Operator

Good day, everyone, and welcome to the Live Ventures Fiscal Year ’26 Q2 Earnings Conference Call. [Operator Instructions] Now I’ll turn the call over to your host, Greg Powell, Director of Investor Relations. Please go ahead, Greg.

Greg Powell
Director of Investor Relations

Thank you, Elvis. Good afternoon, and welcome to the Live Ventures Second Quarter Fiscal Year 2026 Conference Call. Joining us this afternoon are Jon Isaac, our Chief Executive Officer and President; and David Verret, our Chief Financial Officer. Some of the statements we’re making today are forward-looking and are based on our best view of our businesses as we see them today.

The actual results could differ materially due to a number of factors, including those outlined in our latest financials, Forms 10 and Forms 10-Q as filed with the Securities and Exchange Commission. And a matter of fact, our 10-Q will be filed here in a few minutes for this quarter. We have no obligation to publicly update our forward-looking statements after this call, whether as a result of new information, future events, changes in assumptions or otherwise. You can find our press release referenced on this call in the Investor Relations section of the Live Ventures website. I direct you to our website, liveventures.com or sec.gov for our historical SEC filings.

I will now turn the call over to David to walk us through our financial performance. David?

David Verret
Chief Financial Officer

Thank you, Greg. Good afternoon, everyone. Before discussing our financial results, I’d like to touch on a few key highlights from the quarter. During the quarter, our Retail Entertainment and Flooring Manufacturing

LOS ANGELES — Reports of tension and a “toxic” locker room between LeBron James and Luka Doncic have been strongly denied by the Los Angeles Lakers, with multiple sources close to the team describing the superstar duo’s relationship as collaborative and professional as the club pushes for another deep playoff run in 2026.

The rumors surfaced earlier this week after the Lakers suffered a tough loss, with anonymous sources cited in various outlets claiming friction between the veteran James and the newly acquired Doncic. Some reports even used the word “toxic” to describe the team’s internal dynamics. However, both players, head coach JJ Redick and team executives have pushed back firmly, calling the stories overblown and inaccurate.

James addressed the speculation directly after a recent practice. “Luka and I are good,” the 41-year-old said. “We talk every day — about basketball, about life, about how we can help this team win. There’s no tension. We’re trying to do something special here.” Doncic echoed those sentiments in his own comments, describing James as a “big brother” and mentor who has helped him adjust to life in Los Angeles.

The pairing of James and Doncic, formed through a major trade last offseason, was always going to generate massive attention. James, in his 23rd season, remains one of the league’s most dominant forces, while Doncic, acquired from the Dallas Mavericks, brought his elite playmaking and scoring ability to the Lakers. Their styles complement each other — James’ vision and leadership pairing naturally with Doncic’s creativity and step-back shooting.

Insiders say the transition has been smoother than expected. Redick, in his second year as head coach, has implemented an offensive system that leverages both stars’ strengths. “They feed off each other,” Redick said. “LeBron sees the floor like no one else, and Luka’s ability to create is special. We’ve had zero issues between them. The locker room is united.”

Multiple Lakers players backed up that assessment. Veteran forward Anthony Davis, who has played alongside both, dismissed the rumors as “clickbait.” “We’re a close group,” Davis said. “There’s always going to be noise when you have stars, but we’re locked in on the same goal.”

The “toxic locker room” narrative appears to have originated from a handful of anonymous quotes following a mid-season stretch where the Lakers dealt with injuries and inconsistent play. Some outlets amplified the comments without sufficient verification, leading to a wave of stories that painted a picture of dysfunction. Team sources insist those quotes were either taken out of context or came from individuals not directly involved with the day-to-day operations.

Lakers general manager Rob Pelinka also weighed in, calling the reports “frustrating but predictable.” “We’ve built a culture here of accountability and winning,” Pelinka said. “LeBron and Luka are both high-character guys who hold themselves and their teammates to high standards. That can sometimes be misinterpreted from the outside as tension.”

The partnership between James and Doncic has shown clear on-court chemistry. In games where both have been healthy, the Lakers have posted one of the league’s best net ratings. James’ ability to elevate teammates has helped Doncic adapt quickly to a new system, while Doncic’s gravity as a scorer has created easier opportunities for James in his later career stage.

Off the court, the two have been spotted together frequently — at team dinners, charity events and even family outings. James has been vocal about mentoring younger stars, and sources say his relationship with Doncic mirrors the guidance he once provided to players like Kyrie Irving and Anthony Davis.

