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	<title>Portfolio President | Vodafone share price: Technicals point to a jump to 135p as turnaround continues</title>
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	<title>Portfolio President | Vodafone share price: Technicals point to a jump to 135p as turnaround continues</title>
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		<title>Vodafone share price: Technicals point to a jump to 135p as turnaround continues</title>
		<link>https://portfoliopresident.com/2026/09/07/vodafone-share-price-technicals-point-to-a-jump-to-135p-as-turnaround-continues-2/</link>
		
		<dc:creator><![CDATA[Portfolio President]]></dc:creator>
		<pubDate>Mon, 07 Sep 2026 13:49:57 +0000</pubDate>
				<category><![CDATA[Stock]]></category>
		<guid isPermaLink="false">https://portfoliopresident.com/2026/09/07/vodafone-share-price-technicals-point-to-a-jump-to-135p-as-turnaround-continues-2/</guid>

					<description><![CDATA[Vodafone share price has done well in the past few years and is now hovering around its highest level since 2018 as the turnaround strategy pays off. VOD jumped after the management unveiled a plan to launch a TV service as it seeks to challenge...]]></description>
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<p class="wp-block-paragraph">Vodafone share price has done well in the past few years and is now hovering around its highest level since 2018 as the turnaround strategy pays off. VOD jumped after the management unveiled a plan to launch a TV service as it seeks to challenge its top rivals. It was trading at 125.10p, up by 130% from its lowest level in 2024.</p>
<h2 class="wp-block-heading">Vodafone turnaround strategy continues</h2>
<p class="wp-block-paragraph">Vodafone, a top telecommunications company, has been carrying out a major turnaround strategy in the past few years, and there are signs that it is paying off. It has sold some of its businesses and bought others.&nbsp;</p>
<p class="wp-block-paragraph">Its most significant transactions were selling Vodafone Italy and Vodafone Spain, transactions that helped it raise over €12 billion. Its goal was to leave the less profitable places and focus on its core markets like Germany and UK.&nbsp;</p>
<p class="wp-block-paragraph">At the same time, the company executed a major transaction in which it bought Three, a large UK company. This buyout created VodafoneThree, a top competitor to BT Group’s EE. It also bought a large stake in Safaricom, the biggest telecom company in Kenya.</p>
<p class="wp-block-paragraph">The company has also announced major layoffs as it sought to reduce costs and boosts profitability.&nbsp;</p>
<p class="wp-block-paragraph">Now, the company is considering launching a TV service in the UK as it seeks to compete with companies like Sky, BT, and Virgin 02. Its goal is to cross-sell the TV offering to its existing customers as it seeks to more than double its broadband service to over 4.3 million customers by 2034. The head of VodafoneThree said:</p>
<p class="wp-block-paragraph">“We need a TV offering to sell to our fixed broadband customer base, but also we’ve got a very large mobile customer base and TV is something our customers are asking for.”</p>
<p class="wp-block-paragraph">The challenge, however, is that moving into the TV industry will be an expensive situation, which explains why BT Group decided to sell part of its television business to Warner Bros Discovery. It is seeking to sell the remaining part of the business.</p>
<p class="wp-block-paragraph">The most recent results showed that Vodafone’s turnaround strategy was working, with its <a href="https://invezz.com/news/2026/07/27/heres-why-the-vodafone-share-price-is-rising-after-earnings/">revenue rising to €8.62 billion</a> in the first fiscal quarter. It jumped from €7.8 billion in the same period last year. This growth was driven by its African and Turkish operations.&nbsp;</p>
<p class="wp-block-paragraph">Germany, its biggest market, made €2.7 billion, up by 1.9% from the same period last year. Also, in the UK, its revenue rose to €1.98 billion.&nbsp;</p>
<h2 class="wp-block-heading">Vodafone share price technical analysis</h2>
<figure class="wp-block-image size-full"></figure>
<p class="wp-block-paragraph"><em>VOD stock chart | Source: TradingView</em></p>
<p class="wp-block-paragraph">The weekly chart shows that the Vodafone share price has been in a strong bull run in the past few months. It soared from a low of 54.62p in 2024 to a high of 125.20p. It moved to a high of 127p, its highest level since January 2018.</p>
<p class="wp-block-paragraph">Most recently, the stock jumped above the key resistance level of 119.75p, its highest level on May 11 this year. It has remained above the 50-day and 100-day Exponential Moving Averages (EMA).&nbsp;</p>
<p class="wp-block-paragraph">The Relative Strength Index (RSI) has moved above the neutral level of 50 and is pointing upwards. Therefore, the stock will likely continue rising, potentially to the key resistance level at 135.55p, its highest point in January 2018. More gains will be confirmed if it moves above that resistance level.</p>
<p>The post <a href="https://invezz.com/news/2026/09/07/vodafone-share-price-technicals-point-to-a-jump-to-135p-as-turnaround-continues/">Vodafone share price: Technicals point to a jump to 135p as turnaround continues</a> appeared first on <a href="https://invezz.com">Invezz</a></p>
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		<title>Lloyds share price forms a risky pattern as insiders sell, risky pattern forms</title>
		<link>https://portfoliopresident.com/2026/09/07/lloyds-share-price-forms-a-risky-pattern-as-insiders-sell-risky-pattern-forms-2/</link>
		
		<dc:creator><![CDATA[Portfolio President]]></dc:creator>
		<pubDate>Mon, 07 Sep 2026 13:49:51 +0000</pubDate>
				<category><![CDATA[Stock]]></category>
		<guid isPermaLink="false">https://portfoliopresident.com/2026/09/07/lloyds-share-price-forms-a-risky-pattern-as-insiders-sell-risky-pattern-forms-2/</guid>

					<description><![CDATA[Lloyds share price has crawled back in the past few days, moving from a low of 108.25p on September 1 to the current 112.75. It is hovering slightly below the year-to-date high of 117p, and is up by 33% from its lowest level this year....]]></description>
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<p class="wp-block-paragraph">Lloyds share price has crawled back in the past few days, moving from a low of 108.25p on September 1 to the current 112.75. It is hovering slightly below the year-to-date high of 117p, and is up by 33% from its lowest level this year. It has soared by 218% in the last five years, bringing its market capitalization to over £65 billion.</p>
<h2 class="wp-block-heading">Why Lloyds Bank has done well this year</h2>
<p class="wp-block-paragraph">LLOY shares have soared this year, helped by the ongoing rerating of European banks. Most European banks have soared in the past few months, with the closely watched iShares STOXX Europe 600 Banks ETF (EXV1) has jumped by 303% in the last five years and by 51% in the last 12 months. Other top UK banks, including the likes of Barclays, HSBC, and NatWest, have all jumped in these periods.&nbsp;</p>
<p class="wp-block-paragraph">In addition to the European bank rerating, Lloyds has done well because of the expectations that interest rates will remain at an elevated level for longer. The Bank of England (BoE) has left interest rates unchanged in the past few months, and Polymarket has a 55% chance that the bank will hike later this year. Banks often do well in a high-interest-rate environment because of the net interest margin.</p>
<p class="wp-block-paragraph">Additionally, the company has boosted its shareholder returns in the past few years. It has continued to repurchase its shares, with management announcing a $1 billion plan in the last quarter. It also <a href="https://invezz.com/news/2026/08/18/lloyds-share-price-flashes-diamond-reversal-bearish-divergence-what-next/">hiked its dividend by 30%</a>, bringing its dividend yield to 3.55%.&nbsp;</p>
<p class="wp-block-paragraph">Now, the company is focusing on Accelerate 2030 strategy, which targets £2 billion in gross cost savings between 2027 and 2030. Part of these savings will be because of its investments in artificial intelligence. At the same time, Charlie Nunn, the CEO, hopes to increase its return on tangible equity (RoTE) to 20% by 2030, up sharply from the current 13%.&nbsp;</p>
<p class="wp-block-paragraph">The company aims to achieve this growth by investing in the United States and Europe. Still, there is a risk that this approach will backfire, as other European banks that attempted to enter the US faced. Companies like Deutsche Bank and Barclays have had to pare back their US entry recently.</p>
<p class="wp-block-paragraph">Another risk for the stock is that its insiders are selling. The CFO has recently sold £10 million shares, possibly to book profits.&nbsp;</p>
<h2 class="wp-block-heading">Lloyds share price technical analysis</h2>
<figure class="wp-block-image size-full"></figure>
<p class="wp-block-paragraph"><em>LLOY stock chart | Source: TradingView</em></p>
<p class="wp-block-paragraph">The four-hour chart shows that the LLOY stock has come under pressure in the past few months. A closer look shows that it has formed a head-and-shoulders pattern, a common bearish reversal sign in technical analysis. This pattern often leads to a bearish reversal over time. It is now forming the right shoulder.</p>
<p class="wp-block-paragraph">Therefore, the stock may retreat and retest the lower side of the head-and-shoulders pattern at 108p. On the other hand, a move above the year-to-date high of 116.70 will point to more gains, potentially to 120p.</p>
<p>The post <a href="https://invezz.com/news/2026/09/07/lloyds-share-price-forms-a-risky-pattern-as-insiders-sell-risky-pattern-forms/">Lloyds share price forms a risky pattern as insiders sell, risky pattern forms</a> appeared first on <a href="https://invezz.com">Invezz</a></p>
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		<title>Wall Street is about to lose a $1.1 trillion buyer: why stocks could get bumpier</title>
		<link>https://portfoliopresident.com/2026/09/07/wall-street-is-about-to-lose-a-1-1-trillion-buyer-why-stocks-could-get-bumpier/</link>
		
