3 days ago
Taylor Swift and Travis Kelce seem to already be having issues with their new neighbors.
Earlier this year, it was reported by the Wall Street Journal that Kelce, 37, purchased a $5.35 million lakefront estate in Ohio, and now home renovations are underway.
The Daily Mail reported on Thursday, October 8, that a planning board meeting was held last month in the village of Bratenahl, just outside Cleveland, and a six-foot fence was unanimously approved despite some objections from those living close by, according to records.
A neighbor by the name of Katherine Bolton reportedly told the Architectural Review Board that Kelce's new purchase was a "tremendous blow" to "the peace and quiet in Bratenahl."
"There's a new owner, who is an absentee owner, who is not going to be here," she said, according to a record of the hearing obtained by the Mail. (The Kansas City Chiefs tight end and pop star, 36, weren't named.)
#bratenahl #reported #swift
Earlier this year, it was reported by the Wall Street Journal that Kelce, 37, purchased a $5.35 million lakefront estate in Ohio, and now home renovations are underway.
The Daily Mail reported on Thursday, October 8, that a planning board meeting was held last month in the village of Bratenahl, just outside Cleveland, and a six-foot fence was unanimously approved despite some objections from those living close by, according to records.
A neighbor by the name of Katherine Bolton reportedly told the Architectural Review Board that Kelce's new purchase was a "tremendous blow" to "the peace and quiet in Bratenahl."
"There's a new owner, who is an absentee owner, who is not going to be here," she said, according to a record of the hearing obtained by the Mail. (The Kansas City Chiefs tight end and pop star, 36, weren't named.)
#bratenahl #reported #swift
3 days ago
Actress Julianne Moore has shared a look inside the West Village duplex penthouse she recently renovated, where items she's thoughtfully collected for decades create a perfectly lived-in vibe.
"The Big Lebowski" star, 65, told Architectural Digest that she had her eye on the residence before it ever hit the market.
"We were so lucky to find this apartment," she said in a video tour of the home. "I think this is one of the most beautiful apartments in New York."
Located in a 1920s building that was originally a hotel, the home is on "the roof of the building" and boasts several terraces—including one with an herb garden she planted and shares with her "very close friends."
After living in a townhouse with her husband, director Brett Freundlich, and their two children for nearly 25 years, this apartment is her first time living "up high."
#building #julianne
"The Big Lebowski" star, 65, told Architectural Digest that she had her eye on the residence before it ever hit the market.
"We were so lucky to find this apartment," she said in a video tour of the home. "I think this is one of the most beautiful apartments in New York."
Located in a 1920s building that was originally a hotel, the home is on "the roof of the building" and boasts several terraces—including one with an herb garden she planted and shares with her "very close friends."
After living in a townhouse with her husband, director Brett Freundlich, and their two children for nearly 25 years, this apartment is her first time living "up high."
#building #julianne
3 days ago
Sandra Bullock purchased her Valley Center property for $2.72 million in 2007, extensively renovating it
The estate featured 1,200 organic avocado trees, citrus groves, a saltwater pool and solar charging stations
She sold the property for $5.6 million in 2022 after it spent three weeks on the market
Years before she made her return to the big screen with Practical Magic 2, Sandra Bullock was making magic in another way — via her real estate holdings, which previously included a 91-acre Valley Center, Calif., property complete with an avocado tree farm (and 1,200 organic avocado trees).
The actress, 62, purchased the property in 2007 for $2.72 million via a trust, per Mansion Global, which cites property records.
#property #bullock #center
The estate featured 1,200 organic avocado trees, citrus groves, a saltwater pool and solar charging stations
She sold the property for $5.6 million in 2022 after it spent three weeks on the market
Years before she made her return to the big screen with Practical Magic 2, Sandra Bullock was making magic in another way — via her real estate holdings, which previously included a 91-acre Valley Center, Calif., property complete with an avocado tree farm (and 1,200 organic avocado trees).
The actress, 62, purchased the property in 2007 for $2.72 million via a trust, per Mansion Global, which cites property records.
#property #bullock #center
4 days ago
Several world-famous celebs gathered for the Louis Vuitton Spring/Summer 2027 show during Paris Fashion Week. Among the stars in Paris was Zendaya, who not only turned heads with her look but also made headlines for a brief interaction she had with Brigitte Macron, the First Lady of France.
In a video shared by Alexandre Maras, editor-in-chief of Paris Match, you can see the exact moment Brigitte Macron walks over to greet the Dune actress. During this brief encounter in the Cour Carrée of the Louvre Museum, 30-year-old Zendaya remained seated. The president's wife leaned in slightly to shake the actress's hand. The Euphoria star returned the gesture, shook her hand, and said it was a pleasure to meet her.
Moments before 73-year-old Brigitte Macron approached Zendaya, Bernard Arnault, CEO of the luxury group LVMH, had also greeted the actress. The executive leads the luxury conglomerate that brings together more than 75 internationally renowned brands, such as Louis Vuitton, Christian Dior, Fendi, Celine, Loewe, Givenchy, Marc Jacobs, Kenzo, among others.
Bernard Arnault and Zendaya at the Louis Vuitton fashion show (@ WWD via Getty Images)
Zendaya behaved the same way with Arnault; she greeted him, shook his hand, and stayed in her seat. Debate quickly erupted on social media. Some argued that the actress should have stood up out of courtesy and greeted them both on her feet—first, because of their positions as First Lady and top executive, and second, because they are older.
#louis
In a video shared by Alexandre Maras, editor-in-chief of Paris Match, you can see the exact moment Brigitte Macron walks over to greet the Dune actress. During this brief encounter in the Cour Carrée of the Louvre Museum, 30-year-old Zendaya remained seated. The president's wife leaned in slightly to shake the actress's hand. The Euphoria star returned the gesture, shook her hand, and said it was a pleasure to meet her.
Moments before 73-year-old Brigitte Macron approached Zendaya, Bernard Arnault, CEO of the luxury group LVMH, had also greeted the actress. The executive leads the luxury conglomerate that brings together more than 75 internationally renowned brands, such as Louis Vuitton, Christian Dior, Fendi, Celine, Loewe, Givenchy, Marc Jacobs, Kenzo, among others.
Bernard Arnault and Zendaya at the Louis Vuitton fashion show (@ WWD via Getty Images)
Zendaya behaved the same way with Arnault; she greeted him, shook his hand, and stayed in her seat. Debate quickly erupted on social media. Some argued that the actress should have stood up out of courtesy and greeted them both on her feet—first, because of their positions as First Lady and top executive, and second, because they are older.
#louis
6 days ago
Burry is mitigating near-term tax selling in underperforming holdings.
The investor foresees an early end to the artificial intelligence boom, positioning for a 2000–2003 style value equity revival.
Significant capital is being directed into discounted Chinese equities like BYD, while maintaining a cautious stance on Alibaba amidst its infrastructure spending.
Renowned value investor Michael Burry outlined his fourth-quarter portfolio maneuvers in an update on his Cassandra Unchained Substack platform on Monday, revealing how he is positioning around tax-loss harvesting headwinds while building long-term exposure to deeply discounted sectors.
