On September 10, Adobe (NASDAQ:ADBE) posted record third-quarter revenue of $6.76 billion, up 13% year over year, and raised its full-year revenue and profit targets. Non-GAAP EPS climbed 15% to $6.13, while GAAP EPS rose 11% to $4.62. Buried inside those headline numbers was a sharper story: AI-first ending ARR topped $650 million, growing more than 150% year over year. The same call brought a leadership change, with Anil S. Chakravarthy set to take over as CEO from Shantanu Narayen on December 1. Investors got a lot to digest in one afternoon.
Adobe's AI tools are no longer just a demo. Firefly ending ARR, which spans the Firefly app and its credit packs, grew 40% quarter over quarter, and the Acrobat AI ******* istant doubled its monthly active users over the same three months. Total monthly active users across Adobe's businesses surpassed 1 billion in the quarter, up more than 20% year over year, and creative premium MAU crossed 100 million, up more than 70%. Business professionals and consumers MAU passed 900 million, up more than 25%. That kind of user growth, concentrated in free and freemium tiers, is what feeds the paid AI upgrades now showing up in ARR.
The company backed that growth with cash. Operating cash flow hit a third-quarter record of $2.52 billion, and Adobe bought back roughly 9.5 million shares during the quarter, leaving $24.55 billion still authorized for repurchases. Management raised its full-year revenue target to a range of $26.58 billion to $26.63 billion and its non-GAAP EPS target to $24.45 to $24.50. On the product side, Adobe struck a deal to acquire Topaz Labs, whose AI enhancement models for image and video work would slot directly into Firefly and Creative Cloud. Enterprise demand held up too, with ending ARR growing more than 20% year over year at each of Adobe Experience Manager, Adobe Gen Studio, and Adobe Experience Platform.
Not every metric moved as fast. Remaining performance obligations, the backlog of contracted but unrecognized revenue, grew 8% year over year to $22.16 billion, trailing both the 13% revenue growth and the 11.2% growth in total ending ARR. Current RPO grew 9%, also behind the topline. Interim CFO Steven Day flagged a separate issue heading into the fourth quarter: a foreign-exchange headwind that partly offset the benefit of the third-quarter beat when management updated its full-year guidance.
AI-first ARR, for all its 150% growth rate, is still just over $650 million against a total ARR base of $27.50 billion, so it remains a small slice of the business even as it scales. The transition arrives at a pivotal moment too, with Chakravarthy set to take the CEO seat on Dec. 1 just as the company leans harder into an unproven agentic-software strategy, and the Topaz Labs deal still needs to clear regulatory approval before it adds anything to the numbers.

#adobe #billion #million

Ashley St. Clair, former girlfriend of billionaire Elon Musk and mother to one of his children, told Don Lemon she personally witnessed the billionaire using ketamine recreationally and taking psychedelic mushrooms as she opened up about his alleged drug use.
St. Clair, who shares son Romulus with the Tesla and ***** eX chief, made the claims during an interview with Lemon after the podcast host recalled questioning Musk about his acknowledged use of prescription ketamine.
Musk has previously said he was prescribed ketamine for depression, but St. Clair claimed the drug use she witnessed went beyond therapeutic treatment.
"I have family members who have had great success from ketamine or ayahuasca treatments with professionals. The way I saw him –" she said. "Yeah. There's there but that's not the way he was using it. At least from my observation."
Pressed on what she meant, St. Clair replied: "I saw him use it recreationally."

