SummaryCompaniesMarkets revenue surges 35%Investment banking fees climb 30%Shares fall after bank raises 2026 expense forecastProfit hits $21.2 billionJuly 14 (Reuters) - JPMorgan Chase (JPM.N), opens new tab reported a record second-quarter profit on Tuesday, as a wave of big-ticket IPOs and dealmaking helped drive investment banking fees to their highest levels since 2021, while stock traders capitalized on volatile markets.
Revenue rose across all business units at the bank. Investment banking rode a sharp rebound in the U.S. IPO market, led by Elon Musk's SpaceX, which roared into the market with the largest listing in history. JPMorgan was among the lead underwriters on the deal.
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"This strength is being supported by several tailwinds, including AI-driven capital investment, fiscal stimulus and the benefits of more efficient regulation," JPMorgan CEO Jamie Dimon said in a statement.
Shares of JPMorgan fell 2% in volatile premarket trading after the bank raised its forecast for 2026 expenses to $107.5 billion from $105 billion.
The largest U.S. lender posted a profit of $21.2 billion, or $7.70 per share, in the three months ended June 30, compared with $14.99 billion, or $5.24 per share, a year earlier.
Profit was boosted by a $4.6 billion gain tied to its stake in Visa. Markets revenue, which houses trading operations, surged 35% over the prior year.
INTEREST INCOME FORECAST GETS A BUMPNet interest income, excluding markets, rose 4% from a year earlier to $23.7 billion in the quarter. The metric is a key measure of lending profitability. Average loans climbed 10%.
It raised its 2026 forecast for interest income to $96.5 billion, excluding markets, from $95 billion.
Although banks have continued to describe consumers as resilient, the health of lower-income borrowers remains a key focus as higher interest rates and still-elevated living costs pressure household finances.
Dimon said several risks are in focus, including geopolitical tensions and wars, sticky inflation, large global fiscal deficits and elevated asset prices.
The results of large lenders such as JPMorgan Chase and Bank of America (BAC.N), opens new tab are seen as a barometer of the U.S. economy, as they offer insight into consumer spending, borrowing and business activity.
DEALMAKING BOOMJPMorgan's investment banking fees jumped 30% in the second quarter from a year earlier, higher than the bank's earlier estimate.
The bank was part of several landmark transactions during the quarter, including as co-adviser on NextEra Energy's $67 billion merger with Dominion Energy and lead active bookrunner on Alphabet's $85 billion equity offering.
It also retained the top spot in global investment banking league tables, generating the highest investment banking revenue in the industry, according to Dealogic data.
The value of global mergers and acquisitions announced so far this year has surpassed $3 trillion, according to Dealogic data, adding momentum to one of banks' biggest fee-generating businesses: advising on deals
STOCK TRADING WINDFALLMarkets remained volatile during the quarter as the conflict in the Middle East and disruptions to shipping through the Strait of Hormuz rattled investors and drove swings across asset classes.
The jump in oil prices also rekindled concerns about inflation, prompting investors to reassess the outlook for Federal Reserve interest-rate cuts.
The recovery in investment banking has coincided with elevated market volatility, giving Wall Street banks a boost across both businesses.
Stronger dealmaking and equity issuance have supported fees, while active client trading has lifted markets revenue.
Reporting by Manya Saini in Bengaluru and Nupur Anand in New York; Editing by Anil D'Silva
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Manya covers the most influential U.S. financial institutions, from Wall Street’s largest banks and card networks to leading asset managers and fintech companies. She also reports on late-stage venture capital fundraises, initial public offerings on U.S. exchanges and regulatory developments shaping the cryptocurrency industry. Her work appears across the finance, markets, business and future of money sections of the Reuters website. She holds a bachelor’s degree in political science from the University of Delhi and a master’s in journalism from the Symbiosis Institute of Media and Communication.
Nupur Anand is a U.S. banking correspondent at Reuters in New York. She focuses on JPMorgan Chase, Wells Fargo and regional banks. Anand covered banking and finance in India for more than a decade, chronicling the collapse of major lenders and turmoil at digital banks and cryptocurrencies. She has a degree in English literature from Delhi University and a postgraduate diploma in journalism from the Indian Institute of Journalism & New Media in Bangalore. Anand is also an award-winning fiction writer.
NEW YORK--(BUSINESS WIRE)--JPMorgan Chase & Co. has released its second-quarter 2026 financial results. Results can be found at the Firm's Investor Relations website at jpmorganchase.com/ir/quarterly-earnings. JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase had $5.0 trillion in assets and $375 billion in stockholders' equity as of June 30, 2026. The Firm is a leader in investme.
HomeIndustriesBankingEarnings ResultsEarnings ResultsBanking giant reports record revenue in each business segment, but the stock once again suffers a postearnings declineJuly 14, 2026, 7:04 a.m. ET
JPMorgan's stock falls, even after a big profit beat, record revenue and a raised outlook for net interest income. Photo: DDP/AFP via Getty Images JPMorgan Chase reported blowout second-quarter profit, as an acceleration in investment banking fees and activity highlighted record performances in each of the banking giant’s business segments.
The strong results come as CEO Jamie Dimon pointed to “notable resiliency” in the U.S. economy, noting that capital investment in artificial intelligence and fiscal stimulus led to stronger business investment and hiring.
Vancouver, British Columbia--(Newsfile Corp. - July 14, 2026) - Doubleview Gold Corp. (TSXV: DBG) (OTCQX: DBLVF) (FSE: 1D4) ("Doubleview" or the "Company") is pleased to provide an update on its 2026 drill program at its 100%-owned Hat polymetallic porphyry project ("Hat" or the "Project") in northwestern British Columbia. Drill holes H109 through H112 at Pad 1, East of the Hat deposit, have reached their intended depth targets, with drill core intersecting Hat-style mineralization consistent with the broader mineralized system. Assay results are pending. The Company is now advancing drilling operations to Pad 2, Southwest of the Hat deposit.
Drill target locations for the 2026 program were developed through three independent technical methods. Four priority drill pad locations, Pad 1, Pad 2, Pad 3, and Pad 4, were consistently identified by all three methods, providing an exceptional level of convergence and geological confidence. The selected locations are designed to expand the mineral resource envelope and upgrade Inferred mineral resources toward the Indicated and Measured categories required to support a Pre-Feasibility Study.
CEO Comment
Farshad Shirvani, President and CEO of Doubleview Gold Corp., commented: "What gives me the greatest confidence in our 2026 drill program is that three entirely independent technical evaluations - our geological team's interpretation, a rigorous quantitative resource confidence assessment, and a systematic AI analysis of our geophysical data, all pointed to the same four locations. That level of independent convergence is exceptional and speaks to the coherent, well-defined nature of the Hat system. Pad 1 has delivered exactly what we expected, and we are now advancing to Pad 2. Our objective in this program is strategic: to expand the resource and to provide the data necessary to convert Inferred tonnes into Indicated and Measured categories in support of future engineering and economic studies."
Highlights
Drilling at Pad 1 (H109-H112) has reached intended depth targets with Hat-style mineralization intersected in drill core. Assay results are pending.Three independent target methods, geological interpretation, quantitative resource confidence assessment (conditional simulation), and AI-assisted geophysical analysis, all identify the same four priority pad locations.The convergence of all three independent methods on four common locations provides an exceptional level of geological confidence underpinning the 2026 drill program.Drill locations are designed to expand the mineralized footprint and upgrade Inferred mineral resources toward Indicated and Measured categories in support of future Pre-Feasibility Study requirements.Doubleview has released an interactive three-dimensional technical database of the Hat deposit, available at https://www.doubleview.ca/wp-content/uploads/2026/07/Hat_3D_Database-v2.html (desktop browser recommended).The Company is advancing drilling operations to Pad 2.2026 Target Selection Methodology
The Company pursued an accelerated, data-intensive approach to target selection for the 2026 drill program, with the objective of maximizing geological confidence in a single exploration season. Three complementary and independent target-generation methods were applied:
Geological Interpretation. Doubleview's geological team developed drill targets through an integrated review of the deposit's geological model, drill hole data, core logging, structural framework, alteration patterns, and the spatial distribution of mineralization. Target locations were selected to address areas with limited drill coverage and to test the lateral and depth continuity and expansion potential of the mineralized system.
Resource Confidence Assessment. Tomasz Wawruch, FAusIMM, of Mineit Consulting Inc., completed an independent quantitative resource confidence assessment using conditional simulation techniques. The study identified priority drill locations where additional drilling would most effectively reduce estimation uncertainty and support reclassification of mineral resources from Inferred toward Indicated and Measured categories, specifically those required for a defensible Pre-Feasibility Study.
AI-Assisted Geophysical Analysis. Doubleview commissioned DrillTargetAI to perform a systematic review of the Hat Project's induced polarization (IP) geophysical dataset. The analysis identified zones where high chargeability coincides with low resistivity, a signature consistent with the sulfide-bearing, copper-mineralized systems already confirmed at Hat. Candidate zones were restricted to areas located more than 180 metres from existing drill collars to prioritize untested ground, and were distributed across the target area to ensure targets test distinct portions of the anomaly. The analysis is grounded entirely in the Project's own geophysical data, rather than external or generic models.
The four priority pad locations, Pad 1, Pad 2, Pad 3, and Pad 4, represent locations where all three independent methods identify targets in close spatial agreement. This convergence provides a robust foundation of geological confidence for the 2026 program and serves as an independent validation of the coherent nature of the Hat mineralizing system.
Figure 1: Drill target priority areas and pad locations for the 2026 exploration program. The four selected pads (Pad 1-4) reflect the convergence of geological, statistical, and AI-assisted target assessment methods.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/305098_fe15cc50140a3977_001full.jpg
Figure 2: Compilation of proposed drill locations from all three independent target methods. Spatial convergence at four locations underpins the 2026 drill program selection.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/305098_fe15cc50140a3977_002full.jpg
Resource Context and Drilling Objectives
The Hat Project hosts a Mineral Resource Estimate with an effective date of February 25, 2026, comprising 609 Mt of Measured and Indicated Resources at 0.43% CuEq and 503 Mt of Inferred Resources at 0.41% CuEq (as previously disclosed February 25, 2026). Mineral resources are not mineral reserves and do not have demonstrated economic viability. The substantial Inferred resource component represents a meaningful opportunity to advance resource confidence through targeted, systematic drilling. The 2026 drill program is designed to provide the geological continuity and data density required to support conversion of Inferred resources to Indicated and Measured categories, and to test the expansion potential of the mineralized system beyond the current resource envelope in support of future engineering and economic studies.
Interactive 3D Hat Project Database
Doubleview has published a browser-based interactive three-dimensional technical database of the Hat deposit, incorporating drill hole data, geological interpretation, and resource modelling. The database is available to investors and technical stakeholders at
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/305098_fig3.jpg
The Company believes this tool provides an unprecedented level of transparency and technical insight into the scale and character of the Hat mineralized system.
Qualified Person
Tomasz Wawruch, FAusIMM, Senior Geology and Mineral Resource Consultant at Mineit Consulting Inc., is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Wawruch has reviewed and approved the technical content of this news release. He is independent of Doubleview.
About Doubleview Gold Corp.
Doubleview Gold Corp. is a mineral resource exploration and development company headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX-Venture Exchange (TSXV: DBG), (OTCQX: DBLVF), (WKN: LA1W038), and (FSE: 1D4). Doubleview focuses on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia. The Company enhances shareholder value through the acquisition and exploration of high-quality gold, copper, cobalt, scandium, and silver projects, collectively critical minerals, utilizing cutting-edge exploration techniques.
Doubleview's success is deeply rooted in the unwavering support of its long-term shareholders, supporters, and institutional investors. Their ongoing commitment has been instrumental in advancing the Company's strategic initiatives. Doubleview looks forward to further collaborative growth and development and continues to welcome active participation from its valued stakeholders as the Company expands its portfolio and strengthens its position in the critical minerals sector.
Doubleview maintains a website at www.doubleview.ca.
On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer
For further information please contact:
Doubleview Gold Corp.
Vancouver, BC Farshad Shirvani
President & CEO
T: (604) 678-9587
E: [email protected]
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-Looking Information
Certain of the statements made and information contained herein may constitute "forward-looking information" within the meaning of applicable Canadian securities laws. Forward-looking statements in this news release include, but are not limited to, statements regarding: the interpretation of drill core observations and visual mineralization intersected at Pad 1; anticipated assay results and their potential significance; the potential to convert Inferred mineral resources to Indicated or Measured categories through additional drilling; the potential expansion of the mineral resource beyond the current resource envelope; the outcomes and significance of the geological, statistical, and AI-assisted target assessment methods; the design, objectives, and anticipated outcomes of the 2026 drill program; the potential for future advancement to a Pre-Feasibility Study; and the anticipated progression of drilling to Pad 2 and subsequent pad locations.
Forward-looking statements are based on assumptions that management considers reasonable at the time they are made, including assumptions regarding geological continuity, future exploration results, metallurgical recoveries, metal prices, availability of financing, regulatory approvals, access to the property, and the Company's ability to complete future technical studies. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those projected. Such risks include, but are not limited to: risks associated with mineral exploration and development; uncertainty of geological interpretation; uncertainty of Mineral Resource estimation; volatility in metal prices; metallurgical and processing risks; permitting and environmental risks; title and access risks; financing risks; equipment availability; First Nations consultation and engagement; and other risks disclosed in the Company's public filings.
Except as required by applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305098
Source: Doubleview Gold Corp.
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A never-before-drilled, kilometre-scale target in one of British Columbia's most storied copper-gold camps.
VANCOUVER, BC / ACCESS Newswire / July 14, 2026 / Prospect Ridge Resources Corp. (the "Company" or "Prospect Ridge") (CSE:PRR)(OTCQB:PRRSF)(FRA:OED) is thrilled to announce that drilling has commenced at it's 100%-owned1; Excalibur copper-gold porphyry project in British Columbia's prolific Babine porphyry district (Figure 1). The initial discovery drill program at Excalibur is a significant first step in evaluating this undrilled, 2 km2, soil-covered geophysical and geochemical target that is interpreted as a potential altered and mineralized porphyry complex (Figure 2).
