1 hr. ago
Autonomous trucking developer Aurora Innovation (NASDAQ: AUR) reported a second-quarter net loss of $270 million on $2 million in revenue Wednesday. Executives restated the driverless truck rates behind the two business models the company is selling to carriers and shippers.
Chief Financial Officer David Maday said Aurora's transportation-as-a-service offering carries a per-mile revenue outlook in the $2-plus-per-mile range, while its driver-as-a-service subscription targets $0.85+ per mile. Maday said the company had put both figures out previously. Aurora plans to begin moving customers from the first model to the second in 2027.
The gap between those two numbers is the practical question for any fleet weighing autonomous capacity. Under TaaS, Aurora holds a U.S. Department of Transportation operating authority, controls the truck, carries the insurance, and bills a full-service rate. Under DaaS, according to the company's Form 10-Q, customers "acquire, manage, and maintain fleets directly, while subscribing to the Aurora Driver and a suite of related services."
Aurora's loss amounted to 14 cents a share, wider than the 12-cent average of ****** ysts' estimates. Revenue rose 100% from $1 million a year earlier, which the company attributed in its Form 10-Q to increased utilization, geographical expansion, and higher fuel surcharges.
"Obviously the TaaS deals have a higher per mile revenue outlook because it's the full service," Maday said. "As we've said before, kind of in that $2 plus range, whereas DaaS is targeting the $0.85 plus. There's a substantial difference in TaaS versus DaaS on a revenue side, but there's also a substantial difference on the cost side and on the margin side."
#taas #plus
Chief Financial Officer David Maday said Aurora's transportation-as-a-service offering carries a per-mile revenue outlook in the $2-plus-per-mile range, while its driver-as-a-service subscription targets $0.85+ per mile. Maday said the company had put both figures out previously. Aurora plans to begin moving customers from the first model to the second in 2027.
The gap between those two numbers is the practical question for any fleet weighing autonomous capacity. Under TaaS, Aurora holds a U.S. Department of Transportation operating authority, controls the truck, carries the insurance, and bills a full-service rate. Under DaaS, according to the company's Form 10-Q, customers "acquire, manage, and maintain fleets directly, while subscribing to the Aurora Driver and a suite of related services."
Aurora's loss amounted to 14 cents a share, wider than the 12-cent average of ****** ysts' estimates. Revenue rose 100% from $1 million a year earlier, which the company attributed in its Form 10-Q to increased utilization, geographical expansion, and higher fuel surcharges.
"Obviously the TaaS deals have a higher per mile revenue outlook because it's the full service," Maday said. "As we've said before, kind of in that $2 plus range, whereas DaaS is targeting the $0.85 plus. There's a substantial difference in TaaS versus DaaS on a revenue side, but there's also a substantial difference on the cost side and on the margin side."
#taas #plus
1 hr. ago
A finance employee at the global design firm Arup transferred $25.6 million in a deepfake fraud after joining a video call with synthetic versions of senior executives. The faces looked real. The voices sounded real. The instructions were false.
That was not an isolated warning. Starbucks quietly retired an AI inventory system only nine months after deployment after baristas reported that it miscounted products and slowed their work. Deloitte's Australian member firm agreed to partially refund the government for a $290,000 AI-assisted report that included nonexistent academic sources and a fabricated court quotation. Different industries. Different technologies. The same failure: people could not trust the output, the identity, or the system.
Trust is becoming a form of economic infrastructure. Companies that cannot engineer it will move slower, spend more, and lose markets. When trust is strong, capital moves, partnerships form, and companies scale. When it breaks, transactions slow, compliance and insurance costs rise, and leaders retreat from risk.
Trust is not blind faith. It is earned confidence that facts are real, identities are authentic, systems are secure, contracts will be honored, and someone will be accountable when things go wrong. In business terms, trust reduces friction. In strategic terms, it creates speed.
As America marks its 250th anniversary, we should remember that trust was not a side note to the founding. It was the bet. In my first three essays in this Freedom & Enterprise series, I described the Declaration of Independence as America's first founding bet, the system it created as one that let people build free, and the freedom to fail as one of our greatest competitive advantages. Beneath all three is a more fundamental principle: America trusted free people to govern themselves, take risks, honor commitments, and build institutions strong enough to survive disagreement.
#trust #different #America #freedom
That was not an isolated warning. Starbucks quietly retired an AI inventory system only nine months after deployment after baristas reported that it miscounted products and slowed their work. Deloitte's Australian member firm agreed to partially refund the government for a $290,000 AI-assisted report that included nonexistent academic sources and a fabricated court quotation. Different industries. Different technologies. The same failure: people could not trust the output, the identity, or the system.
Trust is becoming a form of economic infrastructure. Companies that cannot engineer it will move slower, spend more, and lose markets. When trust is strong, capital moves, partnerships form, and companies scale. When it breaks, transactions slow, compliance and insurance costs rise, and leaders retreat from risk.
Trust is not blind faith. It is earned confidence that facts are real, identities are authentic, systems are secure, contracts will be honored, and someone will be accountable when things go wrong. In business terms, trust reduces friction. In strategic terms, it creates speed.
As America marks its 250th anniversary, we should remember that trust was not a side note to the founding. It was the bet. In my first three essays in this Freedom & Enterprise series, I described the Declaration of Independence as America's first founding bet, the system it created as one that let people build free, and the freedom to fail as one of our greatest competitive advantages. Beneath all three is a more fundamental principle: America trusted free people to govern themselves, take risks, honor commitments, and build institutions strong enough to survive disagreement.
#trust #different #America #freedom
3 hours ago
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American retirees are looking back on their retirement savings experience and, in big numbers, are expressing deep regrets over not saving enough cash for their post-working years.
That's the conclusion from a new Teachers Insurance and Annuity ****** ociation of America (TIAA) study.
TIAA found that 76% of American retirees regret not starting to save earlier in their lives, while nearly the same amount (71%) wish they'd put away more money overall (1). The report also cited a "striking gap" between retirement and reality, and that variable can bring severe savings shortages to the table. Regrets were particularly common among younger retirees, with the average study respondent saying they left the workforce at age 57.
Future retirees, on the other hand, don't expect to retire until 62.
#retirees #american #finance
American retirees are looking back on their retirement savings experience and, in big numbers, are expressing deep regrets over not saving enough cash for their post-working years.
That's the conclusion from a new Teachers Insurance and Annuity ****** ociation of America (TIAA) study.
TIAA found that 76% of American retirees regret not starting to save earlier in their lives, while nearly the same amount (71%) wish they'd put away more money overall (1). The report also cited a "striking gap" between retirement and reality, and that variable can bring severe savings shortages to the table. Regrets were particularly common among younger retirees, with the average study respondent saying they left the workforce at age 57.
Future retirees, on the other hand, don't expect to retire until 62.
#retirees #american #finance
12 hours ago
It's always good to have a backup plan, but having a backup outfit can truly prepare you for anything.
When Princess Diana walked down the aisle on July 29, 1981, the world saw one of the most iconic wedding gowns in history. What no one knew was that another dress was waiting behind the scenes just in case disaster struck.
Designed by husband-and-wife duo David and Elizabeth Emanuel, the secret gown was created as an insurance policy while the now-famous wedding dress was being finished. "I was a bit neurotic," Elizabeth Emanuel previously told PEOPLE. "I thought, 'What happens if somebody breaks in and steals the dress or something spills or there's a fire?' So I thought, 'I'm going to make a backup dress.'"
Unlike Diana's legendary ivory silk taffeta dress with its record-breaking 25-foot train, the spare design was noticeably different. It featured slimmer sleeves, white silk instead of ivory, and a much shorter train. It also was never fully completed because, fortunately, it was never needed.
Perhaps the biggest surprise? Diana had no idea it even existed. According to Emanuel, she and David intentionally kept the project a secret so they wouldn't add unnecessary stress to the bride ahead of one of the most watched weddings in history.
