9 days ago
Private equity firm Trident Management appears to be an early mover in bolting together small courier businesses onto a platform that can offer shippers greater regional density and reach as an alternative to large, legacy parcel carriers.
Trident-backed Priority Courier Experts, which serves B2B customers in the Minneapolis-St. Paul area and upper Midwest, last week said it acquired Priority Dispatch Inc. and Diamond Expedited, Midwest providers of same-day courier and box-truck freight services for the healthcare and e-commerce industries, and Atlanta-based Inpax Shipping Solutions.
Priority Dispatch was founded in Cincinnati in 1973. Diamond Expedited began serving the greater Chicago area in 1995. The companies, which were bought from the same individual, also cover Columbus, Cleveland, Dayton and Toledo, Ohio; Indianapolis; Detroit and Milwaukee, with 43 employees and more than 500 independent-contractor drivers. Their combined delivery traffic is about 250,000 orders per year.
Inpax is active in seven markets across the South, including Charlotte and Raleigh, North Carolina, Tennessee, South Carolina and Florida. With 75 employees and more than 335 owner-operators it delivers more than 400,000 orders per year. In addition to e-commerce pickup and delivery, it offers local and regional truck brokerage and tractor trailer freight.
In December 2024, Priority Courier Experts purchased Indianapolis-based Now Courier.
#Experts #indianapolis
Trident-backed Priority Courier Experts, which serves B2B customers in the Minneapolis-St. Paul area and upper Midwest, last week said it acquired Priority Dispatch Inc. and Diamond Expedited, Midwest providers of same-day courier and box-truck freight services for the healthcare and e-commerce industries, and Atlanta-based Inpax Shipping Solutions.
Priority Dispatch was founded in Cincinnati in 1973. Diamond Expedited began serving the greater Chicago area in 1995. The companies, which were bought from the same individual, also cover Columbus, Cleveland, Dayton and Toledo, Ohio; Indianapolis; Detroit and Milwaukee, with 43 employees and more than 500 independent-contractor drivers. Their combined delivery traffic is about 250,000 orders per year.
Inpax is active in seven markets across the South, including Charlotte and Raleigh, North Carolina, Tennessee, South Carolina and Florida. With 75 employees and more than 335 owner-operators it delivers more than 400,000 orders per year. In addition to e-commerce pickup and delivery, it offers local and regional truck brokerage and tractor trailer freight.
In December 2024, Priority Courier Experts purchased Indianapolis-based Now Courier.
#Experts #indianapolis
15 days ago
Expedia Group, Inc. (NASDAQ:EXPE) raised its full-year 2026 revenue guidance to $16.05B–$16.22B (representing 9%–10% growth), topping the Wall Street consensus estimate of $16.01B. The company also lifted its full-year gross bookings outlook to $129.5B–$130.8B. The updated guidance reflects strong execution across consumer channels, accelerated B2B expansion, and cost discipline.
The core question for investors: Is Expedia's rally driven by structural operational gains and durable B2B platform scale, or is the stock vulnerable to a broader slowdown in consumer travel demand and ongoing regional softness?
Photo from Expedia website
According to Expedia Group's Q2 2026 earnings release, the company reported total revenue of $4.315 billion, up 14% year-over-year. Total gross bookings rose 12% to $33.93 billion, propelled by an 8% increase in B2C bookings ($23.19B) and a 21% surge in B2B bookings ($10.74B). Booked room nights expanded 6% to 111.5 million.
Profitability accelerated sharply: GAAP net income reached $878 million (up 166% year-over-year), while adjusted EBITDA grew 23% to $1.11 billion, expanding adjusted EBITDA margins by 196 basis points. Diluted GAAP earnings per share spiked 188% to $7.16, and adjusted EPS increased 36% to $5.76. Operating cash flow totaled $1.47 billion, and free cash flow rose 39% to $1.27 billion. During the quarter, Expedia repurchased 880,000 shares for $200 million and declared a quarterly dividend of $0.48 per share.
#gaap #total #full
The core question for investors: Is Expedia's rally driven by structural operational gains and durable B2B platform scale, or is the stock vulnerable to a broader slowdown in consumer travel demand and ongoing regional softness?
Photo from Expedia website
According to Expedia Group's Q2 2026 earnings release, the company reported total revenue of $4.315 billion, up 14% year-over-year. Total gross bookings rose 12% to $33.93 billion, propelled by an 8% increase in B2C bookings ($23.19B) and a 21% surge in B2B bookings ($10.74B). Booked room nights expanded 6% to 111.5 million.
Profitability accelerated sharply: GAAP net income reached $878 million (up 166% year-over-year), while adjusted EBITDA grew 23% to $1.11 billion, expanding adjusted EBITDA margins by 196 basis points. Diluted GAAP earnings per share spiked 188% to $7.16, and adjusted EPS increased 36% to $5.76. Operating cash flow totaled $1.47 billion, and free cash flow rose 39% to $1.27 billion. During the quarter, Expedia repurchased 880,000 shares for $200 million and declared a quarterly dividend of $0.48 per share.
#gaap #total #full
16 days ago
On August 20, ATRenew (NYSE:RERE) reported second-quarter results that beat the high end of its own guidance, with revenue climbing 32.4% year over year to RMB 6.6 billion. Net income jumped 78.6% to RMB 129.1 million, and the company kept buying back shares even as it pushed into new markets overseas. For a business built on other people's used phones, that pairing of faster growth and faster profit is the number worth sitting with.
