16 hours ago
USA Rare Earth, Inc. (NASDAQ:USAR) announced on September 4 that it completed the Serra Verde acquisition one day earlier, paying $300 million in cash and issuing approximately 126.8 million common shares. The transaction adds Brazil's Pela Ema mine to Less Common Metals in the United Kingdom, the Stillwater, Oklahoma, magnet facility, and the Round Top project in Texas.
Serra Verde began production in January 2024 but is still completing optimization and commissioning. Stage 1 is expected to reach an annual run rate of approximately 4,000 metric tons of total rare-earth oxide, or TREO, by year-end 2026. Stage 2 construction targets average annual production of 6,400 metric tons, with commissioning expected to begin within 12 months.
Serra Verde had $425 million of principal outstanding under its U.S. International Development Finance Corporation loan at June 30. At closing, a $100 million tranche was extinguished after related warrants were exercised, leaving approximately $325 million of principal. The unaudited pro forma combined balance sheet reported a $304.1 million debt carrying value after discounts and issuance costs.
Serra Verde gives USA Rare Earth, Inc. (NASDAQ:USAR) a producing source of dysprosium, terbium, and other rare earths used in permanent magnets. Combining mining, metals, alloys, and magnet manufacturing could capture more of the value chain outside Asia.
The Phase 1 offtake agreement supports revenue visibility. It covers 100% of Pela Ema's Phase 1 products, subject to limited carve-outs, and includes escalating price floors annually. The counterparty is a special-purpose vehicle capitalized by the U.S. government and private investors. The arrangement provides contractual price protection, subject to the counterparty's performance.
#earth #approximately #NASDAQ #usar
Serra Verde began production in January 2024 but is still completing optimization and commissioning. Stage 1 is expected to reach an annual run rate of approximately 4,000 metric tons of total rare-earth oxide, or TREO, by year-end 2026. Stage 2 construction targets average annual production of 6,400 metric tons, with commissioning expected to begin within 12 months.
Serra Verde had $425 million of principal outstanding under its U.S. International Development Finance Corporation loan at June 30. At closing, a $100 million tranche was extinguished after related warrants were exercised, leaving approximately $325 million of principal. The unaudited pro forma combined balance sheet reported a $304.1 million debt carrying value after discounts and issuance costs.
Serra Verde gives USA Rare Earth, Inc. (NASDAQ:USAR) a producing source of dysprosium, terbium, and other rare earths used in permanent magnets. Combining mining, metals, alloys, and magnet manufacturing could capture more of the value chain outside Asia.
The Phase 1 offtake agreement supports revenue visibility. It covers 100% of Pela Ema's Phase 1 products, subject to limited carve-outs, and includes escalating price floors annually. The counterparty is a special-purpose vehicle capitalized by the U.S. government and private investors. The arrangement provides contractual price protection, subject to the counterparty's performance.
#earth #approximately #NASDAQ #usar
23 hours ago
By Aditya Kalra
NEW DELHI, Sept 9 (Reuters) - India's Serious Fraud Office has recommended Xiaomi be investigated for alleged irregularities in its business model and compliance with foreign investment law, potentially intensifying scrutiny of the smartphone maker, a government document shows.
China's Xiaomi was once India's top-selling smartphone brand but has seen its market share dwindle amid intense competition from Apple and Samsung. It is also battling several tax demands and royalty payment disputes.
The recommendation from India's Serious Fraud Investigation Office (SFIO) said the investigation should examine movement of funds and whether Xiaomi sought mandatory investment approvals as required after India tightened scrutiny of Chinese investments following deadly border clashes between the two nations in 2020.
A person familiar with the matter said the government is examining the memorandum, which was drafted in May and reviewed by Reuters.
#serious #fraud #investigation #investment
NEW DELHI, Sept 9 (Reuters) - India's Serious Fraud Office has recommended Xiaomi be investigated for alleged irregularities in its business model and compliance with foreign investment law, potentially intensifying scrutiny of the smartphone maker, a government document shows.
China's Xiaomi was once India's top-selling smartphone brand but has seen its market share dwindle amid intense competition from Apple and Samsung. It is also battling several tax demands and royalty payment disputes.
The recommendation from India's Serious Fraud Investigation Office (SFIO) said the investigation should examine movement of funds and whether Xiaomi sought mandatory investment approvals as required after India tightened scrutiny of Chinese investments following deadly border clashes between the two nations in 2020.
A person familiar with the matter said the government is examining the memorandum, which was drafted in May and reviewed by Reuters.
#serious #fraud #investigation #investment
2 days ago
Signet Jewelers early Wednesday easily beat fiscal second-quarter earnings estimates and guided higher for the full year. Shares of the long-term laggard surged in morning trade.
For its second fiscal quarter, Signet Jewelers (SIG) reported adjusted earnings per share of $2.19, up 36% vs. a year earlier and handily beating **** ysts' expectations of $1.74, reflecting improved margins. Sales of $1.53 billion were in line with views and a fraction below the $1.54 a year earlier.
The owner of Kay Jewelers, Zales and Jared now eyes 2027 adjusted EPS of $10.45 to $12.15, up from its prior target range of $9.20 to $11. It still sees sales of $6.7 billion to $6.9 billion. **** ysts' expect $10.82 in adjusted EPS on revenue of $6.84 billion.
Signet also announced plans for a $125 million accelerated share repurchase deal "this month."
"We are raising our full year adjusted EPS guidance by over 10% to reflect year-to-date operating performance, additional share repurchases, refunds of tariffs previously paid, and the terms of the new consumer credit agreement," said COO and CFO Joan Hilson.
#year #second
For its second fiscal quarter, Signet Jewelers (SIG) reported adjusted earnings per share of $2.19, up 36% vs. a year earlier and handily beating **** ysts' expectations of $1.74, reflecting improved margins. Sales of $1.53 billion were in line with views and a fraction below the $1.54 a year earlier.
The owner of Kay Jewelers, Zales and Jared now eyes 2027 adjusted EPS of $10.45 to $12.15, up from its prior target range of $9.20 to $11. It still sees sales of $6.7 billion to $6.9 billion. **** ysts' expect $10.82 in adjusted EPS on revenue of $6.84 billion.
