1 hr. ago
DUBAI, July 28 (Reuters) - Iran has proposed to Oman a temporary arrangement to reopen the Strait of Hormuz under which one direction of traffic would pass through Iranian waters and part of the opposite route would also be in Iranian waters, Deputy Foreign Minister Kazem Gharibabadi told state television on Tuesday.
Gharibabadi said Tehran rejected an Omani proposal for an equal division of transit routes between the two countries, saying such a plan did not address Tehran's security concerns until long-term regional stability is achieved.
He said the Strait of Hormuz would remain closed if Muscat rejected Iran's proposal, adding that Tehran had never recognised the southern route along Oman's coast.
Gharibabadi also said Tehran had made it clear to Muscat that it no longer recognised the Traffic Separation Scheme (TSS), arguing that this pathway roughly in the middle of the waterway lies mostly within Omani waters and runs contrary to Iran's need to monitor transiting vessels after being attacked by the U.S. and Israel in late February.
The TSS, adopted by the International Maritime Organization, is currently unusable due to the risk of mines and has been replaced with Iran's northern route and Oman's southern route.
#route #tehran #muscat #TRAFFIC
Gharibabadi said Tehran rejected an Omani proposal for an equal division of transit routes between the two countries, saying such a plan did not address Tehran's security concerns until long-term regional stability is achieved.
He said the Strait of Hormuz would remain closed if Muscat rejected Iran's proposal, adding that Tehran had never recognised the southern route along Oman's coast.
Gharibabadi also said Tehran had made it clear to Muscat that it no longer recognised the Traffic Separation Scheme (TSS), arguing that this pathway roughly in the middle of the waterway lies mostly within Omani waters and runs contrary to Iran's need to monitor transiting vessels after being attacked by the U.S. and Israel in late February.
The TSS, adopted by the International Maritime Organization, is currently unusable due to the risk of mines and has been replaced with Iran's northern route and Oman's southern route.
#route #tehran #muscat #TRAFFIC
11 hours ago
Global equities ended last week little changed in local currency and up 0.6% in sterling terms. This continued the choppy pattern of recent weeks with markets currently down 1.5-2% from their peak in early June. The US underperformed with a gain of 0.3% in sterling terms while the UK and emerging markets were both up around 1.3%.
Meanwhile, government bonds in the US and UK both lost 0.5% with yields re-testing their highs in early May. 10-year UK gilt yields tested 5.1% while US yields reached 4.7%, before retreating a bit.
The war with Iran was centre stage with renewed attacks by both sides and Trump once again upping his threats. The new ingredient this time was that concerns were not limited to the Strait of Hormuz but extended to the Bab El Mandeb Strait with the Houthis exchanging blows with Saudi Arabia and threatening to close the waterway.
The importance of this new chokepoint is two-fold. First, it threatens Saudi's ability to divert via its pipeline a good part of its oil production to the Red Sea rather than the Strait of Hormuz. Second, it poses a threat to container traffic more generally which use the Suez Canal to avoid a long and costly diversion around the African coast.
Oil duly moved back up to $100 per barrel mid-week from a low of close to $70pb all of three weeks ago. But it is back down to $88pb this morning as negotiations between the US and Iran started up once again over the weekend, easing fears of a major escalation. However, this morning, Iran said it is not seeking new peace talks, so the confusion continues.
Even so, the fact remains that Trump appears to have chickened out yet again – be it because the hike in oil prices has pushed US gasoline prices back above $4 per gallon, the rise in US Treasury yields has caused concerns or because, as has been reported, the US lacks the necessary munitions.
#strait #back #sterling
Meanwhile, government bonds in the US and UK both lost 0.5% with yields re-testing their highs in early May. 10-year UK gilt yields tested 5.1% while US yields reached 4.7%, before retreating a bit.
The war with Iran was centre stage with renewed attacks by both sides and Trump once again upping his threats. The new ingredient this time was that concerns were not limited to the Strait of Hormuz but extended to the Bab El Mandeb Strait with the Houthis exchanging blows with Saudi Arabia and threatening to close the waterway.
The importance of this new chokepoint is two-fold. First, it threatens Saudi's ability to divert via its pipeline a good part of its oil production to the Red Sea rather than the Strait of Hormuz. Second, it poses a threat to container traffic more generally which use the Suez Canal to avoid a long and costly diversion around the African coast.
Oil duly moved back up to $100 per barrel mid-week from a low of close to $70pb all of three weeks ago. But it is back down to $88pb this morning as negotiations between the US and Iran started up once again over the weekend, easing fears of a major escalation. However, this morning, Iran said it is not seeking new peace talks, so the confusion continues.
Even so, the fact remains that Trump appears to have chickened out yet again – be it because the hike in oil prices has pushed US gasoline prices back above $4 per gallon, the rise in US Treasury yields has caused concerns or because, as has been reported, the US lacks the necessary munitions.
#strait #back #sterling
18 hours ago
Less than a month ago, **** ysts were warning of a looming glut of crude oil as tanker traffic via the Strait of Hormuz began to recover amid a U.S.-Iran ceasefire. Within days of these warnings, the ceasefire was a painful memory, missiles were flying again, and now Yemen's Houthis are striking tankers in the Red Sea, which makes two blocked oil chokepoints and a very real danger of a global recession.
Brent crude this week topped $100 per barrel on reports that the Houthis had struck two Saudi tankers in the Bab el-Mandeb Strait, which Saudi Arabia is currently using as the primary outlet for its crude amid the Iranian blockade of the Strait of Hormuz. Soon enough it emerged that tankers that were heading to the Red Sea waterway were making U-turns and heading to alternative routes—which take longer and cost more.
Meanwhile, Ukrainian drone strikes on the Caspian Pipeline System's terminus on the Black Sea have forced Kazakhstan to suspend most of its oil exports. The target of the drone attacks was the Novorossiysk port on Russia's Black Sea coast, which also happens to be the point of departure of the bulk of Kazakh oil exports to world markets. Bloomberg reported this week that tanker operators were getting nervous about sending their vessels to the port of Novorossiysk because Ukrainian drones were also striking ships at the port.
The Strait of Hormuz used to see average daily oil volumes of some 20 million barrels daily. This has now slowed to a trickle. The Red Sea chokepoint of Bab el-Mandeb has been handling between 4 and 5 million barrels daily of Saudi oil in recent weeks, according to different estimates. Now, this too appears to be almost completely blocked. Add to this the loss of 1.7 million barrels daily in Kazakh flows to Novorossiysk, and the global oil supply picture takes on a rather grim tint. Additionally, the Ukrainian forces continue to target Russian refineries, which has already led to a temporary ban on diesel exports at a time when global fuel inventories are getting strained by the first-wave effects of the Middle East war.
In fact, the situation with refined petroleum products is a major crisis in its own right. "Unlike crude oil, refined products face far fewer mitigation options. Several Middle Eastern refineries remain affected by the ongoing conflict while Russia's diesel export restrictions continue to constrain global availability," Ole Hansen, Saxo Bank's head of commodity strategy, said in an **** ysis earlier this month. "Refining capacity globally also remains relatively limited, preventing crude supply increases from quickly translating into additional diesel and gasoline production," he added.
#daily #exports
Brent crude this week topped $100 per barrel on reports that the Houthis had struck two Saudi tankers in the Bab el-Mandeb Strait, which Saudi Arabia is currently using as the primary outlet for its crude amid the Iranian blockade of the Strait of Hormuz. Soon enough it emerged that tankers that were heading to the Red Sea waterway were making U-turns and heading to alternative routes—which take longer and cost more.
