Business
Omnicom: A Cheap Market Leader With Growth, Synergies, And Buybacks (NYSE:OMC)
I have a strong interest in fundamental equity research, with a focus on companies with smaller market capitalizations. I look for underfollowed or misunderstood businesses with solid fundamentals, attractive long-term potential, and valuations that may not fully reflect their prospects.My approach emphasizes business quality, financial performance, management, capital allocation, valuation, and downside risk. I write on Seeking Alpha to share independent investment ideas, refine my research, and engage with other investors.Closely associated with Rafael Binatti Costa.
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) Jersey Police Officer Disguised as a Shrub Nabs 74 Distracted Drivers in Six-Hour Crackdown Wednesday
A police department outside New York City used an unusual tactic to catch distracted drivers this week, deploying an officer disguised as a shrub, complete with a pair of binoculars, to spot motorists using their phones behind the wheel.
The Dunellen Police Department in Middlesex County, New Jersey, stationed the disguised officer along North Washington Avenue on Wednesday as part of a six-hour enforcement operation targeting drivers in violation of the state’s handheld cellphone law. The officer wore a ghillie suit, a camouflage outfit typically associated with military and hunting use that is designed to closely mimic surrounding foliage, allowing the officer to blend into the roadside landscape while observing passing traffic.
Police chose the location specifically because it is a heavily trafficked, pedestrian-heavy corridor in the borough’s downtown area, according to Patch. From the concealed vantage point, the disguised officer used binoculars to identify drivers using handheld devices and radioed those observations to other officers stationed nearby, who then pulled over the identified vehicles. By the end of the six-hour operation, police had issued 74 citations to drivers found to be distracted by their phones or other devices.
The Dunellen Police Department detailed the results of the operation in a social media post following the crackdown. “The results? Our ‘shrub’ was busy. We issued 74 citations to drivers distracted by their devices in a six-hour window,” the department wrote. “Let this be a reminder: That text or notification can wait. Keep your eyes on the road, not your screen!”
Det. Sgt. Nicholas Goldman, addressing the department’s decision to publicize the operation with a lighthearted tone, explained the intent behind sharing photos of the disguised officer online. “Did you spot our ‘shrub’ today? If you had your head buried in your phone, probably not,” the department wrote in an earlier post announcing the operation. “To address the elephant, or shrub, in the room, our officer didn’t wear a ghillie suit during the entire enforcement detail.” Goldman told CBS News New York the photo was intended as a creative way to draw public attention to the department’s broader safety efforts on social media. In a separate photo shared by the department, another officer who participated in the crackdown wore a T-shirt printed with the message “not a cop.”
New Jersey’s handheld cellphone law prohibits drivers from using a mobile phone or similar device without hands-free technology while operating a vehicle. First-time offenders under the law face fines ranging from $200 to $400, according to Newser’s reporting on the operation, with penalties generally increasing for repeat violations.
The Dunellen operation drew widespread attention online after ABC News shared footage and details of the enforcement effort, helping the story spread rapidly across social media and other news outlets covering unconventional police tactics. The department’s approach generated a mixed public reaction, with some commenters online praising the creative enforcement method as an effective way to catch distracted drivers who might otherwise never suspect a roadside “shrub” was actually a police officer, while other commenters raised broader questions about the use of undercover or disguised tactics for traffic enforcement more generally, with some suggesting police resources might be better directed toward other public safety priorities.
Disguised or camouflaged enforcement tactics for traffic violations are not entirely unprecedented among U.S. police departments, though the specific use of a full ghillie suit to blend into roadside foliage represents a particularly elaborate version of the concept. Law enforcement agencies in various jurisdictions have periodically used unconventional, publicity-generating tactics, including disguises and unmarked observation posts, specifically to draw broader media and public attention to ongoing traffic safety campaigns, reasoning that the resulting news coverage and social media discussion can extend the deterrent effect of an enforcement operation well beyond the drivers who were directly cited during the crackdown itself.
