22 hours ago
AMD and Intel compete for processor customers, but they have a common interest in making developers comfortable staying with x86. A September 2 GCC commit added initial support for their AI Compute Extensions, or ACE, bringing that shared strategy into a widely used compiler's development code.
For Advanced Micro Devices, Inc. (NASDAQ:AMD) and Intel Corporation (NASDAQ:INTC), the potential payoff is broader software adoption. The immediate event is much narrower: compiler infrastructure, followed by instruction-support commits. It is not evidence that compatible processors have shipped or that GCC 17 is a finished release.
The x86 Ecosystem Advisory Group's April whitepaper describes a common matrix-acceleration architecture shaped by both companies. Matrix multiplication is central to many AI workloads. A shared instruction interface could reduce the effort needed to target those operations across future processors.
That matters commercially because buyers consider the software work required to use hardware, alongside its price and performance. If developers can support both suppliers more easily, a processor purchase may depend more on execution and less on maintaining separate software paths.
For Advanced Micro Devices, Inc. (NASDAQ:AMD), the bull case is an easier route for compatible future CPUs into AI-related workloads. The risk is that a shared standard also improves the rival's appeal. Compiler support alone cannot demonstrate AMD's eventual performance advantage, customer adoption or incremental profit.
#Intel
For Advanced Micro Devices, Inc. (NASDAQ:AMD) and Intel Corporation (NASDAQ:INTC), the potential payoff is broader software adoption. The immediate event is much narrower: compiler infrastructure, followed by instruction-support commits. It is not evidence that compatible processors have shipped or that GCC 17 is a finished release.
The x86 Ecosystem Advisory Group's April whitepaper describes a common matrix-acceleration architecture shaped by both companies. Matrix multiplication is central to many AI workloads. A shared instruction interface could reduce the effort needed to target those operations across future processors.
That matters commercially because buyers consider the software work required to use hardware, alongside its price and performance. If developers can support both suppliers more easily, a processor purchase may depend more on execution and less on maintaining separate software paths.
For Advanced Micro Devices, Inc. (NASDAQ:AMD), the bull case is an easier route for compatible future CPUs into AI-related workloads. The risk is that a shared standard also improves the rival's appeal. Compiler support alone cannot demonstrate AMD's eventual performance advantage, customer adoption or incremental profit.
#Intel
1 day ago
On August 4, Willis Lease Finance Corporation (NASDAQ:WLFC) reported second-quarter results that pulled in two directions at once. The lessor of commercial aircraft engines grew its operating business at a healthy clip, yet net income fell by more than half, a split that makes this quarter harder to read than the headline suggests.
Income from operations climbed 20.2% to $34.0 million in the quarter ended June 30, 2026, and the engine underneath that number is lease rent revenue, which rose 6.7% to $77.1 million as the average size of Willis Lease's portfolio expanded from a year earlier. Over the first six months of 2026, lease rent revenue is up 10.4% to $154.5 million, a steadier pace than the quarterly figure alone implies.
The company's trading business added to that. Willis Lease booked a $32.0 million gain on the sale of leased equipment, up 16.2%, after selling 21 engines and other parts and equipment during the quarter, compared with 14 engines and two airframes a year earlier. That kind of turnover matters for a leasing company, since selling ****** ets at a gain confirms that engine values in the market are holding up.
The bigger story sits in how Willis Lease is expanding beyond its own balance sheet. ****** ets under management, which folds in the company's on-balance-sheet fleet along with its Willis Aviation Capital business, grew 21% year over year to $4.4 billion. CEO Austin C. Willis tied that growth directly to building out Willis Aviation Capital, and the fee income backs that up: management and advisory fees jumped 113.4% to $5.5 million in the quarter and 194.9% to $13.4 million over six months. Two new investment fund partnerships, one with Liberty Mutual Investments that began operating in March 2026 and one with Blackstone Credit & Insurance that started in April 2026, are the mechanics behind that shift toward managing other people's capital rather than only deploying its own.
Net income attributable to common shareholders fell 51.2% to $28.7 million, and diluted earnings per share dropped from $2.81 to $1.31. Some of that gap traces to a tough comparison rather than a weaker quarter, since the second quarter of 2025 included a $43.0 million gain from the sale of the BAML business that had no counterpart this year. Willis Lease also recognized a $5.4 million loss on debt extinguishment in the quarter, and $12.4 million over six months, a cost tied to refinancing that simply was not there in 2025.
#lease #capital #months
Income from operations climbed 20.2% to $34.0 million in the quarter ended June 30, 2026, and the engine underneath that number is lease rent revenue, which rose 6.7% to $77.1 million as the average size of Willis Lease's portfolio expanded from a year earlier. Over the first six months of 2026, lease rent revenue is up 10.4% to $154.5 million, a steadier pace than the quarterly figure alone implies.
The company's trading business added to that. Willis Lease booked a $32.0 million gain on the sale of leased equipment, up 16.2%, after selling 21 engines and other parts and equipment during the quarter, compared with 14 engines and two airframes a year earlier. That kind of turnover matters for a leasing company, since selling ****** ets at a gain confirms that engine values in the market are holding up.
The bigger story sits in how Willis Lease is expanding beyond its own balance sheet. ****** ets under management, which folds in the company's on-balance-sheet fleet along with its Willis Aviation Capital business, grew 21% year over year to $4.4 billion. CEO Austin C. Willis tied that growth directly to building out Willis Aviation Capital, and the fee income backs that up: management and advisory fees jumped 113.4% to $5.5 million in the quarter and 194.9% to $13.4 million over six months. Two new investment fund partnerships, one with Liberty Mutual Investments that began operating in March 2026 and one with Blackstone Credit & Insurance that started in April 2026, are the mechanics behind that shift toward managing other people's capital rather than only deploying its own.
Net income attributable to common shareholders fell 51.2% to $28.7 million, and diluted earnings per share dropped from $2.81 to $1.31. Some of that gap traces to a tough comparison rather than a weaker quarter, since the second quarter of 2025 included a $43.0 million gain from the sale of the BAML business that had no counterpart this year. Willis Lease also recognized a $5.4 million loss on debt extinguishment in the quarter, and $12.4 million over six months, a cost tied to refinancing that simply was not there in 2025.
#lease #capital #months
1 day ago
HONG KONG, Sept 14 (Reuters) - The Himalayas are approaching a tipping point as glaciers melt faster than a decade ago, threatening water security as the region approaches "peak water" by mid-century, according to a study released this month.
The findings come after the collapse of a Himalayan glacier in late August along the Nepal-Tibet border, which caused cascading landslides and flash floods in the valleys below. At least 1,300 people have been confirmed dead and more than 5,300 are missing across Nepal and China's Tibet region.
As glaciers retreat, they are leaving behind unstable glacial lakes held back by little more than loose rock and ice, above valleys where millions of people live, the study found.
The study was produced by Systemiq, a sustainability advisory firm, together with the Integrated Mountain Initiative, the International Centre for Integrated Mountain Development, and India's G.B. Pant National Institute of Himalayan Environment.
Himalayan glacier mass loss had accelerated in recent decades, while only 21 glaciers were currently monitored on the ground out of an estimated 40,000 glaciers across the Hindu Kush-Himalaya region, a vast mountain system spanning eight countries from Afghanistan to Myanmar, the study found.
#mountain #region #nepal
The findings come after the collapse of a Himalayan glacier in late August along the Nepal-Tibet border, which caused cascading landslides and flash floods in the valleys below. At least 1,300 people have been confirmed dead and more than 5,300 are missing across Nepal and China's Tibet region.
As glaciers retreat, they are leaving behind unstable glacial lakes held back by little more than loose rock and ice, above valleys where millions of people live, the study found.
The study was produced by Systemiq, a sustainability advisory firm, together with the Integrated Mountain Initiative, the International Centre for Integrated Mountain Development, and India's G.B. Pant National Institute of Himalayan Environment.
Himalayan glacier mass loss had accelerated in recent decades, while only 21 glaciers were currently monitored on the ground out of an estimated 40,000 glaciers across the Hindu Kush-Himalaya region, a vast mountain system spanning eight countries from Afghanistan to Myanmar, the study found.
#mountain #region #nepal
4 days ago
In 2024, Catalent tapped direct lenders for a $4.2 billion term loan to fund its acquisition by Novo Holdings. Last month, the drug manufacturer refinanced with a $4.1 billion syndicated loan that it says will cut its annual interest expense by about $100 million.
