7 hours ago
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) and BlackRock Inc (NYSE:BLK) have formed a joint venture to develop and operate a large-scale artificial intelligence data center campus in El Paso, Texas, as Meta looks to expand the infrastructure supporting its AI ambitions.
The venture will develop and own the data center campus, which is currently under construction and is expected to provide 1 gigawatt of compute capacity when it begins coming online in 2028. The project represents a total development cost of approximately $14 billion, including buildings and long-lived power, cooling and connectivity infrastructure.
Under the agreement, funds managed by BlackRock will own an 80% interest in the venture, while Meta will retain a 20% stake. The companies will fund their respective portions of the development costs, with BlackRock making an initial cash contribution of approximately $4.9 billion and Meta contributing land and construction-in-progress ****** ets valued at about $2.3 billion.
Meta will lease the entire campus from the venture and will remain the sole occupant upon completion. The company will provide construction management, administrative and property management services for the facility.
Meta founder and CEO Mark Zuckerberg wrote that the partnership would allow the company to scale its AI infrastructure efforts more quickly.
#meta #venture #scale #data
The venture will develop and own the data center campus, which is currently under construction and is expected to provide 1 gigawatt of compute capacity when it begins coming online in 2028. The project represents a total development cost of approximately $14 billion, including buildings and long-lived power, cooling and connectivity infrastructure.
Under the agreement, funds managed by BlackRock will own an 80% interest in the venture, while Meta will retain a 20% stake. The companies will fund their respective portions of the development costs, with BlackRock making an initial cash contribution of approximately $4.9 billion and Meta contributing land and construction-in-progress ****** ets valued at about $2.3 billion.
Meta will lease the entire campus from the venture and will remain the sole occupant upon completion. The company will provide construction management, administrative and property management services for the facility.
Meta founder and CEO Mark Zuckerberg wrote that the partnership would allow the company to scale its AI infrastructure efforts more quickly.
#meta #venture #scale #data
16 hours ago
By Xinghui Kok
SINGAPORE, July 27 (Reuters) - Singapore's central bank tightened its monetary policy settings unexpectedly on Monday, with inflation projected to step up in the months ahead.
Singapore's central bank has a unique method of managing monetary policy, tweaking the exchange rate of its currency instead of changing domestic interest rates like many economies.
The Monetary Authority of Singapore (MAS) sets the path of what it calls the policy band of the Singapore dollar nominal effective exchange rate (S$NEER), thus strengthening or weakening the local currency against those of its main trading partners.
WHY DOES SINGAPORE USE THIS METHOD?
#Singapore
SINGAPORE, July 27 (Reuters) - Singapore's central bank tightened its monetary policy settings unexpectedly on Monday, with inflation projected to step up in the months ahead.
Singapore's central bank has a unique method of managing monetary policy, tweaking the exchange rate of its currency instead of changing domestic interest rates like many economies.
The Monetary Authority of Singapore (MAS) sets the path of what it calls the policy band of the Singapore dollar nominal effective exchange rate (S$NEER), thus strengthening or weakening the local currency against those of its main trading partners.
WHY DOES SINGAPORE USE THIS METHOD?
#Singapore
22 hours ago
Morgan Stanley kept Alibaba (BABA) stock as a "top pick" ahead of late-August earnings. ****** yst Gary Yu made the call over two weeks after cutting his target to $180 from $190.
That target sits roughly 60% above where BABA shares closed on Friday at $112.14. Thus, Wall Street is telling clients the stock is worth far more than buyers are currently willing to pay.
Yu lowered his Alibaba target in early July. He still kept an overweight rating on the stock.
Other banks pivoted in the same direction. HSBC cut its target to $170 from $176 in July. The bank still maintained its buy rating.
Daiwa moved earlier, cutting to $175 from $200 on June 24. The firm pointed to weak sales during China's 618 shopping festival.
#rating
That target sits roughly 60% above where BABA shares closed on Friday at $112.14. Thus, Wall Street is telling clients the stock is worth far more than buyers are currently willing to pay.
Yu lowered his Alibaba target in early July. He still kept an overweight rating on the stock.
Other banks pivoted in the same direction. HSBC cut its target to $170 from $176 in July. The bank still maintained its buy rating.
Daiwa moved earlier, cutting to $175 from $200 on June 24. The firm pointed to weak sales during China's 618 shopping festival.
#rating
4 days ago
Binance added Across Protocol (ACX), Lisk (LSK), and Stacks (STX) to its Monitoring Tag on July 24, signaling all three now carry delisting risk on the world's largest crypto exchange.
The tag marks tokens that show higher volatility and risk than other listed **** ets. Binance reviews these projects regularly and can delist them if they fail to meet its criteria.
The Monitoring Tag is Binance's warning system for **** ets it deems higher risk. It does not remove a token right away.
Instead, it puts projects on notice. Binance weighs team commitment, development activity, trading volume, network stability, and tokenomics changes during each review. Evidence of fraud or negligence can also trigger the tag.
"These tokens are closely monitored, with regular reviews conducted. Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform," the exchange said.
#higher #criteria
The tag marks tokens that show higher volatility and risk than other listed **** ets. Binance reviews these projects regularly and can delist them if they fail to meet its criteria.
The Monitoring Tag is Binance's warning system for **** ets it deems higher risk. It does not remove a token right away.
Instead, it puts projects on notice. Binance weighs team commitment, development activity, trading volume, network stability, and tokenomics changes during each review. Evidence of fraud or negligence can also trigger the tag.
