As a high-profile case alleges rape at a fraternity, New York lawmakers face renewed pressure to close the state’s ‘voluntary intoxication’ loophole.

#profile #fraternity #lawmakers

Helfstein estimates META needs 115 million paying Muse subscribers at $20/month to unlock $28 billion in AI revenue, but doubts it happens.
META's Q2 operating margin collapsed from 43% to 31%, while full-year capex guidance soared to a range of $130 billion to $145 billion.
Just released. Our ******* ysts combed the entire stock market and named the ten best stocks to buy right now, and Meta didn't make the cut. Enter your email to see the names that beat METAPLATFORMS. The report is free. Enter your email and see if any of your stocks made the cut.
Jason Helfstein, Oppenheimer's Managing Director and Senior ******* yst covering the Internet sector, laid out a striking scenario in a September 2026 note: Meta Platforms (NASDAQ:META) would need roughly 115 million paying Muse subscribers at a $20/month price point to generate about $27.5 to $28 billion in annual AI agent revenue. His conclusion, however, was skeptical. For long-term investors, the math frames just how high the bar is for Meta stock to earn a consumer-AI premium on top of its advertising engine.
Ticker

#million

(Bloomberg) -- The first junk-bond offering for a data center tied to Meta Platforms Inc. attracted demand more than four times the deal's size, with juicy yields helping to lure investors.
Most Read from Bloomberg
Saudis Give European Oil Buyers No Supplies for Next Month
Zuckerberg Has an AI Empire to Build. Meet the Adviser Who Handles the Details
Fed Raises Rates to Curb Inflation, Drawing Rebuke From Trump

#bloomberg #meta #month

George Kamel argues paying $115,000 into Social Security over a career costs workers roughly $2 million in foregone investment returns at a 10% return.
The 2026 Trustees Report moved Social Security's projected depletion date to 2032, forecasting a 22% benefit cut averaging $500 per month for retirees.
Kamel's comparison ignores that Social Security includes inflation adjustments, disability coverage, and lifetime income that a brokerage account cannot replicate.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Personal finance personality George Kamel recently ran the numbers on Social Security and reached a conclusion designed to grab attention: "all those years of paying into Social Security cost you about $2 million". If you are at or near retirement, that framing is either clarifying or terrifying. The stakes are real. Millions of households will lean on this program for most of their retirement income, and the 2026 Trustees Reports have changed the timeline everyone is working with.

#Social #trustees #million

Sept 17 (Reuters) - JP Morgan said on Thursday that it does not have a clear baseline view for oil markets for the first time since the start of the US-Israeli war on Iran.
"We simply don't ‌know how to model the endgame," ***** ysts at the bank noted.
The note flagged that at the beginning of ‌the conflict, JP Morgan had ***** umed there were some economic thresholds that the U.S. administration would not cross, but six months into the conflict, many of those lines have been crossed with no clear exit strategy in view.
The bank noted that oil prices have climbed above $100 a barrel with gasoline at $4.37 a gallon. It also noted that US diesel prices have hit an all-time high of $6.31 a gallon heading into winter, the period of peak seasonal demand, while inventories sit at all-time lows.
JP Morgan estimated Brent's fair value at around $90 a ‌barrel for September, compared with current prices ⁠near $106, suggesting markets are pricing in the risk of further supply losses beyond the estimated 10 million barrels per day already disrupted.

