Business
U.S. Treasury Yields Fall as Oil Prices Decline
Global government bond yields fell Monday, helped by declining oil prices and as investors anticipate that further measures from the U.S. Treasury are possible to tame high yields.
The U.S. Treasury last week doubled the volume of long-end debt buybacks after yields rose to multiyear highs. On Monday, a slight decline in global bond yields has been helped by lower oil prices even as the prospect of a peace deal in the Middle East remains elusive, while traffic via the Strait of Hormuz stays disrupted.
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Business
Weak economy, consumer demand shifts hit Flowers Foods
THOMASVILLE, GA. — Intensifying economic pressures, changing consumer preferences and stiffer competition translated into weaker second-quarter results at Flowers Foods, Inc. than the company had anticipated. Particular pressure on the company’s loaf bread business, including its Wonder and Dave’s Killer Bread brands, contributed to decreases in sales and profits during the period.
The setback in the second quarter has prompted Flowers to take additional cost-reduction efforts while accelerating growth initiatives. Sales and earnings guidance for the current year were lowered.
Net income in the second quarter ended July 18 totaled $40.66 million, equal to 19¢ per share on the common stock, down 30%, from $58.37 million, or 28¢ per share, in the second quarter of 2025. Sales were $1.19 billion, down 4% from $1.24 billion a year earlier. The sales decrease marked a reversal from the company’s first quarter, when Flowers Foods generated an increase of 1.1% in sales.
In the second quarter, volume dropped 5.8% while pricing/mix were up 1.8%.
A. Ryals McMullian, chairman and chief executive officer, pinpointed soft demand for bread as the key to the weak financial results, reflecting “ongoing pressure on household budgets, evolving consumer purchasing behavior, and continued competitive dynamics.”
The competitive dynamics were responsible for a “more difficult operating environment” than Flowers had anticipated, McMullian said.
“While we expected many of these headwinds to persist, their pace and magnitude intensified during the quarter, contributing to softer demand across much of our portfolio and results that fell short of our expectations,” he said.
Economic weakness prompted consumers to trade down to more affordable options as well as toward formats where Flowers is still building scale, McMullian said.
“Those shifts were compounded by consistent promotional intensity and strong competition across pricing and assortment,” he said.
Flowers is accelerating initiatives to strengthen competitiveness, improve execution, advance innovation, and prioritize the highest-value opportunities, McMullian said. He said the efforts already are generating “tangible commercial momentum.”
“Recent progress includes new business wins, entry into new markets, and key wins in away-from-home and cake categories, which we expect to contribute meaningfully to sales as those opportunities fully ramp,” he said.
The effects of the consumer and competitive pressures McMullian cited were particularly pronounced in the loaf bread category, including the company’s major Nature’s Own and Wonder brands. In the case of Nature’s Own, mainline product sales were weak, but the brand overall benefited from strength in its Perfectly Crafted sub-brand, with sales rising more than 9%. McMullian described new sourdough and Italian herb varieties as growth drivers.
The relaunch of Nature’s Own, reformulated with fewer ingredients and without flour enrichment, was described by McMullian as a “a key step” in the company’s efforts to revitalize its bread business. The move was announced midway through the second quarter.
“Early feedback from customers and distribution partners has been excellent, particularly around the brand’s simpler ingredients, stronger better-for-you positioning, and Non-GMO Project verified offering at national scale,” McMullian said. “While this initiative remains in its early stages and has not yet meaningfully contributed to results, positive customer feedback and the brand’s growing presence in the better-for-you segment reinforce our confidence in Nature’s Own’s ability to extend its category leadership over time.”
To achieve success for the relaunch, McMullian said Flowers is focused on building awareness, securing displays, improving shelf communication, and supporting the brand across the full path to purchase.”
He said the marketing campaign associated with the launch featuring spokesperson John Cena has begun to “generate stronger consumer engagement and positive social media feedback.”
While citing Nature’s Own as brand with Wonder that was pressured during the quarter, McMullian later said the Nature’s Own brand “performed very well, gaining 30 basis points of dollar share and 20 basis points of unit share.”
“Nature’s Own Perfectly Crafted was the primary driver and continued to build momentum, increasing dollar sales and gaining 20 basis points of unit share in the quarter, helping offset some of the pressure on our overall performance in the category,” McMullian said. “During the July Fourth holiday period, we held unit share and grew dollar share during this important seasonal window.”
