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OpenAI CEO on how AI will evolve security tools
Bloomberg Television· 2025-07-22 21:40
thing that terrifies me is apparently there are still some financial institutions that will accept a voice print as authentication for you to like move a lot of money or do something else. You say a challenge phrase and they just do it. Um, that is a crazy thing to still be doing.Like AI has fully defeated that. AI has fully defeated most of the ways that people authenticate currently other than like passwords, but all of these like fancy, you know, take a selfie and wave or do your voice or whatever. Um I ...
X @Bloomberg
Bloomberg· 2025-07-22 21:40
Environmentalists should curb their enthusiasm, writes @davidfickling. The diplomatic logjam protecting the deep seas is also responsible for the planet's degradation (via @opinion) https://t.co/onbf8QK8iG ...
X @The Economist
The Economist· 2025-07-22 21:40
Regulatory certainty, which analysts believe is crucial to widespread stablecoin adoption, is on the way. Could a boom in the cryptocurrency tokens help pull down America’s borrowing costs? https://t.co/K7JMbUtGIo ...
X @Forbes
Forbes· 2025-07-22 21:40
48 Hours In Seattle, The Summer Walking Tour https://t.co/1xEKYrNz17 ...
Fortrea Holdings Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. August 1, 2025 Deadline to file Lead Plaintiff Motion.
GlobeNewswire News Room· 2025-07-22 21:40
Core Viewpoint - Fortrea Holdings Inc. is facing a class action lawsuit for allegedly misleading investors regarding its financial projections and business model following its spin-off from Labcorp [1][3][4]. Company Overview - Fortrea is a global clinical research organization (CRO) that assists in the development of pharmaceutical and medical device products. It was spun off from Labcorp in June 2023 and had ongoing long-term projects at that time [3]. Allegations of Misleading Information - The lawsuit claims that Fortrea overestimated the revenue from its Pre-Spin Projects for 2025, overstated cost savings from phasing out transition service agreements (TSAs), and inflated its EBITDA targets for 2025, presenting an overly optimistic view of its post-spin-off business model [5]. Market Reactions and Stock Performance - On September 25, 2024, Jefferies downgraded Fortrea from Buy to Hold, citing weaknesses in the CRO model and a lack of real cost savings, leading to a stock drop of over 12% [5]. - On December 6, 2024, Baird Equity Research downgraded Fortrea to Neutral after the company canceled two conferences, resulting in an additional 8% decline in stock price [5]. - On March 3, 2025, Fortrea reported disappointing Q4 and full-year 2024 results, admitting that its revenue and EBITDA goals for 2025 were unrealistic, causing the stock to drop more than 25% [5].
Crossmark's Bob Doll talks launch of two new large cap ETFs
CNBC Television· 2025-07-22 21:39
Will this trend continue in the second half. Our next guest unveiling two new ETFs that he's launching tomorrow focusing on large cap growth and large cap value. Joining us now is Crossmart Global Investments CEO and CIO Bob Dah.Bob, it's great to have you on and let's start right there. What do we need to know about these ETFs and what differentiates them from what's already in the market. >> Uh yes, Morgan.Uh but we think what differentiates them is they're u active in management. Most of the launches hav ...
X @The Block
The Block· 2025-07-22 21:39
RT The Block Podcasts (@TheBlockPods)Crypto Week Special Session - Historic Wins & What's Next for US Digital Asset Regulation 🇺🇸🗽🏛️@imyoungsparks hosted a 'Crypto Week' session with The Block's policy reporter @ForTheWynn_, @BlockchainAssn CEO @SKMersinger and Head of Policy and Advocacy at @wintermute_t, @RonwHammond, to discuss and the past, present and future of cryptocurrency legislation.OUTLINE00:00 – Introduction00:55 – NYC BitLicense02:51 – Impact of SEC's Jay Clayton05:45 – Operation Choke Point/2. ...
X @aixbt
aixbt· 2025-07-22 21:39
consensus sees whales stacking coins but they're building rails. the real playbook isn't price exposure - it's market architecture ...
Timberland Bancorp Third Fiscal Quarter Net Income Increases to $7.10 Million
Globenewswire· 2025-07-22 21:37
Core Viewpoint - Timberland Bancorp, Inc. reported strong financial results for the third fiscal quarter of 2025, with significant increases in net income and earnings per share, driven by net interest margin expansion and steady balance sheet growth [3][9]. Earnings Highlights - Net income for the quarter ended June 30, 2025, was $7.10 million, or $0.90 per diluted common share, representing a 5% increase from the previous quarter and a 20% increase year-over-year [1][9]. - For the first nine months of fiscal 2025, net income rose 16% to $20.72 million, or $2.60 per diluted common share, compared to $17.93 million, or $2.21 per diluted common share for the same period in fiscal 2024 [2][9]. - The quarterly return on average assets increased to 1.47%, and return on average equity rose to 11.23% [9][5]. Balance Sheet Highlights - Total assets increased by 1% from the prior quarter to $1.96 billion and grew 3% year-over-year [15][9]. - Total deposits rose by $18.65 million, or 1%, to $1.67 billion during the quarter, with significant increases in certificates of deposit and money market accounts [24][9]. - Total shareholders' equity increased by 2% from the prior quarter to $256.66 million, reflecting strong earnings and a stock repurchase program [28][9]. Net Interest Margin and Income - The net interest margin expanded to 3.80%, a one basis point increase from the prior quarter and a 27 basis point improvement year-over-year [3][9]. - Net interest income for the current quarter increased by 2% to $17.62 million, and for the first nine months of fiscal 2025, it rose by 9% to $51.81 million [8][10]. Stock Repurchase Program - The Board of Directors announced a new stock repurchase program allowing the company to repurchase up to 5% of outstanding shares, replacing the previous program [30][31]. Asset Quality - The non-performing assets to total assets ratio was 0.21% at June 30, 2025, compared to 0.13% at March 31, 2025, and 0.22% at June 30, 2024 [32][9]. - Total delinquent loans increased by 86% to $6.18 million, primarily due to one loan being past maturity [33][9]. Loan Portfolio - Net loans receivable increased by 2% during the quarter to $1.44 billion, with notable growth in multi-family and commercial real estate loans [17][9]. - Timberland originated $81.99 million in loans during the quarter, compared to $56.76 million for the preceding quarter [22][9].
X @Bloomberg
Bloomberg· 2025-07-22 21:35
The Elon, Inc. crew discusses how Musk’s companies continue to suffer months after he left the White House, and his plans to populate Mars https://t.co/e2jYqed0pK ...