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xyhdiggadgetdrift
3 days ago
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Worried you might be weighed down with a parent's debts or expenses after they die? You might not need to worry.
As it turns out, you may have limited obligations to pay your parents' debts if they die (or to take on their expenses if they're still alive). And, if you're a parent, there are steps you can take to prevent your adult children from taking on your debts, if you were to die.
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
A single line on your car insurance policy could be inflating your premium by up to 30% — here's what to change

#might #expenses #worried #bezos
xyhdiggadgetdrift
23 days ago
Burry is mitigating near-term tax selling in underperforming holdings.
The investor foresees an early end to the artificial intelligence boom, positioning for a 2000–2003 style value equity revival.
Significant capital is being directed into discounted Chinese equities like BYD, while maintaining a cautious stance on Alibaba amidst its infrastructure spending.
Renowned value investor Michael Burry outlined his fourth-quarter portfolio maneuvers in an update on his Cassandra Unchained Substack platform on Monday, revealing how he is positioning around tax-loss harvesting headwinds while building long-term exposure to deeply discounted sectors.
Burry noted that the final quarter routinely brings heightened selling pressure on underperforming equities as investors sell underperforming ***** ets at a loss to offset capital gains.

#burry #positioning #capital #equities
xyhdiggadgetdrift
1 month ago
When AI stocks rebounded last week, optical networking companies did not rebound equally.
Lumentum Holdings Inc. (NASDAQ:LITE) jumped nearly 10% in Wednesday trading and led the S&P 500, while Coherent rose 6.9%. Corning Incorporated (NYSE:GLW) managed only a 0.4% gain and remained down sharply for the week.
All three sit inside the same broad AI-connectivity buildout. The divergence suggests investors are beginning to distinguish between different pieces of that infrastructure rather than buying every optics name together.
Photo from Lumentum Holdings website
AI clusters increasingly need optical connections as more accelerators communicate across larger physical distances. That drives demand for high-speed transceivers, lasers and other photonic components.

#NASDAQ #lite #wednesday #coherent
xyhdiggadgetdrift
1 month ago
On September 8, 2026, Reuters reported that ASML Holding N.V. (NASDAQ:ASML) plans to work with major customers. It includes Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), Nvidia, Intel, Samsung, and SK Hynix to adapt its next-generation "High NA" extreme ultraviolet lithography tools so they can print larger data-center chips. It addresses a current limitation where the newer machines use a smaller mask than ASML's widely deployed standard EUV tools.
ASML targets a pilot production line using the larger masks by 2031 and high-volume manufacturing readiness by 2033. Chief technology officer Marco Pieters said these changes could lift the productivity of these systems by roughly 40%.
The larger-mask project could create a new growth opportunity for ASML Holding N.V. (NASDAQ:ASML) while helping TSMC manufacture larger AI chips more efficiently. ASML plans to use its High NA EUV tools to handle chips as large as today's biggest data-center processors. The business expects the larger masks to increase system productivity by 40%. It could scale up demand for its next-generation equipment and help TSMC improve the economics of producing increasingly large and complex chips.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)'s planned use gives ASML a clear path toward commercializing the technology. TSMC plans to introduce High NA EUV into advanced-node high-volume production from 2030. ASML aims to show its larger-mask technology through a pilot line in 2031. TSMC's commitment could give ASML greater visibility into future equipment demand. Early use could help TSMC maintain its advanced-chip manufacturing advantage.
The collaboration could solidify both companies' positions as chipmakers develop larger and more powerful processors. ASML can extend its High NA roadmap beyond its current chip-size limitation. TSMC can prepare its manufacturing processes for the next generation of AI chips. The partnership gives ASML an opportunity to deepen its relationship with one of its largest customers and gives TSMC access to a technology that could support future advanced-chip production.

#asml #technology #plans #next
xyhdiggadgetdrift
1 month ago
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures.
The stock market was mixed, with the 10-year Treasury yield at 5%. The Nasdaq rose modestly, amid continued sector rotations among growth stocks. The S&P 500 largely held its ground but the Dow Jones and small-cap Russell 2000 fell solidly to three-month lows.
Robinhood Markets (HOOD) surged back into a buy zone Friday as part of bullish upside reversal for bitcoin and other crypto plays. Coinbase Global (COIN) flashed an aggressive entry. The iShares Bitcoin Trust ETF (IBIT) also is actionable.
Sandisk (SNDK) and Moderna (MRNA), the top S&P 500 performers so far this year, are in buy areas as well. So is Advanced Micro Devices (AMD), another top-10 S&P 500 stock.
Robinhood stock is on SwingTrader. AMD stock is on the IBD 50.