Burry noted that the final quarter routinely brings heightened selling pressure on underperforming equities as investors sell underperforming ***** ets at a loss to offset capital gains.
#burry #positioning #capital #equities
The investor foresees an early end to the artificial intelligence boom, positioning for a 2000–2003 style value equity revival.
Significant capital is being directed into discounted Chinese equities like BYD, while maintaining a cautious stance on Alibaba amidst its infrastructure spending.
Renowned value investor Michael Burry outlined his fourth-quarter portfolio maneuvers in an update on his Cassandra Unchained Substack platform on Monday, revealing how he is positioning around tax-loss harvesting headwinds while building long-term exposure to deeply discounted sectors.
Burry noted that the final quarter routinely brings heightened selling pressure on underperforming equities as investors sell underperforming ***** ets at a loss to offset capital gains.
#burry #positioning #capital #equities
6 days ago
A royal expert claimed that Princess Diana loved King Charles until the very end. Moreover, she reportedly believed their relationship might have worked if they had met when they were a little older. The remark came after Charles Spencer released a memoir about Diana containing several bombshell claims, particularly about the monarch.
Princess Diana allegedly thought she met King Charles "at the wrong time." Ingrid Seward, the royal author, recently spoke about her conversations with Diana and her feelings about Charles with The Royal Observer. The comments come after the release of Charles Spencer's new memoir, Swan Song: Diana, My Sister. The book covers Diana's life, her marriage to Charles and the events surrounding her death. Spencer makes several claims about the former Prince of Wales, including allegations about his reaction following Diana's death.
Diana's brother mentioned that Charles sounded "giddily elated" during a phone call following Diana's death. He also wrote that the then-Prince of Wales said people would forget Diana "soon enough." Seward shared her thoughts on the matter and questioned whether Diana would approve of the allegations currently being made about Charles. The royal author said, "[The accusations are] the last thing in the world that Diana ever would have wanted, because she loved Charles. She loved him right until the end."
Seward also said that Diana wished they could have gotten back together. The renowned author said that Diana told her that had they met at the right time, when they were a little older, their relationship might have worked.
After their divorce was finalized in 1996, Seward said Diana and Charles were getting along quite well. She added, "There was a moment of togetherness, and Diana actually said to me, 'It's so sad because we could have conquered the world.'" Charles and Diana tied the knot on July 29, 1981, and had two sons, Prince William and Prince Harry. Their formal separation was announced in 1992, and their divorce was finalized four years later in 1996.
#princess
Princess Diana allegedly thought she met King Charles "at the wrong time." Ingrid Seward, the royal author, recently spoke about her conversations with Diana and her feelings about Charles with The Royal Observer. The comments come after the release of Charles Spencer's new memoir, Swan Song: Diana, My Sister. The book covers Diana's life, her marriage to Charles and the events surrounding her death. Spencer makes several claims about the former Prince of Wales, including allegations about his reaction following Diana's death.
Diana's brother mentioned that Charles sounded "giddily elated" during a phone call following Diana's death. He also wrote that the then-Prince of Wales said people would forget Diana "soon enough." Seward shared her thoughts on the matter and questioned whether Diana would approve of the allegations currently being made about Charles. The royal author said, "[The accusations are] the last thing in the world that Diana ever would have wanted, because she loved Charles. She loved him right until the end."
Seward also said that Diana wished they could have gotten back together. The renowned author said that Diana told her that had they met at the right time, when they were a little older, their relationship might have worked.
After their divorce was finalized in 1996, Seward said Diana and Charles were getting along quite well. She added, "There was a moment of togetherness, and Diana actually said to me, 'It's so sad because we could have conquered the world.'" Charles and Diana tied the knot on July 29, 1981, and had two sons, Prince William and Prince Harry. Their formal separation was announced in 1992, and their divorce was finalized four years later in 1996.
#princess
6 days ago
Niamh O'Brien, a former lead performer in Lord of the Dance and the wife of Riverdance star Michael Flatley, has died at the age of 52.
Announcing her death on social media on Monday, Flatley said his "heart is broken".
"My gorgeous bride of twenty years has gone to the Lord in Heaven."
O'Brien was a renowned Irish dancer who performed the lead role of Saoirse in the Lord of the Dance shows.
Flatley described her as "the most loving mother, wife and person and our lives will never be the same without her".
#wife
Announcing her death on social media on Monday, Flatley said his "heart is broken".
"My gorgeous bride of twenty years has gone to the Lord in Heaven."
O'Brien was a renowned Irish dancer who performed the lead role of Saoirse in the Lord of the Dance shows.
Flatley described her as "the most loving mother, wife and person and our lives will never be the same without her".
#wife
7 days ago
Over the past few years, Hollywood icon Pamela Anderson has revealed that her garden is her haven, one which mirrors her natural, make-up-free ethos.
Her beautiful garden sits within the Canadian childhood home that she took over to renovate in 2020.
In a post on her beauty brand's Instagram account, the mother of two is wearing a plethora of fabulous outfits to tend to her plants, and one of them is a rather bold ensemble. The 59-year-old wore a nude-coloured tutu skirt.
The eye-catching design is the kind of separate you wear for a special occasion, but Pamela made the look a little more casual by adding a copper-toned sweatshirt. With her tumbling blonde hair looking thicker than ever, Pamela looked at ease, sans makeup, within the enchanting backdrop.
Last month, the actress attended an event for Milan Fashion Week and shocked fans with her dramatic black eyeliner transformation.
#within #hollywood #last
Her beautiful garden sits within the Canadian childhood home that she took over to renovate in 2020.
In a post on her beauty brand's Instagram account, the mother of two is wearing a plethora of fabulous outfits to tend to her plants, and one of them is a rather bold ensemble. The 59-year-old wore a nude-coloured tutu skirt.
The eye-catching design is the kind of separate you wear for a special occasion, but Pamela made the look a little more casual by adding a copper-toned sweatshirt. With her tumbling blonde hair looking thicker than ever, Pamela looked at ease, sans makeup, within the enchanting backdrop.
Last month, the actress attended an event for Milan Fashion Week and shocked fans with her dramatic black eyeliner transformation.
#within #hollywood #last
9 days ago
In a first for the Kennedy Center Honors, the annual event will not take place at the John F. Kennedy Memorial Center for the Performing Arts this year. Instead, the 49th Kennedy Center Honors will be held at Capital One Arena in downtown Washington, DC, a venue with a significantly larger capacity of 20,000. Deadline reports that the ceremony will happen off-site on December 7, with the event's broadcasting partner to be announced later, according to a center spokesperson. The venue change isn't especially surprising. The center has been the subject of dispute for the past couple of years thanks to self-appointed chairman Donald Trump, who threatened to demolish the building unless his name was added to the exterior. His name was added in December 2025, and the addition has been consistently challenged in court for legal reasons. After a judge ruled that he couldn't just slap his name on the front of it, the waterfront center's main building was abruptly closed to the public because of purported structural damage and safety concerns that prompted renovations.
