26 days ago
Nahla Aubry, 18, has defended her mother Halle Berry against allegations made by Olivier Martinez.
Halle Berry's 18-year-old daughter, Nahla Aubry, has spoken out in defense of her mother amid an ongoing custody dispute involving Berry and her ex-husband Olivier Martinez. In a declaration filed in Los Angeles Superior Court, Nahla said she had never witnessed Berry act violently toward anyone or physically abuse 13-year-old Maceo.
Nahla described Berry as a "loving and devoted parent" who is warm, supportive, and deeply involved in her children's lives. She said she has lived with Maceo for most of his life and has never seen her mother hit, slap, choke, grab, or otherwise physically abuse him. Nahla also said she has seen her mother and Maceo playfully wrestle and interact affectionately, adding that she never saw him appear hurt or distressed afterward.
Nahla said she was "shocked, very sad, and very upset" when she learned about the allegations. She also said Berry has encouraged both children to maintain relationships with their fathers and has not spoken negatively about either man to them.
Martinez, Berry's former husband and Maceo's father, has sought sole custody of their son. In court filings, he alleged that Berry physically abused Maceo during a Sept. 26 incident, including allegations that she put her hands around the boy's neck and choked him.
#never
Halle Berry's 18-year-old daughter, Nahla Aubry, has spoken out in defense of her mother amid an ongoing custody dispute involving Berry and her ex-husband Olivier Martinez. In a declaration filed in Los Angeles Superior Court, Nahla said she had never witnessed Berry act violently toward anyone or physically abuse 13-year-old Maceo.
Nahla described Berry as a "loving and devoted parent" who is warm, supportive, and deeply involved in her children's lives. She said she has lived with Maceo for most of his life and has never seen her mother hit, slap, choke, grab, or otherwise physically abuse him. Nahla also said she has seen her mother and Maceo playfully wrestle and interact affectionately, adding that she never saw him appear hurt or distressed afterward.
Nahla said she was "shocked, very sad, and very upset" when she learned about the allegations. She also said Berry has encouraged both children to maintain relationships with their fathers and has not spoken negatively about either man to them.
Martinez, Berry's former husband and Maceo's father, has sought sole custody of their son. In court filings, he alleged that Berry physically abused Maceo during a Sept. 26 incident, including allegations that she put her hands around the boy's neck and choked him.
#never
28 days ago
Slayyyter appeared on Late Night with Seth Meyers to discuss her newly announced album wor$t man in america, but her love of vintage showgirl costumes also became part of the conversation. She shared that an old French cabaret costume she had worn for a music video apparently contained hazardous materials and gave her a rash.
Lloyd Bishop/NBC
The showgirl context is really key to understanding why this MYAT Fall 2026 dress was chosen.
The distressed pleated silk is formed to create a showgirl silhouette through the fitted strapless bodice, high-low hemline and dramatic trailing volume. I don't feel that it looks like a literal costume, but I'm sure many will strongly disagree.
It's fun and playful, and it leans into what she loves, with MIRAKI jewels and decorative Jimmy Choo Sacora sandals adding even more personality without competing with the dress.
#dress
Lloyd Bishop/NBC
The showgirl context is really key to understanding why this MYAT Fall 2026 dress was chosen.
The distressed pleated silk is formed to create a showgirl silhouette through the fitted strapless bodice, high-low hemline and dramatic trailing volume. I don't feel that it looks like a literal costume, but I'm sure many will strongly disagree.
It's fun and playful, and it leans into what she loves, with MIRAKI jewels and decorative Jimmy Choo Sacora sandals adding even more personality without competing with the dress.
#dress
28 days ago
(Bloomberg) -- Billionaire Ray Dalio warned that artificial intelligence is a "classic bubble" that is nearing a bursting point thanks to rising interest rates and the need to turn wealth into cash.
Most Read from Bloomberg
Apple to Launch Doorbell, Lock, Thermostat Developed With LG
Deeply Distressed US Loans Rise to Highest Level Since Pandemic, JPMorgan Says
New Hazard for Treasuries Hides in Bond Futures' Fine Print
#launch
Most Read from Bloomberg
Apple to Launch Doorbell, Lock, Thermostat Developed With LG
Deeply Distressed US Loans Rise to Highest Level Since Pandemic, JPMorgan Says
New Hazard for Treasuries Hides in Bond Futures' Fine Print
#launch
28 days ago
(Bloomberg) -- Cryptocurrencies fell on Wednesday as a wave of forced selling swept across digital-asset venues, with broader market jitters further weighing on risk appetite.
Most Read from Bloomberg
Apple to Launch Doorbell, Lock, Thermostat Developed With LG
Deeply Distressed US Loans Rise to Highest Level Since Pandemic, JPMorgan Says
SpaceX in Talks to Borrow $40 Billion to Buy Nvidia Chips
#launch #developed #deeply
Most Read from Bloomberg
Apple to Launch Doorbell, Lock, Thermostat Developed With LG
Deeply Distressed US Loans Rise to Highest Level Since Pandemic, JPMorgan Says
SpaceX in Talks to Borrow $40 Billion to Buy Nvidia Chips
#launch #developed #deeply
28 days ago
FKA Twigs has resolved her latest legal dispute with ex-boyfriend Shia LaBeouf.
The two came to an agreement before the case went to court, and the Two Weeks singer is now free to speak about her experiences during her relationship with the actor.
Twigs, whose real name is Tahliah Barnett, requested the dismissal of her case in the Los Angeles County Superior Court against LaBeouf after the two resolved a dispute over a confidentiality provision in their settlement agreement.
The dispute stemmed from a lawsuit Twigs filed against LaBeouf in December 2020. The former couple dated from around July 2018 to May 2019. Twigs accused LaBeouf of ***** ual battery, ***** ault and infliction of emotional distress, among other claims.
LaBeouf denied the allegations.
"Twigs stood up for something larger than herself, all female survivors of ***** ual abuse," her attorney Mathew Rosengart told People magazine.
#shia
The two came to an agreement before the case went to court, and the Two Weeks singer is now free to speak about her experiences during her relationship with the actor.
Twigs, whose real name is Tahliah Barnett, requested the dismissal of her case in the Los Angeles County Superior Court against LaBeouf after the two resolved a dispute over a confidentiality provision in their settlement agreement.
The dispute stemmed from a lawsuit Twigs filed against LaBeouf in December 2020. The former couple dated from around July 2018 to May 2019. Twigs accused LaBeouf of ***** ual battery, ***** ault and infliction of emotional distress, among other claims.
LaBeouf denied the allegations.
"Twigs stood up for something larger than herself, all female survivors of ***** ual abuse," her attorney Mathew Rosengart told People magazine.
#shia
1 month ago
By Donna Bryson and Jonathan Allen
Oct 3 - Women, some citing their own experiences of ******* ual ******* ault, are posting on social media that they are Jane Doe, in solidarity with the woman using the pseudonym in accusing fraternity members of raping her at Cornell University in 2024.
