1 hr. ago
Hyperliquid activates its Aligned Quote ***** et v2 (AQAv2) framework today.
The platform will buy back and burn HYPE tokens from generated USDC reserve yields.
HYPE price approaches all-time high amid market recovery.
Hyperliquid has officially activated its Aligned Quote ***** et v2 (AQAv2) framework on Wednesday. This will allow the protocol to buy back and burn HYPE tokens from generated USDC reserve yields. This creates a second buyback route alongside the existing trading fee-driven program.
Hyperliquid activated its "AQAv2" framework on August 26. This directs 90% of yields generated from USDC reserves towards the ***** istance Fund for buybacks and burns of the native HYPE token.
#hype #aligned
The platform will buy back and burn HYPE tokens from generated USDC reserve yields.
HYPE price approaches all-time high amid market recovery.
Hyperliquid has officially activated its Aligned Quote ***** et v2 (AQAv2) framework on Wednesday. This will allow the protocol to buy back and burn HYPE tokens from generated USDC reserve yields. This creates a second buyback route alongside the existing trading fee-driven program.
Hyperliquid activated its "AQAv2" framework on August 26. This directs 90% of yields generated from USDC reserves towards the ***** istance Fund for buybacks and burns of the native HYPE token.
#hype #aligned
1 hr. ago
Troy Aikman won three Super Bowls with the Dallas Cowboys, but Christopher "Mad Dog" Russo also believes he and Joe Buck deserve credit for bringing one to ESPN.
During his Mad Dog Unleashed radio show on SiriusXM earlier this week, Russo was discussing Tony Romo's future with CBS, guessing the network would love to use his recent arrest as cause to absolve themselves from the rest of the 10-year, $180 million contract he signed in 2020. And if they do get out from under Romo's contract, Russo believes the era of networks paying ***** ysts tens of millions of dollars might be over.
"Now listen, Aikman and Buck got a fortune," Russo admitted. "But they also brought a Super Bowl to ESPN, because I don't know if they would have gotten a Super Bowl unless they had those guys because that's how important they are, Aikman and Buck…so a little different for them. But to pay the top guys $17 million to do the games, we're gonna watch the games no matter what. Not one announcer – and that includes Madden – if you gave Madden a lousy game, you're not gonna watch it…nobody is watching these games to see the announcers."
The stars aligned for Romo to land a $180 million contract from CBS thanks in part to ESPN driving the price up as they vied for his services on Monday Night Football. But falling short in the Romo sweepstakes six years ago turned out to be a great thing for ESPN. Because while CBS was left with what eventually became a Romo problem, ESPN had the flexibility to eventually pluck Buck and Aikman from Fox two years later.
ESPN undoubtedly got the better option for Monday Night Football by landing Buck and Aikman instead of Romo, but the Super Bowl was coming their way regardless. ESPN and ABC got back into the Super Bowl rotation when they signed their 10-year rights agreement with the NFL in 2021. Buck and Aikman didn't move over from Fox until 2022.
#russo #million
During his Mad Dog Unleashed radio show on SiriusXM earlier this week, Russo was discussing Tony Romo's future with CBS, guessing the network would love to use his recent arrest as cause to absolve themselves from the rest of the 10-year, $180 million contract he signed in 2020. And if they do get out from under Romo's contract, Russo believes the era of networks paying ***** ysts tens of millions of dollars might be over.
"Now listen, Aikman and Buck got a fortune," Russo admitted. "But they also brought a Super Bowl to ESPN, because I don't know if they would have gotten a Super Bowl unless they had those guys because that's how important they are, Aikman and Buck…so a little different for them. But to pay the top guys $17 million to do the games, we're gonna watch the games no matter what. Not one announcer – and that includes Madden – if you gave Madden a lousy game, you're not gonna watch it…nobody is watching these games to see the announcers."
The stars aligned for Romo to land a $180 million contract from CBS thanks in part to ESPN driving the price up as they vied for his services on Monday Night Football. But falling short in the Romo sweepstakes six years ago turned out to be a great thing for ESPN. Because while CBS was left with what eventually became a Romo problem, ESPN had the flexibility to eventually pluck Buck and Aikman from Fox two years later.
ESPN undoubtedly got the better option for Monday Night Football by landing Buck and Aikman instead of Romo, but the Super Bowl was coming their way regardless. ESPN and ABC got back into the Super Bowl rotation when they signed their 10-year rights agreement with the NFL in 2021. Buck and Aikman didn't move over from Fox until 2022.
#russo #million
2 hours ago
Hull FC winger Tom Briscoe has announced he will retire from playing at the end of the season.
The 36-year-old former England international started his career with the Black and Whites in 2008 and has scored 232 tries in 471 appearances to date.
He joined Leeds Rhinos for the 2014 season and won two Grand Finals and three Challenge Cups during his eight years there, before winning another Challenge Cup with Leigh Leopards in 2023.
Briscoe returned to Hull in April 2024 and has scored 17 tries in 64 games in his second stint.
He said it "felt like the stars have aligned a little bit" that his final career appearance will be against Leeds at Headingley.
#briscoe #challenge #scored #england
The 36-year-old former England international started his career with the Black and Whites in 2008 and has scored 232 tries in 471 appearances to date.
He joined Leeds Rhinos for the 2014 season and won two Grand Finals and three Challenge Cups during his eight years there, before winning another Challenge Cup with Leigh Leopards in 2023.
Briscoe returned to Hull in April 2024 and has scored 17 tries in 64 games in his second stint.
He said it "felt like the stars have aligned a little bit" that his final career appearance will be against Leeds at Headingley.
#briscoe #challenge #scored #england
5 hours ago
Sandhill Investment Management, an investment management company, released its second quarter 2026 investor letter. A copy of the letter can be downloaded here. The letter highlighted a strong second quarter for equity markets, with the S&P 500 up about 15% and projected earnings growth at the fastest rate in five years. Despite challenges like tensions with Iran and lower oil prices, the semiconductor sector and AI advancements drove significant stock price increases. In fixed income, rising yields have made corporate bonds appealing, offering over 5% returns. However, consumer sentiment is waning, and the savings rate is at a six-decade low, raising caution about the economy. Investment trends suggest that while overall market valuations are high, quality businesses present selective opportunities for long-term gains amidst short-term volatility. Also, check the fund's top five holdings to see its best picks in 2026.
In its Q2 2026 investor letter, Sandhill Investment Management highlighted Badger Meter, Inc. (NYSE:BMI) as a new holding. Badger Meter, Inc. (NYSE:BMI) is a US-based flow measurement, quality, control, and communication solutions company focusing on Utility water smart metering solutions and software technologies. On August 26, 2026, Badger Meter, Inc. (NYSE:BMI) closed at $137.15 per share, reflecting a market capitalization of $3.98 billion. Badger Meter, Inc. (NYSE:BMI) posted a one-month return of 5.18%, while its shares lost 26.46% over the past 52 weeks.
Sandhill Investment Management stated the following regarding Badger Meter, Inc. (NYSE:BMI) in its Q2 2026 investor letter:
"Despite the elevated broad market valuation and the caution related to the consumer, quality businesses are being valued more cheaply than they have been in a long time, and we are putting capital to work. We remain selective, but individual businesses are presenting compelling value.
We recently initiated a position in Badger Meter, Inc. (NYSE:BMI), a pure-play water technology company. Badger holds a leading position in smart water meters and cellular advanced metering infrastructure technology. It sells into an oligopoly market with high switching costs and municipal utility customers that value reliability over price. The stock pulled back sharply after a temporary air pocket in revenue growth tied to project timing, rather than any change in long-term demand. We believe the multidecade replacement cycle for aging water infrastructure, combined with increasing technology adoption, gives Badger a durable growth runway, and the recent weakness provided an attractive entry point. We tracked Badger Meter on our watchlist for years before business fundamentals and valuation aligned to create an attractive entry point."
#badger #management #letter
In its Q2 2026 investor letter, Sandhill Investment Management highlighted Badger Meter, Inc. (NYSE:BMI) as a new holding. Badger Meter, Inc. (NYSE:BMI) is a US-based flow measurement, quality, control, and communication solutions company focusing on Utility water smart metering solutions and software technologies. On August 26, 2026, Badger Meter, Inc. (NYSE:BMI) closed at $137.15 per share, reflecting a market capitalization of $3.98 billion. Badger Meter, Inc. (NYSE:BMI) posted a one-month return of 5.18%, while its shares lost 26.46% over the past 52 weeks.
Sandhill Investment Management stated the following regarding Badger Meter, Inc. (NYSE:BMI) in its Q2 2026 investor letter:
"Despite the elevated broad market valuation and the caution related to the consumer, quality businesses are being valued more cheaply than they have been in a long time, and we are putting capital to work. We remain selective, but individual businesses are presenting compelling value.
We recently initiated a position in Badger Meter, Inc. (NYSE:BMI), a pure-play water technology company. Badger holds a leading position in smart water meters and cellular advanced metering infrastructure technology. It sells into an oligopoly market with high switching costs and municipal utility customers that value reliability over price. The stock pulled back sharply after a temporary air pocket in revenue growth tied to project timing, rather than any change in long-term demand. We believe the multidecade replacement cycle for aging water infrastructure, combined with increasing technology adoption, gives Badger a durable growth runway, and the recent weakness provided an attractive entry point. We tracked Badger Meter on our watchlist for years before business fundamentals and valuation aligned to create an attractive entry point."
#badger #management #letter
17 hours ago
Last week, Good Good Golf released an ad spot for its co-branded Callaway driver. In it, Good Good co-founder Garrett Clark tackles a woman who dared reach for his driver, stands over her, and says, "Do not touch my new driver."
