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Iran says it has agreed Strait of Hormuz shipping route with Oman

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Vessels in the Strait of Hormuz, as seen from Musandam, Oman, August 3, 2026

Iran says it has reached an agreement with Oman on a route for shipping through the Strait of Hormuz.

Foreign ministry spokesman Esmaeil Baqaei did not give any further details on the agreement, which he said was “in the final stages”.

Baqaei warned however that a deal with Oman would not guarantee safe navigation through the strait on its own, arguing that security remains impacted by the US blockade of Iran’s ports. The US and Oman have not commented on the proposal.

Since the US and Israel attacked Iran in late February, Tehran has largely blocked the Strait of Hormuz through which about a fifth of the world’s oil and liquefied natural gas usually passes. Since then, global oil prices have fluctuated wildly.

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On Tuesday, US President Donald Trump warned that Iran would be “hit very hard” if the strait did not open “very soon”.

His comments came after senior US officials said talks had progressed to allow shipments to potentially to resume later this week, though Iran has maintained that it is not negotiating with the US and has no plans to do so.

Reopening of the strait has been a key point in discussions between the two countries and mediators.

In his statement, the Iranian foreign ministry spokesman said the “geographical coordinates of the route” had been agreed with Oman.

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“The factors making the Strait of Hormuz insecure still exist on the part of the United States, particularly the naval blockade and other aggressive and threatening actions against Iran and its interests,” he said, according to Iran’s official Irna news agency.

Iran’s Deputy Foreign Minister Kazem Gharibabadi later told Irna that the new route would be temporary and could stay open from two to four months. He did not give further details.

Since the beginning of the war, traffic through the strait has dwindled. Iran has said all passage needs to be cleared beforehand – and it has attacked vessels which have ignored the order.

One of the main points of disagreement between Tehran and Washington has been Iran’s threat to impose a fee on vessels wishing to cross the strait.

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On Wednesday, Iranian officials did not say if this issue formed part of the talks with Oman.

In June, Iran and the US signed a Memorandum of Understanding (MoU), aiming to stop fighting, reopen the Strait of Hormuz, and reach agreement to end the war within 60 days.

The deal quickly fell through, as did diplomatic talks, with tit-for-tat attacks resuming just days after the MoU was signed.

The US has maintained a naval blockade of Iranian ports in the region, while another blockade is in place on Saudi Arabia’s ports in the Red Sea, imposed by Yemen’s Iran-backed Houthis since 20 July.

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Thailand Update: Key Highlights in Economic Trends and Financial Policy

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Thailand News Digest: Key Stories and Developments

Economic Indicators and Financial Policy

Thailand’s economy shows signs of cautious stability, with the central bank confirming broadly steady growth in June. However, structural challenges persist: only 5 million filers pay income tax despite 21 million Thais remaining off the books, raising questions about tax base sustainability compared to Nordic countries’ compliance rates.

On a positive note, Thailand is moving closer to removal from the U.S. Treasury’s currency monitoring list, a development that could ease trade tensions and improve economic flexibility. The country also recorded a current account deficit of $3.5 billion, while automakers have cut 2026 output targets amid weakening export demand. Meanwhile, the “Thais Help Thais Plus” initiative has generated over 86 billion baht in economic circulation within just two months, demonstrating domestic stimulus effectiveness.

Regional Diplomacy and Border Tensions

Thailand has taken a firm stance in disputing claims made by a UN special rapporteur regarding the Cambodia conflict, with officials pushing back on the international body’s characterization of the situation. This diplomatic friction comes amid broader concerns about the Thailand-Cambodia border, where analysts argue that clearly defining boundaries is essential for achieving lasting peace between the two nations. Adding to regional complexities, Cambodian jobseekers have expressed fears over potential debt traps as Thailand reinforces border security measures, highlighting the human cost of geopolitical tensions.

The situation has also drawn attention to Thailand’s broader foreign policy positioning. Some analysts suggest that Donald Trump’s diplomatic approach is inadvertently pushing Thailand closer to China, while others argue the U.S. is missing a strategic opportunity in the region.

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Tourism and Infrastructure Development

Tourism remains a cornerstone of Thai economic strategy, with the government racing to launch three low-season travel schemes to boost visitor numbers year-round. According to a Thailand Business News report, the country has unveiled its 2027 Action Plan targeting high-value tourism growth, signaling a strategic shift toward premium travel experiences rather than volume-based tourism.