#futures #jones #Bitcoin #year
xyhdiggadgetdrift
1 month ago
Affirm Holdings, Inc. (NASDAQ:AFRM) has underperformed the broader market year to date, but the tide is slowly turning. Robust growth in interest-bearing loans, a strategic partnership with Shopify in Australia, and accelerating volumes at Amazon provide multiple avenues for continued growth.
On September 12, Goldman Sachs raised its price target to $115 from $106, citing improving underlying fundamentals. The hike follows the company's impressive fourth-quarter fiscal 2026 results, with revenues surging 33% to $1.2 billion and operating income rising $89 million to $147 million.
The robust revenue growth came as the company continued to attract more business interest-bearing loans. Interest income rose 35% in the fourth quarter, in line with a 33% increase in average net loans held for investment partners. More importantly, 80% of Affirm's direct-to-consumer product loans carried interest at quarter-end, giving the company an increasingly meaningful source of recurring interest income.
The investment bank has also touted the growth opportunity around Affirm Card, which is helping the company expand its relationship with consumers beyond individual BNPL transactions. Active cardholders more than doubled to 5.2 million, resulting in a 124% increase in Card GMV to $2.8 billion.
Management has already hinted at continued upside momentum by estimating a massive increase in GMV to $64 billion in fiscal 2027 and an adjusted operating margin of 30.5%. Against this backdrop, Wolfe Research ****** yst Darrin Peller upgraded the stock to Outperform with a $90 price target. According to the ****** yst, Affirm Holdings is a winner in the point-of-sale financing ****** e.

#interest #billion #company
xyhdiggadgetdrift
1 month ago
Investors are largely in agreement that most of Berkshire Hathaway's (NYSE: BRKA) (NYSE: BRKB) stock holdings are solid picks. Every now and then, though, one of its selections raises a few eyebrows.
That's what happened when Berkshire bought 3 million shares of department store chain Macy's (NYSE: M) in the first quarter of this year. Most people appreciate that the struggling company owns a real estate portfolio that may well be worth more than the organization's current market cap of just under $6 billion. To unlock that value, however, the company would need to take on the expensive -- and business-destructive -- headache of winding down at least some of its existing retailing operations, perhaps undermining the value of that real estate in the process.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ***** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
But maybe Berkshire Hathaway isn't looking at what's since grown to a 7.4 million share/$162 million stake in Macy's as a real estate bet after all. It could be a legitimate turnaround play.
This premise could be difficult to digest given the so-called retail apocalypse that's been underway since the advent of e-commerce. And, anyone who's been keeping close tabs on the brick-and-mortar retailing industry's struggle probably knows that department store chains' revenue peaked in the early 2000s, and has been dwindling ever since.

#real
xyhdiggadgetdrift
1 month ago
Digital Realty Trust, Inc. (NYSE:DLR) announced a joint venture with Rönesans Infrastructure on September 14 to develop and operate data centers in Türkiye. The first Ankara campus is designed for more than 22 megawatts of IT capacity. Land, power and permits are secured, early construction has begun, and the first facility is scheduled for completion in 2028.
Digital Realty Trust, Inc. (NYSE:DLR) has established credible development foundations. The investment question is whether those foundations can support attractive returns once construction spending, customer contracts, and operating costs enter the calculation.
For Digital Realty Trust, Inc. (NYSE:DLR), securing land, electricity and permits reduces uncertainty around whether development can proceed. That matters because customer interest has limited commercial value when a developer cannot offer a credible delivery schedule. Construction progress can make discussions with prospective tenants more concrete.
Digital Realty Trust, Inc. (NYSE:DLR) also combines its global customer relationships and operating experience with Rönesans Infrastructure's local development and construction capabilities. The potential benefit is practical: a partner familiar with local execution can help deliver the buildings, while an established data-center operator can help attract customers and manage their deployments.
Digital Realty Trust, Inc. (NYSE:DLR) is entering through a venture that also plans an additional Istanbul facility. A presence in both cities could appeal to customers seeking multiple locations for resilience and connectivity. Success in Ankara could therefore create a commercial foundation for further expansion, provided demand supports additional investment.

#digital #construction #development #venture
xyhdiggadgetdrift
1 month ago
Top media leaders across print, digital and broadcast warned about AI's impacts on journalism at the inaugural Status Summit last week.
Why it matters: News publishers recognize that they need to embrace AI to survive the transition to an agentic web, but they refuse to broker deals with companies they feel are illegally scraping their content.
What they're saying: Speaking onstage to Status founder Oliver Darcy last Wednesday, New York Times CEO Meredith Kopit Levien said large language model developers "as far as we see it ... have engaged in theft of intellectual property and creative expressive work on a scale that is unprecedented."
As it relates to the Times, they've "stolen our stuff," she said.
The Times, which has sued OpenAI and Microsoft in a landmark copyright lawsuit, has struck partnerships with AI firms, such as Amazon, when they believe terms are equitable.

