Princess Benedikte of Denmark continues to prove that timeless elegance never goes out of style. The 82-year-old royal, who is the younger sister of Queen Margrethe II, made a colorful appearance in Copenhagen, stepping out in a striking fuchsia ensemble that combined classic royal sophistication with a bold fashion statement.
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King Frederik makes a symbolic change to a 20-year royal tradition linked to his mother, Queen Margrethe
Queen Mary of Denmark turns heads in chic countryside look with plaid skirt and statement hat
Queen Margrethe brings back her walker, but keeps it out of the royal portrait

#margrethe #statement

Mumbai Indians on Friday announced their new-looked support staff for IPL 2027, appointing Robin Uthappa as batting coach, Mitchell McClenaghan as bowling coach, T. Dilip as fielding coach and Dhawal Kulkarni as development bowling coach.

The four will work alongside head coach Kieron Pollard, who replaced Mahela Jayawardene last week, as Mumbai Indians put together a new coaching group ahead of the next season.

Uthappa, McClenaghan and Kulkarni have previously represented Mumbai Indians as players. Pollard, meanwhile, has been ******* ociated with the franchise for 16 years.

Uthappa was part of India's squad that won the inaugural ICC Men's T20 World Cup in 2007. He represented Mumbai Indians in 2008 and brings experience from Indian domestic and franchise cricket.

McClenaghan was part of Mumbai Indians' ******* le-winning campaigns in 2015, 2017, 2019 and 2020. The New Zealand pacer represented the franchise between 2015 and 2020 and will now take charge of the bowling group.

Dilip joins Mumbai Indians after working with the India men's team. He was part of the coaching staff during India's ******* le wins at the 2024 and 2026 ICC Men's T20 World Cups and the 2025 ICC Champions Trophy.

Kulkarni, a two-time IPL champion with Mumbai Indians in 2013 and 2020, returns to the franchise after representing the team in two spells — from 2008 to 2013 and again in 2020-21.

The former Mumbai pacer will work closely with the coaching staff during the season, focusing on the development of the team's bowling resources, particularly young Indian bowlers. His role will continue throughout the year, providing support to players and helping the franchise strengthen its pool of bowling talent.

The coaching overhaul comes after Mumbai Indians, who are five-time IPL champions, performed below-average last season.

#Mumbai #indians #coach #bowling

The 2026 season might have been a struggle for the North Hunterdon High School football team, but last weekend's victory over neighborhood rival Voorhees in the 51st annual Milk Can Game is a good way to go into the offseason on a supremely positive note.
Senior Matt Esposito led the way in the 21-18 victory, which increased the Lions all-time lead in the series to 36-14-1 and gave them their first victory of the season. Esposito rushed 27 times for 193 yards and the three touchdowns, including two in the second half. He also pitched in five tackles on defense, plus an interception.
The senior finishes with 916 yards and nine scores for the season, plus a receiving touchdown, while recording 36 tackles, two interceptions and a forced fumble in the Lions' defensive secondary.
"Matt had a tremendous year and was an instrumental piece to the team," North Hunterdon coach CJ Robinson said. "He brings the effort, attitude, and toughness on Friday nights. His performance last week is a great reflection of the work and commitment he's put in this year. To see him play at that level and help lead our team to a win was special. We were fortunate to have had him as part of our program."
Simeon Pincus has covered NJ sports since 1997. He can be reached at SPincusGannettNJ.com. Follow him on Twitter SimeonPincus

#team #hunterdon #matt

The Washington Commanders appear to be making a change with their latest addition. Last week, the Commanders hired former NFL head coach and longtime defensive ****** istant Steve Wilks to a role on the coaching staff. According to head coach Dan Quinn and general manager Adam Peters, Wilks would spend part of the week in Ashburn working on game planning with the coaching staff and would not be involved in on-field player instruction.
For the first time since his hire became official, defensive coordinator Daronte Jones spoke about what Wilks brings to the Commanders.
"That was something that we had talked about back in training camp, but just for the value of experience that he has, we felt like we could use his resources and his expertise in some categories and experience," Jones said on Thursday.
Jones was asked whether Wilks' presence would let him, as a first-time NFL defensive coordinator, focus on other areas.
"Yeah, still working through how. It definitely does free me up in certain ways and just still manufacturing, working through how exactly we wanna disperse that, the workspace. So, we're still working through those a little bit."

