Adrianne Curry blasted Victoria's Secret for the runway appearances of Kylie Jenner and Alex Consani at the 2026 Victoria's Secret Fashion Show.
During a YouTube live stream on Monday (Oct. 19), the 44-year-old America's Next Top Model season one winner criticized the brand's direction and shared her frustrations alleging the brand selects established celebrities and influencers over unknown talent and models.
"They have no standards anymore and it's a joke. Anyone can walk in it," Curry said in near the 52-minute mark in the video linked here. "They turn down famous Victoria's Secret models who f**kinglook great to put a transgender person in there and a f**kingKardashian."
She then turned her criticism to Consani, who is transgender, saying, "Dude, it'd be one thing if the trans model looked like a f**kinglady boy from Bangkok where you couldn't tell at all and it's like the most beautiful f**kingwoman you've ever seen in your life. That's not what happened."
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#secret #curry #model #models

Inspired by her championship victory at the 2005 Australian Open, this is the athlete's second Barbie collaboration this year.
Serena Williams and Barbie have released a new doll inspired by one of her greatest career achievements.
Mattel announced a fresh Barbie Signature doll in her likeness. With this launch, the Compton native officially joins Team Barbie, described by the company as a group of powerful athletes and role models who show girls how confidence and ambition can help them pursue their dreams.
"As we celebrate International Day of the Girl, Barbie is proud to honor Serena Williams. Barbie has always inspired girls to believe they can be anything, from the sports stadium to the fashion runway to the boardroom," shared Nathan Baynard, Vice President and Head of Barbie, Mattel in a statement. "Serena Williams embodies that message through her extraordinary achievements as an athlete, entrepreneur, and advocate for equality. By honoring her with a Barbie Signature doll, we're celebrating a barrier-breaking icon whose legacy empowers fans everywhere to dream big and embrace their own potential."
Dressed in a green and white cutout top with mesh detailing, statement earrings, and a matching white headband and skirt, the doll also comes with a tennis racket and ball. The outfit is inspired by Williams' iconic championship victory at the 2005 Australian Open over Lindsay Davenport.

#australian #open

Hurricane Isaias, the first hurricane of the Atlantic season, is expected to strengthen when it approaches the northern Gulf Coast on Friday, prompting mandatory evacuations, school closures in parts of Florida and the threat of a life-threatening storm surge, according to the National Hurricane Center.
Isaias is forecast to make landfall within the warning area late Friday or early Saturday, according to the National Weather Service, which warned of damaging hurricane-force winds. The National Hurricane Center (NHC) said Isaias was expected to remain a strong hurricane throughout this period.
It is unclear exactly where Isaias might make landfall. Current models show the center of the storm coming onshore anywhere from eastern Mississippi to the western tip of the Florida Panhandle.
The NWS said residents in portions of the Florida Panhandle, southern Alabama, some parts of Mississippi, including the south, should "prepare for the possibility of long-duration power outages."
The governors of Florida and Alabama declared states of emergency for dozens of counties. Okaloosa County in Florida announced mandatory evacuations for some coastal areas. "Residents should take this storm seriously and evacuate," the county government said in a news release.

#national #center #panhandle

For decades, Heidi Klum has been one of the world's most recognizable supermodels, captivating fans with her confidence, charisma and timeless beauty.
From her breakthrough days on the runway to her reign as a television star, producer and entrepreneur, the German-born icon has never been afraid to embrace her glamorous side.
Heidi has a refreshing take on her workouts, being that her go-to is N.E.A.T., which stands for Non-Exercise Activity Thermogenesis.
The philosophy behind it is incorporating exercise into your everyday routine, such as taking the stairs over the elevator, and doing household chores, instead of committing to a dedicated time in the gym.
She revealed to The Times: "I also run around a lot, having four kids. I don't have an ******* istant, so I don't have people pack for me or carry my things, I do everything myself. I eat right, I never exercise too much or do heavy weights. People can push themselves too hard. I listen to my body."

