Business
IDBI Bank Q1 Results: Net profit grows 5% YoY to Rs 2,115 crore, NII climbs 10%
The bank’s net interest income, the difference between interest earned and interest expenses, rose more than 10% YoY to Rs 3,486 crore in Q1 FY27 from Rs 3,166 crore in Q1 FY26.
IDBI Bank’s asset quality slightly worsened since the March quarter, although it improved on a YoY basis. The lender’s net NPA ratio stood at 0.16%, as against 0.15% in Q4 FY26 and 0.21% in Q1 FY26.
Provisions and contingencies stood at a negative Rs 637 crore, as against a negative Rs 179 crore in the year-ago period. Capital adequacy ratio, meanwhile, increased to 26.92% during the quarter under review, while return on assets stood at 1.89%.
Also read | HDFC Bank Q1 Results: Net profit rises 5% YoY to Rs 19,060 crore, NII up 7%
IDBI Bank’s total deposits grew 10% YoY to Rs 3.26 lakh crore, while net advances rose 22% YoY to Rs 2.59 lakh crore. Credit deposit ratio stood at 79.5%, marking an improvement by 810 bps YoY and 644 bps QoQ. Net interest margin (NIM) stood at 3.61%. The lender’s total balance sheet increased 10% YoY to Rs 4.44 lakh crore.
The company’s current account savings account ratio stood at 43.64%, marking a 99 bps fall since June last year. CASA, meanwhile, grew 7% YoY to Rs 1.42 lakh crore in Q1 FY27.
IDBI Bank share price
IDBI Bank shares gained around 2% to close at Rs 87 apiece on Friday. The shares of the company gained around 5% in one week, but have fallen around 4% in one month. Overall, the stock is down more than 16% in 2026 so far.
Also read | Yes Bank Q1 Results: Net profit surges 34% YoY to Rs 1,071 crore; NII advances 18%
Over a longer term, IDBI Bank shares have delivered a negative return of 13% over one year, but positive returns of 50% in three years and 130% in five years. The company has a market capitalisation of nearly Rs 93,546 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business
HDFC Bank, RIL, and Eternal among top 10 stock holdings of HDFC Mutual Fund in June
HDFC Mutual Fund held top positions in ICICI Bank, HDFC Bank, Axis Bank, RIL and Eternal in June. Check the fund house’s top 10 stock holdings and portfolio changes.
Business
Gold Prices Are Falling Below $4,000/Oz, But I Keep Buying Because Of This Rationale!
Gold Prices Are Falling Below $4,000/Oz, But I Keep Buying Because Of This Rationale!
Business
Honda Confirms 2026 Japan Launch Dates for Retro Inline-Four CB400 Super Four and CBR400R E-Clutch Bikes
Honda has confirmed production and delivery dates for two long-anticipated small-capacity motorcycles, the CB400 Super Four E-Clutch and the fully faired CBR400R Four E-Clutch, both of which will begin arriving at select Japanese dealerships later this summer, marking the revival of one of the company’s most iconic naked-bike platforms.
According to Honda Japan, the naked CB400 Super Four E-Clutch will reach select “Dream” dealerships first, on August 21, with the sportier CBR400R Four E-Clutch following roughly one month later, on September 18. Pricing for the two models has also been confirmed, with the CB400 Super Four E-Clutch set at 998,800 Japanese yen, or roughly £4,600, while the more expensive CBR400R Four E-Clutch will carry a price tag of 1,199,000 yen, approximately £5,500. That places the CBR400R Four E-Clutch in similar pricing territory to competitors such as QJMotor’s SRK 421 RR, which retails for £5,299 in comparable markets.
Both motorcycles are built around a newly developed, liquid-cooled 399cc inline four-cylinder engine, a configuration that has become increasingly rare at this displacement, since singles and twins are far more common among smaller-capacity motorcycles today. According to figures reported by Gear Patrol, the engine produces a claimed 57.2 horsepower at 11,500 rpm and 28 lb-ft of torque at 9,750 rpm, with the CBR400R Four E-Clutch weighing in at roughly 412 pounds. Japanese motorcycle outlet Webike Plus reported the engine’s output as 58 PS, describing it as a 2 PS improvement over the previous-generation CB400 Super Four powerplant.
