1 hr. ago
Aug 19 (Reuters) - Lyntris' shares fell 11.4% in the defense contractor's New York debut on Wednesday, giving the company a valuation of $1.78 billion and underscoring investor caution toward new listings.
Shares of the company opened at $15.5 each, below the initial public offering price of $17.50 apiece.
The Falls Church, Virginia-based company and some of its existing shareholders downsized the IPO to 17 million shares on Tuesday and raised $297.5 million, after the company and its shareholders had initially marketed 24 million shares at $19 to $22 apiece.
The company sold about 5.7 million shares in the IPO, more than its earlier proposal of about 4.9 million shares, while existing shareholders cut their offering by more than 7.8 million shares.
The U.S. IPO market has rebounded strongly in recent months, bringing startups across sectors to the public markets. However, investors remain selective.
#shares #apiece #existing
Shares of the company opened at $15.5 each, below the initial public offering price of $17.50 apiece.
The Falls Church, Virginia-based company and some of its existing shareholders downsized the IPO to 17 million shares on Tuesday and raised $297.5 million, after the company and its shareholders had initially marketed 24 million shares at $19 to $22 apiece.
The company sold about 5.7 million shares in the IPO, more than its earlier proposal of about 4.9 million shares, while existing shareholders cut their offering by more than 7.8 million shares.
The U.S. IPO market has rebounded strongly in recent months, bringing startups across sectors to the public markets. However, investors remain selective.
#shares #apiece #existing
4 hours ago
On August 18, Comcast Corp. (NASDAQ:CMCSA) announced Xfinity Shield, a new home security platform meant to make its broadband service harder to leave. The rollout matters because Comcast has spent much of 2026 managing broadband subscriber losses, and a bundled security product gives the company something fiber and wireless rivals cannot easily replicate. Xfinity Shield combines Wi-Fi-based protection, cybersecurity, and family controls inside the existing Xfinity app, folding a new revenue lever onto a business that badly needs one.
Xfinity Shield ships free to every Xfinity Internet customer, with a $15-a-month tier adding an indoor camera, door and window sensors, cloud video storage, and 24/7 urgent response. Comcast product chief Fraser Stirling described the strategy plainly, saying the company is "lowering the barrier of entry to the idea of a total security product under Xfinity Shield." The timing lines up with how connected the average home has become. Comcast says the typical Xfinity customer now runs 36 devices on their home Wi-Fi, and its network filters an average of 30 million threats every day, numbers that make a bundled security layer feel less like an add-on and more like a necessity.
That stickiness push sits on top of a business that already throws off serious cash. Comcast generated nearly $21.9 billion in free cash flow in FY 2025 and turned $123.7 billion in revenue into roughly $20.0 billion of net income, a 16.2% margin. Execution has held up too. Peacock turned profitable for the first time, wireless lines crossed a major milestone, and Comcast beat earnings estimates in its most recent quarter, evidence that the company can still deliver even while restructuring around it.
None of that changes the core problem Xfinity Shield is designed to fix: broadband subscribers are still leaving. Comcast faces intensifying competition from fiber providers and 5G fixed wireless rivals, a fight that keeps chipping away at what was once a near-monopoly business. The balance sheet reflects a company carrying real leverage, with a debt-to-equity ratio of 1.1x and a current ratio of 0.9x, meaning short-term liabilities outweigh short-term ***** ets as of the December 2025 balance sheet.
Comcast also paused its share buyback program ahead of a planned NBCUniversal spinoff, a separation that adds years of complexity for investors trying to value the pieces separately. The company took an $8.6 billion noncash impairment tied to Sky, and rising costs for sports broadcasting rights, including the NFL and NBA, continue to pressure the media segment. There is also an uncomfortable irony in Comcast selling a cybersecurity product months after agreeing to a $117.5 million settlement over a prior Xfinity data breach, a reminder that the company's own network security has already been tested and found wanting once.
#home #broadband
Xfinity Shield ships free to every Xfinity Internet customer, with a $15-a-month tier adding an indoor camera, door and window sensors, cloud video storage, and 24/7 urgent response. Comcast product chief Fraser Stirling described the strategy plainly, saying the company is "lowering the barrier of entry to the idea of a total security product under Xfinity Shield." The timing lines up with how connected the average home has become. Comcast says the typical Xfinity customer now runs 36 devices on their home Wi-Fi, and its network filters an average of 30 million threats every day, numbers that make a bundled security layer feel less like an add-on and more like a necessity.
That stickiness push sits on top of a business that already throws off serious cash. Comcast generated nearly $21.9 billion in free cash flow in FY 2025 and turned $123.7 billion in revenue into roughly $20.0 billion of net income, a 16.2% margin. Execution has held up too. Peacock turned profitable for the first time, wireless lines crossed a major milestone, and Comcast beat earnings estimates in its most recent quarter, evidence that the company can still deliver even while restructuring around it.
None of that changes the core problem Xfinity Shield is designed to fix: broadband subscribers are still leaving. Comcast faces intensifying competition from fiber providers and 5G fixed wireless rivals, a fight that keeps chipping away at what was once a near-monopoly business. The balance sheet reflects a company carrying real leverage, with a debt-to-equity ratio of 1.1x and a current ratio of 0.9x, meaning short-term liabilities outweigh short-term ***** ets as of the December 2025 balance sheet.
Comcast also paused its share buyback program ahead of a planned NBCUniversal spinoff, a separation that adds years of complexity for investors trying to value the pieces separately. The company took an $8.6 billion noncash impairment tied to Sky, and rising costs for sports broadcasting rights, including the NFL and NBA, continue to pressure the media segment. There is also an uncomfortable irony in Comcast selling a cybersecurity product months after agreeing to a $117.5 million settlement over a prior Xfinity data breach, a reminder that the company's own network security has already been tested and found wanting once.
#home #broadband
4 hours ago
On August 17, Google, a unit of Alphabet Inc. (NASDAQ:GOOGL), agreed to buy internal business data from bankrupt Spirit Airlines for $10 million, outbidding a $7.5 million offer from AI data company Mercor. The haul includes employee emails, Microsoft Teams messages, spreadsheets, calendars, and marketing and operations records, all to be stripped of customer information before the sale closes at a bankruptcy court hearing. It is a tiny deal by Alphabet's standards. But it says something about how aggressively the company is hunting for raw material to train its AI models.
Google Cloud revenue grew 82% year over year to $24.8 billion in the second quarter, accelerating from 63% growth in the first. That pace dwarfs the 43% growth Microsoft reported for Azure and the 37% growth Amazon posted for AWS over the same period. Google Cloud is still the smallest of the three in dollar terms, but its operating income more than tripled, from $2.8 billion to $8.8 billion, pushing its margin from about 21% to 36%. Its backlog reached $514 billion, roughly five years of work at the current pace, and Alphabet expects to recognize just over half of it as revenue within 24 months. CEO Sundar Pichai said nearly 90% of the Fortune 100 now use its Gemini Enterprise model, with existing customers exceeding their original commitments by more than 50%.
AI is reshaping the advertising side of the business too. Gemini is helping Alphabet find relevant ads for longer, harder-to-monetize searches, while a tool called AI Max uses AI to expand keyword matches and rewrite ad copy automatically. Management has credited AI Overviews and AI Mode with lifting search revenue by making results more relevant, all built on top of a Chrome browser with 68% global market share and a Google Search engine that holds 91%.
Alphabet's headline numbers are less impressive up close. The company reported net income of $112.2 billion on revenue of $119.8 billion in the second quarter, but $98 billion of that came from "other income," driven mainly by a $94.1 billion unrealized gain tied to its early stake in **** eX. Alphabet invested $900 million in **** eX back in 2015 for roughly 7.5% of the company, a position that ballooned in value after **** eX's June IPO priced shares at $135 and closed the quarter at $170.86. Strip that gain out and Alphabet's net income falls closer to $18 billion, which works out to a 35% year-over-year decline in earnings per share. Because the gain is unrealized, it rises and falls with **** eX's stock price and could reverse just as fast as it appeared.
#year
Google Cloud revenue grew 82% year over year to $24.8 billion in the second quarter, accelerating from 63% growth in the first. That pace dwarfs the 43% growth Microsoft reported for Azure and the 37% growth Amazon posted for AWS over the same period. Google Cloud is still the smallest of the three in dollar terms, but its operating income more than tripled, from $2.8 billion to $8.8 billion, pushing its margin from about 21% to 36%. Its backlog reached $514 billion, roughly five years of work at the current pace, and Alphabet expects to recognize just over half of it as revenue within 24 months. CEO Sundar Pichai said nearly 90% of the Fortune 100 now use its Gemini Enterprise model, with existing customers exceeding their original commitments by more than 50%.
AI is reshaping the advertising side of the business too. Gemini is helping Alphabet find relevant ads for longer, harder-to-monetize searches, while a tool called AI Max uses AI to expand keyword matches and rewrite ad copy automatically. Management has credited AI Overviews and AI Mode with lifting search revenue by making results more relevant, all built on top of a Chrome browser with 68% global market share and a Google Search engine that holds 91%.
