NEW YORK — The New York Knicks staged one of the most remarkable comebacks in NBA Finals history, erasing a 29-point deficit to defeat the San Antonio Spurs 107-106 on Wednesday night and take a commanding 3-1 series lead.
OG Anunoby tipped in a miss by Jalen Brunson with 1.2 seconds remaining, completing the historic rally at a raucous Madison Square Garden. The victory puts the Knicks on the brink of their first championship since 1973, with three chances to close out the series starting with Game 5 on Saturday in San Antonio.
It was the largest comeback in Finals history, surpassing the previous mark of 24 points set by Boston against the Lakers in 2008. The Spurs had led 81-52 in the third quarter and held a 27-point advantage at halftime, appearing headed for a commanding road win.
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Dramatic Rally Unfolds
The Knicks limited San Antonio to just 14 points on 4-for-20 shooting in the third quarter, using a 13-0 run to claw back into contention. They entered the fourth quarter trailing 90-75 but outscored the Spurs 32-16 in the final period to pull off the improbable victory.
Brunson led the Knicks with 36 points, delivering clutch scoring throughout the comeback. Anunoby finished with 33 points and made the game-winning play, swooping in as Brunson’s long three-point attempt bounced off the front rim.
“I told OG as big, as strong, as athletic as he is, he’s got to be a monster on the offensive glass tonight,” Knicks coach Mike Brown said. “I don’t know if there was a play bigger than any other play in the history of Knicks basketball.”
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Delirious fans inside Madison Square Garden erupted as the final seconds ticked away, singing along to Journey’s “Don’t Stop Believin’” after witnessing a moment that seemed almost impossible earlier in the evening.
Spurs Collapse After Strong Start
The young Spurs built their massive lead with hot three-point shooting, making 11 of their first 16 attempts. However, they went cold in the second half, shooting just 3 for 17 from beyond the arc as the Knicks mounted their charge.
Victor Wembanyama recorded 24 points and 13 rebounds but shot 9-for-25 from the field. The 7-foot-4 phenom struggled to impose his will consistently against New York’s physical defense in the second half.
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“We got on our heels — we missed some shots,” Spurs coach Mitch Johnson said. “It’s disappointing, to say the least.”
Dylan Harper scored 21 points for San Antonio, while De’Aaron Fox and Devin Vassell each added 18. The Spurs, who had won Game 3 in New York to avoid falling into a 3-0 hole, now face elimination pressure on their home court.
“I think it began before (the fourth quarter),” Wembanyama said of the collapse. “I can’t really explain it right now. I don’t know. … We clearly weren’t the most hungry in the second half.”
Historic Context and Series Implications
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The Knicks had their 13-game winning streak snapped in Game 3 but responded with resilience that has defined their playoff run. This marks only the second time in Finals history that road teams won the first three games, and the Spurs were well-positioned to make it four before the dramatic reversal.
No team had come from more than 24 points down in a Finals game since detailed play-by-play tracking began in 1997. The Knicks’ effort now stands as the largest comeback in Finals annals and the second-largest in any playoff game, behind only the LA Clippers’ 31-point rally against Golden State in 2019.
The series has been intensely physical, with Wembanyama drawing flagrant fouls and heightened defensive attention. The hostile environment at Madison Square Garden played a significant role in the momentum shift, energizing the Knicks during their third-quarter surge.
Path to the Title
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A Knicks victory in Game 5 on Saturday would give them their first title in more than five decades. The franchise last won in 1973 under Willis Reed. This year’s team, built around Brunson’s leadership and a balanced supporting cast, has overcome significant obstacles throughout the postseason.
The Spurs, in just their third season with Wembanyama, have exceeded expectations by reaching the Finals. A return home for Game 5 offers them a chance to extend the series and test the Knicks’ resolve in a hostile environment once more.
Coaching and Tactical Notes
Mike Brown’s adjustments in the second half, particularly emphasizing offensive rebounding and defensive intensity, proved decisive. The Knicks’ ability to limit San Antonio’s three-point shooting after halftime was a turning point.
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Mitch Johnson and the Spurs staff will need to regroup quickly, addressing second-half execution and finding ways to sustain energy against a motivated Knicks squad.
Fan and Cultural Impact
The atmosphere at Madison Square Garden was electric, with fans roaring through every run. Celebrities including Taylor Swift were in attendance, adding to the spectacle of a Finals game that will be remembered for years.