Catalent's move captures a shift under way in the leveraged finance market, according to a new report from DC Advisory. Redemptions from retail investors are contributing to the erosion of private credit's pricing advantage, creating an opening for banks to win refinancing business.
The problems in the retail private credit market show few signs of abating.
All the largest direct lenders, such as Ares, Apollo and KKR, also run business development companies, the most common form of credit fund aimed at individual investors, all under varying degrees of pressure to redeem investors.
PitchBook LCD reported on Wednesday that investors in Cliffwater's direct lending interval fund sought to redeem 16% of shares outstanding in the third quarter, down from 17% in the prior quarter.
#billion #private
Catalent's move captures a shift under way in the leveraged finance market, according to a new report from DC Advisory. Redemptions from retail investors are contributing to the erosion of private credit's pricing advantage, creating an opening for banks to win refinancing business.
The problems in the retail private credit market show few signs of abating.
All the largest direct lenders, such as Ares, Apollo and KKR, also run business development companies, the most common form of credit fund aimed at individual investors, all under varying degrees of pressure to redeem investors.
PitchBook LCD reported on Wednesday that investors in Cliffwater's direct lending interval fund sought to redeem 16% of shares outstanding in the third quarter, down from 17% in the prior quarter.
#billion #private
4 days ago
Conagra Brands, Inc. (NYSE:CAG) faces a governance test alongside its turnaround. Reuters reported on September 7 that Institutional Shareholder Services, or ISS, recommended opposing executive compensation, citing weak financial performance and inadequately explained incentive targets.
The September 23 non-binding advisory vote covers fiscal 2026 named-executive compensation. It does not separately approve new CEO John Brase's package. Brase succeeded Sean Connolly on June 1, after fiscal 2026 ended, separating his compensation arrangements from the prior year's pay decisions.
The proxy lists Brase's annual base salary at $1.15 million, his annual incentive target at 150% of eligible salary, and annual long-term incentives of $7.3 million, split 60% into performance shares and 40% into restricted stock units. Incentive opportunities are not guaranteed realized pay.
Conagra Brands, Inc. (NYSE:CAG) needs executives willing to work through changes whose benefits may take several years to appear. Brase's priorities include restoring margins, investing in brands and the supply chain, simplifying operations, and rebalancing capital allocation.
A mix of performance awards and service-based equity can support that effort. Performance shares link rewards to results, while restricted units help retain leaders through disruption. Retention has value if it allows management to complete difficult changes instead of optimizing the next quarterly result.
#performance
The September 23 non-binding advisory vote covers fiscal 2026 named-executive compensation. It does not separately approve new CEO John Brase's package. Brase succeeded Sean Connolly on June 1, after fiscal 2026 ended, separating his compensation arrangements from the prior year's pay decisions.
The proxy lists Brase's annual base salary at $1.15 million, his annual incentive target at 150% of eligible salary, and annual long-term incentives of $7.3 million, split 60% into performance shares and 40% into restricted stock units. Incentive opportunities are not guaranteed realized pay.
Conagra Brands, Inc. (NYSE:CAG) needs executives willing to work through changes whose benefits may take several years to appear. Brase's priorities include restoring margins, investing in brands and the supply chain, simplifying operations, and rebalancing capital allocation.
A mix of performance awards and service-based equity can support that effort. Performance shares link rewards to results, while restricted units help retain leaders through disruption. Retention has value if it allows management to complete difficult changes instead of optimizing the next quarterly result.
#performance
5 days ago
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Edelman Financial Engines is extending its retirement plan advisory and fiduciary capabilities to the small and mid-sized business market. While the firm has long served business owners through its workplace and wealth businesses, this service focuses on helping smaller business owners offer and manage retirement plans for their employees.
The firm has partnered with ADP for payroll, human capital management and retirement services. Edelman's will provide investment management, 3(38) investment management, plan consulting and personalized financial advice to plan participants. That includes providing one-on-one discretionary advisory services for individual employees.
Employees also gain unlimited access to Edelman's phone-based licensed advisors, who average 10 years of industry tenure, along with on-demand digital planning tools.
"EFE financial wellness and advisory services have been available to employees in eligible workplace retirement plans through the ADP platform since 2018," said Chris Magno, senior vice president and general manager of ADP Retirement Services, in a statement. "The new service expands that relationship by delivering a more comprehensive retirement solution purpose-built for small and mid-sized businesses, offered in combination with the full-service recordkeeping, payroll integration and plan administration capabilities of ADP."
#Services #management #wealthmanagement
Edelman Financial Engines is extending its retirement plan advisory and fiduciary capabilities to the small and mid-sized business market. While the firm has long served business owners through its workplace and wealth businesses, this service focuses on helping smaller business owners offer and manage retirement plans for their employees.
The firm has partnered with ADP for payroll, human capital management and retirement services. Edelman's will provide investment management, 3(38) investment management, plan consulting and personalized financial advice to plan participants. That includes providing one-on-one discretionary advisory services for individual employees.
Employees also gain unlimited access to Edelman's phone-based licensed advisors, who average 10 years of industry tenure, along with on-demand digital planning tools.
"EFE financial wellness and advisory services have been available to employees in eligible workplace retirement plans through the ADP platform since 2018," said Chris Magno, senior vice president and general manager of ADP Retirement Services, in a statement. "The new service expands that relationship by delivering a more comprehensive retirement solution purpose-built for small and mid-sized businesses, offered in combination with the full-service recordkeeping, payroll integration and plan administration capabilities of ADP."
#Services #management #wealthmanagement
5 days ago
Crowe UK, an audit, tax, advisory and consulting practice, has welcomed 96 trainees as part of its 2026 intake.
The recruits will be based in Cheltenham, Kent, Manchester, London, the Midlands and the Thames Valley.
They will join teams covering tax, corporate audit, business advisory and accounting, social purpose and non-profit audit, and financial reporting.
According to a statement, the trainees will complete an induction programme during their first weeks at the company.
The induction programme is designed to introduce the new employees to Crowe's culture, values and working practices. It will also help the new starters connect with colleagues across the business.
#business #programme #cheltenham
The recruits will be based in Cheltenham, Kent, Manchester, London, the Midlands and the Thames Valley.
They will join teams covering tax, corporate audit, business advisory and accounting, social purpose and non-profit audit, and financial reporting.
According to a statement, the trainees will complete an induction programme during their first weeks at the company.
The induction programme is designed to introduce the new employees to Crowe's culture, values and working practices. It will also help the new starters connect with colleagues across the business.
#business #programme #cheltenham
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8 days ago
CNBC and Reuters reported that The Gap, Inc. (NYSE:GAP) named retail veteran Michael Francis as president and CEO of Old Navy, effective November 2, succeeding Haio Barbeito, who will move into an advisory role.
The announcement came alongside second-quarter results showing Old Navy net sales fell 4% year over year to $2.1 billion, with comparable sales down 4% versus ******* ysts' expected 2.4% decline, marking the brand's first negative comp in 12 quarters. Old Navy contributes nearly 60% of Gap's total revenue. CEO Richard ******* son attributed the miss partly to summer marketing that "lacked a direct product message" but said the brand has already seen "significant improvement" in traffic and sales over the past month. Gap's namesake brand posted 10% comparable sales growth in the same quarter, and Gap shares jumped as much as 14% after the report.
Northfoto / Shutterstock.com
Overall profitability far exceeded what the sales headline suggests since operating income more than doubled to $676 million from $292 million a year earlier, while net income more than doubled to $501 million from $216 million. These results show that Gap can significantly improve earnings even while Old Navy struggles.
The turnaround playbook is clearly working where it has been fully applied. The Gap, Inc. (NYSE:GAP)'s namesake brand delivered double-digit comparable sales growth this quarter. It shows that CEO ******* son's broader strategy can succeed decisively when executed well, which strengthens confidence that it can eventually be applied successfully to fix Old Navy too.
#sales #million #quarter #NYSE
The announcement came alongside second-quarter results showing Old Navy net sales fell 4% year over year to $2.1 billion, with comparable sales down 4% versus ******* ysts' expected 2.4% decline, marking the brand's first negative comp in 12 quarters. Old Navy contributes nearly 60% of Gap's total revenue. CEO Richard ******* son attributed the miss partly to summer marketing that "lacked a direct product message" but said the brand has already seen "significant improvement" in traffic and sales over the past month. Gap's namesake brand posted 10% comparable sales growth in the same quarter, and Gap shares jumped as much as 14% after the report.
Northfoto / Shutterstock.com
Overall profitability far exceeded what the sales headline suggests since operating income more than doubled to $676 million from $292 million a year earlier, while net income more than doubled to $501 million from $216 million. These results show that Gap can significantly improve earnings even while Old Navy struggles.
