1 hr. ago
Red Sox Place Enormous Pressure On Patrick Sandoval In Series Finale originally appeared on NESN. Add NESN as a Preferred Source by clicking here.
The Boston Red Sox do not need Patrick Sandoval to be perfect Wednesday afternoon. They desperately need him to prevent the game from being decided before the middle innings.
Boston will send Sandoval to the mound for its series finale against the Seattle Mariners at Fenway Park after rookie Jedixson Paez allowed eight earned runs in Tuesday's 9-6 loss.
The defeat required the bullpen to cover 5 1/3 innings. It also dropped the Red Sox to 75-64, four games behind the New York Yankees for the top American League wild-card position.
Sandoval enters the start with a 1-3 record, 4.20 ERA, 48 strikeouts and a 1.71 WHIP.
#sandoval #patrick #nesn #enormous
The Boston Red Sox do not need Patrick Sandoval to be perfect Wednesday afternoon. They desperately need him to prevent the game from being decided before the middle innings.
Boston will send Sandoval to the mound for its series finale against the Seattle Mariners at Fenway Park after rookie Jedixson Paez allowed eight earned runs in Tuesday's 9-6 loss.
The defeat required the bullpen to cover 5 1/3 innings. It also dropped the Red Sox to 75-64, four games behind the New York Yankees for the top American League wild-card position.
Sandoval enters the start with a 1-3 record, 4.20 ERA, 48 strikeouts and a 1.71 WHIP.
#sandoval #patrick #nesn #enormous
2 hours ago
Nvidia has placed a large financial bet on the lasers that connect AI systems. On March 2, NVIDIA Corporation (NASDAQ:NVDA) invested $2 billion in Coherent Corp. (NYSE:COHR) common stock and entered a nonexclusive multiyear strategic arrangement covering optics development, purchase commitments, and access to manufacturing capacity. Coherent's August filing keeps attention on the capital required to meet that opportunity. The deal suggests bandwidth, not raw compute alone, may determine how quickly next-generation data centers scale.
Photo from Coherent website
NVIDIA Corporation (NASDAQ:NVDA) needs faster and more power-efficient connections as clusters grow to enormous numbers of accelerators. Strategic access to lasers and optical components can reduce supply risk and help Nvidia coordinate networking with its computing roadmap. The bull case is that Nvidia secures a critical input before demand peaks. The bear case is that purchase commitments could become less attractive if technologies shift or capacity expands faster than customers need.
Coherent Corp. (NYSE:COHR) gains capital, demand visibility, and validation from the AI industry's most influential platform company. Its lasers, transceivers, and materials can participate as data movement consumes a larger share of system power and cost. Yet scaling production requires capital expenditures and working capital well before all revenue is recognized. Customer concentration, manufacturing yields, pricing negotiations, and technology transitions can determine whether volume growth becomes attractive free cash flow.
The nonexclusive structure is important here. Nvidia can support capacity without surrendering alternative suppliers, while Coherent can sell beyond Nvidia. That makes the arrangement more resilient than an acquisition, but it also limits exclusivity as a competitive moat. The strongest thesis is not that one partner controls optics. It is that AI architectures need substantially more optical content, allowing both partners to benefit if execution holds.
#capital #nvda #NYSE
Photo from Coherent website
NVIDIA Corporation (NASDAQ:NVDA) needs faster and more power-efficient connections as clusters grow to enormous numbers of accelerators. Strategic access to lasers and optical components can reduce supply risk and help Nvidia coordinate networking with its computing roadmap. The bull case is that Nvidia secures a critical input before demand peaks. The bear case is that purchase commitments could become less attractive if technologies shift or capacity expands faster than customers need.
Coherent Corp. (NYSE:COHR) gains capital, demand visibility, and validation from the AI industry's most influential platform company. Its lasers, transceivers, and materials can participate as data movement consumes a larger share of system power and cost. Yet scaling production requires capital expenditures and working capital well before all revenue is recognized. Customer concentration, manufacturing yields, pricing negotiations, and technology transitions can determine whether volume growth becomes attractive free cash flow.
The nonexclusive structure is important here. Nvidia can support capacity without surrendering alternative suppliers, while Coherent can sell beyond Nvidia. That makes the arrangement more resilient than an acquisition, but it also limits exclusivity as a competitive moat. The strongest thesis is not that one partner controls optics. It is that AI architectures need substantially more optical content, allowing both partners to benefit if execution holds.
#capital #nvda #NYSE
3 hours ago
Chevron Corporation (NYSE:CVX), GE Vernova Inc. (NYSE:GEV), India's ONGC, Italy's Eni and Colombia's GeoPark are reportedly close to signing final agreements for energy projects in Venezuela after months of negotiations. Most of the agreements would move existing oil contracts under Venezuela's amended hydrocarbons law, which gives foreign companies more flexibility to operate and expand fields, export crude and receive cash proceeds from sales. Some agreements would also cover new electricity and energy projects.
For Chevron Corporation (NYSE:CVX), the opportunity could be particularly significant. The company is seeking to add a block in Venezuela's Orinoco Belt, which could allow it to expand an existing joint venture with state-owned PDVSA. It is also pursuing an area in Monagas North that could provide diluents needed for its extra-heavy oil production. The Wall Street Journal previously reported that Chevron was close to securing rights to two additional heavy-oil fields.
The agreements would represent another step toward reopening Venezuela's energy sector to foreign investment, but the final list of companies and terms had not yet been finalized at the time of the Reuters report.
The biggest positive is greater access to Venezuela's enormous oil resources. The amended hydrocarbons framework could give foreign companies more control over their operations and improve their ability to monetize production. For Chevron Corporation (NYSE:CVX), additional acreage in the Orinoco Belt could provide a meaningful avenue to increase long-term Venezuelan production.
Chevron also has an advantage over companies entering Venezuela for the first time because it already operates joint ventures in the country. That existing infrastructure, relationships, and operational experience could allow it to capture opportunities more efficiently as the sector reopens. The Wall Street Journal has noted that Chevron is currently the only major U.S. oil company operating in Venezuela.
#agreements #Companies #energy
For Chevron Corporation (NYSE:CVX), the opportunity could be particularly significant. The company is seeking to add a block in Venezuela's Orinoco Belt, which could allow it to expand an existing joint venture with state-owned PDVSA. It is also pursuing an area in Monagas North that could provide diluents needed for its extra-heavy oil production. The Wall Street Journal previously reported that Chevron was close to securing rights to two additional heavy-oil fields.
The agreements would represent another step toward reopening Venezuela's energy sector to foreign investment, but the final list of companies and terms had not yet been finalized at the time of the Reuters report.
The biggest positive is greater access to Venezuela's enormous oil resources. The amended hydrocarbons framework could give foreign companies more control over their operations and improve their ability to monetize production. For Chevron Corporation (NYSE:CVX), additional acreage in the Orinoco Belt could provide a meaningful avenue to increase long-term Venezuelan production.
Chevron also has an advantage over companies entering Venezuela for the first time because it already operates joint ventures in the country. That existing infrastructure, relationships, and operational experience could allow it to capture opportunities more efficiently as the sector reopens. The Wall Street Journal has noted that Chevron is currently the only major U.S. oil company operating in Venezuela.
#agreements #Companies #energy
4 hours ago
Venezuela has the largest proven oil reserves in the world, and its heavy crude is particularly well suited to the sophisticated refineries lining the U.S. Gulf Coast. More Venezuelan oil should help U.S. refiners, but that doesn't translate directly into lower prices at the pump.
Trump announced Friday that the U.S. had secured majority control over Venezuelan fields containing more than 65 billion barrels of oil, saying the agreement would greatly increase U.S. supply and substantially lower gasoline prices "long into the future." On Sunday, he added another destination for Venezuelan crude, saying Washington would soon start using it to refill the Strategic Petroleum Reserve.
