Insider Report: Chairman sells over $3 million in this large-cap tech stock

Several sectors, including asset managers, semiconductor stocks, and silver miners, experienced significant declines following Fed Chair Kevin Warsh's press conference. ON Semiconductor (NASDAQ:ON) led the drop, falling 6%, while Boeing (NYSE:BA) weighed on the Dow. Economists are divided on future rate hikes, with some expecting more hikes and others predicting easing next year.

Fortis Inc. (TSX/NYSE: FTS) priced a $1 billion offering of junior subordinated notes, due in 2057. The notes are 6.625% and 6.875% fixed-to-fixed rate. The offering is expected to close on September 21, 2026. Proceeds will repay debt and fund corporate purposes. The notes are issued under a prospectus supplement to a base shelf prospectus.

Fortis (TSX:FTS), a Canadian utility company, reported Q2 net profit of $396M, up 3% YoY, with EPS at $0.78. The company trades at $75.59, up 6% YTD, with a 3.4% dividend yield. Fortis plans $28.8B in capital investments through 2030, aiming for 4-6% annual dividend growth. The company's stable cash flow and essential services make it a steady dividend stock.

Carlyle (CG) reported Q2 revenues of $1.11B, up 13% YoY, exceeding estimates by 20.7%. The stock is down 3.8% since reporting. Five asset management firms beat revenue estimates by 8.4% on average, with shares up 8.2% since earnings.

Carlyle Group Inc. reported Q2 2026 revenue of $1,123.5M and diluted EPS of $0.37, down from $1,572.9M and $0.87 in Q2 2025. Net income attributable to common stockholders fell to $137.1M from $319.7M. The company cited fee growth in management fees and a shift in fee-earning AUM toward credit and secondaries, per its Aug. 10, 2026 10-Q.

The Carlyle Group reported Q2 revenue of about $1.1b, beating expectations by 22%, with statutory EPS of $2.18 in line. Shares rose 3.8% to $47.79. Analysts raised 2026 revenue to $3.79b and EPS to $4.08, up from $3.71b and $3.33. The consensus price target stayed at $57.82.