Why Excalibur is a target worth watching
Textbook porphyry signature: A recently completed induced polarization ("IP") survey revealed a large chargeability feature, interpreted as a classic pyrite-bearing halo flanking a series of magnetic highs, interpreted as magnetite-rich potassic alteration. These geophysical targets are supported by elevated copper in soil values and peripheral outcrops of pyrite-bearing hornfelsed sediments marking a potential copper-bearing porphyry system2 (Figures 2 and 3).
A large exploration fairway: The 28 km2, undrilled and only partly explored property, has delivered a 2 km2 coincident chargeability, magnetic, and multi-element soil anomaly that points to the potential for a buried porphyry-style system of a scale attractive to major mine developers.
A prime address in a proven district: Excalibur sits within the BC's Babine porphyry belt, 60-70 km from the past-producing Bell and Granisle mines and 40-50 km from exciting new discoveries such as Duke (Amarc Resources Ltd. and Boliden Mineral Canada Ltd.) and NAK (American Eagle Gold Corp.; TECK Resources Ltd. and South32 Limited)3,4 representing the newly highlighted potential of this belt.
Management comment
Prospect Ridge President & CEO Len Brownlie, Ph.D. commented: "Excalibur is an exciting new porphyry target in an established mining district. Our team's preparations since January have allowed us to assemble a high-quality operations team including Equity Exploration Consultants and Alpha Drilling along with solid local support to conduct this program during a very busy summer field season. For our shareholders, this program could provide a potentially transformational event in the form of a discovery of a new Babine-style copper-gold porphyry system."
Program and next steps
Drill program under way: The Company is targeting three to four drill collar locations for an initial ~1,500 metre program. Drill plans will be adjusted as new results drive exploration. An additional 1,500 meters of success-based drilling is also available to be deployed in 2026, dependant on results. Drilling commenced July 12, 2026, with updates and results to follow as the story unfolds.
A rock-solid technical foundation: Recent induced polarity and magnetic vector inversion modelling, multi-element soil geochemistry, and peripheral pyrite-mineralized outcrop support a compelling buried porphyry target.
Expansion of the supporting datasets to identify additional targets: In anticipation of positive drilling results, the Company is preparing to execute additional target development work in 2026 including expansion of the magnetic and IP data coverage and additional soil sampling across the 28 km2 mineral claims package.
Figure 1 - Excalibur Property location in relation to other projects in and near the Babine District.
About the Excalibur Property
On the Excalibur Property, suspected Bulkley and Babine-aged felsic intrusions cut Cretaceous stratified rocks, comprising Skeena Group clastic rocks to the west and Kasalka Group andesitic rocks to the east. A 50 to 500 metre wide by >1,600 metre long, east-west trending, Babine feldspar ± hornblende ± biotite porphyry dyke has been affected by a complex pattern of alteration, ranging from unaltered to propylitic and phyllic assemblages. Several outcrops of quartz-feldspar porphyry and granodiorite to the west of the current target are believed to be apophyses of the Bulkley stock documented south of the Excalibur Property. Copper, gold, and molybdenum mineralization is indicated by anomalous soil values over the overburden-covered targets.
Historical work includes mapping, soil sampling, and geophysical surveys (1971-72, 2019-2022); Prospect Ridge added to that foundation with additional soil sampling and a six-line IP survey in 2025. The target remains entirely undrilled providing a rare, wide-open canvas in a district with a proven mineral endowment.
The case for a buried porphyry system at Excalibur is compelling: anomalous copper, molybdenum, and gold in soils; strong IP chargeability; and a high magnetic response flanked by the chargeability high. Together, these geophysical and geochemical signatures may be interpreted as mineralized potassic alteration zone ringed by a pyrite halo - closely mirroring the geological setting of the nearby Granisle and Bell Copper porphyry deposits of the Babine Plutonic Suite.
Figure 2 - Plan view of planned drilling and supporting geophysical and geochemical data.
Figure 3 - Oblique section view of planned drilling and supporting geophysical data.
Funded and Positioned for 2026 Drilling
Prospect Ridge enters this program fully funded and permitted for this phase of planned work5; and driving toward key milestones, with further updates and assay results to follow as work advances. The Company is also aggressively advancing two other projects in its portfolio in 2026, with drilling planned for the Camelot Project in the third quarter, making this a potentially pivotal year for shareholders.
First Nations Land Acknowledgement
Prospect Ridge acknowledges that Excalibur is situated within the traditional territory of the Lake Babine First Nation. Prospect Ridge is committed to developing positive and mutually beneficial relationships with First Nations based on trust and respect and a foundation of open and honest communications.
Qualified Person Statement
All technical information that forms the basis for the written disclosure in this press release has been approved by Ron Voordouw, Ph.D., P.Geo., Director of Geoscience for Equity Exploration Consultants Ltd., who is an independent consultant to the Company, and a qualified person as defined under the terms of National Instrument 43-101.
About Prospect Ridge Resources Corp.
Prospect Ridge Resources Corp. is a British Columbia-based exploration and development company focused on critical metals and gold. Led by a seasoned management and technical team with over 100 years of combined mineral exploration experience, Prospect Ridge is advancing its north-central B.C.-located Golden Horseshoe and Cariboo projects - high-potential copper-gold systems positioned within some of Canada's most under-explored yet geologically endowed mineral belts.
Contact Information
Sources of Technical Information
(1) Subject to option payments totalling $159,000 and 920,000 shares and a 1.5% NSR royalty that may be reduced to 0.6% on payment of $400,000 prior to the definition of an indicated mineral resource.
(2) See Prospect Ridge press release dated June 16, 2026.
(3) See Amarc Resources Ltd. press release dated April 2, 2026.
(4) See American Eagle Gold Corp. press release dated May 8, 2026.
(5) See Prospect Ridge press release dated July 7, 2026.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release includes certain statements and information ("FLI") that may constitute forward-looking information within the meaning of applicable Canadian securities laws. FLI relates to future events or future performance and reflect the current expectations or beliefs of the Company's management. Anything that is not historical fact is FLI. Generally, FLI can be, without limitation, identified by the use of forward-looking wording such as "aims","advancing","poised","potential", potentially","plans", "intends", "believes", "expects", "anticipates" or "estimates", and statements or phrases that certain actions, events or results "may", "might", "could", "should" or "would" occur, and similar expressions. FLI is not historical fact, is made as of the date of this news release and includes, without limitation, statements and discussions of future plans, intentions, expectations, estimates and forecasts, and statements as to management's intentions and expectations with respect to, among other things, positive exploration results at the Excalibur project. FLI involves numerous risks and uncertainties, and are based on assumptions, and actual results might differ materially from results suggested in any FLI. These risks and uncertainties include, among other things, the availability of financing to continue exploration activities, the availability and cost of qualified exploration personnel and service providers, and that future exploration results at the Excalibur project will not be as anticipated. In making any FLI in this news release, the Company has applied several material assumptions, including without limitation, that future exploration results at the Excalibur project will be as anticipated and that financing and permitting are adequate. Although management has endeavored to evaluate and use reasonable assumptions and to identify important factors that could cause actual results to differ materially from those contained in FLI, these assumptions may prove incorrect and there may be other factors that cause results not to be as intended, expected, anticipated or estimated. There can be no assurance that FLI will prove to be accurate, and actual results and future events could differ materially from those expressed in FLI. Accordingly, readers should not place undue reliance on FLI, and are further cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any FLI expressed or incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
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Ford's first electric truck missed sales expectations. The automaker is pivoting to smaller, more affordable EV options. Bloomberg/Getty Images Ford hit reset on its money-losing EV program. Now, the first product of that overhaul is coming into view.
The Detroit automaker says the midsize electric pickup will reach customers in 2027, with a target starting price of about $30,000.
There's still plenty Ford hasn't yet revealed about the vehicle. We don't know the name, haven't received official range estimates, and have only seen the truck wrapped in funky-looking camouflage.
But the automaker has disclosed enough to make clear that the pickup will be one of the most important tests of its next-generation product strategy.
Here is what we know:
Challenging the EV cost issue
Ford's last generation EV models were generally more expensive than their gas-powered counterparts. Mario Tama/Getty Images Ford's coming truck hopes to disrupt the age-old EV cost issue.
For years, electric vehicles have been more expensive than their gas-powered counterparts. In 2025, a full-size Ford F-150 pickup truck with a fuel tank started at around $38,000, while its fully-electric counterpart (which has since been discontinued) had a starting price in the mid-$50,000 range.
The same EV markups on similarly-sized cars have marred product lineups at Hyundai, Kia, General Motors, Stellantis, and BMW.
Now, Ford is aiming for a starting price of about $30,000 — though that figure remains a target rather than a finalized sticker price. If Ford hits this goal, the electric pickup's price would be in the same ballpark as the similarly sized, gas-powered Maverick.
RAV4 room and Mustang speed
Ford hasn't revealed much of the design, but the company says its interior is rather roomy. Ford Ford says the pickup compares favorably to some of the most well-recognized names in the US auto industry.
The company tells Business Insider it will offer more passenger space than a Toyota RAV4, despite its relatively compact footprint. There's plenty of space for suitcases and bags, too: It will include both a conventional truck bed and extra storage in the front trunk, or frunk.
Ford has also said the truck will accelerate about as quickly as a Mustang EcoBoost. The automaker projects that the pickup's five-year ownership cost will be lower than that of a three-year-old used Tesla Model Y.
A platform designed for more than one truck
Ford said it's targeting a starting price of $30,000. Ford In 2022, the Blue Oval launched a skunkworks program to develop a new lineup of easier-to-build, cheaper-to-buy electric vehicles called the Universal EV Platform. That program is radically changing how the century-old automaker is building EVs.
Instead of using the traditional moving assembly line popularized in Ford's early days, the company is adopting an "assembly tree" production system. Ford plans to build its front, rear, and structural battery-and-interior sections separately before joining them together.
The cars will run on lithium-iron-phosphate prismatic batteries produced at BlueOval Battery Park in Marshall, Michigan.
Ford says the structural battery pack will also serve as the vehicle's floor, reducing weight and complexity. The company says its coming vehicle is 15% more aerodynamically efficient than any other pickup on the market.
The new builds will be simpler. Ford says the vehicles will use 20% fewer parts, 25% fewer fasteners, and 40% fewer workstations.
The Louisville Assembly Plant in Kentucky, where Ford will build the new trucks, is getting a fresh investment of nearly $2 billion. The company has put the wider investment in the truck, factory, and US battery production at about $5 billion.
Ford has shown silhouettes suggesting the platform could support vehicles including a hatchback, SUVs, and a cargo van. The company has not confirmed which of those models will reach production.
An EV market under pressure
Ford is facing new pressure from fast-paced EV companies in the US — and around the globe. Bloomberg/Getty Images Ford's new truck is taking shape during an uneven moment for America's EV market.
US electric-car sales improved from the first quarter to the second, but remained 20.5% below their year-earlier level, according to Cox Automotive.
Some companies found pockets of momentum: Rivian's sales rose 13.7% during the first half of the year, Hyundai's Ioniq 5 gained 8.6%, and Toyota's EV deliveries more than doubled from a relatively small base (though the company confirmed to Business Insider that it's delaying the launch of its Highlander EV by at least eight weeks). Tesla also beat Wall Street's expectations for global deliveries, although its estimated US sales remained down for the year.
Ford has been on the losing side of that divide. Its US EV sales fell 40.7% in the second quarter and 57.4% during the first half. GM's EV brands collectively fell by roughly a third in the quarter.
Every one of those US automakers is feeling pressure from Chinese EV makers. China-based car companies, including BYD and Xiaomi, have introduced lower-cost, faster-charging, technology-heavy EVs and expanded into global markets. BYD overtook Tesla as the world's largest seller of battery-electric vehicles last year.
Ford CEO Jim Farley has studied that competition from behind the wheel. He had a Xiaomi SU7 shipped to the US and drove it for six months, calling it "fantastic" and saying he did not want to give it up.
Ford's $30,000 truck is its attempt to turn that alarm into something American customers can buy.
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Ben Shimkus You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Ben Shimkus is a reporter for the Business News desk. He writes about cars, transportation, retail, and jobs. Ben's reporting has appeared in Rolling Stone, The Verge, Automotive News, USA Today, AutoBody News, LGBTQ Nation, TopSpeed, and Out Magazine. He's also held staff writing positions at The U.S. Sun and the Daily Mail. He graduated from NYU with a Master's in journalism in 2024. Email Ben at [email protected] or message him privately on Signal at bshimkus.41.
Item 1 of 3 PepsiCo's new product of Doritos and Cheetos NKD (no dyes) for sale in a Walmart store in Encinitas, California, U.S., January 20, 2026. REUTERS/Mike Blake/File Photo
[1/3]PepsiCo's new product of Doritos and Cheetos NKD (no dyes) for sale in a Walmart store in Encinitas, California, U.S., January 20, 2026. REUTERS/Mike Blake/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesPepsiCo's Q2 North America food sales fall 2%, volumes flatGLP-1 use reached 21% of US households in May 2026, data showsPepsiCo food volumes have fallen in four of the last six quartersJuly 14 (Reuters) - Americans built one of the world's great snacking cultures. Now PepsiCo (PEP.O), opens new tab is discovering just how fast that can shift.
With one in five American households using GLP-1 weight-loss drugs, surging living costs, and a broader shift toward healthier eating, it is getting harder for the company to reignite growth. The pressure showed up in its quarterly results last week.
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Sales in the Frito-Lay and Pepsi soda maker's North American food business slipped 2%, while volume was flat in the second quarter ended June 13, even after earlier price cuts of up to 15% on some of its biggest products including Lay's, Doritos, Cheetos and Tostitos.
That marked a reversal from the modest recovery investors thought they were seeing at the start of the year, when volume growth improved to around 2% in the first quarter, with the North America food business returning to growth.
Volumes at its food business have fallen four times in the last six quarters.
