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

Bank of America Corporation (NYSE:BAC) expects third-quarter investment banking fees to fall by at least 10% year over year, which highlights a broader normalization across capital markets after an unusually strong first half of 2026. BofA expects investment banking fees of roughly $1.6 billion to $1.8 billion in the third quarter, compared with $2 billion a year earlier. CEO Brian Moynihan said the broader investment banking market is also down around 10%, suggesting that the softer quarter reflects a cooling in industry activity rather than a company-specific breakdown.
The comparison with the second quarter illustrates how sharp the normalization is. BofA's investment banking fees had risen 50% year over year to $2.1 billion in Q2, while sales and trading revenue reached a record $7.1 billion. The current outlook therefore represents a pullback from elevated levels rather than a reversal of the broader recovery in dealmaking. Global M&A activity remained substantial in the first half of 2026, with more than $3 trillion of announced transactions, providing evidence that corporate deal appetite has remained relatively healthy even as quarterly activity fluctuates.
Pixabay/Public Domain
From a longer-term perspective, the normalization does not necessarily undermine Bank of America Corporation (NYSE:BAC)'s capital-markets franchise. Investment banking revenues remain well above the depressed levels seen during the earlier downturn in deal activity, while the bank continues to have a substantial pipeline of potential transactions. Moynihan's comments that the pipeline remains strong suggest that some of the current weakness could reflect the timing of transactions rather than a fundamental loss of corporate demand for M&A, financing or advisory services.
BofA also has a diversified earnings base that makes it less dependent on any single capital-markets cycle. Its second-quarter net interest income increased 9% to $16 billion, while average loans and leases grew 8%. That provides a more stable source of revenue as investment banking normalizes. In this context, the Q3 decline can be viewed as a shift away from exceptionally strong capital-markets contributions rather than evidence that the bank's broader earnings trajectory has deteriorated.

#billion #year #rather

If you bought Meta Platforms (META) for its advertising engine, the engine still runs: revenue rose 28% year over year in the June 2026 quarter, and its Advantage+ automated campaigns keep growing. What has changed is where the cash goes afterward. The question for a holder is whether Meta is still the business you bought.
Over the twelve months through the June 2026 quarter, capital spending took 39.1% of revenue, against 18.5% across Meta's history. That money buys servers, data centers and network infrastructure. In late July 2026, Meta also announced a venture with BlackRock to develop a 1 gigawatt data center in El Paso, Texas. The plan is to keep going: management narrowed its 2026 capital-spending range by lifting the bottom of it.
Less cash is left over. TTM free-cash-flow margin is 18.0%, against 32.8% across its history, so on each dollar of sales Meta keeps a little more than half the free cash it used to.
Borrowing fills part of the gap. Debt has risen to 25.0% of total **** ets, against a historical 7.0%, and the CFO says Meta is adding more debt to lower its cost of capital. Meta still holds more cash and marketable securities than debt.
Together, those three readings are the most unusual combination Meta has shown in 14 years. Taken with the 2026 spending floor that management has raised, the combination reads as a change in the business rather than one quarter of noise.

#meta #cash

International Business Machines (IBM) has risen 6.0% over the last five trading days while the S&P 500 fell 1.3%. A run like that in a weak market pulls money in, but the five-day move is not the question worth answering. What matters is what IBM does to your money when the market moves. Most of what IBM does has little to do with the market.
On days the S&P 500 rose over the past year, IBM captured about 83% of the gain. On days the index fell, IBM took about 102% of the loss. That is a one-year reading of daily moves. For investors evaluating a recent breakout, an asymmetric downside capture ratio warrants closer inspection.
IBM is not a quiet stock. Over the past five years it ran 30.3% annualized volatility against 17.2% for the S&P 500. Its daily moves have tracked the index with a correlation of only 0.36 across those five years, so most of that movement is IBM's own. Independence like that comes from what IBM sells, and when its customers buy.
Software is nearly 45% of IBM's revenue, and about 80% of that software revenue is recurring, coming from subscription and consumption products like Red Hat, HashiCorp and Confluent. The other 20% is transactional. Large clients buy the mainframe and its software stack on enterprise license agreements, generally treated as capital spending.
That last 20% is what slipped in the second quarter of 2026. Management says many clients redirected spending toward servers, storage and memory to secure supply-constrained infrastructure ahead of expected price increases. Tens of large deals did not close on time, and transaction processing revenue fell 9% while data grew 18%.

