Why is MSG Sports splitting the Knicks and the Rangers? MSGS has long been pegged as having a "Dolan discount" for the stock trading at a steep discount to its enterprise value. MSGS' current EV is $9.6 billion, a 29% discount to the $13.5 billion combined total from Sportico's most recent valuations of the Knicks at $9.85 billion and the Rangers at $3.65 billion. The reality is that sports teams have historically traded at a discount to what they might fetch in a private transaction. The Boston Celtics and Cleveland Indians—now Guardians—both traded at steep discounts before they went private.
This article originally appeared on Hoops Hype: The reality is that sports teams have historically …

#billion #knicks #rangers #steep

Chip stocks rallied Thursday, with the PHLX Semiconductor Sector nearing a new bull market.
Bank of America ***** ysts expect faster growth in the AI server chip market.
Nvidia, a key player in AI, is close to its May highs and reports earnings on Aug. 26.
After a steep July sell-off, investors are chipping in again.
Chip stocks were some of the biggest gainers in the S&P 500 and Nasdaq Thursday, a day when markets rose broadly. Shares of SanDisk (SNDK) popped 14%, while Micron Technology (MU) jumped 4% and Arm (ARM) added close to 3%. Intel (INTC) and Qualcomm (QCOM) also climbed, driving the PHLX Semiconductor Sector (SOX) up 0.5%.

#phlx

U.S. consumer sentiment fell about 8% in August, snapping two consecutive months of improvement as worries about inflation linked to the Middle East conflict weighed on households.
The University of Michigan's Index of Consumer Sentiment came in at 51.0 for August, down from 55.2 in July, a month-over-month decline of 7.6%. Economists surveyed by Reuters had forecast a reading of 54.5. A Bloomberg survey of economists had projected 55.
The decline was broad-based. While views of personal finances saw only minor changes, expected business conditions sank 11% for the short run and 17% for the long run, according to the survey. The Index of Consumer Expectations fell to 50.6 from 55.4, and the Current Economic Conditions Index dropped to 51.8 from 54.8.
Joanne Hsu, director of the University of Michigan Surveys of Consumers, said sentiment fell across the political spectrum, with Republicans recording the steepest month-to-month drop. "Sentiment among Republicans is now 19% below readings just prior to the Iran conflict and the lowest since the 2024 election," Hsu said in a statement. Notably large declines were also recorded among older consumers, lower-income consumers, and those without a college degree — groups Hsu described as particularly vulnerable to any erosion of purchasing power from inflation.
Year-ahead inflation expectations rose to 4.3% from 4.2% in July, topping the 3.4% reading recorded in February, just before the Iran conflict erupted, and coming in above every 2024 reading as well. Consumers' five-to-ten-year inflation outlook remained anchored at 3.3%, unchanged for the third consecutive month. Only 8% of consumers expect their income growth to outpace inflation in the year ahead, down from 18% in December 2024.

#index #year

JPMorgan turned bullish on CRM after a 20% monthly surge; our $276 price target implies 37% upside from current levels.
Salesforce trades at a steep discount to MSFT and NOW despite Agentforce ARR surging 205% year-over-year to $1.2 billion.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Salesforce didn't make the cut. Grab the names FREE today.
Salesforce (NYSE:CRM) has caught a bid after spending most of 2026 in the penalty box, ripping 7.82% in the past week and 20.18% in the past month. JPMorgan turned constructive on the name as Agentforce monetization comes into focus.
Our 24/7 Wall St. price target for Salesforce is $275.88, implying roughly 37% upside from the current $201.37. Our model output flags the setup as constructive with high confidence.

#jpmorgan #upside

Five 17-year-old friends were killed when their vehicle plunged off a cliff and down a steep Colorado hillside, leaving their families and community grappling with an unimaginable loss just as a new school year begins.
The five boys, all from Grand Junction, were traveling along Lookout Lane late Saturday when their vehicle veered off the roadway and went down the steep incline, according to authorities.
Three of the teenagers, including the driver and front-seat passenger, were wearing seat belts, while the other two were not buckled in and were ejected from the vehicle, the Mesa County Coroner's Office said.
Silicon Valley Developer Accused Of Murder After Investigators Say Tesla Reached 142 Mph Before Fatal Crash
Grand Junction police and fire crews responded near Lookout Lane after a vehicle plunged down a steep hillside, killing five 17-year-old boys.