"These tokens are closely monitored, with regular reviews conducted. Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform," the exchange said.
#higher #criteria
4 days ago
By Lawrence Delevingne and Marc Jones
July 23 (Reuters) - Oil prices spiked to $100 a barrel on Thursday for the first time since May, while major tech giants knocked U.S. stocks lower and Europe's borrowing costs surged to long-term highs in an unsettling day across markets.
Brent crude settled up 7% at $100.69 a barrel, following attacks on tankers in the Red Sea that choked off a second crucial Middle East artery for global oil supplies, alongside Iran's near-closure of the Strait of Hormuz.
Yemen's Iran-aligned Houthis struck two Saudi oil tankers as part of a naval blockade on Saudi Arabia, sending prices higher as the brief cessation of hostilities between Iran and the U.S. receded into the rear-view mirror.
The U.S. military carried out a new round of strikes on Iran, marking a 12th successive night of American attacks, and prompting further Iranian retaliation. The White House has threatened additional attacks on Iranian infrastructure and key locations of its nuclear facilities.
#marc
July 23 (Reuters) - Oil prices spiked to $100 a barrel on Thursday for the first time since May, while major tech giants knocked U.S. stocks lower and Europe's borrowing costs surged to long-term highs in an unsettling day across markets.
Brent crude settled up 7% at $100.69 a barrel, following attacks on tankers in the Red Sea that choked off a second crucial Middle East artery for global oil supplies, alongside Iran's near-closure of the Strait of Hormuz.
Yemen's Iran-aligned Houthis struck two Saudi oil tankers as part of a naval blockade on Saudi Arabia, sending prices higher as the brief cessation of hostilities between Iran and the U.S. receded into the rear-view mirror.
The U.S. military carried out a new round of strikes on Iran, marking a 12th successive night of American attacks, and prompting further Iranian retaliation. The White House has threatened additional attacks on Iranian infrastructure and key locations of its nuclear facilities.
#marc
4 days ago
By Mike Stone and Aishwarya Jain
July 23 (Reuters) - Defense giant Lockheed Martin lifted its 2026 sales and profit forecasts on Thursday as the Pentagon looks to replenish weapons stockpiles amid a wave of global conflicts.
Shares of the company rose 7% in premarket trading.
President Donald Trump has been urging defense contractors to increase production as the U.S.-Israeli war on Iran and a prolonged Russia-Ukraine conflict drain the Pentagon's inventory.
Revenue for Lockheed's missiles and fire control business rose nearly 20% to $4.1 billion, driven by a production ramp-up of its PAC-3 and Precision Strike missiles, both of which have been used in the war on Iran in the last few months.
#jain
July 23 (Reuters) - Defense giant Lockheed Martin lifted its 2026 sales and profit forecasts on Thursday as the Pentagon looks to replenish weapons stockpiles amid a wave of global conflicts.
Shares of the company rose 7% in premarket trading.
President Donald Trump has been urging defense contractors to increase production as the U.S.-Israeli war on Iran and a prolonged Russia-Ukraine conflict drain the Pentagon's inventory.
Revenue for Lockheed's missiles and fire control business rose nearly 20% to $4.1 billion, driven by a production ramp-up of its PAC-3 and Precision Strike missiles, both of which have been used in the war on Iran in the last few months.
#jain
5 days ago
As the old adage goes, the only certainties in life are death and taxes. But an old rule applied in a new way for ETFs challenges one of those certainties.
Section 351 exchanges rely on a little-known provision of the U.S. tax code that, under specific conditions, allows appreciated securities to be contributed to a newly formed ETF without triggering an immediate taxable event. Especially for investors with concentrated stock positions, 351 conversions can provide a tax-efficient path to enhancing portfolio diversification. (Read: "Got Cap Gains? How Portfolios Can Move Into ETFs Tax-Free")
While Section 351 has been around for decades, only recently have ETF issuers applied the rule towards new ETFs. We recently sat down with independent tax management expert Brent Sullivan to better understand the opportunities (and obstacles) ETFs launched via Section 351 may present to investors.
Below is a lightly edited transcript of our conversation.
You're obviously passionate about taxes. Why does this topic interest you so much?
#etfs #section #taxes #applied
Section 351 exchanges rely on a little-known provision of the U.S. tax code that, under specific conditions, allows appreciated securities to be contributed to a newly formed ETF without triggering an immediate taxable event. Especially for investors with concentrated stock positions, 351 conversions can provide a tax-efficient path to enhancing portfolio diversification. (Read: "Got Cap Gains? How Portfolios Can Move Into ETFs Tax-Free")
While Section 351 has been around for decades, only recently have ETF issuers applied the rule towards new ETFs. We recently sat down with independent tax management expert Brent Sullivan to better understand the opportunities (and obstacles) ETFs launched via Section 351 may present to investors.
Below is a lightly edited transcript of our conversation.
You're obviously passionate about taxes. Why does this topic interest you so much?
#etfs #section #taxes #applied
6 days ago
When Tesla (TSLA) reports earnings on Wednesday, it will update investors on the myriad businesses bringing in revenue to the company. But investors will also be hoping for an update on one of Tesla's biggest future expenses: the Terafab.
The joint project with Elon Musk's other company, **** e Exploration Technologies (SPCX), known as **** eX, was announced in March and pitched as an effort to build the largest semiconductor factory in the world. Initial filings already estimate the Terafab could cost up to $119 billion.
Despite some initial progress, the project is still far from being a reality.
