5 days ago
Anthropic's initial public offering (IPO) appears to be on pace to take place in late October or early November. Right now, it is difficult for retail investors to get a stake in the artificial intelligence (AI) giant, which is one of the fastest-growing businesses in the world.
But there is an investment you could make that would get you sizable indirect exposure to Anthropic ahead of its listing. Zoom Communications (NASDAQ: ZM), the leading cloud video conferencing company, bought a stake in Anthropic back in May 2023, and that investment could now be worth billions.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ***** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Let's see whether that makes Zoom stock a buy right now.
Zoom made a $51 million investment in Anthropic in May 2023, and that has turned out to be one of the smartest decisions the company has ever made (maybe even smarter than its choice to go public right before the pandemic).
#investment #missed
But there is an investment you could make that would get you sizable indirect exposure to Anthropic ahead of its listing. Zoom Communications (NASDAQ: ZM), the leading cloud video conferencing company, bought a stake in Anthropic back in May 2023, and that investment could now be worth billions.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ***** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Let's see whether that makes Zoom stock a buy right now.
Zoom made a $51 million investment in Anthropic in May 2023, and that has turned out to be one of the smartest decisions the company has ever made (maybe even smarter than its choice to go public right before the pandemic).
#investment #missed
6 days ago
Federal Reserve Chair Kevin Warsh has revealed himself. If not a card-carrying monetarist, he is at least a camp follower. This represents a dramatic change at the Fed, where the past Chairman Jerome Powell repeatedly rejected the basic tenets of monetarism.
This is a welcomed earthquake. After all, there are almost no monetarists left in the world (except for us, and we've been fighting a lonely rearguard action for over 40 years). The Federal Reserve has rejected monetarism consistently — and on the record — because it preferred other models for understanding the economy. In academia, monetarism has been out of fashion for decades. But by his own words, a monetarist is now leading the central bank.
Just what is monetarism? It's a doctrine which holds that money has a major influence on both the level of ***** et prices, economic activity, and the price level. Any discussion of national income determination must, therefore, center on the quantity of money and the banking system, since banks produce most of the money in modern economies. When it comes to monetary policy, its objectives are best met by targeting the rate of growth of the money supply.
Today, most economists pooh-pooh monetarism. Money and banking are nowhere to be found in their macroeconomic models, or their discourses about the course of ***** et prices, economic activity, and prices. Indeed, their forecasting exercises are typically based on elaborations of Keynesian income-expenditure models that exclude money and banking.
If that's not enough, we think that the Fed's backroom staff, mostly Keynesian-leaning Democrats, don't want alignment with a philosophy usually affiliated with Milton Friedman, but that's another story. Just look at what Joe Biden said in 2020 about how the dean of monetarism wasn't "running the show anymore."
#monetarist
This is a welcomed earthquake. After all, there are almost no monetarists left in the world (except for us, and we've been fighting a lonely rearguard action for over 40 years). The Federal Reserve has rejected monetarism consistently — and on the record — because it preferred other models for understanding the economy. In academia, monetarism has been out of fashion for decades. But by his own words, a monetarist is now leading the central bank.
Just what is monetarism? It's a doctrine which holds that money has a major influence on both the level of ***** et prices, economic activity, and the price level. Any discussion of national income determination must, therefore, center on the quantity of money and the banking system, since banks produce most of the money in modern economies. When it comes to monetary policy, its objectives are best met by targeting the rate of growth of the money supply.
Today, most economists pooh-pooh monetarism. Money and banking are nowhere to be found in their macroeconomic models, or their discourses about the course of ***** et prices, economic activity, and prices. Indeed, their forecasting exercises are typically based on elaborations of Keynesian income-expenditure models that exclude money and banking.
If that's not enough, we think that the Fed's backroom staff, mostly Keynesian-leaning Democrats, don't want alignment with a philosophy usually affiliated with Milton Friedman, but that's another story. Just look at what Joe Biden said in 2020 about how the dean of monetarism wasn't "running the show anymore."
#monetarist
6 days ago
AI companies Anthropic, OpenAI, ***** e XAI and Google are being sued over alleged collusion as pressure mounts to slow the rapid development of AI.
The complaint, filed Friday in the U.S. District Court for the Northern District of California, points to a recent proposal from Anthropic CEO Dario Amodei, who called for “industry-wide coordination” to “pace the frontier” as concerns mount over the risks posed by increasingly powerful AI.
“We must slow the ***** e in which we improve the capabilities of AI models,” Amodei wrote in a Sept. 12 essay.
The plaintiffs allege that OpenAI CEO Sam Altman, ***** eXAI founder Elon Musk and Google DeepMind co-founder Demis Hassabis made an illegal business agreement among competitors by agreeing to slow the development of their AI systems, violating federal antitrust law.
Within hours of Amodei publishing his essay, Musk responded, saying “Dario is right,” while Altman also said he agreed with Amodei. Hassabis called the proposal “the right path forward,” according to the complaint.
#amodei
The complaint, filed Friday in the U.S. District Court for the Northern District of California, points to a recent proposal from Anthropic CEO Dario Amodei, who called for “industry-wide coordination” to “pace the frontier” as concerns mount over the risks posed by increasingly powerful AI.
“We must slow the ***** e in which we improve the capabilities of AI models,” Amodei wrote in a Sept. 12 essay.
The plaintiffs allege that OpenAI CEO Sam Altman, ***** eXAI founder Elon Musk and Google DeepMind co-founder Demis Hassabis made an illegal business agreement among competitors by agreeing to slow the development of their AI systems, violating federal antitrust law.
Within hours of Amodei publishing his essay, Musk responded, saying “Dario is right,” while Altman also said he agreed with Amodei. Hassabis called the proposal “the right path forward,” according to the complaint.
#amodei
7 days ago
If you are looking for reliable high yields in the energy sector, Energy Transfer (NYSE: ET) is likely to be high up on the list of options. And Wall Street really likes the stock, with 19 of the 21 ***** ysts covering it rating it a buy or strong buy. And yet, I just can't get myself to buy it, instead owning lower-yielding Enbridge (NYSE: ENB). Here's why Energy Transfer's 6.3% yield, despite distribution coverage of 2.2x, isn't enough to get me to buy it.
Before getting to Energy Transfer, I want to highlight some facts about Enbridge, the North American pipeline giant I actually bought. For starters, Enbridge's yield is 5.8%, roughly half a percentage point lower. That's a big difference, as buying Energy Transfer would increase my income stream by nearly 9%.
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 »
I can totally understand where a dividend investor would buy Energy Transfer for the added yield. But there's a big difference when you consider dividend history. Enbridge has increased its dividend annually for 31 consecutive years. Energy Transfer cut its distribution in 2020 during the COVID pandemic, right when most investors would probably have preferred dividend consistency. To Energy Transfer's credit, it lived up to its promise at the time to reduce leverage and return to distribution growth. In fact, the distribution is now above its level prior to the cut. And the cut was probably the right decision to make for the business.
But that distribution cut was a hit for unitholders. And it comes after another questionable situation back during the 1996 energy market downturn. At that point, Energy Transfer agreed to buy peer Williams (NYSE: WMB), but got cold feet. In an effort to scuttle the deal, Energy Transfer issued convertibles that appeared to protect insiders from a dividend cut, if one were made. The Williams deal was canceled, and the convertibles never became an issue, but it raised material trust issues for me.
#distribution #Dividend #yield
Before getting to Energy Transfer, I want to highlight some facts about Enbridge, the North American pipeline giant I actually bought. For starters, Enbridge's yield is 5.8%, roughly half a percentage point lower. That's a big difference, as buying Energy Transfer would increase my income stream by nearly 9%.
