2 days ago
On September 8, 2026, Reuters reported that Paramount Skydance Corporation (NASDAQ:PSKY) said California Attorney General Rob Bonta made television statements that contradict his own legal arguments against Paramount's request for a $1.88 billion bond in the ongoing court fight over its roughly $110 billion acquisition of Warner Bros. Discovery, Inc. (NASDAQ:WBD).
Bonta's office has argued the bond is unnecessary because Paramount voluntarily agreed to pause the deal's closing rather than wait for a court injunction. But Paramount described that same pause as equivalent to an injunction in media interviews, which it argues legally requires the states to post a bond under antitrust law. A hearing is scheduled for September 24.
Paramount Skydance Corporation (NASDAQ:PSKY) could protect a significant portion of its financial position if the court grants its $1.88 billion bond request. Paramount says the delay could cost it about $1.3 billion in fees to Warner Bros. Discovery shareholders by the time the case concludes in April 2027. A bond would give Paramount a potential path to recover those losses if it ultimately defeats the states' challenge. It reduces the financial damage from a prolonged legal process.
Warner Bros. Discovery, Inc. (NASDAQ:WBD) is receiving financial protection from the transaction's delay through Paramount's ticking fees. Paramount agreed to pay WBD shareholders approximately $7 million per day starting October 1 if the transaction does not close, creating a growing payment obligation for Paramount. It is also providing WBD shareholders with compensation for waiting. The arrangement gives WBD a financial benefit from the prolonged closing process even as the companies await a final legal resolution.
The legal dispute has not eliminated the strategic rationale for combining the two media companies. Paramount argues that the merger would strengthen the film and television industry and lead to more content while giving the combined company greater scale to compete with Netflix and Disney. For Paramount, completing the acquisition would speed up David Ellison's plan to build a larger media competitor. WBD shareholders would receive the transaction consideration rather than remain exposed to the company's standalone turnaround.
#paramount
Bonta's office has argued the bond is unnecessary because Paramount voluntarily agreed to pause the deal's closing rather than wait for a court injunction. But Paramount described that same pause as equivalent to an injunction in media interviews, which it argues legally requires the states to post a bond under antitrust law. A hearing is scheduled for September 24.
Paramount Skydance Corporation (NASDAQ:PSKY) could protect a significant portion of its financial position if the court grants its $1.88 billion bond request. Paramount says the delay could cost it about $1.3 billion in fees to Warner Bros. Discovery shareholders by the time the case concludes in April 2027. A bond would give Paramount a potential path to recover those losses if it ultimately defeats the states' challenge. It reduces the financial damage from a prolonged legal process.
Warner Bros. Discovery, Inc. (NASDAQ:WBD) is receiving financial protection from the transaction's delay through Paramount's ticking fees. Paramount agreed to pay WBD shareholders approximately $7 million per day starting October 1 if the transaction does not close, creating a growing payment obligation for Paramount. It is also providing WBD shareholders with compensation for waiting. The arrangement gives WBD a financial benefit from the prolonged closing process even as the companies await a final legal resolution.
The legal dispute has not eliminated the strategic rationale for combining the two media companies. Paramount argues that the merger would strengthen the film and television industry and lead to more content while giving the combined company greater scale to compete with Netflix and Disney. For Paramount, completing the acquisition would speed up David Ellison's plan to build a larger media competitor. WBD shareholders would receive the transaction consideration rather than remain exposed to the company's standalone turnaround.
#paramount
2 days ago
On September 9, 2026, Reuters reported that CEO Brian Niccol's first two years as Starbucks Corporation (NASDAQ:SBUX) CEO have succeeded in bringing customers back to the coffee chain. Comparable sales rose 7.9% in the fiscal third quarter for a fourth straight quarter of improvement, but his "Back to Starbucks" restructuring has raised costs and squeezed margins along the way. Global operating margin has fallen to 12.9% from 15.8% two years earlier. Niccol, who marks his second anniversary in the role, now faces pressure to convert the sales recovery into the sustainable profit growth investors are demanding.
Niccol's turnaround strategy has already restored customer momentum at Starbucks Corporation (NASDAQ:SBUX). The "Back to Starbucks" strategy reversed six consecutive quarters of declining comparable sales as the company focused on reducing wait times, simplifying menus, improving store ambiance, and increasing staffing. Starbucks has moved beyond the sales deterioration that preceded Niccol's tenure. It gives investors a stronger foundation for the next phase of the turnaround. If management can sustain traffic gains while improving productivity, the sales recovery could provide a path toward stronger earnings growth.
The China joint venture with Boyu Capital gives Starbucks a more capital-efficient way to participate in China's growth. Starbucks sold control of its China retail operations to Boyu. It retained a 40% stake and continues to own and license its brand and intellectual property. The structure reduces Starbucks' direct capital requirements while allowing it to retain economic exposure to the Chinese market. Reuters cited ****** ysts who said the arrangement leaves Starbucks well positioned to convert stronger organic sales growth into profit growth, which could support returns as the recovery progresses.
Starbucks now has an opportunity to turn its customer investments into margin expansion. The firm committed at least $500 million toward labor as part of the restructuring. Niccol prioritized staffing and store improvements to rebuild the customer experience. That spending helped help the sales recovery. But it also pushed global operating margins down to 12.9% from 15.8% over two years. With sales now improving, management can focus more heavily on productivity, cost control, and operating leverage. It creates an opportunity for stronger earnings if it can improve margins without damaging customer traffic.
Labor tensions could undermine Starbucks Corporation (NASDAQ:SBUX)' recovery and keep costs elevated. Starbucks has yet to reach a first contract with its U.S. barista union. The union called for a consumer boycott in August. Negotiations or labor actions could disrupt store operations, increase labor costs, and create reputational pressure just as Starbucks tries to improve profitability. Therefore, investors face a risk that labor issues could offset some of the productivity gains management needs to expand margins.
#
Niccol's turnaround strategy has already restored customer momentum at Starbucks Corporation (NASDAQ:SBUX). The "Back to Starbucks" strategy reversed six consecutive quarters of declining comparable sales as the company focused on reducing wait times, simplifying menus, improving store ambiance, and increasing staffing. Starbucks has moved beyond the sales deterioration that preceded Niccol's tenure. It gives investors a stronger foundation for the next phase of the turnaround. If management can sustain traffic gains while improving productivity, the sales recovery could provide a path toward stronger earnings growth.
The China joint venture with Boyu Capital gives Starbucks a more capital-efficient way to participate in China's growth. Starbucks sold control of its China retail operations to Boyu. It retained a 40% stake and continues to own and license its brand and intellectual property. The structure reduces Starbucks' direct capital requirements while allowing it to retain economic exposure to the Chinese market. Reuters cited ****** ysts who said the arrangement leaves Starbucks well positioned to convert stronger organic sales growth into profit growth, which could support returns as the recovery progresses.
Starbucks now has an opportunity to turn its customer investments into margin expansion. The firm committed at least $500 million toward labor as part of the restructuring. Niccol prioritized staffing and store improvements to rebuild the customer experience. That spending helped help the sales recovery. But it also pushed global operating margins down to 12.9% from 15.8% over two years. With sales now improving, management can focus more heavily on productivity, cost control, and operating leverage. It creates an opportunity for stronger earnings if it can improve margins without damaging customer traffic.
Labor tensions could undermine Starbucks Corporation (NASDAQ:SBUX)' recovery and keep costs elevated. Starbucks has yet to reach a first contract with its U.S. barista union. The union called for a consumer boycott in August. Negotiations or labor actions could disrupt store operations, increase labor costs, and create reputational pressure just as Starbucks tries to improve profitability. Therefore, investors face a risk that labor issues could offset some of the productivity gains management needs to expand margins.
#
2 days ago
Gold is the ******* et people buy when they have stopped believing in promises. Then most of them hand it to a bank in another country for safekeeping, which is itself a promise.
That arrangement is older than most of the world's central banks. The Bank of England has provided gold custody services to developing nations for decades, according to Reuters, and it usually works for the simple reason that ******* ody involved has any incentive to argue about it.
Custody is boring. It stays boring right up until two governments claim the same account.
Then the metal in the vault ceases to be a reserve ******* et and becomes a legal exhibit. It does not move, and it does not get sold.
It sits in a basement in London, earning nothing and settling nothing, while lawyers on two continents argue over whose signature counts on the paperwork.
#reuters
That arrangement is older than most of the world's central banks. The Bank of England has provided gold custody services to developing nations for decades, according to Reuters, and it usually works for the simple reason that ******* ody involved has any incentive to argue about it.
Custody is boring. It stays boring right up until two governments claim the same account.
Then the metal in the vault ceases to be a reserve ******* et and becomes a legal exhibit. It does not move, and it does not get sold.
