Grayscale chce u svého Ethereum Staking Mini ETF automaticky stakovat téměř veškeré držené ETH, zhruba 161 000 ETH z asi 1,6 miliardy USD aktiv. Výjimkou budou poplatky, odkupy a nouzové situace sítě.
Grayscale moves to stake nearly all idle ETH in its mini fund@Grayscale has filed an amendment to the trust agreement governing its Ethereum Staking Mini ETF, making staking the default treatment for virtually all $ETH held by the fund. The amendment, effective on or around August 7, 2026, covers the Third Amended and Restated Declaration of Trust and Trust Agreement for the fund. The only carve-outs are for fees, redemptions, and network emergencies.
Some 161,000 ETH sit idle in the fund, which manages roughly $1.6 billion in assets. The new trust agreement aims to shrink that idle pile toward zero by making staking the default for nearly every coin the fund holds. That idle tranche represents approximately 19% of total holdings.
IRS deadline and shareholder payouts drive the timingThe timing of the amendment was not accidental. An IRS deadline for funds to qualify for the staking safe harbor expired on August 10, just four days after the amendment was signed. The IRS rules, published last November, allow crypto funds to stake without triggering fund-level tax, but rewards must flow out to shareholders at least quarterly.
The guidance, published on November 10 as Revenue Procedure 2025-31, removed a key barrier that had previously prevented regulated investment products from earning on-chain yield from proof-of-stake networks such as Ethereum.
The proposed amendment requires the trust to reduce staking consideration held by the fund to cash no less often than quarterly and to promptly distribute the cash proceeds, net of any trust expenses not assumed by the sponsor, to shareholders. Grayscale plans to make those distributions monthly in practice. The fund has earned $27.3 million in net staking rewards since activating staking in October 2025, according to SEC filings.
Grayscale's Ethereum trust was among the first U.S. spot crypto exchange-traded products to enable staking, and this latest amendment signals an effort to maximise that capability before the regulatory window closed.
Sources:
Grayscale Ethereum Staking Mini ETF Form 8-K, SEC EDGAR
161,000 Idle ETH May Soon Be Staked: What Grayscale Just Changed, Yahoo Finance
Grayscale Ethereum Staking Mini ETF Form 424B3 Prospectus Supplement, SEC EDGAR
Krypto peněženka spojená s Trumpem měla podle zprávy převést ETH v hodnotě 100 milionů USD na Binance. Pokud se to potvrdí, půjde o jeden z největších přesunů z politicky napojené peněženky na burzu.
A Trump-associated Ethereum wallet has reportedly transferred $100 million worth of ETH to Binance. The move, if confirmed, would represent one of the largest single transfers from a politically linked wallet to a centralized exchange in recent memory.
What the blockchain says Arkham Intelligence, the blockchain analytics firm that tracks wallets belonging to public figures and institutions, has been monitoring multiple Ethereum addresses associated with Trump and his decentralized finance venture, World Liberty Financial (WLFI). The firm has documented a range of transactions from these wallets, including purchases as large as $10 million in ETH and smaller transfers to exchanges like Coinbase for apparent liquidity purposes.
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What Arkham has not publicly confirmed, however, is a single $100 million ETH movement to Binance. Historically, Trump-linked wallet activity has consisted of more modest transfers to centralized exchanges, with larger sums typically tied to WLFI operations rather than direct exchange deposits.
The Trump crypto empire in context Financial disclosures from mid-2026 show the former president holding over $100 million in Bitcoin and more than $55 million in Ethereum. Those are personal holdings alone.
Then there’s WLFI, which has reportedly generated over $1.4 billion in crypto-related gains during certain reporting periods. Roughly 85-87% of USD1, the stablecoin associated with WLFI, is concentrated on Binance, suggesting that Binance isn’t just a trading venue for Trump-linked assets but the primary infrastructure partner.
Trump pardoned Binance founder Changpeng Zhao following his 2024 conviction, and Binance subsequently ramped up promotional support for WLFI products.
Why a $100M transfer to Binance would matter If a Trump-controlled wallet genuinely moved $100 million in ETH to Binance, the most straightforward interpretation would be preparation for a sale. There’s also the possibility that this is an operational transfer rather than a sell signal. WLFI could be moving funds to Binance for staking, lending, or as collateral for USD1 minting. Given how much of the USD1 ecosystem already lives on Binance, a large deposit to that platform doesn’t automatically mean someone is heading for the exit.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Návrh EIP-8361 na omezení odměn za staking na Ethereu čelí masivnímu odporu: 99,7 % z 83 tis. stakovaných ETH hlasovalo „No“. Kritici varují, že by mohl zastavit úvěrové trhy s ETH.
The recently released proposal to cap Ethereum staking rewards, EIP-8361, continues to elicit unanimous pushback. According to ETHVA data, out of the 83K staked ETH amongst validators, 99.7% were signaling ‘No’ on the proposal.
Although this is a non-binding check, it’s a community sentiment gauge that tracks the proposal support amongst key stakeholders. The overwhelming 99.7% ‘No’ is a clear indication that the proposal may stall due to limited support.
Source: ETH VA The proposal is currently at EIP (Ethereum Improvement Proposal) or draft phase. For it to be included in the upcoming Hegota network upgrade, it must clear the PFI (Proposal for Inclusion).
At the PFI level, community and developer evaluation must tick off everything, including economic impact, before approval.
However, with massive opposition from a section of solo stakers and top developers, the proposal could stall. Notably, the proposal (tapered issuance reduction) seeks to cap staking rewards at zero if the staking ratio crosses 50%.
Ethereum Foundation under fire for divisive proposal For critics, led by Aave, the move would kill ETH credit markets and push DeFi to other chains. According to Aave CEO Stani Kulechov, the proposal will not make ETH a “less viable asset” or help solo stakers. These are the two main objectives the proposal sought to achieve.
But the criticism has gone beyond the proposal to the Ethereum Foundation (EF), as two of the authors of the proposal are from the organization. Kulechov slammed the EF, adding that,
The EF’s ivory tower academic approach will not solve those challenges. It’s disconnected from the builders in the trenches who choose to build on Ethereum every day. We should not take them for granted.
Source: X Rhett Shipp, CEO of Avant Protocol, also echoed a similar stance, noting that the proposal showed EF’s “huge lack of focus on the things that will actually have impact.”
Amid the ongoing debate, Ethereum [ETH] market sentiment has slightly dropped into negative territory, and the price remained below $2K.
Source: Santiment Overall, the community sentiment is against the proposal as some urge the EF to find new ways to deal with inflation without touching staking rewards.
This may be a setback for the proposal’s likely progress into the next network upgrade. But ETH is currently not deflationary to be considered a store of value (SoV).
Final Summary EIP-8861 proposal critics now shift the blame to the Ethereum Foundation for disconnecting from the community. ETH market sentiment has briefly turned negative in the past two days amid intense debate over the inflation proposal
Valvoline (VVV - Free Report) reported $544.6 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 24.1%. EPS of $0.57 for the same period compares to $0.47 a year ago.
The reported revenue represents a surprise of +1.49% over the Zacks Consensus Estimate of $536.62 million. With the consensus EPS estimate being $0.50, the EPS surprise was +14%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Valvoline performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Same-store sales growth - System-wide: 8% versus 5.5% estimated by four analysts on average.System-wide stores - Franchised stores: 1,199 versus 1,224 estimated by three analysts on average.Stores Opened - Franchised: 26 versus the three-analyst average estimate of 23.Stores Opened - Company-operated: 15 compared to the 23 average estimate based on three analysts.System-wide stores - Company-operated stores: 1,232 compared to the 1,234 average estimate based on three analysts.Total System-wide stores: 2,456 compared to the 2,458 average estimate based on three analysts.View all Key Company Metrics for Valvoline here>>>
Shares of Valvoline have returned -6.2% over the past month versus the Zacks S&P 500 composite's +2.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Hess Midstream Partners vykázala za čtvrtletí výnosy 399 milionů USD, meziročně o 3,7 % méně, ale nad odhadem analytiků. EPS dosáhl 0,75 USD oproti 0,74 USD loni.
For the quarter ended June 2026, Hess Midstream Partners LP (HESM - Free Report) reported revenue of $399 million, down 3.7% over the same period last year. EPS came in at $0.75, compared to $0.74 in the year-ago quarter.
The reported revenue represents a surprise of +1% over the Zacks Consensus Estimate of $395.07 million. With the consensus EPS estimate being $0.69, the EPS surprise was +8.7%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Hess Midstream Partners performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Throughput Volumes - Gas gathering: 445.00 MMcf/d versus 440.91 MMcf/d estimated by two analysts on average.Throughput Volumes - Crude oil gathering: 103.00 MBbl/d versus the two-analyst average estimate of 115.29 MBbl/d.Throughput Volumes - Water gathering: 121.00 MBbl/d compared to the 125.49 MBbl/d average estimate based on two analysts.Throughput Volumes - Crude terminals: 117.00 MBbl/d compared to the 126.53 MBbl/d average estimate based on two analysts.Throughput Volumes - NGL loading: 17.00 MBbl/d compared to the 14.97 MBbl/d average estimate based on two analysts.Throughput Volumes - Gas processing: 433.00 MMcf/d versus 428.40 MMcf/d estimated by two analysts on average.Revenue- Gathering: $209.8 million versus $210.13 million estimated by two analysts on average.Revenue- Terminaling and Export: $37.9 million compared to the $35.73 million average estimate based on two analysts.Revenue- Processing and Storage: $151.3 million versus $152.87 million estimated by two analysts on average.Adjusted EBITDA- Terminaling and Export: $30.1 million compared to the $26.37 million average estimate based on two analysts.Adjusted EBITDA- Gathering: $156.6 million versus $155.03 million estimated by two analysts on average.View all Key Company Metrics for Hess Midstream Partners here>>>
Shares of Hess Midstream Partners have returned +3% over the past month versus the Zacks S&P 500 composite's +2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
For the quarter ended June 2026, F5 Networks (FFIV - Free Report) reported revenue of $865.08 million, up 10.9% over the same period last year. EPS came in at $4.73, compared to $4.16 in the year-ago quarter.
The reported revenue represents a surprise of +3.96% over the Zacks Consensus Estimate of $832.12 million. With the consensus EPS estimate being $3.98, the EPS surprise was +18.84%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how F5 performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net revenues- Services: $402.25 million versus the six-analyst average estimate of $402.31 million. The reported number represents a year-over-year change of +2.7%.Net revenues- Products: $462.83 million versus $429.8 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +19% change.Net product revenues- Software: $223.31 million versus $219.37 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +7.4% change.Net product revenues- Systems: $239.52 million compared to the $210.59 million average estimate based on five analysts. The reported number represents a change of +32.4% year over year.View all Key Company Metrics for F5 here>>>
Shares of F5 have returned -4% over the past month versus the Zacks S&P 500 composite's +2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
BNB Chain deployed the BEP-675 upgrade on its BSC Testnet on August 7, pushing throughput from 1,237 transactions per second to 2,324 TPS. That’s an 88% jump, achieved without changing the block interval or gas limit.
How BEP-675 actually works Before this upgrade, the BSC block-building process had a significant redundancy problem. Block builders would assemble and execute transactions, then validators would re-execute those same transactions to verify them.
BEP-675 introduces a new mechanism called SendBidBlock, which allows block builders to submit fully executed blocks directly. Validators can then skip the redundant re-execution step, trusting the pre-executed results while maintaining the chain’s security model.
The performance gains from removing that redundancy are dramatic. Critical path validator execution time dropped from approximately 125ms to just 15ms. To put that in perspective, the execution step that previously consumed more than a quarter of each 450ms block interval now takes up roughly 3% of it.
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That freed-up headroom translates directly into higher gas utilization. Median gas usage per block jumped from 29.49M to 98.99M, meaning blocks that were previously using less than a third of their 100M gas limit are now filling up almost completely. Same block size, same block timing, dramatically more actual computation per block.
The upgrade was first drafted as a proposal on April 10 and went live on testnet roughly four months later. Legacy SendBid flows remain supported for backward compatibility, though builders who want to use the new SendBidBlock mechanism need to operate a full node.
The testing setup and what comes next BNB Chain ran the testnet evaluation using an internal cross-region QANet setup designed to mirror the actual mainnet topology. By simulating cross-region conditions, the 2,324 TPS figure should be a closer approximation of what mainnet could actually deliver.
The testing covered various transaction workloads rather than just simple token transfers.
BEP-675 sits within a broader H2 2026 technical roadmap for BNB Chain. The chain has been on an aggressive scaling trajectory, having already reduced block intervals to 450ms and pushed benchmark throughput close to 5,200 TPS in earlier phases during 2025 and early 2026. The next target is another doubling of mainnet throughput, with a longer-term goal of achieving 10x improvements over current baseline performance.
Following the successful testnet phase, the immediate next steps include mainnet-scale validation. The roadmap also calls for additional enhancements including FOCIL (which relates to forced inclusion lists, a mechanism designed to prevent censorship at the block production level) and Block-Level Access Lists, which could further optimize execution efficiency.
Why MEV matters here BEP-675 reduces the operational overhead that MEV infrastructure imposes on the chain’s critical path. BNB Chain explicitly framed the upgrade as addressing bottlenecks caused by MEV inefficiencies. By redesigning the submission mechanism so that builders deliver fully executed blocks, the redundant re-execution step that was partly a consequence of trust assumptions baked into MEV-aware architectures is eliminated.
If the mainnet deployment matches testnet results, BNB Chain will have nearly doubled its practical throughput without requiring users or dApp developers to change anything about how they interact with the network. Finality guarantees and block timing remain identical.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ředitelka AtriCure Maggie Yuen prodala 3 500 akcií za 38,42 USD, čímž snížila svůj přímý podíl o 20 % na 14 015 akcií. Firma zároveň oznámila silné druhé čtvrtletí s tržbami 154 milionů USD, meziročně o 13 % více.
Maggie Yuen, a director at AtriCure, Inc. (ATRC +4.81%), reported a sale of 3,500 shares of common stock on August 5, 2026, according to a recent SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$134,470Shares sold3,500Post-transaction shares (directly held)14,015Post-transaction value$551,350.10Transaction value based on SEC Form 4 weighted average sale price ($38.42); post-transaction value based on August 05, 2026 market close ($39.34).
Key questionsWhat was the scale of the transaction relative to the insider's total position?
Yuen reduced her direct equity stake by 20%, bringing her total beneficial ownership to 14,015 shares. How does the execution price compare to recent market levels?
The 3,500 shares were sold at a weighted average price of $38.42, which was slightly below the $39.34 market close on the day of the transaction. Shares have shown relative stability, priced at $39.49 as of the August 6 market close.What is the company's current financial profile in the healthcare sector?
AtriCure is a medical device company with a market capitalization of $2.0 billion. The firm reported trailing twelve-month revenue of $569.6 million, maintaining a focus on specialized cardiac treatment technologies.Company OverviewMetricValueShare Price (as of market close 2026-08-06)$39.49Market Capitalization$2.0 billionRevenue (TTM)$569.6 millionCompany SnapshotAtriCure designs, manufactures, and markets specialized medical devices for the surgical treatment of cardiac tissue and intercostal nerves, including radiofrequency ablation technologies such as the Isolator Synergy Clamps and multifunctional surgical pens like the MAX Pen that enable surgeons to diagnose and treat cardiac arrhythmias.The company generates revenue through the sale of proprietary ablation and surgical devices to hospitals and surgical centers, leveraging its specialized technology platform to address unmet clinical needs in cardiac surgery and arrhythmia management.AtriCure serves cardiac surgeons and surgical teams across the United States, Europe, Asia, and other international markets, with its products integrated into standard surgical protocols for atrial fibrillation and other cardiac conditions.AtriCure is a focused medical device company with a $2.0 billion market capitalization and $569.6 million in TTM revenue, positioning itself as a specialized provider of cardiac surgical solutions. The company maintains a differentiated product portfolio centered on radiofrequency ablation technology, which provides competitive advantages in the treatment of cardiac arrhythmias and related conditions. With a global distribution network spanning multiple continent, AtriCure has established itself as a significant player in the cardiac surgery device market.
What this transaction means for investorsTwo AtriCure directors sold on the same day, and Yuen's cut ran deeper in percentage terms, clearing a fifth of her direct stake in one go. That kind of matching timing might mean a trading window opened after earnings and a couple of board members stepped through it together, not that either soured on the company.
More importantly for long-term investors, the company gave them a solid quarter to sell into. AtriCure grew second-quarter revenue 13% to $154 million, and its appendage-management franchise, built around its AtriClip devices for reducing stroke risk, rose 14% on newer Mini versions. CEO Michael Carrel pointed to growth "fueled by continued adoption" across its franchises, and gross margin widened to 77%, all of which helped management lift its full-year outlook. Shares have recovered quite a bit since June lows of around $25, surging more than 60%, and they’re up about 15% over the past year. After a strong quarter, whether the latest momentum continues will depend a lot on continued execution — much more than share sales like this one.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Polymarket přešel u pětiminutových a patnáctiminutových kryptomarketů na Chainlink TWAP Data Streams po zjištěních o možné manipulaci s vypořádací cenou. Nově se budou vypořádávat z 30sekundového a 60sekundového průměru.
A Settlement Design Overhaul@Polymarket has moved its 5- and 15-minute crypto prediction markets to @chainlink TWAP (time-weighted average price) Data Streams, replacing the single-timestamp price snapshot that sat at the centre of a settlement manipulation controversy. Under the new setup, five-minute markets settle on a 30-second average and 15-minute markets on a 60-second window, making last-second spot pushes significantly more expensive to execute profitably.
The structural change follows a joint study by researchers at Stanford University and Singapore Management University, which found that Polymarket's five-minute $BTC prediction contracts exhibited trading patterns consistent with settlement-price manipulation, with concentrated order-flow spikes on Binance in the seconds before contract expiration, followed by rapid price reversals. Researchers estimated that flagged traders generated roughly $8.2 million in profits, primarily at the expense of retail participants.
What the Research Found, and How Polymarket RespondedThe core vulnerability was structural. Because settlement relied on Chainlink price feeds tied to the end-of-window spot price, traders had a window of opportunity to influence the reference price immediately before contracts expired. Researchers flagged 821 likely manipulators, estimating they collectively profited around $8.2 million, largely at the expense of retail participants. Researchers found little evidence of similar trading behaviour in Polymarket's 15-minute contracts, suggesting that longer settlement windows make it significantly more expensive and difficult to profitably influence prices.
@Polymarket has denied that manipulation occurred. Alongside the pricing upgrade, the platform is adding $1 million in liquidity rewards through August. @chainlink, for its part, notes that the markets have cleared over $9 billion in volume to date.
The authors of the Stanford study had already recommended replacing single-point settlement prices with time-weighted average prices, arguing it would reduce the impact of short-lived price spikes during the final seconds before contract expiration. The switch to TWAP Data Streams is, in effect, Polymarket acting on that recommendation ahead of any regulatory requirement to do so.
Legal scrutiny around prediction markets continues to intensify in the US, with multiple states challenging platforms including Kalshi and Polymarket earlier this year. The pricing overhaul gives the platform a stronger technical and integrity argument at a moment when regulators are paying close attention to how short-dated event contracts are settled.
