21 hours ago
Although the evolution of artificial intelligence (AI) has been the hottest trend in decades on Wall Street, it's not the only catalyst lifting the broader market. Investor euphoria for high-profile stock splits has also played an important role.
A stock split allows a public company to alter its share price and outstanding share count by the same factor without affecting its market cap or underlying operating performance. Within a span of just eight days, two historic AI stock splits were announced by Meta Platforms (NASDAQ:META) and Sandisk (NASDAQ:SNDK), which are set to undertake their first-ever forward splits, respectively.
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 »
Image source: Getty Images.
Until recently, Mark Zuckerberg's Meta was the only member of the "Magnificent Seven" that hadn't split its stock. That changed with the company's Oct. 21 quarterly report, which unveiled the creation of a new class of stock.
#signal
A stock split allows a public company to alter its share price and outstanding share count by the same factor without affecting its market cap or underlying operating performance. Within a span of just eight days, two historic AI stock splits were announced by Meta Platforms (NASDAQ:META) and Sandisk (NASDAQ:SNDK), which are set to undertake their first-ever forward splits, respectively.
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 »
Image source: Getty Images.
Until recently, Mark Zuckerberg's Meta was the only member of the "Magnificent Seven" that hadn't split its stock. That changed with the company's Oct. 21 quarterly report, which unveiled the creation of a new class of stock.
#signal
1 day ago
James Barnor is no stranger to big moments.
When Ghana declared independence in 1957, he was there with his camera. In 1960s London, he challenged stereotypes of Black models and artists with photographs for Drum magazine. In 1970, he established Ghana's first colour-processing laboratory.
Now aged 97, he is receiving one of photography's top honours.
The World Photography Organisation has revealed that Barnor will receive the Outstanding Contribution to Photography award at the 2027 Sony World Photography Awards.
James Barnor, Untitled #2 , Two friends dressed for a church celebration, Accra, 1970s - James Barnor / Courtesy Galerie Clémentine de la Féronnière
#World #ghana #black #outstanding
When Ghana declared independence in 1957, he was there with his camera. In 1960s London, he challenged stereotypes of Black models and artists with photographs for Drum magazine. In 1970, he established Ghana's first colour-processing laboratory.
Now aged 97, he is receiving one of photography's top honours.
The World Photography Organisation has revealed that Barnor will receive the Outstanding Contribution to Photography award at the 2027 Sony World Photography Awards.
James Barnor, Untitled #2 , Two friends dressed for a church celebration, Accra, 1970s - James Barnor / Courtesy Galerie Clémentine de la Féronnière
#World #ghana #black #outstanding
2 days ago
Recent filings with the Securities and Exchange Commission show that Berkshire Hathaway purchased an additional $27 million in one of its top 20 holdings, SiriusXM (NASDAQ:SIRI).
The purchases were made between Oct. 30 and Nov. 3 for an average price of roughly $29 per share.
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 »
The satellite radio company Sirius now accounts for 1.1% of Berkshire's massive, roughly $368 billion equity portfolio, and Berkshire controls over 37% of Sirius's outstanding shares.
Berkshire has owned a significant stake in Sirius for quite a while, but when Liberty Media split off Sirius XM and two of its tracking stocks in 2024, Berkshire went in again, purchasing another $1.2 billion of Sirius stock in early 2024.
#roughly
The purchases were made between Oct. 30 and Nov. 3 for an average price of roughly $29 per share.
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 »
The satellite radio company Sirius now accounts for 1.1% of Berkshire's massive, roughly $368 billion equity portfolio, and Berkshire controls over 37% of Sirius's outstanding shares.
Berkshire has owned a significant stake in Sirius for quite a while, but when Liberty Media split off Sirius XM and two of its tracking stocks in 2024, Berkshire went in again, purchasing another $1.2 billion of Sirius stock in early 2024.
#roughly
7 days ago
Troy Aikman was a three-time Super Bowl-winning quarterback with the Dallas Cowboys, and his ties to the franchise have continued long since his retirement in April 2001.
Aikman has been a color commentator and has been paired with Joe Buck for the past 25 years, but there's reportedly friction between the two after Buck has signed a new six-year contract with ESPN to continue as play-by-play man of Monday Night Football, while Aikman hasn't received a formal offer in the last year of his contract. Per Tim Cowlishaw, Aikman said on Wednesday that there's just a "50-50" chance he will be a broadcaster next season.
If Aikman were to seek other opportunities, he may have one waiting for him with the Dallas Cowboys. Cowboys owner Jerry Jones appears to love the prospect of bringing Aikman back to the organization.
Earlier this week, Jones was asked if he'd consider adding Aikman to the Cowboys' front office, to which Jones said he "could and would."
"He is a successful guy because he is one of the hardest working, most focused people that I've ever been around. Now, when you're around each other, a part of that make up can make it where you can have your ups and downs. But I think the world of him," Jones said, per Cowboys team reporter Tommy Yarrish. "I've seen his image and had it in my eyes since I walked in the NFL. He's outstanding. The answer is not that necessarily we're going to do something more direct with the team at this time, but don't rule it out, it's very possible."
#cowboys #year #contract
Aikman has been a color commentator and has been paired with Joe Buck for the past 25 years, but there's reportedly friction between the two after Buck has signed a new six-year contract with ESPN to continue as play-by-play man of Monday Night Football, while Aikman hasn't received a formal offer in the last year of his contract. Per Tim Cowlishaw, Aikman said on Wednesday that there's just a "50-50" chance he will be a broadcaster next season.
If Aikman were to seek other opportunities, he may have one waiting for him with the Dallas Cowboys. Cowboys owner Jerry Jones appears to love the prospect of bringing Aikman back to the organization.
Earlier this week, Jones was asked if he'd consider adding Aikman to the Cowboys' front office, to which Jones said he "could and would."
"He is a successful guy because he is one of the hardest working, most focused people that I've ever been around. Now, when you're around each other, a part of that make up can make it where you can have your ups and downs. But I think the world of him," Jones said, per Cowboys team reporter Tommy Yarrish. "I've seen his image and had it in my eyes since I walked in the NFL. He's outstanding. The answer is not that necessarily we're going to do something more direct with the team at this time, but don't rule it out, it's very possible."
#cowboys #year #contract
18 days ago
The Banana Ball Championship League will bring its 2027 World Tour to five New York locations, including Yankee Stadium in the Bronx, where the Savannah Bananas will play two games.
The organization announced the schedule for its 2027 tour on Thursday, Oct. 15, during the Banana Ball City Selection Show. The tour will span 23 Major League Baseball stadiums, 10 football stadiums and 33 minor league baseball stadiums.
Although the Savannah Bananas will make just one stop in New York, other teams in the league will play in Cooperstown, Buffalo, Rochester and Brooklyn.
"Rochester has been clamoring for the opportunity to see the outstanding Banana Ball performers, and we have worked for some time to bring them to ESL Ballpark," Rochester Red Wings President, CEO and COO Naomi Silver said. "We are excited to make this happen and know it will be a huge hit for all."
Here's what to know about the 2027 tour's New York stops, which teams will play at each venue and how to enter the ticket lottery.
#rochester #tour #savannah #bananas
The organization announced the schedule for its 2027 tour on Thursday, Oct. 15, during the Banana Ball City Selection Show. The tour will span 23 Major League Baseball stadiums, 10 football stadiums and 33 minor league baseball stadiums.
Although the Savannah Bananas will make just one stop in New York, other teams in the league will play in Cooperstown, Buffalo, Rochester and Brooklyn.