Distracted driving remains a significant traffic safety concern nationally, with handheld device use behind the wheel cited as a contributing factor in a substantial share of vehicle crashes and traffic fatalities each year. States including New Jersey have continued to strengthen and actively enforce handheld device laws in recent years as part of broader efforts to reduce distraction-related crashes, with departments like Dunellen’s periodically conducting high-visibility enforcement campaigns intended both to issue citations and to reinforce public awareness of the risks associated with phone use while driving.
With Wednesday’s operation now concluded and its results widely publicized, the Dunellen Police Department’s disguised enforcement effort is likely to be remembered as one of the more unconventional distracted-driving crackdowns conducted by a U.S. police department in recent memory, even as officials emphasized that the underlying goal remained squarely focused on reducing dangerous, phone-related driving behavior along one of the borough’s busiest downtown corridors.
Business
Amazon Bundles Free $350 Gift Card With Samsung Galaxy Z Fold 8 Pre-Orders Ahead of Early August Launch
Amazon is offering a free $350 gift card to customers who pre-order Samsung’s new Galaxy Z Fold 8 smartphone, adding to a wave of retail promotions tied to the foldable device’s recent unveiling as it heads toward general availability in early August.
Under the current offer, customers who pre-order the 256GB, unlocked version of the Galaxy Z Fold 8 through Amazon pay the phone’s full retail price of $1,899.99 and receive a $350 Amazon gift card bundled with the purchase, with no trade-in or discount code required. The gift card is not delivered instantly; customers will receive an email notifying them once the credit becomes available, a process that occurs after the phone ships. The offer is scheduled to run through Aug. 6, meaning customers who pre-order sooner secure the bonus before the promotional window closes.
The promotion follows Samsung’s Galaxy Unpacked event, held July 22, where the company unveiled a broad slate of new hardware in a single announcement, including the Galaxy Z Fold 8, the Galaxy Z Fold 8 Ultra, the Galaxy Z Flip 8, new Galaxy Watch models and the company’s first Galaxy Glasses product. With that much new hardware introduced simultaneously, comparing available deals across the various devices and retailers has required some additional research for shoppers looking to find the most favorable offer for their specific device of interest.
The Galaxy Z Fold 8 itself represents a notable design shift for Samsung’s foldable lineup. When unfolded, the device functions as a compact tablet, offering an immersive viewing experience for movies, reading and other media consumption. Samsung has described the Z Fold 8 as the lightest foldable phone the company has produced to date, aiming to reduce the bulk that has historically been associated with book-style foldable devices. When folded closed, the phone functions similarly to a conventional smartphone for everyday tasks such as texting and general use. Samsung has also positioned the Z Fold 8’s display as the brightest screen featured on any Galaxy phone to date, a specification intended to improve visibility and reduce glare when the device is used outdoors in direct sunlight.
On the design front, Samsung has emphasized that the Galaxy Z Fold 8 features a wider profile, a smoother hinge mechanism and a display crease that the company says is now nearly imperceptible, addressing a long-standing point of criticism directed at foldable phones generally since the category’s introduction. The device’s camera system includes a 50-megapixel dual camera setup paired directly with the device’s display, allowing users to preview and review their shots clearly both before and after capturing an image. For video capture, the phone includes a feature called Super Steady Video with Horizontal Lock, designed to keep footage visually level even when the device is being used to film fast-moving or chaotic scenes.
Amazon’s current gift card bundle is not the only promotional offer available for shoppers interested in the Galaxy Z Fold 8. Other retailers have introduced their own competing incentives tied to the device’s launch. AT&T has offered a path for eligible customers to receive the Galaxy Z Fold 8 at no cost through a combination of trade-in credits and carrier promotions, according to related coverage from Mashable, while T-Mobile has separately offered its own version of a free Galaxy Z Fold 8 promotion tied to specific plan and trade-in requirements. Samsung has extended similar gift card and trade-in promotions across other newly announced devices from the same Unpacked event, including a $200 Amazon gift card bundled with pre-orders of the Galaxy Z Flip 8, a $100 gift card tied to pre-orders of the Galaxy Watch Ultra 2, and a $50 gift card offered alongside pre-orders of the standard Galaxy Watch 9.
