With Noah Atubolu's dream of moving to the Premier League looking increasingly unlikely to be realised during the summer transfer window, SC Freiburg are now looking for the best possible alternative for the wantaway goalkeeper.
That currently appears to be Eintracht Frankfurt, who are reportedly considering a move for Atubolu as they look to bring in a new first-choice goalkeeper.
SC Freiburg head coach Julian Schuster could see such a move happening.
"Basically, Frankfurt are a very, very big club in Germany. So it could certainly be an option for him to be their goalkeeper," he said, according to Bild.
It remains to be seen whether the two clubs can reach an agreement. With Freiburg reportedly demanding €15 million to let Atubolu leave, it has been suggested that the goalkeeper could instead extend his contract by a further year, until 2028, and head out on loan.

#freiburg #atubolu #head #premier

American Federation of Teachers (AFT) President Randi Weingarten promoted a nationwide back-to-school boycott of retail giant Target over the weekend because the company had not condemned ICE operations in Minnesota — the location of its headquarters — prompting criticism from education advocates and a call for federal scrutiny.
"We gave Target ample time to stand with the communities in which they operate and help their neighbors, but its silence about federal immigration abuses has been deafening," Weingarten said in a statement.
"The issue could not be more pressing: Seven months since the murders of Alex Pretti and Renée Good, masked ICE agents are still in our streets, our schools and our communities, terrorizing families in the name of Donald Trump's illegal and immoral ****** ault on immigrants striving for their American Dream," she continued. "That's why we're urging our members to avoid Target and patronize more ethical shopping alternatives this back-to-school season."
Weingarten also shared a video on Instagram, where she directed families to the AFT's "Shop Smart, Not Target" website, which maps local back-to-school shopping alternatives. The organization launched the campaign Wednesday after sending Target CEO Michael Fiddelke letters in February and March.
American Federation of Teachers President Randi Weingarten promoted a nationwide Target boycott over the retailer's response to ICE operations.

#target #federation

PepsiCo (PEP) and Johnson & Johnson (JNJ) anchor the conservative tier, with 54 and 64 consecutive dividend raises and a combined yield near 3.5%.
Dividend-growth compounding turns $465,000 into roughly $1 million in a decade, unlocking $3,350 monthly without the principal erosion of high-yield alternatives.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
At age 53, with $465,000 tucked away, the goal is to build a portfolio that can start cutting monthly checks a decade from now. The math is unforgiving, but that 10‑year runway to age 63 changes which levers actually move the needle. Starting yield is one piece of the equation. Dividend growth is the other, and over a full decade, growth tends to win out.
This piece walks through what $465,000 produces today at three different yield levels, then shows why a lower-yield, faster-growing portfolio can out-earn a higher static payout by age 63. All three names in the framing, PepsiCo (NASDAQ:PEP), Johnson & Johnson (NYSE:JNJ), and Exxon Mobil (NYSE:XOM), sit inside the conservative tier for a reason.

#yield #Dividend

Manchester United may stand a genuine chance at landing Alejandro Balde, who is now willing to leave Barcelona.
The Red Devils have practically finalised their midfield revamp, as they're about to add Carlos Baleba to their squad. The Cameroonian will join Andrey Santos and Youri Tielemans, who signed for United last month.
Therefore, INEOS can now primarily focus on recruiting a new left-back in the final days of the summer transfer window.
At the start of the summer, United were keen to buy Lewis Hall, identifying him as the perfect long-term replacement for Luke Shaw. However, Newcastle United refused to negotiate a deal with their rivals, especially after selling three key players already: Sandro Tonali, Anthony Gordon, and Bruno Guimaraes.
Therefore, Man Utd have turned to alternative solutions, including Balde, who has been unsettled in Catalunya.

#balde #alejandro #baleba

The Dutch Grand Prix is bidding goodbye to Formula 1 on Sunday but its organizers say it could potentially "serve as an alternative venue" in the future amid continuing uncertainty over next year's schedule.
Already this year, the security situation in the Middle East following the outbreak of the Iran war has meant Bahrain's race was moved to Malaysia and the Saudi Arabian Grand Prix was canceled.
F1 has indicated at least one extra event in Europe if the season-ending races in Qatar and Abu Dhabi can't take place as planned. One likely candidate could be the Imola circuit in Italy. There are more question marks over how the four contracted Middle East races could be included in the 2027 schedule.
"Circuit Zandvoort could serve as an alternative venue in the future if another Grand Prix were unable to take place due to geopolitical circumstances, for example. The circuit's FIA Grade 1 license will remain valid for another three years," the Dutch Grand Prix organization told The ******* ociated Press in a statement Saturday.
"In practice, however, many factors would need to be considered, including the necessary permits, the availability of equipment and the required preparation time. Moreover, there are other venues on the Formula 1 calendar that would make more sense from a logistical perspective. At this stage, therefore, this is not a concrete scenario."