It sits in a basement in London, earning nothing and settling nothing, while lawyers on two continents argue over whose signature counts on the paperwork.
#reuters
3 days ago
Accenture plc (NYSE:ACN) investors are having a rough year, with the shares down more than 25%. Now Wall Street is divided over the company's outlook.
Morgan Stanley raised its price target on Accenture to $175 from $130 on September 14. Accenture shares soared more than 6% in afternoon trading following the price target increase, even though the firm reiterated its Equal weight rating on the stock.
Meanwhile, UBS recently maintained a Buy rating on the stock with a price target of $275. The bank pointed to confidence in the company's positioning around AI and, in separate notes, its acquisition strategy. However, Wells Fargo downgraded Accenture to Equal Weight. According to Wells Fargo, macroeconomic pressures could weigh on fiscal 2027 growth expectations.
The question is whether Accenture's expanding AI capabilities and acquisitions can translate into long-term growth.
Accenture's AI fortunes are tied to enterprise deployment of the technology. The company has formed a joint business group with Google Cloud to deploy AI engineers across enterprise clients. That arrangement gives Accenture another channel through which AI adoption can create demand for consulting, implementation, and integration services.
#fargo
Morgan Stanley raised its price target on Accenture to $175 from $130 on September 14. Accenture shares soared more than 6% in afternoon trading following the price target increase, even though the firm reiterated its Equal weight rating on the stock.
Meanwhile, UBS recently maintained a Buy rating on the stock with a price target of $275. The bank pointed to confidence in the company's positioning around AI and, in separate notes, its acquisition strategy. However, Wells Fargo downgraded Accenture to Equal Weight. According to Wells Fargo, macroeconomic pressures could weigh on fiscal 2027 growth expectations.
The question is whether Accenture's expanding AI capabilities and acquisitions can translate into long-term growth.
Accenture's AI fortunes are tied to enterprise deployment of the technology. The company has formed a joint business group with Google Cloud to deploy AI engineers across enterprise clients. That arrangement gives Accenture another channel through which AI adoption can create demand for consulting, implementation, and integration services.
#fargo
3 days ago
When President Donald Trump’s name was ordered removed from the Kennedy Center this spring, it seemed that an opening to move on from his reign over the performing arts center might have emerged.
“I have instructed the Department of Commerce to make all necessary arrangements with Congress to allow a full and complete transfer of this Institution, giving them the responsibility for its Operation, Maintenance, and Management,” the president wrote in a late-May Truth Social post, seemingly relinquishing the control he’d seized a year prior.
Speculation even bubbled up among some of the more than a dozen “ex-officio,” board members — who don’t get a vote but are not allied with Trump — over whether the former board chairman, billionaire philanthropist David Rubenstein, could be brought back to help restore the center’s fundraising and programming, two sources familiar with the matter told CNN. (CNN has asked Rubenstein for comment.)
But after Trump said he would remain chairman, “it kind of all squelched pretty quickly,” one of the sources said. The hope that his crusade to rename a monument dedicated to the memory of John F. Kennedy had ended turned out to be wishful thinking.
Instead, nine months from a cold December day when cranes first placed Trump’s name on the marble façade, the institution has been brought to the brink by the president still very much engaged in a fight: lights have been turned off inside, infrastructure is crumbling and protests swirl while legal battles mount.
#center
“I have instructed the Department of Commerce to make all necessary arrangements with Congress to allow a full and complete transfer of this Institution, giving them the responsibility for its Operation, Maintenance, and Management,” the president wrote in a late-May Truth Social post, seemingly relinquishing the control he’d seized a year prior.
Speculation even bubbled up among some of the more than a dozen “ex-officio,” board members — who don’t get a vote but are not allied with Trump — over whether the former board chairman, billionaire philanthropist David Rubenstein, could be brought back to help restore the center’s fundraising and programming, two sources familiar with the matter told CNN. (CNN has asked Rubenstein for comment.)
But after Trump said he would remain chairman, “it kind of all squelched pretty quickly,” one of the sources said. The hope that his crusade to rename a monument dedicated to the memory of John F. Kennedy had ended turned out to be wishful thinking.
Instead, nine months from a cold December day when cranes first placed Trump’s name on the marble façade, the institution has been brought to the brink by the president still very much engaged in a fight: lights have been turned off inside, infrastructure is crumbling and protests swirl while legal battles mount.
#center
3 days ago
Costco is expanding its same-day delivery network as it looks to grow e-commerce sales and compete with retailers like Walmart and Target.
The retailer this week launched collaborations with DoorDash (NASDAQ: DASH) and Uber (NYSE: UBER) to pick up online orders at U.S. stores and drive them to the customer's door. The arrangements give Costco more channels to reach customers through ultra-fast delivery, made possible by gig drivers who use the platforms to select ******* ignments.
DoorDash, best known for delivering restaurant food, announced that Costco (NASDAQ: COST) members can now order groceries, dry goods, household essentials and other products from its marketplace and then arrange fast delivery from their local store, all through the DoorDash app. The U.S. launch extends the existing relationship between the companies in Australia, New Zealand, Sweden, Iceland and Puerto Rico.
DoorDash now serves eight of the 10 largest food retailers in North America.
On Wednesday, Uber announced a major expansion of its partnership with Costco to deliver products in 47 states, up from 17 states. Nearly 600 Costco locations are now available on the Uber Eats app, where shoppers can arrange on-demand and scheduled delivery.
#Food #announced
The retailer this week launched collaborations with DoorDash (NASDAQ: DASH) and Uber (NYSE: UBER) to pick up online orders at U.S. stores and drive them to the customer's door. The arrangements give Costco more channels to reach customers through ultra-fast delivery, made possible by gig drivers who use the platforms to select ******* ignments.
DoorDash, best known for delivering restaurant food, announced that Costco (NASDAQ: COST) members can now order groceries, dry goods, household essentials and other products from its marketplace and then arrange fast delivery from their local store, all through the DoorDash app. The U.S. launch extends the existing relationship between the companies in Australia, New Zealand, Sweden, Iceland and Puerto Rico.
DoorDash now serves eight of the 10 largest food retailers in North America.
On Wednesday, Uber announced a major expansion of its partnership with Costco to deliver products in 47 states, up from 17 states. Nearly 600 Costco locations are now available on the Uber Eats app, where shoppers can arrange on-demand and scheduled delivery.
#Food #announced
3 days ago
SailPoint Inc. (NASDAQ:SAIL), a leading player within the enterprise identity security ****** e, recently expanded its strategic alliance with CrowdStrike. As part of the revised arrangement, the company's SailPoint SecOps Identity Intelligence will be integrated with CrowdStrike Falcon Next-Gen SIEM. This will help in expediting threat detection procedures, and will also incorporate access data and identity governance into the overall investigation process. The expanded partnership will facilitate security teams in lining up the identity insights with Falcon's existing security telemetry.
Copyright: franckito / 123RF Stock Photo
The announcement aligns strongly with SailPoint's broader strategic narrative revealed in its Q2 FY27 print. It builds upon several recent initiatives undertaken by the management, such as introduction of the SailPoint Identity Security solution. This is aimed toward integrating SailPoint Agentic Fabric with SailPoint Human Fabric for real-time discovery and security of complex digital ecosystems. The company also launched its Cursor Enterprise connector, which helps organizations to leverage a highly-integrated control plane to manage human developers and autonomous AI agents.
The recently released financials also back this narrative as the company delivered a 25% year-over-year growth in its annual recurring revenue, which stood at $1.231 billion. SailPoint generated $45 million in operating cash flow during the second quarter, along with $37 million in free cash flow.
By weaving SailPoint's identity intelligence into Falcon Next-Gen SIEM, customers gain extra context inside workflows they already rely on, making it easier to probe identity-related risks. The integration augments SailPoint's position at a time when identity threats are on a rise. This leads to an opportunity for SailPoint to cement itself as a leading provider of advanced security solutions.
#sailpoint #falcon #next
Copyright: franckito / 123RF Stock Photo
The announcement aligns strongly with SailPoint's broader strategic narrative revealed in its Q2 FY27 print. It builds upon several recent initiatives undertaken by the management, such as introduction of the SailPoint Identity Security solution. This is aimed toward integrating SailPoint Agentic Fabric with SailPoint Human Fabric for real-time discovery and security of complex digital ecosystems. The company also launched its Cursor Enterprise connector, which helps organizations to leverage a highly-integrated control plane to manage human developers and autonomous AI agents.
The recently released financials also back this narrative as the company delivered a 25% year-over-year growth in its annual recurring revenue, which stood at $1.231 billion. SailPoint generated $45 million in operating cash flow during the second quarter, along with $37 million in free cash flow.
