6 hours ago
Financial infrastructure provider Fin.com has "emerged from stealth" with $20m in seed funding.
In a statement, the New York-based firm said the round was led by venture firm Expa and Uber co-founder Garrett Camp.
Coinbase Ventures, Tenet Fund, Second Sight Ventures, and various sovereign and family offices across the Gulf and Africa, among others, also participated.
Fin.com, co-founded by Nabeel Alamgir and Mustafa Dar, operates a "single orchestration layer" to allow clients to receive, convert, and move money across borders using local payment rails.
The platform also integrates SWIFT messaging, USD virtual accounts, stablecoin settlement, liquidity management, and compliance tools into a single network, the company added.
#expa
In a statement, the New York-based firm said the round was led by venture firm Expa and Uber co-founder Garrett Camp.
Coinbase Ventures, Tenet Fund, Second Sight Ventures, and various sovereign and family offices across the Gulf and Africa, among others, also participated.
Fin.com, co-founded by Nabeel Alamgir and Mustafa Dar, operates a "single orchestration layer" to allow clients to receive, convert, and move money across borders using local payment rails.
The platform also integrates SWIFT messaging, USD virtual accounts, stablecoin settlement, liquidity management, and compliance tools into a single network, the company added.
#expa
2 days ago
On September 10, Adobe (NASDAQ:ADBE) posted record third-quarter revenue of $6.76 billion, up 13% year over year, and raised its full-year revenue and profit targets. Non-GAAP EPS climbed 15% to $6.13, while GAAP EPS rose 11% to $4.62. Buried inside those headline numbers was a sharper story: AI-first ending ARR topped $650 million, growing more than 150% year over year. The same call brought a leadership change, with Anil S. Chakravarthy set to take over as CEO from Shantanu Narayen on December 1. Investors got a lot to digest in one afternoon.
Adobe's AI tools are no longer just a demo. Firefly ending ARR, which spans the Firefly app and its credit packs, grew 40% quarter over quarter, and the Acrobat AI ******* istant doubled its monthly active users over the same three months. Total monthly active users across Adobe's businesses surpassed 1 billion in the quarter, up more than 20% year over year, and creative premium MAU crossed 100 million, up more than 70%. Business professionals and consumers MAU passed 900 million, up more than 25%. That kind of user growth, concentrated in free and freemium tiers, is what feeds the paid AI upgrades now showing up in ARR.
The company backed that growth with cash. Operating cash flow hit a third-quarter record of $2.52 billion, and Adobe bought back roughly 9.5 million shares during the quarter, leaving $24.55 billion still authorized for repurchases. Management raised its full-year revenue target to a range of $26.58 billion to $26.63 billion and its non-GAAP EPS target to $24.45 to $24.50. On the product side, Adobe struck a deal to acquire Topaz Labs, whose AI enhancement models for image and video work would slot directly into Firefly and Creative Cloud. Enterprise demand held up too, with ending ARR growing more than 20% year over year at each of Adobe Experience Manager, Adobe Gen Studio, and Adobe Experience Platform.
Not every metric moved as fast. Remaining performance obligations, the backlog of contracted but unrecognized revenue, grew 8% year over year to $22.16 billion, trailing both the 13% revenue growth and the 11.2% growth in total ending ARR. Current RPO grew 9%, also behind the topline. Interim CFO Steven Day flagged a separate issue heading into the fourth quarter: a foreign-exchange headwind that partly offset the benefit of the third-quarter beat when management updated its full-year guidance.
AI-first ARR, for all its 150% growth rate, is still just over $650 million against a total ARR base of $27.50 billion, so it remains a small slice of the business even as it scales. The transition arrives at a pivotal moment too, with Chakravarthy set to take the CEO seat on Dec. 1 just as the company leans harder into an unproven agentic-software strategy, and the Topaz Labs deal still needs to clear regulatory approval before it adds anything to the numbers.
#adobe #billion #million
Adobe's AI tools are no longer just a demo. Firefly ending ARR, which spans the Firefly app and its credit packs, grew 40% quarter over quarter, and the Acrobat AI ******* istant doubled its monthly active users over the same three months. Total monthly active users across Adobe's businesses surpassed 1 billion in the quarter, up more than 20% year over year, and creative premium MAU crossed 100 million, up more than 70%. Business professionals and consumers MAU passed 900 million, up more than 25%. That kind of user growth, concentrated in free and freemium tiers, is what feeds the paid AI upgrades now showing up in ARR.
The company backed that growth with cash. Operating cash flow hit a third-quarter record of $2.52 billion, and Adobe bought back roughly 9.5 million shares during the quarter, leaving $24.55 billion still authorized for repurchases. Management raised its full-year revenue target to a range of $26.58 billion to $26.63 billion and its non-GAAP EPS target to $24.45 to $24.50. On the product side, Adobe struck a deal to acquire Topaz Labs, whose AI enhancement models for image and video work would slot directly into Firefly and Creative Cloud. Enterprise demand held up too, with ending ARR growing more than 20% year over year at each of Adobe Experience Manager, Adobe Gen Studio, and Adobe Experience Platform.
Not every metric moved as fast. Remaining performance obligations, the backlog of contracted but unrecognized revenue, grew 8% year over year to $22.16 billion, trailing both the 13% revenue growth and the 11.2% growth in total ending ARR. Current RPO grew 9%, also behind the topline. Interim CFO Steven Day flagged a separate issue heading into the fourth quarter: a foreign-exchange headwind that partly offset the benefit of the third-quarter beat when management updated its full-year guidance.
AI-first ARR, for all its 150% growth rate, is still just over $650 million against a total ARR base of $27.50 billion, so it remains a small slice of the business even as it scales. The transition arrives at a pivotal moment too, with Chakravarthy set to take the CEO seat on Dec. 1 just as the company leans harder into an unproven agentic-software strategy, and the Topaz Labs deal still needs to clear regulatory approval before it adds anything to the numbers.
#adobe #billion #million
2 days ago
You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters.
The giant artificial intelligence company Anthropic has rolled out Claude for Financial Advisors, a suite of artificial intelligence connectors and what the company refers to as "workflow skills" designed to help advisors automate research, meeting preparation and documentation tasks.
Its new product includes connectors to custodians, ***** et managers and wealth technology providers, such as Charles Schwab, BlackRock, Addepar, Envestnet, iCapital, Orion, SS&C Black Diamond, Wealthbox, Wealth.com, Vanguard and Zocks, along with previously available integrations with Microsoft 365, Salesforce, DocuSign, Box, FactSet, S&P Global and Morningstar.
The platform includes skills for advisor onboarding, alternative investments briefing, compliance and AI policy review, estate and tax briefing, portfolio rebalance review, post-meeting notes and follow-up, pre-meeting preparation and prospect intake, according to Anthropic.
"We aren't trying to replace any of the tools out there," said Peter Nolan, head of ***** et and wealth management at Anthropic, during an interview with WealthManagement, when asked whether this puts Anthropic in the position of competing with and potentially upending the developing ecosystem of entrepreneurs and developers working with it and other major AI model providers.
#advisors
The giant artificial intelligence company Anthropic has rolled out Claude for Financial Advisors, a suite of artificial intelligence connectors and what the company refers to as "workflow skills" designed to help advisors automate research, meeting preparation and documentation tasks.
Its new product includes connectors to custodians, ***** et managers and wealth technology providers, such as Charles Schwab, BlackRock, Addepar, Envestnet, iCapital, Orion, SS&C Black Diamond, Wealthbox, Wealth.com, Vanguard and Zocks, along with previously available integrations with Microsoft 365, Salesforce, DocuSign, Box, FactSet, S&P Global and Morningstar.
The platform includes skills for advisor onboarding, alternative investments briefing, compliance and AI policy review, estate and tax briefing, portfolio rebalance review, post-meeting notes and follow-up, pre-meeting preparation and prospect intake, according to Anthropic.
"We aren't trying to replace any of the tools out there," said Peter Nolan, head of ***** et and wealth management at Anthropic, during an interview with WealthManagement, when asked whether this puts Anthropic in the position of competing with and potentially upending the developing ecosystem of entrepreneurs and developers working with it and other major AI model providers.
#advisors
4 days ago
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Bank accounts are important financial tools that help protect your money and even allow you to earn interest. But depending on where you bank — and how you use your account — certain fees can chip away at your balance. From monthly maintenance charges to overdraft penalties, these costs can add up quickly if you're not paying attention.
Understanding the most common bank fees, why financial institutions charge them, and how to avoid them can help you keep more of your money.
Fees serve as added revenue for banks. If a bank charges a fee for account maintenance or an optional service, the institution can put those funds toward operational expenses and even generate additional income — at the customer's expense. After all, a bank is a business, and a business's goal is to earn money.
Recent data shows that banks have become increasingly dependent on fees over the years, especially those charged for overdrafts and non-sufficient funds (NSF). In fact, according to the Consumer Finance Protection Bureau (CFPB), NSF and overdraft fees account for about two-thirds of a typical bank's fee-based revenue.
#financial #Help
Bank accounts are important financial tools that help protect your money and even allow you to earn interest. But depending on where you bank — and how you use your account — certain fees can chip away at your balance. From monthly maintenance charges to overdraft penalties, these costs can add up quickly if you're not paying attention.
Understanding the most common bank fees, why financial institutions charge them, and how to avoid them can help you keep more of your money.
Fees serve as added revenue for banks. If a bank charges a fee for account maintenance or an optional service, the institution can put those funds toward operational expenses and even generate additional income — at the customer's expense. After all, a bank is a business, and a business's goal is to earn money.
Recent data shows that banks have become increasingly dependent on fees over the years, especially those charged for overdrafts and non-sufficient funds (NSF). In fact, according to the Consumer Finance Protection Bureau (CFPB), NSF and overdraft fees account for about two-thirds of a typical bank's fee-based revenue.
#financial #Help
4 days ago
Jai Opetaia put on a clinic on Saturday night.