The turnaround playbook is clearly working where it has been fully applied. The Gap, Inc. (NYSE:GAP)'s namesake brand delivered double-digit comparable sales growth this quarter. It shows that CEO ******* son's broader strategy can succeed decisively when executed well, which strengthens confidence that it can eventually be applied successfully to fix Old Navy too.
#sales #million #quarter #NYSE
8 days ago
On August 4, Voya Financial (NYSE:VOYA) announced its second-quarter 2026 results, and the headline numbers tell an uncomfortable story. Net income available to common shareholders dropped to $90 million, or $0.97 per diluted share, down from $162 million and $1.66 a year earlier. Adjusted operating earnings fell just as sharply, to $140 million from $240 million. Yet look past the income statement and Voya's underlying businesses were adding client ******* ets, growing fee income, and returning cash to shareholders at a steady pace.
Voya's Retirement business crossed 10 million participant accounts during the quarter, a milestone that arrived alongside the completed integration of OneAmerica. Total client ******* ets in that segment reached $863 billion as of June 30, up 14% from $757 billion a year earlier, and fee-based revenues climbed 10% year over year. Investment Management told a similar story. Pre-tax adjusted operating earnings there rose 12% to $57 million, helped by $1.2 billion of net inflows during the quarter that pushed ******* ets under management to $377 billion, up from $360 billion a year ago.
Assets under advisory grew even faster, reaching $63 billion from $54 billion. Margins widened too, up 100 basis points on a trailing twelve-month basis to 29.0%. Employee Benefits, often the company's most volatile segment, showed real underwriting progress: the total aggregate loss ratio improved to 74% from 79% a year earlier, lifting its trailing twelve-month margin to 11.0% from just 3.7%. None of that came at the expense of shareholders. Voya generated roughly $150 million of excess capital in the quarter, more than fully converting its adjusted operating earnings into deployable cash, and returned about $200 million through dividends and buybacks, with $263 million still authorized for future repurchases.
The drop in profitability traces to specific, identifiable costs. Corporate reported pre-tax adjusted operating losses of $102 million, up from $67 million a year earlier, largely because of roughly $40 million in severance tied to efficiency actions. A $15 million pre-tax loss on alternative investments added further pressure. Those same alternative investment declines hit Retirement directly: pre-tax adjusted operating earnings there fell to $190 million from $235 million, even as fee revenue grew, because lower alternative investment income and planned strategic investment spending offset the gains. Employee Benefits saw the sharpest swing, with pre-tax adjusted operating earnings falling to $22 million from $69 million.
#year #earnings #assets #voya
Voya's Retirement business crossed 10 million participant accounts during the quarter, a milestone that arrived alongside the completed integration of OneAmerica. Total client ******* ets in that segment reached $863 billion as of June 30, up 14% from $757 billion a year earlier, and fee-based revenues climbed 10% year over year. Investment Management told a similar story. Pre-tax adjusted operating earnings there rose 12% to $57 million, helped by $1.2 billion of net inflows during the quarter that pushed ******* ets under management to $377 billion, up from $360 billion a year ago.
Assets under advisory grew even faster, reaching $63 billion from $54 billion. Margins widened too, up 100 basis points on a trailing twelve-month basis to 29.0%. Employee Benefits, often the company's most volatile segment, showed real underwriting progress: the total aggregate loss ratio improved to 74% from 79% a year earlier, lifting its trailing twelve-month margin to 11.0% from just 3.7%. None of that came at the expense of shareholders. Voya generated roughly $150 million of excess capital in the quarter, more than fully converting its adjusted operating earnings into deployable cash, and returned about $200 million through dividends and buybacks, with $263 million still authorized for future repurchases.
The drop in profitability traces to specific, identifiable costs. Corporate reported pre-tax adjusted operating losses of $102 million, up from $67 million a year earlier, largely because of roughly $40 million in severance tied to efficiency actions. A $15 million pre-tax loss on alternative investments added further pressure. Those same alternative investment declines hit Retirement directly: pre-tax adjusted operating earnings there fell to $190 million from $235 million, even as fee revenue grew, because lower alternative investment income and planned strategic investment spending offset the gains. Employee Benefits saw the sharpest swing, with pre-tax adjusted operating earnings falling to $22 million from $69 million.
#year #earnings #assets #voya
11 days ago
On August 4, Hamilton Lane (NASDAQ:HLNE) posted a first fiscal quarter that showed just how far the private markets manager has scaled. Revenue jumped 56% year over year to $275.3 million, fee-related earnings climbed 49% to $124.5 million, and the firm's total ******* et footprint pushed past $1.1 trillion. That kind of quarter would normally be the whole story. Instead, it came wrapped around three separate balance sheet payouts and a candid admission that client flows have gotten choppier than the headline numbers suggest.
Hamilton Lane's specialized funds are doing the heavy lifting. Fee-earning ******* ets under management in that category grew 25% year over year to $42.6 billion, and that mix shift toward higher-fee products pushed the blended fee rate up to 69 basis points. Management and advisory fees rose 21% to $161.4 million, and FRE margin expanded to 53% from 51% a year earlier, a sign the extra revenue is reaching the bottom line rather than getting absorbed by costs.
The Evergreen platform, Hamilton Lane's semi-liquid product line built for individual and smaller institutional investors, generated $640 million of net inflows and ended the quarter with $19 billion in ******* ets. Ten of twelve funds took in net new money, and none of them needed to gate redemptions even as the broader alternatives industry has wrestled with liquidity questions. The company also added six senior Evergreen sales professionals poached from Fidelity, BlackRock, PIMCO, JPMorgan, Morgan Stanley and Monroe Capital, and just landed its multi-strategy equity fund on a third wirehouse platform.
Fundraising on the closed-end side was equally strong. The sixth direct equity fund closed at $3.8 billion combined, 57% larger than its predecessor, while the seventh secondary fund and second venture fund each held first closes, at $1.3 billion and $370 million. On top of that, Hamilton Lane is set to book roughly $33 million in combined gains from monetizing its stakes in Russell Investments and Canoe, on top of a newly public stake in Securitize.
Not every part of the story is clean. Hamilton Lane's non-US multi-strategy equity fund swung to net outflows for the quarter, and management pointed to a broader hesitancy taking hold. Co-CEO Erik Hirsch acknowledged "a slowdown in flows on certain products and the general hesitancy with investors," a rare moment of candor from a company that otherwise leaned on strong numbers.
#fund #lane
Hamilton Lane's specialized funds are doing the heavy lifting. Fee-earning ******* ets under management in that category grew 25% year over year to $42.6 billion, and that mix shift toward higher-fee products pushed the blended fee rate up to 69 basis points. Management and advisory fees rose 21% to $161.4 million, and FRE margin expanded to 53% from 51% a year earlier, a sign the extra revenue is reaching the bottom line rather than getting absorbed by costs.
The Evergreen platform, Hamilton Lane's semi-liquid product line built for individual and smaller institutional investors, generated $640 million of net inflows and ended the quarter with $19 billion in ******* ets. Ten of twelve funds took in net new money, and none of them needed to gate redemptions even as the broader alternatives industry has wrestled with liquidity questions. The company also added six senior Evergreen sales professionals poached from Fidelity, BlackRock, PIMCO, JPMorgan, Morgan Stanley and Monroe Capital, and just landed its multi-strategy equity fund on a third wirehouse platform.
Fundraising on the closed-end side was equally strong. The sixth direct equity fund closed at $3.8 billion combined, 57% larger than its predecessor, while the seventh secondary fund and second venture fund each held first closes, at $1.3 billion and $370 million. On top of that, Hamilton Lane is set to book roughly $33 million in combined gains from monetizing its stakes in Russell Investments and Canoe, on top of a newly public stake in Securitize.
Not every part of the story is clean. Hamilton Lane's non-US multi-strategy equity fund swung to net outflows for the quarter, and management pointed to a broader hesitancy taking hold. Co-CEO Erik Hirsch acknowledged "a slowdown in flows on certain products and the general hesitancy with investors," a rare moment of candor from a company that otherwise leaned on strong numbers.
#fund #lane
11 days ago
Soluna Holdings reported second-quarter revenue of $15.1 million, up 145% year over year. That headline needs an important qualification. A change in accounting presentation moved roughly $4.4 million of pass-through electricity costs from a net presentation to both revenue and cost of revenue, without changing profit or loss. Excluding that change, revenue grew 73% year over year and 13% sequentially. Soluna Holdings, Inc. (NASDAQ:SLNH) therefore delivered substantial growth, but not all of the reported increase reflected new economic activity.
