2 months ago
Argentina's controversial right-wing president, Javier Milei, slashed inflation with a brutal dose of economic austerity, but this came at a steep social cost. The cost of living is spiraling higher, fueling household debt, loan delinquencies, and economic hardship. Industrial output, since Milei took office, has declined sharply, with local companies closing at an alarming rate. While parts of the economy are falling into chaos, Argentina's oil and gas sector is experiencing a generational boom driven by the Vaca Muerta shale.
Argentina's vital hydrocarbon sector continues to surge, with oil production hitting yet another record in July 2026. Output reached 902,920 barrels per day, almost 1% above June and 12% higher than a year earlier, marking the country's highest oil production on record. Natural gas production has also expanded strongly, although output slipped 0.5% month over month and 1.6% year over year in July to average 5.6 billion cubic feet per day. That modest setback barely dents the bigger picture: economically crucial gas production has surged 21% over the past five years.
It is the ongoing and growing exploitation of the Vaca Muerta shale, situated in northern Patagonia in Neuquén Province which is responsible for Argentina's booming oil and natural gas complex. For July 2026, shale oil production rose by 1.2% month over month and a whopping 26% year over year to an all-time high of 648,347 barrels per day. As a result, shale oil now comprises a record 72% of Argentina's total petroleum output. This is also responsible for bolstering energy security in the Americas.
Shale gas production is also expanding at a healthy clip. For July 2026, Argentina lifted an average of 3.9 billion cubic feet per day of the fossil, which, despite being nearly 1% less than a month prior, was almost 4% higher year over year. That is the second-highest monthly shale gas production ever recorded. It was only eclipsed by June 2026 output, which hit 3.94 billion cubic feet per day. Shale gas now makes up 70% of Argentina's natural gas output, which is the highest level ever recorded.
Shale oil and gas production will keep growing at a solid pace, with Argentina on track to become a pure unconventional producer. You see, conventional oil output is in decline and has been for over a decade. Argentina's conventional fields are well past their prime, in many cases having hit peak production a decade ago with output now truly in decline. Government data shows July 2026 conventional oil production of 254,574 barrels per day, which is 2% lower than a month prior and 13% less year over year, indicating conventional oil output is 50% lower than a decade ago.
#shale #july #higher #record
Argentina's vital hydrocarbon sector continues to surge, with oil production hitting yet another record in July 2026. Output reached 902,920 barrels per day, almost 1% above June and 12% higher than a year earlier, marking the country's highest oil production on record. Natural gas production has also expanded strongly, although output slipped 0.5% month over month and 1.6% year over year in July to average 5.6 billion cubic feet per day. That modest setback barely dents the bigger picture: economically crucial gas production has surged 21% over the past five years.
It is the ongoing and growing exploitation of the Vaca Muerta shale, situated in northern Patagonia in Neuquén Province which is responsible for Argentina's booming oil and natural gas complex. For July 2026, shale oil production rose by 1.2% month over month and a whopping 26% year over year to an all-time high of 648,347 barrels per day. As a result, shale oil now comprises a record 72% of Argentina's total petroleum output. This is also responsible for bolstering energy security in the Americas.
Shale gas production is also expanding at a healthy clip. For July 2026, Argentina lifted an average of 3.9 billion cubic feet per day of the fossil, which, despite being nearly 1% less than a month prior, was almost 4% higher year over year. That is the second-highest monthly shale gas production ever recorded. It was only eclipsed by June 2026 output, which hit 3.94 billion cubic feet per day. Shale gas now makes up 70% of Argentina's natural gas output, which is the highest level ever recorded.
Shale oil and gas production will keep growing at a solid pace, with Argentina on track to become a pure unconventional producer. You see, conventional oil output is in decline and has been for over a decade. Argentina's conventional fields are well past their prime, in many cases having hit peak production a decade ago with output now truly in decline. Government data shows July 2026 conventional oil production of 254,574 barrels per day, which is 2% lower than a month prior and 13% less year over year, indicating conventional oil output is 50% lower than a decade ago.
#shale #july #higher #record
2 months ago
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If you're looking for safe ways to grow your money and protect your savings, a high-yield savings account (HYSA) can be a great option. However, it's important to be aware that there are certain instances when you could lose money. So if you plan on opening a high-yield savings account, be sure you understand how to protect your principal and earned interest.
High-yield savings accounts are like traditional savings accounts except that they offer above-average interest rates. These accounts are available from banks and credit unions, particularly online financial institutions. The higher interest rate means you earn more on your deposited funds over time, allowing your savings to grow faster.
