7 mins. ago
Brad Pitt and Angelina Jolie separated in September 2016 after a family flight on a private jet
A source close to Jolie tells PEOPLE that it's "been a very difficult and painful decade for her," but she's "hoping this next chapter will be easier"
A Pitt source calls it a "tragedy" that there's "very little communication right now" between the F1 star and the six kids he shares with his ex-wife
A decade after Brad Pitt and Angelina Jolie's headline-making split, those close to the former couple are shedding light on their lives now.
On Sept. 14, 2016, the actors and their six children took a private jet flight that would mark the end of a 12-year relationship and two-year marriage.
#brad #angelina #source #close
A source close to Jolie tells PEOPLE that it's "been a very difficult and painful decade for her," but she's "hoping this next chapter will be easier"
A Pitt source calls it a "tragedy" that there's "very little communication right now" between the F1 star and the six kids he shares with his ex-wife
A decade after Brad Pitt and Angelina Jolie's headline-making split, those close to the former couple are shedding light on their lives now.
On Sept. 14, 2016, the actors and their six children took a private jet flight that would mark the end of a 12-year relationship and two-year marriage.
#brad #angelina #source #close
11 mins. ago
Sept 13 (Reuters) - Former U.S. President Barack Obama has warned that artificial intelligence could be "dangerous" if not properly managed, and urged Democrats to frame policy and governance agendas to tackle the issue, the New York Times said on Sunday.
The remarks at a recent private fundraising event come as growing numbers of U.S. lawmakers call for tougher rules on AI systems after dire warnings from two Anthropic researchers that rapid industry progress risks extinction of the human race.
"This is something that is moving very fast in private hands, and if we don't get on top of it, I think can be dangerous," the newspaper quoted Obama as saying on Thursday.
Citing a partial transcript of remarks from Obama's office, the paper said he encouraged House Minority Leader Hakeem Jeffries to help shape a public conversation on AI policy if Democrats regained the House in midterm elections on November 3.
"Once you are speaker, I would strongly urge that the Democrats put together a framework for a very public conversation," Obama told Jeffries, the paper added.
#obama #democrats #private
The remarks at a recent private fundraising event come as growing numbers of U.S. lawmakers call for tougher rules on AI systems after dire warnings from two Anthropic researchers that rapid industry progress risks extinction of the human race.
"This is something that is moving very fast in private hands, and if we don't get on top of it, I think can be dangerous," the newspaper quoted Obama as saying on Thursday.
Citing a partial transcript of remarks from Obama's office, the paper said he encouraged House Minority Leader Hakeem Jeffries to help shape a public conversation on AI policy if Democrats regained the House in midterm elections on November 3.
"Once you are speaker, I would strongly urge that the Democrats put together a framework for a very public conversation," Obama told Jeffries, the paper added.
#obama #democrats #private
11 mins. ago
Princess Charlotte has revealed a new sporting passion, and it has a surprisingly strong connection to her royal family history. The 11-year-old princess has been seen showing off her cricket skills in family footage released by the Prince and Princess of Wales, drawing attention to a sport that was once a favorite of her great-grandfather, Prince Philip.
Prince Louis reveals what Princess Charlotte really thinks of his surprising new skill (@ Karwai Tang)
Now cricket is also getting an upgrade at Sandringham, King Charles III's private Norfolk estate, and the location of Anmer Hall, the Prince and Princess of Wales' country home. Plans call for improvements to the estate's cricket ground, creating an intriguing link between Charlotte's newfound enthusiasm, her grandfather's royal estate, and a sporting tradition that stretches back generations.
According to an exclusive report in The Sun, the Sandringham and Dersingham Cricket Club, which has long used the cricket ground on the royal estate, is planning to install an all-weather artificial surface.
A planning application submitted to the Borough Council of King's Lynn and West Norfolk details the £9,000 project, which is designed to extend playing hours and help protect the natural grass during periods of heavy rain or intensive use.
#Cricket #prince #norfolk
Prince Louis reveals what Princess Charlotte really thinks of his surprising new skill (@ Karwai Tang)
Now cricket is also getting an upgrade at Sandringham, King Charles III's private Norfolk estate, and the location of Anmer Hall, the Prince and Princess of Wales' country home. Plans call for improvements to the estate's cricket ground, creating an intriguing link between Charlotte's newfound enthusiasm, her grandfather's royal estate, and a sporting tradition that stretches back generations.
According to an exclusive report in The Sun, the Sandringham and Dersingham Cricket Club, which has long used the cricket ground on the royal estate, is planning to install an all-weather artificial surface.
A planning application submitted to the Borough Council of King's Lynn and West Norfolk details the £9,000 project, which is designed to extend playing hours and help protect the natural grass during periods of heavy rain or intensive use.
#Cricket #prince #norfolk
25 mins. ago
Kylie Jenner has officially sold her longtime Hidden Hills mansion for $15.3 million. The 29-year-old multi-million-dollar beauty brand founder originally wanted $20.25 million for the property, but the final deal came after a series of price changes. The sale also comes as Jenner works on a new dream home nearby.
As per TMZ, the sale was completed on Friday, Sept. 11, according to property records. Jenner first put the mansion on the market for $20.25 million in March. A month later, the asking price dropped by $2.3 million to $17.99 million before the property eventually sold for $15.3 million.
The home had already entered a pending sale status by Wednesday, Sept. 2. However, the final price came in about $2.7 million below the reduced asking price and nearly $5 million under the original listing price.
Jenner bought the property for $12.05 million in late 2016 when she was 19. The sprawling estate covers more than 13,000 square feet and sits on a private 1.4-acre lot.
The eight-bedroom home features a private theater, game room with a wet bar, office with a fireplace, gym and massage room. The property also includes eight full bathrooms, along with an attached guest residence that has its own entrance, bedroom, bathroom, kitchenette, sitting area and courtyard.
#price #sale #home #final
As per TMZ, the sale was completed on Friday, Sept. 11, according to property records. Jenner first put the mansion on the market for $20.25 million in March. A month later, the asking price dropped by $2.3 million to $17.99 million before the property eventually sold for $15.3 million.
The home had already entered a pending sale status by Wednesday, Sept. 2. However, the final price came in about $2.7 million below the reduced asking price and nearly $5 million under the original listing price.
Jenner bought the property for $12.05 million in late 2016 when she was 19. The sprawling estate covers more than 13,000 square feet and sits on a private 1.4-acre lot.
The eight-bedroom home features a private theater, game room with a wet bar, office with a fireplace, gym and massage room. The property also includes eight full bathrooms, along with an attached guest residence that has its own entrance, bedroom, bathroom, kitchenette, sitting area and courtyard.