#emanuel #elizabeth #history #secret
When Princess Diana walked down the aisle on July 29, 1981, the world saw one of the most iconic wedding gowns in history. What no one knew was that another dress was waiting behind the scenes just in case disaster struck.
Designed by husband-and-wife duo David and Elizabeth Emanuel, the secret gown was created as an insurance policy while the now-famous wedding dress was being finished. "I was a bit neurotic," Elizabeth Emanuel previously told PEOPLE. "I thought, 'What happens if somebody breaks in and steals the dress or something spills or there's a fire?' So I thought, 'I'm going to make a backup dress.'"
Unlike Diana's legendary ivory silk taffeta dress with its record-breaking 25-foot train, the spare design was noticeably different. It featured slimmer sleeves, white silk instead of ivory, and a much shorter train. It also was never fully completed because, fortunately, it was never needed.
Perhaps the biggest surprise? Diana had no idea it even existed. According to Emanuel, she and David intentionally kept the project a secret so they wouldn't add unnecessary stress to the bride ahead of one of the most watched weddings in history.
#emanuel #elizabeth #history #secret
17 hours ago
Were it not for Brian Rolapp's disinclination to even mention LIV Golf, you'd be forgiven for thinking the PGA Tour's CEO had spent the past week trolling his opposite number with a carpet bombing campaign of upbeat commercial announcements.
On Monday, the Tour said that Sompo, an insurance company, will sponsor an event next season and an elite Championship Series tournament starting in 2028. On Tuesday, it was confirmed that Travelers will level up to the same tier. Wednesday brought news that Sentry will underwrite another of the silk-stocking stops. On Thursday, the Arnold Palmer Invitational presented by Mastercard was added to the public list of tournaments comprising the Tour's premier schedule. (Friday was seemingly a day of rest for sales and marketing folks at the GloHo.) Each announced tournament has a $20 million purse, though total fees incurred by sponsors run closer to $30 million.
By comparison, LIV Golf's CEO, Scott O'Neil was silent since he had no good news to share and presumably little enthusiasm for addressing damaging speculation swirling around his business. One claim — amplified by his own players — is that the team finale scheduled for August 27 to 30 in Michigan will be canceled. Then came a cautionary rumor that it might happen after all, despite no build-out having commenced at the venue. A report followed that LIV is on the cusp of signing investors to keep it afloat into 2027, an infusion pegged at $250-$300 million, or about a quarter of what the Saudis have been torching annually for the past few years. Lastly, there was renewed anticipation of a bankruptcy filing as a step toward realigning the league's financial obligations.
No wonder the PGA Tour was so eager to position itself as surging in the right direction just as its antagonist is battling the narrative that it's in a death spiral. Whether both circuits remain on their respective trajectories is another matter.
Rolapp clearly has traction with sponsors to finance the Championship Series of a restructured PGA Tour, though it's possible some incumbents were offered a friends-and-family discount rather than asked for the full $30 million.
#past #tournament #though #brian
On Monday, the Tour said that Sompo, an insurance company, will sponsor an event next season and an elite Championship Series tournament starting in 2028. On Tuesday, it was confirmed that Travelers will level up to the same tier. Wednesday brought news that Sentry will underwrite another of the silk-stocking stops. On Thursday, the Arnold Palmer Invitational presented by Mastercard was added to the public list of tournaments comprising the Tour's premier schedule. (Friday was seemingly a day of rest for sales and marketing folks at the GloHo.) Each announced tournament has a $20 million purse, though total fees incurred by sponsors run closer to $30 million.
By comparison, LIV Golf's CEO, Scott O'Neil was silent since he had no good news to share and presumably little enthusiasm for addressing damaging speculation swirling around his business. One claim — amplified by his own players — is that the team finale scheduled for August 27 to 30 in Michigan will be canceled. Then came a cautionary rumor that it might happen after all, despite no build-out having commenced at the venue. A report followed that LIV is on the cusp of signing investors to keep it afloat into 2027, an infusion pegged at $250-$300 million, or about a quarter of what the Saudis have been torching annually for the past few years. Lastly, there was renewed anticipation of a bankruptcy filing as a step toward realigning the league's financial obligations.
No wonder the PGA Tour was so eager to position itself as surging in the right direction just as its antagonist is battling the narrative that it's in a death spiral. Whether both circuits remain on their respective trajectories is another matter.
Rolapp clearly has traction with sponsors to finance the Championship Series of a restructured PGA Tour, though it's possible some incumbents were offered a friends-and-family discount rather than asked for the full $30 million.
#past #tournament #though #brian
18 hours ago
Medicare has excluded routine dental since 1965, and a single implant now costs $4,500, which is enough to wipe out an entire year's Social Security COLA increase.
Medicare Advantage dental riders and standalone plans both cap annual benefits somewhere between $1,000 and $2,000, leaving $3,000 or more uncovered on a single implant.
Dental schools perform implants at prices 30 to 50 percent below what private practices charge, making them the highest-leverage option for a procedure Medicare will never cover.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
A 68-year-old on Original Medicare walks out of her dentist's office with a treatment plan for a single implant. The estimate: $4,500. She calls 1-800-MEDICARE to confirm coverage and receives the answer she hoped was wrong. Original Medicare will pay zero. The estimate is not her coinsurance. It is her bill.
#medicare #single
Medicare Advantage dental riders and standalone plans both cap annual benefits somewhere between $1,000 and $2,000, leaving $3,000 or more uncovered on a single implant.
Dental schools perform implants at prices 30 to 50 percent below what private practices charge, making them the highest-leverage option for a procedure Medicare will never cover.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
A 68-year-old on Original Medicare walks out of her dentist's office with a treatment plan for a single implant. The estimate: $4,500. She calls 1-800-MEDICARE to confirm coverage and receives the answer she hoped was wrong. Original Medicare will pay zero. The estimate is not her coinsurance. It is her bill.
#medicare #single
23 hours ago
Medicare Advantage enrollment is easy, but switching back requires medical underwriting that a stent, GLP-1 prescription, or high blood pressure can permanently block.
Federal law gives Medigap applicants one guaranteed-issue window: six months starting at 65 with Part B enrollment; after that, carriers can legally deny you.
Original Medicare without a supplement carries a $1,736 per-benefit-period hospital deductible and unlimited 20% Part B coinsurance with no annual out-of-pocket cap.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
A 71-year-old Florida widow had spent two years fighting her Medicare Advantage plan over a cardiology referral. She finally decided she was done. A broker helped her choose Medigap Plan G and start the application. Then the insurer saw the stent placed in 2023 and declined her. Other carriers followed. She was allowed to leave Medicare Advantage. Buying the coverage she wanted on the other side was the problem.
#medicare #advantage #medigap #stent
Federal law gives Medigap applicants one guaranteed-issue window: six months starting at 65 with Part B enrollment; after that, carriers can legally deny you.
Original Medicare without a supplement carries a $1,736 per-benefit-period hospital deductible and unlimited 20% Part B coinsurance with no annual out-of-pocket cap.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
A 71-year-old Florida widow had spent two years fighting her Medicare Advantage plan over a cardiology referral. She finally decided she was done. A broker helped her choose Medigap Plan G and start the application. Then the insurer saw the stent placed in 2023 and declined her. Other carriers followed. She was allowed to leave Medicare Advantage. Buying the coverage she wanted on the other side was the problem.
#medicare #advantage #medigap #stent
2 days ago
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Wondering how to get cheap life insurance? It may be easier than you think. A new study by LIMRA found that adults under age 30 overestimate the cost of life insurance by 10 to 12 times more than it actually costs.
The reality is, some healthy adults could get affordable life insurance for about what they'd spend on a streaming subscription each month. The trick lies in buying coverage while you're young, choosing term life insurance over permanent coverage when appropriate, and comparing quotes from several insurers before making a decision.
