1 day ago
On the Sept. 3, 2026 episode of The Ramsey Show, a Houston caller named Nathan asked whether he should use his savings to clear a mortgage he described as a "whatever, 2% mortgage or something." He had about $280,000 left on it and roughly $346,000 in liquid ******* ets, most of it cash and the rest in a taxable brokerage account. Dave Ramsey told him to do it, and to do it that night.
Five months earlier, Ramsey had told a caller in almost the same position the opposite. On April 1, 2026, a web engineer earning around $600,000 a year called in about three weeks after being laid off, sitting on enough cash to clear a San Francisco, California mortgage. "When you're in the middle of a storm, you do temporary things," Ramsey said. "Hold on to the cash. We're not gonna pay off the house because we may not be staying in the house."
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#mortgage #told
Five months earlier, Ramsey had told a caller in almost the same position the opposite. On April 1, 2026, a web engineer earning around $600,000 a year called in about three weeks after being laid off, sitting on enough cash to clear a San Francisco, California mortgage. "When you're in the middle of a storm, you do temporary things," Ramsey said. "Hold on to the cash. We're not gonna pay off the house because we may not be staying in the house."
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#mortgage #told
1 day ago
On September 9, 2026, Signet Jewelers Limited (NYSE:SIG) reported second-quarter net profit of more than $52 million, reversing a net loss of over $9 million a year earlier, with adjusted earnings per share of $2.19 beating ***** yst estimates of $1.72 by a wide margin. It sent shares up as much as 24% in trading.
The parent of Kay Jewelers, Zales, and Jared also raised its full-year profit guidance for the second time this fiscal year. It also extended its consumer credit partnership with Bread Financial through 2035, a deal it said includes new profit-sharing terms expected to make more than $1 billion in incremental value over time.
Signet Jewelers Limited (NYSE:SIG) is showing demand improvement across its core jewelry brands. Same-store sales increased 2.2% in the second quarter, beating Wall Street's 1.9% expectation. Management reported positive comparable sales across all three months of the quarter. Performance also improved across Kay, Zales, Jared, and Blue Nile. It shows the recovery extends beyond a single brand or temporary sales spike.
Margin expansion is allowing Signet to make substantially stronger earnings despite limited revenue growth. Adjusted operating margin expanded 140 basis points to 7%, while adjusted EPS reached $2.19, well above ***** ysts' $1.74 estimate. Stronger bridal and timepiece sales, tighter inventory management, and operating improvements helped Signet expand profitability. Redesigned Kay and Jared websites provide additional opportunities to back up digital sales.
Signet's higher earnings outlook and shareholder returns solidify the investment case. The company raised full-year adjusted EPS guidance to $10.45-$12.15 versus $9.20-$11.00 and plans a $125 million accelerated share repurchase program. Signet also extended its consumer-credit partnership with Bread Financial through 2035. It added improved technology and data ***** ytics while supporting customer financing and marketing capabilities over the long term.
#adjusted #jewelers #limited
The parent of Kay Jewelers, Zales, and Jared also raised its full-year profit guidance for the second time this fiscal year. It also extended its consumer credit partnership with Bread Financial through 2035, a deal it said includes new profit-sharing terms expected to make more than $1 billion in incremental value over time.
Signet Jewelers Limited (NYSE:SIG) is showing demand improvement across its core jewelry brands. Same-store sales increased 2.2% in the second quarter, beating Wall Street's 1.9% expectation. Management reported positive comparable sales across all three months of the quarter. Performance also improved across Kay, Zales, Jared, and Blue Nile. It shows the recovery extends beyond a single brand or temporary sales spike.
Margin expansion is allowing Signet to make substantially stronger earnings despite limited revenue growth. Adjusted operating margin expanded 140 basis points to 7%, while adjusted EPS reached $2.19, well above ***** ysts' $1.74 estimate. Stronger bridal and timepiece sales, tighter inventory management, and operating improvements helped Signet expand profitability. Redesigned Kay and Jared websites provide additional opportunities to back up digital sales.
Signet's higher earnings outlook and shareholder returns solidify the investment case. The company raised full-year adjusted EPS guidance to $10.45-$12.15 versus $9.20-$11.00 and plans a $125 million accelerated share repurchase program. Signet also extended its consumer-credit partnership with Bread Financial through 2035. It added improved technology and data ***** ytics while supporting customer financing and marketing capabilities over the long term.
#adjusted #jewelers #limited
2 days ago
On September 17, Ferrari N.V. (NYSE:RACE) announced a partnership with the technology company Rakuten Group, Inc., effective January 1, 2027. The announcement gives no scope and no price tag, so it works better as a signal than as a number. The real substance sits in the results Ferrari posted on July 30, when it raised its 2026 guidance because buyers are ordering more personalization than the company expected.
In the second quarter, revenue rose 8%, but operating profit rose 10%, which means each euro of sales is leaving more behind. Ferrari credits a richer mix of cars, with the F80 helping, along with more buyers paying up for personalization. Strip out currency swings, and the gap widens, with revenue up 11% and operating profit up 16%. Deliveries of the Purosangue and the 296 Speciale family grew even in the middle of a planned model changeover.
Cash and demand back that up. Industrial free cash flow jumped 39% to €276 million, and Ferrari also returned more than €800 million to shareholders through a dividend and buybacks. Racing helped too, as higher sponsorships and engine rentals to other Formula 1 teams lifted revenue. Meanwhile, the order book covers 2027 in full, and the new 12Cilindri Manuale is already fully allocated, which is about as strong a demand signal as a carmaker can send. Those trends are why revenue guidance moved up to about €7.60 billion from about €7.50 billion.
Part of the strength is timing. Operating profit got a boost from temporarily lower depreciation and amortization while Ferrari swaps out models, and the company says those charges will climb once the new cars enter production. Net profit also leaned on a 23.0% tax rate, which reflects an estimated benefit from the new Patent Box. Neither says much about how profitable the cars themselves are.
Costs are climbing too. Higher industrial and marketing expenses weighed on operating profit, EBITDA margin slipped to 39.0% from 39.7% a year earlier, and management expects heavier brand, racing and digital spending for the year. Currency is a drag as well, mostly from the dollar and the yen, which is why 11% growth at constant currency shrank to 8% as reported. Deliveries totaled 3,366 cars while the 296 GTS, Roma Spider and SF90 XX family wound down, and sponsorship, commercial and brand revenue grew just 2%. And the whole outlook leans on current visibility into the Middle East crisis, which Ferrari cannot control.
#Ferrari
In the second quarter, revenue rose 8%, but operating profit rose 10%, which means each euro of sales is leaving more behind. Ferrari credits a richer mix of cars, with the F80 helping, along with more buyers paying up for personalization. Strip out currency swings, and the gap widens, with revenue up 11% and operating profit up 16%. Deliveries of the Purosangue and the 296 Speciale family grew even in the middle of a planned model changeover.
Cash and demand back that up. Industrial free cash flow jumped 39% to €276 million, and Ferrari also returned more than €800 million to shareholders through a dividend and buybacks. Racing helped too, as higher sponsorships and engine rentals to other Formula 1 teams lifted revenue. Meanwhile, the order book covers 2027 in full, and the new 12Cilindri Manuale is already fully allocated, which is about as strong a demand signal as a carmaker can send. Those trends are why revenue guidance moved up to about €7.60 billion from about €7.50 billion.
Part of the strength is timing. Operating profit got a boost from temporarily lower depreciation and amortization while Ferrari swaps out models, and the company says those charges will climb once the new cars enter production. Net profit also leaned on a 23.0% tax rate, which reflects an estimated benefit from the new Patent Box. Neither says much about how profitable the cars themselves are.
Costs are climbing too. Higher industrial and marketing expenses weighed on operating profit, EBITDA margin slipped to 39.0% from 39.7% a year earlier, and management expects heavier brand, racing and digital spending for the year. Currency is a drag as well, mostly from the dollar and the yen, which is why 11% growth at constant currency shrank to 8% as reported. Deliveries totaled 3,366 cars while the 296 GTS, Roma Spider and SF90 XX family wound down, and sponsorship, commercial and brand revenue grew just 2%. And the whole outlook leans on current visibility into the Middle East crisis, which Ferrari cannot control.