The contrast with Coca-Cola (KO.N), opens new tab is particularly sharp.
PepsiCo's North America beverage volume fell 4% in the latest quarter, while Coca-Cola reported a 4% growth in the region three months earlier, underscoring the challenges facing PepsiCo's snack-heavy portfolio as consumers become more selective about what they eat and drink.
Coca-Cola's stock has risen more than 20% so far this year, while PepsiCo is down around 4%.
PepsiCo's results are likely to bring more scrutiny from activist investor Elliott Investment Management, which disclosed a roughly $4 billion stake nearly 10 months ago and has pushed the company to reinvigorate its soda business, boost its share price and explore selling non-core food assets.
Investors "certainly want better volumes in the face of them lowering price," said Stephanie Link, chief investment officer at Hightower Advisors, which holds PepsiCo stock.
SNACKING BECOMES MORE INTENTIONALAmericans are increasingly gravitating toward food with perceived health benefits such as higher protein, lower sugar and added fiber.
This comes as GLP-1 adoption has increased to 21% of U.S. households in May 2026, from 9% in January 2025, with users buying fewer sweet treats and cutting back on salty snacks, according to a PwC analysis of Numerator data.
"Consumers have moved from snacking on autopilot to making much more deliberate decisions about what they eat and how often," said Suzy Davidkhanian, vice president and principal analyst at eMarketer.
For PepsiCo, whose food brands including Ruffles and PopCorners generate about 58% of its annual revenue, the shift threatens one of the key engines that has driven growth for decades.
Analysts said any turnaround hinges not just on affordability, but on how quickly PepsiCo capitalizes on the demand for functional products.
The company's executives said last week that improvement in its North America business was likely to be more gradual than expected.
"PepsiCo now finds itself competing harder for every dollar, and increasingly that competition is about relevance as much as price," said Katherine Machado O'Hara, founder of marketing consultancy The Oxigeno Project.
The company "must rethink its 'giant in the room' mentality and support their innovation teams to allow products to market much faster ... A year late isn't just a delay, it can mean missing the trend entirely."
Reporting by Anuja Bharat Mistry and Aishwarya Venugopal in Bengaluru; Editing by Sayantani Ghosh and Sriraj Kalluvila
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CSCO over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
This morning we are releasing selected preliminary second-quarter 2026 financial results. We are still working to close our financial reporting for the quarter and our final results could be slightly different.
For the second quarter:
Revenue:
Revenue of $17.2 billion, up 1 percent Software revenue up 5 percent Consulting revenue flat, up 1 percent at constant currency Infrastructure revenue down 7 percent Profit:
Gross Profit Margin: GAAP: 57.7 percent, down 100 basis points; Operating (Non-GAAP): 59.4 percent, down 70 basis points Pre-Tax Income Margin: GAAP: 14.4 percent, down 90 basis points; Operating (Non-GAAP): 19.2 percent, up 30 basis points Cash Flow:
Year to date, net cash from operating activities of $7.8 billion; free cash flow of $4.8 billion EPS:
Diluted Earnings Per Share: GAAP: $2.27, down 2 percent; Operating (Non-GAAP): $2.93, up 5 percent I want to spend some time explaining what we experienced in the quarter that led to the Software and Infrastructure performance shortfall you see above.
When we discussed our expectations with you in April, we noted that we would be wrapping on the launch of z17 in the second quarter. Given this was the strongest start to a mainframe program in our history, we expected Infrastructure revenue to decline low-single digits for the year, beginning this quarter. What played out was worse than our expectations, driven by a shortfall in our Z performance and the associated software stack, primarily in Transaction Processing. In the last few weeks of June, we saw clients shift their quarterly capex spend toward servers, storage, and memory purchases to secure supply-constrained infrastructure ahead of expected price increases. This dynamic impacted client buying patterns. While we anticipated some supply chain related impact in our expectations, we did not anticipate the magnitude of the capex reprioritization. In addition, clients were distracted with rapidly-evolving, industry-wide cybersecurity concerns in the quarter.
These conditions require our teams to execute perfectly, and this quarter we faltered. We did not adapt and move quickly enough, and numerous large deals failed to close on the timelines we expected, driving the majority of our shortfall.
These are not excuses, but they are realities. Our job is to help our clients through uncertainty, to find paths forward to grow their businesses no matter what is happening in the external environment.
While our second-quarter results are disappointing, our performance in many areas showed strength, reinforcing the conviction we have in our portfolio and strategy.
Within Software, Red Hat revenue growth accelerated sequentially to 11 percent Recent acquisitions including both HashiCorp and Confluent delivered strong performance With clients prioritizing infrastructure investments, Distributed Infrastructure had its best performance in reported history, up 37 percent with strong growth in Power and Storage, and a backlog of approximately $500 million exiting the quarter Despite challenges this quarter, z17 remains at nearly 130 percent program-to-program, well ahead of z16 which was our strongest program on record, with clients representing 85% of installed MIPs maintaining or growing capacity Continued growth in Consulting signings led by strong GenAI contribution Productivity initiatives contributed to continued operating (non-GAAP) PTI Margin expansion in the quarter Importantly, we continue to innovate at speed and scale. After the introduction of Mythos, our teams across IBM and Red Hat quickly mobilized to take advantage of an unprecedented opportunity, launching Lightwell. Lightwell is a $5 billion commitment backed by new frontier AI capabilities and a global force of more than 20,000 engineers creating a trusted enterprise clearinghouse to address open source software vulnerabilities. Early adopters include organizations like Bank of America, BNY, Citi, Goldman Sachs, JPMorganChase, Mastercard, Morgan Stanley, Royal Bank of Canada, State Street, Visa, Wells Fargo and more. General availability of Lightwell was announced on July 8.
Finally, quantum computing is no longer decades away, it is upon us, and we are investing aggressively. Recently, with the U.S. Department of Commerce, we announced a letter of intent to build Anderon, the world's first pure-play quantum wafer foundry supported by $1 billion in CHIPS incentives provided by the DoC and a $1 billion cash contribution by IBM. Shortly after that, we disclosed plans to invest more than $10 billion in quantum over the next five years, spanning R&D, capex, manufacturing scaling, M&A and ecosystem expansion. We remain on track to deliver the first large-scale fault-tolerant quantum computer by 2029.
While performance in the quarter was below our expectations, we have conviction in the strength of our portfolio and the strategic transformation of our business. To remedy challenges this quarter, we are undertaking new initiatives and accelerating others, all to improve our results going forward. We will hold our regularly scheduled conference call with you all on July 22, 2026, at 5PM ET to go into deeper detail and discuss our full-year expectations.
Arvind Krishna
Chairman, President and Chief Executive Officer, IBM
(NYSE: IBM)
Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained herein, statements contained in this letter may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the company's current assumptions regarding future business and financial performance. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including, but not limited to, the following: a downturn in economic environment and client spending budgets; a failure of the company's innovation initiatives; damage to the company's reputation; risks from investing in growth opportunities; failure of the company's intellectual property portfolio to prevent competitive offerings and the failure of the company to obtain necessary licenses; the company's ability to successfully manage acquisitions, alliances and divestitures, including integration challenges, failure to achieve objectives, the assumption or retention of liabilities and higher debt levels; fluctuations in financial results; impact of local legal, economic, political, health and other conditions; the company's failure to meet growth and productivity objectives; ineffective internal controls; the company's use of accounting estimates; impairment of the company's goodwill or amortizable intangible assets; the company's ability to attract and retain key employees and its reliance on critical skills; impacts of relationships with critical suppliers; product and service quality issues; the development and use of AI, including the company's increased AI solutions and use of AI technologies; impacts of business with government clients; reliance on third party distribution channels and ecosystems; cybersecurity and data protection considerations; adverse effects related to climate change and other environmental matters; tax matters; legal proceedings and investigatory risks; the company's pension plans; currency fluctuations and customer financing risks; impact of changes in market liquidity conditions and customer credit risk on receivables; risk factors related to IBM securities; and other risks, uncertainties and factors discussed in the company's Form 10-Qs, Form 10-K and in the company's other filings with the U.S. Securities and Exchange Commission or in materials incorporated therein by reference.
Any forward-looking statement in this letter speaks only as of the date on which it is made. Except as required by law, the company assumes no obligation to update or revise any forward-looking statements.
Presentation of Information in this Letter
In an effort to provide investors with additional information regarding the company's results as determined by generally accepted accounting principles (GAAP), the company has also disclosed in this letter the following non-GAAP information, which management believes provides useful information to investors:
adjusting for currency (i.e., at constant currency); presenting operating (non-GAAP) earnings per share amounts and related income statement items; free cash flow; net cash from operating activities excluding IBM Financing receivables. The rationale for management's use of these non-GAAP measures is included in Exhibit 99.2 in the Form 8-K that includes this letter and is being submitted today to the SEC.
Conference Call and Webcast
IBM's regular quarterly earnings conference call is scheduled for Wednesday, July 22, 2026 at 5:00 p.m. ET. The Webcast may be accessed via a link at https://www.ibm.com/investor/events/earnings-2q26. Presentation charts will be available shortly before the Webcast.
Selected Financial Information Below (certain amounts may not add due to use of rounded numbers; percentages presented are calculated from the underlying whole-dollar amounts).
Contact:
IBM
Sarah Meron, 347-891-1770
[email protected]
Tim Davidson, 914-844-7847
[email protected]
INTERNATIONAL BUSINESS MACHINES CORPORATION
U.S. GAAP TO OPERATING (Non-GAAP) RESULTS RECONCILIATION
(Unaudited; $ in millions except per share amounts)
Three Months Ended June 30, 2026
Continuing Operations
GAAP
Acquisition-
Related
Adjustments (1)
Retirement-
Related
Adjustments (2)
Operating
(Non-GAAP)
Gross profit
$ 9,907
$ 287
$ —
$ 10,194
Gross profit margin
57.7
%
1.7
pts
—
pts
59.4
%
Pre-tax income from continuing operations
2,479
716
96
3,290
Pre-tax income margin from continuing operations
14.4
%
4.2
pts
0.6
pts
19.2
%
Diluted earnings per share: continuing operations
$ 2.27
$ 0.58
$ 0.08
$ 2.93
Three Months Ended June 30, 2025
Continuing Operations
GAAP
Acquisition-
Related
Adjustments (1)
Retirement-
Related
Adjustments (2)
Operating
(Non-GAAP)
Gross profit
$ 9,977
$ 225
$ —
$ 10,202
Gross profit margin
58.8
%
1.3
pts
—
pts
60.1
%
Pre-tax income from continuing operations
2,597
575
25
3,197
Pre-tax income margin from continuing operations
15.3
%
3.4
pts
0.1
pts
18.8
%
Diluted earnings per share: continuing operations
$ 2.31
$ 0.47
$ 0.02
$ 2.80
(1)
Includes amortization of acquired intangible assets and acquisition-related charges such as in-process research and development, transaction costs, applicable retention, restructuring and related expenses, tax charges related to acquisition integration, and pre-closing charges, such as financing costs.
(2)
Includes amortization of prior service costs, interest cost, expected return on plan assets, amortized actuarial gains/losses, the impacts of any plan curtailments/settlements and pension insolvency costs and other costs.
INTERNATIONAL BUSINESS MACHINES CORPORATION
GAAP OPERATING CASH FLOW TO FREE CASH FLOW RECONCILIATION
(Unaudited)
($ in millions)
Six Months Ended
June 30, 2026
Net cash provided by operating activities per GAAP
$ 7,766
Less: change in IBM Financing receivables
2,264
Net cash from operating activities excl. IBM Financing receivables
The IBM logo is seen during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. REUTERS/Benoit... Purchase Licensing Rights, opens new tab Read more
July 14 (Reuters) - IBM's (IBM.N), opens new tab preliminary second-quarter revenue forecast came below Wall Street estimate on Tuesday, as customers prioritized spending on AI infrastructure, including servers, storage and memory purchases, sending its shares slumping 17% in premarket trading.
The results reflect an industry-wide shift in technology spending toward AI infrastructure, reducing budgets for traditional software.
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According to the preliminary results, the company expects revenue of $17.2 billion during the quarter, compared with analysts' estimate of $17.86 billion, according to data compiled by LSEG.
Adjusted earnings per share is expected to be $2.93, compared with the estimate of $3.02.
IBM CEO Arvind Krishna said in a letter to investors that in this quarter the company "faltered" in adapting quickly enough to the evolving market conditions, leading to "numerous large deals" not closing as expected.
Reporting by Harshita Mary Varghese in Bengaluru; Editing by Shilpi Majumdar
Our Standards: The Thomson Reuters Trust Principles., opens new tab
International Business Machines shares slipped double digits on Tuesday after the hardware, software and consulting provider released preliminary second-quarter results that fell short of expectations.
The tech company reported adjusted earnings of $2.93 a share on revenue of $17.2 billion, below analysts' expectations for earnings of $3.01 a share and revenue of $17.86 billion, according to FactSet. Shares tumbled more than 17% in premarket trading.
CEO Arvind Krishna blamed the shortfall on weakness in the software and infrastructure business because clients shifted money toward hardware purchases like memory chips.
"In the last few weeks of June, we saw clients shift their quarterly capex spend toward servers, storage, and memory purchases to secure supply-constrained infrastructure ahead of expected price increases," Krishna wrote in a letter to IBM investors. "While we anticipated some supply chain related impact in our expectations, we did not anticipate the magnitude of the capex reprioritization."
"These conditions require our teams to execute perfectly, and this quarter we faltered. We did not adapt and move quickly enough, and numerous large deals failed to close on the timelines we expected, driving the majority of our shortfall," Krishna added.
This is breaking news. Please refresh for updates.
International Business Machines warned of weakness in the latest quarter as a number of large deals failed to close on the timelines anticipated and supply chains shifted.
After a brutal stretch that battered its stock and its reputation, UnitedHealth Group (UNH +1.13%) is leaning hard into artificial intelligence to steady the ship. The company is investing about $1.5 billion in AI across its operations this year, and management told investors on its first-quarter 2026 earnings call that it expects a conservative 2-to-1 return on that spending over the next few years, with many tools paying for themselves within 12 to 18 months. For anyone weighing the bull case, the question is whether those numbers are real or aspirational.