The timing of the rumors also raised eyebrows. They emerged during a week when the Lakers were dealing with minor injury concerns and a tough stretch of schedule. Some within the organization believe the stories were planted or exaggerated to create drama during a relatively stable period for the franchise.

This is not the first time James has faced locker room speculation. Throughout his career, particularly during his time with the Miami Heat and Cleveland Cavaliers, narratives of internal conflict often surfaced when results dipped. James has consistently said such reports are part of the territory when playing at the highest level.

For Doncic, the adjustment to Los Angeles has included not just basketball but also navigating the intense media spotlight that comes with playing alongside one of the sport’s biggest icons. Friends of the Slovenian star say he has thrived under James’ leadership and appreciates the veteran’s willingness to share knowledge.

As the Lakers prepare for the final stretch of the regular season, the focus has shifted back to basketball. The team sits in solid playoff position in the Western Conference, with realistic hopes of making a deep postseason run. Both James and Doncic have expressed excitement about what they can achieve together.

League insiders believe the debunked rumors will have little long-term impact. The NBA has seen countless examples of superstar pairings facing early scrutiny only to develop strong chemistry over time. The James-Doncic duo, while still relatively new, has shown enough promise to quiet most critics.

For Lakers fans, the priority remains winning. Whether the duo ultimately leads the franchise to another championship remains to be seen, but current indications point to a healthy, productive working relationship rather than any toxic division.

As the season continues, expect the noise around James and Doncic to persist — it comes with the territory of two high-profile stars sharing the spotlight. But according to those closest to the situation, the reports of tension are greatly exaggerated, if not entirely manufactured. The Lakers are focused on basketball, and their two biggest stars appear firmly on the same page.

President Donald Trump said that Chinese President Xi Jinping agreed to order 200 Boeing jets during their high-level meeting in Beijing.

Speaking in an exclusive interview with Fox News host Sean Hannity, Trump described his talks with the Chinese leader as “very good” and said the aircraft commitment exceeded Boeing’s expectations.

“One thing [Xi] agreed to today: he’s going to order 200 jets. That’s a big thing. Boeing — 200 big ones. That’s a lot of jobs. It’s a lot. Boeing wanted 150, he got 200,” Trump said.

Terms of the agreement, including delivery timelines and aircraft models, were not immediately disclosed.

TRUMP READIES FOR BEIJING SUMMIT WITH XI AS AI CHIP SALES, FARM GOODS TOP AGENDA

President Donald Trump (L) shakes hands with China’s President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026.  (Kenny HOLSTON / POOL / AFP via Getty Images)

Trump arrived in China Wednesday alongside a delegation of top American business leaders for meetings with Chinese officials and executives. The visit marks Trump’s first trip to the country since 2017 and comes amid mounting tensions over trade, artificial intelligence, Taiwan and the fallout from the war with Iran.

Boeing CEO Kelly Ortberg was among those executives and recently said the trip represented “a meaningful opportunity” for the aerospace giant.

While Ortberg declined to specify the number of aircraft under discussion during a recent analyst call, he said he was “highly confident” that if Trump reached an agreement with Xi, the deal would “include some aircraft orders.”

BOEING PURSUES MASSIVE CHINA JET DEAL AS CEO JOINS TRUMP’S DELEGATION TO BEIJING

Boeing CEO Kelly Ortberg testifies before the Senate Committee on Commerce, Science, and Transportation Hearings on production quality issues on Capitol Hill in Washington, D.C., on April 2, 2025. (Brendan Smialowski/AFP via Getty Images / Getty Images)

Bloomberg previously reported that China was considering purchasing roughly 500 Boeing 737 Max aircraft to meet growing airline demand.

Boeing shares fell more than 4% in Thursday trading after the reported order total fell short of analysts’ expectations, according to Reuters.

China last announced a major Boeing purchase during Trump’s 2017 visit to Beijing, agreeing to buy 300 aircraft from the U.S. manufacturer, the outlet reported.

FORMER TREASURY SECRETARY SAYS GUARDRAILS ARE NEEDED TO AVOID US-CHINA ‘MUTUALLY ASSURED ECONOMIC DISRUPTION’

Members of the U.S. delegation and CEOs from various industries stand prior to a welcome ceremony for U.S. President Donald Trump outside the Great Hall of the People on May 14, 2026, in Beijing, China.  (VCG/VCG via Getty Images / Getty Images)

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Boeing and European rival Airbus have aggressively competed for aircraft sales in China, one of the world’s largest aviation markets.

Other executives traveling with the U.S. delegation included Tesla and SpaceX CEO Elon Musk, Apple CEO Tim Cook, BlackRock CEO Larry Fink, Citi CEO Jane Fraser, and Cargill CEO Brian Sikes.

