7 hours ago
CMA CGM posted impressive Q2 earnings as it navigated volatile supply chain conditions to substantial increases in container volumes and profit.
The closely-held provider of diversified logistics services based in Marseille today said maritime volumes rose 6% to 6.3 million container units from 5.97 million in 2025. Revenue spiked 22% to $9.96 billion from $8.17 billion, while earnings before interest, taxes, depreciation and amortization (EBITDA) were up 42.4%, to $2.26 billion from $1.59 billion. EBITDA margin improved from 19.4% to 22.7%
"Against a backdrop of continued geopolitical instability, the Group delivered solid results in the second quarter of 2026, driven by the performance of our shipping activities, the growth of our terminals and air cargo businesses, and the complementary strengths of our logistics operations," said Rodolphe Saade, chairman and chief executive, whose family controls CMA CGM. "This performance reflects our strategy of expanding in key markets and investing in strategic **** ets. They once again demonstrate the strength of our model, our agility and our resilience, all in support of delivering reliable, high-quality service to our customers."
The company said that the second quarter of 2026 was "a particularly volatile market environment for the shipping and logistics industry, marked by the multiplication of geopolitical conflicts, particularly in the Middle East, and a high level of macroeconomic uncertainty."
Overall revenue grew 19.2% to $15.69 billion from $13.17 billion as EBITDA improved 31% to $2.99 billion from $2.28 billion and EBITDA margin was up 1.7 points to 19% from 17.3%. Net income was better at $770 million from $520 million.
#billion #Logistics #container
The closely-held provider of diversified logistics services based in Marseille today said maritime volumes rose 6% to 6.3 million container units from 5.97 million in 2025. Revenue spiked 22% to $9.96 billion from $8.17 billion, while earnings before interest, taxes, depreciation and amortization (EBITDA) were up 42.4%, to $2.26 billion from $1.59 billion. EBITDA margin improved from 19.4% to 22.7%
"Against a backdrop of continued geopolitical instability, the Group delivered solid results in the second quarter of 2026, driven by the performance of our shipping activities, the growth of our terminals and air cargo businesses, and the complementary strengths of our logistics operations," said Rodolphe Saade, chairman and chief executive, whose family controls CMA CGM. "This performance reflects our strategy of expanding in key markets and investing in strategic **** ets. They once again demonstrate the strength of our model, our agility and our resilience, all in support of delivering reliable, high-quality service to our customers."
The company said that the second quarter of 2026 was "a particularly volatile market environment for the shipping and logistics industry, marked by the multiplication of geopolitical conflicts, particularly in the Middle East, and a high level of macroeconomic uncertainty."
Overall revenue grew 19.2% to $15.69 billion from $13.17 billion as EBITDA improved 31% to $2.99 billion from $2.28 billion and EBITDA margin was up 1.7 points to 19% from 17.3%. Net income was better at $770 million from $520 million.
#billion #Logistics #container
8 hours ago
The Internal Revenue Service is making it a bit less onerous for some people who are late paying their taxes.
The IRS will automatically waive fines tied to late filing or payment of taxes for taxpayers who have a history of being on time. The policy, called the Automatic Exemption from Penalty (AEP), streamlines the process of penalty relief.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
#making #wealth
The IRS will automatically waive fines tied to late filing or payment of taxes for taxpayers who have a history of being on time. The policy, called the Automatic Exemption from Penalty (AEP), streamlines the process of penalty relief.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
#making #wealth
1 day ago
IfJay Shetty was going to level up his podcast, he figured he needed to upgrade the studio in which he records it. So before his seven-year-old show, On Purpose, relaunched this month on Netflix, the 38-year-old self-help guru says he spent around $500,000 to renovate the ****** e with specific colors and custom artwork (such asincluding a piece of glass covered in bubble wrap) to evoke the kind of vulnerability and fragility he hopes to encourage from his guests.
Sitting inside his sprawling Hollywood Hills home, worth an estimated $8 million, Shetty's digs are a far cry from the Hindu monk principles of humble detachment he once practiced and has encouraged to display. But for a star in media's hottest category—who recently signed a new podcast deal with Spotify and Netflix that will pay him a combined $100 million over the next three years—the studio and residence are fitting.
"I mean, I'm not a monk anymore," Shetty tells Forbes. "Today I consider myself an entrepreneur and a leader in this ****** e, and that allows me to have the ability to use money as a resource to do good in the world and create impact in the way that we've chosen to do that."
For top podcasters like Shetty, the money has also never been better. The entry of video platforms such as Netflix, Hulu and Tubi into a still-frothy marketplace of audio distributors (including Spotify, SiriusXM and Amazon) have pushed paydays into territory once reserved for movie stars. Shetty earned an estimated $21 million over the past 12 months from his previous podcast distribution and ad sales agreement with iHeart Media (before paying taxes and fees to agents and managers) and he i's in line to make far more from his new deal.
He is pouring those earnings into an expanding business portfolio, investing in the Austin-based blood testing company Function Health and founding his own sparkling tea brand, Juni. He also has a production company, Perfect Strangers, which produces the podcast Friends Keep Secrets and has a handful of TV projects in development. The goal, Shetty says, is to build a "conscious empire" of content and products promoting physical and mental health.
#netflix #spotify #space
Sitting inside his sprawling Hollywood Hills home, worth an estimated $8 million, Shetty's digs are a far cry from the Hindu monk principles of humble detachment he once practiced and has encouraged to display. But for a star in media's hottest category—who recently signed a new podcast deal with Spotify and Netflix that will pay him a combined $100 million over the next three years—the studio and residence are fitting.
"I mean, I'm not a monk anymore," Shetty tells Forbes. "Today I consider myself an entrepreneur and a leader in this ****** e, and that allows me to have the ability to use money as a resource to do good in the world and create impact in the way that we've chosen to do that."
For top podcasters like Shetty, the money has also never been better. The entry of video platforms such as Netflix, Hulu and Tubi into a still-frothy marketplace of audio distributors (including Spotify, SiriusXM and Amazon) have pushed paydays into territory once reserved for movie stars. Shetty earned an estimated $21 million over the past 12 months from his previous podcast distribution and ad sales agreement with iHeart Media (before paying taxes and fees to agents and managers) and he i's in line to make far more from his new deal.
He is pouring those earnings into an expanding business portfolio, investing in the Austin-based blood testing company Function Health and founding his own sparkling tea brand, Juni. He also has a production company, Perfect Strangers, which produces the podcast Friends Keep Secrets and has a handful of TV projects in development. The goal, Shetty says, is to build a "conscious empire" of content and products promoting physical and mental health.
#netflix #spotify #space
2 days ago
Texas Lt. Gov. Dan Patrick's 'Double Nickel' plan would freeze property taxes at 55, saving roughly 3.3 million homeowners $950 a year.
No-income-tax states like Florida and Tennessee are most likely to adopt similar policies, while high-tax states like New Jersey may pursue means-tested versions.
