55 mins. ago
Next year's Social Security cost-of-living increase looks like it will be 3.6%. The AARP made this forecast. The real figure will be released on October 14. It is based, according to The New York Times, on "the Consumer Price Index for Urban Wage Earners and Clerical Workers, or CPI-W. It averages the figures for July, August, and September. That may be fine for people who have a lot of money. For those who don't, it's a problem.
Most of the conversation about Social Security is that it will "run out of money".That happens in late 2032. It really doesn't run out. The payout drops to about 79% of the current total.
People choose one of three options. Social Security defines them as "early eligibility," which can start at 62. "Retirement" age is 65. People can get the largest payout possible if they wait until age 70.
Analysts have proposed several ways to "save" Social Security. Among those is to add two years to three retirement options. Another is to raise the wage level cap when people pay in. Today, for most people, that is $184,500 a year. The most controversial idea is that people who make a great deal of money after they retire should pay little, or nothing.
Is 3.6% enough? Almost certainly not. Over the next year, the CPI could surge. Energy prices will be a factor. So will food. And food prices are affected by energy prices. Seventy percent of all Us freight is moved by truck. Diesel is at its highest price ever. Some of that will be passed on to consumers next year.
#people #money
Most of the conversation about Social Security is that it will "run out of money".That happens in late 2032. It really doesn't run out. The payout drops to about 79% of the current total.
People choose one of three options. Social Security defines them as "early eligibility," which can start at 62. "Retirement" age is 65. People can get the largest payout possible if they wait until age 70.
Analysts have proposed several ways to "save" Social Security. Among those is to add two years to three retirement options. Another is to raise the wage level cap when people pay in. Today, for most people, that is $184,500 a year. The most controversial idea is that people who make a great deal of money after they retire should pay little, or nothing.
Is 3.6% enough? Almost certainly not. Over the next year, the CPI could surge. Energy prices will be a factor. So will food. And food prices are affected by energy prices. Seventy percent of all Us freight is moved by truck. Diesel is at its highest price ever. Some of that will be passed on to consumers next year.
#people #money
60 mins. ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Gold can play a role in a diversified retirement portfolio, but it's generally better suited as a complement to stocks, bonds, and other investments than as a primary retirement ****** et.
Gold may help diversify a portfolio because it can perform differently from stocks and bonds under certain market conditions. But gold also has drawbacks, including lower long-term returns than stocks and, in the case of a gold IRA, potentially high storage and custodial fees.
How much gold belongs in your retirement portfolio depends on factors including your age, risk tolerance, time until retirement, and investment goals.
Gold can help diversify a retirement portfolio, but it shouldn't replace stocks, bonds, and other investments.
#Portfolio #including
Gold can play a role in a diversified retirement portfolio, but it's generally better suited as a complement to stocks, bonds, and other investments than as a primary retirement ****** et.
Gold may help diversify a portfolio because it can perform differently from stocks and bonds under certain market conditions. But gold also has drawbacks, including lower long-term returns than stocks and, in the case of a gold IRA, potentially high storage and custodial fees.
How much gold belongs in your retirement portfolio depends on factors including your age, risk tolerance, time until retirement, and investment goals.
Gold can help diversify a retirement portfolio, but it shouldn't replace stocks, bonds, and other investments.
#Portfolio #including
2 hours ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
The Federal Open Market Committee (FOMC) — a division of the Federal Reserve responsible for setting monetary policy — will soon meet again to evaluate the health of the economy and make key decisions regarding the federal funds rate.
These decisions impact not only how the economy functions as a whole but also everyday consumers, as they influence rates on savings accounts, credit cards, mortgages, and more.
Statements and forecasts released during FOMC meetings provide valuable information on the economic outlook. Knowing when the Fed meets to discuss monetary policy and make important decisions can help you get a snapshot of the economy's overall health and adjust your own financial strategy accordingly.
The FOMC holds eight regularly scheduled meetings per year. Its most recent meeting took place July 28-29, 2026. The next one is scheduled for Sept. 15-16.
#monetary #Health
The Federal Open Market Committee (FOMC) — a division of the Federal Reserve responsible for setting monetary policy — will soon meet again to evaluate the health of the economy and make key decisions regarding the federal funds rate.
These decisions impact not only how the economy functions as a whole but also everyday consumers, as they influence rates on savings accounts, credit cards, mortgages, and more.
Statements and forecasts released during FOMC meetings provide valuable information on the economic outlook. Knowing when the Fed meets to discuss monetary policy and make important decisions can help you get a snapshot of the economy's overall health and adjust your own financial strategy accordingly.
The FOMC holds eight regularly scheduled meetings per year. Its most recent meeting took place July 28-29, 2026. The next one is scheduled for Sept. 15-16.
#monetary #Health
3 hours ago
The Cooper Companies, Inc. (NASDAQ:COO) cut its fiscal 2026 profit and revenue forecasts after weaker-than-expected demand for contact lenses weighed on its CooperVision business. The company now expects adjusted earnings of $4.51–$4.55 per share, down from its previous forecast of $4.58–$4.66, while revenue guidance was reduced to $4.23–$4.25 billion from $4.29–$4.32 billion. Third-quarter revenue came in at $1.07 billion, below Wall Street's $1.10 billion estimate, although adjusted EPS of $1.15 beat expectations.
The weakness was concentrated in CooperVision, where revenue fell to $717 million. Cooper said a reduction in U.S. channel inventory hurt results and is expected to continue affecting the fourth quarter. At the same time, the company completed its strategic review and decided to retain CooperSurgical rather than sell the business.
The biggest bullish argument is that some of the current weakness may be temporary rather than a fundamental deterioration in the contact lens market. The Cooper Companies, Inc. (NASDAQ:COO) specifically pointed to U.S. channel inventory reductions, meaning part of the sales pressure reflects distributors and customers working through existing stock rather than consumers permanently abandoning contact lenses. If inventories normalize, CooperVision could see a recovery in sales growth.
Cooper also continues to have a strong position in the global contact lens market. The company is investing in new products, expanding CooperVision's sales and marketing organization and improving inventory and logistics operations. Its strategic review also identified opportunities to reduce costs and improve operational efficiency.
There are encouraging signs beneath the weak headline numbers. Adjusted third-quarter EPS still increased 4% year over year to $1.15, while free cash flow jumped 66% to $273 million. The Cooper Companies, Inc. (NASDAQ:COO) also increased its share-repurchase authorization from $2 billion to $3 billion, giving the company another way to support per-share earnings if the stock remains depressed.
#Companies #revenue #contact #coopervision
The weakness was concentrated in CooperVision, where revenue fell to $717 million. Cooper said a reduction in U.S. channel inventory hurt results and is expected to continue affecting the fourth quarter. At the same time, the company completed its strategic review and decided to retain CooperSurgical rather than sell the business.
The biggest bullish argument is that some of the current weakness may be temporary rather than a fundamental deterioration in the contact lens market. The Cooper Companies, Inc. (NASDAQ:COO) specifically pointed to U.S. channel inventory reductions, meaning part of the sales pressure reflects distributors and customers working through existing stock rather than consumers permanently abandoning contact lenses. If inventories normalize, CooperVision could see a recovery in sales growth.
Cooper also continues to have a strong position in the global contact lens market. The company is investing in new products, expanding CooperVision's sales and marketing organization and improving inventory and logistics operations. Its strategic review also identified opportunities to reduce costs and improve operational efficiency.