The engine behind that growth is ATRenew's 1P model, where the company buys, refurbishes, and resells devices itself rather than just running a marketplace. Net product revenue rose 35.9% to RMB 6.2 billion, and the company moved 11.6 million consumer products during the quarter, up from 10.3 million a year earlier. Owning more of that chain is also making each device more profitable. Gross margin on the 1P business rose to 15.7% from 13.2% a year ago, and 1P-to-C retail revenue, the curated resale of phones and computers, grew 92.4% and now makes up 48.8% of product revenue, up from 34.4% last year. Revenue from refurbished products alone grew 87.8%.
All of that flowed to the bottom line: non-GAAP operating income rose 70.1% to RMB 206.3 million, with margin expanding 69 basis points to 3.1%. Newer categories are following the same pattern. Luxury recycling revenue grew 77.3% after the company upgraded select stores into specialized formats, and its B2B marketplace, PJT, grew its registered merchant base to 2.2 million while lifting inspection penetration to 84.4%, up 11.5 percentage points from a year ago. Overseas, the company crossed HKD 120 million in monthly export sales in June and is now building out its FoneSquare and ReRe brands toward hubs in Hong Kong, Dubai, and Miami.
Not every part of the business is pulling in the same direction. Net service revenue fell 4.2% to RMB 414.6 million, a decline the company tied to discretionary discounts handed to merchants during its extended June 18 promotional push. Gold recycling revenue fell even harder, down 35%, as gold prices swung lower and the company chose to pass higher payouts to users rather than protect its own take. Costs are climbing too. Fulfillment expenses rose 31.1% to RMB 540 million as the company staffed up its to-door recycling teams during peak demand.
Physical footprint is also shrinking at the edges, with the company trimming its AHS store count to 2,117 locations by closing underperforming sites. And management flagged a timing risk heading into the back half of the year, noting that expectations around Apple's next iPhone lineup could push device volume into the fourth quarter and early next year rather than this one. Guidance itself points to a slower pace ahead. ATRenew expects third-quarter revenue of RMB 6.3 billion to RMB 6.4 billion, growth of 23.1% to 25.1%, a clear step down from the 32.4% posted this quarter.
#billion #business
The engine behind that growth is ATRenew's 1P model, where the company buys, refurbishes, and resells devices itself rather than just running a marketplace. Net product revenue rose 35.9% to RMB 6.2 billion, and the company moved 11.6 million consumer products during the quarter, up from 10.3 million a year earlier. Owning more of that chain is also making each device more profitable. Gross margin on the 1P business rose to 15.7% from 13.2% a year ago, and 1P-to-C retail revenue, the curated resale of phones and computers, grew 92.4% and now makes up 48.8% of product revenue, up from 34.4% last year. Revenue from refurbished products alone grew 87.8%.
All of that flowed to the bottom line: non-GAAP operating income rose 70.1% to RMB 206.3 million, with margin expanding 69 basis points to 3.1%. Newer categories are following the same pattern. Luxury recycling revenue grew 77.3% after the company upgraded select stores into specialized formats, and its B2B marketplace, PJT, grew its registered merchant base to 2.2 million while lifting inspection penetration to 84.4%, up 11.5 percentage points from a year ago. Overseas, the company crossed HKD 120 million in monthly export sales in June and is now building out its FoneSquare and ReRe brands toward hubs in Hong Kong, Dubai, and Miami.
Not every part of the business is pulling in the same direction. Net service revenue fell 4.2% to RMB 414.6 million, a decline the company tied to discretionary discounts handed to merchants during its extended June 18 promotional push. Gold recycling revenue fell even harder, down 35%, as gold prices swung lower and the company chose to pass higher payouts to users rather than protect its own take. Costs are climbing too. Fulfillment expenses rose 31.1% to RMB 540 million as the company staffed up its to-door recycling teams during peak demand.
Physical footprint is also shrinking at the edges, with the company trimming its AHS store count to 2,117 locations by closing underperforming sites. And management flagged a timing risk heading into the back half of the year, noting that expectations around Apple's next iPhone lineup could push device volume into the fourth quarter and early next year rather than this one. Guidance itself points to a slower pace ahead. ATRenew expects third-quarter revenue of RMB 6.3 billion to RMB 6.4 billion, growth of 23.1% to 25.1%, a clear step down from the 32.4% posted this quarter.
#billion #business
27 days ago
Payment giants Fiserv, Inc. (NASDAQ:FISV) and Mastercard Incorporated (NYSE:MA) announced a major strategic global partnership on August 4. The deal integrates Mastercard Merchant Cloud into Fiserv Commerce Hub, creating a unified connection for enterprise merchants across online, mobile, and in-store channels. Building on this momentum, Fiserv separately partnered with Stuut Technologies on August 5 to bring agentic AI-enabled automation to B2B enterprise receivables via SnapPay and Commerce Hub. While both agreements showcase how payment rails and software are converging, the underlying financial trajectories of these two companies present a stark contrast.
Bornfree / Shutterstock.com
Mastercard Incorporated is operating at peak efficiency. In Q2 2026, net revenue rose 14% year-over-year (12% currency-neutral) to $9.3 billion, driven by an 8% increase in gross dollar volume to $2.9 trillion, a 12% jump in cross-border volume, and 20% growth in value-added services. Adjusted net income reached $4.5 billion, yielding an adjusted diluted EPS of $5.04, up 21% from Q2 2025. Operating margins expanded to an exceptional 61.1%, proving Mastercard's elite pricing power and operating leverage even as card issuance hit $3.7 billion.
