22 hours ago
MercadoLibre (NASDAQ: MELI) stock has fallen by 31% from its previous peak as Wall Street focuses on near-term margin pressure and intensifying competition. Yet the business continues to expand rapidly in Latin America's e-commerce market, potentially setting the stage for market-beating returns in the next five years.
Its lower margins are not a result of competition, but rather of its higher near-term spending on infrastructure to support growth. This makes the stock a compelling buy for patient investors.
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 »
Similar to Amazon in the U.S., MercadoLibre has a structural advantage in Latin America's e-commerce market. It continues to invest in logistics infrastructure to build the most efficient delivery network in one of the world's fastest-growing e-commerce markets.
The growth it continues to report shows a huge opportunity ahead. The number of unique active buyers grew 26% year over year in the first quarter. Gross merchandise volume increased by 36%, with the number of items sold rising by 47%. It does face increasing competition from Asian e-commerce companies like Temu and Shopee, but these numbers show that MercadoLibre's investments to expand free shipping offers and other services are protecting its competitive position.
#Competition #continues #mercadolibre #Stock
Its lower margins are not a result of competition, but rather of its higher near-term spending on infrastructure to support growth. This makes the stock a compelling buy for patient investors.
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 »
Similar to Amazon in the U.S., MercadoLibre has a structural advantage in Latin America's e-commerce market. It continues to invest in logistics infrastructure to build the most efficient delivery network in one of the world's fastest-growing e-commerce markets.
The growth it continues to report shows a huge opportunity ahead. The number of unique active buyers grew 26% year over year in the first quarter. Gross merchandise volume increased by 36%, with the number of items sold rising by 47%. It does face increasing competition from Asian e-commerce companies like Temu and Shopee, but these numbers show that MercadoLibre's investments to expand free shipping offers and other services are protecting its competitive position.
#Competition #continues #mercadolibre #Stock
22 hours 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.
On one hand, UPS beat on everything that mattered this quarter. EPS of $1.76 against $1.66 expected, revenue of $22.8 billion against $21.81 billion expected, and raised full-year guidance on top of it. On the other hand, the stock fell 8% anyway, because Wall Street also got to see UPS' third-quarter outlook.
The best line of the whole call, though, came from CEO Carol Tomé, who said, "if you ignore Amazon and the volume that we intentionally made available to the market, we actually grew our volume in the second quarter." Which, sure, if you ignore the baseball playing, the Mets look great this year. Half the companies in America would probably love the chance to report earnings with an asterisk that says "excluding our biggest, most demanding customer, everything here looks fantastic." Tomé is just the one honest enough to say it out loud on a recorded call.
The Amazon divorce is real, though, and mostly finished. UPS has cut roughly 2 million pieces a day of what it calls "lower quality Amazon volume," stripping out about $4.5 billion in related costs so far, on purpose, in exchange for a leaner network it insists will pay off as volume grows elsewhere. Domestic revenue rose 6% on higher revenue per piece, international jumped 12.5%, and healthcare logistics cleared $3 billion for a second straight quarter, with Tomé bragging UPS is the only carrier offering true end-to-end healthcare delivery on its own ******* ets.
One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.
#revenue
On one hand, UPS beat on everything that mattered this quarter. EPS of $1.76 against $1.66 expected, revenue of $22.8 billion against $21.81 billion expected, and raised full-year guidance on top of it. On the other hand, the stock fell 8% anyway, because Wall Street also got to see UPS' third-quarter outlook.
The best line of the whole call, though, came from CEO Carol Tomé, who said, "if you ignore Amazon and the volume that we intentionally made available to the market, we actually grew our volume in the second quarter." Which, sure, if you ignore the baseball playing, the Mets look great this year. Half the companies in America would probably love the chance to report earnings with an asterisk that says "excluding our biggest, most demanding customer, everything here looks fantastic." Tomé is just the one honest enough to say it out loud on a recorded call.
The Amazon divorce is real, though, and mostly finished. UPS has cut roughly 2 million pieces a day of what it calls "lower quality Amazon volume," stripping out about $4.5 billion in related costs so far, on purpose, in exchange for a leaner network it insists will pay off as volume grows elsewhere. Domestic revenue rose 6% on higher revenue per piece, international jumped 12.5%, and healthcare logistics cleared $3 billion for a second straight quarter, with Tomé bragging UPS is the only carrier offering true end-to-end healthcare delivery on its own ******* ets.
One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.
#revenue
22 hours ago
CMA CGM posted impressive Q2 earnings as it navigated volatile supply chain conditions to substantial increases in container volumes and profit.
The closely-held provider of diversified logistics services based in Marseille today said maritime volumes rose 6% to 6.3 million container units from 5.97 million in 2025. Revenue spiked 22% to $9.96 billion from $8.17 billion, while earnings before interest, taxes, depreciation and amortization (EBITDA) were up 42.4%, to $2.26 billion from $1.59 billion. EBITDA margin improved from 19.4% to 22.7%
"Against a backdrop of continued geopolitical instability, the Group delivered solid results in the second quarter of 2026, driven by the performance of our shipping activities, the growth of our terminals and air cargo businesses, and the complementary strengths of our logistics operations," said Rodolphe Saade, chairman and chief executive, whose family controls CMA CGM. "This performance reflects our strategy of expanding in key markets and investing in strategic **** ets. They once again demonstrate the strength of our model, our agility and our resilience, all in support of delivering reliable, high-quality service to our customers."
The company said that the second quarter of 2026 was "a particularly volatile market environment for the shipping and logistics industry, marked by the multiplication of geopolitical conflicts, particularly in the Middle East, and a high level of macroeconomic uncertainty."
Overall revenue grew 19.2% to $15.69 billion from $13.17 billion as EBITDA improved 31% to $2.99 billion from $2.28 billion and EBITDA margin was up 1.7 points to 19% from 17.3%. Net income was better at $770 million from $520 million.
#ebitda #volumes #Margin
The closely-held provider of diversified logistics services based in Marseille today said maritime volumes rose 6% to 6.3 million container units from 5.97 million in 2025. Revenue spiked 22% to $9.96 billion from $8.17 billion, while earnings before interest, taxes, depreciation and amortization (EBITDA) were up 42.4%, to $2.26 billion from $1.59 billion. EBITDA margin improved from 19.4% to 22.7%
"Against a backdrop of continued geopolitical instability, the Group delivered solid results in the second quarter of 2026, driven by the performance of our shipping activities, the growth of our terminals and air cargo businesses, and the complementary strengths of our logistics operations," said Rodolphe Saade, chairman and chief executive, whose family controls CMA CGM. "This performance reflects our strategy of expanding in key markets and investing in strategic **** ets. They once again demonstrate the strength of our model, our agility and our resilience, all in support of delivering reliable, high-quality service to our customers."
The company said that the second quarter of 2026 was "a particularly volatile market environment for the shipping and logistics industry, marked by the multiplication of geopolitical conflicts, particularly in the Middle East, and a high level of macroeconomic uncertainty."
Overall revenue grew 19.2% to $15.69 billion from $13.17 billion as EBITDA improved 31% to $2.99 billion from $2.28 billion and EBITDA margin was up 1.7 points to 19% from 17.3%. Net income was better at $770 million from $520 million.
#ebitda #volumes #Margin
4 days ago
The 2026 Formula 1 calendar has been in a state of flux since the Middle East conflict forced the cancellation of the Bahrain and Saudi Arabian Grands Prix earlier this year. Now, the scramble to fill the void is reaching a climax, and a fan-favorite circuit is on the verge of an unexpected return.