At the 2025 event, which was hosted by Trump, George Strait, KISS, Michael Crawford, Gloria Gaynor, and Sylvester Stallone were honored for their lifetime achievements in the arts. The CBS broadcast of the awards hit an all-time low in ratings, according to TheWrap. The honorees for this year's Kennedy Center Honors haven't been announced yet. Maybe Tom Cruise, who reportedly declined the honor last year due to scheduling conflicts, might get a second chance this time.
#arts
At the 2025 event, which was hosted by Trump, George Strait, KISS, Michael Crawford, Gloria Gaynor, and Sylvester Stallone were honored for their lifetime achievements in the arts. The CBS broadcast of the awards hit an all-time low in ratings, according to TheWrap. The honorees for this year's Kennedy Center Honors haven't been announced yet. Maybe Tom Cruise, who reportedly declined the honor last year due to scheduling conflicts, might get a second chance this time.
#arts
9 days ago
Diane Keaton's former Laguna Beach, Calif., home and "last renovation project" has hit the market for $10.3 million
The current owners preserved most of Keaton's designs and have decided to sell as they need more ***** e for their growing family
Most recently, Keaton's L.A. "Pinterest House" sold for $18 million in August after years of renovations
Diane Keaton's former Laguna Beach, Calif., home has hit the market for $10.3 million nearly one year after her death.
The four-bedroom, three-bathroom property was the star's "last renovation project" before her death at age 79 in October 2025, according to Luxre Realty agent Brooke Wainwright, who holds the listing with partner David Koffs.
#beach #calif #home
The current owners preserved most of Keaton's designs and have decided to sell as they need more ***** e for their growing family
Most recently, Keaton's L.A. "Pinterest House" sold for $18 million in August after years of renovations
Diane Keaton's former Laguna Beach, Calif., home has hit the market for $10.3 million nearly one year after her death.
The four-bedroom, three-bathroom property was the star's "last renovation project" before her death at age 79 in October 2025, according to Luxre Realty agent Brooke Wainwright, who holds the listing with partner David Koffs.
#beach #calif #home
9 days ago
The annual Kennedy Center Honors ceremony will move to Capital One Arena while the Kennedy Center undergoes safety ******* sments
The downtown venue holds nearly nine times more people than the Kennedy Center Opera House
President Donald Trump said renovations hinge on a court ruling about restoring his name to the institution's facade
For 50 years, artists honored by the Kennedy Center have gathered beneath the same roof to celebrate their careers. This year, that tradition will look different as the Kennedy Center Honors moves off site for the first time ever.
With the Kennedy Center's main building temporarily closed to the public while safety ******* sments continue, the center announced plans to move its annual celebration of American performing arts to Capital One Arena in downtown Washington, D.C.
#honors #move #safety #downtown
The downtown venue holds nearly nine times more people than the Kennedy Center Opera House
President Donald Trump said renovations hinge on a court ruling about restoring his name to the institution's facade
For 50 years, artists honored by the Kennedy Center have gathered beneath the same roof to celebrate their careers. This year, that tradition will look different as the Kennedy Center Honors moves off site for the first time ever.
With the Kennedy Center's main building temporarily closed to the public while safety ******* sments continue, the center announced plans to move its annual celebration of American performing arts to Capital One Arena in downtown Washington, D.C.
#honors #move #safety #downtown
9 days ago
Officials say it will be a staging facility for people who are self-deporting.
A new facility in Alexandria, Louisiana, may begin receiving undocumented families with children, local officials and immigrant rights advocates say.
The 528-bed facility will house families with children, unaccompanied minors, and single adult females as they await removal inside renovated former Air Force barracks at England Airpark, a former military base that now houses the Alexandria International Airport and an immigration detention facility, according to a draft agreement between ICE and the England Economic and Industrial Development District (EEIDD) reviewed by ABC News.
A communications manager for EEIDD told ABC News the facility could start receiving people "within the next week or two."
The facility would be the second constructed to house children since President Donald Trump's second term began but is the first to hold unaccompanied minors who are usually held in shelters under the custody of the Department of Health and Human Services before deportation or release.
#facility #alexandria #officials #House
A new facility in Alexandria, Louisiana, may begin receiving undocumented families with children, local officials and immigrant rights advocates say.
The 528-bed facility will house families with children, unaccompanied minors, and single adult females as they await removal inside renovated former Air Force barracks at England Airpark, a former military base that now houses the Alexandria International Airport and an immigration detention facility, according to a draft agreement between ICE and the England Economic and Industrial Development District (EEIDD) reviewed by ABC News.
A communications manager for EEIDD told ABC News the facility could start receiving people "within the next week or two."
The facility would be the second constructed to house children since President Donald Trump's second term began but is the first to hold unaccompanied minors who are usually held in shelters under the custody of the Department of Health and Human Services before deportation or release.
#facility #alexandria #officials #House
21 days ago
On September 9, 2026, Independence Realty Trust, Inc. (NYSE:IRT) and Centerspace announced a definitive all-stock merger agreement. It creates a combined middle-market apartment REIT with a pro forma equity market capitalization of about $5.0 billion and a total enterprise value of approximately $8.1 billion, encompassing more than 44,000 units.
The combined company will retain the Independence Realty Trust name and NYSE ticker "IRT." IRT's Scott Schaeffer continues as Chairman and CEO. The management projects the deal will be roughly 5% accretive to 2027 Core FFO per share for shareholders of both companies.
The merger gives Independence Realty Trust, Inc. (NYSE:IRT) higher scale and significantly broader geographic diversification. The combined company will own 44,354 apartment units across 163 communities in 17 states, with 58% of pro forma NOI coming from Sunbelt markets, 27% from the Midwest, and 15% from the Mountain West. The overall footprint reduces reliance on any single regional apartment market while keeping substantial exposure to markets with strong population and employment growth.
IRT can apply its existing value-creation strategy across a much larger portfolio. Its value-add renovation program has delivered about a 16% historical return on investment. The firm expects to grow its Wi-Fi initiative and other technology and income-generating programs across Centerspace's properties. Management also expects approximately $24 million in annualized synergies. It supports roughly 5% accretion to 2027 Core FFO per share on a leverage-neutral basis.
The all-stock structure allows the companies to chase greater scale without adding acquisition debt. IRT and Centerspace expect the combined company to retain BBB/BBB investment-grade credit ratings and maintain a well-laddered debt maturity profile. Centerspace shareholders will receive IRT shares and own approximately 22% of the combined company. It gives them exposure to the larger platform. Management also expects the transaction to improve access to capital markets and reduce the combined firm's cost of capital over time.
#management
The combined company will retain the Independence Realty Trust name and NYSE ticker "IRT." IRT's Scott Schaeffer continues as Chairman and CEO. The management projects the deal will be roughly 5% accretive to 2027 Core FFO per share for shareholders of both companies.
The merger gives Independence Realty Trust, Inc. (NYSE:IRT) higher scale and significantly broader geographic diversification. The combined company will own 44,354 apartment units across 163 communities in 17 states, with 58% of pro forma NOI coming from Sunbelt markets, 27% from the Midwest, and 15% from the Mountain West. The overall footprint reduces reliance on any single regional apartment market while keeping substantial exposure to markets with strong population and employment growth.
