31 mins. 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 credit card features that matter most when comparing a new card include the APR, annual fee, rewards, welcome bonus, intro offers, and benefits. But it's also important to consider what you can qualify for with your credit score.
Each one of these card features can play a part in the value you get from your card:
Card feature
What to look for
#offers #advertisers
The credit card features that matter most when comparing a new card include the APR, annual fee, rewards, welcome bonus, intro offers, and benefits. But it's also important to consider what you can qualify for with your credit score.
Each one of these card features can play a part in the value you get from your card:
Card feature
What to look for
#offers #advertisers
38 mins. ago
Uber Technologies Inc. (NYSE:UBER) has secured Madrid as the fourth city covered by its partnership with WeRide, bringing Spain into its rapidly expanding autonomous vehicle network. The company's broader AV strategy covers more than 30 partners, while Uber expects to commit more than $10 billion across AV investments, infrastructure, and vehicle offtake over the coming years. At the center of that strategy is Uber's decision not to build self-driving technology itself. Instead, the company wants to become the indispensable demand layer for whichever AV providers ultimately emerge as winners. Yet the diversification strategy is facing pressure in key areas. One of its most prominent AV partners is pulling back, while another remains under an active safety investigation.
Uber, WeRide, and AVOMO have secured Spain's first national permit covering level 4 autonomous passenger vehicles. The permit was issued by Spain's Directorate General of Traffic and allows the companies to begin deployment preparations on public roads in Madrid. Under the permit, WeRide can test its GXR vehicles and conduct roadmapping throughout Madrid in preparation for a commercial launch planned for year-end. The rollout will begin with 20 vehicles, each supervised by an in-car specialist, operating across high-demand areas of Greater Madrid. Madrid becomes the fourth city included in the Uber-WeRide partnership, which plans to reach 15 cities globally by 2030. The expansion also fits Uber's broader ******* et-light AV strategy, which includes more than 30 partnerships while Uber expects to commit over $10 billion across AV investments, infrastructure, and vehicle offtake over the coming years.
The diversification of Uber's AV network does not eliminate risks from individual partners. Uber and Waymo confirmed in late June that their Phoenix partnership had ended, while Waymo is reportedly considering a broader exit from its relationship with Uber. This comes even as Uber executives have publicly criticized Waymo's model while investing substantial capital in competing fleets. Avride is facing a separate challenge, with the NHTSA investigating the Uber AV partner after multiple crashes. At the same time, Tesla is ramping up its own Cybercab fleet, while Waymo has raised $16 billion to accelerate its independent growth. Together, these moves could reduce Waymo's reliance on Uber while increasing competitive pressure on Uber's AV platform.
#madrid #waymo
Uber, WeRide, and AVOMO have secured Spain's first national permit covering level 4 autonomous passenger vehicles. The permit was issued by Spain's Directorate General of Traffic and allows the companies to begin deployment preparations on public roads in Madrid. Under the permit, WeRide can test its GXR vehicles and conduct roadmapping throughout Madrid in preparation for a commercial launch planned for year-end. The rollout will begin with 20 vehicles, each supervised by an in-car specialist, operating across high-demand areas of Greater Madrid. Madrid becomes the fourth city included in the Uber-WeRide partnership, which plans to reach 15 cities globally by 2030. The expansion also fits Uber's broader ******* et-light AV strategy, which includes more than 30 partnerships while Uber expects to commit over $10 billion across AV investments, infrastructure, and vehicle offtake over the coming years.
The diversification of Uber's AV network does not eliminate risks from individual partners. Uber and Waymo confirmed in late June that their Phoenix partnership had ended, while Waymo is reportedly considering a broader exit from its relationship with Uber. This comes even as Uber executives have publicly criticized Waymo's model while investing substantial capital in competing fleets. Avride is facing a separate challenge, with the NHTSA investigating the Uber AV partner after multiple crashes. At the same time, Tesla is ramping up its own Cybercab fleet, while Waymo has raised $16 billion to accelerate its independent growth. Together, these moves could reduce Waymo's reliance on Uber while increasing competitive pressure on Uber's AV platform.
#madrid #waymo
1 hr. ago
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Opening a savings account for a child can help them build good money habits while giving their savings a safe place to grow. But because minors generally can't open bank accounts on their own, a parent or guardian will usually need to help. Here's how to open a savings account for a child, what you'll need, and how to choose the right account.
You must follow the right steps if you want to open savings account for your child. Much of the process is similar to opening a savings account for yourself, with some additional considerations.
Keep in mind that banks often require a parent or legal guardian to be present when opening a savings account for a child.
Start by choosing the right bank for your child's bank account. A simple and convenient option is to open an account where you do your own banking.
#account #opening #bank
Opening a savings account for a child can help them build good money habits while giving their savings a safe place to grow. But because minors generally can't open bank accounts on their own, a parent or guardian will usually need to help. Here's how to open a savings account for a child, what you'll need, and how to choose the right account.
You must follow the right steps if you want to open savings account for your child. Much of the process is similar to opening a savings account for yourself, with some additional considerations.
Keep in mind that banks often require a parent or legal guardian to be present when opening a savings account for a child.
Start by choosing the right bank for your child's bank account. A simple and convenient option is to open an account where you do your own banking.
#account #opening #bank
1 hr. ago
Ondas Inc. (NASDAQ:ONDS) completed its acquisitions of GATE Technologies Ltd. and Bron Technologies on September 14, adding electronic safety and fuzing components used across precision weapons. GATE supplies the technology, while Bron provides manufacturing and certification capabilities in Poland.
Base consideration comprises $105 million in cash and $100 million in equity. The SEC filing specifies an additional $25 million working-capital adjustment. Of the stock consideration, approximately $22.5 million is scheduled for issuance within nine months, subject to conditions. Performance payments could add up to $185 million.
The investment question is whether owning qualified components can improve supply reliability and profitability enough to justify the purchase price and manufacturing investment.
GATE's technology is integrated into dozens of weapons systems. Qualification and integration requirements can make replacing a supplier difficult, supporting repeat demand as customer programs enter production. Ondas Inc. (NASDAQ:ONDS) can therefore participate in orders across multiple manufacturers alongside sales of its own systems.
Management says approximately 80% of GATE's revenue comes from outside the Middle East. The combination of Israeli engineering and Polish production provides an established international base. U.S.-produced finished products and integrated systems are targeted for the first half of 2027, potentially expanding access to programs with domestic sourcing requirements.
#ondas
Base consideration comprises $105 million in cash and $100 million in equity. The SEC filing specifies an additional $25 million working-capital adjustment. Of the stock consideration, approximately $22.5 million is scheduled for issuance within nine months, subject to conditions. Performance payments could add up to $185 million.