The deal gives the U.S. access to an enormous oil resource, but the effect on gasoline prices will depend on how much additional Venezuelan crude can actually be produced and where those barrels go.
Venezuela is currently producing roughly 1.25 million bpd, while the new projects are targeting production above 1.5 million bpd. Getting substantially beyond that will require more drilling, extensive workovers, improved infrastructure, reliableF access to diluents and significantly more drilling rigs, according to Rystad.
Venezuelan crude's role in American refining is already substantial. U.S. imports from Venezuela averaged 637,000 bpd over the four weeks through Aug. 21, according to the EIA, reaching 662,000 bpd in the latest week. Venezuela was the second-largest U.S. crude supplier behind Canada during that period. Those barrels have become more useful as the U.S.-Iran war has disrupted crude and heavy fuel oil flows from the Middle East.
#venezuelan
Trump announced Friday that the U.S. had secured majority control over Venezuelan fields containing more than 65 billion barrels of oil, saying the agreement would greatly increase U.S. supply and substantially lower gasoline prices "long into the future." On Sunday, he added another destination for Venezuelan crude, saying Washington would soon start using it to refill the Strategic Petroleum Reserve.
The deal gives the U.S. access to an enormous oil resource, but the effect on gasoline prices will depend on how much additional Venezuelan crude can actually be produced and where those barrels go.
Venezuela is currently producing roughly 1.25 million bpd, while the new projects are targeting production above 1.5 million bpd. Getting substantially beyond that will require more drilling, extensive workovers, improved infrastructure, reliableF access to diluents and significantly more drilling rigs, according to Rystad.
Venezuelan crude's role in American refining is already substantial. U.S. imports from Venezuela averaged 637,000 bpd over the four weeks through Aug. 21, according to the EIA, reaching 662,000 bpd in the latest week. Venezuela was the second-largest U.S. crude supplier behind Canada during that period. Those barrels have become more useful as the U.S.-Iran war has disrupted crude and heavy fuel oil flows from the Middle East.
#venezuelan
5 hours ago
Sullivan named CVX and XOM among prospective participants in a 25-year Venezuelan lease deal, but warned real production is years away.
Venezuela's output collapsed from 3.2 to 1.2 million barrels per day since 1997, leaving 65 billion barrels stranded without capital or expertise.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Exxon Mobil didn't make the cut. Grab the names FREE today.
CNBC's Brian Sullivan walked viewers through the announced U.S.-Venezuela oil arrangement Monday, delivering a simple message for investors: the headline reserve number is enormous, and the timeline to real production might not be as long as some would expect.
"Venezuela, 65 billion barrels proven reserves on the part of this deal. Venezuela obviously has more. The U.S. under this would control 55% of that," Sullivan said, framing a reported 25-year lease structure valued at $100 billion-plus in investment by U.S. energy companies.
#billion #lease
Venezuela's output collapsed from 3.2 to 1.2 million barrels per day since 1997, leaving 65 billion barrels stranded without capital or expertise.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Exxon Mobil didn't make the cut. Grab the names FREE today.
CNBC's Brian Sullivan walked viewers through the announced U.S.-Venezuela oil arrangement Monday, delivering a simple message for investors: the headline reserve number is enormous, and the timeline to real production might not be as long as some would expect.
"Venezuela, 65 billion barrels proven reserves on the part of this deal. Venezuela obviously has more. The U.S. under this would control 55% of that," Sullivan said, framing a reported 25-year lease structure valued at $100 billion-plus in investment by U.S. energy companies.
#billion #lease
13 hours ago
NEW YORK (AP) — The Alex Eala fans came bearing Filipino flags, and wearing hats telling her to fight on ("Laban Alex"). They cheered her sizzling groundstrokes, documented her volleys and serves in photos and video, and in some cases FaceTimed with friends or family.
And this was only at the practice courts.
It was about four hours before Eala was to take the court for her first-round U.S. Open match Monday night, and every seat at the practice court was filled. Many of Eala's fans didn't have tickets for the evening session. But they'd come to see their idol hit some tennis ******* .
It was hardly surprising, given the enormous, ardent, ever-growing fan base that now surrounds the charismatic 21-year-old. This summer has seen Eala beat Iga Swiatek at Wimbledon and win her first tour singles ******* le, at Washington. She's at a career-best 18th in the world, and many think she'll continue her ascent.
One of the fans watching on a rainy afternoon was Andrea Belen, at 21 the same age as Eala. Belen, a premed student at New York University, explained that she hadn't been a big tennis fan until Eala came along — someone who looked just like her.
#york #practice #court #first
And this was only at the practice courts.
It was about four hours before Eala was to take the court for her first-round U.S. Open match Monday night, and every seat at the practice court was filled. Many of Eala's fans didn't have tickets for the evening session. But they'd come to see their idol hit some tennis ******* .
It was hardly surprising, given the enormous, ardent, ever-growing fan base that now surrounds the charismatic 21-year-old. This summer has seen Eala beat Iga Swiatek at Wimbledon and win her first tour singles ******* le, at Washington. She's at a career-best 18th in the world, and many think she'll continue her ascent.
One of the fans watching on a rainy afternoon was Andrea Belen, at 21 the same age as Eala. Belen, a premed student at New York University, explained that she hadn't been a big tennis fan until Eala came along — someone who looked just like her.
#york #practice #court #first
2 days ago
Diana, Princess of Wales (1961 - 1997) attends a dinner at the British Embassy in Washington, DC, November 1985. She is wearing an evening dress by Murray Arbeid and the Queen Mary tiara. (Photo by Terry Fincher/Princess Diana Archive/Getty Images)
I was in the eighth grade, preparing to enter high school, when Lady Diana Spencer married Prince Charles.
Some of the girls from my junior high softball team spent the night at our house because we had the big television—the kind not every family had in 1981. My mother woke us at around five o'clock in the morning so we could watch the royal wedding live from London.
She made tea and crumpets, little tea sandwiches and all kinds of treats. We gathered around that television, sleepy and excited, waiting to see the prince, the carriage and the beautiful young woman in the enormous ivory dress.
There were no smartphones, no social media, and no livestreams we could replay later. There was simply the television and the shared experience of watching a real-life fairy tale unfold before our eyes.
#diana #around #wales #embassy
I was in the eighth grade, preparing to enter high school, when Lady Diana Spencer married Prince Charles.
Some of the girls from my junior high softball team spent the night at our house because we had the big television—the kind not every family had in 1981. My mother woke us at around five o'clock in the morning so we could watch the royal wedding live from London.
She made tea and crumpets, little tea sandwiches and all kinds of treats. We gathered around that television, sleepy and excited, waiting to see the prince, the carriage and the beautiful young woman in the enormous ivory dress.
There were no smartphones, no social media, and no livestreams we could replay later. There was simply the television and the shared experience of watching a real-life fairy tale unfold before our eyes.
#diana #around #wales #embassy
2 days ago
The Indian cricket board's reluctance to seek better price discovery ahead of the upcoming IPL and home bilateral media rights tender is weighing heavily on the industry.
With about six months to go before the final IPL edition of the 2023-27 rights cycle begins, there is growing concern among cricket's biggest stakeholders that the absence of a credible bidder other than JioStar will prevent an accurate ******* sment of the property's value, and, in turn, deny the market the competitive tension that has driven IPL rights upwards for a decade.
That sentiment was echoed by none other than Uday Shankar, the media entrepreneur who serves as vice-chairman of JioStar, at the recent ET World Leaders Forum.
"Ten years ago, you would have multiple and serious media companies (around four) competing for major sports rights. You'd have four or more companies genuinely fighting for properties. Today, increasingly, it feels as if we are the only ones standing. And that's not healthy," Shankar said.