Complementing this push, Thailand is promoting the “Thailand Riviera” coastal drive and has launched 10 new hiking schools focused on responsible forest tourism. Bangkok has also announced plans for a $29 million pedestrian bridge connecting historic river districts, reflecting continued investment in urban infrastructure. Interestingly, some Australian travelers are reportedly shifting toward alternative Asian destinations, suggesting emerging competition in the regional tourism market.

Public Safety and Security Concerns

Thailand has faced several high-profile security incidents this period. A devastating fire at a Bangkok pub killed at least 27 people, marking one of the deadliest such incidents in recent memory. Separately, authorities confirmed that suspects have confessed to killing two Russian siblings who had disappeared in Thailand, with the case expanding to reveal confessions to additional murders. The key suspect who exposed this serial-murder network is now under witness protection.

In southern Thailand, a checkpoint attack claimed the lives of five soldiers, underscoring ongoing security challenges in the region. Additionally, a Malaysian national suspected of leading a human-trafficking ring was apprehended in Thailand after allegedly attempting to bribe officials with “coffee money.”

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Human Rights and Press Freedom

Thailand faces mounting scrutiny over its human rights record, particularly concerning online attacks against rights defenders, which Human Rights Watch has called on authorities to investigate. The country is also under pressure regarding the case of journalist Bai Zhaodong, with international organizations urging Thai authorities to halt his forcible return to China, citing fears of persecution.

Climate and Environmental Developments

Meteorologically, Thailand is bracing for significant weather events, with forecasts warning of a “Super El Niño” expected to arrive next year, alongside heavy rain and flash-flood warnings currently affecting multiple regions. While Typhoon Dolphin bypassed Thailand, it has intensified the ongoing monsoon trough, bringing additional rainfall across the upper regions of the country.

On a more academic note, paleontologists have identified a new giant dinosaur species in Thailand—a mamenchisaurid sauropod larger than a Diplodocus—discovered in the Lower Phu Kradung Formation, adding to the country’s scientific significance.

Sports and Cultural Milestones

Thailand’s sporting achievements have also made headlines, with the national volleyball team winning the SEA V Cup after defeating host nation Vietnam in straight sets. In football, Thailand has taken control of Group B in ASEAN Championship play, defeating Malaysia and creating a competitive dynamic that could impact Malaysia’s tournament prospects.

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Looking ahead, MotoGP has confirmed Thailand as the 2027 season opener for the third consecutive year, reinforcing the country’s status as a premier motorsport destination.

Technology and Innovation

Thailand is positioning itself as a regional technology hub, unveiling the “Siam Silica” plan to drive semiconductor manufacturing capacity. The country has also signed five agreements with China to develop future industries, while simultaneously leading regional peers in digital trust rankings—a notable achievement as digital economies expand across Southeast Asia.

Source : Google News – Search

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UFC 331 Adds Brian Ortega vs. Renato Moicano Rematch to Stacked September Fight Card Set for This Fall

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Brian Ortega, Alexander Volkanovski

A lightweight rematch nearly a decade in the making has been added to UFC 331, with Brian Ortega set to face Renato Moicano on Sept. 19 at Crypto.com Arena in Los Angeles, bringing renewed attention to a rivalry that dates back to one of the promotion’s most memorable fights of 2017.

MMA journalist Leo Guimaraes was first to report the booking, writing on social media that the Moicano-Ortega rematch was in advanced negotiations for the card. Multiple outlets have since confirmed the matchup is set, adding another marquee bout to an already stacked lineup that has been steadily taking shape over the past several weeks.

A Fight Nine Years in the Making

Ortega and Moicano first met at UFC 214 in July 2017, a bout that earned Fight of the Night honors and remains one of the more dramatic finishes of either fighter’s career. Moicano appeared to be winning on the scorecards through the early rounds before Ortega locked in a guillotine choke late in the third round, submitting the Brazilian and handing him the first loss of his professional career.

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Nearly a decade later, the two veterans will run it back, though the circumstances surrounding the rematch have shifted considerably. Their first meeting took place at featherweight, but September’s bout will be contested at lightweight, marking Ortega’s official move up to 155 pounds after years of struggling to make the featherweight limit.

A Difficult Road to the Rebooking

This will not be the first attempt at staging the rematch in 2026. The fight was originally planned for UFC 326 earlier in the year before Ortega withdrew for undisclosed reasons, pushing the matchup back until UFC officials were able to rebook it for September’s card in Los Angeles.

