Fiserv's Debit Network Talks Raise a Bigger Question for Visa and Mastercard
Fiserv (NASDAQ:FISV) reported second-quarter results that were in line with its guidance, while lowering its full-year revenue and margin outlook as Argentina-related pressures, delayed client implementations, hardware sales trends and additional technology spending weigh on its second-half expectations.
Chief Executive Officer Takis Georgakopoulos, who recently ****** umed the role, said the company generated more than $1 billion in free cash flow during the quarter and continued to see growth in its Clover payments platform. Clover gross payment volume rose 9%, while Clover revenue increased 13% after adjusting for anticipation and non-recurring revenue, according to the company.
→ ****** eX's First Earnings Report Could Decide Whether Shorts or Bulls Have Control
3 Tech ETFs That Could Bounce Back After the AI Selloff

#revenue #quarter #debit #bigger

The Baltimore Ravens return to the practice field for their seventh session of training camp as Jesse Minter and his coaching staff continue evaluating an unsettled depth chart. Attention will remain on the competition at center, the development of Baltimore's rookie class and the implementation of Declan Doyle's offense around Lamar Jackson. Follow along for live updates, injury news, standout plays, depth-chart developments and observations from throughout Wednesday's practice.
Follow along throughout the morning for live observations, injury updates, standout plays, photos, videos, and comments from coaches and players as Baltimore continues to prepare for the 2026 season.
This article originally appeared on Ravens Wire: Ravens training camp report: Live updates from Practice No. 7

#practice #depth

Cape Verde is a footballing nation that's on the rise. Fresh from making history at their first men's World Cup, the Cape Verde's women's side broke new ground on Wednesday as they made their WAFCON debut.
Whilst a 2-0 defeat against Ghana wasn't the fairytale start they were hoping for, it was another sizeable milestone in the story of Cape Verdean football. The journey to Morocco 2026 hasn't happened by chance, however. It's the product of a long process that is starting to yield tangible results for the Blue Sharks. The man responsible for overseeing this plan, and much more, is Rui Costa, the national technical director of the Cape Verde Football Federation.
Costa might well be the hardest-working person in show business. "My role covers coach education, talent development, youth football, women's football, and the implementation of long-term technical projects in close collaboration with FIFA, CAF, and other international partners," he tells me. His all-encompassing role also includes "ensuring that our player development pathway is aligned with a clear football philosophy and a sustainable vision for the future."
By his own admission, the role is more than a point of professional pride. It's the culmination of a dream. Costa's journey reflects that of many of the national team players. Leaving the country to pursue increased opportunities before returning home to put those experiences into practice.
"I spent many years in England, where I built my entire coaching career. England gave me the opportunity to become the coach and person I am today. Every morning, I genuinely say, 'Thank you, England.' The experiences, the people, and the football culture shaped me professionally and personally. I learned an incredible amount from English football, and I will always be grateful to the English Football ******* ociation, the clubs I worked with, and everyone who contributed to my journey."

#Football #cape

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.
Organic sales growth accelerated to 8% in Q2, driven by a combination of underlying market strength and significant customer inventory pre-buying in the Materials Group.
Management attributes the strong performance to a step change in sales and earnings growth, even when excluding the temporary tailwind from customer stocking.
Materials Group growth of 10% was fueled by high-single-digit volume/mix and the initial implementation of pricing actions to mitigate rising raw material inflation.
High-value categories returned to mid-single-digit growth, led by specialty labels and the Embelex platform, which benefited from robust World Cup demand.