The Knicks’ resilience has captivated New York and basketball fans nationwide, evoking memories of past championship teams known for toughness and never-quit attitudes.
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As the series shifts back to San Antonio, the Spurs will look to leverage home-court energy while the Knicks aim to close out the championship on the road. Game 5 promises another intense battle between two resilient teams featuring generational talents in Brunson and Wembanyama.
The 2026 NBA Finals have already delivered drama and historic moments. With the Knicks one win away from ending a long title drought, the coming games will determine whether New York completes its journey or if San Antonio forces a longer, more grueling series.
The Knicks’ record comeback in Game 4 stands as a testament to their character and sets up what could be a memorable conclusion to the 2026 postseason.
MediaAlpha, Inc. (MAX) Q2 2026 Earnings Call July 29, 2026 5:00 PM EDT
Company Participants
Steven Yi – Co-Founder, CEO, President & Director Patrick Thompson – CFO & Treasurer
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Conference Call Participants
Alex Liloia – Hayflower LLC Maria Ripps – Canaccord Genuity Corp., Research Division Thomas Mcjoynt-Griffith – Keefe, Bruyette, & Woods, Inc., Research Division Eric Sheridan – Goldman Sachs Group, Inc., Research Division Randy Binner Michael Zaremski – BMO Capital Markets Equity Research
Presentation
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Operator
Ladies and gentlemen, thank you for standing by. My name is Angela, and I will be your conference operator today. At this time, I would like to welcome everyone to the MediaAlpha, Inc. Second Quarter 2026 Earnings Call. I’d like to remind everyone that this call is being recorded. [Operator Instructions] I would now like to turn the call over to Alex Liloia. Please go ahead.
Alex Liloia Hayflower LLC
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Thanks, Angela. Good afternoon, and thank you for joining us. With me, our Co-Founder and CEO, Steve Yi, and CFO, Pat Thompson. On today’s call, we’ll make forward-looking statements relating to our business and outlook for future financial results, including our financial guidance for the third quarter of 2026. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially.
Please refer to our SEC filings, including our Annual Report on Form 10-K and quarterly reports on Form 10-Q for a fuller explanation of these risks and uncertainties and the limits applicable to forward-looking statements. All the forward-looking statements we make on this call reflect our assumptions and beliefs as of today, and we disclaim any obligation to update such statements except as required by law. Today’s discussion will include non-GAAP financial measures, which are not a substitute for GAAP results.
Reconciliations of these non-GAAP financial measures to the corresponding GAAP measures
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
The company has established itself as a key supplier of engines for aircraft and submarines
08:50, 30 Jul 2026Updated 08:53, 30 Jul 2026
A general view of the Rolls Royce Inchinan factory
Engine maker Rolls-Royce has raised its full-year outlook after reporting a 46 per cent leap in operating profit for the first half amid increased demand from defence and an improved performance in the civil after market.
On Thursday, the company said it expected to deliver underlying operating profit of between £4.7bn and £4.9bn for the financial year – up from a previous estimate of £4bn and £4.2bn.
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Shares in the company rose by four per cent in early trading on the back of the results.
“The actions that we have taken and investments we have made will drive significant profitable growth to the mid-term and beyond,” said chief executive Tufan Erginbilgic.
“A strong start to the year enables us to raise our guidance for 2026 despite the conflict in the Middle East.”
Elsewhere, the manufacturer said it had completed £1.4bn of a planned £2.5bn share buyback scheme for 2026. It also announce an interim dividend of 6p per share would be paid in September.
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“Our transformation continues to deliver, and we are demonstrating that Rolls-Royce is now a very different company to that of the past,” added Mr Erginbilgic.
“We have unlocked new growth opportunities across the group and created a resilient and diversified portfolio, with three strong businesses that can respond to changes in the external environment with agility and pace.”
Rolls-Royce has established itself as a key supplier of engines for aircraft, submarines and other power systems, with its technology earmarked for Dreadnought – the Royal Navy’s upcoming fleet of four nuclear-powered ballistic missile submarines.
The £100m facility, at Gypsy Patch Lane, will be used to design, assemble and test engines for the defence industry, and to develop new products for future air combat.
Rolls-Royce stocks have enjoyed a rebound in recent months, and have risen by around 40 per cent in the last year.
Last week, shares in the engine maker enjoyed a surge amid the appointment of former defence minister John Healey as Chancellor.