		<dc:creator><![CDATA[Portfolio President]]></dc:creator>
		<pubDate>Mon, 07 Sep 2026 13:49:49 +0000</pubDate>
				<category><![CDATA[Stock]]></category>
		<guid isPermaLink="false">https://portfoliopresident.com/2026/09/07/wall-street-is-about-to-lose-a-1-1-trillion-buyer-why-stocks-could-get-bumpier/</guid>

					<description><![CDATA[One of Wall Street’s most dependable buyers is about to become less active. More than $1.1 trillion of announced corporate buyback authorisations had moved back into open repurchase windows through late August, helping support US equities during the summer rebound. But that support is set...]]></description>
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<p class="has-medium-font-size wp-block-paragraph">One of Wall Street’s most dependable buyers is about to become less active.</p>
<p class="has-medium-font-size wp-block-paragraph">More than $1.1 trillion of announced corporate buyback authorisations had moved back into open repurchase windows through late August, helping support US equities during the summer rebound. </p>
<p class="has-medium-font-size wp-block-paragraph">But that support is set to thin as companies enter pre-earnings blackout periods ahead of third-quarter results.</p>
<p class="has-medium-font-size wp-block-paragraph">The timing is awkward. <a href="https://invezz.com/news/2026/09/01/why-the-sp-500-could-defy-the-september-effect-this-year/">Retail buying typically weakens in September</a>, systematic investors have rebuilt exposure, and Treasury yields are again challenging equity valuations.</p>
<h2 class="wp-block-heading">Wall Street’s corporate buying machine is about to slow</h2>
<p class="has-medium-font-size wp-block-paragraph">Corporate buybacks matter because companies repurchasing their own shares provide steady demand that is less sensitive to daily market swings.</p>
<p class="has-medium-font-size wp-block-paragraph">Citadel Securities said more than $1.1 trillion of announced buyback authorisations had returned to open windows by August 27. </p>
<p class="has-medium-font-size wp-block-paragraph">Importantly, 67% of the largest authorised programmes this year came from outside technology, showing support extended beyond Big Tech.</p>
<p class="has-medium-font-size wp-block-paragraph">That cushion will shrink through September.</p>
<p class="has-medium-font-size wp-block-paragraph">Citadel strategist Scott Rubner said blackout periods begin accelerating around September 12, meaning “one of the market’s largest and most consistent sources of structural demand” becomes progressively smaller as the month advances.</p>
<p class="has-medium-font-size wp-block-paragraph">Companies do not become sellers during blackout periods. They simply stop providing some incremental buying that has helped absorb weakness.</p>
<p class="has-medium-font-size wp-block-paragraph">Citadel also found average retail net buying on S&amp;P 500 down days in September has historically been roughly half the all-month average since 2019.</p>
<h2 class="wp-block-heading">Even the buyback boom underneath the market is changing</h2>
<p class="has-medium-font-size wp-block-paragraph">Corporate America is still returning enormous amounts of money to shareholders, but the composition is shifting.</p>
<p class="has-medium-font-size wp-block-paragraph">Neuberger Berman said S&amp;P 500 companies repurchased a record $1.10 trillion of stock during the 12 months through June.</p>
<p class="has-medium-font-size wp-block-paragraph">The biggest AI capital spenders cut buybacks 32% to $85 billion as data-centre spending increased. Financial companies moved the other way, lifting repurchases to a record $287 billion.</p>
<p class="has-medium-font-size wp-block-paragraph">Neuberger Berman associate portfolio manager Rebekah McMillan said the “marginal buyer of US equities is now more cyclical and more credit-sensitive.”</p>
<p class="has-medium-font-size wp-block-paragraph">That distinction matters as buybacks funded by hyperscalers with enormous free cash flow can be relatively dependable. Bank repurchases are more exposed to earnings, credit losses, regulation and capital requirements.</p>
<p class="has-medium-font-size wp-block-paragraph">Neuberger also said the tailwind from shrinking share counts is fading among some of the largest index constituents, even as buyback support broadens down the market.</p>
<h2 class="wp-block-heading">Higher Treasury yields make the timing more uncomfortable</h2>
<p class="has-medium-font-size wp-block-paragraph">The blackout period would matter less if the macro backdrop were calm.</p>
<p class="has-medium-font-size wp-block-paragraph">Instead, the 10-year Treasury yield recently moved towards 4.8% as investors weighed inflation, <a href="https://invezz.com/news/2026/09/07/brent-edges-toward-100-as-hormuz-shipping-data-point-to-tighter-crude-flows/">higher oil prices </a>and renewed expectations for tighter Federal Reserve policy.</p>
<p class="has-medium-font-size wp-block-paragraph">Evercore ISI strategist Julian Emanuel told Barron’s that a 10-year yield of 4.75% or higher has historically been “noxious to stocks” during the current bull market, prompting a defensive near-term stance.</p>
<p class="has-medium-font-size wp-block-paragraph">The earnings season that powered the summer rally is fading. Corporate buybacks are becoming less available, retail dip-buying is seasonally weaker and much of the systematic buying capacity rebuilt after July’s sell-off has been deployed.</p>
<p class="has-medium-font-size wp-block-paragraph">None of those factors guarantees a correction, but together they mean the market may have fewer automatic buyers if another macro surprise triggers selling.</p>
<p>The post <a href="https://invezz.com/news/2026/09/07/wall-street-is-about-to-lose-a-1-1-trillion-buyer-why-stocks-could-get-bumpier/">Wall Street is about to lose a $1.1 trillion buyer: why stocks could get bumpier</a> appeared first on <a href="https://invezz.com">Invezz</a></p>
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		<title>Nike (NKE) Lost $220 Billion and Its Spot Among…</title>
		<link>https://portfoliopresident.com/2026/09/07/nike-nke-lost-220-billion-and-its-spot-among/</link>
		
		<dc:creator><![CDATA[Portfolio President]]></dc:creator>
		<pubDate>Mon, 07 Sep 2026 13:49:46 +0000</pubDate>
				<category><![CDATA[Popular]]></category>
		<guid isPermaLink="false">https://portfoliopresident.com/2026/09/07/nike-nke-lost-220-billion-and-its-spot-among/</guid>

