8 hours ago
Federal Reserve Chairman Kevin Warsh delivered exactly what Wall Street was clamoring for this week: drawing a line in the sand against inflation while offering clarity on how the central bank would respond to rising prices.
Harvard professor and former chief economist of the International Monetary Fund, Ken Rogoff, said Warsh made it clear that if the inflation data didn't improve, he's going to hike interest rates.
"That surprised me because my layman political economic view of the situation was that if the Fed could possibly put that off until after the midterms, it would be good for the Fed as an institution," Rogoff said in an interview.
"By hiking, they demonstrate independence. On the other hand, democracy is under ***** ault, and if he hikes rates, you just don't know what the consequences are going to be."
Rogoff predicts that if the Fed raises rates at its September policy meeting, the central bank will face fierce backlash from President Trump. Following Warsh's speech, market odds for a September rate hike surged to 60%, up from 35% the previous day.
#going
Harvard professor and former chief economist of the International Monetary Fund, Ken Rogoff, said Warsh made it clear that if the inflation data didn't improve, he's going to hike interest rates.
"That surprised me because my layman political economic view of the situation was that if the Fed could possibly put that off until after the midterms, it would be good for the Fed as an institution," Rogoff said in an interview.
"By hiking, they demonstrate independence. On the other hand, democracy is under ***** ault, and if he hikes rates, you just don't know what the consequences are going to be."
Rogoff predicts that if the Fed raises rates at its September policy meeting, the central bank will face fierce backlash from President Trump. Following Warsh's speech, market odds for a September rate hike surged to 60%, up from 35% the previous day.
#going
1 day ago
NEW YORK, Aug 28 (Reuters) - The Federal Reserve will "have work to do" if policymakers are not confident that underlying inflation is returning to its 2% target, Chair Kevin Warsh said on Friday in remarks that marked the closest he has come to acknowledging interest rate hikes may be needed to ease price pressures.
Short-term Treasuries sold off in anticipation of rate increases as soon as next month, with the 2-year Treasury yield rising 11 basis points to 4.34%, its highest in a month. The 10-year Treasury yield was up 5 basis points at 4.72% and the 30-year Treasury yield was up 1.6 basis points at 5.206%.
U.S. stocks were mixed early in the afternoon on Friday, with the Nasdaq off 0.3%, while the U.S. dollar index rose 0.6% to 99.66, again reflecting expectations that rates will rise. The rates market was showing a 60% chance of a rate increase next month, up from 35% before the speech, according to CME data.
COMMENTS:
NATHAN SHETTY, CHIEF INVESTMENT OFFICER, SEI INVESTMENTS, OAKS, PENNSYLVANIA:
#yield #points #Friday #rates
Short-term Treasuries sold off in anticipation of rate increases as soon as next month, with the 2-year Treasury yield rising 11 basis points to 4.34%, its highest in a month. The 10-year Treasury yield was up 5 basis points at 4.72% and the 30-year Treasury yield was up 1.6 basis points at 5.206%.
U.S. stocks were mixed early in the afternoon on Friday, with the Nasdaq off 0.3%, while the U.S. dollar index rose 0.6% to 99.66, again reflecting expectations that rates will rise. The rates market was showing a 60% chance of a rate increase next month, up from 35% before the speech, according to CME data.
COMMENTS:
NATHAN SHETTY, CHIEF INVESTMENT OFFICER, SEI INVESTMENTS, OAKS, PENNSYLVANIA:
#yield #points #Friday #rates
1 day ago
By Chuck Mikolajczak
NEW YORK, Aug 28 (Reuters) - The U.S. dollar rose on Friday, extending gains to a session high after U.S. Federal Reserve Chair Kevin Warsh hinted that interest rate hikes may be needed should policymakers doubt that inflation is headed back toward the central bank's 2% target.
In his debut speech at the Jackson Hole symposium of central bankers, Warsh said the Fed will "have work to do" should inflation not appear to be cooling, in remarks that acknowledged financial conditions do not appear restrictive and marked the closest he has come to recognizing that interest rate hikes may be needed to ease price pressures.
Expectations for a rate hike of at least 25 basis points at the Fed's September meeting jumped to about 50% following Warsh's comments, up from about 35% before the speech.
"At least for the time being, we're getting more of the same Warsh-speak that we saw prior to any of the Fed decisions that he had been a part of. Meaning he's saying a lot, but none of this seems really substantive," said Eugene Epstein, head of trading and structured products at Moneycorp in Stamford, Connecticut.
#warsh #hikes #needed #least
NEW YORK, Aug 28 (Reuters) - The U.S. dollar rose on Friday, extending gains to a session high after U.S. Federal Reserve Chair Kevin Warsh hinted that interest rate hikes may be needed should policymakers doubt that inflation is headed back toward the central bank's 2% target.
In his debut speech at the Jackson Hole symposium of central bankers, Warsh said the Fed will "have work to do" should inflation not appear to be cooling, in remarks that acknowledged financial conditions do not appear restrictive and marked the closest he has come to recognizing that interest rate hikes may be needed to ease price pressures.
Expectations for a rate hike of at least 25 basis points at the Fed's September meeting jumped to about 50% following Warsh's comments, up from about 35% before the speech.
"At least for the time being, we're getting more of the same Warsh-speak that we saw prior to any of the Fed decisions that he had been a part of. Meaning he's saying a lot, but none of this seems really substantive," said Eugene Epstein, head of trading and structured products at Moneycorp in Stamford, Connecticut.
#warsh #hikes #needed #least
2 days ago
Some of NVIDIA Corporation (NASDAQ:NVDA)'s largest customers have been told that prices of servers containing its AI chips will rise by more than 15%, according to a Bloomberg News report from August 22. The increases will go into effect on systems shipped early next year and will include those with the flagship Vera Rubin and Grace Blackwell chips, the report said.
While Nvidia hasn't yet confirmed the news, the hikes tied to soaring memory costs will depend on the chip generation and memory configurations. The report added that server manufacturers supplying Microsoft, Oracle, and Google have already begun notifying customers. The news lands just days ahead of the chipmaker's earnings release on August 26.
NVIDIA Corporation (NASDAQ:NVDA)'s core manufacturing costs aren't driving these price hikes. Rather, it's a broader industry-wide memory shortage. Due to the AI infrastructure boom, memory manufacturers such as Samsung Electronics and SK Hynix have gained outsized pricing power, allowing them to pass down these costs downstream and forcing hardware providers such as Nvidia to hike server prices.
Nvidia has already raised prices on GEForce graphics cards earlier in the month. As per a Bloomberg report, this pressure has now reached the top of the Nvidia stack, with the 15% rise on systems selling for millions of dollars each adding hundreds of thousands of dollars per rack across deployments.
The bullish interpretation for Nvidia's price hikes is pretty straightforward. The chipmaker may have enough ability to pass on its costs to customers while accelerator supply remains tight, demonstrating a sign of pricing power. If Nvidia's margins stay steady even after it enforces the hikes, and hyperscalers continue ordering at planned volumes, the costs are likely being absorbed by customers rather than Nvidia itself.
#hikes #nvda
While Nvidia hasn't yet confirmed the news, the hikes tied to soaring memory costs will depend on the chip generation and memory configurations. The report added that server manufacturers supplying Microsoft, Oracle, and Google have already begun notifying customers. The news lands just days ahead of the chipmaker's earnings release on August 26.