#noted #markets

On September 15, CareTrust REIT (NYSE:CTRE) announced it had closed on a $400 million skilled nursing portfolio in the Southwest, effective September 1, and unveiled a reloaded $600 million investment pipeline behind it. The deal covers 2,622 licensed beds triple net leased back to the existing operator, sourced off-market and structured through a joint venture that put roughly $380 million of CareTrust's own capital to work. It is the latest entry in a buying spree that has now pushed the company's 2026 investment total past $1.9 billion.
The new portfolio is expected to generate a stabilized yield of about 8.6%, in line with the 8.7% blended yield CareTrust has posted across two dozen deals closed so far in 2026. That consistency matters more than any single transaction. The company has now closed roughly $710 million in investments in the third quarter alone, including a small UK care home purchase in mid-August, on top of the $899.6 million it closed in the second quarter at an 8.9% yield.
Management says the $600 million pipeline of near-term, actionable deals, about half of it aimed at the senior housing operating portfolio, does not even include a set of larger transactions still being pursued, so the deal flow may not be finished. The balance sheet backs up that ambition. CareTrust ended the second quarter, on June 30, 2026, with net debt to annualized normalized EBITDA of just 1.01x, and as of the September announcement it still had $725 million available under its revolver plus $612 million of remaining ATM capacity. That combination let the company raise its full year 2026 guidance on August 6 to normalized FFO of $2.03 to $2.06 per share, an increase of 16.2% at the midpoint over 2025, even before this latest acquisition was on the books.
This growth has come with a real cost to existing shareholders. Diluted weighted average shares outstanding rose from about 192.9 million in the second quarter of 2025 to 234.2 million a year later, as CareTrust leaned on forward equity offerings and its ATM program to fund the buying spree. The company still had $439 million of expected net proceeds sitting in unsettled forward equity contracts as of September 15, meaning more shares are still coming.
The second quarter also carried a $4.7 million provision for loan losses, a line that did not appear in the prior year period and is worth watching as the loan and financing receivable book grows alongside the property portfolio. Interest expense rose to $15.3 million in the quarter from $13.0 million a year earlier, and 2026 guidance leans on rent escalators of just 2.5% a year, a modest built-in growth rate once the acquisition pace eventually slows. The company's own risk disclosures flag reliance on tenants to keep meeting their lease obligations, along with exposure to healthcare reform, staffing requirements, and currency swings tied to its UK operations.

#still

This story was originally published on CFO.com. To receive daily news and insights, subscribe to our free daily CFO.com newsletter.
Is there a disconnect between finance teams and procurement teams? A new survey of 2,005 procurement leaders in the U.S. and the U.K. suggests there is for some companies, and it may ultimately be affecting their bottom lines.
Released Tuesday, the report from California-based contract lifecycle management company Agiloft showed that about one in 10 respondents said they have no shared metrics between chief procurement officers and CFOs. The lack of shared metrics was cited among the biggest obstacles preventing companies from "closing the gap between what procurement negotiates and what finance realizes."
Other barriers cited were lack of contract data visibility, selected by 14% of respondents, along with manual processes that create exceptions that go unseen (23%).
Agiloft's survey included responses gathered from 2,005 chief procurement officers and other procurement leaders Aug. 5-20.

#procurement

Ocean Power Technologies Inc (NYSE-A:OPTT) reported first-quarter fiscal 2027 revenue of $1.7 million, up 44% from a year earlier, as the company expanded its work with US defense and security customers and moved forward with a strategic review process.
Ocean Power Technologies ran three PowerBuoy systems off Southern California for a U.S. Department of Homeland Security maritime domain awareness program, integrated with Anduril's Lattice platform and including a deployment beyond 1,000 meters depth, calling it the company's largest deployment and recurring revenue contract to date.
Ocean Power Technologies also deployed a PowerBuoy system off New Jersey for Rutgers University and delivered a WAM-V unmanned surface vehicle to Stevens Institute of Technology within five weeks of receiving the order.
The company demonstrated autonomous docking, charging and redeployment of a WAM-V, a capability it is working to integrate with the PowerBuoy platform to support longer autonomous missions. It also acquired subsea developmental technology ****** ets from Columbia Power Technologies, extending its capabilities from the ocean surface to the seabed.
Ocean Power Technologies achieved Cybersecurity Maturity Model Certification Level 2 compliance, positioning it to pursue defense programs requiring protection of controlled unclassified information. After the quarter ended, the company was selected as one of six potential awardees under a $40 million multiple-award contract supporting the Naval Oceanographic Office, creating an opportunity to compete for ocean-floor mapping task orders using unmanned surface vehicles.

#ocean #power #technologies #powerbuoy

Based in Midland, Michigan, Dow Inc. (DOW) is a global materials science leader that develops and manufactures chemicals, plastics, coatings, silicones, and other advanced materials used across industries ranging from packaging and construction to automotive, electronics, and consumer products.
Companies valued between $10 billion and $200 billion are typically classified as "large-cap stocks," and DOW, with a market capitalization of $21.4 billion, fits the label perfectly. Its key competitive advantage is its global scale, deep materials-science expertise, and broad portfolio of essential chemicals and advanced materials.
'Not Tens Of Billions, But Tens Of Trillions': Nvidia CEO Jensen Huang Says AI Is Like the New Electricity and the Scale Is Unlike Any Tech in History
What It Means for MSFT Stock Investors as Microsoft Switches to 2 Business Segments
RKLB Stock Jumps as Rocket Lab Debuts New Solar Cell for ******* e