IRT can apply its existing value-creation strategy across a much larger portfolio. Its value-add renovation program has delivered about a 16% historical return on investment. The firm expects to grow its Wi-Fi initiative and other technology and income-generating programs across Centerspace's properties. Management also expects approximately $24 million in annualized synergies. It supports roughly 5% accretion to 2027 Core FFO per share on a leverage-neutral basis.
The all-stock structure allows the companies to chase greater scale without adding acquisition debt. IRT and Centerspace expect the combined company to retain BBB/BBB investment-grade credit ratings and maintain a well-laddered debt maturity profile. Centerspace shareholders will receive IRT shares and own approximately 22% of the combined company. It gives them exposure to the larger platform. Management also expects the transaction to improve access to capital markets and reduce the combined firm's cost of capital over time.
#management
22 days ago
For the record:
1:38 p.m. Sept. 19, 2026: An earlier version of this article stated KCAL's helicopter is owned by Angel City Air. It is owned by Helicopters Inc.
Whether it's a brush fire, a mass shooting, a car chase or the aftermath of a major storm, viewers in Los Angeles are used to getting the news from above.
Television news helicopter coverage has become one of the most important elements of any local newscast, with the high-flying helicopters roaring overhead a common fixture of breaking news scenes.
These images are so ubiquitous, it may have been easy to take them for granted, until Tuesday, when an NBC4 helicopter carrying reporter Eliana Moreno and pilot George Marciniw crashed while covering breaking news in Chatsworth. Both died, along with a bystander on the ground.
The tragedy has prompted soul-searching in the world of TV news helicopter pilots and focused attention on safety issues.
#city #whether #angeles
1:38 p.m. Sept. 19, 2026: An earlier version of this article stated KCAL's helicopter is owned by Angel City Air. It is owned by Helicopters Inc.
Whether it's a brush fire, a mass shooting, a car chase or the aftermath of a major storm, viewers in Los Angeles are used to getting the news from above.
Television news helicopter coverage has become one of the most important elements of any local newscast, with the high-flying helicopters roaring overhead a common fixture of breaking news scenes.
These images are so ubiquitous, it may have been easy to take them for granted, until Tuesday, when an NBC4 helicopter carrying reporter Eliana Moreno and pilot George Marciniw crashed while covering breaking news in Chatsworth. Both died, along with a bystander on the ground.
The tragedy has prompted soul-searching in the world of TV news helicopter pilots and focused attention on safety issues.
#city #whether #angeles
23 days ago
Michael Burry is back to short selling.
The investor who bet against the U.S. housing market to become one of Wall Street's most renowned contrarians will serve as a senior adviser to Minerva Investment Management as the business prepares to establish a short-biased investment vehicle.
The decision comes less than a year after Burry liquidated Scion ******* et Management, the hedge fund where he handled his ******* ets.
Scion's regulatory registration was terminated in November 2025, Reuters confirmed. The firm had managed about $155 million as of March of that year.
Later, Burry moved most of his public market ******* ysis inside his paid "Cassandra Unchained" newsletter.
#michael #wall
The investor who bet against the U.S. housing market to become one of Wall Street's most renowned contrarians will serve as a senior adviser to Minerva Investment Management as the business prepares to establish a short-biased investment vehicle.
The decision comes less than a year after Burry liquidated Scion ******* et Management, the hedge fund where he handled his ******* ets.
Scion's regulatory registration was terminated in November 2025, Reuters confirmed. The firm had managed about $155 million as of March of that year.
Later, Burry moved most of his public market ******* ysis inside his paid "Cassandra Unchained" newsletter.
#michael #wall
23 days ago
President Trump was photographed this week on board Air Force One examining a large poster with the words "Kennedy Center DEMOLISHED" printed above a rendering of a construction site, heightening concerns that his administration wants to raze Washington, D.C.'s iconic performing arts venue if his name is not added to its facade.
"I think that the Trump administration should certainly have recognition," the president told reporters before he boarded the plane Wednesday in North Carolina. "Because frankly, if we don't do that, it's going to close. It'll end up being ripped down."
Trump's comments and the photographs that followed are the latest developments in a convoluted saga that started when he dismissed the center's trustees in February 2025 — just days after returning to office — and replaced them with loyalists who elected him chairman.
Despite several legal setbacks, Trump's handpicked board has been pushing ever since to rename the John F. Kennedy Center for the Performing Arts, which was built as a "living memorial" to the slain 35th president, after the White House's current occupant.
The day before Trump was photographed with the "Kennedy Center DEMOLISHED" poster, his appointees voted to close the center's main building for renovations. Does this mean Trump will bulldoze the Kennedy Center if he doesn't get the "recognition" he wants? Here's what we know — and what we don't.
#performing
"I think that the Trump administration should certainly have recognition," the president told reporters before he boarded the plane Wednesday in North Carolina. "Because frankly, if we don't do that, it's going to close. It'll end up being ripped down."
Trump's comments and the photographs that followed are the latest developments in a convoluted saga that started when he dismissed the center's trustees in February 2025 — just days after returning to office — and replaced them with loyalists who elected him chairman.
Despite several legal setbacks, Trump's handpicked board has been pushing ever since to rename the John F. Kennedy Center for the Performing Arts, which was built as a "living memorial" to the slain 35th president, after the White House's current occupant.
The day before Trump was photographed with the "Kennedy Center DEMOLISHED" poster, his appointees voted to close the center's main building for renovations. Does this mean Trump will bulldoze the Kennedy Center if he doesn't get the "recognition" he wants? Here's what we know — and what we don't.
#performing
24 days ago
While the average personal loan interest rate is 12.44%, borrowers with excellent credit may have access to rates as low as 5.96%.
Credit unions tend to offer the lowest overall borrowing costs, with a national average of 10.64% and a legal rate cap of 18% at federal institutions.
Online fintech lenders advertise competitive rates starting just below 6%, though maximum rates can climb up to 36% or higher.
Commercial banks remain competitive, with an average rate of 12%, but they demand a high credit score and solid work history for approval.
Tracking average personal loan rates can help you benchmark your borrowing costs for major goals like consolidating credit cards, financing home renovations or covering emergencies. Because personal loans offer fixed monthly payments, they are a solid tool for eliminating credit card debt, provided your credit profile qualifies you for the lowest market pricing.
#average #rates #lowest #borrowing
Credit unions tend to offer the lowest overall borrowing costs, with a national average of 10.64% and a legal rate cap of 18% at federal institutions.
Online fintech lenders advertise competitive rates starting just below 6%, though maximum rates can climb up to 36% or higher.
Commercial banks remain competitive, with an average rate of 12%, but they demand a high credit score and solid work history for approval.
Tracking average personal loan rates can help you benchmark your borrowing costs for major goals like consolidating credit cards, financing home renovations or covering emergencies. Because personal loans offer fixed monthly payments, they are a solid tool for eliminating credit card debt, provided your credit profile qualifies you for the lowest market pricing.