Where the money is going The spending is split deliberately. Roughly one-third is flowing into software products and platforms to push its Optum Insight unit toward an "AI-first" model, while the other two-thirds is spread across everyday processes like claims and prior authorization. The company says it has identified more than 1,000 potential AI use cases.
Image source: Getty Images.
What makes the story more than a slide deck is that some results are already showing up. At Optum Rx, an AI prior-authorization tool has cut prescription approval times from more than eight hours to under 30 seconds, while denials tied to missing information fell 68% and appeals dropped 88%. Call-center volume is down 25% as members shift to AI-enabled self-service, and its OptumReal claims platform has handled roughly 500 million claims so far this year, on track for 2.5 billion transactions by year-end.
Put together, the bull case is straightforward: Optum expects AI-driven efficiency to deliver close to $1 billion in cost reductions this year, which flows almost directly to profit. For a company trying to rebuild margins and investor trust, that's a meaningful tailwind, and the pivot toward selling AI software to other healthcare players could open a higher-quality revenue stream over time. If even the "conservative" 2-to-1 return materializes across a $1.5 billion base, the payoff compounds year after year.
The risks worth naming I'd temper the enthusiasm, though. That 2-to-1 figure is a projection, not a result, and grand ROI targets have a way of slipping. More importantly, using AI to speed up claims and prior-authorization decisions is exactly the kind of activity now drawing lawsuits and regulatory scrutiny across the insurance industry, where critics worry algorithms are being used to deny care. UnitedHealth is deploying these tools while still working through the broader troubles that hit it hard, so execution is far from guaranteed.
Today's Change
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Current Price
$
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UnitedHealth's AI push gives the bull case something concrete to point to: a defined investment, early operational wins, and a credible path to real savings. That strengthens the turnaround argument. But treat the 2-to-1 return as a goal to verify quarter by quarter, not a promise, and keep an eye on the legal and political risks that come with automating decisions about people's healthcare.
BFA Law is investigating Barry Diller's $48.30 per share offer to acquire MGM Resorts International; current shareholders are notified to contact the firm.
, /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that it is investigating Barry Diller's bid to buy MGM Resorts International (NYSE:MGM). MGM is incorporated in Delaware.
Barry Diller is a member of MGM's board of directors. People, Inc. ("People," f/k/a/ IAC, Inc.), a company that Diller founded and controls, is MGM's largest single stockholder. On June 1, 2026, People made an unsolicited bid to buy the remaining MGM stock for $48.30 per share.
If you are a current shareholder of MGM, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/mgm-resorts-investigation.
Key Details of the MGM ($MGM) Investigation:
Investigation Overview: Breaches of Fiduciary Duty in connection with Barry Diller's offer to acquire the remaining stock of MGM for $48.30 per share Action: Contact BFA Law to discuss your rights Why is the MGM Transaction being Investigated?
As a director, Diller owes fiduciary duties to MGM and its stockholders. People also recently entered a governance agreement with MGM that gave People the right to designate two MGM directors going forward. Because Diller "stands on both sides" of the proposed deal, and because other MGM fiduciaries could potentially receive benefits that other stockholders do not receive, these facts create a create conflicts of interest under Delaware law. If MGM and Diller reach an agreement, they must comply with Delaware's strict requirements for "cleansing" these conflicts and ensuring the deal is fair to MGM's stockholders.
In a news release on June 1, MGM stated that the board of directors "will carefully review and consider the proposal to determine the course of action that it believes is in the best interests of the Company and all of its shareholders."
BFA is investigating whether the potential agreement complies with Delaware law.
If you are a current holder of MGM stock, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff's securities litigation law firm, with clients noting: "[t]here is no better service provider in the practice area," "[t]he interest of the client is always front and center," and "[t]here isn't a better firm in this space." One testimonial described the firm as "nimble and entrepreneurial," with a "relentless focus on adding value for clients."
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
Bank of America (BofA) oznámila za druhé čtvrtletí letošního roku výrazně lepší výsledky, když její čistý zisk meziročně vzrostl o 27 procent na 9,1 miliardy dolarů. Zisk na akcii činil 1,21 USD, což bylo čtyři centy nad konsenzem, zatímco tržby vzrostly o 15 procent na 31,6 miliardy dolarů při očekávání 30,5 miliardy dolarů.
K růstu přispěly především rekordní výnosy z obchodování s akciemi a silnější aktivita v investičním bankovnictví, které těžilo z obnoveného zájmu firem o fúze, akvizice a vstupy na burzu.
Výnosy z obchodování s akciemi meziročně vzrostly o 70 procent na 3,6 mld. USD. Trh přitom čekal „jen“ 2,7 mld. USD. Dařilo se také obchodování s dluhopisy, měnami a komoditami, kde tržby stouply téměř o devět procent na 3,5 mld. USD. První pololetí tak bylo pro obchodní divizi BofA nejúspěšnější v její historii, informuje Bloomberg.
Investiční bankovnictví vygenerovalo na tržbách 2,2 mld. USD, zatímco analytici v průměru očekávali necelé dvě miliardy. Nejrychleji pak rostly příjmy z poradenství při fúzích a akvizicích, které se meziročně zvýšily o téměř dvě třetiny na 558 milionů dolarů.
„V krátkodobém horizontu zůstává objem rozjednaných obchodů silný a pozorujeme také oživení komerčního úvěrování,“ uvedl Brian Moynihan, generální ředitel BofA.
Bank of America tak potvrzuje trend, který je letos patrný napříč Wall Street. Zvýšená volatilita na finančních trzích vytvořila příznivé podmínky pro obchodníky velkých bank. Silnými výsledky dnes překvapila také JPMorgan, jejíž obchodování s akciemi vygenerovalo 6,03 mld. UISD, což výrazně překonalo očekávání analytiků na úrovni 3,98 mld. USD.
Výsledky BofA jsou mj. považovány za důležitý indikátor stavu americké ekonomiky. Investoři sledují zejména schopnost domácností a firem vyrovnat se s vyššími cenami energií a s nejistotou související s geopolitickým napětím i proměnlivou situací na finančních trzích.
Podle Moynihana zůstává ekonomické prostředí příznivé. „Na pozadí zdravé ekonomiky se odolní spotřebitelé a firmy obracejí na Bank of America, aby své peníze utratili, investovali nebo si je půjčili,“ dodal.
Dalším pozitivním faktorem byl růst čistého úrokového výnosu, tedy rozdílu mezi příjmy z úvěrů a náklady na depozita. Ten se meziročně zvýšil o 8,5 procenta na téměř 16 mld. USD, což rovněž překonalo očekávání analytiků.
Akcie banky po zveřejnění výsledků v premarketu nejprve mírně posilovaly, později ztrácely necelé procento. Za posledních dvanáct měsíců si pak titul připsal přibližně 27 procent.
Oil and natural gas are vital to the world's normal functioning. The geopolitical conflict in the Middle East has disrupted supply, but it is also affecting demand. The end result is OPEC again cutting its demand growth outlook for 2026 in July, trimming it by roughly 200,000 bpd from June to roughly 800,000 bpd. This isn't as bad as it looks for oil companies, but it does address the reality of the current market environment.
What's going on with oil supply and demand?The energy sector works on supply and demand. When supply is disrupted, and demand remains relatively strong, the prices of oil and natural gas rise. That is good news for energy companies like ExxonMobil (XOM +3.95%), which sell oil and natural gas. In fact, the company recently provided an update on its business to help investors better prepare for its second-quarter earnings release. By some estimates, higher oil prices in the second quarter could boost the company's bottom line by as much as $5 billion.
Image source: Getty Images.
That's good news for Exxon, but there's another issue to consider. When prices go up, buyers tend to look for ways to offset the hit. That means finding alternatives or simply making do with less. That's likely what's driving the reductions in OPEC's demand projection. This isn't the first reduction it has made following the start of the conflict.
But OPEC also increased its demand forecast for 2027. That would seem an odd juxtaposition, since it would mean a reversal of the current conservation mentality. That makes complete sense. Assuming an end to the conflict, OPEC believes that demand will pick up again. Given the industry's importance to the global economy and its history, that seems reasonable. It also tracks with human nature.
Today's Change
(
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%) $
5.49
Current Price
$
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Oil stocks may not benefit as much as you'd thinkExxon and Chevron (CVX +3.23%), two of the world's largest energy companies, have been very clear that they do not believe oil prices reflect the on-the-ground fundamentals of the industry. In the short term, both believe that low inventories will lead to higher oil and natural gas prices. But when oil starts to flow freely again, inventories will eventually be replenished, and oil prices will fall.
Today's Change
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So demand rising in 2027, if it comes with lower oil prices, won't necessarily be a boon to energy company earnings. That's not to suggest that investors should avoid energy stocks. These companies provide a vital resource to the world and have a place in every investor's portfolio. However, focusing on financially strong and diversified industry giants like Exxon and Chevron is probably the best way for most investors to fill the energy bucket.
Chevron has the more attractive yield todayBoth Exxon and Chevron have proven over time that they can survive the industry's entire cycle, including the often dramatic commodity price swings. The proof of that comes in the decades of annual dividend increases each company has rewarded investors with. That simply wouldn't be possible if Exxon and Chevron weren't prepared to muddle through periods of low oil prices. While both are well run, Chevron's 4% yield gives it an edge over Exxon's roughly 3% yield. Either way, you can focus on the dividend checks you are collecting instead of oil when energy prices inevitably become volatile again.
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Vancouver, British Columbia--(Newsfile Corp. - July 14, 2026) - Riley Gold Corp. (TSXV: RLYG) (OTCQB: RLYGF) ("Riley Gold" or the "Company") is pleased to announce that the 2026 exploration program is underway at the Company's Pipeline West/Clipper Gold Project ("PWC"), located in the Cortez mining district of the Battle Mountain - Eureka Trend. PWC is operated by Kinross Gold U.S.A.
Wells Fargo's profit jumped 17% in the second quarter as volatile markets kept its trading desks busy, while strong loan growth boosted interest income.
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) has released its second quarter 2026 financial results. The financial results are available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and on a Form 8-K filed by the company with the Securities and Exchange Commission (SEC) on July 14, 2026, and available on the SEC's website at https://www.sec.gov/.Conference callThe company will host a live conference call on Tuesday, July 14, at 10:00.
Choosing between the iShares U.S. Regional Banks ETF (IAT +0.08%) and the iShares U.S. Financials ETF (IYF +0.26%) comes down to a simple trade-off -- concentrated exposure to regional banking versus broad diversification across the entire financial sector.
IAT focuses strictly on regional banking institutions, while IYF casts a wider net that includes mega-cap banks, insurers, and investment firms. Both funds are managed by iShares and have identical management fees, so the decision really hinges on how much sector-specific risk an investor is willing to take on.
Snapshot (cost & size)MetricIATIYFExpense ratio0.38%0.38%1-year return (as of July 13, 2026)24.89%11.61%Dividend yield2.60%1.50%Beta1.230.82AUM$656.0 million$3.9 billionBeta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-year return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield.
Both funds charge an identical 0.38% expense ratio, so cost isn't a differentiator here. When it comes to income, however, there’s a clear winner: IAT pays a 2.6% dividend yield, well above the 1.4% offered by IYF.
Performance & risk comparisonMetricIATIYFMax drawdown (5 yr)(55.53%)(25.05%)Growth of $1,000 over 5 years (total return)$1,298$1,766IAT's concentration in regional banks has historically made it far more volatile than IYF, including a maximum drawdown of more than 55% during past banking-sector stress. IYF's broader mix of banks, insurers, and asset managers has helped cushion it from the kind of sharp swings that hit regional lenders hardest, resulting in comparatively lower volatility and shallower drawdowns over time.
What's insideLaunched in 2000, IYF tracks a broad basket of financial services companies, spread across 142 holdings. Its top positions include Berkshire Hathaway (BRKB +0.59%) at 11.7%, JPMorgan Chase (JPM 0.58%) at 11.0%, and Bank of America (BAC 0.32%) at 4.6%.
IAT, by contrast, is a pure-play bet on regional banking with just 31 holdings. Its top positions -- PNC Financial Services Group (PNC +0.37%) at 15.0%, U.S. Bancorp (USB 0.11%) at 14.2%, and Truist Financial Corp (TFC +0.50%) at 9.4% -- make up a much larger share of the fund than IYF's top holdings do. IAT was launched in 2006.
For more guidance on ETF investing, check out the full guide at this link.
What this means for investorsThis comparison is really a question of how much conviction an investor has in regional banks. Regional lenders tend to be more sensitive to local economic conditions, interest-rate swings, and credit-quality concerns than the diversified giants that dominate IYF -- think Berkshire Hathaway and JPMorgan Chase, companies with multiple business lines that can offset weakness in any one area. That's a big part of why IAT has historically seen much deeper drawdowns than IYF.
That doesn’t make IAT a bad choice -- higher risk often comes with higher potential reward, and you get a higher dividend yield with IAT as well. But investors who want financial-sector exposure without betting heavily on the health of regional lenders may prefer IYF's broader mix of banks, insurers, and asset managers.
This comparison is also a useful reminder that not all financial sector ETFs are created equal. A fund's concentration -- not just its sector classification -- often tells you more about what kind of ride you're signing up for. Investors who are seeking income and comfortable with volatility may lean toward IAT, while those prioritizing stability might find IYF the more comfortable fit.
Bank of America is an advertising partner of Motley Fool Money. JPMorgan Chase is an advertising partner of Motley Fool Money. Andy Gould has positions in Berkshire Hathaway, Truist Financial, and U.S. Bancorp. The Motley Fool has positions in and recommends Berkshire Hathaway, JPMorgan Chase, Truist Financial, and U.S. Bancorp. The Motley Fool has a disclosure policy.
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Kirkland Signature Lager for sale at Costco. Dominick Reuter/Business Insider All good things — including Kirkland Signature craft beverages — must come to an end.
