The latest addition to the Formula 1 calendar had already sparked plenty of discussion in the paddock before the weekend. Most of the conversations centred on safety and whether the track around the IFEMA complex would actually prove to be a 'car killer', as several teams feared after the rather chaotic F3 test.
Another aspect that attracted plenty of interest was La Monumental, Turn 12 of the new circuit. It is the corner with 13.5 degrees of banking, which equates to an incline of around 24%.
This is less than the final corner at Zandvoort – the Arie Luyendyk corner has 18 degrees of banking – but despite that, Pirelli describes La Monumental as the toughest corner on the entire F1 calendar for the tyres.
"Basically the peak of the vertical energy is not higher than in other corners that we have in the calendar, like in Qatar, the banking in Zandvoort, et cetera. It's more about the time you are under load and the continuous load that you have," Pirelli's chief engineer Simone Berra explained.
"So basically instead of two or three seconds, you have 5.5 seconds under those loads. So you have double the duty cycle in that area. That is the main thing to keep in mind and what we are considering in our calculations."

#banking #basically #load

Sept 11, 2026, 3:45 pm EDT
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#sept #rights

It's halftime in Austin with Ohio State and Texas engaging in one of the most anticipated nonconference games of the college football season. The Buckeyes used some Longhorn mistakes and some excellent play on both sides of the ball to take a 20-3 lead into the locker room, which is banking the national narrative in this one.
We like to look back on the first half and take three observations and takeaways from what we saw through the first 30 minutes of action, and in this case, there's plenty to talk about. Here are three observations from what we saw from the Buckeyes and Longhorns in the first half of what should be one whale of a second half to finish this thing out.
Ohio State forces a fumble against Texas on the first play of the game😤

(via ESPN) pic.twitter.com/kxvE7F9D0B
The defense hasn't been very stingy in stopping the run through the middle, but it has been very opportunistic in forcing two turnovers. Both of them led to two scores and have really been the difference in the game so far. You have to think that the turnovers aren't going to continue, so Ohio State will have to continue to make plays while getting equal possessions.
Jeremiah Smith: Freakshow

(Via: ABC)pic.twitter.com/jQuJSiQ1A4

#state #half

When the NFL released its season schedule in May, the league's calculated risk flashed.
In a vacuum, scheduling the Denver Broncos to face the Kansas City Chiefs for the "Monday Night Football" season opener made perfect sense. Two competitive teams with star quarterbacks and Super Bowl-winning coaches playing a division game? The intrigue was obvious.
But zoom out, and zoom back to May: The schedule-makers were banking on answers yet undelivered. The Chiefs' quarterback, two-time MVP Patrick Mahomes, was still rehabilitating from tearing his left ACL and LCL on Dec. 14. The Broncos' quarterback, Bo Nix, had undergone one surgery after a Jan. 17 ankle fracture and another in April to clean up bone spurs.
Neither injury seemed likely to threaten the quarterbacks' careers. But starting Week 1? Back in May, banking on that was more optimistic than certain.
Fast forward to now, and both Nix and Mahomes are on track to start Monday night after fully participating in their respective training camps. Nix dissolved concerns about his limitations early in camp when throwing a 48-yard pass on the run, Broncos head coach Sean Payton told Yahoo Sports. Nix also played in the preseason.

#chiefs #season #quarterbacks

When Cathie Wood makes a move, Wall Street tends to pay attention. Her trades have become something of a market signal, especially when they involve the high-growth themes she has consistently backed. And in September, that shopping list included a little bit of everything — ****** e, fintech, crypto and biotechnology — while ARK Investment Management trimmed several large technology and healthcare positions.
In fintech, ARK Innovation ETF (ARKK) has been steadily adding to its Robinhood Markets (HOOD) bet. On Sept. 4, the fund bought 28,589 HOOD shares worth roughly $3.5 million, just a day after the stock jumped 16.6%. ARK then returned to the checkout counter on Sept. 8, purchasing another $3.3 million worth of Robinhood's shares. The buying reflects growing optimism around Robinhood's prediction markets, banking, and crypto businesses. The additions have also pushed HOOD into ARKK's top 10 holdings, with a 4.17% portfolio weight.
'Not Tens Of Billions, But Tens Of Trillions': Nvidia CEO Jensen Huang Says AI Is Like the New Electricity and the Scale Is Unlike Any Tech in History
What It Means for MSFT Stock Investors as Microsoft Switches to 2 Business Segments
RKLB Stock Jumps as Rocket Lab Debuts New Solar Cell for ****** e