#lookout

Coupang Inc. (NYSE:CPNG) reported results on August 4 for the quarter ended June 30, and its two headline numbers point in opposite directions. Net revenues rose 4% year over year to $8.9 billion, or 10% on a constant currency basis, while the company swung to an operating loss of $556 million from a profit a year earlier. Roughly $410 million of that came from administrative fines in South Korea, but even excluding the fines, operating results still fell $295 million short of last year. Growth and profitability moved apart this quarter, and that split now defines the stock's story.
Coupang's newer businesses are growing much faster than its core marketplace. The Developing Offerings segment posted net revenues of $1.4 billion, up 20% year-over-year on a reported basis and 24% on a constant currency basis, and its adjusted EBITDA loss narrowed by $16 million from a year ago, a sign those newer bets are moving toward breakeven rather than away from it. Product Commerce, the core retail and grocery business, still added customers, with active customers reaching 24.7 million, up 3% year over year.
That growth is coming from a strategy built around proprietary logistics rather than a marketplace model borrowed from elsewhere. Coupang runs its own end-to-end infrastructure for its Rocket Fresh grocery service and has pushed into luxury goods through its Farfetch acquisition, layering new categories onto the fast delivery network it already built across South Korea and Taiwan. The company also generated $34.5 billion in revenue for 2025, up roughly 14% from the prior year, a reminder that the growth story predates this particular quarter.
The damage was not confined to the fines. Gross profit fell 3% year-over-year to $2.5 billion, and gross margin slipped 188 basis points to 28.2%. Inside Product Commerce, adjusted EBITDA fell $281 million from last year to $382 million, with margin down 390 basis points to 5.1%. Company-wide adjusted EBITDA margin came in at just 1.8%, down 318 basis points, so even the version of profitability that strips out one-time items is shrinking.
Cash generation is thinning too. Trailing twelve-month operating cash flow fell $484 million to $1.4 billion, and free cash flow dropped to just $105 million, down $679 million from a year earlier. That is a steep decline for a company that still spent $459 million buying back 23.2 million shares during the quarter. Coupang's profitability has historically run thin even in good years, with 2025 net income of about $208 million translating to a net margin near 0.6%, while stock-based compensation made up roughly 26.8% of operating cash flow that year.

#billion

Sandisk (SNDK) has taken a sharp hit after an extraordinary rally, falling 47% from its 52-week high and declining roughly 34% over the past month. Several factors are behind the recent weakness. After a steep run-up, profit-taking was inevitable, but investor concerns have also shifted toward the broader memory chip market.
Sandisk provides data storage devices and solutions based on NAND flash technology. The company is benefiting from growing demand for storage across AI workloads, data centers, edge computing, and consumer applications. Further, higher average selling prices have significantly boosted its revenue and earnings.
Don't ***** ume Micron Will Share SanDisk's Fate. Here's Why.
The Nvidia-SpaceX Deal Is Sending a Clear Signal on AI Dominance
Rocket Lab Investors Have Plenty to Cheer Ahead of Q2 Earnings Today

#earnings #storage #several #nand

During the August 6 episode of Mad Money, a caller asked host Jim Cramer about Honeywell Aerospace Inc. (NASDAQ:HONA) following a steep, near 28% collapse in the stock between August 4 and August 6. Cramer revealed that the Charitable Trust immediately unloaded the position at the opening bell. He stated:
It really hurt us. Both Phil LeBeau and I were stunned. Phil said three times that they could've told us that things were bad. I called the management, and I said, management called me back, and said, look, I said, listen, I think it's a very suboptimal situation.
I really don't like the situation. I think that the company should have been much more forthcoming. I think it was a rookie mistake. We sold the stock at the opening for the Charitable Trust. It is a great company, but man, they are not ready for prime time, and it was very disappointing.
The sudden plunge caught institutional investors and **** ysts off guard, landing the newly minted standalone company in Wall Street's penalty box. Honeywell Aerospace Inc. (NASDAQ:HONA) watched its shares implode after management slashed its full-year outlook following the second-quarter results.
The core catalyst behind the selloff was a severe downgrade to the corporate financial roadmap. Management aligned full-year forecasts with supply-chain capabilities, scaling back expectations across some major financial metrics. Organic growth guidance was reduced to a range of 4% to 5%, compared to previous guidance of 7% to 9%. Pro forma standalone adjusted EBIT was lowered to a range of $4.35 billion to $4.45 billion, down from earlier projections of $4.65 billion to $4.75 billion. In addition, year-over-year adjusted EBIT growth was revised to a range of flat to 3%, down from prior guidance of 7% to 10%. Persistent supply-chain constraints forced the company to prioritize original equipment manufacturer deliveries to major planemakers like Boeing and Airbus. As a result, production was diverted away from higher-revenue, higher-margin aftermarket operations, squeezing profitability right out of the gate as an independent entity.

