3 hours ago
By David Milliken, Andy Bruce and Suban Abdulla
LONDON, Nov 5 (Reuters) - The Bank of England raised interest rates for the first time in over three years on Thursday and warned that at least one more increase was likely if the US-Iran conflict continues, as it started on a path that its main peers have already embarked on.
British inflation is likely to reach around 5% in the middle of next year, the BoE said, more than double the central bank's target and a blow for new Prime Minister Andy Burnham who has sought to ease cost of living pressures.
While there was little evidence so far of faster inflation outside sectors directly affected by higher energy costs, the BoE said the amount of inflation pressure coming down the road from months of high energy prices required a rate rise now.
"Today's increase shouldn't be seen as the first in an inevitable long sequence of hikes. But unless the conflict in the Middle East is resolved, neither does it seem likely to be the last increase," Governor Andrew Bailey said.
#increase #middle #first #energy
LONDON, Nov 5 (Reuters) - The Bank of England raised interest rates for the first time in over three years on Thursday and warned that at least one more increase was likely if the US-Iran conflict continues, as it started on a path that its main peers have already embarked on.
British inflation is likely to reach around 5% in the middle of next year, the BoE said, more than double the central bank's target and a blow for new Prime Minister Andy Burnham who has sought to ease cost of living pressures.
While there was little evidence so far of faster inflation outside sectors directly affected by higher energy costs, the BoE said the amount of inflation pressure coming down the road from months of high energy prices required a rate rise now.
"Today's increase shouldn't be seen as the first in an inevitable long sequence of hikes. But unless the conflict in the Middle East is resolved, neither does it seem likely to be the last increase," Governor Andrew Bailey said.
#increase #middle #first #energy
4 hours ago
Schwab, Fidelity, and Vanguard each have different default beneficiary clauses, so a blank IRA form can send your account to your kids or your estate.
An estate inheriting an IRA triggers a 5-year withdrawal rule instead of 10, costing heirs an extra $2,430 in federal tax per child before state taxes.
Naming primary and contingent beneficiaries on every account, including Roth IRAs, and re-filing after any rollover or divorce takes about ten minutes.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
Picture two widowed parents. Each leaves a $600,000 traditional IRA to two grown kids, and neither one ever filled out a beneficiary form. One family gets a decade to draw the money down on its own schedule. The other gets five years, a probate filing and a faster tax bill.
#form #kids #gets #schwab
An estate inheriting an IRA triggers a 5-year withdrawal rule instead of 10, costing heirs an extra $2,430 in federal tax per child before state taxes.
Naming primary and contingent beneficiaries on every account, including Roth IRAs, and re-filing after any rollover or divorce takes about ten minutes.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
Picture two widowed parents. Each leaves a $600,000 traditional IRA to two grown kids, and neither one ever filled out a beneficiary form. One family gets a decade to draw the money down on its own schedule. The other gets five years, a probate filing and a faster tax bill.
#form #kids #gets #schwab
7 hours ago
John Frieda, the celebrity hairstylist whose eponymous product range — its beloved Frizz Ease serum, especially — proved a commercial sensation, has died aged 75.
The British entrepreneur, who counted Madonna and Princess Diana among his clients, died "peacefully" and "surrounded by his family," according to a statement posted to his Instagram by his London salon on Wednesday.
"His talent and passion touched so many, and his legacy will live on in every single one of us," the statement added, describing Frieda as "a true icon of the hair industry." His stepdaughter Agnelli Lagrange also confirmed the news on social media, where she called him "the best man to ever exist." Neither statement specified a cause of death.
The son of a hairdresser (and the grandson of a barber), Frieda was born Alan Howard Frieda in London in 1951. He started going by the name John after joining London's famous House of Leonard, because the salon already employed an Alan.
British actress Joanna Lumley sporting John Frieda's signature 1970s hairstyle, named the "Purdey" after her character in "The New Avengers." - John Paul/TV Times/Getty Images
#statement #ease
The British entrepreneur, who counted Madonna and Princess Diana among his clients, died "peacefully" and "surrounded by his family," according to a statement posted to his Instagram by his London salon on Wednesday.
"His talent and passion touched so many, and his legacy will live on in every single one of us," the statement added, describing Frieda as "a true icon of the hair industry." His stepdaughter Agnelli Lagrange also confirmed the news on social media, where she called him "the best man to ever exist." Neither statement specified a cause of death.
The son of a hairdresser (and the grandson of a barber), Frieda was born Alan Howard Frieda in London in 1951. He started going by the name John after joining London's famous House of Leonard, because the salon already employed an Alan.
British actress Joanna Lumley sporting John Frieda's signature 1970s hairstyle, named the "Purdey" after her character in "The New Avengers." - John Paul/TV Times/Getty Images
#statement #ease
9 hours ago
Meghan Markle reportedly left Prince Harry feeling panicked over major choices that could affect their marriage. The ******* ss of Sussex was said to be considering a return to California despite their recent UK relocation.
An insider claimed her plans were "triggering a lot of old insecurities" in the Duke. Meanwhile, her newly announced Australian television role raised questions about time apart. Sources also alleged the couple disagreed over where their children should grow up.
According to Woman's Day's report, the Sussexes allegedly disagreed after returning to Britain. An insider claimed, "Meghan is counting down the days until they go back to California." The source said Harry felt "this huge sense of relief being back in the UK." Meanwhile, the former "Suits" actress accepted a 2027 "Junior MasterChef Australia" role alongside Poh Ling Yeow. The show's producers confirmed her involvement on October 27. Meghan called accepting the invitation "an easy yes."
Furthermore, an insider claimed Prince Harry was unsettled by decisions allegedly made without him. "Harry's heartbroken, and feeling more alone and isolated than ever," the source alleged. They added, "Meghan is suddenly making all these massive, life-altering decisions on her own." Additionally, the duke was reportedly "in a state of panic about what she's planning next." The situation was "triggering a lot of old insecurities in him," the insider claimed. They also alleged communication had "completely broken down."
Separately, another source discussed the marriage if Meghan Markle returned to California. "If Meghan becomes unhappy and it doesn't work, she'll go back to the US," they claimed. The insider warned that living apart "could spell trouble for their marriage." Meanwhile, Harry reportedly wanted Archie and Lilibet settled in Britain. The report also alleged King Charles had discussed the couple's problems with his son. Another insider said, "All he wants is for Harry to be happy." Neither spouse publicly confirmed the alleged disagreements.
#insider #alleged #california
An insider claimed her plans were "triggering a lot of old insecurities" in the Duke. Meanwhile, her newly announced Australian television role raised questions about time apart. Sources also alleged the couple disagreed over where their children should grow up.
According to Woman's Day's report, the Sussexes allegedly disagreed after returning to Britain. An insider claimed, "Meghan is counting down the days until they go back to California." The source said Harry felt "this huge sense of relief being back in the UK." Meanwhile, the former "Suits" actress accepted a 2027 "Junior MasterChef Australia" role alongside Poh Ling Yeow. The show's producers confirmed her involvement on October 27. Meghan called accepting the invitation "an easy yes."
