1 hr. ago
Angel Reese broke another WNBA record in the Atlanta Dream's 96-82 victory over the Phoenix Mercury.
Reese contributed 14 points, 10 rebounds and four ******* ists as the Dream climbed to fourth in the league standings.
The 24-year-old is one of the WNBA's most polarising players, as she regularly draws attention both on and off the court.
Reese is often trolled online for her mistakes, such as missed open layups, but she remains a key player for the Dream.
Perhaps the three-time All-Star's latest WNBA record will quiet her critics for a short while.
#phoenix
Reese contributed 14 points, 10 rebounds and four ******* ists as the Dream climbed to fourth in the league standings.
The 24-year-old is one of the WNBA's most polarising players, as she regularly draws attention both on and off the court.
Reese is often trolled online for her mistakes, such as missed open layups, but she remains a key player for the Dream.
Perhaps the three-time All-Star's latest WNBA record will quiet her critics for a short while.
#phoenix
2 hours ago
NEW DELHI: Fresh from becoming the highest run-scorer in men's T20 cricket, England star Jos **** ler has already named the player he believes could eventually take the record away from him — 15-year-old Indian batting sensation Vaibhav Sooryavanshi.
Buttler scripted history on Wednesday during Manchester Super Giants' emphatic nine-wicket win over Welsh Fire in The Hundred, smashing an unbeaten 51 off just 20 **** to surpass West Indies legend Kieron Pollard and climb to the top of the all-time T20 run charts.
But while celebrating the milestone, the England wicketkeeper-batter looked to the future and singled out Sooryavanshi as the player most likely to rewrite history.
Speaking to Sky Sports after the match, **** ler admitted the achievement was special but acknowledged that records are meant to be broken.
"It's really cool, actually, to think you've got the most T20 runs out of anyone. Someone will surpass it one day - and his name's probably [Vaibhav] Sooryavanshi - but it's a proud moment," **** ler said.
The praise comes after Sooryavanshi's meteoric rise over the past year. The teenage prodigy recently starred in India's 3-0 T20I series sweep over Zimbabwe, scoring 151 runs in three matches to claim his maiden Player of the Series award.
Earlier this year, he had also lit up the ICC Men's Under-19 Cricket World Cup, amassing 439 runs to finish as the tournament's leading scorer and earn the Player of the Tournament honour, further cementing his reputation as one of world cricket's brightest young talents.
The record-breaking moment came in spectacular fashion at Old Trafford. Chasing 156, **** ler hammered two fours and six sixes in his unbeaten 20-ball 51, reaching the landmark by launching Marco Jansen for three consecutive sixes.
The knock took **** ler to 14,833 runs in 522 T20 matches, surpassing Pollard's 14,803 runs in 746 games. Former West Indies superstar Chris Gayle, who held the record for years, now sits third with 14,562 runs in 463 matches.
Reflecting on the achievement, **** ler admitted he would have preferred to break the record a game earlier when Pollard was present in the opposition camp.
"We played against MI London last game and it would have been nice to get past Polly while he was there, sat in the dugout, but there's some great names on there, some special players, so I'm really proud of that," **** ler said.
132987653
On the field, Tim Seifert's unbeaten 62 and **** ler's fireworks powered Manchester Super Giants to 161/1 in just 69 **** , chasing down Welsh Fire's 155/4 with 31 **** to spare and ending a three-match losing streak.
#player #three
Buttler scripted history on Wednesday during Manchester Super Giants' emphatic nine-wicket win over Welsh Fire in The Hundred, smashing an unbeaten 51 off just 20 **** to surpass West Indies legend Kieron Pollard and climb to the top of the all-time T20 run charts.
But while celebrating the milestone, the England wicketkeeper-batter looked to the future and singled out Sooryavanshi as the player most likely to rewrite history.
Speaking to Sky Sports after the match, **** ler admitted the achievement was special but acknowledged that records are meant to be broken.
"It's really cool, actually, to think you've got the most T20 runs out of anyone. Someone will surpass it one day - and his name's probably [Vaibhav] Sooryavanshi - but it's a proud moment," **** ler said.
The praise comes after Sooryavanshi's meteoric rise over the past year. The teenage prodigy recently starred in India's 3-0 T20I series sweep over Zimbabwe, scoring 151 runs in three matches to claim his maiden Player of the Series award.
Earlier this year, he had also lit up the ICC Men's Under-19 Cricket World Cup, amassing 439 runs to finish as the tournament's leading scorer and earn the Player of the Tournament honour, further cementing his reputation as one of world cricket's brightest young talents.
The record-breaking moment came in spectacular fashion at Old Trafford. Chasing 156, **** ler hammered two fours and six sixes in his unbeaten 20-ball 51, reaching the landmark by launching Marco Jansen for three consecutive sixes.
The knock took **** ler to 14,833 runs in 522 T20 matches, surpassing Pollard's 14,803 runs in 746 games. Former West Indies superstar Chris Gayle, who held the record for years, now sits third with 14,562 runs in 463 matches.
Reflecting on the achievement, **** ler admitted he would have preferred to break the record a game earlier when Pollard was present in the opposition camp.
"We played against MI London last game and it would have been nice to get past Polly while he was there, sat in the dugout, but there's some great names on there, some special players, so I'm really proud of that," **** ler said.
132987653
On the field, Tim Seifert's unbeaten 62 and **** ler's fireworks powered Manchester Super Giants to 161/1 in just 69 **** , chasing down Welsh Fire's 155/4 with 31 **** to spare and ending a three-match losing streak.
#player #three
3 hours ago
There is a difference between becoming a champion and learning how to carry yourself like one.
Notre Dame had already climbed the mountain in 1988, finishing a perfect season with a national championship and establishing itself once again among college football's elite. But championships do not buy much patience the following fall. If anything, they make the target bigger. Every opponent wants to be the one that knocks off the defending champion, every close call becomes evidence of vulnerability, and every week brings another test of whether the magic of the year before can somehow survive.
By November 18, 1989, Notre Dame had answered every one of those questions.
The Irish arrived at Penn State 10–0, ranked No. 1 in the country and riding a 22-game winning streak that stretched all the way back to the beginning of their championship season. Yet Beaver Stadium represented something Notre Dame still had not conquered. The Irish had played there four times and lost all four, including a painful 21–20 defeat in 1987 that helped extinguish their national championship hopes.
This time, Notre Dame arrived as the team everyone else was trying to derail.
#notre
Notre Dame had already climbed the mountain in 1988, finishing a perfect season with a national championship and establishing itself once again among college football's elite. But championships do not buy much patience the following fall. If anything, they make the target bigger. Every opponent wants to be the one that knocks off the defending champion, every close call becomes evidence of vulnerability, and every week brings another test of whether the magic of the year before can somehow survive.
By November 18, 1989, Notre Dame had answered every one of those questions.
The Irish arrived at Penn State 10–0, ranked No. 1 in the country and riding a 22-game winning streak that stretched all the way back to the beginning of their championship season. Yet Beaver Stadium represented something Notre Dame still had not conquered. The Irish had played there four times and lost all four, including a painful 21–20 defeat in 1987 that helped extinguish their national championship hopes.
This time, Notre Dame arrived as the team everyone else was trying to derail.
#notre
5 hours ago
Pakistan climbed one place in the World Test Championship (WTC) 2025-27 points table after beating the West Indies by eight wickets in the second Test in Trinidad. The win helped Pakistan level the two-match series 1-1 and move above the West Indies in the standings.