#wilks #week #head

One compelling reason the words "Game 7" stir the sports fan's soul: It seldom happens.
Only six times in Bay Area history has a local franchise played in Game 7 with the championship at stake. And only three times has that captivating, tension-filled, winner-take-all event taken place here: Giants-Yankees in the 1962 World Series, A's-Mets in the 1973 World Series and Warriors-Cavaliers in the 2016 NBA Finals.
Now we have a fourth entry.
Saturday's Game 7 of the WNBA Finals at Chase Center, featuring the Golden State Valkyries and Atlanta Dream, counts as a milestone on multiple levels. It also will mark the first time a WNBA postseason series has reached Game 7 - the league adopted a best-of-seven Finals format last year, when Las Vegas swept Phoenix.
The previous year, in 2024, New York and Minnesota went the distance in their best-of-five Finals (the Liberty won 67-62 in Game 5). Any decisive game brings sporting theater, but Game 7s carry extra cachet - as the culmination of a long series, with sustained drama and wild momentum swings.

#series #only #year #area

49ers' 7-round 2027 NFL Draft according to PFF mock draft simulator during bye week appeared first on ClutchPoints. Add ClutchPoints as a Preferred Source by clicking here.
Someone thinks the San Francisco 49ers got a steal in the DeForest Buckner trade. Do the 49ers plan on more deals? But this is a bye week for the 49ers. So let's look ahead to the 2027 NFL Draft and see what the Pro Football Focus mock simulator says they will get.
The 49ers are rolling with a record of 6-1, even though they're coming off a loss to the Falcons. It's looking like they will have a low first-round draft pick in 2027.
It's a great combination when a cornerback can flat-out run and also be a guy who can make tackles. And Brown brings those things to the field, according to NFL Draft Buzz.
Watch sports LIVE with fuboTV (free trial)

#clutchpoints #mock #source

Gennaro Gattuso is thrilled with the Lazio players who produced a fabulous performance against Juventus on Sunday.
The Biancocelesti extended their superb start to the Serie A campaign by registering their sixth win in seven rounds. Oliver Provstgaard, Gustav Isaksen, and Fisayo Dele-Bashiru all got on the scoresheet as Lazio returned from Turin with a 3-0 victory. This was certainly the team's best result of the season, especially considering the size of the opponent.
In his post-match interviews (via La Lazio Siamo Noi), Gattuso expressed his delight with the team, taking great pleasure in their ability to overcome the odds after being tipped to fight for relegation by some observers at the start of the season.
We're not looking at the league table. We have to keep working hard and maintain the right mentality. I've seen a lot in this game, and we have a clear path to follow: work. People were writing us off as dead and saying we would be fighting relegation. But our path was the right one, and the players believed in it. We'll see where we end up.We like to press our opponents, get tight to our markers and play offensively. That brings benefits. We can't sit back and manage games; we have to keep pressing forward aggressively. On a personal level, it's a pleasure to work with these players, too.
The Calabrian admits that he almost gave up on coaching at one point during his career, but he has now found internal serenity.

#lazio #players #start #season

WEST LAFAYETTE — You can call Purdue basketball's 87-55 exhibition victory over Ball State on Sunday a soft opening.
Rehearsals for the regular season continue, and roles remain up for grabs on a remade roster. The vibe around the 11 Boilermakers who shared relatively equal minutes, though, remains one of anticipation for what lies ahead.
You may need to give this new cast some time to come together. Those players – some character actors vying to become stars, some understudies stepping into the spotlight for the first time – like where this is headed.
They cannot offer the **** urance which comes with returning Final Four starters, roles chiseled in stone and championship expectations set as an afterthought. What was on display Sunday, though, was a new and different energy – one with unrealized upside.
"I feel that's what makes this team good and makes this team different, is the balance we have between all our guards and our bigs," redshirt freshman guard Antione West Jr. said. "Everybody brings something. There's no weak points or anything we lack in our guards, so it just brings a sense of balance. I think that's our identity."