The investment question is whether owning qualified components can improve supply reliability and profitability enough to justify the purchase price and manufacturing investment.
GATE's technology is integrated into dozens of weapons systems. Qualification and integration requirements can make replacing a supplier difficult, supporting repeat demand as customer programs enter production. Ondas Inc. (NASDAQ:ONDS) can therefore participate in orders across multiple manufacturers alongside sales of its own systems.
Management says approximately 80% of GATE's revenue comes from outside the Middle East. The combination of Israeli engineering and Polish production provides an established international base. U.S.-produced finished products and integrated systems are targeted for the first half of 2027, potentially expanding access to programs with domestic sourcing requirements.
#ondas
2 hours ago
The Hain Celestial Group, Inc. (NASDAQ:HAIN) announced on September 14 that it agreed to sell most international operations to AURELIUS for estimated cash consideration of $323 million. Expected net proceeds of $305 million to $310 million would repay debt and leave a business concentrated in North America.
The immediate hurdle is financing. The agreement, signed September 12, requires a credit-agreement amendment by October 12 extending the December 22, 2026 maturity by at least nine months. AURELIUS can terminate if that amendment is not secured by the deadline.
The Hain Celestial Group, Inc. (NASDAQ:HAIN) expects closing in its fiscal second quarter ending December 31, subject to lender agreement and regulatory approvals. The dollar consideration estimates also depend on exchange rates because the purchase price is denominated in sterling.
The transaction could materially reduce the debt burden. The Hain Celestial Group, Inc. (NASDAQ:HAIN) reported $558 million of total debt as of June 30. Subtracting the estimated net proceeds implies approximately $248 million to $253 million remaining, a calculation using rounded figures before subsequent borrowings, repayments, or other changes.
That reduction could lower interest expense and give management more room to stabilize the retained brands. The remaining portfolio includes Celestial Seasonings tea, The Greek Gods yogurt and Earth's Best baby and kids foods.
#december
The immediate hurdle is financing. The agreement, signed September 12, requires a credit-agreement amendment by October 12 extending the December 22, 2026 maturity by at least nine months. AURELIUS can terminate if that amendment is not secured by the deadline.
The Hain Celestial Group, Inc. (NASDAQ:HAIN) expects closing in its fiscal second quarter ending December 31, subject to lender agreement and regulatory approvals. The dollar consideration estimates also depend on exchange rates because the purchase price is denominated in sterling.
The transaction could materially reduce the debt burden. The Hain Celestial Group, Inc. (NASDAQ:HAIN) reported $558 million of total debt as of June 30. Subtracting the estimated net proceeds implies approximately $248 million to $253 million remaining, a calculation using rounded figures before subsequent borrowings, repayments, or other changes.
That reduction could lower interest expense and give management more room to stabilize the retained brands. The remaining portfolio includes Celestial Seasonings tea, The Greek Gods yogurt and Earth's Best baby and kids foods.
#december
2 hours ago
Federal student loans are, for many students, the best option for covering postsecondary education and related expenses.
With fixed interest rates, clear grace periods and forbearance options, federal loans offer predictable repayment schedules.
Some borrowers may even qualify for loan forgiveness under Public Service Loan Forgiveness, income-driven repayment plans or the Teacher Loan Forgiveness program.
Though federal student loans have benefits compared to private loans, consider any borrowing carefully before committing to a debt.
If you don't have cash on hand to completely cover the cost of attendance for college — around $38,000 per year on average, according to the Education Data Initiative — you're not alone. More than 42 million borrowers have federal student loan debt.
#loan #debt
With fixed interest rates, clear grace periods and forbearance options, federal loans offer predictable repayment schedules.
Some borrowers may even qualify for loan forgiveness under Public Service Loan Forgiveness, income-driven repayment plans or the Teacher Loan Forgiveness program.
Though federal student loans have benefits compared to private loans, consider any borrowing carefully before committing to a debt.
If you don't have cash on hand to completely cover the cost of attendance for college — around $38,000 per year on average, according to the Education Data Initiative — you're not alone. More than 42 million borrowers have federal student loan debt.
#loan #debt
2 hours ago
Updated Sept. 17, 2026 2:46 pm ET
Listen
(3 min)
1443 ET – Precious metal futures settle higher in New York, recovering from a swoon in the wake of yesterday’s Federal Reserve interest-rate increase. “My sense is that they will lag while we’re in a rate-hiking cycle, and right now we’re fairly clearly in a rate-hiking cycle,” says David Russell, global head of market strategy at TradeStation. There are a lot of arguments in favor of gold, in terms of central bank buying and an alternative to the dollar, but the current macro environment “is not in any way textbook favorable for gold and silver,” he adds. Front-month gold settles up 0.3% to $4,360.20 a troy ounce, and silver rises 1.8% to $65.47 a troy ounce. (anthony.harrupwsj.com)
1118 ET – Gold futures recover losses that followed the Fed’s rate hike as Treasury yields move lower and the dollar slips, while oil prices extend their pullback to a second day. “Gold is rangebound with two-way risk, but the large bull market we had seen earlier in the year is considered on pause for now,” Pepperstone strategist Ahmad ******* iri says in a note. The bull market could continue at some stage with underlying drivers such as central bank demand, macro uncertainty, and fiscal concerns, he says. But “the path of oil prices and their transmission into Fed policy remains the single most important variable from now till year-end.” The December contract is up 0.4% in New York at $4,404.90 a troy ounce. Silver rises 2.3% to $66.44 a troy ounce. (anthony.harrupwsj.com)
#Gold #york #futures
Listen
(3 min)
1443 ET – Precious metal futures settle higher in New York, recovering from a swoon in the wake of yesterday’s Federal Reserve interest-rate increase. “My sense is that they will lag while we’re in a rate-hiking cycle, and right now we’re fairly clearly in a rate-hiking cycle,” says David Russell, global head of market strategy at TradeStation. There are a lot of arguments in favor of gold, in terms of central bank buying and an alternative to the dollar, but the current macro environment “is not in any way textbook favorable for gold and silver,” he adds. Front-month gold settles up 0.3% to $4,360.20 a troy ounce, and silver rises 1.8% to $65.47 a troy ounce. (anthony.harrupwsj.com)
1118 ET – Gold futures recover losses that followed the Fed’s rate hike as Treasury yields move lower and the dollar slips, while oil prices extend their pullback to a second day. “Gold is rangebound with two-way risk, but the large bull market we had seen earlier in the year is considered on pause for now,” Pepperstone strategist Ahmad ******* iri says in a note. The bull market could continue at some stage with underlying drivers such as central bank demand, macro uncertainty, and fiscal concerns, he says. But “the path of oil prices and their transmission into Fed policy remains the single most important variable from now till year-end.” The December contract is up 0.4% in New York at $4,404.90 a troy ounce. Silver rises 2.3% to $66.44 a troy ounce. (anthony.harrupwsj.com)
#Gold #york #futures
4 hours ago
DANA POINT, California – Natalie Driessen drove down Beach Road on a mission, past neighbors whose houses fell into the sea and others now scrambling to prevent their property from collapsing next.
