8 hours ago
The casual Mexican restaurant sector has faced a challenging year in 2026, as dining chains have closed underperforming locations, filed for Chapter 11 bankruptcy protection to reorganize their businesses, and in at least one case, filed for Chapter 7 liquidation to shut down all operations.
Once popular Mexican chain On the Border ceased operations in 2026, after closing all of its locations before its operating company, OTB Hospitality, filed for Chapter 7 liquidation on June 19, 2026, the company shared in a press release.
Another chain facing financial distress is Session Taco, a St. Louis-based casual Mexican dining chain, which closed one of its restaurant locations for the second time in seven months. The chain has not filed for bankruptcy.
The Mexican chain, originally branded Mission Taco Joint until a 2023 name change, closed its Sobremesa restaurant in St. Charles, Mo., on Sept. 13 after only three months of operation, according to its Facebook page.
The St. Charles location was previously branded as Session Taco until the company closed the restaurant on Feb. 13 to redesign and rebrand the restaurant as Sobremesa before reopening in June 2026.
#mexican #locations
Once popular Mexican chain On the Border ceased operations in 2026, after closing all of its locations before its operating company, OTB Hospitality, filed for Chapter 7 liquidation on June 19, 2026, the company shared in a press release.
Another chain facing financial distress is Session Taco, a St. Louis-based casual Mexican dining chain, which closed one of its restaurant locations for the second time in seven months. The chain has not filed for bankruptcy.
The Mexican chain, originally branded Mission Taco Joint until a 2023 name change, closed its Sobremesa restaurant in St. Charles, Mo., on Sept. 13 after only three months of operation, according to its Facebook page.
The St. Charles location was previously branded as Session Taco until the company closed the restaurant on Feb. 13 to redesign and rebrand the restaurant as Sobremesa before reopening in June 2026.
#mexican #locations
9 hours ago
London-based Velocity has raised an additional $10 million, extending its Series A to $48 million at a $200 million post-money valuation, with participation from Visa Ventures, Circle Ventures, and Ripple. The fresh capital will fund infrastructure connecting stablecoins to existing payment networks, settlement systems, and corporate treasury operations.
The extension follows a $38 million Series A announced in July, which CEO Eric Queathem said was oversubscribed. Haun Ventures, Translink Capital, and Mirana Ventures also joined the extension round, pushing the total investor list well beyond typical crypto-native venture backers into strategic corporate money from a card network and a stablecoin issuer directly.
Velocity's platform lets payment companies and banks use stablecoins for settlement, liquidity, and treasury operations without ripping out the systems they already run. That's a deliberate scope: the company is targeting the layer connecting issuers, card networks, acquirers, and merchants, not the wallet consumers see.
Stablecoin circulation has grown past $300 billion, with usage expanding from crypto-exchange dollar transfers into payments, cross-border transfers, and corporate treasury work, the exact seam Velocity is trying to occupy.
Earn $50 and Enter $300K Prize Draw on EdgeX
#million #capital #stablecoin #connecting
The extension follows a $38 million Series A announced in July, which CEO Eric Queathem said was oversubscribed. Haun Ventures, Translink Capital, and Mirana Ventures also joined the extension round, pushing the total investor list well beyond typical crypto-native venture backers into strategic corporate money from a card network and a stablecoin issuer directly.
Velocity's platform lets payment companies and banks use stablecoins for settlement, liquidity, and treasury operations without ripping out the systems they already run. That's a deliberate scope: the company is targeting the layer connecting issuers, card networks, acquirers, and merchants, not the wallet consumers see.
Stablecoin circulation has grown past $300 billion, with usage expanding from crypto-exchange dollar transfers into payments, cross-border transfers, and corporate treasury work, the exact seam Velocity is trying to occupy.
Earn $50 and Enter $300K Prize Draw on EdgeX
#million #capital #stablecoin #connecting
14 hours ago
The White House on Thursday withdrew the nomination of Oklahoma state trooper Lance Schroyer to lead Immigration and Customs Enforcement after a Republican blocked his confirmation hearing.
Schroyer's nomination stalled after Senate Homeland Security Chair Rand Paul (R-Ky.), a foe of Homeland Security Secretary Markwayne Mullin, requested that the Department of Homeland Security provide his committee with more information about its investigation into two ICE and Border Patrol agents accused of killing two U.S. citizens in Minneapolis in January.
Paul, who as chair controls the committee's hearing and markup agenda, did not oppose Schroyer's nomination, per Drew Carmichael, a spokesperson for the senator.
Schroyer was a surprise pick to lead ICE. He had no experience leading a major law enforcement agency, let alone an organization the size of ICE. But Schroyer has close ties with the DHS secretary. Schroyer at one point led Mullin's security detail and Mullin made Schroyer a senior adviser at DHS.
The White House and DHS did not immediately respond to requests for comment.
#homeland #mullin #enforcement
Schroyer's nomination stalled after Senate Homeland Security Chair Rand Paul (R-Ky.), a foe of Homeland Security Secretary Markwayne Mullin, requested that the Department of Homeland Security provide his committee with more information about its investigation into two ICE and Border Patrol agents accused of killing two U.S. citizens in Minneapolis in January.
Paul, who as chair controls the committee's hearing and markup agenda, did not oppose Schroyer's nomination, per Drew Carmichael, a spokesperson for the senator.
Schroyer was a surprise pick to lead ICE. He had no experience leading a major law enforcement agency, let alone an organization the size of ICE. But Schroyer has close ties with the DHS secretary. Schroyer at one point led Mullin's security detail and Mullin made Schroyer a senior adviser at DHS.
The White House and DHS did not immediately respond to requests for comment.
#homeland #mullin #enforcement
14 hours ago
On September 14, Radiant Logistics (NYSEAMERICAN:RLGT) held its fourth fiscal quarter earnings call, and the headline numbers landed harder than a typical logistics update. Net income jumped 53.1% to $7.5 million for the quarter ended June 30, while revenue climbed 18.5% to $261.4 million. Look past that one quarter, though, and the picture gets more complicated, because full-year adjusted profitability actually fell. That gap between a blowout quarter and a softer year is what makes this name worth a closer look.
The fourth fiscal quarter was strong from top to bottom. Adjusted EBITDA rose 31.6% to $10.4 million, margin expanded 240 basis points to 15.5%, and adjusted net income climbed 34.5% to $7.4 million, all against organic revenue growth of 8%. Management credited the acceleration to US forwarding operations and international airfreight, including work supporting disaster relief after typhoon activity hit the Western Pacific earlier this year, plus airfreight demand tied to capital flows into global data center buildouts.
The balance sheet backs up the story. Radiant enters fiscal 2027 with zero net debt, $25.6 million in cash as of June 30, and a $200 million senior credit facility that was extended and restated in August, pushing maturity out to August 7, 2031, while its acquisition-focused accordion grew to $100 million from $75 million. On the domestic side, capacity has been exiting the truckload and intermodal markets, and spot rates and tender rejections moved higher late in the quarter. Radiant also launched a new independent agent program at Radiant Road & Rail during the quarter, extending its freight forwarding agent network into truck brokerage and intermodal, while Navegate is gaining traction, with one enterprise customer now managing more than 1,400 vendors on the platform.
The full-year numbers tell a different story than the quarter does. Revenue rose just 3.5% to $934.4 million from $902.7 million, a fraction of the fourth quarter's 18.5% pace, and full-year net income grew a modest 8.7% to $18.8 million. Full-year adjusted EBITDA actually fell 5.4% to $36.7 million from $38.8 million, and that figure included a $1.3 million First Brands adjustment. Strip that out and normalized adjusted EBITDA comes in at $35.4 million, an even steeper decline than the headline number suggests.
The operating backdrop stays complicated too. Ocean shipping routes remain disrupted by the closure of the Strait of Hormuz and continued Houthi activity affecting Suez Canal transits, keeping capacity tight on key trade lanes. US tariff policy is generating elevated IEEPA-related filing activity, and Canada put new retaliatory tariff measures into effect in early September, adding fresh complexity for shippers moving goods across that border. Management itself acknowledged that the domestic truck brokerage improvement seen late in the fourth quarter is not yet fully reflected in the reported results.
