logo
McEwen: Q2 Earnings Snapshot

McEwen: Q2 Earnings Snapshot

Washington Post3 days ago
TORONTO — TORONTO — McEwen Inc. (MUX) on Wednesday reported profit of $3 million in its second quarter.
On a per-share basis, the Toronto-based company said it had net income of 6 cents.
The gold and silver mining company posted revenue of $46.7 million in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MUX at https://www.zacks.com/ap/MUX
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Baird Holds on QuantumScape (QS) Amid Volkswagen Funding Boost
Baird Holds on QuantumScape (QS) Amid Volkswagen Funding Boost

Yahoo

time14 minutes ago

  • Yahoo

Baird Holds on QuantumScape (QS) Amid Volkswagen Funding Boost

QuantumScape Corporation (NYSE:QS) is one of the best battery tech stocks to buy right now. On July 24, Baird maintained its Hold rating on the stock with a 12-month price target of $11. While Baird did not upgrade the rating, they had previously raised their target, noting the company's continued technical progress, capital raises, and confidence in hitting key development milestones. However, they also pointed to concerns about rising capital investment in competing battery startups and broader valuation pressure on high-growth names, which might have caused Baird to be neutral on the stock. However, their current target implies an upside of 26%. Photo by Mika Baumeister on Unsplash QuantumScape announced on July 23 an expansion of its partnership with Volkswagen's battery subsidiary, PowerCo. Under the new agreement, PowerCo will provide up to $131 million in additional funding over the next two years. The goal is to accelerate the launch and scale-up of QuantumScape's QSE-5 pilot line in San Jose, which is focused on solid-state lithium-metal battery cells. This investment suggests increased confidence in QuantumScape's technology and its path toward commercialization. QuantumScape is a battery technology company developing next-generation solid-state lithium-metal batteries. Its innovation aims to deliver higher energy density, faster charging, and improved safety, targeting electric vehicle applications and aiming to outperform traditional lithium-ion battery technologies. While we acknowledge the potential of QS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 12 Best Performing AI Stocks So Far in 2025 and 10 Best Military Tech Stocks to Buy Now Disclosure: None.

Trump order opens 401(k)s to private assets: What advisors need to know
Trump order opens 401(k)s to private assets: What advisors need to know

Yahoo

time37 minutes ago

  • Yahoo

Trump order opens 401(k)s to private assets: What advisors need to know

President Donald Trump on Thursday signed an executive order directing regulators to clear the path for 401(k) plans to include private market investments and cryptocurrencies — a shift that could reshape how advisors construct retirement portfolios. The order instructs the Department of Labor to review and clarify ERISA fiduciary guidelines for offering alternative assets in defined-contribution plans. If implemented, the changes could expand advisors' toolkit to include asset classes such as private equity, private credit, infrastructure, real estate and digital assets. READ MORE:The lure of private equity investing comes with these risksMindful of risks, RIAs steer clients into private marketsWith Trump admin rule rollback, will 401(k)s see more crypto options?Annuities in 401(k)s? Savers show interest, but advisors are hesitant The executive order calls for the Labor Secretary to examine past and current guidance on fiduciaries' duties when including alternatives in asset allocation funds, such as target date products. Within the next 180 days, the department must clarify the criteria fiduciaries should use to weigh the higher costs of these investments against potential long-term gains and broader diversification benefits. American Retirement Association CEO Brian Graff argued that fiduciaries, not the government, should be the ones deciding if an investment class is appropriate for plan participants. "Professional retirement plan fiduciaries that are subject to strict fiduciary standards — not the federal government — are in the best position to assess developments in the financial markets and determine what is in the financial best interest of retirement plan participants and beneficiaries," Graff said in a statement. The move also aims to curb ERISA litigation that has historically deterred plan sponsors from offering private market and digital assets. Industry interest in alternatives has been building in recent years. In 2024, 3.9% of plan sponsors offered alternative investments to participants, up from 2.2% in 2023, according to PLANSPONSOR's latest Recordkeeping Survey. In the Financial Planning Association's 2025 Trends in Investing survey, researchers saw a sharp increase in the use of alternative investments among advisors. Nearly 1 in 5 advisors surveyed said they currently use or recommend investing in private debt to their clients, up 55% from the previous year. Proponents say alternative assets offer an opportunity for improved returns and diversification, but critics warn that higher fees, lower liquidity and a lack of transparency could ultimately harm retirement savings for the average investor. A niche investment for the masses Although alternative assets can play a role in some clients' broader portfolios, advisors say that defined contribution plans aren't the right place for such a specialized investment class. "I don't think it's appropriate to have private investments and private credit and private equity inside of a 401(k)," said Kashif Ahmed, founder of Bedford, Massachusetts-based advisory firm American Private Wealth. "It really is for people who max out all of the common 401(k) vehicles and everything else, and they have tremendous liquidity. Those are the people who should be rolling the dice on private equity and private credit, because they're really illiquid," Ahmed added. "It's for people who have no issues with tying up a substantial amount of [money] that they may or may not be able to get for many years. The 401(k) is just not that. It's just not that vehicle. The average client is better off avoiding private investments." Despite their unique drawbacks, some investors are still drawn to alternative assets due to their novelty among the average person, according to Ahmed. "That's why this is so devilish, right? It's human nature to be able to want something that either you can't get or you've been told for a long time that you can't have, and all of a sudden it's available," Ahmed said. "And I think people are just going to let their emotions get the better of them." Will private assets invade target date funds? The mechanics of adding private assets to 401(k) plans are still up for debate, but many experts point to target date funds as the most likely entry point. In a T. Rowe Price survey of defined contribution plan consultants and advisors, most respondents said private assets are most likely to show up inside off-the-shelf or custom target date funds. While stand-alone options for plan participants are possible, respondents viewed them as far less likely. For advisors like Cristina Guglielmetti, the founder of Future Perfect Planning in Brooklyn, New York, the addition of private assets to target date funds would be reason enough to revisit how she allocates clients' 401(k) holdings. By 2027, target date funds will account for about two-thirds of all 401(k) contributions and hold roughly 46% of total plan assets, according to estimates from Cerulli Associates. "As an advisor, that would cause more of an issue because it's much harder to avoid, right? So that's kind of my concern is, will a client be able to avoid these if they decide that they don't want it, or their advisor wants to advise them against it," Guglielmetti said. "How hard is it going to be to not have any of this stuff?" 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