#Ferrari
2 days ago
The Ethereum (CRYPTO: ETH) cryptocurrency is up 5.8% at 2:17 p.m. ET, floating atop a broad surge across the crypto sector. It's the kind of day where you almost expect stablecoins to rise, as the U.S. Securities and Exchange Commission (SEC) moved one step closer to permitting token-based trading of stock-type securities.
And Ethereum would benefit directly if tokenized stocks ever get the SEC's final stamp of approval. The news is a day old, but traders needed time to process the situation after a tumultuous week in which the Clarity Act failed to move forward.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our **** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
The SEC is allowing a new kind of venue to trade blockchain versions of regularly listed stocks without first registering as a stock exchange. It's temporary, it's capped, and it comes with strings attached.
This isn't retail investors buying tokenized stocks on a public blockchain tomorrow. It's explicitly a placeholder for further announcements. The tokenized securities venue (TSV) designation is essentially a bold but limited experiment.
#stocks #missed #investors
And Ethereum would benefit directly if tokenized stocks ever get the SEC's final stamp of approval. The news is a day old, but traders needed time to process the situation after a tumultuous week in which the Clarity Act failed to move forward.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our **** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
The SEC is allowing a new kind of venue to trade blockchain versions of regularly listed stocks without first registering as a stock exchange. It's temporary, it's capped, and it comes with strings attached.
This isn't retail investors buying tokenized stocks on a public blockchain tomorrow. It's explicitly a placeholder for further announcements. The tokenized securities venue (TSV) designation is essentially a bold but limited experiment.
#stocks #missed #investors
2 days ago
On August 10, Ferguson Enterprises Inc. (NYSE:FERG) reported results for the quarter ended June 30, and the numbers show a company growing straight through a soft housing market. Sales rose 4.6% to $8.8 billion, and management lifted its outlook for the full year. But profit grew more slowly than sales, and that gap is what makes this report worth a closer look.
The strongest engine was non-residential work, where US revenue jumped 8% on share gains in what management called a mixed market. Large capital projects are part of the story, with open order volumes growing and bidding activity strong, so there is a pipeline behind the current numbers. Housing, roughly half of revenue, is the weak spot. Yet residential sales still rose 2% in the US even though new construction is weak and repair work is soft, which means Ferguson is beating its markets rather than riding them.
Capital deployment is the second pillar. Ferguson closed five acquisitions in the quarter, and on July 13, it announced a deal for FWI Holdings, known as FloWorks, an industrial distributor of valves and flow-control products that is expected to close in the third quarter. The eight deals announced this year carry about $1.4 billion in annualized revenue, a second growth path alongside organic sales. Net debt sits at 1.3 times adjusted EBITDA, a level management calls strong. The company also returned cash, buying back $202 million of stock in the quarter and declaring a $0.89 dividend payable October 7 to holders of record on August 21. Management raised its full-year sales outlook to mid-single-digit growth, before counting FloWorks.
Start with the gap between sales and profit. Adjusted operating profit rose 2.9%, behind the 4.6% sales gain, and gross margin slipped 20 basis points to 31.0%. Ferguson notes that last year's gross margin was temporarily lifted by the timing of supplier price increases, which is fair context, but the direction is still down. Reported earnings per share of $3.43 rose 6.9%, while the adjusted figure of $3.39 grew a slower 5.3%.
Then there are the soft spots. About half of revenue comes from residential markets that management describes as subdued, so a 2% gain there is modest. Canada's sales slipped 1.9%, with a business divestment outweighing organic growth, and management calls the market there challenging, especially in residential. Management also describes the economic environment as uncertain, and the margin part of the guidance raise is small. The low end of the adjusted operating margin range moved from 9.4% to 9.5%, while the top stayed at 9.8%. The guidance also leaves out FloWorks, and net debt to adjusted EBITDA is 1.3 times, against 1.2 times a year ago.
#management
The strongest engine was non-residential work, where US revenue jumped 8% on share gains in what management called a mixed market. Large capital projects are part of the story, with open order volumes growing and bidding activity strong, so there is a pipeline behind the current numbers. Housing, roughly half of revenue, is the weak spot. Yet residential sales still rose 2% in the US even though new construction is weak and repair work is soft, which means Ferguson is beating its markets rather than riding them.
Capital deployment is the second pillar. Ferguson closed five acquisitions in the quarter, and on July 13, it announced a deal for FWI Holdings, known as FloWorks, an industrial distributor of valves and flow-control products that is expected to close in the third quarter. The eight deals announced this year carry about $1.4 billion in annualized revenue, a second growth path alongside organic sales. Net debt sits at 1.3 times adjusted EBITDA, a level management calls strong. The company also returned cash, buying back $202 million of stock in the quarter and declaring a $0.89 dividend payable October 7 to holders of record on August 21. Management raised its full-year sales outlook to mid-single-digit growth, before counting FloWorks.
Start with the gap between sales and profit. Adjusted operating profit rose 2.9%, behind the 4.6% sales gain, and gross margin slipped 20 basis points to 31.0%. Ferguson notes that last year's gross margin was temporarily lifted by the timing of supplier price increases, which is fair context, but the direction is still down. Reported earnings per share of $3.43 rose 6.9%, while the adjusted figure of $3.39 grew a slower 5.3%.
Then there are the soft spots. About half of revenue comes from residential markets that management describes as subdued, so a 2% gain there is modest. Canada's sales slipped 1.9%, with a business divestment outweighing organic growth, and management calls the market there challenging, especially in residential. Management also describes the economic environment as uncertain, and the margin part of the guidance raise is small. The low end of the adjusted operating margin range moved from 9.4% to 9.5%, while the top stayed at 9.8%. The guidance also leaves out FloWorks, and net debt to adjusted EBITDA is 1.3 times, against 1.2 times a year ago.
#management
3 days ago
XRP serves three live functions: cross-currency payment settlement, collateral at Ripple Prime, and streaming payments for AI software agents via Stripe's Machine Payments Protocol.
XRP's native Payment Channels enable streaming micropayments in one settlement transaction, a capability Ripple's own RLUSD stablecoin cannot yet match.
Agent payments remain in beta with zero live commercial volume, while payments and collateral already handle real institutional capital.
Just released. Our ****** ysts combed the entire stock market and named the ten best stocks to buy right now. The report is free. Enter your email and see if any of your stocks made the cut.
XRP (CRYPTO:XRP) serves three key functions. It facilitates payment settlements between currencies, acts as collateral for positions at prime brokers, and more recently, it covers expenses for software agents. The latter function was introduced through a standard co-authored by Stripe and Tempo, using XRP in a way Ripple's own dollar stablecoin has yet to achieve.
#payment #live #settlement #Streaming
XRP's native Payment Channels enable streaming micropayments in one settlement transaction, a capability Ripple's own RLUSD stablecoin cannot yet match.
Agent payments remain in beta with zero live commercial volume, while payments and collateral already handle real institutional capital.
Just released. Our ****** ysts combed the entire stock market and named the ten best stocks to buy right now. The report is free. Enter your email and see if any of your stocks made the cut.
XRP (CRYPTO:XRP) serves three key functions. It facilitates payment settlements between currencies, acts as collateral for positions at prime brokers, and more recently, it covers expenses for software agents. The latter function was introduced through a standard co-authored by Stripe and Tempo, using XRP in a way Ripple's own dollar stablecoin has yet to achieve.
#payment #live #settlement #Streaming
3 days ago
Artificial intelligence (AI) is rapidly changing the cybersecurity landscape, and CrowdStrike Holdings (CRWD) believes the threat is no longer theoretical. CEO George Kurtz recently described the situation as the "genie's out of the bottle," underscoring that AI capabilities are now widely available and can be exploited by attackers. CrowdStrike's 2026 Global Threat Report found that AI-enabled adversary activity surged 89% year-over-year, while the company has also observed attacks moving at machine speed.