She had a video from March that she wanted everyone to see. When she spotted an Orange County supervisor outside what was left of one mangled kitchen and living room, Driessen pulled out her phone to play the clip of the California Coastal Commission — the powerful state agency tasked with preserving beaches — discussing a home in her gated community.
California beaches are considered public beyond a certain high tide line, the commissioners warned, and that waterline was rising. “I wonder,” one of the commissioners said, “how many years before I’m allowed to just pull up a chair — sit in their, you know, front deck porch and watch TV because it’s public land. … I don’t think we’re that far away from this, right?”
Storms and high tides — fueled by a near record-breaking El Niño — have battered the California coast in recent weeks, destroying homes and eroding beaches. The fallout has supercharged years-long tensions between the owners of coveted oceanfront property and the authorities they say aren’t doing enough to protect them.
The damage has intensified a bigger debate playing out around the coast: What can or should be done to save private property in the most vulnerable communities?
#years
She had a video from March that she wanted everyone to see. When she spotted an Orange County supervisor outside what was left of one mangled kitchen and living room, Driessen pulled out her phone to play the clip of the California Coastal Commission — the powerful state agency tasked with preserving beaches — discussing a home in her gated community.
California beaches are considered public beyond a certain high tide line, the commissioners warned, and that waterline was rising. “I wonder,” one of the commissioners said, “how many years before I’m allowed to just pull up a chair — sit in their, you know, front deck porch and watch TV because it’s public land. … I don’t think we’re that far away from this, right?”
Storms and high tides — fueled by a near record-breaking El Niño — have battered the California coast in recent weeks, destroying homes and eroding beaches. The fallout has supercharged years-long tensions between the owners of coveted oceanfront property and the authorities they say aren’t doing enough to protect them.
The damage has intensified a bigger debate playing out around the coast: What can or should be done to save private property in the most vulnerable communities?
#years
10 hours ago
Democrats' wary optimism about the midterms gave way to growing confidence this week.
The party has seen strong post-Labor Day polls in key battlegrounds - and even in traditionally red areas. Recent escalations in the war in Iran, including an attack on a major pipeline in Saudi Arabia, mean the rising gas prices bedeviling Republicans will not be going down anytime soon. Republicans have not been able to bring prices under control more generally. And President Donald Trump's unpopularity is at near-record levels.
Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post.
Considering all this, Democrats now think conditions are right for the party to retake control of the House and possibly the Senate later this year.
"If the election were held today, we would win the majority," Senate Minority Leader Chuck Schumer (New York) said in an interview with The Washington Post.
#labor
The party has seen strong post-Labor Day polls in key battlegrounds - and even in traditionally red areas. Recent escalations in the war in Iran, including an attack on a major pipeline in Saudi Arabia, mean the rising gas prices bedeviling Republicans will not be going down anytime soon. Republicans have not been able to bring prices under control more generally. And President Donald Trump's unpopularity is at near-record levels.
Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post.
Considering all this, Democrats now think conditions are right for the party to retake control of the House and possibly the Senate later this year.
"If the election were held today, we would win the majority," Senate Minority Leader Chuck Schumer (New York) said in an interview with The Washington Post.
#labor
11 hours ago
BILLINGS, Mont. (AP) — Killing endangered animals while logging a forest or building a dam would not be considered illegal unless the animals were specifically targeted, under a new interpretation of the Endangered Species Act by President Donald Trump's administration that marks a sea change in how the landmark environmental law is enforced.
A directive sent to U.S. Fish and Wildlife Service employees this week says imperiled animals or plants must be intentionally targeted for their killing to be considered illegal.
That's a sharp turnaround from past practice at the wildlife service, which historically held people liable even for accidentally harming protected species such as grizzly bears, manatees and spotted owls.
Experts said the change would allow timber companies to log forests in the Pacific Northwest even if they knew that doing so could kill imperiled birds nesting in the trees, or for developers to build a dam knowing it would kill salmon.
"This cuts against the entire history of the Endangered Species Act," said Dan Ashe, who led the Fish and Wildlife Service under former President Barack Obama.
#species #president #killing
A directive sent to U.S. Fish and Wildlife Service employees this week says imperiled animals or plants must be intentionally targeted for their killing to be considered illegal.
That's a sharp turnaround from past practice at the wildlife service, which historically held people liable even for accidentally harming protected species such as grizzly bears, manatees and spotted owls.
Experts said the change would allow timber companies to log forests in the Pacific Northwest even if they knew that doing so could kill imperiled birds nesting in the trees, or for developers to build a dam knowing it would kill salmon.
"This cuts against the entire history of the Endangered Species Act," said Dan Ashe, who led the Fish and Wildlife Service under former President Barack Obama.
#species #president #killing
11 hours ago
Updated on: September 17, 2026 / 11:45 PM EDT / CBS News
Matt Bell, 52, has been farming for more than half his life in central North Carolina. He grows soybeans, corn and wheat and raises beef cattle on more than 1,000 acres. But Bell, who voted for President Trump, says soaring prices for fuel, fertilizer, and equipment are hurting his farm and leading some of his fellow farmers to consider calling it quits once this growing season ends.
"I've done this 34 years. I have never worried and stressed like I have the last year," Bell told CBS News in an interview on Wednesday at his farm in Kings Mountain, North Carolina.
Bell has been forced to make significant changes to his operation as a result of the high costs. He's shifting some of his acreage, trying to stretch out the lifespan of his equipment and producing his own fertilizer. His children have also opened up a storefront where visitors can pick pumpkins and take hayrides in the fall. But Bell is still feeling the pinch.
"We've cut everything we can cut," he said. "The last several years in agriculture have been terrible, and we have, you know, just cut the fat anywhere we could. But we're just getting to the point now there's nothing left to cut. You cannot run without fuel. You cannot run without fertilizer. You have to have that."
#bell #fertilizer #fuel #years
Matt Bell, 52, has been farming for more than half his life in central North Carolina. He grows soybeans, corn and wheat and raises beef cattle on more than 1,000 acres. But Bell, who voted for President Trump, says soaring prices for fuel, fertilizer, and equipment are hurting his farm and leading some of his fellow farmers to consider calling it quits once this growing season ends.