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 »
I can totally understand where a dividend investor would buy Energy Transfer for the added yield. But there's a big difference when you consider dividend history. Enbridge has increased its dividend annually for 31 consecutive years. Energy Transfer cut its distribution in 2020 during the COVID pandemic, right when most investors would probably have preferred dividend consistency. To Energy Transfer's credit, it lived up to its promise at the time to reduce leverage and return to distribution growth. In fact, the distribution is now above its level prior to the cut. And the cut was probably the right decision to make for the business.
But that distribution cut was a hit for unitholders. And it comes after another questionable situation back during the 1996 energy market downturn. At that point, Energy Transfer agreed to buy peer Williams (NYSE: WMB), but got cold feet. In an effort to scuttle the deal, Energy Transfer issued convertibles that appeared to protect insiders from a dividend cut, if one were made. The Williams deal was canceled, and the convertibles never became an issue, but it raised material trust issues for me.
#distribution #Dividend #yield
8 days ago
The Federal Reserve voted to raise interest rates by 25 basis points on Wednesday to a range of 3.75%-4% amid persistently high inflation. The decision was unanimous.
The median Fed official expects one more rate hike this year, according to the central bank's Summary of Economic Projections, also known as the dot plot.
The move was the Fed's first increase in the fed funds rate since 2023, when the Jerome Powell-led central bank concluded its post-pandemic hiking campaign. It was also largely priced in by the market, even as Federal Reserve Chairman Kevin Warsh has been adamant about not providing markets with forward guidance.
Read more: How the Fed rate decision affects your bank accounts, loans, credit cards, and investments
Stocks were little changed when the decision was first announced but turned lower during Warsh's brief press conference.
#rate
The median Fed official expects one more rate hike this year, according to the central bank's Summary of Economic Projections, also known as the dot plot.
The move was the Fed's first increase in the fed funds rate since 2023, when the Jerome Powell-led central bank concluded its post-pandemic hiking campaign. It was also largely priced in by the market, even as Federal Reserve Chairman Kevin Warsh has been adamant about not providing markets with forward guidance.
Read more: How the Fed rate decision affects your bank accounts, loans, credit cards, and investments
Stocks were little changed when the decision was first announced but turned lower during Warsh's brief press conference.
#rate
9 days ago
Fed Chair Kevin Warsh used his Aug. 28 keynote speech at Jackson Hole to drive home the point that inflation is broader than the headline rate suggests, speaking directly to the everyday experiences of a rising price level that most people have been having for a while now. Specifically, Warsh said 54% of the 199 items in the personal consumption expenditures (PCE) price index, which is the Fed's preferred inflation gauge, had risen by more than 3% in the 12 months through summer 2026, versus 32% of those items in the two decades before the pandemic.
That's a bit of an awkward situation for the companies that make up the S&P 500 (SNPINDEX: ^GSPC), whose stellar growth in 2026 has been built on profits that are much higher than average. In short, the next thing the market will need to deal with is, in all probability, a Federal Reserve that's keen on making businesses pay more for each dollar of borrowing, which could in turn end up leading to investors paying less for each dollar of profit ***** ociated with the ***** ets they buy.
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 »
Here's how that could unfold, and soon.
After the Sept. 11 inflation report showed that consumer prices are still rising at a faster-than-desired pace, the odds of a rate hike by the Fed at its meeting on Sept. 16 were 90%, per the CME FedWatch. Warsh also said in his speech that he'd struggle to call the current set of financial conditions restrictive. That obviously means that investors need to brace for higher rates.
#inflation
That's a bit of an awkward situation for the companies that make up the S&P 500 (SNPINDEX: ^GSPC), whose stellar growth in 2026 has been built on profits that are much higher than average. In short, the next thing the market will need to deal with is, in all probability, a Federal Reserve that's keen on making businesses pay more for each dollar of borrowing, which could in turn end up leading to investors paying less for each dollar of profit ***** ociated with the ***** ets they buy.
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 »
Here's how that could unfold, and soon.
After the Sept. 11 inflation report showed that consumer prices are still rising at a faster-than-desired pace, the odds of a rate hike by the Fed at its meeting on Sept. 16 were 90%, per the CME FedWatch. Warsh also said in his speech that he'd struggle to call the current set of financial conditions restrictive. That obviously means that investors need to brace for higher rates.
#inflation
9 days ago
Broyhill ***** et Management, a Charlotte-based firm, issued its second-quarter 2026 investor letter, which is available for download here. The Broyhill Equity Composite gained 8.8% in Q2, trailing the MSCI All Country World Index's 15.1% and the MSCI ACWI Value Index's 10.8%. For the first half, the Composite returned 2.3%, versus 11.5% for the Index. The letter highlights that a significant portion of the shortfall occurred in April due to market dynamics and geopolitical events, with tech, particularly semiconductors, driving recent gains. Broyhill notes its lack of direct semiconductor exposure but acknowledges potential interest in the sector if opportunities arise, maintaining its investment philosophy focused on capital protection in fragile market conditions. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Broyhill ***** et Management highlighted Masco Corporation (NYSE:MAS). Masco Corporation (NYSE:MAS), a US-based home improvement and building products manufacturer, contributed positively to performance this quarter. On September 14, 2026, Masco Corporation (NYSE:MAS) closed at $69.41 per share. Over the past month, Masco Corporation (NYSE:MAS) declined 5.41%, but its shares are down 5.31% over the past year. Masco Corporation (NYSE:MAS) has a market capitalization of $13.69 billion, and its stock has traded within a 52-week range of $58.16 to $83.64.
Broyhill ***** et Management stated the following regarding Masco Corporation (NYSE:MAS) in its Q2 2026 investor letter:
"Masco Corporation (NYSE:MAS) gained 37%, the best result in the portfolio, and was initiated in the first quarter as one of two investments in the depressed housing sector. The quarter was plumbing-led and, more to the point, volume-led, with the strongest volume growth since the end of the pandemic and pricing intact. Management raised the topline outlook, took out delayed-draw leverage to repurchase stock, and increased the buyback guide by $200 million, to more than $800 million against a $2 billion authorization. Earlier in the quarter, our investment team also attended Masco's investor day and was able to interact with management at the event."
Masco Corporation (NYSE:MAS) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. According to our database, 46 hedge fund portfolios held Masco Corporation (NYSE:MAS) at the end of the second quarter, compared to 42 in the previous quarter. While we acknowledge the potential of Masco Corporation (NYSE:MAS) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#corporation #letter
In its second-quarter 2026 investor letter, Broyhill ***** et Management highlighted Masco Corporation (NYSE:MAS). Masco Corporation (NYSE:MAS), a US-based home improvement and building products manufacturer, contributed positively to performance this quarter. On September 14, 2026, Masco Corporation (NYSE:MAS) closed at $69.41 per share. Over the past month, Masco Corporation (NYSE:MAS) declined 5.41%, but its shares are down 5.31% over the past year. Masco Corporation (NYSE:MAS) has a market capitalization of $13.69 billion, and its stock has traded within a 52-week range of $58.16 to $83.64.
Broyhill ***** et Management stated the following regarding Masco Corporation (NYSE:MAS) in its Q2 2026 investor letter:
"Masco Corporation (NYSE:MAS) gained 37%, the best result in the portfolio, and was initiated in the first quarter as one of two investments in the depressed housing sector. The quarter was plumbing-led and, more to the point, volume-led, with the strongest volume growth since the end of the pandemic and pricing intact. Management raised the topline outlook, took out delayed-draw leverage to repurchase stock, and increased the buyback guide by $200 million, to more than $800 million against a $2 billion authorization. Earlier in the quarter, our investment team also attended Masco's investor day and was able to interact with management at the event."
