2 hours ago
Nvidia (NVDA) CEO Jensen Huang is challenging the people warning that AI could end humanity, suggesting their alarming predictions may serve another purpose.
Speaking with CBS News, Huang rejected the 'AI apocalypse' debate and questioned the motives behind those spreading that fear, adding a sharper edge to an increasingly public industry split.
OpenAI and Anthropic leaders, alongside Elon Musk, have backed calls to slow advanced AI development over safety concerns and fears that the technology might be advancing quicker than companies can control it, as reported by Financial Times.
For Nvidia investors, that debate carries financial weight. Shares have returned 20% year-to-date and 23% over the six months, according to Seeking Alpha data.
A coordinated slowdown could complicate the spending boom supporting its chip business. Huang's response, however, reaches beyond defending continued investment.
#NVIDIA #anthropic
Speaking with CBS News, Huang rejected the 'AI apocalypse' debate and questioned the motives behind those spreading that fear, adding a sharper edge to an increasingly public industry split.
OpenAI and Anthropic leaders, alongside Elon Musk, have backed calls to slow advanced AI development over safety concerns and fears that the technology might be advancing quicker than companies can control it, as reported by Financial Times.
For Nvidia investors, that debate carries financial weight. Shares have returned 20% year-to-date and 23% over the six months, according to Seeking Alpha data.
A coordinated slowdown could complicate the spending boom supporting its chip business. Huang's response, however, reaches beyond defending continued investment.
#NVIDIA #anthropic
8 hours ago
On September 16, Air Products (NYSE:APD) said it had signed a long-term deal to supply high-purity gases to a leading chipmaker, backed by roughly $250 million of its own money in Arizona. It is the company's second semiconductor supply win, and the two projects together carry more than $900 million of investment. That is a notable turn for a company that has been pulling back from big clean-energy projects.
The Arizona project plays to what Air Products already does. It will build, own, and operate the equipment, from hydrogen generation units and carbon dioxide purification to bulk supply for three gases: helium, hydrogen, and carbon dioxide. That means the customer's gas supply runs through equipment Air Products owns. Supply is targeted to start in phases, so the buildout can move alongside the customer's expansion plans. And this is familiar ground. Air Products has supplied electronics makers for more than 40 years, and its Chandler facility has served the Phoenix chip cluster since 1981, with a pipeline system carrying ultra-high purity nitrogen around the area.
The core business gives the deal a solid floor. In the fiscal third quarter, reported on July 30, adjusted earnings per share rose 12% to $3.47, and management lifted its full-year outlook to an adjusted $13.39 to $13.49 per share. Margins widened as well, so growth is showing up as profit. Chips appear elsewhere in the results too, since the company announced a deal to build four large air separation units to serve a chipmaker's growth in Taiwan.
The cost of the pivot is hard to ignore. On June 30, Air Products announced it would not go ahead with its Louisiana Clean Energy Complex and would discontinue a zero-carbon liquid hydrogen facility in Casa Grande, Arizona, plus other smaller clean energy distribution projects. The exits triggered roughly $2.9 billion in pre-tax charges, which is why the company posted a GAAP loss of $6.47 per share in the third quarter even as its underlying earnings grew. Adjusted results leave that hit out, but the GAAP numbers show what the retreat cost.
Owning the ****** ets also means funding them. Air Products expects about $3.5 billion of capital spending in fiscal 2026, and the Arizona plant alone is a commitment of approximately $250 million, with supply arriving in phases. The release also leaves gaps: it does not name the customer or say how long the contract runs, so the length of the revenue stream is unclear. Elsewhere, Europe's operating income rose only 2% as costs climbed, and management says it is still cautious about the economic backdrop.
#clean #adjusted
The Arizona project plays to what Air Products already does. It will build, own, and operate the equipment, from hydrogen generation units and carbon dioxide purification to bulk supply for three gases: helium, hydrogen, and carbon dioxide. That means the customer's gas supply runs through equipment Air Products owns. Supply is targeted to start in phases, so the buildout can move alongside the customer's expansion plans. And this is familiar ground. Air Products has supplied electronics makers for more than 40 years, and its Chandler facility has served the Phoenix chip cluster since 1981, with a pipeline system carrying ultra-high purity nitrogen around the area.
The core business gives the deal a solid floor. In the fiscal third quarter, reported on July 30, adjusted earnings per share rose 12% to $3.47, and management lifted its full-year outlook to an adjusted $13.39 to $13.49 per share. Margins widened as well, so growth is showing up as profit. Chips appear elsewhere in the results too, since the company announced a deal to build four large air separation units to serve a chipmaker's growth in Taiwan.
The cost of the pivot is hard to ignore. On June 30, Air Products announced it would not go ahead with its Louisiana Clean Energy Complex and would discontinue a zero-carbon liquid hydrogen facility in Casa Grande, Arizona, plus other smaller clean energy distribution projects. The exits triggered roughly $2.9 billion in pre-tax charges, which is why the company posted a GAAP loss of $6.47 per share in the third quarter even as its underlying earnings grew. Adjusted results leave that hit out, but the GAAP numbers show what the retreat cost.
Owning the ****** ets also means funding them. Air Products expects about $3.5 billion of capital spending in fiscal 2026, and the Arizona plant alone is a commitment of approximately $250 million, with supply arriving in phases. The release also leaves gaps: it does not name the customer or say how long the contract runs, so the length of the revenue stream is unclear. Elsewhere, Europe's operating income rose only 2% as costs climbed, and management says it is still cautious about the economic backdrop.
#clean #adjusted
11 hours ago
ResMed Inc. (NYSE:RMD) is well positioned to benefit from the long-term growth of the global obstructive sleep apnea (OSA) treatment market. Likewise, the company remains well positioned to benefit from growing awareness and penetration in the global market, backed by a robust product portfolio.
The company's OSA portfolio includes CPAP and APAP machines, led by the AirSense platform. The AirSense 10 series is one of the most widely used CPAP and APAP machine series. Beyond sleep therapy machines, it also offers nasal, nasal-pillow, and full-face masks, along with a wide range of accessories and related products.
The broad product portfolio offers multiple avenues for generating recurring revenue beyond the initial sale of a sleep therapy device.
Monkey Business Images/Shutterstock.com
In the fourth quarter of fiscal 2026, ResMed's revenue increased 9% year over year to $1.5 billion, supported by strong demand for sleep devices, masks, and accessories. Americas device revenue increased 6%, while total Americas Sleep and Breathing Health revenue rose 8%. Americas masks and other revenue increased 10%. The stronger performance is particularly important as it highlights the ability to monetize the installed patient base beyond the initial device purchase.
#sleep #increased
The company's OSA portfolio includes CPAP and APAP machines, led by the AirSense platform. The AirSense 10 series is one of the most widely used CPAP and APAP machine series. Beyond sleep therapy machines, it also offers nasal, nasal-pillow, and full-face masks, along with a wide range of accessories and related products.
The broad product portfolio offers multiple avenues for generating recurring revenue beyond the initial sale of a sleep therapy device.
