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Yahoo
2 minutes ago
- Sport
- Yahoo
Packers, Seahawks joint practice: What both beats have to say
Like last week, we're going to give a glimpse at what both groups of beat reporters are saying about today's joint practice between the Green Bay Packers and Seattle Seahawks. Sorry for the late post. I just got home from seeing my new baby niece!
Yahoo
2 minutes ago
- Business
- Yahoo
PBC Announces Fiserv as PBC 2025 Title Sponsor and launches New PBC-CP Designation
WASHINGTON, Aug. 21, 2025 /PRNewswire/ -- The 6th Annual PBC Conference, the premier event for cannabis banking and compliance professionals, returns to Washington, D.C., on September 3–4, 2025. Nationally recognized for bringing together leaders across government and industry, PBC provides a platform to tackle the most pressing challenges in cannabis banking. Past participants have included state cannabis regulators, banking regulators, IRS commissioners, U.S. Senators, Members of Congress, and other high-level policymakers and financial leaders that bank the industry. This year, PBC is proud to welcome Fiserv as the official Title Sponsor of PBC Conference 2025. A global leader in payments and financial technology, Fiserv serves thousands of financial institutions and millions of businesses across the world. With a strong reputation for innovation, Fiserv brings valuable perspective and technology-driven insight to the future of cannabis banking. "PBC Conference remains the premier gathering where influential voices come together to drive progress and shape the future of the cannabis banking industry," said Joshua Radbod, CEO of PBC Conference. "We're proud to welcome Fiserv as our Title Sponsor and excited to unveil programming that reflects the momentum of this evolving sector." PBC has also launched the final level of its PBC Certification Program: the PBC Certified Professional (PBC-CP) designation. Recognized as the highest achievement in cannabis banking and compliance, the PBC-CP reflects deep expertise and leadership in the field. To qualify, learners must first complete Level I and Level II of the PBC Certification Program, participate in person at PBC Conferences, and publish a peer-reviewed industry use case. These requirements ensure candidates build a strong foundation before earning this elite designation. PBC plans to expand its certification offerings beyond individual achievement with the future launch of the PBC Certified Organization designation, created to recognize institutions that demonstrate the same high standards of compliance, innovation, and industry leadership. To meet the Fiserv team and recognized PBC professionals, register for PBC Conference 2025 at: About: PBC was founded in 2018 and operates an international portfolio of banking & compliance events, industry resources, and training dedicated to tackling banking & compliance challenges in emerging industries. The PBC team also hosts the annual CBC Summit, which addresses banking & compliance challenges for the crypto industry, both in the U.S. and Europe. For more details, visit: Contact: info@ View original content: SOURCE PBC Conference 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
Yahoo
2 minutes ago
- Business
- Yahoo
Faster Delivery Propels Walmart's US E-Commerce Growth 26%
Walmart's online business is showing no signs of slowing down in the U.S., and the retail giant is attributing part of the growth to its faster delivery speeds. The Bentonville behemoth saw second-quarter e-commerce sales grow 26 percent in the U.S., inching up from the 'low-20 percent growth range' delivered over the prior four quarters. More from Sourcing Journal Target CEO Cornell Resigns, but His Delivery and Fulfillment Investments Endure Walmart Adds Vietnam to Cross-Border Ocean Freight Network Target Ends Fulfillment Operations at Two Distribution Centers, Cutting 260 Jobs According to chief financial officer John David Rainey, deliveries fulfilled from the store increased almost 50 percent from the year prior, with same-day delivery continuing to accelerate. Approximately one-third of deliveries from store in recent weeks were completed in three hours or less, and 20 percent of those deliveries reached customers in 30 minutes or less. Three-hour-or-less expedited delivery has been a major priority of the Walmart team since the start of the Covid-19 pandemic, when the company first debuted its Express Delivery service across nearly 2,000 total stores. As of May 2025, expedited delivery has since been expanded to more than 4,500 U.S. stores. Worldwide, Walmart now offers same-day delivery out of more than 6,500 stores. 