#management #guidance #range #cramer

Constellation Energy (CEG) is turning its nuclear fleet into something rare in the power business. It has locked in decades of demand ahead of time. On its latest earnings call, the company said most of its generation output is now contracted through 2050 and beyond. For a sector where revenue usually swings with volatile wholesale prices, that kind of visibility is almost unheard of. It also comes at a time when artificial intelligence is driving the steepest jump in electricity demand in a generation.
The second quarter showed the strategy in motion. Constellation signed 920 megawatts of new long-term nuclear power agreements. These contracts run 15 to 20 years and start delivering power between 2029 and 2032. Among them is a 176-megawatt Walmart (WMT) deal, split across two 15-year contracts, that will help fund an expansion at the Dresden plant in Illinois. These sit on top of earlier 20-year agreements with Microsoft (MSFT) and Meta (META), tying some of the world's largest firms to Constellation's output well into the 2040s.
What Was Driving Markets Early Monday Morning?
Vistra Corp (VST) Stock's Underperformance Could Open Up a Contrarian Options Trade
Crude Prices Soar as Middle East Tensions Curb Global Oil Supplies

#power #constellation #nuclear #generation

This week, I go 1-on-1 with the Host of Brewers Daily, David Gasper, to get the Milwaukee perspective on the most impactful deal the Cardinals made at the deadline in 2026, sending away Dustin May and JoJo Romero for Alexander Frias and Josiah Ragsdale.
We talk about the Tarik Skubal impact on the move, the seemingly steep price paid for a pair of rental pitchers, and what the Cardinals are getting in their two new young outfielders with loud tools and promising upside. This abbreviated edition of the podcast will bring you a great alternative perspective and perhaps validate a lot of what has been said on this forum already: the Cardinals did well on deadline day.
Spotify:
YouTube:
Transcript:

#deadline #daily #david #gasper

Micron Technology (NASDAQ:MU) has experienced strong AI-driven demand through 2026, helping offset its historical exposure to cyclical market downturns. Earlier, on July 16, Micron completed Strategic Customer Agreements with a group of automotive Tier 1 suppliers, a smaller but telling sign that its customer relationships are stretching longer and becoming more predictable across more than one industry.
The automotive agreements, completed with Qualcomm, Visteon, HARMAN, JOYNEXT, DENSO, Astemo and Hyundai Mobis, give Micron greater visibility into future memory and storage orders as vehicles add more advanced driver ******* istance and in-cabin computing power. Automotive platforms carry long production lifecycles and strict qualification standards, so locking in supply and pricing years ahead reduces the kind of order volatility that has hurt Micron during past downturns.
The bigger driver remains AI. Amazon (NASDAQ:AMZN) has lifted its 2026 outlay target to $220 billion, and Alphabet (NASDAQ:GOOGL) plans a $200 billion budget of its own, money that keeps flowing toward the memory chips inside AI servers. That demand already shows up in the numbers. In the nine months ended May 28, the first three quarters of fiscal 2026, Micron's revenue reached $79 billion, a 203% jump from the same stretch a year earlier, while net income hit $47 billion, a 60% net margin, versus just $5 billion the year before. ******* ysts expect revenue to grow 247% this fiscal year and another 85% in fiscal 2027, and Micron has pushed customers toward five-year price agreements instead of the one-year contracts that once left it exposed to sudden price swings.
Micron's stock climbed nearly 690% over the twelve months before peaking in June, then fell about 30% since, a pullback that reflects investors growing less willing to pay up for growth rather than any clear deterioration in the business. Some of that hesitation is historical memory. Memory chip supply has caught up with, and usually exceeded, demand in every prior upcycle, and when it has, prices and profits have reversed just as sharply as they rose. Competition adds to the risk. Beyond longtime rivals Samsung and SK Hynix, the Chinese firm ChangXin Memory Technologies could start turning out high-bandwidth memory before this year is out, a development that may chip away at the pricing power Micron currently enjoys. Early investors locking in gains after such a steep run have added to the selling as well.

