Business
Arcmont CEO says private credit fundamentals remain strong
Business
Nelly Korda Claims First US Women’s Open Title at Riviera in Dramatic Final Round
PACIFIC PALISADES, Calif. — Nelly Korda captured her first U.S. Women’s Open title on Sunday, delivering a clutch birdie on the 17th hole and a nervy par save on the final green to edge out challengers and secure a one-stroke victory at Riviera Country Club.
The world No. 1 finished at 8-under 276 after a final-round 69, holding off England’s Charley Hull and Mexico’s Gaby Lopez, who both posted 7-under totals of 277. South Korea’s Chun In-Gee finished alone in fourth at 6-under 278.
Korda’s victory marks her fourth major championship and second of 2026, following her win at the Chevron Championship in April. The 27-year-old American has now firmly established herself as the dominant force in women’s golf, adding the prestigious U.S. Open to her growing list of accomplishments.
“This week was definitely a grind,” Korda said afterward. “I don’t even feel like I had my B game. I was just grinding out there. And that’s what I guess major championships are all about, right? It doesn’t matter if you have your B or C game, you have to be there mentally. I think I just did a really good job of staying patient and making those up and downs and then knowing that when I had that little window I was going to be aggressive.”
The final round at Riviera, which will host golf at the 2028 Los Angeles Olympics, unfolded under windy conditions that tested even the strongest players. Korda started the day tied for the lead but faced repeated pressure as Hull, Lopez and Chun mounted challenges.
Korda appeared to seize control with a nine-foot birdie putt on the 17th hole, moving one stroke clear. On the 18th, her par putt from just inside three feet circled the cup before dropping, sealing the victory in dramatic fashion.
“I feel like I’m in a dream. I just can’t even explain how much this means to me,” a tearful Korda said at the trophy presentation.
Hull mounted a strong charge, firing a 4-under 67 that included an eagle on the first hole and several key birdies. She birdied the 17th to stay within one but ultimately finished as runner-up for the fifth time in a major championship.
“It’s just frustrating,” Hull said. “It’s pretty annoying, but I played really well the last day.”
Lopez signed for a 3-under 68 to share second place, while Chun, the 2015 U.S. Women’s Open champion, posted a 1-under 70 after squandering an earlier lead with late bogeys.
Korda’s path to victory was far from straightforward. She has described her relationship with the U.S. Women’s Open as “complicated,” having missed the cut more often here than at any other major. This year, she opened with a 2-over 73 but steadily improved, positioning herself for contention entering the weekend.
Her mental resilience shone through on Sunday. Despite not having her best ball-striking, Korda scrambled effectively and capitalized on key opportunities. The win further cements her status as the LPGA’s premier player and adds to an already impressive resume that includes multiple LPGA Tour victories and Olympic experience.
The victory also highlights the depth of the women’s game. Hull and Lopez pushed Korda to the limit, demonstrating the competitive balance at the top of the LPGA. Chun’s experience as a former champion kept her in the mix until late mistakes.
Riviera Country Club, traditionally a PGA Tour venue, proved a stern test for the women’s field. Its tight fairways, strategic bunkering and challenging greens rewarded precision and course management over raw power. The Pacific Palisades layout, with its ocean breezes and dramatic elevation changes, created classic major championship drama.
Korda’s season has been one of consistency and excellence. Her Chevron Championship win in April marked a strong start, and this U.S. Open triumph reinforces her as the player to beat in every event she enters. Her ability to win on different courses and under varying conditions underscores her all-around game.
For the LPGA, Korda’s success brings valuable mainstream attention. Her poised demeanor and competitive excellence make her an ideal ambassador for the tour as it continues growing its global footprint.
Looking ahead, Korda will be a heavy favorite at upcoming majors, including the KPMG Women’s PGA Championship and the Evian Championship. Her growing major tally puts her on a trajectory that could see her challenge some of the all-time greats in women’s golf.