Signet also announced plans for a $125 million accelerated share repurchase deal "this month."
"We are raising our full year adjusted EPS guidance by over 10% to reflect year-to-date operating performance, additional share repurchases, refunds of tariffs previously paid, and the terms of the new consumer credit agreement," said COO and CFO Joan Hilson.
#year #second
2 days ago
MongoDB, Inc. (NASDAQ:MDB) reported fiscal second-quarter revenue of $771.8 million, up 30% year over year. Atlas revenue increased approximately 29% to $565.9 million, while Enterprise Advanced and other revenue rose approximately 36% to $181.2 million.
Remaining performance obligations, or RPO, increased 91% to $1.52 billion. RPO represents the aggregate transaction price in contracts allocated to performance obligations not delivered or partially undelivered. MongoDB, Inc. (NASDAQ:MDB) omits contracts lasting 12 months or less from the disclosure. Current RPO, the portion expected to be recognized within 12 months, increased 73% to $797.3 million.
GAAP operating income reached $28.4 million, compared with a $65.3 million loss a year earlier. MongoDB, Inc. (NASDAQ:MDB) also raised fiscal 2027 revenue guidance to $2.99 billion to $3.03 billion from $2.92 billion to $2.96 billion, with the second-half increase attributed mainly to Atlas.
Growth was broad. Atlas expanded 29%, while Enterprise Advanced and other revenue grew faster at 36%. Total customers increased to more than 70,600 from more than 59,900 a year earlier, and Atlas customers reached more than 69,300.
The margin profile also improved. GAAP gross margin expanded to 74% from 71%, while revenue growth outpaced operating-expense growth enough to produce positive GAAP operating income. This shows MongoDB, Inc. (NASDAQ:MDB) can scale infrastructure, research and sales costs more slowly than revenue.
#million #mongodb #NASDAQ #gaap
Remaining performance obligations, or RPO, increased 91% to $1.52 billion. RPO represents the aggregate transaction price in contracts allocated to performance obligations not delivered or partially undelivered. MongoDB, Inc. (NASDAQ:MDB) omits contracts lasting 12 months or less from the disclosure. Current RPO, the portion expected to be recognized within 12 months, increased 73% to $797.3 million.
GAAP operating income reached $28.4 million, compared with a $65.3 million loss a year earlier. MongoDB, Inc. (NASDAQ:MDB) also raised fiscal 2027 revenue guidance to $2.99 billion to $3.03 billion from $2.92 billion to $2.96 billion, with the second-half increase attributed mainly to Atlas.
Growth was broad. Atlas expanded 29%, while Enterprise Advanced and other revenue grew faster at 36%. Total customers increased to more than 70,600 from more than 59,900 a year earlier, and Atlas customers reached more than 69,300.
The margin profile also improved. GAAP gross margin expanded to 74% from 71%, while revenue growth outpaced operating-expense growth enough to produce positive GAAP operating income. This shows MongoDB, Inc. (NASDAQ:MDB) can scale infrastructure, research and sales costs more slowly than revenue.
#million #mongodb #NASDAQ #gaap
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4 days ago
Oracle (ORCL) has enough on its plate heading into earnings week. Now Brussels wants a word.
European antitrust regulators are quietly examining how Oracle licenses its software, and the timing could hardly be more inconvenient for shareholders.
The stock trades near $158.78, down about 19% so far in 2026 and roughly 54% below its 52-week high of $345.72.
Investors were already nervous about Oracle's debt-heavy artificial intelligence (AI) buildout. This regulatory question adds to the list of worries.
The European Commission is gathering information from Oracle's customers and rivals to decide whether its cloud software terms unfairly lock clients in, Reuters reported.
#european #enough
European antitrust regulators are quietly examining how Oracle licenses its software, and the timing could hardly be more inconvenient for shareholders.
The stock trades near $158.78, down about 19% so far in 2026 and roughly 54% below its 52-week high of $345.72.
Investors were already nervous about Oracle's debt-heavy artificial intelligence (AI) buildout. This regulatory question adds to the list of worries.
The European Commission is gathering information from Oracle's customers and rivals to decide whether its cloud software terms unfairly lock clients in, Reuters reported.
#european #enough
4 days ago
Synopsys (SNPS), a leading provider of software used to design, verify, and test semiconductor chips, remains one of the most dominant players in electronic design automation (EDA). Its EDA software and semiconductor intellectual property (IP) solutions play a critical role in the development of increasingly sophisticated chips.
Moreover, the company has expanded its capabilities with its approximately $35 billion acquisition of Ansys, bringing semiconductor design and engineering simulation under one roof. However, the integration has also brought restructuring and workforce reductions.
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#Stock #synopsys
Moreover, the company has expanded its capabilities with its approximately $35 billion acquisition of Ansys, bringing semiconductor design and engineering simulation under one roof. However, the integration has also brought restructuring and workforce reductions.
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#Stock #synopsys
5 days ago
CrowdStrike (CRWD) looks like one of the strongest growth stories in cybersecurity right now. It had a lot to prove in the fiscal second-quarter earnings. The company delivered on all three numbers that I flagged ahead of the Q2 print, and in some cases it did much better than expected. And the stock's massive 90% gains so far this year reflect that outstanding performance.
With a market cap of $220 billion, CrowdStrike is a cloud-based cybersecurity company best known for its Falcon platform. The company helps businesses protect endpoints, cloud workloads, identities, and other parts of their technology infrastructure from cyber threats.
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#Stock #company #Cybersecurity
With a market cap of $220 billion, CrowdStrike is a cloud-based cybersecurity company best known for its Falcon platform. The company helps businesses protect endpoints, cloud workloads, identities, and other parts of their technology infrastructure from cyber threats.
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#Stock #company #Cybersecurity
5 days ago
Few retail chains that filled malls in the 1980s and 1990s still exist today.
Teenage me could have shopped at Chess King for shiny shirts, visited Gadzooks for baggy pants, or gone a little classier and purchased dressier clothes at Structure. All of those chains were fairly, if not very, popular for a minute, and none of them exist now.