#Stock #sept #markets #worth

Crypto advocates and community bankers are taking their fight over the Clarity Act to senators' home states ahead of a key vote next week.
The Senate is scheduled to hold a procedural vote on the Clarity Act⁠ on September 15. The legislation would establish federal rules for digital ******* ets and divide oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
According to a report by Reuters, during the August recess, both sides targeted senators with meetings, local events, op-eds, calls, emails, and advertising.
Stand With Crypto, a Coinbase-backed advocacy group that says it has 3 million supporters, said members called or emailed Congress nearly 50,000 times in August while organizing events and placing pro-Clarity Act op-eds in local newspapers. In Georgia, chapter president Tia Williams met with staff for Democratic Senator Raphael Warnock, who voted against advancing the bill out of the Senate Banking Committee.
Crypto groups have already spent at least $190 million ahead of the November midterm elections.

#Crypto #august #ahead #vote

Iran is increasingly using cryptocurrencies to settle cross-border trade as the country faces intensifying U.S. sanctions and a naval blockade, the Financial Times reported on Sep. 8.
A cryptocurrency is a digital currency that runs on a blockchain, a shared public ledger, allowing money to move across borders without passing through the traditional banking system.
The country's central bank has in recent months quietly eased its strict foreign currency controls, encouraging businesses to bring funds back into the country through whatever channels are available, including crypto exchanges that handle Tether's USDT and Bitcoin (BTC), citing regime insiders, business executives and **** ysts, the report said.
Tether's USDT is a stablecoin, a type of cryptocurrency designed to hold a steady value against the U.S. dollar, making it useful for trade settlements.
Bitcoin is the world's first and largest decentralized cryptocurrency which has seen a wild appreciation in its value since its launch in 2009.

#trade #Iran

OpenAI launched a product on Thursday called ChatGPT for Financial Services, a version of its enterprise tool tailored to handle tasks traditionally performed by entry-level investment bankers, including company research, financial data ***** ysis, and pitchbook creation.
According to CNBC, the product was developed alongside Morgan Stanley and Evercore as design partners, is built on top of ChatGPT Work, and is powered by GPT-6 Astra, the most capable model in OpenAI's current lineup. It is initially aimed at investment banking and equity research teams.
"We're effectively teaching ChatGPT to research like an ***** yst and back up its conclusions like an ***** yst as well," Nick Turley, OpenAI's vice president of product, told CNBC during a briefing announcing the product.
Unlike the standard ChatGPT Work offering, the financial services version connects directly to data from LSEG, Daloopa, and Pitchbook — giving the system ready access to financial statements and earnings transcripts — and can also tap into a firm's existing data subscriptions automatically, according to CNBC. The product also includes sourcing tools that link figures directly to underlying filings, chart verification functionality, and permission controls designed to safeguard confidential deal information.
In a live demo, Turley walked through the platform's capabilities as it examined a prospective M&A target, drew financial figures from industry-standard data sources, and generated a formatted PowerPoint presentation styled to a bank's existing template, according to CNBC.

#according

CNBC reported that Chris Churchman, The Goldman Sachs Group, Inc. (NYSE:GS) partner who leads the bank's Marquee digital platform for institutional clients, warned that AI's spread across Wall Street risks eroding the reasoning skills of the next generation of bankers.
Churchman said on Goldman's internal "Exchanges" podcast, "There's a huge danger here that in the era of AI, we outsource our reasoning to these models, and we have cognitive atrophy that stops us being able to reason from first principles ourselves." He compared it to how GPS and search engines eroded navigation skills and said much of banking's knowledge is learned only "by doing." Churchman said the firm has not yet determined how it will manage the transition.
The Goldman Sachs Group, Inc. (NYSE:GS) is surfacing this risk proactively, through its own senior AI leadership, rather than being caught off guard by it later. Having the executive who leads Marquee flag the danger publicly signals internal scrutiny that could help Goldman build safeguards into its AI rollout before problems show up in deal execution. It is an advantage over firms deploying AI without asking the same questions.
The near-term efficiency case for AI remains fully intact regardless of the long-term talent question. CNBC itself framed the tradeoff as a "devil's bargain" that could make the industry more profitable today while potentially eroding the talent it needs for tomorrow. It means Goldman still captures AI's productivity benefits now even as it works out the downstream risk.
Marquee itself is a genuine strategic **** et getting AI investment. The platform, through which hedge funds and other large institutional clients access Goldman's market data, research, **** ytics, and execution tools, is being built out with AI features, which positions it as a differentiated offering for Goldman's most valuable client relationships.