There are encouraging signs beneath the weak headline numbers. Adjusted third-quarter EPS still increased 4% year over year to $1.15, while free cash flow jumped 66% to $273 million. The Cooper Companies, Inc. (NASDAQ:COO) also increased its share-repurchase authorization from $2 billion to $3 billion, giving the company another way to support per-share earnings if the stock remains depressed.
#Companies #revenue #contact #coopervision
3 hours ago
As I write this on Sunday night, all but one Week 1 game is comfortably in the books, and as is always the case on opening weekend, we encountered a slew of surprises. Some promising, others concerning and many that may have affected our outlook on a player or an offense. We're all doing our best not to overreact to one Sunday (and one Wednesday and one Thursday), but some of these shifting perspectives are bound to have permanent ramifications.
Join or create a Yahoo Fantasy Football league for the 2026 NFL season
With that in mind, I've compiled the (first) full weekly fantasy football stock report. These are the most notable risers and fallers heading into Week 2.
Ankle sprain, schmankle schprain (sorry, editors). Ashton Jeanty looked incredible on Sunday and had absolutely no limitations on his workload. He handled 23 carries and had six catches, totaling 147 yards while scoring twice through the air. He totaled 74 rushing yards after contact and scored both of his receiving touchdowns from the 13-yard line. Translation? The second-year RB's upside is arguably somewhere in the Christian McCaffrey stratosphere. The one caveat to all of this, of course, is that he did it against the Miami Dolphins. We'll see whether things change in Week 2 against the Chargers. But for now, Jeanty looks fully healthy and completely dominant, and anyone who got him at the "ankle sprain discount" is doing cartwheels.
At just 61% rostered on Yahoo, Jalen ******* er was closer to being a waiver-wire player than a fantasy stud. Not anymore. The third-year wideout led the Panthers with nine targets, eight catches, 138 receiving yards and two touchdowns, finishing as the WR1 overall on Sunday (29.8 fantasy points). He ran the second-most routes on the team (32), behind Tetairoa McMillan (36), and averaged 13.8 air yards per target and 4.31 yards per route run. He made a very strong opening argument to be a 1B to McMillan's 1A this season. And while all of Carolina's numbers were inflated by this barn-burner of a game with Chicago, ******* er had flashed late last year and looks like a legitimate third-year breakout candidate. He'll be among the most-added players on waivers this week (despite starting at 61%) and should be at least a FLEX consideration until further notice.
#yards
Join or create a Yahoo Fantasy Football league for the 2026 NFL season
With that in mind, I've compiled the (first) full weekly fantasy football stock report. These are the most notable risers and fallers heading into Week 2.
Ankle sprain, schmankle schprain (sorry, editors). Ashton Jeanty looked incredible on Sunday and had absolutely no limitations on his workload. He handled 23 carries and had six catches, totaling 147 yards while scoring twice through the air. He totaled 74 rushing yards after contact and scored both of his receiving touchdowns from the 13-yard line. Translation? The second-year RB's upside is arguably somewhere in the Christian McCaffrey stratosphere. The one caveat to all of this, of course, is that he did it against the Miami Dolphins. We'll see whether things change in Week 2 against the Chargers. But for now, Jeanty looks fully healthy and completely dominant, and anyone who got him at the "ankle sprain discount" is doing cartwheels.
At just 61% rostered on Yahoo, Jalen ******* er was closer to being a waiver-wire player than a fantasy stud. Not anymore. The third-year wideout led the Panthers with nine targets, eight catches, 138 receiving yards and two touchdowns, finishing as the WR1 overall on Sunday (29.8 fantasy points). He ran the second-most routes on the team (32), behind Tetairoa McMillan (36), and averaged 13.8 air yards per target and 4.31 yards per route run. He made a very strong opening argument to be a 1B to McMillan's 1A this season. And while all of Carolina's numbers were inflated by this barn-burner of a game with Chicago, ******* er had flashed late last year and looks like a legitimate third-year breakout candidate. He'll be among the most-added players on waivers this week (despite starting at 61%) and should be at least a FLEX consideration until further notice.
#yards
3 hours ago
CHATTANOOGA, Tenn. — Kenco opened a 30,000-square-foot Innovation Lab on Sept. 10, tripling a testing footprint the third-party logistics provider first built in 2015.
The larger facility allows Kenco to run warehouse automation testing on larger and more complex systems. It also allows more of those systems to run side by side. Testing takes place inside a building designed to mirror real-world warehouse conditions so results carry over to a live distribution center.
Ainsley Williams, vice president of automation and innovation at Kenco, described the expansion as benefiting both manufacturers and customers.
"The Innovation Lab has long stood as the convergence point for leading technologies and real-world applications, helping both manufacturers and customers identify and realize what's possible," Williams said. "By tripling our innovation footprint, we can further provide a ***** e for OEMs to continue experimenting with their products in a real environment and for customers to explore product and value without having to invest in them."
The original lab was created to help the company understand how emerging technologies such as automation would affect its operations.
#real #customers #larger
The larger facility allows Kenco to run warehouse automation testing on larger and more complex systems. It also allows more of those systems to run side by side. Testing takes place inside a building designed to mirror real-world warehouse conditions so results carry over to a live distribution center.
Ainsley Williams, vice president of automation and innovation at Kenco, described the expansion as benefiting both manufacturers and customers.
"The Innovation Lab has long stood as the convergence point for leading technologies and real-world applications, helping both manufacturers and customers identify and realize what's possible," Williams said. "By tripling our innovation footprint, we can further provide a ***** e for OEMs to continue experimenting with their products in a real environment and for customers to explore product and value without having to invest in them."
The original lab was created to help the company understand how emerging technologies such as automation would affect its operations.
#real #customers #larger
4 hours ago
Brandi Glanville's health battle sparked an unexpected Bravo reunion, with Housewives stepping up financially. Several former co-stars donated to her GoFundMe after years of unexplained medical problems.
The fundraiser aimed to cover treatment costs linked to multiple diagnoses affecting Glanville. She admitted asking for help felt humiliating, but her medical expenses had pushed her toward crowdfunding.
TMZ reported that Glanville's GoFundMe had raised about $7,000 toward its $28,000 goal. Kyle Richards contributed $500, while Claudia Jordan and longtime friend James Maas each donated $100. Camille Grammer, who starred alongside Glanville on The Real Housewives of Beverly Hills, gave $200. She also explained why she decided to contribute despite their complicated history.
"I remember when she sent me flowers when I had my hysterectomy for uterine cancer," Grammer told TMZ. "I wanted to return the favor, and I feel bad for what she's going through." The pair had clashed during Real Housewives Ultimate Girls Trip in Morocco. Grammer acknowledged they were not particularly close, yet she still wanted to help.
Gina Rodriguez, another longtime friend, created the fundraiser earlier that week. She said doctors had discovered a fungal ball in Glanville's face that required removal. Glanville later discussed the fundraiser through her Brandi Glanville Unfiltered podcast. She broke down while describing the financial pressure surrounding her treatment.
#glanville #housewives #brandi #donated
The fundraiser aimed to cover treatment costs linked to multiple diagnoses affecting Glanville. She admitted asking for help felt humiliating, but her medical expenses had pushed her toward crowdfunding.
TMZ reported that Glanville's GoFundMe had raised about $7,000 toward its $28,000 goal. Kyle Richards contributed $500, while Claudia Jordan and longtime friend James Maas each donated $100. Camille Grammer, who starred alongside Glanville on The Real Housewives of Beverly Hills, gave $200. She also explained why she decided to contribute despite their complicated history.
"I remember when she sent me flowers when I had my hysterectomy for uterine cancer," Grammer told TMZ. "I wanted to return the favor, and I feel bad for what she's going through." The pair had clashed during Real Housewives Ultimate Girls Trip in Morocco. Grammer acknowledged they were not particularly close, yet she still wanted to help.