After swift and intense backlash, the ad was deleted, but not before several people preserved it on the internet.
"We posted a video to our channels that ultimately depicted actions that are not aligned with our values as a brand," Good Good Golf, a YouTube phenomenon-turned brand, said in an official statement posted Saturday. "We have since taken that content down, and sincerely apologize. Good Good has always stood for making the game of golf more inclusive to all, and we will continue to ensure that is our mission moving forward."
Callaway Golf CEO Chip Brewer and Good Good CEO Matt Kendrick also released separate statements, as reported by The Wall Street Journal.
Those statements did not stop the avalanche. PGA Tour CEO Brian Rolapp condemned the ad and Good Good's "disappointing" and "defensive" response. Golf Channel postponed the premiere of its Big Break x Good Good reality show. ****** 's Sporting Goods and Galaxy Golf reportedly pulled Good Good merchandise from stores.
#driver
After swift and intense backlash, the ad was deleted, but not before several people preserved it on the internet.
"We posted a video to our channels that ultimately depicted actions that are not aligned with our values as a brand," Good Good Golf, a YouTube phenomenon-turned brand, said in an official statement posted Saturday. "We have since taken that content down, and sincerely apologize. Good Good has always stood for making the game of golf more inclusive to all, and we will continue to ensure that is our mission moving forward."
Callaway Golf CEO Chip Brewer and Good Good CEO Matt Kendrick also released separate statements, as reported by The Wall Street Journal.
Those statements did not stop the avalanche. PGA Tour CEO Brian Rolapp condemned the ad and Good Good's "disappointing" and "defensive" response. Golf Channel postponed the premiere of its Big Break x Good Good reality show. ****** 's Sporting Goods and Galaxy Golf reportedly pulled Good Good merchandise from stores.
#driver
22 hours ago
AEW's arrival at London's Wembley Stadium in 2023 for its inaugural All In event represented a seismic shift in the wrestling landscape. The organization, considered a mere challenger brand, packed more than 70,000 fans into the iconic UK stadium.
Around that same time, the company that prided itself on being a place to find the best wrestling in the world had ambitious aspirations of adding to its roster Mercedes Moné, one of the best women's wrestlers of her generation. Moné's unexpected arrival in the stands at that very first AEW All In show only stoked those flames as the former Sasha Banks recovered from a devastating ankle injury suffered against Willow Nightingale.
Now, three years later, AEW returns to Wembley once again, where Moné will attempt to win the one **** le she has yet to hold: the AEW Women's World Championship.
"I knew after [the first show at] Wembley, my heart was so set on AEW," Moné told Uncrowned ahead of AEW All In 2026 this Sunday.
"I loved the energy of Wembley. I love the fans there. I love the matches, and everything just aligned and felt so right. I'm so excited for this year. I'm excited to feel the same energy as I did when I barely was able to walk in with my crutches, sitting there as a fan."
#show
Around that same time, the company that prided itself on being a place to find the best wrestling in the world had ambitious aspirations of adding to its roster Mercedes Moné, one of the best women's wrestlers of her generation. Moné's unexpected arrival in the stands at that very first AEW All In show only stoked those flames as the former Sasha Banks recovered from a devastating ankle injury suffered against Willow Nightingale.
Now, three years later, AEW returns to Wembley once again, where Moné will attempt to win the one **** le she has yet to hold: the AEW Women's World Championship.
"I knew after [the first show at] Wembley, my heart was so set on AEW," Moné told Uncrowned ahead of AEW All In 2026 this Sunday.
"I loved the energy of Wembley. I love the fans there. I love the matches, and everything just aligned and felt so right. I'm so excited for this year. I'm excited to feel the same energy as I did when I barely was able to walk in with my crutches, sitting there as a fan."
#show
1 day ago
There's no denying that Tim Curry was a master of his craft. The ultimate character actor, he brought to life some of the most unforgettable roles ever to grace the stage or screen, be they eccentric, campy, larger-than-life, or terrifyingly sinister.
The big reason why Curry was able to slip into these varied selves effortlessly may have been that he didn't feel the need to carve out a rigid sense of personal selfhood.
In a recent interview with CBS Sunday Morning, recorded only two weeks before his passing at the age of 80 on August 26, Curry told Turner Classic Movies host Ben Mankiewicz that throughout the course of his 50-year career "one of the keys" to his success has been "to not encourage an identity."
It's a counterintuitive idea, particularly today when identity has become such an important part of how people understand themselves and one another. We are regularly encouraged to define and stay aligned with some kind of "personal brand" via personality types, aesthetics, ****** ual orientation, zodiac signs, neurospiciness levels, political affiliations…you name it. Social media has this self-presentation as a near-constant part of daily life, inviting people to curate their interests, values, appearance, and opinions into an instantly recognizable public persona.
While there are certainly benefits, it often comes with the expectation that each person has a clearly defined, authentic identity waiting to be uncovered, articulated, and presented to the world.
#life #identity #part
The big reason why Curry was able to slip into these varied selves effortlessly may have been that he didn't feel the need to carve out a rigid sense of personal selfhood.
In a recent interview with CBS Sunday Morning, recorded only two weeks before his passing at the age of 80 on August 26, Curry told Turner Classic Movies host Ben Mankiewicz that throughout the course of his 50-year career "one of the keys" to his success has been "to not encourage an identity."
It's a counterintuitive idea, particularly today when identity has become such an important part of how people understand themselves and one another. We are regularly encouraged to define and stay aligned with some kind of "personal brand" via personality types, aesthetics, ****** ual orientation, zodiac signs, neurospiciness levels, political affiliations…you name it. Social media has this self-presentation as a near-constant part of daily life, inviting people to curate their interests, values, appearance, and opinions into an instantly recognizable public persona.
While there are certainly benefits, it often comes with the expectation that each person has a clearly defined, authentic identity waiting to be uncovered, articulated, and presented to the world.
#life #identity #part
2 days ago
ATLANTA (AP) — Golf Channel postponed Tuesday night's scheduled premiere of the reality show "Big Break x Good Good" by one week because one of the sponsors wanted out, as pressure increased on popular content creator Good Good Golf for its video that showed a man shoving a woman to the ground as she reached for a new Callaway driver.
Golf Channel said postponing the show to Sept. 1 "will allow for necessary production updates following a request from one of the show's sponsors to remove its branding from the series."
Although Golf Channel did not identify the sponsor, multiple reports said it was retailer Golf Galaxy, which had been listed as a presenting sponsor of the show.
The video — an ad for the Callaway driver — was deleted by Good Good late Friday, a day after it first was posted and immediately drew negative reaction for portraying violence against women. The characters in the ad are both with Good Good.
Good Good apologized Saturday in a statement, saying the "depicted actions are not aligned with our values." Callaway said it was disappointed by the video and "appreciative of Good Good addressing this."
#callaway #atlanta
Golf Channel said postponing the show to Sept. 1 "will allow for necessary production updates following a request from one of the show's sponsors to remove its branding from the series."
Although Golf Channel did not identify the sponsor, multiple reports said it was retailer Golf Galaxy, which had been listed as a presenting sponsor of the show.
The video — an ad for the Callaway driver — was deleted by Good Good late Friday, a day after it first was posted and immediately drew negative reaction for portraying violence against women. The characters in the ad are both with Good Good.
Good Good apologized Saturday in a statement, saying the "depicted actions are not aligned with our values." Callaway said it was disappointed by the video and "appreciative of Good Good addressing this."
#callaway #atlanta
2 days ago
UPS disclosed Monday that it is investing more than $2 billion across its international, healthcare, and supply chain solutions businesses, revealing the total figure for the first time. The investments began in 2024 and are set to continue through 2028, the company said.
Scott Szwast, UPS vice president of international strategy, framed the spending as an effort to build out capabilities that help customers in specialized sectors navigate increasingly complicated global supply chains. "These investments are really aligned to one of our big strategic areas of focus, which is creating capabilities to enable our customers, particularly in complex industries, to more effectively run their global supply chains," he told CNBC.
Among the initiatives are a new hub in the Philippines slated for this year, a facility in Ontario, Canada, due to open in 2027, and an air hub at Hong Kong International Airport scheduled for 2028. UPS has also opened a technology-enabled logistics center in Taiwan and an Amsterdam facility that integrates freight forwarding, customs brokerage, and cold-chain capabilities under one roof. The Taiwan facility has used automation and robotics to cut total supply chain time by one day, Szwast said. UPS also operates weekly service on the Paris–Hong Kong route and the Shenzhen–Sydney route, each running five days a week.
Szwast said that as global supply chains come under growing strain, companies have moved to spread risk across multiple sourcing and distribution points rather than relying on a single node, even as those same businesses push out new products with unfamiliar logistics demands faster than ever before. "What they find in a lot of cases is that their supply chains look more like their histories than their strategies," he said.
The $2 billion figure encompasses a previously announced $48 million buildout of 27 temperature-controlled facilities across the Americas, Europe, and Asia aimed at handling temperature-sensitive pharmaceuticals, including GLP-1 weight loss drugs. UPS said the healthcare initiative is part of its broader effort to grow in higher-margin logistics services.
#global #Logistics
Scott Szwast, UPS vice president of international strategy, framed the spending as an effort to build out capabilities that help customers in specialized sectors navigate increasingly complicated global supply chains. "These investments are really aligned to one of our big strategic areas of focus, which is creating capabilities to enable our customers, particularly in complex industries, to more effectively run their global supply chains," he told CNBC.
