1 month ago
On August 6, The RealReal (NASDAQ:REAL) reported second quarter results that beat its own outlook and pushed the resale luxury marketplace to raise its full year guidance. Gross merchandise value hit an all time high of $617 million, up 22% from a year earlier, and management pointed to four straight quarters of GMV growth above 20%. But a wider net loss sitting next to those record numbers complicates the story for anyone weighing the stock today.
The headline number is GMV of $617 million for the quarter ended June 30, up 22% year over year, with total revenue climbing 17% to $193 million. Consignment revenue grew 15% while Direct Revenue, the company's owned inventory channel, grew 26%, showing both sides of the business contributing to the acceleration. Profitability moved in the same direction. Gross margin reached 74.4%, up 10 basis points from a year ago, and Adjusted EBITDA margin jumped to 7%, a 290 basis point improvement that management called nearly 300 basis points of expansion.
The buyer base backs up the growth story rather than just the pricing. Trailing twelve-month active buyers rose 11% to 1,107,000, and average order value climbed 13% to $659, meaning existing shoppers are spending meaningfully more per transaction, not just showing up more often. That combination gave management enough confidence to raise full-year guidance to $2.54 billion to $2.57 billion in GMV and $788 million to $797 million in total revenue, alongside third-quarter Adjusted EBITDA guidance of $13.5 million to $14.5 million.
Despite the operating improvements, GAAP losses widened. Net loss came in at $27 million, or 14.1% of total revenue, compared to $11 million, or 6.9% of total revenue, a year earlier. GAAP basic net loss per share was $0.23 versus $0.10 in the prior year period, and diluted net loss per share was $0.23 versus $0.13. Much of that swing traces to a $(18.6) million non-cash adjustment tied to the change in fair value of warrant liability, a factor unrelated to how the underlying business performed. On a non-GAAP basis, basic and diluted net loss per share actually narrowed to $0.01 from $0.06, underscoring how much of the GAAP gap is accounting rather than operations.
There is also a transparency wrinkle in the guidance itself. The RealReal said it has not reconciled its forward-looking Adjusted EBITDA figures to GAAP net income or loss, citing components like payroll tax expense on employee stock transactions that it cannot predict with reasonable certainty. That leaves investors trusting a non-GAAP target without the usual bridge back to the bottom line.
#adjusted
The headline number is GMV of $617 million for the quarter ended June 30, up 22% year over year, with total revenue climbing 17% to $193 million. Consignment revenue grew 15% while Direct Revenue, the company's owned inventory channel, grew 26%, showing both sides of the business contributing to the acceleration. Profitability moved in the same direction. Gross margin reached 74.4%, up 10 basis points from a year ago, and Adjusted EBITDA margin jumped to 7%, a 290 basis point improvement that management called nearly 300 basis points of expansion.
The buyer base backs up the growth story rather than just the pricing. Trailing twelve-month active buyers rose 11% to 1,107,000, and average order value climbed 13% to $659, meaning existing shoppers are spending meaningfully more per transaction, not just showing up more often. That combination gave management enough confidence to raise full-year guidance to $2.54 billion to $2.57 billion in GMV and $788 million to $797 million in total revenue, alongside third-quarter Adjusted EBITDA guidance of $13.5 million to $14.5 million.
Despite the operating improvements, GAAP losses widened. Net loss came in at $27 million, or 14.1% of total revenue, compared to $11 million, or 6.9% of total revenue, a year earlier. GAAP basic net loss per share was $0.23 versus $0.10 in the prior year period, and diluted net loss per share was $0.23 versus $0.13. Much of that swing traces to a $(18.6) million non-cash adjustment tied to the change in fair value of warrant liability, a factor unrelated to how the underlying business performed. On a non-GAAP basis, basic and diluted net loss per share actually narrowed to $0.01 from $0.06, underscoring how much of the GAAP gap is accounting rather than operations.