In a case that has drawn national attention, the woman is suing seven fraternity members and the Ivy League school in Ithaca, New York, among others.
And although New York law allows "Jane Doe" anonymity for ******* ual ******* ault lawsuits, the Cornell student has become distressed at attempts by some online skeptics of her account to discover her name and publish it, her lawyer said.
"I want us to support Jane Doe in coming to her own way of identifying herself in her own time," said Twanna LaTrice Hill, a writer and actor in Denver who has declared #IamJaneDoe on social media in recent days. "And if she never does, that's fine. But the flip side of that is that the people like me need to speak up if we are able to."
#york #Social #fraternity
Oct 3 - Women, some citing their own experiences of ******* ual ******* ault, are posting on social media that they are Jane Doe, in solidarity with the woman using the pseudonym in accusing fraternity members of raping her at Cornell University in 2024.
In a case that has drawn national attention, the woman is suing seven fraternity members and the Ivy League school in Ithaca, New York, among others.
And although New York law allows "Jane Doe" anonymity for ******* ual ******* ault lawsuits, the Cornell student has become distressed at attempts by some online skeptics of her account to discover her name and publish it, her lawyer said.
"I want us to support Jane Doe in coming to her own way of identifying herself in her own time," said Twanna LaTrice Hill, a writer and actor in Denver who has declared #IamJaneDoe on social media in recent days. "And if she never does, that's fine. But the flip side of that is that the people like me need to speak up if we are able to."
#york #Social #fraternity
1 month ago
For his first-ever fashion show, Martin Andrijasevic, one half of the fan-favorite content-creating duo Slushy Noobz, used a face wash. "I washed my face with a cleanser, which I don't do normally and I probably should, but I thought that this would be a great day to do it," he tells Teen Vogue. Hamzah Al-Emad, the other star of Slushy Noobz, commemorated the moment with deodorant and Chapstick. "Feeling confident," he adds.
Attending Acne Studios' Women's Spring Summer 2027 show at Paris Fashion Week, Andrijasevic and Al-Emad, were dressed by the brand and styled by Kim Russell. A pink polo and low-rise pinstripe pants, complete with the Camero shoulder bag, gave Andrijasevic's front row look a Y2K flair. Al-Emad similarly wore a 00s-inspired outfit with a faux fur-trimmed jacket and jeans in Acne Studios' signature distressed wash.
Teen Vogue caught up with Slushy Noobz as they got ready for the show, discussing everything from mogging to their fashion icons.
Martin: Because it's only the coolest thing ever. We like fashion. We dress up a lot.
#slushy #show #teen #vogue
Attending Acne Studios' Women's Spring Summer 2027 show at Paris Fashion Week, Andrijasevic and Al-Emad, were dressed by the brand and styled by Kim Russell. A pink polo and low-rise pinstripe pants, complete with the Camero shoulder bag, gave Andrijasevic's front row look a Y2K flair. Al-Emad similarly wore a 00s-inspired outfit with a faux fur-trimmed jacket and jeans in Acne Studios' signature distressed wash.
Teen Vogue caught up with Slushy Noobz as they got ready for the show, discussing everything from mogging to their fashion icons.
Martin: Because it's only the coolest thing ever. We like fashion. We dress up a lot.
#slushy #show #teen #vogue
1 month ago
Olivier Martinez requested a temporary restraining order and alleged Halle Berry abused their 12-year-old son, Maceo, according to documents obtained by PEOPLE
The filing includes texts between the former couple at the time of the alleged incident
Martinez alleged the actress choked their son on Saturday, Sept. 26
Text messages between Halle Berry and her ex, Olivier Martinez, have emerged after the latter requested sole custody of their 12-year-old son, Maceo.
The French actor, 60, filed a petition for a temporary restraining order against the Oscar winner, also 60, according to documents obtained by PEOPLE. He alleged she caused him "emotional and mental distress due to physical abuse of our minor child, Maceo."
#restraining
The filing includes texts between the former couple at the time of the alleged incident
Martinez alleged the actress choked their son on Saturday, Sept. 26
Text messages between Halle Berry and her ex, Olivier Martinez, have emerged after the latter requested sole custody of their 12-year-old son, Maceo.
The French actor, 60, filed a petition for a temporary restraining order against the Oscar winner, also 60, according to documents obtained by PEOPLE. He alleged she caused him "emotional and mental distress due to physical abuse of our minor child, Maceo."
#restraining
2 months ago
The casual Mexican restaurant sector has faced a challenging year in 2026, as dining chains have closed underperforming locations, filed for Chapter 11 bankruptcy protection to reorganize their businesses, and in at least one case, filed for Chapter 7 liquidation to shut down all operations.
Once popular Mexican chain On the Border ceased operations in 2026, after closing all of its locations before its operating company, OTB Hospitality, filed for Chapter 7 liquidation on June 19, 2026, the company shared in a press release.
Another chain facing financial distress is Session Taco, a St. Louis-based casual Mexican dining chain, which closed one of its restaurant locations for the second time in seven months. The chain has not filed for bankruptcy.
The Mexican chain, originally branded Mission Taco Joint until a 2023 name change, closed its Sobremesa restaurant in St. Charles, Mo., on Sept. 13 after only three months of operation, according to its Facebook page.
The St. Charles location was previously branded as Session Taco until the company closed the restaurant on Feb. 13 to redesign and rebrand the restaurant as Sobremesa before reopening in June 2026.
#mexican #locations
Once popular Mexican chain On the Border ceased operations in 2026, after closing all of its locations before its operating company, OTB Hospitality, filed for Chapter 7 liquidation on June 19, 2026, the company shared in a press release.
Another chain facing financial distress is Session Taco, a St. Louis-based casual Mexican dining chain, which closed one of its restaurant locations for the second time in seven months. The chain has not filed for bankruptcy.
The Mexican chain, originally branded Mission Taco Joint until a 2023 name change, closed its Sobremesa restaurant in St. Charles, Mo., on Sept. 13 after only three months of operation, according to its Facebook page.
The St. Charles location was previously branded as Session Taco until the company closed the restaurant on Feb. 13 to redesign and rebrand the restaurant as Sobremesa before reopening in June 2026.
#mexican #locations
2 months ago
Our **** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Achieved group-adjusted EBITDA break-even just 15 months post-acquisition by applying Mytheresa's 'secret sauce'—focusing on top-tier customers, full-price selling, and rigorous cost discipline—to the distressed YNAP business.
Mytheresa reached a EUR 1 billion milestone in FY 2026, outperforming the industry through superior customer economics where top customers (4.8% of base) generated 48.4% of total GMV.
NET-A-PORTER and MR PORTER reached a strategic inflection point, returning to top-line growth and positive adjusted EBITDA in Q4 by pivoting from promotional discounting to editorial-led luxury discovery.