The quarter also should not be treated as proof that the AI pivot is already producing revenue. Project Dorothy 1A generated $2.9 million of revenue, up 31% sequentially, and $795,000 of gross profit at a 28% margin, but that improvement came from Bitcoin-mining customers, including Blockware and Canaan. Management said Bitcoin-miner hosting remains its largest business today. The AI and high-performance-computing opportunity is prospective. That distinction matters because AI leases can carry different capital needs, construction schedules, and customer requirements from cryptocurrency hosting.
That opportunity is nevertheless large. As of August 1, Soluna reported a roughly 6.3-gigawatt overall pipeline, including more than 1.6 gigawatts of AI data-center capacity in development. It said Hedy, Ellen, and Fei were advancing under term sheets toward a combined 583 megawatts designated for AI and HPC. The 583-megawatt figure describes their combined planned capacity, not entirely new capacity. Based on the project updates, their capacities rose by 243 megawatts in aggregate, from 340 to 583 megawatts.
A pipeline is not contracted revenue. Projects still require land, permits, interconnection, financing, equipment, and tenants before generating cash. Soluna Holdings, Inc. (NASDAQ:SLNH) remains a small company pursuing capital-intensive facilities, so delays or unfavorable funding could overwhelm operating progress. AI customers may also demand stronger balance sheets and long construction guarantees, while rapid share issuance could dilute per-share gains.
Hedge-fund interest increased but remained limited. Insider Monkey counted nine hedge funds holding the shares in Q2, up from six in Q1. Separately, Vident Advisory, an institutional investment adviser rather than a hedge fund, expanded its reported position by 7,772% to 5,227,200 shares. The percentage is dramatic because its prior position was small and should not be mistaken for broad sponsorship.
#soluna #holdings #NASDAQ
The quarter also should not be treated as proof that the AI pivot is already producing revenue. Project Dorothy 1A generated $2.9 million of revenue, up 31% sequentially, and $795,000 of gross profit at a 28% margin, but that improvement came from Bitcoin-mining customers, including Blockware and Canaan. Management said Bitcoin-miner hosting remains its largest business today. The AI and high-performance-computing opportunity is prospective. That distinction matters because AI leases can carry different capital needs, construction schedules, and customer requirements from cryptocurrency hosting.
That opportunity is nevertheless large. As of August 1, Soluna reported a roughly 6.3-gigawatt overall pipeline, including more than 1.6 gigawatts of AI data-center capacity in development. It said Hedy, Ellen, and Fei were advancing under term sheets toward a combined 583 megawatts designated for AI and HPC. The 583-megawatt figure describes their combined planned capacity, not entirely new capacity. Based on the project updates, their capacities rose by 243 megawatts in aggregate, from 340 to 583 megawatts.
A pipeline is not contracted revenue. Projects still require land, permits, interconnection, financing, equipment, and tenants before generating cash. Soluna Holdings, Inc. (NASDAQ:SLNH) remains a small company pursuing capital-intensive facilities, so delays or unfavorable funding could overwhelm operating progress. AI customers may also demand stronger balance sheets and long construction guarantees, while rapid share issuance could dilute per-share gains.
Hedge-fund interest increased but remained limited. Insider Monkey counted nine hedge funds holding the shares in Q2, up from six in Q1. Separately, Vident Advisory, an institutional investment adviser rather than a hedge fund, expanded its reported position by 7,772% to 5,227,200 shares. The percentage is dramatic because its prior position was small and should not be mistaken for broad sponsorship.
#soluna #holdings #NASDAQ
11 days ago
WestEnd Capital Management, an investment advisor, released its Q2 2026 investor letter. The letter can be downloaded here. WestEnd Capital Management's Core Strategy achieved a 16.3% net return in the quarter, surpassing the S&P 500's 15.0%. This performance stemmed from strong earnings generators and upward earnings revisions, showcasing U.S. companies' efficiency in converting sales into profits. S&P 500 net profit margins reached a decade-high of 14.8% in Q1 and are expected to remain above 14% in Q2 despite challenges like higher interest rates and geopolitical uncertainty. Technology remains a key focus in WestEnd's portfolio, along with investments in infrastructure, demographic shifts, financial innovation, and selective consumer opportunities. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, WestEnd Capital Management highlighted Robinhood Markets, Inc. (NASDAQ:HOOD). Robinhood Markets, Inc. (NASDAQ:HOOD) is a US-based financial services company that provides a trading platform for stocks, exchange-traded funds, American depository receipts, options, gold, and cryptocurrencies. On September 02, 2026, Robinhood Markets, Inc. closed at $106.99 per share. Robinhood Markets, Inc. returned 34.83% over the past month, and its shares have gained 18.84% over the past 52 weeks. Robinhood Markets, Inc. has a market capitalization of $96.19 billion.
WestEnd Capital Management stated the following regarding Robinhood Markets, Inc. (NASDAQ:HOOD) in its Q2 2026 investor letter:
Robinhood Markets, Inc. (NASDAQ:HOOD) has evolved well beyond the online brokerage platform many investors still ****** ociate with its early years. The company is building a broader financial services ecosystem that includes brokerage and retirement accounts, cash management, securities lending, advisory services, credit products, prediction markets, and international operations.
But its primary advantage is the strength of its customer relationship. Robinhood has built a large, highly engaged user base and can introduce new products through a single digital platform with relatively low incremental distribution costs. As customers consolidate more of their financial activity with the company, Robinhood can generate higher revenue per account and develop recurring revenue streams that extend beyond transaction-based trading..." (Click here to read the full text)
#robinhood #hood #financial
In its second-quarter 2026 investor letter, WestEnd Capital Management highlighted Robinhood Markets, Inc. (NASDAQ:HOOD). Robinhood Markets, Inc. (NASDAQ:HOOD) is a US-based financial services company that provides a trading platform for stocks, exchange-traded funds, American depository receipts, options, gold, and cryptocurrencies. On September 02, 2026, Robinhood Markets, Inc. closed at $106.99 per share. Robinhood Markets, Inc. returned 34.83% over the past month, and its shares have gained 18.84% over the past 52 weeks. Robinhood Markets, Inc. has a market capitalization of $96.19 billion.
WestEnd Capital Management stated the following regarding Robinhood Markets, Inc. (NASDAQ:HOOD) in its Q2 2026 investor letter:
Robinhood Markets, Inc. (NASDAQ:HOOD) has evolved well beyond the online brokerage platform many investors still ****** ociate with its early years. The company is building a broader financial services ecosystem that includes brokerage and retirement accounts, cash management, securities lending, advisory services, credit products, prediction markets, and international operations.
But its primary advantage is the strength of its customer relationship. Robinhood has built a large, highly engaged user base and can introduce new products through a single digital platform with relatively low incremental distribution costs. As customers consolidate more of their financial activity with the company, Robinhood can generate higher revenue per account and develop recurring revenue streams that extend beyond transaction-based trading..." (Click here to read the full text)
#robinhood #hood #financial
11 days ago
Johnston Carmichael, a UK-based independent accountancy and business advisory business, has bolstered its leadership team with four new appointments.
Tamsyn Weston joined the company as chief technology officer in Edinburgh. She will lead the company strategy across IT, cybersecurity, digital development, AI and automation.
Weston has more than 20 years of experience in technology, transformation and cybersecurity roles in regulated environments. Her role will focus in part on the responsible use of emerging technology to support the company's growth.
In Glasgow, Deborah Ramsay has joined as an audit partner.
Ramsay is a chartered accountant and has held Responsible Individual status since 2020. She brings more than 20 years of audit experience, including a background at a 'Big Four' company.
#ramsay #business
Tamsyn Weston joined the company as chief technology officer in Edinburgh. She will lead the company strategy across IT, cybersecurity, digital development, AI and automation.
Weston has more than 20 years of experience in technology, transformation and cybersecurity roles in regulated environments. Her role will focus in part on the responsible use of emerging technology to support the company's growth.
In Glasgow, Deborah Ramsay has joined as an audit partner.
Ramsay is a chartered accountant and has held Responsible Individual status since 2020. She brings more than 20 years of audit experience, including a background at a 'Big Four' company.
#ramsay #business
11 days ago
The Southeast is dealing with a brutal heatwave this week, with temperatures reaching the upper 90s and heat indexes in the triple digits. The good news for Auburn football fans is that the heat will not be a major factor in Saturday's Week 1 matchup between the Tigers and Baylor Bears.