Reuters, Fox News Digital’s Jasmine Baehr and Efrat Lachter, as well as FOX Business’ Eric Revell contributed to this report.

NEW YORK — Christians worldwide observe Ascension Day on Thursday, May 14, 2026, marking the moment Jesus Christ ascended into heaven 40 days after his resurrection on Easter Sunday. The feast, one of the oldest in the Christian calendar, celebrates Jesus’ exaltation to the right hand of God and carries deep theological significance for believers across denominations.

Ascension Day commemorates the event described in the New Testament, particularly in the Gospel of Luke and the Acts of the Apostles. According to scripture, after appearing to his disciples for 40 days following his resurrection, Jesus led them to the Mount of Olives near Bethany. He blessed them, promised the coming of the Holy Spirit, and was then lifted up into heaven as they watched. Two angels appeared, telling the disciples that Jesus would return in the same way he departed.

The number 40 holds symbolic importance in the Bible, representing periods of testing, preparation and transition. Just as Jesus spent 40 days in the wilderness before his ministry and the Israelites wandered 40 years in the desert, the 40 days between Easter and Ascension represent a time of final instruction and commissioning for the apostles before the birth of the Church at Pentecost.

For many Christian traditions, Ascension Day is a major feast. In the Catholic Church, it is a Holy Day of Obligation in many countries, requiring the faithful to attend Mass. Eastern Orthodox Christians, who follow the Julian calendar in some regions, often celebrate it on a different date, but the meaning remains the same. Protestant denominations vary in observance — some, like Anglicans and Lutherans, treat it as a principal feast, while others observe it less formally.

The theological importance of the Ascension is profound. It affirms Jesus’ completed work of salvation, his ongoing intercession for humanity, and his promise to send the Holy Spirit. Theologians explain that the Ascension is not merely Jesus leaving earth but entering into the fullness of divine glory while remaining spiritually present with his followers. It bridges the earthly ministry of Jesus and the age of the Church empowered by the Holy Spirit.

Modern observances blend ancient tradition with contemporary expression. Many churches hold special services featuring hymns like “Hail the Day That Sees Him Rise” and readings from Acts 1. Some communities organize outdoor processions or hilltop gatherings to symbolically recall the Mount of Olives event. In parts of Europe, traditional customs include planting “ascension trees” or releasing balloons, while in the United States, many parishes focus on community service projects and teachings about living with an eternal perspective.

The date of Ascension Day is always a Thursday, exactly 40 days after Easter. In 2026, Easter fell on April 5, placing Ascension Day on May 14. This fixed relationship to Easter makes it a movable feast that shifts each year. Some regions transfer the observance to the following Sunday for practical reasons, though traditionalists prefer the Thursday date to maintain the biblical 40-day timeline.

The Ascension also connects to core Christian doctrines about heaven, the second coming and the role of the Church. It reminds believers that Jesus’ physical absence does not mean abandonment but rather the beginning of a new way of presence through the Holy Spirit and the community of faith. Sermons on Ascension Day often encourage Christians to live as citizens of heaven while actively engaged in earthly responsibilities.

In a world facing uncertainty, many pastors say the message of Ascension Day feels particularly relevant. “Jesus’ ascension assures us that our story does not end in suffering or death,” said Rev. Dr. Michael Curry, presiding bishop of the Episcopal Church, in a recent Ascension-themed message. “It ends in victory and eternal life with God. That hope sustains us through our own ascents and descents in daily life.”

The feast has inspired countless works of art, music and literature throughout Christian history. From medieval paintings showing Jesus being lifted by angels to modern hymns and contemporary worship songs, the Ascension continues to capture the imagination of believers. It also influences Christian art and architecture, with many churches featuring ascension-themed stained glass or altarpieces.

For families and individuals, Ascension Day offers an opportunity for reflection and celebration. Some traditions include special meals, prayer walks or acts of charity in honor of Jesus’ command to care for others. In some cultures, it marks the beginning of summer activities or the blessing of fields and crops, connecting spiritual truth with everyday life.

As Christians gather for worship on May 14, 2026, many will hear the familiar words from Acts 1:11: “Men of Galilee, why do you stand looking up into heaven? This Jesus, who has been taken up from you into heaven, will come in the same way as you saw him go into heaven.” These words provide both comfort and challenge — comfort in the assurance of Christ’s return and challenge to live actively as his witnesses until that day comes.

