41 mins. ago
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He doesn't get as much media attention as Larry Fink or Bill Ackman, but David Booth, chairman of Dimensional Fund Advisors, has played a foundational role in the creation of the modern ***** et management industry. Working alongside Rex Sinquefield since the early 1980s, Booth has championed the idea that academic research is superior to Wall Street intuition.
During that time, Dimensional has grown from a fledgling business operating out of a spare room of Booth's Brooklyn brownstone to a global investment manager with $1.1 trillion in ***** ets under management. He's no longer running the company, having passed the reins to current co-CEOs Dave Butler and Gerard O'Reilly, but Booth is still intimately involved in setting Dimensional's direction at a time when innovation in the exchange-traded fund market and related trends are driving another sea change in how professional portfolios are built.
Sign up for The Daily Upside at no cost for premium ***** ysis on all your favorite stocks.
READ ALSO: Your Client's Big Tech Company Just IPO'd. Now What? and Investors Need Real Talk About Interval Funds
#company
He doesn't get as much media attention as Larry Fink or Bill Ackman, but David Booth, chairman of Dimensional Fund Advisors, has played a foundational role in the creation of the modern ***** et management industry. Working alongside Rex Sinquefield since the early 1980s, Booth has championed the idea that academic research is superior to Wall Street intuition.
During that time, Dimensional has grown from a fledgling business operating out of a spare room of Booth's Brooklyn brownstone to a global investment manager with $1.1 trillion in ***** ets under management. He's no longer running the company, having passed the reins to current co-CEOs Dave Butler and Gerard O'Reilly, but Booth is still intimately involved in setting Dimensional's direction at a time when innovation in the exchange-traded fund market and related trends are driving another sea change in how professional portfolios are built.
Sign up for The Daily Upside at no cost for premium ***** ysis on all your favorite stocks.
READ ALSO: Your Client's Big Tech Company Just IPO'd. Now What? and Investors Need Real Talk About Interval Funds
#company
44 mins. ago
On September 10, MasterCraft Boat Holdings (NASDAQ:MCFT) reported a fiscal fourth quarter that looked nothing like the one a year earlier. Adjusted EBITDA more than doubled, margins expanded across the legacy business, and the company closed out a year defined by its May 15 acquisition of Marine Products Corporation. But buried inside those same results was a $10.1 million writedown that tells a very different story about one corner of the business.
MasterCraft's core boat business is the reason the quarter worked at all. Legacy net sales, meaning the business before the acquisition, climbed 21.5% year over year to $96.6 million in the fourth quarter, powered by the next generation X Series lineup and less discounting at the dealer level. That combination of volume and pricing pushed legacy adjusted EBITDA margin up 730 basis points to 19.3%, up from 12% a year earlier. Once the newly acquired Chaparral and Robalo brands are added in, which contributed for only six weeks after the deal closed on May 15, consolidated fourth quarter net sales reached $129.9 million, up 63.4%, and adjusted EBITDA hit $20.5 million, up 114.9%.
The company also cleaned up its channel. Dealer field inventory for the legacy business fell 30% year over year, with turnover now running ahead of pre-pandemic levels, a sign dealers are selling boats rather than sitting on them. Full-year adjusted net income reached $30.2 million, or $1.76 per diluted share, up from $15.1 million, or $0.92 per share, in fiscal 2025. The company generated $22.3 million in free cash flow for the year and, as of June 30, held $43.9 million in cash, zero debt, and a fully available $75 million credit line. MasterCraft's own retail sales grew low single digits for the year even as the broader powerboat industry fell mid to high single digits, and the newer Robalo brand posted high single-digit retail growth in the fishing boat category.
The picture gets murkier once you look past the flagship brand. The Leisure segment, home to the Crest and Balise pontoon boats, saw fourth-quarter sales fall 11.2% year over year to $12.1 million, and the company booked a $10.1 million non-cash impairment against Crest brand ******* ets tied to what management called current category conditions. On a GAAP basis, that charge combined with acquisition costs and purchase accounting adjustments turned the quarter into a net loss of $7 million, or $0.35 per diluted share, compared to net income of $5.5 million a year earlier. Operating expenses rose $23.1 million in the quarter, including $5.9 million in transaction costs tied to the acquisition.
#million #legacy
MasterCraft's core boat business is the reason the quarter worked at all. Legacy net sales, meaning the business before the acquisition, climbed 21.5% year over year to $96.6 million in the fourth quarter, powered by the next generation X Series lineup and less discounting at the dealer level. That combination of volume and pricing pushed legacy adjusted EBITDA margin up 730 basis points to 19.3%, up from 12% a year earlier. Once the newly acquired Chaparral and Robalo brands are added in, which contributed for only six weeks after the deal closed on May 15, consolidated fourth quarter net sales reached $129.9 million, up 63.4%, and adjusted EBITDA hit $20.5 million, up 114.9%.
The company also cleaned up its channel. Dealer field inventory for the legacy business fell 30% year over year, with turnover now running ahead of pre-pandemic levels, a sign dealers are selling boats rather than sitting on them. Full-year adjusted net income reached $30.2 million, or $1.76 per diluted share, up from $15.1 million, or $0.92 per share, in fiscal 2025. The company generated $22.3 million in free cash flow for the year and, as of June 30, held $43.9 million in cash, zero debt, and a fully available $75 million credit line. MasterCraft's own retail sales grew low single digits for the year even as the broader powerboat industry fell mid to high single digits, and the newer Robalo brand posted high single-digit retail growth in the fishing boat category.
The picture gets murkier once you look past the flagship brand. The Leisure segment, home to the Crest and Balise pontoon boats, saw fourth-quarter sales fall 11.2% year over year to $12.1 million, and the company booked a $10.1 million non-cash impairment against Crest brand ******* ets tied to what management called current category conditions. On a GAAP basis, that charge combined with acquisition costs and purchase accounting adjustments turned the quarter into a net loss of $7 million, or $0.35 per diluted share, compared to net income of $5.5 million a year earlier. Operating expenses rose $23.1 million in the quarter, including $5.9 million in transaction costs tied to the acquisition.
#million #legacy
3 hours ago
A-listers including Claire Danes, Noah Wyle and Kaley Cuoco stepped out to one of the hottest parties ahead of the Emmys: The Motion Picture & Television Fund's big, star-studded bash to raise funds and awareness for the organization.
The party, which was co-hosted by PEOPLE, took place at Pacific Design Center on September 13, 2026 in West Hollywood; it was the 20th annual event, held to raise money for the MPTF organization, which supports members of the entertainment industry in need. Stars from some of the biggest and most Emmy nominated shows on TV, including The Pitt, The Gilded Age, Abbott Elementary and Pluribus, mixed and mingled (and, in some cases, gave us an ER reunion that melted our hearts).
See the best photos from the party below.
01 of 20
Credit: Stefanie Keenan/Getty
#including #claire
The party, which was co-hosted by PEOPLE, took place at Pacific Design Center on September 13, 2026 in West Hollywood; it was the 20th annual event, held to raise money for the MPTF organization, which supports members of the entertainment industry in need. Stars from some of the biggest and most Emmy nominated shows on TV, including The Pitt, The Gilded Age, Abbott Elementary and Pluribus, mixed and mingled (and, in some cases, gave us an ER reunion that melted our hearts).
See the best photos from the party below.
01 of 20
Credit: Stefanie Keenan/Getty
#including #claire
3 hours ago
Sept 13 (Reuters) - Former U.S. President Barack Obama has warned that artificial intelligence could be "dangerous" if not properly managed, and urged Democrats to frame policy and governance agendas to tackle the issue, the New York Times said on Sunday.
The remarks at a recent private fundraising event come as growing numbers of U.S. lawmakers call for tougher rules on AI systems after dire warnings from two Anthropic researchers that rapid industry progress risks extinction of the human race.
"This is something that is moving very fast in private hands, and if we don't get on top of it, I think can be dangerous," the newspaper quoted Obama as saying on Thursday.