Among the initiatives are a new hub in the Philippines slated for this year, a facility in Ontario, Canada, due to open in 2027, and an air hub at Hong Kong International Airport scheduled for 2028. UPS has also opened a technology-enabled logistics center in Taiwan and an Amsterdam facility that integrates freight forwarding, customs brokerage, and cold-chain capabilities under one roof. The Taiwan facility has used automation and robotics to cut total supply chain time by one day, Szwast said. UPS also operates weekly service on the Paris–Hong Kong route and the Shenzhen–Sydney route, each running five days a week.
Szwast said that as global supply chains come under growing strain, companies have moved to spread risk across multiple sourcing and distribution points rather than relying on a single node, even as those same businesses push out new products with unfamiliar logistics demands faster than ever before. "What they find in a lot of cases is that their supply chains look more like their histories than their strategies," he said.
The $2 billion figure encompasses a previously announced $48 million buildout of 27 temperature-controlled facilities across the Americas, Europe, and Asia aimed at handling temperature-sensitive pharmaceuticals, including GLP-1 weight loss drugs. UPS said the healthcare initiative is part of its broader effort to grow in higher-margin logistics services.
#global #Logistics
2 days ago
A new report is warning that networks aligned with the Muslim Brotherhood have become deeply embedded in Canada, raising concerns that Islamist influence taking root north of the border could pose a broader threat to the U.S. and Western democracies.
A report from the Institute for the Study of Global Antisemitism and Policy (ISGAP) revealed ties between Muslim Brotherhood-aligned groups and Canadian democratic institutions, civil society, electoral politics and higher education, demonstrating similarities with other activist movements in the West, a phenomenon some ****** ysts have described as the "red-green alliance."
"Canada's challenge is not simply the presence of individual extremist voices or isolated institutional weakness. The report maps how interconnected ideological networks acquire legitimacy, institutional access, public funding, political influence and protection from scrutiny," Charles Asher Small, the research institute's executive director, told Fox News Digital.
Turkey's Nato Role Under Scrutiny Amid New Report On Hamas, Muslim Brotherhood Ties
Protestors carrying Palestinian flags, gathered outside Consulate General of Israel, during a rally organized by Palestinian Youth Movement (PYM) Toronto and marched in downtown Toronto.
#ties
A report from the Institute for the Study of Global Antisemitism and Policy (ISGAP) revealed ties between Muslim Brotherhood-aligned groups and Canadian democratic institutions, civil society, electoral politics and higher education, demonstrating similarities with other activist movements in the West, a phenomenon some ****** ysts have described as the "red-green alliance."
"Canada's challenge is not simply the presence of individual extremist voices or isolated institutional weakness. The report maps how interconnected ideological networks acquire legitimacy, institutional access, public funding, political influence and protection from scrutiny," Charles Asher Small, the research institute's executive director, told Fox News Digital.
Turkey's Nato Role Under Scrutiny Amid New Report On Hamas, Muslim Brotherhood Ties
Protestors carrying Palestinian flags, gathered outside Consulate General of Israel, during a rally organized by Palestinian Youth Movement (PYM) Toronto and marched in downtown Toronto.
#ties
2 days ago
RGA Investment Advisors, an investment management company, has released its second-quarter 2026 investor letter. The letter can be downloaded here. The letter addresses the incorporation of AI into investment strategies and the dramatic changes in market dynamics that have emerged, specifically referencing the AI Bottleneck 40. This group of stocks is crucial to data center infrastructure. Initially, these stocks were closely aligned with the S&P, but by mid-2025, they began to diverge and outperform the index, exhibiting significant volatility, with realized volatility rates approaching 60%. The letter stresses the importance of continually monitoring these trends and adjusting the investment strategy. Also, check the fund's top five holdings to see its best picks in 2026.
In its Q2 2026 investor letter, RGA Investment Advisors highlighted Roku, Inc. (NASDAQ:ROKU). Headquartered in San Jose, California, Roku, Inc. (NASDAQ:ROKU) is a TV streaming platform. On August 24, 2026, Roku, Inc. (NASDAQ:ROKU) closed at $158.18 per share, reflecting a market capitalization of $23.48 billion. Roku, Inc. (NASDAQ:ROKU) posted a one‑month return of 9.92%, while its shares gained 65.53% over the past 52 weeks.
RGA Investment Advisors stated the following regarding Roku, Inc. (NASDAQ:ROKU) in its Q2 2026 investor letter:
"On June 15th, Roku, Inc. (NASDAQ:ROKU) announced that it would be acquired by Fox Corp (FOXA). We first bought shares in Roku in late 2018 and what a wild ride it has been. We sold shares several times along the way and bought meaningfully more when the remaining position almost fully round-tripped to our basis. Had you told us the outcome ex ante in 2018, we would have been excited. Yet it all feels bittersweet, with solid overall returns accompanied by a half-dozen impactful lessons that continue to shape how we approach underwriting stocks, portfolio management and the tax consequences of selling.
As with many companies and investors, COVID led to some behavioral changes that were costly. Roku was distinctly on the right track toward correcting those errors by right-sizing the cost structure, building a robust strategy to drive ARPU and commencing a share repurchase program to capitalize on a cheap stock and healthy balance sheet. We applaud Roku's execution following their course correction.
#advisors #investor #stocks
In its Q2 2026 investor letter, RGA Investment Advisors highlighted Roku, Inc. (NASDAQ:ROKU). Headquartered in San Jose, California, Roku, Inc. (NASDAQ:ROKU) is a TV streaming platform. On August 24, 2026, Roku, Inc. (NASDAQ:ROKU) closed at $158.18 per share, reflecting a market capitalization of $23.48 billion. Roku, Inc. (NASDAQ:ROKU) posted a one‑month return of 9.92%, while its shares gained 65.53% over the past 52 weeks.
RGA Investment Advisors stated the following regarding Roku, Inc. (NASDAQ:ROKU) in its Q2 2026 investor letter:
"On June 15th, Roku, Inc. (NASDAQ:ROKU) announced that it would be acquired by Fox Corp (FOXA). We first bought shares in Roku in late 2018 and what a wild ride it has been. We sold shares several times along the way and bought meaningfully more when the remaining position almost fully round-tripped to our basis. Had you told us the outcome ex ante in 2018, we would have been excited. Yet it all feels bittersweet, with solid overall returns accompanied by a half-dozen impactful lessons that continue to shape how we approach underwriting stocks, portfolio management and the tax consequences of selling.
As with many companies and investors, COVID led to some behavioral changes that were costly. Roku was distinctly on the right track toward correcting those errors by right-sizing the cost structure, building a robust strategy to drive ARPU and commencing a share repurchase program to capitalize on a cheap stock and healthy balance sheet. We applaud Roku's execution following their course correction.
#advisors #investor #stocks
2 days ago
RGA Investment Advisors, an investment management company, has released its second-quarter 2026 investor letter. The letter can be downloaded here. The letter addresses the incorporation of AI into investment strategies and the dramatic changes in market dynamics that have emerged, specifically referencing the AI Bottleneck 40. This group of stocks is crucial to data center infrastructure. Initially, these stocks were closely aligned with the S&P, but by mid-2025, they began to diverge and outperform the index, exhibiting significant volatility, with realized volatility rates approaching 60%. The letter stresses the importance of continually monitoring these trends and adjusting the investment strategy. Also, check the fund's top five holdings to see its best picks in 2026.
In its Q2 2026 investor letter, RGA Investment Advisors highlighted GitLab Inc. (NASDAQ:GTLB). GitLab Inc. (NASDAQ:GTLB) develops a platform that supports the software development lifecycle, covering DevSecOps lifecycle stages. On August 24, 2026, GitLab Inc. (NASDAQ:GTLB) closed at $42.03 per share, reflecting a market capitalization of $7.099 billion. GitLab Inc. (NASDAQ:GTLB) posted a one‑month return of 27.50%, while its shares lost 3.98% over the past 52 weeks.
RGA Investment Advisors stated the following regarding GitLab Inc. (NASDAQ:GTLB) in its Q2 2026 investor letter:
"We bought shares in GitLab Inc. (NASDAQ:GTLB). GitLab is a software company offering DevSecOps and git management for enterprises, serving as an essential "orchestrating" layer for companies to securely manage their codebase and IP. AI is unquestionably driving demand for GitLab's offerings, but there is concern around its traditional per seat pricing model versus a consumption-based model. If AI reduces the number of employees in technical roles at large enterprises, this presents a headwind to growth. This headwind has slowed top-line growth faster than GitLab's budding consumption-based models for AI agents have been able to replace the lost revenue. As it stands today, AI-based revenues are a small piece of the pie, but we expect substantial growth over time. At sub-4x EV/sales, around 20x EV/EBITDA and a free cash flow yield over 5%, we think the valuation is compelling for a business still growing its top line in the high teens and playing an increasingly important role in enterprise AI workflows."
GitLab Inc. (NASDAQ:GTLB) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 50 hedge fund portfolios held GitLab Inc. (NASDAQ:GTLB) at the end of the second quarter, which was 43 in the previous quarter. While we acknowledge the potential of GitLab Inc. (NASDAQ:GTLB) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI
In its Q2 2026 investor letter, RGA Investment Advisors highlighted GitLab Inc. (NASDAQ:GTLB). GitLab Inc. (NASDAQ:GTLB) develops a platform that supports the software development lifecycle, covering DevSecOps lifecycle stages. On August 24, 2026, GitLab Inc. (NASDAQ:GTLB) closed at $42.03 per share, reflecting a market capitalization of $7.099 billion. GitLab Inc. (NASDAQ:GTLB) posted a one‑month return of 27.50%, while its shares lost 3.98% over the past 52 weeks.
