4 hours ago
July 22 and 23 proved to be one of the most significant 48-hour periods of 2026's artificial intelligence trade, showing a clear flaw in how public equity markets reward massive capital spending. Both Tesla, Inc. (NASDAQ:TSLA) and Alphabet published second-quarter financial results after the market closed on July 22, with both reporting negative quarterly free cash flow due to significant AI infrastructure investments. However, the market distinguished between spending connected to visible near-term margin conversion and spending ***** ociated with core margin compression and an indefinite payout period. While Alphabet had a modest reversal, Tesla, Inc. (NASDAQ:TSLA) fell as much as 15% intraday, marking one of the company's worst single-day falls in history.
On the surface, Tesla's top-line headline numbers were strong, with second-quarter revenue reaching a record $28.24 billion, a 26% year-over-year increase that comfortably exceeded Wall Street consensus projections of $25.55 billion to $25.71 billion. Vehicle deliveries set a quarterly high of 480,126 units, while automotive revenue increased 23% to $20.52 billion. Auxiliary areas grew even faster, with Energy Generation and Storage up 13% to $3.14 billion and Services up 50% to a record $4.58 billion.
However, underneath these top-line gains lies considerable margin deterioration. Non-GAAP adjusted earnings per share came in at $0.33, roughly a third lower than the consensus forecast of $0.51 to $0.53, while GAAP operating income fell 57% year-over-year to $398 million, implying an operating margin of 1.4% versus slightly over 4% posted both in last quarter and the same quarter last year.
This profitability compression was directly related to Tesla's core vehicle price strategy. Total gross margin fell to 16.8%, down from 17.2% a year ago and well below ***** ysts' expectations of 19.4%. Tesla's decision to introduce lower-cost variants of the Model 3 and Model Y while discontinuing its higher-margin Model S and Model X flagship vehicles reduced average selling prices throughout the fleet. This structural decline in average selling price, combined with a rapid contraction in high-margin regulatory credit revenue, severely harmed profitability while fixed overhead increased.
An enormous spike in spending added to the core vehicle pricing pressures. Operating expenses increased by 47% year-over-year to $4.35 billion, while capital expenditures nearly doubled to $5.80 billion, resulting in a $1.10 billion negative free cash flow balance. This substantial cash burn represents significant expenditures in AI compute infrastructure, custom semiconductor development, battery material manufacture, and production capacity for the Cybercab and Optimus humanoid robots.
#vehicle #operating
On the surface, Tesla's top-line headline numbers were strong, with second-quarter revenue reaching a record $28.24 billion, a 26% year-over-year increase that comfortably exceeded Wall Street consensus projections of $25.55 billion to $25.71 billion. Vehicle deliveries set a quarterly high of 480,126 units, while automotive revenue increased 23% to $20.52 billion. Auxiliary areas grew even faster, with Energy Generation and Storage up 13% to $3.14 billion and Services up 50% to a record $4.58 billion.
However, underneath these top-line gains lies considerable margin deterioration. Non-GAAP adjusted earnings per share came in at $0.33, roughly a third lower than the consensus forecast of $0.51 to $0.53, while GAAP operating income fell 57% year-over-year to $398 million, implying an operating margin of 1.4% versus slightly over 4% posted both in last quarter and the same quarter last year.
This profitability compression was directly related to Tesla's core vehicle price strategy. Total gross margin fell to 16.8%, down from 17.2% a year ago and well below ***** ysts' expectations of 19.4%. Tesla's decision to introduce lower-cost variants of the Model 3 and Model Y while discontinuing its higher-margin Model S and Model X flagship vehicles reduced average selling prices throughout the fleet. This structural decline in average selling price, combined with a rapid contraction in high-margin regulatory credit revenue, severely harmed profitability while fixed overhead increased.
An enormous spike in spending added to the core vehicle pricing pressures. Operating expenses increased by 47% year-over-year to $4.35 billion, while capital expenditures nearly doubled to $5.80 billion, resulting in a $1.10 billion negative free cash flow balance. This substantial cash burn represents significant expenditures in AI compute infrastructure, custom semiconductor development, battery material manufacture, and production capacity for the Cybercab and Optimus humanoid robots.
#vehicle #operating
1 day ago
Quarterback play is always paramount in modern college football, as opposed to past decades when the running game mattered most in the sport. This is true in the Big Ten. Fernando Mendoza, the starting quarterback for the **** le-winning Indiana Hoosiers last season, was picked No. 1 in this past NFL draft. This upcoming season, the best quarterbacks in college football reside in the Big Ten. Whoever comes out on top in the Big Ten will have a quarterback who proved to be the best in college football.
Here is my ranking of the top five quarterbacks in the Big Ten:
Dante Moore shone last season, and just like last year, he was in conversations for being the best quarterback in college football. Moore threw for 2733 yards, 24 touchdowns, and 6 interceptions. He is dangerous in the pocket and an underrated athlete. Last year, he made the most of having great weapons and a great run game, helping lead Oregon's prolific offense to a college football playoff berth. This season, he enters with more continuity and a deeper set of weapons at each of the skill positions. I expect Moore to have a big season and end the year off being the undisputed #1 overall pick just like Fernando Mendoza.
Sayin's season last year was incredible, and he was extremely efficient. He had all the resources to be in that position with weapons, Jeremiah Smith, and Carnell Tate, but he still maximized his opportunity as a freshman starter. He ended the year with 3323 passing yards, 31 touchdowns, and 6 interceptions. The connection he has with Jeremiah Smith is already a proven one, and he showed he can run the offense even better than Will Howard did the year prior. However, as expected from most freshmen, under the bright lights, he did fall short in the College Football Playoff vs the Miami Hurricanes and in the Big Ten championship vs the Indiana Hoosiers. Although his season was special, he still has more room to grow. If he takes that next step, the Ohio State Buckeyes will have another national **** le trophy in their case.
Jayden Maiava still does not get the credit he deserves for how good he truly was last season. In his first season as a starting quarterback, he led the Trojans' offense to being a top unit in the country. Lincoln Riley's offense was dangerous and high scoring because of how good and confident Maiava was last season. Maiava threw for 3431 yards, 23 touchdowns, and 8 interceptions. Maiava is a gun slinger, and he takes a lot of shots, but playing more under control would do wonders for his perception and draft stock. If he can have a similar season, with fewer interceptions and showcase his running ability more, there is reason to believe he can be one of the first quarterbacks taken in this next draft. The success of the Trojans this year falls on Maiava's back, but I am confident he will take a step forward and not back in year 2.
#season #offense
Here is my ranking of the top five quarterbacks in the Big Ten:
Dante Moore shone last season, and just like last year, he was in conversations for being the best quarterback in college football. Moore threw for 2733 yards, 24 touchdowns, and 6 interceptions. He is dangerous in the pocket and an underrated athlete. Last year, he made the most of having great weapons and a great run game, helping lead Oregon's prolific offense to a college football playoff berth. This season, he enters with more continuity and a deeper set of weapons at each of the skill positions. I expect Moore to have a big season and end the year off being the undisputed #1 overall pick just like Fernando Mendoza.
Sayin's season last year was incredible, and he was extremely efficient. He had all the resources to be in that position with weapons, Jeremiah Smith, and Carnell Tate, but he still maximized his opportunity as a freshman starter. He ended the year with 3323 passing yards, 31 touchdowns, and 6 interceptions. The connection he has with Jeremiah Smith is already a proven one, and he showed he can run the offense even better than Will Howard did the year prior. However, as expected from most freshmen, under the bright lights, he did fall short in the College Football Playoff vs the Miami Hurricanes and in the Big Ten championship vs the Indiana Hoosiers. Although his season was special, he still has more room to grow. If he takes that next step, the Ohio State Buckeyes will have another national **** le trophy in their case.
Jayden Maiava still does not get the credit he deserves for how good he truly was last season. In his first season as a starting quarterback, he led the Trojans' offense to being a top unit in the country. Lincoln Riley's offense was dangerous and high scoring because of how good and confident Maiava was last season. Maiava threw for 3431 yards, 23 touchdowns, and 8 interceptions. Maiava is a gun slinger, and he takes a lot of shots, but playing more under control would do wonders for his perception and draft stock. If he can have a similar season, with fewer interceptions and showcase his running ability more, there is reason to believe he can be one of the first quarterbacks taken in this next draft. The success of the Trojans this year falls on Maiava's back, but I am confident he will take a step forward and not back in year 2.
