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FENI: Developed Markets ETF With A Fundamental Edge (NYSEARCA:FENI)

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FENI: Developed Markets ETF With A Fundamental Edge (NYSEARCA:FENI)

This article was written by

Fred Piard, PhD. is a quantitative analyst and IT professional with over 30 years of experience working in technology. He is the author of three books and has been investing in data-driven systematic strategies since 2010. Fred runs the investing group Quantitative Risk & Value where he shares a portfolio invested in quality dividend stocks, and companies at the forefront of tech innovation. Fred also supplies market risk indicators, a real estate strategy, a bond strategy, and an income strategy in closed-end funds. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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FDA says 1.5 million dozen eggs recalled over possible salmonella contamination

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Justice Department settles with top US egg producers over alleged price manipulation

More than 1.5 million dozen shell eggs sold in six states have been voluntarily recalled over potential salmonella contamination, federal regulators announced Wednesday. 

The U.S. Food and Drug Administration (FDA) said Midwest Poultry Services initiated the voluntary recall, affecting 1,589,577 dozen cartons of white shell eggs and brown cage-free shell eggs. 

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Officials said the recalled products were sold under several brands, including Kroger, Brookshire’s, Country Morning, Simple Truth, and Sunups, as well as various bulk Grade A and Grade AA eggs. 

The eggs were ultimately distributed to retail and food service customers in Texas, Oklahoma, Arkansas, Louisiana, New Mexico and Mississippi, as well as other smaller retail outlets, according to the FDA. 

ALLERGY MEDICATION RECALLED OVER POSSIBLE DRUG MIX-UP THAT COULD TRIGGER ‘LIFE-THREATENING’ REACTIONS

Country Morning and Brookshire's cartons

Country Morning Grade A Large 12-count eggs (top) and Brookshire’s Jumbo White Eggs 12-count (bottom) are among the recalled retail egg cartons. (U.S. Food and Drug Administration / Fox News)

The affected products were produced at two farms in Texas, according to the FDA.

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Officials said the issue was discovered during routine environmental testing. No illnesses have been reported in connection with the eggs. 

“When we learned of a possible issue with egg safety, we began diverting eggs to a breaking plant where they would be pasteurized to kill any foodborne pathogens,” Midwest Poultry Services told FOX Business in a statement on Thursday. 

“We also began a robust internal investigation and initiated testing protocols to identify potential sources of SE,” the company added, referring to Salmonella Enteritidis. 

“Producing safe, quality food for those who eat our eggs is our highest priority, and this voluntary investigation and recall demonstrates that commitment.”

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Kroger Medium Grade A carton

A 12-count carton of Kroger Grade A Medium eggs are subject to the Salmonella recall notice. (U.S. Food and Drug Administration / Fox News)

TARGET, KROGER, MEIJER FRUIT PURÉE POUCHES RECALLED OVER PLASTIC RISK: FDA

The recall includes various carton sizes and egg counts.

Consumers can identify affected products by the codes printed on the side of the carton. The eggs were packed and distributed between June 6 and July 3, with sell-by or best-by dates ranging from July 20 through Aug. 17.

The affected cartons also bear plant code P-1950 or 840962 with a Julian Date between 157 and 184.

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Consumers who purchased the recalled eggs should not eat them and should return them to the place of purchase for a full refund.

According to the FDA, salmonella can cause serious and sometimes fatal infections in young children, older adults, frail individuals and people with weakened immune systems. 

Healthy people infected with salmonella may experience fever, diarrhea that may be bloody, nausea, vomiting and abdominal pain. 

In rare and severe cases, the bacteria can enter the bloodstream and cause more serious illnesses, including arterial infections, infected aneurysms, endocarditis and arthritis. 

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Cal-Maine Sunups egg box label

A 2.5-dozen box of Cal-Maine Sunups Grade A Medium eggs is included in the Midwest Poultry Services recall. (U.S. Food and Drug Administration / Fox News)

CLICK HERE TO GET FOX BUSINESS ON THE GO

Consumers with questions can contact Midwest Poultry Services’ consumer helpline at 574-405-9531, available Monday through Friday from 8 a.m. to 4:30 p.m. EST, or email recallassistance@mpseggs.com.