Earlier, Pakistan had slipped to the bottom of the table after losing the opening Test. They now have two wins from six matches and a points percentage (PCT) of 22.22.
Pakistan also ended their eight-match away losing streak in Test cricket with the victory.
Chasing a target of 77, Pakistan reached 77/2 shortly after lunch on Day 4. Abdullah Shafique, who scored a century in the first innings, remained unbeaten on 24 along with captain Babar Azam, who also finished on 24 not out.
Babar sealed the win by hitting back-to-back sixes off left-arm spinner Jomel Warrican.
West Indies had won the first Test by 90 runs in Tarouba, but Pakistan bounced back strongly in the second match. Spinners Sajid Khan and Ali Usman made the most of the conditions at Queen's Park Oval as Pakistan remained unbeaten in a Test series against the West Indies since 2000.
1. Australia (1st): Australia remain at the top of the World Test Championship standings. They have won seven of their eight matches, lost one, collected 84 points and have the best Points Percentage (PCT) of 87.50.
2. South Africa (2nd): South Africa are second with three wins and one defeat in four matches. They have 36 points and a PCT of 75.00.
3. New Zealand (3rd): New Zealand are third after winning four of their six Tests. They have one loss and one draw, with 52 points and a PCT of 72.22.
Pos
#test #match
Earlier, Pakistan had slipped to the bottom of the table after losing the opening Test. They now have two wins from six matches and a points percentage (PCT) of 22.22.
Pakistan also ended their eight-match away losing streak in Test cricket with the victory.
Chasing a target of 77, Pakistan reached 77/2 shortly after lunch on Day 4. Abdullah Shafique, who scored a century in the first innings, remained unbeaten on 24 along with captain Babar Azam, who also finished on 24 not out.
Babar sealed the win by hitting back-to-back sixes off left-arm spinner Jomel Warrican.
West Indies had won the first Test by 90 runs in Tarouba, but Pakistan bounced back strongly in the second match. Spinners Sajid Khan and Ali Usman made the most of the conditions at Queen's Park Oval as Pakistan remained unbeaten in a Test series against the West Indies since 2000.
1. Australia (1st): Australia remain at the top of the World Test Championship standings. They have won seven of their eight matches, lost one, collected 84 points and have the best Points Percentage (PCT) of 87.50.
2. South Africa (2nd): South Africa are second with three wins and one defeat in four matches. They have 36 points and a PCT of 75.00.
3. New Zealand (3rd): New Zealand are third after winning four of their six Tests. They have one loss and one draw, with 52 points and a PCT of 72.22.
Pos
#test #match
5 hours ago
Investors should consider taking profits in Dell Technologies (DELL) following its explosive year-to-date rally, says Evan Lee, a senior GF Securities **** yst. In a research note this morning, Lee lowered his price target on DELL to $403, signaling potential downside of roughly 12% from current levels.
Dell stock has been a lucrative investment in 2026, currently trading at more than 3.5x its price at the start of this year.
Jeff Bezos Says He's Selling $1 Billion In Amazon Stock Every Year to Fund Blue Origin — 'It's The Most Important Work I'm Doing'
Apple's New CEO Is Bringing a Familiar Face Back From Retirement. The Shift Is Happening.
Nasdaq Futures Climb as Tech Rally Continues on Palantir Boost, U.S. JOLTS Report and **** eX Earnings on Tap
#rally #Stock #securities #jeff
Dell stock has been a lucrative investment in 2026, currently trading at more than 3.5x its price at the start of this year.
Jeff Bezos Says He's Selling $1 Billion In Amazon Stock Every Year to Fund Blue Origin — 'It's The Most Important Work I'm Doing'
Apple's New CEO Is Bringing a Familiar Face Back From Retirement. The Shift Is Happening.
Nasdaq Futures Climb as Tech Rally Continues on Palantir Boost, U.S. JOLTS Report and **** eX Earnings on Tap
#rally #Stock #securities #jeff
6 hours ago
Gianni Infantino's position as Fifa president is verging on untenable as member **** ociations begin to withdraw their support for his re-election following his disastrously botched bid to privatise the World Cup.
Infantino planned to sell off stakes in the World Cup to private investors under the Fifa Forward Enterprise (FFE), but this was met with intense backlash from football federations, with Uefa threatening to boycott Fifa tournaments if the plans were passed.
The response forced a climbdown from the Swiss-Italian but that is far from the end of the story. Many footballing bodies say they have "lost confidence" in Infantino as president, with the Asian Football Confederation calling for an "urgent review of [Fifa's] governance".
And now Infantino has summoned senior Fifa officials to a crisis meeting with a number of his allies dwindling after Fifa's secretary general Mattias Grafstrom's criticism, while the president of the Jordan FA publicly accused Infantino of "blackmail".
Before he eventually scrapped the plans, senior figures inside Fifa turned on the president. Infantino's long-term adviser, Carlos Cordeiro, chose to quit in protest over the initial proposals, while Fifa's chief operating officer said that Infantino "deceived" staff over his plans.
#infantino #enterprise
Infantino planned to sell off stakes in the World Cup to private investors under the Fifa Forward Enterprise (FFE), but this was met with intense backlash from football federations, with Uefa threatening to boycott Fifa tournaments if the plans were passed.
The response forced a climbdown from the Swiss-Italian but that is far from the end of the story. Many footballing bodies say they have "lost confidence" in Infantino as president, with the Asian Football Confederation calling for an "urgent review of [Fifa's] governance".
And now Infantino has summoned senior Fifa officials to a crisis meeting with a number of his allies dwindling after Fifa's secretary general Mattias Grafstrom's criticism, while the president of the Jordan FA publicly accused Infantino of "blackmail".
Before he eventually scrapped the plans, senior figures inside Fifa turned on the president. Infantino's long-term adviser, Carlos Cordeiro, chose to quit in protest over the initial proposals, while Fifa's chief operating officer said that Infantino "deceived" staff over his plans.
#infantino #enterprise
9 hours ago
AMD's Meta partnership anchors its MI450 GPU ramp toward $700, while Micron's 5x forward P/E makes a $1,600 price target surprisingly defensible.
Marvell set an all-time design-win record in FY2026, with Data Center now 76% of revenue and CEO Matt Murphy raising his FY2028 outlook.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and AMD didn't make the cut. Grab the names FREE today.
The AI infrastructure buildout has re-rated an entire tier of semiconductor names in 2026, and three stand out as candidates for a fresh leg higher into 2027. AMD (NASDAQ: AMD) is up 122.33% year to date, Micron Technology (NASDAQ: MU) has gained 188.55%, and Marvell Technology (NASDAQ: MRVL) has climbed 121.03%.
After a summer pullback, I want to walk through what it would take for each to notch another round-number milestone in 2027.
#NASDAQ #technology #mi450 #data
Marvell set an all-time design-win record in FY2026, with Data Center now 76% of revenue and CEO Matt Murphy raising his FY2028 outlook.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and AMD didn't make the cut. Grab the names FREE today.
The AI infrastructure buildout has re-rated an entire tier of semiconductor names in 2026, and three stand out as candidates for a fresh leg higher into 2027. AMD (NASDAQ: AMD) is up 122.33% year to date, Micron Technology (NASDAQ: MU) has gained 188.55%, and Marvell Technology (NASDAQ: MRVL) has climbed 121.03%.
After a summer pullback, I want to walk through what it would take for each to notch another round-number milestone in 2027.