#average #rates #lowest #borrowing
24 days ago
Parnassus Investments, an investment management company, released the "Parnassus Growth Equity Fund" second-quarter 2026 investor letter. The letter can be downloaded here. During the quarter, the Fund (Investor Shares) returned 17.49% (net of fees), outperforming the Russell 1000 Growth Index's 16.74%. Holdings in Information Technology and Consumer Discretionary sectors boosted relative returns, while Communication Services and Financials holdings detracted. For the year-to-date period, the Fund returned 6.17% (net of fees), outperforming the Russell 1000 Growth's 5.33%. The firm remains constructively bullish on U.S. equities and continues to be selective, valuation-sensitive, and focused on disruptive growth opportunities through active stock selection. Growth stocks advanced during the second quarter, as the Russell 1000 Growth Index generated strong double-digit returns driven by increased confidence in the durability of the ongoing artificial intelligence (AI) infrastructure build-out. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its second-quarter 2026 investor letter, Parnassus Growth Equity Fund highlighted Comfort Systems USA, Inc. (NYSE:FIX) as a new position. Comfort Systems USA, Inc. (NYSE:FIX) is a leading mechanical and electrical installation, renovation, maintenance, repair, and replacement services provider to commercial, industrial, and institutional customers. On September 15, 2026, Comfort Systems USA, Inc. (NYSE:FIX) closed at $1,576.78 per share. Over the past month, Comfort Systems USA, Inc. (NYSE:FIX) declined 5.15% and its shares gained 110.86% over the past 52 weeks. Comfort Systems USA, Inc. (NYSE:FIX) has a market capitalization of $55.49 billion.
Parnassus Growth Equity Fund stated the following regarding Comfort Systems USA, Inc. (NYSE:FIX) in its Q2 2026 investor letter:
"Other positions added during the quarter included Comfort Systems, a mechanical, electrical and plumbing contractor. Comfort Systems USA, Inc. (NYSE:FIX) is a mechanical, electrical and plumbing contractor that provides the skilled labor that's essential for building increasingly complex data centers, where demand continues to accelerate alongside AI investment."
Comfort Systems USA, Inc. (NYSE:FIX) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 83 hedge fund portfolios held Comfort Systems USA, Inc. (NYSE:FIX) at the end of the second quarter which was 80 in the previous quarter. While we acknowledge the potential of Comfort Systems USA, Inc. (NYSE:FIX) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#systems #parnassus
In its second-quarter 2026 investor letter, Parnassus Growth Equity Fund highlighted Comfort Systems USA, Inc. (NYSE:FIX) as a new position. Comfort Systems USA, Inc. (NYSE:FIX) is a leading mechanical and electrical installation, renovation, maintenance, repair, and replacement services provider to commercial, industrial, and institutional customers. On September 15, 2026, Comfort Systems USA, Inc. (NYSE:FIX) closed at $1,576.78 per share. Over the past month, Comfort Systems USA, Inc. (NYSE:FIX) declined 5.15% and its shares gained 110.86% over the past 52 weeks. Comfort Systems USA, Inc. (NYSE:FIX) has a market capitalization of $55.49 billion.
Parnassus Growth Equity Fund stated the following regarding Comfort Systems USA, Inc. (NYSE:FIX) in its Q2 2026 investor letter:
"Other positions added during the quarter included Comfort Systems, a mechanical, electrical and plumbing contractor. Comfort Systems USA, Inc. (NYSE:FIX) is a mechanical, electrical and plumbing contractor that provides the skilled labor that's essential for building increasingly complex data centers, where demand continues to accelerate alongside AI investment."
Comfort Systems USA, Inc. (NYSE:FIX) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 83 hedge fund portfolios held Comfort Systems USA, Inc. (NYSE:FIX) at the end of the second quarter which was 80 in the previous quarter. While we acknowledge the potential of Comfort Systems USA, Inc. (NYSE:FIX) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#systems #parnassus
24 days ago
NBC4's helicopter was one of several news aircraft flying over the scene of a deadly bus crash in Chatsworth Tuesday evening at sunset.
It's common for multiple news choppers to arrive at the scene of breaking news, beaming live images for newscasts and streaming.
But around 7 p.m., something went horribly wrong and in a matter of seconds the NBC4 chopper dropped out of the sky, crashing into shipping containers and vehicles outside a warehouse a few blocks away, bursting into flames. Two station journalists, reporter Eliana Moreno and pilot George Marciniw, were killed along with a bystander on the ground.
Federal investigators are now trying to figure out what went wrong. The Times interviewed several experts, who reviewed recordings of the chopper's final moments. They offered insights into the helicopter itself, its movements that afternoon and what is known about how its mechanics work.
Here's what they had to say:
#went #wrong #tuesday #nbc4
It's common for multiple news choppers to arrive at the scene of breaking news, beaming live images for newscasts and streaming.
But around 7 p.m., something went horribly wrong and in a matter of seconds the NBC4 chopper dropped out of the sky, crashing into shipping containers and vehicles outside a warehouse a few blocks away, bursting into flames. Two station journalists, reporter Eliana Moreno and pilot George Marciniw, were killed along with a bystander on the ground.
Federal investigators are now trying to figure out what went wrong. The Times interviewed several experts, who reviewed recordings of the chopper's final moments. They offered insights into the helicopter itself, its movements that afternoon and what is known about how its mechanics work.
Here's what they had to say:
#went #wrong #tuesday #nbc4
25 days ago
A federal judge blocked Trump's name from being added to the building.
President Donald Trump said on Wednesday the Kennedy Center could "close" or be "ripped down" if his administration doesn't receive recognition on the performing arts center as tensions over his name being removed mount.
"I think that the Trump administration should certainly have recognition. Because frankly, if we don't do that, it's going to close. It'll end up being ripped down," the president told reporters on the tarmac in North Carolina.
Trump claimed that the Kennedy Center was a "mess" without his intervention and "has lost 10s of millions of dollars, even hundreds of millions of dollars," comparing it to New York's Carnegie Hall.
The president's comments come after a federal judge on Tuesday blocked the performing arts center's board from adding a tribute to Trump on the building or site. He responded by saying he wouldn't spend congressionally approved funding for the center's renovation unless the building also bears his name.
#blocked
President Donald Trump said on Wednesday the Kennedy Center could "close" or be "ripped down" if his administration doesn't receive recognition on the performing arts center as tensions over his name being removed mount.
"I think that the Trump administration should certainly have recognition. Because frankly, if we don't do that, it's going to close. It'll end up being ripped down," the president told reporters on the tarmac in North Carolina.
Trump claimed that the Kennedy Center was a "mess" without his intervention and "has lost 10s of millions of dollars, even hundreds of millions of dollars," comparing it to New York's Carnegie Hall.
The president's comments come after a federal judge on Tuesday blocked the performing arts center's board from adding a tribute to Trump on the building or site. He responded by saying he wouldn't spend congressionally approved funding for the center's renovation unless the building also bears his name.
#blocked
25 days ago
It was a night of devastation in Chatsworth that began with a deadly Metro bus collision and ended with the fiery crash of an NBC4 helicopter covering the news that left two journalists and, on the ground, a bystander dead.
Tuesday's scene was a mixture of confusion and chaos, with first responders fanned out across two catastrophes and television news teams desperately trying to find out whether their journalists were safe. The crashes claimed the lives of five people and left others with various degrees of injury.