#season #offense
2 days ago
UFC Fight Night 282 took place Saturday at Etihad Arena in Abu Dhabi, featuring Magomed Ankalaev vs. Bogdan Guskov in the main event. The former champion Ankalaev sat at No. 2 in the light heayvweight division ahead of the event, and holds his spot after a final-round TKO win.
In the co-main event, former flyweight **** le challenger Steve Erceg was stopped by Ramazan Temirov. Erceg loses his No. 11 spot, falling to No. 13. Temirov enters the ranks, claiming the No. 12 spot, while Asu Almabayev moves up to No. 11.
PFL Washington took place in the nation's capital, where Thad Jean claimed the vacant welterweight **** le by defeating short-notice replacement Ernesto Rodriguez. Jean enters the honorable mentions at 170 pounds, while his original opponent, Shamil Musaev, falls out.
Check out all of the moves in the latest USA TODAY Sports/MMA Junkie rankings.
This article originally appeared on MMA Junkie: USA TODAY Sports/MMA Junkie rankings, July 28: Ramazan Temirov enters top 15
#enters #jean
In the co-main event, former flyweight **** le challenger Steve Erceg was stopped by Ramazan Temirov. Erceg loses his No. 11 spot, falling to No. 13. Temirov enters the ranks, claiming the No. 12 spot, while Asu Almabayev moves up to No. 11.
PFL Washington took place in the nation's capital, where Thad Jean claimed the vacant welterweight **** le by defeating short-notice replacement Ernesto Rodriguez. Jean enters the honorable mentions at 170 pounds, while his original opponent, Shamil Musaev, falls out.
Check out all of the moves in the latest USA TODAY Sports/MMA Junkie rankings.
This article originally appeared on MMA Junkie: USA TODAY Sports/MMA Junkie rankings, July 28: Ramazan Temirov enters top 15
#enters #jean
2 days ago
Fabio Paratici has wasted no time stamping his mark on this Fiorentina squad. He's brought in 5 new players already and more are coming. That's good news: the Viola needed to refresh a stale, ailing group. What I'm interested in, though, is the senior players the new sporting director has sold. No, I don't mean outcasts like Lucas Beltrán and Amir Richardson and Alessandro Bianco. I don't mean unfortunate salary casualty Robin Gosens. No, I mean all the academy-trained talent in the system.
Until the Viola create a B-team, it will lose a crop of academy kids every summer. Most of them never had a chance of breaking through to the first team. For the handful who might have the quality, finding an acceptable path within the club is difficult. The most common outcome is what happened to, say, Eduard Duțu last year: a promising young defender, he ended up on 7 loan deals before leaving Florence for good last year without ever making a senior appearance. Guys like Luca Ranieri—loans to Foggia, Ascoli, SPAL, and Salernitana before breaking through—are the exception. It's rare for to see one of these youngsters take that final step.
Young players matter to fans in a way they don't to the club itself. For fans, every 17-year-old who dribbles a 3rd-tier defender in preseason becomes a future star. That's not just luxurious thinking. We need that fantasy—the academy contains untold riches—because it reinforces two narratives that sustain us, especially through the lean years. First, we get to believe that we know ball and can identify buried talent because that allows us to think of ourselves as knowledgeable, superior, and in control of something over which we actually exert no control. Second, we get to think that Fiorentina is doing something better than other clubs, allowing us to enjoy vicarious success and prove to ourselves that there's a reason to support an organization that constantly falls short.
The other bit is that fans connect with kids they've watched grow up more than they do with senior players brought in on the open market. There are Borja Valero exceptions, of course, but in a vacuum, we'd all prefer an academy product more than a player of equal talent who transferred in. It demonstrates that the club's process is successful. It also provides a connection to the city: every time you see a kid like Tommaso Martinelli post a picture of himself as a child in the Curva Fiesole, it reinforces the depth of feeling the locals have for the club in a way that nothing else can.
Fiorentina has enjoyed unprecedented success at youth level in the Commisso era. Daniele Galloppa led the kids to their first scudetto in 43 years, adding that trophy to 4 Coppe Italia and 2 Supercoppe since the 2019-2020 season. There's been a rich seam of talent at the RBCVPetc, churning out senior internationals (Federico Chiesa, Jan Mlakar, Michael Kayode), promising youngsters (Daniele Ghilardi, Edoardo Pierozzi, Costantino Favasuli) and steady veterans dotting t
Until the Viola create a B-team, it will lose a crop of academy kids every summer. Most of them never had a chance of breaking through to the first team. For the handful who might have the quality, finding an acceptable path within the club is difficult. The most common outcome is what happened to, say, Eduard Duțu last year: a promising young defender, he ended up on 7 loan deals before leaving Florence for good last year without ever making a senior appearance. Guys like Luca Ranieri—loans to Foggia, Ascoli, SPAL, and Salernitana before breaking through—are the exception. It's rare for to see one of these youngsters take that final step.
Young players matter to fans in a way they don't to the club itself. For fans, every 17-year-old who dribbles a 3rd-tier defender in preseason becomes a future star. That's not just luxurious thinking. We need that fantasy—the academy contains untold riches—because it reinforces two narratives that sustain us, especially through the lean years. First, we get to believe that we know ball and can identify buried talent because that allows us to think of ourselves as knowledgeable, superior, and in control of something over which we actually exert no control. Second, we get to think that Fiorentina is doing something better than other clubs, allowing us to enjoy vicarious success and prove to ourselves that there's a reason to support an organization that constantly falls short.
The other bit is that fans connect with kids they've watched grow up more than they do with senior players brought in on the open market. There are Borja Valero exceptions, of course, but in a vacuum, we'd all prefer an academy product more than a player of equal talent who transferred in. It demonstrates that the club's process is successful. It also provides a connection to the city: every time you see a kid like Tommaso Martinelli post a picture of himself as a child in the Curva Fiesole, it reinforces the depth of feeling the locals have for the club in a way that nothing else can.
Fiorentina has enjoyed unprecedented success at youth level in the Commisso era. Daniele Galloppa led the kids to their first scudetto in 43 years, adding that trophy to 4 Coppe Italia and 2 Supercoppe since the 2019-2020 season. There's been a rich seam of talent at the RBCVPetc, churning out senior internationals (Federico Chiesa, Jan Mlakar, Michael Kayode), promising youngsters (Daniele Ghilardi, Edoardo Pierozzi, Costantino Favasuli) and steady veterans dotting t
2 days ago
The Rams were among the favorites for Super Bowl LXIII before they traded for Myles Garrett in June and acquiring the defensive player of the year has only pushed expectations for the coming season higher in Los Angeles.
Head coach Sean McVay acknowledged those expectations at the start of training camp while noting that "there's a lot of stuff in the midst of the journey that we don't control." McVay wants the Rams to prioritize the things they do control when it comes to preparing for the season and quarterback Matthew Stafford was in a similar frame of mind when he spoke to reporters on Monday.
Stafford said he wants the team to focus on improving their baseline level of play rather than thinking about how high they can climb if everything falls into place.
"We can't help but make each other better, [but] pieces of paper and names on a roster, those don't win football games," Stafford said, via Greg Beacham of the ******* ociated Press. "Teams and players and groups do. . . . Sean said it the other night, we've got potentially a high ceiling, right? We've got great players that have done a lot in this league. What can we do to continue to raise our floor, so if I'm off a little bit, we can still go find a way to win a football game? If our defense is off a little bit, we can still find a way to go win a football game. Continuing to raise that floor is something that's going to be a huge part of our journey this season."
There are a number of ways that a talented team can get thrown off track over the course of an NFL season. The work that Stafford and the Rams do now can't eliminate all of them, but anything they can do to pare that number down will help them weather the inevitable curveballs that come their way over the next few months.
#mcvay
Head coach Sean McVay acknowledged those expectations at the start of training camp while noting that "there's a lot of stuff in the midst of the journey that we don't control." McVay wants the Rams to prioritize the things they do control when it comes to preparing for the season and quarterback Matthew Stafford was in a similar frame of mind when he spoke to reporters on Monday.
Stafford said he wants the team to focus on improving their baseline level of play rather than thinking about how high they can climb if everything falls into place.