#sales #customer #single

A federal judge in Colorado granted a class-wide preliminary injunction on Friday requiring the NCAA to restore eligibility to all Division I athletes from the high school class of 2022 who finished up their four years this past spring.
The decision by Judge Charlotte Sweeney of the U.S. District Court of Colorado was reported by Boise State ***** ociate professor Sam Ehrlich. The injunction grants a class certification and a temporary restraining order to plaintiffs who qualify as stated:
"All persons in the United States who began to play in collegiate sports in the 2022-2023 season, competed in NCAA Division I sports, and completed four years of eligibility as defined by the NCAA's prior rules by the conclusion of the 2025-2026 season, and are therefore barred from playing a fifth season due to the NCAA's adoption and immediate implementation of the Five-Year Eligibility Rule."
Judge Sweeney's ruling is in response to a class-action lawsuit filed by 11 Division I athletes, including Minnesota men's college basketball player Cade Tyson, that challenged the NCAA approving an age-based, five-year eligibility model that allowed four seasons of eligibility over five years with no age restrictions. The model would eliminate redshirts and waivers.
In a statement released after Judge Sweeney's ruling was reported, NCAA president Charlie Baker disagreed with the ruling, saying Congress passing the Protect College Sports Act was necessary and suddenly restoring eligibility to an entire class would result in "chaos."

#eligibility #ncaa #five #season

Athletes who graduated high school in the Class of 2022 have been granted a preliminary injunction to play a fifth collegiate season, U.S. District Judge Charlotte Sweeney of Colorado said Friday evening in a ruling that clears Cole Hutson's return to the Texas football team.
Starting next season, the NCAA will fully implement an age-based eligibility model that grants collegiate athletes five years regardless of playing time, a requirement commonly known as the "five-for-five" rule. The model, which effectively removes the redshirt concept, calls for an athlete's eligibility clock to start upon initial full-time enrollment in college or at the beginning of the academic year following their 19th birthday, whichever occurs earlier. The age-based eligibility implementation will begin this summer. Recruits starting in 2027 are age-based only.
However, class of 2022 athletes such as Hutson have challenged the rule in court, saying it should be extended to their class and the athletes that were only allowed to play four full seasons before running out of eligibility.
Earlier in July, Hutson was granted a temporary restraining order against the NCAA, allowing him to rejoin the Longhorns as he worked through his ongoing age-based eligibility lawsuit. He has been working out alongside his former teammates with the team but has not yet returned to the Texas roster while waiting for his scheduled court hearing Aug. 10 concerning Hutson's lawsuit filed earlier in July in Travis County.
That hearing is now, theoretically, unnecessary because of the ruling from Sweeney in her Colorado court.

#based

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.
Management characterizes 2026 as a transition year centered on the nationwide rollout of the Tekion DMS, which has now surpassed the 70% implementation milestone.
Performance drivers in mature Tekion markets (5+ months post-conversion) show double-digit productivity gains; specifically, in the month of June, these stores grew average units per salesperson by 12% and increased dollars per technician by 10%.
New vehicle PVRs of $2.9 thousand on a same-store basis indicate flattening sequential declines, suggesting the market is nearing normalized levels.
The company is pivoting its used vehicle strategy from a strict focus on gross profit preservation to driving higher volume while maintaining healthy PVRs, supported by a 37-day supply.

#tekion

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.
Performance outperformance was driven by disciplined execution in Oilfield Services & Equipment (OFSE) and a record-breaking quarter for Industrial & Energy Technology (IET) orders.
The company is pivoting toward a higher-value industrialized energy solutions model, leveraging the convergence of energy and industrial demand across data centers, ******* e, and mining.
IET orders doubled year-over-year to $7.1 billion, fueled by a step-change in electricity demand from AI infrastructure and hyperscaler investment.
Management attributes margin expansion to favorable backlog pricing and the implementation of the Baker Hughes business system, which offset inflationary pressures.