Auburn football opens the 2026 season against the Baylor Bears on Saturday afternoon in Atlanta, Georgia, where the temperature is expected to reach 97 degrees, with a "real feel" of 107 degrees, according to AccuWeather. However, the game will be played indoors at Mercedes-Benz Stadium, giving fans a more comfortable setting as they watch the Tigers battle the Bears to open the Alex Golesh era.
Fans partaking in pregame tailgating outside the stadium will face the heat, however. The heat advisory issued by the National Weather Service for Atlanta will remain in effect until Saturday at 7 p.m. CT. Because of this, morning temperatures for outdoor tailgates will rise into the low 90s with very little wind.
The temperature will then jump to 97 degrees during the game and will sink to a low of 75 by Saturday night, with a slight chance of a shower between 7 p.m. and 2 p.m. CT.
Auburn football has won nine straight season-openers, dating back to 2017's 41-7 win over Georgia Southern, and has won 21 season openers since 2000. The Tigers look to extend that streak to 10 games on Saturday by taking on the Baylor Bears in Atlanta, Georgia, at 2:30 p.m. CT. The game will air live on ABC.
#saturday #auburn #georgia
Auburn football opens the 2026 season against the Baylor Bears on Saturday afternoon in Atlanta, Georgia, where the temperature is expected to reach 97 degrees, with a "real feel" of 107 degrees, according to AccuWeather. However, the game will be played indoors at Mercedes-Benz Stadium, giving fans a more comfortable setting as they watch the Tigers battle the Bears to open the Alex Golesh era.
Fans partaking in pregame tailgating outside the stadium will face the heat, however. The heat advisory issued by the National Weather Service for Atlanta will remain in effect until Saturday at 7 p.m. CT. Because of this, morning temperatures for outdoor tailgates will rise into the low 90s with very little wind.
The temperature will then jump to 97 degrees during the game and will sink to a low of 75 by Saturday night, with a slight chance of a shower between 7 p.m. and 2 p.m. CT.
Auburn football has won nine straight season-openers, dating back to 2017's 41-7 win over Georgia Southern, and has won 21 season openers since 2000. The Tigers look to extend that streak to 10 games on Saturday by taking on the Baylor Bears in Atlanta, Georgia, at 2:30 p.m. CT. The game will air live on ABC.
#saturday #auburn #georgia
12 days ago
Entrepreneur Media LLC and Yahoo Finance LLC may earn commission or revenue on some products and services through the links below.
Audit your current network to see if your business requires the structured skill-building of a peer advisory network or the infrastructure of an incubator.
Join a specialized incubator to share high-end equipment, saving your early-stage capital from heavy upfront machinery costs.
Launch a niche podcast or targeted online articles to build a dedicated digital community centered around a personal passion.
Founders face countless challenges. But one recent survey published by Wilbur Labs showed that loneliness may top them all — at least in terms of its near-universal presence among leaders.
#incubator #entrepreneur #finance #join
Audit your current network to see if your business requires the structured skill-building of a peer advisory network or the infrastructure of an incubator.
Join a specialized incubator to share high-end equipment, saving your early-stage capital from heavy upfront machinery costs.
Launch a niche podcast or targeted online articles to build a dedicated digital community centered around a personal passion.
Founders face countless challenges. But one recent survey published by Wilbur Labs showed that loneliness may top them all — at least in terms of its near-universal presence among leaders.
#incubator #entrepreneur #finance #join
12 days ago
New York-based BlackRock, Inc. (BLK) is a publicly owned investment manager that provides investment management services to institutional clients and retail investors. With a market cap of $174.7 billion, the company offers investment, advisory, and risk management services.
Companies worth $10 billion or more are generally described as "large-cap stocks," and BLK perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the **** et management industry. BlackRock uses its unmatched scale to drive operational efficiency, offer a diversified product suite spanning equity, fixed income and alternatives, and sustain significant investment in technology.
Dear GameStop Stock Fans, Mark Your Calendars for September 8
SMCI vs. CoreWeave: 1 AI Infrastructure Model Has the Bigger Opportunity
Why **** ysts Think Sellas Life Sciences Stock Can Gain 150% From Here
#investment #management #york
Companies worth $10 billion or more are generally described as "large-cap stocks," and BLK perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the **** et management industry. BlackRock uses its unmatched scale to drive operational efficiency, offer a diversified product suite spanning equity, fixed income and alternatives, and sustain significant investment in technology.
Dear GameStop Stock Fans, Mark Your Calendars for September 8
SMCI vs. CoreWeave: 1 AI Infrastructure Model Has the Bigger Opportunity
Why **** ysts Think Sellas Life Sciences Stock Can Gain 150% From Here
#investment #management #york
12 days ago
WestEnd Capital Management, an investment advisor, released its Q2 2026 investor letter. The letter can be downloaded here. WestEnd Capital Management's Core Strategy achieved a 16.3% net return in the quarter, surpassing the S&P 500's 15.0%. This performance stemmed from strong earnings generators and upward earnings revisions, showcasing U.S. companies' efficiency in converting sales into profits. S&P 500 net profit margins reached a decade-high of 14.8% in Q1 and are expected to remain above 14% in Q2 despite challenges like higher interest rates and geopolitical uncertainty. Technology remains a key focus in WestEnd's portfolio, along with investments in infrastructure, demographic shifts, financial innovation, and selective consumer opportunities. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, WestEnd Capital Management highlighted Robinhood Markets, Inc. (NASDAQ:HOOD). Robinhood Markets, Inc. (NASDAQ:HOOD) is a US-based financial services company that provides a trading platform for stocks, exchange-traded funds, American depository receipts, options, gold, and cryptocurrencies. On September 02, 2026, Robinhood Markets, Inc. closed at $106.99 per share. Robinhood Markets, Inc. returned 34.83% over the past month, and its shares have gained 18.84% over the past 52 weeks. Robinhood Markets, Inc. has a market capitalization of $96.19 billion.
WestEnd Capital Management stated the following regarding Robinhood Markets, Inc. (NASDAQ:HOOD) in its Q2 2026 investor letter:
Robinhood Markets, Inc. (NASDAQ:HOOD) has evolved well beyond the online brokerage platform many investors still ****** ociate with its early years. The company is building a broader financial services ecosystem that includes brokerage and retirement accounts, cash management, securities lending, advisory services, credit products, prediction markets, and international operations.
But its primary advantage is the strength of its customer relationship. Robinhood has built a large, highly engaged user base and can introduce new products through a single digital platform with relatively low incremental distribution costs. As customers consolidate more of their financial activity with the company, Robinhood can generate higher revenue per account and develop recurring revenue streams that extend beyond transaction-based trading..." (Click here to read the full text)
#westend
In its second-quarter 2026 investor letter, WestEnd Capital Management highlighted Robinhood Markets, Inc. (NASDAQ:HOOD). Robinhood Markets, Inc. (NASDAQ:HOOD) is a US-based financial services company that provides a trading platform for stocks, exchange-traded funds, American depository receipts, options, gold, and cryptocurrencies. On September 02, 2026, Robinhood Markets, Inc. closed at $106.99 per share. Robinhood Markets, Inc. returned 34.83% over the past month, and its shares have gained 18.84% over the past 52 weeks. Robinhood Markets, Inc. has a market capitalization of $96.19 billion.
WestEnd Capital Management stated the following regarding Robinhood Markets, Inc. (NASDAQ:HOOD) in its Q2 2026 investor letter:
Robinhood Markets, Inc. (NASDAQ:HOOD) has evolved well beyond the online brokerage platform many investors still ****** ociate with its early years. The company is building a broader financial services ecosystem that includes brokerage and retirement accounts, cash management, securities lending, advisory services, credit products, prediction markets, and international operations.
But its primary advantage is the strength of its customer relationship. Robinhood has built a large, highly engaged user base and can introduce new products through a single digital platform with relatively low incremental distribution costs. As customers consolidate more of their financial activity with the company, Robinhood can generate higher revenue per account and develop recurring revenue streams that extend beyond transaction-based trading..." (Click here to read the full text)
#westend
13 days ago
New York-based The Goldman Sachs Group, Inc. (GS) is a financial institution that provides a range of financial services for corporations, financial institutions, governments, and high-net worth individuals. With a market cap of $301.1 billion, the company specializes in investment banking, trading and principal investments, ****** et management and securities services.
Companies worth $200 billion or more are generally described as "mega-cap stocks," and GS definitely fits that description, with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the capital markets industry. Goldman Sachs' diversified revenue streams, driven by trading and investment banking, help mitigate economic risks. Its strategic advisory, underwriting, and market-making expertise, showcase its strength in client transactions and risk management, giving it a competitive edge.