Monkey Business Images/Shutterstock.com
In the fourth quarter of fiscal 2026, ResMed's revenue increased 9% year over year to $1.5 billion, supported by strong demand for sleep devices, masks, and accessories. Americas device revenue increased 6%, while total Americas Sleep and Breathing Health revenue rose 8%. Americas masks and other revenue increased 10%. The stronger performance is particularly important as it highlights the ability to monetize the installed patient base beyond the initial device purchase.
#sleep #increased
13 hours ago
The United States warned Saturday that hostilities between Saudi Arabia and Iran-backed Houthis could "escalate rapidly" after a missile attack targeted Riyadh for the first time since the Yemen conflict resumed.
US President Donald Trump cut short a weekend at Camp David, a secluded presidential complex in rural Maryland, to return unexpectedly to the White House on Saturday.
The White House gave no explanation for the early return, which comes as a new threshold was crossed in the conflict between Saudi Arabia and the Houthis, who control a large part of Yemen and are fighting government forces backed by a coalition led by Riyadh.
Loud explosions rang out twice on Saturday in the Saudi capital, where AFP journalists saw a fuel tank bearing the logo of oil giant Aramco on fire near the airport.
"This military conflict has the potential to escalate rapidly," the US State Department warned, adding American citizens outside the Middle East should "seriously reconsider travel to and through the region".
#saturday #arabia #riyadh #white
US President Donald Trump cut short a weekend at Camp David, a secluded presidential complex in rural Maryland, to return unexpectedly to the White House on Saturday.
The White House gave no explanation for the early return, which comes as a new threshold was crossed in the conflict between Saudi Arabia and the Houthis, who control a large part of Yemen and are fighting government forces backed by a coalition led by Riyadh.
Loud explosions rang out twice on Saturday in the Saudi capital, where AFP journalists saw a fuel tank bearing the logo of oil giant Aramco on fire near the airport.
"This military conflict has the potential to escalate rapidly," the US State Department warned, adding American citizens outside the Middle East should "seriously reconsider travel to and through the region".
#saturday #arabia #riyadh #white
16 hours ago
By Exec-Edge Editorial Staff
Sir Lynton Crosby has spent four decades reading public opinion for people who couldn't afford to get it wrong — prime ministers, presidents, and the boards of some of the world's largest companies. As Executive Chairman of CT Group, the research and strategy firm he co-founded, Crosby has built one of the most quietly influential shops in political and corporate consulting, with offices across eight countries and a client roster that spans government, industry, and advocacy. In recent years, CT Group has turned its research apparatus toward a subject closer to home for the business community it serves: capitalism itself, and why the system's public standing hasn't kept pace with its performance. We spoke with Crosby about what the firm's research found, and what it means for how business leaders talk about the system they operate in.
Exec Edge: CT Group ran a large-scale study on public attitudes toward capitalism. What prompted that?
We had seen a number of signals that some of the trending narratives on how the public felt about the predominant economic system were misleading. But we don't operate on feelings, but instead we respond to data, so we tested it. There's a narrative that's taken hold since the financial crisis — that the public has simply given up on capitalism, that a decade of scandals and populist politics has turned the average voter against the system outright. We fielded a nationally representative survey of 3,000 people, backed by focus groups, to find out if that was actually true or if something more specific was going on. It turned out to be the latter.
Exec Edge: What did the research actually find?
#edge #Research #turned
Sir Lynton Crosby has spent four decades reading public opinion for people who couldn't afford to get it wrong — prime ministers, presidents, and the boards of some of the world's largest companies. As Executive Chairman of CT Group, the research and strategy firm he co-founded, Crosby has built one of the most quietly influential shops in political and corporate consulting, with offices across eight countries and a client roster that spans government, industry, and advocacy. In recent years, CT Group has turned its research apparatus toward a subject closer to home for the business community it serves: capitalism itself, and why the system's public standing hasn't kept pace with its performance. We spoke with Crosby about what the firm's research found, and what it means for how business leaders talk about the system they operate in.
Exec Edge: CT Group ran a large-scale study on public attitudes toward capitalism. What prompted that?
We had seen a number of signals that some of the trending narratives on how the public felt about the predominant economic system were misleading. But we don't operate on feelings, but instead we respond to data, so we tested it. There's a narrative that's taken hold since the financial crisis — that the public has simply given up on capitalism, that a decade of scandals and populist politics has turned the average voter against the system outright. We fielded a nationally representative survey of 3,000 people, backed by focus groups, to find out if that was actually true or if something more specific was going on. It turned out to be the latter.
Exec Edge: What did the research actually find?
#edge #Research #turned
18 hours ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Ripple-backed XRP treasury company Evernorth Holdings has lined up $30 million in new financing as it prepares to go public through a merger with Armada Acquisition Corp. II (NASDAQ:XRPN).
The deal would bring Evernorth onto Nasdaq under the XRPN ticker, giving public-market investors exposure to a company built around accumulating XRP (CRYPTO: XRP) and deploying it across the XRP ecosystem.
Evernorth said the new financing may be used to buy more XRP and fund other ecosystem investments. The $30 million arrives when the merger closes, which the company expects in the fourth quarter.
Evernorth and an affiliate held 473.1 million XRP at the end of 2025. At around $1.38 per token, $30 million would buy roughly another 21.7 million XRP, or less than 5% of that existing position.
#financing #merger
Ripple-backed XRP treasury company Evernorth Holdings has lined up $30 million in new financing as it prepares to go public through a merger with Armada Acquisition Corp. II (NASDAQ:XRPN).
The deal would bring Evernorth onto Nasdaq under the XRPN ticker, giving public-market investors exposure to a company built around accumulating XRP (CRYPTO: XRP) and deploying it across the XRP ecosystem.
Evernorth said the new financing may be used to buy more XRP and fund other ecosystem investments. The $30 million arrives when the merger closes, which the company expects in the fourth quarter.
Evernorth and an affiliate held 473.1 million XRP at the end of 2025. At around $1.38 per token, $30 million would buy roughly another 21.7 million XRP, or less than 5% of that existing position.
#financing #merger
19 hours ago
The federal government is preparing to cash out a chunk of its stake in GlobalFoundries (GFS). A new filing shows Washington plans to sell as many as 9.9 million shares of the semiconductor firm, months after agreeing to take an equity position in the company.
For investors watching GFS stock, the move raises questions about what comes next, even as GlobalFoundries lands new government-backed deals in quantum computing and silicon photonics. Here is what the filing means, and why the government owned shares of GlobalFoundries stock in the first place.
Bank of America Just Declared a 'Generational Entry Point' in U.S. Bonds. Why Investors Should Be Backing Up the Truck on Treasuries Here.
Mark Cuban Says He Was Dizzy for Months, So He Built a VR Fix That Does at Home 'Much Of What A 180k Machine' Does
JPMorgan Gives Up Forecasting Iran War Endgame as Trump Tells Reporters 'Anything Could Happen With Me'
#globalfoundries #months #filing
For investors watching GFS stock, the move raises questions about what comes next, even as GlobalFoundries lands new government-backed deals in quantum computing and silicon photonics. Here is what the filing means, and why the government owned shares of GlobalFoundries stock in the first place.