By weaving SailPoint's identity intelligence into Falcon Next-Gen SIEM, customers gain extra context inside workflows they already rely on, making it easier to probe identity-related risks. The integration augments SailPoint's position at a time when identity threats are on a rise. This leads to an opportunity for SailPoint to cement itself as a leading provider of advanced security solutions.
#sailpoint #falcon #next
4 days ago
Space Exploration Technologies Corp. (NASDAQ:SPCX) is increasingly confident it can reach a $100 billion annual revenue run rate by year-end. The company's CFO said there is now "even more conviction" around the target. A new AI hosting agreement worth $13 billion on an annualized basis adds significant support to that outlook and reflects how quickly ***** eX's compute business is scaling. But the financial picture behind that growth is less straightforward. The same AI division that management is relying on to help reach that target posted a $1.3 billion loss in the latest quarter alone. The loss wiped out what would have otherwise been a profitable quarter, while the company generated roughly negative $25 billion in free cash flow during the first half of 2026.
CFO Bret Johnsen said ***** eX has "even more conviction" that it can reach a $100 billion annual revenue run rate. The outlook is supported by a newly signed AI hosting agreement worth $1.11 billion per month beginning in December, or roughly $13 billion on an annualized basis. The company plans to end the year with a little over 2 gigawatts of terrestrial AI-computing capacity and scale to between 5 and 10 gigawatts in 2027. Orbital computing remains a longer-term option for overcoming power constraints. Its current agreements include a $6.7 billion cloud-services contract that is scheduled to ramp up in October. Existing arrangements with Google and Anthropic are worth more than $2 billion per month combined. Reaching the $100 billion target would require monthly revenue to more than triple from second-quarter's pace.
SpaceX's rocket and Starlink businesses generated roughly $1.1 billion in combined operating income in the second quarter. But the AI division's $1.3 billion loss more than wiped out that profit. The company also generated roughly negative $25 billion in free cash flow during the first half of 2026. The stock declined more than 5% after the second-quarter results despite a revenue beat.
The AI contract pipeline is clearly expanding and gaining momentum. However, the $100 billion target is a revenue run-rate measure rather than a profitability target. At the same time, the division driving this expansion remains the company's largest contributor to both both operating losses and capital spending, making the growth opportunity financially costly for now.
SpaceX had 119 hedge funds among its institutional holders at the end of the second quarter of fiscal 2026. Meanwhile, short interest stood at just 2.76% of float as of August 31, 2026. The ownership and the short interest figures show that institutional sentiment remains broadly constructive and toward the company's long-term outlook.
#roughly
CFO Bret Johnsen said ***** eX has "even more conviction" that it can reach a $100 billion annual revenue run rate. The outlook is supported by a newly signed AI hosting agreement worth $1.11 billion per month beginning in December, or roughly $13 billion on an annualized basis. The company plans to end the year with a little over 2 gigawatts of terrestrial AI-computing capacity and scale to between 5 and 10 gigawatts in 2027. Orbital computing remains a longer-term option for overcoming power constraints. Its current agreements include a $6.7 billion cloud-services contract that is scheduled to ramp up in October. Existing arrangements with Google and Anthropic are worth more than $2 billion per month combined. Reaching the $100 billion target would require monthly revenue to more than triple from second-quarter's pace.
SpaceX's rocket and Starlink businesses generated roughly $1.1 billion in combined operating income in the second quarter. But the AI division's $1.3 billion loss more than wiped out that profit. The company also generated roughly negative $25 billion in free cash flow during the first half of 2026. The stock declined more than 5% after the second-quarter results despite a revenue beat.
The AI contract pipeline is clearly expanding and gaining momentum. However, the $100 billion target is a revenue run-rate measure rather than a profitability target. At the same time, the division driving this expansion remains the company's largest contributor to both both operating losses and capital spending, making the growth opportunity financially costly for now.
SpaceX had 119 hedge funds among its institutional holders at the end of the second quarter of fiscal 2026. Meanwhile, short interest stood at just 2.76% of float as of August 31, 2026. The ownership and the short interest figures show that institutional sentiment remains broadly constructive and toward the company's long-term outlook.
#roughly
8 days ago
Meghan Markle reportedly secured her first government-backed security review since stepping back from royal duties in 2020. The ***** ss of Sussex and Prince Harry were set to receive separate official risk ***** sments after returning to Britain.
The review could consider their schedules, family routines, and public movements. It also marks a notable change for Meghan after six years without such an ***** sment. Meanwhile, the couple received interim security arrangements during the process.
As per People magazine, Meghan Markle would receive a new ***** sment. The security review would be her first since police protection ended following the couple's 2020 royal exit. Meanwhile, Prince Harry would receive a separate ***** sment.
The Royal and VIP Executive Committee reportedly commissioned both reviews after their UK move. RAVEC determines eligibility for taxpayer-funded police protection. The couple have also been granted an interim security provision during the ***** sment process.
Additionally, RAVEC reportedly requested detailed schedules from the Duke and ***** ss of Sussex. That includes daily routines involving Archie, seven, and Lilibet, five. Their school runs could help officials ***** s potential risks.
#review
The review could consider their schedules, family routines, and public movements. It also marks a notable change for Meghan after six years without such an ***** sment. Meanwhile, the couple received interim security arrangements during the process.
As per People magazine, Meghan Markle would receive a new ***** sment. The security review would be her first since police protection ended following the couple's 2020 royal exit. Meanwhile, Prince Harry would receive a separate ***** sment.
The Royal and VIP Executive Committee reportedly commissioned both reviews after their UK move. RAVEC determines eligibility for taxpayer-funded police protection. The couple have also been granted an interim security provision during the ***** sment process.
Additionally, RAVEC reportedly requested detailed schedules from the Duke and ***** ss of Sussex. That includes daily routines involving Archie, seven, and Lilibet, five. Their school runs could help officials ***** s potential risks.
#review
8 days ago
On September 10, 1-800-Flowers.com Inc. (NASDAQ:FLWS) reported fiscal 2026 results that read like a company still finding its footing after a hard year. Full year revenue fell 10.8% to $1.5 billion, and the fourth quarter alone dropped 12.9% to $293.1 million, as consumers stayed selective with discretionary spending on gifts and gourmet food. Buried under those declines, though, is a different story: inventory shrank, free cash flow improved by $55 million, and the company hit a two-year cost savings target a full year early. The question now is whether that discipline can outrun the sales slide.
1-800-Flowers spent fiscal 2026 tearing down the walls between its brands. Instead of separate teams running each brand in silos, the company shifted to functional teams built around marketing, merchandising, and the digital shopping experience, with one team now acting as store manager for every website. That shift already shows up in products: the floral business combined its florist-fulfilled and direct-ship merchandising teams, so the same popular arrangements are available either way, instead of competing against itself on one landing page. Harry & David rolled out a redesigned, mobile-first website with AI-powered search that is currently in A/B testing, and several low-traffic standalone sites were folded into harryanddavid.com to concentrate traffic rather than split it.
The financial discipline behind that reorganization is real. The company reached its $50 million cost savings run rate a full year ahead of schedule and has already lined up another $15 million to $20 million in savings for fiscal 2027, with the full benefit landing in fiscal 2028. That, combined with tighter working capital management, pushed free cash flow up $55 million year over year and cut inventory to $153 million from $177 million. Average order value rose 5.5%, third-party marketplace sales through Amazon, Walmart, and DoorDash are growing at double-to-triple-digit rates and are already contribution margin positive, and BloomNet grew 1.9% on the back of local delivery partnerships with apps like DoorDash and Instacart.
The rest of the story is bleaker. Total transactions fell 17.6% for the year, and the fourth quarter's decline was broad-based: consumer floral and gifts dropped 13.4% to $182.8 million as the company pulled back on promotional discounting, and gourmet foods and gift baskets fell 15.4% to $85.8 million, a decline made worse by the timing of Easter. Adjusted EBITDA for the year collapsed to $2.9 million from $29.2 million, and adjusted gross margin slipped 110 basis points to 38%. Even the fourth quarter's 34.7% gross margin leaned on a one-time $7 million tariff refund.
#fiscal
1-800-Flowers spent fiscal 2026 tearing down the walls between its brands. Instead of separate teams running each brand in silos, the company shifted to functional teams built around marketing, merchandising, and the digital shopping experience, with one team now acting as store manager for every website. That shift already shows up in products: the floral business combined its florist-fulfilled and direct-ship merchandising teams, so the same popular arrangements are available either way, instead of competing against itself on one landing page. Harry & David rolled out a redesigned, mobile-first website with AI-powered search that is currently in A/B testing, and several low-traffic standalone sites were folded into harryanddavid.com to concentrate traffic rather than split it.