Citing a partial transcript of remarks from Obama's office, the paper said he encouraged House Minority Leader Hakeem Jeffries to help shape a public conversation on AI policy if Democrats regained the House in midterm elections on November 3.
"Once you are speaker, I would strongly urge that the Democrats put together a framework for a very public conversation," Obama told Jeffries, the paper added.
#obama #democrats #private
The remarks at a recent private fundraising event come as growing numbers of U.S. lawmakers call for tougher rules on AI systems after dire warnings from two Anthropic researchers that rapid industry progress risks extinction of the human race.
"This is something that is moving very fast in private hands, and if we don't get on top of it, I think can be dangerous," the newspaper quoted Obama as saying on Thursday.
Citing a partial transcript of remarks from Obama's office, the paper said he encouraged House Minority Leader Hakeem Jeffries to help shape a public conversation on AI policy if Democrats regained the House in midterm elections on November 3.
"Once you are speaker, I would strongly urge that the Democrats put together a framework for a very public conversation," Obama told Jeffries, the paper added.
#obama #democrats #private
4 hours ago
BERLIN (AP) — Germany's federal prosecutor's office said Monday it had filed charges against a German-Ukrainian woman suspected of acting on behalf of Russian intelligence.
The woman, who was only identified as Ilona W. in line with German privacy rules, is accused of having been in contact with a full-time intelligence officer at the Russian Embassy in Berlin at least since Oct. 2023, the prosecutor's statement said.
The defendant ran a marketing agency in Berlin and was also the chairwoman of a lobbying group. As a result, she had an extensive network in military and political circles, prosecutors said.
Over the course of several years, the woman provided the intelligence officer at the Russian embassy with numerous tips about high-profile events and ensured that he could attend them — sometimes under a false name. This was intended to enable him to build his own network for intelligence purposes, the statement said.
To identify contacts and potential targets, she also attended such events herself. Furthermore, the defendant attempted to recruit individuals from the German Ministry of Defense and the defense industry for her own purposes, prosecutors alleged.
#defense #statement
The woman, who was only identified as Ilona W. in line with German privacy rules, is accused of having been in contact with a full-time intelligence officer at the Russian Embassy in Berlin at least since Oct. 2023, the prosecutor's statement said.
The defendant ran a marketing agency in Berlin and was also the chairwoman of a lobbying group. As a result, she had an extensive network in military and political circles, prosecutors said.
Over the course of several years, the woman provided the intelligence officer at the Russian embassy with numerous tips about high-profile events and ensured that he could attend them — sometimes under a false name. This was intended to enable him to build his own network for intelligence purposes, the statement said.
To identify contacts and potential targets, she also attended such events herself. Furthermore, the defendant attempted to recruit individuals from the German Ministry of Defense and the defense industry for her own purposes, prosecutors alleged.
#defense #statement
4 hours ago
KYIV, Ukraine (AP) — U.S. President Donald Trump on Sunday called on Ukrainian President Volodymyr Zelenskyy to halt strikes on Russian oil refineries and other infrastructure used to produce and distribute diesel, saying the attacks are causing a global shortage. He spoke after diesel prices in the U.S. hit a record on Friday, soaring past $6 a gallon on average.
Ukraine has for months been targeting Russia's oil and gas industry with long-range strikes, prompting fuel rationing across the country and causing Moscow to ban diesel exports in July, removing supplies from the already tight global market.
But the global crunch also came after the war on Iran curtailed oil shipments through the Strait of Hormuz.
Fuel prices are weighing on Americans as they prepare to vote in midterm elections in November.
Trump was asked by a reporter if he had spoken with Zelenskyy following his recent conversation with Russia's Vladimir Putin. He responded by calling on Zelenskyy to halt strikes against Russia.
#zelenskyy #global #Trump
Ukraine has for months been targeting Russia's oil and gas industry with long-range strikes, prompting fuel rationing across the country and causing Moscow to ban diesel exports in July, removing supplies from the already tight global market.
But the global crunch also came after the war on Iran curtailed oil shipments through the Strait of Hormuz.
Fuel prices are weighing on Americans as they prepare to vote in midterm elections in November.
Trump was asked by a reporter if he had spoken with Zelenskyy following his recent conversation with Russia's Vladimir Putin. He responded by calling on Zelenskyy to halt strikes against Russia.
#zelenskyy #global #Trump
5 hours ago
As of 11:38 AM ET, the S&P 500 (SNPINDEX:^GSPC) is down 0.44% to 7,623, the Nasdaq Composite (NASDAQINDEX:^IXIC) has fallen 0.44% to 26,217 as cooling artificial intelligence sentiment weighs on growth stocks, and the Dow Jones Industrial Average (DJINDICES:^DJI) is trading 0.36% lower to 52,422.
Gold is down 1.88% to $4,325.10, and the 10-Year Treasury yield has slipped 0.02% to 4.96%, after reaching 5% for the first time since 2023. Communication stocks and healthcare are leading sector gains, while basic materials and industrials are underperforming.
Meta Platforms is climbing today after Goldman Sachs maintained a Buy rating, stressing the potential upside from its Muse AI agent. Micron Technology tumbled over 5% following warnings about the risks of rapid AI development. Those same concerns drove gains in cybersecurity stocks -- CrowdStrike Holdings soared 15%.
Tech leaders have issued dire warnings about the risks of rapid artificial intelligence (AI) development in recent days, prompting an industrywide pullback. Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman both highlighted the dangers that advanced systems could quickly move beyond human control and called for a slower pace of development.
Investors fear any slowdown could impact demand for AI infrastructure, pressuring some of this year's outperformers, such as Marvell Technology, CoreWeave, and Intel. Those worries are understandable, but it is important think about how any controls on AI development might impact long-term growth. Near-term sentiment may slip, but AI isn't going to disappear, and there is a chance that a slower build-out could actually strengthen the industry in the long term.
#down
Gold is down 1.88% to $4,325.10, and the 10-Year Treasury yield has slipped 0.02% to 4.96%, after reaching 5% for the first time since 2023. Communication stocks and healthcare are leading sector gains, while basic materials and industrials are underperforming.
Meta Platforms is climbing today after Goldman Sachs maintained a Buy rating, stressing the potential upside from its Muse AI agent. Micron Technology tumbled over 5% following warnings about the risks of rapid AI development. Those same concerns drove gains in cybersecurity stocks -- CrowdStrike Holdings soared 15%.
Tech leaders have issued dire warnings about the risks of rapid artificial intelligence (AI) development in recent days, prompting an industrywide pullback. Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman both highlighted the dangers that advanced systems could quickly move beyond human control and called for a slower pace of development.
Investors fear any slowdown could impact demand for AI infrastructure, pressuring some of this year's outperformers, such as Marvell Technology, CoreWeave, and Intel. Those worries are understandable, but it is important think about how any controls on AI development might impact long-term growth. Near-term sentiment may slip, but AI isn't going to disappear, and there is a chance that a slower build-out could actually strengthen the industry in the long term.
#down
5 hours ago
Shares of Okta (NASDAQ: OKTA) charged out of the gate Monday, gaining as much as 11.8%. As of 11:32 a.m. ET, the stock was still up 11.2%.
The catalyst that sent the cybersecurity specialist higher was the calls by prominent industry insiders for a slowdown in artificial intelligence (AI) development.
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 »
In a treatise released over the weekend, Anthropic CEO Dario Amodei called for a slowdown in the pace of AI development. He said that "like many technologies before it, AI brings risks, and because it is such a powerful technology, these risks are serious." Amodei's concerns included the" risk of losing control of AI systems, misuse for cyberattacks and bioterrorism, and serious economic disruption." He pointed to the high-profile hack of Hugging Face by OpenAI models as evidence of the need for caution.
Other chief executives joined the chorus, including ******* e Exploration Technologies, aka ******* eX, CEO Elon Musk, who said in a post on X, "Dario is right." OpenAI CEO Sam Altman also sided with Amodei, who inked his own essay, calling for "consistent rules to manage frontier (model) risk." He stopped short of calling for a moratorium, saying slowing the pace of AI development does "not mean stopping."