#musk #lemon #recreationally #drug

Horizon Technology Finance Corp., an affiliate of Monroe Capital, on September 10 said that the RoHo Capital Opportunity Fund LLC, a joint venture formed by Horizon and CR Financial Holdings, Inc., the holding company for Roth Capital Partners, LLC, has provided a $20-million senior credit facility to NeoVolta, Inc., with the ability to increase the facility to $30 million upon mutual agreement. An initial $20 million was funded at closing to support NeoVolta's continued growth.NeoVolta is an energy technology company focused on developing and manufacturing domestic battery energy storage systems (BESS). Together with its joint venture partner LONGi, NeoVolta is developing a 210,600-square-foot manufacturing facility in Pendergrass, Georgia, to produce BESS systems designed to meet U.S. domestic content and supply-chain requirements. The facility is expected to have an initial annual production capacity of up to 2 GWh, with the potential to scale to 8 GWh over time."Providing growth capital to innovative companies operating in attractive, high-growth markets is a core focus of RoHo's investment strategy," said Paul Seitz, chief investment officer of Horizon. "Formed by Horizon and Roth Capital, RoHo pairs Horizon's venture lending and structuring expertise with Roth's deep public markets relationships to deliver flexible growth capital to small- and micro-cap public companies. We are pleased to support NeoVolta's growth plans with a tailored financing solution and look forward to continuing to deploy capital through RoHo in support of innovative public companies pursuing significant market opportunities.""Horizon and Roth Capital bring valuable experience and a collaborative approach as we advance NeoVolta's domestic battery energy storage systems manufacturing platform," said Ardes Johnson, CEO of NeoVolta. "As we ramp our Georgia facility and pursue larger commercial and utility-scale opportunities, this relationship supports our ability to execute on our long-term growth strategy."Horizon Technology Finance Corp. is a specialty finance company that provides capital in the form of secured loans to venture capital and private equity-backed companies and publicly traded companies in the technology, life science, healthcare information and services, and sustainability industries. The investment objective of Horizon is to maximize its investment portfolio's return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. Horizon is headquartered in Farmington, Connecticut, with a regional office in Pleasanton, California, and investment professionals located throughout the U.S.Monroe Capital is a premier ****** et management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, opportunistic, structured credit, real estate and equity.CR Financial Holdings, Inc., is a private hol

Vivian Wilson's newest co-star is a humanoid robot, and she spends much of their time together finding increasingly strange jobs for it to do.
The 22-year-old model fronts Desigual's Fall 2026 "Born to Disobey" campaign alongside DESI84, a robotic **** istant that struggles once Wilson pushes it beyond its programming. She walks it on a leash, uses it as a golf tee and repeatedly tries to teach it how to **** ounce Desigual before ending the film with the line, "Some things aren't meant to be fixed."
Wilson's criticism of artificial intelligence goes beyond the joke. She told PEOPLE that AI is taking work from creative professionals while creating environmental costs, and she argued that AI generated art lacks the human emotion and intention behind creative work.
Her casting has also prompted comparisons with her estranged father, Elon Musk, whose companies include artificial intelligence venture xAI and Tesla, which is developing the Optimus humanoid robot. TMZ interpreted the campaign as a shot at Musk, but Wilson and Desigual have not said DESI84 represents him or Optimus.
Wilson said concerns about employment were among the reasons she wanted to speak about artificial intelligence through the campaign.

#campaign #artificial #desigual #musk

Steve Garmhausen
Private capital has become a core growth tool for wealth management firms. Flush with cash from private equity and other sources, registered investment advisors are upgrading technology, recruiting specialized talent, and pursuing both organic expansion and acquisitions. Here’s how CEOs of some of these firms put their capital to work.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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#wealth #firms #steve #flush

Celebrity blogger Perez Hilton has reduced the asking price of his sprawling Las Vegas mansion by $350,000—nearly one month after he was hospitalized following a health incident at his new Miami home.
The 48-year-old media personality initially listed the six-bedroom, 6.5-bathroom property for $4.25 million in June, telling Realtor.com® at the time that the custom-built residence had "served" him well during his years in Nevada.
Now, Hilton has reduced the price to $3.9 million as he looks to sever his remaining real estate ties to Nevada and settle permanently in Miami with his three children and mother.
The price cut comes mere hours after his family issued a public plea on his website asking fans and onlookers to stop gathering around his Miami residence—following a distressing livestream that prompted several calls to police and requests for a welfare check.
Officers ultimately transported Hilton to a nearby hospital, while mental health professionals and the Crisis Response Unit offered support to his friends and family.

#hilton #million #residence

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US apartment investment volume fell 16% year over year to $12.4B in July, according to MSCI.
MSCI said garden apartment sales declined 25% to $6.3B, while mid- and high-rise volume fell 5% to $6.1B.
Cap-rate pressure is becoming more visible in garden ***** ets as investors distinguish properties by exposure to future supply.
GlobeSt.com reports that July apartment investment data look weak on the surface, but the more important signal is a widening distinction between property types. MSCI data in its ***** ysis of July apartment transactions show US apartment volume fell 16% year over year to $12.4B. Garden sales dropped 25% to $6.3B, while mid- and high-rise volume declined 5% to $6.1B.

