1 day ago
Florida vs. Georgia game location 2026: Why ****** tail Party is being played in Atlanta originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
One of college football's most heated rivalries between the Florida Gators and Georgia Bulldogs will be played for a 104th time. But this year the annual SEC showdown will be played in a different location than usual.
The game, which had been unofficially known as the "World's Largest Outdoor ****** tail Party" since the 1950s, is usually held in Jacksonville, Fla. But for 2026, the game will be held in Mercedes-Benz Stadium in Atlanta, Ga.
In 2027, the game will be held in Tampa, Fla.
Here's a look at why the location of the game moved, and when it could return to its usual host city.
#held #cocktail
One of college football's most heated rivalries between the Florida Gators and Georgia Bulldogs will be played for a 104th time. But this year the annual SEC showdown will be played in a different location than usual.
The game, which had been unofficially known as the "World's Largest Outdoor ****** tail Party" since the 1950s, is usually held in Jacksonville, Fla. But for 2026, the game will be held in Mercedes-Benz Stadium in Atlanta, Ga.
In 2027, the game will be held in Tampa, Fla.
Here's a look at why the location of the game moved, and when it could return to its usual host city.
#held #cocktail
1 day ago
After an action-packed slate of captivating events, ONE Championship is closing the month with an absolute banger of a card.
The world's largest martial arts organization will broadcast The Inner Circle 36 and ONE Friday Fights 176 live in Asia primetime from Bangkok's Lumpinee Stadium this Friday, October 30.
In the headline attraction of The Inner Circle 36, former ONE Atomweight Muay Thai World ****** le challenger Numsurin Chor Ketwina will welcome former three-time ISKA Kickboxing World Champion Akram Hamidi to the division.
Then later, in the main event of ONE Friday Fights 176, Khunsuk T1 Fight Academy and YodUdon K Tongtalingchan will collide in an atomweight Muay Thai showdown of their own.
Plus, over two dozen Muay Thai, kickboxing, and MMA competitors will battle for a chance to earn a life-changing US$100,000 contract and coveted spot on ONE Championship's global roster.
#Friday #fights #World
The world's largest martial arts organization will broadcast The Inner Circle 36 and ONE Friday Fights 176 live in Asia primetime from Bangkok's Lumpinee Stadium this Friday, October 30.
In the headline attraction of The Inner Circle 36, former ONE Atomweight Muay Thai World ****** le challenger Numsurin Chor Ketwina will welcome former three-time ISKA Kickboxing World Champion Akram Hamidi to the division.
Then later, in the main event of ONE Friday Fights 176, Khunsuk T1 Fight Academy and YodUdon K Tongtalingchan will collide in an atomweight Muay Thai showdown of their own.
Plus, over two dozen Muay Thai, kickboxing, and MMA competitors will battle for a chance to earn a life-changing US$100,000 contract and coveted spot on ONE Championship's global roster.
#Friday #fights #World
5 days ago
In a housing market where affordability is increasingly out of reach for many buyers, Vic Bulbon is looking at a type of property that's becoming less expensive: condominiums.
With national home prices near record highs and mortgage rates topping 7% in recent weeks, buying a home remains out of reach for many Americans. Condos appear to offer a rare bright spot, with prices falling across the country.
But even with cheaper sales prices, rising homeowners' **** ociation (HOA) fees and one-time special **** sments are driving up ownership costs.
Now, guidelines released this year by Fannie Mae and Freddie Mac, the government-sponsored agencies that back nearly half of all US home purchases, aim to reduce the financial and structural risks of condo buildings. Real estate agents told CNN that the changes could add pressure to the condo market by further driving up HOA fees, increasing the total monthly bill for condo owners, and potentially eroding the savings of a lower purchase price.
As of mid-October, condo sales prices lagged behind single-family home prices in 99 of the 100 largest markets in the United States, according to data from financial services company Intercontinental Exchange provided to CNN. Nationally, single-family home prices rose 1.5% from a year earlier, while condo prices fell 1.1%.
#prices #home #sales #year
With national home prices near record highs and mortgage rates topping 7% in recent weeks, buying a home remains out of reach for many Americans. Condos appear to offer a rare bright spot, with prices falling across the country.
But even with cheaper sales prices, rising homeowners' **** ociation (HOA) fees and one-time special **** sments are driving up ownership costs.
Now, guidelines released this year by Fannie Mae and Freddie Mac, the government-sponsored agencies that back nearly half of all US home purchases, aim to reduce the financial and structural risks of condo buildings. Real estate agents told CNN that the changes could add pressure to the condo market by further driving up HOA fees, increasing the total monthly bill for condo owners, and potentially eroding the savings of a lower purchase price.
As of mid-October, condo sales prices lagged behind single-family home prices in 99 of the 100 largest markets in the United States, according to data from financial services company Intercontinental Exchange provided to CNN. Nationally, single-family home prices rose 1.5% from a year earlier, while condo prices fell 1.1%.
#prices #home #sales #year
5 days ago
With the federal budget deficit at $2 trillion and debt-interest costs topping $1 trillion a year, it may be tempting to look for extra cash under the sofa cushions.
Urgency has grown in recent months as Treasury yields have soared to the highest levels in more than 20 years, putting more pressure on interest expenses.
The Treasury Department has tried some unconventional measures recently to take the heat off yields, including buybacks of more long-dated debt and its intervention to prop up the yen that let ***** an avoid selling its Treasuries.
Given such surprises, speculation has grown around even more far-out tactics. One idea that comes up from time to time is for the Treasury Department to price its immense gold holdings at market rates.
The U.S. has the world's largest gold reserves, which total about 261.5 million ounces, or more than double what No. 2 holder Germany has. But the U.S. ***** d's official price was set by Congress in 1973 at $42.22 per ounce, and it hasn't changed since.
#trillion #interest
Urgency has grown in recent months as Treasury yields have soared to the highest levels in more than 20 years, putting more pressure on interest expenses.
The Treasury Department has tried some unconventional measures recently to take the heat off yields, including buybacks of more long-dated debt and its intervention to prop up the yen that let ***** an avoid selling its Treasuries.
Given such surprises, speculation has grown around even more far-out tactics. One idea that comes up from time to time is for the Treasury Department to price its immense gold holdings at market rates.
The U.S. has the world's largest gold reserves, which total about 261.5 million ounces, or more than double what No. 2 holder Germany has. But the U.S. ***** d's official price was set by Congress in 1973 at $42.22 per ounce, and it hasn't changed since.
#trillion #interest
5 days ago
Disney's 2006 all-stock Pixar deal gave Jobs about 138 million DIS shares worth $3.5 billion, outpacing his AAPL stake by more than 4 times.
Apple stock rose about 4 times from its 2006 level while Disney gained just 1.23 times, narrowing the gap between Jobs's two largest holdings by 2011.