#billion #science

Our ******* ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Management attributed the 7.3% revenue growth to outperforming the broader pet category by 2x to 3x, despite a consumer backdrop that has stabilized but not yet recovered.
Performance was bolstered by triple-digit revenue growth in Chewy Vet Care and triple-digit unit growth in the fresh and frozen portfolio, demonstrating successful diversification beyond core consumables.
Autoship customer sales reached 84.6% of total net sales, which management views as a critical foundation for revenue predictability and durable market share gains.
Profitability expansion was driven by a shift toward high-margin health categories, the scaling of the sponsored ads portfolio, and structural variable cost reductions through automation.

#digit #sales

By Lucia Mutikani
WASHINGTON, Sept 10 (Reuters) - U.S. producer prices increased in August amid higher costs of goods, airline fares and hospital services, boosting the chances of an interest rate hike from the Federal Reserve next week.
The report from the Labor Department on Thursday followed news last week of a sharp acceleration in job growth in August. Airline fares and hospital services ‌are among the components that go into the calculation of the Personal Consumption Expenditures Price Indexes, the inflation measures tracked by the U.S. central bank for its 2% inflation target.
August's Consumer Price ‌Index data on Friday could shed more light on the inflation picture and further shape interest rate expectations for next week.
"This report points to cost increases in the pipeline and will support the case of those on the Committee who want to hike rates now," said Carl Weinberg, chief economist at High Frequency Economics.

#inflation #august #airline #interest

Bloomberg reported on August 25, 2026, that BlackRock, Inc. (NYSE:BLK) cut the minimum size for converting large Bitcoin holdings directly into shares of its iShares Bitcoin Trust ETF to $1 million in July, down from $25 million when the in-kind conversion process first became available. The fund has facilitated more than $5 billion of these conversions, up from more than $3 billion when Bloomberg first reported on the trend in October, according to Robbie Mitchnick, BlackRock's head of digital ******* ets. The process, which can take more than a week, lets holders move Bitcoin from private wallets into a regulated fund structure while retaining price exposure. Mitchnick said "kidnappings, ransom demands, and custody failures" motivate some holders to make the switch. Rival issuer Bitwise has cut its own minimum even further, from $100 million to $3 million, Bloomberg reported.
This is a fast-scaling new source of fee-generating ******* ets for BlackRock, Inc. (NYSE:BLK). The $5 billion processed through IBIT is up from $3 billion just months earlier. It shows accelerating adoption of a service that pulls previously self-custodied Bitcoin wealth directly into BlackRock's ******* et base rather than competing for ******* ets already inside the traditional financial system.
Cutting the minimum by 96% meaningfully widens who can use the service. Dropping the threshold from $25 million to $1 million brings the option within reach of family offices and wealthy individual holders, rather than limiting it to the largest Bitcoin holders. That gives BlackRock access to a substantially larger pool of potential conversions as the practice becomes more common.
IBIT's scale gives it a head start in capturing this migration. The fund already holds roughly 3.645% of Bitcoin's total supply and lists net ******* ets of $60.65 billion. It is scale advantage that likely makes it the default destination for holders deciding where to move their coins, reinforcing BlackRock's position as conversions boost industry-wide.
The process remains manual and slow despite the lower headline minimum. Bitwise chief investment officer Matt Hougan said the conversion process industry-wide is "still bespoke, from introducing a client to a market maker to working with the adviser, but it's becoming more standardized," and Mitchnick himself said conversions can take more than a week. That means BlackRock, Inc. (NYSE:BLK) has not yet turned this into a fully automated, scalable pipeline even as it markets lower minimums to a broader audience.