If you open an account with a federally insured financial institution, your savings account deposits are protected in case the institution fails. With banks, deposits are protected by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per institution, per depositor, per ownership category. With credit unions, deposits are similarly insured by the National Credit Union Administration.
Read more: High-yield savings account vs. traditional savings account: Which one is better?
#high #credit #interest
If you're looking for safe ways to grow your money and protect your savings, a high-yield savings account (HYSA) can be a great option. However, it's important to be aware that there are certain instances when you could lose money. So if you plan on opening a high-yield savings account, be sure you understand how to protect your principal and earned interest.
High-yield savings accounts are like traditional savings accounts except that they offer above-average interest rates. These accounts are available from banks and credit unions, particularly online financial institutions. The higher interest rate means you earn more on your deposited funds over time, allowing your savings to grow faster.
If you open an account with a federally insured financial institution, your savings account deposits are protected in case the institution fails. With banks, deposits are protected by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per institution, per depositor, per ownership category. With credit unions, deposits are similarly insured by the National Credit Union Administration.
Read more: High-yield savings account vs. traditional savings account: Which one is better?
#high #credit #interest
2 months ago
Cybersecurity firm Zscaler Inc. (NASDAQ:ZS)'s shares were lower in pre market trading the day the firm reported its fiscal fourth quarter earnings report. The results saw the frm's revenue grow by 25% annualy and its non-GAAP earnings grow by 33%. Additionally, the revenue of $898 million and non GAAP earnings per share of $1.19 beat **** yst estimates of $807 million and $1.09. With the shares remaining muted following the release, Crmaer briefly commented on the results in a tweet:
"More good ones than bad ones so far...Lotta Zscaler shorts out there. Sorry."
Zscaler Inc. (NASDAQ:ZS)'s industry, cybersecurity, is a sector that Cramer is enthusiastic about. Two of his favorites in the sector are CrowdStrike and Palo Alto Networks. The firm's latest quarter was a solid set of figures on all fronts, which includes the annual recurring revenue (ARR). Zscaler Inc. (NASDAQ:ZS)'s Q4 ARR jumped by 35% to $3.77 billion, out of which $246 million was net new ARR.
Crucially, the firm demonstrated strong net new ARR growth even if the impact of its Red Canary acquisition is removed. Without the acquisition, Zscaler Inc. (NASDAQ:ZS)'s net new ARR growth was 17%, which marked a strong acceleration over the year-ago quarter's 7%. Additionally, the firm also exited the quarter with more than 785 customers with more than $1 million in ARR and a 50% penetration rate into the Fortune 500. The growth comes at a time when Zscaler Inc. (NASDAQ:ZS) is expanding its AI initiatives to cover AI agents through the Zero Trust platform and corporate large language model deployment via the AI Guard platform. Additionally, CEO Jay Chaudhry claimed to CNBC that his firm had delivered a 50% sequential expansion in AI security bookings in the quarter.
Yet, looking at the fiscal year 2027 guidance, Zscaler Inc. (NASDAQ:ZS) could be in for a deceleration. Comparing the firm's FY27 revenue guidance of $3.91 billion to $3.94 billion to its FY26 revenue of $3.35 billion shows that growth could range between 16.6% to 17.5%, while FY26 revenue growth was 25%. Additionally, powering the AI growth comes at a cost as Zscaler Inc. (NASDAQ:ZS)'s FY26 R&D expenses of $903 million marked a 34% annual growth.
#NASDAQ #revenue
"More good ones than bad ones so far...Lotta Zscaler shorts out there. Sorry."
Zscaler Inc. (NASDAQ:ZS)'s industry, cybersecurity, is a sector that Cramer is enthusiastic about. Two of his favorites in the sector are CrowdStrike and Palo Alto Networks. The firm's latest quarter was a solid set of figures on all fronts, which includes the annual recurring revenue (ARR). Zscaler Inc. (NASDAQ:ZS)'s Q4 ARR jumped by 35% to $3.77 billion, out of which $246 million was net new ARR.
Crucially, the firm demonstrated strong net new ARR growth even if the impact of its Red Canary acquisition is removed. Without the acquisition, Zscaler Inc. (NASDAQ:ZS)'s net new ARR growth was 17%, which marked a strong acceleration over the year-ago quarter's 7%. Additionally, the firm also exited the quarter with more than 785 customers with more than $1 million in ARR and a 50% penetration rate into the Fortune 500. The growth comes at a time when Zscaler Inc. (NASDAQ:ZS) is expanding its AI initiatives to cover AI agents through the Zero Trust platform and corporate large language model deployment via the AI Guard platform. Additionally, CEO Jay Chaudhry claimed to CNBC that his firm had delivered a 50% sequential expansion in AI security bookings in the quarter.