#revenue

White House chief of staff Susie Wiles is "cancer free," she announced on X on Sept. 16, 2026. "Some personal news I'm grateful to share. After a medical appointment at the Mayo Clinic this week, my pathology results came back clear," she explained.

Wiles was diagnosed with early-stage breast cancer in March and told the New York Times that her prognosis was "strong." Wiles did not disclose at the time what treatment she would undergo, but said it would last several weeks — during which time she planned to continue working. Noting that one in eight American women develops breast cancer at some point in their lives, Wiles posted on X at the time: "Every day, these women continue to raise their families, go to work and serve their communities with strength and determination. I now join their ranks."
A breast cancer diagnosis is life-altering, but Wiles's comments highlighted the progress that's been made in recent years. Breast cancer is now detected at Stage 0 or 1 — before it has spread — in the majority of cases. Survival rates have risen dramatically, but "the treatments we use to treat early-stage breast cancer have become more tailored" and less disruptive to women's lives, Dr. Lynn Dengel, a University of Virginia surgical oncologist, told Yahoo in March.
"Because [Wiles] was taking care of her health [and getting screened], not only will her prognosis be better, but it will probably minimize what treatment she has to go through and will benefit her work-life and overall balance," Dengel said. She added that most of her patients are diagnosed early and can continue to work while undergoing breast cancer treatment, reducing the financial burden and overall disruption to their lives.
Wiles was diagnosed at age 68 — slightly older than the median age (62) when most women learn they have breast cancer. More than 380,000 American women are diagnosed with some form of breast cancer each year, according to the American Cancer Society (ACS).
Breast cancer remains the most common form of cancer among women in the U.S., except for skin cancers. And rates are rising. But there's good news: More women are surviving the disease. Treatments have also improved, becoming tolerable enough that many women still work, as Wiles intends to do. Here's what to know about the disease, why rates are rising and how women can reduce their risks.

#breast #diagnosed

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

Bank of America Corporation (NYSE:BAC) expects third-quarter investment banking fees to fall by at least 10% year over year, which highlights a broader normalization across capital markets after an unusually strong first half of 2026. BofA expects investment banking fees of roughly $1.6 billion to $1.8 billion in the third quarter, compared with $2 billion a year earlier. CEO Brian Moynihan said the broader investment banking market is also down around 10%, suggesting that the softer quarter reflects a cooling in industry activity rather than a company-specific breakdown.
The comparison with the second quarter illustrates how sharp the normalization is. BofA's investment banking fees had risen 50% year over year to $2.1 billion in Q2, while sales and trading revenue reached a record $7.1 billion. The current outlook therefore represents a pullback from elevated levels rather than a reversal of the broader recovery in dealmaking. Global M&A activity remained substantial in the first half of 2026, with more than $3 trillion of announced transactions, providing evidence that corporate deal appetite has remained relatively healthy even as quarterly activity fluctuates.
Pixabay/Public Domain
From a longer-term perspective, the normalization does not necessarily undermine Bank of America Corporation (NYSE:BAC)'s capital-markets franchise. Investment banking revenues remain well above the depressed levels seen during the earlier downturn in deal activity, while the bank continues to have a substantial pipeline of potential transactions. Moynihan's comments that the pipeline remains strong suggest that some of the current weakness could reflect the timing of transactions rather than a fundamental loss of corporate demand for M&A, financing or advisory services.
BofA also has a diversified earnings base that makes it less dependent on any single capital-markets cycle. Its second-quarter net interest income increased 9% to $16 billion, while average loans and leases grew 8%. That provides a more stable source of revenue as investment banking normalizes. In this context, the Q3 decline can be viewed as a shift away from exceptionally strong capital-markets contributions rather than evidence that the bank's broader earnings trajectory has deteriorated.

