25 days ago
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A $2.5 million settlement for a data breach that compromised consumer information on Fidelity Investments' website is just days away from a claim deadline.
Those affected by the August 2024 incident have until July 27, 2026, to submit a claim for payment of up to $5,000.
Here is what happened, who is eligible for a settlement check, and the fastest way to file a claim before the deadline.
Read more: What is identity theft, and how can you prevent it?
#claim #advertiser #july
A $2.5 million settlement for a data breach that compromised consumer information on Fidelity Investments' website is just days away from a claim deadline.
Those affected by the August 2024 incident have until July 27, 2026, to submit a claim for payment of up to $5,000.
Here is what happened, who is eligible for a settlement check, and the fastest way to file a claim before the deadline.
Read more: What is identity theft, and how can you prevent it?
#claim #advertiser #july
1 month ago
Circle Internet Group, Inc. (NYSE:CRCL), issuer of the dollar-backed USDC stablecoin, announced on September 8 an agreement to acquire Singapore-based Tazapay, which serves payment providers and financial institutions.
Circle Internet Group, Inc. (NYSE:CRCL) agreed to pay approximately $400 million in Class A common stock, subject to adjustments for debt, cash, and transaction expenses. Separately, the agreement provides for $25 million of post-closing employee restricted stock unit awards.
As of July 31, 2026, Tazapay had more than $25 billion of annualized payment volume, over 60 banking and fintech partners, and payout capabilities across more than 100 markets. Approximately 60% of transaction volume involves stablecoins; USDC's share was not specified. Payment volume represents funds processed, not revenue.
Closing is expected in 2027, subject to customary conditions and regulatory approvals, including approval from the Monetary Authority of Singapore.
Tazapay would strengthen the connections between digital dollars and local bank payments. Within the Circle Payments Network, originating institutions can convert funds into stablecoins for settlement, while receiving institutions convert them into local currency and pay recipients. Merchants can benefit without requiring every customer or supplier to hold tokens.
#tazapay
Circle Internet Group, Inc. (NYSE:CRCL) agreed to pay approximately $400 million in Class A common stock, subject to adjustments for debt, cash, and transaction expenses. Separately, the agreement provides for $25 million of post-closing employee restricted stock unit awards.
As of July 31, 2026, Tazapay had more than $25 billion of annualized payment volume, over 60 banking and fintech partners, and payout capabilities across more than 100 markets. Approximately 60% of transaction volume involves stablecoins; USDC's share was not specified. Payment volume represents funds processed, not revenue.
Closing is expected in 2027, subject to customary conditions and regulatory approvals, including approval from the Monetary Authority of Singapore.
Tazapay would strengthen the connections between digital dollars and local bank payments. Within the Circle Payments Network, originating institutions can convert funds into stablecoins for settlement, while receiving institutions convert them into local currency and pay recipients. Merchants can benefit without requiring every customer or supplier to hold tokens.
#tazapay
2 months ago
During the September 1 episode of Mad Money, a caller inquired whether Marvell Technology, Inc. (NASDAQ:MRVL) is a buy. In response, Jim Cramer commented:
Okay, this is another one that proves my point. Marvell reported an amazing quarter. What they then said was, "Look, listen, maybe our big win won't be till 2029… It's going to be pushed back." They have an October meeting, beginning of October, their ****** yst meeting. That's going to tell us what's going to happen. I don't feel comfortable until I see what they say before I say just pull the trigger.
Marvell Technology, Inc. (NASDAQ:MRVL) has quietly become a powerhouse in the infrastructure driving the AI boom, specializing in custom chips and ultra-fast optical connections. Through massive partnerships, including custom silicon work with Google, the company has positioned itself right at the center of the AI buildout. Its data center revenue keeps shattering records because tech giants desperately need its networking gear to keep expensive GPUs from getting bottlenecked. For bulls, these multi-year deals mean steady, dependable growth that can ride out the usual semiconductor boom-and-bust cycles.