#price #sale #home #final
2 hours ago
Kylie Jenner sold her Hidden Hills, Calif., mansion for $15.3 million after initially listing it for $20.25 million in March
The 13,000-square-foot property includes eight bedrooms, a private theater, a pool and a guest residence
Jenner is building a new "dream Italian home" on a five-acre plot she reportedly purchased in 2020 for $15 million
Kylie Jenner has officially sold her longtime Southern California mansion.
According to the listing — which was held by Million Dollar Listing alums Josh and Matt Altman of Douglas Elliman — the sprawling Hidden Hills home was sold for $15.3 million. Property records indicate the sale was completed on Friday, Sept. 11.
#jenner
The 13,000-square-foot property includes eight bedrooms, a private theater, a pool and a guest residence
Jenner is building a new "dream Italian home" on a five-acre plot she reportedly purchased in 2020 for $15 million
Kylie Jenner has officially sold her longtime Southern California mansion.
According to the listing — which was held by Million Dollar Listing alums Josh and Matt Altman of Douglas Elliman — the sprawling Hidden Hills home was sold for $15.3 million. Property records indicate the sale was completed on Friday, Sept. 11.
#jenner
3 hours ago
The investigation into Hayden Panettiere's death last month has reportedly gone cross-country.
Investigators are also reportedly focusing on the drugs they believe were involved in her death.
The actress died last month in South Carolina of an apparent overdose.
The investigation into Hayden Panettiere's death last month has a new update. According to sources who spoke to ABC News, the investigation is now spanning both Los Angeles and South Carolina. Investigators are also reportedly honing in on where the drugs that may have led to the 36-year-old actress's death came from.
Panettiere was ****** ounced dead on the scene on August 16 after first responders were called to a private residence in Greenville, South Carolina. According to dispatch audio obtained by People, the cause of death was "cardiac arrest" after an apparent "overdose."
#death #carolina #investigation #investigators
Investigators are also reportedly focusing on the drugs they believe were involved in her death.
The actress died last month in South Carolina of an apparent overdose.
The investigation into Hayden Panettiere's death last month has a new update. According to sources who spoke to ABC News, the investigation is now spanning both Los Angeles and South Carolina. Investigators are also reportedly honing in on where the drugs that may have led to the 36-year-old actress's death came from.
Panettiere was ****** ounced dead on the scene on August 16 after first responders were called to a private residence in Greenville, South Carolina. According to dispatch audio obtained by People, the cause of death was "cardiac arrest" after an apparent "overdose."
#death #carolina #investigation #investigators
3 hours ago
King Charles appears to have helped clear up a royal misunderstanding surrounding Prince Harry's Invictus Games. Uganda has reversed its decision to withdraw from the 2027 event after a phone call involving Buckingham Palace. The switch comes just days after Uganda's military chief said the country would stay away out of respect for King Charles. Now, the team is back in.
Uganda's military announced the reversal on Sept. 14. General Muhoozi Kainerugaba approved the Uganda People's Defence Forces' participation in the Invictus Games 2027 after speaking with Sir Clive Alderton.
Alderton serves as Principal Private Secretary to King Charles and Queen Camilla. The official Ugandan statement said the two men spoke by phone before Kainerugaba reinstated the team.
ITV News reported that Alderton told Kainerugaba the King was "moved" by his consideration of the monarch's position. However, King Charles had "no problem" with Uganda competing and encouraged the country to continue.
That clarification resolved an unusual dispute. Kainerugaba announced Uganda's withdrawal on Sept. 9 because he did not want participation interpreted as opposition to King Charles. He also said Uganda would not join anything without the monarch's approval.
#king #charles #invictus #military
Uganda's military announced the reversal on Sept. 14. General Muhoozi Kainerugaba approved the Uganda People's Defence Forces' participation in the Invictus Games 2027 after speaking with Sir Clive Alderton.
Alderton serves as Principal Private Secretary to King Charles and Queen Camilla. The official Ugandan statement said the two men spoke by phone before Kainerugaba reinstated the team.
ITV News reported that Alderton told Kainerugaba the King was "moved" by his consideration of the monarch's position. However, King Charles had "no problem" with Uganda competing and encouraged the country to continue.
That clarification resolved an unusual dispute. Kainerugaba announced Uganda's withdrawal on Sept. 9 because he did not want participation interpreted as opposition to King Charles. He also said Uganda would not join anything without the monarch's approval.
#king #charles #invictus #military
3 hours ago
September 14, 2010: Security workers reportedly stop Apple CEO Steve Jobs at **** an's Kansai International Airport. The reason? Jobs supposedly tried to bring ninja throwing stars onto his private plane while heading home from vacation. The "Steve Jobs ninja stars" story quickly becomes one of the most bizarre Apple stories ever.
The company, however, quickly spoils the internet's fun. Cupertino issues a statement describing the reports as "pure fiction" (although Apple acknowledges that Jobs visited **** an over the summer).
Few Steve Jobs stories sound more perfectly tailored to his larger-than-life persona than the tale of him being stopped at a **** anese airport with ninja throwing stars in his luggage. The problem: Apple said it never happened. Still, the story endured — perhaps because a notoriously intense, famously unconventional CEO carrying ninja weapons just feels like the kind of thing people want to believe.
Both Bloomberg and **** anese tabloid magazine Spa! covered the story prominently. Authorities stopped Jobs during a security scan at Kansai International Airport, the reports said, after detecting the ninja weapons in his carry-on luggage.
The stories cited unidentified airport officials and sources within **** an's transportation ministry. An airport spokesperson confirmed that the incident took place, but stopped short of identifying the individual involved.
#stars
The company, however, quickly spoils the internet's fun. Cupertino issues a statement describing the reports as "pure fiction" (although Apple acknowledges that Jobs visited **** an over the summer).
Few Steve Jobs stories sound more perfectly tailored to his larger-than-life persona than the tale of him being stopped at a **** anese airport with ninja throwing stars in his luggage. The problem: Apple said it never happened. Still, the story endured — perhaps because a notoriously intense, famously unconventional CEO carrying ninja weapons just feels like the kind of thing people want to believe.
Both Bloomberg and **** anese tabloid magazine Spa! covered the story prominently. Authorities stopped Jobs during a security scan at Kansai International Airport, the reports said, after detecting the ninja weapons in his carry-on luggage.
The stories cited unidentified airport officials and sources within **** an's transportation ministry. An airport spokesperson confirmed that the incident took place, but stopped short of identifying the individual involved.
#stars
4 hours ago
HSBC Holdings plc (NYSE:HSBC) is winding down its transaction services business in Germany, with more than 300 positions at HSBC Transaction Services GmbH and HSBC Service Company Germany GmbH expected to be phased out by 2028. The division provides securities processing, administration and custody services.
