The most attractive feature of Ares Capital (ARCC +1.76%) today is probably its huge 10.5% dividend yield. However, investors need to fully understand what supports that lofty yield before buying this stock. And recognize that the dividend has been cut before. Here's why the test the private credit markets are facing is so important for Ares Capital right now.
The difference between Ares Capital and a non-public credit fund Ares Capital issues shares to the public, and those shares will continue to exist until it repurchases them. In this way, the business development company (BDC) has permanent capital. The stock price may rise and fall, but nobody can force Ares Capital to return their cash. That's an important dynamic as you watch non-public private credit funds limit redemptions.
Image source: Getty Images.
Companies like BlackRock (BLK 1.47%) and Blue Owl Capital (OWL 0.58%) have been making headlines as customers who can withdraw cash from the private credit funds they operate ask for their money back. If withdrawals are large enough, non-public private credit funds can be forced to sell assets to meet redemption requests. That can trigger a downward spiral in asset prices.
The ability to limit redemptions is supposed to help prevent that spiral. However, the news that redemptions are being limited can have the unintended consequence of increasing fear and, in turn, the number of customers requesting a return of their cash.
Ares Capital's portfolio is holding up reasonably well Despite the withdrawals from private credit funds, Ares Capital's portfolio is performing reasonably well. Loans on non-accrual status sat at 2.1% at the end of the first quarter of 2026. That was up from 1.8%, which isn't good news directionally, but the absolute level is still reasonable. The BDC's core earnings of $0.47 per share didn't cover the $0.48 per share paid in dividends, but when you add in $0.15 per share in realized gains, there was ample coverage.
Today's Change
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That said, interest rates appear likely to remain at current levels or rise. Ares Capital issues many floating-rate loans to the largely smaller businesses it works with, so it will generate more income as rates rise. But higher rates can make it harder for its clients to pay back their loans, so dividend investors will want to pay close attention to its non-accrual loan rate. If that rate rises too high, a dividend cut could be in the cards.
Moreover, while the redemptions hitting companies like BlackRock aren't necessarily indicative of the quality of private credit loans, investors are clearly worried that loan quality is deteriorating. That isn't shocking, given the huge growth of the private credit market in recent years. As more and more capital enters the market, weaker and weaker loans are likely to be made. If you own Ares Capital, there's no reason to panic, but redemptions at BlackRock and Blue Owl Capital could still be the canary in the coal mine on the loan quality front.
Company Adds 39 New Global Patents to Enrich New Product Innovation and Deepen Leadership in Explainable AI
, /PRNewswire/ -- Equifax® (NYSE: EFX) has secured 39 new patents in the first half of 2026, broadening its global intellectual property (IP) portfolio of more than 750 issued or pending patents across the globe. Continued portfolio expansion is part of the organization's forward-looking IP strategy, designed to maximize the value of Equifax proprietary data for customers and consumers, accelerate and differentiate EFX.AI product innovation, and deepen leadership in explainable Artificial Intelligence (xAI). Year-to-date, Equifax has secured 14 new patents that directly support the company's approach to AI, further complementing its EFX.AI™ strategy for product innovation.
"Equifax has driven decades of continuous innovation to ensure that our customers are always equipped with the most advanced, secure, and predictive capabilities available," said Harald Schneider, Global Chief Data & Analytics Officer at Equifax. "Our hundreds of inventors around the world focus on patenting technology that maximizes the value of proprietary data in an increasingly AI-focused business environment, empowering our customers to make more intelligent decisions and create new consumer opportunities faster than ever before."
The 39 patents secured in the first half of 2026 further support Equifax innovation in three core areas:
Explainable AI That Turns Complex Data into Transparent Insights
Explainable AI helps customers responsibly analyze massive amounts of data to make more informed decisions. Equifax led the way toward an industry standard for explainable AI, introducing the first machine learning credit scoring system with the ability to generate logical and actional reason codes for consumers more than a decade ago. Since that time, the company has more than 180 pending or approved patents for explainable AI techniques. In the first half of this year, Equifax secured a Canadian patent grant on its original methodology for optimizing neural networks for risk assessment, expanding this invention into 11 patents globally, including in the U.S., Australia, and India.
Optimizing Neural Networks for Risk Assessment (Canada) - This patented system solves the problem of the AI "black box" by forcing credit-scoring neural networks to maintain a strict, one-directional relationship between inputs and outputs (e.g., as payment history improves, a credit score should increase). By ensuring this clear mathematical relationship, the system delivers transparent, fully explainable credit decisions and regulatory reason codes without sacrificing the predictive power of advanced AI. This allows financial institutions to leverage the power of advanced AI while still being able to generate "adverse action codes" or "reason codes" that clearly explain to a consumer why they received a specific score and what actions impact their credit. This functionality is being used today in solutions such as Insights Score for Personal Loans and Insights Score for Auto. Enhanced Identity Verification & Fraud Detection
In today's evolving fraud landscape, emerging fraud schemes such as first-party fraud, synthetic identities, and account takeovers require robust identity verification, fraud protection and regulatory compliance solutions. Equifax leverages AI, machine learning, robust analytics and real-time data to assess risk with precision and identify threats that others miss. Currently, more than 190 pending or approved patents support the company's leadership in identity verification and fraud detection, including a specific patented methodology aimed directly at the vulnerabilities in digital commerce.
Risk Assessment for Personally Identifiable Information Associated with Controlling Interactions Between Computing Systems (U.S.) –This patented methodology is leveraged in Consumer Insights, Signal Score for Email, and Payments Fraud capabilities to identify risk in card-not-present transactions. By isolating and evaluating specific identity elements—such as email addresses, phone numbers, and device IDs—and modeling historical fraud distributions (including chargebacks and declines), the system delivers data-informed insights to better inform transactional risk decisions. Multi-System Data Orchestration
Central to the more than $3 billion Equifax Cloud transformation is the company's custom data fabric, an adaptable structure that unifies proprietary differentiated data from over 100 siloed data sources. AI requires deep, accurate, and high-quality data. The Equifax data fabric ingests 20 billion records per month globally while also enabling the management of that data in keeping with strict regulatory requirements. This foundational platform allows for the orchestration of more than 250 billion keyed and linked records. This enables complex, multi-system data to stream seamlessly on demand under strict regulatory controls—completely eliminating months of manual data preparation. Eliminating these months of manual preparation requires sophisticated, patented coordination across the entire network.
Data Transformation Techniques for Event Data in Multi-System Computing Environments (U.S.) – This patented technology is leveraged in applications such as Account Protection, Payments Fraud, Authorized Payments Protection), Contact and Locate, Identity Proofing and Synthetic Identity Risk 3.0. It coordinates massive data flows across multiple systems. By holding data until specific triggers are met, it ensures recipient systems receive complete, structured datasets rather than fragmented pieces—drastically improving real-time fraud and pattern detection. Learn more about the Equifax commitment to responsible AI innovation at EFX.AI. The most recent list of issued Equifax Intellectual Property is available here.
ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.com.
FOR MORE INFORMATION:
Alexandra Packey for Equifax
[email protected]
The partnership between Jamison’s newly launched Arden Residential affordable housing division and Kennedy Wilson’s Vintage Housing platform begins with the conversion of the former LA World Trade Center into 512 affordable units
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Kennedy Wilson, a global real estate investment company, and Jamison, a leading Los Angeles multifamily development firm with experience in high- and low-rise construction and adaptive reuse conversions, have entered a new strategic partnership with plans to deliver 4,000 affordable housing units across Los Angeles through adaptive reuse and ground up construction.
The partnership is between Jamison's newly launched affordable housing division, Arden Residential, and Kennedy Wilson’s affordable housing development joint venture, Vintage Housing. It will begin with the conversion of the former LA World Trade Center at 350 S. Figueroa Street, which will be re-branded as “Sky Castle.” The 400,000-square-foot office complex will be converted into 512 affordable units offering a mix of one-, two- and three-bedroom floor plans. Each unit will feature new kitchens and bathrooms with appliances and an operable window as well as modern community amenities including community rooms available for resident events, a dedicated co-working space, a resident lounge, on-site storage, laundry rooms throughout the property, and mail parcel rooms.
Phase I, which is expected to begin in August 2026, will focus on the building’s concourse levels to deliver 241 affordable housing units for families earning 30% to 80% of Area Median Income (AMI). Phase II, planned for the office tower above, will add 271 affordable units. The World Trade Center residential conversion is endorsed by Los Angeles government leaders and approved by the city under the new adaptive reuse ordinance.
The new joint venture leverages Kennedy Wilson’s deep expertise in affordable housing development. In 2015, Kennedy Wilson acquired an equity stake in Vintage Housing, an industry leader in delivering affordable, long-term housing solutions for qualified working families and active senior citizens, and has since helped grow the platform from 5,000 to over 13,000 units across the Western United States.
“This strategic partnership between Jamison and our Vintage Housing platform is all about providing much-needed affordable housing in our backyard, the City of Los Angeles,” said Nicholas Bridges, Global Head of Capital Markets at Kennedy Wilson. “Built on a relationship spanning decades, our strategic venture brings together Jamison’s extensive real estate portfolio and multifamily expertise with Kennedy Wilson’s affordable housing development capabilities to accelerate delivery of approximately 4,000 affordable housing rental units across the city. Together, Kennedy Wilson and Jamison are committed to delivering housing solutions that address the city’s affordability challenges while creating a lasting, positive impact for Los Angeles communities.”
"Kennedy Wilson’s Vintage Housing platform is the ideal partner given our shared long-term vision, institutional strength, and operational excellence, while Jamison will bring its deep local market knowledge and hands-on development expertise,” said Garrett Lee, Chief Executive Officer, Jamison. “Together, we will develop thoughtfully designed housing for families, seniors, and communities through both adaptive reuse conversions and ground-up construction in transit-oriented, job-rich neighborhoods that provide residents with access to the opportunities and services that make Los Angeles thrive."
The partnership between Kennedy Wilson and Jamison reflects both entities’ commitment to the city and their shared vision of expanding affordable, high-quality housing for residents. At a time when affordable housing remains one of Los Angeles’ most pressing challenges, this joint venture represents an actionable step toward delivering accessible housing opportunities for individuals and families across a range of income levels. The joint venture is committed to advancing innovative housing solutions, revitalizing underutilized properties, and contributing to the development of vibrant communities that support the city’s long-term growth and economic vitality.
About Kennedy Wilson
Kennedy Wilson is a leading real estate investment company with $37 billion of assets under management in high growth markets across the United States, the UK and Ireland. Drawing on decades of experience, its relationship-oriented team excels at identifying opportunities and building value through market cycles, closing more than $60 billion in total transactions since 2009. Kennedy Wilson owns, operates, and builds real estate within its high-quality, core real estate portfolio and through its investment management platform, where the company targets opportunistic equity and debt investments alongside partners. For further information, please visit www.kennedywilson.com.
About Jamison
Jamison is a privately held firm that manages 18 million square feet of commercial office, retail, medical, and multifamily properties throughout Southern California. Jamison has recently grown into one of the most active multifamily developers in the City of Los Angeles, bringing to market more than 8,000 units since 2014 with an additional 2,000 units under construction.
KW-IR
Special Note Regarding Forward-Looking Statements
Statements in this press release that are not historical facts are “forward-looking statements” within the meaning of U.S. federal securities laws. These forward-looking statements are estimates that reflect our management’s current expectations, are based on our current estimates, expectations, forecasts, projections and assumptions that may prove to be inaccurate and involve known and unknown risks. Accordingly, our actual results, performance or achievement, or industry results, may differ materially and adversely from the results, performance or achievement, or industry results, expressed or implied by these forward-looking statements, including for reasons that are beyond our control. Some of the forward-looking statements may be identified by words like “believes”, “expects”, “anticipates”, “estimates”, “plans”, “intends”, “projects”, “indicates”, “could”, “may” and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. We assume no duty to update the forward-looking statements, except as may be required by law.
Projects will ease congestion and improve travel reliability along two of Orange County’s most traveled corridors
DALLAS--(BUSINESS WIRE)--Jacobs (NYSE:J) has been selected by the Orange County Transportation Authority to provide construction management services for two major highway improvement projects designed to enhance mobility and reduce congestion in Orange County, California.
The SR-91 Improvement Project between La Palma and SR-55 will add a new eastbound general-purpose lane, widen bridges and reconstruct interchanges to improve traffic operations. SR‑91 carries more than 300,000 vehicles per day and is a critical connection between Orange County and the Inland Empire, where growing demand has increased congestion and delays.
Jacobs will also deliver construction management services for the I-5 Improvement Project between I-405 and Yale Avenue. This section of I-5 is one of the busiest in Southern California, with average daily traffic exceeding 275,000 vehicles. The project will enhance safety, improve travel times and support economic growth in the region.
Jacobs Executive Vice President Eva Wood said: “These projects are essential to improving mobility in one of the nation’s most congested regions. Los Angeles and Orange County drivers lose an average of 88 hours annually to traffic delays and with population and employment expected to grow by more than 20% combined by 2045, the need for efficient, resilient infrastructure has never been greater.”
Improvements to SR‑91 and I‑5 will support Orange County’s long‑range transportation plan, delivering measurable benefits for commuters, residents and visitors through congestion relief, increased reliability and modernized infrastructure.
Ranked No. 2 in Transportation by Engineering News-Record, Jacobs moves people, goods and freight – whether by road, rail, sea, underground or even through mountains. From enhancing connectivity with transportation agencies across California to improving safety and travel times with Ireland’s Dunkettle Interchange Upgrade, Jacobs delivers innovative, resilient solutions that improve mobility, reduce congestion and enhance safety for generations to come.
At Jacobs, we're challenging today to reinvent tomorrow – delivering outcomes and solutions for the world’s most complex challenges. With approximately $12 billion in annual revenue and a team of approximately 47,000, we provide end-to-end services in advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water. From advisory and consulting, feasibility, planning, design, program and lifecycle management, we’re creating a more connected and sustainable world. See how at jacobs.com and connect with us on LinkedIn, Instagram, X and Facebook.
Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, uncertainties as to, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act and other legislation and executive orders related to governmental spending, including any directive to federal agencies to reduce federal spending or the size of the federal workforce, and changes in U.S. or foreign tax laws, including the tax legislation enacted in the U.S. in July 2025, statutes, rules, regulations or ordinances, including the impact of, and changes to tariffs and retaliatory tariffs or trade policies, that may adversely impact our future financial positions or results of operations, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, and increased uncertainty and risks, including policy risks and potential civil unrest, relating to the outcome of elections across our key markets and elevated geopolitical tension and conflicts, among others. For a description of these and additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our filings with the U.S. Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.
Comparing State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM 0.04%) and iShares Morningstar Small-Cap ETF (ISCB +0.19%) reveals a trade-off between the better recent performance of State Street fund and the much broader portfolio diversification offered by iShares.
Both funds provide core exposure to the U.S. small-cap market, yet they follow different indexing strategies. While the State Street fund focuses on a more curated list of 600 stocks, the iShares ETF casts a wider net, capturing over 1,500 companies within a similar sector framework.
Snapshot (cost & size)MetricSPSMISCBIssuerSPDRiSharesShare price (as of June 26, 2026)$57.30$74.93Expense ratio0.03%0.04%1-yr return (as of June 26, 2026))36.9%30.7%Dividend yield1.4%1.3%Beta0.991.03AUM$16.9 billion$285 millionBeta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield.
