4 hours ago
Initial reports about San Francisco 49ers head coach Kyle Shanahan claimed he was not at fault for the car crash that occurred on July 14.
According to the California Crash Reporting System database — Case ID 5249308 — Shanahan was allegedly holding and using his cell phone prior to the crash. Still, Shanahan was not considered at fault. It was determined that the 21-year-old woman driving made an unsafe turn, which resulted in the crash. Both airbags were deployed.
The state of California prohibits holding and operating a cell phone while driving, according to Vehicle Code 23123.5(a), but Shanahan was not cited.
Chris Simms said he received pictures from Kyle's wife, Mandy. Simms said, "He was this close to maybe losing his right eye. The scar is so big right here. And he's still battling with this concussion. He's healing. His face looks a whole lot better, but this concussion, of course, being part of that kind of accident, is lingering, and it's giving him issues."
Here's more from Simms, via PFT live on Monday:
#shanahan #fault
According to the California Crash Reporting System database — Case ID 5249308 — Shanahan was allegedly holding and using his cell phone prior to the crash. Still, Shanahan was not considered at fault. It was determined that the 21-year-old woman driving made an unsafe turn, which resulted in the crash. Both airbags were deployed.
The state of California prohibits holding and operating a cell phone while driving, according to Vehicle Code 23123.5(a), but Shanahan was not cited.
Chris Simms said he received pictures from Kyle's wife, Mandy. Simms said, "He was this close to maybe losing his right eye. The scar is so big right here. And he's still battling with this concussion. He's healing. His face looks a whole lot better, but this concussion, of course, being part of that kind of accident, is lingering, and it's giving him issues."
Here's more from Simms, via PFT live on Monday:
#shanahan #fault
14 hours ago
Where will you finish in the league and why?
From what we have seen from our new manager, Alfred Johansson, and signings so far there is no reason to believe that we won't finish in the top six. Ideally we can finish fourth again or, at the bare minimum, fifth and hope whoever wins the league also wins the Scottish Cup so we could make back-to-back European campaigns.
Who is the best signing or has he not signed yet and who should it be?
With having only played two games with fans present it is hard to fully say who has been the best addition to the squad so far. By default, I would have to say Martin Moorman after his 25-yard wonder goal that put us ahead last Thursday [against HB Torshavn]. The new players overall seem to have gelled well with the original team, alongside the younger players we have seen come through from the academy. I would still like to see an extra striker and maybe two more defenders come through just to be on the safe side while we try reducing our injury backlog.
What do you want from your manager this season?
#alfred
From what we have seen from our new manager, Alfred Johansson, and signings so far there is no reason to believe that we won't finish in the top six. Ideally we can finish fourth again or, at the bare minimum, fifth and hope whoever wins the league also wins the Scottish Cup so we could make back-to-back European campaigns.
Who is the best signing or has he not signed yet and who should it be?
With having only played two games with fans present it is hard to fully say who has been the best addition to the squad so far. By default, I would have to say Martin Moorman after his 25-yard wonder goal that put us ahead last Thursday [against HB Torshavn]. The new players overall seem to have gelled well with the original team, alongside the younger players we have seen come through from the academy. I would still like to see an extra striker and maybe two more defenders come through just to be on the safe side while we try reducing our injury backlog.
What do you want from your manager this season?
#alfred
4 days ago
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Mark Twain may have been right when he quipped that all a person needs in life is ignorance and confidence. But when it comes to successfully navigating retirement, that's playing a dangerous game.
Many Americans make a lot of ****** umptions about retirement, from when they'll finally leave the job to when they'll claim Social Security, according to new research from J.P. Morgan ****** et Management. That's mostly a good thing, because planning for retirement requires a lot of forethought and careful financial and behavioral preparation. The problem is that many people seem to be working from faulty premises, starting with the belief that retirement is a one-time event that can be carefully orchestrated according to one's personal wishes. In reality, retirement is more of a journey than a one-time event, with timing that can vary widely due to factors not entirely (or even partly) within the individual's control. That's why the research compares the experiences of current retirees with the expectations of savers, while highlighting the important role that financial advisors can play in helping their clients cut through the noise.
"Retirees can offer a valuable reference point for [those people] still saving," said Michael Conrath, chief retirement strategist for J.P. Morgan ****** et Management. "This year's survey highlights several disconnects between what people expect and what retirees actually experience."
Sign up for The Daily Upside at no cost for premium ****** ysis on all your favorite stocks.
#Retirement
Mark Twain may have been right when he quipped that all a person needs in life is ignorance and confidence. But when it comes to successfully navigating retirement, that's playing a dangerous game.
Many Americans make a lot of ****** umptions about retirement, from when they'll finally leave the job to when they'll claim Social Security, according to new research from J.P. Morgan ****** et Management. That's mostly a good thing, because planning for retirement requires a lot of forethought and careful financial and behavioral preparation. The problem is that many people seem to be working from faulty premises, starting with the belief that retirement is a one-time event that can be carefully orchestrated according to one's personal wishes. In reality, retirement is more of a journey than a one-time event, with timing that can vary widely due to factors not entirely (or even partly) within the individual's control. That's why the research compares the experiences of current retirees with the expectations of savers, while highlighting the important role that financial advisors can play in helping their clients cut through the noise.
"Retirees can offer a valuable reference point for [those people] still saving," said Michael Conrath, chief retirement strategist for J.P. Morgan ****** et Management. "This year's survey highlights several disconnects between what people expect and what retirees actually experience."
Sign up for The Daily Upside at no cost for premium ****** ysis on all your favorite stocks.
#Retirement
4 days ago
On July 21, during CNBC's Mad Money program, host Jim Cramer used the daily chart **** ysis by options trader Bob Lang, founder of Explosive Options, to examine American Express Company (NYSE:AXP). Cramer pointed to the company's distinct cardholder demographic and high-margin annual fee structure, as he highlighted why the premium card issuer remains a long-time favorite for core portfolio allocations:
Now finally, there's one that I have been near and dear for as long as I can remember, and that's American Express. Now, this only has 10% of purchase volume with fewer cards in circulation, but their cardholders tend to spend a lot more money. Plus, they charge fees for their best cards, basically making you pay for access to their generous rewards programs. It's a fantastic business model. But remember, they do have credit risk.
Under Cramer's framework, American Express occupies a specialized niche compared to rival payment networks Visa Inc. (NYSE:V) and Mastercard Incorporated (NYSE:MA). While Visa controls 60% of cardholders and Mastercard holds 25% to 30%, American Express Company (NYSE:AXP) commands roughly 10% of purchase volume. However, unlike Visa and Mastercard, which operate strictly as neutral tollbooths with zero balance-sheet risk, American Express operates as a direct card issuer. That closed-loop structure allows the company to capture premium annual membership fees and higher per-cardholder spending, though it requires absorbing credit default risk when consumers fall behind on payments.