The financial discipline behind that reorganization is real. The company reached its $50 million cost savings run rate a full year ahead of schedule and has already lined up another $15 million to $20 million in savings for fiscal 2027, with the full benefit landing in fiscal 2028. That, combined with tighter working capital management, pushed free cash flow up $55 million year over year and cut inventory to $153 million from $177 million. Average order value rose 5.5%, third-party marketplace sales through Amazon, Walmart, and DoorDash are growing at double-to-triple-digit rates and are already contribution margin positive, and BloomNet grew 1.9% on the back of local delivery partnerships with apps like DoorDash and Instacart.
The rest of the story is bleaker. Total transactions fell 17.6% for the year, and the fourth quarter's decline was broad-based: consumer floral and gifts dropped 13.4% to $182.8 million as the company pulled back on promotional discounting, and gourmet foods and gift baskets fell 15.4% to $85.8 million, a decline made worse by the timing of Easter. Adjusted EBITDA for the year collapsed to $2.9 million from $29.2 million, and adjusted gross margin slipped 110 basis points to 38%. Even the fourth quarter's 34.7% gross margin leaned on a one-time $7 million tariff refund.
#fiscal
8 days ago
Prince Archie and Princess Lilibet are switching schools two days after starting the new term
A spokesperson for Prince Harry and Meghan Markle tells PEOPLE, "The decision for the children to move schools was taken following a discussion with the family's security team about the practicalities of their current arrangements"
Getting Archie and Lili settled in "has been, and remains, their focus. Everything else will fall into place when the time is right," a source previously said about the family's recent return to the U.K.
Prince Archie and Princess Lilibet have switched schools just two days into the new year.
The children of Prince Harry and Meghan Markle — 7-year-old Archie and 5-year-old Lilibet — began classes in the U.K. last week after their family's move back to Harry's home country. However, the Duke and ***** ss of Sussex moved their kids to a different school amid security concerns.
#archie #lilibet #meghan #markle
A spokesperson for Prince Harry and Meghan Markle tells PEOPLE, "The decision for the children to move schools was taken following a discussion with the family's security team about the practicalities of their current arrangements"
Getting Archie and Lili settled in "has been, and remains, their focus. Everything else will fall into place when the time is right," a source previously said about the family's recent return to the U.K.
Prince Archie and Princess Lilibet have switched schools just two days into the new year.
The children of Prince Harry and Meghan Markle — 7-year-old Archie and 5-year-old Lilibet — began classes in the U.K. last week after their family's move back to Harry's home country. However, the Duke and ***** ss of Sussex moved their kids to a different school amid security concerns.
#archie #lilibet #meghan #markle
10 days ago
India and Afghanistan start their three-match T20I series at Arun Jaitley Stadium on Sunday.
Although Afghanistan Cricket Board (ACB) is hosting the series, the matches are being played in India as part of the arrangement between the two boards.
The series ends on September 17, coinciding with the beginning of the cricket tournament at the 2026 Asian Games in ***** an beginning September 24.
India, with Shreyas Iyer as their captain, would like to start the series off on the right foot against Afghanistan, who would be led by Ibrahim Zadran.
The Men in Blue won the bilateral series against Afghanistan in June when they completed a 3-0 ODI clean sweep.
#t20i #jaitley
Although Afghanistan Cricket Board (ACB) is hosting the series, the matches are being played in India as part of the arrangement between the two boards.
The series ends on September 17, coinciding with the beginning of the cricket tournament at the 2026 Asian Games in ***** an beginning September 24.
India, with Shreyas Iyer as their captain, would like to start the series off on the right foot against Afghanistan, who would be led by Ibrahim Zadran.
The Men in Blue won the bilateral series against Afghanistan in June when they completed a 3-0 ODI clean sweep.
#t20i #jaitley
11 days ago
Conagra Brands, Inc. (NYSE:CAG) faces a governance test alongside its turnaround. Reuters reported on September 7 that Institutional Shareholder Services, or ISS, recommended opposing executive compensation, citing weak financial performance and inadequately explained incentive targets.
The September 23 non-binding advisory vote covers fiscal 2026 named-executive compensation. It does not separately approve new CEO John Brase's package. Brase succeeded Sean Connolly on June 1, after fiscal 2026 ended, separating his compensation arrangements from the prior year's pay decisions.
The proxy lists Brase's annual base salary at $1.15 million, his annual incentive target at 150% of eligible salary, and annual long-term incentives of $7.3 million, split 60% into performance shares and 40% into restricted stock units. Incentive opportunities are not guaranteed realized pay.
Conagra Brands, Inc. (NYSE:CAG) needs executives willing to work through changes whose benefits may take several years to appear. Brase's priorities include restoring margins, investing in brands and the supply chain, simplifying operations, and rebalancing capital allocation.
A mix of performance awards and service-based equity can support that effort. Performance shares link rewards to results, while restricted units help retain leaders through disruption. Retention has value if it allows management to complete difficult changes instead of optimizing the next quarterly result.
#performance
The September 23 non-binding advisory vote covers fiscal 2026 named-executive compensation. It does not separately approve new CEO John Brase's package. Brase succeeded Sean Connolly on June 1, after fiscal 2026 ended, separating his compensation arrangements from the prior year's pay decisions.
The proxy lists Brase's annual base salary at $1.15 million, his annual incentive target at 150% of eligible salary, and annual long-term incentives of $7.3 million, split 60% into performance shares and 40% into restricted stock units. Incentive opportunities are not guaranteed realized pay.
Conagra Brands, Inc. (NYSE:CAG) needs executives willing to work through changes whose benefits may take several years to appear. Brase's priorities include restoring margins, investing in brands and the supply chain, simplifying operations, and rebalancing capital allocation.
A mix of performance awards and service-based equity can support that effort. Performance shares link rewards to results, while restricted units help retain leaders through disruption. Retention has value if it allows management to complete difficult changes instead of optimizing the next quarterly result.
#performance
11 days ago
USA Rare Earth, Inc. (NASDAQ:USAR) announced on September 4 that it completed the Serra Verde acquisition one day earlier, paying $300 million in cash and issuing approximately 126.8 million common shares. The transaction adds Brazil's Pela Ema mine to Less Common Metals in the United Kingdom, the Stillwater, Oklahoma, magnet facility, and the Round Top project in Texas.
Serra Verde began production in January 2024 but is still completing optimization and commissioning. Stage 1 is expected to reach an annual run rate of approximately 4,000 metric tons of total rare-earth oxide, or TREO, by year-end 2026. Stage 2 construction targets average annual production of 6,400 metric tons, with commissioning expected to begin within 12 months.
Serra Verde had $425 million of principal outstanding under its U.S. International Development Finance Corporation loan at June 30. At closing, a $100 million tranche was extinguished after related warrants were exercised, leaving approximately $325 million of principal. The unaudited pro forma combined balance sheet reported a $304.1 million debt carrying value after discounts and issuance costs.
Serra Verde gives USA Rare Earth, Inc. (NASDAQ:USAR) a producing source of dysprosium, terbium, and other rare earths used in permanent magnets. Combining mining, metals, alloys, and magnet manufacturing could capture more of the value chain outside Asia.
The Phase 1 offtake agreement supports revenue visibility. It covers 100% of Pela Ema's Phase 1 products, subject to limited carve-outs, and includes escalating price floors annually. The counterparty is a special-purpose vehicle capitalized by the U.S. government and private investors. The arrangement provides contractual price protection, subject to the counterparty's performance.
#earth #approximately #NASDAQ #usar
Serra Verde began production in January 2024 but is still completing optimization and commissioning. Stage 1 is expected to reach an annual run rate of approximately 4,000 metric tons of total rare-earth oxide, or TREO, by year-end 2026. Stage 2 construction targets average annual production of 6,400 metric tons, with commissioning expected to begin within 12 months.
Serra Verde had $425 million of principal outstanding under its U.S. International Development Finance Corporation loan at June 30. At closing, a $100 million tranche was extinguished after related warrants were exercised, leaving approximately $325 million of principal. The unaudited pro forma combined balance sheet reported a $304.1 million debt carrying value after discounts and issuance costs.
Serra Verde gives USA Rare Earth, Inc. (NASDAQ:USAR) a producing source of dysprosium, terbium, and other rare earths used in permanent magnets. Combining mining, metals, alloys, and magnet manufacturing could capture more of the value chain outside Asia.
The Phase 1 offtake agreement supports revenue visibility. It covers 100% of Pela Ema's Phase 1 products, subject to limited carve-outs, and includes escalating price floors annually. The counterparty is a special-purpose vehicle capitalized by the U.S. government and private investors. The arrangement provides contractual price protection, subject to the counterparty's performance.