#quarter #revenue
The fourth fiscal quarter was strong from top to bottom. Adjusted EBITDA rose 31.6% to $10.4 million, margin expanded 240 basis points to 15.5%, and adjusted net income climbed 34.5% to $7.4 million, all against organic revenue growth of 8%. Management credited the acceleration to US forwarding operations and international airfreight, including work supporting disaster relief after typhoon activity hit the Western Pacific earlier this year, plus airfreight demand tied to capital flows into global data center buildouts.
The balance sheet backs up the story. Radiant enters fiscal 2027 with zero net debt, $25.6 million in cash as of June 30, and a $200 million senior credit facility that was extended and restated in August, pushing maturity out to August 7, 2031, while its acquisition-focused accordion grew to $100 million from $75 million. On the domestic side, capacity has been exiting the truckload and intermodal markets, and spot rates and tender rejections moved higher late in the quarter. Radiant also launched a new independent agent program at Radiant Road & Rail during the quarter, extending its freight forwarding agent network into truck brokerage and intermodal, while Navegate is gaining traction, with one enterprise customer now managing more than 1,400 vendors on the platform.
The full-year numbers tell a different story than the quarter does. Revenue rose just 3.5% to $934.4 million from $902.7 million, a fraction of the fourth quarter's 18.5% pace, and full-year net income grew a modest 8.7% to $18.8 million. Full-year adjusted EBITDA actually fell 5.4% to $36.7 million from $38.8 million, and that figure included a $1.3 million First Brands adjustment. Strip that out and normalized adjusted EBITDA comes in at $35.4 million, an even steeper decline than the headline number suggests.
The operating backdrop stays complicated too. Ocean shipping routes remain disrupted by the closure of the Strait of Hormuz and continued Houthi activity affecting Suez Canal transits, keeping capacity tight on key trade lanes. US tariff policy is generating elevated IEEPA-related filing activity, and Canada put new retaliatory tariff measures into effect in early September, adding fresh complexity for shippers moving goods across that border. Management itself acknowledged that the domestic truck brokerage improvement seen late in the fourth quarter is not yet fully reflected in the reported results.
#quarter #revenue
17 hours ago
Financial infrastructure provider Fin.com has "emerged from stealth" with $20m in seed funding.
In a statement, the New York-based firm said the round was led by venture firm Expa and Uber co-founder Garrett Camp.
Coinbase Ventures, Tenet Fund, Second Sight Ventures, and various sovereign and family offices across the Gulf and Africa, among others, also participated.
Fin.com, co-founded by Nabeel Alamgir and Mustafa Dar, operates a "single orchestration layer" to allow clients to receive, convert, and move money across borders using local payment rails.
The platform also integrates SWIFT messaging, USD virtual accounts, stablecoin settlement, liquidity management, and compliance tools into a single network, the company added.
#expa #camp
In a statement, the New York-based firm said the round was led by venture firm Expa and Uber co-founder Garrett Camp.
Coinbase Ventures, Tenet Fund, Second Sight Ventures, and various sovereign and family offices across the Gulf and Africa, among others, also participated.
Fin.com, co-founded by Nabeel Alamgir and Mustafa Dar, operates a "single orchestration layer" to allow clients to receive, convert, and move money across borders using local payment rails.
The platform also integrates SWIFT messaging, USD virtual accounts, stablecoin settlement, liquidity management, and compliance tools into a single network, the company added.
#expa #camp
18 hours ago
Some refiners in ******* an this week rushed to buy Oman's crude for earlier loadings after Saudi Arabia shut down its key pipeline bypassing the Strait of Hormuz, traders with knowledge of the purchases told Bloomberg on Wednesday.
Late last week, Saudi Arabia was forced to temporarily shut down the East-West oil pipeline following drone attacks launched from the territory of Iraq close to the Iranian border on Thursday. The shutdown of the pipeline is a precautionary measure, after the attacks resulted in a number of injuries, the world's top crude oil exporter said.
The 750-mile-long East-West pipeline became Saudi Arabia's vital oil route to bypass the Strait of Hormuz after the Middle East conflict started and Hormuz was closed to shipping traffic. Thanks to the East-West pipeline, the Kingdom has managed to re-route most of its crude loadings from the western ports in the Persian Gulf to the Red Sea port of Yanbu.
Apart from announcing the shutdown of the pipeline and condemning the attacks, Saudi Arabia has not officially updated the market either on the extent of the damage or the timelines for repairs.
The repairs could take three to five weeks, two regional officials briefed on the matter told The ******* ociated Press.
#hormuz #strait
Late last week, Saudi Arabia was forced to temporarily shut down the East-West oil pipeline following drone attacks launched from the territory of Iraq close to the Iranian border on Thursday. The shutdown of the pipeline is a precautionary measure, after the attacks resulted in a number of injuries, the world's top crude oil exporter said.
The 750-mile-long East-West pipeline became Saudi Arabia's vital oil route to bypass the Strait of Hormuz after the Middle East conflict started and Hormuz was closed to shipping traffic. Thanks to the East-West pipeline, the Kingdom has managed to re-route most of its crude loadings from the western ports in the Persian Gulf to the Red Sea port of Yanbu.
Apart from announcing the shutdown of the pipeline and condemning the attacks, Saudi Arabia has not officially updated the market either on the extent of the damage or the timelines for repairs.
The repairs could take three to five weeks, two regional officials briefed on the matter told The ******* ociated Press.
#hormuz #strait
1 day ago
This story was originally published on CRE Daily. Join 70,000+ commercial real estate professionals getting daily news, market insights, and industry **** ysis delivered straight to their inbox with the free CRE Daily newsletter.
Legacy West apartments average $1,845 a month, a 9% premium over comparable Dallas properties that's smaller than any other demand pocket RealPage tracks, yet the submarket needs the fewest concessions to stay leased.
The pocket posted 95.5% occupancy in the second quarter, two points above the Dallas metro average, anchored by roughly 12,000 corporate jobs from employers including Toyota, JPMorgan Chase, and Frito-Lay.
Because Legacy West's strength rests on continued corporate expansion rather than a larger price premium, its durability depends on employers in the Plano-Frisco corridor keeping up their hiring pace.
Apartments in Legacy West command the smallest rent premium of any demand pocket in the Dallas metro, yet the submarket needs fewer concessions to stay full than any of its peers, according to RealPage. The corporate-anchored district straddling the Plano-Frisco border averaged $1,845 in effective rent in the second quarter, a 9% premium over comparable metro properties. That's the smallest premium among the demand pockets RealPage tracks across Dallas, even though Legacy West's occupancy and leasing strength outperform them.
#legacy #dallas #demand
Legacy West apartments average $1,845 a month, a 9% premium over comparable Dallas properties that's smaller than any other demand pocket RealPage tracks, yet the submarket needs the fewest concessions to stay leased.
The pocket posted 95.5% occupancy in the second quarter, two points above the Dallas metro average, anchored by roughly 12,000 corporate jobs from employers including Toyota, JPMorgan Chase, and Frito-Lay.
Because Legacy West's strength rests on continued corporate expansion rather than a larger price premium, its durability depends on employers in the Plano-Frisco corridor keeping up their hiring pace.
Apartments in Legacy West command the smallest rent premium of any demand pocket in the Dallas metro, yet the submarket needs fewer concessions to stay full than any of its peers, according to RealPage. The corporate-anchored district straddling the Plano-Frisco border averaged $1,845 in effective rent in the second quarter, a 9% premium over comparable metro properties. That's the smallest premium among the demand pockets RealPage tracks across Dallas, even though Legacy West's occupancy and leasing strength outperform them.
#legacy #dallas #demand
2 days ago
HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO) announced is has appointed Canadian capital-markets veteran Hubert Marleau as an independent director of BUZZ HPC's board.
Marleau brings more than five decades of cross-border capital-markets and governance experience to the role, strengthening independent oversight as the company scales its sovereign AI infrastructure platform across Canada.