Ortega’s path to this rematch has been marked by significant difficulty in recent fight camps. He pulled out of a scheduled bout against Diego Lopes ahead of UFC 303 before the two eventually met months later at UFC 306. He then struggled to make weight ahead of a bout against Aljamain Sterling at UFC Shanghai, forcing that contest to be shifted to a catchweight affair. Ortega lost that fight decisively, getting outworked across five rounds, extending a stretch in which he has now dropped four of his last five outings. The repeated weight-cutting issues ultimately factored into the decision to move him up to lightweight on a permanent basis, a shift being framed less as an experiment and more as a practical reset for the 35-year-old former two-time featherweight title challenger.

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Moicano, meanwhile, enters the rematch in considerably stronger recent form. The 37-year-old, who moved up to lightweight permanently several years ago after spending his first eight UFC appearances at featherweight, snapped a two-fight losing skid in his most recent outing by submitting Scottish contender Chris Duncan in the main event of UFC Vegas 115. That performance has left Moicano positioned as a betting favorite heading into the September rematch, according to analysts who have pointed to his sharper recent form inside the Octagon compared to Ortega’s extended rough patch.

What’s at Stake for Both Fighters

For Ortega, a win in his lightweight debut would provide a ranked start in a new weight class following a rocky final stretch at featherweight, offering a potential career reset against a well-regarded opponent. For Moicano, the fight represents both an opportunity to protect his standing in the lightweight rankings and a chance to finally even the score in a rivalry that has sat unfinished since 2017.

A Growing Card in Los Angeles

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UFC 331 has continued to take shape as a heavily anticipated numbered event, with the Ortega-Moicano booking joining a rumored lightweight rematch between former interim champion Charles Oliveira and Arman Tsarukyan for the BMF title, widely expected to headline the card. Additional bouts reported for the lineup include Charles Jourdain against Marlon Vera, Ryan Gandra against Ozzy Diaz, Dooho Choi against Patricio Freire, and a women’s flyweight matchup between Eduarda Moura and Casey O’Neill.

As of the latest reports, the UFC had not yet formally announced an official main event or co-main event for the card, though the presence of multiple ranked and former title-challenging fighters across the lineup has already generated significant buzz among fans and analysts ahead of the September date.

A Familiar Venue for a Historic Rivalry

Crypto.com Arena, formerly known as Staples Center, has hosted numerous high-profile UFC events over the years and is set to once again serve as the backdrop for a fight carrying significant personal stakes for both competitors. The venue’s history with major UFC cards adds to the anticipation surrounding a bout that many fans have wanted to see rebooked since Ortega’s dramatic 2017 finish first launched the rivalry between the two veterans.

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With UFC 331 still roughly six weeks away, additional bouts are expected to be added to the card in the coming weeks as the promotion continues finalizing its lineup for the September event. For now, the confirmed pairing of Ortega and Moicano stands as one of the most compelling storylines on the developing card, offering fans a chance to see whether Moicano can finally settle the score against the man who handed him his first career loss, or whether Ortega can use the rivalry as a springboard to reestablish himself in a fresh weight class after a difficult stretch at 145 pounds.

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Bumble Inc. (BMBL) Q2 2026 Earnings Call Transcript

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

Operator

Hello, everyone. Thank you for joining us and welcome to Bumble’s Second Quarter 2026 Financial Results Conference Call. [Operator Instructions]

I will now hand the conference over to Will Taveras, Head of Investor Relations. Will, please go ahead.

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William Taveras
Head of Investor Relations

Thank you for joining us to discuss Bumble’s Second Quarter 2026 Financial Results. With me today are Bumble’s Founder and CEO, Whitney Wolfe Herd; and CFO, Kevin Cook.

Before we begin, I’d like to remind everyone that certain statements made on this call today are forward-looking statements. These forward-looking statements are subject to various risks and uncertainties and reflect our current expectations based on our beliefs, assumptions and information currently available to us.

Although we believe these expectations are reasonable, we undertake no obligation to revise any statement to reflect changes that occur after this call. Descriptions of factors and risks that could cause actual results to differ materially from these forward-looking statements are discussed in more detail in today’s earnings press release and our periodic filings with the SEC.