Both models are paired with Honda’s E-Clutch system, a semi-automatic clutch technology the company first introduced in 2024 and has since rolled out across a range of models, from the larger Transalp adventure bike to the smaller Rebel 300 cruiser. E-Clutch allows riders to pull away from a stop and shift gears without manually operating a clutch lever, while still preserving the feel and control of a traditional manual gearbox for riders who prefer to operate the clutch themselves. The system is paired with a throttle-by-wire setup on both new models, giving Honda’s engineers additional flexibility over power delivery and rider-assist features. Both bikes also share a five-inch, full-color TFT display equipped with Honda’s RoadSync connectivity function, allowing riders to pair their smartphones for navigation, call and music integration while riding.
The CB400 Super Four nameplate carries significant history within Honda’s lineup. The original version of the motorcycle first went on sale in 1992 and remained in production for three decades, until it was discontinued in October 2022. During that run, the CB400 Super Four became one of the most popular motorcycles in Japanese history, a success driven in large part by the country’s licensing and tax regulations, which favor motorcycles with engine displacements under 400cc. That regulatory backdrop continues to make the 400cc class commercially significant in Japan today, giving Honda a clear incentive to revive the platform even as larger-displacement motorcycles have dominated headlines in other global markets.
Honda first previewed both new models as concept motorcycles at the 42nd Osaka Motorcycle Show earlier this year, under the banner “Next Stage CB,” a design philosophy aimed at bringing Honda’s classic naked-bike styling into a modern era while preserving key visual elements from the original 1992 model, including its round headlight and exposed frame styling. The naked CB400 Super Four draws additional styling inspiration from Honda’s larger CB1000F model, while the fully faired CBR400R Four takes a more aggressive design approach, with sharper bodywork intended to position it as a direct rival to the Kawasaki Ninja ZX-4R, a bike that has largely had the small-capacity four-cylinder sportbike segment to itself in recent years.
Despite strong interest from enthusiasts, Honda has not yet confirmed whether either model will be sold outside Japan, including in the United Kingdom, where demand for smaller-capacity motorcycles has grown steadily in recent years. A Honda spokesperson told Motorcycle News the company had “no comment to make at the moment on possible future additions to our European line-up,” leaving open the possibility that both bikes could eventually reach additional markets without confirming any specific timeline.
Industry observers have pointed to the current strength of the small-capacity segment in markets like the United Kingdom as a reason Honda could ultimately look to expand availability beyond Japan. The Honda GB350S, a smaller-capacity model already sold in the UK, has been one of the most popular bikes in its category across all motorcycle segments over the past two years, suggesting a receptive market exists for additional small-displacement Honda models should the company choose to expand distribution. Rising interest in the broader small four-cylinder category, fueled in part by bikes like the Kawasaki ZX-4RR and the upcoming QJMotor SRK421RR, has further strengthened the case that UK dealers could see meaningful customer demand for the CB400 Super Four E-Clutch and CBR400R Four E-Clutch if Honda ultimately brings them to market outside Japan.
Both motorcycles are also closely related to versions of the platform already sold in China at a slightly larger 502cc displacement, according to reporting from Motorcycles.News, with Honda having filed related trademarks in multiple markets worldwide, another signal that broader international availability remains a possibility even without a confirmed release plan.
For now, Japanese buyers will be the first to gain access to both new models, with the naked CB400 Super Four E-Clutch arriving in dealerships next month ahead of the more aggressively styled CBR400R Four E-Clutch in September. Whether the rest of the world eventually gets a chance to buy either motorcycle remains an open question, one that will likely depend on how strongly the bikes perform in their home market and how much international demand continues to build in the meantime.
Business
AMD: What I’m Watching Into The August 4 Earnings Print (NASDAQ:AMD)
Vishal Jadaun is the founder of Tickzen, a company that develops quantitative research tools, valuation frameworks, and stock analysis models for investors. With a background in computer science and a self-directed approach to investing, he evaluates companies primarily through financial statements, SEC filings, earnings reports, and management disclosures rather than market narratives or third-party opinions.His research on Seeking Alpha focuses on post-earnings and fundamental analysis of industrial, logistics, and technology companies. His process emphasizes separating one-time accounting items from underlying operating performance, assessing balance-sheet strength, and building independent estimates of intrinsic value.
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.
