9 mins. ago
Life comes at you fast in Formula 1, and no team is feeling the whiplash of the 2026 regulations quite like McLaren. Just months after celebrating Lando Norris's maiden World Championship victory, the papaya garage has found itself completely on the back foot.
As McLaren desperately tries to claw back performance against the likes of Mercedes and Ferrari, the paddock rumor mill is already spinning. According to former Haas Team Principal Guenther Steiner, if McLaren cannot fix their underlying issues, their star driver won't hesitate to trigger an exit strategy.
But to understand why Norris might be looking for the door, you have to look at the massive technical overhaul introduced for the 2026 season.
The new regulations fundamentally changed how F1 cars generate power, removing the complex MGU-H and demanding a 50:50 power delivery split between the internal combustion engine and the electric MGU-K. This aggressive shift to electrification has heavily favored factory works teams.
McLaren driver Lando Norris (1) during the Lenovo Grand Prix Du Canada at Circuit Gilles-Villeneuve. Mandatory Credit: David Kirouac-Imagn Images
#driver
As McLaren desperately tries to claw back performance against the likes of Mercedes and Ferrari, the paddock rumor mill is already spinning. According to former Haas Team Principal Guenther Steiner, if McLaren cannot fix their underlying issues, their star driver won't hesitate to trigger an exit strategy.
But to understand why Norris might be looking for the door, you have to look at the massive technical overhaul introduced for the 2026 season.
The new regulations fundamentally changed how F1 cars generate power, removing the complex MGU-H and demanding a 50:50 power delivery split between the internal combustion engine and the electric MGU-K. This aggressive shift to electrification has heavily favored factory works teams.
McLaren driver Lando Norris (1) during the Lenovo Grand Prix Du Canada at Circuit Gilles-Villeneuve. Mandatory Credit: David Kirouac-Imagn Images
#driver
55 mins. ago
Americans have a savings crisis. Or more accurately, we have a crisis of under-saving.
In 2026, about a third of U.S. adults have $0 saved for emergencies. People in this group often feel like they're just bad with money. However, you should keep in mind that we're all facing factors beyond our control. Between inflation, high medical costs, and challenges in the job market, many Americans are finding it difficult or even impossible to save money.
It's difficult to say exactly how many Americans have $0 in savings, since different sources cite different figures.
One survey from Empower found that 32% of respondents reported they had no emergency savings. And 39% said rising prices are the biggest roadblock to saving for a rainy day.
Meanwhile, a Yahoo Finance and Marist poll put the number of Americans without savings higher; 35% of respondents said their savings would not last them a full month if they lost income.
#difficult #respondents
In 2026, about a third of U.S. adults have $0 saved for emergencies. People in this group often feel like they're just bad with money. However, you should keep in mind that we're all facing factors beyond our control. Between inflation, high medical costs, and challenges in the job market, many Americans are finding it difficult or even impossible to save money.
It's difficult to say exactly how many Americans have $0 in savings, since different sources cite different figures.
One survey from Empower found that 32% of respondents reported they had no emergency savings. And 39% said rising prices are the biggest roadblock to saving for a rainy day.
Meanwhile, a Yahoo Finance and Marist poll put the number of Americans without savings higher; 35% of respondents said their savings would not last them a full month if they lost income.
#difficult #respondents
4 hours ago
The Manchester Bee has been part of the DNA of our city for almost 200 years and is an iconic symbol for Mancunians.
Club News
Stylish, striking and a source of great pride, the first official ******* ociation came when Manchester was granted its coat of arms in 1842, with seven bees placed on a globe above the shield.
The bee – specifically the worker bee – conveys the city's industry, togetherness and hard work, while the globe reflected Manchester's importance as a global trading city.
During the Industrial Revolution, Manchester took the lead in terms of mass production leading to comparisons with the worker bee and the hive of activity, with factories filled with hard working individuals that helped make the city into not only a northern powerhouse, but a world industry leader during the 19th century.
#industry
Club News
Stylish, striking and a source of great pride, the first official ******* ociation came when Manchester was granted its coat of arms in 1842, with seven bees placed on a globe above the shield.
The bee – specifically the worker bee – conveys the city's industry, togetherness and hard work, while the globe reflected Manchester's importance as a global trading city.
During the Industrial Revolution, Manchester took the lead in terms of mass production leading to comparisons with the worker bee and the hive of activity, with factories filled with hard working individuals that helped make the city into not only a northern powerhouse, but a world industry leader during the 19th century.
#industry
9 hours ago
Just a few weeks ago, only a handful of members of the U.S. women's hockey team were expected to attend the ESPYs, the annual awards show honoring the year's biggest athletes, teams and moments in sports.
By Wednesday afternoon, many more of the reigning Olympic gold medalists were swapping jerseys for gowns inside a midtown Manhattan penthouse. Champagne was flowing. Hair and makeup artists buzzed around the room. Defenseman Mariah Keopple, who also works as a stylist, helped teammates put the finishing touches on their looks before they headed to the awards show, airing live Wednesday night from the David H. Koch Theater at Lincoln Center in New York City.
It wasn't exactly the typical pregame routine for one of the world's best hockey teams. And none of it would have happened without an unlikely benefactor: Flavor Flav.
The Public Enemy legend learned last week from U.S. captain Hilary Knight that only a handful of players had been invited to the ESPYs, where Team USA is nominated for Best Team following its dramatic gold-medal victory at the 2026 Winter Olympics. For Flavor Flav, the solution was simple: "I got you."
That promise quickly snowballed.
#team #espys #wednesday #hockey
By Wednesday afternoon, many more of the reigning Olympic gold medalists were swapping jerseys for gowns inside a midtown Manhattan penthouse. Champagne was flowing. Hair and makeup artists buzzed around the room. Defenseman Mariah Keopple, who also works as a stylist, helped teammates put the finishing touches on their looks before they headed to the awards show, airing live Wednesday night from the David H. Koch Theater at Lincoln Center in New York City.
It wasn't exactly the typical pregame routine for one of the world's best hockey teams. And none of it would have happened without an unlikely benefactor: Flavor Flav.
The Public Enemy legend learned last week from U.S. captain Hilary Knight that only a handful of players had been invited to the ESPYs, where Team USA is nominated for Best Team following its dramatic gold-medal victory at the 2026 Winter Olympics. For Flavor Flav, the solution was simple: "I got you."
That promise quickly snowballed.
#team #espys #wednesday #hockey
9 hours ago
The dollar index (DXY00) is down by -0.02% today. The dollar recovered from overnight losses and is little changed after crude oil prices surged more than +6% when President Trump said the US will "hit Iran hard" after a recent attack from Iran that targeted a US base in Jordan. The jump in crude prices raises inflation expectations and could prompt the Fed to tighten monetary policy, a supportive factor for the dollar. Movement in the dollar is limited ahead of the conclusion of the 2-day FOMC meeting later today when policymakers are expected to keep interest rates unchanged.