#msci #daily #fell #investment

Medicare calculates Part B and Part D surcharges using income from two years prior, so a profitable ***** et sale can trigger higher premiums long after the money is spent.
IRMAA resets annually, so a one-time income spike typically raises premiums for only one or two years before fading as normal income returns.
Voluntary ***** et sales don't qualify for SSA-44 relief, making pre-sale income planning the only real tool to minimize Medicare surcharges.
Many financial professionals are salespeople paid on what they push, not whether you end up wealthier. A fiduciary is the opposite. The SEC legally requires them to put your interests first. Advisor.com's free matching tool pairs you with vetted fiduciaries from major national firms, all in under three minutes. See who you match with today.
Picture a longtime fan who bought a personal seat license two decades ago, giving him the right to buy the same season tickets year after year. He has climbed the same stadium stairs every fall, watched his knees start to complain and finally decided the ticket rights were worth more to him as cash than as seats he uses a handful of times each season.

#income #medicare #premiums #tool

Selling a home for $890,000 leaves roughly $328,000 taxable after the $500,000 joint exclusion, adding $9,240 in Medicare surcharges two years later.
Section 121's $500,000 joint exclusion ceiling hasn't risen with inflation since 1997, leaving longtime homeowners exposed to large taxable gains on ordinary homes.
Rebuilding cost basis with documented improvements, deferring optional IRA withdrawals, and budgeting for the Medicare surcharge from proceeds reduces the sale's financial impact.
Many financial professionals are salespeople paid on what they push, not whether you end up wealthier. A fiduciary is the opposite. The SEC legally requires them to put your interests first. Advisor.com's free matching tool pairs you with vetted fiduciaries from major national firms, all in under three minutes. See who you match with today.
For more than 40 years, the house did exactly what its owners hoped it would do. A couple who paid $62,000 for their home in 1984 closes on the sale this year at $890,000. The IRS lets them exclude up to $500,000 of gain under Internal Revenue Code Section 121. Any taxable gain left after the exclusion, basis adjustments and selling expenses flows into adjusted gross income (AGI). That figure helps determine the modified adjusted gross income (MAGI) Social Security uses to calculate Medicare's income-related monthly adjustment amount (IRMAA) two years later. The sale closes in 2026. The Medicare bill arrives in 2028.

#medicare #years #selling #later

Losing a CDL medical card ends a driving career but does not automatically qualify a truck driver for Social Security Disability Insurance.
At 61, SSA rules treat trucking skills as non-transferable to other work, making disability approval significantly more achievable than at younger ages.
Starting reduced retirement benefits at 62 during a pending SSDI claim provides income but slightly reduces the final disability benefit amount.
Many financial professionals are salespeople paid on what they push, not whether you end up wealthier. A fiduciary is the opposite. The SEC legally requires them to put your interests first. Advisor.com's free matching tool pairs you with vetted fiduciaries from major national firms, all in under three minutes. See who you match with today.
He walks into a clinic for the physical he has passed for decades and walks out without the medical certificate that keeps him behind the wheel. At 61, after more than 30 years driving trucks, the paycheck can stop almost overnight. His first instinct is understandable: if a medical condition means he can no longer do the only job he has known, Social Security Disability Insurance (SSDI) should follow.

#walks

Thousands of amateur cyclists and some of the world's top professionals are taking to the road in the Scottish Borders.
Two major events are taking place later in the region, which is set to host the Tour de France next year.
The final stage of the elite Tour of Britain men's race is being held on a circular route, beginning and ending at Earlston.
At the same time, riders will come from across the UK and beyond to test themselves in the Tour O The Borders which starts and finishes in Peebles. The two routes do not overlap.
Biking business revives town centre eyesore building