Business
(VIDEO) BTS Concert in Paris Draws Record 92,000 Fans as President Macron Attends Historic Show
BTS drew the largest crowd of the group’s career Friday night, performing before 92,000 fans at Stade de France in Saint-Denis, just north of Paris, in what marked the biggest single-night audience the K-pop supergroup has ever played to since debuting in 2013.
The concert, part of the European leg of the group’s Arirang World Tour, filled France’s largest stadium beyond its listed 80,000-person capacity, with fans packed in for roughly 150 minutes of continuous performance. More than 90,000 members of the group’s fan base, known as ARMY, had gathered outside the venue as early as an hour before the show began, chanting the group’s traditional cheering call listing each member’s Korean name. When the seven members emerged onstage amid red smoke, the crowd erupted, with some fans reportedly fainting or needing assistance from safety staff amid the overwhelming noise and emotion, and others moved to tears simply from seeing the group perform in person.
French President Emmanuel Macron and his wife, Brigitte Macron, were among those in attendance, seen on broadcast cameras holding light sticks known as ARMY bombs throughout the performance. Macron later shared a video of the concert filmed on his phone to his Instagram account, writing simply, “Welcome to Paris.”
The set list moved through material spanning the group’s career, opening with “Hooligan” before running through the “Arirang” album’s title tracks, with fans singing along fluently in Korean. The show also featured longtime fan favorites including “FAKE LOVE,” “Not Today,” “IDOL,” “Butter” and “Dynamite,” along with two surprise additions for the French crowd: “A Song Dedicated to the Small Things” and “JUMP.” Throughout the performance, fans stood and sang continuously without sitting or resting, a display of stamina and devotion that reporters covering the show described as remarkable given the concert’s length.
The production leaned heavily on elements of Korean cultural heritage, incorporating stage design and performance references tied to traditional tal masks, the Buddhist seungmu dance, the Taegeuk symbol, the circle dance known as ganggangsullae, and Gyeonghoeru Pavilion at Gyeongbokgung Palace. Pyrotechnic elements inspired by sparklers and traditional Korean fire rituals accompanied songs including “FYA” and “Burn It,” adding to the visual spectacle throughout the night.
The international makeup of the crowd stood out as one of the evening’s defining features. Fans from across Europe and beyond, including from Spain, Portugal, Italy, Norway, England, Ukraine, Argentina, the Philippines and Turkey, waved their national flags throughout the show, creating an atmosphere reporters compared to a World Cup or Olympic event. French fans were spotted waving a hybrid flag combining France’s tricolor with South Korea’s Taegeuk symbol, while women wearing hijabs waved light sticks alongside others dressed in traditional Korean hanbok attire. When an image of Spanish fans waving their flag appeared on the venue’s screens, French fans, still processing France’s recent World Cup semifinal loss to Spain, responded with a good-natured chorus of jeers.
Members of BTS addressed the crowd directly throughout the night, expressing gratitude for what they described as an unusually passionate reception even by the standards of their global tour. Jungkook, the group’s youngest member, spoke in French, telling fans he had spent a happy evening with them and would never forget the memory. Jin, the group’s oldest member, referenced his experience carrying the Olympic torch in Paris in 2024, saying he had again enjoyed a wonderful day surrounded by fans. V attempted a French greeting despite acknowledging uncertainty about his pronunciation, drawing cheers after mentioning his fondness for croissants and snails. RM, the group’s leader, also spoke in French, expressing happiness at returning to Paris while forming a heart shape with his hands.
Suga, who had previously said the Paris stop was the tour date he anticipated most, drew a direct comparison to the group’s history at the venue, noting that BTS had performed at the same stadium seven years earlier to roughly half Friday’s crowd size, calling Paris the largest and most passionate audience of the tour. Jimin echoed that sentiment, describing the show as the largest audience in the group’s history, while J-Hope asked the crowd in French whether they had enjoyed themselves before calling Paris the city with the best ARMY fan base.
Beyond the celebrity attendees, the concert drew broad coverage from French media outlets. Le Monde published an extensive online feature tracing the group’s journey from their 2013 debut to the present, noting that the members’ mandatory military service, which many observers had speculated could strain the group, instead appeared to have left them more unified and confident in their identity.