Alphabet's headline numbers are less impressive up close. The company reported net income of $112.2 billion on revenue of $119.8 billion in the second quarter, but $98 billion of that came from "other income," driven mainly by a $94.1 billion unrealized gain tied to its early stake in **** eX. Alphabet invested $900 million in **** eX back in 2015 for roughly 7.5% of the company, a position that ballooned in value after **** eX's June IPO priced shares at $135 and closed the quarter at $170.86. Strip that gain out and Alphabet's net income falls closer to $18 billion, which works out to a 35% year-over-year decline in earnings per share. Because the gain is unrealized, it rises and falls with **** eX's stock price and could reverse just as fast as it appeared.
#year
5 hours ago
On August 17, Uber Technologies (NYSE:UBER) announced a partnership with drone delivery company Zipline to bring autonomous drone delivery to Uber Eats customers across the United States, alongside a strategic investment in the company. The deal is Uber's second major drone bet after last year's tie-up with Flytrex, and it lands as the ride-hailing giant tries to convince investors its business is stronger than its stock price suggests. Shares are down roughly 9% this year even as revenue, profit, and user growth have all moved in the right direction.
Uber's core business kept expanding through the second quarter. Monthly active platform consumers climbed 16% year over year to 208 million, and trips rose 18% over the same period. CEO Dara Khosrowshahi told shareholders that Uber added more first-time users over the past 12 months than in any period over the previous five years, a sign the platform is still finding new riders rather than just retaining old ones. Gross bookings, the total dollar value spent across rides, delivery, and freight, jumped 24% year over year to $58 billion in the second quarter, and management is guiding for at least $58.3 billion in the third.
Delivery is doing much of the heavy lifting. The segment's revenue grew 28% year over year in the second quarter, compared to just 1% growth in transportation, and delivery now accounts for more than a third of total sales. That momentum is why the Zipline partnership matters. The companies are targeting 1 million drone deliveries per day by the end of 2029, with the first flights beginning later this year in Zipline's existing US markets before expanding to dozens of additional cities. Zipline already operates on four continents, has completed 2 million deliveries, and was valued at $7.6 billion after raising $800 million earlier this year, a well-funded partner rather than an unproven startup.
Uber is chasing a similar playbook with autonomous vehicles. Self-driving cars are already active in seven cities on the platform, and Khosrowshahi said that could more than double to 15 by the end of 2026, backed by roughly $10 billion Uber plans to deploy to help its autonomous partners scale over the next few years.
None of this has translated into the stock price. Uber shares are down about 9% year to date, even as the fundamentals have moved in the opposite direction. When a company's results improve while its stock falls, it usually means investors are pricing in risks that have not shown up in the numbers yet.
#drone #zipline #billion #autonomous
Uber's core business kept expanding through the second quarter. Monthly active platform consumers climbed 16% year over year to 208 million, and trips rose 18% over the same period. CEO Dara Khosrowshahi told shareholders that Uber added more first-time users over the past 12 months than in any period over the previous five years, a sign the platform is still finding new riders rather than just retaining old ones. Gross bookings, the total dollar value spent across rides, delivery, and freight, jumped 24% year over year to $58 billion in the second quarter, and management is guiding for at least $58.3 billion in the third.
Delivery is doing much of the heavy lifting. The segment's revenue grew 28% year over year in the second quarter, compared to just 1% growth in transportation, and delivery now accounts for more than a third of total sales. That momentum is why the Zipline partnership matters. The companies are targeting 1 million drone deliveries per day by the end of 2029, with the first flights beginning later this year in Zipline's existing US markets before expanding to dozens of additional cities. Zipline already operates on four continents, has completed 2 million deliveries, and was valued at $7.6 billion after raising $800 million earlier this year, a well-funded partner rather than an unproven startup.
Uber is chasing a similar playbook with autonomous vehicles. Self-driving cars are already active in seven cities on the platform, and Khosrowshahi said that could more than double to 15 by the end of 2026, backed by roughly $10 billion Uber plans to deploy to help its autonomous partners scale over the next few years.
None of this has translated into the stock price. Uber shares are down about 9% year to date, even as the fundamentals have moved in the opposite direction. When a company's results improve while its stock falls, it usually means investors are pricing in risks that have not shown up in the numbers yet.
#drone #zipline #billion #autonomous
6 hours ago
Aug 19 (Reuters) - Lyntris' shares fell 11.4% in the defense contractor's New York debut on Wednesday, giving the company a valuation of $1.78 billion and underscoring investor caution toward new listings.
Shares of the company opened at $15.5 each, below the initial public offering price of $17.50 apiece.
The Falls Church, Virginia-based company and some of its existing shareholders downsized the IPO to 17 million shares on Tuesday and raised $297.5 million, after the company and its shareholders had initially marketed 24 million shares at $19 to $22 apiece.
The company sold about 5.7 million shares in the IPO, more than its earlier proposal of about 4.9 million shares, while existing shareholders cut their offering by more than 7.8 million shares.
The U.S. IPO market has rebounded strongly in recent months, bringing startups across sectors to the public markets. However, investors remain selective.
#company #shareholders
Shares of the company opened at $15.5 each, below the initial public offering price of $17.50 apiece.
The Falls Church, Virginia-based company and some of its existing shareholders downsized the IPO to 17 million shares on Tuesday and raised $297.5 million, after the company and its shareholders had initially marketed 24 million shares at $19 to $22 apiece.
The company sold about 5.7 million shares in the IPO, more than its earlier proposal of about 4.9 million shares, while existing shareholders cut their offering by more than 7.8 million shares.
The U.S. IPO market has rebounded strongly in recent months, bringing startups across sectors to the public markets. However, investors remain selective.
#company #shareholders
6 hours ago
Rox Resources has formalised a binding native **** le mining agreement with the Badimia Barna Native **** le Claim Applicant, providing a framework for operations at the Youanmi Gold Mine in Western Australia (WA).
The agreement covers project tenements held by Rox Resources and its wholly owned subsidiary Rox (Murchison).
It provides Rox Resources with consent for the grant and renewal of current and future mining tenure and approvals within the Youanmi project area.
This consent will apply to both existing tenements and any new applications submitted by the company in the defined region.
As part of the agreement, a structure is being established for continued cooperation on heritage protection and environmental considerations.
#title #mining
The agreement covers project tenements held by Rox Resources and its wholly owned subsidiary Rox (Murchison).
It provides Rox Resources with consent for the grant and renewal of current and future mining tenure and approvals within the Youanmi project area.
This consent will apply to both existing tenements and any new applications submitted by the company in the defined region.
As part of the agreement, a structure is being established for continued cooperation on heritage protection and environmental considerations.
#title #mining
7 hours ago
On August 18, Comcast Corp. (NASDAQ:CMCSA) announced Xfinity Shield, a new home security platform meant to make its broadband service harder to leave. The rollout matters because Comcast has spent much of 2026 managing broadband subscriber losses, and a bundled security product gives the company something fiber and wireless rivals cannot easily replicate. Xfinity Shield combines Wi-Fi-based protection, cybersecurity, and family controls inside the existing Xfinity app, folding a new revenue lever onto a business that badly needs one.
Xfinity Shield ships free to every Xfinity Internet customer, with a $15-a-month tier adding an indoor camera, door and window sensors, cloud video storage, and 24/7 urgent response. Comcast product chief Fraser Stirling described the strategy plainly, saying the company is "lowering the barrier of entry to the idea of a total security product under Xfinity Shield." The timing lines up with how connected the average home has become. Comcast says the typical Xfinity customer now runs 36 devices on their home Wi-Fi, and its network filters an average of 30 million threats every day, numbers that make a bundled security layer feel less like an add-on and more like a necessity.
That stickiness push sits on top of a business that already throws off serious cash. Comcast generated nearly $21.9 billion in free cash flow in FY 2025 and turned $123.7 billion in revenue into roughly $20.0 billion of net income, a 16.2% margin. Execution has held up too. Peacock turned profitable for the first time, wireless lines crossed a major milestone, and Comcast beat earnings estimates in its most recent quarter, evidence that the company can still deliver even while restructuring around it.
None of that changes the core problem Xfinity Shield is designed to fix: broadband subscribers are still leaving. Comcast faces intensifying competition from fiber providers and 5G fixed wireless rivals, a fight that keeps chipping away at what was once a near-monopoly business. The balance sheet reflects a company carrying real leverage, with a debt-to-equity ratio of 1.1x and a current ratio of 0.9x, meaning short-term liabilities outweigh short-term ****** ets as of the December 2025 balance sheet.