Heading into his second bout under the Zuffa Boxing banner, Opetaia showed out. The undefeated star defended his Ring Magazine **** le and Zuffa Boxing **** les in a dominating display against a tough veteran. Noel Mikaelyan, his opponent, had his moments and made the fight somewhat competitive, but the Australian upped his gear and was strolling to a decisive victory before landing big in the ninth.
A crafty vet of the boxing world, Mikaelyan was using all of the tools at his disposal to frustrate the champion, but it would be his downfall.
#mikaelyan #saturday #noel
Heading into his second bout under the Zuffa Boxing banner, Opetaia showed out. The undefeated star defended his Ring Magazine **** le and Zuffa Boxing **** les in a dominating display against a tough veteran. Noel Mikaelyan, his opponent, had his moments and made the fight somewhat competitive, but the Australian upped his gear and was strolling to a decisive victory before landing big in the ninth.
A crafty vet of the boxing world, Mikaelyan was using all of the tools at his disposal to frustrate the champion, but it would be his downfall.
#mikaelyan #saturday #noel
4 days ago
Fundstrat's Tom Lee took the Future Proof Citywide stage earlier this year with CNBC's Scott Wapner for a session that landed in the middle of a jittery tape that included geopolitical conflict, oil spiking, private credit cracking, and fresh doubts about AI spending. Not too far off where we find ourselves currently, but with an awful lot of volatility and shifting, uncertain outlooks between these six months. While their conversation was a snapshot in time, you can expect more of this kind of sharp, thoughtful ****** ysis next week.
The contrarian take of the session was oil. High crude, Lee argued, is actually constructive for U.S. equities. With the U.S. as a net exporter, our economic competitors are importers, and stalled global growth pushes investors toward growth stocks, which is about 80% of the U.S. market. On AI CapEx, he pushed back on the sticker shock, claiming roughly $700 billion a year is a fraction of the $60 trillion global labor market and small change against daily moves in gold.
Lee also made the case that software had bottomed at the time, that enterprises building their own tools inherit the maintenance burden software companies exist to carry, and that private credit is genuinely bad but not a GFC repeat, with the real fix being taking private companies public rather than pushing private product into retail portfolios. On crypto, his argument shifted from a perspective of digital gold to one of plumbing whereby Wall Street tokenizes ****** ets, and AI agents needing a settlement rail that handles fractions of a penny.
His parting advice was the oldest one in the book, dressed in new clothes: miss the 10 best days of each year and a 16% average return goes to roughly nothing. Danger and opportunity show up together. Staying invested is the perpetual drumbeat of advisors to their clients, but one that needs banging louder when markets feel much less certain.
Future Proof Festival is September 14–17 in Huntington Beach and includes four days on the boardwalk with advisors, ****** et managers, and fintechs building the modern wealth management industry. Find us at the ETF Oasis and don't miss the stellar agenda we've got lined up.
#find #session #credit #time
The contrarian take of the session was oil. High crude, Lee argued, is actually constructive for U.S. equities. With the U.S. as a net exporter, our economic competitors are importers, and stalled global growth pushes investors toward growth stocks, which is about 80% of the U.S. market. On AI CapEx, he pushed back on the sticker shock, claiming roughly $700 billion a year is a fraction of the $60 trillion global labor market and small change against daily moves in gold.
Lee also made the case that software had bottomed at the time, that enterprises building their own tools inherit the maintenance burden software companies exist to carry, and that private credit is genuinely bad but not a GFC repeat, with the real fix being taking private companies public rather than pushing private product into retail portfolios. On crypto, his argument shifted from a perspective of digital gold to one of plumbing whereby Wall Street tokenizes ****** ets, and AI agents needing a settlement rail that handles fractions of a penny.
His parting advice was the oldest one in the book, dressed in new clothes: miss the 10 best days of each year and a 16% average return goes to roughly nothing. Danger and opportunity show up together. Staying invested is the perpetual drumbeat of advisors to their clients, but one that needs banging louder when markets feel much less certain.
Future Proof Festival is September 14–17 in Huntington Beach and includes four days on the boardwalk with advisors, ****** et managers, and fintechs building the modern wealth management industry. Find us at the ETF Oasis and don't miss the stellar agenda we've got lined up.
#find #session #credit #time
4 days ago
WASHINGTON, Sept 9 (Reuters) - Three U.S. lawmakers have called on the American government to blacklist a set of Indian IT firms over what they describe as "more than fifteen years of targeted espionage against U.S. citizens, businesses, and the lawyers representing them."
In a letter issued Wednesday, Democratic Senators Ron Wyden and Sheldon Whitehouse, along with Republican Representative Pat Harrigan, asked the Commerce Department to add BellTroX, CyberRoot, and Sunkissed Organic Farms Pvt. Ltd. (formerly known as "Appin Technology Pvt. Ltd.") and its subsidiaries, to the Commerce Department's Entity List. Such a designation would cut them off from U.S. software, cloud infrastructure, and cybersecurity tools.
Sunkissed representatives, CyberRoot and the Commerce Department did not respond to requests for comment. BellTroX could not be reached for comment.
All three companies have been described in media coverage and in reports published by major tech firms as being fronts for hack-for-hire activities.
In 2022, Reuters named CyberRoot and BellTroX as key players in the cybermercenary industry, saying they were frequently tapped by Western lawyers and private investigators to spy on one another during legal and business disputes. A 2023 Reuters report identified Appin as a pioneer in the field, saying the company grew from an educational startup to a hack-for-hire powerhouse that stole secrets from executives, politicians, military officials and wealthy elites around the globe.
#three
In a letter issued Wednesday, Democratic Senators Ron Wyden and Sheldon Whitehouse, along with Republican Representative Pat Harrigan, asked the Commerce Department to add BellTroX, CyberRoot, and Sunkissed Organic Farms Pvt. Ltd. (formerly known as "Appin Technology Pvt. Ltd.") and its subsidiaries, to the Commerce Department's Entity List. Such a designation would cut them off from U.S. software, cloud infrastructure, and cybersecurity tools.
Sunkissed representatives, CyberRoot and the Commerce Department did not respond to requests for comment. BellTroX could not be reached for comment.
All three companies have been described in media coverage and in reports published by major tech firms as being fronts for hack-for-hire activities.
In 2022, Reuters named CyberRoot and BellTroX as key players in the cybermercenary industry, saying they were frequently tapped by Western lawyers and private investigators to spy on one another during legal and business disputes. A 2023 Reuters report identified Appin as a pioneer in the field, saying the company grew from an educational startup to a hack-for-hire powerhouse that stole secrets from executives, politicians, military officials and wealthy elites around the globe.
#three
4 days ago
Vitor Matos believes 39-year-old Jamie Vardy is still capable of making a mark in the Championship as the former England striker eyes a Burnley debut at Swansea City.
Vardy is set to be named in the Clarets squad to visit the Swansea.com Stadium, having joined Burnley this week after departing Italian club Cremonese.
And Swansea head coach Matos believes the former Leicester City frontman, who scored 200 goals in 500 Foxes appearances, still has the tools to thrive in the second tier.
"He is someone who understands how to score goals," said Matos, who is 14 months younger than Vardy.
"He moves really well - he always did that. He has a lot of talent - his finishing skills are there.
#matos #still
Vardy is set to be named in the Clarets squad to visit the Swansea.com Stadium, having joined Burnley this week after departing Italian club Cremonese.
And Swansea head coach Matos believes the former Leicester City frontman, who scored 200 goals in 500 Foxes appearances, still has the tools to thrive in the second tier.
"He is someone who understands how to score goals," said Matos, who is 14 months younger than Vardy.
"He moves really well - he always did that. He has a lot of talent - his finishing skills are there.
#matos #still
5 days ago
The Milwaukee Brewers are not an organization known for producing many power bats, but rather a team that focuses on developing toolsy players to play their style of baseball.
However, Andrew Fischer seems to be an exception. In a Minor League system full of players like Brice Turang, the Brewers have a player who's more Kyle Schwarber than anyone else. Andrew Fischer blasted his 47th home run of the Minor League season on Thursday, the most by a player since the turn of the century. However, his strikeout rate makes him an atypical Brewer.
His 47th home run passed Ryan Howard's 46 Minor League home runs in 2004 with the Philadelphia Phillies organization. Fischer is the first player to reach the 47 home run mark in a Minor League season since Tony Solaita in 1968.
Fischer's historic season is not over yet, as the Brewers' Double-A affiliate, the Biloxi Shuckers, still have four regular-season games left.
Looking for the perfect gift for a baseball player in your life? Check out our brand-new baseball lifestyle brand!
#season #Baseball #andrew
However, Andrew Fischer seems to be an exception. In a Minor League system full of players like Brice Turang, the Brewers have a player who's more Kyle Schwarber than anyone else. Andrew Fischer blasted his 47th home run of the Minor League season on Thursday, the most by a player since the turn of the century. However, his strikeout rate makes him an atypical Brewer.
His 47th home run passed Ryan Howard's 46 Minor League home runs in 2004 with the Philadelphia Phillies organization. Fischer is the first player to reach the 47 home run mark in a Minor League season since Tony Solaita in 1968.
Fischer's historic season is not over yet, as the Brewers' Double-A affiliate, the Biloxi Shuckers, still have four regular-season games left.
Looking for the perfect gift for a baseball player in your life? Check out our brand-new baseball lifestyle brand!
#season #Baseball #andrew
5 days ago
Artificial intelligence (AI) software demand is increasing at a healthy clip, which isn't surprising considering the productivity gains this technology can deliver.
A recent survey by McKinsey revealed that 80% of respondents who use AI report higher productivity, while 50% report better decision-making. Not surprisingly, the generative AI tools offered by Palantir Technologies (NASDAQ:PLTR) are in high demand, as evidenced by the company's phenomenal growth.
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 »
Palantir is one of the pioneers in AI software. The productivity gains delivered by its Artificial Intelligence Platform (AIP) are driving solid revenue and earnings growth for Palantir by helping it land bigger deals and more customers. However, Palantir stock is expensively valued, and that's one of the reasons it has lost over 4% of its value in 2026.
