US Shale Drillers Add One Rig, Break 14-Week Streak of Declines
Rigs drilling for oil in the US rose by 1 to 411, according to Baker Hughes Co. data released Friday. Since the start of May, the count had fallen in the longest streak since an 18-week drop in July 2020 and reached the lowest level since September 2021.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
Dow Touches First Record High of the Year as UnitedHealth Group Stock Soars
The Dow Jones Industrial Average opened at its first all-time high of the year on Friday as shares of health care giant UnitedHealth Group (UNH) soared. The Dow opened 0.5% higher to trade at about 45,150 Friday morning, leapfrogging its prior record of 45,073 set in early December. UnitedHealth Group led the index higher, rising nearly 12% after a regulatory filing Thursday afternoon revealed Warren Buffett's Berkshire Hathaway (BRK.B) had taken a $1.6 billion stake in the company. The Dow is the last of the major large-cap indexes to set a record high this year. The S&P 500 and Nasdaq Composite have closed at records 18 and 20 times, respectively, since the start of the year. The majority of those came in July, when solid earnings reports helped allay some lingering fears about the effect tariffs could have on corporate America's profits. The Dow started 2025 off on the back foot, mostly because of the stock that's fueling its gains today. UnitedHealth Group shares tumbled last December after the CEO of its insurance arm, Brian Thompson, was fatally shot in Manhattan. The shooting reignited debate over U.S. health care costs and intensified criticism of pharmacy benefit managers, including UnitedHealth's OptumRx. UnitedHealth and other insurers continued to struggle in the new year as elevated health care costs crimped their results and federal regulators scrutinized industry billing practices. By early August, UnitedHealth was trading more than 60% off its all-time high set in November. For the Dow to close at a record high, it will need to close above 45,014.04, about 0.2% above its close on Thursday. The index was up 0.2% at 44,995 in recent trading. Read the original article on Investopedia
Yahoo
25 minutes ago
- Yahoo
Telvantis Set to Fast-Track AI and Web3 Expansion Through Strategic LOI Between Mexedia and Digital Innovations Group
NEW YORK - August 15, 2025 (NEWMEDIAWIRE) - Telvantis Inc. (OTC: RDAR), a subsidiary of Mexedia S.p.A. Societa Benefit (Euronext Growth Paris: ALMEX), today announced its strong support for Mexedia's recently signed non-binding Letter of Intent ("LOI") to acquire an equity stake in Digital Innovations Group ("DIG"), a consulting and technology firm at the forefront of blockchain, artificial intelligence (AI), and machine learning (ML). The contemplated transaction between Mexedia and DIG is expected to deliver immediate benefits to Telvantis by expanding access to advanced AI/ML frameworks, blockchain infrastructure, and a broader pipeline of innovation across multiple sectors. "For Telvantis, this isn't just a parent-company investment - it's a strategic force multiplier," said Daniel Contreras, CEO of Telvantis. "DIG's expertise in AI, blockchain, and data integration aligns perfectly with our own development roadmap, giving us new tools and co-development opportunities to deliver solutions to market faster and at greater scale." Orlando Taddeo, CEO of Mexedia, commented: "Telvantis is a critical innovation hub within the Mexedia ecosystem. By bringing DIG's technology and consulting capabilities into our orbit, we empower Telvantis to drive even more impactful, measurable outcomes for clients across Europe, the Middle East, and the Americas." Benefits to Telvantis Accelerated Product Development: Leverage DIG's AI/ML and blockchain toolset to enhance Telvantis' in-market offerings and speed up prototyping-to-deployment timelines. Expanded Market Reach: Combine Telvantis' consulting and growth marketing capabilities with Mexedia's global client base and DIG's vertical expertise. Innovation Pipeline: Co-create new vertical solutions - from financial services to telecom and retail - using AI, smart contracts, and omnichannel delivery systems. LOI Details The LOI between Mexedia and DIG is non-binding and subject to customary conditions, including confirmatory due diligence, negotiation of definitive agreements, and any required corporate or regulatory approvals. Mexedia and DIG expect to work toward definitive documentation in the coming weeks. Financial terms were not disclosed. About Telvantis Inc. Telvantis Inc., (OTC: RDAR) is a U.S.-based telecommunications company delivering advanced solutions to operators, enterprises, and network providers worldwide. Through its recent acquisitions of operations in the U.S. and Ireland, Telvantis has strategically expanded its portfolio to encompass cutting-edge 5G technologies, cloud-based communications platforms, and enterprise-grade services. This expansion, combined with a forward-thinking approach, positions Telvantis for accelerated growth and market leadership in the evolving telecommunications landscape. About Mexedia Mexedia S.p.A. Societ Benefit is a global technology company listed on Euronext Growth Paris (ticker: ALMEX). The company provides innovative solutions for managing brandcustomer communications, combining SMS, omnichannel marketing, and workflow automation. Through its Mexedia ON suite, it delivers tools that integrate AI, IoT, and advanced analytics, enabling businesses to simplify operations and enhance customer relationships. Forward-looking statements This press release contains forward-looking statements that involve risks and uncertainties. These statements reflect the Company's current expectations regarding future events and are based on management's beliefs and assumptions. Actual results could differ materially from those projected due to various factors, including market conditions, competition, and the successful integration of acquired operations. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by law. Investor Relations Contact Telvantis Inc.1680 Michigan Avenue, Suite 700Miami Beach, FL 33139Email: ir@ @TelvantisLinkedIn: Telvantis View the original release on
Yahoo
25 minutes ago
- Yahoo
2 Growth Stocks That Wall Street Might Be Sleeping On, but I'm Not