By contrast, Dave’s Killer Bread lost unit and dollar share during the quarter. McMullian attributed the performance to planned reductions in marketing spending, changing consumer preferences, intensifying competition and consumer price sensitivity. He said Flowers is working to improve performance through innovation, expanded distribution, and advertising.
During an analyst call Aug. 21, McMullian said marketing dollars redirected from core Dave’s Killer Bread products are shifting back.
“We should see more normalized levels of promo and marketing spend with DKB for the balance of the year,” he said.
Asked about the consumer shifts weighing on DKB, McMullian cited one product in particular.
“We think that it’s the growth of sourdough,” he said. “It’s pretty remarkable, actually. I mean that subsegment of the category has already grown to be a $1.3 billion subcategory, pretty tremendous growth. In DKB, we only have sourdough on the West Coast currently.”
Price sensitivity also factored into the results, he said.
“But I said earlier, I don’t think it’s all price,” he said. “It’s a combination of price for some consumers, but also offering and product attributes that are driving some of that decline.”
Canyon Bakehouse, the company’s gluten-free bread brand, gained both unit and dollar share, and Nature’s Own Keto gained dollar share during the quarter. In the company’s better-for-you snacking business, McMullian said Simple Mills retail sales increased 13%, driven by strength in cookies and crackers, reinforcing the resilience and appeal of the brand.
The marketing campaign associated with the launch featuring spokesperson John Cena has begun to “generate stronger consumer engagement and positive social media feedback,” said A. Ryals McMullian, chairman and chief executive officer.
| Photo: Flowers Foods, Inc.“This performance was driven by a combination of distribution expansion, ecommerce performance, and strong velocities on core lines in the food and mass channels,” McMullian said, noting that new product launches have exceeded distribution goals, fueling optimism that the brand’s growth will accelerate in the second half of 2026.
Amid rumors the company’s Tastykake business may be sold, McMullian said the company “generally held share” in the snack cake category, thanks to strong results from the company’s Wonder brand.
“Wonder cake was a clear standout, gaining 60 basis points of unit share while also growing dollar share, underscoring the brand’s strong consumer relevance and the important role our cake business can play within our broader portfolio,” McMullian said. “Wonder’s continued momentum gives us a strong foundation from which to build in this category.”
Speculation about the sale of Tastykake was not addressed either in McMullian’s remarks or during the analyst call.
Asked whether pricing Flowers took earlier in the year was responsible for the downturn in sales, McMullian again said other factors may have been more important.
“Under-penetration in half loafs, sourdough, protein, fiber, some of these more functional attributes that consumers are looking for —that’s where our primary focus is,” he said. “Which is not to say that we’re ignoring the price equation. We are taking a hard look at that, and my initial thesis is there probably are some pockets of the portfolio where that’s a factor. But I don’t think it’s the overall driving force of our performance.”
Flowers trimmed the company’s earnings per share guidance for 2026 to 75¢ to 80¢from its earlier guidance of 80¢ to 90¢ and compared with $1.09 in 2025. The company revised its sales forecast to $5.07 billion to $5.142 billion, down from earlier guidance of $5.163 billion to $5.267 billion, and down 2.2% to 3.5% from 2026.
“Given our first-half performance and the current category environment, we are updating our full-year outlook to reflect a more cautious view for the balance of 2026,” McMullian said. “While near-term conditions remain challenging, we are confident that the actions underway will strengthen our top-line trajectory and better position our portfolio to meet evolving consumer demand.”
“We are taking targeted steps to strengthen competitiveness, sharpen execution, reduce costs, and better align resources with the opportunities that can create the greatest long-term value,” McMullian said. “Consistent with these priorities, we are executing additional cost actions designed to improve efficiency, reduce our cost base, and better align our operating structure with customer needs and current market realities. While difficult, we expect these actions to create a more agile organization and better position Flowers for profitable growth over time.”
Embedded in the outlook is improvements Flowers expects from its Nature’s Own relaunch, said Anthony Scaglione, chief financial officer.
“Additionally, it reflects the actions we are taking to improve performance, including cost controls, reorganization savings, targeted brand investment, innovation launches, and related execution,” Scaglione said.
The cost controls are expected to generate annualized savings over time of $20 million, including $9 million in 2026, but also will result in $6 million in one-time costs, Scaglione said.
Flowers sees longer-term headwinds for 2027, including escalating commodity ingredient and fuel costs, Scaglione said. He said the company is fully hedged for 2026 for its principal ingredients.