#energy #oilfield

The biopharma sector is in the middle of a transformation in which macroeconomic pressures and policy developments actively dictate corporate dealmaking. As leading pharmaceutical companies prepare for a $300 billion patent cliff in the second half of the decade, capital allocation has switched sharply toward restocking commercial pipelines with low-risk, high-conviction clinical ******* ets. At the same time, implementation of the Inflation Reduction Act has changed the relative attractiveness of drug options. Since small-molecule drugs are subject to government price negotiations earlier in their lifecycle compared to large-molecule biologics, commercial buyers are shifting premium valuations to large-molecule immunology platforms.
Against this macro context, argenx SE (NASDAQ:ARGX) entered a definitive all-cash agreement on July 27 to acquire clinical-stage biotech Forte Biosciences, Inc. (NASDAQ:FBRX) for $77 per share, valuing the company at over $2.2 billion. At first glance, the $77 offer represents a 40% premium to Forte's closing price prior to the announcement. However, the underlying deal economics demonstrate argenx's readiness to pay a premium for clinical validation: when compared to Forte's volume-weighted average pricing following its successful Phase 1b vitiligo readout on July 9, the purchase price represents an 86% premium.
The target ******* et, Forte's FB102, is a first-in-class anti-CD122 antibody that has shown clinical efficacy in vitiligo and celiac disease. In a 24-week experiment, FB102 showed a significant 29.6% mean improvement on the Facial Vitiligo Area Scoring Index, separating from placebo by day 64.
Argenx's ability to carry out a $2.2 billion cash deal stems from its strong financial condition. The company's Q1 2026 financial report showed global product net sales of $1.3 billion, a 63% increase year-over-year, as well as a quarterly net profit of $366 million and a strong balance sheet with $4.9 billion in cash and financial ******* ets. This commercial momentum is almost exclusively driven by Vyvgart, the company's blockbuster FcRn-blocking medication, which is now seeing its 17th straight quarter of growth.
That said, the explosive top-line trajectory poses a major concentration risk. According to CEO Karen Massey's "Vision 2030" framework, which targets 50,000 patients and ten designated indications worldwide, argenx SE (NASDAQ:ARGX) needs a supplementary second leg in immunology. FB102 offers that diversification by delivering a unique CD122 mechanism into unserved autoimmune indications without jeopardizing its core FcRn business.

#premium #price

The Senate took its first major step in fulfilling one of the late Sen. Lindsey Graham's biggest desires: levying bone-crushing sanctions against Russia.
A bipartisan swell carried the sanctions package through its first hurdle on an 86-12 vote, which has gone through several iterations in the time since it was first formulated by Graham and Sen. Richard Blumenthal, D-Conn. He explained that at its core, the package was designed to stop purchases of Russian oil and gas that was "fueling Putin's war machine."
"Ukraine's fight is our fight," Blumenthal said. "Nobody believed that more deeply and passionately than Lindsey Graham. He lived it, and this vote is a step forward."
Lindsey Graham's Final Mission Nears Finish Line As World Leaders Gather To Honor Him
In this pool photograph distributed by the Russian state agency Sputnik, Russia's President Vladimir Putin chairs a meeting of the Presidential Council for the Implementation of State Policy on the Promotion of the Russian Language and the Languages of the Peoples of Russia via video link at the Kremlin in Moscow on June 2, 2026.

#state

Canadian travel to the U.S. dropped about one-quarter in 2025 compared to the previous year, a new report shows.
The U.S. has been the primary destination for Canadian international travel due to proximity and warmer weather, according to a report released July 22 by Canada's national statistics agency. In all, Canadian residents have returned from the U.S. 25.4% less in 2025 compared to the previous year.
Though Canada has historically been one of the U.S.' closest allies, Trump has imposed tariffs on goods from the northern neighbor and teased making it the 51st state of America. He recently reignited the trade tensions, announcing a 50% retaliatory tariff on a range of goods scheduled to go into effect Aug. 19.
"Following the change in the U.S. administration in early 2025 and the implementation of America First policies, Canadian travel sentiment shifted abruptly," the report states. The authors found the return crossings in early 2026 stayed at levels similar to late 2025, indicating a persistent sentiment shift.
More: Why is Trump putting tariffs on Canada? It isn't due to wildfires yet