					<description><![CDATA[Nike (NYSE: NKE) is being removed from the S&#38;P 100 index before US markets open on Monday, September 21, ending a run in the mega-cap gauge that stretched back roughly 18 years. The stock closed around $38 on Friday, down about 40% this year and...]]></description>
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<p>Nike (NYSE: NKE) is being removed from the S&amp;P 100 index before US markets open on Monday, September 21, ending a run in the mega-cap gauge that stretched back roughly 18 years. The stock closed around $38 on Friday, down about 40% this year and roughly 78% from its late-2021 peak, a collapse that has erased more than $220 billion in market value and dropped the world&#8217;s most recognizable sportswear brand out of the top tier of American companies by size.</p>
<p><a href="https://press.spglobal.com/2026-09-04-Bloom-Energy,-Illumina,-and-Everpure-Set-to-Join-S-P-500-Others-to-Join-S-P-100,-S-P-MidCap-400,-and-S-P-SmallCap-600">S&amp;P Dow Jones Indices confirmed</a> in its quarterly rebalance that Nike leaves alongside Honeywell Aerospace, Simon Property Group and Colgate-Palmolive, and that the four seats go to Dell Technologies, Palo Alto Networks, Arista Networks and SanDisk, every one a technology company. A consumer icon, a mall operator and two mature industrials are out; servers, cybersecurity, cloud networking and AI memory are in.</p>
 <em>Nike shares have fallen from a peak near $180 in late 2021 to about $38, a decline of roughly 78%. Source: <a href="https://www.tradingview.com/chart/eJbvO7Ap/?symbol=NYSE%3ANKE">TradingView</a>.</em>
<h2>The NKE Stock Fall: Roughly $220 Billion Erased</h2>
<p>Nike&#8217;s exit caps one of the steepest declines among large US consumer companies this cycle. The stock has fallen about 78% from its late-2021 peak near $180, and its market value has dropped from roughly $280 billion at that high to about $57 billion now, according to TradingView data. That contraction is what pushed Nike below the size threshold the S&amp;P 100 is built to capture, and it is the consequence of years of business decline rather than a fresh cause of anything. The index change formalizes what the share price had already made clear.</p>
<p>The scale of the drawdown is easier to grasp against where Nike sat five years ago. In late 2021 it was a roughly $280 billion company, larger than most of the S&amp;P 500 and a fixture near the top of every consumer-sector ranking. The stock now trades at levels last seen more than a decade ago, and the market value that remains would place it well down the league table of US large caps rather than among the mega-caps the S&amp;P 100 is designed to hold. A fall of this depth in a brand this established is rare, which is part of why the removal drew the attention it did, even though the mechanics of the index change are modest.</p>
<h2>Why Nike Fell: Direct-to-Consumer, China, and New Rivals</h2>
<p>Nike&#8217;s fiscal 2026 results showed revenue of $46.4 billion, essentially flat and down 2% on a currency-neutral basis, <a href="https://www.ibtimes.co.uk/nike-market-value-plunge-sp100-exit-2026-1818105">per financial disclosures reported by IBTimes</a>. The weakness sat in the parts of the business Nike had bet on: Nike Direct revenue fell 6%, Nike Brand Digital fell 12%, and Converse dropped 31%, while traditional wholesale revenue actually rose 6%. That pattern reflects the unwinding of a direct-to-consumer strategy that pulled Nike away from retail partners to sell more through its own apps and stores, a bet that left it exposed when its own channels slowed and the wholesale shelves it had walked away from were harder to win back.</p>
<p>Greater China, once Nike&#8217;s most reliable growth engine, has been a persistent drag amid weaker consumer spending and stronger local competition. At home and across running and training, newer performance brands such as Hoka and On have taken share Nike long treated as unassailable, forcing it to compete on innovation in categories it used to define. Chief executive Elliott Hill&#8217;s turnaround, rebuilding wholesale relationships and clearing inventory, is the effort investors are now watching, and the index removal lands in the middle of it.</p>
<h3>Investor Takeaway</h3>
<div style="background: #f9f9f9;border-left: 4px solid #ff9900;padding: 12px;margin: 16px 0">
<p data-pm-slice="0 0 []">The fall is a business story, not an index story: revenue is flat, Nike Direct and Digital are shrinking, and Greater China remains weak, so the turnaround under Elliott Hill, not the rebalance, is what decides where the stock goes next.</p>
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<h2>Why the Removal Matters Less Than It Looks</h2>
<p>The S&amp;P 100, or OEX, is tracked by a modest set of funds, a few billion dollars of assets, against the trillions benchmarked to the S&amp;P 500, so the mechanical selling triggered by Nike&#8217;s exit is minor, especially given how small its index weight had already become. A stock leaving the S&amp;P 500 would force widespread, automatic selling from the vast pool of funds that replicate it; leaving the much smaller S&amp;P 100 does not carry anything close to that weight.</p>
<p>Forbes framed the exit as one that <a href="https://www.forbes.com/sites/jimosman/2026/09/06/nike-stock-fell-78-and-sp-100-exit-may-mark-capitulation/">may mark a capitulation</a> point after years of decline, a view worth attributing rather than asserting, since an index change tells you where a stock has been, not where it is going. For long-term holders, the more useful read is that the removal formalizes what the share price already showed, and the turnaround under Elliott Hill, not the rebalance, will decide what comes next. The date to watch is not September 21 but Nike&#8217;s next earnings, where the evidence of whether the wholesale rebuild and inventory cleanup are working will actually show up.</p>
<h2>Who&#8217;s Moving In: SanDisk and the AI Swap</h2>
<p>The clearest way to read the rebalance is through the company taking one of Nike&#8217;s seats. SanDisk (NASDAQ: SNDK), the flash-memory maker spun out of Western Digital last year, jumped 11.9% to about $1,740 and is <a href="https://www.tradingview.com/symbols/NASDAQ-SNDK/">up more than 600% this year</a>, on booming AI data center demand that lifted its NAND flash revenue roughly 70% quarter-on-quarter, with hedge fund holdings in the stock rising 125% in the second quarter.</p>
<p>SanDisk now carries a market value near $255 billion, more than four times Nike&#8217;s, so the company joining the index is worth roughly quadruple the icon leaving it. FinanceFeeds&#8217; own <a href="https://financefeeds.com/sandisk-sndk-stock-prediction-2650-bull-780-bear/">SanDisk $2,650 bull versus $780 bear breakdown</a> cautions that a stock trading near 10 times forward earnings after a run that large carries late-cycle memory risk, so the enthusiasm is not without a counterweight.</p>
 <em>SanDisk, joining the S&amp;P 100, is worth about four times Nike, which is leaving it, a snapshot of capital rotating from consumer brands to AI infrastructure. Data: TradingView / company filings, as of September 5 · Chart: FinanceFeeds.</em>
<p>The swap is the index-level version of a rotation playing out across the market. All four names leaving the S&amp;P 100 are mature businesses in mature industries, and all four arriving sit in chips, cloud, cybersecurity and storage, the infrastructure of the AI build-out. The same shift of capital toward that build-out is visible in the corporate cost cuts documented in the <a href="https://financefeeds.com/2026-tech-layoffs-tally-by-company/">2026 tech layoffs tally</a>, where companies have trimmed payroll while pouring record sums into data centers and chips, the spending that names like SanDisk, Arista and Dell now supply. Nike&#8217;s exit is one data point; the direction of the whole rebalance is the signal.</p>
<h3>Investor Takeaway</h3>
<div style="background: #f9f9f9;border-left: 4px solid #ff9900;padding: 12px;margin: 16px 0">
<p data-pm-slice="0 0 []">The rebalance swaps four consumer and industrial names for four AI-infrastructure names, so the signal to watch is not Nike&#8217;s exit itself but the rotation it marks, with the incoming SanDisk worth about four times the outgoing Nike.</p>
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		<title>The SEC Order Everyone Read as “XRP and Solana Are…</title>
		<link>https://portfoliopresident.com/2026/09/07/the-sec-order-everyone-read-as-xrp-and-solana-are/</link>
		