#NASDAQ #technology #mi450 #data
9 hours ago
Palantir Technologies (NASDAQ: PLTR) stock charged sharply higher Tuesday, climbing as much as 27.7%. As of 11:36 a.m. ET, the stock was still up 26.3%.
The catalyst that sent the data mining and artificial intelligence (AI) software specialist higher was its quarterly financial report, which helped quash concerns about a looming AI slowdown.
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 »
Palantir continues to defy detractors who believe that the company's results simply can't get any better.
For the second quarter, Palantir delivered personal best revenue of $1.94 billion, an increase of 93% year over year and 19% quarter over quarter. This marked the 12th successive quarter of accelerating growth. This drove adjusted earnings per share (EPS) of $0.41. ******* ysts' consensus estimates called for revenue of $1.81 billion and EPS of $0.35, so the results exceeded Wall Street's already lofty expectations.
#palantir #higher #called
The catalyst that sent the data mining and artificial intelligence (AI) software specialist higher was its quarterly financial report, which helped quash concerns about a looming AI slowdown.
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 »
Palantir continues to defy detractors who believe that the company's results simply can't get any better.
For the second quarter, Palantir delivered personal best revenue of $1.94 billion, an increase of 93% year over year and 19% quarter over quarter. This marked the 12th successive quarter of accelerating growth. This drove adjusted earnings per share (EPS) of $0.41. ******* ysts' consensus estimates called for revenue of $1.81 billion and EPS of $0.35, so the results exceeded Wall Street's already lofty expectations.
#palantir #higher #called
10 hours ago
Our ***** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
What do you do when you look up and realize that a rival has almost completely stolen your pre-IPO thunder? You ask private equity to justify a silly huge valuation, of course.
Polymarket is reportedly in talks for a fresh fundraising round that would value the company north of $20 billion, according to Bloomberg. If it closes, this would be the second markup in four months. Polymarket previously raised money all the way back in April at a $15 billion valuation, a round that included a $600 million direct investment from Intercontinental Exchange, the company that owns the New York Stock Exchange. That was already a lot of institutional money betting that betting on the future is itself a good bet.
Polymarket told CNBC in late June that its annualized revenue had climbed well above $1 billion following the May launch of its regulated U.S. exchange. Volume backs that up: north of $100 million in daily notional volume domestically, up from roughly $75 million at the end of May, with the international platform running above $150 million a day.
One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.
#pick #here
What do you do when you look up and realize that a rival has almost completely stolen your pre-IPO thunder? You ask private equity to justify a silly huge valuation, of course.
Polymarket is reportedly in talks for a fresh fundraising round that would value the company north of $20 billion, according to Bloomberg. If it closes, this would be the second markup in four months. Polymarket previously raised money all the way back in April at a $15 billion valuation, a round that included a $600 million direct investment from Intercontinental Exchange, the company that owns the New York Stock Exchange. That was already a lot of institutional money betting that betting on the future is itself a good bet.
Polymarket told CNBC in late June that its annualized revenue had climbed well above $1 billion following the May launch of its regulated U.S. exchange. Volume backs that up: north of $100 million in daily notional volume domestically, up from roughly $75 million at the end of May, with the international platform running above $150 million a day.
One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.
#pick #here
10 hours ago
Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Turns out the safest bet in toys right now isn't a toy at all. It's a piece of cardboard with a cartoon monster on it. Asmodee just proved that trading cards are quietly the best business in the building, better margins, more heat, more staying power than anything with a board and a rulebook attached. Investors bought in for CATAN. They're staying for the booster packs.
Asmodee shares jumped to a record high after a first-quarter earnings beat that had Pokémon doing most of the heavy lifting.
Net sales rose 20.9% to €422.1 million (about $486.2 million), ahead of expectations near €404 million, with organic growth just over 20%, meaning this wasn't acquisitions doing the work. Trading card games led the way, up 23.1% to €285 million on demand for Pokémon, Magic: The Gathering, Yu-Gi-Oh, One Piece and a run of newer ****** les. Board games grew 16% to €103 million, helped by evergreen franchises like CATAN and Dobble, new releases and expansions, plus a contribution from recently acquired ATM Gaming.
Profitability outran sales. Adjusted EBITDA climbed 55% to €61.9 million from €39.9 million, and the margin expanded to 14.7% from 11.4%. EBIT rose to €40.5 million, and profit attributable to shareholders swung to €17 million from a €1.6 million loss a year earlier. Shares rose as much as 10% on the news.
#trading
Turns out the safest bet in toys right now isn't a toy at all. It's a piece of cardboard with a cartoon monster on it. Asmodee just proved that trading cards are quietly the best business in the building, better margins, more heat, more staying power than anything with a board and a rulebook attached. Investors bought in for CATAN. They're staying for the booster packs.
Asmodee shares jumped to a record high after a first-quarter earnings beat that had Pokémon doing most of the heavy lifting.
Net sales rose 20.9% to €422.1 million (about $486.2 million), ahead of expectations near €404 million, with organic growth just over 20%, meaning this wasn't acquisitions doing the work. Trading card games led the way, up 23.1% to €285 million on demand for Pokémon, Magic: The Gathering, Yu-Gi-Oh, One Piece and a run of newer ****** les. Board games grew 16% to €103 million, helped by evergreen franchises like CATAN and Dobble, new releases and expansions, plus a contribution from recently acquired ATM Gaming.
Profitability outran sales. Adjusted EBITDA climbed 55% to €61.9 million from €39.9 million, and the margin expanded to 14.7% from 11.4%. EBIT rose to €40.5 million, and profit attributable to shareholders swung to €17 million from a €1.6 million loss a year earlier. Shares rose as much as 10% on the news.
#trading
10 hours ago
The S&P 500 Index ($SPX) (SPY) today is up +1.13%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +1.55%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +2.21%. September E-mini S&P futures (ESU26) are up +1.20%, and September E-mini Nasdaq futures (NQU26) are up +2.30%.
Stock indices are climbing today, with the S&P 500 and Dow Jones Industrials posting new all-time highs and the Nasdaq 100 posting a 2.5-week high. Strength in technology stocks is leading the broader market higher on some better-than-expected earnings results. Palantir Technologies is up more than +27% after reporting stronger-than-expected Q2 revenue and raising its full-year revenue forecast. Also, Zebra Technologies is up more than +19% after reporting better-than-expected Q2 EPS and raising its full-year EPS forecast. In addition, Caterpillar is up more than +5% after reporting Q2 adjusted EPS that was well above the consensus.
General Motors vs. Ford: 1 Auto Giant Is Winning the EV Race
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Billionaire Ken Griffin Just Saved Situational Awareness, But Here's What a Rescue Call From Citadel Really Sounds Like — 'I… Heard the Grim Reaper's Scythe'
#expected #Stock
Stock indices are climbing today, with the S&P 500 and Dow Jones Industrials posting new all-time highs and the Nasdaq 100 posting a 2.5-week high. Strength in technology stocks is leading the broader market higher on some better-than-expected earnings results. Palantir Technologies is up more than +27% after reporting stronger-than-expected Q2 revenue and raising its full-year revenue forecast. Also, Zebra Technologies is up more than +19% after reporting better-than-expected Q2 EPS and raising its full-year EPS forecast. In addition, Caterpillar is up more than +5% after reporting Q2 adjusted EPS that was well above the consensus.
General Motors vs. Ford: 1 Auto Giant Is Winning the EV Race
1 ***** anese Company Just Waved a Red Flag for Micron Stock. How to Play It Here.