YOOX's turnaround is being driven by a deliberate retreat from high-cost overseas markets to focus on a 'healthy core' in Europe, resulting in losses being cut nearly in half compared to the prior year.
#porter #customers #cost #reached
Achieved group-adjusted EBITDA break-even just 15 months post-acquisition by applying Mytheresa's 'secret sauce'—focusing on top-tier customers, full-price selling, and rigorous cost discipline—to the distressed YNAP business.
Mytheresa reached a EUR 1 billion milestone in FY 2026, outperforming the industry through superior customer economics where top customers (4.8% of base) generated 48.4% of total GMV.
NET-A-PORTER and MR PORTER reached a strategic inflection point, returning to top-line growth and positive adjusted EBITDA in Q4 by pivoting from promotional discounting to editorial-led luxury discovery.
YOOX's turnaround is being driven by a deliberate retreat from high-cost overseas markets to focus on a 'healthy core' in Europe, resulting in losses being cut nearly in half compared to the prior year.
#porter #customers #cost #reached
2 months ago
This story was originally published on CRE Daily. Join 70,000+ commercial real estate professionals getting daily news, market insights, and industry ***** ysis delivered straight to their inbox with the free CRE Daily newsletter.
Dallas, Tarrant, and Collin county records show 1,197 commercial and multifamily loans totaling $13.3 billion maturing over the next 12 months, with another $12.5 billion in loans already past their maturity date.
Only 3 of the 1,197 forward-maturing loans carry a recorded distress filing, underscoring how little of the real risk shows up in public records before a loan actually fails.
The wall stems from two colliding loan vintages: roughly $4.3 billion in 2016-2017 peak-era loans and $2.6 billion in short-term bridge debt originated since 2025.
DFW loan maturities over the next 12 months total $13.3 billion, according to a county-by-county read of deed of trust records by Circlemark. That's on top of $12.5 billion in loans that have already passed their stated maturity date and remain open. Circlemark, which reads scanned county clerk instruments rather than relying on servicer-reported data, calls its own $13.3 billion figure a floor, not a ceiling.
#records
Dallas, Tarrant, and Collin county records show 1,197 commercial and multifamily loans totaling $13.3 billion maturing over the next 12 months, with another $12.5 billion in loans already past their maturity date.
Only 3 of the 1,197 forward-maturing loans carry a recorded distress filing, underscoring how little of the real risk shows up in public records before a loan actually fails.
The wall stems from two colliding loan vintages: roughly $4.3 billion in 2016-2017 peak-era loans and $2.6 billion in short-term bridge debt originated since 2025.
DFW loan maturities over the next 12 months total $13.3 billion, according to a county-by-county read of deed of trust records by Circlemark. That's on top of $12.5 billion in loans that have already passed their stated maturity date and remain open. Circlemark, which reads scanned county clerk instruments rather than relying on servicer-reported data, calls its own $13.3 billion figure a floor, not a ceiling.
#records
2 months ago
Six weeks after AI bets nearly wrecked his hedge fund, Leopold Aschenbrenner is putting money into the same companies again. His hedge fund, Situational Awareness, bought call options on AMD, Bloom Energy, CoreWeave, SK Hynix and SanDisk, CNBC reported, citing sources. The trades ran from late last week into this week.
The former OpenAI researcher became famous for a 2024 essay arguing that AI could reach human-level intelligence by 2027. He built an investment business around that belief, backing companies supplying the computing capacity and electricity AI needs.
July exposed how dangerous that bet had become. Borrowed money magnified falling share prices, triggering demands for cash the fund could not meet. **** ets shrank from a peak above $45 billion to roughly $10 billion, according to CNBC.
Ken Griffin's Citadel bought distressed holdings at a discount. Situational Awareness kept private investments, including Anthropic. The SEC later subpoenaed Wall Street banks over their dealings with the fund. The reported inquiry carried no allegation of wrongdoing.
His return uses call options: contracts that let buyers purchase shares at a fixed price before a deadline. When paid for upfront without borrowing, their losses are capped at the purchase cost. That entire amount can still disappear if the options expire worthless.
#bought #call
The former OpenAI researcher became famous for a 2024 essay arguing that AI could reach human-level intelligence by 2027. He built an investment business around that belief, backing companies supplying the computing capacity and electricity AI needs.
July exposed how dangerous that bet had become. Borrowed money magnified falling share prices, triggering demands for cash the fund could not meet. **** ets shrank from a peak above $45 billion to roughly $10 billion, according to CNBC.
Ken Griffin's Citadel bought distressed holdings at a discount. Situational Awareness kept private investments, including Anthropic. The SEC later subpoenaed Wall Street banks over their dealings with the fund. The reported inquiry carried no allegation of wrongdoing.
His return uses call options: contracts that let buyers purchase shares at a fixed price before a deadline. When paid for upfront without borrowing, their losses are capped at the purchase cost. That entire amount can still disappear if the options expire worthless.
#bought #call
2 months ago
Pierce Brosnan made a rare appearance with his 25-year-old son Paris at the MobLand premiere on September 10.
The actor wore a gray suit, while his son wore a leather jacket.
Brosnan shares Paris with his wife Keely Shaye Smith.
Pierce Brosnan and his son Paris Brosnan made a rare joint appearance in London on September 10. The pair posed together on the red carpet at the premiere of Pierce's show MobLand and looked move alike than ever. The 73-year-old actor wore a navy suit with a white shirt and dark gray tie. Meanwhile, Paris, a 25-year-old model and actor, looked a little more casual in a white T-shirt with brown cords and a distressed brown leather jacket.
Pierce Brosnan and son Paris Brosnan.
Credit: Getty
#brosnan #pierce #actor #made
The actor wore a gray suit, while his son wore a leather jacket.
Brosnan shares Paris with his wife Keely Shaye Smith.
Pierce Brosnan and his son Paris Brosnan made a rare joint appearance in London on September 10. The pair posed together on the red carpet at the premiere of Pierce's show MobLand and looked move alike than ever. The 73-year-old actor wore a navy suit with a white shirt and dark gray tie. Meanwhile, Paris, a 25-year-old model and actor, looked a little more casual in a white T-shirt with brown cords and a distressed brown leather jacket.
Pierce Brosnan and son Paris Brosnan.
Credit: Getty
#brosnan #pierce #actor #made
2 months ago
This article contains details, including depictions of violence, which some readers may find distressing.
Without the interventions of her family and friends, Amy says she would have married the man who had physically and psychologically abused her for much of their relationship.
Had the wedding gone ahead, she fears he would have eventually killed her.
Christopher Malcolm, a serial rapist who was recently jailed for his crimes, inflicted life-changing injuries on his former fiancée - on one occasion she said he left her face "black and blue" just before she visited her terminally ill father for Father's Day.