Meanwhile, Ukrainian drone strikes on the Caspian Pipeline System's terminus on the Black Sea have forced Kazakhstan to suspend most of its oil exports. The target of the drone attacks was the Novorossiysk port on Russia's Black Sea coast, which also happens to be the point of departure of the bulk of Kazakh oil exports to world markets. Bloomberg reported this week that tanker operators were getting nervous about sending their vessels to the port of Novorossiysk because Ukrainian drones were also striking ships at the port.
The Strait of Hormuz used to see average daily oil volumes of some 20 million barrels daily. This has now slowed to a trickle. The Red Sea chokepoint of Bab el-Mandeb has been handling between 4 and 5 million barrels daily of Saudi oil in recent weeks, according to different estimates. Now, this too appears to be almost completely blocked. Add to this the loss of 1.7 million barrels daily in Kazakh flows to Novorossiysk, and the global oil supply picture takes on a rather grim tint. Additionally, the Ukrainian forces continue to target Russian refineries, which has already led to a temporary ban on diesel exports at a time when global fuel inventories are getting strained by the first-wave effects of the Middle East war.
In fact, the situation with refined petroleum products is a major crisis in its own right. "Unlike crude oil, refined products face far fewer mitigation options. Several Middle Eastern refineries remain affected by the ongoing conflict while Russia's diesel export restrictions continue to constrain global availability," Ole Hansen, Saxo Bank's head of commodity strategy, said in an **** ysis earlier this month. "Refining capacity globally also remains relatively limited, preventing crude supply increases from quickly translating into additional diesel and gasoline production," he added.
#daily #exports
3 days ago
The second wave of the US-Iran conflict shows no signs of letting up. Attacks by the Houthi militia have threatened to curtail shipping through the Red Sea. Russia's refineries are buckling under the weight of bombardment by the Ukrainian military.
For global oil markets, already in a precarious situation, critical logistical nodes just keep getting thwarted. Things keep going wrong. Oil prices have started rebounding in return, reaching levels not seen since the first weeks of June before the signing of the US-Iran memorandum of understanding as Brent futures (BZ=F) crossed $100 per barrel on Thursday.
"If a ceasefire does not materialize," Rystad Energy head of geopolitical ***** ysis Jorge León said, "the risk of a significant rebound in oil prices would be substantial."
As the war between the US and Iran initially began in late February, attention swung toward the Strait of Hormuz, a critical waterway responsible for roughly a fifth of the world's oil trade. Threats of violence and, eventually, direct attacks on vessels by Iranian military wings sent traffic through the strait collapsing, kicking off the largest energy supply crisis on record.
Six months down the road, as the conflict has reignited, the danger for the global oil market has diversified, no longer concentrated in a single waterway or oil-producing country. Instead, disruptions are accumulating across the infrastructure that carries crude from the Middle East, processes Russian oil into 11% of the world's diesel, and supplies fuel to consumers from Europe to Asia — and at a time when the market is already squeezed after half a year's worth of supply disruptions.
#energy
For global oil markets, already in a precarious situation, critical logistical nodes just keep getting thwarted. Things keep going wrong. Oil prices have started rebounding in return, reaching levels not seen since the first weeks of June before the signing of the US-Iran memorandum of understanding as Brent futures (BZ=F) crossed $100 per barrel on Thursday.
"If a ceasefire does not materialize," Rystad Energy head of geopolitical ***** ysis Jorge León said, "the risk of a significant rebound in oil prices would be substantial."
As the war between the US and Iran initially began in late February, attention swung toward the Strait of Hormuz, a critical waterway responsible for roughly a fifth of the world's oil trade. Threats of violence and, eventually, direct attacks on vessels by Iranian military wings sent traffic through the strait collapsing, kicking off the largest energy supply crisis on record.
Six months down the road, as the conflict has reignited, the danger for the global oil market has diversified, no longer concentrated in a single waterway or oil-producing country. Instead, disruptions are accumulating across the infrastructure that carries crude from the Middle East, processes Russian oil into 11% of the world's diesel, and supplies fuel to consumers from Europe to Asia — and at a time when the market is already squeezed after half a year's worth of supply disruptions.
#energy
3 days ago
CUMBERLAND – What is now a shopping plaza that includes a Stop & Shop and a McDonald's holds a noted place in American auto racing history: It is the site of the first sanctioned stock car race in the United States outside the South.
Not only would the first stock car races in the North be held in ***** berland, but the national championship would be decided there.
On Oct. 26, 1947, Fonty Flock, of Atlanta, won the national championship race on the one-third-mile, high-banked, paved oval track of the Lonsdale Sports Arena off Mendon Road on the bank of the Blackstone River, just downstream from Pratt Dam.
A crowd of 18,000 watched the seven races that Sunday afternoon, part of a program sanctioned by National Stock Car Circuit head Bill France, who, a couple of months later, would become head of the newly formed NASCAR, the governing body of stock car auto racing.
Only days before the history-making auto races, Lonsdale Sports Arena made history in another sport: The bowl-shaped arena hosted 32,000 spectators in what was the largest football crowd ever in Rhode Island at that time, as Cranston High School beat La Salle Academy, 20-2. The huge crowd snarled traffic for hours in the area.
#auto #cumberland
Not only would the first stock car races in the North be held in ***** berland, but the national championship would be decided there.
On Oct. 26, 1947, Fonty Flock, of Atlanta, won the national championship race on the one-third-mile, high-banked, paved oval track of the Lonsdale Sports Arena off Mendon Road on the bank of the Blackstone River, just downstream from Pratt Dam.
A crowd of 18,000 watched the seven races that Sunday afternoon, part of a program sanctioned by National Stock Car Circuit head Bill France, who, a couple of months later, would become head of the newly formed NASCAR, the governing body of stock car auto racing.
Only days before the history-making auto races, Lonsdale Sports Arena made history in another sport: The bowl-shaped arena hosted 32,000 spectators in what was the largest football crowd ever in Rhode Island at that time, as Cranston High School beat La Salle Academy, 20-2. The huge crowd snarled traffic for hours in the area.
#auto #cumberland
4 days ago
Starbucks CEO Brian Niccol built his reputation at Chipotle Mexican Grill by following one formula: fix operations, rebuild customer traffic, and wait for margins to follow.
That playbook produced a stock return of more than 770% during a six-year tenure that more than doubled annual revenue and saw restaurant-level margins climb from about 19% to nearly 29%, Chipotle's quarterly results showed.
Less than two years into his role at Starbucks (SBUX), the early data suggest the same recovery pattern is emerging across the chain's U.S. locations.
Customer visits are rising, same-store sales have accelerated for three consecutive quarters, and the company recently raised its full-year earnings outlook.
The stock sits near a 52-week high, however, and the market has priced in a completed turnaround that hasn't reached the income statement yet.
#brian #chipotle
That playbook produced a stock return of more than 770% during a six-year tenure that more than doubled annual revenue and saw restaurant-level margins climb from about 19% to nearly 29%, Chipotle's quarterly results showed.
Less than two years into his role at Starbucks (SBUX), the early data suggest the same recovery pattern is emerging across the chain's U.S. locations.
Customer visits are rising, same-store sales have accelerated for three consecutive quarters, and the company recently raised its full-year earnings outlook.
The stock sits near a 52-week high, however, and the market has priced in a completed turnaround that hasn't reached the income statement yet.
