As an Amazon Associate I earn from qualifying purchases.
Know what the Bible says and understand why it matters with the fully revised NIV Study Bible featuring updated notes, full-color design, and Comfort Print typography designed for immersive reading.
A trusted companion for deep personal study, sermon prep, and devotional reading highlighted in our faith and leadership coverage.
Representative Jefferson Shreve (R-Indiana) recently sold shares of Procter & Gamble Company (The) (NYSE:PG). In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $50,001 and $100,000 in Procter & Gamble stock on May 12th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account. Representative Jefferson Shreve [...]
XPENG and NIO are a similar age, young EV startups from China that highlight their smart tech and have been advancing the EV revolution. More or less, they have grown at a similar rate, and in waves have reached greater and greater heights. Of course, they are different countries with ... [continued]The post Is XPENG Separating Itself From NIO, Or Just A Step Ahead? appeared first on CleanTechnica.
Needed: Stupid Anonymous Authored by Stephen Kritz via The Brownstone Institute,For many years, large segments of the American public were perfectly willing to go on Jerry Springer and admit to the world that they abused their spouses, molested their children, tortured their pets, and consumed every illicit drug they could get their hands on. Beginning with Alcoholics Anonymous, a plethora of Anonymous organizations has come on the scene to deal with these issues, along with an ever-increasing number of other social and psychological maladies. However, there is not one Anonymous chapter where a person can get in front of a supportive group and state: “Good evening. My name is Steve, and I’m stupid!” Don’t believe me? Google it! For the purposes of this discussion, I’ll use the term “stupid” based on actions, not intellect...or as Forrest Gump was known to say: “Stupid is as stupid does!” Getting people to admit that they’ve behaved stupidly is a very heavy lift. Just as Social Security has been called the “third rail” of American politics, admitting stupidity is the third rail of the American psyche. In addition, I have found that stupid actions tend to be based on rigid ideology or fear, both of which are hard to overcome. Let’s start with stupidity due to rigid ideology. Given that the receipts documenting the Obama administration’s efforts to carry out a “soft coup” are now in the public domain, at least half the population is going to need Stupid Anonymous services badly. I must point out that the use of the word “soft” when talking about a coup is absurd. It’s like telling a person that you just kicked in the crotch that it was an accident, expecting the person’s pain to immediately subside. It’s not happening! An attempted coup is a very serious crime, no matter the means used to carry it out or its level of success, and there must be full accountability. I find it interesting that RussiaGate, which has now been definitively demonstrated to have been nothing but a hoax, was thought by many of its believers to be worse than Watergate. Frankly, I believe that those who, to this day, continue to believe that RussiaGate was a real scandal are just acting stupidly! While I have no issue using Watergate as the gold standard by which government corruption is adjudicated, it needs to be assessed in proper context. At the time of the Watergate hearings in 1973 and 1974, I had just finished college. PBS carried gavel-to-gavel coverage, and I listened to dozens upon dozens of hours of testimony. A year earlier, I had cast my first vote for George McGovern. My relatives, all of them Jewish, kept pointing out that almost all of Nixon’s partners in crime had German last names. As such, I was surrounded by people who were very fearful about Nixon’s plans for the country. I had similar concerns. In short, I was no Richard Nixon fan, and I believed that he got what he deserved. In reality, however, our Constitutional republic was never in jeopardy, and the country continued to function as it would have had the scandal not occurred. Despite this, a sitting President was forced to resign, approximately 60 people were indicted, of which almost 50 were convicted or pleaded guilty, and about two dozen were sent to prison. I have no issue with this level of accountability. Therefore, if we’re going to use Watergate as the gold standard, the perpetrators of the coup should receive punishment that is at least an order of magnitude more severe, given the fact that our Constitutional republic WAS placed in jeopardy. It was only due to Trump’s tenacity and fortitude, and the Hand of the LORD (most obviously in the deflection of the assassin’s bullet) that we are now in a position to turn the ship of state around.There are those who will tell themselves that because the coup didn’t succeed, and Trump was legitimately ousted from office via the vote in 2020 (which raises a whole series of other questions that I won’t cover here), we’re okay, and our Constitutional republic prevailed. Not by a long shot! The fact is, the four years of the Biden administration were reminiscent of the last four years of Brezhnev’s leadership of the former Soviet Union from 1978-82. We had an obviously senile leader who was led by the nose by an unelected Politburo (a term I had used from the beginning of Biden’s presidency that is being uttered with some frequency in recent days). We had a Stalinist Dept of Justice (i.e., you show me the man and I’ll show you the crime), our Intelligence agencies were run by a bunch of Putin/KGB wannabes, and our news outlets were reminiscent of Pravda. As a result, the entire fabric of American life was in tatters going into the election of 2024.I’d hate to think of what would have happened to this country had Kamala Harris won the 2024 election.I’ll point out that while Trump won in an Electoral College landslide, if a mere 125,000 voters (out of approximately 16 million votes cast) in Michigan, Wisconsin, and Pennsylvania had switched their votes, Harris would have won all three of those states, and would have reached 270 electoral votes. Clearly, there were no supply chain issues when it came to the stupidity of those who fervently pushed the proposition that there was nothing to see here! Hopefully, the new folks that are in charge of our government agencies will provide justice with the appropriate level of accountability, and enough Stupid Anonymous chapters will be in operation to deal with the amount of psychological trauma that will need to be addressed. The current effort to deflect everything to the Jeffrey Epstein files in order to bring down Trump will not bear fruit. Once again, this will be shown to be just plain stupid. In my opinion, Trump’s leadership style has shown itself to be the second coming of the only other President born in New York City, Theodore Roosevelt. Eerily, Roosevelt also survived an assassin’s bullet during the election campaign of 1912, when he was running for a third term. Thank the LORD for overly long handwritten speeches kept in a left breast pocket! Had the speech been about 15 minutes shorter, the bullet would likely have been fatal. As such, Trump, by proxy, is already on Mount Rushmore! Putting the foregoing together; I’d say that those who continue to challenge President Trump are acting against the best interests of the country...and stupidly.I’ll now move on to stupidity due to fear, which was the initial tactic used by those responsible for the disastrous Covid response. What’s going to happen when the true extent of the Covid atrocities are revealed? It’ll make the coup attempt against Trump, bad as it was, look like child’s play! While many of us are legitimately concerned about the number of terrorist sleeper cells that have been injected into the country via open borders, what about the number of sleeper cells that have been injected into the arms of most of the US population? There are already indications that long-term consequences are likely. Ominously, a very recent study from the Czech Republic showed that the successful conception rate of women who received as few as one Covid shot prior to trying to get pregnant is significantly lower than those who didn’t take any Covid shots. I’m also concerned that the flat-to-declining life expectancy we’ve experienced in this country over the past decade, which just so happens to correlate rather closely with the timeline of full implementation of ObamaCare, will be further exacerbated by having taken the Covid shots. To have not considered these possibilities from the outset of the Covid pandemic is just another example of stupidity, in this case fed largely by fear. Staying with life expectancy for a moment longer; beginning in 2015, we had three consecutive years of declining life expectancy in the US. The last time this had happened was during the flu pandemic of 1918-20. You’ll recall that the 2015-17 declines were attributed to “deaths of despair.” I thought it was also due to the obesity epidemic finally catching up with us. It was also found that excess all-cause mortality with decreased life expectancy occurred in 2021, the first year of the Covid shots, and not in 2020, when viral virulence was at its peak. While looking at the most recently posted life expectancy graphs, I couldn’t help noticing that the three consecutive year decline is not there, and the Covid-related drop in life expectancy is in 2020; not 2021. Experience tells me that something sinister is in the works, and the stupid among us are being set up for the next scam that will lead them to behave – you guessed it – stupidly. In sum; our work is cut out for us. Should stupidity prevail one more time, either from ideological rigidity or fear, our efforts to get back to our Constitutional republic will permanently end with Trump’s second term as President. I suggest we revive Operation Warp Speed in order to get Stupid Anonymous chapters up and running as quickly as possible. Tyler DurdenFri, 08/01/2025 - 22:35
If there’s any lesson to take from the spending plans issued by the world’s largest technology companies over the past two weeks, it’s to never underestimate the fear of missing out.
FULTON COUNTY — Plans for the proposed Great Sacandaga Lake Discovery Center hit a speedbump during the July 21 Fulton County Finance Committee meeting when the board voted to reject construction bids due to ballooning costs since the project’s inception...
NEW YORK and NEW ORLEANS, Aug. 1, 2025 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 23, 2025 to file lead plaintiff applications in a securities class action...
NEW YORK and NEW ORLEANS, Aug. 1, 2025 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 25, 2025 to file lead plaintiff applications in securities class action lawsuits...
NEW YORK and NEW ORLEANS, Aug. 1, 2025 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 16, 2025 to file lead plaintiff applications in a securities class action...
CANAJOHARIE – Two men recently sat at a table against the front windows inside the Keep Right Café. Napkins were wadded on their plates and their check had been paid.
Tesla Inc. was told to pay $243 million in a lawsuit over a 2019 Autopilot crash in Florida that killed a young woman.
Establishment of automotive battery supply chain partnership in North America TOKYO & NOVI, Michigan & DÜSSELDORF, Germany — Diversified global manufacturer Asahi Kasei and Toyota Tsusho have established a strategic partnership for the supply of automotive lithium-ion battery (LIB) separator in North America. Their respective subsidiaries in the U.S., Asahi ... [continued]The post Asahi Kasei to Supply HiporeTM Lithium-Ion Battery Separator to Toyota Tsusho appeared first on CleanTechnica.
Randy's Steakhouse struggles amid Main Street construction, with business down 60% says owner Randy Burks.