#guards

The Pakistan ODI Tri-Series 2026 brings together the hosts, England and Sri Lanka for a 50-over tournament that runs from October 18 to October 31.
All seven matches will be played at two venues, Rawalpindi Cricket Stadium and the Gaddafi Stadium in Lahore, with six league fixtures leading into a final between the top two sides.
The competition starts in Rawalpindi on October 18, when Pakistan take on Sri Lanka.
Pakistan's 16-member squad began its preparation at Rawalpindi Cricket Stadium on Thursday.
Captain Shaheen Shah Afridi led the group through a three-hour session from 4 pm to 7 pm, held under head coach Mike Hesson and a support staff that includes batting coach Mike Smith, bowling coach Shaun Tait and fielding coach Mansoor Amjad.

#october #Pakistan #lanka #england

Meghan Markle turned heads in London when she met up with ***** el Peace Prize laureate Malala Yousafzai. But it was the jaw-dropping price tag that got everyone talking.
Meghan, 45, was photographed embracing Malala, 29, outside London's luxury hotel Claridge's on Wednesday, October 7, before the pair went their separate ways.
In photos published by the Daily Mail, the ***** ss of Sussex wore $2,247 white satin Masina trousers by Ralph Lauren, an $832 pale beige cashmere sweater by Los Angeles-based label CO and a light brown $2,240 Tove Studio coat. Her black Chanel purse was valued at more than $9,000, while her Saint Laurent ivory-and-tan "Chris" flats retailed for $1,050.
That brings the estimated value of her clothing and bag to over $15,000. She finished the look with a Logan Hollowell Lovers Duet Diamond and Emerald Chain necklace, valued at an estimated $21,415. Altogether, the ensemble reportedly came to roughly $37,000.
The figure didn't sit well with some online commenters.

#estimated #markle

Several world-famous celebs gathered for the Louis Vuitton Spring/Summer 2027 show during Paris Fashion Week. Among the stars in Paris was Zendaya, who not only turned heads with her look but also made headlines for a brief interaction she had with Brigitte Macron, the First Lady of France.
In a video shared by Alexandre Maras, editor-in-chief of Paris Match, you can see the exact moment Brigitte Macron walks over to greet the Dune actress. During this brief encounter in the Cour Carrée of the Louvre Museum, 30-year-old Zendaya remained seated. The president's wife leaned in slightly to shake the actress's hand. The Euphoria star returned the gesture, shook her hand, and said it was a pleasure to meet her.
Moments before 73-year-old Brigitte Macron approached Zendaya, Bernard Arnault, CEO of the luxury group LVMH, had also greeted the actress. The executive leads the luxury conglomerate that brings together more than 75 internationally renowned brands, such as Louis Vuitton, Christian Dior, Fendi, Celine, Loewe, Givenchy, Marc Jacobs, Kenzo, among others.
Bernard Arnault and Zendaya at the Louis Vuitton fashion show (@ WWD via Getty Images)
Zendaya behaved the same way with Arnault; she greeted him, shook his hand, and stayed in her seat. Debate quickly erupted on social media. Some argued that the actress should have stood up out of courtesy and greeted them both on her feet—first, because of their positions as First Lady and top executive, and second, because they are older.

#louis

Matthew Lillard answered, "No. Not really," when asked whether he feels valued by Hollywood as an artist. The 56-year-old was speaking with Tommy DiDario on the Oct. 6 episode of I've Never Said This Before.
In an excerpt shared exclusively with PEOPLE, the Scream and Scooby-Doo actor said colleagues who have worked with him recognize what he brings to a production. He described trying to keep the atmosphere on set light while remaining dedicated to the work.
At conventions, he sees older and younger admirers waiting in long lines to meet him. He believes Hollywood underestimates that audience and said he takes pride in the connection he has built with fans.
Lillard emphasized that he is grateful to be approaching 40 years in the business. He said his frustrations were harder to live with when he was younger, when he was more impatient for a chance to move up.
Lillard described himself as quirky, gangly and energetic, capable of broad comedy and serious dramatic work. He said casting decision-makers are more comfortable with performers who fit a recognizable movie-star image, while his combination of qualities has made him harder to place.

