20 days ago
Trillion-dollar conglomerate Berkshire Hathaway (NYSE:BRKA)(NYSE:BRKB) entered 2026 in uncharted territory for the first time in more than half a century. On Dec. 31, Warren Buffett, the company's longtime CEO, who oversaw a greater-than-6,000,000% outperformance of the benchmark S&P 500 since the mid-1960s, retired as CEO. His successor, Greg Abel, is now in charge of Berkshire's $350 billion investment portfolio.
While the Oracle of Omaha had a knack for spotting amazing deals hiding in plain sight, he wasn't infallible. Decisions made in the years leading up to his retirement with No. 1 holding Apple (NASDAQ:AAPL) have cost Berkshire Hathaway up to $112 billion in would-be gains.
Missed AI's "Act 1"? Act 2 Could Be 14x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ******* ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Image source: Getty Images.
Warren Buffett began building a position in the "Apple" of his eye in the first quarter of 2016. While artificial intelligence is all the rage today, Buffett was more interested in consumers' draw to the brand when he initially invested. Apple has an exceptionally loyal customer base that's shown a willingness to pay premium prices for its physical products (iPhone, iPad, and Mac).
#warren
While the Oracle of Omaha had a knack for spotting amazing deals hiding in plain sight, he wasn't infallible. Decisions made in the years leading up to his retirement with No. 1 holding Apple (NASDAQ:AAPL) have cost Berkshire Hathaway up to $112 billion in would-be gains.
Missed AI's "Act 1"? Act 2 Could Be 14x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ******* ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Image source: Getty Images.
Warren Buffett began building a position in the "Apple" of his eye in the first quarter of 2016. While artificial intelligence is all the rage today, Buffett was more interested in consumers' draw to the brand when he initially invested. Apple has an exceptionally loyal customer base that's shown a willingness to pay premium prices for its physical products (iPhone, iPad, and Mac).
#warren
22 days ago
A family friend of Chad Lowe's late daughter, Fiona, is sharing some insight into the teen's mindset ahead of her tragic death.
Music executive Mykesha Robinson, whose daughter Faith was best friends with Fiona in elementary school, told the Daily Mail that "something happened" to the 13-year-old after the devastating fires ravaged Los Angeles' Pacific Palisades neighborhood in January 2025, killing at least 28 people and destroying more than 16,000 structures, including the Lowe family home.
"They lost everything," Robinson added.
Robinson claimed that Faith and Fiona met on the first day of school at Palisades Charter Elementary School in the Pacific Palisades, California, and quickly became "two peas in a pod," earning the nickname "FiFi" among their friends.
instagram.com/mabellowe_
#school #faith #elementary
Music executive Mykesha Robinson, whose daughter Faith was best friends with Fiona in elementary school, told the Daily Mail that "something happened" to the 13-year-old after the devastating fires ravaged Los Angeles' Pacific Palisades neighborhood in January 2025, killing at least 28 people and destroying more than 16,000 structures, including the Lowe family home.
"They lost everything," Robinson added.
Robinson claimed that Faith and Fiona met on the first day of school at Palisades Charter Elementary School in the Pacific Palisades, California, and quickly became "two peas in a pod," earning the nickname "FiFi" among their friends.
instagram.com/mabellowe_
#school #faith #elementary
25 days ago
Love may not cost a thing, but a source tells In Touch Jacob Elordi has been draining his bank account for girlfriend Kendall Jenner.
"He's the one paying for everything," reveals the source. "It's not just nice dinners and a few gifts — Jacob is chartering private jets, renting out hotel suites that cost $60K a night and buying her all sorts of extravagant jewelry."
Since sparking romance rumors this spring, the supermodel, 30, and the Euphoria alum, 29, have crisscrossed the globe together, jetting everywhere from Tokyo and Hawaii to Italy and his native Australia.
As In Touch previously reported, the couple are also "actively looking" for a new home to move into together.
Now, the source suggests Elordi intends to foot the bill for that purchase too.
#elordi #together
"He's the one paying for everything," reveals the source. "It's not just nice dinners and a few gifts — Jacob is chartering private jets, renting out hotel suites that cost $60K a night and buying her all sorts of extravagant jewelry."
Since sparking romance rumors this spring, the supermodel, 30, and the Euphoria alum, 29, have crisscrossed the globe together, jetting everywhere from Tokyo and Hawaii to Italy and his native Australia.
As In Touch previously reported, the couple are also "actively looking" for a new home to move into together.
Now, the source suggests Elordi intends to foot the bill for that purchase too.
#elordi #together
1 month ago
One of the challenges for nontraditional fintech lenders has been the expense **** ociated with lending.
Because most of them do not have bank charters, they must partner with a traditional third-party bank to fund their loans. However, they must pay a fee or provide a cut of interest income earned on every loan they make using a third party. That eats into their profits.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our **** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
A federal bank charter would allow the fintechs to take deposits, because without one, they cannot. The deposits serve as an internal funding source, as loans can be made from the deposit base. With an internal funding source, these fintechs do not have to get third-party funding for loans, which, in turn, allows them to save on fees and collect all of the interest income.
Since fintechs started popping up more frequently over the past five or six years, federal regulators have been reluctant to grant bank charters to fintechs, imposing stringent requirements. But that has changed over the past couple of years as restrictions have eased. There has been a surge in the number of fintechs applying for, and getting, bank charters.
#Fintechs #missed #interest
Because most of them do not have bank charters, they must partner with a traditional third-party bank to fund their loans. However, they must pay a fee or provide a cut of interest income earned on every loan they make using a third party. That eats into their profits.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our **** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
A federal bank charter would allow the fintechs to take deposits, because without one, they cannot. The deposits serve as an internal funding source, as loans can be made from the deposit base. With an internal funding source, these fintechs do not have to get third-party funding for loans, which, in turn, allows them to save on fees and collect all of the interest income.
Since fintechs started popping up more frequently over the past five or six years, federal regulators have been reluctant to grant bank charters to fintechs, imposing stringent requirements. But that has changed over the past couple of years as restrictions have eased. There has been a surge in the number of fintechs applying for, and getting, bank charters.
#Fintechs #missed #interest
1 month ago
Weitz Investment Management, an investment management firm, released its second-quarter Q2 2026 investor letter for the "Multi Cap Equity Fund". The letter can be downloaded here. The Multi Cap Equity Fund's Institutional Class returned 7.90% in Q2, underperforming the Bloomberg U.S. 3000 Index's 15.71% gain. Markets rose in the quarter on hopes of de-escalating Middle East tensions and easing oil flow. Investor focus shifted back to artificial intelligence, despite component shortages like processing chips affecting profits and valuations. Valuation-sensitive investors are selective within the AI sector, in contrast to valuation-agnostic indexes that adopt a more relaxed strategy. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its second-quarter 2026 investor letter, Weitz Multi Cap Equity Fund highlighted Charter Communications, Inc. (NASDAQ:CHTR). Charter Communications, Inc. (NASDAQ:CHTR) is a US-based broadband connectivity company. On September 15, 2026, Charter Communications, Inc. closed at $141.20 per share. Over the past month, Charter Communications, Inc. declined 7.39% and its shares lost 47.32% over the past 52 weeks. Charter Communications, Inc. has a market capitalization of $24.73 billion and its stock has traded within a 52-week range of $111.55 and $285.82.
Weitz Multi Cap Equity Fund stated the following regarding Charter Communications, Inc. (NASDAQ:CHTR) in its Q2 2026 investor letter:
"Charter Communications, Inc. (NASDAQ:CHTR) (the principal **** et of portfolio holding Liberty Broadband) shares were weak as investors remain laser-focused on the impact of competition in Charter's core broadband market. Although the stock price has not yet improved, we remain constructive and believe Charter's growing wireless business, forecasted reduction in investment spending and impending combination with **** provide reasons for optimism."