Crude oil prices jumped today after the Islamic Revolutionary Guard Corps (IRGC) said it targeted a US airbase and command center in Jordan with ballistic missiles. The IRGC also claimed to have hit and halted three tankers attempting to transit through the Strait of Hormuz. Meanwhile, the US and Saudi Arabia launched a joint attack on "Iran-aligned terrorists" in Iraq after the IRGC directed them to target US forces and Saudi energy infrastructure.
Dollar Slips as Crude Oil Prices and T-Note Yields Fall
Dollar Turns Lower After US Consumer Confidence Unexpectedly Declines
Dollar Falls as FOMC Keeps Interest Rates Unchanged
#Iran #jordan
Crude oil prices jumped today after the Islamic Revolutionary Guard Corps (IRGC) said it targeted a US airbase and command center in Jordan with ballistic missiles. The IRGC also claimed to have hit and halted three tankers attempting to transit through the Strait of Hormuz. Meanwhile, the US and Saudi Arabia launched a joint attack on "Iran-aligned terrorists" in Iraq after the IRGC directed them to target US forces and Saudi energy infrastructure.
Dollar Slips as Crude Oil Prices and T-Note Yields Fall
Dollar Turns Lower After US Consumer Confidence Unexpectedly Declines
Dollar Falls as FOMC Keeps Interest Rates Unchanged
#Iran #jordan
9 hours ago
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Mortgage rates have been higher in the last few years. But where are rates headed in the next five years, and should you wait for mortgage rates to fall significantly before buying or refinancing? Mortgage interest rates are determined by several factors, all of which can give us clues about the future. Let's take a closer look at mortgage rate predictions over the next five years.
Here are the housing market predictions for 2026.
One of the most useful indicators for predicting mortgage rates is the yield on the 10-year U.S. Treasury note. Mortgage rates and 10-year Treasury yields typically move in the same direction, although mortgage rates are usually higher because lenders factor in additional risks. This difference between the two is known as the spread, and we'll account for that when estimating where mortgage rates could go.
With that in mind, the first step is to look at where economists believe Treasury yields are headed over the next five years. To build a forecast, we'll combine expert economic projections with data compiled using artificial intelligence.
#mortgage #rates #five
Mortgage rates have been higher in the last few years. But where are rates headed in the next five years, and should you wait for mortgage rates to fall significantly before buying or refinancing? Mortgage interest rates are determined by several factors, all of which can give us clues about the future. Let's take a closer look at mortgage rate predictions over the next five years.
Here are the housing market predictions for 2026.
One of the most useful indicators for predicting mortgage rates is the yield on the 10-year U.S. Treasury note. Mortgage rates and 10-year Treasury yields typically move in the same direction, although mortgage rates are usually higher because lenders factor in additional risks. This difference between the two is known as the spread, and we'll account for that when estimating where mortgage rates could go.
With that in mind, the first step is to look at where economists believe Treasury yields are headed over the next five years. To build a forecast, we'll combine expert economic projections with data compiled using artificial intelligence.
#mortgage #rates #five
10 hours ago
Vozinha, the goalkeeper who played a key role in Cape Verde's fairytale World Cup run, has delayed his arrival in Chile to sign for Colo Colo because of "personal matters," the club's sporting director said on Thursday.
Colo Colo president Anibal Mosa had announced the signing of the 40-year-old keeper last Friday, later saying he would arrive in Chile on Thursday.
The delay fueled speculation in the local press, with some reporting that Vozinha was also in talks with Moroccan club RS Berkane.
"An additional period has been requested to resolve some personal matters ... and we'll surely have news soon regarding his travel schedule," Jaime Pizarro, Colo Colo's sporting director, told reporters.
Pizarro said immigration procedures were also a factor in the delay and that the club had accepted Vozinha's requests "to allow him to attend to his needs."
#chile #sporting
Colo Colo president Anibal Mosa had announced the signing of the 40-year-old keeper last Friday, later saying he would arrive in Chile on Thursday.
The delay fueled speculation in the local press, with some reporting that Vozinha was also in talks with Moroccan club RS Berkane.
"An additional period has been requested to resolve some personal matters ... and we'll surely have news soon regarding his travel schedule," Jaime Pizarro, Colo Colo's sporting director, told reporters.
Pizarro said immigration procedures were also a factor in the delay and that the club had accepted Vozinha's requests "to allow him to attend to his needs."
#chile #sporting
10 hours ago
(The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.)
A Dallas County jury last week hit freight broker C.H. Robinson with a share of a $604 million verdict in Peyton Lipe et al. v. Lupus Superior, LLC et al. The case stems from a deadly 2021 crash on Interstate 20 in Mississippi. A tractor-trailer operated by Lupus Superior and driven by Gorgonio Gonzalez plowed into stopped traffic. The wreck sparked a multi-vehicle fire that killed Jennifer Lipe, Benjamin Brewer, and Rhoderick Coleman. Two others were seriously hurt. Gonzalez also died.
The jury found the driver, the motor carrier, and C.H. Robinson all negligent. The jury ******* igned Gonzalez with 45% responsibility, Lupus Superior with 32% responsibility, and C.H. Robinson 23% responsibility. Lupus Superior, a Grand Prairie, TX based motor carrier, holds a satisfactory safety rating with the FMCSA. More importantly, the jurors decided Gonzalez was acting as a "borrowed employee" of C.H. Robinson and was carrying out a mission under the broker's control. That finding opens the door to full vicarious liability for the driver's negligence. C.H. Robinson has said it will appeal.
This verdict lands right after two major court decisions that reshape how courts treat liability in trucking and logistics. Understanding the difference between vicarious liability and negligent hiring is key to seeing what happens next.
Vicarious Liability: When One Party Answers for Another's Mistakes.
#superior
A Dallas County jury last week hit freight broker C.H. Robinson with a share of a $604 million verdict in Peyton Lipe et al. v. Lupus Superior, LLC et al. The case stems from a deadly 2021 crash on Interstate 20 in Mississippi. A tractor-trailer operated by Lupus Superior and driven by Gorgonio Gonzalez plowed into stopped traffic. The wreck sparked a multi-vehicle fire that killed Jennifer Lipe, Benjamin Brewer, and Rhoderick Coleman. Two others were seriously hurt. Gonzalez also died.
The jury found the driver, the motor carrier, and C.H. Robinson all negligent. The jury ******* igned Gonzalez with 45% responsibility, Lupus Superior with 32% responsibility, and C.H. Robinson 23% responsibility. Lupus Superior, a Grand Prairie, TX based motor carrier, holds a satisfactory safety rating with the FMCSA. More importantly, the jurors decided Gonzalez was acting as a "borrowed employee" of C.H. Robinson and was carrying out a mission under the broker's control. That finding opens the door to full vicarious liability for the driver's negligence. C.H. Robinson has said it will appeal.