But the same isn't true for Snowflake (NYSE:SNOW), another AI software company whose stock price has jumped 53% this year. Let's see why that has been the case and check whether it is too late to buy this AI software specialist.
#intelligence #flashing #demand
A recent survey by McKinsey revealed that 80% of respondents who use AI report higher productivity, while 50% report better decision-making. Not surprisingly, the generative AI tools offered by Palantir Technologies (NASDAQ:PLTR) are in high demand, as evidenced by the company's phenomenal growth.
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 »
Palantir is one of the pioneers in AI software. The productivity gains delivered by its Artificial Intelligence Platform (AIP) are driving solid revenue and earnings growth for Palantir by helping it land bigger deals and more customers. However, Palantir stock is expensively valued, and that's one of the reasons it has lost over 4% of its value in 2026.
But the same isn't true for Snowflake (NYSE:SNOW), another AI software company whose stock price has jumped 53% this year. Let's see why that has been the case and check whether it is too late to buy this AI software specialist.
#intelligence #flashing #demand
5 days ago
Chinese e-commerce giants such as Shein and Temu have reshaped the retail landscape amid economic uncertainty, higher prices, and cautious consumer spending by offering shoppers a wide range of products at extremely low prices.
Their growth has prompted established companies such as Amazon, Target, and Walmart to invest in strategies like third-party marketplaces, supply chain infrastructure, and digital tools to keep pace with changing consumer habits.
Now, one online-first fashion retailer is taking a different approach. While many established brands have been reassessing their physical footprints and closing underperforming stores, this e-commerce fashion company is moving in the opposite direction by expanding its brick-and-mortar presence in the U.S.
Founded in 2020 as an online-first womenswear brand, Cider has built its business around affordable, trend-driven fashion and a digital-focused shopping experience.
Cider opened its second permanent U.S. retail location on September 4, 2026, at Westfield Valley Fair in San Jose, California. The 11,269-square-foot store is located at 2855 Stevens Creek Blvd., ****** e No. 2411.
#fashion #cider #prices #first
Their growth has prompted established companies such as Amazon, Target, and Walmart to invest in strategies like third-party marketplaces, supply chain infrastructure, and digital tools to keep pace with changing consumer habits.
Now, one online-first fashion retailer is taking a different approach. While many established brands have been reassessing their physical footprints and closing underperforming stores, this e-commerce fashion company is moving in the opposite direction by expanding its brick-and-mortar presence in the U.S.
Founded in 2020 as an online-first womenswear brand, Cider has built its business around affordable, trend-driven fashion and a digital-focused shopping experience.
Cider opened its second permanent U.S. retail location on September 4, 2026, at Westfield Valley Fair in San Jose, California. The 11,269-square-foot store is located at 2855 Stevens Creek Blvd., ****** e No. 2411.
#fashion #cider #prices #first
5 days ago
You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters.
Edelman Financial Engines is extending its retirement plan advisory and fiduciary capabilities to the small and mid-sized business market. While the firm has long served business owners through its workplace and wealth businesses, this service focuses on helping smaller business owners offer and manage retirement plans for their employees.
The firm has partnered with ADP for payroll, human capital management and retirement services. Edelman's will provide investment management, 3(38) investment management, plan consulting and personalized financial advice to plan participants. That includes providing one-on-one discretionary advisory services for individual employees.
Employees also gain unlimited access to Edelman's phone-based licensed advisors, who average 10 years of industry tenure, along with on-demand digital planning tools.
"EFE financial wellness and advisory services have been available to employees in eligible workplace retirement plans through the ADP platform since 2018," said Chris Magno, senior vice president and general manager of ADP Retirement Services, in a statement. "The new service expands that relationship by delivering a more comprehensive retirement solution purpose-built for small and mid-sized businesses, offered in combination with the full-service recordkeeping, payroll integration and plan administration capabilities of ADP."
#Services #management #wealthmanagement
Edelman Financial Engines is extending its retirement plan advisory and fiduciary capabilities to the small and mid-sized business market. While the firm has long served business owners through its workplace and wealth businesses, this service focuses on helping smaller business owners offer and manage retirement plans for their employees.
The firm has partnered with ADP for payroll, human capital management and retirement services. Edelman's will provide investment management, 3(38) investment management, plan consulting and personalized financial advice to plan participants. That includes providing one-on-one discretionary advisory services for individual employees.
Employees also gain unlimited access to Edelman's phone-based licensed advisors, who average 10 years of industry tenure, along with on-demand digital planning tools.
"EFE financial wellness and advisory services have been available to employees in eligible workplace retirement plans through the ADP platform since 2018," said Chris Magno, senior vice president and general manager of ADP Retirement Services, in a statement. "The new service expands that relationship by delivering a more comprehensive retirement solution purpose-built for small and mid-sized businesses, offered in combination with the full-service recordkeeping, payroll integration and plan administration capabilities of ADP."
#Services #management #wealthmanagement
5 days ago
Answering a caller's query about Box, Inc. (NYSE:BOX) during the lightning round of Mad Money on September 3, Jim Cramer commented:
Box is finally, after multiple years, it is finally breaking out. It has good storage. People like storage. It's got a good CEO in Aaron Levie. It's just never been exciting to people. It's finally starting to get some mojo. I think it's okay to own. It's done nothing for years.
Cramer's perspective highlights a shifting narrative for a cloud pioneer that has historically traded in a tight range. In its fiscal second-quarter 2027 report, Box, Inc. (NYSE:BOX) posted revenue of $321.1 million, marking a 9.2% year-over-year increase that topped Wall Street expectations by over $2 million. Adjusted earnings per share reached $0.40, in line with consensus forecasts, while management raised full-year revenue guidance to approximately $1.29 billion. The core demand is supported by expanding adoption of higher-tier Box Suites, which now account for 69% of revenue, along with early traction in AI-driven document tools that help enterprises modernize legacy storage workflows.
Despite recent top-line acceleration, Box, Inc. (NYSE:BOX) operates in a fiercely competitive market dominated by massive tech ecosystems like Microsoft OneDrive and Google Drive, and other specialized rivals such as Dropbox. While quarterly growth has stabilized, Box's multi-year annual growth rate has historically lagged behind high-flying software peers. Furthermore, Box still needs to sustain its recent growth acceleration while investing in AI capabilities.
As per Insider Monkey's data of over 1000 hedge funds, 37 hedge funds had a stake in Box, Inc. (NYSE:BOX) in Q2 compared to 36 in Q1, highlighting steady institutional backing from long-term ***** et managers. Arrowstreet Capital remained the company's top hedge fund holder in Q2 with 4.3 million shares. Additionally, it is worth noting that another significant shareholder, Citadel Investment Group increased its position in the stock by 60% to over 3.7 million shares. The short percentage of float sits at 14.26%, which shows a notable segment of the market remains unconvinced about the sustainability of the breakout.
#NYSE #year #people
Box is finally, after multiple years, it is finally breaking out. It has good storage. People like storage. It's got a good CEO in Aaron Levie. It's just never been exciting to people. It's finally starting to get some mojo. I think it's okay to own. It's done nothing for years.
Cramer's perspective highlights a shifting narrative for a cloud pioneer that has historically traded in a tight range. In its fiscal second-quarter 2027 report, Box, Inc. (NYSE:BOX) posted revenue of $321.1 million, marking a 9.2% year-over-year increase that topped Wall Street expectations by over $2 million. Adjusted earnings per share reached $0.40, in line with consensus forecasts, while management raised full-year revenue guidance to approximately $1.29 billion. The core demand is supported by expanding adoption of higher-tier Box Suites, which now account for 69% of revenue, along with early traction in AI-driven document tools that help enterprises modernize legacy storage workflows.
Despite recent top-line acceleration, Box, Inc. (NYSE:BOX) operates in a fiercely competitive market dominated by massive tech ecosystems like Microsoft OneDrive and Google Drive, and other specialized rivals such as Dropbox. While quarterly growth has stabilized, Box's multi-year annual growth rate has historically lagged behind high-flying software peers. Furthermore, Box still needs to sustain its recent growth acceleration while investing in AI capabilities.
As per Insider Monkey's data of over 1000 hedge funds, 37 hedge funds had a stake in Box, Inc. (NYSE:BOX) in Q2 compared to 36 in Q1, highlighting steady institutional backing from long-term ***** et managers. Arrowstreet Capital remained the company's top hedge fund holder in Q2 with 4.3 million shares. Additionally, it is worth noting that another significant shareholder, Citadel Investment Group increased its position in the stock by 60% to over 3.7 million shares. The short percentage of float sits at 14.26%, which shows a notable segment of the market remains unconvinced about the sustainability of the breakout.
#NYSE #year #people
5 days ago
Adobe Inc. (NASDAQ:ADBE) is asking designers who use Figma, Inc. (NYSE:FIG) and similar tools to help test Project Oasis, a web-based graphic-design tool with brand-aware AI. The September 7 community invitation seeks feedback under a nondisclosure agreement before public launch. That makes it an early competitive signal, with neither customer wins nor meaningful revenue established.
The investment question is whether easier AI design draws marketing budgets toward Adobe or encourages customers to do more inside Figma. Both already serve people creating branded visual material. Winning that workflow could support subscriptions and paid AI usage, but another tool also gives customers another reason to compare prices.
Copyright: photogearch / 123RF Stock Photo
Adobe Inc. (NASDAQ:ADBE) reported fiscal second-quarter revenue of $6.62 billion, up 13%, for the period ended May 29. Its AI-first annualized recurring revenue exceeded $500 million and more than tripled year over year. Those figures give its AI strategy substance beyond a product invitation. Its established creative customer base could also make testing and distribution easier.
The risk is that product experimentation fails to produce additional spending. Adobe must persuade customers that new capabilities deserve payment while competitors make basic ******* et creation easier. Oasis currently provides no disclosed conversion rate or financial contribution with which investors can test that proposition. Its invitation targets brand-identity and marketing workflows, so success would need to solve repeatable production problems. Generating an attractive demonstration is a different hurdle from becoming the tool a team pays to use every week.