A co-founder of Palos Capital and Palos Management, Marleau has served as Governor of the Montreal and Vancouver stock exchanges and Chairman of the Toronto Stock Exchange Listing Committee, and has been a director of more than 50 publicly traded companies in Canada and the United States. He currently serves as CEO of Nio Strategic Metals and as Market Economist at Palos.
Frank Holmes, executive chairman of HIVE Digital Technologies and BUZZ HPC, said he has known Marleau for 40 years and values his candor and independent judgment as BUZZ scales sovereign AI infrastructure in Canada with Bell.
Aydin Kilic, CEO of HIVE Digital Technologies, said Marleau's experience and independent judgment strengthen the BUZZ HPC board as it enters its next stage of growth.
#canada
Marleau brings more than five decades of cross-border capital-markets and governance experience to the role, strengthening independent oversight as the company scales its sovereign AI infrastructure platform across Canada.
A co-founder of Palos Capital and Palos Management, Marleau has served as Governor of the Montreal and Vancouver stock exchanges and Chairman of the Toronto Stock Exchange Listing Committee, and has been a director of more than 50 publicly traded companies in Canada and the United States. He currently serves as CEO of Nio Strategic Metals and as Market Economist at Palos.
Frank Holmes, executive chairman of HIVE Digital Technologies and BUZZ HPC, said he has known Marleau for 40 years and values his candor and independent judgment as BUZZ scales sovereign AI infrastructure in Canada with Bell.
Aydin Kilic, CEO of HIVE Digital Technologies, said Marleau's experience and independent judgment strengthen the BUZZ HPC board as it enters its next stage of growth.
#canada
2 days ago
New York-based Take-Two Interactive Software, Inc. (TTWO) is a major global video-game publisher and developer behind some of the industry's biggest franchises, including Grand Theft Auto, Red Dead Redemption, NBA 2K, Borderlands, Civilization, WWE 2K, and Zynga's mobile games. Its business spans console, PC, and mobile gaming through three key labels: Rockstar Games, 2K, and Zynga.
Companies with a market cap between $10 billion and $200 billion are typically referred to as "large-cap stocks, and TTWO, with a market cap of $41.7 billion, fits the label. The company's biggest competitive advantage is its deep portfolio of highly recognizable intellectual property. Rockstar's Grand Theft Auto franchise alone has sold more than 470 million units, while GTA V has surpassed 230 million units sold worldwide. Moreover, Grand Theft Auto VI is scheduled for Nov. 19, 2026, alongside new installments of NBA 2K, WWE 2K, PGA TOUR 2K and other franchises.
Goldman Sachs Expects Fed Chair Kevin Warsh to Raise Rates This Week — But Not Because of Oil Prices.
Morgan Stanley Doubles Down on Apple Stock as New Offerings Become 'More Exciting'
The EV Bubble Has Burst. How to Play Rivian Stock Now.
#grand #theft #ttwo
Companies with a market cap between $10 billion and $200 billion are typically referred to as "large-cap stocks, and TTWO, with a market cap of $41.7 billion, fits the label. The company's biggest competitive advantage is its deep portfolio of highly recognizable intellectual property. Rockstar's Grand Theft Auto franchise alone has sold more than 470 million units, while GTA V has surpassed 230 million units sold worldwide. Moreover, Grand Theft Auto VI is scheduled for Nov. 19, 2026, alongside new installments of NBA 2K, WWE 2K, PGA TOUR 2K and other franchises.
Goldman Sachs Expects Fed Chair Kevin Warsh to Raise Rates This Week — But Not Because of Oil Prices.
Morgan Stanley Doubles Down on Apple Stock as New Offerings Become 'More Exciting'
The EV Bubble Has Burst. How to Play Rivian Stock Now.
#grand #theft #ttwo
2 days ago
New York-based Take-Two Interactive Software, Inc. (TTWO) is a major global video-game publisher and developer behind some of the industry's biggest franchises, including Grand Theft Auto, Red Dead Redemption, NBA 2K, Borderlands, Civilization, WWE 2K, and Zynga's mobile games. Its business spans console, PC, and mobile gaming through three key labels: Rockstar Games, 2K, and Zynga.
Companies with a market cap between $10 billion and $200 billion are typically referred to as "large-cap stocks, and TTWO, with a market cap of $41.7 billion, fits the label. The company's biggest competitive advantage is its deep portfolio of highly recognizable intellectual property. Rockstar's Grand Theft Auto franchise alone has sold more than 470 million units, while GTA V has surpassed 230 million units sold worldwide. Moreover, Grand Theft Auto VI is scheduled for Nov. 19, 2026, alongside new installments of NBA 2K, WWE 2K, PGA TOUR 2K and other franchises.
Goldman Sachs Expects Fed Chair Kevin Warsh to Raise Rates This Week — But Not Because of Oil Prices.
Morgan Stanley Doubles Down on Apple Stock as New Offerings Become 'More Exciting'
The EV Bubble Has Burst. How to Play Rivian Stock Now.
#theft #auto #Stock #biggest
Companies with a market cap between $10 billion and $200 billion are typically referred to as "large-cap stocks, and TTWO, with a market cap of $41.7 billion, fits the label. The company's biggest competitive advantage is its deep portfolio of highly recognizable intellectual property. Rockstar's Grand Theft Auto franchise alone has sold more than 470 million units, while GTA V has surpassed 230 million units sold worldwide. Moreover, Grand Theft Auto VI is scheduled for Nov. 19, 2026, alongside new installments of NBA 2K, WWE 2K, PGA TOUR 2K and other franchises.
Goldman Sachs Expects Fed Chair Kevin Warsh to Raise Rates This Week — But Not Because of Oil Prices.
Morgan Stanley Doubles Down on Apple Stock as New Offerings Become 'More Exciting'
The EV Bubble Has Burst. How to Play Rivian Stock Now.
#theft #auto #Stock #biggest
2 days ago
Comedian and podcast host Bill Maher called out deep-blue California on Monday and said the state's voters would always support a Democrat, even if their policies were failing, as long as President Donald Trump was ******* ociated with the Republican Party.
During an interview on "Club Random" with David Foster, Maher argued that California would never vote for a Republican as long as Trump was involved in the party.
Maher noted Spencer Pratt, a Republican who finished third in Los Angeles' mayoral race and therefore did not advance to the general election, had the instinct that California had a "failed system," and Maher agreed.
"It just shows that, in this state, I guess everywhere, we're so bipartisan now, that we will accept failure, which we plainly have here in California, over voting for the party of Trump," Maher said. "Which, I understand, because he does a lot of things that are I mean, plus, Jesus, I mean, I get a lot of s--- from him for the things I criticize just off the top of my head, vulgar, corrupt, doesn't concede elections, you know, inept at things that sometimes were a good idea to begin with. Close the border, you know, get rid of nuclear weapons in Iran, but f---ed up the execution."
Bill Maher argued California will never vote for a Republican as long as President Donald Trump is involved in the party, even as failures mount.
#maher #republican #president
During an interview on "Club Random" with David Foster, Maher argued that California would never vote for a Republican as long as Trump was involved in the party.
Maher noted Spencer Pratt, a Republican who finished third in Los Angeles' mayoral race and therefore did not advance to the general election, had the instinct that California had a "failed system," and Maher agreed.
"It just shows that, in this state, I guess everywhere, we're so bipartisan now, that we will accept failure, which we plainly have here in California, over voting for the party of Trump," Maher said. "Which, I understand, because he does a lot of things that are I mean, plus, Jesus, I mean, I get a lot of s--- from him for the things I criticize just off the top of my head, vulgar, corrupt, doesn't concede elections, you know, inept at things that sometimes were a good idea to begin with. Close the border, you know, get rid of nuclear weapons in Iran, but f---ed up the execution."
Bill Maher argued California will never vote for a Republican as long as President Donald Trump is involved in the party, even as failures mount.
#maher #republican #president
2 days ago
On September 14, Radiant Logistics (NYSEAMERICAN:RLGT) held its fourth fiscal quarter earnings call, and the headline numbers landed harder than a typical logistics update. Net income jumped 53.1% to $7.5 million for the quarter ended June 30, while revenue climbed 18.5% to $261.4 million. Look past that one quarter, though, and the picture gets more complicated, because full-year adjusted profitability actually fell. That gap between a blowout quarter and a softer year is what makes this name worth a closer look.