Masco Corporation (NYSE:MAS) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. According to our database, 46 hedge fund portfolios held Masco Corporation (NYSE:MAS) at the end of the second quarter, compared to 42 in the previous quarter. While we acknowledge the potential of Masco Corporation (NYSE:MAS) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#corporation #letter
9 days ago
Wednesday’s Senate confirmation hearing wasn’t the first time much of the American public met Dr. Nicole Saphier and heard her perspective; President Donald Trump’s nominee for US surgeon general is a health and wellness influencer who has amassed hundreds of thousands of followers through her podcast and social media platforms.
In some ways, the surgeon general position – often referred to as the nation’s doctor – is the original health influencer, tasked with translating science into terms that are easy to understand and guiding the public on ways to improve their health.
“For a decade, I have specialized in translating complex, fast-evolving medical information on various media platforms into content that millions of Americans can understand and use, including during the uncertainty of the global pandemic,” Saphier, a radiologist and Fox News contributor, said in Wednesday’s hearing.
“I realized then how badly this country needs public health communication that is straightforward and grounded in the best evidence available,” she said. “My years of communicating directly with the public have prepared me to explain complex topics in a way that they can understand.”
But experts say that social media has changed how people receive health information, with increasingly blurred lines as to who is considered to have authority and expertise – and that bringing an influencer into the role of surgeon general presents both opportunities and challenges.
#public #saphier #hearing
In some ways, the surgeon general position – often referred to as the nation’s doctor – is the original health influencer, tasked with translating science into terms that are easy to understand and guiding the public on ways to improve their health.
“For a decade, I have specialized in translating complex, fast-evolving medical information on various media platforms into content that millions of Americans can understand and use, including during the uncertainty of the global pandemic,” Saphier, a radiologist and Fox News contributor, said in Wednesday’s hearing.
“I realized then how badly this country needs public health communication that is straightforward and grounded in the best evidence available,” she said. “My years of communicating directly with the public have prepared me to explain complex topics in a way that they can understand.”
But experts say that social media has changed how people receive health information, with increasingly blurred lines as to who is considered to have authority and expertise – and that bringing an influencer into the role of surgeon general presents both opportunities and challenges.
#public #saphier #hearing
9 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
After watching home prices explode during the pandemic, one recent buyer has a question that probably sounds familiar to anyone who has looked at real estate lately: How can this possibly continue?
The buyer, who recently purchased a home in the Dallas-Fort Worth area, asked Reddit's r/RealEstate community where the ceiling is if home prices keep appreciating while incomes struggle to keep pace.
"At some point don't we just reach a point where no one can afford a home?" they asked. They were even worried that continued appreciation could eventually make their own home difficult to sell because there wouldn't be enough buyers who could afford it.
Don't Miss:
#point
After watching home prices explode during the pandemic, one recent buyer has a question that probably sounds familiar to anyone who has looked at real estate lately: How can this possibly continue?
The buyer, who recently purchased a home in the Dallas-Fort Worth area, asked Reddit's r/RealEstate community where the ceiling is if home prices keep appreciating while incomes struggle to keep pace.
"At some point don't we just reach a point where no one can afford a home?" they asked. They were even worried that continued appreciation could eventually make their own home difficult to sell because there wouldn't be enough buyers who could afford it.
Don't Miss:
#point
9 days ago
The Justice Department has charged dozens of people for suspected fraud related to the COVID-19 pandemic that resulted in hundreds of millions of dollars in losses, U.S. Attorney General Todd Blanche said Tuesday.
Speaking with reporters in the White House Rose Garden, Blanche said that between mid-June and September, federal prosecutors from across the country helped facilitate the arrests of 160 criminal defendants, including around 80 who were newly charged over suspected COVID fraud in Missouri and neighboring states.
The suspected crimes involved more than $245 million in losses, Blanche said.
White House Launches Interactive Map Tracking Billions In Suspected Fraud
Attorney General Todd Blanche has announced charges against dozens of people connected to suspected COVID-19 relief fraud.
#white #House
Speaking with reporters in the White House Rose Garden, Blanche said that between mid-June and September, federal prosecutors from across the country helped facilitate the arrests of 160 criminal defendants, including around 80 who were newly charged over suspected COVID fraud in Missouri and neighboring states.
The suspected crimes involved more than $245 million in losses, Blanche said.
White House Launches Interactive Map Tracking Billions In Suspected Fraud
Attorney General Todd Blanche has announced charges against dozens of people connected to suspected COVID-19 relief fraud.
#white #House
9 days ago
The Federal Reserve's September policy meeting kicked off Tuesday morning, and markets overwhelmingly expect the Fed to raise interest rates by 25 basis points on Wednesday amid persistently high inflation.
Such a move would mark the Fed's first increase in the fed funds rate since 2023, when the Jerome Powell-led central bank concluded its post-pandemic hiking campaign. However, inflation has now remained above the Fed's 2% target for more than five years, with the war in the Middle East serving as the latest driver of higher prices.
As Fed Chairman Kevin Warsh said in his Jackson Hole Symposium speech in August, "We have work to do."
Still, a hold isn't entirely off the table — even as traders price in a 92% chance of a Fed rate hike, according to CME Group's FedWatch tool. Federal Reserve Chairman Kevin Warsh has been adamant about not providing markets with forward guidance on interest rate decisions, preferring that officials have a "good family fight" over the data at FOMC meetings.
In addition to the intrigue over whether the Fed will hike rates, markets will closely scrutinize the Fed's Summary of Economic Projections, the so-called dot plot, for clues about monetary policy in the next few years.
#federal
Such a move would mark the Fed's first increase in the fed funds rate since 2023, when the Jerome Powell-led central bank concluded its post-pandemic hiking campaign. However, inflation has now remained above the Fed's 2% target for more than five years, with the war in the Middle East serving as the latest driver of higher prices.
As Fed Chairman Kevin Warsh said in his Jackson Hole Symposium speech in August, "We have work to do."
Still, a hold isn't entirely off the table — even as traders price in a 92% chance of a Fed rate hike, according to CME Group's FedWatch tool. Federal Reserve Chairman Kevin Warsh has been adamant about not providing markets with forward guidance on interest rate decisions, preferring that officials have a "good family fight" over the data at FOMC meetings.
In addition to the intrigue over whether the Fed will hike rates, markets will closely scrutinize the Fed's Summary of Economic Projections, the so-called dot plot, for clues about monetary policy in the next few years.
#federal
10 days ago
The Federal Reserve's September policy meeting kicked off Tuesday morning, and markets overwhelmingly expect the Fed to raise interest rates by 25 basis points on Wednesday amid persistently high inflation.
Such a move would mark the Fed's first increase in the fed funds rate since 2023, when the Jerome Powell-led central bank concluded its post-pandemic hiking campaign. However, inflation has now remained above the Fed's 2% target for more than five years, with the war in the Middle East serving as the latest driver of higher prices.
As Fed Chairman Kevin Warsh said in his Jackson Hole Symposium speech in August, "We have work to do."
Still, a hold isn't entirely off the table — even as traders price in a 92% chance of a Fed rate hike, according to CME Group's FedWatch tool. Federal Reserve Chairman Kevin Warsh has been adamant about not providing markets with forward guidance on interest rate decisions, preferring that officials have a "good family fight" over the data at FOMC meetings.
In addition to the intrigue over whether the Fed will hike rates, markets will closely scrutinize the Fed's Summary of Economic Projections, the so-called dot plot, for clues about monetary policy in the next few years.
#rate #warsh #interest #inflation
Such a move would mark the Fed's first increase in the fed funds rate since 2023, when the Jerome Powell-led central bank concluded its post-pandemic hiking campaign. However, inflation has now remained above the Fed's 2% target for more than five years, with the war in the Middle East serving as the latest driver of higher prices.