"Until Terafab demonstrates competitive yields and volume production, it should be viewed as a highly ambitious supply-chain project rather than an established cost advantage," wrote Bill Birmingham, Managing Director at REX Shares, in an email response.
S&P 500 Regains 50-Day As AI Plays Lead; Google, Tesla Loom
#terafab #project #tesla #company
The joint project with Elon Musk's other company, **** e Exploration Technologies (SPCX), known as **** eX, was announced in March and pitched as an effort to build the largest semiconductor factory in the world. Initial filings already estimate the Terafab could cost up to $119 billion.
Despite some initial progress, the project is still far from being a reality.
"Until Terafab demonstrates competitive yields and volume production, it should be viewed as a highly ambitious supply-chain project rather than an established cost advantage," wrote Bill Birmingham, Managing Director at REX Shares, in an email response.
S&P 500 Regains 50-Day As AI Plays Lead; Google, Tesla Loom
#terafab #project #tesla #company
6 days ago
Beverly Hills, California-based Live Nation Entertainment, Inc. (LYV) is the world's largest live entertainment company, connecting artists with fans through concert promotion, venue operations, ticketing, and sponsorships. Valued at $42.5 billion by market cap, the company operates an integrated ecosystem that spans nearly every stage of the live event value chain.
The leading live entertainment company is expected to announce its fiscal 2026 second-quarter earnings on Thursday, Aug. 6, after the market closes. Ahead of the event, ***** ysts expect LYV to report a profit of $0.59 per share on a diluted basis, up 43.9% from a profit of $0.41 per share in the year-ago quarter. The company missed the consensus estimates in three of the last four quarters while beating the forecast on one other occasion.
Huge, Unusual Intel Options Volume Today Ahead of Earnings This Week
Intel Stock Is Down, But Put Premiums are High - Put Short Sellers Love the High Yields
Billionaire Mark Cuban Says If CEOs Get 10% of Pay in Stock, Janitors Deserve the Same Percentage — 'That Will Change the Game'
#company #Intel #Event
The leading live entertainment company is expected to announce its fiscal 2026 second-quarter earnings on Thursday, Aug. 6, after the market closes. Ahead of the event, ***** ysts expect LYV to report a profit of $0.59 per share on a diluted basis, up 43.9% from a profit of $0.41 per share in the year-ago quarter. The company missed the consensus estimates in three of the last four quarters while beating the forecast on one other occasion.
Huge, Unusual Intel Options Volume Today Ahead of Earnings This Week
Intel Stock Is Down, But Put Premiums are High - Put Short Sellers Love the High Yields
Billionaire Mark Cuban Says If CEOs Get 10% of Pay in Stock, Janitors Deserve the Same Percentage — 'That Will Change the Game'
#company #Intel #Event
6 days ago
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7 days ago
L1 Capital, an investment management firm, released its "L1 Capital International Fund" (unhedged) second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The letter discusses the current investment environment as a 'two-speed' but resilient global economy, accompanied by an uncertain future. The letter explores the potential of an AI bubble, distinguishing between strong fundamentals and speculative momentum. Additionally, the market displays a 'narrow' character, marked by high exuberance and ******* ounced over-pessimism. Against this backdrop, the Fund returned +2.6% (net of fees) during the June 2026 quarter, compared to the benchmark return of +12.5% (all in A$). The underperformance was driven more by which investments were not held in the Fund. The Fund remains focused on quality, valuation and the avoidance of permanent capital loss, and believes the portfolio is positioned to deliver attractive risk-adjusted returns for patient investors. In addition, you can check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, L1 Capital International Fund highlighted Microsoft Corporation (NASDAQ:MSFT). Microsoft Corporation (NASDAQ:MSFT) is a multinational software company that develops and supports software, services, devices, and solutions, holding dominant positions in software, cloud infrastructure, generative AI, and gaming. On July 17, 2026, Microsoft Corporation (NASDAQ:MSFT) closed at $393.82 per share. One-month return of Microsoft Corporation (NASDAQ:MSFT) was 7.21%, and its shares lost 22.79% over the past 52 weeks. Microsoft Corporation (NASDAQ:MSFT) has a market capitalization of $2.93 trillion.
L1 Capital International Fund stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its Q2 2026 investor update:
"Particularly attentive long-term followers of the Fund may have noticed that Microsoft Corporation (NASDAQ:MSFT) is no longer among the top 10 holdings. We have rebalanced the portfolio weights between Alphabet and Microsoft. We remain comfortable with the Azure hyperscaler business of Microsoft, although we believe the business may be less well positioned compared to Alphabet's GCP and Amazon's AWS hyperscaler businesses:
• Microsoft is behind in developing its own chips (GPUs, CPUs, ASICs) to support AI workloads at lower cost and reduce reliance on Nvidia. • Previously, Azure pulled back on some data centre investments and is now capacity constrained and more dependent on neocloud capacity for immediate needs. • Azure is more OpenAI-centric and less Anthropic-centric, and recently Anthropic has been out-executing OpenAI. Azure does not just serve OpenAI and is a trusted partner of many of the largest organisations globally. We expect Azure to deliver strong growth, and sound returns on its massive capital expenditure.