RGA Investment Advisors stated the following regarding GitLab Inc. (NASDAQ:GTLB) in its Q2 2026 investor letter:
"We bought shares in GitLab Inc. (NASDAQ:GTLB). GitLab is a software company offering DevSecOps and git management for enterprises, serving as an essential "orchestrating" layer for companies to securely manage their codebase and IP. AI is unquestionably driving demand for GitLab's offerings, but there is concern around its traditional per seat pricing model versus a consumption-based model. If AI reduces the number of employees in technical roles at large enterprises, this presents a headwind to growth. This headwind has slowed top-line growth faster than GitLab's budding consumption-based models for AI agents have been able to replace the lost revenue. As it stands today, AI-based revenues are a small piece of the pie, but we expect substantial growth over time. At sub-4x EV/sales, around 20x EV/EBITDA and a free cash flow yield over 5%, we think the valuation is compelling for a business still growing its top line in the high teens and playing an increasingly important role in enterprise AI workflows."
GitLab Inc. (NASDAQ:GTLB) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 50 hedge fund portfolios held GitLab Inc. (NASDAQ:GTLB) at the end of the second quarter, which was 43 in the previous quarter. While we acknowledge the potential of GitLab Inc. (NASDAQ:GTLB) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI
2 days ago
RGA Investment Advisors, an investment management company, has released its second-quarter 2026 investor letter. The letter can be downloaded here. The letter addresses the incorporation of AI into investment strategies and the dramatic changes in market dynamics that have emerged, specifically referencing the AI Bottleneck 40. This group of stocks is crucial to data center infrastructure. Initially, these stocks were closely aligned with the S&P, but by mid-2025, they began to diverge and outperform the index, exhibiting significant volatility, with realized volatility rates approaching 60%. The letter stresses the importance of continually monitoring these trends and adjusting the investment strategy. Also, check the fund's top five holdings to see its best picks in 2026.
In its Q2 2026 investor letter, RGA Investment Advisors highlighted Adobe Inc. (NASDAQ:ADBE). Adobe Inc. (NASDAQ:ADBE) is a multinational technology company that offers creative, digital media, and document management products. On August 24, 2026, Adobe Inc. (NASDAQ:ADBE) closed at $276.27 per share, reflecting a market capitalization of $109.82 billion. Adobe Inc. (NASDAQ:ADBE) posted a one‑month return of 10.87%, while its shares lost 22.16% over the past 52 weeks.
RGA Investment Advisors stated the following regarding Adobe Inc. (NASDAQ:ADBE) in its Q2 2026 investor letter:
"We had watched and studied Adobe Inc. (NASDAQ:ADBE) with admiration for many years following their evolution from selling licensed software to subscription software. Adobe became the template by which numerous other software companies pivoted to SaaS and the rest, as they say, is history. Or so we all thought. Over the past several years, Adobe's shares have dropped dramatically. At first, the concern was competition from Figma and Canva. Then Adobe became Exhibit 1 in the "AI losers basket." We think Adobe is far more resilient than fears suggest. Similar to GitLab, there is seat-based pricing risk; however, in many industries, Adobe's offerings are irreplaceable, even with AI. Moreover, Adobe is in a great position to become the layer on top of which key AI workflows are built. Data and context are critical to these workflows, and Adobe has considerable advantages in both. We acknowledge some of the risks Adobe faces, but at a P/E of sub-10x and a FCF yield north of 10%, the market is pricing the stock as a melting ice cube while growth is still right around 10%. The company is using its healthy balance sheet and robust free cash flow to repurchase shares at a healthy clip. We think this is a potent setup as the company proves its resilience for the AI era."
#shares
In its Q2 2026 investor letter, RGA Investment Advisors highlighted Adobe Inc. (NASDAQ:ADBE). Adobe Inc. (NASDAQ:ADBE) is a multinational technology company that offers creative, digital media, and document management products. On August 24, 2026, Adobe Inc. (NASDAQ:ADBE) closed at $276.27 per share, reflecting a market capitalization of $109.82 billion. Adobe Inc. (NASDAQ:ADBE) posted a one‑month return of 10.87%, while its shares lost 22.16% over the past 52 weeks.
RGA Investment Advisors stated the following regarding Adobe Inc. (NASDAQ:ADBE) in its Q2 2026 investor letter:
"We had watched and studied Adobe Inc. (NASDAQ:ADBE) with admiration for many years following their evolution from selling licensed software to subscription software. Adobe became the template by which numerous other software companies pivoted to SaaS and the rest, as they say, is history. Or so we all thought. Over the past several years, Adobe's shares have dropped dramatically. At first, the concern was competition from Figma and Canva. Then Adobe became Exhibit 1 in the "AI losers basket." We think Adobe is far more resilient than fears suggest. Similar to GitLab, there is seat-based pricing risk; however, in many industries, Adobe's offerings are irreplaceable, even with AI. Moreover, Adobe is in a great position to become the layer on top of which key AI workflows are built. Data and context are critical to these workflows, and Adobe has considerable advantages in both. We acknowledge some of the risks Adobe faces, but at a P/E of sub-10x and a FCF yield north of 10%, the market is pricing the stock as a melting ice cube while growth is still right around 10%. The company is using its healthy balance sheet and robust free cash flow to repurchase shares at a healthy clip. We think this is a potent setup as the company proves its resilience for the AI era."
#shares
2 days ago
Sustainable Growth Advisers (SGA), an investment management company, released its second-quarter 2026 investor letter for its "Global Growth Strategy." The letter can be downloaded here. The SGA Global Growth Portfolio returned 7.4% gross and 7.2% net, compared with 14.9% for the MSCI ACWI and 19.8% for the MSCI ACWI Growth Index. Momentum leadership and enthusiasm around AI infrastructure drove markets, with semiconductor, memory, and hardware stocks accounting for much of the gain. Although the portfolio owned AI beneficiaries, broader holdings lagged despite fundamentals, as median revenue and EPS growth reached 12% and 14% and more than 60% of the holdings beat expectations. SGA believes valuation compression reflects sentiment rather than weaker business quality, leaving the portfolio near its widest discount to the market since inception. The firm continues to favor durable compounders and expects 16% revenue growth and 20% earnings growth over three years. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its second-quarter 2026 investor letter, SGA Global Growth Strategy highlighted Canadian Pacific Kansas City Limited (NYSE:CP). Canadian Pacific Kansas City Limited (NYSE:CP) owns and operates a transcontinental freight railway in Canada and internationally. On August 24, 2026, Canadian Pacific Kansas City Limited (NYSE:CP) closed at $94.68 per share. The one-month return of Canadian Pacific Kansas City Limited (NYSE:CP) was 3.25%, and its shares gained 24.17% over the past 52 weeks. Canadian Pacific Kansas City Limited (NYSE:CP) has a market capitalization of $83.25 billion.
SGA Global Growth Strategy stated the following regarding Canadian Pacific Kansas City Limited (NYSE:CP) in its Q2 2026 investor letter:
"We engaged with management of Canadian Pacific Kansas City Limited (NYSE:CP) in advance of the company's annual meeting to discuss its climate strategy and a proposal on climate-related disclosures. A key topic of discussion was the company's decision to defer establishing a Science Based Targets initiative (SBTi)-validated 1.5°C-aligned emissions reduction target. While the ISS Sustainability policy recommended voting against the climate proposal due to the absence of intermediate and long-term emissions targets, management explained that the delay stemmed from the lack of a finalized intensity-based methodology from SBTi appropriate for the freight rail industry, emphasizing that CPKC remains committed to its existing goal of reducing locomotive well-to-wheel emissions intensity by 36.9% by 2030 and continues to work with SBTi as industryspecific frameworks evolve. Management highlighted continued spending on locomotive fleet modernization, including investment in new Tier 4 locomotives, expansion of its hydrogen locomotive program, and trials of renewable fuels. After reviewing the company's disclosures, proxy materials, and feedback from management, we concluded that the company is making goo
In its second-quarter 2026 investor letter, SGA Global Growth Strategy highlighted Canadian Pacific Kansas City Limited (NYSE:CP). Canadian Pacific Kansas City Limited (NYSE:CP) owns and operates a transcontinental freight railway in Canada and internationally. On August 24, 2026, Canadian Pacific Kansas City Limited (NYSE:CP) closed at $94.68 per share. The one-month return of Canadian Pacific Kansas City Limited (NYSE:CP) was 3.25%, and its shares gained 24.17% over the past 52 weeks. Canadian Pacific Kansas City Limited (NYSE:CP) has a market capitalization of $83.25 billion.
SGA Global Growth Strategy stated the following regarding Canadian Pacific Kansas City Limited (NYSE:CP) in its Q2 2026 investor letter:
"We engaged with management of Canadian Pacific Kansas City Limited (NYSE:CP) in advance of the company's annual meeting to discuss its climate strategy and a proposal on climate-related disclosures. A key topic of discussion was the company's decision to defer establishing a Science Based Targets initiative (SBTi)-validated 1.5°C-aligned emissions reduction target. While the ISS Sustainability policy recommended voting against the climate proposal due to the absence of intermediate and long-term emissions targets, management explained that the delay stemmed from the lack of a finalized intensity-based methodology from SBTi appropriate for the freight rail industry, emphasizing that CPKC remains committed to its existing goal of reducing locomotive well-to-wheel emissions intensity by 36.9% by 2030 and continues to work with SBTi as industryspecific frameworks evolve. Management highlighted continued spending on locomotive fleet modernization, including investment in new Tier 4 locomotives, expansion of its hydrogen locomotive program, and trials of renewable fuels. After reviewing the company's disclosures, proxy materials, and feedback from management, we concluded that the company is making goo
2 days ago
Sustainable Growth Advisers (SGA), an investment management company, released its second-quarter 2026 investor letter for its "Global Growth Strategy." The letter can be downloaded here. The SGA Global Growth Portfolio returned 7.4% gross and 7.2% net, compared with 14.9% for the MSCI ACWI and 19.8% for the MSCI ACWI Growth Index. Momentum leadership and enthusiasm around AI infrastructure drove markets, with semiconductor, memory, and hardware stocks accounting for much of the gain. Although the portfolio owned AI beneficiaries, broader holdings lagged despite fundamentals, as median revenue and EPS growth reached 12% and 14% and more than 60% of the holdings beat expectations. SGA believes valuation compression reflects sentiment rather than weaker business quality, leaving the portfolio near its widest discount to the market since inception. The firm continues to favor durable compounders and expects 16% revenue growth and 20% earnings growth over three years. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its second-quarter 2026 investor letter, SGA Global Growth Strategy highlighted Yum! Brands, Inc. (NYSE:YUM). Yum! Brands, Inc. (NYSE:YUM) develops, operates, and franchises traditional and non-traditional quick service restaurants in the United States and internationally. On August 24, 2026, Yum! Brands, Inc. (NYSE:YUM) closed at $157.35 per share. The one-month return of Yum! Brands, Inc. (NYSE:YUM) was 4.4%, and its shares gained 6.7% over the past 52 weeks. Yum! Brands, Inc. (NYSE:YUM) has a market capitalization of $42.84 billion.