#brian #chipotle
4 days ago
OPEC+ is expected to approve another production target increase when eight key producers meet on August 2, extending a months-long campaign to unwind voluntary supply cuts that have existed largely on paper since the Iran war upended Gulf exports.
Reuters reported Thursday that Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan, and Oman are expected to raise their combined September production target by another 188,000 barrels per day, matching the increases announced for June, July, and August.
The problem is that quotas have been rising while actual production has been moving in the opposite direction.
According to OPEC's own data, the group produced 36.28 million bpd in June, down from nearly 43 million bpd before the war began in February. Repeated disruptions to shipping through the Strait of Hormuz, followed by renewed attacks on vessels in the Red Sea, have prevented several Gulf producers from restoring exports despite higher official targets.
Brent crude topped $100 a barrel Thursday after Houthi attacks on Saudi-linked tankers raised fresh concerns about traffic through the Bab el-Mandeb Strait. Saudi Arabia shifted much of its crude exports to the Red Sea after Hormuz became unreliable. That alternative route is now coming under pressure as well.
#august #strait #hormuz
Reuters reported Thursday that Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan, and Oman are expected to raise their combined September production target by another 188,000 barrels per day, matching the increases announced for June, July, and August.
The problem is that quotas have been rising while actual production has been moving in the opposite direction.
According to OPEC's own data, the group produced 36.28 million bpd in June, down from nearly 43 million bpd before the war began in February. Repeated disruptions to shipping through the Strait of Hormuz, followed by renewed attacks on vessels in the Red Sea, have prevented several Gulf producers from restoring exports despite higher official targets.
Brent crude topped $100 a barrel Thursday after Houthi attacks on Saudi-linked tankers raised fresh concerns about traffic through the Bab el-Mandeb Strait. Saudi Arabia shifted much of its crude exports to the Red Sea after Hormuz became unreliable. That alternative route is now coming under pressure as well.
#august #strait #hormuz
4 days ago
Ryanair Holdings plc (NASDAQ:RYAAY)'s fiscal first-quarter profit fell 34% to €538 million from €820 million a year earlier. Revenue rose about 1% to €4.38 billion, short of the €4.48 billion ***** ysts expected. Passenger traffic climbed 6% to 61.3 million. Shares fell as much as 7% on the day (July 20). Rival carriers Wizz Air, Lufthansa, IAG, and Air France-KLM all dropped too.
Two things drove the miss. Firstly, fares fell 6% as the Iran war made travelers nervous and pushed bookings closer to departure. Secondly, operating costs rose 11% because the 20% of Ryanair Holdings plc (NASDAQ:RYAAY)'s jet fuel that isn't hedged more than doubled in price, hitting $150 a barrel during the quarter. CEO Michael O'Leary said the conflict, EU jet-fuel supply concerns, and general economic uncertainty forced the airline to cut fares to fill seats. He gave no full-year profit guidance, calling second-quarter pricing "trending modestly down" YoY and noting zero visibility into the second half of the year.
That raises a real question. Is this just a short-term problem for Europe's strongest budget airline, or is it the beginning of a long period of low ticket prices that will last even after the war ends?
BULL CASE
Ryanair Holdings plc (NASDAQ:RYAAY)'s own earnings call is the strongest source for the bull case. CFO Neil Sorahan told CNBC the Middle East conflict will cause a capacity shakeout among weaker European airlines this winter, since carriers without Ryanair's cost base or balance sheet may fail or get absorbed. He confirmed Ryanair paid off its final €1.2 billion bond in May. The corporation is now debt-free and owns its roughly 620 aircraft outright, with about €2.8 billion in cash on hand. Sorahan pushed back on demand fears directly, telling CNBC, "No shortage of bookings. No shortage of people traveling, just travelers booking closer to departure.
#billion #fell
Two things drove the miss. Firstly, fares fell 6% as the Iran war made travelers nervous and pushed bookings closer to departure. Secondly, operating costs rose 11% because the 20% of Ryanair Holdings plc (NASDAQ:RYAAY)'s jet fuel that isn't hedged more than doubled in price, hitting $150 a barrel during the quarter. CEO Michael O'Leary said the conflict, EU jet-fuel supply concerns, and general economic uncertainty forced the airline to cut fares to fill seats. He gave no full-year profit guidance, calling second-quarter pricing "trending modestly down" YoY and noting zero visibility into the second half of the year.
That raises a real question. Is this just a short-term problem for Europe's strongest budget airline, or is it the beginning of a long period of low ticket prices that will last even after the war ends?
BULL CASE
Ryanair Holdings plc (NASDAQ:RYAAY)'s own earnings call is the strongest source for the bull case. CFO Neil Sorahan told CNBC the Middle East conflict will cause a capacity shakeout among weaker European airlines this winter, since carriers without Ryanair's cost base or balance sheet may fail or get absorbed. He confirmed Ryanair paid off its final €1.2 billion bond in May. The corporation is now debt-free and owns its roughly 620 aircraft outright, with about €2.8 billion in cash on hand. Sorahan pushed back on demand fears directly, telling CNBC, "No shortage of bookings. No shortage of people traveling, just travelers booking closer to departure.
#billion #fell
5 days ago
September WTI crude oil (CLU26) on Wednesday closed up +2.49 (+2.95%), and September RBOB gasoline (RBU26) closed up +0.0186 (+0.58%).
Crude oil and gasoline prices settled sharply higher on Wednesday, with crude posting a 6-week high and gasoline climbing to a 2-month high. Threats to global oil supplies are boosting crude oil prices as escalation of the US-Iran war has curbed oil tanker traffic through the Strait of Hormuz and threats by Houthi militants to blockade Saudi Arabia have reduced oil tanker traffic through the Red Sea. Crude prices fell from their high on Wednesday after weekly EIA crude and gasoline inventories unexpectedly increased.
Nat-Gas Prices Fluctuate on Tropical Storm Risk
Crude Oil Prices Rally on Global Supply Risks
Costco Officially Launched Standalone Gas Stations. Don't Count on This Fueling Another Leg Higher in COST Stock.
#prices #september
Crude oil and gasoline prices settled sharply higher on Wednesday, with crude posting a 6-week high and gasoline climbing to a 2-month high. Threats to global oil supplies are boosting crude oil prices as escalation of the US-Iran war has curbed oil tanker traffic through the Strait of Hormuz and threats by Houthi militants to blockade Saudi Arabia have reduced oil tanker traffic through the Red Sea. Crude prices fell from their high on Wednesday after weekly EIA crude and gasoline inventories unexpectedly increased.
Nat-Gas Prices Fluctuate on Tropical Storm Risk
Crude Oil Prices Rally on Global Supply Risks
Costco Officially Launched Standalone Gas Stations. Don't Count on This Fueling Another Leg Higher in COST Stock.
#prices #september
5 days ago
September WTI crude oil (CLU26) today is up +2.37 (+2.81%), and September RBOB gasoline (RBU26) is up +0.0171 (+0.53%).
Crude oil and gasoline prices are sharply higher today, with crude posting a 6-week high and gasoline posting a 2-month high. Threats to global oil supplies are boosting crude oil prices as escalation of the US-Iran war has curbed oil tanker traffic through the Strait of Hormuz and threats by Houthi militants to blockade Saudi Arabia have reduced oil tanker traffic through the Red Sea. Crude prices fell from their high today after weekly EIA crude and gasoline inventories unexpectedly increased.
Nat-Gas Prices Fluctuate on Tropical Storm Risk
Crude Oil Prices Rally on Global Supply Risks
Fervo Energy Just Scored a New 'Buy' Rating. Here's Why.