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During the call, we also refer to certain non-GAAP financial measures. These non-GAAP measures should be considered in addition to and not as a substitute for or in isolation from our GAAP results. Reconciliations to the most comparable GAAP measures are available in our earnings press release, which is available on the Investor Relations section of our website at ir.bumble.com.

With that, I will turn the call

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How McDonald’s Earnings Show the Turnaround Is Taking Hold

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How McDonald’s Earnings Show the Turnaround Is Taking Hold

How McDonald’s Earnings Show the Turnaround Is Taking Hold

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Shopify Stock Soars 17% After ‘Monster Quarter’ Beats Estimates on Every Major Metric This Week and Beyond

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Shopify Stock Soars 17% After 'Monster Quarter' Beats Estimates on

Shopify shares surged Wednesday after the Ottawa-based e-commerce software company delivered second-quarter results that beat Wall Street expectations across every major metric, along with a third-quarter outlook that comfortably outpaced analyst forecasts, sending the stock toward its highest levels of the year.

Shopify shares climbed as much as 33.8% in premarket trading before settling to a gain of 16.72% by the time markets opened, with the stock changing hands at $143.91. The rally marked one of the largest single-session moves in the company’s history and erased a substantial portion of the stock’s earlier year-to-date underperformance, which had left shares down roughly 23.4% through Tuesday’s close.

A Broad-Based Beat

Shopify reported second-quarter revenue of $3.58 billion, up 34% from the prior year and well ahead of the consensus estimate of approximately $3.45 billion compiled by Visible Alpha. Adjusted earnings came in at 42 cents per share, topping the 40-cent forecast by two cents. Gross merchandise volume, the total dollar value of transactions processed through Shopify’s platform, rose 32% year over year to $115.57 billion, also exceeding analyst expectations of $111.98 billion.

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Profitability metrics showed similar strength. Gross profit reached $1.71 billion, up 31% from the same period a year earlier, while free cash flow came in at $654 million, representing an 18% margin, up sharply from $422 million in the prior-year quarter. Chief Financial Officer Jeff Hoffmeister pointed to growth across merchant sizes, sales channels and geographies as central to the results, saying in a statement that the company is building a model defined by broad-based, consistent and compounding growth paired with financial discipline.

Guidance Clears a High Bar

Perhaps more significant than the second-quarter beat was Shopify’s outlook for the current quarter. The company projected third-quarter revenue growth at a low-thirties percentage rate, well ahead of Wall Street’s expectation of a roughly 26% to 27% increase. If achieved, that guidance would mark the sixth consecutive quarter in which Shopify’s revenue growth has exceeded 30%, a streak that has become a central pillar of the bullish case for the stock among analysts who follow the company closely.

Easing Fears Over AI Competition

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The scale of Wednesday’s rally reflected not just the strength of the quarter itself, but relief among investors who had grown increasingly concerned about competitive threats to Shopify’s business from artificial intelligence tools aimed at small businesses. Rothschild & Co Redburn downgraded Shopify stock to neutral in July, arguing that Meta Platforms’ expanding push into AI-powered commerce tools for small merchants could erode Shopify’s competitive advantage over time, a call that had weighed on sentiment heading into the earnings report.

Wednesday’s results appeared to substantially quiet those concerns, at least for now. Shopify’s own AI initiatives, including its Sidekick AI assistant, have drawn increasing attention from Wall Street analysts as a potential growth driver rather than a competitive threat. Morgan Stanley initiated coverage on Shopify last month with an Overweight rating and a $192 price target, citing the company’s e-commerce strength and what it described as a fast path to monetization through AI tools. Analysts at RBC Capital have separately argued that AI-built custom commerce tools are unlikely to fully replace established platforms like Shopify, countering fears that artificial intelligence could erode the company’s competitive moat. Stifel and Bank of America have both maintained Buy ratings with $150 price targets, pointing to Shopify’s positioning in what the firms describe as “agentic commerce,” AI-driven systems capable of handling more of the shopping journey automatically.

A Volatile Run-Up to Earnings

Wednesday’s surge capped an unusually volatile stretch for Shopify shares heading into the earnings report. The stock had swung from the mid-$120s down toward $112 over the prior several weeks before rebounding to close near $123 on Tuesday, a pattern that traders said reflected active dip-buying even amid uncertainty ahead of the results. In premarket trading following the earnings release, the stock briefly spiked from roughly $123 to above $160 before cooling off, an unusually wide intraday range that underscored just how sharply investor sentiment shifted once the numbers were released.