Billionaire Ken Griffin Just Saved Situational Awareness, But Here's What a Rescue Call From Citadel Really Sounds Like — 'I… Heard the Grim Reaper's Scythe'
#expected #Stock
11 hours ago
SanDisk's datacenter revenue surged 645% and Micron's jumped 346% YoY, helping to fuel today's 8% and 6% rallies after both stocks fell sharply last month.
RBC Capital initiated SK Hynix at Outperform with a $200 target as Seagate posted record fiscal 2026 free cash flow of $3.1 billion.
SanDisk and SK Hynix unveiled the first High Bandwidth Flash industry standard, a blueprint that could expand the AI memory addressable market across chip vendors.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today.
Memory and storage stocks are surging Tuesday morning, with SanDisk (NASDAQ:SNDK) leading a broad rebound across the group. SanDisk stock is up 8% to $1,393. Micron Technology shares are up 6% to $880, and SK Hynix (NASDAQ:SKHY) shares are climbing 4% to $148.
#stocks #micron #NASDAQ
RBC Capital initiated SK Hynix at Outperform with a $200 target as Seagate posted record fiscal 2026 free cash flow of $3.1 billion.
SanDisk and SK Hynix unveiled the first High Bandwidth Flash industry standard, a blueprint that could expand the AI memory addressable market across chip vendors.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today.
Memory and storage stocks are surging Tuesday morning, with SanDisk (NASDAQ:SNDK) leading a broad rebound across the group. SanDisk stock is up 8% to $1,393. Micron Technology shares are up 6% to $880, and SK Hynix (NASDAQ:SKHY) shares are climbing 4% to $148.
#stocks #micron #NASDAQ
11 hours ago
Spotify Technology SA (NYSE:SPOT) reported second-quarter profitability well above last year's results on Tuesday, as the music streaming giant crossed 300 million premium.
The Stockholm-based company posted revenue of €4.78 billion for the quarter, up 14% from a year earlier, though just shy of ****** yst estimates of €4.79 billion. Diluted earnings per share came in at €2.61.
Premium subscribers rose 9% year-over-year to 300 million, edging past estimates of 299 million. Monthly active users climbed 12% to 777 million, narrowly missing forecasts of 778 million.
Net income reached €545 million, a sharp reversal from an €86 million loss in the same period last year. Operating income totaled €655 million, with operating margin at 13.7%. Free cash flow rose 14% to €797 million, bringing the trailing twelve-month figure to €3.3 billion.
Premium segment revenue grew 15% to €4.33 billion, while ad-supported revenue rose just 1% to €446 million. Ad-supported monthly active users increased 14% to 494 million.
#last
The Stockholm-based company posted revenue of €4.78 billion for the quarter, up 14% from a year earlier, though just shy of ****** yst estimates of €4.79 billion. Diluted earnings per share came in at €2.61.
Premium subscribers rose 9% year-over-year to 300 million, edging past estimates of 299 million. Monthly active users climbed 12% to 777 million, narrowly missing forecasts of 778 million.
Net income reached €545 million, a sharp reversal from an €86 million loss in the same period last year. Operating income totaled €655 million, with operating margin at 13.7%. Free cash flow rose 14% to €797 million, bringing the trailing twelve-month figure to €3.3 billion.
Premium segment revenue grew 15% to €4.33 billion, while ad-supported revenue rose just 1% to €446 million. Ad-supported monthly active users increased 14% to 494 million.
#last
11 hours ago
It is not often that TSMC (TSM) takes cues from Intel (INTC), but that is undoubtedly what's happening. According to The Information, the world's largest contract chipmaker is quietly building a new packaging technology modeled on Intel's EMIB. TSMC's own engineers are reportedly calling the project "EMIB-like" in-house. The company is developing it with a Taiwanese substrate maker, Kinsus Interconnect Technology. Following the report, TSMC's U.S.-listed shares rose about 8%, while Intel climbed roughly 11% on July 30. For a company that usually defines the industry's direction, TSMC borrowing ideas from Intel is worth a closer look.
The fight is all about how chips get packaged. TSMC's main method, CoWoS, uses a large and expensive silicon layer to link chips together. Intel's EMIB takes a leaner route, embedding tiny silicon bridges only where the chips actually connect. That makes it cheaper and potentially better suited to the increasingly large AI chip designs. The timing makes this sting more for the Taiwanese company. TSMC's CoWoS is sold out into 2027, with some customers waiting well over a year. That backlog is pushing buyers to look for alternate suppliers, and Intel is ready. Its newest version, EMIB-T, recently hit a 98% yield rate, matching CoWoS in that metric, and has already drawn interest from Google (GOOG) (GOOGL), Amazon (AMZN), and Nvidia (NVDA). Every customer who leaves over the wait chips away at TSMC's lead.
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Billionaire Ken Griffin Just Saved Situational Awareness, But Here's What a Rescue Call From Citadel Really Sounds Like — 'I… Heard the Grim Reaper's Scythe'
#emib #tsmc #taiwanese
The fight is all about how chips get packaged. TSMC's main method, CoWoS, uses a large and expensive silicon layer to link chips together. Intel's EMIB takes a leaner route, embedding tiny silicon bridges only where the chips actually connect. That makes it cheaper and potentially better suited to the increasingly large AI chip designs. The timing makes this sting more for the Taiwanese company. TSMC's CoWoS is sold out into 2027, with some customers waiting well over a year. That backlog is pushing buyers to look for alternate suppliers, and Intel is ready. Its newest version, EMIB-T, recently hit a 98% yield rate, matching CoWoS in that metric, and has already drawn interest from Google (GOOG) (GOOGL), Amazon (AMZN), and Nvidia (NVDA). Every customer who leaves over the wait chips away at TSMC's lead.
General Motors vs. Ford: 1 Auto Giant Is Winning the EV Race
1 ***** anese Company Just Waved a Red Flag for Micron Stock. How to Play It Here.
Billionaire Ken Griffin Just Saved Situational Awareness, But Here's What a Rescue Call From Citadel Really Sounds Like — 'I… Heard the Grim Reaper's Scythe'
#emib #tsmc #taiwanese
11 hours ago
Cummins Inc. (NYSE:CMI) shares fell more than 8% after the engine manufacturer reported second-quarter 2026 results that featured record revenue but earnings below Wall Street expectations.
While demand remained strong across several end markets and the company raised its full-year outlook, investors focused on the weaker-than-expected profit performance.
Cummins reported adjusted earnings of $6.73 per share, missing the ***** yst consensus estimate of $7.26.
Revenue climbed to a record $9.5 billion, exceeding market expectations of $9.33 billion and representing a 9% increase from the same period last year.
Net income attributable to ***** mins rose to $932 million, or 9.9% of sales, compared with $890 million a year earlier.
#year #reported #expectations #billion
While demand remained strong across several end markets and the company raised its full-year outlook, investors focused on the weaker-than-expected profit performance.
Cummins reported adjusted earnings of $6.73 per share, missing the ***** yst consensus estimate of $7.26.
Revenue climbed to a record $9.5 billion, exceeding market expectations of $9.33 billion and representing a 9% increase from the same period last year.
Net income attributable to ***** mins rose to $932 million, or 9.9% of sales, compared with $890 million a year earlier.
#year #reported #expectations #billion
12 hours ago
The Institute for Supply Management said its manufacturing PMI rose to 55.6 in July, up 2.3 percentage points from June's 53.3 and the highest reading since May 2022, when the index hit 55.9. The sector has now expanded for seven consecutive months following a 10-month contraction. Readings above 50 indicate growth.
Economists had forecast the index would rise to 54.0, according to Yahoo Finance.
