Cristiano Ronaldo is at the centre of a media storm once again after his "well-wisher", Piers Morgan, leaked brutal text messages from him about a British broadcaster who criticised him.
Ever since Cristiano Ronaldo abruptly left the Portuguese national team in the middle of an international break, he's dominated the headlines.
His statement, in which he basically demanded that Jorge Jesus apologise for disrespecting him, comparing himself to Pele and Maradona, went viral.
It was criticised by British broadcaster Simon Jordan in an intense back-and-forth with Piers Morgan, and the latter has brought Ronaldo's take on it to the public.
People know by now that Ronaldo is not afraid of speaking his mind, and criticism affects him hard, regardless of who it comes from.

#british

Prince Harry and Prince William's feud might worsen if an ex-royal releases a tell-all book. According to a source, the Duke of Sussex and his wife, Meghan Markle, might still have a lot to say about the Royal Family. It was said that they have kept their allegiance with Sarah Ferguson, who seemed to be planning a tell-all. Harry is allegedly "going all-out to ruin" William through his allies.
Prince William allegedly suspects Prince Harry and Meghan Markle are deliberately keeping Sarah Ferguson on their side. A source told Closer that the Sussexes have been "in touch" with Fergie and Earl Spencer. While the latter already dropped a bombshell Diana memoir, the former **** ss of York might still be in talks.
"While Sarah is insisting she's not going to write a tell-all book, she is apparently in talks, and if the money is right, she is definitely considering a memoir," the insider said. Furthermore, they claimed that Harry and Markle have allegedly been "trying to keep her on their side."
This way, the couple would reportedly have "some sort of control over what comes out." "They are keeping this allegiance firmly behind closed doors, but it's clear Harry is going all-out to ruin his brother, Prince William," they added.
Meanwhile, the senior royals, including King Charles, William, and Middleton, have seemingly been concerned about Ferguson's next move. They have already been dealing with Earl Spencer's memoir, which showed the king in a negative light. Now if Fergie did a tell-all, the royals fear it would be another crisis for the firm. "For Charles, William and Kate, it's another potential ticking time bomb," the source said.

#harry #tell #markle #allegedly

Jamie Dimon has spent much of this year warning that the bond market is a problem waiting to happen. On April 28, at a conference hosted by Norway's sovereign wealth fund, the JPMorgan Chase CEO said there would be "some kind of bond crisis," according to TheStreet.
The debt he had in mind was mostly owed by governments. But Dimon has long argued that the pain lands somewhere else.
In a 2025 Fox Business interview, he said bond market volatility hurts the people raising money, small businesses included. He admitted he could not tell whether trouble was six months or six years away. This time, he named the next group in line.
Also read: Scott Bessent just made a bold move on the bond market
Speaking on the sidelines of a JPMorgan event in London on Oct. 6, Dimon said the worldwide scramble for capital could begin to squeeze corporate borrowers, Bloomberg reported. Investors will keep asking for more, he said. At some point, that feeds into corporate debt and credit spreads.

#debt

This is one of the best letters that I have read in my lifetime ("We lived within our means: I earned $30,000 as a pastor and still retired comfortably"). I used to be a mortgage-loan officer; I would get a couple that each made six figures, but would have difficulty qualifying them for a loan amount they wanted because of their consumer-debt load.
Conversely, I would have a blue-collar "Joe Sixpack" that made substantially less but saved and saved and saved, and who got the loan he needed for a house. People in the U.S. need to wake up and not be compulsive: Quit buying things you really don't need. It's that way with the federal government as well, and based on that.
'People in the U.S. need to wake up': As a mortgage loan officer, I rejected applications from wealthy couples. Here's why.
Google makes a fresh bet on nuclear power as the AI energy crunch intensifies
We'd better get real quick or we're going to have a financial crisis that makes the Great Recession of 2008 look like a picnic.