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Green light for $13m AQWA upgrade

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Green light for $13m AQWA upgrade

An upgrade of AQWA in Hillarys has been approved, with the multi-million-dollar plan to include new aquarium exhibits, a theatre and a playground.

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We split bills equally even when one of us earned a lot more

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A ward at the District General Hospital in Sri Lanka's Negombo city where dengue patients are getting treated. A nurse in green is seen taking notes in the foreground

The couple’s system of sharing money remained the same even when Max was made redundant last year and they had to rely on Hannah’s salary of between £40,000 and £60,000.

“There was shock and panic initially,” Hannah, who did not want to disclose her precise salary, says. “But we sat down and really looked through where we could cut things out.”

They cancelled gym memberships and Sky TV and went through their finances to make sure they could cover their mortgage and bills on a lower income.

Max had trained at culinary school instead of doing A-levels and university, but had moved away from hospitality because he felt it would not pay enough.

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When he was made redundant he wanted to use the opportunity to create his own business in something he genuinely enjoyed – but Hannah had reservations.

“At first I told him to set this up alongside getting another job but we quickly realised the business would take a lot of time and energy,” she says.

“We ran the numbers and decided that this was the right moment to take the risk given we don’t have kids and no one else is depending on us.”

Max spent £20,000 from his redundancy package buying and converting a horsebox trailer into a pizza truck, which now caters for weddings, parties and pop-ups.

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He says the money he invested was their agreed limit to make the business work and if it failed he would find another job rather than putting in more.

The business now brings in between £4,000 and £6,000 a month in revenue and Max pays himself a salary that covers the mortgage.

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UK mortgage rates rise to highest level for a month as global tensions persist

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A ward at the District General Hospital in Sri Lanka's Negombo city where dengue patients are getting treated. A nurse in green is seen taking notes in the foreground

“It will be incredibly frustrating for borrowers to see rates rise back up to where they were a month ago. The positive progress over recent weeks now feels all but lost, but what the market needs is a period of stability,” said Rachel Springall, finance expert at Moneyfacts.

She said 100 deals had been pulled temporarily as lenders reconsider their pricing plans.

She suggested that anyone who needed to remortgage this year could lock in a new deal now with their existing lender ahead of time, but should also seek help from a broker to see whether there are better deals elsewhere.

“Brokers are an anchor during turbulent times as they can help borrowers keep abreast of changes and be there step by step when going through a mortgage application,” she said.

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Borrowers had been heartened by the regular falls in mortgage rates during June and early July, but brokers say the latest changes are evidence of the uncertainty in the sector.

“Any borrower hoping for rate cuts to become an ongoing trend will need to rethink,” said David Hollingworth, of L&C Mortgages.

“Momentum has performed an about turn and now clearly shifted to fixed rates rising in the near term at least.”

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Wall Street falls as investors digest tech earnings

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Wall Street falls as investors digest tech earnings

Wall Street indices have closed lower as the latest earnings updates from large technology companies revived concerns about heavy AI spending while soaring oil prices amped up inflation worries, lifting bond yields.

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Form 13D/A ALLURION TECHNOLOGIES For: 23 July

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Form 13D/A ALLURION TECHNOLOGIES For: 23 July

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Two decades of mass protests in India

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Two decades of mass protests in India

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Alliance Entertainment Holding Corporation (AENT) Discusses Evolution Into Omnichannel Distribution and Fulfillment Platform for Media and Collectibles Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Craig Brelsford

This is Craig Brelsford with RedChip Companies. Thank you for joining today’s event with Alliance Entertainment, which trades on the NASDAQ under the ticker AENT. With us today, we have Bruce Ogilvie, Executive Chairman of Alliance Entertainment; Jeff Walker, the CEO; and Amanda Gnecco, the CFO. We will begin with a brief presentation in a moment, and then we will answer your questions. [Operator Instructions].

Before we begin, please allow me to read the safe harbor statement. This call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements pertaining to future financial and/or operating results, along with other statements about the future expectations, beliefs, goals, plans or prospects expressed by management constitute forward-looking statements. Any statements that are not historical facts should also be considered forward-looking statements. Of course, forward-looking statements involve risks and uncertainties. Alliance team, please go right ahead.

