Treace Medical Concepts: Q1 Earnings Snapshot
On a per-share basis, the Ponte Vedra, Florida-based company said it had a loss of 25 cents.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 31 cents per share.
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Uber Freight CEO Lior Ron Leaves $5.1B Unit For Waabi's AI-First Driverless Trucks: 'Most Positioned To Lead The Transformation'
Uber Freight founder and CEO Lior Ron is leaving the top job to become chief operating officer at self-driving truck startup Waabi, Bloomberg reports. Ron, who built Uber's (NYSE:UBER) freight and logistics unit into a $5.1 billion business, will lead Waabi as it works to launch fully driverless trucks in Texas before the end of this year. According to TechCrunch, Ron's move comes as autonomous freight technology nears commercial viability, and Waabi prepares to scale operations against deep-pocketed rivals like Aurora, which has already launched the first driverless trucking route in the U.S. Tesla (NASDAQ:TSLA) veteran Rebecca Tinucci, who TechCrunch says spent six years building the automaker's charging network, will replace Ron as head of Uber Freight after Tesla cut its charging staff last year. Ron will remain chair of Uber Freight while taking on his new role at Waabi, Bloomberg reports. Don't Miss: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — Bill Gates Warned About Water Scarcity. Ron and Raquel Urtasun Reunite to Drive AI-First Autonomy to Market Waabi founder and CEO Raquel Urtasun told TechCrunch that Ron will lead go-to-market strategy, expand key partnerships, and bring Waabi from its current development stage to "commercialization at scale." She pointed to his track record of scaling Uber Freight from inception to a multibillion-dollar revenue operation as proof that he can guide Waabi through its next phase. Ron and Urtasun share a history in the sector, TechCrunch says. Ron co-founded self-driving truck company Otto, which Uber acquired in 2016, while Urtasun served as Uber's chief scientist for self-driving research between 2017 and 2021. Ron said his decision to join Waabi was driven by timing and the scale of opportunity in autonomy, telling TechCrunch, "If the most impactful thing to do in the next decade is autonomy, and if the timing is right, then for me it's really about joining forces with who I think is most positioned to lead the transformation." Ron described the career shift as "like going back to the roots" in an interview with Bloomberg. Trending: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can Inside Waabi's $287.7M AI-First Platform and Virtual Test World Founded in 2021, Waabi has raised $287.7 million, including a $200 million Series B in 2024 led by prominent investors, such as Uber and Khosla Ventures. Urtasun told TechCrunch the company's "AI-first" approach allows it to develop and validate self-driving systems with fewer resources and in less time than competitors. Central to Waabi's development is Waabi World, a closed-loop simulator that trains and tests its self-driving software by generating real-time scenarios, including accidents and construction zones, without physical risk. According to TechCrunch, earlier this year, Waabi declared its system "feature complete," meaning it had all the necessary capabilities to operate without a human driver and was now focusing on performance improvements and validation ahead of its driverless launch. The company plans to begin operations in Texas, which TechCrunch says has become a hub for autonomous freight testing and deployment, but has not disclosed the specific routes or launch partners. Waabi is collaborating with Volvo Autonomous Solutions to build custom autonomous trucks for its Lior Ron Says Freight Operators 'Could Not Wait' For Waabi's Depot-To-Door Driverless Trucks Ron told TechCrunch that demand from freight operators is strong, noting that chief supply chain officers and major carriers he met at Uber Freight "could not wait" for self-driving trucks. He added that Waabi's trucks will be able to drive directly to customer depots, avoiding the need for costly transfer terminals, and will deliver a "commercial-ready solution" for operators looking to integrate autonomy quickly. With Aurora's public market funding and head start on commercial routes, TechCrunch says that Waabi's leadership is betting that its leaner, AI-driven approach will help it compete and scale faster in the race to lead autonomous freight in the U.S. Read Next: In a $34 Trillion Debt Era, The Right AI Could Be Your Financial Advantage — Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? TESLA (TSLA): Free Stock Analysis Report This article Uber Freight CEO Lior Ron Leaves $5.1B Unit For Waabi's AI-First Driverless Trucks: 'Most Positioned To Lead The Transformation' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. 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If You'd Invested $1,000 in SHIB 5 Years Ago, Here's How Much You'd Have Today