Fiserv, Inc. (NASDAQ:FISV), on the other hand, faces execution hurdles in its corporate turnaround. In Q2 2026, GAAP revenue dropped 4% year-over-year to $5.29 billion, while adjusted revenue fell 4% to $4.96 billion. Adjusted EPS fell 26% to $1.84, missing Wall Street expectations. Top-line contraction was seen across both key segments: Merchant Solutions declined 1% organically, and Financial Solutions dropped 8%. Compounding the pressure, management slashed full-year 2026 organic revenue guidance to between (1%) and 0% (down from 1%–3%) and trimmed adjusted EPS guidance to $7.20–$7.40 (down from $8.00–$8.30), citing transformation costs and elevated technology spending.
Mastercard's bull case is supported by its dominant duopoly position, high operating margins of 61.1%, and strong secular tailwinds from the ongoing shift from cash to digital payments. The company's value-added services, including cybersecurity, fraud prevention, and ***** ytics, are expanding rapidly at around 20%, while resilient cross-border travel provides additional growth and downside protection. Truist ***** yst Matthew Coad highlighted these strengths when raising his price target for Mastercard to $633 from $554 while maintaining a Buy rating on August 5. On the downside, Mastercard's elevated valuation leaves limited room for execution missteps. Capital One's portfolio migration presents a near-term headwind, while increased regulatory scrutiny of swipe fees and a 22% rise in customer rebates in Q2 could pressure long-term yields.
#mastercard #august #revenue #fisv
Bornfree / Shutterstock.com
Mastercard Incorporated is operating at peak efficiency. In Q2 2026, net revenue rose 14% year-over-year (12% currency-neutral) to $9.3 billion, driven by an 8% increase in gross dollar volume to $2.9 trillion, a 12% jump in cross-border volume, and 20% growth in value-added services. Adjusted net income reached $4.5 billion, yielding an adjusted diluted EPS of $5.04, up 21% from Q2 2025. Operating margins expanded to an exceptional 61.1%, proving Mastercard's elite pricing power and operating leverage even as card issuance hit $3.7 billion.
Fiserv, Inc. (NASDAQ:FISV), on the other hand, faces execution hurdles in its corporate turnaround. In Q2 2026, GAAP revenue dropped 4% year-over-year to $5.29 billion, while adjusted revenue fell 4% to $4.96 billion. Adjusted EPS fell 26% to $1.84, missing Wall Street expectations. Top-line contraction was seen across both key segments: Merchant Solutions declined 1% organically, and Financial Solutions dropped 8%. Compounding the pressure, management slashed full-year 2026 organic revenue guidance to between (1%) and 0% (down from 1%–3%) and trimmed adjusted EPS guidance to $7.20–$7.40 (down from $8.00–$8.30), citing transformation costs and elevated technology spending.
Mastercard's bull case is supported by its dominant duopoly position, high operating margins of 61.1%, and strong secular tailwinds from the ongoing shift from cash to digital payments. The company's value-added services, including cybersecurity, fraud prevention, and ***** ytics, are expanding rapidly at around 20%, while resilient cross-border travel provides additional growth and downside protection. Truist ***** yst Matthew Coad highlighted these strengths when raising his price target for Mastercard to $633 from $554 while maintaining a Buy rating on August 5. On the downside, Mastercard's elevated valuation leaves limited room for execution missteps. Capital One's portfolio migration presents a near-term headwind, while increased regulatory scrutiny of swipe fees and a 22% rise in customer rebates in Q2 could pressure long-term yields.
#mastercard #august #revenue #fisv
28 days ago
Travel services provider Expedia Group Inc. (NASDAQ:EXPE)'s shares are up by 58% over the past year and by 13.5% year-to-date. The firm reported its second quarter earnings earlier this week and posted $4.32 billion in revenue and $5.76 in adjusted profit per share to beat ****** yst estimates of $4.17 billion and $5.23. Crucially, Expedia Group Inc. (NASDAQ:EXPE) also raised its full year revenue and bookings forecasts. For the revenue, it now expects to earn $16.05 billion to $16.22 billion, up from the previous $15.6 billion to $16.0 billion. As for the bookings, Expedia Group Inc. (NASDAQ:EXPE) hiked the guide to $129.5 billion to $130.8 billion from the earlier $127 billion to $129 billion. The firm's optimism pointed towards a robust travel industry despite the high gasoline prices that Americans are facing off against. The optimism was caught by Cramer's watchful radar as well:
"This may be the quarter where people say, even though the gasoline went up, well it came down a little bit, even though the K part of the consumer is not doing well, Expedia following Bookings, with another blowout. And I look at thee two and I say, wait a second, these say the consumer. . .is really good. This is a nice view of spend. Maybe circle back to American Express, maybe American Express wasn't that [inaudible] and the company was just being conservative. If you put up AXP, that's the one people said, well, it didn't do that well. I think it's time to go back to American Express. I think Steve Squeri did a very good job, he's always been understated, the other guys, a little more promotional. But travel is on fire."
American Express Company (NYSE:AXP) is one of Jim Cramer's favorite stocks in the sector. Throughout 2025, he regularly praised the firm's payment cards and their popularity with younger users. The shares, while up by 12% over the year, are down by 8% year-to-date. The earnings that Cramer referred to in his remarks were American Express Company (NYSE:AXP)'s second quarter results reported in the morning on July 24th. They saw the firm beat ****** yst profit estimates but disappoint investors on the guidance front by keeping the full year per share profit guide unchanged at $17.30 to $17.90.