Homeowners near 55 should check existing county exemptions they may already qualify for and file appraisal protests before any new legislation passes.
Two retirees, same $1 million, same 4% rule, buy one finished with $1.4 million, the other hit $0 in 12 years. Our free reader guide explains the flaw that separated them, and the income-first method built to avoid it.
Texas is floating a proposal that could reshape how millions of homeowners think about turning 55. Lieutenant Governor Dan Patrick's "Double Nickel" plan would drop the qualifying age for a homestead property-tax freeze from 65 to 55, giving eligible homeowners an extra decade of protection from rising tax bills. The idea is being studied ahead of the 2027 legislative session in a state where property taxes supply 40.7% of state and local tax revenue and the effective rate on owner-occupied homes is 1.40%. That raises a fair question for homeowners elsewhere: Could this spread?
#million #double
No-income-tax states like Florida and Tennessee are most likely to adopt similar policies, while high-tax states like New Jersey may pursue means-tested versions.
Homeowners near 55 should check existing county exemptions they may already qualify for and file appraisal protests before any new legislation passes.
Two retirees, same $1 million, same 4% rule, buy one finished with $1.4 million, the other hit $0 in 12 years. Our free reader guide explains the flaw that separated them, and the income-first method built to avoid it.
Texas is floating a proposal that could reshape how millions of homeowners think about turning 55. Lieutenant Governor Dan Patrick's "Double Nickel" plan would drop the qualifying age for a homestead property-tax freeze from 65 to 55, giving eligible homeowners an extra decade of protection from rising tax bills. The idea is being studied ahead of the 2027 legislative session in a state where property taxes supply 40.7% of state and local tax revenue and the effective rate on owner-occupied homes is 1.40%. That raises a fair question for homeowners elsewhere: Could this spread?
#million #double
2 days ago
SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Deciding to retire can feel a bit unnerving. Retirees have plenty to potentially worry about – some of which they have no control over – like how the market will perform and how fast prices at the supermarket will increase.
But regardless of the economic environment, simple mistakes can prove costly for retirees.
Here are some common mistakes that you'll want to avoid as you enter your golden years. And if you need additional help planning for retirement, consider connecting with a financial advisor.
Did you know that you may need to pay income taxes on your Social Security benefits? In fact, up to 85% of your benefits may be taxable, depending on your other sources of income. The income thresholds that trigger taxes are set at specific amounts and don't adjust for inflation, which means more retirees hit those tax limits every year.
#taxes
Deciding to retire can feel a bit unnerving. Retirees have plenty to potentially worry about – some of which they have no control over – like how the market will perform and how fast prices at the supermarket will increase.
But regardless of the economic environment, simple mistakes can prove costly for retirees.
Here are some common mistakes that you'll want to avoid as you enter your golden years. And if you need additional help planning for retirement, consider connecting with a financial advisor.
Did you know that you may need to pay income taxes on your Social Security benefits? In fact, up to 85% of your benefits may be taxable, depending on your other sources of income. The income thresholds that trigger taxes are set at specific amounts and don't adjust for inflation, which means more retirees hit those tax limits every year.
#taxes
2 days ago
Morgan Stanley's new spot Solana ETF (MSOL) holds actual SOL tokens on NYSE Arca and charges a competitive 0.14% annual fee.
SOL has dropped 41% year-to-date and 60% over the past year, making MSOL a high-risk bet despite 136% gains over five years.
Don't wait: the ****** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Morgan Stanley has entered the spot crypto ETF market with the launch of the Morgan Stanley Solana Trust (NYSEARCA:MSOL), a fund that holds actual Solana tokens and is listed on NYSE Arca. It is the firm's first exchange-traded product tied directly to a single cryptocurrency, and it arrives at a moment when Solana, the blockchain once best known for hosting meme coins, is trying to sell itself to Wall Street as serious financial infrastructure.
The trust charges a unitary Delegated Sponsor Fee accrued daily at an annualized rate of 0.14% of the Trust's net ****** et value, or about $14 a year on a $10,000 investment. According to the prospectus, Morgan Stanley Investment Management Inc. agrees to pay the trust's ordinary operating expenses out of that fee, excluding taxes and extraordinary or litigation expenses. The sponsor is a wholly owned subsidiary of Morgan Stanley, one of the largest ****** et managers in the world.
#sponsor
SOL has dropped 41% year-to-date and 60% over the past year, making MSOL a high-risk bet despite 136% gains over five years.
Don't wait: the ****** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Morgan Stanley has entered the spot crypto ETF market with the launch of the Morgan Stanley Solana Trust (NYSEARCA:MSOL), a fund that holds actual Solana tokens and is listed on NYSE Arca. It is the firm's first exchange-traded product tied directly to a single cryptocurrency, and it arrives at a moment when Solana, the blockchain once best known for hosting meme coins, is trying to sell itself to Wall Street as serious financial infrastructure.
The trust charges a unitary Delegated Sponsor Fee accrued daily at an annualized rate of 0.14% of the Trust's net ****** et value, or about $14 a year on a $10,000 investment. According to the prospectus, Morgan Stanley Investment Management Inc. agrees to pay the trust's ordinary operating expenses out of that fee, excluding taxes and extraordinary or litigation expenses. The sponsor is a wholly owned subsidiary of Morgan Stanley, one of the largest ****** et managers in the world.
#sponsor
2 days ago
CMA CGM posted impressive Q2 earnings as it navigated volatile supply chain conditions to substantial increases in container volumes and profit.
The closely-held provider of diversified logistics services based in Marseille today said maritime volumes rose 6% to 6.3 million container units from 5.97 million in 2025. Revenue spiked 22% to $9.96 billion from $8.17 billion, while earnings before interest, taxes, depreciation and amortization (EBITDA) were up 42.4%, to $2.26 billion from $1.59 billion. EBITDA margin improved from 19.4% to 22.7%
"Against a backdrop of continued geopolitical instability, the Group delivered solid results in the second quarter of 2026, driven by the performance of our shipping activities, the growth of our terminals and air cargo businesses, and the complementary strengths of our logistics operations," said Rodolphe Saade, chairman and chief executive, whose family controls CMA CGM. "This performance reflects our strategy of expanding in key markets and investing in strategic **** ets. They once again demonstrate the strength of our model, our agility and our resilience, all in support of delivering reliable, high-quality service to our customers."
The company said that the second quarter of 2026 was "a particularly volatile market environment for the shipping and logistics industry, marked by the multiplication of geopolitical conflicts, particularly in the Middle East, and a high level of macroeconomic uncertainty."
Overall revenue grew 19.2% to $15.69 billion from $13.17 billion as EBITDA improved 31% to $2.99 billion from $2.28 billion and EBITDA margin was up 1.7 points to 19% from 17.3%. Net income was better at $770 million from $520 million.