"We can't help but make each other better, [but] pieces of paper and names on a roster, those don't win football games," Stafford said, via Greg Beacham of the ******* ociated Press. "Teams and players and groups do. . . . Sean said it the other night, we've got potentially a high ceiling, right? We've got great players that have done a lot in this league. What can we do to continue to raise our floor, so if I'm off a little bit, we can still go find a way to win a football game? If our defense is off a little bit, we can still find a way to go win a football game. Continuing to raise that floor is something that's going to be a huge part of our journey this season."
There are a number of ways that a talented team can get thrown off track over the course of an NFL season. The work that Stafford and the Rams do now can't eliminate all of them, but anything they can do to pare that number down will help them weather the inevitable curveballs that come their way over the next few months.
#mcvay
2 days ago
Former ******* nal star Takehiro Tomiyasu is currently training with Crystal Palace as he plots a Premier League return, according to The Athletic. The ******* anese left the Gunners in July 2025 after his contract was terminated by mutual agreement at the North London club. Tomiyasu was a key player for ******* nal manager Mikel Arteta whenever he was fit, making 84 appearances for the Emirates Stadium club during his four seasons at the club. The Palace target joined Ajax last December on a six-month deal, leaving at the end of last season.
He is currently a free agent and a move to the Selhurst Park club could be on the cards. The former Gunners star could make an appearance for the Eagles in a friendly later this week. He has been training with the South London club as part of their pre-season preparations. The high-level training environment Palace is providing has come in handy for Tomiyasu as he looks to maintain and improve his fitness.
Tomiyasu made three appearances at the World Cup with ******* an and will fancy his chances of impressing in the Premier League again after overcoming his injury woes.
The Eagles are not the only ones keen on the full-back, with clubs in the Championship and other European leagues also looking to recruit his services.
He will not be short of suitors even if a move to Palace falls through, but a return to the English top-flight appeals to him.
#premier
He is currently a free agent and a move to the Selhurst Park club could be on the cards. The former Gunners star could make an appearance for the Eagles in a friendly later this week. He has been training with the South London club as part of their pre-season preparations. The high-level training environment Palace is providing has come in handy for Tomiyasu as he looks to maintain and improve his fitness.
Tomiyasu made three appearances at the World Cup with ******* an and will fancy his chances of impressing in the Premier League again after overcoming his injury woes.
The Eagles are not the only ones keen on the full-back, with clubs in the Championship and other European leagues also looking to recruit his services.
He will not be short of suitors even if a move to Palace falls through, but a return to the English top-flight appeals to him.
#premier
3 days ago
AirJoule Technologies: A Cool Shot at a Multibagger
Unilever (NYSE:UL) reported accelerating volume-led growth in the second quarter, prompting the consumer products company to raise its full-year outlook as it expects pricing to become a larger contributor in the second half.
Underlying sales rose 4.8% in the first half, including 4.2% from volume and 0.6% from price, Chief Financial Officer Srinivas Phatak said on the company's results call. Second-quarter underlying sales growth accelerated to 5.8%, driven by 5.5% volume growth, which management described as Unilever's strongest quarterly volume performance since 2010.
→ MarketBeat Week in Review – 07/20- 07/24
McCormick & Company Falls to Value Levels Income Investors Love
#volume #second #company
Unilever (NYSE:UL) reported accelerating volume-led growth in the second quarter, prompting the consumer products company to raise its full-year outlook as it expects pricing to become a larger contributor in the second half.
Underlying sales rose 4.8% in the first half, including 4.2% from volume and 0.6% from price, Chief Financial Officer Srinivas Phatak said on the company's results call. Second-quarter underlying sales growth accelerated to 5.8%, driven by 5.5% volume growth, which management described as Unilever's strongest quarterly volume performance since 2010.
→ MarketBeat Week in Review – 07/20- 07/24
McCormick & Company Falls to Value Levels Income Investors Love
#volume #second #company
3 days ago
Liverpool are ready to test Paris Saint-Germain's resolve over Bradley Barcola, with Nico Schira reporting that a bid worth more than €100 million is being readied for the France winger. The 22-year-old is understood to be Liverpool's leading target as the club plans for life after Mohamed Salah, although PSG are said to value Barcola closer to €150 million to €170 million.
That gap is significant, yet it does not appear to have deterred Liverpool from moving the situation forward. The key line from the update is clear, "Liverpool are now ready to submit a bid to #PSG over €100M to try to sign Bradley #barcola ," which points to fresh intent rather than background admiration. It also underlines that Barcola has moved to the front of Liverpool's thinking in the wide forward market.
Barcola is widely regarded as one of Europe's most dynamic young attackers. His pace, one v one quality and capacity to stretch defences make him a natural fit for Premier League football, and Liverpool's recruitment team will know they are dealing with a player whose ceiling remains extremely high. If Salah's long-term succession plan is being accelerated, this is the sort of profile Liverpool would be expected to pursue.
PSG's stance is equally important here. The suggestion that Paris would demand €150 million to €170 million indicates they are in no rush to sell and would only engage seriously on elite terms. That leaves Liverpool with a familiar decision, pay a premium for a priority target or ***** s whether the market offers stronger value elsewhere.
From Liverpool's side, an opening bid above €100 million would carry weight and demonstrate conviction. It would also set the tone for talks, even if it falls well short of PSG's reported expectations. Clubs often begin with a number that reflects both intent and room to negotiate, especially in a deal of this size.
#Paris #bradley #ready #target
That gap is significant, yet it does not appear to have deterred Liverpool from moving the situation forward. The key line from the update is clear, "Liverpool are now ready to submit a bid to #PSG over €100M to try to sign Bradley #barcola ," which points to fresh intent rather than background admiration. It also underlines that Barcola has moved to the front of Liverpool's thinking in the wide forward market.
Barcola is widely regarded as one of Europe's most dynamic young attackers. His pace, one v one quality and capacity to stretch defences make him a natural fit for Premier League football, and Liverpool's recruitment team will know they are dealing with a player whose ceiling remains extremely high. If Salah's long-term succession plan is being accelerated, this is the sort of profile Liverpool would be expected to pursue.
PSG's stance is equally important here. The suggestion that Paris would demand €150 million to €170 million indicates they are in no rush to sell and would only engage seriously on elite terms. That leaves Liverpool with a familiar decision, pay a premium for a priority target or ***** s whether the market offers stronger value elsewhere.
From Liverpool's side, an opening bid above €100 million would carry weight and demonstrate conviction. It would also set the tone for talks, even if it falls well short of PSG's reported expectations. Clubs often begin with a number that reflects both intent and room to negotiate, especially in a deal of this size.
#Paris #bradley #ready #target
3 days ago
The bears may not be going anywhere on semiconductor stocks.
Quick insight: The VanEck Semiconductor ETF (SMH) — which counts Nvidia (NVDA), Taiwan Semiconductor (TSM), and Broadcom (AVGO) as its top three holdings — has begun to form a head-and-shoulders stock pattern, according to Yahoo Finance AlphaSpace chart ****** ysis (below).
The left shoulder took shape starting in mid-May, with the head forming in late June, and now the right shoulder has emerged. The pattern will be official if the ETF falls below the May 19 closing low of $543.
The head-and-shoulders pattern is widely considered bearish, as it suggests that buyers are gradually losing control of the market for a particular stock or ETF.
During the formation of the left shoulder and head, buyers can still push prices to new highs. But the inability to push higher on the right shoulder suggests that buyer demand is beginning to weaken.
#shoulder #pattern #Stock #suggests
Quick insight: The VanEck Semiconductor ETF (SMH) — which counts Nvidia (NVDA), Taiwan Semiconductor (TSM), and Broadcom (AVGO) as its top three holdings — has begun to form a head-and-shoulders stock pattern, according to Yahoo Finance AlphaSpace chart ****** ysis (below).
The left shoulder took shape starting in mid-May, with the head forming in late June, and now the right shoulder has emerged. The pattern will be official if the ETF falls below the May 19 closing low of $543.
The head-and-shoulders pattern is widely considered bearish, as it suggests that buyers are gradually losing control of the market for a particular stock or ETF.
During the formation of the left shoulder and head, buyers can still push prices to new highs. But the inability to push higher on the right shoulder suggests that buyer demand is beginning to weaken.
#shoulder #pattern #Stock #suggests
5 days ago
Ether (ETH), the native token of the Ethereum protocol, has jumped roughly 25% in the past month, but a classic technical setup shows potential price correction ahead.