The fourth fiscal quarter was strong from top to bottom. Adjusted EBITDA rose 31.6% to $10.4 million, margin expanded 240 basis points to 15.5%, and adjusted net income climbed 34.5% to $7.4 million, all against organic revenue growth of 8%. Management credited the acceleration to US forwarding operations and international airfreight, including work supporting disaster relief after typhoon activity hit the Western Pacific earlier this year, plus airfreight demand tied to capital flows into global data center buildouts.
The balance sheet backs up the story. Radiant enters fiscal 2027 with zero net debt, $25.6 million in cash as of June 30, and a $200 million senior credit facility that was extended and restated in August, pushing maturity out to August 7, 2031, while its acquisition-focused accordion grew to $100 million from $75 million. On the domestic side, capacity has been exiting the truckload and intermodal markets, and spot rates and tender rejections moved higher late in the quarter. Radiant also launched a new independent agent program at Radiant Road & Rail during the quarter, extending its freight forwarding agent network into truck brokerage and intermodal, while Navegate is gaining traction, with one enterprise customer now managing more than 1,400 vendors on the platform.
The full-year numbers tell a different story than the quarter does. Revenue rose just 3.5% to $934.4 million from $902.7 million, a fraction of the fourth quarter's 18.5% pace, and full-year net income grew a modest 8.7% to $18.8 million. Full-year adjusted EBITDA actually fell 5.4% to $36.7 million from $38.8 million, and that figure included a $1.3 million First Brands adjustment. Strip that out and normalized adjusted EBITDA comes in at $35.4 million, an even steeper decline than the headline number suggests.
The operating backdrop stays complicated too. Ocean shipping routes remain disrupted by the closure of the Strait of Hormuz and continued Houthi activity affecting Suez Canal transits, keeping capacity tight on key trade lanes. US tariff policy is generating elevated IEEPA-related filing activity, and Canada put new retaliatory tariff measures into effect in early September, adding fresh complexity for shippers moving goods across that border. Management itself acknowledged that the domestic truck brokerage improvement seen late in the fourth quarter is not yet fully reflected in the reported results.
#million #quarter #revenue #fiscal
The fourth fiscal quarter was strong from top to bottom. Adjusted EBITDA rose 31.6% to $10.4 million, margin expanded 240 basis points to 15.5%, and adjusted net income climbed 34.5% to $7.4 million, all against organic revenue growth of 8%. Management credited the acceleration to US forwarding operations and international airfreight, including work supporting disaster relief after typhoon activity hit the Western Pacific earlier this year, plus airfreight demand tied to capital flows into global data center buildouts.
The balance sheet backs up the story. Radiant enters fiscal 2027 with zero net debt, $25.6 million in cash as of June 30, and a $200 million senior credit facility that was extended and restated in August, pushing maturity out to August 7, 2031, while its acquisition-focused accordion grew to $100 million from $75 million. On the domestic side, capacity has been exiting the truckload and intermodal markets, and spot rates and tender rejections moved higher late in the quarter. Radiant also launched a new independent agent program at Radiant Road & Rail during the quarter, extending its freight forwarding agent network into truck brokerage and intermodal, while Navegate is gaining traction, with one enterprise customer now managing more than 1,400 vendors on the platform.
The full-year numbers tell a different story than the quarter does. Revenue rose just 3.5% to $934.4 million from $902.7 million, a fraction of the fourth quarter's 18.5% pace, and full-year net income grew a modest 8.7% to $18.8 million. Full-year adjusted EBITDA actually fell 5.4% to $36.7 million from $38.8 million, and that figure included a $1.3 million First Brands adjustment. Strip that out and normalized adjusted EBITDA comes in at $35.4 million, an even steeper decline than the headline number suggests.
The operating backdrop stays complicated too. Ocean shipping routes remain disrupted by the closure of the Strait of Hormuz and continued Houthi activity affecting Suez Canal transits, keeping capacity tight on key trade lanes. US tariff policy is generating elevated IEEPA-related filing activity, and Canada put new retaliatory tariff measures into effect in early September, adding fresh complexity for shippers moving goods across that border. Management itself acknowledged that the domestic truck brokerage improvement seen late in the fourth quarter is not yet fully reflected in the reported results.
#million #quarter #revenue #fiscal
2 days ago
Financial infrastructure provider Fin.com has "emerged from stealth" with $20m in seed funding.
In a statement, the New York-based firm said the round was led by venture firm Expa and Uber co-founder Garrett Camp.
Coinbase Ventures, Tenet Fund, Second Sight Ventures, and various sovereign and family offices across the Gulf and Africa, among others, also participated.
Fin.com, co-founded by Nabeel Alamgir and Mustafa Dar, operates a "single orchestration layer" to allow clients to receive, convert, and move money across borders using local payment rails.
The platform also integrates SWIFT messaging, USD virtual accounts, stablecoin settlement, liquidity management, and compliance tools into a single network, the company added.
#expa
In a statement, the New York-based firm said the round was led by venture firm Expa and Uber co-founder Garrett Camp.
Coinbase Ventures, Tenet Fund, Second Sight Ventures, and various sovereign and family offices across the Gulf and Africa, among others, also participated.
Fin.com, co-founded by Nabeel Alamgir and Mustafa Dar, operates a "single orchestration layer" to allow clients to receive, convert, and move money across borders using local payment rails.
The platform also integrates SWIFT messaging, USD virtual accounts, stablecoin settlement, liquidity management, and compliance tools into a single network, the company added.
#expa
2 days ago
CAIRO (AP) — Saudi Arabia accused Yemen's Iran-backed Houthi rebels overnight of trying to attack Islam's holiest city, prompting condemnation from countries in the region but no sign of military support. The kingdom, a key U.S. ally, declared Mecca a "red line" as it slid deeper into the new front of the Iran war.
With the world's biggest oil exporter under fire from the rebels backed by the Saudis' regional adversary, Tehran, the kingdom needs a safe outlet for its crude as well as military ******* istance. A path to either one remains unclear.
A crucial Saudi pipeline has reportedly been shut down for weeks after an attack by Iranian-backed militias in Iraq. The Yemen-based Houthis have been targeting infrastructure in the kingdom as well as its shipping on the Red Sea, where they have seized several islands on the Bab el-Mandeb Strait. And Iran is still targeting ships in the Strait of Hormuz. Oil prices remain above $100 a barrel.
The Houthis denied firing drones toward Mecca, about 1,100 kilometers (680 miles) from Yemen's border. The Saudis said they intercepted and destroyed the drone before it entered the airspace over the birthplace of the Prophet Muhammad.
The attacks are the first test of a new defense pact among Saudi Arabia, NATO member Turkey and nuclear power Pakistan. But officials from Turkey and Pakistan told The ******* ociated Press they have not received a Saudi request for support in response to the Houthis' escalation.
#arabia #saudis #turkey
With the world's biggest oil exporter under fire from the rebels backed by the Saudis' regional adversary, Tehran, the kingdom needs a safe outlet for its crude as well as military ******* istance. A path to either one remains unclear.
A crucial Saudi pipeline has reportedly been shut down for weeks after an attack by Iranian-backed militias in Iraq. The Yemen-based Houthis have been targeting infrastructure in the kingdom as well as its shipping on the Red Sea, where they have seized several islands on the Bab el-Mandeb Strait. And Iran is still targeting ships in the Strait of Hormuz. Oil prices remain above $100 a barrel.
The Houthis denied firing drones toward Mecca, about 1,100 kilometers (680 miles) from Yemen's border. The Saudis said they intercepted and destroyed the drone before it entered the airspace over the birthplace of the Prophet Muhammad.
The attacks are the first test of a new defense pact among Saudi Arabia, NATO member Turkey and nuclear power Pakistan. But officials from Turkey and Pakistan told The ******* ociated Press they have not received a Saudi request for support in response to the Houthis' escalation.