"I've done this 34 years. I have never worried and stressed like I have the last year," Bell told CBS News in an interview on Wednesday at his farm in Kings Mountain, North Carolina.
Bell has been forced to make significant changes to his operation as a result of the high costs. He's shifting some of his acreage, trying to stretch out the lifespan of his equipment and producing his own fertilizer. His children have also opened up a storefront where visitors can pick pumpkins and take hayrides in the fall. But Bell is still feeling the pinch.
"We've cut everything we can cut," he said. "The last several years in agriculture have been terrible, and we have, you know, just cut the fat anywhere we could. But we're just getting to the point now there's nothing left to cut. You cannot run without fuel. You cannot run without fertilizer. You have to have that."
#bell #fertilizer #fuel #years
20 hours ago
The best time to refinance is when your credit score or overall financial situation has improved.
Generally, you should aim to either lower your interest rate or your monthly payment — preferably both.
Avoid refinancing when auto loan rates are high or if you won't be able to save money by switching lenders.
It makes sense to consider refinancing your auto loan if you can lower your interest rate and monthly payment. The refinancing process involves swapping your current loan for a new loan with different — and ideally better — terms.
However, refinancing is not always a wise financial move. If interest rates are high, or if you're close to paying off your loan, then it may make more sense to stick with your current lender. Knowing the ins and outs of when to refinance and when to wait will help you make the best decision for refinancing your auto loan.
#financial #lower
Generally, you should aim to either lower your interest rate or your monthly payment — preferably both.
Avoid refinancing when auto loan rates are high or if you won't be able to save money by switching lenders.
It makes sense to consider refinancing your auto loan if you can lower your interest rate and monthly payment. The refinancing process involves swapping your current loan for a new loan with different — and ideally better — terms.
However, refinancing is not always a wise financial move. If interest rates are high, or if you're close to paying off your loan, then it may make more sense to stick with your current lender. Knowing the ins and outs of when to refinance and when to wait will help you make the best decision for refinancing your auto loan.
#financial #lower
21 hours ago
The Williams Companies, Inc. (NYSE:WMB) lost a key New Jersey water-quality certification for Northeast Supply Enhancement, or NESE, after a September 8 federal appeals court ruling reported by Reuters on September 9. The Third Circuit vacated the certification and returned the matter to state regulators. The Williams Companies, Inc. (NYSE:WMB) said that, at this time, it did not expect the ruling to adversely affect construction or the anticipated in-service timeline.
The project, which Reuters described as costing approximately $1 billion, expands the existing Transco network through Pennsylvania, New Jersey and New York. The Williams Companies, Inc. (NYSE:WMB) continues to target fourth-quarter 2027 service. The investment question is whether the permit review can be resolved quickly enough to protect both that schedule and the economics of the investment.
The commercial rationale rests on delivering additional gas into a constrained market. The Williams Companies, Inc. (NYSE:WMB) says demand continues to grow in areas including Brooklyn, Queens, Staten Island and Long Island. Planned capacity of approximately 400,000 dekatherms per day would expand the system's ability to serve those markets.
NESE also builds on existing infrastructure. The Williams Companies, Inc. (NYSE:WMB) plans pipeline loops, compressor work, and connections to the Transco system. Those connections give the added capacity access to an established transportation network and regional delivery points, although substantial construction remains necessary.
The remand leaves a route for reconsideration by New Jersey regulators. For The Williams Companies, Inc. (NYSE:WMB), the favorable scenario is a replacement certification that addresses the court's findings without requiring substantial redesign or disrupting the construction sequence.
#williams #NYSE #jersey #construction
The project, which Reuters described as costing approximately $1 billion, expands the existing Transco network through Pennsylvania, New Jersey and New York. The Williams Companies, Inc. (NYSE:WMB) continues to target fourth-quarter 2027 service. The investment question is whether the permit review can be resolved quickly enough to protect both that schedule and the economics of the investment.
The commercial rationale rests on delivering additional gas into a constrained market. The Williams Companies, Inc. (NYSE:WMB) says demand continues to grow in areas including Brooklyn, Queens, Staten Island and Long Island. Planned capacity of approximately 400,000 dekatherms per day would expand the system's ability to serve those markets.
NESE also builds on existing infrastructure. The Williams Companies, Inc. (NYSE:WMB) plans pipeline loops, compressor work, and connections to the Transco system. Those connections give the added capacity access to an established transportation network and regional delivery points, although substantial construction remains necessary.
The remand leaves a route for reconsideration by New Jersey regulators. For The Williams Companies, Inc. (NYSE:WMB), the favorable scenario is a replacement certification that addresses the court's findings without requiring substantial redesign or disrupting the construction sequence.
#williams #NYSE #jersey #construction
22 hours ago
The broader benchmark S&P 500 (SNPINDEX:^GSPC) has seemingly hit a wall over the past month, down about 2.3%.
On the whole, the S&P 500 is still having a decent year, but considering the Iran war and high inflation expectations, among other concerns, it's not hard to see why investors and market strategists have grown concerned.
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 »
Recently, one of Wall Street's most bullish strategists trimmed his S&P 500 price target for the year.
Ed Yardeni of Yardeni Research recently slashed his forecast from 8,400 to 7,900, which suggests minimal upside in the final 3.5 months of the year, with the index already around 7,600. 8,400 had been the highest price target on the Street.
#yardeni #recently #price
On the whole, the S&P 500 is still having a decent year, but considering the Iran war and high inflation expectations, among other concerns, it's not hard to see why investors and market strategists have grown concerned.
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 »
Recently, one of Wall Street's most bullish strategists trimmed his S&P 500 price target for the year.
Ed Yardeni of Yardeni Research recently slashed his forecast from 8,400 to 7,900, which suggests minimal upside in the final 3.5 months of the year, with the index already around 7,600. 8,400 had been the highest price target on the Street.
#yardeni #recently #price
22 hours ago
Interested in Walmart Inc.? Here are five stocks we like better.
Target trades at roughly 15 times earnings with a 3% yield, presenting value relative to Walmart and Costco ahead of the holiday season.
Aggressive price cuts on over 10,000 items and October Deal Days discounts of up to 40% could drive market-beating Q3 and holiday results.
Dividend growth exceeding 50 years, buyback capacity, and heavy institutional ownership near 80% help limit downside risk into 2026.
Believe it or not, the holiday shopping season is here, so it's time to consider the best plays. As it stands, seasonal sales growth is expected to accelerate year over year to 4.55% to 4.8%, topping $1.7 trillion for the first time, underpinned as always by e-commerce. Digital sales are expected to top 8% seasonally and may outpace expectations as AI adoption accelerates. Hyperscalers, business services, and merchants are embedding AI throughout the digital retail stack, and it is resonating with consumers. An estimated 25% to 30% of shoppers say they will use AI this season for help with research, price comparisons, and budgeting.