America's Economic Engines: The Biggest Industry In Every State Ever wondered what fuels each state’s economy? In most cases, the biggest industry is either real estate or manufacturing.This Markets in a Minute graphic, via Visual Capitalist's Jenna Ross, in partnership with Terzo, highlights the industry contributing the most to GDP in every state.The Biggest Industry RankingReal estate powers the economy in over half of states. This is largely because the Bureau of Economic Analysis treats homeowners as landlords renting to themselves, and includes the rental value in GDP. If economists did not include this value, a jump in the homeownership rate would cause GDP to drop. On top of this, the real estate industry includes rent paid by renters, property taxes, construction, remodeling, and brokers’ fees.State/DistrictBiggest IndustryAlabamaManufacturingAlaskaTransportation & WarehousingArizonaReal EstateArkansasManufacturingCaliforniaReal EstateColoradoReal EstateConnecticutReal EstateDelawareFinance & InsuranceDistrict of ColumbiaGovernmentFloridaReal EstateGeorgiaReal EstateHawaiiReal EstateIdahoReal EstateIllinoisReal EstateIndianaManufacturingIowaManufacturingKansasManufacturingKentuckyManufacturingLouisianaManufacturingMaineReal EstateMarylandReal EstateMassachusettsProfessional & Technical ServicesMichiganManufacturingMinnesotaReal EstateMississippiManufacturingMissouriReal EstateMontanaReal EstateNebraskaFinance & InsuranceNevadaReal EstateNew HampshireReal EstateNew JerseyReal EstateNew MexicoReal EstateNew YorkFinance & InsuranceNorth CarolinaManufacturingNorth DakotaMining, Oil & GasOhioManufacturingOklahomaGovernmentOregonReal EstatePennsylvaniaReal EstateRhode IslandReal EstateSouth CarolinaReal EstateSouth DakotaFinance & InsuranceTennesseeManufacturingTexasReal EstateUtahReal EstateVermontReal EstateVirginiaReal EstateWashingtonInformationWest VirginiaMining, Oil & GasWisconsinManufacturingWyomingMining, Oil & GasSource: U.S. Bureau of Economic Analysis. Data for the 2024 calendar year. Some industry names have been shortened including real estate and rental and leasing; mining, quarrying, and oil and gas extraction; federal civilian and state and local government; and professional, scientific, and technical services.In second place, manufacturing is the biggest industry in 13 states. Its prominence is heavily concentrated in the Midwest and the South thanks to the long history of the sector in some states, large plots of available land, and government support.Rare Economic LeadersOutside of real estate and manufacturing, some industries are the top GDP driver in a much smaller number of states.For instance, finance and insurance is the biggest industry in New York, Delaware, Nebraska, and South Dakota. Over half of publicly-traded U.S. companies incorporate in Delaware thanks to balanced and flexible corporate laws, a business-friendly environment, and a respected legal community. In South Dakota, financial services are drawn to the state’s business-friendly taxes and trust laws that can shield families from inheritance taxes indefinitely. Mining and oil and gas creates the biggest economic output in three states. North Dakota is the third-largest crude oil producer in the country, while Wyoming and West Virginia are America’s top two coal producers.The government is the biggest GDP driver in D.C. and Oklahoma. Lastly, professional and technical services (Massachusetts), information (Washington), and transportation and warehousing (Alaska) were the top industry in one state each. Tyler DurdenFri, 08/01/2025 - 22:10
The Corporation for Public Broadcasting has been a cornerstone of American culture for three generations. Now it says it will begin taking steps toward its own closure after being defunded by the U.S. Senate. That marks the end of a...
MINNEAPOLIS — There are reliable reports that a prospective new owner of the Twins is about to be revealed. It has taken some digging but I’m now willing to state the Twins are about to wind up in the hands...
President Donald Trump is calling for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell. Trump criticized the head of the U.S. central bank for not cutting short-term interest rates. Posting on Truth Social...
While jobs growth was disappointing in July, it is the huge downward revisions to May and June that have put a completely different light on the health of the US economy. Click to read.
Kids play kitchen recalled after death of toddler Thunder Bay News - TBNewsWatch.comChildren’s play kitchen recalled in Canada and U.S. after death of Oregon toddler CTV NewsBackyard Kids Recalls KidKraft Farm to Table Play Kitchens Due to Strangulation Hazard; One Death Reported U.S. Consumer Product Safety Commission (.gov)Almost 200,000 play kitchens recalled after death of toddler who was strangled on hook NBC NewsRECALL: Product recalled in Canada after child dies INsauga
Howard Hughes Holdings is backed by Bill Ackman's $900M bet and strong fundamentals, with a clear path to value creation post-spin-off. Learn why HHH stock is a buy.
Trump's trade deal with the EU averted the worst case scenario, but US consumers might still see price hikes on some key goods.
As a Davis resident, I strongly support the growing call for our city and Yolo County to end financial ties with Elon Musk’s companies, including Tesla, SpaceX, Starlink, xAI, and The Boring Company.
U.S. President Donald Trump imposed steep tariffs on exports from dozens of trading partners, including Canada, Brazil, India and Taiwan, ahead of a Friday trade deal deadline, pressing ahead with plans to reorder the global economy.
WASHINGTON (AP) — President Donald Trump on Friday called for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell, criticizing the head of the U.S. central bank for not cutting short-term interest rates.
Time will tell if the long-term change in the trend of the US dollar index will change long-term investment positions in Grains.
Exxon beats profit estimates as higher output counters weaker oil prices
Want to enjoy summer corn all year round? Try freezing it! Here's how to freeze your extra corn so it doesn't go bad.
Market Analysis by covering: Dow Jones Industrial Average, S&P/TSX Composite, CBOE Volatility Index. Read 's Market Analysis on Investing.com CA.
WASHINGTON (AP) — Numerous countries around the world are facing the prospect of new tariffs on their exports to the United States on Aug. 7, a potential blow to the global economy, because they haven’t yet reached a trade deal with the Trump administration.
Alphabet Inc.’s Google lost its appeal of a judge’s order requiring an overhaul of the technology giant’s app store policies in an antitrust case filed by Fortnite-maker Epic Games Inc.
TD Synnex (NYSE:SNX) has outperformed the market over the past 15 years by 5.34% on an annualized basis producing an average annual return of 17.4%. Currently, TD Synnex has a market capitalization of $11.83 billion. Buying $1000 In SNX: If ...Full story available on Benzinga.com
BANGKOK (AP) — U.S. President Donald Trump’s new tariff rates of up to 41% on U.S. imports from dozens of countries drew expressions of relief Friday from some countries that negotiated a deal or managed to whittle them down from rates announced in April. Others expressed disappointment or frustration over running out of time after hitting Trump’s Aug. 1 deadline for striking deals with America’s trading partners.
Trump signs order imposing new tariffs on a number of trading partners that go into effect in 7 days
Independence Realty Trust, Inc. (NYSE:IRT) Q2 2025 Earnings Conference Call July 31, 2025 9:00 AM ETCompany ParticipantsR - Corporate Participanth -...
President Donald Trump signed an executive order Thursday that would have new tariffs on a wide swath of U.S. trading partners to go into effect in seven days — the next step in his trade agenda that will test the...
Palantir gets $10 billion contract from U.S. Army The Washington PostView Full Coverage on Google News
Smurfit WestRock is valued at a 20% discount vs. peers. See more on SW's Q2 highlights, strong NA recovery and long-term margin growth strategy.
Numerous countries around the world are facing the prospect of much higher duties on their exports to the United States on Aug. 7 because they haven’t yet reached a trade deal with the Trump administration. Countries without an agreement face...
Second Quarter Diluted Earnings Per Share were $1.01 in 2025 vs. $0.97 in 2024Reaffirm 2025 Diluted EPS Guidance Range of $4.85 to $5.05 Per Share
SCHENECTADY — Rivers Casino & Resort has filed a grievance against the city of Schenectady in an effort to decrease its assessment by over $80 million.
It was unusual to hear “Please raise the millage rate” spoken as a public comment during a meeting about taxes in Bulloch County.
Trump's tariffs: The shock, chaos and negotiations behind Thailand's trade deal BBCFact Sheet: President Donald J. Trump Secures Unprecedented U.S.–Japan Strategic Trade and Investment Agreement The White House (.gov)Japan to Seek Car Tariff Cut, Secure Automakers’ Competitiveness BloombergUS–Japan Trade Deal Sparks Rally in Canadian Japan ETFs The Globe and MailTrump's plan to boost U.S. automakers is squeezing them instead Axios
These Are The Best Military And Intelligence Unit Watches Via Watches Of Espionage,Customized Timepieces From Rolex, Breitling, Tudor, Bremont, & Omega In the W.O.E. community, military "unit watches" are at the heart of modern watch culture. A unit watch is a timepiece that is customized by the manufacturer for members of a specific unit or organization. Customizations generally include the unit's insignia on the dial and/or an engraving on the caseback. Unit watches are generally private purchases, paid for by the individual operator, and not issued or purchased by the government.Given our position at W.O.E., I think I can safely say that no one on this planet knows more about unit watches. Whether this is something to be proud of or not, you can decide. Today, we take a look at a few of my favorite unit watches from some of Swiss watchmaking's greatest names.Since I launched W.O.E., I have noticed an uptick in unit watches. What was once reserved primarily for elite aviation and SpecOps units has trickled down to law enforcement, conventional military units, and intelligence organizations. If I can be so arrogant as to suggest it, W.O.E. has had a significant impact in bringing awareness and increasing unit watch adoption. (End Humble Brag - Break)You will notice that most of the watches in this Dispatch come from major Swiss watch brands: IWC, Breitling, Tudor, and Omega. Smaller brands like Christopher Ward, Sangin, Pagoda, Elliot Brown, and many others are making significant headway in this space. We may have to make another list. Stay tuned.US Army Delta Force Breitling SuperoceanStarting off with a bang, in 2009/2010, 1st Special Forces Operational Detachment - Delta, AKA Delta Force, commissioned a custom Breitling Superocean. The subtle unit insignia is printed on the dial at nine o'clock, and "Oppressors Beware" is engraved on the side of the case. 50 total were made. In my discussions with operators from the era, these watches were sometimes worn on operations, but they were generally reserved for time off and low-intensity training. Many former operators continue to wear the watches to this day as mementos of their service with the Army's Tier One SpecOps unit.Unit members in the late 2000s experienced some of the most sustained combat of any SpecOps operating in Iraq, Afghanistan, and in other countries as a part of the Global War on Terror (GWOT). The fact that an operator took the time to step back and commemorate this unit with a custom watch is special and indicative of the roles of timepieces as mementos among the military elite. All of the examples of the Delta Breitling we have seen are well worn after years of hard use, the way it should be.Australian SAS Omega SeamasterWe have covered Omega's modern Unit Watch program extensively, but Omega's relationship with intelligence and SOF units goes back decades. In the early 2000s, Omega produced several unit watches for the British Special Air Service (SAS) and Special Boat Service (SBS). By 2012, the Australian SAS wanted in on the action and commissioned an Omega Seamaster with the SAS Winged Dagger over the outline of Australia on the caseback. The case back is also engraved with the member's year of selection, his PMKEYS (regimental number), and "Happy Wanderer", the unit's marching song.The watches were again commissioned in 2016. The first batch could be purchased by both serving and former SASR operators, the latter only by those still serving. According to former SASR operator Andy White, the Omega Seamaster was chosen specifically due to SASR's dive capability and operators spending so much time above and below the water's surface.SGT Diddams MG, a close friend of White, was KIA in Afghanistan in 2012. In January 2021, while his family moved from Melbourne to Perth, his watch, an irreplaceable heirloom, was