HSBC said the move is part of its broader strategy to strengthen its position in businesses where it has competitive advantages and sees stronger growth opportunities. The decision follows HSBC Germany's sale of its private banking business to BNP Paribas last year, highlighting the bank's continued effort to streamline its European operations.
Northfoto/Shutterstock.com
The biggest positive for HSBC Holdings plc (NYSE:HSBC) is that the German exit could improve the bank's efficiency and profitability over time. Rather than continuing to allocate capital and employees to a transaction-services operation that HSBC apparently sees as less strategically attractive, the bank can redirect resources toward areas where it has stronger competitive advantages. This fits CEO Georges Elhedery's broader restructuring strategy of reducing complexity, cutting costs and concentrating HSBC on businesses with better growth prospects. Reuters has reported that HSBC has already been selling non-core operations as part of this transformation, while its shares have risen substantially since the restructuring began.
The timing could also be constructive. Germany's economy remains under pressure, with industrial production falling unexpectedly in July and manufacturing activity still facing significant challenges. Reducing exposure to a business tied to the German market could therefore protect HSBC Holdings plc (NYSE:HSBC) from maintaining costs in an environment where growth is relatively weak.
#german
HSBC said the move is part of its broader strategy to strengthen its position in businesses where it has competitive advantages and sees stronger growth opportunities. The decision follows HSBC Germany's sale of its private banking business to BNP Paribas last year, highlighting the bank's continued effort to streamline its European operations.
Northfoto/Shutterstock.com
The biggest positive for HSBC Holdings plc (NYSE:HSBC) is that the German exit could improve the bank's efficiency and profitability over time. Rather than continuing to allocate capital and employees to a transaction-services operation that HSBC apparently sees as less strategically attractive, the bank can redirect resources toward areas where it has stronger competitive advantages. This fits CEO Georges Elhedery's broader restructuring strategy of reducing complexity, cutting costs and concentrating HSBC on businesses with better growth prospects. Reuters has reported that HSBC has already been selling non-core operations as part of this transformation, while its shares have risen substantially since the restructuring began.
The timing could also be constructive. Germany's economy remains under pressure, with industrial production falling unexpectedly in July and manufacturing activity still facing significant challenges. Reducing exposure to a business tied to the German market could therefore protect HSBC Holdings plc (NYSE:HSBC) from maintaining costs in an environment where growth is relatively weak.
#german
4 hours ago
Queen Camilla has reportedly put the royal ambitions of Prince Harry and Meghan Markle on notice. The report came after the Sussexes made a striking return to the UK with their two kids, Prince Archie and Princess Lilibet, last month. The return came six years after the Sussex couple started living in the US after stepping down from their roles as working royals.
Queen Camilla has allegedly pushed her husband, King Charles, to draw a line with his youngest son, Prince Harry, and his wife, Meghan Markle, after they moved back to the UK. As reported by RadarOnline, sources reported that the Queen consort of the United Kingdom had concerns that the Duke and ***** ss of Sussex's return to Britain could blur the boundaries between the monarch and the Sussexes.
In the meantime, a royal insider claimed that Queen Camilla knows how the idea about the monarchy can turn complex very fast. Thus, she reportedly felt "determined" that Prince Harry and Meghan Markle's UK move should not be seen as the start of any "restoration" of their previous royal positions. According to the insider, Queen Camilla's "feeling was that everyone – the Sussexes, officials and the public – needed absolute clarity from the outset."
The source also explained that no one should "underestimate" the "influence" Queen Camilla has on her husband, King Charles. The source then said, "She is somebody whose judgment he trusts enormously, particularly when difficult family questions risk becoming institutional problems. Camilla believed allowing uncertainty to linger would simply store up a much bigger confrontation later."
Meanwhile, another insider told the news outlet that Queen Camilla's move is not about stopping the King from having a relationship with Prince Harry and his kids. "The distinction Camilla was concerned about was between the private family and the public monarchy," the insider added.
#prince #royal
Queen Camilla has allegedly pushed her husband, King Charles, to draw a line with his youngest son, Prince Harry, and his wife, Meghan Markle, after they moved back to the UK. As reported by RadarOnline, sources reported that the Queen consort of the United Kingdom had concerns that the Duke and ***** ss of Sussex's return to Britain could blur the boundaries between the monarch and the Sussexes.
In the meantime, a royal insider claimed that Queen Camilla knows how the idea about the monarchy can turn complex very fast. Thus, she reportedly felt "determined" that Prince Harry and Meghan Markle's UK move should not be seen as the start of any "restoration" of their previous royal positions. According to the insider, Queen Camilla's "feeling was that everyone – the Sussexes, officials and the public – needed absolute clarity from the outset."
The source also explained that no one should "underestimate" the "influence" Queen Camilla has on her husband, King Charles. The source then said, "She is somebody whose judgment he trusts enormously, particularly when difficult family questions risk becoming institutional problems. Camilla believed allowing uncertainty to linger would simply store up a much bigger confrontation later."
Meanwhile, another insider told the news outlet that Queen Camilla's move is not about stopping the King from having a relationship with Prince Harry and his kids. "The distinction Camilla was concerned about was between the private family and the public monarchy," the insider added.
#prince #royal
5 hours ago
Long-running speculation over the future of Hain Celestial's business in Europe has finally come to a head with the disposal to a private-equity investor.
Nasdaq-listed Hain Celestial said in a statement today (14 September) it has agreed the sale of its "international" operations to Aurelius for $323m in cash.
The divestment follows a review of Hain Celestial's portfolio instigated by president and CEO Alison Lewis last year, which already resulted in the sale of its North American snacks business in 2026 to Canada's Snackruptors for $115m in cash.
That disposal included the brands Garden Veggie Snacks, Terra chips and Garden of Eatin'.
Ella's Kitchen baby and kids foods, the Joya and Natumi plant-based beverage lines and Hartley's jelly are joining Aurelius.
#hain #garden #sale #long
Nasdaq-listed Hain Celestial said in a statement today (14 September) it has agreed the sale of its "international" operations to Aurelius for $323m in cash.
The divestment follows a review of Hain Celestial's portfolio instigated by president and CEO Alison Lewis last year, which already resulted in the sale of its North American snacks business in 2026 to Canada's Snackruptors for $115m in cash.
That disposal included the brands Garden Veggie Snacks, Terra chips and Garden of Eatin'.
Ella's Kitchen baby and kids foods, the Joya and Natumi plant-based beverage lines and Hartley's jelly are joining Aurelius.