The final round also showcased the depth of international talent. Players from England, Mexico, South Korea and elsewhere competed at the highest level, reflecting the LPGA’s diverse and global nature.
As Korda celebrated with family and her caddie, the moment represented years of hard work and dedication. Her ability to stay patient through a difficult week and deliver when it mattered most exemplified the mental toughness required at the highest level of the game.
The U.S. Women’s Open, one of golf’s most prestigious championships, once again delivered compelling drama and a worthy champion. Korda’s victory at Riviera will be remembered as a signature moment in her career and a highlight of the 2026 LPGA season.
For Hull, the runner-up finish adds to a growing list of near-misses in majors, yet her strong play suggests she remains a major threat in future events. Lopez’s performance further cements her as a consistent contender on the biggest stages.
As the LPGA moves forward, Korda’s dominance sets a high bar. Her combination of skill, composure and marketability strengthens the tour’s appeal to new audiences and sponsors alike.
The victory also carries personal significance for Korda, who has spoken openly about the challenges of performing at an elite level while managing expectations. This win at one of golf’s toughest tests validates her approach and cements her place among the game’s current greats.
With the golf world now turning its attention to the next major, all eyes will remain on Korda as she seeks to build on this momentum. For now, she can savor a hard-earned victory at Riviera that adds another chapter to her remarkable career.
Business
Finlays expands beverage manufacturing capabilities

Company adds aseptic and fruit-based options.
Business
Tom Brady launches Good Nut organic coconut water line with Gopuff
Check out what’s clicking on FoxBusiness.com.
Legendary NFL quarterback Tom Brady’s latest business venture is hitting the beverage shelves in a market expected to reach $11 billion by 2030.
Brady, as part of his latest partnership expansion with Gopuff, announced the launch of Good Nut, a premium line of organic coconut water, on Monday.
With consumers conscious of seeking less processed, lower-sugar beverages today, the market for coconut water continues to rise. Gopuff, the instant commerce leader, identified that customers were buying coconut water, with sales surging at 115% year-over-year on its platform.
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Tom Brady has launched Good Nut on Monday, a premium coconut water in collaboration with Gopuff, the instant commerce leader. (Good Nut/Gopuff / Fox News)
As a result, Brady and Gopuff are capitalizing on the shift.
“Gopuff has a unique ability to understand what consumers want and get great products into their hands in minutes,” Brady said in an exclusive statement to Fox Business. “We had a great experience working together on GOAT Gummies, and that trust made it easy to team up again on Good Nut. From product development to launch, we’ve been aligned on creating something Gopuff customers would actually want to drink.”
TOM BRADY JOINS GOPUFF, INSTANT COMMERCE LEADER, IN MULTIYEAR STRATEGIC PARTNERSHIP
Brady has always been one to think about everything that goes into his body, making coconut water something he aligned with quickly. In fact, the idea began because chocolate coconut water is a staple in the Brady household with himself and his kids.
“It’s something I’ve enjoyed for years, and hydration has always been an important part of my routine, during my playing career and still today,” he said.
“Hydration has always been a big part of my routine, and while coconut water has been a staple for me, I knew we could take it to a completely different level by teaming up with Gopuff. With Good Nut, we focused on keeping the ingredients simple and clean, making sure it’s exactly what I’d want in my own fridge.”

Good Nut comes in three different flavor variations with Tom Brady’s launch — original, chocolate and sparkling. (Good Nut/Gopuff / Fox News)
Good Nut uses organic Vietnamese coconuts, delivering a clean, refreshing hydration experience in its 11.8-ounce can. And it also comes in three variations – original, chocolate and sparkling.
“We quickly realized there was an opportunity to shake up the category with a product that tastes incredible, uses great ingredients, and has a bold brand that gets people talking,” Tyler Stewart, head of marketing at Gopuff, said in a statement. “Blending premium products with brands that are playful, unexpected, and don’t take themselves too seriously has become a huge part of how we build together with Tom.