Even with great numbers, Wall Street has zero patience for tech stocks when timelines get pushed out. With Marvell Technology, Inc. (NASDAQ:MRVL) trading at a steep 50.25x forward multiple, there is no room for slip-ups if margins or execution wobble. As Cramer pointed out, management indicated that the big financial payoff from Google partnership might not arrive until 2029 which complicates things for investors expecting quick returns. Anyone counting on quick gains could face a reality check if customer spending slows down or unexpected hurdles pop up.
Wall Street's smart money is paying close attention to Marvell Technology, Inc. (NASDAQ:MRVL) as a practical way to back the AI infrastructure buildout. According to Insider Monkey's database tracking over 1,000 elite hedge funds, 96 hedge funds held positions in the company during the second quarter, up from 79 in the previous quarter, showing clear institutional backing. It is worth noting that the D E Shaw increased its position in Q2 by 658%, as per Insider Monkey. At the same time, short interest sits at just 3.79% of the float, indicating limited skepticism against the stock.
#NASDAQ #cramer #wall
Okay, this is another one that proves my point. Marvell reported an amazing quarter. What they then said was, "Look, listen, maybe our big win won't be till 2029… It's going to be pushed back." They have an October meeting, beginning of October, their ****** yst meeting. That's going to tell us what's going to happen. I don't feel comfortable until I see what they say before I say just pull the trigger.
Marvell Technology, Inc. (NASDAQ:MRVL) has quietly become a powerhouse in the infrastructure driving the AI boom, specializing in custom chips and ultra-fast optical connections. Through massive partnerships, including custom silicon work with Google, the company has positioned itself right at the center of the AI buildout. Its data center revenue keeps shattering records because tech giants desperately need its networking gear to keep expensive GPUs from getting bottlenecked. For bulls, these multi-year deals mean steady, dependable growth that can ride out the usual semiconductor boom-and-bust cycles.
Even with great numbers, Wall Street has zero patience for tech stocks when timelines get pushed out. With Marvell Technology, Inc. (NASDAQ:MRVL) trading at a steep 50.25x forward multiple, there is no room for slip-ups if margins or execution wobble. As Cramer pointed out, management indicated that the big financial payoff from Google partnership might not arrive until 2029 which complicates things for investors expecting quick returns. Anyone counting on quick gains could face a reality check if customer spending slows down or unexpected hurdles pop up.
Wall Street's smart money is paying close attention to Marvell Technology, Inc. (NASDAQ:MRVL) as a practical way to back the AI infrastructure buildout. According to Insider Monkey's database tracking over 1,000 elite hedge funds, 96 hedge funds held positions in the company during the second quarter, up from 79 in the previous quarter, showing clear institutional backing. It is worth noting that the D E Shaw increased its position in Q2 by 658%, as per Insider Monkey. At the same time, short interest sits at just 3.79% of the float, indicating limited skepticism against the stock.
#NASDAQ #cramer #wall
2 months ago
(Table below reflects daily flows on September 1, 2026 and ******* et totals as of that date.)
ETF Brand League Table
Welcome to the etf.com league table. On this page, you'll find the U.S. ETF market through different lenses: brand and issuer. What's the difference? The brand is what the ETF says on the tin. For example, "iShares" is the brand of issuer "BlackRock's" ETFs. Because many issuers license their ETF infrastructure to third parties, we present the data in both ways. The identification of the correct brand and legal issuer is done by our key data provider, FactSet.
Brand
AUM ($, mm)
#below
ETF Brand League Table
Welcome to the etf.com league table. On this page, you'll find the U.S. ETF market through different lenses: brand and issuer. What's the difference? The brand is what the ETF says on the tin. For example, "iShares" is the brand of issuer "BlackRock's" ETFs. Because many issuers license their ETF infrastructure to third parties, we present the data in both ways. The identification of the correct brand and legal issuer is done by our key data provider, FactSet.
Brand
AUM ($, mm)
#below
2 months ago
Nvidia (NVDA) reports its second quarter earnings after the bell today.
Nvidia stock snapped its 7-day losing streak on Tuesday, closing up about 2.19% percent. The sell-off marked the stock's longest losing streak since 2022.
Nvidia's report comes as chip stocks more broadly struggle to hang on to gains over the past month following July's steep declines over fresh fears about whether companies will see returns on their vast AI investments.