Fans in attendance brought handmade signs and artwork reflecting years of devotion to the group, with messages referencing more than a decade of fandom and long journeys to reach the concert, including at least one sign noting a 3,000-kilometer drive to attend. Attendees also displayed artistic tributes depicting the band members in styles ranging from Renaissance portraiture to superhero-inspired illustrations.
The Paris show capped what has already been a milestone year for BTS following the group’s return from an extended hiatus tied to mandatory military service. The “Arirang” album, released in March, previously became the most-streamed K-pop album in Spotify’s history, and the group’s music video for the single “NORMAL” similarly broke Spotify’s single-day streaming record for a K-pop video earlier this month. With the European leg of the tour now concluding, BTS is scheduled to perform at additional stops in the coming days before joining Madonna, Shakira and Justin Bieber as co-headliners of the FIFA World Cup final halftime show Sunday, July 19, at MetLife Stadium in East Rutherford, New Jersey.
Business
Canada prepares to evacuate Ontario community as wildfire smoke chokes US

Canada prepares to evacuate Ontario community as wildfire smoke chokes US
Business
(VIDEO) Tom Brady Slaps Logan Paul Onstage at Fanatics Fest as Video of Long-Running Feud Goes Instantly Viral

Tom Brady slapped WWE star and YouTuber Logan Paul across the face during a live panel at Fanatics Fest in New York City on Friday, escalating a months-long public feud between the two that has now played out across podcasts, a flag football field and, most recently, a live stage in front of a crowd of onlookers.
The incident occurred after Brady, Paul, New York Knicks star Karl-Anthony Towns and others wrapped up a panel discussion titled “This Is Why We Collect” at the sports memorabilia and fan convention. According to multiple accounts of the moment, a heated verbal exchange between Brady and Paul followed the panel’s conclusion, ultimately ending when Brady struck Paul with an open-handed slap across the face. Towns, who was standing just inches from the two men, stepped in immediately to separate them before the confrontation could escalate further, and both Brady and Paul were quickly escorted off the stage.
Footage of the exchange, posted by Fanatics with Brady, Paul, WWE and the NFL all tagged as collaborators, spread rapidly across social media. According to Variety, the clip drew more than 17.5 million views on Instagram and nearly 7 million more on X within hours of being posted. Fanatics captioned its own post of the video, “Round 100 of this never ending beef at Fanatics Fest.”
Brady addressed the incident afterward on X, sharing his own footage of the altercation and referring to Paul as a “dork.” Paul, for his part, offered his own account of events on X, framing the confrontation as retaliation for needling Brady over a prior loss. “This happened bc I was roasting Tom for beating him in flag football. And he tries to smack me?? Horrible example for the kids. Aura -100 + Blocked. With a torn tricep,” Paul wrote. In a separate clip captured after the slap, Paul could be heard telling someone nearby to “get your boy,” before adding, “Take him out of here, bro. He’s going to get himself hurt. I swear to God.”
It remains unclear whether the confrontation was staged, either as a preview for a potential Brady appearance in WWE or as additional promotion for Paul, who is currently recovering from a torn triceps and has said he is eager to return to the ring once healed. Speaking about a possible WWE debut of his own during the Fanatics Fest panel, Brady suggested he had given the idea real consideration. “I feel like I’m retired from football, and I have an opportunity to go out there and still showcase that I’m a little bit of an athlete. My boy [Rob Gronkowski‘s] done it. I’ve seen, obviously, Logan Paul do it. I think I could get in there for at least one match, right?” Brady said. He added that if he did step into the ring, he would likely embrace a villainous persona given his history as a divisive figure among opposing fan bases during his NFL career. “I’ve always been a bad guy,” Brady said, explaining that success on the road in the NFL tends to make a player unpopular with rival crowds. “When you go on the road and you’ve had some success in the NFL, they don’t like you. It’s an incredible feeling when you work that entire day to basically try to send the crowd home early.”
The rivalry between Brady and Paul stretches back several months. According to Bleacher Report, the tension first flared at a February Fanatics event, when Paul told Brady he believed his WWE career made him just as athletic as NFL players. The two clashed again during the draft process for the 2026 Fanatics Flag Football Classic, with Brady pushing back on Paul’s athletic credentials by pointing to the fact that Paul had cited his own high school football statistics as part of his argument. That event took place in March, when Brady and Paul competed on opposing teams, with Paul’s squad ultimately defeating Brady’s in the tournament, even as Brady appeared to mock Paul during their head-to-head matchup by throwing the football directly at him.