Kurtz said AI agents should be secured like privileged users, with strict permissions, temporary credentials, and emergency shutdown capabilities, while humans retain control over critical decisions. He also urged AI companies such as Anthropic and OpenAI to work more closely with cybersecurity firms and independent evaluators to address emerging AI-related threats.
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#openai #year #crowdstrike
Kurtz said AI agents should be secured like privileged users, with strict permissions, temporary credentials, and emergency shutdown capabilities, while humans retain control over critical decisions. He also urged AI companies such as Anthropic and OpenAI to work more closely with cybersecurity firms and independent evaluators to address emerging AI-related threats.
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Nvidia, OpenAI, and Oracle's $745B Financing Circle Just Hit Its First Stress Test: A Fed Rate Hike
#openai #year #crowdstrike
3 days ago
The temporary closure of the key onshore pipeline Saudi Arabia uses to bypass the Strait of Hormuz has added another shock to an oil market already struggling with six months of Middle East supply disruptions.
And the damage now appears to be more extensive than initially believed.
Three pumping stations along Saudi Arabia's East-West pipeline were damaged in last week's attack, Reuters reported on Thursday, citing satellite imagery and industry sources. Earlier ***** sments had identified damage at two stations. Three sources told Reuters that repairs could take five to six weeks, although partial pumping could resume sooner.
Before the attack, the system was moving between 4 million and 5 million barrels per day (bpd), equivalent to roughly 4%–5% of global oil supply. Its total capacity is around 7 million bpd, including approximately 2 million bpd supplied to refineries.
Saudi Arabia shut the pipeline following multiple attacks on September 10. Satellite imagery previously published by MizarVision showed extensive fire and structural damage around pumping stations along the route.
#million #pumping #arabia
And the damage now appears to be more extensive than initially believed.
Three pumping stations along Saudi Arabia's East-West pipeline were damaged in last week's attack, Reuters reported on Thursday, citing satellite imagery and industry sources. Earlier ***** sments had identified damage at two stations. Three sources told Reuters that repairs could take five to six weeks, although partial pumping could resume sooner.
Before the attack, the system was moving between 4 million and 5 million barrels per day (bpd), equivalent to roughly 4%–5% of global oil supply. Its total capacity is around 7 million bpd, including approximately 2 million bpd supplied to refineries.
Saudi Arabia shut the pipeline following multiple attacks on September 10. Satellite imagery previously published by MizarVision showed extensive fire and structural damage around pumping stations along the route.
#million #pumping #arabia
4 days ago
Oil markets appear to have reached the inflection point that many ***** ysts had predicted weeks ago as the Middle East conflict re-escalated with no diplomatic push in sight and global inventories continue to slump.
Oil prices are back above $100 per barrel, lifting diesel and gasoline prices, including in the United States.
The Trump Administration is looking to downplay the price spikes it sees as only temporary. Prices would "drop like a rock" when the Iran war ends, U.S. President Donald Trump said, but he appears to have acknowledged that there may be no respite before the mid-term elections in early November.
Meanwhile, the record-high diesel prices and the highest gasoline prices for this time of year on record could do damage to the economy and consumer spending.
On Tuesday evening, the U.S. average diesel price hit $6.301 per gallon while gasoline prices jumped to an average of $4.355 per gallon, according to GasBuddy data.
#prices #Trump #price #record
Oil prices are back above $100 per barrel, lifting diesel and gasoline prices, including in the United States.
The Trump Administration is looking to downplay the price spikes it sees as only temporary. Prices would "drop like a rock" when the Iran war ends, U.S. President Donald Trump said, but he appears to have acknowledged that there may be no respite before the mid-term elections in early November.
Meanwhile, the record-high diesel prices and the highest gasoline prices for this time of year on record could do damage to the economy and consumer spending.
On Tuesday evening, the U.S. average diesel price hit $6.301 per gallon while gasoline prices jumped to an average of $4.355 per gallon, according to GasBuddy data.
#prices #Trump #price #record
4 days ago
By Katharine Jackson and Mike Scarcella
WASHINGTON, Sept 17 (Reuters) - A federal judge ordered President Donald Trump's administration on Thursday to provide at least 30 days' notice before taking any steps to demolish the Kennedy Center, the landmark performing arts venue that has become a flashpoint in his efforts to reshape the U.S. capital.
U.S. District Judge Christopher Cooper issued the order after lawyers for a Democratic congresswoman who is suing to keep the venue open and Trump's name off its facade submitted new evidence citing the Republican president's comments on Wednesday referring to demolishing the Kennedy Center.
"I think that the Trump administration should certainly have recognition. Because frankly, if we don't do that, it's going to close. It'll end up being ripped down," Trump told reporters in North Carolina, referring to putting his name on the facility established by Congress and opened in 1971 as a memorial to slain President John Kennedy.
Matt Floca, the Kennedy Center's Trump-backed executive director, said in a court filing earlier on Thursday that the building was being temporarily closed to ****** s safety risks in areas "exhibiting severe structural deterioration."
#president #venue
WASHINGTON, Sept 17 (Reuters) - A federal judge ordered President Donald Trump's administration on Thursday to provide at least 30 days' notice before taking any steps to demolish the Kennedy Center, the landmark performing arts venue that has become a flashpoint in his efforts to reshape the U.S. capital.
U.S. District Judge Christopher Cooper issued the order after lawyers for a Democratic congresswoman who is suing to keep the venue open and Trump's name off its facade submitted new evidence citing the Republican president's comments on Wednesday referring to demolishing the Kennedy Center.
"I think that the Trump administration should certainly have recognition. Because frankly, if we don't do that, it's going to close. It'll end up being ripped down," Trump told reporters in North Carolina, referring to putting his name on the facility established by Congress and opened in 1971 as a memorial to slain President John Kennedy.
Matt Floca, the Kennedy Center's Trump-backed executive director, said in a court filing earlier on Thursday that the building was being temporarily closed to ****** s safety risks in areas "exhibiting severe structural deterioration."
#president #venue
4 days ago
Our ******* ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Management is deliberately shifting the business model toward a more diversified energy company by balancing legacy long-life non-operated ******* ets with high-margin mineral and royalty interests.
The fourth quarter recovery was driven by the roll-off of temporary operational items, increased production, and improved operating costs per barrel, which more than doubled adjusted EBITDA sequentially.
Portfolio resilience was demonstrated by stronger liquids pricing and improved operations offsetting persistent natural gas pricing headwinds and regional differentials.
The company maintains a 'steady as she goes' outlook for oil demand while anticipating long-term natural gas demand growth from LNG expansion and data center power needs.
#company #improved #demand #NVIDIA
Management is deliberately shifting the business model toward a more diversified energy company by balancing legacy long-life non-operated ******* ets with high-margin mineral and royalty interests.
The fourth quarter recovery was driven by the roll-off of temporary operational items, increased production, and improved operating costs per barrel, which more than doubled adjusted EBITDA sequentially.
Portfolio resilience was demonstrated by stronger liquids pricing and improved operations offsetting persistent natural gas pricing headwinds and regional differentials.
The company maintains a 'steady as she goes' outlook for oil demand while anticipating long-term natural gas demand growth from LNG expansion and data center power needs.
#company #improved #demand #NVIDIA
4 days ago
Some refiners in ******* an this week rushed to buy Oman's crude for earlier loadings after Saudi Arabia shut down its key pipeline bypassing the Strait of Hormuz, traders with knowledge of the purchases told Bloomberg on Wednesday.
Late last week, Saudi Arabia was forced to temporarily shut down the East-West oil pipeline following drone attacks launched from the territory of Iraq close to the Iranian border on Thursday. The shutdown of the pipeline is a precautionary measure, after the attacks resulted in a number of injuries, the world's top crude oil exporter said.
The 750-mile-long East-West pipeline became Saudi Arabia's vital oil route to bypass the Strait of Hormuz after the Middle East conflict started and Hormuz was closed to shipping traffic. Thanks to the East-West pipeline, the Kingdom has managed to re-route most of its crude loadings from the western ports in the Persian Gulf to the Red Sea port of Yanbu.
