Recently, Black Rockck CEO Larry Frink published an article in the Financial Times titled, quote, "It's time for the second draft of globalization. It's safe to say that it took the world by storm." In that article, Larry acknowledged that globalization has created multiple problems such as growing wealth inequality. But it goes without saying that the solutions he has in mind could make things much worse. And that's why today we're going to take a look at what exactly Black Rockck is planning, how this cou ...

Core Insights - SEALSQ Corp has successfully completed the cryptographic toolbox validation stage for its QS7001 post-quantum hardware platform, which is expected to be available in Q4 2025 for early customers [1][2] - The QS7001 platform implements NIST-standardized post-quantum cryptographic algorithms, including Kyber and Dilithium, and is designed for low-latency, high-throughput encryption [2][6] - The company is also developing the QVault TPM, which integrates a TPM 2.0 stack on the QS7001 platform, targeting the PC, laptop, and IoT devices market, with a planned launch in H1 2026 [7] Product Features and Benefits - The QS7001 is a RISC-V-based secure hardware platform that provides quantum-resistant security and is optimized for energy-efficient operation in IoT and edge devices [3][6] - Key features include tamper-resistant security, scalable integration for various applications, and regulatory compliance with the EU Cyber Resilience Act [6][7] - The platform aims to protect sensitive data across multiple sectors, including automotive, healthcare, and critical infrastructure, ensuring long-term data integrity against quantum attacks [6][9] Market Position and Strategy - SEALSQ positions itself as a leader in post-quantum technology, focusing on developing state-of-the-art quantum-resistant cryptography and semiconductors to address security challenges posed by quantum computing [8][9] - The company emphasizes the importance of its products in safeguarding critical systems and enhancing resilience across diverse industries, thereby maintaining a competitive edge in the market [9]

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CALGARY, Alberta, July 17, 2025 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV: CMC; OTC PINK: CWSFF) (“Cielo” or the “Company”) is pleased to announce that it has executed an amended and restated settlement agreement (the “Amended Settlement Agreement”) with Expander Energy Inc. (“Expander”) and certain directors, shareholders and related parties of Expander (collectively and together with Expander, the “Settlement Parties”), and closed the Unwinding (as defined below). The Amended Settlement Agreem ...

Texas Capital Bancshares (TCBI) Q2 2025 Earnings Call July 17, 2025 09:00 AM ET Company ParticipantsJocelyn Kukulka - Managing DirectorRob Holmes - Chairman, President & CEOMatt Scurlock - MD & CFOMichael Rose - Managing DirectorWoody Lay - Vice PresidentMatt Olney - Managing DirectorJon Arfstrom - MD & Associate Director - US ResearchConference Call ParticipantsStephen Scouten - MD & Senior Research AnalystOperatorGood morning, and thank you all for attending the Texas Capital Bancshares Inc. Q2 twenty twe ...

Well, I think let's back up and talk about principles. As you think about across time, the the the Fed was set up to be independent and have a dual mandate, unemployment, price stability, i.e. inflation. And their job is to manage you add their management economy through short-term interest rate adjustments to accomplish that outcome.And I think a stable central bank is a is really very important and very important in the United States because of this size economy with 30 trillion dollars plus of debt out t ...

Bill Gates, Charles Koch And Three Other Billionaires Are Giving $1 Billion To Enhance Economic Mobility In The U.S. https://t.co/pQvusExZl3 https://t.co/0gkmtdfMeY ...