There is also a transparency wrinkle in the guidance itself. The RealReal said it has not reconciled its forward-looking Adjusted EBITDA figures to GAAP net income or loss, citing components like payroll tax expense on employee stock transactions that it cannot predict with reasonable certainty. That leaves investors trusting a non-GAAP target without the usual bridge back to the bottom line.
#adjusted
1 month ago
On September 10, Lovesac (NASDAQ:LOVE) reported record second quarter revenue of $161.2 million, its highest Q2 total ever, even as its entry-level furniture shopper kept pulling back. The 0.4% sales increase came almost entirely from showrooms rather than higher-margin online orders, and the quarter's real profit boost was traced to a one-time source. A $20 million tariff refund lifted gross margin by 1,200 basis points to 68.4%, masking an underlying business that actually lost money once that windfall is stripped out.
Configurations priced above $6,000 grew by double digits during the quarter, even against a strong comparison from a year earlier, and management pointed to that segment as the clearest sign the brand's value proposition still resonates. Showroom net sales climbed 4.6% to $114.1 million, helped by 14 net new locations opened over the past year and a double-digit jump in conversion rates that offset softer foot traffic.
The Snugg platform, a smaller and more digitally oriented sofa line, helped push "other products" revenue up 198.2%, with more than half of Snugg sales happening online, giving Lovesac a lower-priced entry point into the brand. The Loved by Lovesac resale program is doing similar work, with 70% of its customers new to the company.
Behind all of this sits a pipeline of four major launches set for the second half: a personalized comfort feature for Sactionals, an entirely new large-format premium seating platform, Snugg accessories including a corner piece and swivel base, and the start of onshore Sactionals seat manufacturing, alongside a national rollout of White Glove and Room of Choice delivery. The balance sheet backs it up, with $68.8 million in cash, no debt, $34 million in unused borrowing capacity, and $7.2 million in buybacks with $46.9 million left under the current authorization.
Omni-channel comparable sales fell 1.9%, driven by demand pressure below $6,000, where management said inflation, higher interest rates, and a spike in gas prices have hit the same buyers for several quarters running. Internet sales dropped 5.3%, Sacs sales fell 8.6%, and the exit of the Best Buy shop-in-shop partnership cut "other" net sales by 23.2%. Strip out the tariff refund and adjusted EBITDA was actually a loss of $1.3 million, compared with income of $0.8 million a year earlier, a sign the core business is less profitable than the headline numbers suggest.
#million #quarter #revenue
Configurations priced above $6,000 grew by double digits during the quarter, even against a strong comparison from a year earlier, and management pointed to that segment as the clearest sign the brand's value proposition still resonates. Showroom net sales climbed 4.6% to $114.1 million, helped by 14 net new locations opened over the past year and a double-digit jump in conversion rates that offset softer foot traffic.
The Snugg platform, a smaller and more digitally oriented sofa line, helped push "other products" revenue up 198.2%, with more than half of Snugg sales happening online, giving Lovesac a lower-priced entry point into the brand. The Loved by Lovesac resale program is doing similar work, with 70% of its customers new to the company.
Behind all of this sits a pipeline of four major launches set for the second half: a personalized comfort feature for Sactionals, an entirely new large-format premium seating platform, Snugg accessories including a corner piece and swivel base, and the start of onshore Sactionals seat manufacturing, alongside a national rollout of White Glove and Room of Choice delivery. The balance sheet backs it up, with $68.8 million in cash, no debt, $34 million in unused borrowing capacity, and $7.2 million in buybacks with $46.9 million left under the current authorization.
Omni-channel comparable sales fell 1.9%, driven by demand pressure below $6,000, where management said inflation, higher interest rates, and a spike in gas prices have hit the same buyers for several quarters running. Internet sales dropped 5.3%, Sacs sales fell 8.6%, and the exit of the Best Buy shop-in-shop partnership cut "other" net sales by 23.2%. Strip out the tariff refund and adjusted EBITDA was actually a loss of $1.3 million, compared with income of $0.8 million a year earlier, a sign the core business is less profitable than the headline numbers suggest.
