On its third-quarter 2026 earnings call, held on Nov. 3, 2026, Icahn Enterprises (NASDAQ:IEP) highlighted a sharp rebound in net ******* et value driven by energy gains and major ******* et sales. For this diversified holding company, portfolio value swings directly dictate performance. That makes capital allocation and balance sheet flexibility the critical drivers of long-term returns. Three things management said stand out.
Energy subsidiary CVI is executing a major transaction, purchasing two refineries at less than 3.5 times estimated operating profit. Expanding refining capacity at that price strengthens cash generation for the subsidiary without requiring direct equity financing from the parent company.
CVI announced a transformative $4.2 billion acquisition of two refineries and a marketing platform at a purchase price of less than 3.5x management's estimate of 2026 EBITDA.
-- Ted Papapostolou, President and Chief Executive Officer
Icahn Enterprises completed the divestiture of automotive service provider Pep Boys, booking a $215 million pre-tax gain. Selling the operating ******* et cleans up the automotive footprint while freeing up fresh liquidity for higher-return opportunities.
During Q3 2026, we closed on the sale of Pep Boys and received $645 million in proceeds and recognized a pre-tax gain of $215 million.
-- Robert Flint, Chief Financial Officer

#major

After the United States Grand Prix, Isack Hadjar was critical of Red Bull's execution, as was Max Verstappen. Both drivers were unhappy with the strategy and, on top of that, were hampered by two problems that have been troubling the Formula 1 team for a long time: technical issues with the team radio and problematic starts.
"I have poor radio, I don't even know what's happening. And whenever I drop the clutch, it's going into a nightmare," Hadjar said in the media pen on Sunday night. "If we fix these two issues, we might already be on the podium. It seems like we can do the hardest things, but we can't do the silly things."
When asked about those comments during the media day in Mexico, Hadjar acknowledged that he is perfectly entitled to speak his mind about the team – which is, after all, exactly what Red Bull wants: drivers with character and opinions of their own – but that he perhaps could have worded certain things a little differently.
"I didn't really think," he said. "We need to be honest with ourselves as well, but there's stuff that I should have kept for myself. I know that."
Since then, Red Bull has **** ysed the race weekend in Texas in detail which revealed that the strategy could indeed have been better, something Hadjar explained further in Mexico.

#hadjar #drivers #issues #radio

Portugal and Morocco will host the 2027 Dakar Rally the organisers announced on Friday after it was moved from Saudi Arabia following repeated attacks on the kingdom by Yemen's Houthis.
The drivers, motorcyclists and truck drivers will tackle the prologue and first special stage in Portugal followed by 11 stages of the gruelling rally -- covering almost 8,000 kilometres with 4,341km of specials -- in Morocco.
It is the first time since 2007 that the gruelling multi-stage rally, created in 1978, returns to Africa.
"Although it has been moved, the 49th edition of the Dakar will still meet the sporting standards which has always made the event the most demanding of endurance rallies," said race director David Castera.
"Despite the short amount of time we have had we have put together a real Dakar.

#first #stage #gruelling #time

Jake Garcia experienced a disappointing ending to Friday's Love's RV Stop 225 at Talladega Superspeedway, finishing 26th after being involved in a major accident during the final stage. The ThorSport Racing driver started 11th and led three laps before his afternoon ended prematurely.
Garcia initially showed competitive speed, remaining among the leading trucks as drivers battled through multiple drafting lanes. His No. 98 Ford eventually moved into the lead for three laps, providing an opportunity to establish himself among the contenders.
However, maintaining track position proved difficult as competitors changed drafting lanes and employed different pit strategies. Garcia remained in competition through the opening stages but encountered serious trouble on Lap 57.
An accident sent his Ford hard into the outside wall, triggering a caution and collecting multiple competitors, including Chandler Smith and Conner Jones. The damage prevented Garcia from continuing, ending his afternoon after 56 completed laps. He ultimately finished 26th and earned 11 points.
Garcia remains 11th in the overall NASCAR Craftsman Truck Series standings with 559 points, the highest-ranked driver who missed the championship Chase. With Martinsville and Homestead-Miami remaining, Garcia will attempt to preserve that position and finish his season strongly.