Furthermore, an insider claimed Prince Harry was unsettled by decisions allegedly made without him. "Harry's heartbroken, and feeling more alone and isolated than ever," the source alleged. They added, "Meghan is suddenly making all these massive, life-altering decisions on her own." Additionally, the duke was reportedly "in a state of panic about what she's planning next." The situation was "triggering a lot of old insecurities in him," the insider claimed. They also alleged communication had "completely broken down."
Separately, another source discussed the marriage if Meghan Markle returned to California. "If Meghan becomes unhappy and it doesn't work, she'll go back to the US," they claimed. The insider warned that living apart "could spell trouble for their marriage." Meanwhile, Harry reportedly wanted Archie and Lilibet settled in Britain. The report also alleged King Charles had discussed the couple's problems with his son. Another insider said, "All he wants is for Harry to be happy." Neither spouse publicly confirmed the alleged disagreements.
#insider #alleged #california
19 hours ago
A $450,000 IRA withdrawal to buy a condo counts as taxable income, pushing a couple's MAGI to $550,000 and triggering $12,710 in extra Medicare premiums for 2028.
Social Security sets IRMAA using tax returns from two years prior, so a 2026 withdrawal raises 2028 premiums and Form SSA-44 offers no relief for voluntary withdrawals.
Spreading IRA withdrawals over four years at $112,500 annually keeps MAGI below the surcharge threshold, while splitting across just two years saves almost nothing.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
A married couple, both 66, find the condo they want to retire to. It costs $450,000. They want to own it outright, so they plan to withdraw $450,000 from his traditional IRA this year, before accounting for the taxes they'll owe. Two years from now, Social Security will send each of them a letter with a Medicare bill neither one planned for.
#years #security #withdrawal #income
Social Security sets IRMAA using tax returns from two years prior, so a 2026 withdrawal raises 2028 premiums and Form SSA-44 offers no relief for voluntary withdrawals.
Spreading IRA withdrawals over four years at $112,500 annually keeps MAGI below the surcharge threshold, while splitting across just two years saves almost nothing.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
A married couple, both 66, find the condo they want to retire to. It costs $450,000. They want to own it outright, so they plan to withdraw $450,000 from his traditional IRA this year, before accounting for the taxes they'll owe. Two years from now, Social Security will send each of them a letter with a Medicare bill neither one planned for.
#years #security #withdrawal #income
6 days ago
The Detroit Red Wings are moving forward without Dylan Larkin, and two of the team's biggest stars have made it clear that the remaining players aren't going to let the controversy derail their season.
Following Thursday night's emotional 4-1 victory over the Chicago Blackhawks, Moritz Seider and Alex DeBrincat spoke about the challenges facing Detroit after Larkin informed the organization he would no longer play while awaiting a trade.
And while neither player dismissed what Larkin has meant to the franchise, both emphasized the importance of having players who are committed to the team.
Their comments offered an interesting glimpse into a locker room suddenly facing life without its former captain.
Oct 24, 2026; Calgary, Alberta, CAN; Detroit Red Wings defenseman Moritz Seider (53) against the Calgary Flames during the second period at Scotiabank Saddledome. Mandatory Credit: Sergei Belski-Imagn Images Credit: IMAGN IMAGES via Reuters Connect (Reuters)
#larkin #wings #seider
Following Thursday night's emotional 4-1 victory over the Chicago Blackhawks, Moritz Seider and Alex DeBrincat spoke about the challenges facing Detroit after Larkin informed the organization he would no longer play while awaiting a trade.
And while neither player dismissed what Larkin has meant to the franchise, both emphasized the importance of having players who are committed to the team.
Their comments offered an interesting glimpse into a locker room suddenly facing life without its former captain.
Oct 24, 2026; Calgary, Alberta, CAN; Detroit Red Wings defenseman Moritz Seider (53) against the Calgary Flames during the second period at Scotiabank Saddledome. Mandatory Credit: Sergei Belski-Imagn Images Credit: IMAGN IMAGES via Reuters Connect (Reuters)
#larkin #wings #seider
6 days ago
Arsenal are preparing to launch negotiations over an extended deal for first-choice goalkeeper David Raya despite the Spaniard recently admitting he would like to play in his homeland one day. Meanwhile, neither Barcelona nor Real Madrid are expected to make an imminent move for the 31-year-old shot-stopper in upcoming transfer windows.
According to Football Insider, the north London hierarchy want to tie their Spanish custodian down beyond his current 2028 expiration date to fend off any future interest from La Liga. Speculation linking him with Spain's two biggest clubs emerged after he told Spanish media last week that he hopes to play in his native top flight eventually. However, the goalkeeper insisted in the same interview that he remains content at the Emirates Stadium.
Having silenced initial sceptics following his move from Brentford to establish himself as the Premier League's standout goalkeeper in recent seasons, Raya registered his fifth clean sheet in eight top-flight outings against Everton last weekend before narrowly losing out on Monday's Yashin Trophy to international team-mate Unai Simon.
Explaining why a switch to Spain is unlikely soon on the Transfer Insider podcast, journalist Pete O'Rourke said: "If he were to leave ******* nal, there's no immediate opening for one of the big boys in Spain right now as well. Barcelona have got Joan Garcia, and it looks like Courtois is going to sign a new contract at Real Madrid as well, so I don't see any opening for David Raya right now.
"The player is happy at ******* nal, and obviously ******* nal are very happy with him, so I think any potential move back to his native Spain will be probably on the back burner for a while just yet."
#spain #insider
According to Football Insider, the north London hierarchy want to tie their Spanish custodian down beyond his current 2028 expiration date to fend off any future interest from La Liga. Speculation linking him with Spain's two biggest clubs emerged after he told Spanish media last week that he hopes to play in his native top flight eventually. However, the goalkeeper insisted in the same interview that he remains content at the Emirates Stadium.
Having silenced initial sceptics following his move from Brentford to establish himself as the Premier League's standout goalkeeper in recent seasons, Raya registered his fifth clean sheet in eight top-flight outings against Everton last weekend before narrowly losing out on Monday's Yashin Trophy to international team-mate Unai Simon.
Explaining why a switch to Spain is unlikely soon on the Transfer Insider podcast, journalist Pete O'Rourke said: "If he were to leave ******* nal, there's no immediate opening for one of the big boys in Spain right now as well. Barcelona have got Joan Garcia, and it looks like Courtois is going to sign a new contract at Real Madrid as well, so I don't see any opening for David Raya right now.
"The player is happy at ******* nal, and obviously ******* nal are very happy with him, so I think any potential move back to his native Spain will be probably on the back burner for a while just yet."