Charter Communications, Inc. (NASDAQ:CHTR) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 63 hedge fund portfolios held Charter Communications, Inc. (NASDAQ:CHTR) at the end of the second quarter which was 48 in the previous quarter. While we acknowledge the potential of Charter Communications, Inc. (NASDAQ:CHTR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#communications #quarter #investor
In its second-quarter 2026 investor letter, Weitz Multi Cap Equity Fund highlighted Charter Communications, Inc. (NASDAQ:CHTR). Charter Communications, Inc. (NASDAQ:CHTR) is a US-based broadband connectivity company. On September 15, 2026, Charter Communications, Inc. closed at $141.20 per share. Over the past month, Charter Communications, Inc. declined 7.39% and its shares lost 47.32% over the past 52 weeks. Charter Communications, Inc. has a market capitalization of $24.73 billion and its stock has traded within a 52-week range of $111.55 and $285.82.
Weitz Multi Cap Equity Fund stated the following regarding Charter Communications, Inc. (NASDAQ:CHTR) in its Q2 2026 investor letter:
"Charter Communications, Inc. (NASDAQ:CHTR) (the principal **** et of portfolio holding Liberty Broadband) shares were weak as investors remain laser-focused on the impact of competition in Charter's core broadband market. Although the stock price has not yet improved, we remain constructive and believe Charter's growing wireless business, forecasted reduction in investment spending and impending combination with **** provide reasons for optimism."
Charter Communications, Inc. (NASDAQ:CHTR) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 63 hedge fund portfolios held Charter Communications, Inc. (NASDAQ:CHTR) at the end of the second quarter which was 48 in the previous quarter. While we acknowledge the potential of Charter Communications, Inc. (NASDAQ:CHTR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#communications #quarter #investor
1 month ago
With aviation often a prohibitively costly industry for individual players without major backing, several smaller and charter carriers did not survive the spike in jet fuel prices that came at the start of 2026 following the U.S.-Israeli strike on Iran.
Major recent news in this ***** e includes the collapse of Spirit Airlines and the bankruptcy filing of Latvian flag carrier AirBaltic. Smaller carriers that shut down in 2026 include Mexican holiday airline Magnicharters, Finnish charter airline Jetflite, and most recently in September 2026, French charter carrier AirAiles.
And in Colorado, charter broker and indirect air carrier OneFlight International is reportedly pausing all flights for 30 days as a long string of financial problems catches up with it.
The company does not own any aircraft but functions as a broker, organizing chartered flights by private jet and jet card subscriptions.
A jet card is a membership in which customers book flight hours on a private plane at fixed rates. Along with fractional ownership, it is one of two main ways that passengers who fly private book their flights.
#carrier #card
Major recent news in this ***** e includes the collapse of Spirit Airlines and the bankruptcy filing of Latvian flag carrier AirBaltic. Smaller carriers that shut down in 2026 include Mexican holiday airline Magnicharters, Finnish charter airline Jetflite, and most recently in September 2026, French charter carrier AirAiles.
And in Colorado, charter broker and indirect air carrier OneFlight International is reportedly pausing all flights for 30 days as a long string of financial problems catches up with it.
The company does not own any aircraft but functions as a broker, organizing chartered flights by private jet and jet card subscriptions.
A jet card is a membership in which customers book flight hours on a private plane at fixed rates. Along with fractional ownership, it is one of two main ways that passengers who fly private book their flights.
#carrier #card
1 month ago
Alluvium ****** et Management, an ****** et management company, released its "Conventum – Alluvium Global Fund" second-quarter 2026 investor letter. The letter can be downloaded here. The second quarter reflected a sharp shift from geopolitical uncertainty and oil market volatility to a powerful equity rally led by semiconductor companies. Despite the broader market strength, the Fund declined 1.4% in EUR terms, 2.2% in USD terms, and 3.9% in AUD terms. Portfolio results were mixed, with Alphabet benefiting from strong Cloud growth, while Robert Half, H&R Block and other holdings posted solid gains. However, cable businesses and several healthcare and consumer holdings weighed on performance. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Conventum – Alluvium Global Fund highlighted Charter Communications, Inc. (NASDAQ:CHTR). Charter Communications, Inc. (NASDAQ:CHTR) is a US-based broadband connectivity company. On September 15, 2026, Charter Communications, Inc. (NASDAQ:CHTR) closed at $141.20 per share. Over the past month, Charter Communications, Inc. (NASDAQ:CHTR) declined 7.39% and its shares lost 47.32% over the past 52 weeks. Charter Communications, Inc. (NASDAQ:CHTR) has a market capitalization of $24.73 billion and its stock has traded within a 52-week range of $111.55 and $285.82.
Conventum – Alluvium Global Fund stated the following regarding Charter Communications, Inc. (NASDAQ:CHTR) in its Q2 2026 investor letter:
"Charter Communications, Inc. (NASDAQ:CHTR) and its tracking stock Liberty Broadband fell 34.1% and 33.7% following the release of Charter's results in April. It seems the market is understandably concerned with the average revenue per user (ARPU) being flat, and the continual loss of internet customers. Competition is intense from both fixed wireless providers and low earth orbit satellite (Starlink). Compared to Charter's cables, these are higher cost and more capacity constrained. Charter's flat ARPU is the result of its decision to provide a demonstrably better offering at a low price - so why is it losing so many internet customers? We do not know the answer. We do know though that it is growing its mobile subscribers at a much faster rate than it is losing its internet customers, and more than half of its residential customers subscribe to more than one product. We also see positives stemming from the pending ****** acquisition, and indeed management increased expected synergies by 60%. It seems to us that the broader market has extrapolated current conditions to perpetuity..." (Click here to read the full text)
#fund
In its second-quarter 2026 investor letter, Conventum – Alluvium Global Fund highlighted Charter Communications, Inc. (NASDAQ:CHTR). Charter Communications, Inc. (NASDAQ:CHTR) is a US-based broadband connectivity company. On September 15, 2026, Charter Communications, Inc. (NASDAQ:CHTR) closed at $141.20 per share. Over the past month, Charter Communications, Inc. (NASDAQ:CHTR) declined 7.39% and its shares lost 47.32% over the past 52 weeks. Charter Communications, Inc. (NASDAQ:CHTR) has a market capitalization of $24.73 billion and its stock has traded within a 52-week range of $111.55 and $285.82.
Conventum – Alluvium Global Fund stated the following regarding Charter Communications, Inc. (NASDAQ:CHTR) in its Q2 2026 investor letter:
"Charter Communications, Inc. (NASDAQ:CHTR) and its tracking stock Liberty Broadband fell 34.1% and 33.7% following the release of Charter's results in April. It seems the market is understandably concerned with the average revenue per user (ARPU) being flat, and the continual loss of internet customers. Competition is intense from both fixed wireless providers and low earth orbit satellite (Starlink). Compared to Charter's cables, these are higher cost and more capacity constrained. Charter's flat ARPU is the result of its decision to provide a demonstrably better offering at a low price - so why is it losing so many internet customers? We do not know the answer. We do know though that it is growing its mobile subscribers at a much faster rate than it is losing its internet customers, and more than half of its residential customers subscribe to more than one product. We also see positives stemming from the pending ****** acquisition, and indeed management increased expected synergies by 60%. It seems to us that the broader market has extrapolated current conditions to perpetuity..." (Click here to read the full text)
#fund
1 month ago
Weitz Investment Management, an investment management firm, released its second-quarter Q2 2026 investor letter for the "Multi Cap Equity Fund". The letter can be downloaded here. The Multi Cap Equity Fund's Institutional Class returned 7.90% in Q2, underperforming the Bloomberg U.S. 3000 Index's 15.71% gain. Markets rose in the quarter on hopes of de-escalating Middle East tensions and easing oil flow. Investor focus shifted back to artificial intelligence, despite component shortages like processing chips affecting profits and valuations. Valuation-sensitive investors are selective within the AI sector, in contrast to valuation-agnostic indexes that adopt a more relaxed strategy. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its second-quarter 2026 investor letter, Weitz Multi Cap Equity Fund highlighted Charter Communications, Inc. (NASDAQ:CHTR). Charter Communications, Inc. (NASDAQ:CHTR) is a US-based broadband connectivity company. On September 15, 2026, Charter Communications, Inc. closed at $141.20 per share. Over the past month, Charter Communications, Inc. declined 7.39% and its shares lost 47.32% over the past 52 weeks. Charter Communications, Inc. has a market capitalization of $24.73 billion and its stock has traded within a 52-week range of $111.55 and $285.82.
