Magnum and Froneri, the largest players hold 2% share at most. Magnum and Froneri are rare for their exclusive focus on ice cream. Key brands owned by Magnum include Ben & Jerry's, Breyer's, Cornetto, Wall's, and of course the flagship Magnum brand. Geographically, Magnum's sales are balanced by region, with nearly 40% each in the Americas and Europe/ANZ, and 25% in Asia, Middle East, and Africa. Emerging Markets are a key growth driver, contributing ~30% of sales.
Magnum initially came on to Upslope's radar as I reviewed out-of-favor consumer staples businesses but sought those with manageable GLP-1 risks due to lower U.S. sales concentration (Magnum is ~25% U.S.). Upslope's key thesis points for Magnum include the following: Dominant, defensive business with significant competitive advantages stemming from ownership of leading global brands (4 of top 5) and complex global frozen supply chain network…" (Click here to read the full text)
#company #management #Share
2 months ago
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2 months ago
Halozyme Therapeutics Inc. (NASDAQ:HALO) is one of the 8 Most Undervalued Growth Stocks to Buy for the Next 10 Years. On June 16, H.C. Wainwright ******* yst Mitchell Kapoor reiterated a Buy rating on Halozyme Therapeutics Inc. (NASDAQ:HALO) and ******* igned a target price of $95. The stock's potential has been noticed by market participants, as evident from the 46% rise in the last 12 months. With earnings growth expected to continue, HALO is one of our most undervalued growth stocks to buy for the next 10 years.
On a more positive front, on June 13, Johnson & Johnson announced that Halozyme-partnered Darzalex Faspro, when used with its cancer drug Talvey, significantly improved survival outcomes in a late-stage trial for patients with multiple myeloma. The combination reduced the risk of death by up to 53% compared with the standard treatment. Darzalex Faspro is a front-line multiple myeloma therapy. The combination of two drugs, after about two years of follow-up, reduced the risk of cancer worsening or death by up to 72%. Additionally, at 24 months, about 89% of patients were alive, compared with 79% of those receiving standard care. The positive trial results could benefit HALO by supporting continued adoption of Darzalex Faspro, which uses the company's ENHANZE technology.
Halozyme Therapeutics Inc. (NASDAQ:HALO) is a biopharmaceutical company. It researches, develops, and commercializes proprietary enzymes and devices. The company's products are based on the patented recombinant human hyaluronidase enzyme that enables delivery of injectable biologics, such as monoclonal antibodies and other therapeutic molecules. The company was founded in 1998 and is headquartered in San Diego, California.
While we acknowledge the potential of HALO 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.
READ NEXT: 10 Best AI Stocks to Watch in July and 12 Best Dow Stocks to Invest In Right Now.
On a more positive front, on June 13, Johnson & Johnson announced that Halozyme-partnered Darzalex Faspro, when used with its cancer drug Talvey, significantly improved survival outcomes in a late-stage trial for patients with multiple myeloma. The combination reduced the risk of death by up to 53% compared with the standard treatment. Darzalex Faspro is a front-line multiple myeloma therapy. The combination of two drugs, after about two years of follow-up, reduced the risk of cancer worsening or death by up to 72%. Additionally, at 24 months, about 89% of patients were alive, compared with 79% of those receiving standard care. The positive trial results could benefit HALO by supporting continued adoption of Darzalex Faspro, which uses the company's ENHANZE technology.
Halozyme Therapeutics Inc. (NASDAQ:HALO) is a biopharmaceutical company. It researches, develops, and commercializes proprietary enzymes and devices. The company's products are based on the patented recombinant human hyaluronidase enzyme that enables delivery of injectable biologics, such as monoclonal antibodies and other therapeutic molecules. The company was founded in 1998 and is headquartered in San Diego, California.
While we acknowledge the potential of HALO 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.
READ NEXT: 10 Best AI Stocks to Watch in July and 12 Best Dow Stocks to Invest In Right Now.
2 months ago
Paramount Skydance (PSKY) stock is under pressure on July 9 after Arete Research ***** yst Pierre-Marie d'Ornano downgraded the mass media company to "Sell."
D'Ornano lowered his price target on PSKY as well to a Street-low of just $2.00, suggesting an alarming 80% potential downside from its previous close.
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D'Ornano lowered his price target on PSKY as well to a Street-low of just $2.00, suggesting an alarming 80% potential downside from its previous close.
Jeff Bezos Says 'We Don't Have a Revenue Problem' in America — Bottom Half Paying Just 3% of Taxes Means 'We Can Find 3%'
SpaceX Has Massive Multiyear Put Options Volume As SPCX Falls Below IPO Price
Intel Stock Is 'Too Good to Ignore' as HSBC Sets a New Street-High Price Target
2 months ago
Not all hyperscalers are made equal, and some are made less equal than others. Moving on from shamelessly misquoting Orwell, there's a key point here, and it's demonstrated in the chart below. Oracle (NYSE: ORCL) stock declined 24.8% in the first half of 2026, according to data from S&P Global Market Intelligence. Microsoft (NASDAQ: MSFT) declined by a similar amount, but, interestingly, both Amazon.com and Alphabet, the owner of Google, are in positive territory. Here's why.
There are two themes to explore here. First, the reality is that forecasts for the construction of artificial intelligence (AI) infrastructure have increased throughout the year. That's the main reason AI infrastructure companies like Vertiv and GE Vernova have significantly outperformed the market and the hyperscalers, like Oracle, whose increased capital spending requirements have pressured their stocks in 2026.
