Meet the FTSE stock quietly thrashing Rolls-Royce shares in 2025!
However, this return pales in comparison to what holders of a certain under-the-radar company have earned.
Incredible performance
Stop a stranger and ask whether they've heard of Rank Group (LSE: RNK) and they'll probably give a blank expression. But they may be more familiar with some of its brands, such as Mecca Bingo and Grosvenor Casinos, even if they've never used them.
Now, I'll be the first to admit that this space doesn't get my pulse racing. Even so, I'm sure existing holders will be very happen at the recent price movement.
Shares in Rank Group currently stand 91% higher than where they started 2025. The gain's even greater when tracked over the last 12 months (127%). To make things even more interesting, most of this uplift has only come in the last couple of months.
Strong tailwinds
At least some of this magnificent momentum's down to improved trading.
In its most recent update, the firm said that like-for-like net gaming revenue had grown by 11% (to around £795m) in the 12 months to the end of June. This was in spite of 'significant cost and regulatory headwinds' seen since the start of the final quarter.
As a result, management expects underlying operating profit to come in ahead of expectations.
The outlook's encouraging too, thanks to land-based casino reforms coming into effect last week (22 July). In a nutshell, these are being introduced to help modernise physical sites, allowing them to complete with online-only platforms. Changes include allowing smaller casinos to operate more gaming machines per gaming table. Sports betting will also be permitted.
Long-term investors have suffered
Of course, there are still risks that come from being a mostly physical (rather than digital) business. Energy costs remain high and the company must also cope with rising wage bills.
Separately, it's worth noting that Rank shares have performed poorly over a longer timeline. Those who invested five years ago would have seen their capital grow just 12% in value. Meanwhile, Rolls-Royce shares are up nearly…1000%!
To make matters worse, the £750m-cap company stopped distributing cash to holders in wake of the pandemic. These were only reinstated in FY24. Even today, the forecast dividend yield stands at just 1.4%. Granted, this is more than over at the FTSE 100 juggernaut.
And then there's the question of fair value. The shares now change hands at a price-to-earnings (P/E) ratio of 18. This is significantly lower than Rolls-Royce whose P/E of 41 has arguably got a little silly.
However, they're rather dear relative to other stocks in the Consumer Cyclicals space, suggesting a fair bit of good news is already priced in.
One for the watchlist
Taking all of the above into account, I'm tempted to add Rank Group to my portfolio today. But I would like to read its next set of results — due mid-August — before making a decision.
Regardless, this example shows that smaller-cap stocks have the potential to outperform our biggest and most popular businesses, especially if they're snapped up when out of favour.
The post Meet the FTSE stock quietly thrashing Rolls-Royce shares in 2025! appeared first on The Motley Fool UK.
More reading
5 Stocks For Trying To Build Wealth After 50
One Top Growth Stock from the Motley Fool
Paul Summers has no position in any of the shares mentioned. The Motley Fool UK has recommended Rolls-Royce Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.
Motley Fool UK 2025
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 minutes ago
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq rise as Wall Street awaits Fed decision, Big Tech results
US stocks held steady on Wednesday — a potentially pivotal day for markets that brings a Federal Reserve interest rate decision, a data deluge, and a flood of earnings highlighted by Microsoft (MSFT) and Meta (META). The Dow Jones Industrial Average (^DJI) nudged up 0.1%, while the S&P 500 (^GSPC) rose 0.2%. The tech-heavy Nasdaq Composite (^IXIC) ticked up 0.4%. The major gauges fell on Tuesday, leading the S&P 500 to snap its six-day record streak. Stocks are in a holding pattern as investors wait for the Fed's decision on interest rates, due at 2 p.m. ET at the end of its two-day meeting. With the central bank expected to hold rates steady, Wall Street will closely watch the Fed's "dot plot" given internal divisions over the path of policy. Focus is also on Chair Jerome Powell's remarks for signals on potential easing later this year, as President Trump presses for a rate cut. The Fed — and markets — received key signals on the US economy's health early Wednesday. US GDP grew at a 3% annual rate in the second quarter, rebounding from its first pullback in three years in Q1. Meanwhile, US private employers added more jobs than expected in July, with private payrolls also returning to growth after a surprise pullback in June. The rosier economic data prompted Trump to again call on the Fed to lower rates. "'Too Late' must now lower the rate," he wrote on social media hours before the central bank was set to release its policy