Former Tory Burch Chief Client Officer Francesca Danzi told Forbes that it's a major challenge for a brand to remain relevant across decades.
"Enhancing retail experience is key and goes beyond adding omnichannel capabilities that boost convenience. We are witnessing the rise of experiential retail that is reshaping the store of the future," she said.
Danzi does not see the so-called retail apocalypse as a crisis where stores are closing, but as an opportunity to right-size store portfolios.
#danzi #chains #store
Teenage me could have shopped at Chess King for shiny shirts, visited Gadzooks for baggy pants, or gone a little classier and purchased dressier clothes at Structure. All of those chains were fairly, if not very, popular for a minute, and none of them exist now.
Former Tory Burch Chief Client Officer Francesca Danzi told Forbes that it's a major challenge for a brand to remain relevant across decades.
"Enhancing retail experience is key and goes beyond adding omnichannel capabilities that boost convenience. We are witnessing the rise of experiential retail that is reshaping the store of the future," she said.
Danzi does not see the so-called retail apocalypse as a crisis where stores are closing, but as an opportunity to right-size store portfolios.
#danzi #chains #store
6 days ago
Pre-approval signals you likely qualify, but no underwriter has verified your income, debts, or employment, so it is far from a guaranteed loan.
Full underwriting approval verifies income, employment, credit, and ***** ets, but can still carry conditions that must be resolved before closing.
Even after full approval, taking on new debt, switching jobs, or a failed appraisal can derail your mortgage before closing day.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now. The report is free. Enter your email and see if any of your stocks made the cut.
Getting approved for a mortgage is one of the first major steps in the home-buying process. But it's not always so easy and usually comes with a lot of paperwork. Lenders need to know you are a reliable borrower. They want to review your finances to make sure you can comfortably afford the loan. This means you need to provide documented proof of your income, employment history, savings, and existing debt. Having these documents ready ahead of time can make the mortgage process faster and more manageable. While every lender will have slightly different requirements, these are the most common documents a lender will ask for.
#income
Full underwriting approval verifies income, employment, credit, and ***** ets, but can still carry conditions that must be resolved before closing.
Even after full approval, taking on new debt, switching jobs, or a failed appraisal can derail your mortgage before closing day.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now. The report is free. Enter your email and see if any of your stocks made the cut.
Getting approved for a mortgage is one of the first major steps in the home-buying process. But it's not always so easy and usually comes with a lot of paperwork. Lenders need to know you are a reliable borrower. They want to review your finances to make sure you can comfortably afford the loan. This means you need to provide documented proof of your income, employment history, savings, and existing debt. Having these documents ready ahead of time can make the mortgage process faster and more manageable. While every lender will have slightly different requirements, these are the most common documents a lender will ask for.
#income
7 days ago
On August 6, Installed Building Products (NYSE:IBP) reported second-quarter results that told two different stories at once. Net revenue hit a second-quarter record of $777.8 million, yet profit and margins moved the other way, and the board still found room to raise the dividend for the fifth straight year.
The headline number was $777.8 million in net revenue, up 2.3% from $760.3 million a year earlier. That growth came almost entirely from outside the core insulation installation business. Other revenue, which covers IBP's manufacturing and distribution operations, jumped 50.4% to $67.1 million, while commercial work inside the Installation segment posted same-branch sales growth of 10.4%. Acquisitions did heavy lifting too. The company closed Diamond Energy Systems in May, then Harkraft and Builders Hardware of South Carolina in July, adding roughly $30 million in combined annual revenue. Year to date, IBP has acquired about $59 million in revenue and still expects to reach at least $100 million for all of 2026.
The balance sheet backed that ambition, with $394.5 million in cash on hand at quarter-end. Management also kept returning cash to shareholders, repurchasing about 365,000 shares for $76.2 million in the quarter, with $398 million still available under the buyback authorization through March 2027. The board topped it off by declaring a third-quarter dividend of $0.39 per share, payable September 30 to holders of record on September 15, more than a 5% increase over last year's third-quarter payout.
The strength was uneven. Residential same-branch installation sales fell 6.1% for the quarter, and job volume excluding heavy commercial work dropped 5.2%, evidence that the housing slowdown is landing directly on IBP's biggest business line. That mix shift showed up in the bottom line. Net income fell to $64.9 million, or $2.43 per diluted share, from $69.0 million and $2.52 a year ago. Adjusted EBITDA slid 2.3% to $130.9 million, with the margin compressing to 16.9% from 17.6%.
Gross profit margin also narrowed to 33.3% from 34.2%, and the company pointed to a specific cause: the faster-growing Other segment carries a 24.7% gross margin, well below the 36.5% margin in core Installation work, so revenue mix worked against profitability even as total sales climbed. Higher fuel costs added further pressure on gross margin, while administrative expense crept up as a percentage of revenue, driven by higher medical insurance costs. CEO Jeff Edwards acknowledged the backdrop directly, saying the company expects affordability and consumer confidence to keep weighing on the residential market.
#million #installation #year #sales
The headline number was $777.8 million in net revenue, up 2.3% from $760.3 million a year earlier. That growth came almost entirely from outside the core insulation installation business. Other revenue, which covers IBP's manufacturing and distribution operations, jumped 50.4% to $67.1 million, while commercial work inside the Installation segment posted same-branch sales growth of 10.4%. Acquisitions did heavy lifting too. The company closed Diamond Energy Systems in May, then Harkraft and Builders Hardware of South Carolina in July, adding roughly $30 million in combined annual revenue. Year to date, IBP has acquired about $59 million in revenue and still expects to reach at least $100 million for all of 2026.
The balance sheet backed that ambition, with $394.5 million in cash on hand at quarter-end. Management also kept returning cash to shareholders, repurchasing about 365,000 shares for $76.2 million in the quarter, with $398 million still available under the buyback authorization through March 2027. The board topped it off by declaring a third-quarter dividend of $0.39 per share, payable September 30 to holders of record on September 15, more than a 5% increase over last year's third-quarter payout.