#tour #taking

On August 25, EPAM Systems (NYSE:EPAM) announced a partnership with Wiz, the cloud and AI security platform now owned by Google Cloud, joining the Wiz Partner Alliance to help large organizations turn cloud risk data into actual engineering fixes. The timing is notable. Just weeks earlier, on August 6, EPAM reported second-quarter revenue growth of only 4.5% and pointed to a much slower pace ahead. A cybersecurity push gives the company a fresh growth story just as its core business decelerates.
The Wiz deal pairs Wiz's AI Application Protection Platform with EPAM's AI-native engineering and cloud modernization work, aiming to move clients from simply spotting cloud risks to actually remediating them across Google Cloud, AWS, Azure, and other environments. White Hat, an EPAM company, adds an offensive security layer of defensive, offensive, and incident response specialists to test whether flaws found by Wiz are actually exploitable, rather than just theoretical. EPAM says this formalizes work already underway, having delivered Wiz implementation programs across six industries: media and entertainment, transportation and logistics, life sciences and healthcare, financial services, automotive, and retail and consumer goods. That existing footprint gives the partnership a running start rather than a cold launch.
The financial backdrop supports the case that EPAM has room to invest here. Second quarter GAAP income from operations rose to 10.8% of revenue from 9.3% a year earlier, while non-GAAP operating margin climbed to 16.4% from 15%. GAAP diluted EPS reached $1.97, up 26.3% year over year, and non-GAAP diluted EPS hit $3.38, up 22%. The company also returned $409 million to shareholders through buybacks in the first half of 2026, including $85 million in the second quarter alone.
The numbers behind the Wiz announcement tell a more cautious story. EPAM's full-year revenue growth guidance now sits at 3.2% to 4.2%, with organic constant currency growth pegged at just 2.0% to 3.0%. The third quarter outlook is softer still: revenue of $1.410 billion to $1.425 billion implies year-over-year growth of roughly 1.7% at the midpoint, a sharp step down from the 4.5% posted in the second quarter.
Cash flow moved in the wrong direction too. EPAM used $38.8 million in operating activities during the first half of 2026, compared with $77.4 million generated over the same period in 2025. Total cash, equivalents and restricted cash fell 39% to $794.3 million as of June 30, from $1.301 billion at the end of 2025, a decline driven in part by continued share repurchases. Headcount growth was modest as well, with delivery professionals up just 0.3% from the prior quarter, suggesting a company being deliberate rather than aggressive about scaling capacity even as it adds new service lines like Wiz implementation.

#epam #cloud #year #company

During the lightning round of the September 1 episode of Mad Money, a caller highlighted Velo3D, Inc.'s (NASDAQ:VELO) 52% year-over-year revenue surge, raised guidance, and projected second-half positive EBITDA along with deep ties to ***** eX and defense primes and asked whether it was finally time to buy. Jim Cramer commented:
Okay, they have not had the revenue growth that I thought they should have and that's why I think it's at $11. I think you got to wait for a few more solid quarters because it has not been the right place to be. You can buy about a quarter position because it is a good spec, but I don't want you to get bigger than that until we find out why the revenues aren't growing more.
Velo3D, Inc. (NASDAQ:VELO) stands out because it builds high-end metal 3D printers that make extremely complex parts for rockets, satellites, and defense equipment. When aerospace giants like ***** eX need lightweight engine components that traditional factories simply cannot manufacture, they turn to Velo3D's systems. By figuring out how to print these tricky metal parts without needing the usual support structures, the company has secured a real spot in industries where precision is absolutely necessary and there is zero room for error.
Nevertheless, having great technology does not automatically make a stock a winner. Selling million-dollar hardware takes time, and investors are waiting to see if the company can reliably turn those impressive contracts into steady cash flow. When a hardware stock is this speculative and sales are choppy, it serves as a good reminder that exciting tech needs a few solid quarters of real financial proof before investors can trust the growth story.
Looking at what the professionals are doing, it is easy to see why caution is warranted. According to Insider Monkey's database of over 1,000 elite hedge funds, just 14 held a position in Velo3D, Inc. (NASDAQ:VELO) during the second quarter, a tiny ***** p from 12 in the prior quarter. More importantly, short interest sits at a massive 30.43% of the float. That means a large chunk of the market is actively betting against the stock, which shows deep skepticism around the company's ability to execute on its promises.