#million #quarter #revenue
2 months ago
Consumers just can't catch a break. According to Friday's Consumer Price Index report from the Bureau of Labor Statistics (BLS), inflation is holding steady as surging gas prices empty shoppers' wallets.
But that's not all. Year-over-year data about household debt paints a dim picture of the state of consumer finances. However, this week's home sales report offers a silver lining, showing it might be a good time to buy a house.
More from WWD
Back-to-School Resale Meets Its Toughest Customer: Children
Cautious Consumers Seen Spending More this Holiday Shopping Season
#consumers #report #price
But that's not all. Year-over-year data about household debt paints a dim picture of the state of consumer finances. However, this week's home sales report offers a silver lining, showing it might be a good time to buy a house.
More from WWD
Back-to-School Resale Meets Its Toughest Customer: Children
Cautious Consumers Seen Spending More this Holiday Shopping Season
#consumers #report #price
2 months ago
Ticket prices for the Ohio State-Texas game on Sept. 12 remain pricey.
On Aug. 7, the lowest ticket price available on resale sites for the Ohio State-Texas game was $554. One day before the game, prices have dipped slightly, though they continue to be among the most expensive in college football.
Both the Buckeyes and Longhorns are ranked within the top five of the US LBM Coaches Poll and the ****** ociated Press poll. OSU holds the top spot in both polls, while Texas ranks No. 3 in the Coaches and No. 4 in the AP. The matchup will be the only game of the weekend between two top-10 teams in the polls.
See the latest prices for the Ohio State-Texas game below.
Below is a list of the lowest ticket prices listed on select resale sites for the Ohio State-Texas game.
#texas #prices #coaches #poll
On Aug. 7, the lowest ticket price available on resale sites for the Ohio State-Texas game was $554. One day before the game, prices have dipped slightly, though they continue to be among the most expensive in college football.
Both the Buckeyes and Longhorns are ranked within the top five of the US LBM Coaches Poll and the ****** ociated Press poll. OSU holds the top spot in both polls, while Texas ranks No. 3 in the Coaches and No. 4 in the AP. The matchup will be the only game of the weekend between two top-10 teams in the polls.
See the latest prices for the Ohio State-Texas game below.
Below is a list of the lowest ticket prices listed on select resale sites for the Ohio State-Texas game.
#texas #prices #coaches #poll
2 months ago
You can watch a US Open semifinal match for about the price of the Honey Deuce.
The get-in price for Session 24 of the US Open—the semifinal match at 2 p.m. ET between Alexander Zverev and Karen Khachanov—dropped as low as $28, down from about $300 at the start of the main draw two weeks ago, according to TicketData. It's a 91% dip compared to just three days ago.
The price dip is likely due to the lack of star power between the two players, even though Zverev is the tournament's No. 1 seed.
TicketData listed its final pre-match average as $40 two hours before the match; pairs of tickets were available on resale sites for $33 shortly after.
The night session match between Americans Frances Tiafoe and Ben Shelton still has a $300 get-in price. It has dipped by 27% over the last three days—ticket prices often drop on the day of the event—but it's still above the tournament average of $296 at the start of the main draw on Aug. 30.
#session
The get-in price for Session 24 of the US Open—the semifinal match at 2 p.m. ET between Alexander Zverev and Karen Khachanov—dropped as low as $28, down from about $300 at the start of the main draw two weeks ago, according to TicketData. It's a 91% dip compared to just three days ago.
The price dip is likely due to the lack of star power between the two players, even though Zverev is the tournament's No. 1 seed.
TicketData listed its final pre-match average as $40 two hours before the match; pairs of tickets were available on resale sites for $33 shortly after.
The night session match between Americans Frances Tiafoe and Ben Shelton still has a $300 get-in price. It has dipped by 27% over the last three days—ticket prices often drop on the day of the event—but it's still above the tournament average of $296 at the start of the main draw on Aug. 30.
#session
2 months ago
After 99 days, No. 99 and one of MLB's biggest stars is back in action.
The Yankees have activated three-time American League Most Valuable Player and star outfielder Aaron Judge from the 60-day disabled list. Judge has been out of action with a fractured rib since early June, and his return brings back one of MLB's foremost fan attractions.