#hain #garden #sale #long
5 hours ago
The King has stepped in to help reinstate Uganda's participation in Prince Harry's Invictus Games after the country withdrew from the tournament.
Charles, 77, was "moved" by General Kainerugaba's consideration of his opinion and encouraged the chief to proceed with preparations for the country's participation in the games, according to Sir Clive Alderton, the King and Queen's principal private secretary.
The General has now approved participation in the upcoming Games, which was founded by the Duke of Sussex in 2014 and will next be held in 2027 in Birmingham, following a telephone phone call with Sir Clive, it was revealed on Monday.
Chris Magezi, the spokesperson for Uganda People's Defence Forces (UPDF), wrote on social media: "The decision follows a telephone conversation between General Kainerugaba and the Principal Private Secretary to His Majesty The King and Her Majesty The Queen of the United Kingdom, the Right Honourable Sir Clive Alderton K.C.V.O."
King Charles has stepped in to help out Prince Harry (@ Samir Hussein/WireImage)
#participation #charles #majesty
Charles, 77, was "moved" by General Kainerugaba's consideration of his opinion and encouraged the chief to proceed with preparations for the country's participation in the games, according to Sir Clive Alderton, the King and Queen's principal private secretary.
The General has now approved participation in the upcoming Games, which was founded by the Duke of Sussex in 2014 and will next be held in 2027 in Birmingham, following a telephone phone call with Sir Clive, it was revealed on Monday.
Chris Magezi, the spokesperson for Uganda People's Defence Forces (UPDF), wrote on social media: "The decision follows a telephone conversation between General Kainerugaba and the Principal Private Secretary to His Majesty The King and Her Majesty The Queen of the United Kingdom, the Right Honourable Sir Clive Alderton K.C.V.O."
King Charles has stepped in to help out Prince Harry (@ Samir Hussein/WireImage)
#participation #charles #majesty
5 hours ago
Colgate-Palmolive (CL) hired Goldman Sachs to explore selling Softsoap, Irish Spring, and Speed Stick as North America revenue fell 3% in Q2 2026.
Private equity leads as the likeliest buyer, with every named strategic acquirer blocked by scale gaps, leverage limits, or an active acquisition lock-up.
The real test is whether shedding mature brands resolves Colgate's self-described long-term North America turnaround or simply makes the company smaller.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now, and Colgate-Palmolive didn't make the cut. Enter your email to see the names that beat CL. The report is free. Enter your email and see if any of your stocks made the cut.
Colgate-Palmolive (NYSE:CL) is reportedly shopping a slice of its portfolio that many investors forgot it still owned. Reuters reported on Friday, September 11, 2026, citing unnamed sources, that Colgate is exploring a sale of Softsoap, Irish Spring, and Speed Stick and has hired Goldman Sachs to run the process.
#palmolive #goldman #irish
Private equity leads as the likeliest buyer, with every named strategic acquirer blocked by scale gaps, leverage limits, or an active acquisition lock-up.
The real test is whether shedding mature brands resolves Colgate's self-described long-term North America turnaround or simply makes the company smaller.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now, and Colgate-Palmolive didn't make the cut. Enter your email to see the names that beat CL. The report is free. Enter your email and see if any of your stocks made the cut.
Colgate-Palmolive (NYSE:CL) is reportedly shopping a slice of its portfolio that many investors forgot it still owned. Reuters reported on Friday, September 11, 2026, citing unnamed sources, that Colgate is exploring a sale of Softsoap, Irish Spring, and Speed Stick and has hired Goldman Sachs to run the process.
#palmolive #goldman #irish
5 hours ago
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It's been 84 years two months since Taylor Swift and Travis Kelce got married at Madison Square Garden in New York City, and the couple managed to keep the wedding completely private. There are no leaked photos to speak of, and we still haven't seen pics of Tay's wedding dress—a Dior haute couture gown designed by Jonathan Anderson.
So, why hasn't Tay shared photos of her and Travis's big day yet—and when can fans expect them to drop?
The New York Times previously noted that a Dior spokesman said photos would be shared "after Swift herself posts the first pictures on her Instagram." Which obviously hasn't happened just yet! And now a source tells the Daily Mail that Taylor is simply doing things on her own terms.
While Taylor has been "very secretive" about her exact plans, she's waiting for buzz about the wedding to calm down a bit before sharing photos. But "when she eventually does, it's not going to be transactional. She's not going to suddenly release her wedding photos to sell an album or coincide with some big announcement."
#taylor #wedding
It's been 84 years two months since Taylor Swift and Travis Kelce got married at Madison Square Garden in New York City, and the couple managed to keep the wedding completely private. There are no leaked photos to speak of, and we still haven't seen pics of Tay's wedding dress—a Dior haute couture gown designed by Jonathan Anderson.
So, why hasn't Tay shared photos of her and Travis's big day yet—and when can fans expect them to drop?
The New York Times previously noted that a Dior spokesman said photos would be shared "after Swift herself posts the first pictures on her Instagram." Which obviously hasn't happened just yet! And now a source tells the Daily Mail that Taylor is simply doing things on her own terms.
While Taylor has been "very secretive" about her exact plans, she's waiting for buzz about the wedding to calm down a bit before sharing photos. But "when she eventually does, it's not going to be transactional. She's not going to suddenly release her wedding photos to sell an album or coincide with some big announcement."
#taylor #wedding
2 days ago
Shailene Woodley's friends reportedly slam Aaron Rodgers after calling out actress originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
Shailene Woodley's friends are defending the actress after Aaron Rodgers' recent comments.
Several friends of Woodley's reportedly spoke to TMZ and questioned why "a married dude is bringing up an ex he hasn't spoken with in over two years," one source told the outlet.
Woodley and Rodgers began dating in July 2020, and a few months later in December 2020, the Pittsburgh Steelers star proposed. The couple confirmed their engagement in February 2021.
The "Divergent" actress's friends called his behavior this week "out of character," as during their relationship he respected her privacy. While Woodley has not spoken out about Rodgers' comments, they told the outlet that they don't believe she would be comfortable with him sharing those private details about their past romance. The two broke up for good in 2022.
#rodgers #shailene #source
Shailene Woodley's friends are defending the actress after Aaron Rodgers' recent comments.
Several friends of Woodley's reportedly spoke to TMZ and questioned why "a married dude is bringing up an ex he hasn't spoken with in over two years," one source told the outlet.
Woodley and Rodgers began dating in July 2020, and a few months later in December 2020, the Pittsburgh Steelers star proposed. The couple confirmed their engagement in February 2021.
The "Divergent" actress's friends called his behavior this week "out of character," as during their relationship he respected her privacy. While Woodley has not spoken out about Rodgers' comments, they told the outlet that they don't believe she would be comfortable with him sharing those private details about their past romance. The two broke up for good in 2022.
