Over 11,000 people participated in the City of Austin's adult year-round sports leagues in 2024, with growth among seniors and transplants expected in 2025 and 2026. On Friday, players and team leaders in the program were notified the city is canceling its indoor leagues, including basketball and volleyball, to save $400,000.
"The approved reduction removes two recreational programming positions and **** ociated funding related to adult indoor sports operations, totaling an estimated savings of $400,000," reads a statement from the city's department. "It is one of the reductions made within Austin Parks and Recreation, and similar savings measures were approved across other General Fund departments."
According to a City of Austin Parks and Recreation presentation, the department had 1,113 team sign-ups in 2024 across all adult sports, including outdoor leagues like softball and flag football. With registration costs at $350 per team, the department generated approximately $389,550 in revenue. The city's basketball leagues have all been canceled, with refunds to teams to follow.
The department states that the changes are part of the city's ongoing budget constraints and that it is actively evaluating how adult sports opportunities can continue within department‑operated **** es. Notably, this would likely involve removing the city as operators of Austin's adult indoor sports leagues and relying on community or private organizations to preserve play.
"If these leagues go away, there's not another place that we can move and replicate what we've had for generations," said Austin resident and adult sports league participant Pete Signor to KVUE. "Most other leagues are significantly more expensive, like triple the cost, and many of them are not as skilled or more social in nature."

#department #austin

NVIDIA's $108B Q3 guide and supply-constraint warning sent WULF up 7% and APLD up 5% as contracted power capacity grows scarcer and more valuable.
DTCR rose only 0.8% while individual capacity operators surged, confirming today's flow targets contracted AI power hosts, not the broad data center sector.
Don't wait: the ******* yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
TeraWulf (NASDAQ:WULF) stock is up 6% to $16.90 Thursday morning, while Applied Digital (NASDAQ:APLD) shares are climbing 5% to $28.12. Both names are riding a read-across from someone else's earnings report.
That report came from NVIDIA (NASDAQ:NVDA), whose stock is up 7% to $224.38 following a blowout print delivered Wednesday afternoon. NVIDIA's Q2 FY2027 results and forward guide have reignited the AI compute trade across capacity operators tied to hyperscaler and AI-lab demand.

#NASDAQ #apld #contracted #operators

Langdon Partners' Q2 2026 investor letter for the Langdon Global Smaller Companies Strategy revealed a 9.4% return, lagging behind the MSCI World Small Cap Net Index's 17.0% gain, with a year-to-date return of -10.7% versus the index's 35.3%. A copy of the letter can be downloaded here. Despite the improvement, the seven-percentage point lag behind the benchmark is considered disappointing, and year-to-date performance is still below long-term expectations. The market sends signals through share prices, where rising prices indicate improvement and falling prices suggest decline. However, blindly following these signals can be misleading. The portfolio's performance reflected this, with technology lagging and consumer discretionary stocks performing well. The quarter emphasized that market expectations can shift quickly, demanding careful ***** sment of a business's long-term earning potential. Also, check the fund's top five holdings to see its best picks in 2026.
In its Q2 2026 investor letter, Langdon Global Smaller Companies Strategy highlighted Miami International Holdings, Inc. (NYSE:MIAX). Miami International Holdings, Inc. (NYSE:MIAX) is a financial services company that builds and operates various financial marketplaces in the United States. On August 26, 2026, Miami International Holdings, Inc. (NYSE:MIAX) closed at $43.39 per share, reflecting a market capitalization of $4.30 billion. Miami International Holdings, Inc. (NYSE:MIAX) posted a one‑month return of -5.67%, while its shares gained 22.26% over the past 52 weeks.
Langdon Global Smaller Companies Strategy stated the following regarding Miami International Holdings, Inc. (NYSE:MIAX) in its Q2 2026 investor letter:
"We initiated a position in Miami International Holdings, Inc. (NYSE:MIAX) during the second quarter. MIAX operates electronic exchanges across several areas of the U.S. financial markets. Exchange businesses can possess attractive characteristics, including transaction-based revenue, operating leverage and network effects that may strengthen as liquidity and participation grow. Our interest in MIAX rests on the combination of its existing position in U.S. listed options, its proprietary technology infrastructure and its ability to introduce new products across a broader derivatives platform.
The company has continued to gain share in certain markets while investing in new products and partnerships. Because much of its technology and operating infrastructure is already in place, higher trading volumes may support attractive incremental margins over time. That potential is meaningful but not ***** ured. Exchange operators face substantial competitive, regulatory and execution risks. Their economics can also be affected by trading activity, pricing, market structure and the actions of large incumbents..." (Click here to read the full text)