Microsoft (MSFT), Amazon (AMZN), and Google (GOOG, GOOGL) helped allay at least some of those fears, thanks to strong growth numbers in their respective cloud businesses, though Google, along with Meta (META), spooked investors on increased spending.
Nvidia stock edged higher by 0.2% before the bell on Wednesday.
#NVIDIA #meta #losing
Nvidia stock snapped its 7-day losing streak on Tuesday, closing up about 2.19% percent. The sell-off marked the stock's longest losing streak since 2022.
Nvidia's report comes as chip stocks more broadly struggle to hang on to gains over the past month following July's steep declines over fresh fears about whether companies will see returns on their vast AI investments.
Microsoft (MSFT), Amazon (AMZN), and Google (GOOG, GOOGL) helped allay at least some of those fears, thanks to strong growth numbers in their respective cloud businesses, though Google, along with Meta (META), spooked investors on increased spending.
Nvidia stock edged higher by 0.2% before the bell on Wednesday.
#NVIDIA #meta #losing
2 months ago
J.P. Morgan's Jason Hunter warns of autumn S&P 500 weakness, citing AI stock divergence that mirrors the 1999 to 2000 tech crash alongside rising Treasury yields.
BMY yields nearly 4% with JPMorgan's recently raised $73 target, while GEV carries a $1,330 target as the firm's top electrification conviction pick.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Walmart didn't make the cut. Grab the names FREE today.
Each year, September rolls around, and it tends to be the worst month for stocks. Historical data show that September is the worst-performing month for the stock market. Since 1928, the S&P 500 has averaged a negative return of about 0.7% to 1% in September, making it the weakest month of the year. Institutional investors and large funds often sell off stocks near the end of the third quarter to lock in gains or adjust ****** et allocations. Some fund managers take advantage of improved liquidity after the summer months to tax-harvest portfolios by selling losers. In addition, traders return from vacations to reevaluate portfolios and often move to more defensive risk-off strategies.
The technical team at J.P. Morgan sees a storm brewing and published reports had this to say:
#often
BMY yields nearly 4% with JPMorgan's recently raised $73 target, while GEV carries a $1,330 target as the firm's top electrification conviction pick.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Walmart didn't make the cut. Grab the names FREE today.
Each year, September rolls around, and it tends to be the worst month for stocks. Historical data show that September is the worst-performing month for the stock market. Since 1928, the S&P 500 has averaged a negative return of about 0.7% to 1% in September, making it the weakest month of the year. Institutional investors and large funds often sell off stocks near the end of the third quarter to lock in gains or adjust ****** et allocations. Some fund managers take advantage of improved liquidity after the summer months to tax-harvest portfolios by selling losers. In addition, traders return from vacations to reevaluate portfolios and often move to more defensive risk-off strategies.
The technical team at J.P. Morgan sees a storm brewing and published reports had this to say:
#often
2 months ago
Comcast has attached a new service to its Xfinity internet plans as it faces mounting customer losses.
The company revealed in its most recent earnings report that it lost 167,000 U.S. broadband customers in the second quarter of this year. Also, its revenue in this segment dropped by 5.5% year over year.
The exodus of customers follows last year's Xfinity price increases. It also comes as Comcast faces heightened broadband competition from T-Mobile, AT&T and Verizon, which have been attracting customers through fiber and fixed wireless internet services. ******* eX's Starlink satellite internet service is also becoming a threat, with over 9 million customers.
"Fiber continues to expand, fixed wireless remains aggressive, satellite is emerging as another alternative and convergence-based promotional activity remains elevated across the industry," said Comcast Chief Financial Officer Jason Armstrong on an earnings call in July. "We are operating under the ******* umption that the market will remain intensely competitive."
To help attract and retain internet customers, Comcast has launched its new Xfinity Shield platform, which offers two new tiers of advanced cybersecurity and home self-monitoring protection that can be added to internet plans, according to a recent press release.
#recent
The company revealed in its most recent earnings report that it lost 167,000 U.S. broadband customers in the second quarter of this year. Also, its revenue in this segment dropped by 5.5% year over year.