"The fundamental issue is that the cost of the rights has risen dramatically. But the ability to monetise those rights hasn't necessarily risen at the same rate. The value of sports is enormous, but the rights holder, broadcaster and platform all need to participate in a sustainable ecosystem," he added.
The worrying part of this narrative is the absence of a Plan B for Indian cricket. That JioStar will bid healthily for the IPL is a given: its subscription numbers are heavily leveraged against cricket consumption. What is baffling is the BCCI's inability to bring more participants to the table.
Players such as YouTube and Netflix have been engaging aggressively with sport in the West. YouTube's move into rights aggregation and bundling has, in fact, become an industry trend of its own.
YouTube increasingly treats sport not as a series of standalone rights acquisitions but as the anchor of a broader pay-TV and subscription ecosystem. Its seven-year deal for exclusive US distribution of NFL Sunday Ticket — worth a reported $2 billion a season — works both as a value-add for YouTube TV subscribers and as a standalone product sold through YouTube channels.
Average revenue per user in the West bears little resemblance to what the subcontinent generates, which complicates the ******* umption that volume alone wins the argument. Even so, Indian cricket remains the only market in this part of the world worth a player like YouTube testing the waters in.
More recently, Netflix co-CEO Ted Sarandos told The Economic Times that the streaming giant was interested in live sport, including cricket, but had no intention of becoming a "conventional full-season sports broadcaster".
If so, a property like the IPL sits squarely in Netflix's territory. The storytelling potential of an India-first sports property speaks to a billion-plus domestic audience, a vast global diaspora, and to markets where cricket remains one of India's most effective export
With about six months to go before the final IPL edition of the 2023-27 rights cycle begins, there is growing concern among cricket's biggest stakeholders that the absence of a credible bidder other than JioStar will prevent an accurate ******* sment of the property's value, and, in turn, deny the market the competitive tension that has driven IPL rights upwards for a decade.
That sentiment was echoed by none other than Uday Shankar, the media entrepreneur who serves as vice-chairman of JioStar, at the recent ET World Leaders Forum.
"Ten years ago, you would have multiple and serious media companies (around four) competing for major sports rights. You'd have four or more companies genuinely fighting for properties. Today, increasingly, it feels as if we are the only ones standing. And that's not healthy," Shankar said.
"The fundamental issue is that the cost of the rights has risen dramatically. But the ability to monetise those rights hasn't necessarily risen at the same rate. The value of sports is enormous, but the rights holder, broadcaster and platform all need to participate in a sustainable ecosystem," he added.
The worrying part of this narrative is the absence of a Plan B for Indian cricket. That JioStar will bid healthily for the IPL is a given: its subscription numbers are heavily leveraged against cricket consumption. What is baffling is the BCCI's inability to bring more participants to the table.
Players such as YouTube and Netflix have been engaging aggressively with sport in the West. YouTube's move into rights aggregation and bundling has, in fact, become an industry trend of its own.
YouTube increasingly treats sport not as a series of standalone rights acquisitions but as the anchor of a broader pay-TV and subscription ecosystem. Its seven-year deal for exclusive US distribution of NFL Sunday Ticket — worth a reported $2 billion a season — works both as a value-add for YouTube TV subscribers and as a standalone product sold through YouTube channels.
Average revenue per user in the West bears little resemblance to what the subcontinent generates, which complicates the ******* umption that volume alone wins the argument. Even so, Indian cricket remains the only market in this part of the world worth a player like YouTube testing the waters in.
More recently, Netflix co-CEO Ted Sarandos told The Economic Times that the streaming giant was interested in live sport, including cricket, but had no intention of becoming a "conventional full-season sports broadcaster".
If so, a property like the IPL sits squarely in Netflix's territory. The storytelling potential of an India-first sports property speaks to a billion-plus domestic audience, a vast global diaspora, and to markets where cricket remains one of India's most effective export
3 days ago
Nursing home bills can wipe out the tax on a Roth conversion when both occur in the same year, because deductible medical costs above 7.5% of AGI offset conversion income.
The strategy requires itemizing deductions and works only when the IRA owner and the patient are the same person, a spouse, or a qualifying dependent.
Each converted dollar raises AGI, lifting the 7.5% deduction floor, and a larger MAGI can trigger IRMAA Medicare surcharges two years later.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
If you have a traditional IRA and someone in your household faces catastrophic nursing home bills, a tax interaction exists. A Roth conversion executed in the same year as enormous deductible medical costs can move IRA dollars into a Roth at a fraction of their normal tax cost, because the medical expense itemized deduction absorbs the taxable income the conversion generates. The strategy pairs two ordinary tools most people use separately, and the window closes at year-end.
#deductible
The strategy requires itemizing deductions and works only when the IRA owner and the patient are the same person, a spouse, or a qualifying dependent.
Each converted dollar raises AGI, lifting the 7.5% deduction floor, and a larger MAGI can trigger IRMAA Medicare surcharges two years later.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
If you have a traditional IRA and someone in your household faces catastrophic nursing home bills, a tax interaction exists. A Roth conversion executed in the same year as enormous deductible medical costs can move IRA dollars into a Roth at a fraction of their normal tax cost, because the medical expense itemized deduction absorbs the taxable income the conversion generates. The strategy pairs two ordinary tools most people use separately, and the window closes at year-end.
#deductible
4 days ago
Skims has made two major changes to its leadership positions, including the hiring of former Supreme chief creative officer Eric Magee.
As reported by Women's Wear Daily, the company announced on Monday (Aug. 24) that longtime creative director Kim Schraub has been promoted to chief brand officer and Magee has been hired as chief design officer. Schraub has been working for Skims, which was co-founded by Kim Kardashian and Jens Grede in 2019, before it officially launched. She previously led product, packaging, and campaigns, but now she'll handle the brand across retail, campaigns, collaborations, and storytelling.
"Kim has been with us since before Skims existed. She helped turn an idea into a brand that people genuinely love," said Kardashian. "Her creative instincts have helped shape everything about how Skims shows up in the world, and this promotion is a reflection of the enormous impact she has had, and the trust Jens and I have in her vision. I can't wait to see where she takes us next."
Grede added that Schraub is "one of the most talented creatives" he's worked with, and that the promotion is "the natural evolution of the creative leadership she has always provided." She's got over 25 years of experience in the fashion industry, working with major brands including Abercrombie, Hollister, and Victoria's Secret Pink.
COMPLEX SHOP: Shop the brands you love, anytime and anywhere. Uncover what's next. Buy. Collect. Obsess.
#kardashian
As reported by Women's Wear Daily, the company announced on Monday (Aug. 24) that longtime creative director Kim Schraub has been promoted to chief brand officer and Magee has been hired as chief design officer. Schraub has been working for Skims, which was co-founded by Kim Kardashian and Jens Grede in 2019, before it officially launched. She previously led product, packaging, and campaigns, but now she'll handle the brand across retail, campaigns, collaborations, and storytelling.
"Kim has been with us since before Skims existed. She helped turn an idea into a brand that people genuinely love," said Kardashian. "Her creative instincts have helped shape everything about how Skims shows up in the world, and this promotion is a reflection of the enormous impact she has had, and the trust Jens and I have in her vision. I can't wait to see where she takes us next."
Grede added that Schraub is "one of the most talented creatives" he's worked with, and that the promotion is "the natural evolution of the creative leadership she has always provided." She's got over 25 years of experience in the fashion industry, working with major brands including Abercrombie, Hollister, and Victoria's Secret Pink.
COMPLEX SHOP: Shop the brands you love, anytime and anywhere. Uncover what's next. Buy. Collect. Obsess.