Key Points Shiba Inu originally launched as a meme coin embracing humor and internet-driven virality, much like its counterpart Dogecoin. Unlike Dogecoin, Shiba Inu has rolled out a number of applications that have real-world utility beyond peer-to-peer payments. Over the last five years, the price of Shiba Inu token has fluctuated substantially. 10 stocks we like better than Shiba Inu › When most people begin investing, their portfolios consist solely of the basics -- stocks, bonds, and cash. Cautious newcomers might even sidestep individual stock picking in favor of passive vehicles like exchange-traded funds (ETFs) or mutual funds. Over time, as investors gain confidence and learn more sophisticated strategies, they might branch out into alternative assets such as real estate, commodities, or collectibles. In recent years, however, a new contender has entered the alternative asset conversation: cryptocurrency. Both prominent stock market personalities and institutional funds have embraced the idea of digital assets as a slice of diversified portfolio allocation. While heavyweights such as Bitcoin and Ethereum dominate the spotlight, a wave of highly speculative tokens have captured the attention of retail investors. Among them is Shiba Inu (CRYPTO: SHIB), a meme coin with a dedicated fanbase online, a beloved dog mascot, and playful endorsements from high-profile figures such as Elon Musk. Let's explore the dynamics of the token, and assess if buying Shiba Inu at its launch five years ago has paid off. What is Shiba Inu coin? At its core, Shiba Inu is an altcoin created in homage to another internet favorite, Dogecoin. Launched in 2020 by a team of anonymous developers collectively known under the pseudonym Ryoshi, Shiba Inu's original purpose leaned more toward capitalizing on culture-driven trends and meme-fueled hype rather than serving as a prudent investment vehicle. Where it differs from Dogecoin, however, is in its technical foundation and subsequent product ecosystem. Unlike Dogecoin, Shiba Inu runs on the Ethereum blockchain network as an ERC-20 token. This is an important differentiator, as the Ethereum architecture provides Shiba Inu with access to a broad suite of sophisticated utilities beyond simple decentralized payments. One of its major offerings is ShibaSwap, a decentralized exchange (DEX) where users can trade the SHIB token, stake their positions to earn rewards, and even engage with metaverse-adjacent projects -- including initiatives featuring non-fungible tokens (NFTs). Is Shiba Inu a good investment? In theory, Shiba Inu's expansion into numerous applications across decentralized finance (DeFi) should help position the token beyond the speculative nature of meme culture. Let's take a look at Shiba Inu's price action since it launched to get a sense if these investments have helped the token transcend its affiliation with meme culture. Since its debut about five years ago, the price of Shiba Inu token has fluctuated dramatically, with volatility levels outpacing the turbulent norms of the cryptocurrency market. Unlike mainstream opportunities like Bitcoin, Ethereum, or XRP, the price of Shiba Inu has never traded for more than mere fractions of a penny. According to data from CoinMarketCap, Shiba Inu's price when it launched hovered around $0.00001008. In 2021, the token rose by more than 770% to a whopping $0.000088 following its listing on Coinbase. As of this writing on Aug. 14, Shiba Inu trades for $0.000013, representing a 29% gain from its launch price. That means a $1,000 investment at Shiba Inu's debut would be worth about $1,290 today. While this is respectable, it vastly underperforms the gains seen across the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) over the same time frame. Should you invest $1,000 in Shiba Inu right now? Before you buy stock in Shiba Inu, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Shiba Inu wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,106,071!* Now, it's worth noting Stock Advisor's total average return is 1,070% — a market-crushing outperformance compared to 184% for the S&P 500. 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 Adam Spatacco has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Ethereum, and XRP. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy. If You'd Invested $1,000 in SHIB 5 Years Ago, Here's How Much You'd Have Today 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
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Power couple Jay-Z, Beyoncé have $57M mortgage — are they ‘broke billionaires' or is something else going on?