#churchman #marquee #cnbc #sachs

"Rich Dad Poor Dad" author Robert Kiyosaki frequently criticizes the federal banking system and recommends investing in cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) and precious metals like gold and silver.
The personal finance author, who built a fortune preaching wealth management, is now facing scrutiny over reports of him being under debt.
Related: Andrew Tate sends harsh message on crypto from Miami prison
As reported earlier, Kiyosaki disclosed in a podcast in June that he has a debt of $1.2 billion. However, his ex-wife and long-time business partner Kim Kiyosaki told Vanity Fair in a recent profile that the $1.2 billion figure doesn't represent his personal unsecured debt. Instead, the figure is spread across real estate investments held with partners.
As per Vanity Fair's estimate, Kiyosaki's personal debt share could be $30 million-$60 million. The debt pile is part of the personal finance author's investment strategy of borrowing against ***** ets that appreciate in value instead of emptying the bank account.

#vanity #figure

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On federal bank holidays, banks all over the country close their doors for the day, and certain services are paused or delayed. And because Labor Day is a federal holiday, banks will be closed on September 7, 2026.
Read on for a full schedule of bank holidays so you can plan ahead.
Most years, there are 11 federal banking holidays. But every four years, a new president takes office. In this case, Inauguration Day pushes the number of federal bank holidays to 12.
Here's a look at the federal banking holidays for 2026:

#banks #advertiser #disclosure #september

Citigroup is expected to secure Chinese regulatory clearance for its fully owned brokerage operation in mainland China as early as this month, with plans to recruit several dozen employees for the business in the coming months, according to Reuters.
Sources told Reuters that the final approval may come around the period of Chinese President Xi Jinping's scheduled trip to Washington for talks with US President Donald Trump in late September.
Reuters said the prospect of approval this month had not been previously disclosed.
Citi declined to comment.
The US lender, already active in China through corporate, institutional and related banking services, applied in late 2021 for a licence to establish a fully owned mainland brokerage arm as part of a broader effort to deepen its operations in the country.

#China #fully

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The stock market will be closed on Monday, Sept. 7, in observance of Labor Day. The market will reopen on Tuesday, Sept. 8.
In 2026, the stock market will observe 10 holidays, including two early closings. Many stock market holidays are also federal holidays and banking holidays.
The U.S. stock market's regular hours are 9:30 a.m. to 4 p.m. Eastern time, Monday through Friday. The two major U.S. stock exchanges, the New York Stock Exchange (NYSE) and the Nasdaq, each observe these trading hours. Both stock exchanges are closed on weekends.
You can still place orders to buy and sell stocks and exchange-traded funds (ETFs) during extended trading hours, but there is added risk. The trading volume is lighter after hours, so prices can be more volatile, and your orders may not execute fully.

#Stock #holidays

Stablecoins were supposed to route around the banking system. Instead, the companies scaling them are building deeper into it than anyone predicted.
Stripe paid $1.1 billion for Bridge, whose core product is orchestrating banks. Citi is launching crypto custody. Standard Chartered is testing stablecoin settlement in Singapore. One by one, the operators moving institutional volume keep landing on the same architecture.
An enterprise cross-border payment has three legs. The payer's money moves in local currency over local rails—a Brazilian importer paying in BRL via Pix. The payee receives local currency on their end—the supplier collecting dollars in their account.
Between them sits the middle leg: getting value across the border from one institution to the other. That leg used to run through correspondent banking, SWIFT messages hopping between intermediary banks, each holding accounts with the next, each adding a day and a fee. When both institutions accept a stablecoin, that leg settles on-chain in seconds. Banks still own the other two.
Citi to Launch Bitcoin Custody as Wall Street Pushes Deeper Into Crypto

#banking #stablecoin

An auction of the retail empire formerly owned by the Barclay family is set to be shelved after bidders failed to meet the £2bn asking price.
Very Group, the online retailer that also owns the Littlewoods brand, was bought by US private equity firm Carlyle for a nominal £1 sum last year and subsequently put up for sale.
But plans to sell the company now appear to be in jeopardy after none of the potential suitors, which included Chinese online giant JD.com, came up with offers large enough to meet Carlyle's demands, Sky News reported.
Carlyle, which had been Very's main creditor, seized control of Very in November following the collapse of the Barclay empire amid a dispute with Lloyds Banking Group about unpaid debts.
In addition to JD.com, possible bidders are said to have included investment firm Elliott, which owns Waterstones, and plus-size online retailer N Brown, which owns the Jacamo and Simply Be brands.