The feud has also included sharper exchanges. Ahead of the March flag football event, Brady used an appearance on Paul’s podcast, “Impaulsive,” to dismiss WWE as “cute” and question whether Paul’s athleticism compared to top NFL talents such as Saquon Barkley. In a separate Instagram video, Brady went further, calling Paul derogatory names and daring him to compete against “the big boys” in football. Brady later appeared to walk back the intensity of the rift during an appearance on “The Tonight Show Starring Jimmy Fallon,” telling the audience he was not looking to escalate tensions with Paul despite hearing from fellow NFL players eager to see the wrestler humbled. “I’m like, ‘Guys, chill out,’” Brady said at the time. “‘We’re not committing any crimes against Logan Paul.’”
Friday’s slap suggests that détente did not last. Paul made his WWE debut in April 2021 and has continued building a career in the promotion alongside his YouTube and boxing ventures, though his in-ring activity has been paused since he suffered a torn triceps on May 23 while defending the WWE World Tag Team Championship alongside his tag partner in a match against The Vision’s Austin Theory. WWE doctors have reportedly estimated a six-month recovery timeline for the injury, with Bron Breakker stepping in as Theory’s tag team partner in Paul’s absence.
Brady, who played in the NFL from 2000 to 2022 and won seven Super Bowl championships during his career, is now a part-owner of the Las Vegas Raiders. Reaction to Friday’s viral moment has been mixed, with some fans questioning whether the slap represented a genuine escalation of tension or simply the latest chapter in an ongoing publicity exchange between two of sports and entertainment’s most recognizable personalities. Whether the incident leads to any further confrontation, either on another flag football field or potentially inside a WWE ring once Paul returns from injury, remains to be seen.
Business
AI Memory Leader or Space Pioneer for Investors
NEW YORK — Investors weighing technology opportunities in 2026 face a choice between established leaders in artificial intelligence infrastructure like SK Hynix and ambitious newcomers in space and satellite communications such as SpaceX, both offering exposure to high-growth sectors but with distinct risk profiles and market dynamics.
SK Hynix, the South Korean memory chipmaker, has emerged as a key beneficiary of the AI boom through its high-bandwidth memory products essential for training large language models. SpaceX, which completed its initial public offering in June, brings a different proposition centered on reusable rockets, Starlink satellite internet and potential AI compute capabilities in orbit.
The comparison highlights broader themes in technology investing: tangible near-term earnings from semiconductor demand versus long-term visionary bets on space industrialization. Both companies operate in capital-intensive industries with significant barriers to entry, but their paths to value creation differ markedly.
SK Hynix has posted strong results tied to surging demand for HBM chips used in NVIDIA graphics processors and other AI accelerators. The company has expanded production capacity aggressively to meet orders from major clients building data centers. Analysts project continued revenue growth as AI infrastructure spending remains elevated through the decade.
The memory sector has historically been cyclical, with periods of oversupply pressuring prices. However, the structural shift toward AI has altered dynamics, with HBM representing a higher-margin, specialized segment less prone to commoditization than traditional DRAM or NAND.
SK Hynix’s technological edge in stacking and bandwidth has allowed it to capture significant market share. Partnerships with foundries and direct sales to hyperscalers provide diversified revenue streams beyond traditional PC and mobile markets.
In contrast, SpaceX has disrupted the launch industry with reusable Falcon rockets and is scaling Starlink to provide global broadband. The company’s valuation soared post-IPO, reflecting enthusiasm for its role in lowering space access costs and enabling new applications from broadband to Earth observation.
SpaceX’s Starship program aims for even greater payload capacity and eventual Mars missions, though technical challenges remain. Starlink revenue growth has been a highlight, with subscriber additions driving recurring income.
Both companies face substantial capital requirements. SK Hynix invests heavily in fabrication facilities, while SpaceX funds rocket development and constellation deployment. Access to capital and execution on these investments will determine long-term success.
For public market investors, SK Hynix offers more immediate financial visibility through quarterly earnings tied to chip demand. SpaceX, as a newer public entity, is still establishing its reporting cadence and faces scrutiny over valuation sustainability after an initial post-IPO surge.