#formula #alternative #venue

Barcelona are gearing up for an important week ahead, as the club race against time to sign a new striker.
Their pursuit of top target Julian Alvarez hasn't amounted to anything, which has led the club to consider potential alternatives, in their quest to sign a new number nine this summer.
While the likes of Lautaro Martinez, Viktor Gyokeres and Luis Suarez have been linked with a move to Barcelona lately, the club are also interested in a relatively less popular Nicolo Tresoldi.
Tresoldi is rated highly in Germany. (Photo by Levan Verdzeuli/Getty Images)
According to Gerard Romero, Barcelona have prepared a plan to make a move for Tresoldi next week, provided their pursuit of Alvarez falls through.

#club #julian

Newcastle United host Liverpool at St James' Park on Sunday evening in Matthias Jaissle's first competitive match in charge, at the end of a summer defined by significant upheaval on Tyneside.
Jaissle arrives from Al Ahli in the Saudi Pro League to replace Eddie Howe, who left the club after the start of pre-season. He inherits a squad that has sold Bruno Guimarães, Sandro Tonali and Anthony Gordon for a combined fee in excess of £240m, alongside the earlier departure of Kieran Trippier to Wolves.
Joelinton is the most notable absentee. Jaissle confirmed the midfielder is out with a groin injury but should return within a couple of weeks. Tino Livramento remains sidelined with a calf problem that forced him to withdraw from England's World Cup squad, and Fabian Schär is also being monitored for fitness. Lewis Miley made his first appearance since breaking his leg in last weekend's 2–1 defeat to Bayer Leverkusen, but whether he is ready to start remains uncertain.
Sean Steur is expected to be handed his full debut in central midfield, though fellow new signing Aladji Bamba offers a genuine alternative in the same role. Amar Dedic, Malick Thiaw and Sven Botman continue to bed in alongside captain Lewis Hall at the back. Anthony Elanga and Harvey Barnes provide the width, with Yoane Wissa operating just behind William Osula, who leads the line. Lukas Hornicek continues in goal, having established himself as the club's first-choice option this summer.
Newcastle United possible starting XI (4-2-3-1): Hornicek; Dedic, Thiaw, Botman, Hall; Ramsey, Steur; Elanga, Wissa, Barnes; Osula

#first #lewis #steur #botman

Manchester United are interested in signing the Barcelona defender, Alejandro Balde.
According to a report from Spanish publications SPORT, AS, and Mundo Deportivo (h/t SportWitness), Manchester United are interested in the 22-year-old defender, and his agent met the player on Friday to discuss his future.
Manchester United need more depth in the defensive unit, and the Spaniard could be a quality long-term acquisition for them. He might not be a guaranteed starter for Barcelona, and it would be ideal for him to move on.
Manchester United are pushing to get the deal done, and it remains to be seen whether they can get the deal across the line. Jorge Mendes has already informed the player of the Premier League club's interest.
He could be the ideal long-term alternative for Luke Shaw. He has the technical attributes to compete in the Premier League, and he could be a key player for Manchester United.

#manchester #premier #defender #long

Paris Saint-Germain completed a couple of key deals last weekend as Luis Enrique's squad was supplemented by the arrivals of Ferran Torres and Mika Godts, yet there was a quiet development elsewhere that, in time, could become a major problem for the Ligue 1 champions.
Much of the summer has been dominated by the saga of Bradley Barcola and Liverpool. It increasingly looks like the French winger will leave for Anfield in what is likely to be a club-record sale far eclipsing the €90 million transfer fee Al-Hilal paid to sign Neymar in 2023.
Losing Barcola is likely not what Luis Campos and Luis Enrique wanted at the start of the summer, but equally, it's not a disaster either.
Read the full article by subscribing to Ensemble PSG on Substack
His transfer fee alone is likely to cover the transfer fees of Godts and Torres combined, while his exit fits the club mantra of not keeping unhappy players. Furthermore, Barcola was not a guaranteed starter, though he was certainly PSG's most dangerous attacking alternative and a precious weapon because of his raw pace and acceleration.