Amy, not her real name, told the BBC that staying in the relationship was often a means to calm the violence and survive. So long as Malcolm was free, she said she did not feel safe enough to report him to police.
#details
Without the interventions of her family and friends, Amy says she would have married the man who had physically and psychologically abused her for much of their relationship.
Had the wedding gone ahead, she fears he would have eventually killed her.
Christopher Malcolm, a serial rapist who was recently jailed for his crimes, inflicted life-changing injuries on his former fiancée - on one occasion she said he left her face "black and blue" just before she visited her terminally ill father for Father's Day.
Amy, not her real name, told the BBC that staying in the relationship was often a means to calm the violence and survive. So long as Malcolm was free, she said she did not feel safe enough to report him to police.
#details
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2 months ago
Celebrity blogger Perez Hilton has reduced the asking price of his sprawling Las Vegas mansion by $350,000—nearly one month after he was hospitalized following a health incident at his new Miami home.
The 48-year-old media personality initially listed the six-bedroom, 6.5-bathroom property for $4.25 million in June, telling Realtor.com® at the time that the custom-built residence had "served" him well during his years in Nevada.
Now, Hilton has reduced the price to $3.9 million as he looks to sever his remaining real estate ties to Nevada and settle permanently in Miami with his three children and mother.
The price cut comes mere hours after his family issued a public plea on his website asking fans and onlookers to stop gathering around his Miami residence—following a distressing livestream that prompted several calls to police and requests for a welfare check.
Officers ultimately transported Hilton to a nearby hospital, while mental health professionals and the Crisis Response Unit offered support to his friends and family.
#hilton #million #residence
The 48-year-old media personality initially listed the six-bedroom, 6.5-bathroom property for $4.25 million in June, telling Realtor.com® at the time that the custom-built residence had "served" him well during his years in Nevada.
Now, Hilton has reduced the price to $3.9 million as he looks to sever his remaining real estate ties to Nevada and settle permanently in Miami with his three children and mother.
The price cut comes mere hours after his family issued a public plea on his website asking fans and onlookers to stop gathering around his Miami residence—following a distressing livestream that prompted several calls to police and requests for a welfare check.
Officers ultimately transported Hilton to a nearby hospital, while mental health professionals and the Crisis Response Unit offered support to his friends and family.
#hilton #million #residence
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to go
2 months ago
Moerus Capital Management LLC, an investment management firm, recently released its "Worldwide Fund " second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The fund navigated a highly bifurcated investment environment in the second quarter of 2026, as investor enthusiasm for artificial intelligence and technology drove a sharp rally in growth stocks while capital moved away from more traditional, value-oriented areas. The Fund's Institutional Class returned 0.14% in Q2, compared with 14.49% for the MSCI ACWI ex USA and 14.93% for the MSCI ACWI, while its first-half return stood at 5.37%, versus 13.69% and 11.25%, respectively, for the two benchmarks. The relative underperformance was primarily driven by the Fund's limited exposure to Information Technology as semiconductor and AI-related stocks surged, while its Energy holdings also gave back some earlier gains as oil prices declined; however, the Fund benefited from several energy-related investments during the first half. Looking ahead, Moerus views the extreme gap between expensive AI-focused areas and neglected parts of the market as an opportunity, maintaining its long-term deep-value approach of investing in unpopular businesses and ****** ets at significant discounts to intrinsic value and using market volatility to identify potentially attractive investments. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Moerus Worldwide Fund highlighted stocks like Tidewater Inc. (NYSE:TDW). Tidewater Inc. is an offshore supply vessel operator that provides support services to the offshore energy industry. Moerus identified Tidewater as one of the Fund's five most significant positive contributors during the first half of 2026. The one-month return of Tidewater Inc. (NYSE:TDW) was 3.68% while its shares traded between $46.65 and $101.58 over the last 52 weeks. On September 7, 2026, Tidewater Inc. (NYSE:TDW) stock closed at approximately $94.26 per share, with a market capitalization of about $4.61 billion.
Moerus Worldwide Fund stated the following regarding Tidewater Inc. (NYSE:TDW) in its Q2 2026 investor letter:
"Similarly, we'd argue that offshore supply vessel (OSV) operator Tidewater Inc. (NYSE:TDW) has grown the per share value of its business dramatically since 2018 through a combination of a relentless focus on costs, share repurchases, and most notably, the utilization of its OSV industry-leading balance sheet to make three acquisitions of ****** ets (with a fourth pending) from distressed and/or motivated sellers at deep discounts to replacement costs during a years-long industry depression."
#tidewater #fund #energy #second
In its second-quarter 2026 investor letter, Moerus Worldwide Fund highlighted stocks like Tidewater Inc. (NYSE:TDW). Tidewater Inc. is an offshore supply vessel operator that provides support services to the offshore energy industry. Moerus identified Tidewater as one of the Fund's five most significant positive contributors during the first half of 2026. The one-month return of Tidewater Inc. (NYSE:TDW) was 3.68% while its shares traded between $46.65 and $101.58 over the last 52 weeks. On September 7, 2026, Tidewater Inc. (NYSE:TDW) stock closed at approximately $94.26 per share, with a market capitalization of about $4.61 billion.
Moerus Worldwide Fund stated the following regarding Tidewater Inc. (NYSE:TDW) in its Q2 2026 investor letter:
"Similarly, we'd argue that offshore supply vessel (OSV) operator Tidewater Inc. (NYSE:TDW) has grown the per share value of its business dramatically since 2018 through a combination of a relentless focus on costs, share repurchases, and most notably, the utilization of its OSV industry-leading balance sheet to make three acquisitions of ****** ets (with a fourth pending) from distressed and/or motivated sellers at deep discounts to replacement costs during a years-long industry depression."
#tidewater #fund #energy #second
2 months ago
Pamela Anderson says a doctor told her she probably had only 10 years to live after she was diagnosed with hepatitis C, leaving her terrified about what would happen to her two young sons.
Anderson revisited the diagnosis while accepting amfAR's Award of Courage at the organization's Sept. 6 gala in Venice. She described hepatitis C as a "death sentence" at the time because the treatments then available had not given her the certainty that later antiviral drugs would provide.
She ultimately completed a 12-week antiviral treatment and announced in 2015 that she was free of the virus. During her Venice speech, however, Anderson said the years surrounding the diagnosis affected her decisions and left behind feelings of shame and guilt that did not disappear with the medical result.
The 59-year-old actress ended her remarks by rejecting the victim label attached to difficult periods in her life. "I'm not a victim, I'm a victor," she told the audience. "I'm not the damsel in distress, no matter how easy that role is to play."
Anderson publicly disclosed in 2002 that she had hepatitis C. Looking back on that period at the amfAR Gala Venezia, she said the prognosis she received was stark.
#gala #told #years
Anderson revisited the diagnosis while accepting amfAR's Award of Courage at the organization's Sept. 6 gala in Venice. She described hepatitis C as a "death sentence" at the time because the treatments then available had not given her the certainty that later antiviral drugs would provide.
