
Wise Shares Slump After First-Quarter Earnings Miss Estimates
The company reported underlying income of £362 million ($485 million) in the three months through June, which missed the £372 million average of analyst estimates compiled by Bloomberg. Still, the company maintained its full-year forecast for that figure to grow as much as 20%.

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Jim Cramer on New Gold: 'It's Okay'
New Gold Inc. (NYSE:NGD) is one of the stocks Jim Cramer reflected on. During the lightning round, a caller inquired about the stock, and Cramer replied: 'It's okay. I mean, why not buy Agnico Eagle? That's the one I really, really like. They're doing so well. Let's go with that, Agnico.' Pixabay/Public Domain New Gold (NYSE:NGD) is a mining company focused on the exploration, development, and operation of mineral properties, primarily producing gold, silver, and copper from its key assets in Ontario and British Columbia. The company recently announced its Q2 earnings result date, which is set on July 28. During the last quarter earnings, New Gold's (NYSE:NGD) President and CEO, Patrick Godin, noted a strong start to the year, highlighting the company's full ownership of New Afton, successful refinancing of senior notes, and extension of its credit facility. Two updated Technical Reports were also released, which showed improved production outlooks and reduced costs. The CEO added: 'Operationally, we delivered our first quarter as planned, advancing several critical path objectives to set ourselves up to achieve our annual guidance. At New Afton, B3 grades were higher than expected as the cave nears exhaustion, which is now expected by the end of the second quarter of 2025. At Rainy River, our efforts to sequence waste stripping in the early months of the year have allowed us to remain on-track for a step-up in production starting in the second quarter, and to deliver an improved second half of the year. Additionally, underground development continues to advance, and I'm pleased to report the successful pit portal breakthrough occurred in early April, an important catalyst that enables the underground ramp-up to advance throughout the year.' While we acknowledge the potential of NGD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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6 Investing Moves That Benefit Millionaires, but Can Hurt the Middle Class
For members of the middle class, who only have a moderate amount of money to invest, every move you make counts and can have a big impact on your net worth. Millionaires, on the other hand, often have more room to play with a wider margin of error. Learn More: Read Next: Here, William 'Bill' London, a finance expert and partner at Kimura London & White LLP, explained what kind of moves millionaires can make that the middle class just can't, and how to think of investing. High Capital Investments When millionaires play with money, their investments often have qualities that middle class can't achieve, London said, including 'high capital, long horizons and privileged access to markets.' Millionaires are investing in hedge funds, venture capital or high property syndications that 'are frequently typified by limited accessibility, low liquidity and high levels of risk,' he said. The average middle-class person is lucky to have retirement accounts and maybe a high-yield savings account or money market account. Millionaires can invest big money because they have the financial buffer to incur 'little more than slight hardships instead of severe life-transforming effects, a situation that normally applies to most families holding middle incomes,' London explained. Find Out: Tax-Loss Harvesting Practice in Private Equity Tax-loss harvesting — essentially where investors reduce their taxable income by selling investments that have lost value — is another strategy millionaires use because they have 'substantial taxable investment portfolios and sophisticated tax planning,' London said. For the average person with a 401(k) and limited brokerage activity, the benefits are small and often not worth the complexity. Private equity, in general, is typically reserved for high-income earners because you have to commit large amounts of capital over longer durations, London explained. Millionaires have the kind of liquidity that allows for them to extract big sums of money without suffering to pay for their basic expenses. To a middle-class earner, liquidity might just mean a slim buffer 'to take care of unexpected situations, educational expenses or retirement goals which makes this investment strategy risky and often undesirable,' London said. Financing Through Debt Not only do millionaires have the ability to borrow against investment portfolios or real estate at low interest rates to reinvest or defer taxes, 'They have the liquidity and safety nets to handle downturns,' London said. A middle-class investor just isn't likely to have the financial buffer or willing to take a risk refinancing a home to invest. 'If the market moves in the wrong direction, they may not have the flexibility to recover.' Higher Risk Tolerance In a nutshell, millionaires can absorb losses without major lifestyle changes. 'They are able to take on high-risk, high-reward opportunities with patience and backup plans,' London pointed out. Middle-class investors usually cannot afford that luxury; a major loss could delay retirement or put essential life goals at risk. Using Tax-Friendly Instruments While almost anyone can get some kind of tax benefit for making a charitable contribution, where the benefits really kick in is at a level of money the middle class is unlikely to have. 'The tax benefits that are available for donor-advised funds and other sophisticated trusts are relevant more frequently in situations that involve large charitable gifts or intergenerational transfers of wealth,' London said. For most families, the administration and maintenance costs of setting up such funds and trusts alone would be worth more than their potential savings. Postponing Revenues and Lowering Current Period Profits Most middle-class people live, if not quite paycheck to paycheck, not far ahead of that, with a small emergency fund or buffer, and with every dollar of income counting. Millionaires, on the other hand, can actually delay income to affect their taxes. 'They may delay bonuses, use stock options, or receive investment returns structured to maximize long-term capital gains rates,' London explained. That's a flexibility the average person earning a fixed paycheck simply does not have. Suggestions for the Middle Class So maybe you're not a millionaire — yet. You still can and should continue to invest. London suggested that the best strategy for long-term investment success for middle-income investors is as follows: Building a diversified investment portfolio Participating in frequent contributions Reducing fees Avoiding emotion-driven decisions As compelling as these millionaires' big moves may look at a distance, London warned that it's 'often counterproductive' for the middle class to try to replicate them. 'Time-tested and simple investment methods often provide the most predictable results.' More From GOBankingRates How Much Money Is Needed To Be Considered Middle Class in Your State? This article originally appeared on 6 Investing Moves That Benefit Millionaires, but Can Hurt the Middle Class Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Clearwater Analytics Strengthens Outlook Through Bloomberg Alliance and Analyst Support
Clearwater Analytics Holdings, Inc. (NYSE:CWAN) is one of the . The company witnesses its Buy rating maintained by analysts following a strategic partnership with Bloomberg. A wide shot of a large financial data center. Headquartered in Idaho, Clearwater Analytics Holdings, Inc. (NYSE:CWAN) offers a cloud-native SaaS platform for automated investment data aggregation, reconciliation, accounting, reporting, and analytics. The company's solutions support over $8.8 trillion in assets daily. In addition to insurers, asset managers, and corporates, the company also serves government clients. On July 9, 2025, Clearwater Analytics Holdings, Inc. (NYSE:CWAN) announced entering into a strategic partnership with Bloomberg to deliver a front-to-back investment solution using an open and modular approach for asset owners and asset managers. The partnership involves combining Bloomberg's front-office workflows with Clearwater's back-office accounting platform, thereby achieving efficiency in streamlining investment management operations. The collaboration with Bloomberg also places the company favorably in front-office Request for Proposal discussions. On June 11, 2025, Oppenheimer lowered the price target on the stock from $40 to $36 while maintaining an Outperform rating. Morgan Stanley reflects the sentiment by maintaining a Buy rating and a price target of $36. Investors interested in purchasing the stock must note the beta of Clearwater Analytics Holdings, Inc. (NYSE:CWAN), which currently stands at 0.73 alongside an EPS growth of 24.07% projected for the next 5 years. While we acknowledge the potential of CWAN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Metal Stocks with Insider Buying in 2025 and 10 Energy Stocks with Insider Buying in 2025 Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data