NVIDIA Corporation (NASDAQ:NVDA)'s core manufacturing costs aren't driving these price hikes. Rather, it's a broader industry-wide memory shortage. Due to the AI infrastructure boom, memory manufacturers such as Samsung Electronics and SK Hynix have gained outsized pricing power, allowing them to pass down these costs downstream and forcing hardware providers such as Nvidia to hike server prices.
Nvidia has already raised prices on GEForce graphics cards earlier in the month. As per a Bloomberg report, this pressure has now reached the top of the Nvidia stack, with the 15% rise on systems selling for millions of dollars each adding hundreds of thousands of dollars per rack across deployments.
The bullish interpretation for Nvidia's price hikes is pretty straightforward. The chipmaker may have enough ability to pass on its costs to customers while accelerator supply remains tight, demonstrating a sign of pricing power. If Nvidia's margins stay steady even after it enforces the hikes, and hyperscalers continue ordering at planned volumes, the costs are likely being absorbed by customers rather than Nvidia itself.
#hikes #nvda
2 days ago
If you're looking for a well-proven dividend stock, consumer goods name Procter & Gamble (NYSE: PG) is about as good as they come, with 70 consecutive years of annual dividend hikes to its credit. Indeed, only one other company has a longer track record of uninterrupted yearly dividend increases. That streak isn't apt to end anytime soon, if ever.
But reliable dividend growth is only half the story. How much are income investors actually making with their positions in P&G?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Procter & Gamble's forward-looking dividend yield currently stands at 3%, based on a quarterly payment of $1.0885 per share. A $25,000 position in the stock -- about 172 shares -- would produce just over $187 in dividend income per quarter, or just under $750 per year. That's not earth-shattering, but it's not bad either.
But those numbers arguably understate the total long-term potential that Procter & Gamble offers to patient investors. This company also boasts one of the better rates of dividend growth among blue chip dividend payers. Over the past 10 completed fiscal years, Procter's annual dividend payout has grown from $2.66 to $4.26 per share, and is currently running at an annualized pace of $4.35 per share. That's annualized growth of right around 4.8%, easily outpacing inflation as well as most other Dividend Kings' payment increase rates.
#Dividend #signal #Growth #flashing
But reliable dividend growth is only half the story. How much are income investors actually making with their positions in P&G?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Procter & Gamble's forward-looking dividend yield currently stands at 3%, based on a quarterly payment of $1.0885 per share. A $25,000 position in the stock -- about 172 shares -- would produce just over $187 in dividend income per quarter, or just under $750 per year. That's not earth-shattering, but it's not bad either.
But those numbers arguably understate the total long-term potential that Procter & Gamble offers to patient investors. This company also boasts one of the better rates of dividend growth among blue chip dividend payers. Over the past 10 completed fiscal years, Procter's annual dividend payout has grown from $2.66 to $4.26 per share, and is currently running at an annualized pace of $4.35 per share. That's annualized growth of right around 4.8%, easily outpacing inflation as well as most other Dividend Kings' payment increase rates.
#Dividend #signal #Growth #flashing
5 days ago
(Bloomberg) -- Crypto's true believers suddenly have a spring in their step again.
Most Read from Bloomberg
US Oil Refiners Face Import Squeeze From Biggest Foreign Seller
Nvidia Customers Notified About AI-Related Price Hikes Above 15%
Leavitt Says She'll Return to MAGA Inc. After White House
#biggest #customers
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US Oil Refiners Face Import Squeeze From Biggest Foreign Seller
Nvidia Customers Notified About AI-Related Price Hikes Above 15%
Leavitt Says She'll Return to MAGA Inc. After White House
#biggest #customers
5 days ago
(Bloomberg) -- Michael Burry criticized Alibaba Group Holding Ltd. shares as overvalued and disclosed that he recently exited his position in the Chinese tech giant in order to build a "large" position in rival online retailer JD.com Inc.
Most Read from Bloomberg
US Oil Refiners Face Import Squeeze From Biggest Foreign Seller
Nvidia Customers Notified About AI-Related Price Hikes Above 15%
Leavitt Says She'll Return to MAGA Inc. After White House
#position #burry
Most Read from Bloomberg
US Oil Refiners Face Import Squeeze From Biggest Foreign Seller
Nvidia Customers Notified About AI-Related Price Hikes Above 15%
Leavitt Says She'll Return to MAGA Inc. After White House
#position #burry
5 days ago
(Bloomberg) -- Treasury Secretary Scott Bessent came to office blasting his predecessor for trying to re-engineer the world's largest bond market. This week he took a stab at it himself.
Most Read from Bloomberg
US Oil Refiners Face Import Squeeze From Biggest Foreign Seller
Nvidia Customers Notified About AI-Related Price Hikes Above 15%
Leavitt Says She'll Return to MAGA Inc. After White House
#refiners #import
Most Read from Bloomberg
US Oil Refiners Face Import Squeeze From Biggest Foreign Seller
Nvidia Customers Notified About AI-Related Price Hikes Above 15%
Leavitt Says She'll Return to MAGA Inc. After White House
#refiners #import
6 days ago
At the beginning of the year, the market was pricing in multiple rate cuts from the Federal Reserve. Thanks in large part to the Iran war and the subsequent higher inflation that came with it, the market is now pricing in the likelihood of rate hikes before the end of the year.
At its July meeting, three of the Fed's voting members wanted to raise rates by a quarter-point. Inflation looks like it will remain well above the target for the foreseeable future, and the decision may come down soon saying that rates aren't restrictive enough.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
A lot of people's portfolios are still positioned for rate cuts, and that could be a problem. If conditions are about to get tighter over the next 6 to 12 months, it might be time to prepare for it.
Instead of trying to predict if or when the Fed's next move will come, I'd rather own investments that can still work if rates move higher. Here are three exchange-traded funds (ETFs) I'd consider.
#signal #rates #flashing #pricing
At its July meeting, three of the Fed's voting members wanted to raise rates by a quarter-point. Inflation looks like it will remain well above the target for the foreseeable future, and the decision may come down soon saying that rates aren't restrictive enough.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
A lot of people's portfolios are still positioned for rate cuts, and that could be a problem. If conditions are about to get tighter over the next 6 to 12 months, it might be time to prepare for it.
Instead of trying to predict if or when the Fed's next move will come, I'd rather own investments that can still work if rates move higher. Here are three exchange-traded funds (ETFs) I'd consider.
#signal #rates #flashing #pricing
8 days ago
NEA delivers a 7.14% federally tax-free yield, which is double MUB's 3.52%, and posted a 12% price return over the past year.
NEA slashed its distribution nearly in half during 2022-2023 rate hikes and now trades at a NAV premium, eliminating the traditional CEF discount cushion.
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 bought the iShares National Muni Bond ETF (NYSEARCA:MUB) did so for a good reason: it is the cheapest, most liquid way to own a diversified basket of federally tax-free municipal bonds. With a 0.05% expense ratio and $45.4 billion in **** ets, MUB has become the default core holding for taxable brokerage accounts. The problem is the payout. MUB's 30-day SEC yield of 3.52% as of August 13, 2026 looks thin against a 10-year Treasury at 4.63%, and even thinner for anyone trying to live on the income. A specific municipal fund pays more than double that rate, with the same AMT-free federal exemption, and Wall Street is only now re-rating it.