The strength was uneven. Residential same-branch installation sales fell 6.1% for the quarter, and job volume excluding heavy commercial work dropped 5.2%, evidence that the housing slowdown is landing directly on IBP's biggest business line. That mix shift showed up in the bottom line. Net income fell to $64.9 million, or $2.43 per diluted share, from $69.0 million and $2.52 a year ago. Adjusted EBITDA slid 2.3% to $130.9 million, with the margin compressing to 16.9% from 17.6%.
Gross profit margin also narrowed to 33.3% from 34.2%, and the company pointed to a specific cause: the faster-growing Other segment carries a 24.7% gross margin, well below the 36.5% margin in core Installation work, so revenue mix worked against profitability even as total sales climbed. Higher fuel costs added further pressure on gross margin, while administrative expense crept up as a percentage of revenue, driven by higher medical insurance costs. CEO Jeff Edwards acknowledged the backdrop directly, saying the company expects affordability and consumer confidence to keep weighing on the residential market.
#million #installation #year #sales
7 days ago
Swords, Ireland-based Trane Technologies plc (TT) designs, manufactures, sells, and services solutions for heating, ventilation, air conditioning, and custom and transport refrigeration. The company has a market cap of $96.6 billion and offers air conditioners, exchangers, and handlers; airside and terminal devices; air-sourced heat pumps; chillers; coils and condensers; auxiliary power, cold storage, and condensing units; and more.
Companies with a market cap of $10 billion or more are typically called "large-cap stocks." TT fits squarely into that category, with its market cap exceeding this threshold and reflecting its substantial size and influence in the building products and equipment industry.
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#billion
Companies with a market cap of $10 billion or more are typically called "large-cap stocks." TT fits squarely into that category, with its market cap exceeding this threshold and reflecting its substantial size and influence in the building products and equipment industry.
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#billion
8 days ago
On September 3, Ermenegildo Zegna Group (NYSE:ZGN) reported first-half revenues of €987.3 million, up 6.4% year over year and 9.3% on an organic basis. Direct-to-consumer sales did nearly all the work, climbing 15.8% organically and now making up 86% of branded revenue. But headline profit told a rougher story, sliding to €28.4 million from €47.9 million a year earlier. The gap between a business growing almost everywhere that matters and a bottom line moving the other direction is what investors now have to untangle.
The clearest strength in the first half of 2026 is how much of Zegna's growth is coming from channels it controls directly. Direct-to-consumer revenue grew 12.1% as reported and 15.8% organically, while the Group deliberately shrank its wholesale business by 14.6% as it keeps trimming third-party accounts. The Zegna segment, which houses the flagship ZEGNA brand along with Textile, generated €724.3 million in revenue, up 9.7% year over year, with the ZEGNA brand itself growing 13.9% organically to €634.6 million. That segment's Adjusted EBIT Margin rose 50 basis points to 14.8%, driven by higher sales per square meter and better sell-through in its own stores.
Group-wide Adjusted EBIT rose to €74.5 million from €68.7 million, pushing the margin to 7.5%. The balance sheet moved in the right direction too, with the net cash surplus climbing to €59.6 million at June 30 from €52.1 million at December 31, 2025. Free cash flow flipped to a positive €19.2 million, compared with a negative €23.1 million a year earlier, helped by stronger operating cash flow and tighter working capital management. Even Tom Ford Fashion, still unprofitable, cut its Adjusted EBIT loss to €12.1 million from €19.4 million, a sign the newer brand is moving toward breakeven rather than away from it.
The drop in profit isn't just optics. H1 2025's €47.9 million figure included a €27.8 million non-cash gain from remeasuring non-controlling interest put option liabilities, a boost that didn't repeat this year. On top of that, the effective tax rate jumped to 38.8% from 29.6%, and the combined swing in financial expenses and foreign exchange moved to a negative €22.7 million from a positive €6.0 million. Together, those items explain most of the gap between a profit margin of 2.9% this year and 5.2% last year, even as operating profit itself improved to €68.5 million from €61.3 million.
Thom Browne is the segment causing the most concern. Revenue there fell 4.9% year over year to €123.1 million, and Adjusted EBIT swung to a loss of €8.3 million from a profit of €4.5 million, which the company attributed to foreign exchange pressure and investment in shifting the brand toward a retail-first model. Capital expenditure also climbed to €64 million from €54 million, largely tied to a new shoe production plant in Parma, and corporate costs rose to €12 million from €10.7 million as the Group builds out its structure.
#million
The clearest strength in the first half of 2026 is how much of Zegna's growth is coming from channels it controls directly. Direct-to-consumer revenue grew 12.1% as reported and 15.8% organically, while the Group deliberately shrank its wholesale business by 14.6% as it keeps trimming third-party accounts. The Zegna segment, which houses the flagship ZEGNA brand along with Textile, generated €724.3 million in revenue, up 9.7% year over year, with the ZEGNA brand itself growing 13.9% organically to €634.6 million. That segment's Adjusted EBIT Margin rose 50 basis points to 14.8%, driven by higher sales per square meter and better sell-through in its own stores.
Group-wide Adjusted EBIT rose to €74.5 million from €68.7 million, pushing the margin to 7.5%. The balance sheet moved in the right direction too, with the net cash surplus climbing to €59.6 million at June 30 from €52.1 million at December 31, 2025. Free cash flow flipped to a positive €19.2 million, compared with a negative €23.1 million a year earlier, helped by stronger operating cash flow and tighter working capital management. Even Tom Ford Fashion, still unprofitable, cut its Adjusted EBIT loss to €12.1 million from €19.4 million, a sign the newer brand is moving toward breakeven rather than away from it.
The drop in profit isn't just optics. H1 2025's €47.9 million figure included a €27.8 million non-cash gain from remeasuring non-controlling interest put option liabilities, a boost that didn't repeat this year. On top of that, the effective tax rate jumped to 38.8% from 29.6%, and the combined swing in financial expenses and foreign exchange moved to a negative €22.7 million from a positive €6.0 million. Together, those items explain most of the gap between a profit margin of 2.9% this year and 5.2% last year, even as operating profit itself improved to €68.5 million from €61.3 million.