Costco's cobranded beers with Oregon's Deschutes Brewery are winding down after a two-year run in which they amassed a quiet but loyal following, the brewery confirmed to Business Insider.
A spokesperson said the production contract for Kirkland Signature Lager and Kirkland Signature Vintage Ale has been fulfilled, and the warehouse club is selling through the remaining supply.
The Helles-style lager that won awards at the World Beer Cup and Great American Beer Festival earned a reputation for a smooth, balanced taste that punches well above its dollar-per-can price point.
"The cost-to-value is insane on this beer," one shopper told the Wall Street Journal last year.
Fans on Reddit lamented the change this month as well.
"We've been overwhelmed by the outpouring of support for the beer from Costco members since the announcement," the Deschutes Brewery spokesperson said. "The feedback on the beer has been exceptional, and it's clear that the beer has built a fan base across the US and internationally."
The lager wasn't Costco's first foray into a budget-minded brew, though it was decidedly more successful than the Kirkland Signature Light, which was discontinued in 2018.
A Costco employee told Business Insider the lager's sales at their location near Madison, Wisconsin, were moderately strong — roughly on par with mid-priced lagers like Modelo.
Cases of the lager were still available at that warehouse over the weekend, roughly a week after the brewer notified suppliers of the production change, as reported by Craft Business Daily.
While some Kirkland Signature items are locked in for the long haul, like the famous $5 chickens and $1.50 hot dogs, certain products may only be available for a limited time.
Costco did not respond to a request for comment from Business Insider on this story.
Both Costco and Deschutes find themselves in better spots today than when they first launched the collaboration. The retailer continues to post strong monthly sales growth, and Deschutes said its volume sales were up 16% year over year in the 13 weeks ending June 28, citing data from market research company Circana.
There have been no hints so far that the fan-favorite beers will be resurrected anytime soon, so now is the time to stock up while supplies last.
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Dominick Reuter You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Dominick Reuter is a senior retail reporter for Business Insider, primarily covering Walmart, Target, and Costco. His stories tend to focus on issues and trends that affect employees and customers.Prior to joining BI in 2019, Dominick worked for more than a decade as an independent photojournalist covering a wide range of stories for global wire services and newspapers, including Reuters, the Wall Street Journal, and Agence France-Presse.Dominick studied photojournalism at Boston University and later earned a Masters in business and economics journalism from Columbia University.If you're an employee or customer with a story to share, please contact me via email or text/call/Signal at 646-768-4750.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In First Solar To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in First Solar between February 26, 2025 and February 24, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - July 14, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against First Solar, Inc. ("First Solar" or the "Company") (NASDAQ: FSLR) and reminds investors of the August 24, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Defendants had overstated First Solar's capacity to manage the impact of U.S. tariff policy on the Company's business; (2) Defendants understated the extent to which its responses to U.S. tariff policy, including the intentional underutilization of production facilities in Malaysia and Vietnam, and attempted relocation of production to the U.S., were likely to negatively impact First Solar's projected performance in the 2026 fiscal year; and (3) as a result, Defendants' public statements were materially false and misleading at all relevant times.
The truth began to emerge on January 7, 2026, when Jefferies downgraded First Solar to Hold from Buy, noting that during 2025, the Company had lowered guidance, faced significant de-bookings and experienced margin compression through 2025. Jefferies also flagged that "[international] facilities remain a pain point while tariffs exist" and "underutilization at [international] facilities remains a concern." The Jefferies analyst also predicted that First Solar's deployment opportunities were likely to be more limited in 2026.
On this news, First Solar's stock price fell $27.67 per share, or 10.29%, to close at $241.11 per share on January 7, 2026.
Then, on February 24, 2026, First Solar issued a press release "announc[ing] financial results for the fourth quarter and year ended December 31, 2025." Among other items, First Solar announced earnings that missed expectations by a wide margin and issued lower-than-expected FY 2026 revenue guidance, citing customer headwinds such as permitting delays under the Trump administration. Following First Solar's announcement, Baird Research downgraded its stock to Neutral from Outperform, citing "several question marks in forward outlook".
On this news, First Solar's stock price fell $33.09 per share, or 13.61%, to close at $210.12 per share on February 25, 2026.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding First Solar's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the First Solar, Inc. class action, go to www.faruqilaw.com/FSLR or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Frequently Asked Questions (FAQ) for Investors Regarding the First Solar, Inc. Securities Class Action Lawsuit:
What is the First Solar securities fraud lawsuit about?
The lawsuit alleges that First Solar, Inc. and certain executives violated federal securities laws by making false or misleading statements and failing to disclose material information regarding the impact of U.S. tariff policies, production facility utilization, and risks to the Company's projected 2026 financial performance.
Who may be eligible to participate in the lawsuit?
Investors who purchased or otherwise acquired First Solar (NASDAQ: FSLR) securities during the applicable Class Period and suffered losses may be eligible to participate in the securities class action. Eligibility will depend on the specific circumstances of each investor's transactions and losses.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff is a court-appointed representative who acts on behalf of all class members in directing the litigation. Any eligible investor may seek appointment as lead plaintiff by filing the appropriate motion with the court on or before the August 24, 2026 deadline.
What should investors do if they purchased First Solar stock during the Class Period?
Investors who purchased First Solar securities during the Class Period and experienced losses should review their legal rights and options. They may contact counsel to discuss the lawsuit, determine whether they qualify to participate, and learn more about seeking appointment as lead plaintiff before the applicable deadline.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased First Solar securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304986
Source: Faruqi & Faruqi LLP
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Drug pricing has been hanging over the pharmaceutical industry for years, and the Trump administration didn't eliminate that pressure. It did, however, pursue voluntary pricing agreements with many of the industry's largest drugmakers. Since late 2025, the Trump administration has reached voluntary most-favored-nation (MFN) pricing agreements with 17 of the world's largest pharmaceutical manufacturers, including Pfizer (PFE +1.32%), AbbVie (ABBV 0.03%), and Bristol Myers Squibb (BMY +3.06%).
These agreements generally align prices for certain drugs with those paid in comparable developed countries, expand discounted direct-to-consumer purchasing through the TrumpRx platform, and provide MFN pricing for certain Medicaid purchases. So the obvious question is: Will lower drug prices automatically translate into lower profits? Let's take a closer look and find out.
Image source: Getty Images.
Pfizer moved first Pfizer became the first major pharmaceutical company to reach an agreement with the administration, offering discounts on more than 30 branded medicines. Management has framed the initiative as a way to improve affordability while preserving incentives for pharmaceutical innovation.
Now, that might appear negative for revenue; lower prices generally mean the company makes less per prescription. But Pfizer has another problem that arguably matters more: It needs to replace revenue lost from the decline of its COVID-19 products. The company's own projections assumes an additional $1.5 billion decline in COVID-related revenue, separate from revenue pressure caused by patent expirations.
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That said, Pfizer is investing heavily in oncology, vaccines, and obesity treatments, while pursuing additional cost reductions. A clearer pricing framework, even if it results in somewhat lower prices, could reduce regulatory uncertainty and help management make longer-term capital allocation decisions.
AbbVie has more flexibility Compared to Pfizer, AbbVie enters this environment from a position of strength. You see, Humira, once the world's best-selling drug, has already faced years of biosimilar competition. Management spent considerable time preparing for that transition with newer immunology drugs Skyrizi and Rinvoq, which now drive much of the company's growth.
Those products continue posting strong double-digit percentage sales increases, giving AbbVie a much more diversified business than it had just a few years ago. Skyrizi has become one of its most important growth drivers, generating nearly $4.5 billion in first-quarter 2026 sales, up 31% from a year earlier. Rinvoq continues delivering strong growth across multiple autoimmune diseases, including rheumatoid arthritis, Crohn's disease, ulcerative colitis, and atopic dermatitis. In the first quarter, Rinvoq revenue increased 23% year over year to roughly $2.1 billion, making it one of AbbVie's fastest-growing blockbuster medicines.
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Together, the two therapies are generating billions of dollars in annual revenue and are expected to more than offset the decline in Humira sales over the next several years. That transition leaves AbbVie less dependent on a single blockbuster drug and better positioned to absorb future pricing pressure.
Bristol Myers Squibb needs to fill a gap Bristol Myers Squibb faces a different challenge, as drug pricing isn't its only issue. Several of its top-selling products are already approaching (or facing) patent expirations, meaning they will be hit with competition from cheaper imitations. Revlimid has been steadily losing revenue as generic competition expands, while Eliquis, its blockbuster blood thinner co-marketed with Pfizer, is expected to face similar pressure later this decade.
Together, those products have generated tens of billions of dollars in annual sales, leaving Bristol Myers with a significant revenue gap to fill. Management has responded by launching newer medicines, expanding its late-stage pipeline, and pursuing acquisitions to strengthen its oncology, immunology, and cardiovascular portfolios. Whether those newer therapies can replace the revenue lost from aging blockbusters will likely have a much greater impact on long-term earnings than modest changes in drug pricing.
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The industry appears to be adapting So far, it seems as though the industry is adapting calmly, without any major red flags. And rather than mounting broad public opposition, many large pharmaceutical companies have chosen to negotiate. By April 2026, agreements included manufacturers that represent roughly 86% of the branded U.S. pharmaceutical market.
This is mostly the result of investor behavior. It's no secret that investors generally dislike regulatory uncertainty more than they dislike modest reductions in profitability. And the agreements may also provide other benefits, including tariff relief for participating manufacturers that expand U.S. production under separate administration policies. To put it simply: Complying, rather than fighting, was the most reasonable and sound strategy.
To be sure, drug pricing is becoming a larger factor in pharmaceutical investing, but it shouldn't become the only factor. Pipeline quality, research productivity, acquisitions, and manufacturing execution will continue driving long-term shareholder returns.
For Pfizer, the priority remains rebuilding growth beyond COVID products. For AbbVie, it's sustaining momentum from Skyrizi and Rinvoq. For Bristol Myers, success depends largely on replacing aging blockbuster products with next-generation therapies.
The new pricing agreements certainly change the industry's operating environment. But they don't eliminate what has always mattered most in pharmaceuticals: Companies that consistently develop valuable new medicines tend to create the most value for shareholders over time.
A securities fraud class action lawsuit has been filed on behalf of Zillow investors after its stock plummeted over 16% because of Zillow's alleged anticompetitive agreement with Redfin, potentially violating federal securities laws.
, /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Zillow Group, Inc. (NASDAQ:Z, ZG) and certain of the Company's senior executives for securities fraud after significant stock drops resulting from potential violations of the federal securities laws.
If you invested in Zillow, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/zillow-class-action-lawsuit.
Key Details of the Zillow ($Z, $ZG) Class Action:
Lead Plaintiff Deadline: August 10, 2026 Alleged Misconduct: Securities fraud relating to Zillow's allegedly anticompetitive agreement with Redfin Corporation Largest Alleged Stock Drop: February 11, 2026 – 16.54% Stock Drop on Class C shares; 17.13% Stock Drop on Class A shares. Court: U.S. District Court for the Western District of Washington Action: Contact BFA Law to discuss your rights Investors have until August 10, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Zillow Class C and Class A common stock. The class action is pending in the U.S. District Court for the Western District of Washington. It is captioned Breidert v. Zillow Group, Inc., et al., No. 26-cv-02016.
Why is Zillow Being Sued for Securities Fraud?
On February 6, 2025, Zillow entered into an agreement with Redfin through which Zillow became the exclusive provider of multifamily rental listings on Redfin's platform and affiliate websites, including Rent.com. According to the complaint, during the relevant period, Zillow characterized the agreement with Redfin as a "partnership" that would provide Zillow exclusive access to Redfin's advertising platform.
As alleged, in truth, under the terms of the agreement, Zillow paid Redfin $100 million to stop competing with Zillow, facilitate the transition of its multifamily rental advertising business to Zillow, and close the remainder of its business.
Why did Zillow's Stock Drop?
On September 30, 2025, the FTC filed a complaint against Zillow and Redfin alleging violations of the federal antitrust laws. According to the FTC complaint, "Zillow and Redfin executed an unlawful agreement to remove competition from [the online rental marketplaces industry], starting with a $100 million payment to Redfin to exit the [Internet Listing Services] market." In sum, the FTC alleged, "[t]his agreement is nothing more than an end run around competition on the merits with Redfin for customers…" This news caused the price of Zillow's Class C and A common stock to decline 4.33% and 4.5%, respectively.
On February 10, 2026, Zillow's CFO told investors that Zillow experienced increased legal expenses which "will result in approximately 200 basis points headwind to EBITDA margins in Q1." On this news, the price of Zillow's Class C and A common stock declined 16.54%, and 17.13%, respectively.
Finally, on May 7, 2026, Reuters reported that a "federal judge rejected [Zillow and Redfin's] request to end a [FTC] lawsuit accusing them of illegally agreeing to suppress competition for online apartment rental listings." This news caused the price of Zillow's Class C and A common stock to decline 1.9% and 1.76%, respectively.
Click here for more information: https://www.bfalaw.com/cases/zillow-class-action-lawsuit.
What Can You Do?
If you invested in Zillow, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff's securities litigation law firm, with clients noting: "[t]here is no better service provider in the practice area," "[t]he interest of the client is always front and center," and "[t]here isn't a better firm in this space." One testimonial described the firm as "nimble and entrepreneurial," with a "relentless focus on adding value for clients."
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Zillow To Contact Him Directly To Discuss Their Options
If you purchased or acquired Class A or Class C Zillow common stock between February 11, 2025 and May 7, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - July 14, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Zillow Group, Inc. ("Zillow" or the "Company") (NASDAQ: ZG) (NASDAQ: Z) and reminds investors of the August 10, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Zillow's agreement with Redfin was not a "partnership," but rather an acquisition of Redfin's business; (2) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; (3) upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and (4) as a result, Defendants' statements about Zillow's business, operations, and prospects, were materially false and misleading and or lacked a reasonable basis at all relevant times.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Zillow's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Zillow class action, go to www.faruqilaw.com/Z or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Frequently Asked Questions (FAQ) for Investors Regarding the Zillow Securities Class Action Lawsuit:
What is the Zillow securities fraud lawsuit about?