Roughly 5,900 investment-grade munis make up the portfolio at MUB, held with no leverage and no active security selection. That structure keeps the fee at a rounding error, though it also caps income near the underlying bond coupons. A retiree in the 32% federal bracket with $100,000 in MUB collects about $3,520 a year in tax-free interest. The taxable-equivalent yield is roughly 5.18%, which is respectable but leaves real purchasing power close to flat once inflation is deducted. For an investor whose entire reason for holding munis is tax-free monthly income, MUB is doing the job at half speed.
#federally
NEA slashed its distribution nearly in half during 2022-2023 rate hikes and now trades at a NAV premium, eliminating the traditional CEF discount cushion.
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 bought the iShares National Muni Bond ETF (NYSEARCA:MUB) did so for a good reason: it is the cheapest, most liquid way to own a diversified basket of federally tax-free municipal bonds. With a 0.05% expense ratio and $45.4 billion in **** ets, MUB has become the default core holding for taxable brokerage accounts. The problem is the payout. MUB's 30-day SEC yield of 3.52% as of August 13, 2026 looks thin against a 10-year Treasury at 4.63%, and even thinner for anyone trying to live on the income. A specific municipal fund pays more than double that rate, with the same AMT-free federal exemption, and Wall Street is only now re-rating it.
Roughly 5,900 investment-grade munis make up the portfolio at MUB, held with no leverage and no active security selection. That structure keeps the fee at a rounding error, though it also caps income near the underlying bond coupons. A retiree in the 32% federal bracket with $100,000 in MUB collects about $3,520 a year in tax-free interest. The taxable-equivalent yield is roughly 5.18%, which is respectable but leaves real purchasing power close to flat once inflation is deducted. For an investor whose entire reason for holding munis is tax-free monthly income, MUB is doing the job at half speed.
#federally
9 days ago
Freight broker insurance is in a frenzy, and premium hikes are getting ugly. Thom Albrecht helps break down how the CH Robinson verdict, underwriting pullback and cargo theft are driving double-digit to triple-digit cost increases for brokers.He also explains what's changing in excess liability, why some underwriters are exiting the market, and what carriers and brokers should watch into peak season. If you move freight, this is a real cost story—not noise.
Freight broker insurance has entered a full-blown pricing crisis, with excess liability coverage costs rising 50% to triple digits and even primary coverage climbing sharply in the double digits — all since a pair of legal shocks hit the market this spring. The turmoil is forcing brokers to rethink coverage limits, vendor technology relationships, and renewal strategies ahead of what ***** ysts expect will be a prolonged inflationary environment.
The disruption unfolded in three phases, according to Thom Albrecht, who discussed the market dynamics during this SONAR Market Update. The first was "total chaos" following the Montgomery Supreme Court decision on May 14, which exposed brokers to motor-carrier-style liability. A brief calm in June ended abruptly on July 23, when the C.H. Robinson verdict — a $135 million judgment — rattled underwriters again. "We've seen two underwriters exit the market, basically backing the paper over in London," Albrecht said. "So there's gonna be fewer options, a very inflationary environment, and there's gonna be more questions that are asked of freight brokers than ever before as they go through their renewals."
On primary coverage — the first $5 million of freight broker auto liability, or FBAL — Albrecht said increases are running in the "middle" double digits, well above 10% but short of 90%. For excess or surplus coverage above $5 million, the picture is far worse. Smaller brokers with gross revenues of $30 million to $40 million that were paying roughly $10,000 a year for coverage could now face bills of $30,000 to $40,000. Larger brokers seeking excess capacity above $5 million are confronting 50% to 60% increases at the low end and triple-digit hikes at the top.
"The word to use is it's a total frenzy right now," Albrecht said, describing the post-verdict insurance environment for freight brokers.
#coverage #market #liability #insurance
Freight broker insurance has entered a full-blown pricing crisis, with excess liability coverage costs rising 50% to triple digits and even primary coverage climbing sharply in the double digits — all since a pair of legal shocks hit the market this spring. The turmoil is forcing brokers to rethink coverage limits, vendor technology relationships, and renewal strategies ahead of what ***** ysts expect will be a prolonged inflationary environment.
The disruption unfolded in three phases, according to Thom Albrecht, who discussed the market dynamics during this SONAR Market Update. The first was "total chaos" following the Montgomery Supreme Court decision on May 14, which exposed brokers to motor-carrier-style liability. A brief calm in June ended abruptly on July 23, when the C.H. Robinson verdict — a $135 million judgment — rattled underwriters again. "We've seen two underwriters exit the market, basically backing the paper over in London," Albrecht said. "So there's gonna be fewer options, a very inflationary environment, and there's gonna be more questions that are asked of freight brokers than ever before as they go through their renewals."
On primary coverage — the first $5 million of freight broker auto liability, or FBAL — Albrecht said increases are running in the "middle" double digits, well above 10% but short of 90%. For excess or surplus coverage above $5 million, the picture is far worse. Smaller brokers with gross revenues of $30 million to $40 million that were paying roughly $10,000 a year for coverage could now face bills of $30,000 to $40,000. Larger brokers seeking excess capacity above $5 million are confronting 50% to 60% increases at the low end and triple-digit hikes at the top.
"The word to use is it's a total frenzy right now," Albrecht said, describing the post-verdict insurance environment for freight brokers.
#coverage #market #liability #insurance
9 days ago
Altcoins, which are cryptocurrencies other than Bitcoin (CRYPTO: BTC), are usually considered speculative and volatile investments. But they're also high-risk, high-reward tokens that could have much greater upside potential than Bitcoin.
Two of the market's most closely watched altcoins are XRP (CRYPTO: XRP) and Ether (CRYPTO: ETH). Both altcoins have struggled over the past year as fears of interest rate hikes and other macro headwinds drove investors toward more conservative investments, but will one recover faster than the other when the crypto market warms up again?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
XRP is the native token of the XRP Ledger, a blockchain that was designed to provide fast, low-cost cross-border payments. It was created by the founders of Ripple, a fintech company that specializes in blockchain-based money transfers. It's still primarily used as a bridge currency for fiat transactions on Ripple's platform, but it's being adopted by other financial institutions (especially in **** an) to accelerate cross-border transactions with lower fees. The bulls believe XRP's value will rise as its ledger replaces those legacy financial rails.
Ether is the native token of Ethereum, the world's largest proof-of-stake (PoS) blockchain. As a PoS blockchain, it supports staking (locking up tokens to earn yield) and smart contracts (for developing decentralized apps and other tokenized **** ets). Every time a user makes a transaction on Ethereum, they must pay a "gas fee" in Ether. Therefore, Ether's value is driven by Ethereum's ability to draw more developers and decentralized app users to its ecosystem.
#Crypto #altcoins #flashing #ledger
Two of the market's most closely watched altcoins are XRP (CRYPTO: XRP) and Ether (CRYPTO: ETH). Both altcoins have struggled over the past year as fears of interest rate hikes and other macro headwinds drove investors toward more conservative investments, but will one recover faster than the other when the crypto market warms up again?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
XRP is the native token of the XRP Ledger, a blockchain that was designed to provide fast, low-cost cross-border payments. It was created by the founders of Ripple, a fintech company that specializes in blockchain-based money transfers. It's still primarily used as a bridge currency for fiat transactions on Ripple's platform, but it's being adopted by other financial institutions (especially in **** an) to accelerate cross-border transactions with lower fees. The bulls believe XRP's value will rise as its ledger replaces those legacy financial rails.