statement. Investors also fielded a further flood of earnings from major companies, with Humana (HUM), and Kraft Heinz (KHC) getting a positive reception before the bell. Read more: Full earnings coverage in our live blog Wall Street is looking to after-hours reports from Microsoft and Meta to help rejuvenate markets. The companies are the first of the "Magnificent 7" group to report, and both are contending with growing scrutiny over whether their eye-popping AI investments are paying off. Looming ahead is Trump's Friday deadline for trade partners to strike deals with the US or face blanket tariff rates. Trump said goods from India would face a 25% tariff from Friday, as talks apparently stall between the countries. Read more: The latest on Trump's tariffs US-China trade talks wrapped up on Tuesday without an extension of the current tariff pause between the two, but Treasury Secretary Scott Bessent said Trump would make a "final call" on the matter soon. Trump says Powell must lower interest rates 'now' following GDP uptick President Trump used a return to GDP growth ahead of a widely expected Federal Reserve decision to keep monetary policy unchanged to say that Fed Chairman Jerome Powell must 'now' lower rates, Yahoo Finance's Ben Werschkul reports. Werschkul writes: Read the full story here. Marvell Technology soars 10% as Morgan Stanley analyst lifts price outlook Marvell Technology (MRVL) shares spiked Wednesday after Morgan Stanley (MS) analyst Joseph Moore lifted his price target on the stock to $80 from $73. In a note to clients on Tuesday, Moore cited the chipmaker's opportunity in the AI networking space. Networking products such as data center switches, ethernet controllers, and digital signal processors are required in data centers to receive and send data between AI chips and servers. Marvell makes both networking products and custom AI chips (also known as processors) called ASIC accelerators. "For both Broadcom (AVGO) and Marvell (MRVL), we expect AI upside this year to come from the networking side rather than processors [custom AI chips]," Moore wrote. Moore said Marvell "should be a direct beneficiary of NVIDIA's upcoming product cycle." That's because networking technology is needed to support upcoming purchases of Nvidia's latest Blackwell chips and servers. "Marvell is firmly in the AI winners camp," wrote Moore. Nvidia leads muted Mag 7 ahead of Microsoft, Meta earnings Nvidia (NVDA) shares moved up 1% early on Wednesday, leading the group of "Magnificent Seven" tech stocks ahead of earnings reports from Microsoft (MSFT) and Meta (META) after the bell. Amazon (AMZN), Tesla (TSLA), and Microsoft stock prices wavered around the flat line, while Meta and Google (GOOG) shares rose less than 1%. Apple (AAPL) slipped around 0.1% in lackluster trade for US stocks more broadly. Nvidia is up roughly 4% over the past five trading sessions, compared with the tech heavy Nasdaq Composite's (^IXIC) 0.6% gain over the same period. Stocks steady at the open US stocks held steady at the start of Wednesday's trading session ahead of the Federal Reserve's interest-rate decision and earnings from Big Tech names Microsoft (MSFT) and Meta (META). The Dow Jones Industrial Average (^DJI) wavered along the flat line, while the S&P 500 (^GSPC) nudged nearly 0.1% higher. The tech-heavy Nasdaq Composite (^IXIC) ticked up roughly 0.2%. The indices had fallen on Tuesday, with the S&P 500 ending its six-day record streak. Jobs data, GDP both top forecasts in a strong morning for the US economy Data from ADP on private payroll growth and the first look at second quarter GDP growth out Wednesday morning both topped forecasts, a sign of continued resilience in the US economy. Private payroll growth in July tallied 104,000 according to the latest data from ADP, more than the 77,000 jobs that private employers were expected to add and a rebound from the 23,000 jobs that were cut in the sector last month. "Our hiring and pay data are broadly indicative of a healthy economy," said Nela Richardson, chief economist at ADP. "Employers have grown more optimistic that consumers, the backbone of the economy, will remain resilient." Fifteen minutes after ADP's data was released, the BEA put out its first look at GDP growth in the second quarter, which showed the US economy grew at an annualized rate of 3% in the second quarter, faster than the 2.6% that had been expected by economists. In the first three months of the year, the US economy contracted at a rate of 0.5%. The BEA noted in its release the rebound in the second quarter was largely a result of decreased imports, which had weighed on growth in the first quarter as businesses increased orders ahead of expected tariffs. In response to the data, longer-term Treasury yields ticked slightly higher while futures remained little-changed ahead of the Federal Reserve's policy announcement set for 2:00 p.m. ET. In a post on Truth Social following the GDP data, President Trump again called on the Fed to cut rates. The central bank is widely expected to make no change to its interest rate policy later today. Premarket