#blackrock #billion #minimum

On August 5, Vaxcyte (NASDAQ:PCVX) reported second-quarter results that read less like a snapshot of today and more like a countdown to a verdict. The clinical-stage vaccine maker has no product on the market yet, but its three late-stage trials for its lead pneumococcal candidate are now fully enrolled, with the first major readout due before year-end. Add a net loss that nearly doubled and a boardroom that just brought in two vaccine-industry veterans, and you have a company betting its near-term story on data still to come.
Vaxcyte's three Phase 3 studies of VAX-31, its next-generation pneumococcal conjugate vaccine, have dosed 6,191 adults combined, with roughly 3,500 of them receiving the actual candidate. The largest, OPUS-1, put 4,049 participants through head-to-head comparisons against Prevnar 20 and Capvaxive, the two shots VAX-31 needs to beat to earn a spot in the standard vaccination schedule. Data on safety, tolerability, and immune response from that trial are due in the fourth quarter of 2026, with results from OPUS-2 and OPUS-3 following in the first half of 2027.
A separate Phase 2 study testing VAX-31 in infants, covering both the primary immunization series and a booster dose, is on a similar timeline. In June, Vaxcyte also dosed the first participants in a Phase 1 study of VAX-A1, aimed at preventing disease from Group A Streptococcus, with topline data expected in the second half of 2027. As of June 30, cash and investments stood at $2.5 billion, up from $2.44 billion at the end of 2025, and the board added Dr. Moncef Slaoui, previously chief scientific advisor to Operation Warp Speed and a three-decade GSK veteran, alongside Dr. John Markels, the former president of Merck's global vaccines business.
None of that pipeline progress comes cheap. Vaxcyte's net loss for the quarter ended June 30 was $284.3 million, up from $166.6 million in the same period a year earlier, and the increase shows up on both sides of the ledger. R&D spending rose to $267.9 million from $194.2 million, driven by manufacturing work to prepare for a possible launch and by the cost of running three simultaneous Phase 3 trials at once. G&A expenses climbed too, to $34.9 million from $32 million, largely from adding headcount.
Because Vaxcyte has no approved product generating sales, every one of those dollars comes straight off the balance sheet. The calendar adds pressure of its own: even a clean OPUS-1 readout in the fourth quarter of 2026 still leaves the OPUS-2 and OPUS-3 results, plus a required manufacturing consistency study, sitting in the first half of 2027, pushing any license application and launch well beyond that. The newer VAX-A1 program is earlier still, with its second stage contingent on a safety board signing off on the first.

#opus #data

A dispute over allegations of defective work that resulted in trailers catching fire now is threatening to drag in the manufacturers of some of those components that may be at the root of the incidents.
The case of Indiana-based Summitt Leasing and Summitt Trucking vs. Fruehauf was first filed in the U.S. District Court for the Western district of Kentucky at the end of last year, with an amended complaint filed soon after. Summitt is a carrier as well as a supplier of leased trailers.
Long cast of characters
Last week, Fruehauf, a manufacturer of trailers, moved to bring in as defendants SAF-Holland Inc., Bendix Commercial Vehicle Systems LLC and Hoosier Trailer Acquisition Corp. Two of those companies, SAF-Holland and Bendix, manufactured components in the trailers that van leasing company Summitt says failed in several different ways, which may have led to the fires.
Hoosier is a trailer dealer that supplied the Fruehauf-manufactured trailer to Pace Transportation Services, which then moved the trailers to Summitt. Pace already was a defendant in the original case along with Fruehauf.

#fruehauf #trailer

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Figuring out when you can afford to retire often comes down to determining whether your ***** ets will produce enough annual income to support your lifestyle and spending needs.
With $500,000 in a Roth IRA and $2,000 in combined monthly Social Security and pension payments, you may be able to afford to retire at age 62. However, that will mean living on approximately $44,000 per year. Some retirees may be satisfied with this level of income, but it may not support you adequately if you plan to do a lot of traveling or live in a high-cost area.
Before making the decision to stop working at 62, you'll also need to develop a plan for paying for health insurance since you won't be eligible for Medicare until age 65.
If you need help deciding when to retire, connect with a financial advisor and have them build you an income plan based on your unique financial situation.

#retire #plan #need #smartasset

Companies in the private sector added 38,000 jobs in August, payroll processing firm ADP said in its latest report on Wednesday.
The figure is below economists' estimates of a gain of 48,000 jobs and down from the prior month's revised 46,000 payrolls. August's figure is the lowest since January.
"Pay can tell us a lot about today's choppy hiring," said Nela Richardson, ADP's chief economist. "To understand hiring patterns, you have to look deeply into where pay growth is accelerating, where it's slowing, and for whom. Once-predictable wage growth has been overtaken by the complexities of demographic change, persistent inflation, and AI's effects on jobs."
The Colleges That Give Graduates The Strongest Career Edge, According To Linkedin
Education and health services added 45,000 positions, leading job creation in August. Leisure and hospitality added 16,000, and financial activities and other services each gained 6,000.