#garcia #ford #ending #driver

Ford has now announced the cars, the colors, the concert, the cable channel and the charity fund for its Veterans Day Classic at Daytona. What it hasn't announced, at least in the material it has published so far, is how long the race runs or how a winner gets picked. That gap is the story, and it's why the lineup tells you more than the poster does.
The event is set for Wednesday, Nov. 11, at Daytona International Speedway, three days after the Cup Series finale at Homestead (here's how that November calendar stacks up). Ford is running it in collaboration with NASCAR, Blue Star Families, IMSA and HSR, according to Ford's own announcement. Twelve Ford Racing drivers will split into six teams, one for each branch of the U.S. military, all in Mustang Dark Horse R race cars.
Think about what that means. In a normal NASCAR weekend, Ford's pitch to its fans is simple: beat Chevrolet and Toyota. Here there is **** ody to beat. Every driver, every car and every logo on the grid is Ford, so the manufacturer has to build the stakes from scratch. Its answer is the military branch as team identity, and Ford says the teams are racing for bragging rights.
That is a smart device and a fragile one. A one-make race can't borrow rivalry from the paddock. It has to earn it in two hours of television, which is why the details Ford hasn't filled in matter more than usual.
Ford's lineup pairs the drivers like this: Army gets Joey Hand and Brad Keselowski, the Marine Corps gets Ryan Blaney and Ben Hobson, the Navy gets Logan Sargeant and Ryan Preece, the Air Force gets Frankie Muniz and Austin Cindric, the **** e Force gets Noah Gragson and Layne Riggs, and the Coast Guard gets Joey Logano and Ty Majeski.

#every #joey #ryan

Josh Reaume endured a challenging afternoon in Friday's Love's RV Stop 225 at Talladega Superspeedway, finishing 22nd after starting 33rd. The Team Reaume driver gained 11 positions during the event and briefly led one lap in his No. 22 Ford.
Reaume began the race near the rear of the field, facing the challenge of advancing through a competitive 36-truck lineup. However, the unpredictable drafting conditions provided several opportunities for competitors to gain positions as the running order constantly changed.
The first major accident occurred on Lap 17, collecting eight trucks and forcing NASCAR to temporarily stop the race. Reaume avoided elimination in that incident and continued battling for track position as the event progressed. His Ford also remained competitive during the second stage, when multiple drivers experienced tire problems and varying pit strategies reshuffled the field.
Reaume eventually moved into the lead for one lap, providing a notable moment during his afternoon. The final stage featured additional accidents and an overtime finish, but Reaume could not remain on the lead lap. He ultimately completed 82 laps and finished 22nd, four laps behind winner Sammy Smith.
The performance earned Reaume 15 points and represented an improvement of 11 positions from his original starting spot.

#Event #field

Dawson Sutton experienced an eventful afternoon in Friday's Love's RV Stop 225 at Talladega Superspeedway, finishing 19th after leading one lap and encountering tire problems. The Rackley W.A.R. driver started 26th and demonstrated competitive speed during the middle portion of the race.
Sutton advanced through the field as the opening stages featured shifting drafting lanes and changing pit strategies. His No. 26 Chevrolet became particularly competitive during Stage 2, when he finished seventh and collected four valuable points.
Sutton also benefited from an efficient pit stop following the stage, moving toward the front as competitors employed different tire strategies. However, his afternoon became more challenging when a tire problem caused him to slow during the final stage.
The issue contributed to a caution for debris, forcing Sutton to recover lost track position during the remaining portion of the race. Despite the setback, he continued competing and avoided the late accident that eliminated multiple drivers. Sutton ultimately completed 85 laps and finished 19th, one lap behind winner Sammy Smith.
The result earned him 23 points and helped him maintain 18th in the overall NASCAR Craftsman Truck Series standings with 366 points.

#tire

Clay Greenfield delivered a solid performance in Friday's Love's RV Stop 225 at Talladega Superspeedway, finishing 15th in his No. 95 Chevrolet. The GK Racing driver qualified 21st and gained six positions during an event featuring multiple major accidents and an overtime finish.
Greenfield entered the race hoping to capitalize on the unpredictable nature of superspeedway racing. The opening stage featured intense drafting competition, with several drivers exchanging positions while attempting to maintain momentum. Greenfield remained competitive through the first segment and avoided the eight-truck accident that occurred on Lap 17.
The incident eliminated numerous drivers and temporarily interrupted the race, but Greenfield continued battling for track position. His Chevrolet remained in competition throughout the second stage as several other trucks encountered tire problems and mechanical issues.
The final stage featured another major accident on Lap 57, followed by a late caution that forced the event into overtime. Greenfield avoided the race-ending damage that affected several competitors and maintained his position on the lead lap. He ultimately finished 15th, completing all 86 laps and earning 22 points.
The performance represented a positive afternoon for Greenfield, who gained six positions from his qualifying effort and completed the entire race against a competitive Truck Series field.