Thom Browne is the segment causing the most concern. Revenue there fell 4.9% year over year to €123.1 million, and Adjusted EBIT swung to a loss of €8.3 million from a profit of €4.5 million, which the company attributed to foreign exchange pressure and investment in shifting the brand toward a retail-first model. Capital expenditure also climbed to €64 million from €54 million, largely tied to a new shoe production plant in Parma, and corporate costs rose to €12 million from €10.7 million as the Group builds out its structure.
#million
9 days ago
9 days ago
Fervo Energy (FRVO) stock is up 29% today after the company announced a 396-megawatt (MW) power purchase agreement (PPA) with Google (GOOG) (GOOGL) to enable the continued development of the Cape Station enhanced geothermal systems (EGS) GeoCluster, expected to come online in 2028.
"As demand for reliable electricity grows, customers like Google need energy resources that can be deployed at scale, operate around the clock, and deliver where power is needed," said Fervo CEO Tim Latimer in a press release. "This new PPA is part of our repeatable commercial model that enables us to meet customer needs and directly deliver clean, firm power to large electricity users."
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#energy
"As demand for reliable electricity grows, customers like Google need energy resources that can be deployed at scale, operate around the clock, and deliver where power is needed," said Fervo CEO Tim Latimer in a press release. "This new PPA is part of our repeatable commercial model that enables us to meet customer needs and directly deliver clean, firm power to large electricity users."
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#energy
10 days ago
Corn prices are trading with 2 to 3 losses so far on Tuesday morning, with December 9 cents off the overnight high. Futures rounded out August with contracts up 1 to 3 1/2 cents on the session. Open interest was up 15,541 contracts on Monday. There were another 187 deliveries issued against September corn overnight. The CmdtyView national average Cash Corn price was back up 3 1/2 cents at $4.93 1/2.
This week's Crop Progress report showed 62% of the US corn crop in the dough stage by August 30, with 62% dented and 13% listed as mature. Condition ratings were steady this week at 47% in good to excellent condition, as the Brugler500 index slipped another point to 347 on a 1 point move from excellent to good.
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#cocoa #condition
This week's Crop Progress report showed 62% of the US corn crop in the dough stage by August 30, with 62% dented and 13% listed as mature. Condition ratings were steady this week at 47% in good to excellent condition, as the Brugler500 index slipped another point to 347 on a 1 point move from excellent to good.
Cocoa Prices Rise on Concern Over West African Cocoa Quality
Rip-Roaring Bull Markets Are Taking Corn, Soybean, and Wheat Prices Higher
Arabica Coffee Consolidates Recent Losses
#cocoa #condition
10 days ago
Less than 16% of borrowers have scores of 600 or less, and the average interest rates for this group are 22%, according to Experian data.
Shop around to find the best deal on an auto loan for your budget and credit profile, but be prepared for limited loan options and high costs.
If approved, an auto loan can help improve your credit — provided you keep up with the loan and make on-time payments.
A car loan for bad credit is a risky and challenging endeavor. It's hard to get approved if you have a low credit score. Less than 16% of borrowers with a car loan had have a score of 600 or lower at the beginning of 2026, according to Experian data. Further, you'll likely face prohibitively high interest rates. To compare, the average used car loan rate for someone with a score of 781 or higher is a little over 6%, while a borrower with a score of under 500 gets a rate of almost 22% on average.
For that reason, it's best to work on your credit before you buy a car. But if the purchase can't wait, make sure to look for a competitive auto loan rather than settling for a high-cost offer from a buy-here, pay-here dealer. With a little legwork, you can find the best bad credit car loans for your financial situation.
#less #best #borrowers
Shop around to find the best deal on an auto loan for your budget and credit profile, but be prepared for limited loan options and high costs.
If approved, an auto loan can help improve your credit — provided you keep up with the loan and make on-time payments.
A car loan for bad credit is a risky and challenging endeavor. It's hard to get approved if you have a low credit score. Less than 16% of borrowers with a car loan had have a score of 600 or lower at the beginning of 2026, according to Experian data. Further, you'll likely face prohibitively high interest rates. To compare, the average used car loan rate for someone with a score of 781 or higher is a little over 6%, while a borrower with a score of under 500 gets a rate of almost 22% on average.
For that reason, it's best to work on your credit before you buy a car. But if the purchase can't wait, make sure to look for a competitive auto loan rather than settling for a high-cost offer from a buy-here, pay-here dealer. With a little legwork, you can find the best bad credit car loans for your financial situation.
#less #best #borrowers
11 days ago
Kevin Buehler
Aug 31, 2026, 8:11 am EDT
Artificial intelligence becomes more sophisticated and pervasive every quarter, but businesses are struggling to keep pace.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
#buehler #jones #reserved #intelligence
Aug 31, 2026, 8:11 am EDT
Artificial intelligence becomes more sophisticated and pervasive every quarter, but businesses are struggling to keep pace.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
#buehler #jones #reserved #intelligence
11 days ago
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Elon Musk has been basking on his throne as the world's richest person, and largely based on the success of his U.S. companies. But when it comes to America's fiscal health, his warnings have been apocalyptic, not complimentary.
"In the absence of AI and robotics, we're actually totally screwed because the national debt is piling up like crazy," the Tesla CEO told podcaster Dwarkesh Patel earlier this year. "We are 1,000% going to go bankrupt as a country, and fail as a country, without AI and robots."
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 sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold
#Gold #actually #without #moneywise
Elon Musk has been basking on his throne as the world's richest person, and largely based on the success of his U.S. companies. But when it comes to America's fiscal health, his warnings have been apocalyptic, not complimentary.
"In the absence of AI and robotics, we're actually totally screwed because the national debt is piling up like crazy," the Tesla CEO told podcaster Dwarkesh Patel earlier this year. "We are 1,000% going to go bankrupt as a country, and fail as a country, without AI and robots."
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 sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold
#Gold #actually #without #moneywise
11 days ago
Guns and ammunition retailers have faced financial distress, leading to store closings and bankruptcy filings as sales have fallen significantly over the last two years.