#added #Growth #Services #january

IBD Composite Rating
Industry Group Ranking
Emerging Pattern

#industry

Riverwater Partners, an investment management company, released its 'Small Cap Strategy' Q2 2026 investor letter. The letter can be downloaded here. The Small Cap Strategy underperformed the Russell 2000 in the second quarter as the benchmark experienced one of its strongest risk-on rallies in recent memory, although the strategy remained ahead year-to-date. The quarter was defined by accelerating AI investment, energy market disruptions, and renewed investor appetite for higher-beta stocks, creating headwinds for the firm's quality-focused approach and healthcare positioning. Despite this, stock selection contributed positively in energy, materials, and financials, while healthcare and consumer discretionary detracted due to the fund's disciplined avoidance of speculative businesses. Looking ahead, the firm remains cautiously optimistic, focusing on opportunities created by market dislocations, including AI infrastructure enablers, select consumer companies, healthcare innovators, and energy businesses trading below intrinsic value. The strategy continues to emphasize high-quality companies with strong management teams and attractive valuations, positioning the portfolio for a potential rotation away from speculative market leadership. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Riverwater Partners Small Cap Strategy highlighted Oceaneering International, Inc. (NYSE:OII). Oceaneering International, Inc. (NYSE:OII), a subsea engineering and offshore services company that serves the offshore energy, defense, aerospace, and manufacturing industries, was added to the portfolio in the quarter. On August 31, 2026, Oceaneering International, Inc. (NYSE:OII) closed at $51.76 per share. The one-month return of Oceaneering International, Inc. (NYSE:OII) was 2.64% and its shares gained 112.92% over the past 52 weeks. Oceaneering International, Inc. (NYSE:OII) has a market capitalization of $5.15 billion.
Riverwater Partners Small Cap Strategy stated the following regarding Oceaneering International, Inc. (NYSE:OII) in its Q2 2026 investor letter:
"Within energy, we repositioned toward services. We initiated Oceaneering International (OII), a leader in subsea robotics and offshore services, as offshore and subsea capital spending emerges from a seven-year drought and the U.S. rig count climbs; the position was funded in part by our exit of natural gas producer CNX Resources (CNX)."

#small #riverwater #investor #letter

Sullivan named CVX and XOM among prospective participants in a 25-year Venezuelan lease deal, but warned real production is years away.
Venezuela's output collapsed from 3.2 to 1.2 million barrels per day since 1997, leaving 65 billion barrels stranded without capital or expertise.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Exxon Mobil didn't make the cut. Grab the names FREE today.
CNBC's Brian Sullivan walked viewers through the announced U.S.-Venezuela oil arrangement Monday, delivering a simple message for investors: the headline reserve number is enormous, and the timeline to real production might not be as long as some would expect.
"Venezuela, 65 billion barrels proven reserves on the part of this deal. Venezuela obviously has more. The U.S. under this would control 55% of that," Sullivan said, framing a reported 25-year lease structure valued at $100 billion-plus in investment by U.S. energy companies.

#billion #lease

The euro has been trying to recover early on Monday, but in a very lackluster fashion. I think at this point, traders are out there trying to sort out what the Friday speech actually means for forex markets when Kevin Warsh basically eliminated the idea of Federal Reserve rate cuts that many traders had been trying to price in.
As usual, the market got way ahead of itself with that. We've been seeing this for a couple of years now where the market gets excited about potential rate cuts coming out of the United States for a couple of weeks, and then reality sets in. And I think that's part of what's going on here.
So, I'm watching the euro to sell it, not to buy it. Somewhere around the 1.1620 level, if we start to see signs of exhaustion, that would be about a 50% retracement of the move from Friday; I might look for getting short there.
The British pound, I think, is probably going to be somewhat range-bound, mainly because the British pound, of course, has a higher interest rate attached to it. So, it is a little insulated from US dollar strength, and I think most of the reaction was more about the US dollar than anything else.
I wouldn't read too much into British pound weakness, because at this point in time, even if I want to buy the US dollar, I am going to short other currencies, weaker currencies.