Weitz Multi Cap Equity Fund stated the following regarding Charter Communications, Inc. (NASDAQ:CHTR) in its Q2 2026 investor letter:
"Charter Communications, Inc. (NASDAQ:CHTR) (the principal **** et of portfolio holding Liberty Broadband) shares were weak as investors remain laser-focused on the impact of competition in Charter's core broadband market. Although the stock price has not yet improved, we remain constructive and believe Charter's growing wireless business, forecasted reduction in investment spending and impending combination with **** provide reasons for optimism."
Charter Communications, Inc. (NASDAQ:CHTR) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 63 hedge fund portfolios held Charter Communications, Inc. (NASDAQ:CHTR) at the end of the second quarter which was 48 in the previous quarter. While we acknowledge the potential of Charter Communications, Inc. (NASDAQ:CHTR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#charter #multi #investor
In its second-quarter 2026 investor letter, Weitz Multi Cap Equity Fund highlighted Charter Communications, Inc. (NASDAQ:CHTR). Charter Communications, Inc. (NASDAQ:CHTR) is a US-based broadband connectivity company. On September 15, 2026, Charter Communications, Inc. closed at $141.20 per share. Over the past month, Charter Communications, Inc. declined 7.39% and its shares lost 47.32% over the past 52 weeks. Charter Communications, Inc. has a market capitalization of $24.73 billion and its stock has traded within a 52-week range of $111.55 and $285.82.
Weitz Multi Cap Equity Fund stated the following regarding Charter Communications, Inc. (NASDAQ:CHTR) in its Q2 2026 investor letter:
"Charter Communications, Inc. (NASDAQ:CHTR) (the principal **** et of portfolio holding Liberty Broadband) shares were weak as investors remain laser-focused on the impact of competition in Charter's core broadband market. Although the stock price has not yet improved, we remain constructive and believe Charter's growing wireless business, forecasted reduction in investment spending and impending combination with **** provide reasons for optimism."
Charter Communications, Inc. (NASDAQ:CHTR) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 63 hedge fund portfolios held Charter Communications, Inc. (NASDAQ:CHTR) at the end of the second quarter which was 48 in the previous quarter. While we acknowledge the potential of Charter Communications, Inc. (NASDAQ:CHTR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#charter #multi #investor
1 month ago
Alluvium **** et Management, an **** et management company, released its "Conventum – Alluvium Global Fund" second-quarter 2026 investor letter. The letter can be downloaded here. The second quarter reflected a sharp shift from geopolitical uncertainty and oil market volatility to a powerful equity rally led by semiconductor companies. Despite the broader market strength, the Fund declined 1.4% in EUR terms, 2.2% in USD terms, and 3.9% in AUD terms. Portfolio results were mixed, with Alphabet benefiting from strong Cloud growth, while Robert Half, H&R Block and other holdings posted solid gains. However, cable businesses and several healthcare and consumer holdings weighed on performance. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Conventum – Alluvium Global Fund highlighted Charter Communications, Inc. (NASDAQ:CHTR). Charter Communications, Inc. (NASDAQ:CHTR) is a US-based broadband connectivity company. On September 15, 2026, Charter Communications, Inc. (NASDAQ:CHTR) closed at $141.20 per share. Over the past month, Charter Communications, Inc. (NASDAQ:CHTR) declined 7.39% and its shares lost 47.32% over the past 52 weeks. Charter Communications, Inc. (NASDAQ:CHTR) has a market capitalization of $24.73 billion and its stock has traded within a 52-week range of $111.55 and $285.82.
Conventum – Alluvium Global Fund stated the following regarding Charter Communications, Inc. (NASDAQ:CHTR) in its Q2 2026 investor letter:
"Charter Communications, Inc. (NASDAQ:CHTR) and its tracking stock Liberty Broadband fell 34.1% and 33.7% following the release of Charter's results in April. It seems the market is understandably concerned with the average revenue per user (ARPU) being flat, and the continual loss of internet customers. Competition is intense from both fixed wireless providers and low earth orbit satellite (Starlink). Compared to Charter's cables, these are higher cost and more capacity constrained. Charter's flat ARPU is the result of its decision to provide a demonstrably better offering at a low price - so why is it losing so many internet customers? We do not know the answer. We do know though that it is growing its mobile subscribers at a much faster rate than it is losing its internet customers, and more than half of its residential customers subscribe to more than one product. We also see positives stemming from the pending **** acquisition, and indeed management increased expected synergies by 60%. It seems to us that the broader market has extrapolated current conditions to perpetuity..." (Click here to read the full text)
#fund
In its second-quarter 2026 investor letter, Conventum – Alluvium Global Fund highlighted Charter Communications, Inc. (NASDAQ:CHTR). Charter Communications, Inc. (NASDAQ:CHTR) is a US-based broadband connectivity company. On September 15, 2026, Charter Communications, Inc. (NASDAQ:CHTR) closed at $141.20 per share. Over the past month, Charter Communications, Inc. (NASDAQ:CHTR) declined 7.39% and its shares lost 47.32% over the past 52 weeks. Charter Communications, Inc. (NASDAQ:CHTR) has a market capitalization of $24.73 billion and its stock has traded within a 52-week range of $111.55 and $285.82.
Conventum – Alluvium Global Fund stated the following regarding Charter Communications, Inc. (NASDAQ:CHTR) in its Q2 2026 investor letter:
"Charter Communications, Inc. (NASDAQ:CHTR) and its tracking stock Liberty Broadband fell 34.1% and 33.7% following the release of Charter's results in April. It seems the market is understandably concerned with the average revenue per user (ARPU) being flat, and the continual loss of internet customers. Competition is intense from both fixed wireless providers and low earth orbit satellite (Starlink). Compared to Charter's cables, these are higher cost and more capacity constrained. Charter's flat ARPU is the result of its decision to provide a demonstrably better offering at a low price - so why is it losing so many internet customers? We do not know the answer. We do know though that it is growing its mobile subscribers at a much faster rate than it is losing its internet customers, and more than half of its residential customers subscribe to more than one product. We also see positives stemming from the pending **** acquisition, and indeed management increased expected synergies by 60%. It seems to us that the broader market has extrapolated current conditions to perpetuity..." (Click here to read the full text)
#fund
1 month ago
Fourteen years ago, Ken Jouppi, who had operated a charter airplane business in Alaska since the 1970s, agreed to fly a passenger from Fairbanks to Beaver, one of the state's dry jurisdictions. The passenger's luggage included 72 cans of Budweiser and Bud Light, which she planned to share with her husband on his birthday. Although most of the beer was boxed, a six-pack "was packed only in a grocery bag and would have been in plain view to Jouppi as he was loading the airplane," the Alaska Supreme Court noted last year.
State troopers discovered the beer before the plane took off, and Jouppi was convicted of a misdemeanor. The trial court, which concluded that Jouppi had been "willfully blind" to the six-pack, sentenced him to three days in jail and a $1,500 fine. But state law mandated another punishment that was 63 times as severe: forfeiture of Jouppi's $95,000 airplane. Although that penalty seemed grossly disproportionate, the Alaska Supreme Court ruled that it did not violate the Eighth Amendment's ban on excessive fines.