The production index drove much of the gain, jumping 6.3 percentage points to 58.5 — its highest level since November 2021. After 33 months in contraction, the employment index crossed above 50 for the first time, climbing to 52.8 from June's 49.7. New orders grew for a seventh straight month, with the New Orders Index edging up to 56.7 from 56.0. The Backlog of Orders Index rose 4.5 percentage points to 55.0, and the New Export Orders Index returned to expansion at 53.0, its highest since March 2022.
Susan Spence, chair of the ISM Manufacturing Business Survey Committee, said the July result reflected broad-based momentum, with four of five PMI subindexes growing at a faster rate than in June. "My gut is, it's not just a one or two month trend," Spence told Bloomberg. "Companies are seeing six or more months of these solid demand factors going in the right direction."
Fifteen of the 16 manufacturing industries ISM monitors expanded during the month, with Chemical Products alone reporting a contraction.
#month #highest
Economists had forecast the index would rise to 54.0, according to Yahoo Finance.
The production index drove much of the gain, jumping 6.3 percentage points to 58.5 — its highest level since November 2021. After 33 months in contraction, the employment index crossed above 50 for the first time, climbing to 52.8 from June's 49.7. New orders grew for a seventh straight month, with the New Orders Index edging up to 56.7 from 56.0. The Backlog of Orders Index rose 4.5 percentage points to 55.0, and the New Export Orders Index returned to expansion at 53.0, its highest since March 2022.
Susan Spence, chair of the ISM Manufacturing Business Survey Committee, said the July result reflected broad-based momentum, with four of five PMI subindexes growing at a faster rate than in June. "My gut is, it's not just a one or two month trend," Spence told Bloomberg. "Companies are seeing six or more months of these solid demand factors going in the right direction."
Fifteen of the 16 manufacturing industries ISM monitors expanded during the month, with Chemical Products alone reporting a contraction.
#month #highest
13 hours ago
Snap (SNAP) got a much-needed boost in Tuesday morning trading, after the Snapchat parent company's second-quarter results beat expectations
Snap reported a loss of 10 cents per share for the June-ended quarter, narrowed from a loss of 16 cents per share a year earlier. That was better than the loss of 12 cents per share that ******* ysts polled by FactSet were forecasting. Sales increased 19% to $1.6 billion, compared with ******* yst estimates of $1.54 billion.
For the current quarter, Snap guided for sales of $1.72 billion at the midpoint of its range. Prior to the company posting its results, ******* ysts were projecting Snap would have $1.7 billion in September-quarter sales, according to FactSet.
Daily active users were 5% year-over-year to 493 million. ******* ysts were forecasting 488 million. User growth for Snap has come into focus for investors as governments limit or ban social media use by teens. Snap is also facing thousands of lawsuits from users as part of a wider docket of cases that includes Instagram and Facebook parent Meta Platforms (META), TikTok and YouTube parent Alphabet (GOOGL).
Advertising revenue climbed 9% to $1.28 billion. On a call with ******* ysts, Chief Executive Evan Spiegel said Snapchat saw improved advertisign performance with North American business. He said the World Cup boosted ad spending during the quarter.
#sales
Snap reported a loss of 10 cents per share for the June-ended quarter, narrowed from a loss of 16 cents per share a year earlier. That was better than the loss of 12 cents per share that ******* ysts polled by FactSet were forecasting. Sales increased 19% to $1.6 billion, compared with ******* yst estimates of $1.54 billion.
For the current quarter, Snap guided for sales of $1.72 billion at the midpoint of its range. Prior to the company posting its results, ******* ysts were projecting Snap would have $1.7 billion in September-quarter sales, according to FactSet.
Daily active users were 5% year-over-year to 493 million. ******* ysts were forecasting 488 million. User growth for Snap has come into focus for investors as governments limit or ban social media use by teens. Snap is also facing thousands of lawsuits from users as part of a wider docket of cases that includes Instagram and Facebook parent Meta Platforms (META), TikTok and YouTube parent Alphabet (GOOGL).
Advertising revenue climbed 9% to $1.28 billion. On a call with ******* ysts, Chief Executive Evan Spiegel said Snapchat saw improved advertisign performance with North American business. He said the World Cup boosted ad spending during the quarter.
#sales
13 hours ago
Palantir Technologies (NASDAQ: PLTR) stock charged sharply higher Tuesday, climbing as much as 27.7%. As of 11:36 a.m. ET, the stock was still up 26.3%.
The catalyst that sent the data mining and artificial intelligence (AI) software specialist higher was its quarterly financial report, which helped quash concerns about a looming AI slowdown.
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 »
Palantir continues to defy detractors who believe that the company's results simply can't get any better.
For the second quarter, Palantir delivered personal best revenue of $1.94 billion, an increase of 93% year over year and 19% quarter over quarter. This marked the 12th successive quarter of accelerating growth. This drove adjusted earnings per share (EPS) of $0.41. **** ysts' consensus estimates called for revenue of $1.81 billion and EPS of $0.35, so the results exceeded Wall Street's already lofty expectations.
#signal
The catalyst that sent the data mining and artificial intelligence (AI) software specialist higher was its quarterly financial report, which helped quash concerns about a looming AI slowdown.
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 »
Palantir continues to defy detractors who believe that the company's results simply can't get any better.
For the second quarter, Palantir delivered personal best revenue of $1.94 billion, an increase of 93% year over year and 19% quarter over quarter. This marked the 12th successive quarter of accelerating growth. This drove adjusted earnings per share (EPS) of $0.41. **** ysts' consensus estimates called for revenue of $1.81 billion and EPS of $0.35, so the results exceeded Wall Street's already lofty expectations.
#signal
16 hours ago
On Sunday, it took Chelsea Green a little more than 11 seconds to climb a purposefully placed ladder and retrieve the WWE Women's Championship. In those 11 seconds, with tens of thousands of fans frantically cheering her on, Green completed one of the most unlikely rises in recent memory and upended the perceived hierarchy in WWE.
In her mind, it felt like a lot longer.
"The minute that Jade [Cargill] and Charlotte [Flair], and Lash [Legend] and Tiffany [Stratton] took those last ******* ps off the ladders, I felt the entire stadium rumbling," Green told Uncrowned. "When I opened my eyes and I looked left and right, the feeling was incredible. I get chills just thinking about it now. There was this energy that I've never felt in my entire career, and I hope I can bottle it up and take it with me for the rest of my life.
"I know I scurried up there very quickly, but to me, it felt like it took 13 years to climb that ladder."
Green's wrestling career began in 2014, working for myriad promotions before eventually landing in WWE full-time in 2018. Signed under the NXT brand, Green suffered a broken wrist in her televised debut in 2019 before working her way up to the main roster in 2020. In what became an unfortunate trend, Green again suffered a broken wrist in her televised "SmackDown" debut. She was subsequently released by WWE early in 2021.
#seconds #climb #entire
In her mind, it felt like a lot longer.
"The minute that Jade [Cargill] and Charlotte [Flair], and Lash [Legend] and Tiffany [Stratton] took those last ******* ps off the ladders, I felt the entire stadium rumbling," Green told Uncrowned. "When I opened my eyes and I looked left and right, the feeling was incredible. I get chills just thinking about it now. There was this energy that I've never felt in my entire career, and I hope I can bottle it up and take it with me for the rest of my life.
"I know I scurried up there very quickly, but to me, it felt like it took 13 years to climb that ladder."