#torres #summer #Paris

Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Performance was anchored by the women's business, which grew 9.5% on top of high prior-year comparisons, driven by a successful shift toward wider leg silhouettes and alternative pant categories.
Merchandise margins expanded by 110 basis points, benefiting from 65 basis points of one-time tariff refunds and 45 basis points of underlying improvement from strong regular-price selling and reduced markdowns.
The men's business remained flat as softness in higher-priced national brand denim was offset by the outperformance of private label offerings and growth in the tops category.
Buckle reported an inventory of $161 million, an increase of 13.3% from the same period in the prior year.

#basis #year #NVIDIA

Atlético drew 0-0 with Internacional this Saturday (22) at Beira-Rio, in the 24th round of the Brazilian Championship.
With a heavily changed lineup, and away from Belo Horizonte, Galo earned another important point in the competition.
The result extended Galo's unbeaten run to 11 matches. The team was coming off a draw with Bragantino in the Copa Sudamericana, a result that secured qualification for the quarterfinals, and now it also keeps the streak alive in the Brasileirão.
With an eye on the derby against Cruzeiro in the first leg of the Copa do Brasil quarterfinals, head coach Eduardo Domínguez opted for an alternative lineup. Names that have been important throughout the season were rested, while players with fewer minutes were given an opportunity.
Among the new faces was Fred, who made his debut in the Galo shirt. The midfielder came on in the second half and took part in the closing stages of the match.

#important #result

Comcast has attached a new service to its Xfinity internet plans as it faces mounting customer losses.
The company revealed in its most recent earnings report that it lost 167,000 U.S. broadband customers in the second quarter of this year. Also, its revenue in this segment dropped by 5.5% year over year.
The exodus of customers follows last year's Xfinity price increases. It also comes as Comcast faces heightened broadband competition from T-Mobile, AT&T and Verizon, which have been attracting customers through fiber and fixed wireless internet services. ******* eX's Starlink satellite internet service is also becoming a threat, with over 9 million customers.
"Fiber continues to expand, fixed wireless remains aggressive, satellite is emerging as another alternative and convergence-based promotional activity remains elevated across the industry," said Comcast Chief Financial Officer Jason Armstrong on an earnings call in July. "We are operating under the ******* umption that the market will remain intensely competitive."
To help attract and retain internet customers, Comcast has launched its new Xfinity Shield platform, which offers two new tiers of advanced cybersecurity and home self-monitoring protection that can be added to internet plans, according to a recent press release.

#recent

PepsiCo (PEP) and Johnson & Johnson (JNJ) anchor the conservative tier, with 54 and 64 consecutive dividend raises and a combined yield near 3.5%.
Dividend-growth compounding turns $465,000 into roughly $1 million in a decade, unlocking $3,350 monthly without the principal erosion of high-yield alternatives.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
At age 53, with $465,000 tucked away, the goal is to build a portfolio that can start cutting monthly checks a decade from now. The math is unforgiving, but that 10‑year runway to age 63 changes which levers actually move the needle. Starting yield is one piece of the equation. Dividend growth is the other, and over a full decade, growth tends to win out.
This piece walks through what $465,000 produces today at three different yield levels, then shows why a lower-yield, faster-growing portfolio can out-earn a higher static payout by age 63. All three names in the framing, PepsiCo (NASDAQ:PEP), Johnson & Johnson (NYSE:JNJ), and Exxon Mobil (NYSE:XOM), sit inside the conservative tier for a reason.

#Growth #pepsico

Hormuz traffic remains near a standstill as Trump's 'Economic D-Day' campaign pushes Brent closer to $100.
Friday, August 21, 2026
Transits through the Strait of Hormuz have been in single digits the entire week, with Trump's announcement of an 'Economic D-Day' campaign against Iran increasing geopolitical risk premia in the markets. With ICE Brent at $94 per barrel, Asian LNG prices at $24 per MMBtu and VLCC freight rates at exorbitant levels, this week's gradual upward creeping momentum towards $100-per-barrel oil should continue over the remaining days of August.
Trump Turns the Iran War Economic. US President Trump threatened sweeping penalties and 'tremendous consequences' against countries trading with Iran, putting China and its imports of Iranian oil in the crosshairs as the White House announced the start of 'economic warfare' against Tehran.
Iraq Targets 10 Million—If OPEC and Export Routes Allow. Despite current production restrictions that see output around 2.9 million b/d, the new Iraqi government claimed it plans to reach output of 8–10 million b/d within 6 years, seeking a larger OPEC quota and developing alternative export corridors.