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A Premium Valuation Still in Place

Despite Wednesday’s rally, Shopify continues to trade at valuation multiples well above the broader market, with a price-to-earnings ratio above 110 and a price-to-sales ratio exceeding 12, reflecting the growth-stock premium investors have historically assigned to the company. That elevated valuation means the stock will likely remain sensitive to any signs that its growth trajectory is decelerating in future quarters, even as Wednesday’s results provided a strong reason for bulls to extend their thesis in the near term.

Resilient Consumer Spending Amid Global Uncertainty

Shopify’s strong results also arrived against a broader economic backdrop marked by geopolitical tensions and elevated gas prices tied to the ongoing conflict involving Iran, factors that have put pressure on household budgets in several of the company’s key markets. Despite those headwinds, consumer demand has remained resilient, supported by a strong labor market and continued wage growth, dynamics that appeared to translate directly into the strength of Shopify’s merchant sales volumes during the quarter.

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With Wednesday’s results delivering the company’s strongest single-day stock reaction in recent memory, attention now shifts to whether Shopify can sustain its accelerating growth trajectory into the back half of the year. Investors are likely to watch closely for further evidence that the company’s AI tools are translating into deeper merchant adoption and higher take rates, factors that analysts say will be central to determining whether Shopify’s premium valuation remains justified as competition in AI-driven commerce continues to intensify across the broader technology sector.

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Neel Kashkari argues Fed should hike rates to fight inflation soon

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Fed monitors Iran conflict impact on inflation as oil prices surge

Minneapolis Federal Reserve President Neel Kashkari on Wednesday outlined why he thinks the central bank should raise interest rates to curb persistent inflation and head off the need for more substantial monetary policy action at a later date.

Kashkari was one of the three Fed policymakers who dissented from the 9-3 decision to leave interest rates unchanged at last week’s monetary policy meeting and instead voted to raise the benchmark federal funds rate by 25-basis-points. The Fed has held rates steady all year.

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In an interview with CNBC’s “Squawk Box,” Kashkari noted the signs of strength across various components of the economy and said he doesn’t see signs that current interest rate levels are suppressing activity, which he views as allowing for a small hike.

“Corporate earnings are through the roof. They’re doing great. The consumer is hanging in there. The labor market is hanging in there,” he said. “I look at this constellation, and I say, ‘What evidence do I have that monetary policy is particularly restrictive right now?’ So, I argued now is the time to start slowly moving up as we get more data in.

FED DISSENTERS WARN INFLATION COULD BECOME ENTRENCHED WITHOUT MONETARY POLICY TIGHTENING NOW

Neel Kashkari during an interview.

Minneapolis Federal Reserve President Neel Kashkari said he doesn’t see policy as restricting economic activity and is concerned about stubbornly high inflation. (John Lamparski/Getty Images)

“I’m not calling for a dramatic increase in interest rates,” Kashkari explained. “I’m simply saying I don’t see evidence of monetary policy [being] marginally restrictive right now, and I think we have more work to do to get inflation back down.

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“I would rather get going now in small steps than wait till later, then we have a really entrenched inflation problem, and we have to raise rates aggressively,” he added.

Kashkari also said Federal Reserve Chair Kevin Warsh, who was leading his second meeting as central bank chairman, didn’t pressure him over his vote and told him, “‘Do what you think is the right thing to do for the economy,’” which the Minneapolis Fed president appreciated.

FED POLICYMAKERS LEAVE RATES UNCHANGED AMID ELEVATED UNCERTAINTY

Fed Chair Kevin Warsh speaks at a press conference

Fed Chair Kevin Warsh was part of the 9-3 majority that voted to leave interest rates unchanged last week. (Al Drago/Bloomberg via Getty Images)

Kashkari and the two other dissenters — Dallas Fed President Lorie Logan and Cleveland Fed President Beth Hammack — each outlined their rationale for voting in favor of higher interest rates in statements released Friday.

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All cited concerns about inflation persisting well above the central bank’s 2% target and the challenges policymakers would face if it becomes entrenched and cost pressures impact larger portions of the economy over time.

Both of the closely watched inflation metrics showed the pace of price growth sitting above 3% in June, with the consumer price index (CPI) at 3.5% from a year ago and the personal consumption expenditures (PCE) index at 3.7%.

