7 hours ago
SpaceX (SPCX), which made a sensational debut on the bourses in June 2026, has been trading relatively sideways since then, although it remains above its initial public offering price (IPO) of $135 per share. This is surprising, considering the company is led by CEO Elon Musk, one of the most volatile and polarizing figures in corporate history whose penchant for making headlines is infamous.
However, on Sept. 21, SPCX stock could get a much-needed boost. Let's take a closer look.
How to Play IBM Stock as It Teams Up with NASA to Launch a New Open-Source Model
GF Securities Says NAND Prices May Stabilize Later This Year. What This Means for Sandisk Stock.
Nvidia's Jensen Huang Just Delivered a Huge Vote of Confidence to CoreWeave and Nebius
#however
However, on Sept. 21, SPCX stock could get a much-needed boost. Let's take a closer look.
How to Play IBM Stock as It Teams Up with NASA to Launch a New Open-Source Model
GF Securities Says NAND Prices May Stabilize Later This Year. What This Means for Sandisk Stock.
Nvidia's Jensen Huang Just Delivered a Huge Vote of Confidence to CoreWeave and Nebius
#however
8 hours ago
Could Tamin Lipsey return to Iowa State for another season of college basketball?
The standout point guard has joined a growing list of athletes who are suing the NCAA with hopes of gaining an additional fifth year of eligibility. Court documents indicate Lipsey may return to the Cyclones if given a chance.
Lipsey was among a batch of approximately 90 athletes who entered a class-action lawsuit filed in the state of Indiana against the NCAA. Across the country, many athletes in various sports are suing the NCAA in an effort to get a fifth year of eligibility.
In June, the NCAA Division I Cabinet unanimously approved a new five-year, age-based eligibility model, also known as the "five-for-five rule," which went into effect starting with the 2026-27 academic year. The new rule provides student-athletes across all sports with five years of eligibility over five seasons.
Under the new guidelines, each player's eligibility clock begins upon initial full-time college enrollment or at the beginning of the academic year following the athlete's 19th birthday, whichever occurs first. The "five-for-five rule" pertained to those enrolled in colleges for the 2026-27 school year. So those who concluded their collegiate careers in 2026, particularly high school athletes who graduated in 2022 and played four years of college without redshirting, were initially not included by the NCAA's new ruling.
#year #athletes #college #state
The standout point guard has joined a growing list of athletes who are suing the NCAA with hopes of gaining an additional fifth year of eligibility. Court documents indicate Lipsey may return to the Cyclones if given a chance.
Lipsey was among a batch of approximately 90 athletes who entered a class-action lawsuit filed in the state of Indiana against the NCAA. Across the country, many athletes in various sports are suing the NCAA in an effort to get a fifth year of eligibility.
In June, the NCAA Division I Cabinet unanimously approved a new five-year, age-based eligibility model, also known as the "five-for-five rule," which went into effect starting with the 2026-27 academic year. The new rule provides student-athletes across all sports with five years of eligibility over five seasons.
Under the new guidelines, each player's eligibility clock begins upon initial full-time college enrollment or at the beginning of the academic year following the athlete's 19th birthday, whichever occurs first. The "five-for-five rule" pertained to those enrolled in colleges for the 2026-27 school year. So those who concluded their collegiate careers in 2026, particularly high school athletes who graduated in 2022 and played four years of college without redshirting, were initially not included by the NCAA's new ruling.
#year #athletes #college #state
10 hours ago
An Ohio congresswoman is facing major blowback online after suggesting that lynchings are on the rise in the United States, despite that claim being widely debunked last week.
"In the last year, there's been an alarming increase in Black Americans found dead hanging from trees. We know what that has meant throughout our history," said Rep. Shontel Brown, D-Ohio, on X. "That's why I've joined [Rep. Ayanna Pressley, D-Mass.] to demand a federal investigation into possible lynchings."
Fox News Digital reviewed some high-profile cases after Pressley's letter to the DOJ demanding "thorough, transparent, and comprehensive federal investigation into every hanging death of a Black individual across the United States." Last week, Pressley and Rep. Alexandria Ocasio-Cortez, D-N.Y., posted about the letter on their X accounts, drawing blowback and widespread debunking of the suggestion that there has been an uptick in lynchings.
Rep. Shontel Brown, D-Ohio, takes her seat for the House Oversight and Government Reform Committee hearing with "Sanctuary State Governors" in the Capitol Visitor Center on Thursday, June 12, 2025.
Governor Blames Activists In Nolan Wells Case For 'Stoking Division,' Official Says Fbi Probing Threats
#ohio #states
"In the last year, there's been an alarming increase in Black Americans found dead hanging from trees. We know what that has meant throughout our history," said Rep. Shontel Brown, D-Ohio, on X. "That's why I've joined [Rep. Ayanna Pressley, D-Mass.] to demand a federal investigation into possible lynchings."
Fox News Digital reviewed some high-profile cases after Pressley's letter to the DOJ demanding "thorough, transparent, and comprehensive federal investigation into every hanging death of a Black individual across the United States." Last week, Pressley and Rep. Alexandria Ocasio-Cortez, D-N.Y., posted about the letter on their X accounts, drawing blowback and widespread debunking of the suggestion that there has been an uptick in lynchings.
Rep. Shontel Brown, D-Ohio, takes her seat for the House Oversight and Government Reform Committee hearing with "Sanctuary State Governors" in the Capitol Visitor Center on Thursday, June 12, 2025.
Governor Blames Activists In Nolan Wells Case For 'Stoking Division,' Official Says Fbi Probing Threats
#ohio #states
13 hours ago
September's debate over Chinese and American AI spending puts Alibaba Group Holding Limited (NYSE:BABA) and Amazon.com, Inc. (NASDAQ:AMZN) on opposite sides of the same investment question. Both report strong demand for computing services. Shareholders still need that demand to justify the infrastructure bill.
September 7 coverage of Jefferies' ***** ysis highlighted differences in spending intensity. The companies' own results suggest a more useful test than choosing a winner from headline capital expenditures: distinguish operating progress from cash committed ahead of future growth.
Alibaba's August 20 report showed June-quarter AI Cloud and Compute Services revenue increasing 45% to RMB48.44 billion. Segment adjusted EBITA reached RMB5.63 billion. The reporting group now combines its former Cloud Intelligence Group with T-Head, so investors should use the company's recast comparisons.
That operating improvement supports the case that computing demand can generate returns. It does not mean the spending cycle has already paid for itself. Group capital expenditures reached RMB67.68 billion, while free cash flow, a non-GAAP liquidity measure, was negative RMB44.67 billion for the quarter.
The opportunity is to keep expanding customer demand and utilization as new infrastructure becomes available. The risk is that cash outlays remain elevated while weaker returns elsewhere in the group reduce the room for error. Cloud growth alone cannot settle the value of the entire business.
#spending #cash #Services
September 7 coverage of Jefferies' ***** ysis highlighted differences in spending intensity. The companies' own results suggest a more useful test than choosing a winner from headline capital expenditures: distinguish operating progress from cash committed ahead of future growth.
Alibaba's August 20 report showed June-quarter AI Cloud and Compute Services revenue increasing 45% to RMB48.44 billion. Segment adjusted EBITA reached RMB5.63 billion. The reporting group now combines its former Cloud Intelligence Group with T-Head, so investors should use the company's recast comparisons.
That operating improvement supports the case that computing demand can generate returns. It does not mean the spending cycle has already paid for itself. Group capital expenditures reached RMB67.68 billion, while free cash flow, a non-GAAP liquidity measure, was negative RMB44.67 billion for the quarter.
The opportunity is to keep expanding customer demand and utilization as new infrastructure becomes available. The risk is that cash outlays remain elevated while weaker returns elsewhere in the group reduce the room for error. Cloud growth alone cannot settle the value of the entire business.
#spending #cash #Services
13 hours ago
On August 4, Willis Lease Finance Corporation (NASDAQ:WLFC) reported second-quarter results that pulled in two directions at once. The lessor of commercial aircraft engines grew its operating business at a healthy clip, yet net income fell by more than half, a split that makes this quarter harder to read than the headline suggests.