#spain #insider
6 days ago
Mizzou Basketball lost their exhibition game against UNLV on Thursday night. The game didn't count, so as much as I'm not going to talk up their win over Kansas State, I'm not going to talk down this loss to UNLV. Winning always feel better than losing, regardless of whether the game counts or not. But it looked like Dennis Gates was willing to make a few concessions with his lineups early. Also, Jamier Jones, CJ Gunn, and Jaylen Carey were all sidelined and not dressed out.
Anyway, here's the box score screen cap from Statbroadcast:
There are 13 players listed as having played, but I don't remember Luke Northweather seeing the floor. But there was a lot to think about, so let me try to parse through things quickly, since the 9pm tip means I'm starting this out well after 11.
My biggest takeaway was that one team played a lot harder than the other. The Tigers didn't have their full foster of players, but neither did UNLV. But you could see early the Rebels were focused on crashing the glass and being incredibly physical.
Jason Crowe played 36 minutes, Toni Bryant played 28, Aidan Chronister played 15. Those three players were able to overwhelm K-State, a team who is very focused on skill. Against UNLV the three freshmen, and not just those three but the whole roster, just got bodied by the effort of the Rebels. Lindenwood transfer Dontrez Williams, a Sikeston native, was only 1-5 from the floor and scored just 4 points, but he was +21. Mainly because he was out there playing his ****** off.
#three #didn 't #talk
Anyway, here's the box score screen cap from Statbroadcast:
There are 13 players listed as having played, but I don't remember Luke Northweather seeing the floor. But there was a lot to think about, so let me try to parse through things quickly, since the 9pm tip means I'm starting this out well after 11.
My biggest takeaway was that one team played a lot harder than the other. The Tigers didn't have their full foster of players, but neither did UNLV. But you could see early the Rebels were focused on crashing the glass and being incredibly physical.
Jason Crowe played 36 minutes, Toni Bryant played 28, Aidan Chronister played 15. Those three players were able to overwhelm K-State, a team who is very focused on skill. Against UNLV the three freshmen, and not just those three but the whole roster, just got bodied by the effort of the Rebels. Lindenwood transfer Dontrez Williams, a Sikeston native, was only 1-5 from the floor and scored just 4 points, but he was +21. Mainly because he was out there playing his ****** off.
#three #didn 't #talk
7 days ago
NBA rumors: Will Suns use Jalen Green as trade bait to acquire PG help amid early frustrations? appeared first on ClutchPoints. Add ClutchPoints as a Preferred Source by clicking here.
The Phoenix Suns have stumbled out of the gate to a 1-2 record to start the 2026-27 NBA season. Devin Booker totaled just three points in the Suns' last game, a loss to the Oklahoma City Thunder, and Jalen Green has also had a rough start to the year.
Recently, ClutchPoints NBA insider Brett Siegel spoke on the possibility of the Suns looking for point guard help in their backcourt.
"Could the Suns look to make a trade for a point guard? Maybe. They're not going to rush into anything right now, given their cap situation, but they do have an interesting contract on their roster… Jalen Green. Does he fit in next to Devin Booker, because neither of those guys are a true point guard… maybe this is the year that (a Green trade) finally goes down," he said, per ClutchPoints on X, formerly Twitter.
Watch sports LIVE with fuboTV (free trial)
#guard #devin
The Phoenix Suns have stumbled out of the gate to a 1-2 record to start the 2026-27 NBA season. Devin Booker totaled just three points in the Suns' last game, a loss to the Oklahoma City Thunder, and Jalen Green has also had a rough start to the year.
Recently, ClutchPoints NBA insider Brett Siegel spoke on the possibility of the Suns looking for point guard help in their backcourt.
"Could the Suns look to make a trade for a point guard? Maybe. They're not going to rush into anything right now, given their cap situation, but they do have an interesting contract on their roster… Jalen Green. Does he fit in next to Devin Booker, because neither of those guys are a true point guard… maybe this is the year that (a Green trade) finally goes down," he said, per ClutchPoints on X, formerly Twitter.
Watch sports LIVE with fuboTV (free trial)
#guard #devin
17 days ago
The Stein Line has learned, however, that Cissé is a real candidate to be claimed off waived in the event he is let go. Chicago, sources say, has interest in the high-energy big man. I'm told Atlanta also has interest even though the Hawks don't currently have an open standard spot. If Cissé were to be waived Monday and then clear waivers Wednesday, I'm also told that the 76ers and Lakers would have strong interest in signing him to a two-way deal even though neither team currently has a two-way opening.
This article originally appeared on Hoops Hype: Lakers, Sixers would have interest in Moussa Cisse?
#ciss #even
This article originally appeared on Hoops Hype: Lakers, Sixers would have interest in Moussa Cisse?
#ciss #even
17 days ago
Barcelona manager Hansi Flick faces a defensive selection headache ahead of Tuesday's Champions League clash with Paris Saint-Germain, with injuries to Eric Garcia and Jules Kounde leaving him short of natural right-back options.
Garcia is expected to miss three to four weeks with a muscle injury, while Kounde has been ruled out of the trip to the Parc des Princes with an ankle sprain.
Their simultaneous absences leave Flick needing to reshape his defence for one of Barcelona's biggest tests of the season.
On that note, the likes of Xavi Espart and Joao Cancelo are the leading alternatives at right-back, although neither has played regularly in that position this season.
For now, Mundo Deportivo explains that the likely solution could see the academy graduate deployed on the right, with the more experienced Cancelo filling in on the opposite flank.
#flick #garcia
Garcia is expected to miss three to four weeks with a muscle injury, while Kounde has been ruled out of the trip to the Parc des Princes with an ankle sprain.
Their simultaneous absences leave Flick needing to reshape his defence for one of Barcelona's biggest tests of the season.
On that note, the likes of Xavi Espart and Joao Cancelo are the leading alternatives at right-back, although neither has played regularly in that position this season.
For now, Mundo Deportivo explains that the likely solution could see the academy graduate deployed on the right, with the more experienced Cancelo filling in on the opposite flank.
#flick #garcia
17 days ago
Gary Neville believes Manchester United's 1-1 draw at Leeds United on Sunday is a positive stride in the right direction.
United were on course for victory after Bryan Mbeumo put them ahead in the 35th minute.
The 27-year-old had failed to hit the target with a free header but quickly made amends by battling past James Justin to fire home Youri Tieleman's excellent pass.
Leeds came out much improved after the break and Dominic Calvert-Lewin scored the equaliser in the 51st minute.
Both teams had chances to win the game but neither could find the decisive finish as the points were shared.
#leeds #mbeumo
United were on course for victory after Bryan Mbeumo put them ahead in the 35th minute.
The 27-year-old had failed to hit the target with a free header but quickly made amends by battling past James Justin to fire home Youri Tieleman's excellent pass.
Leeds came out much improved after the break and Dominic Calvert-Lewin scored the equaliser in the 51st minute.
Both teams had chances to win the game but neither could find the decisive finish as the points were shared.
#leeds #mbeumo
17 days ago
Daniel Farke wasn't having it that Leeds United were the favourites for this game but there was nothing he could do about the level of expectation around his club going into it.