Bank of America Just Declared a 'Generational Entry Point' in U.S. Bonds. Why Investors Should Be Backing Up the Truck on Treasuries Here.
Mark Cuban Says He Was Dizzy for Months, So He Built a VR Fix That Does at Home 'Much Of What A 180k Machine' Does
JPMorgan Gives Up Forecasting Iran War Endgame as Trump Tells Reporters 'Anything Could Happen With Me'
#globalfoundries #months #filing
1 day ago
Without a signed, prospective contract, Medicaid treats family caregiver payments as gifts, exposing $60,000 in payments to a six-month nursing home ineligibility penalty.
A defensible care agreement must be signed before services begin, specify duties and market-rate pay, and be backed by time sheets and traceable payments.
At 20 documented hours per week, $2,500 monthly works out to roughly $29 per hour, defensible against the 2025 national median caregiver rate of $35.
Two retirees, same $1 million, same 4% rule, buy one finished with $1.4 million, the other hit $0 in 12 years. Our free reader guide explains the flaw that separated them, and the income-first method built to avoid it.
Picture a widow in her 80s who pays her adult daughter $2,500 a month for two years to handle bathing, meals, medications, driving to appointments, and overnight supervision. The care is real. The daughter cuts back her own job to provide it. One year later, mom breaks a hip, lands in a nursing home, and applies for institutional Medicaid. The caseworker pulls five years of bank statements, spots $60,000 in recurring payments to the daughter, and finds no signed agreement, no time sheets, no invoices. In that state, the agency treats every dollar as an uncompensated transfer, effectively a gift.
#signed #daughter
A defensible care agreement must be signed before services begin, specify duties and market-rate pay, and be backed by time sheets and traceable payments.
At 20 documented hours per week, $2,500 monthly works out to roughly $29 per hour, defensible against the 2025 national median caregiver rate of $35.
Two retirees, same $1 million, same 4% rule, buy one finished with $1.4 million, the other hit $0 in 12 years. Our free reader guide explains the flaw that separated them, and the income-first method built to avoid it.
Picture a widow in her 80s who pays her adult daughter $2,500 a month for two years to handle bathing, meals, medications, driving to appointments, and overnight supervision. The care is real. The daughter cuts back her own job to provide it. One year later, mom breaks a hip, lands in a nursing home, and applies for institutional Medicaid. The caseworker pulls five years of bank statements, spots $60,000 in recurring payments to the daughter, and finds no signed agreement, no time sheets, no invoices. In that state, the agency treats every dollar as an uncompensated transfer, effectively a gift.
#signed #daughter
1 day ago
Bonds should be an essential part of a well-balanced portfolio. Factual differences between the Schwab Long-Term U.S. Treasury ETF (NYSEMKT:SCHQ) and the State Street SPDR Portfolio Long Term Corporate Bond ETF (NYSEMKT:SPLB) center on credit quality, as the Schwab fund tracks government debt while the State Street fund targets investment-grade corporate bonds.
Investors seeking exposure to long-dated fixed income typically choose between government-backed securities and corporate credit. While both funds focus on maturities exceeding 10 years, they offer significantly different risk-reward profiles based on their underlying debt issuers and the credit risk investors are willing to accept for higher income.
Metric
SPLB
SCHQ
#nysemkt #state
Investors seeking exposure to long-dated fixed income typically choose between government-backed securities and corporate credit. While both funds focus on maturities exceeding 10 years, they offer significantly different risk-reward profiles based on their underlying debt issuers and the credit risk investors are willing to accept for higher income.
Metric
SPLB
SCHQ
#nysemkt #state
1 day ago
AGNC Investment (NASDAQ: AGNC) completed its IPO in May 2008 at $20 per share. Today, shares of the mortgage REIT trade at around $10 per share, a staggering 50% below their IPO price.
However, the company's monthly dividends have more than offset the slump in its share price. AGNC has paid out over $50 per share in ****** ulative dividends since its IPO, more than double its IPO price. With dividends reinvested, it has significantly outperformed mortgage REITs and other financial stocks since its IPO.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
AGNC Investment's founders formed it in the depths of the financial crisis, seeing an opportunity to create a leading Agency MBS (mortgage-backed securities guaranteed against credit losses by government agencies like Fannie Mae). It invests in Agency MBS on a leveraged basis, primarily through repurchase agreements, and uses dynamic risk management strategies to navigate market risks, including interest rate changes.
The company has had to maneuver around several market cycles, unexpected events, and market volatility over the years, which have weighed on its investment returns and earnings. AGNC Investment has still managed to significantly expand its Agency MBS portfolio (it reached $97.2 billion at the end of the second quarter), financed primarily by selling stock. As a result, its shares outstanding have risen a staggering 7,660% since its IPO. This combination of earnings volatility and dilution is why its share prices have fallen 50% since the IPO.
#since #agency #dividends
However, the company's monthly dividends have more than offset the slump in its share price. AGNC has paid out over $50 per share in ****** ulative dividends since its IPO, more than double its IPO price. With dividends reinvested, it has significantly outperformed mortgage REITs and other financial stocks since its IPO.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
AGNC Investment's founders formed it in the depths of the financial crisis, seeing an opportunity to create a leading Agency MBS (mortgage-backed securities guaranteed against credit losses by government agencies like Fannie Mae). It invests in Agency MBS on a leveraged basis, primarily through repurchase agreements, and uses dynamic risk management strategies to navigate market risks, including interest rate changes.
The company has had to maneuver around several market cycles, unexpected events, and market volatility over the years, which have weighed on its investment returns and earnings. AGNC Investment has still managed to significantly expand its Agency MBS portfolio (it reached $97.2 billion at the end of the second quarter), financed primarily by selling stock. As a result, its shares outstanding have risen a staggering 7,660% since its IPO. This combination of earnings volatility and dilution is why its share prices have fallen 50% since the IPO.
#since #agency #dividends
1 day ago
A column of black smoke has been seen near Riyadh's international airport hours after air raid alerts were issued in the Saudi capital.
It was the first time residents had been given an alert and urged to stay indoors since a recent escalation in the conflict with Iran-backed Houthi militants in neighbouring Yemen.
A number of apparent explosions have since been heard in the capital and major problems reported at King Khalid International Airport, with the tracking website FlightRadar24 reporting long delays and cancellations.
One report suggested a fuel tank had been set on fire near the airport. There has been no official comment from Saudi authorities.
An AFP journalist reported that firefighters could be seen trying to extinguish the flames of a burnt-out fuel tank belonging to state oil and gas company Aramco.
#since
It was the first time residents had been given an alert and urged to stay indoors since a recent escalation in the conflict with Iran-backed Houthi militants in neighbouring Yemen.
A number of apparent explosions have since been heard in the capital and major problems reported at King Khalid International Airport, with the tracking website FlightRadar24 reporting long delays and cancellations.
One report suggested a fuel tank had been set on fire near the airport. There has been no official comment from Saudi authorities.
An AFP journalist reported that firefighters could be seen trying to extinguish the flames of a burnt-out fuel tank belonging to state oil and gas company Aramco.
#since
1 day ago
Saudi Arabia warned of a "hostile aerial threat" and issued a string of emergency alerts across the kingdom, including in its capital, late Friday and early Saturday.