#tool #easier
The investment question is whether easier AI design draws marketing budgets toward Adobe or encourages customers to do more inside Figma. Both already serve people creating branded visual material. Winning that workflow could support subscriptions and paid AI usage, but another tool also gives customers another reason to compare prices.
Copyright: photogearch / 123RF Stock Photo
Adobe Inc. (NASDAQ:ADBE) reported fiscal second-quarter revenue of $6.62 billion, up 13%, for the period ended May 29. Its AI-first annualized recurring revenue exceeded $500 million and more than tripled year over year. Those figures give its AI strategy substance beyond a product invitation. Its established creative customer base could also make testing and distribution easier.
The risk is that product experimentation fails to produce additional spending. Adobe must persuade customers that new capabilities deserve payment while competitors make basic ******* et creation easier. Oasis currently provides no disclosed conversion rate or financial contribution with which investors can test that proposition. Its invitation targets brand-identity and marketing workflows, so success would need to solve repeatable production problems. Generating an attractive demonstration is a different hurdle from becoming the tool a team pays to use every week.
#tool #easier
6 days ago
During a segment on the September 3 episode, Mad Money host Jim Cramer shared a detailed bullish thesis on Amazon.com, Inc. (NASDAQ:AMZN). He stated:
Let's start with Amazon. Ever since we went out to see Amazon earlier this year, I've been stuck on something that CEO Andy Jassy told me. He said they're going to make an immense amount of money in artificial intelligence. They were going to profit from their gigantic commitment to data centers and next year will be huge for the compute sales. Well, I think it's being pulled forward. I think it may already be huge right now. I also remember Andy talking about the $50 billion semiconductor business that's buried in the company. I like the healthcare initiatives... Amazon Web Services is doing incredibly well. Their grocery delivery business, wow...
Alright, what can I say? All this for a stock that's up just 12% for the year; that's wrong. Amazon's balance sheet isn't as good as it was a year ago; enough already. What if Amazon Web Services is able to make four times what it just paid for 2 million GPUs from NVIDIA? That ratio, by the way, is what NVIDIA CEO Jensen Huang told me companies can expect to get when they buy NVIDIA chips. That makes me think that Amazon is cheap. We've all kind of forgotten that there's a reason why a smart executive like Andy Jassy is willing to wreck Amazon's balance sheet like the old days. It's because they're going to make fortunes with the money they spend. And we are getting closer and closer to seeing huge profits for investments that the Street has hated. You can't wait until next year to buy the stock of Amazon. And that's why it is a screaming buy with the stock trading at about 20 times this year's earnings. That's wrong.
Amazon Web Services remains the primary profit engine for the company. In the second quarter, AWS revenue surged 37% year over year to reach $42.2 billion, putting its annual run rate at roughly $169 billion. Operating income for the cloud unit jumped to $16.6 billion. Companies shifting their operations to handle AI and heavy workloads are turning those massive data center investments into high-margin profits. Aside from basic cloud hosting, Amazon.com, Inc. (NASDAQ:AMZN) is leaning into its own custom chips, like Trainium and Graviton, and growing adoption of the Bedrock platform to keep its revenue streams strong and diversified.
Not everyone on Wall Street shares Cramer's enthusiasm, as it could be pointed out that Amazon.com, Inc.'s (NASDAQ:AMZN) balance sheet is noticeably weaker than it was a year ago as its long-term debt increased from nearly $66 billion at the end of 2025 to nearly $129 billion by mid-2026. Heavy capital commitments and soaring data center expenses, with full-year capital expenditure guidance climbing around $220 billion, have strained cash flow flexibility. Investors could be worried that the company is spending too aggressively. If enterprise demand for artificial intelligence tools slows down or if the massi
Let's start with Amazon. Ever since we went out to see Amazon earlier this year, I've been stuck on something that CEO Andy Jassy told me. He said they're going to make an immense amount of money in artificial intelligence. They were going to profit from their gigantic commitment to data centers and next year will be huge for the compute sales. Well, I think it's being pulled forward. I think it may already be huge right now. I also remember Andy talking about the $50 billion semiconductor business that's buried in the company. I like the healthcare initiatives... Amazon Web Services is doing incredibly well. Their grocery delivery business, wow...
Alright, what can I say? All this for a stock that's up just 12% for the year; that's wrong. Amazon's balance sheet isn't as good as it was a year ago; enough already. What if Amazon Web Services is able to make four times what it just paid for 2 million GPUs from NVIDIA? That ratio, by the way, is what NVIDIA CEO Jensen Huang told me companies can expect to get when they buy NVIDIA chips. That makes me think that Amazon is cheap. We've all kind of forgotten that there's a reason why a smart executive like Andy Jassy is willing to wreck Amazon's balance sheet like the old days. It's because they're going to make fortunes with the money they spend. And we are getting closer and closer to seeing huge profits for investments that the Street has hated. You can't wait until next year to buy the stock of Amazon. And that's why it is a screaming buy with the stock trading at about 20 times this year's earnings. That's wrong.
Amazon Web Services remains the primary profit engine for the company. In the second quarter, AWS revenue surged 37% year over year to reach $42.2 billion, putting its annual run rate at roughly $169 billion. Operating income for the cloud unit jumped to $16.6 billion. Companies shifting their operations to handle AI and heavy workloads are turning those massive data center investments into high-margin profits. Aside from basic cloud hosting, Amazon.com, Inc. (NASDAQ:AMZN) is leaning into its own custom chips, like Trainium and Graviton, and growing adoption of the Bedrock platform to keep its revenue streams strong and diversified.
Not everyone on Wall Street shares Cramer's enthusiasm, as it could be pointed out that Amazon.com, Inc.'s (NASDAQ:AMZN) balance sheet is noticeably weaker than it was a year ago as its long-term debt increased from nearly $66 billion at the end of 2025 to nearly $129 billion by mid-2026. Heavy capital commitments and soaring data center expenses, with full-year capital expenditure guidance climbing around $220 billion, have strained cash flow flexibility. Investors could be worried that the company is spending too aggressively. If enterprise demand for artificial intelligence tools slows down or if the massi
6 days ago
Some AI researchers say they think AI could hurt, or wipe out, humanity.
So we asked four of the AI models: How would you go about it?
They all said human misuse of AI is considered a more immediate risk than AI itself.
The researchers building our favorite chatbots are increasingly voicing concerns that AI could hurt — or end — humanity. So we asked four of the most-used generative AI tools what an AI doomsday could look like.
We posed the same question, in identical wording, to OpenAI's ChatGPT, Google's Gemini, Anthropic's Claude, and ****** eXAI's Grok.
#claude
So we asked four of the AI models: How would you go about it?
They all said human misuse of AI is considered a more immediate risk than AI itself.
The researchers building our favorite chatbots are increasingly voicing concerns that AI could hurt — or end — humanity. So we asked four of the most-used generative AI tools what an AI doomsday could look like.
We posed the same question, in identical wording, to OpenAI's ChatGPT, Google's Gemini, Anthropic's Claude, and ****** eXAI's Grok.
#claude
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6 days ago
Lake Forest, Illinois-based W.W. Grainger, Inc. (GWW) distributes maintenance, repair, and operating products and services primarily in North America and internationally. The company has a market cap of $62.4 billion and operates through two segments, High-Touch Solutions North America and Endless ****** ortment, and provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.
Companies with a market cap of $10 billion or more are typically referred to as "large-cap stocks." GWW fits perfectly into that category, with its market cap exceeding this threshold and reflecting its substantial size and influence in the industrial distribution industry.
Dear Nvidia Stock Fans, Mark Your Calendars for September 10
Rocket Lab Keeps Landing Defense Deals. Here's Why ****** ysts Aren't Getting More Bullish.
Why Stifel Just Revamped Its Price Target for Microsoft Stock
#market #maintenance #lake #forest
Companies with a market cap of $10 billion or more are typically referred to as "large-cap stocks." GWW fits perfectly into that category, with its market cap exceeding this threshold and reflecting its substantial size and influence in the industrial distribution industry.
Dear Nvidia Stock Fans, Mark Your Calendars for September 10
Rocket Lab Keeps Landing Defense Deals. Here's Why ****** ysts Aren't Getting More Bullish.
Why Stifel Just Revamped Its Price Target for Microsoft Stock
#market #maintenance #lake #forest
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6 days ago
The Los Angeles Rams and the San Francisco 49ers are ready to renew their annual rivalry, this time with both team's kicking off their season in Melbourne, Australia. While the location has many excited about the game, along with the rivalry's intensity, these three storylines are ones to watch.
This is a multi-layered question due to Kyle Shanahan's offensive brilliance, along with how his scheme has populated the league. The immediate questions revolve around the Rams' defense and whether they have the tools to contain Shanahan's zone-blocking scheme. On top of that, do they have the ability to stop Shanahan's layered passing attack, in which he uses short underneath passes to open up the rest of the field?
Schematics aside, the Seahawks and Cardinals also utilize Shanahan's offensive scheme, as their offensive play-callers are ex-Shanahan ****** istants.
Then, we have to account for Shanahan's tactical brilliance. If I'm Shanahan, I'm using the early portions of the game to figure out how the Rams match up against San Francisco's multi-tight end personnel, and once Chris Shula deploys multiple linebackers, the 49ers should use a fast-tempo offense to take advantage of the Rams' linebackers having to cover ****** e while depleting their energy, with the Rams being unable to substitute.
Shanahan has tricks like that in his bag to control the pen. Is Shula finally wise enough not to fall for it?
#Rams #offensive #scheme #brilliance
This is a multi-layered question due to Kyle Shanahan's offensive brilliance, along with how his scheme has populated the league. The immediate questions revolve around the Rams' defense and whether they have the tools to contain Shanahan's zone-blocking scheme. On top of that, do they have the ability to stop Shanahan's layered passing attack, in which he uses short underneath passes to open up the rest of the field?
Schematics aside, the Seahawks and Cardinals also utilize Shanahan's offensive scheme, as their offensive play-callers are ex-Shanahan ****** istants.
