1 hr. ago
Rolling credit card debt into a home equity loan trades unsecured debt for secured debt — miss payments and you risk foreclosure, not just a credit-score hit. In exchange, you typically get a lower rate and a longer term than the debt you're paying off.
Advantages of using home equity loans or HELOCs to pay off debts include fewer bills to track and lower monthly payments compared to credit card minimums.
Get quotes from at least three lenders and have a repayment plan before you consolidate this way — Bankrate's research shows most borrowers who skip that step overpay.
Moving credit card debt into a home equity loan changes what kind of debt it is. Credit card debt is unsecured: miss payments and the issuer can sue you or send you to collections, but it can't take your house. A home equity loan or HELOC is secured by your home, so missed payments can lead to foreclosure. That's the trade you're making, and it only pays off under specific conditions.
The upside of converting your higher-interest debt into a home equity loan? Home equity rates average under 8%, whereas many credit cards are close to 20%. That gap can be real money back in your pocket — but only if you qualify for a rate near the average, you've already fixed whatever caused the balances, and you understand what's now on the line if you fall behind.
#home
Advantages of using home equity loans or HELOCs to pay off debts include fewer bills to track and lower monthly payments compared to credit card minimums.
Get quotes from at least three lenders and have a repayment plan before you consolidate this way — Bankrate's research shows most borrowers who skip that step overpay.
Moving credit card debt into a home equity loan changes what kind of debt it is. Credit card debt is unsecured: miss payments and the issuer can sue you or send you to collections, but it can't take your house. A home equity loan or HELOC is secured by your home, so missed payments can lead to foreclosure. That's the trade you're making, and it only pays off under specific conditions.
The upside of converting your higher-interest debt into a home equity loan? Home equity rates average under 8%, whereas many credit cards are close to 20%. That gap can be real money back in your pocket — but only if you qualify for a rate near the average, you've already fixed whatever caused the balances, and you understand what's now on the line if you fall behind.
#home
3 hours ago
The freight market has seen a brutal downturn, with an astounding 85% failure rate for new carriers in the past three years. Kirk Mann, EVP & GM of Transportation and Vendor Solutions at Mitsubishi HC Capital America, dives into why this cycle was the longest, the impact of over-financed ****** ets, and what it means for the future of freight demand and equipment financing. Learn how lenders navigate this volatile landscape and what's next for carrier growth.
The average three-year failure rate for motor carriers with fewer than two years of operating experience and their own ICC authority hit 85% during the prolonged freight downturn, according to Kirk Mann, EVP & GM of Transportation and Vendor Solutions at Mitsubishi HC Capital. Mann shared the figure in a FreightWaves interview, offering one of the starkest measures yet of how the roughly three-and-a-half-year downturn devastated the smallest participants in the for-hire trucking market.
The elevated failure rate traces directly to the equipment bubble that inflated during 2021 and 2022. Mann recalled a conversation with his chief risk officer in which they discussed a four-year-old Freightliner Cascadia with fewer than 500,000 miles — an ****** et the risk officer valued at roughly $45,000 but that the company was financing at $100,000 to $110,000. FreightWaves data showed pre-COVID prices on five-year-old equipment running around $34,000, climbing to as high as $120,000 at the peak. Carriers that entered the business buying equipment at those inflated values were immediately underwater when rates collapsed.
"I remember we were way bubble. It was an ****** et bubble of enormous proportions," Mann said.
When defaults mounted, Mitsubishi HC Capital leaned on workout tools rather than immediate repossession. Mann said the company restructured approximately 75% of its loans during its 2020 customer ****** istance program launched at the onset of COVID-19, and that 95% of those borrowers resumed payments within 90 days. Even so, the lender accumulated repossessed inventory it held "for quite a long time" before conditions improved enough to move units through dealer networks, auctions, and internal sales channels.
#freight
The average three-year failure rate for motor carriers with fewer than two years of operating experience and their own ICC authority hit 85% during the prolonged freight downturn, according to Kirk Mann, EVP & GM of Transportation and Vendor Solutions at Mitsubishi HC Capital. Mann shared the figure in a FreightWaves interview, offering one of the starkest measures yet of how the roughly three-and-a-half-year downturn devastated the smallest participants in the for-hire trucking market.
The elevated failure rate traces directly to the equipment bubble that inflated during 2021 and 2022. Mann recalled a conversation with his chief risk officer in which they discussed a four-year-old Freightliner Cascadia with fewer than 500,000 miles — an ****** et the risk officer valued at roughly $45,000 but that the company was financing at $100,000 to $110,000. FreightWaves data showed pre-COVID prices on five-year-old equipment running around $34,000, climbing to as high as $120,000 at the peak. Carriers that entered the business buying equipment at those inflated values were immediately underwater when rates collapsed.
"I remember we were way bubble. It was an ****** et bubble of enormous proportions," Mann said.
When defaults mounted, Mitsubishi HC Capital leaned on workout tools rather than immediate repossession. Mann said the company restructured approximately 75% of its loans during its 2020 customer ****** istance program launched at the onset of COVID-19, and that 95% of those borrowers resumed payments within 90 days. Even so, the lender accumulated repossessed inventory it held "for quite a long time" before conditions improved enough to move units through dealer networks, auctions, and internal sales channels.
#freight
12 hours ago
As of August 24, 2026, the average rate for a 30-year, fixed loan was 6.71% — up from the beginning of the year, and higher than the 2025 average of 6.66%.
Over the past four decades, the 30-year fixed rate ranged from a 2021 low of 2.65% to a 1981 high above 18%.
The average 30-year fixed rate bottomed in 2021 at just under 3%.
87% of all borrowers in 2025 paid more than the most competitive rate available to them, according to Bankrate's Hidden Homeownership Tax research — meaning rate history matters less to your bill than whether you actually shopped your own rate.
The residential mortgage as we know it today is less than a century old. In fact, until the Federal Housing Administration (FHA) was established in 1934, only one in 10 Americans even owned a home. That all changed with the introduction of the 30-year fixed-rate mortgage during the Great Depression, which made homeownership possible for millions.
#homeownership #mortgage
Over the past four decades, the 30-year fixed rate ranged from a 2021 low of 2.65% to a 1981 high above 18%.
The average 30-year fixed rate bottomed in 2021 at just under 3%.
87% of all borrowers in 2025 paid more than the most competitive rate available to them, according to Bankrate's Hidden Homeownership Tax research — meaning rate history matters less to your bill than whether you actually shopped your own rate.
The residential mortgage as we know it today is less than a century old. In fact, until the Federal Housing Administration (FHA) was established in 1934, only one in 10 Americans even owned a home. That all changed with the introduction of the 30-year fixed-rate mortgage during the Great Depression, which made homeownership possible for millions.
#homeownership #mortgage
14 hours ago
This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter.
Constellation Brands will invest $100 million over five years to boost U.S. farmer profitability in states that produce hops, barley and other ingredients in the Modelo and Corona maker's beers.
The investment will include additional purchases from farmers in Idaho, Montana and North Dakota, plus initiatives to improve market access and economic resiliency.
The beer maker will also establish a farmer-led advisory committee that will provide insight on how the investments can best support growers in the company's agricultural supply chain.