#investment #banking #year

All eyes will be on the September Federal Open Market Committee (FOMC) meeting. Unless there is extraordinary news, like collapsing crude oil prices, I am fully expecting a key Fed interest rate hike.
The Fed never fights market rates. Since market rates have risen globally due to higher energy prices, and after the ECB hike, more central banks are expected to follow and raise key interest rates.
The big news is expected to be the FOMC statement that may signal whether or not the Fed is "one and done" or signal that more key interest rate hikes will be forthcoming. Under new Fed Chairman Warsh, the Fed may not provide good guidance, since Warsh wants Wall Street to take its cue from market rates.
Related: Louis Navellier is buying 3 headline-making stocks, including Google
The good news is that with a hike already baked into the cake, there shouldn't be a negative market reaction on September 16. In other words, don't fear the reaper because even if interest rates rise and market volatility increases, fundamentally superior stocks continue to outperform. Ahead of the meeting, however, I suspect the stock market will trade sideways.

#rates #warsh

Willing and Abel: Berkshire's New CEO Makes Huge Portfolio Changes in Q1
American Express raised its 2026 revenue-growth outlook toward 10% after reporting strong first-half trends, including 10% foreign-exchange-adjusted revenue growth, mid-teens EPS growth, 16% card-fee growth and double-digit net interest income growth.
The company plans to direct better-than-expected performance toward customer acquisition, technology and product development, while maintaining long-term aspirations of 10% revenue growth and mid-teens EPS growth.
International, travel and younger-cardmember growth remain key opportunities: international billings have risen about 50% in three years, travel spending is contributing to growth, and Millennials and Gen Z represent 65% of new accounts, with credit metrics remaining stable.
Capital One's Big Bet Faces Rising Credit Risk

#Growth #international #travel #makes

WASHINGTON, Sept 16 (Reuters) - U.S. homebuilder sentiment dropped to a one-year low in September as rising mortgage rates dampen demand for housing, a survey showed on Wednesday.
The ‌National **** ociation of Home Builders/Wells Fargo Housing Market index fell three points to 32 ‌this month, the lowest reading since September 2025, from 35 in August. The decline also reflected labor shortages amid an immigration crackdown as well as rising costs because of tariffs on imports.
Economists polled by Reuters had forecast the index easing to 34. Sentiment is likely to remain subdued in the months ahead as mortgage rates have been rising in tandem with the 10-year U.S. Treasury yield.
The 30-year fixed mortgage rate averaged 6.76% ‌last week, the highest level in ⁠more than a year, up from 6.71% in the prior week, data from mortgage finance firm Freddie Mac showed.
The 10-year government bond yield on Tuesday hit ⁠5.041%, the highest since July 2007, driven in part by expectations that the Federal Reserve would on Wednesday start raising interest rates to quell inflation that is being driven by the U.S.-Israel war with Iran. Longer-dated yields have also risen amid concerns over the nation's ballooning debt.

#housing

The Federal Reserve is expected to raise its benchmark interest rate by a quarter percentage point at its meeting Wednesday, which would mark the first increase since July 2023, according to CNBC. CME Group's FedWatch tool showed traders placing odds above 90% on a hike, an outcome that would set the federal funds rate target range at 3.75%–4%.
That would follow a period in which the FOMC reduced rates on six separate occasions totaling 175 basis points from July 2023 through early 2026, according to CNBC. Since then, a string of discouraging inflation readings, a firm labor market, and crude oil prices rising back above $100 a barrel — driven by the conflict involving Iran — have shifted the calculus toward tightening.
Fed Chair Kevin Warsh's remarks at the Fed's annual Jackson Hole symposium helped accelerate that shift, according to CNBC. As recently as a month ago, futures markets put the probability of a hike at only 36%.
The path to Wednesday's expected decision reflects a committee that had been moving in a hawkish direction for months. At the June meeting — Fed Chair Kevin Warsh's first — the committee voted 12–0 to hold rates steady, but the Fed released projections showing nine of 18 officials favored at least one rate hike before year-end. Consumer prices had risen 4.2% year-over-year in May, a three-year high. Warsh said at the time that the Fed's commitment to bringing down inflation was "strong, unanimous, and unambiguous."
Minutes from the July meeting, when the committee held rates steady on a fractured 9–3 vote, showed hawkish sentiment extended beyond the three dissenting regional bank presidents who had pushed for an immediate increase. The minutes indicated that "some policy firming would likely be warranted" if inflation remained persistent, driven by factors including AI-fueled demand, Middle East energy disruptions, or tariff pass-through.