Comcast also paused its share buyback program ahead of a planned NBCUniversal spinoff, a separation that adds years of complexity for investors trying to value the pieces separately. The company took an $8.6 billion noncash impairment tied to Sky, and rising costs for sports broadcasting rights, including the NFL and NBA, continue to pressure the media segment. There is also an uncomfortable irony in Comcast selling a cybersecurity product months after agreeing to a $117.5 million settlement over a prior Xfinity data breach, a reminder that the company's own network security has already been tested and found wanting once.
#company
Xfinity Shield ships free to every Xfinity Internet customer, with a $15-a-month tier adding an indoor camera, door and window sensors, cloud video storage, and 24/7 urgent response. Comcast product chief Fraser Stirling described the strategy plainly, saying the company is "lowering the barrier of entry to the idea of a total security product under Xfinity Shield." The timing lines up with how connected the average home has become. Comcast says the typical Xfinity customer now runs 36 devices on their home Wi-Fi, and its network filters an average of 30 million threats every day, numbers that make a bundled security layer feel less like an add-on and more like a necessity.
That stickiness push sits on top of a business that already throws off serious cash. Comcast generated nearly $21.9 billion in free cash flow in FY 2025 and turned $123.7 billion in revenue into roughly $20.0 billion of net income, a 16.2% margin. Execution has held up too. Peacock turned profitable for the first time, wireless lines crossed a major milestone, and Comcast beat earnings estimates in its most recent quarter, evidence that the company can still deliver even while restructuring around it.
None of that changes the core problem Xfinity Shield is designed to fix: broadband subscribers are still leaving. Comcast faces intensifying competition from fiber providers and 5G fixed wireless rivals, a fight that keeps chipping away at what was once a near-monopoly business. The balance sheet reflects a company carrying real leverage, with a debt-to-equity ratio of 1.1x and a current ratio of 0.9x, meaning short-term liabilities outweigh short-term ****** ets as of the December 2025 balance sheet.
Comcast also paused its share buyback program ahead of a planned NBCUniversal spinoff, a separation that adds years of complexity for investors trying to value the pieces separately. The company took an $8.6 billion noncash impairment tied to Sky, and rising costs for sports broadcasting rights, including the NFL and NBA, continue to pressure the media segment. There is also an uncomfortable irony in Comcast selling a cybersecurity product months after agreeing to a $117.5 million settlement over a prior Xfinity data breach, a reminder that the company's own network security has already been tested and found wanting once.
#company
8 hours ago
On August 17, Uber Technologies (NYSE:UBER) announced a partnership with drone delivery company Zipline to bring autonomous drone delivery to Uber Eats customers across the United States, alongside a strategic investment in the company. The deal is Uber's second major drone bet after last year's tie-up with Flytrex, and it lands as the ride-hailing giant tries to convince investors its business is stronger than its stock price suggests. Shares are down roughly 9% this year even as revenue, profit, and user growth have all moved in the right direction.
Uber's core business kept expanding through the second quarter. Monthly active platform consumers climbed 16% year over year to 208 million, and trips rose 18% over the same period. CEO Dara Khosrowshahi told shareholders that Uber added more first-time users over the past 12 months than in any period over the previous five years, a sign the platform is still finding new riders rather than just retaining old ones. Gross bookings, the total dollar value spent across rides, delivery, and freight, jumped 24% year over year to $58 billion in the second quarter, and management is guiding for at least $58.3 billion in the third.
Delivery is doing much of the heavy lifting. The segment's revenue grew 28% year over year in the second quarter, compared to just 1% growth in transportation, and delivery now accounts for more than a third of total sales. That momentum is why the Zipline partnership matters. The companies are targeting 1 million drone deliveries per day by the end of 2029, with the first flights beginning later this year in Zipline's existing US markets before expanding to dozens of additional cities. Zipline already operates on four continents, has completed 2 million deliveries, and was valued at $7.6 billion after raising $800 million earlier this year, a well-funded partner rather than an unproven startup.
Uber is chasing a similar playbook with autonomous vehicles. Self-driving cars are already active in seven cities on the platform, and Khosrowshahi said that could more than double to 15 by the end of 2026, backed by roughly $10 billion Uber plans to deploy to help its autonomous partners scale over the next few years.
None of this has translated into the stock price. Uber shares are down about 9% year to date, even as the fundamentals have moved in the opposite direction. When a company's results improve while its stock falls, it usually means investors are pricing in risks that have not shown up in the numbers yet.
#year #delivery #autonomous #Stock
Uber's core business kept expanding through the second quarter. Monthly active platform consumers climbed 16% year over year to 208 million, and trips rose 18% over the same period. CEO Dara Khosrowshahi told shareholders that Uber added more first-time users over the past 12 months than in any period over the previous five years, a sign the platform is still finding new riders rather than just retaining old ones. Gross bookings, the total dollar value spent across rides, delivery, and freight, jumped 24% year over year to $58 billion in the second quarter, and management is guiding for at least $58.3 billion in the third.
Delivery is doing much of the heavy lifting. The segment's revenue grew 28% year over year in the second quarter, compared to just 1% growth in transportation, and delivery now accounts for more than a third of total sales. That momentum is why the Zipline partnership matters. The companies are targeting 1 million drone deliveries per day by the end of 2029, with the first flights beginning later this year in Zipline's existing US markets before expanding to dozens of additional cities. Zipline already operates on four continents, has completed 2 million deliveries, and was valued at $7.6 billion after raising $800 million earlier this year, a well-funded partner rather than an unproven startup.
Uber is chasing a similar playbook with autonomous vehicles. Self-driving cars are already active in seven cities on the platform, and Khosrowshahi said that could more than double to 15 by the end of 2026, backed by roughly $10 billion Uber plans to deploy to help its autonomous partners scale over the next few years.
None of this has translated into the stock price. Uber shares are down about 9% year to date, even as the fundamentals have moved in the opposite direction. When a company's results improve while its stock falls, it usually means investors are pricing in risks that have not shown up in the numbers yet.
#year #delivery #autonomous #Stock
13 hours ago
IPO Edge hosted a fireside chat with Tactical Resources Corp. Common Shares (Nasdaq: TREO) Chief Executive Officer and a Director Ranjeet Sundher, moderated by IPO Edge Editor-in-Chief John Jannarone and Editor-at-Large Jarrett Banks in a video session lasting approximately 20 minutes.
Mr. Sundher discussed:
The company's listing on Nasdaq representing Tactical's entry into the U.S. public markets under the ticker TREO, broadening the company's visibility and access to U.S. investors at a significant moment for critical minerals.
How Tactical is focused on advancing U.S.-based rare earth supply for U.S. markets with investments like its Peak Project in Texas with the combination of existing feedstock, existing infrastructure and potentially simpler processing.
Tactical's near-term priorities include continued metallurgical and geological work, process testing and project-design studies.
#treo
Mr. Sundher discussed:
The company's listing on Nasdaq representing Tactical's entry into the U.S. public markets under the ticker TREO, broadening the company's visibility and access to U.S. investors at a significant moment for critical minerals.
How Tactical is focused on advancing U.S.-based rare earth supply for U.S. markets with investments like its Peak Project in Texas with the combination of existing feedstock, existing infrastructure and potentially simpler processing.
Tactical's near-term priorities include continued metallurgical and geological work, process testing and project-design studies.
#treo
13 hours ago
IPO Edge hosted a fireside chat with Tactical Resources Corp. Common Shares (Nasdaq: TREO) Chief Executive Officer and a Director Ranjeet Sundher, moderated by IPO Edge Editor-in-Chief John Jannarone and Editor-at-Large Jarrett Banks in a video session lasting approximately 20 minutes.
Mr. Sundher discussed:
The company's listing on Nasdaq representing Tactical's entry into the U.S. public markets under the ticker TREO, broadening the company's visibility and access to U.S. investors at a significant moment for critical minerals.
How Tactical is focused on advancing U.S.-based rare earth supply for U.S. markets with investments like its Peak Project in Texas with the combination of existing feedstock, existing infrastructure and potentially simpler processing.
Tactical's near-term priorities include continued metallurgical and geological work, process testing and project-design studies.
#edge #NASDAQ
Mr. Sundher discussed:
The company's listing on Nasdaq representing Tactical's entry into the U.S. public markets under the ticker TREO, broadening the company's visibility and access to U.S. investors at a significant moment for critical minerals.
How Tactical is focused on advancing U.S.-based rare earth supply for U.S. markets with investments like its Peak Project in Texas with the combination of existing feedstock, existing infrastructure and potentially simpler processing.
Tactical's near-term priorities include continued metallurgical and geological work, process testing and project-design studies.
#edge #NASDAQ
14 hours ago
BULL surged 13% after Q2 revenue jumped 51% to $199M and adjusted operating profit soared 169%, driven by the June PDT rule elimination.
HOOD ticked up just 2% on a peer read-through while flat IAI confirms today's move is entirely specific to Webull's earnings, not a sector rally.
Webull's registered-user growth hit a three-year low of 13%, meaning the record quarter rested on existing customers trading more, not new account arrivals.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Webull didn't make the cut. Grab the names FREE today.