The exodus of customers follows last year's Xfinity price increases. It also comes as Comcast faces heightened broadband competition from T-Mobile, AT&T and Verizon, which have been attracting customers through fiber and fixed wireless internet services. ******* eX's Starlink satellite internet service is also becoming a threat, with over 9 million customers.
"Fiber continues to expand, fixed wireless remains aggressive, satellite is emerging as another alternative and convergence-based promotional activity remains elevated across the industry," said Comcast Chief Financial Officer Jason Armstrong on an earnings call in July. "We are operating under the ******* umption that the market will remain intensely competitive."
To help attract and retain internet customers, Comcast has launched its new Xfinity Shield platform, which offers two new tiers of advanced cybersecurity and home self-monitoring protection that can be added to internet plans, according to a recent press release.
#recent
2 months ago
AI is making memory stocks soar. Jim Cramer of Mad Money says you should buy high.
"I say that you have to free yourself of these constraints and understand that sometimes, it really is different," said Cramer on a recent Mad Money segment. "Sometimes, the opportunity is too great, and you can't afford not to take it."
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#money #making #dave
"I say that you have to free yourself of these constraints and understand that sometimes, it really is different," said Cramer on a recent Mad Money segment. "Sometimes, the opportunity is too great, and you can't afford not to take it."
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#money #making #dave
3 months ago
This story was originally published on Utility Dive. To receive daily news and insights, subscribe to our free daily Utility Dive newsletter.
The Federal Energy Regulatory Commission on Thursday approved power plant deals for gas-fired generation in New York and Colorado.
In the larger deal, PowerTransitions, an independent power producer, has agreed to buy the 1,242-MW, gas- and oil-fired Roseton power plant in Newburgh, New York, from a Castleton Commodities International subsidiary, according to FERC's decision. Partners Group Holding, a private equity firm based in Switzerland, owns PowerTransitions.
Reflecting its business strategy, PowerTransitions aims to use the Roseton power plant as part of an "energy campus" it intends to develop to serve data centers and other energy intensive industries.
"Its scale and existing grid infrastructure make it an ideal candidate for co-location development into a robust energy campus, including new energy storage systems," PowerTransitions said when it announced the deal last month.
#powertransitions #plant
The Federal Energy Regulatory Commission on Thursday approved power plant deals for gas-fired generation in New York and Colorado.
In the larger deal, PowerTransitions, an independent power producer, has agreed to buy the 1,242-MW, gas- and oil-fired Roseton power plant in Newburgh, New York, from a Castleton Commodities International subsidiary, according to FERC's decision. Partners Group Holding, a private equity firm based in Switzerland, owns PowerTransitions.
Reflecting its business strategy, PowerTransitions aims to use the Roseton power plant as part of an "energy campus" it intends to develop to serve data centers and other energy intensive industries.
"Its scale and existing grid infrastructure make it an ideal candidate for co-location development into a robust energy campus, including new energy storage systems," PowerTransitions said when it announced the deal last month.
#powertransitions #plant
3 months ago
The data, released in a report from the National Retail Federation (NRF) and Hackett ****** ociates, indicates that major US ports handled 2.23 million twenty-foot equivalent units (TEU) in June, reflecting a 13.2% year-on-year increase as importers moved cargo ahead of newly imposed tariffs and in response to international supply chain uncertainties.
However, this figure represents a modest decline of 0.7% from May, which appears to have marked the year's busiest month with 2.24 million TEU processed.
According to the forecast, July import volumes are projected at 2.21 million TEU, a 7.6% decrease from the same month last year.
For August, the report anticipates a further dip to 2.22 million TEU, down 4.2% year-on-year.
Despite these projected decreases, Global Port Tracker expects US ports to maintain higher import levels than in 2025 for the remainder of the year, although volumes are projected to steadily taper off.
#year #million #projected #volumes
However, this figure represents a modest decline of 0.7% from May, which appears to have marked the year's busiest month with 2.24 million TEU processed.
According to the forecast, July import volumes are projected at 2.21 million TEU, a 7.6% decrease from the same month last year.
For August, the report anticipates a further dip to 2.22 million TEU, down 4.2% year-on-year.