#crude #prices #high #september
Crude oil and gasoline prices are sharply higher today, with crude posting a 6-week high and gasoline posting a 2-month high. Threats to global oil supplies are boosting crude oil prices as escalation of the US-Iran war has curbed oil tanker traffic through the Strait of Hormuz and threats by Houthi militants to blockade Saudi Arabia have reduced oil tanker traffic through the Red Sea. Crude prices fell from their high today after weekly EIA crude and gasoline inventories unexpectedly increased.
Nat-Gas Prices Fluctuate on Tropical Storm Risk
Crude Oil Prices Rally on Global Supply Risks
Fervo Energy Just Scored a New 'Buy' Rating. Here's Why.
#crude #prices #high #september
5 days ago
The fast-growing Mediterranean chain has a history of rewarding dip-buyers, but the price you'll pay to get in still requires careful consideration.
At Cava (CAVA), the strategy is clear: win on value. While many restaurant peers have been raising prices, Cava's management is playing a different game. On its latest earnings call, the company reiterated its focus on keeping prices down to drive traffic, noting that its price adjustments have been "only slightly more than half of ****** ulative CPI since 2019." It's a bold move designed to build loyalty and gain market share. For investors, however, the stock has recently served up a sharp pullback of about 29% from its recent high. That has you wondering: is this a chance to buy into a winning strategy at a discount, or is it a trap?
The answer starts with history, which offers some encouragement, though on a very small sample size. This isn't the first time the stock has seen a steep drop. The question is what happened next.
How Past Cava Dips Have Played Out
Since going public in 2023, Cava has experienced a drop of this magnitude on 3 separate occasions. For the two prior dips old enough to have a full 1-year result, the median return over the following twelve months was a sizable 123%. That's a powerful bounce-back. However, it wasn't always a straight line up. Buyers typically had to stomach a bit more pain first, with the median worst further drawdown hitting 17% before the recovery took hold. The detailed history in the table below shows the range of outcomes, but the past pattern has been one of eventual, strong recovery.
#dips
At Cava (CAVA), the strategy is clear: win on value. While many restaurant peers have been raising prices, Cava's management is playing a different game. On its latest earnings call, the company reiterated its focus on keeping prices down to drive traffic, noting that its price adjustments have been "only slightly more than half of ****** ulative CPI since 2019." It's a bold move designed to build loyalty and gain market share. For investors, however, the stock has recently served up a sharp pullback of about 29% from its recent high. That has you wondering: is this a chance to buy into a winning strategy at a discount, or is it a trap?
The answer starts with history, which offers some encouragement, though on a very small sample size. This isn't the first time the stock has seen a steep drop. The question is what happened next.
How Past Cava Dips Have Played Out
Since going public in 2023, Cava has experienced a drop of this magnitude on 3 separate occasions. For the two prior dips old enough to have a full 1-year result, the median return over the following twelve months was a sizable 123%. That's a powerful bounce-back. However, it wasn't always a straight line up. Buyers typically had to stomach a bit more pain first, with the median worst further drawdown hitting 17% before the recovery took hold. The detailed history in the table below shows the range of outcomes, but the past pattern has been one of eventual, strong recovery.
#dips
5 days ago
Giverny Capital ******* et Management, LLC, an investment management company, recently published its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The model portfolio returned 13.70% this quarter, compared to the S&P 500's 15.20% return. YTD, the portfolio gained 5.89%, while the index increased by 10.21%. The long-term link between stock appreciation and earnings growth is strong; Benjamin Graham described the market as a "voting machine" in the short term and a "weighing machine" in the long term. Despite the S&P 500's 10.2% rise in the first half of the year, 210 stocks lost value, indicating market anomalies. High-quality earnings compounders that benefit from AI capabilities are likely to maintain their competitive edge. Recently, the market has increasingly chased momentum. Tech giants are taking advantage of the optimism of investors amid fears of an AI bubble. Despite strong profit margins, reliance on "moonshot" investments raises sustainability concerns. The author recommends investing in both emerging tech leaders and established firms. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Giverny Capital ******* et Management highlighted Arista Networks, Inc. (NYSE:ANET) as one of its leading performance contributors. Arista Networks, Inc. (NYSE:ANET) is a high-speed switching and cloud networking solutions provider for hyperscale users. On July 21, 2026, Arista Networks, Inc. (NYSE:ANET) closed at $174.58 per share, reflecting a market capitalization of $219.82 billion. Arista Networks, Inc. (NYSE:ANET) posted a one-month return of 7.94%, while its shares gained 54.44% over the past 52 weeks.
Giverny Capital ******* et Management stated the following regarding Arista Networks, Inc. (NYSE:ANET) in its Q2 2026 investor update:
"Our two largest positions are Alphabet and Arista Networks, Inc. (NYSE:ANET), which I believe have strong positions in the emerging AI economy. Arista is the leading provider of networking equipment for hyperscale data centers. As AI traffic grows exponentially, data center owners increasingly need signal to move seamlessly not only within a given data center, but between data centers. The demands on the routers and switches that direct the flow of traffic are considerable. As the most sophisticated networking provider, Arista's growth may accelerate in coming years. As for portfolio activity for the quarter, we trimmed Alphabet and Arista. We sold about 20% of our position in Arista in April in two tranches at an average price of about $160. The stock finished the quarter higher than our sale price. Arista and Alphabet remain our largest positions as of June 30. The valuations on both are high enough that future returns likely will be lower than we're used to, even if the businesses continue to grow."
#NYSE #anet #capital
In its Q2 2026 investor letter, Giverny Capital ******* et Management highlighted Arista Networks, Inc. (NYSE:ANET) as one of its leading performance contributors. Arista Networks, Inc. (NYSE:ANET) is a high-speed switching and cloud networking solutions provider for hyperscale users. On July 21, 2026, Arista Networks, Inc. (NYSE:ANET) closed at $174.58 per share, reflecting a market capitalization of $219.82 billion. Arista Networks, Inc. (NYSE:ANET) posted a one-month return of 7.94%, while its shares gained 54.44% over the past 52 weeks.
Giverny Capital ******* et Management stated the following regarding Arista Networks, Inc. (NYSE:ANET) in its Q2 2026 investor update:
"Our two largest positions are Alphabet and Arista Networks, Inc. (NYSE:ANET), which I believe have strong positions in the emerging AI economy. Arista is the leading provider of networking equipment for hyperscale data centers. As AI traffic grows exponentially, data center owners increasingly need signal to move seamlessly not only within a given data center, but between data centers. The demands on the routers and switches that direct the flow of traffic are considerable. As the most sophisticated networking provider, Arista's growth may accelerate in coming years. As for portfolio activity for the quarter, we trimmed Alphabet and Arista. We sold about 20% of our position in Arista in April in two tranches at an average price of about $160. The stock finished the quarter higher than our sale price. Arista and Alphabet remain our largest positions as of June 30. The valuations on both are high enough that future returns likely will be lower than we're used to, even if the businesses continue to grow."
#NYSE #anet #capital
5 days ago
Starbucks (NASDAQ: SBUX) earned about half as much in fiscal 2025 as it did the year before. Yet the stock is acting as if the opposite happened. Shares sit near $105 as of this writing, within about 4% of their 52-week high of $109.23.
That disconnect is the whole story with this stock right now. The market is paying up for CEO Brian Niccol's turnaround before it fully shows up in profits. And based on the number that leads this kind of recovery (customer traffic), there's a chance that the market has it right.