Sources:
Yahoo Finance: Stanford Study Finds Signs of Bitcoin Market Manipulation on Polymarket
Coinpedia: Stanford Study Flags Bitcoin Market Manipulation on Polymarket
Pew Research Center: Trading Volume on Prediction Markets Has Soared
Grayscale podal u SEC čtvrtletní formulář 10-Q pro Chainlink Trust ETF s tickerem GLNK. Podání se týká období končícího 31. března 2026 a bylo podáno 8. května 2026. Jde o rutinní krok po jeho přeměně na veřejně obchodovaný ETF.
Grayscale Investments has submitted a Form 10-Q quarterly report to the Securities and Exchange Commission for its Chainlink Trust ETF, ticker GLNK. The filing covers the period ending March 31, 2026, and was submitted on May 8, 2026.
From private trust to public ETF Grayscale originally formed the Chainlink Trust on December 18, 2020, as a Delaware statutory trust. For years, it operated as a private placement vehicle, accessible primarily to accredited investors.
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That changed on December 2, 2025, when shares of GLNK began trading on NYSE Arca. The conversion from a closed private trust to a full-blown exchange-traded fund opened the product up to anyone with a brokerage account.
The fund is designed to give investors exposure to Chainlink’s LINK token without requiring them to set up a crypto wallet, figure out gas fees, or remember a seed phrase.
What Chainlink actually does Chainlink operates as a decentralized oracle network that feeds real-world data into smart contracts. If a DeFi protocol needs to know the current price of gold, or if an insurance contract needs to verify weather data, Chainlink’s network of oracles provides that information. The token is used to pay node operators who supply data to smart contracts, creating a utility-driven demand model.
The regulatory compliance picture Grayscale also submitted an 8-K filing on July 2, 2026. A Form 144, anticipated around August 6, 2026, signals potential sales of restricted securities by affiliates or insiders.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Moonwell po schválení změny modelu úrokových sazeb zaznamenal na Ethereum mainnetu týdenní růst půjček USDC o 135 %. Půjčky USDT ve stejném období vzrostly o 87 %.
Moonwell, the decentralized lending protocol, saw USDC borrowing on its Ethereum mainnet markets jump 135% week-over-week, with USDT borrowing climbing 87% over the same stretch. The catalyst: a governance-approved overhaul of the protocol’s interest rate model curves for both stablecoins.
The numbers are striking on their own, but they’re actually a step down from even larger spikes in earlier weeks, when USDC borrowing surged 148% and USDT borrowing rocketed 236%.
What changed under the hood On July 29, 2026, Moonwell’s community passed a governance proposal that adjusted the interest rate model (IRM) curves for its USDC and USDT markets. The proposal also introduced borrowing rewards, meaning users now earn WELL tokens for taking out loans.
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Moonwell currently supports supply, borrowing, and incentive distribution across several assets on Ethereum, including USDC, USDT, ETH, and cbBTC. WELL token incentives are active across both sides of those markets, rewarding lenders and borrowers alike.
Moonwell’s multi-chain footprint The protocol isn’t operating exclusively on Ethereum. Moonwell runs across Ethereum, Base, and Optimism, giving it a presence on three of the more active networks in DeFi today.
One of its more notable tools is USDC Anywhere, which enables cross-network lending. The idea is to let users access USDC liquidity regardless of which chain they’re sitting on, reducing the friction that comes with having capital siloed across multiple Layer 1s and Layer 2s.
The Ethereum expansion itself is relatively recent. Moonwell launched its Ethereum mainnet lending markets in 2026, adding to its existing Base and Optimism deployments.
What this signals for DeFi lending The fact that borrowing increases have been sustained across multiple weeks, even if the percentage gains are moderating from 236% down to 87% for USDT, suggests something beyond pure mercenary capital chasing yield.
The governance mechanism Moonwell used to implement these changes is worth noting. Rather than a core team unilaterally adjusting rate parameters, the IRM curve modifications went through a community proposal and vote.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Circle spustila nativní USDC a CCTP na OKX X Layer, čímž rozšiřuje regulované dolarové platby a DeFi aplikace. Integrace podporuje i převody USDC mezi 26 blockchainy. Nativní USDC je po integraci podporováno na 36 sítích.
Circle has launched native USDC and its Cross-Chain Transfer Protocol on OKX’s X Layer, expanding access to regulated dollar-based payments and DeFi applications.
Circle Brings Native USDC to OKX’s X Layer Circle announced that native USDC is now available on X Layer, an Ethereum-compatible layer-2 network developed by OKX. The integration allows developers, businesses, and applications on X Layer to use Circle-issued USDC without relying only on bridged versions.
Native USDC can support decentralized finance applications, payments, trading platforms, and other blockchain-based financial services. Circle said the integration also gives qualified businesses access to USDC issuance and redemption through Circle Mint.
X Layer supports Ethereum-based applications while offering lower fees and faster settlement. The network targets use cases across decentralized finance, payments, real-world asset tokenization, and artificial intelligence applications.
CCTP Enables Cross-Chain USDC Transfers The integration gives users access to CCTP for moving USDC across supported blockchain networks. Circle designed the protocol to transfer USDC between chains without relying on traditional wrapped versions of the stablecoin.
CCTP is now available across 26 blockchains, while native USDC is supported on 36 networks following the X Layer integration. The expansion allows developers to build applications that require access to USDC liquidity across multiple blockchain ecosystems.
X Layer will continue supporting bridged USDC from Ethereum. However, Circle and the X Layer ecosystem are encouraging users and applications to move toward native USDC over time.
USDC Targets DeFi, Payments and AI Applications Native USDC on X Layer also supports payment and financial applications within the network. Payment service providers, fintech companies, decentralized applications and AI agents can use the stablecoin for automated transactions and settlement.
The integration also connects with X Layer’s x402 ecosystem, which supports automated payments between AI agents and services. Developers can use USDC for payments involving application programming interfaces, digital services and other automated transactions.
Qualified businesses can also access USDC issuance and redemption through Circle Mint on X Layer. The service provides businesses with a direct route to use Circle’s stablecoin infrastructure for institutional settlement.
Circle has continued expanding its blockchain infrastructure alongside the X Layer launch. The company recently announced founding validators for its Arc blockchain, including BlackRock, DTCC, Galaxy, Mastercard, Visa, Standard Chartered and other financial and technology companies.
For more ways to spend digital dollars in the real world, investors can explore stablecoin debit cards supporting native USDC integrations.
Circle spustila 11. května Agent Stack, sadu nástrojů, která umožňuje autonomním AI agentům držet aktiva, objevovat služby a vypořádávat platby v USDC bez zásahu člověka. Zároveň oznámila úspěšný presale tokenu ARC za 222 milionů USD při valuaci 3 miliardy USD.
Circle just built a financial system where the customers aren’t human. The stablecoin issuer launched its Circle Agent Stack on May 11, a suite of tools that lets autonomous AI agents hold assets, discover services, and settle payments using USDC, all without a person clicking “confirm.”
What the Agent Stack actually does The stack has four main components, each solving a different piece of the autonomous-finance puzzle.
First, there’s the Circle CLI, a command-line interface that gives developers (and eventually agents themselves) a way to interact with Circle’s infrastructure programmatically.
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Second, Agent Wallets provide each AI agent with its own USDC-holding account. These wallets come with programmable guardrails, meaning developers can set spending policies, transaction limits, and approval rules before letting an agent loose.
Third, an Agent Marketplace acts as a discovery layer where agents can find services offered by other agents. If one AI needs data cleaning and another AI offers it, the marketplace handles matchmaking while USDC handles settlement.
Fourth, Nanopayments. These are near-instant, gas-free transactions processed through Circle Gateway that can be as small as $0.000001. Six decimal places of a dollar.
The ARC token and a new Layer-1 Circle also announced a successful presale of its ARC token, raising $222 million at a $3 billion valuation.
The ARC token powers Circle’s new Arc blockchain, described as a stablecoin-native Layer-1. Transaction fees on Arc are denominated in USDC rather than a volatile native token, removing the friction of users having to hold one asset to pay fees while transacting in another.
CEO Jeremy Allaire has framed AI agents not as tools that assist human customers but as customers themselves. The Agent Stack makes that framing concrete, with Circle treating software entities as first-class economic participants, complete with wallets, spending rules, and marketplace access.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
For the quarter ended June 2026, USA Compression Partners (USAC - Free Report) reported revenue of $342.15 million, up 36.8% over the same period last year. EPS came in at $0.31, compared to $0.22 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $339.79 million, representing a surprise of +0.69%. The company delivered an EPS surprise of +29.17%, with the consensus EPS estimate being $0.24.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how USA Compression performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue-generating horsepower (at period end): 4.46 billion versus the two-analyst average estimate of 4.13 billion.Average revenue-generating horsepower: 4.45 billion compared to the 4.35 billion average estimate based on two analysts.Revenues- Parts and service: $22.14 million versus the two-analyst average estimate of $16.65 million. The reported number represents a year-over-year change of +240.2%.View all Key Company Metrics for USA Compression here>>>
Shares of USA Compression have returned -1.6% over the past month versus the Zacks S&P 500 composite's +2.3% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
Reinsurance Group of America, Incorporated (RGA) Q2 2026 Earnings Call August 7, 2026 10:00 AM EDT
Company Participants
Tony Cheng - President, CEO & Director
Laura Cockrill - Executive VP & CFO
Jonathan Porter - Executive VP & Global Chief Risk Officer
Jayson Bronchetti - Executive VP & Chief Investment Officer
Conference Call Participants
Wesley Carmichael - Wells Fargo Securities, LLC, Research Division
Taylor Scott - Barclays Bank PLC, Research Division
Suneet Kamath - Jefferies LLC, Research Division
Thomas Gallagher - Evercore ISI Institutional Equities, Research Division
Joel Hurwitz - Dowling & Partners Securities, LLC
Pablo Singzon - JPMorgan Chase & Co, Research Division
Wilma Jackson Burdis - Raymond James & Associates, Inc., Research Division
Presentation
Operator
Welcome to the RGA's Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.
If you have any objections, you may disconnect at this time. Some of the comments made during this conference call, including answers given in response to questions, may constitute forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. For more detail on the risks and uncertainties, please refer to the risk factors discussed in RGA's periodic reports to the SEC. For a reconciliation of the non-GAAP measures discussed on this call as well as other information regarding these measures, please refer to the earnings release and other materials in the Investor Relations section of the company's website. There will be references to the earnings presentation slides throughout the call.
I will now turn the floor over to Tony for his opening remarks. Please go ahead.
Tony Cheng
President, CEO & Director
Good morning, everyone, and thank you for joining today's call. We appreciate your continued interest in RGA. I am delighted to share that we have delivered a record result, building on the strong momentum established
Trump Media ukončila plánovaný Cronos (CRO) treasury venture s Crypto.com a Yorkville Acquisition Corp. Firma se chce soustředit na Truth Social, licencování dat a chystané spojení s TAE.
Trump Media and Technology Group has reportedly terminated its planned Cronos (CRO) treasury venture with Crypto.com and Yorkville Acquisition Corp. The companies also abandoned a related services agreement and a set of digital asset products.
Interim CEO Kevin McGurn told Axios on Friday that the crypto deals ended because the treasury sector became saturated. Trump Media will instead concentrate on Truth Social, data licensing, and its pending merger with fusion energy company TAE.
The venture, announced last year, would have licensed the Trump Media brand. The resulting company was built around Crypto.com’s Cronos blockchain and its CRO token. At launch, the partners billed it as the first and largest publicly traded CRO treasury firm.
Yorkville Acquisition Corp, a blank-check vehicle created to take the venture public, agreed to the termination as well. However, Yorkville America’s America First ETFs, branded as Truth Social Funds, will keep operating.
The retreat also follows a bruising start to the year, when crypto markdowns drove a $406 million quarterly loss. McGurn said saturation among treasury companies, rather than regulatory pressure, drove the decision.
“We wanted to get focused,” Axios reported, citing McGurn.
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He added that staking CRO has become less central for Crypto.com, making a split logical for both sides. Meanwhile, CRO traded near $0.0513 on Friday, down 0.4% over 24 hours, according to BeInCrypto Markets data.
Cronos (CRO) Price Performance. Source: BeInCryptoThe token holds a market capitalization of roughly $2.4 billion, ranking 38th overall.
Prediction Markets Give Way to Data LicensingSeparately, the companies scaled back plans to embed betting features inside Truth Social. Trump Media had unveiled Truth Predict prediction markets, powered by Crypto.com Derivatives North America, last October.
The partners will now pursue a marketing arrangement that promotes Crypto.com’s prediction products to Truth Social users. McGurn argued that established operators already crowd that space, so running back-end infrastructure offered little return. He sees Trump Media as a distribution and data partner instead of a market operator.
That data push is already visible. The company’s Truth Social API business, an application programming interface (API) that sells platform data, now serves about 10 customers, up from roughly five. Most are high-frequency trading firms that feed the data into algorithmic strategies. McGurn said the firm is also courting large language model developers and prediction market platforms.
McGurn expects the TAE merger to close before year-end. Whether a slimmer Trump Media can turn Truth Social’s audience and data into durable revenue may become clearer once that deal lands.
FTX Recovery Trust plánuje 31. července 2026 vyplatit věřitelům zhruba 900 milionů USD. Zároveň do Senátu dorazila aktualizovaná verze zákona CLARITY Act, zaměřená na jasnější pravidla pro digitální aktiva.
FTX, the exchange that became crypto’s most spectacular cautionary tale in 2022, keeps finding ways to stay relevant. The FTX Recovery Trust is preparing to distribute approximately $900 million to creditors on July 31, 2026, the latest in a series of payouts that have exceeded most expectations. Meanwhile, an updated text of the Digital Asset Market Clarity Act, better known as the CLARITY Act, landed in the Senate on July 22, 2026.
From rubble to recovery FTX Trading Ltd. and its affiliated debtors officially emerged from Chapter 11 bankruptcy on January 3, 2025. The reorganization plan, confirmed by the court in October 2024, valued recoverable assets between $14 billion and $16 billion. The plan promised more than 100% recovery for many non-governmental creditors, a rarity in any bankruptcy proceeding and essentially unheard of in crypto.
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The CLARITY Act takes shape First introduced on May 29, 2025, the bipartisan CLARITY Act aims to build the regulatory infrastructure that was conspicuously absent when Sam Bankman-Fried’s empire imploded. The bill tackles custody rules, disclosure requirements, and market practices.
The updated Senate text released on July 22, 2026, sharpens several key provisions. It includes risk disclosures designed to give retail investors a clearer picture of what they’re buying. It establishes insider safeguards, the kind that might have flagged Alameda Research’s relationship with FTX before billions went missing. And it introduces enforcement tools that would give regulators more precise authority to act when things go sideways.
One of the bill’s central goals is drawing a clear line between SEC and CFTC jurisdiction over digital assets. Senate Banking Committee materials from January 2026 affirm the legislation’s focus on consumer protections.
Why FTX’s ghost haunts the debate The exchange’s collapse exposed every gap in the existing regulatory framework simultaneously: commingled customer funds, opaque corporate structures, no meaningful disclosure requirements, and regulators who lacked clear authority to intervene. The fact that FTX’s estate ultimately recovered $14 billion to $16 billion in assets doesn’t erase the damage — it underscores that the money was recoverable, but the guardrails that should have prevented its misuse in the first place simply didn’t exist.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Upbit 7. září vyřadí BONK ze všech obchodních párů; výběry zůstanou otevřené do 7. října. Současně označila Synthetix (SNX) za varovné aktivum a pozastavila vklady u páru SNX/BTC od 7. srpna v 16:30 KST.
Upbit’s announcement that it will remove Bonk from all trading pairs on September 7 forces BONK holders to make a swift decision. The exchange will halt BONK/KRW and BONK/USDT trading, though withdrawals will remain accessible for an additional month, until October 7.
According to the original report, Upbit pointed to unresolved security incidents and a lack of transparent material disclosures. These shortcomings tip the scale away from continued listing, a pattern becoming more common on Korean platforms.
For anyone holding BONK on Upbit, the clock is ticking. Trading ends September 7, after which the token will be removed from the order book. Withdrawals will remain open until October 7, meaning holders can still move tokens to external wallets, but selling on Upbit will no longer be possible after the delisting date.
The token, native to Solana’s ecosystem, had maintained a visible presence on Upbit despite the chain’s developer momentum. Solana continues to rank among the top blockchains by weekly developer activity, yet meme tokens built on it can still face existential risk when exchange policy tightens.
Delisting a token with a fiat pair like BONK/KRW cuts off a major liquidity channel. On Upbit, the KRW market often acts as the primary price discovery venue for many tokens favored by Korean retail traders. Without it, BONK will rely on decentralized exchanges and non-KRW centralized markets, potentially leading to thinner order books and higher slippage.
Synthetix Under Review Separately, Upbit designated Synthetix (SNX) as a trading warning asset, suspending deposits for the SNX/BTC pair effective 4:30 p.m. KST on August 7. The exchange flagged shortcomings in SNX’s issuance plans, project viability, and sustainability progress. If unresolved during the review window set for August 24–28, the warning could escalate to a full delisting.
Synthetix is a well-known DeFi protocol for synthetic assets, making this warning a notable departure from the platform’s typical treatment of established projects. The review period gives the team a window to address governance and transparency concerns, but the outcome remains uncertain. Traders holding SNX on Upbit will need to monitor the situation closely.
If SNX is eventually delisted, the immediate impact would be on Korean retail access rather than the Synthetix protocol’s core functionality. Still, a major exchange taking a cautionary stance can influence how market makers and other platforms perceive the token’s risk profile.
A Tightening Listing Regime The back-to-back actions reflect a stricter posture from South Korea’s leading exchanges, a trend that has intensified since the Terra collapse. Platforms are now moving more assertively to delist tokens they deem opaque or risky, even if those tokens have significant market capitalizations or active communities.
In South Korea, exchanges operate under the Specific Financial Information Act, which mandates continuous monitoring of listed tokens. Upbit’s review process for SNX and its decision on BONK fall within this framework. The exchange’s language about “unresolved security incidents” is deliberately vague, but it signals that the token’s team either failed to address reported vulnerabilities or declined to share details with the exchange.
Regulatory pressure isn’t limited to Korea. In the United States, a major crypto bill faces last-minute banking opposition, underscoring how lawmaker and institutional scrutiny is reshaping token listing standards globally. For exchanges like Upbit, delisting becomes a compliance lever, not just a market curation tool.
The immediate question for token projects is whether they can adapt quickly enough to avoid the same fate. BONK’s delisting may serve as a warning for other meme coins that rely heavily on exchange liquidity without maintaining adequate transparency. For Synthetix, the next few weeks will show whether a DeFi mainstay can navigate the evolving expectations.
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Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.
Redwire ve 2. čtvrtletí zvýšil tržby na rekordních 117,1 milionu USD, téměř o 90 % meziročně, a upravená ztráta na akcii byla lepší, než se čekalo. Firma zároveň oznámila dohodu se SpaceX o misi plánované na rok 2028.
Redwire Corporation (RDW +14.88%) stock finished Friday up 14.9% while the S&P 500 and the Nasdaq Composite rose 0.6% and 1.2%, respectively.
Shares of the space hardware and defense drone builder rose for the second day following the release of its second-quarter report, which came in well ahead of expectations.
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Record revenue and a SpaceX partnership fuel the rally Redwire reported its Q2 results after the closing bell on Wednesday. Revenue hit a record $117.1 million, up nearly 90% from a year ago. Wall Street was expecting $9 million less.
