An Israel-based firm has amassed a sizable stake in the corporate bonds of Florida’s Brightline rail project and is gearing up for workout talks, as the cash-strapped venture struggles under its debt pile. An entity of Phoenix Financial Ltd . that holds nearly 10% of the debt has retained law firm Glenn Agre Bergman & Fuentes for advice, according to people familiar with the matter who asked not t...
An Israel-based firm has amassed a sizable stake in the corporate bonds of Florida’s Brightline rail project and is gearing up for workout talks, as the cash-strapped venture struggles under its debt pile. An entity of Phoenix Financial Ltd . that holds nearly 10% of the debt has retained law firm Glenn Agre Bergman & Fuentes for advice, according to people familiar with the matter who asked not to be identified discussing private information. Brightline has roughly $1.1 billion in corporate bonds, according to data compiled by Bloomberg. Phoenix Financial, with some $200 billion in assets under management, counts Jared Kushner ’s Affinity Partners as a major investor. Phoenix’s involvement in the South Florida project, via its Phoenix Insurance Co. unit, has not been previously reported. Brightline, owned by Fortress Investment Group , is facing mounting financial pressure after skipping interest payments in recent months. The firm is currently exploring options to bolster its cash reserves — including a renewed search for third-party investors — in an effort to avoid a Chapter 11 filing, Bloomberg previously reported. Earlier this month, Brightline’s auditors Ernst & Young said the firm doesn’t have the cash to service its debt and meet financial obligations over the next 12 months, raising “substantial doubt” about its ability to survive. Representatives for Phoenix and Brightline didn’t respond to requests for comment. A representative for Fortress declined to comment. A representative for Affinity didn’t have a comment. Read More: Florida’s Brightline Seeks Rescue to Avoid a Possible Bankruptcy Several creditor groups have already formed as Brightline works to trim its $5.5 billion debt pile. The company has also hired consultants to navigate talks. Hedge funds including Redwood Capital , Aristeia Capital and Nut Tree Capital Management accumulated more than half of Brightline’s corporate debt last year, positioning them to potentially lend fresh cash in a cour...
Looking at the universe of stocks we cover at Dividend Channel, on 5/8/26, Walmart Inc (Symbol: WMT) will trade ex-dividend, for its quarterly dividend of $0.2475, payable on 5/26/26. As a percentage of WMT's recent stock price of $130.06, this dividend works out to approximate
Looking at the universe of stocks we cover at Dividend Channel, on 5/8/26, Walmart Inc (Symbol: WMT) will trade ex-dividend, for its quarterly dividend of $0.2475, payable on 5/26/26. As a percentage of WMT's recent stock price of $130.06, this dividend works out to approximate
In early trading on Thursday, shares of Microsoft topped the list of the day's best performing Dow Jones Industrial Average components, trading up 3.1%. Year to date, Microsoft has lost about 11.7% of its value. And the worst performing Dow component thus far on the day is Che
In early trading on Thursday, shares of Microsoft topped the list of the day's best performing Dow Jones Industrial Average components, trading up 3.1%. Year to date, Microsoft has lost about 11.7% of its value. And the worst performing Dow component thus far on the day is Che
Looking at the universe of stocks we cover at Dividend Channel, on 5/11/26, Wells Fargo Advantage Income Opportunities Fund (Symbol: EAD) will trade ex-dividend, for its monthly dividend of $0.0533, payable on 6/1/26. As a percentage of EAD's recent stock price of $6.64, this d
Looking at the universe of stocks we cover at Dividend Channel, on 5/11/26, Wells Fargo Advantage Income Opportunities Fund (Symbol: EAD) will trade ex-dividend, for its monthly dividend of $0.0533, payable on 6/1/26. As a percentage of EAD's recent stock price of $6.64, this d
Image source: The Motley Fool. Wednesday, February 25, 2026 at 9:00 a.m. ET Need a quote from a Motley Fool analyst? Email pr@fool.com Continue reading
Image source: The Motley Fool. Wednesday, February 25, 2026 at 9:00 a.m. ET Need a quote from a Motley Fool analyst? Email pr@fool.com Continue reading
Shares of Snowflake (NYSE:SNOW) are climbing in early Thursday trading, jumping roughly 9% intraday to around $152. The data cloud platform is leading enterprise software higher and outpacing peer ServiceNow (NYSE:NOW), which is also green but rising at a slower clip. ServiceNow stock is trading 5% higher to around $94, a respectable bounce in its ... Snowflake Is Up 9% Today: Is It Outperforming ...
Shares of Snowflake (NYSE:SNOW) are climbing in early Thursday trading, jumping roughly 9% intraday to around $152. The data cloud platform is leading enterprise software higher and outpacing peer ServiceNow (NYSE:NOW), which is also green but rising at a slower clip. ServiceNow stock is trading 5% higher to around $94, a respectable bounce in its ... Snowflake Is Up 9% Today: Is It Outperforming Other Cloud Stocks Like ServiceNow?