In July, responding to a petition filed by the Institute for Justice, the U.S. Supreme Court agreed to review that decision. It will hear oral argument in Jouppi v. Alaska on December 1. In a brief supporting Jouppi's appeal that it filed last week, the Cato Institute argues that the Alaska Supreme Court erred by failing to consider the gravity of his conduct and the financial consequences of the forfeiture. Both of those factors, Cato attorney Matthew Cavedon says, have been central to the common-law understanding of excessive fines for eight centuries.
"The Eighth Amendment was designed to prevent this kind of abuse by limiting excessive fines," Cavedon writes. "Long before the United States was founded, the common law protected people from extreme monetary penalties. But the Alaska Supreme Court's view is that challenges to excessive fines 'should rarely succeed.' This dismissive view led it to conclude that there is nothing excessive about the forfeiture of an airplane worth 'only 9.5 times the maximum fine'—and over 60 times the fine actually imposed. The decision below cannot be reconciled with this Court's precedent or the Excessive Fines Clause's original meaning."
In weighing the proportionality of the airplane forfeiture, the Alaska Supreme Court thought the relevant consideration was the harm caused by excessive drinking. "Alcohol abuse in rural Alaska leads to increased crime; disorders, such as alcoholism; conditions, such as fetal alcohol spectrum disorder; and death, imposing substantial costs on public health and the administration of justice," Justice Jude Pate wrote in the majority opinion. "Within this context, it is clear that the illegal importation of even a six-pack of beer causes grave societal harm."
#court #excessive #jouppi
State troopers discovered the beer before the plane took off, and Jouppi was convicted of a misdemeanor. The trial court, which concluded that Jouppi had been "willfully blind" to the six-pack, sentenced him to three days in jail and a $1,500 fine. But state law mandated another punishment that was 63 times as severe: forfeiture of Jouppi's $95,000 airplane. Although that penalty seemed grossly disproportionate, the Alaska Supreme Court ruled that it did not violate the Eighth Amendment's ban on excessive fines.
In July, responding to a petition filed by the Institute for Justice, the U.S. Supreme Court agreed to review that decision. It will hear oral argument in Jouppi v. Alaska on December 1. In a brief supporting Jouppi's appeal that it filed last week, the Cato Institute argues that the Alaska Supreme Court erred by failing to consider the gravity of his conduct and the financial consequences of the forfeiture. Both of those factors, Cato attorney Matthew Cavedon says, have been central to the common-law understanding of excessive fines for eight centuries.
"The Eighth Amendment was designed to prevent this kind of abuse by limiting excessive fines," Cavedon writes. "Long before the United States was founded, the common law protected people from extreme monetary penalties. But the Alaska Supreme Court's view is that challenges to excessive fines 'should rarely succeed.' This dismissive view led it to conclude that there is nothing excessive about the forfeiture of an airplane worth 'only 9.5 times the maximum fine'—and over 60 times the fine actually imposed. The decision below cannot be reconciled with this Court's precedent or the Excessive Fines Clause's original meaning."
In weighing the proportionality of the airplane forfeiture, the Alaska Supreme Court thought the relevant consideration was the harm caused by excessive drinking. "Alcohol abuse in rural Alaska leads to increased crime; disorders, such as alcoholism; conditions, such as fetal alcohol spectrum disorder; and death, imposing substantial costs on public health and the administration of justice," Justice Jude Pate wrote in the majority opinion. "Within this context, it is clear that the illegal importation of even a six-pack of beer causes grave societal harm."
#court #excessive #jouppi
1 month ago
On September 10, Tsakos Energy Navigation (NYSE:TEN) reported a first half of 2026 that reads like a fantasy year for a decades-old tanker operator. Net income hit $228 million, more than triple what the company earned over the same six months a year earlier, while diluted EPS climbed to $7.12 from $1.70. Behind those numbers sits a rare combination: a fleet locked into billions in forward earnings, war-driven cargo detours pushing rates higher, and a newbuilding bet that has already paid off before half the ships have even hit the water.
The earnings power came from two directions at once. The average time charter equivalent rate rose 41% to $43,503 a day in the first half, and profit-sharing contracts on nine large vessels brought in $71 million, up from just $10 million a year earlier. Even with six vessels pulled from service for scheduled dry docks, the fleet still ran at 96.5% utilization. Second-quarter results followed the same pattern, with net income of $139.3 million, which included a $38 million gain on ******* et sales, and earnings per share of $4.40 against $0.67 in last year's second quarter.
Tsakos is also sitting on a fleet renewal bet that already worked out. Since the start of 2023, the company has sold 20 tankers averaging 17.3 years old and replaced them with 35 vessels averaging just half a year old. Its 26-ship newbuilding program, contracted for about $3.1 billion, is now valued roughly 30% above that cost, and CEO Nikolas Tsakos said the VLCCs in that order book have nearly doubled in price since they were placed. With $466 million in cash and forward committed earnings of roughly $3.5 billion, management has room to raise its dividend, which already paid out $1.60 per share this year, and is weighing whether to redeem $120 million of 9.25% preferred shares, a move it estimates could add $0.30 to $0.40 to EPS.
That performance came against a backdrop the company would rather not have. President George Saroglou said vessels have been attacked, and seafarers hurt or killed trying to keep global trade moving through the Strait of Hormuz, where a ceasefire unraveled roughly halfway through its planned 60-day run and a US naval presence now tries to manage safe passage. Tsakos has chosen to route around the strait entirely rather than put crews through the toll those attacks take.
The cost side is climbing too. Bunker prices jumped about 25%, pushing first-half voyage expenses to $82 million from $68 million, and operating expenses rose to $111 million from $102 million on higher dry-docking costs and inflation. Total debt reached $2.1 billion at the end of June, up from $1.8 billion a year earlier, as the company finances its newbuilding program. And while profit-sharing revenue jumped, the operating days tied to those market-related contracts actually fell 22%, meaning a smaller slice of the fleet is left exposed to capture further spot-rate gains if the tanker market keeps running hot.
#billion
The earnings power came from two directions at once. The average time charter equivalent rate rose 41% to $43,503 a day in the first half, and profit-sharing contracts on nine large vessels brought in $71 million, up from just $10 million a year earlier. Even with six vessels pulled from service for scheduled dry docks, the fleet still ran at 96.5% utilization. Second-quarter results followed the same pattern, with net income of $139.3 million, which included a $38 million gain on ******* et sales, and earnings per share of $4.40 against $0.67 in last year's second quarter.
Tsakos is also sitting on a fleet renewal bet that already worked out. Since the start of 2023, the company has sold 20 tankers averaging 17.3 years old and replaced them with 35 vessels averaging just half a year old. Its 26-ship newbuilding program, contracted for about $3.1 billion, is now valued roughly 30% above that cost, and CEO Nikolas Tsakos said the VLCCs in that order book have nearly doubled in price since they were placed. With $466 million in cash and forward committed earnings of roughly $3.5 billion, management has room to raise its dividend, which already paid out $1.60 per share this year, and is weighing whether to redeem $120 million of 9.25% preferred shares, a move it estimates could add $0.30 to $0.40 to EPS.
That performance came against a backdrop the company would rather not have. President George Saroglou said vessels have been attacked, and seafarers hurt or killed trying to keep global trade moving through the Strait of Hormuz, where a ceasefire unraveled roughly halfway through its planned 60-day run and a US naval presence now tries to manage safe passage. Tsakos has chosen to route around the strait entirely rather than put crews through the toll those attacks take.
The cost side is climbing too. Bunker prices jumped about 25%, pushing first-half voyage expenses to $82 million from $68 million, and operating expenses rose to $111 million from $102 million on higher dry-docking costs and inflation. Total debt reached $2.1 billion at the end of June, up from $1.8 billion a year earlier, as the company finances its newbuilding program. And while profit-sharing revenue jumped, the operating days tied to those market-related contracts actually fell 22%, meaning a smaller slice of the fleet is left exposed to capture further spot-rate gains if the tanker market keeps running hot.