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Steve Jobs lost his place at Apple (NASDAQ:AAPL) in 1985. What he did next ended up tying his fortune to Disney (NYSE:DIS) as much as to the company he co-founded.
#times #Apple
Apple stock rose about 4 times from its 2006 level while Disney gained just 1.23 times, narrowing the gap between Jobs's two largest holdings by 2011.
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Steve Jobs lost his place at Apple (NASDAQ:AAPL) in 1985. What he did next ended up tying his fortune to Disney (NYSE:DIS) as much as to the company he co-founded.
#times #Apple
12 days ago
It was everything the Houston Cougars envisioned when they joined the Big 12.
A ranked matchup, the program's first at TDECU Stadium since 2015. A sellout crowd of 42,544. And most importantly, a statement victory to catapult the Cougars further into the national conversation.
In front of the fourth-largest crowd in TDECU Stadium history, No. 20 Houston outlasted No. 18 Oklahoma State in an offensive shootout, earning its fourth consecutive victory and securing bowl eligibility with a 35-32 win.
"I really felt like we had a homefield advantage," Houston head coach Willie Fritz said. "They were loud and the student section I thought was outstanding. I appreciate everybody coming out and hopefully you saw what UH football is all about and also the experience here."
Houston never trailed after the first quarter, largely thanks to quarterback Conner Weigman. The rising Heisman candidate delivered arguably his finest performance in his five years of college football, bouncing back from an interception on the opening drive to throw for career-highs of 343 yards and five touchdowns. He completed 72.7 percent of attempts while consistently solving every puzzle the Oklahoma State defense threw at him.
#houston #stadium #victory #fourth
A ranked matchup, the program's first at TDECU Stadium since 2015. A sellout crowd of 42,544. And most importantly, a statement victory to catapult the Cougars further into the national conversation.
In front of the fourth-largest crowd in TDECU Stadium history, No. 20 Houston outlasted No. 18 Oklahoma State in an offensive shootout, earning its fourth consecutive victory and securing bowl eligibility with a 35-32 win.
"I really felt like we had a homefield advantage," Houston head coach Willie Fritz said. "They were loud and the student section I thought was outstanding. I appreciate everybody coming out and hopefully you saw what UH football is all about and also the experience here."
Houston never trailed after the first quarter, largely thanks to quarterback Conner Weigman. The rising Heisman candidate delivered arguably his finest performance in his five years of college football, bouncing back from an interception on the opening drive to throw for career-highs of 343 yards and five touchdowns. He completed 72.7 percent of attempts while consistently solving every puzzle the Oklahoma State defense threw at him.
#houston #stadium #victory #fourth
24 days ago
Eric Trump thinks artificial intelligence, not a crypto-specific trend, will drive the next phase of digital ****** et growth.
Trump was speaking at the Token2049 conference in Singapore on Oct. 7. "The thing that's going to spawn the growth of digital ****** ets by far the quickest is actually the AI trade," he said.
TOKEN2049 bills itself as the world's largest crypto event. The two-day Singapore edition runs October 7 and 8 at Marina Bay Sands, with more than 300 speakers and 500 exhibitors listed on its official site.
Eric Trump, a son of President Donald Trump, co-founded World Liberty Financial. It is a Trump family-linked crypto project that issues USD1, a dollar-backed stablecoin.
A stablecoin is a crypto token built to hold a steady $1 value. He is also co-founder and chief strategy officer of American Bitcoin, a Nasdaq-listed company that mines Bitcoin and holds it as a reserve ****** et.
#Trump #Crypto #token2049 #Growth
Trump was speaking at the Token2049 conference in Singapore on Oct. 7. "The thing that's going to spawn the growth of digital ****** ets by far the quickest is actually the AI trade," he said.
TOKEN2049 bills itself as the world's largest crypto event. The two-day Singapore edition runs October 7 and 8 at Marina Bay Sands, with more than 300 speakers and 500 exhibitors listed on its official site.
Eric Trump, a son of President Donald Trump, co-founded World Liberty Financial. It is a Trump family-linked crypto project that issues USD1, a dollar-backed stablecoin.
A stablecoin is a crypto token built to hold a steady $1 value. He is also co-founder and chief strategy officer of American Bitcoin, a Nasdaq-listed company that mines Bitcoin and holds it as a reserve ****** et.
#Trump #Crypto #token2049 #Growth
24 days ago
It's common for new investors to want to hit home runs in their first at-bats. That situation is arguably amplified at a time when major equity indexes are regularly hitting record highs.
With glamorous, high-octane growth stocks leading the charge, some market participants may be losing sight of the value of the singles-and-doubles approach to dividend investing. Those investors shouldn't ignore history. Though the percentage trended lower over the past decade due to the prominence of low-yield and non-dividend tech darlings, dividends accounted for about a third of the S&P 500's total returns over the past century.
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 »
Most investors don't think in 100-year increments, and that's understandable, but when it comes to dividend investing, history and long-term perspectives matter. And the Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) is a prime example of a dividend exchange-traded fund (ETF) with a compelling history for long-term investors.
Locked in a seemingly daily battle with the Vanguard Dividend Appreciation ETF for the ******* le of the largest dividend ETF, the $108 billion Schwab fund has a nearly unmatched track record. Two weeks shy of its 15th birthday, this ETF, which tracks the Dow Jones U.S. Dividend 100 Index, has returned 532% since its launch.
#investors
With glamorous, high-octane growth stocks leading the charge, some market participants may be losing sight of the value of the singles-and-doubles approach to dividend investing. Those investors shouldn't ignore history. Though the percentage trended lower over the past decade due to the prominence of low-yield and non-dividend tech darlings, dividends accounted for about a third of the S&P 500's total returns over the past century.
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 »
Most investors don't think in 100-year increments, and that's understandable, but when it comes to dividend investing, history and long-term perspectives matter. And the Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) is a prime example of a dividend exchange-traded fund (ETF) with a compelling history for long-term investors.
Locked in a seemingly daily battle with the Vanguard Dividend Appreciation ETF for the ******* le of the largest dividend ETF, the $108 billion Schwab fund has a nearly unmatched track record. Two weeks shy of its 15th birthday, this ETF, which tracks the Dow Jones U.S. Dividend 100 Index, has returned 532% since its launch.
#investors
24 days ago
Lots of investors keep coming back to dividend stocks for a pretty simple reason: While the market is often busy chasing whatever happens to be hot that week, a growing dividend is something a company actually has to earn. It has to generate the cash to keep paying investors quarter after quarter, year after year.
That makes dividends especially appealing when the market and the economy feel like they're being pulled in every direction. A company can dress up a press release, but it can't fake the cash sitting in its bank account. When it comes time to pay a dividend, the money is either there or it isn't.
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 »
What interests me most, though, aren't necessarily the big, well-known dividend payers. I'm more interested in the companies flying under the radar that have increased their payouts for decades while also making meaningful changes to their underlying businesses today. These four companies fit that description.