Ether is the native token of Ethereum, the world's largest proof-of-stake (PoS) blockchain. As a PoS blockchain, it supports staking (locking up tokens to earn yield) and smart contracts (for developing decentralized apps and other tokenized **** ets). Every time a user makes a transaction on Ethereum, they must pay a "gas fee" in Ether. Therefore, Ether's value is driven by Ethereum's ability to draw more developers and decentralized app users to its ecosystem.
#Crypto #altcoins #flashing #ledger
9 days ago
US Open ticket prices remain steep, with the main draw nearly a week away.
The average get-in ticket price to enter the Billie Jean King National Tennis Center for the 2026 US Open main draw is $288 on the secondary market, about 13% more than at the same point last year ($255), according to TicketData.
The average get-in price for the women's singles final (Saturday, Sept. 12) and men's singles final (Sunday, Sept. 13) at Arthur Ashe Stadium is $510—also up 13% from last year.
One-day grounds pass tickets started for around $65–$135 at face value, depending on the date and time. Resale prices are much higher, but vary widely, with weeknight tickets the most affordable; the cheapest ticket for any main draw event is $157, for the night session at Arthur Ashe on Wednesday, Sept. 2.
The pricey tickets have persisted since the first batch of face-value tickets were released through the American Express presale in May. Many were scooped up by bots, contributing to the price hikes.
#arthur
The average get-in ticket price to enter the Billie Jean King National Tennis Center for the 2026 US Open main draw is $288 on the secondary market, about 13% more than at the same point last year ($255), according to TicketData.
The average get-in price for the women's singles final (Saturday, Sept. 12) and men's singles final (Sunday, Sept. 13) at Arthur Ashe Stadium is $510—also up 13% from last year.
One-day grounds pass tickets started for around $65–$135 at face value, depending on the date and time. Resale prices are much higher, but vary widely, with weeknight tickets the most affordable; the cheapest ticket for any main draw event is $157, for the night session at Arthur Ashe on Wednesday, Sept. 2.
The pricey tickets have persisted since the first batch of face-value tickets were released through the American Express presale in May. Many were scooped up by bots, contributing to the price hikes.
#arthur
9 days ago
MUMBAI, Aug 19 (Reuters) - India's rate panel left the door open to future rate hikes earlier this month, watching for evidence that supply-sparked inflation may be seeping into the broader economy which could merit higher borrowing costs, minutes of the committee's meeting released on Wednesday showed.
A sharp rise in oil prices brought on by the Iran war has stoked inflation worries, prompting markets to wager on rate hikes, while also exerting pressure on the Indian rupee.
The panel had voted unanimously to keep the policy repo rate (INREPO=ECI) unchanged at 5.25% on August 5, while retaining its monetary policy stance at "neutral".
India's headline consumer inflation remained well within the central bank's 2-6% tolerance band at 4.45% in July. The Reserve Bank of India has a 4% medium term target.
While there are limited signs of inflation becoming generalized so far, headline inflation does appear to be normalizing "from its benign levels seen hitherto," RBI Chief Sanjay Malhotra said in the minutes.
#inflation
A sharp rise in oil prices brought on by the Iran war has stoked inflation worries, prompting markets to wager on rate hikes, while also exerting pressure on the Indian rupee.
The panel had voted unanimously to keep the policy repo rate (INREPO=ECI) unchanged at 5.25% on August 5, while retaining its monetary policy stance at "neutral".
India's headline consumer inflation remained well within the central bank's 2-6% tolerance band at 4.45% in July. The Reserve Bank of India has a 4% medium term target.
While there are limited signs of inflation becoming generalized so far, headline inflation does appear to be normalizing "from its benign levels seen hitherto," RBI Chief Sanjay Malhotra said in the minutes.
#inflation
10 days ago
Most of the world's top cryptocurrencies, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), have struggled over the past year as inflation, fears of interest rate hikes, and other macro challenges drove investors toward more conservative investments. Bitcoin, which set a record high of over $126,000 last October, now trades at around $64,000. Ethereum, which reached an all-time high of nearly $5,000 last August, has dropped below $1,900.
That "crypto winter" will likely persist until those headwinds dissipate. However, there's one sector of the crypto market that continues to grow as conventional tokens fizzle out. According to CoinShares, deposits of real-world ******* ets (RWAs) on blockchains more than tripled year over year to $7.4 billion in the second quarter of 2026. Let's see why that niche market is expanding, and how investors can profit from its future growth.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Tokenized RWAs are physical or traditional financial ******* ets -- including stocks, bonds, commodities, real estate, and even fine art -- that are digitized into tokens on a blockchain. That tokenization makes those ******* ets easier to transfer and cuts out the middlemen.
Tokenized stocks and bonds can be traded 24/7 at faster speeds and lower fees than traditional brokerages and banks. Tokenized commodities, such as gold and silver, can be traded easily, with instant liquidity and no physical storage issues. Tokenized real estate and art can be sold much faster, with ownership easily split into fractional shares among multiple buyers. Stablecoins, which are pegged to stable fiat currencies like the U.S. dollar or the euro, can be traded faster and more cheaply while earning higher yields than their conventional counterparts.
#tokenized #year
That "crypto winter" will likely persist until those headwinds dissipate. However, there's one sector of the crypto market that continues to grow as conventional tokens fizzle out. According to CoinShares, deposits of real-world ******* ets (RWAs) on blockchains more than tripled year over year to $7.4 billion in the second quarter of 2026. Let's see why that niche market is expanding, and how investors can profit from its future growth.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Tokenized RWAs are physical or traditional financial ******* ets -- including stocks, bonds, commodities, real estate, and even fine art -- that are digitized into tokens on a blockchain. That tokenization makes those ******* ets easier to transfer and cuts out the middlemen.
Tokenized stocks and bonds can be traded 24/7 at faster speeds and lower fees than traditional brokerages and banks. Tokenized commodities, such as gold and silver, can be traded easily, with instant liquidity and no physical storage issues. Tokenized real estate and art can be sold much faster, with ownership easily split into fractional shares among multiple buyers. Stablecoins, which are pegged to stable fiat currencies like the U.S. dollar or the euro, can be traded faster and more cheaply while earning higher yields than their conventional counterparts.
#tokenized #year
12 days ago
By Ankur Banerjee and Harry Robertson
SINGAPORE/LONDON, Aug 18 (Reuters) - The U.S. dollar rose slightly on Tuesday but remained near multi-month lows against its peers as traders reduced their bets on rate hikes, although the threat of an escalation in the Middle East war left sentiment fragile.
The euro eased away from two-month highs of $1.161 touched on Monday and was last little changed at $1.157.
Sterling was at $1.352, dipping 0.1% on weak UK labour market data, just shy of the three-month peak it hit in the previous session.
Data in the past few weeks have pointed to a softer U.S. economy, including unexpected job losses last month and mild inflation readings, leading investors to scale back expectations of a rate hike by the U.S. Federal Reserve.
#rate #robertson
SINGAPORE/LONDON, Aug 18 (Reuters) - The U.S. dollar rose slightly on Tuesday but remained near multi-month lows against its peers as traders reduced their bets on rate hikes, although the threat of an escalation in the Middle East war left sentiment fragile.
The euro eased away from two-month highs of $1.161 touched on Monday and was last little changed at $1.157.
Sterling was at $1.352, dipping 0.1% on weak UK labour market data, just shy of the three-month peak it hit in the previous session.
