WSFS Q3 2026 slides: wealth revenue surges 30% as ROTCE hits 20.7%
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WSFS Q3 2026 slides: wealth revenue surges 30% as ROTCE hits 20.7%
Chase Southwest Plus Card 80,000 Bonus
Update 10/22/26: Here is an offer link showing the offer details. Seems like this link should for anyone to get this bonus. (ht MEAB)
The Offer
No direct link, targeted email offer (check for email subject: A special offer for you: Earn 80,000 points!)
- Southwest Plus ($99 annual fee): Earn 80,000 points after you spend $1,000 on purchases in the first 3 months from account opening.
Offer ends December 2, 2026.
Our Verdict
We saw an 80k-90k offer on all three consumer card versions earlier this year, but the public offers are down to 50k-55k. This new 80k offer for the Plus card landed in my inbox a few moments ago. I assume others got it too, though I have not yet seen anyone mention it.
Southwest recently changed many loyalty program details, including many details on Companion Pass eligibility. See our post: Should I Apply For The Southwest Credit Card Now?
The bottom line is that now is the last time to qualify for the Companion Pass with a credit card signup bonus, which is the easiest method. Note, the Companion Pass will only be valid through 2027, and there’s no way to stretch it through 2028. And be sure all necessary points are earned by 12/31/26 (other than the points from the credit card signup bonus which can drag into 2027, if you’d like).
For someone targeted with this new 80k offer, it can get you most of the way there. Otherwise, someone can consider the Southwest Business 80k offer or the regular 50k-55k offer on one of the consumer cards.
As the U.S. Pulls Chip Making Back Home, the Toolmakers Win First
As the U.S. pushes to bring chipmaking home, billions are flowing into new factories, creating massive demand for tools to bring new fabs online. Taiwan Semiconductor Manufacturing (TSM +1.56%), for example, added $100 billion to its Arizona plans in July, bringing its planned U.S. investment to $265 billion. Micron Technology (MU +3.64%) raised its own U.S. spending plan to more than $250 billion through 2035 that same month.
That means tool orders can arrive before a new fab reaches full production. Beyond TSMC and Micron, other companies stand to benefit, including Intel (INTC +2.33%), ASML Holding (ASML +1.17%), Applied Materials (AMAT +1.88%), and Qualcomm (QCOM +1.43%).
For investors, the question now is: Who gets paid first, the companies that build the tools, or the ones that run the factories? Intel is a good place to start.
Image source: Getty Images.
Intel faces a key turnaround test
With both chip design and manufacturing under one roof, Intel has direct exposure to U.S. efforts to expand local production. Its foundry business could also attract customers seeking alternatives to established manufacturers.
While toolmakers are paid first when fabs are built, Intel sits in the middle of the chain, generating revenue only after it starts shipping chips to device manufacturers. The challenge is execution. Intel must improve manufacturing performance, attract outside customers, and sell enough chips to justify its spending.
That said, another company supplies the tools Intel needs, allowing it to benefit even before production begins.
ASML: the tollbooth for advanced chipmaking
Advanced lithography machines from ASML help chipmakers print complex circuit patterns. As a result, ASML is an early beneficiary when Intel, TSMC, or other manufacturers expand capacity.
However, ASML’s growth still depends on customers following through on spending plans. Export restrictions and geopolitical tensions around Taiwan could disrupt sales. With the stock trading at a premium valuation — a price-to-earnings (P/E) above 40 — it leaves investors vulnerable if expected growth disappoints.
$1,578.85+$18.31 (+1.17%)
NASDAQ · As of 11:57 AM ET 10/23/26
More ways to capture equipment spending at Applied Materials
Meanwhile, a fellow toolmaker can capture more spending by selling a wider range of equipment. Applied Materials supplies equipment and services used to manufacture chips. Its broad portfolio has exposure to logic chips, memory, and other semiconductor components.
Whether Intel or TSMC expands production, equipment spending creates more business for the company, giving it several ways to benefit. However, delayed projects, export controls, and competition can weaken orders and revenue growth.
TSMC: a proven chipmaker for outsourced production
Once that equipment ships, a contract manufacturer uses it to create advanced chips. As a foundry, TSMC manufactures chips for customers that outsource production, including those that design advanced AI chips. Its established customer relationships and manufacturing capacity position it to benefit from growing AI demand.