Gina Rodriguez, another longtime friend, created the fundraiser earlier that week. She said doctors had discovered a fungal ball in Glanville's face that required removal. Glanville later discussed the fundraiser through her Brandi Glanville Unfiltered podcast. She broke down while describing the financial pressure surrounding her treatment.
#glanville #housewives #brandi #donated
4 hours ago
This offseason, the Heat witnessed a complete change in its roster. From superstar acquisitions through trade exchanges to top players leaving impressive salaries to join the roster, they saw a major upheaval. However, two players who were unaffected by these events were Andrew Wiggins and Simone Fontecchio.
Both players not only get to continue on the team but were also offered retention; a lifeline offered to only a handful this time. Now, with the next season approaching, the players have to meet high expectations to justify their contracts.
Earlier in the summer, Wiggins exercised the $30.1 million player option for the final year of his contract with Miami. But on June 29, the Heat decided to hand him a two-year, $34 million extension, bringing his term to a three-year, $64 million contract with them overall. He will be getting $16.5 million in 2027-28 and will have the player-option season worth $17.5 million in 2028-29. This is a huge financial security for any player, especially in a team that is aggressively looking to reinvent itself at the cost of its roster.
Wiggins was a dependable starter and brought stability last season,which he needs to continue this year. Wiggins averaged 15.4 points, 4.8 rebounds, and 2.7 ****** ists per game across 68 appearances. Maintaining his distance from defense, the 31-year-old needs to focus on being a high-efficiency 3-and-D wing, a role that saw him shine last year. He knocked down two threes a game at a career-best 41.4% clip in 2025-26.
At his rate, he could surely increase his average and show improvement. For the upcoming season, Wiggins should get perimeter shooting help from Klay Thompson, who he was teammates with in Golden State.
#wiggins #players #heat #continue
Both players not only get to continue on the team but were also offered retention; a lifeline offered to only a handful this time. Now, with the next season approaching, the players have to meet high expectations to justify their contracts.
Earlier in the summer, Wiggins exercised the $30.1 million player option for the final year of his contract with Miami. But on June 29, the Heat decided to hand him a two-year, $34 million extension, bringing his term to a three-year, $64 million contract with them overall. He will be getting $16.5 million in 2027-28 and will have the player-option season worth $17.5 million in 2028-29. This is a huge financial security for any player, especially in a team that is aggressively looking to reinvent itself at the cost of its roster.
Wiggins was a dependable starter and brought stability last season,which he needs to continue this year. Wiggins averaged 15.4 points, 4.8 rebounds, and 2.7 ****** ists per game across 68 appearances. Maintaining his distance from defense, the 31-year-old needs to focus on being a high-efficiency 3-and-D wing, a role that saw him shine last year. He knocked down two threes a game at a career-best 41.4% clip in 2025-26.
At his rate, he could surely increase his average and show improvement. For the upcoming season, Wiggins should get perimeter shooting help from Klay Thompson, who he was teammates with in Golden State.
#wiggins #players #heat #continue
4 hours ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Bitcoin (BTC-USD) opened at $76,806.19 on Monday, September 14, 2026, 0.6% lower than Sunday's opening price. As of 7:31 a.m. ET this morning, the price of bitcoin moved up to $77,873.33.
Ethereum (ETH-USD) opened at $2,475.82 on Monday, September 14, 2026, down 2% from Sunday's opening price. The price of ethereum moved higher this morning to $2,514.09 as of 7:31 a.m. ET.
Bitcoin and ethereum prices opened lower this morning, as they did on Friday, but have moved up in early trading, despite oil prices moving even higher today following reports of attacks in the Middle East over the weekend.
An attack on a Saudi Arabian pipeline, as well as on homes and a mosque, has global oil prices (BZ=F) up over 11% in the last five-day period. Expectations that the Fed will raise rates this week have also risen appreciably. This morning, according to the CME Group's FedWatch tool, the chances for a rate increase this week are now 86.5%, up from 69.4% on Friday morning.
#price #opened #Monday #september
Bitcoin (BTC-USD) opened at $76,806.19 on Monday, September 14, 2026, 0.6% lower than Sunday's opening price. As of 7:31 a.m. ET this morning, the price of bitcoin moved up to $77,873.33.
Ethereum (ETH-USD) opened at $2,475.82 on Monday, September 14, 2026, down 2% from Sunday's opening price. The price of ethereum moved higher this morning to $2,514.09 as of 7:31 a.m. ET.
Bitcoin and ethereum prices opened lower this morning, as they did on Friday, but have moved up in early trading, despite oil prices moving even higher today following reports of attacks in the Middle East over the weekend.
An attack on a Saudi Arabian pipeline, as well as on homes and a mosque, has global oil prices (BZ=F) up over 11% in the last five-day period. Expectations that the Fed will raise rates this week have also risen appreciably. This morning, according to the CME Group's FedWatch tool, the chances for a rate increase this week are now 86.5%, up from 69.4% on Friday morning.
#price #opened #Monday #september
5 hours ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
With mortgage rates pushing 7%, the timing of a "rate sale" couldn't be better. Chase Home Loans is once again hosting a limited-time interest rate discount promotion.
The national lender launched its first weeks-only offer just over a year ago. Apparently, it's been enough of a success that Chase is bringing the rate sale back for its third encore.
The rate discount is available for three weeks only, from Monday, Sept. 14, through Sunday, Oct. 4. Chase Home Loans will offer homebuyers and homeowners discounted rates on all new mortgage purchase and refinance loans. The sale is available for both new and existing customers.
While offers vary by state, Chase says qualified buyers can receive up to 0.25% off their loan interest rate. For example, an offered rate of 6.75% could be cut to 6.50%. That would save a borrower over $23,800 in interest on a $400,000 loan with a fixed-interest 30-year term — and reduce the payment by more than $65 a month.
#offers #rates
With mortgage rates pushing 7%, the timing of a "rate sale" couldn't be better. Chase Home Loans is once again hosting a limited-time interest rate discount promotion.
The national lender launched its first weeks-only offer just over a year ago. Apparently, it's been enough of a success that Chase is bringing the rate sale back for its third encore.
The rate discount is available for three weeks only, from Monday, Sept. 14, through Sunday, Oct. 4. Chase Home Loans will offer homebuyers and homeowners discounted rates on all new mortgage purchase and refinance loans. The sale is available for both new and existing customers.
While offers vary by state, Chase says qualified buyers can receive up to 0.25% off their loan interest rate. For example, an offered rate of 6.75% could be cut to 6.50%. That would save a borrower over $23,800 in interest on a $400,000 loan with a fixed-interest 30-year term — and reduce the payment by more than $65 a month.
#offers #rates
5 hours ago
DUBAI, Sept 14 (Reuters) - Abu Dhabi's Etihad Airways said on Monday that its passenger-carrying capacity is running above year-earlier levels as Gulf carriers rebound from disruption caused by the Iran war, with strong demand expected heading into the winter travel season, its chief executive told Reuters.
"We are back on track," CEO Antonoaldo Neves said in an interview, noting that current Available Seat Kilometres - the industry's standard measure of passenger-carrying capacity - was currently 15 to 17% higher than a year ago.
"Flights are full, full, full," he said, adding that load factor, which measures how well an airline is filling available seats, was at 92% in August while the airline is targeting an 87% plus load factor for the remainder of the year.
The Iran war affected travel earlier this year, pushing fuel prices higher and disrupting flights in the Middle East and beyond. Middle Eastern carriers, some of the world's biggest, have seen their networks upended by the conflict, but have gradually resumed their activity.