#owns #group #bidders #meet

On August 12, Flywire (NASDAQ:FLYW) expanded its partnership with Trustly, bringing "Pay by Bank" open banking payments to customers across the US and Canada. The expansion lets payers authorize ACH and Pre-Authorized Debit transfers straight from their bank login, skipping the routing and account numbers that trip up so many cross-border payments. It is the kind of unglamorous plumbing upgrade that rarely makes headlines, but for a company built on moving money across borders, cutting payment friction is close to the whole business model.
Flywire and Trustly have partnered since 2017, first in Europe, and this expansion carries that same playbook into North America. Trustly runs a real-time balance check the moment a payer authorizes a transaction, catching insufficient funds before the payment is submitted rather than after. For cross-border transfers, Flywire manages the funds through the return window itself, which cuts down on the reversals that have long made international payments messy for clients and their customers alike. "We're applying the open banking infrastructure we've successfully scaled across Europe to North America, enabling our clients to confidently offer their payers a proven experience," said Kate Moran, Flywire's Vice President of Global Payments.
The timing lines up with a quarter of accelerating growth. On August 4, 2026, Flywire reported second-quarter revenue up 27.2% year over year to $167.7 million, while total payment volume jumped 38.2% to $8.2 billion. Management raised its full-year guidance for both revenue growth and adjusted EBITDA margin, and the business is no longer leaning on education alone. Flywire signed more than 200 new clients across 45 countries during the quarter, with hospitality wins spanning nearly 90 U.S. hotel properties and education revenue outside its core markets growing more than 30% year over year.
Growth came with a cost. Gross margin slipped to 53.4% in the second quarter of 2026 from 57.0% a year earlier, and adjusted gross margin fell even further, from 61.1% down to 56.6%. That is a meaningful step backward on a per-dollar basis even as the top line expanded by double digits, and it raises the question of whether faster growth is being bought with thinner margins on the payments themselves.
Flywire also still posted a GAAP net loss of $8.1 million for the quarter, an improvement from the $12.0 million loss a year earlier but a loss nonetheless. And the company's own leadership flagged caution ahead: CFO Cosmin Pitigoi said Flywire is keeping its ***** umptions for the education vertical conservative because of the current visa policy environment, an acknowledgment that the company's largest historical vertical faces headwinds outside its control.

#trustly #across #payment

On August 25, Qfin Holdings (NASDAQ:QFIN) reported second-quarter results that tell two very different stories at once. Total loan volume fell 25.1% year over year to RMB63,377 million, and non-GAAP net income dropped to RMB454.9 million from RMB946 million just one quarter earlier. Non-GAAP earnings per diluted ADS sank to RMB3.72 from RMB7.70. But buried in the same release, revenue from the company's technology solutions business jumped more than sixfold, and management laid out plans to turn Qfin into what it calls an AI-native lender. Investors have to weigh both halves of that picture.
The clearest growth story sits inside Qfin's tech solutions arm. Loan volume tied to that unit hit RMB10.5 billion for the quarter, up 515% from a year earlier, while the outstanding balance climbed to roughly RMB16.1 billion, up 313%. Through its FocusPRO platform, Qfin now helps banks serve borrowers priced between 3% and 12%, a segment its own consumer lending rarely touches. During the quarter, the company signed two new AI agent projects with banking partners, one built to support loan officers from lead identification through conversion, the other aimed at SME credit review and approval. CEO Wu Haisheng framed the effort as an organizational shift, saying it is "about turning individual and team experience into shared reusable organizational capabilities."
Risk metrics also moved in the right direction during the quarter itself. The 30-day collection rate rose to 88.1%, up 2.3 percentage points sequentially, while the C-M2 delinquency ratio fell 17% sequentially to 0.66%, nearing year-ago levels. The 90-day delinquency rate dropped to 2.83% from 3.5%. On the funding side, ABS issuance jumped 90% sequentially to RMB5.5 billion while issuance costs fell roughly 20 basis points, and overall funding costs eased about 10 basis points as the company leaned on a track record of stable ******* et performance. Qfin also paid a semiannual dividend of $0.46 per ADS, a payout ratio near 30%, and had repurchased $7 million of stock before pausing the buyback program.
Every one of those quarterly improvements sits next to a much rougher backdrop. Sales and marketing spending fell 13% sequentially as Qfin pulled back on growth, and new credit line users fell to 830,000, down from 1.19 million a quarter earlier. New loan provisions hit RMB1.72 billion, a booking ratio of 5.36%, the highest on record. A one-off RMB500 million tax expense tied to a change in tax treatment pushed the effective tax rate to 60.3%, though management expects it to settle near 20% going forward.