#billion
1 month ago
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Tesla Inc. (NASDAQ:TSLA) is expanding into Vietnam, establishing a local subsidiary authorized to import, distribute and sell vehicles as competition intensifies in neighboring China.
Tesla Motors Vietnam was registered in Ho Chi Minh City on Sept. 11 with roughly $3 million in charter capital, Reuters reported Monday. Tesla has not yet said when vehicle sales will begin.
Tesla's share of China's battery-electric vehicle market fell to 6.6% in the second quarter from more than 15% in 2020, according to Reuters.
Its China retail sales fell 12.4% year over year in August to 50,047 vehicles, while China's battery-electric vehicle sales edged 0.8% higher.
#tesla #sales #reuters
Tesla Inc. (NASDAQ:TSLA) is expanding into Vietnam, establishing a local subsidiary authorized to import, distribute and sell vehicles as competition intensifies in neighboring China.
Tesla Motors Vietnam was registered in Ho Chi Minh City on Sept. 11 with roughly $3 million in charter capital, Reuters reported Monday. Tesla has not yet said when vehicle sales will begin.
Tesla's share of China's battery-electric vehicle market fell to 6.6% in the second quarter from more than 15% in 2020, according to Reuters.
Its China retail sales fell 12.4% year over year in August to 50,047 vehicles, while China's battery-electric vehicle sales edged 0.8% higher.
#tesla #sales #reuters
2 months ago
Danaos Corporation (DAC) is a leading global containership owner.
DAC exhibits robust technical momentum with shares trading at a new all-time high.
The stock is up nearly 70% over the past year.
Danaos also pays a dividend that yields 2.27%.
Valued at $2.86 billion, Danaos (DAC) is a leading international owner of containerships, chartering vessels to many of the world's largest liner companies.
#owner #valued #global
DAC exhibits robust technical momentum with shares trading at a new all-time high.
The stock is up nearly 70% over the past year.
Danaos also pays a dividend that yields 2.27%.
Valued at $2.86 billion, Danaos (DAC) is a leading international owner of containerships, chartering vessels to many of the world's largest liner companies.
#owner #valued #global
2 months ago
Block, Inc. (NYSE:XYZ) is taking another step toward consolidating its digital **** et operations under a federal regulatory framework. On September 8, it filed an application with the Office of the Comptroller of the Currency (OCC) to charter Builders Bank & Trust, N.A.
If chartered, the Builders Bank & Trust could become an important part of Block's digital **** et custody infrastructure, giving the company a federally supervised framework for custody and related services involving bitcoin and stablecoins.
Builders Bank & Trust would be an uninsured national trust bank, meaning it would not accept deposits or make traditional loans. Instead, its focus would be on fiduciary and custody services, allowing Block to build specialized infrastructure for safeguarding digital **** ets.
The structure could be particularly valuable as Block, Inc. (NYSE:XYZ) seeks to expand its institutional customer base. A federally supervised custody operation could give larger financial institutions greater confidence in Block's ability to safeguard Bitcoin and other digital **** ets.
Stablecoins represent a potentially important opportunity for Block, particularly through its Cash App ecosystem. A regulated custody infrastructure could eventually support broader stablecoin-related products and payments if Block chooses to expand further in this area.
#Bitcoin
If chartered, the Builders Bank & Trust could become an important part of Block's digital **** et custody infrastructure, giving the company a federally supervised framework for custody and related services involving bitcoin and stablecoins.
Builders Bank & Trust would be an uninsured national trust bank, meaning it would not accept deposits or make traditional loans. Instead, its focus would be on fiduciary and custody services, allowing Block to build specialized infrastructure for safeguarding digital **** ets.
The structure could be particularly valuable as Block, Inc. (NYSE:XYZ) seeks to expand its institutional customer base. A federally supervised custody operation could give larger financial institutions greater confidence in Block's ability to safeguard Bitcoin and other digital **** ets.
Stablecoins represent a potentially important opportunity for Block, particularly through its Cash App ecosystem. A regulated custody infrastructure could eventually support broader stablecoin-related products and payments if Block chooses to expand further in this area.
#Bitcoin
2 months ago
One more sleep until the Green Bay Packers take on the Minnesota Vikings at US Bank Stadium. Until then, let's dive into some prospects Packers fans should keep tabs on during the Week 2 slate of the college football season.
With the Packers expected to have a heavy presence at the Mississippi State at Minnesota game, we'll start with the SEC vs. Big 10 matchup.
Ashton Beers, iOL: Beers fits what the Packers look for in interior lineman. The Gophers starting center has 14 starts at center, seven at right guard and two at left guard to his name. He also has taken snaps at left tackle. With his position versatility, size (6-6, 320) and football acumen, Beers could be a target for the Packers on Day 3 of the 2027 NFL Draft.
Jaray Bledsoe, DT, Mississippi State: Bledsoe is an active interior presence. Last week the former Texas transfer recorded 1.5 tackles for loss after he recorded 5.5 tackles for loss and 1.5 sacks last season. The 6-4, 290 pound defensive tackle will face a tough test against Minnesota's interior offensive line that boasts potential first-round pick Greg Johnson and Beers.
John Walker, DT, Ohio State: A month ago if you were to discuss the Ohio State defensive tackles, you'd likely hear the names James Smith and Eddrick Houston and for good reason, both prospects are fine players. Houston looked like an immovable object last week against Ball State. John Walker though was the defensive tackle that caught my attention. He showed good initial quickness off the snap and power to make an impact against the run and impact the timing of the quarterback. I charted him with a pair of run stops and two pressures.
#defensive #minnesota
With the Packers expected to have a heavy presence at the Mississippi State at Minnesota game, we'll start with the SEC vs. Big 10 matchup.
Ashton Beers, iOL: Beers fits what the Packers look for in interior lineman. The Gophers starting center has 14 starts at center, seven at right guard and two at left guard to his name. He also has taken snaps at left tackle. With his position versatility, size (6-6, 320) and football acumen, Beers could be a target for the Packers on Day 3 of the 2027 NFL Draft.
Jaray Bledsoe, DT, Mississippi State: Bledsoe is an active interior presence. Last week the former Texas transfer recorded 1.5 tackles for loss after he recorded 5.5 tackles for loss and 1.5 sacks last season. The 6-4, 290 pound defensive tackle will face a tough test against Minnesota's interior offensive line that boasts potential first-round pick Greg Johnson and Beers.
John Walker, DT, Ohio State: A month ago if you were to discuss the Ohio State defensive tackles, you'd likely hear the names James Smith and Eddrick Houston and for good reason, both prospects are fine players. Houston looked like an immovable object last week against Ball State. John Walker though was the defensive tackle that caught my attention. He showed good initial quickness off the snap and power to make an impact against the run and impact the timing of the quarterback. I charted him with a pair of run stops and two pressures.
#defensive #minnesota
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.
Management attributed record-breaking results to a 'stellar' market environment where geopolitical tensions, specifically the closure of the Strait of Hormuz, have significantly increased ton-mile dislocation.
The company is executing a massive $3.1 billion fleet renewal program involving 26 newbuildings, with management noting that these ****** ets have already appreciated by approximately 30% since contracting.
Strategic positioning focuses on a 'balanced' model, using fixed-rate charters to cover all-in break-even costs while utilizing spot and profit-sharing contracts to capture market upside.
Management highlighted an unprecedented appetite from major oil companies, who are now seeking long-term charters of up to 7 years for vessels aged 10 years or younger.
#management #years #hormuz
Management attributed record-breaking results to a 'stellar' market environment where geopolitical tensions, specifically the closure of the Strait of Hormuz, have significantly increased ton-mile dislocation.
The company is executing a massive $3.1 billion fleet renewal program involving 26 newbuildings, with management noting that these ****** ets have already appreciated by approximately 30% since contracting.