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 »
But can the turnaround's momentum persist?
The next piece of evidence arrives Wednesday, July 29, when the coffee giant reports fiscal third-quarter results.
#fiscal
That disconnect is the whole story with this stock right now. The market is paying up for CEO Brian Niccol's turnaround before it fully shows up in profits. And based on the number that leads this kind of recovery (customer traffic), there's a chance that the market has it right.
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 »
But can the turnaround's momentum persist?
The next piece of evidence arrives Wednesday, July 29, when the coffee giant reports fiscal third-quarter results.
#fiscal
6 days ago
August WTI crude oil (CLQ26) today is up +1.75 (+2.10%), and August RBOB gasoline (RBQ26) is up +0.0017 (+0.05%).
Crude oil and gasoline prices are pushing higher today, with crude climbing to a 5-week high. The threat to global oil supplies is boosting crude oil prices today as the US-Iran war has curbed oil tanker traffic through the Strait of Hormuz and threats by Houthi militants to blockade Saudi Arabia have reduced oil tanker traffic through the Red Sea.
Nat-Gas Prices Weaken on Tropical Storm Risk
Crude Prices Gain on Escalation of US-Iran Hostilities
Crude Prices Erase Early Gains on Possible US-Iran Truce Proposal
#tanker
Crude oil and gasoline prices are pushing higher today, with crude climbing to a 5-week high. The threat to global oil supplies is boosting crude oil prices today as the US-Iran war has curbed oil tanker traffic through the Strait of Hormuz and threats by Houthi militants to blockade Saudi Arabia have reduced oil tanker traffic through the Red Sea.
Nat-Gas Prices Weaken on Tropical Storm Risk
Crude Prices Gain on Escalation of US-Iran Hostilities
Crude Prices Erase Early Gains on Possible US-Iran Truce Proposal
#tanker
6 days ago
OpenAI's $100B ad revenue target for 2030 is 20 times eMarketer's forecast for the whole chatbot market, threatening Oracle's $75B in AI-linked commitments.
ChatGPT's AI traffic share dropped from 87% to 65% as Alphabet's Gemini gains ground, making projections of chatbot ad dominance harder to justify.
Don't wait: the **** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
One of the load-bearing **** umptions behind the AI investment story just got a hard sanity check, and the numbers do not add up.
According to research firm eMarketer, OpenAI's advertising business is on pace to miss the company's own five-year revenue forecast by roughly 90%. OpenAI has projected $2.5 billion in OpenAI ad revenue in 2026, growing to $100 billion by 2030. eMarketer's data tells a different story: standalone AI chatbots, including ChatGPT, Microsoft Copilot, Google AI Mode, and Amazon's Alexa for Shopping combined, will generate less than $1 billion in ad revenue this year, and just $5.41 billion across the entire market by 2030.
#forecast #gemini #don 't
ChatGPT's AI traffic share dropped from 87% to 65% as Alphabet's Gemini gains ground, making projections of chatbot ad dominance harder to justify.
Don't wait: the **** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
One of the load-bearing **** umptions behind the AI investment story just got a hard sanity check, and the numbers do not add up.
According to research firm eMarketer, OpenAI's advertising business is on pace to miss the company's own five-year revenue forecast by roughly 90%. OpenAI has projected $2.5 billion in OpenAI ad revenue in 2026, growing to $100 billion by 2030. eMarketer's data tells a different story: standalone AI chatbots, including ChatGPT, Microsoft Copilot, Google AI Mode, and Amazon's Alexa for Shopping combined, will generate less than $1 billion in ad revenue this year, and just $5.41 billion across the entire market by 2030.
#forecast #gemini #don 't
6 days ago
The flying taxi company just unveiled a military drone, and investors are betting it's a much faster path to a paycheck.
If you blinked, you might have missed it. Archer Aviation (ACHR) stock jumped +19.6% on Monday, a sharp reversal after hitting its 52-week low of $4.44 just the session before. While peers like JOBY also saw a lift, Archer's move was in a different league. So what exactly put the charge back into this electric aircraft developer?
On Monday morning, the company pulled the curtain back on a new partnership with a defense technology company. They unveiled an autonomous aircraft platform called Thunder. This isn't another sleek pod designed to whisk you over city traffic. It's a craft built with military and commercial applications in mind, marking a significant new direction for the company.
Because it gives Archer a second, more tangible story to tell. Crucially, Archer remains essentially pre-revenue, with its entire valuation pinned on the future commercialization of urban air mobility. But as one report noted, the eVTOL industry is seeing "slower-than-expected progress." This pivot into defense is a "major expansion beyond its core urban air mobility business," offering a potential path to revenue that doesn't rely solely on a consumer market that doesn't exist yet. It's a strategic hedge while commercial passenger certification moves through lengthy regulatory timelines.
The company isn't abandoning its original mission. The CEO reaffirmed the goal of achieving certification for its passenger craft by 2028. But the more immediate catalyst is on the commercial front. Archer is expected to announce its "first commercial customers later this week," which could provide another jolt of validation. This pivot firmly plants a foot in the aerospace and defense sector, a move that clearly resonated with investors tired of waiting.
#Monday #investors
If you blinked, you might have missed it. Archer Aviation (ACHR) stock jumped +19.6% on Monday, a sharp reversal after hitting its 52-week low of $4.44 just the session before. While peers like JOBY also saw a lift, Archer's move was in a different league. So what exactly put the charge back into this electric aircraft developer?
On Monday morning, the company pulled the curtain back on a new partnership with a defense technology company. They unveiled an autonomous aircraft platform called Thunder. This isn't another sleek pod designed to whisk you over city traffic. It's a craft built with military and commercial applications in mind, marking a significant new direction for the company.
Because it gives Archer a second, more tangible story to tell. Crucially, Archer remains essentially pre-revenue, with its entire valuation pinned on the future commercialization of urban air mobility. But as one report noted, the eVTOL industry is seeing "slower-than-expected progress." This pivot into defense is a "major expansion beyond its core urban air mobility business," offering a potential path to revenue that doesn't rely solely on a consumer market that doesn't exist yet. It's a strategic hedge while commercial passenger certification moves through lengthy regulatory timelines.
The company isn't abandoning its original mission. The CEO reaffirmed the goal of achieving certification for its passenger craft by 2028. But the more immediate catalyst is on the commercial front. Archer is expected to announce its "first commercial customers later this week," which could provide another jolt of validation. This pivot firmly plants a foot in the aerospace and defense sector, a move that clearly resonated with investors tired of waiting.
#Monday #investors
6 days ago
Bill O'Reilly suggested that his longtime friend President Donald Trump "needs a breather" from his White House duties due to his age, even as the war in Iran still rages on.
"As you know, I've known the president 35 years, and he's 80 years old right now," O'Reilly, 76, said on Tuesday's episode of the "No Spin News" podcast.
Politics: Hegseth Grilled Amid Iran War Escalation, Thousands Of Flight Cancelled: Live Updates
Observing "that [Trump] is hunching over a little bit," O'Reilly continued, "that's normal. You get older, every malady in the world is going to visit you." He then advised the president to "take the next month off" and "get into an environment where you like golf, and relax a little bit."
O'Reilly made the comments amid the fallout of the Iran war after the Trump administration's interim deal with Iran to cease fighting collapsed. The U.S. and Iran continue to trade strikes as the shipping traffic in the Strait of Hormuz, an essential shipping chokepoint for global oil, has largely halted.
#Trump #years
"As you know, I've known the president 35 years, and he's 80 years old right now," O'Reilly, 76, said on Tuesday's episode of the "No Spin News" podcast.