This verdict lands right after two major court decisions that reshape how courts treat liability in trucking and logistics. Understanding the difference between vicarious liability and negligent hiring is key to seeing what happens next.
Vicarious Liability: When One Party Answers for Another's Mistakes.
#superior
11 hours ago
This story was originally published on Construction Dive. To receive daily news and insights, subscribe to our free daily Construction Dive newsletter.
The Turner Building Cost Index rose 5.2% year over year in the second quarter, providing further evidence that construction costs are increasing on an annual basis, even as monthly numbers offered a momentary reprieve.
The construction cost yardstick from New York City-based Turner Construction, the industry's largest contractor by revenue, increased 1.4% from the first quarter as high-growth sectors drove demand for both labor and materials, according to a July 24 news release.
"Demand remains strongest in data centers, semiconductors, advanced manufacturing, and mission-critical facilities, particularly in the Midwest and Southeast," Attilio Rivetti, Turner's vice president responsible for compiling the index, said in the release. "The industry's biggest challenge continues to be the availability of skilled Mechanical and Electrical labor."
Monthly costs have whipsawed recently. In June, nonresidential input costs decreased 1.1% month over month, according to the latest data from the U.S. Bureau of Labor Statistics. But that dip came after a 2.6% month-over-month surge in May, a jump that helped spur the fastest annual increase since the pandemic.
#construction #dive #monthly
The Turner Building Cost Index rose 5.2% year over year in the second quarter, providing further evidence that construction costs are increasing on an annual basis, even as monthly numbers offered a momentary reprieve.
The construction cost yardstick from New York City-based Turner Construction, the industry's largest contractor by revenue, increased 1.4% from the first quarter as high-growth sectors drove demand for both labor and materials, according to a July 24 news release.
"Demand remains strongest in data centers, semiconductors, advanced manufacturing, and mission-critical facilities, particularly in the Midwest and Southeast," Attilio Rivetti, Turner's vice president responsible for compiling the index, said in the release. "The industry's biggest challenge continues to be the availability of skilled Mechanical and Electrical labor."
Monthly costs have whipsawed recently. In June, nonresidential input costs decreased 1.1% month over month, according to the latest data from the U.S. Bureau of Labor Statistics. But that dip came after a 2.6% month-over-month surge in May, a jump that helped spur the fastest annual increase since the pandemic.
#construction #dive #monthly
13 hours ago
Anchor Ryan Clark was fired from ESPN during a live broadcast of his NFL Live show.
Recently, anchor Ryan Clark, 46, was fired from ESPN during a live broadcast of his NFL Live show. Many critiqued ESPN's decision to fire Clark mid-show, but the network defended its decision, citing fears that Clark would find out the news through the grapevine. In an episode of The Pivot Podcast post-firing, Clark claims he adjusted who he was to keep his job at ESPN, specifically stating that he felt he couldn't be "too Black."
ESPN declined an official comment regarding these claims, directing Forbes to a memo Chairman Jimmy Pitaro sent to employees on July 21 that stated the following: "Over the past several months, we've made significant progress integrating the NFL ***** ets that we acquired into ESPN. Throughout this process, we have taken the time to carefully evaluate our collective teams, resources and organizational structure to best position us for the future. As a result, we had to make some difficult decisions about job impacts that we will be communicating today. While most of the job impacts are tied to the acquisition, we will also notify colleagues in other parts of the company today that their positions have been impacted. We are committed to treating employees with compassion and respect and to providing support as they navigate this transition. Even in moments like these, the strength of ESPN comes from our people, our teamwork and our shared mission to serve sports fans."
In 2019, actor Gabrielle Union, who was a judge on the TV show America's Got Talent was told her hair was "too Black."
Clark is not unique in his experiences. Workplaces that make Black employees feel like they must tone down their Blackness are a persistent experience across different fields and industries. In 2019, it was reported that actor Gabrielle Union, who was a judge on the TV show America's Got Talent: The Champions, was told her hair was "too Black." That same year, actor Reagan Gomez-Preston alleged in a series of tweets that while filming for That 70s Show, she had to tone down her Blackness and was humiliated by a white male director who critiqued every scene, making remarks asking her for "less sass."
#espn #show #ryan
Recently, anchor Ryan Clark, 46, was fired from ESPN during a live broadcast of his NFL Live show. Many critiqued ESPN's decision to fire Clark mid-show, but the network defended its decision, citing fears that Clark would find out the news through the grapevine. In an episode of The Pivot Podcast post-firing, Clark claims he adjusted who he was to keep his job at ESPN, specifically stating that he felt he couldn't be "too Black."
ESPN declined an official comment regarding these claims, directing Forbes to a memo Chairman Jimmy Pitaro sent to employees on July 21 that stated the following: "Over the past several months, we've made significant progress integrating the NFL ***** ets that we acquired into ESPN. Throughout this process, we have taken the time to carefully evaluate our collective teams, resources and organizational structure to best position us for the future. As a result, we had to make some difficult decisions about job impacts that we will be communicating today. While most of the job impacts are tied to the acquisition, we will also notify colleagues in other parts of the company today that their positions have been impacted. We are committed to treating employees with compassion and respect and to providing support as they navigate this transition. Even in moments like these, the strength of ESPN comes from our people, our teamwork and our shared mission to serve sports fans."
In 2019, actor Gabrielle Union, who was a judge on the TV show America's Got Talent was told her hair was "too Black."
Clark is not unique in his experiences. Workplaces that make Black employees feel like they must tone down their Blackness are a persistent experience across different fields and industries. In 2019, it was reported that actor Gabrielle Union, who was a judge on the TV show America's Got Talent: The Champions, was told her hair was "too Black." That same year, actor Reagan Gomez-Preston alleged in a series of tweets that while filming for That 70s Show, she had to tone down her Blackness and was humiliated by a white male director who critiqued every scene, making remarks asking her for "less sass."
#espn #show #ryan
15 hours ago
Drake Von is facing even more serious legal troubles.
According to TMZ, the adult model is now in hot water in California after authorities arrested him for possessing a toxic substance in Los Angeles. This is now his 3rd run-in with the law in 2026 following a couple of serious charges in June.
Von, whose real name is Dawson Bacon, was busted Tuesday for misdemeanor possession of a substance similar to toluene, which is a colorless liquid that is highly toxic when inhaled and causes dizziness. Records show Von was released on Wednesday.
Last month, Von was charged on one count of misdemeanor DUI after reportedly crashing his car into another vehicle in Las Vegas. Photos released to TMZ even show the passenger door smashed in. The ****** star said he was sober during the crash, but nitrous was found in the vehicle.