“We remain vigilant in implementing actions to help mitigate some of this risk, including expanding our hedging program and improving our price-pack architecture to better align with consumer preferences,” he said. “This work will lead to more stabilized cost inputs from a planning standpoint as well as opportunities to offer our best-selling brands in smaller loaf sizes and ensure our snack packs are appropriately sized for consumer demand.”
Business
GR to raise $110m, net profit hits $39m
GR Engineering Services boss Tony Patrizi says the company will maintain an open mind regarding potential acquisition opportunities moving forward.
Business
Paramount-WBD antitrust challenge may hold up more media deals

Long-awaited media M&A appeared to be finally getting off the ground in recent months.
But the delay of Paramount Skydance’s $110 billion proposed acquisition of Warner Bros. Discovery has industry insiders now citing a chill on mergers and acquisitions.
Last month, Paramount agreed to put its tie-up with WBD on hold until as late as June 2027, roughly nine months past its planned closing, while an antitrust challenge brought by a group of state attorneys general heads to trial. In recent days, The New York Times reported Paramount and California Attorney General Rob Bonta, who is leading the charge against the tie-up, would begin preliminary settlement talks — which were then swiftly called off, according to the paper.
The deal had already won approval by global regulators, including from the Antitrust Division of the U.S. Department of Justice.
Media executives and onlookers say the threat of increased scrutiny by state regulators, as well as a monthslong process before the dust settles, could put more than just Paramount’s megamerger on ice.
“It feels like the landscape has shifted significantly in the last few weeks around larger deals and combinations,” said Jonathan Miller, a media industry veteran who currently serves as CEO of Integrated Media, which owns a portfolio of media and creator ventures.
“I think we’re going to see a lull in deals,” Miller said.
Return of regulatory uncertainty
What once felt like a regulatory environment welcoming of mergers during President Donald Trump’s second term now feels hampered by the threat that states could take up the regulatory baton.
U.S. companies have inked just over 7,500 deals so far this year through Aug. 20, up from 7,015 during the same period last year, according to data provider Dealogic. Collective deal value is up considerably, too, as more megadeals get across the finish line.
Media companies have been raring for some time to be part of the action as they seek to cut costs and add scale to their businesses amid the bleed of pay TV subscribers.
Besides Paramount’s takeover of WBD — which itself came months after David Ellison’s Skydance completed its acquisition of Paramount — the industry has seen announcements of combinations, spinoffs and partnerships accounting for tens of billions of dollars in media market cap.
The Roku logo is displayed at Roku headquarters on in San Jose, California, Feb. 12, 2026.
Justin Sullivan | Getty Images
Fox Corp. plans to acquire Roku for $22 billion. Comcast, after separating out its portfolio of cable networks into Versant, is now planning to spin off NBCUniversal — which also recently formed a partnership between its Peacock streaming service and YouTube. Netflix has also come to the negotiating table after long vowing to build rather than buy.
The future of Fox and Roku’s marriage was called into question in a recent analyst note, despite the transaction having relatively fewer antitrust concerns than Paramount-WBD. The deal got a lukewarm reception from investors in June but is nonetheless considered a strategic pivot for Fox into streaming distribution.
Bernstein analysts noted what could be a “regulatory timing risk, particularly given the ongoing PSKY-WBD process.”
“While we do not view [the] Roku transaction as creating meaningful horizontal or vertical concentration concerns, current regulatory developments for [the] PSKY-WBD process indicate that transaction timing can be unpredictable even when the underlying antitrust arguments appear relatively weak,” according to the Bernstein analysts’ note.
The Fox-Roku deal is expected to close in the first half of 2027.
A similar dynamic is playing out with broadcast station owners hungry for consolidation, CNBC previously reported. Nexstar Media Group’s $6.2 billion acquisition of Tegna was announced in August 2025 and formally closed in March, but a group of state attorneys general sued to unwind the agreement. A trial is slated for next year.
The Comcast-NBCU calculus
Comcast and NBCUniversal signage on the 10 Universal City Plaza building in Universal City, California, June 29, 2026.
Jill Connelly | Bloomberg | Getty Images
Meanwhile, Comcast’s planned separation of NBCUniversal — expected to be completed next summer — swiftly raised hopes of more M&A to come when the move was announced in June.
Both companies are well positioned and flexible to do deals once they trade as standalone entities. NBCUniversal will include the Universal movie studio, Peacock streaming business, NBC broadcast network and related assets, while Comcast will house the Xfinity-branded services including broadband and mobile.
Executives for both NBCUniversal and Comcast have previously thrown cold water on the idea that the separation was for the purpose of dealmaking, but each company will undoubtedly have more avenues for M&A once the spinoff is complete.