Last season Leeds drew this fixture 1-1 and then in April claimed their first league win at Old Trafford since 1981. Being truly competitive in the Premier League in both the post-promotion campaign and so far this term allowed supporters not only to dream of Elland Road glory on Sunday afternoon but perhaps even to expect it. Throw in the narrative surrounding the visitors given all that has transpired there of late and at the very least it felt like a big chance.
Yet if reality was to meet expectation, the first half did not make it immediately obvious. A frenetic first few minutes was as anticipated. Ethan Ampadu, leading the team out for the 100th time as captain, was at the heart of an aggressive start. He set the tone by levelling Carlos Baleba to concede one free-kick, then caught Bryan Mbeumo on the ankle to concede another, somehow without seeing yellow.
Neither Bruno Fernandes nor Gabriel Gudmundsson got away with their early transgressions, however. So it was tetchy and fractious, but the play that was punctuated by fouls was largely in the home side's favour. Leeds saw plenty of the ball, some of it in the opposition territory, and though there were dangerous-looking deliveries into the box, only Nico Elvedi's header - saved by Senne Lammens - threatened to open the scoring.
At the other end Mbeumo arrived completely unmarked to head Youri Tielemans' scooped cross past James Trafford's left-hand post. It was a let-off as much as a warning but there was very little between the teams in a first half full of huffing and puffing and largely devoid of magic.
#expectation #post #largely
Last season Leeds drew this fixture 1-1 and then in April claimed their first league win at Old Trafford since 1981. Being truly competitive in the Premier League in both the post-promotion campaign and so far this term allowed supporters not only to dream of Elland Road glory on Sunday afternoon but perhaps even to expect it. Throw in the narrative surrounding the visitors given all that has transpired there of late and at the very least it felt like a big chance.
Yet if reality was to meet expectation, the first half did not make it immediately obvious. A frenetic first few minutes was as anticipated. Ethan Ampadu, leading the team out for the 100th time as captain, was at the heart of an aggressive start. He set the tone by levelling Carlos Baleba to concede one free-kick, then caught Bryan Mbeumo on the ankle to concede another, somehow without seeing yellow.
Neither Bruno Fernandes nor Gabriel Gudmundsson got away with their early transgressions, however. So it was tetchy and fractious, but the play that was punctuated by fouls was largely in the home side's favour. Leeds saw plenty of the ball, some of it in the opposition territory, and though there were dangerous-looking deliveries into the box, only Nico Elvedi's header - saved by Senne Lammens - threatened to open the scoring.
At the other end Mbeumo arrived completely unmarked to head Youri Tielemans' scooped cross past James Trafford's left-hand post. It was a let-off as much as a warning but there was very little between the teams in a first half full of huffing and puffing and largely devoid of magic.
#expectation #post #largely
29 days ago
Sydney Sweeney and Scooter Braun may be thinking well beyond their next date night. The 29-year-old "Euphoria" and "The Housemaid" star has reportedly met with two rabbis as she considers converting to Judaism amid her increasingly serious relationship with Braun, according to Page Six. The reported meetings come as sources claim the couple has begun discussing marriage, children, and their future together.
Neither Sweeney nor Braun has publicly confirmed that she plans to convert.
Sweeney's reported interest in Judaism is connected to conversations she and Braun have been having about starting a family. (@ GC Images)
According to Page Six, Sweeney's reported interest in Judaism is connected to conversations she and Braun have been having about starting a family. "The couple is discussing having their own family, and Scooter feels strongly on the subject," an unnamed source told the outlet.
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#family #sweeney
Neither Sweeney nor Braun has publicly confirmed that she plans to convert.
Sweeney's reported interest in Judaism is connected to conversations she and Braun have been having about starting a family. (@ GC Images)
According to Page Six, Sweeney's reported interest in Judaism is connected to conversations she and Braun have been having about starting a family. "The couple is discussing having their own family, and Scooter feels strongly on the subject," an unnamed source told the outlet.
You may also like
#family #sweeney
29 days ago
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High street lender Barclays has become the latest bank to introduce a ***** per switching bonus for customers.
Customers could get up to £600 when switching to a Barclays account, making it the highest-paying deal on the market.
However, there are a few hoops to jump through if you want the full £600, and not everyone is eligible for the free cash.
The £600 offer is only available to those who switch to a Barclays Premier account. It pays customers £350 for switching, plus £150 in monthly rewards. Neither is subject to UK income tax.
#switching #future #high
High street lender Barclays has become the latest bank to introduce a ***** per switching bonus for customers.
Customers could get up to £600 when switching to a Barclays account, making it the highest-paying deal on the market.
However, there are a few hoops to jump through if you want the full £600, and not everyone is eligible for the free cash.
The £600 offer is only available to those who switch to a Barclays Premier account. It pays customers £350 for switching, plus £150 in monthly rewards. Neither is subject to UK income tax.
#switching #future #high
29 days ago
Zendaya is facing backlash after a video of her meeting France's First Lady went viral. The clip, shared by Paris Match, shows the actress staying seated while Brigitte Macron stopped by to say ******* o at the Louis Vuitton show during Paris Fashion Week. The brief moment has caught everyone's attention online, with many debating whether she should have stood up.
Zendaya's seated ******* o to Brigitte Macron leaves social media divided. The 30-year-old actress sat in the front row at Louis Vuitton's Spring/Summer 2027 show on Tuesday. The show was held in the Cour Carrée of the Louvre.
In the video shared online, Macron, 73, walks through the front row, greeting guests like Pharrell Williams and Lisa of BLACKPINK. She then pauses to speak with Zendaya. At first glance, the exchange looks warm and friendly. But upon closer look, Zendaya never rises from her seat. Reportedly, she said ******* o, told Macron it was a pleasure to meet her, and shook her hand.
The clip quickly sparked debate online. Some viewers criticized Zendaya for remaining seated, with one viral reaction saying she "gotta get up" when the First Lady says ******* o. Many viewers agreed, saying standing would have been the polite thing to do. "When the Premier Dame from France Talks to You please get up," one Instagram user wrote. Another commenter, who said she loves Zendaya, noted that American culture seems more relaxed about formalities than others.
Others came to her defense. Some fans suggested she may have been caught off guard, pointing out that the greeting was quick and unplanned. A few added that a busy front row at a fashion show isn't exactly a formal setting, and that Zendaya came across as gracious and polite throughout. Neither Zendaya nor Macron has addressed the reactions yet. For the unversed, Zendaya is a Louis Vuitton ambassador and a regular at the brand's Paris shows.
#hello #louis #show #front
Zendaya's seated ******* o to Brigitte Macron leaves social media divided. The 30-year-old actress sat in the front row at Louis Vuitton's Spring/Summer 2027 show on Tuesday. The show was held in the Cour Carrée of the Louvre.