Elon Musk's Favorability Rating Among Americans Has Tanked Since January
Elon Musk's Favorability Rating Among Americans Has Tanked Since January

Yahoo

time44 minutes ago

  • Yahoo

Elon Musk's Favorability Rating Among Americans Has Tanked Since January

Elon Musk finished dead last in favorability in a recent Gallup poll asking Americans to assess 14 world figures. What Happened: Musk's approval ratings have taken a nosedive following his contentious tenure at the White House and the ensuing fallout with President Donald Trump. Musk's actions have not only tarnished his personal image but have also triggered a substantial decline in Tesla's sales and revenues. The Gallup poll showed that 61% of 1,000 randomly chosen American adults held a negative view of Musk. This follows Musk's participation in the Department of Government Efficiency, his warnings about the difficulties under a Trump presidency, and his plans to revamp government agencies. Before starting his White House work, Musk was viewed slightly more negatively than positively (43% favorable, 47% unfavorable). In the July poll, Musk's favorable rating was 33% favorable, with 61% unfavorable — a 24-point downward swing. Also Read: Ex-Trump Lawyer Says Trump Could Set Sights on Musk's Billions: 'It Bothers Him That He Is the Richest Man' The poll also shows a sharp drop in approval ratings for several current and former Trump administration figures, including Secretary of State Marco Rubio and President Trump, signaling a turbulent run-up to next year's midterm elections. The Gallup poll, conducted from July 7 to 21, revealed that Pope Leo XIV holds a net favorability score of +46, significantly higher than Ukrainian President Volodymyr Zelenskyy (+18) and Sen. Bernie Sanders (I-Vt.) (+11). Pope Leo's 57% favorability rating aligns with the initial ratings of his predecessors, Pope Francis and Pope Benedict XVI. Simultaneously, French President Emmanuel Macron and Rep. Alexandria Ocasio-Cortez (D-N.Y.) received mixed reviews, with a large portion of respondents expressing neutrality. Conversely, personalities like Health and Human Services Secretary Robert F. Kennedy Jr. and Israeli Prime Minister Benjamin Netanyahu were viewed unfavorably. Why It Matters: The plummeting popularity of Musk, a key figure in the tech and automotive industries, could have far-reaching implications. His controversial actions and the resulting public sentiment could potentially influence consumer behavior and investor confidence, impacting not just Tesla but the broader electric vehicle market. The termination of the federal program involving Musk also raises questions about the future of public-private partnerships in the tech sector. Read Next Independent Voters' Approval Rating Of Donald Trump Plummets, Latest Poll Indicates 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 Elon Musk's Favorability Rating Among Americans Has Tanked Since January originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store