6 days ago
Man United Women secured an impressive fifth consecutive win against Charlton Athletic Women on Sunday afternoon.
Goals from Ella Toone, Andrea Medina and Julia Zigiotti secured the three points for the Red Devils.
The result was significant not only because it allowed United to climb up to fifth in the WSL table, but also due to a crucial goal from Toone.
The England international's dipping effort went in underneath the crossbar and was her second goal of the season.
Nonetheless, it was her first goal of the WSL season and, incredibly, her first in the league since December last year.
#fifth
Goals from Ella Toone, Andrea Medina and Julia Zigiotti secured the three points for the Red Devils.
The result was significant not only because it allowed United to climb up to fifth in the WSL table, but also due to a crucial goal from Toone.
The England international's dipping effort went in underneath the crossbar and was her second goal of the season.
Nonetheless, it was her first goal of the WSL season and, incredibly, her first in the league since December last year.
#fifth
6 days ago
Nate Tice & Hayden Winks dive into their instant takeaways from Week 6 of NFL action. The show kicks off with reactions from the Green Bay Packers getting a win against a Dallas Cowboys offense that could not get rolling on Sunday Night.
This week's Pick 6 begins with a Philadelphia Eagles team that seems to be in deep trouble, losing their fourth straight, this time against a surging Carolina Panthers offense. The guys jump to the preseason Super Bowl favorite Los Angeles Rams losing another division game to the Arizona Cardinals. Is it time to panic in Los Angeles? Next, Aaron Rodgers and the Pittsburgh Steelers pull off a comeback victory against undrafted rookie QB Jalon Daniels and the Tampa Bay Buccaneers.
Nate & Hayden then discuss their reactions to the Houston Texans beating the Jacksonville Jaguars across the pond in London. Then, they take a look at the New Orleans Saints scoring 34 unanswered points against the New York Giants. Is there a QB competition brewing between Jameis Winston and J.J. McCarthy, who saw his first action in a Giants uniform on Sunday? To close out Pick 6, the guys break down Caleb Williams' return for the Chicago Bears in their triumph over the Atlanta Falcons.
Lastly, Nate & Hayden hit on some Extra Credit, including reactions to the Tennessee ******* ans getting their first win of the season against the struggling Indianapolis Colts, an exciting shootout between the Buffalo Bills and Las Vegas Raiders, and the Cleveland Browns climbing the mountain to lead the AFC North with their win against the Baltimore Ravens.
(1:55) - Packers shut down Cowboys
#reactions #sunday
This week's Pick 6 begins with a Philadelphia Eagles team that seems to be in deep trouble, losing their fourth straight, this time against a surging Carolina Panthers offense. The guys jump to the preseason Super Bowl favorite Los Angeles Rams losing another division game to the Arizona Cardinals. Is it time to panic in Los Angeles? Next, Aaron Rodgers and the Pittsburgh Steelers pull off a comeback victory against undrafted rookie QB Jalon Daniels and the Tampa Bay Buccaneers.
Nate & Hayden then discuss their reactions to the Houston Texans beating the Jacksonville Jaguars across the pond in London. Then, they take a look at the New Orleans Saints scoring 34 unanswered points against the New York Giants. Is there a QB competition brewing between Jameis Winston and J.J. McCarthy, who saw his first action in a Giants uniform on Sunday? To close out Pick 6, the guys break down Caleb Williams' return for the Chicago Bears in their triumph over the Atlanta Falcons.
Lastly, Nate & Hayden hit on some Extra Credit, including reactions to the Tennessee ******* ans getting their first win of the season against the struggling Indianapolis Colts, an exciting shootout between the Buffalo Bills and Las Vegas Raiders, and the Cleveland Browns climbing the mountain to lead the AFC North with their win against the Baltimore Ravens.
(1:55) - Packers shut down Cowboys
#reactions #sunday
6 days ago
Bear Bachmeier's all-around performance for BYU shakes up the Heisman Watch originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
The Bear has re-entered the chat.
BYU quarterback Bear Bachmeier's late touchdown pass lifted the Cougars to a 28-24 victory over Notre Dame on Saturday and fueled his return to the Heisman Watch top contenders list.
Bachmeier threw a touchdown pass, ran for two scores and caught a touchdown pass in an all-around performance that shook up the Heisman race. The Cougars have climbed to No. 2 in the latest ******* ociated Press Top 25 poll.
Oregon State receiver Jesse Legree is much more familiar with catching touchdown passes than Bachmeier. The true freshman joins the top contenders list this week for the first time after gaining more than 100 yards receiving for the seventh time in as many games.
#bear #heisman #pass
The Bear has re-entered the chat.
BYU quarterback Bear Bachmeier's late touchdown pass lifted the Cougars to a 28-24 victory over Notre Dame on Saturday and fueled his return to the Heisman Watch top contenders list.
Bachmeier threw a touchdown pass, ran for two scores and caught a touchdown pass in an all-around performance that shook up the Heisman race. The Cougars have climbed to No. 2 in the latest ******* ociated Press Top 25 poll.
Oregon State receiver Jesse Legree is much more familiar with catching touchdown passes than Bachmeier. The true freshman joins the top contenders list this week for the first time after gaining more than 100 yards receiving for the seventh time in as many games.
#bear #heisman #pass
6 days ago
Miami is No. 1 after college football's wildest AP poll shake-up originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
College football's latest AP Top 25 did not just shuffle a few teams. It reset the top of the rankings.
Miami moved to No. 1 for the first time since 2002 after a weekend in which five of the previous top seven teams lost. BYU climbed to No. 2, its highest ranking since the 1984 national championship season, while Ohio State moved to No. 3.
The losses created a rare opening. Georgia, Notre Dame, Indiana, Alabama and Texas all fell, but the poll did not simply push every loser out of the top 10. Notre Dame, Georgia and Indiana remained among the top six, reflecting the strength of their records before Saturday and the quality of some of their opponents.
Taking over the top spot is a major achievement for Miami, but it also changes the conversation around the Hurricanes. They are no longer chasing the teams ahead of them. They are the team every contender will measure itself against.
#teams #sporting
College football's latest AP Top 25 did not just shuffle a few teams. It reset the top of the rankings.
Miami moved to No. 1 for the first time since 2002 after a weekend in which five of the previous top seven teams lost. BYU climbed to No. 2, its highest ranking since the 1984 national championship season, while Ohio State moved to No. 3.
The losses created a rare opening. Georgia, Notre Dame, Indiana, Alabama and Texas all fell, but the poll did not simply push every loser out of the top 10. Notre Dame, Georgia and Indiana remained among the top six, reflecting the strength of their records before Saturday and the quality of some of their opponents.
Taking over the top spot is a major achievement for Miami, but it also changes the conversation around the Hurricanes. They are no longer chasing the teams ahead of them. They are the team every contender will measure itself against.
#teams #sporting
17 days ago
A Lamborghini once owned by Rod Stewart is up for sale with Australian auction house Lloyds
Despite the opening price being less than $1, bids have already climbed above $215,000 USD
Stewart has collected Italian sports cars since the 1970s and calls them works of art
A vintage Lamborghini once owned by legendary rocker Rod Stewart is up for sale, with bids for the classic car starting at less than $1.
The item is being sold via Lloyds Auction House in Australia, and though the price began at just one Australian dollar, which is less than one U.S. dollar, it now stands at over $215,000 (USD) with bidding open through October.
#lloyds #owned
Despite the opening price being less than $1, bids have already climbed above $215,000 USD
Stewart has collected Italian sports cars since the 1970s and calls them works of art
A vintage Lamborghini once owned by legendary rocker Rod Stewart is up for sale, with bids for the classic car starting at less than $1.
The item is being sold via Lloyds Auction House in Australia, and though the price began at just one Australian dollar, which is less than one U.S. dollar, it now stands at over $215,000 (USD) with bidding open through October.
#lloyds #owned
17 days ago
Stocks are doing something that normally should not happen at the same time.