While Cramer was focused on the guide and the importance of the results to consumer spending, the debate surrounding Expedia Group Inc. (NASDAQ:EXPE) is broader than that. It primarily concerns the firm's business-to-business (B2B), which covers hotels, airlines and other businesses. The firm's bulls argue that the B2B platform is a growth engine on its own and is not simply masking troubles in the consumer end of the business. Additionally, they believe that Expedia Group Inc. (NASDAQ:EXPE) can use B2B to diversify away from the consumer business marked by high competition. Additionally, they are also impressed by EBITDA margin growing to 25.9% in Q2 and a hike to full year margin guidance. Yet the bears point towards the costs of using AI to expand m
"This may be the quarter where people say, even though the gasoline went up, well it came down a little bit, even though the K part of the consumer is not doing well, Expedia following Bookings, with another blowout. And I look at thee two and I say, wait a second, these say the consumer. . .is really good. This is a nice view of spend. Maybe circle back to American Express, maybe American Express wasn't that [inaudible] and the company was just being conservative. If you put up AXP, that's the one people said, well, it didn't do that well. I think it's time to go back to American Express. I think Steve Squeri did a very good job, he's always been understated, the other guys, a little more promotional. But travel is on fire."
American Express Company (NYSE:AXP) is one of Jim Cramer's favorite stocks in the sector. Throughout 2025, he regularly praised the firm's payment cards and their popularity with younger users. The shares, while up by 12% over the year, are down by 8% year-to-date. The earnings that Cramer referred to in his remarks were American Express Company (NYSE:AXP)'s second quarter results reported in the morning on July 24th. They saw the firm beat ****** yst profit estimates but disappoint investors on the guidance front by keeping the full year per share profit guide unchanged at $17.30 to $17.90.
While Cramer was focused on the guide and the importance of the results to consumer spending, the debate surrounding Expedia Group Inc. (NASDAQ:EXPE) is broader than that. It primarily concerns the firm's business-to-business (B2B), which covers hotels, airlines and other businesses. The firm's bulls argue that the B2B platform is a growth engine on its own and is not simply masking troubles in the consumer end of the business. Additionally, they believe that Expedia Group Inc. (NASDAQ:EXPE) can use B2B to diversify away from the consumer business marked by high competition. Additionally, they are also impressed by EBITDA margin growing to 25.9% in Q2 and a hike to full year margin guidance. Yet the bears point towards the costs of using AI to expand m
1 month ago
Cleveland B2Bulls starter Owen Tornow held the high-powered Mainline Pharmacy offense without a hit through four innings Wednesday night at Sargent's Stadium.
But the defending champion Johnstown franchise found its figurative footing in the fifth, scoring six runs – enough for a combination of three effective pitchers – in Mainline Pharmacy's 6-1 victory to clinch Pool C in the 81st AAABA Tournament.
"At the end of the day, sometimes it's ugly, sometimes it's pretty," Mainline Pharmacy manager Chance Osborne said. "We just have to find a way to make it happen."
So far, the Johnstown team has succeeded doing exactly that. Mainline Pharmacy carries a 3-0 record into the elimination quarterfinal round Thursday at the Point against Altoona-1 Imler's Poultry (7 p.m.).
Cleveland (2-1) finished second in Pool C and has a date against Pool D winner Buffalo (3-0) at noon Thursday at Forest Hills Junior-Senior High School field.
#pharmacy #pool #owen
But the defending champion Johnstown franchise found its figurative footing in the fifth, scoring six runs – enough for a combination of three effective pitchers – in Mainline Pharmacy's 6-1 victory to clinch Pool C in the 81st AAABA Tournament.
"At the end of the day, sometimes it's ugly, sometimes it's pretty," Mainline Pharmacy manager Chance Osborne said. "We just have to find a way to make it happen."
So far, the Johnstown team has succeeded doing exactly that. Mainline Pharmacy carries a 3-0 record into the elimination quarterfinal round Thursday at the Point against Altoona-1 Imler's Poultry (7 p.m.).
Cleveland (2-1) finished second in Pool C and has a date against Pool D winner Buffalo (3-0) at noon Thursday at Forest Hills Junior-Senior High School field.
#pharmacy #pool #owen
1 month ago
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1 month ago
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1 month ago
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1 month ago
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1 month ago
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1 month ago
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1 month ago
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1 month ago
SIDMAN, Pa. – Cleveland pitcher Ben Bates fanned 10 batters on his way to logging a complete game as the B2Bulls opened Pool C play with a 7-4 win over the Youngstown Creekside Crocodiles at Forest Hills Junior-Senior High School.
Bates allowed four runs – all in the top of the ninth – on five hits and walked a pair in helping Cleveland open its stay in the 81st All American Amateur Baseball ******* ociation Tournament with a victory.
Bates threw 121 pitches, 84 for strikes.
The B2Bulls struck for a run in the second and two more in the third. Pairing a run in the seventh with two more in the eighth stretched Cleveland's lead to 7-0.
Giacomo Dolce totaled two hits – both doubles – with a pair of RBIs. Aaron Deoleo Rivas and Curtis Maier also had two knocks and two runs batted in for Cleveland.
#b2bulls #runs #pair #pool
Bates allowed four runs – all in the top of the ninth – on five hits and walked a pair in helping Cleveland open its stay in the 81st All American Amateur Baseball ******* ociation Tournament with a victory.
Bates threw 121 pitches, 84 for strikes.
The B2Bulls struck for a run in the second and two more in the third. Pairing a run in the seventh with two more in the eighth stretched Cleveland's lead to 7-0.
Giacomo Dolce totaled two hits – both doubles – with a pair of RBIs. Aaron Deoleo Rivas and Curtis Maier also had two knocks and two runs batted in for Cleveland.