Data in the past few weeks have pointed to a softer U.S. economy, including unexpected job losses last month and mild inflation readings, leading investors to scale back expectations of a rate hike by the U.S. Federal Reserve.
#rate #robertson
12 days ago
On August 7, Sylvamo (NYSE:SLVM) reported its second-quarter 2026 financial results. Sequential adjusted EBITDA jumped to $60 million, more than double the prior quarter's total, but margin stayed thin at 7%. Free cash flow stayed negative at $23 million, though that marked a real improvement from the quarter before. CEO John Sims called 2026 a transition year, shaped by the end of a supply agreement and an extended mill outage. The real question is whether the back half delivers the turnaround management is promising.
Price and mix gains added $32 million to EBITDA in the quarter, as Sylvamo pushed through uncoated freesheet price increases across every region it serves. Europe got a fresh increase in mid-June, with realization continuing through the third quarter, while Latin America should benefit from seasonally stronger second-half demand plus ongoing price hikes to export customers there and in the Middle East and Africa. North America's backdrop has shifted too: International Paper's Riverdale mill conversion pulled 7% of annual uncoated freesheet industry capacity offline, giving Sylvamo more room to raise prices at home.
Altogether, management expects $75 million to $85 million of price and mix benefit in the second half versus the first. The Eastover mill investments add another lever: a paper machine speed-up will add 60,000 tons of annual capacity once it wraps during the fourth-quarter outage, and a new sheeter has already cleared acceptance testing and arrived in the U.S. Those projects, plus a warehouse sale-leaseback deal, are projected to generate $55 million a year in benefits, with $30 million to $40 million landing as soon as 2027.
While sequential operating metrics moved higher, earnings remained constrained. Adjusted operating earnings came in at $0.03 per share, weighed down by $24 million in planned maintenance outage costs as scheduled downtime ran across all regions. Sylvamo expects roughly $5 million more of unfavorable maintenance impact in the second half while it takes extended downtime at Eastover to finish the paper machine work. Input and transportation costs were also a $2 million drag, with fiber costs climbing in Latin America and freight costs rising in North America, partly offset by the non-repeat of a one-time $10 million charge tied to International Paper's Riverdale mill.
Management also flagged the Middle East conflict as an ongoing drag on energy, chemicals and transportation costs in every region. Imports into North America ticked up in the quarter too, a response to a new 10% tariff threshold on global shipments, which could complicate the pricing gains tied to reduced domestic supply. Second-half volume will also be trimmed by lost Riverdale-related tons and the extended Eastover outage in the fourth quarter.
#million #sylvamo #costs
Price and mix gains added $32 million to EBITDA in the quarter, as Sylvamo pushed through uncoated freesheet price increases across every region it serves. Europe got a fresh increase in mid-June, with realization continuing through the third quarter, while Latin America should benefit from seasonally stronger second-half demand plus ongoing price hikes to export customers there and in the Middle East and Africa. North America's backdrop has shifted too: International Paper's Riverdale mill conversion pulled 7% of annual uncoated freesheet industry capacity offline, giving Sylvamo more room to raise prices at home.
Altogether, management expects $75 million to $85 million of price and mix benefit in the second half versus the first. The Eastover mill investments add another lever: a paper machine speed-up will add 60,000 tons of annual capacity once it wraps during the fourth-quarter outage, and a new sheeter has already cleared acceptance testing and arrived in the U.S. Those projects, plus a warehouse sale-leaseback deal, are projected to generate $55 million a year in benefits, with $30 million to $40 million landing as soon as 2027.
While sequential operating metrics moved higher, earnings remained constrained. Adjusted operating earnings came in at $0.03 per share, weighed down by $24 million in planned maintenance outage costs as scheduled downtime ran across all regions. Sylvamo expects roughly $5 million more of unfavorable maintenance impact in the second half while it takes extended downtime at Eastover to finish the paper machine work. Input and transportation costs were also a $2 million drag, with fiber costs climbing in Latin America and freight costs rising in North America, partly offset by the non-repeat of a one-time $10 million charge tied to International Paper's Riverdale mill.
Management also flagged the Middle East conflict as an ongoing drag on energy, chemicals and transportation costs in every region. Imports into North America ticked up in the quarter too, a response to a new 10% tariff threshold on global shipments, which could complicate the pricing gains tied to reduced domestic supply. Second-half volume will also be trimmed by lost Riverdale-related tons and the extended Eastover outage in the fourth quarter.
#million #sylvamo #costs
12 days ago
By Niket Nishant and Gregor Stuart Hunter
Aug 18 (Reuters) - A selloff in U.S. government bonds picked up pace on Tuesday, sending the 30-year Treasury yield to a near two-decade high as fears of an escalation in the Middle East war fuelled inflation worries and pressured stocks.
Oil prices also climbed for the third consecutive day, with Brent crude hitting its highest since late last month after the latest signals from Washington and Tehran crushed hopes of an imminent end to the conflict.
The market's reaction shows that tensions in the Middle East remain a potent source of risk, with a renewed escalation capable of reverberating across oil, bonds, currencies and equities.
It has also shattered the calm after a recent run of soft data in the U.S. eased jitters about rate hikes by the Federal Reserve.
#east #gregor #reuters
Aug 18 (Reuters) - A selloff in U.S. government bonds picked up pace on Tuesday, sending the 30-year Treasury yield to a near two-decade high as fears of an escalation in the Middle East war fuelled inflation worries and pressured stocks.
Oil prices also climbed for the third consecutive day, with Brent crude hitting its highest since late last month after the latest signals from Washington and Tehran crushed hopes of an imminent end to the conflict.
The market's reaction shows that tensions in the Middle East remain a potent source of risk, with a renewed escalation capable of reverberating across oil, bonds, currencies and equities.
It has also shattered the calm after a recent run of soft data in the U.S. eased jitters about rate hikes by the Federal Reserve.
#east #gregor #reuters
12 days ago
By Polina Devitt
LONDON, Aug 17 (Reuters) - Gold's 9% rebound in August to around $4,400 an ounce suggests bullion is starting to regain favour with institutional investors and central banks, leaving the market better placed to extend gains as it moves beyond the initial shock of the U.S.-Israeli war with Iran.
The outbreak of the war in late February drove gold from a record high of $5,595 per ounce in January to below $4,000 in June as investors sought liquidity and some central banks tapped reserves to support domestic economies amid an oil price rally.
"It feels as though the handbrake has finally been released from gold," said Ross Norman, an independent ****** yst.
Gold prices have broken above two key resistance levels this month, helped by lower oil prices and softer U.S. inflation data that reduced expectations for future rate hikes.
#Gold #central #polina
LONDON, Aug 17 (Reuters) - Gold's 9% rebound in August to around $4,400 an ounce suggests bullion is starting to regain favour with institutional investors and central banks, leaving the market better placed to extend gains as it moves beyond the initial shock of the U.S.-Israeli war with Iran.
The outbreak of the war in late February drove gold from a record high of $5,595 per ounce in January to below $4,000 in June as investors sought liquidity and some central banks tapped reserves to support domestic economies amid an oil price rally.
"It feels as though the handbrake has finally been released from gold," said Ross Norman, an independent ****** yst.
Gold prices have broken above two key resistance levels this month, helped by lower oil prices and softer U.S. inflation data that reduced expectations for future rate hikes.