Strategic positioning focuses on a 'balanced' model, using fixed-rate charters to cover all-in break-even costs while utilizing spot and profit-sharing contracts to capture market upside.
Management highlighted an unprecedented appetite from major oil companies, who are now seeking long-term charters of up to 7 years for vessels aged 10 years or younger.
#management #years #hormuz
2 months ago
By Julia Harte
Sept 9 (Reuters) - The Trump administration proposed on Wednesday changing the national census to include only U.S. citizens and permanent residents, a move that could significantly change how much political representation and federal funding each state receives.
The U.S. Census Bureau submitted the proposal just over a year after President Donald Trump ordered its parent agency to craft a new census that would block immigrants in the U.S. illegally from being counted. The bureau will conduct the next full census in 2030.
The proposed rule changes would exclude even more immigrants from the census, such as those in the U.S. on a temporary lawful basis. The proposed changes would also eliminate parts of the questionnaire that seek information on race or ethnicity, which have been included since the first census in 1790.
The proposal is open to public comment for 30 days.
#julia #harte
Sept 9 (Reuters) - The Trump administration proposed on Wednesday changing the national census to include only U.S. citizens and permanent residents, a move that could significantly change how much political representation and federal funding each state receives.
The U.S. Census Bureau submitted the proposal just over a year after President Donald Trump ordered its parent agency to craft a new census that would block immigrants in the U.S. illegally from being counted. The bureau will conduct the next full census in 2030.
The proposed rule changes would exclude even more immigrants from the census, such as those in the U.S. on a temporary lawful basis. The proposed changes would also eliminate parts of the questionnaire that seek information on race or ethnicity, which have been included since the first census in 1790.
The proposal is open to public comment for 30 days.
#julia #harte
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2 months ago
PORT ST. LUCIE — In its first season as an FHSAA school, Indian River Charter High School made its first bit of history on the lanes.
Caleb Crowe rolled a perfect game during the Wolves' match against Fort Pierce Central on Wednesday, Sept. 10 from St. Lucie Lanes.
The freshman, who was voted as TCPalm's Boys Athlete of the Week for the Aug. 31-Sept. 5 playing period, became the first bowler to roll a 300 since Nathan Mondo accomplished the feat for the Cobras in 2024.
TCPalm All-Area Boys Bowling: Who knocked down the most pins in 2025?
More: Fortunate break lands Martin County boys their first bowling ***** le since 2016
#first #school
Caleb Crowe rolled a perfect game during the Wolves' match against Fort Pierce Central on Wednesday, Sept. 10 from St. Lucie Lanes.
The freshman, who was voted as TCPalm's Boys Athlete of the Week for the Aug. 31-Sept. 5 playing period, became the first bowler to roll a 300 since Nathan Mondo accomplished the feat for the Cobras in 2024.
TCPalm All-Area Boys Bowling: Who knocked down the most pins in 2025?
More: Fortunate break lands Martin County boys their first bowling ***** le since 2016
#first #school
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2 months ago
For the third consecutive week, at least one player from the Weatherford College volleyball team has earned Northern Texas Junior College Athletic Conference Player of the Week honors.
Mirabel Onyegwu was named the NTJCAC Offensive Player of the Week, while Alena Lopez earned the Defensive Player of the Week award.
Onyegwu and Lopez are the third and fourth Coyotes to earn the honor this season, joining teammates Glorybell Puente (defensive, Week 1) and Beline Thibaut (offensive, Weeks 1 and 2).
Onyegwu, an outside hitter from Nigeria, played in 19 sets for WC last week. She recorded 65 kills on 161 attacks, averaging 3.4 kills and 3.5 points per set. She also logged 63 digs and 12 block ******* ists.
Lopez, a libero from Saginaw, also appeared in 19 sets for the Coyotes. She charted 68 digs, 21 ******* ists and three aces, averaging four digs per set.
#onyegwu
Mirabel Onyegwu was named the NTJCAC Offensive Player of the Week, while Alena Lopez earned the Defensive Player of the Week award.
Onyegwu and Lopez are the third and fourth Coyotes to earn the honor this season, joining teammates Glorybell Puente (defensive, Week 1) and Beline Thibaut (offensive, Weeks 1 and 2).
Onyegwu, an outside hitter from Nigeria, played in 19 sets for WC last week. She recorded 65 kills on 161 attacks, averaging 3.4 kills and 3.5 points per set. She also logged 63 digs and 12 block ******* ists.
Lopez, a libero from Saginaw, also appeared in 19 sets for the Coyotes. She charted 68 digs, 21 ******* ists and three aces, averaging four digs per set.
#onyegwu
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2 months ago
Block has applied to the Office of the Comptroller of the Currency for a national trust bank charter, the payments company behind Square and Cash App said on Tuesday.
Builders Bank & Trust would be uninsured and non-depository, taking no deposits and making no loans. Its business would be custody of Bitcoin and other digital ***** ets, executing customer buy and sell orders on a riskless principal basis, and stablecoin settlement.
Block has run digital ***** et services for about eight years under more than 50 state money transmitter and virtual currency licenses, the application says, handling around $10.7 billion in Bitcoin transaction volume in 2025 and serving about two million monthly crypto users through Cash App by the second quarter. A federal charter, Block says, would let it support those activities "through a consistent national framework as the business scales."
Builders Bank would be headquartered in Sioux Falls, South Dakota, with no branches. All five proposed directors live elsewhere, and Block has asked the OCC to waive the rule requiring one to live within 100 miles. Lee Woolley, Block's digital ***** et strategy lead and a former Northern Trust and BNY Mellon executive, would chair it and serve as chief executive.
Dorsey himself is not among the organizers, directors or senior executives, and appears in the filing only as Block's co-founder. The business plan and capital figures went in as confidential exhibits, and the bank cannot open unless the OCC approves.
#block #digital #national
Builders Bank & Trust would be uninsured and non-depository, taking no deposits and making no loans. Its business would be custody of Bitcoin and other digital ***** ets, executing customer buy and sell orders on a riskless principal basis, and stablecoin settlement.
Block has run digital ***** et services for about eight years under more than 50 state money transmitter and virtual currency licenses, the application says, handling around $10.7 billion in Bitcoin transaction volume in 2025 and serving about two million monthly crypto users through Cash App by the second quarter. A federal charter, Block says, would let it support those activities "through a consistent national framework as the business scales."
Builders Bank would be headquartered in Sioux Falls, South Dakota, with no branches. All five proposed directors live elsewhere, and Block has asked the OCC to waive the rule requiring one to live within 100 miles. Lee Woolley, Block's digital ***** et strategy lead and a former Northern Trust and BNY Mellon executive, would chair it and serve as chief executive.
Dorsey himself is not among the organizers, directors or senior executives, and appears in the filing only as Block's co-founder. The business plan and capital figures went in as confidential exhibits, and the bank cannot open unless the OCC approves.
#block #digital #national
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2 months ago
Liverpool have signed a "milestone" new shirt sponsorship deal with Turkish Airlines, understood to be worth more than £60million ($81.2 million) a year.
The company, which has signed a five-year contract, becomes only the sixth in the club's history to have its name on the front of the shirt.
Liverpool believe it could be the most lucrative deal in Premier League history, although Manchester United's agreement with Snapdragon is claimed to be worth a similar amount.
Turkish Airlines will replace Standard Chartered, which has sponsored the club since 2010, with the current deal estimated to be worth in the region of £50m a season. The bank will become a global partner from next term.
"This is a milestone announcement for us and we are delighted to welcome Turkish Airlines as our main club partner from June 2027," chief commercial officer Ben Latty said.
#shirt
The company, which has signed a five-year contract, becomes only the sixth in the club's history to have its name on the front of the shirt.
Liverpool believe it could be the most lucrative deal in Premier League history, although Manchester United's agreement with Snapdragon is claimed to be worth a similar amount.