#klum

Any semblance of sizzle has been pounded out of McDonald's (MCD) stock.
Shares of the high-calorie fast food seller dropped below $230 for the first time in more than four years on Monday.
Today's move is being driven by a relatively bearish note from Guggenheim ******* yst Gregory Francfort.
"It seems difficult to get positive on shares now without better evidence of a catalyst path over the next 12 months," Francfort said. "1Q27 comparisons do seem to get a lot easier than the Street models, which could be a catalyst, but we would like to see fundamental reasons that MCD's franchisees are buying into entry level value menu efforts or ops improvements than can drive traffic."
Francfort maintained a Neutral rating on McDonald's stock.

#guggenheim

Fashion Week is all about the front row, yet one moment away from the runway stole the spotlight. Moving through a busy, stone-arched hall, David Beckham kept his daughter Harper's hand firmly in his. The protective gesture became a highly talked-about image from Victoria Beckham's PFW show, where David and their kids turned out to cheer her on.
Victoria Beckham recently presented her Spring/Summer 2027 collection at Paris Fashion Week. The show was held in the historic Conciergerie, a former prison where Marie Antoinette was held, and models walked past candlelit rows of guests, including Eva Longoria.
The Beckhams made it a family evening. Three of David and Victoria Beckham's kids, Romeo, Cruz and Harper, joined him. Romeo's girlfriend Kim Turnbull and Cruz's girlfriend Jackie Apostel were also there. Then came the moment fans noticed. In a short clip posted on X, David walks a step ahead, holding Harper's hand as they make their way through the guests.
Harper wore a deep plum dress with a fitted bodice, spaghetti straps, and a softly gathered neckline that appears to have a delicate lace-style trim. The skirt fell in a fluid, floor-grazing line that moved as she walked beside her dad. She kept the accessories minimal, with a fine pendant necklace at the collarbone, and wore her long blonde hair loose past her shoulders.
The dark, rich color sat well alongside David's black suit and the muted tones of the stone hall. In the family portrait, Harper's dress also stood out against the neutral and grey tailoring worn by the others. It is an endearing snapshot of a father keeping his youngest close in a packed room. A family portrait from the night shows David and Victoria's kids and their partners posing with their parents beside stone pillars.

#beckham

President Trump on Sunday named Director of National Intelligence Jay Clayton as his new "AI czar," adding a different category of intelligence, the "artificial" kind, to the U.S. spy chief's portfolio.
In a post on Truth Social, Trump said Clayton will lead a newly formed "Super Intelligence Force" alongside Federal Trade Commission Chair Andrew Ferguson, Under Secretary of Defense for Research and Engineering Emil Michael and Office of Personnel Management Director Scott Kupor. The group will report directly to Trump and White House chief of staff Susie Wiles.
Its goal, Trump wrote, is "to ensure that America continues to lead the World in Super Intelligence, which many say is bigger than the Industrial Revolution, and the Internet, and will protect the interests, and improve the lives, of all Americans."
Clayton will keep his job as DNI, which oversees the nation's 18 intelligence agencies.
Trump's announcement follows meeting last Tuesday at the White House where top AI executives signed what he called a "morally binding" agreement to police themselves in order to prevent their increasingly powerful models from going rogue and harming humanity.

#super #white #president

Ciara made a surprise runway appearance during Junya Watanabe's Spring 2027 show at Paris Fashion Week on Oct. 3
The pregnant singer modeled two bold looks that highlighted her growing baby ****** p
Her catwalk cameo comes weeks after she announced that she is expecting her fifth child
Ciara is proving she can do the "1, 2 Step" on the runway — even with a baby ****** p.
The pregnant singer, 40, made a surprise appearance as one of the models during the Junya Watanabe Spring 2027 ready-to-wear show at Paris Fashion Week on Saturday, Oct. 3.