#kardashian
4 days ago
Every day from now until the start of the season, Land-Grant Holy Land is highlighting Ohio State football players that you should be watching this season. Check out all of our "Player to Watch" articles to get ready for the season opener against Ball State.
The Buckeyes' transfer portal class this year was note-worthy, filled with veteran experience and players intended to meet an immediate need. But amidst the hullabaloo, they also made a quieter addition, snagging cornerback Dominick Kelly from Georgia.
Don't be fooled by the lack of buzz: While Kelly might not have the same proven production as his peers, he's no less intriguing. In fact, if his upside ends up being as high as it looks, Kelly could very well end up being the biggest steal in this year's portal class, becoming an enormous impact player for Ohio State in the long run.
As far as experience goes, Kelly has relatively little at the collegiate level. He appeared in 10 games for the Bulldogs last season as a reserve cornerback, logging three tackles and three pass breakups while allowing three catches for 73 yards and a touchdown.
It might not seem like much, but the fact that Kelly has any experience at all speaks to his potential. Elite programs like Georgia aren't in the habit of handing snaps to freshmen cornerbacks, so his 61 defensive snaps (according to Pro Football Focus) indicate the trust Kirby Smart and his staff had in Kelly.
#three
The Buckeyes' transfer portal class this year was note-worthy, filled with veteran experience and players intended to meet an immediate need. But amidst the hullabaloo, they also made a quieter addition, snagging cornerback Dominick Kelly from Georgia.
Don't be fooled by the lack of buzz: While Kelly might not have the same proven production as his peers, he's no less intriguing. In fact, if his upside ends up being as high as it looks, Kelly could very well end up being the biggest steal in this year's portal class, becoming an enormous impact player for Ohio State in the long run.
As far as experience goes, Kelly has relatively little at the collegiate level. He appeared in 10 games for the Bulldogs last season as a reserve cornerback, logging three tackles and three pass breakups while allowing three catches for 73 yards and a touchdown.
It might not seem like much, but the fact that Kelly has any experience at all speaks to his potential. Elite programs like Georgia aren't in the habit of handing snaps to freshmen cornerbacks, so his 61 defensive snaps (according to Pro Football Focus) indicate the trust Kirby Smart and his staff had in Kelly.
#three
4 days ago
Even the happiest of couples can feel the strain of a big move, so Prince Harry and Meghan Markle are putting in the work to ensure their eight-year marriage "survives" after relocating their home base from California to England, says a source.
"They're very aware that this is going to be challenging — it's an enormous upheaval," the source tells Star. "But they're being proactive and talking about what can be done to make sure the stress of this all doesn't tear them apart."
As Star previously reported, the Spare author, 41, and the As Ever founder, 45, escaped the U.K. in 2020 amid tensions with the royal family, however they recently moved back, enrolling children Prince Archie, 7, and Princess Lilibet, 5, in school for the fall.
Fellow Montecito, Calif., transplant Ellen DeGeneres even helped the Sussexes find a new home, Star has learned.
In the wake of their migration, "Harry and Meghan agreed that they need to schedule date nights so that they will have private time to reconnect," the source notes. "They're both going to be extremely busy, which means it really does need to go in the calendar or it simply won't happen."
#harry
"They're very aware that this is going to be challenging — it's an enormous upheaval," the source tells Star. "But they're being proactive and talking about what can be done to make sure the stress of this all doesn't tear them apart."
As Star previously reported, the Spare author, 41, and the As Ever founder, 45, escaped the U.K. in 2020 amid tensions with the royal family, however they recently moved back, enrolling children Prince Archie, 7, and Princess Lilibet, 5, in school for the fall.
Fellow Montecito, Calif., transplant Ellen DeGeneres even helped the Sussexes find a new home, Star has learned.
In the wake of their migration, "Harry and Meghan agreed that they need to schedule date nights so that they will have private time to reconnect," the source notes. "They're both going to be extremely busy, which means it really does need to go in the calendar or it simply won't happen."
#harry
4 days ago
Colston Loveland arrived in Chicago as a first-round pick and finished his rookie season as the TE15 in points per game. That number sits well below where the fantasy community is now drafting him. His price has climbed to the 4/5 turn this summer. Should fantasy managers pay up for Loveland in 2026?
The surface stats do not tell the full story here, and the gap between the two is enormous.
Loveland spent the first half of his rookie season inexplicably trapped behind Cole Kmet. It was not until Week 16 that he consistently played more than 80% of the snaps. Unsurprisingly, that is right around when he started to break out.
START PREPARING: PFN's FREE Fantasy Draft Simulator
His final line reads as unremarkable. Loveland finished as the TE15 in fantasy points per game at 10.3, which is your quintessential replacement-level tight end. That is the number people will see when they look him up.
#first
The surface stats do not tell the full story here, and the gap between the two is enormous.
Loveland spent the first half of his rookie season inexplicably trapped behind Cole Kmet. It was not until Week 16 that he consistently played more than 80% of the snaps. Unsurprisingly, that is right around when he started to break out.
START PREPARING: PFN's FREE Fantasy Draft Simulator
His final line reads as unremarkable. Loveland finished as the TE15 in fantasy points per game at 10.3, which is your quintessential replacement-level tight end. That is the number people will see when they look him up.
#first
5 days ago
On August 21, 2026, Bloomberg reported that Walmart Inc. (NASDAQ:WMT) will accept Apple Pay and Google Pay across all its U.S. stores and Sam's Club locations by the end of 2026, ending a years-long holdout. The rollout begins August 24 at select locations, with fuel stations gaining the capability by mid-2027.
Walmart had previously relied on its own proprietary Walmart Pay system, preferring QR-code technology that gave it more control over transaction data, rather than supporting near-field communication wallets like Apple Inc. (NASDAQ:AAPL)'s Apple Pay. Customers will be able to tap contactless cards, phones, or smartwatches at checkout and add Walmart, Sam's Club, or OnePay cards to their digital wallets.
For Apple Inc. (NASDAQ:AAPL), this closes one of the last major gaps in Apple Pay's retail coverage. More than 90% of U.S. retailers already accept Apple Pay, and the service holds roughly 92% market share among U.S. mobile wallets, according to Capital One data. Adding the nation's largest retailer removes one of the most visible remaining holdouts. It reinforces Apple Pay's position as the default mobile wallet at checkout.
Apple Pay's user base gives this rollout real reach from day one: Capital One estimates Apple Pay usership is on pace to grow from 70 million to more than 84 million users over the next four years. Walmart Inc. (NASDAQ:WMT)'s enormous foot traffic with an existing and growing user base gives Apple immediate transaction volume without needing to win over new wallet users.
Walmart is fixing something that annoyed shoppers, but they aren't giving up on their own payment tools. Walmart wants customers to have a choice in how they pay, and Tap to Pay adds to, rather than replaces, cash, credit cards, and Walmart Pay. Reducing checkout friction and consumer complaints matters more now that agentic and NFC payments have become standard shopping behavior.
#cards #aapl
Walmart had previously relied on its own proprietary Walmart Pay system, preferring QR-code technology that gave it more control over transaction data, rather than supporting near-field communication wallets like Apple Inc. (NASDAQ:AAPL)'s Apple Pay. Customers will be able to tap contactless cards, phones, or smartwatches at checkout and add Walmart, Sam's Club, or OnePay cards to their digital wallets.
For Apple Inc. (NASDAQ:AAPL), this closes one of the last major gaps in Apple Pay's retail coverage. More than 90% of U.S. retailers already accept Apple Pay, and the service holds roughly 92% market share among U.S. mobile wallets, according to Capital One data. Adding the nation's largest retailer removes one of the most visible remaining holdouts. It reinforces Apple Pay's position as the default mobile wallet at checkout.