Apart from announcing the shutdown of the pipeline and condemning the attacks, Saudi Arabia has not officially updated the market either on the extent of the damage or the timelines for repairs.
The repairs could take three to five weeks, two regional officials briefed on the matter told The ******* ociated Press.
#hormuz #strait
Late last week, Saudi Arabia was forced to temporarily shut down the East-West oil pipeline following drone attacks launched from the territory of Iraq close to the Iranian border on Thursday. The shutdown of the pipeline is a precautionary measure, after the attacks resulted in a number of injuries, the world's top crude oil exporter said.
The 750-mile-long East-West pipeline became Saudi Arabia's vital oil route to bypass the Strait of Hormuz after the Middle East conflict started and Hormuz was closed to shipping traffic. Thanks to the East-West pipeline, the Kingdom has managed to re-route most of its crude loadings from the western ports in the Persian Gulf to the Red Sea port of Yanbu.
Apart from announcing the shutdown of the pipeline and condemning the attacks, Saudi Arabia has not officially updated the market either on the extent of the damage or the timelines for repairs.
The repairs could take three to five weeks, two regional officials briefed on the matter told The ******* ociated Press.
#hormuz #strait
5 days ago
As markets anxiously await the outcome of the current FOMC meeting, Treasury yields notched new 19-year highs in trading Tuesday. The closely watched 10-year surpassed 5.0% Tuesday morning in a high not seen since July 2007. Even the 30-year Treasury yield rose sharply, hitting 5.4%, its highest since June 2007.
In addition to worries over persistent, rising core inflation (one of the Fed's preferred inflation measurements), skyrocketing oil prices and shortages create further pressure on Treasuries. Currently, the rolling one-month correlation between the 10-year Treasury yield and front-month WTI (West Texas Intermediate) crude sits at 0.96 per BMO Capital Markets ****** ysis.
Bond yields and oil prices have moved in tandem for much of this year as investors position for the longer-term inflationary impact of higher oil prices. And with major oil execs sounding the alarm on global supply cache shortages and strategic reserves depletion that help to temporarily soften spiking oil prices for consumers, these pricing pressures are likely to continue in the near-term. Saudi Arabia announced the closure of its East-West pipeline that bypassed the Strait of Hormuz after it came under attack late last week, and cancelled some shipments to Europe, reported Reuters.
"Normally, the relationship isn't as clean as it is now, but the geopolitical drivers behind the price of oil and global inflation are so prominent that the normally modest correlation has become much tighter," Steve Sosnick, Chief Strategist, Interactive Brokers told CNBC. "As long as oil prices remain firm and continue to drift higher, this will add pressure to interest rates."
As macro uncertainty continues and inflation persists, bonds and oil/energy will be categories to keep a weather eye towards and could see renewed ETF investor attention. Currently, investors are seizing the opportunity in longer-term bonds, with $9.7 billion flowing into the iShares 20+ Year Treasury Bond ETF (TLT) in the last three months though the fund is only up $3.4 billion net YTD according to FactSet data. It will be a category likely to see action in the wake of the FOMC rate decision. As bond yields climb, prices fall as they move inverse to each other, and should yields climb higher, investors may choose to scoop up longer duration bonds at depreciated prices for future gains. However, an exodus is more likely until the path of rate hikes becomes more certain.
#treasury #longer #higher
In addition to worries over persistent, rising core inflation (one of the Fed's preferred inflation measurements), skyrocketing oil prices and shortages create further pressure on Treasuries. Currently, the rolling one-month correlation between the 10-year Treasury yield and front-month WTI (West Texas Intermediate) crude sits at 0.96 per BMO Capital Markets ****** ysis.
Bond yields and oil prices have moved in tandem for much of this year as investors position for the longer-term inflationary impact of higher oil prices. And with major oil execs sounding the alarm on global supply cache shortages and strategic reserves depletion that help to temporarily soften spiking oil prices for consumers, these pricing pressures are likely to continue in the near-term. Saudi Arabia announced the closure of its East-West pipeline that bypassed the Strait of Hormuz after it came under attack late last week, and cancelled some shipments to Europe, reported Reuters.
"Normally, the relationship isn't as clean as it is now, but the geopolitical drivers behind the price of oil and global inflation are so prominent that the normally modest correlation has become much tighter," Steve Sosnick, Chief Strategist, Interactive Brokers told CNBC. "As long as oil prices remain firm and continue to drift higher, this will add pressure to interest rates."
As macro uncertainty continues and inflation persists, bonds and oil/energy will be categories to keep a weather eye towards and could see renewed ETF investor attention. Currently, investors are seizing the opportunity in longer-term bonds, with $9.7 billion flowing into the iShares 20+ Year Treasury Bond ETF (TLT) in the last three months though the fund is only up $3.4 billion net YTD according to FactSet data. It will be a category likely to see action in the wake of the FOMC rate decision. As bond yields climb, prices fall as they move inverse to each other, and should yields climb higher, investors may choose to scoop up longer duration bonds at depreciated prices for future gains. However, an exodus is more likely until the path of rate hikes becomes more certain.
#treasury #longer #higher
5 days ago
The yuan-denominated crude oil futures trading in China hit this week their highest level since the contract was launched in 2018 as escalating threats to Middle East's oil supply and increased purchases by Chinese refiners push prices higher.
Launched in March 2018, the INE crude oil futures contract (SC) is a physical-settlement contract priced and traded in Chinese yuan on the Shanghai International Energy Exchange.
The crude futures soared to as much as 929.4 yuan, or $138.50 per barrel, on the exchange, according to data compiled by Bloomberg.
The price spike followed the intensified concerns about supply from the Middle East after the East-West oil pipeline in Saudi Arabia was attacked by drones late last week, forcing the Kingdom to temporarily shut it down.
The international crude oil benchmarks also rallied at the start of this week. As of Tuesday, no timeline has been given as to when the pipeline would come back and continue helping Saudi Arabia bypass the Strait of Hormuz with shipments out of the Red Sea port of Yanbu.
#contract #east #saudi
Launched in March 2018, the INE crude oil futures contract (SC) is a physical-settlement contract priced and traded in Chinese yuan on the Shanghai International Energy Exchange.
The crude futures soared to as much as 929.4 yuan, or $138.50 per barrel, on the exchange, according to data compiled by Bloomberg.
The price spike followed the intensified concerns about supply from the Middle East after the East-West oil pipeline in Saudi Arabia was attacked by drones late last week, forcing the Kingdom to temporarily shut it down.
The international crude oil benchmarks also rallied at the start of this week. As of Tuesday, no timeline has been given as to when the pipeline would come back and continue helping Saudi Arabia bypass the Strait of Hormuz with shipments out of the Red Sea port of Yanbu.
#contract #east #saudi
5 days ago
Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Saleable coal production grew 8% to 11.5 million tonnes, exceeding guidance due to the successful ramp-up of New Acland and Bengalla returning to nameplate capacity.
Management attributed the 10% decline in average realized price to $145 per tonne to broader market cyclicality, though low-cost ****** ets maintained a resilient $45 per tonne margin.
Bengalla's performance was impacted by a temporary increase in strip ratio and pit resequencing following significant weather events late in the 2025 financial year.
The group shifted its primary safety metric to High Potential Event Frequency Rate (HPEFR) to focus on preventing fatal or life-altering risks rather than just traditional injury counts.
#tell #Event
Saleable coal production grew 8% to 11.5 million tonnes, exceeding guidance due to the successful ramp-up of New Acland and Bengalla returning to nameplate capacity.
Management attributed the 10% decline in average realized price to $145 per tonne to broader market cyclicality, though low-cost ****** ets maintained a resilient $45 per tonne margin.
Bengalla's performance was impacted by a temporary increase in strip ratio and pit resequencing following significant weather events late in the 2025 financial year.
The group shifted its primary safety metric to High Potential Event Frequency Rate (HPEFR) to focus on preventing fatal or life-altering risks rather than just traditional injury counts.
#tell #Event
5 days ago
The yuan-denominated crude oil futures trading in China hit this week their highest level since the contract was launched in 2018 as escalating threats to Middle East's oil supply and increased purchases by Chinese refiners push prices higher.
