The crypto treasury firm hoping to be the 'MicroStrategy of Ether'. Here's a breakdown
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
24 minutes ago
- Forbes
American Airlines Expects Domestic Gains, But Hedges On Future Outlook
An American Airlines Airbus A321-231 aircraft sits at the gate in Las Vegas in January. (Photo by ... More Artur Widak) American Airlines provided negative current quarter guidance and unusually wide full-year guidance as it reported second quarter results. Its pre-tax margin was again below competitors'. Interviewed on CNBC Squawk Box, American CEO Robert Isom said that in the current quarter, 'We see domestic travelers coming back into this.' He said July was a difficult month, partially due to weather, but 'We see high demand trends moving into our future.' American said it expects to report a current quarter loss per share between 10 cents and 60 cents. For the full year, American expects full-year adjusted earnings between a loss of 20 cents per share and a gain of 80 cents per share, with a mid-point of 30 cents. The carrier 'believes the top end of the range is achievable if demand in the domestic market continues to strengthen and only expects to be at the bottom end of the range if there were to be macro weaknesses that are not seen today,' according to its earnings release statement. In January, American had estimated full-year EPS between $1.70 and $2.70. For the second quarter, the carrier reported revenue of $14.4 billion, up 0.4% over the same quarter a year earlier. Excluding items, net income was $628 million or 91 cents per share. In the same quarter a year earlier, net income was $717 million or $1.01 per share. In pre-market trading an hour before the opening,, American shares were down about 7% to $11.77 a share. American said its pre-tax margin was 5.8%. Delta reported a pre-tax margin of 11.6%, while United reported 11%. Regarding international, the carrier cited 'continued strength in premium cabin demand in the second quarter, particularly to long-haul international destinations. All international entities delivered positive unit revenue growth year over year, with Atlantic passenger unit revenue up 5%. These results contributed to American's industry-leading passenger unit revenue year-over-year improvement for the fourth consecutive quarter.' While international PRASM rose 5%, Domestic PRASM declined 6.4%.
CNBC
25 minutes ago
- CNBC
American Airlines CEO Robert Isom: See supply and demand trends moving in our favor in Q3 and Q4
CNBC's Phil LeBeau and American Airlines CEO Robert Isom join 'Squawk Box' to discuss the company's quarterly earnings results, Q3 profit forecast, softness in domestic travel, corporate travel demand outlook, and more.
CNBC
an hour ago
- CNBC
Family office deal-making has fallen this year as investors wait for clarity
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Investment firms of the ultra wealthy are known for their patience, preferring to invest for decades or even generations. Family office investors have also shown they are willing to wait for the dust to settle on President Donald Trump 's tariffs before inking new deals. In the first six months of 2025, family offices made 375 direct investments in companies, a 32% year-over-year drop, according to data provided exclusively to CNBC by Fintrx. Investments fell in every sector, including technology and health care and life sciences, the two most popular deal categories in 2024 and 2025, according to Fintrx, a private wealth intelligence platform. Only artificial intelligence-related companies saw a growth in direct investments, which rose from 55 to 71. However, family offices are showing more discretion when it comes to betting on AI, according to PwC's Jonathan Flack, who leads the consulting giant's U.S. and global family office practice. Family offices, especially those that are less comfortable with technology investing, are taking a picks and shovels approach by investing in the infrastructure around AI, he said. "They are actually making investments in the data centers and the hard assets that are going to be needed to support AI and the growth of AI," Flack said. Health-care investing is somewhat resilient, between the demands on the health-care system and the rise of AI-enabled biotech startups, he said. For instance, he said, medical diagnostics startups have great potential given the expected cuts as Trump's tax-and-spending law is expected to put pressure on rural health care. Broadly speaking, family offices have become choosier about their venture capital investments, according to Vicki Odette, a lawyer who advises family offices, funds and institutional investors. The exit slowdown means they have less capital to redeploy, she said. "I'm just seeing a lot more scrutiny," said Odette, a partner at Haynes Boone. "They're really looking for deals where they can actually see, in the near term, much more of a profitable path." That said, her clients aren't sitting idly on the sidelines. Opportunistic family offices are showing interest in secondary funds, which have surged in popularity as institutional investors seek liquidity, she said. Whether deal-making will rebound by the end of the year is another question of patience. Flack said he expects deal-making not to recover, but to rise slightly in the second half of 2025. "I still see where there's a outsized percentage of undeployed capital at family offices," he said. "I think that as you get towards the end of this year, they're going to want to get into some deals." Odette said family offices would need more clarity on tariffs in order for investments in U.S. firms to meaningfully pick up. However, she has seen a recent shift in family offices, even domestic ones, looking overseas, and she expects that to last. "Most of the deals that we're seeing are really focused in in Europe and abroad," she said. "We're seeing a lot of family offices build more cross-border syndicates, where they're all talking to each other to look for new sources of alpha that are outside the U.S."