TSM Taiwan Semiconductor Manufacturing
$418.78+$6.43 (+1.56%)
NYSE · As of 11:55 AM ET 10/23/26
Like Intel, TSMC sits in the middle of the supply chain, using the equipment supplied by toolmakers to manufacture chips. Geopolitical tensions around Taiwan create significant operational risk, while U.S. expansion can be more expensive than expansion in Taiwan.
Micron’s memory fabs come with high upfront costs
Meanwhile, a memory maker offers exposure to a different part of the AI supply chain. Equipment from the toolmakers helps Micron Technology produce the DRAM and NAND memory used in computers and smartphones. Demand for high bandwidth memory can support added capacity.
The catch is cyclicality. If supply grows faster than demand, memory prices and profits can fall sharply. Micron must also fund costly manufacturing upgrades while competing against other large memory producers.
MU Micron Technology
$887.63+$31.14 (+3.64%)
NASDAQ · As of 11:55 AM ET 10/23/26
A fabless model lets Qualcomm skip building its own fabs
Still, one company offers a way to invest in the chip boom without owning the factories. Qualcomm designs processors and connectivity technology for smartphones and connected devices. Its fabless model allows it to outsource manufacturing rather than funding its own factories.
The company sits toward the end of the supply chain, serving as a customer of TSMC. Its growth depends on chip demand and product competitiveness. But smartphone weakness and competition remain key risks.
Who gets paid first when new fabs open?
The six companies sit at different points in the supply chain, and some get paid sooner than others. ASML and Applied Materials sit nearest the top of the supply chain. Their equipment is needed before new fabs can produce chips at scale, allowing them to get paid before everyone else.
Fab operators come next, but with caveats. TSMC faces Taiwan tensions and higher U.S. costs, Intel has to prove it can execute, and Micron’s profits can swing with the memory cycle. Qualcomm gets paid last, since it depends on chip demand from smartphone makers. Investors who can accept the caveats might consider the fab operators.
Overall, as the U.S. builds more fabs at home, toolmakers appear to be the early beneficiaries.
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Hackers Stole Data On About 7 Million California Students From Testing Vendor ETS
Key Points
- A hacker copied records on about 7 million California public school students from testing vendor ETS between May 22 and September 18, 2026.
- The stolen files include names, birth dates, home addresses, and disability status, but not Social Security numbers or financial account details.
- Families can enroll in free Experian monitoring through March 19, 2027, and parents can freeze credit for children under 16 at no cost.
A hacker copied personal data on roughly 7 million California public school students from Educational Testing Service. ETS runs California’s statewide CAASPP and ELPAC exams, and someone used a stolen login to reach one of its file-transfer sites between May 22 and September 18, 2026.
The files include names, birth dates, and home addresses, the core details thieves use to take out student loans in someone else’s name.
The Details
- Who’s affected: The California Department of Education says the breach covers students enrolled in a California public school from 2023 onward. Students who left since 2006 without a confirmed transfer are also included, so some victims are now adults.
- Timeline: ETS spotted the activity on September 25. The CDE alerted districts on October 2, and ETS began notifying families on October 16, according to Menlo Park City School District.
- Response: ETS took the site offline and disabled the compromised account. Outside cybersecurity experts and law enforcement are investigating, and ETS reports no evidence so far that the data has been published.
- Testing impact: ETS halted normal enrollment data processing and paused some testing work while it secures its systems.
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What The ETS Breach Exposed
| Data Type | What It Includes | Exposed? |
|---|---|---|
| Basic Identity | Name, birth date, home address | Yes |
| School Records | School, district, grade, state and local student IDs | Yes |
| Demographics | Gender, race or ethnicity, language, country of origin | Yes |
| Disability Status | Disability type, Section 504 status, test accommodations | Yes |
| Program Eligibility | Title I, McKinney-Vento, military-connected status | Yes |
| Test Data | State test registration, participation, results | Yes |
| Government IDs | Social Security, driver’s license, passport numbers | No |
| Financial Data | Bank account and card numbers | No |
| Parent Information | Parent or guardian personal details | No |
Source: California Department of Education. The College Investor.