Yet, looking at the fiscal year 2027 guidance, Zscaler Inc. (NASDAQ:ZS) could be in for a deceleration. Comparing the firm's FY27 revenue guidance of $3.91 billion to $3.94 billion to its FY26 revenue of $3.35 billion shows that growth could range between 16.6% to 17.5%, while FY26 revenue growth was 25%. Additionally, powering the AI growth comes at a cost as Zscaler Inc. (NASDAQ:ZS)'s FY26 R&D expenses of $903 million marked a 34% annual growth.
#NASDAQ #revenue
2 months ago
Delaying the first RMD to April 1 stacks two distributions on one tax return, potentially bundling over $150,000 in income for a $2 million IRA.
Medicare sets 2028 premiums using 2026 income, so a bunched RMD year can trigger IRMAA surcharges costing a married couple nearly $5,770 extra annually.
Taking the first RMD by December 31 instead of April 1 keeps both distributions on separate returns and eliminates the income-stacking problem entirely.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
A retiree turned 73 in 2025 and used the option Congress left him. Instead of taking his first required minimum distribution (RMD) by December 31, he delayed it until April 1, 2026. The second RMD was still due December 31, 2026. Two withdrawals landed on one tax return, and Medicare does not care that the first one "belonged" to 2025. Both dollars became 2026 income. The April deadline bought three months. It did not buy another tax year.
#taking #instead
Medicare sets 2028 premiums using 2026 income, so a bunched RMD year can trigger IRMAA surcharges costing a married couple nearly $5,770 extra annually.
Taking the first RMD by December 31 instead of April 1 keeps both distributions on separate returns and eliminates the income-stacking problem entirely.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
A retiree turned 73 in 2025 and used the option Congress left him. Instead of taking his first required minimum distribution (RMD) by December 31, he delayed it until April 1, 2026. The second RMD was still due December 31, 2026. Two withdrawals landed on one tax return, and Medicare does not care that the first one "belonged" to 2025. Both dollars became 2026 income. The April deadline bought three months. It did not buy another tax year.
#taking #instead
2 months ago
(Bloomberg) -- Health and fitness ring-maker Oura Inc. filed for an initial public offering, showing soaring revenue as well as increasing losses.
Most Read from Bloomberg
World's Unusually High Dollar Exposure Risks Fueling Selloff
Uber to Cut 10% of Jobs, or 3,300 Roles, to Slash Bureaucracy
China-US Spat at G20 Largely Came Down to Dispute Over One Word
#selloff
Most Read from Bloomberg
World's Unusually High Dollar Exposure Risks Fueling Selloff
Uber to Cut 10% of Jobs, or 3,300 Roles, to Slash Bureaucracy
China-US Spat at G20 Largely Came Down to Dispute Over One Word
#selloff
2 months ago
Micron (NASDAQ: MU) has been an incredible stock to own in 2026, as it's up by around 225% this year. Just because it has done so well already, though, doesn't mean it isn't primed for more upside, and one billionaire investor recently bought more shares of it.
During the second quarter, billionaire Phillippe Laffont, who runs investment management firm Coatue Management, massively increased its Micron stake. As of the end of Q1, it held around 166,000 Micron shares. As of June 30, it held 3.1 million. That's a huge jump in a short time frame, but after looking at Micron's potential, I think it makes perfect sense.
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 »
Micron is down over 20% from the all-time high it hit in June, and I think now could be the perfect time to load up on shares, as a rally could be imminent.
Micron makes memory chips, which are in short supply because the artificial intelligence build-out is consuming the majority of what producers can manufacture. Every memory-chip maker is more than sold out well in advance of production, which has caused prices for memory to skyrocket. Little has changed when it comes to their input costs, so this price growth is creating pure profit for Micron.
#time #signal #june #flashing
During the second quarter, billionaire Phillippe Laffont, who runs investment management firm Coatue Management, massively increased its Micron stake. As of the end of Q1, it held around 166,000 Micron shares. As of June 30, it held 3.1 million. That's a huge jump in a short time frame, but after looking at Micron's potential, I think it makes perfect sense.