#velo3d #NASDAQ #velo #Stock

On August 4, Hamilton Lane (NASDAQ:HLNE) posted a first fiscal quarter that showed just how far the private markets manager has scaled. Revenue jumped 56% year over year to $275.3 million, fee-related earnings climbed 49% to $124.5 million, and the firm's total ******* et footprint pushed past $1.1 trillion. That kind of quarter would normally be the whole story. Instead, it came wrapped around three separate balance sheet payouts and a candid admission that client flows have gotten choppier than the headline numbers suggest.
Hamilton Lane's specialized funds are doing the heavy lifting. Fee-earning ******* ets under management in that category grew 25% year over year to $42.6 billion, and that mix shift toward higher-fee products pushed the blended fee rate up to 69 basis points. Management and advisory fees rose 21% to $161.4 million, and FRE margin expanded to 53% from 51% a year earlier, a sign the extra revenue is reaching the bottom line rather than getting absorbed by costs.
The Evergreen platform, Hamilton Lane's semi-liquid product line built for individual and smaller institutional investors, generated $640 million of net inflows and ended the quarter with $19 billion in ******* ets. Ten of twelve funds took in net new money, and none of them needed to gate redemptions even as the broader alternatives industry has wrestled with liquidity questions. The company also added six senior Evergreen sales professionals poached from Fidelity, BlackRock, PIMCO, JPMorgan, Morgan Stanley and Monroe Capital, and just landed its multi-strategy equity fund on a third wirehouse platform.
Fundraising on the closed-end side was equally strong. The sixth direct equity fund closed at $3.8 billion combined, 57% larger than its predecessor, while the seventh secondary fund and second venture fund each held first closes, at $1.3 billion and $370 million. On top of that, Hamilton Lane is set to book roughly $33 million in combined gains from monetizing its stakes in Russell Investments and Canoe, on top of a newly public stake in Securitize.
Not every part of the story is clean. Hamilton Lane's non-US multi-strategy equity fund swung to net outflows for the quarter, and management pointed to a broader hesitancy taking hold. Co-CEO Erik Hirsch acknowledged "a slowdown in flows on certain products and the general hesitancy with investors," a rare moment of candor from a company that otherwise leaned on strong numbers.

#fund #lane

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Basis Industrial closed a $20.5 million construction loan and land acquisition for a 707-unit, 102,673-square-foot climate-controlled self-storage facility in Surprise, Arizona, marking its first Arizona development.
NexBank and NexPoint provided the construction financing for the Truman Ranch site, with construction starting this year and completion targeted for fall 2027.
The project taps into rising self-storage demand in fast-growing Phoenix, where Truman Ranch alone is adding more than 600 new apartment units.
Basis Industrial, a Delray Beach, Fla.-based real estate owner and operator, closed a $20.5 million construction loan and completed a land acquisition on Sept. 2, 2026, for its first Arizona self-storage development at 17140 W. Waddell Road in Surprise. The project will deliver a 102,673-square-foot, 707-unit climate-controlled facility within the Truman Ranch master-planned community. Construction is expected to start later this year, with completion targeted for fall 2027.

#daily #self #industrial #surprise

Sept 03, 2026, 4:50 pm EDT
IRS staff reductions in the 2025 fiscal year coincided with a decrease in the tax revenue the agency brought in via enforcement actions, according to a new
reportExternal link
from the Treasury Department’s inspector general for tax administration. The report warns that recent workforce cuts could undermine the agency’s ability to execute its mission.
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#management #you 're #sept

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
The U.S. ETF industry is pushing back against the Securities and Exchange Commission's (SEC) broad review of "novel ETFs."
ETF professionals argue an overly wide definition could slow product launches and undermine one of the market's biggest advantages, even as increasingly complex funds test the boundaries of the traditional ETF structure, per a Reuters report.
The SEC opened the review in June after delaying a wave of proposed prediction-market ETFs. Its request covers ETFs that invest in innovative ***** et classes or use unconventional strategies and asks whether existing rules adequately address investor protection, market integrity, and the registration process.
More than 20 industry participants submitted comments around the Aug. 31 deadline, with the docket showing submissions from Charles Schwab, Franklin Templeton, Jane Street, Cboe Global Markets, Grayscale Investments, 21Shares, Andreessen Horowitz and Kalshi.

#industry #finance #securities #june

Wolters Kluwer Tax & Accounting Sweden has partnered with financial management software provider Finago to simplify accounting processes.
The partnership aims to provide Swedish businesses with more integrated financial workflows.
Finago will contribute its accounting expertise, while Wolters Kluwer will provide software and expert solutions for accounting professionals.
The partnership will connect Finago's daily accounting processes with financial statement preparation and tax reporting in Wolters Kluwer's Capego solution.
Finago Sweden country manager Andreas Näslund said: "The future of accounting is built on connected workflows, automation and access to real-time data.