Also Saturday, Iran's state TV reported that a man was executed after being convicted on charges of spying for Israel's intelligence agency Mossad.
Here is the latest news from the Middle East on Saturday. Full coverage is available here.
Saudi Arabia warned of a "hostile aerial threat" after issuing emergency alerts, and at least one explosion was heard in Riyadh.
The alert in Riyadh was the first for the Saudi capital since the latest escalation with Yemen's Iran-backed Houthi rebels.
#arabia #riyadh
Also Saturday, Iran's state TV reported that a man was executed after being convicted on charges of spying for Israel's intelligence agency Mossad.
Here is the latest news from the Middle East on Saturday. Full coverage is available here.
Saudi Arabia warned of a "hostile aerial threat" after issuing emergency alerts, and at least one explosion was heard in Riyadh.
The alert in Riyadh was the first for the Saudi capital since the latest escalation with Yemen's Iran-backed Houthi rebels.
#arabia #riyadh
2 days ago
On August 18, Amer Sports (NYSE:AS) reported second-quarter results that beat its own guidance and then raised the bar for the rest of the year. Revenue climbed 32% to $1.63 billion, adjusted operating profit nearly tripled, and every region and segment posted double-digit growth. Diluted earnings per share reached $0.18, up from a much smaller figure a year earlier. What stands out about August 18 is not just the size of the beat but how broad it was.
Technical Apparel grew 32% to $674 million, led by Arc'teryx and backed by a 17% omni-comp gain across owned stores and e-commerce. Outdoor Performance grew even faster, up 37% to $569 million, driven by Salomon Softgoods. Ball & Racquet Sports rose 24% to $390 million on the strength of Wilson Tennis 360. CEO James Zheng pointed to strong double-digit growth across every segment, geography, and channel as the reason for confidence in the outlook.
That confidence showed up in the numbers: Amer Sports raised full-year 2026 guidance to roughly 24% reported revenue growth, a gross margin of 60.5% to 61.0%, an operating margin of 14.2% to 14.5%, and diluted EPS of $1.27 to $1.30. The balance sheet backs up the reinvestment CFO Andrew Page described, with $573 million in net cash and $720 million in cash and equivalents at quarter-end.
Some of the second quarter's biggest numbers lean on a one-time tailwind. Gross margin expanded 710 basis points to 65.6%, but 390 of those points came from net tariff refunds. Operating margin's 820 basis point jump included the same 390-point benefit. The effect is largest in Ball & Racquet Sports, where adjusted segment operating margin rose 1,300 basis points to 17.2%, yet 970 of those points came from tariff refunds alone. Selling, general and administrative expenses rose 30% to $909 million, and on an adjusted basis SG&A grew 33%, faster than revenue itself.
Inventories climbed 19% year over year to $1,897 million. The guidance for the next quarter also points to a slower pace: third quarter revenue growth is guided at 18% to 20%, well below the 32% just reported, with gross margin guided down to about 59.0% and net finance cost alone guided to $15 million to $20 million, against roughly $85 million for the entire year.
#revenue #basis
Technical Apparel grew 32% to $674 million, led by Arc'teryx and backed by a 17% omni-comp gain across owned stores and e-commerce. Outdoor Performance grew even faster, up 37% to $569 million, driven by Salomon Softgoods. Ball & Racquet Sports rose 24% to $390 million on the strength of Wilson Tennis 360. CEO James Zheng pointed to strong double-digit growth across every segment, geography, and channel as the reason for confidence in the outlook.
That confidence showed up in the numbers: Amer Sports raised full-year 2026 guidance to roughly 24% reported revenue growth, a gross margin of 60.5% to 61.0%, an operating margin of 14.2% to 14.5%, and diluted EPS of $1.27 to $1.30. The balance sheet backs up the reinvestment CFO Andrew Page described, with $573 million in net cash and $720 million in cash and equivalents at quarter-end.
Some of the second quarter's biggest numbers lean on a one-time tailwind. Gross margin expanded 710 basis points to 65.6%, but 390 of those points came from net tariff refunds. Operating margin's 820 basis point jump included the same 390-point benefit. The effect is largest in Ball & Racquet Sports, where adjusted segment operating margin rose 1,300 basis points to 17.2%, yet 970 of those points came from tariff refunds alone. Selling, general and administrative expenses rose 30% to $909 million, and on an adjusted basis SG&A grew 33%, faster than revenue itself.
Inventories climbed 19% year over year to $1,897 million. The guidance for the next quarter also points to a slower pace: third quarter revenue growth is guided at 18% to 20%, well below the 32% just reported, with gross margin guided down to about 59.0% and net finance cost alone guided to $15 million to $20 million, against roughly $85 million for the entire year.
#revenue #basis
2 days ago
Corn futures were down 1 to 4 3/4 cents on the Thursday session. The CmdtyView national average Cash Corn price was down 3 3/4 cents at $4.85 1/4. Crude oil backed off by $1.34 on the day, to add some pressure.
Export Sales data showed 1.027 MMT in corn sales 2026/27 in the week ending on September 10. That was still down 16.6% from the same week last year. Mexico was the top buyer of 626,000 MT, with **** an in for 150,200 MT.
Adequate Supplies Pressure Cocoa Prices
Coffee Prices Retreat as Global Supplies Improve
Coffee Prices Settle Lower as Supply Situation Improves
#supplies #pressure #thursday
Export Sales data showed 1.027 MMT in corn sales 2026/27 in the week ending on September 10. That was still down 16.6% from the same week last year. Mexico was the top buyer of 626,000 MT, with **** an in for 150,200 MT.
Adequate Supplies Pressure Cocoa Prices
Coffee Prices Retreat as Global Supplies Improve
Coffee Prices Settle Lower as Supply Situation Improves
#supplies #pressure #thursday
2 days ago
CoinShares PLC (NASDAQ:CSHR) reported approximately $27.6 million in net inflows for the first half of 2026, yet U.S. GAAP revenue fell 35.7% to $51.4 million from $80 million. The September 14 results show that attracting **** ets and restoring earnings are different challenges.
Asset Management revenue declined to $40 million from $59.6 million. CoinShares PLC (NASDAQ:CSHR) attributed that decline primarily to lower average **** ets under management (AUM) following weaker digital-asset prices. Product mix and a targeted fee reduction add another hurdle: the revenue generated by each dollar of **** ets.
Positive flows during a difficult market provide evidence of demand. The physically backed product platform generated approximately $155.9 million in net inflows during the half. That suggests CoinShares PLC (NASDAQ:CSHR) can attract capital even when market performance reduces the value of existing holdings.
CoinShares PLC (NASDAQ:CSHR) reported that AUM recovered to approximately $6.93 billion by August 31 from $5.52 billion at June 30. Whether that recovery restores fee revenue depends on average **** ets and product mix.
A broader product mix also has strategic value. Lower-fee products may reach customers who would otherwise invest elsewhere. For CoinShares PLC (NASDAQ:CSHR), accepting a lower fee can make economic sense if it secures durable **** ets at an attractive cost.