#cnbc #hike #rates #inflation

FC Barcelona have begun the process of renewing defender Gerard Martín's contract, per multiple reports. The 24-year-old footballer has risen through the ranks and become an important part of manager Hansi Flick's set-up.
Barça are said to be looking to tie him up for longer, with a bigger release clause and a higher salary. There is reportedly no hurry on either side, as he has a contract until 2028. There is a sense of optimism surrounding the negotations, as the team is happy with his performances and the player wants to stay.
Barça reportedly see him continuing to be a key part of the squad and possibly even improving as time goes on. A Barcelona native, Martín was a product of UE Cornellà's academy before going to Barcelona's B team. Reports say he's happy to stay with his hometown club.
So far, there have been no concrete negotiations or even a set date for a meeting on the matter. All that has been reported are preliminary conversations.
A left-back by training, he has broken through as a center-back under Flick. With Ronald Araujo on loan to Liverpool FC, Barça are set to use Martín often this season alongside Pau Cubarsí. There was talk of a potential center-back signing, though none came. Andreas Christensen has split duties as the other center-back to start this season. Barça also has Eric Garcia, though he often plays as a full-back.

#back #Barcelona #part #team

HSBC Holdings plc (NYSE:HSBC) is winding down its transaction services business in Germany, with more than 300 positions at HSBC Transaction Services GmbH and HSBC Service Company Germany GmbH expected to be phased out by 2028. The division provides securities processing, administration and custody services.
HSBC said the move is part of its broader strategy to strengthen its position in businesses where it has competitive advantages and sees stronger growth opportunities. The decision follows HSBC Germany's sale of its private banking business to BNP Paribas last year, highlighting the bank's continued effort to streamline its European operations.
Northfoto/Shutterstock.com
The biggest positive for HSBC Holdings plc (NYSE:HSBC) is that the German exit could improve the bank's efficiency and profitability over time. Rather than continuing to allocate capital and employees to a transaction-services operation that HSBC apparently sees as less strategically attractive, the bank can redirect resources toward areas where it has stronger competitive advantages. This fits CEO Georges Elhedery's broader restructuring strategy of reducing complexity, cutting costs and concentrating HSBC on businesses with better growth prospects. Reuters has reported that HSBC has already been selling non-core operations as part of this transformation, while its shares have risen substantially since the restructuring began.
The timing could also be constructive. Germany's economy remains under pressure, with industrial production falling unexpectedly in July and manufacturing activity still facing significant challenges. Reducing exposure to a business tied to the German market could therefore protect HSBC Holdings plc (NYSE:HSBC) from maintaining costs in an environment where growth is relatively weak.

#german

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Bitcoin (BTC-USD) opened at $76,806.19 on Monday, September 14, 2026, 0.6% lower than Sunday's opening price. As of 7:31 a.m. ET this morning, the price of bitcoin moved up to $77,873.33.
Ethereum (ETH-USD) opened at $2,475.82 on Monday, September 14, 2026, down 2% from Sunday's opening price. The price of ethereum moved higher this morning to $2,514.09 as of 7:31 a.m. ET.
Bitcoin and ethereum prices opened lower this morning, as they did on Friday, but have moved up in early trading, despite oil prices moving even higher today following reports of attacks in the Middle East over the weekend.
An attack on a Saudi Arabian pipeline, as well as on homes and a mosque, has global oil prices (BZ=F) up over 11% in the last five-day period. Expectations that the Fed will raise rates this week have also risen appreciably. This morning, according to the CME Group's FedWatch tool, the chances for a rate increase this week are now 86.5%, up from 69.4% on Friday morning.

#price #opened #Monday #september

American government borrowing costs have risen to a three-year high after a $6bn (£4.4bn) bond market intervention disappointed investors.
The US treasury said on Wednesday it would buy back $6bn in government debt as Scott Bessent, the treasury secretary, tries to suppress high bond yields.
However, the intervention underwhelmed investors and yields rose after the announcement. The interest rate on benchmark 10-year Treasuries rose to 4.85pc, the highest level since late 2023. The cost to borrow over 20 and 30 years also rose sharply.
The jump is a setback for Mr Bessent and Donald Trump, who have both sought to combat a sharp recent rise in US borrowing costs that has put pressure on the White House's economic plans.
It will also likely raise concerns that the global bond sell-off seen last week could reignite.