#accounting #financial #kluwer

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National Resources, Great Point Studios, and Lindsay Goldberg refinanced their 719,943-square-foot "Hollywood on the Hudson" studio portfolio in Yonkers for $435 million.
The floating-rate loan from Bank of Montreal, Starwood Mortgage Capital, and Bank of America replaces $376.8 million in debt and funds tenant improvements.
The portfolio is 98.9% leased with Lionsgate Studio Corp. alone occupying 52.5% of the ***** e, underscoring strong demand for film and TV production real estate.
A four-building Yonkers film studio and office portfolio has landed a $435 million refinancing, according to Commercial Property Executive. The borrower, a joint venture between National Resources, Great Point Studios Operations, and Lindsay Goldberg, used the floating-rate loan to retire $376.8 million in prior debt on the 719,943-square-foot "Hollywood on the Hudson" portfolio, with the balance covering closing costs, equity returns, and tenant improvements.

#Portfolio #national #point #lindsay

King Charles and Queen Camilla attended a garden party marking the 125th anniversary of a charity organization, where the monarch met Pakistan's national cricket team while the Queen mingled with dancers. The outing also marked their first public appearance since Prince Harry and Meghan Markle returned to the UK last month.
King Charles and Queen Camilla attended the Victoria League for Commonwealth Friendship's 125th anniversary. At Clarence House, the monarch also met Pakistan's national cricket team. On the other hand, Queen Camilla conversed with dancers from the Royal Academy of Dance at the London headquarters.
There, she met professionals from various classes, including those aged 55 and over, those undergoing cancer treatments, and people from underprivileged backgrounds. During her visit, she also handed over the Queen Elizabeth II Coronation Award to Christopher Wheeldon, OBE.
Following their royal engagements, they then headed to the British Museum, where they were also joined by French President Emmanuel Macron and first lady Brigitte Macron. Moreover, U.K. Prime Minister Andy Burnham and his wife, Marie-France van Heel, were also present at the museum.
In this visit, they viewed the Bayeux Tapestry, which showcases the Norman conquest of England. The tapestry was loaned to the UK for the first time since its creation, and in exchange, the country promised to send some national treasures to France (via PEOPLE).

#charles

Sequoia Financial Group is expanding its presence in Colorado with the acquisition of BSW Wealth Partners, a registered investment advisor firm with $2.3 billion in client ***** ets and offices in Boulder and Denver. The deal, announced Tuesday, closed on Monday.
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If you're not a wealth management professional, you can find other great financial content at barrons.com. If you have any questions, please contact us at advisor.editorsbarrons.com.

#financial #please #barrons #group

The husband of a renowned ballroom dancer who needs 24/7 care after suffering a stroke said her first trip to the hairdressers since she fell ill had been a welcome "distraction".
Jane Bullock, who coached professionals for the BBC's Strictly Come Dancing, collapsed at her Wolverhampton home on 10 August 2025, after she finished teaching a class.
As a result, the once fit and healthy dancer lost half her sight and all the movement on the left side of her body, meaning she is often restricted to her bed.
Her husband Warren said her life had "completely changed" and it had been a difficult time for both of them.
"As time goes on, you start to have a realisation and accept some things, but other things she can't accept," he said.