#arabia #saudis #turkey
3 days ago
Former US CIA director David Petraeus was at a Ukrainian train station at the very moment a Russian drone struck a passenger train on Sunday, shortly after a diplomatic train carrying former UK Prime Minister Boris Johnson and other foreign dignitaries had passed through.
Kyiv framed the attack as evidence of the increased threat Russia's Vladimir Putin poses to Europe, with Ukraine's rail operator saying it was "quite likely" a targeted attack.
The diplomatic train carrying Johnson, European security officials and other former leaders from Kyiv to Poland had made an early departure from Yahodyn station –– about two kilometers (1.2 miles) from the Polish border –– due to the "constant threat of Russian strikes," said Ukrainian Railways. It had already crossed into Poland by the time of the attack.
Petraeus was traveling on a separate train which was still at Yahodyn station, a Ukrainian Railways statement said. CNN has reached out to Petraeus for comment.
The rail operator said that while it was still clarifying details, it is "quite likely" that the Russian drone could have deliberately targeted the officials' train.
#ukrainian #russian
Kyiv framed the attack as evidence of the increased threat Russia's Vladimir Putin poses to Europe, with Ukraine's rail operator saying it was "quite likely" a targeted attack.
The diplomatic train carrying Johnson, European security officials and other former leaders from Kyiv to Poland had made an early departure from Yahodyn station –– about two kilometers (1.2 miles) from the Polish border –– due to the "constant threat of Russian strikes," said Ukrainian Railways. It had already crossed into Poland by the time of the attack.
Petraeus was traveling on a separate train which was still at Yahodyn station, a Ukrainian Railways statement said. CNN has reached out to Petraeus for comment.
The rail operator said that while it was still clarifying details, it is "quite likely" that the Russian drone could have deliberately targeted the officials' train.
#ukrainian #russian
4 days ago
White House border czar Tom Homan confirmed on "The Sunday Briefing" that the Department of Homeland Security is looking into allegations involving Rep. Ilhan Omar, D-Minn., but would not disclose details about what he described as an "ongoing criminal investigation."
Pressed on whether the federal government has evidence that Omar committed immigration or naturalization fraud, Homan declined to comment.
U.S. Rep. Ilhan Omar, D-Minn., poses for a portrait in her office on Capitol Hill Dec. 10, 2025.
"I know things are going on, but I can't give specifics of what's happening," Homan said.
"If someone committed an immigration violation, if someone committed marriage fraud or anything like that, regardless if they're a congressman or not, no one's above the law. So, I'll leave it at that. We'll let HSI, Homeland Security Investigations, continue the investigation."
#homan #homeland #ilhan #investigation
Pressed on whether the federal government has evidence that Omar committed immigration or naturalization fraud, Homan declined to comment.
U.S. Rep. Ilhan Omar, D-Minn., poses for a portrait in her office on Capitol Hill Dec. 10, 2025.
"I know things are going on, but I can't give specifics of what's happening," Homan said.
"If someone committed an immigration violation, if someone committed marriage fraud or anything like that, regardless if they're a congressman or not, no one's above the law. So, I'll leave it at that. We'll let HSI, Homeland Security Investigations, continue the investigation."
#homan #homeland #ilhan #investigation
4 days ago
This summer, a 28-year-old digital content marketer packed up his suitcases and duct-taped boxes and fled Russia, leaving behind his family and friends and not knowing when he'll be able to return.
"It is very sad to leave Russia," he said in the southern city of Krasnodar before heading for the border with Georgia.
He blamed "the political situation" in Russia and complications over authorities restricting internet access as his reasons for leaving. Otherwise, "I never would have left for more than several months," he told The ******* ociated Press, speaking on condition of anonymity because of security concerns.
He is one of a number of people who either left or are contemplating a move amid recent Ukrainian drone attacks inside Russia and persistent rumors of a coming mobilization of troops for the 4 1/2-year-old war.
The attacks this summer caused an unprecedented fuel crisis and dealt crippling blows to the booming e-commerce sector. Since last year, the government has cited the attacks to justify harsh restrictions on connecting to the internet.
#Russia #year #otherwise
"It is very sad to leave Russia," he said in the southern city of Krasnodar before heading for the border with Georgia.
He blamed "the political situation" in Russia and complications over authorities restricting internet access as his reasons for leaving. Otherwise, "I never would have left for more than several months," he told The ******* ociated Press, speaking on condition of anonymity because of security concerns.
He is one of a number of people who either left or are contemplating a move amid recent Ukrainian drone attacks inside Russia and persistent rumors of a coming mobilization of troops for the 4 1/2-year-old war.
The attacks this summer caused an unprecedented fuel crisis and dealt crippling blows to the booming e-commerce sector. Since last year, the government has cited the attacks to justify harsh restrictions on connecting to the internet.
#Russia #year #otherwise
4 days ago
HONG KONG, Sept 14 (Reuters) - The Himalayas are approaching a tipping point as glaciers melt faster than a decade ago, threatening water security as the region approaches "peak water" by mid-century, according to a study released this month.
The findings come after the collapse of a Himalayan glacier in late August along the Nepal-Tibet border, which caused cascading landslides and flash floods in the valleys below. At least 1,300 people have been confirmed dead and more than 5,300 are missing across Nepal and China's Tibet region.
As glaciers retreat, they are leaving behind unstable glacial lakes held back by little more than loose rock and ice, above valleys where millions of people live, the study found.
The study was produced by Systemiq, a sustainability advisory firm, together with the Integrated Mountain Initiative, the International Centre for Integrated Mountain Development, and India's G.B. Pant National Institute of Himalayan Environment.
Himalayan glacier mass loss had accelerated in recent decades, while only 21 glaciers were currently monitored on the ground out of an estimated 40,000 glaciers across the Hindu Kush-Himalaya region, a vast mountain system spanning eight countries from Afghanistan to Myanmar, the study found.
#mountain #region #nepal
The findings come after the collapse of a Himalayan glacier in late August along the Nepal-Tibet border, which caused cascading landslides and flash floods in the valleys below. At least 1,300 people have been confirmed dead and more than 5,300 are missing across Nepal and China's Tibet region.
As glaciers retreat, they are leaving behind unstable glacial lakes held back by little more than loose rock and ice, above valleys where millions of people live, the study found.
The study was produced by Systemiq, a sustainability advisory firm, together with the Integrated Mountain Initiative, the International Centre for Integrated Mountain Development, and India's G.B. Pant National Institute of Himalayan Environment.
Himalayan glacier mass loss had accelerated in recent decades, while only 21 glaciers were currently monitored on the ground out of an estimated 40,000 glaciers across the Hindu Kush-Himalaya region, a vast mountain system spanning eight countries from Afghanistan to Myanmar, the study found.
#mountain #region #nepal
4 days ago
James Talarico, the Democratic candidate for U.S. Senate in Texas, once described parents who refused to acknowledge their children's gender identity as potentially engaging in "abusive" behavior.
"I think there are some folks that would think that if you deny your child's gender identity, that's incredibly harmful. And whether or not we label it with the term abuse, it's abusive for sure," Talarico said while speaking at a committee hearing in the Texas Legislature in 2019.
Talarico's resurfaced comments add to a growing pile of past remarks that cut against his efforts to paint himself as a moderate on issues like gender, policing and border security as he attempts to win over Texas, a historically Republican-leaning state.
Talarico Says He 'Missed The Mark' As He Backtracks On Controversial Woke Statements
Democratic U.S. Senate candidate James Talarico speaks during a campaign rally at the Cailloux Theater on Aug. 31, 2026, in Kerrville, Texas. Talarico is in a close race against Republican Ken Paxton ahead of the Nov. 3 general election.
#gender #democratic #senate #abusive
"I think there are some folks that would think that if you deny your child's gender identity, that's incredibly harmful. And whether or not we label it with the term abuse, it's abusive for sure," Talarico said while speaking at a committee hearing in the Texas Legislature in 2019.
Talarico's resurfaced comments add to a growing pile of past remarks that cut against his efforts to paint himself as a moderate on issues like gender, policing and border security as he attempts to win over Texas, a historically Republican-leaning state.