"Rochester has been clamoring for the opportunity to see the outstanding Banana Ball performers, and we have worked for some time to bring them to ESL Ballpark," Rochester Red Wings President, CEO and COO Naomi Silver said. "We are excited to make this happen and know it will be a huge hit for all."
Here's what to know about the 2027 tour's New York stops, which teams will play at each venue and how to enter the ticket lottery.
#rochester #tour #savannah #bananas
18 days ago
FC Bayern welcome ****** nal to the Allianz Arena on Wednesday evening (21.00 CEST) for Matchday 3 of the Champions League. The Munich side faced the Gunners in the league phase last season too – and, after five consecutive matches against them without defeat (four wins), suffered a 3–1 defeat at the hands of Mikel Arteta's team in London. Now, FCB are out for revenge on their home turf, and as our ****** ysis of the facts shows, the prospects of that are pretty good.
Of the seven home games against the Gunners to date, the Munich men have lost just one and come away as winners on five occasions. The record champions have won all three of their most recent encounters in Munich – including two by a margin of at least four goals.
Overall, too, the head-to-head stats favour the Bavarians. In 15 Champions League meetings, FCB have won eight of them, three have ended in a draw and ****** nal have won four times. This means the London side have lost 53 per cent of their matches against FCB – of all the opponents the Gunners have faced five times or more in major European competition, they have a higher loss rate only against Barcelona (67 per cent – six defeats from nine matches).
The league phase of the Champions League and Munich's Allianz Arena – from FC Bayern's perspective, they're a perfect match: since a 3–2 defeat to Manchester City in December 2013, the German record champions have not lost a home fixture in the Champions League group stage/league phase. Of the 39 home games at that stage of the competition during this period, they've won 37 (with two draws) – most recently, they've even recorded nine consecutive home wins.
However, their opponents ****** nal have also been in outstanding form in the early stages of the competition recently and have won all of their last 14 Champions League group stage/league phase encounters. They last dropped points in November 2024, when they lost 1–0 away to Inter Milan.
#arsenal
Of the seven home games against the Gunners to date, the Munich men have lost just one and come away as winners on five occasions. The record champions have won all three of their most recent encounters in Munich – including two by a margin of at least four goals.
Overall, too, the head-to-head stats favour the Bavarians. In 15 Champions League meetings, FCB have won eight of them, three have ended in a draw and ****** nal have won four times. This means the London side have lost 53 per cent of their matches against FCB – of all the opponents the Gunners have faced five times or more in major European competition, they have a higher loss rate only against Barcelona (67 per cent – six defeats from nine matches).
The league phase of the Champions League and Munich's Allianz Arena – from FC Bayern's perspective, they're a perfect match: since a 3–2 defeat to Manchester City in December 2013, the German record champions have not lost a home fixture in the Champions League group stage/league phase. Of the 39 home games at that stage of the competition during this period, they've won 37 (with two draws) – most recently, they've even recorded nine consecutive home wins.
However, their opponents ****** nal have also been in outstanding form in the early stages of the competition recently and have won all of their last 14 Champions League group stage/league phase encounters. They last dropped points in November 2024, when they lost 1–0 away to Inter Milan.
#arsenal
18 days ago
Jose Mourinho may have found the answer to Real Madrid's midfield problems after Arda Guler delivered an outstanding performance in a deeper role.
The Portuguese manager started the Turkish international in defensive midfield against Sevilla, and Los Blancos produced their best performance of the season, securing a 4-1 victory.
According to Diario AS, Guler is now emerging as a genuine long-term option alongside Aurelien Tchouameni, with his influence in central midfield transforming Madrid's attacking play.
Mourinho made several tactical adjustments against Sevilla, deploying Guler alongside Tchouameni, moving Federico Valverde to right-back and placing Yan Diomande on the left in Vinicius Junior's absence.
However, Guler's presence in midfield proved particularly influential.
#midfield #alongside #jose
The Portuguese manager started the Turkish international in defensive midfield against Sevilla, and Los Blancos produced their best performance of the season, securing a 4-1 victory.
According to Diario AS, Guler is now emerging as a genuine long-term option alongside Aurelien Tchouameni, with his influence in central midfield transforming Madrid's attacking play.
Mourinho made several tactical adjustments against Sevilla, deploying Guler alongside Tchouameni, moving Federico Valverde to right-back and placing Yan Diomande on the left in Vinicius Junior's absence.
However, Guler's presence in midfield proved particularly influential.
#midfield #alongside #jose
18 days ago
It was everything the Houston Cougars envisioned when they joined the Big 12.
A ranked matchup, the program's first at TDECU Stadium since 2015. A sellout crowd of 42,544. And most importantly, a statement victory to catapult the Cougars further into the national conversation.
In front of the fourth-largest crowd in TDECU Stadium history, No. 20 Houston outlasted No. 18 Oklahoma State in an offensive shootout, earning its fourth consecutive victory and securing bowl eligibility with a 35-32 win.
"I really felt like we had a homefield advantage," Houston head coach Willie Fritz said. "They were loud and the student section I thought was outstanding. I appreciate everybody coming out and hopefully you saw what UH football is all about and also the experience here."
Houston never trailed after the first quarter, largely thanks to quarterback Conner Weigman. The rising Heisman candidate delivered arguably his finest performance in his five years of college football, bouncing back from an interception on the opening drive to throw for career-highs of 343 yards and five touchdowns. He completed 72.7 percent of attempts while consistently solving every puzzle the Oklahoma State defense threw at him.
#houston #stadium #victory #fourth
A ranked matchup, the program's first at TDECU Stadium since 2015. A sellout crowd of 42,544. And most importantly, a statement victory to catapult the Cougars further into the national conversation.
In front of the fourth-largest crowd in TDECU Stadium history, No. 20 Houston outlasted No. 18 Oklahoma State in an offensive shootout, earning its fourth consecutive victory and securing bowl eligibility with a 35-32 win.
"I really felt like we had a homefield advantage," Houston head coach Willie Fritz said. "They were loud and the student section I thought was outstanding. I appreciate everybody coming out and hopefully you saw what UH football is all about and also the experience here."
Houston never trailed after the first quarter, largely thanks to quarterback Conner Weigman. The rising Heisman candidate delivered arguably his finest performance in his five years of college football, bouncing back from an interception on the opening drive to throw for career-highs of 343 yards and five touchdowns. He completed 72.7 percent of attempts while consistently solving every puzzle the Oklahoma State defense threw at him.
#houston #stadium #victory #fourth
18 days ago
Celtic win the league at Love Street on 3 May 1986 after Celtic fan Albert Kidd scored two late goals for Dundee at Dens Park to deny Hearts the ****** le. Photo The Celtic Wiki
Geissler attended the Scottish Premiership match at Celtic Park as the top two teams from last season went head-to-head for the first time since that dramatic afternoon in May when Celtic ****** ed the ****** le from the Tynecastle club's grasp inside the final ten minutes of the 38 match campaign, which Hearts lead almost entirely from start to within ten minutes of the finishing line.
That result broke the Hearts support as we have all watched in recent days in that outstanding fly-on-the-wall documentary which included contributions from many Hearts supporters who were at Dens Park on 4 May 1986 when it was Albert Craig who broke their hearts.
Celtic win the league at Love Street on 3 May 1986 after Celtic fan Albert Kidd scored two late goals for Dundee at Dens Park to deny Hearts the ****** le. Photo The Celtic Wiki
Martin Geissler pulled no punches as he took aim at the Hearts travelling support for their disgraceful behaviour at Celtic Park. Taking to social media, the BBC News presenter and podcaster said:
#hearts #albert #kidd
Geissler attended the Scottish Premiership match at Celtic Park as the top two teams from last season went head-to-head for the first time since that dramatic afternoon in May when Celtic ****** ed the ****** le from the Tynecastle club's grasp inside the final ten minutes of the 38 match campaign, which Hearts lead almost entirely from start to within ten minutes of the finishing line.