Analysts covering SK Hynix highlight its positioning in the AI supply chain. Memory demand for data centers is expected to remain robust, supporting pricing power in premium segments.
SpaceX’s investment thesis rests on execution across multiple fronts. Starlink’s path to profitability and global scale is critical, as is progress on Starship for higher-margin launch contracts and future exploration missions.
Regulatory environments differ. SK Hynix navigates semiconductor export controls and trade tensions, while SpaceX deals with aviation and space regulatory bodies alongside international spectrum allocation for Starlink.
Geopolitical risks affect both. Tensions in Asia impact semiconductor supply chains, while space activities face scrutiny over orbital debris and national security implications.
Diversification benefits exist for portfolios including both. SK Hynix provides exposure to proven AI infrastructure demand, while SpaceX offers asymmetric upside from space economy expansion.
Valuation metrics vary. SK Hynix trades at multiples reflecting growth expectations in memory, with analysts monitoring inventory levels and capital expenditure cycles. SpaceX’s post-IPO trading has shown volatility typical of high-profile technology debuts.
Investment decisions should consider time horizons. Near-term catalysts favor SK Hynix through earnings and AI spending updates. SpaceX’s story unfolds over years as Starship matures and Starlink reaches critical mass.
Broader market context includes Federal Reserve policy, economic growth and technology sector rotations. AI enthusiasm has lifted related stocks, but concerns over concentrated spending have prompted periodic pullbacks.
SK Hynix benefits from South Korea’s semiconductor ecosystem and government support for strategic industries. The company has announced expansions to meet projected demand.
SpaceX, under Elon Musk’s leadership, maintains ambitious timelines. Recent Starship test flights have advanced development despite setbacks common in complex engineering programs.
Financially, SK Hynix reports consistent profitability tied to product cycles. SpaceX has shown improving economics as launch cadence increases and Starlink scales.
Risk management differs. Semiconductor investors monitor inventory and pricing, while space investors track launch success rates and regulatory approvals.
Longer-term, both could benefit from AI synergies. SK Hynix supplies memory for ground-based training, while SpaceX could enable distributed computing or data relay in orbit.
Portfolio allocation depends on risk tolerance. Conservative investors may prefer SK Hynix’s established financials, while those seeking higher growth potential might allocate to SpaceX despite volatility.
Analyst consensus for SK Hynix remains positive, with price targets incorporating HBM expansion. SpaceX coverage is developing as the company reports public results.
The 2026 investment landscape favors companies with clear technological moats and secular tailwinds. SK Hynix and SpaceX exemplify different expressions of innovation in critical infrastructure.
Investors should conduct due diligence, considering overall asset allocation and market conditions. Neither represents a guaranteed outcome, as execution and external factors will influence results.
As AI and space technologies evolve, both companies are positioned at the forefront of their respective domains. The choice between them reflects preferences for near-term cash flows versus visionary disruption.
Market watchers will monitor upcoming earnings and operational updates from both. SK Hynix’s next results and SpaceX’s quarterly filings will provide fresh data points for comparison.
In summary, SK Hynix offers a more mature play on AI memory demand, while SpaceX represents a bet on multi-decade space ambitions. Diversification across both could balance immediate returns with long-term potential in transformative technologies.
Business
NFL Suspends Cardinals Scouting Director Ryan Gold Indefinitely for Leaking Draft Info and Gambling
The NFL has suspended Arizona Cardinals personnel executive Ryan Gold indefinitely for violating the league’s gambling policy, the league announced Friday, citing an investigation that found Gold leaked confidential draft information and placed prohibited bets on NFL and college football games.
The league said its investigation determined that Gold, the Cardinals’ director of college scouting, provided confidential, nonpublic information regarding Arizona’s 2026 draft selections before the picks were officially announced. Investigators also found that Gold participated in parlay bets involving both NFL and college games. The NFL did not disclose who Gold shared the draft information with, and it remains unclear how the league first became aware of the violations.
In a statement announcing the suspension, the NFL emphasized the seriousness with which it treats any breach of its gambling policy, even when game integrity itself is not in question. “The Gambling Policy, which is annually reviewed with all NFL personnel, strictly prohibits anyone in the NFL from participating in or facilitating any form of sports gambling, and from providing third parties non-public information,” the league said. “Although there is no reason to believe the integrity of any NFL game was affected, the League takes any violation of the Gambling Policy with the utmost seriousness.”