#rodgers #shailene #source
2 days ago
Private equity advisers are racing to leverage AI and automate the services they provide to fund managers and their investors. Law firms, such as Kirkland & Ellis, have been among the most active adopters.
The dominant name in private fund formation and sponsor-backed M&A, the firm rolled out its own AI platform in June, built with Palantir and designed to reshape the repetitive, boilerplate elements of fund formation work, such as drafting limited partnership agreements, closing investor commitments and conducting compliance.
Earlier this year, Kirkland reportedly earmarked $500 million to develop a proprietary AI tool over three to four years, no small sum even for a law firm that generated $10.6 billion in annual revenue last year.
Erica Berthou
Erica Berthou, a partner at Kirkland and a member of the firm's executive committee, recently spoke with PitchBook about how AI could reshape the practice of law—including how it will change the economics of legal work—and how the adoption of AI may affect practitioners, especially the young talent.
#kirkland #private
The dominant name in private fund formation and sponsor-backed M&A, the firm rolled out its own AI platform in June, built with Palantir and designed to reshape the repetitive, boilerplate elements of fund formation work, such as drafting limited partnership agreements, closing investor commitments and conducting compliance.
Earlier this year, Kirkland reportedly earmarked $500 million to develop a proprietary AI tool over three to four years, no small sum even for a law firm that generated $10.6 billion in annual revenue last year.
Erica Berthou
Erica Berthou, a partner at Kirkland and a member of the firm's executive committee, recently spoke with PitchBook about how AI could reshape the practice of law—including how it will change the economics of legal work—and how the adoption of AI may affect practitioners, especially the young talent.
#kirkland #private
2 days ago
Six weeks after AI bets nearly wrecked his hedge fund, Leopold Aschenbrenner is putting money into the same companies again. His hedge fund, Situational Awareness, bought call options on AMD, Bloom Energy, CoreWeave, SK Hynix and SanDisk, CNBC reported, citing sources. The trades ran from late last week into this week.
The former OpenAI researcher became famous for a 2024 essay arguing that AI could reach human-level intelligence by 2027. He built an investment business around that belief, backing companies supplying the computing capacity and electricity AI needs.
July exposed how dangerous that bet had become. Borrowed money magnified falling share prices, triggering demands for cash the fund could not meet. **** ets shrank from a peak above $45 billion to roughly $10 billion, according to CNBC.
Ken Griffin's Citadel bought distressed holdings at a discount. Situational Awareness kept private investments, including Anthropic. The SEC later subpoenaed Wall Street banks over their dealings with the fund. The reported inquiry carried no allegation of wrongdoing.
His return uses call options: contracts that let buyers purchase shares at a fixed price before a deadline. When paid for upfront without borrowing, their losses are capped at the purchase cost. That entire amount can still disappear if the options expire worthless.
#bought #call
The former OpenAI researcher became famous for a 2024 essay arguing that AI could reach human-level intelligence by 2027. He built an investment business around that belief, backing companies supplying the computing capacity and electricity AI needs.
July exposed how dangerous that bet had become. Borrowed money magnified falling share prices, triggering demands for cash the fund could not meet. **** ets shrank from a peak above $45 billion to roughly $10 billion, according to CNBC.
Ken Griffin's Citadel bought distressed holdings at a discount. Situational Awareness kept private investments, including Anthropic. The SEC later subpoenaed Wall Street banks over their dealings with the fund. The reported inquiry carried no allegation of wrongdoing.
His return uses call options: contracts that let buyers purchase shares at a fixed price before a deadline. When paid for upfront without borrowing, their losses are capped at the purchase cost. That entire amount can still disappear if the options expire worthless.
#bought #call
2 days ago
Fundstrat's Tom Lee took the Future Proof Citywide stage earlier this year with CNBC's Scott Wapner for a session that landed in the middle of a jittery tape that included geopolitical conflict, oil spiking, private credit cracking, and fresh doubts about AI spending. Not too far off where we find ourselves currently, but with an awful lot of volatility and shifting, uncertain outlooks between these six months. While their conversation was a snapshot in time, you can expect more of this kind of sharp, thoughtful ****** ysis next week.
The contrarian take of the session was oil. High crude, Lee argued, is actually constructive for U.S. equities. With the U.S. as a net exporter, our economic competitors are importers, and stalled global growth pushes investors toward growth stocks, which is about 80% of the U.S. market. On AI CapEx, he pushed back on the sticker shock, claiming roughly $700 billion a year is a fraction of the $60 trillion global labor market and small change against daily moves in gold.
Lee also made the case that software had bottomed at the time, that enterprises building their own tools inherit the maintenance burden software companies exist to carry, and that private credit is genuinely bad but not a GFC repeat, with the real fix being taking private companies public rather than pushing private product into retail portfolios. On crypto, his argument shifted from a perspective of digital gold to one of plumbing whereby Wall Street tokenizes ****** ets, and AI agents needing a settlement rail that handles fractions of a penny.
His parting advice was the oldest one in the book, dressed in new clothes: miss the 10 best days of each year and a 16% average return goes to roughly nothing. Danger and opportunity show up together. Staying invested is the perpetual drumbeat of advisors to their clients, but one that needs banging louder when markets feel much less certain.
Future Proof Festival is September 14–17 in Huntington Beach and includes four days on the boardwalk with advisors, ****** et managers, and fintechs building the modern wealth management industry. Find us at the ETF Oasis and don't miss the stellar agenda we've got lined up.
#find #session #credit #time
The contrarian take of the session was oil. High crude, Lee argued, is actually constructive for U.S. equities. With the U.S. as a net exporter, our economic competitors are importers, and stalled global growth pushes investors toward growth stocks, which is about 80% of the U.S. market. On AI CapEx, he pushed back on the sticker shock, claiming roughly $700 billion a year is a fraction of the $60 trillion global labor market and small change against daily moves in gold.
Lee also made the case that software had bottomed at the time, that enterprises building their own tools inherit the maintenance burden software companies exist to carry, and that private credit is genuinely bad but not a GFC repeat, with the real fix being taking private companies public rather than pushing private product into retail portfolios. On crypto, his argument shifted from a perspective of digital gold to one of plumbing whereby Wall Street tokenizes ****** ets, and AI agents needing a settlement rail that handles fractions of a penny.
His parting advice was the oldest one in the book, dressed in new clothes: miss the 10 best days of each year and a 16% average return goes to roughly nothing. Danger and opportunity show up together. Staying invested is the perpetual drumbeat of advisors to their clients, but one that needs banging louder when markets feel much less certain.