Already, ticket prices are quickly rising on the resale market for Judge's first game back, which will be Tuesday night at home against the Rockies. As of Tuesday morning, the average get-in price for the game was $87, more than twice the comparable level from Saturday and far higher than what a midweek game against a lowly Colorado team would normally fetch.
Anticipation is quickly rising for Judge's return after the longest injury of his storied career. Judge last played on May 31, and was placed on the injured list five days later. Judge is returning to major league play without any type of minor-league rehabilitation ****** ignment.
Notably, that Yankees-Rockies game previously saw a wild rise and fall in resale pricing, unrelated to Judge and his injury. The contest is also on the Yankees' promotion calendar, with the first 40,000 fans receiving a trading card from the Naruto manga series. Initial hype around that giveaway among manga fans briefly drove resale pricing for the game beyond $250 per ticket in early August. After the card design was revealed and the giveaway was expanded beyond an initial 18,000, demand plummeted.
#game #league #resale #tuesday
The Yankees have activated three-time American League Most Valuable Player and star outfielder Aaron Judge from the 60-day disabled list. Judge has been out of action with a fractured rib since early June, and his return brings back one of MLB's foremost fan attractions.
Already, ticket prices are quickly rising on the resale market for Judge's first game back, which will be Tuesday night at home against the Rockies. As of Tuesday morning, the average get-in price for the game was $87, more than twice the comparable level from Saturday and far higher than what a midweek game against a lowly Colorado team would normally fetch.
Anticipation is quickly rising for Judge's return after the longest injury of his storied career. Judge last played on May 31, and was placed on the injured list five days later. Judge is returning to major league play without any type of minor-league rehabilitation ****** ignment.
Notably, that Yankees-Rockies game previously saw a wild rise and fall in resale pricing, unrelated to Judge and his injury. The contest is also on the Yankees' promotion calendar, with the first 40,000 fans receiving a trading card from the Naruto manga series. Initial hype around that giveaway among manga fans briefly drove resale pricing for the game beyond $250 per ticket in early August. After the card design was revealed and the giveaway was expanded beyond an initial 18,000, demand plummeted.
#game #league #resale #tuesday
2 months ago
CANTON — Tom Benson Hall of Fame Stadium will host three games as part of the National High School Football Council Classic on Sept. 4 and 5.
Each of the six teams participating have a Pro Football Hall of Famer as alumni.
Canton McKinley faces Sandusky on Friday, Sept. 4 at 7 p.m. Saturday, Sept. 5 features two games: St. Francis Preparatory (NY) vs. Stow at 3, followed by GlenOak vs. Cleveland Heights at 7.
Watch Ohio High School Football Live on NFHS Network all year
Presale tickets are $12 for adults and $5 for students. All tickets at the gate are $15. A ticket purchased for Saturday is good for both Saturday games.
#Football #sept #high
Each of the six teams participating have a Pro Football Hall of Famer as alumni.
Canton McKinley faces Sandusky on Friday, Sept. 4 at 7 p.m. Saturday, Sept. 5 features two games: St. Francis Preparatory (NY) vs. Stow at 3, followed by GlenOak vs. Cleveland Heights at 7.
Watch Ohio High School Football Live on NFHS Network all year
Presale tickets are $12 for adults and $5 for students. All tickets at the gate are $15. A ticket purchased for Saturday is good for both Saturday games.
#Football #sept #high
2 months ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Why we like it: The Capital One Savor Cash Rewards Credit Card is our overall pick for entertainment because of its flexibility. It earns a solid 3% cash back on entertainment purchases with no limit to the rewards you can earn, and features a far-reaching entertainment category. That includes everything from sporting events, concerts, and live theater to movie theaters, tourist attractions, and more. In addition to rewards on entertainment when you go out, you'll earn the same unlimited 3% on popular streaming services, like Netflix, Hulu, Disney+, and more.