#lillard

Mike Tindall takes a surprisingly formal approach when addressing his mother-in-law, Princess Anne. The former professional rugby player is married to the royal's daughter, Zara Tindall, and while most husbands refer to their mothers-in-law by their first name, he opts for a more traditional greeting.
When the 47-year-old appeared on ITV's Good Morning Britain in 2024 with fellow former rugby pro James Haskell to chat about their podcast, The Good, The Bad & The Rugby, he explained about previously featured Princess Anne and the Prince and Princess of Wales as guests.
Mike is married to Zara Tindall (@ Getty Images)
"They were amazing," Mike said of his in-laws before explaining why he wanted to bring them onto the podcast. "Rugby has been going through a tough time and we wanted to showcase why it brings people together from all backgrounds, it's such an inclusive sport, but it also creates great human beings," he said. "It was more important to showcase why they like sport, why Princess Anne has been a patron of [the Scottish Rugby Union] for 37 years and why she loves the characters in the game.
Mike revealed he calls Princess Anne "Mam" (@ Photo: Getty Images)

#princess #Rugby #tindall #getty

An expert has explained Prince Harry's decision to shield Prince Archie and Princess Lilibet from public attention. The Duke and ****** ss of Sussex have been fiercely protective of their kids' privacy since their births. To date, the couple has avoided releasing full-face images of the royal children.
A royal expert has offered insight into why Prince Harry and Meghan Markle's children have largely stayed out of view.
According to Royal Editor Matt Wilkinson, the Duke's own upbringing is key to understanding his parenting approach. Having spent his entire childhood in front of the cameras, Harry is now hyper-aware of what constant public attention can do.
Speaking on the A Right Royal podcast, Wilkinson explained, "My understanding of this, or up to a certain stage, is that Harry would much rather his children were not seen. He doesn't want them to be tapped."
As reported by the Daily Express, he further noted that Markle brings a different perspective to the decision. Having had a private California upbringing, she likely wouldn't feel the same instinct to keep them out of sight.

#prince #wilkinson #decision

Before we get worried about recessions or market crashes, let's put a 10% drop in context. Going back to 1980, the S&P 500 has fallen 10% or more in roughly half of all calendar years, and a correction of that size has historically shown up about once every 12 to 18 months.
What makes a 10% decline packed into a single month unusual isn't the size of the drop, it's the speed: that kind of compressed move tends to show up during sudden shocks rather than the slower grind most corrections take. Even so, it's happened before, and the market has recovered every time.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
My goal here isn't to predict whether October brings one. It's to point to three consumer businesses whose underlying demand doesn't particularly care what the stock market does that month.
Procter & Gamble (NYSE: PG) makes Tide, Pampers, Crest, and Gillette. These products are the kind of household basics people buy again almost automatically, recession or not. That steadiness shows up in the numbers. P&G generated more than $87 billion in revenue in its 2026 fiscal year and returned over $15 billion to shareholders through dividends and buybacks.

#market #flashing #every #month

Paramount closed its $81 billion (€72bn) purchase of Warner Bros. Discovery, the companies announced on Tuesday, forming a new Hollywood giant called Skydance.
The merger brings HBO Max, films ranging from "Harry Potter" to "Sinners", and networks including CNN under the same roof as Paramount+, CBS and ******* les such as "Top Gun" and "The Godfather".
"Today is a historic day, not just for Skydance but for our entire industry," CEO David Ellison said in a statement.
The deal further concentrates power in an industry already run by just a handful of major players. Ellison's Skydance bought Paramount in an $8bn (€7.1bn) deal last year, and set its sights on Warner soon afterwards.
What followed was a tumultuous, yearlong fight over Warner's fate. Including billions of dollars in debt, Paramount's buyout of Warner amounts to nearly $111bn (€98.6bn).

#paramount #including #deal

The $110 billion merger of Paramount Skydance and Warner Bros. Discovery closed on Tuesday after Supreme Court Justice Elena Kagan denied a last-minute effort to halt the deal.
The new company — known as Skydance (SKYD)— brings the HBO Max and Paramount+ streaming services under one umbrella, roughly seven months after Paramount won a long bidding war with Netflix (NFLX) for Warner Bros.
The merger faced plenty of pushback and a long road to closing.
"The completed transaction unites two of media and entertainment's most storied companies, each with a history spanning more than a century, giving the combined business a rare legacy to build on," Skydance stated in a press release. "The aim of the combined company is to build the next-generation global media and entertainment company powered by creativity and technology."
The company's entertainment franchises span "Sopranos" to "SpongeBob SquarePants" and "Euphoria" to "Harry Potter." The portfolio also encompasses television networks CBS, CBS News, CBS Sports, CNN, TNT, TBS, Nickelodeon, and MTV, among others.