Major indexes keep closing at record highs even as Treasury yields climb to levels not seen in over two decades. That combination has traditionally meant trouble for expensive growth stocks, not fresh records.
Jim Cramer says there is a clear explanation for the disconnect. It comes down to just three companies carrying far more weight than their size alone would suggest.
Also read: Jim Cramer noticed something odd about the stock market
"Mad Money" host Jim Cramer said Nvidia, Microsoft and Meta are propping up the broader market even as surging Treasury yields pressure nearly everything else on Wall Street. "Here, I think there's tremendous distortion caused by some very big winners, namely Nvidia, Microsoft and Meta," he said.
#cramer #meta #market
Major indexes keep closing at record highs even as Treasury yields climb to levels not seen in over two decades. That combination has traditionally meant trouble for expensive growth stocks, not fresh records.
Jim Cramer says there is a clear explanation for the disconnect. It comes down to just three companies carrying far more weight than their size alone would suggest.
Also read: Jim Cramer noticed something odd about the stock market
"Mad Money" host Jim Cramer said Nvidia, Microsoft and Meta are propping up the broader market even as surging Treasury yields pressure nearly everything else on Wall Street. "Here, I think there's tremendous distortion caused by some very big winners, namely Nvidia, Microsoft and Meta," he said.
#cramer #meta #market
17 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
A married couple, ages 45 and 43, got spooked during a steep market selloff and sold their entire $600,000 brokerage portfolio. Eight months later, stocks have climbed back, their money is still sitting in a savings account, and each spouse blames the other for pushing the sale.
The argument misses the real problem. They're not stuck because of one bad decision; they're stuck because they never had a plan for what to do when markets fell. Getting back in the right way matters more than figuring out who panicked first.
Don't Miss:
Think Your IRA Can Only Hold Stocks And Funds? Think Again. Here's What A Self-Directed IRA Can Actually Invest In.
#benzinga
A married couple, ages 45 and 43, got spooked during a steep market selloff and sold their entire $600,000 brokerage portfolio. Eight months later, stocks have climbed back, their money is still sitting in a savings account, and each spouse blames the other for pushing the sale.
The argument misses the real problem. They're not stuck because of one bad decision; they're stuck because they never had a plan for what to do when markets fell. Getting back in the right way matters more than figuring out who panicked first.
Don't Miss:
Think Your IRA Can Only Hold Stocks And Funds? Think Again. Here's What A Self-Directed IRA Can Actually Invest In.
#benzinga
17 days ago
WASHINGTON (AP) — Most Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation, according to minutes released Wednesday from the central bank's most recent meeting.
The officials unanimously agreed that inflation was still elevated and had not made much progress toward their 2% target in recent months, the minutes said. The Fed increased its key interest rate at the Sept. 15-16 meeting by a quarter-point to about 3.9%, its first increase in three years.
The increase defied President Donald Trump's repeated calls for the Fed to cut rates and prompted the president to criticize the Fed's rate-setting committee, though he still expressed support for Chairman Kevin Warsh, whom he appointed earlier this year. The rate increase comes as Americans are already struggling with high costs for groceries, gas and housing, and as affordability has taken on a leading role in the upcoming midterm elections, just seven weeks away.
Longer-term interest rates for mortgages and other borrowing have also jumped in the past few months for a range of reasons, including rising government debt, heavy borrowing by tech firms to finance data center construction, climbing oil and gas prices, and signs that growth and inflation remain elevated. The Fed's rate hike has likely played only a limited role in the increase.
Still, key policymakers have said since the meeting that the Fed can take some time to monitor the economy and the impact of last month's rate hike before making another move. Wall Street investors now forecast the Fed will keep its rate unchanged at its next meeting Oct. 28-29, according to futures pricing, and raise it when they meet in December.
#officials
The officials unanimously agreed that inflation was still elevated and had not made much progress toward their 2% target in recent months, the minutes said. The Fed increased its key interest rate at the Sept. 15-16 meeting by a quarter-point to about 3.9%, its first increase in three years.
The increase defied President Donald Trump's repeated calls for the Fed to cut rates and prompted the president to criticize the Fed's rate-setting committee, though he still expressed support for Chairman Kevin Warsh, whom he appointed earlier this year. The rate increase comes as Americans are already struggling with high costs for groceries, gas and housing, and as affordability has taken on a leading role in the upcoming midterm elections, just seven weeks away.
Longer-term interest rates for mortgages and other borrowing have also jumped in the past few months for a range of reasons, including rising government debt, heavy borrowing by tech firms to finance data center construction, climbing oil and gas prices, and signs that growth and inflation remain elevated. The Fed's rate hike has likely played only a limited role in the increase.
Still, key policymakers have said since the meeting that the Fed can take some time to monitor the economy and the impact of last month's rate hike before making another move. Wall Street investors now forecast the Fed will keep its rate unchanged at its next meeting Oct. 28-29, according to futures pricing, and raise it when they meet in December.
#officials
18 days ago
Dividend-paying stocks are taking a beating as surging Treasury yields make bonds a more competitive income source, creating a difficult environment for baby boomers who lean on dividend funds and individual stocks to cover living expenses in retirement.
Utilities, real estate, and materials have all experienced share-price declines as climbing bond yields have drawn income-seeking investors away from dividend stocks. The 10-year Treasury yield has remained north of 5%, recently hovering between 5.2% and 5.3%, while the 20-year has hit 5.68% and the 30-year has reached 5.62% — marks last seen more than two decades ago, according to Benzinga.
The pain shows up clearly in fund performance. The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) lost 7.59% over the trailing month, and the iShares Select Dividend ETF (DVY) shed 6.02% in the same window, according to CNBC. The Vanguard High Dividend Yield Index ETF (VYM) gave back 3.85% over the past month. The WisdomTree U.S. Quality Dividend Growth Fund (DGRW) stands apart, with its heavy tilt toward technology helping limit its one-month loss to just 0.81%.
The Federal Reserve raised its overnight rate by a quarter percentage point on Sept. 16, and markets are pricing in additional increases, keeping pressure on rate-sensitive dividend sectors. The 10-year yield touched 5.342% and the 30-year reached 5.683%, their highest marks in 24 years, driven in part by rising public debt, geopolitical tensions, and the prospect of a prolonged high-rate environment.
Despite the pressure, financial advisors caution retirees against making reactive moves. "The worst thing that a retiree could do is sell a high-quality dividend payer at depressed prices to chase income somewhere else in the stock market just to get higher yield," Timothy Chubb, chief investment officer at Girard, a Univest Wealth Division, told CNBC. Chubb said he would rather own a company growing 4% to 5% annually with a 3% dividend yield than pursue an 8% yield from a deteriorating business.
#Dividend #yield #month #treasury
Utilities, real estate, and materials have all experienced share-price declines as climbing bond yields have drawn income-seeking investors away from dividend stocks. The 10-year Treasury yield has remained north of 5%, recently hovering between 5.2% and 5.3%, while the 20-year has hit 5.68% and the 30-year has reached 5.62% — marks last seen more than two decades ago, according to Benzinga.
The pain shows up clearly in fund performance. The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) lost 7.59% over the trailing month, and the iShares Select Dividend ETF (DVY) shed 6.02% in the same window, according to CNBC. The Vanguard High Dividend Yield Index ETF (VYM) gave back 3.85% over the past month. The WisdomTree U.S. Quality Dividend Growth Fund (DGRW) stands apart, with its heavy tilt toward technology helping limit its one-month loss to just 0.81%.
The Federal Reserve raised its overnight rate by a quarter percentage point on Sept. 16, and markets are pricing in additional increases, keeping pressure on rate-sensitive dividend sectors. The 10-year yield touched 5.342% and the 30-year reached 5.683%, their highest marks in 24 years, driven in part by rising public debt, geopolitical tensions, and the prospect of a prolonged high-rate environment.