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 »
Micron is down over 20% from the all-time high it hit in June, and I think now could be the perfect time to load up on shares, as a rally could be imminent.
Micron makes memory chips, which are in short supply because the artificial intelligence build-out is consuming the majority of what producers can manufacture. Every memory-chip maker is more than sold out well in advance of production, which has caused prices for memory to skyrocket. Little has changed when it comes to their input costs, so this price growth is creating pure profit for Micron.
#time #signal #june #flashing
2 months ago
Wall Street's biggest bank just delivered a message that sounds contradictory at first. Chip stocks could fall further from here, and that is not necessarily bad news, according to one of the sector's most closely watched **** ysts.
The call came two days before Nvidia reported earnings on Aug. 26. Nvidia beat on every key metric and guided ahead of consensus for Q3. But what Bank of America was telling investors going into that report was more nuanced than a simple read on the earnings print.
Bank of America **** yst Vivek Arya, who ranks 229 out of more than 12,000 **** ysts tracked by TipRanks with a 58% success rate, sees roughly 10% further downside risk for the Philadelphia Semiconductor Index (SOX).
A decline of that size would push the SOX back to its valuation discount versus the S&P 500 before ChatGPT's debut in November 2022, CNBC reported.
Several factors are weighing on the group in the near term. Arya pointed to rising interest rates, public pushback on data center projects, geopolitical tension, worries over circular financing arrangements between AI companies, and heavy investor positioning, with chips now running about 13% overweight against the broader S&P 500.
#analysts
The call came two days before Nvidia reported earnings on Aug. 26. Nvidia beat on every key metric and guided ahead of consensus for Q3. But what Bank of America was telling investors going into that report was more nuanced than a simple read on the earnings print.
Bank of America **** yst Vivek Arya, who ranks 229 out of more than 12,000 **** ysts tracked by TipRanks with a 58% success rate, sees roughly 10% further downside risk for the Philadelphia Semiconductor Index (SOX).
A decline of that size would push the SOX back to its valuation discount versus the S&P 500 before ChatGPT's debut in November 2022, CNBC reported.
Several factors are weighing on the group in the near term. Arya pointed to rising interest rates, public pushback on data center projects, geopolitical tension, worries over circular financing arrangements between AI companies, and heavy investor positioning, with chips now running about 13% overweight against the broader S&P 500.
#analysts
2 months ago
Can AI accurately measure America's retirement readiness? In this episode, we put Claude Opus 4.8 to the test on key questions about the U.S. workforce and retirement coverage, then had one of the nation's leading retirement economists fact-check every number. Our guest, Andrew G. Biggs, PhD, Senior Fellow at the American Enterprise Institute, breaks down where the AI got it right, where it fell short, and what the real data actually reveals about how prepared Americans truly are for retirement.
Subscribe To "Broadcast Retirement Network" On YouTube For Aging, Finance, Lifestyle, Privacy, Retirement, and Wellness programming Monday through Sunday at 7:30 AM ET.
Transcript:
Jeffrey Snyder, Broadcast Retirement Network
We're going to welcome back to the program, Dr. Andrew Biggs. He's a senior fellow at the American Enterprise Institute. Dr. Biggs. It's always a pleasure to see you. Thanks for stopping by the program this morning.
#american #institute #broadcast #network
Subscribe To "Broadcast Retirement Network" On YouTube For Aging, Finance, Lifestyle, Privacy, Retirement, and Wellness programming Monday through Sunday at 7:30 AM ET.
Transcript:
Jeffrey Snyder, Broadcast Retirement Network
We're going to welcome back to the program, Dr. Andrew Biggs. He's a senior fellow at the American Enterprise Institute. Dr. Biggs. It's always a pleasure to see you. Thanks for stopping by the program this morning.
#american #institute #broadcast #network
2 months ago
Matt Murphy already raised MRVL's revenue outlook to ~$11.5 billion for fiscal 2027, and the stock has beaten earnings estimates in 5 of its last 6 reports.
After Q1 FY27 earnings, MRVL surged 54% in one week while QQQ gained just 0.11% over the same 30-day stretch.
Polymarket gives MRVL an 88% probability of beating earnings, and 38 ****** ysts rate it Buy with zero Sells.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Marvell Technology didn't make the cut. Grab the names FREE today.
Marvell Technology (NASDAQ:MRVL) heading into the August 27, 2026 fiscal Q2 2027 earnings report, carries a favorable setup. Management has already telegraphed acceleration, the bookings are in hand, and the crowd is betting on a beat. The catalyst is defined and the evidence points in one direction.