SGA Global Growth Strategy stated the following regarding Yum! Brands, Inc. (NYSE:YUM) in its Q2 2026 investor letter:
"We met with Jon Hixon, Yum! Brands, Inc.'s (NYSE:YUM) Chief Sustainability Officer, as well as members of legal and human resources teams to discuss several topics relevant to our investment thesis, including human capital management, geopolitical and reputational risks, corporate governance, and sustainability reporting. During the discussion, we were pleased to hear that Yum's next sustainability report would include, for the first time, disclosures aligned with the Taskforce on Nature-related Financial Disclosures (TNFD) framework, alongside its existing climate-related reporting. The addition of TNFD reporting reflects the company's ongoing efforts to ******* s and disclose nature-related dependencies, impacts, risks, and opportunities across its agricultural supply chain. A key focus of the engagement was Pizza Hut's ongoing strategic review and the ******* ociated human capital implications. Management outlined several retention initiatives designed to support workforce stability during the review process, including broad-based retention bonuses for employees and targeted retention awards for critical leadership and operational roles. While the company had experienced a modest increase in employee turnover, management indicated that attrition remai
In its second-quarter 2026 investor letter, SGA Global Growth Strategy highlighted Yum! Brands, Inc. (NYSE:YUM). Yum! Brands, Inc. (NYSE:YUM) develops, operates, and franchises traditional and non-traditional quick service restaurants in the United States and internationally. On August 24, 2026, Yum! Brands, Inc. (NYSE:YUM) closed at $157.35 per share. The one-month return of Yum! Brands, Inc. (NYSE:YUM) was 4.4%, and its shares gained 6.7% over the past 52 weeks. Yum! Brands, Inc. (NYSE:YUM) has a market capitalization of $42.84 billion.
SGA Global Growth Strategy stated the following regarding Yum! Brands, Inc. (NYSE:YUM) in its Q2 2026 investor letter:
"We met with Jon Hixon, Yum! Brands, Inc.'s (NYSE:YUM) Chief Sustainability Officer, as well as members of legal and human resources teams to discuss several topics relevant to our investment thesis, including human capital management, geopolitical and reputational risks, corporate governance, and sustainability reporting. During the discussion, we were pleased to hear that Yum's next sustainability report would include, for the first time, disclosures aligned with the Taskforce on Nature-related Financial Disclosures (TNFD) framework, alongside its existing climate-related reporting. The addition of TNFD reporting reflects the company's ongoing efforts to ******* s and disclose nature-related dependencies, impacts, risks, and opportunities across its agricultural supply chain. A key focus of the engagement was Pizza Hut's ongoing strategic review and the ******* ociated human capital implications. Management outlined several retention initiatives designed to support workforce stability during the review process, including broad-based retention bonuses for employees and targeted retention awards for critical leadership and operational roles. While the company had experienced a modest increase in employee turnover, management indicated that attrition remai
3 days ago
COLUMBIA, S.C. (AP) — U.S. Sen. Darline Graham and U.S. Rep. Ralph Norman face South Carolina voters yet again Tuesday in a special Republican primary runoff to replace the late Lindsey Graham in the Senate, one month after his sudden death.
The two-week runoff window since the two Republicans were the top vote getters in an Aug. 11 primary has been a slugfest. Darline Graham — a political newcomer serving as interim replacement for her late brother — has struggled to define herself to voters who routinely backed Lindsey Graham in the heavily Republican state. Norman, who's served the better part of two decades in state and federal elected office, has stressed his experience to voters already aware of him from his years in Congress, plus an unsuccessful run for governor earlier this year.
In the background of all of this is President Donald Trump, the longtime Lindsey Graham ally who endorsed Darline Graham's candidacy to replace her brother in the November general election before she even entered the race, stumped for her in the state days ahead of the runoff and held a runoff-eve tele-rally with Graham.
On Monday, MAGA Inc., the super PAC that supports Trump and aligned Republicans — but has spent little thus far on Trump's picks in this year's midterms — infused nearly $830,000 into Graham's campaign for voter calls and text message blasts.
Among the unknowns are if Trump's backing is enough to boost the novice candidate with the famous last name, but whose political positions were previously unknown, across the finish line to the nomination. Also yet to be determined is if Norman's hard-line conservatism has an appeal statewide, two months after he finished third in the Republican governor's primary.
#norman
The two-week runoff window since the two Republicans were the top vote getters in an Aug. 11 primary has been a slugfest. Darline Graham — a political newcomer serving as interim replacement for her late brother — has struggled to define herself to voters who routinely backed Lindsey Graham in the heavily Republican state. Norman, who's served the better part of two decades in state and federal elected office, has stressed his experience to voters already aware of him from his years in Congress, plus an unsuccessful run for governor earlier this year.
In the background of all of this is President Donald Trump, the longtime Lindsey Graham ally who endorsed Darline Graham's candidacy to replace her brother in the November general election before she even entered the race, stumped for her in the state days ahead of the runoff and held a runoff-eve tele-rally with Graham.
On Monday, MAGA Inc., the super PAC that supports Trump and aligned Republicans — but has spent little thus far on Trump's picks in this year's midterms — infused nearly $830,000 into Graham's campaign for voter calls and text message blasts.
Among the unknowns are if Trump's backing is enough to boost the novice candidate with the famous last name, but whose political positions were previously unknown, across the finish line to the nomination. Also yet to be determined is if Norman's hard-line conservatism has an appeal statewide, two months after he finished third in the Republican governor's primary.
#norman
3 days ago
BOGOTA, Colombia (AP) — Colombian President Abelardo de la Espriella has promised to deport thousands of migrants who are in the country without residence permits, mainly Venezuelans, as he attempts to make significant changes to the nation's immigration policies that he says will reduce crime.
De la Espriella, who was sworn into office three weeks ago, said that he would order the country's national immigration service to conduct raids with Colombian police as early as this week. He announced the new policy in a video released on Sunday night in his X account where he spoke of multiple measures to reduce crime and confront criminal groups.
The ultra conservative leader, who is closely aligned with the U.S. President Donald Trump, said that law enforcement will first target migrants who are "committing crimes" and then, those who are living in the country without regular status.
"I will not accept any illegal immigrants, wherever they come from," de la Espriella said in the video. "They will have to leave and be deported. It is a political decision I am taking responsibility for."
Most migrants living in Colombia come from neighboring Venezuela, a nation that lost about a fifth of its population over the past decade as Venezuelans fled a repressive regime that oversaw years of economic turmoil, and a 75% contraction in the nation's GDP.
#without
De la Espriella, who was sworn into office three weeks ago, said that he would order the country's national immigration service to conduct raids with Colombian police as early as this week. He announced the new policy in a video released on Sunday night in his X account where he spoke of multiple measures to reduce crime and confront criminal groups.
The ultra conservative leader, who is closely aligned with the U.S. President Donald Trump, said that law enforcement will first target migrants who are "committing crimes" and then, those who are living in the country without regular status.
"I will not accept any illegal immigrants, wherever they come from," de la Espriella said in the video. "They will have to leave and be deported. It is a political decision I am taking responsibility for."
Most migrants living in Colombia come from neighboring Venezuela, a nation that lost about a fifth of its population over the past decade as Venezuelans fled a repressive regime that oversaw years of economic turmoil, and a 75% contraction in the nation's GDP.
#without
3 days ago
UPS disclosed Monday that it is investing more than $2 billion across its international, healthcare, and supply chain solutions businesses, revealing the total figure for the first time. The investments began in 2024 and are set to continue through 2028, the company said.
Scott Szwast, UPS vice president of international strategy, framed the spending as an effort to build out capabilities that help customers in specialized sectors navigate increasingly complicated global supply chains. "These investments are really aligned to one of our big strategic areas of focus, which is creating capabilities to enable our customers, particularly in complex industries, to more effectively run their global supply chains," he told CNBC.
Among the initiatives are a new hub in the Philippines slated for this year, a facility in Ontario, Canada, due to open in 2027, and an air hub at Hong Kong International Airport scheduled for 2028. UPS has also opened a technology-enabled logistics center in Taiwan and an Amsterdam facility that integrates freight forwarding, customs brokerage, and cold-chain capabilities under one roof. The Taiwan facility has used automation and robotics to cut total supply chain time by one day, Szwast said. UPS also operates weekly service on the Paris–Hong Kong route and the Shenzhen–Sydney route, each running five days a week.