Income from operations climbed 20.2% to $34.0 million in the quarter ended June 30, 2026, and the engine underneath that number is lease rent revenue, which rose 6.7% to $77.1 million as the average size of Willis Lease's portfolio expanded from a year earlier. Over the first six months of 2026, lease rent revenue is up 10.4% to $154.5 million, a steadier pace than the quarterly figure alone implies.
The company's trading business added to that. Willis Lease booked a $32.0 million gain on the sale of leased equipment, up 16.2%, after selling 21 engines and other parts and equipment during the quarter, compared with 14 engines and two airframes a year earlier. That kind of turnover matters for a leasing company, since selling ****** ets at a gain confirms that engine values in the market are holding up.
The bigger story sits in how Willis Lease is expanding beyond its own balance sheet. ****** ets under management, which folds in the company's on-balance-sheet fleet along with its Willis Aviation Capital business, grew 21% year over year to $4.4 billion. CEO Austin C. Willis tied that growth directly to building out Willis Aviation Capital, and the fee income backs that up: management and advisory fees jumped 113.4% to $5.5 million in the quarter and 194.9% to $13.4 million over six months. Two new investment fund partnerships, one with Liberty Mutual Investments that began operating in March 2026 and one with Blackstone Credit & Insurance that started in April 2026, are the mechanics behind that shift toward managing other people's capital rather than only deploying its own.
Net income attributable to common shareholders fell 51.2% to $28.7 million, and diluted earnings per share dropped from $2.81 to $1.31. Some of that gap traces to a tough comparison rather than a weaker quarter, since the second quarter of 2025 included a $43.0 million gain from the sale of the BAML business that had no counterpart this year. Willis Lease also recognized a $5.4 million loss on debt extinguishment in the quarter, and $12.4 million over six months, a cost tied to refinancing that simply was not there in 2025.
#lease #capital #months
Income from operations climbed 20.2% to $34.0 million in the quarter ended June 30, 2026, and the engine underneath that number is lease rent revenue, which rose 6.7% to $77.1 million as the average size of Willis Lease's portfolio expanded from a year earlier. Over the first six months of 2026, lease rent revenue is up 10.4% to $154.5 million, a steadier pace than the quarterly figure alone implies.
The company's trading business added to that. Willis Lease booked a $32.0 million gain on the sale of leased equipment, up 16.2%, after selling 21 engines and other parts and equipment during the quarter, compared with 14 engines and two airframes a year earlier. That kind of turnover matters for a leasing company, since selling ****** ets at a gain confirms that engine values in the market are holding up.
The bigger story sits in how Willis Lease is expanding beyond its own balance sheet. ****** ets under management, which folds in the company's on-balance-sheet fleet along with its Willis Aviation Capital business, grew 21% year over year to $4.4 billion. CEO Austin C. Willis tied that growth directly to building out Willis Aviation Capital, and the fee income backs that up: management and advisory fees jumped 113.4% to $5.5 million in the quarter and 194.9% to $13.4 million over six months. Two new investment fund partnerships, one with Liberty Mutual Investments that began operating in March 2026 and one with Blackstone Credit & Insurance that started in April 2026, are the mechanics behind that shift toward managing other people's capital rather than only deploying its own.
Net income attributable to common shareholders fell 51.2% to $28.7 million, and diluted earnings per share dropped from $2.81 to $1.31. Some of that gap traces to a tough comparison rather than a weaker quarter, since the second quarter of 2025 included a $43.0 million gain from the sale of the BAML business that had no counterpart this year. Willis Lease also recognized a $5.4 million loss on debt extinguishment in the quarter, and $12.4 million over six months, a cost tied to refinancing that simply was not there in 2025.
#lease #capital #months
13 hours ago
On August 6, The RealReal (NASDAQ:REAL) reported second quarter results that beat its own outlook and pushed the resale luxury marketplace to raise its full year guidance. Gross merchandise value hit an all time high of $617 million, up 22% from a year earlier, and management pointed to four straight quarters of GMV growth above 20%. But a wider net loss sitting next to those record numbers complicates the story for anyone weighing the stock today.
The headline number is GMV of $617 million for the quarter ended June 30, up 22% year over year, with total revenue climbing 17% to $193 million. Consignment revenue grew 15% while Direct Revenue, the company's owned inventory channel, grew 26%, showing both sides of the business contributing to the acceleration. Profitability moved in the same direction. Gross margin reached 74.4%, up 10 basis points from a year ago, and Adjusted EBITDA margin jumped to 7%, a 290 basis point improvement that management called nearly 300 basis points of expansion.
The buyer base backs up the growth story rather than just the pricing. Trailing twelve-month active buyers rose 11% to 1,107,000, and average order value climbed 13% to $659, meaning existing shoppers are spending meaningfully more per transaction, not just showing up more often. That combination gave management enough confidence to raise full-year guidance to $2.54 billion to $2.57 billion in GMV and $788 million to $797 million in total revenue, alongside third-quarter Adjusted EBITDA guidance of $13.5 million to $14.5 million.
Despite the operating improvements, GAAP losses widened. Net loss came in at $27 million, or 14.1% of total revenue, compared to $11 million, or 6.9% of total revenue, a year earlier. GAAP basic net loss per share was $0.23 versus $0.10 in the prior year period, and diluted net loss per share was $0.23 versus $0.13. Much of that swing traces to a $(18.6) million non-cash adjustment tied to the change in fair value of warrant liability, a factor unrelated to how the underlying business performed. On a non-GAAP basis, basic and diluted net loss per share actually narrowed to $0.01 from $0.06, underscoring how much of the GAAP gap is accounting rather than operations.
There is also a transparency wrinkle in the guidance itself. The RealReal said it has not reconciled its forward-looking Adjusted EBITDA figures to GAAP net income or loss, citing components like payroll tax expense on employee stock transactions that it cannot predict with reasonable certainty. That leaves investors trusting a non-GAAP target without the usual bridge back to the bottom line.
#adjusted
The headline number is GMV of $617 million for the quarter ended June 30, up 22% year over year, with total revenue climbing 17% to $193 million. Consignment revenue grew 15% while Direct Revenue, the company's owned inventory channel, grew 26%, showing both sides of the business contributing to the acceleration. Profitability moved in the same direction. Gross margin reached 74.4%, up 10 basis points from a year ago, and Adjusted EBITDA margin jumped to 7%, a 290 basis point improvement that management called nearly 300 basis points of expansion.
The buyer base backs up the growth story rather than just the pricing. Trailing twelve-month active buyers rose 11% to 1,107,000, and average order value climbed 13% to $659, meaning existing shoppers are spending meaningfully more per transaction, not just showing up more often. That combination gave management enough confidence to raise full-year guidance to $2.54 billion to $2.57 billion in GMV and $788 million to $797 million in total revenue, alongside third-quarter Adjusted EBITDA guidance of $13.5 million to $14.5 million.
Despite the operating improvements, GAAP losses widened. Net loss came in at $27 million, or 14.1% of total revenue, compared to $11 million, or 6.9% of total revenue, a year earlier. GAAP basic net loss per share was $0.23 versus $0.10 in the prior year period, and diluted net loss per share was $0.23 versus $0.13. Much of that swing traces to a $(18.6) million non-cash adjustment tied to the change in fair value of warrant liability, a factor unrelated to how the underlying business performed. On a non-GAAP basis, basic and diluted net loss per share actually narrowed to $0.01 from $0.06, underscoring how much of the GAAP gap is accounting rather than operations.
There is also a transparency wrinkle in the guidance itself. The RealReal said it has not reconciled its forward-looking Adjusted EBITDA figures to GAAP net income or loss, citing components like payroll tax expense on employee stock transactions that it cannot predict with reasonable certainty. That leaves investors trusting a non-GAAP target without the usual bridge back to the bottom line.