The funds’ expense ratios are basically the same (1 basis point doesn’t seem worth quibbling over). SPSM offers a slightly higher dividend yield of 1.4% versus 1.3% for ISCB.
Performance & risk comparisonMetricSPSMISCBMax drawdown (5 yr)(27.9%)(29.9%)Growth of $1,000 over 5 years (total return)$1,403$1,360What's insideThe iShares ETF tracks a broad benchmark of smaller U.S. companies, holding 1,586 securities. Its sector allocation is led by industrials at 18%, followed by technology at 16%, and financial services at 16%. Its largest positions include Sterling Infrastructure (STRL +0.73%) at 0.38%, Okta (OKTA +5.66%) at 0.33%, and Guardant Health (GH +3.02%) at 0.3%. The fund was launched in 2004. The ETF has paid $0.95 per share in dividends over the trailing 12 months, which on its recent ~$75 share price works out to a 1.3% yield.
The SPDR fund targets the S&P SmallCap 600 Index, holding 607 stocks. Its top sectors are technology at 17%, financial services at 17%, and industrials at 15%. Its largest positions include Formfactor (FORM +10.20%) at 0.64%, Molina Healthcare (MOH 0.09%) at 0.62%, and Brightspring Health Services (BTSG +0.00%) at 0.61%. The fund was launched in 2013. The ETF has paid $0.79 per share in dividends over the trailing 12 months, which on its recent ~$57 share price works out to a 1.4% yield.
For more guidance on ETF investing, check out the full guide at this link.
What this means for investorsThese two small-cap specialists have basically identical expense ratios, so I'm going to set that aside; it's not really relevant to this analysis.
ISCB is extremely diversified, holding more than twice as many stocks as its counterpart. That said, SPSM is not at all concentrated; no holding even approaches a 1% weighting in the portfolio. The iShares ETF is also very small relative to its SPDR counterpart, with assets under management of $285 million. Accordingly, it has very low average trading volume, and that type of limited liquidity may be a concern for some investors.
Finally, SPSM has posted better recent returns than ISCB. Past performance is no guarantee of future results, of course, but it's one more thing that tips the scale in favor of the SPDR ETF.
Erin Kennedy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Guardant Health, Okta, and Sterling Infrastructure. The Motley Fool has a disclosure policy.
Pre-Market Stock Futures: Futures are trading lower after a big start to the holiday-shortened trading week, which saw every index trade higher, after the small-cap Russell 2000 eked out a tiny gain on the close, finishing up 0.01% at $3010, and still leads all the major indices in 2026, up over 20%. The tech-heavy Nasdaq exploded higher, closing up 2.07% at 25,820, while the S&P 500 also saw strength, closing the session at 7,440, higher by 1.18%. The venerable Dow Jones Industrial Average closed at a record high of 52,182, up 059% on the day, with a nice move higher from new member Alphabet (NASDAQ: GOOGL | GOOGL Price Prediction). Positive news on the Iran war, with negotiators meeting today in Qatar, and an announced end to hostilities between the two nations, was the backdrop for a very solid day for stocks. We could see more fireworks before the weekend 4th of July fireworks, as end-of-quarter reallocations and window dressing could skew volatility and trading volume higher.
Treasury Bonds: Yields were mixed across the Treasury curve on Monday, as some light buying came in on the long end, while there was selling across the belly and shorter maturities. Traders will continue to watch the situation in Iran. They will also be waiting for the May employment numbers scheduled for Thursday, as the markets are closed for the Federal 4th of July holiday on Friday. The 30-year-long bond finished the day at 4.86%, while the 10-year note was last seen at 4.37%.
Oil and Gas: After last week’s sizable sell-off, the energy complex attracted some buyers on Monday, as lower prices enticed accumulation at current levels. Brent Crude closed the day at $72.89, up 1.2%, while West Texas Intermediate finished the day at $70.39, up 1.82%. Natural gas, which has been strong recently, closed lower for the second straight session, down 3.26% at $3.17. The lower close was likely profit-taking, as the outlook for the commodity remains bullish.
Gold: After a nice move higher last week, Gold stumbled on Monday, closing down by 1.8% at $4,014, while Silver also closed lower, finishing the day at $58.13, down 1.56%. This comes as TD Securities’ head of commodity research, Bart Melek, predicted that gold will fall to $3,900 before rising to $5,300 by the end of 2026. He cited continued inflationary pressure as the main reason for the positive outlook.
Crypto: Bitcoin continued to consolidate in the $59,000–$60,500 zone yesterday, and pushed toward $60,158 intraday before trading in the $60,150–$60,370 range late Monday afternoon. The modest gains of roughly +1% over the past 24 hours came amid low volatility and sideways trading. Ethereum hovered near $1,590–$1,620 during the day, with a slight recovery from earlier in the session. Sentiment remains neutral-to-cautious on the crypto sector, and on Monday, many altcoins saw more decliners than gainers, with broader crypto markets reflecting risk-off flows tied to macro factors, such as the stronger U.S. dollar and interest rate expectations. At 8 AM EDT, Bitcoin was trading at $59,210. At the same time, Ethereum was quoted at $1,582.
24/7 Wall St. reviews dozens of analyst research reports every day to identify fresh investment ideas for investors and traders alike. These daily analyst notes include recommendations on stocks to buy, sell, or avoid, as well as new coverage initiations. Important reminder: No single analyst report should ever be the sole basis for buying or selling a stock.
Here are some of the best Wall Street analyst upgrades, downgrades, and initiations seen on Tuesday, June 30, 2026.
Upgrades: Block (NYSE: XYZ) caught a double upgrade from Piper Sandler, which lifted the shares to Overweight from Underweight, and boosted the target price to $100 from $58. Comcast (NASDAQ: CMCSA) was raised to Buy from Hold at Deutsche Bank, which trimmed the target price for the shares to $32 from $34. Fortune Brands Innovations (NYSE: FBIN) was upgraded to Buy from Hold at Truist, which lifted the target price for the shares to $70 from $45. Honeywell International (NYSE: HON) was upgraded to Outperform from Neutral at Daiwa, which moved the target price for the shares to $255 from $240. Tradeweb Markets (NASDAQ: TW) Goldman Sachs upgraded the shares to Buy from Neutral, with a $146 target price. Downgrades: Fortinet (NASDAQ: FTNT) was downgraded to Reduce from Hold at HSBC, with a $102 target price. Goldman Sachs Group (NYSE: GS) was downgraded to Underperform from Perform at Oppenherim, without a target price. Logitech International (NASDAQ: LOGI) was cut to Underperform from Neutral at Bank of America, which dropped the price target for the shares to $86 from $108. Scorpio Tankers (NYSE: STNG) was downgraded to Underperform from Buy at Bank of America, which cut the target price to $78 from $100. Trade Desk (NASDAQ: TTD) was downgraded to Sell from Neutral at Arete, with an $11.60 target price. Initiations: Cerebras Systems (NASDAQ: CBRS) was started with a Hold rating at Freedom Capital, with a $209 target price. Klarna Group (NYSE: KLAR) was started with a Market Perform rating at Citizens, without a target price. MKS (NASDAQ: MKSI) was initiated with an Outperform rating at BMO Capital, with a $453 target price. Rocket Companies (NYSE: RKT) was initiated with a Buy rating at Benchmark, with a $21 target price.
Visa (NYSE: V) was initiated with an Overweight rating at Piper Sandler, with a $394 target price objective for the credit card giant. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Google didn't make the cut. Grab the names FREE today.
Allison Holdings (ALSN) offers a compelling buying opportunity, trading at a ~43% P/E discount to peers with strong margin and growth prospects. The Off-Highway business acquisition and robust defence market demand drive revenue growth, offsetting temporary On-Highway headwinds from emission regulations. ALSN targets a long-term adjusted EBITDA margin of 25–27%, supported by pricing power, synergy realization, and operational efficiency.
Partnership combines FactSet's trusted data, analytics, and workflows with Google Cloud's agentic AI capabilities and infrastructure
, /PRNewswire/ -- FactSet, a leading global data and AI solutions provider to the financial markets, today announced a multi-faceted strategic partnership with Google Cloud to create a new generation of AI-powered solutions for the financial industry. The collaboration addresses a growing demand from financial firms for workflow-specific agentic solutions that are powered by trusted data and fully sourced, auditable, and defensible in regulated environments. The partnership supports FactSet's broader AI vision by delivering agentic experiences across the investment and deal-making lifecycles.
The partnership is focused on three areas:
FactSet AI enhanced with Gemini models: FactSet is embedding Google's enterprise Search and Gemini model capabilities in its Workstation via Gemini Enterprise Agent Platform to launch the next generation of agents for finance. The partnership will accelerate the development of new Workstation products with deep research functionality and multi-modal experiences, leveraging Google Cloud's broad range of AI capabilities. Direct integration with Google grounding will supplement FactSet's financial data and improve both the breadth and depth of FactSet's AI-enhanced insights. Deeper financial intelligence in Gemini Enterprise: Building on the previously announced collaboration with Google DeepMind, FactSet's MCP and agent sharing functionality will deepen the financial intelligence in Gemini Enterprise – Google Cloud's AI platform for building, governing, and deploying agents. Through this integration, financial professionals will benefit from seamless interoperability between the FactSet Workstation and Gemini Enterprise. Jointly developed agentic workflows: FactSet and Google Cloud plan to launch a new generation of agents – to be built using the Gemini Enterprise Agent Platform – that are designed to improve efficiency, execution, and decision-making across portfolio operations, deal advisory, and corporate finance. FactSet will also add Google Cloud to its existing portfolio of cloud providers, enabling FactSet to further enhance its infrastructure capabilities and deliver greater reliability, scalability, and innovation to clients.
"AI is fundamentally shifting how financial professionals access data, derive insights, and make decisions," said Sanoke Viswanathan, chief executive officer of FactSet. "Together with Google Cloud, we are putting trusted financial data and advanced AI capabilities to work, empowering our clients with more intuitive, connected, and intelligent agents."
"Financial institutions require AI tools that anchor advanced technology in reliable, industry-specific intelligence," said Karthik Narain, chief product and business officer of Google Cloud. "By combining Google Cloud's agentic AI capabilities with FactSet's deep financial expertise, we are enabling investment professionals to surface insights faster, automate complex workflows, and realize commercial value from AI."
About FactSet
FactSet (NYSE: FDS) (NASDAQ: FDS) supercharges financial intelligence, offering enterprise data and information solutions that power our clients to maximize their potential. Our cutting-edge digital platform seamlessly integrates proprietary financial data, client datasets, third-party sources, and flexible technology to deliver tailored solutions across the buy-side, sell-side, wealth management, private equity, and corporate sectors. With over 47 years of expertise, offices in 19 countries, and extensive multi-asset class coverage, we leverage advanced data connectivity alongside AI and next-generation tools to streamline workflows, drive productivity, and enable smarter, faster decision-making. Serving more than 9,000 global clients and over 241,000 individual users, FactSet is a member of the S&P 500 dedicated to innovation and long-term client success. Learn more at www.factset.com and follow us on X and LinkedIn.
To build up commercial production capability, advance manufacturing excellence, and prepare for scale-up of electric air taxi production
, /PRNewswire/ -- Joby Aviation, Inc. (NYSE: JOBY) and Toyota Motor Corporation today announced the initial phase of their strategic manufacturing alliance by establishing the Joint Venture to realize air mobility. This will combine Joby's pioneering work in electric aviation with Toyota's globally recognized expertise in production systems and operational excellence.
Joby Aviation and Toyota Motor Corporation Launch Initial Phase of a Strategic Manufacturing Alliance to Realize Air Mobility for All The Strategic Alliance will initially focus on establishing the groundwork for commercial production, and advancing manufacturing excellence, with particular emphasis on further improving productivity, quality, and cost. Going forward, it will also support the expansion of Joby's production capacity to support aircraft certification and meet anticipated growth in demand for its electric vertical take-off and landing (eVTOL) aircraft.
"Toyota has been by Joby's side for nearly a decade, providing invaluable guidance and support as we built the foundation for manufacturing our aircraft," said JoeBen Bevirt, founder and CEO of Joby Aviation. "Today's announcement reflects the strength of our relationship and our shared confidence in the opportunity ahead. Together, we share a vision of making aerial mobility an everyday reality, and we look forward to delivering on that promise together."
Akio Toyoda, Chairman of Toyota Motor Corporation, commented: "Since our founding, we've been guided by the philosophy of providing mobility for all. Over time, we've continued to expand what mobility can mean. We see air mobility as a natural extension of that philosophy—from the ground into the sky—and as a way to bring new value to people's lives and to society. It's really meaningful for us to take on this challenge together with Joby, a partner that shares the same vision. We believe this strengthened relationship is an important step forward in realizing the future mobility society."
Going forward, both companies will continue to work closely together through this Joint Venture, leveraging their respective strengths to bring air mobility to society on a broader scale.
About Joby Aviation
Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi. Joby intends to both operate its fast, quiet, and convenient air taxi service in cities around the world and sell its aircraft to other operators and partners. To learn more, visit www.jobyaviation.com.
About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in North America for nearly 70 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our more than 1,800 dealerships.
Toyota directly employs nearly 64,000 people in North America who have contributed to the design, engineering, and assembly of over 50 million cars and trucks at our 14 manufacturing plants. In 2025, Toyota's plant in North Carolina began to assemble automotive batteries for electrified vehicles.
For more information about Toyota, visit www.ToyotaNewsroom.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding the goals and expected benefits of the strategic manufacturing alliance. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including risks related to the ability of the parties to negotiate and execute the additional agreements related to the strategic manufacturing alliance on acceptable terms or at all, delays in regulatory certifications and timelines, changes in market conditions, and other risks described in Joby's filings with the Securities and Exchange Commission. The companies undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date hereof, except as required by applicable law.
MEDIA CONTACTS
Joby Aviation
Investors:
[email protected]
Media:
[email protected]
, /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today the appointment of Amanda Cole as Vice President and Chief Human Resources Officer, effective July 21, 2026.
Cole brings more than 20 years of experience in leading enterprise-wide transformation, cultural evolution and talent strategy, most recently serving as Vice President of Human Resources, Electrical & Electronic Solutions Business and IT & Digital Functions at Wesco International, Inc. She will succeed Judith Bacchus, who will retire on or about October 1, 2026, after more than 20 years at the company.
"Amanda is an accomplished Human Resources leader in the industrial space who brings a technically grounded, cross-functional perspective and a strong focus on continuous improvement," said Sanjay Chowbey, President and CEO. "I am confident that she will be a key partner to the Board of Directors and Executive Leadership Team while helping us further shape our culture, build capability and drive performance."
Chowbey continued, "I also want to thank Judy for her nearly two decades of leadership at Kennametal. Since joining the company in 2006, she has played a central role in strengthening our organization by building our global talent strategy, advancing our culture and leading critical functions including human resources, communications and environmental, health, safety and quality. We wish her all the best in retirement and appreciate her partnership in ensuring a seamless transition with Amanda over the coming months."
About Amanda Cole
As Vice President and Chief Human Resources Officer, Cole will be accountable for all human resources globally. In addition, she will oversee the company's internal and external corporate communications function and environmental, health, safety and quality (EHSQ) activities.
Most recently, Cole was Vice President of Human Resources Electrical & Electronic Solutions Business and IT & Digital Functions at Wesco International, Inc. where she led the HR strategy for a multibillion-dollar global business unit and enterprise IT/Digital functions, supporting 6,500 employees globally.