Prior to his DUI, the actor was released on bail after he was arrested for allegedly strangling his partner. His charges include first-degree domestic battery, domestic battery by strangulation, and felony coercion constituting domestic violence with threat or use of physical force.
#serious #toxic #misdemeanor #show
According to TMZ, the adult model is now in hot water in California after authorities arrested him for possessing a toxic substance in Los Angeles. This is now his 3rd run-in with the law in 2026 following a couple of serious charges in June.
Von, whose real name is Dawson Bacon, was busted Tuesday for misdemeanor possession of a substance similar to toluene, which is a colorless liquid that is highly toxic when inhaled and causes dizziness. Records show Von was released on Wednesday.
Last month, Von was charged on one count of misdemeanor DUI after reportedly crashing his car into another vehicle in Las Vegas. Photos released to TMZ even show the passenger door smashed in. The ****** star said he was sober during the crash, but nitrous was found in the vehicle.
Prior to his DUI, the actor was released on bail after he was arrested for allegedly strangling his partner. His charges include first-degree domestic battery, domestic battery by strangulation, and felony coercion constituting domestic violence with threat or use of physical force.
#serious #toxic #misdemeanor #show
15 hours ago
BERLIN, July 29 (Reuters) - German defence contractor Rheinmetall reported a stronger-than-expected second-quarter operating profit on Wednesday as booming demand for military equipment helped drive a sharp increase in revenue across all business segments.
Operating profit climbed to €562 million ($640 million), beating market expectations of about €470 million, while revenue rose nearly 70% from a year earlier to about €3.3 billion.
Rheinmetall had already said on July 2 that it expected revenue growth of more than 60% for the reporting period.
The company cautioned, however, that operating free cash flow is expected to be significantly negative in the quarter because advance payments were shifted into later periods.
The company's order backlog exceeded €80 billion in the quarter after it recorded €11.37 billion in new contract awards and programmes, including one from the German military for loitering munitions.
#operating #million #billion #profit
Operating profit climbed to €562 million ($640 million), beating market expectations of about €470 million, while revenue rose nearly 70% from a year earlier to about €3.3 billion.
Rheinmetall had already said on July 2 that it expected revenue growth of more than 60% for the reporting period.
The company cautioned, however, that operating free cash flow is expected to be significantly negative in the quarter because advance payments were shifted into later periods.
The company's order backlog exceeded €80 billion in the quarter after it recorded €11.37 billion in new contract awards and programmes, including one from the German military for loitering munitions.
#operating #million #billion #profit
16 hours ago
Alan Ritchson is drawing fire from Fox News after slamming the president. A war of words has broken out between a popular action star and one of cable news's sharpest personalities. After the actor unloaded on the president during a podcast, a Fox host devoted airtime to picking apart his mindset. The exchange is now fueling debate over politics, celebrity, and where the two collide.
Fox News host Greg Gutfeld responded to Reacher star Alan Ritchson's criticism of President Donald Trump by claiming the actor is being "eaten alive" by resentment. On an episode of The Five, he broke down Ritchson's state of mind after the star's fiery podcast appearance.
The Alan Ritchson Trump comments came on the Monday, July 27, episode of Dax Shepard's "Armchair Expert" podcast, where Ritchson criticized Trump over the Jeffrey Epstein files and other issues.
Gutfeld tried to frame the remarks as having "nothing to do with politics," adding that the Reacher star "wasn't joking." He argued, "It says absolutely nothing about Donald Trump, but it says too much about him."
The Fox News Alan Ritchson segment saw the host steer the conversation away from partisanship. He likened the actor's alleged resentment to "taking a poison and waiting for the other person to die," calling it a "powerful contrast" for someone so physically fit. He also mocked that "no amount of squats and bench presses" would fix it.
#Trump #podcast #reacher #donald
Fox News host Greg Gutfeld responded to Reacher star Alan Ritchson's criticism of President Donald Trump by claiming the actor is being "eaten alive" by resentment. On an episode of The Five, he broke down Ritchson's state of mind after the star's fiery podcast appearance.
The Alan Ritchson Trump comments came on the Monday, July 27, episode of Dax Shepard's "Armchair Expert" podcast, where Ritchson criticized Trump over the Jeffrey Epstein files and other issues.
Gutfeld tried to frame the remarks as having "nothing to do with politics," adding that the Reacher star "wasn't joking." He argued, "It says absolutely nothing about Donald Trump, but it says too much about him."
The Fox News Alan Ritchson segment saw the host steer the conversation away from partisanship. He likened the actor's alleged resentment to "taking a poison and waiting for the other person to die," calling it a "powerful contrast" for someone so physically fit. He also mocked that "no amount of squats and bench presses" would fix it.
#Trump #podcast #reacher #donald
17 hours ago
Orlando Bloom and Swiss model Luisa Laemmel were spotted snorkeling together in Sardinia days after visiting another exclusive Italian beach
The pair were first linked earlier this year after being seen together at the Super Bowl and traveling to Zurich, InStyle reported
Bloom's July outings come a year after his split from Katy Perry, who is now dating former Canadian Prime Minister Justin Trudeau
Just when you thought Sardinia's waters couldn't get any warmer, Orlando Bloom and Luisa Laemmel show up.
On Wednesday, July 29, the Lord of the Rings actor, 49, was spotted on the beach with the Swiss model, 28, during a sun-soaked day in Sardinia, the Italian island located in the Mediterranean.
#bloom #luisa
The pair were first linked earlier this year after being seen together at the Super Bowl and traveling to Zurich, InStyle reported
Bloom's July outings come a year after his split from Katy Perry, who is now dating former Canadian Prime Minister Justin Trudeau
Just when you thought Sardinia's waters couldn't get any warmer, Orlando Bloom and Luisa Laemmel show up.
On Wednesday, July 29, the Lord of the Rings actor, 49, was spotted on the beach with the Swiss model, 28, during a sun-soaked day in Sardinia, the Italian island located in the Mediterranean.
#bloom #luisa
20 hours ago
Conservationists defending a historic tree standing in the way of President Donald Trump's border wall in Arizona began staging a "tree sit" on July 29 to keep contractors from tearing down the towering cottonwood.
The cottonwood is the last of four hardwood trees from a species that's believed to have stood alongside the U.S.-Mexico border in Lochiel, Arizona, for between 100 and 200 years. Department of Homeland Security contractors tore down the first of the three trees on July 27.
Conservationists in the area have rallied around the remaining tree, slamming Homeland Security for not picking an alternative route that does not involve cutting down the trees.
The cottonwoods have provided people a shady gathering place for generations, conservationists say. And for local wildlife, the trees are essential for the area's diverse and rare species, including potentially the few jaguars that range into the United States.