#spring #fashion #surprise

Joe Burrow is continuing his evolution from NFL quarterback to one of professional football's most closely watched dressers.
The Cincinnati Bengals star fronts Alo's latest fall campaign, introducing Java Brown to the lifestyle brand's seasonal color palette. The warm neutral appears alongside Gravel and Ivory across a selection of performance pieces, knitwear, tailoring and accessories.
In the campaign, Burrow models studio-to-street looks intended to move between training, travel and time away from the field. Featured pieces include the Alo Suited Trouser, Alpha Shell Long Coat and Cotton Ribbed Parallel Sweater. The Alo Voyage Duffle, an accessory that has previously appeared in Burrow's game-day arrivals, also returns.
The campaign builds on Burrow's ongoing relationship with Alo, which encompasses fashion, athletic performance and recovery. He previously appeared in the brand's Conquer Collection campaign and helped introduce its Alo Runner performance shoe.
"I've always been drawn to pieces that feel refined but effortless," Burrow said in a statement.

#burrow #campaign #appeared

OpenAI has fired three researchers for allegedly mishandling information, including work that involved an external organisation that ****** yses artificial intelligence (AI) models.
"Our investigation confirmed that these individuals mishandled sensitive information outside established company procedures, violating our policies and breaking the trust essential to our work," a spokesperson told the BBC.
The ChatGPT-maker did not name the sacked workers, but at least two of them were involved in safety research at the firm.
The firings come as the debate over AI safety and the risks the technology may pose to humanity has intensified in recent weeks.
"We have parted ways with three individuals for violating our policies on accessing and handling sensitive company information," OpenAI's spokesperson said.

#involved #individuals

Apple Martin has officially gone from fashion campaign star to runway model. The 22-year-old daughter of Gwyneth Paltrow and Coldplay frontman Chris Martin made her runway debut on Thursday, Oct. 1, stepping onto the catwalk for Chloé's Spring/Summer 2027 show during Paris Fashion Week.
For the milestone moment, Martin wore an airy white maxi dress that leaned fully into the romantic, free-spirited aesthetic **** ociated with Chloé under creative director Chemena Kamali.
PARIS, FRANCE - JANUARY 24: (EDITORIAL USE ONLY - For Non-Editorial use please seek approval from Fashion House) Apple Martin attends the Chanel Haute Couture Spring Summer 2023 show as part of Paris Fashion Week on January 24, 2023 in Paris, France. (Photo by Pascal Le Segretain/Getty Images) (@ Getty Images)
And while Martin has spent the past few years steadily building a fashion résumé, walking a Paris Fashion Week runway puts her in an entirely new category.
Martin made her first-ever runway appearance at Chloé's Spring/Summer 2027 ready-to-wear show in Paris, where she joined an established cast that included models Mona Tougaard, Edie Campbell, Mariacarla Boscono and Eva Herzigová. Cynthia Erivo and Claire Danes were among the famous faces watching from the front row.

#Paris #show #Apple

Linda Evangelista—the iconic Canadian supermodel famously known for her ultra-short hairstyle nicknamed "the Linda" and the phrase "We don't wake up for less than $10,000 a day"—has officially strutted away from her New York City penthouse.
Celebrated for her work as one of the original supermodels of the 1980s and 1990s alongside Christy Turlington, Naomi Campbell, Claudia Schiffer, and Cindy Crawford, the Ontario-born Evangelista, now 61, appeared in multimillion-dollar campaigns for Revlon and Versace. She was also named one of People magazine's "50 Most Beautiful People" during her heyday.
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#turlington

Jennifer Lopez broke a front-row rule with an unexpected accessory at Paris Fashion Week.
The actress attended Stella McCartney's spring/ summer 2027 show on September 30, 2026.
Lopez wore a monochromatic brown ensemble, composed of a skirt suit and a fur scarf.
Jennifer Lopez committed a front-row faux pas with an unexpected accessory while attending the Stella McCartney spring/ summer 2027 show during Paris Fashion Week on September 30.
The Hustlers star attended the show at the British Embassy, where guests were unfortunately greeted with the fall rain. It was a good thing Lopez came prepared—well, kind of a good thing. The multi-hyphenate was seen shielding herself with a black umbrella, which she was later asked to take down by staff, so as not to block the views of people behind her as models came down the runway.