FED’S FAVORED INFLATION GAUGE SHOWED PRICES PULLED BACK IN JUNE

A man is seen pumping gas into his truck at a fuel station.

Higher energy prices have contributed to the elevated inflation since the Iran war began. (M. Scott Brauer/Bloomberg via Getty Images)

Fresh data from July will be released later this month, with CPI data slated for release next week and PCE data at the end of the month, which will help inform how policymakers approach their next decision point.

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The next meeting of the Federal Open Market Committee (FOMC), the Fed panel responsible for monetary policy moves, is scheduled for Sept. 15-16.

The market narrowly sees a rate hike as the most likely outcome, with the CME FedWatch tool reflecting a 54.9% chance of a 25-basis-point hike and a 45.1% probability of rates remaining at their current target range of 3.5% to 3.75%.

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US stocks: Dow closes at record on Mideast optimism; SpaceX, AMD drag Nasdaq

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US stocks: Dow closes at record on Mideast optimism; SpaceX, AMD drag Nasdaq
The Dow closed at a record on Wednesday on signs of progress for a peace deal with Iran, while the Nasdaq saw its first decline in five sessions as SpaceX and AMD stumbled following their quarterly earnings. A proposed deal between Iran and Oman would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters, in one of the ‌biggest concessions yet ⁠to Iran.

Stocks ⁠rallied to start the week, with the Dow and S&P 500 closing at records on Tuesday, as oil prices and U.S. Treasury yields dropped on hopes peace talks could lead to a deal, easing inflation pressures and lowering expectations for a rate hike from the Federal Reserve.

“It’s just a straight rocket shot that we’ve gone up, we didn’t ​even take a breath,” said Kenny Polcari, chief market strategist at Slatestone Wealth in Jupiter, Florida.

“It’s progress, but the market’s just going, we’re not going to give it to you this time until we actually see the progress, because how many times have we been jerked around over ​the last four months?”

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According to preliminary data, the S&P 500 lost 13.33 points, or 0.17%, to ⁠end at 7,723.19 ‌points, while the Nasdaq Composite lost 225.32 points, or 0.85%, to 26,359.67. The Dow Jones Industrial Average rose 264.04 points, ​or 0.49%, to 54,349.92.


SPACEX ​SHARES TUMBLE ON AI SPENDING CONCERNS
Elon Musk-led SpaceX’s revenue nearly doubled and operating losses narrowed in its first ⁠earnings report since going public, fueled by its booming Starlink satellite communications and AI businesses, but ​shares tumbled on concerns about how long the company could maintain spending on AI-related investments such as ​data centers. Shares could face additional pressure from the expiry of the stock’s post-IPO lock-up period starting on Thursday.Advanced Micro Devices forecast quarterly revenue above estimates, reflecting strong AI demand. However, shares dropped as investors look for greater evidence the massive AI spending will result in faster growth. A gain in Amgen helped buoy the Dow, as second-quarter sales for the drugmaker rose 9%. Rival Eli Lilly also advanced after raising its full-year revenue forecast and the S&P 500 healthcare closed as one of the best-performing sectors on the session. Also helping to boost the Dow was a rise in Disney shares ‌after beating third-quarter profit expectations.

ADP PRIVATE PAYROLLS GROWTH SLOWS

On the data front, U.S. private payrolls growth slowed in July, as per the ADP national employment report. The data was the second in a string of reports on the labor ​market this week before ​Friday’s government payrolls report. Separately, the Institute for ⁠Supply Management said its nonmanufacturing purchasing managers index inched up to 54.1 last month from 54.0 in June, below the 54.5 estimate of economists polled by Reuters but above the 50 threshold that signals growth.

Data has largely reflected a stable labor market, but the war with Iran that began at the end of February has kept concerns about price pressures and the Fed’s response to it as a primary concern among investors. Minneapolis Fed President Neel Kashkari said in an interview with CNBC that he believed now is the time to start slowly moving interest rates higher. Federal Reserve Board Governor Lisa Cook and San Francisco Fed President Mary Daly are scheduled to speak later in the day. Expectations for a rate hike from the central bank at its September meeting have dipped to 54.9%, according to CME FedWatch, down from 58.3% a week ago.

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NCR Voyix Corporation (VYX) Q2 2026 Earnings Call Transcript

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

Operator

Thank you for standing by. My name is Carly, and I will be your conference operator today. At this time, I would like to welcome everyone to the NCR Voyix Corporation Second Quarter 2026 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Sarah Jane Schneider, Vice President of Investor Relations. Please go ahead.