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 »
The second reason for the decline stems from something it shares with the other hyperscaler in negative territory, Microsoft: significant exposure to the AI model and technology company, OpenAI.
ORCL data by YCharts
There are two themes to explore here. First, the reality is that forecasts for the construction of artificial intelligence (AI) infrastructure have increased throughout the year. That's the main reason AI infrastructure companies like Vertiv and GE Vernova have significantly outperformed the market and the hyperscalers, like Oracle, whose increased capital spending requirements have pressured their stocks in 2026.
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 »
The second reason for the decline stems from something it shares with the other hyperscaler in negative territory, Microsoft: significant exposure to the AI model and technology company, OpenAI.
ORCL data by YCharts
2 months ago
New cars are averaging around $50,000—and that affordability gap is getting harder to manage. Automobile enthusiast Ray McGrath breaks down why prices keep climbing, what "value" really means beyond the monthly payment, and how to think through the big decision: buy vs. lease.
Jeffrey Snyder, Broadcast Retirement Network
This morning we're talking vehicle affordability and helping me break it all down. He is an automobile enthusiast, Ray McGrath.
Ray, always great to see you. Thanks for joining us on the program this morning.
Ray McGrath, Automobile Enthusiast
Jeffrey Snyder, Broadcast Retirement Network
This morning we're talking vehicle affordability and helping me break it all down. He is an automobile enthusiast, Ray McGrath.
Ray, always great to see you. Thanks for joining us on the program this morning.
Ray McGrath, Automobile Enthusiast
2 months ago
Caterpillar's AI power pivot drove Power Generation revenue up 41%, while Walmart's advertising jumped 37% and eCommerce reached 23% of net sales.
A $1,000 CAT investment a decade ago grew to $15,242, tripling WMT's return, though a recent 9% weekly drop signals high volatility.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Walmart didn't make the cut. Grab the names FREE today.
Caterpillar (NYSE:CAT) spent much of the past decade being labeled a cyclical industrial bellwether tied to construction, mining, and commodity prices. That story has changed. The company is now riding an unexpected tailwind: AI data center power demand. In Q1 2026, Power Generation revenue within Energy & Transportation jumped 41%. Construction Industries sales rose 38%, with segment margins expanding to 21.4%. CEO Joe Creed called out "a record backlog" even as $1.03 billion in tariff-related costs compressed Q4 2025 operating margin to 13.9%.
Walmart (NYSE:WMT) has quietly transformed from big-box retailer to omnichannel platform. In Q1 FY27, global eCommerce grew 26% and now makes up 23% of net sales, while global advertising jumped 37%. U.S. comps rose 4.1% excluding fuel, with the strongest share gains coming from upper-income households. John Furner recently took the CEO reins from Doug McMillon.
A $1,000 CAT investment a decade ago grew to $15,242, tripling WMT's return, though a recent 9% weekly drop signals high volatility.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Walmart didn't make the cut. Grab the names FREE today.
Caterpillar (NYSE:CAT) spent much of the past decade being labeled a cyclical industrial bellwether tied to construction, mining, and commodity prices. That story has changed. The company is now riding an unexpected tailwind: AI data center power demand. In Q1 2026, Power Generation revenue within Energy & Transportation jumped 41%. Construction Industries sales rose 38%, with segment margins expanding to 21.4%. CEO Joe Creed called out "a record backlog" even as $1.03 billion in tariff-related costs compressed Q4 2025 operating margin to 13.9%.
Walmart (NYSE:WMT) has quietly transformed from big-box retailer to omnichannel platform. In Q1 FY27, global eCommerce grew 26% and now makes up 23% of net sales, while global advertising jumped 37%. U.S. comps rose 4.1% excluding fuel, with the strongest share gains coming from upper-income households. John Furner recently took the CEO reins from Doug McMillon.
2 months ago
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Gold (GC=F) August futures opened at $4,176.40 per troy ounce on Tuesday, July 7, 2026, up 0.2% from Monday's closing price. The price of gold moved higher this morning to $4,180.30 per troy ounce as of 8:21 a.m. ET.
Today was another strong opening price for gold following last week's employment report, which reduced the likelihood of an upcoming rate increase by the Fed. While there's still a strong possibility the Fed will raise rates later this year, according to the CME Group's FedWatch tool, the chances for an increase following the Fed's end-of-July meeting are currently just 25.1%, creating more room for gold prices to firm. The chance of a July rate increase last week was 33.1%.
The opening price of gold futures on Tuesday was 0.2% higher than Monday's opening price. Here's a look at how the opening gold price has changed versus last week, month, and year:
One week ago: +4.3%
Gold (GC=F) August futures opened at $4,176.40 per troy ounce on Tuesday, July 7, 2026, up 0.2% from Monday's closing price. The price of gold moved higher this morning to $4,180.30 per troy ounce as of 8:21 a.m. ET.
Today was another strong opening price for gold following last week's employment report, which reduced the likelihood of an upcoming rate increase by the Fed. While there's still a strong possibility the Fed will raise rates later this year, according to the CME Group's FedWatch tool, the chances for an increase following the Fed's end-of-July meeting are currently just 25.1%, creating more room for gold prices to firm. The chance of a July rate increase last week was 33.1%.
The opening price of gold futures on Tuesday was 0.2% higher than Monday's opening price. Here's a look at how the opening gold price has changed versus last week, month, and year:
One week ago: +4.3%