Prior to that, she served in various human resources leadership roles at Wesco International, Inc. and has experience in Lean and process improvement, as well as leading training and development. She started her career at Newell Rubbermaid as a Project Manager and Manufacturing Engineer.
Cole has a Bachelor of Science degree in industrial engineering from Penn State University and Master of Business Administration from University of Baltimore.
About Kennametal
With over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,100 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated $2 billion in revenues in fiscal 2025. Learn more at www.kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube.
NEEDHAM, Mass.--(BUSINESS WIRE)--SharkNinja, Inc. (NYSE: SN), a global product design and technology company, today announced the launch of the Shark® PowerDetect® Transformer™, the best overall cleaning upright^ that transforms into a lightweight stick vacuum and powerful handheld. Combining the deep-cleaning performance of a full-size upright with the flexibility of a stick vacuum and the reach of a handheld, Transformer™ gives consumers one complete cleaning system for the entire home. Consu.
GREENSBORO, N.C.--(BUSINESS WIRE)--Tanger® (NYSE: SKT), a leading owner and operator of outlet and other open-air retail shopping destinations, announced today that its financial results for the quarter ended June 30, 2026 will be released on Tuesday, August 4, 2026 after the market close. The Company will host its conference call for analysts, investors, and other interested parties on Wednesday, August 5, 2026 at 8:30 a.m. Eastern Time.
The conference call will be available to the public through a live audio webcast on Tanger’s Investor Relations website, investors.tanger.com. An online archive of the webcast will also be available following the call through August 19, 2026.
About Tanger®
Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and other open-air retail shopping destinations, with 45 years of expertise in the retail and outlet shopping industries. Tanger’s portfolio of 38 outlet centers and four open-air lifestyle centers includes nearly 17 million square feet well positioned across tourist destinations and vibrant markets in 22 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores operated by more than 800 different brand name companies. For more information on Tanger, call 1-800-4TANGER or visit tanger.inc.
Industry Innovator Delivers Powerful Solutions for Customers Over Four Decades
WESTFORD, Mass.--(BUSINESS WIRE)--NETSCOUT® (NASDAQ: NTCT), a leading provider of observability, AIOps, cybersecurity, and DDoS attack protection solutions, today celebrates the issuance of its 750th patent.
The patent, “Systems and Methods for Performing Computer Network Service Chain Analysis,” issued June 24, 2026, in the U.K., is the latest in a portfolio that spans NETSCOUT’s long record of continuous innovation, from deep packet inspection to adaptive DDoS mitigation, from 5G service assurance to AI-ready data platforms, from on premises to cloud-native observability. Guided by a philosophy of unrelenting commitment to its customers and to innovation, NETSCOUT has built an intellectual property portfolio, patent by patent and invention by invention, across technology cycles in the networking and cybersecurity industries.
“Our 750th patent is a milestone we are proud of, but what it represents matters more than the number itself,” said Anil K. Singhal, Co-founder and CEO of NETSCOUT. “For more than forty years, the people of NETSCOUT, across the company, have tackled hard problems for our customers and invented and built solutions that no one had before. Our portfolio is a record of that work. Every patent in it reflects an original and important idea. That is what being a Guardian of the Connected World looks like.”
A Portfolio Built Across Network Intelligence
NETSCOUT’s patents span the company’s technical domains. Its patented Adaptive Service Intelligence technology – the deep packet inspection engine at the core of the company’s “smart data” platform – is the foundation for observability and smart data that is ready for AIOps, site reliability engineering (SRE), and other applications.
Across the portfolio, NETSCOUT’s patents cover a broad spectrum of technologies, including:
Packet capture and real-time analysis at carrier and enterprise scale DDoS attack detection, classification, and automated mitigation Mobile network performance monitoring and 5G service assurance, including radio access network observability Network detection and response Artificial intelligence and machine learning-driven analytics Adaptive threat detection Smart data that is primed for AI and agentic AI workloads. The ATLAS global threat intelligence network that monitors over 800 terabits per second of internet traffic across more than 200 countries is likewise the product of patented innovations that serve as the cornerstone of NETSCOUT’s threat intelligence and protection solutions.
Innovation That Translates Directly to Customer Outcomes
“We are solving our customers’ toughest problems while we propel the state of the art for our customers and the digital ecosystem,” said Jeff Levinson, Senior Vice President and General Counsel, NETSCOUT. “With our patent program, we recognize the innovations our teams create, and we ensure that NETSCOUT’s competitive leadership is protected with the same rigor with which it was earned. In the face of today’s dynamic technological changes and advances, we are pleased that the pipeline of innovation is as strong as it has ever been.”
NETSCOUT’s IP strategy and continuous innovation are purpose-built to serve its customers. For example, the company’s most recent generation of patents in AI-ready data, carrier telemetry processing, and adaptive threat detection forms the technical foundation of the Omnis™ Sensor and Omnis Streamer products, designed for predictive-grade intelligence across observability, service assurance, cybersecurity, and AIOps. As artificial intelligence reshapes network operations, security, and service assurance, NETSCOUT’s ongoing innovation in AI-ready data, 5G network intelligence, adaptive DDoS protection, and real-time threat detection positions the company well to continue to deliver the innovations customers and the industry require for success.
About NETSCOUT
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) protects the connected world from cyberattacks and performance and availability disruptions through its unique visibility platform and solutions powered by its pioneering deep packet inspection at scale technology. NETSCOUT serves the world’s largest enterprises, service providers, and public sector organizations. Learn more at www.netscout.com or follow @NETSCOUT on LinkedIn, X, or Facebook.
With temperatures topping 100 degrees across New Jersey this week, here's how to stay cool, reduce and track your energy usage, and get help with your bill
, /PRNewswire/ -- With temperatures expected to climb to over 100 degrees for several consecutive days this week, PSE&G is prepared to respond and is encouraging customers to take steps now to stay safe, conserve energy and manage their bills.
According to the National Weather Service, temperatures in the upper 90s and over 100 degrees are expected throughout this week, which can increase energy use leading to potentially higher bills as well as increase the potential for power outages.
How is PSE&G preparing for the heat wave?
PSE&G strengthens and modernizes its system year-round from the large transmission lines that carry power to substations, to the wires that run down each street, and prepares its workforce to deliver power safely when extreme weather hits. By continually investing in the electric system and preparing our workforce, we are building a more resilient system and maintaining the high level of reliability our customers and communities expect.
"Each year, PSE&G strengthens and modernizes our system and prepares our workforce to deliver power safely when extreme weather hits," said Paul Toscarelli, vice president, electric operations, PSE&G. "This year has already seen several heat waves, which put real stress on both people and the electric system. This is part of the long-term preparation we do as one of the nation's most reliable utilities."
PSE&G relies on the regional grid operator PJM to ensure the flow of adequate electric supply to meet customer demand all year long and when extreme weather hits. On June 26, PJM issued a hot weather alert that can be found here: Hot Weather Alerts Issued for June 29 to July 3 Ahead of Expected Heat Wave.
How can you stay safe during extreme heat?
Before the temperature rises, know how to stay safe and comfortable while keeping energy use in check.
Tips to Stay Safe in the Heat:
Stay hydrated; avoid alcohol and caffeine Avoid overexertion, especially between 11 a.m. and 6 p.m. Never leave children or pets in enclosed vehicles Know the signs of heat exhaustion and act quickly Wear light, loose-fitting clothing and avoid dark colors If anyone in the household relies on electricity to operate life-sustaining medical equipment, notify PSE&G at 1-800-436-7734 or pseg.com/life. Customers should also have a backup plan in case of an outage. For more heat safety tips, visit RedCross.org.
Why do energy bills rise in hot weather?
Cooling a home uses far more electricity as outdoor temperatures climb: Cooling your home to 75 degrees when it's 95 degrees outside takes 300% more electricity than when it's 85 degrees outside.
That's why hot weather usually means higher energy use, as air conditioners run longer and harder.
How can you lower your energy use this week?
5 ways to cut energy use during the heat wave:
Raise your thermostat when you're not home Use ceiling fans to circulate air (counterclockwise in summer) Close blinds on sun-facing windows Run appliances in early morning or late evening Replace air filters monthly Many PSE&G customers also use energy efficiency programs to manage and reduce usage. For tips, rebates, and to sign up for an energy efficiency audit, visit pseg.com/energyefficiency or pseg.com/saveenergy, or shop at marketplace.pseg.com.
How do you track your energy use?
MyMeter lets you view your electricity use in intervals from 15 minutes to monthly summaries, so you can track and manage usage across your billing cycle. To use MyMeter, log in to My Account online or in the PSE&G mobile app and select MyMeter.
Stay Connected During Outages
PSE&G prepares for summer storms with additional crews to respond safely and quickly. Keep PSE&G's contact information handy to stay connected during extreme weather:
Text OUT to 4PSEG (47734) Download the PSE&G mobile app Visit: pseg.com/outagecenter Call: 1-800-436-PSEG (7734) Follow: @PSEGdelivers on X and @PSEG on Facebook and Instagram What help is available if you need help paying your bill?
PSE&G works with customers, nonprofits and community organizations to share energy assistance options. Customers may qualify for help based on criteria such as income eligibility — for example, the Low Income Home Energy Assistance Program (LIHEAP), or SHARES for customers facing a temporary financial crisis.
PSE&G also offers bill-management tools, including the Equal Payment Plan and Deferred Payment Arrangements. The Equal Payment Plan estimates annual energy costs and divides them into 12 equal monthly payments, so monthly spending is more predictable. Deferred Payment Arrangements let customers pay down past-due balances over an agreed period.
For more on payment assistance, visit pseg.com/help.
About PSE&G
Public Service Electric & Gas Co. is New Jersey's oldest and largest gas and electric delivery public utility, as well as one of the nation's largest utilities. PSE&G has won the ReliabilityOne(r) Award for superior electric system reliability in the Mid-Atlantic region for 24 consecutive years. In 2025, for the fourth consecutive year, J.D. Power named PSE&G number one in customer satisfaction for residential electric service in the East among large utilities. PSE&G is a subsidiary of Public Service Enterprise Group Inc., (PSEG) (NYSE:PEG), a predominantly regulated infrastructure company named to the Dow Jones Best in Class Index for North America for 18 consecutive years (www.pseg.com).
CONTACTS:
Media Relations
[email protected]
973-430-7734
SOURCE Public Service Electric & Gas Company (PSE&G)
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Aloe Care Health Connect AI wellness and adherence solution will enable proactive conversations and keep families, caregivers and home care providers connected at scale.
, /PRNewswire/ -- Arlo Technologies, Inc. (NYSE: ARLO), a leading provider of smart home security and monitoring services, announces an expanded partnership between Aloe Care Health and Home Helpers® Home Care, a nationwide provider of comprehensive in-home care services.
Aloe Care's new ConnectAI wellness calling solution will be incorporated into Home Helpers' line of Direct Link® powered by Aloe Care's solution suite. As Arlo continues to integrate Aloe Care Health into its portfolio, this latest announcement underscores growing adoption of AI-powered connected care solutions for the aging-in-place market.
Home Helpers has incorporated Aloe Care's voice-activated medical alert and communication technology into its care model since 2022, helping extend support beyond traditional in-person visits. The addition of ConnectAI will complement Home Helpers' existing use of Direct Link® powered by Aloe Care's Smart Hub, Mobile Companion, and related technology as part of the Home Helpers Cared-4SM program, designed to address key factors that help clients remain safe, healthy, and independent at home.
"ConnectAI is designed to help organizations make care more proactive, personal, and scalable," said Evan Schwartz, SVP at Arlo Technologies. "By combining conversational AI with the in-person work of Home Helpers' professional Caregivers, we are helping improve outcomes, reduce avoidable falls and emergencies, and keeping older adults more meaningfully connected."
ConnectAI's capabilities will enhance Home Helpers Cared-4 program with proactive wellness check-ins, medication reminders, and actionable care insights. With the addition of ConnectAI, Home Helpers can deliver friendly, conversational wellness check-in calls and medication reminders through the Direct Link® powered by Aloe Care's Smart Hub, mobile phones, and landlines.
"Continuous innovation in home care is essential to meeting the evolving needs of the clients and families we serve," said Alan Wilson, Senior Director of Technology Solutions at Home Helpers Home Care. "We're proud to help lead the way in bringing innovations like ConnectAI to market, supporting safer, smarter, and more connected care for the future."
The ConnectAI solution is designed to help care teams stay informed, identify emerging issues earlier, and deliver more proactive, personalized support. Key benefits include:
Enhanced safety & risk management: Immediate alerts and predictive insights can help reduce the likelihood of falls and other emergencies. Operational efficiency: ConnectAI automates routine monitoring tasks, freeing caregivers to focus on 1:1 care and reducing staff load and burnout. Cost-savings: Reducing preventable hospitalizations and emergency responses meets the primary goal of better health outcomes with the added benefit of significant cost reductions. Scalable & future-ready: Adaptable to organizations of any size, with the ability to incorporate future AI advancements. For more information on the full range of Aloe Care Health products and services, visit www.aloecare.com.
About Arlo Technologies, Inc.
Arlo is an award-winning, industry leader that is transforming the ways in which people can protect everything that matters to them with advanced home, business, and personal security solutions. Arlo's deep expertise in AI- and CV-powered analytics, cloud services, user experience and product design, and innovative wireless and RF connectivity enables the delivery of a seamless, smart security experience for Arlo users that is easy to set up and interact with every day. Arlo's cloud-based platform provides users with visibility, insight, and a powerful means to help protect and connect in real-time with the people and things that matter most, from any location with a Wi-Fi or a cellular connection. Arlo has recently launched several categories of award-winning connected devices, software, and services. These include wire-free, smart Wi-Fi and LTE-enabled security cameras, video doorbells, floodlights, security system, and Arlo's subscription service, Arlo Secure Early Warning System.
With a mission to bring users peace of mind, Arlo is as passionate about protecting user privacy as it is about safeguarding homes and families. Arlo is committed to implementing industry standards for data protection designed to keep users' personal information private and in their control. Arlo provides enhanced controls for user data, supports privacy legislation, keeps user data safely secure, and puts security at the forefront of company culture.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. The words "anticipate," "expect," "believe," "will," "may," "should," "estimate," "project," "outlook," "forecast" or other similar words are used to identify such forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. The forward-looking statements represent Arlo's expectations or beliefs concerning future events based on information available at the time such statements were made and include statements regarding the development, features and performance of Arlo's services and products, including strategic objectives and initiatives, such as our capital allocation plan and partnerships; the recurring revenue business model; expectations regarding the size of the smart home security and aging-in-place markets, Arlo's entry into new markets, the potential size and growth rates of those markets, the ability to grow Arlo's business, and subscriber growth, adoption, and attachment rates. These statements are based on management's current expectations and are subject to certain risks and uncertainties, including that consumers may choose not to adopt Arlo's new product and/or service offerings, or may adopt competing products and/or services; we may not fully realize the benefits or potential of our partnerships; product and/or service performance may be adversely affected by real-world operating conditions; changes to trade agreements, trade policies, increased tariffs and import/export regulations may negatively affect Arlo's business and supply chain expenses; and global conflicts and geopolitical issues such as the ongoing conflicts in the Middle East, Ukraine or China-Taiwan relations may disrupt Arlo's ability to execute its business plan in a timely manner or at all. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Further information on potential risk factors that could affect Arlo and its business are detailed in its periodic filings with the Securities and Exchange Commission, including, but not limited to, those risk factors described in its most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q and subsequent filings with the Securities and Exchange Commission. Given these circumstances, you should not place undue reliance on these forward-looking statements. Arlo undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
About Home Helpers Home Care
Since 1997, Home Helpers® Home Care has provided exceptional in-home care to seniors and others. With independently owned and operated offices in more than 1,500 communities across the United States, we are committed to supporting the dignity and independence of the families we serve. Learn more at HomeHelpersHomeCare.com. For franchising information, visit HomeHelpersFranchise.com.