#ebitda #volumes #Margin
The closely-held provider of diversified logistics services based in Marseille today said maritime volumes rose 6% to 6.3 million container units from 5.97 million in 2025. Revenue spiked 22% to $9.96 billion from $8.17 billion, while earnings before interest, taxes, depreciation and amortization (EBITDA) were up 42.4%, to $2.26 billion from $1.59 billion. EBITDA margin improved from 19.4% to 22.7%
"Against a backdrop of continued geopolitical instability, the Group delivered solid results in the second quarter of 2026, driven by the performance of our shipping activities, the growth of our terminals and air cargo businesses, and the complementary strengths of our logistics operations," said Rodolphe Saade, chairman and chief executive, whose family controls CMA CGM. "This performance reflects our strategy of expanding in key markets and investing in strategic **** ets. They once again demonstrate the strength of our model, our agility and our resilience, all in support of delivering reliable, high-quality service to our customers."
The company said that the second quarter of 2026 was "a particularly volatile market environment for the shipping and logistics industry, marked by the multiplication of geopolitical conflicts, particularly in the Middle East, and a high level of macroeconomic uncertainty."
Overall revenue grew 19.2% to $15.69 billion from $13.17 billion as EBITDA improved 31% to $2.99 billion from $2.28 billion and EBITDA margin was up 1.7 points to 19% from 17.3%. Net income was better at $770 million from $520 million.
#ebitda #volumes #Margin
2 days ago
Few things in life are certain beyond death, taxes, and Tadej Pogacar winning the Tour de France. This year's Grande Boucle went almost entirely as expected, offering few real surprises or diversions from the status quo, as the marauding Slovenian won another five stages en route to his record-equalling fifth ****** le.
His place in the pantheon of greats had already been cemented and there are few superlatives left to describe his grip on the sport. He is now equal with cycling legends in the form of Eddy Merckx, Jacques Anquetil, Bernard Hinault and Miguel Indurain on five wins; his 26 stage wins leave him nine off the record of Mark Cavendish, who will be wishing he'd postponed retirement by another year or two.
There could have been more had Pogacar not opted to babysit young teammate Isaac del Toro to a stage win, third place on the podium, and the best young rider's jersey too. Pogacar is able to win at will but sometimes seems happier in the role of world's most powerful domestique; perhaps the only thing holding him back from an unprecedented sixth ****** le is whether he can muster the enthusiasm for it. At 27, he is younger than all of his fellow five-time winners were and will be in his prime for a while yet.
But while the Pogacar era looks set to continue for some time, the post-Pogacar era already looks to be one to savour. Those left cold by the two-time world champion's iron grip on the sport can set a reminder to tune in in a couple of seasons' time, or perhaps as early as this autumn's Vuelta, should Pogacar skip it – as expected – to target a third rainbow jersey.
Pogacar seemed to enjoy helping del Toro as much if not more than winning stages (AP)
#pogacar
His place in the pantheon of greats had already been cemented and there are few superlatives left to describe his grip on the sport. He is now equal with cycling legends in the form of Eddy Merckx, Jacques Anquetil, Bernard Hinault and Miguel Indurain on five wins; his 26 stage wins leave him nine off the record of Mark Cavendish, who will be wishing he'd postponed retirement by another year or two.
There could have been more had Pogacar not opted to babysit young teammate Isaac del Toro to a stage win, third place on the podium, and the best young rider's jersey too. Pogacar is able to win at will but sometimes seems happier in the role of world's most powerful domestique; perhaps the only thing holding him back from an unprecedented sixth ****** le is whether he can muster the enthusiasm for it. At 27, he is younger than all of his fellow five-time winners were and will be in his prime for a while yet.
But while the Pogacar era looks set to continue for some time, the post-Pogacar era already looks to be one to savour. Those left cold by the two-time world champion's iron grip on the sport can set a reminder to tune in in a couple of seasons' time, or perhaps as early as this autumn's Vuelta, should Pogacar skip it – as expected – to target a third rainbow jersey.
Pogacar seemed to enjoy helping del Toro as much if not more than winning stages (AP)
#pogacar
2 days ago
Marvell Technology (NASDAQ:MRVL) primarily earns revenue by developing data infrastructure semiconductor solutions and system-on-a-chip architectures for enterprise clients across the globe.
It was officially added to the S&P 500 index on June 22, 2026, and it reported a 52% gross margin for the quarter ended May 2, 2026.
UiPath (NYSE:PATH) primarily earns revenue by delivering a software ecosystem focused on robotic process automation to organizations in various commercial and government settings.
While launching new artificial intelligence features for its Automation Suite on May 5, it recorded an 81% gross margin for the quarter ended April 30, 2026.
Tracking revenue helps investors understand the total volume of money a business brings in before operating expenses or taxes are deducted. This metric reveals whether an organization is successfully attracting customers and growing its overall business volume over time.
#revenue #Margin #quarter
It was officially added to the S&P 500 index on June 22, 2026, and it reported a 52% gross margin for the quarter ended May 2, 2026.
UiPath (NYSE:PATH) primarily earns revenue by delivering a software ecosystem focused on robotic process automation to organizations in various commercial and government settings.
While launching new artificial intelligence features for its Automation Suite on May 5, it recorded an 81% gross margin for the quarter ended April 30, 2026.
Tracking revenue helps investors understand the total volume of money a business brings in before operating expenses or taxes are deducted. This metric reveals whether an organization is successfully attracting customers and growing its overall business volume over time.
#revenue #Margin #quarter
2 days ago
Many people say housing is their biggest monthly expense. Right now, that may be true for me as well, since my mortgage payment alone eats up quite a bit of my paycheck.
The good news is that my husband and I are on track to have our home paid off ahead of retirement. But that doesn't mean we want to stay put. Here are three reasons we plan to downsize, despite the fact that our home should be ours mortgage-free at that point.
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 »
I live in New Jersey, which is known for a few things -- Bruce Springsteen, nice beaches, and some of the worst property taxes in the nation.
I'm not going to share what my property tax bill looks like, but suffice it to say, people from other states gasp when they hear what it is. That's probably the biggest reason I hope to downsize in retirement.
#flashing #Retirement
The good news is that my husband and I are on track to have our home paid off ahead of retirement. But that doesn't mean we want to stay put. Here are three reasons we plan to downsize, despite the fact that our home should be ours mortgage-free at that point.
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 »
I live in New Jersey, which is known for a few things -- Bruce Springsteen, nice beaches, and some of the worst property taxes in the nation.
I'm not going to share what my property tax bill looks like, but suffice it to say, people from other states gasp when they hear what it is. That's probably the biggest reason I hope to downsize in retirement.
#flashing #Retirement
2 days ago
SPYI and QQQI deliver 12% and 14% monthly yields using Section 1256 index options, shielding most distributions from ordinary income tax rates.
JEPI and JEPQ distribute ordinary income from equity-linked notes, creating higher tax drag that compounds against taxable-account investors over time.
ISPY's daily call reset preserves more S&P 500 upside, delivering 17% total returns at a lower 4.6% yield than SPYI or QQQI.