#holdings #global #smaller

Alluvial Capital Management's Q2 2026 investor letter for the Alluvial Fund reported a 4.9% return, with a year-to-date increase to 8.0%. A copy of the letter can be downloaded here. While these results are acceptable, they are overshadowed by the impressive performance of small-cap and micro-cap stocks, particularly in AI and semiconductor sectors. The portfolio remains stable and focused on dependable cash flow producers, although it sometimes lags in momentum-driven markets. July showed improvement for Alluvial Fund as benchmarks declined. The author emphasizes the importance of a dependable investment strategy focused on solid cash flow producers, while expressing confidence that the portfolio's intrinsic value discount will lessen over time. The letter aims to communicate the fund's approach and highlights potential opportunities in overlooked sectors, urging a long-term investment perspective amidst current market trends. Also, check the fund's top five holdings to see its best picks in 2026.
In its Q2 2026 investor letter, Alluvial Fund highlighted Vistance Networks, Inc. (NASDAQ:VISN) as a newly added position. Vistance Networks, Inc. (NASDAQ:VISN) is a global provider of infrastructure solutions for communications, data center, and entertainment networks. On August 26, 2026, Vistance Networks, Inc. (NASDAQ:VISN) closed at $11.05 per share, reflecting a market capitalization of $2.55 billion. Vistance Networks, Inc. (NASDAQ:VISN) posted a one-month return of -5.64%, while its shares lost 30.76% over the past 52 weeks.
Alluvial Fund stated the following regarding Vistance Networks, Inc. (NASDAQ:VISN) in its Q2 2026 investor letter:
"Vistance Networks, Inc. (NASDAQ:VISN), a new holding for Alluvial Fund, is a company in the midst of dismantling itself. Over the past twelve months, Vistance has sold its two largest businesses. Vistance is now down to just one remaining operating ****** et, Aurora Networks, which manufactures equipment for cable networks like Comcast and Charter. It's not a wonderful business—results are lumpy and customer concentration is high—but it is not going away. Faced with relentless competition from fiber and wireless internet alternatives, cable operators have no choice but to continue to invest in speed and reliability upgrades. On the heels of this radical reduction in scale, I don't think Vistance stays independent. Management has gone from running an enterprise doing almost $7 billion in annual sales to one doing just $1 billion. Once it pays out the proceeds from its latest business sale, Vistance will have a market capitalization below $1 billion. As a newly-minted micro-cap company, it might as well be invisible. Being a listed, SEC-reporting micro-cap comes with all the headaches and annoyances of being public, but without most of the benefits. Given the choice between fading into irrelevance as a micro-cap network equipment maker and achieving a neat resolution (and a nice liquidity event for management,

BROWNSVILLE, Texas (AP) — An Immigration and Customs Enforcement officer charged with shooting a man and lying about it during the immigration crackdown in Minneapolis was released from a Texas jail Thursday, after a judge refused to order his return to Minnesota.
Christian Castro was released at the break of dawn from a detention center in Brownsville. He motioned his hand toward a few camera operators and a reporter crowding around him and quickly got into an SUV that drove off.
A day earlier, U.S. District Judge Fernando Rodriguez Jr. wrote in an order that said he couldn't prevent a county sheriff from releasing Castro or order Texas Gov. Greg Abbott to sign his extradition warrant.
Castro is charged in Minnesota with ***** ault and falsely reporting a crime in the Jan. 14 shooting of 24-year-old Julio Cesar Sosa-Celis.
Castro is accused of firing a gun through the front door of a Minneapolis home, shooting Sosa-Celis in the leg. Prosecutors say Castro also falsely accused Sosa-Celis and another man of attacking an ICE officer with a broom handle and a snow shovel.

#minneapolis #minnesota #immigration

Marvell Technology (NASDAQ: MRVL) has delivered a standout performance among semiconductor stocks so far in 2026. The first catalyst arrived earlier this year in the form of a $2 billion investment from Nvidia -- bolstering a partnership that aims to deepen the technical collaboration between the two chip companies around interconnects and photonics.
This endorsement was amplified in June after Nvidia CEO Jensen Huang publicly ***** erted that Marvell could become the next trillion-dollar artificial intelligence (AI) chip company. With Marvell shares up more than 160% year to date and with its second-quarter earnings scheduled for Aug. 27, some investors may be wondering whether Marvell stock is still a buy.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Consensus estimates among ***** ysts point to revenue of approximately $2.7 billion, which would amount to 35% growth year over year. Adjusted earnings per share (EPS) are expected to be $0.93, an increase of roughly 39%. Sustained growth at this scale implies Marvell has secured meaningful traction in custom application-specific integrated circuits (ASICs), high-speed networking, and optical connectivity from AI hyperscale operators.
Attempting to time your buys right before or after an earnings release is not a sustainable investment strategy in the long run. The stock market prices a wide range of possible outcomes into shares ahead of such high-profile events, and the moves that follow an earnings report frequently are driven more by management's guidance and commentary than by the headline numbers themselves. Using a strategy of dollar-cost averaging avoids this noise because it spreads your purchases across multiple periods, reducing the impact of short-term volatility on your average purchase price.