Sarah Jane Schneider

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Good morning, and thank you for joining our second quarter 2026 earnings conference call. This morning, we issued our earnings release reporting financials for the quarter ended June 30, 2026. A copy of the earnings release that we will reference during this call is available on the Investor Relations section of our website, which can be found at www.ncrvoyix.com and have been filed with the SEC.

With me on the call today are Jim Kelly, our Chief Executive Officer; Nick East, our Chief Product Officer; Darren Wilson, President, Retail and Payments; Benny Tadele, President, Restaurants; and Brian Webb-Walsh, our Chief Financial Officer. This call is being recorded, and the webcast is available on the Investor Relations section of our website. Before we begin, please be advised that remarks today will contain forward-looking statements.

These forward-looking statements are subject to

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How UK SMEs Cut Prototyping Waste by 25% via Sheet Metal DFM for Complex OEM Components

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How UK SMEs Cut Prototyping Waste by 25% via Sheet Metal DFM for Complex OEM Components

Most of the manufacturing firms in the United Kingdom have been experiencing continuous overspending and delayed deliveries due to the process of developing prototypes into large scale manufacturing. In many instances, complicated geometries lead to material waste above 30%.

The problem originates from inadequate engineering design for manufacturability at an early stage of designing the product. This is caused by the traditional approach in which there is no connection between the engineering drawing and the process on the floor, which creates a loop of reworking. Using optimized sheet metal DFM with precision techniques would solve the problem of tooling resets and material savings.

Why Do Unoptimized Sheet Metal Designs Cause Budget Overruns for OEM Component Manufacturing?

Suboptimal designs lead to cost escalation throughout OEM component manufacturing processes. There are three design flaws that compel manufacturers to process parts through slow techniques and expensive equipment: excessive tolerances, improper bend radii, and positioning holes too close to bend lines.

Excessive Tolerances Drive Scrap Rates Above 35%

The analysis of engineering data reveals that excessive tolerances on non-critical features lead to scrap levels up to 38%. Every scrapped part wastes material, manufacturing time, and labor resources without any monetary gain. In case of complex sheet metal components, these losses can easily accumulate across many manufacturing batches.

Improper Bend Radii Increase Tooling Changeovers

Non-standard bend radii call for special setup of tooling that takes additional 20-30 minutes each time it changes. According to The royal academy of engineering – UK manufacturing reports, about 30% of costs related to manufacturing supply chain come from design mistakes identified through the process of DFM analysis. Sheet metal fabrication cost reduction process starts with setting standards for radius that fits the available tooling libraries.

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What Are the Most Critical Sheet Metal DFM Guidelines for Engineering Teams?

Knowledge of basic sheet metal DFM guidelines helps to identify the risks connected with manufacturing process at the stage of engineering. There are four key factors that need special consideration: K-factor constancy, wall thickness homogeneity, relief cut position and distance between holes and bends.

K-Factor and Wall Thickness Control Bending Accuracy

The practice of ensuring consistent values for K-factors in all bends eliminates dimensional distortion in multi-bend assemblies. Consistency of wall thickness reduces stress concentrations leading to cracking when forming. This constitutes the basis for design for manufacturability implementation.

Relief Cuts and Hole Spacing Prevent Tearing

Proper relief cuts avoid material tear formation at the intersection of the bends, while proper hole spacing ensures no distortion of features. In cases where engineers encounter complicated and irregularly shaped components, taking advantage of professional sheet metal DFM services becomes a way of precisely determining possible failure modes before the drawings are finalized. It forms the basis for holistic sheet metal design optimization, which converts ideas to reality.

How Can Precision Sheet Metal Fabrication Services Reduce Material Waste and Lead Time?

Precision sheet metal fabrication services take advantage of modern technology to significantly reduce waste and fasten lead time. CNC laser cutting in combination with automated bending cells results in tolerance of ±0.05mm.

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  • Nesting Algorithms Drive Material Utilization to 92%: The nesting algorithms that are optimized in precision sheet metal fabrication ensure an increase in material utilization from a standard 68% to more than 91%. If you opt for fabrication of the parts using stainless steel fabrication services, the material cost is lowered as well as reduced environmental effects.
  • Automated Bending Process Avoids Human-Driven Errors: Digital twin simulation technology ensures verification of bending processes prior to any cutting of metal. Monitoring of the process ensures detection of any deviation from the normal operation without any interference in real time and prevents scrap production. Use of this technology saves 40% in lead times than conventional methods.