Universal (NYSE: UVV) is the highest yielder here, paying out around 7.4% at recent prices, and it has raised its dividend for 56 consecutive years. This raise makes it a Dividend King, a company that has delivered 50 or more years of annual dividend increases. Universal isn't a cigarette maker, but it is the world's largest leaf tobacco exporter and importer. It supplies tobacco companies rather than selling to smokers directly, which is why it rarely shows up in articles about tobacco stocks.
#market
That makes dividends especially appealing when the market and the economy feel like they're being pulled in every direction. A company can dress up a press release, but it can't fake the cash sitting in its bank account. When it comes time to pay a dividend, the money is either there or it isn't.
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 »
What interests me most, though, aren't necessarily the big, well-known dividend payers. I'm more interested in the companies flying under the radar that have increased their payouts for decades while also making meaningful changes to their underlying businesses today. These four companies fit that description.
Universal (NYSE: UVV) is the highest yielder here, paying out around 7.4% at recent prices, and it has raised its dividend for 56 consecutive years. This raise makes it a Dividend King, a company that has delivered 50 or more years of annual dividend increases. Universal isn't a cigarette maker, but it is the world's largest leaf tobacco exporter and importer. It supplies tobacco companies rather than selling to smokers directly, which is why it rarely shows up in articles about tobacco stocks.
#market
24 days ago
Michael Jackson's estate reported about $20 million in benefits for his three children and his mother during 2024, according to an annual accounting obtained by TMZ.
The filing, submitted by executor John Branca, details spending for Prince Jackson, Paris Jackson, Bigi Jackson and Katherine Jackson, including bills paid on their behalf.
Prince's approximately $4.9 million tax bill accounted for most of his reported benefits.
Katherine's entries included $145 at Cordie Cakes, $242 for balloons and $400 for cleaning services.
Prince had the largest reported benefits total at approximately $6.4 million. Payments connected to a Chevron gas card were also listed among his expenses.
#million #prince #approximately
The filing, submitted by executor John Branca, details spending for Prince Jackson, Paris Jackson, Bigi Jackson and Katherine Jackson, including bills paid on their behalf.
Prince's approximately $4.9 million tax bill accounted for most of his reported benefits.
Katherine's entries included $145 at Cordie Cakes, $242 for balloons and $400 for cleaning services.
Prince had the largest reported benefits total at approximately $6.4 million. Payments connected to a Chevron gas card were also listed among his expenses.
#million #prince #approximately
24 days ago
XOM has raised its dividend for 43 straight years, while CVX yields 3.45% with Hess acquisition synergies running 50% above initial targets.
EPD's distributable cash flow covered its 6% distribution 1.9x last quarter, with a trailing payout ratio of just 56% on adjusted cash flow.
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Energy has a reputation for boom and bust, yet the sector's largest companies have turned volatile commodities into some of the market's most reliable income. Exxon Mobil (NYSE:XOM) alone has grown its annual dividend per share for 43 consecutive years. The four large caps below split into two integrated oil majors and two midstream toll-road operators. Each pairs a well-covered payout with strong cash generation, making them natural candidates for a long-term income portfolio.
At a recent price of $163.83, Exxon's annualized forward dividend of $4.12 per share works out to a 2.51% yield. The quarterly payout is $1.03, up from $0.99 after a 4% raise late last year.
#income
EPD's distributable cash flow covered its 6% distribution 1.9x last quarter, with a trailing payout ratio of just 56% on adjusted cash flow.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
Energy has a reputation for boom and bust, yet the sector's largest companies have turned volatile commodities into some of the market's most reliable income. Exxon Mobil (NYSE:XOM) alone has grown its annual dividend per share for 43 consecutive years. The four large caps below split into two integrated oil majors and two midstream toll-road operators. Each pairs a well-covered payout with strong cash generation, making them natural candidates for a long-term income portfolio.
At a recent price of $163.83, Exxon's annualized forward dividend of $4.12 per share works out to a 2.51% yield. The quarterly payout is $1.03, up from $0.99 after a 4% raise late last year.
#income
24 days ago
The S&P 500 hit a record Tuesday as it rose for a fourth straight day, supported by rising technology stocks, hopes for a positive earnings season and a pause in oil’s recent surge.
The broad-based index closed higher by 0.58%, its first record closing high since Aug. 13. The Nasdaq Composite also jumped 0.45%. It also hit a record high for the second time this week.
The S&P 500 and the Nasdaq’s gains were overwhelmingly powered by gains in tech companies, such as chipmakers Marvell and Broadcom.
Nvidia, the world’s largest public company, also rose and moved closer to becoming the first company to ever reach $6 trillion in market value. Other trillion-dollar tech stocks also rose Tuesday. Microsoft, Amazon, **** eX, Meta Platforms and Tesla shares all traded in the green.
Investors are also looking forward to the start of the third quarter’s earnings season, which begins in earnest next week with the country’s biggest banks reporting their results.
#rose
The broad-based index closed higher by 0.58%, its first record closing high since Aug. 13. The Nasdaq Composite also jumped 0.45%. It also hit a record high for the second time this week.
The S&P 500 and the Nasdaq’s gains were overwhelmingly powered by gains in tech companies, such as chipmakers Marvell and Broadcom.
Nvidia, the world’s largest public company, also rose and moved closer to becoming the first company to ever reach $6 trillion in market value. Other trillion-dollar tech stocks also rose Tuesday. Microsoft, Amazon, **** eX, Meta Platforms and Tesla shares all traded in the green.
Investors are also looking forward to the start of the third quarter’s earnings season, which begins in earnest next week with the country’s biggest banks reporting their results.
#rose
25 days ago
Exchanges liquidated $403.58 million in leveraged crypto longs within one hour as Bitcoin (BTC) slid to about $83,800. That equals about 0.27% of open interest, the total value of unsettled futures contracts.
Longs made up 97% of the $415.33 million total, so the flush hit one side of the market. However, it cleared only a small fraction of the leverage still outstanding.
The selling arrived in one burst. CoinGlass, a derivatives data tracker, logged 98% of the $412.99 million in four-hour long liquidations inside the final hour.
Over 24 hours, longs made up $487.02 million of $554.76 million in liquidations. That hour alone holds about 83% of the day's long total.
By comparison, the 10th-largest event on CoinGlass's all-time list reached $2.77 billion, about five times the 24-hour total.
#however
Longs made up 97% of the $415.33 million total, so the flush hit one side of the market. However, it cleared only a small fraction of the leverage still outstanding.
The selling arrived in one burst. CoinGlass, a derivatives data tracker, logged 98% of the $412.99 million in four-hour long liquidations inside the final hour.
Over 24 hours, longs made up $487.02 million of $554.76 million in liquidations. That hour alone holds about 83% of the day's long total.
By comparison, the 10th-largest event on CoinGlass's all-time list reached $2.77 billion, about five times the 24-hour total.