Looking at the universe of stocks we cover at Dividend Channel, on 5/11/26, Armstrong World Industries Inc (Symbol: AWI) will trade ex-dividend, for its quarterly dividend of $0.339, payable on 5/26/26. As a percentage of AWI's recent stock price of $167.06, this dividend works
Looking at the universe of stocks we cover at Dividend Channel, on 5/11/26, Armstrong World Industries Inc (Symbol: AWI) will trade ex-dividend, for its quarterly dividend of $0.339, payable on 5/26/26. As a percentage of AWI's recent stock price of $167.06, this dividend works
Looking at the universe of stocks we cover at Dividend Channel, on 5/8/26, Primis Financial Corp (Symbol: FRST) will trade ex-dividend, for its quarterly dividend of $0.10, payable on 5/22/26. As a percentage of FRST's recent stock price of $14.78, this dividend works out to ap
Looking at the universe of stocks we cover at Dividend Channel, on 5/8/26, Primis Financial Corp (Symbol: FRST) will trade ex-dividend, for its quarterly dividend of $0.10, payable on 5/22/26. As a percentage of FRST's recent stock price of $14.78, this dividend works out to ap
Looking at the universe of stocks we cover at Dividend Channel, on 5/8/26, International Business Machines Corp (Symbol: IBM) will trade ex-dividend, for its quarterly dividend of $1.69, payable on 6/10/26. As a percentage of IBM's recent stock price of $228.30, this dividend w
Looking at the universe of stocks we cover at Dividend Channel, on 5/8/26, International Business Machines Corp (Symbol: IBM) will trade ex-dividend, for its quarterly dividend of $1.69, payable on 6/10/26. As a percentage of IBM's recent stock price of $228.30, this dividend w
patrickheagney/iStock via Getty Images Thesis Entravision Communications Corporation ( EVC ) is a small-cap company focused on media and ad-tech and has changed significantly over time. It originally started as a Spanish-language broadcaster but is now becoming more of a rapidly expanding digital advertising platform. When I first covered it back in March, I said that " I like the company ," but s...
patrickheagney/iStock via Getty Images Thesis Entravision Communications Corporation ( EVC ) is a small-cap company focused on media and ad-tech and has changed significantly over time. It originally started as a Spanish-language broadcaster but is now becoming more of a rapidly expanding digital advertising platform. When I first covered it back in March, I said that " I like the company ," but still rated it a Hold . From my observation, there was definitely strong and rapid growth in ATS; however, the legacy media business was still challenging, profitability was weak, and leverage kept me from being more bullish on it. Seeking Alpha As an analyst, bad calls hurt, but missed opportunities have an uncanny ability to sting me, and my ego, way more. EVC was a reminder of that. Following the earnings report, the share price nearly doubled because investors finally had confirmation that Entravision’s ATS was not only growing, but also had the ability to scale profitably, with surging revenues, rapidly increasing operating profits, and early signs of operating leverage, as evidenced by the degree of infrastructure costs. Now, the big question is: is it worth chasing? After going over the latest results, I'm still keeping my neutral rating because the digital business is clearly improving, but the stock already reflects a lot of that progress while the legacy media losses and balance sheet risk still leave too much uncertainty for me to turn more bullish. The Good Business Is Getting Better The story of Entravision's performance in the last quarter can be told from the perspective of two separate companies under one roof, as one segment is performing very well while the other is not. Building on the strengths of the rapidly growing digital advertising business, Entravision is investing heavily in local sales, new technology, AI-enabled tools, and customer service. Like many advertisers, its customers want to know whether their advertising is working, and they are increa...
In early trading on Thursday, shares of Datadog topped the list of the day's best performing components of the S&P 500 index, trading up 31.2%. Year to date, Datadog registers a 38.7% gain. And the worst performing S&P 500 component thus far on the day is Zoetis, tradi
In early trading on Thursday, shares of Datadog topped the list of the day's best performing components of the S&P 500 index, trading up 31.2%. Year to date, Datadog registers a 38.7% gain. And the worst performing S&P 500 component thus far on the day is Zoetis, tradi
SAN FRANCISCO, May 07, 2026--Fazeshift, an AI-native platform deploying autonomous agents to execute end-to-end accounts receivable workflows, today announced $17M in Series A funding, bringing total funding to $22M. The Series A was led by F-Prime, with participation from Gradient (Google’s early-stage AI fund), Y Combinator, Wayfinder, Pioneer Fund, Ritual Capital, and prominent angels. Already ...
SAN FRANCISCO, May 07, 2026--Fazeshift, an AI-native platform deploying autonomous agents to execute end-to-end accounts receivable workflows, today announced $17M in Series A funding, bringing total funding to $22M. The Series A was led by F-Prime, with participation from Gradient (Google’s early-stage AI fund), Y Combinator, Wayfinder, Pioneer Fund, Ritual Capital, and prominent angels. Already automating invoicing, collections, and reconciliation for enterprise finance teams, Fazeshift is usi