stolen from their car. It's identical to the one pictured, with the only differences being the selection date and his number: 95/8239384. Please keep an eye out for the watch.Italian "Polipetto" Rolex Sea-DwellerWhen it comes to unit watches, Rolex is the gold standard, having produced some of the most sought-after and collectable references (read expensive). While the British SAS Submariner and Explorer IIs are probably the most well-known, there are several more obscure references, and one of our favorites is the so-called "Polipetto", a customized 16600 Sea-Dweller made for the diving branch of the Polizia di Stato or Italian National Police.Part of the watch's charm is the unit's insignia, a stylized octopus, which is printed on the dial at nine o'clock, along with a custom caseback engraving. Among the most coveted and collectible modern Rolex sport watches, only 78 examples were produced, and of those, only 28 bear the service number of the individual diver on the caseback. In addition, the 16600 is perhaps the last great Sea-Dweller, with a 40mm case, no lame "Rolex" text on the rehaut, an aluminum bezel insert, and even lug holes on some examples. Slap an octopus insignia on there, and it's easy to see how one Polipetto example hammered for 165,100 Swiss Francs (around $207k) in 2024.Canadian Tudor Pelagos 39Tudor is arguably the leader in modern unit watches, having produced customized versions of their tool watch line for everyone from the 75th Ranger Regiment to the US Secret Service Counter Assault Team (CAT, AKA Hawkeye). It is difficult to narrow these down to a "favorite", but for the purposes of this Dispatch, I'm going to go with the custom Pelagos 39 developed for the Royal Canadian Mounted Police's Emergency Response Team (ERT).The Royal Canadian Mounted Police's Emergency Response Team (ERT) is Canada's federal tactical unit tasked with CT, high-risk arrests, and hostage rescue, a loose equivalent to FBI's Hostage Rescue Team (HRT).The watch contains an ERT crest on the dial, which represents the original teams consisting of six members and one team leader (7 maple leaves), a Cavalry sword, and a .308 rifle. The coolest part of this watch is the lume; the maple leaves are not lumed, which results in a cool contrast with the rifle and saber standing out. A total of 83 were produced and delivered in early 2025.UK' Special Reconnaissance Regiment' Rolex SubmarinerThere are military watches, and then there are modern legends. This Rolex Submariner, engraved with the insignia of the UK's Special Reconnaissance Regiment (SRR), falls squarely into the latter category. The emblem says it all: a Spartan helmet intersected by a sword, surrounded by smaller Spartan helmets, a nod to a unit that doesn't seek recognition and rarely grants it. This was produced in 2013, and Rolex ceased these unit-specific customizations not long after, handing the torch to Tudor, which continued the tradition of partnering with elite units.Watches like this SRR Submariner and the famed SAS Explorer II are among the last of their kind. Military-commissioned Rolexes with real operational provenance are increasingly rare. Last year, one was auctioned off by Sotheby's for a whopping 36k British pounds, which amounts to over $46k in real money (at the time).Will Rolex ever restart its unit watch program? It's hard to say, but we would love to see it.French Olympic Omega Seamaster Diver 300We have covered the new Omega Seamaster unit watches at length, so we won't beat a dead horse here. There have been some great unit watches developed, many of them not seen by the wider public or posted on social media.That said, there is one that stands out. Omega produced a Seamaster for the three elite French law enforcement units tasked with security for the event: GIGN, RAID, and BRI. This is one of the few examples I have seen of a unit watch developed for three separate units, which makes it stand out.Omega was the official timekeeper of the 2024 Olympics, and while marketing stuff is fun, a GIGN/RAID/BRI unit Seamaster is what really gets us going. Beyond the insignia on the case back, this is effectively the same watch as the one utilized by US Secret Service officers during the recent assassination attempt on former US President Donald Trump and a unit-specific model created for the Danish Frogman Corps.US Navy's IWC Top GunWhen it comes to aviation squadron watches, IWC Schaffhausen is king. There are numerous notable IWC squadron watches, but arguably the most well-known is the brand's partnership with the United States Navy Fighter Weapons School (the real TOPGUN). But interestingly, this didn't start as a unit watch, but a commercial endeavor.In 2007, IWC entered a commercial relationship with the US Navy, becoming an official licensee and beginning its line of TOP GUN watches. Featuring the logo of the 1980s hit movie of the same name, the series of watches became a staple of IWC's offerings with licensing fees directly funding morale, welfare, and recreation programs for US sailors, retirees, and their families.This prepared the foundation of a more organic relationship, IWC's foray into custom squadron watches. Having seen watches from the TOP GUN commercial line, pilots from the United States Navy Fighter Weapons School reached out to IWC to investigate the feasibility of making a unit watch for the Strike Fighter Tactics Instructor (SFTI) program.The result was the 2018 release of the IWC's first custom military piece: the Edition 'SFTI' in both a Pilot's Watch Mark XVIII and a Pilot's Watch Chronograph. These exclusive watches continue to be made today, but can only be purchased by TOPGUN graduates, the way it should be.US-Afghan Special Mission Wing BremontThe Special Mission Wing, AKA "the triple seven," was an Afghan unit trained and mentored by Americans for air lift assets, most notably the Russian-built Mi-17. This watch was produced by Bremont for the American servicemen supporting that unit. Bremont's custom unit watch program has produced some unique timepieces for UK, US, and Australian SOF and aviation units, and was a leader until the recent redirection of the company under CEO Davide Cerrato.The insignia at twelve o'clock is taken from the Special Operations Joint Task Force - Afghanistan insignia, while each of the numbers around the dial is representative of the Dari script. The 7 (V) is flanked by two "ghost" 7s representing the 777 Special Mission Wing (VVV). The helicopter is the Mi-17V5, which was purchased by the US government for the Government of Afghanistan and flown by both NATO and Afghan crews. Finally, the Cyrillic underneath the Bremont prop is a Russian transliteration of Bremont and is a tribute to the Russian heritage of the Mi-17.We are big fans of "Arabic dials" (in this case Dari), and this is a cool piece. Unfortunately, the 777 SMW was disbanded after the US pulled out. Many of the pilots made it to freedom, where they are working to get their families out as well.UK Special Air Service Breitling AvengerI have a hypothesis that unit watch culture in the United States Special Operations Forces originated with our cousins across the pond in the UK. In 2003/2004, approximately six years before Delta Force's unit Breitling, the UK's Special Air Service (SAS) ordered a customized unit watch, a Breitling Avenger Seawolf with the SAS insignia at nine o'clock.We spoke with former SAS Melvyn Downes about this piece, who said around 200 were produced. Only serving 22 SAS operators could purchase the watch and all were individually numbered. Some active members of SAS sold them to former members. Given the amount of cross training and deployments between UKSF and Delta, I assess with medium confidence the Delta Breitling was born out of this relationship.French Marine Nationale (MN) Tudor Pelagos FXDIn contrast to many of the watches included here, which are small batch custom versions of core models within each brand's standard civilian catalog, the Tudor Pelagos FXD owes its very existence to an elite military unit. Leaning into a partnership that started in the 1950s, the Commando Hubert, the French Navy's elite maritime special operations unit, asked Tudor to develop a new dive watch for the specific use case of its combat swimmers.With integrated "fixed" lugs and a bidirectional countdown bezel, the Commando Hubert version of the watch has only two lines of text at six o'clock: "Pelagos" and "200m" as well as a unique dive strap and custom caseback. Soon after the watch was created, Tudor released the civilian FXD in 2021 to massive fanfare among the Use Your Tools crowd, with the also-sexy black variant coming in 2023.Over the past couple of years, the Pelagos has become a popular platform for other unit watch projects, but what is even cooler about the FXD is that the watch itself was organically developed for SpecOps end users.US SEAL Team Six Tudor Pelagos FXDWhen Tudor released the "Black FXD" in September 2023, we published a Dispatch on the background of how the original Blue FXD was developed in partnership with SEAL Team Six. While we sought approval to tell the story prior to release, it gained more traction than expected, and we took it down at the request of those involved.Fast forward to today, and the cat is very much out of the bag. The watch has been posted on social media, seen at public events, and even discussed at length by a former member of the Command during a recent episode of the Unsubscribe podcast.Most recently, the watch was seen on the wrist of former Gold Squadron member, Fleet Master Chief Dave Isom, when he took over as the Senior Enlisted Advisor to the Chairman (SEAC) of the Joint Chiefs of Staff. In contrast to the commercially available version, the Gold Squadron FXD has a simpler "two-line" dial with "PELAGOS" executed in gold and "660 ft". Most visibly, the hook and loop strap boasts a gold center stripe, in contrast to the regular red stripe. Each squadron has its own version with the squadron insignia on the caseback. Very cool.Final Thoughts - Should You Collect These Watches?Decades from now, the individuals who earned these watches will have all moved on in their lives and into retirement, and their unit watches will be among the few lasting, and wearable, reminders of their service. What makes these timepieces special is that they can't be bought; they must be earned.That said, inevitably, some unit watches do end up at auction, fetching upwards of $30-50k on the open market in many cases. Watches that were originally designed and intended as keepsakes for a select few can now be purchased by the highest bidder.While it is unfortunate that some practitioners choose to part with these meaningful timepieces, I also understand that life circumstances change, and the astronomical secondary market pricing can be irresistible. That said, it is a shame that those practitioner's great-grandchildren won't be able to treasure the watches worn by their ancestors.For collectors, I understand the attraction, but I also think it is a little bit strange to wear a modern watch like this that you have no direct relationship with. No, I wouldn't go as far as to say it is "stolen valor," but there is something about it that just doesn't feel right. From a collector's standpoint, there is a difference in my mind between new "unit watches" and vintage military-issued watches. As the decades roll on, maybe my feelings will change.For me, when a watch like this comes up for auction, the life is sucked out of it. I am naive about the auction world, but from the outside looking in, it appears to be champagne and cocaine, a part of the watch industry I just don't relate to. The fact that an earned watch can be acquired by the highest bidder, who almost certainly isn't the kind of person who would have earned the watch in the first place, just doesn't pass the smell test.That said, I believe in the basic principles of capitalism and do not fault anyone involved. We see the world as it is, not as we feel it should be.* * * Seperate, but awesome.... . . Tyler DurdenThu, 07/31/2025 - 22:35
Tesla rivals XPeng and Xiaomi reported record July deliveries. Nio, Li Auto and BYD will report China EV sales too.The post Tesla Rivals XPeng, Xioami Report Record China EV Sales; Nio, Li Auto, BYD On Tap appeared first on Investor's Business Daily.
Magnolia made strides with reducing its lease operating expense. See more on MGY stock's Q2 2025 production growth, updated guidance, and cost-saving measures.
Weston family sought to avoid auction in bid for Hudson’s Bay charter The Globe and MailView Full Coverage on Google News
The billionaire family presented a $12.5-million offer for the 1670 royal charter, with plans to donate it to the Canadian Museum of History
Johnson & Johnson (NYSE:JNJ) is included among the 10 Best Dividend Stocks to Buy for Retirement. Johnson & Johnson (NYSE:JNJ) stands out as a financially strong company, being one of only two firms globally with a perfect AAA credit rating, higher than that of the US government. By the end of the second quarter, it [...]