#marvell #year

Nvidia's 15% price hike hands Alphabet (GOOGL) a sales pitch for its TPUs and keeps Marvell (MRVL) winning regardless of which architecture dominates.
Murphy says Marvell's custom chip business will exceed $10 billion by fiscal 2029, backed by designs already won at every major U.S. hyperscaler.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Google didn't make the cut. Grab the names FREE today.
Some of Nvidia's (NASDAQ:NVDA) largest customers have been warned that AI servers built around Grace Blackwell and Vera Rubin chips could cost more than 15% extra in early 2027 as memory prices climb. Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) is among the data center operators exposed to those increases, putting it in an unusual position.
Alphabet buys Nvidia hardware to serve customers who want it and sells a competing stack built around its own tensor processing units. Management has committed $195 billion to $205 billion in capital spending this year on AI infrastructure, and a new partnership with Marvell (NASDAQ:MRVL) could generate up to $120 billion in custom-chip sales through fiscal 2033.

#googl #NVIDIA

Just a few years ago, most people may not have even known what a natural gas power turbine was, or what they're used for. Today, investors keeping tabs on the artificial intelligence (AI) revolution are almost certainly familiar with them, and the AI industry's lack of them.
See, gas turbines generate onsite electricity that AI data centers need, but utility companies aren't in a position to deliver. Anywhere from the size of a delivery truck to a train car, these massive machines can put out watts to power a small city, or -- obviously -- an AI data center. They just need a supply of natural gas, which is now proving easier to get than an institutional-scale hookup to a power grid.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
And the AI industry is most definitely embracing the solution. Although the majority of them aren't yet operational, BloombergNEF reports that there are nearly 100 data centers with, or building, on-site natural gas turbine power infrastructure. Although they come with a higher upfront cost, owners/operators like their long-term cost-effectiveness and the self-sufficiency they enable. To this end, PwC expect the AI industry's consumption of natural gas to more than quintuple by 2035, with power turbines accounting for much of this growth.
There's just one not-so-small problem with the idea. That is, with demand greatly exceeding supply, prices of natural gas power turbines are soaring. As energy industry consulting and research firm Wood Mackenzie noted earlier this year, by the end of next year, the per-kilowatt cost of gas-powered turbines could be 195% higher than where it was in 2019.

#power #cost

AT&T (NYSE: T) is part of a cellphone oligopoly in the United States. Essentially, the telecom giant and its main competitors dominate the sector, making it difficult for a newcomer to break in. However, that hasn't stopped companies from trying, including cable operators offering bundled services and, perhaps, even **** e Exploration Corporation's (NASDAQ: SPCX) Starlink. Here's how investors should view AT&T's ability to maintain its well-above-market 4.4% dividend yield as more companies try to break into the lucrative cellphone market.
The first thing to consider when looking at AT&T's business is the competitive landscape. It has always been intense, as the members of the cellphone oligopoly fight tooth and nail for market share. There's a good reason for that, however: customer revenues tend to be annuity-like. That provides a solid foundation for paying the dividend. And while the involvement of cable companies and **** eX increases competition, AT&T should be able to hold its own as a business.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
That big picture view of the situation, however, doesn't mean it will be able to continue paying its dividend at the current level. Most investors **** sing dividend support will look to the payout ratio to determine whether the company can continue paying nearly $2 billion in dividends each quarter. The 36% trailing 12-month payout ratio suggests the answer is yes.
But that $2 billion in dividends number came from the cash flow statement, not the income statement, where earnings live. This is because earnings aren't what pay the dividend; cash flow is. When you compare the dividend to cash flow, using the cash dividend payout ratio, you get a slightly lower coverage rate of 45%. That, however, still looks like ample coverage.

#NVIDIA

Brittany Boltinhouse has sued the Miss USA Organisation after losing her Miss North Carolina USA crown. The beauty queen claimed officials falsely branded her racist and bigoted. Her lawsuit also accused pageant officials of defamation and civil conspiracy.
According to the lawsuit obtained by TMZ, Boltinhouse named the Miss USA Organization and CEO Thom Brodeur. She also named the operators of the Miss North Carolina USA pageant. She alleged that officials smeared her publicly after removing her crown.
Her attorney, Patrick Mincey, said the case focused on what happened afterward. He argued that officials labeled Boltinhouse racist, ******* phobic, and transphobic. He also claimed her political views influenced the decision to remove her.
Boltinhouse reportedly supported Donald Trump and Charlie Kirk. She had also criticized President Biden's Transgender Day of Visibility. Her lawsuit claimed officials used old social media posts as a reason to remove her.
The controversy began after old posts from 2017 and 2019 resurfaced. The posts showed Boltinhouse repeatedly using the N-word. She acknowledged making the posts but denied being racist, ******* phobic, or transphobic.