As NBCUniversal prepares for its future as a standalone company, internal discussions have revolved around partnerships, bundles and other similar opportunities with media and tech companies, people familiar with the matter said. M&A has not been a topic of discussion for the near term, although minority-stake opportunities could be on the table, according to two of the people, who spoke on the condition of anonymity to discuss internal strategy.
Michael Angelakis walks to the morning session during the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, July 10, 2025.
David Paul Morris | Bloomberg | Getty Images
Incoming Comcast CEO Michael Angelakis — known in the industry as a dealmaker — said during an investor call he believed Comcast had the scale to compete, but he also didn’t dismiss future M&A. While a much-speculated combination with cable peer Charter Communications doesn’t appear to be in the cards, other opportunities in the broadband and tech industry could be attractive, one of the people said.
Yet executives at both of the soon-to-be separated companies are likely to avoid M&A discussions until Paramount-WBD’s process is resolved, some of the people familiar said, taking that result as an indication of what deals may or may not be doable in a more scrutinous environment.
Comcast and NBCUniversal leadership have become less inclined to consider near-term dealmaking with such potential regulatory pressure, according to those people.
For years, NBCUniversal, like Warner Bros. Discovery, has been frequently floated as a potential takeover target. The two companies have similar portfolios made up of linear TV, film production and streaming.
In the event Paramount’s marriage with WBD gets blocked by the state AGs, NBCU could look less appealing to some would-be suitors.
Partnership potential
A stall on media M&A could spur an uptick in partnerships and bundles, Integrated Media’s Miller said.
NBCUniversal’s Peacock deal with YouTube to effectively ingest content from NBCU into YouTube for Premium subscribers could be a model for one of those options. YouTube has long topped Nielsen’s streaming viewership list, and deals that see more of traditional media’s content embedded into the tech platform could become more commonplace.
Pavlo Gonchar | Lightrocket | Getty Images
Many in the industry have argued that creating bundles between various streaming services is the most consumer-friendly and profit-driving alternative to the current decentralized ecosystem. Peacock and Apple TV offer bundled plans, Disney offers a bundle of its various streaming services — Disney+, ESPN and Hulu — and Fox One and ESPN offer a separate bundle.
NBCUniversal has had conversations with various media players about potential bundles and content partnerships similar to the recently announced YouTube deal, according to one of the people familiar with the matter.
In place of M&A, media companies are also likely to focus more on deals with content creators and for intellectual property to bulk up their platforms. Media companies have been gravitating toward adding this content — along with short-form programming — to their platforms in a bid to attract younger viewers.
The economics of a deal
Paramount Skydance CEO David Ellison, left, and Warner Bros. Discovery President and CEO David Zaslav.
Caroline Brehman | Mike Blake | Reuters
One thing is certain: Ellison’s Paramount won’t be merged with WBD as easily as it planned.
Both Ellison and WBD CEO David Zaslav recently voiced their confidence in the deal, but the delay will be costly for Paramount. Under the terms of its agreement, Paramount will owe WBD shareholders a so-called ticking fee the longer the deal is delayed, beginning Sept. 30. The fee could amount to roughly $650 million in cash value per quarter.
Paramount last week filed to compel the suing states to post a $1.88 billion bond that it says would cover the ticking fee as well as other costs associated with the delay.
Regardless, the economics of the deal look very different if it’s completed in June of next year versus September of this year. The threat of similar holdups for other deals could infiltrate deal discussions and shift financial terms.
“The market-definition fight just got a price tag. A March 2027 trial date turns what had been an abstract antitrust debate into a potential billion-dollar delay cost before the court even rules,” said Mike Proulx, vice president and research director at Forrester. “The deal may still close, but the clean-close scenario is now gone.
“Paramount can still argue that the states are defining the market too narrowly,” Proulx said, “but proving that point just became much more expensive.”
Disclosure: Versant Media Group is the parent company of CNBC.
Business
Faults expose larger cable issue
Experts are warning subsea cables have become one of the nation’s largest vulnerabilities.
Business
FTSE 100 today: Stocks reverse losses as Iran sanctions loom

FTSE 100 today: Stocks reverse losses as Iran sanctions loom
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Prenetics Global: Marketing Mastery The Key To Robust Revenue Growth
Prenetics Global: Marketing Mastery The Key To Robust Revenue Growth
Business
‘Economic D-Day’ on Iran puts trading partners in crosshairs as Tehran threatens retaliation
Former Deputy National Security Advisor Victoria Coates discusses the strategic importance of the Strait of Hormuz and the U.S. economic pressure campaign against Iran on ‘The Bottom Line.’