Then, we have to account for Shanahan's tactical brilliance. If I'm Shanahan, I'm using the early portions of the game to figure out how the Rams match up against San Francisco's multi-tight end personnel, and once Chris Shula deploys multiple linebackers, the 49ers should use a fast-tempo offense to take advantage of the Rams' linebackers having to cover ****** e while depleting their energy, with the Rams being unable to substitute.
Shanahan has tricks like that in his bag to control the pen. Is Shula finally wise enough not to fall for it?
#Rams #offensive #scheme #brilliance
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6 days ago
OpenAI launched a product on Thursday called ChatGPT for Financial Services, a version of its enterprise tool tailored to handle tasks traditionally performed by entry-level investment bankers, including company research, financial data ***** ysis, and pitchbook creation.
According to CNBC, the product was developed alongside Morgan Stanley and Evercore as design partners, is built on top of ChatGPT Work, and is powered by GPT-6 Astra, the most capable model in OpenAI's current lineup. It is initially aimed at investment banking and equity research teams.
"We're effectively teaching ChatGPT to research like an ***** yst and back up its conclusions like an ***** yst as well," Nick Turley, OpenAI's vice president of product, told CNBC during a briefing announcing the product.
Unlike the standard ChatGPT Work offering, the financial services version connects directly to data from LSEG, Daloopa, and Pitchbook — giving the system ready access to financial statements and earnings transcripts — and can also tap into a firm's existing data subscriptions automatically, according to CNBC. The product also includes sourcing tools that link figures directly to underlying filings, chart verification functionality, and permission controls designed to safeguard confidential deal information.
In a live demo, Turley walked through the platform's capabilities as it examined a prospective M&A target, drew financial figures from industry-standard data sources, and generated a formatted PowerPoint presentation styled to a bank's existing template, according to CNBC.
#according
According to CNBC, the product was developed alongside Morgan Stanley and Evercore as design partners, is built on top of ChatGPT Work, and is powered by GPT-6 Astra, the most capable model in OpenAI's current lineup. It is initially aimed at investment banking and equity research teams.
"We're effectively teaching ChatGPT to research like an ***** yst and back up its conclusions like an ***** yst as well," Nick Turley, OpenAI's vice president of product, told CNBC during a briefing announcing the product.
Unlike the standard ChatGPT Work offering, the financial services version connects directly to data from LSEG, Daloopa, and Pitchbook — giving the system ready access to financial statements and earnings transcripts — and can also tap into a firm's existing data subscriptions automatically, according to CNBC. The product also includes sourcing tools that link figures directly to underlying filings, chart verification functionality, and permission controls designed to safeguard confidential deal information.
In a live demo, Turley walked through the platform's capabilities as it examined a prospective M&A target, drew financial figures from industry-standard data sources, and generated a formatted PowerPoint presentation styled to a bank's existing template, according to CNBC.
#according
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6 days ago
An independent energy development company and a long-time manufacturer of wood products have signed an agreement to develop geothermal projects in Washington and Oregon.Hexagon Energy and Weyerhaeuser Co. on September 10 said they have closed a deal covering that could provide an estimated 3 GW of geothermal power generation capacity in the Pacific Northwest. The land is part of Weyerhaeuser's portfolio of holdings. The company is one of the largest private owners of timberland in North America."Geothermal energy represents an emerging opportunity to provide clean and reliable, around-the-clock power, and our ownership presents a unique platform to evaluate that potential in the Pacific Northwest," said Kendall Fountain, vice president of Energy and Natural Resources for Weyerhaeuser. "This agreement supports the continued growth of our Climate Solutions business while aligning with our commitment to responsible land stewardship, sustainability and long-term value creation."
Hexagon Energy under the agreement will develop geothermal projects on Weyerhaeuser's landholdings in the two states. Hexagon said it has leased geothermal rights on about 145,000 acres across Washington and Oregon."We are excited to partner with Weyerhaeuser to develop this significant geothermal resource and bring abundant, clean, baseload energy to the Pacific Northwest." said Matthew Hantzmon, CEO of Hexagon Energy. "Our team is grateful that Weyerhaeuser entrusted us to unlock this valuable ***** et for them."
Read more about Hexagon Energy's work in this feature article in POWER, "Meet the Tools Helping Power Companies Separate Threats from Noise". To learn more about geothermal projects and trends worldwide, check out this geothermal article archive at powermag.com.
The companies on Thursday noted that their collaboration is concurrent with a rise in demand for geothermal energy, as part of an industry-wide push for more baseload, carbon-free power during a period of an increased need for electricity. Demand from artificial intelligence and data centers, among other power users, has driven a rise in projects utilizing both renewable and thermal energy.Hexagon Energy, headquartered in Charlottesville, Virginia, develops utility-scale wind, solar, standalone storage, and geothermal energy project across the U.S. The company has said its work covers the full spectrum of development and finance, including market ***** ysis, environmental diligence, site control, transmission ***** ysis, community engagement, state and local permitting, engineering, and financial modeling. Hexagon has developed and financed more than 3 GW of power generation capacity for U.S. electric utilities, representing more than $4.5 billion in investment. The company's current pipeline includes more than 10 GW of power under active development.Weyerhaeuser Co., based in Seattle, Washington, is among the world's largest private owners of timberlands. The company began operations in 1900 and today o
Hexagon Energy under the agreement will develop geothermal projects on Weyerhaeuser's landholdings in the two states. Hexagon said it has leased geothermal rights on about 145,000 acres across Washington and Oregon."We are excited to partner with Weyerhaeuser to develop this significant geothermal resource and bring abundant, clean, baseload energy to the Pacific Northwest." said Matthew Hantzmon, CEO of Hexagon Energy. "Our team is grateful that Weyerhaeuser entrusted us to unlock this valuable ***** et for them."
Read more about Hexagon Energy's work in this feature article in POWER, "Meet the Tools Helping Power Companies Separate Threats from Noise". To learn more about geothermal projects and trends worldwide, check out this geothermal article archive at powermag.com.
The companies on Thursday noted that their collaboration is concurrent with a rise in demand for geothermal energy, as part of an industry-wide push for more baseload, carbon-free power during a period of an increased need for electricity. Demand from artificial intelligence and data centers, among other power users, has driven a rise in projects utilizing both renewable and thermal energy.Hexagon Energy, headquartered in Charlottesville, Virginia, develops utility-scale wind, solar, standalone storage, and geothermal energy project across the U.S. The company has said its work covers the full spectrum of development and finance, including market ***** ysis, environmental diligence, site control, transmission ***** ysis, community engagement, state and local permitting, engineering, and financial modeling. Hexagon has developed and financed more than 3 GW of power generation capacity for U.S. electric utilities, representing more than $4.5 billion in investment. The company's current pipeline includes more than 10 GW of power under active development.Weyerhaeuser Co., based in Seattle, Washington, is among the world's largest private owners of timberlands. The company began operations in 1900 and today o
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8 days ago
The Baltimore Orioles (70-75) and the Cleveland Guardians (73-72) continue their three-game series tonight at Camden Yards. The Orioles opened the series last night with a 6-4 win to snap a six-game losing streak and pull them to within three games in the race with Cleveland for the final Wild Card spot.
Baltimore grabbed control early. Dylan Beavers delivered an RBI double in the second inning to score Samuel Basallo, giving the Orioles a 1-0 lead. In the third, the O's advantage increased to 4-0 thanks to a Coby Mayo solo homer followed by control issues for Cleveland's hurlers as evidenced by the fact they walked in a couple runs prior to the end of the inning. Mayo added a two-run blast in the sixth, extending the Orioles' lead to 6-1. On the mound, Trevor Rogers was excellent, working 7.1 innings, allowing just one earned run, six hits, and striking out six without a walk. The Guardians made things interesting in the ninth when Nathaniel Lowe blasted a three-run homer, but Baltimore closer Jordan Walker recorded the final out to preserve the win and arguably, Baltimore's season.
Tanner Bibee (5-15, 4.06 ERA) takes the ball for the Guardians tonight. His last outing came against the Blue Jays on September 3. As he has for much of the season, Bibee struggled, lasting only four innings while allowing five earned runs on four hits. Over his last five starts, Bibee has posted a 5.08 ERA. Brandon Young (9-3, 3.42 ERA) is expected to be on the mound for the O's. Young's most recent appearance came against Boston on September 3, when he worked 6.2 innings, allowing three earned runs on four hits. Over his last five outings Young owns a 3.37 ERA.
Lets dive further into tonight's game and find a sweat or two.
We've got all the info and **** ysis you need to know ahead of the game, including the latest info on the how to catch first pitch, odds, recent team performance, player stats, and of course, our predictions, picks & best bets for the game from our modeling tools and staff of experts.
#game #Guardians
Baltimore grabbed control early. Dylan Beavers delivered an RBI double in the second inning to score Samuel Basallo, giving the Orioles a 1-0 lead. In the third, the O's advantage increased to 4-0 thanks to a Coby Mayo solo homer followed by control issues for Cleveland's hurlers as evidenced by the fact they walked in a couple runs prior to the end of the inning. Mayo added a two-run blast in the sixth, extending the Orioles' lead to 6-1. On the mound, Trevor Rogers was excellent, working 7.1 innings, allowing just one earned run, six hits, and striking out six without a walk. The Guardians made things interesting in the ninth when Nathaniel Lowe blasted a three-run homer, but Baltimore closer Jordan Walker recorded the final out to preserve the win and arguably, Baltimore's season.
Tanner Bibee (5-15, 4.06 ERA) takes the ball for the Guardians tonight. His last outing came against the Blue Jays on September 3. As he has for much of the season, Bibee struggled, lasting only four innings while allowing five earned runs on four hits. Over his last five starts, Bibee has posted a 5.08 ERA. Brandon Young (9-3, 3.42 ERA) is expected to be on the mound for the O's. Young's most recent appearance came against Boston on September 3, when he worked 6.2 innings, allowing three earned runs on four hits. Over his last five outings Young owns a 3.37 ERA.