#adjusted
13 hours ago
On August 10, Red Violet Inc. (NASDAQ:RDVT) reported second-quarter 2026 results for the period ended June 30 that showed the company converting growth into profit at an accelerating clip. Revenue rose 23% to $26.7 million, and net income nearly doubled to $5 million. For a company built on selling identity intelligence to businesses, watching net margin move from 12% to 19% says that growth is not costing more to produce.
Gross profit climbed 29% to $20.2 million, pushing gross margin to 76% from 72%, while adjusted EBITDA jumped 48% to $11.2 million as its margin widened to 42% from 35%. Adjusted net income rose 58% to $7.2 million. Cash generation told the same story: operating cash flow increased 42% to a record $10.6 million for the quarter. None of that came from adding customers who barely move the needle. Red Violet signed on 447 new IDI customers in the quarter, a company record, ending with 10,869 customers on the platform.
FOREWARN, its product built for real estate agents, picked up 25,493 new users to reach 443,173, and 660 REALTOR ****** ociations across the country are now under contract to use it. The company also closed an underwritten public offering in August that sold 1,916,667 shares, including 250,000 shares from the underwriters' full exercise of their option, generating net proceeds of about $109.0 million. Between the funds already on hand and this new raise, Red Violet says it holds over $160 million in cash and carries no debt, money earmarked for working capital and possible acquisitions.
CEO Derek Dubner called it what he described as "the strongest pipeline of strategic initiatives" in the company's history. The company also repurchased 74,500 shares by June 30, paying $41.87 per share on average, and had $15.5 million left on its buyback authorization.
The August offering that padded Red Violet's cash balance also added 1,916,667 new shares to the count, arriving in the same year that per-share profit is climbing fastest. Diluted earnings came in a penny below basic at $0.34, and adjusted diluted earnings landed at $0.50 versus $0.51 on a basic basis, a gap new shares will only widen going forward. There is also a timing tension worth sitting with: Red Violet spent part of the quarter buying back its own stock at an average of $41.87 a share, then turned around weeks later and sold new shares to the public.
#million
Gross profit climbed 29% to $20.2 million, pushing gross margin to 76% from 72%, while adjusted EBITDA jumped 48% to $11.2 million as its margin widened to 42% from 35%. Adjusted net income rose 58% to $7.2 million. Cash generation told the same story: operating cash flow increased 42% to a record $10.6 million for the quarter. None of that came from adding customers who barely move the needle. Red Violet signed on 447 new IDI customers in the quarter, a company record, ending with 10,869 customers on the platform.
FOREWARN, its product built for real estate agents, picked up 25,493 new users to reach 443,173, and 660 REALTOR ****** ociations across the country are now under contract to use it. The company also closed an underwritten public offering in August that sold 1,916,667 shares, including 250,000 shares from the underwriters' full exercise of their option, generating net proceeds of about $109.0 million. Between the funds already on hand and this new raise, Red Violet says it holds over $160 million in cash and carries no debt, money earmarked for working capital and possible acquisitions.
CEO Derek Dubner called it what he described as "the strongest pipeline of strategic initiatives" in the company's history. The company also repurchased 74,500 shares by June 30, paying $41.87 per share on average, and had $15.5 million left on its buyback authorization.
The August offering that padded Red Violet's cash balance also added 1,916,667 new shares to the count, arriving in the same year that per-share profit is climbing fastest. Diluted earnings came in a penny below basic at $0.34, and adjusted diluted earnings landed at $0.50 versus $0.51 on a basic basis, a gap new shares will only widen going forward. There is also a timing tension worth sitting with: Red Violet spent part of the quarter buying back its own stock at an average of $41.87 a share, then turned around weeks later and sold new shares to the public.
#million
13 hours ago
On August 6, PureCycle Technologies (NASDAQ:PCT) reported second-quarter results for the period ended June 30, and buried in the numbers was something the plastics recycler has chased for years: an actual branded product on store shelves. Select Downy detergent caps made with PureCycle's PureFive resin entered commercial production for Procter & Gamble during the quarter, the first tangible sign the company's purification technology can clear a major consumer brand's supply chain. Revenue came in at $4.5 million, up roughly 173% from a year earlier and the sixth straight quarter of sequential growth.
The Downy win was not an isolated event. PureCycle said select Tide caps are scheduled for retail production in the third quarter, with Vicks ZzzQuil PURE Zzzs child-resistant lids targeted for the fourth quarter of 2026. Seven customer conversions took place during the quarter, alongside six new commercial partnerships spanning closures, automotive, film, and food packaging, including Amcor, Motherson, and Innovia Films. Regulation is doing real work here too. New Jersey's Department of Environmental Protection approved PureFive as post-consumer recycled content, a decision that arrives as the state's food contact exemption expires in January 2027 and its recycled content requirement climbs to 20%, while California's SB54 is already in effect.
Operationally, the Ironton facility's planned turnaround finished ahead of schedule and under budget, with more than 170 reliability and rate projects completed and inspections showing no corrosion on major equipment. On-site compounding, commissioned in April, is now running 24 hours a day, five days a week, with plans to expand to seven by the fourth quarter. PureCycle also picked up ISO 9001:2015 certification in May and closed the quarter with $236.9 million in total liquidity after a June capital raise.
The other side of the ledger is harder to ignore. PureCycle posted a net loss of $142.2 million for the quarter, and adjusted EBITDA actually widened to a loss of $31.7 million from a loss of $27.8 million a year earlier, a shift the company attributes to smaller non-cash addbacks rather than weaker operations. PureFive production fell to 4.5 million pounds for the quarter, a direct result of the planned turnaround, even though output was still up about 32% from a year ago. Growth is not coming cheap either. Full-year 2026 project spending guidance was raised to a range of $45 million to $50 million, up from the prior $39 million to $45 million.
#year #loss
The Downy win was not an isolated event. PureCycle said select Tide caps are scheduled for retail production in the third quarter, with Vicks ZzzQuil PURE Zzzs child-resistant lids targeted for the fourth quarter of 2026. Seven customer conversions took place during the quarter, alongside six new commercial partnerships spanning closures, automotive, film, and food packaging, including Amcor, Motherson, and Innovia Films. Regulation is doing real work here too. New Jersey's Department of Environmental Protection approved PureFive as post-consumer recycled content, a decision that arrives as the state's food contact exemption expires in January 2027 and its recycled content requirement climbs to 20%, while California's SB54 is already in effect.
Operationally, the Ironton facility's planned turnaround finished ahead of schedule and under budget, with more than 170 reliability and rate projects completed and inspections showing no corrosion on major equipment. On-site compounding, commissioned in April, is now running 24 hours a day, five days a week, with plans to expand to seven by the fourth quarter. PureCycle also picked up ISO 9001:2015 certification in May and closed the quarter with $236.9 million in total liquidity after a June capital raise.
The other side of the ledger is harder to ignore. PureCycle posted a net loss of $142.2 million for the quarter, and adjusted EBITDA actually widened to a loss of $31.7 million from a loss of $27.8 million a year earlier, a shift the company attributes to smaller non-cash addbacks rather than weaker operations. PureFive production fell to 4.5 million pounds for the quarter, a direct result of the planned turnaround, even though output was still up about 32% from a year ago. Growth is not coming cheap either. Full-year 2026 project spending guidance was raised to a range of $45 million to $50 million, up from the prior $39 million to $45 million.
#year #loss
14 hours 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
14 hours ago
On September 10, Tsakos Energy Navigation (NYSE:TEN) reported a first half of 2026 that reads like a fantasy year for a decades-old tanker operator. Net income hit $228 million, more than triple what the company earned over the same six months a year earlier, while diluted EPS climbed to $7.12 from $1.70. Behind those numbers sits a rare combination: a fleet locked into billions in forward earnings, war-driven cargo detours pushing rates higher, and a newbuilding bet that has already paid off before half the ships have even hit the water.