ETH was trading near $1,890 on July 24, having recovered from its June low near $1,510. However, the rebound has developed between two ascending, converging trendlines, creating the rising wedge structure.
A rising wedge typically reflects weakening bullish momentum because price continues to form higher highs and higher lows within an increasingly narrow range.
The pattern confirms when the price closes below its lower trendline with stronger trading volume and falls by as much as the maximum distance between the lower and the upper trendline.
For Ether, the wedge support appears near $1,830–$1,850, overlapping with its 50-day exponential moving average (50-day EMA, red) at approximately $1,832. Losing this support could accelerate the sell-off toward $1,600–$1,605, representing a decline of around 15% from current prices.
#ether #lower
ETH was trading near $1,890 on July 24, having recovered from its June low near $1,510. However, the rebound has developed between two ascending, converging trendlines, creating the rising wedge structure.
A rising wedge typically reflects weakening bullish momentum because price continues to form higher highs and higher lows within an increasingly narrow range.
The pattern confirms when the price closes below its lower trendline with stronger trading volume and falls by as much as the maximum distance between the lower and the upper trendline.
For Ether, the wedge support appears near $1,830–$1,850, overlapping with its 50-day exponential moving average (50-day EMA, red) at approximately $1,832. Losing this support could accelerate the sell-off toward $1,600–$1,605, representing a decline of around 15% from current prices.
#ether #lower
6 days ago
Barcelona's signing of Karim Adeyemi has not only strengthened Hansi Flick's attack but also brought an end to one of Borussia Dortmund's most consistent transfer trends.
The German winger arrived at Barcelona in a deal worth a fixed €22 million, with a further €7 million in performance-related add-ons.
While the agreement certainly represents a sensible piece of business for Borussia Dortmund given that Adeyemi had entered the final year of his contract, it falls well short of the enormous profits the Bundesliga side has become famous for generating in the transfer market.
According to the figures involved, Barcelona's Karim Adeyemi transfer is one of the few major Dortmund departures in recent years that has not resulted in a substantial financial windfall for the German club.
Borussia Dortmund signed Adeyemi from RB Salzburg in 2022 for €30 million, viewing the German international as another exciting young talent capable of developing into a world-class player.
#german #transfer #million #hansi
The German winger arrived at Barcelona in a deal worth a fixed €22 million, with a further €7 million in performance-related add-ons.
While the agreement certainly represents a sensible piece of business for Borussia Dortmund given that Adeyemi had entered the final year of his contract, it falls well short of the enormous profits the Bundesliga side has become famous for generating in the transfer market.
According to the figures involved, Barcelona's Karim Adeyemi transfer is one of the few major Dortmund departures in recent years that has not resulted in a substantial financial windfall for the German club.
Borussia Dortmund signed Adeyemi from RB Salzburg in 2022 for €30 million, viewing the German international as another exciting young talent capable of developing into a world-class player.
#german #transfer #million #hansi
6 days ago
A youth softball coach was charged with simple ****** ault after a fight broke out in the handshake line following a game Wednesday night in Morris County.
The coach, 54, of Florham Park, was charged with two counts of fourth degree simple ****** ault for his role in the fight, according to the Morris County Prosecutor's Office.
In video of the fight obtained by NJ.com, two coaches came together following the handshake line after a 12-and-under league game in Denville's Police Activities League between between Little Falls and a team of girls from East Hanover and Florham Park. Shoving ensued and coaches from both teams quickly jumped in as the fracas spilled down the first base line as players and spectators looked on.
Tempers eventually cooled as the coaches were separated with help from the game's umpire, the video shows.
The physical altercation is the latest incident involving adult coaches feuding at a youth sporting events, an epidemic that has grown increasingly more violent and common across fields and gyms in New Jersey. Simultaneously, pressure is mounting on high school athletic officials and state lawmakers to quell the trend.
#coaches #park
The coach, 54, of Florham Park, was charged with two counts of fourth degree simple ****** ault for his role in the fight, according to the Morris County Prosecutor's Office.
In video of the fight obtained by NJ.com, two coaches came together following the handshake line after a 12-and-under league game in Denville's Police Activities League between between Little Falls and a team of girls from East Hanover and Florham Park. Shoving ensued and coaches from both teams quickly jumped in as the fracas spilled down the first base line as players and spectators looked on.
Tempers eventually cooled as the coaches were separated with help from the game's umpire, the video shows.
The physical altercation is the latest incident involving adult coaches feuding at a youth sporting events, an epidemic that has grown increasingly more violent and common across fields and gyms in New Jersey. Simultaneously, pressure is mounting on high school athletic officials and state lawmakers to quell the trend.
#coaches #park
6 days ago
Jul. 24—SIOUX FALLS — 'Week 0' isn't a new frontier in college football.
But teams in the Missouri Valley Football Conference are embracing the first chance to get on the field for 2026, which means the opening games of the new season are coming sooner on the calendar.
Eight of the nine Missouri Valley teams are playing on the first weekend of the season, a week before the traditional Labor Day weekend start as in past seasons. (Only Northern Iowa is not in action for Week 0 this year.) Seven of the eight MVFC schools in action on the opening weekend are playing fellow Division I schools.
"I'm a huge supporter of not only starting earlier but getting the season done earlier," UND coach Eric Schmidt said. "There's no reason not to. Especially with everything that happens at the end of the season with championship games and trying to get kids into school. College football has always been a New Year's Day-ish postseason sport, where the season is coming to a close. I think it makes sense for these (players) as far as their schedules go, as well."
Schmidt noted that the last weekend in August is expected to become the new opening week for both FBS and FCS college football in the future, so FCS teams are getting a taste of what the schedule is expected to be going forward. That is a potential downside for the FCS: whatever standalone spotlight they've gotten in the past with their games is likely to be short lived as the FBS moves more games to Week 0, as well, making room for the expanded postseason at the end of the year.
#Football #games #opening
But teams in the Missouri Valley Football Conference are embracing the first chance to get on the field for 2026, which means the opening games of the new season are coming sooner on the calendar.
Eight of the nine Missouri Valley teams are playing on the first weekend of the season, a week before the traditional Labor Day weekend start as in past seasons. (Only Northern Iowa is not in action for Week 0 this year.) Seven of the eight MVFC schools in action on the opening weekend are playing fellow Division I schools.
"I'm a huge supporter of not only starting earlier but getting the season done earlier," UND coach Eric Schmidt said. "There's no reason not to. Especially with everything that happens at the end of the season with championship games and trying to get kids into school. College football has always been a New Year's Day-ish postseason sport, where the season is coming to a close. I think it makes sense for these (players) as far as their schedules go, as well."
Schmidt noted that the last weekend in August is expected to become the new opening week for both FBS and FCS college football in the future, so FCS teams are getting a taste of what the schedule is expected to be going forward. That is a potential downside for the FCS: whatever standalone spotlight they've gotten in the past with their games is likely to be short lived as the FBS moves more games to Week 0, as well, making room for the expanded postseason at the end of the year.
#Football #games #opening
7 days ago
Barring 15-year-old JJ Gabriel coming in for England Under-20 striker Ethan Wheatley, who has a minor calf problem, Manchester United's 25-man squad for their first two pre-season games in Helsinki and Trondheim has stayed the same.
That surely means anyone from the academy who has a chance of breaking into Michael Carrick's senior squad consistently this season will come from that group.
It means the academy players not involved – including the likes of Gibraltar international James Scanlon, midfielder Jack Moorhouse, who spent the first half of last season at Leyton Orient, and Gabriele Biancheri, who was at Rotherham, will have to seriously consider their next moves.
Australia full-back James Overy also falls into that group.
Overy missed a lot of football with United last term after being picked for both the Under-20 World Cup and Under-23 Asian Cup.
#group
That surely means anyone from the academy who has a chance of breaking into Michael Carrick's senior squad consistently this season will come from that group.
It means the academy players not involved – including the likes of Gibraltar international James Scanlon, midfielder Jack Moorhouse, who spent the first half of last season at Leyton Orient, and Gabriele Biancheri, who was at Rotherham, will have to seriously consider their next moves.
Australia full-back James Overy also falls into that group.
Overy missed a lot of football with United last term after being picked for both the Under-20 World Cup and Under-23 Asian Cup.
#group
7 days ago
SIOUX FALLS — Tickets are now on sale for the 2026 South Dakota Sports Hall of Fame banquet that is scheduled for Sunday, Sept. 13 at the Sioux Falls Convention Center.