Launched in March 2018, the INE crude oil futures contract (SC) is a physical-settlement contract priced and traded in Chinese yuan on the Shanghai International Energy Exchange.
The crude futures soared to as much as 929.4 yuan, or $138.50 per barrel, on the exchange, according to data compiled by Bloomberg.
The price spike followed the intensified concerns about supply from the Middle East after the East-West oil pipeline in Saudi Arabia was attacked by drones late last week, forcing the Kingdom to temporarily shut it down.
The international crude oil benchmarks also rallied at the start of this week. As of Tuesday, no timeline has been given as to when the pipeline would come back and continue helping Saudi Arabia bypass the Strait of Hormuz with shipments out of the Red Sea port of Yanbu.
#crude #futures #middle #saudi
Launched in March 2018, the INE crude oil futures contract (SC) is a physical-settlement contract priced and traded in Chinese yuan on the Shanghai International Energy Exchange.
The crude futures soared to as much as 929.4 yuan, or $138.50 per barrel, on the exchange, according to data compiled by Bloomberg.
The price spike followed the intensified concerns about supply from the Middle East after the East-West oil pipeline in Saudi Arabia was attacked by drones late last week, forcing the Kingdom to temporarily shut it down.
The international crude oil benchmarks also rallied at the start of this week. As of Tuesday, no timeline has been given as to when the pipeline would come back and continue helping Saudi Arabia bypass the Strait of Hormuz with shipments out of the Red Sea port of Yanbu.
#crude #futures #middle #saudi
5 days ago
Our **** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Saleable coal production grew 8% to 11.5 million tonnes, exceeding guidance due to the successful ramp-up of New Acland and Bengalla returning to nameplate capacity.
Management attributed the 10% decline in average realized price to $145 per tonne to broader market cyclicality, though low-cost **** ets maintained a resilient $45 per tonne margin.
Bengalla's performance was impacted by a temporary increase in strip ratio and pit resequencing following significant weather events late in the 2025 financial year.
The group shifted its primary safety metric to High Potential Event Frequency Rate (HPEFR) to focus on preventing fatal or life-altering risks rather than just traditional injury counts.
#tonne #saleable #acland
Saleable coal production grew 8% to 11.5 million tonnes, exceeding guidance due to the successful ramp-up of New Acland and Bengalla returning to nameplate capacity.
Management attributed the 10% decline in average realized price to $145 per tonne to broader market cyclicality, though low-cost **** ets maintained a resilient $45 per tonne margin.
Bengalla's performance was impacted by a temporary increase in strip ratio and pit resequencing following significant weather events late in the 2025 financial year.
The group shifted its primary safety metric to High Potential Event Frequency Rate (HPEFR) to focus on preventing fatal or life-altering risks rather than just traditional injury counts.
#tonne #saleable #acland
7 days ago
Rookie defensive back Mansoor Delane is questionable to return to the Kansas City Chiefs' Week 1 matchup against the Denver Broncos on 'Monday Night Football' after sustaining a shoulder injury in the first quarter of the primetime tilt.
Delane joined Kansas City as the No. 6 overall pick in the first round of the 2026 NFL Draft and recorded his first career interception in front of a national audience on the game's first drive, which gave the Chiefs an early advantage over Denver.
The Chiefs shared an official update on Delane's status in a post to their official Twitter account:
While it remains unclear if Delane will be able to return to the field in Week 1, Chiefs defensive coordinator Steve Spagnuolo is already adjusting his scheme to account for the former LSU Tiger's absence.
Stay tuned to find out if Delane's absence will prove to be temporary, or if the rookie defender will need to miss games due to his shoulder injury.
#kansas #city #rookie #defensive
Delane joined Kansas City as the No. 6 overall pick in the first round of the 2026 NFL Draft and recorded his first career interception in front of a national audience on the game's first drive, which gave the Chiefs an early advantage over Denver.
The Chiefs shared an official update on Delane's status in a post to their official Twitter account:
While it remains unclear if Delane will be able to return to the field in Week 1, Chiefs defensive coordinator Steve Spagnuolo is already adjusting his scheme to account for the former LSU Tiger's absence.
Stay tuned to find out if Delane's absence will prove to be temporary, or if the rookie defender will need to miss games due to his shoulder injury.
#kansas #city #rookie #defensive
7 days ago
On September 10, IBEX Limited (NASDAQ:IBEX) held its fourth-quarter and full fiscal year 2026 earnings call, and the numbers backed up a message management has been building toward for months. The company posted record full-year revenue, adjusted EBITDA, and free cash flow, all while pitching itself as a business that has flipped the AI narrative in its favor rather than becoming its next casualty. For a sector that has spent the last two years bracing for automation to gut it, that is a notable claim to back with actual client wins.
Full-year revenue hit $644.1 million, up 15.4% organically, and fourth-quarter revenue reached $164.3 million, up 11.6% from a year earlier. That marked the sixth straight quarter of double-digit growth, a streak that suggests the momentum is not a one-off. HealthTech led the charge, climbing 38.5% to $114 million for the year and blowing past the $100 million target management had set for the segment, driven largely by demand from large insurance payers. Technology grew 27.4% in the quarter, while travel and logistics added 17.8%, helped by a new AI agent partnership with Philippine Airlines.
That Philippine Airlines deal is the clearest evidence that IBEX's Sierra AI partnership, formalized in January and announced publicly in May, is more than a slide in an investor deck. During the proof of concept, the AI agent handled interactions in English, Tagalog, and Taglish, hit resolution rates above 20%, and scored a 4.7 out of 5.0 on customer satisfaction, on par with human agents. A separate deployment for BJ's Wholesale pushed resolution rates above 40% and matched that same satisfaction score, beating the marks the client's prior BPO vendor had put up with human agents alone. The company added 17 new trophy logo clients across the year, and its top five clients now make up 33% of revenue, down from 36%, a sign the business is not leaning on a shrinking handful of accounts to carry it.
Not every line moved in the right direction. Fourth quarter GAAP net income slipped to $8.7 million from $9.6 million a year earlier, and diluted EPS fell to $0.59 from $0.66. Management pointed to training costs tied to all those new client wins, a temporary hit from shifting work out of nearshore centers into offshore ones, and higher fuel prices hitting utility and transportation costs, particularly offshore. Adjusted EBITDA margin for the quarter slipped to 12.3% from 13.9%, the same set of pressures showing up in the profitability line rather than just net income.
#revenue #fourth
Full-year revenue hit $644.1 million, up 15.4% organically, and fourth-quarter revenue reached $164.3 million, up 11.6% from a year earlier. That marked the sixth straight quarter of double-digit growth, a streak that suggests the momentum is not a one-off. HealthTech led the charge, climbing 38.5% to $114 million for the year and blowing past the $100 million target management had set for the segment, driven largely by demand from large insurance payers. Technology grew 27.4% in the quarter, while travel and logistics added 17.8%, helped by a new AI agent partnership with Philippine Airlines.
That Philippine Airlines deal is the clearest evidence that IBEX's Sierra AI partnership, formalized in January and announced publicly in May, is more than a slide in an investor deck. During the proof of concept, the AI agent handled interactions in English, Tagalog, and Taglish, hit resolution rates above 20%, and scored a 4.7 out of 5.0 on customer satisfaction, on par with human agents. A separate deployment for BJ's Wholesale pushed resolution rates above 40% and matched that same satisfaction score, beating the marks the client's prior BPO vendor had put up with human agents alone. The company added 17 new trophy logo clients across the year, and its top five clients now make up 33% of revenue, down from 36%, a sign the business is not leaning on a shrinking handful of accounts to carry it.
Not every line moved in the right direction. Fourth quarter GAAP net income slipped to $8.7 million from $9.6 million a year earlier, and diluted EPS fell to $0.59 from $0.66. Management pointed to training costs tied to all those new client wins, a temporary hit from shifting work out of nearshore centers into offshore ones, and higher fuel prices hitting utility and transportation costs, particularly offshore. Adjusted EBITDA margin for the quarter slipped to 12.3% from 13.9%, the same set of pressures showing up in the profitability line rather than just net income.