#makes

More mother-daughter moments were in store at the Louis Vuitton show on Tuesday during Paris Fashion Week. Keri Russell was joined by her 13-year-old daughter Willa Lou Deary at Le Louvre for the French luxury fashion house's spring 2027 ready-to-wear collection, sporting distinct looks that were mature and youthful in equal measure.
Keri Russell and Willa Lou Deary at the Louis Vuitton spring 2027 fashion show on Oct. 6 in Paris.
For her ensemble, Russell opted for classic black-and-white styling with a structured black miniskirt with a long-sleeve white blouse with sharp lines and angles. The crisp white blouse featured a high collar with an angular shape, sharp shoulders and extra-long sleeves.
More from WWD
Zendaya, Emma Stone and More Buckle Up for the Retro-Futuristic Ride at Louis Vuitton

#louis #russell

American Express (NYSE: AXP) has been a staple of Berkshire Hathaway's (NYSE: BRKA) (NYSE: BRKB) portfolio for decades -- with Warren Buffett essentially completing purchases of the stock by 1995. Buffett's hand-picked successor -- Greg Abel -- expects American Express to remain a long-term compounder and a core Berkshire holding because it's a business Berkshire understands well and trusts its management team.
American Express also features a growing dividend. It doesn't raise it every year, but even during the 2008 financial crisis, when many banks and financial services companies were slashing their payouts, American Express held its quarterly dividend steady at $0.18 per share.
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 »
American Express has substantially increased its dividend since then. The next payment of $0.95 per share is payable on Nov. 10 to shareholders on record as of Oct. 9.
Here's how many shares of American Express you'd need to generate $1,000 in yearly dividends, and the three levers American Express pulls to reward long-term shareholders.

#signal

The calendar has turned to October, and in a lot of places across the United States, the weather is starting to feel a little more crisp and a little more fall. The autumnal decorations have begun, ranging from pumpkins on porches to apple cider candles.
On this week's episode of the New Heights podcast, Jason Kelce and little brother Travis had a good laugh about some of that fall spirit. One fan put together a hay bale display (see below) that featured "Haylor Swift" and "Travis Kelc-hay," showing the couple in their Eras Tour and Kansas City costumes/uniforms, respectively.
Travis couldn't get enough of the depiction of him and his wife, although he did call out the crossed eyes. "Why'd they have to make my wife cross-eyed? That's all I'm asking." Kelce questioned. "Maybe Tay is about to sneeze," Jason added.
"She does go cross-eyed before she sneezes," Travis responded with a hearty laugh. The brothers closed out the segment wondering about the height of the hay bales and what would happen to the hay at the end of the season.
This article originally appeared on For The Win: Travis Kelce tickled over Taylor Swift hay decorations: 'Why'd they make my wife cross-eyed?'

#travis #kelce #cross #fall

It's been an extremely busy period for Earl Charles Spencer, the brother of the late Princess Diana, who has been non-stop in promoting his very personal book, Swan Song: Diana, My Sister. Following his time stateside to talk about the publication, he is back at his beloved Althorp estate and he's shared a poignant photo from the place where his sister is buried.
The Earl took to his personal Instagram Stories to share an image that he took during a moment of quiet contemplation from the edge of the Round Oval Lake, partially showing the central island where Diana is laid to rest. Pleased with his photography skills, Charles captioned the picture: "My luckiest capture of the Round Oval Lake, Althorp." The striking photo showed the sun piercing through the scattered clouds on a crisp autumn day as the mist hung around the base of the trees.
The lake where Diana is buried
Diana's final resting place was decided upon by Charles himself, following her tragic 1997 death. Originally, it was planned that she would be laid to rest in the Spencer family vault at the local church but security concerns ruled that out. Instead, the island on the lake was chosen and the bridge removed to restrict access even further. Now, family members paying their respects have to board a small boat to get to her exact gravesite.
A temple near the lake allows visitors to leave tributes for Princess Diana (@ Instagram)

#diana #oval

JPMorgan Chase (JPM) CEO Jamie Dimon sharpened his warning about the risks of a global bond sell-off on Tuesday, saying the world's massive competition for capital could begin squeezing corporate borrowers.
Dimon warned that the combination of rising government borrowing costs and spending on the AI boom could spill into corporate credit markets, pushing up the costs for companies to refinance or raise new debt.
"There will be a point where the market will ask for more and more and more, and yeah, at one point that'll feed into corporate debt, corporate credit spreads, and things like that, which is how it normally happens," Dimon said in a Bloomberg interview on the sidelines of a JPMorgan event in London.
"The best thing to do with any of these things is deal with it before it becomes a crisis. If it becomes a crisis, we will deal with it. It just will be in a much less pleasant way," he added.
The warning comes as a global rout in bonds has pushed longer-term borrowing costs sharply higher in recent weeks, with the benchmark US 10-year Treasury yield recently surpassing heights not seen since 2002.