#september

President Trump gathered top artificial intelligence leaders in Washington on Tuesday and doubled down on his opposition to government intervention, suggesting that "self-regulation" is the answer to growing worries about the technology getting out of human control.
"There's a belief that there should be tremendous self-regulation," the president said after meeting with the ***** embled CEOs. "There was a lot of commonality in this room."
Trump said he and the CEOs signed a "morally binding" accord that would keep the companies in line through "self-policing and group policing."
Trump posted a copy of the accord to his Truth Social account with a one-page document that called for each participating company to implement four different measures to safeguard the technology and added that, later on, "it might make sense to codify these steps into laws or regulations."
Some executives on hand said the accord included commitments to a combination of technological controls to detect problems with new models, internal risk review efforts, external auditors, and other measures.

#accord #regulation

Morgan Stanley has cut Novo Nordisk A/S (NYSE:NVO) to Underweight on September 11, 2026. Semaglutide, the underlying molecule for Wegovy and Ozempic, generates roughly 75% of 2026 revenue. Morgan Stanley models that it will still represent 59% of total sales when its patent protection expires in 2031. And according to the firm, the valuation does not price in the impact it has on Novo's terminal value. The stock, currently trading at 10.6x earnings and down 33% from its 52-week high, slipped another 2% following the call. At this point, the question isn't about whether the patent cliff is real or not, but whether the 10x multiple reflects an actual bargain.
Semaglutide loses exclusivity in Europe in 2031 and the US in 2032. And Morgan Stanley believes Novo's oral-obesity business, projected to reach $10 billion by 2031, could not offset the pricing collapse after the arrival of generics. Growth decelerates to a 4% compound rate between 2027 and 2030. If the deceleration continues, it will justify 10x earnings as a fair price instead of a cheap one.
The 10.6x multiple already prices aggressive pessimism into a market leader of one of the fastest-growing drug classes in history. Morgan Stanley fueled the pessimism by discounting a 2031 cliff five years earlier. However, pharmaceutical patent expirations frequently face extensions and prove difficult to time. Second, the ***** umption that oral obesity treatments cannot offset patent losses relies on oral semaglutide being the bridge. But Novo's next-generation portfolio, including CagriSema and amycretin, offers a significant defense against the patent cliff. This remains unproven, however, specifically after CagriSema's earlier weight-loss data failed to impress, yet Morgan Stanley's terminal-value model discounts this pipeline almost entirely. The company is also expanding its franchise. On September 7, the STEP Young trial hit its endpoint in children aged six to twelve, strengthening the base its successors inherit.
The smart money is leaning in. As per the Insider Monkey database, 59 hedge funds held NVO in the second quarter of 2026, up from 55 in the first, indicating a slight increase in the modest institutional interest in the stock. Short interest on the ADR is negligible at about 0.7%. The positioning reflects a beaten-down value stock quietly seeing institutional accumulation while Wall Street turns increasingly bearish.

#semaglutide #oral

On September 9, 2026, Reuters reported that Stellantis N.V. (NYSE:STLA) is recalling 201,976 Jeep vehicles in the U.S., including certain Grand Cherokee, Wagoneer and Grand Wagoneer models. It happened after the National Highway Traffic Safety Administration found a software error that can prevent the tire-pressure monitoring system from detecting low tire pressure or alerting the driver, raising crash risk.
Dealers will update the affected radio-frequency hub software free of charge. The recall is the latest in a year that has already included a 1.5-million-vehicle Ram seat-belt recall, a 955,000-vehicle camera-glitch recall in August, and more than 1 million Wranglers and Gladiators recalled in June for fire risk.
The recall should carry a relatively limited direct financial burden because Stellantis N.V. (NYSE:STLA) can fix the defect with a software update. The recall covers 201,976 Jeep vehicles, but Stellantis does not need to replace a physical component. A software-based remedy should reduce parts and labor costs and allow dealers to complete the repair relatively quickly, limiting the recall's immediate impact on earnings and cash flow.
Stellantis has already begun rebuilding its financial performance, giving investors a stronger foundation to absorb another recall. Second-quarter net profit reached €293 million compared with a €1.87 billion loss a year earlier. Revenue surged 13% to €43.5 billion. The business also generated €1 billion in industrial free cash flow during the quarter, showing real improvement as CEO Antonio Filosa executes his turnaround plan.
Strong North American demand shows the recall has not yet undermined demand for Stellantis' key Jeep and Ram products. Second-quarter North American shipments increased 38% to 445,000 vehicles. It was backed up by refreshed models, including the Jeep Grand Wagoneer and Grand Cherokee and the Ram 1500. So the company enters this recall with improving volumes and strong demand for several of the brands that matter most to its North American turnaround.