#memory

Gary Cordery, who owns a contracting company, won the Republican nomination for Hawaii governor after defeating business owner Ken Fujiyama in Saturday's primary.
He is now set to face Democratic Gov. Josh Green in November in a race that heavily favors the incumbent. The Cook Political Report rates the contest as Solid Democratic, with a Partisan Voting Index of D+13.
Cordery faces a steep challenge: Hawaii has not had a Republican governor since Linda Lingle left office in 2010.
Former Top Oregon Gop Official Secures Nomination For Governor As Republicans Target Blue-state Pickup
Businessman Gary Cordery is a Republican candidate for governor in the 2026 Hawaii gubernatorial election.

#cordery #republican #gary #josh

Como have officially signed Trevoh Chalobah from Chelsea for a reported fee of €30m plus add-ons. 'It's an ambitious, rising project, and working with manager Cesc Fabregas again is truly special.'
The negotiations had been dragging on for quite a few weeks, including a period where Como backed out in a pact of non-aggression with Inter.
However, when the Nerazzurri decided the asking price of €30m plus add-ons was too steep, they walked away from the table and left it to Como.
ATLANTA, GEORGIA – JULY 01: Trevoh Chalobah #12 of England arrives at the stadium before the FIFA World Cup 2026 Round Of 32 match between England and Congo DR at Atlanta Stadium on July 01, 2026 in Atlanta, Georgia. (Photo by Richard Pelham/Getty Images)
Chalobah arrived in Italy on Wednesday for his medical tests, but the transfer was only made official today.

#como #chalobah #plus

Trading in ETFs has exploded over the past few years, as a new generation of investors has come to the market and the number of funds has multiplied, offering exposure to just about every strategy imaginable.

What's interesting, though, is that the most actively traded ETFs aren't necessarily the biggest. Case in point is the Vanguard S&P 500 ETF (VOO). It's the only fund to cross $1 trillion in ******* ets, yet it barely makes the top 10 in terms of daily dollar volume.

The fund that dominates trading is the SPDR S&P 500 ETF Trust (SPY), which tracks the same index and was the largest ETF in the world for decades until VOO overtook it in 2025. It remains the runaway leader in activity, with almost $30 billion of the fund changing hands on Thursday.

The Invesco QQQ Trust (QQQ), which follows the tech-heavy Nasdaq-100, is a juggernaut in its own right, with nearly $24 billion in dollar volume.
After QQQ there is a steep drop off, though tech remains popular. The Direxion Daily Semiconductor Bull 3X Shares (SOXL) was the third most actively traded fund, with $7.6 billion changing hands.

That is an enormous figure for a fund with only $22.5 billion in ******* ets, a sign that SOXL is a trading vehicle above all else. The same is true of the ProShares UltraPro QQQ (TQQQ), which traded $4.4 billion.

SOXL and TQQQ are leveraged instruments that traders use to get amplified exposure to tech, and to the AI trade in particular. But plenty of activity went into unleveraged semiconductor funds as well.

The iShares Semiconductor ETF (SOXX) and the VanEck Semiconductor ETF (SMH) each traded roughly $4 billion. The two funds track the chip stocks that have benefited most from the AI boom.

The bearish versions drew heavy volume too, with the Direxion Daily Semiconductor Bear 3X Shares (SOXS) and the ProShares UltraPro Short QQQ (SQQQ) both landing in the top 20.

The chip theme extended overseas. The iShares MSCI South Korea ETF (EWY) traded $2.9 billion, and the Roundhill Memory ETF (DRAM), which is heavily weighted toward Korean names, traded $2.8 billion. Both cracked the top 15, a reflection of how central Korean memory makers have become to the AI story.
Outside of tech, the iShares Russell 2000 ETF (IWM) stood out with $4.9 billion, far and away the most actively traded small-cap fund. Small caps have had a strong year, rising 23% against 14% for large caps.