#million

By Makiko Yamazaki
TOKYO, Aug 20 (Reuters) - ***** an's imports hit a monthly record in July as elevated oil prices drove up energy costs and inflationary pressures, while exports also climbed to an all-time ‌high on a weaker yen and robust semiconductor-related demand.
Total imports by value grew 27.8% from a year ‌earlier to 12.1 trillion yen ($76.39 billion), data showed on Thursday, hitting a fresh record for the second straight month and exceeding market forecasts for a 26.5% increase.
Japan's crude oil import volumes have rebounded as alternative supplies, mainly from the United States, replace Middle Eastern shipments disrupted by the conflict in the Middle East.
The persistence of wholesale inflation, together with resilient exports, is likely to support the case for the Bank of ***** an to continue to normalise monetary policy, as the central bank is ‌set to raise rates as soon as ⁠September.

#exports #tokyo

Energy Transfer LP (NYSE:ET) owns and operates one of the largest and most diversified portfolios of energy ***** ets in the United States, with more than 125,000 miles of pipeline and ***** ociated energy infrastructure. The stock was held by 34 hedge fund investors at the end of Q1 2026 in the Insider Monkey database, up from 30 in the prior quarter. However, while the total number of hedge fund investors increased, their total stake value slightly decreased from $718 million in Q4 2025 to $710 million in the first quarter.
Energy Transfer LP (NYSE:ET) topped top- and bottom-line estimates in its Q2 report on August 4, with the company's revenue growing by over 164% compared to last year. Adjusted EBITDA surged by 31% YoY, while distributable cash flow also increased by 32%. As a result, the company raised its adjusted EBITDA guidance for the full-year 2026 to the range of $18.8 billion to $19.1 billion, up from $18.2 billion to $18.6 billion previously.
As a diverse midstream energy operator, ET is uniquely positioned to capitalize on the high demand for natural gas infrastructure amid the AI boom. Natural gas supplies around 43% of the total electricity in the US, and this number is expected to increase amid the soaring power demand from data centers. Energy Transfer has already signed long-term agreements to supply data-center projects and recently had two customers add a combined 100 MMcf/d to their existing contracts for natural gas services to their power plant or data center sites in Texas. The booming American LNG exports mark another important growth catalyst, with buyers around the world scrambling to find alternative supply amid the disruptions in the Middle East.
Energy Transfer also reported that its Hugh Brinson Pipeline is now online ahead of schedule, with full phase 1 capacity expected by September 1. This is one of the company's most important projects, as it moves natural gas from the West Texas Permian Basin to access points throughout Texas and connects it with its other pipelines to reach additional states. The project is expected to provide incremental earnings and cash flows in the coming years.
Energy Transfer's NGL business has also witnessed strong growth, with transportation volumes and exports up 13% and 25% YoY, respectively, in Q2, setting a new company record. As a result, the segment's adjusted EBITDA surged 30% to $1.3 billion during the quarter. Moreover, the company completed upgrades to its Lone Star Express pipeline in Q2, while its planned Nederland expansion will add 240,000 bpd of ethane export capacity and 5,000 bpd of additional LPG capacity.

#transfer

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Samsung Electronics raised prices for some advanced chipmaking services by up to 15% for new orders, as surging AI demand fills key production lines and pushes customers toward alternatives to capacity-constrained Taiwan Semiconductor Manufacturing Co. (NYSE:TSM).
Prices for U.S. and Chinese customers using Samsung's 4-nanometer SF4 process rose 10% to 15% in July, while 5-nanometer wafers climbed by a similar amount, Reuters reported Wednesday. Samsung declined to comment.
Samsung's Seoul-listed shares tumbled 7.8% Wednesday as the KOSPI sank 5.8%, despite fresh evidence that AI infrastructure demand remains strong.
Investors are questioning the scale of AI spending even as chipmakers struggle to keep up with it.