#America

A federal appellate panel on Tuesday refused to block President Donald Trump's executive order seeking to restrict mail voting, a day after the administration asked the U.S. Supreme Court to weigh in on the proposal in a separate case.
The three-judge panel of the U.S. Court of Appeals for the District of Columbia upheld a May ruling by U.S. District Court Judge Carl J. Nichols that said an injunction against the order was premature. Nichols ruled that the Democrats and voting rights groups who challenged the order couldn't seek the injunction until the Trump administration issued formal regulations governing it. The administration started releasing those directives days later.
The circuit court panel, with two judges appointed by former Democratic President Barack Obama and one by Trump, found that was proper and there were no noted dissents. But the unsigned decision noted that if the administration truly tried to force such changes in the few months remaining before November's midterm election, it may well get halted by courts.
"The action the Order contemplates would involve the President, whom the Constitution vests with no express authority over the conduct of elections, undertaking a substantial and unfunded overhaul of election procedures — including the implementation of a nationwide reform to Postal Service mail-handling processes —on the threshold of the November election. Put differently, the Order 'may not prove feasible to implement in any manner whatsoever,'" said the ruling, quoting a prior legal opinion.
In a separate case filed by Democratic state officials, a federal judge in Massachusetts last month blocked the executive order from taking effect for this year's elections because it was already forcing states, which are granted the power under the U.S. Constitution to control their own elections, to revise their procedures on the fly. That ruling was upheld on Saturday by a Boston-based appeals court and then was appealed to the U.S. Supreme Court on Monday by the Trump administration.

#order

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July 24, 2026 2:13 am ET
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South Korea is accelerating the implementation of a higher minimum cash deposit requirement for investing in leveraged exchange-traded funds, as authorities intensify efforts to curb extreme volatility in the world’s best-performing stock market this year.

#implementation #higher #deposit

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Maybe one size really can fit all.
As financial and investment advisors face rising client loads and portfolio complexity, the challenge is no longer simply building portfolios, but turning them into consistent and customized strategies. That's leading some advisors to take another look at model portfolios. Sometimes models have been dismissed as commoditized, one-size-fits-all solutions, but as the wealth industry has evolved, so too have model portfolios. Rather than forcing every client into the same allocation, today's products are dynamic, outcome-oriented frameworks that help RIAs implement their best thinking more consistently.
By providing a repeatable foundation for portfolio construction, they can reduce ad hoc decision-making, improve communication around portfolio changes and create greater flexibility to accommodate client-specific preferences and circumstances. We've heard it before, but the result is that advisors can spend less time manually building portfolios and more time delivering the advice clients increasingly value.
But not every customization is right for every client, and advisors need to serve as gatekeepers to ensure that adjustments are creating value rather than simply introducing additional complexity, implementation burdens and costs.

#client #Portfolio #rather #simply

Under Deion Sanders, the Colorado Buffaloes have rebuilt their roster each offseason through the transfer portal. It's the new way to build a roster in college football, placing greater emphasis on current production than on internal development.
That new philosophy has completely changed the average age of college football rosters, with most now slightly older since the transfer portal's implementation. Considering Colorado added 40-plus transfers this offseason, are the Buffs an old or young team?
Unsurprisingly, Colorado is on the older side with an average age of 20.63, according to data from RotoWire. The Buffs are tied for the 16th oldest roster in the FBS. CU is also the fifth-oldest team in the Power Four and the third-oldest in the Big 12. The two older Big 12 teams are Oklahoma State and UCF.
Considering Colorado frequently uses the transfer portal, an average age close to 21 (normally a college senior) is not surprising.
Georgia is the youngest team in the country (19.81 average age), which is not surprising given their propensity to land highly ranked freshman recruiting classes. The oldest team is UTSA (21.02 average age), as a team that prioritizes development and has many players who have been with the program for 3-4 years.

#transfer

The NCAA Division I Board of Directors doubled down Thursday on the new age-based eligibility rule that has prompted some athletes to go to court in hopes of extending their college careers.
The Division I Cabinet, which approved the new rule last month, issued a similar statement last month after a group of basketball players filed a lawsuit in an Ohio state court contending the age-based model unfairly shuts them out of further competition. More lawsuits have been filed across the country since, some of them reportedly with their coaches' encouragement.
The board statement indicates it won't budge from its stance like it did when, in response to former Vanderbilt quarterback Diego Pavia's 2024 court win, it granted an additional year to athletes who had competed at non-NCAA schools for at least one season and were set to complete their eligibility.
"We are encouraged by the Division I membership's broad support of the age-based eligibility rules," the board said Thursday. "The design of the new rules, including its implementation strategy, was thoughtful and well informed, and was unanimously supported by the Cabinet, including its student-athlete members.
"The Board has no plans to modify their application, notwithstanding a series of lawsuits recently filed on behalf of student-athletes with no remaining eligibility. We look forward to ensuring that the age-based eligibility rules are enforced consistently so that all institutions play by the same rules, like all participants in sports."