#NVIDIA #flashing
The catalyst that sent the cybersecurity specialist higher was the calls by prominent industry insiders for a slowdown in artificial intelligence (AI) development.
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 »
In a treatise released over the weekend, Anthropic CEO Dario Amodei called for a slowdown in the pace of AI development. He said that "like many technologies before it, AI brings risks, and because it is such a powerful technology, these risks are serious." Amodei's concerns included the" risk of losing control of AI systems, misuse for cyberattacks and bioterrorism, and serious economic disruption." He pointed to the high-profile hack of Hugging Face by OpenAI models as evidence of the need for caution.
Other chief executives joined the chorus, including ******* e Exploration Technologies, aka ******* eX, CEO Elon Musk, who said in a post on X, "Dario is right." OpenAI CEO Sam Altman also sided with Amodei, who inked his own essay, calling for "consistent rules to manage frontier (model) risk." He stopped short of calling for a moratorium, saying slowing the pace of AI development does "not mean stopping."
#NVIDIA #flashing
6 hours ago
Actress Sydney Sweeney made headlines last week when she starred in a new commercial for sports betting company Novig.
Sweeney doesn't have any reservations about appearing nude, just look at her work in Euphoria, The Voyeurs and The Housemaid just to name a few. She previously made it clear she won't stop appearing nude on screen.
"People forget that I'm playing a character," she explained.
"They think, 'Oh, she gets naked onscreen; she's a ***** symbol'. And I can't get past that. I have no problems with those scenes, and I won't stop doing them, but I wish there was an easier way to have an open conversation about what we're ***** uming about actors in the industry."
MORE: Sydney Sweeney lands Sports Illustrated cover for new role
#made
Sweeney doesn't have any reservations about appearing nude, just look at her work in Euphoria, The Voyeurs and The Housemaid just to name a few. She previously made it clear she won't stop appearing nude on screen.
"People forget that I'm playing a character," she explained.
"They think, 'Oh, she gets naked onscreen; she's a ***** symbol'. And I can't get past that. I have no problems with those scenes, and I won't stop doing them, but I wish there was an easier way to have an open conversation about what we're ***** uming about actors in the industry."
MORE: Sydney Sweeney lands Sports Illustrated cover for new role
#made
6 hours ago
Southern Company (SO) and Vistra (VST) both profited from AI power demand, yet VST shares are down 30% over the past year.
U.S. electricity prices climbed 4% over the past year, outpacing headline inflation and directly contradicting Musk's claim that AI data centers lower consumer bills.
The $180 annual savings Musk cited applies to one Georgia utility's contract; new AI-driven generation will land in rate bases all ratepayers fund.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now, and Southern Company didn't make the cut. Enter your email to see the names that beat SO. The report is free. Enter your email and see if any of your stocks made the cut.
At 10:18 a.m. ET on Monday, Elon Musk told his audience that "AI data centers resulting in lower electricity prices for consumers" and pointed to a post claiming Georgia Power's new large-load contracts, overwhelmingly data centers, will save customers nearly a billion dollars, erasing about $180 per year from their bills. The post reached more than 503,000 impressions. Twelve days earlier, West Virginia Governor Patrick Morrisey made the same argument on CNBC, saying net electricity prices will be lower when data centers come in. It is becoming an industry talking point. It is also colliding with the price data Americans actually pay.
#data #centers #company #musk
U.S. electricity prices climbed 4% over the past year, outpacing headline inflation and directly contradicting Musk's claim that AI data centers lower consumer bills.
The $180 annual savings Musk cited applies to one Georgia utility's contract; new AI-driven generation will land in rate bases all ratepayers fund.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now, and Southern Company didn't make the cut. Enter your email to see the names that beat SO. The report is free. Enter your email and see if any of your stocks made the cut.
At 10:18 a.m. ET on Monday, Elon Musk told his audience that "AI data centers resulting in lower electricity prices for consumers" and pointed to a post claiming Georgia Power's new large-load contracts, overwhelmingly data centers, will save customers nearly a billion dollars, erasing about $180 per year from their bills. The post reached more than 503,000 impressions. Twelve days earlier, West Virginia Governor Patrick Morrisey made the same argument on CNBC, saying net electricity prices will be lower when data centers come in. It is becoming an industry talking point. It is also colliding with the price data Americans actually pay.
#data #centers #company #musk
6 hours ago
Azure crossed $100B annually with 43% growth, and Microsoft's commercial backlog surged 84% to $678B, explaining why markets shrugged off AI safety calls.
Progressive fell 5% and Sherwin-Williams dropped 12% over the past year as housing starts slid 12% and consumer sentiment hit a recessionary 55.
Trump's 'whoever wins, AI wins' framing directly counters Manchin's push for an executive order freezing AI IPOs until federal safeguards are established.
Just released. Our ******* ysts combed the entire stock market and named the ten best stocks to buy right now, and Microsoft didn't make the cut. Enter your email to see the names that beat MSFT. The report is free. Enter your email and see if any of your stocks made the cut.
Monday morning, hours after public radio spent its morning walking through an open letter asking the AI industry to slow itself down, President Trump told CNBC the opposite: "We're leading China in AI. We're the most sophisticated country in the world. And frankly, I want to keep it that way because whoever wins, AI wins." Ninety minutes later, shares of Microsoft (NASDAQ:MSFT) were changing hands at $498.70, and Polymarket bettors were pricing 84.5% odds that the stock would close green.
#msft #whoever #stocks #morning
Progressive fell 5% and Sherwin-Williams dropped 12% over the past year as housing starts slid 12% and consumer sentiment hit a recessionary 55.
Trump's 'whoever wins, AI wins' framing directly counters Manchin's push for an executive order freezing AI IPOs until federal safeguards are established.
Just released. Our ******* ysts combed the entire stock market and named the ten best stocks to buy right now, and Microsoft didn't make the cut. Enter your email to see the names that beat MSFT. The report is free. Enter your email and see if any of your stocks made the cut.
Monday morning, hours after public radio spent its morning walking through an open letter asking the AI industry to slow itself down, President Trump told CNBC the opposite: "We're leading China in AI. We're the most sophisticated country in the world. And frankly, I want to keep it that way because whoever wins, AI wins." Ninety minutes later, shares of Microsoft (NASDAQ:MSFT) were changing hands at $498.70, and Polymarket bettors were pricing 84.5% odds that the stock would close green.
#msft #whoever #stocks #morning
6 hours ago
How, after only a handful of years in the public eye, did Ayo Edebiri establish herself as one of the entertainment industry's most fashionable stars? We'd like to chalk it up to her magnetic presence in "The Bear," working with some of today's most imaginative designers, and, of course, delivering one remarkable look after another at premières and award shows.
Trending
"Is justice worth it if it comes by any means?" Yahya Abdul-Mateen II and Mark Wahlberg explore the depth behind 'By Any Means'
The Pynk is reopening one last time: "P-Valley" Season 3 finally gets a premiere date and first-look photos
Jalen Brunson to become first active NBA player in nearly 20 years to host "SNL"
#first #abdul
Trending
"Is justice worth it if it comes by any means?" Yahya Abdul-Mateen II and Mark Wahlberg explore the depth behind 'By Any Means'
The Pynk is reopening one last time: "P-Valley" Season 3 finally gets a premiere date and first-look photos
Jalen Brunson to become first active NBA player in nearly 20 years to host "SNL"
#first #abdul
6 hours ago
Steven Kolb apologized for physically restraining PETA activists during the COS runway show at New York Fashion Week
The protesters disrupted the show to highlight animal cruelty in the wool industry, calling for brands to stop using wool
PETA criticized Kolb's actions, while an activist announced that the organization plans to file a police report
A fashion executive is apologizing for his reaction to protesters crashing a New York Fashion Week show.
While models were walking the runway for the COS fall-winter 2026 collection in the WSA building on Sunday, Sept. 13, a group of animal activists from People for the Ethical Treatment of Animals (PETA) emerged holding signs and shouting against supporting the brand owned by Swedish retailer H&M, CNN, The New York Times and The Business of Fashion reported.