On the technical side, Cramer highlighted that Lang noted that American Express Company (NYSE:AXP) has shown exceptional relative strength during recent broader market chop. After breaking out above its 200-day moving average in early June, the stock successfully retested that key support level on multiple occasions before surging higher on heavy volume. With the MACD indicator continuing to flash a buy signal, Lang sees a clear path toward $350, with a secondary upside target at its February peak of $370. It is the exact price level where sellers previously emerged. Furthermore, heading into Friday's quarterly report, Cramer shared Lang's bullish fundamental outlook on travel demand while offering his own tactical trading playbook for retail investors:
Now, I've gotta tell you, in his view, American Express is the best in class. Given that we've seen big numbers in travel here, Lang expects that Amex will shoot the lights out when it reports on Friday… I agree with him that this company's best of breed, but I also want to point out that American Express' stock, no matter what they seem to report, tends to sell off in response to earnings on that Friday even when the numbers are terrific. Then it gradually finds its footing afterwards and mounts strong rallies in between quarters, which is why I always say, you know, around like 10:30, 11, you might want to buy this one. I'm not kidding. It's been a good prediction so far.
#volume
Now finally, there's one that I have been near and dear for as long as I can remember, and that's American Express. Now, this only has 10% of purchase volume with fewer cards in circulation, but their cardholders tend to spend a lot more money. Plus, they charge fees for their best cards, basically making you pay for access to their generous rewards programs. It's a fantastic business model. But remember, they do have credit risk.
Under Cramer's framework, American Express occupies a specialized niche compared to rival payment networks Visa Inc. (NYSE:V) and Mastercard Incorporated (NYSE:MA). While Visa controls 60% of cardholders and Mastercard holds 25% to 30%, American Express Company (NYSE:AXP) commands roughly 10% of purchase volume. However, unlike Visa and Mastercard, which operate strictly as neutral tollbooths with zero balance-sheet risk, American Express operates as a direct card issuer. That closed-loop structure allows the company to capture premium annual membership fees and higher per-cardholder spending, though it requires absorbing credit default risk when consumers fall behind on payments.
On the technical side, Cramer highlighted that Lang noted that American Express Company (NYSE:AXP) has shown exceptional relative strength during recent broader market chop. After breaking out above its 200-day moving average in early June, the stock successfully retested that key support level on multiple occasions before surging higher on heavy volume. With the MACD indicator continuing to flash a buy signal, Lang sees a clear path toward $350, with a secondary upside target at its February peak of $370. It is the exact price level where sellers previously emerged. Furthermore, heading into Friday's quarterly report, Cramer shared Lang's bullish fundamental outlook on travel demand while offering his own tactical trading playbook for retail investors:
Now, I've gotta tell you, in his view, American Express is the best in class. Given that we've seen big numbers in travel here, Lang expects that Amex will shoot the lights out when it reports on Friday… I agree with him that this company's best of breed, but I also want to point out that American Express' stock, no matter what they seem to report, tends to sell off in response to earnings on that Friday even when the numbers are terrific. Then it gradually finds its footing afterwards and mounts strong rallies in between quarters, which is why I always say, you know, around like 10:30, 11, you might want to buy this one. I'm not kidding. It's been a good prediction so far.
#volume
4 days ago
During the July 21 episode of CNBC's Mad Money, host Jim Cramer reviewed Mastercard Incorporated (NYSE:MA) using options trader Bob Lang's **** ysis of the daily chart of the stock. Pointing to the company as a premier vehicle for investors seeking to rebalance away from pure tech without sacrificing growth or high-margin processing power, Cramer highlighted its market share and recent price action:
I want to talk about the next chart, which is one of my absolute favorites. Michael Miebach runs it. It's Mastercard, MA, second most commonly used credit card. 25 to 30% of cardholders have one. Again, you can see that the stock's gone crazy in the last few weeks. Bouncing like mad off of its June lows. Although, unlike Visa, it still hasn't taken out its January highs. This is what I mean, by the way, when I say you need to diversify away from some of your tech. Mastercard is a tech company in bank clothing. It's always been a terrific place to be.
Examining the daily chart, Cramer highlighted that Bob Lang noted that Mastercard Incorporated (NYSE:MA) has constructed a textbook bullish trend channel marked by a series of higher highs and higher lows since hitting its June bottom. The stock's moving average convergence divergence (MACD) line generated a buy signal last month, while its relative strength index continues to trend upward without reaching overbought territory. Elevated volume and a rising on-balance volume line further validate the move. Cramer noted that Lang sees that the stock has legs, with primary technical resistance sitting at $573, representing roughly $35 in potential upside toward where the stock traded prior to a January gap down, giving Mastercard Incorporated (NYSE:MA) a clear path to challenge its January highs.
In Cramer's breakdown of the payment landscape, Mastercard Incorporated (NYSE:MA) occupies a middle ground in cardholder reach while sharing a critical structural moat with market leader Visa Inc. (NYSE:V). While Visa commands the top spot with 60% of cardholders and American Express Company (NYSE:AXP) handles roughly 10% of purchase volume, Mastercard sits solidly in second place with 25% to 30% cardholder penetration. Both Visa Inc. (NYSE:V) and Mastercard Incorporated (NYSE:MA) operate strictly as **** et-light processing networks with zero credit exposure, completely insulating them from default losses that direct lenders like American Express Company (NYSE:AXP) must carry on their balance sheets. On the technical side, while Visa has already surged past its January peak, Mastercard is still catching up after bouncing off its June floor, giving investors a high-margin processing stock.
#cramer
I want to talk about the next chart, which is one of my absolute favorites. Michael Miebach runs it. It's Mastercard, MA, second most commonly used credit card. 25 to 30% of cardholders have one. Again, you can see that the stock's gone crazy in the last few weeks. Bouncing like mad off of its June lows. Although, unlike Visa, it still hasn't taken out its January highs. This is what I mean, by the way, when I say you need to diversify away from some of your tech. Mastercard is a tech company in bank clothing. It's always been a terrific place to be.
Examining the daily chart, Cramer highlighted that Bob Lang noted that Mastercard Incorporated (NYSE:MA) has constructed a textbook bullish trend channel marked by a series of higher highs and higher lows since hitting its June bottom. The stock's moving average convergence divergence (MACD) line generated a buy signal last month, while its relative strength index continues to trend upward without reaching overbought territory. Elevated volume and a rising on-balance volume line further validate the move. Cramer noted that Lang sees that the stock has legs, with primary technical resistance sitting at $573, representing roughly $35 in potential upside toward where the stock traded prior to a January gap down, giving Mastercard Incorporated (NYSE:MA) a clear path to challenge its January highs.
In Cramer's breakdown of the payment landscape, Mastercard Incorporated (NYSE:MA) occupies a middle ground in cardholder reach while sharing a critical structural moat with market leader Visa Inc. (NYSE:V). While Visa commands the top spot with 60% of cardholders and American Express Company (NYSE:AXP) handles roughly 10% of purchase volume, Mastercard sits solidly in second place with 25% to 30% cardholder penetration. Both Visa Inc. (NYSE:V) and Mastercard Incorporated (NYSE:MA) operate strictly as **** et-light processing networks with zero credit exposure, completely insulating them from default losses that direct lenders like American Express Company (NYSE:AXP) must carry on their balance sheets. On the technical side, while Visa has already surged past its January peak, Mastercard is still catching up after bouncing off its June floor, giving investors a high-margin processing stock.
#cramer
4 days ago
The veins in Dennis Santana’s neck stood at attention, pulsing, ready to explode. The pitcher’s eyes were wide and wild. Several of Santana’s teammates had to hold the reliever back from the little guy who’d driven Santana crazy.
That would be Jose Caballero, who, protected by the wall of bodies in a bench-clearing incident with Pittsburgh on Monday, was smiling.