She ultimately completed a 12-week antiviral treatment and announced in 2015 that she was free of the virus. During her Venice speech, however, Anderson said the years surrounding the diagnosis affected her decisions and left behind feelings of shame and guilt that did not disappear with the medical result.
The 59-year-old actress ended her remarks by rejecting the victim label attached to difficult periods in her life. "I'm not a victim, I'm a victor," she told the audience. "I'm not the damsel in distress, no matter how easy that role is to play."
Anderson publicly disclosed in 2002 that she had hepatitis C. Looking back on that period at the amfAR Gala Venezia, she said the prognosis she received was stark.
#gala #told #years
2 months ago
The payment default rates of the Morningstar LSTA US Leveraged Loan Index (LLI) declined to 0.87% (by amount) and 1.17% (by count) in August as two companies rolled off the trailing 12-month window. There were two liability management exercises (LMEs) and one payment default during the month. The dual-track default rate (by count) at month-end was 2.88%, essentially unchanged from the 2.87% reading in July.
The distress ratio eased 39 bps to 6.50% on a broad rebound in bids, though distress remains elevated.
As of Aug. 31, the trailing 12-month default rates of the LLI were as follows:
Payment default rate by amount: 0.87%, down from 0.93% in July
Payment default rate by issuer count: 1.17%, down from 1.25% in July
#july #count #rate #rates
The distress ratio eased 39 bps to 6.50% on a broad rebound in bids, though distress remains elevated.
As of Aug. 31, the trailing 12-month default rates of the LLI were as follows:
Payment default rate by amount: 0.87%, down from 0.93% in July
Payment default rate by issuer count: 1.17%, down from 1.25% in July
#july #count #rate #rates
2 months ago
On August 3, The Andersons Inc. (NASDAQ:ANDE) reported second-quarter results that dwarfed last year's numbers, with net income attributable to the company climbing to $57 million, or $1.65 per diluted share, from just $7.9 million, or $0.23 per share, a year earlier. Adjusted net income reached $74 million, or $2.15 per share, versus $8.4 million, or $0.24 per share, in the second quarter of 2025. The turnaround leaned almost entirely on one business: renewable fuels.
Renewables did the heavy lifting. The segment posted a record second-quarter pretax income of $65 million, with the adjusted figure reaching $88 million, on record plant output and strong merchandising execution. Andersons credited its low-carbon strategy for $24 million in 45Z producer tax credits during the quarter, plus the first-quarter finalization of the Renewable Volume Obligations, which firmed up commodity markets and opened trading opportunities for the merchandising desk. Gains in distillers corn oil and RIN pricing also helped. Segment adjusted EBITDA came in at $103 million, more than triple the $30 million posted a year earlier.
Agribusiness improved too, if more modestly, with pretax income of $20 million, both on a GAAP and adjusted basis, up from $17 million in the prior-year quarter. Fertilizer margins strengthened even as volumes fell, and merchandising benefited from higher commodity prices and early-quarter volatility. The company is pushing further into low-carbon fuels, preparing a debottlenecking project at its Clymers, Indiana ethanol plant and advancing a Class VI well permit to capture more 45Z value. A new soybean meal export operation at the Port of Houston is expected online in the fourth quarter. Operating cash flow of $488 million for the quarter, up from $299 million a year earlier, gave the company room to keep funding those projects while holding long-term debt to EBITDA below its 2.5-times target.
The numbers come with caveats. Cash and cash equivalents stood at just $66.5 million at the end of the second quarter, down from $351 million a year earlier, even as short-term debt climbed to $314 million from $104 million. Much of that swing traces to working capital timing and investment spending rather than distress, but it leaves less cushion than the company carried a year ago.
In Agribusiness, the fertilizer and merchandising gains were partly offset by fuel surcharges, a reminder that the segment's profitability still moves with input costs it does not control. Andersons also warned that a drier stretch across its western growing regions could weigh on grain-asset profits this fall, even though better conditions in the eastern corn belt cut the other way, and that grower economics could limit fertilizer purchasing heading into the fall application season.
#million #year #income #Share
Renewables did the heavy lifting. The segment posted a record second-quarter pretax income of $65 million, with the adjusted figure reaching $88 million, on record plant output and strong merchandising execution. Andersons credited its low-carbon strategy for $24 million in 45Z producer tax credits during the quarter, plus the first-quarter finalization of the Renewable Volume Obligations, which firmed up commodity markets and opened trading opportunities for the merchandising desk. Gains in distillers corn oil and RIN pricing also helped. Segment adjusted EBITDA came in at $103 million, more than triple the $30 million posted a year earlier.
Agribusiness improved too, if more modestly, with pretax income of $20 million, both on a GAAP and adjusted basis, up from $17 million in the prior-year quarter. Fertilizer margins strengthened even as volumes fell, and merchandising benefited from higher commodity prices and early-quarter volatility. The company is pushing further into low-carbon fuels, preparing a debottlenecking project at its Clymers, Indiana ethanol plant and advancing a Class VI well permit to capture more 45Z value. A new soybean meal export operation at the Port of Houston is expected online in the fourth quarter. Operating cash flow of $488 million for the quarter, up from $299 million a year earlier, gave the company room to keep funding those projects while holding long-term debt to EBITDA below its 2.5-times target.
The numbers come with caveats. Cash and cash equivalents stood at just $66.5 million at the end of the second quarter, down from $351 million a year earlier, even as short-term debt climbed to $314 million from $104 million. Much of that swing traces to working capital timing and investment spending rather than distress, but it leaves less cushion than the company carried a year ago.
In Agribusiness, the fertilizer and merchandising gains were partly offset by fuel surcharges, a reminder that the segment's profitability still moves with input costs it does not control. Andersons also warned that a drier stretch across its western growing regions could weigh on grain-asset profits this fall, even though better conditions in the eastern corn belt cut the other way, and that grower economics could limit fertilizer purchasing heading into the fall application season.
#million #year #income #Share
2 months ago
Guns and ammunition retailers have faced financial distress, leading to store closings and bankruptcy filings as sales have fallen significantly over the last two years.
Industry experts believe some of the decline in sales might have resulted from buyers delaying purchases to take advantage of the reduction in the National Firearms Act tax from $200 to $0 beginning Jan. 1, 2026, the National Rifle **** ociation's American Rifleman reported. The decline of sales, however, has continued in 2026.
Financial issues had led firearms and ammunition retailer White Oak Armory LLC to file for Chapter 11 bankruptcy to reorganize its business, owing a disputed tax debt to the Tennessee Department of Revenue.
White Oak Armory filed its petition in the U.S. Bankruptcy Court for the Eastern District of Tennessee on Aug. 24, listing $500,000 to $1 million in **** ets and liabilities. The petition did not reveal whether the company's sales had declined, and the debtor did not give a specific reason for filing for bankruptcy in its petition.