Webull (NASDAQ:BULL) stock is up 13% to $9.76 in early Thursday trading after the online broker posted its strongest quarter as a public company. Meanwhile, Robinhood Markets (NASDAQ:HOOD) stock practically unchanged at $95.34. For the broader sector context, the iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) shares are flat/unchanged at around $190.
#hood #webull #broker #trading
HOOD ticked up just 2% on a peer read-through while flat IAI confirms today's move is entirely specific to Webull's earnings, not a sector rally.
Webull's registered-user growth hit a three-year low of 13%, meaning the record quarter rested on existing customers trading more, not new account arrivals.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Webull didn't make the cut. Grab the names FREE today.
Webull (NASDAQ:BULL) stock is up 13% to $9.76 in early Thursday trading after the online broker posted its strongest quarter as a public company. Meanwhile, Robinhood Markets (NASDAQ:HOOD) stock practically unchanged at $95.34. For the broader sector context, the iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) shares are flat/unchanged at around $190.
#hood #webull #broker #trading
23 hours ago
Pony.ai reported Tuesday that its overseas robotaxi deployment pipeline has grown to more than 4,000 vehicles, as the Chinese autonomous driving company accelerates its push into international markets.
Those vehicles are already under contract, though when each deployment goes live will depend on permitting, regulatory clearances, and other operational factors, Pony.ai CEO James Peng told ******* ysts on a post-earnings call, according to Reuters. Pony.ai offered no indication of when the full roster of planned international launches would be complete, and gave no figures on how many robotaxis it has actually put on the road outside China.
The total includes a contract with Uber for deployment of more than 2,000 robotaxis in Europe, the company said. Pony.ai did not disclose a breakdown of the remaining commitments across other markets.
Pony.ai announced the expanded Uber partnership last week, which builds on an existing commercial robotaxi service in Zagreb, Croatia, and adds four more European cities. Under the arrangement, Pony.ai contributes its autonomous driving technology and operational expertise, Uber provides its ride-hailing platform, and locally selected providers handle fleet tasks such as maintenance and charging.
Beyond Europe, Pony.ai said it has also advanced robotaxi operations in Luxembourg in collaboration with Bolt and Stellantis, and in Singapore made its robotaxi service available to the general public through ComfortDelGro's Zig app.
#international
Those vehicles are already under contract, though when each deployment goes live will depend on permitting, regulatory clearances, and other operational factors, Pony.ai CEO James Peng told ******* ysts on a post-earnings call, according to Reuters. Pony.ai offered no indication of when the full roster of planned international launches would be complete, and gave no figures on how many robotaxis it has actually put on the road outside China.
The total includes a contract with Uber for deployment of more than 2,000 robotaxis in Europe, the company said. Pony.ai did not disclose a breakdown of the remaining commitments across other markets.
Pony.ai announced the expanded Uber partnership last week, which builds on an existing commercial robotaxi service in Zagreb, Croatia, and adds four more European cities. Under the arrangement, Pony.ai contributes its autonomous driving technology and operational expertise, Uber provides its ride-hailing platform, and locally selected providers handle fleet tasks such as maintenance and charging.
Beyond Europe, Pony.ai said it has also advanced robotaxi operations in Luxembourg in collaboration with Bolt and Stellantis, and in Singapore made its robotaxi service available to the general public through ComfortDelGro's Zig app.
#international
1 day ago
Colombia's state-controlled oil company Ecopetrol (NYSE: EC) has completed its roughly $1.2 billion acquisition of a controlling 51% stake in Brazil's Brava Energia, significantly expanding its position in one of Latin America's most important oil-producing markets.
The deal combines approximately 25% of Brava's shares acquired through a voluntary tender offer with another 26% purchased under an agreement reached with existing shareholders in April. Ecopetrol had offered R$23 per share in the tender and said earlier this month that the auction had been successfully completed.
The acquisition gives Ecopetrol control of a sizeable portfolio of Brazilian offshore and onshore **** ets. Brava produced an average of around 78,800 barrels of oil equivalent per day (boed) during the first half of 2026, rising to approximately 84,400 boed in June.
Brava also reported 459 million barrels of oil equivalent (MMboe) of proved reserves at the end of 2025 under PRMS standards. Ecopetrol previously described Brava as Brazil's second-largest listed independent oil company by reserves and production.
At the approximately $1.2 billion purchase price, Ecopetrol is paying an implied $8.40 per boe of proved reserves and around $6.30 per boe of proved-plus-probable reserves. Brava generated approximately $2.34 billion in revenue and $1.05 billion in EBITDA during the 12 months through June 2026.
#approximately
The deal combines approximately 25% of Brava's shares acquired through a voluntary tender offer with another 26% purchased under an agreement reached with existing shareholders in April. Ecopetrol had offered R$23 per share in the tender and said earlier this month that the auction had been successfully completed.
The acquisition gives Ecopetrol control of a sizeable portfolio of Brazilian offshore and onshore **** ets. Brava produced an average of around 78,800 barrels of oil equivalent per day (boed) during the first half of 2026, rising to approximately 84,400 boed in June.
Brava also reported 459 million barrels of oil equivalent (MMboe) of proved reserves at the end of 2025 under PRMS standards. Ecopetrol previously described Brava as Brazil's second-largest listed independent oil company by reserves and production.
At the approximately $1.2 billion purchase price, Ecopetrol is paying an implied $8.40 per boe of proved reserves and around $6.30 per boe of proved-plus-probable reserves. Brava generated approximately $2.34 billion in revenue and $1.05 billion in EBITDA during the 12 months through June 2026.
#approximately
1 day ago
Metaplanet, the Tokyo-listed firm that became one of the world's largest corporate Bitcoin holders, is expanding to the United States, agreeing to seed a Nasdaq-listed Bitcoin treasury company with 2,100 BTC.
Under the deal announced Tuesday, Metaplanet will contribute the coins, worth roughly $132.1 million, plus $2.5 million in cash, to Super League Enterprise, a gaming media company, in exchange for stock, preferred shares and warrants.
Super League will be renamed Superplanet, Inc. and trade under the ticker SUPA, becoming a consolidated Metaplanet subsidiary while keeping its existing advertising business running as a separate segment. Metaplanet will own about 95.7% of Superplanet's common stock at closing, expected in the fourth quarter.
Metaplanet CEO Simon Gerovich framed the move as a way to tap the world's deepest capital market, saying Metaplanet is putting in its own Bitcoin, locking up its shares and backing the company with its balance sheet to compound a single group Bitcoin position across two listed platforms. The firm currently holds 43,000 BTC, ranking it the third-largest corporate holder, according to the announcement.
Analysts flagged what sets the transaction apart from the wave of shell-and-PIPE treasury deals of the past year and a half. Mark Palmer of Benchmark-StoneX, who rates Metaplanet a buy, noted the company is funding the deal with Bitcoin off its own balance sheet rather than third-party money raised at a discount.
#metaplanet #Bitcoin
Under the deal announced Tuesday, Metaplanet will contribute the coins, worth roughly $132.1 million, plus $2.5 million in cash, to Super League Enterprise, a gaming media company, in exchange for stock, preferred shares and warrants.
Super League will be renamed Superplanet, Inc. and trade under the ticker SUPA, becoming a consolidated Metaplanet subsidiary while keeping its existing advertising business running as a separate segment. Metaplanet will own about 95.7% of Superplanet's common stock at closing, expected in the fourth quarter.
Metaplanet CEO Simon Gerovich framed the move as a way to tap the world's deepest capital market, saying Metaplanet is putting in its own Bitcoin, locking up its shares and backing the company with its balance sheet to compound a single group Bitcoin position across two listed platforms. The firm currently holds 43,000 BTC, ranking it the third-largest corporate holder, according to the announcement.
Analysts flagged what sets the transaction apart from the wave of shell-and-PIPE treasury deals of the past year and a half. Mark Palmer of Benchmark-StoneX, who rates Metaplanet a buy, noted the company is funding the deal with Bitcoin off its own balance sheet rather than third-party money raised at a discount.
#metaplanet #Bitcoin
2 days ago
By Karen Roman
Fulcrum Therapeutics, Inc. (Nasdaq: FULC) said it is merging with Slate Medicines, Inc. to advance next-generation therapeutics to treat migraine and other headache disorders, with the combining company operating as Slate Medicines, Inc. and trading on Nasdaq under the ticker "SLTE."
Slate reported it secured an oversubscribed concurrent private placement of $245 million from healthcare investors led by Frazier Life Sciences and including Forbion, RA Capital Management, and Deep Track Capital, among other firms. The new company's cash balance is expected to fund operations into 2029, it said.
"Migraine remains one of the most prevalent and disabling neurological diseases, yet millions of patients continue to be underserved by existing therapies," said Gregory Oakes, Slate Medicines CEO. "This merger and the related financing are expected to provide the resources to advance SLTE-1009, along with the rest of our pipeline, through potentially meaningful clinical milestones."