Future Proof Festival is September 14–17 in Huntington Beach and includes four days on the boardwalk with advisors, ****** et managers, and fintechs building the modern wealth management industry. Find us at the ETF Oasis and don't miss the stellar agenda we've got lined up.
#find #session #credit #time
2 days ago
Sept 11, 2026, 3:45 pm EDT
JPMorgan Chase
JPM
+0.76%
is reshaping the leadership structure of its elite
private banking
business in the U.S. as firms compete fiercely for the country’s ultrarich, a rapidly expanding group lifted by booming markets.
JPM
+0.76%
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
#sept #rights
JPMorgan Chase
JPM
+0.76%
is reshaping the leadership structure of its elite
private banking
business in the U.S. as firms compete fiercely for the country’s ultrarich, a rapidly expanding group lifted by booming markets.
JPM
+0.76%
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
#sept #rights
2 days ago
With **** ignments that include calling three of tennis' four major tournaments and ESPN's top college football game weekly through the playoffs, Chris Fowler readily admits he's living the dream.
His weekend travel itinerary, however, hardly seemed the stuff of dreams.
After calling Friday's second U.S. Open semifinal, he was on a private flight that landed in Austin around 3 a.m. Saturday. Following a scant amount of sleep, there was a late-morning production meeting before calling Saturday night's matchup between No. 1 Ohio State and No. 4 Texas on ABC, arguably the top non-conference matchup in college football this season.
Once Saturday's game ends, it's back on a plane to New York for Sunday's 1 p.m. CT men's final on ABC between Alexander Zverez and Blake Shelton, with the latter trying to become the first American man to win a major since Andy Roddick at the 2003 U.S, Open.
"They are my two favorite sports and I get to call the championship events in them," Fowler told the Houston Chronicle on Saturday afternoon during a brief respite in Austin. "So that's a dream job. I live in the dream I had since I'm 10 years old."
#saturday #open #austin
His weekend travel itinerary, however, hardly seemed the stuff of dreams.
After calling Friday's second U.S. Open semifinal, he was on a private flight that landed in Austin around 3 a.m. Saturday. Following a scant amount of sleep, there was a late-morning production meeting before calling Saturday night's matchup between No. 1 Ohio State and No. 4 Texas on ABC, arguably the top non-conference matchup in college football this season.
Once Saturday's game ends, it's back on a plane to New York for Sunday's 1 p.m. CT men's final on ABC between Alexander Zverez and Blake Shelton, with the latter trying to become the first American man to win a major since Andy Roddick at the 2003 U.S, Open.
"They are my two favorite sports and I get to call the championship events in them," Fowler told the Houston Chronicle on Saturday afternoon during a brief respite in Austin. "So that's a dream job. I live in the dream I had since I'm 10 years old."
#saturday #open #austin
2 days ago
SAO PAULO (AP) — Brazilian presidential candidate Sen. Flávio Bolsonaro is under investigation for corruption, money laundering and tax evasion for receiving millions of dollars from a disgraced banker to finance a movie about his father, former President Jair Bolsonaro.
Brazil's top court unsealed several documents late Thursday that show Sen. Bolsonaro, President Luiz Inácio Lula da Silva's primary opponent, is under investigation for receiving 61 million reais ($12 million) from a banker at the center of a corruption scandal to produce an unreleased movie ******* led "The Dark Horse."
The investigation, which centers on whether the Bolsonaro family misused the funds and whether the payments were properly reported to Brazilian authorities, threatens to undermine Sen. Bolsonaro's bid for the presidency. The first round of elections is slated for Oct. 4, and the senator is locked in a tight race with Lula.
The banker, Daniel Vorcaro, who was arrested in March, is accused of defrauding many of Banco Master's 800,000 clients, including several state government pension funds, out of hundreds of millions of dollars by convincing them to make questionable investments. The scandal has engulfed several high-ranking officials in Brazil.
The allegations first became public in May. Sen. Bolsonaro has denied any wrongdoing and said Friday during a campaign event in the Amazonian city of Manaus that he was seeking private investment for the movie.
#bolsonaro #brazilian #president #receiving
Brazil's top court unsealed several documents late Thursday that show Sen. Bolsonaro, President Luiz Inácio Lula da Silva's primary opponent, is under investigation for receiving 61 million reais ($12 million) from a banker at the center of a corruption scandal to produce an unreleased movie ******* led "The Dark Horse."
The investigation, which centers on whether the Bolsonaro family misused the funds and whether the payments were properly reported to Brazilian authorities, threatens to undermine Sen. Bolsonaro's bid for the presidency. The first round of elections is slated for Oct. 4, and the senator is locked in a tight race with Lula.
The banker, Daniel Vorcaro, who was arrested in March, is accused of defrauding many of Banco Master's 800,000 clients, including several state government pension funds, out of hundreds of millions of dollars by convincing them to make questionable investments. The scandal has engulfed several high-ranking officials in Brazil.
The allegations first became public in May. Sen. Bolsonaro has denied any wrongdoing and said Friday during a campaign event in the Amazonian city of Manaus that he was seeking private investment for the movie.
#bolsonaro #brazilian #president #receiving
2 days ago
It should surprise exactly no one that players, who were out of eligibility under NCAA rules, going through NFL training camp and filing lawsuits to play college football for another year was the last straw.
A week later, the Protect College Sports Act, dead in the water a month ago, is close to passing the Senate because the chaos finally got to be too much. It is, according to Team Chaos, bad for athletes.
It appears Sen. Thune has enough votes to pass the Protect College Sports Act.
Last night, I contacted many U.S. Senators’ offices to tell them the truth about the bill.
The PCSA is bad for athletes. A lot of money is being spent in an effort to convince people otherwise. pic.twitter.com/tShgI0sp9T
This is what happens when you make everybody despise you.
When your position is that you have to have megaconferences, more ******* ding of revenue by the conferences at the top, a stupid college basketball Thanksgiving week event in Las Vegas backed by all the worst people in existence (the Emiratis and David Ellison chief among them), more private equity backing, more helmet games, unlimited transfers, unlimited tampering with mid-major rosters, unlimited college eligibility and freedom to go back and forth between college and the pros as you please, all so that athletes can maximize their earnings…
#college #protect #sports #people
A week later, the Protect College Sports Act, dead in the water a month ago, is close to passing the Senate because the chaos finally got to be too much. It is, according to Team Chaos, bad for athletes.
It appears Sen. Thune has enough votes to pass the Protect College Sports Act.
Last night, I contacted many U.S. Senators’ offices to tell them the truth about the bill.
The PCSA is bad for athletes. A lot of money is being spent in an effort to convince people otherwise. pic.twitter.com/tShgI0sp9T
This is what happens when you make everybody despise you.