Why It Matters
Before age 18, being added as an authorized user on a parent’s card is the only real way for a child to build credit. A credit file under a child’s name is a red flag, but most families never check for one. Fraud tied to this breach could sit unnoticed until a teen applies for a first credit card or private student loan.
The breach also gives scammers better material. A fake “breach support” email that names a real school and grade level is harder to spot. The CDE warns families not to share Social Security numbers, passwords, or financial details in response to unexpected messages, the same advice that applies to common student loan scams.
What Families Should Do
- Enroll in free monitoring. ETS is paying for Experian IdentityWorks, with identity restoration help available for 24 months. Minors sign up through Experian’s Minor Plus product, and adults use the standard IdentityWorks product by March 19, 2027.
- Freeze your child’s credit. Parents can request free credit freezes for children under 16 at Equifax, Experian, and TransUnion, the CDE notes.
- Pull adult reports. Former students who are now adults can check their files for free at AnnualCreditReport.com.
- Don’t wait for a letter. A missing notice doesn’t mean a student was unaffected, especially if the family moved. The incident call center at 833-931-8488 can confirm.
How This Connects
California already faces fraud built on stolen student identities. The state’s community college system has flagged more than one million suspicious applications, and the House passed a bill in June to screen every FAFSA for identity fraud. The ETS files lack Social Security numbers, which a FAFSA application requires for most students.
What’s Next
The CDE and State Board of Education are reviewing whether ETS met the data security terms of its state contract. A CDE spokesperson told EdSource that “we expect our contractors to uphold the highest standards.” Watch for an official student count from the state and a restart date for paused testing work. Families who later find accounts they didn’t open can follow the steps to dispute fraudulent student loans.
Editor: Colin Graves
The post Hackers Stole Data On About 7 Million California Students From Testing Vendor ETS appeared first on The College Investor.
Amazon Deal: Acer Wireless Bluetooth Earbuds for Just $9.99 (50% Off)
Acer Wireless Bluetooth Earbuds for Just $9.99
This article contains Amazon affiliate links.
Amazon has Acer Wireless Bluetooth Earbuds on sale for just $9.99, down from the typical price of $19.99.
These wireless earbuds feature Bluetooth connectivity, stereo sound, noise-cancelling technology and a compact charging case. Other features include:
- 8mm audio drivers for enhanced bass and stereo sound.
- Lightweight, ergonomic design for a comfortable fit.
- Noise-cancelling microphones for clearer phone calls.
- Portable charging case for convenient storage and charging.
- Compatibility with iPhone, Android devices and iPads.
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Guru’s Wrap-up
Not bad for under $10! These Acer earbuds could be a good option if you need an inexpensive backup pair for travel, the gym or everyday use.
Disclaimer: As an Amazon Associate I earn from qualifying purchases made through this article. Using links on the site for Amazon purchases is the best way you can support the site as you normally can’t earn cash back for these purchases. But, you should still check shopping portals such as Rakuten, TopCashback, RebatesMe, ShopBack and others for possible cashback. Your support is always greatly appreciated!
What Is Muse AI? Meta’s Personal AI Agent Explained for Physicians
Meta’s new AI agent can send the email, book the trip, and keep working after you close the app.
That is the pitch for Muse, a personal AI agent Meta announced on September 8, 2026. It runs at muse.ai and in iOS and Android apps, and you can also message it in WhatsApp.
This guide explains what Muse is, how it differs from a regular AI chat, what it can help physicians with, and what to check before trying it.
Disclaimer: While these are general suggestions, it’s important to conduct thorough research and due diligence when selecting AI tools. We do not endorse or promote any specific AI tools mentioned here. This article is for educational and informational purposes only. It is not intended to provide legal, financial, or clinical advice. Always comply with HIPAA and institutional policies. For any decisions that impact patient care or finances, consult a qualified professional.
What Muse is
Meta describes Muse as a personal AI agent that does tasks instead of only answering questions. You tell it a goal in plain language, such as sending an email or booking travel, and it works through the steps. It runs on Muse Spark, Meta’s own model, from a cloud computer of its own called Muse Secure VM, which has a browser. Meta says it can send email, book travel, fill out forms, and work across the apps you connect.