Contact:
#karen
Fulcrum Therapeutics, Inc. (Nasdaq: FULC) said it is merging with Slate Medicines, Inc. to advance next-generation therapeutics to treat migraine and other headache disorders, with the combining company operating as Slate Medicines, Inc. and trading on Nasdaq under the ticker "SLTE."
Slate reported it secured an oversubscribed concurrent private placement of $245 million from healthcare investors led by Frazier Life Sciences and including Forbion, RA Capital Management, and Deep Track Capital, among other firms. The new company's cash balance is expected to fund operations into 2029, it said.
"Migraine remains one of the most prevalent and disabling neurological diseases, yet millions of patients continue to be underserved by existing therapies," said Gregory Oakes, Slate Medicines CEO. "This merger and the related financing are expected to provide the resources to advance SLTE-1009, along with the rest of our pipeline, through potentially meaningful clinical milestones."
Contact:
#karen
2 days ago
Missing the 6-month Medigap enrollment window at 65 allows insurers to deny coverage or charge more based on pre-existing conditions like diabetes.
Only 4 states offer meaningful Medigap protections beyond the federal window: Connecticut, New York, Massachusetts, and Maine. Most beneficiaries are left subject to medical underwriting.
Before leaving Medicare Advantage, confirm remaining protected rights, compare multiple Medigap insurers, and secure approval before finalizing any switch to Original Medicare.
Many financial professionals are salespeople paid on what they push, not whether you end up wealthier. A fiduciary is the opposite. The SEC legally requires them to put your interests first. Advisor.com's free matching tool pairs you with vetted fiduciaries from major national firms, all in under three minutes. See who you match with today.
At 65, an Ohio woman picked a zero-premium Medicare Advantage plan because she was healthy and the sales brochure looked cheaper than adding a Medigap policy to Original Medicare. Two years later, her doctor diagnosed Type 2 diabetes, started her on insulin, and referred her to an endocrinologist outside the plan's network. Now 67, she wants to switch to Original Medicare with a Medigap Plan G so she can use a broader range of specialists.
#original
Only 4 states offer meaningful Medigap protections beyond the federal window: Connecticut, New York, Massachusetts, and Maine. Most beneficiaries are left subject to medical underwriting.
Before leaving Medicare Advantage, confirm remaining protected rights, compare multiple Medigap insurers, and secure approval before finalizing any switch to Original Medicare.
Many financial professionals are salespeople paid on what they push, not whether you end up wealthier. A fiduciary is the opposite. The SEC legally requires them to put your interests first. Advisor.com's free matching tool pairs you with vetted fiduciaries from major national firms, all in under three minutes. See who you match with today.
At 65, an Ohio woman picked a zero-premium Medicare Advantage plan because she was healthy and the sales brochure looked cheaper than adding a Medigap policy to Original Medicare. Two years later, her doctor diagnosed Type 2 diabetes, started her on insulin, and referred her to an endocrinologist outside the plan's network. Now 67, she wants to switch to Original Medicare with a Medigap Plan G so she can use a broader range of specialists.
#original
2 days ago
Greenhaven Road Capital, an investment management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The fund achieved an approximate 11% net return in the second quarter, indicating progress from the first quarter. Key changes to the portfolio will include lower concentration and increased investments with near-term catalysts, alongside a proactive stance on profit-taking. The focus will remain on owning strong businesses and conducting research that challenges consensus views, as several major investments are poised for significant events within the year. Despite declines in market multiples, underlying businesses continue to grow, suggesting a favorable positioning for returns. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Greenhaven Road Capital highlighted KKR & Co. Inc. (NYSE:KKR). KKR & Co. Inc. (NYSE:KKR) is a leading private equity and real estate investment firm focusing on direct and fund-of-fund investments. On August 14, 2026, KKR & Co. Inc. (NYSE:KKR) closed at $114.01 per share, reflecting a market capitalization of $102.34 billion. KKR & Co. Inc. (NYSE:KKR) posted a one-month return of 13.58%, while its shares lost 22.00% over the past 52 weeks.
Greenhaven Road Capital stated the following regarding KKR & Co. Inc. (NYSE:KKR) in its Q2 2026 investor letter:
"We still own PAR and KKR & Co. Inc. (NYSE:KKR), but they are not currently top-five holdings, so we will devote more **** e to the new investments. KKR remains a great business. I believe the private credit scare will pass and AUM will march higher, driven by the maturation of existing strategies and the development of the high-net-worth channel."
KKR & Co. Inc. (NYSE:KKR) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 82 hedge fund portfolios held KKR & Co. Inc. (NYSE:KKR) at the end of the first quarter, up from 76 in the previous quarter. While we acknowledge the potential of KKR & Co. Inc. (NYSE:KKR) 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.
#investor
In its Q2 2026 investor letter, Greenhaven Road Capital highlighted KKR & Co. Inc. (NYSE:KKR). KKR & Co. Inc. (NYSE:KKR) is a leading private equity and real estate investment firm focusing on direct and fund-of-fund investments. On August 14, 2026, KKR & Co. Inc. (NYSE:KKR) closed at $114.01 per share, reflecting a market capitalization of $102.34 billion. KKR & Co. Inc. (NYSE:KKR) posted a one-month return of 13.58%, while its shares lost 22.00% over the past 52 weeks.
Greenhaven Road Capital stated the following regarding KKR & Co. Inc. (NYSE:KKR) in its Q2 2026 investor letter:
"We still own PAR and KKR & Co. Inc. (NYSE:KKR), but they are not currently top-five holdings, so we will devote more **** e to the new investments. KKR remains a great business. I believe the private credit scare will pass and AUM will march higher, driven by the maturation of existing strategies and the development of the high-net-worth channel."
KKR & Co. Inc. (NYSE:KKR) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 82 hedge fund portfolios held KKR & Co. Inc. (NYSE:KKR) at the end of the first quarter, up from 76 in the previous quarter. While we acknowledge the potential of KKR & Co. Inc. (NYSE:KKR) 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.
#investor
2 days ago
Space Exploration Technologies Corp. (NASDAQ:SPCX) held its first earnings call as a public company earlier this month, and Elon Musk set an aggressive target: an annualized revenue run rate of $100 billion by December, more than tripling the company's current run rate of just over $30 billion.
According to a Financial Times report, Deutsche Bank revisited that target after the results and mapped out the specific deals it thinks could actually get ****** eX there.
Musk insisted the number isn't a stretch goal, telling ****** ysts on the call that it's roughly what ****** e Exploration Technologies Corp. (NASDAQ:SPCX) would hit "if we basically did nothing" beyond letting existing deals ramp up. That raises the real question: is $100 billion really just a matter of contracts already in motion, or does hitting it require several fast-moving, unproven pieces to land at once?
Photo from Firefly Aerospace website
Deutsche Bank's math shows real building blocks already in place. ****** eX's neocloud business, which provides AI compute capacity to outside customers, generated $1.6 billion in revenue in the second quarter, entirely from Anthropic. That single contract should take it to roughly $3.75 billion in quarterly revenue by the third quarter. A separate agreement with Google, worth up to $920 million a month, starts ramping next month and hits its full run rate in October. ****** e Exploration Technologies Corp. (NASDAQ:SPCX) has also signed a new $6.7 billion deal spanning six months that Deutsche Bank suspects could be with the U.S. government. The bank expects at least one more large compute deal to get signed before year-end.
#exploration #NASDAQ #deutsche
According to a Financial Times report, Deutsche Bank revisited that target after the results and mapped out the specific deals it thinks could actually get ****** eX there.
Musk insisted the number isn't a stretch goal, telling ****** ysts on the call that it's roughly what ****** e Exploration Technologies Corp. (NASDAQ:SPCX) would hit "if we basically did nothing" beyond letting existing deals ramp up. That raises the real question: is $100 billion really just a matter of contracts already in motion, or does hitting it require several fast-moving, unproven pieces to land at once?
Photo from Firefly Aerospace website
Deutsche Bank's math shows real building blocks already in place. ****** eX's neocloud business, which provides AI compute capacity to outside customers, generated $1.6 billion in revenue in the second quarter, entirely from Anthropic. That single contract should take it to roughly $3.75 billion in quarterly revenue by the third quarter. A separate agreement with Google, worth up to $920 million a month, starts ramping next month and hits its full run rate in October. ****** e Exploration Technologies Corp. (NASDAQ:SPCX) has also signed a new $6.7 billion deal spanning six months that Deutsche Bank suspects could be with the U.S. government. The bank expects at least one more large compute deal to get signed before year-end.
#exploration #NASDAQ #deutsche
3 days ago
It's officially official - Von Miller is a Dallas Cowboy, and the move has already sparked a wave of opinions across the NFL landscape. No one expects Dallas to get the Super Bowl 50 MVP version of Miller, but the Cowboys didn't make this signing for nostalgia. They made it because Miller still brings value on the field, in the locker room, and in a young edge‑rusher room that needs a veteran voice.