#Gold #central #polina
14 days ago
When Federal Reserve officials gather in Jackson Hole in two weeks, they will confront a decisive moment for the US economy. While stubborn inflation plagued the first half of the year, last month's cooling prices raise a critical question: Can the central bank afford to hold interest rates steady in September, or are these early signs of inflation relief just a head fake?
All eyes will be on Chairman Kevin Warsh's speech — his first as Fed chair — to see whether he addresses the economic outlook, inflation, and monetary policy. Fed chairs have historically used the Jackson Hole forum to set the table for upcoming September policy actions or announce major structural shifts.
The speech arrives at a time of deep market anxiety. Confusion and concern have been swirling on Wall Street and in bond markets about whether the central bank possesses a credible strategy to bring down inflation. After the Fed's July 29 meeting, calls for the central bank to act reached a fever pitch as bond yields soared and markets aggressively priced in more than two interest rate hikes.
"This is a fairly tense moment, it seems to me, that's developing in September," Dennis Lockhart, former president of the Atlanta Federal Reserve, said in an interview. "You've got the economic situation, which is fraught with uncertainty and ambiguity; you've got the market reaction to the July press conference, a fractured committee, and lots of questions about Warsh and his early performance."
At his press conference, Warsh repeatedly deflected questions about why the Fed wasn't raising rates, pointing to the bond yields that had shot materially higher since the previous meeting. He suggested it was a good thing and implied that the Fed welcomes the higher yields as a way to raise borrowing costs and tighten policy through markets. That led to confusion in markets and caused some loss of confidence in whether there's a credible strategy to bring down inflation.
#whether
All eyes will be on Chairman Kevin Warsh's speech — his first as Fed chair — to see whether he addresses the economic outlook, inflation, and monetary policy. Fed chairs have historically used the Jackson Hole forum to set the table for upcoming September policy actions or announce major structural shifts.
The speech arrives at a time of deep market anxiety. Confusion and concern have been swirling on Wall Street and in bond markets about whether the central bank possesses a credible strategy to bring down inflation. After the Fed's July 29 meeting, calls for the central bank to act reached a fever pitch as bond yields soared and markets aggressively priced in more than two interest rate hikes.
"This is a fairly tense moment, it seems to me, that's developing in September," Dennis Lockhart, former president of the Atlanta Federal Reserve, said in an interview. "You've got the economic situation, which is fraught with uncertainty and ambiguity; you've got the market reaction to the July press conference, a fractured committee, and lots of questions about Warsh and his early performance."
At his press conference, Warsh repeatedly deflected questions about why the Fed wasn't raising rates, pointing to the bond yields that had shot materially higher since the previous meeting. He suggested it was a good thing and implied that the Fed welcomes the higher yields as a way to raise borrowing costs and tighten policy through markets. That led to confusion in markets and caused some loss of confidence in whether there's a credible strategy to bring down inflation.
#whether
15 days ago
As of August 14, the U.S. dollar is facing pressure due to changing expectations for the Fed after release of slower inflation data provided further evidence of a case for increased easing. The July report for the Producer Price Index (PPI) indicated that inflation for wholesale goods was unchanged compared to the month prior, and core PPI also increased by 0.2% after the latest CPI report indicated a slower-than-expected rise. The data released further eased the concerns for inflation rising again and suggested that the Fed was likely to begin cutting rates in September.
For the Fed, the labor market is still the most important factor. The recent data for July hiring indicated slower hiring, and more of a need to strike a balance between inflation concerns and an economy likely to be slowing. However, Fed officials reassure the market that the inflation data is still well above the Fed's target for inflation being set at 2%.
The euro is benefitting from the slower expectations of Fed rate movements, but is also dealing with domestic challenges. The European Central Bank is still maintaining a cautious stance by keeping policy the same as they ******* s the impact of the disruptions to Middle East energy supply and inflation as well as consumer demand. Recent reports of the activity of the euro zone have shown signs of stabilizing, but still have the potential to grow at a lower level due to slow demand and geopolitical challenges.
Sterling faces considerable pressure as the UK's second-quarter GDP showed a 0.4% quarterly rise, following stronger early quarter growth. The data published reflects the economy's resilience, especially as price rises for energy have been high and global uncertainties remain. Still, the Bank of England must continue to balance inflation and the threats caused by the increasing growth of nominal wages and energy price rises.
For currency markets, the most important factor continues to be the difference in interest rates and the expected changes. Easing US inflation has lowered expectations of further rate hikes by the FOMC, and the euro and pound are now being evaluated on whether their respective domestic economies can continue to grow without re-igniting inflation.
#data #further #indicated #euro
For the Fed, the labor market is still the most important factor. The recent data for July hiring indicated slower hiring, and more of a need to strike a balance between inflation concerns and an economy likely to be slowing. However, Fed officials reassure the market that the inflation data is still well above the Fed's target for inflation being set at 2%.
The euro is benefitting from the slower expectations of Fed rate movements, but is also dealing with domestic challenges. The European Central Bank is still maintaining a cautious stance by keeping policy the same as they ******* s the impact of the disruptions to Middle East energy supply and inflation as well as consumer demand. Recent reports of the activity of the euro zone have shown signs of stabilizing, but still have the potential to grow at a lower level due to slow demand and geopolitical challenges.
Sterling faces considerable pressure as the UK's second-quarter GDP showed a 0.4% quarterly rise, following stronger early quarter growth. The data published reflects the economy's resilience, especially as price rises for energy have been high and global uncertainties remain. Still, the Bank of England must continue to balance inflation and the threats caused by the increasing growth of nominal wages and energy price rises.
For currency markets, the most important factor continues to be the difference in interest rates and the expected changes. Easing US inflation has lowered expectations of further rate hikes by the FOMC, and the euro and pound are now being evaluated on whether their respective domestic economies can continue to grow without re-igniting inflation.
#data #further #indicated #euro
19 days ago
When the Federal Reserve cuts interest rates, many people ****** ume that bond prices rise in response. In reality, it's more nuanced.
Short-term Treasuries are more closely correlated with the federal funds rate and often do rise. Long-term Treasuries measured by the performance of the iShares 20+ Year Treasury Bond ETF (NASDAQ: TLT) may or may not.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
That's because they're more heavily influenced by economic conditions, not policy rates. Long-term yields reflect inflation expectations, risk premiums, government debt levels, and the direction of the U.S. economy. In other words, many moving parts are involved in pricing long bonds.
With markets anticipating rate hikes later this year, it can be helpful to look at what the Fed has done over the past few years and how the bond market has responded. Understanding this could help investors stay on the right side of whatever happens next.
#flashing
Short-term Treasuries are more closely correlated with the federal funds rate and often do rise. Long-term Treasuries measured by the performance of the iShares 20+ Year Treasury Bond ETF (NASDAQ: TLT) may or may not.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
That's because they're more heavily influenced by economic conditions, not policy rates. Long-term yields reflect inflation expectations, risk premiums, government debt levels, and the direction of the U.S. economy. In other words, many moving parts are involved in pricing long bonds.
With markets anticipating rate hikes later this year, it can be helpful to look at what the Fed has done over the past few years and how the bond market has responded. Understanding this could help investors stay on the right side of whatever happens next.
#flashing
20 days ago
Employers aren't abandoning performance-based pay raises after all.
Following backlash over workplaces doling out across-the-board salary increases, also known as "peanut **** er" raises, rather than providing raises based on individual performance, more employers plan to step back from that practice next year.
