Key takeaway: The Columbus, Ohio, company completed the Cadence system conversion in late June, which should serve as a springboard to higher growth in the third and fourth quarters, executives said. Supporting data: The conversion gives Huntington much more control over and insight into more than 1.4 million deposit accounts acquired from Cadence. Expert quote:…
Erik McGregor/Getty Images Blackstone does not expect growing competition to drive down returns on its new investments in AI infrastructure, at least not anytime soon, said COO Jon Gray. Speaking during the firm’s Q2 earnings call, Gray said demand for data centers, chips and the power to supply them is so great that the risk…
Moon Capital Management, LLC, an investment management company, released its second quarter 2025 investor letter. A copy of the letter can be downloaded here. The S&P 500 index rebounded in the second quarter, achieving a 9.6% return for the first half of the year, while Moon Capital Management’s equity portfolio gained 4%. AI-related stocks led…
Ironvine Capital Partners, an investment management company, released its Q2 2026 investor letter. A copy of the letter can be downloaded here. The letter emphasizes the vital role of AI adoption in capital markets, highlighting a projected $7 trillion in new debt issuance by 2029 due to increased AI computing investments by hyperscale companies. This…
Tesla reported second-quarter revenue of $28.24 billion, up 26% year over year, while executives highlighted progress toward launching production of the Tesla Semi Class 8 electric truck at its Nevada manufacturing facility. Austin, Texas-based Tesla (Nasdaq: TSLA) released its second-quarter earnings and held a conference call with analysts after the market closed on Wednesday. The…
This article was originally published on ETFTrends.com. To the dismay of advisors and fixed income investors, the words “clear” and “overt” seem to have left the Federal Reserve’s lexicon. However, there are avenues for investors looking for the combination of elevated income and reduced rate risk. The WisdomTree Interest Rate Hedged High Yield Bond Fund…
IBM (IBM) is pinning its hopes for a 2026 rebound in mainframe computing demand after a shock warning on the second quarter sent the stock reeling. But there’s a lot left to be determined. Quick insight: When IBM reported second quarter earnings Tuesday evening, one thing stood out more than most. Fresh off a major…
T-Mobile reported second-quarter earnings on Thursday that topped analyst estimates, driven by customers migrating to higher-priced wireless plans and growth in postpaid accounts. Diluted earnings per share came in at $2.99, up 5% from a year earlier. That beat the analyst consensus estimate of $2.59 per share, according to MarketWatch. Net income rose 1% year-over-year…
July 23 (Reuters) – U.S. equity holdings have surpassed real estate as a share of net financial wealth for the first time since World War Two, Goldman Sachs said, underscoring how stocks have become a dominant driver of household wealth and consumer spending.”Equity gains have been the dominant driver of household wealth accumulation and the…
Blackstone reported second-quarter results on Thursday that beat market expectations, as the world’s largest alternative asset manager reaped gains from its artificial intelligence investments and pulled in record inflows that pushed total assets under management to nearly $1.35 trillion. Distributable earnings came in at $1.52 a share, a 26% increase from $1.21 a share in…
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