Talarico Says He 'Missed The Mark' As He Backtracks On Controversial Woke Statements
Democratic U.S. Senate candidate James Talarico speaks during a campaign rally at the Cailloux Theater on Aug. 31, 2026, in Kerrville, Texas. Talarico is in a close race against Republican Ken Paxton ahead of the Nov. 3 general election.
#gender #democratic #senate #abusive
5 days ago
Coinbase (NASDAQ: COIN), one of the world's largest cryptocurrency exchanges, recently partnered with Moov, a payments infrastructure provider, to bring stablecoin payments and settlements to more than 1,000 U.S. community banks and credit unions. By integrating Coinbase's digital ******* et infrastructure into Moov's payments platform, the two companies will enable those financial institutions to accept stablecoins without building their own blockchains.
Let's see how this partnership could help Coinbase, why everyone is talking about stablecoins right now, and how the upcoming vote on the CLARITY Act could impact those plans.
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 »
Stablecoins are cryptocurrencies pegged to a stable fiat currency, such as the U.S. dollar or the euro, and can be held without a bank account. Their payments can be settled 24/7, enabling faster, cheaper money transfers than fiat currencies. They can be deposited in third-party lending platforms and liquidity pools to earn higher yields than traditional bank accounts.
Stablecoins can also allow people in countries with hyperinflation to preserve their savings without buying the underlying fiat currencies. They can also be used to accelerate cross-border transfers by acting as a "bridge currency" between the two fiat currencies.
#signal #Coinbase
Let's see how this partnership could help Coinbase, why everyone is talking about stablecoins right now, and how the upcoming vote on the CLARITY Act could impact those plans.
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 »
Stablecoins are cryptocurrencies pegged to a stable fiat currency, such as the U.S. dollar or the euro, and can be held without a bank account. Their payments can be settled 24/7, enabling faster, cheaper money transfers than fiat currencies. They can be deposited in third-party lending platforms and liquidity pools to earn higher yields than traditional bank accounts.
Stablecoins can also allow people in countries with hyperinflation to preserve their savings without buying the underlying fiat currencies. They can also be used to accelerate cross-border transfers by acting as a "bridge currency" between the two fiat currencies.
#signal #Coinbase
5 days ago
Stellantis N.V. (NYSE:STLA)'s long-idled Belvidere ******* embly Plant in Illinois has been a case study for how a plant reopening can be pushed further into the future. The plant has been dormant since February 2023, when Stellantis N.V. (NYSE:STLA) ended the Jeep Cherokee production and laid off over 1,300 employees. A 2027 production target for Belvidere has now shifted, with Stellantis targeting pilot production of the next-generation Cherokee in the first half of 2028 and retail production in the second half of 2029, even as Stellantis portrays the news as a larger investment rather than a delay.
Stellantis N.V. (NYSE:STLA) announced an increase in its Belvidere investment to more than $800 million, up from a previous commitment of $600 million or more, and confirmed that the plant will produce the next-generation Jeep Cherokee on its new STLA One platform, the first vehicle built in the US on that modular design, which the company claims will improve manufacturing efficiency and reduce costs.
However, according to UAW Local 1268 president Matt Frantzen, citing internal records and talks with company executives, the updated schedule pushes pilot production into the first half of 2028, while retail production is not targeted to begin until the second half of 2029, roughly two years later than Stellantis' previous 2027 initial-production target.
The Belvidere news is a grave situation developing north of the border. Unifor, the Canadian union that represents Detroit Three autoworkers, stated that Stellantis N.V. (NYSE:STLA) has signed an MOU with Canadian armored-vehicle maker Roshel outlining a potential sale of its Brampton, Ontario ******* embly plant, which has been idle since 2023. According to union president Lana Payne, Stellantis N.V. (NYSE:STLA) has yet to provide the official year's notice required by the collective agreement. Payne described it as a "lose-lose scenario," claiming Stellantis' 2023 commitment to keep Brampton staffed had been broken.
The two stories are directly related. Brampton had been scheduled to build the Jeep Compass, with retooling beginning in early 2024 before Stellantis N.V. (NYSE:STLA) paused it in 2025 and then, that October, moved Compass manufacturing to the US completely, the same reassignment that sent the model to Belvidere.
#stellantis #NYSE
Stellantis N.V. (NYSE:STLA) announced an increase in its Belvidere investment to more than $800 million, up from a previous commitment of $600 million or more, and confirmed that the plant will produce the next-generation Jeep Cherokee on its new STLA One platform, the first vehicle built in the US on that modular design, which the company claims will improve manufacturing efficiency and reduce costs.
However, according to UAW Local 1268 president Matt Frantzen, citing internal records and talks with company executives, the updated schedule pushes pilot production into the first half of 2028, while retail production is not targeted to begin until the second half of 2029, roughly two years later than Stellantis' previous 2027 initial-production target.
The Belvidere news is a grave situation developing north of the border. Unifor, the Canadian union that represents Detroit Three autoworkers, stated that Stellantis N.V. (NYSE:STLA) has signed an MOU with Canadian armored-vehicle maker Roshel outlining a potential sale of its Brampton, Ontario ******* embly plant, which has been idle since 2023. According to union president Lana Payne, Stellantis N.V. (NYSE:STLA) has yet to provide the official year's notice required by the collective agreement. Payne described it as a "lose-lose scenario," claiming Stellantis' 2023 commitment to keep Brampton staffed had been broken.
The two stories are directly related. Brampton had been scheduled to build the Jeep Compass, with retooling beginning in early 2024 before Stellantis N.V. (NYSE:STLA) paused it in 2025 and then, that October, moved Compass manufacturing to the US completely, the same reassignment that sent the model to Belvidere.
#stellantis #NYSE
5 days ago
EL PASO, Texas – UTEP volleyball extended its winning streak to seven matches after defeating UC San Diego, 3-1 (25-19, 25-21, 22-25, 25-20), Saturday afternoon inside Club Memorial to finish undefeated at the Borderland Classic. The Miners improve to 7-1 on the season, while the Tritons fall to 2-6.
MATCH SUMMARY
UTEP jumped out to a 2-0 lead before UC San Diego responded in the third set, but the Miners answered in the fourth to close out the match and complete the tournament sweep. UTEP finished the afternoon with a .336 hitting percentage and limited the Tritons to a .216 clip.
LEADERBOARD
Luvina Oguntimehin led all players with 14 kills, while Daisy Voskuhl followed with 11. Ema Uskokovic and Mackenzi Davis each added 10 kills.
#afternoon #saturday
MATCH SUMMARY
UTEP jumped out to a 2-0 lead before UC San Diego responded in the third set, but the Miners answered in the fourth to close out the match and complete the tournament sweep. UTEP finished the afternoon with a .336 hitting percentage and limited the Tritons to a .216 clip.
LEADERBOARD
Luvina Oguntimehin led all players with 14 kills, while Daisy Voskuhl followed with 11. Ema Uskokovic and Mackenzi Davis each added 10 kills.
#afternoon #saturday
5 days ago
During the September 8 episode of Mad Money, Jim Cramer turned his attention to Enbridge Inc. (NYSE:ENB), examining escalating geopolitical tensions. He commented:
As long as the war with Iran drags on, it's easy to recommend the refiners like a Valero or a Marathon. I don't see it ending any time soon, not with the US and Iran trading volleys this evening at islands and ships in the Strait. But how about a pipeline that moves about 30% of all crude produced in North America? Now, I'm talking about Enbridge which has a 5.5% yield. Also has a natural gas, you know, it transports 20% of the natural gas that's consumed in America. Okay, it's Canadian, but it's not caught up in the tariff fight because slapping tariffs on Canadian energy would be economic suicide for our country.
Cramer's focus on Enbridge Inc. (NYSE:ENB) highlights the structural dominance of its midstream network. The company operates as a significant transport network for North American energy, moving approximately 30% of all crude produced on the continent. Moreover, its vast utility and transmission network handles 20% of the natural gas consumed in the United States. The company's toll-road business model generates highly predictable cash flows, supporting an attractive dividend yield of roughly 5.6%. For income-focused investors, the combination of essential operational volume and reliable capital return creates a defensive cushion during volatile market cycles.