#posts #north

This story was originally published on QSR. To receive daily news and insights, subscribe to our free daily QSR AM Jolt.
In today's challenging restaurant environment, operators are under constant pressure to grow sales while managing rising food, labor, occupancy, and operating costs. While much attention is placed on pricing, promotions, labor optimization, and food costs, one of the most powerful tools for improving restaurant economics is often overlooked: the menuboard.
The menuboard is one of the most important points of communication between a restaurant and its customers. It does more than tell customers what is available and what it costs. A well-designed and strategically optimized menuboard can greatly influence product selection, increase average check, improve throughput, reduce decision friction, and make the operation easier to execute. When these benefits are considered together, the return on investment from menuboard optimization can be substantial.
A menuboard should be viewed as a "silent" salesperson that serves every customer, every day. Unlike a traditional advertising investment, the menuboard goes to work at the precise moment a customer is making a purchase decision.
Its job is to answer three fundamental customer questions quickly: What can I order? What looks appealing? What represents the best value for me?

#menuboard #costs #customer #optimization

As we look toward 2027, the contrast between a high-flying satellite newcomer and a legacy aerospace giant creates a unique dilemma for investors. You must choose between AST ***** eMobile Inc (NASDAQ:ASTS) and Boeing Co (NYSE:BA).
AST ***** eMobile is pioneering a ***** e-based cellular network, while Boeing continues to be a ***** an in commercial aviation and defense. This comparison pits a speculative, rapid-growth technology story against a massive industrial turnaround effort. Deciding which to buy requires balancing the potential for massive disruption against the stability of established manufacturing.
AST ***** eMobile is building the first ***** e-based cellular broadband network designed to connect directly to standard smartphones for commercial and government use. Its strategy, detailed in its latest annual report, relies on partnering with mobile network operators like AT&T Inc (NYSE:T) and Verizon Communications (NYSE:VZ) to fill coverage gaps for nearly 3 billion subscribers. With definitive agreements with these major carriers and various U.S. government agencies, customer concentration like this adds a layer of risk to the business. That said, it also counts Vodafone Group (NASDAQ:VOD) and Saudi Telecom Co as strategic international partners who help it navigate local regulatory markets.
In FY 2025, revenue reached approximately $70.9 million, a substantial jump from the $4.4 million reported in the prior fiscal year. The company reported a net loss of nearly $342 million for the period. While revenue growth is accelerating as the company begins its commercial rollout, profitability remains a distant goal during this build-out phase.
The current debt-to-equity ratio is roughly 1.2x, showing the company relies more on debt than equity to fund its operations. Free cash flow, which is cash flow from operations minus capital expenditures, was more than negative $1.1 billion for FY 2025, as the firm invested heavily in its proprietary manufacturing and launch capabilities.

#boeing

Permian Resources Corporation (NYSE:PR) was held by 56 hedge funds at the end of Q1 2026, remaining unchanged from the previous quarter. However, the total stake value of these hedge fund investors surged from just over $1.2 billion in Q4 2025 to around $1.8 billion in the first quarter.
Ken Griffin's Citadel Investment Group held the largest stake in PR at the end of Q1, with a total value of almost $266 million.
Permian Resources Corporation (NYSE:PR) has turned into one of the most important shale operators in the United States. The company delivered exceptional results for its Q2 2026 earlier this month, supported by higher oil prices, increasing production, and strong financial discipline.
Permian Resources reported a record free cash flow of $751 million during the quarter, up almost 50% sequentially, and translating into a record free cash flow per share of $0.88. Meanwhile, oil production also surged by 3% sequentially, and the company's updated oil output guidance of 199,000 bpd for the full year 2026 is 10% higher than 2025.
Notably, the energy firm expects to achieve the higher production target with approximately 1% lower spending compared to last year, highlighting the improving capital efficiency of its business.

#total

A Bloomberg report on August 18 revealed that BP plc (NYSE:BP) has become the latest foreign company to enter the Venezuelan oil trade, with the tanker Monte Lema loading 400,000 barrels of heavy fuel oil for the British energy giant. The oil is being supplied by the state-owned PDVSA. The strategic move places BP among a select group of companies, including trading giants Trafigura and Vitol, with direct access to Venezuelan oil.
The development comes a few days after it was announced that the London-based company would partner with two other firms to develop the second phase of the Loran gasfield, in one of the first large-scale foreign investments in the South American country since the ouster of Nicolás Maduro earlier this year. That said, while the consortium has secured the official exploration and production license, the project remains in the pre-FID phase.
The developments come after President Trump called for global oil companies to invest in Venezuela and help restore and modernize its dilapidated oil infrastructure. The South American nation is sitting on the largest proven crude oil reserves in the world, accounting for roughly 17% of the global total. However, the oil-rich country's government nationalized major heavy oil projects in 2007, forcing foreign operators into minority stakes or outright seizing their **** ets.
As a relatively early mover, BP plc (NYSE:BP) stands to gain a lot from a gradual revival of Venezuelan oil output. The company appears to be positioning itself across multiple areas of Venezuela's energy value chain – from exploration to production, to trading and international marketing. It means that the energy giant could benefit from the country in many ways as it reconnects with global energy markets.
Moreover, BP's entry into the Venezuelan oil trade could give it an opportunity to capture trading margins in addition to upstream earnings. This could be particularly beneficial for the company as it could potentially leverage its already existing refining, marketing, shipping, and trading infrastructure in the region. Although Trafigura and Vitol have an early foothold in Venezuela's oil trading business, BP's large integrated energy business gives it a significant competitive edge.