In the video shared online, Macron, 73, walks through the front row, greeting guests like Pharrell Williams and Lisa of BLACKPINK. She then pauses to speak with Zendaya. At first glance, the exchange looks warm and friendly. But upon closer look, Zendaya never rises from her seat. Reportedly, she said ******* o, told Macron it was a pleasure to meet her, and shook her hand.
The clip quickly sparked debate online. Some viewers criticized Zendaya for remaining seated, with one viral reaction saying she "gotta get up" when the First Lady says ******* o. Many viewers agreed, saying standing would have been the polite thing to do. "When the Premier Dame from France Talks to You please get up," one Instagram user wrote. Another commenter, who said she loves Zendaya, noted that American culture seems more relaxed about formalities than others.
Others came to her defense. Some fans suggested she may have been caught off guard, pointing out that the greeting was quick and unplanned. A few added that a busy front row at a fashion show isn't exactly a formal setting, and that Zendaya came across as gracious and polite throughout. Neither Zendaya nor Macron has addressed the reactions yet. For the unversed, Zendaya is a Louis Vuitton ambassador and a regular at the brand's Paris shows.
#hello #louis #show #front
1 month ago
Prince William has a strong one-word nickname for Prince Harry and Charles Spencer. As per reports, the Prince of Wales was blindsided by the claims and allegations his uncle levied against King Charles and the royal family in his recent Princess Diana memoir. Spencer reportedly insists that he had informed William and Harry at the same time. However, multiple sources have alleged that the future king was furious upon learning the contents of the book.
Prince William is reportedly angry after learning that Prince Harry had prior knowledge of Charles Spencer's book. According to a source attached to Heat World, William has branded Harry and Spencer as "traitors". The source elaborated: "William is seeing this alliance that Harry has formed with their uncle and it's got him incensed and calling both Harry and Earl Spencer traitors."
The source explained that the Duke of Sussex has sided with his uncle amid his ongoing rift with the royal family. However, Harry has not publicly expressed support for Spencer or commented on the memoir. His silence has reportedly fueled William's frustration, according to the source.
The Prince of Wales reportedly suspects Harry had read the book and knew what Spencer planned to reveal. While Charles reportedly wants to move past the issue, William is said to be willing to confront his brother. According to Rob Shuter's report, both King Charles and William were surprised by the memoir's contents. Neither reportedly received an advance copy. However, a source claimed that Harry received a copy weeks before its official release.
William and King Charles reportedly learned about the memoir's more controversial claims as excerpts emerged publicly. Rob Shuter's source alleged that Spencer gave Harry preferential treatment over William. The source said: "Harry had the book weeks ago. Charles Spencer wanted Harry to understand exactly what he was going to say about Diana before the world read it. Harry was brought inside the circle. William was kept outside it."
#harry #however #book
Prince William is reportedly angry after learning that Prince Harry had prior knowledge of Charles Spencer's book. According to a source attached to Heat World, William has branded Harry and Spencer as "traitors". The source elaborated: "William is seeing this alliance that Harry has formed with their uncle and it's got him incensed and calling both Harry and Earl Spencer traitors."
The source explained that the Duke of Sussex has sided with his uncle amid his ongoing rift with the royal family. However, Harry has not publicly expressed support for Spencer or commented on the memoir. His silence has reportedly fueled William's frustration, according to the source.
The Prince of Wales reportedly suspects Harry had read the book and knew what Spencer planned to reveal. While Charles reportedly wants to move past the issue, William is said to be willing to confront his brother. According to Rob Shuter's report, both King Charles and William were surprised by the memoir's contents. Neither reportedly received an advance copy. However, a source claimed that Harry received a copy weeks before its official release.
William and King Charles reportedly learned about the memoir's more controversial claims as excerpts emerged publicly. Rob Shuter's source alleged that Spencer gave Harry preferential treatment over William. The source said: "Harry had the book weeks ago. Charles Spencer wanted Harry to understand exactly what he was going to say about Diana before the world read it. Harry was brought inside the circle. William was kept outside it."
#harry #however #book
1 month ago
Rob Reiner's death cast a different light on the friendship he shared with Michael Douglas, but the connection between the two men was forged long before their relationship became part of a tragic story.
Michael has now revealed that some of their most meaningful conversations centered on their sons and the pain of watching them struggle with drug issues.
In his memoir, "One ****** uva Ride," the 82-year-old recalled a friendship where two fathers could speak openly when neither had easy answers.
Spread Pictures / MEGA
For Michael Douglas, the family struggle was deeply personal. His son Cameron Douglas battled addiction and eventually served seven years in federal prison on drug-related charges.
#pictures
Michael has now revealed that some of their most meaningful conversations centered on their sons and the pain of watching them struggle with drug issues.
In his memoir, "One ****** uva Ride," the 82-year-old recalled a friendship where two fathers could speak openly when neither had easy answers.
Spread Pictures / MEGA
For Michael Douglas, the family struggle was deeply personal. His son Cameron Douglas battled addiction and eventually served seven years in federal prison on drug-related charges.
#pictures
1 month ago
Actress Jaime King and investment banker Austin Sosa have ended their marriage after completing California's required waiting period. A Los Angeles County Superior Court judge signed the final dissolution decree Friday, October 2, making the pair legally single.
According to court records cited by PEOPLE, neither King nor Sosa will receive spousal support. The court permanently ended King's ability to seek payments from Sosa, while Sosa waived his right to receive ongoing support from the actress.
The couple did not have children together, so their divorce did not require custody or child support arrangements. Sosa's initial filing also stated that the pair had no community property, real estate, or marital debts that needed to be divided by the court.
The divorce follows a brief marriage. King and Sosa reportedly married in April 2025 and publicly announced their engagement that July. Sosa filed for divorce on January 22, citing irreconcilable differences.
California law requires a divorce to remain pending for at least six months after the respondent receives the petition and summons. The final court decision came nearly nine months after the initial filing.
#sosa #divorce
According to court records cited by PEOPLE, neither King nor Sosa will receive spousal support. The court permanently ended King's ability to seek payments from Sosa, while Sosa waived his right to receive ongoing support from the actress.
The couple did not have children together, so their divorce did not require custody or child support arrangements. Sosa's initial filing also stated that the pair had no community property, real estate, or marital debts that needed to be divided by the court.
The divorce follows a brief marriage. King and Sosa reportedly married in April 2025 and publicly announced their engagement that July. Sosa filed for divorce on January 22, citing irreconcilable differences.
California law requires a divorce to remain pending for at least six months after the respondent receives the petition and summons. The final court decision came nearly nine months after the initial filing.
#sosa #divorce
1 month ago
British royals in the line of succession to the throne are driven by tradition, and that includes their names. While they are known formally by official ****** les, neither they nor their children use those ****** les in school.
According to ****** O!, Prince William and Princess Kate's three children use first and last names while at school. As for the surname, that's reportedly already changed once, and it's all about their parents' ****** les.
Prince George, 13, is enrolled at Eton College, while his younger siblings Princess Charlotte, 11, and Prince Louis, 8, attend Lambrook Prep School in Berkshire. At both schools, the children are known by the surname Wales, a nod to William and Kate, both 44, becoming the Prince and Princess of Wales after Queen Elizabeth II's 2022 death, per the outlet.