That result broke the Hearts support as we have all watched in recent days in that outstanding fly-on-the-wall documentary which included contributions from many Hearts supporters who were at Dens Park on 4 May 1986 when it was Albert Craig who broke their hearts.
Celtic win the league at Love Street on 3 May 1986 after Celtic fan Albert Kidd scored two late goals for Dundee at Dens Park to deny Hearts the ****** le. Photo The Celtic Wiki
Martin Geissler pulled no punches as he took aim at the Hearts travelling support for their disgraceful behaviour at Celtic Park. Taking to social media, the BBC News presenter and podcaster said:
#hearts #albert #kidd
18 days ago
The Tampa Bay Rays are one win away from reaching the World Series after defeating the Cleveland Guardians 3-1 in Game 5 of the American League Championship Series on Sunday. Behind another outstanding postseason performance from starting pitcher Drew Rasmussen and timely hitting throughout the lineup, Tampa Bay took a 3-2 lead in the best of seven series.
The Rays entered the matchup looking to build on Saturday's 7-3 victory, which evened the series at two games apiece. They delivered another strong performance in Cleveland, putting themselves in position to clinch the American League pennant on their home field.
Rasmussen was the biggest difference-maker Sunday, holding Cleveland to one run on four hits across seven innings. He consistently kept the Guardians' hitters off balance, limiting scoring opportunities and giving Tampa Bay's offense time to build an advantage.
The outing continued Rasmussen's impressive postseason run. His performance helped the Rays control the game from the early innings and put pressure on Cleveland to find answers against Tampa Bay's pitching staff.
Rasmussen's ability to work deep into the game also protected the bullpen, allowing the Rays to turn the final two innings over to their relievers with a lead.
#innings
The Rays entered the matchup looking to build on Saturday's 7-3 victory, which evened the series at two games apiece. They delivered another strong performance in Cleveland, putting themselves in position to clinch the American League pennant on their home field.
Rasmussen was the biggest difference-maker Sunday, holding Cleveland to one run on four hits across seven innings. He consistently kept the Guardians' hitters off balance, limiting scoring opportunities and giving Tampa Bay's offense time to build an advantage.
The outing continued Rasmussen's impressive postseason run. His performance helped the Rays control the game from the early innings and put pressure on Cleveland to find answers against Tampa Bay's pitching staff.
Rasmussen's ability to work deep into the game also protected the bullpen, allowing the Rays to turn the final two innings over to their relievers with a lead.
#innings
18 days ago
DETROIT — The Detroit Pistons had an outstanding 2025-26 season, marking their best campaign in nearly 20 years. They won 60 regular-season games and advanced to the Eastern Conference semifinals for the first time since 2008.
The Pistons' success last season prompted a major roster overhaul to improve the team's mediocre offense with better floor ***** ing and 3-point shooting. This led to the departures of Tobias Harris, Caris LeVert, Marcus Sasser and Isaiah Stewart — four players who, in various ways, were crucial to the Pistons' impressive 60-win season.
With coach J.B. Bickerstaff returning for his third season, the Pistons are entering the 2026-27 campaign with lofty expectations. Here's a player-by-player breakdown of the roster.
Cade Cunningham
▶ Age: 25
#player
The Pistons' success last season prompted a major roster overhaul to improve the team's mediocre offense with better floor ***** ing and 3-point shooting. This led to the departures of Tobias Harris, Caris LeVert, Marcus Sasser and Isaiah Stewart — four players who, in various ways, were crucial to the Pistons' impressive 60-win season.
With coach J.B. Bickerstaff returning for his third season, the Pistons are entering the 2026-27 campaign with lofty expectations. Here's a player-by-player breakdown of the roster.
Cade Cunningham
▶ Age: 25
#player
18 days ago
Buffalo Bills quarterback Josh Allen completed 23 of 33 passes for 255 yards, two touchdowns and no interceptions in Week 6 against the Las Vegas Raiders, while adding five runs for one yard.
He tied former quarterback Jim Kelly for the most passing touchdowns in team history with 258, including the postseason.
SOURCE: Buffalo Bills PR
Why it Matters: Allen failed to score a rushing touchdown in Sunday's game, which is about the only thing that went wrong. Allen continues to provide fantasy managers with outstanding stat lines. He remains a strong QB1 across the board.
This article originally appeared on USA TODAY: Josh Allen throws for 255 yards, two TDs in Week 6
#buffalo #quarterback
He tied former quarterback Jim Kelly for the most passing touchdowns in team history with 258, including the postseason.
SOURCE: Buffalo Bills PR
Why it Matters: Allen failed to score a rushing touchdown in Sunday's game, which is about the only thing that went wrong. Allen continues to provide fantasy managers with outstanding stat lines. He remains a strong QB1 across the board.
This article originally appeared on USA TODAY: Josh Allen throws for 255 yards, two TDs in Week 6
#buffalo #quarterback
1 month ago
Exchanges liquidated $403.58 million in leveraged crypto longs within one hour as Bitcoin (BTC) slid to about $83,800. That equals about 0.27% of open interest, the total value of unsettled futures contracts.
Longs made up 97% of the $415.33 million total, so the flush hit one side of the market. However, it cleared only a small fraction of the leverage still outstanding.
The selling arrived in one burst. CoinGlass, a derivatives data tracker, logged 98% of the $412.99 million in four-hour long liquidations inside the final hour.
Over 24 hours, longs made up $487.02 million of $554.76 million in liquidations. That hour alone holds about 83% of the day's long total.
By comparison, the 10th-largest event on CoinGlass's all-time list reached $2.77 billion, about five times the 24-hour total.
#however
Longs made up 97% of the $415.33 million total, so the flush hit one side of the market. However, it cleared only a small fraction of the leverage still outstanding.
The selling arrived in one burst. CoinGlass, a derivatives data tracker, logged 98% of the $412.99 million in four-hour long liquidations inside the final hour.
Over 24 hours, longs made up $487.02 million of $554.76 million in liquidations. That hour alone holds about 83% of the day's long total.
By comparison, the 10th-largest event on CoinGlass's all-time list reached $2.77 billion, about five times the 24-hour total.
#however
1 month ago
If you grew up glued to your TV screen or scanning movie posters at your local cinema, these actresses probably defined your weekends and rewrote the rules for what it meant to be a star. From sitcom sweethearts and cult movie icons to queens of the rom-com and acclaimed drama, the women highlighted here dominated the spotlight and captured our imaginations. Their stories are still making headlines — and their presence continues to shape Hollywood, long after their breakout roles.
MEGA
As a mainstay of teen comedies such as American Pie and Scary Movie, Shannon Elizabeth left a mark with unforgettable performances that kept audiences laughing and rooting for her. Off-screen, she co-founded the Animal Avengers nonprofit in 2001 to rescue and rehabilitate animals, and later moved to South Africa to focus on wildlife conservation, as reported by Yahoo! Entertainment.
O'Connor/AFF-USA / MEGA
Jaime Pressly brought comedic chops and sharp wit to sitcoms and movies alike, earning awards and critical praise for her roles. Her portrayal of Joy Turner on NBC's My Name Is Earl earned her a Primetime Emmy Award for Outstanding Supporting Actress in a Comedy Series in 2007, along with nominations for a Golden Globe and a Screen Actors Guild Award, according to UPI.