#earth #approximately #NASDAQ #usar
11 days ago
Friday marked the 25th anniversary of the Sept. 11, 2001 terrorist attacks on New York City. And the two Major League Baseball teams who played a role in the city's emotional recovery met at Yankee Stadium to commemorate the occasion, allowing fans to remember and pay tribute to all those affected by what happened 25 years ago.
Both the New York Yankees and New York Mets wore first responder caps paying tribute to the FDNY and NYPD.
Earlier in the day, Yankees manager Aaron Boone was joined by Aaron Judge and Gerrit Cole to lay a wreath beside a plaque in Yankee Stadium's Monument Park paying tribute to the victims and heroes of 9/11.
New flower arrangement next to the permanent Monument Garden tribute to the victims & heroes of 9/11 at Yankee Stadium. Yankees will be commemorating the day later this evening before their game w/the Mets. pic.twitter.com/TonJac3XuT
Members of the 2001 team that advanced to the World Series took the field, beginning with manager Joe Torre. He was followed by key team leaders Jorge Posada and Paul O'Neill. Tino Martinez and Scott Brosius, who hit home runs in that World Series then joined their teammates. Finally, Hall of Famers Derek Jeter and Mariano Rivera came out to the pitching mound with the other five.
#yankee #yankees #stadium #aaron
Both the New York Yankees and New York Mets wore first responder caps paying tribute to the FDNY and NYPD.
Earlier in the day, Yankees manager Aaron Boone was joined by Aaron Judge and Gerrit Cole to lay a wreath beside a plaque in Yankee Stadium's Monument Park paying tribute to the victims and heroes of 9/11.
New flower arrangement next to the permanent Monument Garden tribute to the victims & heroes of 9/11 at Yankee Stadium. Yankees will be commemorating the day later this evening before their game w/the Mets. pic.twitter.com/TonJac3XuT
Members of the 2001 team that advanced to the World Series took the field, beginning with manager Joe Torre. He was followed by key team leaders Jorge Posada and Paul O'Neill. Tino Martinez and Scott Brosius, who hit home runs in that World Series then joined their teammates. Finally, Hall of Famers Derek Jeter and Mariano Rivera came out to the pitching mound with the other five.
#yankee #yankees #stadium #aaron
11 days ago
Howard Stern's wife, Beth Stern, is looking on the bright side as the radio host prepares for a major change to his longtime show.
Beth, 54, opened up about her husband's new schedule and HBO Max deal while attending the Alice + Olivia show during New York Fashion Week, according to a Daily Mail report published Thursday, September 10. Howard, 72, is cutting back to one new live Sirius XM show per week, while a video version of his program will stream on HBO Max each Thursday.
"It's actually great for me, because he's now going to start only working one day a week — so I get more Howard at home and he's still connected to the world, so it's a win-win for all of us," Beth said, per the report.
RR5/Rob Rich/WENN/Newscom/The Mega Agency
The new arrangement comes amid a shakeup at Sirius XM that saw Andy Cohen take over Stern's Howard 101 channel, the outlet reported. Stern will continue broadcasting his weekly live show on Howard 100 and working primarily from the studio at his Hamptons home.
#howard #working
Beth, 54, opened up about her husband's new schedule and HBO Max deal while attending the Alice + Olivia show during New York Fashion Week, according to a Daily Mail report published Thursday, September 10. Howard, 72, is cutting back to one new live Sirius XM show per week, while a video version of his program will stream on HBO Max each Thursday.
"It's actually great for me, because he's now going to start only working one day a week — so I get more Howard at home and he's still connected to the world, so it's a win-win for all of us," Beth said, per the report.
RR5/Rob Rich/WENN/Newscom/The Mega Agency
The new arrangement comes amid a shakeup at Sirius XM that saw Andy Cohen take over Stern's Howard 101 channel, the outlet reported. Stern will continue broadcasting his weekly live show on Howard 100 and working primarily from the studio at his Hamptons home.
#howard #working
12 days ago
Braze Inc. (NASDAQ:BRZE) turned in a strong second quarter. The reputed customer engagement platform showcased continued momentum across both its product strategy and financial performance. The company generated topline figure of $227.2 million, an impressive 26.2% increase compared to the same period last year. This revenue growth was fueled by upselling gains, customer additions and renewals. The company posted $24.2 million in cash flow from operating activities, a monumental growth relative to $7 million in the same period a year ago. This was paired with $21.7 million in free cash flow, against $3.5 million during Q2 FY26.
Jirsak/Shutterstock.com
The quarter brought several meaningful strategic moves. Braze broadened its BrazeAI Operator tool, which allows users to build new Canvas steps straight from conversational prompts. The company also signed a three-year Strategic Collaboration Agreement with AWS to support collaborative co-selling and go-to-market initiatives. The arrangement will incentivize AWS sellers for integrating Braze within their accounts.
For the latest quarter, subscription revenue jumped to $207.7 million from $171.8 million a year prior, while professional services and other revenue more than doubled, reaching $19.6 million. Dollar-based net retention among larger accounts, defined as those with annual recurring revenue of $500,000 or more, edged up to 112% in comparison to 111% a year earlier. Profitability metrics improved considerably as well, with adjusted operating income jumping to $22 million from $6 million, and adjusted diluted EPS increasing from $0.15 to $0.19.
Management cited growing demand for measurable return on investment as the primary force behind faster uptake of Braze's AI product lineup, which includes BrazeAI Operator, BrazeAI Agent Console, and BrazeAI Decisioning Studio.
#revenue
Jirsak/Shutterstock.com
The quarter brought several meaningful strategic moves. Braze broadened its BrazeAI Operator tool, which allows users to build new Canvas steps straight from conversational prompts. The company also signed a three-year Strategic Collaboration Agreement with AWS to support collaborative co-selling and go-to-market initiatives. The arrangement will incentivize AWS sellers for integrating Braze within their accounts.
For the latest quarter, subscription revenue jumped to $207.7 million from $171.8 million a year prior, while professional services and other revenue more than doubled, reaching $19.6 million. Dollar-based net retention among larger accounts, defined as those with annual recurring revenue of $500,000 or more, edged up to 112% in comparison to 111% a year earlier. Profitability metrics improved considerably as well, with adjusted operating income jumping to $22 million from $6 million, and adjusted diluted EPS increasing from $0.15 to $0.19.
Management cited growing demand for measurable return on investment as the primary force behind faster uptake of Braze's AI product lineup, which includes BrazeAI Operator, BrazeAI Agent Console, and BrazeAI Decisioning Studio.
#revenue
12 days ago
This story was originally published on Bisnow, the newsroom global commercial real estate reads first. To receive daily news and ******* ysis, subscribe to Bisnow's free suite of newsletters.
CBRE's investment management arm has acquired a 5-year-old net lease company with ******* ets totaling 12M SF across the U.S.
CBRE Investment Management purchased Cerberus Capital Management's Tenet Equity business for $1.6B, both sides of the transaction announced in separate news releases Tuesday. CBRE said it made the investment on behalf of several of its investment strategies but didn't disclose which ones.
Net leases are real estate arrangements in which tenants are responsible for fees typically ******* ociated with ownership, like insurance, maintenance and taxes. This is often executed through leaseback deals, in which a business sells its property for a cash infusion and then leases it back to remain a tenant.
Along with the acquisition, CBRE is launching a new strategy to further invest in net lease properties. Akash Shivashankara, a CBRE IM senior portfolio manager, will be heading that strategy.
#management
CBRE's investment management arm has acquired a 5-year-old net lease company with ******* ets totaling 12M SF across the U.S.
CBRE Investment Management purchased Cerberus Capital Management's Tenet Equity business for $1.6B, both sides of the transaction announced in separate news releases Tuesday. CBRE said it made the investment on behalf of several of its investment strategies but didn't disclose which ones.
Net leases are real estate arrangements in which tenants are responsible for fees typically ******* ociated with ownership, like insurance, maintenance and taxes. This is often executed through leaseback deals, in which a business sells its property for a cash infusion and then leases it back to remain a tenant.
Along with the acquisition, CBRE is launching a new strategy to further invest in net lease properties. Akash Shivashankara, a CBRE IM senior portfolio manager, will be heading that strategy.
#management
12 days ago
Oracle's remaining performance obligations surged 363% to $638 billion, but $56 billion in quarterly capex pushed free cash flow deeply negative.
Jensen Huang disclosed NVIDIA can only meet 70% of current demand, while CoreWeave burned $5.7 billion in Q2 free cash flow against $104 billion in backlog.
Just released. Our **** ysts combed the entire stock market and named the ten best stocks to buy right now, and Oracle didn't make the cut. Enter your email to see the names that beat ORCL. The report is free. Enter your email and see if any of your stocks made the cut.