#revenue
Asset Management revenue declined to $40 million from $59.6 million. CoinShares PLC (NASDAQ:CSHR) attributed that decline primarily to lower average **** ets under management (AUM) following weaker digital-asset prices. Product mix and a targeted fee reduction add another hurdle: the revenue generated by each dollar of **** ets.
Positive flows during a difficult market provide evidence of demand. The physically backed product platform generated approximately $155.9 million in net inflows during the half. That suggests CoinShares PLC (NASDAQ:CSHR) can attract capital even when market performance reduces the value of existing holdings.
CoinShares PLC (NASDAQ:CSHR) reported that AUM recovered to approximately $6.93 billion by August 31 from $5.52 billion at June 30. Whether that recovery restores fee revenue depends on average **** ets and product mix.
A broader product mix also has strategic value. Lower-fee products may reach customers who would otherwise invest elsewhere. For CoinShares PLC (NASDAQ:CSHR), accepting a lower fee can make economic sense if it secures durable **** ets at an attractive cost.
#revenue
2 days ago
In mid-September, stablecoins received a fresh injection of legitimacy when payments specialist MoneyGram introduced a new Visa-branded debit card backed by one. The product is somewhat unimaginatively called the MoneyGram Card, underpinned by the USDC (CRYPTO: USDC) stablecoin. In turn, Circle Internet Group (NYSE: CRCL) develops and manages the coin.
I believe this is a positive development not only for USDC and the company that co-developed and manages it but also for the wider stablecoin ecosystem. Here's why.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
MoneyGram is the ideal company to offer such a card, as its bread and ***** er is remittances (i.e., cross-border payments, usually from people in economically advantaged countries to ***** ociates in less prosperous ones).
One of the great promises of cryptocurrencies is that transacting in them can be almost instantaneous and near-frictionless, anywhere in the world. So they're very suitable for remittances, as the facilitator behind them has less contact with challenges such as sharp exchange-rate moves, slow transaction settlement times, and other impediments to money transfers.
#usdc #signal #company #payments
I believe this is a positive development not only for USDC and the company that co-developed and manages it but also for the wider stablecoin ecosystem. Here's why.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
MoneyGram is the ideal company to offer such a card, as its bread and ***** er is remittances (i.e., cross-border payments, usually from people in economically advantaged countries to ***** ociates in less prosperous ones).
One of the great promises of cryptocurrencies is that transacting in them can be almost instantaneous and near-frictionless, anywhere in the world. So they're very suitable for remittances, as the facilitator behind them has less contact with challenges such as sharp exchange-rate moves, slow transaction settlement times, and other impediments to money transfers.
#usdc #signal #company #payments
3 days ago
Circle Internet Group, Inc. (NYSE:CRCL), issuer of the dollar-backed USDC stablecoin, announced on September 8 an agreement to acquire Singapore-based Tazapay, which serves payment providers and financial institutions.
Circle Internet Group, Inc. (NYSE:CRCL) agreed to pay approximately $400 million in Class A common stock, subject to adjustments for debt, cash, and transaction expenses. Separately, the agreement provides for $25 million of post-closing employee restricted stock unit awards.
As of July 31, 2026, Tazapay had more than $25 billion of annualized payment volume, over 60 banking and fintech partners, and payout capabilities across more than 100 markets. Approximately 60% of transaction volume involves stablecoins; USDC's share was not specified. Payment volume represents funds processed, not revenue.
Closing is expected in 2027, subject to customary conditions and regulatory approvals, including approval from the Monetary Authority of Singapore.
Tazapay would strengthen the connections between digital dollars and local bank payments. Within the Circle Payments Network, originating institutions can convert funds into stablecoins for settlement, while receiving institutions convert them into local currency and pay recipients. Merchants can benefit without requiring every customer or supplier to hold tokens.
#tazapay
Circle Internet Group, Inc. (NYSE:CRCL) agreed to pay approximately $400 million in Class A common stock, subject to adjustments for debt, cash, and transaction expenses. Separately, the agreement provides for $25 million of post-closing employee restricted stock unit awards.
As of July 31, 2026, Tazapay had more than $25 billion of annualized payment volume, over 60 banking and fintech partners, and payout capabilities across more than 100 markets. Approximately 60% of transaction volume involves stablecoins; USDC's share was not specified. Payment volume represents funds processed, not revenue.
Closing is expected in 2027, subject to customary conditions and regulatory approvals, including approval from the Monetary Authority of Singapore.
Tazapay would strengthen the connections between digital dollars and local bank payments. Within the Circle Payments Network, originating institutions can convert funds into stablecoins for settlement, while receiving institutions convert them into local currency and pay recipients. Merchants can benefit without requiring every customer or supplier to hold tokens.
#tazapay
3 days ago
KO beat the S&P 500 over one and five years, returning 37% and 85% respectively, backed by 63 straight years of dividend raises.
At a P/E of 29 and P/FCF of 72 with shares near their $91.94 52-week high, Coca-Cola's valuation leaves little room for error.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
If you bought Coca-Cola (NYSE:KO) a decade ago, you bought a business that has spent the intervening years quietly reinventing its balance sheet while doing what it always does: raising the dividend. 2025 marked the 63rd consecutive year of dividend increases, cementing Coca-Cola's status as a dividend king.
The past two years have been eventful. CEO James Quincey handed the reins to Henrique Braun in 2026, and the company has pushed hard on refranchising bottlers, including a pending sale of Coca-Cola Beverages Africa. Q4 2025 absorbed a $960M BODYARMOR impairment, but 2026 has been a different story. Q2 delivered EPS of $0.97, revenue of $13.38B (+6.7% YoY), and 5% unit case volume growth, aided by the FIFA World Cup marketing push. Management now guides to comparable EPS growth of 9% to 10% for the year.
#Dividend #cola #year
At a P/E of 29 and P/FCF of 72 with shares near their $91.94 52-week high, Coca-Cola's valuation leaves little room for error.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
If you bought Coca-Cola (NYSE:KO) a decade ago, you bought a business that has spent the intervening years quietly reinventing its balance sheet while doing what it always does: raising the dividend. 2025 marked the 63rd consecutive year of dividend increases, cementing Coca-Cola's status as a dividend king.
The past two years have been eventful. CEO James Quincey handed the reins to Henrique Braun in 2026, and the company has pushed hard on refranchising bottlers, including a pending sale of Coca-Cola Beverages Africa. Q4 2025 absorbed a $960M BODYARMOR impairment, but 2026 has been a different story. Q2 delivered EPS of $0.97, revenue of $13.38B (+6.7% YoY), and 5% unit case volume growth, aided by the FIFA World Cup marketing push. Management now guides to comparable EPS growth of 9% to 10% for the year.
#Dividend #cola #year
3 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
America's retirement bill is getting harder to ignore. Social Security is already the largest expenditure in the federal budget, and as more Americans reach retirement age, an increasingly large share of government spending is going toward older Americans. Podcast host and NYU Stern professor Scott Galloway thinks the imbalance is becoming a problem for everyone else.
"We now spend $5 on seniors for every $1 on children. Enough already," Galloway wrote in his "The Grown-Up Tax Bill" column in 2025. He argued that Social Security is part of a much larger transfer of wealth from younger and poorer Americans to an older, wealthier generation.