#time
Target trades at roughly 15 times earnings with a 3% yield, presenting value relative to Walmart and Costco ahead of the holiday season.
Aggressive price cuts on over 10,000 items and October Deal Days discounts of up to 40% could drive market-beating Q3 and holiday results.
Dividend growth exceeding 50 years, buyback capacity, and heavy institutional ownership near 80% help limit downside risk into 2026.
Believe it or not, the holiday shopping season is here, so it's time to consider the best plays. As it stands, seasonal sales growth is expected to accelerate year over year to 4.55% to 4.8%, topping $1.7 trillion for the first time, underpinned as always by e-commerce. Digital sales are expected to top 8% seasonally and may outpace expectations as AI adoption accelerates. Hyperscalers, business services, and merchants are embedding AI throughout the digital retail stack, and it is resonating with consumers. An estimated 25% to 30% of shoppers say they will use AI this season for help with research, price comparisons, and budgeting.
#time
23 hours ago
Apple (NASDAQ:AAPL) is reportedly considering a big move that could reshape the company. The Information reported on Wednesday that the iPhone maker was considering developing its own artificial intelligence server, which would be Apple's first activity in the enterprise server market since 2011.
The proposal would combine Apple's custom silicon with networking technology supplied by Nvidia (NASDAQ:NVDA) to develop AI servers that could be offered with either two or four M8 Ultra chips, which are Apple's top-performing processors, and geared specifically for AI inference.
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 »
Such a move, the first major action under new CEO John Ternus, would signal that Apple is ready to invest in AI architecture to use its custom-made chips in products beyond its consumer devices, which would be a significant shift in company strategy.
Image source: Getty Images.
#flashing
The proposal would combine Apple's custom silicon with networking technology supplied by Nvidia (NASDAQ:NVDA) to develop AI servers that could be offered with either two or four M8 Ultra chips, which are Apple's top-performing processors, and geared specifically for AI inference.
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 »
Such a move, the first major action under new CEO John Ternus, would signal that Apple is ready to invest in AI architecture to use its custom-made chips in products beyond its consumer devices, which would be a significant shift in company strategy.
Image source: Getty Images.
#flashing
24 hours ago
Wall Street has spent years obsessing over when the Federal Reserve will lower interest rates, but billionaire investor Stanley Druckenmiller thinks investors may be asking the wrong question.
The senior macro investor argues that U.S. interest rates are already too low and that future rate cuts aren't essential, according to the Financial Times.
His argument comes at a critical period.
Treasury bonds have been under selling pressure amid inflation fears, growing U.S. public debt, and considerable bond issuance by artificial intelligence startups, CNBC noted. And it puts the focus of market chatter back on borrowing rates.
Druckenmiller's warning came at a Piper Sandler conference in New York, where he also targeted Federal Reserve officials who say current monetary policy is restrictive.
#reserve
The senior macro investor argues that U.S. interest rates are already too low and that future rate cuts aren't essential, according to the Financial Times.
His argument comes at a critical period.
Treasury bonds have been under selling pressure amid inflation fears, growing U.S. public debt, and considerable bond issuance by artificial intelligence startups, CNBC noted. And it puts the focus of market chatter back on borrowing rates.
Druckenmiller's warning came at a Piper Sandler conference in New York, where he also targeted Federal Reserve officials who say current monetary policy is restrictive.
#reserve
24 hours ago
Investors continue to ask for more timely information, even as the volume available to them expands. A 2026 CFA Institute survey of 2,500 **** ysts and portfolio managers found that 62% opposed replacing quarterly reporting with semiannual reporting. Nearly 85% expressed concern about comparability if companies and investment managers could determine their own reporting frequency and format. Access remains important, while interpretation requires a separate discipline.
The demand also concerns the quality of disclosure. PwC's 2025 Global Investor Survey, covering 1,074 investment professionals across 26 countries and territories, found that only 37% believed companies disclosed enough about artificial intelligence strategies and policies. Respondents wanted greater transparency around innovation strategies, AI investment, and expected returns. These findings suggest that investors can face abundant commentary while still lacking the evidence needed to **** s a thesis.
Commercial incentives add another layer. A 2025 CFA Institute report examined continuation funds, in which a manager can oversee both the vehicle selling an **** et and the vehicle buying it. The report recognized the structure's liquidity role and identified conflicts requiring fair processes and governance. The example illustrates why informed **** ysis and aligned incentives are separate considerations.
That distinction applies beyond any single investment structure. Managers often possess valuable operational knowledge because they work directly with **** ets, tenants and financing markets. They may also be raising capital for the strategies they discuss. Their commercial interest becomes additional context for investors weighing forecasts, market narratives and recommendations alongside independently produced evidence. That context can help an investment committee separate a source's knowledge of the market from the confidence it should place in the source's preferred outcome during capital allocation.
Geoffrey Dohrmann, chairman, CEO and editor-in-chief of Institutional Real Estate, Inc., has watched those narratives develop across several market cycles. IREI is a media and market intelligence company covering institutional real estate and infrastructure through publications, research, data, events and consulting. Dohrmann explains its editorial role as independently recording where real-asset capital is moving and examining the explanations offered for those decisions.
#real #institute
The demand also concerns the quality of disclosure. PwC's 2025 Global Investor Survey, covering 1,074 investment professionals across 26 countries and territories, found that only 37% believed companies disclosed enough about artificial intelligence strategies and policies. Respondents wanted greater transparency around innovation strategies, AI investment, and expected returns. These findings suggest that investors can face abundant commentary while still lacking the evidence needed to **** s a thesis.
Commercial incentives add another layer. A 2025 CFA Institute report examined continuation funds, in which a manager can oversee both the vehicle selling an **** et and the vehicle buying it. The report recognized the structure's liquidity role and identified conflicts requiring fair processes and governance. The example illustrates why informed **** ysis and aligned incentives are separate considerations.
That distinction applies beyond any single investment structure. Managers often possess valuable operational knowledge because they work directly with **** ets, tenants and financing markets. They may also be raising capital for the strategies they discuss. Their commercial interest becomes additional context for investors weighing forecasts, market narratives and recommendations alongside independently produced evidence. That context can help an investment committee separate a source's knowledge of the market from the confidence it should place in the source's preferred outcome during capital allocation.
Geoffrey Dohrmann, chairman, CEO and editor-in-chief of Institutional Real Estate, Inc., has watched those narratives develop across several market cycles. IREI is a media and market intelligence company covering institutional real estate and infrastructure through publications, research, data, events and consulting. Dohrmann explains its editorial role as independently recording where real-asset capital is moving and examining the explanations offered for those decisions.