#software

On September 9, 2026, Reuters reported that AI music startup Suno launched a new suite of models, including its flagship v6 and exploratory v6-Wild, built in partnership with Warner Music Group Corp. (NASDAQ:WMG) and BMG. It lets users make new music inspired by licensed recordings from participating artists. The launch follows Warner Music's copyright lawsuit settlement with Suno in November 2025, under which artists and songwriters can opt in to have their names, voices, and compositions used in AI-generated music in exchange for compensation.
Warner Music Group Corp. (NASDAQ:WMG) can turn the Suno litigation dispute into a new licensing revenue opportunity. Suno has now launched its v6 models in partnership with Warner Music and BMG. It allows users to make music inspired by licensed works from participating artists. Warner previously sued Suno over copyright issues before reaching a licensing agreement. This gives the label a direct path to monetize AI-generated music rather than relying solely on litigation. The deal could create a new revenue stream as consumers increasingly adopt AI music tools.
Warner enters the AI-music market from a position of financial strength. The firm reported fiscal third-quarter revenue of $5.44 billion, up 9% year over year. Adjusted OIBDA increased 16% to $433 million, and its adjusted OIBDA margin expanded to 23.2%. Warner also said it had met or exceeded its financial targets for five consecutive quarters. That basic growth gives the company greater flexibility to invest in AI initiatives while using licensing agreements to add another potential growth driver to its existing streaming and publishing businesses.
Warner could help establish a more sustainable commercial model for AI-generated music. Suno said future products will include opt-in experiences that allow individual artists to participate and receive payment when users generate music around them. So Warner has an opportunity to help shape licensing and compensation practices as Spotify and other platforms develop their own AI-music products. If the industry increasingly adopts licensed models, Warner's large catalog and relationships with artists could solidify its negotiating position and create recurring AI-related revenue.
Suno's new licensing model does not eliminate the overall legal risks surrounding AI music. Warner Music Group Corp. (NASDAQ:WMG) has reached an agreement with Suno, but other copyright owners are challenging the firm's technology. Independent publisher Round Hill sued Suno in August, alleging that the company used copyrighted songs to train its AI system. Suno also faces separate litigation from Universal Music Group and Sony Music. Hence, lawsuits could increase legal costs and create uncertainty over the licensing framework that Warner hopes to monetize.

#music #licensing #corp #revenue

Former President Obama on Friday slammed President Trump over his handling of how to approach artificial intelligence amid “doomsday” warnings coming from some in the tech industry about the technology’s potential existential threat to humanity.
Obama said during an interview at Colgate University in New York that the federal government must regulate AI, before referring to comments made by one Trump adviser.
“I heard one of Donald Trump’s main advisers on this make the argument that, ‘The market will take care of AI,'” the former president said. “‘These companies will solve the safety issues because they have every incentive to do so — if it turns out to be dangerous, people will just sue them, and they’re worried about financial liability.'”
“That’s not how we treat airlines,” Obama added. “Or drug companies, or food companies.”
Obama continued to say that AI could become a threat at a human level if it falls into the clutches of “bad humans” and if self-improving AI models realize they no longer need humans. He referred to Trump again in that his successor has said regulations on AI are “for losers.”