Lets dive further into tonight's game and find a sweat or two.
We've got all the info and **** ysis you need to know ahead of the game, including the latest info on the how to catch first pitch, odds, recent team performance, player stats, and of course, our predictions, picks & best bets for the game from our modeling tools and staff of experts.
#game #Guardians
8 days ago
Impax ***** et Management, based in London and specializing in sustainable investing, released its Q2 2026 investor letter for the "Impax US Sustainable Economy Fund". The letter can be downloaded here. The US Sustainable Economy portfolio outperformed the Russell 1000 in Q2 2026, with Institutional Class at 17.96%, Investor Class at 17.95%, and Class A at 17.92%, versus the index's 15.14%. Sector allocation and stock selection drove performance. The sustainability tools, including the Impax Sustainability Lens and Corporate Resilience framework, contributed positively. Equity markets rallied, with both the S&P 500 and Nasdaq reaching new highs before retreating. A key trend was rotation into AI and tech stocks, supported by mega-cap earnings and data center investments (US$750bn to US$1tn). In the second half of 2026, markets may remain volatile amid debates on AI adoption pace and economic momentum. However, growth tied to energy security and efficiency remains compelling, with demand for power, grid, and resource-efficient solutions supporting companies that benefit. The team focuses on businesses with strong growth, sound management, and attractive valuations, adjusting holdings as needed. This approach aims to build well-diversified, differentiated portfolios. Also, please check the fund's top five holdings for its best picks in 2026.
In its second-quarter 2026 investor letter, Impax US Sustainable Economy Fund highlighted Verizon Communications Inc. (NYSE:VZ). Verizon Communications Inc. (NYSE:VZ) is a leading telecommunication company that engages in the provision of communications, technology, information, and streaming products and services. On September 04, 2026, Verizon Communications Inc. (NYSE:VZ) closed at $50.14 per share. Over the past month, Verizon Communications Inc. (NYSE:VZ) returned 6.61%, but its shares are up 15.74% over the past year. Verizon Communications Inc. (NYSE:VZ) has a market capitalization of $208.32 billion, and its stock has traded within a 52-week range of $38.39 to $51.68.
Impax US Sustainable Economy Fund stated the following regarding Verizon Communications Inc. (NYSE:VZ) in its Q2 2026 investor letter:
"Verizon Communications Inc. (NYSE:VZ) (Wireless Telecommunication Services, Communication Services) is held for its high Corporate Resilience score and its sustainability opportunity exposure in areas including Digital Infrastructure and Meeting Basic Needs. The stock fell during the quarter as investor focus shifted away from defensive yield plays toward growth and cyclical sectors. Concerns about subscriber churn in a highly competitive wireless market, and the heavy capital expenditure requirements of continued network infrastructure investment, weighed on the share price."
#sustainable
In its second-quarter 2026 investor letter, Impax US Sustainable Economy Fund highlighted Verizon Communications Inc. (NYSE:VZ). Verizon Communications Inc. (NYSE:VZ) is a leading telecommunication company that engages in the provision of communications, technology, information, and streaming products and services. On September 04, 2026, Verizon Communications Inc. (NYSE:VZ) closed at $50.14 per share. Over the past month, Verizon Communications Inc. (NYSE:VZ) returned 6.61%, but its shares are up 15.74% over the past year. Verizon Communications Inc. (NYSE:VZ) has a market capitalization of $208.32 billion, and its stock has traded within a 52-week range of $38.39 to $51.68.
Impax US Sustainable Economy Fund stated the following regarding Verizon Communications Inc. (NYSE:VZ) in its Q2 2026 investor letter:
"Verizon Communications Inc. (NYSE:VZ) (Wireless Telecommunication Services, Communication Services) is held for its high Corporate Resilience score and its sustainability opportunity exposure in areas including Digital Infrastructure and Meeting Basic Needs. The stock fell during the quarter as investor focus shifted away from defensive yield plays toward growth and cyclical sectors. Concerns about subscriber churn in a highly competitive wireless market, and the heavy capital expenditure requirements of continued network infrastructure investment, weighed on the share price."
#sustainable
8 days ago
Impax ***** et Management, based in London and specializing in sustainable investing, released its Q2 2026 investor letter for the "Impax US Sustainable Economy Fund". The letter can be downloaded here. The US Sustainable Economy portfolio outperformed the Russell 1000 in Q2 2026, with Institutional Class at 17.96%, Investor Class at 17.95%, and Class A at 17.92%, versus the index's 15.14%. Sector allocation and stock selection drove performance. The sustainability tools, including the Impax Sustainability Lens and Corporate Resilience framework, contributed positively. Equity markets rallied, with both the S&P 500 and Nasdaq reaching new highs before retreating. A key trend was rotation into AI and tech stocks, supported by mega-cap earnings and data center investments (US$750bn to US$1tn). In the second half of 2026, markets may remain volatile amid debates on AI adoption pace and economic momentum. However, growth tied to energy security and efficiency remains compelling, with demand for power, grid, and resource-efficient solutions supporting companies that benefit. The team focuses on businesses with strong growth, sound management, and attractive valuations, adjusting holdings as needed. This approach aims to build well-diversified, differentiated portfolios. Also, please check the fund's top five holdings for its best picks in 2026.
In its second-quarter 2026 investor letter, Impax US Sustainable Economy Fund highlighted Zoetis Inc. (NYSE:ZTS). Zoetis Inc. (NYSE:ZTS), an animal health company focused on animal health medications, vaccines, and diagnostic products, detracted from the Fund's performance during the quarter. On September 04, 2026, Zoetis Inc. (NYSE:ZTS) closed at $75.81 per share. Over the past month, Zoetis Inc. (NYSE:ZTS) returned 1.31%, but its shares are down 50.04% over the past year. Zoetis Inc. (NYSE:ZTS) has a market capitalization of $31.33 billion.
Impax US Sustainable Economy Fund stated the following regarding Zoetis Inc. (NYSE:ZTS) in its Q2 2026 investor letter:
"Zoetis Inc. (NYSE:ZTS) (Pharmaceuticals, Health Care) is owned for its attractive sustainability opportunity profile in areas including Wellbeing and Evolving Health Care Challenge, as well as its strong governance profile. The stock declined sharply in the quarter following a downward revision to near-term earnings guidance. Sales of Librela, the company's key canine arthritis pain management product, continued to face headwinds from safety perception concerns among some veterinarians, and management indicated that the ramp-up of next-generation product launches would extend into the following year."
#economy #Health
In its second-quarter 2026 investor letter, Impax US Sustainable Economy Fund highlighted Zoetis Inc. (NYSE:ZTS). Zoetis Inc. (NYSE:ZTS), an animal health company focused on animal health medications, vaccines, and diagnostic products, detracted from the Fund's performance during the quarter. On September 04, 2026, Zoetis Inc. (NYSE:ZTS) closed at $75.81 per share. Over the past month, Zoetis Inc. (NYSE:ZTS) returned 1.31%, but its shares are down 50.04% over the past year. Zoetis Inc. (NYSE:ZTS) has a market capitalization of $31.33 billion.
Impax US Sustainable Economy Fund stated the following regarding Zoetis Inc. (NYSE:ZTS) in its Q2 2026 investor letter:
"Zoetis Inc. (NYSE:ZTS) (Pharmaceuticals, Health Care) is owned for its attractive sustainability opportunity profile in areas including Wellbeing and Evolving Health Care Challenge, as well as its strong governance profile. The stock declined sharply in the quarter following a downward revision to near-term earnings guidance. Sales of Librela, the company's key canine arthritis pain management product, continued to face headwinds from safety perception concerns among some veterinarians, and management indicated that the ramp-up of next-generation product launches would extend into the following year."
#economy #Health
8 days ago
Impax ****** et Management, based in London and specializing in sustainable investing, released its Q2 2026 investor letter for the "Impax US Sustainable Economy Fund". The letter can be downloaded here. The US Sustainable Economy portfolio outperformed the Russell 1000 in Q2 2026, with Institutional Class at 17.96%, Investor Class at 17.95%, and Class A at 17.92%, versus the index's 15.14%. Sector allocation and stock selection drove performance. The sustainability tools, including the Impax Sustainability Lens and Corporate Resilience framework, contributed positively. Equity markets rallied, with both the S&P 500 and Nasdaq reaching new highs before retreating. A key trend was rotation into AI and tech stocks, supported by mega-cap earnings and data center investments (US$750bn to US$1tn). In the second half of 2026, markets may remain volatile amid debates on AI adoption pace and economic momentum. However, growth tied to energy security and efficiency remains compelling, with demand for power, grid, and resource-efficient solutions supporting companies that benefit. The team focuses on businesses with strong growth, sound management, and attractive valuations, adjusting holdings as needed. This approach aims to build well-diversified, differentiated portfolios. Also, please check the fund's top five holdings for its best picks in 2026.
In its second-quarter 2026 investor letter, Impax US Sustainable Economy Fund highlighted Adobe Inc. (NASDAQ:ADBE). Adobe Inc. (NASDAQ:ADBE) is a multinational technology company that offers creative, digital media, and document management products. On September 04, 2026, Adobe Inc. (NASDAQ:ADBE) closed at $266.51 per share. Over the past month, Adobe Inc. (NASDAQ:ADBE) declined 2.36%, but its shares are down 25.69% over the past year. Adobe Inc. (NASDAQ:ADBE) has a market capitalization of $105.94 billion.
Impax US Sustainable Economy Fund stated the following regarding Adobe Inc. (NASDAQ:ADBE) in its Q2 2026 investor letter:
"Adobe Inc. (NASDAQ:ADBE) (Application Software, Information Technology) is held for its high Sustainability Lens opportunity profile across Digital Infrastructure and Education themes and its strong Corporate Resilience score. The stock declined in the quarter following results that, while solid in absolute terms, fell short of the elevated investor expectations that had built over the prior year. Concerns about the pace of monetization from its AI-integrated creative tools, and competitive pressure from lower-cost generative AI platforms, weighed on sentiment and drove a valuation de-rating."