#real #institute
1 day ago
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter.
Business executives consider artificial intelligence a leading tool for decision-making, with 61% citing large language models such as ChatGPT, Claude, Gemini and Copilot among the sources that most influence their strategic decisions, AI enterprise planning platform Board said in a report released Wednesday.
The finding was most ***** ounced among CFOs, with 69% citing LLMs among the resources that inform their decisions, compared with 58% of chief operating officers and 56% of chief information officers.
"CFOs, by nature, are typically a little bit more conservative and skeptical, so I think what this shows is that the AI wave is so strong that it can't be ignored," Board CFO Gordon Pothier said in an interview.
The findings come just a few years after ChatGPT burst onto the market, highlighting how quickly advanced AI tools have reshaped the way businesses operate and make decisions.
#decisions #daily #officers #business
Business executives consider artificial intelligence a leading tool for decision-making, with 61% citing large language models such as ChatGPT, Claude, Gemini and Copilot among the sources that most influence their strategic decisions, AI enterprise planning platform Board said in a report released Wednesday.
The finding was most ***** ounced among CFOs, with 69% citing LLMs among the resources that inform their decisions, compared with 58% of chief operating officers and 56% of chief information officers.
"CFOs, by nature, are typically a little bit more conservative and skeptical, so I think what this shows is that the AI wave is so strong that it can't be ignored," Board CFO Gordon Pothier said in an interview.
The findings come just a few years after ChatGPT burst onto the market, highlighting how quickly advanced AI tools have reshaped the way businesses operate and make decisions.
#decisions #daily #officers #business
1 day ago
With a market cap of $48 billion, Entergy Corporation (ETR) is an energy company that generates, transmits, and distributes electricity to millions of customers across Arkansas, Louisiana, Mississippi, and Texas. The company focuses on providing reliable and affordable energy while investing in a more resilient and cleaner energy system through natural gas, nuclear, and renewable generation.
Companies valued at $10 billion or more are generally considered "large-cap" stocks, and Entergy fits this criterion perfectly. Entergy also contributes to the communities it serves through philanthropy, volunteerism, and advocacy, reinforcing its commitment to sustainability and corporate citizenship.
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#energy #company
Companies valued at $10 billion or more are generally considered "large-cap" stocks, and Entergy fits this criterion perfectly. Entergy also contributes to the communities it serves through philanthropy, volunteerism, and advocacy, reinforcing its commitment to sustainability and corporate citizenship.
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#energy #company
1 day ago
With a market cap of $16.7 billion, NVR, Inc. (NVR) is a leading company operating through two primary business segments: homebuilding and mortgage banking. Its homebuilding segment constructs and sells homes under the Ryan Homes, NVHomes, and Heartland Homes brands.
Companies valued at $10 billion or more are generally considered "large-cap" stocks, and NVR fits this criterion perfectly. The company serves customers across 37 metropolitan areas in 16 states and Washington, D.C.
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#Companies
Companies valued at $10 billion or more are generally considered "large-cap" stocks, and NVR fits this criterion perfectly. The company serves customers across 37 metropolitan areas in 16 states and Washington, D.C.
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#Companies
1 day ago
By Michael S. Derby
Sept 16 (Reuters) - Surging government bond yields are raising credit costs across the U.S. economy and could factor into Federal Reserve monetary policy deliberations, but ***** ysts see the central bank resisting any explicit call from the Trump administration to bail out the market.
The focus on the Fed's possible involvement comes as Treasury Secretary Scott Bessent has taken an unusually activist role in trying to tamp down rising yields he considers to be misaligned with the U.S. economic outlook.
Bessent's campaign, which saw the expansion of a key debt buyback operation last week, is foundering, as the 10-year Treasury note rose above 5% to its highest since 2007. He shrugged the move off as owing to "global issues" on Tuesday as he arrived for a congressional hearing.
Treasury's bond market travails are raising questions whether the Fed might be requested to buy government debt to reduce supply, which could cap or lower yields, in turn easing government and private sector borrowing costs.
#government #treasury #bond #debt
Sept 16 (Reuters) - Surging government bond yields are raising credit costs across the U.S. economy and could factor into Federal Reserve monetary policy deliberations, but ***** ysts see the central bank resisting any explicit call from the Trump administration to bail out the market.
The focus on the Fed's possible involvement comes as Treasury Secretary Scott Bessent has taken an unusually activist role in trying to tamp down rising yields he considers to be misaligned with the U.S. economic outlook.
Bessent's campaign, which saw the expansion of a key debt buyback operation last week, is foundering, as the 10-year Treasury note rose above 5% to its highest since 2007. He shrugged the move off as owing to "global issues" on Tuesday as he arrived for a congressional hearing.
Treasury's bond market travails are raising questions whether the Fed might be requested to buy government debt to reduce supply, which could cap or lower yields, in turn easing government and private sector borrowing costs.
#government #treasury #bond #debt
1 day ago
With the market coming into a seasonally weak time of year, Bear Call Spreads could be an interesting trade to consider.
A bear call spread is a type of vertical spread, meaning that two options within the same expiry month are being traded.
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Unusual Out-of-the-Money Put Option Volume in Amazon Shows Investors Bullish on AMZN
#spread #option #bear #call
A bear call spread is a type of vertical spread, meaning that two options within the same expiry month are being traded.
Adobe Stock is Dirt Cheap After Its Recent Results - What's the Best Way to Play ADBE?
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Unusual Out-of-the-Money Put Option Volume in Amazon Shows Investors Bullish on AMZN
#spread #option #bear #call
2 days ago
The House of Representatives on Tuesday passed a bipartisan bill aimed at shielding Americans from increased electricity costs **** ociated with data centers being built across the country.
The Ratepayer Protection Act, which passed with an overwhelming 417-3 majority, "ensures American families are not left footing the bill for the grid upgrades and new energy generation required to operate large data centers," Republican Rep. Gabe Evans, one of the bill's sponsors, said ahead of the vote.
The bill now moves to the Senate, where its prospects of passing are uncertain.
The Ratepayer Protection Act is the first major piece of legislation taken up by Congress to address the growing public discontent over the mass buildout of data centers among the American public. Even if it passes, though, it won't directly set the rates that data center operators pay for their electricity.
Congress doesn't have the power to compel utilities to set higher rates for the facilities. Only states have that authority. What the Ratepayer Protection Act would do is compel state utility regulators to consider adopting a federal standard under which large data centers would cover the extra costs of upgrades. The bill is comparable to a proclamation signed by President Trump earlier this year that established a similar voluntary pledge for tech companies.