#fashion #peta #activists #animal
The protesters disrupted the show to highlight animal cruelty in the wool industry, calling for brands to stop using wool
PETA criticized Kolb's actions, while an activist announced that the organization plans to file a police report
A fashion executive is apologizing for his reaction to protesters crashing a New York Fashion Week show.
While models were walking the runway for the COS fall-winter 2026 collection in the WSA building on Sunday, Sept. 13, a group of animal activists from People for the Ethical Treatment of Animals (PETA) emerged holding signs and shouting against supporting the brand owned by Swedish retailer H&M, CNN, The New York Times and The Business of Fashion reported.
#fashion #peta #activists #animal
7 hours ago
Howmet Aerospace Inc. (NYSE:HWM) is facing a mixed outlook after GE Aerospace agreed to acquire Consolidated Precision Products (CPP) for about $11.75 billion to secure more control over critical engine castings and expand production capacity. The announcement initially hit Howmet shares, which fell about 10%, as investors worried that GE could eventually rely less on outside suppliers such as Howmet.
However, Howmet CEO John Plant said he is comfortable with the deal and remains confident in Howmet's ability to grow. The bigger issue for Howmet right now appears to be how quickly it can expand capacity to keep up with soaring demand. Commercial aircraft production, defense activity and aftermarket demand are all increasing, while Howmet is also benefiting from demand for turbine components used in data centers. Plant said the scale of the required capital expansion is itself "testing" the company.
The strongest bullish argument for Howmet Aerospace Inc. (NYSE:HWM) is that GE's decision to spend nearly $12 billion on CPP validates how strategically valuable aerospace castings and engine components have become. The acquisition is aimed at addressing a supply bottleneck rather than signaling weak demand. GE expects airfoil demand to rise by more than 30% through 2030, while aircraft manufacturers and defense customers continue to push production higher. That creates a favorable industry backdrop for Howmet as well.
Howmet also has an opportunity to benefit from customers looking for additional capacity outside GE's newly integrated supply chain. If demand continues to exceed available casting capacity, Howmet's existing manufacturing footprint and expertise could give it significant pricing power and support further investment. Plant's comments that the company is being "tested" by the sheer scale of expansion suggest that Howmet is dealing with a capacity problem caused by strong demand, rather than a lack of orders.
Another positive is that Howmet Aerospace Inc. (NYSE:HWM)'s exposure extends beyond commercial aircraft. Its blades and vanes are also used in gas turbines serving the rapidly expanding data-center market, providing another avenue for growth alongside aerospace. Plant has also indicated that the company intends to revisit its longer-term revenue targets, after previously saying revenue could potentially double from 2025 levels within three to five years.
#commercial
However, Howmet CEO John Plant said he is comfortable with the deal and remains confident in Howmet's ability to grow. The bigger issue for Howmet right now appears to be how quickly it can expand capacity to keep up with soaring demand. Commercial aircraft production, defense activity and aftermarket demand are all increasing, while Howmet is also benefiting from demand for turbine components used in data centers. Plant said the scale of the required capital expansion is itself "testing" the company.
The strongest bullish argument for Howmet Aerospace Inc. (NYSE:HWM) is that GE's decision to spend nearly $12 billion on CPP validates how strategically valuable aerospace castings and engine components have become. The acquisition is aimed at addressing a supply bottleneck rather than signaling weak demand. GE expects airfoil demand to rise by more than 30% through 2030, while aircraft manufacturers and defense customers continue to push production higher. That creates a favorable industry backdrop for Howmet as well.
Howmet also has an opportunity to benefit from customers looking for additional capacity outside GE's newly integrated supply chain. If demand continues to exceed available casting capacity, Howmet's existing manufacturing footprint and expertise could give it significant pricing power and support further investment. Plant's comments that the company is being "tested" by the sheer scale of expansion suggest that Howmet is dealing with a capacity problem caused by strong demand, rather than a lack of orders.
Another positive is that Howmet Aerospace Inc. (NYSE:HWM)'s exposure extends beyond commercial aircraft. Its blades and vanes are also used in gas turbines serving the rapidly expanding data-center market, providing another avenue for growth alongside aerospace. Plant has also indicated that the company intends to revisit its longer-term revenue targets, after previously saying revenue could potentially double from 2025 levels within three to five years.
#commercial
7 hours ago
Lyft, Inc. (NASDAQ:LYFT) has begun offering Waymo's fully autonomous robotaxi rides directly through its app in Nashville, marking the first market where Waymo vehicles can be booked through both the Waymo and Lyft apps. Lyft users requesting Standard, Priority Pickup, Wait & Save, or Extra Comfort rides within the designated Nashville service area can be matched with a Waymo vehicle at no additional cost.
The rollout also gives Lyft a larger role in the autonomous-vehicle ecosystem through its Flexdrive subsidiary, which will manage charging, cleaning and maintenance for Waymo's fleet. Reuters previously reported that the Nashville partnership was intended to become Waymo's first commercial deployment through Lyft's ride-hailing network.
paul-hanaoka-D-qq7W751vs-unsplash
The partnership could strengthen Lyft, Inc. (NASDAQ:LYFT)'s long-term position in a ride-hailing industry that is increasingly moving toward autonomous vehicles. Rather than spending heavily to develop its own robotaxi technology, Lyft can leverage Waymo's autonomous-driving capabilities while providing the customer base, app infrastructure, and fleet-management services needed to put those vehicles to work. This ****** et-light approach could allow Lyft to participate in the growth of robotaxis without bearing the enormous technological costs and risks ****** ociated with developing a self-driving system internally.
The bigger opportunity is Flexdrive. Lyft is not simply sending customers to Waymo; its subsidiary is taking responsibility for keeping Waymo vehicles operational in Nashville. Lyft says its new 80,000-square-foot facility will support more than 70 full-time positions and help optimize vehicle availability. If this operating model proves successful, Lyft could potentially become a valuable infrastructure and fleet-management partner as Waymo expands into additional markets. That would give Lyft another potential revenue opportunity beyond traditional ride commissions.
#vehicle #fleet #ride #NASDAQ
The rollout also gives Lyft a larger role in the autonomous-vehicle ecosystem through its Flexdrive subsidiary, which will manage charging, cleaning and maintenance for Waymo's fleet. Reuters previously reported that the Nashville partnership was intended to become Waymo's first commercial deployment through Lyft's ride-hailing network.
paul-hanaoka-D-qq7W751vs-unsplash
The partnership could strengthen Lyft, Inc. (NASDAQ:LYFT)'s long-term position in a ride-hailing industry that is increasingly moving toward autonomous vehicles. Rather than spending heavily to develop its own robotaxi technology, Lyft can leverage Waymo's autonomous-driving capabilities while providing the customer base, app infrastructure, and fleet-management services needed to put those vehicles to work. This ****** et-light approach could allow Lyft to participate in the growth of robotaxis without bearing the enormous technological costs and risks ****** ociated with developing a self-driving system internally.
The bigger opportunity is Flexdrive. Lyft is not simply sending customers to Waymo; its subsidiary is taking responsibility for keeping Waymo vehicles operational in Nashville. Lyft says its new 80,000-square-foot facility will support more than 70 full-time positions and help optimize vehicle availability. If this operating model proves successful, Lyft could potentially become a valuable infrastructure and fleet-management partner as Waymo expands into additional markets. That would give Lyft another potential revenue opportunity beyond traditional ride commissions.
#vehicle #fleet #ride #NASDAQ
7 hours ago
Dow Inc. (NYSE:DOW) is reportedly considering selling its 35% stake in Sadara Chemical, its $20 billion chemicals joint venture with Saudi Aramco, as the company continues to reshape its portfolio amid a prolonged downturn in the global chemicals industry. No final decision has been made, and Aramco or another strategic or financial investor could potentially acquire Dow's stake.