You can also use Capital One Entertainment and earn a boosted 8% cash back on purchases through the portal. Capital One Entertainment can help you gain access to exclusive events, VIP packages, seats just for cardholders, presales, on-site perks at eligible venues, and more.
Read our full review of the Capital One Savor Cash Rewards Credit Card.
Why we like it: If you prefer nights in over going out, the Blue Cash Preferred from American Express may be your top choice for saving on entertainment. It offers an unlimited 6% cash back on select streaming services. Eligible services include Apple TV+, Apple Music, Disney+, ESPN+, HBO Max, Hulu, Netflix, MLB.TV, Paramount+, Peacock, SiriusXM, Spotify, YouTube Premium, YouTube TV, and more. Plus, you'll save even more on Disney streaming with up to $120 in annual statement credits ($10 per month; subject to auto-renewal) toward a subscription or bundle on DisneyPlus.com, Hulu.com, or Stream.ESPN.com.
#capital #disney #like #Streaming
Why we like it: The Capital One Savor Cash Rewards Credit Card is our overall pick for entertainment because of its flexibility. It earns a solid 3% cash back on entertainment purchases with no limit to the rewards you can earn, and features a far-reaching entertainment category. That includes everything from sporting events, concerts, and live theater to movie theaters, tourist attractions, and more. In addition to rewards on entertainment when you go out, you'll earn the same unlimited 3% on popular streaming services, like Netflix, Hulu, Disney+, and more.
You can also use Capital One Entertainment and earn a boosted 8% cash back on purchases through the portal. Capital One Entertainment can help you gain access to exclusive events, VIP packages, seats just for cardholders, presales, on-site perks at eligible venues, and more.
Read our full review of the Capital One Savor Cash Rewards Credit Card.
Why we like it: If you prefer nights in over going out, the Blue Cash Preferred from American Express may be your top choice for saving on entertainment. It offers an unlimited 6% cash back on select streaming services. Eligible services include Apple TV+, Apple Music, Disney+, ESPN+, HBO Max, Hulu, Netflix, MLB.TV, Paramount+, Peacock, SiriusXM, Spotify, YouTube Premium, YouTube TV, and more. Plus, you'll save even more on Disney streaming with up to $120 in annual statement credits ($10 per month; subject to auto-renewal) toward a subscription or bundle on DisneyPlus.com, Hulu.com, or Stream.ESPN.com.
#capital #disney #like #Streaming
2 months ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Why we like it: The Capital One Savor Cash Rewards Credit Card is our overall pick for entertainment because of its flexibility. It earns a solid 3% cash back on entertainment purchases with no limit to the rewards you can earn, and features a far-reaching entertainment category. That includes everything from sporting events, concerts, and live theater to movie theaters, tourist attractions, and more. In addition to rewards on entertainment when you go out, you'll earn the same unlimited 3% on popular streaming services, like Netflix, Hulu, Disney+, and more.
You can also use Capital One Entertainment and earn a boosted 8% cash back on purchases through the portal. Capital One Entertainment can help you gain access to exclusive events, VIP packages, seats just for cardholders, presales, on-site perks at eligible venues, and more.
Read our full review of the Capital One Savor Cash Rewards Credit Card.
Why we like it: If you prefer nights in over going out, the Blue Cash Preferred from American Express may be your top choice for saving on entertainment. It offers an unlimited 6% cash back on select streaming services. Eligible services include Apple TV+, Apple Music, Disney+, ESPN+, HBO Max, Hulu, Netflix, MLB.TV, Paramount+, Peacock, SiriusXM, Spotify, YouTube Premium, YouTube TV, and more. Plus, you'll save even more on Disney streaming with up to $120 in annual statement credits ($10 per month; subject to auto-renewal) toward a subscription or bundle on DisneyPlus.com, Hulu.com, or Stream.ESPN.com.
#cash #disney #like
Why we like it: The Capital One Savor Cash Rewards Credit Card is our overall pick for entertainment because of its flexibility. It earns a solid 3% cash back on entertainment purchases with no limit to the rewards you can earn, and features a far-reaching entertainment category. That includes everything from sporting events, concerts, and live theater to movie theaters, tourist attractions, and more. In addition to rewards on entertainment when you go out, you'll earn the same unlimited 3% on popular streaming services, like Netflix, Hulu, Disney+, and more.