#screen #movie
MEGA
As a mainstay of teen comedies such as American Pie and Scary Movie, Shannon Elizabeth left a mark with unforgettable performances that kept audiences laughing and rooting for her. Off-screen, she co-founded the Animal Avengers nonprofit in 2001 to rescue and rehabilitate animals, and later moved to South Africa to focus on wildlife conservation, as reported by Yahoo! Entertainment.
O'Connor/AFF-USA / MEGA
Jaime Pressly brought comedic chops and sharp wit to sitcoms and movies alike, earning awards and critical praise for her roles. Her portrayal of Joy Turner on NBC's My Name Is Earl earned her a Primetime Emmy Award for Outstanding Supporting Actress in a Comedy Series in 2007, along with nominations for a Golden Globe and a Screen Actors Guild Award, according to UPI.
#screen #movie
1 month ago
George Armstrong, a fitness influencer who is known for preaching against cheating, found himself accused of the very thing on Friday when his account was accused of doing just that.
The posts came from his wife, Bailey Scarlett, who accessed his account and released a series of slides that appeared to be Armstrong confessing to cheating on her with Indonesian prostitutes and Dubai escorts. The posts were taken down quickly after they were published, and Scarlett later apologized, explaining that the behavior described in the slides did not take place during their relationship.
Each slide was written from Armstrong's point of view and addressed his followers, who are used to seeing him share fitness tips. The first slide was rather harsh.
Published on his Instagram, it said: "I like to cheat on the mother of my child and wife bailey.scarlett with Indonesian Prostitutes. And I definitely don't practice what I preach on Instagram, I also w**k to p**n and frequently get escorts in Dubai. But I will act like it's the most weakest thing in the world on Instagram to other men and shame them for it! I have no respect for the mother of my child or my wife. I am no outstanding father anyone should look up to. I am nothing more than a cheat who has portrayed this image for Instagram but sadly that's all it is. An image:)"
The slide was a direct hit on Armstrong's carefully constructed image.
#Dubai #prostitutes
The posts came from his wife, Bailey Scarlett, who accessed his account and released a series of slides that appeared to be Armstrong confessing to cheating on her with Indonesian prostitutes and Dubai escorts. The posts were taken down quickly after they were published, and Scarlett later apologized, explaining that the behavior described in the slides did not take place during their relationship.
Each slide was written from Armstrong's point of view and addressed his followers, who are used to seeing him share fitness tips. The first slide was rather harsh.
Published on his Instagram, it said: "I like to cheat on the mother of my child and wife bailey.scarlett with Indonesian Prostitutes. And I definitely don't practice what I preach on Instagram, I also w**k to p**n and frequently get escorts in Dubai. But I will act like it's the most weakest thing in the world on Instagram to other men and shame them for it! I have no respect for the mother of my child or my wife. I am no outstanding father anyone should look up to. I am nothing more than a cheat who has portrayed this image for Instagram but sadly that's all it is. An image:)"
The slide was a direct hit on Armstrong's carefully constructed image.
#Dubai #prostitutes
1 month ago
Rick Ross is in hot water again after he was arrested in Miami over allegations involving his ex-girlfriend.
The latest arrest adds another legal chapter to Ross' history of run-ins with law enforcement. He has faced several arrests, including a 2011 marijuana possession arrest in Louisiana and a 2014 arrest in North Carolina over an outstanding warrant tied to a previous marijuana case.
Rick Ross, born William Leonard Roberts II, rose to fame with his 2006 hit "Hustlin'" and became one of hip-hop's biggest names. The Mississippi-born Rapper later founded Maybach Music Group and built a career as both a successful recording artist and music executive.
Xavier Collin/Image Press Agency / MEGA
Ross' latest legal trouble began with an accusation from someone who once shared a home with him. The rapper was taken into custody in Miami-Dade County on Thursday after his ex-girlfriend contacted police and alleged that an argument between them had turned violent.
#Legal #marijuana
The latest arrest adds another legal chapter to Ross' history of run-ins with law enforcement. He has faced several arrests, including a 2011 marijuana possession arrest in Louisiana and a 2014 arrest in North Carolina over an outstanding warrant tied to a previous marijuana case.
Rick Ross, born William Leonard Roberts II, rose to fame with his 2006 hit "Hustlin'" and became one of hip-hop's biggest names. The Mississippi-born Rapper later founded Maybach Music Group and built a career as both a successful recording artist and music executive.
Xavier Collin/Image Press Agency / MEGA
Ross' latest legal trouble began with an accusation from someone who once shared a home with him. The rapper was taken into custody in Miami-Dade County on Thursday after his ex-girlfriend contacted police and alleged that an argument between them had turned violent.
#Legal #marijuana
2 months ago
On September 3, 2026, lululemon athletica inc. (NASDAQ:LULU) reported second-quarter fiscal 2026 results for the period ended August 2, 2026. Net revenue fell 4% to $2.4 billion, missing the $2.46 billion ****** ysts expected, and comparable sales dropped 10% on a constant dollar basis. Management cut full-year revenue guidance to a decline of 5% to 7%, down from a prior forecast of flat to down 1%, and lowered full-year earnings per share guidance to $9.48 to $9.73 from its prior forecast of $10.95 to $11.15, compared with $13.26 earned in fiscal 2025. Shares fell about 18% in extended trading. Incoming CEO Heidi O'Neill was set to start the following week.
Photo by Ian Deng Quddu on Unsplash
Citi's cut to $117 from $130 came with a Neutral rating and the observation that the stock's risk-reward is "slightly more favorable" after the selloff, even though the firm called fiscal 2027 visibility "very unclear." The operational bright spots are real.
lululemon athletica inc. (NASDAQ:LULU) increased its chase volume, the supply chain capability that lets it reorder fast-moving styles quickly, by about 20% this year, and away-from-body styles including the Groove Wide-Leg, Align Foldover Jogger, Breezily, and an updated Dance Studio Pant are trending well as shoppers shift from tight-fitting leggings. The brand's community pull held up too.
The SeaWheeze Half Marathon and Festival returned in August for the first time since 2019, drawing nearly 10,000 runners from 24 countries and roughly 14,000 festival attendees, while more than 85,000 people from 120 countries joined the companion Strava challenge, strong enough that Lululemon already committed to bringing the event back next summer. Rest of World revenue, spanning EMEA and APAC, grew 5% on a reported basis, and the company ended the quarter with $1.4 billion in cash and no outstanding borrowings.
#revenue #billion #NASDAQ
Photo by Ian Deng Quddu on Unsplash
Citi's cut to $117 from $130 came with a Neutral rating and the observation that the stock's risk-reward is "slightly more favorable" after the selloff, even though the firm called fiscal 2027 visibility "very unclear." The operational bright spots are real.
lululemon athletica inc. (NASDAQ:LULU) increased its chase volume, the supply chain capability that lets it reorder fast-moving styles quickly, by about 20% this year, and away-from-body styles including the Groove Wide-Leg, Align Foldover Jogger, Breezily, and an updated Dance Studio Pant are trending well as shoppers shift from tight-fitting leggings. The brand's community pull held up too.
The SeaWheeze Half Marathon and Festival returned in August for the first time since 2019, drawing nearly 10,000 runners from 24 countries and roughly 14,000 festival attendees, while more than 85,000 people from 120 countries joined the companion Strava challenge, strong enough that Lululemon already committed to bringing the event back next summer. Rest of World revenue, spanning EMEA and APAC, grew 5% on a reported basis, and the company ended the quarter with $1.4 billion in cash and no outstanding borrowings.