According to a recent update from F1 Speed Indonesia, Malaysian Prime Minister Anwar Ibrahim has officially addressed the rumors surrounding the Sepang International Circuit. Responding to press inquiries regarding F1's request to have Malaysia replace the canceled Bahrain GP, Ibrahim confirmed that a definitive answer is imminent.
"Regarding F1, we will make an announcement on Sunday," the Prime Minister stated, setting a July 26 deadline for the decision.
This aligns with recent confirmations from Malaysia's Youth and Sports Ministry, which has been actively ***** sing the feasibility, costs, and logistics of hosting a Grand Prix at short notice.
The aggressive push for Malaysia comes after F1's initial contingency plans fell apart. Organizers had originally hoped to reschedule the Bahrain GP for early October—slotting it right between the Azerbaijan and Singapore races. However, with geopolitical tensions flaring up once again, the FIA and F1 management have been forced to abandon the Middle East makeup dates entirely.
#Bahrain #prix #malaysia #circuit
According to a recent update from F1 Speed Indonesia, Malaysian Prime Minister Anwar Ibrahim has officially addressed the rumors surrounding the Sepang International Circuit. Responding to press inquiries regarding F1's request to have Malaysia replace the canceled Bahrain GP, Ibrahim confirmed that a definitive answer is imminent.
"Regarding F1, we will make an announcement on Sunday," the Prime Minister stated, setting a July 26 deadline for the decision.
This aligns with recent confirmations from Malaysia's Youth and Sports Ministry, which has been actively ***** sing the feasibility, costs, and logistics of hosting a Grand Prix at short notice.
The aggressive push for Malaysia comes after F1's initial contingency plans fell apart. Organizers had originally hoped to reschedule the Bahrain GP for early October—slotting it right between the Azerbaijan and Singapore races. However, with geopolitical tensions flaring up once again, the FIA and F1 management have been forced to abandon the Middle East makeup dates entirely.
#Bahrain #prix #malaysia #circuit
5 days ago
For e-commerce brands trapped in bad logistics partnerships, breaking free can feel almost impossible. The decision to leave an underperforming third-party logistics provider (3PL) is usually simple enough, but contract termination fees, system integrations and inventory transfer expenses stand firmly in the way. Making a switch is pricey.
As a result, growing businesses often remain connected to inflexible partners that drive up overhead and offer very little operational visibility.
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#sourcing
As a result, growing businesses often remain connected to inflexible partners that drive up overhead and offer very little operational visibility.
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#sourcing
5 days ago
Growth in last-mile delivery for big and bulky e-commerce items has slowed by half because stagnant home sales mean people are ordering fewer large-ticket discretionary items like furniture and appliances, cutting into profit margins, according to a report from Armstrong & ******* ociates and the National Home Delivery ******* ociation.
Armstrong & ******* ociates estimated the $10.6 billion market for residential delivery of oversized and heavyweight items will grow at a 5.1% compound annual rate through 2027, down from 10.6% over the past eight years, reaching an estimated value of $12.3 billion. Winning service providers will be those that can best execute core, commoditized services such as white-glove delivery, time-definite, returns and in-home ******* embly.
The expansion continues to be driven by major retailers and e-commerce platforms, including Amazon, Wayfair, Home Depot and Lowe's, which have made large-format products central to their online offerings. Many third-party logistics providers (3PLs) support them, primarily utilizing independent contractors and freight brokerage operations, but the work is more complex and cost-intensive than for final-mile couriers in parcel networks who simply drop off packages at doorsteps, or in mailboxes.
As more consumers purchase ******* bersome products online, carriers face growing pressure to provide not just transportation to the curb, but a premium, in-home delivery experience that may include setup, installation, and even haul-away services, while keeping costs under control, the report said.
Demand for exercise equipment, mattresses, furniture and other large items is closely tied to switches in living locations. When people and businesses move, they tend to upgrade items, or add new ones to fill larger ******* es.
#home #associates #furniture
Armstrong & ******* ociates estimated the $10.6 billion market for residential delivery of oversized and heavyweight items will grow at a 5.1% compound annual rate through 2027, down from 10.6% over the past eight years, reaching an estimated value of $12.3 billion. Winning service providers will be those that can best execute core, commoditized services such as white-glove delivery, time-definite, returns and in-home ******* embly.
The expansion continues to be driven by major retailers and e-commerce platforms, including Amazon, Wayfair, Home Depot and Lowe's, which have made large-format products central to their online offerings. Many third-party logistics providers (3PLs) support them, primarily utilizing independent contractors and freight brokerage operations, but the work is more complex and cost-intensive than for final-mile couriers in parcel networks who simply drop off packages at doorsteps, or in mailboxes.
As more consumers purchase ******* bersome products online, carriers face growing pressure to provide not just transportation to the curb, but a premium, in-home delivery experience that may include setup, installation, and even haul-away services, while keeping costs under control, the report said.
Demand for exercise equipment, mattresses, furniture and other large items is closely tied to switches in living locations. When people and businesses move, they tend to upgrade items, or add new ones to fill larger ******* es.
#home #associates #furniture
5 days ago
Interested in Knight-Swift Transportation Holdings Inc.? Here are five stocks we like better.
Knight-Swift said the truckload market tightened sharply in Q2 2026, with spot rates, tender rejections and bid activity all improving. Management said the tighter environment was largely supply-driven, though demand signs are also starting to improve.
Second-quarter earnings improved meaningfully, with adjusted EPS rising 80% year over year to $0.63 and consolidated adjusted operating ratio improving 240 basis points to 91.4%. The company also guided Q3 adjusted EPS to $0.71 to $0.77, above Q2 results.
Truckload was the standout segment, benefiting from better pricing and network efficiency, while U.S. Xpress posted its first profitable quarter since acquisition. By contrast, Logistics was weaker and LTL was mixed, though both intermodal and LTL margins improved.
These 3 Stocks Just Got Upgraded—and Could Keep Climbing
#stocks #truckload #improved
Knight-Swift said the truckload market tightened sharply in Q2 2026, with spot rates, tender rejections and bid activity all improving. Management said the tighter environment was largely supply-driven, though demand signs are also starting to improve.
Second-quarter earnings improved meaningfully, with adjusted EPS rising 80% year over year to $0.63 and consolidated adjusted operating ratio improving 240 basis points to 91.4%. The company also guided Q3 adjusted EPS to $0.71 to $0.77, above Q2 results.
Truckload was the standout segment, benefiting from better pricing and network efficiency, while U.S. Xpress posted its first profitable quarter since acquisition. By contrast, Logistics was weaker and LTL was mixed, though both intermodal and LTL margins improved.
These 3 Stocks Just Got Upgraded—and Could Keep Climbing
#stocks #truckload #improved
5 days ago
Commodity traders are having the rug pulled out from under one of their biggest paydays yet as refiners start bypassing oil and traders and buying Venezuelan crude directly, according to Reuters. Refiners and major oil-producing firms are rapidly gaining market share in Venezuelan crude by locking in direct supply contracts with state-run Petróleos de Venezuela, S.A. (PDVSA), bypassing the global middlemen and commodity trading houses such as Trafigura and Vitol that previously dominated the ***** e.
Six months after traders reopened Venezuela's oil market, Phillips 66 (NYSE:PSX) and India's Reliance Industries have already signed direct supply agreements, with Valero (NYSE:VLO) and Thailand's Tipco expected to follow.