#credit

This is one of the best letters that I have read in my lifetime ("We lived within our means: I earned $30,000 as a pastor and still retired comfortably"). I used to be a mortgage-loan officer; I would get a couple that each made six figures, but would have difficulty qualifying them for a loan amount they wanted because of their consumer-debt load.
Conversely, I would have a blue-collar "Joe Sixpack" that made substantially less but saved and saved and saved, and who got the loan he needed for a house. People in the U.S. need to wake up and not be compulsive: Quit buying things you really don't need. It's that way with the federal government as well, and based on that.
My wife never went back to work after raising our kids. Do I have to share my retirement savings 50/50?
Go ahead and get that poetry degree. Republican law won't prevent people with humanities majors from getting student loans.
We'd better get real quick or we're going to have a financial crisis that makes the Great Recession of 2008 look like a picnic.

#conversely

Sebastian Stan made Fjord before becoming a father. In his latest conversation with Josh Horowitz on Happy Sad Confused, the actor described returning to the film with a different perspective.
"What are these things that I grew up with that I should pass on to my kid?" he asked, according to Entertainment Weekly. He was also considering which experiences had not served him well and should not be repeated.
Stan, 44, and his partner, actress Annabelle Wallis, welcomed their first child in July. PEOPLE confirmed the birth on Aug. 3; the couple had not shared further details about the baby at that point.
In Cristian Mungiu's drama, Stan and Renate Reinsve play Mihai and Lisbet Gheorghiu. The film won the Palme d'Or at this year's Cannes Film Festival.
Mihai is a devout Romanian father who moves with his Norwegian wife and their five children to a remote coastal village. The children become friends with a neighboring family despite differences in their upbringing, while the adults' strict beliefs attract increasing scrutiny, according to NEON's synopsis.

#father #horowitz

LOS ANGELES, Oct. 6 (UPI) -- The documentary Dolph Lundgren: Unbreakable, on digital video on demand Tuesday, follows the actor's 40-year career through his recent health crisis. For Lundgren, the ups and downs are evidence of his perseverance.
In a recent Zoom interview with UPI, Lundgren, 68, reflected on his career again. He said he values his ability to bounce back from setbacks.
"Part of life is being around to fight another day," Lundgren said. "It's not all successful, great battles. It's like the small battles that get you to the big one, and that's where you make a name for yourself, or that's where you win the war."
From Arnold to Sly
By 1982, Lundgren was a martial artist with a Masters Degree in chemical engineering from the University of Sydney. He was dating singer Grace Jones, and got his first taste of Hollywood when he joined her on the set of Conan the Destroyer with Arnold Schwarzenegger.

#zoom

Michael Burry called the market's mood "denial," comparing it with 2000 and 2008 and suggesting that phase could last six to nine months.
Ray Dalio warned of a possible U.S. debt crisis within three years as rising interest costs crowd out spending.
Treasury Secretary Scott Bessent offered a contrasting outlook, saying growth and spending restraint would help the government start "bending the curve."
"The Big Short" investor Michael Burry warned on Tuesday that investors were in "denial" reminiscent of 2000 and 2008, hours after the Nasdaq closed at a record, while Ray Dalio separately cautioned that mounting debt could push the U.S. into a crisis within three years.
"The stock market is quite obviously in its first stage of grief, denial. Per 2000 and 2008, this stage lasts 6-9 months," Burry said on X.

#denial

Dolly Parton's estate says yellow caution tape and barbed wire crisscrossed the steps to her nephew Bryan Seaver's front door as a process server was making repeated attempts to serve him with a lawsuit accusing him of using a "campaign of threats" to "extract money" from the late music icon's business interests.
Lawyers for the estate filed a photo of the alleged barricade as they urged a judge to deny Seaver's request for additional time to find a lawyer in the messy legal dispute. They also argued that Seaver's security company missed a deadline last week to challenge an emergency restraining order granted in the case, so the order should therefore be converted into a permanent injunction covering both the company and Seaver himself, as its chief. A hearing on the matter is set for Friday, Oct. 9, unless the court grants Seaver's request for more time to hire an attorney.
More from Rolling Stone
CMA's Dolly Parton Tribute Will Star Ella Langley, Reba McEntire, and Brad Paisley
Ken Paxton Makes Excuses for Floundering Campaign in New Leaked Audio