The scale and variety of these launch-window promotions reflects the broader competitive dynamics shaping the premium smartphone and wearable market this year, as manufacturers and retailers alike compete aggressively for consumer spending during the critical early sales window following a major product announcement. Given the substantial retail price of premium foldable devices like the Galaxy Z Fold 8, promotional incentives such as bundled gift cards, trade-in credits and carrier-specific discounts have become an increasingly significant factor in how consumers evaluate where to make their purchase, often determining which specific retailer or carrier a given shopper ultimately chooses even when the underlying device itself remains identical across those different sales channels.
With the current Amazon gift card promotion set to expire Aug. 6 and the Galaxy Z Fold 8 approaching its broader general availability date in early August, shoppers interested in taking advantage of the current offer have a limited window to place a qualifying pre-order before the terms of the deal potentially change or the promotion is discontinued entirely, consistent with the way similar launch-window smartphone promotions have historically been structured by major retailers.
Business
Stephen Curry “Absolutely” Open to Sacrificing $40 Million on His New Warriors Contract, Sources Say
Stephen Curry is open to signing a below-max contract extension with the Golden State Warriors, according to people around the NBA, a decision that could sacrifice as much as $40 million but potentially give the franchise added financial flexibility to build around him as he closes out his career.
Curry, 38, is in the final season of his current Warriors contract, set to earn $65 million for the 2026-27 season. He is eligible to become a free agent in 2027, or he can sign a contract extension as soon as next month worth as much as $137 million over two seasons, the maximum allowed under the league’s current rules.
Speculation has centered on whether Curry will follow the approach recently taken by San Antonio Spurs star Victor Wembanyama, who signed an extension earlier this month for 25% of the salary cap rather than the full 30% he was eligible to receive, a decision that cost him roughly $50 million relative to the maximum available deal. A Western Conference executive, speaking about the possibility that Curry could take a similar approach, expressed confidence that Curry would seriously weigh a below-max deal. “I think you absolutely will see Stephen Curry negotiate on that, but he is a smart guy,” the executive said. “He’ll want to know the options and the plan.”
Any decision by Curry to leave money on the table would carry broader implications beyond his own contract. The National Basketball Players Association has generally opposed players accepting less than their maximum eligible salary, viewing such decisions as potentially undermining broader collective bargaining leverage across the league. Curry has never served as an especially outspoken voice within the union, but has consistently maintained a respectful relationship with the NBPA throughout his career, a dynamic that could factor into how he ultimately approaches the decision.
Despite that broader union dynamic, Curry is described as motivated primarily by wanting to help the Warriors finish out his career competitively, and is said to be open to taking less than the maximum contract if doing so would meaningfully help the team build a stronger roster around him. Golden State currently has the ability to create significant salary cap room next summer, a flexibility that would be enhanced further if Curry accepts a below-max extension now.
Several variables remain unresolved that could shape how the situation ultimately plays out. Chief among them is the health and performance outlook for forward Jimmy Butler, whose potential return to form next season, and any decision by the Warriors about re-signing him and at what price, would factor directly into how the team could use any additional cap flexibility gained from a Curry sacrifice. The composition of the broader trade and free agent markets in the coming year would also shape whether giving up guaranteed money would actually translate into a meaningful roster upgrade for Golden State. According to people familiar with the situation, it would make little sense for Curry to give up money if the Warriors lack realistic star-level targets to pursue with the resulting cap space, meaning any final decision is likely to depend heavily on how those other roster questions resolve themselves over the coming months.
One prominent agent, discussing the balance Curry faces in weighing a below-max deal, pointed to Kobe Bryant’s final contract as a cautionary example rather than a model to follow. Bryant signed for the full maximum salary during his final two NBA seasons, earning $49 million total, while playing for Lakers teams that combined to win just 38 games over those two years, from 2014 to 2016. “I do think it is a balance for someone like Steph because you want to do right by your fellow players but you don’t want to go out like Kobe did,” the agent said. “There’s a middle ground.”
According to people familiar with the situation, that middle ground is likely to resemble the approach Wembanyama recently took in San Antonio: accepting roughly 25% of the salary cap rather than the full maximum. For Curry specifically, that structure would translate into a two-year deal worth approximately $90 million, a discount that would free up an additional $20 million in cap flexibility for the Warriors heading into next summer’s roster-building efforts.