The new data from compensation research firm Payscale shows employers are likely to favor more differentiated, merit-based pay. Just 32% of organizations are planning a peanut **** er pay increase approach in 2027, down from 36% that actually gave one in 2026. "That's a significant drop-off," Ruth Thomas, pay equity strategist at Payscale, told Yahoo Finance.
Even better: Average pay **** ps are expected to tick up. Employers plan a 3.5% average increase in 2027, up from 3.4% in 2026. That's on par with inflation but far below 2023, when workers scored pay hikes averaging 4.8%.
"We're starting to see some optimism — 30% of US organizations expect higher salary increases in 2027 from 2026," Thomas said.
#salary
Following backlash over workplaces doling out across-the-board salary increases, also known as "peanut **** er" raises, rather than providing raises based on individual performance, more employers plan to step back from that practice next year.
The new data from compensation research firm Payscale shows employers are likely to favor more differentiated, merit-based pay. Just 32% of organizations are planning a peanut **** er pay increase approach in 2027, down from 36% that actually gave one in 2026. "That's a significant drop-off," Ruth Thomas, pay equity strategist at Payscale, told Yahoo Finance.
Even better: Average pay **** ps are expected to tick up. Employers plan a 3.5% average increase in 2027, up from 3.4% in 2026. That's on par with inflation but far below 2023, when workers scored pay hikes averaging 4.8%.
"We're starting to see some optimism — 30% of US organizations expect higher salary increases in 2027 from 2026," Thomas said.
#salary
21 days ago
Employers aren't abandoning performance-based pay raises after all.
Following backlash over workplaces doling out across-the-board salary increases, also known as "peanut ****** er" raises, rather than providing raises based on individual performance, more employers plan to step back from that practice next year.
The new data from compensation research firm Payscale shows employers are likely to favor more differentiated, merit-based pay. Just 32% of organizations are planning a peanut ****** er pay increase approach in 2027, down from 36% that actually gave one in 2026. "That's a significant drop-off," Ruth Thomas, pay equity strategist at Payscale, told Yahoo Finance.
Even better: Average pay ****** ps are expected to tick up. Employers plan a 3.5% average increase in 2027, up from 3.4% in 2026. That's on par with inflation but far below 2023, when workers scored pay hikes averaging 4.8%.
"We're starting to see some optimism — 30% of US organizations expect higher salary increases in 2027 from 2026," Thomas said.
#salary
Following backlash over workplaces doling out across-the-board salary increases, also known as "peanut ****** er" raises, rather than providing raises based on individual performance, more employers plan to step back from that practice next year.
The new data from compensation research firm Payscale shows employers are likely to favor more differentiated, merit-based pay. Just 32% of organizations are planning a peanut ****** er pay increase approach in 2027, down from 36% that actually gave one in 2026. "That's a significant drop-off," Ruth Thomas, pay equity strategist at Payscale, told Yahoo Finance.
Even better: Average pay ****** ps are expected to tick up. Employers plan a 3.5% average increase in 2027, up from 3.4% in 2026. That's on par with inflation but far below 2023, when workers scored pay hikes averaging 4.8%.
"We're starting to see some optimism — 30% of US organizations expect higher salary increases in 2027 from 2026," Thomas said.
#salary
23 days ago
SoFi Technologies (NASDAQ:SOFI) just posted the best quarter in its history, and the stock fell anyway. Membership hit a record, loan originations hit a record, and tangible book value grew faster than almost anyone expected. Yet shares dropped roughly 9% the day the numbers came out, part of a stretch that has left the stock down nearly 42% this year. The gap between what the business is doing and what the market is doing has rarely been this wide.
The growth engine behind that record quarter keeps compounding. SoFi added 1.1 million new members in FQ2 2026, a record, pushing its base to 15.8 million people, up 35% year over year. What matters more is how it is selling to them: 51% of new products went to existing members, up from 43% the prior quarter and 35% a year earlier, and the average member now uses 1.54 products, up from 1.46 twelve months ago. That is a company getting cheaper to grow, since selling another product to someone already banking with you costs far less than acquiring a stranger.
The balance sheet backs up that growth. Tangible book value jumped 80% year over year to $9.5 billion, or $7.34 per share, while deposits reached $45.5 billion and the total capital ratio sat at 18.8%, comfortably above the 10.5% regulatory minimum. Loan originations hit a record $14.8 billion, up 69%, and the personal loan charge-off rate actually fell 21 basis points even as that book expanded, a sign SoFi is not chasing volume by loosening standards. SoFi's brokerage arm was also among the firms chosen for the record-breaking ***** e Exploration Technologies IPO, and brokerage revenue climbed 141% for the quarter. William Blair's Andrew Jeffrey called the results reason to "aggressively accumulate" the stock, arguing the larger balance sheet efficiently supports management's 20% to 30% long-term return-on-equity target.
Pixabay/Public Domain
None of that explains why the profit outlook didn't move. Management raised full-year adjusted net revenue guidance to $4.75 billion to $4.85 billion, up from $4.66 billion, but left adjusted EBITDA guidance at $1.6 billion and adjusted earnings per share at $0.60. More revenue with no more profit attached is exactly the kind of detail the market prices quickly. CEO Anthony Noto pointed to a shift in the bank's own rate expectations, from two cuts to two hikes this year, as the reason for the caution, alongside a choice to reinvest rather than bank the upside.
#year #record #book #revenue
The growth engine behind that record quarter keeps compounding. SoFi added 1.1 million new members in FQ2 2026, a record, pushing its base to 15.8 million people, up 35% year over year. What matters more is how it is selling to them: 51% of new products went to existing members, up from 43% the prior quarter and 35% a year earlier, and the average member now uses 1.54 products, up from 1.46 twelve months ago. That is a company getting cheaper to grow, since selling another product to someone already banking with you costs far less than acquiring a stranger.
The balance sheet backs up that growth. Tangible book value jumped 80% year over year to $9.5 billion, or $7.34 per share, while deposits reached $45.5 billion and the total capital ratio sat at 18.8%, comfortably above the 10.5% regulatory minimum. Loan originations hit a record $14.8 billion, up 69%, and the personal loan charge-off rate actually fell 21 basis points even as that book expanded, a sign SoFi is not chasing volume by loosening standards. SoFi's brokerage arm was also among the firms chosen for the record-breaking ***** e Exploration Technologies IPO, and brokerage revenue climbed 141% for the quarter. William Blair's Andrew Jeffrey called the results reason to "aggressively accumulate" the stock, arguing the larger balance sheet efficiently supports management's 20% to 30% long-term return-on-equity target.
Pixabay/Public Domain
None of that explains why the profit outlook didn't move. Management raised full-year adjusted net revenue guidance to $4.75 billion to $4.85 billion, up from $4.66 billion, but left adjusted EBITDA guidance at $1.6 billion and adjusted earnings per share at $0.60. More revenue with no more profit attached is exactly the kind of detail the market prices quickly. CEO Anthony Noto pointed to a shift in the bank's own rate expectations, from two cuts to two hikes this year, as the reason for the caution, alongside a choice to reinvest rather than bank the upside.
#year #record #book #revenue
24 days ago
By Jaspreet Singh
Aug 4 (Reuters) - Spotify said higher marketing and development costs would hurt its profit in the current quarter as the Swedish music-streaming giant bets heavily on features powered by AI to attract users.
The company also projected third-quarter monthly active users below Wall Street estimates on Tuesday, blaming the weakness on product changes in emerging markets such as India and Indonesia that may help Spotify in raising prices.