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Redwire Corporation (NYSE: RDW), a global leader in aerospace and defense technology solutions, today announced that it has been awarded a contract by Taiwan Color Optics, Inc. (TCO), a subsidiary of SemiLux International Ltd., to deliver its Penguin Mk2.5 VTOL Uncrewed Aerial System (UAS) to the Taiwan Coast Guard to support Taiwan’s broader maritime security and defense resilience planning.
Tranche 1 of the program represents a key milestone in Taiwan’s deployment of long-endurance uncrewed systems for maritime surveillance and law enforcement missions. Redwire’s Penguin Mk2.5 VTOL UAS was selected for the program based on its proven long-endurance performance, vertical takeoff and landing capability, and integrated EO/IR payloads for persistent maritime ISR missions.
"Our Penguin Mk2.5 VTOL aircraft is field proven for successful execution of all-weather monitoring and advanced intelligence, surveillance, and reconnaissance operations," said Josh Stinson, Co-President and Chief Growth Officer of Redwire Defense Tech. "Tracking coastline and maritime activities can present unique challenges, and the Penguin is the ideal framework to enhance Taiwan’s coastal defense.”
With the ability to take off and land vertically, the Penguin Mk2.5 VTOL can be rapidly deployed, even in harsh or contested environments. Easily adaptable to meet variety of operations, the platform is well equipped to conduct day and night ISR missions, with the ability to track and target small moving objects.
About Redwire
Redwire Corporation (NYSE:RDW) is an integrated aerospace and defense company focused on advanced technologies. We are building the future of aerospace infrastructure, autonomous systems and multi-domain operations leveraging digital engineering and AI automation. Redwire’s approximately 1,400 employees located throughout North American and Europe are committed to delivering innovative space and airborne platforms transforming the future of multi-domain operations. For more information, please visit RDW.com.
PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), (“D-Wave” or the “Company”), the only dual-platform quantum computing company providing both annealing and gate-model systems, software and services, today announced it has been selected to receive a $1,566,250 grant from the U.S. National Science Foundation (NSF) through the agency's National Quantum Virtual Laboratory (NQVL) program. The funding will support D-Wave's role as a key industry partner in ERASE (Erasure Qubits an.
SANTA CLARA, Calif.--(BUSINESS WIRE)-- #advancedfission--Oklo Inc. (NYSE: OKLO) (“Oklo”), an advanced nuclear technology company, today announced that it has acquired Creative Engineers, Inc. (“CEI”), an industry leader in chemical process engineering with extensive expertise in sodium and alkali-metal systems. The acquisition brings CEI's specialized capabilities in liquid-metal systems, component development, fabrication, manufacturing, and applied R&D into Oklo's expanding team, strengthening technical are.
Circle (CRCL) shares have dropped ~40% from highs, mirroring crypto market volatility and investor risk aversion. I maintain a buy rating, seeing recent downside as sentiment-driven while Circle's long-term growth trajectory remains intact. Key forward drivers are increased transaction penetration, the upcoming Arc payments network, and improving distribution economics.
Enhanced technology delivers brand savings offers directly within the prescribing workflow, when HCP intent is highest June 30, 2026 07:30 ET | Source: OptimizeRx Corporation
WALTHAM, Mass., June 30, 2026 (GLOBE NEWSWIRE) -- OptimizeRx Corp. (the “Company”) (Nasdaq: OPRX), a leading provider of healthcare technology solutions helping life sciences companies reach and engage healthcare professionals (HCPs) and patients at the most important decision points, today announced the launch of CopayCue™, designed to make brand savings offers more transparent for physicians at the point of prescribing.
CopayCue is a next-generation enhancement to OptimizeRx’s foundational Financial Assistance solution, using verified, real-time HCP prescribing intent data to deliver brand savings information, such as copay cards and affordability resources, directly within the e-prescribing workflow.
Overcoming the Affordability Barrier with Real-Time Intent Data
Medication affordability impacts both HCP prescribing decisions and patient access to therapy, with 43% of U.S. adults reporting they have not taken their medication as prescribed due to cost. And for newly launched drugs, nearly two thirds of prescriptions go unfilled in their first year on the market. The cost to the U.S. health system of non-adherence has been estimated at $100-$300 billion annually.
Life sciences organizations invest heavily in brand awareness marketing and financial support programs only to lose patients when they go to fill prescriptions at the pharmacy. When savings information is connected to the prescribing workflow, it can increase brand sentiment and conversion, drive program utilization, and ensure patients have access to the intended therapies as prescribed by their physicians.
Using real-time data signals from OptimizeRx's proprietary, best-in-class network of more than 400 electronic health record (EHR) and e-prescribing platforms, CopayCue activates brand savings offers at the precise moment an HCP demonstrates intent to prescribe a specific therapy. It enables life sciences organizations to:
Increase the transparency of savings offers within the e-prescribing workflowRemove out-of-pocket cost uncertainty as a barrier to script writingEngage 900K authenticated HCPs at critical prescribing momentsAutomatically send the savings offer directly to the pharmacy, appended to the prescription OptimizeRx data demonstrates the impact of affordability engagement within clinical workflows. CopayCue has been shown to increase prescription lift by 4-5% over EHR banners alone, and standalone programs have achieved an average prescription lift of 11.5%.
“CopayCue brings together two powerful signals: a physician’s real-time intent to prescribe and a brand’s ability to deliver savings support at that exact moment,” said Louis Trivento, OptimizeRx SVP Strategic Partnerships. “For life sciences brands, this creates a more precise way to activate savings offers inside the prescribing workflow—helping improve provider relevance, strengthen campaign performance, and reduce missed opportunities at the point of conversion.”
“The launch of CopayCue builds on OptimizeRx's broader commitment to improve the impact of life sciences marketing and to expand patient access to therapy through point of care engagement,” said Stephen Silvestro, OptimizeRx CEO. “By now linking copay delivery directly to prescriber intent, we’re better able to tackle the billion-dollar affordability challenge, and help clients deliver timely, relevant financial assistance within the clinical workflows HCPs use every day.”
About OptimizeRx
OptimizeRx is a leading healthcare technology company that’s redefining how life science brands connect with patients and healthcare providers. Our platform combines innovative AI-driven tools like the Dynamic Audience Activation Platform (DAAP) and Micro-Neighborhood Targeting (MNT) to deliver timely, relevant, and hyper-local engagement. By bridging the gap between HCP and DTC strategies, we empower brands to create synchronized marketing solutions that drive faster treatment decisions and improved patient outcomes.
Our commitment to privacy-safe, patient-centric technology ensures that every interaction is designed to make a meaningful impact, delivering life-changing therapies to the right patients at the right time. Headquartered in Waltham, Massachusetts, OptimizeRx partners with some of the world’s leading pharmaceutical and life sciences companies to transform the healthcare landscape and create a healthier future for all.
For more information, follow the Company on LinkedIn or X, or visit www.optimizerx.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "can", "drive”, “ensure”, "activates", "enables", "increase", "engage", "creates”, “help” or other similar words and expressions are intended to identify these forward-looking statements. All statements in this press release that reflect the Company's expectations, assumptions, projections, beliefs or opinions about the future, other than statements of historical fact, are forward-looking statements, including, without limitation, statements relating to the ability of the financial savings information to increase brand sentiment and conversion, to drive program utilization, and to ensure patients have access to the intended therapies as prescribed by their physicians, the ability of the Company to deliver brand savings information directly within the e-prescribing workflow based on HCP intent, to activate brand savings offers at the precise moment an HCP demonstrates intent to prescribe a specific therapy, to help improve provider relevance, strengthen campaign performance, and reduce missed opportunities at the point of conversion, and the ability of the Company to enable life sciences companies and healthcare marketers to increase savings offer transparency, overcome cost as a prescribing barrier, to deliver timely, relevant financial assistance information within the clinical workflows, and to increase prescription volumes. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon the Company’s current expectations and involve assumptions regarding the Company's business, the economy, and other future conditions that may never materialize or may prove to be incorrect. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties including, but not limited to the effect of government regulation, seasonal trends, dependence on a concentrated group of customers, cybersecurity incidents that could disrupt operations, the ability to keep pace with growing and evolving technology, the ability to maintain contracts with eRx platforms and EHR networks, competition, and other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and in other filings the Company has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. The Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.
MIAMI, June 30, 2026 (GLOBE NEWSWIRE) -- Sharplink, Inc. (Nasdaq: SBET) ("Sharplink" or the "Company"), one of the world's largest corporate holders of Ether ("ETH") and a prominent industry advocate of Ethereum adoption, today announced the purchase of 10,000 ETH at an average price of $1,611 per ETH, bringing total ETH holdings1 to 886,725. The Company also announced the repurchase of 2,132,773 shares of its common stock in the open market at an average purchase price of $4.69 per share in connection with its ongoing stock buyback program.
Key Company Highlights for the Week Ending June 28, 2026
Raised $75 million via a registered direct offering of common stock and warrants.Bought 10,000 ETH at an average price of approximately $1,611 per ETH.Total ETH holdings1 increased to 886,725.Repurchased 2,132,773 shares of common stock, bringing total to 4,071,223 shares repurchased since initiating its buyback program in August 2025. The Company's ETH purchases reflect its continued commitment to growing its ETH treasury as a long-term reserve asset. Separately, pursuant to its ongoing stock buyback program, Sharplink has repurchased its common stock, which it believes is significantly undervalued.
"The successful completion of our $75 million registered direct offering last week has strengthened our balance sheet and provided the capital to support our active ETH treasury management strategy. Our capital allocation philosophy is disciplined and straightforward: every financing decision we make is based on our long-term objective to increase ETH per share,” stated Joseph Chalom, CEO of Sharplink.
1 Total ETH holdings held as of June 28, 2026, were comprised of 632,719 native ETH, 181,299 ETH as-if redeemed from LsETH and 72,707 ETH as-if redeemed from weETH.
About Sharplink, Inc.
Sharplink is a leading institutional-grade Ethereum treasury platform designed to give public market investors smarter, more productive exposure to ETH. Ethereum underpins the majority of global stablecoin, tokenized real-world assets and decentralized finance settlement. Sharplink was founded in 2019 and is headquartered in Miami, Florida. Learn more at www.sharplink.com.
Forward-Looking Statement
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and these forward-looking statements are subject to various risks and uncertainties. Such statements include, but are not limited to, goals and expectations regarding the Company’s strategy and potential partnerships, and other statements accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words, but the absence of these words does not mean that a statement is not forward-looking. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the intended use of proceeds from our recent Offering; the potential use of the Company’s ATM facility; the Company’s ability to repurchase additional shares of its common stock under its stock repurchase program; the Company’s ability to achieve and sustain profitable operations; volatility in the market price of ETH and its resulting impact on the Company’s accounting and financial reporting; changes in government regulation of cryptocurrencies and online betting; changes in securities laws or other applicable regulations; fluctuations in customer demand and overall economic conditions; competitive pressures, including competing products, pricing, and sales cycles; the protection and enforcement of the Company’s proprietary rights; and other risks and uncertainties described in the Company’s Annual Report and other filings with the SEC. Under U.S. generally accepted accounting principles, entities are generally required to measure certain crypto assets at fair value, with changes reflected in net income each reporting period. Changes in the fair value of crypto assets could result in significant fluctuations to the balance sheet and income statement results. Additionally, for other certain types of crypto assets, the Company uses the historical costs less impairment model. This model may require the Company to record an associated impairment charge reflected in net income as a result of a decrease in the market price of the crypto assets below the cost value at which the Company’s crypto assets are carried on its balance sheet. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company does not undertake any responsibility to update the forward-looking statements in this press release.
CONTACT:
Sharplink’s Investor Relations Contact:
Sean Mansouri, CFA or Aaron D’Souza | Elevate IR
Phone: (720) 330-2829
Email: [email protected]
SanDisk (NASDAQ: SNDK) stock has come a long way since the first regular session of 2026 as it soared from $275.24 to $2,050.39 at the latest close, and Wall Street analysts appear to believe the rally will slow down only slightly.
SanDisk stock price YTD chart. Source: Google Indeed, Bernstein’s Mark Newman lifted his SNDK 12-month price target from $1,700 to $3,000 on June 19 for a 46.31% predicted rally, while confirming he still considers the equity a ‘Buy.’
According to the Wall Street analyst, SanDisk’s more recent memory deals provide substantial tailwinds to the stock due to several key differences compared to previous agreements.
Specifically, Newman highlighted that the newer batch is more favorable to the seller – SanDisk – than to the buyers, considering it features fixed or range-bound prices, has longer terms, and boasts mechanisms to lock in customers such as upfront financial commitments.
Wall Street sets SanDisk stock price target for the next 12 months Meanwhile, SNDK shares’ rapid rally in 2026 has led to a quaint situation on stock price target aggregator sites. For example, SanDisk is considered a ‘Strong Buy’ on the popular analysis platform TipRanks despite being expected to fall 4.68% to $1,954.38 in the next 12 months on average.
Wall Street analysts predict SanDisk stock price target for next 12 months. Source: TipRanks Still, the more recent forecast updates indicate that the mismatch is a quirk of aggregators taking account of all notes provided in the last three months, rather than a sign of waning confidence.
Between May 1 and press time on June 30, there has been only one ‘Neutral’ rating – issued by RBC Capital analyst Srini Pajjuri and accompanied by a $1,000 price target – for SNDK shares and no ‘Sell’ recommendations.
Simultaneously, the bullish forecasts have been piling up, with a majority of them featuring significant stock price estimate upgrades.
Specifically, most revisions published since June started featured significant forecast updates, usually lifting the older and once bullish expectations to new targets well above $2,000, with Bernstein’s increase to $3,000 being the most recent – and one of the biggest – example.
The only exception to the trend came on June 22, when Joseph Moore, a Morgan Stanley (NYSE: MS) analyst, rated SNDK stock a ‘Buy’ but kept his previous $1,750 prediction, effectively warning of a 14.65% decline over the next 52 weeks.
Featured image via Shutterstock
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TORONTO, June 30, 2026 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (NASDAQ: POET), the designer and developer of Photonic Integrated Circuits (PICs), light sources and optical modules for the AI and data center markets, today reported the voting results of its Annual General Meeting (the “AGM”), which was held virtually on Friday, June 26, 2026, and recapped highlights from the presentation given by Chairman & CEO Dr. Suresh Venkatesan.
June 30, 2026 06:30 ET | Source: FTAI Aviation Ltd.
NEW YORK, June 30, 2026 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI; the "Company" or “FTAI”) plans to announce its financial results for the second quarter 2026 after the closing of Nasdaq on Wednesday, July 29, 2026. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, https://www.ftaiaviation.com/.
In addition, management will host a conference call on Thursday, July 30, 2026 at 8:00 A.M. Eastern Time. The conference call may be accessed by registering via the following link https://register-conf.media-server.com/register/BI9c65a898178b489f8ac3487fcee4b03f. Once registered, participants will receive a dial-in and unique pin to access the call.
A simultaneous webcast of the conference call will be available to the public on a listen-only basis at https://www.ftaiaviation.com/. Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast.