#bond #costs #year

KINSHASA, Congo (AP) — The fastest-growing Ebola outbreak on record in eastern Congo is rapidly spreading beyond its epicenter, Africa's top health body said Thursday.
In recent weeks, new cases and deaths have declined in Ituri province, the outbreak's epicenter, but risen sharply in neighboring North Kivu and Haut-Uele, the Africa Centres for Disease Control and Prevention said at a weekly briefing.
According to the latest government figures released on Thursday, 6,843 cases have been reported, including 3,310 deaths. Ituri province remains the hardest-hit province, with more than 5,400 cases while North Kivu has reported over 1,000 cases since the outbreak was declared in May.
The outbreak in eastern Congo is spreading under extremely difficult conditions, fueled by insecurity, displacement, a health workers' strike and intense population movements. The situation is particularly concerning at displacement sites, where residents already live in extremely precarious conditions.
The World Health Organization has said the outbreak remains out of control and is on track to surpass the 2014-2016 West Africa Ebola outbreak, the deadliest on record, which killed more than 11,000 people, primarily in Guinea, Liberia and Sierra Leone.

#outbreak #thursday #ituri

Brent crude traded close to $100 a barrel on Wednesday, reaching levels last seen in July as markets ****** sed further military activity in the Middle East and its potential impact on regional oil supplies.
At 0614 GMT, Brent crude futures were up 1.3% at $99.22 a barrel, while U.S. West Texas Intermediate crude gained 1.2% to $94.13 a barrel.
Brent has risen approximately 25% since early August as fighting in the six-month conflict resumed and expectations for a permanent resolution diminished.
The conflict escalated on Tuesday as Iranian-backed Houthi forces in Yemen carried out strikes against several Saudi Arabian cities.
U.S. forces also struck multiple Iranian oil tankers, while Iran targeted a U.S. base in Jordan and attacked vessels.

#iranian #forces #east

Matchroom Boxing's CEO has highlighted a problem in the ongoing talks between Anthony Joshua and Tyson Fury, with their super-fight at risk of collapsing.
This year, British heavyweights Joshua and Fury signed to fight each other at long last, five years after they previously signed a deal that fell through. Once again, however, a problem has arisen.
Joshua's contract is for a clash in the UK, while Fury's contract is flexible on location. Fury and certain key figures are pushing for a 20 November showdown in New York City, while "AJ" is digging in his heels in hopes of boxing at Wembley Stadium.
Anthony Joshua (left) with Kristian Prenga after beating the Albanian (Getty)
And Matchroom's Frank Smith has pointed to an issue with the "narrative" around the negotiations, while speaking to Playbook Boxing – powered by Betway.

#fury #boxing #contract #matchroom

After a few years of watching Walmart (NASDAQ: WMT) crush Target (NYSE: TGT), the pauper has become the prince in 2026. Shares of Target are bullseye-red hot, soaring 68% this year. In the other corner, Walmart is a laggard with a 4% year-to-date decline.
The two retail chains have withstood the test of time. They have raised their quarterly dividends for more than five decades. However, which one is the better buy in September? A case can be made for buying both, but the name I'm going with might surprise you.
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 »
When you see a stock outperforming against a rival over the past eight months, you might conclude that Target is growing faster than Walmart. You might also ******* ume that it's trading at a higher earnings multiple or packs a lower yield, given the wide performance gap. You would be wrong on all three counts.
Target's trailing revenue has risen a mere 2% over the past 12 months. Walmart's trailing top-line growth at 6.2% is more than three times faster. Target stock is simply bouncing back from a dark ******* e. It will end a run of three consecutive years of declining revenue this fiscal year.

#NVIDIA #three

Exactly 15 years ago, Juventus cut the ribbon on its new home. On 8 September 2011, thousands of people, both inside the stadium and watching on television, held their breath as they got their first glimpses of the ground that had risen, in just a few years, on the site where the Stadio Delle Alpi had stood for so long.
Our home: a place where, over the past 15 years, we've experienced incredible and unforgettable emotions, and where we're sure many more are still to come.
So, Juventus Play is inviting you to a special birthday celebration. Today, 8 September, from 19:00 onwards, you'll be able to watch the opening ceremony in full, followed by the friendly match that inaugurated the pitch, against Notts County.
A special way for us all to say together: Happy birthday to our Allianz Stadium!