#greenfield #positions #several #chevrolet

Frankie Muniz delivered an encouraging performance during Friday's Love's RV Stop 225 at Talladega Superspeedway, finishing 12th after starting 31st. The Team Reaume driver gained 19 positions during an afternoon filled with major accidents and unpredictable drafting conditions.
Muniz began the race near the rear of the field, facing the challenge of working through a competitive 36-truck lineup. His No. 33 Ford remained in competition during the opening stage while several drivers encountered significant problems. The first major accident occurred on Lap 17, eliminating multiple competitors and dramatically reshaping the running order.
Muniz avoided involvement in the incident and continued improving his position as the race progressed. Another accident on Lap 57 eliminated additional trucks, creating opportunities for drivers who had remained out of trouble. Muniz continued competing through the final stage and stayed on the lead lap as the field prepared for an overtime finish.
He ultimately crossed the finish line 12th, completing all 86 laps and finishing 10.163 seconds behind winner Sammy Smith. The result earned Muniz 25 points and represented an important performance during his 2026 Truck Series campaign.
His ability to advance through the field and complete the demanding superspeedway event provided a positive result for Team Reaume.

#muniz #field

Landen Lewis produced one of the strongest recovery performances in Friday's Love's RV Stop 225 at Talladega Superspeedway, finishing sixth after starting 30th. The Niece Motorsports driver overcame a difficult qualifying effort and advanced 24 positions during the chaotic 86-lap event.
Lewis initially faced the challenge of working through a competitive field while navigating the changing drafting lanes. However, his No. 45 Chevrolet demonstrated impressive speed during the middle stages, allowing him to move toward the front. Lewis finished sixth in Stage 2, earning five additional points while establishing himself among the contenders.
He continued running competitively during the final stage, briefly leading the outside drafting lane as Tanner Gray challenged from the inside. The race's changing circumstances provided opportunities to gain positions, and Lewis avoided the accidents that eliminated several other drivers.
When the event entered overtime, Lewis remained among the leading competitors and positioned himself to capitalize on the final-lap battle. He ultimately finished sixth, just 0.272 seconds behind winner Sammy Smith. The result earned Lewis 36 points and marked another impressive performance during his part-time Truck Series campaign.
His ability to advance from 30th to sixth demonstrated the strength of his Chevrolet and his ability to compete in superspeedway racing.

#lewis #changing #drafting

Viking Motorsports is keeping two familiar names in the building for 2027!
Anthony Alfredo and Parker Retzlaff are set to return to the organization for the upcoming NASCAR O'Reilly Auto Parts Series season, giving the team some continuity as it prepares for another year of competition.
With the 2027 season getting closer, teams are beginning to put their plans together, and Viking Motorsports has made it clear that Alfredo and Retzlaff remain part of its future.
Both drivers will return as the organization continues building its lineup, giving the team an opportunity to carry its existing experience into another season. Keeping familiar faces around can be an important step for a team looking to build consistency and improve its performance from year to year.
For Alfredo and Retzlaff, the return also provides another opportunity to make their mark in one of NASCAR's most competitive national series. With the new season on the horizon, both drivers will be looking to make the most of their opportunities and help Viking Motorsports continue moving forward.

#team #series

harles Leclerc has officially claimed one of the most painful records in Formula 1 history, and it's a statistic that perfectly captures the frustration of his career with Ferrari.
With 1,905 career points, Leclerc has surpassed Valtteri Bottas, who finished his career with 1,797 points, to become the driver with the most points in F1 history without winning a World Drivers' Championship.
Let that sink in for a moment.
Nine Grand Prix victories. 56 podium finishes. 27 pole positions. And yet, despite all that success, Leclerc is still chasing the one achievement that matters most in Formula 1: becoming world champion.
When Leclerc joined Ferrari in 2019, the expectations were enormous. He was viewed as one of the sport's brightest young talents, and his early victories at Spa and Monza immediately showed why Ferrari had invested so heavily in him.