#fund #international
In its Q2 2026 investor letter, L1 Capital International Fund highlighted Microsoft Corporation (NASDAQ:MSFT). Microsoft Corporation (NASDAQ:MSFT) is a multinational software company that develops and supports software, services, devices, and solutions, holding dominant positions in software, cloud infrastructure, generative AI, and gaming. On July 17, 2026, Microsoft Corporation (NASDAQ:MSFT) closed at $393.82 per share. One-month return of Microsoft Corporation (NASDAQ:MSFT) was 7.21%, and its shares lost 22.79% over the past 52 weeks. Microsoft Corporation (NASDAQ:MSFT) has a market capitalization of $2.93 trillion.
L1 Capital International Fund stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its Q2 2026 investor update:
"Particularly attentive long-term followers of the Fund may have noticed that Microsoft Corporation (NASDAQ:MSFT) is no longer among the top 10 holdings. We have rebalanced the portfolio weights between Alphabet and Microsoft. We remain comfortable with the Azure hyperscaler business of Microsoft, although we believe the business may be less well positioned compared to Alphabet's GCP and Amazon's AWS hyperscaler businesses:
• Microsoft is behind in developing its own chips (GPUs, CPUs, ASICs) to support AI workloads at lower cost and reduce reliance on Nvidia. • Previously, Azure pulled back on some data centre investments and is now capacity constrained and more dependent on neocloud capacity for immediate needs. • Azure is more OpenAI-centric and less Anthropic-centric, and recently Anthropic has been out-executing OpenAI. Azure does not just serve OpenAI and is a trusted partner of many of the largest organisations globally. We expect Azure to deliver strong growth, and sound returns on its massive capital expenditure.
#fund #international
7 days ago
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#please #believe #automation #tools
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8 days ago
Taiwan Semiconductor Manufacturing (TSM) reported second-quarter earnings Thursday. And while the market seemed to shrug off a very solid earnings report, the company announced its plan to invest another $100 billion in its foundries in Arizona.
The declaration, made during the company's earnings call with ***** ysts, brings TSMC's total investment in Arizona to $265 billion in up to 12 separate facilities.
Alibaba Stock Just Got Apple's Biggest AI Endorsement. This Could Be a Game Changer for BABA.
Elon Musk Says If ***** eX Accomplishes Its Goals, 'It Will Be Worth More Than The Rest of Earth' — Though He's Also Said 'Money Will Stop Being Relevant'
AI Bubble Fears, Earnings and Other Can't Miss Items this Week
The declaration, made during the company's earnings call with ***** ysts, brings TSMC's total investment in Arizona to $265 billion in up to 12 separate facilities.
Alibaba Stock Just Got Apple's Biggest AI Endorsement. This Could Be a Game Changer for BABA.
Elon Musk Says If ***** eX Accomplishes Its Goals, 'It Will Be Worth More Than The Rest of Earth' — Though He's Also Said 'Money Will Stop Being Relevant'
AI Bubble Fears, Earnings and Other Can't Miss Items this Week
8 days ago
Gen Z has made a different kind of text feel normal: "Can't do dinner this month, saving up the extra cash." They don't bother with an excuse — they just tell you what their money is doing and what they can't do because of it.
That text has a name now, and the name started as a joke.
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
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
That text has a name now, and the name started as a joke.
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
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
8 days ago
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
On July 6, Bitcoin dropped more than 2% after Strategy (NASDAQ:MSTR) — a corporate buyer of Bitcoin — disclosed in a regulatory filing (1) that it had sold about $216 million worth of the cryptocurrency.
That's the second time this year the company has sold some of its Bitcoin reserves — a complete reversal of its former "never sell" approach. Strategy posted a $12.54 billion net loss (2) in the first quarter of this year as the price of Bitcoin slumped.
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
JPMorgan still sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold
On July 6, Bitcoin dropped more than 2% after Strategy (NASDAQ:MSTR) — a corporate buyer of Bitcoin — disclosed in a regulatory filing (1) that it had sold about $216 million worth of the cryptocurrency.
That's the second time this year the company has sold some of its Bitcoin reserves — a complete reversal of its former "never sell" approach. Strategy posted a $12.54 billion net loss (2) in the first quarter of this year as the price of Bitcoin slumped.
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
JPMorgan still sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold
9 days ago
Almost half of Americans are holding onto medical debt, according to a 2022 poll (1) from KFF.
And many of them report struggling to keep up with those bills, letting them slip past due or into collections. Others still said they'd gone to family and friends or even used credit cards to foot the bill for medical expenses. And having insurance is no protection from medical expenses, when you factor in premiums, deductibles, co-pays and uncovered expenses.
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
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
And many of them report struggling to keep up with those bills, letting them slip past due or into collections. Others still said they'd gone to family and friends or even used credit cards to foot the bill for medical expenses. And having insurance is no protection from medical expenses, when you factor in premiums, deductibles, co-pays and uncovered expenses.
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
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
9 days ago
Technology, Media, and Telecom stocks now control nearly half the S&P 500, sitting 9 points above the dot-com bubble's peak concentration.
Tech sector capex surged 876% since 2019, raising free cash flow pressure concerns for Alphabet, Amazon, Apple, Meta, and Microsoft through 2028.
Non-tech S&P 500 companies project 13.2% EPS growth in 2026 and carry the financial flexibility to pursue buybacks, dividends, and acquisitions.
Don't wait: the ****** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
The S&P 500 has never looked more like a technology index wearing a broader-market label. Technology, Media, and Telecom (TMT) companies account for nearly half of the index's total market capitalization -- roughly 9 percentage points higher than the peak reached during the dot-com bubble and about 20 percentage points above the levels seen during the late 1960s.
Tech sector capex surged 876% since 2019, raising free cash flow pressure concerns for Alphabet, Amazon, Apple, Meta, and Microsoft through 2028.