#revenue #fourth
7 days ago
Kalib Perry is officially cleared to play for Louisville football (for now) and will be able to play in Saturday's game against No. 16 SMU.
On Monday, Sept. 14, a Jefferson County judge granted the linebacker's motion to join a lawsuit that granted several other athletes a temporary restraining order on the NCAA's stay request in the Wisne v. NCAA case. The stay request deemed those who entered college in 2022 ineligible of receiving a fifth year under the NCAA's new 5-for-5 ruling. Cardinals cornerback Jabari Mack is also part of the TRO and had two tackles and two pass breakups in the season opener.
Perry missed the first two games but is listed on the Cards' 2026 roster. He and Mack announced plans to come back to Louisville under the new 5-for-5 rule Aug. 15. They were active participants during the latter stages of fall camp until the NCAA's stay request was granted Aug. 21. Mack wasn't affected, having been part of the initial TRO, while Perry was deemed ineligible.
"Pretty much every day, we just call over compliance," Louisville head football coach Jeff Brohm said Aug. 21. "They tell us what we can do and not do, and we roll with it. … If your guys are here, you'd like them to be able to practice and play. So we're hopeful that can happen."
Perry was granted a motion to join the local lawsuit and apply the TRO to his eligibility on Sept. 3 but the NCAA filed an emergency appeal, which was denied, and a regular appeal after. In response to Perry's motion, the NCAA stated Thursday that Perry's inclusion "raises complex legal and factual issues that are not part of the primary dispute before the Court." It cited the football player having entered the NFL draft, though he went undrafted, and participated in NFL minicamps with the San Francisco 49ers and Tennessee ******* ans. On Aug. 27, the ACC released a statement that banned players that "previously declared for an NFL, NBA or WNBA Draft, and did not appropriately withdraw consistent with NCAA requirements to retain eligibility."
#mack
On Monday, Sept. 14, a Jefferson County judge granted the linebacker's motion to join a lawsuit that granted several other athletes a temporary restraining order on the NCAA's stay request in the Wisne v. NCAA case. The stay request deemed those who entered college in 2022 ineligible of receiving a fifth year under the NCAA's new 5-for-5 ruling. Cardinals cornerback Jabari Mack is also part of the TRO and had two tackles and two pass breakups in the season opener.
Perry missed the first two games but is listed on the Cards' 2026 roster. He and Mack announced plans to come back to Louisville under the new 5-for-5 rule Aug. 15. They were active participants during the latter stages of fall camp until the NCAA's stay request was granted Aug. 21. Mack wasn't affected, having been part of the initial TRO, while Perry was deemed ineligible.
"Pretty much every day, we just call over compliance," Louisville head football coach Jeff Brohm said Aug. 21. "They tell us what we can do and not do, and we roll with it. … If your guys are here, you'd like them to be able to practice and play. So we're hopeful that can happen."
Perry was granted a motion to join the local lawsuit and apply the TRO to his eligibility on Sept. 3 but the NCAA filed an emergency appeal, which was denied, and a regular appeal after. In response to Perry's motion, the NCAA stated Thursday that Perry's inclusion "raises complex legal and factual issues that are not part of the primary dispute before the Court." It cited the football player having entered the NFL draft, though he went undrafted, and participated in NFL minicamps with the San Francisco 49ers and Tennessee ******* ans. On Aug. 27, the ACC released a statement that banned players that "previously declared for an NFL, NBA or WNBA Draft, and did not appropriately withdraw consistent with NCAA requirements to retain eligibility."
#mack
7 days ago
The Cooper Companies, Inc. (NASDAQ:COO) cut its fiscal 2026 profit and revenue forecasts after weaker-than-expected demand for contact lenses weighed on its CooperVision business. The company now expects adjusted earnings of $4.51–$4.55 per share, down from its previous forecast of $4.58–$4.66, while revenue guidance was reduced to $4.23–$4.25 billion from $4.29–$4.32 billion. Third-quarter revenue came in at $1.07 billion, below Wall Street's $1.10 billion estimate, although adjusted EPS of $1.15 beat expectations.
The weakness was concentrated in CooperVision, where revenue fell to $717 million. Cooper said a reduction in U.S. channel inventory hurt results and is expected to continue affecting the fourth quarter. At the same time, the company completed its strategic review and decided to retain CooperSurgical rather than sell the business.
The biggest bullish argument is that some of the current weakness may be temporary rather than a fundamental deterioration in the contact lens market. The Cooper Companies, Inc. (NASDAQ:COO) specifically pointed to U.S. channel inventory reductions, meaning part of the sales pressure reflects distributors and customers working through existing stock rather than consumers permanently abandoning contact lenses. If inventories normalize, CooperVision could see a recovery in sales growth.
Cooper also continues to have a strong position in the global contact lens market. The company is investing in new products, expanding CooperVision's sales and marketing organization and improving inventory and logistics operations. Its strategic review also identified opportunities to reduce costs and improve operational efficiency.
There are encouraging signs beneath the weak headline numbers. Adjusted third-quarter EPS still increased 4% year over year to $1.15, while free cash flow jumped 66% to $273 million. The Cooper Companies, Inc. (NASDAQ:COO) also increased its share-repurchase authorization from $2 billion to $3 billion, giving the company another way to support per-share earnings if the stock remains depressed.
#Companies #revenue #contact #coopervision
The weakness was concentrated in CooperVision, where revenue fell to $717 million. Cooper said a reduction in U.S. channel inventory hurt results and is expected to continue affecting the fourth quarter. At the same time, the company completed its strategic review and decided to retain CooperSurgical rather than sell the business.
The biggest bullish argument is that some of the current weakness may be temporary rather than a fundamental deterioration in the contact lens market. The Cooper Companies, Inc. (NASDAQ:COO) specifically pointed to U.S. channel inventory reductions, meaning part of the sales pressure reflects distributors and customers working through existing stock rather than consumers permanently abandoning contact lenses. If inventories normalize, CooperVision could see a recovery in sales growth.
Cooper also continues to have a strong position in the global contact lens market. The company is investing in new products, expanding CooperVision's sales and marketing organization and improving inventory and logistics operations. Its strategic review also identified opportunities to reduce costs and improve operational efficiency.
There are encouraging signs beneath the weak headline numbers. Adjusted third-quarter EPS still increased 4% year over year to $1.15, while free cash flow jumped 66% to $273 million. The Cooper Companies, Inc. (NASDAQ:COO) also increased its share-repurchase authorization from $2 billion to $3 billion, giving the company another way to support per-share earnings if the stock remains depressed.
#Companies #revenue #contact #coopervision
8 days ago
New details are emerging regarding the investigation into Hayden Panettiere's death.
The probe into the actress' death has become a "cross-country investigation" in both Los Angeles and South Carolina, per ABC News. The type of drugs and where they came from has become a new focal point in the investigation.
TMZ subsequently reported that Panettiere had a "long time drug dealer" in Los Angeles who allegedly gave her several prescription drugs, including oxycodone. The outlet's sources suggest she purchased the fatal dose on a flight from L.A. to South Carolina, where she died on Aug. 16 at 36. TMZ reports that the pill she took the morning of her death could have allegedly been laced with fentanyl.
On Aug. 16, first responders had found Panettiere "unresponsive" and "in cardiac arrest" at the apartment complex she had been temporarily staying, per the Greenville County Coroner's Office. After "resuscitation efforts were unsuccessful," she was **** ounced dead at the scene.
The coroner's office reported that the autopsy was completed on Aug. 17, and there were "no signs of trauma" that "would have contributed to the death."
#investigation #panettiere #become #drugs
The probe into the actress' death has become a "cross-country investigation" in both Los Angeles and South Carolina, per ABC News. The type of drugs and where they came from has become a new focal point in the investigation.
TMZ subsequently reported that Panettiere had a "long time drug dealer" in Los Angeles who allegedly gave her several prescription drugs, including oxycodone. The outlet's sources suggest she purchased the fatal dose on a flight from L.A. to South Carolina, where she died on Aug. 16 at 36. TMZ reports that the pill she took the morning of her death could have allegedly been laced with fentanyl.