Kamloops, B.C., CAO no longer employed by city, blames embattled mayor for his departure CBCCity lays blame for former CAO Trawin’s departure at feet of Mayor Hamer-Jackson CFJC Today KamloopsCity of Kamloops top employee resigns, blames mayor | iNFOnews | Thompson-Okanagan's News Source Infotel.ca
Record revenue, production growth, and legislative support spotlight Eos Energy's Q2 2025 progress.
A wildly prestigious house for sale in Calgary is an inner-city oasis nestled well into Upper Mount Royal, and it just saw its second hefty price drop of the year, too.Located at 2906 Marquette St. SW, the house is listed for sale at an asking price of $5,000,000 — a million dollars lower than what it was listed for earlier this summer and another million bucks lower than at the start of this year.The exceptional mansion seamlessly blends elegance with modern convenience, spanning over 7,000 square feet of total living space, and it has some pretty fun entertainment features, too.The home is designed for comfort, no matter the season, with an impressive geothermal heating system and heated driveway and walkways.Vaulted ceilings, quarter-sawn oak floors, and marble accents create an atmosphere of timeless sophistication.With four bedrooms, five full baths, and two half baths, the mansion offers plenty of space for a large family and guests. You might also like:- Calgary saw a rain-filled July, but it was nowhere near the current record- The August forecast for Alberta is out and it might be upsetting- 14 best campgrounds in Alberta to hit up over August long weekendIf you do have guests over, you’ll be able to entertain effortlessly in the spacious living room, which has park views and a double-sided gas fireplace.The modern kitchen is a chef’s dream, equipped with top-of-the-line appliances, granite countertops, and two butler’s pantries.Outdoors, the patio features an outdoor kitchen and a tranquil water feature, perfect for enjoying Calgary’s beautiful weather during the summer months.The main floor primary suite boasts a luxurious ensuite with a steam shower and a walk-in closet.Downstairs, indulge in the gym overlooking the park, a swim-in-place lap pool with an underwater treadmill, and a deluxe theatre room for movie nights.You can barely tell the difference between this home theatre and the VIP seats!If you have a sports car you want to take care of and show off, you’ll love the rotating platform. It also has a built-in Tesla charger, space for recreational vehicles, and a workshop area, per its listing.This unique mansion offers not only luxury living but also a cushy lifestyle in one of Calgary’s most sought-after neighbourhoods.If you’re on the hunt for more real estate and development in Calgary, another house in YYC just saw an even bigger drop in its listing price recently, or peep the new twin tower project that was recently announced for the downtown core.You can view the house’s full listing online.
AI is definitely taking over many jobs, but it can also help some boost their salaries.
Looking for sleep well at night stocks? Read about three stocks that could deliver strong return potential over the next five years.
NorthRock Partners LLC grew its position in Elevance Health, Inc. (NYSE:ELV – Free Report) by 7.6% in the first quarter, HoldingsChannel.com reports. The firm owned 2,230 shares of the company’s stock after acquiring an additional 158 shares during the period. NorthRock Partners LLC’s holdings in Elevance Health were worth $970,000 at the end of the [...]
North Star Asset Management Inc. lessened its holdings in Wells Fargo & Company (NYSE:WFC) by 1.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,466 shares of the financial services provider’s stock after selling 192 shares during the period. North Star Asset Management [...]
Davis R M Inc. boosted its position in Chubb Limited (NYSE:CB – Free Report) by 1.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 247,962 shares of the financial services provider’s stock after purchasing an additional 2,559 shares during the period. Chubb makes [...]
Natixis Advisors LLC increased its stake in Southern Company (The) (NYSE:SO – Free Report) by 6.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,097,935 shares of the utilities provider’s stock after buying an additional 68,617 shares during the period. Natixis Advisors LLC [...]
North Star Asset Management Inc. boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 13.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,345 shares of the company’s stock after acquiring an additional 1,116 shares during the [...]
North Star Asset Management Inc. lowered its position in shares of McCormick & Company, Incorporated (NYSE:MKC – Free Report) by 30.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,903 shares of the company’s stock after selling 1,290 shares during the [...]
Private Advisory Group LLC raised its position in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 52.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,059 shares of the company’s stock after purchasing an additional 9,660 shares during the [...]
Explore why Microsoft partners deeply with OpenAI, leveraging advanced AI models and the Azure cloud to dominate the future of artificial intelligence innovation.
TradeLink Capital LLC bought a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR – Free Report) during the 1st quarter, Holdings Channel reports. The institutional investor bought 600 shares of the company’s stock, valued at approximately $221,000. Charter Communications comprises approximately 1.4% of TradeLink Capital LLC’s holdings, making the stock its 26th largest holding. [...]
TradeLink Capital LLC acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 600 shares of the company’s stock, valued at approximately $221,000. Charter Communications comprises about 1.4% of [...]
Davis R M Inc. boosted its stake in Eaton Corporation, PLC (NYSE:ETN – Free Report) by 1.2% in the first quarter, HoldingsChannel reports. The firm owned 198,030 shares of the industrial products company’s stock after acquiring an additional 2,401 shares during the period. Eaton accounts for about 1.1% of Davis R M Inc.’s holdings, making [...]
RALEIGH, N.C. (WNCN) – This Job Alert starts with a question: when you were about 13 years old, what was your dream career? Fortune Magazine polled 910 Gen Alphas, kids between ages 12 and 15, what their dream career was. At the top of the top 10 list, one-third said "YouTuber," while "TikTok creator" was [...]
Just months after I rated the stock as a Sell, Home Depot is already underperforming the equity market.
Lori Calvasina, RBC Capital Markets head of U.S. equity strategy, joins CNBC's 'Squawk on Street' to discuss market outlooks.
The Securities and Exchange Commission on Thursday debuted “Project Crypto,” an initiative to modernize securities regulations to allow for crypto-based trading. The announcement comes amid a surge of interest in tokenization, the process of issuing digital representations on a blockchain of publicly-traded securities or other assets. SEC Chair Paul Atkins discussed the importance of preventing crypto companies from being driven offshore by “one-size-fits-all rules.”The Securities and Exchange Commission on Thursday debuted “Project Crypto,” an initiative to modernize securities rules and regulations to allow for crypto-based trading.“To achieve President Trump’s vision of making America the crypto capital of the world, the SEC must holistically consider the potential benefits and risks of moving our markets from an off-chain environment to an on-chain one,” SEC chair Paul Atkins said in remarks to an “American Leadership in the Digital Finance Revolution” conference Thursday afternoon , referring to blockchain technology that enables cryptocurrencies, but has other applications as well.“I have directed the Commission staff to update antiquated agency rules and regulations to unleash the potential of on-chain software systems in our securities markets ... Federal securities laws have always assumed the involvement of intermediaries that require regulation, but this does not mean that we should interpose intermediaries for the sake of forcing intermediation where the markets can function without them.”The announcement comes amid a groundswell of investor interest in tokenization, or the process of issuing digital representations on a blockchain network of publicly-traded securities, real world assets or any other form of value. Holders of tokenized assets don’t have outright ownership of the assets themselves. BlackRock CEO Larry Fink has said he sees the “tokenization of every financial asset” as an important step in “the technological revolution in the financial markets.”Crypto trading platforms Robinhood, Gemini and Kraken have all opened tokenized equity offerings to users outside the U.S., and Coinbase has said it’s pushing for SEC for approval to offer a similar service.Super appsAtkins, the SEC chair, highlighted “super apps” (such as one Coinbase introduced two weeks ago) as a priority of his chairmanship, noting the need to allow the apps to thrive with an “efficient licensing structure,” rather than subject to multiple regulatory authorities.So-called super apps like WeChat and Alipay – which bundle several different services and functionalities into a single mobile app – have long been viewed as the holy grail of financial technology by the industry. They’re central to everyday life in China but haven’t been successfully replicated in the West. Meta Platforms and X have made attempts to realize that vision, integrating payments, messaging and social content, among other functions. Atkins also said the Trump administration will work to prevent “innovative” companies from being driven offshore by burdensome regulations, and said the SEC “will encourage our nation’s builders rather than constrain them with red tape and one-size-fits-all rules.”The SEC proposal comes one day after the President’s Working Group on Digital Asset Markets released a long-awaited report with recommendations for the SEC and other federal agencies to build a framework to boost U.S. dominance in digital asset markets. Atkins said he has directed the SEC’s Crypto Task Force, led by Commissioner Hester Peirce, to work with other parts of the SEC to implement the working group recommendations.The Thursday conference was sponsored by the America First Policy Institute, a think tank begun in 2021 to promote President Trump’s policy agenda. The institute was founded by Brooke Rollins, the current Secretary of Agriculture, and Larry Kudlow, Trump’s former director of the National Economic Council. Jefferies sees Mike Novogratz’s Galaxy Digital rallying another 20%Bitcoin could pull back with equities in the coming weeks, warns Piper SandlerEther is starting to outperform bitcoin – and further gains could be ahead for the crypto, charts show
Repligen (NASDAQ:RGEN) has been in a steady downtrend for over 1400 days. Adhishthana principles suggest the weakness is likely to continue. Here’s a breakdown of the stock's current structure.Monthly Chart: Cakra Breakout and Himalayan FormationAccording to Adhishthana principles, a stock typically breaks out of its Cakra pattern in Phase 9, which starts a strong upward move. This marks the beginning of the Himalayan Formation, a rally that leads to a peak followed by a decline.Fig.1 Repligen Stock Himalayan Formation (Source: Adhishthana.com )Repligen followed this exact sequence. The stock broke out in Phase 9 and rallied by ~100%. That momentum accelerated in Phase 10 with a steep ~429% rally. Usually, a peak is expected between the 18th and 23rd bars of Phase 10. However, Repligen ...Full story available on Benzinga.com
China’s factory output shrank more than expected in July, official data showed on Thursday, logging its fourth straight month of contraction as Beijing battles to hammer out a trade deal with the United States. The Purchasing Managers’ Index — a key measure of industrial output — came in at 49.3, the National Bureau of Statistics [...]The post China manufacturing sinks again in July as US trade talks stall appeared first on Digital Journal.
Discover the details of the new U.S.–South Korea trade deal announced by President Trump, including tariff changes, investments, and market impacts.
President Donald Trump has signed an executive order to impose his threatened 50% tariffs on Brazil
The following slide deck was published by JDE Peet's N.V.
Dogecoin and Sei are strong, but Pepeto’s 80x upside potential and zero-fee ecosystem make it the best crypto under $1 before 2025.
The state's attorney general is defending a law that requires parental consent for children to access certain online platforms.
JDE Peet's N.V. (OTCPK:JDEPF) Q2 2025 Earnings Conference Call July 30, 2025 4:00 AM ETCompany ParticipantsRafael de Oliveira - CEO & Executive...