Non-tech S&P 500 companies project 13.2% EPS growth in 2026 and carry the financial flexibility to pursue buybacks, dividends, and acquisitions.
Don't wait: the ****** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
The S&P 500 has never looked more like a technology index wearing a broader-market label. Technology, Media, and Telecom (TMT) companies account for nearly half of the index's total market capitalization -- roughly 9 percentage points higher than the peak reached during the dot-com bubble and about 20 percentage points above the levels seen during the late 1960s.
10 days ago
More young adults — and even those in middle age — are still reliant on their aging parents for money, whether it's paying for college or helping them with a down payment on their first home.
Of parents with Gen Z kids, almost two-thirds (64%) say their kids still rely on them financially, according to the 2026 Wells Fargo Money Study (1).
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
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
Of parents with Gen Z kids, almost two-thirds (64%) say their kids still rely on them financially, according to the 2026 Wells Fargo Money Study (1).
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
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
10 days ago
ExxonMobil (NYSE: XOM) provided additional information about its second-quarter operations to help Wall Street prepare for its actual earnings release. That isn't a normal event, but then these aren't normal times in the energy sector. Here's what investors need to know.
The geopolitical conflict in the Middle East broke out late in the first quarter. The price of oil rocketed higher, but the financial benefit was minimal in the first quarter. The second quarter will see most of the impact from the energy price spike caused by the conflict. Exxon's pre-earnings update is meant to clarify the potential impact, with some estimates suggesting it could add as much as $5 billion to the company's bottom line.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
That said, investors need to take the update with a grain of salt. Oil prices have already fallen materially from their peak levels. So the second-quarter benefit could be huge, but at this point it is hard to get a read on what that might mean for the third quarter. This speaks to the real issue investors need to keep in mind when they buy an energy stock like ExxonMobil.
The current geopolitical conflict is headline-grabbing, so investors are closely watching its impact on oil and natural gas prices. However, the energy sector has a long history of volatility. The current price swing isn't an outlier; it is the norm. That means that Exxon's earnings swing isn't abnormal, either. It is just par for the course.
The geopolitical conflict in the Middle East broke out late in the first quarter. The price of oil rocketed higher, but the financial benefit was minimal in the first quarter. The second quarter will see most of the impact from the energy price spike caused by the conflict. Exxon's pre-earnings update is meant to clarify the potential impact, with some estimates suggesting it could add as much as $5 billion to the company's bottom line.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
That said, investors need to take the update with a grain of salt. Oil prices have already fallen materially from their peak levels. So the second-quarter benefit could be huge, but at this point it is hard to get a read on what that might mean for the third quarter. This speaks to the real issue investors need to keep in mind when they buy an energy stock like ExxonMobil.
The current geopolitical conflict is headline-grabbing, so investors are closely watching its impact on oil and natural gas prices. However, the energy sector has a long history of volatility. The current price swing isn't an outlier; it is the norm. That means that Exxon's earnings swing isn't abnormal, either. It is just par for the course.
11 days ago
AtaiBeckley (NASDAQ:ATAI), a clinical-stage mental health and psychedelic drug developer, closed at $7.15, up 33.4%. Eli Lilly's (NYSE:LLY) announced acquisition drove the move, and investors are watching the deal terms and closing process. Trading volume reached 164.9M shares, coming in about 1,494% above its three-month average of 10.3M shares. AtaiBeckley IPO'd in 2021 and has fallen 64% since going public.
The S&P 500 (SNPINDEX:^GSPC) fell 0.50% to 7,535, and the Nasdaq Composite (NASDAQINDEX:^IXIC) fell 1.47% to 25,882. Among clinical-stage biopharmaceuticals focused on mental health and psychedelic therapeutics, COMPASS Pathways (NASDAQ:CMPS) fell 6.61% to $12.43, while broader psychedelics sentiment stayed tied to AtaiBeckley's Lilly deal.
Pharmaceutical behemoth Eli Lilly acquired AtaiBeckley in a purchase worth up to $3.8 billion today, sending the latter's shares 34% higher. The deal consists of $6.75 in cash per ATAI share, as well as $2.50 in contingent value rights (CVRs) tied to two of AtaiBeckley's treatments meeting certain milestones over the next four, five, and seven years.
Thanks to the value of these CVRs, ATAI's $7.15 share price currently sits above the $6.75 cash portion of the deal, suggesting the market sees potential in AtaiBeckley's psychedelic treatments reaching their various milestones. AtaiBeckley offers DMT and other psychedelic treatments for depression, anxiety, and opioid use disorder, and has seen its stock double over the last year thanks to today's deal and the Trump administration's positive outlook on psychedelic-based treatments.
Before you buy stock in AtaiBeckley, consider this:
The S&P 500 (SNPINDEX:^GSPC) fell 0.50% to 7,535, and the Nasdaq Composite (NASDAQINDEX:^IXIC) fell 1.47% to 25,882. Among clinical-stage biopharmaceuticals focused on mental health and psychedelic therapeutics, COMPASS Pathways (NASDAQ:CMPS) fell 6.61% to $12.43, while broader psychedelics sentiment stayed tied to AtaiBeckley's Lilly deal.
Pharmaceutical behemoth Eli Lilly acquired AtaiBeckley in a purchase worth up to $3.8 billion today, sending the latter's shares 34% higher. The deal consists of $6.75 in cash per ATAI share, as well as $2.50 in contingent value rights (CVRs) tied to two of AtaiBeckley's treatments meeting certain milestones over the next four, five, and seven years.