Don't wait: the **** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Covered call ETFs promise double-digit yields from a broad equity index. Three funds stand out for how they handle taxes: the NEOS S&P 500 High Income ETF (NASDAQ:SPYI), the NEOS Nasdaq-100 High Income ETF (NASDAQ:QQQI), and the ProShares S&P 500 High Income ETF (NASDAQ:ISPY).
#spyi #high
JEPI and JEPQ distribute ordinary income from equity-linked notes, creating higher tax drag that compounds against taxable-account investors over time.
ISPY's daily call reset preserves more S&P 500 upside, delivering 17% total returns at a lower 4.6% yield than SPYI or QQQI.
Don't wait: the **** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Covered call ETFs promise double-digit yields from a broad equity index. Three funds stand out for how they handle taxes: the NEOS S&P 500 High Income ETF (NASDAQ:SPYI), the NEOS Nasdaq-100 High Income ETF (NASDAQ:QQQI), and the ProShares S&P 500 High Income ETF (NASDAQ:ISPY).
#spyi #high
5 days ago
Cleveland-Cliffs (NYSE:CLF), an integrated flat-rolled steel and iron ore producer, closed at $10.96, up 15.98%. Quarterly results and upbeat guidance drove the gain; investors are watching second-half earnings and third-quarter adjusted EBITDA.
Trading volume reached 64.1 million shares, coming in about 223% above its three-month average of 19.8 million shares.
The S&P 500 (SNPINDEX:^GSPC) fell 1.21% to 7,408, and the Nasdaq Composite (NASDAQINDEX:^IXIC) fell 2.15% to 25,138. Among other domestic flat-rolled steel manufacturing names, Nucor (NYSE:NUE) closed at $241.15, up 2.23%, while Steel Dynamics (NASDAQ:STLD) closed at $240.57, up 0.81%, highlighting firmer trading in domestic steel peers.
Cleveland-Cliffs confirmed today that the domestic steel market is thriving. Revenue improved both sequentially and year over year as steel pricing and demand remain strong.
Cliffs saw free cash flow turn positive with adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) jumping from $95 million in Q1 to $286 million in Q2. Management expects it to approximately double to $575 million in the third quarter.
The company isn't alone in seeing strength in the sector. Last week, Steel Dynamics posted strong Q2 profit and record shipments, reinforcing domestic pricing strength. Sector leader Nucor will announce its second-quarter results next week. Investors can likely expect more of the same.
#steel #cliffs #closed #quarter
Trading volume reached 64.1 million shares, coming in about 223% above its three-month average of 19.8 million shares.
The S&P 500 (SNPINDEX:^GSPC) fell 1.21% to 7,408, and the Nasdaq Composite (NASDAQINDEX:^IXIC) fell 2.15% to 25,138. Among other domestic flat-rolled steel manufacturing names, Nucor (NYSE:NUE) closed at $241.15, up 2.23%, while Steel Dynamics (NASDAQ:STLD) closed at $240.57, up 0.81%, highlighting firmer trading in domestic steel peers.
Cleveland-Cliffs confirmed today that the domestic steel market is thriving. Revenue improved both sequentially and year over year as steel pricing and demand remain strong.
Cliffs saw free cash flow turn positive with adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) jumping from $95 million in Q1 to $286 million in Q2. Management expects it to approximately double to $575 million in the third quarter.
The company isn't alone in seeing strength in the sector. Last week, Steel Dynamics posted strong Q2 profit and record shipments, reinforcing domestic pricing strength. Sector leader Nucor will announce its second-quarter results next week. Investors can likely expect more of the same.
#steel #cliffs #closed #quarter
6 days ago
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
For years, professional athletes — from Grant Williams (1) to Cam Newton — have pushed back against the idea that signing a massive contract automatically makes them rich. Between federal and state "jock (2)" taxes, agent commissions, league fees and other expenses, many argue that a $100 million contract looks much smaller once everyone else takes their cut.
But 2020 NBA champ Kyle Kuzma thinks that conversation misses the real issue.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan still sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold
#Gold #contract #moneywise #finance
For years, professional athletes — from Grant Williams (1) to Cam Newton — have pushed back against the idea that signing a massive contract automatically makes them rich. Between federal and state "jock (2)" taxes, agent commissions, league fees and other expenses, many argue that a $100 million contract looks much smaller once everyone else takes their cut.
But 2020 NBA champ Kyle Kuzma thinks that conversation misses the real issue.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan still sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold
#Gold #contract #moneywise #finance
6 days ago
SPY's 8.82% early-2026 slide let IRA holders convert shares at a lower taxable value, sheltering the entire rebound inside a Roth permanently.
Filling the 22% bracket during a dip and paying conversion taxes from a taxable account moves every share into the Roth intact.
Since 2018, conversions cannot be undone, and large ones can trigger IRMAA surcharges or push long-term capital gains into a higher rate.
Don't wait: the ***** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
If you have a traditional IRA or an old 401(k), the IRS runs a quiet sale every time the market dips. It is baked into how the tax code prices a Roth conversion: you pay ordinary income tax on the dollar value of what you move, on the day you move it. When your portfolio is down, that bill shrinks even though your share count does not.
#move #since #irmaa
Filling the 22% bracket during a dip and paying conversion taxes from a taxable account moves every share into the Roth intact.
Since 2018, conversions cannot be undone, and large ones can trigger IRMAA surcharges or push long-term capital gains into a higher rate.
Don't wait: the ***** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
If you have a traditional IRA or an old 401(k), the IRS runs a quiet sale every time the market dips. It is baked into how the tax code prices a Roth conversion: you pay ordinary income tax on the dollar value of what you move, on the day you move it. When your portfolio is down, that bill shrinks even though your share count does not.
#move #since #irmaa
6 days ago
Alphabet made history Wednesday with a quarterly profit that stretched into 12 figures for the first time in the search giant's history—and perhaps for the first time in any company's history. Alphabet, the parent company of Google, grew its bottom line by 298% year-over-year in the second quarter, totaling an astounding $112.1 billion in net income.
That's more profit in three months than 459 of the Fortune 500 companies generate in top line revenue in a full year.
What gives? Alphabet's Q2 revenue increased by a very impressive 24%, to $119.8 billion, with the Google Cloud business reaching an 82% growth clip—results CEO Sundar Pichai called proof that the company's "full stack approach to AI is delivering real, measurable value."
Well, that—plus $99 billion in additional (or "other") income that's not directly produced by Alphabet's day-to-day business operations such as search advertising and YouTube subscriptions.
A footnote in Alphabet's Q2 earnings release provides a bit more insight about where these record-shattering profits came from. Alphabet booked $99 billion in "unrealized and realized" gains on the equity securities in its investment portfolio during the quarter—adding $77.1 billion to Alphabets overall net income after taxes, according. The investment windfall accounted for $6.26 of Alphabet's $9.11 in earnings per share.