(Reporting by Federico Maccioni, Editing by Louise Heavens)
#reuters #middle
"We are back on track," CEO Antonoaldo Neves said in an interview, noting that current Available Seat Kilometres - the industry's standard measure of passenger-carrying capacity - was currently 15 to 17% higher than a year ago.
"Flights are full, full, full," he said, adding that load factor, which measures how well an airline is filling available seats, was at 92% in August while the airline is targeting an 87% plus load factor for the remainder of the year.
The Iran war affected travel earlier this year, pushing fuel prices higher and disrupting flights in the Middle East and beyond. Middle Eastern carriers, some of the world's biggest, have seen their networks upended by the conflict, but have gradually resumed their activity.
(Reporting by Federico Maccioni, Editing by Louise Heavens)
#reuters #middle
5 hours ago
King Charles is a doting grandfather of five, affectionately known as 'Grandpa Wales' by Prince George, Princess Charlotte, and Prince Louis.
It's now been revealed that the monarch has taken steps to make a major change to his Sandringham estate, which will hugely benefit his sporty granddaughter Charlotte.
Charles and 11-year-old Charlotte have a special bond. The King has been spotted wearing friendship bracelets made by the princess, and during a visit to Northern Ireland in May 2026, he picked up a sweet present for her.
Charles was given a beaded bag charm for Charlotte by Rachel Rose, the owner of the jewelry company Empower Flower. "Thank you, she will love that," delighted Charles said as he received the gift.
Given their sweet connection, the King's latest move perhaps comes as no surprise.
#sweet
It's now been revealed that the monarch has taken steps to make a major change to his Sandringham estate, which will hugely benefit his sporty granddaughter Charlotte.
Charles and 11-year-old Charlotte have a special bond. The King has been spotted wearing friendship bracelets made by the princess, and during a visit to Northern Ireland in May 2026, he picked up a sweet present for her.
Charles was given a beaded bag charm for Charlotte by Rachel Rose, the owner of the jewelry company Empower Flower. "Thank you, she will love that," delighted Charles said as he received the gift.
Given their sweet connection, the King's latest move perhaps comes as no surprise.
#sweet
2 days ago
Private equity advisers are racing to leverage AI and automate the services they provide to fund managers and their investors. Law firms, such as Kirkland & Ellis, have been among the most active adopters.
The dominant name in private fund formation and sponsor-backed M&A, the firm rolled out its own AI platform in June, built with Palantir and designed to reshape the repetitive, boilerplate elements of fund formation work, such as drafting limited partnership agreements, closing investor commitments and conducting compliance.
Earlier this year, Kirkland reportedly earmarked $500 million to develop a proprietary AI tool over three to four years, no small sum even for a law firm that generated $10.6 billion in annual revenue last year.
Erica Berthou
Erica Berthou, a partner at Kirkland and a member of the firm's executive committee, recently spoke with PitchBook about how AI could reshape the practice of law—including how it will change the economics of legal work—and how the adoption of AI may affect practitioners, especially the young talent.
#kirkland #private
The dominant name in private fund formation and sponsor-backed M&A, the firm rolled out its own AI platform in June, built with Palantir and designed to reshape the repetitive, boilerplate elements of fund formation work, such as drafting limited partnership agreements, closing investor commitments and conducting compliance.
Earlier this year, Kirkland reportedly earmarked $500 million to develop a proprietary AI tool over three to four years, no small sum even for a law firm that generated $10.6 billion in annual revenue last year.
Erica Berthou
Erica Berthou, a partner at Kirkland and a member of the firm's executive committee, recently spoke with PitchBook about how AI could reshape the practice of law—including how it will change the economics of legal work—and how the adoption of AI may affect practitioners, especially the young talent.
#kirkland #private
2 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Bank accounts are important financial tools that help protect your money and even allow you to earn interest. But depending on where you bank — and how you use your account — certain fees can chip away at your balance. From monthly maintenance charges to overdraft penalties, these costs can add up quickly if you're not paying attention.
Understanding the most common bank fees, why financial institutions charge them, and how to avoid them can help you keep more of your money.
Fees serve as added revenue for banks. If a bank charges a fee for account maintenance or an optional service, the institution can put those funds toward operational expenses and even generate additional income — at the customer's expense. After all, a bank is a business, and a business's goal is to earn money.
Recent data shows that banks have become increasingly dependent on fees over the years, especially those charged for overdrafts and non-sufficient funds (NSF). In fact, according to the Consumer Finance Protection Bureau (CFPB), NSF and overdraft fees account for about two-thirds of a typical bank's fee-based revenue.
#financial #Help
Bank accounts are important financial tools that help protect your money and even allow you to earn interest. But depending on where you bank — and how you use your account — certain fees can chip away at your balance. From monthly maintenance charges to overdraft penalties, these costs can add up quickly if you're not paying attention.
Understanding the most common bank fees, why financial institutions charge them, and how to avoid them can help you keep more of your money.
Fees serve as added revenue for banks. If a bank charges a fee for account maintenance or an optional service, the institution can put those funds toward operational expenses and even generate additional income — at the customer's expense. After all, a bank is a business, and a business's goal is to earn money.
Recent data shows that banks have become increasingly dependent on fees over the years, especially those charged for overdrafts and non-sufficient funds (NSF). In fact, according to the Consumer Finance Protection Bureau (CFPB), NSF and overdraft fees account for about two-thirds of a typical bank's fee-based revenue.
#financial #Help
2 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
If you're looking for safe ways to grow your money and protect your savings, a high-yield savings account (HYSA) can be a great option. However, it's important to be aware that there are certain instances when you could lose money. So if you plan on opening a high-yield savings account, be sure you understand how to protect your principal and earned interest.
High-yield savings accounts are like traditional savings accounts except that they offer above-average interest rates. These accounts are available from banks and credit unions, particularly online financial institutions. The higher interest rate means you earn more on your deposited funds over time, allowing your savings to grow faster.
If you open an account with a federally insured financial institution, your savings account deposits are protected in case the institution fails. With banks, deposits are protected by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per institution, per depositor, per ownership category. With credit unions, deposits are similarly insured by the National Credit Union Administration.
Read more: High-yield savings account vs. traditional savings account: Which one is better?
#high #credit #interest
If you're looking for safe ways to grow your money and protect your savings, a high-yield savings account (HYSA) can be a great option. However, it's important to be aware that there are certain instances when you could lose money. So if you plan on opening a high-yield savings account, be sure you understand how to protect your principal and earned interest.
High-yield savings accounts are like traditional savings accounts except that they offer above-average interest rates. These accounts are available from banks and credit unions, particularly online financial institutions. The higher interest rate means you earn more on your deposited funds over time, allowing your savings to grow faster.
If you open an account with a federally insured financial institution, your savings account deposits are protected in case the institution fails. With banks, deposits are protected by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per institution, per depositor, per ownership category. With credit unions, deposits are similarly insured by the National Credit Union Administration.
Read more: High-yield savings account vs. traditional savings account: Which one is better?
#high #credit #interest
2 days ago
Jim Cramer sees Enterprise Products Partners L.P. (NYSE:EPD) as a major beneficiary of the disruption surrounding the Strait of Hormuz, as he said during the September 8 episode of Mad Money:
When I wrote How to Make Money in Any Market… I didn't know that Enterprise Products Partners was going to be the, maybe the single biggest pipeline winner in this country thanks to the war. I didn't see that war coming. The CEO of Enterprise, Jim Teague, has raised awareness for the company's profit opportunity because of the Hormuz closing. The margins of some of its liquids, like ethane to ethylene, ethylene to polyethylene, have soared. As Teague says, the Houston Ship Channel is now just as important as the Strait of Hormuz. Now, there's an endorsement. Stock yields 5.8%.