#earnings #marvell #already
After Q1 FY27 earnings, MRVL surged 54% in one week while QQQ gained just 0.11% over the same 30-day stretch.
Polymarket gives MRVL an 88% probability of beating earnings, and 38 ****** ysts rate it Buy with zero Sells.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Marvell Technology didn't make the cut. Grab the names FREE today.
Marvell Technology (NASDAQ:MRVL) heading into the August 27, 2026 fiscal Q2 2027 earnings report, carries a favorable setup. Management has already telegraphed acceleration, the bookings are in hand, and the crowd is betting on a beat. The catalyst is defined and the evidence points in one direction.
#earnings #marvell #already
2 months ago
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Bitcoin (BTC-USD) opened at $73,013 on Friday, August 21, 2026, 5.4% higher than Thursday's opening price. As of 9:08 a.m. ET this morning, the price of bitcoin moved up to $77,307.95.
Ethereum (ETH-USD) opened at $2,326.60 on Friday, August 21, 2026, up 3.3% from Thursday's opening price. The price of ethereum moved higher this morning to $2,390.81 as of 9:08 a.m. ET.
Bitcoin and ethereum prices continued to rise Friday morning. The Treasury announcement to buy back more long-term debt and President Trump's recent call to pass crypto legislation sparked the rally. U.S. Treasury debt repurchases inject liquidity into financial markets and suppress long-term bond yields. Lower yields free up investor cash and prompt greater appetite for risk — which benefits cryptocurrencies and other volatile ***** ets.
The price of bitcoin this morning was 5.4% higher than Thursday's opening price. Here's a look at how the opening bitcoin price has changed versus last week, month, and year:
#opening #ethereum
Bitcoin (BTC-USD) opened at $73,013 on Friday, August 21, 2026, 5.4% higher than Thursday's opening price. As of 9:08 a.m. ET this morning, the price of bitcoin moved up to $77,307.95.
Ethereum (ETH-USD) opened at $2,326.60 on Friday, August 21, 2026, up 3.3% from Thursday's opening price. The price of ethereum moved higher this morning to $2,390.81 as of 9:08 a.m. ET.
Bitcoin and ethereum prices continued to rise Friday morning. The Treasury announcement to buy back more long-term debt and President Trump's recent call to pass crypto legislation sparked the rally. U.S. Treasury debt repurchases inject liquidity into financial markets and suppress long-term bond yields. Lower yields free up investor cash and prompt greater appetite for risk — which benefits cryptocurrencies and other volatile ***** ets.
The price of bitcoin this morning was 5.4% higher than Thursday's opening price. Here's a look at how the opening bitcoin price has changed versus last week, month, and year:
#opening #ethereum
2 months ago
Our **** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Canadian cannabis firm Aurora fired back at Curaleaf on Wednesday, a day after Curaleaf went public with its $4 per share hostile bid.
In what should come as no surprise to anyone who's watched these hostile bids play out before, Aurora urged its shareholders to take no action. But things got snippier from there.
"We believe Curaleaf made a strategic decision to make its offer public to pressure our shareholders into making a short-term decision for the benefit of Curaleaf shareholders," Aurora CEO Miguel Martin said. "We will not do that."
Curaleaf shot back in a social media post: "Don't be fooled by Aurora's response as it does not change the facts: billions written off, years of restructuring, bloated costs, and promises made with little to show for it."
#public
Canadian cannabis firm Aurora fired back at Curaleaf on Wednesday, a day after Curaleaf went public with its $4 per share hostile bid.
In what should come as no surprise to anyone who's watched these hostile bids play out before, Aurora urged its shareholders to take no action. But things got snippier from there.
"We believe Curaleaf made a strategic decision to make its offer public to pressure our shareholders into making a short-term decision for the benefit of Curaleaf shareholders," Aurora CEO Miguel Martin said. "We will not do that."
Curaleaf shot back in a social media post: "Don't be fooled by Aurora's response as it does not change the facts: billions written off, years of restructuring, bloated costs, and promises made with little to show for it."
#public
3 months ago
If the stock market is sputtering, it's not because of earnings. S&P 500 earnings per share are on pace to climb more than 50% in the second quarter. Combining reported and yet-to-be-reported results, S&P 500 earnings are up 50.4%, according to the most recent data from FactSet. That's the best quarter since Q2 of 2021, when profits surged 91.6% in…
#earnings #reported
#earnings #reported
3 months ago
WOLF surged 6% and ON jumped 3% after Mizuho flagged a faster NVIDIA Vera Rubin ramp anchored by xAI and Meta starting Q4 2026.