You have to credit Caballero, agitator at large, for the best week of his career. In just a few short days, he managed to annoy the Commissioner’s Office, the Pirates and fans, including a good number of Yankees loyalists.
It’s not a bad haul when your objective is to live in people’s heads.
Everyone agrees Caballero is a rogue character. So do I. But I can’t fault a player who’s trying to help his team win. The key is finding a specific talent and exploiting the **** out of it.
#pittsburgh #Monday #commissioner #office
That would be Jose Caballero, who, protected by the wall of bodies in a bench-clearing incident with Pittsburgh on Monday, was smiling.
You have to credit Caballero, agitator at large, for the best week of his career. In just a few short days, he managed to annoy the Commissioner’s Office, the Pirates and fans, including a good number of Yankees loyalists.
It’s not a bad haul when your objective is to live in people’s heads.
Everyone agrees Caballero is a rogue character. So do I. But I can’t fault a player who’s trying to help his team win. The key is finding a specific talent and exploiting the **** out of it.
#pittsburgh #Monday #commissioner #office
5 days ago
Six years after the pandemic pushed heavily leveraged companies into distress, some of the lenders that took control are beginning to cash out.
Tailored Brands, owner of clothing chain Men's Wearhouse, filed on July 10 to return to the public markets. Credit investor Silver Point Capital, which has owned the business since its 2020 restructuring, will remain the principal shareholder.
Strategic Value Partners and Sixth Street Partners sold $743 million of LATAM Airlines stock in a secondary equity offering in February, winding down a stake they inherited through the bankruptcy of Latin America's largest airline holding company in 2022.
Aeroméxico, whose largest creditor was Apollo Global Management, has traded in New York since November. The listing raised $223 million and came three years after Mexico's flagship carrier embarked on a $5 billion post-bankruptcy fleet modernization plan.
With defaults and bankruptcies edging up once more, these are useful case studies of what happens when lenders take the keys to a company. But many private credit managers appear already to have learned their lessons, according to bankruptcy experts.
#partners #million #largest #tailored
Tailored Brands, owner of clothing chain Men's Wearhouse, filed on July 10 to return to the public markets. Credit investor Silver Point Capital, which has owned the business since its 2020 restructuring, will remain the principal shareholder.
Strategic Value Partners and Sixth Street Partners sold $743 million of LATAM Airlines stock in a secondary equity offering in February, winding down a stake they inherited through the bankruptcy of Latin America's largest airline holding company in 2022.
Aeroméxico, whose largest creditor was Apollo Global Management, has traded in New York since November. The listing raised $223 million and came three years after Mexico's flagship carrier embarked on a $5 billion post-bankruptcy fleet modernization plan.
With defaults and bankruptcies edging up once more, these are useful case studies of what happens when lenders take the keys to a company. But many private credit managers appear already to have learned their lessons, according to bankruptcy experts.
#partners #million #largest #tailored
5 days ago
Bryson DeChambeau and Ian Poulter got into an altercation on the golf course during the first round of LIV UK.
Poulter was standing on the tee box ready to play when DeChambeau’s tee shot from another hole almost hit him. The ball landed by his feet, causing Poulter to jump out of the way and shout angrily in DeChambeau’s direction.
After his round, Poulter said that it wasn’t DeChambeau’s fault. The Englishman said that because of the way the golf course is laid out, you cannot see the tee box from where DeChambeau took his shot.
That combined with how long Poulter’s group took to play the hole meant it was simply bad fortune.
But DeChambeau’s old comments on why he doesn’t shout fore might change Poulter’s mind on that.
#dechambeau #poulter #course #round
Poulter was standing on the tee box ready to play when DeChambeau’s tee shot from another hole almost hit him. The ball landed by his feet, causing Poulter to jump out of the way and shout angrily in DeChambeau’s direction.
After his round, Poulter said that it wasn’t DeChambeau’s fault. The Englishman said that because of the way the golf course is laid out, you cannot see the tee box from where DeChambeau took his shot.
That combined with how long Poulter’s group took to play the hole meant it was simply bad fortune.
But DeChambeau’s old comments on why he doesn’t shout fore might change Poulter’s mind on that.
#dechambeau #poulter #course #round
5 days ago
LAS VEGAS (AP) — Formula 1 parent company Liberty Media, which also promotes the Las Vegas Grand Prix, has agreed to a settlement of about $3 million to end a class-action lawsuit brought by spectators regarding the inaugural 2023 race.
The opening-night practice session on Nov. 16, 2023, was halted after nine minutes when Carlos Sainz Jr. drove over a water valve cover that severely damaged his Ferrari. Practice didn't resume until the early morning hours of Nov. 17, ending at about 4 a.m. local time.
Fans were removed from the viewing areas before the 90-minute session took place.
Those who had tickets for only that practice session or bought three-night tickets are eligible for compensation under the settlement. Claims must be filed by Aug. 27.
Liberty Media and the Las Vegas Grand Prix did not admit fault under the settlement. A final approval hearing is scheduled for Nov. 4 at U.S. District Court of Nevada.
#vegas #settlement #grand #prix
The opening-night practice session on Nov. 16, 2023, was halted after nine minutes when Carlos Sainz Jr. drove over a water valve cover that severely damaged his Ferrari. Practice didn't resume until the early morning hours of Nov. 17, ending at about 4 a.m. local time.
Fans were removed from the viewing areas before the 90-minute session took place.
Those who had tickets for only that practice session or bought three-night tickets are eligible for compensation under the settlement. Claims must be filed by Aug. 27.
Liberty Media and the Las Vegas Grand Prix did not admit fault under the settlement. A final approval hearing is scheduled for Nov. 4 at U.S. District Court of Nevada.
#vegas #settlement #grand #prix
5 days ago
BUFR returned 14% over the past year with a built-in 10% downside buffer, while BIL offered only a 4% yield and zero equity upside.
SPY returned 20% over the same period, meaning nervous investors who parked in BIL forfeited roughly 16 percentage points of compounding in twelve months.
A partial rotation that moves a quarter to half of a BIL position into BUFR restores equity participation without fully abandoning the safety of the cash trade.
Don't wait: the ****** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Investors who rotated into SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) during the March 2026 volatility spike know its appeal: a steady 4%-ish yield, no drawdowns, and peace of mind. BIL has become the default parking spot for nervous equity money, and with the 10-year Treasury at 4.56% and near the 96th percentile of its 12-month range, the cash trade looks defensible. The problem is that BIL solved yesterday's problem. With the VIX back at 15.03, in the lower 10th percentile of the past year, sitting entirely in T-bills carries a different risk: missing the recovery. A middle path exists, and it wears the ticker BUFR.
#investors #nervous
SPY returned 20% over the same period, meaning nervous investors who parked in BIL forfeited roughly 16 percentage points of compounding in twelve months.
A partial rotation that moves a quarter to half of a BIL position into BUFR restores equity participation without fully abandoning the safety of the cash trade.
Don't wait: the ****** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Investors who rotated into SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) during the March 2026 volatility spike know its appeal: a steady 4%-ish yield, no drawdowns, and peace of mind. BIL has become the default parking spot for nervous equity money, and with the 10-year Treasury at 4.56% and near the 96th percentile of its 12-month range, the cash trade looks defensible. The problem is that BIL solved yesterday's problem. With the VIX back at 15.03, in the lower 10th percentile of the past year, sitting entirely in T-bills carries a different risk: missing the recovery. A middle path exists, and it wears the ticker BUFR.