On the fixed income side, the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), at $3.4 billion, and the iShares 20+ Year Treasury Bond ETF (TLT), at $2.3 billion, drew the most activity. Bonds have performed poorly this year amid expectations that the Federal Reserve could raise rates to fight resurgent inflation.

Gold remained a draw as well. The SPDR Gold Shares (GLD), with $4.3 billion, and the VanEck Gold Miners ETF (GDX), with $2.1 billion, both made the list, even though the metal has had a fairly tepid year.

A more surprising entrant in the top 20

Ondo Finance's derivatives platform has raced past $7 billion in **** ulative trading volume, according to data from **** ytics site DefiLlama, a fast climb for a product that only recently opened to the public.
DefiLlama's figures put Ondo Perps at about $7.03 billion in **** ulative perpetuals volume, with roughly $200 million traded in the past 24 hours and around $69 million in open interest, the total value of positions currently held on the platform.
The platform's volume has risen steeply since the spring, DefiLlama's chart shows, with the sharpest gains coming in the weeks through early August.
Related: Ondo Perps unlocks tokenized gold and silver for perpetual trading
According to Ondo, more than $5 billion of that total has been traded since public access went live, which the company says tops any other real-world-asset perps platform in its first month, citing the same DefiLlama data. Ondo called it the fastest start in the category's history.

#ondo #billion #cumulative #trading

Courts have blocked President Donald Trump's earlier attempts to use existing laws for his trade war, but Congress is advancing a new law that would provide broad discretion to impose steep tariffs.
In an 86-to-11 vote, the Senate passed the Lindsey O. Graham Sanctioning Russia Act of 2026 on Friday, with the House expected to approve the bill with similar bipartisan support next month.
It sanctions Russian President Vladimir Putin and senior Kremlin officials while also targeting the country's energy sector to cripple the economy amid its war on Ukraine.
The bill would let Trump impose fresh tariffs as high as 100% on the top five importers of Russian oil and gas. While that could include U.S. allies like the European Union, South Korea, ******* an as well as top trading partners like China and India, the president also has the ability to issue waivers if he deems it "in the national interest of the United States."
Despite the overwhelming support, Sens. Rand Paul, R-Ky., and Ron Wyden, D-Ore., tried to remove the bill's tariff authority, but failed.

#russian #bill #like #courts

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.
Management lowered full-year core FFO guidance primarily due to an upward shift in the forward SOFR curve, which reduced projected swap inflows by approximately $14.6 million.
Performance attribution is highly concentrated, with the Nashville market accounting for roughly 85% of the total same-store NOI reduction due to soft revenue and steep expense growth.
Operational efficiency improved through a centralized model and technology platform, leading to a 140 basis point reduction in the full-year same-store expense growth outlook.
The portfolio is benefiting from a significant affordability gap in the housing market, with the premium to own versus rent at 44% compared to a 17% long-run average.

#full #year #store #Growth

AMD's Data Center revenue doubled to $6.7B in Q2, supporting a BUY call and $640 price target implying 23% upside.
AMD trades at a steep 66x forward P/E versus NVIDIA's 23x, but dominates Intel with a 27% operating margin against Intel's negative EPS.
Anthropic, OpenAI, and Microsoft have committed gigawatts of MI450 GPU capacity, locking in AMD's H2 2026 revenue ramp through named hyperscaler contracts.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and AMD didn't make the cut. Grab the names FREE today.
AMD (NASDAQ:AMD) posted Q2 revenue growth of 50.11% to $11.536 billion, with Data Center more than doubling, yet a Reddit thread **** led "AMD's revenue climbs 50% and data center sales doubled, but the stock is down" captured retail confusion. That gap between fundamentals and price action is where our model finds an edge.