#leclerc #history #bottas

The wealthy live in a different reality, and they often flaunt it arrogantly in front of others. Here, we share some absurd situations witnessed by drivers of Reddit, who observed firsthand how affluent individuals behave while being driven around.
Navigating city traffic on a daily basis is no simple task. Drivers encounter all sorts of passengers, each with their own unique stories, expectations, and distinct personalities.
In this instance, drivers share their experiences transporting wealthy individuals, recounting the unexpected situations that can arise when dealing with such extravagant and highly idiosyncratic personalities. Get ready to read some unusual things about wealthy people.
Pinterest
"My father drove one of the comedians from blue collar comedy tour and he said he heard him talking to someone about how much merchandise they sold at the show that he was just performing. I thought that was kinda cool."

#drivers #Share

Residents near Hull City's training ground say they are concerned about safety after two players overturned their cars on the same street within weeks of each other.
Both players escaped without injury following the crashes near the club's training ground on Mill House Woods Lane in Cottingham, East Yorkshire.
Carol White, who lives on the narrow street, said: "Maybe the Football **** ociation ought to pay to do some training with them about being considerate drivers."
Hull City has not responded to requests for a comment.
Winger Sorba Thomas was involved in the first incident on 11 September, when his Land Rover overturned and ended up on its roof.

#ground #street #mill

Former Fox News anchor Megyn Kelly unleashed a tirade at Olivia Rodrigo on Monday (October 5), telling the pop star to "shut up and stick to singing" after she spoke out about the Cornell 7 case.
"Olivia, in sum, you don't know what the f*** you're talking about. Shut up and stick to singing," Kelly said on her SiriusXM show, per Variety. "I liked you better when you were in front of a microphone singing your weird little depressing songs."
On Sunday (October 4), Rodrigo shared a post on her Instagram Story supporting the Jane Doe at the center of the Cornell 7 lawsuit. "Shame on Cornell and on every institution who protects rapists and abusers over women," the "drivers license" singer wrote. "I stand with Jane Doe. Her bravery reverberates across the country and the crimes against her will not go unpunished."
She added, "What she lived through matters, and so does the failure of those who could have intervened but chose not to. She deserves answers, consequences, and lasting change."
Rodrigo was talking about the lawsuit filed against Cornell University by an unnamed student, who accused seven men of raping and drugging her at a frat house party in October 2024. Her lawsuit claims that the university failed to protect her and instead protected the perpetrators.

#lawsuit #jane

Interested in Texas Instruments Incorporated? Here are five stocks we like better.
Texas Instruments, Philip Morris International, and W.P. Carey all recently raised their dividends and offer yields ranging from roughly 2% to nearly 6%.
Although all three stocks show elevated trailing payout ratios, forward-looking estimates using future earnings or AFFO suggest their dividends are sustainable.
Each company's growth drivers differ, with Texas Instruments benefiting from chip demand, Philip Morris from smoke-free products, and W.P. Carey facing pressure from higher interest rates.
Texas Instruments (NASDAQ: TXN), Philip Morris International (NYSE: PM), and W.P. Carey (NYSE: WPC) are key names across semiconductors, tobacco, and real estate with strong dividend yields. These three names not only have yields between 2% and 6% but also just increased their payments. At first glance, their dividend sustainability looks questionable, with all three having elevated payout ratios. However, adjusting for future growth and using the appropriate payout metric shows that their dividends are on solid footing.