#build

Google and Constellation Energy announced a 20-year power purchase agreement on Tuesday to bring 890 megawatts of new nuclear capacity onto the PJM Interconnection grid, with Constellation committing more than $4.3 billion to fund the build-out.
The capacity will be generated through turbine, steam generator, and digital control system upgrades at 11 Constellation nuclear units in Illinois, Pennsylvania, and New Jersey, the companies said. The first uprate is expected to be delivered by 2028. The agreement is expected to sustain roughly 4,400 existing jobs and create approximately 7,200 new construction jobs during the building period.
Alongside the power purchase agreement, the companies entered into a separate 15-year energy supply agreement covering an additional 2,700 megawatts from Constellation's existing fleet in the PJM market, the company said.
"We're committed to meeting our growth responsibly by actively investing in clean, reliable power that brings new capacity to our nation's grids," Amanda Peterson Corio, global head of energy and power at Google, said in a statement. "Our agreement with Constellation to fund nuclear reactor uprates will strengthen the PJM grid, which serves 67 million people, all while protecting energy affordability and supporting local union jobs."
Joe Dominguez, chairman, president and CEO of Constellation, said in a statement that the collaboration "can serve as a model for how technology companies and the energy industry can work together to responsibly develop the digital economy."

#energy #capacity #Jobs

Next Generation Collective has teamed with The Kids Mental Health Foundation on an initiative to help young people in entertainment, music and the creator economy navigate growing up in the public eye. The initiative was launched Tuesday at Hollywood & Mind's inaugural summit at iHeartMedia in New York City.
Designed for young people, families and the professionals who support them, Next Generation Collective brings together clinical mental health expertise, entertainment industry leadership and lived experience to provide practical, expert-informed guidance on mental health, boundaries, pressure and the realities of working on set, performing, creating content and building a public profile at a young age. It will also serve as an additional resource for studios, productions, agencies, managers and platforms supporting young talent.
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#mental

Burry is mitigating near-term tax selling in underperforming holdings.
The investor foresees an early end to the artificial intelligence boom, positioning for a 2000–2003 style value equity revival.
Significant capital is being directed into discounted Chinese equities like BYD, while maintaining a cautious stance on Alibaba amidst its infrastructure spending.
Renowned value investor Michael Burry outlined his fourth-quarter portfolio maneuvers in an update on his Cassandra Unchained Substack platform on Monday, revealing how he is positioning around tax-loss harvesting headwinds while building long-term exposure to deeply discounted sectors.
Burry noted that the final quarter routinely brings heightened selling pressure on underperforming equities as investors sell underperforming ***** ets at a loss to offset capital gains.

#burry #positioning #capital #equities

Apple (NASDAQ: AAPL) is recognized as one of the world's most elite businesses. And as a result of its success, investors have profited immensely. The consumer discretionary stock has soared 1,070% in the past decade (as of Oct. 2).
But the company's capital allocation policy also favors investors in another minor way, one that brings in an income stream. Here's how many Apple shares you'd need to make $10,000 in yearly dividends.
Missed AI's "Act 1"? Act 2 Could Be 14x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ****** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Apple currently pays a dividend that totals $1.08 per share on an annual basis. This means that investors would need to own 9,259 shares to generate $10,000 in yearly income. At the current stock price of $331.22, investors must fork over almost $3.1 million to buy enough shares.
Clearly, Apple isn't a compelling dividend stock. Its dividend yield is extremely low at 0.32%. However, the payout has grown by 89% in the past 10 years.

#investors #Stock #income #yearly

Daniel Coleman, the creator of the YouTube series Danny Go!, has paid tribute to his beloved late son Isaac Coleman on what would have been his 15th birthday.
In an emotional post on Instagram on October 4, Daniel, 41, remembered Isaac who died in May after he was diagnosed with stage 3 mouth cancer.
"Isaac would have turned 15 today. It's been four and a half months since he passed, and the deep sense of loss has only gotten stronger," he wrote. "We talk about him constantly, and the reminiscing always brings such a strange mix of joy, pride, nostalgia and pain."
Instagram danielspaniels
He added, "Still, we are learning how to move forward as a family and have cherished all the stories and memories we've heard today from those that loved him."