Miller arrives in Dallas as the active NFL leader in career sacks, but his impact goes beyond production. He's widely regarded as an elite teammate, a mentor, and the type of veteran presence the Cowboys have been searching for. Jerry and Stephen Jones have openly discussed improving the defensive front for weeks, and Miller's signing is the clearest indication yet of that intent.
While Miller has not yet practiced, the Cowboys' coaching staff and front office faced immediate questions about what the move means. Head coach Brian Schottenheimer, who will work closely with Miller in practice settings, offered strong praise for what the Aggie legend brings to the building.
"What I love about Van is we've got a lot of inside information, knowledge about him, as a player. Certainly, what he's accomplished is incredible, but what you hear about him as a teammate is even more incredible. my few conversations with him, he's, really excited about being part of what we're building here. He's going to add a lot, not just on the field, but off the field as well."
Schottenheimer also emphasized Miller's role as a mentor, something already taking shape. Miller has a pre‑existing relationship with Donovan Ezeiruaku thanks to their time together at the Sack Summit, a pass‑rush development event Miller has championed for years. For a Cowboys defense loaded with young talent, that connection matters.
#schottenheimer #move #signing
Miller arrives in Dallas as the active NFL leader in career sacks, but his impact goes beyond production. He's widely regarded as an elite teammate, a mentor, and the type of veteran presence the Cowboys have been searching for. Jerry and Stephen Jones have openly discussed improving the defensive front for weeks, and Miller's signing is the clearest indication yet of that intent.
While Miller has not yet practiced, the Cowboys' coaching staff and front office faced immediate questions about what the move means. Head coach Brian Schottenheimer, who will work closely with Miller in practice settings, offered strong praise for what the Aggie legend brings to the building.
"What I love about Van is we've got a lot of inside information, knowledge about him, as a player. Certainly, what he's accomplished is incredible, but what you hear about him as a teammate is even more incredible. my few conversations with him, he's, really excited about being part of what we're building here. He's going to add a lot, not just on the field, but off the field as well."
Schottenheimer also emphasized Miller's role as a mentor, something already taking shape. Miller has a pre‑existing relationship with Donovan Ezeiruaku thanks to their time together at the Sack Summit, a pass‑rush development event Miller has championed for years. For a Cowboys defense loaded with young talent, that connection matters.
#schottenheimer #move #signing
3 days ago
North Carolina's HomeTrust has agreed to buy Virginia-based Blue Ridge Bankshares in an all-share deal worth about $448.1m.
The transaction would extend HomeTrust's presence into Virginia.
The merger would form a commercial bank with more than $7bn in **** ets and over 60 branches and offices across the Southeast.
Under the agreed terms, Blue Ridge investors will receive 0.086 HomeTrust common shares for each share held.
After the transaction is completed, existing HomeTrust investors are expected to hold about 65% of the combined group, while Blue Ridge investors are set to own roughly 35%.
#investors #transaction
The transaction would extend HomeTrust's presence into Virginia.
The merger would form a commercial bank with more than $7bn in **** ets and over 60 branches and offices across the Southeast.
Under the agreed terms, Blue Ridge investors will receive 0.086 HomeTrust common shares for each share held.
After the transaction is completed, existing HomeTrust investors are expected to hold about 65% of the combined group, while Blue Ridge investors are set to own roughly 35%.
#investors #transaction
3 days ago
In a filing to the London Stock Exchange on 18 August 2026, Frasers reported it had received "valid acceptances" for 12,157,598 Hugo Boss shares during the offer period, representing approximately 17.62% of the company's share capital and voting rights.
Combined with its pre-existing stake, Frasers' ownership stands at 33,054,959 shares, or 47.89% of Hugo Boss, based on the company's current share count.
The British retailer, which already held a 26% interest in Hugo Boss, announced on 10 June 2026 the launch of a voluntary offer to acquire all remaining ordinary shares not directly held by the group.
The offered price of €38.00 per share would value the proposed transaction at around €1.98bn ($2.65bn).
However, Hugo Boss's management and supervisory boards urged shareholders to reject the offer, calling it financially "inadequate".
#held #london #exchange
Combined with its pre-existing stake, Frasers' ownership stands at 33,054,959 shares, or 47.89% of Hugo Boss, based on the company's current share count.
The British retailer, which already held a 26% interest in Hugo Boss, announced on 10 June 2026 the launch of a voluntary offer to acquire all remaining ordinary shares not directly held by the group.
The offered price of €38.00 per share would value the proposed transaction at around €1.98bn ($2.65bn).
However, Hugo Boss's management and supervisory boards urged shareholders to reject the offer, calling it financially "inadequate".
#held #london #exchange
3 days ago
If you put ServiceNow (NYSE: NOW) and Palantir (NASDAQ: PLTR) side by side, they both look like slick artificial intelligence (AI) businesses selling software as a service (SaaS) to big governments and global enterprises. The stories feel similar until you zero in on one number that really explains why their growth rates look so different: how fast U.S. commercial revenue is growing.
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 »
ServiceNow comes into this comparison as a mature cloud platform. It already sits inside thousands of large organizations, running workflows for IT, HR, security, and customer service. The AI products it is pushing now, like Now **** ist, are layered onto a foundation built long before the current AI wave.
In Q2 2026, ServiceNow reported total revenue of about $3.9 billion, with subscription revenue up roughly 23% year over year in constant currency. That is healthy growth for a company of its size and age. The more telling numbers are in the order backlog. Remaining performance obligations reached about $29 billion, and current RPO, the contract revenue due in the next 12 months, stood at about $13.2 billion with growth of a bit more than 21%.
ServiceNow's AI story fits that profile. AI annual contract value crossed $1 billion in Q2, driven by hundreds of seven-figure deals and expanding commitments from existing customers. This is AI as an accelerator atop a large installed base. Growth is strong, but it is tied to a world where many customers already use ServiceNow and are now paying more for AI-infused workflows.
#revenue #billion #signal #flashing
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 »
ServiceNow comes into this comparison as a mature cloud platform. It already sits inside thousands of large organizations, running workflows for IT, HR, security, and customer service. The AI products it is pushing now, like Now **** ist, are layered onto a foundation built long before the current AI wave.
In Q2 2026, ServiceNow reported total revenue of about $3.9 billion, with subscription revenue up roughly 23% year over year in constant currency. That is healthy growth for a company of its size and age. The more telling numbers are in the order backlog. Remaining performance obligations reached about $29 billion, and current RPO, the contract revenue due in the next 12 months, stood at about $13.2 billion with growth of a bit more than 21%.
ServiceNow's AI story fits that profile. AI annual contract value crossed $1 billion in Q2, driven by hundreds of seven-figure deals and expanding commitments from existing customers. This is AI as an accelerator atop a large installed base. Growth is strong, but it is tied to a world where many customers already use ServiceNow and are now paying more for AI-infused workflows.
#revenue #billion #signal #flashing
3 days ago
On August 6, 10x Genomics (NASDAQ:TXG) reported second-quarter revenue of $151 million, boosted by a $1.6 million settlement payment from Takara. Strip that out and revenue grew just 3% year-over-year to $149.4 million, a modest number next to the real headline of the quarter: a brand-new instrument platform called Atera, where booked orders have exceeded full-year planned shipments.
By the end of the second quarter, booked orders for Atera already exceeded the roughly 40 units 10x had planned to ship for all of 2026. Demand also showed up in Catalyst Research Services, the program that lets customers run samples on Atera in 10x's own lab before committing to buy a unit. Away from Atera, the existing consumables business kept growing, up 7% overall, with spatial consumables climbing 16% on continued strength in the Xenium platform. During the quarter, 10x acquired Proteintech Genomics, adding single-cell protein panels that management says will let Atera measure proteins alongside gene expression from the same cell.
The balance sheet backed up the story. Cash and marketable securities rose to $552 million, up $105 million from a year earlier, and gross margin expanded to 74% from 72%. Management raised full-year revenue guidance to a range of $610 million to $630 million. New research partnerships with Cleveland Clinic and Lausanne University Hospital, aimed at finding biomarkers of treatment response in oncology, point to where 10x hopes this technology eventually leads: clinical diagnostics.
The flip side of Atera's launch showed up in the instrument line. Total instrument revenue fell 47% year over year, with Chromium instruments down 46% and spatial instruments down 48%, as customers held off on buying older spatial systems while waiting for the new platform. Management expects that pause to continue, guiding for a sequential revenue step down in the third quarter before a bigger jump in the fourth. Even though booked Atera orders already exceed the year's full production plan, 10x kept its shipment target at about 40 units, weighted mostly toward the fourth quarter, a sign the company is still constrained on how fast it can build the machine.
Regionally, APAC revenue fell 19%, partly because customers in China had pulled purchases forward a year earlier ahead of anticipated tariffs. Operating expenses rose to $132.1 million from $95 million, though the comparison is skewed by a $40.7 million patent settlement gain booked in the prior year versus $3.4 million this year.