#investors #nervous
6 days ago
A top Bloomberg ***** yst has a bold idea for Warren Buffett. Eric Balchunas says the investor should give his Berkshire Hathaway shares to Trump Accounts, the new government investment accounts for American children.
Balchunas shared the idea on Tuesday. Buffett, 95, plans to give away his remaining Berkshire stake, worth about $140 billion, by the end of 2034.
Trump Accounts launched on July 4. They were created under the One Big Beautiful Bill Act, a new tax law. Every eligible child born between 2025 and 2028 gets a $1,000 deposit from the Treasury.
Families can add up to $5,000 per year. The money sits in an S&P 500 index fund called SPYM by default. The Treasury picked Robinhood and BNY to run the app and the accounts.
Balchunas, the senior ETF ***** yst at Bloomberg Intelligence, thinks the accounts are a natural match for Buffett. Almost all of Buffett's wealth is Berkshire stock. He has also promised to give more than 99% of it away.
#buffett #balchunas #give
Balchunas shared the idea on Tuesday. Buffett, 95, plans to give away his remaining Berkshire stake, worth about $140 billion, by the end of 2034.
Trump Accounts launched on July 4. They were created under the One Big Beautiful Bill Act, a new tax law. Every eligible child born between 2025 and 2028 gets a $1,000 deposit from the Treasury.
Families can add up to $5,000 per year. The money sits in an S&P 500 index fund called SPYM by default. The Treasury picked Robinhood and BNY to run the app and the accounts.
Balchunas, the senior ETF ***** yst at Bloomberg Intelligence, thinks the accounts are a natural match for Buffett. Almost all of Buffett's wealth is Berkshire stock. He has also promised to give more than 99% of it away.
#buffett #balchunas #give
6 days ago
For years, Tarik Skubal embodied everything Detroit sports fans love.
He was overlooked coming out of college. He battled back from Tommy John surgery. He developed into arguably the best pitcher in baseball while wearing the Old English D. He didn’t complain. He didn’t seek attention. He simply dominated.
Now, that image is beginning to crack.
Whether it’s fair or not, the way Skubal and super agent Scott Boras have handled the past several months has changed how many Detroit Tigers fans view the franchise ace. While their strategy may ultimately earn Skubal hundreds of millions of dollars, it could also cost him something that can’t be bought: the unconditional admiration of Detroit.
No one faults a player for wanting to be paid.
#detroit #didn
He was overlooked coming out of college. He battled back from Tommy John surgery. He developed into arguably the best pitcher in baseball while wearing the Old English D. He didn’t complain. He didn’t seek attention. He simply dominated.
Now, that image is beginning to crack.
Whether it’s fair or not, the way Skubal and super agent Scott Boras have handled the past several months has changed how many Detroit Tigers fans view the franchise ace. While their strategy may ultimately earn Skubal hundreds of millions of dollars, it could also cost him something that can’t be bought: the unconditional admiration of Detroit.
No one faults a player for wanting to be paid.
#detroit #didn
6 days ago
The Open Championship has always served as a golf fashion runway for the second half of the year. While the leaderboard told one story, the fairways of Royal Birkdale offered an early look at the trends that will shape golf style through the rest of the season and well into the fall. Relaxed tailoring continued to gain traction, heritage footwear had another defining moment, and rich seasonal colors started elbowing the summer palette out of the way. From trendy trousers to the latest footwear collab and a brand delivering one of the strongest apparel weeks of the year, here are the biggest fashion stories from the week at the Open Championship.
FootJoy & Harris Tweed Create Another Legend 500 Missing compilation support. Missing compilation support.
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ApacheSling/2.15 (jetty/9.4.57.v20241219, Java HotSpot(TM) 64-Bit Server VM 1.8.0_471, Linux 6.1.166-197.305.amzn2023.x86_64 amd64)
#royal #birkdale #trends
FootJoy & Harris Tweed Create Another Legend 500 Missing compilation support. Missing compilation support.
Cannot serve request to /content/golfdigest-com/en/equipment/_default/article/2026/7/british-open-2026-royal-birkdale-trends-shape-year-golf-style/jcr:content/articleBody.rssc.html on this server
ApacheSling/2.15 (jetty/9.4.57.v20241219, Java HotSpot(TM) 64-Bit Server VM 1.8.0_471, Linux 6.1.166-197.305.amzn2023.x86_64 amd64)
#royal #birkdale #trends
7 days ago
CLOZ charges 0.50% to pick BBB-B CLO tranches, delivering 7% yield and 10% annualized returns versus JAAA's 5% at just 0.20%.
Active management fees earn their keep in BBB-B CLO tranches where manager and vintage selection drive returns, but add little value in AAA paper.
Don't wait: the ******* yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Collateralized loan obligation ETFs have become one of the fastest-growing corners of fixed income by offering floating-rate coupons, historically low default rates, and yields that outpace investment-grade corporates. The trade-off is that CLO tranches are not standardized bonds, and the manager picking them matters. That is why the Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) charges 0.50% while the Janus Henderson AAA CLO ETF (NYSEARCA:JAAA) charges 0.20%, and the question is whether the extra fee buys something you cannot get elsewhere at a lower cost.
The four other funds worth measuring against CLOZ are JAAA, the Janus Henderson B-BBB CLO ETF (NYSEARCA:JBBB), the iShares AAA CLO Active ETF (NYSEARCA:CLOA), and the Eldridge AAA CLO ETF (NYSEARCA:CLOX). Each sits at a different point on the rating ladder and answers the active-versus-passive question differently.
#charges
Active management fees earn their keep in BBB-B CLO tranches where manager and vintage selection drive returns, but add little value in AAA paper.
Don't wait: the ******* yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Collateralized loan obligation ETFs have become one of the fastest-growing corners of fixed income by offering floating-rate coupons, historically low default rates, and yields that outpace investment-grade corporates. The trade-off is that CLO tranches are not standardized bonds, and the manager picking them matters. That is why the Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) charges 0.50% while the Janus Henderson AAA CLO ETF (NYSEARCA:JAAA) charges 0.20%, and the question is whether the extra fee buys something you cannot get elsewhere at a lower cost.
The four other funds worth measuring against CLOZ are JAAA, the Janus Henderson B-BBB CLO ETF (NYSEARCA:JBBB), the iShares AAA CLO Active ETF (NYSEARCA:CLOA), and the Eldridge AAA CLO ETF (NYSEARCA:CLOX). Each sits at a different point on the rating ladder and answers the active-versus-passive question differently.
#charges
9 days ago
Chevron is cutting up to 9,000 jobs this year. That's a fifth of its global workforce, gone, while it digests the $53 billion Hess deal. ExxonMobil trimmed 2,000. BP shed more than 5 percent of its staff, plus 3,000 contractors. ConocoPhillips is cutting 20 to 25 percent. Imperial Oil is cutting a fifth of its people and shutting its Calgary office entirely. And in June, U.S. oil and gas extraction employment fell to 114,500 workers, the second-lowest June the Bureau of Labor Statistics has on record, beaten only by the pandemic bottom of 2021.
Production didn't fall; it's near record highs…but the jobs are disappearing anyway.
And before anyone ******* umes it's renewable energy's fault…it isn't, not directly, at least. ******* ody at Chevron got a pink slip because a wind farm opened next door. Automation, mergers, and a decade of investors who'd rather see returns than growth did this.