Dear Sandisk Stock Fans, Mark Your Calendars for August 31
Bill Gates Says 'We Need Time to Prepare' for an Economic Upheaval — Especially the $20-an-Hour Workers Being Replaced by $10-an-Hour Robots
Dear Palantir Stock Fans, Here's What Maven's Billion-Dollar ARR Means for PLTR
#financial #Stock #economic
Companies worth $200 billion or more are generally described as "mega-cap stocks," and GS definitely fits that description, with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the capital markets industry. Goldman Sachs' diversified revenue streams, driven by trading and investment banking, help mitigate economic risks. Its strategic advisory, underwriting, and market-making expertise, showcase its strength in client transactions and risk management, giving it a competitive edge.
Dear Sandisk Stock Fans, Mark Your Calendars for August 31
Bill Gates Says 'We Need Time to Prepare' for an Economic Upheaval — Especially the $20-an-Hour Workers Being Replaced by $10-an-Hour Robots
Dear Palantir Stock Fans, Here's What Maven's Billion-Dollar ARR Means for PLTR
#financial #Stock #economic
13 days ago
Leading U.S. medical groups are urging people to get updated flu and COVID-19 vaccinations this fall, banding together Wednesday to issue shot guidelines — and highlight the science behind them — saying they hope to ease confusion caused by the Trump administration's changing advice.
Flu vaccinations are beginning and COVID-19 shots are starting to arrive after the Food and Drug Administration approved this year's updated versions last week. Winter also brings another vaccine-preventable risk called RSV. Exactly who should get one or all of these vaccines, and when?
That advice usually comes from the Centers for Disease Control and Prevention, with help from its independent advisers. But despite no new scientific evidence, Trump health officials last year began pulling back on some longstanding recommendations for fall virus protection and routine children's vaccinations. And that advisory panel, which influences state and insurance vaccine policies, is caught in a court battle. The CDC didn't respond to questions about any new fall guidance but suggested on its website that doctors follow last year's flu recommendations.
Doctors' groups are filling the gap: the American Academy of Pediatrics, American Academy of Family Physicians, American College of Obstetricians and Gynecologists, and the Infectious Diseases Society of America each released vaccination guidelines for their patient populations.
"There's been a lot of confusion and chaos regarding vaccine recommendations," said Dr. Sandra Fryhofer, of the American Medical **** ociation.
#vaccinations #medical
Flu vaccinations are beginning and COVID-19 shots are starting to arrive after the Food and Drug Administration approved this year's updated versions last week. Winter also brings another vaccine-preventable risk called RSV. Exactly who should get one or all of these vaccines, and when?
That advice usually comes from the Centers for Disease Control and Prevention, with help from its independent advisers. But despite no new scientific evidence, Trump health officials last year began pulling back on some longstanding recommendations for fall virus protection and routine children's vaccinations. And that advisory panel, which influences state and insurance vaccine policies, is caught in a court battle. The CDC didn't respond to questions about any new fall guidance but suggested on its website that doctors follow last year's flu recommendations.
Doctors' groups are filling the gap: the American Academy of Pediatrics, American Academy of Family Physicians, American College of Obstetricians and Gynecologists, and the Infectious Diseases Society of America each released vaccination guidelines for their patient populations.
"There's been a lot of confusion and chaos regarding vaccine recommendations," said Dr. Sandra Fryhofer, of the American Medical **** ociation.
#vaccinations #medical
13 days ago
ShipStation, a provider of multicarrier parcel shipping software, is offering e-commerce sellers the ability to also select and coordinate with less-than-truckload operators at pre-negotiated rates in one integrated platform, bringing to life promised benefits from ownership's recent acquisition of freight brokerage Worldwide Express Group.
Few, if any, software-as-a-service companies that connect small-and-midsize merchants with parcel carriers offer a pallet-shipping solution.
"Most of those small companies don't have enough volumes to do full truckload so their first need after parcel shipping tends to be LTL, which creates this natural linkage between LTL freight brokerage and parcel," said Chris Wofford, the founder of Wofford Advisors LLC, a strategic advisory firm for the logistics sector.
In early June, private equity firm Thoma Bravo acquired WWEX Group and merged it with portfolio company Auctane, which provides shipping and fulfillment technology through brands like ShipStation, Stamps.com, Metapack and Packlink. The combined valuation of the companies is $12 billion.
WWEX Group companies include Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics.
#group #Logistics
Few, if any, software-as-a-service companies that connect small-and-midsize merchants with parcel carriers offer a pallet-shipping solution.
"Most of those small companies don't have enough volumes to do full truckload so their first need after parcel shipping tends to be LTL, which creates this natural linkage between LTL freight brokerage and parcel," said Chris Wofford, the founder of Wofford Advisors LLC, a strategic advisory firm for the logistics sector.
In early June, private equity firm Thoma Bravo acquired WWEX Group and merged it with portfolio company Auctane, which provides shipping and fulfillment technology through brands like ShipStation, Stamps.com, Metapack and Packlink. The combined valuation of the companies is $12 billion.
WWEX Group companies include Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics.
#group #Logistics
13 days ago
Based in Westlake, Texas, The Charles Schwab Corporation (SCHW) is a financial services company offering brokerage, banking, and financial advisory services. It helps individual investors, financial advisors, and employers manage and grow their wealth through investment products, trading platforms, retirement plans, banking services, and professional investment solutions. It has a market capitalization of $190.5 billion.
Companies worth $10 billion to $200 billion are generally described as "large-cap stocks," and SCHW fits that description, with its market cap exceeding this threshold and reflecting its substantial size, influence, and position within the Capital Markets industry. SCHW stands out for its massive client **** et base, strong brand reputation, and trusted customer service. Its large scale improves efficiency, while its focus on innovation strengthens its competitive position. Strategic acquisitions, including Forge Global, also expand its offerings and create opportunities for further growth in the investment services market.
Dear Sandisk Stock Fans, Mark Your Calendars for August 31
Bill Gates Says 'We Need Time to Prepare' for an Economic Upheaval — Especially the $20-an-Hour Workers Being Replaced by $10-an-Hour Robots
Dear Palantir Stock Fans, Here's What Maven's Billion-Dollar ARR Means for PLTR
#market #dear #Stock
Companies worth $10 billion to $200 billion are generally described as "large-cap stocks," and SCHW fits that description, with its market cap exceeding this threshold and reflecting its substantial size, influence, and position within the Capital Markets industry. SCHW stands out for its massive client **** et base, strong brand reputation, and trusted customer service. Its large scale improves efficiency, while its focus on innovation strengthens its competitive position. Strategic acquisitions, including Forge Global, also expand its offerings and create opportunities for further growth in the investment services market.
Dear Sandisk Stock Fans, Mark Your Calendars for August 31
Bill Gates Says 'We Need Time to Prepare' for an Economic Upheaval — Especially the $20-an-Hour Workers Being Replaced by $10-an-Hour Robots
Dear Palantir Stock Fans, Here's What Maven's Billion-Dollar ARR Means for PLTR
#market #dear #Stock
14 days ago
Tax services and software company Ryan has announced that Middle Eastern tax advisory practice Dhruva will be rebranded as Ryan across the United Arab Emirates (UAE) and Saudi Arabia.
The brand transition will be executed in phases throughout the second half of 2026.
This process will see Dhruva's physical signage, visual identity and online ******* ets migrate fully to the Ryan brand across the region.
Dhruva Advisors founder, chairman and CEO and Ryan vice-chairman Dinesh Kanabar said: "The Middle East has been a strategic growth market for us for many years, and we have built a strong advisory practice founded on deep client relationships, technical excellence and local market understanding.
"The transition to the Ryan brand marks a significant milestone in our journey and reflects the strength of our partnership.
#dhruva #advisory #across #market
The brand transition will be executed in phases throughout the second half of 2026.
This process will see Dhruva's physical signage, visual identity and online ******* ets migrate fully to the Ryan brand across the region.
Dhruva Advisors founder, chairman and CEO and Ryan vice-chairman Dinesh Kanabar said: "The Middle East has been a strategic growth market for us for many years, and we have built a strong advisory practice founded on deep client relationships, technical excellence and local market understanding.
"The transition to the Ryan brand marks a significant milestone in our journey and reflects the strength of our partnership.