The lawsuit alleges Zillow misrepresented its agreement with Redfin as a partnership, understated antitrust and regulatory risks, and downplayed potential legal exposure, making statements about its business and prospects allegedly misleading.
Who may be eligible to participate in the lawsuit?
Investors who purchased or acquired Zillow Class A or Class C common stock (NASDAQ: ZG) (NASDAQ: Z) between February 11, 2025 and May 7, 2026 may be eligible to participate if they suffered losses related to the alleged misconduct.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff represents the interests of the proposed class and helps oversee the litigation. Investors seeking appointment must file a motion with the court by August 10, 2026. Investors can share in any recovery without serving as lead plaintiff.
What should investors do if they purchased Zillow stock during the Class Period?
Investors should review their transaction records, preserve relevant documents, and evaluate their legal options. Those who suffered losses may wish to consult counsel regarding participation in the lawsuit or seeking lead plaintiff status before the deadline.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Zillow securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304997
Source: Faruqi & Faruqi LLP
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
, /PRNewswire/ -- The Shareholders Foundation, Inc. announced that a lawsuit was filed for certain investors in shares of Zillow Group, Inc. (NASDAQ: Z).
Investors who purchased shares of Zillow Group, Inc. (NASDAQ: Z) prior to February 11, 2025 and continue to hold any of thoseNASDAQ: Z shares have also certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
On June 10, 2026, an Zillow Group investor filed a lawsuit against Zillow Group, Inc over alleged securities laws violations. The plaintiff alleged that the defendants made false and/or misleading statements and/or failed to disclose that Zillow's agreement with Redfin Corporation was not a "partnership," but rather an acquisition of Redfin's business, that as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws, that upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and that as a result, defendants' statements about Zillow's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of Zillow Group, Inc. (NASDAQ: Z) should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
After MercadoLibre (MELI +0.85%) delivered another year of more than 30% revenue growth in 2025, you might have expected the stock to surge. Instead, the stock went the other way.
Why? Because the narrative surrounding MercadoLibre has changed. A few years ago, investors were asking how big the company could become. Today, they're asking whether it can sustain its growth while protecting profitability.
That shift in sentiment has weighed on MercadoLibre stock. But it also raises an important question: Has the market become too pessimistic about one of Latin America's highest-quality technology companies?
Image source: Getty Images.
Why have investors become more cautious? MercadoLibre's business isn't slowing down. In fact, in the first quarter, revenue grew 49% year over year. What has changed is that its economics have simply become more complicated.
Over the past year, the company has invested aggressively to solidify its leadership in the e-commerce and fintech spaces in its core markets. It has expanded its logistics network, lowered free-shipping thresholds in Brazil, and continued pouring capital into Mercado Pago.
Those investments have strengthened the platform, but they've also increased costs.
At the same time, competition has intensified. Sea Limited's Shopee is competing aggressively in Brazil through shipping subsidies and attractive seller incentives. PDD Holdings' Temu is reshaping consumer expectations around pricing with ultra-cheap goods shipped from China.
As a result, MercadoLibre's operating margins have come under pressure, almost halving from 12.9% to 6.9%.
In other words, the market isn't questioning whether MercadoLibre can continue growing. It's questioning whether that growth will create long-term shareholder value.
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The business is getting stronger Ironically, if you ignored the share price and looked only at the operating business, you might conclude MercadoLibre is stronger today than it was three years ago.
Revenue is growing at an impressive pace. Gross merchandise volume keeps climbing. Mercado Pago is expanding across payments, lending, investments, and digital banking. Meanwhile, Mercado Ads has become another meaningful growth engine, allowing the company to monetize its marketplace more effectively.
More importantly, these businesses reinforce one another. The marketplace attracts buyers and merchants. Mercado Pago makes transactions easier while deepening customer relationships. Mercado Envios improves delivery speed and reliability. Mercado Ads gives merchants another reason to invest in the platform.
Each business becomes more valuable because the others exist. That integrated model makes MercadoLibre increasingly difficult to replicate, even as competition intensifies.
Has the valuation become more attractive? The market's increasingly cautious stance toward the company has had another effect: The stock's valuation has become far more reasonable.
During the COVID-19 pandemic, investors valued MercadoLibre like a high-growth marketplace with enormous potential. Today, the company has evolved into a much larger and more diversified business, yet it trades at a price-to-sales (PS) multiple of 2.9, well below the double-digit PS multiples seen during the 2020 and 2021 boom.
That lower valuation reflects legitimate concerns. Investors want proof that today's heavy investments will eventually translate into stronger margins, higher earnings, and expanding free cash flow.
But that's also where the opportunity may lie. If management succeeds in turning today's logistics investments, fintech expansion, and merchant services into stronger long-term economics, today's valuation could prove surprisingly attractive in hindsight.
What does it mean for investors? Calling any stock a once-in-a-decade buying opportunity sets an exceptionally high bar.
MercadoLibre hasn't earned that label with certainty. E-commerce competition remains intense. Margin pressure could persist longer than investors expect. And Latin America's macroeconomic environment has never been easy to navigate.
Yet the ingredients of an exceptional long-term investment remain firmly in place. MercadoLibre benefits from a dominant market position, several secular growth drivers, expanding network effects, and a management team that's willing to invest for the long term rather than maximize short-term earnings.
The best investments rarely look obvious when expectations are low. They emerge when a great business continues improving while the market focuses on near-term uncertainty.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Eli Lilly (LLY 0.09%) and Novo Nordisk (NVO 0.35%) today participate in one of the most exciting growth markets in healthcare: the weight loss drug market, one that's on track to reach nearly $100 billion in a few years. Novo was the first to launch GLP-1 drugs and see them deliver blockbuster revenue, but it was quickly followed by Lilly, and this company also saw great successes.
In fact, as of about a year ago, Lilly actually jumped ahead of Novo and is now the GLP-1 leader in the U.S. and internationally. This leadership has translated into double-digit revenue growth as well as stock price performance, as investors applauded Lilly's accomplishments.
But right now, is one recent disturbing trend bad news for Lilly in this key growth market? Let's find out.
Image source: Getty Images.
Today's weight loss drugs So, first, a bit of background on these pharma companies' portfolios. Novo sells semaglutide under the brand names Ozempic and Wegovy, for type 2 diabetes and weight loss, respectively. Lilly sells tirzepatide as Mounjaro for the former indication and Zepbound for the latter. These drugs, in injectable format, act on hormonal pathways involved in digestion and therefore help regulate blood sugar levels and appetite. Patients self-inject on a weekly basis.
Demand has been high for these products, even resulting in shortages in the past -- in recent times, though, supply has been able to meet demand since both companies ramped up manufacturing capacity.
The Novo and Lilly drugs have proven to be efficacious and safe, and they are easy for patients to fit into their routines -- all of this has contributed to their popularity. Why has Lilly won leadership in the market? It may be due to data showing that the Lilly drugs lead to greater weight loss. In a head-to-head study, Zepbound helped patients lose an average of 20% of their body weight, while Wegovy generated average weight loss of 13% at 72 weeks.
But these aren't the only weight loss drugs sold by Lilly and Novo. Each has launched new oral weight loss drugs in recent times, and these could represent the next wave of growth for the companies. Novo won approval for oral Wegovy late last year, and Lilly won approval for Foundayo, its oral GLP-1 drug, this spring.
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Prescriptions for Foundayo And this brings me to the disturbing trend that could worry Lilly investors. Weekly prescription growth for Foundayo has remained flat over the past five weeks, FiercePharma reported, citing a July 10 note from Jefferies analysts. This is based on data gathered by IQVIA.
In the 13th week post-launch, the prescription count came in at 19,550. This is compared to the figure of more than 105,000 for the Wegovy pill at the same point after its launch.
This information shows us that doctors haven't been writing more and more prescriptions for the new Lilly drug -- and the oral Wegovy launch appears much stronger. Should Lilly shareholders worry about this disturbing trend?
There are a couple of differences to note. Oral Wegovy is the same drug -- semaglutide -- as its injectables, while Foundayo is a totally new GLP-1 product. So doctors and patients may take more time to get on board when it's not a drug they know well.
Second, major pharmacy benefit managers were on board with coverage of Wegovy as of the first week, but coverage came later for Foundayo, according to FiercePharma.
These elements may have offered oral Wegovy an advantage -- and more momentum at the launch. It's important to note that Foundayo may progressively appeal to doctors and patients looking for convenience: While oral Wegovy comes with food and beverage restrictions, Foundayo doesn't.
Novo dominated the injectable GLP-1 space, and then Lilly gradually built its leadership; so this could happen in the oral weight loss market too. And even if it doesn't, Lilly's 60% share of the U.S. market and deep pipeline of weight loss candidates mean investors shouldn't worry about the initial launch trend of one product. Lilly's weight loss drug portfolio is solid, and the company remains well-positioned to deliver earnings growth and stock performance over the long term.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Intuit To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in Intuit between August 22, 2025 and May 20, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - July 14, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Intuit Inc. ("Intuit" or the "Company") (NASDAQ: INTU) and reminds investors of the September 8, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) they had overstated Intuit's competitive advantages and growth, as well as the overall strength and sustainability of its business model and operations; (2) in reality, Intuit was losing significant business in its tax-related business, particularly in its Turbo Tax business, as a result of, inter alia, increasing competitive and pricing pressures; (3) accordingly, Intuit's previously issued FY 2026 TurboTax revenue growth guidance was unreliable and/or unrealistic; and (4) as a result, Defendants' public statements were materially false and misleading at all relevant times.
On May 20, 2026, Intuit released its fiscal Q3 2026 financial results, which included its 2026 tax season revenue. Intuit stated that it "did not have the overall tax season we expected" and that it "faced pressure among the most price-sensitive DIY filers." Intuit said that "[w]e [lost] on price," and revealed that the Company needed to evolve its business model by delivering the right lineup and price points to meet simple filers' needs at the low end. Intuit also announced that TurboTax online paying units were expected to grow by only 2% as total IRS filers were expected to decline by approximately 30 basis points, representing the "most significant industry-wide contraction since the post-COVID tax season."
On this news, Intuit's stock price fell $76.86 per share, or 20.02%, to close at $307.07 per share on May 21, 2026.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Intuit's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Intuit class action, go to www.faruqilaw.com/INTU or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Frequently Asked Questions (FAQ) for Investors Regarding the Intuit Securities Class Action Lawsuit:
What is the Intuit securities fraud lawsuit about?
The lawsuit alleges Intuit misled investors by overstating TurboTax growth, competitive strength, and FY2026 guidance while failing to disclose increasing pricing and competitive pressures.
Who may be eligible to participate in the lawsuit?
Investors who purchased Intuit (NASDAQ: INTU) securities between August 22, 2025 and May 20, 2026 may be eligible if they suffered losses.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff represents the proposed class. Eligible investors must file a motion with the court by September 8, 2026. Participation does not require serving as lead plaintiff.
What should investors do if they purchased Intuit stock during the Class Period?
Investors should review their transactions and consider consulting counsel regarding their legal rights, participation in the lawsuit, or seeking lead plaintiff status.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi has represented investors since 1995 and recovered hundreds of millions of dollars. The firm offers free evaluations of potential securities fraud claims.
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Intuit securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305025
Source: Faruqi & Faruqi LLP
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A securities fraud class action lawsuit has been filed on behalf of Intuit investors after its stock plummeted over 20% because Intuit allegedly misled investors regarding TurboTax's purported competitive advantages and growth prospects.
, /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Intuit Inc. (NASDAQ:INTU) and certain of the company's senior executives for securities fraud after significant stock drops resulting from potential violations of the federal securities laws.
If you invested in Intuit, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/intuit-class-action-lawsuit.
Key Details of the Intuit ($INTU) Class Action:
Lead Plaintiff Deadline: September 8, 2026 Class Action Allegations: Securities fraud alleging that Intuit misled investors regarding TurboTax's purported competitive advantages and growth prospects Largest Alleged Stock Drop: May 21, 2026 – 20.02% Stock Drop Court: U.S. District Court for the Northern District of California Action: Contact BFA Law to discuss your rights Investors have until September 8, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Intuit securities. The class action is pending in the U.S. District Court for the Northern District of California. It is captioned Baldwin v. Intuit Inc., et al., No. 26-cv-7086.
Why is Intuit Being Sued for Securities Fraud?
Intuit is a financial technology platform that serves consumers, small and mid-market businesses, and accountants through its offerings, which include TurboTax, Credit Karma, and QuickBooks.
During the relevant period, Intuit told investors it had significant "momentum" across its business segments, including TurboTax. Intuit attributed its "momentum" to purportedly significant competitive advantages, including integration of AI in its business and operations. Intuit also told investors that the 2026 tax season was "off to a strong start" as the company was poised to deliver the "best price for our customers."
In truth, as alleged, the company was facing pressure among the most price-sensitive DIY tax filers and was not competitive on price in this segment.
Why did Intuit's Stock Drop?
On May 20, 2026, before market hours, Reuters published an article titled "Intuit to cut 17% of global jobs to streamline operations, memo shows." Reuters reported that Intuit was "laying off about 17% of its workforce" and was "winding down its Reno and Woodland Hills offices as part of a strategic restructuring to consolidate teams[.]" This news caused the price of Intuit stock to decline $15.78 per share, or 3.95%, from a closing price of $399.71 per share on May 19, 2026, to $383.93 per share on May 20, 2026.
Also on May 20, 2026, after market hours, Intuit released its fiscal Q3 2026 financial results, which included its 2026 tax season revenue. Intuit stated that it "did not have the overall tax season we expected" and that it "faced pressure among the most price-sensitive DIY filers." Intuit stated that "[w]e [lost] on price." Intuit also announced that TurboTax online paying units were expected to grow by only 2% as total IRS filers were expected to decline by approx. 30 basis points, representing the "most significant industry-wide contraction since the post-COVID tax season." This news caused the price of Intuit stock to decline $76.86 per share, or 20.02%, from a closing price of $383.93 per share on May 20, 2026, to $307.07 per share on May 21, 2026.