#customers

Casino and resort operator Bally's issued a warning that it may struggle to keep up with its debt burden over the next year, and there is "substantial doubt" about its ability to remain a going concern.
The company made the disclosure in its second quarter earnings report filed with the Securities and Exchange Commission (SEC).
In the filing, Bally's said the company is "pursuing a number of financing alternatives to enhance its liquidity, including ******* et monetization, an equity sale, and debt financings."
"While the company is actively engaged in discussions on several financing alternatives, the conditions and events raise substantial doubt about the company's ability to continue as a going concern," Bally's said in the filing.
Fanatics Expands Further Into Sports And Beyond With Fanatics Markets Prediction Trading Platform

#company #doubt #filing

Image source: The Motley Fool.
Wednesday, Aug. 12, 2026 at 4:30 p.m. ET
President and Chief Executive Officer - David A. Pace
Chief Financial Officer - Mark E. Graff
Operator: Good afternoon. Welcome to the Red Robin Gourmet Burgers Incorporated Second Quarter 2026 Earnings Call. This conference call is being recorded. During management's presentation and in response to your questions, they will be making forward-looking statements about the company's business. Outlook and expectations. These forward-looking statements and all other statements that are not historical facts reflect management's beliefs and predictions as of today. And therefore, are subject to risks and uncertainties as described in the company's SEC filings. Management will also discuss non-GAAP financial measures as part of today's conference call. These non-GAAP measures are not prepared in accordance with generally accepted accounting principles, but are intended to illustrate alternative measures of the company's operating performance that may be useful.

#statements #financial #forward

The numbers have reached a scale that markets can no longer ignore. The U.S. fiscal deficit jumped to $432 billion in July alone, the biggest monthly shortfall since early 2021, pushing the year-to-date gap to nearly $1.8 trillion, with the full-year deficit expected to approach $2 trillion. The national debt is nearing the $40 trillion milestone, and the cost of financing it has ballooned to roughly $1.2 trillion so far this year, on pace for about $1.37 trillion for the full fiscal year.
The result has been a sharp move higher in long-term Treasury yields. The 30-year bond hit 5.33% in mid-August — its highest level in 19 years — while the 10-year note pushed toward 4.75%, a 20-month high before the Treasury stepped in this week to announce increased buying of longer dated bonds. Bond strategists point to a combination of forces for the recent high: mounting deficit concerns, inflation still stuck above the Fed's 2% target, and a wave of corporate debt issuance competing with Treasurys for investor cash. Some are calling it the return of the "bond vigilantes" — investors demanding higher yields to keep funding a government that keeps borrowing more.
Because bond prices move opposite to yields, when yields rise, existing bonds — which pay lower fixed rates — become less valuable, so their prices fall. And the longer a bond's maturity (its duration), the more its price drops for a given rise in yields. A 25 basis point rise in long-term yields can translate to roughly a 4% price loss in a long-duration bond fund.
That's why the debt story is fundamentally an ETF story. The funds holding long-dated Treasurys were absorbing the full force of the yield spike, while short-duration and alternative funds are becoming the market's refuge. While yields have since retreated post-Treasury announcement and there is a potential for a surge in buying 20+ year bond ETFs, the longer term impact to long-dated bonds remains to seen.
TLT is ground zero for the debt-and-yields story. As the most popular long-duration Treasury ETF, it holds bonds with 20+ years to maturity — exactly the part of the curve recently hammered as the 30-year yield hit multi-decade highs. TLT has slumped into a correction and touched a 22-year low in August, and investors have pulled more than $4.4 billion out of the fund this year. Strikingly, even a near-5% yield wasn't enough to stem the slide: the price losses from rising rates have overwhelmed the income the fund pays. TLT is the clearest example of how duration risk works against investors when the government's borrowing costs climb.

#year

Intel CEO Lip-Bu Tan has made a major purchase of Intel stock as the chipmaker ramps up its AI ambitions.
Tan purchased 105,263 Intel (INTC) shares for $95 each on Aug. 11, spending roughly $10 million, according to a Form 4 he filed with the Securities and Exchange Commission. The purchase increased his beneficial ownership to about 1.33 million shares.
The insider buy comes at a pivotal time for Intel. The company just raised nearly $20 billion in fresh equity as it ramps up spending on manufacturing and tries to turn its foundry business into a credible alternative to Taiwan Semiconductor Manufacturing (TSM).
Intel shares have surged roughly 162% this year after investors grew more optimistic about the chipmaker's turnaround and AI prospects, although the stock has pulled back roughly 26% from its June high.
Intel last week sold about 210.5 million shares at $95 each, increasing the offering from an initially planned $15 billion to $20 billion after strong investor demand.

