US July budget deficit up 20% year-over-year despite record Trump tariff income
The U.S. saw a 273% increase — or $21 billion — in customs revenue in July over the same period last year, the data showed.
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Will the White House actually host a UFC fight next Fourth of July?
UFC CEO Dana White appeared to confirm that UFC will head to the White House next year. Last month, President Donald Trump announced that he wanted the White House to host a UFC match on July 4, 2026, for the country's 250th birthday. 'We're going to have a UFC fight, think of this, on the grounds of the White House,' Trump said, per the BBC. 'We have a lot of land there.' White spoke to The Associated Press this week about the plans for the fight. 'It's absolutely going to happen,' White said. 'Think about that, the 250th birthday of the United States of America, the UFC will be on the White House south lawn live on CBS.' White will meet with the president and his daughter Ivanka on August 28 'to catch up and discuss logistics' for the fight, per AP. 'When he called me and asked me to do it, he said: 'I want Ivanka in the middle of this,'' White said, per BBC. 'So Ivanka reached out to me, and her and I started talking about the possibilities, where it would be and, you know, I put together all the renderings.' In his announcement, the president stated he expects 20,000 to 25,000 spectators to attend, according to ESPN. Several UFC fighters are interested in fighting in the event, per White. 'Everybody wants to fight this fight,' he told Happy Punch. Trump has already attended two UFC events since his inauguration earlier this year. In July, he also spoke with Derrick Lewis on the phone immediately after he won a heavyweight contest, as the Deseret News previously reported. Lewis was still on the phone while he was declared the winner. UFC's billion dollar deal with Paramount White's comments came days after UFC finalized a massive new media rights deal with Paramount. The seven-year deal will go into effect after UFC's current deal with ESPN expires at the end of this year. The deal 'has an average annual value of $1.1 billion,' AP reported. All UFC content will also be available on the network's streaming platform, Paramount+. 'This historic deal with Paramount and CBS is incredible for UFC fans and our athletes. For the first time ever, fans in the U.S. will have access to all UFC content without a pay-per-view model, making it more affordable and accessible to view the greatest fights on a massive platform,' White said on X.
Yahoo
26 minutes ago
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Tour Championship now offers official money and richest prize in golf with a $40 million purse
OWINGS MILLS, Md. (AP) — The Tour Championship now has the richest individual prize fund in golf with the PGA Tour making the FedEx Cup payoff count as official money for the first time. The total purse is $40 million, with $10 million to the winner. Since the FedEx Cup began in 2007, the bonus pool at the end of the Tour Championship was unofficial money, with part of it deferred. Prize money was eliminated at the Tour Championship when the postseason was reduced from four to three tournaments in 2019, and the FedEx Cup bonus pool increased. With the introduction that year of 'starting strokes" — the No. 1 seed started at 10-under par and had a two-shot lead over the No. 2 seed — whoever won the finale at East Lake won the FedEx Cup and was credited with a PGA Tour title for winning the Tour Championship. In a change this year, the starting strokes were eliminated, and the top 30 players who reach the Tour Championship will all start from scratch like a normal tournament. A PGA Tour spokesperson confirmed Wednesday evening that the $40 million bonus pool will now be official money at East Lake. In another change, the $25 million for winning the FedEx Cup was spread out. Scottie Scheffler received $10 million for leading the FedEx Cup in the regular season, and he will get $5 million for being the No. 1 seed after this week's BMW Championship. That is still part of the bonus pool and will not be official money. But now that the player with lowest score wins the Tour Championship — and FedEx Cup — the $40 million set aside for the top 30 players will be official, with $10 million to the winner. Scheffler leads the money list with $20,362,883. Masters champion Rory McIlroy ($16,156,418) and U.S. Open champion J.J. Spaun ($12,302,222) now will have a mathematical chance of topping Scheffler if they win at East Lake. The runner-up at East Lake gets $5 million in official money, while third place gets $3,705,000. Last place gets $355,000. The last time East Lake had an official purse was in 2018 at $9 million, and Tiger Woods won $1.62 million. Justin Rose won the FedEx Cup without winning a postseason event and got the $10 million bonus. Patrick Cantlay was among several players who liked the change away from starting strokes, and he said winning the Tour Championship — even if a player was at No. 30 — was still worthy of being the FedEx Cup champion. 'I think at this point if you played a whole year and get into the Tour Championship with the guys who have played — the 30 best guys who have played the best all year — and you beat them that week with everything on the line, that's a huge accomplishment,' he said. ___ AP golf:
Yahoo
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Ondas Holdings Inc (ONDS) Q2 2025 Earnings Call Highlights: Record Revenue and Strategic Growth ...
Release Date: August 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Ondas Holdings Inc (NASDAQ:ONDS) reported record quarterly revenue of $6.3 million, a more than sixfold increase over the same period last year. The company reaffirmed its full-year revenue target of at least $25 million for 2025, with more than $20 million expected from its OAS business unit. Ondas Holdings Inc (NASDAQ:ONDS) has a strong balance sheet with $68.6 million in cash and no holding company debt, providing financial flexibility for growth. The company has secured over $39 million in orders in the last 12 months, with a backlog growing to $22 million at the end of Q2 2025. Ondas Holdings Inc (NASDAQ:ONDS) is expanding its footprint in defense and homeland security markets, with significant orders from Europe, Asia, and the United States. Negative Points Operating expenses increased to $12.6 million in Q2 2025, up from $8.1 million in Q2 2024, primarily due to higher human resource costs. The company reported an operating loss of $9.2 million in Q2 2025, compared to $8.3 million in Q2 2024. Ondas Holdings Inc (NASDAQ:ONDS) is still in the early stages of platform adoption, with revenues not yet covering operating expenses. Gross margins can be volatile due to early stages of platform adoption and shifts in revenue mix. The company faces uncertainty around the timing of customer activity, which could affect revenue fluctuations from quarter to quarter. Q & A Highlights Warning! GuruFocus has detected 6 Warning Signs with ONDS. Q: Can you provide more details on the $23 million plus of bookings and the source of this confidence? A: Eric Brock, Chairman and CEO, explained that the bookings are driven by a combination of new customer acquisitions and the expansion of existing programs. The company is capturing new customers with proof-of-concept orders and aims to expand these into larger infrastructure build-outs. The pipeline includes potential orders in the tens of millions of dollars, suggesting that the guidance might be conservative. Q: Are the two control acquisitions in addition to the recent small acquisition, and will they contribute to revenue? A: Eric Brock confirmed that the two control acquisitions are in addition to the recent transactions with Zickle and Rift. These acquisitions are expected to be revenue-generating and will contribute to the company's growth. Q: Is the current gross margin a good reflection of the OAS business at scale? A: Eric Brock stated that while the current gross margin is a good target, there is potential for improvement through increased volume and design for manufacturing. However, he cautioned that margins might be volatile until the business reaches scale. Q: How do the two acquisitions tie in with the 2026 revenue target, and were they included in the original forecast? A: Eric Brock clarified that the 2026 revenue target of $40 million for OAS was entirely organic. The acquisitions will be accretive to both the 2025 and 2026 outlooks. Q: Can you provide more details on the Kestrel win with the Urban Public Safety Agency? A: Eric Brock explained that the Kestrel system is an airspace awareness tool, primarily bundled with the Optimus infrastructure. The demand for counter-UAS technologies is growing, and the Kestrel system is part of the initial detection layer. The company sees potential for further engagement with this customer. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