The farm economy is facing a "generational downturn," according to the American Farm Bureau Federation, as increased production costs and sustained weather challenges strain financials.
#farmer
Constellation Brands will invest $100 million over five years to boost U.S. farmer profitability in states that produce hops, barley and other ingredients in the Modelo and Corona maker's beers.
The investment will include additional purchases from farmers in Idaho, Montana and North Dakota, plus initiatives to improve market access and economic resiliency.
The beer maker will also establish a farmer-led advisory committee that will provide insight on how the investments can best support growers in the company's agricultural supply chain.
The farm economy is facing a "generational downturn," according to the American Farm Bureau Federation, as increased production costs and sustained weather challenges strain financials.
#farmer
1 day ago
When British rower Imogen Grant won Olympic gold in Paris, it could easily have been the final race of her career.
Lightweight rowing, the discipline in which she had enjoyed her greatest success, was disappearing from the Olympic calendar. Within days she was back at work as a trainee doctor.
For a while, retirement felt a genuine possibility.
But once her race was over, Grant had a chance to experience the rest of the Paris Games, and something shifted.
"It's so special. I just have to try and do it again," she remembers thinking.
#race #imogen #lightweight #rower
Lightweight rowing, the discipline in which she had enjoyed her greatest success, was disappearing from the Olympic calendar. Within days she was back at work as a trainee doctor.
For a while, retirement felt a genuine possibility.
But once her race was over, Grant had a chance to experience the rest of the Paris Games, and something shifted.
"It's so special. I just have to try and do it again," she remembers thinking.
#race #imogen #lightweight #rower
1 day ago
Three income buckets slash the capital required to hit $79,200 annually, ranging from $2.26M for conservative dividend growers down to $660K for high-yield BDCs.
A dividend stream growing at 8% annually doubles in nine years, while a flat high-yield payout stagnates and can shrink if underlying principal erodes.
REIT and BDC distributions are taxed up to 37% as ordinary income versus 20% for qualified dividends, potentially erasing the high-yield tier's income advantage.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
Replacing $6,600 a month in dividend income means engineering a portfolio that throws off $79,200 a year in cash. That is roughly what a comfortable retirement runs in most of the country, and it is the number a lot of pre-retirees quietly benchmark against. The capital you need depends almost entirely on one variable, which is the yield you are willing to reach for.
#advisor #bdcs
A dividend stream growing at 8% annually doubles in nine years, while a flat high-yield payout stagnates and can shrink if underlying principal erodes.
REIT and BDC distributions are taxed up to 37% as ordinary income versus 20% for qualified dividends, potentially erasing the high-yield tier's income advantage.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
Replacing $6,600 a month in dividend income means engineering a portfolio that throws off $79,200 a year in cash. That is roughly what a comfortable retirement runs in most of the country, and it is the number a lot of pre-retirees quietly benchmark against. The capital you need depends almost entirely on one variable, which is the yield you are willing to reach for.
#advisor #bdcs
1 day ago
Nu Holdings (NYSE: NU) has been an incredible long-term success story. Founded in 2013, the online-only bank now has nearly 140 million customers across just three countries: Brazil, Colombia, and Mexico. Year-over-year revenue growth has consistently been in the double digits, sometimes exceeding 100%.
Some ***** ysts worry that the fintech's biggest days of growth are behind it. After all, the competition is catching on to Nu's ***** et-light business model. But a few key figures from the company's recent quarterly earnings announcement suggest that the fintech stock remains a long-term buy.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
As I detailed earlier this month, Nu is facing increased competition, but its competitive advantages continue to give it a durable edge. In recent years, competing banks have acquired more customers, but at the expense of declining credit quality and rising deposit costs. Meanwhile, Nu has been able to maintain high revenue and customer growth without sacrificing borrower quality or net interest margins.
This quarter, the company posted a consolidated cost of deposits of 88% the interbank rate, three percentage points lower than a year ago. Its efficiency ratio (a measure of how well the bank is managing operating costs) and ***** et quality metrics also improved.
#NVIDIA #signal #quality #term
Some ***** ysts worry that the fintech's biggest days of growth are behind it. After all, the competition is catching on to Nu's ***** et-light business model. But a few key figures from the company's recent quarterly earnings announcement suggest that the fintech stock remains a long-term buy.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
As I detailed earlier this month, Nu is facing increased competition, but its competitive advantages continue to give it a durable edge. In recent years, competing banks have acquired more customers, but at the expense of declining credit quality and rising deposit costs. Meanwhile, Nu has been able to maintain high revenue and customer growth without sacrificing borrower quality or net interest margins.
This quarter, the company posted a consolidated cost of deposits of 88% the interbank rate, three percentage points lower than a year ago. Its efficiency ratio (a measure of how well the bank is managing operating costs) and ***** et quality metrics also improved.
#NVIDIA #signal #quality #term
2 days ago
Former world snooker champion Graeme Dott has been found guilty of child ***** ual abuse.
The 49-year-old denied two charges of lewd and libidinous behaviour towards a girl and a boy between 1993 and 2010.
During a trial, the High Court in Glasgow heard that Dott had exposed himself and inappropriately touched a primary school girl in the 1990s and attacked a young boy between 2006 and 2010.
Lord Harrower told Dott, who won the World Snooker Championship in 2006, he would be sentenced at a separate hearing in Edinburgh on 29 September.
Dott covered his face with his hands and shook his head while the verdict was delivered by jurors following a five-day trial.
#World #graeme #high
The 49-year-old denied two charges of lewd and libidinous behaviour towards a girl and a boy between 1993 and 2010.
During a trial, the High Court in Glasgow heard that Dott had exposed himself and inappropriately touched a primary school girl in the 1990s and attacked a young boy between 2006 and 2010.
Lord Harrower told Dott, who won the World Snooker Championship in 2006, he would be sentenced at a separate hearing in Edinburgh on 29 September.
Dott covered his face with his hands and shook his head while the verdict was delivered by jurors following a five-day trial.
#World #graeme #high
2 days ago
Hayden Panettiere's mother claims Brian Hickerson ***** ed some of the actress's possessions before her death, including a vintage guitar, adding a new allegation to the scrutiny surrounding their turbulent relationship.
Lesley Vogel made the claim in an interview published Sunday by The New York Times. Vogel said Panettiere was "shocked" to discover that more of her belongings were in a storage unit belonging to Hickerson, her on-and-off partner.
Hickerson has not directly responded to the allegation that he ***** ed her property. His attorneys previously said Panettiere's death remained under investigation and that police had found no signs of foul play. When Page Six sought comment on the property allegations, his legal team referred the outlet back to that statement.
Panettiere died August 16 at age 36 after she was found unresponsive in Greenville, South Carolina. An ***** ociated Press report based on Greenville police records placed Hickerson and his brother Zach at the apartment. An autopsy found no signs of trauma, police reported no indication of foul play and her official cause of death remains under investigation.
Vogel told the Times that she became alarmed after learning Hickerson had ***** ed some of her daughter's belongings, including a vintage guitar. She also said Panettiere herself was stunned to discover that some of her possessions were being kept in a storage unit under Hickerson's control. A second person who spoke anonymously to the Times supported the narrower claim that Hickerson had sold some of Panettiere's property.