#british

Logistics rivals FedEx Corporation (NYSE:FDX) and United Parcel Service, Inc. (NYSE:UPS) shared the spotlight on August 20, when the U.S. Transportation Command awarded both giants modified defense contracts worth an estimated $2.72 billion each under the Next Generation Delivery Service-2 program. Securing multi-year government cash flows through September 2030 provides a steady baseline for both carriers. However, underneath this shared win lies a stark divergence in operational performance and investor sentiment.
Comparing FedEx's fiscal Q4 2026 with UPS's Q2 2026 highlights two distinct corporate turnarounds.
FedEx Corporation (NYSE:FDX) capped off its fiscal year with strong momentum. Q4 revenue surged 13% year-over-year to $25.0 billion, while adjusted EPS rose to $6.31, and management surpassed its $1 billion structural cost-savings target via its DRIVE program. With the spin-off of its Freight unit completed in June 2026, a leaner FedEx issued a confident calendar year 2026 outlook, projecting ~11% top-line growth and adjusted EPS of $16.90 to $18.10.
United Parcel Service, Inc. (NYSE:UPS) showed its own signs of life in Q2 2026 following a sluggish start to the year. Consolidated revenue increased 7.6% year-over-year to $22.8 billion, beating Wall Street expectations. Adjusted EPS came in at $1.76 against GAAP EPS of $0.71 (impacted by $891 million in transformation and driver severance costs). Adjusted operating margins expanded 40 basis points to 9.2%, led by a 21% operating profit jump in the U.S. Domestic package. The turn was strong enough for UPS to raise its full-year guidance, now projecting revenue of ~$91.2 billion and adjusted EPS of ~$7.22.
While both companies beat quarterly expectations and raised forecasts, FDX is currently outperforming on growth speed and structural network integration (Network 2.0), whereas UPS carries higher margin leverage but faces heavier transformation friction.

#year #corporation

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.
Achieved record adjusted EBITDA margins of 48% by leveraging technology and AI to reduce human-handled service calls by 25% year-over-year.
Delivered record Q2 new HSA sales growth of 24%, demonstrating that healthcare affordability challenges are driving enterprise adoption of high-deductible plans despite macro labor market fluctuations.
Transitioned the platform toward a 'healthcare financial operating system' by integrating accounts, ***** ets, and marketplace capabilities into a single mobile-first experience.
Observed that HSA members who engage with the Marketplace are more likely to begin contributing to their accounts, creating a flywheel for long-term ***** et growth.

#tell #achieved

On August 21, 2026, Reuters reported that JPMorgan Chase & Co. (NYSE:JPM) is hiring veteran dealmaker David Fishman away from Bank of America Corporation (NYSE:BAC) to lead North America technology mergers and acquisitions, according to an internal memo.
Fishman, who spent nearly 16 years at Bank of America and most recently co-headed its technology, media, and telecommunications banking group, resigned. JPMorgan is also elevating Vineet Seth, its current North America tech M&A head, to vice chair of investment banking, with both bankers joining a new Technology M&A Leadership and Advisory Council. The move follows other recent senior departures from Bank of America, including Mike Joo to Barclays and Amy Lissauer, who is also joining JPMorgan.
JPMorgan Chase & Co. (NYSE:JPM) is deliberately consolidating senior technology banking talent rather than simply filling a vacancy. Creating a dedicated Technology M&A Leadership and Advisory Council around both Fishman and Seth signals the bank wants concentrated expertise serving its largest technology clients. It's exactly the kind of strong relationship that wins big contracts in a sector that pays huge fees.
Landing a banker with Fishman's specific relationships adds value beyond his **** le. Senior dealmakers carry the client relationships that determine who gets the first call when a board weighs a merger. After almost 16 years running technology, media, and telecom deals at Bank of America Corporation (NYSE:BAC), Fishman brings a book of relationships JPMorgan did not have to build organically.
The hire fits a broader pattern of JPMorgan pulling senior talent from Bank of America. With Amy Lissauer also joining JPMorgan later this year, JPMorgan is compounding its technology and shareholder-defense banking bench at the same time, a coordinated buildout rather than an isolated hire.