Adjusted loss per share was a better-than-expected $0.09, and gross margin jumped to 27.8% from negative 30.9% a year earlier. Contracted backlog -- signed work the company hasn't delivered yet -- reached a record $542.1 million, though Redwire left its full-year revenue guidance of $450 million to $500 million unchanged.
Image source: Getty Images.
Then yesterday, the company said it had agreed to buy the entire capacity of a SpaceX Starfall spacecraft for a mission planned in 2028. It will carry up to 32 of the company's PIL-BOX units -- small containers that run pharmaceutical experiments in microgravity.
Why Redwire is still a high-risk bet Redwire is certainly heading in the right direction, but it still loses money on a consolidated basis. Adjusted EBITDA was negative $3.2 million last quarter, and free cash flow (FCF) was negative $35.3 million.
This is still a high-risk stock, though potentially high-reward.
Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Morgan Stanley has significantly increased its Bitcoin holdings, now totaling approximately $400 million. The banking giant’s recent moves have attracted considerable attention from both institutional investors and the broader crypto community, especially as market volatility continues to challenge investor sentiment.
Continuous Bitcoin PurchasesData from Arkham Intelligence reveals that Morgan Stanley has purchased Bitcoin for three consecutive days. This sustained accumulation comes just months after the launch of the firm’s MSTU Bitcoin ETF in April, demonstrating an ongoing strategic focus on crypto assets.
The purchases highlight Morgan Stanley’s determination to strengthen its exposure to Bitcoin at a time when the price has fluctuated around $64,000, with market sentiment wavering between positive and negative territory.
These actions suggest that regardless of the short-term price direction, the bank continues to view Bitcoin as an essential component of its broader digital asset strategy. Market analysts are closely monitoring whether these acquisitions point to long-term conviction or are positioned as tactical moves aimed at managing liquidity.
Expanding Crypto ETF OfferingsMorgan Stanley’s focus extends beyond just Bitcoin. The company has introduced what it describes as the lowest-cost Ethereum and Solana exchange-traded funds, seeking to provide institutional clients with a broader suite of crypto investment vehicles.
With these developments, Morgan Stanley is reinforcing its position as a key issuer in the crypto ETF landscape. The firm aims to offer institutional customers seamless, cost-efficient access to cryptocurrencies, expanding beyond traditional products to meet growing client interest in digital assets.
Following its steady Bitcoin accumulation, further data showed that the banking giant now holds about $400 million worth of Bitcoin, signaling its conviction in the asset despite the market downturn.
Market Dynamics and Investor DebateThe timing of these purchases has fueled discussions among market watchers. Some analysts propose that the moves reflect a strong, long-term belief in Bitcoin’s future potential from one of Wall Street’s largest players, while others question whether Morgan Stanley is primarily responding to short-term liquidity needs.
Given Bitcoin’s unpredictable price action and ongoing fluctuations around key resistance levels, close monitoring of institutional activity remains crucial for market participants. Investors are watching for signals that could either confirm Morgan Stanley’s conviction or reveal more complex motivations behind the bank’s strategy.
As the landscape for digital and traditional assets continues to converge, platforms like 1stepSwap are also gaining traction. By enabling direct wallet access to shares of major US companies and commodities such as gold and silver, 1stepSwap exemplifies new models for integrating real-world assets with blockchain technology. The platform’s standout feature—locating the best market price at any moment—allows users to seamlessly diversify their portfolios and execute trades on some of the largest stocks in seconds, without complex middlemen or procedures.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Flash Trade oznámila, že ukončí provoz burzy s perpetuals na Solanu, pokud nenajde kupce. Výnos z prodeje tech stacku, značky a IP má být rozdělen poměrně mezi držitele FAF.
Any proceeds from a sale of the exchange's tech stack, brand and IP go to FAF holders pro rata, with team tokens excluded from the distribution.
Flash Trade said on Friday it will wind down operations unless it finds a party to acquire the Solana perpetuals exchange, and that the decision was not driven by money.
"This decision is not calculated based on monetary reasons," the team wrote on X, citing "direction, shrinking market participants, and our own honest read on the crypto market as a whole and where it is heading."
The exchange said it is now pursuing a sale of its tech stack, brand and intellectual property, and that whatever the sale brings will be distributed to FAF token holders pro rata. The team "will not take a percentage," and team tokens will not participate in the distribution, according to the post.
Flash Trade has not set dates. "We haven't fixed the exact timeline yet, and we'd rather say that than publish dates we might have to move," the team wrote, committing only that withdrawals stay open and that it will give "clear notice well ahead of any change to them."
The operational specifics — when new positions are disabled, how open positions get settled, what liquidity providers need to do, and the dates for each — will be worked through on a call with token holders on Monday, with a write-up published immediately afterwards, the exchange said. The founders will hold an AMA on X on Monday, Aug. 10, at 16:00 UTC, or noon ET.
Explored Freezing AMMBefore settling on a sale, the team said it explored freezing its automated market maker with MetaDAO so that funds sitting in the AMM could be returned to holders pro rata. "That turned out not to be possible," according to the post.
Flash Trade also removed the three-month delay on token staking, so holders who want to unstake can do so immediately.
Alongside its read on the market, the team described a conflict over what its users wanted. "Ethically we are misaligned with the current direction of the crypto ecosystem," it wrote, adding that its own order flow showed "traders want to push further out on the risk curve" and that "we never found a way to serve that demand while sitting comfortably."
The exchange said it never raised outside capital, funding itself from the start, and has paid out roughly $520,000 in USDC of revenue share to FAF holders to date.
Perpetuals venues have been closing even as the sector's largest platforms grow. Dango said in July that it would wind down and halt trading on July 29.
CoreWeave čeká po výsledcích prudký pohyb: podle opcí může CRWV do konce týdne oscilovat až o 13 % oběma směry. Tržby za 2. čtvrtletí mají meziročně více než zdvojnásobit na 2,56 miliardy USD, ale ztráta se má prohloubit na 1,40 USD na akcii.
Key Takeaways CoreWeave’s latest earnings report is set to be released Tuesday afternoon, with the stock seen swinging up to 13% by the end of the week following the results.Sales are projected to have more than doubled from a year ago, though losses likely widened as the company spends on hardware to increase its compute capacity. CoreWeave is scheduled to release its quarterly earnings after the closing bell Tuesday, with traders expecting a sizable move in the cloud computing provider’s stock.1
Based on current options pricing, CoreWeave (CRWV) stock is seen swinging up to 13% in either direction by the end of the week following the results. A move of that size from Friday’s close could see the shares climb back above $102, or slip as low as $79.
CoreWeave shares have gained nearly 30% since the start of the year, but are close to 35% off their highs leading up to the company’s last report in May, amid worries about delays in data center construction. Shares of the cloud provider, which went public last March, have been boosted this year by deals with big names including Meta Platforms (META) and Nvidia (NVDA), along with its addition to the Nasdaq 100 index.
Why This Matters to Investors CoreWeave’s spending and delays in data center construction have rattled support for the shares lately, though they remain higher for the year.
Bank of America analysts recently wrote that “demand for GPU capacity remains elevated and customer commitments continue to grow, we believe the key debate is less about demand and more about execution,” including how quickly compute capacity can be brought online and the rate at which CoreWeave’s margins can improve.2 Oppenheimer analysts said they see concerns about capacity delays as “overblown.”3
CoreWeave’s second-quarter revenue is expected to have more than doubled year-over-year to $2.56 billion, though its losses likely widened to $1.40 per share, per Visible Alpha, as costs for some hardware components surged.
Analysts are largely bullish on CoreWeave stock, with 11 of the 14 analysts with current ratings tracked by Visible Alpha calling the stock a “buy,” compared to three neutral ratings. Their average price target of about $147 would suggest more than 60% upside from Friday’s close.
Warren Buffett plánuje do 31. prosince 2034 rozdat zbytek svých akcií Berkshire Hathaway v hodnotě kolem 140 miliard USD. Převod vlastnictví má být postupný a nemusí výrazně ovlivnit cenu ani řízení firmy.
Warren Buffett started giving away his Berkshire Hathaway (BRKA -0.75%) (BRKB -0.54%) shares 20 years ago, but the legendary investor is speeding up the process. Last month, Buffett announced his plans to dispose of his remaining shares between now and Dec. 31, 2034.
On the same day as the press release, Buffett converted $6 billion in Berkshire Class A shares into Class B shares and donated them to several private foundations.
Interestingly enough, for the first time in 20 years, Buffett gave nothing to the Gates Foundation, opting instead to give only to various affiliated foundations, including The Susan Thompson Buffett Foundation, as well as the private foundations run by each of his three children.
While there's rampant speculation about why Buffett skipped out on the Gates Foundation this time, there is one more pertinent question on the minds of Berkshire Hathaway stock investors: How will this accelerating transfer of Buffett's stake impact the company and its shares moving forward?
Image source: The Motley Fool.
Buffett and the big transfer Currently, the Oracle of Omaha holds a 13.2% economic interest in Berkshire Hathaway. This position is worth around $140 billion, implying that Buffett will give away an average of $17.5 billion each year for the next eight years.
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However, it's as if these shared, once transferred, will immediately hit the market. The Internal Revenue Service (IRS) may require private foundations to donate 5% of their overall assets annually.
While Securities and Exchange Commission (SEC) filings from The Gates Foundation suggest that it has sold off the bulk of the $47 billion in Berkshire shares it has received over the past 20 years , Buffett's family foundations may opt to hold on to their gifted positions.
Even if the family foundations liquidate their positions, this is likely to happen gradually. Furthermore, Berkshire's present and future share repurchase plans could mitigate the impact of some of these shares hitting the open market.
A shift, but not necessarily a dramatic one At the same time Buffett is initiating this great transfer, Berkshire Hathaway is seemingly shifting back to "buyback mode." According to published reports, the company has bought back between $5 billion and $11 billion worth of its own shares.
Berkshire has typically repurchased shares when it believes the company is trading below its intrinsic value. With nearly $400 billion in cash on hand, the company has plenty of capital it could return to investors. That said, it's not as if newly appointed CEO Greg Abel is looking to "dismantle" the Berkshire empire or even shrink it.
Although it still sits on a relatively large cash reserve, the company, under new leadership, has continued to make major deals and investments so far this year. Major transactions include Berkshire's $8.5 billion acquisition of Taylor Morrison and its $10 billion participation in Alphabet's $80 billion equity offering.
In short, while Berkshire's ownership may shift between now and 2034, it's not necessarily a dramatic one. Until subsequent developments suggest otherwise, don't expect Buffett's large transfer to materially affect the company's corporate governance, strategy, or price action.
Starbucks od října přestane v pojistných plánech hradit léky na hubnutí GLP-1 pro zaměstnance s nárokem na benefity. Krok přichází kvůli rostoucím nákladům firem na tyto přípravky.
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Marcin Golba/NurPhoto via Getty Images Starbucks is pulling back coverage for weight-loss drugs, a reversal that comes as employers' spending on popular GLP-1 medicines soars.
Starting in October, the Seattle-based coffee chain's health plans will no longer cover GLP-1 medications prescribed for weight loss for benefits-eligible employees, though the drugs may still be covered for other conditions. Starbucks offers health benefits to full- and part-time employees who work at least 20 hours a week.
A spokesperson for Starbucks confirmed the decision, which hasn't previously been reported, and declined to comment further.
Starbucks' move reflects a broader recalibration of a benefit that has rapidly reshaped corporate health plans. Originally developed for diabetes, GLP-1 drugs have become highly sought-after treatments for obesity, which is associated with a range of chronic health conditions. Soaring costs, however, are prompting some employers to limit eligibility.
GLP-1 drugs accounted for 11.4% of corporate employers' total annual claims last year, up from 6.9% in 2023, according to a 2026 survey by the International Foundation of Employee Benefit Plans, a nonprofit. Further, 36% of corporate employers covered the drugs for both diabetes and weight loss in 2026, while 60% covered them only for diabetes, the findings show.
The pullback comes as employers confront faster-rising health costs more broadly. Average health-benefit costs per employee rose 6% last year and are projected to rise 6.7% this year, according to Mercer. The growing use of costly GLP-1 medications is one of the main drivers of the increase, the benefits-consulting firm said.
Other large employers have stopped covering GLP-1s for weight loss, too, including Allina Health and, reportedly, PwC.
Allina Health, a Minnesota-based health system, ended coverage for GLP-1 medications prescribed for weight loss for employees and their covered dependents in January 2025. The company said at the time that continuing the benefit would have significantly increased medical premiums. A spokesperson for Allina Health was not immediately available for comment.
Not all employers are shying away from covering GLP-1 drugs for obesity. Earlier this week, Bank of America CEO Brian Moynihan said the bank spends more than $250 million a year on GLP-1 coverage for employees, or roughly 13% of its more than $2 billion annual healthcare budget. He said the bank views the expenditure as an investment in employee health.
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Sarah E. Needleman You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Sarah E. Needleman covers leadership and the workplace for Business Insider.Previously, she was a reporter for The Wall Street Journal for more than two decades, covering technology companies, entrepreneurship, and recruiting.In 2022, Sarah received an honorable mention with WSJ colleagues for their coverage of workplace misconduct at Activision Blizzard from the Society for Advancing Business Editing and Writing.Sarah graduated from Rutgers University in 1997 with a bachelor's degree in journalism. She lives with her husband, daughter, and fur child (an Australian labradoodle) in northern New Jersey.Have feedback or a tip?Contact Sarah on Signal at saraheneedleman.13, or email her at [email protected] of Sarah’s scoops, exclusives, and most-read articles include: 'Entitled,' 'complacent,' and 'sloppy': Inside the workplace tension at the world's largest HR organizationShe won a religious exemption from using AI at work. The Pope's remarks could fuel similar appeals.The CEO behind 'Grand Theft Auto' doesn't drink, smoke, or play video gamesPTO, parental leave, pensions: Even the most prized benefits are on the chopping blockGoodbye, middle managers. Hello, 'player-coaches' and 'org leads.'She used to manage 3 employees. Now she oversees 24. Welcome to the age of the megamanager.America's new sink-or-swim era is hereInside the AI divide roiling video game giant Electronic ArtsMeet your new office bestie: ChatGPT
Phillips 66 (PSX - Free Report) reported $52.04 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 55.3%. EPS of $9.41 for the same period compares to $2.38 a year ago.
The reported revenue represents a surprise of +43.88% over the Zacks Consensus Estimate of $36.17 billion. With the consensus EPS estimate being $7.68, the EPS surprise was +22.53%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Phillips 66 performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Refining Margins - Western/Pacific (Per Barrel): $29.65 compared to the $19.93 average estimate based on four analysts.Refining Margins - Worldwide (Per Barrel): $24.08 compared to the $23.15 average estimate based on four analysts.Refining Margins - Atlantic Basin/Europe (Per Barrel): $14.44 versus $19.77 estimated by four analysts on average.Refining Margins - Gulf Coast (Per Barrel): $24.25 versus $22.42 estimated by four analysts on average.Refining Margins - Central Corridor (Per Barrel): $29.56 versus the four-analyst average estimate of $26.35.Chemicals - CPChem Externally Marketed Sales Volumes: 5,006.00 Mlbs versus 5,432.52 Mlbs estimated by three analysts on average.Refining operations - Central Corridor - Capacity utilization (percent): 101% compared to the 95.1% average estimate based on three analysts.Refining operations - Central Corridor - Crude oil processed: 800 thousands of barrels of oil compared to the 754.31 thousands of barrels of oil average estimate based on three analysts.Refining operations - Central Corridor - Crude oil capacity: 793 thousands of barrels of oil versus 793 thousands of barrels of oil estimated by three analysts on average.Revenues and Other Income- Sales and other operating revenues: $51 billion versus $35.95 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +53.1% change.Revenues and Other Income- Equity in earnings of affiliates: $635 million versus $386.78 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +315% change.Total sales and other operating revenues- Renewable Fuels: $2.56 billion versus the two-analyst average estimate of $855.36 million. The reported number represents a year-over-year change of +58.7%.View all Key Company Metrics for Phillips 66 here>>>
Shares of Phillips 66 have returned +8.3% over the past month versus the Zacks S&P 500 composite's +2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Akcie Oracle za poslední dva týdny vzrostly o 27 % po rozšíření partnerství s Googlem. Google integruje Gemini do Oracle AI Agent Studio pro zákazníky OCI.
Oracle's (ORCL +2.47%) stock has rallied 27% over the past two weeks. Let's see what catalysts drove its stock higher, and if it can maintain its momentum over the next few months.
Why did Oracle's stock soar? The biggest catalyst for Oracle's stock was the expansion of its partnership with Alphabet's (GOOG -0.88%) (GOOGL -0.96%) Google on July 30. Google will integrate its advanced Gemini AI models into Oracle's AI Agent Studio, enabling Oracle's Cloud Infrastructure (OCI) customers to build and deploy AI agents with Google's AI software.
Image source: Getty Images.
OCI has been Oracle's primary growth engine over the past year. In fiscal 2026 (which ended on May 31), its cloud infrastructure revenue surged 77% to $18.1 billion, accounting for 27% of its top line, as more companies used its high-peformance GPU clusters to power AI applications.
OCI is much smaller than Amazon (AMZN +0.81%) Web Services (AWS), Microsoft (MSFT +0.03%) Azure, and Google Cloud, but it integrates its services into those larger cloud infrastructure platforms so that its enterprise customers can run their workloads seamlessly across multiple cloud providers without being locked into a single ecosystem. Its expanded partnership with Google complements that strategy and increases its exposure to the AI market.
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Another major catalyst was Microsoft's impressive earnings report on July 29. For fiscal 2026 (which ended on June 30), Azure's annual revenue surpassed $100 billion for the first time as Microsoft 365 Copilot reached more than 30 million paid seats. That robust growth suggests the AI supercycle -- which is driving most of Oracle's growth -- isn't slowing down. Lastly, hopes for milder macro headwinds drove more investors back toward higher-growth tech stocks.
Can Oracle maintain that momentum? From fiscal 2026 to fiscal 2029, analysts expect Oracle's revenue and EPS to grow at CAGRs of 39% and 30%, respectively. Those are incredible growth rates for a stock that trades at 22 times this year's earnings. Most of that growth should be fueled by OCI, which will directly profit from soaring AI workloads, its enterprise resource planning (ERP) services, and the growing usage of its cloud-based database services. All of those tailwinds should offset the ongoing decline of its on-premise software business -- which it's actively replacing with its cloud-based versions.
Oracle's stock is still down more than 40% this year, due to concerns about its soaring capex, ballooning debt, and its overwhelming dependence on a handful of high-growth AI companies like OpenAI and Meta Platforms. Those concerns are valid, but Oracle's spending spree could pay off as it expands its AI-oriented cloud ecosystem. Therefore, it's still a great growth stock to buy -- as long as you can stomach the near-term volatility.
Leo Sun has positions in Amazon and Meta Platforms. The Motley Fool has positions in and recommends Alphabet, Amazon, Meta Platforms, Microsoft, and Oracle. The Motley Fool has a disclosure policy.
Americká vláda už vyplatila přes 100 miliard USD na vrácení cel a celkové náhrady mohou dosáhnout 166 miliard USD. Největší částky míří k Apple, Walmartu a Amazonu.
Although outsize returns in the Dow Jones Industrial Average (^DJI +0.28%), S&P 500 (^GSPC +0.62%), and Nasdaq Composite (^IXIC +1.30%) have been the norm under President Donald Trump, bouts of extreme volatility have been as well.