Investigators with the National Transportation Safety Board and the Federal Aviation Administration were trying Wednesday to determine exactly what caused the news helicopter, a Eurocopter AS350 B2, to go down.
NTSB Investigator Fabian Salazar said officials are searching through the wreckage, combing through maintenance logbooks, security footage, weather reports and witness interviews, and reviewing the pilot's training to figure out what went wrong.
But the most critical information so far has been audio captured from the helicopter during a live broadcast of reporter Eliana Moreno and pilot George Marciniw's final moments before it crashed.
#journalists #nbc4
Tuesday's scene was a mixture of confusion and chaos, with first responders fanned out across two catastrophes and television news teams desperately trying to find out whether their journalists were safe. The crashes claimed the lives of five people and left others with various degrees of injury.
Investigators with the National Transportation Safety Board and the Federal Aviation Administration were trying Wednesday to determine exactly what caused the news helicopter, a Eurocopter AS350 B2, to go down.
NTSB Investigator Fabian Salazar said officials are searching through the wreckage, combing through maintenance logbooks, security footage, weather reports and witness interviews, and reviewing the pilot's training to figure out what went wrong.
But the most critical information so far has been audio captured from the helicopter during a live broadcast of reporter Eliana Moreno and pilot George Marciniw's final moments before it crashed.
#journalists #nbc4
25 days ago
Hive Digital Technologies Chief Financial Officer Darcy Daubaras joined Steve Darling from Proactive to discuss the appointment of renowned capital markets executive Hubert Marleau as an Independent Director of HIVE's wholly owned subsidiary, BUZZ High Performance Computing (BUZZ HPC), a move designed to strengthen governance and strategic oversight as the company expands its sovereign AI infrastructure platform across Canada.
Daubaras said Marleau's appointment brings an exceptional level of experience in capital markets, corporate governance and strategic growth at a pivotal time for BUZZ HPC. As demand for artificial intelligence infrastructure continues to accelerate globally, HIVE is positioning BUZZ HPC as a key provider of sovereign AI computing solutions, and management believes Marleau's expertise will help guide the business through its next phase of expansion.
Marleau has spent more than five decades working across North American capital markets and is widely recognized as one of Canada's most experienced investment and governance professionals. His career spans investment banking, ******* et management, corporate finance and public company leadership, giving him a unique perspective on scaling businesses, raising capital and creating shareholder value.
A co-founder of Palos Capital Corp. and Palos Management Inc., Marleau has held influential leadership positions throughout Canada's financial sector. His extensive resume includes serving as a Governor of both the Montreal and Vancouver stock exchanges, Chairman of the Toronto Stock Exchange Listing Committee and a director of the Investment Dealers ******* ociation of Canada, now known as IIROC.
Over the course of his distinguished career, Marleau has served as a current or former director of more than 50 publicly traded companies in Canada and the United States. He has also played a key role in raising both public and private capital for hundreds of issuers and has advised on numerous mergers, acquisitions and financing transactions across a wide range of industries.
#canada #across
Daubaras said Marleau's appointment brings an exceptional level of experience in capital markets, corporate governance and strategic growth at a pivotal time for BUZZ HPC. As demand for artificial intelligence infrastructure continues to accelerate globally, HIVE is positioning BUZZ HPC as a key provider of sovereign AI computing solutions, and management believes Marleau's expertise will help guide the business through its next phase of expansion.
Marleau has spent more than five decades working across North American capital markets and is widely recognized as one of Canada's most experienced investment and governance professionals. His career spans investment banking, ******* et management, corporate finance and public company leadership, giving him a unique perspective on scaling businesses, raising capital and creating shareholder value.
A co-founder of Palos Capital Corp. and Palos Management Inc., Marleau has held influential leadership positions throughout Canada's financial sector. His extensive resume includes serving as a Governor of both the Montreal and Vancouver stock exchanges, Chairman of the Toronto Stock Exchange Listing Committee and a director of the Investment Dealers ******* ociation of Canada, now known as IIROC.
Over the course of his distinguished career, Marleau has served as a current or former director of more than 50 publicly traded companies in Canada and the United States. He has also played a key role in raising both public and private capital for hundreds of issuers and has advised on numerous mergers, acquisitions and financing transactions across a wide range of industries.
#canada #across
25 days ago
Tributes began pouring in Wednesday after a news helicopter crashed in Los Angeles, leaving three people dead.
The crash occurred just before 7 p.m. local time Tuesday in the Chatsworth area of the San Fernando Valley, as the news chopper was covering a road traffic accident.
Angel City Air operated the helicopter, which was providing news coverage for NBC Los Angeles.
The victims aboard the helicopter were identified as Eliana Moreno, a journalist familiar to viewers of the station and its Spanish-language sister station, Telemundo 52, and pilot George Marciniw. The pair began flying together in 2023.
A pedestrian on the ground was also confirmed to have died at the scene, officials said. Authorities identified the third victim as Edy Gutiérrez Mejia, 29.
#wednesday
The crash occurred just before 7 p.m. local time Tuesday in the Chatsworth area of the San Fernando Valley, as the news chopper was covering a road traffic accident.
Angel City Air operated the helicopter, which was providing news coverage for NBC Los Angeles.
The victims aboard the helicopter were identified as Eliana Moreno, a journalist familiar to viewers of the station and its Spanish-language sister station, Telemundo 52, and pilot George Marciniw. The pair began flying together in 2023.
A pedestrian on the ground was also confirmed to have died at the scene, officials said. Authorities identified the third victim as Edy Gutiérrez Mejia, 29.
#wednesday
26 days ago
Oregon billionaires Phil and Penny Knight committed $1.1 billion to the Providence St. Vincent Medical Center and the Providence Heart Institute to build Oregon's first hospital dedicated to women's health, the medical center announced Tuesday.
Phil Knight, co-founder of Nike, and his wife, have supported the institute for more than a decade, previously giving it more than $200 million, including a $75 million gift earlier this year. Along with creating the new women's hospital, their new donation will help the medical center expand cardiovascular care and clinical research and training programs for the heart institute's medical personnel. It will also make it easier to integrate patient care across the medical center.
"Women's health needs change throughout life, and too often patients are asked to navigate multiple specialties and care settings on their own," Ray Moreno, the medical center's CEO, said in a statement. "The Knights' gift is an opportunity to bring these resources together, expanding access for women across Oregon and creating a strong foundation to bridge care gaps in women's health."
The donation is particularly significant because it comes at a moment when U.S. hospitals are seeing far more pregnant patients who are also managing chronic health conditions like diabetes, hypertension, addiction, and behavioral and mental health issues. It also lands at the same time healthcare organizations are struggling with the impact of government funding cuts.
"Resources are scarce, and healthcare is increasingly looking to philanthropy to fill in the gaps," Dan Oseran, the heart institute's executive medical director, told the Chronicle. "A gift like this reduces that friction a little bit and provides the ability to do things we wouldn't otherwise be able to do."