#Intel

In this segment of the AI Investor Podcast from 24/7 Wall St., Eric Bleeker reviews Lam Research, a semiconductor equipment holding originally recommended to the million dollar AI portfolio he manages as part of a collection of memory-adjacent stocks. The quarter itself was solid: $1.82 in EPS against $1.70 expected, with the standout being guidance of $2.15 for next quarter versus a street estimate of $1.84. The stock jumped about 20% the next morning, though Bleeker attributes most of that to how far it had fallen during July's selloff rather than to the results, which he characterizes as good but not spectacular.His hesitation is valuation. Against a full-year estimate of $9.40, the shares trade a bit above 30 times forward earnings, which he considers the upper end of the historical range. He is not planning to add more with other opportunities across the market after a steep July sell-off. The broader read on semiconductor equipment is more bullish. Taiwan Semiconductor raised capex, Intel sounded optimistic on capex needs, and Bleeker guesses 2028 equipment spending could come in roughly 25% above where Wall Street currently models it. He is particularly interested in advanced packaging and testing, sub-verticals growing faster than the overall **** e. Lam remains a core long-term holding and, in his view, among the best operators in semi equipment.

#bleeker #semiconductor #above

A rush to beat Labour's death tax has triggered a boom in life insurance sales.
Unused pension savings and death benefits will be subject to inheritance tax from April next year.
The changes, announced by Rachel Reeves, the former chancellor, in her 2024 Budget, have already triggered a rush of people looking for ways to cover the steep tax bills their pensions could now leave behind.
Barry O'Dwyer, the chief executive of Royal London, Britain's biggest life and pensions mutual, said more customers were looking to take out life insurance specifically to offset the liability.
"It doesn't take that much, if you're a small-business owner and you have a pension pot built up, to be tipped over the thresholds," Mr O'Dwyer said.

#life #insurance

Bloom Energy (NYSE: BE) has lost about 37% of its value since hitting an all-time high just a few weeks ago. It was trading at around $345 a share then -- and it's at about $218 now.
Normally, a steep decline of that caliber would tell you something went wrong with Bloom's business. In the case of the hydrogen stock, however, the opposite is the case.
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 »
Indeed, the company's most recent earnings report was arguably its strongest yet. Bloom raked in over $1 billion in revenue, marking its first billion-dollar quarter in company history, and both margins and profitability improved significantly. To top it off, management raised 2026 revenue guidance (again) into the range of $3.9 billion to $4.2 billion.
What's more, Wall Street expects Bloom's revenue to more than triple over the next two years, as the artificial intelligence (AI) boom will likely fuel stronger demand for its solid oxide fuel cell systems.

#bloom

Micron Technology (MU) shares dropped in late July when a Chinese rival's stock market debut instantly minted one of the country's most valuable companies.
Investors read it as a warning sign for the world's AI memory leaders. Bank of America read the same headlines and reached the opposite conclusion.
On August 3, BofA ***** yst Vivek Arya reiterated his Buy rating on Micron and held his price objective at $1,550, implying steep upside from current levels, according to a BofA Research note. Shares climbed as much as 8.3% that day.
That anxiety is understandable on the surface. CXMT, formally ChangXin Memory Technologies, held just 8% of the global DRAM market as of the second quarter, compared with Micron's 22%, according to Counterpoint Research data cited by CNBC. But the company is scaling capacity at a pace few Western chipmakers have managed.
Related: Bank of America doubles down on Micron stock price for 2026

#bofa

A 9-3 FOMC split on holding rates at 3.75% triggered bear steepening, dollar weakness, and rising breakevens, which are classic emerging-market credibility-shock signals.
The 10-year Treasury yield surged to a 12-month high of 4.75% as the 10Y-2Y spread nearly doubled to 0.47 points.
Warsh is weighing cutting scheduled FOMC meetings below 8 per year, a shift that could amplify volatility between decisions.
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Bank of America is warning that Federal Reserve Chair Kevin Warsh faces an emerging-market-style "credibility shock" following the FOMC's latest split decision, according to a note highlighted by Bloomberg's Joe Weisenthal. The committee voted 9-3 to hold policy steady, keeping the fed funds upper bound at 3.75%, where it has remained for nearly eight months since December 11, 2025. The three dissents rattled traders.