		<dc:creator><![CDATA[Portfolio President]]></dc:creator>
		<pubDate>Mon, 07 Sep 2026 13:49:44 +0000</pubDate>
				<category><![CDATA[Popular]]></category>
		<guid isPermaLink="false">https://portfoliopresident.com/2026/09/07/the-sec-order-everyone-read-as-xrp-and-solana-are/</guid>

					<description><![CDATA[An SEC document that circulated over the weekend as proof that regulators had formally classified XRP, Solana, Bitcoin and Ether as commodities does not do that. The order, Release No. 34-106268, dated September 3, approves a change to the listing standards of a single exchange,...]]></description>
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<p>An SEC document that circulated over the weekend as proof that regulators had formally classified XRP, Solana, Bitcoin and Ether as commodities does not do that. The order, <a href="https://www.sec.gov/files/rules/sro/nasdaqtx/2026/34-106268.pdf">Release No. 34-106268</a>, dated September 3, approves a change to the listing standards of a single exchange, Nasdaq Texas, and the four cryptocurrencies appear inside a worked arithmetic example showing how a new 15% holdings buffer is calculated. This is a rulemaking-and-comment notice, not breaking news and not a federal classification, and the gap between what it says and how it was reported is the reason it is worth explaining.</p>
<p>The document approves, on an accelerated basis, a proposal Nasdaq Texas filed on August 20 to amend its Rule 5711(d), the generic listing standards for commodity-based trust shares. The change lets these products hold a small share of assets that would not otherwise qualify, adds a definition for &#8220;digital commodity,&#8221; and permits actively managed strategies. It is materially identical to changes the SEC already approved for Nasdaq, NYSE Arca and Cboe in July, so it extends an existing framework rather than breaking new ground.</p>
<h2>Where the Four Coins Actually Appear</h2>
<p>The order describes a hypothetical trust that holds &#8220;$95 million in market value of Bitcoin, Ether, Solana, and XRP, which all presently qualify as eligible commodities under Rule 5711(d)(iv)(A)(2) and (3).&#8221; The phrase &#8220;eligible commodities&#8221; is doing narrow, technical work. It means only that each coin meets that exchange&#8217;s listing test, which the order spells out: the asset &#8220;underlies a futures contract that has been trading on an ISG market for at least 6 months, and has an ETF&#8221; providing at least 40% economic exposure.</p>
<p>That is a market-surveillance standard, designed so the exchange can obtain trading information and monitor the shares for fraud and manipulation. It says nothing about how the four assets are classified under federal law, which is a separate question the order never addresses, and one that sits at the center of the wider <a href="https://financefeeds.com/xrp-and-the-sec/">fight over XRP&#8217;s regulatory status</a>. The headlines that turned an exchange eligibility criterion into a federal commodity ruling read a worked example as a legal determination.</p>
<h3>Investor Takeaway</h3>
<div style="background: #f9f9f9;border-left: 4px solid #ff9900;padding: 12px;margin: 16px 0">
<p data-pm-slice="0 0 []">Eligible commodities&#8221; here means the four coins meet one Texas exchange&#8217;s listing test, a futures-plus-ETF surveillance standard, so the order confirms nothing about their status under federal securities law and should not be read as reclassifying XRP or Solana.</p>
</div>
<h2>The 15% Buffer and Why It Is Provisional</h2>
<p>Under the amended rule, at least 85% of a trust&#8217;s net asset value must consist of eligible commodities, qualifying securities, or cash and cash equivalents, while up to 15% may be assets that do not meet the criteria, a slice the order limits to &#8220;digital commodities&#8221; and non-qualifying securities. Non-fungible assets and collectibles are excluded, and the sponsor must check compliance daily and notify the exchange promptly on any breach. That structure is what makes the standard matter to issuers racing to launch multi-asset crypto funds, the same competitive push visible in <a href="https://financefeeds.com/canary-capital-just-raised-the-stakes/">Canary Capital&#8217;s recent XRP ETF filing</a>.</p>
<p>The definition of &#8220;digital commodity&#8221; is where this connects to the bigger regulatory question. The order states the definition is &#8220;informed by the joint interpretative guidance issued by the SEC and the CFTC, effective March 23, 2026,&#8221; and that the exchange &#8220;will submit a rule filing to conform the definition&#8221; to any statutory definition later enacted. That points directly at the <a href="https://financefeeds.com/xrp-price-clarity-act-september-15-vote/">CLARITY Act cloture vote scheduled for September 15</a>, which would create the federal market-structure definition this exchange rule is standing in for. Until that happens, the classification here is provisional and exchange-level.</p>
<h2>The SEC Comment Window</h2>
<p>Because the SEC granted approval and opened comment at the same time, the order is live for public input. The exact deadline, though, is not yet set: the order carries a bracketed placeholder reading &#8220;21 days after date of publication in the Federal Register,&#8221; and that notice has not published yet. So the comment window runs for 21 days after Federal Register publication, a date that does not exist until the notice appears, and any specific calendar date circulating now is invented.</p>
<p>None of this changes the assets themselves, which trade on their own dynamics rather than on a listing rule, with XRP around $1.40 and Solana near $105 as of this publication, according to <a href="https://www.tradingview.com/markets/cryptocurrencies/prices-all/">TradingView</a>. The demand backdrop that actually moves them shows up in the <a href="https://financefeeds.com/bitcoin-etfs-add-175-million-as-crypto-funds-close-week-with-206-million-inflows/">running crypto ETF flow data</a>, not in an exchange&#8217;s buffer arithmetic. The order changes how certain funds may be listed; it does not change what the coins are or how they are regulated.</p>
<h3>Investor Takeaway</h3>
<div style="background: #f9f9f9;border-left: 4px solid #ff9900;padding: 12px;margin: 16px 0">
<p data-pm-slice="0 0 []">The order is an exchange listing-standard change with a 15% buffer, not a federal classification of XRP or Solana, so the real catalyst for any statutory commodity definition remains the September 15 CLARITY Act vote, not this document.</p>
</div>
<p></p>
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		<title>Securitize and Socios Plan Tokenized Sports-Team Equity</title>
		<link>https://portfoliopresident.com/2026/09/07/securitize-and-socios-plan-tokenized-sports-team-equity/</link>
		
		<dc:creator><![CDATA[Portfolio President]]></dc:creator>
		<pubDate>Mon, 07 Sep 2026 13:49:43 +0000</pubDate>
				<category><![CDATA[Popular]]></category>
		<guid isPermaLink="false">https://portfoliopresident.com/2026/09/07/securitize-and-socios-plan-tokenized-sports-team-equity/</guid>