Ten Years, 72,800 Fewer Jobs
Back in January 2016, extraction employment topped out at 187,300, right before the price crash gutted the sector…
Production didn't fall; it's near record highs…but the jobs are disappearing anyway.
And before anyone ******* umes it's renewable energy's fault…it isn't, not directly, at least. ******* ody at Chevron got a pink slip because a wind farm opened next door. Automation, mergers, and a decade of investors who'd rather see returns than growth did this.
Ten Years, 72,800 Fewer Jobs
Back in January 2016, extraction employment topped out at 187,300, right before the price crash gutted the sector…
10 days ago
Chevron is cutting up to 9,000 jobs this year. That's a fifth of its global workforce, gone, while it digests the $53 billion Hess deal. ExxonMobil trimmed 2,000. BP shed more than 5 percent of its staff, plus 3,000 contractors. ConocoPhillips is cutting 20 to 25 percent. Imperial Oil is cutting a fifth of its people and shutting its Calgary office entirely. And in June, U.S. oil and gas extraction employment fell to 114,500 workers, the second-lowest June the Bureau of Labor Statistics has on record, beaten only by the pandemic bottom of 2021.
Production didn't fall; it's near record highs…but the jobs are disappearing anyway.
And before anyone ****** umes it's renewable energy's fault…it isn't, not directly, at least. ****** ody at Chevron got a pink slip because a wind farm opened next door. Automation, mergers, and a decade of investors who'd rather see returns than growth did this.
Ten Years, 72,800 Fewer Jobs
Back in January 2016, extraction employment topped out at 187,300, right before the price crash gutted the sector…
Production didn't fall; it's near record highs…but the jobs are disappearing anyway.
And before anyone ****** umes it's renewable energy's fault…it isn't, not directly, at least. ****** ody at Chevron got a pink slip because a wind farm opened next door. Automation, mergers, and a decade of investors who'd rather see returns than growth did this.
Ten Years, 72,800 Fewer Jobs
Back in January 2016, extraction employment topped out at 187,300, right before the price crash gutted the sector…
12 days ago
International Business Machines Corporation (NYSE:IBM) is one of the Best Quantum Computing Stocks to buy and Hold Forever. The company runs a growing fleet of superconducting quantum processors, offers cloud access to them through IBM Quantum, and has a public roadmap targeting fault-tolerant quantum computing by the end of the decade.
Recently, on July 9, International Business Machines Corporation (NYSE:IBM) announced major updates to Bob, which is the company's agentic software development platform. The updates add multi-agent capabilities, built-in cost ******* ytics, and pre-built workflows for modernizing enterprise systems.
Management noted that the updates are a response to shifts in software development challenges. The company's survey shows most DevSecOps professionals now see reviewing and validating AI-written code as the bigger bottleneck, rather than writing it. The platform is designed to support engineering work across the full development lifecycle, not just a single coding interface.
Management added that a new feature called Bobalytics gives organizations visibility into productivity, quality, performance, and AI spend, helping them balance cost against performance more effectively. Moreover, other new capabilities include parallel, model-native tool calling, which lets models request multiple tools in a single turn, and "subagents" that isolate context for complex tasks to control cost and improve response speed.
International Business Machines Corporation (NYSE:IBM) operates as an integrated solutions and services provider across the Asia Pacific, the Americas, the Middle East, Europe, and Africa. The company operates in the Infrastructure, Software, Financing, and Consulting segments.
Recently, on July 9, International Business Machines Corporation (NYSE:IBM) announced major updates to Bob, which is the company's agentic software development platform. The updates add multi-agent capabilities, built-in cost ******* ytics, and pre-built workflows for modernizing enterprise systems.
Management noted that the updates are a response to shifts in software development challenges. The company's survey shows most DevSecOps professionals now see reviewing and validating AI-written code as the bigger bottleneck, rather than writing it. The platform is designed to support engineering work across the full development lifecycle, not just a single coding interface.
Management added that a new feature called Bobalytics gives organizations visibility into productivity, quality, performance, and AI spend, helping them balance cost against performance more effectively. Moreover, other new capabilities include parallel, model-native tool calling, which lets models request multiple tools in a single turn, and "subagents" that isolate context for complex tasks to control cost and improve response speed.
International Business Machines Corporation (NYSE:IBM) operates as an integrated solutions and services provider across the Asia Pacific, the Americas, the Middle East, Europe, and Africa. The company operates in the Infrastructure, Software, Financing, and Consulting segments.
12 days ago
This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter.
The multifamily CMBS delinquency rate increased 28 bps to 7.23% in June, as several large ***** ets fell delinquent, according to data firm Trepp. Six months ago, it sat at 6.64%, and one year ago, it was at 5.91%.
The return of a Manhattan loan drove the multifamily commercial mortgage-backed securities rate down 27 basis points to 8.23% in June, according to Trepp. Six months ago, it sat at 8.08%, and one year ago, it was at 8.18%.
The $539.5 million Yorkshire & Lexington Towers loan returned to the master servicer after a modification cured the defaults on the senior loan and subordinate mezzanine debt, according to a press release from rating organization KBRA.
The overall Trepp commercial real estate delinquency rate decreased 20 bps to 7.35% in June 2026. Retail rose 30 bps to 6.91%, and office increased 4 bps to 11.57%. Lodging fell 79 bps to 5.22%, and industrial declined 11 bps to 1.2%, according to Trepp.
The multifamily CMBS delinquency rate increased 28 bps to 7.23% in June, as several large ***** ets fell delinquent, according to data firm Trepp. Six months ago, it sat at 6.64%, and one year ago, it was at 5.91%.
The return of a Manhattan loan drove the multifamily commercial mortgage-backed securities rate down 27 basis points to 8.23% in June, according to Trepp. Six months ago, it sat at 8.08%, and one year ago, it was at 8.18%.
The $539.5 million Yorkshire & Lexington Towers loan returned to the master servicer after a modification cured the defaults on the senior loan and subordinate mezzanine debt, according to a press release from rating organization KBRA.
The overall Trepp commercial real estate delinquency rate decreased 20 bps to 7.35% in June 2026. Retail rose 30 bps to 6.91%, and office increased 4 bps to 11.57%. Lodging fell 79 bps to 5.22%, and industrial declined 11 bps to 1.2%, according to Trepp.
14 days ago
Alphabet Inc. (NASDAQ:GOOGL) was among Jim Cramer's stock calls on Mad Money, as he advised investors to stick with the largest tech companies in the market. Cramer highlighted the company's position in the AI race, as he commented:
How about Google? Alright, now, they raised a ton of money recently and basically capped the terrific rally in their stock. In the old days, everyone loved Google because it was spewing cash. Now, it seems like it's trying to raise any amount of money that it can just to stay in the AI rat race with the other Magnificent Seven. But wait one minute. Sure, there's a race to get market share in what seems like an increasingly commoditized market with ChatGPT, Claude, Grok, Perplexity, Gemini. It's entirely possible that we only will have one winner in this whole game, and if that's the case, it's going to be Google because of Gemini.
Why? Because it's a default on Apple's installed base of 2.5 billion devices. If I were at Alphabet, all I'd be thinking about is how to make the best product for Apple, how to please them, how to come up with a better Siri. That was enough to wipe out all comers once before with Google search. Now, it could be the same with Gemini. Meanwhile, we no longer spend much time pondering the worth of YouTube and Waymo. Ridiculous. Do you know that YouTube may be the most profitable large-scale business ever invented? And all we care about is Google spending money in another place.