"Destroying these ancient cottonwoods is a death sentence for an entire ecosystem," said Russ McSpadden, a conservation advocate at the Center for Biological Diversity, a nonprofit founded in 1989 focused on protecting endangered species. "These magnificent cottonwoods survived centuries, nourishing wildlife through floods and drought, only to be bulldozed for the Trump administration's disastrous border wall."
#down
The cottonwood is the last of four hardwood trees from a species that's believed to have stood alongside the U.S.-Mexico border in Lochiel, Arizona, for between 100 and 200 years. Department of Homeland Security contractors tore down the first of the three trees on July 27.
Conservationists in the area have rallied around the remaining tree, slamming Homeland Security for not picking an alternative route that does not involve cutting down the trees.
The cottonwoods have provided people a shady gathering place for generations, conservationists say. And for local wildlife, the trees are essential for the area's diverse and rare species, including potentially the few jaguars that range into the United States.
"Destroying these ancient cottonwoods is a death sentence for an entire ecosystem," said Russ McSpadden, a conservation advocate at the Center for Biological Diversity, a nonprofit founded in 1989 focused on protecting endangered species. "These magnificent cottonwoods survived centuries, nourishing wildlife through floods and drought, only to be bulldozed for the Trump administration's disastrous border wall."
#down
23 hours ago
Jake Paul and Nakisa Bidarian are once again at the forefront of a major shift in the combat sports landscape.
The two industry partners, who co-founded Most Valuable Promotions (MVP) in 2021 and entered the MMA ******* e in 2026 with Netflix's record-breaking Ronda Rousey vs. Gina Carano fight, are principal actors in a merger between MVP and the promotion many regard to be MMA's No. 2, the Professional Fighters League (PFL). Both entities announced the news Thursday morning.
Under the terms of the merger, the PFL brand will eventually become MVP MMA after a brand migration that is expected to take place over the coming months.
The new joint company is set to be led by Paul and Bidarian, with current PFL CEO John Martin staying on as MVP MMA's new CEO and a board member. Bidarian is expected to continue overseeing MVP's boxing business, which currently boasts the most decorated collection of women's talent in boxing and a broadcast deal with ESPN. The merged company will be financially backed by 885 Capital and Knighthead Capital Management.
Said Bidarian in a statement Thursday morning:
#merger #expected #boxing
The two industry partners, who co-founded Most Valuable Promotions (MVP) in 2021 and entered the MMA ******* e in 2026 with Netflix's record-breaking Ronda Rousey vs. Gina Carano fight, are principal actors in a merger between MVP and the promotion many regard to be MMA's No. 2, the Professional Fighters League (PFL). Both entities announced the news Thursday morning.
Under the terms of the merger, the PFL brand will eventually become MVP MMA after a brand migration that is expected to take place over the coming months.
The new joint company is set to be led by Paul and Bidarian, with current PFL CEO John Martin staying on as MVP MMA's new CEO and a board member. Bidarian is expected to continue overseeing MVP's boxing business, which currently boasts the most decorated collection of women's talent in boxing and a broadcast deal with ESPN. The merged company will be financially backed by 885 Capital and Knighthead Capital Management.
Said Bidarian in a statement Thursday morning:
#merger #expected #boxing
24 hours ago
It's by far the biggest decision of the 2026 MLB trade deadline: Do the Detroit Tigers -- at 51-58 and six games out of first in the AL Central as of writing this -- keep ace Tarik Skubal for a possible playoff run or should they deal him given that free agency is looming and they could lose him for nothing?
We have a reported answer from ESPN's Jeff Passan on SportsCenter after Skubal may have made his last start in a Tigers uniform on Wednesday: Yup, it's happening.
"Yeah, Tarik Skubal is going to be traded," he said. "The Tigers haven't gone to teams that are interested in him and said as much at this point, but the expectation is that's going to happen in the next day or two."
He cited the fact that the Tigers haven't played so well as of late and that's a factor for the franchise. Here's more:
We'll see if this happens by the Aug. 3 trade deadline and what the Tigers can get for the biggest name on the market who could change a contender's fortunes.
#tarik #biggest #trade
We have a reported answer from ESPN's Jeff Passan on SportsCenter after Skubal may have made his last start in a Tigers uniform on Wednesday: Yup, it's happening.
"Yeah, Tarik Skubal is going to be traded," he said. "The Tigers haven't gone to teams that are interested in him and said as much at this point, but the expectation is that's going to happen in the next day or two."
He cited the fact that the Tigers haven't played so well as of late and that's a factor for the franchise. Here's more:
We'll see if this happens by the Aug. 3 trade deadline and what the Tigers can get for the biggest name on the market who could change a contender's fortunes.
#tarik #biggest #trade
1 day ago
Freight broker Landstar System said Tuesday that its larger scale and long track record of safety will become more attractive to shippers in a post-Montgomery world. The company saw a more material turnaround in operations during the second quarter even though results fell short of ****** ysts' expectations.
Revenue generated by Landstar's (NASDAQ: LSTR) business capacity owners (BCOs) increased 22% year over year to $563 million, as loads were up 10% and revenue per load was up 11%. Landstar's BCOs are owner-operators who haul almost exclusively for the company. Changes among this segment of capacity have historically signaled turns in the broader truckload market.
Trucks provided by BCOs increased 68 units sequentially to 8,544 units in the second quarter. This was the largest increase since the 2022 first quarter. The tractor count is up another 49 units so far in July. BCO turnover improved 310 bps y/y to 28.3% as utilization improved 12% y/y.
BCO revenue per mile—Landstar's preferred metric for TL pricing as it excludes fluctuations in diesel fuel prices—was up 11% y/y and 10% y/y on dry van and flatbed shipments, respectively.
Management sees this segment of capacity potentially growing faster following the Supreme Court's Montgomery v. Caribe Transport II ruling, which widened liability exposure for freight brokers found negligent in their driver hiring practices. The company said it is also having success courting small brokers looking to partner with brokers with better tech, vetting protocols and insurance programs.
#brokers
Revenue generated by Landstar's (NASDAQ: LSTR) business capacity owners (BCOs) increased 22% year over year to $563 million, as loads were up 10% and revenue per load was up 11%. Landstar's BCOs are owner-operators who haul almost exclusively for the company. Changes among this segment of capacity have historically signaled turns in the broader truckload market.
Trucks provided by BCOs increased 68 units sequentially to 8,544 units in the second quarter. This was the largest increase since the 2022 first quarter. The tractor count is up another 49 units so far in July. BCO turnover improved 310 bps y/y to 28.3% as utilization improved 12% y/y.
BCO revenue per mile—Landstar's preferred metric for TL pricing as it excludes fluctuations in diesel fuel prices—was up 11% y/y and 10% y/y on dry van and flatbed shipments, respectively.
Management sees this segment of capacity potentially growing faster following the Supreme Court's Montgomery v. Caribe Transport II ruling, which widened liability exposure for freight brokers found negligent in their driver hiring practices. The company said it is also having success courting small brokers looking to partner with brokers with better tech, vetting protocols and insurance programs.