Twenty-one sports legends are set to be inducted, including seven with ties to northeastern and north central South Dakota:
Jason Sutherland, a 1993 Watertown High School graduate who was one of the most gifted and versatile athletes in state history.
Tim Miles, a Doland native and successful college basketball coach.
Jim Dorman, a Castlewood native and statewide athletic administrating guru.
#sunday
Twenty-one sports legends are set to be inducted, including seven with ties to northeastern and north central South Dakota:
Jason Sutherland, a 1993 Watertown High School graduate who was one of the most gifted and versatile athletes in state history.
Tim Miles, a Doland native and successful college basketball coach.
Jim Dorman, a Castlewood native and statewide athletic administrating guru.
#sunday
7 days ago
LONDON, July 23 (Reuters) - The European Central Bank kept borrowing costs on hold on Thursday but left room for more tightening in the coming months as a widening conflict in the Middle East pushed up energy prices again.
The ECB kept its deposit rate at 2.25% but said it was "closely monitoring the intensity and duration of the shock, as well as its indirect and second-round effects."
The euro extended its falls and was last down 0.28% at $1.1378.
Interest-rate sensitive two-year bond yields across the euro area held higher on the day, with German two-year bond yields last up around 3 basis points at 2.87%.
Money markets price in a high chance of two more rate increases by year-end.
#year #yields #july
The ECB kept its deposit rate at 2.25% but said it was "closely monitoring the intensity and duration of the shock, as well as its indirect and second-round effects."
The euro extended its falls and was last down 0.28% at $1.1378.
Interest-rate sensitive two-year bond yields across the euro area held higher on the day, with German two-year bond yields last up around 3 basis points at 2.87%.
Money markets price in a high chance of two more rate increases by year-end.
#year #yields #july
7 days ago
The telecom giant is standing out in a down market, but its real value for your portfolio is a story told over years, not days.
AT&T (T) stock is having a good week when most are not. Over the last 5 trading days, it has climbed 4.6% even as the S&P 500 index slid. In a sea of red, that kind of green gets noticed.
The immediate urge is to chase what's working. You see a stock holding its ground while the market falls, and you think, That's my safe harbor. I should buy more.
But building wealth isn't about guessing next week's winner. The more important question for your portfolio is what a stock like AT&T actually adds to the mix. How much of its performance is a genuinely different story, and how much is just another version of the market risk you already own?
A Counter-Current In Your Portfolio
#Portfolio #story #much #giant
AT&T (T) stock is having a good week when most are not. Over the last 5 trading days, it has climbed 4.6% even as the S&P 500 index slid. In a sea of red, that kind of green gets noticed.
The immediate urge is to chase what's working. You see a stock holding its ground while the market falls, and you think, That's my safe harbor. I should buy more.
But building wealth isn't about guessing next week's winner. The more important question for your portfolio is what a stock like AT&T actually adds to the mix. How much of its performance is a genuinely different story, and how much is just another version of the market risk you already own?
A Counter-Current In Your Portfolio
#Portfolio #story #much #giant
7 days ago
Updated July 22, 2026 8:58 am ET
Listen
(3 min)
1248 GMT – The dollar could remain little affected by the latest bout of U.S. trade uncertainty in the near term, MUFG Bank’s Derek Halpenny says in a note. President Trump’s plans for new tariffs should broadly replicate the Section 122 tariffs which are due to expire on Friday, meaning the currency implications should be limited, he says. Moreover, it comes at a time when markets are pricing in U.S. interest-rate rises and Middle East risks are higher, providing some support to the dollar, he says. However, if trade uncertainty becomes more ***** ounced, dollar selling could re-emerge as investors become more concerned over unpredictable policies and the damage to the U.S. economy, he says. The DXY dollar index trades flat at 101.135. (renae.dyerwsj.com)
0940 GMT – U.S. Treasury yields trade steady on the day, with the 10-year yield close to an earlier two-month high, while the dollar is marginally lower. Investors remain cautious as oil prices rise and Middle East tensions continue, leaving a risk that yields and the dollar could rise. “The pullback [in the U.S. dollar] could prove limited, however, as Treasury yields remain at elevated levels and geopolitical tensions could continue to fuel safe-haven demand,” DHF Capital S.A’s Bas Kooijman says in a note. Brent crude rises 3.5% to $94.19. The 10-year Treasury yield is last up 0.2 basis points at 4.630%, having earlier hit a high of 4.642%, according to Tradeweb. The DXY dollar index falls 0.1% to 101.102, having hit a one-week high of 101.210 overnight. (emese.barthawsj.com)
#treasury #east
Listen
(3 min)
1248 GMT – The dollar could remain little affected by the latest bout of U.S. trade uncertainty in the near term, MUFG Bank’s Derek Halpenny says in a note. President Trump’s plans for new tariffs should broadly replicate the Section 122 tariffs which are due to expire on Friday, meaning the currency implications should be limited, he says. Moreover, it comes at a time when markets are pricing in U.S. interest-rate rises and Middle East risks are higher, providing some support to the dollar, he says. However, if trade uncertainty becomes more ***** ounced, dollar selling could re-emerge as investors become more concerned over unpredictable policies and the damage to the U.S. economy, he says. The DXY dollar index trades flat at 101.135. (renae.dyerwsj.com)
0940 GMT – U.S. Treasury yields trade steady on the day, with the 10-year yield close to an earlier two-month high, while the dollar is marginally lower. Investors remain cautious as oil prices rise and Middle East tensions continue, leaving a risk that yields and the dollar could rise. “The pullback [in the U.S. dollar] could prove limited, however, as Treasury yields remain at elevated levels and geopolitical tensions could continue to fuel safe-haven demand,” DHF Capital S.A’s Bas Kooijman says in a note. Brent crude rises 3.5% to $94.19. The 10-year Treasury yield is last up 0.2 basis points at 4.630%, having earlier hit a high of 4.642%, according to Tradeweb. The DXY dollar index falls 0.1% to 101.102, having hit a one-week high of 101.210 overnight. (emese.barthawsj.com)
#treasury #east
7 days ago
Notre Dame is really stacking the talent along the defensive line with its 2027 football recruiting class. On Thursday, one of the big additions to that group finally made a public announcement. 4-Star defensive lineman Brayden Parks gave his commitment to Marcus Freeman, Charlie Partridge, and Notre Dame via an announcement ceremony on CBS Sports.
The 6'3" 305 pound defensive tackle from Brother Rice High School in Chicago, Illinois, chose the Irish over his other finalist, the Oregon Ducks. Parks also held major offers from all over the country including the Ohio State Buckeyes, Michigan Wolverines, Alabama Crimson Tide, Miami Hurricanes, and many more.
From 247:
-Wide, stout-bodied interior defender who makes life challenging for Middle 3 blockers with his rate of movement off the ball.
-Possesses the rush get-off and skill level to consistently shave edges or pry open rush paths with inside moves.
-Can rip and swipe his way to immediate victories, with an effective hump move sprinkled in.
-Natural leverage advantage simplifies his ability to anchor and root into the ground against downhill run efforts for new lines of scrimmage.
-Power-packed player who doesn't lose steam on his way to the quarterback at various parts of the field.
-Falls shy of positional size thresholds, but has the length to overwrite those shortcomings.
-Looks the part of a productive, multi-year contributor for a Power Four program who specializes in even-front deployments.
From ISD:
#star
The 6'3" 305 pound defensive tackle from Brother Rice High School in Chicago, Illinois, chose the Irish over his other finalist, the Oregon Ducks. Parks also held major offers from all over the country including the Ohio State Buckeyes, Michigan Wolverines, Alabama Crimson Tide, Miami Hurricanes, and many more.
From 247:
-Wide, stout-bodied interior defender who makes life challenging for Middle 3 blockers with his rate of movement off the ball.
-Possesses the rush get-off and skill level to consistently shave edges or pry open rush paths with inside moves.
-Can rip and swipe his way to immediate victories, with an effective hump move sprinkled in.
-Natural leverage advantage simplifies his ability to anchor and root into the ground against downhill run efforts for new lines of scrimmage.
-Power-packed player who doesn't lose steam on his way to the quarterback at various parts of the field.
-Falls shy of positional size thresholds, but has the length to overwrite those shortcomings.
-Looks the part of a productive, multi-year contributor for a Power Four program who specializes in even-front deployments.