Turkish Airlines will replace Standard Chartered, which has sponsored the club since 2010, with the current deal estimated to be worth in the region of £50m a season. The bank will become a global partner from next term.
"This is a milestone announcement for us and we are delighted to welcome Turkish Airlines as our main club partner from June 2027," chief commercial officer Ben Latty said.
#shirt
2 months ago
At the end of the 2026-27 season, Liverpool will have had Standard Chartered as their primary shirt sponsor for 17 years. For the 18 years before that, Carlsberg were the shirt sponsor. Both sponsors crossed managerial eras, saw badge changes, and became **** ociated with the front of a Liverpool kit to the point they almost faded into the background.
Next season, for the first time in 35 years, there will be a new one, with the club announcing today that Turkish Airlines had agreed a five-year deal reportedly worth upwards of £300M that will see them become the club's new primary shirt sponsor.
Though some sponsorship deals have a higher total value, those include stadium and other naming rights and Liverpool's new deal is said to be the must lucrative in the Premier League for a front of shirt sponsor. In addition to being the first new sponsor in 35 years, Turkish Airlines will become just the sixth shirt sponsor in the club's history.
Liverpool got their first with Hitachi (1979-1982) before moving to Crown Paints (1982-1988), Candy (1988-1992), Carlsberg (1992-2010), and then Standard Chartered (2010-2027) .
"This is a milestone announcement for us and we are delighted to welcome Turkish Airlines from June 2027," said Liverpool Chief Commercial Officer Ben Latty in a press release. "The front of the Liverpool shirt holds a special place in the history of our Club, and we look forward to building a strong relationship—with already strong foundations built from those special memories back in 2005.
#shirt #turkish #chartered
Next season, for the first time in 35 years, there will be a new one, with the club announcing today that Turkish Airlines had agreed a five-year deal reportedly worth upwards of £300M that will see them become the club's new primary shirt sponsor.
Though some sponsorship deals have a higher total value, those include stadium and other naming rights and Liverpool's new deal is said to be the must lucrative in the Premier League for a front of shirt sponsor. In addition to being the first new sponsor in 35 years, Turkish Airlines will become just the sixth shirt sponsor in the club's history.
Liverpool got their first with Hitachi (1979-1982) before moving to Crown Paints (1982-1988), Candy (1988-1992), Carlsberg (1992-2010), and then Standard Chartered (2010-2027) .
"This is a milestone announcement for us and we are delighted to welcome Turkish Airlines from June 2027," said Liverpool Chief Commercial Officer Ben Latty in a press release. "The front of the Liverpool shirt holds a special place in the history of our Club, and we look forward to building a strong relationship—with already strong foundations built from those special memories back in 2005.
#shirt #turkish #chartered
2 months ago
Turkish Airlines will become Liverpool's new front-of-shirt sponsor from the start of the 2027/28 season, the Premier League giants announced on Tuesday.
No fee was disclosed by the club, but the BBC reported that the five-year deal was worth £300 million ($406 million) in total.
A contract worth more than £60 million a season, would represent an increase on the current £50 million-per-season deal with retail bank Standard Chartered, who have been the Reds' front-of-shirt sponsor since 2010.
Liverpool's new deal is believed to be the most lucrative purely front-of-shirt agreement in Premier League history, with **** nal and Manchester City's agreements with Emirates and Etihad Airways respectively also involving stadium naming rights.
By contrast, six-time European champions Liverpool's home ground is still solely known by its original name of Anfield.
#million #front #sponsor #worth
No fee was disclosed by the club, but the BBC reported that the five-year deal was worth £300 million ($406 million) in total.
A contract worth more than £60 million a season, would represent an increase on the current £50 million-per-season deal with retail bank Standard Chartered, who have been the Reds' front-of-shirt sponsor since 2010.
Liverpool's new deal is believed to be the most lucrative purely front-of-shirt agreement in Premier League history, with **** nal and Manchester City's agreements with Emirates and Etihad Airways respectively also involving stadium naming rights.
By contrast, six-time European champions Liverpool's home ground is still solely known by its original name of Anfield.
#million #front #sponsor #worth
2 months ago
Liverpool have agreed a new five-year, £300m shirt sponsorship deal with Turkish Airlines for the start of next season.
The agreement, which the club believes is the most valuable in Premier League history, ends a 17-year front-of-the-shirt partnership with British multinational bank Standard Chartered.
Reports indicate the deal, which will come into effect on 1 June 2027, is worth more than £60m a season, believed to be a similar sum to Man Utd's current deal with Snapdragon.
Turkish Airlines branding will be on the front of Liverpool men's, women's and academy match shirts. Prior to Standard Chartered, front-of-the-shirt sponsors for Liverpool included Carlsberg, Candy and Crown Paints.
"The front of the Liverpool shirt holds a special place in the history of our club," Ben Latty, Liverpool's chief commercial officer, said.
#turkish
The agreement, which the club believes is the most valuable in Premier League history, ends a 17-year front-of-the-shirt partnership with British multinational bank Standard Chartered.
Reports indicate the deal, which will come into effect on 1 June 2027, is worth more than £60m a season, believed to be a similar sum to Man Utd's current deal with Snapdragon.
Turkish Airlines branding will be on the front of Liverpool men's, women's and academy match shirts. Prior to Standard Chartered, front-of-the-shirt sponsors for Liverpool included Carlsberg, Candy and Crown Paints.
"The front of the Liverpool shirt holds a special place in the history of our club," Ben Latty, Liverpool's chief commercial officer, said.
#turkish
2 months ago
Turkish Airlines will become Liverpool's front-of-shirt sponsor from the start of the 2027-28 season in a £300m deal.
The five-year contract is worth in excess of £60m a season, an increase on the current £50m-per-season deal with Standard Chartered, which has been the club's main partner since 2010 and is the existing front-of-shirt sponsor.
Liverpool believe the agreement with Turkish Airlines is the the most valuable front-of-shirt-only commercial deal in Premier League history.
Both ***** nal and Manchester City have deals with Emirates and Etihad Airways respectively, but those also involve stadium naming rights.
In February, Liverpool announced record revenues of more than £700m for the most recent financial year and were the highest-placed Premier League club in the Deloitte Football Money League.
#league #front #season #airlines
The five-year contract is worth in excess of £60m a season, an increase on the current £50m-per-season deal with Standard Chartered, which has been the club's main partner since 2010 and is the existing front-of-shirt sponsor.
Liverpool believe the agreement with Turkish Airlines is the the most valuable front-of-shirt-only commercial deal in Premier League history.
Both ***** nal and Manchester City have deals with Emirates and Etihad Airways respectively, but those also involve stadium naming rights.
In February, Liverpool announced record revenues of more than £700m for the most recent financial year and were the highest-placed Premier League club in the Deloitte Football Money League.
#league #front #season #airlines
2 months ago
The federal interest burden has reached a new height, exceeding even the 1991 record, but **** ysts warn the risks **** ociated with servicing the ever-growing national debt today are much higher than they were 35 years ago, **** ysts warn.
A recent **** ysis from investment management firm Doubleline noted that in 2025, the federal net interest payment on the U.S.'s now-$40 trillion national debt reached 18.5% of revenue, surpassing 1991's record 18.4%. That means the U.S. is collecting nearly 19% of all taxes and revenue just to pay off interest on its ballooning debt, equivalent to $1.25 trillion—more than the entire 2026 defense budget.
Growing interest payments create a cycle: the government must borrow more just to cover the interest, leaving it less flexible to spend on infrastructure, education, and other investments that drive growth.
The amount of money needed just to pay the interest on America's debt has swelled over the last decade as interest rates have grown, with interest expense as a percentage of revenue tripling since 2015, according to global market commentator the Kobeissi Letter, citing the Congressional Budget Office, which predicts interest expense levels to climb to 25% by 2036.