The retailer was not immediately available for comment. The firearms dealer's website and telephone were still operating on Aug. 30.
#armory #tennessee #ammunition
Industry experts believe some of the decline in sales might have resulted from buyers delaying purchases to take advantage of the reduction in the National Firearms Act tax from $200 to $0 beginning Jan. 1, 2026, the National Rifle **** ociation's American Rifleman reported. The decline of sales, however, has continued in 2026.
Financial issues had led firearms and ammunition retailer White Oak Armory LLC to file for Chapter 11 bankruptcy to reorganize its business, owing a disputed tax debt to the Tennessee Department of Revenue.
White Oak Armory filed its petition in the U.S. Bankruptcy Court for the Eastern District of Tennessee on Aug. 24, listing $500,000 to $1 million in **** ets and liabilities. The petition did not reveal whether the company's sales had declined, and the debtor did not give a specific reason for filing for bankruptcy in its petition.
The retailer was not immediately available for comment. The firearms dealer's website and telephone were still operating on Aug. 30.
#armory #tennessee #ammunition
2 months ago
An investigation is ongoing after an Arizona State hockey player collapsed on the first day of workouts with the team this fall.
Sun Devils defenseman Matthew Mayich was participating in a workout on Aug. 20, the first day of Arizona State classes for the fall semester, when he collapsed. First responders arrived after calls of a heat-related illness, and Mayich was taken to a local hospital. He has since been transferred to the Barrow Neurological Institute in Phoenix.
Temperature at the time was reportedly between 87 and 89 degrees. The workout was being run by an ex-Green Beret soldier, too, who was leading the team through "grueling" drills, his attorney Robert Carey told the Arizona Republic on Monday. Multiple players told Carey that the former soldier, Tim Ziesel, "yelled at them from the get-go … like a drill instructor," and that they were told not to complain. Water, he said, was only available for those who led exercises.
Mayich allegedly showed obvious signs of distress and was unable to complete tasks throughout the workout.
"He was disoriented and struggled well before he collapsed," Carey said.
#mayich #workout
Sun Devils defenseman Matthew Mayich was participating in a workout on Aug. 20, the first day of Arizona State classes for the fall semester, when he collapsed. First responders arrived after calls of a heat-related illness, and Mayich was taken to a local hospital. He has since been transferred to the Barrow Neurological Institute in Phoenix.
Temperature at the time was reportedly between 87 and 89 degrees. The workout was being run by an ex-Green Beret soldier, too, who was leading the team through "grueling" drills, his attorney Robert Carey told the Arizona Republic on Monday. Multiple players told Carey that the former soldier, Tim Ziesel, "yelled at them from the get-go … like a drill instructor," and that they were told not to complain. Water, he said, was only available for those who led exercises.
Mayich allegedly showed obvious signs of distress and was unable to complete tasks throughout the workout.
"He was disoriented and struggled well before he collapsed," Carey said.
#mayich #workout
2 months ago
Two former employees of the Golden State Warriors are suing the franchise, alleging gender and race-based discrimination, workplace harassment and retaliation in regards to their eventual termination. A lawyer for former Warriors **** ociate general counsel Lisa Shelley — professionally known as Lisa Meyer — and former Warriors vice president of diversity, equity and inclusion Jennifer Vasquez filed the lawsuit Aug. 25 in San Francisco County's Superior Court of California. The two are seeking damages on the grounds of emotional distress and lost wages, and ask for "permanent injunctive relief in the form of an order" prohibiting the Golden State franchise from further discriminating against employees.
This article originally appeared on Hoops Hype: Two former employees of the Golden State Warriors are …
#employees #franchise #shelley #jennifer
This article originally appeared on Hoops Hype: Two former employees of the Golden State Warriors are …
#employees #franchise #shelley #jennifer
2 months ago
Moderna led the S&P 500 in August after reporting promising results from a late-stage trial of a personalized mRNA cancer vaccine it co-developed with Merck, according to CNBC. The data challenged years of skepticism about whether the company's mRNA technology could produce another major breakthrough following the decline of its Covid-19 vaccine business. "This is miraculous, so it got a miraculous welcome," CNBC's Jim Cramer said Monday.
Enterprise software stocks accounted for many of the index's other top performers. Palantir, Veeva Systems, Salesforce, and ServiceNow had each come under sustained selling pressure as investors grew skeptical that traditional software models could remain competitive against the backdrop of accelerating AI development, according to the outlet. Those declines were compounded by large short positions held by Situational Awareness, a leveraged hedge fund that had bet against software companies based on that thesis. When the fund was forced to unwind its trades in late July, those shorts became a tailwind for the stocks it had targeted. "As August comes to a grinding end, it's hard to believe that the reverberations of a hedge fund implosion could color so much of the month's action," Cramer said.
Situational Awareness, which was run by Leopold Aschenbrenner and peaked at $45 billion in **** ets at the start of July, lost roughly $35 billion after margin calls from prime brokers Bank of America, Goldman Sachs, and JPMorgan Chase forced a distressed sale of its publicly traded holdings to Ken Griffin's Citadel. The fund had used as much as 400% leverage and held large short positions in software names including Adobe alongside bullish bets on AI infrastructure stocks.
Among individual software stocks, Salesforce bounced back after better-than-expected quarterly results quieted fears of what Cramer called a "SaaSpocalypse," while ServiceNow gained ground after showing investors that AI could be folded into its platform without disrupting existing operations. Veeva Systems climbed in tandem with the wider software sector after the anticipated AI threat to its life sciences niche failed to materialize in any meaningful way. Gartner also joined the recovery, as worries that large AI models would erode the market for its research and advisory services turned out not to be borne out by the company's actual results.
Outside software, Newmont benefited from a recovery in gold prices, while Coinbase climbed as cryptocurrencies rebounded amid concerns about U.S. debt and government spending. Super Micro Computer and Sandisk also surged on strong demand for memory used in AI data centers.
#cramer
Enterprise software stocks accounted for many of the index's other top performers. Palantir, Veeva Systems, Salesforce, and ServiceNow had each come under sustained selling pressure as investors grew skeptical that traditional software models could remain competitive against the backdrop of accelerating AI development, according to the outlet. Those declines were compounded by large short positions held by Situational Awareness, a leveraged hedge fund that had bet against software companies based on that thesis. When the fund was forced to unwind its trades in late July, those shorts became a tailwind for the stocks it had targeted. "As August comes to a grinding end, it's hard to believe that the reverberations of a hedge fund implosion could color so much of the month's action," Cramer said.
Situational Awareness, which was run by Leopold Aschenbrenner and peaked at $45 billion in **** ets at the start of July, lost roughly $35 billion after margin calls from prime brokers Bank of America, Goldman Sachs, and JPMorgan Chase forced a distressed sale of its publicly traded holdings to Ken Griffin's Citadel. The fund had used as much as 400% leverage and held large short positions in software names including Adobe alongside bullish bets on AI infrastructure stocks.