Previously, Vitol and Trafigura enjoyed first-mover advantage, managing to become dominant in Venezuelan crude marketing because of their exclusive U.S. government licenses, pre-existing logistical infrastructure and historical ties to PDVSA. Following major political shifts in Venezuela in January, the U.S. administration brokered a deal to manage and sell the country's oil. The U.S. Department of the Treasury issued special, long-term licenses specifically to Vitol and Trafigura until June 2027, effectively giving the traders a temporary monopoly. The pair collectively moved more than 100 million barrels of crude over a six-month period while other global firms remained legally locked out.
Their unmatched logistics also gave them a clear upper hand. After all, global trading houses have the fleet capacity and global reach to quickly deploy tankers and reroute large volumes of crude. They could absorb massive storage and shipping costs in a difficult market, using floating storage facilities in places like Malaysia to break up bulk shipments. When the ongoing war in Iran disrupted Middle Eastern supply chains, Vitol and Trafigura quickly diverted heavy Venezuelan grades like Merey 16 to major Asian refining hubs in India, South Korea, and Malaysia at narrower discounts.
Related: Equinor CEO: Europe May Miss Winter Gas Storage Goal
#venezuelan #crude #storage
Six months after traders reopened Venezuela's oil market, Phillips 66 (NYSE:PSX) and India's Reliance Industries have already signed direct supply agreements, with Valero (NYSE:VLO) and Thailand's Tipco expected to follow.
Previously, Vitol and Trafigura enjoyed first-mover advantage, managing to become dominant in Venezuelan crude marketing because of their exclusive U.S. government licenses, pre-existing logistical infrastructure and historical ties to PDVSA. Following major political shifts in Venezuela in January, the U.S. administration brokered a deal to manage and sell the country's oil. The U.S. Department of the Treasury issued special, long-term licenses specifically to Vitol and Trafigura until June 2027, effectively giving the traders a temporary monopoly. The pair collectively moved more than 100 million barrels of crude over a six-month period while other global firms remained legally locked out.
Their unmatched logistics also gave them a clear upper hand. After all, global trading houses have the fleet capacity and global reach to quickly deploy tankers and reroute large volumes of crude. They could absorb massive storage and shipping costs in a difficult market, using floating storage facilities in places like Malaysia to break up bulk shipments. When the ongoing war in Iran disrupted Middle Eastern supply chains, Vitol and Trafigura quickly diverted heavy Venezuelan grades like Merey 16 to major Asian refining hubs in India, South Korea, and Malaysia at narrower discounts.
Related: Equinor CEO: Europe May Miss Winter Gas Storage Goal
#venezuelan #crude #storage
6 days ago
Irving, Texas-based Vistra Corp. (VST) operates as an integrated retail electricity and power generation company. With a market cap of $54.7 billion, the companyis also involved in wholesale energy purchases and sales, commodity risk management, fuel production, and fuel logistics management activities. The leading integrated retail electricity and power generation company is expected to announce its fiscal second-quarter earnings for 2026 before the market opens on Friday, Aug. 7.
Ahead of the event, ***** ysts expect VST to report a profit of $2.43 per share on a diluted basis, up 140.6% from $1.01 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
Crude Oil Prices Rally on Global Supply Risks
Nat-Gas Prices Fluctuate on Tropical Storm Risk
Fervo Energy Just Scored a New 'Buy' Rating. Here's Why.
#generation
Ahead of the event, ***** ysts expect VST to report a profit of $2.43 per share on a diluted basis, up 140.6% from $1.01 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
Crude Oil Prices Rally on Global Supply Risks
Nat-Gas Prices Fluctuate on Tropical Storm Risk
Fervo Energy Just Scored a New 'Buy' Rating. Here's Why.
#generation
6 days ago
The Jaffna Kings will continue their Lanka Premier League (LPL) 2026 campaign despite their franchise rights being terminated by Sri Lanka Cricket (SLC) and tournament organiser Innovative Production Group (IPG) over financial and contractual breaches. The decision, announced on Thursday, sees all franchise rights revert to IPG, which, alongside SLC, has ******* umed complete operational control of the four-time champions to ensure the tournament proceeds without disruption.
According to SLC and IPG, the franchise owners failed to fulfil their financial obligations under the franchise agreement. The termination comes in the middle of the tournament following a series of controversies surrounding the ownership group, Sports Commune.
Co-owner Manjot Kalra was arrested over corruption-related allegations, while another owner, Mayank Goel, has become unreachable. The ownership group also allegedly failed to pay player and staff salaries and mismanaged sponsor funds, leading to the cancellation of the franchise agreement.
As a result, IPG and SLC have taken direct control of the team's operations. Despite the ownership shake-up, the Jaffna Kings will continue under the same name with their existing squad, coaching staff and support personnel.
IPG CEO Anil Mohan stressed that safeguarding the tournament's integrity remained the organisers' top priority.
"While this was a difficult decision, our priority has always been to protect the integrity of the Lanka Premier League and ensure complete stability for our players, coaches, partners and fans. Together with Sri Lanka Cricket, we have acted swiftly to ensure the Jaffna Kings continue to participate in the tournament without disruption. We want to ******* ure everyone that all operational matters, including player contracts, staff commitments and team logistics, are being managed seamlessly. The sixth edition of the LPL will proceed as planned, and we remain fully committed to delivering another successful and world-class tournament," Anil Mohan said.
On the field, the Bhanuka Rajapaksa-led Jaffna Kings have made a positive start to their campaign, winning two of their first three matches. The sixth edition of the Lanka Premier League began on July 17 and is scheduled to conclude on August 8.
#lanka #jaffna #kings #league
According to SLC and IPG, the franchise owners failed to fulfil their financial obligations under the franchise agreement. The termination comes in the middle of the tournament following a series of controversies surrounding the ownership group, Sports Commune.
Co-owner Manjot Kalra was arrested over corruption-related allegations, while another owner, Mayank Goel, has become unreachable. The ownership group also allegedly failed to pay player and staff salaries and mismanaged sponsor funds, leading to the cancellation of the franchise agreement.
As a result, IPG and SLC have taken direct control of the team's operations. Despite the ownership shake-up, the Jaffna Kings will continue under the same name with their existing squad, coaching staff and support personnel.
IPG CEO Anil Mohan stressed that safeguarding the tournament's integrity remained the organisers' top priority.
"While this was a difficult decision, our priority has always been to protect the integrity of the Lanka Premier League and ensure complete stability for our players, coaches, partners and fans. Together with Sri Lanka Cricket, we have acted swiftly to ensure the Jaffna Kings continue to participate in the tournament without disruption. We want to ******* ure everyone that all operational matters, including player contracts, staff commitments and team logistics, are being managed seamlessly. The sixth edition of the LPL will proceed as planned, and we remain fully committed to delivering another successful and world-class tournament," Anil Mohan said.
On the field, the Bhanuka Rajapaksa-led Jaffna Kings have made a positive start to their campaign, winning two of their first three matches. The sixth edition of the Lanka Premier League began on July 17 and is scheduled to conclude on August 8.
#lanka #jaffna #kings #league
6 days ago
Arrakis, a seven-month old London- and Paris-based startup building what it calls an AI "operating system" for industrial companies, is emerging from stealth with $38 million in venture capital funding. It says its goal is to bring agentic AI to sectors such aerospace, energy, logistics, and manufacturing.
The company's latest funding is a $30 million Series A led by Blossom Capital, with participation from venture capital firms Accel, GFC, MainObject, and Rerail. Accel led an earlier $7.5 million seed round, and individual backers include Datadog CEO Olivier Pomel and OpenAI's head of business products, Olivier Godement.
The latest round values the company at $140 million post-money, cofounder and CEO Rafael Quintanilla told Fortune.