#eligibility #athletes #filed

LONDON, July 16 (Reuters) - The full implementation of China's rare earth export restrictions could put $6.5 trillion of downstream production outside the country ‌at risk, the International Energy Agency warned on Thursday.
China, the world's largest ‌producer of rare earths, expanded export controls in October last year to cover additional materials and introduced new licensing requirements, but later agreed to delay implementation for a year.
Rare earths are a group of 17 metals used in small quantities, but essential to products ranging from cars and aircraft to electronics and weapons systems.
If the controls ‌take full effect, about $6.5 trillion ⁠of production across the automotive, high-tech, defence and energy sectors could be exposed to supply disruptions, the IEA said in ⁠its Global Critical Minerals Outlook report.
The U.S. and Europe would account for nearly half of the economic impact, the report added.

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Gold (GC=F) August futures opened at $4,068.90 per troy ounce on Thursday, July 16, 2026, up 0.4% compared to Wednesday's closing price. The price of gold moved lower this morning, trading at $4,041.10 as of 8:02 a.m. ET.
Gold prices remain just above $4,000 an ounce this morning as the U.S. continues to strike Iranian military sites for the fifth straight day. The back-and-forth attacks from both countries have once again led to the closing of the Strait of Hormuz and the implementation of a U.S. naval blockade on Iranian ports.
While both sides don't seem interested in relenting their positions, the U.S. says it's still open to negotiations and remains focused on reopening the strait, in which about a fifth of the world's oil and natural gas once flowed.
The renewed military actions by the U.S. and Iran have once again put pressure on energy prices for consumers worldwide, prompting ******* ysts to bet on higher interest rates at some point this year. Higher interest rates are a natural headwind for gold prices since the precious metal doesn't pay interest.

Salesforce Inc. (NYSE:CRM) is one of the best large cap stocks to buy according to **** ysts. On July 8, Salesforce announced that the US Air Force 441st Vehicle Support Chain Operations Squadron is utilizing Missionforce National Security to manage its $13.5 billion fleet. This platform replaces legacy ERP silos, providing a unified, interoperable digital backbone for over 84,000 vehicles across nearly 389 locations.
The implementation enables the squadron to consolidate fragmented logistics into a strategic advantage, improving visibility for commanders and reducing service downtime. By utilizing the Salesforce Government Cloud Plus Defense, the Air Force has gained a scalable, IL5-authorized environment to support global mission readiness and operational control.
photo by Business-laptop-campaign-creators on Unsplash
Missionforce National Security streamlines **** et logistics, accelerates contingency planning, and improves budgeting accuracy through real-time data integration. The squadron is now positioned to leverage predictive **** ytics and future AI capabilities to automate manual tasks, validate vehicle data, and optimize maintenance schedules.
Salesforce Inc. (NYSE:CRM) is a global enterprise software company that provides CRM and cloud-based business applications across sales, service, marketing, commerce, and data **** ytics. Its Customer 360 platform, powered by data tools and trusted AI, enables organizations to unify customer data and drive personalized engagement.

Ukrainian Prime Minister Yulia Svyrydenko stepped down on Sunday, as Ukrainian President Volodymyr Zelensky reshapes his Cabinet amid Russia's ongoing invasion of the eastern European country.
In a lengthy statement on social media, Zelensky said he and Svyrydenko determined they need to implement "personnel changes" to "ensure the implementation of the updated political strategy."
Zelensky added, "We determined that these changes require a renewal of the Cabinet of Ministers. I am grateful to [Svyrydenko] for her clear, steady, and effective work as Prime Minister, for her years of productive service on Ukraine's team, and I have offered her the opportunity to lead a new and important area of relations with a key partner."
The Ukrainian president, who has remained in office past the expiration of his term due to his declaration of martial law upon Russia's invasion in 2022, did not name the position he offered to Svyrydenko. He also noted there will "be changes among the heads of law enforcement agencies" in Ukraine.
Svyrydenko said Sunday she was "grateful" to Zelensky "for his trust and for his high ****** sment of our team's work" during her time in office.