#split #market #year #nearly

SpaceX (SPCX) will see roughly 900 million shares held by employees and early investors unlock on Thursday, adding to the volatility in the stock that has fallen well below its IPO price of $135.
And while it doesn't mean the market will immediately be flooded with hundreds of millions of shares, it adds to Wall Street's concerns. **** eX stock rose in early trading after steep declines following its earnings Tuesday.
On the AI front (GOOG, GOOGL) on Wednesday announced it is shaking up its AI leadership.
Google said DeepMind CEO Demis Hassabis is transitioning to a new role as chair of DeepMind and chief scientist for all of Alphabet. DeepMind CTO and Google chief AI architect Koray Kavukcuoglu will become senior vice president for DeepMind and report directly to Alphabet CEO Sundar Pichai.
The company is also losing chief scientist Jeff Dean, who is founding a new company called Discovery Loop with Google senior fellow Sanjay Ghemawat.

#deepmind #chief #SpaceX #early

The U.S. dollar starts the day as traders focus on a series of major U.S. economic announcements that may influence expectations on the Federal Reserve's future policy. Following the Federal Reserve's recent announcement to leave their benchmark rate at 3.50% – 3.75%, traders will ****** yze today's JOLTS job openings, factory orders, and the ISM Services PMI, followed by the ADP private payrolls and the highly anticipated U.S. Nonfarm Payrolls report.
These upcoming economic releases will provide the first substantial evidence of if the U.S. economic calendar is starting to fade after recent indications of moderation within the U.S. labor market. Kevin Warsh, formerly of the Federal Reserve, said during the week that decisions from the Fed would remain data-dependent. While this has been the case, market participants have discussed if unemployment numbers that do not meet expectations may help alter the Fed's policy for this year. Reuters also noted the sensitivity of Treasury yields and the dollar to what the Fed calls "macro data."
The euro has support after last week's announcement from the European Central Bank. They stated that they would leave their deposit rate at 2.25%, and that they would continue their cautious, meeting-by-meeting approach. Traders have their eyes on euro zone retail sales and Germany's factory orders to signal the first signs of stabilization of domestic demand, all while ECB policymakers still insist that inflation is close to their 2% target.
Sterling still reflects last week's Bank of England decision to leave the coin at 3.75%. This week's UK services PMI, labor market, and activity data will show market participants what the British economy looks like as policymakers decide how to balance economic growth that is slowing with the danger of inflation continuing.
The US Dollar Index (DXY) is trading at 100.05. After last week's steep drop, this confirms efforts to reestablish a trading range. From the daily chart, the DXY has found support from a long-term ascending trendline that has guided price action since February. DXY buyers have defended the 99.48 horizontal support and prevented price action from weakening even further.

#traders #data

In the wee hours of the morning, the Mets reportedly completed a trade sending right-handed reliever Huascar Brazobán to the Chicago White Sox for a pair of minor league pitchers, Gabe Davis and Zach Franklin.
Brazobán's path to the majors was not a traditional one, as he was drafted in 2011 and toiled in the minor leagues for nine years, with a four year detour to the International League, before finally making the bigs in 2023 as a member of the Miami Marlins. As part of their trade deadline in 2024, the Mets sent Wilfredo Lara to the Fish for Brazobán's services. Although 2024 was not a great season for Brazobán, 2025 and 2026 have both been highly effective. 2026 has been easily his best year in professional baseball thus far, putting up a 162 ERA+, a 2.56 ERA, and a 2.13 K/BB ratio.
The knock on Brazobán, and the likely reason the Mets moved a reliever with three years of team control, is his age. Brazobán is entering his age 37 season in 2027, and with reliever volatility and the general aging curve of baseball, each subsequent season from now on seemed to be more of a roll of a the dice than usual.
The return includes Gabe Davis, Chicago's fifth round draft pick in 2025, currently ranked as the White Sox 18th best prospect via MLB Pipeline and 20th per Baseball America. Davis is a tall (6'9") drink of water who couldn't harness his raw stuff at Oklahoma State. Davis dominated High-A ball in eight starts, but struggled since his Double-A call up. Here is what our friends at South Side Sox had to say about Davis:
…The right-hander's stuff is extremely interesting. His fastball sits 94–97 mph and touches 100, thrown from a massive frame that naturally creates steep plane. The velocity doesn't always overpower hitters the way the number on the scoreboard suggests, but the pitch still flashes plenty of life. Davis' best weapon is a tight, upper-80s power slider. A pitch that can reach 92 mph and serves as a legitimate wipeout offering when he's synced up. He can morph it into a harder cutter and mixes in an occasional mid-80s changeup with promising fade, though the change remains his least reliable pitch.