Muse also keeps going after you close the app. Meta says it comes back when something changes or when it needs your approval, and that it remembers what matters to you well enough to make suggestions on its own. You can reach it in the Muse app, at muse.ai, or in WhatsApp, and Meta says AI glasses are coming.
Muse is free with a usage limit, and Meta’s subscriptions page lists paid plans with larger weekly allowances. Meta’s later announcement says it is available in the US and Canada, though its help pages note it is not yet available everywhere.
How it differs from a regular AI chat
A regular chat answers a question and then waits. Muse takes on a job and keeps going, which is why Meta put so much work into safety. Its research post describes the design.
Each person gets a dedicated cloud computer that holds the agent, along with the data and credentials for any service they connect. A separate program called Sentinel sits outside the agent, and nothing Muse does reaches the internet unless Sentinel approves it.
Meta also says Muse cannot see your passwords or payment methods, because credentials go into secure storage instead. Before sensitive actions, like sending an email or making a purchase, Muse checks with you. You can watch its browser and take over at any time, and an Activity log shows what it has done and which permissions you gave it.
You also control how much access it gets. For email, you choose whether Muse can only read or can also send, and Meta’s connectors page says many connectors can be set to retrieve data without taking any action.
Here are some quick bullet points:
- Muse runs on its own dedicated cloud computer, which holds the agent and the data and credentials for connected services.
- A separate program called Sentinel must approve anything Muse sends to the internet.
- Meta says Muse can’t see your passwords or payment methods, because they’re kept in secure storage.
- Muse asks before sensitive actions like sending an email or making a purchase, and you can watch its browser and take over.
- You choose whether Muse can only read your email or also send, and many connectors can be set to retrieve only.
- An Activity log shows what Muse has done and which permissions you gave it.
Why physicians should care
Muse is built to take over repeat admin work. The most relevant piece for physicians is Muse for Small Business, which Meta announced on September 29.
It adds connectors for tools like QuickBooks, Slack, Zoom, Notion, Canva, Shopify, and Stripe, along with Facebook and Instagram business accounts. A physician who runs a practice or a side business could use those the same way a small business owner would.
Meta’s examples show what that looks like. One sample prompt asks Muse what needs attention across email, calendar, and news, and what it can take off your plate. Meta says Muse can flag emails that need a reply and write the first drafts. Another example asks it to review the month’s financial performance and find expenses that look off, using a connected tool like QuickBooks. Muse can also analyze sales, campaigns, and social activity to draft a growth plan, or look at what is working in ads and content and draft a campaign for your approval. Beyond business tasks, Meta says it can book travel, fill out forms, and turn a long-term goal into a plan that it keeps advancing.
All of these are business and admin tasks, not clinical ones, and they come from Meta’s own launch materials, so results will vary. Meta says Muse will not publish, send, or spend without your approval.
What to check before trying it
The first point is patient information. None of the Meta Muse pages reviewed mention HIPAA or a Business Associate Agreement. Meta’s research post also says its current design restricts Meta staff access through operational policies, but does not prevent Meta from accessing data when needed to support, secure, or run the service. It adds that limited data leaves the cloud computer for inference and telemetry. A version where only the user holds the encryption key, called Muse Confidential VM, is planned for later this year. Until then, patient information should stay out, and anything regulated should go through a compliance team first.
Training and ads are the next point. Meta says conversation data can be used for training after key personal details are removed, and a setting lets you opt out. Meta says it does not share conversations or cloud-computer data with its ad systems, but it notes that what Muse does on the web, such as visiting a store’s website, can still affect the ads you see.
Mistakes are also possible. Meta’s getting started page says Muse may be inaccurate or take unexpected actions and should be monitored, and its research post calls prompt injection an open problem across the industry. Muse can also build custom connectors to other services, and Meta does not review those.
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How to start
Meta’s guidance page advises starting with low-risk tasks, choosing which connectors Muse can access, checking permission defaults, and reviewing the Activity log regularly. You can disconnect a connector at any time.
A good first task is one where the worst outcome is a bad draft.
Muse shows how quickly personal AI agents are moving from answering questions to doing tasks. For physicians, the appeal is handing off repeat admin work, and the tradeoff is giving an agent access to your accounts. Starting small and keeping patient data out is a sensible way in. And remember, always do your due diligence.