#revenue #billion #NASDAQ
2 months ago
Forgent Power Solutions, Inc. (NYSE:FPS) reported fiscal fourth-quarter revenue of approximately $462 million on September 15, up 94% year over year. Bookings reached $1.503 billion, increasing 375%, while backlog stood at $3.0 billion as of June 30, 2026.
The reported 3.3 times book-to-bill ratio compares quarterly bookings with quarterly revenue. Bookings and backlog are operating measures of order activity and outstanding contractual work, respectively. Neither represents cash collected, and backlog does not guarantee the timing of future revenue.
Forgent Power Solutions, Inc. (NYSE:FPS) expects fiscal 2027 revenue of $2.4 billion to $2.6 billion, implying 76% growth at the midpoint. The question is whether factories, employees, and working capital can support that expansion while preserving cash generation.
Forgent Power Solutions, Inc. (NYSE:FPS) already has evidence of stronger production economics. Fourth-quarter operating income reached $91.9 million, compared with $8.3 million a year earlier. Operating cash flow was $74 million, exceeding the quarter's $31 million of capital expenditures.
Those results suggest that rising output is beginning to cover the costs of expansion. Management attributed stronger profitability partly to revenue growing faster than operating costs as new campuses approached target production levels.
#operating #power #solutions #NYSE
The reported 3.3 times book-to-bill ratio compares quarterly bookings with quarterly revenue. Bookings and backlog are operating measures of order activity and outstanding contractual work, respectively. Neither represents cash collected, and backlog does not guarantee the timing of future revenue.
Forgent Power Solutions, Inc. (NYSE:FPS) expects fiscal 2027 revenue of $2.4 billion to $2.6 billion, implying 76% growth at the midpoint. The question is whether factories, employees, and working capital can support that expansion while preserving cash generation.
Forgent Power Solutions, Inc. (NYSE:FPS) already has evidence of stronger production economics. Fourth-quarter operating income reached $91.9 million, compared with $8.3 million a year earlier. Operating cash flow was $74 million, exceeding the quarter's $31 million of capital expenditures.
Those results suggest that rising output is beginning to cover the costs of expansion. Management attributed stronger profitability partly to revenue growing faster than operating costs as new campuses approached target production levels.
#operating #power #solutions #NYSE
2 months ago
On Sept. 15, 2016, Shopify (NASDAQ:SHOP) stock closed at a split-adjusted $4.18 per share. As of this writing, shares trade around $130. That comes out to about 31 times the initial investment -- enough to make a $10,000 stake bought that day worth about $311,000 today.
And because Shopify does not pay a dividend, the share price did all the work.
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 »
For comparison, the S&P 500 (SNPINDEX:^GSPC) had an outstanding decade of its own. The same $10,000 in an index fund that tracks the benchmark, with dividends reinvested, would have become about $41,000 during that period.
Most investors would be delighted with that outcome. Shopify's was more than seven times better.
#sept
And because Shopify does not pay a dividend, the share price did all the work.
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 »
For comparison, the S&P 500 (SNPINDEX:^GSPC) had an outstanding decade of its own. The same $10,000 in an index fund that tracks the benchmark, with dividends reinvested, would have become about $41,000 during that period.
Most investors would be delighted with that outcome. Shopify's was more than seven times better.
#sept
2 months ago
AGNC Investment (NASDAQ: AGNC) completed its IPO in May 2008 at $20 per share. Today, shares of the mortgage REIT trade at around $10 per share, a staggering 50% below their IPO price.
However, the company's monthly dividends have more than offset the slump in its share price. AGNC has paid out over $50 per share in ****** ulative dividends since its IPO, more than double its IPO price. With dividends reinvested, it has significantly outperformed mortgage REITs and other financial stocks since its IPO.
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 »
AGNC Investment's founders formed it in the depths of the financial crisis, seeing an opportunity to create a leading Agency MBS (mortgage-backed securities guaranteed against credit losses by government agencies like Fannie Mae). It invests in Agency MBS on a leveraged basis, primarily through repurchase agreements, and uses dynamic risk management strategies to navigate market risks, including interest rate changes.
The company has had to maneuver around several market cycles, unexpected events, and market volatility over the years, which have weighed on its investment returns and earnings. AGNC Investment has still managed to significantly expand its Agency MBS portfolio (it reached $97.2 billion at the end of the second quarter), financed primarily by selling stock. As a result, its shares outstanding have risen a staggering 7,660% since its IPO. This combination of earnings volatility and dilution is why its share prices have fallen 50% since the IPO.
#since #agency #dividends
However, the company's monthly dividends have more than offset the slump in its share price. AGNC has paid out over $50 per share in ****** ulative dividends since its IPO, more than double its IPO price. With dividends reinvested, it has significantly outperformed mortgage REITs and other financial stocks since its IPO.
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 »
AGNC Investment's founders formed it in the depths of the financial crisis, seeing an opportunity to create a leading Agency MBS (mortgage-backed securities guaranteed against credit losses by government agencies like Fannie Mae). It invests in Agency MBS on a leveraged basis, primarily through repurchase agreements, and uses dynamic risk management strategies to navigate market risks, including interest rate changes.
The company has had to maneuver around several market cycles, unexpected events, and market volatility over the years, which have weighed on its investment returns and earnings. AGNC Investment has still managed to significantly expand its Agency MBS portfolio (it reached $97.2 billion at the end of the second quarter), financed primarily by selling stock. As a result, its shares outstanding have risen a staggering 7,660% since its IPO. This combination of earnings volatility and dilution is why its share prices have fallen 50% since the IPO.
#since #agency #dividends
2 months ago
Burford Capital Limited (NYSE:BUR) announced on September 14 that its indirect, wholly owned subsidiary, Burford Capital Global Finance LLC, priced $300 million of 8% senior secured notes due 2029. Closing is expected September 17, subject to customary conditions.
Net proceeds and existing cash are intended to redeem the subsidiary's 6.25% unsecured notes due in 2028. The transaction would move this maturity into 2029, with a coupon 175 basis points higher.
The September 14 offering announcement confirmed $400 million of outstanding 2028 notes, making the cash contribution central to the refinancing. Burford Capital Limited (NYSE:BUR) said it expected to issue a conditional notice targeting September 24, 2026, for redemption of all $400 million, subject to successful completion of the $300 million financing.
For Burford Capital Limited (NYSE:BUR), refinancing ahead of maturity creates more room for litigation investments to generate cash. Court proceedings, settlements, and collections follow uncertain schedules. Reducing dependence on a particular realization date could help management preserve investment value.
Redeeming the confirmed $400 million balance with $300 million of replacement notes would reduce gross principal by $100 million. Calculated annual coupons would fall from $25 million to $24 million, before fees and other financing costs.
#capital #september #NYSE
Net proceeds and existing cash are intended to redeem the subsidiary's 6.25% unsecured notes due in 2028. The transaction would move this maturity into 2029, with a coupon 175 basis points higher.
The September 14 offering announcement confirmed $400 million of outstanding 2028 notes, making the cash contribution central to the refinancing. Burford Capital Limited (NYSE:BUR) said it expected to issue a conditional notice targeting September 24, 2026, for redemption of all $400 million, subject to successful completion of the $300 million financing.
For Burford Capital Limited (NYSE:BUR), refinancing ahead of maturity creates more room for litigation investments to generate cash. Court proceedings, settlements, and collections follow uncertain schedules. Reducing dependence on a particular realization date could help management preserve investment value.
Redeeming the confirmed $400 million balance with $300 million of replacement notes would reduce gross principal by $100 million. Calculated annual coupons would fall from $25 million to $24 million, before fees and other financing costs.