The earnings power came from two directions at once. The average time charter equivalent rate rose 41% to $43,503 a day in the first half, and profit-sharing contracts on nine large vessels brought in $71 million, up from just $10 million a year earlier. Even with six vessels pulled from service for scheduled dry docks, the fleet still ran at 96.5% utilization. Second-quarter results followed the same pattern, with net income of $139.3 million, which included a $38 million gain on ******* et sales, and earnings per share of $4.40 against $0.67 in last year's second quarter.
Tsakos is also sitting on a fleet renewal bet that already worked out. Since the start of 2023, the company has sold 20 tankers averaging 17.3 years old and replaced them with 35 vessels averaging just half a year old. Its 26-ship newbuilding program, contracted for about $3.1 billion, is now valued roughly 30% above that cost, and CEO Nikolas Tsakos said the VLCCs in that order book have nearly doubled in price since they were placed. With $466 million in cash and forward committed earnings of roughly $3.5 billion, management has room to raise its dividend, which already paid out $1.60 per share this year, and is weighing whether to redeem $120 million of 9.25% preferred shares, a move it estimates could add $0.30 to $0.40 to EPS.
That performance came against a backdrop the company would rather not have. President George Saroglou said vessels have been attacked, and seafarers hurt or killed trying to keep global trade moving through the Strait of Hormuz, where a ceasefire unraveled roughly halfway through its planned 60-day run and a US naval presence now tries to manage safe passage. Tsakos has chosen to route around the strait entirely rather than put crews through the toll those attacks take.
The cost side is climbing too. Bunker prices jumped about 25%, pushing first-half voyage expenses to $82 million from $68 million, and operating expenses rose to $111 million from $102 million on higher dry-docking costs and inflation. Total debt reached $2.1 billion at the end of June, up from $1.8 billion a year earlier, as the company finances its newbuilding program. And while profit-sharing revenue jumped, the operating days tied to those market-related contracts actually fell 22%, meaning a smaller slice of the fleet is left exposed to capture further spot-rate gains if the tanker market keeps running hot.
#billion
The earnings power came from two directions at once. The average time charter equivalent rate rose 41% to $43,503 a day in the first half, and profit-sharing contracts on nine large vessels brought in $71 million, up from just $10 million a year earlier. Even with six vessels pulled from service for scheduled dry docks, the fleet still ran at 96.5% utilization. Second-quarter results followed the same pattern, with net income of $139.3 million, which included a $38 million gain on ******* et sales, and earnings per share of $4.40 against $0.67 in last year's second quarter.
Tsakos is also sitting on a fleet renewal bet that already worked out. Since the start of 2023, the company has sold 20 tankers averaging 17.3 years old and replaced them with 35 vessels averaging just half a year old. Its 26-ship newbuilding program, contracted for about $3.1 billion, is now valued roughly 30% above that cost, and CEO Nikolas Tsakos said the VLCCs in that order book have nearly doubled in price since they were placed. With $466 million in cash and forward committed earnings of roughly $3.5 billion, management has room to raise its dividend, which already paid out $1.60 per share this year, and is weighing whether to redeem $120 million of 9.25% preferred shares, a move it estimates could add $0.30 to $0.40 to EPS.
That performance came against a backdrop the company would rather not have. President George Saroglou said vessels have been attacked, and seafarers hurt or killed trying to keep global trade moving through the Strait of Hormuz, where a ceasefire unraveled roughly halfway through its planned 60-day run and a US naval presence now tries to manage safe passage. Tsakos has chosen to route around the strait entirely rather than put crews through the toll those attacks take.
The cost side is climbing too. Bunker prices jumped about 25%, pushing first-half voyage expenses to $82 million from $68 million, and operating expenses rose to $111 million from $102 million on higher dry-docking costs and inflation. Total debt reached $2.1 billion at the end of June, up from $1.8 billion a year earlier, as the company finances its newbuilding program. And while profit-sharing revenue jumped, the operating days tied to those market-related contracts actually fell 22%, meaning a smaller slice of the fleet is left exposed to capture further spot-rate gains if the tanker market keeps running hot.
#billion
14 hours ago
1
Former Manchester United defender Brandon Williams has been handed a major reprieve by Rotherham United, just weeks after the club released him.
Williams has had a troubling past few years since he left United in the summer of 2024 as a free agent.
Last month, it was confirmed that he had left Rotherham following an unsuccessful trial. It was stated that the Millers had opted against offering him a contract.
Williams had been training with the League Two side since June and featured for them in pre-season.
#manchester
Former Manchester United defender Brandon Williams has been handed a major reprieve by Rotherham United, just weeks after the club released him.
Williams has had a troubling past few years since he left United in the summer of 2024 as a free agent.
Last month, it was confirmed that he had left Rotherham following an unsuccessful trial. It was stated that the Millers had opted against offering him a contract.
Williams had been training with the League Two side since June and featured for them in pre-season.
#manchester
14 hours ago
Well, there's not much to say about this lineup. David Peterson throws with his left hand. The Braves don't have Lane Thomas on hand anymore, so it's basically your standard lineup with Sean Murphy and Ha-Seong Kim bringing up the rear.
This is the same lineup the Braves used in what ended up being that 12-2 game against the Phillies. Given that Peterson probably won't last long given his inefficiency, the Braves may be hoping for a similar result.
I guess I'll talk about Ozzie Albies. He's hitting cleanup for the 21st time this season. His season is basically tanking. He started out with a near-.400 wOBA in April while running an average xwOBA, had a poor May, an okay-ish June, and then ran another huge xwOBA overperformance on a bad xwOBA in July. Since then, it's been absolutely grim. In August, he had a .275 wOBA and .283 xwOBA. In September, he's down to a .212 wOBA and .218 xwOBA. As has also been the case for a while, Albies is no longer terrorizing lefties. In his first seven seasons, he had five where he hit lefties super-well, and one of the ones where he didn't was a tiny-sample 2020 where he was hurt. In both 2024 and 2025, his xwOBA against lefties dwindled to an okay .325ish. This year? He's down to .282. He's only posted an xwOBA at or above .300 against lefties this season in April and July. In September so far, it's .171. There's not really that much time for Albies to change the script of his season, but this is a really disappointing follow-up to 2025 and it's going to be the third straight year where Albies turns in an underwhelming season.
Anyway, should we do batter versus pitcher while waiting for the Cubs to post their lineup? Sure, I guess. These guys are very familiar with Peterson, after all. Amazingly, neither Drake Baldwin nor Mauricio Dubon have ever faced Peterson, and Kim only has four PAs against him, but everyone else has somewhere between 12 and 30. Ronald Acuña Jr. and Matt Olson have destroyed Peterson in their careers, and Riley's been fine, but everyone else has struggled a bit. Add this all up, and you get a .318 wOBA and .347 xwOBA in 141 career head-to-head PAs.
As for the Cubs, well…
#peterson #woba #well
This is the same lineup the Braves used in what ended up being that 12-2 game against the Phillies. Given that Peterson probably won't last long given his inefficiency, the Braves may be hoping for a similar result.
I guess I'll talk about Ozzie Albies. He's hitting cleanup for the 21st time this season. His season is basically tanking. He started out with a near-.400 wOBA in April while running an average xwOBA, had a poor May, an okay-ish June, and then ran another huge xwOBA overperformance on a bad xwOBA in July. Since then, it's been absolutely grim. In August, he had a .275 wOBA and .283 xwOBA. In September, he's down to a .212 wOBA and .218 xwOBA. As has also been the case for a while, Albies is no longer terrorizing lefties. In his first seven seasons, he had five where he hit lefties super-well, and one of the ones where he didn't was a tiny-sample 2020 where he was hurt. In both 2024 and 2025, his xwOBA against lefties dwindled to an okay .325ish. This year? He's down to .282. He's only posted an xwOBA at or above .300 against lefties this season in April and July. In September so far, it's .171. There's not really that much time for Albies to change the script of his season, but this is a really disappointing follow-up to 2025 and it's going to be the third straight year where Albies turns in an underwhelming season.