#years #stadium

The S&P 500 (SNPINDEX:^GSPC) has risen by 13% thus far in 2026. The broad index is on track for another above-average performance; historically, its annual gains are around just 10%. However, with many stocks continuing to perform well, the index, which tracks the leading companies on U.S. markets, has thrived.
Gold, meanwhile, which investors typically turn to when they're worried about the stock market, has been going in the opposite direction. Its value has been diminishing, a sharp turnaround from earlier in the year, when gold was hitting record levels. The SPDR Gold Shares(NYSEMKT:GLD) fund, which tracks gold, is up only 3% this year.
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 »
However, with no shortage of economic and political uncertainty ahead, will this pattern continue? Is tracking the S&P 500 still the ideal move for investors, or is it time to buy SPDR Gold Shares?
Image source: Getty Images.

#NVIDIA

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

By Dhara Ranasinghe and Stefano Rebaudo
LONDON, Sept 7 (Reuters) -
The European Central Bank is widely expected to hike interest rates on Thursday, erring on the side of caution as the U.S.-Iran war drags on, keeping oil prices high and raising inflation again.
Brent crude has risen over the ‌last month, while European gas prices have hit their highest since early 2023.
Here are five key questions for markets:

#prices #stefano #london #sept

Rei Tsuruya hopes he's finally done enough to earn a crack at an opponent with a number next to their name.
At UFC Fight Night 286 in Shanghai, Tsuruya (12-1 MMA, 3-1 UFC) showed why he was heavily favored as he quickly drowned and tapped opponent Kevin Borjas (11-6 MMA, 2-5 UFC), winning the bout in 4:14 by rear-naked choke.
"I am simply happy, with my performance and the outcome," Tsuruya recently told MMA Junkie through a translator. "Two straight finishes in the first round, it really gives me confidence moving forward in my career with the UFC. For now, I am happy, and back to work. ... I was confident that I could dominate on the ground. My body reacted on its own and was making that takedown."
Tsuruya, 24, is viewed by many experts as one of the flyweight division's most promising prospects, particularly given his age and ability to finish fights. His stock has risen even further, as the only man to defeat him, Joshua Van, now hold UFC flyweight gold.
"I believe I am capable of being at the top of the division," Tsuruya said. "It's also a lot about luck, timing and the matchups you get, but I'm doing everything I can to develop my skills and be ready for whatever is next."

#opponent #next

As electricity demand surges amid AI data center growth, two utility companies stand out. NextEra Energy (NYSE: NEE) and Constellation Energy (NASDAQ: CEG) are both incredibly strong businesses, but are taking different approaches to this new chapter in North American power.
NextEra is both a traditional utility provider and a powerhouse in renewable energy. It is planning to spend $94 billion through 2030 in an aggressive push to build out its footprint. In May, the energy giant announced an all-stock agreement to acquire Dominion Energy. This deal will make NextEra the world's largest utility business, but the megamerger is facing intense regulatory scrutiny.
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 company's dividend yield is holding strong at over 3%. The stock has risen just 2% this year. NextEra is a reliable income producer, but could see substantial growth through the early 2030s.
Constellation's approach is completely different from NextEra's. Constellation is the largest nuclear power operator in the U.S. It's also an independent power producer, meaning it sells electricity on the open market and not through a regulated utility model. This gives it greater pricing volatility, but potentially more upside.

#energy #flashing

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Mortgage rates hit their highest level in over a year as a global bond selloff intensified and Fed Chairman Kevin Warsh signaled in a closely watched speech that the central bank may soon need to raise benchmark interest rates.
The average 30-year fixed rate mortgage was 6.71% this week through Wednesday — the highest since June 2025 — according to Freddie Mac data, up from 6.66% a week earlier. Other measures of mortgage rates have shown an even bigger jump. Mortgage rates on Wednesday averaged 6.91%, according to Mortgage News Daily.
The 10-year Treasury yield, which mortgage rates closely track, has risen sharply in recent weeks as investors worldwide grow more jittery about inflation.
In a speech last Friday, Warsh emphasized the Fed's commitment to reducing inflation, noting "inflation is running above our 2% target. So the Fed's predominant focus right now should be on prices."

