36 mins. ago
The Federal Reserve's two-day policy meeting concludes on Wednesday with an interest rate decision at 2:00 p.m. ET. The Fed's next move — to hold or hike — remains a close call.
Markets expect the central bank to keep interest rates unchanged, but inflationary pressures arising from the war in Iran and AI bottlenecks could prompt officials to opt for a surprise hike. Bond traders placed 64.2% odds that the Fed will hold rates steady and 35.8% odds that it will hike, according to the CME Group's FedWatch on Tuesday morning.
The Fed's decision is opaque not only due to the balance of economic forces; it's also by design. As new Fed Chairman Kevin Warsh reforms the institution, he's looking to bring the Fed back to an era of less communication with markets on the path of policy.
Warsh has repeatedly said he wants a "good family fight" at Federal Open Market Committee (FOMC) meetings. He's likely to get that, as officials remain divided on whether to hike interest rates this year.
If the Fed opts to raise interest rates today, it will likely be for two reasons: energy inflation stemming from the war in Iran coupled with the fact that inflation has remained stubbornly above the Fed's 2% goal for over five years.
#warsh
Markets expect the central bank to keep interest rates unchanged, but inflationary pressures arising from the war in Iran and AI bottlenecks could prompt officials to opt for a surprise hike. Bond traders placed 64.2% odds that the Fed will hold rates steady and 35.8% odds that it will hike, according to the CME Group's FedWatch on Tuesday morning.
The Fed's decision is opaque not only due to the balance of economic forces; it's also by design. As new Fed Chairman Kevin Warsh reforms the institution, he's looking to bring the Fed back to an era of less communication with markets on the path of policy.
Warsh has repeatedly said he wants a "good family fight" at Federal Open Market Committee (FOMC) meetings. He's likely to get that, as officials remain divided on whether to hike interest rates this year.
If the Fed opts to raise interest rates today, it will likely be for two reasons: energy inflation stemming from the war in Iran coupled with the fact that inflation has remained stubbornly above the Fed's 2% goal for over five years.
#warsh
13 hours ago
Cracker Barrel will soon have a new leader.
The company announced on July 27 CEO Julie Masino will step down as CEO and member of the board effective Aug. 10. Masino will be replaced by David Deno, most recently the CEO of Bloomin' Brands, the owner of casual restaurant chains such as Outback Steakhouse, Carrabba's Italian Grill and Bonefish Grill.
Masino will remain with Cracker Barrel as an adviser until Oct. 9, the company said.
"Following a robust and thoughtful search process, we are pleased to welcome David as Cracker Barrel's next CEO," said Carl Berquist, independent chairman of the Cracker Barrel board, in a news release. "He brings decades of experience across the restaurant and retail industries, with a strong track record of leading businesses through growth and a demonstrated commitment to operational excellence, guest experience, and team member engagement."
Deno said in the news release he is "honored to lead the Cracker Barrel team" and looks forward to "unlocking the full potential of this remarkable brand." Deno began his tenure as CEO of Bloomin' Brands in 2019, having previously served as the company's executive vice president and chief financial officer from 2012 to 2019.
#barrel #masino
The company announced on July 27 CEO Julie Masino will step down as CEO and member of the board effective Aug. 10. Masino will be replaced by David Deno, most recently the CEO of Bloomin' Brands, the owner of casual restaurant chains such as Outback Steakhouse, Carrabba's Italian Grill and Bonefish Grill.
Masino will remain with Cracker Barrel as an adviser until Oct. 9, the company said.
"Following a robust and thoughtful search process, we are pleased to welcome David as Cracker Barrel's next CEO," said Carl Berquist, independent chairman of the Cracker Barrel board, in a news release. "He brings decades of experience across the restaurant and retail industries, with a strong track record of leading businesses through growth and a demonstrated commitment to operational excellence, guest experience, and team member engagement."
Deno said in the news release he is "honored to lead the Cracker Barrel team" and looks forward to "unlocking the full potential of this remarkable brand." Deno began his tenure as CEO of Bloomin' Brands in 2019, having previously served as the company's executive vice president and chief financial officer from 2012 to 2019.
#barrel #masino
15 hours ago
Charlie Munger, Berkshire Hathaway's (BRK.A) (BRK.B) longtime vice chairman and Warren Buffett's closest business partner, never had much patience for excuses when it came to building wealth.
His most famous piece of financial advice wasn't polished or inspirational. It was blunt.
Why This **** yst Is Betting AMD Stock Can Hit $1,250 in the Next Year
A $7 Billion Reason to Buy Oracle Stock Now
Dear Bloom Energy Stock Fans, Mark Your Calendars for July 28
#Stock #munger #analyst
His most famous piece of financial advice wasn't polished or inspirational. It was blunt.
Why This **** yst Is Betting AMD Stock Can Hit $1,250 in the Next Year
A $7 Billion Reason to Buy Oracle Stock Now
Dear Bloom Energy Stock Fans, Mark Your Calendars for July 28
#Stock #munger #analyst
23 hours ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
The Federal Open Market Committee (FOMC) is meeting this week. During these meetings, the committee **** ses the health of the economy and potentially adjusts the federal funds rate. Read on to learn more about the timeline for this meeting, what it involves, and expected outcomes.
The latest FOMC meeting takes place on July 28-29, 2026. This is its fifth scheduled meeting of the year.
Once the meeting concludes, the FOMC will release its policy decisions on Wednesday at 2 p.m. Eastern time. Then the Fed chairman will hold a news conference at 2:30 p.m.
The live news conferences, held by the Federal Reserve chairman, are livestreamed and recorded. Additionally, the minutes of regularly scheduled meetings are released three weeks after the date of the policy decision.
#committee #chairman #advertiser
The Federal Open Market Committee (FOMC) is meeting this week. During these meetings, the committee **** ses the health of the economy and potentially adjusts the federal funds rate. Read on to learn more about the timeline for this meeting, what it involves, and expected outcomes.
The latest FOMC meeting takes place on July 28-29, 2026. This is its fifth scheduled meeting of the year.
Once the meeting concludes, the FOMC will release its policy decisions on Wednesday at 2 p.m. Eastern time. Then the Fed chairman will hold a news conference at 2:30 p.m.
The live news conferences, held by the Federal Reserve chairman, are livestreamed and recorded. Additionally, the minutes of regularly scheduled meetings are released three weeks after the date of the policy decision.
#committee #chairman #advertiser
23 hours ago
Eye-popping diary entries written by Dr. Anthony Fauci reveal the former White House COVID advisor was fixated on his newfound celebrity at the height of the global pandemic, but anyone who relies on legacy media outlets for news and information may not be aware.
ABC News, NBC News, CBS News, CNN and MS NOW's on-air broadcasts ignored Fauci's diary entries from the time they were released on Saturday afternoon through Monday at 9 a.m. ET when flagship morning shows had concluded, according to a search of transcripts using Grabien Media.