#however
25 days ago
Energy Transfer (NYSE: ET) is one of the largest U.S.-listed master limited partnerships (MLPs) specializing in the ownership of pipelines and other midstream energy ***** ets. Based on current prices, Energy Transfer has a forward distribution yield of 6.64%.
In other words, add up its quarterly cash distributions and divide by the current stock price, and you'll get approximately this figure. Considering this, let's run the numbers and see how many shares of this pipeline stock you'd need to own in order to earn $250 monthly.
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 »
Considering the complexities of MLPs and taxation, we will focus on a gross dividend income of $250 per month from an Energy Transfer position, for purposes of our calculation. A monthly payout of $250 comes out to $3,000 per year. Energy Transfer pays $1.36 per share in annual distributions.
Divide $3,000 by $1.36, and you get 2,205 shares, worth around $45,136 based on Energy Transfer's current stock price. From this position, you'd generate around $2,998.80 in dividend income annually, or just under $250 per month.
#transfer #mlps #considering
In other words, add up its quarterly cash distributions and divide by the current stock price, and you'll get approximately this figure. Considering this, let's run the numbers and see how many shares of this pipeline stock you'd need to own in order to earn $250 monthly.
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 »
Considering the complexities of MLPs and taxation, we will focus on a gross dividend income of $250 per month from an Energy Transfer position, for purposes of our calculation. A monthly payout of $250 comes out to $3,000 per year. Energy Transfer pays $1.36 per share in annual distributions.
Divide $3,000 by $1.36, and you get 2,205 shares, worth around $45,136 based on Energy Transfer's current stock price. From this position, you'd generate around $2,998.80 in dividend income annually, or just under $250 per month.
#transfer #mlps #considering
25 days ago
Tens of thousands of demonstrators took to the streets across France on Tuesday, as unions and teachers joined high school students who for days have been demanding better learning conditions in protests punctuated by violent confrontations.
Students have blocked the entrances to hundreds of high schools for 15- to 17-year-olds since late September, complaining of missing teachers, overloaded timetables, dilapidated classrooms and buildings that cannot cope with rising temperatures.
Unions, rights groups and the children have accused the authorities of using disproportionate force -- a police stun grenade tore the hand off one teenager on Monday and another youngster had his teeth knocked out last week after police fired a grenade launcher at his head.
"I'm afraid for my future," Selma, 15, told AFP without giving her surname, among the thousands marching in the country's second largest city of Marseille.
The unrest has erupted with just months to go before the 2027 election to choose a successor to centrist President Emmanuel Macron, with far-right veteran candidate Marine Le Pen riding high in the polls despite a graft conviction.
#students #teachers #tens
Students have blocked the entrances to hundreds of high schools for 15- to 17-year-olds since late September, complaining of missing teachers, overloaded timetables, dilapidated classrooms and buildings that cannot cope with rising temperatures.
Unions, rights groups and the children have accused the authorities of using disproportionate force -- a police stun grenade tore the hand off one teenager on Monday and another youngster had his teeth knocked out last week after police fired a grenade launcher at his head.
"I'm afraid for my future," Selma, 15, told AFP without giving her surname, among the thousands marching in the country's second largest city of Marseille.
The unrest has erupted with just months to go before the 2027 election to choose a successor to centrist President Emmanuel Macron, with far-right veteran candidate Marine Le Pen riding high in the polls despite a graft conviction.
#students #teachers #tens
25 days ago
Christina Zhu, the head of Walmart's China business, remembers when Chinese shoppers did not have much choice.
As a child, she watched her parents wake up at 4:30 a.m. on Sundays to go to the wet market. "They had to haggle, and high-quality produce wasn't always guaranteed," Zhu, born in 1973, recalled at the Fortune Leaders Forum in Macau in September.
Today, Chinese shoppers are "probably the group with the most choices [in the world]," and they have become "the most demanding customers," she said.
Meeting those rising expectations has become the defining challenge for retailers in China, and Walmart has managed it better than most. It entered China in 1996 with a Supercenter and a Sam's Club in Shenzhen. Three decades later, the U.S. retailer is thriving in the world's second-largest economy even as other foreign brands struggle.
China represents 3% of Walmart's overall business, but it is growing, generating $24.6 billion in sales in its past fiscal year, a 19.3% jump. Sales grew 20.7% last quarter, faster than the 5.9% reported by the company as a whole.
#China
As a child, she watched her parents wake up at 4:30 a.m. on Sundays to go to the wet market. "They had to haggle, and high-quality produce wasn't always guaranteed," Zhu, born in 1973, recalled at the Fortune Leaders Forum in Macau in September.
Today, Chinese shoppers are "probably the group with the most choices [in the world]," and they have become "the most demanding customers," she said.
Meeting those rising expectations has become the defining challenge for retailers in China, and Walmart has managed it better than most. It entered China in 1996 with a Supercenter and a Sam's Club in Shenzhen. Three decades later, the U.S. retailer is thriving in the world's second-largest economy even as other foreign brands struggle.
China represents 3% of Walmart's overall business, but it is growing, generating $24.6 billion in sales in its past fiscal year, a 19.3% jump. Sales grew 20.7% last quarter, faster than the 5.9% reported by the company as a whole.
#China
25 days ago
The bigger, the better? Some investors could think so when it comes to S&P 500 (SNPINDEX: ^GSPC) index funds.
The Vanguard S&P 500 ETF (NYSEMKT: VOO) ranks as the largest exchange-traded fund (ETF) by ***** ets under management (AUM). This low-cost ETF has earned its popularity with investors through the years. But is it still the best S&P 500 ETF you can own?
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 »
Two other S&P 500 funds are breathing down the Vanguard S&P 500 ETF's neck in the AUM ranking -- the iShares Core S&P 500 ETF (NYSEMKT: IVV) and the State Street SPDR S&P 500 ETF (NYSEMKT: SPY). The State Street SPDR Portfolio S&P 500 ETF (NYSEMKT: SPYM) isn't too far behind. Each of these ETFs is a strong contender and gives Vanguard's fund a real run for its money.
These funds share much in common. They all seek to track the performance of the S&P 500 index and own the same large-cap stocks. Their returns are, unsurprisingly, nearly identical.
#nysemkt
The Vanguard S&P 500 ETF (NYSEMKT: VOO) ranks as the largest exchange-traded fund (ETF) by ***** ets under management (AUM). This low-cost ETF has earned its popularity with investors through the years. But is it still the best S&P 500 ETF you can own?
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 »
Two other S&P 500 funds are breathing down the Vanguard S&P 500 ETF's neck in the AUM ranking -- the iShares Core S&P 500 ETF (NYSEMKT: IVV) and the State Street SPDR S&P 500 ETF (NYSEMKT: SPY). The State Street SPDR Portfolio S&P 500 ETF (NYSEMKT: SPYM) isn't too far behind. Each of these ETFs is a strong contender and gives Vanguard's fund a real run for its money.