					<description><![CDATA[Securitize and Socios.com have agreed to develop regulated tokenized equity offerings representing minority interests in professional sports teams. The announcement describes a framework for future offerings, not a completed issuance: no team, valuation, token price, launch date or investor terms have been disclosed. The proposed...]]></description>
										<content:encoded><![CDATA[</p>
<p>Securitize and Socios.com have agreed to develop regulated tokenized equity offerings representing minority interests in professional sports teams. The <a href="https://securitize.io/learn/press/securitize-socios-tokenized-equity-sports-teams">announcement</a> describes a framework for future offerings, not a completed issuance: no team, valuation, token price, launch date or investor terms have been disclosed.</p>
<p>The proposed products would use the Socios Equity Token name and remain subject to securities laws, league requirements, club approvals and jurisdictional restrictions. Securitize would handle regulated issuance, investor onboarding, ownership records, transfer controls and servicing through its applicable affiliates. Socios would manage sports-industry relationships and the fan-facing layer.</p>
<p>The companies expect the first project to use Securitize&#8217;s authorised European trading and settlement system under the European Union&#8217;s DLT Pilot Regime. They have not said which blockchain would support the offering or when regulators and a participating league might approve it.</p>
<h2>Equity Tokens Are Not Fan Tokens</h2>
<p>The legal distinction is central to the proposal. Socios&#8217; existing Fan Tokens are designed around engagement and utility. The planned equity tokens would represent regulated financial interests and would be governed by offering documents, securities rules and ownership restrictions.</p>
<p>Buying an equity token could therefore carry economic or governance rights, but the announcement does not define them. It does not say whether holders would receive voting rights, dividends, information rights, proceeds from a sale of the club or protection against dilution. Those terms would have to be set for each team and offering.</p>
<p>The separation also limits what can be inferred from Socios&#8217; existing network. The company says it has worked with more than 70 sports organisations, including Arsenal, Barcelona, Manchester City and Paris Saint-Germain. None of those organisations is identified as an equity-token participant in the announcement.</p>
<h2>The Partnership Still Needs Clubs and League Approval</h2>
<p>Professional sports ownership is constrained by more than securities regulation. Leagues can restrict who may own an interest, the size and transferability of minority stakes, and the information available to outside investors. Clubs and existing owners would also need to agree on valuation and governance.</p>
<p>Securitize and Socios acknowledge those dependencies by making the initiative subject to league and club approval. The companies say global professional sports franchises are worth an estimated $500 billion in aggregate, but that large addressable-market estimate does not establish how much equity owners are willing or permitted to tokenize.</p>
<p>Minority stakes can also be difficult to value. They may lack control rights, have limited buyers and trade at discounts to headline franchise valuations. Putting a security on a blockchain can improve recordkeeping and transfer processing, but it does not guarantee active secondary trading or eliminate the economic discount attached to a restricted minority interest.</p>
<h2>What Securitize Would Provide</h2>
<p>Securitize&#8217;s role is to connect the token to regulated securities infrastructure. That includes identity checks, investor eligibility, ownership administration and controls that prevent prohibited transfers. FinanceFeeds has followed the company as it has expanded this stack through <a href="https://financefeeds.com/securitize-gains-sec-adviser-status-to-expand-tokenized-investment-strategies/">US investment-adviser registration</a> and plans for <a href="https://financefeeds.com/securitize-to-launch-24-7-onchain-trading-for-real-public-stocks-in-2026/">round-the-clock onchain stock trading</a>.</p>
<p>The sports project also fits a broader push to connect token issuance with trading venues. Securitize has announced work with the <a href="https://financefeeds.com/nyse-taps-securitize-to-build-blockchain-based-stock-trading-platform/">New York Stock Exchange on blockchain-based stock infrastructure</a> and partnerships aimed at <a href="https://financefeeds.com/securitize-partners-with-jump-trading-and-jupiter-to-launch-tokenized-equities-on-solana/">tokenized equities on Solana</a>.</p>
<p>Those precedents show that issuance technology is only one layer. A usable product also needs approved disclosure, custody arrangements, cash and settlement rails, market access and enough buyers and sellers to support price discovery.</p>
<h2>Liquidity Is the Unanswered Question</h2>
<p>The partnership presents tokenization as a way to expand distribution and improve access and price discovery. That is a stated objective rather than an observed result. Neither company has named a market maker, minimum order size, trading schedule or mechanism for matching buyers and sellers.</p>
<p>Investor eligibility may narrow the initial audience. The release refers to eligible fans as well as institutional and private-equity investors, but it does not say whether retail buyers will be admitted. The first European project will have to operate within the permissions and limits of the DLT Pilot framework and any rules imposed by the relevant league.</p>
<p>There is also no information on fees, custody, redemption, lockups or geographic availability. Those omissions are normal before a specific offering is approved, but they mean investors cannot yet compare the planned tokens with conventional private shares, listed sports companies or existing fan products.</p>
<h2>What Would Turn the Plan Into a Product</h2>
<p>The next meaningful announcement would identify a club and the rights attached to its token. Investors would then need the offering size, valuation method, ownership percentage, voting and dividend provisions, transfer restrictions, custody model and secondary-market arrangements.</p>
<p>Securitize&#8217;s approximately $5 billion in reported assets under management and Socios&#8217; sports relationships give the partnership infrastructure and distribution. They do not remove the approvals required from owners, leagues and regulators.</p>
<p>For now, the deal creates a route through which sports equity could be issued and serviced onchain. It does not yet create a security that a fan or institution can buy. That boundary is the most important fact in the announcement, particularly as <a href="https://financefeeds.com/securitize-stumbles-as-wall-street-loses-patience/">public-market investors scrutinise Securitize&#8217;s execution</a> as closely as its pipeline.</p>
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		<title>CHFJPY Slide Accelerates to 189.25 After Channel Breakdown…</title>
		<link>https://portfoliopresident.com/2026/09/07/chfjpy-slide-accelerates-to-189-25-after-channel-breakdown/</link>
		
		<dc:creator><![CDATA[Portfolio President]]></dc:creator>
		<pubDate>Mon, 07 Sep 2026 13:49:40 +0000</pubDate>
				<category><![CDATA[Investing]]></category>
		<guid isPermaLink="false">https://portfoliopresident.com/2026/09/07/chfjpy-slide-accelerates-to-189-25-after-channel-breakdown/</guid>

					<description><![CDATA[CHFJPY currency pair can be expected to fall further to the next support level 189.25 (target price for the completion of the active intermediate impulse wave (C)) CHFJPY broke support zone Likely to fall to support level 189.25 CHFJPY currency pair falling sharply after the...]]></description>
										<content:encoded><![CDATA[</p>
<p><strong>CHFJPY currency pair can be expected to fall further to the next support level 189.25 (target price for the completion of the active intermediate impulse wave (C))</strong></p>
<ul>
<li>CHFJPY broke support zone</li>
<li>Likely to fall to support level 189.25</li>
</ul>
<p><a href="https://financefeeds.com/chfjpy-crashes-below-key-support-eyes-192-00-3-august-2026/">CHFJPY currency pai</a>r falling sharply after the price previously broke through the support zone lying at the intersection of the zone level 192.80 (which has been reversing the price from last November, as can be seen from the daily CHFJPY chart below) and the support trendline of the daily down channel from the start of June. The breakout of this support zone accelerated the active minor impulse wave 3 of the intermediate impulse wave (C) from the end of August.</p>
<p>Given the strongly bullish yen sentiment seen across the FX markets today, CHFJPY currency pair can be expected to fall further to the next support level 189.25 (target price for the completion of the active intermediate impulse wave (C)).</p>
<p><em>The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. </em></p>
<p><em>The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.</em></p>
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		<title>Global FX Market Summary: Hawkish BoJ, US Jobs Surge, and…</title>
		<link>https://portfoliopresident.com/2026/09/07/global-fx-market-summary-hawkish-boj-us-jobs-surge-and/</link>
		
		<dc:creator><![CDATA[Portfolio President]]></dc:creator>
		<pubDate>Mon, 07 Sep 2026 13:49:37 +0000</pubDate>
				<category><![CDATA[Investing]]></category>
		<guid isPermaLink="false">https://portfoliopresident.com/2026/09/07/global-fx-market-summary-hawkish-boj-us-jobs-surge-and/</guid>