#roughly #purchase #Stock #spending

By Anhata Rooprai
Aug 19 (Reuters) - Marvell Technology will help develop Google's in-demand custom chips and has offered the search giant the right to buy a potential $12.2 ‌billion stake, the latest deal in which Big Tech is investing in the suppliers ‌powering its AI build-out.
Shares of the chipmaker jumped nearly 8% as the deal marked a major vote of confidence from a top cloud-computing provider and could bring roughly $120 billion in revenue through fiscal 2033, if Google hits the targets its stake option depends on.
Larger rival Broadcom, which had been Google's main custom chip partner so far, fell more than 5%, while shares in Google-parent Alphabet were little ‌changed.
Demand for in-house chips such ⁠as Google's tensor processing units (TPUs) has surged as companies seek cheaper alternatives to Nvidia's pricey graphics processors and technologies better suited for inference, the ⁠process of running trained AI models.

#Google #billion #stake #rooprai

Pershing Square Holdings, an investment holding company, released its second quarter 2026 investor letter. A copy of the letter can be downloaded here. Pershing Square is an alternative **** et manager that primarily manages capital in publicly traded investment vehicles, with 98% of its capital structure dedicated to such **** ets, including Howard Hughes Holdings. This capital permanency allows for long-term investments, fostering sustainable competitive advantages and yielding substantial market returns since 2018. The investment strategy focuses on acquiring high-quality companies at safe price points, anticipating significant annual EPS growth of 15% or more in the coming years. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its second-quarter 2026 investor letter, Pershing Square Holdings Howard Hughes Holdings Inc. (NYSE:HHH). Headquartered in The Woodlands, Texas, Howard Hughes Holdings Inc. (NYSE:HHH) develops and manages master planned communities. On August 18, 2026, Howard Hughes Holdings Inc. (NYSE:HHH) closed at $65.76 per share. The one-month return of Howard Hughes Holdings Inc. (NYSE:HHH) was 1.07% and its shares lost 10.68% over the past 52 weeks. Howard Hughes Holdings Inc. (NYSE:HHH) has a market capitalization of $3.93 billion.
Pershing Square Holdings stated the following regarding Howard Hughes Holdings Inc. (NYSE:HHH) in its Q2 2026 investor letter:
"At Howard Hughes Holdings Inc. (NYSE:HHH) in June, we closed the acquisition of Vantage Group Holdings Ltd. ("Vantage"), a specialty insurance and reinsurance company. We thereafter announced a leadership transition whereby former Arch Capital Group (NASDAQ: ACGL) CEO Marc Grandisson became Executive Chairman of Vantage, and David Gansberg, Marc's former co-President, will become CEO of Vantage when his non-compete ends in June of next year. Marc and David recently worked as close partners to grow Arch, one of the most successful insurance and reinsurance companies. During Marc's nearly seven-year tenure as CEO, Arch delivered a total shareholder return of 298%, or 23.2% per annum, compared to 144% and 14.4% for the S&P Insurance Index over the same period.
With the benefit of Marc's and David's leadership and Pershing Square's fee-free management of Vantage's investment portfolio, we believe that HHH is well-positioned to become what we have deemed a modern-day Berkshire Hathaway. While HHH generates a small portion of Pershing Square's fee revenues today, we believe that HHH now has the potential to accelerate its growth in intrinsic value and share price, which will drive HHH's market capitalization and, in turn, the variable service fees that we will earn from the company..." (Click here to read the full text)

#howard #vantage #capital

Tired of bonds falling or tying your cash up in "high yield" savings accounts paying just 3.4%? The bank of Elon Musk's X is pitching an alternative — with a catch.
X Money, the financial section launched in July of Musk's "super-app" tied to the social media platform, is offering to pay 6% annual yields on some cash deposits. That's considerably higher than you'll find at most savings accounts and even certificates of deposit. X Money also includes FDIC insurance up to $250,000.
The difference is vast, especially for investors who hold large amounts of cash. A $100,000 deposit in X Money would pay roughly $6,000 in the first year. That's nearly $2,000 more than you'd earn in Year One in the highest-yielding high-yield bank in the U.S., says Bankrate.com.
Tapping his roots as cofounder of PayPal, Musk is working to turn his X into a super-app. Rather than simply being a way to access the X social media platform, he's working to make it into a go-to source for AI and banking, too.
X Bank isn't a bank, per se. But it has a partnership with a real bank: Cross River Bank in New Jersey. Interestingly, X Bank is paying even more on deposits than Cross River is. Cross River is paying just 3.3% on savings balances of $1 million or more.