Argentina are in the semi-finals of the 2026 FIFA World Cup.
Argentina faced Switzerland in the quarterfinal and won 3-1 by dint of two extraordinary goals in extra-time. The game was tough and a messy defensive affair filled with yellow cards. Most notably, Switzerland attacker Breel Embolo was dismissed in the 72nd minute following VAR implementation. The mistaken identity rule was applied and Embolo, who was already on a yellow, received a second yellow and hence was sent off. Argentina capitalized on Swiss exhaustion to win the game. Here are the observations from the game.
Merely looking at the scoreline, it might seem like Switzerland had the bus parked from the very first minute. That is far from the truth. Take a look at the half-time statistics.
(made on Microsoft Paint by Muller_Era)
Throughout the first half, they constantly pressed and pushed Argentina out of the buildup. They weren’t afraid to throw themselves into transitions, and they had a clear game plan. Stay disciplined, compact, but continue to attack using Breel Embolo. Every time they had access to the ball, they looked to attack and Embolo was their main outlet. He could hold onto the ball, work with the midfield and wingers, and when the timing was right, launch into the final third.

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) is one of the undervalued stocks to buy according to the Wall Street. On June 29, Silvercorp announced a temporary operational slowdown at its Ying and GC mining sites in China to comply with new nationwide safety regulations. Following a fatal coal mine accident in May, Chinese authorities have mandated stricter safety protocols for all mining operations, requiring the implementation of the "Six Major Safety Systems" across all underground areas.
To address these requirements, Silvercorp Metals Inc. (NYSEAMERICAN:SVM) has suspended operations at affected sites to perform necessary upgrades, including system installations and facility improvements at an estimated cost of $11.5 million. The company is working with five certified vendors to finalize these safety measures over the next 50 days, with work expected to be completed in phases to allow for a gradual resumption of production.
Image by Csaba Nagy from Pixabay
The company anticipates that these safety improvements will impact production at the Ying Mining District by 40% to 50% and the GC mine by approximately 50% during the July–September quarter. Silvercorp is working closely with government regulators to ensure all systems meet national standards and plans to resume full operations as quickly as individual mining levels pass inspection.
Silvercorp Metals Inc. (NYSEAMERICAN:SVM) is a Canadian mining company that produces silver, gold, lead, and zinc. The company focuses on acquiring, exploring, developing, and mining mineral properties.

Rezolve AI PLC (NASDAQ:RZLV) is one of the best 11 small-cap software infrastructure stocks to buy now.
On June 23, Rezolve AI PLC (NASDAQ:RZLV) disclosed that Subsquid Labs GmbH has moved into a new stage of institutional expansion and rising demand for blockchain data structures. The served data of SQD has grown over fivefold during a span of four months, from around 240 TB per day back in February to a record high of 1.4 PB per day.
SQD infrastructure-based applications and protocols now handle more than 20 billion USD in AUM, up from around 11 billion USD. For the company, SQD is a core component of its broader platform for AI-led transactions, commerce and real-time digital transaction intelligence. SQD delivers the proprietary blockchain database platform that can facilitate AI agents and commerce platforms needing immediate access to on-chain data.
A new leadership team has been named to lead this expansion. Investor Wanja S. Oberhof has been designated as the CEO, and Robert Jung, former EY partner, joins as Head of Transformation. SQD supports more than 225 networks via a single data streaming API and has been benchmarked for data accuracy and low-latency performance, with a recorded P90 latency of 48.5 ms. Production implementations cover Morpho, PancakeSwap, zkVerify, GMX, RAILGUN, Lambda, and Deutsche Telekom.
Rezolve AI PLC (NASDAQ:RZLV) offers generative artificial intelligence technologies to the e-commerce and retail industry in the United States and the United Kingdom. Its customer portfolio includes different brands, producers, retailers, banks, and other corporate clients.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 10 Best Stocks to Buy in Glen Kacher's Light Street Portfolio.
On July 6, 2026, Advanced Micro Devices, Inc. (NASDAQ:AMD) revealed a collaboration with Micro Center, a computer parts retailer. Through the collaboration, the company initiated the global launch of Ryzen AI Halo, a compact system that can run AI models with up to 200 billion parameters locally. Jack Huynh, SVP and general manager, Computing and Graphics Group, Advanced Micro Devices, Inc. (NASDAQ:AMD) stated:
With Ryzen AI Halo now shipping, developers have a powerful new platform to build the next era of agentic AI – the performance for ambitious workloads, the memory for larger models and the flexibility to move from idea to implementation without compromise.
In a separate move, Wells Fargo raised the price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) from $505 to $615 on June 30, 2026. The firm's ***** yst maintained an Overweight rating on the stock. Wells Fargo cited raised estimates for AMD, driven by strong EPYC server CPU demand in addition to pricing upside. The firm maintains data center GPU forecasts above the Street consensus, increasing the 2027 and 2028 EPS projections to $13.40 and $18.75. Representing a market value of $44,602,231, Advanced Micro Devices, Inc. (NASDAQ:AMD) accounts for 8.35% of Glen Kacher's Light Street Portfolio.
Founded in 1969, Advanced Micro Devices Inc. (NASDAQ:AMD) is a world-leading semiconductor company specializing in high-performance computing and graphics solutions. Based in California, the company is a formidable competitor in the AI accelerator market with its Instinct MI300 and newer series GPUs.