Click here for more information: https://www.bfalaw.com/cases/intuit-class-action-lawsuit.
What Can You Do?
If you invested in Intuit, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff's securities litigation law firm, with clients noting: "[t]here is no better service provider in the practice area," "[t]he interest of the client is always front and center," and "[t]here isn't a better firm in this space." One testimonial described the firm as "nimble and entrepreneurial," with a "relentless focus on adding value for clients."
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
, /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced that it will report its unaudited financial results for the second quarter of 2026 before the U.S. market opens on Tuesday, August 11, 2026.
TME's management will host a Tencent Meeting Webinar on Tuesday, August 11, 2026, at 7:00 A.M. Eastern Time or 7:00 P.M. Beijing/Hong Kong Time on Tuesday, August 11, 2026, to review and discuss the Company's business and financial performance.
For participants who wish to join the Tencent Meeting Webinar, please complete online registration in advance using the links provided below. Upon registration, each participant will receive an email with webinar access information, including meeting ID, meeting link, dial-in numbers, and a unique attendee ID to join the webinar.
Participant Online Registration
Chinese Mainland[1]: https://meeting.tencent.com/dw/taPIQDShxiVQ
International: https://voovmeeting.com/dw/taPIQDShxiVQ
A live and archived webcast of the webinar will also be available at the Company's investor relations website at https://ir.tencentmusic.com/.
[1] Chinese Mainland, for the purpose of this announcement only, excluding the Hong Kong Special Administrative Region, the Macao Special Administrative Region of the People's Republic of China and Taiwan
About Tencent Music Entertainment
Tencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME's mission is to create endless possibilities with music and technology. TME's platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com.
Investor Relations Contact
Tencent Music Entertainment Group
[email protected]
+86 (755) 8601-3388 ext. 885034
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Although the artificial intelligence (AI) investment theme has displayed some weakness during the past few weeks, it's still a major long-term trend that will dominate the market for the next few years. As a result, any short-term weakness should be viewed as a buying opportunity, and investors shouldn't wait for a better deal because the market tends to recover quite rapidly.
Two stocks down more than 15% from their all-time highs that I think are brilliant buys are Micron Technology (MU 4.04%) and Broadcom (AVGO 3.87%). These two have major tailwinds blowing in their favor that will aid their businesses from now until the end of 2027. That makes any current weakness an excellent time to load up on shares, and I think both are great buys now.
Image source: Getty Images.
1. Micron Technology Micron is one of the best-performing stocks this year and is currently in the top five highest-performing stocks in the S&P 500 (^GSPC 0.79%) year to date.
Micron's success this year has come from soaring memory chip demand caused by the data center build-out required for AI workloads. Memory chips are critical for every computing device, but the industry wasn't ready for the subsequent demand wave. As a result, demand far exceeds supply, causing chip prices to soar. That's why laptops and other computing devices have gotten so expensive: There isn't enough supply to meet total demand.
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This dynamic has led to Micron's earnings and revenue soaring.
MU Revenue (Quarterly YoY Growth) data by YCharts
However, Micron is far from done. Micron's fiscal year (FY) 2026 wraps up in August, so it's useful to look at FY 2027 projections. Next year, Wall Street analysts expect 81% revenue growth and earnings per share of nearly $150, up from the $73.32 they forecast for FY 2026. That's huge growth, and it looks like the stock is a great candidate to buy on the dip, but only if market conditions last.
Micron's management team offered insight into longer-term demand during its last earnings announcement and stated that it expects market tightness to persist beyond 2027. That's great news for long-term investors, and I think Micron is a great stock to buy on the dip, as new highs are coming.
2. Broadcom Broadcom is involved in the computing chip design side of the AI arms race, competing against giants like Nvidia and AMD. However, it isn't designing another graphics processing unit (GPU). Instead, it's partnering with AI hyperscalers to design and produce custom AI chips.
These chips are specialized and work only for one type of workload, but they outperform GPUs in their specialty. That makes them highly attractive because it's a way to increase computing power without increasing build-out costs.
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Broadcom expects monster growth in this product line during the next year and a half. Management has repeatedly told investors that the company expects more than $100 billion of revenue in the AI semiconductor business in 2027. For reference, this business unit generated $10.8 billion in revenue during its most recent quarter.
That's major growth ahead and will lead to strong returns if Broadcom's projections pan out. With several big-name AI giants on its client list, I think those projections are quite safe.
Wall Street anticipates big things from Broadcom, with revenue expected to grow at a 67% this year and 62% next year. That's major growth and could lead to Broadcom becoming one of the top AI investments in the market if it pans out. As a result, buying the stock on the dip today makes a ton of sense, since the market may not be ready for the growth Broadcom expects next year.
Item 1 of 2 A Honda logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/David Dee Delgado/File Photo
[1/2]A Honda logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/David Dee Delgado/File Photo Purchase Licensing Rights, opens new tab
CompaniesJuly 14 (Reuters) - A U.S. auto safety regulator said on Tuesday it received a request to open a probe into 806,963 Honda (7267.T), opens new tab minivans over concerns related to their air bags.
The National Highway Traffic Safety Administration said the petition was related to inadvertent deployment of air bags while the vehicle was in motion.
Stay up to date on the key companies, data, and decisions in the ESG world with the Reuters Sustainable Finance newsletter. Sign up here.
The move covers the Japanese automaker's popular Odyssey models from model years 2011 to 2017.
Honda did not immediately respond to a Reuters request for a comment.
Reporting by Nathan Gomes in Bengaluru
Our Standards: The Thomson Reuters Trust Principles., opens new tab
WINONA, Minn.--(BUSINESS WIRE)--Fastenal Company (Nasdaq:FAST) ('Fastenal,' 'we,' 'our,' or 'us'), a global leader in supply chain services, today reported results for the second quarter ended June 30, 2026. Results reflected strong daily sales growth, operating expense leverage, and continued growth with larger customers supported by our onsite, digital, and supply chain solutions. Except for share and per share information, or as otherwise noted, amounts are stated in millions. Percentage and.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Since Strategy (MSTR 2.68%) first purchased Bitcoin in August 2020, when it effectively became a digital asset treasury business, its shares have surged 601% (as of July 10). However, this cryptocurrency stock currently trades 80% below its November 2024 record high. The bears are winning the debate right now.
The past several weeks have been eventful, as Strategy has abandoned its never-sell attitude. And on June 29, billionaire chairman Michael Saylor introduced a digital credit capital framework that revamped the company's operating playbook.
The business has a new approach to its Bitcoin strategy. Here's how it will likely play out.
Image source: The Motley Fool.
Say goodbye to the never-sell-Bitcoin strategy During the last week of May, Strategy sold $2 million worth of Bitcoin. This shocked investors as it went against Saylor's emphasis on never selling the company's stack. This was followed by an $81 million sale and a $135 million sale in recent weeks to boost liquidity for dividend payments and its U.S. dollar reserve.
Let's put this into context, though. So far in 2026, Strategy has sold $218 million worth of Bitcoin. On a stand-alone basis, this might look like a meaningful sum. But these transactions account for less than 0.5% of the company's Bitcoin holdings. On a relative basis, it's incredibly tiny.
"Strategy remains committed to Bitcoin as its primary treasury reserve asset," Saylor said in the press release.
But the market is right to question what's to come. The sole fear these days rests on the sustainability of Strategy's financial engineering experiment. On an annualized basis, the business has $1.8 billion total in dividend obligations on its preferred shares and interest expense on its debt. To be clear, Strategy hasn't missed a payment yet.
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Take what the market gives you It can be concerning when one of Bitcoin's most prominent bulls starts to offload what he considers an apex asset. However, I don't believe investors need to panic. I don't view this as a dangerous signal that spells doom for Bitcoin or Strategy.
The company is simply iterating on a completely novel playbook, one that requires constant refinement as conditions change. In fact, investors should be worried if Strategy wasn't adapting. This much-needed revamp is Saylor's (and his team's) way of adding flexibility to allow the business to take what the market is giving it.
Chief executive officer Phong Le put it clearly. "Strategy is evolving from one-way capital issuance to active capital management."
Originally, Strategy could only raise common and preferred equity. Now, it has the authorization to repurchase $1 billion of each of its common and preferred shares if doing so could create value for shareholders and strengthen the company's financial position.
Likewise, Bitcoin can and has been sold if it serves the same purpose.
The market is punishing Strategy stock. But I think patience will be rewarded.
Ultra-compact chip delivers trusted positioning, navigation, and timing resilience amid rising spoofing and jamming threats
, /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice, data, and positioning, navigation, and timing (PNT) satellite services, today announced the commercial availability of the Iridium PNT ASIC, a first-to-market chip designed to help protect GPS- and GNSS-dependent devices from jamming, spoofing, and other growing threats.
Iridium PNT ASIC Since the Iridium PNT ASIC's unveiling in October 2025, Iridium has received unprecedented demand from more than 150 organizations worldwide, spanning maritime, unmanned and autonomous systems (UXV), aviation, telecommunications, and other critical infrastructure sectors.
"The market response to the Iridium PNT ASIC has reinforced what we're hearing from customers around the world: assured PNT is becoming an essential capability across critical industries," said Dr. Michael O'Connor, executive vice president, PNT, Iridium. "With commercial availability, we're enabling manufacturers to integrate trusted timing and location capabilities into smaller, more efficient designs, making assured PNT accessible to more applications than ever before."
Measuring just 8 by 8 millimeters and weighing less than 0.2 grams, the application-specific integrated circuit (ASIC) represents a major step forward in expanding access to assured PNT technologies at scale. The chip delivers cryptographically secure timing and location data from the Iridium satellite network through one-way signal bursts that are powerful enough to work where traditional GNSS often cannot, including inside structures and in contested environments.
By continuously validating signal integrity and delivering trusted PNT data anywhere on Earth, the Iridium PNT ASIC provides a powerful new foundation not only for resilient navigation, but also timing. Financial markets, telecommunications networks, power grids, and governments all depend on precise time synchronization to coordinate operations and maintain reliable service.
As global reliance on GNSS continues to grow, so does the frequency and sophistication of signal interference such as jamming and spoofing. Recent incidents including the May 2026 in-flight jamming of United Kingdom Defence Secretary John Healey highlight increasing operational and safety risks associated with GNSS spoofing and jamming across commercial transportation, aviation, and critical infrastructure environments. According to a 2019 study sponsored by the U.S. National Institute of Standards and Technology (NIST), a GPS outage was estimated to cost the U.S. economy approximately $1 billion per day. Adjusted for inflation, that figure would exceed $1.3 billion per day in 2026, underscoring the growing importance of reliable backup solutions.
Compact Assured PNT Integration Underway
Solace Communications, a provider of mission-critical communications solutions for demanding and remote environments, is one of several Iridium partners integrating the Iridium PNT ASIC. Its Vector family of assured PNT products combines Iridium PNT with multi-band GNSS and inertial sensing to deliver resilient positioning, navigation, and timing with continuous confidence scoring, while LTE and Iridium Short Burst Data® (SBD®) provide secure telemetry and messaging.
"The Iridium PNT ASIC supports our wider strategy of building one of the first edge-native, confidence-scored assured PNT platforms around multiple sources of positioning, timing, and motion data," said Adam Elcock, co-founder, Solace Communications. "Future navigation systems must do more than report a position. They must continuously determine whether that position and its timing can be trusted. That is the role Vector has been designed to fulfill and is now being deployed."
Skyband Systems, a developer of aviation-grade, PNT-resilient navigation hardware, will integrate the Iridium PNT ASIC into its M100 LRU for business and commercial aviation. The M100 combines Iridium PNT with onboard inertial sensing to alert crews to GNSS jamming and spoofing while providing aircraft location for enhanced situational awareness.
"Iridium's secure and powerful global service is the perfect platform for Skyband's resilient navigation product," said Robert Wiggenhorn, co-founder, Skyband Systems. "We are excited to partner with Iridium as they launch the Iridium PNT ASIC and look forward to further strengthening their legacy of aircraft innovation and safety."
Iridium continues to engage with developers, original equipment manufacturers, integrators, and technology providers to incorporate assured PNT capabilities into next-generation solutions. Those interested in ordering the Iridium PNT ASIC are encouraged to visit www.iridium.com/pnt/asic.
About Iridium Communications Inc.
Iridium Communications Inc. (Nasdaq: IRDM) operates the world's only truly global mobile satellite network. It serves as a platform for innovation, enabling voice, data, and messaging, positioning, navigation, and timing (PNT), and aircraft surveillance services anywhere on Earth. Through its satellite constellation and integrated capabilities like Aireon, the world's only space-based air traffic surveillance system, Iridium delivers services that support safety-focused operations across aviation, maritime, government, industrial, and consumer markets. The company is a leader in satellite Internet of Things (IoT) connectivity and is advancing direct-to-device (D2D) communications based on open standards to expand access to satellite services.
Headquartered in McLean, Virginia, Iridium innovates through an ecosystem of more than 500 technology and distribution partners, serving millions of customers worldwide. For more information visit www.iridium.com.
Press Contact:
Jordan Hassin
Iridium Communications Inc.
[email protected]
+1 (703) 287-7421
Investor Contact:
Kenneth Levy
Iridium Communications Inc.
[email protected]
+1 (703) 287-7570
Nio stock has pulled back sharply in the past two months, moving from a high of $6.98 in May to a low of $4.66. It has stabilized recently, rising to $5.13 in the premarket session today. This rebound may continue as Chinese EV exports and its growth momentum continue.
Nio Inc. is a top Chinese EV company that owns three brands: Nio, ONVO, and Firefly. It has become a major Tesla rival with a market capitalization of over $12.3 billion.
The company’s business has continued to grow this year despite the challenges in the country. Its deliveries and revenues have outperformed other rivals, including companies like XPeng, Li Auto, and BYD.