You can also use Capital One Entertainment and earn a boosted 8% cash back on purchases through the portal. Capital One Entertainment can help you gain access to exclusive events, VIP packages, seats just for cardholders, presales, on-site perks at eligible venues, and more.
Read our full review of the Capital One Savor Cash Rewards Credit Card.
Why we like it: If you prefer nights in over going out, the Blue Cash Preferred from American Express may be your top choice for saving on entertainment. It offers an unlimited 6% cash back on select streaming services. Eligible services include Apple TV+, Apple Music, Disney+, ESPN+, HBO Max, Hulu, Netflix, MLB.TV, Paramount+, Peacock, SiriusXM, Spotify, YouTube Premium, YouTube TV, and more. Plus, you'll save even more on Disney streaming with up to $120 in annual statement credits ($10 per month; subject to auto-renewal) toward a subscription or bundle on DisneyPlus.com, Hulu.com, or Stream.ESPN.com.
#cash #disney #like
2 months ago
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There hasn't been this much buzz about ticket charges since the Department of Justice settled its long-running antitrust case against Live Nation, the owner of Ticketmaster.
But this isn't about concerts and the gargantuan markups on the resale marketplace. And the story is much bigger than almost anything else in ***** et management and financial advice this year: Vanguard is buying the fintech-powered RIA custodian Altruist. From an ETF angle, the deal could affect the platform fees that issuers pay other custodians — or decline to, which can limit their distribution.
"The RIA platforms / custodians could not have been happy to hear of the Vanguard / Altruist arrangement," said Neil Bathon, managing partner of Fuse Research Network, noting that the deal stands to boost distribution of Vanguard ETFs via its model portfolios. "It is only natural to ***** ume that Vanguard's core positioning as the industry's most efficient operator will reflect itself in downward pressure on platform fees."
Sign up for The Daily Upside at no cost for premium ***** ysis on all your favorite stocks.
#daily #deal
There hasn't been this much buzz about ticket charges since the Department of Justice settled its long-running antitrust case against Live Nation, the owner of Ticketmaster.
But this isn't about concerts and the gargantuan markups on the resale marketplace. And the story is much bigger than almost anything else in ***** et management and financial advice this year: Vanguard is buying the fintech-powered RIA custodian Altruist. From an ETF angle, the deal could affect the platform fees that issuers pay other custodians — or decline to, which can limit their distribution.
"The RIA platforms / custodians could not have been happy to hear of the Vanguard / Altruist arrangement," said Neil Bathon, managing partner of Fuse Research Network, noting that the deal stands to boost distribution of Vanguard ETFs via its model portfolios. "It is only natural to ***** ume that Vanguard's core positioning as the industry's most efficient operator will reflect itself in downward pressure on platform fees."
Sign up for The Daily Upside at no cost for premium ***** ysis on all your favorite stocks.
#daily #deal
2 months ago
Lazio are still reportedly trying to sign young Leicester City striker Lorenz Hutchinson in a transfer saga that could go down to the wire.
The 18-year-old is widely considered one of the Foxes' most promising young talents, having netted 27 goals in his 38 appearances for the U18 side, plus four goals in 18 outings with the U21 team. He also has an international goal from his three caps with England U19. But with his contract expiring in June 2027, the teenager is facing an uncertain future.
Over the past few weeks, Hutchinson has been repeatedly linked to Lazio, who are looking to bolster their squad with an exciting young centre-forward. And although we're less than 36 hours away from the transfer deadline, the move could still materialise.
According to British football journalist Ben Jacobs, Lazio have submitted a 'final' bid for the English-Jamaican player, offering Leicester a transfer fee of £1 million in addition to a sell-on clause in case of a future resale.
The source believes the 2015/16 Premier League champions are satisfied with the offer, but the two clubs still have some details to sort out before reaching the finish line. Il Messaggero also mentions Hutchinson as one of the young players Lazio are tracking.