#year #warsh #highest #week

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The median price of a sold home in July 2026 was over $434,100 — more than 10 times higher than housing prices 50 years ago. Inflation is one reason, but building costs have risen faster than the consumer price index because labor and material costs have increased. A shortage of homes for sale and increasing affordability issues are also to blame. Here's what hopeful homebuyers need to know about today's elevated home prices.
Read more: The best low- and no-down-payment mortgage lenders
This table shows the median prices of existing home sales over the past year.
July 2025

#price #offers

Fundstrat Chief Investment Office and popular investor Tom Lee believes that Nvidia (NVDA) stock is still undervalued, even after posting another set of record numbers for its most recent quarter. "The thing that stands out is that Nvidia's multiple is still very low. So, they've got these huge revisions. The stock hasn't kept up. Now the P/E keeps contracting," Lee said in an interview with CNBC. In an earlier note, the ***** yst pointed out that "Nvidia's 2028 revenue guide might help the stock push back to new all-time highs."
By Nvidia standards, 2026 has been a relatively quiet year. NVDA stock is up 20% on a year-to-date (YTD) basis. Yet, the stock has still managed to outperform the S&P 500 Index ($SPX), which has risen 12% over the same period. Further, with a gargantuan market capitalization of $5.2 trillion, NVDA stock offers a dividend yield of 0.45%.
Nvidia CEO Jensen Huang Says His $3.5 Billion MediaTek Deal Is 'Not Circular' Because 'They Do Their Own Business'
Strategy's Strategy Appears to Have Failed, and the Outlook of MSTR Stock Is Unfavorable
A Potential ***** eX Deal Could Meaningfully Accelerate Growth for Technip Stock

#chief #investment #office

I keep hearing people say they want to own Tesla (NASDAQ: TSLA) stock but are waiting for a better price, and I understand the instinct, because the stock has swung between $297.38 to $498.83 over the past year. The problem is that Tesla is already 30% off its high while deliveries grew 25% and energy storage jumped 40%, so the discount everyone is waiting for may already be here.

Tesla is down roughly 17% over the past four weeks, and I think that pullback is the entry point rather than a reason to wait for a deeper one.
Tesla trades today roughly 25% below its 52-week high, and about 23% above its 52-week low. Over the past 12 months, the stock has risen by 9.5%, meaning a year of operational progress has produced half the average price appreciation of the S&P 500, which is up by about 19%. Tesla's forward price-to-earnings ratio sits near 207, with a trailing multiple of about 340, so ***** ody is buying the stock based on its current earnings math. If you're buying it at all, you're doing so based on your view of what the company is building.
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 »
Second-quarter deliveries hit 480,126 electric vehicles (EVs), up 25% year over year, compared with 451,758 vehicles produced. The energy storage business deployed 13.5 GWh of capacity in the quarter, up 40% from 9.6 GWh in the prior-year quarter and up 53% from the 8.8 GWh it deployed in 2026's first quarter. It was Tesla's second-largest quarterly increase in storage ever, behind only the 14.2 GWh it added in the fourth quarter of 2025. ***** ulative deployments now exceed 132 GWh since 2016, with 22.3 GWh in the first half of 2026 alone.
Tesla's network of Powerwalls -- rechargeable home batteries that store electricity for later use, including during power outages -- supported more than 89,000 virtual power plant events across over 1 million installed units, saving homeowners more than $1 billion on electricity bills. Megapack 3 and Megablock production are starting at Megafactory Houston this year.

#tesla #signal #past #storage

It's not often that we use "high yield" and "tech stocks" in the same sentence. However, some of the legacy software and consulting companies have joined the league, thanks to the drawdown in their stocks amid "AI-pocalypse" fears. With artificial intelligence (AI) looking to automate coding and back-office tasks, the "man-hours" model that IT services firms rely on could be at risk. Accenture (ACN) is among the names that have been in the penalty box amid fears that AI would cause large-scale business disruption for the sector. However, such fears have eased, and legacy tech companies, which were considered net AI losers, have jumped sharply from their lows. Looking at some specific stocks, Adobe (ADBE) and Salesforce (CRM) have respectively risen 54% and 76% from their 2026 lows, while Accenture has soared 60%.
Despite the rally, Accenture still has a dividend yield of 3.4%, which is well ahead of the S&P 500 Index ($SPX) average. The company has a long history of paying dividends and started paying a semi-annual dividend in 2005, eventually transitioning to quarterly dividends beginning in 2019. It has increased its payouts every year since its initiation, with an impressive annualized growth of 11.1%. Last year, the company raised its quarterly dividend by 10.1% to $1.63 per share.
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Nvidia Can Clearly Afford a Bigger Dividend. Why Its Payout Hasn't Grown.
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#legacy