For most people, cheap life insurance comes down to a policy you can comfortably afford. And the amount you can comfortably afford might look different from your friend, coworker, or neighbor.
Affordable life insurance also comes down to you getting a good price for the coverage you actually need. For example, a $500,000 policy will almost always cost less than a $1 million policy. But if your family would need far more than $500,000 to replace your income, pay off a mortgage, or cover future expenses, choosing the lowest premium could leave them financially vulnerable.
#insurance #coverage
Wondering how to get cheap life insurance? It may be easier than you think. A new study by LIMRA found that adults under age 30 overestimate the cost of life insurance by 10 to 12 times more than it actually costs.
The reality is, some healthy adults could get affordable life insurance for about what they'd spend on a streaming subscription each month. The trick lies in buying coverage while you're young, choosing term life insurance over permanent coverage when appropriate, and comparing quotes from several insurers before making a decision.
For most people, cheap life insurance comes down to a policy you can comfortably afford. And the amount you can comfortably afford might look different from your friend, coworker, or neighbor.
Affordable life insurance also comes down to you getting a good price for the coverage you actually need. For example, a $500,000 policy will almost always cost less than a $1 million policy. But if your family would need far more than $500,000 to replace your income, pay off a mortgage, or cover future expenses, choosing the lowest premium could leave them financially vulnerable.
#insurance #coverage
2 days ago
The San Francisco 49ers are reuniting with Deebo Samuel. The team signed him to a one-year on Thursday, adding a proven NFL wideout to its wide receiver-needy roster.
He spent the first six seasons of his pro career with San Francisco he was traded to the Washington Commanders in March 2025. Samuel enjoyed his best season in 2021, recording 77 receptions for 1,405 yards and six touchdowns. He also recorded 365 yards on the ground and eight scores. Samuel's strong performances earned him first-team All-Pro and Pro Bowl nods.
MORE: Commanders WR Deebo Samuel receives $700K news ahead of Eagles matchup
His contract is for $7 million and the signing happened amid the 49ers' training camp.
Samuel has played 81 regular-season games for San Francisco, including 73 starts. His addition provides the team with insurance the the wide receiver position. Ricky Pearsall is dealing with swelling in the posterior cruciate ligament of his right knee. Christian Kirk, on the other hand, missed recent training camp sessions due to a strained calf.
#deebo
He spent the first six seasons of his pro career with San Francisco he was traded to the Washington Commanders in March 2025. Samuel enjoyed his best season in 2021, recording 77 receptions for 1,405 yards and six touchdowns. He also recorded 365 yards on the ground and eight scores. Samuel's strong performances earned him first-team All-Pro and Pro Bowl nods.
MORE: Commanders WR Deebo Samuel receives $700K news ahead of Eagles matchup
His contract is for $7 million and the signing happened amid the 49ers' training camp.
Samuel has played 81 regular-season games for San Francisco, including 73 starts. His addition provides the team with insurance the the wide receiver position. Ricky Pearsall is dealing with swelling in the posterior cruciate ligament of his right knee. Christian Kirk, on the other hand, missed recent training camp sessions due to a strained calf.
#deebo
2 days ago
SummaryView Transcript
Paul Svindland, former CEO of Celadon, reveals the emotional toll of the company's bankruptcy. He recounts how FreightWaves breaking the news prematurely led to chaos, stranded drivers, and fuel cards being shut off during the harsh winter of 2019. Despite the operational health of the business, a mountain of financial and legal issues ultimately led to its demise. Svindland shares his candid thoughts on the challenges of a massive trucking turnaround and his new chapter with Mallory Alexander.
When FreightWaves published its Celadon bankruptcy scoop on a Friday night in December 2019, CEO Paul Svendlund had intended to wait until Sunday — flying into Indianapolis to brief his management team — before communicating the Chapter 11 filing to fuel-card providers and drivers the following Monday. The early publication triggered an immediate shutdown of fuel cards, stranding drivers on the road during winter holiday season and creating what Svendlund described as roughly 36 hours of chaos.
"I'm not going to lie to you. I mean, it was the first and probably only time in my professional career that I literally actually cried because I felt I let everybody down." — Paul Svendlund, former Celadon CEO
Svendlund, now CEO of Mallory Alexander and a turnaround veteran who also led Pacer and STG Logistics, told FreightWaves the filing was structured as a liquidating Chapter 11 rather than a straight Chapter 7, preserving the entity while winding it down because ******* et value exceeded outstanding loan balances. The company was burning approximately $1 million per month just to fund legal defense for former officers after exhausting its directors-and-officers insurance — a cash drain that made lenders unwilling to continue extending credit even as operations had stabilized.
#chapter #celadon
Paul Svindland, former CEO of Celadon, reveals the emotional toll of the company's bankruptcy. He recounts how FreightWaves breaking the news prematurely led to chaos, stranded drivers, and fuel cards being shut off during the harsh winter of 2019. Despite the operational health of the business, a mountain of financial and legal issues ultimately led to its demise. Svindland shares his candid thoughts on the challenges of a massive trucking turnaround and his new chapter with Mallory Alexander.
When FreightWaves published its Celadon bankruptcy scoop on a Friday night in December 2019, CEO Paul Svendlund had intended to wait until Sunday — flying into Indianapolis to brief his management team — before communicating the Chapter 11 filing to fuel-card providers and drivers the following Monday. The early publication triggered an immediate shutdown of fuel cards, stranding drivers on the road during winter holiday season and creating what Svendlund described as roughly 36 hours of chaos.
"I'm not going to lie to you. I mean, it was the first and probably only time in my professional career that I literally actually cried because I felt I let everybody down." — Paul Svendlund, former Celadon CEO
Svendlund, now CEO of Mallory Alexander and a turnaround veteran who also led Pacer and STG Logistics, told FreightWaves the filing was structured as a liquidating Chapter 11 rather than a straight Chapter 7, preserving the entity while winding it down because ******* et value exceeded outstanding loan balances. The company was burning approximately $1 million per month just to fund legal defense for former officers after exhausting its directors-and-officers insurance — a cash drain that made lenders unwilling to continue extending credit even as operations had stabilized.
#chapter #celadon
2 days ago
Social Security survivor benefits don't start until age 60, and claiming then pays only 71.5% of the full benefit. That works out to roughly $1,430 instead of $2,000 monthly.
Pennsylvania's Property Tax/Rent Rebate Program lets widows as young as 50 claim up to $1,500 annually if household income stays under $48,110.
Large IRA or pension withdrawals can quietly push income over Pennsylvania's $48,110 rebate threshold, eliminating relief a widow would otherwise qualify to receive.
Many financial professionals are salespeople paid on what they push, not whether you end up wealthier. A fiduciary is the opposite. The SEC legally requires them to put your interests first. Advisor.com's free matching tool pairs you with vetted fiduciaries from major national firms, all in under three minutes. See who you match with today.
At 53, she is still living in the Pennsylvania house she and her husband paid down together. His paycheck stopped the day he died. Hers keeps the lights on, but the mortgage, property taxes, and homeowners insurance were built for two incomes. When she called Social Security about survivor benefits, the answer landed hard: She was too young. A widow on an online forum described the same shock. Her husband paid into Social Security for 35 years, yet she was told she had to wait seven more years before a single dollar came her way.
#security #survivor
Pennsylvania's Property Tax/Rent Rebate Program lets widows as young as 50 claim up to $1,500 annually if household income stays under $48,110.
Large IRA or pension withdrawals can quietly push income over Pennsylvania's $48,110 rebate threshold, eliminating relief a widow would otherwise qualify to receive.
Many financial professionals are salespeople paid on what they push, not whether you end up wealthier. A fiduciary is the opposite. The SEC legally requires them to put your interests first. Advisor.com's free matching tool pairs you with vetted fiduciaries from major national firms, all in under three minutes. See who you match with today.