#darcy #york
xyhdiggadgetdrift
1 month ago
Interested in Truist Financial Corporation? Here are five stocks we like better.
Truist will sell its $5.5 billion near-prime auto loan portfolio and exit its Regional Acceptance Corporation business, which was roughly break-even despite high loan yields. The transaction is expected to modestly improve earnings, tangible book value and credit metrics.
The bank reaffirmed its financial outlook, including third-quarter net interest income growth of about 1.5%, full-year growth of 1% to 1.5%, and its $5 billion share-repurchase plan. The sale is expected to generate approximately $950 million in capital but reduce net interest margin by 4 to 5 basis points.
New CEO Mike Lyons is accelerating a broader portfolio and capital-allocation review, with Truist emphasizing relationship banking, deposits, commercial lending, payments, wealth management and potentially credit cards, mortgages and home equity lending.
Smart Money Shifts: U.S. Bancorp Pairs Tech With Yield

#truist #financial #loan #credit
xyhdiggadgetdrift
1 month ago
Six Anthropic cofounders made their debut on the Forbes 400 list of America's wealthiest people on Tuesday, with a combined net worth of $93 billion. Daniela Amodei, Dario Amodei, Tom Brown, Jack Clark, Jared Kaplan, and Sam McCandlish are each worth an estimated $15.5 billion, according to Forbes.
The six cofounders left OpenAI in 2021 to found Anthropic and have built the company into a significant competitor in the artificial intelligence industry, partly through the popularity of its Claude chatbot. Their fortunes rose in May, when Anthropic closed a funding round that more than doubled the estimated value of their individual stakes of roughly 1.6% each, according to Forbes. A seventh cofounder holds Canadian citizenship and does not appear on the list.
The Anthropic group ranked among the most prominent of 34 first-time entrants to this year's Forbes 400, which set a record minimum net worth of $4.4 billion, up from $3.8 billion in 2025. America's 400 wealthiest people are collectively worth $8 trillion, up from $6.6 trillion a year ago. The 34 newcomers account for $321 billion of that total.
The AI sector drove the largest share of new entrants, with 15 of the 34 newcomers drawing their wealth from the industry. OpenAI cofounder Greg Brockman topped the new members, debuting at No. 45 overall with an estimated $25.5 billion fortune. Robotics entrepreneur Brett Adcock ranked second among newcomers with an estimated $23.4 billion net worth, while investor Antonio Gracias, an early backer of multiple Elon Musk companies, placed third at $17.1 billion.
The Anthropic cofounders' arrival on the list follows a period of rapid growth at the company. Anthropic posted $11.6 billion in revenue in the second quarter, surpassing OpenAI's $6.7 billion for the same period — the first time Anthropic had led its rival on that measure. Anthropic also recorded a small adjusted operating profit of $559 million in the quarter, according to Forbes.

#estimated
xyhdiggadgetdrift
1 month ago
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Warren Buffett once put General Motors CEO Mary Barra on the spot with a question. Would she run the company differently if she didn't have to report earnings every three months?
When Barra said no, Buffett offered advice she still calls (1) "phenomenal."
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
A record 45% of central banks plan to grow gold reserves — and many investors are following suit. Get your free gold IRA guide from Priority Gold

#finance #warren #mary
xyhdiggadgetdrift
1 month ago
Walmart (WMT) recently took another step into restaurant delivery, announcing a national partnership with Inspire Brands that puts it more directly in competition with DoorDash (DASH) and Uber Technologies' (UBER) Uber Eats. But the expansion announced recently is still largely limited to restaurants operating as tenants inside Walmart stores, where the logistics are considerably easier to manage. The bigger question is what happens when the company moves beyond these in-store tenants and takes on the more difficult parts of the restaurant delivery market. Until then, the current expansion says more about Walmart's ambition than its ability to become a structural competitor to the established players.
Walmart is expanding its restaurant delivery strategy through a new collaboration with Inspire Brands, whose portfolio includes Arby's, Jimmy John's, Dunkin, Baskin-Robbins, and Sonic. The partnership will bring restaurant delivery into Walmart's app. Dunkin' will be the first brand to launch, starting with 150 in-store tenant locations. Walmart and Dunkin' then plan to expand the offering to most of Dunkin's roughly 10,000 U.S. restaurants, including locations outside Walmart's stores. The broader opportunity is built around Walmart's existing physical footprint. A customer could place a restaurant order alongside a Walmart purchase and receive both through the same delivery. The retail giant says its footprint is located within 10 miles of about 90% of the U.S. population.
Dear ****** eX Stock Fans, Mark Your Calendars for September 21
How to Play IBM Stock as It Teams Up with NASA to Launch a New Open-Source Model
GF Securities Says NAND Prices May Stabilize Later This Year. What This Means for Sandisk Stock.