Despite these projected decreases, Global Port Tracker expects US ports to maintain higher import levels than in 2025 for the remainder of the year, although volumes are projected to steadily taper off.
#year #million #projected #volumes
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.
Performance was driven by a robust cost pass-through model that successfully mitigated energy cost inflation and unusually wet weather in May.
The company's culture of a 'family of companies' serves as a competitive advantage, positioning it as the acquirer of choice for generational transitions in the industry.
Strategic positioning in the Sunbelt is capturing significant tailwinds from AI data center construction, with 70% to 75% of new national projects expected in CPI's existing states.
Growth is balanced between an 8.9% organic increase and a 19.3% acquisitive contribution, reflecting disciplined execution across 115 local markets.
#positioning
Performance was driven by a robust cost pass-through model that successfully mitigated energy cost inflation and unusually wet weather in May.
The company's culture of a 'family of companies' serves as a competitive advantage, positioning it as the acquirer of choice for generational transitions in the industry.
Strategic positioning in the Sunbelt is capturing significant tailwinds from AI data center construction, with 70% to 75% of new national projects expected in CPI's existing states.
Growth is balanced between an 8.9% organic increase and a 19.3% acquisitive contribution, reflecting disciplined execution across 115 local markets.
#positioning
3 months ago
Nebius Group N.V. (NBIS) has quickly established itself as one of Wall Street's hottest artificial intelligence (AI) infrastructure plays. Riding the wave of surging enterprise AI spending, the AI cloud company has delivered triple-digit gains over the past year, fueled by explosive revenue growth, multibillion-dollar AI infrastructure deals, and soaring demand for its GPU-powered cloud platform. And now, the stock is back in focus. Piper Sandler recently initiated coverage on Nebius, just as investors gear up for a key catalyst on August 5.
The company is expected to provide an update on its Vineland AI data center, a flagship project that sits at the heart of its ambitious AI cloud expansion plans. The Vineland facility is designed to meet the rapidly accelerating demand for AI training and inference workloads. Investors will be closely watching for updates on construction progress, capacity, customer commitments, and the commercialization timeline, as the project's successful execution could significantly strengthen Nebius' long-term growth story.
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
#nebius #cloud #year
The company is expected to provide an update on its Vineland AI data center, a flagship project that sits at the heart of its ambitious AI cloud expansion plans. The Vineland facility is designed to meet the rapidly accelerating demand for AI training and inference workloads. Investors will be closely watching for updates on construction progress, capacity, customer commitments, and the commercialization timeline, as the project's successful execution could significantly strengthen Nebius' long-term growth story.
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
#nebius #cloud #year
3 months ago
Fiserv's Debit Network Talks Raise a Bigger Question for Visa and Mastercard
Fiserv (NASDAQ:FISV) reported second-quarter results that were in line with its guidance, while lowering its full-year revenue and margin outlook as Argentina-related pressures, delayed client implementations, hardware sales trends and additional technology spending weigh on its second-half expectations.
Chief Executive Officer Takis Georgakopoulos, who recently ****** umed the role, said the company generated more than $1 billion in free cash flow during the quarter and continued to see growth in its Clover payments platform. Clover gross payment volume rose 9%, while Clover revenue increased 13% after adjusting for anticipation and non-recurring revenue, according to the company.
→ ****** eX's First Earnings Report Could Decide Whether Shorts or Bulls Have Control
3 Tech ETFs That Could Bounce Back After the AI Selloff
#revenue #quarter #debit #bigger
Fiserv (NASDAQ:FISV) reported second-quarter results that were in line with its guidance, while lowering its full-year revenue and margin outlook as Argentina-related pressures, delayed client implementations, hardware sales trends and additional technology spending weigh on its second-half expectations.
Chief Executive Officer Takis Georgakopoulos, who recently ****** umed the role, said the company generated more than $1 billion in free cash flow during the quarter and continued to see growth in its Clover payments platform. Clover gross payment volume rose 9%, while Clover revenue increased 13% after adjusting for anticipation and non-recurring revenue, according to the company.