#brokers
1 day ago
The long — very, very, very long — negotiations for Randal Kolo Muani are now a thing of the past, with Wednesday bringing the news that Juventus and Paris Saint-Germain had finally agreed to a deal for the 27-year-old Frenchman. It won't be too long before Kolo Muani is walking through the doors at J Medical again, undergoing his medicals and then shaking hands with Giovanni Carnevali and Luciano Spalletti.
The saga is officially a thing of the past.
For that fact let us be thankful.
But as we know, there's still a ton of work to be done on this roster by Carnevali and his new right-hand man Frederic Massara. We also know that Wednesday also brought news that Juventus have agreed to a deal with Bayer Leverkusen for Bosnian teenager Kerim Alajbegović, who is another move seemingly out of nowhere without nearly as much of a build-up as the Kolo Muani saga.
Carnevali and Massara still have plenty of work to do — maybe too much to count when you factor in there's still a lot of deadweight to try and clear from the roster before the summer window closes.
#massara #thing
The saga is officially a thing of the past.
For that fact let us be thankful.
But as we know, there's still a ton of work to be done on this roster by Carnevali and his new right-hand man Frederic Massara. We also know that Wednesday also brought news that Juventus have agreed to a deal with Bayer Leverkusen for Bosnian teenager Kerim Alajbegović, who is another move seemingly out of nowhere without nearly as much of a build-up as the Kolo Muani saga.
Carnevali and Massara still have plenty of work to do — maybe too much to count when you factor in there's still a lot of deadweight to try and clear from the roster before the summer window closes.
#massara #thing
1 day ago
Ipswich Town are reportedly interested in RC Strasbourg Alsace player Julio Enciso (22), according to information from Sky Sports.
Having previously played for the Tractor Boys, where he was on loan from Brighton & Hove Albion during the second half of the 2024–25 season (13 matches, two goals, three **** ists), the Paraguayan could now make a return to Portman Road, where Gary O'Neil, recently appointed as manager, is keen to secure his services after working alongside him in Alsace.
Since arriving in France last summer, Enciso has put in solid performances for Strasbourg, making 42 appearances and proving decisive on 21 occasions (12 goals, nine **** ists) across all competitions.
Also part of Paraguay's World Cup squad, the Caaguazú-born player played a major part in his national team's impressive run to the round of 16, notably helping to knock Germany out of the competition.
Under contract with RCSA until 2030, Enciso is currently valued at €25m by the specialist website Transfermarkt.
#goals
Having previously played for the Tractor Boys, where he was on loan from Brighton & Hove Albion during the second half of the 2024–25 season (13 matches, two goals, three **** ists), the Paraguayan could now make a return to Portman Road, where Gary O'Neil, recently appointed as manager, is keen to secure his services after working alongside him in Alsace.
Since arriving in France last summer, Enciso has put in solid performances for Strasbourg, making 42 appearances and proving decisive on 21 occasions (12 goals, nine **** ists) across all competitions.
Also part of Paraguay's World Cup squad, the Caaguazú-born player played a major part in his national team's impressive run to the round of 16, notably helping to knock Germany out of the competition.
Under contract with RCSA until 2030, Enciso is currently valued at €25m by the specialist website Transfermarkt.
#goals
1 day ago
Oil prices have just come off a fresh two-month high as the crude oil market has tumbled this week amid signals of de-escalation in the U.S.-Iran conflict.
Despite the slump in crude prices and the extreme volatility in the past five months, the refined product market continues to tighten with refining margins at record highs because the supply of petroleum products is much tighter than crude supply.
Refining margins held at record highs even as crude oil prices soared last week to $100 per barrel. That's because global gasoline, diesel, and jet fuel supply is tightening and has been tightening for months amid a combination of factors, most stemming from the wars in Iran and Ukraine.
While crude oil futures largely reflect market hopes and fears for prices ahead, the gasoline and diesel refining margins, supply, and prices reflect the real-time situation with refinery throughput, global fuel flows, and availability in various markets.
Record High Refining Margins
#crude #margins #record #Iran
Despite the slump in crude prices and the extreme volatility in the past five months, the refined product market continues to tighten with refining margins at record highs because the supply of petroleum products is much tighter than crude supply.
Refining margins held at record highs even as crude oil prices soared last week to $100 per barrel. That's because global gasoline, diesel, and jet fuel supply is tightening and has been tightening for months amid a combination of factors, most stemming from the wars in Iran and Ukraine.
While crude oil futures largely reflect market hopes and fears for prices ahead, the gasoline and diesel refining margins, supply, and prices reflect the real-time situation with refinery throughput, global fuel flows, and availability in various markets.
Record High Refining Margins
#crude #margins #record #Iran
1 day ago
Bangladesh Cricket Board (BCB) president Tamim Iqbal remains hopeful that India will travel to Bangladesh for the scheduled white-ball series in September 2026. The six-match series, comprising three ODIs and three T20Is, is still uncertain due to several factors. However, Tamim said discussions are underway with the Board of Control for Cricket in India (BCCI), and the Bangladesh board is making efforts to ensure the series takes place.
"Unfortunately, I don't have any news regarding the India series. I am in discussions with the BCCI and there's an exchange of emails happening between BCB members, and we are trying from all quarters," Tamim was quoted as saying by Cricbuzz.
"Bangladesh's series against India, the excitement is at a different level, I'm sure from journalists, from fans, cricketers, everyone," he said.
India last toured Bangladesh in 2022 for a two-match Test series, where they registered a 2-0 clean sweep.
The BCB president admitted that while he is working towards bringing India to Bangladesh, there are certain matters that are beyond his control.
"Bangladesh is an extremely safe country, and I am very hopeful that they will come. Whatever steps need to be taken from our side, we are trying," he added.
"I am the BCB president, and there is also a line that I should never cross. So from my position, whatever is possible to do within my responsibility, I am talking to people, I am trying to tell them what advantages there are with the India series and all those things," Tamim said.
"There are certain things that are beyond my control. The discussions I've had so far have been very positive discussions. They also have to make a decision. Very soon, perhaps, we will find out whether the series is happening or not. So we will know very soon," he added.
The proposed series comes at a time when cricket ties between India and Bangladesh have faced challenges.
India had decided against travelling to Bangladesh for the T20 World Cup due to security concerns during the previous government led by Muhammad Yunus. The decision had created uncertainty over future bilateral cricket engagements between the two nations.
However, recent geopolitical developments have renewed hopes that India's tour of Bangladesh could go ahead as scheduled.
#series
"Unfortunately, I don't have any news regarding the India series. I am in discussions with the BCCI and there's an exchange of emails happening between BCB members, and we are trying from all quarters," Tamim was quoted as saying by Cricbuzz.