Szwast said that as global supply chains come under growing strain, companies have moved to spread risk across multiple sourcing and distribution points rather than relying on a single node, even as those same businesses push out new products with unfamiliar logistics demands faster than ever before. "What they find in a lot of cases is that their supply chains look more like their histories than their strategies," he said.
The $2 billion figure encompasses a previously announced $48 million buildout of 27 temperature-controlled facilities across the Americas, Europe, and Asia aimed at handling temperature-sensitive pharmaceuticals, including GLP-1 weight loss drugs. UPS said the healthcare initiative is part of its broader effort to grow in higher-margin logistics services.
#chains #facility #Logistics
Scott Szwast, UPS vice president of international strategy, framed the spending as an effort to build out capabilities that help customers in specialized sectors navigate increasingly complicated global supply chains. "These investments are really aligned to one of our big strategic areas of focus, which is creating capabilities to enable our customers, particularly in complex industries, to more effectively run their global supply chains," he told CNBC.
Among the initiatives are a new hub in the Philippines slated for this year, a facility in Ontario, Canada, due to open in 2027, and an air hub at Hong Kong International Airport scheduled for 2028. UPS has also opened a technology-enabled logistics center in Taiwan and an Amsterdam facility that integrates freight forwarding, customs brokerage, and cold-chain capabilities under one roof. The Taiwan facility has used automation and robotics to cut total supply chain time by one day, Szwast said. UPS also operates weekly service on the Paris–Hong Kong route and the Shenzhen–Sydney route, each running five days a week.
Szwast said that as global supply chains come under growing strain, companies have moved to spread risk across multiple sourcing and distribution points rather than relying on a single node, even as those same businesses push out new products with unfamiliar logistics demands faster than ever before. "What they find in a lot of cases is that their supply chains look more like their histories than their strategies," he said.
The $2 billion figure encompasses a previously announced $48 million buildout of 27 temperature-controlled facilities across the Americas, Europe, and Asia aimed at handling temperature-sensitive pharmaceuticals, including GLP-1 weight loss drugs. UPS said the healthcare initiative is part of its broader effort to grow in higher-margin logistics services.
#chains #facility #Logistics
4 days ago
Nottingham Forest are firmly in the picture for Marc Casado, with TeamTalk reporting that the Premier League club are currently leading the race for the Barcelona midfielder.
The 22-year-old is understood to be weighing up his future after finding opportunities limited under Hansi Flick. Casado started only 10 games last season, and there is now a growing acceptance that a fresh move could suit all parties. Forest's interest appears serious, timely and potentially well aligned with the player's own priorities.
Casado remains highly regarded at Barcelona, but the situation has shifted. The report states the Catalan club are ready to let him explore a transfer, while his standing has been further affected by a symbolic detail, his No.17 shirt has been given to Anthony Gordon. For any player, that sends a message.
According to the report, Casado now feels "a change of club is the best option for his development". That line matters, because it points to a player seeking clarity, minutes and progression, rather than simply a move for status.
There has been no shortage of interest. Manchester City's wider ownership model and Chelsea's multi-club structure both looked into a deal earlier this summer. However, "Casado rejected that route because he felt it would be too similar to the situation he is trying to escape from at Barcelona." In short, he wants certainty.
#club
The 22-year-old is understood to be weighing up his future after finding opportunities limited under Hansi Flick. Casado started only 10 games last season, and there is now a growing acceptance that a fresh move could suit all parties. Forest's interest appears serious, timely and potentially well aligned with the player's own priorities.
Casado remains highly regarded at Barcelona, but the situation has shifted. The report states the Catalan club are ready to let him explore a transfer, while his standing has been further affected by a symbolic detail, his No.17 shirt has been given to Anthony Gordon. For any player, that sends a message.
According to the report, Casado now feels "a change of club is the best option for his development". That line matters, because it points to a player seeking clarity, minutes and progression, rather than simply a move for status.
There has been no shortage of interest. Manchester City's wider ownership model and Chelsea's multi-club structure both looked into a deal earlier this summer. However, "Casado rejected that route because he felt it would be too similar to the situation he is trying to escape from at Barcelona." In short, he wants certainty.
#club
4 days ago
Content creator and golf brand Good Good has apologised and removed an advertisement for a new golf driver which showed a woman being pushed to the ground after reaching for the club.
American company Good Good, which has 2.13m subscribers to its golf channel on YouTube and sponsors a PGA Tour tournament, had created and published the advert for golf club manufacturer Callaway.
The advert drew a backlash and was accused of making light of violence against women.
"We posted a video to our channels that ultimately depicted actions that are not aligned with our values as a brand," read the Good Good apology on X.
"We have since taken that content down, and sincerely apologise.
#golf #youtube #tour
American company Good Good, which has 2.13m subscribers to its golf channel on YouTube and sponsors a PGA Tour tournament, had created and published the advert for golf club manufacturer Callaway.
The advert drew a backlash and was accused of making light of violence against women.
"We posted a video to our channels that ultimately depicted actions that are not aligned with our values as a brand," read the Good Good apology on X.
"We have since taken that content down, and sincerely apologise.
#golf #youtube #tour
5 days ago
Good Good Golf has issued an apology following the release of an objectionable video promoting the new Callaway driver.
The ad, which has since been taken down after being posted to Good Good's social channels, depicted one of Good Good's members knocking down a female member reaching for his golf bag and then standing over her, saying, "Do not touch my new driver."
On Saturday afternoon, nearly 24 hours after the release of the video, Good Good posted an apology graphic:
"We posted a video to our channels that ultimately depicted actions that are not aligned with our values as a brand," the statement read. "We have since taken that content down and sincerely apologize. Good Good has always stood for making the game of golf more inclusive to all, and we will continue to ensure that is our mission moving forward."
Good Good, which has over 2 million YouTube subscribers, has relationships across the golf industry. The brand will be ******* le-sponsoring a PGA Tour event this fall and has multiple members participating in Golf Channel's upcoming Big Break reboot.
#golf #release
The ad, which has since been taken down after being posted to Good Good's social channels, depicted one of Good Good's members knocking down a female member reaching for his golf bag and then standing over her, saying, "Do not touch my new driver."
On Saturday afternoon, nearly 24 hours after the release of the video, Good Good posted an apology graphic:
"We posted a video to our channels that ultimately depicted actions that are not aligned with our values as a brand," the statement read. "We have since taken that content down and sincerely apologize. Good Good has always stood for making the game of golf more inclusive to all, and we will continue to ensure that is our mission moving forward."
Good Good, which has over 2 million YouTube subscribers, has relationships across the golf industry. The brand will be ******* le-sponsoring a PGA Tour event this fall and has multiple members participating in Golf Channel's upcoming Big Break reboot.
#golf #release
5 days ago
Republican lawmakers are still locked in a power struggle with the White House over control of federal cash, long since President Donald Trump swept back into office with unprecedented orders undermining Congress' power of the purse.
Earlier this month, GOP senators overwhelmingly agreed to a bipartisan government funding bill that would temporarily block the Trump administration from finalizing a federal rule to let political appointees steer money toward grants "aligned with the president's agenda." The House could clear that bill next month, and Trump is expected to sign it to avert a shutdown before the midterms.
And while the days of widespread funding freezes might be over, the Trump administration continues to create new rules for federal grants and then deny funding based on them — only to be repeatedly shot down in court this summer.
Lawmakers in both parties have also blasted White House budget director Russ Vought this year for delaying the release of cash for congressionally backed programs for antipoverty services, foreign **** istance, banking in underserved areas and more.
"Congress has appropriated money, and you don't have the authority to impound it," Sen. Chuck Grassley (R-Iowa) chastised Vought this spring over the withholding of hundreds of millions of dollars the Trump administration is supposed to send quarterly to states.
#Trump #administration #power
Earlier this month, GOP senators overwhelmingly agreed to a bipartisan government funding bill that would temporarily block the Trump administration from finalizing a federal rule to let political appointees steer money toward grants "aligned with the president's agenda." The House could clear that bill next month, and Trump is expected to sign it to avert a shutdown before the midterms.
And while the days of widespread funding freezes might be over, the Trump administration continues to create new rules for federal grants and then deny funding based on them — only to be repeatedly shot down in court this summer.
Lawmakers in both parties have also blasted White House budget director Russ Vought this year for delaying the release of cash for congressionally backed programs for antipoverty services, foreign **** istance, banking in underserved areas and more.
"Congress has appropriated money, and you don't have the authority to impound it," Sen. Chuck Grassley (R-Iowa) chastised Vought this spring over the withholding of hundreds of millions of dollars the Trump administration is supposed to send quarterly to states.
#Trump #administration #power
7 days ago
Madison Investments, an investment advisor, released its second-quarter 2026 investor letter for the "Madison Large Cap Fund". A copy of the letter can be downloaded here. In the second quarter, U.S. stock market indices achieved their best performance since 2020, driven largely by a narrow group of Artificial Intelligence-related stocks. As in the pandemic's early days, investors are fixated on who will benefit from AI, reminiscent of the late 1990s internet bubble. Against this backdrop, The Madison Large Cap Fund (class I) returned 8.4% in the second quarter of 2026, compared to a 15.2% increase in the S&P 500 Index. The current market's extreme narrowness is concerning, and history suggests this won't persist. While AI is reshaping society and the economy, today's winners may not remain so, and booms could lead to busts. Additionally, factors such as a volatile federal administration, growing budget deficits, inflation, high interest rates, and strained consumer finances will significantly impact the economy and stock market in the future. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Madison Large Cap Fund highlighted Copart, Inc. (NASDAQ:CPRT). Copart, Inc. (NASDAQ:CPRT) is an online auction and vehicle remarketing services company. On August 19, 2026, Copart, Inc. (NASDAQ:CPRT) closed at $33.85 per share. One-month return of Copart, Inc. (NASDAQ:CPRT) was 24.10%, and its shares lost 29.21% over the past 52 weeks. Copart, Inc. (NASDAQ:CPRT) has a market capitalization of $31.26 billion.