Photo by Kai Wenzel on Unsplash
Alphabet Inc. (NASDAQ:GOOGL) provides technology-related products and services, including search, advertising, cloud computing, AI tools, and digital content platforms such as YouTube and Google Play.
How about Google? Alright, now, they raised a ton of money recently and basically capped the terrific rally in their stock. In the old days, everyone loved Google because it was spewing cash. Now, it seems like it's trying to raise any amount of money that it can just to stay in the AI rat race with the other Magnificent Seven. But wait one minute. Sure, there's a race to get market share in what seems like an increasingly commoditized market with ChatGPT, Claude, Grok, Perplexity, Gemini. It's entirely possible that we only will have one winner in this whole game, and if that's the case, it's going to be Google because of Gemini.
Why? Because it's a default on Apple's installed base of 2.5 billion devices. If I were at Alphabet, all I'd be thinking about is how to make the best product for Apple, how to please them, how to come up with a better Siri. That was enough to wipe out all comers once before with Google search. Now, it could be the same with Gemini. Meanwhile, we no longer spend much time pondering the worth of YouTube and Waymo. Ridiculous. Do you know that YouTube may be the most profitable large-scale business ever invented? And all we care about is Google spending money in another place.
Photo by Kai Wenzel on Unsplash
Alphabet Inc. (NASDAQ:GOOGL) provides technology-related products and services, including search, advertising, cloud computing, AI tools, and digital content platforms such as YouTube and Google Play.
14 days ago
Apple Inc. (NASDAQ:AAPL) was among Jim Cramer's stock calls on Mad Money, as he advised investors to stick with the largest tech companies in the market. Cramer discussed the company's AI strategy, as he said:
You know what held back Apple for ages? Its lack of data centers spending, lack of it… See, all that's comparison stuff; ooh, they're not spending enough. Yeah, it was constantly under fire for not shelling out fortunes on an AI strategy. Even the other guys were under fire because they were constantly shelling out fortunes on an AI strategy.
Alright, this comparisons game gotta stop. No, Apple didn't build its own AI. It's not in that business. The crazy thing, though, is that they have a superior consumer product. Now, Google's Gemini is basically the default AI on your iPhone. Are they given the benefit of the doubt on it? No, because Siri isn't smart enough. I say, don't sell Apple. The company has a product that's unusually, maybe it's just not the best… It's not the best. Typically, everything they make is the best, but history says they will eventually get there.
Apple Inc. (NASDAQ:AAPL) manufactures and sells devices such as the iPhone, Mac, iPad, along with its line-up of wearables and accessories. The devices are supported by the company's app ecosystem, AppleCare, and cloud tools.
While we acknowledge the potential of AAPL 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.
You know what held back Apple for ages? Its lack of data centers spending, lack of it… See, all that's comparison stuff; ooh, they're not spending enough. Yeah, it was constantly under fire for not shelling out fortunes on an AI strategy. Even the other guys were under fire because they were constantly shelling out fortunes on an AI strategy.
Alright, this comparisons game gotta stop. No, Apple didn't build its own AI. It's not in that business. The crazy thing, though, is that they have a superior consumer product. Now, Google's Gemini is basically the default AI on your iPhone. Are they given the benefit of the doubt on it? No, because Siri isn't smart enough. I say, don't sell Apple. The company has a product that's unusually, maybe it's just not the best… It's not the best. Typically, everything they make is the best, but history says they will eventually get there.
Apple Inc. (NASDAQ:AAPL) manufactures and sells devices such as the iPhone, Mac, iPad, along with its line-up of wearables and accessories. The devices are supported by the company's app ecosystem, AppleCare, and cloud tools.
While we acknowledge the potential of AAPL 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.
14 days ago
Jerry Jones got some negative feedback in home territory.
Spain and France were battling in a World Cup 2026 semifinal match on Monday, July 14, a different kind of playoff football that AT&T Stadium – the home of the Dallas Cowboys – hasn't been privy to all that often in recent years.
Jones, the firebrand Dallas Cowboys owner, was in attendance for the matchup, and received a less-than warm welcome by those in attendance.
Interestingly, the broadcast opted not to show Jones on TV, defaulting to the suite of FIFA president Gianni Infantino and Co. instead.
When Fox showed Infantino, the crowd served a hearty helping of boos – but the broadcast made note that those boos were likely intended for Jones.
Spain and France were battling in a World Cup 2026 semifinal match on Monday, July 14, a different kind of playoff football that AT&T Stadium – the home of the Dallas Cowboys – hasn't been privy to all that often in recent years.
Jones, the firebrand Dallas Cowboys owner, was in attendance for the matchup, and received a less-than warm welcome by those in attendance.
Interestingly, the broadcast opted not to show Jones on TV, defaulting to the suite of FIFA president Gianni Infantino and Co. instead.
When Fox showed Infantino, the crowd served a hearty helping of boos – but the broadcast made note that those boos were likely intended for Jones.
14 days ago
AppLovin Corporation (NASDAQ:APP) is one of the Best Monopoly Stocks to Buy According to Hedge Funds. On July 7, Wells Fargo lifted the price objective on the company's stock to $575 from $571, and maintained an "Overweight" rating. The **** yst noted that mobile game checks in Q2 reflect weakness in the return on advertising spend because of cost-per-install inflation.
Furthermore, AppLovin Corporation (NASDAQ:APP)'s category share has peaked at ~45%, added the **** yst. Also, web advertising share of wallet is 5% – 10% and did not change much on a YTD basis. The new advertiser growth is modest. As per the **** yst, the setup heading into Q2 earnings remains tough.
In a different update, Fitch Ratings upgraded AppLovin Corporation (NASDAQ:APP)'s Long-Term Issuer Default Rating to 'BBB+' from 'BBB'. Also, it upgraded the company's revolving credit facility and unsecured notes to 'BBB+' from 'BBB'. The upgrade is backed by AppLovin Corporation (NASDAQ:APP)'s leading and strong market position in mobile gaming and elevated scale of spend on its platforms.
AppLovin Corporation (NASDAQ:APP) is a technology company that provides AI-powered software solutions designed to help businesses, primarily mobile app developers, grow by acquiring users and monetizing their apps.
While we acknowledge the potential of APP 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.
Furthermore, AppLovin Corporation (NASDAQ:APP)'s category share has peaked at ~45%, added the **** yst. Also, web advertising share of wallet is 5% – 10% and did not change much on a YTD basis. The new advertiser growth is modest. As per the **** yst, the setup heading into Q2 earnings remains tough.
In a different update, Fitch Ratings upgraded AppLovin Corporation (NASDAQ:APP)'s Long-Term Issuer Default Rating to 'BBB+' from 'BBB'. Also, it upgraded the company's revolving credit facility and unsecured notes to 'BBB+' from 'BBB'. The upgrade is backed by AppLovin Corporation (NASDAQ:APP)'s leading and strong market position in mobile gaming and elevated scale of spend on its platforms.
AppLovin Corporation (NASDAQ:APP) is a technology company that provides AI-powered software solutions designed to help businesses, primarily mobile app developers, grow by acquiring users and monetizing their apps.
While we acknowledge the potential of APP 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.