Most of the $99 billion in "other income" is from Alphabet's AI investments, primarily Anthropic and ***** eX. Though it's unclear how much each of the individual investments contributed to the $99 billion gain, both companies saw their valuations soar in Q2.
#income
That's more profit in three months than 459 of the Fortune 500 companies generate in top line revenue in a full year.
What gives? Alphabet's Q2 revenue increased by a very impressive 24%, to $119.8 billion, with the Google Cloud business reaching an 82% growth clip—results CEO Sundar Pichai called proof that the company's "full stack approach to AI is delivering real, measurable value."
Well, that—plus $99 billion in additional (or "other") income that's not directly produced by Alphabet's day-to-day business operations such as search advertising and YouTube subscriptions.
A footnote in Alphabet's Q2 earnings release provides a bit more insight about where these record-shattering profits came from. Alphabet booked $99 billion in "unrealized and realized" gains on the equity securities in its investment portfolio during the quarter—adding $77.1 billion to Alphabets overall net income after taxes, according. The investment windfall accounted for $6.26 of Alphabet's $9.11 in earnings per share.
Most of the $99 billion in "other income" is from Alphabet's AI investments, primarily Anthropic and ***** eX. Though it's unclear how much each of the individual investments contributed to the $99 billion gain, both companies saw their valuations soar in Q2.
#income
6 days ago
As the old adage goes, the only certainties in life are death and taxes. But an old rule applied in a new way for ETFs challenges one of those certainties.
Section 351 exchanges rely on a little-known provision of the U.S. tax code that, under specific conditions, allows appreciated securities to be contributed to a newly formed ETF without triggering an immediate taxable event. Especially for investors with concentrated stock positions, 351 conversions can provide a tax-efficient path to enhancing portfolio diversification. (Read: "Got Cap Gains? How Portfolios Can Move Into ETFs Tax-Free")
While Section 351 has been around for decades, only recently have ETF issuers applied the rule towards new ETFs. We recently sat down with independent tax management expert Brent Sullivan to better understand the opportunities (and obstacles) ETFs launched via Section 351 may present to investors.
Below is a lightly edited transcript of our conversation.
You're obviously passionate about taxes. Why does this topic interest you so much?
#etfs #section #taxes #applied
Section 351 exchanges rely on a little-known provision of the U.S. tax code that, under specific conditions, allows appreciated securities to be contributed to a newly formed ETF without triggering an immediate taxable event. Especially for investors with concentrated stock positions, 351 conversions can provide a tax-efficient path to enhancing portfolio diversification. (Read: "Got Cap Gains? How Portfolios Can Move Into ETFs Tax-Free")
While Section 351 has been around for decades, only recently have ETF issuers applied the rule towards new ETFs. We recently sat down with independent tax management expert Brent Sullivan to better understand the opportunities (and obstacles) ETFs launched via Section 351 may present to investors.
Below is a lightly edited transcript of our conversation.
You're obviously passionate about taxes. Why does this topic interest you so much?
#etfs #section #taxes #applied
6 days ago
LOS ANGELES (AP) — Republican Steve Hilton launched his general election campaign for California governor Wednesday with a gambit to win over left-leaning voters who dominate the state: Even if they loathe President Donald Trump, he said, they should consider voting for him.
During an event in Los Angeles, against the backdrop of a stinking, scorched food warehouse he described as a symbol of the state's political incompetence, Hilton rolled out a list of campaign promises clearly aimed at residents buckling under California's notoriously high cost of living. He vowed to bring the price of gasoline down to $3 a gallon, about half the current cost, cut residents' utility bills in half, now among the nation's highest, and eliminate state income taxes on the first $150,000 in earnings.
He blamed the state's problems — from homelessness to low student test scores — squarely on Democrats, who hold every statewide office and supermajorities in the Legislature. He called Democrats a "rotten regime that has abandoned the working class."
In his campaign remarks and ads he took out in leading newspapers throughout the state, Hilton addressed his relationship with Trump, who has endorsed him in the race.
"This is not about who you hate in Washington. It's about what we love about California and what we can do to make California once again the best place anywhere in the country to start and raise a family, to start and run a business," he said before a small group of supporters. "That's what this election is about."
#campaign #Trump
During an event in Los Angeles, against the backdrop of a stinking, scorched food warehouse he described as a symbol of the state's political incompetence, Hilton rolled out a list of campaign promises clearly aimed at residents buckling under California's notoriously high cost of living. He vowed to bring the price of gasoline down to $3 a gallon, about half the current cost, cut residents' utility bills in half, now among the nation's highest, and eliminate state income taxes on the first $150,000 in earnings.
He blamed the state's problems — from homelessness to low student test scores — squarely on Democrats, who hold every statewide office and supermajorities in the Legislature. He called Democrats a "rotten regime that has abandoned the working class."
In his campaign remarks and ads he took out in leading newspapers throughout the state, Hilton addressed his relationship with Trump, who has endorsed him in the race.
"This is not about who you hate in Washington. It's about what we love about California and what we can do to make California once again the best place anywhere in the country to start and raise a family, to start and run a business," he said before a small group of supporters. "That's what this election is about."
#campaign #Trump
6 days ago
Victory Capital, overseeing the RS Large Cap Value Strategy, released its Q2 2026 investor letter. A copy of the letter can be downloaded here. The RS Large Cap Value Strategy underperformed the Russell 1000 Value Index in the second quarter of 2026 as unfavorable stock selection and sector allocation weighed on relative performance. U.S. equities remained resilient despite the Iran conflict, elevated inflation, labor market concerns and uncertainty around Federal Reserve leadership, with the S&P 500 gaining 15% and the Russell 1000 Value returning 13.9%. Market leadership broadened beyond the Magnificent Seven toward semiconductor, memory, power and other AI infrastructure beneficiaries, while investors also moved down the cap spectrum, helping the Russell 2000 Value rise 17.2%. Information Technology returned 80.63%, while Energy fell 13.77%; stock selection in Technology and Industrials and an underweight Technology position were key detractors. Looking ahead, the firm remains focused on risk management, valuation discipline and identifying financially strong, out-of-favor or misunderstood companies with capable management, improving ROIC, attractive reinvestment opportunities and share prices below estimated intrinsic value. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, RS Large Cap Value Strategy highlighted MarketAxess Holdings Inc. (NASDAQ:MKTX). MarketAxess Holdings Inc. (NASDAQ:MKTX) operates an electronic trading platform for institutional investor and broker-dealer firms. On July 21, 2026, MarketAxess Holdings Inc. (NASDAQ:MKTX) closed at $112.27 per share. One-month return of MarketAxess Holdings Inc. (NASDAQ:MKTX) was -1.05% and its shares gained -47.06% over the past 52 weeks. MarketAxess Holdings Inc. (NASDAQ:MKTX) has a market capitalization of $3.99 billion with a 52-week trading range between $108.75 - $214.98.