The Trump administration is preparing to launch what Treasury Secretary Scott Bessent called an “economic D-Day” against Iran, escalating pressure not only on Tehran but also on foreign governments, financial institutions and businesses that continue providing the country with economic lifelines.
The campaign could raise the stakes for companies and countries with financial, shipping and energy ties to Iran, as Tehran threatens to treat participation in the U.S. pressure campaign as an “act of war” and potentially disrupt oil exports across the Persian Gulf.
“At dawn begins an economic D-Day — the single greatest financial offensive ever marshalled against an adversary,” Bessent wrote in a Financial Times op-ed published Sunday ahead of planned remarks Monday.
Bessent said the administration intends to target the remaining commercial and financial links sustaining Iran, including countries and entities involved in purchasing and transporting Iranian petroleum, moving money through exchange houses and free-trade zones, maintaining ship registries and facilitating other financial activity.
US WARNS OF ACTIVE CYBER THREAT TARGETING CRITICAL INFRASTRUCTURE

Scott Bessent, U.S. Treasury secretary, and Bret Baier, Fox News anchor, speak during an Economic Club of New York (ECNY) event in New York on Tuesday, June 23, 2026. (Krisanne Johnson/Bloomberg via Getty Images / Getty Images)
“Any nation that serves as a financial artery of a withering regime should expect to share in its isolation,” Bessent wrote.
President Donald Trump has separately described the campaign as the “MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY,” warning that countries allowing their banks, businesses, airports or government entities to provide Iran with an economic “lifeline” could face U.S. economic consequences.
A POWERFUL COUNTRY ON THE OTHER SIDE OF THE WORLD IS QUIETLY SHAPING TRUMP’S LATEST TRADE FIGHT
Trump specifically cited oil smuggling, swap lines, cash transfers, exchange houses, ship registries and front companies among the activities Washington is targeting.

Trump stands at the lectern alongside a group of tech and crypto executives on Aug. 19, 2026. (Al Drago/The Washington Post/Bloomberg via Getty Images / Getty Images)
Iran, meanwhile, is seeking to raise the potential cost for countries that align with Washington’s campaign.
Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, warned Sunday that Tehran could move against oil exports from the region if the pressure continues.
“If the economic war continues, not a single drop of oil will be exported, neither through the Strait of Hormuz nor from anywhere in the Persian Gulf,” Rezaei wrote on X. “Iran will regard any country’s participation in or support for America’s economic war against the Iranian people as an act of war.”
The dueling warnings are increasing pressure on governments and companies weighing whether to maintain economic ties with Iran and risk consequences from Washington or distance themselves from Tehran amid threats of Iranian retaliation.

The Iranian flag in rubble and debris in Tehran, Iran. (ATTA KENARE / AFP / Getty Images)
China said Monday that sanctions and pressure would not resolve the dispute and that Beijing would take necessary steps to protect its rights and interests, according to reporting from Reuters. Chinese Foreign Ministry spokesperson Lin Jian also urged the parties to act with restraint.
Pakistan, meanwhile, has continued its efforts to mediate between Washington and Tehran. Pakistani army chief Asim Munir arrived in Tehran Monday for talks that Pakistan’s military said were part of efforts to promote regional peace and stability.
Bessent has not yet publicly detailed the full legal and financial measures that will make up the new campaign. His op-ed said the administration is prepared to use “every agency, every authority” to isolate Iran economically.
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FOX Business has reached out to the Treasury Department for additional details on the scope of the planned measures. Bessent is expected to provide additional details on the administration’s Iran strategy later Monday.
Business
‘Half my business will be gone’ – firms in Canada and US fear trade war
While the tariffs could mean changes for the Paloma Clothing company, other American companies are facing the same battle they have faced since Trump returned to office and began imposing his levies.
Bill Easton, owner of Terre Rouge Wines in Plymouth, California, has been unable to ship his wine north to Canada for the past year and a half due to a boycott of US alcohol.
He is currently paying $2,400 a month to store that wine in a warehouse in the hope that he will one day be able to ship it to the Canadian markets he sells to.
“The wine has just gotten better in the warehouse, but I can’t expect my customer in Canada to pay that extra cost that I’ve assumed over the last year and a half as part of the price, if I was able to sell it tomorrow,” Easton told the BBC.
And then there are the American businesses impacted by proximity to the Canadian border.