At 53, she is still living in the Pennsylvania house she and her husband paid down together. His paycheck stopped the day he died. Hers keeps the lights on, but the mortgage, property taxes, and homeowners insurance were built for two incomes. When she called Social Security about survivor benefits, the answer landed hard: She was too young. A widow on an online forum described the same shock. Her husband paid into Social Security for 35 years, yet she was told she had to wait seven more years before a single dollar came her way.
#security #survivor
3 days ago
Insurance industry employees from around the region are competing on the diamond for a good cause Thursday.
Philadelphia Insurance Companies hosted its charity softball tournament at Fairmount Park.
The tournament is the culmination of the league's summer season, which is paired with a fundraising effort.
Proceeds benefit the Philadelphia Children's Alliance, which supports victims of child ****** abuse.
#fairmount #park
Philadelphia Insurance Companies hosted its charity softball tournament at Fairmount Park.
The tournament is the culmination of the league's summer season, which is paired with a fundraising effort.
Proceeds benefit the Philadelphia Children's Alliance, which supports victims of child ****** abuse.
#fairmount #park
3 days ago
Harris Oakmark recently released its second-quarter 2026 investor letter for the "Oakmark U.S. Concentrated Strategy". A copy of the letter can be downloaded here. The strategy returned 9.21% (net) in the second quarter, lagging the Russell 1000 Value Index's 13.87%. U.S. equities finished higher during the quarter, with nine of eleven GICS sectors posting gains, led by technology and industrials, while energy and utilities detracted. The market showed concentrated leadership, with investors favoring companies that benefit from AI spending. However, the firm continues to focus on value discipline, avoiding AI-driven market fads, prioritizing companies trading below intrinsic value. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Oakmark U.S. Concentrated Strategy highlighted Marsh & McLennan Companies, Inc. (NYSE:MRSH) as a newly established position. Marsh & McLennan Companies, Inc. (NYSE:MRSH) is a leading insurance broker and professional services firm. On July 28, 2026, Marsh & McLennan Companies, Inc. (NYSE:MRSH) closed at $192.19 per share, reflecting a market capitalization of $91.72 billion. Marsh & McLennan Companies, Inc. (NYSE:MRSH) posted a one-month return of 11.65%, while its shares lost 4.17% over the past 52 weeks.
Oakmark U.S. Concentrated Strategy stated the following regarding Marsh & McLennan Companies, Inc. (NYSE:MRSH) in its Q2 2026 investor update:
"Marsh & McLennan Companies, Inc. (NYSE:MRSH) is the world's largest insurance broker and risk management firm. In our view, it is well-positioned as a leader in what we think is an oligopolistic market, benefiting from strong organic revenue growth and a long track record of consistent margin expansion. We think this strong performance is poised to be supplemented by management's unifying re branding efforts, which center on rolling out an expense program, leveraging AI to improve productivity, and centralizing its technology and operations to drive efficiencies and pro duce significant savings over time. Despite solid historical performance, dominant positioning, and continued operational improvements, the stock has fallen out of favor due to softening insurance rates and macroeconomic uncertainty, creating an opportunity to invest in an in dustry-leading company at an attractive price."
Marsh & McLennan Companies, Inc. (NYSE:MRSH) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 55 hedge fund portfolios held Marsh & McLennan Companies, Inc. (NYSE:MRSH) at the end of the first quarter, compared to 69 in the previous quarter. While we acknowledge the risk and potential of Marsh & McLennan Companies, Inc. (NYSE:MRSH) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Ma
In its Q2 2026 investor letter, Oakmark U.S. Concentrated Strategy highlighted Marsh & McLennan Companies, Inc. (NYSE:MRSH) as a newly established position. Marsh & McLennan Companies, Inc. (NYSE:MRSH) is a leading insurance broker and professional services firm. On July 28, 2026, Marsh & McLennan Companies, Inc. (NYSE:MRSH) closed at $192.19 per share, reflecting a market capitalization of $91.72 billion. Marsh & McLennan Companies, Inc. (NYSE:MRSH) posted a one-month return of 11.65%, while its shares lost 4.17% over the past 52 weeks.
Oakmark U.S. Concentrated Strategy stated the following regarding Marsh & McLennan Companies, Inc. (NYSE:MRSH) in its Q2 2026 investor update:
"Marsh & McLennan Companies, Inc. (NYSE:MRSH) is the world's largest insurance broker and risk management firm. In our view, it is well-positioned as a leader in what we think is an oligopolistic market, benefiting from strong organic revenue growth and a long track record of consistent margin expansion. We think this strong performance is poised to be supplemented by management's unifying re branding efforts, which center on rolling out an expense program, leveraging AI to improve productivity, and centralizing its technology and operations to drive efficiencies and pro duce significant savings over time. Despite solid historical performance, dominant positioning, and continued operational improvements, the stock has fallen out of favor due to softening insurance rates and macroeconomic uncertainty, creating an opportunity to invest in an in dustry-leading company at an attractive price."
Marsh & McLennan Companies, Inc. (NYSE:MRSH) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 55 hedge fund portfolios held Marsh & McLennan Companies, Inc. (NYSE:MRSH) at the end of the first quarter, compared to 69 in the previous quarter. While we acknowledge the risk and potential of Marsh & McLennan Companies, Inc. (NYSE:MRSH) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Ma
3 days ago
Grant Thornton Advisors announced Wednesday it has entered into a definitive agreement to acquire CBIZ, Inc. (NYSE: CBZ) in an all-cash deal with an enterprise value of $5 billion.
Under the terms of the agreement, each CBIZ shareholder stands to collect $55 per share — a figure the company said reflects roughly a 54% premium over CBIZ's 30-day volume-weighted average share price. Reuters added that the offer price also represents a 17.8% premium over CBIZ's most recent closing price.
Upon closing, Grant Thornton in the U.S. is expected to become the fifth-largest provider of professional services, tax and advisory services, with more than $5 billion in annual domestic revenue, the company said. The transaction represents the largest of its kind in more than 25 years. Together, the two firms would operate across more than 20 countries and territories, bring in close to $7.5 billion in annual revenue, and have a workforce of more than 34,500 professionals.
Reuters noted that Deloitte, EY, KPMG and PwC — collectively known as the Big Four — hold dominant positions in the U.S. accounting market.
New Mountain Capital, which led a May 2024 investment in Grant Thornton Advisors, will make an additional equity investment to support the transaction. After the deal closes, Grant Thornton Advisors plans to separate CBIZ's benefits and insurance services segment into a new stand-alone entity backed by New Mountain Capital.
#grant #advisors #reuters
Under the terms of the agreement, each CBIZ shareholder stands to collect $55 per share — a figure the company said reflects roughly a 54% premium over CBIZ's 30-day volume-weighted average share price. Reuters added that the offer price also represents a 17.8% premium over CBIZ's most recent closing price.
Upon closing, Grant Thornton in the U.S. is expected to become the fifth-largest provider of professional services, tax and advisory services, with more than $5 billion in annual domestic revenue, the company said. The transaction represents the largest of its kind in more than 25 years. Together, the two firms would operate across more than 20 countries and territories, bring in close to $7.5 billion in annual revenue, and have a workforce of more than 34,500 professionals.
Reuters noted that Deloitte, EY, KPMG and PwC — collectively known as the Big Four — hold dominant positions in the U.S. accounting market.
New Mountain Capital, which led a May 2024 investment in Grant Thornton Advisors, will make an additional equity investment to support the transaction. After the deal closes, Grant Thornton Advisors plans to separate CBIZ's benefits and insurance services segment into a new stand-alone entity backed by New Mountain Capital.