#instruments #dividends #yields #international

Investors eager to buy into the futuristic vision of profitable driverless vehicles will get their chance soon. May Mobility is aiming to become the first U.S. publicly listed pure-play option for an autonomous ride-hailing technology company. It is poised to go public through a special purpose acquisition company (SPAC), merging with ACP Holdings Acquisition (NASDAQ: ACGC) that values the combined company at roughly $1.4 billion.
It's expected to operate as May Mobility. trading on the Nasdaq exchange under MAY. But before investors get too excited, let's pump the brakes and take a look at the details.
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 »
It's easy for investors to get excited about the opportunity, but many might not be aware of the potential market size or growth prospects. The global robotaxi market is projected to reach about $415 billion by 2035, with the U.S. accounting for a roughly $48 billion slice of that pie. The fleet of U.S. commercial autonomous vehicles (AVs) is projected to expand from only about 4,000 vehicles currently to around 35,000 by 2030 -- or about 8% of the ride-sharing market.
A year ago this month, Bank of America projected that the long-term U.S. total addressable market (TAM) for AV ride-hailing is a trillion-dollar opportunity as companies such as May Mobility aim to replace the drivers that take roughly 70% of every fare. It's also important for investors to realize how early in the game this is: Alphabet's Waymo, with an estimated $350 million in annualized revenue, would represent only about 0.5% of U.S. ride-hailing bookings.

#vehicles #company #roughly #billion

MACOM Technology Solutions is suddenly giving investors two numbers to think about: its stock has more than doubled over the past year, and its newest optical components push data rates toward another doubling.
asharkyu/Shutterstock.com
MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) announced a 3.2-terabit optical chipset on September 17 built around eight 448-Gbps PAM-4 channels. A day later, BMO Capital upgraded the shares to Outperform with a $335 target, arguing that a 36% decline from the May peak had compressed MACOM's forward valuation to roughly 29 times earnings while data-center fundamentals remained intact.
That puts Coherent Corp. (NYSE:COHR) directly in the conversation because both companies supply the optical connectivity needed to keep larger AI clusters fed with data.
MACOM's new platform combines drivers, photodiodes and transimpedance amplifiers for next-generation optical modules. The company says the components are already available, rather than merely a research roadmap.

#data #macom #holdings #NASDAQ

On September 9, 2026, Reuters reported that Alphabet Inc. (NASDAQ:GOOGL)'s Google will invest at least €13 billion, or about $15.1 billion, in AI infrastructure in Finland over the next two years, its biggest European investment, including three new data centers and a 22-year deal for up to 50% of the output of one of Finland's two nuclear power plants. The agreement with Finnish utility Fortum is Google's first nuclear energy deal outside the United States, and Fortum's stock jumped as much as 15.5% on the news, its biggest gain in Europe that day.
Finland gives Alphabet Inc. (NASDAQ:GOOGL) a potentially more cost-efficient location for its expanding AI infrastructure. Google plans to invest at least €13 billion ($15.1 billion) in three new data centers and related infrastructure in Finland during 2027 and 2028. The country's cold climate can reduce the need for energy-intensive cooling. The investment will also help grid improvements, clean-energy projects and battery storage.
The 22-year nuclear power agreement gives Google greater control over a critical input for AI infrastructure. Google will purchase up to 50% of the electricity generated by Finland's Loviisa nuclear plant, providing a long-term source of low-carbon power for its data-center operations. The agreement also gives Fortum greater economic certainty to extend and upgrade the plant through 2050. Google and Fortum plan to explore more nuclear and renewable projects.
Alphabet has strong demand drivers that can justify investment in AI capacity. The firm has increased its 2026 global capital investment target to $195 billion-$205 billion as it seeks to capture growing AI computing demand. Google is using the additional infrastructure to support Gemini, Search, Maps, and YouTube. It gives Alphabet multiple major products through which it can monetize greater AI capacity over time.
The Finland project adds another major commitment to Alphabet Inc. (NASDAQ:GOOGL)'s already enormous AI spending program. Alphabet expects to spend $195 billion-$205 billion on capital investment globally in 2026. The Finnish project will require at least another €13 billion during 2027 and 2028. Investors need Alphabet to make enough incremental revenue and cash flow from AI services to justify an infrastructure buildout that is rapidly increasing the company's capital requirements.