In early April 2025, the president unveiled his long-touted "Liberation Day" tariff and trade policy, featuring sweeping global tariffs and higher reciprocal tariffs on dozens of countries deemed to have adverse trade imbalances with America. These tariffs were designed to protect American manufacturing jobs and make U.S. goods more price-competitive with those imported from overseas markets.
The Trump administration is issuing up to $166 billion in tariff refunds. Image source: Official White House Photo by Patrick B. Ruddy.
But in the days following this announcement, the Dow, S&P 500, and Nasdaq Composite endured what's now known as the "tariff tantrum." Equities plunged amid historic uncertainty.
By February 2026, the U.S. Supreme Court had invalidated the tariffs that Donald Trump had imposed under the International Emergency Economic Powers Act (IEEPA). This left the Trump administration on the hook to refund approximately $166 billion in IEEPA tariffs it had collected. On Aug. 4, total refunds issued surpassed $100 billion.
Some of the best-known, consumer-facing companies are already receiving the largest refund checks -- but this doesn't mean tariffs are now yesterday's news.
Massive Trump tariff refunds are being issued The biggest IEEPA refund that's already in hand went to Apple (AAPL +0.29%). The iPhone maker received $2.19 billion (over 2% of total refunds thus far) in its fiscal third quarter, which lifted its quarterly earnings per share by $0.11. Outgoing CEO Tim Cook has pledged to reinvest this refund into innovation and domestic manufacturing.
Companies expecting tariff refunds:
• Amazon: $600 million
• Apple: $2.2 billion
• Ford: $1.3 billion
• General Motors: $500 million
• UPS: $500 million
• Walmart: $2.4 billionhttps://t.co/A0RQBr812d
-- Frank Luntz (@FrankLuntz) August 3, 2026 Dual-industry leader Amazon (AMZN +0.81%) also received $600 million in IEEPA refunds during the second quarter. Unlike most companies receiving a refund, Amazon has stated that it plans to return some of this cash to its customers.
In terms of expectations, Walmart (WMT -0.20%) could receive the fattest tariff refund of them all at $2.4 billion. Other sizable refund expectations include automakers Ford Motor Company (F +1.38%) and General Motors (GM +0.74%), which anticipate refunds of $1.3 billion and $500 million, respectively, and wholesale club Costco Wholesale (COST -0.14%), which could receive around $2 billion. Costco has pledged to return this cash to its members if/when the government reimburses it.
Image source: Getty Images.
New tariffs mean new problems While these IEEPA refunds are providing one-time bottom-line boosts for some of America's consumer-facing powerhouses, the tariff story is far from over.
Last month, Trump and his administration used Section 301 of the Trade Act of 1974 to impose new sweeping global tariffs on more than 80 countries, ranging from 10% to 12.5%. Though the courts will ultimately determine the legality and staying power of these tariffs, their impact on consumer prices will be noticeable in economic data.
Across the 10 responses included from this month's ISM survey of service-industry purchasing managers (the people who buy things on behalf of businesses), the dominant theme is rising costs, driven by fuel and energy prices, tariffs, and AI-related demand.
No respondent reports... pic.twitter.com/ICCGnIF0Nj
-- Nick Timiraos (@NickTimiraos) June 3, 2026 For the past year, former Fed Chair Jerome Powell and current Fed Chair Kevin Warsh have noted that Trump's tariffs are lifting prices in the goods sector. Adding duties atop unfinished imported goods (e.g., steel) can increase U.S. production costs, which are then passed on to consumers.
Just because IEEPA tariff refunds are progressing, it doesn't mean tariffs are yesterday's news. If anything, we're likely to see the inflationary effects of tariffs ramp back up in the coming quarters, which is potentially worrisome news for a historically expensive stock market.
Sean Williams has positions in Amazon. The Motley Fool has positions in and recommends Amazon, Apple, Costco Wholesale, and Walmart. The Motley Fool recommends General Motors. The Motley Fool has a disclosure policy.
Morpheus a Secret Network oznámily partnerství pro soukromé spouštění AI modelů v Trusted Execution Environments. Cílem je umožnit inference bez odhalení citlivých dat.
Morpheus, a decentralised marketplace for AI inference, has announced a partnership with Secret Network to enable private, secure execution of AI models using Trusted Execution Environments (TEEs).
The collaboration introduces a new TEE Provider developed by Morpheus, capable of running confidential AI models within Trusted Execution Environments. Through this integration, Secret Network’s Confidential AI models will be accessible to Morpheus users, allowing AI inference to be performed without exposing sensitive data or model interactions.
AI inference, the stage at which trained models process new inputs to generate outputs, represents the primary point of interaction between users and AI systems. It is also where data privacy risks are most acute, particularly in decentralised environments where compute is distributed across multiple nodes. Any industry edge? No longer secret. No longer yours.
By combining Morpheus’s decentralised infrastructure with Secret Network’s privacy-preserving technology, the partnership aims to address this challenge directly.
“This is about making decentralised AI usable at an enterprise level,” said David Johnston of Morpheus. “Inference is where real-world value happens, but it is also where trust breaks down. By enabling confidential execution through TEEs, we are ensuring that users no longer have to choose between openness and privacy.”
Secret Network’s technology ensures that data remains encrypted not only in storage and transit, but also during computation. Within a TEE, inputs are processed securely, with neither the node operator nor external parties able to access the underlying data or outputs.
“Privacy cannot be an afterthought in AI,” said Luke B, COO at Secret Network Foundation. “As inference becomes the dominant mode of interaction with AI systems, protecting that layer is essential. This partnership brings confidential AI into a decentralised marketplace, which is a significant step forward for both adoption and trust.”
The integration reflects a broader shift towards confidential computing in AI, where sensitive data can be processed securely even in distributed environments. It also signals growing demand for infrastructure that supports both scalability and privacy, particularly as AI applications expand across finance, healthcare and enterprise systems.
Through this partnership, developers and enterprises using Morpheus will be able to access Secret Network’s Confidential AI models with full privacy guarantees, enabling new use cases that require secure, decentralised intelligence.
Stop theft. Stop worrying.
About Morpheus
Morpheus is a decentralised marketplace for AI inference, connecting users and developers with distributed compute resources to run AI models at scale.
About Secret Network
Secret Network is a blockchain platform focused on privacy-preserving computation, enabling confidential smart contracts and secure data processing through Trusted Execution Environments.
Allstate ve 2. čtvrtletí zvýšila výnosy o 11,8 % na 18,6 miliardy USD a čistý zisk na 3,2 miliardy USD. Pojistně-upisovací zisk i investiční výnosy také vzrostly.
MarketBeat Week in Review – 06/08 - 06/12Allstate NYSE: ALL reported higher second-quarter revenue, underwriting income and investment income as the insurer continued to expand policies across its auto, homeowners and protection-services businesses.
Total revenue rose 11.8% from a year earlier to $18.6 billion, while net premiums written increased 2.6%. Net income was $3.2 billion and adjusted net income was $2.3 billion, or $8.99 per share. For the first half of 2026, adjusted net income totaled $5.1 billion, or $19.65 per share.
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Allstate’s Comeback Is Turning Into a Profit MachineChair, President and CEO Tom Wilson said the company’s strategy centers on gaining property-liability market share, expanding its protection offerings and generating capital for growth investments, acquisitions, dividends and share repurchases. Allstate reported an adjusted net income return on equity of 44.2% over the past 12 months.
Underwriting Results Improve Allstate’s property-liability combined ratio improved by 4.5 points from the prior-year quarter to 86.6. The underlying combined ratio was 79.4, in line with the year-earlier period. Property-liability underwriting income increased nearly 57% to $2 billion.
MarketBeat Week in Review – 05/11 - 05/15President of Property-Liability Jess Merten said net premiums earned in the segment rose 4% to $14.9 billion, supported by growth in both auto and homeowners insurance.
Auto insurance recorded an 83.3 combined ratio, improving 2.7 points year over year. Homeowners insurance recorded a 94.6 combined ratio, improving 7.4 points. Lower catastrophe losses contributed 2.4 points to the overall combined-ratio improvement. Prior-year reserve re-estimates contributed 2 points, while a higher expense ratio offset 1 point of improvement. Merten said about half of the higher expense ratio reflected advertising, with most of the remainder tied to non-recurring legal expenses. He also said auto claim reserve releases totaled $1.5 billion year to date, with approximately half of bodily-injury changes relating to accident years 2023 and 2024.
Allstate’s annualized auto premium per policy was $1,486 in the second quarter, down slightly from the year-earlier period, while adjusted underlying loss and expense per policy was $1,337. The company implemented rate increases and decreases in 36 locations during the quarter, resulting in a net rate impact of zero.
On severity trends, Merten said Allstate does not provide a forward outlook, but noted that bodily-injury severity remained relatively elevated compared with physical-damage severity. He said future trends will depend on inflation affecting parts and labor as well as bodily-injury development.
Policy Growth and Distribution Expansion Total policies in force increased 3.8% to 215.9 million. Property-liability policies rose 2.6%, while Protection Services policies increased 4.1%. Issued applications increased 9.9%.
Chief Operating Officer Mario Rizzo said Allstate’s Transformative Growth initiative is supporting market-share gains through a mix of Allstate agents, independent agents and direct sales. Auto new-business volume rose to 2.3 million items in the quarter from 1.5 million three years earlier. Homeowners new business increased 46.8% to 411,000 policies.
Auto policy growth was 2.8% in the second quarter, while homeowners policy growth was 2.9%. Rizzo said the company spent $1.1 billion on advertising in the first half, citing returns on marketing investment and increased acquisition sophistication.
During the call, executives emphasized that growth is not based solely on price reductions. Wilson said the company is pursuing a “multifaceted approach” that includes customer affordability, new products, distribution expansion, marketing capabilities and claims effectiveness.
Management also discussed its approach to homeowners growth and catastrophe exposure. Wilson said Allstate is using pricing, analytics and individual-roof assessment capabilities to manage risk, while relying on a substantial catastrophe reinsurance program. He said the company does not require homeowners customers to also purchase auto insurance, although it seeks to offer customers multiple protection products.
Protection Services and Technology Investments Protection Services had 177 million policies in force and contributed $3.4 billion of top-line revenue, according to Rizzo. The segment generated more than $200 million of adjusted net income over the last 12 months.
The businesses include Allstate Protection Plans, Dealer Services, Arity, roadside assistance and Allstate Identity Protection. Rizzo said Allstate Protection Plans are distributed through more than 30 major retailers, including Walmart, Costco and The Home Depot. Allstate Identity Protection serves 3.4 million customers, while roadside assistance performs 1.75 million rescues annually.
Wilson also highlighted ALLIE, the company’s Large Language Intelligent Ecosystem, which is intended to use agentic artificial intelligence to improve customer service, reduce costs and support growth. He said Allstate has more than 250 analytical models using more than 40 petabytes of data and 1.5 billion CPU compute hours.
Wilson said the company’s existing orchestration layer, developed as part of Transformative Growth, should help accelerate ALLIE’s deployment by connecting underlying systems. He said Allstate does not use public large language models for its internal work and remains focused on cybersecurity and customer-data protection.
Investment Income, Capital and Share Repurchases Net investment income increased 33.8% to $1 billion in the quarter, reflecting a larger portfolio, longer bond duration, and higher performance-based income. President of Investments and Corporate Strategy and Interim CFO John Dugenske said trailing-12-month investment income has risen more than 57% since 2022 to nearly $3.8 billion.
The investment portfolio is 80% interest-bearing assets, with equity securities and performance-based investments providing growth-oriented exposure. Allstate increased public-equity holdings by $7.1 billion last year and lengthened bond-portfolio duration, actions that contributed to investment income and mark-to-market equity gains, management said.
Allstate returned $1.3 billion to shareholders during the quarter, including $1 billion in common-stock repurchases. The company had $2.6 billion remaining under its $4 billion repurchase authorization announced in February. Deployable capital at the holding company rose to $9.5 billion, or approximately $37 per common share outstanding.
Wilson also welcomed Chris Lown, who joined Allstate as chief financial officer during the week of the call. Dugenske will continue leading investments and corporate strategy after serving as interim CFO.
About Allstate (NYSE:ALL)Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.
The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.
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Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2026. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Aflac ve 2. čtvrtletí vykázal zředěný EPS 1,63 USD a upravený zisk 1,75 USD, podpořený růstem v Japonsku i v americkém skupinovém pojištění. Firma zároveň vrátila akcionářům 1,3 miliardy USD a potvrdila cíl 43. ročního zvýšení dividendy v řadě.
A Boring Dividend Growth Strategy Becomes a Solid Defensive PlayAflac NYSE: AFL reported second-quarter 2026 net earnings of $1.63 per diluted share and adjusted earnings of $1.75 per diluted share, as the insurer cited continued sales momentum in Japan and growth in its U.S. group insurance operations. Chief Financial Officer Max Brodén said adjusted earnings increased 1.1% year over year to $1.80 per diluted share excluding foreign-currency effects.
Chairman and Chief Executive Officer Dan Amos said the quarter extended a “solid financial start” to the year, supported by operating execution, investment income and capital generation. The company returned $1.3 billion to shareholders during the quarter through $983 million of stock repurchases and $309 million in dividends. For the first six months of 2026, shareholder returns totaled $2.6 billion.
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3 Overlooked Stocks Positioned for the Next Market RotationAmos said Aflac remains committed to extending its record of 43 consecutive annual dividend increases in 2026.
Japan Sales Decline Against Strong Comparison Aflac Japan recorded sales of ¥11 billion in the second quarter, down 5.6% from a year earlier, reflecting a difficult comparison following the prior-year launch of Miraito Cancer Insurance. First-half sales, however, rose 7%, and Amos said the company expects full-year Japan sales to exceed 2025 levels.
MarketBeat Week in Review – 06/08 - 06/12The company cited strong growth from its refreshed Tsumitasu savings-type life product and its Anshin Palette medical insurance product, introduced in December 2025. Tsumitasu accounted for about 20% of total sales, according to Masatoshi Koide, president and representative director of Aflac Life Insurance Japan.
Koide said Tsumitasu has helped broaden Aflac’s customer base among younger consumers and has supported sales of cancer and medical products alongside the savings product. Koichiro Yoshizumi, executive vice president of sales and marketing at Aflac Life Insurance Japan, said concurrent sales of cancer and medical coverage with Tsumitasu have exceeded the company’s initial 25% target.
While medical insurance sales declined sequentially from the first quarter, Yoshizumi said momentum has remained stronger than expected and should continue through the second half. The first-quarter result benefited from extensive preparation surrounding the late-December product launch, he said.
Japan premium persistency was 92.7%, unchanged from the prior quarter. Brodén said the company has experienced elevated lapse-and-reissue activity on recently introduced products, particularly Miraito, but expects that activity to normalize now that the cancer product has been in the market for more than a year.
Japan net earned premiums declined 3.7% in yen terms. Underlying earned premiums, excluding reinsurance, paid-up policies and deferred profit liability effects, declined 1.4%. The Japan benefit ratio was 64%, down 250 basis points year over year. The expense ratio was 20.2%, down 40 basis points despite inflation pressures in Japan. Japan’s pretax margin increased 230 basis points to 34.3%. Brodén said the company now expects Japan’s full-year benefit ratio to land at the high end of its 60% to 63% guidance range, excluding the annual third-quarter actuarial assumption review. He attributed the higher year-to-date ratio partly to fewer lapses of older policies, which carry larger accumulated reserves and would otherwise provide a greater benefit-ratio reduction when they lapse.
U.S. Group Business Gains Momentum In the U.S., Aflac reported a 2.6% year-over-year increase in sales and a 2.3% increase in net earned premiums. Premium persistency improved 20 basis points to 79.4%, while the U.S. pretax margin was 20.9%.
President Virgil Miller said the company’s group life, absence and disability business, together with dental and vision products and group voluntary benefits, generated sales growth of 7.1% in the second quarter. Earned premiums for those group products rose 13%.
Dental and vision sales increased 47%, driven heavily by Aflac’s agency force, Miller said. He added that the company plans to focus in the second half on increasing broker adoption of network dental products while continuing to pair dental and vision sales with voluntary-benefits offerings.
Aflac expects 2026 U.S. net earned premium growth to come in slightly below its previous 3% to 6% guidance range, compared with its earlier expectation for growth at the low end of that range. Brodén said the company still expects its 2025-2027 net earned premium compound annual growth rate to remain within the 3% to 6% range.
The U.S. benefit ratio rose 220 basis points year over year to 49.5%, primarily because of increased incurred group disability claims following favorable results in the prior quarter. The U.S. expense ratio fell 20 basis points to 36.1%.
Portfolio Repositioning and Capital Management Aflac repositioned $4.8 billion of its investment portfolio through switch trades during the quarter. Global Chief Investment Officer Brad Dyslin said the activity was concentrated in Japan and involved harvesting foreign-exchange gains on U.S. dollar assets to offset losses on older, lower-yielding bonds, including Japanese government bonds.
Brodén said the transactions are expected to increase net investment income by more than $50 million on an annualized run-rate basis, while having a limited effect on capital. The company also said the trades improved asset-liability management, reduced the risk of future Financial Services Agency impairments and strengthened portfolio quality.
Aflac ended the quarter with $3.3 billion in unencumbered liquidity, or $2.3 billion above its $1 billion minimum balance. Adjusted leverage was 21.8%, within the company’s 20% to 25% target range. Its estimated regulatory economic solvency ratio was 226%, or 240% including the Undertaking-Specific Parameter, while combined risk-based capital was slightly above 600%.
The company also revised its internal Japan reinsurance target to permit cessions of up to 30% of Financial Services Agency reserves, replacing a prior target of up to 10% of U.S. GAAP assets. Brodén said the expanded capacity is intended to reduce risk, improve balance-sheet efficiency and support higher returns on equity, though the timing and size of future transactions will vary.
Amos said Aflac will continue evaluating acquisition opportunities but will apply a “strenuous test” before pursuing a deal. He said the company has been encouraged by the progress of smaller businesses it previously acquired and would consider larger opportunities if they made financial and strategic sense.
About Aflac (NYSE:AFL)Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac's product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.
Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.
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With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Akcie Rocket Lab v pátek vzrostly o 9,5 % po úspěšném startu rakety Electron a novém kontraktu od U.S. Space Force za 397 milionů USD. Firma má také dalších 10 misí pro japonského zákazníka.
Rocket Lab Corporation (RKLB +9.46%) jumped 9.5% on Friday. The S&P 500 and the Nasdaq Composite were up 0.6% and 1.2%, respectively.
Shares of the rocket and satellite manufacturer were lifted by another successful Electron mission, a day after the company announced a new $397 million U.S. Space Force award.
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Another successful Electron launch Rocket Lab launched an Electron rocket -- its current workhorse -- from its Complex 1 site in New Zealand at 9:18 p.m. local time Thursday, carrying a single satellite for a Japanese operator of Earth-imaging satellites. The payload was placed in orbit to join the customer's existing imaging constellation.
That was the 92nd Electron flight since the rocket debuted. Rocket Lab has another 10 dedicated missions booked for the customer before 2030.
A $397 million Space Force contract steals the show The Electron launch was icing on the cake, however. The real story is the company's latest Space Force contract. Rocket Lab was selected for the Space-Based Airborne Moving Target Indicator (SB-AMTI) program and will build, launch, and run a constellation of flat satellites. It recieves $397 million for the project.
Image source: Getty Images.