Is AI causing tech worker layoffs? That's what CEOs suggest, but the reality is complicated
Carlos Casanova says inflation and the domestic political uncertainty in Japan may affect the timing of Bank of Japan's decision to hike rates, but still expects a 25 basis point hike by the end of 2025. He also says the pace of yen appreciation is going to likely be more gradual than expected.
Officials have confirmed that two girls and a relative died in an explosion at a Nebraska biofuels plant
LXP Industrial Trust (NYSE:LXP) Q2 2025 Earnings Conference Call July 30, 2025 8:30 AM ETCompany ParticipantsHeather Gentry - Executive Vice President of...
Digital growth strategy accelerated with the announced acquisition of leading credit card issuing platformRen signs agreement with top tier United States bankMoney Transfer expands digital remittance through Google partnershipMoney Transfer enters Japanese market with acquisition of Kyodai RemittanceOperating margin expansion of 112 basis pointsLEAWOOD, Kan., July 30, 2025 (GLOBE NEWSWIRE) -- Euronet ("Euronet" or the "Company") (NASDAQ:EEFT), a global leader in payments processing and cross-border transactions, announced today second quarter 2025 financial results.Euronet reports the following consolidated results for the second quarter 2025 compared with the same period of 2024:Revenues of $1,074.3 million, a 9% increase from $986.2 million (6% increase on a constant currency1 basis).Operating income of $158.6 million, an 18% increase from $134.3 million (13% increase on a constant currency basis).Adjusted EBITDA2 of $206.2 million, a 16% increase from $178.2 million (11% increase on a constant currency basis).Net income attributable to Euronet of $97.6 million, or $2.27 diluted earnings per share, compared with $83.1 million, or $1.73 diluted earnings per share.Adjusted earnings per share3 of $2.56, a 14% increase from $2.25. See the reconciliation of non-GAAP items in the attached financial schedules. "I'm very pleased with the business' constant currency operating profit growth of 13% and the margin expansion of 112 basis points—on its own, this is exciting. But, I'm more excited about our accomplishments to further our digital strategy through the acquisition of a leading credit card issuing platform – CoreCard - and the signing of a Ren agreement with one of the top three banks in the United States. The acquisition of CoreCard fits nicely with our Ren platform. As described in a separate press release, this is not just a credit issuing platform, it's a platform serving leading brands in the US, processing at scale, tried and tested. This premier product gives us yet more opportunity to go after the $10 billion issuing market where the market growth rates are much stronger outside the United States, which aligns strongly with our global business where more than 75% of our revenues are from outside the United States. Moreover, another exciting aspect of the issuing business is its margin opportunity, nearing 50 percent. It's these kinds of initiatives that have contributed to our 20-year double digit growth rate and will continue to drive future growth – focused on digital payments. This acquisition is directly in line with our strategy to shift a stronger mix of our business toward the digital economy. Not only did we advance our digital agenda with the credit issuing platform, we just signed an agreement with one of the top three banks in the United States for the deployment of our Ren ATM operating and switching product. While we have had many successes with Ren outside the US, this is not just the first agreement in the US we've signed, but it is with super impressive top-tiered bank – a real testament to the value proposition of Ren", said Michael J. Brown, Euronet's Chairman and Chief Executive Officer.Segment and Other ResultsThe EFT Processing Segment reports the following results for the second quarter 2025 compared with the same period or date in 2024:Revenues of $338.5 million, an 11% increase from $305.4 million (6% increase on a constant currency basis).Operating income of $84.6million, a 6% increase from $79.9 million (1% increase on a constant currency basis).Adjusted EBITDA of $110.6 million, a 5% increase from $105.0 million (no change on a constant currency basis).Total of 57,326 installed ATMs as of June 30, 2025, a 5% increase from 54,736. We operated 56,760 active ATMs as of June 30, 2025, a 5% increase from 54,005 as of June 30, 2024.Constant currency revenue, operating income, and adjusted EBITDA growth in the second quarter 2025 was driven by market expansion, growth across most existing markets and the addition of access fees and an increase in interchange fees in certain markets. The epay Segment reports the following results for the Q2 2025 compared with the same period or date in 2024:Revenues of $280.1 million, a 7% increase from $260.9 million (5% increase on a constant currency basis).Operating income of $31.1 million, a 19% increase from $26.2 million (17% increase on a constant currency basis).Adjusted EBITDA of $32.8 million, a 17% increase from $28.0 million (15% increase on a constant currency basis).Transactions of 1,107 million, consistent with prior year.POS terminals of approximately 721,000 as of June 30, 2025, a 3% increase from 703,000.Retailer locations of approximately 354,000 as of June 30, 2025, a 4% increase from 340,000.Constant currency revenue growth was driven by continued payments and digital media growth. Operating income and adjusted EBITDA grew faster than revenue, driven by a shift in product mix and effective operating expense management. Transaction growth from payments and digital media was offset by a decrease in low margin mobile transactions in India.The Money Transfer Segment reports the following results for the Q2 2025 compared with the same period or date in 2024:Revenues of $457.9 million, a 9% increase from $421.8 million (6% increase on a constant currency basis).Operating income of $65.6 million, a 39% increase from $47.3 million (33% increase on a constant currency basis).Operating margin expansion of 296 basis pointsAdjusted EBITDA of $71.6 million, a 33% increase from $54.0 million (28% increase on a constant currency basis).Total transactions of 46.1 million, a 4% increase from 44.3 million.Total digital transactions of 5.8 million, a 29% increase from 4.5 million.Network locations of approximately 631,000 as of June 30, 2025, an 8% increase from approximately 586,000.Constant currency revenue growth was primarily driven by growth in cross-border transactions, partially offset by a decrease in intra-US transactions. Direct-to-consumer digital transactions grew by 29%, reflecting continued consumer demand for digital products. Operating income and adjusted EBITDA growth outpaced revenue growth due to gross margin expansion and leverage of scale. Additionally, the Money Transfer segment continued to expand both its market footprint through the acquisition of a 60% interest in Kyodai Remittance as well as its industry leading global payments network to now reach 4.1 billion bank accounts, 3.2 billion wallet accounts and 631,000 payment locations.Corporate and Other reports $22.7 million of expense for the second quarter 2025 compared with $19.1 million for the second quarter 2024. The increase in corporate expenses is largely from the increase in long-term share-based compensation.Balance Sheet and Financial PositionUnrestricted cash and cash equivalents on hand was $1,329.3 million as of June 30, 2025, compared to $1,393.6 million as of March 31, 2025. Total indebtedness was $2,438.1 million as of June 30, 2025, compared to $2,202.5 million as of March 31, 2025. Availability under the Company's revolving credit facilities was approximately $884.2 million as of June 30, 2025. The change in net cash is the result of cash generated from operations, working capital fluctuations and share repurchases of $2.3 million shares for $247 million during the second quarter.OutlookTaking into consideration recent trends in the business and the global economy, the Company anticipates its 2025 adjusted EPS will grow 12% to 16% year-over-year, consistent with its 10- and 20-year compounded annualized growth rates. This outlook does not include any changes that may develop in foreign exchange rates, interest rates or other unforeseen factors.Non-GAAP MeasuresIn addition to the results presented in accordance with U.S. GAAP, the Company presents non-GAAP financial measures, such as constant currency financial measures, operating income, adjusted EBITDA, and adjusted earnings per share. These measures should be used in addition to, and not a substitute for, revenues, operating income, net income and earnings per share computed in accordance with U.S. GAAP. We believe that these non-GAAP measures provide useful information to investors regarding the Company's performance and overall results of operations. These non-GAAP measures are also an integral part of the Company's internal reporting and performance assessment for executives and senior management. The non-GAAP measures used by the Company may not be comparable to similarly titled non-GAAP measures used by other companies. The attached schedules provide a full reconciliation of these non-GAAP financial measures to their most directly comparable U.S. GAAP financial measure.The Company does not provide a reconciliation of its forward-looking non-GAAP measures to GAAP due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for GAAP and the related GAAP and non-GAAP reconciliation, including adjustments that would be necessary for foreign currency exchange rate fluctuations and other charges reflected in the Company's reconciliation of historic numbers, the amount of which, based on historical experience, could be significant. (1) Constant currency financial measures are computed as if foreign currency exchange rates did not change from the prior period. This information is provided to illustrate the impact of changes in foreign currency exchange rates on the Company's results when compared to the prior period.(2) Adjusted EBITDA is defined as net income excluding, to the extent incurred in the period, interest expense, income tax expense, depreciation, amortization, share-based compensation and other non-cash purchase accounting adjustments, non-operating or non-recurring items that are considered expenses or income under U.S. GAAP. Adjusted EBITDA represents a performance measure and is not intended to represent a liquidity measure.(3) Adjusted earnings per share is defined as diluted U.S. GAAP earnings per share excluding, to the extent incurred in the period, the tax-effected impacts of: a) foreign currency exchange gains or losses, b) share-based compensation, c) acquired intangible asset amortization, d) non-cash income tax expense, e) non-cash investment gain f) other non-operating or non-recurring items and g) dilutive shares relate to the Company's convertible bonds. Adjusted earnings per share represent a performance measure and is not intended to represent a liquidity measure. Conference Call and Slide PresentationEuronet Worldwide will host an analyst conference call on July 31, 2025, at 9:00 a.m. Eastern Time to discuss these results. The call may also include discussion of Company developments on the Company's operations, forward-looking information, and other material information about business and financial matters. The conference call and accompanying slide show presentation will be accessible via webcast by following the link posted on http://ir.euronetworldwide.com. Participants wanting to access the conference call by telephone should dial (800)715-9871 (USA) or (646)307-1963 (international).A webcast replay will be available beginning approximately one hour after the event at http://ir.euronet worldwide.com and will remain available for one year.About Euronet Worldwide, Inc.A global leader in payments processing and cross-border transactions, Euronet moves money in all the ways consumers and businesses depend upon. This includes money transfers, credit/debit processing, ATMs, point-of-sale services, branded payments, currency exchange and more. With products and services in more than 200 countries and territories provided through its own brand and branded business segments, Euronet and its financial technologies and networks make participation in the global economy easier, faster and more secure for everyone. Visit the company's website at www.euronetworldwide.com.Starting in Central Europe in 1994, Euronet now supports an extensive global real-time digital and cash payments network that includes 57,326 installed ATMs, approximately 1.2 million EFT point-of-sale terminals and a growing portfolio of outsourced debit and credit card services which are under management in 69 countries; card software solutions; a prepaid processing network of approximately 721,000 point-of-sale terminals at approximately 354,000 retailer locations in 64 countries; and a global money transfer network of approximately 631,000 locations serving 200 countries and territories with digital connections to 4.1 billion bank accounts, 3.2 billion digital wallet accounts and 4.0 billion Visa debit cards through Visa Direct payments. Euronet serves clients from its corporate headquarters in Leawood, Kansas, USA, and 67 worldwide offices. For more information, please visit the company's website at www.euronetworldwide.com.Cautionary Statement Regarding Forward-Looking StatementsThis communication contains "forward-looking statements" within the United States Private Securities Litigation Reform Act of 1995. You can identify these statements and other forward-looking statements in this document by words such as "may," "will," "should," "can," "could," "anticipate," "estimate," "expect," "predict," "project," "future," "potential," "intend," "plan," "assume," "believe," "forecast," "look," "build," "focus," "create," "work," "continue," "target," "poised," "advance," "drive," "aim," "forecast," "approach," "seek," "schedule," "position," "pursue," "progress," "budget," "outlook," "trend," "guidance," "commit," "on track," "objective," "goal," "strategy," "opportunity," "ambitions," "aspire" and similar expressions, and variations or negative of such terms or other variations thereof. Words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such statements regarding the transactions contemplated by the Agreement and Plan of Merger (the "Merger Agreement'), dated as of July 30, 2025, by and among CoreCard, Euronet and Genesis Merger Sub Inc. (the "Transaction"), including the expected timing of the closing of the Transaction; future financial and operating results; benefits and synergies of the Transaction; future opportunities for the combined company; the conversion of equity interests contemplated by the Merger Agreement; the issuance of common stock of Euronet contemplated by the Merger Agreement; the expected filing by Euronet with the SEC of the Registration Statement and the proxy statement/prospectus; the ability of the parties to complete the proposed Transaction considering the various closing conditions and any other statements about future expectations that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All such forward-looking statements are based upon current plans, estimates, expectations and ambitions that are subject to risks, uncertainties and assumptions, many of which are beyond the control of Euronet and CoreCard, that could cause actual results to differ materially from those expressed in such forward-looking statements. Key factors that could cause actual results to differ materially include, but are not limited to, the expected timing and likelihood of completion of the Transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the Transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive agreement; the possibility that CoreCard's shareholders may not approve the Transaction; the risk that the parties may not be able to satisfy the conditions to the Transaction in a timely manner or at all; risks related to disruption of management time from ongoing business operations due to the Transaction; the risk that any announcements relating to the Transaction could have adverse effects on the market price of Euronet's common stock; the risk that the Transaction and its announcement could have an adverse effect on the parties' business relationships and business generally, including the ability of CoreCard or Euronet to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers, and on their operating results and businesses generally; the risk of unforeseen or unknown liabilities; customer, shareholder, regulatory and other stakeholder approvals and support; the risk of potential litigation relating to the Transaction that could be instituted against CoreCard or its directors and/or officers; the risk associated with third party contracts containing material consent, anti-assignment, transfer or other provisions that may be related to the Transaction which are not waived or otherwise satisfactorily resolved; the risk of rating agency actions and Euronet's ability to access short- and long-term debt markets on a timely and affordable basis; the risk of various events that could disrupt operations, including: conditions in world financial markets and general economic conditions; inflation; the war in Ukraine and the related economic sanctions; and military conflicts in the Middle East.These risks, as well as other risks related to the proposed Transaction, will be described in the Registration Statement that will be filed with the SEC in connection with the proposed Transaction. While the list of factors presented here and the list of factors to be presented in the Registration Statement are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Additional factors that may affect future results are contained in each company's filings with the SEC, including each company's most recent Annual Report on Form 10-K, as it may be updated from time to time by quarterly reports on Form 10-Q and current reports on Form 8-K, all of which are available at the SEC's website http://www.sec.gov. Euronet regularly posts important information to the investor relations section of its website. Any forward-looking statements made in this release speak only as of the date of this release. Except as may be required by law, neither Euronet nor CoreCard intends to update these forward-looking statements and undertakes no duty to any person to provide any such update under any circumstances.Important Information for Investors and StockholdersIn connection with the proposed transaction, Euronet plans to file with the SEC a registration statement on Form S-4 (the "Registration Statement"), which will include a proxy statement of CoreCard that also constitutes a prospectus of Euronet, and any other documents in connection with the transaction. After the Registration Statement has been declared effective by the SEC, the definitive proxy statement/prospectus will be sent to the holders of common stock of CoreCard. INVESTORS AND SHAREHOLDERS OF CORECARD AND EURONET ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND ANY OTHER DOCUMENTS FILED OR TO BE FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT EURONET, CORECARD, THE TRANSACTION AND RELATED MATTERS. The registration statement and proxy statement/prospectus and other documents filed by Euronet or CoreCard with the SEC, when filed, will be available free of charge at the SEC's website at www.sec.gov. Alternatively, investors and stockholders may obtain free copies of documents that are filed or will be filed with the SEC by Euronet, including the registration statement and the proxy statement/prospectus, on Euronet's website at https://ir.euronetworldwide.com/for-investors, and may obtain free copies of documents that are filed or will be filed with the SEC by CoreCard, including the proxy statement/prospectus, on CoreCard's website at https://investors.CoreCard.com/. The information included on, or accessible through, Euronet's or CoreCard's website is not incorporated by reference into this press release.No Offer or SolicitationThis press release is not intended to and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to appropriate registration or qualification under the securities laws of such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.Participants in the SolicitationEuronet and CoreCard and their respective directors, executive officers and other employees may be deemed to be participants in the solicitation of proxies from CoreCard's shareholders in connection with the proposed Transaction. A description of participants' direct or indirect interests, by security holdings or otherwise, will be included in the proxy statement/prospectus relating to the proposed Transaction when it is filed with the SEC. Information regarding Euronet's directors and executive officers is contained in the definitive proxy statement, dated April 4, 2025, for its 2025 annual meeting of stockholders, and in Euronet's Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Information regarding CoreCard's directors and executive officers is contained in CoreCard's definitive proxy statement, dated April 14, 2025, for its 2025 annual meeting of shareholders, and CoreCard's Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Additional information regarding ownership of Euronet's securities by its directors and executive officers, and of ownership of CoreCard's securities by its directors and executive officers, is included in each such person's SEC filings on Forms 3 and 4. These documents and the other SEC filings described in this paragraph may be obtained free of charge as described above under the heading "Important Information for Investors and Stockholders." EURONET WORLDWIDE, INC. Condensed Consolidated Balance Sheets (in millions) As of June 30, As of 2025 December 31, (unaudited) 2024ASSETS Current assets: Cash and cash equivalents$1,329.3 $1,278.8ATM cash 937.4 643.8Restricted cash 40.3 9.2Settlement assets 1,547.1 1,522.7Full story available on Benzinga.com
Cadence To Pay $140 Million For Selling Chip Design Tech To Blacklisted Chinese University Authored by Bill Pan via The Epoch Times (emphasis ours),Cadence Design Systems, a leading developer of electronic design automation (EDA) software and hardware, has agreed to pay a $140 million fine to settle claims that it illegally sold semiconductor design technology to a Chinese military university on the U.S. government’s export blacklist.The logo of Cadence Design Systems outside the company's offices in San Jose, Calif., on Jan. 31, 2020. Stephen Nellis/ReutersThe San Jose-based technology company admitted wrongdoing as part of a plea agreement announced on July 28 by the U.S. Attorney’s Office for the Northern District of California.In the agreement, Cadence admitted to selling $45.3 million worth of export-controlled products and services to China’s National University of Defense Technology (NUDT) without a license to do so. The university, established and supervised by the Chinese Communist Party’s Central Military Commission, was added to the U.S. Department of Commerce’s Entity List in 2015 for using American-origin components to build supercomputers to simulate nuclear blasts and other military activities.According to prosecutors, from February 2015 to April 2021, employees of Cadence’s China-based subsidiary sold and installed EDA hardware to NUDT’s campus. University personnel were also able to download EAD software and intellectual property from Cadence’s portals, even though Cadence employees knew NUDT was a blacklisted entity.Internal company communications revealed that Cadence employees were informed by their export control officer on the day NUDT was added to the Entity List, prosecutors said. Nevertheless, they continued working with a front company known as CSCC, an alias for NUDT.In one instance, Cadence’s then-head of sales in China instructed colleagues to refer to their customer as CSCC in English and NUDT only in Chinese characters to obscure the nature of the transactions, writing that “the subject [was] too sensitive,” according to prosecutors.Cadence has agreed to pay nearly $118 million in criminal penalties. In parallel, the Commerce Department resolved a civil enforcement action with Cadence, resulting in an additional $95 million in civil fines.As part of a coordinated settlement, the Departments of Justice and Commerce agreed to credit a portion of Cadence’s payments toward the other agency’s fines. After accounting for cross-crediting, Cadence will pay more than $140 million in combined criminal and civil penalties and asset forfeitures.In addition, the company has agreed to a three-year probationary period, during which it must enhance export compliance protocols, cooperate with any ongoing investigations, and submit to government audits every year.U.S. Attorney Craig H. Missakian of the Northern District of California called the settlement a “positive step” toward demonstrating “corporate responsibility.”“Export controls safeguard America’s advanced technological know-how from falling into the wrong hands, which is particularly important in the Silicon Valley as the epicenter of groundbreaking innovation,” Missakian said in a statement.In a notice filed with the Securities and Exchange Commission, Cadence said it is “pleased to have reached these settlements” and “believes they are in the best interests of Cadence, its customers and its stockholders.”The plea agreement still needs a federal judge’s approval.China remains the world’s largest market for semiconductors and related technologies, but rising national security concerns have led to increased scrutiny and restrictions on American firms doing business there.Some of those restrictions have been relaxed recently. Earlier this month, the Commerce Department told Cadence, Synopsys, and Germany’s Siemens that it was lifting the requirement to obtain a license before exporting EDA tools to China.The policy change comes as part of the agreement reached during trade talks in London and Geneva, aimed at easing trade tensions and rolling back escalating tariffs. In return, China agreed to resume exports of rare earth elements and the magnets made from them, which are critical to both defense and high-tech manufacturing industries. Tyler DurdenWed, 07/30/2025 - 22:35
The Ocean Cleanup and Kia collaborate with the Guatemalan Government and partners to prevent one of the world’s largest plastic pollution flows reaching the ocean Targeting 20,000 tons of waste carried annually by Motagua River and Las Vacas River Latest step in Kia’s longstanding strategic partnership with The Ocean Cleanup ... [continued]The post The Ocean Cleanup & Kia Support Guatemala with Initiative to Stop Plastic Pollution From Reaching the World’s Oceans appeared first on CleanTechnica.
Trump's latest tariff deadline is approaching. Here are the trade deals the US has announced so far
Wall Street is reportedly growing impatient with the pace of Apple’s artificial intelligence efforts. [contact-form-7] Apple has not been transparent about its strategy, while its competitors have announced plans for new AI-centered data centers and devices, CNBC reported Wednesday (July 30). The company’s stock is down 15% this year as of Tuesday’s close, making it [...]The post Investors Grow Impatient With Apple’s AI Efforts appeared first on PYMNTS.com.