#campaign #company

Tom Cruise paid homage his memorable Risky Business scene during his appearance on The Jennifer Hudson Show this week.
While visiting to promote his new film Digger, the actor took "old records off the shelf" while dancing to the cover of 1978 Bob Seger & The Silver Bullet Band classic "Old Time Rock & Roll." While playing Joel Goodsen in Risky Business, released in 1983, Cruise danced to the song in a crisp shirt, his underwear and a pair of black sunglasses.
While he wore jeans this time around, the actor pulled out a similar pair of sunnies for his Spirit Tunnel experience, and even danced with a crew members before hitting the stage.
COMPLEX SHOP: Shop the brands you love, anytime and anywhere. Uncover what's next. Buy. Collect. Obsess.
Cruise wears heavy prosthetics as protagonist Digger Rockwell in the ****** ular satrical black comedy, which comes out this week.

#cruise #digger #time

Michael Douglas has claimed that someone plotted to stab him with a HIV-infected needle at the 1992 Oscars.
In his memoir, One ******* uva Ride, the Basic Instinct actor recalled being met by an FBI agent and a police sergeant when he arrived on the red carpet at the Shrine Auditorium in Los Angeles to present the Best Actress award.
They informed him that there was a "credible threat" to his life.
"We have information that someone will try to stab you with an HIV-infected needle tonight," Douglas recalled the authorities telling him in the book, according to Page Six.
"This was during the height of the AIDS crisis, and getting stabbed with an infected needle would essentially be a death sentence."
According to the Wall Street star, Federal Bureau of Investigation (FBI) agents were undercover throughout the crowd in an effort to thwart the plot.

#infected #needle #helluva

The Venice Film Festival may revolve around cinema, but fashion has become an essential part of its annual spectacle. The 2026 edition once again transformed the Lido into a showcase for couture, sharp tailoring and unexpected styling. Stars moved between timeless black gowns, shimmering embellishments, relaxed suits and bursts of bright color. Some relied on archival fashion, while others arrived in custom creations designed specifically for the occasion. Together, Maggie Gyllenhaal, Amal Clooney, Rooney and Kate Mara, Robert Pattinson, Suki Waterhouse and Pamela Anderson demonstrated just how varied festival dressing can be.
Jury president Maggie Gyllenhaal established a sophisticated tone with several dramatic black looks. For the opening, she selected an all black Celine ensemble featuring an off the shoulder twisted bodice. Another memorable appearance came in archival Armani Privé from the Fall 2015 collection. Rich velvet, sharply sculpted shoulders and crystal detailing around the plunging neckline gave the older design a fresh presence on the carpet.
Amal Clooney also embraced black with a custom Tom Ford creation by Haider Ackermann. Her appearance demonstrated the continuing appeal of streamlined eveningwear, with careful construction and texture doing much of the visual work. Rather than competing with the surroundings through excessive decoration, the gown relied on an elegant silhouette and refined details.
Sisters Rooney and Kate Mara offered two very different interpretations of evening glamour while promoting Bucking Fastard. Rooney remained close to her famously minimalist aesthetic in a black satin Louis Vuitton dress. A sleek fitted upper section expanded dramatically near the hem through gathers and voluminous fabric. Kate moved in the opposite direction with Armani Privé, choosing a black and white gown featuring a sparkling skirt and pearl embellished bodice.
Menswear also provided a change of pace. Robert Pattinson appeared in a relaxed white pinstripe suit while promoting Primetime, pairing it with a crisp shirt and striped tie. The slightly oversized proportions gave traditional tailoring a lighter feeling suited to Venice. Suki Waterhouse accompanied him in a pale green Saint Laurent lace two piece, bringing a softer color and delicate texture to the event.

#black #gyllenhaal #clooney #mara

Love may not cost a thing, but a source tells In Touch Jacob Elordi has been draining his bank account for girlfriend Kendall Jenner.
"He's the one paying for everything," reveals the source. "It's not just nice dinners and a few gifts — Jacob is chartering private jets, renting out hotel suites that cost $60K a night and buying her all sorts of extravagant jewelry."
Since sparking romance rumors this spring, the supermodel, 30, and the Euphoria alum, 29, have crisscrossed the globe together, jetting everywhere from Tokyo and Hawaii to Italy and his native Australia.
As In Touch previously reported, the couple are also "actively looking" for a new home to move into together.
Now, the source suggests Elordi intends to foot the bill for that purchase too.