#times #found
Lesley Vogel made the claim in an interview published Sunday by The New York Times. Vogel said Panettiere was "shocked" to discover that more of her belongings were in a storage unit belonging to Hickerson, her on-and-off partner.
Hickerson has not directly responded to the allegation that he ***** ed her property. His attorneys previously said Panettiere's death remained under investigation and that police had found no signs of foul play. When Page Six sought comment on the property allegations, his legal team referred the outlet back to that statement.
Panettiere died August 16 at age 36 after she was found unresponsive in Greenville, South Carolina. An ***** ociated Press report based on Greenville police records placed Hickerson and his brother Zach at the apartment. An autopsy found no signs of trauma, police reported no indication of foul play and her official cause of death remains under investigation.
Vogel told the Times that she became alarmed after learning Hickerson had ***** ed some of her daughter's belongings, including a vintage guitar. She also said Panettiere herself was stunned to discover that some of her possessions were being kept in a storage unit under Hickerson's control. A second person who spoke anonymously to the Times supported the narrower claim that Hickerson had sold some of Panettiere's property.
#times #found
2 days ago
As of August 24, 2026, the average rate for a 30-year, fixed loan was 6.71% — up from the beginning of the year, and higher than the 2025 average of 6.66%.
Over the past four decades, the 30-year fixed rate ranged from a 2021 low of 2.65% to a 1981 high above 18%.
The average 30-year fixed rate bottomed in 2021 at just under 3%.
87% of all borrowers in 2025 paid more than the most competitive rate available to them, according to Bankrate's Hidden Homeownership Tax research — meaning rate history matters less to your bill than whether you actually shopped your own rate.
The residential mortgage as we know it today is less than a century old. In fact, until the Federal Housing Administration (FHA) was established in 1934, only one in 10 Americans even owned a home. That all changed with the introduction of the 30-year fixed-rate mortgage during the Great Depression, which made homeownership possible for millions.
#fixed #average #homeownership #less
Over the past four decades, the 30-year fixed rate ranged from a 2021 low of 2.65% to a 1981 high above 18%.
The average 30-year fixed rate bottomed in 2021 at just under 3%.
87% of all borrowers in 2025 paid more than the most competitive rate available to them, according to Bankrate's Hidden Homeownership Tax research — meaning rate history matters less to your bill than whether you actually shopped your own rate.
The residential mortgage as we know it today is less than a century old. In fact, until the Federal Housing Administration (FHA) was established in 1934, only one in 10 Americans even owned a home. That all changed with the introduction of the 30-year fixed-rate mortgage during the Great Depression, which made homeownership possible for millions.
#fixed #average #homeownership #less
5 days ago
Baseball fans will get one of the best pitching matchups of the season on Friday when the Atlanta Braves visit the Milwaukee Brewers to open a three-game series at American Family Field.
The headline attraction is on the mound, where Atlanta ace Chris Sale will go head-to-head with Milwaukee flamethrower Jacob Misiorowski. First pitch is scheduled for 4:10 p.m. ET, and the game will be available to stream on ESPN Unlimited.
MORE: MLB Power Rankings, 30 teams ranked worst to first: Brand new top 3
Jul 23, 2026; **** berland, Georgia, USA; Atlanta Braves pitcher Chris Sale (51) pitchers the ball against the San Diego Padres during the second inning at Truist Park. Mandatory Credit: Jordan Godfree-Imagn Images
Date: Friday, Aug. 21, 2026
#chris #first
The headline attraction is on the mound, where Atlanta ace Chris Sale will go head-to-head with Milwaukee flamethrower Jacob Misiorowski. First pitch is scheduled for 4:10 p.m. ET, and the game will be available to stream on ESPN Unlimited.
MORE: MLB Power Rankings, 30 teams ranked worst to first: Brand new top 3
Jul 23, 2026; **** berland, Georgia, USA; Atlanta Braves pitcher Chris Sale (51) pitchers the ball against the San Diego Padres during the second inning at Truist Park. Mandatory Credit: Jordan Godfree-Imagn Images
Date: Friday, Aug. 21, 2026
#chris #first
5 days ago
Reporting fourth-quarter 2026 financial results yesterday after the bell rang, Mercury Systems (NASDAQ: MRCY) gave investors plenty to celebrate. In addition to beating ***** ysts' revenue expectations, the aerospace and defense company set several records during the quarter. Investors, however, are uninterested, focusing on another cause for concern instead.
As of 11:30 a.m. ET, shares of Mercury Systems are down 6.4%.
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 »
Coming up just shy of the adjusted earnings per share (EPS) of $0.38 that ***** ysts expected, Mercury Systems reported adjusted EPS of $0.37, a decline from the $0.47 that it reported during the same period last year.
Besides the Mercury's declining profit, investors are balking at the company's narrower margins. In Q4 2026, Mercury's operating margin contracted to 5% from 8.6% during the same period in 2025. Similarly, Mercury reported a slimmer profit margin in the last quarter of fiscal 2026, at 0.3%, compared with 8.6% in Q4 2025.
#NVIDIA
As of 11:30 a.m. ET, shares of Mercury Systems are down 6.4%.
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 »
Coming up just shy of the adjusted earnings per share (EPS) of $0.38 that ***** ysts expected, Mercury Systems reported adjusted EPS of $0.37, a decline from the $0.47 that it reported during the same period last year.
Besides the Mercury's declining profit, investors are balking at the company's narrower margins. In Q4 2026, Mercury's operating margin contracted to 5% from 8.6% during the same period in 2025. Similarly, Mercury reported a slimmer profit margin in the last quarter of fiscal 2026, at 0.3%, compared with 8.6% in Q4 2025.
#NVIDIA
5 days ago
D.R. Horton's cancellation rate hit 20% on qualification failures, and loanDepot has collapsed 59% year to date as mortgage origination dries up.
Annaly Capital rose 12% as higher MBS yields widened its net interest spread, while PNC jumped 25% repositioning its portfolio to a 4.4% yield.
The 10-year Treasury, not the Fed, sets mortgage rates, and with CPI at 3.4% and the 10-year near 12-month highs, borrower relief looks distant.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and DR Horton didn't make the cut. Grab the names FREE today.
The buyer sitting in a D.R. Horton (NYSE:DHI) sales office in suburban Dallas this week is looking at a 30-year fixed mortgage of 6.67% on the Freddie Mac Primary Mortgage Market Survey for the week ending August 13, 2026, and 6.75% on Mortgage News Daily's Tuesday reading. In late February, the Freddie Mac number was 5.98%. In the interim, the Federal Reserve did nothing. Chair Kevin Warsh has held the federal funds target at 3.75% for 231 consecutive days. Your mortgage rate went up anyway.
#horton #rate
Annaly Capital rose 12% as higher MBS yields widened its net interest spread, while PNC jumped 25% repositioning its portfolio to a 4.4% yield.
The 10-year Treasury, not the Fed, sets mortgage rates, and with CPI at 3.4% and the 10-year near 12-month highs, borrower relief looks distant.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and DR Horton didn't make the cut. Grab the names FREE today.