Thanks to the value of these CVRs, ATAI's $7.15 share price currently sits above the $6.75 cash portion of the deal, suggesting the market sees potential in AtaiBeckley's psychedelic treatments reaching their various milestones. AtaiBeckley offers DMT and other psychedelic treatments for depression, anxiety, and opioid use disorder, and has seen its stock double over the last year thanks to today's deal and the Trump administration's positive outlook on psychedelic-based treatments.
Before you buy stock in AtaiBeckley, consider this:
11 days ago
Wedgewood Partners, an investment management company, released its first-quarter 2026 investor letter. A copy of the letter can be downloaded here. Wedgewood Composite delivered a net return of 9.4% in the second quarter compared to 15.2% for the Standard & Poor's 500 Index, 16.7% for the Russell 1000 Growth Index, and 13.9% for the Russell 1000 Value Index. The firm is optimistic about the long-term growth of hyperscalers and has increased its investments in this sector, citing their significant earnings potential and crucial role in AI adoption. Capital has also been redirected towards technology hardware stocks, especially semiconductors, which now make up a larger share of the S&P 500 Index. Semiconductor stocks have benefited from hyperscalers' spending, but the firm expresses caution about cyclical risk and volatility. However, the momentum-driven market negatively affected the Wedgewood fund's high-quality stocks, leading to a 25% return over the past 15 months, significantly underperforming the 90% gain of the S&P 500 Momentum ETF (SPMO). In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Wedgewood Partners highlighted Apple Inc. (NASDAQ:AAPL). Apple Inc. (NASDAQ:AAPL) is a leading multinational technology company that manufactures and markets smartphones, personal computers, tablets, wearables, and accessories. On July 16, 2026, Apple Inc. (NASDAQ:AAPL) closed at $333.26 per share. One-month return of Apple Inc. (NASDAQ:AAPL) was 11.83%, and its shares gained 57.81% over the past 52 weeks. Apple Inc. (NASDAQ:AAPL) has a market capitalization of $4.89 trillion.
Wedgewood Partners stated the following regarding Apple Inc. (NASDAQ:AAPL) in its Q2 2026 investor update:
"Top performance contributors for the second quarter include Taiwan Semiconductor Manufacturing, Alphabet, United Rentals, Apple Inc. (NASDAQ:AAPL), and Visa.
Apple was also a top contributor to performance during the quarter. Revenues grew 17%, driven by 22% growth in iPhone and 16% growth in services. The iPhone 17 family has catalyzed a solid upgrade cycle ahead of what we expect to be another strong launch later this year, featuring a new foldable form factor. Because input prices for DRAM have risen at a parabolic rate, the Company recently raised prices on some of its devices to pass these costs through. As one of the largest single purchasers of DRAM, the Company has strong negotiating leverage, but it can also implement hardware and software innovations to reduce its dependence on memory."
In its Q2 2026 investor letter, Wedgewood Partners highlighted Apple Inc. (NASDAQ:AAPL). Apple Inc. (NASDAQ:AAPL) is a leading multinational technology company that manufactures and markets smartphones, personal computers, tablets, wearables, and accessories. On July 16, 2026, Apple Inc. (NASDAQ:AAPL) closed at $333.26 per share. One-month return of Apple Inc. (NASDAQ:AAPL) was 11.83%, and its shares gained 57.81% over the past 52 weeks. Apple Inc. (NASDAQ:AAPL) has a market capitalization of $4.89 trillion.
Wedgewood Partners stated the following regarding Apple Inc. (NASDAQ:AAPL) in its Q2 2026 investor update:
"Top performance contributors for the second quarter include Taiwan Semiconductor Manufacturing, Alphabet, United Rentals, Apple Inc. (NASDAQ:AAPL), and Visa.
Apple was also a top contributor to performance during the quarter. Revenues grew 17%, driven by 22% growth in iPhone and 16% growth in services. The iPhone 17 family has catalyzed a solid upgrade cycle ahead of what we expect to be another strong launch later this year, featuring a new foldable form factor. Because input prices for DRAM have risen at a parabolic rate, the Company recently raised prices on some of its devices to pass these costs through. As one of the largest single purchasers of DRAM, the Company has strong negotiating leverage, but it can also implement hardware and software innovations to reduce its dependence on memory."
12 days ago
Golden, Colorado-based Molson Coors Beverage Company (TAP) manufactures, markets, and sells beer and other malt beverage products under various brands. Valued at $7.5 billion by market cap, TAP produces many beloved and iconic beer brands including Coors Light, Miller Lite, Madri, Staropramen, Miller High Life and Keystone, and more. The brewing giant is expected to announce its fiscal second-quarter earnings for 2026 before the market opens on Thursday, Aug. 6.
Ahead of the event, ******* ysts expect TAP to report a profit of $1.52 per share on a diluted basis, down 25.9% from $2.05 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
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Ahead of the event, ******* ysts expect TAP to report a profit of $1.52 per share on a diluted basis, down 25.9% from $2.05 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
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13 days 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.
Successfully transitioned from 95% electric vehicle silicon carbide revenue to 95% non-EV revenue, primarily driven by AI processors and data center infrastructure.
AI processor wafer-level burn-in emerged as the fastest-growing segment, representing approximately 71% of total annual revenue due to increased capacity needs from lead customers.
Achieved a critical technical milestone by completing benchmark testing for a top-tier AI processor supplier, demonstrating results superior to traditional package-level testing.