Apple Pay's user base gives this rollout real reach from day one: Capital One estimates Apple Pay usership is on pace to grow from 70 million to more than 84 million users over the next four years. Walmart Inc. (NASDAQ:WMT)'s enormous foot traffic with an existing and growing user base gives Apple immediate transaction volume without needing to win over new wallet users.
Walmart is fixing something that annoyed shoppers, but they aren't giving up on their own payment tools. Walmart wants customers to have a choice in how they pay, and Tap to Pay adds to, rather than replaces, cash, credit cards, and Walmart Pay. Reducing checkout friction and consumer complaints matters more now that agentic and NFC payments have become standard shopping behavior.
#cards #aapl
5 days ago
Arsenal are continuing to monitor the Julian Alvarez situation closely, with events in Madrid gathering pace and potentially creating one of the biggest late twists of the transfer window. Credit to the Daily Mail, which first detailed the latest developments, the picture emerging around Atletico Madrid's forward is becoming increasingly combustible.
Alvarez missed training for a second consecutive day because of what has been described as an illness, and while there is no suggestion from Atletico that the absence is transfer-related, the timing has naturally sharpened attention. **** nal have held a long-term interest in the Argentina international, and people close to the process are understood to have done extensive groundwork on whether he would be the right fit for Mikel Arteta's squad.
That piece of internal work appears to have been substantial. According to the report, **** nal staff had already been tasked with gathering data on Alvarez, including his injury history, physical metrics and on-pitch output. The conclusion was said to be decisive, he matches the profile **** nal want and Arteta is keen.
This is why the latest developments matter. **** nal are not chasing a random market opportunity. They have already done the evaluation, they know the player, and they know the cost would be enormous. If a genuine opening appears, they are in a position to move with conviction.
Atletico's stance has been hard-line for much of the summer, yet the situation has become harder to contain. Alvarez, who joined from Manchester City in 2024 for £81 million, has scored 49 goals in 107 matches for the Spanish club, a return that underlines why Atletico have tried to shut down the noise around his future.
#transfer #latest #done
Alvarez missed training for a second consecutive day because of what has been described as an illness, and while there is no suggestion from Atletico that the absence is transfer-related, the timing has naturally sharpened attention. **** nal have held a long-term interest in the Argentina international, and people close to the process are understood to have done extensive groundwork on whether he would be the right fit for Mikel Arteta's squad.
That piece of internal work appears to have been substantial. According to the report, **** nal staff had already been tasked with gathering data on Alvarez, including his injury history, physical metrics and on-pitch output. The conclusion was said to be decisive, he matches the profile **** nal want and Arteta is keen.
This is why the latest developments matter. **** nal are not chasing a random market opportunity. They have already done the evaluation, they know the player, and they know the cost would be enormous. If a genuine opening appears, they are in a position to move with conviction.
Atletico's stance has been hard-line for much of the summer, yet the situation has become harder to contain. Alvarez, who joined from Manchester City in 2024 for £81 million, has scored 49 goals in 107 matches for the Spanish club, a return that underlines why Atletico have tried to shut down the noise around his future.
#transfer #latest #done
5 days ago
KAMPALA, Aug 28 (Reuters) - Oyo Nyimba, a Ugandan king, who became the world's youngest reigning monarch when he took the crown in 1995, has died aged 34, the prime minister of his kingdom announced.
Uganda is a republic, ruled by an elected head of state, but it has several traditional monarchies that still preside over their kingdoms as they were constituted in the pre-colonial period. Their political power is largely symbolic, but they wield enormous cultural and social influence.
Oyo Nyimba Kabamba Iguru Rukidi IV was the King of Tooro, a small kingdom in Uganda's west near the border with the Democratic Republic of Congo.
"It is with profound sadness and a heavy heart that I announce the passing of His Majesty the Omukama of Tooro, King Oyo Nyimba Kabamba Iguru Rukidi IV," the prime minister of the kingdom, Calvin Armstrong Rwomiire Akiiki, said in a post on X late on Thursday.
The king died at around 10:00 p.m. local time on Thursday, Akiiki said, without revealing the cause of his death.
#nyimba
Uganda is a republic, ruled by an elected head of state, but it has several traditional monarchies that still preside over their kingdoms as they were constituted in the pre-colonial period. Their political power is largely symbolic, but they wield enormous cultural and social influence.
Oyo Nyimba Kabamba Iguru Rukidi IV was the King of Tooro, a small kingdom in Uganda's west near the border with the Democratic Republic of Congo.
"It is with profound sadness and a heavy heart that I announce the passing of His Majesty the Omukama of Tooro, King Oyo Nyimba Kabamba Iguru Rukidi IV," the prime minister of the kingdom, Calvin Armstrong Rwomiire Akiiki, said in a post on X late on Thursday.
The king died at around 10:00 p.m. local time on Thursday, Akiiki said, without revealing the cause of his death.
#nyimba
5 days ago
Nvidia (NVDA) still stands strong as the dominant force in AI computing. However, Advanced Micro Devices (AMD) is building something that could provide another option to the industry's biggest AI companies. The idea of an "escape hatch" from Nvidia doesn't necessarily imply AMD needs to replace Nvidia. But if it can become a credible second source of AI computing for companies building enormous AI infrastructure, the opportunity for AMD stock could be much larger than simply selling more chips.
AMD stock has climbed 125.5% year-to-date (YTD), outperforming both the broader market and the tech-heavy Nasdaq Composite ($NASX). Yet, Wall Street expects AMD stock to more than double from here. Let's examine the ways in which AMD plans to do it.
Walmart Stock Is More Expensive Than Nvidia Amid Earnings Miss
SpaceX Stock Just Crashed Below Its IPO Price: Here's the Bull Case ******* ody Can Ignore
A Major Bitcoin Short Squeeze Is Taking MicroStrategy Stock Higher. What Comes Next.
#Stock #NVIDIA #computing #advanced
AMD stock has climbed 125.5% year-to-date (YTD), outperforming both the broader market and the tech-heavy Nasdaq Composite ($NASX). Yet, Wall Street expects AMD stock to more than double from here. Let's examine the ways in which AMD plans to do it.
Walmart Stock Is More Expensive Than Nvidia Amid Earnings Miss
SpaceX Stock Just Crashed Below Its IPO Price: Here's the Bull Case ******* ody Can Ignore
A Major Bitcoin Short Squeeze Is Taking MicroStrategy Stock Higher. What Comes Next.
#Stock #NVIDIA #computing #advanced
6 days ago
Joby Aviation (NYSE: JOBY) is in the business of making flying taxis. It's not the kind of taxi most people would have in mind -- a white or yellow cab -- but rather a small electric aircraft that takes off vertically like a helicopter and flies forward like a plane. This is called an electric vertical takeoff and landing (eVTOL) craft, and one day, you might take one to an airport to save time.
The core value proposition of air taxis is, indeed, saving time, which could resonate strongly in areas where congested urban traffic devours a large portion of it. With increased urbanization, the total addressable market for urban air mobility (which includes eVTOLs) could be enormous. Morgan Stanley, for example, projects the global urban mobility market to reach $1 trillion by 2040 and $9 trillion by 2050. That's the base case, too, not the bullish one.
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 »
As the frontrunner of the eVTOL market in the U.S., Joby seems like a once-in-a-decade opportunity -- if you follow Morgan Stanley's predictions. The potential could be enormous, but how likely is it that Joby will turn this air-taxi vision into a real, thriving business?
There's compelling evidence right now that Joby can make a business from its vision. Perhaps the most persuasive is the dominant lead it has taken in the race to commercialize its eVTOL aircraft in the U.S.
#business #like #urban
The core value proposition of air taxis is, indeed, saving time, which could resonate strongly in areas where congested urban traffic devours a large portion of it. With increased urbanization, the total addressable market for urban air mobility (which includes eVTOLs) could be enormous. Morgan Stanley, for example, projects the global urban mobility market to reach $1 trillion by 2040 and $9 trillion by 2050. That's the base case, too, not the bullish one.