These funds share much in common. They all seek to track the performance of the S&P 500 index and own the same large-cap stocks. Their returns are, unsurprisingly, nearly identical.
#nysemkt
25 days ago
It's been a year of historic change on Wall Street. We've witnessed the Oracle of Omaha, Warren Buffett, retire as CEO of Berkshire Hathaway (NYSE:BRKA)(NYSE:BRKB), stood in awe at the largest-ever initial public offering, and watched the Dow Jones Industrial Average (DJINDICES:^DJI), S&P 500 (SNPINDEX:^GSPC), and Nasdaq Composite (NASDAQINDEX:^IXIC) launch to several record highs.
But the biggest change of all has been the swearing in of a new Fed chair. On May 22, President Donald Trump's handpicked successor to Jerome Powell, Kevin Warsh, became only the 17th head of the central bank.
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: Official White House Photo by Daniel Torok.
President Trump expected Warsh to guide the Federal Open Market Committee (FOMC) to lower interest rates, but in September, the exact opposite occurred: the FOMC kicked off only its fourth rate-hiking cycle of the 21st century. Now, Donald Trump is throwing his new Fed chair, along with the FOMC, under the bus over interest rates.
#only #NYSE #president #warsh
But the biggest change of all has been the swearing in of a new Fed chair. On May 22, President Donald Trump's handpicked successor to Jerome Powell, Kevin Warsh, became only the 17th head of the central bank.
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: Official White House Photo by Daniel Torok.
President Trump expected Warsh to guide the Federal Open Market Committee (FOMC) to lower interest rates, but in September, the exact opposite occurred: the FOMC kicked off only its fourth rate-hiking cycle of the 21st century. Now, Donald Trump is throwing his new Fed chair, along with the FOMC, under the bus over interest rates.
#only #NYSE #president #warsh
26 days ago
Joe Evermore's 7-year-old son climbed El Capitan in Yosemite National Park, making him the youngest person to ever accomplish such a feat
But in posts celebrating the achievement, many in the comments take issue with the risk involved in taking on such a climb with young children
"There's a lot of bullying that goes on online," Joe tells PEOPLE in an interview
Joe Evermore knows not everyone agrees with his parenting style.
He and his wife, Ann, have made a name for themselves online for sharing their family's impressive climbs — including El Capitan in Yosemite National Park, the largest granite cliff in the world, which their 7-year-old son completed in May, making him the youngest person to ever accomplish such a feat. But in posts celebrating the achievement, many in the comments take issue with the risk involved in taking on such a climb with young children.
#capitan
But in posts celebrating the achievement, many in the comments take issue with the risk involved in taking on such a climb with young children
"There's a lot of bullying that goes on online," Joe tells PEOPLE in an interview
Joe Evermore knows not everyone agrees with his parenting style.
He and his wife, Ann, have made a name for themselves online for sharing their family's impressive climbs — including El Capitan in Yosemite National Park, the largest granite cliff in the world, which their 7-year-old son completed in May, making him the youngest person to ever accomplish such a feat. But in posts celebrating the achievement, many in the comments take issue with the risk involved in taking on such a climb with young children.
#capitan
28 days ago
President Donald Trump on Thursday said he is following the upcoming Brazilian election “very closely,” referring to Brazil as a “very important" country. "The people of Brazil are fantastic people,” he told reporters outside the White House. “It’s a very important election.”
The U.S. State Department later announced the suspension of its consular services in Brazil ahead of the election taking place on Sunday, citing unspecified security concerns. “U.S. citizens seeking emergency ****** istance during this time should not come to the Embassy, the Consulates, or other U.S. diplomatic facilities,” the security alert advised.
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Brazilians are heading to the polls for a set of federal elections spanning congressional and gubernatorial races, alongside the first round of the presidential election votes. It’s set to be a decisive moment for Latin America’s largest nation, as the region has seen a shift toward the right in recent years. An Oct. 25 runoff is expected, as polls show a tight contest between leftist President Luiz Inácio Lula da Silva and far-right Sen. Flávio Bolsonaro, the son of former President Jair Bolsonaro, who was convicted last year for plotting a coup to overturn his 2022 election loss. Trump led the conservative voices denouncing the conviction, referring to the trial as a “witch hunt.”
While Trump has acknowledged his active interest as Brazil votes on its political future, there are concerns he could be too involved. Trump and his Administration have been accused of attempting to interfere with the high-stakes overseas election.
#Brazil #important #people
The U.S. State Department later announced the suspension of its consular services in Brazil ahead of the election taking place on Sunday, citing unspecified security concerns. “U.S. citizens seeking emergency ****** istance during this time should not come to the Embassy, the Consulates, or other U.S. diplomatic facilities,” the security alert advised.
Recommended Stories
Brazilians are heading to the polls for a set of federal elections spanning congressional and gubernatorial races, alongside the first round of the presidential election votes. It’s set to be a decisive moment for Latin America’s largest nation, as the region has seen a shift toward the right in recent years. An Oct. 25 runoff is expected, as polls show a tight contest between leftist President Luiz Inácio Lula da Silva and far-right Sen. Flávio Bolsonaro, the son of former President Jair Bolsonaro, who was convicted last year for plotting a coup to overturn his 2022 election loss. Trump led the conservative voices denouncing the conviction, referring to the trial as a “witch hunt.”
While Trump has acknowledged his active interest as Brazil votes on its political future, there are concerns he could be too involved. Trump and his Administration have been accused of attempting to interfere with the high-stakes overseas election.
#Brazil #important #people
1 month ago
Long Island mansion Oheka Castle will be sold to the highest bidder after its owner filed Chapter 11 bankruptcy
Taylor Swift filmed her "Blank ****** e" music video at the estate, riding horses through its formal gardens
Kevin Jonas, Joey Fatone, Curtis Martin and Megyn Kelly each celebrated weddings at the historic venue
America's second largest private residence, Oheka Castle, is heading to the auction block this October.
Completed in 1919, the Gilded Age residence was built by financier Otto Hermann Kahn to be used as a summer home. In the years since, the 109,000-square-foot, 127-room estate has become a wedding destination for celebrities. Kahn's own daughter, socialite Maud, became the castle's first bride when she walked down the aisle on June 15, 1920, according the castle's official website.
#oheka #long #island #chapter
Taylor Swift filmed her "Blank ****** e" music video at the estate, riding horses through its formal gardens
Kevin Jonas, Joey Fatone, Curtis Martin and Megyn Kelly each celebrated weddings at the historic venue
America's second largest private residence, Oheka Castle, is heading to the auction block this October.
Completed in 1919, the Gilded Age residence was built by financier Otto Hermann Kahn to be used as a summer home. In the years since, the 109,000-square-foot, 127-room estate has become a wedding destination for celebrities. Kahn's own daughter, socialite Maud, became the castle's first bride when she walked down the aisle on June 15, 1920, according the castle's official website.