"So examples would be sign-up changes, deprecation of old lower-end Android devices, carefully introducing some friction in the ad load with respect to increasing ad load and some limitations on our free tier as well," Co-CEO Alex Norström told Reuters.
Price hikes have become central in recent years to Spotify's push to prove it can convert its huge user base into meaningful profit. The company has in recent months also leaned on AI to fend off startups built around the technology, such as Suno.
#reuters #users #company
Aug 4 (Reuters) - Spotify said higher marketing and development costs would hurt its profit in the current quarter as the Swedish music-streaming giant bets heavily on features powered by AI to attract users.
The company also projected third-quarter monthly active users below Wall Street estimates on Tuesday, blaming the weakness on product changes in emerging markets such as India and Indonesia that may help Spotify in raising prices.
"So examples would be sign-up changes, deprecation of old lower-end Android devices, carefully introducing some friction in the ad load with respect to increasing ad load and some limitations on our free tier as well," Co-CEO Alex Norström told Reuters.
Price hikes have become central in recent years to Spotify's push to prove it can convert its huge user base into meaningful profit. The company has in recent months also leaned on AI to fend off startups built around the technology, such as Suno.
#reuters #users #company
24 days ago
Our **** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Achieved non-GAAP operating profitability for the first time in nearly three years, driven by a 20% year-over-year revenue increase and six consecutive quarters of gross margin expansion.
Attributed U.S. residential market softness to a slower tax equity funding environment and uncertainty regarding FEOC definitions, which has constrained installer cash flows and distributor inventory levels.
Expanded U.S. C&I market share to over 50% of rooftop installations, benefiting from being the only major inverter vendor delivering U.S.-manufactured products that meet domestic content and FCC requirements.
Doubled European revenue year-over-year as demand surged ahead of anticipated electricity price hikes and the phase-out of net metering in major markets.
#NVIDIA
Achieved non-GAAP operating profitability for the first time in nearly three years, driven by a 20% year-over-year revenue increase and six consecutive quarters of gross margin expansion.
Attributed U.S. residential market softness to a slower tax equity funding environment and uncertainty regarding FEOC definitions, which has constrained installer cash flows and distributor inventory levels.
Expanded U.S. C&I market share to over 50% of rooftop installations, benefiting from being the only major inverter vendor delivering U.S.-manufactured products that meet domestic content and FCC requirements.
Doubled European revenue year-over-year as demand surged ahead of anticipated electricity price hikes and the phase-out of net metering in major markets.
#NVIDIA
25 days ago
After making several moves this year to win back customers, Home Depot is making headlines again over a lawsuit that alleges it violated customers' rights.
In 2025, the home-improvement giant had a ******* py year, marked by several consumer boycotts over its decision to cut its diversity, equity, and inclusion policies; its alleged cooperation with ICE's immigration crackdown; and price hikes to address tariff pressures.
In 2026, it turned a new leaf by making several moves to lure shoppers back to its stores and offerings. Home Depot made a major expansion of its "Pro" ecosystem with high-tech tools such as an AI-powered Material List Builder and a first-of-its-kind real-time GPS delivery tracker for bulky materials. It also improved the physical store experience with Wahlburger's food trailers and expanded its rewards program.
Now, the home improvement retailer is facing legal challenges after being accused of using its customers' personal data without their consent.
A new class action lawsuit accuses Home Depot of selling customers' personally identifiable information (PII) to third parties without providing notice or obtaining their consent.
#year
In 2025, the home-improvement giant had a ******* py year, marked by several consumer boycotts over its decision to cut its diversity, equity, and inclusion policies; its alleged cooperation with ICE's immigration crackdown; and price hikes to address tariff pressures.
In 2026, it turned a new leaf by making several moves to lure shoppers back to its stores and offerings. Home Depot made a major expansion of its "Pro" ecosystem with high-tech tools such as an AI-powered Material List Builder and a first-of-its-kind real-time GPS delivery tracker for bulky materials. It also improved the physical store experience with Wahlburger's food trailers and expanded its rewards program.
Now, the home improvement retailer is facing legal challenges after being accused of using its customers' personal data without their consent.
A new class action lawsuit accuses Home Depot of selling customers' personally identifiable information (PII) to third parties without providing notice or obtaining their consent.
#year
25 days ago
Kids grow up, but for Joanna Gaines, family is forever.
The interior designer and reality TV personality, who shares five children with husband and "Fixer Upper" costar Chip Gaines, posted a new video on social media Sunday, Aug. 2, featuring all of the couple's kids. The Gaines clan was enjoying a family getaway in the Colorado mountains, where Joanna and Chip previously renovated their own family home on the series "Fixer Upper: Colorado Mountain Home."
"A few days in the mountains with the whole fam makes this mama's heart so happy," Gaines, 48, captioned the post. "Fishing, chopping down dead trees, making forts for the [squirrels], crunchy French toast, rodeo, bikes and family hikes❤️"
Gaines' five children with longtime husband Chip include sons Drake, 21, Duke, 18, and Crew, 8, as well as daughters Ella, 19, and Emmie, 16.
Joanna and Chip Gaines: HGTV stars spark backlash after casting gay couple
#gaines #chip
The interior designer and reality TV personality, who shares five children with husband and "Fixer Upper" costar Chip Gaines, posted a new video on social media Sunday, Aug. 2, featuring all of the couple's kids. The Gaines clan was enjoying a family getaway in the Colorado mountains, where Joanna and Chip previously renovated their own family home on the series "Fixer Upper: Colorado Mountain Home."
"A few days in the mountains with the whole fam makes this mama's heart so happy," Gaines, 48, captioned the post. "Fishing, chopping down dead trees, making forts for the [squirrels], crunchy French toast, rodeo, bikes and family hikes❤️"
Gaines' five children with longtime husband Chip include sons Drake, 21, Duke, 18, and Crew, 8, as well as daughters Ella, 19, and Emmie, 16.
Joanna and Chip Gaines: HGTV stars spark backlash after casting gay couple
#gaines #chip
29 days ago
Earning the **** le of Dividend King puts you in elite company, as not every company has the financial stability to have increased its dividend payouts for 50 or more consecutive years. Some companies in that class are household names, like Coca-Cola and Walmart.
Enbridge (NYSE: ENB) isn't a household name, nor is it a Dividend King. But with 31 years of consecutive dividend hikes, it's on the path to becoming one, making it a name for investors seeking income to familiarize themselves with.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Energy companies are sometimes overlooked as income investments, as stocks in the sector can be known for volatile price swings tied to commodity prices. That said, that's still a broad categorization of energy stocks.
Enbridge's all-of-the-above approach offsets some of the risk of being singularly focused on one energy solution through its broader portfolio. It also locks in long-term contracts, which helps it avoid commodity price swings.
#energy #years #king
Enbridge (NYSE: ENB) isn't a household name, nor is it a Dividend King. But with 31 years of consecutive dividend hikes, it's on the path to becoming one, making it a name for investors seeking income to familiarize themselves with.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Energy companies are sometimes overlooked as income investments, as stocks in the sector can be known for volatile price swings tied to commodity prices. That said, that's still a broad categorization of energy stocks.
Enbridge's all-of-the-above approach offsets some of the risk of being singularly focused on one energy solution through its broader portfolio. It also locks in long-term contracts, which helps it avoid commodity price swings.
#energy #years #king