Politics: Hegseth Grilled Amid Iran War Escalation, Thousands Of Flight Cancelled: Live Updates
Observing "that [Trump] is hunching over a little bit," O'Reilly continued, "that's normal. You get older, every malady in the world is going to visit you." He then advised the president to "take the next month off" and "get into an environment where you like golf, and relax a little bit."
O'Reilly made the comments amid the fallout of the Iran war after the Trump administration's interim deal with Iran to cease fighting collapsed. The U.S. and Iran continue to trade strikes as the shipping traffic in the Strait of Hormuz, an essential shipping chokepoint for global oil, has largely halted.
#Trump #years
6 days ago
Arizona Cardinals offensive lineman Isaiah Adams is "completely innocent" of the gun charges he is facing in Canada, his attorney told The Arizona Republic, and Adams will report to Cardinals training camp on time on Wednesday, July 22, in Tempe.
Adams, who turned 26 on Tuesday, July 21, turned himself into the Durham Regional Police on Sunday, July 19, near Toronto, and is facing charges for possessing a weapon by crime, possessing a restricted or prohibited firearm without a license, possessing a loaded firearm and possessing a prohibited device.
"Isaiah is completely innocent in this matter – he had no knowledge of any firearm, and he will be fully exonerated," attorney Adam Weisberg told The Republic.
Adams' sister, Allyson Mae Adams, 27, faces the same charges.
The siblings were among four people arrested as part of an investigation by the Durham Regional Police department's Guns and Gangs Unit, according a news release, which outlined the charges. The other two people were arrested on charges of trafficking fentanyl, after police found more than three kilograms of the drug in their vehicle.
#possessing #republic
Adams, who turned 26 on Tuesday, July 21, turned himself into the Durham Regional Police on Sunday, July 19, near Toronto, and is facing charges for possessing a weapon by crime, possessing a restricted or prohibited firearm without a license, possessing a loaded firearm and possessing a prohibited device.
"Isaiah is completely innocent in this matter – he had no knowledge of any firearm, and he will be fully exonerated," attorney Adam Weisberg told The Republic.
Adams' sister, Allyson Mae Adams, 27, faces the same charges.
The siblings were among four people arrested as part of an investigation by the Durham Regional Police department's Guns and Gangs Unit, according a news release, which outlined the charges. The other two people were arrested on charges of trafficking fentanyl, after police found more than three kilograms of the drug in their vehicle.
#possessing #republic
6 days ago
Arizona Cardinals offensive lineman Isaiah Adams faces four gun charges in Canada but still intends to report to training camp Wednesday, according to ESPN.
Adams, who was born in Canada, turned himself in to Durham Regional Police in Toronto on Sunday. He faces charges of "possessing a weapon by crime, possessing a restricted or prohibited firearm without a license, possessing a loaded firearm and possessing a prohibited device," per ESPN.
The 25-year-old Adams was arrested in connection with a Guns and Gangs investigation that resulted in four arrests. Adams and his sister, 27-year-old Allyson Adams, were arrested on the same four gun charges.
Two other individuals — Jaelin Gamble and Natasha Rotta — were arrested on charges of fentanyl possession and trafficking.
Adams reportedly already returned to Arizona following the arrest, per ESPN.
#adams #charges #canada #faces
Adams, who was born in Canada, turned himself in to Durham Regional Police in Toronto on Sunday. He faces charges of "possessing a weapon by crime, possessing a restricted or prohibited firearm without a license, possessing a loaded firearm and possessing a prohibited device," per ESPN.
The 25-year-old Adams was arrested in connection with a Guns and Gangs investigation that resulted in four arrests. Adams and his sister, 27-year-old Allyson Adams, were arrested on the same four gun charges.
Two other individuals — Jaelin Gamble and Natasha Rotta — were arrested on charges of fentanyl possession and trafficking.
Adams reportedly already returned to Arizona following the arrest, per ESPN.
#adams #charges #canada #faces
6 days ago
(NewsNation) — A United Airlines commercial flight from Houston to Phoenix was forced to land at a military base Monday due to severe weather.
The emergency landing happened at Luke Air Force Base in Glendale, Arizona, a reroute from Phoenix Sky Harbor International Airport.
The pilot told air traffic controllers there were 160 people on board, according to radio transmission. The controllers told the pilot different options for where to land, including the base.
Frontier to offer Starlink internet after years without in-flight WiFi
When the flight was supposed to land, the Phoenix airport was under a ground stop due to thunderstorms.
#phoenix #base #flight #airport
The emergency landing happened at Luke Air Force Base in Glendale, Arizona, a reroute from Phoenix Sky Harbor International Airport.
The pilot told air traffic controllers there were 160 people on board, according to radio transmission. The controllers told the pilot different options for where to land, including the base.
Frontier to offer Starlink internet after years without in-flight WiFi
When the flight was supposed to land, the Phoenix airport was under a ground stop due to thunderstorms.
#phoenix #base #flight #airport
6 days ago
Giverny Capital ***** et Management, LLC, an investment management company, recently published its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The model portfolio returned 13.70% this quarter, compared to the S&P 500's 15.20% return. YTD, the portfolio gained 5.89%, while the index increased by 10.21%. The long-term link between stock appreciation and earnings growth is strong; Benjamin Graham described the market as a "voting machine" in the short term and a "weighing machine" in the long term. Despite the S&P 500's 10.2% rise in the first half of the year, 210 stocks lost value, indicating market anomalies. High-quality earnings compounders that benefit from AI capabilities are likely to maintain their competitive edge. Recently, the market has increasingly chased momentum. Tech giants are taking advantage of the optimism of investors amid fears of an AI bubble. Despite strong profit margins, reliance on "moonshot" investments raises sustainability concerns. The author recommends investing in both emerging tech leaders and established firms. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Giverny Capital ***** et Management highlighted Arista Networks, Inc. (NYSE:ANET) as one of its leading performance contributors. Arista Networks, Inc. (NYSE:ANET) is a high-speed switching and cloud networking solutions provider for hyperscale users. On July 21, 2026, Arista Networks, Inc. (NYSE:ANET) closed at $174.58 per share, reflecting a market capitalization of $219.82 billion. Arista Networks, Inc. (NYSE:ANET) posted a one-month return of 7.94%, while its shares gained 54.44% over the past 52 weeks.
Giverny Capital ***** et Management stated the following regarding Arista Networks, Inc. (NYSE:ANET) in its Q2 2026 investor update:
"Our two largest positions are Alphabet and Arista Networks, Inc. (NYSE:ANET), which I believe have strong positions in the emerging AI economy. Arista is the leading provider of networking equipment for hyperscale data centers. As AI traffic grows exponentially, data center owners increasingly need signal to move seamlessly not only within a given data center, but between data centers. The demands on the routers and switches that direct the flow of traffic are considerable. As the most sophisticated networking provider, Arista's growth may accelerate in coming years. As for portfolio activity for the quarter, we trimmed Alphabet and Arista. We sold about 20% of our position in Arista in April in two tranches at an average price of about $160. The stock finished the quarter higher than our sale price. Arista and Alphabet remain our largest positions as of June 30. The valuations on both are high enough that future returns likely will be lower than we're used to, even if the businesses continue to grow."