Released by Senate Homeland Security Committee Chairman Rand Paul, R-Ky., the journals chronicle Fauci's day-to-day role during the COVID-19 crisis through conversations with President Donald Trump, governors and world leaders, media appearances, and his personal observations as the pandemic unfolded in 2020.
Fauci's Newly Released Covid Diaries Reveal Bizarre Fixation On Fame As Pandemic Deaths Mounted
Diary entries written by Dr. Anthony Fauci have been ignored by numerous media outlets on the airwaves.
#pandemic
ABC News, NBC News, CBS News, CNN and MS NOW's on-air broadcasts ignored Fauci's diary entries from the time they were released on Saturday afternoon through Monday at 9 a.m. ET when flagship morning shows had concluded, according to a search of transcripts using Grabien Media.
Released by Senate Homeland Security Committee Chairman Rand Paul, R-Ky., the journals chronicle Fauci's day-to-day role during the COVID-19 crisis through conversations with President Donald Trump, governors and world leaders, media appearances, and his personal observations as the pandemic unfolded in 2020.
Fauci's Newly Released Covid Diaries Reveal Bizarre Fixation On Fame As Pandemic Deaths Mounted
Diary entries written by Dr. Anthony Fauci have been ignored by numerous media outlets on the airwaves.
#pandemic
23 hours ago
President Trump's campaign for lower interest rates in the U.S. faces another setback this week at the meeting of the Federal Open Market Committee (FOMC). Wall Street ***** ysts have generally come to the conclusion that the FOMC will hold rates steady, if not hike them—and Trump's own foreign policy is an underlying factor.
The FOMC, led by central bank chairman Kevin Warsh, will meet Tuesday and Wednesday of this week to discuss progress toward its targets of maximum employment and inflation at 2%.
It is the latter task that has caused the Fed some difficulty over the past few years. At the time of writing, inflation stands at 3.5%—a drop from May to June, but still elevated compared with the start of the year and the Fed's target.
Part of that reading has come from higher fuel prices, up 15.7% from a year ago. While pressure in this category is beginning to fade (down 4.9% May to June), prices remain elevated as a result of conflict in the Middle East, choking global oil supply as a result.
There is little sign of a resolution between Washington and Tehran in sight. While the two sides are not currently engaged in active military conflict, as they have been over the past fortnight, no official ceasefire has been announced. While the fragile pause of fire allows ***** e for diplomacy to proceed, neither side has indicated they will capitulate over control of the Strait of Hormuz—the key shipping lane in the movement of oil around the planet.
Trump's foreign policy is therefore standing in the way of Warsh's path to a cut—Wall Street ***** ysts highlighted at the start of the week.
Bank of America's base case is for a hold this month, wrote chief U.S. economist Aditya Bhave and his team: "With markets now pricing nearly 10 [basis points] of hikes in July, Chair Warsh faces a difficult choice. Not hiking could challenge the Fed's credibility on inflation. But raising rates would go against his framework of looking through supply shocks.
#bank
The FOMC, led by central bank chairman Kevin Warsh, will meet Tuesday and Wednesday of this week to discuss progress toward its targets of maximum employment and inflation at 2%.
It is the latter task that has caused the Fed some difficulty over the past few years. At the time of writing, inflation stands at 3.5%—a drop from May to June, but still elevated compared with the start of the year and the Fed's target.
Part of that reading has come from higher fuel prices, up 15.7% from a year ago. While pressure in this category is beginning to fade (down 4.9% May to June), prices remain elevated as a result of conflict in the Middle East, choking global oil supply as a result.
There is little sign of a resolution between Washington and Tehran in sight. While the two sides are not currently engaged in active military conflict, as they have been over the past fortnight, no official ceasefire has been announced. While the fragile pause of fire allows ***** e for diplomacy to proceed, neither side has indicated they will capitulate over control of the Strait of Hormuz—the key shipping lane in the movement of oil around the planet.
Trump's foreign policy is therefore standing in the way of Warsh's path to a cut—Wall Street ***** ysts highlighted at the start of the week.
Bank of America's base case is for a hold this month, wrote chief U.S. economist Aditya Bhave and his team: "With markets now pricing nearly 10 [basis points] of hikes in July, Chair Warsh faces a difficult choice. Not hiking could challenge the Fed's credibility on inflation. But raising rates would go against his framework of looking through supply shocks.
#bank
1 day ago
CMA CGM posted impressive Q2 earnings as it navigated volatile supply chain conditions to substantial increases in container volumes and profit.
The closely-held provider of diversified logistics services based in Marseille today said maritime volumes rose 6% to 6.3 million container units from 5.97 million in 2025. Revenue spiked 22% to $9.96 billion from $8.17 billion, while earnings before interest, taxes, depreciation and amortization (EBITDA) were up 42.4%, to $2.26 billion from $1.59 billion. EBITDA margin improved from 19.4% to 22.7%
"Against a backdrop of continued geopolitical instability, the Group delivered solid results in the second quarter of 2026, driven by the performance of our shipping activities, the growth of our terminals and air cargo businesses, and the complementary strengths of our logistics operations," said Rodolphe Saade, chairman and chief executive, whose family controls CMA CGM. "This performance reflects our strategy of expanding in key markets and investing in strategic **** ets. They once again demonstrate the strength of our model, our agility and our resilience, all in support of delivering reliable, high-quality service to our customers."
The company said that the second quarter of 2026 was "a particularly volatile market environment for the shipping and logistics industry, marked by the multiplication of geopolitical conflicts, particularly in the Middle East, and a high level of macroeconomic uncertainty."
Overall revenue grew 19.2% to $15.69 billion from $13.17 billion as EBITDA improved 31% to $2.99 billion from $2.28 billion and EBITDA margin was up 1.7 points to 19% from 17.3%. Net income was better at $770 million from $520 million.
#ebitda #volumes #Margin
The closely-held provider of diversified logistics services based in Marseille today said maritime volumes rose 6% to 6.3 million container units from 5.97 million in 2025. Revenue spiked 22% to $9.96 billion from $8.17 billion, while earnings before interest, taxes, depreciation and amortization (EBITDA) were up 42.4%, to $2.26 billion from $1.59 billion. EBITDA margin improved from 19.4% to 22.7%
"Against a backdrop of continued geopolitical instability, the Group delivered solid results in the second quarter of 2026, driven by the performance of our shipping activities, the growth of our terminals and air cargo businesses, and the complementary strengths of our logistics operations," said Rodolphe Saade, chairman and chief executive, whose family controls CMA CGM. "This performance reflects our strategy of expanding in key markets and investing in strategic **** ets. They once again demonstrate the strength of our model, our agility and our resilience, all in support of delivering reliable, high-quality service to our customers."
The company said that the second quarter of 2026 was "a particularly volatile market environment for the shipping and logistics industry, marked by the multiplication of geopolitical conflicts, particularly in the Middle East, and a high level of macroeconomic uncertainty."