OpenAI now plans to spend roughly $750 billion on compute infrastructure through 2030, a figure that represents a 25% increase from earlier 2026 estimates. The company still calls itself "really short" on capacity. That gap, between three-quarters of a trillion dollars in planned spend and a stated capacity shortfall, is the number that reframes every AI infrastructure bet on the board, starting with Oracle (NYSE:ORCL).
Oracle is the clearest public-market conduit for that OpenAI dollar. In Q4 FY26, Oracle disclosed remaining performance obligations of $638 billion, up 363% year over year, of which $75 billion is tied to prepaid or customer-supplied GPU arrangements. Cloud Infrastructure revenue reached $5.79 billion, up 93% year over year, and Oracle Multicloud AI Database grew 404% in Q4. Global GPU utilization sits at 97.5%, and management said "there's still a massively higher demand than there is supply."
#free #orcl
Jensen Huang disclosed NVIDIA can only meet 70% of current demand, while CoreWeave burned $5.7 billion in Q2 free cash flow against $104 billion in backlog.
Just released. Our **** ysts combed the entire stock market and named the ten best stocks to buy right now, and Oracle didn't make the cut. Enter your email to see the names that beat ORCL. The report is free. Enter your email and see if any of your stocks made the cut.
OpenAI now plans to spend roughly $750 billion on compute infrastructure through 2030, a figure that represents a 25% increase from earlier 2026 estimates. The company still calls itself "really short" on capacity. That gap, between three-quarters of a trillion dollars in planned spend and a stated capacity shortfall, is the number that reframes every AI infrastructure bet on the board, starting with Oracle (NYSE:ORCL).
Oracle is the clearest public-market conduit for that OpenAI dollar. In Q4 FY26, Oracle disclosed remaining performance obligations of $638 billion, up 363% year over year, of which $75 billion is tied to prepaid or customer-supplied GPU arrangements. Cloud Infrastructure revenue reached $5.79 billion, up 93% year over year, and Oracle Multicloud AI Database grew 404% in Q4. Global GPU utilization sits at 97.5%, and management said "there's still a massively higher demand than there is supply."
#free #orcl
12 days ago
DeepSeek has engaged CITIC Securities to prepare for an initial public offering on Shanghai's STAR Market, according to Reuters, citing two people with knowledge of the matter who spoke on condition of anonymity.
The Hangzhou-based AI startup aims to begin the IPO process this year, according to Reuters. The timing of a potential offering, the amount DeepSeek could seek to raise, and its target valuation have not been determined. DeepSeek and CITIC did not respond to requests for comment.
In China, firms pursuing a mainland listing are generally required to retain a securities company for pre-IPO tutoring before they can file an application, Reuters notes. The previously undisclosed arrangement with CITIC suggests DeepSeek is making concrete progress toward a public offering.
The IPO push comes as DeepSeek seeks capital to fund computing infrastructure, model development, and talent retention amid competition from rival Chinese and U.S. AI firms. A person familiar with the matter told Reuters that Liang Wenfeng sees the IPO as a way to build a compensation structure capable of holding onto the startup's most important engineers and researchers. The company has lost talent to rivals including ByteDance and Xiaomi.
According to Reuters, DeepSeek is currently raising a new funding round at a valuation of 500 billion yuan ($75 billion). In June, the startup closed a round of roughly $7.4 billion at a post-money valuation exceeding $50 billion, with Liang Wenfeng personally contributing 20 billion yuan. Tencent Holdings and battery company CATL contributed 10 billion yuan and 5 billion yuan, respectively, becoming the largest external shareholders, according to Reuters.
#deepseek #according #company
The Hangzhou-based AI startup aims to begin the IPO process this year, according to Reuters. The timing of a potential offering, the amount DeepSeek could seek to raise, and its target valuation have not been determined. DeepSeek and CITIC did not respond to requests for comment.
In China, firms pursuing a mainland listing are generally required to retain a securities company for pre-IPO tutoring before they can file an application, Reuters notes. The previously undisclosed arrangement with CITIC suggests DeepSeek is making concrete progress toward a public offering.
The IPO push comes as DeepSeek seeks capital to fund computing infrastructure, model development, and talent retention amid competition from rival Chinese and U.S. AI firms. A person familiar with the matter told Reuters that Liang Wenfeng sees the IPO as a way to build a compensation structure capable of holding onto the startup's most important engineers and researchers. The company has lost talent to rivals including ByteDance and Xiaomi.
According to Reuters, DeepSeek is currently raising a new funding round at a valuation of 500 billion yuan ($75 billion). In June, the startup closed a round of roughly $7.4 billion at a post-money valuation exceeding $50 billion, with Liang Wenfeng personally contributing 20 billion yuan. Tencent Holdings and battery company CATL contributed 10 billion yuan and 5 billion yuan, respectively, becoming the largest external shareholders, according to Reuters.
#deepseek #according #company
0.00$ raised of 0.00$ goal
0 donations
0.00$
to go
12 days ago
IG Wealth Management and Goldman Sachs ******* et Management have entered a partnership, covering a range of investment portfolios.
The arrangement links IG's financial planning operations with Goldman Sachs ******* et Management's investment management capabilities.
The firms are intended to give IG clients and retail investors in Canada access to diversified strategies spanning equities, fixed income and alternative ******* ets, using approaches previously used by institutional investors.
Goldman Sachs ******* et Management global head and multi-asset solutions co-chief investment officer and portfolio manager Alexandra Wilson-Elizondo said: "We believe a modern approach to ******* et allocation, dynamic investment strategies, robust risk management processes and well-diversified portfolios help clients achieve their objectives across market environments.
"We are excited to partner with IG to bring the capabilities of our Multi-Asset Solutions team to IG's clients across Canada."
#goldman #sachs #canada #portfolios
The arrangement links IG's financial planning operations with Goldman Sachs ******* et Management's investment management capabilities.
The firms are intended to give IG clients and retail investors in Canada access to diversified strategies spanning equities, fixed income and alternative ******* ets, using approaches previously used by institutional investors.
Goldman Sachs ******* et Management global head and multi-asset solutions co-chief investment officer and portfolio manager Alexandra Wilson-Elizondo said: "We believe a modern approach to ******* et allocation, dynamic investment strategies, robust risk management processes and well-diversified portfolios help clients achieve their objectives across market environments.
"We are excited to partner with IG to bring the capabilities of our Multi-Asset Solutions team to IG's clients across Canada."
#goldman #sachs #canada #portfolios
0.00$ raised of 0.00$ goal
0 donations
0.00$
to go
12 days ago
The first T20I between India and Afghanistan in New Delhi will go ahead as scheduled on September 13 despite concerns over security arrangements in the national capital during the BRICS Summit.
The match at the Arun Jaitley Stadium had come under a cloud of uncertainty after the Delhi Police sought a change in the schedule because of the security requirements surrounding the high-profile summit. The Delhi District Cricket ****** ociation (DDCA), however, said on Thursday evening that there would be no change to the match date.
"India–Afghanistan 1st T20I on 13 September at Arun Jaitley Stadium will go ahead as scheduled. Following a meeting with Delhi Traffic Police, DDCA has been ****** ured of all necessary support and arrangements," the ****** ociation said in a social media post.
The Afghanistan-India series will consist of three T20Is, with all matches being played at the Arun Jaitley Stadium in New Delhi. The series will run from September 13 to September 17.
India vs Afghanistan T20I schedule:
1st T20I: September 13, 7:00 PM IST — New Delhi
2nd T20I: September 15, 7:00 PM IST — New Delhi
3rd T20I: September 17, 7:00 PM IST — New Delhi
#t20i #jaitley
The match at the Arun Jaitley Stadium had come under a cloud of uncertainty after the Delhi Police sought a change in the schedule because of the security requirements surrounding the high-profile summit. The Delhi District Cricket ****** ociation (DDCA), however, said on Thursday evening that there would be no change to the match date.
"India–Afghanistan 1st T20I on 13 September at Arun Jaitley Stadium will go ahead as scheduled. Following a meeting with Delhi Traffic Police, DDCA has been ****** ured of all necessary support and arrangements," the ****** ociation said in a social media post.
The Afghanistan-India series will consist of three T20Is, with all matches being played at the Arun Jaitley Stadium in New Delhi. The series will run from September 13 to September 17.