Anyway, should we do batter versus pitcher while waiting for the Cubs to post their lineup? Sure, I guess. These guys are very familiar with Peterson, after all. Amazingly, neither Drake Baldwin nor Mauricio Dubon have ever faced Peterson, and Kim only has four PAs against him, but everyone else has somewhere between 12 and 30. Ronald Acuña Jr. and Matt Olson have destroyed Peterson in their careers, and Riley's been fine, but everyone else has struggled a bit. Add this all up, and you get a .318 wOBA and .347 xwOBA in 141 career head-to-head PAs.
As for the Cubs, well…
#peterson #woba #well
15 hours ago
A prisoner's premature baby died in hospital a day after he was born by emergency Caesarean section, an inquest has heard.
Orion Homer was born at 01:06 on 15 October 2023 at Royal Derby Hospital at 34 weeks plus five days gestation and died the following day.
An inquest at Derby Coroner's Court heard his mother Ellen Roberts was a prisoner at HMP Foston Hall and was taken to the hospital on 14 October after she raised concerns about reduced foetal movement.
Orion was "gravely unwell and very pale" when he was born and needed CPR and breathing support, the inquest heard.
Roberts had spent some of her pregnancy in prison in June and July 2023, before she was released at the end of July but recalled back on 10 October, the jury inquest heard.
#heard #roberts #july
Orion Homer was born at 01:06 on 15 October 2023 at Royal Derby Hospital at 34 weeks plus five days gestation and died the following day.
An inquest at Derby Coroner's Court heard his mother Ellen Roberts was a prisoner at HMP Foston Hall and was taken to the hospital on 14 October after she raised concerns about reduced foetal movement.
Orion was "gravely unwell and very pale" when he was born and needed CPR and breathing support, the inquest heard.
Roberts had spent some of her pregnancy in prison in June and July 2023, before she was released at the end of July but recalled back on 10 October, the jury inquest heard.
#heard #roberts #july
17 hours ago
Iowa wrestler Jordan Williams has been charged with operating while under the influence, according to Johnson County court records.
This is Williams' second OWI charge, according to court documents, with the first coming in Payne County, Oklahoma, in August 2023.
The incident occurred Sept. 7. According to a police affidavit, an officer approached a vehicle that had been running with its lights on for "at least" two hours in a parking lot/garage at 180 E. Burlington St. in Iowa City. The officer found Williams unconscious with an open container of alcohol in his lap.
The police affidavit states that after Williams woke up, the officer observed an alcohol smell, slurred speech and bloodshot eyes, as well as Williams showing impairment in standardized field sobriety tests. Williams refused a preliminary breath test, according to the police affidavit.
This is Williams' second off-the-mat incident since committing to Iowa in 2025. On June 14, 2025, while Williams was publicly committed to Iowa but not yet signed, he was involved in an incident at ReUnion Brewery in Iowa City. He and his attorney later agreed to an amended plea of a simple misdemeanor charge for disorderly conduct.
#affidavit
This is Williams' second OWI charge, according to court documents, with the first coming in Payne County, Oklahoma, in August 2023.
The incident occurred Sept. 7. According to a police affidavit, an officer approached a vehicle that had been running with its lights on for "at least" two hours in a parking lot/garage at 180 E. Burlington St. in Iowa City. The officer found Williams unconscious with an open container of alcohol in his lap.
The police affidavit states that after Williams woke up, the officer observed an alcohol smell, slurred speech and bloodshot eyes, as well as Williams showing impairment in standardized field sobriety tests. Williams refused a preliminary breath test, according to the police affidavit.
This is Williams' second off-the-mat incident since committing to Iowa in 2025. On June 14, 2025, while Williams was publicly committed to Iowa but not yet signed, he was involved in an incident at ReUnion Brewery in Iowa City. He and his attorney later agreed to an amended plea of a simple misdemeanor charge for disorderly conduct.
#affidavit
17 hours ago
Josh Hokit wasted no time making his case for UFC gold after Tom Aspinall vacated the heavyweight ******* le Monday.
Aspinall relinquished his championship after suffering yet another setback in his ongoing recovery from the eye injuries he sustained against Ciryl Gane at UFC 321 last October. The move clears the way for the UFC heavyweight division to resume it's usual activity; Gane defeated Alex Pereira at UFC Freedom 250 in June to claim an interim ******* le, and will likely be formally upgraded to undisputed heavyweight champion in short order.
And Hokit wants the first crack.
"The fans deserve Me vs Gane. I'll give Ciryl what he has coming. If Alex can win 1 fight in my weight class, I'll give it to him too, early '27. I'll be the most active champ in the company."
Pereira has continued to campaign for an immediate rematch with Gane in the months since UFC Freedom 250, accusing the Frenchmen of using illegal strikes to the back of the head to defeat him in their battle on the White House's South Lawn. Hokit, though, has repeatedly dismissed the former two-division UFC champion, arguing that Pereira should have to earn his way back after being stopped by Gane in less than two rounds.
#pereira #title
Aspinall relinquished his championship after suffering yet another setback in his ongoing recovery from the eye injuries he sustained against Ciryl Gane at UFC 321 last October. The move clears the way for the UFC heavyweight division to resume it's usual activity; Gane defeated Alex Pereira at UFC Freedom 250 in June to claim an interim ******* le, and will likely be formally upgraded to undisputed heavyweight champion in short order.
And Hokit wants the first crack.
"The fans deserve Me vs Gane. I'll give Ciryl what he has coming. If Alex can win 1 fight in my weight class, I'll give it to him too, early '27. I'll be the most active champ in the company."
Pereira has continued to campaign for an immediate rematch with Gane in the months since UFC Freedom 250, accusing the Frenchmen of using illegal strikes to the back of the head to defeat him in their battle on the White House's South Lawn. Hokit, though, has repeatedly dismissed the former two-division UFC champion, arguing that Pereira should have to earn his way back after being stopped by Gane in less than two rounds.
#pereira #title
17 hours ago
Kansas City, Missouri — Vice President JD Vance announced Monday the Trump administration will suspend roughly 870,000 people suspected of defrauding pandemic-era small business programs from receiving future federal loans.
The vice president contended that borrowers who stole taxpayer money should no longer be eligible to receive loans from government-backed programs.
"If you screwed the American taxpayer, the federal government is now going to say you're cut off, no more," Vance told reporters. "You shouldn't be applying anymore, and if you do apply, you're no longer able to get those benefits."
His remarks came as the Justice Department announced a slew of cases in a nationwide crackdown on fraud involving the COVID-19-era Paycheck Protection Program.
The department's enforcement push, which ran from June 12 through Sept. 1 and was dubbed "Heartland fraud surge," resulted in actions involving more than 160 defendants and approximately $245 million in intended losses to taxpayers. The operation was put into action more than five years after the government pushed emergency loans to businesses nationwide that were struggling as a result of the coronavirus pandemic.
#president #pandemic #federal
The vice president contended that borrowers who stole taxpayer money should no longer be eligible to receive loans from government-backed programs.
"If you screwed the American taxpayer, the federal government is now going to say you're cut off, no more," Vance told reporters. "You shouldn't be applying anymore, and if you do apply, you're no longer able to get those benefits."
His remarks came as the Justice Department announced a slew of cases in a nationwide crackdown on fraud involving the COVID-19-era Paycheck Protection Program.
The department's enforcement push, which ran from June 12 through Sept. 1 and was dubbed "Heartland fraud surge," resulted in actions involving more than 160 defendants and approximately $245 million in intended losses to taxpayers. The operation was put into action more than five years after the government pushed emergency loans to businesses nationwide that were struggling as a result of the coronavirus pandemic.
#president #pandemic #federal
17 hours ago
Philippine authorities said it could take weeks or months to identify victims of a ferry fire that killed 76 people last week.
"Most of them are already in a charred condition," Richard Allan Mangalip, a forensic specialist from the Philippine National Police, told reporters on Sunday. Family members have been asked to help identify victims with personal items or DNA samples.
The MV June Aster was heading from Manila to Coron in Palawan province, a popular holiday destination, when a fire started in its cargo hold and spread rapidly throughout the vessel.