#grant #advisors #reuters
3 days ago
Ace River Capital, an investment management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. Ace River Capital Partners reported a +6.25% return in the first half of 2026, trailing the S&P 500's +9.55% and Russell 2000's +22.57% returns. Despite short‑term underperformance, the fund emphasizes long‑term compounding through concentrated investments in undervalued businesses with durable economics. The strategy remains patient and disciplined, avoiding software, finance, and insurance businesses in favor of **** et-backed businesses with scarcity value. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Ace River Capital highlighted MarineMax, Inc. (NYSE:HZO). MarineMax, Inc. (NYSE:HZO) is a recreational boat and yacht retailer and superyacht services company. On July 28, 2026, MarineMax, Inc. (NYSE:HZO) closed at $35.48 per share, reflecting a market capitalization of $783.64 million. MarineMax, Inc. (NYSE:HZO) posted a one-month return of -0.76%, while its shares gained 56.85% over the past 52 weeks.
Ace River Capital stated the following regarding MarineMax, Inc. (NYSE:HZO) in its Q2 2026 investor update:
"I exited the MarineMax, Inc. (NYSE:HZO) position during the period. While I continue to respect management and believe the company owns attractive marina and waterfront **** ets, I concluded that capital could earn higher long-term returns in Vox Royalty and RCI Hospitality. The sale was driven by opportunity cost and increasing conviction in those investments rather than a deterioration in MarineMax's underlying business."
MarineMax, Inc. (NYSE:HZO) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 22 hedge fund portfolios held MarineMax, Inc. (NYSE:HZO) at the end of the first quarter, up from 20 in the previous quarter. While we acknowledge the potential of MarineMax, Inc. (NYSE:HZO) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#marinemax #company #quarter #businesses
In its Q2 2026 investor letter, Ace River Capital highlighted MarineMax, Inc. (NYSE:HZO). MarineMax, Inc. (NYSE:HZO) is a recreational boat and yacht retailer and superyacht services company. On July 28, 2026, MarineMax, Inc. (NYSE:HZO) closed at $35.48 per share, reflecting a market capitalization of $783.64 million. MarineMax, Inc. (NYSE:HZO) posted a one-month return of -0.76%, while its shares gained 56.85% over the past 52 weeks.
Ace River Capital stated the following regarding MarineMax, Inc. (NYSE:HZO) in its Q2 2026 investor update:
"I exited the MarineMax, Inc. (NYSE:HZO) position during the period. While I continue to respect management and believe the company owns attractive marina and waterfront **** ets, I concluded that capital could earn higher long-term returns in Vox Royalty and RCI Hospitality. The sale was driven by opportunity cost and increasing conviction in those investments rather than a deterioration in MarineMax's underlying business."
MarineMax, Inc. (NYSE:HZO) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 22 hedge fund portfolios held MarineMax, Inc. (NYSE:HZO) at the end of the first quarter, up from 20 in the previous quarter. While we acknowledge the potential of MarineMax, Inc. (NYSE:HZO) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#marinemax #company #quarter #businesses
3 days ago
Ace River Capital, an investment management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. Ace River Capital Partners reported a +6.25% return in the first half of 2026, trailing the S&P 500's +9.55% and Russell 2000's +22.57% returns. Despite short‑term underperformance, the fund emphasizes long‑term compounding through concentrated investments in undervalued businesses with durable economics. The strategy remains patient and disciplined, avoiding software, finance, and insurance businesses in favor of ****** et-backed businesses with scarcity value. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Ace River Capital highlighted RCI Hospitality Holdings, Inc. (NASDAQ:RICK). Headquartered in Houston, Texas, RCI Hospitality Holdings, Inc. (NASDAQ:RICK) is a hospitality company that owns and operates clubs and restaurants. On July 28, 2026, RCI Hospitality Holdings, Inc. (NASDAQ:RICK) stock closed at $26.53 per share. One-month return of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) was -4.36%, and its shares are down 27.14% over the past twelve months. RCI Hospitality Holdings, Inc. (NASDAQ:RICK) has a market capitalization of $202.81 million.
Ace River Capital stated the following regarding RCI Hospitality Holdings, Inc. (NASDAQ:RICK) in its Q2 2026 investor update:
"The investment thesis for RCI Hospitality Holdings, Inc. (NASDAQ:RICK) has strengthened. The market remains focused on the New York litigation overhang while overlooking the company's normalized free cash flow generation, valuable owned real estate, and long record of disciplined capital allocation. I believe the current valuation materially understates intrinsic value even under conservative ****** umptions. Continued share repurchases and intelligent capital allocation should enhance long term per-share value, while eventual resolution of the New York matter has the potential to remove a meaningful overhang. My conviction has increased during the period, and RCI remains one of the Fund's largest investments."
RCI Hospitality Holdings, Inc. (NASDAQ:RICK) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 13 hedge fund portfolios held RCI Hospitality Holdings, Inc. (NASDAQ:RICK) at the end of the first quarter, compared to 18 in the previous quarter. While we acknowledge the potential of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#Hospitality #river
In its Q2 2026 investor letter, Ace River Capital highlighted RCI Hospitality Holdings, Inc. (NASDAQ:RICK). Headquartered in Houston, Texas, RCI Hospitality Holdings, Inc. (NASDAQ:RICK) is a hospitality company that owns and operates clubs and restaurants. On July 28, 2026, RCI Hospitality Holdings, Inc. (NASDAQ:RICK) stock closed at $26.53 per share. One-month return of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) was -4.36%, and its shares are down 27.14% over the past twelve months. RCI Hospitality Holdings, Inc. (NASDAQ:RICK) has a market capitalization of $202.81 million.
Ace River Capital stated the following regarding RCI Hospitality Holdings, Inc. (NASDAQ:RICK) in its Q2 2026 investor update:
"The investment thesis for RCI Hospitality Holdings, Inc. (NASDAQ:RICK) has strengthened. The market remains focused on the New York litigation overhang while overlooking the company's normalized free cash flow generation, valuable owned real estate, and long record of disciplined capital allocation. I believe the current valuation materially understates intrinsic value even under conservative ****** umptions. Continued share repurchases and intelligent capital allocation should enhance long term per-share value, while eventual resolution of the New York matter has the potential to remove a meaningful overhang. My conviction has increased during the period, and RCI remains one of the Fund's largest investments."
RCI Hospitality Holdings, Inc. (NASDAQ:RICK) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 13 hedge fund portfolios held RCI Hospitality Holdings, Inc. (NASDAQ:RICK) at the end of the first quarter, compared to 18 in the previous quarter. While we acknowledge the potential of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#Hospitality #river
3 days ago
Ace River Capital, an investment management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. Ace River Capital Partners reported a +6.25% return in the first half of 2026, trailing the S&P 500's +9.55% and Russell 2000's +22.57% returns. Despite short‑term underperformance, the fund emphasizes long‑term compounding through concentrated investments in undervalued businesses with durable economics. The strategy remains patient and disciplined, avoiding software, finance, and insurance businesses in favor of ******* et-backed businesses with scarcity value. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Ace River Capital highlighted Vox Royalty Corp. (NASDAQ:VOXR). Vox Royalty Corp. (NASDAQ:VOXR) is a mining royalty company based in Westminster, Colorado. On July 28, 2026, Vox Royalty Corp. (NASDAQ:VOXR) closed at $4.26 per share, reflecting a market capitalization of $293.52 million. Vox Royalty Corp. (NASDAQ:VOXR) posted a one-month return of -9.94%, while its shares gained 35.24% over the past 52 weeks.
Ace River Capital stated the following regarding Vox Royalty Corp. (NASDAQ:VOXR) in its Q2 2026 investor update:
"Since initiating a position in Vox Royalty Corp. (NASDAQ:VOXR) in Q4 2023, it has grown into the Fund's largest holding and my largest investment. Vox's royalty model provides diversified exposure to high-quality mining ******* ets without ******* uming the operating or capital requirements of mine ownership. Management has continued to expand the royalty portfolio while maintaining a conservative balance sheet. I believe the opportunity to repurchase shares at current prices offers an attractive avenue for per-share value creation, further enhancing long-term compounding. My conviction has increased materially during the year. I continue to believe the shares trade at a substantial discount to intrinsic value and view Vox as one of the most attractive long-term compounders in the public markets."