→ ****** eX's First Earnings Report Could Decide Whether Shorts or Bulls Have Control
3 Tech ETFs That Could Bounce Back After the AI Selloff
#revenue #quarter #debit #bigger
3 months ago
A Wall Street Journal report claiming that Elon Musk-led Tesla (TSLA) might shut or sell its operations in China has raised alarms among the ***** yst community. Although Tesla has refuted the possibility of such a development, Tom Narayan of RBC Capital Markets has opined that it would be a bad move for Tesla.
Narayan said, "Were Tesla forced to sell its China business, it would likely not receive fair value for it. A sale would generate only a fraction of that value since humanoids and robotaxi upside would be lost—a likely buyer such as BYD or SAIC would probably only want the automotive business and perhaps FSD."
General Motors vs. Ford: 1 Auto Giant Is Winning the EV Race
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#narayan #sell #likely #street
Narayan said, "Were Tesla forced to sell its China business, it would likely not receive fair value for it. A sale would generate only a fraction of that value since humanoids and robotaxi upside would be lost—a likely buyer such as BYD or SAIC would probably only want the automotive business and perhaps FSD."
General Motors vs. Ford: 1 Auto Giant Is Winning the EV Race
1 ***** anese Company Just Waved a Red Flag for Micron Stock. How to Play It Here.
Billionaire Ken Griffin Just Saved Situational Awareness, But Here's What a Rescue Call From Citadel Really Sounds Like — 'I… Heard the Grim Reaper's Scythe'
#narayan #sell #likely #street
3 months ago
CMA CGM posted impressive Q2 earnings as it navigated volatile supply chain conditions to substantial increases in container volumes and profit.
The closely-held provider of diversified logistics services based in Marseille today said maritime volumes rose 6% to 6.3 million container units from 5.97 million in 2025. Revenue spiked 22% to $9.96 billion from $8.17 billion, while earnings before interest, taxes, depreciation and amortization (EBITDA) were up 42.4%, to $2.26 billion from $1.59 billion. EBITDA margin improved from 19.4% to 22.7%
"Against a backdrop of continued geopolitical instability, the Group delivered solid results in the second quarter of 2026, driven by the performance of our shipping activities, the growth of our terminals and air cargo businesses, and the complementary strengths of our logistics operations," said Rodolphe Saade, chairman and chief executive, whose family controls CMA CGM. "This performance reflects our strategy of expanding in key markets and investing in strategic **** ets. They once again demonstrate the strength of our model, our agility and our resilience, all in support of delivering reliable, high-quality service to our customers."
The company said that the second quarter of 2026 was "a particularly volatile market environment for the shipping and logistics industry, marked by the multiplication of geopolitical conflicts, particularly in the Middle East, and a high level of macroeconomic uncertainty."
Overall revenue grew 19.2% to $15.69 billion from $13.17 billion as EBITDA improved 31% to $2.99 billion from $2.28 billion and EBITDA margin was up 1.7 points to 19% from 17.3%. Net income was better at $770 million from $520 million.
#billion #Logistics #container
The closely-held provider of diversified logistics services based in Marseille today said maritime volumes rose 6% to 6.3 million container units from 5.97 million in 2025. Revenue spiked 22% to $9.96 billion from $8.17 billion, while earnings before interest, taxes, depreciation and amortization (EBITDA) were up 42.4%, to $2.26 billion from $1.59 billion. EBITDA margin improved from 19.4% to 22.7%
"Against a backdrop of continued geopolitical instability, the Group delivered solid results in the second quarter of 2026, driven by the performance of our shipping activities, the growth of our terminals and air cargo businesses, and the complementary strengths of our logistics operations," said Rodolphe Saade, chairman and chief executive, whose family controls CMA CGM. "This performance reflects our strategy of expanding in key markets and investing in strategic **** ets. They once again demonstrate the strength of our model, our agility and our resilience, all in support of delivering reliable, high-quality service to our customers."
The company said that the second quarter of 2026 was "a particularly volatile market environment for the shipping and logistics industry, marked by the multiplication of geopolitical conflicts, particularly in the Middle East, and a high level of macroeconomic uncertainty."
Overall revenue grew 19.2% to $15.69 billion from $13.17 billion as EBITDA improved 31% to $2.99 billion from $2.28 billion and EBITDA margin was up 1.7 points to 19% from 17.3%. Net income was better at $770 million from $520 million.