Green's wrestling career began in 2014, working for myriad promotions before eventually landing in WWE full-time in 2018. Signed under the NXT brand, Green suffered a broken wrist in her televised debut in 2019 before working her way up to the main roster in 2020. In what became an unfortunate trend, Green again suffered a broken wrist in her televised "SmackDown" debut. She was subsequently released by WWE early in 2021.
#seconds #climb #entire
16 hours ago
The Kansas City Chiefs are coming off their worst season in over a decade. 2025 was not only the first losing season of the Patrick Mahomes era, but it was also the first losing season for head coach Andy Reid since joining the organization in 2013. Finishing 6-11, the Chiefs lost eight of their final nine games in 2025, including losses to division rivals the Denver Broncos, Las Vegas Raiders, and Los Angeles Chargers.
There were a lot of factors that played into the Chiefs' disappointing 2025 campaign. Like the fact that the Chiefs' pass rush was exclusively found on a milk carton, or the absence of any hint of explosiveness at the running back position.
Kansas City's season was already in the trash heap by the time Mahomes tore his ACL in the Week 15 loss to the Chargers. Still, there is no doubt that Mahomes' injury is when things went from bad to a dumpster fire.
For a team that appeared in three straight Super Bowls from 2022-2024 (winning two of them), 2025's fall from grace was a stark reminder that in today's NFL, the fate of a franchise is constantly ebbing and flowing. As hard as the climb to the top is, the fall from grace is twice as sudden and ******* py on the way down.
If the Chiefs want to climb out of the AFC West cellar and improve on last season's third-place finish, they need to be more balanced on offense and find a way to get to the opposing quarterback.
#kansas #chargers
There were a lot of factors that played into the Chiefs' disappointing 2025 campaign. Like the fact that the Chiefs' pass rush was exclusively found on a milk carton, or the absence of any hint of explosiveness at the running back position.
Kansas City's season was already in the trash heap by the time Mahomes tore his ACL in the Week 15 loss to the Chargers. Still, there is no doubt that Mahomes' injury is when things went from bad to a dumpster fire.
For a team that appeared in three straight Super Bowls from 2022-2024 (winning two of them), 2025's fall from grace was a stark reminder that in today's NFL, the fate of a franchise is constantly ebbing and flowing. As hard as the climb to the top is, the fall from grace is twice as sudden and ******* py on the way down.
If the Chiefs want to climb out of the AFC West cellar and improve on last season's third-place finish, they need to be more balanced on offense and find a way to get to the opposing quarterback.
#kansas #chargers
18 hours ago
Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) delivered first-half 2026 results ahead of market expectations, driven by higher sales volumes and favourable pricing across its European and Asia-Pacific operations. Despite the earnings beat, the company's shares fell 3.6% to $104.30 in U.S. premarket trading on Tuesday, even as S&P 500 futures edged about 0.2% higher.
Profit after tax increased 5.8% year over year to €991 million, surpassing the S&P Global Visible Alpha consensus forecast of approximately €983.8 million.
Revenue climbed 4.4% to €10.72 billion, comfortably ahead of ***** yst expectations of roughly €9.83 billion.
The company attributed the strong first-half performance to balanced revenue growth, ongoing market share gains and disciplined cost control. Demand remained particularly robust for zero-sugar soft drinks, energy beverages and hydration products.
Comparable group volumes increased 2.2% on a days-adjusted basis, while comparable foreign exchange-neutral revenue rose 6.1%.
#comparable #market #volumes
Profit after tax increased 5.8% year over year to €991 million, surpassing the S&P Global Visible Alpha consensus forecast of approximately €983.8 million.
Revenue climbed 4.4% to €10.72 billion, comfortably ahead of ***** yst expectations of roughly €9.83 billion.
The company attributed the strong first-half performance to balanced revenue growth, ongoing market share gains and disciplined cost control. Demand remained particularly robust for zero-sugar soft drinks, energy beverages and hydration products.
Comparable group volumes increased 2.2% on a days-adjusted basis, while comparable foreign exchange-neutral revenue rose 6.1%.
#comparable #market #volumes
19 hours ago
SiriusXM and American Electric Power both go ex-dividend August 10, offering yields of 3.56% and 2.95% with earnings comfortably covering both payouts.
AEP's commercial load climbed 15% on data-center demand, backing a $78 billion capital plan and 7%-9% annual earnings growth through 2030.
Timberland Bancorp issues its 55th consecutive quarterly dividend August 24, with $4.05 EPS covering a $1.12 annual payout at just 11x earnings.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and American Electric Power didn't make the cut. Grab the names FREE today.
Three well-known dividend payers share a single deadline this week. SiriusXM (NASDAQ:SIRI), American Electric Power (NASDAQ:AEP), and Timberland Bancorp (NASDAQ:TSBK) all go ex-dividend on Monday, August 10. To collect the upcoming payment on any of them, shares must be owned by the close of Friday, August 7.
#august #american #electric #siriusxm
AEP's commercial load climbed 15% on data-center demand, backing a $78 billion capital plan and 7%-9% annual earnings growth through 2030.
Timberland Bancorp issues its 55th consecutive quarterly dividend August 24, with $4.05 EPS covering a $1.12 annual payout at just 11x earnings.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and American Electric Power didn't make the cut. Grab the names FREE today.
Three well-known dividend payers share a single deadline this week. SiriusXM (NASDAQ:SIRI), American Electric Power (NASDAQ:AEP), and Timberland Bancorp (NASDAQ:TSBK) all go ex-dividend on Monday, August 10. To collect the upcoming payment on any of them, shares must be owned by the close of Friday, August 7.
#august #american #electric #siriusxm
19 hours ago
The Dow Jones Industrial Average held in record-high territory Wednesday afternoon, following reports that Iran and Oman have reached a tentative agreement about waterway routes in the Strait of Hormuz. But a broader drop in tech names including ******* e Exploration Technologies (SPCX), known as ******* eX, on the stock market today pressured other indexes.
The Nasdaq reversed into the red, losing 0.4%. The Dow rose more than 400 points, or 0.8%, but pared its gain. The S&P 500 trimmed its advance to 0.1%, with six of its 11 sectors moving lower. Tech gained but lagged the rise in the defensive materials and health sectors. The S&P 500 and the Dow ended with record closing highs on Tuesday. Small caps turned lower Wednesday, pushing the Russell 2000 down 0.4%.
On the Dow, Walt Disney (DIS) climbed following the entertainment giant's third-quarter earnings report, but pared gains. The Nasdaq was hurt by slides in Astera Labs (ALAB) and ******* eX, as each fell more than 10%, and a loss of 6% in Advanced Micro Devices (AMD).
Reports Wednesday citing Iran's Foreign Ministry said Iran reached a memorandum of understanding related to coordinates for routes through the Strait of Hormuz.
Stocks opened higher Wednesday after President Donald Trump late Tuesday told reporters there had been progress in talks about reopening the Strait of Hormuz and that an agreement could be announced Wednesday or Thursday.
#hormuz #SpaceX #Tech #record
The Nasdaq reversed into the red, losing 0.4%. The Dow rose more than 400 points, or 0.8%, but pared its gain. The S&P 500 trimmed its advance to 0.1%, with six of its 11 sectors moving lower. Tech gained but lagged the rise in the defensive materials and health sectors. The S&P 500 and the Dow ended with record closing highs on Tuesday. Small caps turned lower Wednesday, pushing the Russell 2000 down 0.4%.