'Our customers are responding to our delivery speeds. We see billions and billions of units at a high growth rate being delivered same day,' said John Furner, president and CEO of Walmart U.S., during the call. 'I'm excited about what the team has done to lean into speed. We're now covering 93 percent of the country under three hours. We think that will be 95 percent by the end of the year. So our reach is getting better, our speed is improving and customers love being able to deliver with speed.' Walmart has been able to achieve a rare feat by making its e-commerce operation profitable, achieving profitability for the second straight quarter. Rainey said profitability continued to increase in the second quarter, with progress made on improving net delivery costs and more momentum in advertising as Walmart Connect saw revenues increase 31 percent. Furner also said the merchandise mix offered online 'has been better,' pointing to apparel as a strong point for general merchandise. Like the Walmart U.S. branch, Sam's Club also saw 26 percent e-commerce growth, with club-fulfilled delivery representing nearly 50 percent of this increase, even while curbside pickup was up double-digits. The retail giant's international presence saw e-commerce growth of 22 percent, with the company again highlighting the strengths of store-fulfilled pickup and delivery in powering that expansion. Markets like India and China have reaped the benefits of Walmart's international supply chain investments. In China, Walmart opened 33 one-hour delivery 'cloud depots' throughout the quarter, bringing its nationwide total to 455 locations, according to Kathryn McLay, president and CEO of Walmart International. With more than 50 percent of sales in China initiated online, Walmart can deliver more products to the customer in less than an hour. E-commerce sales in China expanded 39 percent in the quarter, while it scaled up 24 percent and 21 percent in Canada and Mexico, respectively. And in India, the company now operates 300 'minute FCs,' which enables Walmart to reach customers in less than fifteen minutes. Sixty of these MFCs are for Walmart-owned fashion retailer Myntra, which enables them to be able to get to the customer in under 30 minutes. In the call, Walmart CEO Doug McMillon said the company sees lots of opportunities to expand on the recent deployment of its agentic AI capabilities after the release of its personal shopping assistant Sparky. The CEO said agentic AI could help create digital twins of the company's facilities, 'which can help predict or prevent issues before they happen,' or create more accurate dynamic delivery windows, which McMillon expects will be offered for 95 percent of U.S. households by the end of 2025. McMillon also noted that Walmart's composition of inventory is in 'good shape' up 3.8 percent globally to $57.7 billion and up 2.2 percent in Walmart U.S. But expect unit costs to increase amid the higher costs of importing goods in recent months due to tariffs. 'The impact of tariffs has been gradual enough that any behavioral adjustments by the customer have been somewhat muted,' said McMillon. 'But as we replenish inventory at post-tariff price levels, we've continued to see our costs increase each week, which we expect will continue into the third and fourth quarters.' For the second quarter, Walmart grew revenue 4.8 percent from a year ago to $177.4 billion, with Walmart's U.S. sales rising 4.8 percent to $120.9 billion. For the 2026 fiscal year, Walmart raised its outlook for net sales growth to 3.75 percent to 4.75 percent, up from the prior range of 3 percent to 4 percent. Adjusted earnings per share (EPS) also increased to a $2.52 to $2.62 range, from a prior $2.50 to $2.60.