Don't Miss:
This Jeff Bezos-backed platform lets eligible investors buy fractional shares of rental properties for as little as $100.
#older
America's retirement bill is getting harder to ignore. Social Security is already the largest expenditure in the federal budget, and as more Americans reach retirement age, an increasingly large share of government spending is going toward older Americans. Podcast host and NYU Stern professor Scott Galloway thinks the imbalance is becoming a problem for everyone else.
"We now spend $5 on seniors for every $1 on children. Enough already," Galloway wrote in his "The Grown-Up Tax Bill" column in 2025. He argued that Social Security is part of a much larger transfer of wealth from younger and poorer Americans to an older, wealthier generation.
Don't Miss:
This Jeff Bezos-backed platform lets eligible investors buy fractional shares of rental properties for as little as $100.
#older
3 days ago
GPC's unbroken dividend streak since 1999 yields 3%, while LKQ's 5% yield trades below book value with a Goldman-led strategic review pending.
Gentex runs a nearly debt-free balance sheet, with $1.89 trailing EPS covering its $0.48 annual dividend and aggressive buybacks shrinking the share count.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Repair demand is the quiet defensive layer inside a cyclical industry. Americans are keeping cars longer, and every mile driven eventually needs a filter, a mirror, a ***** per cover, or a brake caliper. That reality is why a small group of US-listed auto parts names have been able to send cash to shareholders through recessions, tariff scares, and new-vehicle slumps. The three names below all pay a verified dividend, span both aftermarket distribution and original-equipment supply, and range from a 2.13% yield backed by a debt-free balance sheet to a 5.05% yield trading below book value.
Genuine Parts (NYSE:GPC) is the NAPA owner and the closest thing this bundle has to an income staple. The stock yields 3.13% at a recent price of $131.45, with a quarterly payout of $1.0625 per share and an annualized run rate of $4.25.
#free
Gentex runs a nearly debt-free balance sheet, with $1.89 trailing EPS covering its $0.48 annual dividend and aggressive buybacks shrinking the share count.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Repair demand is the quiet defensive layer inside a cyclical industry. Americans are keeping cars longer, and every mile driven eventually needs a filter, a mirror, a ***** per cover, or a brake caliper. That reality is why a small group of US-listed auto parts names have been able to send cash to shareholders through recessions, tariff scares, and new-vehicle slumps. The three names below all pay a verified dividend, span both aftermarket distribution and original-equipment supply, and range from a 2.13% yield backed by a debt-free balance sheet to a 5.05% yield trading below book value.
Genuine Parts (NYSE:GPC) is the NAPA owner and the closest thing this bundle has to an income staple. The stock yields 3.13% at a recent price of $131.45, with a quarterly payout of $1.0625 per share and an annualized run rate of $4.25.
#free
3 days ago
VICTORIA, SEYCHELLES, September 16th, 2026, Chainwire
Bitget has published its August 2026 Proof of Reserves report, marking the 45th consecutive monthly disclosure since the program began in December 2022, with a total reserve ratio of 122% for the month. Separately, Bitget's August 2026 Protection Fund valuation report recorded an average monthly value of $382 million, backed by 5,500 BTC held as a separate protection reserve.
Bitget publishes both monthly Proof of Reserves and monthly Protection Fund valuation reports — two separate disclosures providing visibility into different parts of the platform's **** et-protection framework. The August PoR reserve ratio of 122% means Bitget's reported reserves for tracked **** ets exceeded the corresponding user balances included in the snapshot. A full per-asset breakdown is available on Bitget's Proof of Reserves page.
A reserve ratio above 100% reflects the position captured in a particular reporting snapshot and should not be interpreted as a financial audit or a guarantee of future solvency.
The Protection Fund's August valuation ranged from approximately $345.3 million on Aug 1, 2026 to $441.5 million on Aug 27, 2026, with an average monthly valuation of $382 million. Its dollar value fluctuates with Bitcoin's market price because the fund is backed by 5,500 BTC. Bitget established the fund in 2022 with an initial $300 million commitment, and its valuation remained above that level throughout August.
#proof
Bitget has published its August 2026 Proof of Reserves report, marking the 45th consecutive monthly disclosure since the program began in December 2022, with a total reserve ratio of 122% for the month. Separately, Bitget's August 2026 Protection Fund valuation report recorded an average monthly value of $382 million, backed by 5,500 BTC held as a separate protection reserve.
Bitget publishes both monthly Proof of Reserves and monthly Protection Fund valuation reports — two separate disclosures providing visibility into different parts of the platform's **** et-protection framework. The August PoR reserve ratio of 122% means Bitget's reported reserves for tracked **** ets exceeded the corresponding user balances included in the snapshot. A full per-asset breakdown is available on Bitget's Proof of Reserves page.
A reserve ratio above 100% reflects the position captured in a particular reporting snapshot and should not be interpreted as a financial audit or a guarantee of future solvency.
The Protection Fund's August valuation ranged from approximately $345.3 million on Aug 1, 2026 to $441.5 million on Aug 27, 2026, with an average monthly valuation of $382 million. Its dollar value fluctuates with Bitcoin's market price because the fund is backed by 5,500 BTC. Bitget established the fund in 2022 with an initial $300 million commitment, and its valuation remained above that level throughout August.
#proof
3 days ago
By Katharine Jackson and Mike Scarcella
WASHINGTON, Sept 17 (Reuters) - A federal judge ordered President Donald Trump's administration on Thursday to provide at least 30 days' notice before taking any steps to demolish the Kennedy Center, the landmark performing arts venue that has become a flashpoint in his efforts to reshape the U.S. capital.
U.S. District Judge Christopher Cooper issued the order after lawyers for a Democratic congresswoman who is suing to keep the venue open and Trump's name off its facade submitted new evidence citing the Republican president's comments on Wednesday referring to demolishing the Kennedy Center.
"I think that the Trump administration should certainly have recognition. Because frankly, if we don't do that, it's going to close. It'll end up being ripped down," Trump told reporters in North Carolina, referring to putting his name on the facility established by Congress and opened in 1971 as a memorial to slain President John Kennedy.
Matt Floca, the Kennedy Center's Trump-backed executive director, said in a court filing earlier on Thursday that the building was being temporarily closed to ****** s safety risks in areas "exhibiting severe structural deterioration."
#president #venue
WASHINGTON, Sept 17 (Reuters) - A federal judge ordered President Donald Trump's administration on Thursday to provide at least 30 days' notice before taking any steps to demolish the Kennedy Center, the landmark performing arts venue that has become a flashpoint in his efforts to reshape the U.S. capital.
U.S. District Judge Christopher Cooper issued the order after lawyers for a Democratic congresswoman who is suing to keep the venue open and Trump's name off its facade submitted new evidence citing the Republican president's comments on Wednesday referring to demolishing the Kennedy Center.
"I think that the Trump administration should certainly have recognition. Because frankly, if we don't do that, it's going to close. It'll end up being ripped down," Trump told reporters in North Carolina, referring to putting his name on the facility established by Congress and opened in 1971 as a memorial to slain President John Kennedy.