On Aug. 16, first responders had found Panettiere "unresponsive" and "in cardiac arrest" at the apartment complex she had been temporarily staying, per the Greenville County Coroner's Office. After "resuscitation efforts were unsuccessful," she was **** ounced dead at the scene.
The coroner's office reported that the autopsy was completed on Aug. 17, and there were "no signs of trauma" that "would have contributed to the death."
#investigation #panettiere #become #drugs
9 days ago
Former Florida State forward Alex Steen suffered a setback in his effort to secure another season of college basketball eligibility, according to Chris Nee of Noles247. Leon County Circuit Court Judge David M. Frank denied Steen's verified emergency motion for a temporary and preliminary injunction on Friday, Sept. 11. Steen is suing the NCAA in an effort to obtain a fifth season of eligibility for the 2026-27 season.
Steen and attorneys representing both sides appeared before Frank for a hearing on Sept. 2. The former Seminole is part of the 2022 high school class and played four consecutive college seasons without redshirting. His lawsuit challenges his exclusion from the NCAA's new eligibility framework that provides five seasons of competition to athletes from the 2023 class and beyond.
Under Florida law, Steen needed to satisfy four requirements to receive a temporary injunction: a substantial likelihood of success on the merits, no adequate remedy at law, irreparable harm without an injunction, and a showing that granting relief would serve the public interest. Frank determined Steen had not met the necessary standard.
The court found Steen's claimed losses involving practices, workouts, team activities, recruiting conversations, and professional evaluation were not supported by sufficient evidence and remained speculative. Frank also wrote that potential lost NIL income could be measured financially and therefore addressed through monetary damages.
Frank additionally determined a temporary injunction would not serve the public interest, reasoning that granting one player another season could affect roster spots, playing time, scholarships, and revenue-sharing allocations for other athletes.
#steen #frank #eligibility
Steen and attorneys representing both sides appeared before Frank for a hearing on Sept. 2. The former Seminole is part of the 2022 high school class and played four consecutive college seasons without redshirting. His lawsuit challenges his exclusion from the NCAA's new eligibility framework that provides five seasons of competition to athletes from the 2023 class and beyond.
Under Florida law, Steen needed to satisfy four requirements to receive a temporary injunction: a substantial likelihood of success on the merits, no adequate remedy at law, irreparable harm without an injunction, and a showing that granting relief would serve the public interest. Frank determined Steen had not met the necessary standard.
The court found Steen's claimed losses involving practices, workouts, team activities, recruiting conversations, and professional evaluation were not supported by sufficient evidence and remained speculative. Frank also wrote that potential lost NIL income could be measured financially and therefore addressed through monetary damages.
Frank additionally determined a temporary injunction would not serve the public interest, reasoning that granting one player another season could affect roster spots, playing time, scholarships, and revenue-sharing allocations for other athletes.
#steen #frank #eligibility
9 days ago
On September 8, a caller inquired if Trinity Industries, Inc. (NYSE:TRN) is worth looking at after its recent pullback. Mad Money host Jim Cramer replied:
Yes, Railcar, shouldn't be down this much. I like your thinking. You waited for the big hit. Now, it's in a good place. I would pull the trigger.
Trinity Industries, Inc. (NYSE:TRN) has faced a sharp correction, pulling back significantly from its 52-week high of $38.31. Despite this downward pressure, the company's fundamental **** et base remains exceptionally stable. In its second-quarter earnings report, the company posted total revenues of $485 million and diluted earnings per share from continuing operations of $1.25, with earnings benefiting from a $132 million non-cash pre-tax gain tied to the Napier Park railcar partnership transaction.
The leasing and services segment continues to support the business, posting a robust fleet utilization rate of 97.3% and an improved lease renewal success rate of 75%. In addition, the Future Lease Rate Differential improved to +3.5%, showing healthy pricing power on expiring contracts. Management reaffirmed its full-year EPS guidance of $2.20 to $2.40, supported by a solid railcar backlog standing at $1.6 billion.
The primary catalyst for Trinity Industries, Inc.'s (NYSE:TRN) recent sell-off stems from margin compression within the Rail Products manufacturing division. Operating margins in manufacturing faced pressure from an unplanned production interruption at the Longview manufacturing facility and temporary realignment expenses tied to the company's Mexican footprint. These localized execution issues overshadowed a strong quarterly performance in leasing, causing the stock to drift below both its 50-day and 200-day moving average.
#trinity
Yes, Railcar, shouldn't be down this much. I like your thinking. You waited for the big hit. Now, it's in a good place. I would pull the trigger.
Trinity Industries, Inc. (NYSE:TRN) has faced a sharp correction, pulling back significantly from its 52-week high of $38.31. Despite this downward pressure, the company's fundamental **** et base remains exceptionally stable. In its second-quarter earnings report, the company posted total revenues of $485 million and diluted earnings per share from continuing operations of $1.25, with earnings benefiting from a $132 million non-cash pre-tax gain tied to the Napier Park railcar partnership transaction.
The leasing and services segment continues to support the business, posting a robust fleet utilization rate of 97.3% and an improved lease renewal success rate of 75%. In addition, the Future Lease Rate Differential improved to +3.5%, showing healthy pricing power on expiring contracts. Management reaffirmed its full-year EPS guidance of $2.20 to $2.40, supported by a solid railcar backlog standing at $1.6 billion.
The primary catalyst for Trinity Industries, Inc.'s (NYSE:TRN) recent sell-off stems from margin compression within the Rail Products manufacturing division. Operating margins in manufacturing faced pressure from an unplanned production interruption at the Longview manufacturing facility and temporary realignment expenses tied to the company's Mexican footprint. These localized execution issues overshadowed a strong quarterly performance in leasing, causing the stock to drift below both its 50-day and 200-day moving average.
#trinity
9 days ago
A horse named Coach Pope, after Kentucky basketball head coach Mark Pope, picked up his first win in a Maiden Special Weight race at Churchill Downs during the first weekend of the track's September Meet.
The 2-year-old colt, who entered the race as a 1/1 favorite, pulled away to win by 1½ lengths. Coach Pope completed the one-mile race on a fast track in 1:35.77.
Ridden by Jose Ortiz — who won the Kentucky Derby and Belmont Stakes aboard Golden Tempo, as well as the Kentucky Oaks with Always a Runner — Coach Pope broke well and raced close before breaking away after the final turn, passing Fullback and Justification.
Congrats to KennyMcPeek & jose93_ortiz & Coach Pope sired by the legendary Tapit on a massive 12.5 length victory ChurchillDowns today!
AND CATS up by 4 at half! Let's Go! pic.twitter.com/lG7GxRomh9
The colt is trained by Kenny McPeek and owned by Gainsway Stable, Shamrock Stables and Michael J. Mackin.
#coach #race
The 2-year-old colt, who entered the race as a 1/1 favorite, pulled away to win by 1½ lengths. Coach Pope completed the one-mile race on a fast track in 1:35.77.
Ridden by Jose Ortiz — who won the Kentucky Derby and Belmont Stakes aboard Golden Tempo, as well as the Kentucky Oaks with Always a Runner — Coach Pope broke well and raced close before breaking away after the final turn, passing Fullback and Justification.
Congrats to KennyMcPeek & jose93_ortiz & Coach Pope sired by the legendary Tapit on a massive 12.5 length victory ChurchillDowns today!
AND CATS up by 4 at half! Let's Go! pic.twitter.com/lG7GxRomh9
The colt is trained by Kenny McPeek and owned by Gainsway Stable, Shamrock Stables and Michael J. Mackin.
#coach #race
9 days ago
PAWTUCKET – Jim Fleming wasn't interested in capping his team's best drive of the day with a field goal.
A short kick would have meant the lead early in the fourth quarter at Centreville Bank Stadium, but the University of Rhode Island coach felt more was needed. The Rams hadn't come all the way out from their own 2 to settle.
Terrence Campbell smashed up the middle from 1 yard out, a touchdown that served as fuel for No. 8 URI over the final 15 minutes. What was a frustrating, tense start to this Coastal Athletic ***** ociation opener with Elon wound up a relatively comfortable victory.