Enterprise Products Partners L.P. (NYSE:EPD) reported record second-quarter adjusted EBITDA of $2.8 billion, up 17% year over year, while operational distributable cash flow reached a record $2.3 billion, up 21%. Moreover, pipeline volumes reached a record 14.7 million barrels of oil equivalent per day, up 8%, while marine-terminal volumes increased 33% to 2.8 million barrels per day. Co-Chief Executive Officer James Teague said:
Volumes at our marine terminals have returned to normal levels in June and July after the initial rush to backfill volumes affected by hostilities in the Middle East in April and May.
In July, Enterprise Products Partners L.P. (NYSE:EPD) declared a quarterly distribution of $0.56 per unit, or $2.24 annualized, a 2.8% increase from a year earlier. At EPD's September 8 closing price of $38.83, that equates to a yield of approximately 5.8%. The company has increased its distribution for 27 consecutive years. The company's latest investor materials show $6.5 billion of major capital projects under construction. It expects 2026 organic growth capital spending, net of ***** et-sale proceeds, of $2.9 billion to $3.4 billion. The company retained $1.1 billion of DCF for internally funded growth capital expenditures and buybacks.
#partners #hormuz
When I wrote How to Make Money in Any Market… I didn't know that Enterprise Products Partners was going to be the, maybe the single biggest pipeline winner in this country thanks to the war. I didn't see that war coming. The CEO of Enterprise, Jim Teague, has raised awareness for the company's profit opportunity because of the Hormuz closing. The margins of some of its liquids, like ethane to ethylene, ethylene to polyethylene, have soared. As Teague says, the Houston Ship Channel is now just as important as the Strait of Hormuz. Now, there's an endorsement. Stock yields 5.8%.
Enterprise Products Partners L.P. (NYSE:EPD) reported record second-quarter adjusted EBITDA of $2.8 billion, up 17% year over year, while operational distributable cash flow reached a record $2.3 billion, up 21%. Moreover, pipeline volumes reached a record 14.7 million barrels of oil equivalent per day, up 8%, while marine-terminal volumes increased 33% to 2.8 million barrels per day. Co-Chief Executive Officer James Teague said:
Volumes at our marine terminals have returned to normal levels in June and July after the initial rush to backfill volumes affected by hostilities in the Middle East in April and May.
In July, Enterprise Products Partners L.P. (NYSE:EPD) declared a quarterly distribution of $0.56 per unit, or $2.24 annualized, a 2.8% increase from a year earlier. At EPD's September 8 closing price of $38.83, that equates to a yield of approximately 5.8%. The company has increased its distribution for 27 consecutive years. The company's latest investor materials show $6.5 billion of major capital projects under construction. It expects 2026 organic growth capital spending, net of ***** et-sale proceeds, of $2.9 billion to $3.4 billion. The company retained $1.1 billion of DCF for internally funded growth capital expenditures and buybacks.
#partners #hormuz
2 days ago
Lululemon Athletica Inc. (NASDAQ:LULU) recently issued its second guidance cut of the year, and investors responded immediately by sending shares down roughly 18%. That selloff came despite an EPS beat, but the headline result was heavily supported by a tariff refund rather than underlying business strength. Brand sentiment, traffic, and leggings sales are all weakening across the company's two largest markets. The key issue for investors is no longer whether the quarter was weak, but whether the stock's low valuation and new CEO can provide the catalyst for a meaningful recovery.
Lululemon shares dropped 18% after the company lowered its full-year guidance for the second time this year. Revenue is now projected to range from $10.35 billion to $10.5 billion, while EPS guidance was reduced to $9.48 to $9.73. Both represent sharp reductions from its earlier guidance ranges. Second-quarter revenue was particularly weak, falling 4% to $2.4 billion and coming in below consensus estimates, while comparable sales dropped 9%, or 10% on a constant-dollar basis. According to the company, negative commentary had affected traffic in both the U.S. and China, while leggings sales slowed more than expected. Although reported EPS beat estimates, nearly all of that upside came from an $0.86 per share tariff refund. For the third quarter, management expects revenue to decline another 10% to 11%.
Lululemon still has several financial advantages that could support the business through its current slowdown. The company has no outstanding borrowings and maintains $1.4 billion in cash. First-half operating cash flow climbed to $589 million, more than double the prior year. Inventory per unit also declined roughly 7% year over year, reducing the risk of a margin-damaging clearance event. Meanwhile, shares have fallen over 50% year-to-date and now trade at a historically depressed valuation, potentially creating an out-of-favor-setup for investors. At the same time, management continued its buyback program, repurchasing $330 million worth of shares during the quarter.
The weakness in traffic and leggings sales cannot be ignored, and both remain serious concerns. However, the company has a debt-free balance sheet, stronger cash generation, and a valuation that already reflects much of the recent bad news. That gives Lululemon room to prove that its current struggles are mainly execution-related rather than signs of a structural decline.
#year #shares #company
Lululemon shares dropped 18% after the company lowered its full-year guidance for the second time this year. Revenue is now projected to range from $10.35 billion to $10.5 billion, while EPS guidance was reduced to $9.48 to $9.73. Both represent sharp reductions from its earlier guidance ranges. Second-quarter revenue was particularly weak, falling 4% to $2.4 billion and coming in below consensus estimates, while comparable sales dropped 9%, or 10% on a constant-dollar basis. According to the company, negative commentary had affected traffic in both the U.S. and China, while leggings sales slowed more than expected. Although reported EPS beat estimates, nearly all of that upside came from an $0.86 per share tariff refund. For the third quarter, management expects revenue to decline another 10% to 11%.
Lululemon still has several financial advantages that could support the business through its current slowdown. The company has no outstanding borrowings and maintains $1.4 billion in cash. First-half operating cash flow climbed to $589 million, more than double the prior year. Inventory per unit also declined roughly 7% year over year, reducing the risk of a margin-damaging clearance event. Meanwhile, shares have fallen over 50% year-to-date and now trade at a historically depressed valuation, potentially creating an out-of-favor-setup for investors. At the same time, management continued its buyback program, repurchasing $330 million worth of shares during the quarter.
The weakness in traffic and leggings sales cannot be ignored, and both remain serious concerns. However, the company has a debt-free balance sheet, stronger cash generation, and a valuation that already reflects much of the recent bad news. That gives Lululemon room to prove that its current struggles are mainly execution-related rather than signs of a structural decline.
#year #shares #company
2 days ago
Toward the end of the lightning round on September 8, when a caller inquired about AstraZeneca PLC (NYSE:AZN), Mad Money host Jim Cramer commented:
Alright, now, AstraZeneca reminds me of a company, it's not unlike Novartis. I'm a little nervous about it. It's been missing some of its trials. I don't think COPD is enough to change my mind… I am not going to put my money on AstraZeneca.
AstraZeneca PLC (NYSE:AZN) maintains a solid financial foundation supported by steady top-line growth and disciplined cost management. In its second-quarter report, the company generated total revenue of $15.38 billion, marking a 6.4% increase compared to the same period last year. Adjusted earnings per share reached $2.63, outperforming ****** yst consensus estimates.
The profitability was driven by strong global demand for core oncology and rare disease treatments, which successfully offset revenue headwinds from generic competition affecting older blockbusters like Farxiga and Brilinta. With a net margin hovering around 17.02% and management reiterating its full-year guidance for mid-to-high single-digit revenue growth along with low double-digit core EPS expansion, the core business continues to demonstrate commercial resilience.