Silicon photonics demand is accelerating as AI data center architectures shift toward optical I/O and high-speed interconnects, shortening the sales cycle for new networking customers.
Successfully transitioned from 95% electric vehicle silicon carbide revenue to 95% non-EV revenue, primarily driven by AI processors and data center infrastructure.
AI processor wafer-level burn-in emerged as the fastest-growing segment, representing approximately 71% of total annual revenue due to increased capacity needs from lead customers.
Achieved a critical technical milestone by completing benchmark testing for a top-tier AI processor supplier, demonstrating results superior to traditional package-level testing.
Silicon photonics demand is accelerating as AI data center architectures shift toward optical I/O and high-speed interconnects, shortening the sales cycle for new networking customers.
14 days ago
Alphabet Inc. (NASDAQ:GOOGL) was among Jim Cramer's stock calls on Mad Money, as he advised investors to stick with the largest tech companies in the market. Cramer highlighted the company's position in the AI race, as he commented:
How about Google? Alright, now, they raised a ton of money recently and basically capped the terrific rally in their stock. In the old days, everyone loved Google because it was spewing cash. Now, it seems like it's trying to raise any amount of money that it can just to stay in the AI rat race with the other Magnificent Seven. But wait one minute. Sure, there's a race to get market share in what seems like an increasingly commoditized market with ChatGPT, Claude, Grok, Perplexity, Gemini. It's entirely possible that we only will have one winner in this whole game, and if that's the case, it's going to be Google because of Gemini.
Why? Because it's a default on Apple's installed base of 2.5 billion devices. If I were at Alphabet, all I'd be thinking about is how to make the best product for Apple, how to please them, how to come up with a better Siri. That was enough to wipe out all comers once before with Google search. Now, it could be the same with Gemini. Meanwhile, we no longer spend much time pondering the worth of YouTube and Waymo. Ridiculous. Do you know that YouTube may be the most profitable large-scale business ever invented? And all we care about is Google spending money in another place.
Photo by Kai Wenzel on Unsplash
Alphabet Inc. (NASDAQ:GOOGL) provides technology-related products and services, including search, advertising, cloud computing, AI tools, and digital content platforms such as YouTube and Google Play.
How about Google? Alright, now, they raised a ton of money recently and basically capped the terrific rally in their stock. In the old days, everyone loved Google because it was spewing cash. Now, it seems like it's trying to raise any amount of money that it can just to stay in the AI rat race with the other Magnificent Seven. But wait one minute. Sure, there's a race to get market share in what seems like an increasingly commoditized market with ChatGPT, Claude, Grok, Perplexity, Gemini. It's entirely possible that we only will have one winner in this whole game, and if that's the case, it's going to be Google because of Gemini.
Why? Because it's a default on Apple's installed base of 2.5 billion devices. If I were at Alphabet, all I'd be thinking about is how to make the best product for Apple, how to please them, how to come up with a better Siri. That was enough to wipe out all comers once before with Google search. Now, it could be the same with Gemini. Meanwhile, we no longer spend much time pondering the worth of YouTube and Waymo. Ridiculous. Do you know that YouTube may be the most profitable large-scale business ever invented? And all we care about is Google spending money in another place.
Photo by Kai Wenzel on Unsplash
Alphabet Inc. (NASDAQ:GOOGL) provides technology-related products and services, including search, advertising, cloud computing, AI tools, and digital content platforms such as YouTube and Google Play.
14 days ago
ICICI Bank Ltd (NYSE:IBN) is one of the top bank stocks to buy now according to ******* ysts. The Street has a consensus Buy rating on the stock and projects an 11% upside to the current price. A total of 37 hedge funds and 15 billionaires are backing ICICI Bank stock.
ICICI Bank Ltd (NYSE:IBN) has teamed up with TPG and others to acquire Aseem Infrastructure Finance, a leading provider of loans to fund sustainable infrastructure projects in India. According to a July 6 press statement, ICICI Bank will hold up to a 5% stake in Aseem.
Aseem has disbursed roughly $4.2 billion in loans to finance various projects. These include 27-GW renewable energy projects and roughly 2,000 kilometers of power transmission projects. With India targeting to reach 500 GW of renewable energy capacity by 2030, ICICI Bank and TPG see Aseem as uniquely positioned to address the country's climate solutions financing needs.
ICICI Bank aims to raise at least $500 million in fresh capital as it looks to secure a stake in Aseem. On July 3, Bloomberg reported that the bank was in talks to raise capital through offshore dollar bonds.
ICICI Bank Ltd (NYSE:IBN) is an Indian multinational bank and financial services group headquartered in Mumbai. It provides retail and corporate banking, investment banking, wealth management, and insurance. The group operates an extensive network of local branches and ATM locations.
ICICI Bank Ltd (NYSE:IBN) has teamed up with TPG and others to acquire Aseem Infrastructure Finance, a leading provider of loans to fund sustainable infrastructure projects in India. According to a July 6 press statement, ICICI Bank will hold up to a 5% stake in Aseem.
Aseem has disbursed roughly $4.2 billion in loans to finance various projects. These include 27-GW renewable energy projects and roughly 2,000 kilometers of power transmission projects. With India targeting to reach 500 GW of renewable energy capacity by 2030, ICICI Bank and TPG see Aseem as uniquely positioned to address the country's climate solutions financing needs.