#center #oregon #knight #providence
Phil Knight, co-founder of Nike, and his wife, have supported the institute for more than a decade, previously giving it more than $200 million, including a $75 million gift earlier this year. Along with creating the new women's hospital, their new donation will help the medical center expand cardiovascular care and clinical research and training programs for the heart institute's medical personnel. It will also make it easier to integrate patient care across the medical center.
"Women's health needs change throughout life, and too often patients are asked to navigate multiple specialties and care settings on their own," Ray Moreno, the medical center's CEO, said in a statement. "The Knights' gift is an opportunity to bring these resources together, expanding access for women across Oregon and creating a strong foundation to bridge care gaps in women's health."
The donation is particularly significant because it comes at a moment when U.S. hospitals are seeing far more pregnant patients who are also managing chronic health conditions like diabetes, hypertension, addiction, and behavioral and mental health issues. It also lands at the same time healthcare organizations are struggling with the impact of government funding cuts.
"Resources are scarce, and healthcare is increasingly looking to philanthropy to fill in the gaps," Dan Oseran, the heart institute's executive medical director, told the Chronicle. "A gift like this reduces that friction a little bit and provides the ability to do things we wouldn't otherwise be able to do."
#center #oregon #knight #providence
26 days ago
Parnassus Investments, an investment management company, released the "Parnassus Growth Equity Fund" second-quarter 2026 investor letter. The letter can be downloaded here. During the quarter, the Fund (Investor Shares) returned 17.49% (net of fees), outperforming the Russell 1000 Growth Index's 16.74%. Holdings in Information Technology and Consumer Discretionary sectors boosted relative returns, while Communication Services and Financials holdings detracted. For the year-to-date period, the Fund returned 6.17% (net of fees), outperforming the Russell 1000 Growth's 5.33%. The firm remains constructively bullish on U.S. equities and continues to be selective, valuation-sensitive, and focused on disruptive growth opportunities through active stock selection. Growth stocks advanced during the second quarter, as the Russell 1000 Growth Index generated strong double-digit returns driven by increased confidence in the durability of the ongoing artificial intelligence (AI) infrastructure build-out. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its second-quarter 2026 investor letter, Parnassus Growth Equity Fund highlighted Comfort Systems USA, Inc. (NYSE:FIX) as a new position. Comfort Systems USA, Inc. (NYSE:FIX) is a leading mechanical and electrical installation, renovation, maintenance, repair, and replacement services provider to commercial, industrial, and institutional customers. On September 15, 2026, Comfort Systems USA, Inc. (NYSE:FIX) closed at $1,576.78 per share. Over the past month, Comfort Systems USA, Inc. (NYSE:FIX) declined 5.15% and its shares gained 110.86% over the past 52 weeks. Comfort Systems USA, Inc. (NYSE:FIX) has a market capitalization of $55.49 billion.
Parnassus Growth Equity Fund stated the following regarding Comfort Systems USA, Inc. (NYSE:FIX) in its Q2 2026 investor letter:
"Other positions added during the quarter included Comfort Systems, a mechanical, electrical and plumbing contractor. Comfort Systems USA, Inc. (NYSE:FIX) is a mechanical, electrical and plumbing contractor that provides the skilled labor that's essential for building increasingly complex data centers, where demand continues to accelerate alongside AI investment."
Comfort Systems USA, Inc. (NYSE:FIX) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 83 hedge fund portfolios held Comfort Systems USA, Inc. (NYSE:FIX) at the end of the second quarter which was 80 in the previous quarter. While we acknowledge the potential of Comfort Systems USA, Inc. (NYSE:FIX) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#NYSE #quarter
In its second-quarter 2026 investor letter, Parnassus Growth Equity Fund highlighted Comfort Systems USA, Inc. (NYSE:FIX) as a new position. Comfort Systems USA, Inc. (NYSE:FIX) is a leading mechanical and electrical installation, renovation, maintenance, repair, and replacement services provider to commercial, industrial, and institutional customers. On September 15, 2026, Comfort Systems USA, Inc. (NYSE:FIX) closed at $1,576.78 per share. Over the past month, Comfort Systems USA, Inc. (NYSE:FIX) declined 5.15% and its shares gained 110.86% over the past 52 weeks. Comfort Systems USA, Inc. (NYSE:FIX) has a market capitalization of $55.49 billion.
Parnassus Growth Equity Fund stated the following regarding Comfort Systems USA, Inc. (NYSE:FIX) in its Q2 2026 investor letter:
"Other positions added during the quarter included Comfort Systems, a mechanical, electrical and plumbing contractor. Comfort Systems USA, Inc. (NYSE:FIX) is a mechanical, electrical and plumbing contractor that provides the skilled labor that's essential for building increasingly complex data centers, where demand continues to accelerate alongside AI investment."
Comfort Systems USA, Inc. (NYSE:FIX) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 83 hedge fund portfolios held Comfort Systems USA, Inc. (NYSE:FIX) at the end of the second quarter which was 80 in the previous quarter. While we acknowledge the potential of Comfort Systems USA, Inc. (NYSE:FIX) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#NYSE #quarter
26 days ago
In the early 2000s, house-flipping was the get-rich-quick trend that seemingly everyone with enough liquidity wanted to try their hand at. It was popularized by TV shows like Flip This House that showcased fixer-upper success stories and took viewers along for the ride.
Though the heyday ended with the 2008 housing crash, the practice was revived in the COVID-era housing lull and remains popular even now, despite not being as profitable as it once was given rising real estate, material, and labour costs. One way around those realities is to take advantage of the speculative nature of certain properties so a flip doesn't have to involve much renovation work (or any at all, if you're lucky).
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#like #covid #bezos
Though the heyday ended with the 2008 housing crash, the practice was revived in the COVID-era housing lull and remains popular even now, despite not being as profitable as it once was given rising real estate, material, and labour costs. One way around those realities is to take advantage of the speculative nature of certain properties so a flip doesn't have to involve much renovation work (or any at all, if you're lucky).
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#like #covid #bezos
27 days ago
Starbucks Corporation (NASDAQ:SBUX) is betting $1 billion that leather armchairs, rugs, and bookshelves can turn a recovering coffee business into a more profitable one. The company plans to upgrade as many as 9,000 North American stores into warmer, more comfortable **** es designed to bring back customers who stopped treating Starbucks as a place to sit and stay. The strategy arrives as CEO Brian Niccol's turnaround gains traction, but investors still need to see whether higher traffic can translate into stronger margins.
Pixabay/Public Domain
The store upgrades are part of Niccol's broader "Back to Starbucks" strategy, which has already helped reverse a prolonged sales slump. Global comparable-store sales increased 7.9% in the latest quarter, with transactions up 4.2% and average ticket up 3.5%. U.S. comparable sales also rose 7.9%, indicating that the recovery is being driven by more than higher prices.
Starbucks Corporation (NASDAQ:SBUX) is spending roughly $150,000 per store on the new uplifts, far below the cost of previous renovations, and the work can generally be completed overnight without closing stores. The company expects about 1,500 upgrades to be finished by the end of September and ultimately wants to reach 8,000 to 9,000 company-operated North American locations.