Despite the pressure, financial advisors caution retirees against making reactive moves. "The worst thing that a retiree could do is sell a high-quality dividend payer at depressed prices to chase income somewhere else in the stock market just to get higher yield," Timothy Chubb, chief investment officer at Girard, a Univest Wealth Division, told CNBC. Chubb said he would rather own a company growing 4% to 5% annually with a 3% dividend yield than pursue an 8% yield from a deteriorating business.
#Dividend #yield #month #treasury
19 days ago
Jim Cramer has built a career on conviction calls, and few have been more consistent than his faith in Amazon (AMZN). For years, the Mad Money host has treated the retail giant as close to untouchable. A permanent fixture in nearly every portfolio he recommends.
That changed, briefly and publicly, after watching a rival's AI demo live on air. Here is what Cramer actually said, the stock moves that gave his comment real weight, and what it all means for anyone holding either name heading into the rest of the year.
Also read: Jim Cramer noticed something odd about the stock market
Cramer made the comment live on CNBC's Squawk on the Street on September 28, after watching a demonstration of Meta's (META) new AI shopping capability. "I'm an Amazon guy, but maybe I shouldn't be. This seemed impressive," he said, speaking as a shopper describing his own buying habits rather than making a stock call.
The timing gave the remark unusual weight. Meta shares had climbed roughly 24% over the prior month. Amazon fell roughly 8% over the same stretch. Investors were already debating which company was winning the fight for online shoppers before Cramer weighed in.
#cramer #amazon #roughly
That changed, briefly and publicly, after watching a rival's AI demo live on air. Here is what Cramer actually said, the stock moves that gave his comment real weight, and what it all means for anyone holding either name heading into the rest of the year.
Also read: Jim Cramer noticed something odd about the stock market
Cramer made the comment live on CNBC's Squawk on the Street on September 28, after watching a demonstration of Meta's (META) new AI shopping capability. "I'm an Amazon guy, but maybe I shouldn't be. This seemed impressive," he said, speaking as a shopper describing his own buying habits rather than making a stock call.
The timing gave the remark unusual weight. Meta shares had climbed roughly 24% over the prior month. Amazon fell roughly 8% over the same stretch. Investors were already debating which company was winning the fight for online shoppers before Cramer weighed in.
#cramer #amazon #roughly
19 days ago
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Social Security is the retirement income lifeline for millions of Americans and garners its share of confusing headlines. From the full retirement age and cost-of-living adjustment to the rules for claiming benefits while still working, here is what's expected to change in 2027.
A common concern among those planning for retirement is an ever-increasing Social Security "full retirement age."
Geoffrey Schmidt, a certified public accountant and founder of Holy Schmidt!, a retirement education resource, told Yahoo Finance that many seniors ****** ume the full retirement age keeps climbing.
"It doesn't. It has finished its long, slow climb to 67. Anyone born in 1960 or later has a full retirement age of exactly 67, and that group reaches it in 2027," Schmidt said. "Under current law, it does not go any higher. So if you've been worried they'll keep moving the goalposts on you, at least on the retirement age, that increase is over."
#Retirement #schmidt #Social #holy
Social Security is the retirement income lifeline for millions of Americans and garners its share of confusing headlines. From the full retirement age and cost-of-living adjustment to the rules for claiming benefits while still working, here is what's expected to change in 2027.
A common concern among those planning for retirement is an ever-increasing Social Security "full retirement age."
Geoffrey Schmidt, a certified public accountant and founder of Holy Schmidt!, a retirement education resource, told Yahoo Finance that many seniors ****** ume the full retirement age keeps climbing.
"It doesn't. It has finished its long, slow climb to 67. Anyone born in 1960 or later has a full retirement age of exactly 67, and that group reaches it in 2027," Schmidt said. "Under current law, it does not go any higher. So if you've been worried they'll keep moving the goalposts on you, at least on the retirement age, that increase is over."
#Retirement #schmidt #Social #holy
19 days ago
Rising interest rates have the US on a collision course with the need to finally deal with its bloated debt pile, Goldman Sachs warns.
"Persistently higher rates would boost interest expense as a share of GDP — a key gauge of the cash outflows needed to service the debt — and push the debt-to-GDP ratio up to 132% by 2035, 10 percentage points above our baseline, raising the odds that deficit reduction becomes necessary sooner to stabilize the debt," Goldman Sachs strategist Pierfrancesco Mei wrote in a new note on Tuesday.
US Treasury yields have climbed aggressively this year, effectively pushing up the country's debt servicing costs. The benchmark 10-year Treasury yield (^TNX) has surged more than 115 basis points, from around 4.10% late last year to a 24-year high of around 5.28% at present.
Read more: How soaring Treasury yields could hit your finances
This sustained sell-off across the bond market has been fueled by inflation brought on by the US war on Iran, which prompted the Federal Reserve to hike interest rates last month. The economy's resilience in the face of pricing pressures has also contributed to the sell-off.
#points #yields
"Persistently higher rates would boost interest expense as a share of GDP — a key gauge of the cash outflows needed to service the debt — and push the debt-to-GDP ratio up to 132% by 2035, 10 percentage points above our baseline, raising the odds that deficit reduction becomes necessary sooner to stabilize the debt," Goldman Sachs strategist Pierfrancesco Mei wrote in a new note on Tuesday.
US Treasury yields have climbed aggressively this year, effectively pushing up the country's debt servicing costs. The benchmark 10-year Treasury yield (^TNX) has surged more than 115 basis points, from around 4.10% late last year to a 24-year high of around 5.28% at present.
Read more: How soaring Treasury yields could hit your finances
This sustained sell-off across the bond market has been fueled by inflation brought on by the US war on Iran, which prompted the Federal Reserve to hike interest rates last month. The economy's resilience in the face of pricing pressures has also contributed to the sell-off.
#points #yields
19 days ago
BarriC's $750 XRP target extrapolates the token's historic 500x rally from 2017, ignoring that it implies a staggering $47 trillion market cap.
At $750, XRP's market cap would dwarf Bitcoin's entire $1.73 trillion valuation 27 times over, requiring capital inflows unprecedented in any market.
XRP must first climb 143% just to reclaim its $3.65 all-time high, making a 500x moonshot an extraordinarily remote possibility.
Building a portfolio and living off one are two completely different skills, and almost ******* ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
Crypto ******* yst BarriC recently suggested that XRP (CRYPTO:XRP) could potentially reach $750 if it replicates the extraordinary 500-fold increase seen in 2017 and 2018. This prediction has gained traction in the XRP community on social media platform X, where BarriC has made bold price forecasts for years.
#market #barric #building #definitive
At $750, XRP's market cap would dwarf Bitcoin's entire $1.73 trillion valuation 27 times over, requiring capital inflows unprecedented in any market.
XRP must first climb 143% just to reclaim its $3.65 all-time high, making a 500x moonshot an extraordinarily remote possibility.
Building a portfolio and living off one are two completely different skills, and almost ******* ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
Crypto ******* yst BarriC recently suggested that XRP (CRYPTO:XRP) could potentially reach $750 if it replicates the extraordinary 500-fold increase seen in 2017 and 2018. This prediction has gained traction in the XRP community on social media platform X, where BarriC has made bold price forecasts for years.
#market #barric #building #definitive
19 days ago
Rising interest rates have the US on a collision course with finally having to deal with its bloated debt pile, warns Goldman Sachs.
"Persistently higher rates would boost interest expense as a share of GDP—a key gauge of the cash outflows needed to service the debt—and push the debt-to-GDP ratio up to 132% by 2035, 10 percentage points above our baseline, raising the odds that deficit reduction becomes necessary sooner to stabilize the debt," said Goldman Sachs strategist Pierfrancesco Mei in a new note on Tuesday.
US Treasury yields have climbed aggressively this year, effectively pushing up the country's debt servicing costs. The benchmark 10-year Treasury yield has surged more than 115 basis points, from around 4.10% late last year to a 24-year high of around 5.28% at present.