trending tickers: Novo Nordisk stock falls, Starbucks stock pops Here's a look at some of the top stocks trending in premarket trading: Novo Nordisk (NVO): The stock continued to sink on Wednesday, falling 4% premarket after a 21% wipeout on Tuesday. The drugmaker cut its full-year sales and operating profit guidance again, related to lower growth expectations for its diabetes and weight-loss drugs, Wegovy and Ozempic. Eli Lilly stock also fell Tuesday but was up 1% Wednesday morning. Starbucks (SBUX): Shares of the coffee giant popped 5% premarket after the company reported its sixth straight quarterly sales decline. But things weren't as bad as investors feared, and CEO Brian Niccol assured Wall Street that the company was "ahead of schedule" in its turnaround plan. V.F. Corp (VFC): The Vans parent's stock soared nearly 20% after the company beat first quarter revenue estimates on Wednesday, aided by an uptick in demand for its apparel and footwear products. Palo Alto Networks (PANW): The software company is in final talks to acquire Israeli cybersecurity provider CyberArk, the Wall Street Journal reported, and the deal could be finalized as early as this week. The deal could place a value north of $20 billion on CyberArk, potentially making it one of the largest tech takeovers this year. Shares of Palo Alto Networks rose 0.4% in premarket trading. Meta (META) and Microsoft (MSFT) stocks rose modestly ahead of their quarterly results, which are set to be released after the closing bell on Wednesday. Investors will be looking to the two Big Tech companies for signs of AI sales growth and monetization. Read live coverage of corporate earnings here. A divided Fed is expected to hold rates steady, defying Trump's calls for a cut The Federal Reserve is widely expected to hold interest rates steady on Wednesday, though the central bank remains internally divided over the path of monetary policy amid the Trump administration's pressure on the Fed. Yahoo Finance's Jennifer Schonberger reports: Read more here. Whirlpool is championing the tariffs that have hammered its quarter Yahoo Finance's Hamza Shaban digs into the tariffs story for Whirlpool (WHR) in today's Morning Brief: Read more here on why Whirlpool is looking past tariff setbacks. Good morning. Here's what's happening today. Economic data: Federal Reserve monetary policy decision; GDP annualized; ADP private payrolls (July); (second quarter); Pending home sales, (June); MBA Mortgage Applications (July 25); Minnesota Chicago PMI (July) Earnings: Meta (META), Microsoft (MSFT), Arm (ARM), Altria (MO), Carvana (CVNA), Ford (F), Generac (GNRC), Harley Davidson (HOG), Hershey (HSY), Humana (HUM), The Kraft Heinz Company (KHC), Qualcomm (QCOM), Robinhood (HOOD) Here are some of the biggest stories you may have missed overnight and early this morning: Fed set to hold rates steady, defying Trump's call for a cut Whirlpool is championing the tariffs that have hammered its quarter Meta to report Q2 earnings amid AI investment push Microsoft to report Q4 earnings as Wall Street looks for continued AI growth Deal-hunting Americans are putting corporates on watch Trump eyes 25% India tariff, US-China truce in the balance Wall Street's riding high on relief, not results: Strategist Tesla signs $4.3B battery deal, cuts reliance on China Meta and Microsoft are set to kick off this week's Big Tech earnings Yahoo Finance's Dan Howley has previews of both Meta (META) and Microsoft (MSFT), whose reports come Wednesday. For Meta, it's all about the AI hiring and spree: And Microsoft remains chugging along, its stock up more than 20% this year. Dan says Alphabet's (GOOG, GOOGL) well-received results last week could bode well for Microsoft, as investors focus on AI-driven sales gains: Read more on Meta and Microsoft. Trending tickers: Seagate, Avis and Sarepta Here are some top stocks trending on Yahoo Finance in premarket trading: Seagate Technology (STX) shares fell more than 6% on Wednesday before the bell after the company's first-quarter revenue forecast fell below Wall Street estimates on Tuesday. Seagate earnings were hurt by weak demand for its storage devices amid ongoing uncertainty in the personal computer market. Avis (CAR) stock fell 5% premarket following the car rental company's earnings results on Tuesday. It was also announced that Alphabet (GOOG, GOOGL)-owned company Waymo plans to launch a robotaxi service next year in Dallas and will partner with Avis Budget Group to manage its fleet of all-electric autonomous Jaguar I-Pace vehicles. Sarepta Therapeutics (SRPT) stock rose 10% in premarket trading on Wednesday following the news that it will now start shipping its top-selling muscular dystrophy therapy, Elevidys, after the US Food and Drug Administration (FDA) reversed its request for a voluntary pause late Monday. Starbucks stock pops after US sales fall less than feared Shares of Starbucks (SBUX) rose in premarket despite a quarterly profit miss after sales in the coffee chain's US outlets proved healthier than expected. Yahoo Finance's Brooke DiPalma reports: Read more here. Major Asian gauges see