#billion #Logistics #container
3 months ago
Bitcoin (BTC) bounced over the weekend session and was stabilizing above the $65,000 support as of Monday.
The cryptocurrency climbed more than 3% from its weekend low to reach an intraday high of around $65,722. Its recovery followed a pause in hostilities between the US and Iran, which sent oil prices sharply lower and improved risk appetite across global markets.
Brent crude consequently fell more than 4% toward $92 per barrel, while West Texas Intermediate dropped over 5% to around $84.
Falling energy prices eased concerns that the Iran conflict would trigger another inflation shock and force the Federal Reserve to maintain a more aggressive monetary policy stance.
Lower oil prices are typically supportive for speculative ***** ets because they can reduce inflation expectations, improve liquidity sentiment and limit upward pressure on bond yields.
#west
The cryptocurrency climbed more than 3% from its weekend low to reach an intraday high of around $65,722. Its recovery followed a pause in hostilities between the US and Iran, which sent oil prices sharply lower and improved risk appetite across global markets.
Brent crude consequently fell more than 4% toward $92 per barrel, while West Texas Intermediate dropped over 5% to around $84.
Falling energy prices eased concerns that the Iran conflict would trigger another inflation shock and force the Federal Reserve to maintain a more aggressive monetary policy stance.
Lower oil prices are typically supportive for speculative ***** ets because they can reduce inflation expectations, improve liquidity sentiment and limit upward pressure on bond yields.
#west
3 months ago
Interested in monday.com Ltd.? Here are five stocks we like better.
Monday.com's stock has fallen more than 70% on fears that AI coding tools will make its workflow software obsolete, despite recent gains since April.
Recent earnings show revenue grew 24% year-over-year with record operating profit and gross retention, contradicting the bearish narrative about AI disruption.
Monday.com is embracing agentic AI through a new seats-plus-credits pricing model, a $550 million buyback, and trades at a much lower valuation than last year.
Few stocks have taken as brutal a beating from AI disruption fears as Monday.com (NASDAQ: MNDY). Its shares have fallen over 70% from last year's high and are currently trading below $80.
#stocks #last
Monday.com's stock has fallen more than 70% on fears that AI coding tools will make its workflow software obsolete, despite recent gains since April.
Recent earnings show revenue grew 24% year-over-year with record operating profit and gross retention, contradicting the bearish narrative about AI disruption.
Monday.com is embracing agentic AI through a new seats-plus-credits pricing model, a $550 million buyback, and trades at a much lower valuation than last year.
Few stocks have taken as brutal a beating from AI disruption fears as Monday.com (NASDAQ: MNDY). Its shares have fallen over 70% from last year's high and are currently trading below $80.
#stocks #last
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.
Treasury Secretary Scott Bessent said the U.S. is considering sanctions on China over its alleged "theft" of U.S. large language models.
On Bessent's list are Chinese open-weight AI models like Moonshot's Kimi, DeepSeek, and GLM of z.ai, as well as the tech giant Alibaba. We don't yet know what these proposed sanctions would look like.
As of today, we do not know what these proposed sanctions would look like. If imposed, they could restrict or ban Chinese open-weight models and push U.S. developers toward the best budget-friendly intelligence stateside.
Bessent on Tuesday told Fox Business that frontier AI companies like Anthropic and OpenAI face what he called "IP theft" from Chinese AI models that "distill" their products.
#chinese #like #theft #know
Treasury Secretary Scott Bessent said the U.S. is considering sanctions on China over its alleged "theft" of U.S. large language models.
On Bessent's list are Chinese open-weight AI models like Moonshot's Kimi, DeepSeek, and GLM of z.ai, as well as the tech giant Alibaba. We don't yet know what these proposed sanctions would look like.
As of today, we do not know what these proposed sanctions would look like. If imposed, they could restrict or ban Chinese open-weight models and push U.S. developers toward the best budget-friendly intelligence stateside.
Bessent on Tuesday told Fox Business that frontier AI companies like Anthropic and OpenAI face what he called "IP theft" from Chinese AI models that "distill" their products.
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