“Whether it’s GOAT Gummies, our lobbying campaign with Super Monday Off, or now Good Nut, we’re always trying to give our customers and fans more of what they want, and of course entertain them a little along the way.”
As Brady said in a statement to Fox Business, “One of the most rewarding parts of this chapter of my life has been building brands from the ground up.” Brady already worked with Gopuff on GOAT Gummies, an organic, vegan snack brand crafted in France that contains no artificial sweeteners, dyes, or flavors, while being made with real fruit.
Now, Brady continues his brand-building post-playing career with yet another health-conscious consumer product.

Tom Brady and Gopuff collaborated on his latest brand-building with Good Nut, a premium coconut water to deliver elite-level hydration. (Good Nut/Gopuff / Fox News)
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“With Good Nut, we wanted to create something fun that people would genuinely enjoy. It’s been exciting to bring that vision to life,” he said.
Good Nut is available exclusively on Gopuff at $3.29 per can, with discounted pricing of $2.96 per can for FAM members on the platform.
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Business
India seeks preferential US tariffs in trade deal talks

India seeks preferential US tariffs in trade deal talks
Business
Bonus issue alert! This smallcap company announced a 2:5 bonus issue. Do you own?
In an exchange filing released on Friday, Hardwyn India said that its board of directors met on June 5 to consider and approve the issuance of “bonus equity shares in the ratio of 2:5 i.e., 2 bonus equity shares of Rs 1 each fully paid-up for every 5 equity shares of Rs 1 each fully paid-up held by the shareholders of the company as on the record date, by capitalization of free reserves/retained earnings, subject to the approval of members in Extraordinary General Meeting”.
Along with the bonus issue, Hardwyn’s board also approved increasing the company’s authorised share capital from the existing Rs 50 crore, divided into 50 crore shares with a face value of Rs 1 each, to Rs 70 crore, divided into 70 crore equity shares with a face value of Rs 1 each.
Also read: Why is the stock market crashing today?The Extraordinary General Meeting (EGM) where the bonus issue will be voted on is scheduled for July 3 this year. The company set June 26 as the cut-off date to determine who can vote in the EGM.
Hardwyn India bonus issue record date
As part of the bonus issue, the company proposed to issue nearly 19.54 crore new shares for its shareholders, using its free reserves or retained earnings, which stood at Rs 19.65 crore at the end of the financial year 2026.
The record date to determine the eligibility of shareholders for the 2:5 bonus issue is yet to be announced. Hardwyn said that the bonus issue is expected to be dispatched within two months of the board’s approval, that is, by August 4.
A bonus issue consists of free shares distributed by a company from its reserves and is often seen as a sign of strong financial health and growth prospects. While the issue of bonus shares increases the total number of outstanding shares, it does not change the company’s market capitalisation. However, it can improve liquidity and affordability, allowing more investors to add shares of the company to their portfolio.
Anand Rathi names Hardwyn India as its pick of the month
Anand Rathi Investment Services named Hardwyn India as its pick of the month in its report dated June 2, highlighting that the stock is currently trading near its 20 DEMA support. “Additionally, the DMI indicators are positively aligned, while the ADX is placed at 32, reflecting strong trend strength and supporting the possibility of further upside momentum,” it said.
“Therefore, traders may consider accumulating the stock in the Rs 24.50–25.50 zone, with a stop-loss at Rs 22.50. On the upside, the stock has the potential to move towards the Rs 30 target in the near term, provided it sustains above the mentioned support levels,” it added. The target price implies an upside potential of nearly 23% from the stock’s previous closing price of Rs 24.41 apiece.
Hardwyn India share price
Hardwyn India shares declined nearly 1% to trade at Rs 24.21 apiece, at around 11.05 am on Monday. The stock has fallen around 4% in five days and 2% in one month. Overall, the shares of the company are, however, up over 44% in 2026 so far.
Also read: Nestle among Nuvama’s top 5 consumer picks after Q4 earnings season. Do you own any?