#passed
The Ratepayer Protection Act, which passed with an overwhelming 417-3 majority, "ensures American families are not left footing the bill for the grid upgrades and new energy generation required to operate large data centers," Republican Rep. Gabe Evans, one of the bill's sponsors, said ahead of the vote.
The bill now moves to the Senate, where its prospects of passing are uncertain.
The Ratepayer Protection Act is the first major piece of legislation taken up by Congress to address the growing public discontent over the mass buildout of data centers among the American public. Even if it passes, though, it won't directly set the rates that data center operators pay for their electricity.
Congress doesn't have the power to compel utilities to set higher rates for the facilities. Only states have that authority. What the Ratepayer Protection Act would do is compel state utility regulators to consider adopting a federal standard under which large data centers would cover the extra costs of upgrades. The bill is comparable to a proclamation signed by President Trump earlier this year that established a similar voluntary pledge for tech companies.
#passed
2 days ago
When a caller inquired about SoFi Technologies, Inc. (NASDAQ:SOFI) during the September 10 episode of Mad Money, Jim Cramer commented:
Well, you know, it's a financial tech. It's a bank, but let's put it this way: It's doing as well as it can, but it has a very high price-to-earnings multiple versus the others in its cohort. So, it's going to mark time until the earnings continue to go up. I do like the company. I like the management. I wouldn't mind you owning it for the long term.
SoFi Technologies, Inc. (NASDAQ:SOFI) reported record second-quarter adjusted net revenue of $1.2 billion, up 40% year over year, while GAAP net income rose 61% to $156.6 million. Adjusted EBITDA increased 44% to $358 million. Loan originations reached a record $14.8 billion, while members increased 35% to 15.8 million and deposits reached $45.5 billion. Moreover, at the September 8 Goldman Sachs conference, CFO Chris Lapointe said SoFi generated approximately 40% year-over-year revenue growth in each of the first two quarters and approximately 30% adjusted EBITDA margins. He also said the company had outpaced the Rule of 40 for 20 consecutive quarters. Additionally, the company raised its 2026 adjusted net revenue outlook to $4.75 billion to $4.85 billion but maintained its adjusted EPS outlook at $0.60.
A concern is that SoFi Technologies, Inc.'s (NASDAQ:SOFI) earnings growth may not be sufficient to justify the multiple investors are paying. SoFi is trading at a premium valuation compared to its traditional banking peers, with Yahoo Finance's latest data showing a trailing P/E of 35.12 and a forward P/E of 21.51. That valuation leaves the shares sensitive to a slowdown in earnings growth. Credit performance is another important consideration as SoFi expands its lending business. For the six months ended June 30, total net charge-offs were $406.1 million, up $77.2 million from the prior-year period, while the total net charge-off ratio declined to 1.91% from 2.24%. The increase in charge-offs was driven primarily by higher personal-loan net charge-offs and student-loan net charge-offs, reflecting growth in average loans.
According to Insider Monkey, which tracks more than 1,000 hedge funds, 44 hedge funds held SoFi in Q2, down from 47 in Q1. Its short interest stood at about 14% to 15% of the float. SoFi Technologies, Inc.'s (NASDAQ:SOFI) growth and improving profitability give Cramer's long-term view a fundamental basis, but its valuation still leaves the stock dependent on continued earnings growth. The company's ability to turn strong revenue and loan growth into higher earnings will remain important to the stock's valuation.
#earnings #adjusted #million #charge
Well, you know, it's a financial tech. It's a bank, but let's put it this way: It's doing as well as it can, but it has a very high price-to-earnings multiple versus the others in its cohort. So, it's going to mark time until the earnings continue to go up. I do like the company. I like the management. I wouldn't mind you owning it for the long term.
SoFi Technologies, Inc. (NASDAQ:SOFI) reported record second-quarter adjusted net revenue of $1.2 billion, up 40% year over year, while GAAP net income rose 61% to $156.6 million. Adjusted EBITDA increased 44% to $358 million. Loan originations reached a record $14.8 billion, while members increased 35% to 15.8 million and deposits reached $45.5 billion. Moreover, at the September 8 Goldman Sachs conference, CFO Chris Lapointe said SoFi generated approximately 40% year-over-year revenue growth in each of the first two quarters and approximately 30% adjusted EBITDA margins. He also said the company had outpaced the Rule of 40 for 20 consecutive quarters. Additionally, the company raised its 2026 adjusted net revenue outlook to $4.75 billion to $4.85 billion but maintained its adjusted EPS outlook at $0.60.
A concern is that SoFi Technologies, Inc.'s (NASDAQ:SOFI) earnings growth may not be sufficient to justify the multiple investors are paying. SoFi is trading at a premium valuation compared to its traditional banking peers, with Yahoo Finance's latest data showing a trailing P/E of 35.12 and a forward P/E of 21.51. That valuation leaves the shares sensitive to a slowdown in earnings growth. Credit performance is another important consideration as SoFi expands its lending business. For the six months ended June 30, total net charge-offs were $406.1 million, up $77.2 million from the prior-year period, while the total net charge-off ratio declined to 1.91% from 2.24%. The increase in charge-offs was driven primarily by higher personal-loan net charge-offs and student-loan net charge-offs, reflecting growth in average loans.
According to Insider Monkey, which tracks more than 1,000 hedge funds, 44 hedge funds held SoFi in Q2, down from 47 in Q1. Its short interest stood at about 14% to 15% of the float. SoFi Technologies, Inc.'s (NASDAQ:SOFI) growth and improving profitability give Cramer's long-term view a fundamental basis, but its valuation still leaves the stock dependent on continued earnings growth. The company's ability to turn strong revenue and loan growth into higher earnings will remain important to the stock's valuation.
#earnings #adjusted #million #charge
2 days ago
Vince Holding (VNCE) jumped 46% on Monday after reporting healthy Q2 2026 earnings. The move pushed the apparel brand's share price further out of penny-stock territory, making it the 14th-highest bullish price surprise of the day.
If you're an aggressive investor, it can't hurt to consider the stock, even though it's up 178% over the past year.
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#vnce #goldman #expects #chair
If you're an aggressive investor, it can't hurt to consider the stock, even though it's up 178% over the past year.
Goldman Sachs Expects Fed Chair Kevin Warsh to Raise Rates This Week — But Not Because of Oil Prices.
Billionaire Charlie Munger, Who Died at 99, Skipped Insurance on His Mansion Since He Could Just Write a Check to Rebuild — 'All Intelligent People Do It My Way'
The EV Bubble Has Burst. How to Play Rivian Stock Now.
#vnce #goldman #expects #chair
2 days ago
European Commission President Ursula von der Leyen proposed Wednesday that Canada become the bloc’s first “associate member,” provoking a fresh tariff threat from US President Donald Trump.