					<description><![CDATA[Hawkish BoJ expectations, strong US employment data, and escalating energy-driven geopolitical tensions are shaping current global financial markets. Aggressive Bank of Japan Policy Shift Drives Yen Upward Expectations surrounding Japanese monetary policy have undergone a sharp hawkish repricing, exerting heavy downward pressure on the USD/JPY...]]></description>
										<content:encoded><![CDATA[</p>
<p>Hawkish BoJ expectations, strong US employment data, and escalating energy-driven geopolitical tensions are shaping current global financial markets.</p>
<p><strong>Aggressive Bank of Japan Policy Shift Drives Yen Upward </strong></p>
<p>Expectations surrounding Japanese monetary policy have undergone a sharp hawkish repricing, exerting heavy downward pressure on the USD/JPY pair. Analysts highlight that even traditionally dovish voices within Japanese economic circles now anticipate the <a href="https://financefeeds.com/bank-of-japan-tests-blockchain-settlement/">Bank of Japan</a> to deliver a rate hike at its upcoming September meeting, with additional tightening possible early next year. This prospective policy shift has powered a strong rally in the Japanese Yen, causing USD/JPY to pierce support at the 155.00 neckline and test levels near 14-year lows last seen in February. Institutional portfolio realignments, such as Norges Bank Investment Management shifting allocations out of US Treasuries and into Japanese government bonds, further underscore a broader structural rotation in favor of the Yen.</p>
<p><strong>Robust US Employment Data Keeps Federal Reserve Rate Hikes on the Table </strong></p>
<p>The US macroeconomic landscape remains dominated by a surprisingly resilient labor market that continues to challenge dovish policy assumptions. August Nonfarm Payrolls surged past expectations by adding 162,000 jobs—nearly triple consensus forecasts—while the unemployment rate held steady at 4.1 percent. This robust performance has cemented market pricing for a potential Federal Reserve rate hike at its mid-September meeting. Although the US Dollar has faced temporary headwinds from domestic debt concerns and volatile safe-haven flows, the overarching narrative of a strong labor sector and looming inflation data releases, including the upcoming CPI and PPI reports, keeps the Greenback supported against a backdrop of elevated global borrowing costs.</p>
<p><strong>Geopolitical Tensions and Energy Shocks Stoke Global Inflation Anxieties </strong></p>
<p>Global markets are navigating heightened inflationary headwinds driven by a potent mix of geopolitical conflict and surging energy costs. Escalating military clashes between the United States and Iran around the Strait of Hormuz have pushed crude oil and diesel crack spreads to extreme highs, stoking fears of a renewed energy shock. These elevated energy prices complicate the global economic outlook, increasing the opportunity cost of holding non-yielding safe-haven assets like gold and posing severe headwinds for net energy-importing regions. Consequently, major central banks—including the European Central Bank and the Federal Reserve—are heavily pressured to maintain restrictive monetary stances well into the future to combat persistent price pressures.</p>
<p><strong>Top upcoming economic events:</strong></p>
<p>On <strong>09/07/2026 23:50:00</strong>, the <strong>Gross Domestic Product (QoQ)</strong> release for Japan serves as a primary high-impact gauge of the country&#8217;s quarterly economic growth trajectory, directly influencing Bank of Japan policy decisions and short-term JPY volatility.</p>
<p>On <strong>09/08/2026 13:15:00</strong>, the <strong>BoE Monetary Policy Report Hearings</strong> brings high-impact scrutiny as central bank officials testify before lawmakers, providing critical forward-looking clues regarding UK interest rate paths and pound sterling valuations.</p>
<p>On <strong>09/09/2026 01:30:00</strong>, the <strong>Consumer Price Index (YoY)</strong> report for China acts as a high-impact metric tracking consumer inflation trends in the world&#8217;s second-largest economy, heavily swaying risk sentiment and regional commodity-linked currencies like the AUD and NZD.</p>
<p>On <strong>09/07/2026 23:30:00</strong>, the <strong>Labor Cash Earnings (YoY)</strong> data for Japan provides a medium-impact read on wage growth momentum, which is a core prerequisite closely watched by the central bank for sustaining domestic inflation pressures.</p>
<p>On <strong>09/07/2026 23:50:00</strong>, the <strong>Current Account n.s.a.</strong> report for Japan offers a medium-impact overview of the nation&#8217;s net trade and investment income flows, reflecting external economic balance and structural yen demand.</p>
<p>On <strong>09/08/2026 00:30:00</strong>, the <strong>Westpac Consumer Confidence</strong> index for Australia gauges medium-impact household sentiment regarding future economic conditions, shaping expectations for retail spending and Reserve Bank of Australia policy.</p>
<p>On <strong>09/08/2026 03:00:00</strong>, the <strong>Trade Balance USD</strong> release for China supplies a medium-impact snapshot of the country&#8217;s net export surplus in dollar terms, offering vital insights into global manufacturing demand and international trade health.</p>
<p>On <strong>09/08/2026 06:00:00</strong>, the <strong>Trade Balance s.a.</strong> report for the Eurozone measures the seasonally adjusted net difference in value between exported and imported goods across member nations, serving as a medium-impact indicator of regional economic competitiveness.</p>
<p>On <strong>09/08/2026 12:15:00</strong>, the <strong>ADP Employment Change 4-week average</strong> for the United States delivers a medium-impact private sector labor market trend tracker that helps traders position themselves ahead of broader official employment statistics.</p>
<p>On <strong>09/08/2026 15:00:00</strong>, the <strong>ECB&#8217;s Elderson speech</strong> features commentary from a key European Central Bank official, providing medium-impact verbal guidance on monetary policy outlooks and economic conditions within the Eurozone.</p>
<p><em> The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. </em></p>
<p><em>The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.</em></p>
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		<title>Disney shuts down online store in major retail pullback</title>
		<link>https://portfoliopresident.com/2026/09/07/disney-shuts-down-online-store-in-major-retail-pullback/</link>
		
		<dc:creator><![CDATA[Portfolio President]]></dc:creator>
		<pubDate>Mon, 07 Sep 2026 13:49:35 +0000</pubDate>
				<category><![CDATA[Editor's Pick]]></category>
		<guid isPermaLink="false">https://portfoliopresident.com/2026/09/07/disney-shuts-down-online-store-in-major-retail-pullback/</guid>