#oheka #long #island #chapter
1 month ago
The Council on American-Islamic Relations (CAIR), antifa and the Muslim Brotherhood will be labeled domestic terrorist organizations under a new state law, after Florida leaders OK'd the designations at their Sept. 29 meeting.
These designations were in a 427-page packet submitted by the Florida Department of Law Enforcement for approval by Gov. Ron DeSantis and Florida Cabinet members: Attorney General James Uthmeier, Agriculture Commissioner Wilton Simpson and state Chief Financial Officer Blaise Ingoglia.
The packet also named numerous other groups labeled by the federal government as foreign terrorist organizations.
Although the Governor and Florida Cabinet approved these notices without any discussion, these designations don't come as a surprise. Weeks earlier, the governor and Cabinet approved an emergency rule setting procedures under a new state law (HB 1471) allowing them to designate terror groups.
Additionally, the day this law took effect, DeSantis announced his intentions to declare CAIR, the country's largest Muslim advocacy group, and antifa as domestic terror groups.
#Florida #muslim #governor
These designations were in a 427-page packet submitted by the Florida Department of Law Enforcement for approval by Gov. Ron DeSantis and Florida Cabinet members: Attorney General James Uthmeier, Agriculture Commissioner Wilton Simpson and state Chief Financial Officer Blaise Ingoglia.
The packet also named numerous other groups labeled by the federal government as foreign terrorist organizations.
Although the Governor and Florida Cabinet approved these notices without any discussion, these designations don't come as a surprise. Weeks earlier, the governor and Cabinet approved an emergency rule setting procedures under a new state law (HB 1471) allowing them to designate terror groups.
Additionally, the day this law took effect, DeSantis announced his intentions to declare CAIR, the country's largest Muslim advocacy group, and antifa as domestic terror groups.
#Florida #muslim #governor
1 month ago
Millions of Americans recently received unwelcome news about their cell phone bills.
In late June, T-Mobile (TMUS) said it was retiring over 1,000 older plans, shifting customers to newer offerings at an added cost of as much as $6 per line per month. And starting in August, AT&T (T) hiked rates on some of its older plans by $10 to $20 and increased a monthly per-line fee by $1.
The changes contributed to a steep 5.9% jump in Americans' wireless bills from July to August alone, according to Consumer Price Index data. It was the largest single-month jump since the Bureau of Labor Statistics began tracking the category nearly three decades ago.
In a twist, last month's rising phone bills may have helped convince the Federal Reserve to implement its first interest rate hike in three years. The steep price jump likely contributed about 10 basis points of August's 0.3% month-over-month rise in core consumer prices, according to Wall Street ******* ysts. The hotter-than-expected jump in this category, which strips out price changes in the particularly volatile food and energy sectors, helped cement expectations for the Fed's 25 basis point hike to benchmark rates last Wednesday.
Read more: How the Fed rate decision affects your bank accounts, loans, credit cards, and investments
#august #plans
In late June, T-Mobile (TMUS) said it was retiring over 1,000 older plans, shifting customers to newer offerings at an added cost of as much as $6 per line per month. And starting in August, AT&T (T) hiked rates on some of its older plans by $10 to $20 and increased a monthly per-line fee by $1.
The changes contributed to a steep 5.9% jump in Americans' wireless bills from July to August alone, according to Consumer Price Index data. It was the largest single-month jump since the Bureau of Labor Statistics began tracking the category nearly three decades ago.
In a twist, last month's rising phone bills may have helped convince the Federal Reserve to implement its first interest rate hike in three years. The steep price jump likely contributed about 10 basis points of August's 0.3% month-over-month rise in core consumer prices, according to Wall Street ******* ysts. The hotter-than-expected jump in this category, which strips out price changes in the particularly volatile food and energy sectors, helped cement expectations for the Fed's 25 basis point hike to benchmark rates last Wednesday.
Read more: How the Fed rate decision affects your bank accounts, loans, credit cards, and investments
#august #plans
1 month ago
On September 9, 2026, Apple Inc. (NASDAQ:AAPL) unveiled the iPhone Duo, its first foldable smartphone and the biggest change to the iPhone's design in nearly 20 years, at the first product launch event led by new CEO John Ternus since he succeeded Tim Cook on September 1. The book-style, passport-shaped device opens into a 7.6-inch display, Apple's largest ever, starts at $1,999 for the 256-gigabyte model and rises to $3,199 for 2 terabytes of storage. This makes it the most expensive iPhone Apple has ever sold, with availability set for October 23.
The iPhone Duo gives Apple Inc. (NASDAQ:AAPL) a new premium growth opportunity in a mature smartphone market. Apple entered the foldable market with the $1,999 Duo. It creates a new high-end product category within its largest hardware franchise. ******* ysts expect Apple to take a real share of the foldable market. The firm's brand strength and large installed base could help speed up use of foldable smartphones.
The Duo creates a materially different iPhone experience that could encourage upgrades and attract Android users. The device opens to a 7.6-inch display, supports side-by-side multitasking, and offers a tablet-like experience in a pocketable design. Apple also shows the Duo's ******* anium frame, custom hinge, A20 Pro chip, and Apple Intelligence features. It gives customers several reasons to pay a substantial premium for the new form factor.
The launch solidifies Apple's hardware innovation strategy under new CEO John Ternus. The Duo represents Apple's most significant iPhone redesign since the iPhone X. It gives Ternus an opportunity to reignite enthusiasm around the company's hardware portfolio. The product also expands Apple's ability to monetize its ecosystem through higher-value hardware, services, and accessories as customers spend more time using a larger, more versatile iPhone.
The $1,999 starting price could keep the Duo a niche product. Reuters reported that the global foldable market could account for less than 3% of smartphone sales in 2026. ******* ysts expect only about 6 million Duo units as Apple Inc. (NASDAQ:AAPL) enters the category. Even strong market share would turn into a relatively small contribution compared with Apple's broader iPhone business.
#iphone #aapl
The iPhone Duo gives Apple Inc. (NASDAQ:AAPL) a new premium growth opportunity in a mature smartphone market. Apple entered the foldable market with the $1,999 Duo. It creates a new high-end product category within its largest hardware franchise. ******* ysts expect Apple to take a real share of the foldable market. The firm's brand strength and large installed base could help speed up use of foldable smartphones.
The Duo creates a materially different iPhone experience that could encourage upgrades and attract Android users. The device opens to a 7.6-inch display, supports side-by-side multitasking, and offers a tablet-like experience in a pocketable design. Apple also shows the Duo's ******* anium frame, custom hinge, A20 Pro chip, and Apple Intelligence features. It gives customers several reasons to pay a substantial premium for the new form factor.
The launch solidifies Apple's hardware innovation strategy under new CEO John Ternus. The Duo represents Apple's most significant iPhone redesign since the iPhone X. It gives Ternus an opportunity to reignite enthusiasm around the company's hardware portfolio. The product also expands Apple's ability to monetize its ecosystem through higher-value hardware, services, and accessories as customers spend more time using a larger, more versatile iPhone.