This sustained sell-off across the bond market has been fueled by inflation brought on by the US war on Iran, which prompted the Federal Reserve to hike interest rates last month. The economy's resilience in the face of pricing pressures has also contributed to the sell-off.
What's happening in the bond market couldn't come at a worse time for US debt watchers.
#interest
"Persistently higher rates would boost interest expense as a share of GDP—a key gauge of the cash outflows needed to service the debt—and push the debt-to-GDP ratio up to 132% by 2035, 10 percentage points above our baseline, raising the odds that deficit reduction becomes necessary sooner to stabilize the debt," said Goldman Sachs strategist Pierfrancesco Mei in a new note on Tuesday.
US Treasury yields have climbed aggressively this year, effectively pushing up the country's debt servicing costs. The benchmark 10-year Treasury yield has surged more than 115 basis points, from around 4.10% late last year to a 24-year high of around 5.28% at present.
This sustained sell-off across the bond market has been fueled by inflation brought on by the US war on Iran, which prompted the Federal Reserve to hike interest rates last month. The economy's resilience in the face of pricing pressures has also contributed to the sell-off.
What's happening in the bond market couldn't come at a worse time for US debt watchers.
#interest
19 days ago
M*A*S*H star Alan Alda recently sat down with CBS Sunday Morning's Dr. Jon LaPook, revealing a nightmarish story from his childhood. When the actor was seven, he battled polio, and like tens of thousands of other Americans during the 1950s and 60s, the now-eliminated virus left Alda with serious symptoms at the time.
Alda explained, "I had polio before there was a vaccine. It was pretty hard to experience." He continued, contextualizing the experience, "My father had just gotten a huge part, his first big part, playing George Gershwin in the biopic of Gershwin. And about a week after he started shooting, I got polio." Of course, Alda was referring to Robert Alda, the vaudeville, Broadway, and alter, film star.
And here's where the story takes an even scarier turn. "He and my mother had to administer the treatment, which was almost scalding hot packs of wool on every limb. So they're practically torturing their kid. I remember thinking it was hard on them. There's a little bit of empathy. But I knew it was hard for them." Despite the harsh treatments, Alda was, as he described, "All stiff and I couldn't walk. I was affected in every limb but one arm."
If you're wondering what Carol Burnett has to do with the M*A*S*H star's scalding wool treatment, he shared, "She lived about two blocks away while I was in my house with polio. I would stand on the bed and look out the window and see kids playing, and I was waiting for the time I'd be out there playing with them."
Photo credit: Tammie Arroyo/AFF/SB / MEGA
#star
Alda explained, "I had polio before there was a vaccine. It was pretty hard to experience." He continued, contextualizing the experience, "My father had just gotten a huge part, his first big part, playing George Gershwin in the biopic of Gershwin. And about a week after he started shooting, I got polio." Of course, Alda was referring to Robert Alda, the vaudeville, Broadway, and alter, film star.
And here's where the story takes an even scarier turn. "He and my mother had to administer the treatment, which was almost scalding hot packs of wool on every limb. So they're practically torturing their kid. I remember thinking it was hard on them. There's a little bit of empathy. But I knew it was hard for them." Despite the harsh treatments, Alda was, as he described, "All stiff and I couldn't walk. I was affected in every limb but one arm."
If you're wondering what Carol Burnett has to do with the M*A*S*H star's scalding wool treatment, he shared, "She lived about two blocks away while I was in my house with polio. I would stand on the bed and look out the window and see kids playing, and I was waiting for the time I'd be out there playing with them."
Photo credit: Tammie Arroyo/AFF/SB / MEGA
#star
20 days ago
Joe Evermore's 7-year-old son climbed El Capitan in Yosemite National Park, making him the youngest person to ever accomplish such a feat
But in posts celebrating the achievement, many in the comments take issue with the risk involved in taking on such a climb with young children
"There's a lot of bullying that goes on online," Joe tells PEOPLE in an interview
Joe Evermore knows not everyone agrees with his parenting style.
He and his wife, Ann, have made a name for themselves online for sharing their family's impressive climbs — including El Capitan in Yosemite National Park, the largest granite cliff in the world, which their 7-year-old son completed in May, making him the youngest person to ever accomplish such a feat. But in posts celebrating the achievement, many in the comments take issue with the risk involved in taking on such a climb with young children.
#capitan
But in posts celebrating the achievement, many in the comments take issue with the risk involved in taking on such a climb with young children
"There's a lot of bullying that goes on online," Joe tells PEOPLE in an interview
Joe Evermore knows not everyone agrees with his parenting style.
He and his wife, Ann, have made a name for themselves online for sharing their family's impressive climbs — including El Capitan in Yosemite National Park, the largest granite cliff in the world, which their 7-year-old son completed in May, making him the youngest person to ever accomplish such a feat. But in posts celebrating the achievement, many in the comments take issue with the risk involved in taking on such a climb with young children.
#capitan
22 days ago
US actor Tom Cruise has surprised a British man who spent a year completing a series of extreme sporting challenges to raise money for charity.
Lloyd Kembrey, a facilities manager at the University of Bristol, took on the challenges to fundraise for children's hospice charity Jessie May.
His connection to the charity was born from his twin cousins, Francesca and Josephine, who were diagnosed with the life-limiting condition Sanfilippo disease type A when they were three-and-a-half years old. Both died in their teens.
Kembrey was inspired to undertake a number of exhilarating challenges in order to honour their memory and support other families facing similar circumstances.
The challenges he faced included a 31-mile ice skating ultramarathon in Finland, climbing the height of Mount Everest on a climbing wall and a 94-mile hike along southern England's Jurassic Coast.
#cruise
Lloyd Kembrey, a facilities manager at the University of Bristol, took on the challenges to fundraise for children's hospice charity Jessie May.
His connection to the charity was born from his twin cousins, Francesca and Josephine, who were diagnosed with the life-limiting condition Sanfilippo disease type A when they were three-and-a-half years old. Both died in their teens.
Kembrey was inspired to undertake a number of exhilarating challenges in order to honour their memory and support other families facing similar circumstances.
The challenges he faced included a 31-mile ice skating ultramarathon in Finland, climbing the height of Mount Everest on a climbing wall and a 94-mile hike along southern England's Jurassic Coast.
#cruise
22 days ago
Celine Dion stunned fans during her Paris concert in a dazzling Tom Ford gown that brought serious drama to the stage. The singer's shimmering blue dress featured a dramatically high slit that revealed one leg while giving the glamorous look a daring edge. The floor-length gown sparkled under the stage lights, with tiny embellishments scattered across the rich blue fabric. Meanwhile, its long sleeves and structured shoulders added sophistication to the otherwise sultry silhouette.
The Celine Dion dress's high-slit detail became the focal point of the look. The dramatic opening climbed high along one side of the gown, creating plenty of movement as Dion performed.
She kept the rest of her styling sleek. Dion wore her blonde hair pulled back, allowing the statement gown to take center stage. Her polished makeup also complemented the glittering design without distracting from it.
According to the outfit details shared by "Check The Tag," Dion wore a Tom Ford by Haider Ackermann while performing at Paris La Défense Arena. Annie Horth and Patrick Vimbör styled the look.
The Tom Ford creation also joined an impressive lineup of designer looks from Dion's Paris residency. Fashion publications have highlighted her custom Dior, Schiaparelli, Alaïa, and Givenchy ensembles alongside the Tom Ford design.
#Paris #high
The Celine Dion dress's high-slit detail became the focal point of the look. The dramatic opening climbed high along one side of the gown, creating plenty of movement as Dion performed.
She kept the rest of her styling sleek. Dion wore her blonde hair pulled back, allowing the statement gown to take center stage. Her polished makeup also complemented the glittering design without distracting from it.
According to the outfit details shared by "Check The Tag," Dion wore a Tom Ford by Haider Ackermann while performing at Paris La Défense Arena. Annie Horth and Patrick Vimbör styled the look.