The Cardinals organization issued its own statement following the announcement, expressing support for the league’s decision while emphasizing that the violation was isolated to a single employee. “The NFL’s policies and expectations for all employees are clear, comprehensive, and consistently communicated. We fully support the league’s decision in this matter, which involves a single employee. Our focus remains on preparing for the start of training camp next week and the 2026 season,” the team said.
Gold has spent 13 seasons with the Cardinals organization. He was promoted to director of college scouting in June 2025, after spending the previous three years, from 2022 to 2024, as assistant director of college scouting. Before that, he worked four seasons, from 2018 to 2021, as a college scouting coordinator. In his current role, Gold oversees a scouting department that includes four regional and pro scouts, six area scouts, and lead assistant director Alfonza Knight, who is also in his 13th season with the organization, according to reporting from The Mirror.
The timing of the suspension has drawn additional scrutiny given a notable moment from this year’s NFL Draft. The Cardinals surprised many draft analysts by selecting Notre Dame running back Jeremiyah Love with the No. 3 overall pick, passing over Ohio State defender Arvell Reese, who had been widely projected as a likely selection at that spot. According to reporting from The Mirror, footage that circulated after the draft appeared to show Love being named as the Cardinals’ pick prematurely during a rehearsal held ahead of the official broadcast, raising questions about whether that specific selection was connected to the information Gold is accused of leaking. Gold was also reportedly involved in the team’s process of selecting quarterback Carson Beck in the draft’s third round.
The NFL said its review of Gold’s conduct included interviews with relevant individuals and an examination of electronic records. The league further stated that the Cardinals organization fully cooperated with the investigation, and that there was no indication any other member of the team, including coaches or players, was aware of or involved in Gold’s activity. The league also said it found no evidence that any play or game outcome was affected by the violations.
Gold retains the right to appeal his suspension. He could not immediately be reached for comment following the league’s announcement Friday.
The NFL has maintained increasingly strict gambling policies in recent years as legalized sports betting has expanded across the country following a 2018 U.S. Supreme Court ruling that opened the door for states to authorize sports wagering. The league has invested significant resources into gambling education programs, reaching more than 20,000 people associated with the league across teams and front offices. Under the current policy, players are barred from placing any bet on NFL football, from attempting to fix or manipulate any aspect of an NFL game, and from sharing confidential, nonpublic information about any NFL game, player or event with third parties. Players are permitted to legally bet on other sports, provided they are off club property and not traveling with the team, and may also participate in traditional fantasy football leagues with prize pools capped at $250, or gamble legally at casinos during personal time.
League and club staff, including scouting and front-office personnel like Gold, are held to comparable restrictions barring participation in or facilitation of sports gambling and prohibiting the sharing of non-public information with outside parties. To help enforce those rules, the NFL partners directly with sportsbooks and data-analysis firms such as Genius Sports, which monitors real-time betting activity to flag suspicious patterns, including unusually high-volume wagers or unexpected shifts in betting lines that could indicate the misuse of inside information.
Gold’s suspension adds to a long history of gambling-related discipline within the league. At least 15 NFL players have been suspended for gambling violations since 1963, according to ESPN, with several cases occurring in recent years amid the broader expansion of legalized sports betting. The most recent player suspension prior to Gold’s case involved Isaiah Rodgers, who was suspended in June 2023 while with the Indianapolis Colts and was later reinstated in April 2024. Other notable cases in recent seasons have included multiple Detroit Lions players, including wide receiver Jameson Williams, as well as Tennessee Titans offensive tackle Nicholas Petit-Frere and former Atlanta Falcons wide receiver Calvin Ridley, each disciplined for violations ranging from betting on non-NFL games at team facilities to wagering directly on NFL contests.
Gold’s case marks a notable shift in that pattern, given his role as a front-office scouting executive rather than a player. The suspension comes just weeks before the Cardinals are set to open training camp ahead of the 2026 season, with the team saying its focus remains squarely on preparing for the upcoming year despite the disruption caused by the investigation into Gold’s conduct.
Business
Earnings call transcript: ICICI Bank posts strong Q1 2026 growth, shares slip after hours

Earnings call transcript: ICICI Bank posts strong Q1 2026 growth, shares slip after hours
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