As Fed Chairman Kevin Warsh said in his Jackson Hole Symposium speech in August, "We have work to do."
Still, a hold isn't entirely off the table — even as traders price in a 92% chance of a Fed rate hike, according to CME Group's FedWatch tool. Federal Reserve Chairman Kevin Warsh has been adamant about not providing markets with forward guidance on interest rate decisions, preferring that officials have a "good family fight" over the data at FOMC meetings.
In addition to the intrigue over whether the Fed will hike rates, markets will closely scrutinize the Fed's Summary of Economic Projections, the so-called dot plot, for clues about monetary policy in the next few years.
#rate #warsh #interest #inflation
11 days ago
Could Tamin Lipsey return to Iowa State for another season of college basketball?
The standout point guard has joined a growing list of athletes who are suing the NCAA with hopes of gaining an additional fifth year of eligibility. Court documents indicate Lipsey may return to the Cyclones if given a chance.
Lipsey was among a batch of approximately 90 athletes who entered a class-action lawsuit filed in the state of Indiana against the NCAA. Across the country, many athletes in various sports are suing the NCAA in an effort to get a fifth year of eligibility.
In June, the NCAA Division I Cabinet unanimously approved a new five-year, age-based eligibility model, also known as the "five-for-five rule," which went into effect starting with the 2026-27 academic year. The new rule provides student-athletes across all sports with five years of eligibility over five seasons.
Under the new guidelines, each player's eligibility clock begins upon initial full-time college enrollment or at the beginning of the academic year following the athlete's 19th birthday, whichever occurs first. The "five-for-five rule" pertained to those enrolled in colleges for the 2026-27 school year. So those who concluded their collegiate careers in 2026, particularly high school athletes who graduated in 2022 and played four years of college without redshirting, were initially not included by the NCAA's new ruling.
#year #athletes #college #state
The standout point guard has joined a growing list of athletes who are suing the NCAA with hopes of gaining an additional fifth year of eligibility. Court documents indicate Lipsey may return to the Cyclones if given a chance.
Lipsey was among a batch of approximately 90 athletes who entered a class-action lawsuit filed in the state of Indiana against the NCAA. Across the country, many athletes in various sports are suing the NCAA in an effort to get a fifth year of eligibility.
In June, the NCAA Division I Cabinet unanimously approved a new five-year, age-based eligibility model, also known as the "five-for-five rule," which went into effect starting with the 2026-27 academic year. The new rule provides student-athletes across all sports with five years of eligibility over five seasons.
Under the new guidelines, each player's eligibility clock begins upon initial full-time college enrollment or at the beginning of the academic year following the athlete's 19th birthday, whichever occurs first. The "five-for-five rule" pertained to those enrolled in colleges for the 2026-27 school year. So those who concluded their collegiate careers in 2026, particularly high school athletes who graduated in 2022 and played four years of college without redshirting, were initially not included by the NCAA's new ruling.
#year #athletes #college #state
11 days ago
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He doesn't get as much media attention as Larry Fink or Bill Ackman, but David Booth, chairman of Dimensional Fund Advisors, has played a foundational role in the creation of the modern ***** et management industry. Working alongside Rex Sinquefield since the early 1980s, Booth has championed the idea that academic research is superior to Wall Street intuition.
During that time, Dimensional has grown from a fledgling business operating out of a spare room of Booth's Brooklyn brownstone to a global investment manager with $1.1 trillion in ***** ets under management. He's no longer running the company, having passed the reins to current co-CEOs Dave Butler and Gerard O'Reilly, but Booth is still intimately involved in setting Dimensional's direction at a time when innovation in the exchange-traded fund market and related trends are driving another sea change in how professional portfolios are built.
Sign up for The Daily Upside at no cost for premium ***** ysis on all your favorite stocks.
READ ALSO: Your Client's Big Tech Company Just IPO'd. Now What? and Investors Need Real Talk About Interval Funds
#company
He doesn't get as much media attention as Larry Fink or Bill Ackman, but David Booth, chairman of Dimensional Fund Advisors, has played a foundational role in the creation of the modern ***** et management industry. Working alongside Rex Sinquefield since the early 1980s, Booth has championed the idea that academic research is superior to Wall Street intuition.
During that time, Dimensional has grown from a fledgling business operating out of a spare room of Booth's Brooklyn brownstone to a global investment manager with $1.1 trillion in ***** ets under management. He's no longer running the company, having passed the reins to current co-CEOs Dave Butler and Gerard O'Reilly, but Booth is still intimately involved in setting Dimensional's direction at a time when innovation in the exchange-traded fund market and related trends are driving another sea change in how professional portfolios are built.
Sign up for The Daily Upside at no cost for premium ***** ysis on all your favorite stocks.
READ ALSO: Your Client's Big Tech Company Just IPO'd. Now What? and Investors Need Real Talk About Interval Funds
#company
11 days ago
On September 10, MasterCraft Boat Holdings (NASDAQ:MCFT) reported a fiscal fourth quarter that looked nothing like the one a year earlier. Adjusted EBITDA more than doubled, margins expanded across the legacy business, and the company closed out a year defined by its May 15 acquisition of Marine Products Corporation. But buried inside those same results was a $10.1 million writedown that tells a very different story about one corner of the business.
MasterCraft's core boat business is the reason the quarter worked at all. Legacy net sales, meaning the business before the acquisition, climbed 21.5% year over year to $96.6 million in the fourth quarter, powered by the next generation X Series lineup and less discounting at the dealer level. That combination of volume and pricing pushed legacy adjusted EBITDA margin up 730 basis points to 19.3%, up from 12% a year earlier. Once the newly acquired Chaparral and Robalo brands are added in, which contributed for only six weeks after the deal closed on May 15, consolidated fourth quarter net sales reached $129.9 million, up 63.4%, and adjusted EBITDA hit $20.5 million, up 114.9%.
The company also cleaned up its channel. Dealer field inventory for the legacy business fell 30% year over year, with turnover now running ahead of pre-pandemic levels, a sign dealers are selling boats rather than sitting on them. Full-year adjusted net income reached $30.2 million, or $1.76 per diluted share, up from $15.1 million, or $0.92 per share, in fiscal 2025. The company generated $22.3 million in free cash flow for the year and, as of June 30, held $43.9 million in cash, zero debt, and a fully available $75 million credit line. MasterCraft's own retail sales grew low single digits for the year even as the broader powerboat industry fell mid to high single digits, and the newer Robalo brand posted high single-digit retail growth in the fishing boat category.
The picture gets murkier once you look past the flagship brand. The Leisure segment, home to the Crest and Balise pontoon boats, saw fourth-quarter sales fall 11.2% year over year to $12.1 million, and the company booked a $10.1 million non-cash impairment against Crest brand ******* ets tied to what management called current category conditions. On a GAAP basis, that charge combined with acquisition costs and purchase accounting adjustments turned the quarter into a net loss of $7 million, or $0.35 per diluted share, compared to net income of $5.5 million a year earlier. Operating expenses rose $23.1 million in the quarter, including $5.9 million in transaction costs tied to the acquisition.
#million #legacy
MasterCraft's core boat business is the reason the quarter worked at all. Legacy net sales, meaning the business before the acquisition, climbed 21.5% year over year to $96.6 million in the fourth quarter, powered by the next generation X Series lineup and less discounting at the dealer level. That combination of volume and pricing pushed legacy adjusted EBITDA margin up 730 basis points to 19.3%, up from 12% a year earlier. Once the newly acquired Chaparral and Robalo brands are added in, which contributed for only six weeks after the deal closed on May 15, consolidated fourth quarter net sales reached $129.9 million, up 63.4%, and adjusted EBITDA hit $20.5 million, up 114.9%.