The $1,999 starting price could keep the Duo a niche product. Reuters reported that the global foldable market could account for less than 3% of smartphone sales in 2026. ******* ysts expect only about 6 million Duo units as Apple Inc. (NASDAQ:AAPL) enters the category. Even strong market share would turn into a relatively small contribution compared with Apple's broader iPhone business.
#iphone #aapl
1 month ago
On September 8, 2026, Reuters reported that ASML Holding N.V. (NASDAQ:ASML) plans to work with major customers. It includes Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), Nvidia, Intel, Samsung, and SK Hynix to adapt its next-generation "High NA" extreme ultraviolet lithography tools so they can print larger data-center chips. It addresses a current limitation where the newer machines use a smaller mask than ASML's widely deployed standard EUV tools.
ASML targets a pilot production line using the larger masks by 2031 and high-volume manufacturing readiness by 2033. Chief technology officer Marco Pieters said these changes could lift the productivity of these systems by roughly 40%.
The larger-mask project could create a new growth opportunity for ASML Holding N.V. (NASDAQ:ASML) while helping TSMC manufacture larger AI chips more efficiently. ASML plans to use its High NA EUV tools to handle chips as large as today's biggest data-center processors. The business expects the larger masks to increase system productivity by 40%. It could scale up demand for its next-generation equipment and help TSMC improve the economics of producing increasingly large and complex chips.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)'s planned use gives ASML a clear path toward commercializing the technology. TSMC plans to introduce High NA EUV into advanced-node high-volume production from 2030. ASML aims to show its larger-mask technology through a pilot line in 2031. TSMC's commitment could give ASML greater visibility into future equipment demand. Early use could help TSMC maintain its advanced-chip manufacturing advantage.
The collaboration could solidify both companies' positions as chipmakers develop larger and more powerful processors. ASML can extend its High NA roadmap beyond its current chip-size limitation. TSMC can prepare its manufacturing processes for the next generation of AI chips. The partnership gives ASML an opportunity to deepen its relationship with one of its largest customers and gives TSMC access to a technology that could support future advanced-chip production.
#asml #technology #plans #next
ASML targets a pilot production line using the larger masks by 2031 and high-volume manufacturing readiness by 2033. Chief technology officer Marco Pieters said these changes could lift the productivity of these systems by roughly 40%.
The larger-mask project could create a new growth opportunity for ASML Holding N.V. (NASDAQ:ASML) while helping TSMC manufacture larger AI chips more efficiently. ASML plans to use its High NA EUV tools to handle chips as large as today's biggest data-center processors. The business expects the larger masks to increase system productivity by 40%. It could scale up demand for its next-generation equipment and help TSMC improve the economics of producing increasingly large and complex chips.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)'s planned use gives ASML a clear path toward commercializing the technology. TSMC plans to introduce High NA EUV into advanced-node high-volume production from 2030. ASML aims to show its larger-mask technology through a pilot line in 2031. TSMC's commitment could give ASML greater visibility into future equipment demand. Early use could help TSMC maintain its advanced-chip manufacturing advantage.
The collaboration could solidify both companies' positions as chipmakers develop larger and more powerful processors. ASML can extend its High NA roadmap beyond its current chip-size limitation. TSMC can prepare its manufacturing processes for the next generation of AI chips. The partnership gives ASML an opportunity to deepen its relationship with one of its largest customers and gives TSMC access to a technology that could support future advanced-chip production.
#asml #technology #plans #next
1 month ago
The Vanguard Bond Market ETF (NASDAQ:BND) is the largest bond ETF with nearly $162.3 billion in ***** ets. If you invested $10,000 into BND today, it could grow into over $18,000 in 20 years, given its historical 3% annualized return since inception (assuming you reinvest your interest payments). That's likely a lot less than you'd earn if you invested the same amount in an S&P 500 index fund. However, bonds are income generators and portfolio stabilizers, not wealth-building tools.
Here's a look at why you might still want to consider investing in this top bond ETF, despite its low historical returns.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ***** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Image source: Getty Images.
Vanguard launched BND in early 2007, right before the financial crisis, when interest rates were at their peak:
#bond
Here's a look at why you might still want to consider investing in this top bond ETF, despite its low historical returns.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ***** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Image source: Getty Images.
Vanguard launched BND in early 2007, right before the financial crisis, when interest rates were at their peak:
#bond
1 month ago
A Wall Street Journal report on September 16 revealed that ExxonMobil Holdings Corporation (NYSE:XOM) is nearing a preliminary agreement with Venezuela's state-owned PDVSA, potentially marking its return to the country almost two decades after its ***** ets were nationalized. According to Reuters, Exxon has shown interest in the large Petromonagas heavy oil project in the Orinoco Belt, as well as in areas in the neighboring Carabobo block.
While the talks are still in their preliminary phase and could still fall apart or be delayed, they mark a major turnaround from Exxon's previous stance on Venezuela. The company's CEO, Darren Woods, stated in January that the country was "uninvestable" without durable investment protections, legal reforms, and changes to its hydrocarbon laws.
The development comes amid a broader push by the Trump administration to open Venezuela's oil industry to American companies and revive the country's dilapidated oil infrastructure. The South American nation is sitting on the largest proven crude oil reserves in the world, accounting for roughly 17% of the global total.
Venezuela could provide Exxon with access to an enormous resource base at a time when the company is actively seeking low-cost and long-duration ***** ets. The fields under consideration are estimated to contain more than 50 billion barrels of oil buried underground.
Exxon already holds an advantage through its previous experience in the country. Petromonagas, formerly called Cerro Negro, was once the energy firm's flagship project in Venezuela, giving it familiarity with the country's vast heavy and extra-heavy crude resources. Petromonagas also remains one of the few Venezuelan projects with an operational upgrader capable of turning the Orinoco's extra-heavy crude into lighter exportable grades.
#heavy #project
While the talks are still in their preliminary phase and could still fall apart or be delayed, they mark a major turnaround from Exxon's previous stance on Venezuela. The company's CEO, Darren Woods, stated in January that the country was "uninvestable" without durable investment protections, legal reforms, and changes to its hydrocarbon laws.
The development comes amid a broader push by the Trump administration to open Venezuela's oil industry to American companies and revive the country's dilapidated oil infrastructure. The South American nation is sitting on the largest proven crude oil reserves in the world, accounting for roughly 17% of the global total.
Venezuela could provide Exxon with access to an enormous resource base at a time when the company is actively seeking low-cost and long-duration ***** ets. The fields under consideration are estimated to contain more than 50 billion barrels of oil buried underground.