Why bother with a mortgage when you have billions of dollars? Why even fill out a loan application for that matter when you can simply pay cash for any home on the market? Well, that's probably why Jay-Z and Beyoncé's decision to take on not one but two mortgages on their $88 million Bel Air mansion has raised some eyebrows. Shop Top Mortgage Rates Personalized rates in minutes A quicker path to financial freedom Your Path to Homeownership Property records examined by The Daily Mail suggest that the couple, who are worth roughly $3.3 billion together, secured a $57.75 million mortgage on the property this April. That's in addition to the previous $52.8 million mortgage secured four years ago. Are the music moguls struggling financially and broke billionaires, as some online commentators have speculated, or is this a savvy real estate move? Here's a closer look. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it I've got 99 problems, but a mortgage ain't one An outstanding liability of roughly $110.55 million on a single property sounds mind-boggling until you put it into context. Not only is the figure just 3.4% of the couple's combined wealth, it's also at a fairly attractive interest rate. According to The Daily Mail, the new mortgage has been secured from Morgan Stanley's Private Bank Group at a 30-year term with an interest rate fixed at 5% for the next ten years. The previous mortgage, meanwhile, was secured from Goldman Sachs at 3.15%. Effectively, the average rate on both these mortgages is significantly below the August 2025 30-year mortgage rate of 6.6%, according to the Federal Reserve. Even if the interest rates were closer to the average, these loans would have still unlocked some key financial benefits for the billionaire couple. Buy, borrow, die By borrowing money against an asset they can easily afford, Jay-Z and Beyoncé seem to be pulling from the 'Buy, Borrow, Die' playbook. The strategy involves acquiring appreciating assets, such as real estate, stocks or artwork. Then they borrow against those assets to create tax-free cash flow, subsequently passing the assets to their heirs (Blue Ivy, Rumi and Sir) to erase capital gains over the long term. Beyond the tax advantages, this method also helps wealthy families minimize opportunity costs. By borrowing against their Bel Air mansion, Jay-Z and Beyoncé can invest roughly $110 million in their various business ventures or even the S&P 500, which has delivered a compounded annual growth rate of 13.66% over the past ten years. On their passing, the property portfolio's tax basis would reset, potentially saving the three children millions of dollars in capital gains taxes. Jay-Z and Beyoncé are not the only ones using this clever strategy. Back in 2012, Meta's CEO Mark Zuckerberg refinanced his Palo Alto home at a 30-year fixed term with an adjustable rate of 1.05% despite being the 40th richest person in the world at the time. The good news is that you don't have to be a billionaire to use leverage as a financial tool. Read more: Nervous about the stock market? Gain potential quarterly income through this $1B private real estate fund — even if you're not a millionaire. Can't knock the hustle Anyone, regardless of their net worth, can use debt in strategic ways to start building wealth. The most important part of this strategy is to borrow only for appreciating assets. So, a mortgage to buy property or a business loan to start a new venture should help you build equity, while an expensive personal loan or credit card debt to finance vacations could destroy wealth over time. While borrowing money, shop around for the best rate and try to negotiate before signing up. Every basis point you can cut from the loan agreement can magnify your savings over the long term. You may also want a hard cap on how much you can borrow, regardless of how low the interest rate is or how attractive the underlying asset seems. Zuckerberg, Jay-Z and Beyoncé have mortgages that are a small fraction of their overall net worth. Similarly, financial advisors suggest keeping your debt-to-income ratio below 41% to avoid risk. Finally, consult a financial advisor to understand all the tax benefits your loan could offer. For example, couples filing together can deduct mortgage interest payments from their taxable income for payments on the first $750,000 of mortgage debt. By strategically planning and applying debt in this way, you could supercharge your wealth creation journey. What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 simple ways to grow rich with real estate if you don't want to play landlord. And you can even start with as little as $10 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. 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