The company also cleaned up its channel. Dealer field inventory for the legacy business fell 30% year over year, with turnover now running ahead of pre-pandemic levels, a sign dealers are selling boats rather than sitting on them. Full-year adjusted net income reached $30.2 million, or $1.76 per diluted share, up from $15.1 million, or $0.92 per share, in fiscal 2025. The company generated $22.3 million in free cash flow for the year and, as of June 30, held $43.9 million in cash, zero debt, and a fully available $75 million credit line. MasterCraft's own retail sales grew low single digits for the year even as the broader powerboat industry fell mid to high single digits, and the newer Robalo brand posted high single-digit retail growth in the fishing boat category.
The picture gets murkier once you look past the flagship brand. The Leisure segment, home to the Crest and Balise pontoon boats, saw fourth-quarter sales fall 11.2% year over year to $12.1 million, and the company booked a $10.1 million non-cash impairment against Crest brand ******* ets tied to what management called current category conditions. On a GAAP basis, that charge combined with acquisition costs and purchase accounting adjustments turned the quarter into a net loss of $7 million, or $0.35 per diluted share, compared to net income of $5.5 million a year earlier. Operating expenses rose $23.1 million in the quarter, including $5.9 million in transaction costs tied to the acquisition.
#million #legacy
11 days ago
Amid the chaos of New York Fashion Week, Demi Moore is stopping to smell the roses.
The Oscar-nominated actress surprised guests when she made an appearance at the Magda Butrym NYFW show on Sunday, Sept. 13. Held at the Starrett-Lehigh Building in Manhattan's Chelsea neighborhood, the luxury ready-to-wear brand was not only celebrating its spring–summer 2027 collection; the show also marked the Polish brand's first runway presentation in New York.
Moments before the show began, Moore slipped into the designer's front row, joining Kelly Rutherford, Anna Van Patten and Nara Smith. Sitting in between Smith and Rutherford, Moore greeted both women with friendly hugs and handshakes before taking her seat.
With majority of the front row crew garbed in grey and black ensembles, the "St. Elmo's Fire" actress stood out in an all-white Magda Butrym look featuring an ivory crochet halter top styled with a white oversized blazer and matching column maxi skirt. Moore topped off the look with a mini white top-handle bag and pointed-toe crochet pumps that matched her top.
As guests awaited the start of the show, Moore admired the runway lined with pale pink rose petals, at one point taking a moment to smell the roses — literally — by bringing a few petals to the tip of her nose as she chatted with Rutherford.
#white #smith #roses
The Oscar-nominated actress surprised guests when she made an appearance at the Magda Butrym NYFW show on Sunday, Sept. 13. Held at the Starrett-Lehigh Building in Manhattan's Chelsea neighborhood, the luxury ready-to-wear brand was not only celebrating its spring–summer 2027 collection; the show also marked the Polish brand's first runway presentation in New York.
Moments before the show began, Moore slipped into the designer's front row, joining Kelly Rutherford, Anna Van Patten and Nara Smith. Sitting in between Smith and Rutherford, Moore greeted both women with friendly hugs and handshakes before taking her seat.
With majority of the front row crew garbed in grey and black ensembles, the "St. Elmo's Fire" actress stood out in an all-white Magda Butrym look featuring an ivory crochet halter top styled with a white oversized blazer and matching column maxi skirt. Moore topped off the look with a mini white top-handle bag and pointed-toe crochet pumps that matched her top.
As guests awaited the start of the show, Moore admired the runway lined with pale pink rose petals, at one point taking a moment to smell the roses — literally — by bringing a few petals to the tip of her nose as she chatted with Rutherford.
#white #smith #roses
11 days ago
Kansas City, Missouri — Vice President JD Vance announced Monday the Trump administration will suspend roughly 870,000 people suspected of defrauding pandemic-era small business programs from receiving future federal loans.
The vice president contended that borrowers who stole taxpayer money should no longer be eligible to receive loans from government-backed programs.
"If you screwed the American taxpayer, the federal government is now going to say you're cut off, no more," Vance told reporters. "You shouldn't be applying anymore, and if you do apply, you're no longer able to get those benefits."
His remarks came as the Justice Department announced a slew of cases in a nationwide crackdown on fraud involving the COVID-19-era Paycheck Protection Program.
The department's enforcement push, which ran from June 12 through Sept. 1 and was dubbed "Heartland fraud surge," resulted in actions involving more than 160 defendants and approximately $245 million in intended losses to taxpayers. The operation was put into action more than five years after the government pushed emergency loans to businesses nationwide that were struggling as a result of the coronavirus pandemic.
#president #pandemic #federal
The vice president contended that borrowers who stole taxpayer money should no longer be eligible to receive loans from government-backed programs.
"If you screwed the American taxpayer, the federal government is now going to say you're cut off, no more," Vance told reporters. "You shouldn't be applying anymore, and if you do apply, you're no longer able to get those benefits."
His remarks came as the Justice Department announced a slew of cases in a nationwide crackdown on fraud involving the COVID-19-era Paycheck Protection Program.
The department's enforcement push, which ran from June 12 through Sept. 1 and was dubbed "Heartland fraud surge," resulted in actions involving more than 160 defendants and approximately $245 million in intended losses to taxpayers. The operation was put into action more than five years after the government pushed emergency loans to businesses nationwide that were struggling as a result of the coronavirus pandemic.
#president #pandemic #federal
11 days ago
SPY surged 11% year-to-date while home prices hit all-time highs, powering a record $12.5 trillion single-quarter wealth gain to $185.7 trillion total.
The personal saving rate collapsed to 2.8% from 5.8% a year ago as Americans spend paper gains concentrated among the wealthiest households.
Household net worth hit 571% of GDP, just shy of the 574% record that previously preceded the Fed's most aggressive rate-hiking cycle in four decades.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now. The report is free. Enter your email and see if any of your stocks made the cut.
American households just booked the largest quarterly wealth gain in history, and most Americans do not feel any richer. Federal Reserve data released this month shows U.S. household net worth jumped $12.5 trillion in the second quarter of 2026, reaching a record $185.7 trillion. That single-quarter increase exceeds the annual gross domestic product of every country on earth except the United States and China. It is the eleventh straight quarter of gains, a streak that has added $43.4 trillion to household balance sheets and pushed ***** ulative wealth creation since the 2020 pandemic to $83.9 trillion. Yet the University of Michigan's consumer sentiment index came in at 55.2 in July, a level the survey's own interpretation guide classifies as recessionary.
#trillion #quarter #record #year
The personal saving rate collapsed to 2.8% from 5.8% a year ago as Americans spend paper gains concentrated among the wealthiest households.
Household net worth hit 571% of GDP, just shy of the 574% record that previously preceded the Fed's most aggressive rate-hiking cycle in four decades.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now. The report is free. Enter your email and see if any of your stocks made the cut.
American households just booked the largest quarterly wealth gain in history, and most Americans do not feel any richer. Federal Reserve data released this month shows U.S. household net worth jumped $12.5 trillion in the second quarter of 2026, reaching a record $185.7 trillion. That single-quarter increase exceeds the annual gross domestic product of every country on earth except the United States and China. It is the eleventh straight quarter of gains, a streak that has added $43.4 trillion to household balance sheets and pushed ***** ulative wealth creation since the 2020 pandemic to $83.9 trillion. Yet the University of Michigan's consumer sentiment index came in at 55.2 in July, a level the survey's own interpretation guide classifies as recessionary.