#earlier

On August 25, nCino (NASDAQ:NCNO) posted second-quarter fiscal 2027 results that outran the company's own guidance on every line item that matters. Total revenue rose 8% year over year to $161 million, subscription revenue climbed 10% to $143.5 million, and free cash flow jumped 170% to $34 million. Behind those headline numbers sits a company pushing its banking customers toward an AI-heavy pricing model while one legacy piece of the business, mortgage lending, keeps losing ground to a stubbornly high interest rate environment.
The clearest signal in nCino's quarter came from its largest customers. Four of the company's top 20 US enterprise accounts, representing institutions holding more than $900 billion in ******* ets, renewed their contracts ahead of schedule and increased their annual contract value by more than 10% on average. Those customers made the move specifically to gain access to nCino's expanding AI toolset, and 48% of total annual contract value now sits on the new platform pricing model, up from 40% just one quarter earlier.
That AI push is already producing measurable results. One enterprise customer told nCino it expects to save 160,000 hours a year, worth more than $5.5 million, just from using the company's Locate and File banking adviser tool. More than 230 customers have now purchased AI intelligence units, and management said it has begun charging some of them for additional units after they burned through their initial bundles. International expansion added to the momentum, with non-US subscription revenue up 13% to $30.9 million on new customer wins in ******* an and Germany.
The company's capital moves backed up that confidence. Non-GAAP operating income grew 36% to $40.8 million, professional services margin improved 600 basis points to 3%, and nCino repurchased 10.2 million shares for $165 million during the quarter, including the completion of a $100 million accelerated buyback program. The board then authorized another $100 million in repurchases, and full-year guidance moved higher across the board.
Not every part of the business is moving in the same direction. US mortgage subscription revenue fell 1% year over year to $20.6 million, and management cut its forecast further, now expecting about $20 million in the third quarter and $18.5 million in the fourth, reductions of $700,000 and $1.2 million from prior guidance. The culprit is the same one that has dogged the mortgage industry for two years: rates that have stayed higher for longer than expected, which is pushing independent mortgage banks toward consolidation and away from nCino's platform.

#million #customers #ncino #subscription

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Summary: Bread Savings, formerly known as Comenity Direct, is a division of Bread Financial — a financial services company that offers personal and business banking products.
The high-yield savings account from Bread currently offers a competitive 4% APY (interest is compounded daily and credited monthly) with no monthly fees. The minimum opening deposit is $100. Bread Savings offers free ACH transfers, free online statements, free incoming wire transfers, and unlimited deposits via mobile check capture and ACH transfer.
Bread Savings offers CDs with terms ranging from three months to five years, and rates up to 4.15% APY. The minimum opening deposit for CDs is $1,500. There are no monthly maintenance fees. Interest is compounded daily and credited monthly.
Bread Savings does not charge many fees. However, you may be charged the following fees for specific services:

#financial

The NFL season is less than a week away from kicking off, beginning a new quest for Super Bowl LXI. There will also be a number of players under the microscope as fantasy football managers look to win their leagues.
One of those players some league managers are banking on to bounce back in a major way is Philadelphia Eagles running back Saquon Barkley. After a historic run in 2024, Barkley took a step back in 2025. In the grand scheme of things, the Eagles offense did as well.
MORE: Fantasy football printable one-page rankings cheat sheets with auction values for PPR, half-PPR, standard, superflex leagues
Now, with Barkley's average draft position dropping in this year's fantasy outlook, ESPN's Field Yates believes he could be a late first-round steal. The big reason is that Barkley is poised to have a better season than he did in 2025, though perhaps not as dominant as his 2024 campaign.
Philadelphia Eagles running back Saquon Barkley runs up the side for about six yards while avoiding Bills players during first half action against the Philadelphia Eagles at Highmark Stadium in Orchard Park on Dec. 28, 2025. Credit: USA TODAY Network via Reuters Connect (Reuters)