MEGA
Prior to these new ****** les, William and Kate were the Duke and ****** ss of Cambridge. As such, their children at that time went by the surname Cambridge at school.
#prince #children #wales #cambridge
According to ****** O!, Prince William and Princess Kate's three children use first and last names while at school. As for the surname, that's reportedly already changed once, and it's all about their parents' ****** les.
Prince George, 13, is enrolled at Eton College, while his younger siblings Princess Charlotte, 11, and Prince Louis, 8, attend Lambrook Prep School in Berkshire. At both schools, the children are known by the surname Wales, a nod to William and Kate, both 44, becoming the Prince and Princess of Wales after Queen Elizabeth II's 2022 death, per the outlet.
MEGA
Prior to these new ****** les, William and Kate were the Duke and ****** ss of Cambridge. As such, their children at that time went by the surname Cambridge at school.
#prince #children #wales #cambridge
1 month ago
Princess Eugenie was reportedly left "horrified" after a deeply personal gift from Meghan Markle mysteriously appeared on eBay with a staggering $26,500 asking price. The item was a copy of Meghan's children's book, "The Bench," apparently inscribed to Eugenie and her husband, Jack Brooksbank, following the birth of their son August. After its discovery fueled speculation about the women's relationship, Eugenie allegedly contacted Meghan directly to apologize and insist that she had never knowingly sold or discarded the book.
MEGA
A source claimed Eugenie reached out after learning that the personalized book had surfaced online.
"Eugenie called Meghan herself. She was horrified the book had somehow ended up for sale," the insider told Rob Shuter's "Naughty But Nice" Substack, according to The Express US.
The source added that Eugenie made it clear she would never knowingly sell a personal present from Meghan. The **** ss reportedly accepted the explanation and did not blame her for the book appearing on eBay. Neither woman has publicly confirmed the alleged conversation, and it remains unclear how the seller obtained the copy. Its authenticity has also not been independently verified. Still, the reported phone call suggests Eugenie understood how the listing could look, particularly amid recent claims that her once-close relationship with Prince Harry and Meghan has cooled.
#reportedly #horrified #copy #never
MEGA
A source claimed Eugenie reached out after learning that the personalized book had surfaced online.
"Eugenie called Meghan herself. She was horrified the book had somehow ended up for sale," the insider told Rob Shuter's "Naughty But Nice" Substack, according to The Express US.
The source added that Eugenie made it clear she would never knowingly sell a personal present from Meghan. The **** ss reportedly accepted the explanation and did not blame her for the book appearing on eBay. Neither woman has publicly confirmed the alleged conversation, and it remains unclear how the seller obtained the copy. Its authenticity has also not been independently verified. Still, the reported phone call suggests Eugenie understood how the listing could look, particularly amid recent claims that her once-close relationship with Prince Harry and Meghan has cooled.
#reportedly #horrified #copy #never
1 month ago
New York City Ballet principal dancer Sara Mearns is engaged to longtime boyfriend Gavin Kelley. Mearns, 40, announced the news in an exclusive interview with PEOPLE published Oct. 3.
"Being a human for 40 years and a dancer for 37 of them has led me to my soulmate," Mearns said. She added that she would willingly live through the difficult and joyful parts of her past again knowing Kelley would eventually be part of her life.
PEOPLE describes Kelley, 50, as an art organization director and writer. The couple has kept its long-term relationship largely private, and neither has publicly established exactly when they began dating.
Mearns was previously married to choreographer Joshua Bergasse from 2018 to 2024. No wedding date or other ceremony details for Mearns and Kelley have been announced.
One of Mearns' few public posts with Kelley came on Christmas Day 2025. She shared a photograph of him presenting her with a bouquet onstage at the David H. Koch Theater at Lincoln Center before the two embraced.
#kelley #city #sara
"Being a human for 40 years and a dancer for 37 of them has led me to my soulmate," Mearns said. She added that she would willingly live through the difficult and joyful parts of her past again knowing Kelley would eventually be part of her life.
PEOPLE describes Kelley, 50, as an art organization director and writer. The couple has kept its long-term relationship largely private, and neither has publicly established exactly when they began dating.
Mearns was previously married to choreographer Joshua Bergasse from 2018 to 2024. No wedding date or other ceremony details for Mearns and Kelley have been announced.
One of Mearns' few public posts with Kelley came on Christmas Day 2025. She shared a photograph of him presenting her with a bouquet onstage at the David H. Koch Theater at Lincoln Center before the two embraced.
#kelley #city #sara
1 month ago
While Shivon Zilis shared the news of her breakup with Elon Musk, the tech billionaire went on a posting spree on X.
Zilis — an executive at Musk's tech company Neuralink and the mother of four of his children — posted on X at 10:07 a.m. ET, sharing a lengthy explanation surrounding the breakup.
"It's hard to go from in love to let go in a week with no warning, but that's just how it is sometimes," Zilis began.
Musk, meanwhile, neither responded to Zilis's post nor wrote one of his own about the split.
Instead, he posted multiple times about his companies ****** eX, Starlink, and Tesla, while also welcoming Paramount Skydance CEO David Ellison to X — the social media platform he bought for $44 billion in 2022.
#breakup #neuralink
Zilis — an executive at Musk's tech company Neuralink and the mother of four of his children — posted on X at 10:07 a.m. ET, sharing a lengthy explanation surrounding the breakup.
"It's hard to go from in love to let go in a week with no warning, but that's just how it is sometimes," Zilis began.
Musk, meanwhile, neither responded to Zilis's post nor wrote one of his own about the split.
Instead, he posted multiple times about his companies ****** eX, Starlink, and Tesla, while also welcoming Paramount Skydance CEO David Ellison to X — the social media platform he bought for $44 billion in 2022.
#breakup #neuralink
2 months ago
Forgent Power Solutions, Inc. (NYSE:FPS) reported fiscal fourth-quarter revenue of approximately $462 million on September 15, up 94% year over year. Bookings reached $1.503 billion, increasing 375%, while backlog stood at $3.0 billion as of June 30, 2026.
The reported 3.3 times book-to-bill ratio compares quarterly bookings with quarterly revenue. Bookings and backlog are operating measures of order activity and outstanding contractual work, respectively. Neither represents cash collected, and backlog does not guarantee the timing of future revenue.
Forgent Power Solutions, Inc. (NYSE:FPS) expects fiscal 2027 revenue of $2.4 billion to $2.6 billion, implying 76% growth at the midpoint. The question is whether factories, employees, and working capital can support that expansion while preserving cash generation.
Forgent Power Solutions, Inc. (NYSE:FPS) already has evidence of stronger production economics. Fourth-quarter operating income reached $91.9 million, compared with $8.3 million a year earlier. Operating cash flow was $74 million, exceeding the quarter's $31 million of capital expenditures.