#capital #september #NYSE
2 months ago
Logistic Properties of the Americas (NYSEAMERICAN:LPA) moved closer to selling Parque Logístico Lima Sur after Peru's antitrust authority, INDECOPI, approved the transaction on September 11. FIBRA Prime would acquire the entire 1.3-million-square-foot logistics park for $145 million. Customary administrative closing matters remain outstanding.
Management expects approximately $85 million of net proceeds after debt repayment and before taxes, with Mexico the intended destination. Approval advances the financing of that expansion, while the investment case rests on replacing an established income stream.
Lima Sur generated $10.3 million of cash net operating income, or cash NOI, during the 12 months ended March 31, 2026. Cash NOI is a company-defined non-IFRS measure of property income after operating expenses, adjusted to remove straight-line rental accounting. It excludes corporate overhead, financing costs, income taxes, and other non-property items.
Logistic Properties of the Americas (NYSEAMERICAN:LPA) has demonstrated an ability to develop, lease and operate logistics ***** ets. Second-quarter revenue increased 26.1% to $14.7 million, while stabilized portfolio occupancy reached 100% as of June 30.
Mexico already contributes revenue. Two properties acquired in Puebla in August 2025 generated approximately $0.5 million during the second quarter. That provides an operating foothold for deploying proceeds.
#cash #logistic #nyseamerican #Mexico
Management expects approximately $85 million of net proceeds after debt repayment and before taxes, with Mexico the intended destination. Approval advances the financing of that expansion, while the investment case rests on replacing an established income stream.
Lima Sur generated $10.3 million of cash net operating income, or cash NOI, during the 12 months ended March 31, 2026. Cash NOI is a company-defined non-IFRS measure of property income after operating expenses, adjusted to remove straight-line rental accounting. It excludes corporate overhead, financing costs, income taxes, and other non-property items.
Logistic Properties of the Americas (NYSEAMERICAN:LPA) has demonstrated an ability to develop, lease and operate logistics ***** ets. Second-quarter revenue increased 26.1% to $14.7 million, while stabilized portfolio occupancy reached 100% as of June 30.
Mexico already contributes revenue. Two properties acquired in Puebla in August 2025 generated approximately $0.5 million during the second quarter. That provides an operating foothold for deploying proceeds.
#cash #logistic #nyseamerican #Mexico
2 months ago
MercadoLibre, Inc. (NASDAQ:MELI) priced $1 billion of senior unsecured notes on September 9, 2026, with settlement scheduled for September 14 and maturity on September 14, 2036. As of September 10, the transaction had not settled.
The notes carry a 5.85% coupon, with proceeds intended for general corporate purposes. Once settled, they would require $58.5 million in annual coupon payments on the full principal outstanding, alongside repayment of $1 billion at maturity.
Management retains discretion over deployment. Logistics, payments, credit and commerce represent potential uses within the business, rather than disclosed allocations of this particular offering.
Ten-year funding can better match investments whose benefits emerge over several years. Logistics facilities need time to attract shipment volume, while financial-services products require investment in technology, customer acquisition and risk management before reaching scale.
For MercadoLibre, Inc. (NASDAQ:MELI), that longer horizon could reduce dependence on repeated short-term refinancing. A fixed coupon also makes contractual dollar interest payments more predictable if market borrowing rates rise.
#payments
The notes carry a 5.85% coupon, with proceeds intended for general corporate purposes. Once settled, they would require $58.5 million in annual coupon payments on the full principal outstanding, alongside repayment of $1 billion at maturity.
Management retains discretion over deployment. Logistics, payments, credit and commerce represent potential uses within the business, rather than disclosed allocations of this particular offering.
Ten-year funding can better match investments whose benefits emerge over several years. Logistics facilities need time to attract shipment volume, while financial-services products require investment in technology, customer acquisition and risk management before reaching scale.
For MercadoLibre, Inc. (NASDAQ:MELI), that longer horizon could reduce dependence on repeated short-term refinancing. A fixed coupon also makes contractual dollar interest payments more predictable if market borrowing rates rise.
#payments
2 months ago
On September 15, CareTrust REIT (NYSE:CTRE) announced it had closed on a $400 million skilled nursing portfolio in the Southwest, effective September 1, and unveiled a reloaded $600 million investment pipeline behind it. The deal covers 2,622 licensed beds triple net leased back to the existing operator, sourced off-market and structured through a joint venture that put roughly $380 million of CareTrust's own capital to work. It is the latest entry in a buying spree that has now pushed the company's 2026 investment total past $1.9 billion.
The new portfolio is expected to generate a stabilized yield of about 8.6%, in line with the 8.7% blended yield CareTrust has posted across two dozen deals closed so far in 2026. That consistency matters more than any single transaction. The company has now closed roughly $710 million in investments in the third quarter alone, including a small UK care home purchase in mid-August, on top of the $899.6 million it closed in the second quarter at an 8.9% yield.
Management says the $600 million pipeline of near-term, actionable deals, about half of it aimed at the senior housing operating portfolio, does not even include a set of larger transactions still being pursued, so the deal flow may not be finished. The balance sheet backs up that ambition. CareTrust ended the second quarter, on June 30, 2026, with net debt to annualized normalized EBITDA of just 1.01x, and as of the September announcement it still had $725 million available under its revolver plus $612 million of remaining ATM capacity. That combination let the company raise its full year 2026 guidance on August 6 to normalized FFO of $2.03 to $2.06 per share, an increase of 16.2% at the midpoint over 2025, even before this latest acquisition was on the books.
This growth has come with a real cost to existing shareholders. Diluted weighted average shares outstanding rose from about 192.9 million in the second quarter of 2025 to 234.2 million a year later, as CareTrust leaned on forward equity offerings and its ATM program to fund the buying spree. The company still had $439 million of expected net proceeds sitting in unsettled forward equity contracts as of September 15, meaning more shares are still coming.
The second quarter also carried a $4.7 million provision for loan losses, a line that did not appear in the prior year period and is worth watching as the loan and financing receivable book grows alongside the property portfolio. Interest expense rose to $15.3 million in the quarter from $13.0 million a year earlier, and 2026 guidance leans on rent escalators of just 2.5% a year, a modest built-in growth rate once the acquisition pace eventually slows. The company's own risk disclosures flag reliance on tenants to keep meeting their lease obligations, along with exposure to healthcare reform, staffing requirements, and currency swings tied to its UK operations.
#still
The new portfolio is expected to generate a stabilized yield of about 8.6%, in line with the 8.7% blended yield CareTrust has posted across two dozen deals closed so far in 2026. That consistency matters more than any single transaction. The company has now closed roughly $710 million in investments in the third quarter alone, including a small UK care home purchase in mid-August, on top of the $899.6 million it closed in the second quarter at an 8.9% yield.
Management says the $600 million pipeline of near-term, actionable deals, about half of it aimed at the senior housing operating portfolio, does not even include a set of larger transactions still being pursued, so the deal flow may not be finished. The balance sheet backs up that ambition. CareTrust ended the second quarter, on June 30, 2026, with net debt to annualized normalized EBITDA of just 1.01x, and as of the September announcement it still had $725 million available under its revolver plus $612 million of remaining ATM capacity. That combination let the company raise its full year 2026 guidance on August 6 to normalized FFO of $2.03 to $2.06 per share, an increase of 16.2% at the midpoint over 2025, even before this latest acquisition was on the books.