Quintanilla is a former vice president at Accel. While there, he spent the better part of a year crisscrossing the U.S., Europe, and the Middle East to develop the firm's thesis on defense and industrial resilience. What he found convinced him to quit and become a founder himself.
"I realized that there was a huge gap between what I was seeing at Accel and in the Valley, with us investing in companies like Anthropic and Lovable in Europe," he said, "and what I was seeing in the more industrial parts of the economy."
He said that most AI has targeted so-called knowledge workers who complete their jobs using software, but that many more jobs in the economy involve the production and movement of physical goods. "Most AI investment to date has targeted the 30% of workers behind a desk. The real ROI lies in the 70% running industrial operations," he said.
Sonali de Rycker, the Accel partner who backed Arrakis's seed round, said she is betting on the founder as much as the market. "Rafa has a rare combination of curiosity, hustle and tireless drive," she told Fortune. "After working closely with Rafa during his time at Accel, it's an honour to be working with him again as an entrepreneur."
But Arrakis is hardly alone in going after manufacturing and industrial firms. Consulting giants such as Accenture and Boston Consulting Group are racing into industrial AI, as is Palantir, and Jeff Bezos-backed Prometheus—now valued in the tens of billions of dollars—is pouring capital into automating the engineering of physical products. The frontier labs are circling too.
Quintanilla argues Arrakis is carving out a distinct niche from each of these competitors. If Prometheus worked with Airbus, he said, it would build AI for "the core engineering of building an aircraft." He said Arrakis, by contrast, "want[s] to take care of everything around it… We want to be the AI layer for key operations of those companies."
#arrakis
The company's latest funding is a $30 million Series A led by Blossom Capital, with participation from venture capital firms Accel, GFC, MainObject, and Rerail. Accel led an earlier $7.5 million seed round, and individual backers include Datadog CEO Olivier Pomel and OpenAI's head of business products, Olivier Godement.
The latest round values the company at $140 million post-money, cofounder and CEO Rafael Quintanilla told Fortune.
Quintanilla is a former vice president at Accel. While there, he spent the better part of a year crisscrossing the U.S., Europe, and the Middle East to develop the firm's thesis on defense and industrial resilience. What he found convinced him to quit and become a founder himself.
"I realized that there was a huge gap between what I was seeing at Accel and in the Valley, with us investing in companies like Anthropic and Lovable in Europe," he said, "and what I was seeing in the more industrial parts of the economy."
He said that most AI has targeted so-called knowledge workers who complete their jobs using software, but that many more jobs in the economy involve the production and movement of physical goods. "Most AI investment to date has targeted the 30% of workers behind a desk. The real ROI lies in the 70% running industrial operations," he said.
Sonali de Rycker, the Accel partner who backed Arrakis's seed round, said she is betting on the founder as much as the market. "Rafa has a rare combination of curiosity, hustle and tireless drive," she told Fortune. "After working closely with Rafa during his time at Accel, it's an honour to be working with him again as an entrepreneur."
But Arrakis is hardly alone in going after manufacturing and industrial firms. Consulting giants such as Accenture and Boston Consulting Group are racing into industrial AI, as is Palantir, and Jeff Bezos-backed Prometheus—now valued in the tens of billions of dollars—is pouring capital into automating the engineering of physical products. The frontier labs are circling too.
Quintanilla argues Arrakis is carving out a distinct niche from each of these competitors. If Prometheus worked with Airbus, he said, it would build AI for "the core engineering of building an aircraft." He said Arrakis, by contrast, "want[s] to take care of everything around it… We want to be the AI layer for key operations of those companies."
#arrakis
6 days ago
The complex lengthy letter from CEO and founder Aaron Graft to the shareholders of Triumph Financial this quarter touted the benefits from a stronger freight market, but not too much.
Graft's letter, which tries to both explain and defend the performance and strategy at a company that operates a bank but is ultimately like no other in the logistics field, acknowledged in one of his first paragraphs that "market conditions have become more favorable for Triumph's earnings."
But he quickly added that "over 30% of the revenue growth we have experienced in transportation year-to-date has come from organic growth."
More of the focus in the letter was on a concept Triumph first introduced last quarter: the North Star Metrics.
It is a set of long-term targets, and Triumph (NYSE: TFIN) did well in meeting them in the second quarter.
#quarter #market #Growth #financial
Graft's letter, which tries to both explain and defend the performance and strategy at a company that operates a bank but is ultimately like no other in the logistics field, acknowledged in one of his first paragraphs that "market conditions have become more favorable for Triumph's earnings."
But he quickly added that "over 30% of the revenue growth we have experienced in transportation year-to-date has come from organic growth."
More of the focus in the letter was on a concept Triumph first introduced last quarter: the North Star Metrics.
It is a set of long-term targets, and Triumph (NYSE: TFIN) did well in meeting them in the second quarter.
#quarter #market #Growth #financial
6 days ago
MercadoLibre (NASDAQ: MELI) has prospered by transforming e-commerce, fintech, and logistics within Latin America. Investors have bid its stock price dramatically higher since its 2007 debut, as the company brought online shopping, digital financial transactions, and improved logistics to the region.
Nonetheless, the market has punished MercadoLibre stock over the past year, and it now trades at a 30% discount to its 52-week high. Investors appeared to sour on the stock because its profit growth was not matching its robust revenue increases. While getting the earnings trajectory back on track will be a challenge, if it can increase its profit growth rate over the next five years, the stock price will likely soar.
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 »
Two issues have weighed on MercadoLibre's bottom line: rising e-commerce competition and an alarming increase in non-performing loans.
E-commerce giants like Amazon and Sea Limited, as well as numerous smaller enterprises, have attempted to chip away at the company's regional dominance. MercadoLibre responded by lowering its threshold for free shipping and making other moves that squeezed its margins.
#NVIDIA #flashing #Logistics #price
Nonetheless, the market has punished MercadoLibre stock over the past year, and it now trades at a 30% discount to its 52-week high. Investors appeared to sour on the stock because its profit growth was not matching its robust revenue increases. While getting the earnings trajectory back on track will be a challenge, if it can increase its profit growth rate over the next five years, the stock price will likely soar.
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 »
Two issues have weighed on MercadoLibre's bottom line: rising e-commerce competition and an alarming increase in non-performing loans.
E-commerce giants like Amazon and Sea Limited, as well as numerous smaller enterprises, have attempted to chip away at the company's regional dominance. MercadoLibre responded by lowering its threshold for free shipping and making other moves that squeezed its margins.
#NVIDIA #flashing #Logistics #price
6 days ago
TSMC's $265B US manufacturing pledge and Alphabet's 9.6 GW data center leases represent the hyperscaler firepower driving Europe's 20x AI investment deficit.
AI-driven labor restructuring remains isolated to high-exposure occupations, with broader impact on healthcare, logistics, and finance not projected until 2029.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Google didn't make the cut. Grab the names FREE today.
A recent Thoughts on the Market roundtable hosted by Seth Carpenter highlighted two major realities shaping the AI economy. Just seven U.S. hyperscalers plan to spend 20 times more on AI than all of Europe, while AI's broader impact on employment may not emerge until 2029 or later.
The episode discussed that Europe's total planned AI investment is "A factor of 20 below what we see in the US by just the 7 hyperscalers." That comparison shows that a small cluster of America's cloud and platform giants alone dwarfs what the entire European bloc is committing.
#broader #hyperscalers #grab
AI-driven labor restructuring remains isolated to high-exposure occupations, with broader impact on healthcare, logistics, and finance not projected until 2029.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Google didn't make the cut. Grab the names FREE today.