Financial Performance Highlights - Net income available to common stockholders was $402 million[8], an 18% increase quarter-over-quarter and an 13% increase year-over-year[8] - Diluted earnings per share (EPS) reached $0.92[8], a 19% increase quarter-over-quarter and an 18% increase year-over-year[8] - Total revenue was $2037 million[8], a 5% increase quarter-over-quarter and a 4% increase year-over-year[8] - The efficiency ratio improved to 64.8%[8] - Return on tangible common equity (ROTCE) was 11.0%[8] Key Business Segment Performance - Private Bank contributed $0.06 to EPS[11], up $0.02 quarter-over-quarter[11], and is expected to deliver a ~20 to 24% return on equity for FY2025[11] - Net interest income (NII) was $1437 million[8], up 3% quarter-over-quarter and 2% year-over-year[8] - Noninterest income was $600 million[8], up 10% quarter-over-quarter and 8% year-over-year[8] Balance Sheet and Capital Management - Average deposits increased by 1% quarter-over-quarter to $174.1 billion[8] - The CET1 ratio remained strong at 10.6%[11] - The company repurchased $200 million of common stock at a weighted-average price of $39.00[45]

Financial Data and Key Metrics Changes - Adjusted total revenue increased by $42.3 million or 16% year-over-year, supported by a 17% growth in net interest income and an 11% growth in adjusted fee-based revenue [10][11] - Adjusted net income to common rose to $75.5 million, a 100% increase compared to the same quarter last year, with adjusted earnings per share expanding by 104% [11][12] - The adjusted return on average assets reached 1.02%, nearing the 1.1% goal set for 2025 [5][11] Business Line Data and Key Metrics Changes - Commercial loans grew by 5% linked quarter and 13% year-over-year, reflecting effective competition for holistic client relationships [5][12] - Treasury product fees increased by 37% year-over-year, marking a record high for the firm [6][12] - Investment banking and trading income rose by 43% quarter-over-quarter and 4% year-over-year, driven by a rebound in capital markets activity [8][12] Market Data and Key Metrics Changes - Average commercial loan balances increased by 4% or $399 million during the quarter, with year-over-year balances up approximately $1.4 billion or 13% [12] - Client interest-bearing deposits grew by $2.8 billion or 19% year-over-year, while deposit betas increased to 81% [13][14] - The allowance for credit loss increased to $334 million, representing 1.79% of loans held for investment, which is among the top decile in the peer group [16][17] Company Strategy and Development Direction - The company is focused on building a diversified and client-centric institution, enhancing client journeys, and driving operational efficiency [9][10] - Continued investments in technology and capabilities are expected to support growth in investment banking and trading [25][66] - The firm aims to maintain a strong capital position, with a CET1 ratio of 11.45%, allowing for onboarding of new clients [17][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the durability of the diversified earnings platform and the ability to drive consistent client engagement across various market conditions [20][41] - The firm anticipates continued earnings momentum and aims to achieve a quarterly return on average assets of 1.1% in the second half of the year [20][41] - Management remains cautious about the mortgage outlook for the remainder of 2025, expecting a 10% increase in full-year average balances [13][52] Other Important Information - The company repurchased approximately 318,000 shares for a total of $21 million at a weighted average price of $65.5 per share [19] - The firm is focused on maintaining strong credit quality, with a 26% reduction in year-over-year criticized loans [61][62] Q&A Session Summary Question: Insights on investment banking and trading pipeline - Management noted that despite capital markets being closed in April and May, investment banking and trading income exceeded guidance, supported by strong syndication fees and growth in sales and trading [25] Question: Commentary on restructuring charges - Management highlighted ongoing efforts to drive structural efficiencies and match expenses with fee income areas of focus [34] Question: Guidance on revenue trends - Management indicated that net interest income momentum could support moving to the high end of the current revenue guidance [41] Question: Update on wealth management build-out - Management expressed optimism about the wealth management segment, noting improvements in client journey and performance compared to other wealth managers [66]

🚨 Uber inks six-year robotaxi deal with Lucid, invests $300 million in EV companyUber announced a partnership to deploy more than 20,000 robotaxis over the next six years as demand for driverless cars kicks into high gear.As part of the partnership, the ride-hailing company is teaming up with Lucid, the electric vehicle maker, and Nuro, an autonomous vehicle startup. Under the agreement, Uber will invest $300 million in Lucid. Nuro will develop the self-driving technology that Lucid will use to supply Uber ...