#brazob #METS #pitch #white

The New York Yankees have been without Aaron Judge and Giancarlo Stanton for a while due to injuries, but they finally replaced that gaping hole in their lineup by acquiring Luis Garcia Jr. from the Washington Nationals on Sunday.
Garcia is enjoying his best season yet at age 26, batting .283/.313/.560 and leading the National League in slugging percentage. He's also already set career highs with 23 home runs and 76 RBI.
If he stays healthy, the left-handed slugger should be able to reach 30 homers and 100 RBI this year, especially now that he calls Yankee Stadium home. He's also under team control through next year, so he isn't a rental.
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The Yankees paid a steep price for Garcia, however, sending right-handed pitchers Yovanny Cruz, Jake Bird, Jack Cebert, and Ben Grable to the Nationals.

#yankees #nationals #Baseball #aaron

LOS ANGELES — Dave Roberts never feels good after getting swept, but Sunday might have been an exception. How else can you really feel less than 24 hours after finding out the your team just traded for Tarik Skubal?
"That's a silver lining, I guess," Roberts said after the Los Angeles Dodgers' 8-4 loss to the Boston Red Sox.
Moments after Saturday's 3-2 loss, ESPN's Jeff Passan dropped his biggest bomb of the trade deadline: the Dodgers were acquiring Skubal from the Detroit Tigers in exchange for outfielder Zyhir Hope and right-handed pitchers River Ryan and Brady Smith. The price was steep — Hope and Ryan are MLB Pipeline's No. 25- and 68-ranked prospects, while Smith was No. 17 on the Dodgers' top 30 prospects list — but not one that president of baseball operations couldn't afford.
And after spending almost all of July downplaying his pursuit of the reigning back-to-back American League Cy Young winner, Dodgers president of baseball operations Andrew Friedman said negotiations started picking up on Friday before he eventually pulled the trigger on Saturday night, adding the best pitcher in baseball to a rotation that (when healthy) consists of 2025 World Series MVP Yoshinobu Yamamoto, two-time Cy Young winner Blake Snell, Tyler Glasnow and Shohei Ohtani.

#roberts #ryan

The uranium fund's history of deep dives offers a tough lesson for anyone tempted by the current discount.
Of the 15 times the Global X Uranium ETF (URA) has taken a steep dive since 2010, 14 are old enough to have a full twelve-month track record, and only 6 of those 14 episodes ended with a positive return. With the fund now sitting about 36% below its 52-week high, you are likely looking at that loss and asking a simple question: is this a bargain, or a warning sign?
For some funds, a dip is a gift. For others, it is a trap. The difference often comes down to what the fund holds. A broad, diversified basket is generally thought to recover more reliably from drawdowns. A concentrated, single-theme fund carries no such ****** umption, it can stay underwater for years if its theme falls out of favor. URA's own history suggests buying its dips is far from a sure thing.
A History of Hard Knocks
When URA has fallen this hard in the past, the typical outcome over the following year was not a rebound. The median return in the twelve months after a dip was negative 4%. While some episodes paid off handsomely, the range of outcomes was wide, from a one-year loss of 47% to a gain of 126%.

#uranium #theme

The Eagles have waived defensive end Ta'Quon Graham, the team announced on Sunday.
Waiving Graham opens a spot on Philadelphia's 90-man roster, so the Eagles will likely add another player soon.
Graham, who was buried low on the Eagles' defensive line depth chart, was a long shot to make Philadelphia's 53-man roster. He joined the Eagles' practice squad last season and re-signed with the team in March, but with the Eagles having a deep defensive line unit, the chances of him making the roster was always steep.
Graham previously spent five seasons with the Atlanta Falcons, finishing with 88 tackles and one sack in 51 games. He started 16 of those 51 appearances, carving out a decent career as a former fifth-round pick.
The Eagles will have tougher decisions to make later this summer on roster cutdown day. Letting go of Graham is just one of many moves that will be made over the next month.

#roster #defensive #team #line