#uber #Stock #inspire #launch
xyhdiggadgetdrift
1 month ago
Futures for the Dow Jones Industrial Average and the other major stock indexes traded lower Monday as oil prices surged amid the U.S.-Iran conflict. The Nasdaq took the brunt of the pain as Nvidia (NVDA) and other artificial intelligence stocks sold off on the stock market today after industry leaders urged a slowdown in AI model development.
Ahead of Monday's open, Dow futures dropped 0.4% while S&P 500 futures fell 0.7%. Nasdaq-100 futures tumbled 1.7% in early morning trading.
West Texas Intermediate crude futures advanced more than 4%, to roughly $104.40 a barrel after Saudi Arabia closed a key pipeline that bypasses the Strait of Hormuz. The 10-year Treasury yield edged higher to 4.98%. Also, bitcoin rose to roughly $77,600.
Among exchange traded funds, the Invesco QQQ (QQQ) was down 1.8%, as the State Street SPDR S&P 500 (SPY) fell 0.7% before Monday's opening bell.
Four Reasons To Put This Nvidia, AMD Partner On Your Watchlist Right Now

#jones
xyhdiggadgetdrift
2 months ago
ACV Auctions Inc. (NYSE:ACVA)—one of the leading car auction marketplaces in the US—saw its share price jump by 49 percent week-on-week, taking the first spot in the top-performing stocks in last week's shortened trading session.
This followed an announcement from its Texas-based counterpart, Copart Inc., under which the latter's subsidiary will acquire all of ACVA shares in an all-cash transaction at a price of $10.50 apiece, or for a total of $1.9 billion.
The offer price marked a 45 percent premium over its closing price of $7.22 on Thursday, September 10, prior to the announcement.
The completion of the tender offer is subject to the successful acquisition of a majority stake in ACVA or the expiration of the waiting period.
The transaction is expected to be completed by the end of the year.

#percent
xyhdiggadgetdrift
2 months ago
Consolidated Edison Company of New York, Inc., the regulated utility subsidiary of Consolidated Edison, Inc. (NYSE:ED), joined New York regulatory staff and other parties in filing a proposed three-year steam-rate plan covering November 2026 through October 2029. Approval from the New York State Public Service Commission remains required.
The proposal includes headline base-rate changes of $13 million, $42 million and $39 million over the three rate years. A bill-shaping mechanism would instead implement corresponding base-rate increases of $26.6 million, $27.5 million and $28.5 million, producing an approximately 3.5% total customer-bill effect each year. Any revenue shortfall caused by delayed billing after the proposed November 1 effective date would be collected through a surcharge.
For Consolidated Edison, Inc. (NYSE:ED), the attraction is a visible investment and recovery framework. The trade-off is a 9.5% authorized return on common equity and limited room before earnings sharing begins.
The settlement supports $396 million of steam capital spending over three years, comprising $143 million, $127 million, and $126 million annually. The average rate base is projected to increase from $2.118 billion in the first rate year to $2.234 billion in the second and $2.311 billion in the third. That represents approximately 9.1% ***** ulative growth from the first year to the third, providing a larger base on which Consolidated Edison, Inc. (NYSE:ED) can earn its authorized return.
The multiyear structure also improves planning. Consolidated Edison, Inc. (NYSE:ED) would know the principal revenue, capital, and financing ***** umptions through October 2029 rather than returning immediately to a full rate proceeding. The proposed after-tax weighted average cost of capital rises from 7.07% to 7.19% across the plan, reflecting higher ***** umed long-term debt costs.