#bank #money #paying #yield

The S&P 500 Index (SPX) is trading near all-time highs, which is nothing new over the past several years. But there has been a sudden interest in hedging against a volatility spike. That's evident in the 10-day buy-to-open (BTO) call/put ratio for Cboe Market Volatility Index (VIX) options. A spike in VIX call buying has pushed the ratio above 6.0, which has been reached just a handful of times since 2025.
The VIX measures the expected volatility of the SPX over the next 30 days. Since the VIX tends to rise when the SPX falls, portfolio managers often use VIX calls to hedge against a sharp market downturn.
There's a contrarian argument, however, that if investors are hedged against a selloff, they may be less likely to panic sell, minimizing the likelihood of a sharp pullback. An alternative theory is that VIX option buyers are more sophisticated traders, and the unusual spike in call buying could be smart money. If so, SPX underperformance over the short- to medium-term wouldn't be surprising. Instead of taking a side, I'm examining the historical data to see which theory holds up.
The table below shows how the SPX performed after the VIX 10-Day BTO Call/Put Ratio spiked above 6.0. I only counted the first spike in at least a month. The second table shows typical index returns for comparison, while the overall results show a clear theory winner. VIX option traders have historically appeared as smart money investors rather than overly cautious investors. The SPX significantly underperformed after previous spikes in the ratio.
Since 2014, there have been 31 instances when the VIX BTO call/put ratio spiked above 6.0. Over the following two weeks, the SPX averaged a loss of 0.60%, with only 45% of returns positive. For comparison, the index typically gained 0.50% over two-week periods with 64% of returns positive. In the three months following a spike, the SPX lost 0.65% on average with 60% of returns positive, versus a typical three-month gain of 3.11% and 75% positive.

#above

Pershing Square Holdings, an investment holding company, released its second quarter 2026 investor letter. A copy of the letter can be downloaded here. Pershing Square is an alternative ****** et manager that primarily manages capital in publicly traded investment vehicles, with 98% of its capital structure dedicated to such ****** ets, including Howard Hughes Holdings. This capital permanency allows for long-term investments, fostering sustainable competitive advantages and yielding substantial market returns since 2018. The investment strategy focuses on acquiring high-quality companies at safe price points, anticipating significant annual EPS growth of 15% or more in the coming years. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its second-quarter 2026 investor letter, Pershing Square Holdings highlighted Alcon Inc. (NYSE:ALC) as a new position. Alcon Inc. (NYSE:ALC) is a Swiss-based healthcare and medical technology company focused on eye care products. On August 18, 2026, Alcon Inc. (NYSE:ALC) closed at $73.55 per share. The one-month return of Alcon Inc. (NYSE:ALC) was 9.21% and its shares lost 9.24% over the past 52 weeks. Alcon Inc. (NYSE:ALC) has a market capitalization of $37.14 billion.
Pershing Square Holdings stated the following regarding Alcon Inc. (NYSE:ALC) in its Q2 2026 investor letter:
"Alcon Inc. (NYSE:ALC) is the world's leading ophthalmology company, with a dominant position in surgical vision, strong positions in vision care and contact lenses, and a small but promising pharmaceuticals business. It benefits from attractive long-term, mid-single-digit market growth supported by aging population demographics, rising global incomes, and improved access to healthcare.
Alcon is the premier franchise in this industry, benefiting from a massive global installed base, strong brand affinity, and unrivaled commercial capabilities. The core of Alcon's business is its dominant surgical vision franchise, supported by a 30,000-unit capital equipment installed base. This installed base anchors a highly attractive stream of high-margin recurring consumables revenue — a classic "razor / razor blade" model — which in turn funds Alcon's ability to field the industry's largest sales, commercial, and research organizations, powering its innovation flywheel..." (Click here to read the full text)