The company's defensive moat goes into cross-border trade and regional security. As Cramer pointed out, imposing punitive tariffs on Canadian energy imports would amount to severe economic self-harm for the United States, given the deep interdependence of North American energy grids.
Even with steady toll revenues, Enbridge Inc. (NYSE:ENB) carries a heavy debt load that comes with the territory of running massive pipeline networks, with long-term debt sitting at approximately C$104 billion. Because building and maintaining energy infrastructure requires heavy borrowing, higher interest rates hit financing costs, which can occasionally weigh on income-seeking investors.
#enbridge #natural #Iran #America
As long as the war with Iran drags on, it's easy to recommend the refiners like a Valero or a Marathon. I don't see it ending any time soon, not with the US and Iran trading volleys this evening at islands and ships in the Strait. But how about a pipeline that moves about 30% of all crude produced in North America? Now, I'm talking about Enbridge which has a 5.5% yield. Also has a natural gas, you know, it transports 20% of the natural gas that's consumed in America. Okay, it's Canadian, but it's not caught up in the tariff fight because slapping tariffs on Canadian energy would be economic suicide for our country.
Cramer's focus on Enbridge Inc. (NYSE:ENB) highlights the structural dominance of its midstream network. The company operates as a significant transport network for North American energy, moving approximately 30% of all crude produced on the continent. Moreover, its vast utility and transmission network handles 20% of the natural gas consumed in the United States. The company's toll-road business model generates highly predictable cash flows, supporting an attractive dividend yield of roughly 5.6%. For income-focused investors, the combination of essential operational volume and reliable capital return creates a defensive cushion during volatile market cycles.
The company's defensive moat goes into cross-border trade and regional security. As Cramer pointed out, imposing punitive tariffs on Canadian energy imports would amount to severe economic self-harm for the United States, given the deep interdependence of North American energy grids.
Even with steady toll revenues, Enbridge Inc. (NYSE:ENB) carries a heavy debt load that comes with the territory of running massive pipeline networks, with long-term debt sitting at approximately C$104 billion. Because building and maintaining energy infrastructure requires heavy borrowing, higher interest rates hit financing costs, which can occasionally weigh on income-seeking investors.
#enbridge #natural #Iran #America
6 days ago
AVAV stock has plunged 40% in a year despite a historic $464M Army laser contract and a record $1.5B funded backlog.
AeroVironment's LOCUST laser cuts drone intercept costs from millions to under $10 per shot, backed by 300 cartel drones already downed at the southern border.
Nawabi sold 28,265 shares at $139 while ***** ysts set a $226 average price target, leaving investors to weigh insider doubt against a 47x forward P/E.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now, and AeroVironment didn't make the cut. Enter your email to see the names that beat AVAV. The report is free. Enter your email and see if any of your stocks made the cut.
AeroVironment (NASDAQ:AVAV) chairman and chief executive Wahid Nawabi went on CNBC this week with an arithmetic problem for defense investors. Drones being thrown at Western militaries and border installations cost roughly $150,000 apiece, according to Nawabi, while the interceptors historically used to knock them down cost millions of dollars per shot. His pitch is that AeroVironment's LOCUST directed-energy laser, per Nawabi, brings that engagement cost down to less than $10 per shot.
#nawabi #avav #cost #locust
AeroVironment's LOCUST laser cuts drone intercept costs from millions to under $10 per shot, backed by 300 cartel drones already downed at the southern border.
Nawabi sold 28,265 shares at $139 while ***** ysts set a $226 average price target, leaving investors to weigh insider doubt against a 47x forward P/E.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now, and AeroVironment didn't make the cut. Enter your email to see the names that beat AVAV. The report is free. Enter your email and see if any of your stocks made the cut.
AeroVironment (NASDAQ:AVAV) chairman and chief executive Wahid Nawabi went on CNBC this week with an arithmetic problem for defense investors. Drones being thrown at Western militaries and border installations cost roughly $150,000 apiece, according to Nawabi, while the interceptors historically used to knock them down cost millions of dollars per shot. His pitch is that AeroVironment's LOCUST directed-energy laser, per Nawabi, brings that engagement cost down to less than $10 per shot.
#nawabi #avav #cost #locust
6 days ago
NEW DELHI: England captain Joe Root went past Indian batting great Sachin Tendulkar's record for most fifties in Test cricket during England's eight-wicket win over Pakistan in the third Test at Edgbaston on Saturday.
Root remained unbeaten on 62 off 69 ****** , hitting nine fours, as England chased down 130 to complete a 3-0 Test series whitewash.
His unbeaten half-century took his tally of Test fifties to 69, moving him past Tendulkar's 68.
West Indies great Shivnarine Chanderpaul is third on the list with 66 fifties, while Allan Border and Rahul Dravid have 63 each. Ricky Ponting has 62.
69* – Joe Root
68 – Sachin Tendulkar
66 – Shivnarine Chanderpaul
63 – Allan Border
#past
Root remained unbeaten on 62 off 69 ****** , hitting nine fours, as England chased down 130 to complete a 3-0 Test series whitewash.
His unbeaten half-century took his tally of Test fifties to 69, moving him past Tendulkar's 68.
West Indies great Shivnarine Chanderpaul is third on the list with 66 fifties, while Allan Border and Rahul Dravid have 63 each. Ricky Ponting has 62.
69* – Joe Root
68 – Sachin Tendulkar
66 – Shivnarine Chanderpaul
63 – Allan Border
#past
6 days ago
Missouri's Eli Drinkwitz blasts KU's Civil War-themed hype video after Border War win: 'We left Kansas bleeding again' originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
Few hype videos in recent college football history proved as eye-catching as Kansas' latest, released days before the Jayhawks took on rival Missouri in "The Border War."
The video referenced the region's precarious history, likening the actions of Missouri-based pro-slavery forces to villains compared to Kansas-born abolitionists like John Brown.
The Tigers answered the call on the field, downing the Jayhawks 38-21 on Friday night. Shortly after the game went final, Missouri head coach Eli Drinkwitz had his say about the polarizing video, which garnered millions of views ahead of the tilt.
MORE: Kansas releases Civil War-themed hype video
#history
Few hype videos in recent college football history proved as eye-catching as Kansas' latest, released days before the Jayhawks took on rival Missouri in "The Border War."
The video referenced the region's precarious history, likening the actions of Missouri-based pro-slavery forces to villains compared to Kansas-born abolitionists like John Brown.
The Tigers answered the call on the field, downing the Jayhawks 38-21 on Friday night. Shortly after the game went final, Missouri head coach Eli Drinkwitz had his say about the polarizing video, which garnered millions of views ahead of the tilt.
MORE: Kansas releases Civil War-themed hype video
#history
6 days ago
Missouri coach Eli Drinkwitz blasted Kansas for its Civil War–themed hype video ahead of Friday's "Border War" college football rivalry game.
"I was disappointed in the rivalry—the turn that it took today," Drinkwitz said after the Tigers beat the Jayhawks 38–21 in Lawrence. "I thought that was uncalled for."
Kansas released a controversial social media video on Thursday ahead of hosting Missouri for the first time since 2005.
"This rivalry is different, because it's built on something much deeper than just school pride," narrator and former Kansas football star Gilbert Brown said. "It's fueled by hatred, passed down through generations. Our roots reach back to the Civil War, when blood was spilt over what you believed in and which side you stood on. There are heroes and villains, only allegiance decides their legacy. There's right and wrong. There's Kansas and Missouri." The video has more than 35 million views on X/Twitter as of Saturday morning.
"This is about two teams playing football," Drinkwitz said. "Especially on 9/11, when we need more unity now than ever before, to be putting some stuff on your screen—celebrating—everybody's got complicated pasts, and to make that an icon was bizarre to me. So, I'm just glad that this whole right-versus-wrong bullcrap that was started just got settled on a football field."
#kansas #drinkwitz #ahead #wrong
"I was disappointed in the rivalry—the turn that it took today," Drinkwitz said after the Tigers beat the Jayhawks 38–21 in Lawrence. "I thought that was uncalled for."