#million #consolidated #year #three
xyhdiggadgetdrift
2 months ago
Prosper Stars & Stripes, a long/short equity fund, recently released its second-quarter 2026 investor letter. The letter can be downloaded here. In Q2 2026, the portfolio delivered a strong net return of +30.1% compared to the Russell 2000 Index's +21.5% return and the HFRX Equity Hedge Index's +10.3% return. The long book drove performance, generating a 43.2% gross contribution, while average net exposure remained relatively modest at 47%. U.S. economic growth remained resilient despite inflation concerns, elevated energy prices, and geopolitical uncertainty. Markets rallied sharply after easing U.S.-Iran tensions pushed oil prices lower, supporting renewed risk appetite. Small-cap equities benefited significantly, with Information Technology, Industrials, and Health Care leading gains, while Energy declined as crude prices fell. Year to date, the Composite returned +23.7%, slightly ahead of the Russell 2000's +22.6% and well above the HFRI Equity Hedge Index's +9.7%. Additionally, you can review the Portfolio's top 5 holdings to see its best picks for 2026.
In its second-quarter 2026 investor letter, Prosper Stars & Stripes highlighted Cable One, Inc. (NYSE:CABO). Cable One, Inc. (NYSE:CABO) is a US-based data, video, and voice services provider. On September 8, 2026, Cable One, Inc. (NYSE:CABO) closed at $23.03 per share. Over the past month, Cable One, Inc. (NYSE:CABO) declined 31.48%, and its shares lost 85.49% over the past 52 weeks. Cable One, Inc. (NYSE:CABO) has a market capitalization of $144.51 million, and its stock has traded within a 52-week range of $21.98 and $180.74.
Prosper Stars & Stripes stated the following regarding Cable One, Inc. (NYSE:CABO) in its Q2 2026 investor letter:
"Cable One, Inc. (NYSE:CABO) was the second largest contributor to our short book during the quarter. Cable One provides cable broadband in rural markets, where it once enjoyed pricing power and high barriers to entry. But industries are dynamic and new competition has changed the company's position. Our process kept Cable One on our focus list through that transformation and allowed us to revisit it repeatedly; we have shorted the stock five times over the last four years. Increasing competition is an excellent short driver, and Cable One faced pressure from multiple directions at once, including fiber overbuilders, fixed wireless, and satellite internet. Broadband is a commodity, so when lower-priced alternatives entered its markets, Cable One had no meaningful way to differentiate and began losing share. In Q1 2026, the company reported a 7% revenue decline and an earnings decline of approximately 33%. Management compounded the damage by recognizing the shift late and allocating capital to **** et purchases at peak multiples. The combination of leverage, subscriber losses, and falling prices have pressured margins and now threatens the company's terminal value. We covered our position during the quarter."

#stripes #quarter #letter
xyhdiggadgetdrift
2 months ago
USAR drops 4% and MP Materials falls 5% as Trump-Xi summit hopes erode the scarcity premium driving domestic rare earth valuations.
REMX sinks 5% versus SPY's 0.5% dip, confirming a targeted sector repricing rather than a broad market risk-off move.
USA Rare Earth broke ground on a $1.2 billion South Carolina facility Wednesday, yet diplomatic headlines overshadowed the milestone the very next day.
Just released. Our ****** ysts combed the entire stock market and named the ten best stocks to buy right now, and MP Materials didn't make the cut. Enter your email to see the names that beat MP. The report is free. Enter your email and see if any of your stocks made the cut.
Domestic rare earth stocks are sliding Thursday midday as fresh diplomatic warming between Washington and Beijing chips away at the scarcity premium powering the trade. USA Rare Earth (NASDAQ:USAR) stock is down 4% to $16.36, and MP Materials (NYSE:MP) shares are down 5% to $51.85. Both names sit near the front of the U.S. critical-minerals theme and tend to move hard when the geopolitical setup shifts.