Matt Floca, the Kennedy Center's Trump-backed executive director, said in a court filing earlier on Thursday that the building was being temporarily closed to ****** s safety risks in areas "exhibiting severe structural deterioration."
#president #venue
3 days ago
Ciena stock rebounds 4% as investors reprice CEO Gary Smith's projection of a $10B backlog by fiscal year-end, despite a 19% monthly slide.
Arista rises just 2% and Cisco barely moves at 0.4%, confirming today's surge is Ciena's own order book story, not a broad networking rally.
CFO Marc Graff guided for at least 30% revenue growth next fiscal year, backed by backlog that extends beyond that period.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
Ciena (NYSE:CIEN) stock is climbing early Wednesday, up 4% to $347.60. The advance is a rebound rather than a breakout, since Ciena stock is down 19% over the past month. No fresh company news landed this morning, and the market is re-pricing disclosures Ciena made at the start of September, when the company reported record quarterly results with revenue at the top end of guidance.
#backlog
Arista rises just 2% and Cisco barely moves at 0.4%, confirming today's surge is Ciena's own order book story, not a broad networking rally.
CFO Marc Graff guided for at least 30% revenue growth next fiscal year, backed by backlog that extends beyond that period.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
Ciena (NYSE:CIEN) stock is climbing early Wednesday, up 4% to $347.60. The advance is a rebound rather than a breakout, since Ciena stock is down 19% over the past month. No fresh company news landed this morning, and the market is re-pricing disclosures Ciena made at the start of September, when the company reported record quarterly results with revenue at the top end of guidance.
#backlog
3 days ago
Rep. Thomas Massie (R-Ky.) argued Wednesday that House GOP leaders sent the lower chamber home early because they found other Republicans in support of his push to impeach Defense Secretary Pete Hegseth.
“The fact that they didn’t vote on it tells me that they did a whip check, and they probably found that there were some other Republicans, besides me, that were going to vote for this, or at least didn’t want to be on the record supporting Hegseth,” he told host Kaitlan Collins on CNN’s “The Source.”
The outgoing Kentucky libertarian, a frequent critic of President Trump, introduced eight articles of impeachment against Hegseth on Tuesday.
Massie accused Hegseth of violating his “oath to support and defend the Constitution of the United States,” citing his handling of the Iran war and operations to kill alleged drug traffickers in the Caribbean Sea and eastern Pacific Ocean.
The GOP lawmaker, who lost his primary in May to Trump-backed Ed Gallrein, also made his impeachment resolution privileged.
#hegseth #Trump #found #didn
“The fact that they didn’t vote on it tells me that they did a whip check, and they probably found that there were some other Republicans, besides me, that were going to vote for this, or at least didn’t want to be on the record supporting Hegseth,” he told host Kaitlan Collins on CNN’s “The Source.”
The outgoing Kentucky libertarian, a frequent critic of President Trump, introduced eight articles of impeachment against Hegseth on Tuesday.
Massie accused Hegseth of violating his “oath to support and defend the Constitution of the United States,” citing his handling of the Iran war and operations to kill alleged drug traffickers in the Caribbean Sea and eastern Pacific Ocean.
The GOP lawmaker, who lost his primary in May to Trump-backed Ed Gallrein, also made his impeachment resolution privileged.
#hegseth #Trump #found #didn
3 days ago
Senate Republicans aren’t happy with the lack of progress in the Iran war and what they say is the administration’s failure to identify clear objectives to end the conflict.
The war continues to be a major drag on GOP candidates as the failure to reopen the Strait of Hormuz and new threats facing oil exports from Iranian-backed Houthi militias have sent the prices to nearly $106 a barrel, while raising the national gas price average to $4.37 a gallon.
But Republicans are particularly concerned about the war’s impact on the price of diesel, which has soared to a national average of $6.31 and hit several Senate battleground states — including Alaska, Nebraska, Iowa and Maine — especially hard.
Some Republicans are now floating the idea of embargoing diesel exports produced in the United States to lower prices.
Republican Sen. Lisa Murkowski (Alaska) expressed frustration over “the lack of just transparency and information from the administration on what’s happening, what we should expect, the costs,” joining other GOP senators who have expressed similar grievances.
#senate #prices #national
The war continues to be a major drag on GOP candidates as the failure to reopen the Strait of Hormuz and new threats facing oil exports from Iranian-backed Houthi militias have sent the prices to nearly $106 a barrel, while raising the national gas price average to $4.37 a gallon.
But Republicans are particularly concerned about the war’s impact on the price of diesel, which has soared to a national average of $6.31 and hit several Senate battleground states — including Alaska, Nebraska, Iowa and Maine — especially hard.
Some Republicans are now floating the idea of embargoing diesel exports produced in the United States to lower prices.
Republican Sen. Lisa Murkowski (Alaska) expressed frustration over “the lack of just transparency and information from the administration on what’s happening, what we should expect, the costs,” joining other GOP senators who have expressed similar grievances.
#senate #prices #national
4 days ago
US stocks fell for a second day in a row on Tuesday as investors braced for the Federal Reserve's interest rate decision on Wednesday and monitored the fallout from Anthropic CEO Dario Amodei's essay on AI safety fears.
The tech-heavy Nasdaq Composite (^IXIC) declined 0.8% while the Dow Jones Industrial Average (^DJI) dropped 0.7%. The S&P 500 (^GSPC) tumbled more than 0.4%.
Oil prices ticked back up, with Brent crude (BZ=F) and WTI crude (CL=F) changing hands at $108 and $105 per barrel, respectively. Prices have remained elevated since Saudi Arabia shuttered its East-West pipeline and the Iranian-backed Houthis launched fresh attacks in the Middle East.
Bond yields have also shot up as investors await the next Fed policy decision. The yield on the 10-year note (^TNX) hovered around 5%. The move follows the key interest rate briefly rising overnight to its highest intraday level since 2007, underscoring concerns about rising borrowing costs, global deficits, and inflation.
The Federal Open Market Committee began its September meeting on Tuesday, with traders overwhelmingly expecting a rate hike. The release of the so-called dot plot, along with Fed Chairman Kevin Warsh's press conference, could offer investors clues about the prevailing winds in the Fed's monetary policy.
#federal
The tech-heavy Nasdaq Composite (^IXIC) declined 0.8% while the Dow Jones Industrial Average (^DJI) dropped 0.7%. The S&P 500 (^GSPC) tumbled more than 0.4%.
Oil prices ticked back up, with Brent crude (BZ=F) and WTI crude (CL=F) changing hands at $108 and $105 per barrel, respectively. Prices have remained elevated since Saudi Arabia shuttered its East-West pipeline and the Iranian-backed Houthis launched fresh attacks in the Middle East.
Bond yields have also shot up as investors await the next Fed policy decision. The yield on the 10-year note (^TNX) hovered around 5%. The move follows the key interest rate briefly rising overnight to its highest intraday level since 2007, underscoring concerns about rising borrowing costs, global deficits, and inflation.