The buyer sitting in a D.R. Horton (NYSE:DHI) sales office in suburban Dallas this week is looking at a 30-year fixed mortgage of 6.67% on the Freddie Mac Primary Mortgage Market Survey for the week ending August 13, 2026, and 6.75% on Mortgage News Daily's Tuesday reading. In late February, the Freddie Mac number was 5.98%. In the interim, the Federal Reserve did nothing. Chair Kevin Warsh has held the federal funds target at 3.75% for 231 consecutive days. Your mortgage rate went up anyway.
#horton #rate
5 days ago
MEXICO CITY, Aug 19 (Reuters) - The Mexican government expressed its "serious concern" after learning of a preliminary ruling by the U.S. Department of Commerce that found dumping in Mexican strawberry exports throughout the winter.
The Mexican Ministry of Economy said on Tuesday night in a statement that the Commerce Department found Mexico was selling the product at a price between 3.37% and 5.28% below the normal value, depending on the company, and that it had set the average dumping margin at 4.83%.
The case originated on December 31, 2025, when Florida producers filed a petition with Commerce and the International Trade Commission requesting antidumping duties.
The move could affect nearly 5,000 Mexican strawberry growers — 97% of whom are small- or medium-scale farmers with up to 10 hectares (25 acres) of land — and 151,000 jobs linked to strawberry cultivation. In 2025, Mexico exported 263,000 metric tons of strawberries to the U.S., worth $1 billion.
Mexico said it will monitor the process alongside producers and exporters until the ITC's final ruling, expected in early 2027, and argued the criteria used by Commerce are inconsistent with the World Trade Organization's Anti-Dumping Agreement and with provisions of the United States-Mexico-Canada Agreement.
#strawberry #department
The Mexican Ministry of Economy said on Tuesday night in a statement that the Commerce Department found Mexico was selling the product at a price between 3.37% and 5.28% below the normal value, depending on the company, and that it had set the average dumping margin at 4.83%.
The case originated on December 31, 2025, when Florida producers filed a petition with Commerce and the International Trade Commission requesting antidumping duties.
The move could affect nearly 5,000 Mexican strawberry growers — 97% of whom are small- or medium-scale farmers with up to 10 hectares (25 acres) of land — and 151,000 jobs linked to strawberry cultivation. In 2025, Mexico exported 263,000 metric tons of strawberries to the U.S., worth $1 billion.
Mexico said it will monitor the process alongside producers and exporters until the ITC's final ruling, expected in early 2027, and argued the criteria used by Commerce are inconsistent with the World Trade Organization's Anti-Dumping Agreement and with provisions of the United States-Mexico-Canada Agreement.
#strawberry #department
5 days ago
Private credit is entering a more challenging phase as non-accruals and other signs of borrower distress rise.
The industry has enjoyed years of strong growth, supported by expanding **** ets under management, robust investment activity and attractive returns for investors. But the credit cycle is turning. The latest LCD data suggest that rising borrower distress is becoming a more meaningful feature of the market.
In this report, LCD examines non-accrual exposure (see Footnote 1) across the BDC market, beginning with a quick update on Q2 figures from the ten largest publicly traded BDCs, followed by a comprehensive **** ysis of non-accrual exposure across all registered US-based BDCs over the past three years, covering 213 distinct BDCs managed by 109 managers, representing an aggregate debt portfolio of $516 billion as of Q1 2026.
Key Takeaways
Reported non-accrual debt rose to 1.9% of total debt at cost in Q1, up 52 bps from the prior quarter.
#accrual #borrower #distress #across
The industry has enjoyed years of strong growth, supported by expanding **** ets under management, robust investment activity and attractive returns for investors. But the credit cycle is turning. The latest LCD data suggest that rising borrower distress is becoming a more meaningful feature of the market.
In this report, LCD examines non-accrual exposure (see Footnote 1) across the BDC market, beginning with a quick update on Q2 figures from the ten largest publicly traded BDCs, followed by a comprehensive **** ysis of non-accrual exposure across all registered US-based BDCs over the past three years, covering 213 distinct BDCs managed by 109 managers, representing an aggregate debt portfolio of $516 billion as of Q1 2026.
Key Takeaways
Reported non-accrual debt rose to 1.9% of total debt at cost in Q1, up 52 bps from the prior quarter.
#accrual #borrower #distress #across
5 days ago
D.R. Horton's cancellation rate hit 20% on qualification failures, and loanDepot has collapsed 59% year to date as mortgage origination dries up.
Annaly Capital rose 12% as higher MBS yields widened its net interest spread, while PNC jumped 25% repositioning its portfolio to a 4.4% yield.
The 10-year Treasury, not the Fed, sets mortgage rates, and with CPI at 3.4% and the 10-year near 12-month highs, borrower relief looks distant.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and DR Horton didn't make the cut. Grab the names FREE today.
The buyer sitting in a D.R. Horton (NYSE:DHI) sales office in suburban Dallas this week is looking at a 30-year fixed mortgage of 6.67% on the Freddie Mac Primary Mortgage Market Survey for the week ending August 13, 2026, and 6.75% on Mortgage News Daily's Tuesday reading. In late February, the Freddie Mac number was 5.98%. In the interim, the Federal Reserve did nothing. Chair Kevin Warsh has held the federal funds target at 3.75% for 231 consecutive days. Your mortgage rate went up anyway.
#horton #week
Annaly Capital rose 12% as higher MBS yields widened its net interest spread, while PNC jumped 25% repositioning its portfolio to a 4.4% yield.
The 10-year Treasury, not the Fed, sets mortgage rates, and with CPI at 3.4% and the 10-year near 12-month highs, borrower relief looks distant.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and DR Horton didn't make the cut. Grab the names FREE today.
The buyer sitting in a D.R. Horton (NYSE:DHI) sales office in suburban Dallas this week is looking at a 30-year fixed mortgage of 6.67% on the Freddie Mac Primary Mortgage Market Survey for the week ending August 13, 2026, and 6.75% on Mortgage News Daily's Tuesday reading. In late February, the Freddie Mac number was 5.98%. In the interim, the Federal Reserve did nothing. Chair Kevin Warsh has held the federal funds target at 3.75% for 231 consecutive days. Your mortgage rate went up anyway.
#horton #week
5 days ago
Private credit is entering a more challenging phase as non-accruals and other signs of borrower distress rise.
The industry has enjoyed years of strong growth, supported by expanding ***** ets under management, robust investment activity and attractive returns for investors. But the credit cycle is turning. The latest LCD data suggest that rising borrower distress is becoming a more meaningful feature of the market.
In this report, LCD examines non-accrual exposure (see Footnote 1) across the BDC market, beginning with a quick update on Q2 figures from the ten largest publicly traded BDCs, followed by a comprehensive ***** ysis of non-accrual exposure across all registered US-based BDCs over the past three years, covering 213 distinct BDCs managed by 109 managers, representing an aggregate debt portfolio of $516 billion as of Q1 2026.
Key Takeaways
Reported non-accrual debt rose to 1.9% of total debt at cost in Q1, up 52 bps from the prior quarter.