#market
0.00$ raised of 0.00$ goal
0 donations 0.00$ to go
xyhdiggadgetdrift
2 months ago
Stewart ***** et Management's flagship portfolio returned 15.97%, net of fees, in the second quarter, and the S&P 500 Index gained 15.20%. YTD, it appreciated 5.37%, net of fees, and the S&P 500 Index gained 10.21%. The letter can be downloaded here. Despite geopolitical uncertainties, share prices surged higher as emerging prospects for a ceasefire in the Middle East restored market composure and investor optimism for continued earnings growth in the second half of the year. Volatility in share prices was noted, particularly tied to industrial trends like AI, with comparisons made to the internet boom and personal computer adoption. Despite concerns about extreme valuations and potential corrections, the conclusion is that strong earnings growth is fundamental to rising share prices, emphasizing the importance of investing in robust businesses. Please check the fund's top five holdings for its best picks in 2026.
In its second-quarter 2026 investor letter, Stewart ***** et Management highlighted Lumentum Holdings Inc. (NASDAQ:LITE). Lumentum Holdings Inc. (NASDAQ:LITE) is a leading technology company that manufactures and sells optical and photonic products. On September 04, 2026, Lumentum Holdings Inc. (NASDAQ:LITE) closed at $881.26 per share. Over the past month, Lumentum Holdings Inc. (NASDAQ:LITE) gained 13.83%, and its shares are up 519.81% over the past year. Lumentum Holdings Inc. (NASDAQ:LITE) has a market capitalization of $79.05 billion, and its stock has traded within a 52-week range of $144.52 to $1,085.68.
Stewart ***** et Management stated the following regarding Lumentum Holdings Inc. (NASDAQ:LITE) in its Q2 2026 investor letter:
"During the quarter we initiated a small investment in Lumentum Holdings Inc. (NASDAQ:LITE), a leader in optical networking — the hardware that moves data between AI chips, servers, and data centers. We believe AI infrastructure spending is driving an optical upgrade cycle from which Lumentum may benefit. Demand outstrips supply, and customer agreements now extend through 2027 as data centers grow in number and size. Capturing this opportunity requires execution on capacity expansion and continued hyperscaler willingness to invest in AI infrastructure. The primary risks ***** ociated with the company are its concentration of revenue from a small number of customers, product timelines shifting and emerging technologies. However, we believe that the positives noted above outweigh these risks."
Lumentum Holdings Inc. (NASDAQ:LITE) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. According to our database, 111 hedge fund portfolios held Lumentum Holdings Inc. (NASDAQ:LITE) at the end of the second quarter, down from 123 in the previous quarter. While we acknowledge the potential of Lumentum Holdings Inc. (NASDAQ:LITE) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that a
xyhdiggadgetdrift
2 months ago
CNBC reported on August 27, 2026, that BitGo Holdings, Inc. (NYSE:BTGO) will acquire the institutional trading business of NYDIG, adding derivatives, structured products, financing, and other capital markets services to its existing custody, settlement, and wallet infrastructure.
About 30 NYDIG employees and roughly 250 institutional client relationships will join BitGo, according to a person close to the matter; a regulatory filing put the deal's total consideration at about $42.5 million, mostly in BitGo stock. BitGo, which went public earlier this year and has a market value under $1 billion, is expanding its institutional capabilities. NYDIG said it will instead focus on power generation, Bitcoin mining, and high-performance computing data centers, where its development pipeline already exceeds 3 gigawatts.
Source: Unsplash
The deal moves BitGo toward a more complete, higher-margin institutional platform. CEO Mike Belshe said institutions want a partner supporting the "full lifecycle of digital ****** ets, from custody and trading to financing and settlement," and adding derivatives and structured products allows BitGo Holdings, Inc. (NYSE:BTGO) to capture more of that lifecycle from each client. This expanded service could help BitGo make more money from its current institutional clients
The timing aligns with a recent crypto market rebound rather than a speculative bet on a future recovery, while BitGo gains an immediate institutional client base. Bitcoin had recently topped $80,000 after months of weak trading volume, while roughly 250 institutional client relationships and about 30 experienced staff will transfer to BitGo. Building that scale organically could take years.

#holdings #adding
xyhdiggadgetdrift
2 months ago
Jhalesa Seymour became a millionaire by age 25 by selling something simple: soap.
But she didn't build her multimillion-dollar business with a pile of startup cash or backing from investors. Seymour says she started the company while she was still in college with just $67 to her name.
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

#dave #americans
xyhdiggadgetdrift
2 months ago
Hut 8 Corp. (NASDAQ:HUT) is increasingly positioning itself as an AI infrastructure company rather than simply a Bitcoin miner, opening up potentially significant new growth opportunities as demand for power and data-center capacity accelerates.
The company's strategy is shifting away from relying primarily on Bitcoin economics and toward monetizing its power portfolio and data-center infrastructure through long-term artificial intelligence contracts.
On September 1, Hut 8 Corp. (NASDAQ:HUT) confirmed it is developing a data center in Nueces County, Texas, to be leased by Nvidia as part of a $35 billion computing agreement with Anthropic.
Source: unsplash
The latest development follows Hut 8's first major AI infrastructure transaction announced late last year: a 15-year, $7 billion lease agreement with Fluidstack covering approximately 245 megawatts of capacity. Google is providing financial backing for the agreement.