#year #quarter
By the end of the second quarter, booked orders for Atera already exceeded the roughly 40 units 10x had planned to ship for all of 2026. Demand also showed up in Catalyst Research Services, the program that lets customers run samples on Atera in 10x's own lab before committing to buy a unit. Away from Atera, the existing consumables business kept growing, up 7% overall, with spatial consumables climbing 16% on continued strength in the Xenium platform. During the quarter, 10x acquired Proteintech Genomics, adding single-cell protein panels that management says will let Atera measure proteins alongside gene expression from the same cell.
The balance sheet backed up the story. Cash and marketable securities rose to $552 million, up $105 million from a year earlier, and gross margin expanded to 74% from 72%. Management raised full-year revenue guidance to a range of $610 million to $630 million. New research partnerships with Cleveland Clinic and Lausanne University Hospital, aimed at finding biomarkers of treatment response in oncology, point to where 10x hopes this technology eventually leads: clinical diagnostics.
The flip side of Atera's launch showed up in the instrument line. Total instrument revenue fell 47% year over year, with Chromium instruments down 46% and spatial instruments down 48%, as customers held off on buying older spatial systems while waiting for the new platform. Management expects that pause to continue, guiding for a sequential revenue step down in the third quarter before a bigger jump in the fourth. Even though booked Atera orders already exceed the year's full production plan, 10x kept its shipment target at about 40 units, weighted mostly toward the fourth quarter, a sign the company is still constrained on how fast it can build the machine.
Regionally, APAC revenue fell 19%, partly because customers in China had pulled purchases forward a year earlier ahead of anticipated tariffs. Operating expenses rose to $132.1 million from $95 million, though the comparison is skewed by a $40.7 million patent settlement gain booked in the prior year versus $3.4 million this year.
#year #quarter
3 days ago
On August 14, Pony.ai (NASDAQ:PONY) said it would deploy more than 2,000 robotaxis across Europe under an expanded partnership with Uber (NYSE:UBER) that dates back to May 2025. The rollout stretches from an existing commercial service in Zagreb, Croatia to four additional European cities, with plans to reach the Middle East as well. For a company built on human drivers, that expansion says a lot about where Uber thinks its next act is headed.
Uber's driver network is also its biggest expense. In the second quarter, the platform processed $58 billion in gross bookings, and $25 billion of that went straight to its 10.2 million drivers, the single largest cost on the books. Every autonomous mile that removes a driver from that equation pushes more of each ride toward Uber's own margins, without Uber needing to build or own a self-driving car itself.
That is the logic behind the model CEO Dara Khosrowshahi has been building: let partners like Pony.ai handle the hardware and software, while Uber supplies the 208 million monthly active customers already on its app. Autonomous vehicles run in seven cities today, and Khosrowshahi has signaled that could double to 15 by the end of 2026, backed by roughly $10 billion Uber plans to commit to its partners over the next few years.
The core business is moving too. Uber added more first-time users over the past year than in any twelve months of the last five; monthly active platform consumers grew 16% year-over-year, and trips rose 18%. Delivery, now more than a third of total sales, grew revenue 28% year-over-year while transportation grew just 1%. Non-GAAP net income climbed 29% to $1.6 billion, an 11.6% margin, and the stock's roughly 8% year-to-date slide has left its price-to-sales ratio at 2.8, well under its 4.1 average since going public in 2019.
Friday's announcement left notable gaps. Pony.ai gave no timeline for when the 2,000-plus robotaxis would actually hit European roads, and the four cities beyond Zagreb went unnamed, as did any specifics on the Middle East plans. For a company betting its next act on autonomy, vague rollout details are a reason for caution as much as excitement.
#billion #cities #zagreb
Uber's driver network is also its biggest expense. In the second quarter, the platform processed $58 billion in gross bookings, and $25 billion of that went straight to its 10.2 million drivers, the single largest cost on the books. Every autonomous mile that removes a driver from that equation pushes more of each ride toward Uber's own margins, without Uber needing to build or own a self-driving car itself.
That is the logic behind the model CEO Dara Khosrowshahi has been building: let partners like Pony.ai handle the hardware and software, while Uber supplies the 208 million monthly active customers already on its app. Autonomous vehicles run in seven cities today, and Khosrowshahi has signaled that could double to 15 by the end of 2026, backed by roughly $10 billion Uber plans to commit to its partners over the next few years.
The core business is moving too. Uber added more first-time users over the past year than in any twelve months of the last five; monthly active platform consumers grew 16% year-over-year, and trips rose 18%. Delivery, now more than a third of total sales, grew revenue 28% year-over-year while transportation grew just 1%. Non-GAAP net income climbed 29% to $1.6 billion, an 11.6% margin, and the stock's roughly 8% year-to-date slide has left its price-to-sales ratio at 2.8, well under its 4.1 average since going public in 2019.
Friday's announcement left notable gaps. Pony.ai gave no timeline for when the 2,000-plus robotaxis would actually hit European roads, and the four cities beyond Zagreb went unnamed, as did any specifics on the Middle East plans. For a company betting its next act on autonomy, vague rollout details are a reason for caution as much as excitement.
#billion #cities #zagreb
3 days ago
Buying an annuity inside an IRA duplicates the tax deferral the account already provides for free, while also adding fees of 1% to 3% or more annually.
With 52-week T-bills yielding 4.02% and I-bonds at 4.26%, annuity fees directly erase returns available risk-free inside the same IRA.
Average Boomer IRA balances of $257,002 mean an annuity purchase often consumes an entire account, concentrating fee drag on every dollar saved.
Many financial professionals are salespeople paid on what they push, not whether you end up wealthier. A fiduciary is the opposite. The SEC legally requires them to put your interests first. Advisor.com's free matching tool pairs you with vetted fiduciaries from major national firms, all in under three minutes. See who you match with today.
The decision at the center of this story is one financial planners see often: a retiree moves $300,000 from an existing IRA into a variable or fixed annuity held inside that same IRA, with the pitch centered on tax deferral. The problem is structural, as an IRA already provides tax deferral. Wrapping an annuity inside an IRA duplicates a benefit the account already provides and adds a fee layer on top of one that already exists, during a period when risk-free yields are the highest they have been in over a year.
#free #deferral #duplicates
With 52-week T-bills yielding 4.02% and I-bonds at 4.26%, annuity fees directly erase returns available risk-free inside the same IRA.
Average Boomer IRA balances of $257,002 mean an annuity purchase often consumes an entire account, concentrating fee drag on every dollar saved.
Many financial professionals are salespeople paid on what they push, not whether you end up wealthier. A fiduciary is the opposite. The SEC legally requires them to put your interests first. Advisor.com's free matching tool pairs you with vetted fiduciaries from major national firms, all in under three minutes. See who you match with today.
The decision at the center of this story is one financial planners see often: a retiree moves $300,000 from an existing IRA into a variable or fixed annuity held inside that same IRA, with the pitch centered on tax deferral. The problem is structural, as an IRA already provides tax deferral. Wrapping an annuity inside an IRA duplicates a benefit the account already provides and adds a fee layer on top of one that already exists, during a period when risk-free yields are the highest they have been in over a year.
#free #deferral #duplicates
3 days ago
A U.S. judge on Monday blocked plans to move the FBI's headquarters to a federal office building in Washington, finding that President Donald Trump's administration illegally tossed out a previously approved plan to build a new facility nearby in Maryland.
The ruling is the latest development in a yearslong battle over where to house the main office for the nation's premier law enforcement agency. A site in Greenbelt, Maryland, was picked during former President Joe Biden's administration, but Trump appointees sought to reverse that decision last year in favor of repurposing the Ronald Reagan Building, a federal office complex a few blocks from the FBI's existing headquarters.
U.S. District Judge Theodore D. Chuang, an appointee of President Barack Obama, ruled that the move was " not in accordance with law," and blocked the Trump administration from moving the FBI to the Reagan building, renovating it for the FBI or repurposing funds.
"This is not the first time courts have tried to undermine the administration in its goal to make government more cost-effective for American taxpayers," the FBI said in a statement. "The court has chosen to impermissibly intervene for political reasons. This FBI is mission focused and will continue the best course of action to meet the needs of law enforcement."
The suit was brought by the state of Maryland and Prince George's County.
#administration #maryland #reagan #blocked
The ruling is the latest development in a yearslong battle over where to house the main office for the nation's premier law enforcement agency. A site in Greenbelt, Maryland, was picked during former President Joe Biden's administration, but Trump appointees sought to reverse that decision last year in favor of repurposing the Ronald Reagan Building, a federal office complex a few blocks from the FBI's existing headquarters.
U.S. District Judge Theodore D. Chuang, an appointee of President Barack Obama, ruled that the move was " not in accordance with law," and blocked the Trump administration from moving the FBI to the Reagan building, renovating it for the FBI or repurposing funds.