#obama #president #university

Veteran ******* yst Jim Cramer sees something in Apple's (AAPL) latest launch that is more than a reason for its customers to buy another replacement phone.
After visiting Apple's Manhattan store, the CNBC host praised the iPhone 18 but reserved his strongest enthusiasm for the foldable Duo. He plans to buy it as a second phone, a distinction that gives his excitement an intriguing business angle.
Apple shares have already gained around 23.6% this year through September 18, raising the stakes for turning product excitement into sales.
For context, Apple unveiled its iPhone 18 Pro lineup and first foldable iPhone on September 9. The Pro models reached stores on September 18; Duo availability follows on October 23.
For Cramer, the bigger opportunity goes beyond better cameras and battery life. His reaction suggests Apple could give loyal customers a fresh reason to spend, even when their existing phones still work perfectly well.

#reason #phone #veteran

GOOG trades at a P/E of 14 versus META's 24, with Cloud revenue surging 82% while META's operating margins collapsed from 43% to 31%.
META's Reality Labs bleeds roughly $4B per quarter, 2026 capex is projected between $130B and $145B, and active litigation makes it a volatile aggressive-growth bet rather than a retirement hold.
Just released. Our ******* ysts combed the entire stock market and named the ten best stocks to buy right now, and Google didn't make the cut. Enter your email to see the names that beat GOOG. The report is free. Enter your email and see if any of your stocks made the cut.
Alphabet (NASDAQ:GOOG) and Meta Platforms (NASDAQ:META) just unleashed rival consumer AI agents (Google's family-focused CC, a shared agent supporting up to six family members, and Meta's single-user Muse, aiming for higher autonomy across a user's digital life, including commerce), and the retirement-focused investor writing one check today needs a clear answer: which mega-cap deserves the slot?
Both stocks are pouring tens of billions into AI infrastructure. Both consumer AI agents (not just chatbots) are designed to take real actions on a user's behalf rather than only answering questions. However, CC is a family-oriented productivity and logistics agent tightly tied to the Google ecosystem. Muse is a more general-purpose personal agent aiming for higher autonomy across a user's digital life, including commerce. They compete in the emerging "AI agent that actually does things" category, but target different use cases and user models.

#stocks #family

Elon Musk has never shied away from ambitious timelines, and his most recent one connects two companies directly together. In a post on X dated September 13, Musk stated that he is "highly confident" that **** e Exploration Technologies Corp. (NASDAQ:SPCX) will transport NVIDIA Corporation (NASDAQ:NVDA) Vera Rubin NVL72 AI computers into orbit next year, repeating a plan that has already moved both companies' stock this year.
The comment strengthens **** eX's Starmind concept, which aims to establish AI data centers in orbit rather than on the ground. The first satellite, named Starmind AI1, will carry a **** e-optimized version of NVIDIA's Vera Rubin NVL72 rack-scale system. The standard terrestrial NVL72 combines 72 Rubin GPUs and 36 Vera CPUs, although **** eX and NVIDIA have not disclosed the final configuration of the orbital version. **** e Exploration Technologies Corp. (NASDAQ:SPCX) plans to launch the satellite in the fourth quarter of 2027 and reach substantial scale by 2028. Musk's plan isn't new; during **** eX's first earnings conference as a public company in August, he stated that the company would build exclusively on NVIDIA hardware in the future, calling the Vera Rubin architecture the best available AI computer design.
Musk's central point is that **** e is, in the long run, the most cost-effective area to develop AI computing. He cites solar power availability in orbit as a crucial advantage, and estimates that within two to three years, **** e might become the lowest-cost place for AI computing in general, describing the orbital architecture as simpler, less expensive, denser, and lighter than a standard data-center rack. Not everyone believes the physics and economics will align on Musk's timeframe. Microsoft President Brad Smith has publicly questioned the broader concept, telling reporters that he would be surprised if companies actually transferred computation from land to low-Earth orbit.
For NVIDIA Corporation (NASDAQ:NVDA), the read-through is simple: **** e-based computing would represent a new, if early-stage and speculative, source of demand for its Vera Rubin platform, on top of the company's strong position in terrestrial AI infrastructure. According to some **** yst models, **** eX accounts for approximately 5% of NVIDIA's revenue.
SpaceX's reasoning is more convoluted. The plan is entirely dependent on the success of Starship, **** eX's next-generation rocket system, which still needs to demonstrate its capacity to handle launch frequency and reliability on the scale Musk describes. When Musk said during **** eX's August earnings call that the company would build its future AI infrastructure exclusively on NVIDIA, NVDA shares rose more than 4%, while **** eX's shares fell more than 10% before paring losses, reflecting investor concerns about execution risk and capital intensity, despite the fact that the NVIDIA relationship was well received.