Overall revenue grew 19.2% to $15.69 billion from $13.17 billion as EBITDA improved 31% to $2.99 billion from $2.28 billion and EBITDA margin was up 1.7 points to 19% from 17.3%. Net income was better at $770 million from $520 million.
#ebitda #volumes #Margin
1 day ago
The Federal Reserve kicks off its two-day policy meeting on Tuesday, culminating with an interest rate decision at 2:00 p.m. ET on Wednesday. The Fed's next move — to hold or hike — remains a close call.
Markets expect the central bank to keep interest rates unchanged, but inflationary pressures arising from the war in Iran and AI bottlenecks could prompt officials to opt for a surprise hike. Bond traders placed 68.5% odds that the Fed will hold rates steady and 31.5% odds that it will hike, according to the CME Group's FedWatch on Tuesday morning.
The Fed's decision is opaque not only due to the balance of economic forces; it's also by design. As new Fed Chairman Kevin Warsh reforms the institution, he's looking to bring the Fed back to an era of less communication with markets on the path of policy.
Warsh has repeatedly said he wants a "good family fight" at Federal Open Market Committee (FOMC) meetings. He's likely to get that, as officials remain divided on whether to hike interest rates this year.
Bloomberg report:
#interest #federal #markets #hold
Markets expect the central bank to keep interest rates unchanged, but inflationary pressures arising from the war in Iran and AI bottlenecks could prompt officials to opt for a surprise hike. Bond traders placed 68.5% odds that the Fed will hold rates steady and 31.5% odds that it will hike, according to the CME Group's FedWatch on Tuesday morning.
The Fed's decision is opaque not only due to the balance of economic forces; it's also by design. As new Fed Chairman Kevin Warsh reforms the institution, he's looking to bring the Fed back to an era of less communication with markets on the path of policy.
Warsh has repeatedly said he wants a "good family fight" at Federal Open Market Committee (FOMC) meetings. He's likely to get that, as officials remain divided on whether to hike interest rates this year.
Bloomberg report:
#interest #federal #markets #hold
1 day ago
Speaking at a Presse Club München event, Jan-Christian Dreesen made it crystal clear that Michael Olise will be staying at Bayern Munich.
"Yes, of course [he will stay]. (…) [There was] no call, no letter and no fax from Real Madrid," the Bavarian club's chairman explained.
Furthering his stance on the issue, Dreesen said he was bowled over by the amount of fake news linking Olise to the Galacticos.
"It's astonishing what [rumours] can end up being spread when you know yourself what the truth actually is.
"It's really quite interesting. I've honestly lost count of how many times I've been asked by friends [regarding Olise's future].
#i 've #michael
"Yes, of course [he will stay]. (…) [There was] no call, no letter and no fax from Real Madrid," the Bavarian club's chairman explained.
Furthering his stance on the issue, Dreesen said he was bowled over by the amount of fake news linking Olise to the Galacticos.
"It's astonishing what [rumours] can end up being spread when you know yourself what the truth actually is.
"It's really quite interesting. I've honestly lost count of how many times I've been asked by friends [regarding Olise's future].
#i 've #michael
1 day ago
The debate surrounding Virat Kohli and Rohit Sharma's ODI future refuses to die down despite both continuing to deliver for India. While neither head coach Gautam Gambhir nor chairman of selectors Ajit Agarkar has publicly committed to their participation in the 2027 World Cup, keeping the speculation around their future alive.
India's recent 1-2 ODI series defeat against England only added fuel to the conversation. Rohit silenced critics with a match-winning century in the series finale, registering his 34th ODI hundred amid speculation that the Lord's fixture could be his final international appearance. Kohli, meanwhile, chipped in with two half-centuries during the series after both senior batters struggled in the opening match.
Former India wicketkeeper-batter Deep Dasgupta believes there is no need to question Rohit and Kohli's places in the side, but stressed that both must make an immediate impact whenever a series begins instead of taking time to settle.
"That has to be a conversation with everyone, not just them (Kohli and Rohit), that they have to start the series well and hit the ground running. That is a challenge. You can't take one or two games to get into the groove. But that's where the support staff comes in and has conversations with the players by creating an environment to get the best out of everyone," Deep Dasgupta said on his YouTube channel.
Dasgupta insisted that the standards applied to the two stalwarts should remain unchanged despite the increasing scrutiny around their careers.
"There is no conversation needed with them about their places in the team. Four years back, it wasn't like they had to be reminded before every series that they would be in the team. They knew they would be in the team based on their performances. So how does that change now? It does not and should not change," he added.
Questions over the future of Rohit and Kohli have surfaced repeatedly since both retired from Test cricket last year, leaving ODIs as their only international format. Before the Lord's ODI against England, reports suggested that the selection committee was considering moving on from Rohit ahead of the 2027 World Cup to create an opening for Yashasvi Jaiswal.
However, the BCCI leadership dismissed reports that the Lord's encounter would be Rohit's final international appearance.
Dasgupta believes the constant speculation is largely because the pair now feature in only one international format, making every ODI performance subject to greater scrutiny.
132677492
"This discussion about their future is getting exaggerated because they play only one format. When you play multiple formats, if you fail in one but score in the other, the failure is forgotten. So that's a challenge for these two that can't be denied. People will remember what they last did in this format because they play only one format. But the conversation with them should be the same as it was three years ago," he added.
#dasgupta #intern
India's recent 1-2 ODI series defeat against England only added fuel to the conversation. Rohit silenced critics with a match-winning century in the series finale, registering his 34th ODI hundred amid speculation that the Lord's fixture could be his final international appearance. Kohli, meanwhile, chipped in with two half-centuries during the series after both senior batters struggled in the opening match.
Former India wicketkeeper-batter Deep Dasgupta believes there is no need to question Rohit and Kohli's places in the side, but stressed that both must make an immediate impact whenever a series begins instead of taking time to settle.
"That has to be a conversation with everyone, not just them (Kohli and Rohit), that they have to start the series well and hit the ground running. That is a challenge. You can't take one or two games to get into the groove. But that's where the support staff comes in and has conversations with the players by creating an environment to get the best out of everyone," Deep Dasgupta said on his YouTube channel.
Dasgupta insisted that the standards applied to the two stalwarts should remain unchanged despite the increasing scrutiny around their careers.
"There is no conversation needed with them about their places in the team. Four years back, it wasn't like they had to be reminded before every series that they would be in the team. They knew they would be in the team based on their performances. So how does that change now? It does not and should not change," he added.
Questions over the future of Rohit and Kohli have surfaced repeatedly since both retired from Test cricket last year, leaving ODIs as their only international format. Before the Lord's ODI against England, reports suggested that the selection committee was considering moving on from Rohit ahead of the 2027 World Cup to create an opening for Yashasvi Jaiswal.
However, the BCCI leadership dismissed reports that the Lord's encounter would be Rohit's final international appearance.
Dasgupta believes the constant speculation is largely because the pair now feature in only one international format, making every ODI performance subject to greater scrutiny.