#networks
In its Q2 2026 investor letter, Giverny Capital ***** et Management highlighted Arista Networks, Inc. (NYSE:ANET) as one of its leading performance contributors. Arista Networks, Inc. (NYSE:ANET) is a high-speed switching and cloud networking solutions provider for hyperscale users. On July 21, 2026, Arista Networks, Inc. (NYSE:ANET) closed at $174.58 per share, reflecting a market capitalization of $219.82 billion. Arista Networks, Inc. (NYSE:ANET) posted a one-month return of 7.94%, while its shares gained 54.44% over the past 52 weeks.
Giverny Capital ***** et Management stated the following regarding Arista Networks, Inc. (NYSE:ANET) in its Q2 2026 investor update:
"Our two largest positions are Alphabet and Arista Networks, Inc. (NYSE:ANET), which I believe have strong positions in the emerging AI economy. Arista is the leading provider of networking equipment for hyperscale data centers. As AI traffic grows exponentially, data center owners increasingly need signal to move seamlessly not only within a given data center, but between data centers. The demands on the routers and switches that direct the flow of traffic are considerable. As the most sophisticated networking provider, Arista's growth may accelerate in coming years. As for portfolio activity for the quarter, we trimmed Alphabet and Arista. We sold about 20% of our position in Arista in April in two tranches at an average price of about $160. The stock finished the quarter higher than our sale price. Arista and Alphabet remain our largest positions as of June 30. The valuations on both are high enough that future returns likely will be lower than we're used to, even if the businesses continue to grow."
#networks
7 days ago
The summer league has ended for the Philadelphia 76ers after they finished 2-3 out in Las Vegas. They won their first two games, but then ended on a 3-game skid. However, wins and losses do not matter out in Vegas. It's all about how the young players look and how they can adjust to the NBA game after to prepare for what's to come.
Sixers rookie guard Labaron Philon Jr. had some big moments in the summer league as he showed off his skills. He averaged 18.5 points, 5.8 ****** ists, and 3.5 rebounds along with 1.5 steals in four games. He put all of his skills on display and should be able to bring that talent to the league when the regular season begins in October.
Here are the three biggest observations on Philon while at the summer league:
Philon showed the capability to be able to put the ball in the basket. His percentages weren't great, he shot 38.2% overall and 25.8% from deep, but that can be attributed to being the main threat on the floor and teams swarming him whenever he crossed halfcourt. He also was shooting a respectable 39% from deep before a 1-for-13 showing in his final outing on July 15. There were plenty of times when he was blitzed and had to quickly adjust to how teams were defending him. Even with the extra attention, Philon was able to get into the paint, give the summer Sixers somebody who could make plays for others, and was able to make his presence known. It was a solid showing and should give the team some optimism about adding a 3-level scorer to the bench unit.
Over the four games in Vegas, Philon compiled 23 ****** ists against 10 turnovers in the four games he played. He had four turnovers in the finale against the Magic, but fatigue could have been a factor. He played 36:35 in that one on the second day of a back-to-back and he averaged 32 minutes in the summer league. He had seven ****** ists in the opener against the Detroit Pistons, six against the Indiana Pacers, four against the Houston Rockets, and six against the Magic. He was able to make plays for others, was directing traffic, and showed a lot of confidence for a rookie. The Sixers should be happy with what they saw.
#league #four #assists
Sixers rookie guard Labaron Philon Jr. had some big moments in the summer league as he showed off his skills. He averaged 18.5 points, 5.8 ****** ists, and 3.5 rebounds along with 1.5 steals in four games. He put all of his skills on display and should be able to bring that talent to the league when the regular season begins in October.
Here are the three biggest observations on Philon while at the summer league:
Philon showed the capability to be able to put the ball in the basket. His percentages weren't great, he shot 38.2% overall and 25.8% from deep, but that can be attributed to being the main threat on the floor and teams swarming him whenever he crossed halfcourt. He also was shooting a respectable 39% from deep before a 1-for-13 showing in his final outing on July 15. There were plenty of times when he was blitzed and had to quickly adjust to how teams were defending him. Even with the extra attention, Philon was able to get into the paint, give the summer Sixers somebody who could make plays for others, and was able to make his presence known. It was a solid showing and should give the team some optimism about adding a 3-level scorer to the bench unit.
Over the four games in Vegas, Philon compiled 23 ****** ists against 10 turnovers in the four games he played. He had four turnovers in the finale against the Magic, but fatigue could have been a factor. He played 36:35 in that one on the second day of a back-to-back and he averaged 32 minutes in the summer league. He had seven ****** ists in the opener against the Detroit Pistons, six against the Indiana Pacers, four against the Houston Rockets, and six against the Magic. He was able to make plays for others, was directing traffic, and showed a lot of confidence for a rookie. The Sixers should be happy with what they saw.
#league #four #assists
7 days ago
Comic Whitney ******* s said that Netflix cut a joke she made about President Donald Trump during last month's event honoring Bill Maher at the Kennedy Center in Washington.
"They said, 'We need to cut it from the broadcast,'" she said on her "Good For You" podcast. "And I'm like, 'Well, it's already out there. Who cares?' And they're like, 'He will sue you.'"
Buzz: Seth Meyers Awards Trump With 1 Well-Deserved Honor Over This Kennedy Center Tale
The joke in question:
"I actually heard Trump may come tonight but he couldn't make it. He got caught in *** traffic."
"They said, 'We need to cut it from the broadcast,'" she said on her "Good For You" podcast. "And I'm like, 'Well, it's already out there. Who cares?' And they're like, 'He will sue you.'"
Buzz: Seth Meyers Awards Trump With 1 Well-Deserved Honor Over This Kennedy Center Tale
The joke in question:
"I actually heard Trump may come tonight but he couldn't make it. He got caught in *** traffic."
8 days ago
A tour guide who takes Beatles fans around Liverpool told how fans were stunned to see Sir Paul McCartney while waiting at traffic lights.
The chance encounter got even more surreal, when the Fab Four fans realised Sir Paul was at that very moment talking to fellow Beatle Ringo Starr on a video call.
"It was surreal," said Neil Morton, who has driven the Magical Mystery Tour bus around various Beatles sights in Liverpool for the last two years.
"I had pulled up at the traffic lights on Hope Street when who should I see - Sir Paul with Ringo on Facetime", he added.
"He waved to us and everybody took photos," Morton said.
The chance encounter got even more surreal, when the Fab Four fans realised Sir Paul was at that very moment talking to fellow Beatle Ringo Starr on a video call.
"It was surreal," said Neil Morton, who has driven the Magical Mystery Tour bus around various Beatles sights in Liverpool for the last two years.
"I had pulled up at the traffic lights on Hope Street when who should I see - Sir Paul with Ringo on Facetime", he added.
"He waved to us and everybody took photos," Morton said.
8 days ago
Social media influencers Andrew Tate and Tristan Tate were arrested by federal law enforcement in Miami in connection to rape and ****** trafficking charges in the U.K. NBC News' Danny Cevallos explains why the arrest is happening now and the extradition agreement between the U.S. and the U.K.
8 days ago
DUBAI, United Arab Emirates (AP) — The United States conducted a new round of airstrikes early Monday targeting Iran after announcing the death of another American service member, hitting around a northwestern city believed to be home to underground missile bases. Iran responded by launching an attack targeting Bahrain, the home of the U.S. Navy's 5th Fleet, and Kuwait.
The latest attacks again showed how, step by step, the U.S. and Iran have inched closer to all-out war as last month's interim deal meant to permanently end the fighting has crumbled and shipping traffic in the Strait of Hormuz has largely stalled. Both sides have targeted civilian infrastructure relied on by millions of people.