#things #jane #come

MD Sass, a boutique **** et management firm, published its second-quarter investor update for its flagship, the "MD Sass Concentrated Value Strategy." The letter can be downloaded here. In the first half of 2026, AI infrastructure stocks led the market, with the Russell 1000 Value increasing by 16.3%, outpacing the S&P 500 (10.2%) and Russell 1000 Growth (5.3%). This growth was fueled by semiconductor, memory, and hardware companies benefiting from AI development, even though they are considered cyclical. These sectors, representing only 7.7% of the Russell 1000 Value at the start of the year, contributed nearly 70% of its returns. The portfolio gained 10.0% in the second quarter, net of fees, compared to 13.9% for the Russell 1000 Value Index. Year-to-date, the strategy returned 6.6%, net of fees, versus 16.3% for the Index. The portfolio faced challenges due to limited exposure to companies with the greatest upside from AI infrastructure investments. It also lacked exposure to the Energy sector, which returned about 20% in the first half amid geopolitical tensions with Iran that increased commodity prices, affecting performance. The firm recognizes the importance of adapting its strategies while maintaining core investment principles as it explores future opportunities in emerging technological themes. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, MD Sass Concentrated Value Strategy highlighted Henry Schein, Inc. (NASDAQ:HSIC) as a notable contributor. Henry Schein, Inc. (NASDAQ:HSIC) is a leading distributor of dental products and services. On August 28, 2026, Henry Schein, Inc. (NASDAQ:HSIC) closed at $89.52 per share. Over the past month, Henry Schein, Inc. (NASDAQ:HSIC) returned 3.48%, while its shares have gained 28.66% in the last 52 weeks. Henry Schein, Inc. (NASDAQ:HSIC) has a market capitalization of $9.98 billion, and its stock has traded within a 52-week range of $61.95 to $92.18.
MD Sass Concentrated Value Strategy stated the following regarding Henry Schein, Inc. (NASDAQ:HSIC) in its Q2 2026 investor letter:
"Henry Schein, Inc. (NASDAQ:HSIC), the world's largest provider of healthcare solutions to office-based dental and medical professionals, appreciated 13% in Q2. Strong earnings results and a positive outlook for the balance of the year created a very favorable setup for the company to exceed its full year guidance. We believe that significant cost reductions, combined with accelerating revenue growth, should lead to material positive earnings revisions as we move into Q4 and 2027. We met with HSIC's new CEO, Fred Lowery, and believe his track record, extensive distribution experience, and "outsider" mentality should translate into improved efficiencies and margins, a more profitable product mix, and market share gains. Our estimates remain well above consensus over the next several years, and we believe the stock remains attractively valued on both an abso

MEXICO CITY, MEXICO - LIV Golf signage carries one of several non-performing value propositions (Photo by Hector Vivas/Getty Images)
The game of golf is one of the oldest sports. As a pastime, it harks back to childhood diversions; as a profession, it dates back to the "Old Course" at St. Andrews, Scotland, where in the 1850s the sport was first played by professionals.
Vulnerabilities of Golf's Present Business Model
Because of the beauty of its venues and the challenge of mastering the game, golf has long been jocularly described as "a good walk spoiled." But over the centuries, professional golf has arguably spoiled more than just a good walk. Its enduring business model has always had some fundamental vulnerabilities:
It is inherently solitary. Individuals play against individuals, even as collaboration and teamwork have become increasingly important features of contemporary life.

#individuals #good

Red carpet glamour may look effortless, but behind every polished celebrity appearance is usually a team of professionals working together. Stylists, makeup artists and hairstylists help stars prepare for major events, making sure every detail feels right before the cameras start flashing. For many celebrities, getting ready is less about following a strict formula and more about trusting experienced people who understand their personal style. The process can feel like playing dress up, with different outfits, beauty looks and accessories tested until everything comes together.
Celebrities often describe the experience as highly collaborative. Stylists may bring several clothing options, but the final choice still depends on what makes the person wearing it feel comfortable and confident. Stars can suggest changes, remove details or add something that better reflects their personality. Even when the glam team does most of the technical work, personal input remains important. The strongest red carpet looks are often the ones that feel natural to the person wearing them rather than simply following whatever happens to be fashionable at the moment.
Preparation can also begin long before the makeup brushes and clothing racks arrive. Eating well, drinking enough water and taking care of the skin can help create a better starting point for the beauty team. Just as important is working with familiar professionals who understand a celebrity's face, preferences and comfort level. That trust can make the hours before an event feel less stressful, especially when the same makeup artist or hairstylist has developed a recognizable approach over years of working together.
Makeup artist Gucci Westman is one example of how personal that relationship can become. Her work has been described as gentle and artistic, almost like painting a face rather than simply applying cosmetics. For a celebrity, having someone who knows exactly how to create a familiar look can provide confidence before stepping into an environment filled with cameras and attention. The same principle applies to fashion styling, where understanding the person matters just as much as understanding clothes.
Stylist Erin Walsh, known for working with stars including Anne Hathaway and Selena Gomez, describes red carpet dressing as a collaboration. Trends can provide inspiration and help fashion continue evolving, but they should not completely control the final look. Instead, pieces of current trends can be adapted to suit an individual's personality, comfort and appearance. That may be the real secret behind memorable red carpet style. The best looks are not created by one person alone, but through teamwork, trust and a shared understanding of what makes someone feel their best.