Curry’s broader legacy with the Warriors organization has long been tied to the franchise’s transformation from decades of dysfunction into one of the NBA’s most successful franchises. Golden State spent 35 years struggling across every level of the organization, from players and coaches to the front office and ownership, before Curry fell to the team in the 2009 NBA draft. Early in his career, ankle injuries suffered just before he became extension-eligible on his rookie contract led him to sign for just $44 million over four years, a below-market deal at the time relative to several of his contemporaries, before his career blossomed into one of the most transformative individual runs the sport has seen, built substantially around his revolutionary impact on long-range shooting.
With Curry now eligible to negotiate a new extension as soon as next month, the Warriors organization faces a consequential decision point over how to balance loyalty to its longtime franchise player with the roster flexibility needed to compete effectively during what both Curry and the team clearly view as the closing chapter of his playing career.
Business
Traders bet on calendar spread as Nifty moves in a tight range
“There is scope for money to be made by selling current month vols (implied volatility) and buying September vols,” said Girish Patil, manager-derivatives, Antique Stockbroking. In this spread strategy, traders use the premium they receive by selling the current series to part-finance the cost of buying options in the next month. “With only a few more days for the August series expiry, vols are unlikely to jump in this series,” Patil said.
Futures and options contracts for the August series will expire on 26th while the September series will expire on 30th next month.
Options sellers, who pocket the premium from the buyer, prefer fewer trading days in a trading month because of time value — another key aspect of options pricing. Time value of options decays closer to expiry of contracts, resulting in limited movements in options prices.
Selling Nifty 5500 calls options in the August series and buying the same contract in the September series is a good strategy in this kind of a market, said Shailesh Kadam, AVP-derivatives, PINC Research.
“This strategy bets that the Nifty will be range-bound and will not move above 5500 in the August series, while the undertone is positive next month,” Kadam said.
In the past one month, the Nifty has largely moved in a tight band between 5350 and 5450, resulting in the volatility index — a measure of traders’ expectations of near-term risks in the market — moving in the 15-20% band, the lowest range since January 2008. This indicates traders are comfortable about the market levels in the near-term.
Brokers said that options traders have struggled to make money, of late, in the absence of sharp index movements. “Vol buyers (buyers of options) have lost their money, while sellers don’t have the courage to sell vols at such low levels,” said the head of derivatives at an institutional broking house. “So, unless there is a sharp move, calendar spread appears to be the best strategy,” he said.
Business
SBI shares on gaining spree; hit record high
In the past two days, the scrip recorded a gain of over 9 per cent on the BSE, making its investors richer by a whopping Rs 15,000 crore.
Business
AXA SA 2026 Q2 – Results – Earnings Call Presentation (NEOE:AXA:CA) 2026-08-01
Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
Business
Krabi Tops Thailand for Staycation Booking Growth on Traveloka
Krabi Province saw a significant rise in staycation bookings on Traveloka, doubling compared to last year. This growth highlights traveler confidence and showcases Krabi’s appeal for short getaways, enhanced by coordinated efforts for improved tourism standards and safety.
Key Points
- Krabi Province saw a significant rise in staycation accommodation bookings on Traveloka, more than doubling from last year, indicating strong traveler confidence in the region’s appeal as a destination for short getaways.
- The area’s popularity is attributed to its stunning beaches, islands, natural attractions, quality accommodations, and unique dining options, attracting travelers who desire relaxation, exploration, and wellness experiences.
- Governor Angkoon Silathewakul acknowledged the collaborative efforts of government, private sectors, and local communities in enhancing service standards and safety, reinforcing Krabi’s commitment to high-quality, sustainable tourism experiences.
Krabi Province recorded Thailand’s highest growth in staycation accommodation bookings on Traveloka, with bookings more than doubling compared to the same period last year. This increase demonstrates strong traveler confidence in Krabi as a leading destination for short-term getaways.