132677492
"This discussion about their future is getting exaggerated because they play only one format. When you play multiple formats, if you fail in one but score in the other, the failure is forgotten. So that's a challenge for these two that can't be denied. People will remember what they last did in this format because they play only one format. But the conversation with them should be the same as it was three years ago," he added.
#dasgupta #intern
1 day ago
Baker Hughes raised its 2026 Industrial & Energy Technology (IET) order outlook after posting record second-quarter bookings, as surging investment in LNG export facilities, gas-fired power generation and data center infrastructure continued to fuel demand for its equipment and services.
The company reported second-quarter orders of $10.5 billion, up 49% from a year earlier, while IET orders more than doubled to a record $7.1 billion. Remaining performance obligations reached a record $40.1 billion, including $37.1 billion for the IET segment, providing increased visibility into future revenue. Revenue totaled $6.74 billion, while adjusted EBITDA rose to $1.23 billion, exceeding the high end of the company's guidance range.
Chairman and CEO Lorenzo Simonelli said Baker Hughes benefited from continued strength in data centers, gas infrastructure and upstream markets despite operational challenges in the Middle East. He said the company now expects to reach the midpoint of its full-year guidance while increasing its Horizon 2 (2026-2028) IET orders target to more than $45 billion.
The record order intake was supported by a series of major LNG and power generation contracts. During the quarter, Baker Hughes secured equipment awards from Venture Global, Cheniere Energy, Golar LNG and Nigeria LNG, alongside large power generation orders from Dynamis Power Solutions and Kodiak Gas Services to support growing electricity demand from data centers and energy infrastructure across North America.
Oilfield Services & Equipment also outperformed expectations despite geopolitical disruptions. Segment EBITDA exceeded guidance as activity improved in the Middle East late in the quarter, while North America land operations and Latin America delivered solid results. However, segment revenue remained 5% below the prior year, reflecting ****** et divestitures and regional disruptions.
#record
The company reported second-quarter orders of $10.5 billion, up 49% from a year earlier, while IET orders more than doubled to a record $7.1 billion. Remaining performance obligations reached a record $40.1 billion, including $37.1 billion for the IET segment, providing increased visibility into future revenue. Revenue totaled $6.74 billion, while adjusted EBITDA rose to $1.23 billion, exceeding the high end of the company's guidance range.
Chairman and CEO Lorenzo Simonelli said Baker Hughes benefited from continued strength in data centers, gas infrastructure and upstream markets despite operational challenges in the Middle East. He said the company now expects to reach the midpoint of its full-year guidance while increasing its Horizon 2 (2026-2028) IET orders target to more than $45 billion.
The record order intake was supported by a series of major LNG and power generation contracts. During the quarter, Baker Hughes secured equipment awards from Venture Global, Cheniere Energy, Golar LNG and Nigeria LNG, alongside large power generation orders from Dynamis Power Solutions and Kodiak Gas Services to support growing electricity demand from data centers and energy infrastructure across North America.
Oilfield Services & Equipment also outperformed expectations despite geopolitical disruptions. Segment EBITDA exceeded guidance as activity improved in the Middle East late in the quarter, while North America land operations and Latin America delivered solid results. However, segment revenue remained 5% below the prior year, reflecting ****** et divestitures and regional disruptions.
#record
2 days ago
It's no secret how badly Bayern Munich wanted to sign Nick Woltemade, but there was a ceiling to what they were willing to pay in order to get him. Apparently, that ceiling was offensive to VfB Stuttgart chairman Alexander Wehrle.
According to a report from Goal, Wehrle took a "swipe" at Bayern Munich during the club's annual general meeting, addressing both transfer negotiations and fan support.
Speaking to club members, Wehrle revisited the high-profile transfer saga involving the striker. Despite rumors that Woltemade had previously settled on personal terms with the Bavarian giants, Bayern's valuation peaked at €60 million, considerably less than the selling price. Stuttgart held firm on their evaluation of at least €75 million for the attacker before eventually reaching an agreement with Newcastle United, who met, and exceeded, their asking price. Wehrle dismissed any notion that Stuttgart was acting out of spite towards Bayern, explaining that the financial proposal from Munich amounted to little more than "a ****** er pretzel."
The Stuttgart executive also took a direct jab at the atmosphere created by the traveling support from Munich. Reflecting on their DFB-Pokal final clash in May, Wehrle claimed that their supporters completely dominated the stadium, and that he couldn't hear any Bayern fans in attendance.
Stuttgart's firm negotiating stance ultimately secured a record fee from the Magpies. But on the other hand, Wehrle's cheeky comments regarding fan noise were clearly designed to rally the local faithful, after his statements were met with "thunderous applause."
#wehrle #stuttgart #took #million
According to a report from Goal, Wehrle took a "swipe" at Bayern Munich during the club's annual general meeting, addressing both transfer negotiations and fan support.
Speaking to club members, Wehrle revisited the high-profile transfer saga involving the striker. Despite rumors that Woltemade had previously settled on personal terms with the Bavarian giants, Bayern's valuation peaked at €60 million, considerably less than the selling price. Stuttgart held firm on their evaluation of at least €75 million for the attacker before eventually reaching an agreement with Newcastle United, who met, and exceeded, their asking price. Wehrle dismissed any notion that Stuttgart was acting out of spite towards Bayern, explaining that the financial proposal from Munich amounted to little more than "a ****** er pretzel."
The Stuttgart executive also took a direct jab at the atmosphere created by the traveling support from Munich. Reflecting on their DFB-Pokal final clash in May, Wehrle claimed that their supporters completely dominated the stadium, and that he couldn't hear any Bayern fans in attendance.
Stuttgart's firm negotiating stance ultimately secured a record fee from the Magpies. But on the other hand, Wehrle's cheeky comments regarding fan noise were clearly designed to rally the local faithful, after his statements were met with "thunderous applause."
#wehrle #stuttgart #took #million
2 days ago
A post asking whether 20,000 XRP is enough for retirement savings drew heavy criticism on X, exposing how far optimistic price targets sit from current reality.
The debate cuts to a question every crypto holder eventually faces: how much is actually enough?
A savings threshold is the portfolio size needed to generate a reliable income without depleting the principal. Jake Claver, chairman of DAG Family Office, applied that idea to XRP holdings this week.
His scenario rested on a single ***** umption. If XRP reached $100 per token, a 20,000 XRP position would be worth $2 million. From there, the math looked simple enough.
A conservative 5% annual return on that sum would produce roughly $100,000 in pre-tax income each year.
#enough #office
The debate cuts to a question every crypto holder eventually faces: how much is actually enough?
A savings threshold is the portfolio size needed to generate a reliable income without depleting the principal. Jake Claver, chairman of DAG Family Office, applied that idea to XRP holdings this week.
His scenario rested on a single ***** umption. If XRP reached $100 per token, a 20,000 XRP position would be worth $2 million. From there, the math looked simple enough.
A conservative 5% annual return on that sum would produce roughly $100,000 in pre-tax income each year.