Forty-three people survived the disaster, while 13 people remain unaccounted for, authorities said.
Mangalip said they were "trying [their] best to collect the possible identifying marks" from victims' remains.
#mangalip #authorities #national
"Most of them are already in a charred condition," Richard Allan Mangalip, a forensic specialist from the Philippine National Police, told reporters on Sunday. Family members have been asked to help identify victims with personal items or DNA samples.
The MV June Aster was heading from Manila to Coron in Palawan province, a popular holiday destination, when a fire started in its cargo hold and spread rapidly throughout the vessel.
Forty-three people survived the disaster, while 13 people remain unaccounted for, authorities said.
Mangalip said they were "trying [their] best to collect the possible identifying marks" from victims' remains.
#mangalip #authorities #national
18 hours ago
NEW YORK, NEW YORK - JUNE 03: Bob Mackie speaks onstage during the CFDA Fashion Awards at the Brooklyn Museum of Art on June 03, 2019 in New York City. (Photo by Nicholas Hunt/Getty Images)
Bob Mackie, a legendary costume designer who worked for the likes of Cher, Elton John and Carol Burnett for her classic series, has died.
Mackie's death was announced on Monday on his Instagram page. He was 87.
"It is with a heavy heart that we share the news that Mr. Bob Mackie passed away today," the Instagram announcement reads. "He lived his 87 years to the fullest, fulfilling his dream of being a Fashion and Costume Designer, which is all he ever wanted to do. His genius and extraordinary designs will live on forever, continuing to bring beauty into this world."
Among Mackie's most memorable designs was his dress for Cher, who presented Don Ameche his Best Supporting Actor Oscar for Cocoon at the 1985 Academy Awards.
#fashion #awards
Bob Mackie, a legendary costume designer who worked for the likes of Cher, Elton John and Carol Burnett for her classic series, has died.
Mackie's death was announced on Monday on his Instagram page. He was 87.
"It is with a heavy heart that we share the news that Mr. Bob Mackie passed away today," the Instagram announcement reads. "He lived his 87 years to the fullest, fulfilling his dream of being a Fashion and Costume Designer, which is all he ever wanted to do. His genius and extraordinary designs will live on forever, continuing to bring beauty into this world."
Among Mackie's most memorable designs was his dress for Cher, who presented Don Ameche his Best Supporting Actor Oscar for Cocoon at the 1985 Academy Awards.
#fashion #awards
20 hours ago
Jean Smart could set a brand-new record at the 2026 Primetime Emmy Awards on September 14. If she wins in the Outstanding Lead Actress in a Comedy Series for her role as Deborah Vance in the final season of Hacks, she'll be the first comedy lead actor to win for every season of a single television series.
Plus, the win would give her eight acting Emmys, which would tie the all-time record with Julia Louis-Dreyfus and Cloris Leachman.
With Smart back in the spotlight because of the awards show, we're taking a deep dive into her love life, including her current romance and her relationship with her late husband.
Smart is in a relationship with Joe Pacheco. While it's unclear exactly when they started dating, they made their red carpet debut at the 2024 Emmy Awards, then attended the Golden Globes together in 2025. Pacheco was once again Smart's date to the Emmys in 2025, Golden Globes 2026, and was by her side at the premiere for Hacks' final season in April.
The actress told CBS Mornings in June 2025 that she was dating a "wonderful actor." When she appeared on the Wiser Than Me podcast in May 2026, she called her boyfriend an "extremely lovely man" and said she met him at a friend's party.
#awards #lead
Plus, the win would give her eight acting Emmys, which would tie the all-time record with Julia Louis-Dreyfus and Cloris Leachman.
With Smart back in the spotlight because of the awards show, we're taking a deep dive into her love life, including her current romance and her relationship with her late husband.
Smart is in a relationship with Joe Pacheco. While it's unclear exactly when they started dating, they made their red carpet debut at the 2024 Emmy Awards, then attended the Golden Globes together in 2025. Pacheco was once again Smart's date to the Emmys in 2025, Golden Globes 2026, and was by her side at the premiere for Hacks' final season in April.
The actress told CBS Mornings in June 2025 that she was dating a "wonderful actor." When she appeared on the Wiser Than Me podcast in May 2026, she called her boyfriend an "extremely lovely man" and said she met him at a friend's party.
#awards #lead
20 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
21 hours ago
This offseason, the Heat witnessed a complete change in its roster. From superstar acquisitions through trade exchanges to top players leaving impressive salaries to join the roster, they saw a major upheaval. However, two players who were unaffected by these events were Andrew Wiggins and Simone Fontecchio.
Both players not only get to continue on the team but were also offered retention; a lifeline offered to only a handful this time. Now, with the next season approaching, the players have to meet high expectations to justify their contracts.
Earlier in the summer, Wiggins exercised the $30.1 million player option for the final year of his contract with Miami. But on June 29, the Heat decided to hand him a two-year, $34 million extension, bringing his term to a three-year, $64 million contract with them overall. He will be getting $16.5 million in 2027-28 and will have the player-option season worth $17.5 million in 2028-29. This is a huge financial security for any player, especially in a team that is aggressively looking to reinvent itself at the cost of its roster.
Wiggins was a dependable starter and brought stability last season,which he needs to continue this year. Wiggins averaged 15.4 points, 4.8 rebounds, and 2.7 ****** ists per game across 68 appearances. Maintaining his distance from defense, the 31-year-old needs to focus on being a high-efficiency 3-and-D wing, a role that saw him shine last year. He knocked down two threes a game at a career-best 41.4% clip in 2025-26.
At his rate, he could surely increase his average and show improvement. For the upcoming season, Wiggins should get perimeter shooting help from Klay Thompson, who he was teammates with in Golden State.
#wiggins #players #heat #continue
Both players not only get to continue on the team but were also offered retention; a lifeline offered to only a handful this time. Now, with the next season approaching, the players have to meet high expectations to justify their contracts.
Earlier in the summer, Wiggins exercised the $30.1 million player option for the final year of his contract with Miami. But on June 29, the Heat decided to hand him a two-year, $34 million extension, bringing his term to a three-year, $64 million contract with them overall. He will be getting $16.5 million in 2027-28 and will have the player-option season worth $17.5 million in 2028-29. This is a huge financial security for any player, especially in a team that is aggressively looking to reinvent itself at the cost of its roster.
Wiggins was a dependable starter and brought stability last season,which he needs to continue this year. Wiggins averaged 15.4 points, 4.8 rebounds, and 2.7 ****** ists per game across 68 appearances. Maintaining his distance from defense, the 31-year-old needs to focus on being a high-efficiency 3-and-D wing, a role that saw him shine last year. He knocked down two threes a game at a career-best 41.4% clip in 2025-26.
At his rate, he could surely increase his average and show improvement. For the upcoming season, Wiggins should get perimeter shooting help from Klay Thompson, who he was teammates with in Golden State.
#wiggins #players #heat #continue
21 hours ago
Kaley Cuoco showcased her glamorous pregnancy style at several events over the weekend, including the 2026 BAFTA Tea Party
Cuoco and her fiancé Tom Pelphrey are expecting their second child, a baby girl, after announcing the news in June
Celebrities like Lacey Chabert joined Cuoco at her fiesta-themed baby shower celebrating her growing family last month
Kaley Cuoco's pregnancy style is award-worthy.
On Monday, Sept. 14, the actress, 40, shared a glimpse into her glamorous pregnancy fashion from over the weekend in a series of snaps on her Instagram.
#bafta #party #pelphrey
Cuoco and her fiancé Tom Pelphrey are expecting their second child, a baby girl, after announcing the news in June
Celebrities like Lacey Chabert joined Cuoco at her fiesta-themed baby shower celebrating her growing family last month
Kaley Cuoco's pregnancy style is award-worthy.
On Monday, Sept. 14, the actress, 40, shared a glimpse into her glamorous pregnancy fashion from over the weekend in a series of snaps on her Instagram.