A recent Thoughts on the Market roundtable hosted by Seth Carpenter highlighted two major realities shaping the AI economy. Just seven U.S. hyperscalers plan to spend 20 times more on AI than all of Europe, while AI's broader impact on employment may not emerge until 2029 or later.
The episode discussed that Europe's total planned AI investment is "A factor of 20 below what we see in the US by just the 7 hyperscalers." That comparison shows that a small cluster of America's cloud and platform giants alone dwarfs what the entire European bloc is committing.
#broader #hyperscalers #grab
7 days ago
With a market cap of $60.6 billion, Targa Resources Corp. (TRGP) owns and operates a diversified portfolio of natural gas, natural gas liquids (NGL), and crude oil **** ets across North America. Through its Gathering and Processing and Logistics and Transportation segments, the company provides integrated services spanning production, storage, transportation, marketing, and resale of energy commodities.
The Houston, Texas-based company is set to deliver its fiscal Q2 2026 results soon. Ahead of this event, **** ysts forecast TRGP to report an EPS of $2.64, a decline of 8% from $2.87 in the previous year's quarter. It has exceeded Wall Street's bottom-line estimates in two of the past four quarters while missing on two other occasions.
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#Stock
The Houston, Texas-based company is set to deliver its fiscal Q2 2026 results soon. Ahead of this event, **** ysts forecast TRGP to report an EPS of $2.64, a decline of 8% from $2.87 in the previous year's quarter. It has exceeded Wall Street's bottom-line estimates in two of the past four quarters while missing on two other occasions.
Huge, Unusual Intel Options Volume Today Ahead of Earnings This Week
Intel Stock Is Down, But Put Premiums are High - Put Short Sellers Love the High Yields
The Number Tesla Stock Bulls Are Really Waiting for This Earnings Season Has Nothing to Do With Cars
#Stock
7 days ago
In the U.S., although soccer is a sport every kid plays at least once, few adults follow the professional leagues. That mismatch is exactly what sparks a lively thread in r/AskAnAmerican, where a redditor asked, "Why is soccer so popular to play as kids but there’s hardly any fandom for professional soccer?"
Below, redditors break down everything from youth sports practicality to TV timeouts, and whether pro soccer (the recent World Cup not included) is truly unpopular or just easy to overlook.
Soccer is is easy for kids to start playing. In the comments, redditors point to its simple logistics: minimal gear, fewer barriers for beginners, and a schedule that fits busy families.
Being widely played does not automatically make something a top-tier spectator sport, especially in a country with entrenched leagues, traditions, and media ecosystems. Commenters argue that pro soccer competes for attention with sports that already dominate screens, stadiums, and youth dreams.
A big chunk of the debate comes down to a familiar split: participation versus spectatorship. Several redditors describe soccer as a great way to move, compete, and have a shared activity, but say that watching a professional game requires a different kind of attention and patience than they want to give.
#Soccer #sport #down #easy
Below, redditors break down everything from youth sports practicality to TV timeouts, and whether pro soccer (the recent World Cup not included) is truly unpopular or just easy to overlook.
Soccer is is easy for kids to start playing. In the comments, redditors point to its simple logistics: minimal gear, fewer barriers for beginners, and a schedule that fits busy families.
Being widely played does not automatically make something a top-tier spectator sport, especially in a country with entrenched leagues, traditions, and media ecosystems. Commenters argue that pro soccer competes for attention with sports that already dominate screens, stadiums, and youth dreams.
A big chunk of the debate comes down to a familiar split: participation versus spectatorship. Several redditors describe soccer as a great way to move, compete, and have a shared activity, but say that watching a professional game requires a different kind of attention and patience than they want to give.
#Soccer #sport #down #easy
7 days ago
Forward Air said Tuesday that it will continue working with one of its largest customers, which had provided notice in May that it might pull all of its business. A non-binding arrangement with the customer will allow Forward to keep half, and potentially up to 75%, of the $250 million account. A memorandum of understanding keeps the current contract in place for at least the next two years.
The service transition of the unretained portion of the business is expected to occur in December and throughout next year.
Forward (NASDAQ: FWRD) previously said the customer was seeking to diversify its list of vendors, emphasizing that the customer's potential departure had nothing to do with the "exceptional service" being provided. However, Forward's shares plummeted over 40% following the warning that it might lose a customer responsible for 10% of its annual revenue.
It said the potential loss of business also foiled its plan to sell the company. (Forward commenced a strategic review at the beginning of 2025 as pressure from investors mounted following its contested merger with Omni Logistics.)
Instead, Forward is now looking to sell its intermodal unit and two smaller legacy Omni businesses, which generated $394 million in combined revenue last year. Proceeds from the sales will be used to delever the balance sheet. Net debt of $1.65 billion stood at 5.4 times last 12 months' adjusted EBITDA at the end of the first quarter.
#customer #omni #provided #service
The service transition of the unretained portion of the business is expected to occur in December and throughout next year.
Forward (NASDAQ: FWRD) previously said the customer was seeking to diversify its list of vendors, emphasizing that the customer's potential departure had nothing to do with the "exceptional service" being provided. However, Forward's shares plummeted over 40% following the warning that it might lose a customer responsible for 10% of its annual revenue.
It said the potential loss of business also foiled its plan to sell the company. (Forward commenced a strategic review at the beginning of 2025 as pressure from investors mounted following its contested merger with Omni Logistics.)
Instead, Forward is now looking to sell its intermodal unit and two smaller legacy Omni businesses, which generated $394 million in combined revenue last year. Proceeds from the sales will be used to delever the balance sheet. Net debt of $1.65 billion stood at 5.4 times last 12 months' adjusted EBITDA at the end of the first quarter.
#customer #omni #provided #service
7 days ago
MOSCOW, July 21 (Reuters) - Online retailer Wildberries, Russia's answer to Amazon, and the merchants who trade through it are grappling with losses in the wake of Ukrainian attacks on warehouses operated by the retailer, the Kremlin said on Tuesday.
Drones targeted two large logistics hubs in the cities of Kotovsk and Elektrostal on Saturday. The strikes killed eight workers, sparked fires and disrupted operations at Wildberries, Russia's largest online retailer, which can handle over 20 million orders per day.
While the extent of the damage remains unclear, the attacks on a company so central to the consumer economy appear to mark a widening of Kyiv's strategy of using long-range drones to disrupt Russia's war effort and pressure the Kremlin to make peace.
Asked about the attacks, Kremlin spokesman Dmitry Peskov told journalists: "The situation is indeed difficult because of the losses suffered both by the company itself and by representatives of small and medium-sized businesses."
He denied accusations from Ukraine that Wildberries handles military supplies.
#drones #company
Drones targeted two large logistics hubs in the cities of Kotovsk and Elektrostal on Saturday. The strikes killed eight workers, sparked fires and disrupted operations at Wildberries, Russia's largest online retailer, which can handle over 20 million orders per day.
While the extent of the damage remains unclear, the attacks on a company so central to the consumer economy appear to mark a widening of Kyiv's strategy of using long-range drones to disrupt Russia's war effort and pressure the Kremlin to make peace.
Asked about the attacks, Kremlin spokesman Dmitry Peskov told journalists: "The situation is indeed difficult because of the losses suffered both by the company itself and by representatives of small and medium-sized businesses."
He denied accusations from Ukraine that Wildberries handles military supplies.
#drones #company
8 days ago
FedEx is introducing, but not widely advertising, a series of new charges and fees over the next two weeks that could catch customers by surprise, building on a recent pricing strategy aimed at boosting revenue without touching base rates that shippers tend to focus on.