#borrower
The industry has enjoyed years of strong growth, supported by expanding ***** ets under management, robust investment activity and attractive returns for investors. But the credit cycle is turning. The latest LCD data suggest that rising borrower distress is becoming a more meaningful feature of the market.
In this report, LCD examines non-accrual exposure (see Footnote 1) across the BDC market, beginning with a quick update on Q2 figures from the ten largest publicly traded BDCs, followed by a comprehensive ***** ysis of non-accrual exposure across all registered US-based BDCs over the past three years, covering 213 distinct BDCs managed by 109 managers, representing an aggregate debt portfolio of $516 billion as of Q1 2026.
Key Takeaways
Reported non-accrual debt rose to 1.9% of total debt at cost in Q1, up 52 bps from the prior quarter.
#borrower
6 days ago
Bitcoin (BTC) has traded through two US market interventions in under three weeks. It moved the opposite way each time. Support for the yen pushed it down. An attack on long yields lifted it 8.8%.
Treasury Secretary Scott Bessent went further on Thursday. He said buybacks could exceed $4 billion per issue and would become routine, while denying that rates drove the decision.
Follow us on X to get the latest news as it happens
The pattern is narrower than it looks. Bitcoin does not reward intervention itself. It rewards the intervention that lowers long-dated US borrowing costs.
The first landed at the start of August. ****** an bought its own currency with an estimated $53 billion. The New York Fed then bought yen for the Treasury on August 1.
#august #intervention #bought #secretary
Treasury Secretary Scott Bessent went further on Thursday. He said buybacks could exceed $4 billion per issue and would become routine, while denying that rates drove the decision.
Follow us on X to get the latest news as it happens
The pattern is narrower than it looks. Bitcoin does not reward intervention itself. It rewards the intervention that lowers long-dated US borrowing costs.
The first landed at the start of August. ****** an bought its own currency with an estimated $53 billion. The New York Fed then bought yen for the Treasury on August 1.
#august #intervention #bought #secretary
6 days ago
In 2025, 87% of borrowers paid higher than the best available mortgage rate for their credit profile — often because they didn't shop around, according to Bankrate's Hidden Homeownership Tax research.
Refinancing can lower your interest rate and cut thousands of dollars off the total cost of your loan.
Staying with your current lender out of convenience can mean paying a hidden "loyalty tax." Below, we break down when sticking with your lender pays off and when it costs you.
You can refinance with your current lender or switch to a new one — there's no rule requiring you to do either. The real question isn't whether you're allowed to change lenders (you are); it's whether it's the smarter move for your finances.
That decision comes down to more than just comparing your current lender's offer against the competition. Whether you're thinking of refinancing to tap into home equity or snag a lower rate, here's how to weigh the convenience of staying put against what you might be leaving on the table by not shopping around.
#rate #current #lender
Refinancing can lower your interest rate and cut thousands of dollars off the total cost of your loan.
Staying with your current lender out of convenience can mean paying a hidden "loyalty tax." Below, we break down when sticking with your lender pays off and when it costs you.
You can refinance with your current lender or switch to a new one — there's no rule requiring you to do either. The real question isn't whether you're allowed to change lenders (you are); it's whether it's the smarter move for your finances.
That decision comes down to more than just comparing your current lender's offer against the competition. Whether you're thinking of refinancing to tap into home equity or snag a lower rate, here's how to weigh the convenience of staying put against what you might be leaving on the table by not shopping around.
#rate #current #lender
7 days ago
The US private credit market, valued at over $2 trillion, is flashing stress signals not seen since 2017, raising the question of what deteriorating loans could mean for Bitcoin.
The connection runs through liquidity and risk sentiment rather than any direct exposure between the two markets.
Non-accrual loans are credits in which the borrower has stopped making payments or in which default is likely. That metric just hit a multi-year high.
The Financial Times reported the figures, based on Solve data. Non-accrual loans reached a median of 2.8% of cost across the twenty largest listed US Business Development Companies during the second quarter.
That level compares with late March, when the same measure sat near 2%. It marks the highest reading in nearly a decade, comparable to stress triggered by the 2017 oil price collapse.
#accrual #financial
The connection runs through liquidity and risk sentiment rather than any direct exposure between the two markets.
Non-accrual loans are credits in which the borrower has stopped making payments or in which default is likely. That metric just hit a multi-year high.
The Financial Times reported the figures, based on Solve data. Non-accrual loans reached a median of 2.8% of cost across the twenty largest listed US Business Development Companies during the second quarter.
That level compares with late March, when the same measure sat near 2%. It marks the highest reading in nearly a decade, comparable to stress triggered by the 2017 oil price collapse.
#accrual #financial
7 days ago
On August 10, NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang unveiled what he calls his "big concept" for AI financing on CNBC, standing alongside leaders from Goldman Sachs, BlackRock, Blackstone, KKR, Apollo, and Brookfield. Together, the group says it will raise $500 billion, and potentially more, from outside investors to build new AI data centers.
KKR & Co. Inc. (NYSE:KKR)'s head of digital infrastructure, Waldemar Szlezak, described the shift plainly: "You can think about it as a revenue stream."
NVIDIA Corporation (NASDAQ:NVDA) already tried a similar move once before. Almost 11 months ago, it announced a plan to invest up to $100 billion in OpenAI for data centers needing 10 gigawatts of power, but that investment never fully materialized.
That history raises a real question: does this new $500 billion plan mark a genuine shift in how AI gets financed, or another ambitious announcement that outruns the actual contracts behind it?
Nvidia's chips seem to hold real value over time, since customers keep using older-generation GPUs long after a newer model ships. NVIDIA Corporation (NASDAQ:NVDA) also gets the option to backstop 25% of any loan made under the plan, which should help borrowers land better rates than relying on their own credit alone. Big Tech has already shown this kind of financing works at scale: Alphabet, Amazon, Meta, Microsoft, and Oracle together raised more than $150 billion in debt and equity this year, and Intel raised its own stock offering from $15 billion to $20 billion.
#billion #NVIDIA #together
KKR & Co. Inc. (NYSE:KKR)'s head of digital infrastructure, Waldemar Szlezak, described the shift plainly: "You can think about it as a revenue stream."
NVIDIA Corporation (NASDAQ:NVDA) already tried a similar move once before. Almost 11 months ago, it announced a plan to invest up to $100 billion in OpenAI for data centers needing 10 gigawatts of power, but that investment never fully materialized.
That history raises a real question: does this new $500 billion plan mark a genuine shift in how AI gets financed, or another ambitious announcement that outruns the actual contracts behind it?
Nvidia's chips seem to hold real value over time, since customers keep using older-generation GPUs long after a newer model ships. NVIDIA Corporation (NASDAQ:NVDA) also gets the option to backstop 25% of any loan made under the plan, which should help borrowers land better rates than relying on their own credit alone. Big Tech has already shown this kind of financing works at scale: Alphabet, Amazon, Meta, Microsoft, and Oracle together raised more than $150 billion in debt and equity this year, and Intel raised its own stock offering from $15 billion to $20 billion.