When your position is that you have to have megaconferences, more ******* ding of revenue by the conferences at the top, a stupid college basketball Thanksgiving week event in Las Vegas backed by all the worst people in existence (the Emiratis and David Ellison chief among them), more private equity backing, more helmet games, unlimited transfers, unlimited tampering with mid-major rosters, unlimited college eligibility and freedom to go back and forth between college and the pros as you please, all so that athletes can maximize their earnings…
#college #protect #sports #people
2 days ago
Brooke Hogan has spent the past year insisting there is more to the Hogan family story than what has played out publicly. Now, she says she has screenshots that could explain part of it.
The 38-year-old issued a "final warning" to her family after another public clash with her mother, Linda Hogan, threatening to release private communications if her name continues to be brought into their ongoing family dispute.
"This 👌 close to breaking out some screenshots—which are ONE of the many reasons WHY," Brooke wrote on Instagram Stories. "I don't take CONSTANTLY dragging my name through the mud lightly."
Credit: Brooke Hogan/Instagram Stories
She followed with an even more pointed message: "The selective amnesia isn't gonna work. Final warning."
#family #Instagram #name
The 38-year-old issued a "final warning" to her family after another public clash with her mother, Linda Hogan, threatening to release private communications if her name continues to be brought into their ongoing family dispute.
"This 👌 close to breaking out some screenshots—which are ONE of the many reasons WHY," Brooke wrote on Instagram Stories. "I don't take CONSTANTLY dragging my name through the mud lightly."
Credit: Brooke Hogan/Instagram Stories
She followed with an even more pointed message: "The selective amnesia isn't gonna work. Final warning."
#family #Instagram #name
2 days ago
Lady Gaga spent years saying motherhood was the role she wanted most. She has now become a parent without making a public announcement.
The 40-year-old singer and her fiancé, Michael Polansky, have welcomed their first child together, according to TMZ. The news emerged after Gaga and Polansky were photographed in Northern California with a newborn.
No name, **** or exact date of birth has been made public. Gaga and Polansky also have not shared their own announcement about becoming parents, and representatives for the singer did not comment when contacted by reporters.
Keeping the milestone private follows a pattern for the couple. Polansky proposed in April 2024, but the engagement remained out of public view until Gaga introduced him as her fiancé during the Paris Olympics several months later.
Page Six obtained photographs of Gaga and Polansky with the baby during an outing in Northern California. Gaga carried the infant against her chest while Polansky walked beside her.
#public #fianc
The 40-year-old singer and her fiancé, Michael Polansky, have welcomed their first child together, according to TMZ. The news emerged after Gaga and Polansky were photographed in Northern California with a newborn.
No name, **** or exact date of birth has been made public. Gaga and Polansky also have not shared their own announcement about becoming parents, and representatives for the singer did not comment when contacted by reporters.
Keeping the milestone private follows a pattern for the couple. Polansky proposed in April 2024, but the engagement remained out of public view until Gaga introduced him as her fiancé during the Paris Olympics several months later.
Page Six obtained photographs of Gaga and Polansky with the baby during an outing in Northern California. Gaga carried the infant against her chest while Polansky walked beside her.
#public #fianc
2 days ago
Freiburg have made an impressive start to the new campaign with two wins from two, while Saturday's opponents Borussia Mönchengladbach are still searching for their first points.
However, boss Julian Schuster believes his side's experiences last season warn that difficult periods can quickly become sources of motivation.
"It was quite simple," he told DAZN before the match, when asked how he ensures full effort against out-of-form opposition.
"We just had to remind ourselves of the difficult periods we had last year.
"In football and sport, just as in private life, these situations are always an opportunity to grow and for something new to emerge.
#difficult #periods
However, boss Julian Schuster believes his side's experiences last season warn that difficult periods can quickly become sources of motivation.
"It was quite simple," he told DAZN before the match, when asked how he ensures full effort against out-of-form opposition.
"We just had to remind ourselves of the difficult periods we had last year.
"In football and sport, just as in private life, these situations are always an opportunity to grow and for something new to emerge.
#difficult #periods
2 days ago
WASHINGTON, Sept 9 (Reuters) - Three U.S. lawmakers have called on the American government to blacklist a set of Indian IT firms over what they describe as "more than fifteen years of targeted espionage against U.S. citizens, businesses, and the lawyers representing them."
In a letter issued Wednesday, Democratic Senators Ron Wyden and Sheldon Whitehouse, along with Republican Representative Pat Harrigan, asked the Commerce Department to add BellTroX, CyberRoot, and Sunkissed Organic Farms Pvt. Ltd. (formerly known as "Appin Technology Pvt. Ltd.") and its subsidiaries, to the Commerce Department's Entity List. Such a designation would cut them off from U.S. software, cloud infrastructure, and cybersecurity tools.
Sunkissed representatives, CyberRoot and the Commerce Department did not respond to requests for comment. BellTroX could not be reached for comment.
All three companies have been described in media coverage and in reports published by major tech firms as being fronts for hack-for-hire activities.
In 2022, Reuters named CyberRoot and BellTroX as key players in the cybermercenary industry, saying they were frequently tapped by Western lawyers and private investigators to spy on one another during legal and business disputes. A 2023 Reuters report identified Appin as a pioneer in the field, saying the company grew from an educational startup to a hack-for-hire powerhouse that stole secrets from executives, politicians, military officials and wealthy elites around the globe.
#three
In a letter issued Wednesday, Democratic Senators Ron Wyden and Sheldon Whitehouse, along with Republican Representative Pat Harrigan, asked the Commerce Department to add BellTroX, CyberRoot, and Sunkissed Organic Farms Pvt. Ltd. (formerly known as "Appin Technology Pvt. Ltd.") and its subsidiaries, to the Commerce Department's Entity List. Such a designation would cut them off from U.S. software, cloud infrastructure, and cybersecurity tools.
Sunkissed representatives, CyberRoot and the Commerce Department did not respond to requests for comment. BellTroX could not be reached for comment.
All three companies have been described in media coverage and in reports published by major tech firms as being fronts for hack-for-hire activities.
In 2022, Reuters named CyberRoot and BellTroX as key players in the cybermercenary industry, saying they were frequently tapped by Western lawyers and private investigators to spy on one another during legal and business disputes. A 2023 Reuters report identified Appin as a pioneer in the field, saying the company grew from an educational startup to a hack-for-hire powerhouse that stole secrets from executives, politicians, military officials and wealthy elites around the globe.
#three
2 days ago
Sky Sports' Ted Kravitz gave a rare sneak inside the F1 drivers' briefing room in Madrid for the Spanish GP, as FIA lists changes to Madring circuit after the meet.