India vs Afghanistan T20I schedule:
1st T20I: September 13, 7:00 PM IST — New Delhi
2nd T20I: September 15, 7:00 PM IST — New Delhi
3rd T20I: September 17, 7:00 PM IST — New Delhi
#t20i #jaitley
0.00$ raised of 0.00$ goal
0 donations
0.00$
to go
12 days ago
Celanese Corporation (NYSE:CE) agreed to sell another 19% of the Nutrinova food-ingredients joint venture to Mitsui & Co., Ltd. for approximately $152 million in cash. The transaction, expected to close in the fourth quarter subject to customary conditions, will reduce the retained interest of Celanese Corporation (NYSE:CE) from 30% to 11%.
The interest being sold generated approximately $4 million of equity earnings in 2025. The consideration therefore equals about 38 times that contribution, suggesting Celanese Corporation (NYSE:CE) is receiving a strong price for a noncore holding. The proceeds will reduce debt, fund upcoming maturities, and count toward the goal of Celanese Corporation (NYSE:CE) to generate $1 billion from divestitures by the end of 2027.
The disclosed economics favor the sale. Paying $152 million for an interest that generated $4 million of equity earnings implies an earnings yield of only about 2.6% for the buyer. Celanese Corporation (NYSE:CE) is exchanging a relatively small earnings contribution for immediate debt-repayment capacity and potential interest savings.
Celanese Corporation (NYSE:CE) also retains 11% of Nutrinova, preserving some participation if the food-ingredients venture expands. Under the related diketene-facility arrangement, Nutrinova will cover the facility's full purchase price and ongoing operating costs. Celanese Corporation (NYSE:CE) has no funding obligation, limiting capital exposure while retaining an economic interest.
Combined with the completed $500 million Micromax divestiture, the latest transaction would bring the combined announced transaction values of the two deals to approximately $652 million. That would represent about 65% of the $1 billion divestiture objective.
#NYSE #million #nutrinova
The interest being sold generated approximately $4 million of equity earnings in 2025. The consideration therefore equals about 38 times that contribution, suggesting Celanese Corporation (NYSE:CE) is receiving a strong price for a noncore holding. The proceeds will reduce debt, fund upcoming maturities, and count toward the goal of Celanese Corporation (NYSE:CE) to generate $1 billion from divestitures by the end of 2027.
The disclosed economics favor the sale. Paying $152 million for an interest that generated $4 million of equity earnings implies an earnings yield of only about 2.6% for the buyer. Celanese Corporation (NYSE:CE) is exchanging a relatively small earnings contribution for immediate debt-repayment capacity and potential interest savings.
Celanese Corporation (NYSE:CE) also retains 11% of Nutrinova, preserving some participation if the food-ingredients venture expands. Under the related diketene-facility arrangement, Nutrinova will cover the facility's full purchase price and ongoing operating costs. Celanese Corporation (NYSE:CE) has no funding obligation, limiting capital exposure while retaining an economic interest.
Combined with the completed $500 million Micromax divestiture, the latest transaction would bring the combined announced transaction values of the two deals to approximately $652 million. That would represent about 65% of the $1 billion divestiture objective.
#NYSE #million #nutrinova
0.00$ raised of 0.00$ goal
0 donations
0.00$
to go
14 days ago
Qualcomm (QCOM) on Tuesday said it has entered into a multi-generation custom chip deal with Amazon (AMZN). The companies say they are also developing networking capabilities and other future data center products.
Qualcomm stock climbed more than 5% on the news. Shares of Amazon were flat.
As part of the arrangement, Qualcomm has issued warrants to Amazon for 25 million shares of the company's common stock at a price of $161.26 per share.
The shares will vest in tranches based on Amazon placing purchase orders and completing those purchases with a total value warrant value of $60 billion.
"Qualcomm is pleased to work with AWS on customized silicon and connectivity solutions, bringing decades of leadership in advanced processing and power-efficient compute, to deliver breakthrough performance and enable the next generation of AI infrastructure," CEO Cristiano Amon said in a statement.
#qualcomm #generation #qcom
Qualcomm stock climbed more than 5% on the news. Shares of Amazon were flat.
As part of the arrangement, Qualcomm has issued warrants to Amazon for 25 million shares of the company's common stock at a price of $161.26 per share.
The shares will vest in tranches based on Amazon placing purchase orders and completing those purchases with a total value warrant value of $60 billion.
"Qualcomm is pleased to work with AWS on customized silicon and connectivity solutions, bringing decades of leadership in advanced processing and power-efficient compute, to deliver breakthrough performance and enable the next generation of AI infrastructure," CEO Cristiano Amon said in a statement.
#qualcomm #generation #qcom
14 days ago
Prince Harry and Meghan Markle had little warning before King Charles III publicly clarified in a letter to government officials that their royal status would remain unchanged.
On Tuesday, September 8, the day after the letter was released, a spokesperson for Harry, 41, and Meghan, 45, told the BBC that they "were a little surprised not to have been told about this in advance."
As In Touch previously reported, the unusual missive followed the couple's move back to Britain with their two children, Prince Archie, 7, and Princess Lilibet, 5, marking their return after six years in California.
James Whatling / MEGA
"To help avoid doubt or confusion, the King has directed that the following information be shared," the letter, issued on September 7 by Lord Chamberlain Richard Benyon, stated (per The Guardian), reaffirming the arrangement established when Harry, 41, and Meghan, 45, stepped back as working royals in 2020.
#told
On Tuesday, September 8, the day after the letter was released, a spokesperson for Harry, 41, and Meghan, 45, told the BBC that they "were a little surprised not to have been told about this in advance."
As In Touch previously reported, the unusual missive followed the couple's move back to Britain with their two children, Prince Archie, 7, and Princess Lilibet, 5, marking their return after six years in California.
James Whatling / MEGA
"To help avoid doubt or confusion, the King has directed that the following information be shared," the letter, issued on September 7 by Lord Chamberlain Richard Benyon, stated (per The Guardian), reaffirming the arrangement established when Harry, 41, and Meghan, 45, stepped back as working royals in 2020.
#told
14 days ago
A bombshell letter from King Charles allegedly blindsided Meghan Markle and Prince Harry. The couple's sudden return to the UK last month confused many about their position in relation to the royal family. They had stepped down as senior working royals in 2020 before moving to California. The letter from King Charles clarified the Sussexes' position.
According to the Daily Mail, Meghan Markle and Prince Harry were "surprised" by King Charles' letter. The letter in question allegedly clearly stated that the couple will be treated as "private citizens" and not working royals, as they were before they moved to the US in 2020.
In a statement to the media, a spokesperson for the couple said they did not have prior knowledge of the letter. The spokesperson said, "We were a little surprised not to have been told about this in advance," adding that the letter's publication caught the Sussexes off guard.
However, sources from the palace told the Daily Mail that the claim was "incorrect." The insiders noted Harry and Meghan had received the letter beforehand. They clarified that there had been no discussion between the Sussexes and the palace regarding the contents of the letter before its public release.
The Daily Mail noted that Harry and Meghan are allegedly concerned that the timing of the King's letter. The release coincides with an upcoming meeting about their security arrangements. Reportedly, the couple has asked for 24/7 armed police protection for themselves and their children, Prince Archie and Princess Lilibet. The children started school earlier this month, sparking concerns about their protection.
#harry #sussexes #allegedly
According to the Daily Mail, Meghan Markle and Prince Harry were "surprised" by King Charles' letter. The letter in question allegedly clearly stated that the couple will be treated as "private citizens" and not working royals, as they were before they moved to the US in 2020.
In a statement to the media, a spokesperson for the couple said they did not have prior knowledge of the letter. The spokesperson said, "We were a little surprised not to have been told about this in advance," adding that the letter's publication caught the Sussexes off guard.
However, sources from the palace told the Daily Mail that the claim was "incorrect." The insiders noted Harry and Meghan had received the letter beforehand. They clarified that there had been no discussion between the Sussexes and the palace regarding the contents of the letter before its public release.
The Daily Mail noted that Harry and Meghan are allegedly concerned that the timing of the King's letter. The release coincides with an upcoming meeting about their security arrangements. Reportedly, the couple has asked for 24/7 armed police protection for themselves and their children, Prince Archie and Princess Lilibet. The children started school earlier this month, sparking concerns about their protection.
#harry #sussexes #allegedly
14 days ago
LONDON – Another day, another royal drama.
Prince Harry and **** ss Meghan were surprised by a letter sent on behalf of King Charles on Sept. 7, USA TODAY understands. The letter clarified that there would be absolutely no change to their royal status, despite them moving back to Britain last month.
While palace sources told the BBC the duke and **** ss were made aware of the letter before it was made public, USA TODAY understands that this was not the case.
The letter said the couple, who stepped back from their senior roles within the royal family in 2020, will still not be able to use the "HRH" **** les of His and Her Royal Highness, and that they are considered "private citizens with commercial and charitable interests." The document underscored that there can be no half in/half out arrangement when it comes to the British royal family.