#square #investment #company

Pershing Square Holdings, an investment holding company, released its second quarter 2026 investor letter. A copy of the letter can be downloaded here. Pershing Square is an alternative ****** et manager that primarily manages capital in publicly traded investment vehicles, with 98% of its capital structure dedicated to such ****** ets, including Howard Hughes Holdings. This capital permanency allows for long-term investments, fostering sustainable competitive advantages and yielding substantial market returns since 2018. The investment strategy focuses on acquiring high-quality companies at safe price points, anticipating significant annual EPS growth of 15% or more in the coming years. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its second-quarter 2026 investor letter, Pershing Square Holdings highlighted S&P Global Inc. (NYSE:SPGI). S&P Global Inc. (NYSE:SPGI) is a financial services and ****** ytics company that provides benchmarks, data, ****** ytics, and workflow solutions in the global capital, energy, commodity, and automotive markets. On August 18, 2026, S&P Global Inc. (NYSE:SPGI) closed at $418.04 per share, reflecting a market capitalization of $123.24 billion. S&P Global Inc. (NYSE:SPGI) posted a one‑month return of -2.57%, while its shares lost 20.66% over the past 52 weeks.
Pershing Square Holdings stated the following regarding S&P Global Inc. (NYSE:SPGI) in its Q2 2026 investor letter:
"Earlier this year, we initiated a position in S&P Global Inc. (NYSE:SPGI), a business we have admired for decades and previously owned in 2017. S&P Global provides benchmarks, data, ****** ytics, and workflow tools to 19 customers in the financial and energy markets. The business generates over 80% of profits from three dominant benchmark franchises: Ratings, Indices, and Platts. The remaining profits are derived from the sale of proprietary and non-proprietary data and insights delivered to customers across a range of channels, together with embedded, primarily desktop-based workflow and ****** ytics tools. The company also previously owned an automotive data and ****** ytics business, which was spun off into a separate public company in July 2026.
Our opportunity to invest in S&P Global arose amid concerns of AI disintermediation of the company's data offerings and workflow and ****** ytics products, including Capital IQ. In February 2026, the stock declined more than 25% from peak-to-trough following Anthropic's launch of Claude Cowork and SPGI's release of 2026 organic growth guidance that was below the company's medium-term financial targets announced at their November 2025 Investor Day. As a result, the stock's valuation declined from 25 to 19 times earnings per share, the lowest valuation in the previous five years, and a bargain level for a company that is often cited as one of the world's highest-quality businesses..." (Click here to read the full text)

#NYSE #pershing

Deoleo has said its two-biggest investors are reviewing their shareholdings in the world's largest olive-oil producer.
In a stock-exchange filing from Deoleo's CEO Cristóbal Valdés, the company pinpointed Ole Investments and the funds ASO Lux 3 and ASO Lux 4.
The Madrid-headquartered company said in the filing the investors and funds are "analysing potential strategic alternatives regarding their investment".
It added "these alternatives include the possible sale of all, or part of, the Deoleo Group's **** ets and businesses".
Deoleo explained the two ASO funds hold 12.307% and 28.684% of the olive-oil business, respectively. Ole Investments, described as the "majority shareholder", owns 50.996%, according to the filing.

#funds #Investments #olive

It seemed set in stone that the future of Toulouse FC's Dayann Methalie (20) belonged in the Premier League. Having been keen to secure the services of the young left-back for several weeks, AFC Sunderland had managed to reach an agreement with their French counterparts regarding the transfer of their rising star. Everything looked set… until the customary medical examination shook things up.
In fact, it was during this procedure that an abnormality in Methalie's back was reportedly identified, forcing the Black Cats to consider only two options: to proceed with the risk of aggravating the injury, or to put the player on a treatment programme that would keep him out of action for six weeks.
However, according to reports in L'Équipe, this ******* sment has not been shared by Téfécé's medical staff, who regard the Frenchman's problem as minor and of no consequence to his availability. Such conflicting opinions have prompted Sunderland's management to consult a Paris-based back specialist, who in turn confirmed that there was nothing of concern to report.
Not entirely reassured, the English club requested further medical opinions and, as a result, reportedly decided to put their initial offer on hold. This did not, however, prevent the Black Cats' management from proposing to Toulouse that they amend the terms of their agreement, ultimately offering a loan with an option to buy.
An alternative immediately dismissed out of hand by Les Violets' chairman, Olivier Cloarec, concerned about potential financial demands from the player's entourage, which would have further complicated the matter. A version of events denied by Sunderland.

#medical #sunderland #black #weeks

The Los Angeles Lakers sale to Bob Iger and Joshua Kushner will continue, but Jeanie Buss is considering all options to prevent her family from selling their remaining share.
The Buss family still owns 17.8% of the Lakers, but Jeanie's five siblings are trying to sell their remaining ownership stake to the Iger and Kushner-led ownership group.
Jeanie is trying to block the sale of the family stake to retain her powers as the team's Governor, but is also exploring an alternative measure which could safeguard her position for the rest of her life.
The Athletic is reporting that Jeanie would be open to exploring a scenario where she is the one who purchases the family's shares instead of them selling it to Iger and Kushner.
"Jeanie, meanwhile, clearly has no intention of selling her shares before the rest of her governorship is up. Could there be a way for the rest of the siblings to sell and Jeanie to remain as governor?… Per a league source, Jeanie would be open to exploring that scenario."

#iger #selling