#billion #Google #investment #googl

On September 9, 2026, Reuters reported that Amazon.com, Inc. (NASDAQ:AMZN) raised £4.25 billion, or about $5.76 billion, in its first-ever sterling bond sale, slightly more than initially expected, as part of a four-tranche deal spanning 3 to 19 years. Final investor demand came in at more than £10.65 billion, roughly 2.5 times the amount raised, but that was notably lower than the demand Alphabet saw for its own sterling debut in February, a sign ******* ysts said shows hyperscaler borrowing may be starting to test the limits of investor appetite.
Amazon.com, Inc. (NASDAQ:AMZN)'s first sterling bond sale shows that investors still have a strong appetite for its debt. The firm raised $5.8 billion through the offering, and demand reached roughly 2.5 times the amount available. The sterling market also has relatively limited supply of large technology-company debt. It could back up demand for future Amazon issuance in the currency. Strong demand gives Amazon another funding channel as it finances its large-scale AI and cloud infrastructure investments.
Amazon can put the proceeds toward AWS, its fastest-growing major business. AWS revenue increased 36.7% year over year in the second quarter. It marks its fastest growth rate in 18 quarters as demand for AI infrastructure accelerated. Funding more data centers, computing capacity and related infrastructure could allow Amazon to capture more of that demand. If AWS sustains its growth while making strong operating profits, the additional debt could support investments in one of Amazon's most important long-term earnings drivers.
The sterling offering diversifies Amazon's funding base as its capital requirements grow. Amazon issued four tranches with maturities ranging from three to 19 years. It gives the business access to UK investors while adding sterling financing alongside its existing dollar, euro, Swiss franc and yen debt. This overall investor base gives Amazon greater flexibility to raise capital across different markets and currencies. So diversification could become more valuable as Amazon funds an unprecedented AI infrastructure buildout without relying entirely on one debt market.
Amazon.com, Inc. (NASDAQ:AMZN)'s weaker reception compared with Alphabet signals that investors may demand higher borrowing costs from hyperscalers. Amazon's sterling offering attracted about 2.5 times coverage, below Alphabet's roughly 3.5 times coverage for its recent euro bond sale. The difference shows that demand for hyperscaler debt is not unlimited. If investor appetite continues to weaken, Amazon could face higher yields on future borrowing, increasing the cost of financing its AI infrastructure expansion.

#sterling #infrastructure #NASDAQ #amzn

Costco is expanding its same-day delivery network as it looks to grow e-commerce sales and compete with retailers like Walmart and Target.
The retailer this week launched collaborations with DoorDash (NASDAQ: DASH) and Uber (NYSE: UBER) to pick up online orders at U.S. stores and drive them to the customer's door. The arrangements give Costco more channels to reach customers through ultra-fast delivery, made possible by gig drivers who use the platforms to select ******* ignments.
DoorDash, best known for delivering restaurant food, announced that Costco (NASDAQ: COST) members can now order groceries, dry goods, household essentials and other products from its marketplace and then arrange fast delivery from their local store, all through the DoorDash app. The U.S. launch extends the existing relationship between the companies in Australia, New Zealand, Sweden, Iceland and Puerto Rico.
DoorDash now serves eight of the 10 largest food retailers in North America.
On Wednesday, Uber announced a major expansion of its partnership with Costco to deliver products in 47 states, up from 17 states. Nearly 600 Costco locations are now available on the Uber Eats app, where shoppers can arrange on-demand and scheduled delivery.

#Food #announced

On August 19, Ferrovial (NASDAQ:FER) announced it had been selected to deliver the I-24 Southeast Choice Lanes, a 26-mile project running between Nashville and Murfreesboro. It is the largest single capital investment in Tennessee's history and the state's first public-private partnership. The price tag is $9.2 billion, though Ferrovial isn't carrying it alone, since its DriveTN consortium also counts Transurban and Tikehau Star Infra as partners.
Choice lanes are familiar ground for Ferrovial, which has replicated the model in Washington, D.C., Charlotte and Dallas-Fort Worth. On Virginia's 66 Express corridor, similar lanes shaved up to 50% off peak-hour travel times. That is the pitch for I-24, a stretch of highway that already ranks among the region's most jammed: drivers who opt in get steadier speeds, and those in the free lanes should see less traffic too.
The business behind the bid looks healthy, too. Ferrovial's July 28 results showed adjusted EBITDA up 21.6% on a like-for-like basis to €746 million over the first six months of the year, with U.S. highways doing most of the lifting. Those roads are sending cash home as well, since Ferrovial received €357 million in dividends from North America. And the construction order book reached an all-time high of €18 billion, so plenty of work is already in hand. The pipeline keeps filling: Ferrovial bid on I-285 East in Georgia in July, and its D35 Highway bid in the Czech Republic was the most cost-effective submitted, with technical evaluation still underway.
Beyond the roads, the balance sheet looks sturdy. Ferrovial ended the first half with €1.3 billion in net cash, excluding infrastructure projects, meaning cash outweighs debt outside those projects. The airport arm is progressing too: Ferrovial has finished funding the $1.1 billion in equity it pledged for New Terminal One at JFK, and construction there is 92% complete.
Start with the line that looks worst on the page. Net profit for the first half of 2026 came in at €258 million, versus €540 million for the same period of 2025. That earlier figure included capital gains from ******* et rotation, which makes the comparison harsh, but the mismatch is still there: EBITDA climbed while reported profit fell.