Rocket Lab has already booked $816 million from the Space Development Agency for 18 missile-tracking satellites, plus a $266 million deal for suborbital missile-defense launches.
Is Rocket Lab stock a buy now? Rocket Lab is moving in the right direction financially and operationally. The big question is whether it can get its Nuetron program off the ground, the company's medium lift rocket that will allow it to compete more directly with SpaceX. The newest Space Force contract is contingent on Neutron being a success.
Meanwhile, the company is still losing money, and the stock is richly valued, to put it lightly. Still, there is upside if the company can hit its targets.
Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Rocket Lab. The Motley Fool has a disclosure policy.
Ziff Davis zveřejnila výsledky za 2. čtvrtletí fiskálního roku 2026. Na konferenčním hovoru vedení společnosti představilo čtvrtletní výkonnost a následně odpovídalo na dotazy analytiků.
Ziff Davis, Inc. (ZD) Q2 2026 Earnings Call August 7, 2026 8:30 AM EDT
Company Participants
Bret Richter - Chief Financial Officer
Vivek Shah - CEO, President & Director
Conference Call Participants
Robert Coolbrith - Evercore ISI Institutional Equities, Research Division
Rishi Jaluria - RBC Capital Markets, Research Division
Ronald Josey - Citigroup Inc., Research Division
Daneal Senderovich - Susquehanna Financial Group, LLLP, Research Division
Presentation
Operator
Good day, ladies and gentlemen, and welcome to the Ziff Davis Second Quarter 2026 Earnings Conference Call. My name is Tom, and I will be the operator assisting you today. [Operator Instructions] On this call will be Vivek Shah, CEO of Ziff Davis, and Bret Richter, Chief Financial Officer of Ziff Davis. I will now turn the call over to Bret Richter, Chief Financial Officer of Ziff Davis. Thank you. You may begin.
Bret Richter
Chief Financial Officer
Thank you. Good morning, everyone, and welcome to the Ziff Davis Investor Conference Call for the Second Quarter of Fiscal Year 2026. As the operator mentioned, I am Bret Richter, Chief Financial Officer of Ziff Davis, and I am joined by our Chief Executive Officer, Vivek Shah.
A presentation is available for today's call. The presentation and our earnings release are available on our website, www.ziffdavis.com. You can access the webcast from this site. When you launch the webcast, there is a button on the viewer on the right-hand side, which will allow you to expand the slides.
After completing the presentation, we will be conducting a Q&A. The operator will provide instructions regarding the procedures for asking questions. In addition, you could e-mail questions to [email protected].
Before we begin our prepared remarks, allow me to read the safe harbor language. As you know, this call and the webcast will include forward-looking statements. Such statements may involve risks and uncertainties that
HEI ve 2. čtvrtletí vykázala čistý zisk 123 mil. USD, tedy 0,71 USD na akcii, proti 26 mil. USD a 0,15 USD před rokem. Core zisk ale klesl na 22,453 mil. USD z 35,356 mil. USD.
HONOLULU--(BUSINESS WIRE)--Hawaiian Electric Industries, Inc. (NYSE - HE) (HEI) today reported net income for the second quarter of 2026 of $123 million, or $0.71 per share, compared to net income of $26 million, or $0.15 per share in the second quarter of 2025. The quarter’s results include the impact of remeasuring the remaining Maui wildfire settlement liability to present value after the settlement agreement was finalized in April, resulting in the remaining payment obligations becoming fixed under contract. Excluding Maui wildfire-related items and expenses taken in connection with the review of strategic options for Pacific Current, Core net income was $22 million, or $0.13 per share, compared to $35 million, or $0.20 per share in 2025.
“In June we filed our annual action plan update to our IGP, laying out immediate actions necessary to meet customers’ growing energy needs while improving reliability, resilience and affordability. These actions include using competitive procurements for all types of generation to attract the lowest pricing for customers, and on July 17 we submitted our IGP Request for Proposals to the PUC. We are seeking to procure nearly 1,650 gigawatt-hours of variable renewable energy, 465 megawatts of grid forming resources and 111 megawatts of firm generating capacity. The proposed procurement is one of our largest ever, and would help us build a portfolio that meets the requirements of reliability and lower carbon emissions at the least cost to customers,” said Scott Seu, HEI president and CEO.
“We’ve also continued progressing our Wildfire Mitigation Plan implementation, with the PUC fully approving our Wildfire Mitigation Plan costs, which we plan to securitize as we prioritize customer affordability. Our positive credit ratings trajectory has continued as another rating agency upgraded us in recent months, acknowledging the progress we’ve made reducing wildfire risk in our service territories. Stronger credit ratings ultimately lower our cost of borrowing, which directly improves customer affordability. Moving forward, we’ll continue to focus on making the investments outlined in our Wildfire Mitigation Plan, while operating efficiently and maintaining financial strength,” said Seu.
HAWAIIAN ELECTRIC COMPANY (HAWAIIAN ELECTRIC) EARNINGS
Hawaiian Electric’s net income for the second quarter of 2026 was $138 million compared to net income of $39 million in the second quarter of 2025, with the increase primarily driven by the following pre-tax variances (among others):
$154 million from remeasurement of the remaining settlement liability to present value (as the remaining settlement liability was adjusted from $1.44 billion to $1.30 billion and recognized on the income statement as a reduction to expense of $154 million); $9 million of insurance recoveries recognized as an adjustment to the tort-related legal claims; $8 million in higher revenues, primarily from the annual revenue adjustment mechanism; and $1 million in higher interest income. These items were partially offset by (among others):
$23 million in higher interest expense, which includes $18 million of accretion expense related to remeasuring the remaining settlement liability to present value; $9 million in higher O&M (driven by higher generation, transmission and distribution costs, higher labor and employee benefits costs and higher other general and administrative costs partially offset by lower WMP expenses); and $2 million in higher depreciation expense. Hawaiian Electric’s Core net income for the second quarter was $33 million compared to $42 million in 2025, with the decrease primarily driven by higher interest expense and higher O&M.
UTILITY OUTLOOK AND GUIDANCE
Hawaiian Electric continues to expect 2026 adjusted O&M excluding pension3, to significantly outpace inflation as we progress through a transitional year ahead of a 2027 rate rebasing. This is due to the following factors: higher insurance premiums, primarily reflecting the deferral treatment of wildfire insurance premiums prior to 2026; storm response expenses related to severe weather in February and March; higher vegetation management expenses; higher overhauls and station maintenance expenses as the utility prioritizes reliability; higher IT-related costs to improve cyber defenses; and higher labor and benefits costs. In addition, the maximum penalty of ~$3.7 million (pre-tax) is expected under the Fuel Cost Risk Sharing mechanism, which is recorded as a reduction of fuel revenue. Additionally, the remeasurement of the remaining wildfire settlement liability in the second quarter reduced the liability to its present value and resulted in a non-cash benefit in the quarter. This benefit will be offset over time by future interest accretion (expense) as the liability increases to the full settlement amount when payments become due. Hawaiian Electric’s proposed rate rebasing and proposed modifications to the PBR framework are intended to address many of the higher O&M costs, such as increased insurance premiums. Additionally, the Company is in the process of reprioritizing work to mitigate expense headwinds, while managing expenses to operate as efficiently as possible.
HOLDING AND OTHER COMPANIES
The holding and other companies’ net loss was $15 million in the second quarter of 2026 compared to $13 million in the second quarter of 2025. The higher net loss for the quarter was primarily driven by lower interest income due to the lower cash balance following the first wildfire settlement payment made in April, partially offset by a lower loss related to the ongoing review of strategic options for Pacific Current. Core net loss for the quarter was $10 million compared to $7 million in the same quarter of 2025, primarily due to lower interest income.
EARNINGS RELEASE, WEBCAST AND CONFERENCE CALL TO DISCUSS EARNINGS
HEI will conduct a webcast and conference call to review its second quarter 2026 consolidated financial results today at 10:30 a.m. Hawaii time (4:30 p.m. Eastern).
To listen to the conference call, dial 1-888-660-6377 (U.S.) or 1-929-203-0797 (international) and enter passcode 2393042. Parties may also access presentation materials (which include reconciliation of non-GAAP measures) and/or listen to the conference call by visiting the conference call link on HEI’s website at www.hei.com under “Investor Relations,” sub-heading “News and Events — Events and Presentations.”
A replay will be available online and via phone. The online replay will be available on HEI’s website about two hours after the event. The audio replay will also be available about two hours after the event through August 14, 2026. To access the audio replay, dial 1-800-770-2030 (U.S.) or 1-647-362-9199 (international) and enter passcode 2393042.
HEI and Hawaiian Electric Company, Inc. (Hawaiian Electric) intend to continue to use HEI’s website, www.hei.com, as a means of disclosing additional information; such disclosures will be included in the Investor Relations section of the website. Accordingly, investors should routinely monitor the Investor Relations section of HEI’s website, in addition to following HEI’s and Hawaiian Electric’s press releases, HEI’s and Hawaiian Electric’s Securities and Exchange Commission (SEC) filings and HEI’s public conference calls and webcasts. Investors may sign up to receive e-mail alerts via the “Investor Relations” section of the website. The information on HEI’s website is not incorporated by reference into this document or into HEI’s and Hawaiian Electric’s SEC filings unless, and except to the extent, specifically incorporated by reference.
Investors may also wish to refer to the Public Utilities Commission of the State of Hawaii (PUC) website at https://hpuc.my.site.com/cdms/s/ to review documents filed with, and issued by, the PUC. No information on the PUC website is incorporated by reference into this document or into HEI’s and Hawaiian Electric’s SEC filings.
NON-GAAP MEASURES
Measures described as “Core” are non-GAAP measures which exclude Maui wildfire-related items, and expenses taken in connection with HEI’s ongoing review of strategic options for Pacific Current. “Adjusted O&M excluding pension” is a non-GAAP measure which excludes pension nonservice retirement benefits and net income neutral items (consisting of O&M covered by surcharges or covered by third parties). See “Explanation of HEI’s Use of Certain Unaudited Non-GAAP Measures” and the related GAAP reconciliations at the end of this release.
FORWARD LOOKING STATEMENTS
This release may contain “forward-looking statements,” which include statements that are predictive in nature, depend upon or refer to future events or conditions, and usually include words such as “will,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “predicts,” “estimates” or similar expressions. In addition, any statements concerning future financial performance, ongoing business strategies or prospects or possible future actions are also forward-looking statements. Forward-looking statements are based on current expectations and projections about future events and are subject to risks, uncertainties and the accuracy of assumptions concerning HEI and its subsidiaries, the performance of the industries in which they do business and economic, political and market factors, among other things. These forward-looking statements are not guarantees of future performance.
Forward-looking statements in this release should be read in conjunction with the “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” discussions (which are incorporated by reference herein) set forth in HEI’s Annual Report on Form 10-K for the year ended December 31, 2025 and HEI’s other SEC periodic and current reports and other filings that discuss important factors that could cause HEI’s results to differ materially from those anticipated in such statements. These forward-looking statements speak only as of the date of the report, presentation or filing in which they are made. Except to the extent required by the federal securities laws, HEI, Hawaiian Electric, and their subsidiaries undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
ABOUT HEI
HEI’s electric utility, Hawaiian Electric, supplies power to approximately 95% of Hawaii’s population and is undertaking an ambitious effort to decarbonize its operations and the broader state economy, and modernize and harden the grid to ensure public safety, reliability and resilience. For more information, visit www.hei.com.
Hawaiian Electric Industries, Inc. (HEI) and Subsidiaries
CONSOLIDATED STATEMENTS OF INCOME DATA
(Unaudited)
Three months ended June 30
Six months ended June 30
(in thousands, except per share amounts)
2026
2025
2026
2025
Revenues
Electric utility
$
936,864
$
742,482
$
1,680,904
$
1,480,848
Other
2,839
3,910
5,246
9,614
Total revenues
939,703
746,392
1,686,150
1,490,462
Expenses
Electric utility (includes $154 million benefit for the tort settlement remeasurement)
718,300
677,938
1,399,807
1,340,367
Other
17,189
14,707
28,752
33,928
Total expenses
735,489
692,645
1,428,559
1,374,295
Operating income (loss)
Electric utility
218,564
64,544
281,097
140,481
Other
(14,350
)
(10,797
)
(23,506
)
(24,314
)
Total operating income
204,214
53,747
257,591
116,167
Retirement defined benefits credit—other than service costs
879
919
1,758
1,836
Interest expense, net
(48,383
)
(27,256
)
(79,511
)
(61,468
)
Allowance for borrowed funds used during construction
1,997
1,462
3,702
2,879
Allowance for equity funds used during construction
4,387
3,702
8,151
7,287
Interest and dividend income
5,284
7,579
15,279
20,202
Loss on sale of a subsidiary and impairment loss on assets held for sale
(3,716
)
(178
)
(3,716
)
(13,389
)
Income before income taxes
164,662
39,975
203,254
73,514
Income tax expense
41,462
13,417
49,604
19,812
Net income
123,200
26,558
153,650
53,702
Preferred stock dividends of subsidiaries
—
473
—
946
Net income for common stock
$
123,200
$
26,085
$
153,650
$
52,756
Basic earnings per common share
$
0.71
$
0.15
$
0.89
$
0.31
Diluted earnings per common share
$
0.71
$
0.15
$
0.89
$
0.31
Weighted-average number of common shares outstanding
172,637
172,496
172,632
172,487
Weighted-average shares assuming dilution
173,222
172,655
173,353
172,832
Income (loss) for common stock by segment
Electric utility
$
137,858
$
39,150
$
173,201
$
86,966
Other
(14,658
)
(13,065
)
(19,551
)
(34,210
)
Income for common stock
$
123,200
$
26,085
$
153,650
$
52,756
Comprehensive income attributable to HEI
$
123,125
$
25,779
$
153,501
$
51,990
Return on average common equity (%) (twelve months ended)1
13.6
NM
Hawaiian Electric Company, Inc. (Hawaiian Electric) and Subsidiaries
CONSOLIDATED STATEMENTS OF INCOME DATA
(Unaudited)
Three months ended June 30
Six months ended June 30
($ in thousands, except per barrel amounts)
2026
2025
2026
2025
Revenues
$
936,864
$
742,482
$
1,680,904
$
1,480,848
Expenses
Fuel oil
336,615
210,587
573,528
449,308
Purchased power
223,559
174,963
368,833
321,680
Other operation and maintenance
166,743
158,217
328,960
301,325
Wildfire tort-related claims
(162,383
)
—
(162,383
)
—
Depreciation
66,447
63,974
132,893
127,993
Taxes, other than income taxes
87,319
70,197
157,976
140,061
Total expenses
718,300
677,938
1,399,807
1,340,367
Operating income
218,564
64,544
281,097
140,481
Allowance for equity funds used during construction
4,387
3,702
8,151
7,287
Retirement defined benefits credit—other than service costs
1,049
1,052
2,099
2,103
Interest expense and other charges, net
(45,351
)
(21,706
)
(73,227
)
(44,158
)
Allowance for borrowed funds used during construction
1,997
1,462
3,702
2,879
Interest income
2,713
1,215
6,581
3,196
Income before income taxes
183,359
50,269
228,403
111,788
Income tax expense
45,501
10,620
55,202
23,824
Net income
137,858
39,649
173,201
87,964
Preferred stock dividends of subsidiaries
—
229
—
458
Net income attributable to Hawaiian Electric
137,858
39,420
173,201
87,506
Preferred stock dividends of Hawaiian Electric
—
270
—
540
Net income for common stock
$
137,858
$
39,150
$
173,201
$
86,966
Comprehensive income attributable to Hawaiian Electric
$
137,811
$
39,103
$
173,107
$
86,872
OTHER ELECTRIC UTILITY INFORMATION
Kilowatthour sales (millions)
Hawaiian Electric
1,496
1,509
2,953
2,962
Hawaii Electric Light
260
257
518
512
Maui Electric
259
266
516
523
2,015
2,032
3,987
3,997
Average fuel oil cost per barrel
$
145.67
$
100.40
$
119.71
$
102.56
Return on average common equity (%) (twelve months ended)1
15.0
3.7
Explanation of HEI’s Use of Certain Unaudited Non-GAAP Measures
HEI management uses certain non-GAAP measures to evaluate the performance of HEI. Management believes these non-GAAP measures provide useful information and are a better indicator of the companies’ core operating activities. Core earnings and other financial measures as presented here may not be comparable to similarly titled measures used by other companies. The accompanying tables provide a reconciliation of reported GAAP1 earnings to non-GAAP Core earnings.
The reconciling adjustments from GAAP earnings to Core earnings are limited to the items related to the Maui wildfires and costs related to HEI’s ongoing review of strategic options for Pacific Current. Management does not consider these items to be representative of the company’s fundamental Core earnings.