This growth has come with a real cost to existing shareholders. Diluted weighted average shares outstanding rose from about 192.9 million in the second quarter of 2025 to 234.2 million a year later, as CareTrust leaned on forward equity offerings and its ATM program to fund the buying spree. The company still had $439 million of expected net proceeds sitting in unsettled forward equity contracts as of September 15, meaning more shares are still coming.
The second quarter also carried a $4.7 million provision for loan losses, a line that did not appear in the prior year period and is worth watching as the loan and financing receivable book grows alongside the property portfolio. Interest expense rose to $15.3 million in the quarter from $13.0 million a year earlier, and 2026 guidance leans on rent escalators of just 2.5% a year, a modest built-in growth rate once the acquisition pace eventually slows. The company's own risk disclosures flag reliance on tenants to keep meeting their lease obligations, along with exposure to healthcare reform, staffing requirements, and currency swings tied to its UK operations.
#still
2 months ago
Welltower and Ventas posted SHOP NOI growth of 20.5% and 16.3%, respectively, as senior occupancy rates climb and new supply starts remain at record lows.
Roughly 2 million people turn 80 in 2026, and Ventas CEO Debra Cafaro says the senior population growth rate will more than double over the next decade.
OHI's 5.68% yield carries real tenant risk: Genesis Healthcare is in Chapter 11 with $148 million in loans outstanding and the CEO is retiring.
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Senior housing and skilled nursing REITs are riding a demographic tide that shows up in the operating data. Roughly two million people will turn 80 in 2026 alone, and Ventas Chair and CEO Debra A. Cafaro told investors that "the leading edge of the nearly 70 million baby boomers has just begun turning 80 this year, ushering in a decade where the growth rate of the senior population more than doubles, yet new starts remain at record lows." Four US-listed equity REITs sit squarely in that trade. Dividend safety leads the **** ysis, so every payout is measured against FFO or AFFO, not GAAP earnings.
#ventas #welltower
Roughly 2 million people turn 80 in 2026, and Ventas CEO Debra Cafaro says the senior population growth rate will more than double over the next decade.
OHI's 5.68% yield carries real tenant risk: Genesis Healthcare is in Chapter 11 with $148 million in loans outstanding and the CEO is retiring.
Just released. Our **** ysts combed the entire stock market and named the ten best stocks to buy right now, and Welltower didn't make the cut. Enter your email to see the names that beat WELL. The report is free. Enter your email and see if any of your stocks made the cut.
Senior housing and skilled nursing REITs are riding a demographic tide that shows up in the operating data. Roughly two million people will turn 80 in 2026 alone, and Ventas Chair and CEO Debra A. Cafaro told investors that "the leading edge of the nearly 70 million baby boomers has just begun turning 80 this year, ushering in a decade where the growth rate of the senior population more than doubles, yet new starts remain at record lows." Four US-listed equity REITs sit squarely in that trade. Dividend safety leads the **** ysis, so every payout is measured against FFO or AFFO, not GAAP earnings.
#ventas #welltower
2 months ago
Forward Industries (NASDAQ: $FWDI) has raised its takeover offer for SkyAI (NASDAQ: $SKYA), proposing a deal that would value the Solana (CRYPTO: $SOL) treasury company at a 50% premium to its latest closing price.
Forward said Tuesday that it had delivered an updated non-binding proposal to acquire all outstanding SkyAI common stock. Under the new terms, SkyAI shareholders would receive the value of 0.306 shares of Forward Industries for each SkyAI share, with investors able to choose cash, Forward shares, or a combination of both.
Based on Forward's $6.95 closing price on Monday, the proposal values each SkyAI share at about $2.13, compared with SkyAI's $1.42 close. Forward has asked SkyAI's board to respond by September 25. The proposal remains subject to regulatory approvals and a shareholder vote.
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#skyai #proposal #price
Forward said Tuesday that it had delivered an updated non-binding proposal to acquire all outstanding SkyAI common stock. Under the new terms, SkyAI shareholders would receive the value of 0.306 shares of Forward Industries for each SkyAI share, with investors able to choose cash, Forward shares, or a combination of both.
Based on Forward's $6.95 closing price on Monday, the proposal values each SkyAI share at about $2.13, compared with SkyAI's $1.42 close. Forward has asked SkyAI's board to respond by September 25. The proposal remains subject to regulatory approvals and a shareholder vote.
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#skyai #proposal #price
2 months ago
The White House said Tuesday that banning yield on stablecoins would do little to increase bank lending, pushing back against estimates that stablecoin rewards could result in large amounts of deposits leaving the traditional banking system.
In an update to an April ****** ysis by the Council of Economic Advisers (CEA), the White House said eliminating stablecoin yield would increase bank lending by about $2.1 billion under its baseline ****** umptions. That represents just 0.02% of outstanding bank loans.
Community banks would account for roughly $500 million of the additional lending, or about 0.03% of their loan books, according to the ****** ysis.
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#yield #increase #tuesday
In an update to an April ****** ysis by the Council of Economic Advisers (CEA), the White House said eliminating stablecoin yield would increase bank lending by about $2.1 billion under its baseline ****** umptions. That represents just 0.02% of outstanding bank loans.
Community banks would account for roughly $500 million of the additional lending, or about 0.03% of their loan books, according to the ****** ysis.
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MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#yield #increase #tuesday
2 months ago
Citigroup Inc. (NYSE:C)'s CFO Gonzalo Luchetti said the bank expects return on tangible common equity (RoTCE) to come in slightly above 11% in 2026, while also indicating that Citi will increase stock buybacks from the $13 billion repurchased in 2025. The bank plans to accelerate roughly $500 million of investment by year-end, including spending on severance and marketing intended to expand its credit-card and wealth-management businesses. Citi also expects to remove Banamex from its balance sheet in 2027, which will create an estimated $9 billion currency-translation adjustment loss.
The 11%+ target is meaningful because Citi's profitability has already improved materially. In the second quarter, Citi generated $24.8 billion of revenue, up 14% year over year, while net income rose 45% to $5.8 billion. Investment-banking revenue increased 44% to $1.55 billion, and net interest income increased 13%. Citi's SEC filing shows second-quarter RoTCE of 13.0%, versus 8.7% a year earlier, while the first half of 2026 produced a 13.1% RoTCE. The new guidance therefore suggests management believes profitability can remain above the longer-term 11%-13% RoTCE range Citi established for 2027-28, despite additional investment spending.
Kiev.Victor / Shutterstock.com
The bullish argument is that Citigroup Inc. (NYSE:C) appears to be converting its multiyear restructuring into higher returns while simultaneously returning more capital to shareholders. The move from 8.7% RoTCE in the second quarter of 2025 to 13.0% in the second quarter of 2026 represents a substantial improvement in capital efficiency. Citi's efficiency ratio also improved to 57.4% from 62.7%, indicating that revenue growth is increasingly translating into operating leverage rather than being absorbed by expenses. That is particularly relevant because management now intends to spend another roughly $500 million on severance, marketing, and growth initiatives; if these investments produce the intended expansion in cards and wealth management, they could support revenue growth without derailing the profitability trajectory.
Capital returns provide another positive lever. Citi repurchased $13 billion of stock in 2025 and now expects to increase that amount, while its June 2026 CET1 ratio remained 12.78%, comfortably above its 11.6% standardized regulatory requirement. Buybacks can reduce tangible common equity and shares outstanding, potentially supporting both RoTCE and per-share earnings when executed below intrinsic value. Citi's tangible book value per share had already risen 7% year over year to $100.89 by June 30, 2026. The combination of higher operating profitability, shrinking share count, and improving capital efficiency strengthens the case for a valuation re-rating if Citi can sustain returns above 11%.