Over an 18-month span, FedEx (NASDAQ: FDX) has implemented or announced more than 50 pricing changes, according to parcel spend management firm LJM. On top of three general rate increases have been fuel surcharge adjustments, five changes to One Rate (a flat-rate, upfront shipping program designed to provide simplicity and predictability), delivery area surcharge updates, customs-related fees, dimensional pricing changes, peak surcharges and demand surcharges.
The surcharges are typically less visible to freight owners than base rates and can have a large impact on transportation budgets.
Shippers have experienced a significant increase in fuel surcharges from FedEx, UPS and even the U.S. Postal Service as the Iran war limited crude oil supplies, pushing up the cost of diesel and jet fuel used to power their fleets, as the TD Cowen/AFS Logistics Freight Index quantified last week. Fuel surcharges in the second quarter were two-thirds higher than the prior year. Overall, the express parcel rate per package increased 5.9% in the second quarter, while the ground parcel rate per package grew 5.2%.
"The biggest takeaway is not just that FedEx is raising rates on a continual basis, but how those increases have been distributed. Many shippers now see accessorial charges in the high-30% to low-40% range as a share of spend, with some exceeding 50%, LJM said in an article on its website. The constant micro-adjustments mean businesses should review their contracts more than once a year, it added.
#shippers
Over an 18-month span, FedEx (NASDAQ: FDX) has implemented or announced more than 50 pricing changes, according to parcel spend management firm LJM. On top of three general rate increases have been fuel surcharge adjustments, five changes to One Rate (a flat-rate, upfront shipping program designed to provide simplicity and predictability), delivery area surcharge updates, customs-related fees, dimensional pricing changes, peak surcharges and demand surcharges.
The surcharges are typically less visible to freight owners than base rates and can have a large impact on transportation budgets.
Shippers have experienced a significant increase in fuel surcharges from FedEx, UPS and even the U.S. Postal Service as the Iran war limited crude oil supplies, pushing up the cost of diesel and jet fuel used to power their fleets, as the TD Cowen/AFS Logistics Freight Index quantified last week. Fuel surcharges in the second quarter were two-thirds higher than the prior year. Overall, the express parcel rate per package increased 5.9% in the second quarter, while the ground parcel rate per package grew 5.2%.
"The biggest takeaway is not just that FedEx is raising rates on a continual basis, but how those increases have been distributed. Many shippers now see accessorial charges in the high-30% to low-40% range as a share of spend, with some exceeding 50%, LJM said in an article on its website. The constant micro-adjustments mean businesses should review their contracts more than once a year, it added.
#shippers
8 days ago
L1 Capital, an investment management firm, released its "L1 Capital International Fund" (unhedged) second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The letter discusses the current investment environment as a 'two-speed' but resilient global economy, accompanied by an uncertain future. The letter explores the potential of an AI bubble, distinguishing between strong fundamentals and speculative momentum. Additionally, the market displays a 'narrow' character, marked by high exuberance and ****** ounced over-pessimism. Against this backdrop, the Fund returned +2.6% (net of fees) during the June 2026 quarter, compared to the benchmark return of +12.5% (all in A$). The underperformance was driven more by which investments were not held in the Fund. The Fund remains focused on quality, valuation and the avoidance of permanent capital loss, and believes the portfolio is positioned to deliver attractive risk-adjusted returns for patient investors. In addition, you can check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, L1 Capital International Fund highlighted Amazon.com, Inc. (NASDAQ:AMZN). Amazon.com, Inc. (NASDAQ:AMZN) is a multinational technology and retail company known for its leading online marketplace and cloud platform. On July 16, 2026, Amazon.com, Inc. (NASDAQ:AMZN) closed at $247.23 per share. One-month return of Amazon.com, Inc. (NASDAQ:AMZN) was 6.20%, and its shares gained 10.51% over the past 52 weeks. Amazon.com, Inc. (NASDAQ:AMZN) has a market capitalization of $2.69 trillion.
L1 Capital International Fund stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q2 2026 investor update:
"At an individual stock level, while the Fund had more positive contributors than negative detractors to returns, quarterly performance was again mixed. Amazon.com contributed around 1.0%. We remain excited by the outlook for Amazon.com, Inc. (NASDAQ:AMZN), both for the ecommerce business and Amazon Web Services (AWS). Operational execution within ecommerce is consistently improving, and the June 2026 announcement to extend Amazon Freight services to the less-than-truckload market segment is an indication that management has sufficient comfort in the operational performance of the logistics network to further extend the platform to third parties.
We expect further increases in AWS's capital expenditure which will result in Amazon.com generating negative free cash flow. We believe the market remains overly focused on near-term free cash flow and continues to underappreciate the longer-term structural opportunity for the hyperscalers and the potential returns on their AI-related capital investment. Amazon CEO Andy Jassy's Letter to Shareholders in April 2026 is recommended reading, particularly his perspectives on AI and how Amazon is being positioned for what he considers to be a 'seminal shift'. Jassy shed some light on AWS's internal chip capabilities (part
In its Q2 2026 investor letter, L1 Capital International Fund highlighted Amazon.com, Inc. (NASDAQ:AMZN). Amazon.com, Inc. (NASDAQ:AMZN) is a multinational technology and retail company known for its leading online marketplace and cloud platform. On July 16, 2026, Amazon.com, Inc. (NASDAQ:AMZN) closed at $247.23 per share. One-month return of Amazon.com, Inc. (NASDAQ:AMZN) was 6.20%, and its shares gained 10.51% over the past 52 weeks. Amazon.com, Inc. (NASDAQ:AMZN) has a market capitalization of $2.69 trillion.
L1 Capital International Fund stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q2 2026 investor update:
"At an individual stock level, while the Fund had more positive contributors than negative detractors to returns, quarterly performance was again mixed. Amazon.com contributed around 1.0%. We remain excited by the outlook for Amazon.com, Inc. (NASDAQ:AMZN), both for the ecommerce business and Amazon Web Services (AWS). Operational execution within ecommerce is consistently improving, and the June 2026 announcement to extend Amazon Freight services to the less-than-truckload market segment is an indication that management has sufficient comfort in the operational performance of the logistics network to further extend the platform to third parties.
We expect further increases in AWS's capital expenditure which will result in Amazon.com generating negative free cash flow. We believe the market remains overly focused on near-term free cash flow and continues to underappreciate the longer-term structural opportunity for the hyperscalers and the potential returns on their AI-related capital investment. Amazon CEO Andy Jassy's Letter to Shareholders in April 2026 is recommended reading, particularly his perspectives on AI and how Amazon is being positioned for what he considers to be a 'seminal shift'. Jassy shed some light on AWS's internal chip capabilities (part
8 days ago
Bellevue, Washington-based Expeditors International of Washington, Inc. (EXPD) provides logistics services in the Americas and internationally. The company has a market cap of $23.9 billion and offers air freight services, such as air freight consolidation and forwarding, and ocean freight services, including ocean freight consolidation, direct ocean forwarding, order management, and more.
EXPD is expected to release its Q2 2026 earnings on Tuesday, Aug. 4, before the market opens. Ahead of the event, **** ysts expect the company's EPS to be $1.64 on a diluted basis, up 22.4% from $1.34 in the year-ago quarter. The company has exceeded Wall Street's EPS estimates in each of its last four quarters.