					<description><![CDATA[The Walt Disney Company is pulling back from another part of its business, marking a significant change for customers in several markets. The move follows years of changes to Disney&#x2019;s retail footprint, including the closure of hundreds of physical stores and a greater emphasis on...]]></description>
										<content:encoded><![CDATA[<p>The Walt Disney Company is pulling back from another part of its business, marking a significant change for customers in several markets.</p>
<p>The move follows years of changes to Disney&#x2019;s retail footprint, including the closure of hundreds of physical stores and a greater emphasis on other ways of selling its merchandise.</p>
<p>Now, another piece of that strategy is coming to an end, although Disney has not explained why it is making the latest change.</p>
<p>In 1996, Disney launched the Disney Store website, marking the official entry of The Walt Disney Company into e-commerce.</p>
<h2>Disney is closing its online Disney Store</h2>
<p><a href="https://www.thestreet.com/travel/a-beloved-disney-theme-park-ride-is-changing-forever">The Walt Disney Company</a> (DIS) is shutting down its Disney Store websites serving Australia, New Zealand, Singapore, and Malaysia.</p>
<p>Customers in those markets will have until Sept. 30, 2026, to place orders. The affected websites will then cease operations at the end of the day, with the Australia and New Zealand storefront officially closing on Oct. 1 local time.</p>
<p>Disney Store Australia and New Zealand are served through DisneyStore.com.au, while customers in Singapore and Malaysia use DisneyStore.asia.</p>
<p><a href="https://www.thestreet.com/travel/disney-world-reveals-details-about-a-new-themed-land-fans-will-love">Disney</a> has notified customers that orders placed by the Sept. 30 deadline will continue to be fulfilled. Sold-out products are not expected to be restocked before the closure, while existing return windows and product support policies will continue to be honored after the websites shut down.</p>
<p>The company alerted customers through an &#x201C;Important Update&#x201D; message on the affected Disney Store websites.</p>
<p>Although the online storefronts are closing, <a href="https://www.thestreet.com/entertainment/disney-and-mickey-mouse-take-on-formula-1">Disney merchandise</a> will remain available through authorized retailers in Australia, New Zealand, Singapore, and Malaysia. The company has also confirmed that the closure does not affect its Disney Store websites in other markets, including the U.S., U.K., Japan, China, South Korea, the Philippines, and the Middle East.</p>
<p><a href="https://www.thestreet.com/travel/disney-world-reveals-troubling-2027-price-hikes-theme-park-tickets">Disney</a> has not publicly provided a specific reason for ending online Disney Store operations in these four markets.</p>
<figure><figcaption>Disney shuts down its online store operations across several international markets.</p>
<p><a href="https://www.gettyimages.com/detail/1464595285">VIEW press / Getty Images</a></p>
</figcaption></figure>
<h2>Disney has reduced its Disney Store physical retail footprint</h2>
<p>The online shutdown comes after years of reductions to Disney&#x2019;s brick-and-mortar <a href="https://www.thestreet.com/retail/harvey-nichols-dublin-store-closure">retail presence</a>.</p>
<p>In 2021, Disney shared plans to close at least 60 Disney Store locations in the U.S. and Canada as it shifted its focus more toward <a href="https://www.thestreet.com/retail/this-latin-american-e-commerce-giant-is-beating-amazon-mercadolibre">e-commerce</a>. The company ultimately shuttered dozens of North American locations as part of the broader restructuring of its retail business.</p>
<p><strong>Here&#x2019;s some of&#xA0;<a href="https://www.thestreet.com/author/fernanda-tronco">my previous coverage</a>&#xA0;of store closures:</strong></p>
<ul>
<li><strong><a href="https://www.thestreet.com/retail/victorias-secret-store-closures">Popular women&#x2019;s retailer closes 38 stores worldwide</a></strong></li>
<li><strong><a href="https://www.thestreet.com/retail/foschini-group-180-store-closures">102-year-old fashion, lifestyle retailer confirms 180 more closures</a></strong></li>
<li><a href="https://www.thestreet.com/retail/urban-outfitters-store-closures-2026"><strong>Hip fashion retailer closes more stores in 2026</strong></a></li>
</ul>
<p>The closures also extended into international markets.</p>
<p>Disney continued <a href="https://www.thestreet.com/retail/disney-closes-its-last-iconic-store-after-33-years-paris">reducing its physical retail presence</a> in subsequent years, including the closure of Disney Store locations at Walt Disney World and the company&#x2019;s last remaining European retail operations in early 2026.</p>
<p>The Disney Store footprint today is considerably smaller than it was several years ago, with the company&#x2019;s remaining 23 retail locations concentrated in select markets and Disney parks, according to the&#xA0;<a href="https://www.disneystore.com/store-locator">Disney Store locator</a>.</p>
<h2>Why Disney is closing physical and online stores</h2>
<p>Disney has not said that declining merchandise demand is the reason for the latest online closures. In fact, the company&#x2019;s merchandise business has continued to grow.</p>
<p>In the <a href="https://s206.q4cdn.com/979796730/files/doc_financials/2026/q3/q3-fy26-earnings.pdf">third-quarter fiscal 2026 earnings report</a>, Disney said revenue from merchandise licensing and retail increased 8% to nearly $1.06 billion. The company attributed the increase primarily to a 10% rise in merchandise licensing revenue, partially offset by a 2% decline in merchandise retail revenue.</p>
<p>That distinction is important because the latest Disney Store shutdowns do not necessarily indicate a decline in demand for Disney merchandise. Instead, the <a href="https://www.thestreet.com/retail/dicks-sporting-goods-closes-113-stores-stock-decline">closures</a> are another example of Disney adjusting how and where it sells its merchandise.</p>
<p>For shoppers in Australia, New Zealand, Singapore, and Malaysia, however, the change means the end of a <a href="https://www.thestreet.com/retail/12-year-old-beauty-brand-closing-nearly-all-stores-glossier">direct online shopping</a> option from Disney.</p>
<p>Disney has not disclosed whether the decision is tied to profitability, operating costs, logistics, local market conditions, or another factor. </p>
<p>For now, the company has only confirmed the closure and directed customers toward <a href="https://www.thestreet.com/retail/disney-unveils-unexpected-partnership-bringing-magic-into-fans-homes">authorized retailers</a> for future purchases.</p>
<p align="center"><strong><a href="https://www.thestreet.com/retail/disney-closes-its-last-iconic-store-after-33-years-paris">Related: Disney&#xA0;closes iconic store after 33 years</a></strong></p>
<p></p>
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		<title>Loss of Costco deal helps push beverage brand into Chapter 11</title>
		<link>https://portfoliopresident.com/2026/09/07/loss-of-costco-deal-helps-push-beverage-brand-into-chapter-11/</link>
		