#Companies

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

#Ferrari

Updated Sept. 18, 2026 4:54 pm ET
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1320 ET – Recent AI security incidents disclosed by OpenAI are a cause for concern, Microsoft AI CEO Mustafa Suleyman says on CNBC. An OpenAI model seems to have tampered with the log of its chain-of-thought reasoning, which was “modified to leave messages for a future version of itself,” Suleyman says, citing the company’s recent security disclosures. “We don’t know why that is or what’s behind that, but that’s a pretty serious situation.” He praises OpenAI’s disclosure of the incident but says it demonstrates the growing power and capability of leading AI models.(elias.schisgallwsj.com)

#market

Federal Reserve Chair Kevin Warsh has revealed himself. If not a card-carrying monetarist, he is at least a camp follower. This represents a dramatic change at the Fed, where the past Chairman Jerome Powell repeatedly rejected the basic tenets of monetarism.
This is a welcomed earthquake. After all, there are almost no monetarists left in the world (except for us, and we've been fighting a lonely rearguard action for over 40 years). The Federal Reserve has rejected monetarism consistently — and on the record — because it preferred other models for understanding the economy. In academia, monetarism has been out of fashion for decades. But by his own words, a monetarist is now leading the central bank.
Just what is monetarism? It's a doctrine which holds that money has a major influence on both the level of ***** et prices, economic activity, and the price level. Any discussion of national income determination must, therefore, center on the quantity of money and the banking system, since banks produce most of the money in modern economies. When it comes to monetary policy, its objectives are best met by targeting the rate of growth of the money supply.
Today, most economists pooh-pooh monetarism. Money and banking are nowhere to be found in their macroeconomic models, or their discourses about the course of ***** et prices, economic activity, and prices. Indeed, their forecasting exercises are typically based on elaborations of Keynesian income-expenditure models that exclude money and banking.
If that's not enough, we think that the Fed's backroom staff, mostly Keynesian-leaning Democrats, don't want alignment with a philosophy usually affiliated with Milton Friedman, but that's another story. Just look at what Joe Biden said in 2020 about how the dean of monetarism wasn't "running the show anymore."

#monetarist

Palantir (PLTR) CEO Alex Karp has dropped a blunt theory about the AI industry's safety push.
The outspoken AI executive said that some companies might need government ownership to escape the financial consequences of their technology.
In his CNBC interview, Karp framed nationalization as the destination he believes those businesses are moving toward, with liability protection the prize.
His startling comments come as the industry's conversation shifts towards safeguards and whether development should slow down. Moreover, that also raises the question of who shoulders the risks created along the way?
Karp zeroes in on customers' intellectual property. He said businesses working with Palantir believe that their ideas and data are being fed into AI models, putting their competitive advantages at risk.