#enough #office
4 days ago
Suzlon Group has been awarded a 201.6MW wind power project in the Indian state of Andhra Pradesh by Waaree Forever Energies Private (WFEPL), the independent power producer arm of the Waaree Group.
This marks the Waaree Group's first wind project in the state and is the second consecutive engineering, procurement and construction (EPC) order Suzlon has received in a week under the company's DevCo model.
The project will see Suzlon supply 64 of its S144 wind turbine generators (WTGs), each with a capacity of 3.15MW.
Suzlon Group vice-chairman Girish Tanti said: "This partnership is strategically important as it unites two companies whose growth has mirrored the evolution of India's renewable energy sector.
"Waaree and Suzlon have been trailblazers in solar and wind, respectively, each building world-class manufacturing ecosystems and establishing a strong global presence.
#wind #project #power #andhra
This marks the Waaree Group's first wind project in the state and is the second consecutive engineering, procurement and construction (EPC) order Suzlon has received in a week under the company's DevCo model.
The project will see Suzlon supply 64 of its S144 wind turbine generators (WTGs), each with a capacity of 3.15MW.
Suzlon Group vice-chairman Girish Tanti said: "This partnership is strategically important as it unites two companies whose growth has mirrored the evolution of India's renewable energy sector.
"Waaree and Suzlon have been trailblazers in solar and wind, respectively, each building world-class manufacturing ecosystems and establishing a strong global presence.
#wind #project #power #andhra
5 days ago
Key takeaway: The Columbus, Ohio, company completed the Cadence system conversion in late June, which should serve as a springboard to higher growth in the third and fourth quarters, executives said.
Supporting data: The conversion gives Huntington much more control over and insight into more than 1.4 million deposit accounts acquired from Cadence.
Expert quote: "This was the largest conversion we've ever done. It was the fastest we've ever done, and it was the best we've done, at least in my tenure." — Huntington Chairman and CEO Steve Steinour
While higher funding costs left their mark on Huntington Bancshares' second-quarter results, the Columbus, Ohio-based company is forecasting a strong finish to 2026 now that its most recent merger-related conversion is complete.
Business should pick up in the third quarter before peaking during the final three months of 2026, Chief Financial Officer Zach Wasserman said Thursday on a conference call with **** ysts.
#conversion #huntington #we 've
Supporting data: The conversion gives Huntington much more control over and insight into more than 1.4 million deposit accounts acquired from Cadence.
Expert quote: "This was the largest conversion we've ever done. It was the fastest we've ever done, and it was the best we've done, at least in my tenure." — Huntington Chairman and CEO Steve Steinour
While higher funding costs left their mark on Huntington Bancshares' second-quarter results, the Columbus, Ohio-based company is forecasting a strong finish to 2026 now that its most recent merger-related conversion is complete.
Business should pick up in the third quarter before peaking during the final three months of 2026, Chief Financial Officer Zach Wasserman said Thursday on a conference call with **** ysts.
#conversion #huntington #we 've
5 days ago
This article was originally published on ETFTrends.com.
To the dismay of advisors and fixed income investors, the words "clear" and "overt" seem to have left the Federal Reserve's lexicon. However, there are avenues for investors looking for the combination of elevated income and reduced rate risk.
The WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) is one of the ETF's that accomplishes those objectives. The $260.2 million HYZD, tracks the WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index. It could be a valuable tool as new Fed Chairman Kevin Warsh scrutinizes the central bank's data inputs, balance sheet, and commentary on rates.
"In terms of forward guidance, investors have already witnessed the Chairman's plans where the goal is to essentially remove this form of communication to the markets," observed WisdomTree. "Some clear-cut examples were the scaled back, just the facts, Greenspan-esque, June FOMC policy statement as well as Warsh's non-participation in the dot plot. The balance sheet question will take longer to resolve, but the examination of the data the Fed uses to set policy deserves some attention."
HYZD turns 13 years old in December. It carries a 30-day SEC yield of 6% and an effective duration of 0.30 years. For many investors, that high yield and low duration would be enough. No further examination required. However, it is worth digging deeper into HYZD.
#duration #income
To the dismay of advisors and fixed income investors, the words "clear" and "overt" seem to have left the Federal Reserve's lexicon. However, there are avenues for investors looking for the combination of elevated income and reduced rate risk.
The WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) is one of the ETF's that accomplishes those objectives. The $260.2 million HYZD, tracks the WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index. It could be a valuable tool as new Fed Chairman Kevin Warsh scrutinizes the central bank's data inputs, balance sheet, and commentary on rates.
"In terms of forward guidance, investors have already witnessed the Chairman's plans where the goal is to essentially remove this form of communication to the markets," observed WisdomTree. "Some clear-cut examples were the scaled back, just the facts, Greenspan-esque, June FOMC policy statement as well as Warsh's non-participation in the dot plot. The balance sheet question will take longer to resolve, but the examination of the data the Fed uses to set policy deserves some attention."
HYZD turns 13 years old in December. It carries a 30-day SEC yield of 6% and an effective duration of 0.30 years. For many investors, that high yield and low duration would be enough. No further examination required. However, it is worth digging deeper into HYZD.
#duration #income
5 days ago
July 23 (Reuters) - Amnon Shashua, CEO of Mobileye since founding it in 1999, will step down, just as the autonomous-driving technology firm makes a big push into a robotaxi service and robotics.
The company also forecast a 5% to 6% revenue drop for the third quarter, overshadowing its strong April-June showing and sending shares down about 15% in their steepest single-day drop since August 2024.
Shashua's resignation marks Mobileye's biggest leadership change, coming after he steered the firm through a $15.3 billion buyout by Intel in 2017 and a 2022 return to public markets, though the stock has fallen 60% since the debut on uneven demand.
Shashua did not give a reason for his resignation, but said that it was the "right moment to establish the leadership structure that will be best suited for Mobileye's next chapter."
He will step down once Mobileye appoints a successor and has been offered the role of chairman and will stay on as a director.
#drop #resignation
The company also forecast a 5% to 6% revenue drop for the third quarter, overshadowing its strong April-June showing and sending shares down about 15% in their steepest single-day drop since August 2024.
Shashua's resignation marks Mobileye's biggest leadership change, coming after he steered the firm through a $15.3 billion buyout by Intel in 2017 and a 2022 return to public markets, though the stock has fallen 60% since the debut on uneven demand.
Shashua did not give a reason for his resignation, but said that it was the "right moment to establish the leadership structure that will be best suited for Mobileye's next chapter."
He will step down once Mobileye appoints a successor and has been offered the role of chairman and will stay on as a director.
#drop #resignation
5 days ago
House Judiciary Committee Chairman Jim Jordan, R-Ohio,sent a letter to the Justice Department requesting a criminal investigation of former special counsel Jack Smith, alleging he made false statements during a congressional deposition last year. NBC News' Gary Grumbach reports on Jordan's referral.