#billion #NVIDIA #together
8 days ago
Jeff Brohm enters his fourth year as the Louisville head coach with his fourth new quarterback to lead his offense. Brohm has batted above .500 so far with his additions at quarterback, but he will be going out on more of a limb this season by bringing in Lincoln Kienholz from Ohio State. Kienholz is unproven, as he has not been a starter and has had very limited time on the field compared to the other players Brohm has brought in. But the talent is undeniable, and Brohm has had plenty of success developing players in the past.
Kienholz was a highly-rated quarterback coming out of high school, though he was known more for his athleticism than for his ability as a thrower. He is essentially one of the best athletes to ever come out of the state of South Dakota, and he could probably suit up for Pat Kelsey in a pinch. His running ability is the factor in his game that will really test Brohm's abilities as an offensive mastermind.
During the spring, Linc (I'm really going to make this happen) looked the part throwing the ball to all areas of the field while also being decisive when he needed to run. It was immediately obvious that he is a high-level athlete with great burst on his first step. He has also made it clear during interviews that he likes to be a tough runner who likes to take hits. I think Brohm will lean into that, which is the opposite of what we saw with Tyler Shough, who was an above-average runner.
Depth at quarterback is a clear concern with no option who has taken a snap at this level. Davin Wydner looked outstanding in the spring game after holding his own throughout spring practice. But he was very average at West Georgia last season after not seeing the field as a walk-on at Ole Miss. Wydner does have great size and should be an option as a short-yardage quarterback. I don't know that he's shown enough to be a real option to lead the team if Kienholz is out for an extended period of time.
Briggs Cherry will hopefully see the field in mop-up duty at times this year. He rocketed up the recruiting rankings once he pledged to the Cards, and he looked very good for a true freshman in the spring. Cherry isn't a runner, but he moves well in the pocket and can get down the field to pick up a first down in a pinch. Where Cherry has looked his best is throwing the ball down the seams and other deeper intermediate throws. He also utilized the flats and tight ends very well in spring practice. It has been a long time since Brohm developed a freshman quarterback, but I think Cherry has the tools to be a good one for him.
#looked
Kienholz was a highly-rated quarterback coming out of high school, though he was known more for his athleticism than for his ability as a thrower. He is essentially one of the best athletes to ever come out of the state of South Dakota, and he could probably suit up for Pat Kelsey in a pinch. His running ability is the factor in his game that will really test Brohm's abilities as an offensive mastermind.
During the spring, Linc (I'm really going to make this happen) looked the part throwing the ball to all areas of the field while also being decisive when he needed to run. It was immediately obvious that he is a high-level athlete with great burst on his first step. He has also made it clear during interviews that he likes to be a tough runner who likes to take hits. I think Brohm will lean into that, which is the opposite of what we saw with Tyler Shough, who was an above-average runner.
Depth at quarterback is a clear concern with no option who has taken a snap at this level. Davin Wydner looked outstanding in the spring game after holding his own throughout spring practice. But he was very average at West Georgia last season after not seeing the field as a walk-on at Ole Miss. Wydner does have great size and should be an option as a short-yardage quarterback. I don't know that he's shown enough to be a real option to lead the team if Kienholz is out for an extended period of time.
Briggs Cherry will hopefully see the field in mop-up duty at times this year. He rocketed up the recruiting rankings once he pledged to the Cards, and he looked very good for a true freshman in the spring. Cherry isn't a runner, but he moves well in the pocket and can get down the field to pick up a first down in a pinch. Where Cherry has looked his best is throwing the ball down the seams and other deeper intermediate throws. He also utilized the flats and tight ends very well in spring practice. It has been a long time since Brohm developed a freshman quarterback, but I think Cherry has the tools to be a good one for him.
#looked
8 days ago
The most recent direct lending data shows a boost in the deal count and estimated volume in the European market, including the first direct-lending takeout of a broadly syndicated loan since the third quarter of 2025, as well as renewed support for lending to the software sector.
The data is also beginning to indicate some spread widening and a migration of borrowers to the broadly syndicated loan market, with BSL refinancing activity jumping to the second-highest quarterly reading since LCD began tracking this data, according to the latest European Private Credit Monitor.
The direct lending deal count rose to 35 in the last three months to the end of July, while the estimated volume increased to €9.8 billion — from 32 and €8.5 billion in the second quarter, respectively. Meanwhile, PE-backed estimated direct lending volume grew to the highest level since the end of 2025 on the three-month measure.
However, the estimated volume and count for direct lending deals in the year to end-July still lag the rate tracked in 2025, with these measures trailing by 29% and 19%, respectively. The trend is the same for sponsor-backed deals, which are running 24% lower for estimated volume and 19% lower by number of transactions.
Along with the general recent uptick in activity, interactions between the BSL and DL markets have seen a boost over the past three months, with the direct lending market demonstrating support for software companies despite general market nervousness over this sector.
#european
The data is also beginning to indicate some spread widening and a migration of borrowers to the broadly syndicated loan market, with BSL refinancing activity jumping to the second-highest quarterly reading since LCD began tracking this data, according to the latest European Private Credit Monitor.
The direct lending deal count rose to 35 in the last three months to the end of July, while the estimated volume increased to €9.8 billion — from 32 and €8.5 billion in the second quarter, respectively. Meanwhile, PE-backed estimated direct lending volume grew to the highest level since the end of 2025 on the three-month measure.
However, the estimated volume and count for direct lending deals in the year to end-July still lag the rate tracked in 2025, with these measures trailing by 29% and 19%, respectively. The trend is the same for sponsor-backed deals, which are running 24% lower for estimated volume and 19% lower by number of transactions.
Along with the general recent uptick in activity, interactions between the BSL and DL markets have seen a boost over the past three months, with the direct lending market demonstrating support for software companies despite general market nervousness over this sector.
#european
8 days ago
On August 7, AdvanSix (NYSE:ASIX) reported second-quarter sales of $421 million, up about 3% from a year earlier, while adjusted EBITDA fell $24 million to $32 million and adjusted EPS dropped $1.50 to $0.19. Behind those numbers sits a story of two forces pulling in opposite directions: a $72 million year-over-year jump in raw material costs, and a fertilizer season where farmers spent less than the company expected. What stands out is how completely AdvanSix priced its way through the cost spike, even as volume told a rougher story.
The quarter's 3% sales growth broke down into 18% favorable pricing against a 15% volume decline. Raw material pass-through pricing rose 13% as benzene and propylene costs climbed, while market-based pricing improved 5%, largely on higher plant nutrient pricing tied to sulfur input costs. That combination fully offset the $72 million raw material headwind for the quarter, and the swing looked even sharper sequentially: a $10 million net price/cost headwind in the first quarter flipped into a $39 million tailwind in the second. AdvanSix also closed out the full fertilizer year near a record for domestic granular ammonium sulfate volume, supported by progress toward a 75% ammonium sulfate granular conversion mix, with its sustained growth program generating returns above 30%.
Looking ahead, the company plans to grow ammonia sales volume 30% in 2026 against 2025's already record year, and it is applying for a USDA grant to expand ammonia capacity further. Management also pointed to a stronger cash flow picture in the back half of 2026, citing a lower capital spending run rate, working capital tailwinds from the fourth quarter fertilizer pre-buy program, and 45Q carbon capture tax credits.