RS Large Cap Value Strategy stated the following regarding MarketAxess Holdings Inc. (NASDAQ:MKTX) in its Q2 2026 investor letter:
"MarketAxess Holdings Inc is a leading electronic trading platform for fixed income securities. MKTX connects institutional investors and broker-dealers for trading across corporate and government bonds. Servicing over 2,100 institutional clients, with nearly 20% market share of US corporate investment grade bond trading, the company has established a strong market position. Shares were under pressure during the quarter over concerns of increased competition and margin pressure. Despite the recent underperformance and broader market concerns, we remain positive on the structural change opportunity taking place under the new CEO and continue to hold the position."
#large #trading
In its second-quarter 2026 investor letter, RS Large Cap Value Strategy highlighted MarketAxess Holdings Inc. (NASDAQ:MKTX). MarketAxess Holdings Inc. (NASDAQ:MKTX) operates an electronic trading platform for institutional investor and broker-dealer firms. On July 21, 2026, MarketAxess Holdings Inc. (NASDAQ:MKTX) closed at $112.27 per share. One-month return of MarketAxess Holdings Inc. (NASDAQ:MKTX) was -1.05% and its shares gained -47.06% over the past 52 weeks. MarketAxess Holdings Inc. (NASDAQ:MKTX) has a market capitalization of $3.99 billion with a 52-week trading range between $108.75 - $214.98.
RS Large Cap Value Strategy stated the following regarding MarketAxess Holdings Inc. (NASDAQ:MKTX) in its Q2 2026 investor letter:
"MarketAxess Holdings Inc is a leading electronic trading platform for fixed income securities. MKTX connects institutional investors and broker-dealers for trading across corporate and government bonds. Servicing over 2,100 institutional clients, with nearly 20% market share of US corporate investment grade bond trading, the company has established a strong market position. Shares were under pressure during the quarter over concerns of increased competition and margin pressure. Despite the recent underperformance and broader market concerns, we remain positive on the structural change opportunity taking place under the new CEO and continue to hold the position."
#large #trading
6 days ago
Inheriting $5 million can be a tremendous financial opportunity, but financial planning is still important. With more **** ets and tax considerations to take into account, it can help to plan ahead. As a result, understanding what you've inherited and how you might minimize tax consequences may have as much of an impact on your wealth as investing right away.
Do you have questions about how to handle a windfall? Speak with a financial advisor today.
A $5 million inheritance is rarely a single check. More likely, it's a mix of **** ets, each with their own rules for taxes, liquidity and long-term planning. Before making any financial decisions, it can help to create a complete inventory of what you've inherited, and identify how each **** et is **** led. This can help when it comes time to determine whether it's subject to distribution rules and what type of tax treatment applies.
Because larger estates tend to be more complex, it's common to inherit several **** et types at once. Understanding each one separately can potentially help you minimize mistakes and prioritize the most immediate decisions.
With a larger inheritance, the challenge is often less about choosing investments and more about coordinating multiple **** et types with different tax rules and timelines. Taking inventory first help build the foundation for every decision that follows.
#financial #understanding #million #inherited
Do you have questions about how to handle a windfall? Speak with a financial advisor today.
A $5 million inheritance is rarely a single check. More likely, it's a mix of **** ets, each with their own rules for taxes, liquidity and long-term planning. Before making any financial decisions, it can help to create a complete inventory of what you've inherited, and identify how each **** et is **** led. This can help when it comes time to determine whether it's subject to distribution rules and what type of tax treatment applies.
Because larger estates tend to be more complex, it's common to inherit several **** et types at once. Understanding each one separately can potentially help you minimize mistakes and prioritize the most immediate decisions.
With a larger inheritance, the challenge is often less about choosing investments and more about coordinating multiple **** et types with different tax rules and timelines. Taking inventory first help build the foundation for every decision that follows.
#financial #understanding #million #inherited
7 days ago
You can find original article here Nrn. Subscribe to our free daily Nrn newsletters.
Nearly 12 months after backlash to a new logo tanked its sales, Cracker Barrel is on a roll.
In an update Monday, the family-dining chain said same-store restaurant sales were down 2.5% year over year through the first 11 weeks of the current quarter, while same-store retail sales were up 0.5%.
That continues the chain's momentum from the previous quarter, when same-store restaurant and retail sales were down 2.6% and 1.8%, respectively.
The company said it now expects to either meet or exceed the high end of its revenue and earnings guidance for the fiscal year, which runs through this month. That indicates it will generate at least $3.3 billion in revenue and $125 million in earnings before interest, taxes, depreciation, and amortization (EBITDA) for the fiscal year.
#year
Nearly 12 months after backlash to a new logo tanked its sales, Cracker Barrel is on a roll.
In an update Monday, the family-dining chain said same-store restaurant sales were down 2.5% year over year through the first 11 weeks of the current quarter, while same-store retail sales were up 0.5%.
That continues the chain's momentum from the previous quarter, when same-store restaurant and retail sales were down 2.6% and 1.8%, respectively.
The company said it now expects to either meet or exceed the high end of its revenue and earnings guidance for the fiscal year, which runs through this month. That indicates it will generate at least $3.3 billion in revenue and $125 million in earnings before interest, taxes, depreciation, and amortization (EBITDA) for the fiscal year.
#year
7 days ago
Fraud victims are dealt multiple financial blows if they take money out of their retirement account before 59½ years of age. What's worse, many financial losses resulting from scams aren't deductible on your tax return.
A new bill introduced by the House Ways and Means Committee would change that by allowing for more instances where scam victims can claim personal losses from theft on their taxes.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
#money #wealth #fraud #House
A new bill introduced by the House Ways and Means Committee would change that by allowing for more instances where scam victims can claim personal losses from theft on their taxes.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
#money #wealth #fraud #House
8 days ago
Investment firm William Blair recently cut its estimates for Coinbase (NASDAQ: COIN), the largest U.S. cryptocurrency exchange. Interestingly, it also reiterated an outperform rating for Coinbase, suggested that clients stay invested, and advised that the crypto market could be near its bottom.
Coinbase stock has plummeted over the last year, from an all-time high of $445 on July 17, 2025, to $157 as of July 17, 2026. Here are the details on William Blair's ***** ysis and whether this is a good buying opportunity for Coinbase.
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 »
William Blair reduced annual revenue estimates for Coinbase by 12% in 2026 and 13% in 2027. It also cut its EBITDA (earnings before interest, taxes, depreciation, and amortization) estimates by 34% for both years, and it expects Coinbase's trading volume to fall 44% to $669 billion in 2026.
These predictions make sense when you consider Coinbase's dependence on the crypto market and how the bear market has already affected it. Coinbase reported revenue of $1.4 billion in Q1 2026, a 31% year-over-year decrease. The crypto exchange also had a net loss of $394 million that quarter, compared to net income of $66 million in Q1 2025.
#Crypto
Coinbase stock has plummeted over the last year, from an all-time high of $445 on July 17, 2025, to $157 as of July 17, 2026. Here are the details on William Blair's ***** ysis and whether this is a good buying opportunity for Coinbase.