The move is aimed at shoring up their economies in the face of increasing trade tensions with the United States. But Trump said Wednesday the US could put “heavy tariffs” on the European Union if he considers any new agreement with Canada to be a “hostile act.”
“If it’s a good intention, that’s fine. If it’s a bad intention, we’ll put very heavy tariffs on Europe, which is a possibility,” he told reporters.
#ursula
The move is aimed at shoring up their economies in the face of increasing trade tensions with the United States. But Trump said Wednesday the US could put “heavy tariffs” on the European Union if he considers any new agreement with Canada to be a “hostile act.”
“If it’s a good intention, that’s fine. If it’s a bad intention, we’ll put very heavy tariffs on Europe, which is a possibility,” he told reporters.
#ursula
2 days ago
In some markets, it costs less to rent than to buy — by a lot. And it could be a great way to save a ton of money during your retirement years.
Mortgage and financial consultant Cody Schuiteboer of Best Interest Financial said many retirees never even consider renting as a serious option.
"There is an unshakeable mentality that buying is always the right choice, but the opposite is often true in retirement," he said. "If renting is actually cheaper in that market, renting lets retirees stretch their nest egg further."
MoneyLion ran the rent-versus-ownership numbers in the top retirement destinations along the East Coast and found the cities offering the greatest savings to renters. The homeownership numbers ****** umed a 10% down payment and a 6.53% interest rate, using average home price and rent numbers from Zillow.
Best of all, the following retirement hubs all have a total monthly expenditure cost under $4,000 according to BLS data, and adults over 65 make up at least 20% of the population.
#rent
Mortgage and financial consultant Cody Schuiteboer of Best Interest Financial said many retirees never even consider renting as a serious option.
"There is an unshakeable mentality that buying is always the right choice, but the opposite is often true in retirement," he said. "If renting is actually cheaper in that market, renting lets retirees stretch their nest egg further."
MoneyLion ran the rent-versus-ownership numbers in the top retirement destinations along the East Coast and found the cities offering the greatest savings to renters. The homeownership numbers ****** umed a 10% down payment and a 6.53% interest rate, using average home price and rent numbers from Zillow.
Best of all, the following retirement hubs all have a total monthly expenditure cost under $4,000 according to BLS data, and adults over 65 make up at least 20% of the population.
#rent
2 days ago
On September 9, American Eagle Outfitters Inc. (NYSE:AEO) revealed results for its fiscal 2026 second quarter. The company achieved an 8% year-over-year topline growth with net revenue figures of $1.38 billion. The second quarter operating profit jumped up to $211 million compared to $103 million during the same period last year. As a result, diluted earnings per share for the quarter stood at $0.79 in comparison with $0.45 for Q2 FY25. This led to a $21 million distribution to shareholders with a dividend payout of $0.125 per share.
Africa Studio/Shutterstock.com
A resilient performance during the second quarter was primarily driven by robust momentum within the Aerie sub-brand and OFFLINE collection. There was a 6% year-over-year growth in company-wide comparable sales, whereas the Aerie's comparable sales picked up by 19%. Total gross profit for the quarter reached $672 million, which shows a 34% increase against $500 million for Q2 FY25. This pushed Q2 gross margins to 48.7%, a jump of 980 basis points relative to the previous year's quarter, despite 330 basis points deleveraging across the merchandise margins. Compared to an 8% operating margin in Q2 FY25, the company posted 15.3% margin in the recent period.
Even with a slight dip in comparable sales, the American Eagle brand also exhibited some encouraging signs. It posted sequential gains from the previous quarter, which marks the fourth consecutive quarter of expansion across menswear.
Results for the reported period were bolstered by $196 million in International Emergency Economic Powers Act (IEEPA) tariff refunds, which also included interest payments. This resulted in an additional $35 million in incentive compensation set aside by the company, which affected both gross profit and SG&A. After taking these additional expenses into consideration, the overall operating income gains related to tariff refunds amounted to $161 million.
#comparable
Africa Studio/Shutterstock.com
A resilient performance during the second quarter was primarily driven by robust momentum within the Aerie sub-brand and OFFLINE collection. There was a 6% year-over-year growth in company-wide comparable sales, whereas the Aerie's comparable sales picked up by 19%. Total gross profit for the quarter reached $672 million, which shows a 34% increase against $500 million for Q2 FY25. This pushed Q2 gross margins to 48.7%, a jump of 980 basis points relative to the previous year's quarter, despite 330 basis points deleveraging across the merchandise margins. Compared to an 8% operating margin in Q2 FY25, the company posted 15.3% margin in the recent period.
Even with a slight dip in comparable sales, the American Eagle brand also exhibited some encouraging signs. It posted sequential gains from the previous quarter, which marks the fourth consecutive quarter of expansion across menswear.
Results for the reported period were bolstered by $196 million in International Emergency Economic Powers Act (IEEPA) tariff refunds, which also included interest payments. This resulted in an additional $35 million in incentive compensation set aside by the company, which affected both gross profit and SG&A. After taking these additional expenses into consideration, the overall operating income gains related to tariff refunds amounted to $161 million.
#comparable
2 days ago
The House Ways and Means Committee will consider legislation Wednesday that would exempt some crypto transaction fees from capital-gains calculations and apply new federal tax rules to stablecoins, staking, mining and digital ***** et trading.
Committee Chairman Jason Smith, R-Mo., introduced the 114-page Digital ***** et Tax Certainty Act, or H.R. 10357. The committee has scheduled its markup for 10 a.m. Eastern on Sept. 16.
During a markup, committee members debate a bill, propose amendments, and decide whether to advance it to the full House.
The legislation would create a "de minimis" exemption for qualifying network or transaction fees of $10 or less. De minimis refers to an amount considered too small to require standard tax treatment.
Paying a blockchain fee with crypto can create a taxable event because the IRS treats digital ***** ets as property. The exemption would allow taxpayers to disregard gains or losses on eligible fees.
#committee #digital #asset
Committee Chairman Jason Smith, R-Mo., introduced the 114-page Digital ***** et Tax Certainty Act, or H.R. 10357. The committee has scheduled its markup for 10 a.m. Eastern on Sept. 16.
During a markup, committee members debate a bill, propose amendments, and decide whether to advance it to the full House.
The legislation would create a "de minimis" exemption for qualifying network or transaction fees of $10 or less. De minimis refers to an amount considered too small to require standard tax treatment.
Paying a blockchain fee with crypto can create a taxable event because the IRS treats digital ***** ets as property. The exemption would allow taxpayers to disregard gains or losses on eligible fees.
#committee #digital #asset