The potential exit comes as Sadara has become a significant financial burden for Dow. As of June 30, Dow Inc. (NYSE:DOW) had a negative investment balance of $793 million in Sadara and had suspended recognition of its share of the venture's equity losses in the first quarter. Dow has also been exposed to Sadara's financing obligations and previously disclosed that the venture had drawn on a credit facility.
At the same time, Sadara remains a major industrial ****** et, operating a complex in Jubail with more than 3 million metric tons of annual chemicals and plastics capacity. Its operations were disrupted earlier this year by the Middle East conflict, adding transportation, supply-chain, and operating pressures to an industry already dealing with weak demand and global oversupply.
The strongest argument for Dow Inc. (NYSE:DOW) is that exiting Sadara could remove a persistent drag on cash flow and allow management to redirect capital toward businesses with better returns. Dow's exposure to Sadara is no longer simply an investment in a large Saudi chemicals complex; the company has accumulated a negative investment balance and financial obligations ****** ociated with the venture. A sale could therefore reduce Dow's exposure to future funding requirements and limit the amount of capital that could otherwise have to be committed to the partnership.
That would be particularly valuable because Dow is already trying to improve its cash generation. Management has said its objective is to reach free-cash-flow breakeven while pursuing significant cost reductions. In March, CEO Jim Fitterling said Dow's goal was to avoid putting additional cash into Sadara during 2026, while describing the venture as having low operating cash costs but more challenging fixed costs and financing obligations.
#chemicals
The potential exit comes as Sadara has become a significant financial burden for Dow. As of June 30, Dow Inc. (NYSE:DOW) had a negative investment balance of $793 million in Sadara and had suspended recognition of its share of the venture's equity losses in the first quarter. Dow has also been exposed to Sadara's financing obligations and previously disclosed that the venture had drawn on a credit facility.
At the same time, Sadara remains a major industrial ****** et, operating a complex in Jubail with more than 3 million metric tons of annual chemicals and plastics capacity. Its operations were disrupted earlier this year by the Middle East conflict, adding transportation, supply-chain, and operating pressures to an industry already dealing with weak demand and global oversupply.
The strongest argument for Dow Inc. (NYSE:DOW) is that exiting Sadara could remove a persistent drag on cash flow and allow management to redirect capital toward businesses with better returns. Dow's exposure to Sadara is no longer simply an investment in a large Saudi chemicals complex; the company has accumulated a negative investment balance and financial obligations ****** ociated with the venture. A sale could therefore reduce Dow's exposure to future funding requirements and limit the amount of capital that could otherwise have to be committed to the partnership.
That would be particularly valuable because Dow is already trying to improve its cash generation. Management has said its objective is to reach free-cash-flow breakeven while pursuing significant cost reductions. In March, CEO Jim Fitterling said Dow's goal was to avoid putting additional cash into Sadara during 2026, while describing the venture as having low operating cash costs but more challenging fixed costs and financing obligations.
#chemicals
7 hours ago
Sydney Sweeney has come under fire for another advertising campaign.
The Euphoria actor has teamed up with Novig, a new platform that combines sports trading with prediction-market features and is restricted to users aged 21 and above.
But the conversation isn't about the platform, which she is the new strategic partner and equity holder for. Instead, the marketing campaign has sparked a debate about how women are represented in sports.
The minute-long ad, ****** led "Just Sports," features the Christy actress posing in nothing but strategically placed footballs, basketball hoops, hockey pads, and a pool cue. The concept is that the platform focuses on sports and nothing else.
Marissa Womack, manager of game day promotions for the Harrisburg Senators, addressed the video and its backlash in a TikTok video: "This isn't about me being jealous or insecure. It's about the fact that this is already a male-dominated field where we constantly have to prove we belong. When the only representation is ****** ualization, you see fewer and fewer young women wanting to pursue this industry."
#sports #platform #nothing
The Euphoria actor has teamed up with Novig, a new platform that combines sports trading with prediction-market features and is restricted to users aged 21 and above.
But the conversation isn't about the platform, which she is the new strategic partner and equity holder for. Instead, the marketing campaign has sparked a debate about how women are represented in sports.
The minute-long ad, ****** led "Just Sports," features the Christy actress posing in nothing but strategically placed footballs, basketball hoops, hockey pads, and a pool cue. The concept is that the platform focuses on sports and nothing else.
Marissa Womack, manager of game day promotions for the Harrisburg Senators, addressed the video and its backlash in a TikTok video: "This isn't about me being jealous or insecure. It's about the fact that this is already a male-dominated field where we constantly have to prove we belong. When the only representation is ****** ualization, you see fewer and fewer young women wanting to pursue this industry."
#sports #platform #nothing
7 hours ago
Tech stocks fell on Monday, as AI industry leaders raised concerns about the future of the technology and its potential to harm humans. The Nasdaq fell roughly 0.8% in early trading. The Philadelphia Semiconductor Index fell more than 4%.
The episode began last week when an Anthropic researcher announced he was leaving the company via a post on X, saying he didn't feel it was doing enough to keep AI in check.
Anthropic Alignment Science Lead, Evan Hubinger, responded the post saying the former Anthropic worker is correct and that he believes there is a greater-than-10 % chance that the technology could "kill all humans."
On Saturday, Anthropic CEO Dario Amodei posted an essay responding to the posts, calling on AI companies to slow the pace of frontier AI development. OpenAI CEO Sam Altman agreed.
And on Monday, Reuters reported that Microsoft is developing its own code of conduct for its AI models.
#anthropic #Monday #Tech
The episode began last week when an Anthropic researcher announced he was leaving the company via a post on X, saying he didn't feel it was doing enough to keep AI in check.
Anthropic Alignment Science Lead, Evan Hubinger, responded the post saying the former Anthropic worker is correct and that he believes there is a greater-than-10 % chance that the technology could "kill all humans."
On Saturday, Anthropic CEO Dario Amodei posted an essay responding to the posts, calling on AI companies to slow the pace of frontier AI development. OpenAI CEO Sam Altman agreed.
And on Monday, Reuters reported that Microsoft is developing its own code of conduct for its AI models.
#anthropic #Monday #Tech
8 hours ago
When we moved to our former house in the Tradition neighborhood of Port St. Lucie, Fla., we had two Starbucks, two Dunkin's, and two local coffeehouses within a few miles of our house. A few years later, when we moved away, we still had two Starbucks, but the local, independent chains had both closed.
In their place, we added 7 Brew, Cali Coffee, Carmela (a regional chain), Vicky Bakery (a popular Cuban cafe chain), another Dunkin', and a new independent coffee place.
It's a staggering amount of competition in a fast-growing section of the city that's only a few square miles. All of those added competitors come at a time when the overall market has been growing, but seems to have hit a wall.
"The Coffee and Snack Shops industry has experienced a wave of growth, emerging as a standout performer in the food service sector. It boasts an annualized growth rate of 2.5%, shooting revenues up to $75.5 billion over the five years to 2026," according to IBISWorld's Coffee & Snack Shops in the US Industry Data and ***** ysis.
Nationally, Americans also have more places to get their daily cup.
#coffee #starbucks #snack #House
In their place, we added 7 Brew, Cali Coffee, Carmela (a regional chain), Vicky Bakery (a popular Cuban cafe chain), another Dunkin', and a new independent coffee place.
It's a staggering amount of competition in a fast-growing section of the city that's only a few square miles. All of those added competitors come at a time when the overall market has been growing, but seems to have hit a wall.
"The Coffee and Snack Shops industry has experienced a wave of growth, emerging as a standout performer in the food service sector. It boasts an annualized growth rate of 2.5%, shooting revenues up to $75.5 billion over the five years to 2026," according to IBISWorld's Coffee & Snack Shops in the US Industry Data and ***** ysis.
Nationally, Americans also have more places to get their daily cup.
#coffee #starbucks #snack #House
8 hours ago
Costco has raised the price of its Kirkland Signature full-synthetic motor oil and begun limiting how much any one member can purchase, as a global lubricant shortage tied to the ongoing Middle East conflict pushes crude oil toward $100 a barrel.