#bafta #party #pelphrey
22 hours ago
Prince Harry reportedly wants Princess Diana's most iconic fashion moment to live on through Meghan Markle. Per a source, the Duke of Sussex wants her famous "revenge dress" to be passed on to his wife. The claim has reignited discussion about the late princess's legacy and Harry's deep bond with his mother.
Prince Harry reportedly wants to acquire Princess Diana's iconic revenge dress, with insiders saying that he feels Meghan Markle should inherit it. The dress in question is the black, off-the-shoulder Christina Stambolian gown Diana wore in June 1994 to a Vanity Fair party at the Serpentine Gallery in London.
On the same night Prince Charles admitted to infidelity in a televised interview, the late Princess of Wales stepped out in a daring, figure-hugging dress. The press instantly dubbed the moment her "revenge dress." It has since become a symbol of strength, independence, and reclaiming one's narrative.
Now, Diana's unforgettable black dress is heading to Sotheby's New York. The auction house will sell it on December 9 for an estimated $150,000 to $300,000. However, according to sources who spoke to Rob Shuter's Naughty But Nice, Harry doesn't see this as mere royal memorabilia.
"Harry sees that dress as a symbol of his mother taking back her power," they explained. "Diana wore it to clap back at Charles, Camilla, and an institution that had made her miserable. In Harry's mind, Meghan understands that story better than almost anyone."
#wants #diana
Prince Harry reportedly wants to acquire Princess Diana's iconic revenge dress, with insiders saying that he feels Meghan Markle should inherit it. The dress in question is the black, off-the-shoulder Christina Stambolian gown Diana wore in June 1994 to a Vanity Fair party at the Serpentine Gallery in London.
On the same night Prince Charles admitted to infidelity in a televised interview, the late Princess of Wales stepped out in a daring, figure-hugging dress. The press instantly dubbed the moment her "revenge dress." It has since become a symbol of strength, independence, and reclaiming one's narrative.
Now, Diana's unforgettable black dress is heading to Sotheby's New York. The auction house will sell it on December 9 for an estimated $150,000 to $300,000. However, according to sources who spoke to Rob Shuter's Naughty But Nice, Harry doesn't see this as mere royal memorabilia.
"Harry sees that dress as a symbol of his mother taking back her power," they explained. "Diana wore it to clap back at Charles, Camilla, and an institution that had made her miserable. In Harry's mind, Meghan understands that story better than almost anyone."
#wants #diana
22 hours ago
A grandmother has described being "shell shocked" at becoming one of the joint winners of the official Black Pudding Throwing World Championships.
June Weir, 73, from Wilpshire, Lancashire, said she was delighted to become the first female to win the annual event at The Oak pub in Ramsbottom, Bury, on Sunday.
Hundreds of people cheered on the throwers as they hurled black puddings at Yorkshire puddings in the quirky sporting event, which first began more than a century ago and raises money for charity.
Weir, who was one of four competitors who toppled six Yorkshire puddings from a ledge, said: "This was my third time, no training whatsoever... and I actually won it. I can't believe it."
June Weir says she won despite doing "no training whatsoever" [Family photograph]
#puddings #black #first
June Weir, 73, from Wilpshire, Lancashire, said she was delighted to become the first female to win the annual event at The Oak pub in Ramsbottom, Bury, on Sunday.
Hundreds of people cheered on the throwers as they hurled black puddings at Yorkshire puddings in the quirky sporting event, which first began more than a century ago and raises money for charity.
Weir, who was one of four competitors who toppled six Yorkshire puddings from a ledge, said: "This was my third time, no training whatsoever... and I actually won it. I can't believe it."
June Weir says she won despite doing "no training whatsoever" [Family photograph]
#puddings #black #first
2 days ago
Private equity advisers are racing to leverage AI and automate the services they provide to fund managers and their investors. Law firms, such as Kirkland & Ellis, have been among the most active adopters.
The dominant name in private fund formation and sponsor-backed M&A, the firm rolled out its own AI platform in June, built with Palantir and designed to reshape the repetitive, boilerplate elements of fund formation work, such as drafting limited partnership agreements, closing investor commitments and conducting compliance.
Earlier this year, Kirkland reportedly earmarked $500 million to develop a proprietary AI tool over three to four years, no small sum even for a law firm that generated $10.6 billion in annual revenue last year.
Erica Berthou
Erica Berthou, a partner at Kirkland and a member of the firm's executive committee, recently spoke with PitchBook about how AI could reshape the practice of law—including how it will change the economics of legal work—and how the adoption of AI may affect practitioners, especially the young talent.
#kirkland #private
The dominant name in private fund formation and sponsor-backed M&A, the firm rolled out its own AI platform in June, built with Palantir and designed to reshape the repetitive, boilerplate elements of fund formation work, such as drafting limited partnership agreements, closing investor commitments and conducting compliance.
Earlier this year, Kirkland reportedly earmarked $500 million to develop a proprietary AI tool over three to four years, no small sum even for a law firm that generated $10.6 billion in annual revenue last year.
Erica Berthou
Erica Berthou, a partner at Kirkland and a member of the firm's executive committee, recently spoke with PitchBook about how AI could reshape the practice of law—including how it will change the economics of legal work—and how the adoption of AI may affect practitioners, especially the young talent.
#kirkland #private
2 days ago
Jim Cramer sees Enterprise Products Partners L.P. (NYSE:EPD) as a major beneficiary of the disruption surrounding the Strait of Hormuz, as he said during the September 8 episode of Mad Money:
When I wrote How to Make Money in Any Market… I didn't know that Enterprise Products Partners was going to be the, maybe the single biggest pipeline winner in this country thanks to the war. I didn't see that war coming. The CEO of Enterprise, Jim Teague, has raised awareness for the company's profit opportunity because of the Hormuz closing. The margins of some of its liquids, like ethane to ethylene, ethylene to polyethylene, have soared. As Teague says, the Houston Ship Channel is now just as important as the Strait of Hormuz. Now, there's an endorsement. Stock yields 5.8%.
Enterprise Products Partners L.P. (NYSE:EPD) reported record second-quarter adjusted EBITDA of $2.8 billion, up 17% year over year, while operational distributable cash flow reached a record $2.3 billion, up 21%. Moreover, pipeline volumes reached a record 14.7 million barrels of oil equivalent per day, up 8%, while marine-terminal volumes increased 33% to 2.8 million barrels per day. Co-Chief Executive Officer James Teague said:
Volumes at our marine terminals have returned to normal levels in June and July after the initial rush to backfill volumes affected by hostilities in the Middle East in April and May.
In July, Enterprise Products Partners L.P. (NYSE:EPD) declared a quarterly distribution of $0.56 per unit, or $2.24 annualized, a 2.8% increase from a year earlier. At EPD's September 8 closing price of $38.83, that equates to a yield of approximately 5.8%. The company has increased its distribution for 27 consecutive years. The company's latest investor materials show $6.5 billion of major capital projects under construction. It expects 2026 organic growth capital spending, net of ***** et-sale proceeds, of $2.9 billion to $3.4 billion. The company retained $1.1 billion of DCF for internally funded growth capital expenditures and buybacks.
#partners #hormuz
When I wrote How to Make Money in Any Market… I didn't know that Enterprise Products Partners was going to be the, maybe the single biggest pipeline winner in this country thanks to the war. I didn't see that war coming. The CEO of Enterprise, Jim Teague, has raised awareness for the company's profit opportunity because of the Hormuz closing. The margins of some of its liquids, like ethane to ethylene, ethylene to polyethylene, have soared. As Teague says, the Houston Ship Channel is now just as important as the Strait of Hormuz. Now, there's an endorsement. Stock yields 5.8%.
Enterprise Products Partners L.P. (NYSE:EPD) reported record second-quarter adjusted EBITDA of $2.8 billion, up 17% year over year, while operational distributable cash flow reached a record $2.3 billion, up 21%. Moreover, pipeline volumes reached a record 14.7 million barrels of oil equivalent per day, up 8%, while marine-terminal volumes increased 33% to 2.8 million barrels per day. Co-Chief Executive Officer James Teague said:
Volumes at our marine terminals have returned to normal levels in June and July after the initial rush to backfill volumes affected by hostilities in the Middle East in April and May.