Palm Valley Capital Management, an investment management firm, has issued the second-quarter 2026 investor letter for the "Palm Valley Capital Fund." A copy of the letter can be downloaded here. In the second quarter, the fund's investor class gained 1.80%, while the S&P SmallCap 600 rose 19.7% and the Morningstar Small Cap Total Return Index returned 14.0%. The Strategy primarily focused on small-cap categories, allocating 75% to cash equivalents. This led to underperformance relative to benchmarks. The Fund is currently seeking more small-cap opportunities that meet its return criteria and will act swiftly if market conditions improve. The Index benefited from strong contributions from data center construction and biotech sectors, while the energy industry lagged. Additionally, reviewing the fund's top five holdings can reveal its best investments in 2026.
In its second-quarter 2026 investor letter, Palm Valley Capital Management highlighted The Clorox Company (NYSE:CLX). The Clorox Company (NYSE:CLX) is a global manufacturer of consumer and professional products operating through its Health and Wellness, Household, Lifestyle, and International segments. On July 7, 2026, The Clorox Company (NYSE:CLX) closed at $97.41 per share, reflecting a market capitalization of $11.78 billion. The Clorox Company (NYSE:CLX) posted a one-month return of -1.92%, while its shares lost 22.69% over the past 52 weeks.
Palm Valley Capital Management stated the following regarding The Clorox Company (NYSE:CLX) in its Q2 2026 investor letter:
"The Fund acquired three new positions during the second quarter: The Clorox Company (NYSE:CLX), Molson Coors Beverage Company (ticker: TAP), and Vontier Corp. (ticker: VNT). The Clorox Company manufactures a wide range of household and professional cleaning, disinfecting, lifestyle, and wellness products. Its portfolio includes well known brands such as Clorox bleach and disinfecting wipes, Pine-Sol cleaners, Glad trash bags, Burt's Bees lip balm, Kingsford charcoal, Fresh Step cat litter, and Hidden Valley salad dressings. The company suffered a major cyberattack in 2023 that disrupted production and distribution, causing it to lose market share in several categories. The recovery has been slower than investors hoped, and Clorox has been working through a large ERP implementation that distorted shipments, reduced volumes, and created inventory disruptions with retailers.
In April, Clorox cut its fiscal 2026 outlook. Consumers have become more price-sensitive, leading some shoppers to trade down to private-label alternatives in categories such as cleaning products and household consumables. We view Clorox as a slow-growth consumer staples company with historically stable cash flows. We acquired a small position near the lows, but the shares have since bounced."

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This is the latest installment in Waste Dive's Biogas Monthly series.
One year after President Donald Trump signed the One Big Beautiful Bill Act, key questions about implementation of the Clean Fuel Production Tax Credit remain unanswered.
The credit, known in the tax code as 45Z, was created by the Inflation Reduction Act in 2022. It provides alternative fuel producers with a tax credit based in part on avoided emissions.
OBBBA made several changes to the IRA's tax credits, slashing support for hydrogen fuels and certain other alternative energy sources. But it was broadly supportive of combustion fuels, incorporating several provisions important to the biogas industry. That includes extending the credit's expiration by two years, to the end of 2029, and preventing the credit from being used for fuels produced from feedstocks produced outside North America.