#businesses #alex #cnbc #moreover

AI companies Anthropic, OpenAI, ***** e XAI and Google are being sued over alleged collusion as pressure mounts to slow the rapid development of AI.
The complaint, filed Friday in the U.S. District Court for the Northern District of California, points to a recent proposal from Anthropic CEO Dario Amodei, who called for “industry-wide coordination” to “pace the frontier” as concerns mount over the risks posed by increasingly powerful AI.
“We must slow the ***** e in which we improve the capabilities of AI models,” Amodei wrote in a Sept. 12 essay.
The plaintiffs allege that OpenAI CEO Sam Altman, ***** eXAI founder Elon Musk and Google DeepMind co-founder Demis Hassabis made an illegal business agreement among competitors by agreeing to slow the development of their AI systems, violating federal antitrust law.
Within hours of Amodei publishing his essay, Musk responded, saying “Dario is right,” while Altman also said he agreed with Amodei. Hassabis called the proposal “the right path forward,” according to the complaint.

#amodei

It's no secret that Arm Holdings (NASDAQ: ARM) is a crucial piece of the artificial intelligence (AI) puzzle. But how often do you think of Arm as a top-shelf AI investment? It's easy to forget this impressive compounder amid the glitzy hypergrowth of Nvidia's and AMD's expensive AI accelerators.
Arm doesn't build the chips that train large language models. The company doesn't actually build chips at all. Instead, Arm designs fundamental instruction sets and CPU cores. It licenses those designs to anyone with a fab contract and an ambition and collects a royalty on every unit shipped. It's basically a toll booth on a road that keeps getting wider.
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 »
Arm's toll road used to run almost entirely through smartphones. Now it runs through the data center too. Nvidia's Vera CPU pairs Arm cores with its accelerators. Amazon's Graviton, Microsoft's Cobalt, and Alphabet's Google Axion are all Arm-based, built in-house by companies that spend like nation-states on server capacity.
Every AI cluster on the planet needs general-purpose compute to feed the high-speed AI accelerators, handle networking, and run the orchestration layer. A growing share of that work sits on Arm designs.

#signal #flashing #build #chips

Markets have a familiar reflex when fear spreads through technology stocks. Investors wait to hear what Jim Cramer thinks.
This week, the fear did not come from a short seller or a regulator. It came from inside the AI industry itself, from one of its own leaders.
Cramer said Wednesday, Sept. 16, that he won't back away from the AI trade, according to CNBC. That comes despite a weekend essay from a top AI executive arguing that the technology is moving too fast.
He predicted spending on AI infrastructure will keep climbing, because the industry's two biggest labs are already turning that spending into real revenue. There's too much money at stake for them to stop now, the "Mad Money" host said.
The warning that shook markets came from Anthropic CEO Dario Amodei, not from a critic outside the industry. In an essay ****** led "We Must Pace the Frontier," Amodei wrote that we must slow the pace at which we improve the capabilities of AI models.

#markets #pace #came

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TJX Companies is confident in navigating weather-related events such as El Niño due to its warehouse distribution model, CEO Ernie Herrman said in a Q2 earnings call on Aug. 19.
Herrman said since the company keeps its liquidity and shipping out of its warehouses, it has better control than traditional retailers. Inventory doesn't need to go straight to the stores if the off-price retailer thinks there's going to be an unusual weather pattern in a certain region, he added.
"[T]his is a benefit of our model where we stage goods in our warehouses versus goods at most brick-and-mortar retailers come into the warehouse and have to go out," Herrman told **** ysts. He added that the company's "planning organization is really good at reacting to any wild swings in weather or natural disasters or any of those red flags."
Off-price retailers and classic retailers tend to have different supply chain models when it comes to how they manage their inventory, but it's not one-size fits all, Dheera Anand, a partner at Bain and Co., told Supply Chain Dive in an interview. The supply chain strategy Hermann described in TJX's earnings call is known as the hold and flow, or staged, model, Anand said.

#supply

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The CEO of Anthropic, one of the most valuable pure-play AI companies in the world, has some reservations about AI.
In a post (1) to his personal website, Anthropic CEO Dario Amodei called for companies to slow the development of increasingly capable AI models so safety measures can catch up. After listing some of the potential future benefits of AI — including his belief that it could "cure most major diseases" — Amodei acknowledged that it also "brings risks."
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#anthropic #amodei #Companies #moneywise