#energy #company #vitol

Marvell Technology (MRVL) is a leading fabless semiconductor company specializing in data-infrastructure chips that power cloud, artificial intelligence (AI), and networking systems worldwide. Founded in 1995, Marvell designs custom silicon, optical interconnects, and ASIC solutions used by hyperscale data-center operators to build next-generation AI infrastructure.
Marvell has rapidly expanded its footprint amid the generative AI boom through custom accelerator chips, optical interconnect technology, and strategic acquisitions including Celestial AI and XConn. With deep partnerships across major cloud providers and a broadening portfolio spanning switching, processing, and optical silicon, the company has positioned itself as a critical enabler of AI-driven data-center growth.
Barron Trump, 20, Now Worth $150 Million — More Than Mom, Melania — From Crypto And $39 Energy Drink
Billionaire Michael Saylor Warns Against Buying a House Because 'Every 36 Years You Actually Pay the Cost of the House in Tax to the Government'
QQQ Just 'Gamma Flipped' as Market Makers Were Forced to Sell. Here's What Our Top Chart Expert is Tracking Next.

#optical #next #company #infrastructure

This story was originally published on QSR. To receive daily news and insights, subscribe to our free daily QSR AM Jolt.
Slim Chickens is putting additional investments behind the operators driving its next stage of growth. In August 2026, the better-chicken brand launched a new Development Fund Program that provides qualifying new and existing franchisees with cash investment payments of up to $200,000 per restaurant as they add locations and expand their presence in key markets.
The program is built to help franchisees put more Slim Chickens restaurants on the map. By investing alongside operators developing exclusively in-line and drive-thru endcap restaurants, Slim Chickens is helping franchisees add ***** ets to their portfolios, build greater market density and capture more opportunity within the communities they serve.
Under the Development Fund Program:
First Qualifying Restaurant: New and existing franchisees who open their first qualifying drive-thru endcap or in-line restaurant on or before Dec. 15, 2027, are eligible for a $150,000 Cash Investment Payment within 30 days after opening. Those who open their first qualifying restaurant between Dec. 16, 2027, and Dec. 31, 2028, are eligible for a $125,000 Cash Investment Payment within 30 days after opening.

#chickens #franchisees #first

Amazon plans to dramatically expand its Prime Air drone delivery service, saying it expects to reach nearly 500 U.S. cities and towns by the end of 2026 as retailers race to make airborne deliveries a larger part of everyday shopping.
The expansion would increase Prime Air's footprint sixfold, giving tens of millions more customers access to drone deliveries. Amazon said eligible shoppers can order millions of products, including groceries, electronics, medications and household essentials, with deliveries arriving in as fast as 30 minutes.
The announcement comes as the drone delivery industry appears poised for rapid growth. The Federal Aviation Administration (FAA) has proposed rules that would make it easier for certified operators to fly drones beyond a pilot's visual line of sight, a change companies say could significantly reduce costs and allow services to expand more quickly, according to Reuters.
Here's what to know about Amazon's Prime Air expansion, including where drone delivery is available and where it's headed next.
Prime Air currently operates from 11 delivery sites serving metro areas including Phoenix; Tampa, Florida; Kansas City, Kansas; Baton Rouge, Louisiana; Detroit; Omaha, Nebraska; Houston; Dallas; San Antonio; and Waco, Texas.