#technology #bank

Asset manager BlackRock (NYSE: $BLK) sees continued strength in Bitcoin (CRYPTO: $BTC) now that its price has broken out of its previous trading range.
Robbie Mitchnick, BlackRock's head of digital ***** ets, sees a bullish macroeconomic outlook for Bitcoin along with growing conviction among investors.
BlackRock runs the largest spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (NASDAQ: $IBIT).
More From Cryptoprowl:
MEXC TradFi Gala Concludes With Over 170,000 Registrations and $4.3 Billion in Daily Trading Volume

#asset #NYSE #trust

Bouncing back from the 3.3% slide it experienced from the end of trading on Friday through the close of yesterday's market session, Marvell Technology (NASDAQ: MRVL) stock is rising today. With two firms boosting their price targets, investors are clearly motivated to load up on shares of the artificial intelligence (AI) infrastructure company.
As of 11:54 a.m. ET, shares of Marvell are up 5.7%.
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 »
Maintaining a buy rating, Sajal Dogra, an ******* yst at Rosenblatt, hiked the price target on Marvell to $300 from $240. According to Thefly.com, Rosenblatt believes the company will report "another beat-and-raise" quarter when it announces second-quarter 2027 financial results on Thursday.
The second price target hike comes from Susquehanna, which raised its target to $265 from $230 while maintaining a positive rating on the stock. Thefly.com reported that Susquehanna also expects Marvell to upwardly revise its fiscal 2027 target for Inphi, believing Inphi's momentum will be sustained by continued growth in AI networking.

#susquehanna

This story was originally published on CRE Daily. Join 70,000+ commercial real estate professionals getting daily news, market insights, and industry **** ysis delivered straight to their inbox with the free CRE Daily newsletter.
LA County commercial property sales reached $2.1B across roughly 7.25M SF in July, a 28.5% jump in dollar volume from July 2025.
Multifamily accounted for $1.22B, or 58% of the month's total, with average pricing up 28.7% to $376 PSF.
Office was the only major property type to fall in both dollar volume and square footage, with pricing down 23.5% to $250 PSF.
According to the Commercial Observer, commercial real estate investment sales accelerated across Los Angeles County in July. Roughly 7.25M SF of commercial property traded for $2.1B, NAI Capital reported Thursday, citing CoStar data. Multifamily accounted for the majority of capital deployed.

#commercial #multifamily #roughly #real

TG Therapeutics (TGTX) shares soared on Aug 21 as speculation emerged that the biotech firm could be the target of a potential takeover. Investors cheered TGTX following an "uncooked" alert from Betaville, suggesting a U.S. biopharma company with a market cap between $20 billion and $40 billion may be interested in acquiring TG Therapeutics.
Following the meteoric rally on Friday, TG Therapeutics stock is up about 85% versus the start of this year.
Microsoft vs. Broadcom: One Has 85% Upside, But I'm Picking the Other
Google Lost About $186 Billion After 4 of Its Top AI Researchers Left, but Sundar Pichai Says Google Will Be 'A Founding Investor' Anyway
Rocket Lab and AST ******* eMobile Are Priced for the Big Bang. One ******* e Stock Already Delivered.

#billion #investors #betaville #Friday

Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors.
Family offices are big on DIY.
Just over 92% of family offices newly identified by FINTRX in the second quarter said they were most interested in direct investments. By comparison, just 10% said they were focused on hedge funds, versus nearly 40% of the broader FINTRX database mapping private wealth. The numbers suggest that newly established or identified family offices are showing a particularly strong appetite for investing directly in companies and other **** ets, rather than relying primarily on external fund managers.
"They're working with families that made their own wealth from founding a business or from sports or movies," said Patrick Galvin, FINTRX research **** ociate and author of the report. "Because they made their own wealth, they trend toward the direct investment **** e."
Sign up for The Daily Upside at no cost for premium **** ysis on all your favorite stocks.

#newly

MUMBAI, Aug 19 (Reuters) - India's rate panel left the door open to future rate hikes earlier this month, watching for evidence that supply-sparked ‌inflation may be seeping into the broader economy which could merit higher ‌borrowing costs, minutes of the committee's meeting released on Wednesday showed.
A sharp rise in oil prices brought on by the Iran war has stoked inflation worries, prompting markets to wager on rate hikes, while also exerting pressure on the Indian rupee.
The panel had voted unanimously to keep the policy repo rate (INREPO=ECI) unchanged at 5.25% on August 5, while retaining ‌its monetary policy stance at "neutral".
India's ⁠headline consumer inflation remained well within the central bank's 2-6% tolerance band at 4.45% in July. The Reserve Bank of India has ⁠a 4% medium term target.
While there are limited signs of inflation becoming generalized so far, headline inflation does appear to be normalizing "from its benign levels seen hitherto," RBI Chief Sanjay Malhotra said in the minutes.

#inflation