#b2bulls #runs #pair #pool
1 month ago
Fundsmith, an investment management firm based in London, has released its second-quarter 2026 investor letter for its "Fundsmith Equity Fund." A copy of the letter can be downloaded here. The Fund returned -2.9% in the first half of 2026, underperforming the MSCI World Index by 14.1 percentage points, driven by challenges from a momentum-driven market dominated by passive index funds and AI-related exuberance. The letter discusses the rise of passive investing, noting that index funds now resemble active funds, concentrating heavily in a few sectors and stocks. Due to increased market volatility and a 51% portfolio turnover in the first half of the year, the firm plans to adopt a more active approach, incorporating momentum while maintaining its core mantra: buy good companies, don't overpay, and do little. In addition, please check the Firm's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Fundsmith Equity Fund highlighted Mastercard Incorporated (NYSE:MA) as a newly added position. Mastercard Incorporated (NYSE:MA) is a leading global payment technology company that provides transaction processing and other payment-related products and services. On July 31, 2026, Mastercard Incorporated (NYSE:MA) closed at $573.10 per share, reflecting a market capitalization of $502.04 billion. Mastercard Incorporated (NYSE:MA) posted a one-month return of 7.50%, while its shares gained 0.58% over the past 52 weeks.
Fundsmith Equity Fund stated the following regarding Mastercard Incorporated (NYSE:MA) in its Q2 2026 investor update:
"Mastercard Incorporated (NYSE:MA) – Mastercard operates a digital payment network connecting consumers, merchants, and banks worldwide. It benefits from a classic network effect: the more consumers use the card, the more merchants are forced to accept it, making it difficult for a new entrant to replicate. A new entrant would need to negotiate agreements and integrate its technology with the majority of global financial institutions. While digital payments feel ubiquitous in developed nations, roughly 1.4bn adults globally remain entirely unbanked. Future growth depends on bringing this unbanked population into the financial system, shifting remaining cash transactions to digital payments, and expanding into business-to business payments, a far bigger market than C2C or C2B payments. We now own both Visa and Mastercard in the portfolio as payments is one of the few sectors that we expect to grow no matter what happens with AI, and Mastercard and Visa are equally good businesses. This gives us a way to achieve >6% exposure to payments without excessive stock-specific risk or breaching UCITS concentration rules. Also, with 46% of all global transactions still done in cash and B2B payments 85% of the value of total global payments, there is plenty of room for two companies to grow and compound. ROIC: >75%, FCF yield: 4.5%."
#payments #letter #Equity #global
In its Q2 2026 investor letter, Fundsmith Equity Fund highlighted Mastercard Incorporated (NYSE:MA) as a newly added position. Mastercard Incorporated (NYSE:MA) is a leading global payment technology company that provides transaction processing and other payment-related products and services. On July 31, 2026, Mastercard Incorporated (NYSE:MA) closed at $573.10 per share, reflecting a market capitalization of $502.04 billion. Mastercard Incorporated (NYSE:MA) posted a one-month return of 7.50%, while its shares gained 0.58% over the past 52 weeks.
Fundsmith Equity Fund stated the following regarding Mastercard Incorporated (NYSE:MA) in its Q2 2026 investor update:
"Mastercard Incorporated (NYSE:MA) – Mastercard operates a digital payment network connecting consumers, merchants, and banks worldwide. It benefits from a classic network effect: the more consumers use the card, the more merchants are forced to accept it, making it difficult for a new entrant to replicate. A new entrant would need to negotiate agreements and integrate its technology with the majority of global financial institutions. While digital payments feel ubiquitous in developed nations, roughly 1.4bn adults globally remain entirely unbanked. Future growth depends on bringing this unbanked population into the financial system, shifting remaining cash transactions to digital payments, and expanding into business-to business payments, a far bigger market than C2C or C2B payments. We now own both Visa and Mastercard in the portfolio as payments is one of the few sectors that we expect to grow no matter what happens with AI, and Mastercard and Visa are equally good businesses. This gives us a way to achieve >6% exposure to payments without excessive stock-specific risk or breaching UCITS concentration rules. Also, with 46% of all global transactions still done in cash and B2B payments 85% of the value of total global payments, there is plenty of room for two companies to grow and compound. ROIC: >75%, FCF yield: 4.5%."
#payments #letter #Equity #global
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.
Revenue and enrollment remained consistent with the prior year, supported by multi-year investments in technology-enabled support and skills-aligned curriculum that bolstered student retention.
Management attributed near-term enrollment friction to a fundamental shift in how prospective students evaluate options, noting longer and more iterative processes as AI-powered search becomes a primary discovery tool.
The university accelerated its 'Built for Real Life' omnichannel campaign to Q3 to proactively influence AI-powered search results by providing authoritative, evidence-based content on flexibility and affordability.
Employer-supported enrollment grew to approximately 36% of the total base, reflecting a strategic pivot toward B2B relationships that offer higher completion rates and lower acquisition costs.
Revenue and enrollment remained consistent with the prior year, supported by multi-year investments in technology-enabled support and skills-aligned curriculum that bolstered student retention.
Management attributed near-term enrollment friction to a fundamental shift in how prospective students evaluate options, noting longer and more iterative processes as AI-powered search becomes a primary discovery tool.
The university accelerated its 'Built for Real Life' omnichannel campaign to Q3 to proactively influence AI-powered search results by providing authoritative, evidence-based content on flexibility and affordability.
Employer-supported enrollment grew to approximately 36% of the total base, reflecting a strategic pivot toward B2B relationships that offer higher completion rates and lower acquisition costs.