Madison Large Cap Fund stated the following regarding Copart, Inc. (NASDAQ:CPRT) in its Q2 2026 investor letter:
"Volume growth at Copart, Inc. (NASDAQ:CPRT), which manages salvage vehicle auctions, continues to be weak due to more under-and-uninsured auto drivers and shifting market share amongst insurance carriers. While recent performance has been frustrating, Copart's earnings have grown at a healthy clip over the past few years, and its competitive position remains strong. The company also announced that Executive Chairman Jay Adair, who previously served as CEO for many years, will return to the role. We view this as a positive development. Jay was instrumental in building Copart over the past 30+ years, and his substantial ownership stake keeps him strongly aligned with shareholders."
Copart, Inc. (NASDAQ:CPRT) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 57 hedge fund portfolios held Copart, Inc. (NASDAQ:CPRT) at the end of the first quarter, compared to 68 in the previous quarter. In Q3 FY 2026, Copart, Inc.'s (NASDAQ:CPRT) consolidated revenue grew to $1.24 billion, up 2.1% from last year fueled by robust service and purchase vehicle sales. While we acknowledge the potential of Copart, Inc. (NASDAQ:CPRT) as an investment, we believe certain AI stocks offer greater upside potential and carry less do
In its Q2 2026 investor letter, Madison Large Cap Fund highlighted Copart, Inc. (NASDAQ:CPRT). Copart, Inc. (NASDAQ:CPRT) is an online auction and vehicle remarketing services company. On August 19, 2026, Copart, Inc. (NASDAQ:CPRT) closed at $33.85 per share. One-month return of Copart, Inc. (NASDAQ:CPRT) was 24.10%, and its shares lost 29.21% over the past 52 weeks. Copart, Inc. (NASDAQ:CPRT) has a market capitalization of $31.26 billion.
Madison Large Cap Fund stated the following regarding Copart, Inc. (NASDAQ:CPRT) in its Q2 2026 investor letter:
"Volume growth at Copart, Inc. (NASDAQ:CPRT), which manages salvage vehicle auctions, continues to be weak due to more under-and-uninsured auto drivers and shifting market share amongst insurance carriers. While recent performance has been frustrating, Copart's earnings have grown at a healthy clip over the past few years, and its competitive position remains strong. The company also announced that Executive Chairman Jay Adair, who previously served as CEO for many years, will return to the role. We view this as a positive development. Jay was instrumental in building Copart over the past 30+ years, and his substantial ownership stake keeps him strongly aligned with shareholders."
Copart, Inc. (NASDAQ:CPRT) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 57 hedge fund portfolios held Copart, Inc. (NASDAQ:CPRT) at the end of the first quarter, compared to 68 in the previous quarter. In Q3 FY 2026, Copart, Inc.'s (NASDAQ:CPRT) consolidated revenue grew to $1.24 billion, up 2.1% from last year fueled by robust service and purchase vehicle sales. While we acknowledge the potential of Copart, Inc. (NASDAQ:CPRT) as an investment, we believe certain AI stocks offer greater upside potential and carry less do
7 days ago
WASHINGTON (AP) — The Kennedy Center has told a federal court that it would not attempt to return President Donald Trump's name to the building's facade before at least Sept. 8 as another legal battle over the performing arts venue's future takes shape.
In a status report filed late Tuesday, opponents of the move said members of the Kennedy Center's Trump-aligned board "seem intent" on defying an earlier court order requiring the Republican president's name to be removed from the building. The Kennedy Center said it would not move forward with the plans until after Labor Day "at the earliest" to allow time for legal arguments.
Lawyers for Rep. Joyce Beatty, an Ohio Democrat who is an ex officio member of the board, pressed U.S. District Judge Christopher Cooper for an earlier ruling, arguing there is "every reason to believe that Defendants will attempt to effectuate some or part of this latest unlawful resolution at the earliest opportunity after September 8."
A board meeting this month that was expected to largely focus on options to close the Kennedy Center for renovations instead transformed into another push to attach Trump's name to the building, part of a broader move by the president and his supporters to leave a physical mark on the nation's capital.
The board passed a resolution to name the plaza in front of the building after Trump and add his name to the venue's facade so it would read "The John F. Kennedy Center for the Performing Arts Restored and Renovated By President Donald J. Trump." In the filing, Beatty said the board also agreed to add an additional reference to the president if the Trump Kennedy Center Fund reached $100 million.
#board #building #donald
In a status report filed late Tuesday, opponents of the move said members of the Kennedy Center's Trump-aligned board "seem intent" on defying an earlier court order requiring the Republican president's name to be removed from the building. The Kennedy Center said it would not move forward with the plans until after Labor Day "at the earliest" to allow time for legal arguments.
Lawyers for Rep. Joyce Beatty, an Ohio Democrat who is an ex officio member of the board, pressed U.S. District Judge Christopher Cooper for an earlier ruling, arguing there is "every reason to believe that Defendants will attempt to effectuate some or part of this latest unlawful resolution at the earliest opportunity after September 8."
A board meeting this month that was expected to largely focus on options to close the Kennedy Center for renovations instead transformed into another push to attach Trump's name to the building, part of a broader move by the president and his supporters to leave a physical mark on the nation's capital.
The board passed a resolution to name the plaza in front of the building after Trump and add his name to the venue's facade so it would read "The John F. Kennedy Center for the Performing Arts Restored and Renovated By President Donald J. Trump." In the filing, Beatty said the board also agreed to add an additional reference to the president if the Trump Kennedy Center Fund reached $100 million.
#board #building #donald
8 days ago
Kalshi filed with the Commodity Futures Trading Commission on Tuesday to launch perpetual futures contracts tied to U.S. equity indexes and copper, the company's latest effort to expand beyond its prediction market roots into traditional derivatives territory.
The equity index filing seeks to list a perpetual futures contract — known as a "perp" — on the MerQube U.S. Large Cap Index, which tracks the 500 largest companies listed and based in the U.S., according to CNBC. SEC approval is not required for the equity index contracts, Reuters reported, because broad-based equity baskets fall within the CFTC's regulatory purview rather than the SEC's.
The copper contract, designated COPPERPERP, would be a cash-settled perpetual futures contract referencing the spot price of copper in U.S. dollars per pound, using the Pyth Network XCU/USD price feed as its underlying price index, Kalshi said. Each contract would represent 1,000 pounds of copper, with a minimum tick of $0.0005 per pound. The contract would trade continuously from 6:00 PM Eastern Time on Sunday through 5:00 PM Eastern Time on Friday, with a funding payment calculated daily at 10:00 AM Eastern Time on weekdays to keep the contract price aligned with the spot reference price, Kalshi said.
Unlike standard futures, perpetual contracts have no set expiration, meaning traders can maintain a position for as long as they choose. To keep the contract price close to the spot market, the structure relies on periodic funding payments exchanged between opposing sides of the trade.
A month earlier, Kalshi had submitted a CFTC proposal for perps on precious metals such as gold and silver, according to CNBC. The equity index and copper filings extend that push into additional ****** et classes as the company works to position itself as a multi-asset derivatives exchange competing with established operators.
#price #kalshi #futures #time
The equity index filing seeks to list a perpetual futures contract — known as a "perp" — on the MerQube U.S. Large Cap Index, which tracks the 500 largest companies listed and based in the U.S., according to CNBC. SEC approval is not required for the equity index contracts, Reuters reported, because broad-based equity baskets fall within the CFTC's regulatory purview rather than the SEC's.
The copper contract, designated COPPERPERP, would be a cash-settled perpetual futures contract referencing the spot price of copper in U.S. dollars per pound, using the Pyth Network XCU/USD price feed as its underlying price index, Kalshi said. Each contract would represent 1,000 pounds of copper, with a minimum tick of $0.0005 per pound. The contract would trade continuously from 6:00 PM Eastern Time on Sunday through 5:00 PM Eastern Time on Friday, with a funding payment calculated daily at 10:00 AM Eastern Time on weekdays to keep the contract price aligned with the spot reference price, Kalshi said.
Unlike standard futures, perpetual contracts have no set expiration, meaning traders can maintain a position for as long as they choose. To keep the contract price close to the spot market, the structure relies on periodic funding payments exchanged between opposing sides of the trade.
A month earlier, Kalshi had submitted a CFTC proposal for perps on precious metals such as gold and silver, according to CNBC. The equity index and copper filings extend that push into additional ****** et classes as the company works to position itself as a multi-asset derivatives exchange competing with established operators.
#price #kalshi #futures #time
9 days ago
Rep. Debbie Wasserman Schultz has bested a young progressive challenger and an embattled former lawmaker after a hard-fought primary characterized by its racial overtones.
Schultz, a 21-year veteran of the House, stressed her seniority on the campaign trail and her ability to deliver services to constituents and secure federal funding for her district.
To secure her primary victory, Schultz defeated former Rep. Sheila Cherfilus-McCormick, who resigned in April following fraud allegations, and 27-year-old activist and teacher Elijah Manley, who is aligned with the progressive wing of the Democratic Party.
Jeffries Declines To Back Wasserman Schultz As Black Leaders Revolt Over District Switch
Mid-decade redistricting in Florida prompted Schultz to choose to run in Florida's 20th Congressional District, which has a stronger Democratic lean than her home constituency.
#wasserman #primary #year
Schultz, a 21-year veteran of the House, stressed her seniority on the campaign trail and her ability to deliver services to constituents and secure federal funding for her district.