#delivery #amazon #expansion

Eagle Capital Management, an investment management company, released its second quarter 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, Eagle Capital Management discussed how enthusiasm around AI capital spending has driven strong S&P 500 earnings growth while also increasing risks from elevated valuations, concentrated demand, and aggressive investment **** umptions. Eagle remains a strong believer in AI but prefers constructing a portfolio that can perform across multiple outcomes rather than relying on one forecast. The firm believes current earnings can overstate underlying economics because semiconductor equipment is depreciated over several years, while free cash flow growth remains much weaker. It also expects competition and additional capacity across AI labs, hyperscalers, and semiconductors to eventually create winners and losers. These dynamics are encouraging Eagle to recycle capital toward attractive opportunities outside the most crowded AI trades while maintaining selective exposure to high quality beneficiaries. The portfolio trades at a 20% market discount with faster expected EPS growth. Please review the Strategy's top five holdings for key selections.
In its second-quarter 2026 investor letter, Eagle Capital Management highlighted NVIDIA Corporation (NASDAQ:NVDA). NVIDIA Corporation (NASDAQ:NVDA) is a leading data center-scale AI infrastructure company that operates through Compute & Networking and Graphics segments. On August 18, 2026, NVIDIA Corporation (NASDAQ:NVDA) closed at $219.74 per share. The one-month return of NVIDIA Corporation (NASDAQ:NVDA) was 3.62% and its shares gained 25.28% over the past 52 weeks. NVIDIA Corporation (NASDAQ:NVDA) has a market capitalization of $5.32 trillion.
Eagle Capital Management stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its Q2 2026 investor letter:
"NVIDIA Corporation (NASDAQ:NVDA) has dominated the market for Al accelerator chips and has become the most profitable company in the U.S. However, its largest customers have internal silicon programs that are likely to reduce NVIDIA's share over time. Google TPUs and Amazon's Trainium chips are the most competitive, but Microsoft, Meta, OpenAl, and Anthropic all have programs in various stages. When the market was small, custom programs were uneconomic. At today's scale, R&D can be amortized across the larger base. Moreover, NVIDIA's 75-80% gross margin implies it is marking up Taiwan Semiconductor ("TSMC") wafers by 4-5x. Custom programs don't have to be as good as NVIDIA to offer better price/performance to the end customer.
NVIDIA is investing in the neocloud industry to support demand for its chips and weaken hyperscalers' position. Ironically, by selling its chips at high prices, it makes the neoclouds high-cost operators, and therefore less likely to succeed against vertically integrated hyperscalers over the long term. As NVIDIA's market share crests and begins to fall, ma

VANDENBERG **** E FORCE BASE, Calif. (AP) — Five news reporters and two members of the military who were invited to an event at Vandenberg **** e Force Base in California were briefly detained at gunpoint by security officers who thought they were gate crashers, according to local news reports.
The incident happened Monday ahead of an invitation-only groundbreaking for a new training facility for missile operators at the federal airfield near Santa Barbara, California. Reporters from Noozhawk and KEYT were among those detained, and both outlets published articles detailing the detainment.
In a statement Wednesday, a **** e Launch Delta 30 Public Affairs spokesperson said base protocols will be reviewed.
"Vandenberg takes both installation security and our responsibility to invited media seriously. The journalists involved were accessing the installation at our invitation, and the installation commander has ordered a full review of the media coordination processes," the statement said.
The reporters and military members were part of a convoy being escorted onto the base by uniformed public affairs staff in a government minivan when they were suddenly ordered out of their vehicles with their hands up, according to news reports.

#installation #force #affairs

Eagle Capital Management, an investment management company, released its second quarter 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, Eagle Capital Management discussed how enthusiasm around AI capital spending has driven strong S&P 500 earnings growth while also increasing risks from elevated valuations, concentrated demand, and aggressive investment ****** umptions. Eagle remains a strong believer in AI but prefers constructing a portfolio that can perform across multiple outcomes rather than relying on one forecast. The firm believes current earnings can overstate underlying economics because semiconductor equipment is depreciated over several years, while free cash flow growth remains much weaker. It also expects competition and additional capacity across AI labs, hyperscalers, and semiconductors to eventually create winners and losers. These dynamics are encouraging Eagle to recycle capital toward attractive opportunities outside the most crowded AI trades while maintaining selective exposure to high quality beneficiaries. The portfolio trades at a 20% market discount with faster expected EPS growth. Please review the Strategy's top five holdings for key selections.
In its second-quarter 2026 investor letter, Eagle Capital Management highlighted NVIDIA Corporation (NASDAQ:NVDA). NVIDIA Corporation (NASDAQ:NVDA) is a leading data center-scale AI infrastructure company that operates through Compute & Networking and Graphics segments. On August 18, 2026, NVIDIA Corporation (NASDAQ:NVDA) closed at $219.74 per share. The one-month return of NVIDIA Corporation (NASDAQ:NVDA) was 3.62% and its shares gained 25.28% over the past 52 weeks. NVIDIA Corporation (NASDAQ:NVDA) has a market capitalization of $5.32 trillion.
Eagle Capital Management stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its Q2 2026 investor letter:
"NVIDIA Corporation (NASDAQ:NVDA) has dominated the market for Al accelerator chips and has become the most profitable company in the U.S. However, its largest customers have internal silicon programs that are likely to reduce NVIDIA's share over time. Google TPUs and Amazon's Trainium chips are the most competitive, but Microsoft, Meta, OpenAl, and Anthropic all have programs in various stages. When the market was small, custom programs were uneconomic. At today's scale, R&D can be amortized across the larger base. Moreover, NVIDIA's 75-80% gross margin implies it is marking up Taiwan Semiconductor ("TSMC") wafers by 4-5x. Custom programs don't have to be as good as NVIDIA to offer better price/performance to the end customer.
NVIDIA is investing in the neocloud industry to support demand for its chips and weaken hyperscalers' position. Ironically, by selling its chips at high prices, it makes the neoclouds high-cost operators, and therefore less likely to succeed against vertically integrated hyperscalers over the long term. As NVIDIA's market share crests and begins to fall,