That 10-quart case — two 5-quart bottles, enough for a typical V6 or V8 oil change — has jumped to $57.99, compared with the roughly $30 price members had grown accustomed to paying, according to The Drive. Stores are capping purchases at two units per customer per week. The retailer has also imposed a five-per-member limit on Mobil 1, with six quarts of that brand running $44.
The rationing reflects pressure from multiple directions. The connection to fuel prices runs through the refinery: base oil shares its crude-oil origins with gasoline and diesel, so when margins on finished fuel are strong, refiners have a financial reason to favor fuel production over lubricant stock, according to The Auto Wire. EIA data showed the gasoline crack spread sitting roughly a dollar per gallon higher than where it stood at the same point in 2025, a gap that has squeezed base oil availability and pushed its price upward.
Regulatory and licensing costs add a separate layer of expense. The Kirkland 5W-30 displays the dexos1 Gen 3 certification, GM's proprietary specification, and earning that mark is not free — manufacturers must put their formulation through GM's independent testing protocol and obtain a license from the automaker, paying separately for each product and each unit sold, according to The Auto Wire. Layered on top of that is an industry-wide burden: when the API SP category took effect around 2020, it introduced seven additional laboratory tests with no equivalent in the previous standard, among them a procedure targeting low-speed pre-ignition, the knock-like detonation problem **** ociated with modern turbocharged, direct-injection engines.
The supply squeeze is unfolding against a backdrop of a worsening global oil deficit. The International Energy Agency cut its 2026 global oil supply forecast to 102 million barrels per day in August, projecting a deficit of 1.8 million barrels per day in the third quarter — more than double its prior estimate. **** ulative global inventory draws since the start of the U.S.-Iran conflict have reached more than 500 million barrels, and Chevron CEO Mike Wirth said last week that the cushions that had softened earlier price increases have been exhausted. U.S. diesel prices crossed $6 per gallon for the first time, sitting at $6.06 as of Monday, an 8-cent increase from Sunday and 21 cents above week-earlier levels, according to AAA.
#barrels #wire
That 10-quart case — two 5-quart bottles, enough for a typical V6 or V8 oil change — has jumped to $57.99, compared with the roughly $30 price members had grown accustomed to paying, according to The Drive. Stores are capping purchases at two units per customer per week. The retailer has also imposed a five-per-member limit on Mobil 1, with six quarts of that brand running $44.
The rationing reflects pressure from multiple directions. The connection to fuel prices runs through the refinery: base oil shares its crude-oil origins with gasoline and diesel, so when margins on finished fuel are strong, refiners have a financial reason to favor fuel production over lubricant stock, according to The Auto Wire. EIA data showed the gasoline crack spread sitting roughly a dollar per gallon higher than where it stood at the same point in 2025, a gap that has squeezed base oil availability and pushed its price upward.
Regulatory and licensing costs add a separate layer of expense. The Kirkland 5W-30 displays the dexos1 Gen 3 certification, GM's proprietary specification, and earning that mark is not free — manufacturers must put their formulation through GM's independent testing protocol and obtain a license from the automaker, paying separately for each product and each unit sold, according to The Auto Wire. Layered on top of that is an industry-wide burden: when the API SP category took effect around 2020, it introduced seven additional laboratory tests with no equivalent in the previous standard, among them a procedure targeting low-speed pre-ignition, the knock-like detonation problem **** ociated with modern turbocharged, direct-injection engines.
The supply squeeze is unfolding against a backdrop of a worsening global oil deficit. The International Energy Agency cut its 2026 global oil supply forecast to 102 million barrels per day in August, projecting a deficit of 1.8 million barrels per day in the third quarter — more than double its prior estimate. **** ulative global inventory draws since the start of the U.S.-Iran conflict have reached more than 500 million barrels, and Chevron CEO Mike Wirth said last week that the cushions that had softened earlier price increases have been exhausted. U.S. diesel prices crossed $6 per gallon for the first time, sitting at $6.06 as of Monday, an 8-cent increase from Sunday and 21 cents above week-earlier levels, according to AAA.
#barrels #wire
8 hours ago
Futures for the Dow Jones Industrial Average and the other major stock indexes traded lower Monday as oil prices surged amid the U.S.-Iran conflict. The Nasdaq took the brunt of the pain as Nvidia (NVDA) and other artificial intelligence stocks sold off on the stock market today after industry leaders urged a slowdown in AI model development.
Ahead of Monday's open, Dow futures dropped 0.4% while S&P 500 futures fell 0.7%. Nasdaq-100 futures tumbled 1.7% in early morning trading.
West Texas Intermediate crude futures advanced more than 4%, to roughly $104.40 a barrel after Saudi Arabia closed a key pipeline that bypasses the Strait of Hormuz. The 10-year Treasury yield edged higher to 4.98%. Also, bitcoin rose to roughly $77,600.
Among exchange traded funds, the Invesco QQQ (QQQ) was down 1.8%, as the State Street SPDR S&P 500 (SPY) fell 0.7% before Monday's opening bell.
Four Reasons To Put This Nvidia, AMD Partner On Your Watchlist Right Now
#jones
Ahead of Monday's open, Dow futures dropped 0.4% while S&P 500 futures fell 0.7%. Nasdaq-100 futures tumbled 1.7% in early morning trading.
West Texas Intermediate crude futures advanced more than 4%, to roughly $104.40 a barrel after Saudi Arabia closed a key pipeline that bypasses the Strait of Hormuz. The 10-year Treasury yield edged higher to 4.98%. Also, bitcoin rose to roughly $77,600.
Among exchange traded funds, the Invesco QQQ (QQQ) was down 1.8%, as the State Street SPDR S&P 500 (SPY) fell 0.7% before Monday's opening bell.
Four Reasons To Put This Nvidia, AMD Partner On Your Watchlist Right Now
#jones
9 hours ago
DUBAI, Sept 14 (Reuters) - Abu Dhabi's Etihad Airways said on Monday that its passenger-carrying capacity is running above year-earlier levels as Gulf carriers rebound from disruption caused by the Iran war, with strong demand expected heading into the winter travel season, its chief executive told Reuters.
"We are back on track," CEO Antonoaldo Neves said in an interview, noting that current Available Seat Kilometres - the industry's standard measure of passenger-carrying capacity - was currently 15 to 17% higher than a year ago.
"Flights are full, full, full," he said, adding that load factor, which measures how well an airline is filling available seats, was at 92% in August while the airline is targeting an 87% plus load factor for the remainder of the year.
The Iran war affected travel earlier this year, pushing fuel prices higher and disrupting flights in the Middle East and beyond. Middle Eastern carriers, some of the world's biggest, have seen their networks upended by the conflict, but have gradually resumed their activity.
(Reporting by Federico Maccioni, Editing by Louise Heavens)
#reuters #middle
"We are back on track," CEO Antonoaldo Neves said in an interview, noting that current Available Seat Kilometres - the industry's standard measure of passenger-carrying capacity - was currently 15 to 17% higher than a year ago.
"Flights are full, full, full," he said, adding that load factor, which measures how well an airline is filling available seats, was at 92% in August while the airline is targeting an 87% plus load factor for the remainder of the year.
The Iran war affected travel earlier this year, pushing fuel prices higher and disrupting flights in the Middle East and beyond. Middle Eastern carriers, some of the world's biggest, have seen their networks upended by the conflict, but have gradually resumed their activity.
(Reporting by Federico Maccioni, Editing by Louise Heavens)
#reuters #middle
9 hours ago
Catherine Zeta-Jones is not a fan of the label "nepo baby." In fact, she loathes it.
The Oscar-winning actress branded the term "horrific" in an interview with The Times of Britain, saying that her children Dylan, 26, and Carys, 23 – whom she shares with husband Michael Douglas – are working hard to carve out their own paths in the entertainment industry, despite having globally famous parents.
"It's hard for them to forge a way forward on their own," the 56-year-old told the newspaper, as she attempted to defend their respective acting careers, noting that they were both "plugging away."