"Bangladesh's series against India, the excitement is at a different level, I'm sure from journalists, from fans, cricketers, everyone," he said.
India last toured Bangladesh in 2022 for a two-match Test series, where they registered a 2-0 clean sweep.
The BCB president admitted that while he is working towards bringing India to Bangladesh, there are certain matters that are beyond his control.
"Bangladesh is an extremely safe country, and I am very hopeful that they will come. Whatever steps need to be taken from our side, we are trying," he added.
"I am the BCB president, and there is also a line that I should never cross. So from my position, whatever is possible to do within my responsibility, I am talking to people, I am trying to tell them what advantages there are with the India series and all those things," Tamim said.
"There are certain things that are beyond my control. The discussions I've had so far have been very positive discussions. They also have to make a decision. Very soon, perhaps, we will find out whether the series is happening or not. So we will know very soon," he added.
The proposed series comes at a time when cricket ties between India and Bangladesh have faced challenges.
India had decided against travelling to Bangladesh for the T20 World Cup due to security concerns during the previous government led by Muhammad Yunus. The decision had created uncertainty over future bilateral cricket engagements between the two nations.
However, recent geopolitical developments have renewed hopes that India's tour of Bangladesh could go ahead as scheduled.
#series
1 day ago
Argentina's President, Javier Milei, has slammed outside forces for spreading an 'anti-Argentina' campaign during the 2026 FIFA World Cup.
The 2026 World Cup has had its fair share of controversies, both on and off the field.
But the story of Lionel Messi's potentially final World Cup has been clouded by outside political factors, with the country's President slamming the anti-Argentina movements that sparked on social media over the course of the World Cup.
In an interview with local Radio Mitre, Milei slammed the 'anti-Argentina' campaign at the 2026 World Cup, alleging that 25% of it had been funded by the Brazilian government, with U.S. Democrats and Mexico also playing a role.
"Who put the most money into this anti-Argentina campaign? The Brazilian government. Twenty-five percent of the funding came from the Brazilian government. And then they lecture me about interference."
#campaign #slammed
The 2026 World Cup has had its fair share of controversies, both on and off the field.
But the story of Lionel Messi's potentially final World Cup has been clouded by outside political factors, with the country's President slamming the anti-Argentina movements that sparked on social media over the course of the World Cup.
In an interview with local Radio Mitre, Milei slammed the 'anti-Argentina' campaign at the 2026 World Cup, alleging that 25% of it had been funded by the Brazilian government, with U.S. Democrats and Mexico also playing a role.
"Who put the most money into this anti-Argentina campaign? The Brazilian government. Twenty-five percent of the funding came from the Brazilian government. And then they lecture me about interference."
#campaign #slammed
1 day 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.
Commercial production is ramping toward levels not seen since 2018, driven by fundamental improvements in factory health and successful Capstone reviews.
The FAA has authorized Boeing to resume issuing airworthiness certificates for all 737 MAX and 787 airplanes, reflecting a restoration of regulatory trust.
Strategic integration of Spirit AeroSystems is progressing with a focus on reducing quality defects at the source before fuselages reach final ******* embly.
Defense and ******* e performance is stabilizing through disciplined underwriting and selective bidding, despite a $280 million charge on the VC-25B program.
#capstone #strategic #defense
Commercial production is ramping toward levels not seen since 2018, driven by fundamental improvements in factory health and successful Capstone reviews.
The FAA has authorized Boeing to resume issuing airworthiness certificates for all 737 MAX and 787 airplanes, reflecting a restoration of regulatory trust.
Strategic integration of Spirit AeroSystems is progressing with a focus on reducing quality defects at the source before fuselages reach final ******* embly.
Defense and ******* e performance is stabilizing through disciplined underwriting and selective bidding, despite a $280 million charge on the VC-25B program.
#capstone #strategic #defense
1 day ago
As defending champions and with an experienced manager, ******* nal are favourites for the Premier League ******* le.
But a lengthy injury to a key starter could affect their ******* le chances.
The club have said defender William Saliba is set to miss an "extended period" after suffering a back injury while at the World Cup with France.
Saliba, 25, made 50 appearances in all competitions for ******* nal last season and his formidable partnership with team-mate Gabriel was a big factor in them conceding fewer goals than anyone else in the division.
Arsenal have a tricky start to the season, facing Aston Villa and Chelsea in two of their first three matches.
#arsenal #title #injury #World
But a lengthy injury to a key starter could affect their ******* le chances.
The club have said defender William Saliba is set to miss an "extended period" after suffering a back injury while at the World Cup with France.
Saliba, 25, made 50 appearances in all competitions for ******* nal last season and his formidable partnership with team-mate Gabriel was a big factor in them conceding fewer goals than anyone else in the division.
Arsenal have a tricky start to the season, facing Aston Villa and Chelsea in two of their first three matches.
#arsenal #title #injury #World
1 day ago
As a tractor driver cultivated a California grape vineyard in June 1978, he made a bleak discovery: a shallow grave.
The human remains unearthed in Arvin, a small farming city southeast of Bakersfield, California, remained unidentified for nearly 50 years. Now, thanks to advances in DNA technology, authorities have identified the victim as Michelle Louise Collier, 15, of Fresno, California, according to the Kern County Sheriff's Office.
"(Michelle) disappeared 48 years ago, and it was only recently that we knew where she was," Collier's older sister, Cynthia Dunbar, said during a July 28 news conference. "At least with this information, my family has some closure."
Kern County Sheriff's Office Detective Ashley Thompson called the identification "a significant milestone" but investigators are still seeking answers about how Collier died.
"Identifying Michelle is an important step, but the circumstances surrounding her death remain unknown," Thompson said at the news conference.
#michelle #office
The human remains unearthed in Arvin, a small farming city southeast of Bakersfield, California, remained unidentified for nearly 50 years. Now, thanks to advances in DNA technology, authorities have identified the victim as Michelle Louise Collier, 15, of Fresno, California, according to the Kern County Sheriff's Office.
"(Michelle) disappeared 48 years ago, and it was only recently that we knew where she was," Collier's older sister, Cynthia Dunbar, said during a July 28 news conference. "At least with this information, my family has some closure."
Kern County Sheriff's Office Detective Ashley Thompson called the identification "a significant milestone" but investigators are still seeking answers about how Collier died.
"Identifying Michelle is an important step, but the circumstances surrounding her death remain unknown," Thompson said at the news conference.
#michelle #office
1 day ago
Gary O'Neil's Ipswich Town lost their second pre-season friendly 2-1 against La Liga side Osasuna.
The Spanish side took the lead in the opening five minutes, through a rebounded effort from Miguel Auria.
Chuba Akpom, who joined Ipswich on a permanent deal from Ajax in May 2026, scored a second-half equaliser eight minutes after being substituted on.