A replay of the conference call will be available after 11:30 A.M. on Thursday, July 30, 2026 through 11:30 A.M. on Thursday, August 6, 2026 on https://ir.ftaiaviation.com/news-events/event-calendar/.
The information contained on, or accessible through, any websites included in this press release is not incorporated by reference into, and should not be considered a part of, this press release.
About FTAI Aviation Ltd.
FTAI owns and maintains CFM56 and V2500 aircraft engines that power the world’s most widely used commercial aircraft. FTAI’s differentiated Maintenance, Repair and Exchange (“MRE”) product offers time and cost savings to airlines and asset owners globally. In addition, FTAI acquires and manages on-lease aircraft and engines in partnership with institutional investors. Additional information is available at https://www.ftaiaviation.com/.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that it will release its 2026 second quarter financial results after the market closes on Wednesday July 29, 2026 and will host an investor conference call related to this release on Thursday July 30, 2026 at 8:30 am Eastern Time.
A live audio webcast of the conference call can be accessed by logging onto the Company's Investors page at investors.gflenv.com or by clicking here or listeners may access the call toll-free by dialing 1-833-769-6440 in Canada or 1-833-461-5787 in the United States (meeting ID: 884 908 323) approximately 15 minutes prior to the scheduled start time.
The Company encourages participants who will be dialing in to pre-register for the conference call using the following link: https://events.q4inc.com/analyst/884908323?pwd=PWAeME8n. Callers who pre-register will be given a conference access code and PIN to gain immediate access to the call and bypass the live operator on the day of the call.
About GFL
GFL is the fourth largest diversified environmental services company in North America, providing comprehensive solid waste management services from its platform of facilities throughout Canada and 18 U.S. states. GFL has a workforce of more than 15,000 employees across its organization.
For more information:
Patrick Dovigi
+1 905-326-0101
[email protected]
Space Exploration Technologies (SPCX +7.18%), more commonly called SpaceX, has taken investors on a roller-coaster ride during its first couple of weeks as a publicly traded company. This likely surprised nobody, since there was so much hype before the IPO on June 12. But what about the coming months? By the end of 2026, SpaceX's stock will have had time to stabilize, but I predict it won't be in a place that bulls love.
Image source: The Motley Fool.
How big is the market's appetite for risk? When you have a company like SpaceX, which isn't producing any profits, isn't growing super-fast, and is mostly promising investors a share of a big future, how well the stock does relates directly to the market's risk appetite. This can change by the day, and currently, we're in a downturn for risk appetite.
The move to caution may increase as we get closer to November's midterm elections. And growing skepticism about corporate spending on artificial intelligence (AI) could further dampen investors' appetite for risk. SpaceX is partly an AI company as a chunk of its business is xAI, the company behind Grok. SpaceX acquired xAI not long before it went public, and it's raising significant money to build out its AI computing footprint.
Like many of the AI hyperscalers, there hasn't been a meaningful return on investment yet, and it's a lot of spending now to secure the future. However, the difference between SpaceX and some of the hyperscalers is that it doesn't have as strong a base business to generate cash.
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This could be the Achilles' heel of SpaceX's stock. Its current cash cow, Starlink, can't fund all of its parent company's aspirations in AI and space exploration. This may cause the sentiment for the shares to turn negative, sinking their price. But by how much?
Wall Street's current estimates for 2026's revenue are about $37 billion. Expensive stocks trade for 20 times sales. Best-in-class stocks with huge upside and a safe market may trade for 30 to 40 times sales.
If SpaceX traded for 50 times sales, that would price the stock at a market cap of $1.85 trillion, assuming it hits analyst growth projections, and that would be down about 14.5% from Monday's close. That same drop would put the share price at $140, below the stock's opening price of $150 on June 12. I wouldn't be surprised if SpaceX shares are far lower than that in six months.
SpaceX NASDAQ: SPCX will bypass traditional public market seasoning requirements to enter the Nasdaq-100 index on July 7. This regulatory shift triggers an estimated $4.3 billion in forced institutional buying just weeks after the initial public offering. Paired with a rumored terrestrial backhaul partnership that positions Starlink Mobile to immediately challenge legacy telecom providers, SpaceX commands a near-term liquidity catalyst capable of temporarily overriding structural valuation headwinds.
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Index Gravity Squeeze: Front-Running the $4.3B Fast-TrackUsually, a newly public enterprise waits months or even years to join major market indexes. Nasdaq recently amended its eligibility framework, allowing mega-cap initial public offerings (IPO) to enter the Nasdaq 100 after just 15 trading days. For SpaceX, a $2.10 trillion aerospace sector giant, this fast-track inclusion fundamentally alters the immediate supply-and-demand dynamics.
When a stock enters a major benchmark, passive funds tracking that index have no choice but to buy. These institutional funds do not evaluate price-to-sales ratios or profitability metrics. Their sole mandate is to replicate the index weight accurately.
SpaceX Today
$164.05 +10.82 (+7.06%)
As of 06/29/2026 04:00 PM Eastern
52-Week Range$147.11▼
$225.64Price Target$212.67
J.P. Morgan modeling indicates that the July 7 reconstitution will require approximately $4.3 billion in mechanical passive inflows from benchmarked funds such as the Invesco QQQ Trust NASDAQ: QQQ. This incoming capital heavily compounds the estimated $3 billion SpaceX already absorbed from a recent fast-track inclusion into the Russell 1000 index.
This immense institutional buying pressure currently meets a structurally constrained supply of shares. Post-IPO lock-up agreements restrict early investors and executives from immediately liquidating their equity.
Approximately 20% of insider shares will become eligible for sale only after the first public earnings release on Aug. 6. The absence of this float severely restricts available liquidity leading into the July index event.
When billions of dollars of indiscriminate capital chase a capped share count, the resulting friction creates a highly predictable pre-inclusion price squeeze. Smart active managers often front-run these events, accumulating shares beforehand and forcing prices higher as the passive index funds scramble to secure their required allocations before the closing bell.
Ground Control to Charter CommunicationsBeyond the immediate mechanics of index arbitrage, a massive shift is occurring in how broadband and mobile data reach global consumers. Executive-level negotiations are reportedly advancing between SpaceX and Charter Communications Inc. NASDAQ: CHTR to route Starlink Mobile traffic through established terrestrial networks.
Understanding the significance of this move requires examining the massive capital expenditures required by traditional telecommunications. Legacy operators spend tens of billions of dollars laying fiber-optic cables and erecting cell towers to maintain their regional monopolies. Starlink Mobile aims to bypass much of this physical infrastructure by beaming connectivity directly from low Earth orbit to consumer devices. Space-to-ground data transmission requires foundational ground-based routing to handle heavy consumer traffic loads efficiently without severe latency.
Securing ground-based backhaul through a partner like Charter Communications allows Starlink to scale operations as a direct-to-consumer wireless provider instantly. SpaceX can challenge terrestrial network monopolies without bearing the prohibitive costs of building physical infrastructure.
This dual approach of dominating the orbital layer while piggybacking on existing terrestrial fiber rapidly accelerates the timeline for market capture against incumbent wireless carriers like Verizon NYSE: VZ and AT&T NYSE: T. The broader space infrastructure sector benefits heavily from these macro tailwinds as satellite broadband capabilities reach pricing and speed parity with legacy fiber networks, unlocking a massive new global subscriber base.
SpaceX Valuation Floats in the ExosphereAggressive physical and technological expansion requires monumental capital, and fixed-income markets are eager to fund it. SpaceX recently settled a five-tranche, $25 billion unsecured senior bond offering, stretching debt maturities out to 2056.
Institutional order books peaked near $90 billion, demonstrating robust willingness to finance heavy space-based capital expenditures. The proceeds explicitly retire a $20 billion bridge loan tied to earlier xAI infrastructure acquisitions, eliminating near-term maturity risk and securing a longer operational runway for massive satellite deployments.
Still, SpaceX’s current stock price reflects immense future expectations rather than current operational efficiency. At around $165 per share, the market capitalization sits at a towering $2.1 trillion. With annual sales of $19.3 billion, SpaceX commands a staggering price-to-sales ratio of 108. Investors are effectively paying roughly $108 for every single dollar of revenue SpaceX currently generates. Earnings data from May 7, prior to the public listing, showed a $1.27-per-share quarterly loss, contributing to an estimated $4.9 billion annual net deficit.
SpaceX (SPCX) Price Chart for Tuesday, June, 30, 2026
Institutional coverage is increasingly highlighting this fundamental disconnect between price action and core business metrics. Analysts at Morningstar explicitly labeled the $2 trillion valuation as stretched, assigning a much lower fair value of $780 billion. Argus Research recently initiated coverage with a cautious Hold rating.
These financial models warn of potential multiple compression once the Aug. 6 lock-up expires and restricted shares flood the open market. Bondholders are also scrutinizing the lack of current profitability, leading to slight weakness in secondary-market trading as credit spreads widen relative to risk-free Treasuries.
Brace for Re-Entry on August Lock-Up ExpirationThe immediate trajectory for SpaceX relies heavily on market mechanics rather than traditional earnings growth or deep value metrics. The $4.3 billion mandatory allocation from index trackers creates an undeniable short-term demand shock. Strategic investors often capitalize on this exact type of market structure, recognizing that forced institutional buying creates price inefficiencies that operate completely disconnected from fundamental valuation models.
Simultaneously, the broader space sector remains highly attractive as direct-to-device satellite communication transitions from a conceptual technology to a commercially viable reality. Strategic partnerships that provide terrestrial backhaul validate the Starlink business model and open up massive new addressable markets previously locked down by regional telecom providers.
Investors looking to navigate this specific environment might consider closely monitoring the daily trading volume leading up to the July 6 closing bell. The mechanics of index inclusion offer a clear, near-term liquidity catalyst for SpaceX, but cautious market participants may prefer to wait for the Aug. 6 lock-up expiration to assess how early insiders handle their newly liquid equity before committing long-term capital to the aerospace leader.
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I keep hitting the buy button on Apple (NASDAQ:AAPL | AAPL Price Prediction), and July is the month I am leaning in hardest. The pullback over the last month gave me the entry I wanted, and the catalyst I have been waiting on lands on the calendar in roughly four weeks. This is the position I have been adding to all year, and I am not done.
What pulls me back to the buy button is simple. Apple sells a device that 2.5 billion people refuse to put down, then rents them software, storage, music, and payments for the rest of their lives. The hardware locks them in. The Services business prints the rent. That is the entire thesis in two sentences, and every quarter the data hardens it.
The three reasons I keep buying First, the earnings cadence. Apple has now posted eight consecutive quarters of EPS beats, with the most recent quarter delivering $2.01 against a $1.94 consensus. Revenue came in at $111.18 billion, up 16.6% year over year, with double-digit growth across every geographic segment. iPhone revenue alone hit $56.99 billion on what Tim Cook described as “extraordinary demand for the iPhone 17 lineup“. That is operational consistency I will pay up for.
Second, the Services flywheel. Services revenue reached $30.98 billion last quarter, growing 16.1% year over year, sitting on top of a gross profit of $54.78 billion and an operating margin north of 32%. Return on equity sits at 171.4% and return on invested capital at 53.3%. Those are utility-grade recurring revenues attached to luxury-grade margins.
Third, the capital return. The board approved a fresh $100 billion buyback authorization and lifted the dividend 4% to $0.27 per share. In fiscal 2025 alone, Apple repurchased $90.71 billion of its own stock. Every quarter I hold, my slice of the pie gets bigger without me lifting a finger.
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The risk I will not pretend away The valuation is rich. A P/E of 37 and forward P/E of 29 leave no margin for a stumble. Greater China is the other live wire. It cratered to $14.49 billion in the September 2025 quarter before snapping back to $25.53 billion in the December quarter. Tariffs, trade policy, and component sourcing out of Asia stay on my watch list every single day.
What keeps the thesis intact is the math underneath the multiple. Net income grew 19.36% last quarter, gross profit grew 22.1%, and operating cash flow in the December quarter jumped 80.14% year over year. When earnings compound faster than the multiple expands, the premium pays for itself.
Why July is the month The next earnings report drops July 30, 2026, after the close. The stock is down 8.71% over the past month to $283.78, even though shares are up 41.75% over the past year and 1,232% over the past decade. Analysts polled on Wall Street currently carry a target of $315.09, with 7 Strong Buy and 23 Buy ratings against three sells.
I am buying a business with 2.5 billion daily customers, a recurring revenue engine that prints at software margins, and a management team writing $100 billion checks to repurchase its own equity. The buy button stays active for me through July, through the report, and through every quarter after it.
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Mark Zuckerberg has recently directed a team to build a standalone prediction-market app, internally called “Arena” (and also codenamed Antwerp and FBForecast), to rival Kalshi and Polymarket. The market already noticed. Retail chatter on Reddit picked it up with a “Meta is reportedly building a play-money prediction market app” thread that drew 35 upvotes and 47 comments on June 27, modest interest quickly drowned out by AI competition worries.
Meta Platforms (NASDAQ:META | META Price Prediction) trades at $564, with the stock down 13.2% year to date. Any new product line lands in a market already skeptical of capital allocation here.
What “Arena” reportedly is Arena would launch with virtual “play money” or points rather than real-cash wagering, sidestepping the gambling regulator gauntlet that Kalshi and Polymarket have spent years arguing through. It would use Meta’s Llama models to auto-generate questions from trending topics and resolve markets in near real-time.
That leverages the AI stack Meta is already paying for, with full-year 2026 capex guided to $125 billion to $145 billion. If you have the GPUs, point them at something.
Sizing the opportunity The category is surging. Combined Kalshi and Polymarket volume reached roughly $24 billion per month, Kalshi is worth around $22 billion, and some analysts project the sector could reach $1 trillion.
Against Meta’s $1.4 trillion market cap and $55.02 billion in Q1 advertising revenue, even the bullish version of this market is a rounding error today. The strategic logic here is engagement and data, with near-term revenue largely beside the point.
Why “dominate” could be the wrong word A points-based app generates no direct revenue at launch. The legal landscape is in limbo with dozens of pending lawsuits, and the launch has drawn political heat, including criticism from Senator Blumenthal. Meta’s record on adjacent bets is mixed.
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The Libra/Diem stablecoin was abandoned, and Reality Labs has accumulated more than $70 billion in losses, including a $4.03 billion operating loss in Q1 2026 alone. The company absorbs experiments. It does not necessarily execute them well outside the core ad system.
That said, Meta has a massive base of users it can soft-advertise this app to if it does come live. If you are a Facebook or an Instagram user, you have likely seen some snippets from Threads, which is another platform by Meta.
Of course, doing the same with a prediction market app could end up doing more harm than good. Most of Facebook’s users are not tech-savvy, so online gambling ads will be very controversial. But again, Facebook allows third-party gambling ads in countries where online gambling is allowed. Things will get iffy if Meta itself pushes the gambling platforms it owns to its users.
Regardless, the app remains tentative, so anything of that sort is unlikely.
A grounded verdict Meta has the distribution, with 3.56 billion family daily active people, the AI infrastructure, and the patience to lose money on optionality. That combination matters.
However, a reported, unconfirmed, play-money product facing regulatory uncertainty and political scrutiny is a hypothesis worth watching while the evidence accumulates. Polymarket itself is currently pricing a 61% probability that Meta finishes 2026 at a higher valuation than OpenAI, which captures the broader bet better than any Arena speculation.