"This horrific phrase 'nepo baby' is horrible because these kids didn't ask to be born into this, they're finding their own way in life," she said. Son Dylan is pursuing a career in acting, while daughter Carys is an aspiring director.
The buzzword "nepo baby" is short for nepotism, the practice of favoring friends and family members for job roles. The label has long sparked debate in Hollywood and beyond, with some angrily calling out the offspring of famous celebrities, claiming they have been handed their careers on a platter and that they are undeserving of fame and fortune.
#label #horrific #hard #acting
The Oscar-winning actress branded the term "horrific" in an interview with The Times of Britain, saying that her children Dylan, 26, and Carys, 23 – whom she shares with husband Michael Douglas – are working hard to carve out their own paths in the entertainment industry, despite having globally famous parents.
"It's hard for them to forge a way forward on their own," the 56-year-old told the newspaper, as she attempted to defend their respective acting careers, noting that they were both "plugging away."
"This horrific phrase 'nepo baby' is horrible because these kids didn't ask to be born into this, they're finding their own way in life," she said. Son Dylan is pursuing a career in acting, while daughter Carys is an aspiring director.
The buzzword "nepo baby" is short for nepotism, the practice of favoring friends and family members for job roles. The label has long sparked debate in Hollywood and beyond, with some angrily calling out the offspring of famous celebrities, claiming they have been handed their careers on a platter and that they are undeserving of fame and fortune.
#label #horrific #hard #acting
9 hours ago
US stock futures sank on Monday morning after the two leading frontier artificial intelligence companies called for an industrywide slowdown of AI development, sending tech stocks tumbling. Rising oil prices and an upcoming Fed meeting this week also put pressure on stocks.
Futures on the tech-heavy Nasdaq-100 (NQ=F) fell 1.5%, led by losses in chip stocks, including Nvidia (NVDA). Futures on the Dow Jones Industrial Average (YM=F) fell 0.3%, while those on the S&P 500 (ES=F) declined by 0.6%. In Asia, shares of memory chip makers SK Hynix (SKHY) and Samsung (005930.KS) dropped.
Tech stocks were poised to fall after Anthropic (ANTH.PVT) CEO Dario Amodei wrote a 3,800-word essay over the weekend, arguing that AI companies should slow the pace of improving AI models in order to address safety concerns. Sam Altman, the CEO of rival AI lab OpenAI (OPAI.PVT), agreed in a post on X, putting the two AI companies at odds with Wall Street, which has banked on a brisk pace of improvement.
Worries about AI safety also led OpenAI to delay its initial public offering until 2027, Altman told Fortune. Anthropic still plans to list in the fall and has reportedly chosen the Nasdaq for its highly anticipated IPO.
Oil prices, meanwhile, continued to climb after Saudi Arabia shut down a key pipeline in the Middle East and as the war in the Middle East spread. Brent crude (BZ=F) traded near $108 per barrel.
#stocks #NASDAQ #openai
Futures on the tech-heavy Nasdaq-100 (NQ=F) fell 1.5%, led by losses in chip stocks, including Nvidia (NVDA). Futures on the Dow Jones Industrial Average (YM=F) fell 0.3%, while those on the S&P 500 (ES=F) declined by 0.6%. In Asia, shares of memory chip makers SK Hynix (SKHY) and Samsung (005930.KS) dropped.
Tech stocks were poised to fall after Anthropic (ANTH.PVT) CEO Dario Amodei wrote a 3,800-word essay over the weekend, arguing that AI companies should slow the pace of improving AI models in order to address safety concerns. Sam Altman, the CEO of rival AI lab OpenAI (OPAI.PVT), agreed in a post on X, putting the two AI companies at odds with Wall Street, which has banked on a brisk pace of improvement.
Worries about AI safety also led OpenAI to delay its initial public offering until 2027, Altman told Fortune. Anthropic still plans to list in the fall and has reportedly chosen the Nasdaq for its highly anticipated IPO.
Oil prices, meanwhile, continued to climb after Saudi Arabia shut down a key pipeline in the Middle East and as the war in the Middle East spread. Brent crude (BZ=F) traded near $108 per barrel.
#stocks #NASDAQ #openai
9 hours ago
By Bo Erickson and Padraic Halpin
DOONBEG, Ireland, Sept 13 (Reuters) - U.S. President Donald Trump said on Sunday a lot of "very negative forces" are bringing things up about AI that won't happen and said that he wanted to make sure that the United States remains the industry leader.
"We're leading China in AI. We're the most sophisticated country in the world, and frankly I want to keep it that way because whoever wins AI wins," Trump, at his Ireland golf course, told reporters when asked if the AI industry should slow down or be more regulated.
"We could put guardrails. We can do this and that. But I think you have a lot of very negative forces that are bringing it up that shouldn't be bringing it up and they're bringing up things that won't happen."
Trump has resisted stirring concerns about AI.
#we 're #things
DOONBEG, Ireland, Sept 13 (Reuters) - U.S. President Donald Trump said on Sunday a lot of "very negative forces" are bringing things up about AI that won't happen and said that he wanted to make sure that the United States remains the industry leader.
"We're leading China in AI. We're the most sophisticated country in the world, and frankly I want to keep it that way because whoever wins AI wins," Trump, at his Ireland golf course, told reporters when asked if the AI industry should slow down or be more regulated.
"We could put guardrails. We can do this and that. But I think you have a lot of very negative forces that are bringing it up that shouldn't be bringing it up and they're bringing up things that won't happen."
Trump has resisted stirring concerns about AI.
#we 're #things
2 days ago
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Angel investor and All-In Podcast host Jason Calacanis warned that allowing Chinese electric vehicles into the U.S. could devastate domestic automakers even as their low prices attract consumers, reacting to Sen. Elissa Slotkin's (D-Mich.) claim that President Donald Trump could loosen barriers as part of a China deal.
"This would be the end of the US automotive industry — but consumers will love to buy these cars," Calacanis wrote in an X post on Wednesday. He added, "Everywhere I go, from the Middle East to Europe to Mexico, the streets and Uber fleets are filled with dirt-cheap Chinese EVs," calling such U.S. access "a disaster."
This would be the end of the US automotive industry — but consumers will love to buy these cars
But…. You'll probably die in one since they're not very safe
Everywhere I go, from the Middle East to Europe to Mexico, the streets and uber fleets are filled with dirt cheap… https://t.co/LGUwforT6a
— jason (Jason) September 10, 2026
#calacanis #chinese #Europe #uber
Angel investor and All-In Podcast host Jason Calacanis warned that allowing Chinese electric vehicles into the U.S. could devastate domestic automakers even as their low prices attract consumers, reacting to Sen. Elissa Slotkin's (D-Mich.) claim that President Donald Trump could loosen barriers as part of a China deal.
"This would be the end of the US automotive industry — but consumers will love to buy these cars," Calacanis wrote in an X post on Wednesday. He added, "Everywhere I go, from the Middle East to Europe to Mexico, the streets and Uber fleets are filled with dirt-cheap Chinese EVs," calling such U.S. access "a disaster."
This would be the end of the US automotive industry — but consumers will love to buy these cars
But…. You'll probably die in one since they're not very safe
Everywhere I go, from the Middle East to Europe to Mexico, the streets and uber fleets are filled with dirt cheap… https://t.co/LGUwforT6a
— jason (Jason) September 10, 2026
#calacanis #chinese #Europe #uber
2 days ago
Fundstrat's Tom Lee took the Future Proof Citywide stage earlier this year with CNBC's Scott Wapner for a session that landed in the middle of a jittery tape that included geopolitical conflict, oil spiking, private credit cracking, and fresh doubts about AI spending. Not too far off where we find ourselves currently, but with an awful lot of volatility and shifting, uncertain outlooks between these six months. While their conversation was a snapshot in time, you can expect more of this kind of sharp, thoughtful ****** ysis next week.
The contrarian take of the session was oil. High crude, Lee argued, is actually constructive for U.S. equities. With the U.S. as a net exporter, our economic competitors are importers, and stalled global growth pushes investors toward growth stocks, which is about 80% of the U.S. market. On AI CapEx, he pushed back on the sticker shock, claiming roughly $700 billion a year is a fraction of the $60 trillion global labor market and small change against daily moves in gold.