#philadelphia #players #saquon #season

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No doubt you've seen an "FDIC-insured" or "Member FDIC" sign on the wall of a bank or at the bottom of a bank website homepage. Almost all banks, including online banks, are insured by the Federal Deposit Insurance Corporation (FDIC).
The FDIC is an independent government agency that insures money people deposit at a bank. If the bank fails, the FDIC repays up to $250,000 per person, per ownership category at each FDIC-insured bank.
The FDIC was created in 1933 in response to the turmoil of the 1929 stock market crash. Following the crash, people rushed to withdraw their money from banks. As a result of these bank runs, as many as 9,000 banks failed and $7 billion dollars in deposits were lost, wiping out the life savings of millions of Americans.
President Franklin D. Roosevelt signed the Banking Act of 1933, establishing the FDIC to restore trust in the US banking system. The FDIC reports that since then, no one has lost any FDIC-insured money due to a bank failure.

#fdic #bank #money #crash

The names just kept coming, one after the other: Alexia Putellas, a two-time Ballon d'Or winner; Mary Earps, named the best women's goalkeeper by FIFA in 2022 and 2023; Mapi Leon, a four-time Champions League winner; and Kadidiatou Diani, who has earned more than 100 caps for France.
But how are the London City Lionesses, owned by American businesswoman Michele Kang, complying with the Women's Super League's financial rules to pay these big-name players?
Invest before revenue.
Kang, a Korean-American businesswoman, bought the club in 2023, helping them win promotion to the WSL in 2025. Finishing sixth in their debut top-flight season was respectable, but this summer, they have gone big. London City have splashed out on star players — albeit mostly on free transfers — for two reasons: they want to qualify for the Champions League and increase their revenue as soon as possible.
Earnings have to rise so they can afford to pay this set of players. London City are banking on marquee names attracting larger sponsorship deals and a new fanbase that will increase revenue down the line. On Thursday they announced a first-of-its-kind multi-year front-of-shirt partnership with Nike. The financial terms of the deal were not disclosed. Kang, however, said the value exceeds some Premier League men's teams' shirt deals and the $4million (£2.9 m) annual value of the NWSL's Atlanta expansion franchise's recent front-of-shirt agreement, believed to be the wealthiest jersey sponsorship in women's sports.

#city

Citigroup Inc. (C), headquartered in New York, is a diversified financial service holding company that provides various financial product and services to consumers, corporations, governments, and institutions. With a market cap of $226.1 billion, the company's services include investment banking, retail brokerage, corporate banking, and cash management products and services.
Companies worth $200 billion or more are generally described as "mega-cap stocks," and C definitely fits that description, with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the banks - diversified industry. Citigroup's competitive strength lies in its multiyear transformation focused on modernizing and consolidating its infrastructure, retiring legacy platforms and automating manual processes, which is enhancing operational resilience, strengthening risk management, and enabling it to serve its global client base with more advanced, technology-led solutions.
Dear GameStop Stock Fans, Mark Your Calendars for September 8
SMCI vs. CoreWeave: 1 AI Infrastructure Model Has the Bigger Opportunity
Why ****** ysts Think Sellas Life Sciences Stock Can Gain 150% From Here