Vox Royalty Corp. (NASDAQ:VOXR) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 11 hedge fund portfolios held Vox Royalty Corp. (NASDAQ:VOXR) at the end of the first quarter, compared to 13 in the previous quarter. While we acknowledge the potential of Vox Royalty Corp. (NASDAQ:VOXR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#royalty #corp #NASDAQ #investor
In its Q2 2026 investor letter, Ace River Capital highlighted Vox Royalty Corp. (NASDAQ:VOXR). Vox Royalty Corp. (NASDAQ:VOXR) is a mining royalty company based in Westminster, Colorado. On July 28, 2026, Vox Royalty Corp. (NASDAQ:VOXR) closed at $4.26 per share, reflecting a market capitalization of $293.52 million. Vox Royalty Corp. (NASDAQ:VOXR) posted a one-month return of -9.94%, while its shares gained 35.24% over the past 52 weeks.
Ace River Capital stated the following regarding Vox Royalty Corp. (NASDAQ:VOXR) in its Q2 2026 investor update:
"Since initiating a position in Vox Royalty Corp. (NASDAQ:VOXR) in Q4 2023, it has grown into the Fund's largest holding and my largest investment. Vox's royalty model provides diversified exposure to high-quality mining ******* ets without ******* uming the operating or capital requirements of mine ownership. Management has continued to expand the royalty portfolio while maintaining a conservative balance sheet. I believe the opportunity to repurchase shares at current prices offers an attractive avenue for per-share value creation, further enhancing long-term compounding. My conviction has increased materially during the year. I continue to believe the shares trade at a substantial discount to intrinsic value and view Vox as one of the most attractive long-term compounders in the public markets."
Vox Royalty Corp. (NASDAQ:VOXR) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 11 hedge fund portfolios held Vox Royalty Corp. (NASDAQ:VOXR) at the end of the first quarter, compared to 13 in the previous quarter. While we acknowledge the potential of Vox Royalty Corp. (NASDAQ:VOXR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#royalty #corp #NASDAQ #investor
3 days ago
Lemonade, Inc. (NYSE:LMND) shares fell more than 7% in pre-market trading after the AI-powered insurance company released its second-quarter 2026 results, with investors reacting negatively despite revenue outperforming expectations.
The sell-off reflected concerns that the company's outlook failed to justify the high expectations already priced into the stock, following a strong rally earlier in the year.
Ahead of the earnings release, ***** ysts had expected Lemonade to report a quarterly loss of around $0.57 per share, while investors were looking for results capable of supporting the company's ambitious growth outlook.
Although revenue exceeded expectations, the market response suggested investors were disappointed that the company's guidance did not provide a stronger catalyst for further gains.
The negative reaction came after Lemonade had previously raised its full-year outlook and reaffirmed its expectation of achieving positive adjusted EBITDA during the fourth quarter of 2026.
#results #year
The sell-off reflected concerns that the company's outlook failed to justify the high expectations already priced into the stock, following a strong rally earlier in the year.
Ahead of the earnings release, ***** ysts had expected Lemonade to report a quarterly loss of around $0.57 per share, while investors were looking for results capable of supporting the company's ambitious growth outlook.
Although revenue exceeded expectations, the market response suggested investors were disappointed that the company's guidance did not provide a stronger catalyst for further gains.
The negative reaction came after Lemonade had previously raised its full-year outlook and reaffirmed its expectation of achieving positive adjusted EBITDA during the fourth quarter of 2026.
#results #year
3 days ago
Cascading risks linked to the highly volatile geopolitical landscape are driving demand for insurance products that safeguard day-to-day business operations, according to a GlobalData poll. Meanwhile, the availability of insurance products to protect against such impacts remains compromised as insurers struggle to adapt to the rapidly changing risk landscape.
According to a poll conducted by GlobalData on Verdict Media sites in Q2 2026 —which garnered 107 responses from industry insiders—supply chain insurance (41.1%) is the product set to see the highest demand due to geopolitical tensions. The second most sought-after product is cyber insurance, commanding 20.6% of responses.
Businesses overwhelmingly view the fallout of geopolitical tensions through the lens of indirect operational disruption, seeking products that safeguard daily commercial operations. In contrast, demand for specialist transport and direct **** et protection is lower. This highlights that organisations are deeply concerned about trade route blockages, state-sponsored cyberattacks, and collateral revenue losses that can have a cascading effect on operations, thus threatening day-to-day business continuity.
Ongoing conflicts in the Middle East and Eastern Europe are creating specific trade bottlenecks such as in the Suez Canal and Strait of Hormuz, leading to widespread shipping reroutes, while alternative maritime corridors are emerging. Meanwhile, the US's shift toward economic nationalism—marked by sudden tariff hikes, export restrictions, and sanctions—is pressuring international trade supply networks.
Although demand exists, paradoxically, insurance capacity is compromised as many insurers pull products from the market fearing that the risks are unquantifiable. This highlights a key challenge for the industry, whereby only insurers with the most risk appetite are willing to adapt their underwriting strategies and product offerings. This requires providers to tighten policy wordings and exclusions around tariffs and sanctions, as well as stress-test products to avoid catastrophic losses from a single event. In addition, real-time geospatial tracking is gradually gaining traction for more accurately **** sing risks and improving underwriting.
#products #demand #risks #geopolitical
According to a poll conducted by GlobalData on Verdict Media sites in Q2 2026 —which garnered 107 responses from industry insiders—supply chain insurance (41.1%) is the product set to see the highest demand due to geopolitical tensions. The second most sought-after product is cyber insurance, commanding 20.6% of responses.
Businesses overwhelmingly view the fallout of geopolitical tensions through the lens of indirect operational disruption, seeking products that safeguard daily commercial operations. In contrast, demand for specialist transport and direct **** et protection is lower. This highlights that organisations are deeply concerned about trade route blockages, state-sponsored cyberattacks, and collateral revenue losses that can have a cascading effect on operations, thus threatening day-to-day business continuity.
Ongoing conflicts in the Middle East and Eastern Europe are creating specific trade bottlenecks such as in the Suez Canal and Strait of Hormuz, leading to widespread shipping reroutes, while alternative maritime corridors are emerging. Meanwhile, the US's shift toward economic nationalism—marked by sudden tariff hikes, export restrictions, and sanctions—is pressuring international trade supply networks.
Although demand exists, paradoxically, insurance capacity is compromised as many insurers pull products from the market fearing that the risks are unquantifiable. This highlights a key challenge for the industry, whereby only insurers with the most risk appetite are willing to adapt their underwriting strategies and product offerings. This requires providers to tighten policy wordings and exclusions around tariffs and sanctions, as well as stress-test products to avoid catastrophic losses from a single event. In addition, real-time geospatial tracking is gradually gaining traction for more accurately **** sing risks and improving underwriting.
#products #demand #risks #geopolitical
3 days ago
By Amanda Cooper
July 29 (Reuters) - Shares in companies driving the AI boom have been under pressure for weeks. Now their bonds are coming under strain too, pushing up the cost of insuring debt issued by companies such as Oracle, Nvidia and Apple against default.
The move reflects growing concern among investors about when the billions of dollars being poured into artificial intelligence will generate returns.
Technology companies have raised billions of dollars in debt this year to fund AI investments, with firms including Nvidia tapping bond markets for the first time. But the cost of the AI build-out is so high that even blockbuster earnings have failed to reassure some investors about the durability of future returns.
Demand for AI-linked credit default swaps (CDS), a form of insurance against default that gained prominence during the 2008 financial crisis, has surged.
#Companies #cost #billions #dollars
July 29 (Reuters) - Shares in companies driving the AI boom have been under pressure for weeks. Now their bonds are coming under strain too, pushing up the cost of insuring debt issued by companies such as Oracle, Nvidia and Apple against default.
The move reflects growing concern among investors about when the billions of dollars being poured into artificial intelligence will generate returns.