El-Khoury says power content per rack rises from $15,000 to $115,000 under 800V DC, with AI data center revenue doubling in 2026.
ON Semiconductor's September 16 ****** yst Day and NVIDIA's next quarterly update are the two checkpoints that could confirm or crack Monday's rally.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and STMicroelectronics didn't make the cut. Grab the names FREE today.
Power semiconductor stocks are pushing higher in Monday trading, with Wolfspeed (NYSE:WOLF) up 5.74% to $33.61, STMicroelectronics (NYSE:STM) up 4.17% to $56.56, and ON Semiconductor (NASDAQ:ON) up 2.96% to $85.11. The move follows a weekend Mizuho research note flagging a stronger and faster NVIDIA Vera Rubin ramp than the market had been positioned for.
#vera
El-Khoury says power content per rack rises from $15,000 to $115,000 under 800V DC, with AI data center revenue doubling in 2026.
ON Semiconductor's September 16 ****** yst Day and NVIDIA's next quarterly update are the two checkpoints that could confirm or crack Monday's rally.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and STMicroelectronics didn't make the cut. Grab the names FREE today.
Power semiconductor stocks are pushing higher in Monday trading, with Wolfspeed (NYSE:WOLF) up 5.74% to $33.61, STMicroelectronics (NYSE:STM) up 4.17% to $56.56, and ON Semiconductor (NASDAQ:ON) up 2.96% to $85.11. The move follows a weekend Mizuho research note flagging a stronger and faster NVIDIA Vera Rubin ramp than the market had been positioned for.
#vera
3 months ago
Frasers Group has acquired department store chain Harvey Nichols from FTI Consulting, the business consulting company that had been appointed administrator to oversee its sale.
Owned by billionaire Mike Ashley, the UK retail conglomerate has not confirmed the value of the transaction, though several media outlets have reported it to be £40m ($53.9m).
Harvey Nichols had been struggling with trading and operational pressures for some time before the sale.
Harvey Nichols CEO Julia Goddard said: "Today marks an important milestone for Harvey Nichols and provides a strong platform for the next phase of the business's evolution under the ownership of Frasers Group."
The acquisition brings six UK stores into Frasers' portfolio: the Knightsbridge flagship in London, which recently underwent refurbishment, together with outlets in Birmingham, Bristol, Edinburgh, Leeds and Manchester.
#outlets
Owned by billionaire Mike Ashley, the UK retail conglomerate has not confirmed the value of the transaction, though several media outlets have reported it to be £40m ($53.9m).
Harvey Nichols had been struggling with trading and operational pressures for some time before the sale.
Harvey Nichols CEO Julia Goddard said: "Today marks an important milestone for Harvey Nichols and provides a strong platform for the next phase of the business's evolution under the ownership of Frasers Group."
The acquisition brings six UK stores into Frasers' portfolio: the Knightsbridge flagship in London, which recently underwent refurbishment, together with outlets in Birmingham, Bristol, Edinburgh, Leeds and Manchester.
#outlets
3 months ago
Wayfair (W), a leading online destination for furniture and home goods, appears to be regaining momentum after years of uneven demand across the home furnishings market. Its latest quarterly results indicate that stronger execution and steady business expansion are beginning to translate into measurable gains.
Shares of Wayfair jumped nearly 30% on Tuesday, Aug. 4, after the company reported a strong top- and bottom-line beat for Q2 FY2026. Domestic revenue growth accelerated, while specialty retail brands posted nearly 20% year-over-year (YOY) growth. Luxury brand Perigold expanded more than 35%, pushing annual sales beyond $400 million.
Jeff Bezos Says He's Selling $1 Billion In Amazon Stock Every Year to Fund Blue Origin — 'It's The Most Important Work I'm Doing'
Apple's New CEO Is Bringing a Familiar Face Back From Retirement. The Shift Is Happening.
Nasdaq Futures Climb as Tech Rally Continues on Palantir Boost, U.S. JOLTS Report and ******* eX Earnings on Tap
#tuesday #domestic
Shares of Wayfair jumped nearly 30% on Tuesday, Aug. 4, after the company reported a strong top- and bottom-line beat for Q2 FY2026. Domestic revenue growth accelerated, while specialty retail brands posted nearly 20% year-over-year (YOY) growth. Luxury brand Perigold expanded more than 35%, pushing annual sales beyond $400 million.