The booking data confirms Krabi’s ongoing popularity, supported by its renowned beaches, islands, natural attractions, quality accommodations, and distinctive dining options. These features appeal to travelers seeking experiences that combine relaxation, exploration, and wellness.
Krabi Governor Angkoon Silathewakul credited this growth to the joint efforts of government agencies, the private sector, tourism operators, and local communities. He noted that these groups have consistently worked to raise service standards, enhance public facilities, and promote tourism activities.
The governor emphasized the administration’s commitment to visitor safety, maintaining tourist site quality, and ensuring convenient travel. He highlighted that Krabi offers both natural beauty and a safe, welcoming environment for all visitors. Authorities remain dedicated to enhancing local tourism to provide memorable and secure experiences.
The increase in staycation travel reflects a shift in traveler preferences toward short two- to three-day trips for relaxation. This trend strengthens Krabi’s position as a leading destination for experiential travel in Thailand and supports its goal of becoming a sustainable, high-quality tourism hub.
Source : Krabi Leads Thailand in Staycation Booking Growth on Traveloka
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Business
Seatrium Limited (SMBMY) Q2 2026 Earnings Call Transcript
Amelia Lee
Head of Investor Relations & Corporate Communications
Good morning, everyone. Thank you for joining us at Seatrium’s First Half 2026 Results Briefing. My name is Amelia, and I take care of Investor Relations for Seatrium. This morning, we have with us our CEO, Mr. Chris Ong; our CFO, Dr. Stephen Liu.
Chris and Stephen will bring us through a short presentation before we open the floor to questions. Chris, please?
Leng Yeow Ong
CEO & Executive Director
Thank you, Amelia. Good morning, and thank you for joining us today for Seatrium’s First Half 2026 Results Briefing. Today’s results center on 3 key themes. First, despite macroeconomic uncertainties, we continue to deliver strong progress. While revenue maintained healthy momentum, our primary focus is driving margin efficiencies. Our cost optimization and divestments are delivering real sustainable benefits.
Second, we remain well positioned to capture opportunities from a global pipeline of over $32 billion. Although the market was relatively quiet in the first half, we are actively engaged across all major energy markets and expect FID momentum to accelerate in the coming quarters. Our net order book remains healthy at $13.3 billion, providing clear near-term earning visibility with a higher quality project mix.
Third, we are shifting from recovery to value creation. This means growing earnings, generating cash and building resilience by scaling our series built and adjacent services
Business
Second Ransom Note in Nancy Guthrie Case Claims Her Death Shortly After Abduction, Remains Unverified

A second ransom note connected to the disappearance of Nancy Guthrie, the 84-year-old mother of “Today” show co-anchor Savannah Guthrie, claims that Guthrie died shortly after being abducted from her Tucson, Arizona, home in early February, though authorities say they have not been able to verify that claim and continue to treat the case as an active missing-person investigation.
The message, dated Feb. 6, states that Guthrie “perished shortly after she was taken” and says she is “buried in nature.” The note’s author apologizes to the Guthrie family, describing her death as unintentional and attributing it to a “heart related” cause. The note continues, “We did not fully grasp the seriousness of her physical condition. We never intended to hurt her, that was not our intention. She perished shortly after she was taken. We believe it was heart related.” It concludes, “Nothing you could have done could have changed the outcome,” followed by an apology to the family.
Guthrie was last seen on the evening of Jan. 31 at her home in Tucson’s Catalina Foothills neighborhood. Family members reported her missing the following day after she failed to attend church, prompting an investigation that authorities have consistently treated as a suspected abduction from the outset.
An earlier ransom note, received Feb. 2, demanded $4 million in bitcoin by 5 p.m. on Feb. 5, with the demand increasing to $6 million if payment was delayed until Feb. 9. That first note included details investigators say suggested the author may have had direct knowledge of the crime scene, including references to a white smartwatch found on the floor beside Guthrie’s bed and a damaged floodlight outside the home. Investigators have said those details are significant but have not confirmed the note’s authenticity.
In late July, the Pima County Sheriff’s Department publicly released both ransom notes, saying it hoped members of the public might recognize the wording, writing style or other distinctive linguistic characteristics that could help identify the sender. Investigators believe both notes were sent from the same IP address, though the sender has not been publicly identified.