Industry experts believe some of the decline in sales might have resulted from buyers delaying purchases to take advantage of the reduction in the National Firearms Act tax from $200 to $0 beginning Jan. 1, 2026, the National Rifle ****** ociation's American Rifleman reported. The decline of sales, however, has continued in 2026.
Financial issues had led firearms and ammunition retailer White Oak Armory LLC to file for Chapter 11 bankruptcy to reorganize its business, owing a disputed tax debt to the Tennessee Department of Revenue.
White Oak Armory filed its petition in the U.S. Bankruptcy Court for the Eastern District of Tennessee on Aug. 24, listing $500,000 to $1 million in ****** ets and liabilities. The petition did not reveal whether the company's sales had declined, and the debtor did not give a specific reason for filing for bankruptcy in its petition.
The retailer was not immediately available for comment. The firearms dealer's website and telephone were still operating on Aug. 30.
#sales
Industry experts believe some of the decline in sales might have resulted from buyers delaying purchases to take advantage of the reduction in the National Firearms Act tax from $200 to $0 beginning Jan. 1, 2026, the National Rifle ****** ociation's American Rifleman reported. The decline of sales, however, has continued in 2026.
Financial issues had led firearms and ammunition retailer White Oak Armory LLC to file for Chapter 11 bankruptcy to reorganize its business, owing a disputed tax debt to the Tennessee Department of Revenue.
White Oak Armory filed its petition in the U.S. Bankruptcy Court for the Eastern District of Tennessee on Aug. 24, listing $500,000 to $1 million in ****** ets and liabilities. The petition did not reveal whether the company's sales had declined, and the debtor did not give a specific reason for filing for bankruptcy in its petition.
The retailer was not immediately available for comment. The firearms dealer's website and telephone were still operating on Aug. 30.
#sales
12 days ago
If you had told me at the beginning of May that I would spend part of my summer scanning thousands of stock charts every morning, writing daily stock ******* ysis, and putting my technical reputation on the line across 21 individual picks, I would have been very skeptical.
As a veteran portfolio manager, my career has been defined by viewing the investing world from 30,000 feet. I've spent decades focused on ******* et allocation, macro risk defense, and helping self-directed investors navigate volatile markets.
Jeff Bezos' Heartfelt Tribute to Dolly Parton Drew Brutal Backlash: 'Nobody Wanted to Hear This From You' — He Once Gave Her $100 Million for Charity
Intel vs. AMD: Why the Market Share Number Is Misleading
A $100 Billion Buildout In Louisiana Is Planned for Starship. What This Means for SPCX Stock.
#bezos #tribute #drew
As a veteran portfolio manager, my career has been defined by viewing the investing world from 30,000 feet. I've spent decades focused on ******* et allocation, macro risk defense, and helping self-directed investors navigate volatile markets.
Jeff Bezos' Heartfelt Tribute to Dolly Parton Drew Brutal Backlash: 'Nobody Wanted to Hear This From You' — He Once Gave Her $100 Million for Charity
Intel vs. AMD: Why the Market Share Number Is Misleading
A $100 Billion Buildout In Louisiana Is Planned for Starship. What This Means for SPCX Stock.
#bezos #tribute #drew
13 days ago
Americans, on the whole, owe a lot of money. Collectively, households across the country owe $18.8 trillion to creditors, with mortgage debt accounting for around $13.1 trillion of that amount. Experian data also showed the average American's debt was $104,755 as of June 2025. That's a fairly substantial sum given that the median household income was just $83,730 in 2024.
With many households owing more than they earn all year, it's not surprising that around 47% of Americans worry about debt every day. If you're one of them, there's some good news: Certain retirement accounts, like your 401(k), may have protection from creditor claims.
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
#debt #like
With many households owing more than they earn all year, it's not surprising that around 47% of Americans worry about debt every day. If you're one of them, there's some good news: Certain retirement accounts, like your 401(k), may have protection from creditor claims.
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
#debt #like
14 days ago
Highway and Motive said in a joint statement that they have reached an agreement to restore the frequency at which Highway can access electronic logging device data belonging to Motive customers when carriers authorize that access, ending a disruption that began earlier after Motive limited the application programming interface connection between the two platforms and indicated Highway would need to compensate it for the data. The companies said they are working together to ensure uninterrupted service for the carriers and brokers that rely on both.
The statement said no action is required from carriers or brokers.
Both companies framed the resolution around carrier authorization. They said they share a commitment to giving motor carriers transparency and control over how their data is authorized and used, and that they are in discussions to update their existing agreement to more clearly reflect current use cases. The companies also said they intend to build on the relationship by identifying opportunities to improve data fidelity, reduce latency and create better experiences for carriers and brokers.
"Motive and Highway both play important roles in the freight ecosystem, and we are committed to serving customers together," said Jordan Graft, CEO of Highway. "We have a clear path forward that protects carrier choice and allows us to continue improving the experience for brokers and carriers."
Shoaib Makani, co-founder and CEO of Motive, said: "Our carriers depend on an ecosystem of partners to run their businesses. We are pleased to have reached a path forward with Highway that supports our customers and provides clarity around data use."
#carriers #brokers #customers #reached
The statement said no action is required from carriers or brokers.
Both companies framed the resolution around carrier authorization. They said they share a commitment to giving motor carriers transparency and control over how their data is authorized and used, and that they are in discussions to update their existing agreement to more clearly reflect current use cases. The companies also said they intend to build on the relationship by identifying opportunities to improve data fidelity, reduce latency and create better experiences for carriers and brokers.
"Motive and Highway both play important roles in the freight ecosystem, and we are committed to serving customers together," said Jordan Graft, CEO of Highway. "We have a clear path forward that protects carrier choice and allows us to continue improving the experience for brokers and carriers."
Shoaib Makani, co-founder and CEO of Motive, said: "Our carriers depend on an ecosystem of partners to run their businesses. We are pleased to have reached a path forward with Highway that supports our customers and provides clarity around data use."
#carriers #brokers #customers #reached
15 days ago
Underperforming store locations have been a major problem for various retail sectors, such as supermarkets, apparel shops, and drugstore chains, forcing retailers to close shops to eliminate a drain on liquidity.