#elordi #together

Megan Skiendiel and Lara Raj of Katseye attended the Loewe spring 2027 fashion show at the Esplanade Saint Louis at the Château Vincennes on Friday during Paris Fashion Week, and they did so in two of Loewe's most interesting footwear silhouettes. Megan Skiendiel and Lara Raj attended the Loewe show on Friday in Paris. Swan Gallet Skiendiel wore a unique pair of shoes that are already causing conversation on social media. The singer's black leather caged mules featured a bright yellow insole visible at the open heel and through the cutouts at the front, providing a stark contrast against the black leather. The shoes feature distinct architectural toe-slit cutouts at the vamp, leaving the tips of each toe exposed. The mules stand tall on a thin block heel. She paired the contemporary mules with a black faux-leather pleated midi skirt with a silver buckle accent on the side. She styled the skirt with a brown, long-sleeve wrap-style cropped top. A close-up of the shoes. Getty Images Raj complemented the pop of yellow on her groupmate's shoes with a vibrant yellow halter minidress with a twisted scarf neckline. She paired the dress with black strappy sandals, which crisscrossed over the vamp and were secured with a dainty silver
Follow Footwear News on Twitter or become a fan on Facebook.

#mules #yellow #lara

US bond yields have surged upward over the past month, as yields on both the 10-year Treasury (^TNX) and 30-year Treasury (^TYX) have reached levels not seen since 2002, surpassing 2007 high-water marks in the lead-up to the financial crisis.
Investors have attributed the run-up in yields to a variety of concerns, from the artificial intelligence build-out and the competition for capital to changing foreign ownership of gold versus fixed income.
Read more: How soaring Treasury yields could hit your finances
One overlooked source of upward pressure, argued Macquarie's Thierry Wizman, is not just the impact of the Iran war on the energy market but uncertainty about when the war will end or what the conflict will look like going forward.
"The perception that global conflict is endemic may also be causing long-term inflation expectation[s] to stay elevated," Wizman wrote to clients.

#conflict

By Jana Choukeir and Doina Chiacu
DUBAI/WASHINGTON, Sept 20 (Reuters) - Iran and the United States exchanged new threats on Sunday, with President Donald Trump warning Iran would fail economically or face its leadership being wiped out if it didn't make a deal, and the Iranian ‌military saying it would retaliate harshly to any fresh attack.
The conflict has looked stalemated for months, with no sign either side was ready ‌for concessions even as it has deepened a global energy crisis, cratered swathes of Iran's economy and spilled over into new regional escalations.
In a phone call with a Fox News reporter, Trump said Iran's leaders should make a deal, rot economically or be wiped out, the reporter said.
However, with Iran's President Masoud Pezeshkian expected in New York this week for the United Nations General ***** embly, Trump said he would be open to meeting him, the Fox reporter added.

#reporter #Iran #make

The Vanguard Bond Market ETF (NASDAQ:BND) is the largest bond ETF with nearly $162.3 billion in ***** ets. If you invested $10,000 into BND today, it could grow into over $18,000 in 20 years, given its historical 3% annualized return since inception (assuming you reinvest your interest payments). That's likely a lot less than you'd earn if you invested the same amount in an S&P 500 index fund. However, bonds are income generators and portfolio stabilizers, not wealth-building tools.
Here's a look at why you might still want to consider investing in this top bond ETF, despite its low historical returns.
Missed AI's "Act 1"? Act 2 Could Be 15x 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 »
Image source: Getty Images.
Vanguard launched BND in early 2007, right before the financial crisis, when interest rates were at their peak:

#bond

It's been a disappointing couple of years for shareholders of biotechnology outfit CRISPR Therapeutics (NASDAQ: CRSP). This stock's barely up since the end of 2022, lagging the broad market's gains. It's not the performance that investors keeping tabs on this company were expecting, given its potential.
Don't be discouraged, though. While still speculative like most young biotech names, CRISPR Therapeutics remains a compelling prospect for investors who can stomach the risk and its inevitable volatility. Here's why.
Missed AI's "Act 1"? Act 2 Could Be 15x 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 »
On the off-chance you're reading this and aren't already familiar with the company, CRISPR Therapeutics is a drug developer that specializes in gene editing.
It's probably an area you've heard a great deal about. No gene-editing drugs were actually on the market in the United States until CRISPR Therapeutics' Casgevy was approved by the FDA as a treatment for sickle cell disease in late 2023. Any and all gene therapies currently on the market followed this pioneer's foray. Being first is a well-deserved accolade for the company, too, which was co-founded by Dr. Emmanuelle Charpentier, who was one of the co-discoverers of the CRISPR/Cas9 gene-editing mechanism that makes Casgevy work.