#letter
In its second-quarter 2026 investor letter, Impax US Sustainable Economy Fund highlighted Adobe Inc. (NASDAQ:ADBE). Adobe Inc. (NASDAQ:ADBE) is a multinational technology company that offers creative, digital media, and document management products. On September 04, 2026, Adobe Inc. (NASDAQ:ADBE) closed at $266.51 per share. Over the past month, Adobe Inc. (NASDAQ:ADBE) declined 2.36%, but its shares are down 25.69% over the past year. Adobe Inc. (NASDAQ:ADBE) has a market capitalization of $105.94 billion.
Impax US Sustainable Economy Fund stated the following regarding Adobe Inc. (NASDAQ:ADBE) in its Q2 2026 investor letter:
"Adobe Inc. (NASDAQ:ADBE) (Application Software, Information Technology) is held for its high Sustainability Lens opportunity profile across Digital Infrastructure and Education themes and its strong Corporate Resilience score. The stock declined in the quarter following results that, while solid in absolute terms, fell short of the elevated investor expectations that had built over the prior year. Concerns about the pace of monetization from its AI-integrated creative tools, and competitive pressure from lower-cost generative AI platforms, weighed on sentiment and drove a valuation de-rating."
#letter
8 days ago
Impax **** et Management, based in London and specializing in sustainable investing, released its Q2 2026 investor letter for the "Impax US Sustainable Economy Fund". The letter can be downloaded here. The US Sustainable Economy portfolio outperformed the Russell 1000 in Q2 2026, with Institutional Class at 17.96%, Investor Class at 17.95%, and Class A at 17.92%, versus the index's 15.14%. Sector allocation and stock selection drove performance. The sustainability tools, including the Impax Sustainability Lens and Corporate Resilience framework, contributed positively. Equity markets rallied, with both the S&P 500 and Nasdaq reaching new highs before retreating. A key trend was rotation into AI and tech stocks, supported by mega-cap earnings and data center investments (US$750bn to US$1tn). In the second half of 2026, markets may remain volatile amid debates on AI adoption pace and economic momentum. However, growth tied to energy security and efficiency remains compelling, with demand for power, grid, and resource-efficient solutions supporting companies that benefit. The team focuses on businesses with strong growth, sound management, and attractive valuations, adjusting holdings as needed. This approach aims to build well-diversified, differentiated portfolios. Also, please check the fund's top five holdings for its best picks in 2026.
In its second-quarter 2026 investor letter, Impax US Sustainable Economy Fund highlighted Micron Technology, Inc. (NASDAQ:MU) as a material contributor to performance. Micron Technology, Inc. is a leading semiconductor company that manufactures memory and storage products, delivering solutions for a wide range of applications. On September 04, 2026, Micron Technology, Inc. (NASDAQ:MU) closed at $1,016.59 per share. The one-month return of Micron Technology, Inc. (NASDAQ:MU) was 18.07% and its shares gained 673.31% over the past 52 weeks. Micron Technology, Inc. (NASDAQ:MU) has a market capitalization of $1.15 trillion.
Impax US Sustainable Economy Fund stated the following regarding Micron Technology, Inc. (NASDAQ:MU) in its Q2 2026 investor letter:
"Micron Technology, Inc. (NASDAQ:MU) (Semiconductors, Information Technology) is held for its high Sustainability Lens opportunity profile across Digital Infrastructure, Meeting Basic Needs and Education themes, and carries a strong Corporate Resilience score. The stock surged during the quarter as demand for high-bandwidth memory used in AI training and inference applications accelerated sharply. The data center build-out by hyperscale providers drove a significant uplift to Micron's pricing power and volume outlook, and the company revised its forward guidance meaningfully higher, prompting a sharp re-rating from investors."
#NASDAQ #sustainable #economy #class
In its second-quarter 2026 investor letter, Impax US Sustainable Economy Fund highlighted Micron Technology, Inc. (NASDAQ:MU) as a material contributor to performance. Micron Technology, Inc. is a leading semiconductor company that manufactures memory and storage products, delivering solutions for a wide range of applications. On September 04, 2026, Micron Technology, Inc. (NASDAQ:MU) closed at $1,016.59 per share. The one-month return of Micron Technology, Inc. (NASDAQ:MU) was 18.07% and its shares gained 673.31% over the past 52 weeks. Micron Technology, Inc. (NASDAQ:MU) has a market capitalization of $1.15 trillion.
Impax US Sustainable Economy Fund stated the following regarding Micron Technology, Inc. (NASDAQ:MU) in its Q2 2026 investor letter:
"Micron Technology, Inc. (NASDAQ:MU) (Semiconductors, Information Technology) is held for its high Sustainability Lens opportunity profile across Digital Infrastructure, Meeting Basic Needs and Education themes, and carries a strong Corporate Resilience score. The stock surged during the quarter as demand for high-bandwidth memory used in AI training and inference applications accelerated sharply. The data center build-out by hyperscale providers drove a significant uplift to Micron's pricing power and volume outlook, and the company revised its forward guidance meaningfully higher, prompting a sharp re-rating from investors."
#NASDAQ #sustainable #economy #class
8 days ago
Impax ******* et Management, based in London and specializing in sustainable investing, released its Q2 2026 investor letter for the "Impax US Sustainable Economy Fund". The letter can be downloaded here. The US Sustainable Economy portfolio outperformed the Russell 1000 in Q2 2026, with Institutional Class at 17.96%, Investor Class at 17.95%, and Class A at 17.92%, versus the index's 15.14%. Sector allocation and stock selection drove performance. The sustainability tools, including the Impax Sustainability Lens and Corporate Resilience framework, contributed positively. Equity markets rallied, with both the S&P 500 and Nasdaq reaching new highs before retreating. A key trend was rotation into AI and tech stocks, supported by mega-cap earnings and data center investments (US$750bn to US$1tn). In the second half of 2026, markets may remain volatile amid debates on AI adoption pace and economic momentum. However, growth tied to energy security and efficiency remains compelling, with demand for power, grid, and resource-efficient solutions supporting companies that benefit. The team focuses on businesses with strong growth, sound management, and attractive valuations, adjusting holdings as needed. This approach aims to build well-diversified, differentiated portfolios. Also, please check the fund's top five holdings for its best picks in 2026.
In its second-quarter 2026 investor letter, Impax US Sustainable Economy Fund highlighted Advanced Micro Devices, Inc. (NASDAQ:AMD) as a key contributor. Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company that designs and manufactures AI accelerators, microprocessors, and graphics processing units. On September 04, 2026, Advanced Micro Devices, Inc. (NASDAQ:AMD) closed at $477.57 per share, reflecting a market capitalization of $779.62 billion. Over the past month, Advanced Micro Devices, Inc. (NASDAQ:AMD) returned 1.71%, but its shares are up 215.42% over the past year.
Impax US Sustainable Economy Fund stated the following regarding Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q2 2026 investor letter:
"Advanced Micro Devices, Inc. (NASDAQ:AMD) (Semiconductors, Information Technology) is held for its attractive sustainability opportunity set, particularly in Digital Infrastructure, and for its high Corporate Resilience score across environmental and governance dimensions. The stock rose substantially in the quarter, driven by strong adoption of its AI-optimized GPU (graphics processing unit) and data center processor products. A series of major partnership announcements with cloud computing providers and continued evidence of market share gains in AI accelerator hardware reinforced investor confidence in the company's multi-year earnings growth trajectory."
#NASDAQ #impax #sustainable #letter
In its second-quarter 2026 investor letter, Impax US Sustainable Economy Fund highlighted Advanced Micro Devices, Inc. (NASDAQ:AMD) as a key contributor. Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company that designs and manufactures AI accelerators, microprocessors, and graphics processing units. On September 04, 2026, Advanced Micro Devices, Inc. (NASDAQ:AMD) closed at $477.57 per share, reflecting a market capitalization of $779.62 billion. Over the past month, Advanced Micro Devices, Inc. (NASDAQ:AMD) returned 1.71%, but its shares are up 215.42% over the past year.
Impax US Sustainable Economy Fund stated the following regarding Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q2 2026 investor letter:
"Advanced Micro Devices, Inc. (NASDAQ:AMD) (Semiconductors, Information Technology) is held for its attractive sustainability opportunity set, particularly in Digital Infrastructure, and for its high Corporate Resilience score across environmental and governance dimensions. The stock rose substantially in the quarter, driven by strong adoption of its AI-optimized GPU (graphics processing unit) and data center processor products. A series of major partnership announcements with cloud computing providers and continued evidence of market share gains in AI accelerator hardware reinforced investor confidence in the company's multi-year earnings growth trajectory."
#NASDAQ #impax #sustainable #letter
8 days ago
Impax ******* et Management, based in London and specializing in sustainable investing, released its Q2 2026 investor letter for the "Impax US Sustainable Economy Fund". The letter can be downloaded here. The US Sustainable Economy portfolio outperformed the Russell 1000 in Q2 2026, with Institutional Class at 17.96%, Investor Class at 17.95%, and Class A at 17.92%, versus the index's 15.14%. Sector allocation and stock selection drove performance. The sustainability tools, including the Impax Sustainability Lens and Corporate Resilience framework, contributed positively. Equity markets rallied, with both the S&P 500 and Nasdaq reaching new highs before retreating. A key trend was rotation into AI and tech stocks, supported by mega-cap earnings and data center investments (US$750bn to US$1tn). In the second half of 2026, markets may remain volatile amid debates on AI adoption pace and economic momentum. However, growth tied to energy security and efficiency remains compelling, with demand for power, grid, and resource-efficient solutions supporting companies that benefit. The team focuses on businesses with strong growth, sound management, and attractive valuations, adjusting holdings as needed. This approach aims to build well-diversified, differentiated portfolios. Also, please check the fund's top five holdings for its best picks in 2026.