		<dc:creator><![CDATA[Portfolio President]]></dc:creator>
		<pubDate>Mon, 07 Sep 2026 13:49:33 +0000</pubDate>
				<category><![CDATA[Editor's Pick]]></category>
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					<description><![CDATA[While all drugs sold to American consumers face a rigorous approval process, that&#x2019;s not the case when it comes to supplements. The Food and Drug Administration (FDA) does not approve supplements, and while there are some limits to the claims that can be made by...]]></description>
										<content:encoded><![CDATA[<p>While all drugs sold to American consumers face a rigorous approval process, that&#x2019;s not the case when it comes to supplements. The Food and Drug Administration (FDA) does not approve supplements, and while there are some limits to the claims that can be made by companies in this space, there&#x2019;s a fair amount of latitude.</p>
<p>&#x201C;The manufacturer must have substantiation that the claim is truthful and not misleading and must submit a notification with the text of the claim to FDA no later than 30 days after marketing the dietary supplement with the claim. If a dietary supplement label includes such a claim, it must state in a &#x2018;disclaimer&#x2019; that FDA has not evaluated the claim,&#x201D; according to the <a href="https://www.fda.gov/food/nutrition-food-labeling-and-critical-foods/structurefunction-claims">FDA website</a>.</p>
<p>Supplement makers can make certain structure/function claims without FDA preapproval, as long as they have substantiation that the claims are truthful and not misleading, and that they meet the agency&#x2019;s other requirements.</p>
<p>&#x201C;The disclaimer must also state that the dietary supplement product is not intended to &#x2018;diagnose, treat, cure or prevent any disease,&#x2019; because only a drug can legally make such a claim,&#x201D; the federal agency shared.</p>
<p>It&#x2019;s a legal grey area that allows supplements to advertise that they can help with fitness, hair growth, sleep, and your ability to focus.</p>
<p>Synergy CHC Corp., the maker of Focus Factor, which is described on its Amazon sales page as a &#x201C;Brain Supplement for Memory, Concentration and Focus,&#x201D; has filed for <a href="https://www.amazon.com/Focus-Factor-Extra-Strength-Concentration/dp/B074WYM8F2/ref=sr_1_1?adgrpid=189428383914&amp;dib=eyJ2IjoiMSJ9.65Bsm9UM3vw2AndGE5xRK-1o4ogji3ZsURBT1PGQZAkO7-Dt_2FgEDsnb2JykecKJoOYY0quz8U08gsB3P7XVwHv_TIkGXMY-tZP48ZbtGGS-4YACqWliDGfih7i8mZ0hsvIG9nP0zF4hd0MSROSQPENq6ZMm8TEeoW7qyx98asI4LApNzhlRjteDvEXjCge1uZw1qZQnv_LIcNROFB5pXWqwSfFB4m95HqrMzULi2IK5FRVr2MgQs2el_FxBG21FBMtauHBmAXS4tklA3cHQghexuEo7wKsq9AQ5MhPIuk.Ainpb60Ft81QOzGhVmEEAO7U4UjkOzZ-VlIJZZRhJN8&amp;dib_tag=se&amp;hvadid=792839702385&amp;hvdev=c&amp;hvexpln=0&amp;hvlocphy=9011866&amp;hvnetw=g&amp;hvocijid=8530174032944119057--&amp;hvqmt=e&amp;hvrand=8530174032944119057&amp;hvtargid=kwd-10385891&amp;hydadcr=27788_14958751_2533697&amp;keywords=focus%2Bfactor&amp;mcid=b0917b5a275f3da9a2cef1b8e25c4c29&amp;qid=1788707061&amp;sr=8-1&amp;th=1">Chapter 11 bankruptcy</a>.</p>
<h2>Focus Factor has been a bestseller</h2>
<p>Synergy makes some bold claims about what Focus Factor can do for consumers.</p>
<p>Focus Factor Extra Strength brain supplements contain a powerful combination of vitamins, minerals, and neuro-nutrients that not only power your brain but can also replace your daily multivitamin,&#x201D; it shared. </p>
<p>The company, on Amazon, also said that the supplement promotes concentration and memory. </p>
<p>&#x201C;Like other parts of your body, your brain needs proper nutrition to perform its best. This advanced formula improves and enhances memory, concentration, and your ability to focus,&#x201D; it added.</p>
<p>Synergy CHC backs that up with the following claim that doesn&#x2019;t directly speak to efficacy.</p>
<p>&#x201C;Focus Factor is the #1 Pharmacist Recommended Brand based on the results of the U.S. Pharmacy Times Survey of Pharmacists&#x2019; OTC Recommendations for &#x2018;Memory Support&#x2019; dietary supplement, 2025-2026,&#x201D; the company shared.</p>
<p>Synergy CHC Corp. develops and markets consumer health and wellness products, led by its flagship brands Focus Factor and Flat Tummy. </p>
<p>&#x201C;Focus Factor, a clinically studied brain health supplement and functional beverage line with a 25-year legacy, enjoys established distribution in the U.S., Canada, and Mexico through major retailers including Walmart, Amazon, BJ&#x2019;s, and Walgreens, among others. Flat Tummy complements Synergy&#x2019;s portfolio as a lifestyle brand focused on women&#x2019;s wellness and weight management,&#x201D; the company shared in a <a href="https://www.sec.gov/Archives/edgar/data/1562733/000121390026092335/ea030294401ex99-1.htm">press release</a>.</p>
<h2>Focus Factor maker lost its Costco deal</h2>
<p>Synergy CHC warned of potential significant financial problems after it received notice from Costco that the warehouse club would be dropping the company&#x2019;s products.</p>
<p>&#x201C;On July 15, 2026, Costco Wholesale Corporation informed Synergy CHC Corp. that Costco will discontinue carrying the Company&#x2019;s Focus Factor products. Costco has been a significant customer of the Company for more than 16 years,&#x201D; it shared in an <a href="https://www.sec.gov/Archives/edgar/data/1562733/000121390026082791/ea0299706-8k_synergy.htm">SEC filing</a>. </p>
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</ul>
<p>It&#x2019;s important to note that Costco did not share a reason for dropping Synergy CHC&#x2019;s brands.</p>
<p>&#x201C;Costco accounted for approximately 58% of the Company&#x2019;s net revenue during the fiscal year ended December 31, 2025. The Company expects Costco&#x2019;s decision to have a material adverse effect on the Company&#x2019;s business, results of operations, liquidity, and financial condition and is evaluating available financing and other strategic alternatives,&#x201D; the filing continued.</p>
<h2>Costco still sells supplements and functional beverages</h2>
<p>Costco continues to sell other supplement brands and recently <a href="https://www.thestreet.com/retail/costco-embraces-a-surprising-new-drink-trend">added Hiyo</a>, a drink line that falls into the functional beverage space.</p>
<p>&#x201C;Made with organic adaptogens, natural nootropics, and functional botanicals, each can offers what the brand calls a &#x2018;mood-enhancing, stress-relieving lift,&#x2019; or &#x2018;the float,&#x2019; according to a <a href="https://drinkhiyo.com/blogs/all/shop-hiyo-at-costco?srsltid=AfmBOop-Mhpe91X6BXKFuGpBuGWXUK7yG-cPJquD6F76uMc1XSoxODpB">press release</a>.</p>
<p>The U.S. Food and Drug Administration regulates ingredients and requires drink labels to be truthful, and the Federal Trade Commission can step in if companies make false claims.</p>
<p>&#x201C;Functional beverage makers generally make less specific claims, and the science behind them is sometimes inconclusive. SkinTe, a sparkling tea, says it &#x2018;supports skin hydration and elasticity&#x2019; with 3,000 milligrams of collagen in a 12-ounce can. But last year, Harvard Medical School researchers said there&#x2019;s not yet solid evidence that collagen drinks or supplements enhance skin, hair, or nail growth,&#x201D; according to <a href="https://chicago.suntimes.com/eat-well/2024/04/23/functional-beverages-drinks-that-do-more-than-taste-good">The Chicago Sun-Times</a>.</p>
<figure><figcaption>Functional beverages are a growing category.</p>
<p>Shutterstock</p>
</figcaption></figure>
<h2>Synergy CHC Chapter 11 bankruptcy at a glance</h2>
<ul>
<li><strong>Synergy CHC Corp.</strong>, the <strong>consumer healthcare company</strong>, publicly traded as <strong>SNYR</strong>, filed Chapter 11 on <strong>Sept. 4, 2026</strong>, in the U.S. Bankruptcy Court for the District of Columbia, case <strong>26-00465</strong>.</li>
<li>Its petition identifies its DBAs as <strong>Synergy Strips Corp. </strong>and<strong> Focus Factor Nutrition Labs</strong>.</li>
<li><strong>Headquarters:</strong> Sebago, Maine </li>
<li><strong>Assets:</strong> $1 million to $10 million</li>
<li><strong>Liabilities:</strong> $10 million to $50 million</li>
<li><strong>Creditors:</strong> 1-49 </li>
<li><strong>Businesses/brands listed on the petition: </strong>Synergy Strips Corp., Focus Factor, and Factor Nutrition Labs.
<ul>
<li><strong>Sources: </strong><a href="https://www.bankruptcyobserver.com/bankruptcy-case/synergy-chc">Bankruptcy Observer</a>, <a href="https://www.inforuptcy.com/browse-filings/district-of-columbia-bankruptcy-court/1%3A26-bk-00465/bankruptcy-case-synergy-chc-corp">Inforuptcy</a></li>
</ul>
</li>
</ul>
<p>Synergy Reorg, LLC, which happens to share the Synergy name, also filed for Chapter 11 bankruptcy on Sept. 4. That company is a debt collector, and despite the similar name, the two cases are not in any way connected.</p>
<p align="center"><strong><a href="https://www.thestreet.com/retail/after-207-closures-in-2026-104-year-old-regis-salon-chain-isnt-done">Related: 104-year-old salon chain closed 207 salons with more to come</a></strong></p>
<h2>NASDAQ sends Synergy a warning</h2>
<p>Synergy CHC Corp. received a notice from The Nasdaq Stock Market on August 20 indicating that the company is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 with the Securities and Exchange Commission (the &#x201C;SEC&#x201D;). </p>
<p>The Listing Rule requires companies with securities listed on Nasdaq to timely file all required periodic reports with the SEC.</p>
<p>That notice led to the agent of the company&#x2019;s lender, ACP Agency, LLC, sending CHC an Acceleration Notice. </p>
<p>&#x201C;The Acceleration Notice states that, following the Events of Default previously disclosed by the company in its Current Report on Form 8-K filed on August 11, 2026, ACP, at the direction of the required lenders, has exercised remedies under the Credit Agreement,&#x201D; according to an <a href="https://www.streetinsider.com/SEC+Filings/Form+8-K+Synergy+CHC+Corp.+For:+Aug+25/26977552.html">SEC filing</a>. </p>
<p>That notice means that CHC&#x2019;s lenders won&#x2019;t extend the company any more credit and want to be repaid in full.</p>
<p>&#x201C;The Acceleration Notice further states that, as of August 21, 2026, approximately $18.9 million was immediately due and payable under the Credit Agreement and related loan documents, exclusive of additional interest, fees, costs and expenses that continue to accrue,&#x201D; the filing continued.</p>
<p>CHC Synergy continues to operate under its Chapter 11 bankruptcy filing. The company has not shared it plans going forward.</p>
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