Technology companies have raised billions of dollars in debt this year to fund AI investments, with firms including Nvidia tapping bond markets for the first time. But the cost of the AI build-out is so high that even blockbuster earnings have failed to reassure some investors about the durability of future returns.
Demand for AI-linked credit default swaps (CDS), a form of insurance against default that gained prominence during the 2008 financial crisis, has surged.
#Companies #cost #billions #dollars
3 days ago
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Figuring out when you can afford to retire often comes down to determining whether your ******* ets will produce enough annual income to support your lifestyle and spending needs.
With $500,000 in a Roth IRA and $2,000 in combined monthly Social Security and pension payments, you may be able to afford to retire at age 62. However, that will mean living on approximately $44,000 per year. Some retirees may be satisfied with this level of income, but it may not support you adequately if you plan to do a lot of traveling or live in a high-cost area.
Before making the decision to stop working at 62, you'll also need to develop a plan for paying for health insurance since you won't be eligible for Medicare until age 65.
If you need help deciding when to retire, connect with a financial advisor and have them build you an income plan based on your unique financial situation.
#afford
Figuring out when you can afford to retire often comes down to determining whether your ******* ets will produce enough annual income to support your lifestyle and spending needs.
With $500,000 in a Roth IRA and $2,000 in combined monthly Social Security and pension payments, you may be able to afford to retire at age 62. However, that will mean living on approximately $44,000 per year. Some retirees may be satisfied with this level of income, but it may not support you adequately if you plan to do a lot of traveling or live in a high-cost area.
Before making the decision to stop working at 62, you'll also need to develop a plan for paying for health insurance since you won't be eligible for Medicare until age 65.
If you need help deciding when to retire, connect with a financial advisor and have them build you an income plan based on your unique financial situation.
#afford
3 days ago
Freight broker Landstar System said Tuesday that its larger scale and long track record of safety will become more attractive to shippers in a post-Montgomery world. The company saw a more material turnaround in operations during the second quarter even though results fell short of ****** ysts' expectations.
Revenue generated by Landstar's (NASDAQ: LSTR) business capacity owners (BCOs) increased 22% year over year to $563 million, as loads were up 10% and revenue per load was up 11%. Landstar's BCOs are owner-operators who haul almost exclusively for the company. Changes among this segment of capacity have historically signaled turns in the broader truckload market.
Trucks provided by BCOs increased 68 units sequentially to 8,544 units in the second quarter. This was the largest increase since the 2022 first quarter. The tractor count is up another 49 units so far in July. BCO turnover improved 310 bps y/y to 28.3% as utilization improved 12% y/y.
BCO revenue per mile—Landstar's preferred metric for TL pricing as it excludes fluctuations in diesel fuel prices—was up 11% y/y and 10% y/y on dry van and flatbed shipments, respectively.
Management sees this segment of capacity potentially growing faster following the Supreme Court's Montgomery v. Caribe Transport II ruling, which widened liability exposure for freight brokers found negligent in their driver hiring practices. The company said it is also having success courting small brokers looking to partner with brokers with better tech, vetting protocols and insurance programs.
#brokers
Revenue generated by Landstar's (NASDAQ: LSTR) business capacity owners (BCOs) increased 22% year over year to $563 million, as loads were up 10% and revenue per load was up 11%. Landstar's BCOs are owner-operators who haul almost exclusively for the company. Changes among this segment of capacity have historically signaled turns in the broader truckload market.
Trucks provided by BCOs increased 68 units sequentially to 8,544 units in the second quarter. This was the largest increase since the 2022 first quarter. The tractor count is up another 49 units so far in July. BCO turnover improved 310 bps y/y to 28.3% as utilization improved 12% y/y.
BCO revenue per mile—Landstar's preferred metric for TL pricing as it excludes fluctuations in diesel fuel prices—was up 11% y/y and 10% y/y on dry van and flatbed shipments, respectively.
Management sees this segment of capacity potentially growing faster following the Supreme Court's Montgomery v. Caribe Transport II ruling, which widened liability exposure for freight brokers found negligent in their driver hiring practices. The company said it is also having success courting small brokers looking to partner with brokers with better tech, vetting protocols and insurance programs.
#brokers
3 days ago
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An unexpected life event in your family can completely change the course of your financial future if you're caught unprepared. Fortunately, a life insurance policy tailored to your specific needs can soften the financial blow and help you move forward on your terms.
To help you avoid the confusion of trying to choose between countless providers, we've done the research and compiled a list of the best life insurance companies, according to what makes them stand out (plus a few honorable mentions).
New York Life: Best overall
MassMutual: Best for financial stability
#life #advertiser #disclosure #york
An unexpected life event in your family can completely change the course of your financial future if you're caught unprepared. Fortunately, a life insurance policy tailored to your specific needs can soften the financial blow and help you move forward on your terms.
To help you avoid the confusion of trying to choose between countless providers, we've done the research and compiled a list of the best life insurance companies, according to what makes them stand out (plus a few honorable mentions).
New York Life: Best overall
MassMutual: Best for financial stability
#life #advertiser #disclosure #york
4 days ago
MADISON, Wis. (AP) — A Wisconsin appeals court on Wednesday restored a 2011 anti-union law that abolished collective bargaining rights, in a setback for unions and public workers. Unions are expected to appeal, sending the case to the Wisconsin Supreme Court, which is controlled by liberal justices.
The 2024 ruling striking down the law as unconstitutional had been on hold pending appeal, so Wednesday's reversal does not change the status quo. The law remains in effect, as it has been the past 15 years, as the legal fight continues.
Enactment of a 2011 anti-union state law, championed by Republicans, sparked weeks of protests and made Wisconsin the center of a national battle over union rights.
That law, known as Act 10, effectively ended most public employees′ ability to bargain for wage increases and other issues, and forced them to pay more for health insurance and retirement benefits.
Supporters of the law say it gives local governments more control over workers and the powers needed to cut costs. They argue that repealing the law, which allowed schools and local governments to raise money through higher employee contributions for benefits, would bankrupt those entities.
#union #court #rights #appeal
The 2024 ruling striking down the law as unconstitutional had been on hold pending appeal, so Wednesday's reversal does not change the status quo. The law remains in effect, as it has been the past 15 years, as the legal fight continues.
Enactment of a 2011 anti-union state law, championed by Republicans, sparked weeks of protests and made Wisconsin the center of a national battle over union rights.
That law, known as Act 10, effectively ended most public employees′ ability to bargain for wage increases and other issues, and forced them to pay more for health insurance and retirement benefits.
Supporters of the law say it gives local governments more control over workers and the powers needed to cut costs. They argue that repealing the law, which allowed schools and local governments to raise money through higher employee contributions for benefits, would bankrupt those entities.
#union #court #rights #appeal
4 days ago
American billionaire and sports magnate Mark Walter — owner of the Los Angeles Dodgers, Lakers and Sparks, the entire Professional Women's Hockey League and a stakeholder in Chelsea FC — presides over one of the most enviable empires in athletics.
But now, reports say that authorities are calling a foul on alleged potential insurance fraud by other companies tied to Walter.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
#Dodgers #Lakers #sparks
But now, reports say that authorities are calling a foul on alleged potential insurance fraud by other companies tied to Walter.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
#Dodgers #Lakers #sparks
4 days ago
WEST SACRAMENTO, Calif. (AP) — Brian Serven hit his first major league home run in almost four years and Gage Jump pitched six scoreless innings as the Athletics cooled off the Boston Red Sox with a 4-3 victory Tuesday night.
Tommy White went 4 for 4 and scored twice for the A's, who had lost three straight and five of six. Henry Bolte had an early RBI single, and pinch-hitter Lawrence Butler provided a critical insurance run with an RBI double in the eighth.
Connor Wong launched a two-run homer with two outs in the ninth for the Red Sox, who had won 18 of 20.