The letter, which was also shared with government and military officials on Monday, was seen by Harry and Meghan's team about an hour before it was shared by the British tabloids. The duke was in a meeting and, by the time his team could reach him, the letter was about to be shared publicly.
#harry #duke
Prince Harry and **** ss Meghan were surprised by a letter sent on behalf of King Charles on Sept. 7, USA TODAY understands. The letter clarified that there would be absolutely no change to their royal status, despite them moving back to Britain last month.
While palace sources told the BBC the duke and **** ss were made aware of the letter before it was made public, USA TODAY understands that this was not the case.
The letter said the couple, who stepped back from their senior roles within the royal family in 2020, will still not be able to use the "HRH" **** les of His and Her Royal Highness, and that they are considered "private citizens with commercial and charitable interests." The document underscored that there can be no half in/half out arrangement when it comes to the British royal family.
The letter, which was also shared with government and military officials on Monday, was seen by Harry and Meghan's team about an hour before it was shared by the British tabloids. The duke was in a meeting and, by the time his team could reach him, the letter was about to be shared publicly.
#harry #duke
15 days ago
Prince Harry and Meghan Markle were "surprised" by the letter circulated by Buckingham Palace reiterating their non-royal status, it emerged on Sept. 8
The letter was released to inform U.K. government departments and others of the arrangements in the light of the couple's return to the U.K. in August
The Duke and ****** ss of Sussex are believed to be staying in a private home outside of London, and their children Prince Archie, 7, and Princess Lilibet, 5, are starting school
Prince Harry and Meghan Markle were "surprised" by the timing of the letter circulated by Buckingham Palace clarifying their non-working royal status, PEOPLE understands.
In a guidance letter released on Monday, Sept. 7, a senior palace official reiterated the official positions of the Duke and ****** ss of Sussex. The letter, issued on behalf of Harry's father King Charles, was said to have been shared with the Sussexes' team.
#sept
The letter was released to inform U.K. government departments and others of the arrangements in the light of the couple's return to the U.K. in August
The Duke and ****** ss of Sussex are believed to be staying in a private home outside of London, and their children Prince Archie, 7, and Princess Lilibet, 5, are starting school
Prince Harry and Meghan Markle were "surprised" by the timing of the letter circulated by Buckingham Palace clarifying their non-working royal status, PEOPLE understands.
In a guidance letter released on Monday, Sept. 7, a senior palace official reiterated the official positions of the Duke and ****** ss of Sussex. The letter, issued on behalf of Harry's father King Charles, was said to have been shared with the Sussexes' team.
#sept
15 days ago
Rivian Automotive, Inc. (NASDAQ:RIVN) Chief Financial Officer Claire McDonough is stepping down at the end of October to join GE Vernova Inc. (NYSE:GEV) in the same role, Reuters reported on August 27, just as Rivian ramps up production of its cheaper R2 SUV amid fragile U.S. EV demand.
McDonough will formally take the GE Vernova CFO seat on January 1, 2027, succeeding the retiring Ken Parks. Rivian said her exit is "not the result of any disagreement" and that she is relocating to the East Coast to be closer to family. McDonough joined Rivian in January 2021, led the company through its $13.7 billion IPO later that year, and helped structure its $5.8 billion Volkswagen Group joint venture. Derek Mulvey, Rivian's vice president of finance, will serve as interim CFO starting October 30 while the company runs a search for a permanent replacement. The news lands as Rivian scales the R2, its $45,000-to-$58,000 SUV that began customer deliveries in June, with the stock trading near $17, down more than 75% from its IPO price.
Rivian Automotive, Inc. (NASDAQ:RIVN) keeps improving its business as it enters the next phase of its growth strategy. The company has started R2 deliveries, and management raised its annual delivery forecast last month as customers showed stronger interest in the lower-priced SUV. Rivian also continues to pursue profitability while growing its vehicle lineup. This is giving the company an opportunity to build a larger customer base through a more affordable model.
Rivian also has an experienced finance team that can maintain continuity after Claire McDonough's departure. McDonough will remain at Rivian through the end of October and help with the transition, while Vice President of Finance Derek Mulvey will take over as interim CFO. That arrangement gives Rivian time to search for a permanent replacement without forcing the company to manage an abrupt leadership gap during the R2 rollout.
GE Vernova Inc. (NYSE:GEV) gains a finance chief with experience in capital-intensive businesses, fundraising and cost management. McDonough helped Rivian take its business public, lead cost-cutting efforts and raise capital during its expansion. Those skills could benefit GE Vernova as the company expands its Power and Electrification businesses and manages rising demand for energy infrastructure.
#company #vernova #take #NASDAQ
McDonough will formally take the GE Vernova CFO seat on January 1, 2027, succeeding the retiring Ken Parks. Rivian said her exit is "not the result of any disagreement" and that she is relocating to the East Coast to be closer to family. McDonough joined Rivian in January 2021, led the company through its $13.7 billion IPO later that year, and helped structure its $5.8 billion Volkswagen Group joint venture. Derek Mulvey, Rivian's vice president of finance, will serve as interim CFO starting October 30 while the company runs a search for a permanent replacement. The news lands as Rivian scales the R2, its $45,000-to-$58,000 SUV that began customer deliveries in June, with the stock trading near $17, down more than 75% from its IPO price.
Rivian Automotive, Inc. (NASDAQ:RIVN) keeps improving its business as it enters the next phase of its growth strategy. The company has started R2 deliveries, and management raised its annual delivery forecast last month as customers showed stronger interest in the lower-priced SUV. Rivian also continues to pursue profitability while growing its vehicle lineup. This is giving the company an opportunity to build a larger customer base through a more affordable model.
Rivian also has an experienced finance team that can maintain continuity after Claire McDonough's departure. McDonough will remain at Rivian through the end of October and help with the transition, while Vice President of Finance Derek Mulvey will take over as interim CFO. That arrangement gives Rivian time to search for a permanent replacement without forcing the company to manage an abrupt leadership gap during the R2 rollout.
GE Vernova Inc. (NYSE:GEV) gains a finance chief with experience in capital-intensive businesses, fundraising and cost management. McDonough helped Rivian take its business public, lead cost-cutting efforts and raise capital during its expansion. Those skills could benefit GE Vernova as the company expands its Power and Electrification businesses and manages rising demand for energy infrastructure.
#company #vernova #take #NASDAQ
15 days ago
By Andrew Osborn
MOSCOW, Sept 7 (Reuters) - North Korea and Russia opened their first road bridge on Monday in a carefully choreographed display of friendship, a structure which spans the Tumen river and which both sides cast as an important milestone in their deepening strategic partnership.
The first flag-adorned trucks trundled across the 1 km (0.6 mile) long two-lane bridge as Russian Prime Minister Mikhail Mishustin and North Korea's Premier Pak Thae Song tuned in by video link to address workers and government officials from both countries.
Construction of the new bridge, which had been under discussion for years, began in April last year after the project was agreed during a visit by President Vladimir Putin to North Korea in 2024. There are already direct air and rail links between Moscow and Pyongyang, but until Monday there had not been a proper road link. Instead, since 1959 and by special arrangement, planks had been placed on the nearby rail bridge - for decades the sole border crossing point - in order to move vehicles across the border between the two countries.
"I am convinced that the expansion of cross-border transport infrastructure will provide a powerful impetus for the further development of trade, economic, scientific, technological and cultural cooperation," said Mishustin, who said ties between Moscow and Pyongyang were "at an unprecedented high level" and called the opening of the bridge "a genuinely historic event."
#bridge #moscow #korea
MOSCOW, Sept 7 (Reuters) - North Korea and Russia opened their first road bridge on Monday in a carefully choreographed display of friendship, a structure which spans the Tumen river and which both sides cast as an important milestone in their deepening strategic partnership.
The first flag-adorned trucks trundled across the 1 km (0.6 mile) long two-lane bridge as Russian Prime Minister Mikhail Mishustin and North Korea's Premier Pak Thae Song tuned in by video link to address workers and government officials from both countries.
Construction of the new bridge, which had been under discussion for years, began in April last year after the project was agreed during a visit by President Vladimir Putin to North Korea in 2024. There are already direct air and rail links between Moscow and Pyongyang, but until Monday there had not been a proper road link. Instead, since 1959 and by special arrangement, planks had been placed on the nearby rail bridge - for decades the sole border crossing point - in order to move vehicles across the border between the two countries.
"I am convinced that the expansion of cross-border transport infrastructure will provide a powerful impetus for the further development of trade, economic, scientific, technological and cultural cooperation," said Mishustin, who said ties between Moscow and Pyongyang were "at an unprecedented high level" and called the opening of the bridge "a genuinely historic event."
#bridge #moscow #korea