#first #million #choice

This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter.
Truckload LLC, doing business as Expedite Express, filed for Chapter 11 bankruptcy last week, a process typically done to reorganize operations.
The Southwest Florida-based carrier estimated its **** ets between $100,000 and $500,000 with estimated liabilities of $50,000 or less, per a voluntary petition in court. The business also suggested it had at least 50 creditors.
The business has four power units and eight drivers, according to a federal database as of early June, and provides services across North America, per its website.
Expedite Express joins a list of trucking companies declaring bankruptcy in 2026 as financial and operational challenges continue to batter the industry.

#dive #estimated #chapter

Tesla's (NASDAQ: TSLA) business is in an interesting spot. The company saw a significant sales rebound in the second quarter, with revenue rising 26% year over year to reach $22.5 billion. Recent reports also suggest that the company's share of the U.S. electric vehicle (EV) market has risen sharply amid a substantial sales contraction for the overall industry. And while the company's net income fell 5% annually in the second quarter, the business still recorded net income of $1.11 billion in the period.
On the other hand, positive net income doesn't tell the whole story because the metric doesn't include capital expenditures (capex) that are recorded as ****** ets on the balance sheet. With Tesla betting big on its robotaxi project, Optimus humanoid robots, and other potential growth drivers, the company recorded $5.79 billion in capex in Q2. As a result, the business posted -$1.1 billion in free cash flow (FCF) in the period. With FCF coming up negative lately, the company's $43.5 billion cash position provides a valuable cushion.
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 »
Tesla posted substantial sales growth in the second quarter as some of the pressures facing the brand eased, higher gas prices encouraged EV purchases, and price cuts helped spur demand. On the other hand, it remains to be seen whether this sales growth momentum is sustainable -- and banking on the core EV business to be an earnings driver that can support the company's highly growth-dependent valuation seems unwise.
While Tesla has seen competitors based in the U.S., ****** an, and South Korea reduce their focus on the EV market, BYD and other China-based rivals are making inroads in the market and continue to bet heavily on long-term growth in the category. CEO Elon Musk appears to have a good grasp on the challenging competitive landscape and has been positioning robotaxis, humanoid robots, and semiconductor projects as the core elements of his company's growth strategy.

#NVIDIA

Kestra Medical Technologies, Ltd. (NASDAQ:KMTS) reported on September 14 that fiscal first-quarter 2027 revenue increased 60% to $31.0 million. Gross margin reached 56.5%, up from 45.7%, for the quarter ended July 31, 2026.
Management raised fiscal 2027 revenue guidance to $141 million from $137 million, implying 48% annual growth. The outlook strengthens the commercial story, but the expanding organization still consumes substantially more than the business generates in gross profit.
Kestra Medical Technologies, Ltd. (NASDAQ:KMTS) attributed revenue growth to wearable cardioverter defibrillator market expansion, competitive share gains, new sales territories, a higher proportion of in-network patients and improvements in revenue cycle management.
These drivers suggest several ways to expand: reach more patients, improve reimbursement outcomes, and collect revenue more effectively. Their investment value depends on sustaining growth without requiring a matching increase in support costs.
Gross profit nearly doubled to $17.5 million from $8.9 million. Management attributed the margin improvement to higher volume, the in-network patient mix, and cost initiatives. The company is retaining more of each revenue dollar to fund selling expenses and product development.