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business
Dow Jones Surges 259 Points to Close Above 51,000 as Markets Climb Broadly
NEW YORK — The Dow Jones Industrial Average climbed 259 points on Monday, closing at 51,125.81 and extending recent gains as investors responded positively to steady economic signals and resilient corporate performance across key sectors.
The 0.51% advance marked another session of upward momentum for the blue-chip index, which has now surpassed the 51,000 milestone for the first time. The gain reflected broad participation, with technology, financials and industrial stocks leading the way amid reduced concerns over immediate recession risks and steady consumer spending data.
The S&P 500 and Nasdaq Composite also posted solid gains, underscoring a constructive tone across major U.S. equity benchmarks. Trading volume was healthy as market participants digested a mix of corporate earnings and macroeconomic updates that painted a picture of a resilient, if not overheating, economy.
Analysts attributed the session’s strength to several factors. Recent inflation readings have shown signs of moderation without derailing growth, helping ease fears of aggressive monetary tightening. At the same time, corporate America continues to demonstrate adaptability, with several major companies reporting earnings that met or exceeded expectations despite ongoing supply chain and labor market challenges.
Technology giants within the Dow, including those with significant artificial intelligence exposure, provided notable support. Financial stocks benefited from a stable interest rate environment that supports lending margins without overly pressuring borrowers. Industrial names gained on expectations of continued infrastructure spending and global trade stabilization.
The milestone above 51,000 represents a significant psychological level for the Dow, which has shown remarkable resilience in recent years despite periodic volatility tied to geopolitical developments and policy shifts. The index’s steady climb reflects underlying economic strength, particularly in services and technology-driven sectors that have offset slower growth in more traditional manufacturing areas.
Market breadth was positive, with advancing issues outnumbering decliners on the New York Stock Exchange. Small-cap stocks also participated in the rally, suggesting broadening participation beyond mega-cap names that have dominated much of the recent recovery.
Looking ahead, investors will closely monitor upcoming economic releases, including retail sales data and inflation metrics that could influence Federal Reserve policy expectations. While the central bank has signaled a cautious approach, markets appear to be pricing in a soft landing scenario where growth moderates without tipping into recession.
Sector rotation has been evident in recent sessions. While technology remains a key driver, financials and consumer discretionary names have found support as investors seek exposure to companies that benefit from a stable or modestly growing economy. Energy stocks showed mixed performance amid fluctuating oil prices, while utilities and consumer staples offered defensive characteristics during periods of uncertainty.
For individual investors, the Dow’s advance above 51,000 serves as a reminder of the long-term upward trajectory of U.S. equities despite short-term fluctuations. Many retirement accounts and index funds with broad market exposure have benefited from the index’s climb, reinforcing the importance of diversified, long-term strategies.
Corporate earnings season continues to provide a mixed but generally supportive backdrop. Companies across various sectors have highlighted operational efficiencies, pricing power and investment in technology as key drivers of performance. Guidance for the remainder of the year has been largely stable, with some firms noting resilience in consumer demand even as higher interest rates weigh on certain segments.
Global factors also influence U.S. market sentiment. Developments in major economies, currency fluctuations and commodity trends contribute to the overall risk appetite. The Dow’s performance often reflects not only domestic conditions but also international investor flows seeking exposure to the world’s largest economy.
Analysts caution that while the current environment appears favorable, risks remain. Persistent inflation in certain categories, geopolitical tensions and potential shifts in fiscal policy could introduce volatility. However, the underlying strength of corporate balance sheets and consumer spending provides a buffer against near-term headwinds.
The milestone crossing of 51,000 comes after a period of steady gains driven by technological innovation, particularly in artificial intelligence and related infrastructure. Companies positioned to benefit from these trends have been market leaders, pulling broader indices higher even as more traditional sectors face challenges.
Investment professionals emphasize the importance of maintaining perspective. While record highs generate excitement, disciplined portfolio management and diversification remain essential. Many recommend focusing on quality companies with strong competitive positions and sustainable business models rather than chasing short-term momentum.