ICICI Bank aims to raise at least $500 million in fresh capital as it looks to secure a stake in Aseem. On July 3, Bloomberg reported that the bank was in talks to raise capital through offshore dollar bonds.
ICICI Bank Ltd (NYSE:IBN) is an Indian multinational bank and financial services group headquartered in Mumbai. It provides retail and corporate banking, investment banking, wealth management, and insurance. The group operates an extensive network of local branches and ATM locations.
15 days ago
China's crude oil imports crashed to a decade-low in June as the reduced flows through the Strait of Hormuz hiked oil prices and reduced refiners' appetite for costly crude.
Overall Chinese imports of crude oil plunged by 41.3% in June from a year earlier, to just 29.27 million tons, or 7.12 million barrels per day (bpd), according to official Chinese customs data released on Tuesday.
The June volumes hit a decade low as they were at their lowest level since October 2016, according to the data series.
Chinese crude oil imports extended the decline from May, falling by another 12% in June from the prior month.
Imports in May had crashed to an eight-year low, and further slid in June to a decade-low.
Overall Chinese imports of crude oil plunged by 41.3% in June from a year earlier, to just 29.27 million tons, or 7.12 million barrels per day (bpd), according to official Chinese customs data released on Tuesday.
The June volumes hit a decade low as they were at their lowest level since October 2016, according to the data series.
Chinese crude oil imports extended the decline from May, falling by another 12% in June from the prior month.
Imports in May had crashed to an eight-year low, and further slid in June to a decade-low.
15 days ago
Grok seems to be losing steam at a really sensitive moment, giving up ground to rivals. Just weeks after **** eX's (SPCX) landmark IPO pushed the company into public markets at a huge valuation, its flagship chatbot's MAUs are down 5% quarter-over-quarter (QOQ) so far in Q2. That kind of drop naturally puts a shadow over the big growth story that helped get investors excited.
SpaceX did everything right on day one, jumping onto Nasdaq 100 Index ($NDXT) and quickly landing in major indices like the Russell 1000 Index. The move to fold xAI into the business and lean heavily on Grok as a key pillar now faces tougher questions, especially with clear signs that its momentum is slowing.
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15 days ago
LEIXLIP, Ireland, July 13 (Reuters) - Intel has begun a €5 billion ($5.7 billion) capital investment at its Irish campus to expand its manufacturing output in Europe and meet growing global demand for AI and high-performance computing, the U.S. chipmaker said on Monday.
Intel said the move would maximize capacity at its European manufacturing base in Leixlip outside Dublin, expanding current production output, advancing research and development activities and utilising capacity across existing cleanroom space.
Intel is one of the key multinationals in Ireland's foreign investment-focused economy, having already invested €30 billion in the country since 1989, more than half of which was spent between 2019 and 2023 to double capacity at the plant in order to produce the company's most advanced process technologies.
The chipmaker, which employs 4,900 people in Ireland, said its latest capital expenditure programme at the Leixlip campus began earlier this year.
The investment will upgrade existing fabrication facilities and the install leading-edge manufacturing equipment to deliver Intel Xeon 6 processors and next generation Intel Xeon built on the group's Intel 3 manufacturing process, the company said.
Intel said the move would maximize capacity at its European manufacturing base in Leixlip outside Dublin, expanding current production output, advancing research and development activities and utilising capacity across existing cleanroom space.
Intel is one of the key multinationals in Ireland's foreign investment-focused economy, having already invested €30 billion in the country since 1989, more than half of which was spent between 2019 and 2023 to double capacity at the plant in order to produce the company's most advanced process technologies.
The chipmaker, which employs 4,900 people in Ireland, said its latest capital expenditure programme at the Leixlip campus began earlier this year.
The investment will upgrade existing fabrication facilities and the install leading-edge manufacturing equipment to deliver Intel Xeon 6 processors and next generation Intel Xeon built on the group's Intel 3 manufacturing process, the company said.
16 days ago
Navan Inc. (NASDAQ:NAVN) is one of the best up and coming tech stocks to buy now. On June 18, Navan announced a definitive agreement to acquire Smartrips, a prominent Brazilian travel management company. This marks Navan's first acquisition as a public company, designed to strengthen its presence in Latin America and capture a larger share of the region's significant corporate travel market.
The integration will allow Navan to consolidate travel and expense management for Brazilian operations directly onto its AI-powered platform. By combining Navan's global technology with Smartrips' local expertise and supplier relationships, the company aims to provide a unified experience for global enterprises operating within Brazil.
photo by Business-laptop-campaign-creators on Unsplash
Brazil currently accounts for approximately 40% of Latin American business travel spend, making it a critical market for Navan Inc.'s (NASDAQ:NAVN) expansion. This acquisition follows the company's established strategy of integrating market-leading local operators to scale its enterprise-grade services into new geographies.
Navan Inc. (NASDAQ:NAVN) operates an AI-powered software platform for travel and expense management.
The integration will allow Navan to consolidate travel and expense management for Brazilian operations directly onto its AI-powered platform. By combining Navan's global technology with Smartrips' local expertise and supplier relationships, the company aims to provide a unified experience for global enterprises operating within Brazil.
photo by Business-laptop-campaign-creators on Unsplash
Brazil currently accounts for approximately 40% of Latin American business travel spend, making it a critical market for Navan Inc.'s (NASDAQ:NAVN) expansion. This acquisition follows the company's established strategy of integrating market-leading local operators to scale its enterprise-grade services into new geographies.
Navan Inc. (NASDAQ:NAVN) operates an AI-powered software platform for travel and expense management.