On the Dow, Walt Disney (DIS) climbed following the entertainment giant's third-quarter earnings report, but pared gains. The Nasdaq was hurt by slides in Astera Labs (ALAB) and ******* eX, as each fell more than 10%, and a loss of 6% in Advanced Micro Devices (AMD).
Reports Wednesday citing Iran's Foreign Ministry said Iran reached a memorandum of understanding related to coordinates for routes through the Strait of Hormuz.
Stocks opened higher Wednesday after President Donald Trump late Tuesday told reporters there had been progress in talks about reopening the Strait of Hormuz and that an agreement could be announced Wednesday or Thursday.
#hormuz #SpaceX #Tech #record
1 day ago
The Mega Millions jackpot climbed to an estimated $60 million for Tuesday night's drawing after a ticket sold in Florida won last week's $800 million prize.
The winning numbers for the Tuesday, Aug. 4, drawing were 14, 21, 51, 55 and 65. The Mega Ball was 21.
Mega Millions has two drawings each week, on Tuesdays and Fridays, at 11 p.m. ET. The next drawing is on Friday, Aug. 7, with an estimated jackpot of $70 million and an estimated cash option of $29.7 million.
Winning the Mega Millions jackpot is exceptionally rare.
The odds of matching all six numbers to win the jackpot are 1 in 290,472,336, according to the official Mega Millions game rules. Before the game was revamped in April 2025, the odds were 1 in 302,575,350.
#jackpot #numbers #odds
The winning numbers for the Tuesday, Aug. 4, drawing were 14, 21, 51, 55 and 65. The Mega Ball was 21.
Mega Millions has two drawings each week, on Tuesdays and Fridays, at 11 p.m. ET. The next drawing is on Friday, Aug. 7, with an estimated jackpot of $70 million and an estimated cash option of $29.7 million.
Winning the Mega Millions jackpot is exceptionally rare.
The odds of matching all six numbers to win the jackpot are 1 in 290,472,336, according to the official Mega Millions game rules. Before the game was revamped in April 2025, the odds were 1 in 302,575,350.
#jackpot #numbers #odds
1 day ago
By Akash Sriram
Aug 5 (Reuters) - ******* eX touted faster-than-expected returns from its AI spending on its first-ever earnings call as a public company.
But investors remained concerned about how long its profitable Starlink business could continue to bankroll costly investments in data centers and Nvidia chips.
The company's shares fell 9% in premarket trading on Wednesday, dropping well below their $135 IPO price in less than two months since the company's blockbuster debut.
SpaceX reported AI revenue that more than tripled from a year earlier and disclosed several new cloud computing agreements, even as quarterly capital spending on AI climbed to $15.8 billion.
#SpaceX #sriram #starlink #wednesday
Aug 5 (Reuters) - ******* eX touted faster-than-expected returns from its AI spending on its first-ever earnings call as a public company.
But investors remained concerned about how long its profitable Starlink business could continue to bankroll costly investments in data centers and Nvidia chips.
The company's shares fell 9% in premarket trading on Wednesday, dropping well below their $135 IPO price in less than two months since the company's blockbuster debut.
SpaceX reported AI revenue that more than tripled from a year earlier and disclosed several new cloud computing agreements, even as quarterly capital spending on AI climbed to $15.8 billion.
#SpaceX #sriram #starlink #wednesday
1 day ago
President Gianni Infantino held emergency talks with other FIFA directors in Morocco on Wednesday, a source told AFP, amid a wave of criticism over his now shelved plan to open the World Cup to private investment.
Infantino has come under increasing pressure, even from within FIFA, over his handling of the proposal, and calls for him to step down have grown since he abandoned it last Saturday.
One of those believed to be at the meeting is FIFA's secretary-general Mattias Grafstrom, whose internal email to staff criticising the plan was leaked on Tuesday.
Infantino, a 56-year-old Swiss lawyer -- who is holding the meeting in FIFA's Africa regional office in Sale close to Rabat -- was in Morocco to celebrate last week's Feast of the Enthronement.
Morocco is to co-host the 2030 World Cup and Moroccan Football chief Fouzi Lekjaa is one of the few to have publicly supported Infantino since the humiliating climbdown.
#morocco #since #last
Infantino has come under increasing pressure, even from within FIFA, over his handling of the proposal, and calls for him to step down have grown since he abandoned it last Saturday.
One of those believed to be at the meeting is FIFA's secretary-general Mattias Grafstrom, whose internal email to staff criticising the plan was leaked on Tuesday.
Infantino, a 56-year-old Swiss lawyer -- who is holding the meeting in FIFA's Africa regional office in Sale close to Rabat -- was in Morocco to celebrate last week's Feast of the Enthronement.
Morocco is to co-host the 2030 World Cup and Moroccan Football chief Fouzi Lekjaa is one of the few to have publicly supported Infantino since the humiliating climbdown.
#morocco #since #last
1 day ago
Investors added $191.3 billion to US-listed ETFs in July, pushing year-to-date inflows toward $1.3 trillion.
The AI trade stayed volatile through the month, but the broader stock market held near all-time highs. Bonds went the other way, with the 30-year Treasury yield climbing to a 19-year high.
By category, US equity ETFs led the way with $75 billion of inflows. International equity ETFs followed with almost $46 billion, then US fixed income with more than $39 billion. Leveraged ETFs took in $10.5 billion, and alternatives gathered $6.3 billion.
At the individual fund level, the usual broad-market suspects sat at the top. The Vanguard S&P 500 ETF (VOO) picked up nearly $20 billion, followed by the SPDR S&P 500 ETF Trust (SPY) with $14 billion and the SPDR Portfolio S&P 500 ETF (SPYM) with more than $8 billion.
Outside of the big broad-market US funds, AI-fueled ETFs dominated. The iShares Semiconductor ETF (SOXX) picked up $6.9 billion, the Direxion Daily Semiconductor Bull 3X Shares (SOXL) added $6.9 billion, the Roundhill Memory ETF (DRAM) took in $6.2 billion, the iShares MSCI South Korea ETF (EWY) gathered $4.8 billion, and the VanEck Semiconductor ETF (SMH) brought in $4.5 billion.
#semiconductor #market #spdr #inflows
The AI trade stayed volatile through the month, but the broader stock market held near all-time highs. Bonds went the other way, with the 30-year Treasury yield climbing to a 19-year high.
By category, US equity ETFs led the way with $75 billion of inflows. International equity ETFs followed with almost $46 billion, then US fixed income with more than $39 billion. Leveraged ETFs took in $10.5 billion, and alternatives gathered $6.3 billion.
At the individual fund level, the usual broad-market suspects sat at the top. The Vanguard S&P 500 ETF (VOO) picked up nearly $20 billion, followed by the SPDR S&P 500 ETF Trust (SPY) with $14 billion and the SPDR Portfolio S&P 500 ETF (SPYM) with more than $8 billion.
Outside of the big broad-market US funds, AI-fueled ETFs dominated. The iShares Semiconductor ETF (SOXX) picked up $6.9 billion, the Direxion Daily Semiconductor Bull 3X Shares (SOXL) added $6.9 billion, the Roundhill Memory ETF (DRAM) took in $6.2 billion, the iShares MSCI South Korea ETF (EWY) gathered $4.8 billion, and the VanEck Semiconductor ETF (SMH) brought in $4.5 billion.
#semiconductor #market #spdr #inflows
1 day ago
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Ares Management sees three major themes shaping the next phase of alternative investing: growing institutional demand for private credit, a rapidly expanding market for private equity secondaries, and artificial intelligence becoming a competitive advantage across investing and operations.