U.S. stocks were higher, with the Dow Jones index gaining around 0.1% on Wednesday.Shares of Teradyne Inc (NASDAQ:TER) rose sharply during Wednesday's session following better-than-expected Q2 EPS and sales.Teradyne reported quarterly earnings of 57 cents per share which beat the analyst consensus estimate of 54 cents per share. The company reported quarterly sales of $651.797 million which beat the analyst consensus estimate of $647.908 million.Teradyne shares jumped 18.3% to $107.13 on Wednesday.Here are some other big stocks recording gains in today’s session.Super X AI Technology Ltd (NASDAQ:SUPX) shares jumped 59.9% to $25.77. Super X AI Technology announced the launch of its latest flagship product — the SuperX XN9160-B200 AI Server.Wingstop Inc (NASDAQ:WING) gained 25% to $362.58 after the company reported better-than-expected second-quarter EPS and sales.FTAI Aviation Ltd (NASDAQ:FTAI) ...Full story available on Benzinga.com
Jeep, Dodge, Chrysler's parent company recognizes it made a huge mistake when it got rid of some fan favorites.
Amazon’s artificial intelligence licensing deal with The New York Times reportedly carries an eight-figure annual price tag. [contact-form-7] The tech giant will pay the news company between $20 million and $25 million per year for content to train its AI models, The Wall Street Journal (WSJ) reported Wednesday (July 30), citing unnamed sources. The previously [...]The post Amazon to Pay NYT Up to $25 Million for AI Licensing appeared first on PYMNTS.com.
A spa and wellness retreat business in Fishlake near Doncaster has been put on the market, with a £1.3m price tag, with commercial property estate agent Ernest Wilson, part of Eddisons.
As Europe continues to fight rising inflation and geopolitical instability, the United Kingdom stands out from the rest of continent for one particular reason. The UK has its own fight with a massive $9.6 trillion in external debt, a figure that practically dwarfs the combined military budgets of most NATO members. Although much of this [...]The post United Kingdom Tops Europe in External Debt With $9.6 Trillion appeared first on 24/7 Wall St..
Houlihan Lokey (NYSE:HLI) has outperformed the market over the past 10 years by 12.31% on an annualized basis producing an average annual return of 24.07%. Currently, Houlihan Lokey has a market capitalization of $13.57 billion. Buying $1000 In HLI: If ...Full story available on Benzinga.com
Opendoor stock is in focus after its management a delayed shareholder vote on a reverse stock split.
Explore July’s best 100x cryptos including Troller Cat, SPX6900, and Official Trump with presales, staking, and deflationary models that stand out.
PITTSBURGH, July 30, 2025 /PRNewswire/ -- "I wanted to create a new transmission pan to prevent leakage when removing fluid or replacing the filter," said an inventor, from Cullman, Ala., "so I invented the TRANSMISSION DRAIN PLUG. My design would greatly simplify the process of servicing...
President Donald Trump said India would face a 25% tariff on Aug. 1 and promised other penalties over the country's Russian energy and military buys.
NOTICE OF AVAILABILITY OF THEHALF-YEARLY FINANCIAL REPORT AS OF JUNE 30, 2025Christian Dior half-yearly financial report as of June 30, 2025 (French version) has been filed with the Autorité des Marchés Financiers ...Full story available on Benzinga.com
Mark Zuckerberg promises you can trust him with superintelligent AI The VergeZuckerberg shares AI 'personal superintelligence' vision after spending billions on top talent CNBCWill Mark Zuckerberg’s secret, multibillion-dollar AI plan win over Wall Street? Financial TimesMicrosoft, Meta Face Investor Scrutiny Over AI Spending Binge Bloomberg.comZuckerberg says AI superintelligence is 'in sight,' touts 'new era of personal empowerment' NBC News
CALGARY, Alberta, July 30, 2025 (GLOBE NEWSWIRE) -- Reeflex Solutions Inc. (TSXV:RFX) ("Reeflex" or the "Company") today announced its financial results for the three and nine months ended May 31, 2025. Unless otherwise noted, all financial figures are presented in Canadian dollars.Third Quarter Fiscal 2025 HighlightsRevenue of $3.3 million, up 40.2% from $2.4 million in Q2 2025 and compared to $3.8 million for the same period in fiscal 2024.Adjusted EBITDA of $0.4 million, compared to $0.03 million in Q2 2025.Net loss of $3.2 million, including a one-time $3.4 million non-cash listing expense; excluding this item, normalized net income of $0.3 millionPositive working capital of $3.9 million as at May 31, 2025 with minimal bank debtRecurring parts and service revenue from installed base of coiled tubing injectors accounted for approximately $4.3 million (47.9%) for the nine months ended May 31, 2025.Open Sales Orders of $5.8 million as at May 31, 2025Commentary"Following a challenging first half impacted by deferred capital spending by our customer base, Reeflex experienced improved operating results in the third quarter," said John Babic, Chief Executive Officer of Reeflex. "Our recurring revenue model continues to provide a stable foundation for growth, and we are seeing positive signs of recovery in customer purchasing activity. Backed by a strong balance sheet and disciplined cost structure, we're continuing to invest in targeted growth initiatives - enhancing our products, pursuing new market opportunities, and exploring strategic partnerships that align with our core strengths. We're optimistic about the path ahead."Financial Summary$ in millions (except per share amounts)Three months ended May 31,Nine months ended May 31, 2025 2024 2025 2024Revenue$3.3$3.8Full story available on Benzinga.com
If you have August long weekend travel plans in Alberta, you may want to fuel up today because a gas price analysis service forecasts an increase soon.Gas Wizard predicts prices will see a hefty jump by approximately eight cents per litre to hit $1.329 in Calgary and nine cents per litre to hit $1.299 in Edmonton on Thursday, July 31.The price of premium fuel is also set to increase by a whopping 10 cents per litre in both Calgary and Edmonton, while diesel prices are forecast to bump up by two cents per litre in both cities. You might also like:- The August forecast for Alberta is out and it might be upsetting- 14 best campgrounds in Alberta to hit up over August long weekend- House next door to Edmonton Oilers owner Daryl Katz listed for over $4.2MDespite the jump at the pump, Alberta still has some of the lowest gas prices in Canada, with the highest prices currently in Labrador City at $1.66 and Vancouver at $1.65. It could be worse, we guess?So, text your friends and call your parents to warn them to try and stop at the nearest gas station they can find before tomorrow. We have to save as much coin as we can to enjoy all the road trips this summer, and we recommend checking out two spots in Alberta that were just named some of the most beautiful in Canada, or nine spots and cities in the province that are underrated.If you have travel plans soon, take a peek at how the August forecast is shaping up for Alberta, too.You can check out more about gas price predictions in Alberta on the Gas Wizard website.
The S&P 500 gave up earlier gains and closed lower after Federal Reserve Chair Jerome Powell signaled the central bank isn’t ready to cut rates, as it assesses the impact of President Donald Trump’s higher tariff levels on the inflation picture.The broad market index slipped 0.1%, after gaining 0.4% earlier in the session. The Dow Jones Industrial Average slipped 171 points, or 0.4%. The Nasdaq Composite lost 0.2%.Investors parsed Powell’s comments at a press conference for insights into the Fed’s next move — after it didn’t budge on rates following its July meeting. Powell said that the central bank has “made no decisions” about a potential policy change in September.“Our obligation is to keep longer term inflation expectations well anchored and to prevent a one time increase in the price level from becoming an ongoing inflation problem,” Powell said. “Higher tariffs have begun to show through more clearly to prices of some goods, but their overall effects on economic activity and inflation remain to be seen.”The comments poured cold water on traders hoping for a rate cut in September and at least another decrease before the year is out. Treasury yields jumped as Powell signaled it may take a bit to assess the effect of tariffs on consumer prices.The central bank’s decision to keep rates the same was not unanimous, however, with Fed governors Michelle Bowman and Christopher Waller dissenting. Both were in favor of a quarter-point cut at the current policy meeting.“Powell isn’t buckling under the political pressure to cut rates, so markets needed to reprice the overall level of the Fed Funds rate going out a few months,” said Jamie Cox, managing partner at Harris Financial Group. “The reaction function wasn’t that bad, largely because it’s clear where rates are headed, despite Powell’s current ability to enforce the wait and see.”It was the second day off losses for Wall Street following a streak of seven record highs for the S&P 500. Major averages started the day mostly in the green, encouraged by a better-than-expected GDP report that signaled to some that the economy was weathering higher tariff rates.The post-Fed losses were led by consumer-focused stocks like Home Depot, which could benefit from lower rates.Tariff effects on inflation still need to be seen, Powell saysJonathan Ernst | ReutersU.S. Federal Reserve Chair Jerome Powell gestures during a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy in Washington, D.C., U.S., July 30, 2025. The Fed can keep the interest rate steady while waiting to see if tariff policy pushes up inflation, Powell said.“Higher tariffs have begun to show through more clearly to prices of some goods, but their overall effects on economic activity and inflation remain to be seen,” Powell said.Powell said a “reasonable base case” could be that effects to inflation will be “short lived.” But he also cautioned that levies could cause inflationary changes that are “more persistent.”“Our obligation is to keep longer term ... inflation expectations well anchored and to prevent a one-time increase in the price level from becoming an ongoing inflation problem,” Powell said.“For the time being, we’re well positioned to learn more about the likely course of the economy and the evolving balance of risks before adjusting our policy stance,” he added. “We see our current policy stance as appropriate to guard against inflation risks.”— Alex HarringDivided Fed keeps rates unchangedThe Fed kept monetary policy unchanged, as was widely expected. However, two central bank officials — Christopher Waller and Michelle Bowman — dissented in the decision, pushing for the Fed to cut the overnight rate by 0.25 percentage point. This was the first time since 1993 that the Fed’s policy decision was met with so much dissent. — Fred ImbertJobs report could trump Fed decision, says UBSGabby Jones | Bloomberg | Getty ImagesA “We’re Hiring” sign displayed at a Taco Bell restaurant in New York, US, on Wednesday, July 29, 2025. Investors are focusing on macro drivers right now, but they shouldn’t dismiss the Federal Reserve’s comments at the close of its meeting Wednesday, according to UBS.“The common thinking in markets seems to be that the Jul employment report on 1 Aug could trump the rate decision in terms of market impact, as it will provide more timely information on the monetary policy outlook,” strategist Alvise Marino wrote in a note Wednesday.“While we acknowledge this, we also think that how the FOMC today characterizes factors such as robust corporate earnings or the ongoing easing in financial conditions will matter for the market’s perception of the Fed’s independence,” he added.President Donald Trump has been pushing Fed Chair Jerome Powell to cut rates, but the central bank is unlikely to do so right now.