#House #judiciary #committee
#House #judiciary #committee
6 days ago
Grassroots sports clubs across Shropshire say they are struggling to keep their pitches alive because of the hot, dry weather.
Telford Hornets Rugby Club are one of many who said the pitches they play on are dying because spending to irrigate would cost them thousands of pounds, money which they do not have.
Since 15 June, most of England has recorded less than 10mm of rain, which has meant many clubs are praying for a sustained downpour.
The club's chairman, Neil Thomas, said they have had to learn strategies to keep their pitches in as good condition as possible, so they can continue playing on them.
As many sport teams return from their off-season, players are faced with the prospect of playing on hardened pitches, which physiotherapists say increase the chances of soft tissue injuries.
#many #keep #telford #Rugby
Telford Hornets Rugby Club are one of many who said the pitches they play on are dying because spending to irrigate would cost them thousands of pounds, money which they do not have.
Since 15 June, most of England has recorded less than 10mm of rain, which has meant many clubs are praying for a sustained downpour.
The club's chairman, Neil Thomas, said they have had to learn strategies to keep their pitches in as good condition as possible, so they can continue playing on them.
As many sport teams return from their off-season, players are faced with the prospect of playing on hardened pitches, which physiotherapists say increase the chances of soft tissue injuries.
#many #keep #telford #Rugby
6 days ago
NFL Commissioner Roger Goodell spent Thursday evening in the Queen City as he joined Tepper Sports & Entertainment Owner and Chairman David Tepper for a fireside chat.
ALSO READ: Panthers GM Dan Morgan talks draft strategy, encouraging competition
They talked about the newly announced stadium renovations and what the future holds in Charlotte, including the possibility of the NFL Draft and Super Bowl coming to town.
"Happy to be here in Carolina. Home of the defending NFC South—Carolina Panthers," Goodell said.
The chat capped off a huge day for Tepper Sports and Entertainment. It included announcing the long-term extension of naming rights to Bank of America Stadium. Guests ranged from Panthers quarterback Bryce Young to future hall-of-famer Luke Kuechly and more.
#sports #entertainment #stadium
ALSO READ: Panthers GM Dan Morgan talks draft strategy, encouraging competition
They talked about the newly announced stadium renovations and what the future holds in Charlotte, including the possibility of the NFL Draft and Super Bowl coming to town.
"Happy to be here in Carolina. Home of the defending NFC South—Carolina Panthers," Goodell said.
The chat capped off a huge day for Tepper Sports and Entertainment. It included announcing the long-term extension of naming rights to Bank of America Stadium. Guests ranged from Panthers quarterback Bryce Young to future hall-of-famer Luke Kuechly and more.
#sports #entertainment #stadium
6 days ago
Bank of America and the Carolina Panthers have extended their naming rights partnership for Bank of America Stadium. This continues one of the NFL's longest-standing agreements.
Tepper Sports & Entertainment announced on Thursday that it will increase private investment to more than $1.3 billion through 2045. The project aims to create a year-round destination, with construction phased to allow continued hosting of Panthers and Charlotte FC matches.
The financial commitment includes $650 million from Tepper Sports & Entertainment, an increase from its original $150 million pledge. The City of Charlotte is also contributing $650 million toward the overall project, which the Charlotte City Council approved in June 2024.
David Tepper, owner and chairman of Tepper Sports & Entertainment, emphasized the strength of the partnership with the long-term extension with Bank of America.
"The long-term extension with Bank of America reflects the strength of our partnership and our shared commitment to the Carolinas," Tepper said in a news release. "For over three decades, Bank of America Stadium has helped create lasting memories for our fans and we're excited for them to see what's ahead. Our goal is to create experiences that enhance the passion and energy of the region while transforming this corridor into a weekend destination for world-class sports, entertainment and community events."
#America
Tepper Sports & Entertainment announced on Thursday that it will increase private investment to more than $1.3 billion through 2045. The project aims to create a year-round destination, with construction phased to allow continued hosting of Panthers and Charlotte FC matches.
The financial commitment includes $650 million from Tepper Sports & Entertainment, an increase from its original $150 million pledge. The City of Charlotte is also contributing $650 million toward the overall project, which the Charlotte City Council approved in June 2024.
David Tepper, owner and chairman of Tepper Sports & Entertainment, emphasized the strength of the partnership with the long-term extension with Bank of America.
"The long-term extension with Bank of America reflects the strength of our partnership and our shared commitment to the Carolinas," Tepper said in a news release. "For over three decades, Bank of America Stadium has helped create lasting memories for our fans and we're excited for them to see what's ahead. Our goal is to create experiences that enhance the passion and energy of the region while transforming this corridor into a weekend destination for world-class sports, entertainment and community events."
#America
6 days ago
LAS VEGAS (AP) — An investment group that includes ex-Dallas Mavericks owner Mark Cuban has bought a minority stake in the Athletics in anticipation of their move to Las Vegas in 2028.
Thursday's announcement by Harbinger Sports Group did not say what percentage of the Athletics it had acquired. Cuban, who maintains a minority stake in the Mavericks, is the general partner and president of the Atlanta-based group. Atlanta Falcons minority owner Rashaun Williams is the founder and chief investment officer.
Co-founder and CEO Steve Cannon is vice chairman of AMB Sports and Entertainment that oversees Mercedes-Benz Stadium and the Atlanta Falcons. Managing partner Jonathan Mariner is the former chief financial officer for Major League Baseball.
"We are minority investors looking to make our investors a lot of money," Cuban said.
John Fisher is the majority owner of the A's and is overseeing construction of a $2 billion, 33,000-capacity domed stadium on the Las Vegas Strip.
#falcons
Thursday's announcement by Harbinger Sports Group did not say what percentage of the Athletics it had acquired. Cuban, who maintains a minority stake in the Mavericks, is the general partner and president of the Atlanta-based group. Atlanta Falcons minority owner Rashaun Williams is the founder and chief investment officer.
Co-founder and CEO Steve Cannon is vice chairman of AMB Sports and Entertainment that oversees Mercedes-Benz Stadium and the Atlanta Falcons. Managing partner Jonathan Mariner is the former chief financial officer for Major League Baseball.
"We are minority investors looking to make our investors a lot of money," Cuban said.
John Fisher is the majority owner of the A's and is overseeing construction of a $2 billion, 33,000-capacity domed stadium on the Las Vegas Strip.
#falcons
6 days ago
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Despite — or maybe because of — volatile markets and increasing consumer costs, the nation's largest banks continued to post strong profits in their second-quarter earnings, showing that the banking sector remains resilient even as concerns about the economy persist (1). But JPMorgan Chase, at least, is still preparing for a possible recession.
During JPMorgan's earnings call earlier this year, Chairman and CEO Jamie Dimon declined to predict whether the U.S. was heading for a recession (2); however, he has repeatedly warned that whenever the next credit cycle arrives, losses on leveraged lending are likely to be "worse than people expect relative to the scenario."