From ISD:
#star
7 days ago
Sean McVay and the front office probably have a good idea of which players are locks to make the 53-man roster this year. With such a strong roster, many players are certain to make the team. But there are a handful of guys who are squarely on the bubble, needing a good showing in camp in order to stick around on the active roster.
Training camp practices will help decide who falls on the right side of the bubble and who gets cut, as will the preseason. These six players are right on the bubble heading into camp, which begins this weekend.
Ty Simpson obviously isn't in any danger of being cut if he can't secure the No. 2 spot behind Matthew Stafford, but Bennett's job isn't safe. In fact, if Simpson beats out Bennett, it's possible the Rams will release the former Georgia standout and only carry two quarterbacks.
Of course, that's dependent on Bennett's performance in camp and the preseason, but with such a talented roster, the Rams may not find room for three quarterbacks. If Bennett performs the way he did last summer, though, he'll be difficult to cut.
Dolac was a key special teamer last year after standing out in training camp and the preseason, securing his spot on the 53-man roster after just two exhibition games. Even though he made the team last year, there's no guarantee he'll be back on it this season – especially after the Rams signed Grant Stuard to be their special teams ace.
#camp #Rams #players #simpson
Training camp practices will help decide who falls on the right side of the bubble and who gets cut, as will the preseason. These six players are right on the bubble heading into camp, which begins this weekend.
Ty Simpson obviously isn't in any danger of being cut if he can't secure the No. 2 spot behind Matthew Stafford, but Bennett's job isn't safe. In fact, if Simpson beats out Bennett, it's possible the Rams will release the former Georgia standout and only carry two quarterbacks.
Of course, that's dependent on Bennett's performance in camp and the preseason, but with such a talented roster, the Rams may not find room for three quarterbacks. If Bennett performs the way he did last summer, though, he'll be difficult to cut.
Dolac was a key special teamer last year after standing out in training camp and the preseason, securing his spot on the 53-man roster after just two exhibition games. Even though he made the team last year, there's no guarantee he'll be back on it this season – especially after the Rams signed Grant Stuard to be their special teams ace.
#camp #Rams #players #simpson
7 days ago
El Paso's unbeaten bantamweight boxing prospect Ivy Enriquez suffered a torn ACL injury in her right knee during training and will not fight next month at the El Paso County Coliseum.
Enriquez was scheduled to fight Perla “La Princesa” Lomeli on Friday, Aug. 7 in a scheduled eight round fight. The Enriquez vs. Lomeli was the expected co-main event.
Red Owl Boxing is promoting the fight card, with the main event set to stream on DAZN at 8 p.m. MT/9 p.m. CT. The preliminary portion of the card will stream live on Red Owl Boxing’s YouTube channel, beginning at 6 p.m. MT./7 p.m. CT.
Enriquez, who is a 2025 Bel Air High School graduate and won multiple national amateur boxing championships and fought internationally.
In the main event, world-ranked Emanuel Moreno (13-0, 3 KO’s) of Wichita Falls, Texas, will battle it out with Guillermo Gutierrez (13-3, 1 KO) of San Antonio, Texas, for Moreno’s World Boxing ***** ociation Continental Americas bantamweight championship at stake.
#lomeli #moreno #World #bantamweight
Enriquez was scheduled to fight Perla “La Princesa” Lomeli on Friday, Aug. 7 in a scheduled eight round fight. The Enriquez vs. Lomeli was the expected co-main event.
Red Owl Boxing is promoting the fight card, with the main event set to stream on DAZN at 8 p.m. MT/9 p.m. CT. The preliminary portion of the card will stream live on Red Owl Boxing’s YouTube channel, beginning at 6 p.m. MT./7 p.m. CT.
Enriquez, who is a 2025 Bel Air High School graduate and won multiple national amateur boxing championships and fought internationally.
In the main event, world-ranked Emanuel Moreno (13-0, 3 KO’s) of Wichita Falls, Texas, will battle it out with Guillermo Gutierrez (13-3, 1 KO) of San Antonio, Texas, for Moreno’s World Boxing ***** ociation Continental Americas bantamweight championship at stake.
#lomeli #moreno #World #bantamweight
7 days ago
30 YEARS AGO — 1996
— Mark Gardner and his five-man crew aboard the Bark Ode captured the Mayor’s Cup as overall winner in the Racing Division, covering the course in 1:07:36. Gardner, who had already been sailing three hours before the 10 a.m. start, had been coming to Plattsburgh by sailboat for the race since 1984.
— Girls’ softball in the MVAC turned into a family affair as Elizabethtown-Lewis coach Nancy Bassett was named Coach of the Year and her daughter Hadley took MVP after leading the Lions to a perfect championship season two years after the team went winless. The junior pitched a one-hitter against Schroon Lake, followed with a no-hitter against Crown Point, and finished with 121 strikeouts.
— Meghan Welch, of West Chazy, broke her personal best in the 100-meter **** troke twice in one day at the Empire State Games in Buffalo, going 1:21.37 in the preliminaries and 1:21.22 in the final for a fifth place finish — the top individual swim by a North Country athlete on the games’ opening day. Bombay’s Jessica Jock took sixth in the open 200 individual medley.
— Post 20 (19-6) captured its league **** le and headed to Glens Falls for sub-state play against Lake Placid, having beaten the Adirondacks in all three meetings. Plattsburgh had won seven straight.
#state #games #three #took
— Mark Gardner and his five-man crew aboard the Bark Ode captured the Mayor’s Cup as overall winner in the Racing Division, covering the course in 1:07:36. Gardner, who had already been sailing three hours before the 10 a.m. start, had been coming to Plattsburgh by sailboat for the race since 1984.
— Girls’ softball in the MVAC turned into a family affair as Elizabethtown-Lewis coach Nancy Bassett was named Coach of the Year and her daughter Hadley took MVP after leading the Lions to a perfect championship season two years after the team went winless. The junior pitched a one-hitter against Schroon Lake, followed with a no-hitter against Crown Point, and finished with 121 strikeouts.
— Meghan Welch, of West Chazy, broke her personal best in the 100-meter **** troke twice in one day at the Empire State Games in Buffalo, going 1:21.37 in the preliminaries and 1:21.22 in the final for a fifth place finish — the top individual swim by a North Country athlete on the games’ opening day. Bombay’s Jessica Jock took sixth in the open 200 individual medley.
— Post 20 (19-6) captured its league **** le and headed to Glens Falls for sub-state play against Lake Placid, having beaten the Adirondacks in all three meetings. Plattsburgh had won seven straight.
#state #games #three #took
7 days ago
Its history in market shocks reveals a pattern of deep falls and long recoveries that every shareholder should understand.
Bloom Energy (BE) stock fell 8.3% on July 20th, a sharp move for any holder. But to understand the risk you are carrying, you have to look past a single session. This is a company at the center of the AI buildout, providing clean, on-site power solutions for data centers, highlighted by a landmark deal with Oracle for its Project Jupiter. The market is weighing that strong demand, which led management to raise its 2026 revenue guidance to a range of $3.4 billion to $3.8 billion, against the significant operational challenge of scaling its manufacturing to meet it.
That recent dip is a minor tremor. The real question for a shareholder is how this stock behaves in a true major market downturn. When the entire market sells off, how far does Bloom Energy fall, and how long does it take to climb back? Can you ride that out?
A 78% Fall During The Covid Crash
When the broad market falls, Bloom Energy stock tends to fall much further. Across the seven major market shocks it has traded through, the stock's average peak-to-trough drop was about 49%, compared to just 17% for the S&P 500. That amplified downside is the core risk.
#Stock #falls #shareholder
Bloom Energy (BE) stock fell 8.3% on July 20th, a sharp move for any holder. But to understand the risk you are carrying, you have to look past a single session. This is a company at the center of the AI buildout, providing clean, on-site power solutions for data centers, highlighted by a landmark deal with Oracle for its Project Jupiter. The market is weighing that strong demand, which led management to raise its 2026 revenue guidance to a range of $3.4 billion to $3.8 billion, against the significant operational challenge of scaling its manufacturing to meet it.
That recent dip is a minor tremor. The real question for a shareholder is how this stock behaves in a true major market downturn. When the entire market sells off, how far does Bloom Energy fall, and how long does it take to climb back? Can you ride that out?