#Stock #infrastructure #market

Artisan Partners, an investment management company, released its second-quarter 2026 investor commentary for the "Artisan Global Opportunities Strategy". The letter can be downloaded here. Global equities rebounded sharply during the quarter, with the MSCI ACWI Index returning 15.3% as resilient economic growth, strong corporate earnings, and continued enthusiasm around artificial intelligence supported markets despite persistent inflation, higher bond yields, and geopolitical uncertainty. The portfolio reported strong absolute returns of 12.65% (net) but underperformed the benchmark, mainly because of its underweight exposure to information technology and overweight position in health care. Strong stock selection in technology and energy partially offset these headwinds. The fund continues to see attractive long-term opportunities across AI infrastructure, health care and consumer internet, while remaining disciplined on valuation as several AI-related stocks have appreciated sharply. Management remains focused on durable franchises with identifiable profit cycles and attractive long-term earnings potential. Also, check the Strategy's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Artisan Global Opportunities Strategy highlighted Robinhood Markets, Inc. (NASDAQ:HOOD) as a new holding. Robinhood Markets, Inc. (NASDAQ:HOOD) is a US-based financial services company that provides a trading platform for stocks, exchange-traded funds, American depository receipts, options, gold, and cryptocurrencies. On September 01, 2026, Robinhood Markets, Inc. (NASDAQ:HOOD) closed at $103.51 per share. Robinhood Markets, Inc. (NASDAQ:HOOD) returned 14.18% over the past month and its shares have gained 5.10% over the past 52 weeks. Robinhood Markets, Inc. (NASDAQ:HOOD) has a market capitalization of $93.06 billion.
Artisan Global Opportunities Strategy stated the following regarding Robinhood Markets, Inc. (NASDAQ:HOOD) in its Q2 2026 investor letter:
"During the quarter, we initiated positions in Robinhood Markets, Inc. (NASDAQ:HOOD). Robinhood Markets operates a financial services platform offering brokerage, cash management and other investing products. We initiated a GardenSM position following share price weakness driven in part by lower crypto prices, which we viewed as an attractive entry point into a business with a long runway for growth. Despite the crypto headwind, Robinhood has continued to grow deposits at a strong rate, reflecting the platform's ability to attract and retain customer ***** ets. We believe Robinhood can continue gaining market share in the retail wealth market through its leadership in active trading and by expanding its suite of retirement, banking, lending and credit products. As the company has gained market share and increased its base of long-term customer ***** ets, we see a multiyear opportunity for potential revenue growth and margin expansion."

#opportunities #strong #strategy

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TD's aim to open 100 U.S. branches by 2028 is "a today strategy," not simply a revival of branch expansion plans shared in 2023, U.S. executive Allison Robinson said Wednesday.
The Canadian bank said last week it intends to open 100 branches in the U.S. by the end of 2028, as it purses organic growth. The lender also plans to hire more retail and commercial bankers, U.S. CEO Leo Salom said during the bank's fiscal third-quarter earnings call Aug. 27.
In May 2023, Toronto-based TD shared plans to open 150 U.S. branches by 2027, with a focus on the Southeast – just a few weeks after its proposed $13.4 billion acquisition of Memphis, Tennessee-based First Horizon was terminated. At the time, TD circled south Florida, Atlanta and North Carolina as targeted areas for branch expansion.
But as the bank tackled anti-money laundering issues and was hit with a related $3.09 billion penalty and $434 billion ******* et cap on U.S. retail operations, those branch opening plans slowed "dramatically," then-CEO Bharat Masrani acknowledged in 2024. TD has also closed about 91 branches over the past two years, Salom said last week.

#dive

Baron Capital, an investment management company, released its second-quarter 2026 investor letter for its "Baron Global Opportunity Fund". The letter can be downloaded here. The fund achieved a strong quarter, gaining 26.7% (Institutional Shares), exceeding a 14.9% gain for the MSCI ACWI Index (the Index), and a 19.8% gain for the MSCI ACWI Growth Index. YTD, the Fund is up 20.6% compared to gains of 11.3% and 10.6% for the benchmarks, respectively. In mid-2026, market patterns show similarities to the previous year, following three years of over 25% gains driven by a healthy economy and AI investments. Elevated geopolitical risks persisted, with a pullback likely. A tariff-related market dip was followed by a recovery, reflecting a growing market indifference to geopolitical uncertainties. Similarly, airstrikes against Iran and subsequent tension led to an initial market sell-off, yet a lull in hostilities led to a strong market rally. The Fund noted significant outperformance, credited to stock selection and sector allocation, with 1,173bps of overall outperformance relative to the Index. It excelled in developed markets while underperforming in emerging markets, particularly due to a spectacular rise in Korea. The Fund remains optimistic about its investments and seeks attractive opportunities. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Baron Global Opportunity Fund highlighted Nu Holdings Ltd. (NYSE:NU). Nu Holdings Ltd. (NYSE:NU) is a leading digital banking platform, which detracted from the fund's performance this quarter. On September 01, 2026, Nu Holdings Ltd. (NYSE:NU) closed at $14.46 per share. Over the past month, Nu Holdings Ltd. (NYSE:NU) returned 3.21%, but its shares are up 0.30% over the past year. Nu Holdings Ltd. (NYSE:NU) has a market capitalization of $69.85 billion.
Baron Global Opportunity Fund stated the following regarding Nu Holdings Ltd. (NYSE:NU) in its Q2 2026 investor letter:
"Shares of Nu Holdings Ltd. (NYSE:NU) underperformed during the quarter, declining 7.1% following a weaker-than-expected 1Q26 earnings release. Provisions exceeded expectations by 37%, resulting in a 7% earnings miss and raising investor concerns about the near term outlook for credit costs and profitability. The unexpected departure of the CFO also weighed on sentiment. Concerns were further compounded by management's ambitions in the U.S., where the competitive landscape is materially more mature and the long-term returns on incremental investment remain less certain. That said, the CEO subsequently outlined a more measured approach to U.S. expansion (limiting investment to 1% of revenues over 2026-2027) and capital deployment, which provided us with greater comfort regarding execution and resource allocation. We viewed the market's reaction as an attractive opportunity to increase our position, taking advantage of the pullback in the share price. While these developm