#dhruva #advisory #across #market
14 days ago
ShipStation, a provider of multicarrier parcel shipping software, is offering e-commerce sellers the ability to also select and coordinate with less-than-truckload operators at pre-negotiated rates in one integrated platform, bringing to life promised benefits from ownership's recent acquisition of freight brokerage Worldwide Express Group.
Few, if any, software-as-a-service companies that connect small-and-midsize merchants with parcel carriers offer a pallet-shipping solution.
"Most of those small companies don't have enough volumes to do full truckload so their first need after parcel shipping tends to be LTL, which creates this natural linkage between LTL freight brokerage and parcel," said Chris Wofford, the founder of Wofford Advisors LLC, a strategic advisory firm for the logistics sector.
In early June, private equity firm Thoma Bravo acquired WWEX Group and merged it with portfolio company Auctane, which provides shipping and fulfillment technology through brands like ShipStation, Stamps.com, Metapack and Packlink. The combined valuation of the companies is $12 billion.
WWEX Group companies include Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics.
#parcel #Companies #wwex
Few, if any, software-as-a-service companies that connect small-and-midsize merchants with parcel carriers offer a pallet-shipping solution.
"Most of those small companies don't have enough volumes to do full truckload so their first need after parcel shipping tends to be LTL, which creates this natural linkage between LTL freight brokerage and parcel," said Chris Wofford, the founder of Wofford Advisors LLC, a strategic advisory firm for the logistics sector.
In early June, private equity firm Thoma Bravo acquired WWEX Group and merged it with portfolio company Auctane, which provides shipping and fulfillment technology through brands like ShipStation, Stamps.com, Metapack and Packlink. The combined valuation of the companies is $12 billion.
WWEX Group companies include Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics.
#parcel #Companies #wwex
15 days ago
Moderna led the S&P 500 in August after reporting promising results from a late-stage trial of a personalized mRNA cancer vaccine it co-developed with Merck, according to CNBC. The data challenged years of skepticism about whether the company's mRNA technology could produce another major breakthrough following the decline of its Covid-19 vaccine business. "This is miraculous, so it got a miraculous welcome," CNBC's Jim Cramer said Monday.
Enterprise software stocks accounted for many of the index's other top performers. Palantir, Veeva Systems, Salesforce, and ServiceNow had each come under sustained selling pressure as investors grew skeptical that traditional software models could remain competitive against the backdrop of accelerating AI development, according to the outlet. Those declines were compounded by large short positions held by Situational Awareness, a leveraged hedge fund that had bet against software companies based on that thesis. When the fund was forced to unwind its trades in late July, those shorts became a tailwind for the stocks it had targeted. "As August comes to a grinding end, it's hard to believe that the reverberations of a hedge fund implosion could color so much of the month's action," Cramer said.
Situational Awareness, which was run by Leopold Aschenbrenner and peaked at $45 billion in **** ets at the start of July, lost roughly $35 billion after margin calls from prime brokers Bank of America, Goldman Sachs, and JPMorgan Chase forced a distressed sale of its publicly traded holdings to Ken Griffin's Citadel. The fund had used as much as 400% leverage and held large short positions in software names including Adobe alongside bullish bets on AI infrastructure stocks.
Among individual software stocks, Salesforce bounced back after better-than-expected quarterly results quieted fears of what Cramer called a "SaaSpocalypse," while ServiceNow gained ground after showing investors that AI could be folded into its platform without disrupting existing operations. Veeva Systems climbed in tandem with the wider software sector after the anticipated AI threat to its life sciences niche failed to materialize in any meaningful way. Gartner also joined the recovery, as worries that large AI models would erode the market for its research and advisory services turned out not to be borne out by the company's actual results.
Outside software, Newmont benefited from a recovery in gold prices, while Coinbase climbed as cryptocurrencies rebounded amid concerns about U.S. debt and government spending. Super Micro Computer and Sandisk also surged on strong demand for memory used in AI data centers.
#cramer
Enterprise software stocks accounted for many of the index's other top performers. Palantir, Veeva Systems, Salesforce, and ServiceNow had each come under sustained selling pressure as investors grew skeptical that traditional software models could remain competitive against the backdrop of accelerating AI development, according to the outlet. Those declines were compounded by large short positions held by Situational Awareness, a leveraged hedge fund that had bet against software companies based on that thesis. When the fund was forced to unwind its trades in late July, those shorts became a tailwind for the stocks it had targeted. "As August comes to a grinding end, it's hard to believe that the reverberations of a hedge fund implosion could color so much of the month's action," Cramer said.
Situational Awareness, which was run by Leopold Aschenbrenner and peaked at $45 billion in **** ets at the start of July, lost roughly $35 billion after margin calls from prime brokers Bank of America, Goldman Sachs, and JPMorgan Chase forced a distressed sale of its publicly traded holdings to Ken Griffin's Citadel. The fund had used as much as 400% leverage and held large short positions in software names including Adobe alongside bullish bets on AI infrastructure stocks.
Among individual software stocks, Salesforce bounced back after better-than-expected quarterly results quieted fears of what Cramer called a "SaaSpocalypse," while ServiceNow gained ground after showing investors that AI could be folded into its platform without disrupting existing operations. Veeva Systems climbed in tandem with the wider software sector after the anticipated AI threat to its life sciences niche failed to materialize in any meaningful way. Gartner also joined the recovery, as worries that large AI models would erode the market for its research and advisory services turned out not to be borne out by the company's actual results.
Outside software, Newmont benefited from a recovery in gold prices, while Coinbase climbed as cryptocurrencies rebounded amid concerns about U.S. debt and government spending. Super Micro Computer and Sandisk also surged on strong demand for memory used in AI data centers.
#cramer
18 days ago
By Robin Respaut
Aug 27 (Reuters) - A U.S. advisory committee on autism is set to propose that federal agencies nearly double investment in research and initiatives focusing on medical care, housing, aging, and other priorities to support people with the condition and their families.
Members of the Interagency Autism Coordinating Committee, a federal advisory panel appointed by Health Secretary Robert F. Kennedy Jr. this year, will meet on Thursday to discuss their new strategic plan to reshape federal priorities in autism.
The draft plan, made public on the IACC's website last month, suggests boosting investment by the National Institutes of Health, U.S. Centers for Disease Control and Prevention, and other agencies to $747.4 million annually from $390.4 million to address a sweeping array of issues impacting people with autism and their families.
Current federal spending, relative to the economic burden of autism, is less than other diseases, such as Alzheimer's and asthma, the draft plan says.
#plan #committee #people
Aug 27 (Reuters) - A U.S. advisory committee on autism is set to propose that federal agencies nearly double investment in research and initiatives focusing on medical care, housing, aging, and other priorities to support people with the condition and their families.
Members of the Interagency Autism Coordinating Committee, a federal advisory panel appointed by Health Secretary Robert F. Kennedy Jr. this year, will meet on Thursday to discuss their new strategic plan to reshape federal priorities in autism.
The draft plan, made public on the IACC's website last month, suggests boosting investment by the National Institutes of Health, U.S. Centers for Disease Control and Prevention, and other agencies to $747.4 million annually from $390.4 million to address a sweeping array of issues impacting people with autism and their families.
Current federal spending, relative to the economic burden of autism, is less than other diseases, such as Alzheimer's and asthma, the draft plan says.
#plan #committee #people
18 days ago
On August 21, 2026, Reuters reported that JPMorgan Chase & Co. (NYSE:JPM) is hiring veteran dealmaker David Fishman away from Bank of America Corporation (NYSE:BAC) to lead North America technology mergers and acquisitions, according to an internal memo.
Fishman, who spent nearly 16 years at Bank of America and most recently co-headed its technology, media, and telecommunications banking group, resigned. JPMorgan is also elevating Vineet Seth, its current North America tech M&A head, to vice chair of investment banking, with both bankers joining a new Technology M&A Leadership and Advisory Council. The move follows other recent senior departures from Bank of America, including Mike Joo to Barclays and Amy Lissauer, who is also joining JPMorgan.
JPMorgan Chase & Co. (NYSE:JPM) is deliberately consolidating senior technology banking talent rather than simply filling a vacancy. Creating a dedicated Technology M&A Leadership and Advisory Council around both Fishman and Seth signals the bank wants concentrated expertise serving its largest technology clients. It's exactly the kind of strong relationship that wins big contracts in a sector that pays huge fees.
Landing a banker with Fishman's specific relationships adds value beyond his **** le. Senior dealmakers carry the client relationships that determine who gets the first call when a board weighs a merger. After almost 16 years running technology, media, and telecom deals at Bank of America Corporation (NYSE:BAC), Fishman brings a book of relationships JPMorgan did not have to build organically.