Lee also made the case that software had bottomed at the time, that enterprises building their own tools inherit the maintenance burden software companies exist to carry, and that private credit is genuinely bad but not a GFC repeat, with the real fix being taking private companies public rather than pushing private product into retail portfolios. On crypto, his argument shifted from a perspective of digital gold to one of plumbing whereby Wall Street tokenizes ****** ets, and AI agents needing a settlement rail that handles fractions of a penny.
His parting advice was the oldest one in the book, dressed in new clothes: miss the 10 best days of each year and a 16% average return goes to roughly nothing. Danger and opportunity show up together. Staying invested is the perpetual drumbeat of advisors to their clients, but one that needs banging louder when markets feel much less certain.
Future Proof Festival is September 14–17 in Huntington Beach and includes four days on the boardwalk with advisors, ****** et managers, and fintechs building the modern wealth management industry. Find us at the ETF Oasis and don't miss the stellar agenda we've got lined up.
#find #session #credit #time
The contrarian take of the session was oil. High crude, Lee argued, is actually constructive for U.S. equities. With the U.S. as a net exporter, our economic competitors are importers, and stalled global growth pushes investors toward growth stocks, which is about 80% of the U.S. market. On AI CapEx, he pushed back on the sticker shock, claiming roughly $700 billion a year is a fraction of the $60 trillion global labor market and small change against daily moves in gold.
Lee also made the case that software had bottomed at the time, that enterprises building their own tools inherit the maintenance burden software companies exist to carry, and that private credit is genuinely bad but not a GFC repeat, with the real fix being taking private companies public rather than pushing private product into retail portfolios. On crypto, his argument shifted from a perspective of digital gold to one of plumbing whereby Wall Street tokenizes ****** ets, and AI agents needing a settlement rail that handles fractions of a penny.
His parting advice was the oldest one in the book, dressed in new clothes: miss the 10 best days of each year and a 16% average return goes to roughly nothing. Danger and opportunity show up together. Staying invested is the perpetual drumbeat of advisors to their clients, but one that needs banging louder when markets feel much less certain.
Future Proof Festival is September 14–17 in Huntington Beach and includes four days on the boardwalk with advisors, ****** et managers, and fintechs building the modern wealth management industry. Find us at the ETF Oasis and don't miss the stellar agenda we've got lined up.
#find #session #credit #time
2 days ago
Solaris Energy Infrastructure, Inc. (NYSE:SEI), traditionally known as an oil and gas field services and solutions company, has been increasingly shifting toward the data center market. On September 8, the company provided an update to its guidance ranges, which suggests that this shift is working.
The company lifted its adjusted EBITDA guidance for the third and fourth quarters of 2026 and provided its initial outlook for the first quarter of 2027. The company said that the updated expectations reflect stronger contributions from its core power services business, along with better-than-expected performance from recently acquired businesses. Solaris Energy Infrastructure, Inc. (NYSE:SEI) now expects Q3 2026 adjusted EBITDA of $110 million to $130 million, up from its previous range of $90 million to $105 million. At the midpoint, that represents a 23% increase.
For Q4 2026, the company raised its guidance to $145 million to $180 million from $100 million to $120 million, a 48% increase at the midpoint. The company also provided initial Q1 2027 adjusted EBITDA guidance of $200 million to $240 million.
Investors responded positively to the update as the stock rallied following the announcement. Solaris Energy Infrastructure, Inc. (NYSE:SEI) has returned about 150% over the past 12 months. As of September 8, the stock was up more than 25% year to date, compared with a 12% gain for the S&P 500.
The guidance update follows the company's September 2 announcement of its acquisition of Omega Foundation Services, a leader in the specialized engineering, procurement and construction industry with expertise in heavy civil construction across several end markets, including large-scale data centers.
#energy #Services
The company lifted its adjusted EBITDA guidance for the third and fourth quarters of 2026 and provided its initial outlook for the first quarter of 2027. The company said that the updated expectations reflect stronger contributions from its core power services business, along with better-than-expected performance from recently acquired businesses. Solaris Energy Infrastructure, Inc. (NYSE:SEI) now expects Q3 2026 adjusted EBITDA of $110 million to $130 million, up from its previous range of $90 million to $105 million. At the midpoint, that represents a 23% increase.
For Q4 2026, the company raised its guidance to $145 million to $180 million from $100 million to $120 million, a 48% increase at the midpoint. The company also provided initial Q1 2027 adjusted EBITDA guidance of $200 million to $240 million.
Investors responded positively to the update as the stock rallied following the announcement. Solaris Energy Infrastructure, Inc. (NYSE:SEI) has returned about 150% over the past 12 months. As of September 8, the stock was up more than 25% year to date, compared with a 12% gain for the S&P 500.
The guidance update follows the company's September 2 announcement of its acquisition of Omega Foundation Services, a leader in the specialized engineering, procurement and construction industry with expertise in heavy civil construction across several end markets, including large-scale data centers.
#energy #Services
2 days ago
Interested in Lam Research Corporation? Here are five stocks we like better.
Lam Research raised its 2026 wafer-fabrication equipment spending outlook to the low-$150 billion range from $135 billion-$140 billion, driven by sustained AI demand and expectations for eight to 10 new leading-edge fabs through 2027.
AI hardware is increasing equipment intensity, while advanced chip designs and packaging are expanding Lam's addressable market. The company cited growing opportunities in gate-all-around transistors, backside power delivery, advanced packaging and dry-resist technology.
Lam is accelerating capacity expansion, including a second Malaysia facility, as clean-room availability and supply-chain capacity constrain the industry. The company also expects NAND upgrades to accelerate, while targeting mid-50% gross margins and reporting record customer-support revenue.
From High Dividend Growth to High Yield, These 3 Stocks Just Boosted Dividend Payouts
#billion #Research #equipment #advanced
Lam Research raised its 2026 wafer-fabrication equipment spending outlook to the low-$150 billion range from $135 billion-$140 billion, driven by sustained AI demand and expectations for eight to 10 new leading-edge fabs through 2027.
AI hardware is increasing equipment intensity, while advanced chip designs and packaging are expanding Lam's addressable market. The company cited growing opportunities in gate-all-around transistors, backside power delivery, advanced packaging and dry-resist technology.
Lam is accelerating capacity expansion, including a second Malaysia facility, as clean-room availability and supply-chain capacity constrain the industry. The company also expects NAND upgrades to accelerate, while targeting mid-50% gross margins and reporting record customer-support revenue.
From High Dividend Growth to High Yield, These 3 Stocks Just Boosted Dividend Payouts
#billion #Research #equipment #advanced
2 days ago
Affordability in a car market usually looks like a math problem. Every so often it turns out to be a permission problem.
Americans have spent four years watching window stickers climb and calling it inflation. The average new vehicle sold for $50,089 in August, the first month of 2026 that the industry average cleared $50,000, according to Kelley Blue Book.
Buyers feel it without reading the data.
"Many American households are under significant financial pressure," said Erin Keating, executive ***** yst at ***** Automotive, in comments published by Kelley Blue Book.
Electric cars sit higher up the ladder. The cheapest new EV on sale in the U.S. starts at $29,990 before destination, a price Nissan (NSANY) called "the lowest starting MSRP for any new EV currently on sale in the U.S.," according to Electrek.
#according
Americans have spent four years watching window stickers climb and calling it inflation. The average new vehicle sold for $50,089 in August, the first month of 2026 that the industry average cleared $50,000, according to Kelley Blue Book.
Buyers feel it without reading the data.
"Many American households are under significant financial pressure," said Erin Keating, executive ***** yst at ***** Automotive, in comments published by Kelley Blue Book.
Electric cars sit higher up the ladder. The cheapest new EV on sale in the U.S. starts at $29,990 before destination, a price Nissan (NSANY) called "the lowest starting MSRP for any new EV currently on sale in the U.S.," according to Electrek.
#according