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Elon Musk recently said he thinks Space Exploration Technologies (SPCX +7.18%), or SpaceX, could be generating $1 trillion in annual revenue by 2030. That's an astounding projection given that the business generated roughly $18.7 billion in sales last year. For some additional context, the business grew revenue 33% annually to reach last year's revenue level.
If SpaceX were to reach $1 trillion in revenue by 2030, the company would need to grow its revenue roughly 5,248% over 2025's figure to hit that target. In other words, the company would need to grow its revenue at an average annual rate of 121.6% each year to hit that target -- an enormous rate of growth to deliver on average over a five-year period. On the other hand, the target could start to look far more reachable if it factors in an anticipated merger between SpaceX and Tesla (TSLA +8.49%).
Image source: Getty Images.
Is a Tesla merger Musk's path to getting SpaceX to $1 trillion in revenue? Last year, Tesla posted roughly $94.83 billion in annual revenue. Notably, the company's sales actually declined roughly 3% year over year in the period -- marking the first-ever annual revenue decline in the business's history.
If you combined Tesla's and SpaceX's revenue for 2025, you'd reach roughly $103.5 billion in annual sales. Based on that figure, the combined business would need to grow revenue at a 57.4% compound annual growth rate (CAGR) over a five-year period.
That CAGR actually looks far more achievable because SpaceX grew revenue 33% last year, and it seems like there's a good chance that sales growth will actually accelerate this year, thanks to new artificial intelligence (AI) processing deals with Alphabet and other customers, along with continued growth for the company's rocket-launching and Starlink services.
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With Tesla revenue currently declining and accounting for the vast majority of the two companies' combined revenue, the electric vehicle (EV) business could actually be a substantial drag on CAGR if the two companies were combined. Overall demand in the EV market has cooled, and Tesla in particular has seen significant declines in vehicle sales.
On the other hand, it's not unreasonable to expect Tesla to start recording real revenue from its robotaxi and humanoid robotics businesses within the next five years, offsetting potential continued declines in automotive revenue.
With the monumental growth needed to get SpaceX to $1 trillion in sales within the next five years in mind, it's possible that Elon Musk is hinting that a merger between SpaceX and Tesla is on the horizon. Of course, it's possible that he really believes SpaceX alone will reach $1 trillion in revenue by 2030. It's also possible that the famously ambitious tech leader is throwing out highly optimistic projections to help generate excitement among investors and shore up support for the company's highly growth-dependent valuation.
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British regulators want Apple and Google to let developers steer users to payment methods beyond the company’s app stores.
The Competition and Markets Authority (CMA) issued a proposal Tuesday (June 30) that would lift the restrictions imposed by the companies that prevent app developers from directing users to alternative methods of payment.
“We think it is important to give both app developers and users more choice about how they communicate and how they transact,” Will Hayter, executive director for digital markets at the CMA, said in the watchdog’s announcement.
“This is not only because choice is inherently valuable but also because we see this as the best way to introduce some competitive pressure in a vital part of the mobile ecosystem that is otherwise sorely lacking such pressure.”
The CMA says it would expect any steering fees to be lower than current app store charges, with savings returned to British consumers or invested into developers’ businesses.
The release added that the CMA had heard concerns from businesses that Apple’s “high fees and strict terms” had barred access to near field communication (NFC) functionality. Now the regulator said it is “designing a potential requirement” that would permit access for developers.
Unblocking the restriction would allow British FinTechs and developers to support contactless transactions, such as card-based payments via digital wallets, from within their iOS apps.
“Doing so would help unlock innovation and competition by supporting future payment methods such as account-to-account, digital currency and stablecoin, as well as other non-financial uses, including digital ID and car keys,” the release added.
A report on the CMA proposal by the Financial Times includes a statement from Apple arguing that the policy would “undermine” the App Store’s consumer protections, “opening the door to scams, bait-and-switch tactics and the circumvention of parental controls.” Google told the news outlet it had already reduced its fees.
The CMA’s proposal comes one day after a report that Apple had intensified its legal battle with India’s competition regulator over the company’s app store policies. Apple has consistently denied breaking Indian antitrust laws.
The company’s app store policies have also faced pushback from developers in the European Union, and were the subject of a lawsuit in China last year. Apple is also facing antitrust litigation in the U.S. related to the app store.
Apple released findings earlier this month showing that the app store facilitated more than $1.4 trillion in developer sales/billings during 2025, and that those developers paid no commission to Apple for 90% of transactions.
“Developers are the heartbeat of the App Store, and this year’s incredible milestone is a testament to their boundless creativity,” Apple CEO Tim Cook said in a news release at the time.
Prime members can save $0.50 per gallon on fuel during the Fourth of July weekend, plus savings on barbecue grocery items like grilling meats under $10, summer produce under $4, and party-size snacks and frozen treats starting at $2.
Prime Access members will receive an exclusive $5 monthly grocery credit from July through September, applied automatically at checkout on orders of $25 or more—up to $15 in grocery savings over the summer to help households unlock the convenience of fast, free delivery on everyday essential grocery items.
SEATTLE--(BUSINESS WIRE)--Amazon (NASDAQ: AMZN) today introduced new summer savings for Prime members just in time for the Fourth of July, including $0.50 per gallon fuel savings, timely savings on barbecue grocery items alongside free Same-Day Delivery in eligible areas, and an exclusive monthly grocery credit for Prime Access members.
"Summer is a time for making memories, and Prime is here to make the entertaining more affordable," said Carmen Nestares, vice president, North America Prime and Marketing Tech. "Prime delivers unmatched savings every day, and this July 4 holiday we’re excited to introduce $0.50 per gallon fuel savings, low prices on everything you need to set up the summer spread, and a monthly savings boost to carry Prime Access families through the summer fun."
Fuel Your Fourth of July Travel
Tens of millions of Americans are expected to hit the road during the Fourth of July weekend, and Prime members can enjoy extra fuel savings. Prime, Prime Access, and Prime for Young Adults members can save $0.50 per gallon on one fuel purchase during the Fourth of July weekend, July 2 to 5, at more than 7,500 bp, Amoco, and participating ampm and Thorntons locations across the U.S. Every day throughout the year, Prime members enjoy fuel savings of $0.10 per gallon, and households can double the savings across two transactions with Amazon Family. Members can link their membership with the bp loyalty account, earnify, to start saving on every fill-up. Visit amazon.com/fuelsavings to learn more and get started. Terms apply.
More in Your Grocery Cart, Less at Checkout
Prime members enjoy great value across Same-Day Delivery, Whole Foods Market, and Amazon Fresh every day and every season, and when it's time to set up the Fourth of July spread, Prime members in eligible areas can order perishable groceries fast and free at everyday low prices with Same-Day Delivery on orders over $25. Today, members in more than 2,300 cities and towns can get fresh groceries, alongside electronics, books, pantry staples, snacks, and everyday household essentials like paper towels and toothpaste, within hours. And with thousands of grocery items displaying the Freshness Guarantee badge on Amazon.com, customers can shop with confidence knowing their perishable groceries will arrive as expected, or Amazon will make it right.
Savings for the Summer Spread
When shopping for groceries on Amazon, Prime members can find everyday low prices across the widest selection, with prices that meet or beat other major retailers. Members can load up on all the barbecue essentials for their summer celebrations in one cart, from grilling meats to frozen treats, for less than $20. That includes:
Entertaining Essentials Starting at $2: Stock-up on party-size Ruffles and Lay's chips, Amazon Grocery ready-to-serve potato salad, frozen treats like Talenti gelato and So Delicious vegan ice cream, and Ghirardelli intense dark chocolate and Jet-Puffed marshmallows.Summer Produce Under $4: Brighten up the table with Wonderful Seedless Lemons and sweet corn.Grilling Meats Under $10: Fire up the grill with Amazon Grocery chicken thighs, Amazon Grocery 85% lean ground beef burgers, and Ball Park Classic Hot Dogs.Sweeten the deal with online and in-store savings from Whole Foods Market. From July 1 to July 7, Prime members can enjoy 50% off ice cream and frozen treats, including products from Van Leeuwen, So Delicious, and Jeni’s.
Prime Access-Exclusive Grocery Savings
Prime Access provides eligible government assistance recipients and income-verified customers with the full Prime experience, discounted at more than 50% off the monthly price. This summer, Prime Access members can look forward to added grocery savings and convenience.
From July to September, Prime Access members will receive an exclusive $5 credit at the start of each month, applied automatically at checkout on eligible orders of $25 or more. That's up to $15 in grocery savings over the summer. The credit applies to eligible everyday essential grocery items available on Amazon.com, including breakfast, baby foods, pantry staples, snacks, beverages, and more.
Prime Access members can head to Amazon Access to explore programs that make shopping on Amazon even more affordable. There, Prime Access members can use SNAP payment methods on EBT-eligible items from Amazon.com, Amazon Fresh, and Whole Foods Market where available. That includes Summer EBT, a federal program providing grocery benefits to families with school-age children during the summer months, helping bridge the gap when school meal programs are not available.
Join Prime Today
Every day, Prime members enjoy Same-Day and Next-Day Delivery on tens of millions of items, access to exclusive deals and shopping events like Prime Day, Alexa+, award-winning content with Prime Video, ad-free listening with Amazon Music, healthcare and prescription savings, and so much more. Anyone can join Prime for $14.99 per month or $139 per year or start a free 30-day trial if eligible at amazon.com/prime.
Government assistance recipients and income-verified customers can try Prime Access for 30 days, then pay $6.99 per month. Prime Access includes all of Prime’s benefits plus the exclusive monthly grocery credit. Verify eligibility at amazon.com/getprimeaccess. Eligible new higher-education students and 18- to 24-year-olds can try Prime for Young Adults for six months at $0, then pay $7.49/month or $69/year. Sign up at amazon.com/youngadult.
About Prime
Prime provides the best value because it bundles savings, convenience, and entertainment into a single membership. In the U.S., that includes more than 300 million items across over 35 categories with free Prime shipping, including tens of millions of items available with Same-Day or Next-Day Delivery, and free Same-Day Delivery on grocery orders over $25 in most areas. Prime members enjoy added savings and convenience with discounts on 1-hour and 2-hour delivery on fresh groceries and everyday essentials from Whole Foods Market and Amazon Fresh, 1-hour and 3-hour delivery on over 90,000 items available on Amazon.com in select cities and towns, and where available ultra-fast delivery in about 30 minutes or less on fresh groceries and everyday essentials with Amazon Now. Prime members also enjoy exclusive deals and shopping events like Prime Day, movies, shows, and live sports with Prime Video, ad-free listening with Amazon Music, cloud gaming with Amazon Luna, savings across healthcare, prescription medications, restaurant delivery, and fuel, and Alexa+. Prime members can also share a broad range of benefits with others in their household with Amazon Family. Anyone can join Prime for $14.99 per month or $139 per year or start a free 30-day trial if eligible at amazon.com/prime. Amazon ensures Prime is accessible by offering discounted memberships to higher-education students and young adults ages 18-24 with Prime for Young Adults, as well as qualifying government assistance recipients and income-verified customers with Prime Access.
About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.
Amazon (AMZN) is facing fresh legal pressure on 2 fronts, agreeing to pay $2.25 million to settle a U.S. FTC case while also facing a lawsuit in Australia over
Trade tensions appeared to cool after the U.S. and European Union reached a trade agreement capping most EU exports to the U.S. with a 15% tariff ceiling. For investors, that looked like a welcome step toward greater certainty after months of tariff negotiations.
Yet trade policy rarely stays settled for long. President Trump has now opened a new front in the global trade debate by targeting digital services taxes, or DSTs, arguing they unfairly single out America’s largest technology companies. That shifts the conversation from steel, automobiles, and consumer goods to software, online advertising, cloud computing, and e-commerce.
Digital Taxes Put Big Tech In the Spotlight Unlike traditional corporate income taxes, digital services taxes target revenue generated from digital platforms rather than profits. According to the Tax Foundation, roughly half of European countries are discussing, proposing, or have already implemented some form of DST aimed largely at multinational technology companies.
The U.K. has imposed a 2% digital services tax since 2020 on revenues generated by search engines, social media companies, and online marketplaces that derive value from U.K. users. France, Italy, Spain, Austria, and Canada have enacted similar measures, according to the Tax Foundation and each country’s finance ministry.
Trump has made clear he views those taxes as discriminatory. In a Truth Social post, he said any country imposing a digital services tax on U.S. companies would face a 100% tariff on all goods exported to the U.S.. Earlier this month, he warned France that its wine and champagne would face a 100% tariff if it moved forward with expanding its digital tax regime.
The Legal Battle Over Tariffs Isn’t Over The White House also faces legal questions over how such tariffs would be implemented.
Last year, the Supreme Court struck down Trump’s reciprocal tariff framework that relied on the International Emergency Economic Powers Act, limiting the administration’s ability to impose broad tariffs under emergency powers. In response, Trump immediately invoked Section 122 of the Trade Act of 1974 to establish a new 10% global tariff.
That authority comes with an important limitation. Section 122 tariffs can remain in place for only 150 days unless Congress approves an extension. That means any long-term tariff campaign tied to digital services taxes could require either new legal authority or congressional support.
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Granted, legal uncertainty doesn’t necessarily prevent markets from reacting. Investors often price in policy risk long before courts or lawmakers reach a final decision.
These Tech Giants Have the Most at Stake Digital services taxes primarily affect companies generating large amounts of advertising, marketplace, software, or cloud revenue across Europe. These five are the most exposed:
Company Primary exposure to DSTs Alphabet (NASDAQ:GOOG | GOOG Price Prediction) Google Search and YouTube advertising throughout Europe Amazon (NASDAQ:AMZN) Marketplace commissions and seller fees, particularly in the U.K. and France Apple (NASDAQ:AAPL) App Store commissions and broader European consumer exposure if retaliation expands Meta Platforms (NASDAQ:META) European and U.K. advertising revenue from Facebook and Instagram Microsoft (NASDAQ:MSFT) Azure cloud services, enterprise software, and digital subscriptions The largest beneficiaries of eliminating DSTs would likely be Meta and Alphabet because advertising revenue forms the core of both companies’ business models. Amazon’s marketplace business also faces direct exposure, while Apple’s App Store commissions fall within many governments’ definition of taxable digital services. Microsoft faces less direct exposure but still generates billions in European cloud and software revenue.
That said, investors should also consider the other side of the equation. If Europe retaliates against U.S. tariffs with new taxes or import restrictions, companies like Apple and Amazon could face pressure on their broader international operations.
Key Takeaway The latest tariff threat suggests trade tensions are evolving rather than disappearing. The U.S.-EU agreement lowered uncertainty for traditional goods by establishing a 15% tariff ceiling, but digital services taxes have emerged as the next battleground.
For investors, the companies to watch remain Meta, Alphabet, Amazon, Apple, and Microsoft because each generates meaningful revenue from European digital markets. Regardless of whether the administration ultimately has the legal authority to impose lasting 100% tariffs, policy headlines alone can move markets. Smart investors should pay as much attention to Washington and Brussels as they do quarterly earnings over the coming months.
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A securities fraud class action lawsuit has been filed on behalf of Microsoft investors after its stock plummeted 10% because Microsoft allegedly misled investors regarding its AI chatbot Copilot and cloud computing platform Azure.
, /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Microsoft Corporation (NASDAQ: MSFT) and certain of the Company's senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws.
If you invested in Microsoft, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/microsoft-class-action-lawsuit.