“The risk we see is that any signals from the FOMC statement or from Chair Powell that are perceived as increasing the odds of a Sep cut could be interpreted as concessions to political pressure, given that the economic picture does not seem to clearly call for policy easing,” Marino said.— Michelle FoxOppenheimer upgrades regional bank PNC to outperformIn a Wednesday note, Oppenheimer upgraded shares of regional bank PNC Financial Services Group to an outperform rating from perform.Shares of PNC have added less than 1% this year. Oppenheimer’s $238 price target implies an upside of 23% ahead.“The shares have lagged both the banks and the broader market in the past year, but we see PNC as a well-managed, high-quality and consistently profitable regional banking company,” wrote Oppenheimer analysts Chris Kotowski and John Coffey.The analysts also like PNC from an industry backdrop at this point. Commercial banks make more sense than investment banks, which are still taking a hit from somewhat muted investment bank revenues, they said.“We have two sets of themes that lead us to prefer the plain vanilla ‘coupon-clipping’ commercial banks to the more transactional investment banks at this juncture,” Kotowski and Coffey said. “We see the commercial banks benefiting from five little things that should allow them to generate double-digit earnings growth in the year ahead: fixed asset repricing should boost NII growth above loan growth, loan growth slowly improving, card losses peaking, buybacks accelerating as capital ratios have been built, and eking out productivity gains.”Shares of PNC were trading marginally higher on Wednesday.— Lisa Kailai HanBuy the dip on PayPal as economics remain ‘attractive,’ analyst saysInvestors should buy the dip in PayPal shares, which sold off far too much on the back of its second-quarter results, says Mizuho analyst Dan Dolev.Dolev kept his outperform rating on PayPal and lowered his price target by $3 to $84, which implies 17.6% potential upside from the the stock’s latest close. Shares of the fintech company are down nearly 8% week to date and more than 16.5% year to date, with losses accelerating this week after PayPal on Tuesday reported slowing growth in transaction margin dollars.“Our analysis, which triangulates into core PayPal button growth based on disclosures around other branded components like BNPL and Pay with Venmo, suggests that core branded growth actually improved relative to 1Q levels,” Dolev wrote in a note. “Plus, we remind investors that the BNPL/Pay with Venmo components of branded checkout come at attractive economics – we estimate that Pay with Venmo’s transaction margins can be ~1.5x that of companywide levels.”— Pia SinghSpotify is a buy after earnings miss, Deutsche Bank Research saysDavid Tramontan | Lightrocket | Getty ImagesInvestors should buy the dip after Spotify Technology‘s earnings miss, according to Deutsche Bank Research.Shares of the music streaming service dropped more than 11% Tuesday, its worst day going back to July 2023, after Spotify’s results from its most recent quarter and current quarter guidance disappointed expectations.Yet Benjamin Black, research analyst at Deutsche Bank Research, said the slide is an opportunity for investors. The company, which boasts robust engagement among users, will likely raise its prices before year end, a potential catalyst for the stock, he said.“We see a buying opportunity here,” wrote Black, adding, “SPOT beat MAU and Premium subs expectations; engagement continues to be robust, and free-to-paid conversion is trending higher. This creates the opportunity for SPOT to lean into price increases that could include both music and non-music content (which have higher gross margins).”— Sarah MinStocks open little changed Stocks opened little changed on Wednesday, as investors await the Federal Reserve’s interest rate decision and more corporate earnings.The S&P 500 inched up 0.09%, while the Nasdaq Composite added 0.2%. The Dow Jones Industrial Average was marginally higher.— Brian EvansTrump says India will pay 25% tariff plus penalty starting FridayJim Watson | AFP | Getty ImagesUS President Donald Trump meets with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025. Modi will try to rekindle his bromance with DonalPresident Donald Trump said India will face a 25% tariff starting Friday due to their trade barriers.“Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country,” Trump said on Truth Social. India will also face a penalty for buying Russian weapons and energy, Trump said, without providing detail.— Spencer KimballU.S. economy grows more than expected in Q2The U.S. economy expanded at a faster-than-expected pace during the second quarter of the year thanks in part to strong consumer spending. GDP grew by 3%, while economists polled by Dow Jones expected a 2.3% increase. The resiliency comes even as the Trump administration moves forward with its tariff plans. — Fred ImbertStarbucks, Peloton, Novo Nordisk among stocks making biggest premarket movesDavid Paul Morris | Bloomberg | Getty ImagesA Peloton Row inside a store in Palo Alto, California, US, on Monday, Aug. 5, 2024. Peloton Interactive Inc. is scheduled to release earnings figures on August 22.Check out the companies making headlines before the bell.Starbucks — The coffee chain jumped more than 4% after CEO Brian Niccol said the company’s turnaround plan was ahead of schedule. On top of that, Starbucks reported fiscal third-quarter revenue of $9.5 billion, beating an LSEG consensus estimate of $9.31 billion.Peloton — The exercise equipment maker jumped nearly 7% after UBS upgraded shares to buy from neutral and signaled the stock could nearly double from current levels.Novo Nordisk — Shares of the Danish pharmaceutical giant slid almost 4%, extending its double-digit slide on Tuesday after the company cut its full-year guidance, citing weaker second-half U.S. sales growth expectations for its blockbuster Wegovy obesity drug. Novo Nordisk also announced a new CEO in an attempt to revive falling sales and tackle increasing competition. Bank of America downgraded the stock to neutral. For the full list, read here.— Pia SinghPrivate payrolls bounce back Private companies hired at a greater-than-expected pace in July and reversed a loss of 23,000 jobs from a month earlier, ADP said on Wednesday. Payrolls at private companies rose by a seasonally adjusted 104,000 in July, while economists polled by Dow Jones forecast an increase of 64,000. — Brian EvansTariff deadline on Friday ‘will not be extended,’ Trump says Jim Watson | Afp | Getty ImagesUS President Donald Trump gestures as he arrives on the South Lawn of the White House in Washington, DC, on July 29, 2025. President Donald Trump on Wednesday said that his Friday deadline for so-called “reciprocal” tariffs will not be extended.“THE AUGUST FIRST DEADLINE IS THE AUGUST FIRST DEADLINE — IT STANDS STRONG, AND WILL NOT BE EXTENDED. A BIG DAY FOR AMERICA!!!” Trump wrote in a Truth Social post.— Brian EvansAdidas stock slips as company points to U.S. tariff hitLisi Niesner | ReutersThe logo of Adidas is seen on a Gazelle sneaker for sale at a shop in Berlin, Germany, May 2, 2024. Shares of German sportswear behemoth Adidas pulled back more than 7% on Wednesday after the firm said President Donald Trump’s tariffs could result in 200 million euros ($231 million) worth of added costs in the second half of of the year.“The price increases, if any, will only be in the U.S.,” CEO Bjørn Gulden said on the company’s second-quarter earnings call.Adidas has not yet instituted any price increases as a result of tariffs, the company said.“What we can say is we will not be the price leaders. We will move slowly and see what is happening in the market,” Gulden said.— Brian EvansHumana pops on earnings beatHumana shares jumped about 5% after the insurance giant reported better-than-expected second-quarter earnings. The company earned an adjusted $6.27 per share on revenue of $32.39 billion. Analysts expected a profit of $5.92 per share on revenue of $31.89 billion, according to LSEG. Humana also raised its full-year earnings and revenue guidance. — Fred ImbertCaesars shares fall on surprise second-quarter lossRhonda Churcill | Bloomberg | Getty ImagesCaesars Palace hotel and casino in Las Vegas, Nevada, US, on Saturday, June 1, 2024. Shares of Caesars Entertainment fell more than 1% in the premarket after the company reported a surprise loss for the second quarter. The casino operator lost 39 cents per share, while analysts polled by LSEG expected a profit of 5 cents per share. Revenue of $2.91 billion did beat a consensus forecast of $2.86 billion.U.S. stocks will continue to ‘power ahead,’ Capital Economics says “It’s increasingly looking as though the S&P 500 will continue to power ahead,” Capital Economics head of markets for Asia/Pacific Thomas Mathews wrote Tuesday.“The glass is increasingly looking half full to us,” said the London-based Mathews. “With the worst of the risks around trade seemingly fading, we suspect there are fewer remaining obstacles to further investor enthusiasm for AI and its implications for U.S. companies. So, we suspect expectations for earnings and valuations could rise further, perhaps quite a bit for the ‘tech’ sectors, even if that meant the rally narrowed further,” Capital Economics wrote.The researcher acknowledged that its 6,250 end of 2025 forecast for the S&P “might be a bit too pessimistic,” while its end of 2026 forecast of 7,000 “seems as though it could plausibly come a bit sooner than we had anticipated. Of course, there’s still a fair amount of remaining uncertainty, not least around the U.S.-China negotiations and how it all feeds through to the U.S. and global economies.”The broad-based nature of the recent rally in stocks is also cause for optimism, Mathews said. “Although IT and industrials have clearly led the way,” six of the 11 main sectors in the S&P 500 are higher now than they were at the prior market top in February, and two others are very close. “Most have seen upward revisions to earnings expectations, too.”— Scott SchnipperSee the stocks moving in extended tradingThese are some of the stocks making notable moves in after-hour trading:Starbucks — The coffee chain’s shares added 3% in extended trading after revenue for the fiscal third quarter came in higher than expected. Starbucks posted revenue of $9.46 billion, while LSEG consensus estimates called for $9.31 billion. Same-store sales fell for the sixth consecutive quarter, however.Visa — Shares fell 3%. Visa reaffirmed full-year 2025 guidance of low double-digit net revenue growth. Separately, the financial technology company beat expectations on the top and bottom lines in the fiscal third quarter. Visa posted adjusted earnings $2.98 per share on revenue of $10.17 billion, while analysts polled by LSEG forecast $2.85 per share and $9.84 billion in revenue.Mondelez International — The manufacturer of Oreo cookies and Sour Patch Kids candy saw shares tumble nearly 3%. Mondelez reaffirmed its full-year guidance, calling for a 10% decline year over year in earnings per share on constant currency and organic revenue growth of about 5%. Separately, second-quarter results surpassed Wall Street estimates. Click here for the full story.— Alex HarringStock futures are near flatStock futures tied to the Dow, S&P 500 and Nasdaq 100 were all little changed shortly after 6 p.m. ET.— Alex Harring
NEW YORK and NEW ORLEANS, July 29, 2025 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 25, 2025 to file lead plaintiff applications in securities class action lawsuits against Hims & Hers Health, Inc. ("Hims" or the "Company") (NYSE:HIMS), if they purchased the Company's securities between April 29, 2025 and June 23, 2025, inclusive (the "Class Period"). These actions are pending in the United States District Court for the Northern District of California.What You May DoIf you purchased securities of Hims and would like to discuss your legal rights and how the case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (Full story available on Benzinga.com