The Ascension also deepens the meaning of Pentecost, which follows 10 days later. Without the departure of Jesus, the sending of the Holy Spirit would not have occurred. Many churches use the period between Ascension and Pentecost for focused prayer, asking God to renew the Church with the same power that filled the apostles.

In an increasingly secular society, Ascension Day serves as a quiet but powerful reminder of Christianity’s central claims. It affirms that history has direction and purpose, that ultimate authority rests with the risen and ascended Christ, and that believers are called to live with hope and mission. Whether celebrated in grand cathedrals or small home gatherings, the day invites Christians to lift their eyes beyond immediate circumstances to the reality of God’s kingdom.

For those new to the faith or exploring Christianity, Ascension Day offers an accessible entry point into understanding who Jesus is and what he accomplished. It is not merely a historical event but a living reality that shapes how believers view their daily lives, their communities and their ultimate destiny.

As May 14, 2026, dawns, millions of Christians will pause to remember and celebrate the Ascension. In doing so, they join a tradition stretching back two thousand years, finding renewed strength and purpose in the knowledge that Jesus reigns and will one day return to make all things new.

Federal Reserve Governor Stephen Miran officially submitted his resignation Thursday, which will take effect upon or shortly before his successor, Chairman-designate Kevin Warsh, is sworn in.

The former chair of President Donald J. Trump’s Council of Economic Advisors (CEA), who began his term in September 2025, Miran resigned from his role as CEA chair in February, following through on a commitment to the Senate to fill the Federal Reserve seat vacated by Governor Adriana Kugler, whose term ended Jan. 31.

In his resignation letter to the president, he touted significant conservative regulatory victories, specifically highlighting his fight against political overreach in the banking sector.

Miran emphasized his support for the removal of “reputational risk” guidelines, a mechanism he argued was previously used by regulators and examiners to force their own political preferences regarding “firearms, climate or any other matter” onto the customers of American banks.

Stephen Miran, former chairman of the Council of Economic Advisors, walks outside the White House in Washington, D.C. (Aaron Schwartz/Sipa/Bloomberg via Getty Images / Getty Images)

WARSH FACES FIRST BIG TEST ON CAPITOL HILL AS TRUMP’S FED VISION COMES INTO FOCUS

He also celebrated his work alongside Vice Chairwoman Michelle Bowman to slash “accumulated excess regulation,” an effort that successfully freed up over $100 billion in capital.

The deregulation reduced leverage constraints, allowing banks to more freely extend credit to U.S. households and businesses without being penalized for holding safe assets like U.S. Treasuries.

On monetary policy, Miran warned that the Federal Reserve risks fighting “fake rather than real inflation” if it fails to account for current economic biases.

Federal Reserve Governor Stephen Miran touted significant conservative regulatory victories in his resignation letter to President Donald Trump. (Michael Nagle/Bloomberg via Getty Images, File / Getty Images)

THE FED’S FOOLISH INTEREST RATE POLICY IS STOPPING AMERICA’S ECONOMY FROM BOOMING

He argued that reduced immigration and increased supply-side deregulation are “powerfully disinflationary” forces and cautioned that inflation metrics are currently skewed by unavoidable biases, such as those found in portfolio management fees and AI-driven software.

Failing to adjust for the measurement errors, he said, could force the Fed to unnecessarily drive up unemployment.

Miran said he was excited that Chairman-designate Warsh will return the Federal Reserve to its “narrow mandate and out of hot-button political and cultural issues,” while continuing the crucial work of shrinking the central bank’s balance sheet and overall footprint in the U.S. financial system.

Kevin Warsh, nominee for chairman of the Federal Reserve, is sworn in to his Senate Banking, Housing and Urban Affairs Committee confirmation hearing, April 16, in Washington, D.C. (Tom Williams/CQ-Roll Call, Inc via Getty Images / Getty Images)

Warsh, 56, was confirmed by the Senate on Wednesday as the next Federal Reserve chair, taking over for Jerome Powell, whose term will expire Friday.

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The Federal Reserve Board of Governors did not immediately respond to FOX Business’ request for comment.

Operator

Good day, and welcome to the Legacy Education Inc.’s Third Quarter Fiscal 2026 Earnings Conference Call. Today’s call is being recorded and broadcast live. It will also be archived on the Legacy Education website for future reference.

To kick off the call, I will turn it over to Nicole Joseph, Senior Vice President of Legacy Education.

Nicole Joseph
Senior Vice President

Thank you, and hello, everyone. Legacy Education has issued a news release reporting its financial results and corporate developments for the third quarter and 9 months ended March 31, 2026. The release is available in the Investor Relations section of our corporate website at legacyed.com. With us today on the call are LeeAnn Rohmann, Chief Executive Officer; and Brandon Pope, Chief Financial Officer.