Key Details of the Microsoft ($MSFT) Class Action:
Lead Plaintiff Deadline: August 11, 2026 Alleged Misconduct: Securities fraud alleging that Microsoft misled investors regarding its Azure cloud computing platform and AI chatbot Copilot Stock Drop: January 28, 2026 – 10% Stock Drop Court: U.S. District Court for the Western District of Washington Action: Contact BFA Law to discuss your rights Investors have until August 11, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Microsoft common stock. The class action is pending in the U.S. District Court for the Western District of Washington. It is captioned City of St. Clair Shores Police and Fire Retirement System, et al., No. 26-cv-02071.
Why is Microsoft Being Sued for Securities Fraud?
Microsoft is a multinational technology company that develops software, cloud services, and devices. In recent years, Microsoft's cloud computing platform named Azure has been Microsoft's main growth driver. A key reason for Azure's recent growth is Microsoft's multi-billion-dollar investment into AI, including the development of its own generative AI chatbot named Copilot.
According to the complaint, during the relevant period, Microsoft consistently touted Copilot's best-in-class capabilities, which purportedly drove widespread and growing user adoption. Copilot's apparent success allowed Microsoft to report surging Azure-related revenue.
As alleged, in truth, Copilot suffered from severe functionality issues that caused user adoption to decline and put Microsoft's Azure revenue at risk.
Why did Microsoft's Stock Drop?
On January 28, 2026, Microsoft announced disappointing 2Q 2026 financial results and that Azure growth had slowed suddenly. Microsoft also allegedly revealed for the first time that the number of Microsoft 365 Copilot premium customers totaled only 15 million, materially below analyst estimates.
This news caused the price of Microsoft common stock to decline $48.13 per share, or 10%, from $481.63 per share on January 28, 2026, to $433.50 per share on January 29, 2026.
Additionally, on February 3, 2026, The Wall Street Journal reported in an article titled "Microsoft's Pivotal AI Product Is Running Into Big Problems" that severe challenges and functionality issues had plagued Copilot, causing the application to lose market share. Specifically, The Wall Street Journal reported that "[c]onfusing brand positioning and interoperability problems have frustrated users."
Click here for more information: https://www.bfalaw.com/cases/microsoft-class-action-lawsuit.
What Can You Do?
If you invested in Microsoft, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff's securities litigation law firm, with clients noting: "[t]here is no better service provider in the practice area," "[t]he interest of the client is always front and center," and "[t]here isn't a better firm in this space." One testimonial described the firm as "nimble and entrepreneurial," with a "relentless focus on adding value for clients."
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
Citi has reiterated its 'buy' rating on Bridgepoint Group PLC (LSE:BPT), the London-listed private equity firm, after the company confirmed the acquisition of US real estate manager Kayne Anderson Real Estate.
The deal, which Bridgepoint announced after Citi set out its initial thoughts over the weekend, values the $22 billion assets target at an enterprise value of $1.4 billion.
Citi highlighted that Bridgepoint expects the transaction to boost earnings per share.
The company has guided to single-digit accretion in 2027, rising to more than 20% in 2028, which Citi assumes is before any synergies.
The broker said it expected a positive market reaction to the deal, having flagged that view previously.
Bridgepoint also updated guidance for its standalone business and, in a move Citi singled out, upgraded its fundraising guidance.
The bank noted that management fee revenue guidance had been reiterated, with consensus sitting well below that level.
Medium-term cost growth is now expected to be in the mid-single digits, in line with consensus.
Citi said the combination of upgraded fundraising guidance and the earnings-accretive deal should drive a further positive reaction in the shares.
The broker pointed to what it described as an undemanding valuation and significant upside to consensus expectations as supporting its rating.
Kayne Anderson Real Estate is the property investment arm of Kayne Anderson, a US alternative asset manager.
Citi's note frames the acquisition as a meaningful addition to Bridgepoint's scale, expanding the firm's reach in real estate assets under management.
Nike heads into its fiscal fourth-quarter earnings report this week with expectations at multi-year lows, as investors look for evidence that the sportswear giant can revive growth after years of slowing sales, market share losses and mounting competitive pressure.
The company is due to report results on Tuesday afternoon, with analysts expecting earnings of 12 cents a share, down from 14 cents a year earlier, on revenue of $10.85 billion compared with $11.1 billion in the same quarter last year, according to FactSet.
Once one of the biggest winners during the pandemic, NKE has struggled to sustain that momentum.
Its shares have fallen about 75% from their 2021 highs and are down roughly 35% since the beginning of 2026, reflecting investor concerns over slowing demand and an uncertain turnaround.
Several brokerages have trimmed their expectations ahead of the earnings release, although many believe the low bar could leave room for a positive market reaction if management provides encouraging guidance.
JPMorgan on Monday reduced its price target on Nike to $47 from $52 while maintaining a Neutral rating.
The brokerage also lowered its fiscal 2027 earnings-per-share estimate to $1.58 from $1.63 after conducting channel checks that pointed to weakening sales trends.
The bank said business conditions had softened across key markets, with demand deteriorating during its fieldwork.
It described Nike's forward fundamentals as being "in flux," suggesting uncertainty remains around the pace of recovery.
Even so, JPMorgan's revised target still represents about 13% upside from the stock's previous closing price.
Other analysts have also become more cautious.
Stifel lowered its price target to $50 from $56 while maintaining a Hold rating, however, saying it is "not ready to call a bottom" for Nike shares ahead of the earnings report.
The brokerage cited continued market share losses and subdued demand across the athletic footwear market.
Analyst Peter McGoldrick said Nike's leadership position alone would not necessarily translate into stronger shareholder returns without renewed product innovation or a meaningful shift in consumer preferences.
Stifel also pointed to challenger brands as offering more attractive risk-reward opportunities and said recent executive changes, including the finance leadership transition, were unlikely to materially improve sentiment before the company's investor day planned for later this year.
Oppenheimer also reduced its price target, cutting it to $60 from $120 while retaining its Outperform rating.
The firm expects Nike to continue aggressively repositioning its business as it works through execution challenges, weaker consumer spending, and macroeconomic pressures across both domestic and international markets.
While quarterly numbers will be closely watched, analysts believe management's outlook for the coming year could prove even more important for investors.
Wall Street is expected to focus on the company's updated turnaround timeline following Nike's announcement last week that David Denton, currently chief financial officer at Pfizer, will take over as finance chief on Aug
17, replacing Matthew Friend.
Jefferies analysts expect Nike to adopt a conservative approach to guidance, allowing Denton to establish longer-term financial targets during the company's investor day later this year.
KeyBanc last week downgraded Nike to Sector Weight, arguing that the company's recovery is progressing more slowly than previously anticipated.
The brokerage pointed to persistent weakness in China and Europe, intensifying competition from newer athletic brands, and another round of management changes as reasons to remain cautious.
Although KeyBanc acknowledged that Nike had made progress in rebuilding relationships with wholesale partners and improving operational execution, it stated that investors may need to wait until the investor day before gaining greater confidence that the turnaround is firmly on track.
The firm also noted that Nike continues to trade at a valuation premium to many of its peers despite the uncertain outlook.
Analysts will also be paying close attention to Nike's comments on its FIFA World Cup strategy, with the tournament seen as a potential catalyst for sales growth.
However, expectations have become more restrained.
KeyBanc analysts said the company's opportunity to differentiate itself during the tournament may have been diluted because several competing brands have also supplied players with pink football boots.
The brokerage said the industry's widespread adoption of similar designs "blurs the brand distinction NKE was looking for," limiting the potential upside from boot sales during the tournament.
With earnings growth largely stalled and revenue remaining broadly flat over the past three quarters, investors are likely to judge Tuesday's results less on the reported figures and more on whether management can convince the market that Nike's long-awaited turnaround is finally beginning to gain traction.
NEW YORK, June 30, 2026 (GLOBE NEWSWIRE) -- Tilray Beer, the fourth largest craft brewer in the U.S. and the beer division of Tilray Brands, Inc. (“Tilray”) (Nasdaq: TLRY; TSX: TLRY), is tapping into Fourth of July weekend with a coast-to-coast lineup of craft beer celebrations that capture the energy, pride and American spirit of the holiday. What better way to celebrate America’s 250th birthday than with great craft beer, live music, fireworks, BBQ favorites, red, white and blue cocktails, exclusive merch, patio games and cooler-ready to-go beer deals at Tilray Beer taprooms across the country. From beach-town celebrations and packed patios to craveable food, festive drinks and local taproom energy, Tilray Beer is giving fans more ways to raise a glass to America’s milestone birthday with the brands they love.
SweetWater Brewing Co. – SweetWater Brewing Co. is bringing Atlanta-sized energy to the holiday weekend, kicking off alongside more than 60,000 runners at the annual Peachtree Road Race before shifting the celebration to the taproom. Guests can keep the day going with early live music, American Lager-themed merch, discounted American Lager crowlers, $4.20 pints of 420, $6 six-packs and $12 twelve-packs to-go, plus limited-edition Fourth of July tie-dye T-shirts and koozies made for fireworks, tailgates, cookouts and cold craft beer.
10 Barrel Brewing – 10 Barrel Brewing is making Fourth of July weekend an all-out craft beer celebration across its pubs in Bend, Portland East, Portland West and Boise. Fans can expect holiday-inspired food and cocktails, packaged beer deals and easy to-go options for fireworks, backyard parties and local events. In Bend, guests can catch the city’s official Fourth of July fireworks display from the Bend East parking lot, while in Boise, 10 Barrel’s food truck will be near the city celebration, serving fans during a live music event expected to draw more than 60,000 people.
Breckenridge Brewery – Breckenridge Brewery is bringing mountain-town excitement to the long weekend with live music, festive pub decorations, food specials, merch offers and frozen slushies made for summer. At the Breckenridge Brew Pub, guests can gather on the deck for a drone show and a limited-time holiday menu. At the Farm House in Littleton, the celebration starts July 2 with a drone show and live symphony performance, then continues on July 4 with more live music and a tie-dye party.
BrewDog US – BrewDog US is turning Independence Day into a coast-to-coast celebration with rooftop views, family-friendly festivities and prime firework experiences across its taprooms. In Las Vegas, guests can take in sweeping Strip views at a rooftop Fourth of July party featuring live music, curated food and drink specials, and premium firework viewing with reserved seating and food and beverage credits available. In Cleveland and Columbus, BrewDog is hosting daytime, family-friendly BBQ celebrations with face painting, shaved ice, bounce houses and more, making it an easy stop before evening firework displays. In New Albany, guests can enjoy a dedicated firework viewing party directly across from the city’s display, with a bottomless buffet, reserved tables and front-row views of the holiday finale. Montauk Brewing Company – Montauk Brewing Company is giving the East End a beach-ready reason to stop by before the fireworks, with free ice cream from John’s Drive-In from 2–4 p.m. and to-go beer specials during the final two hours of the evening for guests heading to the beach, backyard gatherings or holiday plans around town. Blue Point Brewing Co. – Blue Point Brewing Co. is turning Patchogue into a long-weekend destination with a DJ from 3–7 p.m. on July 4, taproom merch specials and food and drink specials to be announced closer to the holiday. On July 5, the party continues with another Boardy Barn-style celebration and signature specials, giving fans one more reason to keep the holiday weekend going.
Hop Valley Brewing – Hop Valley Brewing is serving up a patio party built for summer, with free popsicles, outdoor games, pulled pork, chili dogs, BBQ favorites, red, white and blue layered cocktails and beer slushies. It is an easy, fun stop for families, friends and beer fans looking to make the most of the long weekend.
Terrapin Beer Co. – Terrapin Beer Co. is helping fans fill the cooler and fuel the weekend with to-go beer deals on six-packs, 12-packs and 15-packs for cookouts, lake days and fireworks plans. Guests can also enjoy The Happy Dog food truck and live music from 2 p.m. to 5 p.m., making the taproom a lively stop for fresh beer, food and local Athens energy. Whether guests are looking for beach fireworks, backyard BBQ flavors, city celebrations, soccer watch parties, patio games or cooler-ready beer for the road, Tilray Beer taprooms are ready to deliver a Fourth of July weekend packed with local flavor, fresh craft beer and memorable summer moments. With the global soccer tournament being hosted in the U.S. and streamed live at Tilray Beer taprooms, fans can also cheer on every big moment while enjoying great beer, craveable food and high-energy taproom experiences all weekend long. Guests are encouraged to check their local taproom’s website and social media channels for the latest event details, hours, specials and live programming throughout the holiday weekend.
About Tilray Brands
Tilray Brands, Inc. (“Tilray”) (Nasdaq: TLRY; TSX: TLRY), is a leading global lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe, Australia, and Latin America that is leading as a transformative force at the nexus of cannabis, beverage, wellness, and entertainment, elevating lives through moments of connection. Tilray’s mission is to be a leading premium lifestyle company with a house of brands and innovative products that inspire joy and create memorable experiences. Tilray’s unprecedented platform supports over 40 brands in over 20 countries, including comprehensive cannabis offerings, hemp-based foods, and craft beverages.
For more information on how we are elevating lives through moments of connection, visit Tilray.com and follow @Tilray on all social platforms.
Forward-Looking Statements
Certain statements in this communication that are not historical facts constitute forward-looking information or forward-looking statements (together, “forward-looking statements”) under Canadian and U.S. securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be subject to the “safe harbor” created by those sections and other applicable laws. Forward-looking statements can be identified by words such as “forecast,” “future,” “should,” “could,” “enable,” “potential,” “contemplate,” “believe,” “anticipate,” “estimate,” “plan,” “expect,” “intend,” “may,” “project,” “will,” “would” and the negative of these terms or similar expressions, although not all forward-looking statements contain these identifying words. Certain material factors, estimates, goals, projections, or assumptions were used in drawing the conclusions contained in the forward-looking statements throughout this communication. Forward-looking statements include statements regarding our intentions, beliefs, projections, outlook, analyses, or current expectations. Many factors could cause actual results, performance, or achievement to be materially different from any forward-looking statements, and other risks and uncertainties not presently known to the Company or that the Company deems immaterial could also cause actual results or events to differ materially from those expressed in the forward-looking statements contained herein. For a more detailed discussion of these risks and other factors, see the most recently filed annual information form of Tilray and the Annual Report on Form 10-K (and other periodic reports filed with the SEC) of Tilray made with the SEC and available on EDGAR. The forward-looking statements included in this communication are made as of the date of this communication and the Company does not undertake any obligation to publicly update such forward-looking statements to reflect new information, subsequent events, or otherwise unless required by applicable securities laws.
Nvidia‘s (NASDAQ:NVDA | NVDA Price Prediction) legendary top boss may very well be playing a game of chess while others in the AI scene play checkers. Undoubtedly, with the Vera Rubin era on the horizon and no hesitation from the mega-cap tech giants who are expected to keep on spending mouth-watering sums on CapEx (a lot of which is going towards next-generation AI chips), it feels like Nvidia stock is nothing short of a bargain as the price-to-earnings (P/E) multiple slips below the 30 times mark for the first time in a long time.
Arguably, the Vera Rubin boom alone would be enough reason to pick up the stock as it sags below the $200 per-share level again. And while things are continuing to look up, perhaps way up, for AI demand as we enter the second half of the year, questions linger as to what could happen once custom silicon (think ASICs) looks to displace GPUs in the data centers of tomorrow.
Nvidia stock is under pressure, but it has a new growth pathway as the AI revolution matures The hyperscalers aren’t just backing up the truck on GPUs, but they’re also spending considerable sums on the research and development of AI chips that might just help many of Nvidia’s biggest customers diversify away from the behemoth. In any case, it feels like the market is big enough that Nvidia’s shelves could be emptied and a few custom silicon players could make a move into the space.