Reconciliation of GAAP1 to non-GAAP Measures
Hawaiian Electric Industries, Inc. (HEI) and Subsidiaries
Unaudited
Three months ended June 30
Six months ended June 30
(in thousands)
2026
2025
2026
2025
Maui windstorm and wildfires related items
Pretax expenses:
Legal expenses
$
3,325
$
5,888
$
5,232
$
14,738
Outside services expense
—
11
—
135
Other expense
1,270
5,859
1,378
11,787
Interest expense
—
870
—
2,901
Pretax expenses
4,595
12,628
6,610
29,561
Insurance recoveries2
(7,842
)
2,418
(9,174
)
(4,304
)
Settlement remeasurement3
(153,870
)
—
(153,870
)
—
Accretion expense4
17,714
—
17,714
—
Deferral of cost
—
(9,889
)
—
(15,572
)
Total Maui windstorm and wildfires related items, net
(139,403
)
5,157
(138,720
)
9,685
Pretax loss on sale of a subsidiary and asset impairment
3,716
178
3,716
13,389
Income tax expense (benefit)5
34,940
3,936
34,764
(632
)
After-tax adjustments
$
(100,747
)
$
9,271
$
(100,240
)
$
22,442
Reconciliation of GAAP to non-GAAP Measures (continued)
Hawaiian Electric Industries, Inc. (HEI) and Subsidiaries
Unaudited
Three months ended June 30
Six months ended June 30
(in thousands)
2026
2025
2026
2025
HEI Consolidated
GAAP1 net income (as reported)
$
123,200
$
26,085
$
153,650
$
52,756
Excluding special items related to the Maui windstorm and wildfires (after tax)2:
Legal expenses
2,469
4,372
3,885
10,943
Outside services expense
—
8
—
100
Other expense
943
4,350
1,023
8,752
Interest expense
—
646
—
2,154
After tax expenses
3,412
9,376
4,908
21,949
Insurance recoveries3
(5,823
)
1,795
(6,812
)
(3,196
)
Settlement remeasurement4
(114,248
)
—
(114,248
)
—
Accretion expense5
13,153
—
13,153
—
Deferral of cost
—
(7,342
)
—
(11,562
)
Total Maui windstorm and wildfires related items, net (after tax)
(103,506
)
3,829
(102,999
)
7,191
Loss on sale of a subsidiary and asset impairment (after tax)2
2,759
5,442
2,759
15,251
Non-GAAP (Core) net income
$
22,453
$
35,356
$
53,410
$
75,198
GAAP Diluted earnings per share (as reported)
$
0.71
$
0.15
$
0.89
$
0.31
Non-GAAP (Core) Diluted earnings per share
$
0.13
$
0.20
$
0.31
$
0.44
Reconciliation of GAAP to non-GAAP Measures (continued)
Hawaiian Electric Company, Inc. and Subsidiaries
Unaudited
Three months ended June 30
Six months ended June 30
(in thousands)
2026
2025
2026
2025
Maui windstorm and wildfires related items
Pretax expenses:
Legal expenses
$
1,109
$
4,304
$
2,564
$
8,153
Other expense
1,116
5,792
1,116
11,487
Interest expense
—
660
—
2,412
Pretax expenses
2,225
10,756
3,680
22,052
Insurance recoveries1,2
(7,870
)
3,620
(8,831
)
556
Settlement remeasurement3
(153,870
)
—
(153,870
)
—
Accretion expense4
17,714
—
17,714
—
Deferral of cost5
—
(9,889
)
—
(15,572
)
Total Maui windstorm and wildfires related items, net
(141,801
)
4,487
(141,307
)
7,036
Income tax expense (benefits)6
36,514
(1,156
)
36,387
(1,812
)
After-tax adjustments
$
(105,287
)
$
3,331
$
(104,920
)
$
5,224
Hawaiian Electric consolidated net income
GAAP7 net income (as reported)
$
137,858
$
39,150
$
173,201
$
86,966
Excluding special items related to the Maui windstorm and wildfires (after tax)6:
Legal expenses
824
3,195
1,904
6,053
Other expense
828
4,300
828
8,529
Interest expense
—
490
—
1,791
After tax expenses
1,652
7,985
2,732
16,373
Insurance recoveries1,2
(5,844
)
2,688
(6,557
)
413
Settlement remeasurement3
(114,248
)
—
(114,248
)
—
Accretion expense4
13,153
—
13,153
—
Deferral of cost5
—
(7,342
)
—
(11,562
)
Total Maui windstorm and wildfires related items, net (after tax)
(105,287
)
3,331
(104,920
)
5,224
Non-GAAP (Core) net income
$
32,571
$
42,481
$
68,281
$
92,190
Twelve months ended June 30
2026
2025
Ratios (%)
Based on GAAP - Return on average equity8
15.0
3.7
Based on Non-GAAP (core) - Return on average equity8,9
5.7
7.2
Reconciliation of GAAP to non-GAAP Measures (continued)
Holding and Other Companies
Unaudited
Three months ended June 30
Six months ended June 30
(in thousands)
2026
2025
2026
2025
Maui windstorm and wildfires related costs
Pretax expenses:
Legal expenses
$
2,216
$
1,584
$
2,668
$
6,585
Outside services expense
—
11
—
135
Other expense
154
67
262
300
Interest expense
—
210
—
489
Pretax expenses
2,370
1,872
2,930
7,509
Insurance recoveries
28
(1,202
)
(343
)
(4,860
)
Total Maui windstorm and wildfires related expenses, net of insurance recoveries
2,398
670
2,587
2,649
Pretax loss on sale of a subsidiary and asset impairment
3,716
178
3,716
13,389
Income tax expense (benefits)1
(1,574
)
5,092
(1,623
)
1,180
After-tax adjustments
$
4,540
$
5,940
$
4,680
$
17,218
Holding and Other Companies net loss
GAAP2 net loss (as reported)
$
(14,658
)
$
(13,065
)
$
(19,551
)
$
(34,210
)
Excluding special items related to the Maui windstorm and wildfires (after tax)1:
Legal expenses
1,646
1,177
1,981
4,890
Outside services expense
—
8
—
100
Other expense
115
50
195
223
Interest expense
—
156
—
363
Maui windstorm and wildfires related expenses (after tax)
1,761
1,391
2,176
5,576
Insurance recoveries
20
(893
)
(255
)
(3,609
)
Total Maui windstorm and wildfires related expenses, net of insurance recoveries (after tax)
Wendy's oznámila hospodářské výsledky za 2. čtvrtletí fiskálního roku 2026 a vedení na konferenčním hovoru představilo obchodní aktualizaci i kapitálové priority. Další detaily zazněly při následné části otázek a odpovědí.
The Wendy's Company (WEN) Q2 2026 Earnings Call August 7, 2026 8:30 AM EDT
Company Participants
Aaron Broholm - Head of Investor Relations
Robert Wright - President, CEO & Director
Steven Cirulis - Chief Financial Officer & Chief Strategy Officer
Conference Call Participants
David Palmer - Evercore ISI Institutional Equities, Research Division
Brian Mullan - Piper Sandler & Co., Research Division
Danilo Gargiulo - Bernstein Institutional Services LLC, Research Division
Margaret-May Binshtok - Wolfe Research, LLC
Dennis Geiger - UBS Investment Bank, Research Division
Brian Bittner - Oppenheimer & Co. Inc., Research Division
James Salera - Stephens Inc., Research Division
Lauren Silberman - Deutsche Bank AG, Research Division
Christopher Carril - KeyBanc Capital Markets Inc., Research Division
Sara Senatore - BofA Securities, Research Division
Hilary Lee - Morgan Stanley, Research Division
Peter Saleh - BTIG, LLC, Research Division
Jon Tower - Citigroup Inc., Research Division
Presentation
Operator
Good morning. Welcome to the Wendy's Company Earnings Results Conference Call. [Operator Instructions] Thank you. You may begin your conference.
Aaron Broholm
Head of Investor Relations
Good morning, and thank you for joining our fiscal 2026 second quarter earnings conference call. After this brief introduction, Bob Wright, President and Chief Executive Officer, will provide a business update and then Steve Cirulis, Chief Financial Officer and Chief Strategy Officer, will review our second quarter results as well as our capital allocation priorities. From there, we will open up the line for questions. Today's conference call and webcast includes a presentation, which is available on our Investor Relations website, ir.wendys.com.
Before we begin, please take note of the safe harbor statement that appears at the end of today's earnings release. This disclosure reminds investors that certain information we discuss today is forward-looking and reflects our current expectations about future plans and performance. Various factors could affect our results and cause those results to differ materially from the projections set forth
Shares of QuantumScape (QS +9.95%) fell 31% in July, according to data from S&P Global Market Intelligence. The battery technology outfit had a rough month after reporting its Q2 earnings, amid a decline in stock prices across high-risk areas of the stock market.
After a brief rise at the start of August, QuantumScape now trades at $6 per share and is down 95% from its highs. Here's why it was falling again in July.
Today's Change
(
9.95
%) $
0.55
Current Price
$
6.08
Breakthroughs in battery technology After going public in 2020, QuantumScape stock rose during the COVID-19 electric vehicle (EV) bubble, before slowly falling back to earth. The company has been working for years on a solid-state battery technology for EVs, which promises better performance and less fire safety risks compared to current liquid lithium-ion systems.
Still, in 2026, it had failed to make enough progress with its batteries to reach full production. The company has never generated a lick of revenue and is burning hundreds of millions of dollars in free cash flow each year.
Now, the company has begun to give up its hopes of manufacturing batteries at scale, instead licensing these systems to other manufacturers, such as automakers. This did not go over well with Wall Street and is a reason the stock fell in July.
In July, QuantumScape reported second-quarter earnings, but they are not very relevant to the business today, as it has no products to sell. Investors need to look closely at the company's product development to see whether it is meeting its timeline for implementing this technology in EVs at scale. Right now, management believes it will be ready by 2029.
Image source: Getty Images.
Should you buy the dip on QuantumScape stock? QuantumScape has $860 million in cash on its balance sheet. It is currently burning just under $300 million in cash per year, giving it around three years of product development before it needs to raise more money.
The stock now trades at a market cap of $3.7 billion, down significantly from previous highs but still at a premium for a company that has never generated revenue. It has proven much more difficult to develop these battery innovations than previously assumed, and Wall Street is beginning to get impatient with the stock.
QuantumScape believes it is on a better track by not manufacturing its own batteries and by partnering with companies across the automotive sector, like Honda, but it still needs a working battery if this business is going to have a whiff of viability. Don't buy the dip on QuantumScape stock.
Halper Sadeh zkoumá plánovaný výkup akcií Penske Automotive Group za 210,00 USD za akcii a to, zda je pro akcionáře férový. Penske Corporation a Mitsui už drží asi 72,6 % akcií.
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating the potential sale of Penske Automotive Group, Inc. (NYSE: PAG) to Penske Corporation and Mitsui & Co., Ltd.
On July 22, 2026, Penske Automotive reported that it had received an unsolicited, preliminary, and non-binding proposal from Penske Corporation and Mitsui & Co., Ltd.—which together with their affiliates own approximately 72.6% of the company’s stock—to acquire the remaining shares of Penske Automotive that they do not own for $210.00 per share in cash. The investigation concerns whether this consideration undervalues the company and whether the process leading to it is fair and adequate.
Penske Automotive shareholders are encouraged to click here to learn more about their rights and options or contact Daniel Sadeh or Zachary Halper free of charge at (212) 763-0060 or [email protected] or [email protected].
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Cipher Digital dodala počáteční kapacitu Black Pearl HPC o dva měsíce dříve, nájem začne v srpnu. Zároveň upsala zajištěné dluhopisy Stingray v objemu 810 mil. USD s kuponem 6 % a nabídka byla zhruba osmkrát přeupsána.
Key Takeaways Cipher Digital delivered initial Black Pearl HPC capacity two months early, with rent starting in August.CIFR's portfolio totals about 5.3 GW across 11 sites, including a 4.4-GW future-development pipeline.CIFR priced $810 million of Stingray secured notes at 6%, with the offering about eight times oversubscribed. Cipher Digital Inc. (CIFR - Free Report) used its second-quarter 2026 earnings call to emphasize execution on its shift toward contracted hyperscale data centers. Black Pearl provided the clearest proof point, with initial HPC capacity delivered two months early and rent beginning in August.
Cipher reported a loss of 65 cents per share, wider than the Zacks Consensus Estimate of a loss of 21 cents. Revenues of $24.8 million also missed the Zacks Consensus Estimate of $29.3 million. During the earnings call, management focused on Black Pearl execution, leasing demand and project financing.
Cipher Accelerates Black Pearl DeliveryCEO Tyler Page said Cipher accelerated initial Black Pearl capacity at the tenant's request, demonstrating that the company can compress construction schedules when the economics and tenant coordination support it.
Page clarified during the Jefferies Q&A that the early handoff applies to part of the project. The remaining Black Pearl delivery deadlines remain unchanged.
At Barber Lake, Page said the approximately 168-critical-IT-megawatt first phase remains on track, with rental payments expected to begin in October. Stingray remains targeted for delivery in the first half of 2027.
CIFR Expands Its Texas PipelinePage said Cipher's portfolio now totals about 5.3 GW across 11 sites, including a 4.4-GW future-development pipeline.
The company added an option on Apollo, a site near San Antonio with up to 900 MW, and submitted a planned 200-MW Stingray expansion as a studied load in ERCOT's Batch Zero process.
Page also said the three executed data-center campus leases are expected to generate about $793 million of average annualized net operating income from October 2026 through September 2036.
Cipher Sees Its Strongest Demand BackdropA Chardan analyst asked about tenant demand and partner selection. Page described the demand environment as the strongest Cipher has seen, with higher rents, longer lease terms and more triple-net structures.
A Macquarie analyst asked about Reveille and Ulysses. Page said multiple parties are interested in both sites, while Cipher is prioritizing counterparty quality, lease terms and risk-adjusted returns over signing the first available deal.
In response to H.C. Wainwright, Page said Odessa, Reveille and Ulysses represent 477 MW that have cleared the major milestones needed to support lease execution.
CIFR Extends Its Project Financing ModelCFO Greg Mumford said the $810 million Stingray secured-notes offering priced at a 6% coupon and was about eight times oversubscribed. The financing funds the project through substantial completion.
Mumford said Cipher ended June with $870 million of unrestricted liquidity, excluding undrawn revolver availability, and no cash borrowings on its revolver.
During the Jefferies Q&A, Mumford added that near-term sites can be handled without an equity raise. He also said a future lease spanning several hundred megawatts or more could create an equity requirement.
Cipher Flags ERCOT Timing and Cost PressureA Morgan Stanley analyst asked about Texas interconnection uncertainty following the governor's letter. Page said the expected near-term Batch Zero decision would be delayed and declined to provide a new timing forecast.
Page said Cipher had completed the required attestations and water surveys and expects its sites to remain well positioned. He added that delays increase the value of near-term megawatts outside the batch process and of self-generation options.
Rosenblatt and Needham analysts pressed on procurement and construction costs. Page said labor and equipment inflation are pushing future budgets higher, while current builds are running at contingency levels, and some contract structures cap Cipher's exposure.
CIFR Stays Focused on ExecutionPage said Cipher does not anticipate additional capital investment in bitcoin mining as it prioritizes HPC. The operating focus is on delivering current campuses and converting development sites into leases.
Mumford's financing commentary reinforced that strategy, with project-level debt intended to fund contracted builds while preserving parent-company liquidity for the development pipeline.
Cipher's Zacks Signals Remain MixedCIFR carries a Zacks Rank #3 (Hold). Under the Style Score framework, the strongest historical combinations pair Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks with A or B Style Scores, making the Hold rank a more neutral starting point.
You can see the complete list of today’s Zacks #1 Rank stocks here.
The Momentum Score of A indicates favorable momentum characteristics, while the Growth Score of C is middle-tier and the Value Score of F and VGM Score of D are weaker. The Zacks Rank can change as earnings estimates are revised after the just-reported results.
MasTec ve 2. čtvrtletí zvýšil tržby o 23 % na rekordních 4,37 mld. USD a upravený EPS o 49 % na 2,22 USD. Firma zároveň zvedla výhled na celý rok 2026.
Key Takeaways MTZ posted record Q2 revenues of $4.37B, while adjusted EBITDA rose 40% and adjusted EPS climbed 49%.MasTec raised 2026 guidance to $18.2B in revenues, $1.6B in adjusted EBITDA and $9.30 in adjusted EPS.MTZ's $21.4B backlog and strength in power, clean energy and pipelines offset Communications softness. MasTec, Inc. (MTZ - Free Report) delivered another strong quarter, reinforcing management's confidence to raise its full-year 2026 outlook. The key question now is whether second-quarter execution provides enough evidence to support those higher expectations.
The results were impressive. Second-quarter revenues climbed 23% year over year to a record $4.37 billion, while adjusted EBITDA increased 40% to $384 million and adjusted earnings per share rose 49% to $2.22. Just as importantly, 18-month backlog reached a record $21.4 billion, up 30% from a year ago, providing strong revenue visibility heading into the second half of 2026.
Management responded by raising full-year guidance. MasTec now expects 2026 revenues of $18.2 billion, adjusted EBITDA of $1.6 billion and adjusted EPS of $9.30, representing year-over-year growth of 27%, 39% and 42%, respectively. The upgraded outlook reflects continued strength in Power Delivery, Clean Energy & Infrastructure and Pipeline Infrastructure, which more than offsets near-term softness in the Communications business.
The acquisition of The Superior Group further strengthens the growth case by expanding MasTec's capabilities in mission-critical electrical infrastructure and data centers. Management also highlighted accelerating demand tied to AI, grid modernization, power generation and digital infrastructure, with much of the recently added backlog expected to contribute more meaningfully in 2027 and beyond.
While Communications faces temporary wireless and wireline project delays, MasTec's diversified business mix and record backlog suggest that the raised 2026 outlook is supported by broad-based operating momentum rather than a single growth driver.
How MasTec Compares With Infrastructure Construction LeadersAmong infrastructure contractors, Quanta Services (PWR - Free Report) and Sterling Infrastructure (STRL - Free Report) are two of the closest peers when evaluating whether MasTec's raised 2026 outlook is achievable.
Like MasTec, Quanta is benefiting from accelerating utility investment, grid modernization and data center-related power demand. However, MasTec's broader exposure to clean energy, pipeline infrastructure and communications provides additional diversification, while the Superior acquisition strengthens its position in mission-critical electrical infrastructure. Quanta remains a formidable competitor in transmission and distribution, but MasTec is expanding into similar high-growth opportunities.
Sterling is another beneficiary of AI-driven infrastructure spending, particularly through mission-critical site development for data centers and advanced manufacturing. While Sterling has delivered exceptional execution in its niche, its business remains more concentrated than MasTec's. MasTec's record backlog, diversified end markets and raised guidance suggest a broader earnings foundation. Both Quanta and Sterling are well positioned, but MasTec's multi-segment platform offers greater resilience across infrastructure investment cycles.
MTZ Stock’s Price Performance & Valuation TrendShares of this Florida-based infrastructure construction company have gained 19% year to date, outperforming the Zacks Building Products - Heavy Construction industry, the broader Zacks Construction sector and the S&P 500 Index.
MTZ Price Performance (YTD)
Image Source: Zacks Investment Research
MTZ stock is currently trading at a discount compared with its industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 20.59, as shown in the chart below.
Image Source: Zacks Investment Research
EPS Trend of MTZFor 2026 and 2027, MTZ’s earnings estimates have trended upward in the past 30 days, as shown below. The revised estimated figures for 2026 and 2027 imply 42.1% and 36.1% year-over-year growth, respectively.
Image Source: Zacks Investment Research
MasTec currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
JOBY ve 2. čtvrtletí zvýšil tržby na 38,6 mil. USD, nad odhady, a ztrátu na akcii na 25 centů. Firma zároveň zvedla celoroční výhled tržeb na 115–125 mil. USD.
Key Takeaways JOBY posted Q2 revenues of $38.6M, beating estimates, while its loss widened to 25 cents a share. Blade contributed $36.2M in Q2, helping Joby Aviation raise its 2026 revenue outlook to $115M-$125M. Joby Aviation targets first eIPP flights in Texas in September and its first passengers later in 2026. Joby Aviation, Inc. (JOBY - Free Report) reported a second-quarter 2026 loss of 25 cents per share, wider than the Zacks Consensus Estimate of a loss of 23 cents. In the year-ago quarter, JOBY reported a loss of 41 cents.
However, the results had a positive impact on the market, as the stock gained 5.5% since its earnings release on Aug. 5.
Quarterly revenues were $38.6 million, surpassing the Zacks Consensus Estimate of $29 million. Revenues increased from $15,000 in the prior-year period, with Blade contributing $36.2 million in the reported quarter amid seasonal demand and strong passenger activity.
In the June-end quarter, total operating expenses increased 78.4% year over year to $299.52 million. Research and development expenses rose 42.7% to $194.66 million, while selling, general and administrative expenses climbed 143.2% to $76.56 million as Joby invested in certification, manufacturing and commercial readiness and supported Blade’s growth.
Adjusted EBITDA in second-quarter 2026 was a loss of approximately $197 million compared with a loss of about $179 million in the first quarter. Management attributed the sequential change to the quarter's revenues and expense dynamics.
JOBY exited the second quarter with cash and cash equivalents of $629.86 million and total cash, cash equivalents and short-term investments of $2.26 billion. As of June 30, 2026, long-term debt totaled $701.87 million.
JOBY's GuidanceThe company raised its full-year 2026 revenue outlook to $115-$125 million from $105-$115 million, citing Blade's continued strength. For the second half of 2026, Joby expects to use between $385 million and $415 million of cash, cash equivalents and short-term investments.
On the operating front, Joby expects its first flights under the White House-backed eIPP program in Texas in September and aims to carry its first passengers in 2026. The company said five aircraft are flying and another 12 are in production, while it recorded its strongest quarterly progress yet in the fifth and final stage of FAA type certification.