slight boost from US-China trade talks Markets across Asia saw tentative gains despite uncertainty in the aftermath of US-China trade talks. The two-day talks between the two economic powerhouses to discuss tariffs did not yield hard results, but representatives from both nations expressed positivity about the dialogue. Reuters reports: Read more here. Samsung stock pops on Tesla deal Samsung Electronics ( has seen the benefits of a wave of market optimism following the unexpected announcement of a chipmaking deal with Tesla (TSLA) worth $16.5 billion. Bloomberg reports: Read more here. Oil prices hold after Trump-Russia row Oil prices held gains overnight Tuesday after jumping 3% Monday, with supply issues in focus. Trump's continued pressure on Russia over the Ukraine war has raised concerns over how economic sanctions will impact the Slavic state's ability to produce oil at the current rate. Reuters reports: Read more here. Trump says Powell must lower interest rates 'now' following GDP uptick President Trump used a return to GDP growth ahead of a widely expected Federal Reserve decision to keep monetary policy unchanged to say that Fed Chairman Jerome Powell must 'now' lower rates, Yahoo Finance's Ben Werschkul reports. Werschkul writes: Read the full story here. President Trump used a return to GDP growth ahead of a widely expected Federal Reserve decision to keep monetary policy unchanged to say that Fed Chairman Jerome Powell must 'now' lower rates, Yahoo Finance's Ben Werschkul reports. Werschkul writes: Read the full story here. Marvell Technology soars 10% as Morgan Stanley analyst lifts price outlook Marvell Technology (MRVL) shares spiked Wednesday after Morgan Stanley (MS) analyst Joseph Moore lifted his price target on the stock to $80 from $73. In a note to clients on Tuesday, Moore cited the chipmaker's opportunity in the AI networking space. Networking products such as data center switches, ethernet controllers, and digital signal processors are required in data centers to receive and send data between AI chips and servers. Marvell makes both networking products and custom AI chips (also known as processors) called ASIC accelerators. "For both Broadcom (AVGO) and Marvell (MRVL), we expect AI upside this year to come from the networking side rather than processors [custom AI chips]," Moore wrote. Moore said Marvell "should be a direct beneficiary of NVIDIA's upcoming product cycle." That's because networking technology is needed to support upcoming purchases of Nvidia's latest Blackwell chips and servers. "Marvell is firmly in the AI winners camp," wrote Moore. Marvell Technology (MRVL) shares spiked Wednesday after Morgan Stanley (MS) analyst Joseph Moore lifted his price target on the stock to $80 from $73. In a note to clients on Tuesday, Moore cited the chipmaker's opportunity in the AI networking space. Networking products such as data center switches, ethernet controllers, and digital signal processors are required in data centers to receive and send data between AI chips and servers. Marvell makes both networking products and custom AI chips (also known as processors) called ASIC accelerators. "For both Broadcom (AVGO) and Marvell (MRVL), we expect AI upside this year to come from the networking side rather than processors [custom AI chips]," Moore wrote. Moore said Marvell "should be a direct beneficiary of NVIDIA's upcoming product cycle." That's because networking technology is needed to support upcoming purchases of Nvidia's latest Blackwell chips and servers. "Marvell is firmly in the AI winners camp," wrote Moore. Nvidia leads muted Mag 7 ahead of Microsoft, Meta earnings Nvidia (NVDA) shares moved up 1% early on Wednesday, leading the group of "Magnificent Seven" tech stocks ahead of earnings reports from Microsoft (MSFT) and Meta (META) after the bell. Amazon (AMZN), Tesla (TSLA), and Microsoft stock prices wavered around the flat line, while Meta and Google (GOOG) shares rose less than 1%. Apple (AAPL) slipped around 0.1% in lackluster trade for US stocks more broadly. Nvidia is up roughly 4% over the past five trading sessions, compared with the tech heavy Nasdaq Composite's (^IXIC) 0.6% gain over the same period. Nvidia (NVDA) shares moved up 1% early on Wednesday, leading the group of "Magnificent Seven" tech stocks ahead of earnings reports from Microsoft (MSFT) and Meta (META) after the bell. Amazon (AMZN), Tesla (TSLA), and Microsoft stock prices wavered around the flat line, while Meta and Google (GOOG) shares rose less than 1%. Apple (AAPL) slipped around 0.1% in lackluster trade for US stocks more broadly. Nvidia is up roughly 4% over the past five trading sessions, compared with the tech heavy Nasdaq Composite's (^IXIC) 0.6% gain over the same period. Stocks steady at the open US stocks held steady at the start of Wednesday's trading session ahead of the Federal Reserve's interest-rate decision and earnings from Big Tech names Microsoft (MSFT) and Meta (META). The Dow Jones Industrial Average (^DJI) wavered along the flat line, while the S&P 500 (^GSPC) nudged nearly 0.1% higher. The tech-heavy Nasdaq Composite (^IXIC) ticked up roughly 0.2%. The indices had fallen on Tuesday, with the S&P 500 ending its six-day record streak. US stocks held steady at the start of Wednesday's trading session ahead of the Federal Reserve's interest-rate decision and earnings from Big Tech names Microsoft (MSFT) and Meta (META). The Dow Jones Industrial Average (^DJI) wavered along the flat line, while the S&P 500 (^GSPC) nudged nearly 0.1% higher. The tech-heavy Nasdaq Composite (^IXIC) ticked up roughly 0.2%. The indices had fallen on Tuesday, with the S&P 500 ending its six-day record streak. Jobs data, GDP both top forecasts in a strong morning for the US economy Data from ADP on private payroll growth and the first look at second quarter GDP growth out Wednesday morning both topped forecasts, a sign of continued resilience in the US economy. Private payroll growth in July tallied 104,000 according to the latest data from ADP, more than the 77,000 jobs that private employers were expected to add and a rebound from the 23,000 jobs that were cut in the sector last month. "Our hiring and pay data are broadly indicative of a healthy economy," said Nela Richardson, chief economist at ADP. "Employers have grown more optimistic that consumers, the backbone of the economy, will remain resilient." Fifteen minutes after ADP's data was released, the BEA put out its first look at GDP growth in the second quarter, which showed the US economy grew at an annualized rate of 3% in the second quarter, faster than the 2.6% that had been expected by economists. In the first three months of the year, the US economy contracted at a rate of 0.5%. The BEA noted in its release the rebound in the second quarter was largely a result of decreased imports, which had weighed on growth in the first quarter as businesses increased orders ahead of expected tariffs. In response to the data, longer-term Treasury yields ticked slightly higher while futures remained little-changed ahead of the Federal Reserve's policy announcement set for 2:00 p.m. ET. In a post on Truth Social following the GDP data, President Trump again called on the Fed to cut rates. The central bank is widely expected to make no change to its interest rate policy later today. Data from ADP on private payroll growth and the first look at second quarter GDP growth out Wednesday morning both topped forecasts, a sign of continued resilience in the US economy. Private payroll growth in July tallied 104,000 according to the latest data from ADP, more than the 77,000 jobs that private employers were expected to add and a rebound from the 23,000 jobs that were cut in the sector last month. "Our hiring and pay data are broadly indicative of a healthy economy," said Nela Richardson, chief economist at ADP. "Employers have grown more optimistic that consumers, the backbone of the economy, will remain resilient." Fifteen minutes after ADP's data was released, the BEA put out its first look at GDP growth in the second quarter, which showed the US economy grew at an annualized rate of 3% in the second quarter, faster than the 2.6% that had been expected by economists. In the first three months of the year, the US economy contracted at a rate of 0.5%. The BEA noted in its release the rebound in the second quarter was largely a result of decreased imports, which had weighed on growth in the first quarter as businesses increased orders ahead of expected tariffs. In response to the data, longer-term Treasury yields ticked slightly higher while futures remained little-changed ahead of the Federal Reserve's policy announcement set for 2:00 p.m. ET. In a post on Truth Social following the GDP data, President Trump again called on the Fed to cut rates. The central bank is widely expected to make no change to its interest rate policy later today. Premarket trending tickers: Novo Nordisk stock falls, Starbucks stock pops Here's a look at some of the top stocks trending in premarket trading: Novo Nordisk (NVO): The stock continued to sink on Wednesday, falling 4% premarket after a 21% wipeout on Tuesday. The drugmaker cut its full-year sales and operating profit guidance again, related to lower growth expectations for its diabetes and weight-loss drugs, Wegovy and Ozempic. Eli Lilly stock also fell Tuesday but was up 1% Wednesday morning. Starbucks (SBUX): Shares of the coffee giant popped 5% premarket after the company reported its sixth straight quarterly sales decline. But things weren't as bad as investors feared, and CEO Brian Niccol assured Wall Street that the company was "ahead of schedule" in its turnaround plan. V.F. Corp (VFC): The Vans parent's stock soared nearly 20% after the company beat first quarter revenue estimates on Wednesday, aided by an uptick in demand for its apparel and footwear products. Palo Alto Networks (PANW): The software company is in final talks to acquire Israeli cybersecurity provider CyberArk, the Wall Street Journal reported, and the deal could be finalized as early as this week. The deal could place a value north of $20 billion on CyberArk, potentially making it one of the largest tech takeovers this year. Shares of