To secure her primary victory, Schultz defeated former Rep. Sheila Cherfilus-McCormick, who resigned in April following fraud allegations, and 27-year-old activist and teacher Elijah Manley, who is aligned with the progressive wing of the Democratic Party.
Jeffries Declines To Back Wasserman Schultz As Black Leaders Revolt Over District Switch
Mid-decade redistricting in Florida prompted Schultz to choose to run in Florida's 20th Congressional District, which has a stronger Democratic lean than her home constituency.
#wasserman #primary #year
9 days ago
Real Madrid rarely do anything quietly, and even in a week without a blockbuster arrival, there is still plenty to read between the lines at the Bernabeu. According to The Athletic, the most important development concerns Endrick, the Brazilian forward whose immediate future has been the subject of considerable chatter. For now, that noise can be parked. The teenager is staying.
That alone says much about the current mood inside Madrid. A club of this scale is always planning for today and tomorrow, weighing instant need against long-term stardom. In Endrick, they have one of world football's most intriguing young attacking talents, and the decision to keep him points to a coaching staff that still sees practical use for him this season, not merely future promise.
The report states: "The most notable news was the decision that Brazilian striker Endrick will stay, despite rumours linking him with a loan move to Aston Villa and Roma." In the churn of summer speculation, clarity matters. This is clear. Real Madrid, Jose Mourinho and the player are aligned, at least for the opening phase of the campaign.
There is a tactical thread running through this decision. The Athletic reports that "The Portuguese coach does not see Bernardo Silva or Federico Valverde as regular performers on the right wing, so in addition to Yan Diomande and Brahim Diaz, he wants Endrick as an option for that position as well as at centre-forward." That is revealing in several ways.
First, Mourinho appears to be defining roles firmly. Valverde's vast gifts remain more persuasive in central and transitional zones, where his running power and authority can tilt matches. Bernardo Silva, if used in wider areas, would clearly be viewed more as a situational solution than a weekly answer. Endrick, then, becomes more than a young striker waiting politely in line. He becomes squad architecture.
#endrick #decision #Athletic #mourinho
That alone says much about the current mood inside Madrid. A club of this scale is always planning for today and tomorrow, weighing instant need against long-term stardom. In Endrick, they have one of world football's most intriguing young attacking talents, and the decision to keep him points to a coaching staff that still sees practical use for him this season, not merely future promise.
The report states: "The most notable news was the decision that Brazilian striker Endrick will stay, despite rumours linking him with a loan move to Aston Villa and Roma." In the churn of summer speculation, clarity matters. This is clear. Real Madrid, Jose Mourinho and the player are aligned, at least for the opening phase of the campaign.
There is a tactical thread running through this decision. The Athletic reports that "The Portuguese coach does not see Bernardo Silva or Federico Valverde as regular performers on the right wing, so in addition to Yan Diomande and Brahim Diaz, he wants Endrick as an option for that position as well as at centre-forward." That is revealing in several ways.
First, Mourinho appears to be defining roles firmly. Valverde's vast gifts remain more persuasive in central and transitional zones, where his running power and authority can tilt matches. Bernardo Silva, if used in wider areas, would clearly be viewed more as a situational solution than a weekly answer. Endrick, then, becomes more than a young striker waiting politely in line. He becomes squad architecture.
#endrick #decision #Athletic #mourinho
10 days ago
MEXICO CITY (AP) — Hundreds of people have been killed in the year since the U.S. military began bombing boats it accused of ferrying drugs off Latin America's Caribbean and Pacific coasts. Now, the Trump administration says it is seeking to extend that lethal campaign to land, pursuing deals that would put U.S. forces on the ground in allied nations across the region.
President Donald Trump's defense secretary, Pete Hegseth, announced last week during a visit to Panama that Colombia, Guatemala and Honduras had agreed to allow the U.S. to carry out joint military operations against criminal groups on their soil, following Ecuador, which launched similar missions with the U.S. in March. Guatemala, however, has denied reaching such an agreement.
It will be "like you saw with the strikes on the drug boats," Hegseth said during a military drill in the jungle in Panama. "Same effect on land. And so we're working with Ecuador. We're working with Colombia. We're working with partners to bring the fight to the (designated terrorist organizations) on land."
The expansion marks a new phase in the Trump administration's campaign to pressure governments across Latin America to align with its security priorities and ******* ert what it calls "American dominance over the Western Hemisphere."
Voters across the region are increasingly embracing Trump-aligned leaders, giving Washington more willing partners. But critics warn that the widening U.S. military campaign risks civilian casualties and a backlash against the U.S. that could outlast the Republican administration.
#Trump
President Donald Trump's defense secretary, Pete Hegseth, announced last week during a visit to Panama that Colombia, Guatemala and Honduras had agreed to allow the U.S. to carry out joint military operations against criminal groups on their soil, following Ecuador, which launched similar missions with the U.S. in March. Guatemala, however, has denied reaching such an agreement.
It will be "like you saw with the strikes on the drug boats," Hegseth said during a military drill in the jungle in Panama. "Same effect on land. And so we're working with Ecuador. We're working with Colombia. We're working with partners to bring the fight to the (designated terrorist organizations) on land."
The expansion marks a new phase in the Trump administration's campaign to pressure governments across Latin America to align with its security priorities and ******* ert what it calls "American dominance over the Western Hemisphere."
Voters across the region are increasingly embracing Trump-aligned leaders, giving Washington more willing partners. But critics warn that the widening U.S. military campaign risks civilian casualties and a backlash against the U.S. that could outlast the Republican administration.
#Trump
10 days ago
A massive structural shift is on the way in financial markets, where artificial intelligence hardware could increasingly become collateral for securitized credit. During the August 11 episode of CNBC's Mad Money, host Jim Cramer detailed how major investment institutions are preparing to issue "compute bonds" backed by data center equipment, drawing direct parallels to established securitized credit markets.
Cramer opened his commentary by pointing out how Wall Street leadership, including Goldman Sachs CEO David Solomon, aligned with NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang to champion data center ***** ets as long-lasting collateral:
Today, we're learning about the possibility of institutions offering compute bonds. This time, trading compute, that's a data center ***** et class, not unlike those securitizations in auto loans. There's Jensen Huang, CEO of NVIDIA, talking about the viability of the data center, long-lasting value of the chips in these warehouses full of servers. Then you had a series of ***** ans of finance talk about how logical the whole thing is. Then David Solomon, the CEO of Goldman Sachs, piped up and pushed them too.
To digest the mechanics of these proposed instruments, Cramer highlighted that compute bonds operate under the exact same structural framework as mortgage-backed or auto loan securities:
What you didn't hear, or at least I didn't hear until I digested it, was that these would be securitizations, just like securities backed by home loans or auto loans. Hence the strong endorsement of Goldman's David Solomon who can see the logic… Now, you may be wondering, will these pieces of paper be backed by the full faith and credit of Jensen Huang and NVIDIA? That's very funny, but no. But neither are the securities based on auto loans or home loans. There's a construct at work here, though. There's a belief that the ***** ets don't depreciate quickly, if at all.
#backed #center #jensen
Cramer opened his commentary by pointing out how Wall Street leadership, including Goldman Sachs CEO David Solomon, aligned with NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang to champion data center ***** ets as long-lasting collateral:
Today, we're learning about the possibility of institutions offering compute bonds. This time, trading compute, that's a data center ***** et class, not unlike those securitizations in auto loans. There's Jensen Huang, CEO of NVIDIA, talking about the viability of the data center, long-lasting value of the chips in these warehouses full of servers. Then you had a series of ***** ans of finance talk about how logical the whole thing is. Then David Solomon, the CEO of Goldman Sachs, piped up and pushed them too.
To digest the mechanics of these proposed instruments, Cramer highlighted that compute bonds operate under the exact same structural framework as mortgage-backed or auto loan securities:
What you didn't hear, or at least I didn't hear until I digested it, was that these would be securitizations, just like securities backed by home loans or auto loans. Hence the strong endorsement of Goldman's David Solomon who can see the logic… Now, you may be wondering, will these pieces of paper be backed by the full faith and credit of Jensen Huang and NVIDIA? That's very funny, but no. But neither are the securities based on auto loans or home loans. There's a construct at work here, though. There's a belief that the ***** ets don't depreciate quickly, if at all.
#backed #center #jensen
10 days ago
The Scottish Football ****** ociation has lost confidence in Gianni Infantino and will not be voting for his re-election as president of Fifa, chief executive Ian Maxwell has told BBC Sport.
Infantino is under increasing pressure over his attempt, later abandoned, to create a new company to manage the commercial and ticketing rights of all Fifa competitions, including the World Cups, with 21% to be sold off to a private investment company.
Fifa Forward Enterprise (FFE) was aborted after widespread criticism from several confederations, led by Uefa, which has threatened a boycott of all Fifa competitions.
"The position of the SFA has been clear since the 55 Uefa ****** ociations met," said Maxwell, speaking as he announced Belgian Sebastian Pocognoli as the new Scotland head coach.
"We have aligned ourselves with the Uefa position and 55 nations are stronger than one voice.
#position
Infantino is under increasing pressure over his attempt, later abandoned, to create a new company to manage the commercial and ticketing rights of all Fifa competitions, including the World Cups, with 21% to be sold off to a private investment company.
Fifa Forward Enterprise (FFE) was aborted after widespread criticism from several confederations, led by Uefa, which has threatened a boycott of all Fifa competitions.
"The position of the SFA has been clear since the 55 Uefa ****** ociations met," said Maxwell, speaking as he announced Belgian Sebastian Pocognoli as the new Scotland head coach.
"We have aligned ourselves with the Uefa position and 55 nations are stronger than one voice.
#position