The most recent results showed that its deliveries jumped by 49.4% in the second quarter to 107,658. Its June deliveries rose by 62.9% to 40,597, slightly lower than expected, as customers waited for the ES9 and the five-seat ES8.
In contrast, BYD’s deliveries dropped by 3% YoY, while Li Auto’s deliveries fell by 13.7%. Polestar’s deliveries rose by 38% during the quarter.
Nio’s business has done well because of the quality of its vehicles and the hype surrounding the recent launches. Its premium Nio brand sold 21,908 vehicles, while ONVO and Firefly delivered 11,743 and 6,946 vehicles.
Nio’s sales will likely continue growing, helped by the recently launched ES9, which starts at the equivalent of $73,000 and has a range of over 600 kilometers. The vehicle, if bought with a battery-as-a-service subscription, has a starting price of $57,000. Its deliveries rose to 8,595 in June, its first full month of deliveries.
The recent vehicle deliveries mean that its revenue continues to grow last quarter. Yahoo Finance data shows that the average estimate is that its revenue jumped by 76% to CNY 33.50 billion.
Analysts anticipate that its current quarter’s revenue will be CNY 36.33 billion, up by 67% YoY. The annual revenue is expected to jump by 56% this year to CNY 136.3 billion, followed by CNY 156.75 billion. In contrast, analysts expect that Xpeng’s annual revenue is expected to grow by 20% to CNY 92.34 billion.
Some analysts believe that the stock has more upside to go, with Tina Hou, a Goldman Sachs analyst placing a target of $7. If this happens, it would jump by 42% from the current level. The average estimate among analysts is $6.70.
A potential catalyst for Nio is that its business will benefit from the rising Chinese EV exports. Data released today showed that China’s EV exports crossed the 1 million milestone in June. Shipments jumped by 71.2% from a year earlier, with the number expected to hit 10 million from last year’s 7.1 million.
Nio stock chart | Source: TradingView
The daily chart shows that Nio shares bottomed at $4.66 in June and has crawled back to $5.11. It has formed a descending channel in the past few months and has moved above its upper side. Also, the two lines of the Percentage Price Oscillator (PPO) have formed a bullish crossover.
The Relative Strength Index (RSI) has pointed upwards and moved above the RSI-based MA. Therefore, there is a likelihood that the stock will continue rising, potentially to $6. This rally will likely depend on its upcoming earnings report.
The house is paid off. The kids have moved out. Yet the number that may determine whether you can stay there for the next 25 years is not the home’s value or the old mortgage balance. It is the price of the services that keep the house livable when driving, cooking, cleaning, and climbing stairs get harder.
Home modifications, weekly housekeeping, meal delivery, ride services, yard work, and a few hours of part-time home care can easily turn into a $36,000 annual line item. That is not a live-in aide or a luxury plan. It is a practical target for sizing the income stream that helps a paid-off house remain usable.
Why This Number Behaves Differently Than the Rest of Your Retirement The problem is that services can outpace a retiree’s income adjustments. The overall PCE price index was up 4.1% year over year in May 2026, and core PCE was up 3.4%. Social Security’s 2026 COLA was 2.8%. When the cost of services rises faster than your benefit check, Social Security buys a little less housekeeping, meal delivery, and transportation each year.
Healthcare and housing-related services are two of the biggest pressure points. In May 2026 alone, BEA reported that current-dollar consumer spending rose by $22.3 billion for health care and by $22.3 billion for housing and utilities. Those categories do not map perfectly to an individual retiree’s aging-in-place budget, but they show why the service side of retirement deserves its own inflation assumption.
Long-term care insurance generally becomes more expensive and harder to buy as age and health risks rise. Nursing home care is also costly: CareScout’s 2025 survey put the national median at about $9,581 a month for a semi-private room and about $10,798 for a private room, with higher costs in expensive markets. Aging in place can be cheaper than that alternative, but only if the money is earmarked before the need appears.
The Portfolio Math at Three Yield Levels Divide the annual service budget by a realistic portfolio yield and you get the capital required to fund it without touching principal.
Conservative, 3.5% yield: about $1,028,000. Dividend growth and blue-chip utilities like Duke Energy (NYSE:DUK | DUK Price Prediction) throw off cash from monopoly service territories and typically raise the dividend every year. Yield is lower, growth is higher, and the principal has the best chance of keeping pace with services inflation. This tier survives a 25-year retirement without cuts. Moderate, 5.5% to 6% yield: about $600,000 to $655,000. Net lease REITs like Realty Income (NYSE:O), preferred share funds, and high-dividend equity strategies live here. Realty Income pays monthly, which mirrors how housekeeping and meal delivery bill you. Dividend growth is slower and the payout is less inflation-protected, but the capital requirement drops by a third. Aggressive, 9% to 10% yield: about $360,000 to $400,000. Business development companies such as Ares Capital (NASDAQ:ARCC), mortgage REITs, and levered covered-call funds get you there. Distributions are large, but they can be cut in a credit cycle, and share prices often drift sideways or lower over long horizons. You are buying current income rather than long-term compounding. The Insight Most Households Miss Home equity is not automatically an aging-in-place fund. The Case-Shiller U.S. National Home Price NSA Index was 332.678 in April 2026, so many long-time homeowners may have substantial equity, but a house does not pay the cleaner. A reverse mortgage or HELOC can bridge a gap, but with the 10-year Treasury around 4.5%, borrowing against the house to fund recurring services can be expensive and finite. A dividend and interest stream is designed for recurring bills.
The lower-yield tier may win over a 25-year horizon if the payout grows. A 3.5% yielding portfolio that grows income 7% annually nearly doubles the payout in 10 years and more than doubles it in 11. A 10% yielding portfolio with a flat distribution may start with more income per dollar invested, but it loses purchasing power every year that services inflation continues.
For readers who want to structure withdrawals without eroding principal, the framework in the Never Touch the Principal guide walks through the mechanics. The goal is not to eliminate risk, but to separate recurring service bills from the part of the portfolio meant for market growth.
What to Do This Month Price your own aging-in-place package before sizing a portfolio. Get real quotes for weekly housekeeping, a meal delivery service, a part-time aide agency, and a one-time home modification assessment. The $78,535 average annual household expenditure is a national baseline, but your number will be geographic. BEA’s 2024 regional price parities put California at 110.7 and Mississippi at 87.0, meaning the same basket of goods and services generally costs much more in California than in Mississippi.
Separate the aging-in-place fund from the general retirement portfolio. A dedicated income sleeve, sized to the $36,000 target or your own quoted number, keeps the decision about whether to hire the housekeeper from depending entirely on whether the market is up or down that quarter.
Stress test the fund against service-cost inflation, not just the 2.8% Social Security COLA. If portfolio income cannot grow as fast as the services you need, the plan may still look fine in year one while quietly losing purchasing power later. That is the failure retirees are least likely to notice early enough to fix. A Stronger Way to Stay Put A paid-off home is a major retirement advantage, but it is not the same thing as an aging-in-place plan. The practical question is whether the house can generate, or be paired with, enough recurring income to pay for the help that keeps it livable.
Start with real local prices, build an income target around them, and stress test that target against service inflation. The goal is not simply to own the house at 85. The goal is to still be able to live in it safely.
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A securities fraud class action lawsuit has been filed on behalf of ZoomInfo investors after its stock plummeted nearly 33% because ZoomInfo allegedly misled investors regarding its customer retention.
, /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against ZoomInfo Technologies Inc. (NASDAQ:GTM) and certain of the Company's senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws.
If you invested in ZoomInfo, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/zoominfo-class-action-lawsuit.
Key Details of the ZoomInfo ($GTM) Class Action:
Lead Plaintiff Deadline: August 24, 2026 Alleged Misconduct: Securities fraud alleging that ZoomInfo misled investors regarding the impact of ZoomInfo's AI-integrated products on customer retention Stock Drop: May 12, 2026 2026 – 33% Stock Drop Court: U.S. District Court for the Western District of Washington Action: Contact BFA Law to discuss your rights Investors have until August 24, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in ZoomInfo securities. The class action is pending in the U.S. District Court for the Western District of Washington. It is captioned Tejeda v. ZoomInfo Technologies et al., No. 26-cv-05696.
Why is ZoomInfo Being Sued for Securities Fraud?
ZoomInfo has been sued for securities fraud following a significant stock drop resulting from potential violations of the federal securities laws. The decline in ZoomInfo's stock price caused significant losses to investors.
ZoomInfo provides go-to-market ("GTM") intelligence and a customer engagement platform for sales, marketing, operations, and recruiting professionals.
Throughout the relevant period, ZoomInfo allegedly stated that "the demand for AI for GTM is evident up and down our customer stack." According to ZoomInfo, its "innovative go-to-market AI" was "driving stronger daily engagement from a diverse set of go-to-market personas."
On February 9, 2026, ZoomInfo issued its 2026 revenue guidance "in the range of $1.247 billion to $1.267 billion," because "in 2026, our focus is on bringing" ZoomInfo's "all-in-one AI platform for go-to-market teams . . . to our customers at scale."
In truth, as alleged, ZoomInfo's customer retention declined as customers were rejecting ZoomInfo's AI products.
Why did ZoomInfo's Stock Drop?
On May 11, 2026, ZoomInfo announced its Q1 2026 results and slashed its 2026 revenue guidance from $1.247-$1.267 billion to $1.185-$1.205 billion. ZoomInfo revealed that its customer growth "regressed" due to "AI and agentic confusion" leading to "a pause in [customers'] purchasing decisions[.]"
This news caused the price of ZoomInfo stock to decline $1.98 per share, or 32.78%, from a closing price of $6.04 per share on May 11, 2026, to $4.06 per share on May 12, 2026.
Click here for more information: https://www.bfalaw.com/cases/zoominfo-class-action-lawsuit.
What Can You Do?
If you invested in ZoomInfo, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff's securities litigation law firm, with clients noting: "[t]here is no better service provider in the practice area," "[t]he interest of the client is always front and center," and "[t]here isn't a better firm in this space." One testimonial described the firm as "nimble and entrepreneurial," with a "relentless focus on adding value for clients."
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In ZoomInfo To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in ZoomInfo between November 3, 2025 and May 11, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - July 14, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against ZoomInfo Technologies, Inc. ("ZoomInfo" or the "Company") (NASDAQ: GTM) and reminds investors of the August 24, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that the true state of ZoomInfo's slowing growth its legacy seat-based subscription platforms and weakening customer retention in its downmarket segment. Further, the Company minimized concerns that customers were moving towards consumption-based usage models and developing internal AI-driven go-to-market solutions.
On May 11, 2026, after the market closed, ZoomInfo announced its first quarter 2026 financial results, unveiling a sharp decline in growth outlook and accordingly lowered its 2026 full year financial guidance, and announced it was realigning its downmarket business, laying off 20% of its workforce, and expecting to incur approximately $45-60 million in restructuring costs. On this news, ZoomInfo's stock price fell $1.98, or approximately 33%, to close at $4.06 per share on May 12, 2026.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding ZoomInfo's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the ZoomInfo class action, go to www.faruqilaw.com/GTM or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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Frequently Asked Questions (FAQ) for Investors Regarding the ZoomInfo Securities Class Action Lawsuit:
What is the ZoomInfo securities fraud lawsuit about?
The lawsuit alleges that ZoomInfo Technologies, Inc. (NASDAQ: GTM) and certain of its officers and directors violated federal securities laws by making materially false and misleading statements to investors during the class period. Specifically, the complaint alleges that defendants issued overwhelmingly positive statements while allegedly concealing the true extent of slowing growth in ZoomInfo's legacy seat-based subscription platforms and weakening customer retention in its downmarket segment. The complaint further alleges that defendants minimized concerns that customers were shifting toward consumption-based usage models and developing internal AI-driven go-to-market solutions, which allegedly masked material adverse trends affecting the Company's business. On May 11, 2026, after markets closed, ZoomInfo allegedly disclosed the severity of these conditions when it announced sharply lowered full-year 2026 guidance, a realignment of its downmarket business, a workforce reduction of approximately 20%, and anticipated restructuring costs of approximately $45-60 million — news that allegedly caused the Company's stock to decline approximately 33% the following trading day.
Who may be eligible to participate in the lawsuit?
Investors who purchased or otherwise acquired ZoomInfo Technologies, Inc. (NASDAQ: GTM) securities during the class period — between November 3, 2025 and May 11, 2026, inclusive — may be eligible to participate in this lawsuit. Eligible investors are not limited to those who seek appointment as lead plaintiff; any class member who suffered losses during the class period may potentially share in any recovery obtained on behalf of the class. Investors are encouraged to review their trading records to determine whether their purchases fall within the applicable class period dates. Participation in the litigation does not require that an investor take an active role in the case or incur out-of-pocket legal expenses to be considered a potential class member.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff is a court-appointed representative who acts on behalf of all class members in directing the litigation, including selecting and overseeing class counsel and making key strategic decisions in the case. Under the Private Securities Litigation Reform Act, any investor who purchased ZoomInfo Technologies securities during the class period and suffered a loss may move the court for appointment as lead plaintiff. The deadline to file a motion seeking lead plaintiff appointment is August 24, 2026. Importantly, investors are not required to serve as lead plaintiff in order to be eligible to share in any recovery that may result from the litigation; the vast majority of class members participate without taking on that representative role.
What should investors do if they purchased ZoomInfo stock during the Class Period?
Investors who purchased ZoomInfo Technologies, Inc. (NASDAQ: GTM) securities between November 3, 2025 and May 11, 2026 should promptly review their brokerage and account records to confirm the dates and prices of any relevant transactions. Investors are strongly encouraged to preserve all documentation related to their ZoomInfo securities purchases, including trade confirmations, account statements, and any communications concerning those investments. Given that the lead plaintiff motion deadline is August 24, 2026, investors who wish to explore their legal options — including the possibility of seeking appointment as lead plaintiff — should act in a timely manner. Investors may wish to consult with Faruqi & Faruqi, LLP or other qualified securities counsel to evaluate their rights and potential claims prior to that deadline.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased ZoomInfo securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304998
Source: Faruqi & Faruqi LLP
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