The comments came during the firm's second-quarter earnings call, where Ares reported record fundraising and said it is seeing improving deployment opportunities across credit, infrastructure and secondaries while increasingly using AI to improve investment decisions and operating efficiency.
Ares raised a record $36 billion during the quarter, pushing ******* ets under management to approximately $671 billion, up 17% from a year earlier, while fee-paying ******* ets climbed 17% to roughly $410 billion.
Don't Miss:
#ares #billion #across
Ares Management sees three major themes shaping the next phase of alternative investing: growing institutional demand for private credit, a rapidly expanding market for private equity secondaries, and artificial intelligence becoming a competitive advantage across investing and operations.
The comments came during the firm's second-quarter earnings call, where Ares reported record fundraising and said it is seeing improving deployment opportunities across credit, infrastructure and secondaries while increasingly using AI to improve investment decisions and operating efficiency.
Ares raised a record $36 billion during the quarter, pushing ******* ets under management to approximately $671 billion, up 17% from a year earlier, while fee-paying ******* ets climbed 17% to roughly $410 billion.
Don't Miss:
#ares #billion #across
1 day ago
Microsoft's growth story is undeniable, but its latest earnings call revealed the one question that truly matters: who is paying for the large AI buildout, and what happens if they stop?
After a year of underperforming the S&P 500, Microsoft (MSFT) stock has been climbing again, powered by an AI narrative that seems unstoppable. But on its latest earnings call, the real story was not the impressive growth, but the large spending required to generate it. The entire Q&A session circled one central question: with the company investing at a historic pace, is the return on that capital both real and defensible?
The justification for the spending spree starts with Azure's stunning growth. Azure's revenue grew 43% this quarter, a figure that prompted ***** ysts to probe the underlying drivers. Management's response was clear: the growth is real, and it is constrained by supply, not demand. The company stated that "Customer demand continues to exceed available capacity." In fact, the better-than-expected results were partly driven by engineering teams getting more out of the existing infrastructure and bringing new capacity online faster. Every efficiency gain, the CFO noted, was "quickly monetized" because the demand was already there waiting. This paints a picture of a company racing to build factories for a product that sells before it even hits the shelf.
If the demand is so strong, what is the risk? That was the core of the sharpest challenge of the call, a direct question about the danger of overbuilding and the pressure of rising component prices. The concern is that Microsoft is spending billions on a gold rush, and could be left with expensive, empty data centers if demand normalizes. Management's answer focused on flexibility. The CFO explained that the majority of capital spending is on "short-lived ***** ets" like CPUs and GPUs, not the buildings themselves. If the demand environment changes, the company can simply slow down orders for those components. The response was a direct attempt to reframe the large CapEx number from a fixed risk to a variable, manageable cost. It was a solid, logical answer, though the real test of that flexibility has yet to come.
In the end, management projects confidence, guiding for another year of double-digit revenue and operating income growth. The adoption of services like Microsoft 365 Copilot, which now has over 30 million paid seats, supports that optimism. We recently looked at what investors are paying for at these levels in a separate piece. But the company also gave a crucial tell in its own guidance: for the full fiscal year, operating margins are expected to be "down less than 1 point." That single data point acknowledges the pressure from this investment cycle. The thing to watch next quarter is that margin figure. If it holds steady, it means the company is successfully navigating the costs of its AI ambition. If it slips, the question of who pays for all this will get much louder.
#microsof
After a year of underperforming the S&P 500, Microsoft (MSFT) stock has been climbing again, powered by an AI narrative that seems unstoppable. But on its latest earnings call, the real story was not the impressive growth, but the large spending required to generate it. The entire Q&A session circled one central question: with the company investing at a historic pace, is the return on that capital both real and defensible?
The justification for the spending spree starts with Azure's stunning growth. Azure's revenue grew 43% this quarter, a figure that prompted ***** ysts to probe the underlying drivers. Management's response was clear: the growth is real, and it is constrained by supply, not demand. The company stated that "Customer demand continues to exceed available capacity." In fact, the better-than-expected results were partly driven by engineering teams getting more out of the existing infrastructure and bringing new capacity online faster. Every efficiency gain, the CFO noted, was "quickly monetized" because the demand was already there waiting. This paints a picture of a company racing to build factories for a product that sells before it even hits the shelf.
If the demand is so strong, what is the risk? That was the core of the sharpest challenge of the call, a direct question about the danger of overbuilding and the pressure of rising component prices. The concern is that Microsoft is spending billions on a gold rush, and could be left with expensive, empty data centers if demand normalizes. Management's answer focused on flexibility. The CFO explained that the majority of capital spending is on "short-lived ***** ets" like CPUs and GPUs, not the buildings themselves. If the demand environment changes, the company can simply slow down orders for those components. The response was a direct attempt to reframe the large CapEx number from a fixed risk to a variable, manageable cost. It was a solid, logical answer, though the real test of that flexibility has yet to come.
In the end, management projects confidence, guiding for another year of double-digit revenue and operating income growth. The adoption of services like Microsoft 365 Copilot, which now has over 30 million paid seats, supports that optimism. We recently looked at what investors are paying for at these levels in a separate piece. But the company also gave a crucial tell in its own guidance: for the full fiscal year, operating margins are expected to be "down less than 1 point." That single data point acknowledges the pressure from this investment cycle. The thing to watch next quarter is that margin figure. If it holds steady, it means the company is successfully navigating the costs of its AI ambition. If it slips, the question of who pays for all this will get much louder.
#microsof
1 day ago
Palantir blew past Wall Street's financial targets in its second quarter and forecast strong growth in the coming months, sending its stock surging 13% in after-hours trading on Monday.
Revenue in the three months ended June 30 increased 93% year over year, totaling $1.94 billion, compared with the $1.801 billion that ***** ysts were expecting. The AI software company posted net income of roughly $1.1 billion, or 41 cents per share, versus the average ***** yst estimate of 35 cents.
Palantir's growth was fueled by continued strength in the U.S., where commercial revenue jumped 149% from a year earlier and government revenue climbed 90%.
"Our business is compounding at a rate and scale that we have never before witnessed," Palantir CEO Alex Karp said in a letter to shareholders, noting that Palantir's second-quarter net income was more than the company generated in total revenue the year before.
The AI software company also issued another bullish outlook. Palantir expects third-quarter revenue of $2.160 billion to $2.164 billion and adjusted income from operations of $1.292 billion to $1.296 billion. It also raised its full-year 2026 revenue guidance to between $8.150 billion and $8.158 billion, up from its start-of-year forecast of $7.182 billion to $7.198 billion.
#revenue
Revenue in the three months ended June 30 increased 93% year over year, totaling $1.94 billion, compared with the $1.801 billion that ***** ysts were expecting. The AI software company posted net income of roughly $1.1 billion, or 41 cents per share, versus the average ***** yst estimate of 35 cents.
Palantir's growth was fueled by continued strength in the U.S., where commercial revenue jumped 149% from a year earlier and government revenue climbed 90%.
"Our business is compounding at a rate and scale that we have never before witnessed," Palantir CEO Alex Karp said in a letter to shareholders, noting that Palantir's second-quarter net income was more than the company generated in total revenue the year before.
The AI software company also issued another bullish outlook. Palantir expects third-quarter revenue of $2.160 billion to $2.164 billion and adjusted income from operations of $1.292 billion to $1.296 billion. It also raised its full-year 2026 revenue guidance to between $8.150 billion and $8.158 billion, up from its start-of-year forecast of $7.182 billion to $7.198 billion.
#revenue