#million #kestra #kmts

Updated Sept. 17, 2026 2:46 pm ET
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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

Johnson & Johnson (JNJ) has been a rewarding stock to hold, up about 53% over the past year against about 17% for the S&P 500. The change worth noticing over that stretch is quieter than the price. Management said sales still rose 5.6% despite a STELARA drag of about 460 basis points. Management is encouraging investors to evaluate the company's underlying momentum by presenting growth rates that exclude STELARA alongside its reported figures.
A year and a half ago, that drag was the headline. Management's own framing of the first quarter of 2025 noted an approximate 810 basis point headwind on Innovative Medicine sales.
By the second quarter of 2026, that segment-level drag remained heavy at roughly 760 basis points (or about 460 basis points across the total enterprise), yet management's emphasis shifted to highlighting double-digit operational growth excluding STELARA
The exclusion is not a rounding adjustment. STELARA sales fell 55.7% in the second quarter of 2026, and management put that drag at about 460 basis points of the whole company's 5.6% operational sales growth.
Two products show what the replacement looks like. TREMFYA booked $2 billion of sales in the second quarter of 2026, up over 70%, and management says ulcerative colitis and Crohn's disease are the major drivers of that growth. ICOTYDE, a recently launched once-daily pill for psoriasis, is the second, which leadership has highlighted as a key pipeline priority for the immunology business.

#sales #basis #drag #quarter

Nearly 600 people have died in crashes since 2024 with trucks operated by companies that had never been subjected to a roadside safety inspection.
By John Kelly and Steve Reilly
Published September 17, 2026
A truck operated by Next Level Express Inc. slammed into an SUV parked on the shoulder of the New Jersey Turnpike last December, killing two parents and their daughter on the way home from a family gathering. A second daughter survived.
In the decade before the crash, none of the company's trucks or drivers had been subjected to a single roadside inspection.
It's a pattern repeating hundreds of times a year.

#john

As markets anxiously await the outcome of the current FOMC meeting, Treasury yields notched new 19-year highs in trading Tuesday. The closely watched 10-year surpassed 5.0% Tuesday morning in a high not seen since July 2007. Even the 30-year Treasury yield rose sharply, hitting 5.4%, its highest since June 2007.
In addition to worries over persistent, rising core inflation (one of the Fed's preferred inflation measurements), skyrocketing oil prices and shortages create further pressure on Treasuries. Currently, the rolling one-month correlation between the 10-year Treasury yield and front-month WTI (West Texas Intermediate) crude sits at 0.96 per BMO Capital Markets ****** ysis.
Bond yields and oil prices have moved in tandem for much of this year as investors position for the longer-term inflationary impact of higher oil prices. And with major oil execs sounding the alarm on global supply cache shortages and strategic reserves depletion that help to temporarily soften spiking oil prices for consumers, these pricing pressures are likely to continue in the near-term. Saudi Arabia announced the closure of its East-West pipeline that bypassed the Strait of Hormuz after it came under attack late last week, and cancelled some shipments to Europe, reported Reuters.
"Normally, the relationship isn't as clean as it is now, but the geopolitical drivers behind the price of oil and global inflation are so prominent that the normally modest correlation has become much tighter," Steve Sosnick, Chief Strategist, Interactive Brokers told CNBC. "As long as oil prices remain firm and continue to drift higher, this will add pressure to interest rates."
As macro uncertainty continues and inflation persists, bonds and oil/energy will be categories to keep a weather eye towards and could see renewed ETF investor attention. Currently, investors are seizing the opportunity in longer-term bonds, with $9.7 billion flowing into the iShares 20+ Year Treasury Bond ETF (TLT) in the last three months though the fund is only up $3.4 billion net YTD according to FactSet data. It will be a category likely to see action in the wake of the FOMC rate decision. As bond yields climb, prices fall as they move inverse to each other, and should yields climb higher, investors may choose to scoop up longer duration bonds at depreciated prices for future gains. However, an exodus is more likely until the path of rate hikes becomes more certain.

#treasury #longer #higher

Two races into NASCAR's new Chase, the championship standings are already showing how quickly things can change.
Kyle Larson left Darlington 49 points behind Denny Hamlin. One win at Gateway later, he sits second, just nine points back.
Ryan Blaney experienced the opposite. He entered Gateway 16 points behind Hamlin before a brake failure ended his race in 35th. Now he trails by 33.
Next comes Bristol Motor Speedway, and there is no reset waiting on the other side.
Under NASCAR's previous playoff format, drivers raced through elimination rounds with points resets along the way. The 2026 Chase is different. After the initial reseeding, all 10 races count toward the same championship total.

#points #championship