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan still sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold
#jpmorgan #recession #wealth
Despite — or maybe because of — volatile markets and increasing consumer costs, the nation's largest banks continued to post strong profits in their second-quarter earnings, showing that the banking sector remains resilient even as concerns about the economy persist (1). But JPMorgan Chase, at least, is still preparing for a possible recession.
During JPMorgan's earnings call earlier this year, Chairman and CEO Jamie Dimon declined to predict whether the U.S. was heading for a recession (2); however, he has repeatedly warned that whenever the next credit cycle arrives, losses on leveraged lending are likely to be "worse than people expect relative to the scenario."
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan still sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold
#jpmorgan #recession #wealth
6 days ago
The NASCAR Craftsman Truck Series will return to St. Petersburg, Florida, in 2027 and share the billing with the NTT IndyCar Series' Firestone Grand Prix of St. Petersburg, Green Savoree Racing Promotions announced on July 23.
The Trucks Series race will be run again on the temporary street circuit where it debuted on Feb. 28, 2026. It is a 1.8-mile, 14-turn street circuit that winds around Pioneer Park.
The 2027 Trucks Series race will be on March 6, one day before the IndyCar Grand Prix of St. Petersburg.
CHANDLER SMITH WINS TRUCKS RACE: Who won NASCAR Truck Series North Wilkesboro race? Winner is Chandler Smith, plus full results
"The 2026 event was our best yet," Green Savoree co-owner and chairman/CEO Kim Green said in a release. "Spectator attendance was tremendous on all three days to witness history made with the NASCAR Trucks racing for the first time on a street circuit and IndyCar kicking off its season once again. We look forward to having both of these series back together on track for our fans to enjoy at the 23rd annual Firestone Grand Prix of St. Petersburg weekend."
#nascar #grand
The Trucks Series race will be run again on the temporary street circuit where it debuted on Feb. 28, 2026. It is a 1.8-mile, 14-turn street circuit that winds around Pioneer Park.
The 2027 Trucks Series race will be on March 6, one day before the IndyCar Grand Prix of St. Petersburg.
CHANDLER SMITH WINS TRUCKS RACE: Who won NASCAR Truck Series North Wilkesboro race? Winner is Chandler Smith, plus full results
"The 2026 event was our best yet," Green Savoree co-owner and chairman/CEO Kim Green said in a release. "Spectator attendance was tremendous on all three days to witness history made with the NASCAR Trucks racing for the first time on a street circuit and IndyCar kicking off its season once again. We look forward to having both of these series back together on track for our fans to enjoy at the 23rd annual Firestone Grand Prix of St. Petersburg weekend."
#nascar #grand
6 days ago
A "well-funded" group's proposed investment into Northampton Town is "pretty much agreed", the League Two club's chairman has said.
The scale of the investment - first announced in April - is not yet known and the identities of those involved have not been disclosed.
"We are in decent shape with the investment," said Cobblers chairman Kelvin Thomas. "My last update said things would be sorted hopefully by the start of the season, and that's still the aim as far as we are concerned."
Thomas said the deal was awaiting approval from the EFL and the newly-established Independent Football Regulator.
"We are one of the first clubs to go through both processes," said Thomas.
#chairman #first #cobblers #kelvin
The scale of the investment - first announced in April - is not yet known and the identities of those involved have not been disclosed.
"We are in decent shape with the investment," said Cobblers chairman Kelvin Thomas. "My last update said things would be sorted hopefully by the start of the season, and that's still the aim as far as we are concerned."
Thomas said the deal was awaiting approval from the EFL and the newly-established Independent Football Regulator.
"We are one of the first clubs to go through both processes," said Thomas.
#chairman #first #cobblers #kelvin
6 days ago
Former IPL chairman Lalit Modi, the BCCI and some of its office-bearers received major relief after the Appellate Tribunal under SAFEMA set aside a key Enforcement Directorate (ED) penalty in a Foreign Exchange Management Act (FEMA) case linked to the 2009 Indian Premier League in South Africa.
The case stemmed from the IPL’s relocation to South Africa due to India’s general elections in 2009. The ED had alleged that overseas remittances of around 243 crore ($49.86 million) made to Cricket South Africa for hosting the tournament violated FEMA provisions.
However, a division bench comprising chairman Justice Munishwar Nath Bhandari and member Rajesh Malhotra ruled that the payments were legitimate operational expenses and qualified as current account transactions, which did not require prior approval from the Reserve Bank of India. The judgment was delivered on July 16.
In its order, the tribunal described Modi as the “chief architect” behind the organisation of IPL-2 in South Africa and held that there was no material to show he was responsible for BCCI’s statutory FEMA compliance. It termed the penalty imposed on him “wholly erroneous” and set it aside.
Welcoming the verdict, Modi said: “The Tribunal has rejected the central premise on which the Enforcement Directorate’s case against me had been built. It held that the principal foreign remittances relating to IPL 2009 in South Africa were current account transactions, not capital account transactions.”
Calling the ruling a vindication after a prolonged legal battle, Modi added: “For over 16 years I have consistently maintained that I acted in good faith, in the best interests of Indian cricket and the IPL, and committed no personal wrongdoing.”
The tribunal also granted relief to the BCCI and State Bank of India, overturning most of the ED’s 2018 penalty order while retaining only minor fines on the BCCI for administrative delays.
#tribunal #penalty #account
The case stemmed from the IPL’s relocation to South Africa due to India’s general elections in 2009. The ED had alleged that overseas remittances of around 243 crore ($49.86 million) made to Cricket South Africa for hosting the tournament violated FEMA provisions.
However, a division bench comprising chairman Justice Munishwar Nath Bhandari and member Rajesh Malhotra ruled that the payments were legitimate operational expenses and qualified as current account transactions, which did not require prior approval from the Reserve Bank of India. The judgment was delivered on July 16.
In its order, the tribunal described Modi as the “chief architect” behind the organisation of IPL-2 in South Africa and held that there was no material to show he was responsible for BCCI’s statutory FEMA compliance. It termed the penalty imposed on him “wholly erroneous” and set it aside.
Welcoming the verdict, Modi said: “The Tribunal has rejected the central premise on which the Enforcement Directorate’s case against me had been built. It held that the principal foreign remittances relating to IPL 2009 in South Africa were current account transactions, not capital account transactions.”
Calling the ruling a vindication after a prolonged legal battle, Modi added: “For over 16 years I have consistently maintained that I acted in good faith, in the best interests of Indian cricket and the IPL, and committed no personal wrongdoing.”
The tribunal also granted relief to the BCCI and State Bank of India, overturning most of the ED’s 2018 penalty order while retaining only minor fines on the BCCI for administrative delays.
#tribunal #penalty #account
6 days ago
At the end of last year, Warren Buffett retired as chairman and CEO of Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) and passed the reins to Greg Abel. Although Buffett still has some influence on the company, it's clear that Abel and Berkshire Hathaway are embracing new strategies.