Rising crude oil sends NCLH down 5%, CCL down 4%, and RCL down 3%, as higher fuel costs flow straight through to cruise margins with no company-specific news driving the moves.
Royal Caribbean's $78 billion market cap and 9% year-to-date gain cushion the oil shock far better than Norwegian's smaller, more leveraged balance sheet.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Royal Caribbean Cruises didn't make the cut. Grab the names FREE today.
Cruise operators are falling in step with rising crude oil, a rare case where a same-day macro move maps straight to an operating cost line. Fuel is a direct operating cost for cruise ships, so higher oil prices flow straight through to margins.
Norwegian Cruise Line (NYSE:NCLH) stock is down 5% to $16.50 by midday Thursday. Carnival (NYSE:CCL) shares are down 4% to $25.65, while Royal Caribbean Group (NYSE:RCL) stock is sliding 3% to $290.76.

#down #cruise #straight

VANDENBERG ***** E FORCE BASE, Calif. (AP) — Five news reporters and two members of the military who were invited to an event at Vandenberg ***** e Force Base in California were briefly detained at gunpoint by security officers who thought they were gate crashers, according to local news reports.
The incident happened Monday ahead of an invitation-only groundbreaking for a new training facility for missile operators at the federal airfield near Santa Barbara, California. Reporters from Noozhawk and KEYT were among those detained, and both outlets published articles detailing the detainment.
In a statement Wednesday, a ***** e Launch Delta 30 Public Affairs spokesperson said base protocols will be reviewed.
"Vandenberg takes both installation security and our responsibility to invited media seriously. The journalists involved were accessing the installation at our invitation, and the installation commander has ordered a full review of the media coordination processes," the statement said.
The reporters and military members were part of a convoy being escorted onto the base by uniformed public affairs staff in a government minivan when they were suddenly ordered out of their vehicles with their hands up, according to news reports.

#base #reporters #force #affairs

Kalshi filed with the Commodity Futures Trading Commission on Tuesday to launch perpetual futures contracts tied to U.S. equity indexes and copper, the company's latest effort to expand beyond its prediction market roots into traditional derivatives territory.
The equity index filing seeks to list a perpetual futures contract — known as a "perp" — on the MerQube U.S. Large Cap Index, which tracks the 500 largest companies listed and based in the U.S., according to CNBC. SEC approval is not required for the equity index contracts, Reuters reported, because broad-based equity baskets fall within the CFTC's regulatory purview rather than the SEC's.
The copper contract, designated COPPERPERP, would be a cash-settled perpetual futures contract referencing the spot price of copper in U.S. dollars per pound, using the Pyth Network XCU/USD price feed as its underlying price index, Kalshi said. Each contract would represent 1,000 pounds of copper, with a minimum tick of $0.0005 per pound. The contract would trade continuously from 6:00 PM Eastern Time on Sunday through 5:00 PM Eastern Time on Friday, with a funding payment calculated daily at 10:00 AM Eastern Time on weekdays to keep the contract price aligned with the spot reference price, Kalshi said.
Unlike standard futures, perpetual contracts have no set expiration, meaning traders can maintain a position for as long as they choose. To keep the contract price close to the spot market, the structure relies on periodic funding payments exchanged between opposing sides of the trade.
A month earlier, Kalshi had submitted a CFTC proposal for perps on precious metals such as gold and silver, according to CNBC. The equity index and copper filings extend that push into additional ****** et classes as the company works to position itself as a multi-asset derivatives exchange competing with established operators.

#price #kalshi #futures #time

LAND O' LAKES, Fla. (AP) — Bill Rasmussen, who co-founded ESPN in 1979 after being fired from a public relations job in the World Hockey ******* ociation, died Tuesday. He was 93.
ESPN historian Mike Soltys said Rasmussen died at his Florida home from the effects of Parkinson's disease. Rasmussen announced in 2019 that he had been diagnosed with the degenerative disease in 2014.
"Bill was a remarkable man — a visionary and an innovator who conceived the idea of a network entirely devoted to sports," ESPN chairman Jimmy Pitaro said in a statement. "Quite simply, none of us would be here today if it wasn't for Bill's passion and all the hard work and entrepreneurial spirit he put into building ESPN in the late 1970s — key aspects of our company culture that still carry on to this day."
Rasmussen and his son Scott came up with the idea of a network carrying sports around the clock, and it would revolutionize Americans' TV-watching habits. But the pair didn't stick around long. They were forced out after only a year by ESPN majority owner Getty Oil.
Bill Rasmussen's original idea was a cable channel covering only Connecticut sports. Many cable operators in the state were skeptical, but someone suggested buying satellite time to reach a national audience.