#rotce #citi #management
The 11%+ target is meaningful because Citi's profitability has already improved materially. In the second quarter, Citi generated $24.8 billion of revenue, up 14% year over year, while net income rose 45% to $5.8 billion. Investment-banking revenue increased 44% to $1.55 billion, and net interest income increased 13%. Citi's SEC filing shows second-quarter RoTCE of 13.0%, versus 8.7% a year earlier, while the first half of 2026 produced a 13.1% RoTCE. The new guidance therefore suggests management believes profitability can remain above the longer-term 11%-13% RoTCE range Citi established for 2027-28, despite additional investment spending.
Kiev.Victor / Shutterstock.com
The bullish argument is that Citigroup Inc. (NYSE:C) appears to be converting its multiyear restructuring into higher returns while simultaneously returning more capital to shareholders. The move from 8.7% RoTCE in the second quarter of 2025 to 13.0% in the second quarter of 2026 represents a substantial improvement in capital efficiency. Citi's efficiency ratio also improved to 57.4% from 62.7%, indicating that revenue growth is increasingly translating into operating leverage rather than being absorbed by expenses. That is particularly relevant because management now intends to spend another roughly $500 million on severance, marketing, and growth initiatives; if these investments produce the intended expansion in cards and wealth management, they could support revenue growth without derailing the profitability trajectory.
Capital returns provide another positive lever. Citi repurchased $13 billion of stock in 2025 and now expects to increase that amount, while its June 2026 CET1 ratio remained 12.78%, comfortably above its 11.6% standardized regulatory requirement. Buybacks can reduce tangible common equity and shares outstanding, potentially supporting both RoTCE and per-share earnings when executed below intrinsic value. Citi's tangible book value per share had already risen 7% year over year to $100.89 by June 30, 2026. The combination of higher operating profitability, shrinking share count, and improving capital efficiency strengthens the case for a valuation re-rating if Citi can sustain returns above 11%.
#rotce #citi #management
2 months ago
Citigroup Inc. (NYSE:C)'s CFO Gonzalo Luchetti said the bank expects return on tangible common equity (RoTCE) to come in slightly above 11% in 2026, while also indicating that Citi will increase stock buybacks from the $13 billion repurchased in 2025. The bank plans to accelerate roughly $500 million of investment by year-end, including spending on severance and marketing intended to expand its credit-card and wealth-management businesses. Citi also expects to remove Banamex from its balance sheet in 2027, which will create an estimated $9 billion currency-translation adjustment loss.
The 11%+ target is meaningful because Citi's profitability has already improved materially. In the second quarter, Citi generated $24.8 billion of revenue, up 14% year over year, while net income rose 45% to $5.8 billion. Investment-banking revenue increased 44% to $1.55 billion, and net interest income increased 13%. Citi's SEC filing shows second-quarter RoTCE of 13.0%, versus 8.7% a year earlier, while the first half of 2026 produced a 13.1% RoTCE. The new guidance therefore suggests management believes profitability can remain above the longer-term 11%-13% RoTCE range Citi established for 2027-28, despite additional investment spending.
Kiev.Victor / Shutterstock.com
The bullish argument is that Citigroup Inc. (NYSE:C) appears to be converting its multiyear restructuring into higher returns while simultaneously returning more capital to shareholders. The move from 8.7% RoTCE in the second quarter of 2025 to 13.0% in the second quarter of 2026 represents a substantial improvement in capital efficiency. Citi's efficiency ratio also improved to 57.4% from 62.7%, indicating that revenue growth is increasingly translating into operating leverage rather than being absorbed by expenses. That is particularly relevant because management now intends to spend another roughly $500 million on severance, marketing, and growth initiatives; if these investments produce the intended expansion in cards and wealth management, they could support revenue growth without derailing the profitability trajectory.
Capital returns provide another positive lever. Citi repurchased $13 billion of stock in 2025 and now expects to increase that amount, while its June 2026 CET1 ratio remained 12.78%, comfortably above its 11.6% standardized regulatory requirement. Buybacks can reduce tangible common equity and shares outstanding, potentially supporting both RoTCE and per-share earnings when executed below intrinsic value. Citi's tangible book value per share had already risen 7% year over year to $100.89 by June 30, 2026. The combination of higher operating profitability, shrinking share count, and improving capital efficiency strengthens the case for a valuation re-rating if Citi can sustain returns above 11%.
#year #management
The 11%+ target is meaningful because Citi's profitability has already improved materially. In the second quarter, Citi generated $24.8 billion of revenue, up 14% year over year, while net income rose 45% to $5.8 billion. Investment-banking revenue increased 44% to $1.55 billion, and net interest income increased 13%. Citi's SEC filing shows second-quarter RoTCE of 13.0%, versus 8.7% a year earlier, while the first half of 2026 produced a 13.1% RoTCE. The new guidance therefore suggests management believes profitability can remain above the longer-term 11%-13% RoTCE range Citi established for 2027-28, despite additional investment spending.
Kiev.Victor / Shutterstock.com
The bullish argument is that Citigroup Inc. (NYSE:C) appears to be converting its multiyear restructuring into higher returns while simultaneously returning more capital to shareholders. The move from 8.7% RoTCE in the second quarter of 2025 to 13.0% in the second quarter of 2026 represents a substantial improvement in capital efficiency. Citi's efficiency ratio also improved to 57.4% from 62.7%, indicating that revenue growth is increasingly translating into operating leverage rather than being absorbed by expenses. That is particularly relevant because management now intends to spend another roughly $500 million on severance, marketing, and growth initiatives; if these investments produce the intended expansion in cards and wealth management, they could support revenue growth without derailing the profitability trajectory.
Capital returns provide another positive lever. Citi repurchased $13 billion of stock in 2025 and now expects to increase that amount, while its June 2026 CET1 ratio remained 12.78%, comfortably above its 11.6% standardized regulatory requirement. Buybacks can reduce tangible common equity and shares outstanding, potentially supporting both RoTCE and per-share earnings when executed below intrinsic value. Citi's tangible book value per share had already risen 7% year over year to $100.89 by June 30, 2026. The combination of higher operating profitability, shrinking share count, and improving capital efficiency strengthens the case for a valuation re-rating if Citi can sustain returns above 11%.
#year #management
2 months ago
Curaleaf Holdings (USOTC:CURLF) has sent a letter to Aurora Cannabis (NASDAQ:ACB) shareholders urging them to tender their shares to its outstanding acquisition offer after Aurora's board declined to engage with the proposal.
Under the offer, Aurora shareholders would receive 0.3463 Curaleaf shares and $0.75 in cash for each Aurora share.
Curaleaf said the terms implied a value of $4.00 per Aurora share based on the unaffected date, representing a 45% premium to Aurora's 30-day volume-weighted average price as of August 10, 2026. Aurora shares traded at $2.76 before the offer was announced.
Curaleaf Chairman and Chief Executive Boris Jordan said in the letter, "Aurora has refused. And so, we are putting the decision where it belongs: in your hands."
Curaleaf said the proposed combination would create a company operating across 17 countries.
#curlf
Under the offer, Aurora shareholders would receive 0.3463 Curaleaf shares and $0.75 in cash for each Aurora share.
Curaleaf said the terms implied a value of $4.00 per Aurora share based on the unaffected date, representing a 45% premium to Aurora's 30-day volume-weighted average price as of August 10, 2026. Aurora shares traded at $2.76 before the offer was announced.
Curaleaf Chairman and Chief Executive Boris Jordan said in the letter, "Aurora has refused. And so, we are putting the decision where it belongs: in your hands."
Curaleaf said the proposed combination would create a company operating across 17 countries.
#curlf