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 »
As the frontrunner of the eVTOL market in the U.S., Joby seems like a once-in-a-decade opportunity -- if you follow Morgan Stanley's predictions. The potential could be enormous, but how likely is it that Joby will turn this air-taxi vision into a real, thriving business?
There's compelling evidence right now that Joby can make a business from its vision. Perhaps the most persuasive is the dominant lead it has taken in the race to commercialize its eVTOL aircraft in the U.S.
#business #like #urban
6 days ago
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With roughly $85 trillion in aggregate ******* ets, baby boomers are widely considered to be the wealthiest generation in history, according to the Washington Post (1). But this enormous fortune is far from evenly distributed and millions of boomers are facing a precarious retirement.
In fact, the median net worth for households led by someone between the ages of 65 and 74 was just $409,900, according to Fidelity's ******* ysis (2) of the latest Federal Reserve Survey of Consumer Finances. In other words, nearly half of all boomers are not even halfway to the seven-figure club.
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
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold
#according #washington #reserve
With roughly $85 trillion in aggregate ******* ets, baby boomers are widely considered to be the wealthiest generation in history, according to the Washington Post (1). But this enormous fortune is far from evenly distributed and millions of boomers are facing a precarious retirement.
In fact, the median net worth for households led by someone between the ages of 65 and 74 was just $409,900, according to Fidelity's ******* ysis (2) of the latest Federal Reserve Survey of Consumer Finances. In other words, nearly half of all boomers are not even halfway to the seven-figure club.
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
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold
#according #washington #reserve
6 days ago
For years, Alibaba (NYSE: BABA) was synonymous with Chinese e-commerce.
Its Taobao and Tmall operations were the crown jewels of its tech empire. The cloud was a promising side business. And investors largely viewed the company through the lens of China's consumer economy.
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 »
That's no longer the case. Alibaba's fiscal 2027 first quarter, which ended June 30, offers perhaps the clearest evidence yet that the company is changing. Its artificial intelligence (AI) and cloud businesses are growing at a dramatically faster pace than its traditional e-commerce operations, while management is pouring enormous amounts of capital into building an AI ecosystem.
Alibaba is still an e-commerce company. But increasingly, it is becoming something else.
#cloud #first
Its Taobao and Tmall operations were the crown jewels of its tech empire. The cloud was a promising side business. And investors largely viewed the company through the lens of China's consumer economy.
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 »
That's no longer the case. Alibaba's fiscal 2027 first quarter, which ended June 30, offers perhaps the clearest evidence yet that the company is changing. Its artificial intelligence (AI) and cloud businesses are growing at a dramatically faster pace than its traditional e-commerce operations, while management is pouring enormous amounts of capital into building an AI ecosystem.
Alibaba is still an e-commerce company. But increasingly, it is becoming something else.
#cloud #first
7 days ago
Meta Platforms and state attorneys general have held talks about a potential settlement before the trial concludes, in a lawsuit that accuses the company of intentionally building Facebook and Instagram in ways meant to hook teenagers, according to Bloomberg.
Entering its second week in federal court in Oakland, California, the trial pits the attorneys general of 29 states against the company, with those officials seeking both monetary penalties and court-ordered changes to how Meta runs its platforms. People familiar with the settlement discussions asked not to be identified due to their sensitivity, according to Bloomberg.
A spokesperson for Meta had no immediate comment. A representative of the California attorney general's office declined to comment, and representatives of the other three states leading the case — Colorado, Kentucky, and New Jersey — did not immediately respond to requests for comment.
Meta's internal estimates place the maximum penalty exposure from an adverse verdict at roughly $1.4 trillion, a figure approaching the company's total market capitalization. A settlement would likely amount to a far smaller sum.
At the heart of the states' case are claimed breaches of both state consumer protection statutes and the federal Children's Online Privacy Protection Act, laws whose per-violation fines can compound into enormous totals given the scale of Meta's underage user base. The four lead states — California, Colorado, Kentucky, and New Jersey — are also pressing additional consumer protection claims under their individual state laws, while all 29 states are pursuing federal claims tied to alleged data collection of minors without parental consent.
#meta #settlement #bloomberg #Colorado
Entering its second week in federal court in Oakland, California, the trial pits the attorneys general of 29 states against the company, with those officials seeking both monetary penalties and court-ordered changes to how Meta runs its platforms. People familiar with the settlement discussions asked not to be identified due to their sensitivity, according to Bloomberg.
A spokesperson for Meta had no immediate comment. A representative of the California attorney general's office declined to comment, and representatives of the other three states leading the case — Colorado, Kentucky, and New Jersey — did not immediately respond to requests for comment.
Meta's internal estimates place the maximum penalty exposure from an adverse verdict at roughly $1.4 trillion, a figure approaching the company's total market capitalization. A settlement would likely amount to a far smaller sum.
At the heart of the states' case are claimed breaches of both state consumer protection statutes and the federal Children's Online Privacy Protection Act, laws whose per-violation fines can compound into enormous totals given the scale of Meta's underage user base. The four lead states — California, Colorado, Kentucky, and New Jersey — are also pressing additional consumer protection claims under their individual state laws, while all 29 states are pursuing federal claims tied to alleged data collection of minors without parental consent.
#meta #settlement #bloomberg #Colorado
7 days ago
Sarah Jessica Parker is nothing short of a New York icon with her former West Village apartment perfectly capturing the essence of a glamorous life in the Big Apple.
However, for several years, the **** and the City star, 61, has been expanding the home she shares with Ferris Bueller star husband Matthew Broderick, 64, in a major way.
Sarah Jessica Parker and Matthew Broderick live together in New York (@ Getty Images)
Architectural Digest reported that in 2016 the A-list couple purchased a pair of townhouses in the West Village for a staggering $34.5 million with the plan to combine the properties into a mega mansion.
At the time of purchase, the enormous combined **** e, which as of writing is either reportedly still under construction or in its final stages, was thought to cover 13,900 feet upon completion – that's about as big as three NBA regulation basketball courts, for scale.
#sarah #village
However, for several years, the **** and the City star, 61, has been expanding the home she shares with Ferris Bueller star husband Matthew Broderick, 64, in a major way.
Sarah Jessica Parker and Matthew Broderick live together in New York (@ Getty Images)
Architectural Digest reported that in 2016 the A-list couple purchased a pair of townhouses in the West Village for a staggering $34.5 million with the plan to combine the properties into a mega mansion.
At the time of purchase, the enormous combined **** e, which as of writing is either reportedly still under construction or in its final stages, was thought to cover 13,900 feet upon completion – that's about as big as three NBA regulation basketball courts, for scale.
#sarah #village
7 days ago
Luke Evans is remembering Tim Curry with a letter he wrote before the actor's death. Evans recently played Dr. Frank-N-Furter, the role Curry made famous in The Rocky Horror Show. Curry died at his Los Angeles home on Aug. 25 at age 80. Evans shared the letter on Instagram.
Evans played Frank-N-Furter in the 2026 Broadway revival of The Rocky Horror Show at Studio 54. His run lasted from March through August and earned him a Tony nomination. Evans stated that Curry was a part of his journey throughout the production. He called Curry "a force, a bright fierce flame" and an inspiration to many.
In the letter, Evans said he wrote to Curry three weeks before his run ended. He said every actor who plays Frank enters a conversation that started with Curry. Evans called those comparisons one of the greatest compliments he could receive. Still, he said **** ody could live up to Curry's original performance.
Evans also said he never wanted to copy Curry's work. He hoped to honor the character while finding his own way through the role. "There is, and always will be, only one Tim Curry," Evans wrote. He thanked Curry for his fearless performance and for inspiring actors to become braver.