16 days ago
The French midfielder Eduardo Camavinga is one of the players with his future at Real Madrid highly uncertain. He has not been able to meet the expectations that the Merengue club had put on him when they signed him as a highly promising youngster from Rennes, and the club believes his growth has stunted in the last few years.
In fact, he was directly at fault as Los Blancos saw their UEFA Champions League hopes end last season. The Frenchman's haggling with the ball for a couple of seconds after a whistle caused the referee to shown him a second yellow card in the quarter-final tie against Bayern Munich, which made it impossible for Real Madrid to compete in a highly demanding game.
As a result, he has been put on the market by the Madrid club, but the new coach Jose Mourinho would make a final decision about him. Meanwhile, the player looks committed to impress the new coach and continue at the Merengue club.
As SPORT has reported, citing the journalist Alvaro Esteban, a clear indication of this was his presence at Valdebebas on Friday, the same day as Mourinho visited the club facilities in the first day of his second stint as the Los Blancos' manager. Thus, the Frenchman returned to train at the club a few days before the team is set to begin its preseason training, i.e., on Monday, 13th July.
The French midfielder also enjoys quite a lot of demand in the market. Big clubs like Paris Saint-Germain, Manchester City, Chelsea, and Liverpool have all been closely watching him lately.
In fact, he was directly at fault as Los Blancos saw their UEFA Champions League hopes end last season. The Frenchman's haggling with the ball for a couple of seconds after a whistle caused the referee to shown him a second yellow card in the quarter-final tie against Bayern Munich, which made it impossible for Real Madrid to compete in a highly demanding game.
As a result, he has been put on the market by the Madrid club, but the new coach Jose Mourinho would make a final decision about him. Meanwhile, the player looks committed to impress the new coach and continue at the Merengue club.
As SPORT has reported, citing the journalist Alvaro Esteban, a clear indication of this was his presence at Valdebebas on Friday, the same day as Mourinho visited the club facilities in the first day of his second stint as the Los Blancos' manager. Thus, the Frenchman returned to train at the club a few days before the team is set to begin its preseason training, i.e., on Monday, 13th July.
The French midfielder also enjoys quite a lot of demand in the market. Big clubs like Paris Saint-Germain, Manchester City, Chelsea, and Liverpool have all been closely watching him lately.
18 days ago
A federal appeals court on Thursday upheld an Illinois ban on semiautomatic weapons, keeping in place a law passed largely in response to a deadly Independence Day parade shooting.
The ruling by the U.S. Court of Appeals for the Seventh Circuit overturns a lower court decision that found the ban unconstitutional. The 2-1 appellate decision found that the Illinois law does not violate the Second Amendment, and its restrictions are "consistent with the principles that underpin our Nation's tradition of firearm regulation."
"Whether to adopt them is thus a decision reposed in our elected representatives, and we reverse," the appeals court said.
The majority opinion also pushes back on claims made by the plaintiffs that semiautomatic weapons are not at fault for mass shootings.
"The undisputed record evidence undercuts that claim, showing that the presence of ******* ault weapons and large-capacity magazines is strongly correlated with the severity of the societal problem," the opinion states.
The ruling by the U.S. Court of Appeals for the Seventh Circuit overturns a lower court decision that found the ban unconstitutional. The 2-1 appellate decision found that the Illinois law does not violate the Second Amendment, and its restrictions are "consistent with the principles that underpin our Nation's tradition of firearm regulation."
"Whether to adopt them is thus a decision reposed in our elected representatives, and we reverse," the appeals court said.
The majority opinion also pushes back on claims made by the plaintiffs that semiautomatic weapons are not at fault for mass shootings.
"The undisputed record evidence undercuts that claim, showing that the presence of ******* ault weapons and large-capacity magazines is strongly correlated with the severity of the societal problem," the opinion states.
18 days ago
Arthur Fery's glorious Wimbledon run came to an abrupt end as he was schooled by second seed Alexander Zverev in his maiden grand slam semi-final, with the world No 3 winning 7-6(0) 6-2 6-4.
World No 114 Fery was only the second wildcard to reach this stage at Wimbledon, after 2001 champion Goran Ivanisevic, and has catapulted himself up the rankings to the top 40 after a superb run at the tournament he grew up 10 minutes away from.
But he could not recreate the Croat's heroics, or produce another improbable escape, this time. Having seen off former Wimbledon semi-finalist Grigor Dimitrov and recent French Open runner-up Flavio Cobolli, the latter in three imperious sets, he ran out of room against Roland-Garros champion Zverev.
After Cobolli Zverev represented another step up in class, with the German high on confidence after finally winning a grand slam and breaking new ground at Wimbledon, having previously never gone beyond the fourth round.
But it was the second seed who was more error-prone in the opening stages, double-faulting for 30-30 and surviving two deuces in his first service game, while he looked tight on his always edgier forehand wing. Fery held to love in response but came unstuck in his next service game, making unusual errors under pressure as Zverev attacked his second serve, with the second seed's enormous wingspan making him difficult to get past.
World No 114 Fery was only the second wildcard to reach this stage at Wimbledon, after 2001 champion Goran Ivanisevic, and has catapulted himself up the rankings to the top 40 after a superb run at the tournament he grew up 10 minutes away from.
But he could not recreate the Croat's heroics, or produce another improbable escape, this time. Having seen off former Wimbledon semi-finalist Grigor Dimitrov and recent French Open runner-up Flavio Cobolli, the latter in three imperious sets, he ran out of room against Roland-Garros champion Zverev.
After Cobolli Zverev represented another step up in class, with the German high on confidence after finally winning a grand slam and breaking new ground at Wimbledon, having previously never gone beyond the fourth round.
But it was the second seed who was more error-prone in the opening stages, double-faulting for 30-30 and surviving two deuces in his first service game, while he looked tight on his always edgier forehand wing. Fery held to love in response but came unstuck in his next service game, making unusual errors under pressure as Zverev attacked his second serve, with the second seed's enormous wingspan making him difficult to get past.
19 days ago
IQM Quantum Computers (Nasdaq:IQMX) has secured a contract with the LUMI AI Factory, led by CSC – IT Center for Science, to deliver a next-generation quantum computer that will be installed at CSC's facility in Finland.
The system, known as LUMI-IQ, is expected to be delivered in 2027 and will feature a 150-qubit quantum processing unit. It will be integrated with the LUMI AI Factory's existing high-performance computing and artificial intelligence infrastructure, with future upgrades planned to increase both processing power and qubit capacity.
According to IQM's prospectus published on July 1, 2026, the value of the contract is approximately equal to the company's total revenue for the financial year ended December 31, 2025.
The project will be jointly funded by the EuroHPC Joint Undertaking together with the governments of Finland, Czechia, Norway and Poland.
LUMI-IQ will be used to advance research into quantum error correction and fault-tolerant quantum computing while providing access to researchers, developers and industrial users across Europe.
The system, known as LUMI-IQ, is expected to be delivered in 2027 and will feature a 150-qubit quantum processing unit. It will be integrated with the LUMI AI Factory's existing high-performance computing and artificial intelligence infrastructure, with future upgrades planned to increase both processing power and qubit capacity.
According to IQM's prospectus published on July 1, 2026, the value of the contract is approximately equal to the company's total revenue for the financial year ended December 31, 2025.