The number of Canadian customers travelling across the border to shop at Heather Seevers’ craft shop, Northwest Yarns and Mercantile in Bellingham, Washington, has gone down some 20% since the tariff war began over a year ago. What has further irked Canadians has been Trump musing on Canada becoming a 51st US state.
The shop sits 25 minutes from the US-Canada border and since the “war” ensued Seevers said her business received emails from Canadian customers saying they could not patronise her business “due to anti-Canadian rhetoric”.
“We completely understood that,” she said.
But the combined impact of fewer customers and higher prices has left the shop asking for help from the community recently via a fundraising initiative to stay afloat.
And then, over the weekend, when the new tariffs struck, Seevers saw another hurdle appear.
“It’s going to get worse before it gets better,” she said. “It’s going to take years and years and years to get a relationship back with Canada, and I think these new tariffs are digging us deeper into a hole.”
Additional reporting from Nadine Yousif
Business
Laura Ward’s Vision for R.I.S.E.: Building an Immigration Organization Designed to Outlast Its Founder
Laura Ward does not simply want R.I.S.E. Immigration Services to become bigger. She wants it to become better. That distinction sits at the center of how Ward thinks about growth, leadership, and the organization she is building. Her ambitions extend beyond increasing the volume of work or expanding the reach of a founder-led business. She is focused on a harder question: How can an organization grow while preserving the standards, knowledge, culture, and sense of responsibility that gave it purpose in the first place?
For Ward, the answer begins with infrastructure. Stronger operations, better technology, employee development, educational resources, consistent processes, clearer communication, and dependable client experiences are not secondary administrative concerns. They are part of the service itself. Her view is that an organization serving immigrant families cannot rely on good intentions alone. It needs systems capable of turning those intentions into consistent action.
That philosophy reflects Ward’s professional background as well as her ambitions for R.I.S.E. Before starting the project, she had more than 15 years of service as a social worker, an experience that her approved biography connects to a longstanding concern for the well-being of people in Latin America and the United States. Her leadership philosophy now brings that service orientation into an organizational context, where compassion must operate alongside accuracy, accountability, and professional discipline.
Excellence and Compassion as Operating Principles
Ward aims to implement a unique culture at R.I.S.E. combining excellence with compassion. Ward asserts that, in the area of immigration, both are crucial.
It is particularly important in immigration as clients are dealing with complex processes involving paperwork, deadlines, courts, systems, and languages. At the same time, the issues involved in immigration are often of a personal nature: family issues, job-related, emotional, and financial.
Compassion is relevant to understanding clients. Excellence is relevant to carrying out the agencies’ work. Ward believes that compassion cannot replace excellence and vice versa. In other words, technical process knowledge without compassion can leave people even more traumatized. On the other hand, compassion without professionalism may create problems as clients rely on the agency to take care of things.
Ward thus looks for certain qualities when hiring staff – not just those mentioned in CVs. She values accountability, discipline, communication, compassion, and willingness to learn which all affect how the agency works.
Exactness matters in a situation when processes require it. Communication matters in a situation when clients need to know what needs to be done. Compassion determines whether people are treated with patience. However, accountability and discipline are needed to ensure everything that should be done is carried out. Finally, willingness to learn becomes important because immigration issue processes and technologies are constantly developing.
This is the reason why Ward cares about teaching employees instead of just filling positions. In the long term, she wants the employees to evolve into qualified professionals.
Building an Organization That Does Not Depend on One Person
Founder dependence is a familiar challenge in entrepreneurship. In an organization’s early development, the founder can become the keeper of its relationships, standards, knowledge, decisions, and problem-solving habits. That concentration may work at a smaller scale, but it can also become a structural weakness as complexity increases.
Ward’s three-to-five-year vision for R.I.S.E. addresses that problem directly. She wants to strengthen operations, develop the team, improve technology and internal systems, expand educational reach, and create greater consistency in the client experience. Her interest in growth is therefore closely connected to organizational capacity.
Technology has a practical role in that vision. Ward sees appropriate systems as tools for improving communication, tracking responsibilities, reducing administrative mistakes, preserving institutional knowledge, and giving clients greater transparency. Her focus is not on technology for its own sake. It is on what stronger systems can make possible inside an organization where details and communication matter.
This is where Ward’s preference for “better” over merely “bigger” becomes most consequential. More activity creates more complexity. Serving more people or developing a larger organization would also create more responsibilities to coordinate, knowledge to preserve, employees to prepare, and standards to maintain. Sustainable growth therefore requires stronger foundations behind the visible work.