The actor ended his letter with a personal message about his final weeks as Frank. Evans said he had three weeks left before he would "hang up the fishnets and heels." He then hoped Curry would approve of "one more Frank having the time of his life in those heels." Evans signed the letter with "enormous admiration."
#evans #curry #horror #show
Evans played Frank-N-Furter in the 2026 Broadway revival of The Rocky Horror Show at Studio 54. His run lasted from March through August and earned him a Tony nomination. Evans stated that Curry was a part of his journey throughout the production. He called Curry "a force, a bright fierce flame" and an inspiration to many.
In the letter, Evans said he wrote to Curry three weeks before his run ended. He said every actor who plays Frank enters a conversation that started with Curry. Evans called those comparisons one of the greatest compliments he could receive. Still, he said **** ody could live up to Curry's original performance.
Evans also said he never wanted to copy Curry's work. He hoped to honor the character while finding his own way through the role. "There is, and always will be, only one Tim Curry," Evans wrote. He thanked Curry for his fearless performance and for inspiring actors to become braver.
The actor ended his letter with a personal message about his final weeks as Frank. Evans said he had three weeks left before he would "hang up the fishnets and heels." He then hoped Curry would approve of "one more Frank having the time of his life in those heels." Evans signed the letter with "enormous admiration."
#evans #curry #horror #show
7 days ago
Meta Platforms and state attorneys general have held talks about a potential settlement before the trial concludes, in a lawsuit that accuses the company of intentionally building Facebook and Instagram in ways meant to hook teenagers, according to Bloomberg.
Entering its second week in federal court in Oakland, California, the trial pits the attorneys general of 29 states against the company, with those officials seeking both monetary penalties and court-ordered changes to how Meta runs its platforms. People familiar with the settlement discussions asked not to be identified due to their sensitivity, according to Bloomberg.
A spokesperson for Meta had no immediate comment. A representative of the California attorney general's office declined to comment, and representatives of the other three states leading the case — Colorado, Kentucky, and New Jersey — did not immediately respond to requests for comment.
Meta's internal estimates place the maximum penalty exposure from an adverse verdict at roughly $1.4 trillion, a figure approaching the company's total market capitalization. A settlement would likely amount to a far smaller sum.
At the heart of the states' case are claimed breaches of both state consumer protection statutes and the federal Children's Online Privacy Protection Act, laws whose per-violation fines can compound into enormous totals given the scale of Meta's underage user base. The four lead states — California, Colorado, Kentucky, and New Jersey — are also pressing additional consumer protection claims under their individual state laws, while all 29 states are pursuing federal claims tied to alleged data collection of minors without parental consent.
#states #protection #settlement #comment
Entering its second week in federal court in Oakland, California, the trial pits the attorneys general of 29 states against the company, with those officials seeking both monetary penalties and court-ordered changes to how Meta runs its platforms. People familiar with the settlement discussions asked not to be identified due to their sensitivity, according to Bloomberg.
A spokesperson for Meta had no immediate comment. A representative of the California attorney general's office declined to comment, and representatives of the other three states leading the case — Colorado, Kentucky, and New Jersey — did not immediately respond to requests for comment.
Meta's internal estimates place the maximum penalty exposure from an adverse verdict at roughly $1.4 trillion, a figure approaching the company's total market capitalization. A settlement would likely amount to a far smaller sum.
At the heart of the states' case are claimed breaches of both state consumer protection statutes and the federal Children's Online Privacy Protection Act, laws whose per-violation fines can compound into enormous totals given the scale of Meta's underage user base. The four lead states — California, Colorado, Kentucky, and New Jersey — are also pressing additional consumer protection claims under their individual state laws, while all 29 states are pursuing federal claims tied to alleged data collection of minors without parental consent.
#states #protection #settlement #comment
7 days ago
Bondholders allege EchoStar drained over $1.5 billion from Hughes through dividends, above-market leases, and tax payments before Hughes filed Chapter 11.
EchoStar's $20 billion **** eX spectrum deal, including up to $11 billion in **** eX stock, sits at the center of creditors' **** et-stripping claims.
EchoStar avoids debtor status in Hughes' bankruptcy, but a court-appointed examiner finding improper transfers could trigger recoveries exceeding $1.5 billion.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and EchoStar didn't make the cut. Grab the names FREE today.
The telecom industry's great balance-sheet reshuffling has entered a new phase. EchoStar (NASDAQ:SATS) has sold more than $40 billion of spectrum to buyers including AT&T (NYSE:T) and **** eX (NASDAQ:SPCX), transforming a company once weighed down by enormous capital requirements into one with a valuable **** eX stake and greater liquidity.
#billion #bondholders
EchoStar's $20 billion **** eX spectrum deal, including up to $11 billion in **** eX stock, sits at the center of creditors' **** et-stripping claims.
EchoStar avoids debtor status in Hughes' bankruptcy, but a court-appointed examiner finding improper transfers could trigger recoveries exceeding $1.5 billion.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and EchoStar didn't make the cut. Grab the names FREE today.
The telecom industry's great balance-sheet reshuffling has entered a new phase. EchoStar (NASDAQ:SATS) has sold more than $40 billion of spectrum to buyers including AT&T (NYSE:T) and **** eX (NASDAQ:SPCX), transforming a company once weighed down by enormous capital requirements into one with a valuable **** eX stake and greater liquidity.
#billion #bondholders
7 days ago
After six decades at the helm, Warren Buffett handed the reins of Berkshire Hathaway to longtime lieutenant Greg Abel at the end of last year. But for the Oracle of Omaha, stepping down as CEO apparently doesn't mean sitting on the sidelines, especially when it comes to deciding where Berkshire puts its money.
Buffett, who remains Berkshire's chairman, still appears to have considerable influence over the conglomerate's roughly $300 billion U.S. stock portfolio. That influence is particularly notable now, as Berkshire begins putting some of its enormous cash pile back to work.
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
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#buffett
Buffett, who remains Berkshire's chairman, still appears to have considerable influence over the conglomerate's roughly $300 billion U.S. stock portfolio. That influence is particularly notable now, as Berkshire begins putting some of its enormous cash pile back to work.
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
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#buffett
7 days ago
I bought Duolingo (NASDAQ: DUOL) stock shortly after it fell to its 52-week low of $90.03 in April, which marked a staggering 83% decline from last year's record high of $540.68. It has since recovered to around $146.84 as of the market close on Monday, Aug. 24, and while I am very bullish on its prospects from here, Wall Street isn't convinced.
The 27 **** ysts covering the stock tracked by The Wall Street Journal have put an average price target of $127.07 on it, which suggests the stock could decline by around 13% over the next 12 months. Duolingo operates the world's largest digital language education platform, and Wall Street is concerned about management's plan to focus on user growth at the expense of monetization over the next couple of years, which could hurt the company's financial performance.
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 »
However, if the strategy pays off, Duolingo's business could be in the strongest position in its history sometime around 2028. Here's why I plan to stick around to reap the potential rewards.
Duolingo designed a highly interactive mobile app that places fun language lessons at the fingertips of anybody with a smartphone. It had 58.7 million daily active users at the conclusion of the second quarter, a 23% increase from the year-ago period. Surprisingly, the company spends very little money on marketing, but it has an enormous social media following thanks to its quirky content, which generates roughly 1 billion impressions per quarter.
#wall #signal #flashing #next
The 27 **** ysts covering the stock tracked by The Wall Street Journal have put an average price target of $127.07 on it, which suggests the stock could decline by around 13% over the next 12 months. Duolingo operates the world's largest digital language education platform, and Wall Street is concerned about management's plan to focus on user growth at the expense of monetization over the next couple of years, which could hurt the company's financial performance.