The Rams forced five turnovers and finally found some offensive rhythm in the second half while posting a 31-10 triumph on brilliant Saturday afternoon, Sept. 12. That's now 16 straight for URI in home games, and this temporary residence while Meade Stadium undergoes its extensive renovation was christened properly.
"You were wondering what the heck was going on in the first half," Fleming said. "As is representative of this group, they continue to go ahead and find ways."
#stadium #centreville #bank #rhode
A short kick would have meant the lead early in the fourth quarter at Centreville Bank Stadium, but the University of Rhode Island coach felt more was needed. The Rams hadn't come all the way out from their own 2 to settle.
Terrence Campbell smashed up the middle from 1 yard out, a touchdown that served as fuel for No. 8 URI over the final 15 minutes. What was a frustrating, tense start to this Coastal Athletic ***** ociation opener with Elon wound up a relatively comfortable victory.
The Rams forced five turnovers and finally found some offensive rhythm in the second half while posting a 31-10 triumph on brilliant Saturday afternoon, Sept. 12. That's now 16 straight for URI in home games, and this temporary residence while Meade Stadium undergoes its extensive renovation was christened properly.
"You were wondering what the heck was going on in the first half," Fleming said. "As is representative of this group, they continue to go ahead and find ways."
#stadium #centreville #bank #rhode
9 days ago
Lazio wasted a two-goal lead against Milan, who rallied back in the second half to rescue a draw at the Stadio Olimpico.
Matteo Cancellieri opened the scoring early on, while Tijjani Noslin ensured the Biancocelesti headed to the interval with a deserved two-goal lead. However, the momentum changed after the break, and Diego Moreira's introduction proved decisive. The Belgian scored twice between the 65th and 67th minutes to restore parity.
So, here are our player ratings for Lazio, who temporarily sit at the top of the Serie A table after picking up a solitary point against Milan.
Christos Mandas – 6
A mixed bag from the Greek, who made solid saves to deny Samuel Chukwueze and Christian Pulisic in particular, but allowed Moreira's shot to go between his legs on Milan's first goal. His poor distribution repeatedly cost Lazio possession, at times in dangerous areas.
#olimpico #cancellieri
Matteo Cancellieri opened the scoring early on, while Tijjani Noslin ensured the Biancocelesti headed to the interval with a deserved two-goal lead. However, the momentum changed after the break, and Diego Moreira's introduction proved decisive. The Belgian scored twice between the 65th and 67th minutes to restore parity.
So, here are our player ratings for Lazio, who temporarily sit at the top of the Serie A table after picking up a solitary point against Milan.
Christos Mandas – 6
A mixed bag from the Greek, who made solid saves to deny Samuel Chukwueze and Christian Pulisic in particular, but allowed Moreira's shot to go between his legs on Milan's first goal. His poor distribution repeatedly cost Lazio possession, at times in dangerous areas.
#olimpico #cancellieri
9 days ago
Guadalajara has a new appointment with the Rojiblanca Republic, where they will look to make the AKRON Stadium count once again when they host Pumas this Sunday, in a match corresponding to Matchday 8 of the Apertura 2026.
The Sacred Flock comes into this match aiming to stay among the top spots in the standings and earn 3 points that will allow them to remain in the fight for the upper part of the overall table. In addition, they will look to extend their unbeaten streak against the auriazules to 10 matches.
We know the Rojiblanca Nation is ready to support Mexico's most beloved team, so here is the information you need to know before the match against the university side.
How are they coming in?
Guadalajara heads into this match after beating Atlético de San Luis 3-0 at Estadio Libertad Financiera, a result that earned them 3 important points and temporarily placed them second in the overall standings with 14 points.
#match #guadalajara
The Sacred Flock comes into this match aiming to stay among the top spots in the standings and earn 3 points that will allow them to remain in the fight for the upper part of the overall table. In addition, they will look to extend their unbeaten streak against the auriazules to 10 matches.
We know the Rojiblanca Nation is ready to support Mexico's most beloved team, so here is the information you need to know before the match against the university side.
How are they coming in?
Guadalajara heads into this match after beating Atlético de San Luis 3-0 at Estadio Libertad Financiera, a result that earned them 3 important points and temporarily placed them second in the overall standings with 14 points.
#match #guadalajara
10 days ago
Santos FC and Umbro, the Club's official sponsor, are launching the Club's new third kit for the season. Built around the concept "Go with determination," one of the chants sung by the fans in the stands, the jersey seeks to revive elements from a season marked by the strength, resilience, and fighting spirit of the Santos side.
The inspiration comes from the 1997 kit, a year in which Santos FC fielded a team of widely recognized technical quality and built its journey throughout the season with determination in the face of challenges. The new kit transforms that spirit into a contemporary reinterpretation, connecting memory and tradition with a more modern visual proposal.
"The launch of the number 3 kit strengthens Santos FC's connection with its history and with a period of great emotion. More than that, it reinforces its bond with the fans and with a chant that represents encouragement and motivation for our players. The phrase 'Go with determination' has been part of great victories and historic comebacks. Santos FC and Umbro have maintained a long partnership, focused on the club and especially on our fans. In practice, it is a tribute to and recognition of the strength that comes from the stands. It will certainly be another success story," said Marcelo Teixeira, president of Santos FC.
Predominantly black, the jersey embraces a low-contrast aesthetic and a minimalist look, with white details and a jacquard fabric that combines matte and glossy finishes. The effect creates a subtle texture throughout the garment and reinforces the model's refined proposal.
One of the main highlights is the modern reinterpretation of the crest used by Santos FC in 1997, an element that creates a direct link to the kit's historical inspiration. In the Player version, the crest is applied in TPU, while the version intended for fans uses a woven application.
#santos #jersey #spirit
The inspiration comes from the 1997 kit, a year in which Santos FC fielded a team of widely recognized technical quality and built its journey throughout the season with determination in the face of challenges. The new kit transforms that spirit into a contemporary reinterpretation, connecting memory and tradition with a more modern visual proposal.
"The launch of the number 3 kit strengthens Santos FC's connection with its history and with a period of great emotion. More than that, it reinforces its bond with the fans and with a chant that represents encouragement and motivation for our players. The phrase 'Go with determination' has been part of great victories and historic comebacks. Santos FC and Umbro have maintained a long partnership, focused on the club and especially on our fans. In practice, it is a tribute to and recognition of the strength that comes from the stands. It will certainly be another success story," said Marcelo Teixeira, president of Santos FC.
Predominantly black, the jersey embraces a low-contrast aesthetic and a minimalist look, with white details and a jacquard fabric that combines matte and glossy finishes. The effect creates a subtle texture throughout the garment and reinforces the model's refined proposal.
One of the main highlights is the modern reinterpretation of the crest used by Santos FC in 1997, an element that creates a direct link to the kit's historical inspiration. In the Player version, the crest is applied in TPU, while the version intended for fans uses a woven application.
#santos #jersey #spirit
10 days ago
The Detroit Tigers are about to make a rotation change that looks temporary on paper.
It may not stay that way.
Left-hander Andrew Sears is already in Detroit and is expected to start Saturday against the Colorado Rockies. The Tigers are expected to place Keider Montero on the paternity list as he travels to Venezuela for the birth of his child, according to reporting from Evan Woodbery.
Normally, that would be a straightforward swap. One starter leaves for a few days, another fills his spot, and everything returns to normal when the original starter comes back.
Detroit's situation is more complicated because Jack Flaherty is also closing in on his return from the injured list.
#list #starter
It may not stay that way.
Left-hander Andrew Sears is already in Detroit and is expected to start Saturday against the Colorado Rockies. The Tigers are expected to place Keider Montero on the paternity list as he travels to Venezuela for the birth of his child, according to reporting from Evan Woodbery.
Normally, that would be a straightforward swap. One starter leaves for a few days, another fills his spot, and everything returns to normal when the original starter comes back.
Detroit's situation is more complicated because Jack Flaherty is also closing in on his return from the injured list.
#list #starter