Like the earlier years of F1, footage from drivers' briefing was back online in 2017 season when Formula One Management allowed snippet to be posted on its Youtube channel with the late Charlie Whiting as the FIA race director. It was done for few rounds, starting in Monaco.
After its success, the footage was broadcasted in races like Malaysia, ****** an, Austin and Mexico. But it was discontinued from 2018 onward due to breach of sanctity of discussions that the F1 drivers think should be private between them and the FIA, its race director.
They wanted to speak with an open mind in the form and not let it out in public to create fan wars and unwarranted interpretations. Since then, no footage has been made available, although the discussions that takes place often gets around in the media, especially if there are some long discussions.
Even photographs are rare in current times, but Sky Sports reporter Ted Kravitz gave a rare sneak into the F1 drivers' briefing room in Madrid for the Spanish GP, during his Friday ****** ysis show. The few seconds captured old teammates seated together interacting with each other.
#drivers #footage #sports #spanish
Like the earlier years of F1, footage from drivers' briefing was back online in 2017 season when Formula One Management allowed snippet to be posted on its Youtube channel with the late Charlie Whiting as the FIA race director. It was done for few rounds, starting in Monaco.
After its success, the footage was broadcasted in races like Malaysia, ****** an, Austin and Mexico. But it was discontinued from 2018 onward due to breach of sanctity of discussions that the F1 drivers think should be private between them and the FIA, its race director.
They wanted to speak with an open mind in the form and not let it out in public to create fan wars and unwarranted interpretations. Since then, no footage has been made available, although the discussions that takes place often gets around in the media, especially if there are some long discussions.
Even photographs are rare in current times, but Sky Sports reporter Ted Kravitz gave a rare sneak into the F1 drivers' briefing room in Madrid for the Spanish GP, during his Friday ****** ysis show. The few seconds captured old teammates seated together interacting with each other.
#drivers #footage #sports #spanish
3 days ago
Soybeans were in rally mode on Thursday, with contracts 13 to 22 cents higher across most contracts. The cmdtyView national average Cash Bean price was up 22 1/2 cents at $12.74 ½. Soymeal futures saw gains of $2.30 to $5.50, as Soy Oil rallied 102 to 135 points.
USDA reported private export sale announcements of 272,000 MT of soybeans to China for 2026/27 and 206,500 MT of 2026/27 beans to unknown destinations this morning. Weekly Export Sales data will be out on Friday morning, with ****** ysts surveyed by Reuters looking for no sales to net cancellations of 500,000 MT for 2025/26 soybeans. New crop sales are seen in a range of 1 to 2.6 MMT in the week of September 3. Soybean meal sales are expected to be in a range of 150,000 to 950,000 MT, with 0 to 12,000 MT
Arabica Coffee Falls Sharply on ICO Projections for Record Coffee Production
Sugar Prices Climb as Crude Oil Soars
Can Soybeans Remain in the Teens?
#export #cash
USDA reported private export sale announcements of 272,000 MT of soybeans to China for 2026/27 and 206,500 MT of 2026/27 beans to unknown destinations this morning. Weekly Export Sales data will be out on Friday morning, with ****** ysts surveyed by Reuters looking for no sales to net cancellations of 500,000 MT for 2025/26 soybeans. New crop sales are seen in a range of 1 to 2.6 MMT in the week of September 3. Soybean meal sales are expected to be in a range of 150,000 to 950,000 MT, with 0 to 12,000 MT
Arabica Coffee Falls Sharply on ICO Projections for Record Coffee Production
Sugar Prices Climb as Crude Oil Soars
Can Soybeans Remain in the Teens?
#export #cash
3 days ago
Mexico's government is slashing financial ******* istance for the state energy major by as much as 70% despite Pemex's continued struggle to pay down debt and boost production. The decision rests on expectations that the company will benefit from the oil and gas price rally spurred by the U.S. and Israeli war against Iran.
Per a Bloomberg report from this week, the government of Mexico sees Pemex posting a rare cash surplus of some 95 billion pesos, or around $5.63 billion, as a result of the oil price rally. Based on those expectations, the Scheinbaum government stipulated financial help of just 81 billion pesos for the company in next year's budget, equivalent to some $4.8 billion. This was down by 70% from this year.
"We said that by 2027, support for Pemex would be very limited, and that's indeed the case," President Sheinbaum told media this week. "Pemex now receives very little support from the Mexican government, and its own finances will sustain its development."
Mexico's energy major is the most indebted company in the world, with a load of some $105 billion as of mid-2025, of which some $20 billion is in unpaid bills to suppliers. Since then, the company has managed to reduce the debt pile to some $79 billion as of the end of the first quarter of this year. The company said in a news release at the time that this was the lowest its debt has been since 2014.
Meanwhile, however, boosting refining output has turned out to be a challenge, and issues with crude quality—including high water content—have alienated key buyers over the past couple of years. The previous administration of Mexico focused on supporting the company by turning it back into a monopoly on the Mexican energy market. The Scheinbaum government, on the other hand, moved to open up the Mexican oil industry to other players as well, launching a new contract framework for joint ventures, the so-called mixed contracts. In mixed development allocations, Pemex can enter into an agreement with one or more private firms.
#PEMEX #government #scheinbaum #since
Per a Bloomberg report from this week, the government of Mexico sees Pemex posting a rare cash surplus of some 95 billion pesos, or around $5.63 billion, as a result of the oil price rally. Based on those expectations, the Scheinbaum government stipulated financial help of just 81 billion pesos for the company in next year's budget, equivalent to some $4.8 billion. This was down by 70% from this year.
"We said that by 2027, support for Pemex would be very limited, and that's indeed the case," President Sheinbaum told media this week. "Pemex now receives very little support from the Mexican government, and its own finances will sustain its development."
Mexico's energy major is the most indebted company in the world, with a load of some $105 billion as of mid-2025, of which some $20 billion is in unpaid bills to suppliers. Since then, the company has managed to reduce the debt pile to some $79 billion as of the end of the first quarter of this year. The company said in a news release at the time that this was the lowest its debt has been since 2014.
Meanwhile, however, boosting refining output has turned out to be a challenge, and issues with crude quality—including high water content—have alienated key buyers over the past couple of years. The previous administration of Mexico focused on supporting the company by turning it back into a monopoly on the Mexican energy market. The Scheinbaum government, on the other hand, moved to open up the Mexican oil industry to other players as well, launching a new contract framework for joint ventures, the so-called mixed contracts. In mixed development allocations, Pemex can enter into an agreement with one or more private firms.
#PEMEX #government #scheinbaum #since