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 »
William Blair reduced annual revenue estimates for Coinbase by 12% in 2026 and 13% in 2027. It also cut its EBITDA (earnings before interest, taxes, depreciation, and amortization) estimates by 34% for both years, and it expects Coinbase's trading volume to fall 44% to $669 billion in 2026.
These predictions make sense when you consider Coinbase's dependence on the crypto market and how the bear market has already affected it. Coinbase reported revenue of $1.4 billion in Q1 2026, a 31% year-over-year decrease. The crypto exchange also had a net loss of $394 million that quarter, compared to net income of $66 million in Q1 2025.
#Crypto
8 days ago
Praetorian Capital, an investment management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. A copy of the letter can be downloaded here. In the quarter of 2026, the Praetorian Capital Fund LLC (the "Fund") depreciated by 4.39% net of fees. The firm anticipates significant volatility from quarter to quarter due to the Fund's concentrated portfolio approach and emphasis on asymmetric opportunities. Both the Event-Driven book and the fund's core portfolio declined moderately in the quarter. The letter highlighted the market's complexity and noted a setback in the portfolio this quarter despite strong first-quarter earnings. Conversely, the letter also noted that the AI buildout represented a substantial capital misallocation. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Praetorian Capital highlighted The St. Joe Company (NYSE:JOE). The St. Joe Company (NYSE:JOE) is a real estate development, ***** et management, and operating company. On July 17, 2026, The St. Joe Company (NYSE:JOE) closed at $60.55 per share, reflecting a market capitalization of $3.48 billion. The St. Joe Company (NYSE:JOE) posted a one-month return of -7.88%, while its shares gained 21.26% over the past 52 weeks.
Praetorian Capital stated the following regarding The St. Joe Company (NYSE:JOE) in its Q2 2026 investor update:
"The St. Joe Company (NYSE:JOE) owns approximately 165,000 acres in the Florida Panhandle. It has been widely known that JOE traded for a tiny fraction of its liquidation value for years, but without a catalyst, it was always perceived to be "dead money."
Over the past few years, the population of the Panhandle has hit a critical mass where the Panhandle now has a center of gravity that is attracting people who want to live in one of the prettiest places in the country, with zero state income taxes and few of the problems of large cities.
#company #capital #praetorian #Portfolio
In its Q2 2026 investor letter, Praetorian Capital highlighted The St. Joe Company (NYSE:JOE). The St. Joe Company (NYSE:JOE) is a real estate development, ***** et management, and operating company. On July 17, 2026, The St. Joe Company (NYSE:JOE) closed at $60.55 per share, reflecting a market capitalization of $3.48 billion. The St. Joe Company (NYSE:JOE) posted a one-month return of -7.88%, while its shares gained 21.26% over the past 52 weeks.
Praetorian Capital stated the following regarding The St. Joe Company (NYSE:JOE) in its Q2 2026 investor update:
"The St. Joe Company (NYSE:JOE) owns approximately 165,000 acres in the Florida Panhandle. It has been widely known that JOE traded for a tiny fraction of its liquidation value for years, but without a catalyst, it was always perceived to be "dead money."
Over the past few years, the population of the Panhandle has hit a critical mass where the Panhandle now has a center of gravity that is attracting people who want to live in one of the prettiest places in the country, with zero state income taxes and few of the problems of large cities.
#company #capital #praetorian #Portfolio
9 days ago
By Elizabeth Piper and Kate Holton
LONDON, July 21 (Reuters) - British Prime Minister Andy Burnham said on Tuesday he would cut taxes on electricity bills, the first of several early moves to signal his intent to ease a cost-of-living crisis and quell anger over successive governments' failure to bring change.
In his second day in his new job, Burnham said his government would remove the value-added tax from domestic electricity bills from October 1, cutting around £45 from the average annual bill of around £1,862 that households pay.
With bond investors watching closely for how any fiscal support would be paid for, he said the move would be funded by savings from the cancellation of a £1.8 billion ($2.42 billion) digital ID programme, announced on Sunday.
"We're taking immediate action to cut taxes on energy bills, put more money in people's pockets and bring back hope," he said in a statement, having pledged to give people more "breathing ***** e" in their lives.
#taxes #electricity #bring
LONDON, July 21 (Reuters) - British Prime Minister Andy Burnham said on Tuesday he would cut taxes on electricity bills, the first of several early moves to signal his intent to ease a cost-of-living crisis and quell anger over successive governments' failure to bring change.
In his second day in his new job, Burnham said his government would remove the value-added tax from domestic electricity bills from October 1, cutting around £45 from the average annual bill of around £1,862 that households pay.
With bond investors watching closely for how any fiscal support would be paid for, he said the move would be funded by savings from the cancellation of a £1.8 billion ($2.42 billion) digital ID programme, announced on Sunday.
"We're taking immediate action to cut taxes on energy bills, put more money in people's pockets and bring back hope," he said in a statement, having pledged to give people more "breathing ***** e" in their lives.
#taxes #electricity #bring
9 days ago
Astera Labs (NASDAQ:ALAB) develops, produces, and markets connectivity solutions utilizing a software-defined architecture to empower customers to deploy and operate high-performance cloud and artificial intelligence systems at scale.
While expanding its Taiwan operations and related facilities to facilitate system integration with local manufacturers, it was added to the Nasdaq-100 Index and reported a 26% net income margin for the quarter ended March 31, 2026.
Navitas Semiconductor (NASDAQ:NVTS) designs, develops, and markets gallium nitride power integrated circuits, silicon system controllers, and digital isolators for various power conversion and charging applications around the world.
It responded to a new patent infringement lawsuit filed by Wolfspeed, issued earn-out shares to satisfy contingent obligations, and reported a negative 318% EBIT margin for the quarter ended March 31, 2026.
Revenue gives investors an essential baseline measure of the total money brought in by a business over a given period before any operating expenses, taxes, or interest payments are subtracted. This metric reveals whether an organization is successfully attracting customers and growing its overall business volume over time.
While expanding its Taiwan operations and related facilities to facilitate system integration with local manufacturers, it was added to the Nasdaq-100 Index and reported a 26% net income margin for the quarter ended March 31, 2026.
Navitas Semiconductor (NASDAQ:NVTS) designs, develops, and markets gallium nitride power integrated circuits, silicon system controllers, and digital isolators for various power conversion and charging applications around the world.
It responded to a new patent infringement lawsuit filed by Wolfspeed, issued earn-out shares to satisfy contingent obligations, and reported a negative 318% EBIT margin for the quarter ended March 31, 2026.
Revenue gives investors an essential baseline measure of the total money brought in by a business over a given period before any operating expenses, taxes, or interest payments are subtracted. This metric reveals whether an organization is successfully attracting customers and growing its overall business volume over time.
10 days ago
Converting $600,000 in $75,000 annual Roth IRA slices locks in sub-22% tax rates before RMDs stack with Social Security at 73.