In July, Enterprise Products Partners L.P. (NYSE:EPD) declared a quarterly distribution of $0.56 per unit, or $2.24 annualized, a 2.8% increase from a year earlier. At EPD's September 8 closing price of $38.83, that equates to a yield of approximately 5.8%. The company has increased its distribution for 27 consecutive years. The company's latest investor materials show $6.5 billion of major capital projects under construction. It expects 2026 organic growth capital spending, net of ***** et-sale proceeds, of $2.9 billion to $3.4 billion. The company retained $1.1 billion of DCF for internally funded growth capital expenditures and buybacks.
#partners #hormuz
2 days ago
India and Afghanistan start their three-match T20I series at Arun Jaitley Stadium on Sunday.
Although Afghanistan Cricket Board (ACB) is hosting the series, the matches are being played in India as part of the arrangement between the two boards.
The series ends on September 17, coinciding with the beginning of the cricket tournament at the 2026 Asian Games in ***** an beginning September 24.
India, with Shreyas Iyer as their captain, would like to start the series off on the right foot against Afghanistan, who would be led by Ibrahim Zadran.
The Men in Blue won the bilateral series against Afghanistan in June when they completed a 3-0 ODI clean sweep.
#t20i #jaitley
Although Afghanistan Cricket Board (ACB) is hosting the series, the matches are being played in India as part of the arrangement between the two boards.
The series ends on September 17, coinciding with the beginning of the cricket tournament at the 2026 Asian Games in ***** an beginning September 24.
India, with Shreyas Iyer as their captain, would like to start the series off on the right foot against Afghanistan, who would be led by Ibrahim Zadran.
The Men in Blue won the bilateral series against Afghanistan in June when they completed a 3-0 ODI clean sweep.
#t20i #jaitley
2 days ago
Restaurant stock Dave & Buster's Entertainment (PLAY) and healthcare name Kestra Medical Technologies (KMTS) will kick off earnings reports during a week when investors will be squarely focused on the Federal Reserve and a possible interest-rate hike Wednesday. Forgent Power Solutions (FPS) is also on the docket, with its stock trying to recover after a lengthy sell-off.
Friday's stock market rally notwithstanding, the Dow Jones Industrial Average and the Russell 2000 small-cap index have come under the most pressure amid surging oil prices and spiking bond yields, as investors worry about pesky inflation and escalating tension between the U.S. and Iran.
While the Dow is testing major support near 52,000, the Russell fell below its 50-day moving average in late August and has been below the support level ever since. The Nasdaq composite, meanwhile, bounced off its 50-day line with conviction Friday, helped by a tame report on consumer prices. The S&P 500 also moved off its 50-day line Friday.
Results from Lennar (LEN) are due Wednesday after the close. Lennar stock tried to break out in late June, but was turned away at its 200-day line and went into a downtrend. It tried to clear the 200-day line several times again in August but to no avail. With interest rates on the rise, heavy-volume selling has picked up the pace in recent weeks.
Forgent, which sells electrical distribution equipment to data centers, reports early Tuesday. The company priced its IPO at 27 on Feb. 4, at the midpoint of a proposed range of 25-29.
#line #forgent #august #lennar
Friday's stock market rally notwithstanding, the Dow Jones Industrial Average and the Russell 2000 small-cap index have come under the most pressure amid surging oil prices and spiking bond yields, as investors worry about pesky inflation and escalating tension between the U.S. and Iran.
While the Dow is testing major support near 52,000, the Russell fell below its 50-day moving average in late August and has been below the support level ever since. The Nasdaq composite, meanwhile, bounced off its 50-day line with conviction Friday, helped by a tame report on consumer prices. The S&P 500 also moved off its 50-day line Friday.
Results from Lennar (LEN) are due Wednesday after the close. Lennar stock tried to break out in late June, but was turned away at its 200-day line and went into a downtrend. It tried to clear the 200-day line several times again in August but to no avail. With interest rates on the rise, heavy-volume selling has picked up the pace in recent weeks.
Forgent, which sells electrical distribution equipment to data centers, reports early Tuesday. The company priced its IPO at 27 on Feb. 4, at the midpoint of a proposed range of 25-29.
#line #forgent #august #lennar
2 days ago
CrowdStrike (CRWD) stock rose about 97% over the past year, against 18% for the S&P 500, as growth in the recurring revenue it adds each quarter sped up. Management was forecasting that speed-up by March 2025 and named one mechanism: Falcon Flex customers using up their contracts early and coming back for more. The direction was public. The size of the fiscal 2027 speed-up was not.
How Early Did CrowdStrike Forecast The Speed-Up?
The earliest sign came with the fiscal Q4 2025 report in March 2025. After its July 19 outage, CrowdStrike had given affected clients customer commitment packages, mostly extra product and Falcon Flex subscriptions. The CEO said that uptake underpinned an expected speed-up in net new annual recurring revenue (ARR) in the second half of fiscal 2026. He added that Flex demand plans were running ahead of schedule and expected contracts to be upsized and renewed. The CFO expected more acceleration in fiscal 2027.
The fiscal Q1 2026 report in early June 2025 put numbers on the mechanism: 39 Flex customers had deployed initial plans signed for 35 months on average and came back for more within five months, a step the company calls a reflex.
What Could You See Just Before The Run Began?
#speed #crowdstrike
How Early Did CrowdStrike Forecast The Speed-Up?
The earliest sign came with the fiscal Q4 2025 report in March 2025. After its July 19 outage, CrowdStrike had given affected clients customer commitment packages, mostly extra product and Falcon Flex subscriptions. The CEO said that uptake underpinned an expected speed-up in net new annual recurring revenue (ARR) in the second half of fiscal 2026. He added that Flex demand plans were running ahead of schedule and expected contracts to be upsized and renewed. The CFO expected more acceleration in fiscal 2027.
The fiscal Q1 2026 report in early June 2025 put numbers on the mechanism: 39 Flex customers had deployed initial plans signed for 35 months on average and came back for more within five months, a step the company calls a reflex.
What Could You See Just Before The Run Began?
#speed #crowdstrike
2 days ago
Apple (AAPL) is selling iPhones and Macs faster than it can build them, but the number a holder should fear most is the gross margin underneath those sales. Leaving out tariff refunds, that margin fell in the June quarter and is guided lower again for the September quarter. Management puts both steps down to rising memory prices, while the stock's price-to-earnings multiple sits near the top of its 10-year range.
Excluding Tariff Refunds, Apple's Margin Slips As iPhone And Mac Set June-Quarter Records
Demand is not the worry. iPhone revenue rose 22% from a year earlier in the June quarter and Mac revenue rose 29%, both June-quarter records. Management says the brake on sales is supply of the advanced nodes its chips are made on.
Reported gross margin was 50.1% in the June quarter, but tariff refunds supplied about two points of it. Without them, the margin fell 120 basis points from 49.3% in the March quarter, and the September-quarter guide takes off another 160 basis points at its midpoint. On $466.8 billion of revenue over the past year, each point of gross margin is worth about $4.7 billion of gross profit.
And Management Says Memory Prices Explain All Of That Slide
#gross #tariff #year
Excluding Tariff Refunds, Apple's Margin Slips As iPhone And Mac Set June-Quarter Records
Demand is not the worry. iPhone revenue rose 22% from a year earlier in the June quarter and Mac revenue rose 29%, both June-quarter records. Management says the brake on sales is supply of the advanced nodes its chips are made on.
Reported gross margin was 50.1% in the June quarter, but tariff refunds supplied about two points of it. Without them, the margin fell 120 basis points from 49.3% in the March quarter, and the September-quarter guide takes off another 160 basis points at its midpoint. On $466.8 billion of revenue over the past year, each point of gross margin is worth about $4.7 billion of gross profit.
And Management Says Memory Prices Explain All Of That Slide
#gross #tariff #year