The Tom Ford creation also joined an impressive lineup of designer looks from Dion's Paris residency. Fashion publications have highlighted her custom Dior, Schiaparelli, Alaïa, and Givenchy ensembles alongside the Tom Ford design.
#Paris #high
22 days ago
Celine Dion stunned fans during her Paris concert in a dazzling Tom Ford gown that brought serious drama to the stage. The singer's shimmering blue dress featured a dramatically high slit that revealed one leg while giving the glamorous look a daring edge. The floor-length gown sparkled under the stage lights, with tiny embellishments scattered across the rich blue fabric. Meanwhile, its long sleeves and structured shoulders added sophistication to the otherwise sultry silhouette.
The Celine Dion dress's high-slit detail became the focal point of the look. The dramatic opening climbed high along one side of the gown, creating plenty of movement as Dion performed.
She kept the rest of her styling sleek. Dion wore her blonde hair pulled back, allowing the statement gown to take center stage. Her polished makeup also complemented the glittering design without distracting from it.
According to the outfit details shared by "Check The Tag," Dion wore a Tom Ford by Haider Ackermann while performing at Paris La Défense Arena. Annie Horth and Patrick Vimbör styled the look.
The Tom Ford creation also joined an impressive lineup of designer looks from Dion's Paris residency. Fashion publications have highlighted her custom Dior, Schiaparelli, Alaïa, and Givenchy ensembles alongside the Tom Ford design.
#high #look #celine #blue
The Celine Dion dress's high-slit detail became the focal point of the look. The dramatic opening climbed high along one side of the gown, creating plenty of movement as Dion performed.
She kept the rest of her styling sleek. Dion wore her blonde hair pulled back, allowing the statement gown to take center stage. Her polished makeup also complemented the glittering design without distracting from it.
According to the outfit details shared by "Check The Tag," Dion wore a Tom Ford by Haider Ackermann while performing at Paris La Défense Arena. Annie Horth and Patrick Vimbör styled the look.
The Tom Ford creation also joined an impressive lineup of designer looks from Dion's Paris residency. Fashion publications have highlighted her custom Dior, Schiaparelli, Alaïa, and Givenchy ensembles alongside the Tom Ford design.
#high #look #celine #blue
22 days ago
This summer, we took a family vacation to Oregon to hike in the Pacific Northwest. Not surprisingly, we saw a bunch of people decked out in clothing made by Columbia, the huge sportswear company founded in Portland in 1938, and named for the nearby river.
We also saw a lot of people wearing Patagonia clothes. Named after the vast geographic region at the southern tip of South America, shared by Argentina and Chile, Patagonia was founded by climber Yvon Chouinard in 1973 to provide durable climbing equipment and outdoor wear. The company heavily supports environmental causes and donates profits from the sale of their jackets, fleeces and other gear to ecological protection. The company even sued President Trump in 2017, for shrinking federal lands protections.
In addition to environmental causes, Patagonia has also championed the LGBTQ community by partnering with the Human Rights Campaign to oppose state legislation targeting their rights. This summer, though, the company sued one member of that community.
Wyn Wiley is an activist from Bend, Oregon, who focuses on environmental and LGBTQ+ issues, promoting acceptance of queer identities in the environmentalist and outdoors communities, and promoting awareness of climate change and its effects.
In October of 2018, Wiley created the character Pattie Gonia and produced short-form outdoors activism content on Instagram and TikTok, while dressing in drag. The first posted video garnered more than 100 million views. Pattie Gonia has 1.8 million Instagram followers and claims to have raised $3.7 million for environmental causes, including $1 million raised last year on a 100-mile hike. In 2022, Pattie Gonia partnered with The North Face, another outdoor gear juggernaut, for their 2022 "Summer of Pride" series, which consisted of outdoor community-building events focused on local LGBTQ+ engagement and acceptance.
#lgbtq #summer
We also saw a lot of people wearing Patagonia clothes. Named after the vast geographic region at the southern tip of South America, shared by Argentina and Chile, Patagonia was founded by climber Yvon Chouinard in 1973 to provide durable climbing equipment and outdoor wear. The company heavily supports environmental causes and donates profits from the sale of their jackets, fleeces and other gear to ecological protection. The company even sued President Trump in 2017, for shrinking federal lands protections.
In addition to environmental causes, Patagonia has also championed the LGBTQ community by partnering with the Human Rights Campaign to oppose state legislation targeting their rights. This summer, though, the company sued one member of that community.
Wyn Wiley is an activist from Bend, Oregon, who focuses on environmental and LGBTQ+ issues, promoting acceptance of queer identities in the environmentalist and outdoors communities, and promoting awareness of climate change and its effects.
In October of 2018, Wiley created the character Pattie Gonia and produced short-form outdoors activism content on Instagram and TikTok, while dressing in drag. The first posted video garnered more than 100 million views. Pattie Gonia has 1.8 million Instagram followers and claims to have raised $3.7 million for environmental causes, including $1 million raised last year on a 100-mile hike. In 2022, Pattie Gonia partnered with The North Face, another outdoor gear juggernaut, for their 2022 "Summer of Pride" series, which consisted of outdoor community-building events focused on local LGBTQ+ engagement and acceptance.
#lgbtq #summer
22 days ago
Sylvester Stallone is opening up about his battles with bulimia, as he says his role in the movie "Rambo" spurred an "obsession" with how he looked.
"I started to think: Design your body like a jaguar, a cat. Not big like Arnold [Schwarzenegger], but more feral and aggressive and very limber and athletic," the "Rocky" actor said in a sit-down with The New York Times' "The Interview"podcast, released last weekend.
Buzz: Anthony Hopkins Warns Young Actors They'll Have 'No Career Left' If They Make This Mistake
"Then it became an obsession. Really bad. It got to the point where I became bulimic. You heard it here first," he said. "I got down to 2.6% body fat when I was doing 'Rocky III,' and I couldn't hold anything down."
"Or I didn't want to keep it down because I became so obsessed with staying at that point of fitness, literally an obsessive body-worship kind of thing," the actor added. "And **** ody does it without additives and drugs, period. I don't care what they say."
#down #stallone
"I started to think: Design your body like a jaguar, a cat. Not big like Arnold [Schwarzenegger], but more feral and aggressive and very limber and athletic," the "Rocky" actor said in a sit-down with The New York Times' "The Interview"podcast, released last weekend.
Buzz: Anthony Hopkins Warns Young Actors They'll Have 'No Career Left' If They Make This Mistake
"Then it became an obsession. Really bad. It got to the point where I became bulimic. You heard it here first," he said. "I got down to 2.6% body fat when I was doing 'Rocky III,' and I couldn't hold anything down."
"Or I didn't want to keep it down because I became so obsessed with staying at that point of fitness, literally an obsessive body-worship kind of thing," the actor added. "And **** ody does it without additives and drugs, period. I don't care what they say."
#down #stallone
22 days ago
JOINT BASE ANDREWS, Md. — Vice President JD Vance acknowledged Thursday that Republicans face an “uphill climb” in next month’s midterm elections — and that the results may be a data point he reviews as he decides whether to run for president in 2028.
“Historically there’s always a bit of an uphill climb, and I think you definitely sense that,” Vance said in an interview with NBC News. “I also think you can sense a sense of cautious optimism, in the sense that, you know, people feel like the numbers are sort of moving, maybe in our direction.”
He added: “Politically, there’s just a recognition that it’s always going to be hard to win a midterm when you have the White House, the Senate and the House.”
Vance spoke aboard Air Force Two shortly after it landed on a return trip from Lakeland, Florida, where he campaigned for Sen. Ashley Moody and Rep. Byron Donalds, the Republican nominee for governor. It was his latest headlining gig at a rally meant to boost support for the party’s candidates in what is expected to be a challenging year for the GOP.
Aside from the historical trends Vance mentioned, polls have shown President Donald Trump and the war in Iran highly unpopular among voters. A related rise in gas prices has added to a cascade of affordability concerns. And Americans are growing more skeptical of artificial intelligence and the large, power-hungry data centers being built to accommodate the technology. All of those issues could factor into voters’ choices in this fall’s key races for the House, the Senate and governor.