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#company #forwarding
EXPD is expected to release its Q2 2026 earnings on Tuesday, Aug. 4, before the market opens. Ahead of the event, **** ysts expect the company's EPS to be $1.64 on a diluted basis, up 22.4% from $1.34 in the year-ago quarter. The company has exceeded Wall Street's EPS estimates in each of its last four quarters.
Alibaba Stock Just Got Apple's Biggest AI Endorsement. This Could Be a Game Changer for BABA.
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AI Bubble Fears, Earnings and Other Can't Miss Items this Week
#company #forwarding
8 days ago
Atlanta, Georgia-based United Parcel Service, Inc. (UPS) is a package delivery and logistics provider that offers transportation and delivery services. The company has a market cap of $100.1 billion and operates through two segments, U.S. Domestic Package and International Package. UPS is expected to release its Q2 2026 earnings on Tuesday, July 28, before the market opens.
Ahead of the event, ******* ysts expect the company's EPS to be $1.65 on a diluted basis, up 6.5% from $1.55 in the year-ago quarter. The company has exceeded Wall Street's EPS estimates in three of its last four quarters, while missing on one occasion.
Alibaba Stock Just Got Apple's Biggest AI Endorsement. This Could Be a Game Changer for BABA.
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AI Bubble Fears, Earnings and Other Can't Miss Items this Week
#atlanta #service
Ahead of the event, ******* ysts expect the company's EPS to be $1.65 on a diluted basis, up 6.5% from $1.55 in the year-ago quarter. The company has exceeded Wall Street's EPS estimates in three of its last four quarters, while missing on one occasion.
Alibaba Stock Just Got Apple's Biggest AI Endorsement. This Could Be a Game Changer for BABA.
Elon Musk Says If ******* eX Accomplishes Its Goals, 'It Will Be Worth More Than The Rest of Earth' — Though He's Also Said 'Money Will Stop Being Relevant'
AI Bubble Fears, Earnings and Other Can't Miss Items this Week
#atlanta #service
9 days ago
Ukraine launched one of its largest drone attacks of the war against Moscow and the surrounding region overnight, striking an oil depot and logistics facilities more than 250 miles from the Ukrainian border, according to Ukrainian and Russian officials.
Moscow Mayor Sergei Sobyanin said more than 400 Ukrainian drones were launched toward the Moscow region between Sunday evening and early Monday, including 85 that were destroyed while approaching the Russian capital. Russia's Defense Ministry separately claimed that its forces intercepted 381 drones across Russian regions, the Black Sea and the Sea of Azov.
The Russian claims could not be independently verified by Fox News Digital.
At least 10 people were wounded in the Moscow region, including three Chinese nationals, according to regional authorities cited by Reuters. Seven of the injuries were reported in Domodedovo, Russia, where officials said a residential building was struck and a fire broke out at an industrial park near one of Moscow's main airports.
The scale and reach of the operation suggest Ukraine is moving beyond occasional symbolic attacks on Moscow and building a sustained campaign against the infrastructure that supports Russia's war.
Moscow Mayor Sergei Sobyanin said more than 400 Ukrainian drones were launched toward the Moscow region between Sunday evening and early Monday, including 85 that were destroyed while approaching the Russian capital. Russia's Defense Ministry separately claimed that its forces intercepted 381 drones across Russian regions, the Black Sea and the Sea of Azov.
The Russian claims could not be independently verified by Fox News Digital.
At least 10 people were wounded in the Moscow region, including three Chinese nationals, according to regional authorities cited by Reuters. Seven of the injuries were reported in Domodedovo, Russia, where officials said a residential building was struck and a fire broke out at an industrial park near one of Moscow's main airports.
The scale and reach of the operation suggest Ukraine is moving beyond occasional symbolic attacks on Moscow and building a sustained campaign against the infrastructure that supports Russia's war.
9 days ago
Brad Paisley is sharing his amusement at the mystery surrounding Taylor Swift and Travis Kelce's tightly guarded wedding plans.
"I took this personally when I got the invite, because in the invite, it said, 'If you're getting this, you mean a lot to us,'" the country singer told the ***** ociated Press in an interview released July 17. He attended the July 3 wedding at New York City's Madison Square Garden with his wife, Kimberly Williams-Paisley – alongside hundreds of high-profile guests.
The elaborate security and logistics behind the celebration left invited guests guessing.
"And it was really fun to watch the cat-and-mouse game of like, 'We can tell you roughly where it's gonna be. We're not gonna say what building. … And here's the date, and if you're in, we'll tell you more,'" Paisley explained. "I went to my wife, I said, 'Want to go?' She's like, 'Absolutely. We've gotta be there.' So we did it. It was RSVP yes."
Swift's strategy appears to have worked. More than two weeks later, there have been no photo leaks, and most guests have remained tight-lipped after signing non-disclosure agreements. American Century Investments CEO Jonathan Thomas said on the July 17 episode of "The Compound and Friends" podcast that he "won't get into the details of the NDA, but it had teeth."
"I took this personally when I got the invite, because in the invite, it said, 'If you're getting this, you mean a lot to us,'" the country singer told the ***** ociated Press in an interview released July 17. He attended the July 3 wedding at New York City's Madison Square Garden with his wife, Kimberly Williams-Paisley – alongside hundreds of high-profile guests.
The elaborate security and logistics behind the celebration left invited guests guessing.
"And it was really fun to watch the cat-and-mouse game of like, 'We can tell you roughly where it's gonna be. We're not gonna say what building. … And here's the date, and if you're in, we'll tell you more,'" Paisley explained. "I went to my wife, I said, 'Want to go?' She's like, 'Absolutely. We've gotta be there.' So we did it. It was RSVP yes."
Swift's strategy appears to have worked. More than two weeks later, there have been no photo leaks, and most guests have remained tight-lipped after signing non-disclosure agreements. American Century Investments CEO Jonathan Thomas said on the July 17 episode of "The Compound and Friends" podcast that he "won't get into the details of the NDA, but it had teeth."
9 days ago
Prologis said Monday that its enhanced bid to acquire London-based logistics warehouse operator Segro had been rejected. Prologis' third offer, valued at £13.5 billion ($18.2 billion), represented a 6% increase above its initial proposal and included a 20% cash component.
The latest offer, a 41% premium to Segro's (LSE.SGRO) three-month weighted average share price, would give Segro shareholders .089 new Prologis shares for each share held, with the option to receive up to 20% in cash.
San Francisco-based Prologis (NYSE: PLD) ******* erts that a business combination would give Segro access to a larger logistics real estate network and a lower cost of capital. It previously said Segro trades at a discount because it is required to make dilutive equity issuances to fund its projects. The prior two iterations were all-stock offers.
"Prologis' proposal provides upfront value, greater flexibility and long-term upside opportunity," the Monday news release stated. "SEGRO's standalone plan relies on flawless execution of a significant, long-dated development pipeline, substantial third-party funding and an unjustified valuation."
Prologis has until 5:00 pm London time on Wednesday to finalize firm intentions, per British takeover rules.
The latest offer, a 41% premium to Segro's (LSE.SGRO) three-month weighted average share price, would give Segro shareholders .089 new Prologis shares for each share held, with the option to receive up to 20% in cash.
San Francisco-based Prologis (NYSE: PLD) ******* erts that a business combination would give Segro access to a larger logistics real estate network and a lower cost of capital. It previously said Segro trades at a discount because it is required to make dilutive equity issuances to fund its projects. The prior two iterations were all-stock offers.
"Prologis' proposal provides upfront value, greater flexibility and long-term upside opportunity," the Monday news release stated. "SEGRO's standalone plan relies on flawless execution of a significant, long-dated development pipeline, substantial third-party funding and an unjustified valuation."