Currently, JOBY has a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Q2 Performances of Other Transportation CompaniesWestinghouse Air Brake Technologies (WAB - Free Report) , operating as Wabtec Corporation, reported encouraging second-quarter 2026 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate and increased year over year.
Quarterly adjusted earnings of $2.76 per share beat the Zacks Consensus Estimate of $2.63 by 4.9% and increased 21.6% year over year, owing to higher sales and operating margin expansion.
Revenues climbed 17.5% to $3.18 billion and surpassed the consensus mark of $3.08 billion by 3.2%.
United Airlines Holdings, Inc. (UAL - Free Report) reported second-quarter 2026 adjusted earnings of $1.99 per share, down 48.6% year over year but above the Zacks Consensus Estimate of $1.92 by 3.7%.
Operating revenues rose 16% to $17.67 billion and were essentially in line with the $17.68 billion consensus mark. A 12.1% increase in total revenues per available seat mile or TRASM, and broad-based gains across premium, loyalty and cargo revenues, supported the top line despite sharply higher fuel costs.
Hims & Hers čeká na výsledky za 2. čtvrtletí, přičemž růst má podpořit silná poptávka po lécích na hubnutí a nové specializované služby. Tržby se odhadují na 690,2 mil. USD, tedy o 26,7 % více než před rokem.
Key Takeaways Hims & Hers' weight-loss demand is likely to have supported subscriber growth and second-quarter revenues.HIMS may benefit from branded weight-loss products, new specialties and the Eucalyptus acquisition.HIMS' margins may face pressure from lower-margin revenues and continued technology and expansion spending. Hims & Hers Health, Inc. (HIMS - Free Report) is scheduled to report second-quarter 2026 results on Aug. 10, after the closing bell.
In the last reported quarter, the company’s loss per share of 18 cents lagged the Zacks Consensus Estimate of earnings per share of 4 cents. Over the trailing four quarters, its earnings outperformed the Zacks Consensus Estimate on one occasion and missed thrice, delivering a negative earnings surprise of 84.7%, on average.
Let’s check out the factors that have shaped HIMS’ performance prior to this announcement.
Factors to Note Before Hims & Hers ReportsHims & Hers’ second-quarter 2026 results are likely to reflect accelerating demand across its U.S. platform, supported by newer specialties such as testosterone, menopause and Labs, alongside the broader range of branded GLP-1 treatments. During the first quarter, management noted that weight-loss adoption was near record levels, with more than 125,000 Wegovy shipments fulfilled within six weeks and the business tracking toward more than 100,000 new weight-loss subscribers per month. This is likely to have supported subscriber growth and revenues during the to-be-reported quarter.
The weight-loss business is likely to have remained a major growth driver following HIMS’ shift toward branded products. Almost all new weight-loss business was coming through branded offerings, while the launch of generic semaglutide in Canada in May may have further supported international weight-loss demand.
International operations may also have benefited from the June 2 completion of the Eucalyptus acquisition, which marked Hims & Hers’ entry into Australia. The company is likely to have recorded a partial-quarter contribution from its existing brands and customer base, thereby driving up the second quarter of 2026 revenues.
HIMS’ marketing efficiency may have provided some support to profitability in the to-be-reported quarter. Management cited stronger retention, organic cross-selling and lower-cost acquisition channels as drivers of improved marketing efficiency. The company expects these efficiency gains to continue, though with some quarter-to-quarter volatility.
However, second-quarter 2026 margins are likely to have faced pressure from the transition toward one-month weight-loss shipping cycles and the increasing mix of weight loss, Labs and international revenues, which carry lower gross-margin profiles. Continued spending on technology, facilities, operational capabilities and international expansion may also have weighed on profitability during the to-be-reported quarter.
HIMS’ Estimate PictureFor second-quarter 2026, the Zacks Consensus Estimate for revenues is pegged at $690.2 million, implying an improvement of 26.7% from the prior-year quarter’s reported figure.
The consensus estimate for loss per share is pegged at 7 cents.
What Our Model Suggests About Hims & HersPer our proven model, a stock with a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold), along with a positive Earnings ESP, has higher chances of beating estimates. This is not the case here, as you can see below.
Earnings ESP: Hims & Hers has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Zacks Rank: The company currently carries a Zacks Rank #3.
You can see the complete list of today’s Zacks #1 Rank stocks here.
HIMS’ Share Price PerformanceOver the past three months, Hims & Hers’ shares have gained 7.7%, underperforming Medical Info Systems’ 17.7% gain. HIMS’ shares also underperformed the Zacks Medical sector’s gain of 10.3%, but outperformed the S&P 500’s increase of 2.9%.
Three Months Price Comparison
Image Source: Zacks Investment Research
Hims & Hers’ peers like Hinge Health, Inc. (HNGE - Free Report) and Inspire Medical Systems, Inc. (INSP - Free Report) have outperformed the company. However, HIMS’ other peer, Tempus AI, Inc. (TEM - Free Report) , has underperformed the company. HNGE, INSP and TEM’s shares are up 42.9%, up 33.1% and down 7.5%, respectively, in the same time frame.
Hims & Hers’ Key Valuation MetricFrom a valuation standpoint, HIMS’ forward 12-month price-to-sales (P/S) is 2.1X, a discount to the industry's average of 5.1X and its one-year median of 2.5X.
Image Source: Zacks Investment Research
The company is trading at a discount to its peers, Hinge Health and Tempus AI. However, Hims & Hers is trading at a premium to its peer, Inspire Medical. Hinge Health and Tempus AI’s P/S currently stand at 6.6X and 4.5X, respectively, while the ratio for Inspire Medical stands at 1.9X.
This suggests that investors may be paying a lower price relative to the company's expected sales growth.
SoundHound ve 2. čtvrtletí zvýšil tržby o 45 % na rekordních 61,9 mil. USD díky silné poptávce po OASYS. Zároveň zvedl výhled tržeb na rok 2026 na 230–260 mil. USD.
Key Takeaways SoundHound's Q2 revenues jumped 45% to a record $61.9M as enterprise demand for OASYS strengthened.SOUN raised its 2026 revenue outlook to $230-$260M, lifting the lower end by $5M after first-half gains.OASYS cut development timelines, while GAAP gross margin rose 610 basis points to 45.1% in Q2. SoundHound AI, Inc. (SOUN - Free Report) delivered a record second quarter as enterprise demand for OASYS helped lift revenues and management raised the floor of its 2026 outlook. The result strengthens the case that the platform is becoming a more meaningful growth driver.
Investors now have a tougher test to watch. Faster deal conversion and improving margins need to persist while SoundHound absorbs acquisition risk and works toward better cash generation.
SoundHound's Record Q2 Shows OASYS MomentumSecond-quarter revenues rose 45% year over year to a record $61.9 million, topping the Zacks Consensus Estimate of $52.49 million by 17.9%. The adjusted loss narrowed to 2 cents per share from 3 cents a year earlier and beat the consensus estimate of 3 cents.
Management attributed the top-line growth to major enterprise AI deals linked to OASYS. The self-learning, orchestrated platform lets customers build and deploy conversational agents across phones, chat, kiosks, smart devices, drive-thrus, televisions and vehicles.
SOUN's Guidance Raise Extends the Growth StorySoundHound raised its 2026 revenue outlook to $230-$260 million from $225-$260 million, lifting the lower end by $5 million. The revision followed its first-half performance and continued demand for OASYS and the company's broader voice and agentic AI portfolio.
The Zacks Consensus Estimate for 2026 sales is $233 million, up 37.9% from 2025. That figure sits near the lower end of management's new range, while the unchanged $260 million ceiling leaves the raised floor as the principal guidance change.
OASYS Helps SoundHound Shorten Deal TimelinesManagement said work that previously took months can now be built in minutes using OASYS. One eight-figure commitment moved from demonstration to contract in less than 90 days. OASYS also helped SoundHound convert pilots and customer evaluations more quickly.
Cerence Inc. (CRNC - Free Report) , a listed Zacks industry peer, develops conversational AI for automotive use cases. Five9, Inc. (FIVN - Free Report) , another listed peer, offers agentic and voice AI for contact centers. Those businesses frame the competitive pressure SoundHound faces across automotive and enterprise customer-service deployments.
SOUN's Margin Improvement Adds Quality to the BeatGAAP gross margin expanded 610 basis points year over year to 45.1% from 39%, while GAAP gross profit rose 68% to $27.9 million. Adjusted EBITDA loss narrowed 33% to $9.6 million from $14.3 million.
Non-GAAP gross margin was unchanged at 58.4%, indicating stable underlying gross profitability after the company's adjustments. Losses remain material, however. GAAP net loss totaled $42.8 million and first-half operating cash outflow widened to $60 million from $43.7 million a year earlier.
SoundHound's Outlook Excludes LivePerson UpsideThe new 2026 outlook does not contemplate SoundHound's pending acquisition of LivePerson, Inc. (LPSN - Free Report) . SoundHound expects the transaction to close before the end of 2026 and plans to update guidance after completion.
That structure leaves any post-close contribution outside the current range, but the transaction also adds execution risk. SoundHound must integrate technologies, engineering teams and enterprise platforms while continuing to convert OASYS demand into scaled deployments.
SoundHound's Scores Temper the Post-Earnings SetupThe second-quarter report strengthens the operating case for OASYS, but the next phase depends on whether faster deployments can support durable margin improvement and better cash generation while acquisition risks remain in focus.
SOUN currently carries a Zacks Rank #3 (Hold), a VGM Score of F, Value Score of F, Growth Score of D and Momentum Score of F. The Zacks Rank reflects earnings-estimate revisions over a one- to three-month horizon, while the Style Scores assess value, growth and momentum characteristics. The weaker grades temper the setup despite the stronger quarter. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways SoundHound's 2026 revenues are projected at $233 million, up 37.9% from 2025.OASYS can cut enterprise deployment times, with one eight-figure deal signed in under 90 days.SOUN faces premium valuation, ongoing losses, cash burn, dilution and LivePerson integration risk. SoundHound AI, Inc. (SOUN - Free Report) offers a high-growth enterprise AI story, but the stock still asks investors to accept a premium sales multiple, ongoing losses and substantial execution risk.
The case for buying SOUN therefore depends on whether faster adoption of its conversational and agentic AI platform can translate into durable revenue growth and better cash generation.
SoundHound's 37.9% Sales Growth Supports the Bull CaseThe Zacks Consensus Estimate calls for 2026 revenues of $233 million, up 37.9% from 2025. That growth rate supports the bull case as SoundHound expands beyond its historical automotive exposure.
Second-quarter wins and renewals spanned health care, banking, insurance, telecommunications, automotive, restaurants and retail. The wider customer mix gives SOUN more avenues for growth as enterprise AI demand broadens.
OASYS Gives SOUN a Faster Path to Enterprise ScaleOASYS is central to SoundHound's effort to shorten enterprise deployments and unify conversational and agentic AI across channels. Management said tasks that previously took months can now be built in minutes, while one eight-figure commitment moved from demonstration to contract in less than 90 days.
Salesforce, Inc. (CRM - Free Report) is an industry peer for SOUN. Microsoft Corporation (MSFT - Free Report) is another, reinforcing that SoundHound is scaling OASYS in a competitive enterprise technology market.
SOUN's Valuation Leaves Little Room for Execution SlipsSOUN's forward 12-month price-to-sales ratio is 12, compared with 11.84 for the Zacks sub-industry, 6.51 for the Zacks Computer and Technology sector and 5.03 for the S&P 500. The premium means growth expectations remain elevated.
The ratio is below SoundHound's five-year median of 14.2. The stock is therefore cheaper than its own historical norm, but it is not inexpensive relative to broader benchmarks.
SoundHound's Losses and Dilution Argue for CautionSoundHound posted a second-quarter GAAP net loss of $42.8 million and used $60 million of operating cash in the first half of 2026. Those figures show that rapid revenue expansion has not yet produced sustainable profitability or positive operating cash flow.
The company raised about $48.5 million through Class A share sales in the first half, while outstanding Class A shares rose to 403.3 million from 390.1 million at year-end 2025. Cash totaled $202.8 million at June 30, 2026, and the company had no debt, but further cash burn could keep dilution risk in focus.
SOUN's LivePerson Upside Comes With Integration RiskThe planned LivePerson acquisition would broaden SoundHound's enterprise reach and add customers that include 25 Fortune 100 brands. Assuming the deal closes successfully, management expects at least $350 million to $400 million in 2027 revenues.
The transaction also raises integration risk. Combining technologies, engineering teams, corporate cultures and enterprise platforms could strain execution, while the expected benefits depend on successful cross-selling, cost synergies and continued customer adoption.
SoundHound's Scores Favor a Wait-and-Watch StanceSoundHound's growth outlook is substantial, but its valuation, losses, cash burn and acquisition demands make the risk-reward balance less clear. That supports a wait-and-see stance until execution and cash generation improve.
SOUN currently carries a Zacks Rank #3 (Hold), with a VGM Score of F, Value Score of F, Growth Score of D and Momentum Score of F. The Style Scores complement the Zacks Rank, and A or B grades are more favorable than D or F. The Growth Score also considers financial-statement quality, not sales growth alone. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
GE Vernova (GEV -1.00%), the former energy division of General Electric (GE -1.19%) that was spun off as a stand-alone company in 2024, has soared since its market debut. Its stock opened at $143 on the first day, and it's trading at around $994 as of this writing.
The rapid growth of the power-hungry cloud, artificial intelligence (AI), and data center markets generated strong tailwinds for GE Vernova's business, and its backlog swelled 37% year over year to $176.3 billion in the second quarter of 2026. Yet over the past month, its stock dipped by about 5% while the S&P 500 rose by 3%. Let's see why it lost momentum and whether that pullback represents a good buying opportunity for long-term investors.
Image source: Getty Images.
How fast is GE Vernova growing? GE Vernova operates three main segments: Power (55% of its 2025 orders), Electrification (33%), and Wind (13%). The Power segment develops gas turbines for combined-cycle plants, steam turbines for coal, gas, and nuclear plants, and provides services for nuclear power plants. The Electrifification segment sells transformers, breakers, substations, high-voltage direct current systems, along with automation, optimization, and protection services for electrical grids. The Wind segment primarily sells onshore and offshore wind turbines.
GE Vernova's total orders grew 34% organically in 2025, accelerating from its 7% growth in 2024. Its Power and Electrification orders surged 51% and 23%, respectively, as more utilities expanded their infrastructure to support the growing cloud and AI markets. That robust growth offset the slower growth of its Wind segment, which grappled with supply chain issues.
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In the first half of 2026, its total orders grew 89% year over year. Its Power and Electrification orders rose 99% and 131%, respectively, easily offsetting its 11% decline in Wind orders. For the full year, it expects its revenue to rise 19% to 22%, and its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin to expand from 8.4% to 12%-14%.
Why did GE Vernova's stock pull back? GE Vernova's business is firing on all cylinders, but a few issues weighed down its stock after its second-quarter report on July 22. First, its adjusted EBITDA and EPS missed Wall Street's expectations as it ramped up spending to increase its capacity and recognized additional losses from the Wind division's offshore and onshore segments. Second, GE Vernova was already priced for perfection. Therefore, any perceived imperfections would drive its stock lower.
With an enterprise value of $255 billion, GE Vernova still isn't cheap at 40 times this year's adjusted EBITDA. However, I believe the AI-driven growth potential of its Power and Electrification businesses justifies that higher valuation and makes it a great buy today.
Sharplink a Galaxy Digital spustily první institucionální onchain výnosový fond s nasazeným kapitálem 125 milionů USD. Z toho 100 milionů USD pochází ze stakovaného ETH v treasury Sharplink a 25 milionů USD od Galaxy.
Institutional Fund Begins Deploying Capital Across Decentralized
Finance and Onchain Yield Strategies
NEW YORK, Aug. 07, 2026 (GLOBE NEWSWIRE) -- Sharplink, Inc. (Nasdaq: SBET) and Galaxy Digital Inc. (Nasdaq: GLXY) today jointly announced the launch of the Galaxy Sharplink Onchain Yield Fund, LP (the “Fund”), a first-of-its-kind institutional investment vehicle designed to deploy capital into onchain yield strategies and identified investments. Managed by Galaxy, the Fund launches with $125 million in committed capital, including $100 million backed by Sharplink’s staked ETH treasury and $25 million from Galaxy.
The launch adds to a growing set of institutional digital asset investing strategies. It demonstrates a new model for corporate treasuries actively deploying capital to pursue additional risk-managed returns via onchain yield strategies.
Galaxy's investment process is built on years of institutional experience deploying capital across digital asset markets. The firm has deployed significant capital across market cycles since 2020 with proprietary research, rigorous protocol diligence and comprehensive risk controls.
“We’re entering a new phase of institutional adoption, with capital moving from passive ownership to active participation in blockchain-based markets,” said Mike Novogratz, Founder and CEO of Galaxy. “This Fund reflects that shift by pairing Sharplink’s substantial ETH treasury with Galaxy’s institutional investment platform to access opportunities across the onchain economy through a disciplined investment approach.”
“Today’s launch deepens our partnership with Sharplink, which we view as an institutional leader in the onchain economy,” said Steve Kurz, Global Co-Head of Digital Assets at Galaxy. “It also adds the first institutional-grade, scaled onchain strategy to Galaxy’s asset management platform.”
Joseph Chalom, Chief Executive Officer of Sharplink, said, “We believe this Fund marks a next step for Sharplink expanding its ETH treasury management strategy. While corporate strategies have historically focused solely on accumulation via capital market raises and staking of assets, we believe this represents part of a disciplined, institutional-grade allocation designed to make our ETH even more productive. This Fund underscores our conviction that ETH can serve as a productive treasury asset with potential upside for our shareholders.”
Matthew Sheffield, Chief Investment Officer of Sharplink, added, “Emerging crypto protocols and projects often face a cold-start problem, while there are billions of dollars waiting to be deployed by venture funds to buy tokens or company equity. But importantly, most of this venture capital is not used to kickstart activity within the actual protocols. That initial momentum is necessary for projects to reach escape velocity. We believe this Fund can fill that gap for innovative projects building in the ecosystem and may help generate risk-managed returns for investors.”
About Galaxy
Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.6 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East and Asia. Additional information about Galaxy's businesses and products is available on www.galaxy.com.
About Sharplink
Sharplink (Nasdaq: SBET) 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 sharplink.com.
CAUTION ABOUT FORWARD-LOOKING STATEMENTS
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 Sharplink's strategy and potential partnerships; the intended use of proceeds, including potential share repurchases; Sharplink's Ethereum treasury strategy and expected common stock per-share effects; 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 anticipated gross proceeds from the Offering, the intended use of proceeds therefrom, the satisfaction of customary closing conditions, and the expected timing and completion of the Offering, the potential use of Sharplink's ATM facility; Sharplink's ability to repurchase additional shares of its common stock under its stock repurchase program; Sharplink's ability to achieve and sustain profitable operations; volatility in the market price of ETH and its resulting impact on Sharplink'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 Sharplink's proprietary rights; and other risks and uncertainties described in Sharplink'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, Sharplink uses the historical costs less impairment model. This model may require Sharplink 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 Sharplink'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 Sharplink does not undertake any responsibility to update the forward-looking statements in this press release. There can be no assurance that any repurchases will be made under the program, and any repurchases may be suspended, modified or discontinued at any time and are subject to market conditions and applicable legal requirements.