Palo Alto Networks rose 0.4% in premarket trading. Meta (META) and Microsoft (MSFT) stocks rose modestly ahead of their quarterly results, which are set to be released after the closing bell on Wednesday. Investors will be looking to the two Big Tech companies for signs of AI sales growth and monetization. Read live coverage of corporate earnings here. Here's a look at some of the top stocks trending in premarket trading: Novo Nordisk (NVO): The stock continued to sink on Wednesday, falling 4% premarket after a 21% wipeout on Tuesday. The drugmaker cut its full-year sales and operating profit guidance again, related to lower growth expectations for its diabetes and weight-loss drugs, Wegovy and Ozempic. Eli Lilly stock also fell Tuesday but was up 1% Wednesday morning. Starbucks (SBUX): Shares of the coffee giant popped 5% premarket after the company reported its sixth straight quarterly sales decline. But things weren't as bad as investors feared, and CEO Brian Niccol assured Wall Street that the company was "ahead of schedule" in its turnaround plan. V.F. Corp (VFC): The Vans parent's stock soared nearly 20% after the company beat first quarter revenue estimates on Wednesday, aided by an uptick in demand for its apparel and footwear products. Palo Alto Networks (PANW): The software company is in final talks to acquire Israeli cybersecurity provider CyberArk, the Wall Street Journal reported, and the deal could be finalized as early as this week. The deal could place a value north of $20 billion on CyberArk, potentially making it one of the largest tech takeovers this year. Shares of Palo Alto Networks rose 0.4% in premarket trading. Meta (META) and Microsoft (MSFT) stocks rose modestly ahead of their quarterly results, which are set to be released after the closing bell on Wednesday. Investors will be looking to the two Big Tech companies for signs of AI sales growth and monetization. Read live coverage of corporate earnings here. A divided Fed is expected to hold rates steady, defying Trump's calls for a cut The Federal Reserve is widely expected to hold interest rates steady on Wednesday, though the central bank remains internally divided over the path of monetary policy amid the Trump administration's pressure on the Fed. Yahoo Finance's Jennifer Schonberger reports: Read more here. The Federal Reserve is widely expected to hold interest rates steady on Wednesday, though the central bank remains internally divided over the path of monetary policy amid the Trump administration's pressure on the Fed. Yahoo Finance's Jennifer Schonberger reports: Read more here. Whirlpool is championing the tariffs that have hammered its quarter Yahoo Finance's Hamza Shaban digs into the tariffs story for Whirlpool (WHR) in today's Morning Brief: Read more here on why Whirlpool is looking past tariff setbacks. Yahoo Finance's Hamza Shaban digs into the tariffs story for Whirlpool (WHR) in today's Morning Brief: Read more here on why Whirlpool is looking past tariff setbacks. Good morning. Here's what's happening today. Economic data: Federal Reserve monetary policy decision; GDP annualized; ADP private payrolls (July); (second quarter); Pending home sales, (June); MBA Mortgage Applications (July 25); Minnesota Chicago PMI (July) Earnings: Meta (META), Microsoft (MSFT), Arm (ARM), Altria (MO), Carvana (CVNA), Ford (F), Generac (GNRC), Harley Davidson (HOG), Hershey (HSY), Humana (HUM), The Kraft Heinz Company (KHC), Qualcomm (QCOM), Robinhood (HOOD) Here are some of the biggest stories you may have missed overnight and early this morning: Fed set to hold rates steady, defying Trump's call for a cut Whirlpool is championing the tariffs that have hammered its quarter Meta to report Q2 earnings amid AI investment push Microsoft to report Q4 earnings as Wall Street looks for continued AI growth Deal-hunting Americans are putting corporates on watch Trump eyes 25% India tariff, US-China truce in the balance Wall Street's riding high on relief, not results: Strategist Tesla signs $4.3B battery deal, cuts reliance on China Economic data: Federal Reserve monetary policy decision; GDP annualized; ADP private payrolls (July); (second quarter); Pending home sales, (June); MBA Mortgage Applications (July 25); Minnesota Chicago PMI (July) Earnings: Meta (META), Microsoft (MSFT), Arm (ARM), Altria (MO), Carvana (CVNA), Ford (F), Generac (GNRC), Harley Davidson (HOG), Hershey (HSY), Humana (HUM), The Kraft Heinz Company (KHC), Qualcomm (QCOM), Robinhood (HOOD) Here are some of the biggest stories you may have missed overnight and early this morning: Fed set to hold rates steady, defying Trump's call for a cut Whirlpool is championing the tariffs that have hammered its quarter Meta to report Q2 earnings amid AI investment push Microsoft to report Q4 earnings as Wall Street looks for continued AI growth Deal-hunting Americans are putting corporates on watch Trump eyes 25% India tariff, US-China truce in the balance Wall Street's riding high on relief, not results: Strategist Tesla signs $4.3B battery deal, cuts reliance on China Meta and Microsoft are set to kick off this week's