That matters because Starbucks Corporation (NASDAQ:SBUX) has gradually become optimized for transactions rather than lingering. Mobile orders now account for roughly one-third of U.S. transactions, more than twice their share in 2019. The new design is therefore an attempt to restore the "third place" concept without abandoning the convenience that has become central to the business.
#corporation #NASDAQ #sales #transactions
Pixabay/Public Domain
The store upgrades are part of Niccol's broader "Back to Starbucks" strategy, which has already helped reverse a prolonged sales slump. Global comparable-store sales increased 7.9% in the latest quarter, with transactions up 4.2% and average ticket up 3.5%. U.S. comparable sales also rose 7.9%, indicating that the recovery is being driven by more than higher prices.
Starbucks Corporation (NASDAQ:SBUX) is spending roughly $150,000 per store on the new uplifts, far below the cost of previous renovations, and the work can generally be completed overnight without closing stores. The company expects about 1,500 upgrades to be finished by the end of September and ultimately wants to reach 8,000 to 9,000 company-operated North American locations.
That matters because Starbucks Corporation (NASDAQ:SBUX) has gradually become optimized for transactions rather than lingering. Mobile orders now account for roughly one-third of U.S. transactions, more than twice their share in 2019. The new design is therefore an attempt to restore the "third place" concept without abandoning the convenience that has become central to the business.
#corporation #NASDAQ #sales #transactions
27 days ago
One of the longest-tenured members of the Houston Astros leadership will be taking his talents to the East Coast to try out a new professional sport.
On Monday afternoon, the NHL's Pittsburgh Penguins announced the appointment of Marcel Braithwaite as the team's new President of Business Operations.
Braithwaite has been promoted to the new role after 14 years with the Houston Astros. He notably served as the Senior Vice President of Business Operations and was one of the initial hires under the Jim Crane-led baseball organization.
"It's an honor to join the Penguins at such an exciting time under new ownership," said Braithwaite. "I am grateful to the Astros and look forward to serving the employees, fans and city of Pittsburgh by bringing a winning culture to this franchise alongside Geoff, Kyle and the rest of this talented Front Office."
As a member of the Astros' Executive leadership team, Braithwaite guided the franchise through several ballpark renovations, security upgrades and naming rights negotiations, ensuring the business maximized revenue opportunities while providing a best-in-class fan experience.
#astros #braithwaite #houston
On Monday afternoon, the NHL's Pittsburgh Penguins announced the appointment of Marcel Braithwaite as the team's new President of Business Operations.
Braithwaite has been promoted to the new role after 14 years with the Houston Astros. He notably served as the Senior Vice President of Business Operations and was one of the initial hires under the Jim Crane-led baseball organization.
"It's an honor to join the Penguins at such an exciting time under new ownership," said Braithwaite. "I am grateful to the Astros and look forward to serving the employees, fans and city of Pittsburgh by bringing a winning culture to this franchise alongside Geoff, Kyle and the rest of this talented Front Office."
As a member of the Astros' Executive leadership team, Braithwaite guided the franchise through several ballpark renovations, security upgrades and naming rights negotiations, ensuring the business maximized revenue opportunities while providing a best-in-class fan experience.
#astros #braithwaite #houston
27 days ago
Renowned fashion and costume designer Bob Mackie has died at the age of 87.
The designer, who was best known for dressing the likes of Cher and Elton John in show-stopping ensembles, died on Monday.
"It is with a heavy heart that we share the news that Mr. Bob Mackie passed away today," reads a statement on his social media pages. "He lived his 87 years to the fullest, fulfilling his dream of being a Fashion and Costume Designer, which is all he ever wanted to do. His genius and extraordinary designs will live on forever, continuing to bring beauty into this world."
His cause of death has not been disclosed.
Known for his flamboyant, over-the-top and extravagant designs, Mackie created all the costumes for The Carol Burnett Show variety series in the '60s and '70s, and Cher's looks for her TV programmes, including The Sonny & Cher Comedy Hour and The Sonny and Cher Show.
Mackie collaborated with the music legend many times over the years and famously designed her headline-grabbing outfit at the 1986 Oscars, where she wore a towering feathered headdress and a black midriff-baring ensemble.
#designer
The designer, who was best known for dressing the likes of Cher and Elton John in show-stopping ensembles, died on Monday.
"It is with a heavy heart that we share the news that Mr. Bob Mackie passed away today," reads a statement on his social media pages. "He lived his 87 years to the fullest, fulfilling his dream of being a Fashion and Costume Designer, which is all he ever wanted to do. His genius and extraordinary designs will live on forever, continuing to bring beauty into this world."
His cause of death has not been disclosed.
Known for his flamboyant, over-the-top and extravagant designs, Mackie created all the costumes for The Carol Burnett Show variety series in the '60s and '70s, and Cher's looks for her TV programmes, including The Sonny & Cher Comedy Hour and The Sonny and Cher Show.
Mackie collaborated with the music legend many times over the years and famously designed her headline-grabbing outfit at the 1986 Oscars, where she wore a towering feathered headdress and a black midriff-baring ensemble.
#designer
28 days ago
Lowe's edges out Home Depot as the safer income hold, with a 6.93% FCF yield covering its 2.39% dividend yield by a far wider margin.
Home Depot's Pro contractor pivot drove 1.7% comp sales growth versus Lowe's 0.2%, but its free cash flow still shrank 22% and its payout ratio sits higher.
Lowe's steady raises from $1.05 to $1.25 quarterly signal a longer dividend growth runway than Home Depot's token 1.3% ***** p to $2.33.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now, and Home Depot didn't make the cut. Enter your email to see the names that beat HD. The report is free. Enter your email and see if any of your stocks made the cut.
For an income investor weighing Home Depot (NYSE:HD) against Lowe's (NYSE:LOW), the real question is which dividend holds up better when the housing market stays frozen. Existing home sales sit at 3.98M annualized, the lowest reading in the trailing twelve-month history and inside what the series classifies as the soft range ***** ociated with high mortgage rates. Home Depot's CFO said housing turnover has "never been lower as a percentage of the housing stock". When people stop moving, they stop renovating. That is the identical headwind facing both payouts, and it sharpens the question of which one is actually safer.
#home #depot #Dividend #housing
Home Depot's Pro contractor pivot drove 1.7% comp sales growth versus Lowe's 0.2%, but its free cash flow still shrank 22% and its payout ratio sits higher.
Lowe's steady raises from $1.05 to $1.25 quarterly signal a longer dividend growth runway than Home Depot's token 1.3% ***** p to $2.33.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now, and Home Depot didn't make the cut. Enter your email to see the names that beat HD. The report is free. Enter your email and see if any of your stocks made the cut.
For an income investor weighing Home Depot (NYSE:HD) against Lowe's (NYSE:LOW), the real question is which dividend holds up better when the housing market stays frozen. Existing home sales sit at 3.98M annualized, the lowest reading in the trailing twelve-month history and inside what the series classifies as the soft range ***** ociated with high mortgage rates. Home Depot's CFO said housing turnover has "never been lower as a percentage of the housing stock". When people stop moving, they stop renovating. That is the identical headwind facing both payouts, and it sharpens the question of which one is actually safer.
#home #depot #Dividend #housing