#trillion #quarter #record #year
12 days ago
The energy outside Cipriani, in Lower Manhattan, across from the Charging Bull statue on Broadway, seemed conspicuously suspended in a different time. It was as if crossing the threshold into the Financial District sent me back a decade, to the genesis of this current generation's cultural aesthetic—to the lines at VFiles, the SoHo clothing store whose Howard St. storefront once served as epicenter of the nascent fusion of the worlds of streetwear, hip-hop, and high fashion. All of this was because Kai Cenat, the popular Twitch streamer and content creator, was making his runway debut. The fashion show for his brand Vivet's first collection drew a crowd of the current generation's innovators, giving a reminiscent feeling to the last time a popular figure came crashing through the gates of mainstream fashion.
In attendance that night were popular streamers like Jasontheween, Rakai, and Duke Dennis, alongside more traditional celebrity names: Jaden Smith, Luka Sabbat, Lauryn Hill (!). Popular fashion podcasters and journalists from the New York Times filtered through the crowd as well. It reminded me of the pre-pandemic days of fashion week pop-ups in the shadow of Ye's YZY Szn launches, when the crowds outside seemed as consequential as whoever had a seat inside. Social media had given a generation of streetwear obsessives and aspiring artists a way to build their own audiences, and fashion was beginning to accommodate them. At Cipriani, the streamers had brought another audience into the room.
More from Rolling Stone
Big Sean and Kanye West Reunite After Feud With Surprise Appearance in Chicago
Drake Turns Kick Stream Into a 20-v-1 Dating Show, Warns Rap Rivals His 'Pen Isn't Dry'
#outside #seemed #time #streetwear
In attendance that night were popular streamers like Jasontheween, Rakai, and Duke Dennis, alongside more traditional celebrity names: Jaden Smith, Luka Sabbat, Lauryn Hill (!). Popular fashion podcasters and journalists from the New York Times filtered through the crowd as well. It reminded me of the pre-pandemic days of fashion week pop-ups in the shadow of Ye's YZY Szn launches, when the crowds outside seemed as consequential as whoever had a seat inside. Social media had given a generation of streetwear obsessives and aspiring artists a way to build their own audiences, and fashion was beginning to accommodate them. At Cipriani, the streamers had brought another audience into the room.
More from Rolling Stone
Big Sean and Kanye West Reunite After Feud With Surprise Appearance in Chicago
Drake Turns Kick Stream Into a 20-v-1 Dating Show, Warns Rap Rivals His 'Pen Isn't Dry'
#outside #seemed #time #streetwear
13 days ago
October WTI crude oil (CLV26) on Friday closed down -2.43 (-2.37%), and October RBOB gasoline (RBV26) closed down -0.0860 (-2.53%).
Oct WTI oil prices on Friday fell back after Thursday's +6.7% rally to a 3.5-month high. Oil prices fell back after the International Energy Agency (IEA) on Friday warned that high oil prices and restricted oil supply will cause the biggest drop in global oil demand this year since the Covid-19 pandemic. Despite the projected demand drop, the IEA raised its estimate for this year's global oil deficit to 1.7 million bpd from last month's 1.3 million bpd estimate due to the restricted supply caused by the US-Iran war. The IEA said the return of a global oil surplus will be delayed until 2027, later than its previous estimate of late 2026.
Crude Oil Prices Soar on Fears US-Iran War to Persist
Crude Oil at $100 Gets All the Attention. Watch These 5 Charts to Track the Energy Market Mechanics Behind the Headlines.
Nat-Gas Prices Recover as European Nat-Gas Surges
#prices #estimate #october #closed
Oct WTI oil prices on Friday fell back after Thursday's +6.7% rally to a 3.5-month high. Oil prices fell back after the International Energy Agency (IEA) on Friday warned that high oil prices and restricted oil supply will cause the biggest drop in global oil demand this year since the Covid-19 pandemic. Despite the projected demand drop, the IEA raised its estimate for this year's global oil deficit to 1.7 million bpd from last month's 1.3 million bpd estimate due to the restricted supply caused by the US-Iran war. The IEA said the return of a global oil surplus will be delayed until 2027, later than its previous estimate of late 2026.
Crude Oil Prices Soar on Fears US-Iran War to Persist
Crude Oil at $100 Gets All the Attention. Watch These 5 Charts to Track the Energy Market Mechanics Behind the Headlines.
Nat-Gas Prices Recover as European Nat-Gas Surges
#prices #estimate #october #closed
13 days ago
The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store and gas station are more painful than they were last year, and rising costs are impacting the decisions of both households and businesses.
Here's a snapshot of prominent economic data and news that occurred over the past week and what it potentially means for you.
U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges that are top of mind for many voters as midterm elections near.
The Labor Department said Friday that the consumer price index rose 3.4% last month compared with a year ago, the same as in July. But on a monthly basis, inflation accelerated, as costs jumped 0.4% from July to August, up from an increase of just 0.1% the previous month.
The figures show that inflation remains stubbornly elevated, more than five years after prices first soared as the economy emerged from the COVID pandemic. Persistent inflation has presented a major challenge for the inflation-fighters at the Federal Reserve and has soured many voters on the Trump administration's economic management.
#year
Here's a snapshot of prominent economic data and news that occurred over the past week and what it potentially means for you.
U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges that are top of mind for many voters as midterm elections near.
The Labor Department said Friday that the consumer price index rose 3.4% last month compared with a year ago, the same as in July. But on a monthly basis, inflation accelerated, as costs jumped 0.4% from July to August, up from an increase of just 0.1% the previous month.
The figures show that inflation remains stubbornly elevated, more than five years after prices first soared as the economy emerged from the COVID pandemic. Persistent inflation has presented a major challenge for the inflation-fighters at the Federal Reserve and has soured many voters on the Trump administration's economic management.
#year
14 days ago
Arsenal may have just won the Premier League and reached the final of the Champions League, which means the club has been making significant amounts of money in recent campaigns.
However, the Gunners are also keen to ensure that they have their house in order financially, and the club has reportedly employed BCG to audit its finances in a bid to cut out waste.
Arsenal are one of the clubs that laid off staff during the COVID pandemic, and they also sacked their scouts and reorganised that part of the club despite the many successes it had achieved previously.
They came under significant criticism for that decision, and the Gunners will continue to do what they can to ensure the team remains the main focus of their operations.
The Daily Mail reports that BCG managing director Jean Paul Petranca is leading the review, and it has caused staff to become annoyed and shocked.
#club #arsenal #significant #staff
However, the Gunners are also keen to ensure that they have their house in order financially, and the club has reportedly employed BCG to audit its finances in a bid to cut out waste.
Arsenal are one of the clubs that laid off staff during the COVID pandemic, and they also sacked their scouts and reorganised that part of the club despite the many successes it had achieved previously.
They came under significant criticism for that decision, and the Gunners will continue to do what they can to ensure the team remains the main focus of their operations.
The Daily Mail reports that BCG managing director Jean Paul Petranca is leading the review, and it has caused staff to become annoyed and shocked.
#club #arsenal #significant #staff
14 days ago
Texas A&M's six remaining home games during the 2026 season will serve as critical recruiting opportunities for coach Mike Elko and his staff, especially in the 2028 recruiting cycle, as five-star quarterback Donald Tabron III and four-star Edge Chance Archangel serve as the lone commits in the class and will make their way back to campus this fall.
Plenty of intriguing names in the cycle will visit this weekend when the Aggies host Arizona State on Saturday afternoon, while five-star wide receiver Braylon Clark recently placed Texas A&M in his top 12 program list and will visit College Station on October 3 when the Aggies host Arkansas.
Under Mike Elko, Texas A&M has developed NFL talent at nearly every position, especially after a record-tying 10 players were selected in the 2026 NFL Draft back in late April. Elko's background as one of the best defensive coordinators in the country, currently serving as the Aggies' defensive playcaller, has continued to make its way to the eyes and ears of up-and-coming defenders, including 2028 four-star Edge David Dotson.