The same quarter that showed pricing discipline also showed real demand strain. Plant nutrient volume came in below expectations as rising grower input costs met steady, lower crop and grain prices, squeezing farmer profitability enough to cut overall fertilizer consumption and drive a $17 million unfavorable volume impact. A planned ammonia plant turnaround, shifted into the quarter to align with a supplier's pipeline inspection, added another $4 million operational hit. Sulfur costs have been a bigger problem still. The Tampa sulfur marker closed at a record $705 per long ton in the third quarter, up from $655 in the second, and AdvanSix estimates every $100 per long ton move costs it roughly $35 million a year.
#quarter #year #pricing #sulfur
The quarter's 3% sales growth broke down into 18% favorable pricing against a 15% volume decline. Raw material pass-through pricing rose 13% as benzene and propylene costs climbed, while market-based pricing improved 5%, largely on higher plant nutrient pricing tied to sulfur input costs. That combination fully offset the $72 million raw material headwind for the quarter, and the swing looked even sharper sequentially: a $10 million net price/cost headwind in the first quarter flipped into a $39 million tailwind in the second. AdvanSix also closed out the full fertilizer year near a record for domestic granular ammonium sulfate volume, supported by progress toward a 75% ammonium sulfate granular conversion mix, with its sustained growth program generating returns above 30%.
Looking ahead, the company plans to grow ammonia sales volume 30% in 2026 against 2025's already record year, and it is applying for a USDA grant to expand ammonia capacity further. Management also pointed to a stronger cash flow picture in the back half of 2026, citing a lower capital spending run rate, working capital tailwinds from the fourth quarter fertilizer pre-buy program, and 45Q carbon capture tax credits.
The same quarter that showed pricing discipline also showed real demand strain. Plant nutrient volume came in below expectations as rising grower input costs met steady, lower crop and grain prices, squeezing farmer profitability enough to cut overall fertilizer consumption and drive a $17 million unfavorable volume impact. A planned ammonia plant turnaround, shifted into the quarter to align with a supplier's pipeline inspection, added another $4 million operational hit. Sulfur costs have been a bigger problem still. The Tampa sulfur marker closed at a record $705 per long ton in the third quarter, up from $655 in the second, and AdvanSix estimates every $100 per long ton move costs it roughly $35 million a year.
#quarter #year #pricing #sulfur
8 days ago
Low-yielding tech giants Broadcom (0.7%) and Apple (0.4%) wouldn't be the top holdings you'd expect to see in the largest dividend-focused ETF. However, they currently rank as the two largest holdings of the Vanguard Dividend Appreciation ETF (NYSEMKT: VIG), which has nearly $115 billion in ***** ets under management.
Instead of holding yield-focused stocks, the Vanguard Dividend Appreciation ETF invests in dividend growers. It aims to deliver a high total return from share price appreciation and dividend income.
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 VIG is a passively managed ETF that aims to track the performance of the S&P U.S. Dividend Growers Index. This index screens companies based on several traits. A company must be part of the U.S. stock market and have increased its dividends for at least the past decade. However, it excludes REITs (which pay non-qualified dividends) and the top 25% of companies by yield. These eliminations remove meaningful yield and risk. The index then weighs companies by market cap, meaning the largest ones are its top holdings. Given their large size and dividend growth records, Broadcom and Apple currently come out on top.
The fund's focus on dividend growth over yield is a wise strategy, given the data on stocks by their dividend policies.
#index
Instead of holding yield-focused stocks, the Vanguard Dividend Appreciation ETF invests in dividend growers. It aims to deliver a high total return from share price appreciation and dividend income.
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 VIG is a passively managed ETF that aims to track the performance of the S&P U.S. Dividend Growers Index. This index screens companies based on several traits. A company must be part of the U.S. stock market and have increased its dividends for at least the past decade. However, it excludes REITs (which pay non-qualified dividends) and the top 25% of companies by yield. These eliminations remove meaningful yield and risk. The index then weighs companies by market cap, meaning the largest ones are its top holdings. Given their large size and dividend growth records, Broadcom and Apple currently come out on top.
The fund's focus on dividend growth over yield is a wise strategy, given the data on stocks by their dividend policies.
#index
10 days ago
Amy Hunt won her third gold medal of a potential historic quadruple and Dina Asher-Smith earned a spot in the record books as Great Britain's 4x100m relay stars put on a show at the European Championships.
Britain's new sprint sensation Hunt celebrated her third ****** le in six days, following triumphs in the 100m and 200m, as the GB women's quartet claimed the hosts' second gold medal in a spectacular ending to Saturday's action in Birmingham.
The 24-year-old, who described her team-mates as "superwomen" and a "privilege to race with", will now attempt to become the first athlete to win four gold medals at a single edition in the event's 92-year history when the mixed 4x100m relay takes place on Sunday.
Team-mate Asher-Smith, meanwhile, achieved her seventh gold at the championships - 10 years after capturing her first.
With that, the 30-year-old matched the record tally also held by Norway's Jakob Ingebrigtsen and Croatian discus thrower Sandra Elkasevic.
#smith #team #Third
Britain's new sprint sensation Hunt celebrated her third ****** le in six days, following triumphs in the 100m and 200m, as the GB women's quartet claimed the hosts' second gold medal in a spectacular ending to Saturday's action in Birmingham.
The 24-year-old, who described her team-mates as "superwomen" and a "privilege to race with", will now attempt to become the first athlete to win four gold medals at a single edition in the event's 92-year history when the mixed 4x100m relay takes place on Sunday.
Team-mate Asher-Smith, meanwhile, achieved her seventh gold at the championships - 10 years after capturing her first.
With that, the 30-year-old matched the record tally also held by Norway's Jakob Ingebrigtsen and Croatian discus thrower Sandra Elkasevic.
#smith #team #Third
10 days ago
Amy Hunt won her third gold medal of a potential historic quadruple and Dina Asher-Smith earned a spot in the record books as Great Britain's 4x100m relay stars put on a show at the European Championships.
Britain's new sprint sensation Hunt celebrated her third **** le in six days, following triumphs in the 100m and 200m, as the GB women's quartet claimed the hosts second gold medal in a spectacular ending to Saturday's action in Birmingham.
The 24-year-old will now attempt to become the first athlete to win four medals at a single edition in the event's 92-year history when the mixed 4x100m relay takes place on Sunday.
Team-mate Asher-Smith, meanwhile, achieved her seventh gold at the championships - 10 years after capturing her first.
With that, the 30-year-old matched the record tally also held by Norway's Jakob Ingebrigtsen and Croatian discus thrower Sandra Elkasevic.
#record #x100m
Britain's new sprint sensation Hunt celebrated her third **** le in six days, following triumphs in the 100m and 200m, as the GB women's quartet claimed the hosts second gold medal in a spectacular ending to Saturday's action in Birmingham.
The 24-year-old will now attempt to become the first athlete to win four medals at a single edition in the event's 92-year history when the mixed 4x100m relay takes place on Sunday.
Team-mate Asher-Smith, meanwhile, achieved her seventh gold at the championships - 10 years after capturing her first.