Savannah Guthrie has previously said she believes the two released notes may be authentic, distinguishing them from other messages the family received that she believes were fraudulent. “I tend to believe those are real,” she said in March, adding that the family had responded to the notes. In February, she also posted a public appeal on Instagram directed at whoever sent the messages. “We received your message and we understand,” she wrote. “We beg you now to return our mother to us so that we can celebrate with her.” She later told fellow “Today” host Hoda Kotb that the family could not find peace without knowing what had happened to her mother, urging anyone with information to contact investigators.
More than six months after Guthrie’s disappearance, the investigation remains active, with the FBI and the Pima County Sheriff’s Department continuing to pursue the case jointly. No arrests have been made and no suspect has been publicly identified. Authorities have reviewed hundreds of hours of surveillance footage, including video showing a masked individual outside Guthrie’s home on the night she disappeared, though investigators have not publicly identified that person or confirmed whether they were involved in the abduction.
A combined reward remains available for information leading to Guthrie’s location or the identification of those responsible, including a $1 million reward from the family and a separate $100,000 reward from the FBI. Investigators have pursued numerous leads throughout the case, including a volunteer search near Nogales, Mexico, prompted by an anonymous tip. Mexican authorities later said they found no evidence Guthrie had crossed into Sonora, and the Pima County Sheriff’s Department said it had not coordinated that particular search effort.
In June, deputies arrested Alexander Zabel Jr., 54, outside Guthrie’s home following repeated complaints about his behavior in the area. Authorities have not publicly linked Zabel to Guthrie’s disappearance.
The sheriff’s office continues asking the public to review the released ransom notes for any details that might help identify their author. While investigators regard the notes as significant pieces of evidence, they have not confirmed whether the person or people who wrote them were directly involved in Guthrie’s abduction, leaving open the possibility that the messages could have come from someone unconnected to the actual crime.
Anyone with information related to the case is urged to contact 911, the FBI at 1-800-CALL-FBI, or the Pima County Sheriff’s Department directly at 520-351-4900. Authorities have emphasized that the investigation remains ongoing and that no aspect of Guthrie’s fate, including the claims made in the second ransom note, has been independently confirmed as of the most recent public updates on the case.
Business
Cairn: Vedanta plunges 5.59 per cent on LSE amid talks to buy Cairn stake
In the late afternoon session, the scrip was being traded at 20.61 pounds, down by 5.50 per cent on the LSE. Vedanta opened on a positive note, but soon swung into the red.
The broader market was also weak and the benchmark FTSE 100 was trading at 5,248.95, down 0.32 per cent in the late afternoon session.
On the other hand, Cairn Energy Plc climbed 1.41 per cent and was being quoted at 4.59 pounds on the LSE.
In India too, Vedanta Group firm Sterlite Industries sank by over 4 per cent to close at Rs 160.70 on the Bombay Stock Exchange. Sterlite was the biggest loser in the Sensex pack today.
In contrast, Cairn Energy Plc’s Indian arm, Cairn India, surged by over 5 per cent to hit its highest-ever level of Rs 358 on the BSE. The scrip ended with a gain of 355.45, up 4.36 per cent.
Vedanta Resources Plc is in talks to acquire a majority 51 per cent stake in Cairn India for about USD 8-8.5 billion (nearly Rs 40,000 crore) and a deal may be announced on Sunday evening or Monday.Scottish explorer Cairn Energy Plc, which holds a 62.37 per cent stake in India-listed Cairn India, is seeking up to a 20 per cent premium for passing on the controlling stake, two persons in-the-know of the development said.
Agarwal “is meeting Cairn Energy Plc Chief Executive Bill Gammell in London today and the deal is likely to be announced as early as Sunday evening or on Monday,” one of them said.
The deal will be contingent on government approval, as Cairn’s three producing oil and gas assets, including the giant Rajasthan fields, and seven exploration blocks either have explicit provisions for seeking prior approval before the transfer of interest or gives pre-emption, or the right of first refusal, on any shares being sold to partners like ONGC.
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