The project will be jointly funded by the EuroHPC Joint Undertaking together with the governments of Finland, Czechia, Norway and Poland.
LUMI-IQ will be used to advance research into quantum error correction and fault-tolerant quantum computing while providing access to researchers, developers and industrial users across Europe.
19 days ago
This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter.
When apartment loans began going bad a few years ago, Houston was one epicenter as Applesway Investment Group defaulted on nearly $230 million in loans for 3,200 units in the city in April 2023.
More than three years later, Houston and, more broadly, Texas rank among the leaders in securitized multifamily loan issues, according to research that Trepp shared with Multifamily Dive.
"Texas is not the highest-stress state for securitized multifamily loans, but it does rank meaningfully elevated nationally," Stephen Buschbom, Trepp's head of applied research and ***** ytics, told Multifamily Dive in emailed comments. "Houston also stands out more clearly at the MSA [metropolitan statistical area] level."
While Texas is tied for fifth among states and Houston is fourth among metro areas, some apartment owners in the Lone Star State and its largest cities face rising costs and unique tax circumstances that are placing additional pressure on their properties. In addition, they're still dealing with supply constraints and higher borrowing costs, which are affecting other landlords across the country.
When apartment loans began going bad a few years ago, Houston was one epicenter as Applesway Investment Group defaulted on nearly $230 million in loans for 3,200 units in the city in April 2023.
More than three years later, Houston and, more broadly, Texas rank among the leaders in securitized multifamily loan issues, according to research that Trepp shared with Multifamily Dive.
"Texas is not the highest-stress state for securitized multifamily loans, but it does rank meaningfully elevated nationally," Stephen Buschbom, Trepp's head of applied research and ***** ytics, told Multifamily Dive in emailed comments. "Houston also stands out more clearly at the MSA [metropolitan statistical area] level."
While Texas is tied for fifth among states and Houston is fourth among metro areas, some apartment owners in the Lone Star State and its largest cities face rising costs and unique tax circumstances that are placing additional pressure on their properties. In addition, they're still dealing with supply constraints and higher borrowing costs, which are affecting other landlords across the country.
20 days ago
D-Wave Quantum Inc. (NYSE:QBTS) is one of the top mid-cap stocks to own for decades, according to hedge funds. On June 30, D-Wave Quantum Inc. (NYSE:QBTS) was selected to receive a $1.57 million grant from the US National Science Foundation.
Copyright: fotomaximum / 123RF Stock Photo
The $1.57 million grant supports the company's participation in ERASE, a project developing technologies for fault-tolerant quantum computing. The program brings together researchers and industry organizations to advance the dual-rail gate model for quantum computing hardware, software, and applications.
Under the terms of the agreement, D-Wave Quantum is to provide access to its dual-rail gate model quantum computing technology. Erase researchers can access D-Wave Quantum's platform through selected development interfaces.
D-Wave Quantum has already confirmed a letter of intent for $100 million in proposed CHIPS and Science Act funding to develop annealing- and gate-model quantum computing systems. The project is poised to extend the company's relationship with Yale University, which is also spearheading the ERASE program.
Copyright: fotomaximum / 123RF Stock Photo
The $1.57 million grant supports the company's participation in ERASE, a project developing technologies for fault-tolerant quantum computing. The program brings together researchers and industry organizations to advance the dual-rail gate model for quantum computing hardware, software, and applications.
Under the terms of the agreement, D-Wave Quantum is to provide access to its dual-rail gate model quantum computing technology. Erase researchers can access D-Wave Quantum's platform through selected development interfaces.
D-Wave Quantum has already confirmed a letter of intent for $100 million in proposed CHIPS and Science Act funding to develop annealing- and gate-model quantum computing systems. The project is poised to extend the company's relationship with Yale University, which is also spearheading the ERASE program.
20 days ago
Cloudflare Inc. (NYSE:NET) shares gained 3% on Tuesday after Scotiabank upgraded the stock to Sector Outperform from Sector Perform, citing growing confidence in the company's long-term position within AI infrastructure.
Analyst Patrick Colville also increased his price target to $300 from $225, pointing to several catalysts that could support stronger revenue growth in the coming quarters.
According to Scotiabank, Cloudflare's Workers platform is emerging as the preferred infrastructure for AI-generated, or "vibe coded", applications, including OpenAI Codex Sites and Lovable.
The broker believes this trend is not yet fully reflected in investor expectations and could become an increasingly important growth driver for the business.
"We upgrade our rating on the common shares of Cloudflare to Sector Outperform and lift our price target to $300," Colville commented. "After spending the past 4+ weeks doing a deeper dive on Cloudflare's opportunity, we feel convinced that the time is now to own NET as: (1) Workers is becoming the default infrastructure for vibe coded applications – including OpenAI Codex Sites and Lovable, a dynamic we think is underappreciated by investors; (2) Traffic trends, which typically precede revenue by 3 quarters are inflecting due to agentic AI and will set Cloudflare up nicely to beat and raise Street numbers by ~5pp in 2H26, (3) Cloudflare is winning the best of the best AI-native customers, which validates their architecture and provides a long runway for growth."
Analyst Patrick Colville also increased his price target to $300 from $225, pointing to several catalysts that could support stronger revenue growth in the coming quarters.
According to Scotiabank, Cloudflare's Workers platform is emerging as the preferred infrastructure for AI-generated, or "vibe coded", applications, including OpenAI Codex Sites and Lovable.
The broker believes this trend is not yet fully reflected in investor expectations and could become an increasingly important growth driver for the business.
"We upgrade our rating on the common shares of Cloudflare to Sector Outperform and lift our price target to $300," Colville commented. "After spending the past 4+ weeks doing a deeper dive on Cloudflare's opportunity, we feel convinced that the time is now to own NET as: (1) Workers is becoming the default infrastructure for vibe coded applications – including OpenAI Codex Sites and Lovable, a dynamic we think is underappreciated by investors; (2) Traffic trends, which typically precede revenue by 3 quarters are inflecting due to agentic AI and will set Cloudflare up nicely to beat and raise Street numbers by ~5pp in 2H26, (3) Cloudflare is winning the best of the best AI-native customers, which validates their architecture and provides a long runway for growth."
20 days ago
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter.
Santa Fe, New Mexico-based Century Bank said Friday that it was "not involved" in the proposed sale of its shares to Oklahoma City-based Bank7, announced the previous day.
Bank7 said Thursday that it would buy a controlling interest – 71% – in Century Bank, for $68 million.
But Bank7 said it's going to purchase the shares in a court-ordered sale, and that it's technically a "stalking horse" bidder.
Century's majority shareholders, Gerald and Kathleen Peters, own roughly 44% of the bank, but they defaulted on $37 million in loans from another bank. Their stake in Century, and a related shareholder's 27% stake, were collateral, according to court documents.
Santa Fe, New Mexico-based Century Bank said Friday that it was "not involved" in the proposed sale of its shares to Oklahoma City-based Bank7, announced the previous day.
Bank7 said Thursday that it would buy a controlling interest – 71% – in Century Bank, for $68 million.
But Bank7 said it's going to purchase the shares in a court-ordered sale, and that it's technically a "stalking horse" bidder.
Century's majority shareholders, Gerald and Kathleen Peters, own roughly 44% of the bank, but they defaulted on $37 million in loans from another bank. Their stake in Century, and a related shareholder's 27% stake, were collateral, according to court documents.