Restaurants have also closed struggling locations to cut their losses, and now manufacturers are also closing underperforming facilities as well.
Giant tool company Stanley Black & Decker Inc. plans to close its underperforming Hampstead, Md., factory and lay off 55 workers, according to a Worker Adjustment and Retraining Notification Act notice filed with the Maryland Department of Labor on Aug. 19.
Layoffs at the factory are set to begin on Oct. 23, 2026, and continue through the facility's closing by March 26, 2027, according to the WARN notice.
"Over the past few years, we have seen a steady decline in volume in the materials produced at our Hampstead, Maryland, manufacturing facility," Stanley Black & Decker spokesperson Debora Raymond told the Baltimore Sun.
#maryland #close
Restaurants have also closed struggling locations to cut their losses, and now manufacturers are also closing underperforming facilities as well.
Giant tool company Stanley Black & Decker Inc. plans to close its underperforming Hampstead, Md., factory and lay off 55 workers, according to a Worker Adjustment and Retraining Notification Act notice filed with the Maryland Department of Labor on Aug. 19.
Layoffs at the factory are set to begin on Oct. 23, 2026, and continue through the facility's closing by March 26, 2027, according to the WARN notice.
"Over the past few years, we have seen a steady decline in volume in the materials produced at our Hampstead, Maryland, manufacturing facility," Stanley Black & Decker spokesperson Debora Raymond told the Baltimore Sun.
#maryland #close
15 days ago
The Kansas City Fed's annual gathering of central bankers, economists, and academics kicked off on Thursday in Jackson Hole, Wyo. The stakes are high for new Fed Chairman Kevin Warsh — and for markets.
In the closely watched speech Friday, Warsh said inflation is running too high and should be the focus for the central bank, while laying out a strong ****** sment of the economy for the first time. But he held to his pledge not to provide forward guidance.
"We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do," Warsh said in his first speech as chairman in Jackson Hole, Wyo. "It is the Fed's job to deliver stable prices."
Markets are likely to put a great deal of emphasis on Warsh's words as they remain on edge after a bond sell-off earlier this month. A subsequent Treasury intervention has raised questions about whether the market can tighten financial conditions in place of the Fed. Following the speech Friday morning, 55% of bond traders expect the Fed to raise rates at its September meeting, a jump from roughly a third on Thursday.
Federal Reserve Chairman Kevin Warsh suggested Friday that artificial intelligence could turbocharge the economy and that the central bank is closely monitoring its impact.
#thursday
In the closely watched speech Friday, Warsh said inflation is running too high and should be the focus for the central bank, while laying out a strong ****** sment of the economy for the first time. But he held to his pledge not to provide forward guidance.
"We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do," Warsh said in his first speech as chairman in Jackson Hole, Wyo. "It is the Fed's job to deliver stable prices."
Markets are likely to put a great deal of emphasis on Warsh's words as they remain on edge after a bond sell-off earlier this month. A subsequent Treasury intervention has raised questions about whether the market can tighten financial conditions in place of the Fed. Following the speech Friday morning, 55% of bond traders expect the Fed to raise rates at its September meeting, a jump from roughly a third on Thursday.
Federal Reserve Chairman Kevin Warsh suggested Friday that artificial intelligence could turbocharge the economy and that the central bank is closely monitoring its impact.
#thursday
15 days ago
The rapid buildout of AI infrastructure has been driving a strong demand cycle for semiconductor manufacturing equipment. Applied Materials, Inc. (NASDAQ:AMAT) benefits from such a trend, thanks to chipmakers increasing spending on advanced DRAM, HBM, leading-edge logic, as well as advanced packaging.
This trend is evidenced by the company's latest results, which highlight real financial growth. Applied Materials, Inc. (NASDAQ:AMAT) reported record revenue of $9.12 billion, with non-GAAP EPS of $3.50 and $3.17 on a GAAP basis. Importantly, gross margin was above 50%, demonstrating its 13th consecutive quarter of YoY gross-margin expansion.
The company is not just benefiting from elevated semiconductor spending. It is gaining share too. Applied Materials, Inc. (NASDAQ:AMAT) upgraded its Semiconductor Systems revenue expectations for CY 2026, anticipating growth faster than the broader semiconductor equipment market. Notably, the momentum seems to be robust in DRAM, leading-edge foundry/logic, and advanced packaging. Collectively, they continue to become critical as AI chips are more complex.
Furthermore, the numbers support operating leverage. For Q4, the company expects revenue of ~$10.25 billion, demonstrating YoY growth of 51%. The non-GAAP EPS is anticipated to reach $4.02, implying growth of 85% YoY. Semiconductor Systems revenue is projected to increase by 62% to ~$7.9 billion.
UBS ******* yst Timothy Arcuri kept a "Buy" rating on Applied Materials, Inc. (NASDAQ:AMAT)'s stock and a price objective of $675, highlighting the company's aggressive capacity expansion and continued share gains. The long-term thesis needs to be understood, with Applied Materials, Inc. (NASDAQ:AMAT) aiming to double its systems output capacity by CY 2028, and ******* yst's model expecting systems revenue approaching ~$14 billion per quarter and earnings reaching $30 per share.
#amat #semiconductor #systems
This trend is evidenced by the company's latest results, which highlight real financial growth. Applied Materials, Inc. (NASDAQ:AMAT) reported record revenue of $9.12 billion, with non-GAAP EPS of $3.50 and $3.17 on a GAAP basis. Importantly, gross margin was above 50%, demonstrating its 13th consecutive quarter of YoY gross-margin expansion.
The company is not just benefiting from elevated semiconductor spending. It is gaining share too. Applied Materials, Inc. (NASDAQ:AMAT) upgraded its Semiconductor Systems revenue expectations for CY 2026, anticipating growth faster than the broader semiconductor equipment market. Notably, the momentum seems to be robust in DRAM, leading-edge foundry/logic, and advanced packaging. Collectively, they continue to become critical as AI chips are more complex.