"The US debt crisis is in uncharted territory," the Kobeissi Letter wrote on a social media post. "These projections **** ume no major slowdown, recession, or significant rise in Treasury yields over this period."
#interest #kobeissi #letter #record
A recent **** ysis from investment management firm Doubleline noted that in 2025, the federal net interest payment on the U.S.'s now-$40 trillion national debt reached 18.5% of revenue, surpassing 1991's record 18.4%. That means the U.S. is collecting nearly 19% of all taxes and revenue just to pay off interest on its ballooning debt, equivalent to $1.25 trillion—more than the entire 2026 defense budget.
Growing interest payments create a cycle: the government must borrow more just to cover the interest, leaving it less flexible to spend on infrastructure, education, and other investments that drive growth.
The amount of money needed just to pay the interest on America's debt has swelled over the last decade as interest rates have grown, with interest expense as a percentage of revenue tripling since 2015, according to global market commentator the Kobeissi Letter, citing the Congressional Budget Office, which predicts interest expense levels to climb to 25% by 2036.
"The US debt crisis is in uncharted territory," the Kobeissi Letter wrote on a social media post. "These projections **** ume no major slowdown, recession, or significant rise in Treasury yields over this period."
#interest #kobeissi #letter #record
2 months ago
Dorian LPG has agreed an order with South Korean shipbuilder Hanwha Ocean for the construction of three 90,000m³ dual-fuel Panamax very large gas carriers (VLGCs) for a total price of around $345m (Won463.5bn).
The three ships are scheduled for delivery in June, September and December 2030.
Each VLGC will be fitted with dual-fuel engines capable of burning liquefied petroleum gas (LPG) or conventional low-sulphur fuels. They will also feature a shaft generator system that allows power to be produced on board during sea passages.
Hull forms and main engines have been designed to take larger-diameter propellers and energy-saving devices around the propellers, which the company said improves overall energy efficiency.
Dorian LPG said the Panamax dimensions give its charterers commercial flexibility to transit the old Panama Canal locks.
#three #fuel #south
The three ships are scheduled for delivery in June, September and December 2030.
Each VLGC will be fitted with dual-fuel engines capable of burning liquefied petroleum gas (LPG) or conventional low-sulphur fuels. They will also feature a shaft generator system that allows power to be produced on board during sea passages.
Hull forms and main engines have been designed to take larger-diameter propellers and energy-saving devices around the propellers, which the company said improves overall energy efficiency.
Dorian LPG said the Panamax dimensions give its charterers commercial flexibility to transit the old Panama Canal locks.
#three #fuel #south
2 months ago
Stablecoins were supposed to route around the banking system. Instead, the companies scaling them are building deeper into it than anyone predicted.
Stripe paid $1.1 billion for Bridge, whose core product is orchestrating banks. Citi is launching crypto custody. Standard Chartered is testing stablecoin settlement in Singapore. One by one, the operators moving institutional volume keep landing on the same architecture.
An enterprise cross-border payment has three legs. The payer's money moves in local currency over local rails—a Brazilian importer paying in BRL via Pix. The payee receives local currency on their end—the supplier collecting dollars in their account.
Between them sits the middle leg: getting value across the border from one institution to the other. That leg used to run through correspondent banking, SWIFT messages hopping between intermediary banks, each holding accounts with the next, each adding a day and a fee. When both institutions accept a stablecoin, that leg settles on-chain in seconds. Banks still own the other two.
Citi to Launch Bitcoin Custody as Wall Street Pushes Deeper Into Crypto
#banking #stablecoin
Stripe paid $1.1 billion for Bridge, whose core product is orchestrating banks. Citi is launching crypto custody. Standard Chartered is testing stablecoin settlement in Singapore. One by one, the operators moving institutional volume keep landing on the same architecture.
An enterprise cross-border payment has three legs. The payer's money moves in local currency over local rails—a Brazilian importer paying in BRL via Pix. The payee receives local currency on their end—the supplier collecting dollars in their account.
Between them sits the middle leg: getting value across the border from one institution to the other. That leg used to run through correspondent banking, SWIFT messages hopping between intermediary banks, each holding accounts with the next, each adding a day and a fee. When both institutions accept a stablecoin, that leg settles on-chain in seconds. Banks still own the other two.
Citi to Launch Bitcoin Custody as Wall Street Pushes Deeper Into Crypto
#banking #stablecoin
2 months ago
Johnston Carmichael, a UK-based independent accountancy and business advisory business, has bolstered its leadership team with four new appointments.
Tamsyn Weston joined the company as chief technology officer in Edinburgh. She will lead the company strategy across IT, cybersecurity, digital development, AI and automation.
Weston has more than 20 years of experience in technology, transformation and cybersecurity roles in regulated environments. Her role will focus in part on the responsible use of emerging technology to support the company's growth.
In Glasgow, Deborah Ramsay has joined as an audit partner.
Ramsay is a chartered accountant and has held Responsible Individual status since 2020. She brings more than 20 years of audit experience, including a background at a 'Big Four' company.
#ramsay #business
Tamsyn Weston joined the company as chief technology officer in Edinburgh. She will lead the company strategy across IT, cybersecurity, digital development, AI and automation.
Weston has more than 20 years of experience in technology, transformation and cybersecurity roles in regulated environments. Her role will focus in part on the responsible use of emerging technology to support the company's growth.
In Glasgow, Deborah Ramsay has joined as an audit partner.
Ramsay is a chartered accountant and has held Responsible Individual status since 2020. She brings more than 20 years of audit experience, including a background at a 'Big Four' company.
#ramsay #business
2 months ago
Meyer Shank Racing has confirmed that Mick Schumacher will join the team for the 2027 IndyCar season. After Indianapolis 500 champion Felix Rosenqvist left MSR for Arrow McLaren, MSR has decided that Schumacher will be his replacement.
Schumacher is out the door at Rahal Letterman Lanigan Racing after RLL agreed to sell one of its three charters to Dreyer & Reinbold Racing ahead of the 2027 season. With Graham Rahal and Louis Foster already under contract at RLL, Schumacher was the odd man out after just one season with the team. Now he'll become Marcus Armstrong's teammate at MSR.
"I'm super excited to be working with everyone at Meyer Shank Racing and really excited to be joining such an ambitious team," Schumacher said in a news release. "It's going to be a special journey to start working with MSR. I am looking forward to what more I can learn from the team. They've had some really great success, and of course, going to an Indy 500-winning team is awesome.
"It will be great to start meeting everyone on the team and working with MSR's partners. I'm really just excited to begin working toward 2027 together and really start thinking about how we can create a great partnership together."
Schumacher will pilot MSR's No. 66 Honda, which Armstrong has driven for the past two years. When Armstrong signed a multiyear extension with the team in July, MSR announced that he'd switch to Rosenqvist's car, the No. 60 Honda.
#racing #start
Schumacher is out the door at Rahal Letterman Lanigan Racing after RLL agreed to sell one of its three charters to Dreyer & Reinbold Racing ahead of the 2027 season. With Graham Rahal and Louis Foster already under contract at RLL, Schumacher was the odd man out after just one season with the team. Now he'll become Marcus Armstrong's teammate at MSR.
"I'm super excited to be working with everyone at Meyer Shank Racing and really excited to be joining such an ambitious team," Schumacher said in a news release. "It's going to be a special journey to start working with MSR. I am looking forward to what more I can learn from the team. They've had some really great success, and of course, going to an Indy 500-winning team is awesome.
"It will be great to start meeting everyone on the team and working with MSR's partners. I'm really just excited to begin working toward 2027 together and really start thinking about how we can create a great partnership together."
Schumacher will pilot MSR's No. 66 Honda, which Armstrong has driven for the past two years. When Armstrong signed a multiyear extension with the team in July, MSR announced that he'd switch to Rosenqvist's car, the No. 60 Honda.
#racing #start