#Instagram #today

WASHINGTON (AP) — The U.S. military said it attacked a boat suspected of being used to smuggle drugs in the Caribbean Sea on Sunday, killing four people, as the Trump administration continues its yearlong campaign against alleged traffickers in Latin America.
The latest attack brings the number of people who have been killed in boat strikes by the U.S. military to at least 235 in 70 strikes since the Trump administration began targeting those it calls "narcoterrorists" in September 2025. As with most of the military's statements on strikes in the eastern Pacific Ocean and Caribbean Sea, U.S. Southern Command said it targeted the alleged drug traffickers along known smuggling routes.
The military did not provide evidence that the vessel was ferrying drugs. A video posted on X showed what appeared to be an explosion destroying a moving boat, which the military said was a go-fast vessel.
The Trump administration is pursuing deals with allied nations to extend its offensive to land across multiple Latin American countries. Defense Secretary Pete Hegseth said during a visit to Panama in August that Colombia, Guatemala and Honduras had agreed to allow the U.S. to carry out joint military operations against criminal groups on their soil. Guatemala denied reaching such a deal. Ecuador launched similar missions with the U.S. in March.
President Donald Trump has said the U.S. is in "armed conflict" with cartels in Latin America and has justified the attacks as a necessary escalation to stem the flow of drugs into the United States and fatal overdoses claiming American lives. But his administration has offered little evidence to support its claims of killing smugglers.

#boat #caribbean

Ines de Ramon brought a romantic touch to Paris Fashion Week, with a little edge beneath the ruffles.
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#ines #close

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
The CEO of Anthropic, one of the most valuable pure-play AI companies in the world, has some reservations about AI.
In a post (1) to his personal website, Anthropic CEO Dario Amodei called for companies to slow the development of increasingly capable AI models so safety measures can catch up. After listing some of the potential future benefits of AI — including his belief that it could "cure most major diseases" — Amodei acknowledged that it also "brings risks."
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
A single line on your car insurance policy could be inflating your premium by up to 30% — here's what to change

#anthropic #amodei #Companies #moneywise

Generac Holdings (GNRC) shares ripped higher on Sept. 17 after management announced a multi-billion-dollar commercial partnership with Amazon (AMZN). In its press release, GNRC said its pivotal supply agreement with the cloud and e-commerce giant is designed to furnish backup power solutions for its expanding data center footprint.
The AMZN news brings much-needed reprieve to Generac stock that was otherwise down roughly 40% versus its year-to-date high in late June.
Why It's Time to Load Up on Nvidia Stock
ORCL Stock Layoffs: What to Know About the Latest Oracle Job Cuts
Dear Tesla Stock Fans, Mark Your Calendars for October 1

#amzn #holdings #load

Grab Holdings (NASDAQ:GRAB), a super-app for ride-hailing, deliveries, and digital financial services, closed at $2.87, down 1.37%. The stock moved after Grab announced a $1.49 billion cash deal for a 60% stake in Atome Financial. Investors are watching the financial services expansion and consumer lending reach looking ahead. Trading volume reached 82.1M shares, coming in about 72% above its three-month average of 47.6M shares. Grab Holdings IPO'd in 2020 and has fallen 76% since going public.
The S&P 500 (SNPINDEX:^GSPC) fell 0.43% to 7,553, and the Nasdaq Composite (NASDAQINDEX:^IXIC) slipped 0.01% to 25,978. Among ride-hailing, delivery, and consumer fintech platforms, Uber Technologies (NYSE:UBER) closed at $71.01, down 0.59%, while Lyft (NASDAQ:LYFT) finished at $15.69, unchanged, as mobility peers remained in focus.
Grab, the Southeast Asian delivery, mobility, and financial services upstart, continues to show it intends to become the leading "superapp" in its niche after acquiring 60% of Atome Financial for $1.49 billion today. Prior to the deal, Grab held over $6 billion in cash versus minimal debt, so the deal shouldn't be a funding problem by any means.
Atome Financial operates in five of Grab's six markets and brings over 25 million unique transacting users, helping to beef up the latter's fintech offerings. Atome has seen its gross merchandise volume grow ninefold over the last six years and is profitable on an adjusted EBITDA basis.
As of 2024, merely 5% of Southeast Asian adults owned a credit card and only 14% had borrowed from a financial institution, so the potential here for Grab could be massive if they execute successfully upon this opportunity.