Prologis has until 5:00 pm London time on Wednesday to finalize firm intentions, per British takeover rules.
9 days ago
Amazon is expanding its logistics business, accelerating delivery speeds, and generating stronger profits.
But growth does not mean every Amazon warehouse or job remains safe.
A newly filed Worker Adjustment and Retraining Notification (WARN) notice shows that Amazon plans to shut down another Florida facility, affecting nearly 500 employees.
The closure follows a separate Amazon facility shutdown in the state that affected more than 600 workers.
Together, the two notices show how Amazon is adjusting its enormous fulfillment network even as the company handles more orders, delivers products faster, and opens its logistics infrastructure to outside businesses.
But growth does not mean every Amazon warehouse or job remains safe.
A newly filed Worker Adjustment and Retraining Notification (WARN) notice shows that Amazon plans to shut down another Florida facility, affecting nearly 500 employees.
The closure follows a separate Amazon facility shutdown in the state that affected more than 600 workers.
Together, the two notices show how Amazon is adjusting its enormous fulfillment network even as the company handles more orders, delivers products faster, and opens its logistics infrastructure to outside businesses.
10 days ago
American Eagle Outfitters (NYSE:AEO) operates as a fashion and lifestyle retail enterprise offering clothing, accessories, and personal care items primarily under its American Eagle and Aerie labels.
While it recently initiated a phased shutdown of its third-party logistics business, it reported an approximately 2% net income margin for the quarter ended May 2, 2026.
Abercrombie & Fitch (NYSE:ANF) operates as an omnichannel retailer selling apparel and accessories for men, women, and kids across several brands, including Hollister.
It opened a new flagship store in New York in June 2026, and it recorded an approximately 6% net income margin for the quarter ended May 2, 2026.
Revenue here refers to the data provider's standardized income-statement revenue line item, and tracking this top-line figure helps investors evaluate the overall size and sales trajectory of a business.
While it recently initiated a phased shutdown of its third-party logistics business, it reported an approximately 2% net income margin for the quarter ended May 2, 2026.
Abercrombie & Fitch (NYSE:ANF) operates as an omnichannel retailer selling apparel and accessories for men, women, and kids across several brands, including Hollister.
It opened a new flagship store in New York in June 2026, and it recorded an approximately 6% net income margin for the quarter ended May 2, 2026.
Revenue here refers to the data provider's standardized income-statement revenue line item, and tracking this top-line figure helps investors evaluate the overall size and sales trajectory of a business.
11 days ago
At least 200 Ukrainian drones were launched toward Moscow overnight into Thursday morning, the city's Mayor Sergey Sobyanin said, as Kyiv continued its nightly long-range strike campaign deep into Russia.
From Wednesday evening until 9 a.m. local time on Thursday, "More than 200 drones were flying towards the Moscow region. Most of them were neutralized by air defense systems at a distance," Sobyanin wrote in a post to Telegram. Ten drones "were destroyed as they approached Moscow," the mayor said.
Russia's Defense Ministry said its forces downed at least 375 Ukrainian drones overnight. The ministry said in a post to Telegram that drones were intercepted over 18 Russian regions -- including Moscow -- as well as Crimea, the Black Sea and the Sea of Azov.
Ukraine has been significantly expanding its drone campaign -- referred to in Kyiv as "long-range sanctions" -- in recent months, targeting major Russian cities, Russian oil infrastructure, military and logistics targets.
'Trump does like a winner': Ukraine victories could mean more US backing, Zelenskyy adviser says
From Wednesday evening until 9 a.m. local time on Thursday, "More than 200 drones were flying towards the Moscow region. Most of them were neutralized by air defense systems at a distance," Sobyanin wrote in a post to Telegram. Ten drones "were destroyed as they approached Moscow," the mayor said.
Russia's Defense Ministry said its forces downed at least 375 Ukrainian drones overnight. The ministry said in a post to Telegram that drones were intercepted over 18 Russian regions -- including Moscow -- as well as Crimea, the Black Sea and the Sea of Azov.
Ukraine has been significantly expanding its drone campaign -- referred to in Kyiv as "long-range sanctions" -- in recent months, targeting major Russian cities, Russian oil infrastructure, military and logistics targets.
'Trump does like a winner': Ukraine victories could mean more US backing, Zelenskyy adviser says
12 days ago
ArcBest announced a restructuring Thursday that will reduce its workforce by approximately 2%. It will also consolidate some less-than-truckload terminals, shedding roughly 1% of the doors from its network.
The Fort Smith, Arkansas-based transportation and logistics provider has over 14,000 employees.
"The reductions include employee separations, the elimination of certain open positions, and the non-replacement of certain positions vacated through retirements and other attrition," a filing with the Securities and Exchange Commission said.
Its LTL business, ABF Freight, operates approximately 240 terminals with 9,600 doors. The filing said it would close 10 locations in small markets. The affected operations will be rolled into other nearby service centers. This change of operations has to be approved by the Teamsters per the National Master Freight Agreement.
ArcBest (NASDAQ: ARCB) also said it is placing the MoLo Solutions, Panther Premium Logistics and ArcBest Technologies brands under the ArcBest banner. The company will retire the MoLo (truckload brokerage) and Panther (ground expedite services) brands.
The Fort Smith, Arkansas-based transportation and logistics provider has over 14,000 employees.
"The reductions include employee separations, the elimination of certain open positions, and the non-replacement of certain positions vacated through retirements and other attrition," a filing with the Securities and Exchange Commission said.
Its LTL business, ABF Freight, operates approximately 240 terminals with 9,600 doors. The filing said it would close 10 locations in small markets. The affected operations will be rolled into other nearby service centers. This change of operations has to be approved by the Teamsters per the National Master Freight Agreement.
ArcBest (NASDAQ: ARCB) also said it is placing the MoLo Solutions, Panther Premium Logistics and ArcBest Technologies brands under the ArcBest banner. The company will retire the MoLo (truckload brokerage) and Panther (ground expedite services) brands.
12 days ago
DUBAI, United Arab Emirates (AP) — The United States and Iran exchanged strikes aimed at infrastructure and military targets on Saturday as their battle over the Strait of Hormuz intensified.
The region has endured days of back-and-forth attacks in a conflict increasingly focused on control of the strait. The collapse of an interim ceasefire leaves no clear end in sight for the war that the U.S. and Israel began more than four months ago.
The U.S. Central Command said late Friday it had launched its seventh straight night of attacks aimed at degrading Iran's military. Early Saturday it said the strikes had hit "surveillance sites, military logistics infrastructure, underground weapons storage, and maritime capabilities."
Kuwait said Saturday it was intercepting Iranian missiles and drones, and air sirens sounded in Bahrain according to the government there.
Iranian officials say recent U.S. strikes have killed dozens of people and wounded hundreds, with new casualties reported Friday, when the U.S. military also acknowledged more injured service members.
The region has endured days of back-and-forth attacks in a conflict increasingly focused on control of the strait. The collapse of an interim ceasefire leaves no clear end in sight for the war that the U.S. and Israel began more than four months ago.
The U.S. Central Command said late Friday it had launched its seventh straight night of attacks aimed at degrading Iran's military. Early Saturday it said the strikes had hit "surveillance sites, military logistics infrastructure, underground weapons storage, and maritime capabilities."
Kuwait said Saturday it was intercepting Iranian missiles and drones, and air sirens sounded in Bahrain according to the government there.
Iranian officials say recent U.S. strikes have killed dozens of people and wounded hundreds, with new casualties reported Friday, when the U.S. military also acknowledged more injured service members.