#data #NASDAQ #power #billion
xyhdiggadgetdrift
2 months ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
A 39-year-old man recently saw roughly $750,000 in company equity vest after four years at the same tech company. His girlfriend of two years wants her name added to the brokerage accounts holding the shares and says keeping the accounts solely in his name means he doesn't trust her—or worse, that he's "hiding money."
Those are two separate issues. Whether to combine finances is a relationship decision. Whether to retitle a six-figure investment account is a financial and legal one. Many financial advisors would recommend evaluating ownership, taxes, and long-term planning before adding anyone else to an account of this size.
The tax treatment depends on the type of equity compensation.
Don't Miss:

#Equity #financial
xyhdiggadgetdrift
2 months ago
Wall Street delivered a sharp split on September 4. The S&P 500 fell 0.4% after a stronger-than-expected jobs report lifted rate concerns, but Sandisk jumped 11.9% and Micron gained 6.1%. The divergence matters because it was not a broad risk-on move. The pattern was consistent with investors rotating toward memory and storage suppliers that help keep AI systems fed with data. That put Sandisk Corporation (NASDAQ:SNDK) and Micron Technology, Inc. (NASDAQ:MU) at the center of the session.
Source: Sandisk Corporation
Sandisk offers the purer NAND and flash-storage argument. Its August results established data center as a key growth pillar, and management said it had signed five more new-business-model agreements since April. The bull case is that AI expands high-value enterprise storage demand while tighter supply supports pricing. The bear case is cyclicality: customer agreements cannot eliminate inventory swings, pricing reversals, or the execution risk that comes with a newly independent public company.
Professional ownership broadened before Friday's rally. Insider Monkey counted 128 hedge funds holding Sandisk Corporation (NASDAQ:SNDK) at June 30, up from 114 at March 31. Leopold Aschenbrenner's Situational Awareness LP disclosed 2,495,344 shares, about 119% more than the 1,140,119 shares reported in Q1. Those filings are quarter-end snapshots and do not show what the funds did during the September move.
Micron supplies both high-bandwidth memory and conventional DRAM and NAND. Its fiscal third-quarter revenue reached $41.46 billion, while Cloud Memory revenue rose to $13.77 billion and Core Data Center revenue to $11.52 billion. That operating leverage is the bull case. The counterargument is that extraordinary margins invite capacity additions, and today's scarcity economics may normalize faster than investors expect.

#sandisk #corporation #center #storage
xyhdiggadgetdrift
2 months ago
By Anna Szymanski
Sept 4 (Reuters) - From the Editor
Are the vigilantes back? Bond yields spiked across developed markets this week, with many hitting multi-decade highs, as rising deficits, elevated inflation and a surge of AI-driven corporate debt issuance left traders demanding higher compensation for the risk of holding longer-term government debt.
Far from a moral crusade by fixed income investors seeking to influence fiscal policy, this instead looks like a logical response to the economic facts on the ground, including the dawning reality that borrowing ‌rates in many large markets are likely going to be higher for longer.
Over the past week, the benchmark U.S. 10-year Treasury yield surged to roughly 4.80%, hitting its highest point since President Donald Trump returned to the White House early last year. This undid any ‌positive impact from Treasury Secretary Scott Bessent's bond-buying announcement two weeks ago.

#markets #many #hitting #debt
xyhdiggadgetdrift
2 months ago
On August 18, Commvault (NASDAQ:CVLT) expanded its Cloud Rewind platform, tripling the number of Microsoft Azure resource types it can protect and recover after a cyberattack or outage. The move follows the company's fiscal first quarter 2027 results, reported on July 28, when subscription revenue rose 16% year over year to $267 million. Together, the two updates show a company betting on cloud recovery as its next growth engine, even as some of the underlying numbers complicate that story.
Cloud Rewind sits at the center of that bet. The August update makes it three times more capable on Azure, reaching 62% of the enterprise-relevant resource types available on that cloud. The tool continuously discovers cloud resources, maps how applications depend on each other, and orchestrates rebuilding the infrastructure and configurations an app needs, not just its files. New Protection Groups tie application data and cloud configuration into one recovery workflow, and policy-based protection can auto-enroll resources by tag, region, and type instead of onboarding each one by hand. Allcargo Group, a logistics customer, said the tool let it restore its operational environment in hours.
That kind of speed lines up with how fast Commvault itself is growing: subscription annualized recurring revenue reached $1,054 million in the quarter, up 22% year over year, while SaaS revenue crossed $100 million for the first time, up 39%, and free cash flow jumped 71% to $51 million. Commvault also struck a multi-year deal with Microsoft to sell its resilience tools as a native service on Azure, and Gartner named it a Magic Quadrant Leader in backup and data protection for the 15th straight year.
The numbers also show where the strain sits. Commvault's GAAP operating margin was just 8.2% in the quarter, far below the 22.8% non-GAAP margin the company highlights, a gap wide enough to suggest real costs are being adjusted away. Guidance points to more of the same rather than acceleration: management expects second-quarter subscription revenue of $264 million to $268 million, essentially flat against the $267 million just reported, and it guided full-year non-GAAP EBIT margin to about 21%, below the 22.8% just posted.
Even the marquee Cloud Rewind expansion has a gap built in. Tripling Azure coverage still leaves the platform reaching 62% of enterprise-relevant resource types, meaning well over a third of what enterprises run on Azure sits outside its recovery net, and the announcement says nothing about extending that coverage to AWS or Google Cloud. For a company competing on breadth of recovery, that is a real limitation until it is addressed.