CONTACTS AT GALAXY
Investor Relations Contact
Jonathan Goldowsky [email protected]
Flare zpřístupnil držitelům XRP RLUSD likviditu na hlavní síti Ethereum bez nutnosti prodeje XRP. Integrace FXRP jako kolaterálu v institucionálním RLUSD vaultu Sentora na Morpho otevřela první XRP reprezentaci schválenou jako kolaterál v institucionálně kurátorovaném lending vaultu na Ethereum mainnet.
XRP holders can now access Ripple USD (RLUSD) liquidity on Ethereum without selling their XRP.
The option became available after Flare integrated FXRP as collateral in Sentora’s institutional RLUSD vault on Morpho.
The launch creates an isolated FXRP/RLUSD lending market on Morpho Blue. Users can mint FXRP on Flare, bridge it to Ethereum, and borrow RLUSD against their holdings in a permissionless and non-custodial way.
FXRP Becomes First XRP Collateral Asset in Institutional Ethereum Vault According to Flare, FXRP is the first XRP representation approved as collateral in an institutionally curated lending vault on Ethereum mainnet.
The integration gives XRP holders access to Sentora’s RLUSD Main vault, which currently holds around $280 million in deposited RLUSD. It is now the largest institutionally curated RLUSD vault on Ethereum.
The new market allows users to keep exposure to XRP’s price while unlocking liquidity through RLUSD loans. Borrowers retain control of their collateral, with no custodial intermediary or whitelist required.
To use the service initially, users must mint FXRP through Flare’s FAssets protocol, bridge it to Ethereum, deposit it into the FXRP/RLUSD market, and borrow RLUSD within the market’s loan-to-value (LTV) limit.
Flare said a simpler process is in development through Flare Smart Accounts. Once launched, it will allow users to access the service directly from the XRP Ledger.
Expanding XRP’s Role in DeFi Flare said the integration addresses one of the biggest challenges facing XRP decentralized finance (DeFi): access to deep stablecoin liquidity.
The company noted that limited borrowing capacity has historically restricted FXRP-based strategies and reduced capital efficiency.
Flare highlighted the network’s growth after the launch of USDT0 as an example. Following the launch, total value locked (TVL) increased from about $37 million to more than $120 million within two weeks.
By connecting FXRP with institutional RLUSD liquidity, Flare expects borrowing demand on Ethereum to create additional demand for FXRP minted through the FAssets protocol.
Institutional Review Clears FXRP as Collateral Before approving FXRP as collateral, Sentora conducted a risk assessment that examined the asset’s behavior, oracle reliability, and available liquidity for liquidations and withdrawals.
Flare CEO Hugo Philion said the integration marks an important step for XRP’s utility beyond payments.
“XRP is one of the largest assets in crypto and one of the least used in DeFi. That gap came down to infrastructure. FXRP closed part of it by making XRP programmable. This closes another part. XRP is now collateral that an institutional risk team underwrites on Ethereum mainnet.”
Jesus Rodriguez, Co-Founder and CTO-CPO of Sentora, said enabling FXRP as collateral expands XRP’s role in decentralized credit markets. In his words:
“By enabling FXRP as collateral in our RLUSD vaults, we are bringing that scale into DeFi and expanding the productive utility of XRP across onchain credit markets.”
More XRP DeFi Integrations Ahead Meanwhile, Flare said the current launch is the first step toward broader XRP-backed lending options. Future updates include direct FXRP minting from the XRP Ledger to Ethereum, removing the need for a separate bridging process.
Flare Smart Accounts are also expected to allow XRP holders to borrow RLUSD directly from the XRP Ledger without using Ethereum interfaces.
The company added that Sentora’s approval could encourage other Morpho vault curators to adopt FXRP as collateral. This could increase the amount of stablecoin liquidity available to XRP holders across decentralized finance.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Waste Connections získala souhlas TSX k roční obnově programu zpětného odkupu akcií. V příštích 12 měsících může odkoupit až 12 578 462 akcií, tedy 5 % vydaných a nesplacených akcií.
TORONTO--(BUSINESS WIRE)--Waste Connections, Inc. (TSX/NYSE: WCN) (“Waste Connections” or the “Company”) today announced that it has received approval from the Toronto Stock Exchange (the “TSX”) for the annual renewal of its normal course issuer bid (the “NCIB”). The renewal will follow on the conclusion of the Company’s current NCIB expiring August 11, 2026 (the “2025 NCIB”).
Pursuant to the renewed NCIB, Waste Connections proposes to purchase through the facilities of the TSX, the New York Stock Exchange (the “NYSE”), NYSE Texas and/or alternative Canadian trading systems, from time to time over the next 12 months, if considered advisable, up to 12,578,462 common shares, being 5% of its 251,569,244 issued and outstanding common shares as of July 31, 2026.
In accordance with TSX rules, any daily repurchases would be limited to a maximum of 95,113 common shares, which represents 25% of the average daily trading volume on the TSX of 380,453 common shares for the period from February 1, 2026, to July 31, 2026, excluding any purchases made on the TSX under the 2025 NCIB. The TSX rules also allow the Company to purchase, once a week, a block of common shares not owned by any insiders, which may exceed such daily limit. The maximum number of shares which can be purchased per day on the NYSE and NYSE Texas will be 25% of the average daily trading volume for the four calendar weeks preceding the date of purchase, subject to certain exceptions for block purchases.
Waste Connections is authorized to make purchases during the period of August 12, 2026, to August 11, 2027, or until such earlier time as the NCIB is completed or terminated at the option of the Company. Any common shares Waste Connections purchases under the NCIB will be purchased on the open market through the facilities of the TSX, the NYSE, NYSE Texas and/or alternative Canadian trading systems at the prevailing market price at the time of such transaction.
Management’s decisions regarding any share repurchases will be based on market conditions, share price and other factors, including potential acquisition growth opportunities. The NCIB has been renewed because Waste Connections believes that the repurchase of common shares is consistent with its objective to return capital to shareholders over time. All common shares purchased through the NCIB will be cancelled.
Under the 2025 NCIB, the Company sought and obtained approval from the TSX to purchase up to 12,855,691 common shares for cancellation. As of August 6, 2026, the Company had purchased 6,103,527 common shares through the facilities of the NYSE under the 2025 NCIB.
About Waste Connections
Waste Connections (wasteconnections.com) is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation. The Company serves approximately nine million residential, commercial and industrial customers in mostly exclusive and secondary markets across 46 states in the U.S. and six provinces in Canada. Waste Connections also provides nonhazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S. and Canada, as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest. Waste Connections views its sustainability efforts as integral to its business, with initiatives consistent with its objective of long-term value creation and focused on reducing emissions, increasing resource recovery of both recyclable commodities and clean energy fuels, reducing reliance on off-site disposal for landfill leachate, further improving safety and enhancing employee engagement. Visit wasteconnections.com/sustainability for more information and updates on our progress towards targeted achievement.
Safe Harbor and Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 (“PSLRA”), including “forward-looking information” within the meaning of applicable Canadian securities laws. These forward-looking statements are neither historical facts nor assurances of future performance and reflect Waste Connections’ current beliefs and expectations regarding future events and operating performance. These forward-looking statements can be identified by use of forward-looking terminology, such as “believes,” “expects,” “intends,” “may,” “might,” “will,” “could,” “should,” or “anticipates,” or the negative thereof or comparable terminology, or by the discussions of strategy. All of the forward-looking statements included in this press release are made pursuant to the safe harbor provisions of the PSLRA and applicable securities laws in Canada. Forward-looking statements involve risks and uncertainties. Forward-looking statements in this press release include, but are not limited to, statements about the return of capital to shareholders, including repurchases of common shares of the Company and management’s decisions related thereto. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, risk factors detailed from time to time in the Company’s filings with the SEC and the securities commissions or similar regulatory authorities in Canada. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release. Waste Connections undertakes no obligation to update the forward-looking statements set forth in this press release, whether as a result of new information, future events, or otherwise, unless required by applicable securities laws.
AMD po zveřejnění výsledků za 2. čtvrtletí klesla zhruba o 6 %, protože investory znepokojil slabý vývoj v segmentech Client a Gaming a posun v náběhu AI. Tržby v Data Center ale vyskočily o 107 % meziročně.
Key Takeaways AMD shares fell after Q2 results as investors weighed weak Client and Gaming trends and delayed AI ramps.Data Center revenues jumped 107% as EPYC demand surged, with server growth expected above 80% in H2 2026.Helios and MI450 deployments, plus demand from major AI customers, are expected to ramp into 2027. Advanced Micro Devices (AMD - Free Report) shares dropped roughly 6% following the release of second-quarter 2026 results. Shares dropped close to 8% in Wednesday’s session following the results on Tuesday and were up 1.5% at the end of the session on Thursday. Despite strong revenues (up 50.1% year over year) and earnings (246% year over year), the overall results failed to excite investors as they focus on near-term risks that include weak Client and Gaming business and late fourth-quarter and 2027 revenue ramp from AMD’s biggest AI catalysts, Helios rack-scale systems and MI450 deployments. Stiff competition from the likes of NVIDIA (NVDA - Free Report) , Broadcom (AVGO - Free Report) and Intel (INTC - Free Report) , along with a lofty valuation, also spooked the investors.
Does the dip offer a buying opportunity? Let’s dig deep to find out.
Client and Gaming Outlook Remains a DragAMD expects a softer PC market in the second half of 2026 as higher memory and component costs pressure demand. The third-quarter 2026 guidance calls for a modest decline in Client & Gaming revenues on a sequential basis, with gaming expected to see another strong double-digit decline, offset only partially by client growth.
Gaming revenues already declined 31% year over year in the second quarter of 2026 because of lower semicustom console sales and weaker discrete GPU demand. For growth-oriented investors, the non-AI businesses remain a headwind despite AI strength.
AMD Suffers From Stiff CompetitionAMD continues to face stiff competition from NVIDIA, Broadcom and a resurgent Intel. AMD continues to face intense competition in AI accelerators and server processors from NVIDIA in AI GPUs and Intel in CPUs. Intel is aggressively working to regain server market share through its expanding Xeon roadmap, Intel Foundry and advanced packaging technologies. Broadcom is increasing competitive pressure on AMD by strengthening its position in custom AI accelerators and high-performance networking for hyperscale customers.
AMD shares have risen 128% year to date (YTD), outperforming the broader Zacks Computer and Technology sector’s appreciation of 16.9%, NVIDIA’s 17.4% and Broadcom’s 21.3%. However, AMD has underperformed Intel, shares of which have jumped 171% YTD.
AMD Stock’s Price Performance
Image Source: Zacks Investment Research
AMD Shares Trade at a PremiumAMD shares are trading at a premium, as suggested by a Value Score of F. The AMD stock is trading at a forward 12-month price/earnings (P/E) of 45.8X compared with the broader Zacks Computer & Technology sector’s 21.5X.
AMD shares are trading at a premium compared with peers, including NVIDIA and Broadcom. Shares of NVIDIA and Broadcom are trading at a P/E multiple of 20.13 and 24.2, respectively. However, AMD is cheaper than Intel, shares of which are trading at a 56.57 P/E multiple.
AMD Stock’s Valuation
Image Source: Zacks Investment Research
Expanding Data Center Footprint Boosts AMD’s ProspectsAMD’s expanding Data Center footprint (58% of second-quarter 2026 revenues) is driven by strong demand for EPYC server CPUs. In the second quarter of 2026, Data Center revenues jumped 107% year over year with Cloud and enterprise EPYC sales each growing more than 70%. Moreover, customer demand for next-generation Venice processors is stronger than any previous EPYC launch, which is encouraging. AMD expects server revenues to grow more than 80% in the second half of 2026 and over 70% in 2027.
AMD’s biggest long-term catalyst is the commercial availability of Helios, its rack-scale AI platform. Helios delivers superior inference economics, including up to 30% better tokens per dollar as compared with competing solutions. AMD stated that customer demand is tracking ahead of initial forecasts while production will ramp through the fourth quarter of 2026 and into 2027.
AMD’s expanding AI clientele improves long-term growth visibility for investors. Anthropic plans to deploy up to 2 GW of MI450 GPUs while Microsoft will deploy Helios at scale on Azure. Existing multi-generation deployments with OpenAI and Meta continue to expand.
AMD management remains bullish over long-term growth opportunities, as AI accelerator total addressable market (TAM) is expected to reach roughly $1.4 trillion by 2030, Server CPU TAM around $220 billion by 2030 and overall high-performance AI computing opportunity approaching $2 trillion. AMD expects revenue growth to exceed its previous long-term target of 35% and annual earnings to exceed its previous target of $20 per share.
AMD’s Earnings Estimate Revision Shows Rising TrendThe Zacks Consensus Estimate for third-quarter 2026 earnings is pegged at $1.89 per share, up 3 cents over the past 30 days and indicating 57.5% growth from the figure reported in the year-ago quarter.
The consensus mark for 2026 earnings is pegged at $7.36 per share, up 2% over the past 30 days, suggesting 76.5% growth from 2025’s reported figure.
Here’s Why AMD Stock is a Buy NowAMD’s post-earnings pullback offers investors an attractive entry point into a compelling long-term AI and data center growth story. Near-term weakness in the Client and Gaming businesses, intense competition and AMD’s premium valuation warrant some caution. Moreover, the meaningful revenue contribution from Helios and MI450 deployments is not expected until late 2026 and 2027. Nevertheless, AMD’s fundamentals remain encouraging. Explosive Data Center growth, robust demand for EPYC processors, rising earnings estimates and an expanding roster of major AI customers, including Microsoft, Anthropic, OpenAI and Meta, strengthen the company’s long-term growth prospects.
AMD currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Akcie Nvidia v pátek vzrostly asi o 2,2 % poté, co SpaceX uvedla, že svou AI platformu postaví výhradně na jejím hardwaru. Elon Musk zároveň řekl, že SpaceX příští rok zajistí významný podíl z dodávek GPU od společnosti Nvidia.
Nvidia NVDA , the AI chip giant powering much of the world's data-center boom, gained about 2.2% in Friday's regular session after investors cheered SpaceX's SPCX decision to build its AI platform exclusively around Nvidia hardware. Elon Musk said SpaceX expects to secure a significant share of Nvidia's GPU supply next year, immediately putting the spotlight on what could become one of Nvidia's largest AI infrastructure customers. While neither company disclosed the value or size of the deal, the message was clear: Nvidia remains the chipmaker everyone wants when building AI at scale.
The numbers show why this matters. SpaceX poured roughly $15.83 billion into AI infrastructure last quarter while generating $2.56 billion in AI revenue and expanding installed computing capacity to around 1.4 gigawatts, with even more capacity on the way. Not every dollar of that spending will land in Nvidia's pocket because AI campuses also require networking gear, power systems, cooling equipment and construction. Still, winning exclusive GPU supplier status gives Nvidia a front-row seat as one of the industry's most aggressive AI builders continues spending.
The GF Score chart only strengthens the bull case. Nvidia posts an outstanding GF Score of 95 out of 100, backed by elite profitability, explosive growth and rock-solid financial strength, all signs of a business still firing on nearly every cylinder. The only soft spot is GF Value, which suggests investors are already paying a hefty premium for that quality. That means execution matters more than ever. If SpaceX's AI expansion turns into a steady stream of GPU orders instead of a one-off deployment, Nvidia could reinforce its grip on the AI infrastructure race and give investors another reason to stay bullish despite the stock's premium valuation.
The past few years have been rough on Pfizer (PFE +2.14%). The company has generally posted subpar financial results due to weakness within its coronavirus franchise, which once helped it become the first biopharmaceutical company to achieve $100 billion in annual sales. The drugmaker is looking to turn things around by developing potential blockbuster products, and one of its most promising candidates is berobenatide, an investigational weight loss therapy. The anti-obesity market is growing rapidly and could be worth $190 billion by 2035, compared to just $79 billion last year, according to some estimates. Could Pfizer's berobenatide help the company capitalize on this large opportunity?
Image source: The Motley Fool.
Challenging the giants Pfizer will have to compete against the leaders in the weight-loss market, Eli Lilly, whose Zepbound is the best-selling drug in this niche, and Novo Nordisk, a pioneer in the market and the company behind Wegovy, perhaps the best-known brand in the field. How does berobenatide compare to Wegovy and Zepbound? It's hard to say without head-to-head clinical trials, but the data we do have so far suggest that Pfizer's candidate could be highly competitive.
In a phase 2b study, berobenatide achieved a weight loss of almost 16% (non-placebo-adjusted) in 32 weeks, with no plateau observed. Those are strong results, considering that Zepbound posted a weight loss of 20.2%, versus Wegovy's 13.7%, in a 72-week head-to-head study. If berobenatide can extend its results in phase 3 studies, we could be looking at the next billion-dollar weight loss drug.
The case for Pfizer Berobenatide has another advantage: It could be administered monthly. So, even with slightly lower efficacy than weekly anti-obesity medicines, it may attract a large patient population. Further, the medicine's safety and tolerability profile appears strong. Pfizer is planning to run various phase 3 studies for this candidate across weight management and obesity-related comorbidities, including such potential indications as obstructive sleep apnea and knee osteoarthritis. This is clearly a highly promising product, and it seems the market has yet to factor its potential into Pfizer's share price.
Today's Change
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The stock has basically moved sideways since November, when Pfizer acquired Metsera, the biotech company that originally developed berobenatide. It's also worth noting that Pfizer has plenty of other attractive candidates, especially in oncology. Also, even though its financial results haven't been strong, some of the company's products should perform well over the medium term. The list includes Padcev, a cancer medicine. Then there is Pfizer's strong dividend program. The company regularly increases its payouts and currently offers a juicy forward yield of 6.7%. All of those are great reasons to consider the stock.
Beware of these risks However, there are also significant risks to consider. There is, of course, the possibility that berobenatide will not perform as well as expected in phase 3 studies that test investigational drugs in broader, more representative patient populations using more rigorous endpoints. Even beyond that, we should expect many other pharmaceutical leaders to make headway in this field over the next couple of years.
For instance, Amgen (AMGN +1.50%) is also working on a weight loss candidate that could be administered monthly (or less frequently). As more weight loss drugs enter the market, it will become harder for newer medicines to earn approval (regulators will have higher standards), and it may put downward pressure on the prices of these drugs, making them less commercially viable. None of that means Pfizer's berobenatide won't be successful, but it's important to consider this before deciding to buy the company's shares.
Similar risks apply to Pfizer's efforts in oncology and other fields. That's all before we account for the company's upcoming patent cliffs, including that of Eliquis -- one of its best-selling drugs -- by the end of the decade. Can Pfizer overcome these potential challenges? My view is that it is well-positioned to do so, given the breadth of its pipeline across weight management, oncology, and other areas, which gives it multiple opportunities to hit the mark.
Within five years, we could be looking at a transformed lineup of approved drugs that will help replace the company's weakening coronavirus business and the patent cliffs it will soon experience. The stock appears attractive to investors willing to be patient and stay put despite the challenges Pfizer faces.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- The Board of Directors of Dover Corporation (NYSE: DOV) today increased its quarterly cash dividend to $0.525 (fifty-two and one-half cents) per share, from the previous $0.52 (fifty-two cents) per share, an increase of $0.005 (one-half cent). This is the 71st consecutive year in which the Company has increased its annual cash dividend, demonstrating Dover's longstanding commitment to returning capital to shareholders.
This increased dividend will be paid on September 15, 2026, to shareholders of record as of August 31, 2026.
About Dover:
Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.