The Federal Open Market Committee began its September meeting on Tuesday, with traders overwhelmingly expecting a rate hike. The release of the so-called dot plot, along with Fed Chairman Kevin Warsh's press conference, could offer investors clues about the prevailing winds in the Fed's monetary policy.
#federal
4 days ago
Oil prices spiked on Tuesday, climbing back toward recent highs as headlines from the Middle East — in particular, Saudi Arabia — intensified growing pressure on the physical market.
Futures on Brent crude (BZ=F), the international benchmark, picked up more than $2.80 to cross back over $108.50 a barrel and approach the $109 mark seen on Monday. Meanwhile, those on US benchmark WTI crude (CL=F) jumped by roughly $3.50 to trade above $104.50.
Worries about oil exports from the Persian Gulf continued to grow on Tuesday, with Saudi Arabia in focus as market watchers attempt to ****** s damage to the kingdom's oil infrastructure, critical to moving oil out of the Persian Gulf while the Strait of Hormuz remains wracked by the US-Iran conflict.
Saudi Arabia has faced a series of attacks on critical energy infrastructure from the Yemeni Houthi militia group and other Iran-backed proxy forces operating in Iraq, the most pressing of those being strikes that over the weekend forced Saudi authorities to shutter the kingdom's East-West pipeline.
The East-West line carries oil to the port of Yanbu on the Red Sea, where it is loaded onto tankers that can take oil south through the Bab el-Mandeb Strait, which runs along Yemen, or north to the Suez Canal and the adjacent SUMED pipeline to the Mediterranean Sea.
#gulf
Futures on Brent crude (BZ=F), the international benchmark, picked up more than $2.80 to cross back over $108.50 a barrel and approach the $109 mark seen on Monday. Meanwhile, those on US benchmark WTI crude (CL=F) jumped by roughly $3.50 to trade above $104.50.
Worries about oil exports from the Persian Gulf continued to grow on Tuesday, with Saudi Arabia in focus as market watchers attempt to ****** s damage to the kingdom's oil infrastructure, critical to moving oil out of the Persian Gulf while the Strait of Hormuz remains wracked by the US-Iran conflict.
Saudi Arabia has faced a series of attacks on critical energy infrastructure from the Yemeni Houthi militia group and other Iran-backed proxy forces operating in Iraq, the most pressing of those being strikes that over the weekend forced Saudi authorities to shutter the kingdom's East-West pipeline.
The East-West line carries oil to the port of Yanbu on the Red Sea, where it is loaded onto tankers that can take oil south through the Bab el-Mandeb Strait, which runs along Yemen, or north to the Suez Canal and the adjacent SUMED pipeline to the Mediterranean Sea.
#gulf
4 days ago
Brent crude climbed above $108 a barrel on Tuesday as traders grew increasingly uncertain about when Saudi Arabia's East-West Pipeline would reopen, with fresh Houthi attacks on the kingdom and suspended oil loadings at its Red Sea export terminal adding to supply fears.
By 1:00 p.m. ET, Brent futures had climbed 3% to $108.88 per barrel, with U.S. West Texas Intermediate up 4.7% at $106.12. A close at those levels would mark the highest settlement for either contract in close to four months, according to Reuters. Prices have risen around 20% this month as fighting in the Persian Gulf has escalated.
According to shipping industry sources who spoke with Reuters, crude loadings at the Yanbu terminal on Saudi Arabia's Red Sea coast had been halted as of Tuesday. Separately, sources told Reuters that Saudi officials had notified European buyers that certain crude shipments scheduled for late September would not proceed.
Saudi Arabia shut down the East-West Pipeline after drone attacks originating from Iraq struck it last week, forcing the kingdom to halt the export route it had been using to bypass the Strait of Hormuz during the U.S.-Iran war. The pipeline can move up to 7 million barrels per day. Saudi officials have described the closure as a precautionary measure but have not provided a damage ******* sment or a timeline for resuming operations. U.K. authorities fear the pipeline may remain mostly shut for six weeks, according to Bloomberg.
Iran-backed Houthi militants in Yemen carried out additional strikes on Saudi Arabia on Monday. According to a spokesperson for the Saudi-led military coalition in Yemen, the group fired drones and ballistic missiles targeting the cities of Khamis Mushait, Abha, and Taif. According to Reuters, the Houthis claimed to have struck a military air base in Khamis Mushait, with their stated targets including hangars, radar installations, runway infrastructure, and stores of ammunition.
#west #east
By 1:00 p.m. ET, Brent futures had climbed 3% to $108.88 per barrel, with U.S. West Texas Intermediate up 4.7% at $106.12. A close at those levels would mark the highest settlement for either contract in close to four months, according to Reuters. Prices have risen around 20% this month as fighting in the Persian Gulf has escalated.
According to shipping industry sources who spoke with Reuters, crude loadings at the Yanbu terminal on Saudi Arabia's Red Sea coast had been halted as of Tuesday. Separately, sources told Reuters that Saudi officials had notified European buyers that certain crude shipments scheduled for late September would not proceed.
Saudi Arabia shut down the East-West Pipeline after drone attacks originating from Iraq struck it last week, forcing the kingdom to halt the export route it had been using to bypass the Strait of Hormuz during the U.S.-Iran war. The pipeline can move up to 7 million barrels per day. Saudi officials have described the closure as a precautionary measure but have not provided a damage ******* sment or a timeline for resuming operations. U.K. authorities fear the pipeline may remain mostly shut for six weeks, according to Bloomberg.
Iran-backed Houthi militants in Yemen carried out additional strikes on Saudi Arabia on Monday. According to a spokesperson for the Saudi-led military coalition in Yemen, the group fired drones and ballistic missiles targeting the cities of Khamis Mushait, Abha, and Taif. According to Reuters, the Houthis claimed to have struck a military air base in Khamis Mushait, with their stated targets including hangars, radar installations, runway infrastructure, and stores of ammunition.
#west #east
4 days ago
BAGHDAD (AP) — Two deadlines are looming for Iraq at the end of the month: the end of a decades-long U.S. military presence and the disarmament of non-state armed groups.
The U.S. withdrawal is underway, and officials say the hundreds of troops remaining in northern Iraq will be out by the Sept. 30 deadline.
The Iraqi government has linked the U.S. withdrawal to an ultimatum for militias to lay down their weapons. But most have indicated they have no plans to do so.
That leaves major questions about what the day after will look like in Iraq.
Iranian-backed Iraqi militias have struck U.S.-linked targets both inside and outside of Iraq since the U.S. and Israel attacked Iran on Feb. 28. They also have coordinated with Yemen's Houthi rebels to attack Saudi Arabia.
#sept #iranian
The U.S. withdrawal is underway, and officials say the hundreds of troops remaining in northern Iraq will be out by the Sept. 30 deadline.
The Iraqi government has linked the U.S. withdrawal to an ultimatum for militias to lay down their weapons. But most have indicated they have no plans to do so.
That leaves major questions about what the day after will look like in Iraq.
Iranian-backed Iraqi militias have struck U.S.-linked targets both inside and outside of Iraq since the U.S. and Israel attacked Iran on Feb. 28. They also have coordinated with Yemen's Houthi rebels to attack Saudi Arabia.
#sept #iranian