Big Tech earnings Yahoo Finance's Dan Howley has previews of both Meta (META) and Microsoft (MSFT), whose reports come Wednesday. For Meta, it's all about the AI hiring and spree: And Microsoft remains chugging along, its stock up more than 20% this year. Dan says Alphabet's (GOOG, GOOGL) well-received results last week could bode well for Microsoft, as investors focus on AI-driven sales gains: Read more on Meta and Microsoft. Yahoo Finance's Dan Howley has previews of both Meta (META) and Microsoft (MSFT), whose reports come Wednesday. For Meta, it's all about the AI hiring and spree: And Microsoft remains chugging along, its stock up more than 20% this year. Dan says Alphabet's (GOOG, GOOGL) well-received results last week could bode well for Microsoft, as investors focus on AI-driven sales gains: Read more on Meta and Microsoft. Trending tickers: Seagate, Avis and Sarepta Here are some top stocks trending on Yahoo Finance in premarket trading: Seagate Technology (STX) shares fell more than 6% on Wednesday before the bell after the company's first-quarter revenue forecast fell below Wall Street estimates on Tuesday. Seagate earnings were hurt by weak demand for its storage devices amid ongoing uncertainty in the personal computer market. Avis (CAR) stock fell 5% premarket following the car rental company's earnings results on Tuesday. It was also announced that Alphabet (GOOG, GOOGL)-owned company Waymo plans to launch a robotaxi service next year in Dallas and will partner with Avis Budget Group to manage its fleet of all-electric autonomous Jaguar I-Pace vehicles. Sarepta Therapeutics (SRPT) stock rose 10% in premarket trading on Wednesday following the news that it will now start shipping its top-selling muscular dystrophy therapy, Elevidys, after the US Food and Drug Administration (FDA) reversed its request for a voluntary pause late Monday. Here are some top stocks trending on Yahoo Finance in premarket trading: Seagate Technology (STX) shares fell more than 6% on Wednesday before the bell after the company's first-quarter revenue forecast fell below Wall Street estimates on Tuesday. Seagate earnings were hurt by weak demand for its storage devices amid ongoing uncertainty in the personal computer market. Avis (CAR) stock fell 5% premarket following the car rental company's earnings results on Tuesday. It was also announced that Alphabet (GOOG, GOOGL)-owned company Waymo plans to launch a robotaxi service next year in Dallas and will partner with Avis Budget Group to manage its fleet of all-electric autonomous Jaguar I-Pace vehicles. Sarepta Therapeutics (SRPT) stock rose 10% in premarket trading on Wednesday following the news that it will now start shipping its top-selling muscular dystrophy therapy, Elevidys, after the US Food and Drug Administration (FDA) reversed its request for a voluntary pause late Monday. Starbucks stock pops after US sales fall less than feared Shares of Starbucks (SBUX) rose in premarket despite a quarterly profit miss after sales in the coffee chain's US outlets proved healthier than expected. Yahoo Finance's Brooke DiPalma reports: Read more here. Shares of Starbucks (SBUX) rose in premarket despite a quarterly profit miss after sales in the coffee chain's US outlets proved healthier than expected. Yahoo Finance's Brooke DiPalma reports: Read more here. Major Asian gauges see slight boost from US-China trade talks Markets across Asia saw tentative gains despite uncertainty in the aftermath of US-China trade talks. The two-day talks between the two economic powerhouses to discuss tariffs did not yield hard results, but representatives from both nations expressed positivity about the dialogue. Reuters reports: Read more here. Markets across Asia saw tentative gains despite uncertainty in the aftermath of US-China trade talks. The two-day talks between the two economic powerhouses to discuss tariffs did not yield hard results, but representatives from both nations expressed positivity about the dialogue. Reuters reports: Read more here. Samsung stock pops on Tesla deal Samsung Electronics ( has seen the benefits of a wave of market optimism following the unexpected announcement of a chipmaking deal with Tesla (TSLA) worth $16.5 billion. Bloomberg reports: Read more here. Samsung Electronics ( has seen the benefits of a wave of market optimism following the unexpected announcement of a chipmaking deal with Tesla (TSLA) worth $16.5 billion. Bloomberg reports: Read more here. Oil prices hold after Trump-Russia row Oil prices held gains overnight Tuesday after jumping 3% Monday, with supply issues in focus. Trump's continued pressure on Russia over the Ukraine war has raised concerns over how economic sanctions will impact the Slavic state's ability to produce oil at the current rate. Reuters reports: Read more here. Oil prices held gains overnight Tuesday after jumping 3% Monday, with supply issues in focus. Trump's continued pressure on Russia over the Ukraine war has raised concerns over how economic sanctions will impact the Slavic state's ability to produce oil at the current rate. Reuters reports: Read more here.