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The stock market will be closed on Monday, Sept. 7, in observance of Labor Day. The market will reopen on Tuesday, Sept. 8.
In 2026, the stock market will observe 10 holidays, including two early closings. Many stock market holidays are also federal holidays and banking holidays.
The U.S. stock market's regular hours are 9:30 a.m. to 4 p.m. Eastern time, Monday through Friday. The two major U.S. stock exchanges, the New York Stock Exchange (NYSE) and the Nasdaq, each observe these trading hours. Both stock exchanges are closed on weekends.
You can still place orders to buy and sell stocks and exchange-traded funds (ETFs) during extended trading hours, but there is added risk. The trading volume is lighter after hours, so prices can be more volatile, and your orders may not execute fully.

#Stock #market #sept #observe

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TabaPay intends to buy Denver-based Transact Bank, the money movement platform announced Wednesday.
The transaction, aided by $155 million in financing led by growth equity firm FTV Capital, would give TabaPay a banking charter through the Office of the Comptroller of the Currency but also requires approval from the Federal Reserve.
TabaPay made headlines in 2024, when it floated a $9.7 million offer to buy the ***** ets of the fintech Synapse, which declared bankruptcy a day or so earlier.
Weeks later, however, TabaPay terminated the agreement "based on failure to meet the purchase agreement closing conditions."

#dive #based #agreement

TruckSmarter announced on Tuesday that it has been acquired and that its driver app, Dispatch, shuts down on Friday, September 4.
The scale is what makes this more than a routine startup wind-down. More than 500,000 carriers have used the TruckSmarter platform, which included a free load board alongside the paid Dispatch product. Dispatch was an AI chat interface that let a driver ask for freight in plain language and had software agents handle the bidding and booking, rather than making the driver work a traditional load board.
Automated replies from the company indicated that active Dispatch subscriptions are canceled Friday, and that invoices paid within the previous 30 days will be refunded within seven business days of cancellation. Co-founder and chief executive Dan Kao posted a message inside the app thanking users for five years of trust, and drivers and trucking groups spread screenshots of it across social media.
One thing has been ruled out. OTR Solutions, which bought TruckSmarter's factoring and banking division in November 2025, told FreightWaves it did not acquire the remaining business.
So a company that raised money twelve months ago is gone by Friday, and ****** ody will say who bought it. That combination has a name in technology, even if no one involved here has used it.

#Friday #load #board #company

Ravens wide receiver Rashod Bateman was arrested in June after allegedly breaking the windshield and windows of a car with his child and the child's mother inside, but he was not placed on paid leave by the NFL ahead of the cut to 53 players last weekend.
That leaves Bateman available to the Ravens as the league's investigation into the matter plays out. On Wednesday, Ravens General Manager Eric DeCosta said that he doesn't know the timeline for that process.
"It's obviously something that we're very disappointed about that we have to deal with these kind of things," DeCosta said, via the team's website. "We knew about it right away. We contacted the league right away. The league has been doing an investigation, as well I suppose the authorities. In these matters we just kind of sit back and wait for the league and the authorities to tell us what's going on. I have no indication how long that's going to take."
Bateman is coming off of a disappointing 2025 season and the team was banking on a rebound before news of the arrest came to light. If he's not going to be around to provide it, the Ravens will need one or more of their other receivers to step up quickly as a complement to Zay Flowers in the offense.

#decosta #away