Key Points Lululemon stock continues to fall, but consumer interest in the brand is as strong as ever. Roku stock has underperformed for the past few years, but viewership on its platform continues to rise. 10 stocks we like better than Lululemon Athletica Inc. › The current tech-fueled bull market continues to draw attention on Wall Street. All the major indices have hit new highs recently, but most of the focus among investors is concentrated on companies benefiting from artificial intelligence. Meanwhile, valuations for companies in other sectors are looking attractive. Some top brands in the consumer goods sector are starting to look interesting from a value perspective. Here are two stocks that have fallen out of favor on Wall Street but could see a rebound over the next few years. 1. Lululemon Athletica Shares of Lululemon Athletica (NASDAQ: LULU) have plummeted to new 52-week lows in the past month and are down by more than 60% from their peak, but there seems to be a growing discrepancy between the company's brand strength and its stock price. There are customers of the brand who swear by the product quality, and this is echoed in growing search interest on Google Trends. Wall Street obviously has cooled toward companies dependent on a cautious consumer, but Lululemon stock offers incredible value at under $200. Lululemon has had an amazing growth story. Over the last 10 years, revenue and earnings grew at a compound annual rate of 19% and 24%, respectively. Those are impressive numbers for a company that must vie for market share with powerhouses like Nike and Adidas. They also show how much room there is in the athletic apparel industry for new brands to stand out with differentiated product designs. Further, Lululemon's successes highlight how fragmented this part of the apparel industry is, and the opportunity for a rising tide to lift all boats. After five decades of growth, Nike is the largest brand, but it only reaps a minor portion of consumers' activewear spending. Overall, the athletic apparel market was worth $406 billion in 2024, according to Grand View Research, which expects it to grow at an annualized rate of 9% through 2030. Lululemon reported a 7% year-over-year revenue increase in the first quarter, which is relatively strong considering the weak consumer spending backdrop across the apparel industry. It still has a lot of potential in international markets, which provide only a small portion of annual revenue now, and it continues to see strong customer responses to new releases. I believe it will grow sales much faster in a stronger economy. The stock looks undervalued at a forward price-to-earnings ratio of 13. This might be a fair multiple for a company growing sales and earnings at low rates, but if Lululemon returns to double-digit percentage sales growth over the next year, the stock could rocket higher. Just returning to its previous peak of $516 would more than double an investment made at today's price. 2. Roku Roku (NASDAQ: ROKU) stock also has underperformed the past few years, which doesn't match the growth of its streaming platform. Its key product is a smart TV operating system that aggregates content from all the major streaming services, which is part of the value proposition for consumers who feel increasingly swamped by too many streaming options. While Apple TV is a top competitor, not everyone needs to be locked into the Apple ecosystem, especially at the premium prices the tech giant charges for its devices. Roku has a large and growing customer base thanks to its position as a budget-friendly alternative with an ad-supported revenue strategy. The stock's current $84 price is well off the $490 high it reached during the pandemic. A slowing advertising market weighed on revenue growth, and the company is still recovering from that slump. However, management has made a lot of investments into ad technology and partnerships with third-party demand-side platforms like Amazon, and this strategy is paying off. Platform revenue, gross profit, and streaming hours all grew by double-digit percentages in the second quarter. Roku's active accounts consistently grew at double-digit rates over the past few years. Roku says it now serves over half of all U.S. broadband households. Overall, these users spent more than 35 billion hours watching content on Roku last quarter, up from 30 billion in the prior-year period. Advertising dollars ultimately flow to where the viewers are, and this is why I think Roku stock could deliver strong returns from its currently depressed level. The growth rate in video advertising on its platform during Q2 was greater than the growth of the broader U.S. digital ad market, signaling that Roku is taking advantage of its opportunity to capture a greater amount of the ad spending that is shifting to digital media. Management expressed optimism about Roku's prospects in 2026. It cited execution in monetization initiatives and pointed to improvements in its EBITDA (earnings before interest, taxes, depreciation, and amortization) margins. Adjusted EBITDA grew 79% year over year in Q2, with trailing-12-month free cash flow up 23%, and the company expects further margin expansion next year. Wall Street is not too hot on the stock due to Roku's history of weak profitability. The company needs to prove it can profitably benefit from growth in digital advertising, but that is the outlook management is offering for 2026. Assuming the company succeeds in improving margins, the stock should move higher over the next 18 months or so. Do the experts think Lululemon Athletica Inc. is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Lululemon Athletica Inc. make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,071% vs. just 185% for the S&P — that is beating the market by 886.18%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $663,630!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,115,695!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Lululemon Athletica Inc., Nike, and Roku. The Motley Fool has a disclosure policy. 2 Growth Stocks That Wall Street Might Be Sleeping On, but I'm Not was originally published by The Motley Fool 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