#vance #House #president
“Historically there’s always a bit of an uphill climb, and I think you definitely sense that,” Vance said in an interview with NBC News. “I also think you can sense a sense of cautious optimism, in the sense that, you know, people feel like the numbers are sort of moving, maybe in our direction.”
He added: “Politically, there’s just a recognition that it’s always going to be hard to win a midterm when you have the White House, the Senate and the House.”
Vance spoke aboard Air Force Two shortly after it landed on a return trip from Lakeland, Florida, where he campaigned for Sen. Ashley Moody and Rep. Byron Donalds, the Republican nominee for governor. It was his latest headlining gig at a rally meant to boost support for the party’s candidates in what is expected to be a challenging year for the GOP.
Aside from the historical trends Vance mentioned, polls have shown President Donald Trump and the war in Iran highly unpopular among voters. A related rise in gas prices has added to a cascade of affordability concerns. And Americans are growing more skeptical of artificial intelligence and the large, power-hungry data centers being built to accommodate the technology. All of those issues could factor into voters’ choices in this fall’s key races for the House, the Senate and governor.
#vance #House #president
23 days ago
MASSILLON − Fans of actor Jim Belushi exploded into applause when he arrived inside the Bloom Cannabis dispensary.
Admirers chanted his name as he climbed atop a table triumphantly: "Jim! Jim! Jim!" He was welcomed like a conquering hero of cannabis.
While the 72-year-old is known as a funnyman on screen, he's also in the cannabis business as the owner and operator of Belushi's Farm in Oregon.
Belushi was a special guest Oct. 1 of Bloom Cannabis, which also has locations in Akron, Athens, Columbus, Painesville, Seven Mile and Maryland. Founded in 2015 along the Rogue River in Southern Oregon, Belushi's Farm produces cannabis products in Ohio by Wondergrove.
Hundreds showed up at the Massillon dispensary and retail outlet, with a line stretching along the sidewalk in the shopping plaza on Federal Avenue NW.
#massillon #farm #dispensary #along
Admirers chanted his name as he climbed atop a table triumphantly: "Jim! Jim! Jim!" He was welcomed like a conquering hero of cannabis.
While the 72-year-old is known as a funnyman on screen, he's also in the cannabis business as the owner and operator of Belushi's Farm in Oregon.
Belushi was a special guest Oct. 1 of Bloom Cannabis, which also has locations in Akron, Athens, Columbus, Painesville, Seven Mile and Maryland. Founded in 2015 along the Rogue River in Southern Oregon, Belushi's Farm produces cannabis products in Ohio by Wondergrove.
Hundreds showed up at the Massillon dispensary and retail outlet, with a line stretching along the sidewalk in the shopping plaza on Federal Avenue NW.
#massillon #farm #dispensary #along
24 days ago
Pennsylvania has reported its fifth measles-associated death of 2026 as the state's ongoing outbreak climbs to 943 confirmed cases across 39 counties.
The Pennsylvania department of health said on Wednesday that an unvaccinated Lancaster county resident who tested positive for measles had died. Health officials did not release further information about the individual, citing privacy protections.
The death marks the fifth Pennsylvania resident to meet the state's definition of a measles-associated death this year after a fourth death two weeks ago. Due to how the Trump administration has changed its method for reporting measles deaths, the Centers for Disease Control and Prevention (CDC) has not counted the Pennsylvania measles deaths in its national tally.
As of Monday 28 September, Pennsylvania had recorded 40 new positive cases. The outbreak has now reached 39 counties, with 943 ******* ulative confirmed cases, 176 hospitalizations and five confirmed measles-associated deaths.
Only four of those confirmed cases have involved vaccinated individuals, representing less than 1% of the state's total cases.
#associated
The Pennsylvania department of health said on Wednesday that an unvaccinated Lancaster county resident who tested positive for measles had died. Health officials did not release further information about the individual, citing privacy protections.
The death marks the fifth Pennsylvania resident to meet the state's definition of a measles-associated death this year after a fourth death two weeks ago. Due to how the Trump administration has changed its method for reporting measles deaths, the Centers for Disease Control and Prevention (CDC) has not counted the Pennsylvania measles deaths in its national tally.
As of Monday 28 September, Pennsylvania had recorded 40 new positive cases. The outbreak has now reached 39 counties, with 943 ******* ulative confirmed cases, 176 hospitalizations and five confirmed measles-associated deaths.
Only four of those confirmed cases have involved vaccinated individuals, representing less than 1% of the state's total cases.
#associated
1 month ago
For the recently reported second quarter, PicS N.V. (NASDAQ:PICS) outperformed relative to its previous guidance across all profitability metrics. The total account base for the company went up to 70.4 million during the second quarter, showcasing a 10% jump from the prior year. Moving on to the bottom line figures, the adjusted earnings before tax, without factoring in costs ******* ociated with stock-based compensation came in at R$291 million for the quarter. This represented a 2.1% outperformance relative to the company's R$285 million guidance. Similarly, compared to the R$245 million projection, adjusted net income for the period actually stood 15.5% higher at R$283 million.
welcomia/Shutterstock.com
The second quarter concluded with strong financial and operating momentum for PicS. The company recorded a 9% annual and 2% sequential growth in its client base, which went up to 45.4 million active users. The total credit portfolio jumped to R$31.9 billion, exceeding management's guidance by 3%. This outperformance came due to a higher number of mature credit card cohorts, and accelerated origination within secured and partly secured categories. An additional factor that accounted for the credit portfolio growth was management's measured expansion into higher risk areas such as newer platform credit and private payroll lending.
Managerial revenue rose to R$3,730 million, topping guidance by 3.6%, and net interest income reached R$2,002 million, 5.4% above projections, boosted by growing credit income. Total cash in totaled R$136.4 billion, up 17% from a year earlier and 9% from the previous quarter, with customers bringing in an average of approximately R$45.4 billion to the platform each month. Total deposits climbed to R$35.8 billion, a 45% yearly jump and 10% quarterly rise.
Some concerns related to the company's loan portfolio emerged during the quarter. Non-performing loans more than 90 days overdue increased to 9.8% of the credit portfolio during the quarter, up 93 basis points sequentially. Stage 3 exposure, which includes a broader set of credit-impaired loans, reached 12.9% of the total credit portfolio.
#million #credit #quarter #Portfolio
welcomia/Shutterstock.com
The second quarter concluded with strong financial and operating momentum for PicS. The company recorded a 9% annual and 2% sequential growth in its client base, which went up to 45.4 million active users. The total credit portfolio jumped to R$31.9 billion, exceeding management's guidance by 3%. This outperformance came due to a higher number of mature credit card cohorts, and accelerated origination within secured and partly secured categories. An additional factor that accounted for the credit portfolio growth was management's measured expansion into higher risk areas such as newer platform credit and private payroll lending.
Managerial revenue rose to R$3,730 million, topping guidance by 3.6%, and net interest income reached R$2,002 million, 5.4% above projections, boosted by growing credit income. Total cash in totaled R$136.4 billion, up 17% from a year earlier and 9% from the previous quarter, with customers bringing in an average of approximately R$45.4 billion to the platform each month. Total deposits climbed to R$35.8 billion, a 45% yearly jump and 10% quarterly rise.
Some concerns related to the company's loan portfolio emerged during the quarter. Non-performing loans more than 90 days overdue increased to 9.8% of the credit portfolio during the quarter, up 93 basis points sequentially. Stage 3 exposure, which includes a broader set of credit-impaired loans, reached 12.9% of the total credit portfolio.
#million #credit #quarter #Portfolio
1 month ago
On August 5, Cencora (NYSE:COR) reported results for its fiscal third quarter, which closed on June 30, and the headline numbers looked clean. Revenue rose 5.1% to $84.8 billion, adjusted earnings per share climbed 12.0% to $4.48, and management raised its full-year adjusted EPS outlook to $17.75 to $17.95. The company also repurchased $1 billion of its own stock during the quarter. But the profit story has moving parts, and a few of them pull in opposite directions.