#billion #deal #lyft

The Federal Reserve raised its benchmark interest rate by a quarter percentage point on Wednesday, the first increase since July 2023, with Fed Chair Kevin Warsh saying inflation has been "too high ... for too long."
The decision, reached by a unanimous 12-0 vote of the Federal Open Market Committee, brings the federal funds rate to a new target range of 3.75%–4%. The Fed's post-meeting statement pointed to persistent price pressures and a durable economy, declaring: "Inflation remains elevated. Today's policy action will support a timelier return to the Committee's 2 percent goal. The Committee will deliver price stability."
At a news conference following the decision, Warsh said the Fed needed to be confident "that underlying inflation is moving to our objective clearly and at sufficient speed," adding that the FOMC had determined "this standard has not been satisfied." He pointed to three converging factors — a robust labor market, inflation still running above target, and ongoing conflict in the Middle East — as driving the committee's unanimous vote.
The Dow Jones Industrial Average shed more than 400 points in afternoon trading following the Fed's move. The S&P 500 and the tech-heavy Nasdaq Composite also slumped.
Updated economic projections released Wednesday showed FOMC participants nudged their inflation forecasts higher. The median projection for headline PCE inflation this year rose to 3.7% and core PCE to 3.4%, each up 0.1 percentage point from the June forecast, the Fed said. Officials do not expect inflation to return to the 2% target until 2029. The median unemployment rate projection for 2026 fell to 4.1%, down from 4.3% in June, while the GDP growth outlook rose to 2.3% from 2.2%.

#federal #rate #committee

By Akash Sriram
Sept 16 (Reuters) - Impulse ***** e has raised $308 million in an extension of the Series D funding round, the startup building ***** ecraft ‌to move satellites and other payloads said on Wednesday, as it ‌looks to serve a backlog from commercial and government customers.
The extension valued the company at $5.6 billion, according to a source close to the company. ***** eX's $86 billion IPO in June has bolstered investor enthusiasm for the ***** e sector, helping improve the fundraising environment for companies such as Impulse.
The extension brings Impulse's Series D financing to $808 million, following a $500 million ‌round announced in June that ⁠valued the company at $4.26 billion.
The company also hired Vizio executive Adam Townsend as chief financial officer, as it scales production and ⁠works to turn a growing backlog of government and commercial contracts into revenue.

#impulse #space

Rocket Lab (RKLB) stock has traded between $39.48 and $150.23 over the past 52 weeks. It now sits about 58% below its 52-week high, and anyone who bought twelve months ago is still up about 19%. None of that tells you what you would be buying today. Rocket Lab sells two quite different things, and the one its name points at is the smaller of them.
In Q2 2026 the ****** e Systems segment brought in $189.5 million. Launch Services brought in $44.6 million, down 30% from the previous quarter despite a similar number of launches. Management attributes that drop to accounting rather than lost work, because revenue from those launches is recognized over time and much of it had already been booked.
So Rocket Lab earns most of its revenue building satellites and their parts. Electron flew its 16th mission of 2026 in September. Launch is a real franchise, and it is not where most of the money comes from.
The stock trades at 52 times sales, against 3.1 for the S&P 500, on revenue of about $0.8 billion over the trailing twelve months. At this valuation, investors are largely pricing in future execution on the Neutron medium-lift rocket and the financial impact of the pending Iridium acquisition, rather than current satellite production alone. Management targets delivery to the pad in Q4 2026, and says the window for a launch before the end of 2026 is narrowing.
And you are paying for Iridium, which Rocket Lab has agreed to buy and expects to close in mid-2027. Iridium, a global satellite communications network, serves more than 2.5 million subscribers and delivered over $870 million of revenue in its past year. That is more than Rocket Lab's whole trailing twelve months. Management calls it a relatively slow-growing business that brings profit rather than a hole in the income statement.

#million #management #revenue