7 Dividend Payers Also Buying Back Their Own Stocks

One restarted repurchases with $3.5 billion in the first half of 2026 after buying back nothing the year before. Another has worked through 34% of a $5 billion authorization. A third just funded a $500 million program. The 6% to 11% yields are only part of the cash coming back.

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☕️ GM Munchers! I'm on a cruise, surrounded by ocean, sunshine, and endless food, and yet here I am typing about the Fed. At this point it's not a hobby, it's a diagnosis.

On today’s menu:

• 📅 The Fed Is About To Do Something It Hasn't All Year

• ⚖️ Crypto's Big Day In Washington Turned Into A Bloodbath

• 📉 The Scariest Number In Finance Just Hit 5%

• 🍿 Tasty Movers & Shakers

• 💰️ Grab Our Free Stock of The eek

Yesterday’s numbers:

BREAKING NEWS

📅 The Fed Is About To Do Something It Hasn't All Year

Today is one of the biggest days of the year for the stock market.Markets now price in a 90% chance the Fed raises interest rates at 2:00 p.m. ET today. That would be the first rate hike of 2026, and it flips the entire narrative on its head. Rewind to January, and the market was fully expecting the Fed to cut rates this year to help a slowing economy. Instead, we're staring down a hike. That's about as big a switch in expectations as it gets.

What changed? Two words: oil and inflation. The Iran war has once again pushed crude back above $100, diesel is sitting at a record high of $6 a gallon, and your grocery bill has already told you that inflation is refusing to chill.

New Fed Chair Kevin Warsh has made it clear that taming inflation is his top priority, even if it means tightening into a shaky economy. A hike would lift the target range to 3.75% to 4%.

• 📊 The number that matters: A quarter-point hike is 90% priced in, so the real market move will come from Warsh's press conference and what he signals about October.

• 🔀 Watch for the surprise: Since a hike is basically expected, a "dovish hike," meaning he hints this is a one-and-done, could actually rally stocks even as rates rise.

• ⚠️ The risk is the tone: If Warsh signals more hikes are coming, expect stocks to drop aggressively and yields to climb further.

The Munch Take: A rate hike this afternoon is almost fully baked in, so don't trade the decision itself. Instead, watch the tone. What Warsh says about what comes next matters far more than the hike everyone already sees coming. Here's our standing position: if this spooks stocks and drags quality names lower, good. Rates always come back down eventually, and we'd rather build our shopping list than panic. Big day ahead, so stay calm and watch that 2:00 p.m. press conference closely.

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NEWS OF THE DAY

⚖️ Crypto's Big Day In Washington Turned Into A Bloodbath

Crypto got dealt a real blow yesterday. The CLARITY Act, the bill meant to finally give crypto clear federal rules, failed to clear a key procedural vote in the Senate. It needed 60 votes just to move forward to debate, and Republicans and Democrats couldn't bridge the gap on ethics language tied to Trump's own crypto ventures. The reaction was instant: over $300 million in bullish crypto bets got liquidated in just 20 minutes, and Bitcoin slid to around $76,000.

Here's why this stung so much. Traders had been betting for months that clearer rules would open the floodgates for big institutional money. When that hope died, the leveraged bulls who were positioned for good news got wiped out fast, and that forced selling snowballed into a sharp drop. Prediction markets now put the odds of the bill passing in 2026 at just 14%, down from 30% a day earlier.

• 🗳️ The math was always tough: Republicans hold 53 seats and needed 7 Democrats, but the unresolved ethics fight over Trump's crypto profits sank the deal.

• ⏰ The calendar is brutal: With midterms looming, this failure likely pushes any real crypto legislation to 2027 or later.

• 🎰 The timing got worse: This hit just one day before the Fed's rate decision on Wednesday, stacking two major risk events back to back.

The Munch Take: We've said all along that betting on Washington deadlines is a losing game, and this is exactly why. Clear rules would genuinely help crypto long term, but the disappointment here is a political story, not a Bitcoin story. Nothing about Bitcoin's fixed supply changed yesterday. We're still bullish, still holding, and we're not rattled by a Senate vote falling short. If leveraged traders getting flushed out drags Bitcoin lower into the Fed meeting, that's a discount, not a disaster. Same thesis, same patience.

MARKET OVERVIEW

🍿 Tasty Movers & Shakers

💰️ Bonus Report from Option Pit: A casino that paid YOU 87% of the time - the closest thing I've seen to it

🎮 $PLAY Dave & Buster's tumbled 19.01% after posting a surprise quarterly loss nobody saw coming. When an arcade chain runs out of quarters, investors head straight for the exit.

🍽️ $SYY Sysco slipped 4.72% after pricing a $1 billion stock offering. New shares mean existing owners get a slightly smaller slice, and the market rarely claps for that.

🏥 $WAY Waystar rallied 7.11% on reports it's exploring a sale that could take the healthcare software company private. Nothing gets a stock moving like the whiff of a buyout.

🚚 $RLGT Radiant Logistics soared 19.49% after crushing both earnings and revenue expectations. A clean beat from a smaller name is exactly the kind of surprise that sends shares flying.

NEWS OF THE DAY

📈 The 10-Year Yield Just Hit 5% For The First Time Since 2007

Here's a number that quietly touches almost everyone's wallet. The 10-year Treasury yield just crossed 5% for the first time since 2007, back before the last financial crisis. That yield is basically the interest rate the U.S. government pays to borrow money for 10 years, and it's one of the most important numbers in all of finance. When it moves, borrowing costs across the whole economy move with it.

Why is this happening? A pile-up of bad news all at once. Expensive oil, hot inflation, and a government that keeps borrowing more and more. All of that makes investors demand a higher return to lend to Uncle Sam, which pushes yields up. The 10-year started this year around 4.15%, so this is a big jump in a short time.

• 🏠 Mortgages track this closely: The 30-year fixed mortgage rate just climbed to around 7.17%, since home loans follow the 10-year yield far more than they follow the Fed's rate.

• 🚗 It's not just houses: Car loans, credit cards, and business borrowing all get more expensive as this yield climbs.

• 📉 Stocks feel it too: When “safe” government bonds pay 5%, investors have less reason to take risks on stocks, which pressures the whole market.

The Munch Take: Yes, this is a big deal, but not a reason to panic. A 5% yield makes buying a home or a car noticeably pricier, and that pain is real for regular people right now. Here's the flip side, though: those same 5% Treasuries are the best guaranteed return we've seen in nearly two decades. If you've got cash sitting idle, safe bonds are suddenly paying you actual money to wait. High rates hurt borrowers and reward savers. Just know which side of that trade you're on.

🚀 Pre-Market Fuel

1. 💰️ Grab our free stock of the week (Ad)

2. 🏘️ Homes have never been more unaffordable in history.

3. 📉 This crypto stock is crashing.

4. 😬 Wells Fargo just did something crazy.

🍪 Munchy Memes

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