A 78% Fall During The Covid Crash
When the broad market falls, Bloom Energy stock tends to fall much further. Across the seven major market shocks it has traded through, the stock's average peak-to-trough drop was about 49%, compared to just 17% for the S&P 500. That amplified downside is the core risk.
#Stock #falls #shareholder
8 days ago
ETF.com President & Director of Research Dave Nadig grabbed some time with John Montgomery, Founder, CEO, and PM at Bridgeway Capital Management, while at the 2026 ICI ETF Conference. Their discussion covered everything from contrarian investing and walking the talk to the company's 50% donation of profits to charities since its inception in the early '90s.
John Montgomery has been running Bridgeway for over three decades, with a simple pitch: deep quantitative research, a focus on smaller, less-liquid stocks that bigger competitors can't touch, and a lean team where everyone knows everyone. But the real differentiator isn't the strategy but instead the why. Bridgeway funnels a share of its profits into a foundation focused on ending genocide and preventing war atrocities, working in sub-Saharan Africa and Ukraine. It's not a marketing gimmick either but instead is baked into the culture from the board room down.
The firm's move from mutual funds to ETFs is its own case study in doing things the hard way for the right reasons. Rather than sidestep the pain with a cheaper clone or share-class workaround, Bridgeway fully converted several strategies, eating short-term costs for long-term tax efficiency and lower fees. Montgomery's philosophy is if a painful transition is coming, do it early and don't wait until you're the last holdout. However, Bridgeway isn't trying to be a trailblazer either in that regard, instead waiting for at least some of the infrastructure to get built by others and jumping in once the operational kinks are worked out.
On the investing side, Montgomery's contrarian streak runs deep. His family literally trims their own personal budget to buy more stock when markets crash, putting the buy low, sell high mentality into practice. That mindset shows up in Bridgeway's small-cap value strategy, which stays disciplined even when the category falls out of favor, helped by a long partnership with Focus Partners Wealth that rebalances into the strategy precisely when everyone else is fleeing it. It's a countercyclical approach that sounds obvious on paper and is brutally hard to live by in practice. It's also the perfect case study for exactly why people need financial advisors in the first place.
Permalink | © Copyright 2026 etf.com. All rights reserved
#bridgeway #everyone #strategy #montgomery
John Montgomery has been running Bridgeway for over three decades, with a simple pitch: deep quantitative research, a focus on smaller, less-liquid stocks that bigger competitors can't touch, and a lean team where everyone knows everyone. But the real differentiator isn't the strategy but instead the why. Bridgeway funnels a share of its profits into a foundation focused on ending genocide and preventing war atrocities, working in sub-Saharan Africa and Ukraine. It's not a marketing gimmick either but instead is baked into the culture from the board room down.
The firm's move from mutual funds to ETFs is its own case study in doing things the hard way for the right reasons. Rather than sidestep the pain with a cheaper clone or share-class workaround, Bridgeway fully converted several strategies, eating short-term costs for long-term tax efficiency and lower fees. Montgomery's philosophy is if a painful transition is coming, do it early and don't wait until you're the last holdout. However, Bridgeway isn't trying to be a trailblazer either in that regard, instead waiting for at least some of the infrastructure to get built by others and jumping in once the operational kinks are worked out.
On the investing side, Montgomery's contrarian streak runs deep. His family literally trims their own personal budget to buy more stock when markets crash, putting the buy low, sell high mentality into practice. That mindset shows up in Bridgeway's small-cap value strategy, which stays disciplined even when the category falls out of favor, helped by a long partnership with Focus Partners Wealth that rebalances into the strategy precisely when everyone else is fleeing it. It's a countercyclical approach that sounds obvious on paper and is brutally hard to live by in practice. It's also the perfect case study for exactly why people need financial advisors in the first place.
Permalink | © Copyright 2026 etf.com. All rights reserved
#bridgeway #everyone #strategy #montgomery
8 days ago
You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters.
Semiconductors to Stablecoins: Jan van Eck on 2026 Markets "He's still a gold bull for the next decade despite a near-term technical stumble, but he's stayed bearish on Bitcoin all year, partially due to mechanisms specific to bitcoin and partially because of its rising correlation to the Nasdaq. Where he does see life in crypto is stablecoins and corporate chains, as banks race to wall off their own blockchain turf." (ETF.com)
Is Passive Investing Sabotaging Fund Managers? "Index fund fans counter that claims of distortion are mostly sour grapes from fund managers struggling to outperform. For one thing, index funds do little trading of their own. Active managers' jobs might even get easier as they scrap over a smaller slice of the market." (WSJ)
These 15 Funds Cost Investors Billions Over the Past Decade "Seven of the top 15 funds on our list are in the trading-inverse equity category, which are designed to increase in value when a specific benchmark or ***** et type falls. These funds occasionally rise to the top by betting against the market; for example, many funds that bet against US stocks were up 15% or more in 2022. But because market returns are positive more often than not, the long-term results haven't been pretty." (Morningstar)
Goldman Pitches New Way for LPs to Fund Capital Calls "The move would give large investors interest on capital that has been committed but not yet called, at rates around 160 basis points to 210 basis points over the benchmark. In return, Goldman would free up capacity on its balance sheet." (FundFire)
#market #Bitcoin
Semiconductors to Stablecoins: Jan van Eck on 2026 Markets "He's still a gold bull for the next decade despite a near-term technical stumble, but he's stayed bearish on Bitcoin all year, partially due to mechanisms specific to bitcoin and partially because of its rising correlation to the Nasdaq. Where he does see life in crypto is stablecoins and corporate chains, as banks race to wall off their own blockchain turf." (ETF.com)
Is Passive Investing Sabotaging Fund Managers? "Index fund fans counter that claims of distortion are mostly sour grapes from fund managers struggling to outperform. For one thing, index funds do little trading of their own. Active managers' jobs might even get easier as they scrap over a smaller slice of the market." (WSJ)
These 15 Funds Cost Investors Billions Over the Past Decade "Seven of the top 15 funds on our list are in the trading-inverse equity category, which are designed to increase in value when a specific benchmark or ***** et type falls. These funds occasionally rise to the top by betting against the market; for example, many funds that bet against US stocks were up 15% or more in 2022. But because market returns are positive more often than not, the long-term results haven't been pretty." (Morningstar)
Goldman Pitches New Way for LPs to Fund Capital Calls "The move would give large investors interest on capital that has been committed but not yet called, at rates around 160 basis points to 210 basis points over the benchmark. In return, Goldman would free up capacity on its balance sheet." (FundFire)
#market #Bitcoin
8 days ago
INDIANAPOLIS — Indiana Fever guard Sophie Cunningham doubled down Wednesday on comments she made in a recently published ESPN article, saying it’s “common sense” to bar transgender athletes from competing in women’s sports.
In the ESPN article, Cunningham said she wanted to “protect young girls in the locker room” and that “they shouldn’t have to go against biological men.”
“I said what I said. I think it’s kind of common sense,” Cunningham said before Wednesday’s home game against the Connecticut Sun. “And I think I’ll always believe in that. I think it’s really important to protect children, and that’s little girls who are also involved in that category. I stand on what I said.”
The participation of transgender athletes in sports has become an increasingly politicized issue, with the Supreme Court recently upholding individual state bans on trans athletes competing in sports alongside cisgender athletes. The ruling came roughly a year after President Donald Trump issued an executive order attempting to block trans athletes from competing in girls’ and women’s sports.
Cunningham added that she’s “not a very political person,” but her morals compelled her to speak out. She also stated that her stance on trans athletes is not indicative of which side of the political aisle she falls on.
#athletes #girls
In the ESPN article, Cunningham said she wanted to “protect young girls in the locker room” and that “they shouldn’t have to go against biological men.”
“I said what I said. I think it’s kind of common sense,” Cunningham said before Wednesday’s home game against the Connecticut Sun. “And I think I’ll always believe in that. I think it’s really important to protect children, and that’s little girls who are also involved in that category. I stand on what I said.”
The participation of transgender athletes in sports has become an increasingly politicized issue, with the Supreme Court recently upholding individual state bans on trans athletes competing in sports alongside cisgender athletes. The ruling came roughly a year after President Donald Trump issued an executive order attempting to block trans athletes from competing in girls’ and women’s sports.
Cunningham added that she’s “not a very political person,” but her morals compelled her to speak out. She also stated that her stance on trans athletes is not indicative of which side of the political aisle she falls on.