Among individual software stocks, Salesforce bounced back after better-than-expected quarterly results quieted fears of what Cramer called a "SaaSpocalypse," while ServiceNow gained ground after showing investors that AI could be folded into its platform without disrupting existing operations. Veeva Systems climbed in tandem with the wider software sector after the anticipated AI threat to its life sciences niche failed to materialize in any meaningful way. Gartner also joined the recovery, as worries that large AI models would erode the market for its research and advisory services turned out not to be borne out by the company's actual results.
Outside software, Newmont benefited from a recovery in gold prices, while Coinbase climbed as cryptocurrencies rebounded amid concerns about U.S. debt and government spending. Super Micro Computer and Sandisk also surged on strong demand for memory used in AI data centers.
#cramer
2 months ago
Guns and ammunition retailers have faced financial distress, leading to store closings and bankruptcy filings as sales have fallen significantly over the last two years.
Industry experts believe some of the decline in sales might have resulted from buyers delaying purchases to take advantage of the reduction in the National Firearms Act tax from $200 to $0 beginning Jan. 1, 2026, the National Rifle ****** ociation's American Rifleman reported. The decline of sales, however, has continued in 2026.
Financial issues had led firearms and ammunition retailer White Oak Armory LLC to file for Chapter 11 bankruptcy to reorganize its business, owing a disputed tax debt to the Tennessee Department of Revenue.
White Oak Armory filed its petition in the U.S. Bankruptcy Court for the Eastern District of Tennessee on Aug. 24, listing $500,000 to $1 million in ****** ets and liabilities. The petition did not reveal whether the company's sales had declined, and the debtor did not give a specific reason for filing for bankruptcy in its petition.
The retailer was not immediately available for comment. The firearms dealer's website and telephone were still operating on Aug. 30.
#sales
Industry experts believe some of the decline in sales might have resulted from buyers delaying purchases to take advantage of the reduction in the National Firearms Act tax from $200 to $0 beginning Jan. 1, 2026, the National Rifle ****** ociation's American Rifleman reported. The decline of sales, however, has continued in 2026.
Financial issues had led firearms and ammunition retailer White Oak Armory LLC to file for Chapter 11 bankruptcy to reorganize its business, owing a disputed tax debt to the Tennessee Department of Revenue.
White Oak Armory filed its petition in the U.S. Bankruptcy Court for the Eastern District of Tennessee on Aug. 24, listing $500,000 to $1 million in ****** ets and liabilities. The petition did not reveal whether the company's sales had declined, and the debtor did not give a specific reason for filing for bankruptcy in its petition.
The retailer was not immediately available for comment. The firearms dealer's website and telephone were still operating on Aug. 30.
#sales
2 months ago
A federal judge has ordered Justin Baldoni and Wayfarer Studios to pay a portion of Blake Lively's attorneys' fees and litigation costs pertaining to their legal battle last year. Although the request seems to favor the actress, it is a small fraction compared to what she originally asked for.
On August 26, in an order obtained by People, U.S. District Judge Lewis J. Liman awarded Lively $363,245.40 in attorneys' fees and $44,206.35 in costs. She originally requested $8,035,040.88 for her defense against Baldoni and Wayfarer's defamation countersuit, which has been dismissed.
The Jane the Virgin star and Gossip Girl actress have been embroiled in legal woes since December 2024, when the actress accused her It Ends With Us director of ****** ual harassment, aiding and abetting harassment and causing intentional infliction of emotional distress while working on the film.
Most of Lively's claims were dismissed by a judge. However, her claims of retaliation and breach of contract were still allowed to proceed to trial.
Mayer/ MEGA
#actress #attorneys
On August 26, in an order obtained by People, U.S. District Judge Lewis J. Liman awarded Lively $363,245.40 in attorneys' fees and $44,206.35 in costs. She originally requested $8,035,040.88 for her defense against Baldoni and Wayfarer's defamation countersuit, which has been dismissed.
The Jane the Virgin star and Gossip Girl actress have been embroiled in legal woes since December 2024, when the actress accused her It Ends With Us director of ****** ual harassment, aiding and abetting harassment and causing intentional infliction of emotional distress while working on the film.
Most of Lively's claims were dismissed by a judge. However, her claims of retaliation and breach of contract were still allowed to proceed to trial.
Mayer/ MEGA
#actress #attorneys
2 months ago
Interested in Eaton Vance Risk-Managed Diversified Equity Income Fund? Here are five stocks we like better.
Closed-end funds can offer high monthly dividend yields while diversifying away the company-specific risk tied to individual high-yield stocks.
ETJ, MEGI, and ARDC provide yields of 9.3%, 9.9%, and 10.9%, respectively, but each carries distinct fees, strategies, and risks.
Investors should weigh trade-offs such as MEGI's 2033 liquidation date, high expense ratios, and exposure to below-investment-grade debt in ARDC.
Ultra-high dividend yields for individual stocks may appeal to investors seeking additional income—after all, who doesn't want high dividend payments? At the same time, though, a very high yield can sometimes be a giant red flag for investors. If the yield is high because of a value trap in which the price of the stock is failing and the company is distressed, there is a growing risk of either a dividend cut or a continued decline to share price, or both.
#high #investors #stocks
Closed-end funds can offer high monthly dividend yields while diversifying away the company-specific risk tied to individual high-yield stocks.
ETJ, MEGI, and ARDC provide yields of 9.3%, 9.9%, and 10.9%, respectively, but each carries distinct fees, strategies, and risks.
Investors should weigh trade-offs such as MEGI's 2033 liquidation date, high expense ratios, and exposure to below-investment-grade debt in ARDC.
Ultra-high dividend yields for individual stocks may appeal to investors seeking additional income—after all, who doesn't want high dividend payments? At the same time, though, a very high yield can sometimes be a giant red flag for investors. If the yield is high because of a value trap in which the price of the stock is failing and the company is distressed, there is a growing risk of either a dividend cut or a continued decline to share price, or both.
#high #investors #stocks
2 months ago
Brittany Boltinhouse has sued the Miss USA organization after being stripped of her Miss North Carolina USA 2026 ***** le.
Boltinhouse claims the organization falsely smeared her as a "racist, ***** phobe, transphobe, and intolerable bigot to be shunned from public life," then "sicced an online mob" on her.
The 27-year-old is seeking seeking damages for emotional distress, reputational harm, and potential loss of income, and has requested a jury trial.
The Miss USA pageant is facing a defamation suit after it stripped one of its contestants of her ***** le.
Brittany Boltinhouse, a 27-year-old business owner from Beulaville, N.C., was crowned Miss North Carolina USA 2026 on June 28. A little over a month later, her crown and scepter were ***** ed back, with Miss USA chairman and CEO Thom Brodeur announcing that his organization doesn't tolerate "racism, ***** phobia, transphobia, nor language that strips any person of their dignity."