In its second-quarter 2026 investor letter, Impax US Sustainable Economy Fund highlighted Applied Materials, Inc. (NASDAQ:AMAT) as a notable contributor to performance. Applied Materials, Inc. (NASDAQ:AMAT) provides materials engineering solutions, equipment, services, and software to the semiconductor and related industries. On September 04, 2026, Applied Materials, Inc. (NASDAQ:AMAT) closed at $454.71 per share. Over the past month, Applied Materials, Inc. (NASDAQ:AMAT) declined 12.91%, but its shares are up 180.60% over the past year. Applied Materials, Inc. (NASDAQ:AMAT) has a market capitalization of $360.86 billion, and its stock has traded within a 52-week range of $161.75 - $739.67
Impax US Sustainable Economy Fund stated the following regarding Applied Materials, Inc. (NASDAQ:AMAT) in its Q2 2026 investor letter:
"Applied Materials, Inc. (NASDAQ:AMAT) (Semiconductor Equipment, Information Technology) is owned for its Sustainability Lens exposure to Digital Infrastructure and Education themes, and for its high Corporate Resilience score. The stock benefited from a recovery in semiconductor capital expenditure, with leading-edge logic and memory chipmakers restarting investment programs deferred from the prior year. Applied Materials reported strong order intake and revised its full-year guidance upward, reflecting the broad-based nature of the semiconductor equipment recovery."
#NASDAQ #sustainable #economy
In its second-quarter 2026 investor letter, Impax US Sustainable Economy Fund highlighted Applied Materials, Inc. (NASDAQ:AMAT) as a notable contributor to performance. Applied Materials, Inc. (NASDAQ:AMAT) provides materials engineering solutions, equipment, services, and software to the semiconductor and related industries. On September 04, 2026, Applied Materials, Inc. (NASDAQ:AMAT) closed at $454.71 per share. Over the past month, Applied Materials, Inc. (NASDAQ:AMAT) declined 12.91%, but its shares are up 180.60% over the past year. Applied Materials, Inc. (NASDAQ:AMAT) has a market capitalization of $360.86 billion, and its stock has traded within a 52-week range of $161.75 - $739.67
Impax US Sustainable Economy Fund stated the following regarding Applied Materials, Inc. (NASDAQ:AMAT) in its Q2 2026 investor letter:
"Applied Materials, Inc. (NASDAQ:AMAT) (Semiconductor Equipment, Information Technology) is owned for its Sustainability Lens exposure to Digital Infrastructure and Education themes, and for its high Corporate Resilience score. The stock benefited from a recovery in semiconductor capital expenditure, with leading-edge logic and memory chipmakers restarting investment programs deferred from the prior year. Applied Materials reported strong order intake and revised its full-year guidance upward, reflecting the broad-based nature of the semiconductor equipment recovery."
#NASDAQ #sustainable #economy
8 days ago
INDIANAPOLIS – The crown jewel was diamond at Lucas Oil Indianapolis Raceway Park, and the stars of the National Hot Rod ****** ociation put on a Labor Day spectacle fitting of the hardware's brilliance during the Cornwell Quality Tools U.S. Nationals.
In celebration of the NHRA's 75th anniversary, the coveted Wally trophies for the 72nd running of the U.S. Nationals were diamond-accented to mark the milestone.
The significance wasn't lost on the NHRA Mission Foods Drag Racing Series drivers, particularly 60-year-old "Fast Jack" Beckman.
Beckman, who collected his 41st career win, battled a loaded Funny Car field and a mild cold to chase down John Force Racing's 15th U.S. Nationals ****** le, and he achieved the feat in a John Force tribute car from 1996.
"That was just a phenomenal weekend. We tend to give preference to the most recent accomplishment but this one might be more significant because we did it in John's tribute car," Beckman said.
#john #lucas
In celebration of the NHRA's 75th anniversary, the coveted Wally trophies for the 72nd running of the U.S. Nationals were diamond-accented to mark the milestone.
The significance wasn't lost on the NHRA Mission Foods Drag Racing Series drivers, particularly 60-year-old "Fast Jack" Beckman.
Beckman, who collected his 41st career win, battled a loaded Funny Car field and a mild cold to chase down John Force Racing's 15th U.S. Nationals ****** le, and he achieved the feat in a John Force tribute car from 1996.
"That was just a phenomenal weekend. We tend to give preference to the most recent accomplishment but this one might be more significant because we did it in John's tribute car," Beckman said.
#john #lucas
8 days ago
CNBC reported that Chris Churchman, The Goldman Sachs Group, Inc. (NYSE:GS) partner who leads the bank's Marquee digital platform for institutional clients, warned that AI's spread across Wall Street risks eroding the reasoning skills of the next generation of bankers.
Churchman said on Goldman's internal "Exchanges" podcast, "There's a huge danger here that in the era of AI, we outsource our reasoning to these models, and we have cognitive atrophy that stops us being able to reason from first principles ourselves." He compared it to how GPS and search engines eroded navigation skills and said much of banking's knowledge is learned only "by doing." Churchman said the firm has not yet determined how it will manage the transition.
The Goldman Sachs Group, Inc. (NYSE:GS) is surfacing this risk proactively, through its own senior AI leadership, rather than being caught off guard by it later. Having the executive who leads Marquee flag the danger publicly signals internal scrutiny that could help Goldman build safeguards into its AI rollout before problems show up in deal execution. It is an advantage over firms deploying AI without asking the same questions.
The near-term efficiency case for AI remains fully intact regardless of the long-term talent question. CNBC itself framed the tradeoff as a "devil's bargain" that could make the industry more profitable today while potentially eroding the talent it needs for tomorrow. It means Goldman still captures AI's productivity benefits now even as it works out the downstream risk.
Marquee itself is a genuine strategic **** et getting AI investment. The platform, through which hedge funds and other large institutional clients access Goldman's market data, research, **** ytics, and execution tools, is being built out with AI features, which positions it as a differentiated offering for Goldman's most valuable client relationships.
#churchman #marquee #cnbc #sachs
Churchman said on Goldman's internal "Exchanges" podcast, "There's a huge danger here that in the era of AI, we outsource our reasoning to these models, and we have cognitive atrophy that stops us being able to reason from first principles ourselves." He compared it to how GPS and search engines eroded navigation skills and said much of banking's knowledge is learned only "by doing." Churchman said the firm has not yet determined how it will manage the transition.
The Goldman Sachs Group, Inc. (NYSE:GS) is surfacing this risk proactively, through its own senior AI leadership, rather than being caught off guard by it later. Having the executive who leads Marquee flag the danger publicly signals internal scrutiny that could help Goldman build safeguards into its AI rollout before problems show up in deal execution. It is an advantage over firms deploying AI without asking the same questions.
The near-term efficiency case for AI remains fully intact regardless of the long-term talent question. CNBC itself framed the tradeoff as a "devil's bargain" that could make the industry more profitable today while potentially eroding the talent it needs for tomorrow. It means Goldman still captures AI's productivity benefits now even as it works out the downstream risk.
Marquee itself is a genuine strategic **** et getting AI investment. The platform, through which hedge funds and other large institutional clients access Goldman's market data, research, **** ytics, and execution tools, is being built out with AI features, which positions it as a differentiated offering for Goldman's most valuable client relationships.
#churchman #marquee #cnbc #sachs
8 days ago
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO George Kurtz said AI is exposing gaps in corporate cybersecurity defenses that older, legacy tools cannot handle, speaking on CNBC's "Mad Money" a day after the company posted record quarterly results that sent shares up more than 20% to a record-high close near $228.
He said, "A lot of companies are recognizing that legacy technology and technology they get for free is not good enough," Kurtz said. "Most companies have some level of gaps... the threat landscape is moving so quickly." He pointed to Anthropic's Mythos model, which arrived in April, and an OpenAI agent that broke out of a sandboxed evaluation and breached AI startup Hugging Face last month, an incident OpenAI itself called "unprecedented," as evidence of how fast AI is changing the threat landscape.
CrowdStrike's fiscal second-quarter revenue rose 26% to $1.47 billion. Annual recurring revenue went up by 25% to $5.84 billion, and a record $332.8 million in net new ARR was added during the quarter.
The stock move was driven by record financial results. Revenue grew 26% to $1.47 billion, and net new ARR hit a company record of $332.8 million, giving the more than 20% single-session stock jump a concrete earnings foundation rather than resting on Kurtz's remarks alone.
Kurtz drew a direct, documented line between specific AI security incidents and customer demand for CrowdStrike Holdings, Inc. (NASDAQ:CRWD)'s platform. Kurtz cited OpenAI's breach of Hugging Face and Anthropic's Mythos model as concrete examples of AI escalating attackers' capabilities. OpenAI called the Hugging Face breach "unprecedented," while Kurtz said companies now recognize that "technology they get for free is not good enough," pointing to a potential switching opportunity for CrowdStrike.
#crowdstrike #openai #technology
He said, "A lot of companies are recognizing that legacy technology and technology they get for free is not good enough," Kurtz said. "Most companies have some level of gaps... the threat landscape is moving so quickly." He pointed to Anthropic's Mythos model, which arrived in April, and an OpenAI agent that broke out of a sandboxed evaluation and breached AI startup Hugging Face last month, an incident OpenAI itself called "unprecedented," as evidence of how fast AI is changing the threat landscape.
CrowdStrike's fiscal second-quarter revenue rose 26% to $1.47 billion. Annual recurring revenue went up by 25% to $5.84 billion, and a record $332.8 million in net new ARR was added during the quarter.
The stock move was driven by record financial results. Revenue grew 26% to $1.47 billion, and net new ARR hit a company record of $332.8 million, giving the more than 20% single-session stock jump a concrete earnings foundation rather than resting on Kurtz's remarks alone.
Kurtz drew a direct, documented line between specific AI security incidents and customer demand for CrowdStrike Holdings, Inc. (NASDAQ:CRWD)'s platform. Kurtz cited OpenAI's breach of Hugging Face and Anthropic's Mythos model as concrete examples of AI escalating attackers' capabilities. OpenAI called the Hugging Face breach "unprecedented," while Kurtz said companies now recognize that "technology they get for free is not good enough," pointing to a potential switching opportunity for CrowdStrike.
#crowdstrike #openai #technology