Yahoo
2 minutes ago
- Yahoo
Chris Brain: Jury discharged in trial of ex-priest who ran rave-inspired 'cult' group
A jury has been discharged in the trial of a former Church of England priest who ran a rave-inspired "cult" group. Christopher Brain, 68, from Wilmslow, Cheshire, was the leader of the Nine O'Clock Service (NOS) in Sheffield between 1986 and 1995. He was charged with one count of rape and 36 counts of indecent assault between 1981 and 1995 against 13 women. Brain, who denied all the charges, was found guilty of 17 counts of indecent assault relating to nine women and acquitted of 15 similar charges. The 11-strong jury, sitting at Inner London Crown Court, was discharged by Judge Freya Newbery on Thursday after failing to reach a verdict on five counts, having started deliberations on 12 August. The judge told the jurors: "I am going to discharge you now on those counts. For you, it all comes to an end now. "I am really grateful for such a lot of time that you have given." A further hearing to determine whether prosecutors believe there are grounds for a retrial for the charges was set for 4 September. The prosecution previously told jurors that NOS, which was aimed at younger people, "presented itself to the outside world as a progressive force for good". But the court heard Brain "dominated and abused his position" to sexually assault a "staggering number of women from his congregation" and ostracising female followers from friends and family. Church of England: 'Truly sorry' Joanne Grenfell, lead bishop for safeguarding in the Church of England, and Alexander Kubeyinje, national safeguarding director, released a joint statement in which they said they were "truly sorry". "Our thoughts and prayers today are with the women who have bravely come forward to share their testimonies. "The conviction of Chris Brain on 17 counts of indecent assault has resulted in lasting damage to their lives, and they were an appalling abuse of power in leadership that should never have happened. We are truly sorry." Pete Wilcox, Bishop of Sheffield, said in a statement: "What happened was an appalling abuse of power and leadership that should never have occurred. "Where concerns were raised in the past and were not acted upon properly, that was a failing of the Church. For those institutional failures I offer an unreserved apology. We are committed to supporting those affected." He added the diocese would continue to cooperate with police, adding that there was a safeguarding team available to offer support and counselling. 'Devious and arrogant sexual predator' Detective Superintendent Eleanor Welsh, senior investigating officer at South Yorkshire Police, said: "Brain is a devious and arrogant sexual predator who caused these women significant harm through his abuse of power and cruel manipulation of their faith. "While I am pleased with the guilty verdicts, I know for the victims it can never take away what Brain did to them. However, I hope that it brings some comfort to know they have had a voice, they have been heard, and the jury has accepted that Brain is a serial sex offender. "I also hope today's verdicts show others who may have suffered sexual abuse that it's never too late to come forward and report to us, even if the offences occurred many years ago." This breaking news story is being updated and more details will be published shortly. Please refresh the page for the latest version. You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow us on WhatsApp and subscribe to our YouTube channel to keep up with the latest news.
Yahoo
2 minutes ago
- Business
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Why USA Rare Earth Stock Stock Crashed This Week
Key Points USA Rare Earth stock returned the gains it secured last week. News out of China is just one of the recent news developments that has investors scared. Since nothing has materially changed for USA Rare Earth, current shareholders should try to ride out the current volatility. 10 stocks we like better than USA Rare Earth › Giving back all of its 5.7% gain from last week, shares of USA Rare Earth (NASDAQ: USAR) have been in free fall this week. Several news events out of the rare-earth-mining industry have investors feeling less than bullish on the stock's prospects. According to data provided by S&P Global Market Intelligence, shares of the metals stock have plunged 18% from the end of last Friday's trading session through 12:25 p.m. ET on Thursday. News from around the world has investors feeling woeful The week began on an inauspicious note when investors learned that rare-earth exports out of China have ramped up this summer. According to Bloomberg, the export volume of Chinese rare-earth products rose 69% from June to July. With rare earth products at the core of trade tensions between the U.S. and China, investors are hyperfocused on news that the world's leading rare-earth producer has escalated its exports of the prized critical minerals. Tuesday didn't provide much relief. Reuters reported that Vulcan Elements, a producer of rare-earth magnets, recently signed a supply deal with ReElement for rare-earth oxides. USA Rare Earth recognizes the commencement of operations next year at its rare-earth-magnet production facility as a major catalyst. Investors are likely fretful about the company's prospects if peers are inking rare-earth-magnet deals while USA Rare Earth isn't enjoying the same interest. Yet another factor behind the stock's tumble this week is news from rare-earth peer Critical Metals (NASDAQ: CRML), which reported favorable drilling results from a project in Greenland. Besides magnet production, USA Rare Earth is also focused on mining at its resource in Texas. With the promising results that Critical Metals reported for its Greenland asset, investors may be finding USA Rare Earth less appealing. What's an investor to do now? Because USA Rare Earth is a highly speculative investment, the volatility this week is unsurprising. Current shareholders should simply sit tight at this point, since nothing materially has changed for the company. Should you invest $1,000 in USA Rare Earth right now? Before you buy stock in USA Rare Earth, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and USA Rare Earth 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 $654,624!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,075,117!* Now, it's worth noting Stock Advisor's total average return is 1,052% — a market-crushing outperformance compared to 183% 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 18, 2025 Scott Levine has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why USA Rare Earth Stock Stock Crashed This Week was originally published by The Motley Fool