Kansas released a controversial social media video on Thursday ahead of hosting Missouri for the first time since 2005.
"This rivalry is different, because it's built on something much deeper than just school pride," narrator and former Kansas football star Gilbert Brown said. "It's fueled by hatred, passed down through generations. Our roots reach back to the Civil War, when blood was spilt over what you believed in and which side you stood on. There are heroes and villains, only allegiance decides their legacy. There's right and wrong. There's Kansas and Missouri." The video has more than 35 million views on X/Twitter as of Saturday morning.
"This is about two teams playing football," Drinkwitz said. "Especially on 9/11, when we need more unity now than ever before, to be putting some stuff on your screen—celebrating—everybody's got complicated pasts, and to make that an icon was bizarre to me. So, I'm just glad that this whole right-versus-wrong bullcrap that was started just got settled on a football field."
#kansas #drinkwitz #ahead #wrong
6 days ago
Eli Drinkwitz doesn't usually mince words. While mostly affable, the Missouri head coach doesn't always subscribe to tact. He's not to afraid to say how he feels.
He certainly didn't pull any punches after his No. 23 Tigers squad humbled Kansas on the road Friday night in the latest iteration of the schools' "Border Showdown." Missouri (2-0) handed the Jayhawks (1-1) a 38-21 defeat that could have looked even more lopsided had a head-turning shot to the end zone not fallen incomplete in the game's waning moments at David Booth Kansas Memorial Stadium in Lawrence.
That potential death knell resulted from Drinkwitz's frustration toward Kansas and the way the Jayhawks brazenly approached the programs' longstanding yet complicated rivalry in the lead-up to the matchup.
Kansas leaned into the Civil War history between the two states, posting a pregame hype video framed as "heroes vs. villains" with the social media caption, "It is that deep." Drinkwitz wasn't amused and fundamentally disagreed.
"I get there's a past to it, but why are we stirring that bull **** up? It's 9/11," Drinkwitz said postgame on Friday, the 25th anniversary of the Sept. 11 attacks.
#kansas #drinkwitz #showdown
He certainly didn't pull any punches after his No. 23 Tigers squad humbled Kansas on the road Friday night in the latest iteration of the schools' "Border Showdown." Missouri (2-0) handed the Jayhawks (1-1) a 38-21 defeat that could have looked even more lopsided had a head-turning shot to the end zone not fallen incomplete in the game's waning moments at David Booth Kansas Memorial Stadium in Lawrence.
That potential death knell resulted from Drinkwitz's frustration toward Kansas and the way the Jayhawks brazenly approached the programs' longstanding yet complicated rivalry in the lead-up to the matchup.
Kansas leaned into the Civil War history between the two states, posting a pregame hype video framed as "heroes vs. villains" with the social media caption, "It is that deep." Drinkwitz wasn't amused and fundamentally disagreed.
"I get there's a past to it, but why are we stirring that bull **** up? It's 9/11," Drinkwitz said postgame on Friday, the 25th anniversary of the Sept. 11 attacks.
#kansas #drinkwitz #showdown
6 days ago
Eli Drinkwitz turned his postgame news conference in Lawrence toward a 90-second video on Friday night, a few hours after Missouri had settled the 122nd Border War 38-21 at David Booth Kansas Memorial Stadium.
The clip, ******* led "Heroes and Villains" and narrated by former Kansas nose tackle Gilbert Brown, went up on the Jayhawks' social accounts on Thursday and reached back to the Civil War fighting along the state line, splicing in images of John Brown and William Quantrill under a narration line about right and wrong, Kansas and Missouri.
Kansas ran it again on the videoboard shortly before kickoff. Drinkwitz was asked about it once the Tigers had moved to 2-0, and he did not stop at one sentence.
Oct 11, 2025; Columbia, Missouri, USA; Missouri Tigers head coach Eli Drinkwitz reacts during the second half of the game against the Alabama Crimson Tide at Faurot Field at Memorial Stadium. Mandatory Credit: Jay Biggerstaff-Imagn Images
"Disappointed in the rivalry, the turn that it took today. I thought that was uncalled for, and you know, this is about two teams playing football, and especially on 9/11 when we need more unity now than ever before. To be putting some stuff on your screen, celebrating. I mean, everybody's got complicated pasts, you know, and to make that an icon was bizarre to me. And so I'm just glad, you know, that this whole right versus wrong bullcrap that was started just got settled on a football field because it's a football game. It's an American football game that people love to come watch and cheer for their teams. It's not even deeper than that, and I get there's a past to it. But why are we stirring that bullcrap up? You know, it's 9/11. This country needs unity now more than ever, and I was embarrassed for them to be honest, and that's why I tried to embarrass them at the end."
#kansas #game #memorial #brown
The clip, ******* led "Heroes and Villains" and narrated by former Kansas nose tackle Gilbert Brown, went up on the Jayhawks' social accounts on Thursday and reached back to the Civil War fighting along the state line, splicing in images of John Brown and William Quantrill under a narration line about right and wrong, Kansas and Missouri.
Kansas ran it again on the videoboard shortly before kickoff. Drinkwitz was asked about it once the Tigers had moved to 2-0, and he did not stop at one sentence.
Oct 11, 2025; Columbia, Missouri, USA; Missouri Tigers head coach Eli Drinkwitz reacts during the second half of the game against the Alabama Crimson Tide at Faurot Field at Memorial Stadium. Mandatory Credit: Jay Biggerstaff-Imagn Images
"Disappointed in the rivalry, the turn that it took today. I thought that was uncalled for, and you know, this is about two teams playing football, and especially on 9/11 when we need more unity now than ever before. To be putting some stuff on your screen, celebrating. I mean, everybody's got complicated pasts, you know, and to make that an icon was bizarre to me. And so I'm just glad, you know, that this whole right versus wrong bullcrap that was started just got settled on a football field because it's a football game. It's an American football game that people love to come watch and cheer for their teams. It's not even deeper than that, and I get there's a past to it. But why are we stirring that bullcrap up? You know, it's 9/11. This country needs unity now more than ever, and I was embarrassed for them to be honest, and that's why I tried to embarrass them at the end."
#kansas #game #memorial #brown
6 days ago
Missouri football news: Eli Drinkwitz scolds players mid-interview for stealing Kansas band's drum appeared first on ClutchPoints. Add ClutchPoints as a Preferred Source by clicking here.
Eli Drinkwitz had just finished the biggest statement win of Missouri's young season, and he could not even get through a postgame interview before something else demanded his attention. The Tigers beat Kansas 38-21 on Friday night at David Booth Kansas Memorial Stadium, their first win in Lawrence since 2001 and their fifth straight in the renewed Border War, but the scene immediately after the final whistle turned chaotic.
Speaking with Fox's Josh Sims on the field, Drinkwitz was mid-answer praising his team's resilience when he spotted trouble behind him. "Our guys didn't flinch. It's a big time win and really proud of my…" he began, before cutting himself off entirely. "I got to go make sure we don't have anything stupid happen here," Drinkwitz said, abandoning the interview and heading toward the commotion.
College Football Rivalries. So Back.
Watch sports LIVE with fuboTV (free trial)
#drinkwitz #interview #Football #missouri
Eli Drinkwitz had just finished the biggest statement win of Missouri's young season, and he could not even get through a postgame interview before something else demanded his attention. The Tigers beat Kansas 38-21 on Friday night at David Booth Kansas Memorial Stadium, their first win in Lawrence since 2001 and their fifth straight in the renewed Border War, but the scene immediately after the final whistle turned chaotic.
Speaking with Fox's Josh Sims on the field, Drinkwitz was mid-answer praising his team's resilience when he spotted trouble behind him. "Our guys didn't flinch. It's a big time win and really proud of my…" he began, before cutting himself off entirely. "I got to go make sure we don't have anything stupid happen here," Drinkwitz said, abandoning the interview and heading toward the commotion.
College Football Rivalries. So Back.
Watch sports LIVE with fuboTV (free trial)
#drinkwitz #interview #Football #missouri