Batting ninth, Serven gave the Athletics a 3-0 lead with a two-run drive to center field in the seventh that chased starter Jake Bennett (6-4). It was his seventh career homer and first since Aug. 21, 2022, for the Colorado Rockies against San Francisco.
___
#serven #athletics
Tommy White went 4 for 4 and scored twice for the A's, who had lost three straight and five of six. Henry Bolte had an early RBI single, and pinch-hitter Lawrence Butler provided a critical insurance run with an RBI double in the eighth.
Connor Wong launched a two-run homer with two outs in the ninth for the Red Sox, who had won 18 of 20.
Batting ninth, Serven gave the Athletics a 3-0 lead with a two-run drive to center field in the seventh that chased starter Jake Bennett (6-4). It was his seventh career homer and first since Aug. 21, 2022, for the Colorado Rockies against San Francisco.
___
#serven #athletics
4 days ago
July 28 (Reuters) - The Trump administration plans to end a subsidy program that helped hold premiums for Medicare drug plans, the Wall Street Journal reported on Tuesday, citing government officials.
The program, expected to provide insurers with roughly $3.6 billion in subsidies this year to cushion Medicare Part D premium increases, will not be renewed beyond 2026, the report said.
Medicare Part D, which provides prescription drug coverage to millions of Medicare beneficiaries through private insurance plans, is a key component of the federal health program for seniors.
Rising healthcare costs remain a growing concern in the U.S., particularly for older Americans living on fixed incomes. Nearly 25 million people were enrolled in standalone Medicare Part D prescription drug plans in 2026, according to data from health policy research group KFF.
The Journal quoted an administration official who said the additional subsidies gave insurers an incentive to raise premiums because the government would absorb much of the added cost. The official also said the subsidies were no longer necessary, saying that other measures aimed at keeping Medicare Part D costs in check remain in place.
#medicare #program #drug #subsidies
The program, expected to provide insurers with roughly $3.6 billion in subsidies this year to cushion Medicare Part D premium increases, will not be renewed beyond 2026, the report said.
Medicare Part D, which provides prescription drug coverage to millions of Medicare beneficiaries through private insurance plans, is a key component of the federal health program for seniors.
Rising healthcare costs remain a growing concern in the U.S., particularly for older Americans living on fixed incomes. Nearly 25 million people were enrolled in standalone Medicare Part D prescription drug plans in 2026, according to data from health policy research group KFF.
The Journal quoted an administration official who said the additional subsidies gave insurers an incentive to raise premiums because the government would absorb much of the added cost. The official also said the subsidies were no longer necessary, saying that other measures aimed at keeping Medicare Part D costs in check remain in place.
#medicare #program #drug #subsidies
4 days ago
Circle—the company behind USDC (the digital dollar used by millions worldwide for payments, savings, and international transfers)—just bought the blockchain patent library IBM spent more than a decade building. The deal, announced July 27, hands Circle over 1,000 blockchain patents issued by IBM worldwide.
Patents are legal rights that give the holder exclusive control over a specific invention. If you hold a patent on a method for processing transactions on a blockchain—the shared digital ledger where crypto activity is permanently recorded and can't be altered—you get to decide who else uses it and on what terms. IBM had been building that kind of leverage since its mid-2010s enterprise blockchain push.
By December 2025, patent ******* ytics firm PatSnap credited IBM with 790 U.S. blockchain patents—more than any other American company, with Bank of America a distant second at roughly 200. Circle, which received its first-ever patent in December 2023 (covering parallel blockchain data processing—a technique for verifying multiple groups of transactions simultaneously), went from essentially zero to the top of the U.S. rankings overnight.
"The portfolio comprises over 680 patent families and nearly 1,000 issued patents worldwide, spanning foundational blockchain technology, banking, financial services, insurance, enterprise infrastructure, supply chain verification, and secure cloud operations," Circle said in its official announcement.
Circle plans to put them to work across its entire stack. "The expanded IP position directly supports Circle's foundation for building the internet financial system, including USDC, Circle Payments Network, Arc, and a growing suite of onchain products and agentic financial tools," the company added. Arc is Circle's own payment-focused blockchain built for institutional finance. The agentic tools are AI-powered software programs that can execute financial transactions autonomously—no human required for each step.
#building
Patents are legal rights that give the holder exclusive control over a specific invention. If you hold a patent on a method for processing transactions on a blockchain—the shared digital ledger where crypto activity is permanently recorded and can't be altered—you get to decide who else uses it and on what terms. IBM had been building that kind of leverage since its mid-2010s enterprise blockchain push.
By December 2025, patent ******* ytics firm PatSnap credited IBM with 790 U.S. blockchain patents—more than any other American company, with Bank of America a distant second at roughly 200. Circle, which received its first-ever patent in December 2023 (covering parallel blockchain data processing—a technique for verifying multiple groups of transactions simultaneously), went from essentially zero to the top of the U.S. rankings overnight.
"The portfolio comprises over 680 patent families and nearly 1,000 issued patents worldwide, spanning foundational blockchain technology, banking, financial services, insurance, enterprise infrastructure, supply chain verification, and secure cloud operations," Circle said in its official announcement.
Circle plans to put them to work across its entire stack. "The expanded IP position directly supports Circle's foundation for building the internet financial system, including USDC, Circle Payments Network, Arc, and a growing suite of onchain products and agentic financial tools," the company added. Arc is Circle's own payment-focused blockchain built for institutional finance. The agentic tools are AI-powered software programs that can execute financial transactions autonomously—no human required for each step.
#building
4 days ago
WestBridge Capital has started a process to exit its investment in Star Health and Allied Insurance, Moneycontrol reported, citing unnamed sources.
The report said the private equity firm has asked investment banks to present proposals for a mandate to oversee the sale of its stake, with JPMorgan identified as the preferred adviser.
Based on the June quarter shareholding pattern, WestBridge holds around 40% of Star Health through Safecrop Investments India, a consortium set up by WestBridge, late investor Rakesh Jhunjhunwala and Madison Capital.
WestBridge requested expressions of interest from investment bankers a few weeks ago to run a sale process for its Star Health shares.
The source said that the size, structure and timing of any deal have yet to be decided and will depend on market conditions and investor interest.
#westbridge #process #allied
The report said the private equity firm has asked investment banks to present proposals for a mandate to oversee the sale of its stake, with JPMorgan identified as the preferred adviser.
Based on the June quarter shareholding pattern, WestBridge holds around 40% of Star Health through Safecrop Investments India, a consortium set up by WestBridge, late investor Rakesh Jhunjhunwala and Madison Capital.
WestBridge requested expressions of interest from investment bankers a few weeks ago to run a sale process for its Star Health shares.
The source said that the size, structure and timing of any deal have yet to be decided and will depend on market conditions and investor interest.
#westbridge #process #allied
4 days ago
Americans hang on to jobs they don't favor for multiple reasons, including salary, geographical convenience and upward mobility. Increasingly, with inflation rising, career professionals are sticking to jobs they don't like primarily for the health care benefits.
Workplace experts call that syndrome 'job lock', and it's growing in the U.S. workplace.
According to a study by the West Health-Gallup Center on Healthcare in America, nearly one in four (24%) of American workers say they're "afraid" of losing their health insurance, and this fear is keeping them in their jobs. That's an 8% rise from 221, the study noted.
Given the skyrocketing costs of health insurance, as employer-sponsored family health insurance premiums have increased by about 26% over the past five years, that fear is justifiable.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
#Health #insurance #like #fear
Workplace experts call that syndrome 'job lock', and it's growing in the U.S. workplace.
According to a study by the West Health-Gallup Center on Healthcare in America, nearly one in four (24%) of American workers say they're "afraid" of losing their health insurance, and this fear is keeping them in their jobs. That's an 8% rise from 221, the study noted.
Given the skyrocketing costs of health insurance, as employer-sponsored family health insurance premiums have increased by about 26% over the past five years, that fear is justifiable.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
#Health #insurance #like #fear