Jeff Bezos Says He's Selling $1 Billion In Amazon Stock Every Year to Fund Blue Origin — 'It's The Most Important Work I'm Doing'
Apple's New CEO Is Bringing a Familiar Face Back From Retirement. The Shift Is Happening.
Nasdaq Futures Climb as Tech Rally Continues on Palantir Boost, U.S. JOLTS Report and ******* eX Earnings on Tap
#tuesday #domestic
3 months ago
In Bitcoin news today, Strategy (MSTR) has sold 1,638 BTC for approximately $105M, according to a recent 8-K filing with the SEC, marking six consecutive weeks without a single Bitcoin purchase and continuing a clear pivot away from the firm's historic accumulation strategy.
The sale is notable because Strategy has staked its business on accumulating, not selling, Bitcoin. Yet the firm has now sold Bitcoin on multiple occasions in 2026, signaling a meaningful shift in how it manages its treasury obligations.
This news comes as BTC USD trades for around $63,500, up +1.5% over the past 24 hours as the market digests this latest sell from Strategy. Daily trading volume for Bitcoin sits at just over $25Bn.
Saylor has come out to address this latest sell. He claims to have never sold any personal Bitcoin and that his 'Never sell' mantra referred to individual savings and not corporate stacks.
The 1,638 BTC were sold at an average price of approximately $64,000 per coin, meaningfully below Strategy's aggregate average purchase price of $75,419, meaning the company is realizing losses relative to its cost basis on each coin sold.
#approximately #latest #price
The sale is notable because Strategy has staked its business on accumulating, not selling, Bitcoin. Yet the firm has now sold Bitcoin on multiple occasions in 2026, signaling a meaningful shift in how it manages its treasury obligations.
This news comes as BTC USD trades for around $63,500, up +1.5% over the past 24 hours as the market digests this latest sell from Strategy. Daily trading volume for Bitcoin sits at just over $25Bn.
Saylor has come out to address this latest sell. He claims to have never sold any personal Bitcoin and that his 'Never sell' mantra referred to individual savings and not corporate stacks.
The 1,638 BTC were sold at an average price of approximately $64,000 per coin, meaningfully below Strategy's aggregate average purchase price of $75,419, meaning the company is realizing losses relative to its cost basis on each coin sold.
#approximately #latest #price
3 months ago
Western Union has launched Stablecard in partnership with stablecoin payments platform Rain.
The launch follows Western Union's earlier introduction of USDPT, a US dollar-denominated payment stablecoin.
The new product, Stablecard by Western Union, combines a digital wallet with a USDPT-backed Visa secured credit card.
In a statement, Western Union said the product offers a "consumer-friendly way" for users to receive and hold USDPT, and spend funds wherever Visa is accepted.
The card can also be added to digital wallets including Apple Pay and Google Pay.
#western #union #digital #card
The launch follows Western Union's earlier introduction of USDPT, a US dollar-denominated payment stablecoin.
The new product, Stablecard by Western Union, combines a digital wallet with a USDPT-backed Visa secured credit card.
In a statement, Western Union said the product offers a "consumer-friendly way" for users to receive and hold USDPT, and spend funds wherever Visa is accepted.
The card can also be added to digital wallets including Apple Pay and Google Pay.
#western #union #digital #card
3 months ago
Bristol Myers Squibb (NYSE: BMY) looks attractive from a value perspective. For example, its dividend yield is a lofty 4% compared to the S&P 500 index's (SNPINDEX: ^GSPC) 1% and the pharmaceutical sector's average of around 1.5%. From a more traditional perspective, Bristol Myers Squibb's 17.5x price-to-earnings ratio is well below the industry average of 25x. Here's why it may not be as cheap as it looks and what needs to happen to change that.
There is nothing particularly unusual happening with Bristol Myers Squibb's business. That is important to highlight because the pharmaceutical industry is highly competitive, research-driven, and has a unique patent situation that materially complicates things even for the largest drug makers. The issue is that the patent protections for new drugs are time-limited, but research and development outcomes are unpredictable.
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 »
That's the crux of the problem with Bristol Myers Squibb right now. Material patent expirations are occurring, including Revlimid and Pomalyst in 2026. And that will be followed by Eliquis, which is marketed with Pfizer (NYSE: PFE) in 2028. While patent expirations are common, the outcome is usually a material drop in revenue from the affected drugs. So Bristol Myers Squibb's top and bottom lines are going to be under pressure for a bit. If that's the case, the low P/E and high yield relative to the broader sector could simply be Wall Street pricing in the patent expirations.