How Do Aerospace and Automotive Quality Certifications Ensure Zero-Defect OEM Production?

Quality certifications provide the guidelines under which manufacturing excellence can be achieved consistently. Systems such as ISO 9001, ISO 14001, IATF 16949, and AS9100d certified manufacturing use strict documentation, process control, and continuous improvement systems.

Certification Mandates Full Material Traceability

Certification must be made for every material, from inspection to final delivery. Provenance is always documented in every lot, and every process is documented in terms of key parameters. This makes the SME manufacturing best practices possible at a large-scale level.

Quadruple Certification Prevents Batch Defects

For example, LS Manufacturing, an internationally renowned high-precision parts supplier, has obtained full quadruple certifications on their quality management system in compliance with ISO 9001, ISO 14001, IATF 16949, and AS9100D standards. This shows how standardization of quality management helps to prevent batch errors and ensure defect-free OEM production. In accordance with ISO quality management standards, successful quality management in manufacturing supply chains is characterized by documented processes, auditing, and corrective action systems.

Where Should Procurement Managers Source Scalable Custom Sheet Metal Fabrication?

Procurement managers considering custom sheet metal fabrication suppliers should consider their entire supply chain capabilities rather than focusing on simple pricing alone. The key factors of consideration include the flexibility in production capacity, FAIR and Total Cost of Ownership (TCO).

  1. FAIR and TCO Analysis Reveal Hidden Costs: Complete FAIR analysis will check the dimensions of the first piece according to the engineering specification provided. In calculating the TCO, tooling cost, logistical cost, quality control cost and possible rework cost need to be considered. These will help make better decisions regarding industrial product design optimisation.
  2. Strategic Alliances Ensure Seamless Scaling Up: Companies needing extensive engineering validation and batch manufacturing require forging strategic alliances with experienced custom sheet metal parts factories. This will enable them to scale up from verification of prototypes to mass production. It will provide them with access to precision metal prototyping.

Conclusion

The DFM team at LS Manufacturing assists international medical, automotive, and aerospace industries to manufacture component parts efficiently and effectively. Being ISO 9001, ISO 14001, IATF 16949, and AS9100D certified, the DFM team guarantees defect-free production and scalability. The readers can now download the Precision Component DFM Design Self-Check Guide & Professional Evaluation Service.

FAQs

Q1: What is the primary role of DFM in sheet metal fabrication?

DFM detects possible manufacturing errors at the initial stage of engineering. With the help of change in bend radius, hole spacing, and tolerances, DFM significantly decreases production scrap, minimizes tooling expenses, and increases speed to market. For instance, fixing an undersized relief cut helps avoid frequent scrapping of many parts.

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Q2: Why are standard bend radii crucial for reducing metal fabrication costs?

Standard bend radii make it possible to avoid high-cost customized tools and minimize setup time. They provide uniform stress distribution within sheet metal parts and avoid material cracking. Besides, standardization of bend radii helps to simplify inventory management and quotation process.

Q3: How does ISO and AS9100D certification impact sheet metal component quality?

Certifications assure that quality control measures, traceability, and accuracy are assured in all processes. The products conform to very high specifications demanded by the aerospace industry, automotive industry, and medical field. These companies undergo regular audits, and hence procurement officials can rest assured of a constant output.

Q4: What stainless steel grades are best suited for complex OEM parts?

There are austenitic stainless steel grades such as 304 and 316 that have high resistance to corrosion and formability. For high strength requirements, there is a preference for 17-4 PH grade because of its suitability in precision engineering. Proper selection of a suitable grade in relation to the application prevents product failure.

Q5: How can early DFM analysis shorten precision metal prototyping cycles?

DFM analysis identifies the mistakes in design prior to cutting of the materials. Early identification of geometrical problems results in reduction of iterations in physical prototypes by up to 25%. It also helps in reducing engineering changes that would be issued during production ramp-up.

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Author Bio

Gloria’s LS Manufacturing team is here to assist global medical, automotive and aerospace customers with solving their manufacturing problems. The team provides zero-defect production and scalability thanks to being ISO 9001, ISO 14001, IATF 16949 and AS9100D certified company. Get a free consultation on DFM now!

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