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Bruce Ogilvie
Executive Chairman of the Board

Craig, thank you very much. Thank you, everybody, for joining us today and taking the time to learn about our company. Some of you may be new to us, I’ll give you, like, a little brief background where we are. I’m trying to explain everything, and then we’re going to have a Q&A session after about 22 minutes.

On my screen here, hopefully, you can see it. This is a picture of all the different types of products we carry, which consist of movies, music, video games, toys and collectibles. Music consists of LPs, CDs and yes, and cassettes. As far as movies go, it’s 4K Blue-ray

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Rita Saffioti, Alannah MacTiernan subpoenaed to attend defamation trial

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Rita Saffioti, Alannah MacTiernan summoned to attend defamation trial

Deputy premier Rita Saffioti and former minister Alannah MacTiernan could be witnesses in an ongoing defamation trial, having been subpoenaed to attend.

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US stocks today: Nasdaq plunges 2% as tech earnings spark AI spending worries

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US stocks today: Nasdaq plunges 2% as tech earnings spark AI spending worries
Wall ​Street indexes closed lower on Thursday with Nasdaq sinking more than 2% as the latest earnings updates from large technology companies revived concerns about heavy AI spending, while soaring oil prices amped up inflation worries, lifting bond yields.

Losses were broad-based after investors were unimpressed by second-quarter results from Alphabet and Tesla , the first of ‌the heavyweight “Magnificent Seven” companies ⁠to report ⁠results this season.

Stocks also came under additional pressure as Brent crude oil futures settled above$100 a barrelfor the first time since May, and U.S. oil futures rose above $90.

Middle ​East hostilities fanned worries about global oil supplies. The U.S. military launched another round of air strikes on Iran, and Iran fired at neighboring ​Arab countries that house U.S. bases. U.S. President Donald Trump vowed “major military punishment” for Iran and Houthis, after the Yemeni fighters struck two Saudi oil tankers in the Red Sea.

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The resulting surge in oil prices prompted worries about inflation days before the next Federal Reserve policy ​meeting.


“Oil prices rising at this clip pose a meaningful macro and market risk,” said Matt ⁠Miskin, co-chief investment ‌strategist at Manulife John Hancock Investments. He added that low unemployment data would pressure the Fed to focus ​on fighting inflation.
And he ​also pointed to the lack of enthusiasm, even for strong earnings reports as investors struggle to justify ⁠high valuations.”The numbers in aggregate are great but many companies have had a story that’s ​caused the stock to fall,” said Miskin, pointing to worries about capital spending as one ​example. “Any chink in the armor and the stocks are being sold off.”

According to preliminary data, the S&P 500 lost 92.62 points, or 1.24%, to end at 7,408.53 points, while the Nasdaq Composite lost 552.33 points, or 2.15%, to 25,138.57. The Dow Jones Industrial Average fell 523.01 points, or 1.00%, to 51,695.57.

The S&P 500’s 11 major industry sectors were a mixed bag with strength in industrials where big gainers included Lockheed Martin. Shares in the defense giant rallied after it lifted 2026 sales and profit forecasts.

Shares of Google’s parent, Alphabet, sank after ‌it reported higher spending plans while it also burned cash.

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The stock’s fall dragged the communication services sector down. Consumer discretionary was another big sector loser, with a hefty weight from Tesla, whose shares tumbled after it reported ​negative free cash flow ​in the second quarter for the ⁠first time in more than two years.

Wall Street’s fear gauge, the CBOE Volatility Index hit its highest level in nearly a month during the session.

With oil prices rising, inflation worries pushed U.S. 10-year yields to their highest levels since early 2025. However traders were still ​betting on a roughly 64% probability that the Fed would keep interest rates unchanged next week, according to CME Group’s FedWatch tool.

The volatile Philadelphia semiconductor index was down during the session with results due after the bell from chip giant Intel. Shares in analog chip company Texas Instruments fell sharply despite forecasting quarterly revenue above estimates.

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However, shares in Thermo Fisher Scientific rallied after the medical equipment maker raised its annual profit forecast and beat estimates for second-quarter results.

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