Furthermore, the numbers support operating leverage. For Q4, the company expects revenue of ~$10.25 billion, demonstrating YoY growth of 51%. The non-GAAP EPS is anticipated to reach $4.02, implying growth of 85% YoY. Semiconductor Systems revenue is projected to increase by 62% to ~$7.9 billion.
UBS ******* yst Timothy Arcuri kept a "Buy" rating on Applied Materials, Inc. (NASDAQ:AMAT)'s stock and a price objective of $675, highlighting the company's aggressive capacity expansion and continued share gains. The long-term thesis needs to be understood, with Applied Materials, Inc. (NASDAQ:AMAT) aiming to double its systems output capacity by CY 2028, and ******* yst's model expecting systems revenue approaching ~$14 billion per quarter and earnings reaching $30 per share.
#amat #semiconductor #systems
16 days ago
Scott Anthony, Director of Rackspace Technology (NASDAQ:RXT), reported a sale of 48,780 shares of common stock in an SEC Form 4 filing on Aug. 17, 2026.
Metric
Value
Shares sold
48,780
#scott #rackspace #NASDAQ #metric
Metric
Value
Shares sold
48,780
#scott #rackspace #NASDAQ #metric
17 days ago
Atlanta, Georgia-based Equifax Inc. (EFX) operates as a data, ***** ytics, and technology company. Valued at a market cap of $22.6 billion, the company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International, and offers services that enable customers to verify income, employment, educational history, criminal justice data, healthcare professional licensure, and more.
EFX stock has lagged behind the broader market over the past year, declining 23.7% compared to the S&P 500 Index's ($SPX) 18.3% surge. Moreover, in 2026, the stock has fallen nearly 10.3%, underperforming the SPX's 11.8% rise.
IonQ vs. Rigetti: The Better Quantum Computing Stock for Long-Term Investors
QQQ is Still in a Negative Gamma Regime. Here's How a 'Put Wall' and Fibonacci Support Could Come Into Play.
Stocks Set to Open Lower as Chipmakers Get Hit, Nvidia Earnings and Warsh's Jackson Hole Speech Awaited
#operates #atlanta #valued
EFX stock has lagged behind the broader market over the past year, declining 23.7% compared to the S&P 500 Index's ($SPX) 18.3% surge. Moreover, in 2026, the stock has fallen nearly 10.3%, underperforming the SPX's 11.8% rise.
IonQ vs. Rigetti: The Better Quantum Computing Stock for Long-Term Investors
QQQ is Still in a Negative Gamma Regime. Here's How a 'Put Wall' and Fibonacci Support Could Come Into Play.
Stocks Set to Open Lower as Chipmakers Get Hit, Nvidia Earnings and Warsh's Jackson Hole Speech Awaited
#operates #atlanta #valued
17 days ago
By Chuck Mikolajczak
NEW YORK, Aug 24 (Reuters) - The U.S. dollar advanced on Monday, coming off its third weekly decline in four that sent the greenback to three-month lows after President Donald Trump's administration announced an expansion of sanctions on Iran and separate tariffs on goods from Canada.
The greenback extended gains after U.S. Treasury Secretary Scott Bessent announced the expansion of secondary sanctions in hopes they will "sever every economic lifeline" that sustains Iran in the latest effort to pressure Tehran into ending its attacks on ships in the Gulf.
After last week's announcement by the Treasury Department that it would double the size of liquidity support buyback operations for longer-dated notes and bonds, CNBC reported earlier on Monday, citing two senior Treasury officials, that Bessent could tap the department's near $1 trillion General Account to help fund bond buybacks, instead of issuing short-term bills.
The dollar briefly pared some gains after the report, along with longer-dated Treasury yields.
#Iran #bessent
NEW YORK, Aug 24 (Reuters) - The U.S. dollar advanced on Monday, coming off its third weekly decline in four that sent the greenback to three-month lows after President Donald Trump's administration announced an expansion of sanctions on Iran and separate tariffs on goods from Canada.
The greenback extended gains after U.S. Treasury Secretary Scott Bessent announced the expansion of secondary sanctions in hopes they will "sever every economic lifeline" that sustains Iran in the latest effort to pressure Tehran into ending its attacks on ships in the Gulf.
After last week's announcement by the Treasury Department that it would double the size of liquidity support buyback operations for longer-dated notes and bonds, CNBC reported earlier on Monday, citing two senior Treasury officials, that Bessent could tap the department's near $1 trillion General Account to help fund bond buybacks, instead of issuing short-term bills.
The dollar briefly pared some gains after the report, along with longer-dated Treasury yields.
#Iran #bessent
18 days ago
Oil has been one of the stranger stories in markets this year. Crude topped $114 a barrel in April when the Iran conflict was at its worst, then retreated sharply once diplomacy moved in.
It has been climbing again since early July, up roughly 30% from that trough. Brent is now between $91 and $93 a barrel and has gained 13% in the past two weeks alone.
That is the backdrop for what Morgan Stanley's chief equity strategist said on Aug. 24. It is worth reading before it gets buried under the next data release.
Michael Wilson, Morgan Stanley's chief U.S. equity strategist, said a renewed oil spike is the single biggest near-term threat to American equities, Bloomberg reported.
His note was blunt. "Crude is the near-term risk, and it's asymmetric," Wilson wrote. Stocks get hurt more by a crude spike than they benefit from a crude dip. That is not a new observation. He first laid it out in a March 2026 note. It lands differently now that oil has been moving the way it has.
#crude #wilson
It has been climbing again since early July, up roughly 30% from that trough. Brent is now between $91 and $93 a barrel and has gained 13% in the past two weeks alone.
That is the backdrop for what Morgan Stanley's chief equity strategist said on Aug. 24. It is worth reading before it gets buried under the next data release.
Michael Wilson, Morgan Stanley's chief U.S. equity strategist, said a renewed oil spike is the single biggest near-term threat to American equities, Bloomberg reported.
His note was blunt. "Crude is the near-term risk, and it's asymmetric," Wilson wrote. Stocks get hurt more by a crude spike than they benefit from a crude dip. That is not a new observation. He first laid it out in a March 2026 note. It lands differently now that oil has been moving the way it has.
#crude #wilson