#miss #organization
Boltinhouse claims the organization falsely smeared her as a "racist, ***** phobe, transphobe, and intolerable bigot to be shunned from public life," then "sicced an online mob" on her.
The 27-year-old is seeking seeking damages for emotional distress, reputational harm, and potential loss of income, and has requested a jury trial.
The Miss USA pageant is facing a defamation suit after it stripped one of its contestants of her ***** le.
Brittany Boltinhouse, a 27-year-old business owner from Beulaville, N.C., was crowned Miss North Carolina USA 2026 on June 28. A little over a month later, her crown and scepter were ***** ed back, with Miss USA chairman and CEO Thom Brodeur announcing that his organization doesn't tolerate "racism, ***** phobia, transphobia, nor language that strips any person of their dignity."
#miss #organization
2 months ago
Over a 40+ year career on Wall Street, David Tepper has built a fortune estimated at $23.7 billion, mainly by making aggressive, concentrated wagers. First, he focused on the distressed debt market, building his Appaloosa Management into one of the largest and most successful hedge funds and earning him billions in the process.
Now, Appaloosa primarily manages Tepper's personal fortune. Instead of distressed debt, Tepper now mainly invests in large-cap tech stocks, most notably Amazon (NASDAQ: AMZN). According to Appaloosa's latest 13-F filing with the Securities and Exchange Commission (SEC), Tepper has around 16% of his nearly $7.5 billion stock portfolio invested in this "Magnificent Seven" stock.
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 »
During the quarter ending June 30, Tepper's Appaloosa increased its position in Amazon by 680,000 shares, or just under 15.8%. During this same time frame, Appaloosa reduced its Micron position by 41.4% and exited its Sandisk position entirely. The fund also increased its positions in Alphabet and Meta Platforms by 6.7% and 54.6%, respectively.
This strongly suggests a cycling out of "pick-and-shovel" artificial intelligence (AI) plays, into hyperscaler stocks. Tepper's fund may have made an aggressive pivot toward Facebook and Instagram parent Meta Platforms, but given that Meta accounts for only 5.1% of the overall portfolio, Amazon seems to remain the investor's highest-conviction bet on the AI growth trend.
#tepper #amazon #NVIDIA
Now, Appaloosa primarily manages Tepper's personal fortune. Instead of distressed debt, Tepper now mainly invests in large-cap tech stocks, most notably Amazon (NASDAQ: AMZN). According to Appaloosa's latest 13-F filing with the Securities and Exchange Commission (SEC), Tepper has around 16% of his nearly $7.5 billion stock portfolio invested in this "Magnificent Seven" stock.
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 »
During the quarter ending June 30, Tepper's Appaloosa increased its position in Amazon by 680,000 shares, or just under 15.8%. During this same time frame, Appaloosa reduced its Micron position by 41.4% and exited its Sandisk position entirely. The fund also increased its positions in Alphabet and Meta Platforms by 6.7% and 54.6%, respectively.
This strongly suggests a cycling out of "pick-and-shovel" artificial intelligence (AI) plays, into hyperscaler stocks. Tepper's fund may have made an aggressive pivot toward Facebook and Instagram parent Meta Platforms, but given that Meta accounts for only 5.1% of the overall portfolio, Amazon seems to remain the investor's highest-conviction bet on the AI growth trend.
#tepper #amazon #NVIDIA
2 months ago
Ken Griffin bought Situational Awareness's distressed AI semiconductor positions at discounts over 10% after the leveraged fund collapsed 67% in July.
Citadel shed 80% of the acquired portfolio risk through nearly 100 block trades totaling $4 billion once markets stabilized.
The investor edge lies in distinguishing leverage-driven forced selling from fundamental decline, given that margin calls can manufacture the market's best entry points.
Don't wait: the ******* yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
The AI trade has entered a new phase. After months of relentless optimism, leverage and crowded positioning collided with a sharp July sell-off in semiconductor stocks, exposing how quickly a winning trade can become a forced liquidation. The damage was especially severe for hedge funds that borrowed heavily to amplify returns.
#stocks #citadel #don 't
Citadel shed 80% of the acquired portfolio risk through nearly 100 block trades totaling $4 billion once markets stabilized.
The investor edge lies in distinguishing leverage-driven forced selling from fundamental decline, given that margin calls can manufacture the market's best entry points.
Don't wait: the ******* yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
The AI trade has entered a new phase. After months of relentless optimism, leverage and crowded positioning collided with a sharp July sell-off in semiconductor stocks, exposing how quickly a winning trade can become a forced liquidation. The damage was especially severe for hedge funds that borrowed heavily to amplify returns.
#stocks #citadel #don 't
2 months ago
As founder of the hedge fund company Appaloosa Management, David Tepper has built a reputation for bold, often contrarian bets -- particularly in distressed ***** ets. Investors monitor his moves closely because his track record includes legendary gains even during the toughest economic cycles.
New 13F filings reveal that during the second quarter, Appaloosa sold its entire position in Sandisk (NASDAQ: SNDK) while initiating a new stake in Broadcom (NASDAQ: AVGO). These moves offer a window into how Tepper is navigating the current chapter of the artificial intelligence (AI) revolution.
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 »
Sandisk produces NAND flash memory, the high-speed storage technology that powers solid-state drives (SSDs). In the AI infrastructure era, these products have become indispensable because AI data centers require vast amounts of fast, dense storage to hold training data and inference workloads. AI-driven demand has fueled NAND prices sharply in recent quarters, shifting Sandisk's revenue mix toward enterprise data center customers. Revenue and margins are expanding dramatically as sales surge and pricing power returns to the storage specialist.
Filings show that Tepper initiated the Sandisk position during the first quarter of 2026 and subsequently exited completely sometime in the second quarter. While exact entry and exit prices are private, the timing alone implies substantial gains.
#NVIDIA #signal #storage
New 13F filings reveal that during the second quarter, Appaloosa sold its entire position in Sandisk (NASDAQ: SNDK) while initiating a new stake in Broadcom (NASDAQ: AVGO). These moves offer a window into how Tepper is navigating the current chapter of the artificial intelligence (AI) revolution.
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 »
Sandisk produces NAND flash memory, the high-speed storage technology that powers solid-state drives (SSDs). In the AI infrastructure era, these products have become indispensable because AI data centers require vast amounts of fast, dense storage to hold training data and inference workloads. AI-driven demand has fueled NAND prices sharply in recent quarters, shifting Sandisk's revenue mix toward enterprise data center customers. Revenue and margins are expanding dramatically as sales surge and pricing power returns to the storage specialist.
Filings show that Tepper initiated the Sandisk position during the first quarter of 2026 and subsequently exited completely sometime in the second quarter. While exact entry and exit prices are private, the timing alone implies substantial gains.
#NVIDIA #signal #storage