2 months ago
Martin Priestley/Getty Images
European dealmaking was more durable than its global counterparts in the second quarter of this year, holding up amid a wave of geopolitical uncertainty that hit other major markets much harder.
European M&A value fell 6.4% QoQ in Q2 to $344 billion, a shallower decline than the 24.3% drop recorded in North America, according to PitchBook's Q2 2026 Global M&A Report. Deal count moved in the opposite direction, up 0.9% in Europe to 5,061, even as it fell an estimated 7.3% in North America.
The resilience has been building for a year, as both sponsors and corporate acquirers have increasingly targeted Europe in search of higher returns. The region's fragmentation, need for localized expertise, and lower entry multiples than North America have made it an attractive hunting ground. At the same time, large family-owned businesses based in countries such as Italy and Spain remain largely untapped by PE.
That resilience showed up most clearly in B2B, Europe's strongest sector of the quarter, where deal value rose 35.6% quarter-over-quarter to $129 billion. Two megadeals accounted for roughly a third of the region's B2B deal value: Finnish elevator maker Kone, together with existing investors Advent International and Cinven, agreed to buy German rival TK Elevator for $34.3 billion in April, while EQT agreed to take product-testing firm Intertek private for $14.6 billion at a 62% premium to its listed shares in June.
European dealmaking was more durable than its global counterparts in the second quarter of this year, holding up amid a wave of geopolitical uncertainty that hit other major markets much harder.
European M&A value fell 6.4% QoQ in Q2 to $344 billion, a shallower decline than the 24.3% drop recorded in North America, according to PitchBook's Q2 2026 Global M&A Report. Deal count moved in the opposite direction, up 0.9% in Europe to 5,061, even as it fell an estimated 7.3% in North America.
The resilience has been building for a year, as both sponsors and corporate acquirers have increasingly targeted Europe in search of higher returns. The region's fragmentation, need for localized expertise, and lower entry multiples than North America have made it an attractive hunting ground. At the same time, large family-owned businesses based in countries such as Italy and Spain remain largely untapped by PE.
That resilience showed up most clearly in B2B, Europe's strongest sector of the quarter, where deal value rose 35.6% quarter-over-quarter to $129 billion. Two megadeals accounted for roughly a third of the region's B2B deal value: Finnish elevator maker Kone, together with existing investors Advent International and Cinven, agreed to buy German rival TK Elevator for $34.3 billion in April, while EQT agreed to take product-testing firm Intertek private for $14.6 billion at a 62% premium to its listed shares in June.
2 months ago
FedEx Corp. has launched a life sciences division offering specialized logistics services for companies shipping pharmaceuticals, medical devices, biologics, clinical trial drugs and other critical healthcare shipments, the company announced on Thursday.
The move is part of a growing strategy at FedEx (NYSE: FDX), as well as rivals UPS and DHL, to pivot from the legacy parcel delivery business to focus on high-margin, premium market segments such as healthcare.
Chief Commercial Officer Brie Carere first mentioned the launch of FedEx Life Sciences during the company's earnings presentation on June 23, saying the company saw strong growth opportunities in the $80 billion healthcare transportation market.
"Transporting vital healthcare deliveries requires more than just standard logistics. It depends upon an intelligent, highly specialized network built for patient-critical needs," she said in Thursday's news release.
Most of FedEx's 13% revenue growth during the fourth quarter ended May 31 came from B2B premium markets such as automotive, healthcare, aerospace, data centers and specialized B2C.
The move is part of a growing strategy at FedEx (NYSE: FDX), as well as rivals UPS and DHL, to pivot from the legacy parcel delivery business to focus on high-margin, premium market segments such as healthcare.
Chief Commercial Officer Brie Carere first mentioned the launch of FedEx Life Sciences during the company's earnings presentation on June 23, saying the company saw strong growth opportunities in the $80 billion healthcare transportation market.
"Transporting vital healthcare deliveries requires more than just standard logistics. It depends upon an intelligent, highly specialized network built for patient-critical needs," she said in Thursday's news release.
Most of FedEx's 13% revenue growth during the fourth quarter ended May 31 came from B2B premium markets such as automotive, healthcare, aerospace, data centers and specialized B2C.
2 months ago
AngelList, the venture capital platform hosting more than 50,000 funds and 800,000 accredited investors, is terminating its partnership with Rail – the B2B payments platform operated by Ripple – effective July 31, 2026, removing all crypto payment options from the platform in the process. The decision is a direct setback for Ripple's enterprise payment ambitions, less than a year after it paid $200 million to acquire Rail.
Xrp (XRP)24h7d30d1yAll time
AngelList confirmed the move in a formal notice, stating that USDC, USDT, DAI, and ETH will become completely unavailable after the July 31 deadline. Users have been directed to switch to ACH and wire transfers for any upcoming investments to avoid processing delays. Existing investments, account access, and portfolio data are unaffected.
No explanation was given for the decision beyond the wind-down notice itself.
Discover: The Best Crypto to Diversify Your Portfolio
Xrp (XRP)24h7d30d1yAll time
AngelList confirmed the move in a formal notice, stating that USDC, USDT, DAI, and ETH will become completely unavailable after the July 31 deadline. Users have been directed to switch to ACH and wire transfers for any upcoming investments to avoid processing delays. Existing investments, account access, and portfolio data are unaffected.
No explanation was given for the decision beyond the wind-down notice itself.
Discover: The Best Crypto to Diversify Your Portfolio
2 months ago
Repay Holdings Corporation (NASDAQ:RPAY) is one of the best value penny stocks to buy according to hedge funds. On June 29, Repay Holdings confirmed that it had received a revised, non-binding proposal from Forager Capital Management, LLC to acquire all outstanding shares of the company for $5.25 per share in cash. This unsolicited offer is currently under review by Repay's Board of Directors, which is consulting with its legal and financial advisors to ensure the proposal is evaluated in accordance with its fiduciary duties.