Management isn't sitting around with its head in the sand. The company is actively looking for new drug candidates. And it actually has some attractive pipeline options in rare diseases, immunology, and cancer. If the company gets a couple of new blockbuster drugs approved, it could easily offset the hit from drugs that are losing patent protection. If that comes to pass, today's relatively low price will turn out to be a bargain.
#signal
There is nothing particularly unusual happening with Bristol Myers Squibb's business. That is important to highlight because the pharmaceutical industry is highly competitive, research-driven, and has a unique patent situation that materially complicates things even for the largest drug makers. The issue is that the patent protections for new drugs are time-limited, but research and development outcomes are unpredictable.
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 »
That's the crux of the problem with Bristol Myers Squibb right now. Material patent expirations are occurring, including Revlimid and Pomalyst in 2026. And that will be followed by Eliquis, which is marketed with Pfizer (NYSE: PFE) in 2028. While patent expirations are common, the outcome is usually a material drop in revenue from the affected drugs. So Bristol Myers Squibb's top and bottom lines are going to be under pressure for a bit. If that's the case, the low P/E and high yield relative to the broader sector could simply be Wall Street pricing in the patent expirations.
Management isn't sitting around with its head in the sand. The company is actively looking for new drug candidates. And it actually has some attractive pipeline options in rare diseases, immunology, and cancer. If the company gets a couple of new blockbuster drugs approved, it could easily offset the hit from drugs that are losing patent protection. If that comes to pass, today's relatively low price will turn out to be a bargain.
#signal
3 months ago
Medicare Advantage enrollment is easy, but switching back requires medical underwriting that a stent, GLP-1 prescription, or high blood pressure can permanently block.
Federal law gives Medigap applicants one guaranteed-issue window: six months starting at 65 with Part B enrollment; after that, carriers can legally deny you.
Original Medicare without a supplement carries a $1,736 per-benefit-period hospital deductible and unlimited 20% Part B coinsurance with no annual out-of-pocket cap.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
A 71-year-old Florida widow had spent two years fighting her Medicare Advantage plan over a cardiology referral. She finally decided she was done. A broker helped her choose Medigap Plan G and start the application. Then the insurer saw the stent placed in 2023 and declined her. Other carriers followed. She was allowed to leave Medicare Advantage. Buying the coverage she wanted on the other side was the problem.
#medicare #advantage #medigap #stent
Federal law gives Medigap applicants one guaranteed-issue window: six months starting at 65 with Part B enrollment; after that, carriers can legally deny you.
Original Medicare without a supplement carries a $1,736 per-benefit-period hospital deductible and unlimited 20% Part B coinsurance with no annual out-of-pocket cap.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
A 71-year-old Florida widow had spent two years fighting her Medicare Advantage plan over a cardiology referral. She finally decided she was done. A broker helped her choose Medigap Plan G and start the application. Then the insurer saw the stent placed in 2023 and declined her. Other carriers followed. She was allowed to leave Medicare Advantage. Buying the coverage she wanted on the other side was the problem.
#medicare #advantage #medigap #stent
3 months ago
Our ******* ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Exceptional organic revenue growth of 19.6% was driven by mission-critical projects, particularly within the network and communications sector which houses the data center business.
Electrical Construction margins expanded 210 basis points due to superior field execution and a favorable project mix, while Mechanical Construction saw a mix shift toward lower-margin prime contractor and cost-plus roles.
The company achieved significant operating leverage, reducing SG&A margin by 50 basis points even as revenues grew nearly 20%, reflecting the scalability of the current overhead structure.
Management attributes sustained success to 'enduring fundamentals,' specifically prefabrication capabilities, virtual design and construction (VDC) technology, and disciplined labor management.
#construction #Margin #tell #exceptional
Exceptional organic revenue growth of 19.6% was driven by mission-critical projects, particularly within the network and communications sector which houses the data center business.
Electrical Construction margins expanded 210 basis points due to superior field execution and a favorable project mix, while Mechanical Construction saw a mix shift toward lower-margin prime contractor and cost-plus roles.
The company achieved significant operating leverage, reducing SG&A margin by 50 basis points even as revenues grew nearly 20%, reflecting the scalability of the current overhead structure.
Management attributes sustained success to 'enduring fundamentals,' specifically prefabrication capabilities, virtual design and construction (VDC) technology, and disciplined labor management.
#construction #Margin #tell #exceptional