Spreading conversions below the $218,000 IRMAA threshold avoids Medicare surcharges reaching $6,900 per person, since any overage triggers the full cliff penalty.
Delaying Social Security to 70 adds 8% yearly to the benefit while keeping taxable income low, maximizing Roth conversion headroom during the window.
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.
A 63-year-old couple with $1.5 million in a traditional 401(k) and no earned income has just entered the most valuable tax planning window of their lives. From now until age 73, when required minimum distributions begin, they get to decide exactly how much taxable income to show each year. Most people fill that window with a few small IRA withdrawals and a delayed Social Security claim. That decision costs tens of thousands of dollars in avoidable taxes.
Spreading conversions below the $218,000 IRMAA threshold avoids Medicare surcharges reaching $6,900 per person, since any overage triggers the full cliff penalty.
Delaying Social Security to 70 adds 8% yearly to the benefit while keeping taxable income low, maximizing Roth conversion headroom during the window.
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.
A 63-year-old couple with $1.5 million in a traditional 401(k) and no earned income has just entered the most valuable tax planning window of their lives. From now until age 73, when required minimum distributions begin, they get to decide exactly how much taxable income to show each year. Most people fill that window with a few small IRA withdrawals and a delayed Social Security claim. That decision costs tens of thousands of dollars in avoidable taxes.
11 days ago
Delaying Social Security to 70 earns 8% annually, turning a $2,500/month benefit at 67 into roughly $3,100 per month. That represents a permanent $600/month gain for both spouses.
Freed home equity replaces unclaimed Social Security income, shields investments from forced selling, and delivers tax-free spending cash during the bridge years.
Married couples can exclude up to $500,000 in home-sale gains, but excess gains are taxable and can spike Medicare IRMAA premiums two years later.
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.
A couple in their late 60s sells the house they raised kids in (stairs are annoying, property taxes climb, two bedrooms sit empty) and buys something smaller. They walk away with roughly $300,000 in cash after closing. The question: do they turn on Social Security, or use that freed equity to wait?
Freed home equity replaces unclaimed Social Security income, shields investments from forced selling, and delivers tax-free spending cash during the bridge years.
Married couples can exclude up to $500,000 in home-sale gains, but excess gains are taxable and can spike Medicare IRMAA premiums two years later.
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.
A couple in their late 60s sells the house they raised kids in (stairs are annoying, property taxes climb, two bedrooms sit empty) and buys something smaller. They walk away with roughly $300,000 in cash after closing. The question: do they turn on Social Security, or use that freed equity to wait?
11 days ago
It's long been known that Gen Xers and millennials are set to inherit trillions from baby boomers over the next two decades via the Great Wealth Transfer. The bad news, however, is that not everyone will receive an equal piece of the payout.
After accounting for taxes, baby boomer retirement spending and other factors, a July Visa Business and Economic Insights report estimates that "$36 trillion will pass to younger generations over the next 20 years, equivalent to roughly $515,000 per inheriting household (1)."
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
After accounting for taxes, baby boomer retirement spending and other factors, a July Visa Business and Economic Insights report estimates that "$36 trillion will pass to younger generations over the next 20 years, equivalent to roughly $515,000 per inheriting household (1)."
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
12 days ago
(Corrects 1st paragraph to say couples would lose $16,900 annually, not receive $16,9000 annually, if the Social Security trust fund goes broke.)
Newly retired, average dual-income couples planning to retire in six years should expect to receive $16,900 less in annual Social Security benefits if Congress continues to do nothing to shore up the funds used to pay beneficiaries, according to the nonpartisan, nonprofit Committee for a Responsible Federal Budget think tank.
The trust fund that supplements incoming payroll taxes to pay monthly Social Security benefits is expected to run dry by the end of 2032, according to the program's trustees. When that happens, the law requires benefits to be reduced by an estimated 22% to ensure the program's costs do not exceed its revenues.
That's when today's 61-year-olds will reach their normal retirement age and when today's youngest retirees will turn 68.
"Social Security's insolvency is no longer a crisis for future lawmakers to deal with," CRFB's report said. "Senators elected this year will be in office when Social Security's retirement fund is exhausted."
Newly retired, average dual-income couples planning to retire in six years should expect to receive $16,900 less in annual Social Security benefits if Congress continues to do nothing to shore up the funds used to pay beneficiaries, according to the nonpartisan, nonprofit Committee for a Responsible Federal Budget think tank.
The trust fund that supplements incoming payroll taxes to pay monthly Social Security benefits is expected to run dry by the end of 2032, according to the program's trustees. When that happens, the law requires benefits to be reduced by an estimated 22% to ensure the program's costs do not exceed its revenues.
That's when today's 61-year-olds will reach their normal retirement age and when today's youngest retirees will turn 68.
"Social Security's insolvency is no longer a crisis for future lawmakers to deal with," CRFB's report said. "Senators elected this year will be in office when Social Security's retirement fund is exhausted."
13 days ago
American companies are finally getting relief from tariff refunds—only it's just in time for a new wave of inflationary economic factors.
The U.S. Customs and Border Protection issued $49.2 billion in refunds in June, according to the U.S. Treasury's monthly statement, bringing total tariff refunds to about $71 billion, or more than 60% of the $166 billion available following the Supreme Court striking down tariffs under the International Emergency Economic Powers Act (IEEPA) in February.
But as companies recoup costs ******* ociated with the import taxes they were forced to pay last year, they're finding that, in many cases, those funds are being eaten up thanks to the impact of other economic pressures.
"We do expect some more pressure on the business from a commodity standpoint," PepsiCo Chief Financial Officer Steve Schmitt said in the company's earnings call last week. "We will be using the tariff, essentially the refunds, to help offset some commodity inflation that we're seeing and allow us to continue to play offense in the business."
The company's CEO Ramon Laguarta said the Iran war and its impact on gas prices in particular have impacted consumer behavior, reducing discretionary spending and trips to convenience stores, which is correlated with purchases.
The U.S. Customs and Border Protection issued $49.2 billion in refunds in June, according to the U.S. Treasury's monthly statement, bringing total tariff refunds to about $71 billion, or more than 60% of the $166 billion available following the Supreme Court striking down tariffs under the International Emergency Economic Powers Act (IEEPA) in February.
But as companies recoup costs ******* ociated with the import taxes they were forced to pay last year, they're finding that, in many cases, those funds are being eaten up thanks to the impact of other economic pressures.
"We do expect some more pressure on the business from a commodity standpoint," PepsiCo Chief Financial Officer Steve Schmitt said in the company's earnings call last week. "We will be using the tariff, essentially the refunds, to help offset some commodity inflation that we're seeing and allow us to continue to play offense in the business."
The company's CEO Ramon Laguarta said the Iran war and its impact on gas prices in particular have impacted consumer behavior, reducing discretionary spending and trips to convenience stores, which is correlated with purchases.