Most notably, Alphabet‘s (NASDAQ:GOOG) Google could unlock a significant profit stream for itself as it looks to sell TPUs to firms that would have otherwise bought GPUs. In any case, the big question for Nvidia, though, isn’t just whether the firm can excel by playing defense against a number of firms that want more cost-effective chips for the inference inflection point.
With agentics and robotics on the horizon, a strong case could be made that more than just Nvidia is going to need to step up to the plate to meet that demand. And as other firms begin to make noise with their own silicon, my guess is that the cost of tokens will move lower, bringing forth even more demand. As token costs collapse and large language models (LLMs) become less large, questions linger as to what happens once AI finds its home in the edge.
Don’t discount the potential of local AI compute Indeed, if consumers aren’t so happy to pay for AI subscriptions, perhaps making the hardware investment upfront could be the move. Add backlash and NIMBYism facing new AI data center builds into the equation, and perhaps the edge could represent the next big opportunity in the scene.
Arguably, Apple (NASDAQ:AAPL) already has a solid stage set with its latest foundation models and the architecture behind them (Instruction-Following Pruning) that allows iPhones to pack quite a punch, given the hardware constraints (a minimum of 12GB of RAM in this case).
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Either way, it’s clear that Nvidia’s CEO isn’t just going to wait around as the AI revolution evolves and more people consider how they can use AI most economically. As we shift gears from tokenmaxxing towards deliberate, efficient use, I do think that the edge could be a source of tremendous positive surprises. And it’s not just about phones, either. AI PCs have had a rather sluggish take-off thus far, but that may soon change, especially as Nvidia looks to empower the PCs of tomorrow.
Nvidia’s ticket to the edge AI boom Whether we’re talking about the RTX Spark superchip or the partnership with Microsoft (NASDAQ:MSFT), I do think that Nvidia is well-positioned to have a piece of the edge AI boom. Indeed, the Mac versus PC war could get that much fiercer with edge AI and Nvidia hardware thrown into the equation.
In any case, perhaps Jensen Huang is right on the money when he says things like AI supercomputers might be common in the home. It sounds far-fetched on the surface, but, in my opinion, the stage is already set for such with RTX Spark on the PC side and Apple and its M-series chip on the Mac side. As everyday consumers opt to use more local compute and less from the cloud, I do think that Nvidia is well-positioned to profit.
At the end of the day, Nvidia’s reach spans all major layers of what Jensen Huang refers to as an “AI cake.” And in that regard, shares seem way too cheap today, given that shares still seem priced as a cyclical GPU seller that’s nearing some sort of peak — something that I believe is far from reality.
In my humble opinion, Nvidia has what it takes to win at home and in the cloud.
Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Build-A-Plan empowers customers to adjust their wireless plan month to month based on their budget and needs—and now makes it easier to add America's Best and Fastest Home Internet1 for an awesome price.
Key Takeaways:
More Choice: Build-A-PlanSM customers can personalize their wireless plan to match their needs and their budget and easily add the best and fastest home internet in the process. More Control: The plan allows for flexibility, giving customers the option to add or remove wireless services at any time depending on their needs. More Value: More than half of customers now want the choice to personalize their wireless and have the ability to add broadband.2 With the improved Build-A-Plan experience, customers can now do that and save when they add America's Best and Fastest Home Internet, AT&T Fiber®, or AT&T Internet Air™ starting at $70/mo.3 , /PRNewswire/ -- What's new: On July 7, AT&T is expanding Build-A-Plan, giving customers the ability to customize their unlimited wireless plan and making it easier to add America's Best and Fastest Home Internet—all in one simple process. This builds on our commitment to keep customers connected at home and on the go, reinforcing AT&T's leadership in converged experience. And no other provider at our scale delivers the combined strength of wireless and home internet like AT&T.
Why it matters: Customers want seamless connectivity from a single provider. With Build-A-Plan, we are giving customers a simple, straightforward way to easily buy wireless and add AT&T home internet—while maintaining control over their budget.
More details: AT&T continues to lead in converged connectivity. We were first to offer a single subscription for wireless and home internet at one clear, all-included monthly price when we launched AT&T OneConnect. Now, Build-A-Plan delivers a customized option—letting customers tailor their wireless plan and easily add super-fast and reliable home internet, for a great price. This is our latest effort to simplify the connectivity experience, designed to flex around how people actually live.
Why AT&T Fiber: AT&T Fiber delivers America's Best and Fastest Home Internet—and customers notice. Fiber customers report the highest satisfaction, and those who bundle wireless and home internet see even greater value. With the nation's largest fiber network,4 AT&T is uniquely positioned to deliver a premium, converged experience.
Where fiber isn't available, AT&T Internet Air5 provides fast, reliable home internet powered by America's largest wireless network6—so customers stay connected anywhere they are.
Quotable: "Customers told us they want connectivity that works together seamlessly and the flexibility to choose what fits their lives," said Jenifer Robertson, executive vice president and general manager, AT&T Consumer. "With Build-A-Plan, we've already put customers in control of their wireless experience. Now, by making it easier for them to add AT&T Fiber or AT&T Internet Air, we're giving them even more opportunity to stay connected."
When the connection matters, it has to be AT&T. Start saving Tuesday, July 7: https://www.att.com/plans/build-a-plan/
FAQ
What is Build-A-Plan?
Build-A-Plan is AT&T's customizable connectivity experience that allows customers to personalize and adjust their plan month to month based on their needs and budget.
What is AT&T Fiber?
Fiber optic internet uses thin glass cables and light to send data, allowing for hyper fast speeds.
There are several key benefits to choosing fiber internet:
Fast speeds: Fiber internet can reach speeds that makes it ideal for streaming HD videos, online gaming, and using many devices at once. Equal upload and download speeds: Unlike most other internet types, fiber gives you the same fast speed whether you're uploading or downloading. This is great for video calls, sharing large files, and creating content online. Reliable connectivity: Fiber internet offers consistent speeds even during busy times when many people are online. This means fewer interruptions and a smoother online experience. Fiber optic internet offers fast, reliable, and consistent service, making it one of the best choices for anyone who wants a top-quality home internet connection.
What is AT&T Internet Air?
AT&T Internet Air is our wireless home internet delivered over the reliable AT&T 5G network.7
What is the difference between AT&T OneConnect and Build-A-Plan?
Both offer a simple way for people to get all of their connectivity from one provider.
AT&T OneConnect is a single subscription that combines fast, reliable home internet and wireless together across as many devices as needed,8 with one simple subscription and one all-in price.
Build-A-Plan is a plan designed to give customers more choice and control, with the ability to customize their wireless plan and easily add home internet at a great price, and adjust the wireless plan month to month as needed.
1AT&T Fiber, based on analysis by Ookla® of Speedtest Intelligence® data, 2H 2025. Limited availability.
2Build-A-Plan Concept Research, AT&T Brand Strategy, Dec 2025 – Jan 2026 (n=6,008 US wireless Consumers)
3Plus taxes & fees. $70/mo. for Build-A-Plan wireless ($15/mo + $20/mo unlimited data w/ SD streaming) and Internet 300 or Internet Air ($35/mo with elig wireless and Autopay & Paperless bill). Limit one line. Req's unlocked eSIM capable phone. Terms & restr's apply.
4Based on the number of fiber to the home households using publicly available data.
5In rare cases, if your usage is contributing to congestion on the network, AT&T will greatly reduce your speed for a min. of 30 min.
6Compares cellular networks, excluding satellite.
75G coverage not available in all areas
8Maximum number of wireless lines varies by plan. Limited to bring your own eSIM compatible, unlocked smartphones, tablets, and wearables.
About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 150 years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.
A Hollywood director has been sentenced to two-and-a-half years in prison after conning Netflix out of $11m (£8.3m) for an unfinished science fiction series.
Carl Erik Rinsch was convicted after diverting Netflix funds, intended to complete a show called White Horse, into a personal account and spending the money on luxury goods.
He used $2.4m to buy five Rolls Royces and a red Ferrari; around $3.3m on furniture and antiques including $638,000 on two mattresses; $387,000 on a Swiss watch; and $1.7m on credit card bills.
Rinsch also made a series of failed investments. He lost around half the money in a couple of months, and put the remaining funds into the cryptocurrency market, netting some profit, which he deposited into his bank account.
Netflix initially paid Rinsch about $44m for White Horse in 2018 and 2019, then provided another $11m in 2020 after he said he needed more money to wrap up production.
Following a one-week trial in New York in December, the 48-year-old was convicted in December of wire fraud, money laundering, and five counts of engaging in monetary transactions in property derived from specified unlawful activity.
Prosecutors said Rinsch - best known for the 2013 samurai fantasy film 47 Ronin starring Keanu Reeves - was motivated by "naked greed".
The filmmaker "had every possible advantage", including family money, an elite education, famous friends, and a high-flying career, prosecutor David Markewitz told the court.
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Rinsch's lawyers told the court his behaviour was fuelled by mental health struggles and medication problems, which he was now addressing.
"This process has forced me to confront things about my health, my judgement, and my life," Rinsch said.
He apologised for his actions, acknowledged "real harm was caused", and added: "I failed to recognise the danger of the state I was in."
Prosecutors argued Rinsch should serve five years in prison.
Supporters including Hollywood superstar Reeves had asked the court to show him leniency.
Image: Actor Keanu Reeves, who starred in Rinsch's 2013 film 47 Ronin, asked the court to show the director leniency. Pic: AP In a letter to the court ahead of Rinsch's sentencing on Monday, The Matrix actor said he did not know the details of the case, but added that the director brought "exceptional joy and warmth to the people around him" and "creative inspiration to others through his creativity and vision".
Reeves said he hoped the director's sentence "might be tempered with measures of leniency and mercy as well as justice".
US District Judge Jed Rakoff said Rinsch's mental health difficulties "may explain some of the excesses" but do not "detract from the court's conclusion that he was determined to lie to get substantial monies from Netflix" and "lie to cover it up".
Rinsch was ordered to surrender to prison in September.
Signs Of Market ExhaustionCurrently, the index sits at 7,440.43 points, as of Monday’s close, which is still 17.29% higher than its lowest point of the year on March 30, 2026, at 6,343.72 points.
The strategist notes that stretched valuations and weakening indicators can lead to a “three-wave correction” in the index. Alerting investors to maintain a "defensive stance" from July through September, Ciana said that the index’s rally after the U.S.-Iran ceasefire has been “volatile as correction risks build."
Key Support Levels to WatchExpecting a nearly 7.6% decline from the current levels, Ciana forecasts the index to drop around 7,122 points, with a further downside risk to 6,850 levels.
This comes as the margin debt has soared 54% year-over-year, which has been previously seen during major market peaks. Other BofA equity strategists like Savita Subramanian also told Bloomberg that the market is showing "too many red flags" and that investors should "take profits" whenever they can.
Divided Wall Street OutlookNot all experts expect a decline in the index. Fundstrat’s Tom Lee had earlier said that he sees the S&P 500 “above 7700” by the year-end.
Similarly, JPMorgan’s baseline projection for the S&P 500 sits at 7,800.
However, BofA also maintains that while a summer drop is likely, a year-end rally remains possible once the correction runs its course.
How Have Markets Performed In 2026?The S&P 500 index has advanced 8.49% year-to-date. Similarly, the Nasdaq Composite index was up 11.12%, and the Dow Jones gained 7.85%YTD.
Meanwhile, the Dow tracker, State Street SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA), closed 0.76% higher on Monday.
In premarket on Tuesday, SPY was up 0.14%, and QQQ also advanced by 0.17%, whereas DIA was down by 0.0096%.
Photo courtesy: Shutterstock
Market News and Data brought to you by Benzinga APIs
Point-of-sale sales increase 34% year-over-year as expanded retail presence drives continued brand growth
MARION, NC / ACCESS Newswire / June 30, 2026 / Greene Concepts, Inc. (OTCID:INKW), owner and operator of a 60,000-square-foot bottling facility in Marion, North Carolina, and producer of the premium artesian spring water brand Be Water™, today announced continued retail growth within Walmart stores carrying the Company's premium artesian water products.
Recent retail performance data indicates point-of-sale (POS) dollar sales increased 34% compared to the same period last year. Year-to-date POS sales increased 24%. Average retail pricing also continued to strengthen, contributing additional growth beyond volume gains alone.
The primary driver of this performance has been expanded distribution. Walmart locations carrying Be Water increased across Virginia, North Carolina, South Carolina and Georgia, representing a 148% growth in retail placement and significantly expanding customer access to the brand.
Greene Concepts also reported continued improvements in inventory productivity and retail execution. Promotional markdown activity declined to approximately 10% of sales compared to approximately 30% during the prior-year period. Product availability remained strong, with replenishment in-stock rates reaching 97.9%.
"Our continued expansion within Walmart reflects the progress Greene Concepts has made in growing awareness of the Be Water brand while maintaining operational discipline," said Lenny Greene, Chief Executive Officer of Greene Concepts. "We are encouraged by the sales growth, improving inventory performance, and expanding retail presence. As additional stores continue to ramp, our focus remains on supporting our retail partners and introducing more consumers to our premium artesian water sourced from the Blue Ridge Mountains of North Carolina."
Be Water is bottled at the source from artesian springs and aquifer formations beneath North Carolina's Blue Ridge Mountains. Greene Concepts believes its combination of expanded distribution, strong product availability, and growing consumer awareness positions the brand for continued growth.
Follow Greene Concepts, Inc. on Social Media at: X - @GreeneConcepts, Facebook - @inkw2025, Instagram - Greene Concepts, Inc. and Be Water
About Be Water™
Be Water™ is an American artesian spring water brand sourced from certified artesian wells and a naturally replenished aquifer formed nearly one billion years ago beneath the Blue Ridge Mountains and bottled at the source in Marion, North Carolina by Greene Concepts Inc. (OTCID: INKW).
Naturally filtered through layers of ancient bedrock, Be Water™ absorbs naturally occurring minerals and electrolytes-including calcium, magnesium, and silica-that create its smooth taste and natural alkalinity. The water is gently filtered and ozone-treated to ensure purity while preserving its inherent character, with nothing added and nothing stripped away.
Nature-not machines-defines its purity and balance.
Be Water™ is bottled in premium BPA-free bottles designed with a durable 22-gram construction and priced for everyday hydration, bridging the gap between luxury imported waters and commodity bottled tap water. Bottled in Marion, North Carolina, Be Water™ reflects American craftsmanship, transparency, and responsible aquifer stewardship.
In addition to its flagship brand, Greene Concepts operates a 60,000-square-foot bottling facility providing private-label and co-packing services for select beverage partners.
About Greene Concepts, Inc.
Greene Concepts, Inc. (https://www.greeneconcepts.com) is a publicly traded company whose purpose is to provide the world with high-quality, healthy and enhanced beverage choices that meet the nutritional needs of its consumers while refreshing their mind, body and spirit. The Company's flagship product, Be Water™, is a premium artesian bottled water that supports total body health and wellness. Greene Concepts' beverage and bottling plant is located in Marion, North Carolina, and their water is ethically sourced from spring and artesian wells that are fed from a natural aquifer located deep beneath the Blue Ridge Mountains. Greene Concepts continues to develop and market premium beverage brands designed to enhance the daily lives of consumers.
Safe Harbor: This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a few uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission and OTC Markets, Inc. OTC Disclosure and News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events or otherwise.