#year #recovery
xyhdiggadgetdrift
2 months ago
Artisan Partners, an investment management company, released its second-quarter 2026 investor commentary for the "Artisan Global Opportunities Strategy". The letter can be downloaded here. Global equities rebounded sharply during the quarter, with the MSCI ACWI Index returning 15.3% as resilient economic growth, strong corporate earnings, and continued enthusiasm around artificial intelligence supported markets despite persistent inflation, higher bond yields, and geopolitical uncertainty. The portfolio reported strong absolute returns of 12.65% (net) but underperformed the benchmark, mainly because of its underweight exposure to information technology and overweight position in health care. Strong stock selection in technology and energy partially offset these headwinds. The fund continues to see attractive long-term opportunities across AI infrastructure, health care and consumer internet, while remaining disciplined on valuation as several AI-related stocks have appreciated sharply. Management remains focused on durable franchises with identifiable profit cycles and attractive long-term earnings potential. Also, check the Strategy's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Artisan Global Opportunities Fund highlighted L3Harris Technologies, Inc. (NYSE:LHX). L3Harris Technologies, Inc. (NYSE:LHX) provides mission-critical solutions for government and commercial customers worldwide. On September 01, 2026, L3Harris Technologies, Inc. (NYSE:LHX) closed at $263.56 per share. Over the past month, L3Harris Technologies, Inc. (NYSE:LHX) declined 8.44%, and its shares lost 4.08% over the past 52 weeks. L3Harris Technologies, Inc. (NYSE:LHX) has a market capitalization of $48.76 billion.
Artisan Global Opportunities Fund stated the following regarding L3Harris Technologies, Inc. (NYSE:LHX) in its Q2 2026 investor letter:
"L3Harris Technologies, Inc. (NYSE:LHX) is a global aerospace and defense company that we believe remains well positioned to benefit from growing investment in next-generation missile defense, ****** e sensing and national security programs. Recent results exceeded expectations, with 15% organic growth driven by continued strength in its ****** e and mission systems and missile solutions segments. Order activity remained healthy, with backlog reaching $41 billion and international demand accelerating. Despite the solid operating performance, shares declined amid concerns over future competition and the potential implications for long-term market share. While strong bookings and accelerating revenue continue to support our long-term investment thesis, we began harvesting the position as we reallocated capital within the industrials sector."

#technologies #opportunities #long
xyhdiggadgetdrift
2 months ago
xyhdiggadgetdrift
2 months ago
Big dealmaking continues at a rapid clip for AI infrastructure play Hut 8 (HUT).
Hut 8 is developing the data center in Nueces County, Texas, that will be leased by Nvidia (NVDA) as part of a new $35 billion cloud-computing deal between Anthropic (ANTH.PVT) and Nvidia-backed Lambda, according to a new report from the WSJ.
Hut 8 shares rose as much as 4% in premarket trading on Tuesday.
"We have many projects that we are at late stage on," Hut 8 CEO Asher Genoot said on Yahoo Finance's Opening Bid in late August (video above). "We have early-stage [projects] across the whole pipeline. We have 11 that we've disclosed publicly. That doesn't include any behind-the-meter opportunities that we're working on. That doesn't include any M&A opportunities. So we have a ton of projects we're working on."
Hut 8 has a remarkable transformation story, evolving from a bitcoin miner to one of the most important AI data center operators in North America.

#data #stage #include #we 're
xyhdiggadgetdrift
2 months ago
You may be eligible for a bad credit personal loan with a score below 580.
The average personal loan rate is currently at 12.43%, according to Bankrate's data as of Aug. 26, 2026. But if you have bad credit, some lenders could charge you an interest rate close to 36%.
Personal loan lenders specializing in bad credit loans will likely scrutinize your income and employment history more closely.
You should explore alternative solutions before committing to a personal loan with a high interest rate.
If you want a low rate on a personal loan, you'll need good credit. However, that's not the reality for most borrowers. In fact, TransUnion data shows that people in the subprime and near prime categories — credit scores between 580 and 659 — made up the majority of loans (67%) at the end of 2025.

#credit #however