Yahoo
9 minutes ago
- Yahoo
KKR raises $6.5 billion for asset-backed financing
(Reuters) -Investment giant KKR said on Wednesday it had raised $6.5 billion to provide asset-backed financing, as companies and investors seek out credit alternatives beyond traditional loans. Asset-backed financing refers to loans backed by assets such as mortgages or royalties that have predictable cash flows. Such loans do not rely solely on a borrower's creditworthiness. KKR said it had hauled in $5.6 billion for a fund, named KKR Asset-Based Finance Partners II, and about $1 billion from separate accounts focused on the same type of investments. These funds give borrowers access to loans they might not get from banks, as traditional lenders have been pulling back from riskier loans due to strict regulations. The funds also offer firms such as KKR exposure to investments with consistent returns. "The $6 trillion ABF market, expected to top $9 trillion by 2029, remains undercapitalized despite its rapid growth," KKR's Global Head of Private Credit, Daniel Pietrzak, said. The latest fund attracted commitments from a wide base of investors, including pensions, sovereign wealth funds, insurers, asset managers and family offices, the company said. KKR launched its ABF in 2016. It manages more than $74 billion in ABF assets under management.
Yahoo
9 minutes ago
- Yahoo
English cricket chiefs confirm sale of six Hundred franchises
Six teams in English cricket's controversial Hundred competition have now been sold to private investors, with deals for the Oval Invincibles and Trent Rockets still to be formally completed, officials announced Wednesday. The England and Wales Cricket Board expect a windfall of nearly £1 billion ($1.32 billion) from an auction of Hundred franchises, with the fifth edition of the 100 balls per side tournament due to start next week. Global investors, including four groups with links to the cash-rich Indian Premier League, have sunk vast sums of money into the competition's eight city-based teams. The 100-balls-a-side format, which features men's and women's sides, was launched to great fanfare in 2021. It has proved controversial, with many county cricket fans angry at the way the tournament deprives their clubs of key players at the height of the season. The Hundred has also squeezed a marquee five-match Test series such as England's ongoing clash with India into a congested seven-week schedule so it can have much of August to itself. But the ECB is confident that £520 million of new investment will eventually work its way into the game following a franchise auction earlier this year. The ECB confirmed Wednesday the sale of stakes in six teams has now been completed, but the 49 percent share of Oval Invincibles to Reliance Group, the creation of the wealthy Mumbai-based Ambani family, the owners of the IPL's Mumbai Indians -- has still to be finalised. And the joint takeover of the Trent Rockets by Cain International and Ares Management has yet to be completed as well, although the ECB said Wednesday that both deals "remain on track". But purchases for London Spirit, Birmingham Phoenix, Manchester Originals, Northern Superchargers, Southern Brave and Welsh Fire have now been completed. "The Hundred has already played a vital role in growing cricket in England and Wales —- attracting new audiences, elevating the women's game and delivering high-quality entertainment," ECB chairman Richard Thompson said Wednesday. He added: "Crucially, this investment will not only fuel the competition's growth, but also channel transformative levels of funding into our professional counties and grassroots game." Three IPL ownership groups, out of a proposed four, have completed their takeovers, with the Sun Group taking full acquisition of Northern Superchargers. jdg/ea