Ward’s own description of leadership reinforces that incremental approach. She views successful organizations as the product of thousands of decisions: improving a process, training someone, solving a problem, learning from a mistake, and repeating the work. Institution-building, in that sense, is less about a single expansion milestone than about steadily making quality reproducible.
Professional Development From the Founder Outward
Laura Ward’s recent accreditation by the U.S. Department of Justice adds another dimension to that emphasis on development. In July 2026, she was announced as a DOJ Accredited Representative. According to the accreditation announcement, she is authorized through the Department of Justice’s Executive Office for Immigration Review to provide qualified immigration legal services through a recognized organization.
The credential is significant within Ward’s professional development, but it also fits a larger pattern in how she describes R.I.S.E. She expects employees to remain teachable, develop competence, understand their responsibilities and limitations, and continue educating themselves. Her own continued professional development applies that same expectation to the founder.
That alignment matters for the culture Ward wants to establish. Leadership development is difficult to make credible if continuous learning is expected only from employees. Ward’s approach instead suggests that stronger organizations are built as people throughout them expand their capabilities, including the person at the top.
Her background in social work also helps explain why competence and service are so closely linked in her thinking. Ward advises people entering service-oriented careers to listen first, develop competence, respect the dignity of those they serve, and recognize that good intentions are insufficient when others depend on them. Those principles now inform her approach to organizational leadership.
Education as Institutional Capacity
Education is another component of Ward’s vision that reaches beyond individual client interactions. She wants people to become informed participants in their immigration journeys, with a clearer understanding of procedures, documentation requirements, deadlines, responsibilities, and when qualified legal advice may be necessary.
Her broader ambition includes community education, digital content, social media, and accessible educational resources, with particular attention to making information understandable for Spanish-speaking communities and people who may not know where to begin. These are presented as areas of continued development rather than a catalogue of completed programs.
The distinction is important because Ward sees education as a form of empowerment rather than simply information distribution. Her goal is for people to understand enough to ask better questions, identify potential problems earlier, and advocate more effectively for themselves and their families.
Education also serves an institutional purpose. Knowledge captured in useful resources can travel beyond a single conversation. Knowledge transferred to employees can become organizational capability. Employees who gain knowledge, judgment, confidence, and responsibility can eventually become leaders. In each case, value becomes less dependent on one person’s direct involvement.
That is the deeper thread connecting Ward’s interest in technology, processes, education, client communication, and employee development. Each can help turn individual expertise into organizational capacity.
A Definition of Legacy Built Around Continuity
Ward’s definition of success has evolved beyond conventional measures of organizational growth. She wants R.I.S.E. to be financially strong, operationally effective, respected, and capable of growing, but she does not consider numbers sufficient. Success, as she describes it, also means creating an organization people trust, developing capable professionals and leaders, establishing systems that function consistently, and producing educational resources that remain useful beyond the walls of an office.
Her view of leadership is particularly revealing: one of its greatest measures is whether an organization becomes stronger because someone led it, rather than permanently dependent on that person.
That idea brings the bigger-versus-better distinction full circle. Becoming bigger can be measured through scale. Becoming better requires examining whether an organization is more capable, whether employees are developing, whether knowledge is being preserved, whether clients receive consistent experiences, whether communication is improving, and whether the institution can uphold its purpose as responsibilities increase.
Ward ultimately describes herself as someone who wants to build. Her stated legacy includes organizations, opportunities, leaders, educational resources, and systems that continue creating value for other people.
For R.I.S.E. Immigration Services, that makes the long-term ambition larger than the founder without diminishing the founder’s importance. Ward’s role is to establish the standards, develop the people, strengthen the infrastructure, and create the conditions under which the organization can eventually carry its knowledge and purpose forward.
The clearest measure of that work may come much later. If R.I.S.E. can continue educating communities, creating opportunities, developing leaders, employing people, and serving immigrant families without requiring Laura Ward to remain at the center of every decision, it will have achieved the kind of growth she considers most meaningful. It will not simply have become bigger. It will have become strong enough to endure.
Business
Suspect in Oregon Quintuple Murder Found Dead in Washington a Day After Bodies Discovered on Rural Property
FOREST GROVE, Ore. — A suspect in the killings of five people found on a rural property outside Forest Grove, Oregon, was found dead in a vehicle in Enumclaw, Washington, on Sunday, authorities said, a day after the victims’ bodies were discovered following a report of a vehicle fire.