Editor's note: Follow for USA-Belgium World Cup live updates!
SEATTLE — The FIFA Disciplinary Committee explained its decision to allow United States star Folarin Balogun to play in the World Cup round of 16 despite earning a red card that would have resulted in a suspension, determining it did not bend rules over the controversy while noting the striker will have to pay a fine.
The explanation came less than four hours before USMNT and Belgium are set to play for a spot in the quarterfinals.
FIFA's committee said it opened disciplinary proceedings on Balogun one day after he earned a red card in the round of 32 match against Bosnia and Herzegovina when he stepped on the ankle of Tarik Muharemovic. It decided he did violate FIFA codes related to suspension of red card, as well as for entering the field of play with teammates after the match. As a result, Balogun was suspended and imposed a $40,000 fine.
While it should have meant Balogun sits out against Belgium, the committee said it applied Article 27 of its disciplinary code, "under which it has discretion to suspend the implementation of any disciplinary measures, and ordered that the implementation of the one-match suspension be suspended for a probationary period of one year."

The United States advanced past the Round of 32 in the 2026 FIFA World Cup after it defeated Bosnia and Herzegovina 2-0 with a gutsy performance. The USMNT’s top goal scorer in the tournament, Folarin Balogun, was **** sed a red card in the 64th minute, forcing the squad to finish the match with 10 players.
The red card also meant that Balogun would be suspended for the squad’s next match in the round of 16 against Belgium on Monday. That is, until news broke on Sunday that FIFA would suspend Balogun’s punishment, making him eligible to compete against Belgium.
“The FIFA disciplinary committee has imposed the following sanction on United States national-team player Folarin Balogun, who was sent off as a result of a direct red card during the FIFA World Cup 2026 match between the United States and Bosnia and Herzegovina played on 1 July 2026 at San Francisco Bay Area Stadium: One-match suspension for breaches of articles 14 and 66 of the FIFA disciplinary code (FDC),” FIFA wrote in a statement via The Athletic.
“In line with article 27 of the FIFA disciplinary code, the implementation of the match suspension is suspended for a probationary period of one year. If Folarin Balogun commits another infringement of a similar nature and gravity during the probationary period, the suspension shall be revoked and the sanction enforced without prejudice to any additional sanction imposed for the new infringement.”
On Monday, United States President Donald Trump confirmed his role in restoring Balogun’s eligibility.

President Donald Trump spoke with FIFA president Gianni Infantino over the phone before the international soccer organization decided to suspend a red card against U.S. men's national team striker Folarin Balogun, the New York Times reported on Sunday—allowing the star goal scorer to play in the upcoming match against Belgium in the World Cup's Round of 16.
Trump reportedly spoke with FIFA president Gianni Infantino before the organization suspended a U.S. player's red card.
Balogun, the U.S. men's team's leading goal scorer, was expected to sit out Monday's World Cup match against Belgium after he received a red card during their most recent win against Bosnia and Herzegovina.
But in a surprise move on Sunday, FIFA's disciplinary committee said Balogun would be allowed to play as it suspended the implementation of the red card for a one-year probationary period.
If the U.S. striker commits another incident on the pitch "of a similar nature and gravity," he will face the full suspension, FIFA said in a statement on Sunday.

Folarin Balogun is available to play for the United States in their World Cup last-16 tie against Belgium after his one-game ban was suspended by Fifa.
The 25-year-old striker was shown a straight red card for a foul on Bosnia-Herzegovina defender Tarik Muharemovic as the co-hosts won their last-32 tie 2-0.
Fifa said the automatic one-match ban will be suspended for a year.
The Royal Belgian Football **** ociation (RBFA) said it is "astonished" by Fifa's decision and is "investigating all potential options" in response.
"In line with article 27 of the Fifa disciplinary code, the implementation of the match suspension is suspended for a probationary period of one year," world governing body Fifa said in a statement.