#bill #only

Interested in OneSpaWorld Holdings Limited? Here are five stocks we like better.
OneSpaWorld has posted 21 consecutive quarters of record revenue and adjusted earnings, with second-quarter revenue rising 9% to $261.2 million.
Analysts maintain an overall Buy rating on the stock, with an average price target of $30.60 implying about 15% upside from current levels.
The company's heavy reliance on revenue-sharing deals with cruise operators poses a key risk, and its shares trade at a premium valuation near 33 times earnings.
While major cruise lines are performing well these days with more passengers and revenue, OneSpaWorld Holdings (NASDAQ: OSW) is performing even better.

#interested

Hotel uniforms can become a hidden cost centre when operators focus on the initial purchase price rather than how garments perform in daily operations.
Poor fit, unsuitable fabrics and fragmented sourcing can lead to alterations, replacements, emergency orders, wasted stock and additional administration. These costs can become more significant as hotel groups expand across multiple properties.
Johnny Beig is founder and managing director of DIOZ Group, a global apparel and private-label manufacturing company. He argues that hotels should therefore treat uniform programmes as an operational and procurement issue rather than simply an apparel purchase.
"The biggest hidden cost is that a uniform is never just a garment," Beig said. "If it is poorly designed, poorly fitted, or not built around the realities of hotel operations, the cost shows up in many places at once."
Those costs can include staff discomfort, reordering, alterations, delays, waste and inconsistencies in how a hotel brand is presented, he added.

#hotel

Interested in Tecogen Inc.? Here are five stocks we like better.
Second-quarter results weakened: Revenue fell 21% to $5.8 million and net loss widened to $2.2 million, primarily due to a 64% decline in product sales. Gross margin nevertheless improved to 37.8% from 33.8%.
Data-center interest is growing: Tecogen conducted 12 demonstrations for operators representing more than 8 gigawatts of existing capacity, with management reporting positive feedback and preparing inventory of dual-power chillers and generation modules.
Backlog supports a potential third-quarter rebound: Base-business backlog exceeded $8 million, with another $2 million to $3 million of projects expected to close in coming months. Service revenue rose 10%, while cost reductions and expected product-sales growth could improve upcoming results.
Tecogen (OTCMKTS:TGEN) reported lower second-quarter revenue and a wider net loss as product sales declined from the prior-year period, while management highlighted increased engagement with large data-center operators and a growing base-business backlog.

#million #backlog #second

Baltimore has sued prediction market operators Kalshi and Polymarket, accusing both of running unlicensed sportsbooks in the city.
Mayor Brandon Scott and the City Council filed the complaints Thursday in Circuit Court for Baltimore City.
The city says both platforms let residents bet on game winners, point spreads, point totals, and player statistics. Those propositions match products sold by licensed sportsbooks, according to the complaints.
Both companies call them event contracts. However, Baltimore argues they function as sports bets and amount to unlawful gambling under Maryland law.
Furthermore, the lawsuit claims that the missing licenses free both firms from the tax bills, audits, and player-protection rules that licensed operators carry.

#point #player

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Management prioritized margin preservation and cash flow over aggressive revenue expansion, resulting in a 212 basis point EBITDA margin expansion despite a 12% revenue decline.
Performance was bolstered by 44% year-over-year growth in proprietary content revenue within North America, which management identifies as their most profitable product and most critical market.
Revenue headwinds were driven by the anticipated roll-off of legacy turnkey contracts in the Netherlands and a shift in Brazil where operators moved to direct supply integrations.
Regulatory changes in European jurisdictions, specifically Croatia, proved more impactful than anticipated due to new restrictions on customer acquisition and advertising.

#ebitda #performance

September WTI crude oil (CLU26) on Thursday closed down -2.02 (-2.43%), and September RBOB gasoline (RBU26) closed down -0.0257 (-0.81%).
Crude oil and gasoline prices fell on Thursday, with no overnight reports of new military attacks by the US or Iran in the Persian Gulf. Market concerns about the Middle East were also reduced slightly by news reports saying that the Trump administration is pivoting to using the naval blockade to apply economic pressure on Iran rather than new military attacks.
Plug Power Beat Estimates and Lifted Its 2026 Outlook. Here's What Comes Next for PLUG Stock.
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Nat-Gas Prices Close Higher on Warm Forecasts

#september #crude #prices #closed