The hire fits a broader pattern of JPMorgan pulling senior talent from Bank of America. With Amy Lissauer also joining JPMorgan later this year, JPMorgan is compounding its technology and shareholder-defense banking bench at the same time, a coordinated buildout rather than an isolated hire.
#technology #bank
Fishman, who spent nearly 16 years at Bank of America and most recently co-headed its technology, media, and telecommunications banking group, resigned. JPMorgan is also elevating Vineet Seth, its current North America tech M&A head, to vice chair of investment banking, with both bankers joining a new Technology M&A Leadership and Advisory Council. The move follows other recent senior departures from Bank of America, including Mike Joo to Barclays and Amy Lissauer, who is also joining JPMorgan.
JPMorgan Chase & Co. (NYSE:JPM) is deliberately consolidating senior technology banking talent rather than simply filling a vacancy. Creating a dedicated Technology M&A Leadership and Advisory Council around both Fishman and Seth signals the bank wants concentrated expertise serving its largest technology clients. It's exactly the kind of strong relationship that wins big contracts in a sector that pays huge fees.
Landing a banker with Fishman's specific relationships adds value beyond his **** le. Senior dealmakers carry the client relationships that determine who gets the first call when a board weighs a merger. After almost 16 years running technology, media, and telecom deals at Bank of America Corporation (NYSE:BAC), Fishman brings a book of relationships JPMorgan did not have to build organically.
The hire fits a broader pattern of JPMorgan pulling senior talent from Bank of America. With Amy Lissauer also joining JPMorgan later this year, JPMorgan is compounding its technology and shareholder-defense banking bench at the same time, a coordinated buildout rather than an isolated hire.
#technology #bank
19 days ago
By
Updated Aug. 26, 2026 6:37 pm ET
Listen
(2 min)
New York City Mayor Zohran Mamdani is expected to unveil on Thursday a new business advisory council with 15 CEOs and other executives. The council represents a chance to reset his relationship with the capitalist class after a rocky start to the year.
#listen #city #zohran
Updated Aug. 26, 2026 6:37 pm ET
Listen
(2 min)
New York City Mayor Zohran Mamdani is expected to unveil on Thursday a new business advisory council with 15 CEOs and other executives. The council represents a chance to reset his relationship with the capitalist class after a rocky start to the year.
#listen #city #zohran
19 days ago
On August 13, Capricor Therapeutics (NASDAQ:CAPR) held its second-quarter earnings call, just over two weeks after an FDA advisory committee voted 3 to 9 against the company's bid to treat cardiomyopathy in ****** nne muscular dystrophy patients on July 29. That rejection forced a strategic pivot. Management now plans to amend its Biologics License Application to pursue a narrower upper limb skeletal muscle indication, the same measure that carried the HOPE-3 trial's primary endpoint. The shift extends the regulatory timeline, but it also puts the spotlight back on the data that held up best.
Deramiocel's case still rests on real numbers. The HOPE-3 primary endpoint showed a statistically significant slowing of upper limb disease progression, with a 4.5% mean difference favoring the drug and a p-value of 0.029. During a separate advisory committee discussion, feedback on upper limb function was described as directionally supportive of that evidence. The cardiomyopathy subgroup's ejection fraction data held too, showing a 2.8 percentage point treatment difference at a p-value of 0.02, unchanged from the original ****** ysis.
Safety data spans more than 1,300 intravenous infusions across over 200 patients in three clinical trials, with more than 80 patients enrolled in open-label extension studies, some receiving infusions for over five years. The full HOPE-3 data set was published in The Lancet in July following independent peer review. The FDA has indicated it will review the coming BLA amendment and extend the PDUFA date accordingly, and Capricor has already opened regulatory conversations in Europe and ****** an while its manufacturing facility in San Diego remains operational for a potential launch.
The financial picture moved the other direction. Cash and marketable securities fell to $237.9 million as of June 30, 2026, down from $318.1 million at the end of 2025. Second quarter net loss widened to $40.7 million, or $0.70 per share, compared to $25.9 million, or $0.57 per share, a year earlier, as operating expenses climbed to $42.9 million from $27.7 million. Research and development spending rose to $28.9 million and general and administrative costs jumped to $14.1 million from $5.7 million. The company booked zero revenue again.
Complicating matters, the left ventricular ejection fraction result across all patients was revised under the prespecified statistical model from a 2.4 percentage point difference at p=0.04 down to 1.8 percentage points at p=0.09, weakening a key secondary measure. An FDA Bioresearch Monitoring inspection in July produced a Form 483 with one observation. Non-Deramiocel pipeline work remains on hold, and the company's arbitration with NS Pharma over their distribution agreement isn't expected to begin until fall 2026.
#limb
Deramiocel's case still rests on real numbers. The HOPE-3 primary endpoint showed a statistically significant slowing of upper limb disease progression, with a 4.5% mean difference favoring the drug and a p-value of 0.029. During a separate advisory committee discussion, feedback on upper limb function was described as directionally supportive of that evidence. The cardiomyopathy subgroup's ejection fraction data held too, showing a 2.8 percentage point treatment difference at a p-value of 0.02, unchanged from the original ****** ysis.
Safety data spans more than 1,300 intravenous infusions across over 200 patients in three clinical trials, with more than 80 patients enrolled in open-label extension studies, some receiving infusions for over five years. The full HOPE-3 data set was published in The Lancet in July following independent peer review. The FDA has indicated it will review the coming BLA amendment and extend the PDUFA date accordingly, and Capricor has already opened regulatory conversations in Europe and ****** an while its manufacturing facility in San Diego remains operational for a potential launch.
The financial picture moved the other direction. Cash and marketable securities fell to $237.9 million as of June 30, 2026, down from $318.1 million at the end of 2025. Second quarter net loss widened to $40.7 million, or $0.70 per share, compared to $25.9 million, or $0.57 per share, a year earlier, as operating expenses climbed to $42.9 million from $27.7 million. Research and development spending rose to $28.9 million and general and administrative costs jumped to $14.1 million from $5.7 million. The company booked zero revenue again.
Complicating matters, the left ventricular ejection fraction result across all patients was revised under the prespecified statistical model from a 2.4 percentage point difference at p=0.04 down to 1.8 percentage points at p=0.09, weakening a key secondary measure. An FDA Bioresearch Monitoring inspection in July produced a Form 483 with one observation. Non-Deramiocel pipeline work remains on hold, and the company's arbitration with NS Pharma over their distribution agreement isn't expected to begin until fall 2026.
#limb
20 days ago
Valued at a market cap of $17.9 billion, Jacobs Solutions Inc. (J) is a global leader in delivering end-to-end solutions to some of the world's most complex challenges, with 47,000 employees worldwide. With expertise spanning advanced manufacturing, cities and places, energy, environmental, life sciences, transportation, and water, Jacobs helps create a more connected, sustainable world through advisory, consulting, planning, design, program, and lifecycle management services.
Shares of the Dallas, Texas-based company have underperformed the broader market over the past 52 weeks. J stock has risen 2.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 18.3%. However, shares of the company are up 14.5% on a YTD basis, outpacing SPX's 11.8% gain.
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#solutions #texas
Shares of the Dallas, Texas-based company have underperformed the broader market over the past 52 weeks. J stock has risen 2.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 18.3%. However, shares of the company are up 14.5% on a YTD basis, outpacing SPX's 11.8% gain.
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#solutions #texas
20 days ago
World Tax Services UK (WTS UK), an advisory practice specialising in non-audit tax services, has named Sharmila Sanmugam as a partner.
Sanmugam will head the expansion of the company's international tax division.
She has more than 15 years of experience in both in-house and advisory roles, with expertise in global tax compliance, tax governance, transfer pricing, indirect taxes and multinational tax transformation.
WTS UK founder and CEO Jeff Soar said: "We are excited to welcome Sharmila to the firm.
"Her experience across in-house and advisory roles, together with her deep understanding of international tax and global compliance, will be invaluable – both to our clients and to our team, as we continue to build a firm that delivers tax advice differently."
#Services #international #global
Sanmugam will head the expansion of the company's international tax division.
She has more than 15 years of experience in both in-house and advisory roles, with expertise in global tax compliance, tax governance, transfer pricing, indirect taxes and multinational tax transformation.
WTS UK founder and CEO Jeff Soar said: "We are excited to welcome Sharmila to the firm.
"Her experience across in-house and advisory roles, together with her deep understanding of international tax and global compliance, will be invaluable – both to our clients and to our team, as we continue to build a firm that delivers tax advice differently."
#Services #international #global