#athletes #girls
8 days ago
Relocations for the first of dozens of beluga whales that remained at the now-shuttered Marineland Canada have begun, according to the aquariums **** isting in the rescue.
Marineland Canada, located in Niagara Falls, Ontario, closed in September 2024 in the wake of controversy and allegations of animal abuse, CBC reported. Thirty beluga whales remained at the facility -- their care funded by donations. But once those donations ran out, their caretakers worried that euthanasia might be imminent -- asking the Canadian government in October 2025 for funds to feed the marine mammals.
MORE: Loss of sea ice putting migrating beluga whales in danger
On Monday, six of the beluga whales began their journey to their new home, according to several **** ociation of Zoos & Aquariums-accredited aquariums that are collaborating in the rescue.
Veterinarians **** sed the belugas' fitness for travel before they were loaded into specialized cold-water containers and transported by truck and plane, the aquariums said. The belugas, ranging in age from 6 to about 40, have been receiving "top-notch care" and are all in great condition, Eric Otjen, vice president of zoological operations at SeaWorld San Diego, told ABC News.
#aquariums #whales #remained #rescue
Marineland Canada, located in Niagara Falls, Ontario, closed in September 2024 in the wake of controversy and allegations of animal abuse, CBC reported. Thirty beluga whales remained at the facility -- their care funded by donations. But once those donations ran out, their caretakers worried that euthanasia might be imminent -- asking the Canadian government in October 2025 for funds to feed the marine mammals.
MORE: Loss of sea ice putting migrating beluga whales in danger
On Monday, six of the beluga whales began their journey to their new home, according to several **** ociation of Zoos & Aquariums-accredited aquariums that are collaborating in the rescue.
Veterinarians **** sed the belugas' fitness for travel before they were loaded into specialized cold-water containers and transported by truck and plane, the aquariums said. The belugas, ranging in age from 6 to about 40, have been receiving "top-notch care" and are all in great condition, Eric Otjen, vice president of zoological operations at SeaWorld San Diego, told ABC News.
#aquariums #whales #remained #rescue
8 days ago
Without loads of individual brilliance, the player of the day pick was clear with a dominating outing in Single-A.
Will Gagnon was nearly untouchable for the Tower Buzzers, delivering his finest performance to this point, holding the Giants to just three hits on his way to winning the game with a season-high 10 punchouts.
Striking people out was never an issue for Gagnon this season, but limiting the opposition to no free passes came as a surprise, something he had not done since the middle of May.
Waiting until the eighth inning to score all three runs they would in this game certainly didn't help; nevertheless, the burden of remaining winless this season still falls on the shoulders of Jackson Ferris himself, allowing five runs, four of them earned, in a 7-3 defeat for the Comets.
It is not your day when your leadoff hitter, in this case Alek Thomas, strikes out three times. All the Comets' scoring came from the bat of Ryan Ward with a three-run shot in the eighth inning.
#season #came #inning #without
Will Gagnon was nearly untouchable for the Tower Buzzers, delivering his finest performance to this point, holding the Giants to just three hits on his way to winning the game with a season-high 10 punchouts.
Striking people out was never an issue for Gagnon this season, but limiting the opposition to no free passes came as a surprise, something he had not done since the middle of May.
Waiting until the eighth inning to score all three runs they would in this game certainly didn't help; nevertheless, the burden of remaining winless this season still falls on the shoulders of Jackson Ferris himself, allowing five runs, four of them earned, in a 7-3 defeat for the Comets.
It is not your day when your leadoff hitter, in this case Alek Thomas, strikes out three times. All the Comets' scoring came from the bat of Ryan Ward with a three-run shot in the eighth inning.
#season #came #inning #without
9 days ago
Transfer windows thrive on the domino effect. One move triggers another, a sudden phone call reshapes two squads at once, and suddenly a frozen deal thaws out. Goodison Park might be about to benefit from exactly that kind of chain reaction. Tottenham full-back Djed Spence is firmly on the radar, and the key to unlocking his signature sits in north London.
According to former Everton chief executive Keith Wyness, via Transfer Feed, the whole situation hinges on Spurs completing a deal for Nottingham Forest defender Neco Williams. Speak to Wyness, and the picture becomes clear. If that deal crosses the line, Spence gets the green light to head to Merseyside.
Wyness ran things at Goodison between 2004 and 2009. He understands the mechanics of these negotiations. Now running a football consultancy advising elite teams, he can see a transfer chain taking shape. He believes Spurs might change their mind about whether they even need to fill the position, and that Spence himself looks ready for a fresh start somewhere else.
Spurs want Williams. That is the catalyst. Wyness thinks that if that specific piece falls into place, Spence will arrive at Everton at some stage this summer. It makes perfect sense. Football is transactional. One comes in, another departs. Tottenham are playing hardball over the fee, though. Separate reports show they want at least £40m to let him walk. Spence is locked into a contract until June 2029, meaning Peter Carrington holds all the leverage. Everton will have to find serious cash to get Tottenham to the negotiating table.
David Moyes has a massive problem to solve. Seamus Coleman has departed. The right-back slot is empty, exposed, and glaringly vulnerable. Anyone watching the back line last season could see the gap. Spence offers something Moyes loves: Versatility. He can play on the right or slot into the left-back role. He gives options. Managers crave that flexibility during a tough Premier League campaign.
#spence #back
According to former Everton chief executive Keith Wyness, via Transfer Feed, the whole situation hinges on Spurs completing a deal for Nottingham Forest defender Neco Williams. Speak to Wyness, and the picture becomes clear. If that deal crosses the line, Spence gets the green light to head to Merseyside.
Wyness ran things at Goodison between 2004 and 2009. He understands the mechanics of these negotiations. Now running a football consultancy advising elite teams, he can see a transfer chain taking shape. He believes Spurs might change their mind about whether they even need to fill the position, and that Spence himself looks ready for a fresh start somewhere else.
Spurs want Williams. That is the catalyst. Wyness thinks that if that specific piece falls into place, Spence will arrive at Everton at some stage this summer. It makes perfect sense. Football is transactional. One comes in, another departs. Tottenham are playing hardball over the fee, though. Separate reports show they want at least £40m to let him walk. Spence is locked into a contract until June 2029, meaning Peter Carrington holds all the leverage. Everton will have to find serious cash to get Tottenham to the negotiating table.
David Moyes has a massive problem to solve. Seamus Coleman has departed. The right-back slot is empty, exposed, and glaringly vulnerable. Anyone watching the back line last season could see the gap. Spence offers something Moyes loves: Versatility. He can play on the right or slot into the left-back role. He gives options. Managers crave that flexibility during a tough Premier League campaign.
#spence #back
9 days ago
With the Crew scheduled to face Inter Miami in less than two weeks, Lionel Messi's status for the game is in question following his World Cup appearance.
Miami is hosting the Crew for their first of two regular-season matchups on Aug. 1, 13 days after Messi played the full 120 minutes in the World Cup final. Messi failed to help Argentina win back-to-back World Cup ****** les and fell to Spain 1-0 on July 19.
The 39-year-old appeared in all eight games during his expected final World Cup.
While Miami returns from the MLS World Cup break on July 22 against the Chicago Fire, Messi and Miami midfielder Rodrigo De Paul will be out for that and the following game against CF Montreal on July 25, according to ESPN.
The Crew matchup is the last of Miami's three regular-season games before opening Leagues Cup against Atletico San Luis on Aug. 5. Additionally, the game falls within the 21-day rest period FIFA and FIFPRO, the worldwide representative organization for professional footballers, have agreed upon for players at the end of a season.
#season
Miami is hosting the Crew for their first of two regular-season matchups on Aug. 1, 13 days after Messi played the full 120 minutes in the World Cup final. Messi failed to help Argentina win back-to-back World Cup ****** les and fell to Spain 1-0 on July 19.
The 39-year-old appeared in all eight games during his expected final World Cup.
While Miami returns from the MLS World Cup break on July 22 against the Chicago Fire, Messi and Miami midfielder Rodrigo De Paul will be out for that and the following game against CF Montreal on July 25, according to ESPN.
The Crew matchup is the last of Miami's three regular-season games before opening Leagues Cup against Atletico San Luis on Aug. 5. Additionally, the game falls within the 21-day rest period FIFA and FIFPRO, the worldwide representative organization for professional footballers, have agreed upon for players at the end of a season.
#season