With that, the 30-year-old matched the record tally also held by Norway's Jakob Ingebrigtsen and Croatian discus thrower Sandra Elkasevic.
#record #x100m
11 days ago
Management had named the plan exits, the Medicare margin target and the repricing date before the run began.
UnitedHealth (UNH) Group stock has climbed 65% over the past year, against 22.5% for the S&P 500, 50.6% for peer CVS and 2.4% for peer CI. The easy reading is that a difficult stretch simply ended across managed care. The operating change behind UnitedHealth's own earnings step was more specific, and management had described it, with numbers and a date attached, before the run began.
The Plan Exits Management Named A Year Ago
In late July 2025, before the run began, management said it would exit Medicare Advantage plans then serving over 600,000 members, primarily in less managed products such as PPO offerings. The company was also shifting to narrower networks in Medicare Advantage. Those are not forecasts but operating decisions with a date on them, and they meant 2026 earnings would come from a smaller Medicare book, not a bigger one.
The Margin Target And The Repricing Date Were Public Too
#date #named #Margin
UnitedHealth (UNH) Group stock has climbed 65% over the past year, against 22.5% for the S&P 500, 50.6% for peer CVS and 2.4% for peer CI. The easy reading is that a difficult stretch simply ended across managed care. The operating change behind UnitedHealth's own earnings step was more specific, and management had described it, with numbers and a date attached, before the run began.
The Plan Exits Management Named A Year Ago
In late July 2025, before the run began, management said it would exit Medicare Advantage plans then serving over 600,000 members, primarily in less managed products such as PPO offerings. The company was also shifting to narrower networks in Medicare Advantage. Those are not forecasts but operating decisions with a date on them, and they meant 2026 earnings would come from a smaller Medicare book, not a bigger one.
The Margin Target And The Repricing Date Were Public Too
#date #named #Margin
11 days ago
Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Net ****** et Value (NAV) increased 4% to $12.52 per share, driven by a meaningful recovery in loan prices and CLO valuations following first-quarter volatility.
Management attributed the early-year market pressure to concerns regarding AI's impact on software borrowers and geopolitical developments, rather than a broad deterioration in credit fundamentals.
The company realized convexity gains sooner than anticipated due to elevated refinancing, reset, and call activity, which triggered early repayments of CLO debt investments purchased at discounts.
Active portfolio management involved rotating capital away from underperforming CLO collateral managers toward higher-conviction opportunities in CLOs and private credit.
#credit #value #analysts
Net ****** et Value (NAV) increased 4% to $12.52 per share, driven by a meaningful recovery in loan prices and CLO valuations following first-quarter volatility.
Management attributed the early-year market pressure to concerns regarding AI's impact on software borrowers and geopolitical developments, rather than a broad deterioration in credit fundamentals.
The company realized convexity gains sooner than anticipated due to elevated refinancing, reset, and call activity, which triggered early repayments of CLO debt investments purchased at discounts.
Active portfolio management involved rotating capital away from underperforming CLO collateral managers toward higher-conviction opportunities in CLOs and private credit.
#credit #value #analysts
11 days ago
Radian Group (NYSE:RDN) delivered its Q2 2026 earnings on August 6, and the numbers marked a turning point. Total revenue jumped 93% year-over-year to $575 million, while net earned premiums more than doubled to $504 million, as the company's first full quarter with newly acquired specialty insurer Inigo showed up in the results. Book value per share climbed 8.5% to $36. With a forward P/E of just 7.19, the market doesn't seem convinced the growth will stick.
Radian's legacy mortgage insurance operation kept humming along on its own. New insurance written rose 14% year-over-year to $16.3 billion, and persistency held at 82%, pushing primary insurance in force to a record $284 billion. About half of that portfolio carries a mortgage rate of 5.5% or lower, so those borrowers have little reason to refinance away, which supports future premium income. Credit quality kept improving too. New defaults fell 9% from the prior quarter to roughly 12,400, and cures kept outpacing new defaults, dropping the portfolio default rate to 2.47%. That trend produced $20 million of favorable reserve development in the quarter, while the mortgage segment's expense ratio improved to 23% from 25% a year earlier.
The Inigo deal changed Radian's shape almost overnight. Specialty insurance now makes up roughly 50% of total revenue and 53% of net premiums earned, giving Radian a second, meaningfully sized engine. Capital returns kept flowing at the same time. Radian repurchased $76 million of stock in the quarter and about $50 million more so far in the third quarter, pushing year-to-date buybacks to $176 million, while Radian Guaranty sent a $200 million dividend up to the parent company.
The newly acquired specialty business is running into a tougher market. Management said competition is intensifying in property insurance and reinsurance and that rates continue to soften, a cyclical dynamic it says it expected when it underwrote the Inigo deal. The segment's net combined ratio came in at 98% for the quarter and 93% for the first half of 2026, elevated in part because Radian set aside reserves tied to the ongoing conflict in the Middle East, covering both expected and potential claims plus updated inflation **** umptions across the insured portfolio. Management now expects a combined ratio in the low 90s going forward as softer pricing works its way into results, versus the high 80s it had been tracking toward before the reserve charge. Radian is also mid-transition at the top, with CEO-elect Mike Weinbach set to take over from longtime CEO Rick Thornberry, and it still had $75 million outstanding on its revolving credit facility at quarter-end.
#million #quarter #specialty #Portfolio
Radian's legacy mortgage insurance operation kept humming along on its own. New insurance written rose 14% year-over-year to $16.3 billion, and persistency held at 82%, pushing primary insurance in force to a record $284 billion. About half of that portfolio carries a mortgage rate of 5.5% or lower, so those borrowers have little reason to refinance away, which supports future premium income. Credit quality kept improving too. New defaults fell 9% from the prior quarter to roughly 12,400, and cures kept outpacing new defaults, dropping the portfolio default rate to 2.47%. That trend produced $20 million of favorable reserve development in the quarter, while the mortgage segment's expense ratio improved to 23% from 25% a year earlier.
The Inigo deal changed Radian's shape almost overnight. Specialty insurance now makes up roughly 50% of total revenue and 53% of net premiums earned, giving Radian a second, meaningfully sized engine. Capital returns kept flowing at the same time. Radian repurchased $76 million of stock in the quarter and about $50 million more so far in the third quarter, pushing year-to-date buybacks to $176 million, while Radian Guaranty sent a $200 million dividend up to the parent company.
The newly acquired specialty business is running into a tougher market. Management said competition is intensifying in property insurance and reinsurance and that rates continue to soften, a cyclical dynamic it says it expected when it underwrote the Inigo deal. The segment's net combined ratio came in at 98% for the quarter and 93% for the first half of 2026, elevated in part because Radian set aside reserves tied to the ongoing conflict in the Middle East, covering both expected and potential claims plus updated inflation **** umptions across the insured portfolio. Management now expects a combined ratio in the low 90s going forward as softer pricing works its way into results, versus the high 80s it had been tracking toward before the reserve charge. Radian is also mid-transition at the top, with CEO-elect Mike Weinbach set to take over from longtime CEO Rick Thornberry, and it still had $75 million outstanding on its revolving credit facility at quarter-end.
#million #quarter #specialty #Portfolio