During his recent interview with Rivals insider Sam Spiegelman, Dotson named Texas A&M among several programs that "have his attention" heading into the fall months.
"Texas, Oklahoma, SMU, Texas A&M, Ohio State, Michigan, Georgia, LSU, and Alabama all have my attention," Dotson continued. "They've each shown me why they want me and how I could fit into their program. The relationships with the coaches, player development, culture, academics, and overall fit are all important to me."
#star #aggies #elko
Plenty of intriguing names in the cycle will visit this weekend when the Aggies host Arizona State on Saturday afternoon, while five-star wide receiver Braylon Clark recently placed Texas A&M in his top 12 program list and will visit College Station on October 3 when the Aggies host Arkansas.
Under Mike Elko, Texas A&M has developed NFL talent at nearly every position, especially after a record-tying 10 players were selected in the 2026 NFL Draft back in late April. Elko's background as one of the best defensive coordinators in the country, currently serving as the Aggies' defensive playcaller, has continued to make its way to the eyes and ears of up-and-coming defenders, including 2028 four-star Edge David Dotson.
During his recent interview with Rivals insider Sam Spiegelman, Dotson named Texas A&M among several programs that "have his attention" heading into the fall months.
"Texas, Oklahoma, SMU, Texas A&M, Ohio State, Michigan, Georgia, LSU, and Alabama all have my attention," Dotson continued. "They've each shown me why they want me and how I could fit into their program. The relationships with the coaches, player development, culture, academics, and overall fit are all important to me."
#star #aggies #elko
14 days ago
After a promising start with two wins, RB Leipzig have suffered back-to-back defeats to Werder Bremen and Como, sparking significant criticism in the press and on social media.
RB Leipzig managing director for sport Marcel Schäfer has now shared his thoughts on the situation, acknowledging that the team's recent performances have fallen well below expectations.
"We have, of course, seen what has been said about the club in the press and on social media over the past few days. We are highly ambitious, but we are also critical of ourselves. The last two results have not been good enough. We know that, and we are not going to sugar-coat it. We are addressing the situation very clearly internally," Schäfer said in a statement released by RB Leipzig on Friday night.
Despite the recent setbacks, Schäfer was keen to underline the club's full support for new head coach Martin Demichelis and his squad, stressing that, given the significant changes made at the club over the summer, it's only natural that the team will need time to fully gel.
"At the same time, we are staying calm and focused, and we are united as a club. That applies to everyone who works here, the players and the entire coaching staff. They all have our full support and trust," he said.
#club #significant #Social #Media
RB Leipzig managing director for sport Marcel Schäfer has now shared his thoughts on the situation, acknowledging that the team's recent performances have fallen well below expectations.
"We have, of course, seen what has been said about the club in the press and on social media over the past few days. We are highly ambitious, but we are also critical of ourselves. The last two results have not been good enough. We know that, and we are not going to sugar-coat it. We are addressing the situation very clearly internally," Schäfer said in a statement released by RB Leipzig on Friday night.
Despite the recent setbacks, Schäfer was keen to underline the club's full support for new head coach Martin Demichelis and his squad, stressing that, given the significant changes made at the club over the summer, it's only natural that the team will need time to fully gel.
"At the same time, we are staying calm and focused, and we are united as a club. That applies to everyone who works here, the players and the entire coaching staff. They all have our full support and trust," he said.
#club #significant #Social #Media
14 days ago
Renowned Argentine journalist and influencer Flavio Azzaro has once again shaken up the world of sports media after openly stating his greatest institutional ambition: to become president of Racing Club.
During a live broadcast on his Azz Stream channel, the commentator expressed how firmly he views this life goal. "Everything I do in my life, consciously or unconsciously, is to become president of Racing," he stated categorically.
The statements from the Avellaneda journalist reaffirm his ambition to jump from media debate into the internal politics of "La Academia." The idea is for him to be able to run in the 2032 elections.
This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here.
#journalist #argentine
During a live broadcast on his Azz Stream channel, the commentator expressed how firmly he views this life goal. "Everything I do in my life, consciously or unconsciously, is to become president of Racing," he stated categorically.
The statements from the Avellaneda journalist reaffirm his ambition to jump from media debate into the internal politics of "La Academia." The idea is for him to be able to run in the 2032 elections.
This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here.
#journalist #argentine
14 days ago
The FSU baseball program has landed its fourth player in the 2028 recruiting class, and it is yet another in-state prospect, with two-way player Garrett Harper committing on Thursday.
"Officially committed to Florida State University! 🍢 Thank you to my parents, family, friends, coaches, teammates, and Brad for believing in me and helping me get here." he wrote on social media. "Thank you to FSU for the opportunity to continue my academic & baseball journey. Time to work!"
Harper is a left-handed pitcher and outfielder from Cocoa Beach, Florida. He was originally a member of the 2029 recruiting class, but reclassified to join the 2028 class in April. He has a great frame at 6-foot-4 and 205 pounds.
He had a strong freshman season at Cocoa Beach High School and is looking to take another step as a junior after skipping his sophomore season. He finished the season hitting .442 with nine doubles, one home run, 19 RBI, and 27 runs in 29 games. He recorded a .509 on-base percentage, walking 11 times and striking out twice.
He made 12 appearances on the mound, going 3-0 with a 2.07 ERA in 44 innings. He held opponents to a .179 batting average, allowing 26 runs (13 earned) on 28 hits and 30 walks, striking out 69 batters. He faced 190 batters and did not allow an extra-base hit.
#class #harper #thank #cocoa
"Officially committed to Florida State University! 🍢 Thank you to my parents, family, friends, coaches, teammates, and Brad for believing in me and helping me get here." he wrote on social media. "Thank you to FSU for the opportunity to continue my academic & baseball journey. Time to work!"
Harper is a left-handed pitcher and outfielder from Cocoa Beach, Florida. He was originally a member of the 2029 recruiting class, but reclassified to join the 2028 class in April. He has a great frame at 6-foot-4 and 205 pounds.
He had a strong freshman season at Cocoa Beach High School and is looking to take another step as a junior after skipping his sophomore season. He finished the season hitting .442 with nine doubles, one home run, 19 RBI, and 27 runs in 29 games. He recorded a .509 on-base percentage, walking 11 times and striking out twice.
He made 12 appearances on the mound, going 3-0 with a 2.07 ERA in 44 innings. He held opponents to a .179 batting average, allowing 26 runs (13 earned) on 28 hits and 30 walks, striking out 69 batters. He faced 190 batters and did not allow an extra-base hit.
#class #harper #thank #cocoa
15 days ago
Happy game week and we hope that you're ready for tomorrow's Penn State game at Temple. Ahead of this matchup, I sent a few questions to Steve Helwick of Underdog Dynasty to preview this game. Steve is a regular around these parts with our opponent Q and A and you should head to our sister site to read more about Temple – and the rest of their conference brethren. Here's what Steve had to say about tomorrow's game.
It's year two for K.C. Keeler at Temple. He went 5-7 in his first year in Philadelphia. What do you make of his fit at Temple and what are expectations for the Owls the rest of this season?
K.C. Keeler has already proven to be an excellent fit at Temple. His résumé speaks for itself, and he is a proven winner even with a lack of resources. He won FCS national championships at both Delaware and Sam Houston, but his 10-win season at Sam Houston in year two of FBS membership might be his magnum opus. Additionally, he's a great fit since he has publicly declared this will be his final job, which promises Temple players and staffers a sense of stability.