The Washington County Sheriff’s Office identified the suspect as 36-year-old Benjamin Charles Parker. Investigators believe Parker died by suicide, according to a news release from the sheriff’s office issued Sunday evening. “Officers from the Enumclaw Police Department located Parker’s vehicle and found him deceased inside,” the sheriff’s office said in its statement. “It is believed he died by suicide.” Officials said there was no ongoing threat to the public.
Authorities have not disclosed how investigators were led to Parker or detailed his connection to the victims, though Washington County Sheriff Caprice Massey said Parker was known to the people killed. “Detectives do not believe there is a danger to the public,” Massey said, according to Portland CBS affiliate KOIN. Massey separately told reporters that investigators believe Parker “was known to the subjects,” according to NBC News. Detectives have said they do not believe the killings were random, though authorities have not publicly disclosed a possible motive.
Parker’s vehicle, with his body inside, was located behind a Safeway store in Enumclaw, a small city roughly 50 miles southeast of Seattle, according to the Enumclaw Police Department.
The case began early Saturday morning, Aug. 22, when the sheriff’s office responded to a report of a vehicle fire at a property on Northwest Otis Lane, a dead-end street off Hillside Road in a rural, unincorporated area of Washington County outside Forest Grove, roughly 25 to 30 miles west of downtown Portland. Responding sheriff’s deputies and fire personnel discovered the remains of five people, along with what officials described as “several domestic animals,” at the scene. Authorities have not disclosed the ages, genders or identities of the victims, how they died, what connections they had to one another, or what types of animals were found dead at the property.
Washington County Sheriff’s Detective Shannon Wilde addressed the ongoing effort to identify the victims during a news conference Sunday afternoon, before Parker’s death was confirmed. “Any time you have one person deceased, let alone five, that’s a logistical challenge,” Wilde said, describing the scope and complexity of the investigation. When asked by reporters about the time that passed between the initial discovery of the bodies and the release of public information the following afternoon, Wilde explained that authorities were working simultaneously to identify the victims, notify their next of kin, and manage what she described as a “very active investigation with a lot of moving pieces,” while ensuring that information released to the public was accurate.
Wilde also offered a limited description of the property itself when pressed by reporters for additional detail, describing the location broadly rather than specifying exactly where on the property the bodies were found. “Rural area, and there are other homes out there, but there’s a lot of vegetation and and land and hills and and forests out there. So I’ll just say it’s a rural area that’s got a lot of various various properties on it,” Wilde said, according to Portland ABC affiliate KATU.
Investigators formally characterized the case as a quintuple homicide, with Wilde reiterating during Sunday’s news conference that all five victims had been murdered. Before Parker’s death was confirmed later that evening, Wilde had emphasized the active and unresolved nature of the case. “There is someone that we don’t have in custody that committed this act,” Wilde said, according to KATU, referring to the still-unidentified suspect at that point in the investigation.
Sheriff Massey, addressing the scale and complexity of the investigation, described it as among the most challenging cases she has encountered during her decades in law enforcement in the region. “I will say that in my 22 years here, I have not been a part of or witnessed a scene quite this complex involving this type of an investigation,” Massey said.
Massey urged members of the public who may be familiar with the property or the people who lived there to come forward with any relevant information they might have, as investigators continue working to fully piece together the circumstances surrounding the killings.
The investigation has involved coordination among multiple law enforcement agencies spanning two states, given that the crime scene itself was located in Oregon while the suspect was ultimately found dead across the state line in Washington. Authorities have not indicated whether the investigation into the full circumstances of the killings, including establishing the precise nature of Parker’s relationship to each of the five victims and determining a specific motive, has been concluded now that the suspect has been confirmed dead, or whether significant investigative work remains ongoing despite the absence of any surviving suspect to charge or prosecute.
As of this report, the Washington County Sheriff’s Office had not released the identities of the five victims, pending notification of next of kin, a standard practice followed in cases involving multiple fatalities while families are formally informed before public identification occurs. Authorities also had not provided additional detail regarding the specific cause of death for any of the five victims, nor had they clarified the nature or number of domestic animals found dead at the property alongside the human victims.
With Parker’s death confirmed and no ongoing threat to the public identified by investigators, attention is likely to shift toward the broader work of formally identifying all five victims and establishing a clearer public account of what led to the killings, even as the case itself, absent a surviving suspect, will not proceed toward criminal prosecution in the traditional sense. The Washington County Sheriff’s Office has indicated the investigation remains active and ongoing as authorities continue working to provide a fuller account of the circumstances surrounding what officials have described as one of the most complex cases the department has handled in more than two decades.
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