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 »
However, if the strategy pays off, Duolingo's business could be in the strongest position in its history sometime around 2028. Here's why I plan to stick around to reap the potential rewards.
Duolingo designed a highly interactive mobile app that places fun language lessons at the fingertips of anybody with a smartphone. It had 58.7 million daily active users at the conclusion of the second quarter, a 23% increase from the year-ago period. Surprisingly, the company spends very little money on marketing, but it has an enormous social media following thanks to its quirky content, which generates roughly 1 billion impressions per quarter.
#wall #signal #flashing #next
7 days ago
The freight market has seen a brutal downturn, with an astounding 85% failure rate for new carriers in the past three years. Kirk Mann, EVP & GM of Transportation and Vendor Solutions at Mitsubishi HC Capital America, dives into why this cycle was the longest, the impact of over-financed ****** ets, and what it means for the future of freight demand and equipment financing. Learn how lenders navigate this volatile landscape and what's next for carrier growth.
The average three-year failure rate for motor carriers with fewer than two years of operating experience and their own ICC authority hit 85% during the prolonged freight downturn, according to Kirk Mann, EVP & GM of Transportation and Vendor Solutions at Mitsubishi HC Capital. Mann shared the figure in a FreightWaves interview, offering one of the starkest measures yet of how the roughly three-and-a-half-year downturn devastated the smallest participants in the for-hire trucking market.
The elevated failure rate traces directly to the equipment bubble that inflated during 2021 and 2022. Mann recalled a conversation with his chief risk officer in which they discussed a four-year-old Freightliner Cascadia with fewer than 500,000 miles — an ****** et the risk officer valued at roughly $45,000 but that the company was financing at $100,000 to $110,000. FreightWaves data showed pre-COVID prices on five-year-old equipment running around $34,000, climbing to as high as $120,000 at the peak. Carriers that entered the business buying equipment at those inflated values were immediately underwater when rates collapsed.
"I remember we were way bubble. It was an ****** et bubble of enormous proportions," Mann said.
When defaults mounted, Mitsubishi HC Capital leaned on workout tools rather than immediate repossession. Mann said the company restructured approximately 75% of its loans during its 2020 customer ****** istance program launched at the onset of COVID-19, and that 95% of those borrowers resumed payments within 90 days. Even so, the lender accumulated repossessed inventory it held "for quite a long time" before conditions improved enough to move units through dealer networks, auctions, and internal sales channels.
#freight
The average three-year failure rate for motor carriers with fewer than two years of operating experience and their own ICC authority hit 85% during the prolonged freight downturn, according to Kirk Mann, EVP & GM of Transportation and Vendor Solutions at Mitsubishi HC Capital. Mann shared the figure in a FreightWaves interview, offering one of the starkest measures yet of how the roughly three-and-a-half-year downturn devastated the smallest participants in the for-hire trucking market.
The elevated failure rate traces directly to the equipment bubble that inflated during 2021 and 2022. Mann recalled a conversation with his chief risk officer in which they discussed a four-year-old Freightliner Cascadia with fewer than 500,000 miles — an ****** et the risk officer valued at roughly $45,000 but that the company was financing at $100,000 to $110,000. FreightWaves data showed pre-COVID prices on five-year-old equipment running around $34,000, climbing to as high as $120,000 at the peak. Carriers that entered the business buying equipment at those inflated values were immediately underwater when rates collapsed.
"I remember we were way bubble. It was an ****** et bubble of enormous proportions," Mann said.
When defaults mounted, Mitsubishi HC Capital leaned on workout tools rather than immediate repossession. Mann said the company restructured approximately 75% of its loans during its 2020 customer ****** istance program launched at the onset of COVID-19, and that 95% of those borrowers resumed payments within 90 days. Even so, the lender accumulated repossessed inventory it held "for quite a long time" before conditions improved enough to move units through dealer networks, auctions, and internal sales channels.
#freight
7 days ago
When ****** sing the leaders of the artificial intelligence (AI) boom, Nvidia Corporation (NVDA) continues to be the most challenging stock for investors to bet against. Wolfe Research, an independent equity research firm, has reinforced this view by selecting Nvidia as its top AI semiconductor pick ahead of the company's upcoming earnings report.
Analyst Chris Caso remains "broadly bullish" on AI semiconductor stocks, particularly as major technology companies continue to commit enormous amounts of capital to AI infrastructure. The firm said the broader AI semiconductor backdrop remains strong, pointing to upward revisions in capital expenditure and supportive supply-chain data as signs that spending on AI infrastructure is still accelerating.
IonQ vs. Rigetti: The Better Quantum Computing Stock for Long-Term Investors
Stocks Set to Open Lower as Chipmakers Get Hit, Nvidia Earnings and Warsh's Jackson Hole Speech Awaited
Fabrinet Just Lost Billions in Market Value Due to Nvidia. Here's Why the Reaction Is Overdone.
#semiconductor #Research #stocks
Analyst Chris Caso remains "broadly bullish" on AI semiconductor stocks, particularly as major technology companies continue to commit enormous amounts of capital to AI infrastructure. The firm said the broader AI semiconductor backdrop remains strong, pointing to upward revisions in capital expenditure and supportive supply-chain data as signs that spending on AI infrastructure is still accelerating.
IonQ vs. Rigetti: The Better Quantum Computing Stock for Long-Term Investors
Stocks Set to Open Lower as Chipmakers Get Hit, Nvidia Earnings and Warsh's Jackson Hole Speech Awaited
Fabrinet Just Lost Billions in Market Value Due to Nvidia. Here's Why the Reaction Is Overdone.
#semiconductor #Research #stocks
8 days ago
Mexico's state oil firm Pemex and Brazil's national oil company Petrobras are joining efforts and expertise to drill prospects in Mexican waters in the Gulf of Mexico, hoping to unlock huge oil resources from source rock formations that are miles deeper and eight times older than the currently producing formations in the U.S. Gulf.
Exploration in the Jurassic formations deep under the Mexican Gulf seabed in the Campeche Bay carries high risks, but the reward in case of a discovery could be enormous, geologists and ******* ysts tell Bloomberg.
Back in 2018, Pemex drilled more than 7,800 meters (25,600 feet) below the sea floor and penetrated the Campeche salt layer in an exploratory well that was declared unproductive. The Mexican oil giant hasn't ventured new exploratory wells in the area since then, but industry experts believe that Pemex may have found something of great geological and/or hydrocarbon-bearing potential, which has prompted it to pursue exploration further.
Pemex hasn't shared publicly any results of its 2018 drilling campaign offshore Campeche, but ******* ysts say there is a reason why the Mexican oil giant hasn't abandoned efforts to find huge resources and turn around years of declining domestic oil production from legacy wells.
Related: America's Next Strategic Partner Is Hiding in Plain Sight
#mexican #formations #efforts
Exploration in the Jurassic formations deep under the Mexican Gulf seabed in the Campeche Bay carries high risks, but the reward in case of a discovery could be enormous, geologists and ******* ysts tell Bloomberg.
Back in 2018, Pemex drilled more than 7,800 meters (25,600 feet) below the sea floor and penetrated the Campeche salt layer in an exploratory well that was declared unproductive. The Mexican oil giant hasn't ventured new exploratory wells in the area since then, but industry experts believe that Pemex may have found something of great geological and/or hydrocarbon-bearing potential, which has prompted it to pursue exploration further.
Pemex hasn't shared publicly any results of its 2018 drilling campaign offshore Campeche, but ******* ysts say there is a reason why the Mexican oil giant hasn't abandoned efforts to find huge resources and turn around years of declining domestic oil production from legacy wells.
Related: America's Next Strategic Partner Is Hiding in Plain Sight
#mexican #formations #efforts