Those results suggest that rising output is beginning to cover the costs of expansion. Management attributed stronger profitability partly to revenue growing faster than operating costs as new campuses approached target production levels.
#operating #power #solutions #NYSE
The reported 3.3 times book-to-bill ratio compares quarterly bookings with quarterly revenue. Bookings and backlog are operating measures of order activity and outstanding contractual work, respectively. Neither represents cash collected, and backlog does not guarantee the timing of future revenue.
Forgent Power Solutions, Inc. (NYSE:FPS) expects fiscal 2027 revenue of $2.4 billion to $2.6 billion, implying 76% growth at the midpoint. The question is whether factories, employees, and working capital can support that expansion while preserving cash generation.
Forgent Power Solutions, Inc. (NYSE:FPS) already has evidence of stronger production economics. Fourth-quarter operating income reached $91.9 million, compared with $8.3 million a year earlier. Operating cash flow was $74 million, exceeding the quarter's $31 million of capital expenditures.
Those results suggest that rising output is beginning to cover the costs of expansion. Management attributed stronger profitability partly to revenue growing faster than operating costs as new campuses approached target production levels.
#operating #power #solutions #NYSE
2 months ago
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
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
2 months ago
The State Department's approval of two potential arms sales to Saudi Arabia totaling $5.75 billion, including JDAM-ER munitions and AGT-1500 tank engines, offers a modest but meaningful data point for two very different defense players. For The Boeing Company (NYSE:BA), the potential sale represents an additional international defense opportunity as the company continues working through margin pressure elsewhere. For Honeywell Aerospace Inc. (NASDAQ:HONA), the package reinforces a stable business line while the firm tackles its first quarter as a standalone public company.
The State Department approved a potential $5 billion sale of JDAM-ER guidance kits and bombs to Saudi Arabia, along with a separate potential $750 million deal for AGT-1500 tank engines. The JDAM package consists of 5,004 KMU-572 and 5,000 KMU-556 JDAM guidance kits and 5,004 BLU-111 and 5,000 BLU-117 bombs. Boeing has been identified as the principal contractor for the JDAM-ERs, with Honeywell handling the engines. The State Department said the sales would strengthen Saudi Arabia's airborne defense capabilities and improve interoperability with U.S. and Gulf partner forces.
Boeing stands to gain only modestly from the deal, given its roughly $85 billion Defense, ******* e and Security backlog. International orders already account for 27% of that total. The segment reported a second-quarter operating loss, largely due to charges tied to the VC-25B (Air Force One) program. That makes mature, lower-risk munitions programs such as JDAM-ER a more dependable part of the portfolio, though the deal is unlikely to have a meaningful impact on margins. For Honeywell Aerospace, the contract is smaller, but the AGT-1500 fits within its established defense propulsion business. It also adds to the company's international defence business, which makes up about 30% of its total Defense and ******* e revenue.
Honeywell Aerospace is owned by 74 hedge funds as of Q2 2026, which is consistent with Honeywell (NASDAQ:HON) hedge fund ownership prior to the spinoff. Unlike Honeywell, the number of hedge funds holding Boeing stock dropped from 99 at the end of the first quarter of fiscal 2026 to 90 at the end of Q2 2026.
Neither potential sale is large enough to have a meaningful impact on either company's short-term results by itself. Still, each supports a different investment story. For Boeing, the potential sales add to international defense exposure if finalized, as its defense unit continues dealing with fixed-price losses. For Honeywell, they support the steady flow of high-margin legacy revenue across its broader defense franchise.
#international #saudi
The State Department approved a potential $5 billion sale of JDAM-ER guidance kits and bombs to Saudi Arabia, along with a separate potential $750 million deal for AGT-1500 tank engines. The JDAM package consists of 5,004 KMU-572 and 5,000 KMU-556 JDAM guidance kits and 5,004 BLU-111 and 5,000 BLU-117 bombs. Boeing has been identified as the principal contractor for the JDAM-ERs, with Honeywell handling the engines. The State Department said the sales would strengthen Saudi Arabia's airborne defense capabilities and improve interoperability with U.S. and Gulf partner forces.
Boeing stands to gain only modestly from the deal, given its roughly $85 billion Defense, ******* e and Security backlog. International orders already account for 27% of that total. The segment reported a second-quarter operating loss, largely due to charges tied to the VC-25B (Air Force One) program. That makes mature, lower-risk munitions programs such as JDAM-ER a more dependable part of the portfolio, though the deal is unlikely to have a meaningful impact on margins. For Honeywell Aerospace, the contract is smaller, but the AGT-1500 fits within its established defense propulsion business. It also adds to the company's international defence business, which makes up about 30% of its total Defense and ******* e revenue.
Honeywell Aerospace is owned by 74 hedge funds as of Q2 2026, which is consistent with Honeywell (NASDAQ:HON) hedge fund ownership prior to the spinoff. Unlike Honeywell, the number of hedge funds holding Boeing stock dropped from 99 at the end of the first quarter of fiscal 2026 to 90 at the end of Q2 2026.
Neither potential sale is large enough to have a meaningful impact on either company's short-term results by itself. Still, each supports a different investment story. For Boeing, the potential sales add to international defense exposure if finalized, as its defense unit continues dealing with fixed-price losses. For Honeywell, they support the steady flow of high-margin legacy revenue across its broader defense franchise.
#international #saudi
2 months ago
Hub Group, Inc. (NASDAQ:HUBG) disclosed on September 14 that preliminary, unaudited first-half 2026 revenue was expected to reach $1.7 billion to $1.8 billion, near management's expectations. Yet management anticipated an operating loss before one-time charges. This non-GAAP presentation excludes those charges, but neither the loss nor the exclusions were quantified.
Hub Group, Inc. (NASDAQ:HUBG) identified higher fuel, rail, and drayage costs, excess warehouse capacity, and accounting-review and restatement expenses. The central issue is whether pricing and efficiency improvements can restore profitability on the revenue already moving through the business.
Hub Group, Inc. (NASDAQ:HUBG) began implementing rate increases in the third quarter, after transportation costs had pressured first-half results. Relatively stable intermodal volume trends suggest an existing customer base on which better pricing could improve margins. If increases hold without significant volume losses, revenue could become more profitable without requiring a broad freight recovery.
Hub Group, Inc. (NASDAQ:HUBG) also launched additional efficiency initiatives in the second quarter, including warehouse consolidation and improvements in driver and warehouse-worker productivity. These actions address specific weaknesses: underused ***** e spreads fixed costs across fewer orders, while low productivity raises the cost of each shipment or handling task. Better utilization could reinforce the benefit of higher rates.
Hub Group, Inc. (NASDAQ:HUBG) is also targeting order-to-cash processes, which cover the steps from taking orders through billing and collection. Improvements could reduce administrative friction and accelerate cash collection. That would support liquidity while operational changes take effect, although faster collections alone would not repair an operating loss.