Exxon already holds an advantage through its previous experience in the country. Petromonagas, formerly called Cerro Negro, was once the energy firm's flagship project in Venezuela, giving it familiarity with the country's vast heavy and extra-heavy crude resources. Petromonagas also remains one of the few Venezuelan projects with an operational upgrader capable of turning the Orinoco's extra-heavy crude into lighter exportable grades.
#heavy #project
1 month ago
Millions of Americans recently received unwelcome news about their cell phone bills.
In late June, T-Mobile (TMUS) said it was retiring over 1,000 older plans, shifting customers to newer offerings at an added cost of as much as $6 per line per month. And starting in August, AT&T (T) hiked rates on some of its older plans by $10 to $20 and increased a monthly per-line fee by $1.
The changes contributed to a steep 5.9% jump in Americans' wireless bills from July to August alone, according to Consumer Price Index data. It was the largest single-month jump since the Bureau of Labor Statistics began tracking the category nearly three decades ago.
In a twist, last month's rising phone bills may have helped convince the Federal Reserve to implement its first interest rate hike in three years. The steep price jump likely contributed about 10 basis points of August's 0.3% month-over-month rise in core consumer prices, according to Wall Street ******* ysts. The hotter-than-expected jump in this category, which strips out price changes in the particularly volatile food and energy sectors, helped cement expectations for the Fed's 25 basis point hike to benchmark rates last Wednesday.
Read more: How the Fed rate decision affects your bank accounts, loans, credit cards, and investments
#Consumer
In late June, T-Mobile (TMUS) said it was retiring over 1,000 older plans, shifting customers to newer offerings at an added cost of as much as $6 per line per month. And starting in August, AT&T (T) hiked rates on some of its older plans by $10 to $20 and increased a monthly per-line fee by $1.
The changes contributed to a steep 5.9% jump in Americans' wireless bills from July to August alone, according to Consumer Price Index data. It was the largest single-month jump since the Bureau of Labor Statistics began tracking the category nearly three decades ago.
In a twist, last month's rising phone bills may have helped convince the Federal Reserve to implement its first interest rate hike in three years. The steep price jump likely contributed about 10 basis points of August's 0.3% month-over-month rise in core consumer prices, according to Wall Street ******* ysts. The hotter-than-expected jump in this category, which strips out price changes in the particularly volatile food and energy sectors, helped cement expectations for the Fed's 25 basis point hike to benchmark rates last Wednesday.
Read more: How the Fed rate decision affects your bank accounts, loans, credit cards, and investments
#Consumer
1 month ago
Marathon Petroleum Corporation (NYSE:MPC) has substantially outperformed the wider market this year, supported by an unusually sharp surge in global refining margins as the prolonged Iran crisis has significantly tightened global refining capacity and reduced supplies of gasoline, diesel, and jet fuel.
With Marathon up by over 150% since the beginning of 2026, there are now concerns that the stock may have topped out. However, the ****** ysts over at Morgan Stanley are convinced that the rally still has further room to run. On September 14, Morgan Stanley ****** yst Joe Laetsch significantly raised the firm's price target on MPC from $265 to $453, while reaffirming an 'Overweight' rating on the shares.
The target boost reflects an upside of over 9% from the current price level and even exceeds the stock's record high of just under $411 per share achieved earlier this month. The Morgan Stanley update comes amid broader Wall Street optimism surrounding the American refining giant, with ****** ysts from Raymon James, UBS, and several others also improving their respective outlooks on MPC.
Morgan Stanley's vote of confidence suggests that Wall Street expects the ongoing refining upcycle to last longer than previously expected, especially given the fresh wave of attacks between Washington and Tehran. Even if the conflict in the Middle East subsides, the region's refined fuel output is expected to remain relatively tight, since the damaged or idled refineries in the Middle East are likely to take some time to return to full operations.
As the largest refiner by volume in the United States, Marathon has significant operating leverage to capitalize on the current high-margin environment. The company already demonstrated its ability to translate the high crack spreads into material earnings when it delivered an almost fourfold increase in profits in the second quarter.
#morgan #marathon #stanley #middle
With Marathon up by over 150% since the beginning of 2026, there are now concerns that the stock may have topped out. However, the ****** ysts over at Morgan Stanley are convinced that the rally still has further room to run. On September 14, Morgan Stanley ****** yst Joe Laetsch significantly raised the firm's price target on MPC from $265 to $453, while reaffirming an 'Overweight' rating on the shares.
The target boost reflects an upside of over 9% from the current price level and even exceeds the stock's record high of just under $411 per share achieved earlier this month. The Morgan Stanley update comes amid broader Wall Street optimism surrounding the American refining giant, with ****** ysts from Raymon James, UBS, and several others also improving their respective outlooks on MPC.
Morgan Stanley's vote of confidence suggests that Wall Street expects the ongoing refining upcycle to last longer than previously expected, especially given the fresh wave of attacks between Washington and Tehran. Even if the conflict in the Middle East subsides, the region's refined fuel output is expected to remain relatively tight, since the damaged or idled refineries in the Middle East are likely to take some time to return to full operations.
As the largest refiner by volume in the United States, Marathon has significant operating leverage to capitalize on the current high-margin environment. The company already demonstrated its ability to translate the high crack spreads into material earnings when it delivered an almost fourfold increase in profits in the second quarter.
#morgan #marathon #stanley #middle
1 month ago
JPMorgan Chase (NYSE: JPM) is the largest bank in the U.S., by far. It's a financial giant with robust consumer and commercial segments, and it's reliable in driving growth under pressure. It also pays a growing dividend that yields 1.7% at the current price, and it's a fantastic value addition to any investor's diversified portfolio.
While it's likely to become the first bank stock with a $1 trillion valuation in the near future (it currently sports a $927.5 billion market capitalization), there are smaller digital banks that are likely to grow much faster in the next two years, and probably a lot longer. SoFi Technologies (NASDAQ: SOFI) and Nu Holdings (NYSE: NU) are two of them.
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 »
SoFi is a young digital bank that's growing at the rate of a tech start-up, which makes sense, since it's a combination of both -- a classic fintech company.
What started as a loan cooperative for college students has expanded into a comprehensive financial app for anyone seeking an easy-to-use digital platform. It's attracting new members at a fast pace, and its strategy of bringing customers into the ecosystem and getting them to adopt more products is working.
#sofi #bank
While it's likely to become the first bank stock with a $1 trillion valuation in the near future (it currently sports a $927.5 billion market capitalization), there are smaller digital banks that are likely to grow much faster in the next two years, and probably a lot longer. SoFi Technologies (NASDAQ: SOFI) and Nu Holdings (NYSE: NU) are two of them.
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 »
SoFi is a young digital bank that's growing at the rate of a tech start-up, which makes sense, since it's a combination of both -- a classic fintech company.
What started as a loan cooperative for college students has expanded into a comprehensive financial app for anyone seeking an easy-to-use digital platform. It's attracting new members at a fast pace, and its strategy of bringing customers into the ecosystem and getting them to adopt more products is working.
#sofi #bank