On today’s earnings call, statements made by Legacy’s management regarding the company’s business, which are not historical facts, may be forward-looking statements as identified in federal securities laws. The words may, will, expect, believe, anticipate, project, plan, intend, estimate and continue as well as similar expressions are intended to identify forward-looking statements.

Forward-looking statements should not be read as a guarantee of future performance. The company cautions you that these statements reflect current expectations about the company’s future performance or events and are subject to a number of uncertainties, risks and other influences, many of which are beyond the company’s control that may influence the accuracy of the statements and projection upon which the statements are based.

Factors that

NEW YORK — Fortnite servers went offline Thursday, May 14, 2026, as Epic Games conducted planned maintenance for the v40.40 update, temporarily disrupting login, matchmaking and gameplay for millions of players worldwide across all platforms.

The scheduled downtime began at 4 a.m. ET (8 a.m. UTC), with matchmaking disabled 30 minutes earlier. Epic Games confirmed the maintenance window would last approximately 90 minutes to two hours, with full services expected to return by 6 a.m. ET (10 a.m. UTC). The update focuses on Chapter 7 Season 2 content, including the highly anticipated Overwatch collaboration featuring new heroes, weapons and landmarks.

Epic Games’ public status page clearly listed the downtime for v40.40, noting that players would be unable to access Battle Royale, Zero Build, Reload, Fortnite OG and LEGO Fortnite modes during the maintenance period. The company advised players to keep their game clients updated so the new patch could download automatically once servers came back online.

Downdetector and other outage-tracking sites showed a moderate spike in user reports concentrated in the early morning hours, primarily from North America and Europe. Most complaints involved “servers not responding,” login failures and matchmaking errors — all consistent with planned maintenance rather than an unexpected outage. Similar brief disruptions have occurred regularly throughout 2026 as Epic continues to support Chapter 7.

The v40.40 update is the fourth major patch for Chapter 7 Season 2 and is expected to introduce fresh content ahead of the season’s live event on June 5. Leakers and dataminers suggest the Overwatch crossover will bring recognizable characters, cosmetic bundles and limited-time modes. Additional changes may include Zero Build improvements such as infinite sprint, starting loadouts, overshield siphon and pocket items, along with balance adjustments and bug fixes.

Players took the downtime in stride, with many using the break to discuss potential new content on social media, Reddit and Discord. Some turned the interruption into a positive by catching up on other games or daily tasks. Others expressed mild frustration at the timing, particularly those hoping to play during morning hours in North America or afternoon in Europe.

This maintenance follows Epic Games’ pattern of regular scheduled updates to keep Fortnite feeling fresh. The battle royale title remains one of the most popular games globally in 2026, with consistent player engagement driven by seasonal themes, collaborations and evolving gameplay mechanics. Brief server downtimes are a standard part of delivering new experiences without requiring full client downloads for every patch.

Epic Games has significantly improved communication around server status in recent years. The company maintains a dedicated public status dashboard and frequently posts updates through its official @FortniteStatus account on X. These proactive measures have helped reduce player anxiety during planned maintenance compared to earlier years when information was less transparent.

For parents and younger players, scheduled downtimes can serve as a natural break from screen time. Many families use these windows to discuss in-game purchases, battle pass progress or strategies for upcoming seasons. The game’s ongoing popularity among children and teens makes clear communication about maintenance especially valuable.

Industry analysts note that Fortnite’s resilience despite occasional downtime stems from its cultural status and constant evolution. The title has remained a top earner for Epic Games through cosmetics, battle passes and major collaborations. Brief maintenance periods are viewed as necessary investments in long-term player enjoyment rather than significant disruptions.

As services restored by late morning UTC, most players regained access without further issues. Epic Games has not indicated any extended maintenance or follow-up patches at this time. Players are advised to keep their game clients updated and monitor official channels for full v40.40 patch notes once the update fully deploys.

The Fortnite community remains one of the most engaged in gaming, with millions logging in daily across all platforms. Today’s scheduled maintenance, while inconvenient for some during peak hours, reflects Epic Games’ commitment to delivering a polished experience as the game progresses through Chapter 7 Season 2. For now, the battle bus is back online, and players can once again drop into familiar and new experiences on the ever-changing island.

Whether you were caught mid-match or simply checking in during the downtime, Fortnite’s brief pause today served as a reminder of the massive infrastructure required to keep one of the world’s most popular games running smoothly around the clock. As always, the island awaits your return.