The primary driver behind the skepticism could be based on tangible execution risks and regulatory hurdles that threaten AstraZeneca PLC's (NYSE:AZN) long-term top line. A significant blow to the rare disease division came when anselamimab failed to achieve statistical significance for the primary endpoint in the overall AL amyloidosis population in the Phase III CARES program, although AstraZeneca reported encouraging results in a prespecified subgroup of patients with kappa light-chain amyloidosis.
#management
Alright, now, AstraZeneca reminds me of a company, it's not unlike Novartis. I'm a little nervous about it. It's been missing some of its trials. I don't think COPD is enough to change my mind… I am not going to put my money on AstraZeneca.
AstraZeneca PLC (NYSE:AZN) maintains a solid financial foundation supported by steady top-line growth and disciplined cost management. In its second-quarter report, the company generated total revenue of $15.38 billion, marking a 6.4% increase compared to the same period last year. Adjusted earnings per share reached $2.63, outperforming ****** yst consensus estimates.
The profitability was driven by strong global demand for core oncology and rare disease treatments, which successfully offset revenue headwinds from generic competition affecting older blockbusters like Farxiga and Brilinta. With a net margin hovering around 17.02% and management reiterating its full-year guidance for mid-to-high single-digit revenue growth along with low double-digit core EPS expansion, the core business continues to demonstrate commercial resilience.
The primary driver behind the skepticism could be based on tangible execution risks and regulatory hurdles that threaten AstraZeneca PLC's (NYSE:AZN) long-term top line. A significant blow to the rare disease division came when anselamimab failed to achieve statistical significance for the primary endpoint in the overall AL amyloidosis population in the Phase III CARES program, although AstraZeneca reported encouraging results in a prespecified subgroup of patients with kappa light-chain amyloidosis.
#management
2 days ago
James Rodríguez's arrival at Atlético Nacional continues to draw major reactions in Colombian football. This time, the club's legendary former goalkeeper and idol, René Higuita, dedicated an emotional welcome message to him, full of affection and verdolaga mystique.
Through his words, the iconic goalkeeper highlighted the institutional weight of the jersey the midfielder from Cúcuta will wear. "This jersey has history, it has heart, and it has fans who are always with us. We love you, welcome to our beloved Atlético Nacional," the former player said.
Higuita ended his greeting by wishing the Colombia national team midfielder the greatest success in this new stage of his professional career: "May the victories come, my brother. Welcome to green," he concluded, reaffirming the enormous excitement this signing has generated among Antioquia's fans.
This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here.
#tico #fans
Through his words, the iconic goalkeeper highlighted the institutional weight of the jersey the midfielder from Cúcuta will wear. "This jersey has history, it has heart, and it has fans who are always with us. We love you, welcome to our beloved Atlético Nacional," the former player said.
Higuita ended his greeting by wishing the Colombia national team midfielder the greatest success in this new stage of his professional career: "May the victories come, my brother. Welcome to green," he concluded, reaffirming the enormous excitement this signing has generated among Antioquia's fans.
This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here.
#tico #fans
2 days ago
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Mortgage rates have been slowly rising over the past seven months, from just below 6% before the Middle East conflict began in late February to near 7% this week (with some surveys reporting rates already above 7%).
However, it's still possible to lock in a rate below the national average. Borrowers need to shop diligently and deploy one or more of the following strategies to earn the lowest mortgage rate possible in the 2026 housing market.
See the average mortgage rate in your state.
Analysis by Yahoo Finance of nearly 5,000 mortgage lenders reporting 2026 loan information under the Home Mortgage Disclosure Act reveals the surprising truth: the lenders offering the absolute lowest mortgage rates. In 2026, the largest national banks, credit unions, and homebuilders that finance their own construction offered the most favorable home loan rates to the widest variety of borrowers.
#rates #finance #reporting
Mortgage rates have been slowly rising over the past seven months, from just below 6% before the Middle East conflict began in late February to near 7% this week (with some surveys reporting rates already above 7%).
However, it's still possible to lock in a rate below the national average. Borrowers need to shop diligently and deploy one or more of the following strategies to earn the lowest mortgage rate possible in the 2026 housing market.
See the average mortgage rate in your state.
Analysis by Yahoo Finance of nearly 5,000 mortgage lenders reporting 2026 loan information under the Home Mortgage Disclosure Act reveals the surprising truth: the lenders offering the absolute lowest mortgage rates. In 2026, the largest national banks, credit unions, and homebuilders that finance their own construction offered the most favorable home loan rates to the widest variety of borrowers.
#rates #finance #reporting
2 days ago
Former Florida State forward Alex Steen suffered a setback in his effort to secure another season of college basketball eligibility, according to Chris Nee of Noles247. Leon County Circuit Court Judge David M. Frank denied Steen's verified emergency motion for a temporary and preliminary injunction on Friday, Sept. 11. Steen is suing the NCAA in an effort to obtain a fifth season of eligibility for the 2026-27 season.
Steen and attorneys representing both sides appeared before Frank for a hearing on Sept. 2. The former Seminole is part of the 2022 high school class and played four consecutive college seasons without redshirting. His lawsuit challenges his exclusion from the NCAA's new eligibility framework that provides five seasons of competition to athletes from the 2023 class and beyond.
Under Florida law, Steen needed to satisfy four requirements to receive a temporary injunction: a substantial likelihood of success on the merits, no adequate remedy at law, irreparable harm without an injunction, and a showing that granting relief would serve the public interest. Frank determined Steen had not met the necessary standard.
The court found Steen's claimed losses involving practices, workouts, team activities, recruiting conversations, and professional evaluation were not supported by sufficient evidence and remained speculative. Frank also wrote that potential lost NIL income could be measured financially and therefore addressed through monetary damages.
Frank additionally determined a temporary injunction would not serve the public interest, reasoning that granting one player another season could affect roster spots, playing time, scholarships, and revenue-sharing allocations for other athletes.
#steen #frank #eligibility
Steen and attorneys representing both sides appeared before Frank for a hearing on Sept. 2. The former Seminole is part of the 2022 high school class and played four consecutive college seasons without redshirting. His lawsuit challenges his exclusion from the NCAA's new eligibility framework that provides five seasons of competition to athletes from the 2023 class and beyond.
Under Florida law, Steen needed to satisfy four requirements to receive a temporary injunction: a substantial likelihood of success on the merits, no adequate remedy at law, irreparable harm without an injunction, and a showing that granting relief would serve the public interest. Frank determined Steen had not met the necessary standard.
The court found Steen's claimed losses involving practices, workouts, team activities, recruiting conversations, and professional evaluation were not supported by sufficient evidence and remained speculative. Frank also wrote that potential lost NIL income could be measured financially and therefore addressed through monetary damages.
Frank additionally determined a temporary injunction would not serve the public interest, reasoning that granting one player another season could affect roster spots, playing time, scholarships, and revenue-sharing allocations for other athletes.
#steen #frank #eligibility
2 days ago
CrowdStrike (CRWD) stock rose about 97% over the past year, against 18% for the S&P 500, as growth in the recurring revenue it adds each quarter sped up. Management was forecasting that speed-up by March 2025 and named one mechanism: Falcon Flex customers using up their contracts early and coming back for more. The direction was public. The size of the fiscal 2027 speed-up was not.
How Early Did CrowdStrike Forecast The Speed-Up?