Since Abel took over, Berkshire Hathaway's stock portfolio has changed a bit, and one of the biggest shifts is that it has loaded up on Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL). Berkshire Hathaway purchased its first Alphabet shares in late 2025, but Abel has taken it up a notch. It's now Berkshire Hathaway's fifth-largest holding, accounting for 8.7% of its stock portfolio (across both share classes).
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 »
Alphabet isn't the typical Berkshire Hathaway investment, but amid the evolving artificial intelligence (AI) landscape, it makes sense for the conglomerate to embrace an AI company that has its hands in many pots. Between its prior public stake and the company's announcement of a new $10 billion private placement purchase in June, Berkshire Hathaway now holds a nearly $31 billion stake.
It's clear that AI is here to stay. The way people and businesses interact with it will inevitably evolve, but the technology itself isn't going anywhere. Alphabet is a smart investment for Berkshire Hathaway because it's a full-stack AI company that handles most of the pipeline in-house. It has operations in key parts of the AI ecosystem, including:
#berkshire #alphabet #signal #NASDAQ
Since Abel took over, Berkshire Hathaway's stock portfolio has changed a bit, and one of the biggest shifts is that it has loaded up on Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL). Berkshire Hathaway purchased its first Alphabet shares in late 2025, but Abel has taken it up a notch. It's now Berkshire Hathaway's fifth-largest holding, accounting for 8.7% of its stock portfolio (across both share classes).
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 »
Alphabet isn't the typical Berkshire Hathaway investment, but amid the evolving artificial intelligence (AI) landscape, it makes sense for the conglomerate to embrace an AI company that has its hands in many pots. Between its prior public stake and the company's announcement of a new $10 billion private placement purchase in June, Berkshire Hathaway now holds a nearly $31 billion stake.
It's clear that AI is here to stay. The way people and businesses interact with it will inevitably evolve, but the technology itself isn't going anywhere. Alphabet is a smart investment for Berkshire Hathaway because it's a full-stack AI company that handles most of the pipeline in-house. It has operations in key parts of the AI ecosystem, including:
#berkshire #alphabet #signal #NASDAQ
7 days ago
Replenish Nutrients CEO Neil Wiens joined Steve Darling from Proactive to discuss a strategic investment agreement with SRC Agrominerals that will provide $7.5 million in growth capital while supporting the expansion of the company's production facilities in Beiseker, Alberta.
Under the agreement, SRC Agrominerals will acquire an initial 19.9% equity stake in Replenish and provide an additional $7.5 million debenture investment, giving the company flexible capital to accelerate its growth plans.
The partnership also includes the appointment of SRC CEO Tim Close to Replenish's Board of Directors, while Dr. David Morris, founder and chairman of Morris Group Canada, will serve as a board advisor and be nominated for election as a director at the company's next annual meeting.
The investment proceeds will fund construction of a 150,000-metric-tonne pelletizing facility at the existing Beiseker site, along with expanded storage, processing, and load-out infrastructure to support both current granulation operations and future production. The expansion is expected to be completed by the first quarter of 2028.
As part of the partnership, the companies have also signed a long-term supply agreement for carbonatite, a mineral-rich resource containing calcium, phosphorus, potassium, magnesium, trace minerals, and beneficial microbial properties. Replenish will incorporate the material into its proprietary regenerative fertilizer products, securing a reliable supply of a key ingredient for future growth.
#morris #board
Under the agreement, SRC Agrominerals will acquire an initial 19.9% equity stake in Replenish and provide an additional $7.5 million debenture investment, giving the company flexible capital to accelerate its growth plans.
The partnership also includes the appointment of SRC CEO Tim Close to Replenish's Board of Directors, while Dr. David Morris, founder and chairman of Morris Group Canada, will serve as a board advisor and be nominated for election as a director at the company's next annual meeting.
The investment proceeds will fund construction of a 150,000-metric-tonne pelletizing facility at the existing Beiseker site, along with expanded storage, processing, and load-out infrastructure to support both current granulation operations and future production. The expansion is expected to be completed by the first quarter of 2028.
As part of the partnership, the companies have also signed a long-term supply agreement for carbonatite, a mineral-rich resource containing calcium, phosphorus, potassium, magnesium, trace minerals, and beneficial microbial properties. Replenish will incorporate the material into its proprietary regenerative fertilizer products, securing a reliable supply of a key ingredient for future growth.
#morris #board
7 days ago
Bond traders and Federal Reserve Chairman Kevin Warsh are in agreement on a crucial point: The central bank's fight against inflation still seems far from over. The Labor Department report that US consumer prices in June saw the first monthly drop since 2020 was met with relief in financial markets, where investors last week rapidly unwound bets that the central bank might start raising interest rates later this month. Rob Sockin, Chief Economist at PGIM, discusses his base case of three rate hikes in 2026.
#bond #labor #june
#bond #labor #june
7 days ago
Earlier this year, the streaming and entertainment industry witnessed one of its most high-stakes megadeals ever, stunning industry observers. Not only is it historic in its size, but it is also predicted to disrupt Hollywood and the media business as we know it.
After years of Warner Bros. Discovery (WBD) struggling under the weight of billions of dollars in debt, compounded by declining cable viewership and fierce competition from streaming platforms, the company has been considering major strategic changes, including selling its entertainment **** ets to one of its rivals.
Several major players saw the potential in acquiring the media giant, and in December, Netflix announced it would acquire WBD's studios and streaming for $82.7 billion.
But in a surprise eleventh-hour move in late February, the David Ellison-run Paramount became the winner of this bidding war, offering $111 billion to acquire all of WBD's **** ets, including its studios, HBO, streaming platforms, games, and TV networks such as CNN and HGTV. Paramount was recently acquired by Ellison with significant support from his father, Larry Ellison — the Oracle chairman, world's sixth-richest person, and major Trump donor.
Paramount's offer was approved by the U.S. Department of Justice (DOJ) in June. However, a federal judge just paused the deal after a lawsuit was filed on July 13 by a coalition of 12 state attorneys general.
#Streaming
After years of Warner Bros. Discovery (WBD) struggling under the weight of billions of dollars in debt, compounded by declining cable viewership and fierce competition from streaming platforms, the company has been considering major strategic changes, including selling its entertainment **** ets to one of its rivals.
Several major players saw the potential in acquiring the media giant, and in December, Netflix announced it would acquire WBD's studios and streaming for $82.7 billion.
But in a surprise eleventh-hour move in late February, the David Ellison-run Paramount became the winner of this bidding war, offering $111 billion to acquire all of WBD's **** ets, including its studios, HBO, streaming platforms, games, and TV networks such as CNN and HGTV. Paramount was recently acquired by Ellison with significant support from his father, Larry Ellison — the Oracle chairman, world's sixth-richest person, and major Trump donor.
Paramount's offer was approved by the U.S. Department of Justice (DOJ) in June. However, a federal judge just paused the deal after a lawsuit was filed on July 13 by a coalition of 12 state attorneys general.
#Streaming
