ServiceNow (NYSE:NOW) and NVIDIA have expanded their partnership with Project Arc, an autonomous desktop AI agent for enterprises. Project Arc is designed to run under ServiceNow's AI Control Tower with security supported by NVIDIA OpenShell. The collaboration targets production ready, governed AI agents that can handle complex, multi step enterprise workflows. ServiceNow, trading at $92.01, is mo...
ServiceNow (NYSE:NOW) and NVIDIA have expanded their partnership with Project Arc, an autonomous desktop AI agent for enterprises. Project Arc is designed to run under ServiceNow's AI Control Tower with security supported by NVIDIA OpenShell. The collaboration targets production ready, governed AI agents that can handle complex, multi step enterprise workflows. ServiceNow, trading at $92.01, is moving through this launch after a 37.6% decline year to date and a 52.3% decline over the past...
The math behind long-term stock picking is brutal. 71% of individual stocks fail to match the market return over rolling 10-year periods, and per Hendrik Bessembinder’s research at Arizona State University, only 4% of companies from 1926 to 2018 actually created net wealth relative to T-bills. Everything else, in aggregate, was a wash or worse. ... 71% of Stocks Fail to Beat the Market. Here’s How...
The math behind long-term stock picking is brutal. 71% of individual stocks fail to match the market return over rolling 10-year periods, and per Hendrik Bessembinder’s research at Arizona State University, only 4% of companies from 1926 to 2018 actually created net wealth relative to T-bills. Everything else, in aggregate, was a wash or worse. ... 71% of Stocks Fail to Beat the Market. Here’s How to Find the 4% That Create Real Wealth
DigtialStorm/iStock via Getty Images 2026 was anticipated by some to be the year when housing activity picked up after three straight years of existing home sales being at their lowest levels since 1995. The expectation was that the Federal Reserve would reduce rates by 25bps two times in the year. This in turn would push average mortgage rates down, improve housing affordability, and drive more h...
DigtialStorm/iStock via Getty Images 2026 was anticipated by some to be the year when housing activity picked up after three straight years of existing home sales being at their lowest levels since 1995. The expectation was that the Federal Reserve would reduce rates by 25bps two times in the year. This in turn would push average mortgage rates down, improve housing affordability, and drive more home buyers into the market. Mortgage News Daily That thesis has been upended by the latest war in the Middle East. Which hopefully is close to being resolved, even if the devil remains in the details. This conflict has triggered a huge price surge for energy and for key commodities. Average mortgage rates have gone up slightly here in 2026. And the yield on the 30-year Treasury just broached the 5% threshold and is trading at its highest level since May 2025. This is a headwind, obviously, for lower mortgage rates. U.S. Average Mortgage Rates (FRED) Another challenge to the overall housing market that did not get enough mention in the financial press is changes that were made to the FHA mortgage program late in 2025. For roughly four years following Covid, mitigation programs were put in place that made it near impossible to default on the FHA mortgage. Missed payments were basically just rolled over to the back of the loan. Almost all of this mitigation ended with the federal government's FY2025 fiscal year on September 30. Lending Tree - January 2026 There are just under 8 million outstanding FHA mortgages in the United States. From roughly 2021 to 2024, the FHA originated or refinanced 3.9 million mortgages . And despite the taxpayer largesse over roughly four years through mortgage mitigation programs, the FHA mortgage serious delinquency rate (90 days or more past due) at the end of 2025 was 11.52%. The same outcome happened with student loans after four years of forbearance ended, with default rates roughly tripling from the rate before the pandemic to some 25%. ATTOM...
Earnings Call Insights: Interparfums (IPAR) Q1 2026 Management View "We started off the year broadly in line with expectations with consolidated sales increasing 2% on a reported basis" (Co-Founder, Chairman & CEO Jean Madar), while noting "mixed results across the portfolio" and that performance was "aided by favorable foreign exchange movements." "North America, our largest market, increased by ...
Earnings Call Insights: Interparfums (IPAR) Q1 2026 Management View "We started off the year broadly in line with expectations with consolidated sales increasing 2% on a reported basis" (Co-Founder, Chairman & CEO Jean Madar), while noting "mixed results across the portfolio" and that performance was "aided by favorable foreign exchange movements." "North America, our largest market, increased by 7%" and "Central and South America grew 23%" (Chairman & CEO Madar), while "Western Europe sales were flat" and the company cited declines in "Eastern Europe" and "Middle East and Africa" and a decrease in "Asia Pacific" tied to "distribution changes" and demand softness. "Coach increased 30%" and "Montblanc rose 14%" (Chairman & CEO Madar), while "Roberto Cavalli... achieving a 32% increase in net sales" and "Lacoste declined 12%"; management also said "Donna Karan/DKNY declined 3%" but highlighted "a 16% rebound in Be Delicious Core" and strength of Cashmere Mist deodorant on "TikTok Shop and Amazon." "We resumed distribution of the existing lines of Annick Goutal" and said "Longchamp and Off-White... launches will happen in 2027" (Chairman & CEO Madar); he also reiterated the previously announced licenses: "Beckham in '28 and Nautica in 2030." "We delivered sales of $345 million" and "reported a favorable 4.6% foreign exchange tailwind" (CFO & Director Michel Atwood), and said "gross margins... expanded by 140 basis points to 65.1%" with "tariffs... about $6 million" in Q1. Outlook "We are maintaining our full year outlook" and "continue to expect sales of approximately $1.48 billion and diluted earnings per share of $4.85" (CFO Atwood). "Our EPS guidance does not include any benefit from potential tariff refunds" and management said it is "monitoring the possibility of IEEPA tariffs refunds this year, which could total approximately $17 million" (CFO Atwood), adding that if refunds occur, the company "would likely take the opportunity to reinvest, at least partially." "...