The earliest sign came with the fiscal Q4 2025 report in March 2025. After its July 19 outage, CrowdStrike had given affected clients customer commitment packages, mostly extra product and Falcon Flex subscriptions. The CEO said that uptake underpinned an expected speed-up in net new annual recurring revenue (ARR) in the second half of fiscal 2026. He added that Flex demand plans were running ahead of schedule and expected contracts to be upsized and renewed. The CFO expected more acceleration in fiscal 2027.
The fiscal Q1 2026 report in early June 2025 put numbers on the mechanism: 39 Flex customers had deployed initial plans signed for 35 months on average and came back for more within five months, a step the company calls a reflex.
What Could You See Just Before The Run Began?
#speed #crowdstrike
How Early Did CrowdStrike Forecast The Speed-Up?
The earliest sign came with the fiscal Q4 2025 report in March 2025. After its July 19 outage, CrowdStrike had given affected clients customer commitment packages, mostly extra product and Falcon Flex subscriptions. The CEO said that uptake underpinned an expected speed-up in net new annual recurring revenue (ARR) in the second half of fiscal 2026. He added that Flex demand plans were running ahead of schedule and expected contracts to be upsized and renewed. The CFO expected more acceleration in fiscal 2027.
The fiscal Q1 2026 report in early June 2025 put numbers on the mechanism: 39 Flex customers had deployed initial plans signed for 35 months on average and came back for more within five months, a step the company calls a reflex.
What Could You See Just Before The Run Began?
#speed #crowdstrike
2 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Debt consolidation combines multiple debts into one loan, usually at a lower interest rate, and you repay the full balance. Debt settlement involves negotiating with creditors to pay less than you owe, but it damages your credit and isn't guaranteed to work.
Understanding how both options work can help you determine which would better fit your financial situation.
Debt consolidation involves replacing your current debts with a new loan or line of credit, ideally with a better interest rate. If you consolidate multiple debts, you can also simplify repayment into a single monthly payment.
There are multiple ways to consolidate debt, including:
#interest
Debt consolidation combines multiple debts into one loan, usually at a lower interest rate, and you repay the full balance. Debt settlement involves negotiating with creditors to pay less than you owe, but it damages your credit and isn't guaranteed to work.
Understanding how both options work can help you determine which would better fit your financial situation.
Debt consolidation involves replacing your current debts with a new loan or line of credit, ideally with a better interest rate. If you consolidate multiple debts, you can also simplify repayment into a single monthly payment.
There are multiple ways to consolidate debt, including:
#interest
2 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
An option contract's price rarely moves for just one reason. The stock shifts, time keeps passing, expectations for volatility rise and fall, and interest rates maintain their influence in the background. All of that gets folded into the cost of the contract, known as its premium. This makes it hard to tell which force actually moved the number on your screen.
The options Greeks can help you solve that problem. Each one estimates how an option's value would respond to a change in one input, such as the stock price, time, or volatility, with the others held constant.
Let's follow a real contract to see how. Nvidia (NVDA) is one of the most actively traded stocks in the options market, which makes its chain a useful place to watch these numbers work. The stock was trading at $212.26 at the time, so we picked a $215 call expiring in 29 days.
Explore options contracts with AlphaSpace
#options #volatility #contract #disclosure
An option contract's price rarely moves for just one reason. The stock shifts, time keeps passing, expectations for volatility rise and fall, and interest rates maintain their influence in the background. All of that gets folded into the cost of the contract, known as its premium. This makes it hard to tell which force actually moved the number on your screen.
The options Greeks can help you solve that problem. Each one estimates how an option's value would respond to a change in one input, such as the stock price, time, or volatility, with the others held constant.
Let's follow a real contract to see how. Nvidia (NVDA) is one of the most actively traded stocks in the options market, which makes its chain a useful place to watch these numbers work. The stock was trading at $212.26 at the time, so we picked a $215 call expiring in 29 days.
Explore options contracts with AlphaSpace
#options #volatility #contract #disclosure
2 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
The Treasury Department's $6 billion bond buyback, an effort to stem rising yields, fell far short of expectations Thursday. The repurchase of government debt led to Treasury yields continuing to climb, with the 10-year note topping a three-year high. Potential home buyers and refinancers hoping for some mortgage rate relief instead saw rates creep toward, and in some reports, top 7%.
Yields were mixed Friday, with the 10-year Treasury remaining just below 5%.
In an interview Thursday evening with conservative strategist Steve Bannon on "War Room," Treasury Secretary Scott Bessent disputed the talk that the buyback program failed.
"This whole nonsense today that our operation didn't work — well, our operation didn't work, because we only had $10 billion of offers for our buyback program," Bessent said. "Normally, we get $20 billion, and we only buy the bonds back cheap. People seem to want to keep their long-term bonds, because we only had half as many offers. So, it's a bunch of noise, and in my career, I made money ignoring the noise."
#yields #offers #year
The Treasury Department's $6 billion bond buyback, an effort to stem rising yields, fell far short of expectations Thursday. The repurchase of government debt led to Treasury yields continuing to climb, with the 10-year note topping a three-year high. Potential home buyers and refinancers hoping for some mortgage rate relief instead saw rates creep toward, and in some reports, top 7%.
Yields were mixed Friday, with the 10-year Treasury remaining just below 5%.
In an interview Thursday evening with conservative strategist Steve Bannon on "War Room," Treasury Secretary Scott Bessent disputed the talk that the buyback program failed.
"This whole nonsense today that our operation didn't work — well, our operation didn't work, because we only had $10 billion of offers for our buyback program," Bessent said. "Normally, we get $20 billion, and we only buy the bonds back cheap. People seem to want to keep their long-term bonds, because we only had half as many offers. So, it's a bunch of noise, and in my career, I made money ignoring the noise."
#yields #offers #year
2 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Gold can act as a hedge against inflation, but it doesn't reliably rise whenever inflation does. Some investors use gold to help preserve purchasing power as prices rise, but inflation is only one of several factors that can influence gold prices.
If you've researched gold as an investment, you've probably come across financial experts ****** erting that gold is a hedge against inflation. Understanding what that actually means — and what it doesn't — can help put gold's role in an investment portfolio into perspective.
An inflation hedge is an investment or strategy intended to help offset the loss of purchasing power caused by rising prices.
As inflation rises, each dollar buys a little less than it did before. For example, imagine a cart of groceries that costs $100 today. If those same groceries cost $105 next year, your $100 no longer buys as much as it did before.
#inflation #Gold #doesn 't #power
Gold can act as a hedge against inflation, but it doesn't reliably rise whenever inflation does. Some investors use gold to help preserve purchasing power as prices rise, but inflation is only one of several factors that can influence gold prices.
If you've researched gold as an investment, you've probably come across financial experts ****** erting that gold is a hedge against inflation. Understanding what that actually means — and what it doesn't — can help put gold's role in an investment portfolio into perspective.
An inflation hedge is an investment or strategy intended to help offset the loss of purchasing power caused by rising prices.
As inflation rises, each dollar buys a little less than it did before. For example, imagine a cart of groceries that costs $100 today. If those same groceries cost $105 next year, your $100 no longer buys as much as it did before.
#inflation #Gold #doesn 't #power
2 days ago
The 2026 US Open has set up an exciting men's singles final at Arthur Ashe Stadium on Sunday. World No. 2 Alexander Zverev will face 23-year-old Ben Shelton for the final Grand Slam ****** le of the season.
However, after his semifinal win over Karen Khachanov, Zverev's on-court antics before the serve became a talking point, with Khachanov making it clear that some of them did not sit well with him.
Zverev's habit of bouncing the ball several times before serving has raised eyebrows during recent tournaments. Broadcasters have even started tracking how many times Zverev bounces the ball before serving, turning the habit into a running joke online.