#improvements #better
Hub Group, Inc. (NASDAQ:HUBG) identified higher fuel, rail, and drayage costs, excess warehouse capacity, and accounting-review and restatement expenses. The central issue is whether pricing and efficiency improvements can restore profitability on the revenue already moving through the business.
Hub Group, Inc. (NASDAQ:HUBG) began implementing rate increases in the third quarter, after transportation costs had pressured first-half results. Relatively stable intermodal volume trends suggest an existing customer base on which better pricing could improve margins. If increases hold without significant volume losses, revenue could become more profitable without requiring a broad freight recovery.
Hub Group, Inc. (NASDAQ:HUBG) also launched additional efficiency initiatives in the second quarter, including warehouse consolidation and improvements in driver and warehouse-worker productivity. These actions address specific weaknesses: underused ***** e spreads fixed costs across fewer orders, while low productivity raises the cost of each shipment or handling task. Better utilization could reinforce the benefit of higher rates.
Hub Group, Inc. (NASDAQ:HUBG) is also targeting order-to-cash processes, which cover the steps from taking orders through billing and collection. Improvements could reduce administrative friction and accelerate cash collection. That would support liquidity while operational changes take effect, although faster collections alone would not repair an operating loss.
#improvements #better
2 months ago
Ascendis Pharma A/S (NASDAQ:ASND) announced on September 14 that it will regain exclusive rights to develop, manufacture, and commercialize TransCon products in metabolic and cardiovascular diseases following the termination of its collaboration with Novo Nordisk A/S (NYSE:NVO).
The rights include once-monthly TransCon Semaglutide, an investigational long-acting prodrug of semaglutide intended for obesity and type 2 diabetes. Neither party will have continuing financial obligations to the other. Once termination becomes effective and the rights revert, management plans to initiate multiple programs across rare and large indications.
The investment question is whether greater control over future products can justify the resources needed to develop them.
Ascendis Pharma A/S (NASDAQ:ASND) would regain flexibility over which indications to pursue, how quickly to advance candidates, and whether to seek another partner. Successful independent development could retain more of a product's commercial economics, while a new collaboration could provide another way to share costs and risk.
Monthly dosing offers a clear development objective. If clinical studies demonstrate effective treatment with acceptable tolerability, fewer injections could make long-term therapy more convenient. That potential benefit would matter most if it helps patients stay on treatment without sacrificing outcomes.
#ascendis #pharma #asnd #regain
The rights include once-monthly TransCon Semaglutide, an investigational long-acting prodrug of semaglutide intended for obesity and type 2 diabetes. Neither party will have continuing financial obligations to the other. Once termination becomes effective and the rights revert, management plans to initiate multiple programs across rare and large indications.
The investment question is whether greater control over future products can justify the resources needed to develop them.
Ascendis Pharma A/S (NASDAQ:ASND) would regain flexibility over which indications to pursue, how quickly to advance candidates, and whether to seek another partner. Successful independent development could retain more of a product's commercial economics, while a new collaboration could provide another way to share costs and risk.
Monthly dosing offers a clear development objective. If clinical studies demonstrate effective treatment with acceptable tolerability, fewer injections could make long-term therapy more convenient. That potential benefit would matter most if it helps patients stay on treatment without sacrificing outcomes.
#ascendis #pharma #asnd #regain
2 months ago
Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Thursday's trading session was a good one for Intel shareholders. The chipmaker's stock closed up about 8%, a day after a Reuters report that the company held exploratory talks about a deal with SK Hynix to produce memory chips in the U.S.
The deal could see SK Hynix lease part of Intel's new Ohio mega-campus, though neither company has confirmed. Another scenario, per Reuters, could be a joint venture between the two firms and cloud computing companies who need the firehose of memory.
Nasdaq-listed SK Hynix shares closed up nearly 5%.
One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.
#Stock #NVIDIA #reuters #here
Thursday's trading session was a good one for Intel shareholders. The chipmaker's stock closed up about 8%, a day after a Reuters report that the company held exploratory talks about a deal with SK Hynix to produce memory chips in the U.S.
The deal could see SK Hynix lease part of Intel's new Ohio mega-campus, though neither company has confirmed. Another scenario, per Reuters, could be a joint venture between the two firms and cloud computing companies who need the firehose of memory.
Nasdaq-listed SK Hynix shares closed up nearly 5%.
One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.
#Stock #NVIDIA #reuters #here
2 months ago
Stocks slid Wednesday afternoon after Federal Reserve Chair Kevin Warsh followed the central bank's first rate hike in three years with a press conference that hinted it wouldn't be the last.
The S&P 500 dropped 1%, heading toward its lowest close since July. The Dow Jones Industrial Average fell 1.7%, or more than 700 points, with financial shares leading the decline. The Nasdaq Composite fell 0.8%. The 10-year Treasury yield held near 5% a day after touching its highest level since 2007, and the dollar index climbed 0.6% to its strongest since late July.
Markets had priced in the quarter-point increase itself and initially took it in stride. All three indexes were higher before the 2 p.m. decision. The selling started during the press conference.
Warsh was on a tightrope going in. The question was whether he'd frame the hike as a one-off adjustment—which risked the bond market reading it as too little to deter inflation—or as the start of a longer cycle. He did neither, and instead went in a more hawkish direction. "I would be hard pressed to describe broad financial conditions as restrictive," he said in his opening remarks. "This view was widely shared by the committee, so we removed a dose of accommodation."
That's a new way of describing a rate hike, and one investors aren't used to. Under his predecessor, Jerome Powell, the Fed called policy "modestly restrictive," meaning rates were already high enough to slow the economy. Warsh was saying that at 3.5%–3.75%, they weren't—and by implication, one quarter point may not have gotten them there either. Asked directly, he declined to say whether policy is restrictive now.
#hike #press
The S&P 500 dropped 1%, heading toward its lowest close since July. The Dow Jones Industrial Average fell 1.7%, or more than 700 points, with financial shares leading the decline. The Nasdaq Composite fell 0.8%. The 10-year Treasury yield held near 5% a day after touching its highest level since 2007, and the dollar index climbed 0.6% to its strongest since late July.
Markets had priced in the quarter-point increase itself and initially took it in stride. All three indexes were higher before the 2 p.m. decision. The selling started during the press conference.
Warsh was on a tightrope going in. The question was whether he'd frame the hike as a one-off adjustment—which risked the bond market reading it as too little to deter inflation—or as the start of a longer cycle. He did neither, and instead went in a more hawkish direction. "I would be hard pressed to describe broad financial conditions as restrictive," he said in his opening remarks. "This view was widely shared by the committee, so we removed a dose of accommodation."
That's a new way of describing a rate hike, and one investors aren't used to. Under his predecessor, Jerome Powell, the Fed called policy "modestly restrictive," meaning rates were already high enough to slow the economy. Warsh was saying that at 3.5%–3.75%, they weren't—and by implication, one quarter point may not have gotten them there either. Asked directly, he declined to say whether policy is restrictive now.
#hike #press