As markets look toward the second half of 2026, attention will turn to corporate guidance, consumer confidence readings and central bank communications. The Dow’s ability to sustain gains above 51,000 will depend on continued economic resilience and positive earnings momentum.
The session’s advance adds to a strong year for U.S. equities, with the Dow posting solid returns amid a complex global backdrop. Investors remain optimistic but watchful, balancing enthusiasm for technological progress with awareness of cyclical risks.
Broader market participation suggests healthy conditions rather than narrow leadership. The combination of steady economic data and corporate adaptability supports the case for continued moderate growth. However, vigilance around inflation, employment trends and geopolitical developments will be necessary.
For retirement savers and long-term investors, the Dow’s climb represents tangible progress toward financial goals. The index’s performance over recent years underscores the benefits of staying invested through market cycles rather than attempting to time entries and exits.
Monday’s trading provided another example of the market’s forward-looking nature, pricing in expectations of stability even as new data points emerge. The positive close sets an encouraging tone heading into the new week, though sustained gains will require ongoing positive catalysts.
Market veterans note that crossing significant round numbers often attracts attention but does not guarantee continued momentum. Technical levels, sentiment indicators and fundamental developments will all play roles in determining the index’s path in the coming sessions.
Overall, the Dow’s advance to 51,125.81 reflects underlying confidence in the U.S. economy’s resilience and corporate sector strength. As investors digest the latest developments, the focus remains on balancing optimism with prudent risk management in an environment of both opportunity and uncertainty.
Business
Why is Check Point Software stock sliding today?

Why is Check Point Software stock sliding today?
Business
How Streaming Platforms and Social Media Are Changing the Economics of Sports Coverage
Streaming apps now sit on every phone, and social media scrolls run day and night. Together, they are rewriting the money rules of sports coverage. Paysafecard casinos have shown that users love smooth, one-click payments; being able to deposit with paysafecard in seconds mirrors the instant-win spirit behind the modern online casino.
Just as gamers enjoy a quick demo before deciding to play, they can sample fresh broadcasts through https://www.onlinecasino.si/igralni-avtomati first, learning the flow before locking in favorite moments, much like testing slot machines. As phones increasingly serve as both remote controls and wallets, sports media consumption has seen significant change over the last several years.
This article details how streaming platforms have disrupted traditional television contracts; how social feeds influence highlights; and why both trends impact how leagues, advertisers, fans, and sponsors witness each goal or lap during play.
From Exclusive Licenses to Open Streams
Television networks offered leagues large sums in exchange for broadcasting an entire season on broadcast TV, keeping teams wealthy while keeping fans glued to their living-room screens. But streaming platforms altered this arrangement dramatically. Due to online services’ flexible packages of games, viewers may subscribe only for home matches; someone else could purchase condensed replays; still, someone may pay just to watch one derby matchup during an exceptionally rainy Sunday afternoon.
By selling multiple small passes instead of one large license, leagues reach audiences that were previously unreachable with cable television. When platforms go global, this becomes even more powerful: now niche sports from Scandinavia can collect micro-fees from supporters all across Brazil, Kenya, or South Korea! Real-time ads that move in real time increase revenue pie even as its slices remain thin; exclusive rights still matter, but openness combined with data now dictates their price; flexible digital tickets allow friends to divide costs quickly with one tap, further lowering entry barriers.
Social Media as the New Sports Bar
Years ago, viewers discussed last night’s game at school or work the following morning; now conversations occur in real time via TikTok, Twitter, and Instagram; like giant sports bars where strangers meet to exchange cheers and memes with one another. People shaped what people expect to see with all this talk – broadcasters cut matches into six-second dunks, 30-second highlight reels, and reaction shots because that’s the language of feeds; brands also take note.