Keeler walked into Philadelphia last year and immediately turned Temple into a 5-win team, after the Owls hadn't won more than three games in the entire 2020s. Temple fell one point short of both service academies, and flipping either result would have pushed the program into the postseason.
Temple played incredibly sound football in Keeler's first season, only losing four turnovers the entire year. The Owls should have lofty expectations considering they didn't lose a single starter to the transfer portal. However, they lack experience at quarterback and replacing Evan Simon is no easy task, which could present some challenges offensively. I would label bowl eligibility as a reasonable and attainable goal for this 2026 team.
2. There's a quarterback controversy right now, including former Penn Stater Jaxon Smolik. Where does that stand now and what do you expect from the offense against Penn State?
#year #penn
It's year two for K.C. Keeler at Temple. He went 5-7 in his first year in Philadelphia. What do you make of his fit at Temple and what are expectations for the Owls the rest of this season?
K.C. Keeler has already proven to be an excellent fit at Temple. His résumé speaks for itself, and he is a proven winner even with a lack of resources. He won FCS national championships at both Delaware and Sam Houston, but his 10-win season at Sam Houston in year two of FBS membership might be his magnum opus. Additionally, he's a great fit since he has publicly declared this will be his final job, which promises Temple players and staffers a sense of stability.
Keeler walked into Philadelphia last year and immediately turned Temple into a 5-win team, after the Owls hadn't won more than three games in the entire 2020s. Temple fell one point short of both service academies, and flipping either result would have pushed the program into the postseason.
Temple played incredibly sound football in Keeler's first season, only losing four turnovers the entire year. The Owls should have lofty expectations considering they didn't lose a single starter to the transfer portal. However, they lack experience at quarterback and replacing Evan Simon is no easy task, which could present some challenges offensively. I would label bowl eligibility as a reasonable and attainable goal for this 2026 team.
2. There's a quarterback controversy right now, including former Penn Stater Jaxon Smolik. Where does that stand now and what do you expect from the offense against Penn State?
#year #penn
15 days ago
HIVE Digital Technologies, a Canada-based Bitcoin miner and data center operator that trades on the Nasdaq and Toronto Stock Exchange, has appointed Mark Volk as Senior Vice President of Revenue at BUZZ HPC, its wholly owned AI cloud and high-performance computing subsidiary.
Volk's mandate is to build BUZZ HPC's revenue engine and scale it globally. He will lead the company's go-to-market strategy across enterprise, government, sovereign AI, hyperscale, research and academic markets, overseeing commercialization of its GPU-powered infrastructure, including sovereign AI cloud, GPU-as-a-Service, colocation and hybrid AI solutions.
Related: Elon Musk warns 'if the ship of America sinks, we all sink with it'
Volk brings roughly 30 years of experience across AI, high-performance computing, cloud and enterprise infrastructure.
He is not a new face internally, he has worked with HIVE as a consultant for approximately nine months, during which he helped build BUZZ HPC's current GPU cloud demand pipeline.
#buzz #volk #performance #across
Volk's mandate is to build BUZZ HPC's revenue engine and scale it globally. He will lead the company's go-to-market strategy across enterprise, government, sovereign AI, hyperscale, research and academic markets, overseeing commercialization of its GPU-powered infrastructure, including sovereign AI cloud, GPU-as-a-Service, colocation and hybrid AI solutions.
Related: Elon Musk warns 'if the ship of America sinks, we all sink with it'
Volk brings roughly 30 years of experience across AI, high-performance computing, cloud and enterprise infrastructure.
He is not a new face internally, he has worked with HIVE as a consultant for approximately nine months, during which he helped build BUZZ HPC's current GPU cloud demand pipeline.
#buzz #volk #performance #across
15 days ago
One trophy, no medals. Ten million dollars. A red carpet. A black infield. Noah Lyles as MC. Armand Duplantis singing before eyeing another world record.
This athletics season was set to be the first since the pandemic which did not culminate in an Olympic Games or World Championships.
To bridge that gap, the sport's governing body has devised a new competition.
Introducing: The World Athletics Ultimate Championship.
Across three days of competition in Budapest, live on the BBC from 11-13 September, the world's top athletes will compete for record prize money and a new ***** le.
#games
This athletics season was set to be the first since the pandemic which did not culminate in an Olympic Games or World Championships.
To bridge that gap, the sport's governing body has devised a new competition.
Introducing: The World Athletics Ultimate Championship.
Across three days of competition in Budapest, live on the BBC from 11-13 September, the world's top athletes will compete for record prize money and a new ***** le.
#games
15 days ago
CVS Health (NYSE: CVS) dealt with significant headwinds after the COVID-19 pandemic. The company's financial results suffered as sales of coronavirus-related products (such as diagnostic tests) declined, while expenses in its insurance business rose substantially, resulting in lower profits and margins. However, CVS Health has done a good job of addressing those problems, and the stock has rebounded. Shares are up 31% over the past 12 months. Wall Street thinks there may be even more upside on the horizon. CVS Health's average price target is $116.04 (according to Yahoo! Finance), implying a meaningful 20% upside from current levels. Is now a great time to buy the stock?
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 »
Over the past 18 months (or so), CVS Health has implemented several initiatives that have helped improve its business. For instance, the company closed dozens of stores, many of which were unprofitable. The pharmacy chain specialist also scaled back its insurance division, notably by exiting the Affordable Care Act marketplace. The results have been pretty impressive. Consider the company's second-quarter results. CVS Health's revenue increased by a healthy 7.3% year over year to $106.1 billion.
Adjusted earnings per share were $2.58, 42.5% higher than the year-ago period. Note the improvement in CVS Health's healthcare benefits segment, which offers health insurance services. Operating expenses as a percentage of revenue declined slightly to 12.4%, down from 12.5% in the prior-year quarter, even as revenue grew 3.5% year over year. And operating margins within this unit came in at 5.8%, up from the 2.8% reported in the year-ago period. Also, CVS Health's medical benefits ratio -- the percentage of insurance premiums the company spent on medical care (the lower the better) -- declined to 87.4% in the second quarter, down from 89.9% in Q2 2025.
CVS Health also increased its guidance for the full fiscal year 2026. The company now expects its adjusted EPS to fall between $7.90 and $8.10, up from its previous range of between $7.30 to $7.50. The company is also now projecting cash flow from operations of at least $11.5 billion, up from the previous lower bound of $9.5 billion. These are signs of a much-improved business.
#insurance
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 »
Over the past 18 months (or so), CVS Health has implemented several initiatives that have helped improve its business. For instance, the company closed dozens of stores, many of which were unprofitable. The pharmacy chain specialist also scaled back its insurance division, notably by exiting the Affordable Care Act marketplace. The results have been pretty impressive. Consider the company's second-quarter results. CVS Health's revenue increased by a healthy 7.3% year over year to $106.1 billion.
Adjusted earnings per share were $2.58, 42.5% higher than the year-ago period. Note the improvement in CVS Health's healthcare benefits segment, which offers health insurance services. Operating expenses as a percentage of revenue declined slightly to 12.4%, down from 12.5% in the prior-year quarter, even as revenue grew 3.5% year over year. And operating margins within this unit came in at 5.8%, up from the 2.8% reported in the year-ago period. Also, CVS Health's medical benefits ratio -- the percentage of insurance premiums the company spent on medical care (the lower the better) -- declined to 87.4% in the second quarter, down from 89.9% in Q2 2025.
CVS Health also increased its guidance for the full fiscal year 2026. The company now expects its adjusted EPS to fall between $7.90 and $8.10, up from its previous range of between $7.30 to $7.50. The company is also now projecting cash flow from operations of at least $11.5 billion, up from the previous lower bound of $9.5 billion. These are signs of a much-improved business.
#insurance
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