What do you think? Are you willing to try Muse out?
Download The Physician’s Starter Guide to AI – a free, easy-to-digest resource that walks you through smart ways to integrate tools like ChatGPT into your professional and personal life. Whether you’re AI-curious or already experimenting, this guide will save you time, stress, and maybe even a little sanity.
Want more tips to sharpen your AI skills? Subscribe to our newsletter for exclusive insights and practical advice. You’ll also get access to our free AI resource page, packed with AI tools and tutorials to help you have more in life outside of medicine. Let’s make life easier, one prompt at a time. Make it happen!
Disclaimer: This article is for general informational and educational purposes only. It does not constitute medical, legal, compliance, or professional advice. The information provided here is based on available public data and may not be entirely accurate or up-to-date. It’s recommended to contact the respective companies/individuals for detailed information on features, pricing, and availability. All screenshots, if any, are used under the principles of fair use for editorial, educational, or commentary purposes. All trademarks and copyrights belong to their respective owners.
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Further Reading
PG&E’s CEO says AI is ‘the best thing that could’ve ever happened to the grid’
- In today’s CEO Daily: The CEO of a once-hated utility is looking to AI to fix the grid.
- The big leadership story: The Ford Foundation’s new focus.
- The markets: Up in Asia, down in Europe after at tech selloff on Thursday.
- Plus: All the news and watercooler chat from Fortune.
Good morning. Patti Poppe knows about navigating pressure. As CEO of Pacific Gas and Electric Company (PG&E), she has one of the toughest leadership roles in business. When she took the job in January 2021, becoming the first woman to transition directly from one Fortune 500 company (CMS Energy) to another, she was handed a convicted corporate felon emerging from bankruptcy after its equipment had caused deadly wildfires, including the 2018 Camp Fire in Paradise for which it had pleaded guilty to 84 counts of involuntary manslaughter. Just as Poppe was building public trust with a laser-sharp focus on culture and safety, along came an AI boom, new regulations, and mandated grid investments that put rates back in the spotlight.
In the latest Fortune CEO Source segment, which you can watch in the second half of our Fortune Daily show, Poppe talks about what is working in this climate. To start, she welcomes having tech companies like Google step up to co-invest in energy infrastructure. “I think AI is the best thing that could’ve ever happened to the grid,” Poppe told me, noting that California has added 33 gigawatts of renewables and storage in the past five years, enough to power around 25 million homes, with 22 more gigawatts to be added by 2030. “The grid needs investment; AI and that whole revenue stream brings investment to the grid. AI equals growth and prosperity.”
What fuels Poppe’s enthusiasm is the potential for new technologies and energy sources to truly transform the grid. She is “pro, pro, pro” when it comes to deploying nuclear energy and, in a world that’s shying away from ESG, she’s vocal that “climate change has to be addressed.”
Still, when it comes to winning back friends and favor for a company that was once among the most hated in America, Poppe faces a long road. At $12.98 a share, PG&E stock is down a third from its 52-week high. The main reason is beyond her control: state lawmakers rejected Gov. Gavin Newsom’s push for new wildfire legislation that would prevent insurers from suing utilities over wildfire claims to keep rates in check. Meanwhile, San Francisco is trying to take over PG&E’s local distribution grid to lower rates, saying it would cost the city $3.4 billion. (On Wednesday, PG&E said the city’s plan would actually cost $22.5 billion.) And yesterday the utility released third-quarter earnings that missed Wall Street forecasts, earning $776 million on $6.18 billion in revenue.
Poppe reaffirmed profit targets and appeared open to the idea of breaking the company apart to isolate wildfire exposure while keeping costs down, saying “the status quo is not acceptable.” Her north star is to make PG&E the country’s safest and cleanest utility, and she counts herself lucky to have the opportunity. “I was born a girl in a little small town in Michigan, and by hard work and some luck, ended up in this chair,” she told me. “Do what you love, love who you do it with, and love who you do it for.”
She feels supported in her efforts to boost California’s grid. What’s unclear is the price her company will pay if anything goes wrong.
Contact CEO Daily via Diane Brady at diane.brady@fortune.com
This story was originally featured on Fortune.com