Sponsored filters that enable fans to apply virtual face paint during championship games can spread faster than any TV commercial ever could, driving away advertising dollars from traditional halftime breaks and driving eyeball minutes on social apps instead. The economic effects are evident: attention minutes diverted towards these social apps take money away from halftime breaks, which leads to lower advertising spend in halftime breaks overall.
Leagues once concerned about piracy now seed official clips directly on their pages and earn revenue via pre-roll ads and paid partnerships. Their aim? Simply to meet fans where they already comment, like, and share. As fans don’t sleep during an innings’ rest period, rights holders now employ community managers who post trivia questions, polls, and birthday greetings during quiet innings–all to increase fan engagement with official content!
Microtransactions and Fan Wallets
As streaming and fintech meet, new payment models emerge. While pay-per-view was once the norm, nowadays, fans might also tip commentators, buy digital stickers when their team scores, unlock an alternate camera for the final two minutes, etc. Each action costs only pennies each, yet millions of taps add up over time! Technology similar to mobile in-game purchases transforms an interactive match itself into an in-store experience.
Teams benefit because every click generates direct income rather than waiting for TV contracts; small payments reduce churn. Customizing one’s avatar to reflect team colors makes viewers less likely to cancel their monthly pass, and cashless wallets provide valuable data relating to who paid, when, and for what.
Sponsors use this insight to tailor limited-edition merch drops right inside the app, while clubs even reward repeat buyers with blockchain tokens that unlock meet-and-greets, turning an ongoing tip into a lasting badge of loyalty that keeps money moving during live events rather than after them. The whole loop keeps cash moving while attendees watch them unfold live!
Data Analytics Redefining Sponsorship Value
Digital streams generate massive quantities of numbers in real time. Every pause, rewind, and emoji can be traced and linked back to user profiles; sponsors benefit greatly from this precision over old Nielsen ratings that simply estimated how many households kept the TV turned on.
Now, a brand can know exactly that a sixteen-year-old in Texas watched three-quarters of a women’s basketball game on a tablet and clicked an ad during halftime; with such precise data at their disposal, marketers pay only for verified engagement instead of general impressions.
As metrics improve, sponsorship formats adapt as well. Virtual pitch-side boards may switch cities or languages while matching local holidays; augmented reality logos might linger over goal replay for fans who opted in while remaining invisible for others.
As each experiment feeds into an analytic engine, campaigns become smarter week by week. Investors have taken note; several leagues have begun offering pieces of their future ad inventory as tradable assets on new exchanges to create a pricing model that rewards action over mere exposure.
What This Means for Leagues, Broadcasters, and Fans
All these shifts contribute to one overarching message: control is dispersing. Leagues no longer rely on a single network check for income or data dashboards; instead, they manage multiple revenue sources and dashboards simultaneously.
Broadcasters who adapt quickly may still find success; however, to do so effectively, they must iterate quickly and provide personalized feeds like any good tech firm would. Advertisers benefit from higher returns yet must compete harder for attention from viewers, while fans enjoy watching any sport or screen they desire in any language and pay only for bits they care about – although microfees add costs over time and cause fatigue for decision-making.
To increase trust among their audience, platforms should publish fair pricing structures, protect user data, and make parental controls easily available. Education will play an integral part in building this new ecosystem: tutorials explaining pass options, privacy controls, and refund rules will give every age group confidence when discussing them with one another – this way, the new ecosystem can strike an optimal balance between profit and access without disrupting play on the field. One thing remains certain, though; business will keep moving at lightning pace around it!
Business
10 stocks crash up to 50% in just 100 days of US-Iran war. Do you own any?
The Indian stock market has witnessed a sharp correction since the Iran-US-Israel conflict escalated in late February, with the Nifty 50 falling over 7%. Several mid- and large-cap stocks have been hit hard, with some losing up to 50% of their value in just 100 days amid heightened uncertainty and sector-specific concerns.
Business
FICO approves $2 billion stock buyback, launches $1.5 billion ASR

FICO approves $2 billion stock buyback, launches $1.5 billion ASR
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