#crispr #gene #company

The 'half-a-loaf' plan gifts roughly half of excess ***** ets to children, then uses a Medicaid-compliant annuity to bridge the penalty period.
Keeping retained cash in a bank account prevents the penalty clock from starting, since ***** ets above $2,000 disqualify the applicant outright.
One flawed annuity term or miscalculated divisor can unravel the entire plan, making elder law attorney guidance essential before any money moves.
Two retirees, same $1 million, same 4% rule, buy one finished with $1.4 million, the other hit $0 in 12 years. Our free reader guide explains the flaw that separated them, and the income-first method built to avoid it.
Picture a common scenario in a state where this type of crisis planning is welcome: Dad moves into a nursing home with roughly $200,000 sitting above the $2,000 countable-asset limit that most states use for single Nursing Home Medicaid applicants. His family gifts about $100,000 to the children, then uses the other half to buy a short-term Medicaid-compliant annuity that pays the nursing home while the gift penalty runs. When the penalty ends, Medicaid picks up the bill. The children keep the gift.

#annuity #roughly

Marathon Petroleum Corporation (NYSE:MPC) has substantially outperformed the wider market this year, supported by an unusually sharp surge in global refining margins as the prolonged Iran crisis has significantly tightened global refining capacity and reduced supplies of gasoline, diesel, and jet fuel.
With Marathon up by over 150% since the beginning of 2026, there are now concerns that the stock may have topped out. However, the ****** ysts over at Morgan Stanley are convinced that the rally still has further room to run. On September 14, Morgan Stanley ****** yst Joe Laetsch significantly raised the firm's price target on MPC from $265 to $453, while reaffirming an 'Overweight' rating on the shares.
The target boost reflects an upside of over 9% from the current price level and even exceeds the stock's record high of just under $411 per share achieved earlier this month. The Morgan Stanley update comes amid broader Wall Street optimism surrounding the American refining giant, with ****** ysts from Raymon James, UBS, and several others also improving their respective outlooks on MPC.
Morgan Stanley's vote of confidence suggests that Wall Street expects the ongoing refining upcycle to last longer than previously expected, especially given the fresh wave of attacks between Washington and Tehran. Even if the conflict in the Middle East subsides, the region's refined fuel output is expected to remain relatively tight, since the damaged or idled refineries in the Middle East are likely to take some time to return to full operations.
As the largest refiner by volume in the United States, Marathon has significant operating leverage to capitalize on the current high-margin environment. The company already demonstrated its ability to translate the high crack spreads into material earnings when it delivered an almost fourfold increase in profits in the second quarter.

#morgan #marathon #stanley #middle

On September 17, Ferrari N.V. (NYSE:RACE) announced a partnership with the technology company Rakuten Group, Inc., effective January 1, 2027. The announcement gives no scope and no price tag, so it works better as a signal than as a number. The real substance sits in the results Ferrari posted on July 30, when it raised its 2026 guidance because buyers are ordering more personalization than the company expected.
In the second quarter, revenue rose 8%, but operating profit rose 10%, which means each euro of sales is leaving more behind. Ferrari credits a richer mix of cars, with the F80 helping, along with more buyers paying up for personalization. Strip out currency swings, and the gap widens, with revenue up 11% and operating profit up 16%. Deliveries of the Purosangue and the 296 Speciale family grew even in the middle of a planned model changeover.
Cash and demand back that up. Industrial free cash flow jumped 39% to €276 million, and Ferrari also returned more than €800 million to shareholders through a dividend and buybacks. Racing helped too, as higher sponsorships and engine rentals to other Formula 1 teams lifted revenue. Meanwhile, the order book covers 2027 in full, and the new 12Cilindri Manuale is already fully allocated, which is about as strong a demand signal as a carmaker can send. Those trends are why revenue guidance moved up to about €7.60 billion from about €7.50 billion.
Part of the strength is timing. Operating profit got a boost from temporarily lower depreciation and amortization while Ferrari swaps out models, and the company says those charges will climb once the new cars enter production. Net profit also leaned on a 23.0% tax rate, which reflects an estimated benefit from the new Patent Box. Neither says much about how profitable the cars themselves are.
Costs are climbing too. Higher industrial and marketing expenses weighed on operating profit, EBITDA margin slipped to 39.0% from 39.7% a year earlier, and management expects heavier brand, racing and digital spending for the year. Currency is a drag as well, mostly from the dollar and the yen, which is why 11% growth at constant currency shrank to 8% as reported. Deliveries totaled 3,366 cars while the 296 GTS, Roma Spider and SF90 XX family wound down, and sponsorship, commercial and brand revenue grew just 2%. And the whole outlook leans on current visibility into the Middle East crisis, which Ferrari cannot control.