Start with the gap between profit growth and sales growth. Adjusted operating income rose 17.0% while revenue grew only 5.1%. Much of the help came from gross profit, which jumped 23.2% on an adjusted basis as both segments contributed and the OneOncology acquisition in February lifted margins in the US business. In plain terms, adjusted gross margin widened 61 basis points to 4.16%, so the company keeps more gross profit from every dollar it sells.
The strength was not confined to one corner, either. US Healthcare Solutions grew operating income 15.9% on higher pharmaceutical sales and the OneOncology deal, while specialty volume to health systems and physician groups lifted its revenue. International Healthcare Solutions did better still, with operating income up 20.8% on strength in European distribution and global specialty logistics. Management also put cash to work, completing in one quarter the $1 billion of buybacks it had expected to finish by the close of calendar 2026. The board declared a $0.60 quarterly dividend as well, payable August 31, to holders of record on August 14.
Growth is costing more than it first appears. Adjusted operating expenses jumped 26.8%, faster than adjusted gross profit, because OneOncology brought expenses along with its profits. Even so, adjusted operating income amounts to just 1.46% of revenue, a thin cushion on a business this large. Financing adds weight too. Cencora funded part of the purchase with new senior notes plus variable-rate term loans, and net interest expense rose $58.9 million from a year earlier.
The sales mix carries its own drag. GLP-1 drugs for diabetes and weight loss are adding to revenue, but they earn lower gross margins, so each dollar of that growth is worth less to profit. Meanwhile, an oncology customer Cencora lost in 2025, and lower sales to a large mail order customer both held back US revenue, as did lower manufacturer prices on some brand pharmaceuticals. Cencora is also exploring strategic alternatives for a group of other businesses, and its April divestiture of US Consulting Services trimmed consulting sales.
#adjusted #revenue #august
Start with the gap between profit growth and sales growth. Adjusted operating income rose 17.0% while revenue grew only 5.1%. Much of the help came from gross profit, which jumped 23.2% on an adjusted basis as both segments contributed and the OneOncology acquisition in February lifted margins in the US business. In plain terms, adjusted gross margin widened 61 basis points to 4.16%, so the company keeps more gross profit from every dollar it sells.
The strength was not confined to one corner, either. US Healthcare Solutions grew operating income 15.9% on higher pharmaceutical sales and the OneOncology deal, while specialty volume to health systems and physician groups lifted its revenue. International Healthcare Solutions did better still, with operating income up 20.8% on strength in European distribution and global specialty logistics. Management also put cash to work, completing in one quarter the $1 billion of buybacks it had expected to finish by the close of calendar 2026. The board declared a $0.60 quarterly dividend as well, payable August 31, to holders of record on August 14.
Growth is costing more than it first appears. Adjusted operating expenses jumped 26.8%, faster than adjusted gross profit, because OneOncology brought expenses along with its profits. Even so, adjusted operating income amounts to just 1.46% of revenue, a thin cushion on a business this large. Financing adds weight too. Cencora funded part of the purchase with new senior notes plus variable-rate term loans, and net interest expense rose $58.9 million from a year earlier.
The sales mix carries its own drag. GLP-1 drugs for diabetes and weight loss are adding to revenue, but they earn lower gross margins, so each dollar of that growth is worth less to profit. Meanwhile, an oncology customer Cencora lost in 2025, and lower sales to a large mail order customer both held back US revenue, as did lower manufacturer prices on some brand pharmaceuticals. Cencora is also exploring strategic alternatives for a group of other businesses, and its April divestiture of US Consulting Services trimmed consulting sales.
#adjusted #revenue #august
1 month ago
On August 6, Aflac (NYSE:AFL) reported second-quarter numbers that point in opposite directions. Net earnings climbed to $825 million, helped along by investment losses that shrank to $153 million from $421 million a year ago. Adjusted earnings, though, fell 7.7% to $883 million. Both numbers are real, but they answer different questions. Which measure you trust changes the story, so here is what sits underneath.
Start with the yen, because it is muddying the picture. The average rate was 159.45 to the dollar, 9.3% weaker than a year earlier, and that cost adjusted earnings $0.05 a share. Take the currency out of the first half and adjusted earnings per share rose 4.1% to $3.57. ******* an is also running more profitably. Its pretax adjusted margin widened to 34.3% from 32.0% as claims took a smaller bite out of premiums, and yen-based pretax adjusted earnings rose 3.4%. So part of the decline in ******* an's dollar-reported profit is currency, not operations.
The US business is still growing at the top line. Net earned premiums rose 2.3% to $1.5 billion, and sales climbed 2.6% to $349 million, led by group voluntary benefits along with dental and vision plans. In ******* an, the refreshed Tsumitasu life policy and the new Anshin Palette medical product grew strongly in the quarter, and first-half sales rose 7.0% to ¥37.3 billion. Then there is the cash. Aflac returned $1.3 billion to shareholders in the quarter, $983 million of it through buybacks, and declared a $0.61 third-quarter dividend, payable September 1 to holders of record on August 19, 2026. Management notes 43 straight years of dividend increases through 2025 and says the board is on a path to extend that in 2026.
The catch is that ******* an's profit gains came from lower claims, not a bigger business. Net earned premiums in yen fell 3.7%, mainly because of a new external reinsurance deal and older limited-pay policies reaching paid-up status. Premium persistency, the share of policies customers keep, slipped to 92.7% from 93.7%. ******* an's pretax adjusted earnings still fell 2.1% once currency is stripped out, and new sales dipped 5.6% in the quarter against a tough comparison for the Miraito cancer product, which launched in March 2025.
The US segment has its own soft spot. Pretax adjusted earnings fell 4.6% to $370 million, and the margin narrowed to 20.9% from 22.5% as claims and benefits took a bigger share of premiums. Corporate and Other swung to a $10 million pretax adjusted loss from a $20 million gain a year earlier, with interest expense up 21.6% to $62 million. And adjusted book value per share, excluding foreign currency remeasurement, slid to $41.22 at June 30 from $42.97 a year earlier.
#earnings #fell
Start with the yen, because it is muddying the picture. The average rate was 159.45 to the dollar, 9.3% weaker than a year earlier, and that cost adjusted earnings $0.05 a share. Take the currency out of the first half and adjusted earnings per share rose 4.1% to $3.57. ******* an is also running more profitably. Its pretax adjusted margin widened to 34.3% from 32.0% as claims took a smaller bite out of premiums, and yen-based pretax adjusted earnings rose 3.4%. So part of the decline in ******* an's dollar-reported profit is currency, not operations.
The US business is still growing at the top line. Net earned premiums rose 2.3% to $1.5 billion, and sales climbed 2.6% to $349 million, led by group voluntary benefits along with dental and vision plans. In ******* an, the refreshed Tsumitasu life policy and the new Anshin Palette medical product grew strongly in the quarter, and first-half sales rose 7.0% to ¥37.3 billion. Then there is the cash. Aflac returned $1.3 billion to shareholders in the quarter, $983 million of it through buybacks, and declared a $0.61 third-quarter dividend, payable September 1 to holders of record on August 19, 2026. Management notes 43 straight years of dividend increases through 2025 and says the board is on a path to extend that in 2026.
The catch is that ******* an's profit gains came from lower claims, not a bigger business. Net earned premiums in yen fell 3.7%, mainly because of a new external reinsurance deal and older limited-pay policies reaching paid-up status. Premium persistency, the share of policies customers keep, slipped to 92.7% from 93.7%. ******* an's pretax adjusted earnings still fell 2.1% once currency is stripped out, and new sales dipped 5.6% in the quarter against a tough comparison for the Miraito cancer product, which launched in March 2025.