The company has explicitly stated that its stockholders do not need to take any action regarding this proposal at this time. As the process moves forward, Repay Holdings Corporation (NASDAQ:RPAY) is being advised by JPMorgan Securities LLC on the financial front, with legal counsel provided by Troutman Pepper Locke LLP and Sullivan & Cromwell LLP.
Forager Capital Management is an existing stockholder of the payment processing firm. The board's review process will determine the next steps for the company in response to this offer, maintaining a focus on corporate strategy and shareholder interests throughout the evaluation.
Repay Holdings Corporation (NASDAQ:RPAY) is a payment technology company offering integrated solutions that enable businesses to accept and send electronic payments, serving sectors such as personal loans, auto finance, and B2B through its Consumer and Business Payments segments.
While we acknowledge the potential of RPAY 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.
The company has explicitly stated that its stockholders do not need to take any action regarding this proposal at this time. As the process moves forward, Repay Holdings Corporation (NASDAQ:RPAY) is being advised by JPMorgan Securities LLC on the financial front, with legal counsel provided by Troutman Pepper Locke LLP and Sullivan & Cromwell LLP.
Forager Capital Management is an existing stockholder of the payment processing firm. The board's review process will determine the next steps for the company in response to this offer, maintaining a focus on corporate strategy and shareholder interests throughout the evaluation.
Repay Holdings Corporation (NASDAQ:RPAY) is a payment technology company offering integrated solutions that enable businesses to accept and send electronic payments, serving sectors such as personal loans, auto finance, and B2B through its Consumer and Business Payments segments.
While we acknowledge the potential of RPAY 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.
2 months ago
Expedia Group Inc. (NASDAQ:EXPE) is one of the Iran Peace Deal Sends Oil Lower: Top 8 Travel Stocks to Buy Now. Expedia Group Inc. (NASDAQ:EXPE) has significantly outperformed the broader travel industry over the last 12 months. On June 16, Justin Post from Bank of America Securities reiterated a Buy rating on Expedia Group Inc. (NASDAQ:EXPE) and set a price target of $310. Even though the ****** yst's price target for the stock implies approximately 17% upside from current levels, the stock's performance has been choppy.
Earlier on May 20, EXPE announced an agreement to acquire CarTrawler, an Ireland-based B2B platform powering car rental. This collaboration enhances Expedia's ability to deliver mobility and Insuretech solutions for travelers worldwide. CarTrawler's platform will bring expertise by connecting more than 500 car rental suppliers to more than 300 leading travel brands around the world, including airlines. As a result of this collaboration, there will be new growth opportunities for the business.
By leveraging EXPE's extensive distribution network, car rental and transportation providers can expand their customer reach. Customers will get a broader range of car rental, ground transportation, and insurance products at competitive prices. As a result, travelers benefit from more choices when booking through Expedia's brands or its partners.
Expedia Group Inc. (NASDAQ:EXPE) is an online travel company that provides travel products and services across the B2C, B2B, and Trivago segments. The company is based in Seattle, Washington, and was founded in 1994.
While we acknowledge the potential of EXPE 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.
Earlier on May 20, EXPE announced an agreement to acquire CarTrawler, an Ireland-based B2B platform powering car rental. This collaboration enhances Expedia's ability to deliver mobility and Insuretech solutions for travelers worldwide. CarTrawler's platform will bring expertise by connecting more than 500 car rental suppliers to more than 300 leading travel brands around the world, including airlines. As a result of this collaboration, there will be new growth opportunities for the business.
By leveraging EXPE's extensive distribution network, car rental and transportation providers can expand their customer reach. Customers will get a broader range of car rental, ground transportation, and insurance products at competitive prices. As a result, travelers benefit from more choices when booking through Expedia's brands or its partners.
Expedia Group Inc. (NASDAQ:EXPE) is an online travel company that provides travel products and services across the B2C, B2B, and Trivago segments. The company is based in Seattle, Washington, and was founded in 1994.
While we acknowledge the potential of EXPE 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.
3 months ago
Capital One Financial Corporation (NYSE:COF) is one of the most undervalued NYSE stocks to invest in. On June 16, Capital One Software, the B2B technology and data-management division of Capital One Financial, launched Databolt Connect, a new application on the Databricks Marketplace designed to facilitate secure, multi-party data collaboration. The tool enables organizations, particularly in fields like Health and Life Sciences, to link sensitive datasets for research and ***** ytics while maintaining strict privacy and regulatory compliance.
The application operates within a zero-trust, native Databricks environment, ensuring that raw, sensitive data never leaves a customer's control. It features customizable tokenization and data generalization (such as converting full dates or ZIP codes into protected formats), which supports HIPAA de-identification workflows and allows for secure record linking between multiple parties within Databricks Clean Rooms.
By providing a way to ***** yze data without exposing identifiers to third parties, Databolt Connect aims to help enterprises balance the need for innovation with security requirements. The solution is part of Capital One Software's broader efforts to help organizations scale data management and AI capabilities in the cloud.
Capital One Financial Corporation (NYSE:COF) is a financial services company that provides various financial products and services through three segments: Credit Card, Consumer Banking, and Commercial Banking.
While we acknowledge the potential of COF 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.
The application operates within a zero-trust, native Databricks environment, ensuring that raw, sensitive data never leaves a customer's control. It features customizable tokenization and data generalization (such as converting full dates or ZIP codes into protected formats), which supports HIPAA de-identification workflows and allows for secure record linking between multiple parties within Databricks Clean Rooms.