"This is not the first time courts have tried to undermine the administration in its goal to make government more cost-effective for American taxpayers," the FBI said in a statement. "The court has chosen to impermissibly intervene for political reasons. This FBI is mission focused and will continue the best course of action to meet the needs of law enforcement."
The suit was brought by the state of Maryland and Prince George's County.
#administration #maryland #reagan #blocked
3 days ago
After the National ******* ociation of Black Journalists accused Stephen A. Smith of disparaging Black women, Stephen A. Smith is accusing the NABJ of conducting a personal hit job.
Smith received the "Thumbs Down" award at the NABJ's Saturday night gala in Atlanta, an dishonor given to individuals or institutions conducting "especially insensitive, racist or stereotypical reporting, commentary, photography or cartooning about the Black community or for engaging in practices at odds with the goals of NABJ."
With the "Thumbs Down" award typically being reserved for institutions, Smith, who brought First Take to the NABJ convention in 2024, is just the fourth individual to win the organization's biggest dishonor.
"Smith has established a recurring public pattern of disparaging commentary directed at prominent Black women across politics, sports, and media," the organization explained Saturday. "Such commentary reinforces harmful narratives, undermines the fair and respectful representation of Black women in public discourse, and stands in direct conflict with NABJ's longstanding commitment to accurate, responsible, and inclusive portrayals of Black communities."
Despite the pointed insult, the ESPN star and newfound political pundit still credited the NABJ for helping his career, calling it the "preeminent Black journalism organization existing." But Smith was blindsided by winning the award, and if the NABJ and its president Errin Haines sought to catch his attention, they succeeded. Smith responded Monday afternoon with a 45-minute retort on his YouTube channel.
#black #smith
Smith received the "Thumbs Down" award at the NABJ's Saturday night gala in Atlanta, an dishonor given to individuals or institutions conducting "especially insensitive, racist or stereotypical reporting, commentary, photography or cartooning about the Black community or for engaging in practices at odds with the goals of NABJ."
With the "Thumbs Down" award typically being reserved for institutions, Smith, who brought First Take to the NABJ convention in 2024, is just the fourth individual to win the organization's biggest dishonor.
"Smith has established a recurring public pattern of disparaging commentary directed at prominent Black women across politics, sports, and media," the organization explained Saturday. "Such commentary reinforces harmful narratives, undermines the fair and respectful representation of Black women in public discourse, and stands in direct conflict with NABJ's longstanding commitment to accurate, responsible, and inclusive portrayals of Black communities."
Despite the pointed insult, the ESPN star and newfound political pundit still credited the NABJ for helping his career, calling it the "preeminent Black journalism organization existing." But Smith was blindsided by winning the award, and if the NABJ and its president Errin Haines sought to catch his attention, they succeeded. Smith responded Monday afternoon with a 45-minute retort on his YouTube channel.
#black #smith
4 days ago
Wales centre Eddie James has signed a new contract with Scarlets.
After making his international debut in 2024, James became a Wales regular in the 2025-26 season under head coach Steve Tandy and now has 11 caps to his name.
The 24-year-old still had a year to run on his existing contract but has committed early to his home region.
"Growing up in the region and supporting the Scarlets as a youngster, the club means a huge amount to me," said James.
"It's home - and so it was an easy decision to extend my contract and I am delighted to be staying on at Parc y Scarlets."
#wales #home #tandy
After making his international debut in 2024, James became a Wales regular in the 2025-26 season under head coach Steve Tandy and now has 11 caps to his name.
The 24-year-old still had a year to run on his existing contract but has committed early to his home region.
"Growing up in the region and supporting the Scarlets as a youngster, the club means a huge amount to me," said James.
"It's home - and so it was an easy decision to extend my contract and I am delighted to be staying on at Parc y Scarlets."
#wales #home #tandy
4 days ago
We really aren't gonna escape this weird Indiana-Notre Dame… thing anytime soon, huh?
The Hoosiers and Fighting Irish are in the news again, this time because Curt Cignetti was asked about it during an appearance on Big Ten Network this past weekend.
"Yeah, I'd like to play Notre Dame," Cignetti said. "They oughta come to our place twice, we'll go up there once, since they're not in a conference. I'd love to play them. It'd be a great in-state game."
Indiana came under fire earlier this month when it was reported that the Hoosiers asked out of an existing home-and-home series against Notre Dame set for 2030 and 2031, a move that several members of the former fanbase approved of.
Cignetti's comments have the media machine up and running again, just in time for some preseason storylines.
#hoosiers
The Hoosiers and Fighting Irish are in the news again, this time because Curt Cignetti was asked about it during an appearance on Big Ten Network this past weekend.
"Yeah, I'd like to play Notre Dame," Cignetti said. "They oughta come to our place twice, we'll go up there once, since they're not in a conference. I'd love to play them. It'd be a great in-state game."
Indiana came under fire earlier this month when it was reported that the Hoosiers asked out of an existing home-and-home series against Notre Dame set for 2030 and 2031, a move that several members of the former fanbase approved of.
Cignetti's comments have the media machine up and running again, just in time for some preseason storylines.
#hoosiers
5 days ago
MercadoLibre (NASDAQ:MELI) just crossed $10 billion in quarterly revenue for the first time, yet the stock sits roughly 30% below its high. That gap between a record top line and a beaten-down share price is the whole story here. On the call covering the quarter ended June 30, held August 5, management laid out exactly why it is choosing growth over profit right now, and investors are still deciding whether to believe them.
Net revenue grew 50% year-over-year in the second quarter, powered by a 44% jump in gross merchandise volume and a 56% rise in total payment volume. The more interesting number sits underneath that headline. A year after MercadoLibre lowered its free shipping threshold in Brazil, items per buyer there climbed 19% year-over-year and conversion rose 1.1 percentage points, even as the company kept adding new buyers who typically spend less at first.
Management framed this as proof that existing shoppers are engaging more deeply, not just a bigger crowd showing up. That matters most for what the company calls ecosystemic users, people who use both the marketplace and Mercado Pago. Those users generated 70% more GMV and 55% more items sold per user than marketplace-only shoppers, and contribution profit per ecosystemic user runs multiples above a marketplace or fintech user alone. The credit book backs this up. It reached $16.4 billion, up 75% year-over-year, while delinquency rates sat near historical lows and net interest margin after losses improved from 18% to 21% between the first and second quarters.
That growth came at a real cost. Operating income fell from $825 million to $683 million, and operating margin narrowed from 12.2% to 6.7%, a 550 basis point drop from a year earlier. Management did not suggest relief is coming soon, calling the trade-off a deliberate choice to keep prioritizing long-term engagement and scale over near-term profitability. Net income for the first half of 2026 fell 13% year-over-year to $883 million even as revenue climbed 50% to $19 billion, a gap that shows growth and profit are currently moving in opposite directions.
Competitors including Amazon have pushed MercadoLibre to compete harder on price, and the company's expansion into consumer lending has meant absorbing more loan losses along the way. The quarter also demanded serious capital, with $441 million in capital expenditures and $2.1 billion funneled into growing the credit portfolio, leaving adjusted free cash flow at $214 million.
#mercadolibre #billion #quarter
Net revenue grew 50% year-over-year in the second quarter, powered by a 44% jump in gross merchandise volume and a 56% rise in total payment volume. The more interesting number sits underneath that headline. A year after MercadoLibre lowered its free shipping threshold in Brazil, items per buyer there climbed 19% year-over-year and conversion rose 1.1 percentage points, even as the company kept adding new buyers who typically spend less at first.
Management framed this as proof that existing shoppers are engaging more deeply, not just a bigger crowd showing up. That matters most for what the company calls ecosystemic users, people who use both the marketplace and Mercado Pago. Those users generated 70% more GMV and 55% more items sold per user than marketplace-only shoppers, and contribution profit per ecosystemic user runs multiples above a marketplace or fintech user alone. The credit book backs this up. It reached $16.4 billion, up 75% year-over-year, while delinquency rates sat near historical lows and net interest margin after losses improved from 18% to 21% between the first and second quarters.
That growth came at a real cost. Operating income fell from $825 million to $683 million, and operating margin narrowed from 12.2% to 6.7%, a 550 basis point drop from a year earlier. Management did not suggest relief is coming soon, calling the trade-off a deliberate choice to keep prioritizing long-term engagement and scale over near-term profitability. Net income for the first half of 2026 fell 13% year-over-year to $883 million even as revenue climbed 50% to $19 billion, a gap that shows growth and profit are currently moving in opposite directions.
Competitors including Amazon have pushed MercadoLibre to compete harder on price, and the company's expansion into consumer lending has meant absorbing more loan losses along the way. The quarter also demanded serious capital, with $441 million in capital expenditures and $2.1 billion funneled into growing the credit portfolio, leaving adjusted free cash flow at $214 million.
#mercadolibre #billion #quarter