However, a fantastic strike from Osasuna's Raul Moro ricocheted off the underside of the crossbar to gift the La Liga outfit a pre-season victory at the JobServe Community Stadium.
O'Neil has now failed to win both his opening two warm-up games after the Tractor Boys were held to a goalless draw against Cartagena, who play in the second-tier in Spain.
#season #minutes #gary
The Spanish side took the lead in the opening five minutes, through a rebounded effort from Miguel Auria.
Chuba Akpom, who joined Ipswich on a permanent deal from Ajax in May 2026, scored a second-half equaliser eight minutes after being substituted on.
However, a fantastic strike from Osasuna's Raul Moro ricocheted off the underside of the crossbar to gift the La Liga outfit a pre-season victory at the JobServe Community Stadium.
O'Neil has now failed to win both his opening two warm-up games after the Tractor Boys were held to a goalless draw against Cartagena, who play in the second-tier in Spain.
#season #minutes #gary
1 day ago
By Sanskriti Shekhar
July 28 (Reuters) - Royal Caribbean raised its annual profit forecast on Tuesday after beating quarterly estimates, sending its shares up 5%, even as it factored in a modest hit to bookings due to the travel disruptions caused by the Middle East conflict.
Geopolitical uncertainty linked to the U.S.-Iran conflict has made some travelers wary of booking cruises, hurting demand for certain itineraries and adding to fuel-cost pressures for operators.
Royal Caribbean said bookings for some sailings, including Mediterranean itineraries, have been modestly hit, primarily in the third quarter.
"When you include a cruise plus the airfare (to get to the ports), it's a little bit more costly (for American consumers)," CEO Jason Liberty said, adding travelers are either putting off their trips to next year or opting for the Caribbean instead of Europe.
#conflict #itineraries #shekhar #july
July 28 (Reuters) - Royal Caribbean raised its annual profit forecast on Tuesday after beating quarterly estimates, sending its shares up 5%, even as it factored in a modest hit to bookings due to the travel disruptions caused by the Middle East conflict.
Geopolitical uncertainty linked to the U.S.-Iran conflict has made some travelers wary of booking cruises, hurting demand for certain itineraries and adding to fuel-cost pressures for operators.
Royal Caribbean said bookings for some sailings, including Mediterranean itineraries, have been modestly hit, primarily in the third quarter.
"When you include a cruise plus the airfare (to get to the ports), it's a little bit more costly (for American consumers)," CEO Jason Liberty said, adding travelers are either putting off their trips to next year or opting for the Caribbean instead of Europe.
#conflict #itineraries #shekhar #july
1 day ago
Amkor Technology (AMKR) reported its second-quarter results on July 27. By almost every measure, the quarter was a record. Revenue reached $1.90 billion, up roughly 26% from a year earlier. The company beat the high end of its own guidance. Earnings of $0.70 a share came in far ahead of the $0.48 that ***** ysts expected. EBITDA of $400 million also comfortably beat the estimates. The growth came from computing and the automotive and industrial markets. Both of these achieved quarterly records on AI data center demand. Margins also widened for a clear reason. Over the past two quarters, average factory utilization climbed from the 50s into the 70s, with several platforms now even running at full capacity.
Despite such a strong performance, the stock fell 6.54% after the report. The reason was the outlook, not the quarter. Amkor guided third-quarter revenue to about $2 billion at the midpoint, just below Wall Street's $2.09 billion consensus. The outlook had another weak spot. Communications revenue is set to fall in the next quarter, with Android sales already down 20% due to memory supply constraints. The stock had more than doubled since late March, hitting a 52-week high of $96.68 on June 22. At that level, expectations were high enough that a soft guidance number was all it took.
Ahead of Microsoft Earnings, Here's What Barchart Data Says Comes Next for MSFT Stock
Nasdaq Futures Plunge as Chip Selloff Rages On, FOMC Meeting and Earnings on Tap
Broadcom Leads 3 AI Stocks Quietly Raising Their Dividends, One by 161%
#Stock
Despite such a strong performance, the stock fell 6.54% after the report. The reason was the outlook, not the quarter. Amkor guided third-quarter revenue to about $2 billion at the midpoint, just below Wall Street's $2.09 billion consensus. The outlook had another weak spot. Communications revenue is set to fall in the next quarter, with Android sales already down 20% due to memory supply constraints. The stock had more than doubled since late March, hitting a 52-week high of $96.68 on June 22. At that level, expectations were high enough that a soft guidance number was all it took.
Ahead of Microsoft Earnings, Here's What Barchart Data Says Comes Next for MSFT Stock
Nasdaq Futures Plunge as Chip Selloff Rages On, FOMC Meeting and Earnings on Tap
Broadcom Leads 3 AI Stocks Quietly Raising Their Dividends, One by 161%
#Stock
1 day ago
Those beginning to worry about the renewed chip stock rout may find comfort in the fact that the broader markets are holding up very well.
The Dow Jones Industrial Average (^DJI) is still trading near record highs and above all key moving averages, per Yahoo Finance AlphaSpace data. The S&P 500 (^GSPC) is holding above its 100-day and 200-day moving averages, but late last week it slipped below the 50-day.
A few factors are preventing the chip stock pullback from harming the broader market, according to Charles Schwab strategist Kevin Gordon. However, investors should be on the lookout for whether these trends reverse.
'You've got essentially two-thirds of S&P 500 companies that are trading above their 200-day moving average. That's relatively healthy and still consistent with the market that is more rotational in nature and not necessarily one that is correctional," Gordon said on Yahoo Finance's Opening Bid.
The equal-weighted index and cyclical stocks have all signaled a strong economy, he explained. "And when you do look at the reaction of the market to some of these earnings beats, most of the pressure and most of the underperformance has been concentrated in the tech sector. Outside of that, when you look at financials or industrials or consumer discretionary, the reaction in the market has actually been positive."
#holding
The Dow Jones Industrial Average (^DJI) is still trading near record highs and above all key moving averages, per Yahoo Finance AlphaSpace data. The S&P 500 (^GSPC) is holding above its 100-day and 200-day moving averages, but late last week it slipped below the 50-day.
A few factors are preventing the chip stock pullback from harming the broader market, according to Charles Schwab strategist Kevin Gordon. However, investors should be on the lookout for whether these trends reverse.
'You've got essentially two-thirds of S&P 500 companies that are trading above their 200-day moving average. That's relatively healthy and still consistent with the market that is more rotational in nature and not necessarily one that is correctional," Gordon said on Yahoo Finance's Opening Bid.
The equal-weighted index and cyclical stocks have all signaled a strong economy, he explained. "And when you do look at the reaction of the market to some of these earnings beats, most of the pressure and most of the underperformance has been concentrated in the tech sector. Outside of that, when you look at financials or industrials or consumer discretionary, the reaction in the market has actually been positive."
#holding