By providing a way to ***** yze data without exposing identifiers to third parties, Databolt Connect aims to help enterprises balance the need for innovation with security requirements. The solution is part of Capital One Software's broader efforts to help organizations scale data management and AI capabilities in the cloud.
Capital One Financial Corporation (NYSE:COF) is a financial services company that provides various financial products and services through three segments: Credit Card, Consumer Banking, and Commercial Banking.
While we acknowledge the potential of COF 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.
3 months ago
Indian e-commerce company Meesho has agreed to purchase Kirana Club, a community-focused B2B commerce platform, in a transaction valued at Rs2.02bn ($21.34m).
Established in 2020 by Anshul Gupta and Aishwarya Jain, Kirana Club runs a mobile-led platform through which small shopkeepers, mainly in Tier 2, Tier 3 and Tier 4 towns, as well as rural markets, can find, compare and purchase fast-moving consumer goods directly from brands.
The company says it has more than 4.1 million registered retailers on its platform.
According to a regulatory filing, Meesho's board has cleared the acquisition of a 100% holding in Singapore-based Kirana Club Pte Ltd and its Indian arm, Retail Pulse Labs.
The deal offers a complete exit to current investors while the founders will remain in leadership roles. Kirana Club will continue to function independently within the Meesho group.
Established in 2020 by Anshul Gupta and Aishwarya Jain, Kirana Club runs a mobile-led platform through which small shopkeepers, mainly in Tier 2, Tier 3 and Tier 4 towns, as well as rural markets, can find, compare and purchase fast-moving consumer goods directly from brands.
The company says it has more than 4.1 million registered retailers on its platform.
According to a regulatory filing, Meesho's board has cleared the acquisition of a 100% holding in Singapore-based Kirana Club Pte Ltd and its Indian arm, Retail Pulse Labs.
The deal offers a complete exit to current investors while the founders will remain in leadership roles. Kirana Club will continue to function independently within the Meesho group.
3 months ago
Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
The French telecommunications market is facing its most significant structural shift in over a decade. Bouygues Telecom, Orange SA, and Iliad's Free have signed a memorandum of understanding with Altice France to acquire and partition the country's second-largest carrier, SFR, in a transaction valued at €20.35 billion ($23.44 billion) including debt.
If approved by antitrust regulators, the deal will reduce the number of nationwide mobile operators in France from four to three, serving as a critical test of Europe's shifting stance on corporate consolidation.
The formal agreement follows months of multi-party negotiations and an increased offer from the consortium, which raised its baseline valuation from an initial €17 billion proposal in April. Facing a strict June 5 exclusivity deadline, the buyers extended talks by an additional 48 hours to lock in the final terms with Altice France. Under the finalized ****** et-splitting arrangement, SFR's 20-million-plus customer base and infrastructure will be partitioned based on a strict financing and regulatory formula.
Bouygues Telecom will fund 42% of the transaction, securing the largest share of SFR's commercial footprint. Bouygues will inherit SFR's business-to-business (B2B) fixed-line operations, its mobile network infrastructure across low-density rural regions, and 5.9 million standard retail contracts. The acquisition elevates Bouygues to the number-two telecom operator in France.
The French telecommunications market is facing its most significant structural shift in over a decade. Bouygues Telecom, Orange SA, and Iliad's Free have signed a memorandum of understanding with Altice France to acquire and partition the country's second-largest carrier, SFR, in a transaction valued at €20.35 billion ($23.44 billion) including debt.
If approved by antitrust regulators, the deal will reduce the number of nationwide mobile operators in France from four to three, serving as a critical test of Europe's shifting stance on corporate consolidation.
The formal agreement follows months of multi-party negotiations and an increased offer from the consortium, which raised its baseline valuation from an initial €17 billion proposal in April. Facing a strict June 5 exclusivity deadline, the buyers extended talks by an additional 48 hours to lock in the final terms with Altice France. Under the finalized ****** et-splitting arrangement, SFR's 20-million-plus customer base and infrastructure will be partitioned based on a strict financing and regulatory formula.
Bouygues Telecom will fund 42% of the transaction, securing the largest share of SFR's commercial footprint. Bouygues will inherit SFR's business-to-business (B2B) fixed-line operations, its mobile network infrastructure across low-density rural regions, and 5.9 million standard retail contracts. The acquisition elevates Bouygues to the number-two telecom operator in France.
1 yr. ago
$GPOX News GPOPlus+ Activates Field Teams in Las Vegas as Initial Phase of National Rollout Strategy
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#B2B #NDAQ #NASDAQ #AI #wsj #nytimes #business #reuters #forbes #jakepaul #cnn #bet #FoxNews #latimes #Crainschicago #usatoday #barronsonline
https://cutt.ly/HrcF8Wm7
https://cutt.ly/HrcF8Wm7
#B2B #NDAQ #NASDAQ #AI #wsj #nytimes #business #reuters #forbes #jakepaul #cnn #bet #FoxNews #latimes #Crainschicago #usatoday #barronsonline
https://cutt.ly/HrcF8Wm7
1 yr. ago
Big news! Cubeler Advertising is now live! Cut through all the digital noise to reach engaged SME decision-makers directly—at no cost.
Level up your B2B advertising strategy today! https://hubs.la/Q03cCTPy0
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1 yr. ago
InfoComm Asia, a leading B2B tradeshow for Pro AV and IT sectors, returns to Bangkok, providing a key platform for networking, knowledge sharing, and business development.