However, it's not fun for the opponents who wait to receive. After the semifinal loss, Khachanov explained how Zverev's repeated ball bouncing can affect the other player's physical and mental preparation.
"His ball-bouncing before the serve bothers a lot of players," Khachanov said. "He takes a long time. You prepare yourself, then he bounces the ball another 12 times, so you have to prepare and split-step again almost every point."
#times #however #final #serve
However, after his semifinal win over Karen Khachanov, Zverev's on-court antics before the serve became a talking point, with Khachanov making it clear that some of them did not sit well with him.
Zverev's habit of bouncing the ball several times before serving has raised eyebrows during recent tournaments. Broadcasters have even started tracking how many times Zverev bounces the ball before serving, turning the habit into a running joke online.
However, it's not fun for the opponents who wait to receive. After the semifinal loss, Khachanov explained how Zverev's repeated ball bouncing can affect the other player's physical and mental preparation.
"His ball-bouncing before the serve bothers a lot of players," Khachanov said. "He takes a long time. You prepare yourself, then he bounces the ball another 12 times, so you have to prepare and split-step again almost every point."
#times #however #final #serve
2 days ago
India's road to the ICC World Test Championship (WTC) Final 2027 has become much clearer following the recent Tests that were played.
As every match affects the percentage points table (PCT), India still finds themselves in the race, but with very little to spare as they move forward towards the end of the cycle.
In the first of the two Tests that India played against Sri Lanka, the visitors registered a massive 165-run victory in Galle and then aimed to complete a whitewash. However, a valiant performance from Sri Lanka in the final day of the 2nd Test in Colombo helped them to hold the visitors to a draw in the final match of the series.
After a surprise win over Australia in the first Test, Bangladesh succumbed to an embarrassing loss in the second and final match of the series in Mackay. Till date, Bangladesh hold on to the fourth position but India can overtake them if they win the second match.
England moved to the sixth position, replacing Sri Lanka after their 3-0 whitewash win over Pakistan on September 12.
#bangladesh
As every match affects the percentage points table (PCT), India still finds themselves in the race, but with very little to spare as they move forward towards the end of the cycle.
In the first of the two Tests that India played against Sri Lanka, the visitors registered a massive 165-run victory in Galle and then aimed to complete a whitewash. However, a valiant performance from Sri Lanka in the final day of the 2nd Test in Colombo helped them to hold the visitors to a draw in the final match of the series.
After a surprise win over Australia in the first Test, Bangladesh succumbed to an embarrassing loss in the second and final match of the series in Mackay. Till date, Bangladesh hold on to the fourth position but India can overtake them if they win the second match.
England moved to the sixth position, replacing Sri Lanka after their 3-0 whitewash win over Pakistan on September 12.
#bangladesh
2 days ago
Emily Blunt reunited with co-star Meryl Streep for an unforgettable high-fashion evening in New York City. Attending The Devil Wears Prada 2 Wardrobe Auction, the English actress commanded total attention on the red carpet. Captivating fashion lovers and photographers everywhere, she proved once again that classic black gowns can deliver maximum drama, movement, and modern playfulness.
For the high-profile charity auction, Blunt wore a striking runway piece straight from Christian Cowan's Spring/Summer 2027 collection. Her long-time stylist Jessica Paster curated the monochromatic look, which expertly balances modest coverage with daring sheer texture. The top portion of the dress features a sleek, form-fitting black turtleneck knit with snug long sleeves. Below the hips, the structured knit stops, giving way to sheer netting completely covered in cascading black fringe tassels.
The floor-length black fringe moved with every step, while crystal-embellished Dolce & Gabbana satin sandals added a subtle sparkle beneath the hem. The sandals' crystal straps were occasionally visible through the swinging fringe, complementing the otherwise monochromatic look.
Posing on the red carpet, Emily shared a warm moment with legendary co-star Meryl Streep. Emily wrapped one arm affectionately around Meryl's shoulder as both actresses smiled brightly for the camera line. Meryl looked equally chic in a patterned silk dress, creating an iconic reunion snapshot that delighted fans of the classic fashion film.
Emily's glam team kept her beauty routine polished and timeless to complement the dramatic dress. She wore her warm blonde hair pulled back into a neat, slicked-low bun. Her makeup featured radiant skin, soft bronzer, subtle winged eyeliner, and a glossy berry-pink lip. By contrasting a simple long-sleeved turtleneck with an ultra-fun fringe skirt, Emily Blunt executed high fashion with complete confidence.
#emily #meryl #black #high
For the high-profile charity auction, Blunt wore a striking runway piece straight from Christian Cowan's Spring/Summer 2027 collection. Her long-time stylist Jessica Paster curated the monochromatic look, which expertly balances modest coverage with daring sheer texture. The top portion of the dress features a sleek, form-fitting black turtleneck knit with snug long sleeves. Below the hips, the structured knit stops, giving way to sheer netting completely covered in cascading black fringe tassels.
The floor-length black fringe moved with every step, while crystal-embellished Dolce & Gabbana satin sandals added a subtle sparkle beneath the hem. The sandals' crystal straps were occasionally visible through the swinging fringe, complementing the otherwise monochromatic look.
Posing on the red carpet, Emily shared a warm moment with legendary co-star Meryl Streep. Emily wrapped one arm affectionately around Meryl's shoulder as both actresses smiled brightly for the camera line. Meryl looked equally chic in a patterned silk dress, creating an iconic reunion snapshot that delighted fans of the classic fashion film.
Emily's glam team kept her beauty routine polished and timeless to complement the dramatic dress. She wore her warm blonde hair pulled back into a neat, slicked-low bun. Her makeup featured radiant skin, soft bronzer, subtle winged eyeliner, and a glossy berry-pink lip. By contrasting a simple long-sleeved turtleneck with an ultra-fun fringe skirt, Emily Blunt executed high fashion with complete confidence.
#emily #meryl #black #high
2 days ago
Baker Mayfield gets dangerous weapon back ahead of Bengals clash originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
Tampa Bay Buccaneers wide receiver Emeka Egbuka appears ready to go for Week 1 after a toe injury created some uncertainty around his status during the preseason.
Egbuka returned to full practice this week and is expected to play when Tampa Bay takes on the Cincinnati Bengals, giving quarterback Baker Mayfield one of his most dangerous weapons for a matchup that has the potential to become a high-scoring affair.
The second-year receiver enters the season with plenty of expectations after showing flashes of becoming a legitimate No. 1 option early in his rookie campaign.
Egbuka demonstrated his ability to create separation, make plays after the catch and stretch defenses before injuries became a factor. His own health issues, combined with injuries affecting Mayfield, prevented Tampa Bay from consistently taking advantage of the chemistry the two displayed earlier in the season.
#tampa
Tampa Bay Buccaneers wide receiver Emeka Egbuka appears ready to go for Week 1 after a toe injury created some uncertainty around his status during the preseason.
Egbuka returned to full practice this week and is expected to play when Tampa Bay takes on the Cincinnati Bengals, giving quarterback Baker Mayfield one of his most dangerous weapons for a matchup that has the potential to become a high-scoring affair.
The second-year receiver enters the season with plenty of expectations after showing flashes of becoming a legitimate No. 1 option early in his rookie campaign.
Egbuka demonstrated his ability to create separation, make plays after the catch and stretch defenses before injuries became a factor. His own health issues, combined with injuries affecting Mayfield, prevented Tampa Bay from consistently taking advantage of the chemistry the two displayed earlier in the season.
#tampa