The US segment has its own soft spot. Pretax adjusted earnings fell 4.6% to $370 million, and the margin narrowed to 20.9% from 22.5% as claims and benefits took a bigger share of premiums. Corporate and Other swung to a $10 million pretax adjusted loss from a $20 million gain a year earlier, with interest expense up 21.6% to $62 million. And adjusted book value per share, excluding foreign currency remeasurement, slid to $41.22 at June 30 from $42.97 a year earlier.
#earnings #fell
1 month ago
Though it's down by 33% over the last five years, Ethereum (CRYPTO: ETH) climbed from about $130 in early 2020 to over $4,800 in early November 2021, which would have been sufficient to turn an investment of $27,000 into about $1 million. It's natural for investors to wonder if another historic run is in the cards for the coin, given that it's more widely known now than it was then.
Today, with a market cap of $292 billion as of Sept. 15, Ethereum can still grow your wealth substantially, but it probably won't be a millionaire maker for those with small positions anytime soon. Let's first look at the math to see why, then examine its upcoming catalysts.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our **** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Ethereum isn't going to be a millionaire-maker investment from here, even if you're willing to pony up a lot more capital than most investors have on hand or are willing to allocate to a lottery ticket, and even if it becomes the next cryptocurrency to explode.
Turning $10,000 into $1 million requires a 100x gain, which would boost Ethereum's market cap to $29.2 trillion.
#even
Today, with a market cap of $292 billion as of Sept. 15, Ethereum can still grow your wealth substantially, but it probably won't be a millionaire maker for those with small positions anytime soon. Let's first look at the math to see why, then examine its upcoming catalysts.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our **** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Ethereum isn't going to be a millionaire-maker investment from here, even if you're willing to pony up a lot more capital than most investors have on hand or are willing to allocate to a lottery ticket, and even if it becomes the next cryptocurrency to explode.
Turning $10,000 into $1 million requires a 100x gain, which would boost Ethereum's market cap to $29.2 trillion.
#even
1 month ago
Americans have paid about $97 billion more for fuel since the Iran war started in late February, roughly $740 extra per household, according to CNN. President Trump says prices will come down after the midterms. The CEO of Chevron just said publicly he does not see how that happens quickly.
Mike Wirth, Chevron's chairman and chief executive, spoke at a University of Texas at Austin energy conference on September 11. He told the audience that the mechanisms that helped absorb the oil supply shock earlier in the conflict have largely been used up, and that prices are more likely to rise than fall over the next few months.
When the U.S.-Iran conflict began, the oil market had several ways to handle the disruption. Countries could release crude from strategic reserves. Commercial inventories could be drawn down. The U.S. eased restrictions on sanctioned crude stored on vessels at sea. Those measures helped limit the initial price spike.
"Those have largely now played out," Wirth said. The energy system no longer has the buffers it had when the war began.
The loss of flexibility became more acute after attacks knocked out a major Saudi crude pipeline that had been bypassing the Strait of Hormuz. That single disruption put an estimated 2.5 million barrels of oil per day in limbo, tightening a market that was already running short on supply.
#crude #prices #energy #conflict
Mike Wirth, Chevron's chairman and chief executive, spoke at a University of Texas at Austin energy conference on September 11. He told the audience that the mechanisms that helped absorb the oil supply shock earlier in the conflict have largely been used up, and that prices are more likely to rise than fall over the next few months.
When the U.S.-Iran conflict began, the oil market had several ways to handle the disruption. Countries could release crude from strategic reserves. Commercial inventories could be drawn down. The U.S. eased restrictions on sanctioned crude stored on vessels at sea. Those measures helped limit the initial price spike.
"Those have largely now played out," Wirth said. The energy system no longer has the buffers it had when the war began.
The loss of flexibility became more acute after attacks knocked out a major Saudi crude pipeline that had been bypassing the Strait of Hormuz. That single disruption put an estimated 2.5 million barrels of oil per day in limbo, tightening a market that was already running short on supply.
#crude #prices #energy #conflict
1 month ago
On September 16, Air Products (NYSE:APD) said it had signed a long-term deal to supply high-purity gases to a leading chipmaker, backed by roughly $250 million of its own money in Arizona. It is the company's second semiconductor supply win, and the two projects together carry more than $900 million of investment. That is a notable turn for a company that has been pulling back from big clean-energy projects.
The Arizona project plays to what Air Products already does. It will build, own, and operate the equipment, from hydrogen generation units and carbon dioxide purification to bulk supply for three gases: helium, hydrogen, and carbon dioxide. That means the customer's gas supply runs through equipment Air Products owns. Supply is targeted to start in phases, so the buildout can move alongside the customer's expansion plans. And this is familiar ground. Air Products has supplied electronics makers for more than 40 years, and its Chandler facility has served the Phoenix chip cluster since 1981, with a pipeline system carrying ultra-high purity nitrogen around the area.
The core business gives the deal a solid floor. In the fiscal third quarter, reported on July 30, adjusted earnings per share rose 12% to $3.47, and management lifted its full-year outlook to an adjusted $13.39 to $13.49 per share. Margins widened as well, so growth is showing up as profit. Chips appear elsewhere in the results too, since the company announced a deal to build four large air separation units to serve a chipmaker's growth in Taiwan.
The cost of the pivot is hard to ignore. On June 30, Air Products announced it would not go ahead with its Louisiana Clean Energy Complex and would discontinue a zero-carbon liquid hydrogen facility in Casa Grande, Arizona, plus other smaller clean energy distribution projects. The exits triggered roughly $2.9 billion in pre-tax charges, which is why the company posted a GAAP loss of $6.47 per share in the third quarter even as its underlying earnings grew. Adjusted results leave that hit out, but the GAAP numbers show what the retreat cost.
Owning the ****** ets also means funding them. Air Products expects about $3.5 billion of capital spending in fiscal 2026, and the Arizona plant alone is a commitment of approximately $250 million, with supply arriving in phases. The release also leaves gaps: it does not name the customer or say how long the contract runs, so the length of the revenue stream is unclear. Elsewhere, Europe's operating income rose only 2% as costs climbed, and management says it is still cautious about the economic backdrop.
#clean #adjusted
The Arizona project plays to what Air Products already does. It will build, own, and operate the equipment, from hydrogen generation units and carbon dioxide purification to bulk supply for three gases: helium, hydrogen, and carbon dioxide. That means the customer's gas supply runs through equipment Air Products owns. Supply is targeted to start in phases, so the buildout can move alongside the customer's expansion plans. And this is familiar ground. Air Products has supplied electronics makers for more than 40 years, and its Chandler facility has served the Phoenix chip cluster since 1981, with a pipeline system carrying ultra-high purity nitrogen around the area.
The core business gives the deal a solid floor. In the fiscal third quarter, reported on July 30, adjusted earnings per share rose 12% to $3.47, and management lifted its full-year outlook to an adjusted $13.39 to $13.49 per share. Margins widened as well, so growth is showing up as profit. Chips appear elsewhere in the results too, since the company announced a deal to build four large air separation units to serve a chipmaker's growth in Taiwan.
The cost of the pivot is hard to ignore. On June 30, Air Products announced it would not go ahead with its Louisiana Clean Energy Complex and would discontinue a zero-carbon liquid hydrogen facility in Casa Grande, Arizona, plus other smaller clean energy distribution projects. The exits triggered roughly $2.9 billion in pre-tax charges, which is why the company posted a GAAP loss of $6.47 per share in the third quarter even as its underlying earnings grew. Adjusted results leave that hit out, but the GAAP numbers show what the retreat cost.
Owning the ****** ets also means funding them. Air Products expects about $3.5 billion of capital spending in fiscal 2026, and the Arizona plant alone is a commitment of approximately $250 million, with supply arriving in phases. The release also leaves gaps: it does not name the customer or say how long the contract runs, so the length of the revenue stream is unclear. Elsewhere, Europe's operating income rose only 2% as costs climbed, and management says it is still cautious about the economic backdrop.
#clean #adjusted