#feel #makeup #look #Help

Kelley Wolf has opened up about the circumstances that lead to a court-issued restraining order against her last August, following an attempt to enter the home of her ex-husband, actor Scott Wolf.
In an Aug. 29 Instagram statement, the "Real World: New Orleans" alum explained that after a year spent working with a team of professionals—including doctors, therapists, psychologists, and healers—she has answers surrounding the situation that left her banned from contacting the three children she shares with Scott: Jackson, 17, Miller, 13, and Lucy, 12.
"It's been a year since I recognized what everyone around me could see: I was not well, and I needed help," Kelley wrote.
The 49-year-old podcast host went on to describe her mental health at the time.
"I felt like my brain had been hijacked, and the world was moving at the speed of a freight train," the mom of three continued. "It turns out that is exactly what happened, but I didn't know it."

#august #Instagram #real #orleans

Goal scoring patterns are the cornerstone of football betting, shaping the most popular markets used by bettors and ******* ysts. Understanding how goals are distributed across matches offers vital context beyond unpredictable single-game outcomes. Recognising stable trends can support a more informed approach to interpreting betting markets.
Goal data is essential in mainstream football betting because it reveals patterns that guide market pricing and expectations, including on platforms such as Hurjaa. The most common football betting markets depend on how reliably teams score, with long-term goal patterns providing greater clarity than a single match result. Historical averages and shifts in tactical approach are important for anyone interested in understanding market movements. By identifying these trends, it becomes clearer why popular markets behave as they do.
Betting professionals and ******* ysts usually focus on specific metrics when evaluating goal scoring trends. League averages are a primary reference, since some competitions are known for frequent high-scoring games while others tend to be more defensive and produce fewer goals.
Comparisons between home and away performance help determine where teams are most effective or vulnerable. Timing of goals, such as whether teams score more in the opening or closing stages of matches, also contributes to understanding overall patterns.
Markets like over/under are directly influenced by overall goal rates and tactical shifts within leagues. When a competition moves towards more offensive or defensive play, the over/under lines reflect the new trend accordingly.

#patterns #understanding #scoring #trends

The United Federation of Teachers (UFT), New York City's largest teachers union, is fighting back against Mayor Zohran Mamdani's efforts to block a city-backed pay raise for education paraprofessionals, after the group previously endorsed him last year.
Last month, the New York City Council unanimously passed the "RESPECT Check Act," which would offer up to a $10,000-bonus for education paraprofessionals.
Though Mamdani supported a version of the bill in the past, he has since spoken out against it, arguing that it violates New York state's Taylor Law, which protects public employees' rights to negotiate issues like compensation. His administration later filed a lawsuit to stop the law from being enacted Aug. 19.
Flashback: Mamdani's History Of Dodging Questions About Where He Stands On Key Issues
New York City Mayor Zohran Mamdani's administration filed a lawsuit to stop a bill to provide a pay raise to school paraprofessionals.

#teachers #raise

Aug 26, 2026, 2:21 pm EDT
The Vistria Group, a private-equity firm with holdings across the financial services sector, is taking a majority stake in Curi Capital, a Chicago-based registered investment advisor firm with more than $14 billion in client ****** ets under advisement. The deal is expected to close in late September.
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Noted golf architect Tom Fazio, whose courses have a weighty presence on various Golfweek's Best course rankings lists, has signed on for something new. He will join forces with CityGolf USA to design eight indoor golf courses, starting with a new Nashville facility that will open in the winter of 2026 and that combines simulator golf with real greens and surrounds built with artificial turf.
CityGolf USA will use simulators to take players from tee to green, at which point the simulator screen will be lifted to reveal a green complex with the artificial turf. If it all sounds familiar, it's similar to what the TGL indoor league has built at Palm Beach State College in Florida, where teams of top touring professionals such as Tiger Woods and Rory McIlroy play televised matches.
The first CityGolf USA location will take up 174,000 square feet at City View Building 6 in Nashville. The business will include a high-end restaurant, a bar, event ******* es, driving range bays and a short-game practice area. Fazio will design the 18-hole course in concert with Fazio Design Technologies.
"A great golf course is always accompanied by a great environment," Fazio said in a media release announcing the partnership that was released Wednesday. "FDT and CityGolf USA are committed to providing a one-of-a-kind environment and entertainment venue that is unmatched. The ability to design and create unique golf courses for CityGolf USA has been seamless, and we look forward to people all over the United States having the opportunity to play them."
Gavin Fazio, Tom's son, is founder of Fazio Design Technologies and president of Fazio Design, the firm that focuses on actual course design.

#golf #nashville #indoor #simulator