“Shareholders couldn’t have hoped for a better turnaround since the appointment of CEO Tufan Erginbilgic at the start of 2023,” said Victoria Scholar, head of investment at Interactive Investor.
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“The stock has enjoyed a meteoric ascent and confidence in the company has skyrocketed. The company is returning cash to shareholders too through its share buyback announced in February. No longer a burning platform, Rolls-Royce is firing on all cylinders.”
Black Cat Syndicate Limited (BLCAF) Q4 2026 Earnings Call July 29, 2026 9:00 PM EDT
Company Participants
James Bruce – MD & Director Nicholas Dwyer – Chief Financial Officer
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Conference Call Participants
Stewart Walters Richard Knights – Barrenjoey Markets Pty Limited, Research Division Paul Hissey – MA Moelis Australia Securities, Research Division
Presentation
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Stewart Walters
Hello, and welcome to MarketOpen Direct Connect. I’m your host, Stuart Walters, and we’re joined here today by James Bruce, Managing Director; and Nick Dwyer, Chief Financial Officer of Black Cat Syndicate, ASX code BC8. James and Nick will discuss the company’s fourth quarter financial year 2026 quarterly and activities results and participate in a live Q&A post presentation. [Operator Instructions] A copy of this webinar will be available on MarketOpen and Black Cat’s communication channels within the next 24 hours. James, Nick, welcome to Direct Connect, and over to you.
James Bruce MD & Director
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Thanks, Stuart, and welcome, everybody. Thanks for joining us today. Black Cat’s had a successful year of ramping up production and very pleased to present these results to you. We produced 91,000 ounces in the year. We’ve got $105 million cash on the balance sheet, no debt and no hedging. The company since we listed has increased in share price 19% per annum. And the — I’m pleased to — for those of you who don’t know the company, I’ll just give a quick snapshot.
We’ve got 2 assets in production at Paulsens and Kal East. These hubs have ramped up well over the last 1.5 years. Kal East is continuing to ramp up. At our Coyote project, we’re drilling at the moment. And we’ve also got the Mt Clement Critical Minerals project, which is near to Paulsens. During the June quarter, some of the highlights were that we processed 428,000 tonnes of ore to produce 20,800 ounces
The committee of five women and four men will announce their latest interest rate decision at 12:00 BST, with a hold the widespread expectation.
The Bank rate is the MPC’s primary tool for maintaining the rate of rising prices – inflation – at a target of 2%.
The latest official figures show inflation in the UK was 2.6% in the year to June, down slightly on the previous month but still above its 2.3% target.
The inflation rate is likely to go up in July, as millions of households in Scotland, England and Wales feel the impact of a 13% rise in domestic energy prices.
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The increase was the result of the impact of the Iran war on wholesale energy prices.
Conflict in the Gulf, and uncertainty over the chances of a lasting truce, hang over the MPC’s meeting and decision this month and in the months ahead.
Many analysts expect interest rates to be unchanged in the foreseeable future, with the possibility of the next change being a rise.
“A new government finding its feet, and the situation in the Middle East becoming increasingly uncertain, mean that a hold on [the] base rate decision would be a welcome dose of stability,” said Katie Horne, from savings platform Flagstone.
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“People have had more than enough uncertainty over the past year, and even a temporary pause eases the pressure a little.”
Shell’s profits for the second quarter of the year have more than doubled after the Iran war pushed up oil prices.
The oil giant’s profits for the April-to-June period reached $9.84bn (£7.37bn) – up from $4.26bn at the same point last year.
The price of oil has soared since the outbreak of the US-Israel war with Iran due to major disruption to global supplies of oil and liquid natural gas (LNG) through the Strait of Hormuz.
Shell chief executive Wael Sawan said the company’s “operational performance enabled very strong results during another quarter of severe disruption in global energy markets”.
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Together with its profits of $6.92bn for the first three months of the year it means Shell has seen a 70% surge in first-half earnings.
Shell and other energy giants such as BP and Norway’s Equinor have seen bumper profits this year, partly down to trading on oil price swings.
Before the conflict began, the price of Brent crude, the global benchmark for oil prices, was around $73 a barrel.
Since then, it has peaked above $120 but also fallen back below $100 as speculation has swirled over when the Strait of Hormuz will reopen.
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These big movements in the oil price can widen the gap between buying and selling prices which typically enables traders to make bigger profits.
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