#Ferrari

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The future of America's social safety net is hanging in limbo as the underlying trust fund reserves for Social Security benefits will be depleted in just six years.
And not only is the U.S. government not offering solutions for the funding crisis, it's actually making the problem worse — even if there's money on the table for retirees as a result.
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

#actually #moneywise #bezos #commission

By Exec-Edge Editorial Staff
Sir Lynton Crosby has spent four decades reading public opinion for people who couldn't afford to get it wrong — prime ministers, presidents, and the boards of some of the world's largest companies. As Executive Chairman of CT Group, the research and strategy firm he co-founded, Crosby has built one of the most quietly influential shops in political and corporate consulting, with offices across eight countries and a client roster that spans government, industry, and advocacy. In recent years, CT Group has turned its research apparatus toward a subject closer to home for the business community it serves: capitalism itself, and why the system's public standing hasn't kept pace with its performance. We spoke with Crosby about what the firm's research found, and what it means for how business leaders talk about the system they operate in.
Exec Edge: CT Group ran a large-scale study on public attitudes toward capitalism. What prompted that?
We had seen a number of signals that some of the trending narratives on how the public felt about the predominant economic system were misleading. But we don't operate on feelings, but instead we respond to data, so we tested it. There's a narrative that's taken hold since the financial crisis — that the public has simply given up on capitalism, that a decade of scandals and populist politics has turned the average voter against the system outright. We fielded a nationally representative survey of 3,000 people, backed by focus groups, to find out if that was actually true or if something more specific was going on. It turned out to be the latter.
Exec Edge: What did the research actually find?

#edge #Research #turned

A home Medicaid excludes from **** et tests during life becomes fully exposed to estate recovery after death, potentially consuming most of an inheritance.
Transfers of a home within 60 months of a Medicaid application trigger a penalty period, and a stroke can eliminate the legal capacity needed to act.
Penalty-free exceptions exist, including spousal transfer, caregiver-child, and protected-relative rules, but qualifying circumstances must be in place well before a crisis.
Two retirees, same $1 million, same 4% rule, buy one finished with $1.4 million, the other hit $0 in 12 years. Our free reader guide explains the flaw that separated them, and the income-first method built to avoid it.
An 82-year-old widower has a stroke. From the hospital he moves to rehabilitation, then to permanent nursing-home care. His paid-off house is worth $340,000. His daughter asks the elder-law attorney whether they can deed her the house or drop it into an irrevocable trust before Medicaid pays a dime. The answer is the one no family wants to hear: probably not, because Dad no longer has the capacity to sign, and his durable power of attorney authorizes bill payment but not gifts or trust transfers.

#home #stroke #free

AGNC Investment (NASDAQ: AGNC) completed its IPO in May 2008 at $20 per share. Today, shares of the mortgage REIT trade at around $10 per share, a staggering 50% below their IPO price.
However, the company's monthly dividends have more than offset the slump in its share price. AGNC has paid out over $50 per share in ****** ulative dividends since its IPO, more than double its IPO price. With dividends reinvested, it has significantly outperformed mortgage REITs and other financial stocks since its IPO.
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AGNC Investment's founders formed it in the depths of the financial crisis, seeing an opportunity to create a leading Agency MBS (mortgage-backed securities guaranteed against credit losses by government agencies like Fannie Mae). It invests in Agency MBS on a leveraged basis, primarily through repurchase agreements, and uses dynamic risk management strategies to navigate market risks, including interest rate changes.
The company has had to maneuver around several market cycles, unexpected events, and market volatility over the years, which have weighed on its investment returns and earnings. AGNC Investment has still managed to significantly expand its Agency MBS portfolio (it reached $97.2 billion at the end of the second quarter), financed primarily by selling stock. As a result, its shares outstanding have risen a staggering 7,660% since its IPO. This combination of earnings volatility and dilution is why its share prices have fallen 50% since the IPO.

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