Meanwhile, benchmark Brent crude rose Monday above $90 a barrel, further fueling a global energy crisis sparked by the conflict. An average gallon of regular gasoline in the U.S. also rose to $4, a key metric for Americans that puts more pressure on their wallets ahead of midterm elections this fall.
The U.S. military said the service member was killed in Iraq on Saturday during the "controlled detonation" of a downed Iranian drone.
"We hit them very hard again tonight," U.S. President Donald Trump said. "And we did that in honor of the" soldiers killed, he said.
The latest attacks again showed how, step by step, the U.S. and Iran have inched closer to all-out war as last month's interim deal meant to permanently end the fighting has crumbled and shipping traffic in the Strait of Hormuz has largely stalled. Both sides have targeted civilian infrastructure relied on by millions of people.
Meanwhile, benchmark Brent crude rose Monday above $90 a barrel, further fueling a global energy crisis sparked by the conflict. An average gallon of regular gasoline in the U.S. also rose to $4, a key metric for Americans that puts more pressure on their wallets ahead of midterm elections this fall.
The U.S. military said the service member was killed in Iraq on Saturday during the "controlled detonation" of a downed Iranian drone.
"We hit them very hard again tonight," U.S. President Donald Trump said. "And we did that in honor of the" soldiers killed, he said.
8 days ago
DUBAI, United Arab Emirates — The United States announced another death of a service member as it launched more airstrikes at Iran on Sunday in response to the killing of U.S. troops, and Iran fired missiles toward Jordan that risked widening the conflict into neighboring Israel.
Step by step, the U.S. and Iran have returned closer to all-out war as last month's interim deal meant to permanently end the fighting has crumbled and shipping traffic in the Strait of Hormuz has largely stalled. Both sides have targeted civilian infrastructure relied on by millions of people.
The U.S. military said the service member was killed in Iraq on Saturday during the "controlled detonation" of a downed Iranian drone.
Earlier, the military said its strikes targeted Iran's paramilitary Revolutionary Guard to retaliate for Friday's killing of troops in Jordan. One service member was missing after that attack, and the military's new statement said "unidentified remains" were found Sunday and were being examined. Since the war began, 17 U.S. service members have been killed.
The renewed exchanges of fire, now in their second week, have seen the U.S. target bridges, water desalination plants and electrical facilities in Iran. Tehran has hit U.S.-allied countries throughout the Middle East.
Step by step, the U.S. and Iran have returned closer to all-out war as last month's interim deal meant to permanently end the fighting has crumbled and shipping traffic in the Strait of Hormuz has largely stalled. Both sides have targeted civilian infrastructure relied on by millions of people.
The U.S. military said the service member was killed in Iraq on Saturday during the "controlled detonation" of a downed Iranian drone.
Earlier, the military said its strikes targeted Iran's paramilitary Revolutionary Guard to retaliate for Friday's killing of troops in Jordan. One service member was missing after that attack, and the military's new statement said "unidentified remains" were found Sunday and were being examined. Since the war began, 17 U.S. service members have been killed.
The renewed exchanges of fire, now in their second week, have seen the U.S. target bridges, water desalination plants and electrical facilities in Iran. Tehran has hit U.S.-allied countries throughout the Middle East.
9 days ago
Andrew Tate and his brother, Tristan Tate, were arrested in Miami following new charges in the U.K.
On Saturday, July 18, the U.S. Marshals Service took the controversial social media personalities — Andrew, 39, and Tristan, 38 — into custody in Miami on a sealed warrant, an agency spokesperson, Brady McCarron, told the **** ociated Press.
British prosecutors announced on Saturday their intention to seek the Tate brothers' extradition on charges of raping and trafficking women between 2010 and 2017. Per the BBC, British authorities have issued a total of 38 new charges against them.
"We have decided to prosecute Andrew and Tristan Tate for further offences including rape, arranging or facilitating trafficking for **** ual exploitation and offences relating to indecent images of a child," Malcolm McHaffie, the head of the special crime division at the Crown Prosecution Service, said in a statement.
McHaffie continued, "These charging decisions followed receipt of a further file of evidence from Bedfordshire Police and bring the total number of alleged victims in this case to seven."
On Saturday, July 18, the U.S. Marshals Service took the controversial social media personalities — Andrew, 39, and Tristan, 38 — into custody in Miami on a sealed warrant, an agency spokesperson, Brady McCarron, told the **** ociated Press.
British prosecutors announced on Saturday their intention to seek the Tate brothers' extradition on charges of raping and trafficking women between 2010 and 2017. Per the BBC, British authorities have issued a total of 38 new charges against them.
"We have decided to prosecute Andrew and Tristan Tate for further offences including rape, arranging or facilitating trafficking for **** ual exploitation and offences relating to indecent images of a child," Malcolm McHaffie, the head of the special crime division at the Crown Prosecution Service, said in a statement.
McHaffie continued, "These charging decisions followed receipt of a further file of evidence from Bedfordshire Police and bring the total number of alleged victims in this case to seven."
9 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
The U.S. aviation sector is reportedly pushing lawmakers to approve a funding package worth $20 billion to modernize the country's aging air traffic control (ATC) systems, as well as curb flight disruptions.
According to a Reuters report on Wednesday, a coalition of airlines, airplane manufacturers, airports, unions and others said that the funds would replace hundreds of aging ATC facilities, as well as help deploy next-generation tech for controllers to improve safety.
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A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why
The U.S. aviation sector is reportedly pushing lawmakers to approve a funding package worth $20 billion to modernize the country's aging air traffic control (ATC) systems, as well as curb flight disruptions.
According to a Reuters report on Wednesday, a coalition of airlines, airplane manufacturers, airports, unions and others said that the funds would replace hundreds of aging ATC facilities, as well as help deploy next-generation tech for controllers to improve safety.
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A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why
9 days ago
For the past few years, the ****** sment of coffee stocks on Wall Street has been simple: The upstart was winning. Dutch Bros (NYSE: BROS) ran circles around the incumbent, while Starbucks (NASDAQ: SBUX) stumbled through slumping sales and a leadership shake-up.
In 2026, the script flipped hard. Starbucks shares climbed sharply this year, while Dutch Bros slid somewhat. The question now is whether the elephant can keep stepping on the challenger through the back half of the year.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The turnaround is real, and it has a name: "Back to Starbucks," the plan led by CEO Brian Niccol. After a long stretch of falling traffic, Starbucks coaxed customers back into its cafes, posting positive comparable sales after several quarters of declines and, crucially, seeing morning visits recover across the U.S.
The company credits simple, unglamorous fixes. These include better staffing, faster service, and a renewed focus on the in-store experience. They have helped bring some of the regulars back. When a business this size gets its foot traffic moving in the right direction again, the momentum tends to feed on itself. And management has grown confident enough to raise its outlook for the year.
In 2026, the script flipped hard. Starbucks shares climbed sharply this year, while Dutch Bros slid somewhat. The question now is whether the elephant can keep stepping on the challenger through the back half of the year.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The turnaround is real, and it has a name: "Back to Starbucks," the plan led by CEO Brian Niccol. After a long stretch of falling traffic, Starbucks coaxed customers back into its cafes, posting positive comparable sales after several quarters of declines and, crucially, seeing morning visits recover across the U.S.
The company credits simple, unglamorous fixes. These include better staffing, faster service, and a renewed focus on the in-store experience. They have helped bring some of the regulars back. When a business this size gets its foot traffic moving in the right direction again, the momentum tends to feed on itself. And management has grown confident enough to raise its outlook for the year.