#young #hutchinson #transfer #city
The 18-year-old is widely considered one of the Foxes' most promising young talents, having netted 27 goals in his 38 appearances for the U18 side, plus four goals in 18 outings with the U21 team. He also has an international goal from his three caps with England U19. But with his contract expiring in June 2027, the teenager is facing an uncertain future.
Over the past few weeks, Hutchinson has been repeatedly linked to Lazio, who are looking to bolster their squad with an exciting young centre-forward. And although we're less than 36 hours away from the transfer deadline, the move could still materialise.
According to British football journalist Ben Jacobs, Lazio have submitted a 'final' bid for the English-Jamaican player, offering Leicester a transfer fee of £1 million in addition to a sell-on clause in case of a future resale.
The source believes the 2015/16 Premier League champions are satisfied with the offer, but the two clubs still have some details to sort out before reaching the finish line. Il Messaggero also mentions Hutchinson as one of the young players Lazio are tracking.
#young #hutchinson #transfer #city
2 months ago
It takes a truly exceptional affordability crisis to put Bill Ackman and Zohran Mamdani on the same side of the barricade. Yet this month the billionaire hedge fund manager and New York's democratic socialist mayor found common cause over an unlikely grievance: the cost of getting into the US Open.
Ackman took objection to the cost of a grounds pass listed for $363. Mamdani responded to the broader uproar by securing 1,000 tickets for New York residents at $100 apiece, prompting more than 336,000 people to apply for them. Somewhere between the two sits the uneasy economics of the modern US Open, where a $65 ticket with no guaranteed seat on any court can fetch more than five times that amount on the tournament's resale marketplace.
For generations the US Open has traded on its reputation as the people's slam. Take the 7 train to Queens, buy a grounds pass and spend the day milling about within a few feet of the world's best tennis players. But as the final major of the season begins in earnest on Sunday, that democratic ideal has been confronted with a basic problem: more and more of the people are being priced out.
"The US Open is owned by the USTA which is a non-profit," Ackman wrote on social media. "The idea that a day one ground pass is $363 is absurd. The USTA's mission is to promote the sport of tennis. How is a $363 ground pass consistent with this mission?"
Related: Novak Djokovic feels 'as best as I can be' before tilt at 25th grand slam ***** le in New York
#open #pass #mamdani #democratic
Ackman took objection to the cost of a grounds pass listed for $363. Mamdani responded to the broader uproar by securing 1,000 tickets for New York residents at $100 apiece, prompting more than 336,000 people to apply for them. Somewhere between the two sits the uneasy economics of the modern US Open, where a $65 ticket with no guaranteed seat on any court can fetch more than five times that amount on the tournament's resale marketplace.
For generations the US Open has traded on its reputation as the people's slam. Take the 7 train to Queens, buy a grounds pass and spend the day milling about within a few feet of the world's best tennis players. But as the final major of the season begins in earnest on Sunday, that democratic ideal has been confronted with a basic problem: more and more of the people are being priced out.
"The US Open is owned by the USTA which is a non-profit," Ackman wrote on social media. "The idea that a day one ground pass is $363 is absurd. The USTA's mission is to promote the sport of tennis. How is a $363 ground pass consistent with this mission?"
Related: Novak Djokovic feels 'as best as I can be' before tilt at 25th grand slam ***** le in New York
#open #pass #mamdani #democratic
2 months ago
NEW YORK — A little after midday Friday, Zheng Qinwen, who has felt the weight of an Olympic gold medal around her neck and a Grand Slam final on her shoulders, collapsed on the green acrylic of Stadium 17 at the U.S. Open and roared with delight.
In a match held over from Thursday's thunderstorms at Flushing Meadows, the 2024 Paris Olympic champion defeated Russia's Elena Pridankina 6-4, 3-6, 6-0. The win, her third of the week, sent Zheng into the main draw of the year's fourth Grand Slam.
That's territory Zheng, the 23-year-old from China, seemed able to take for granted in the afterglow of her Olympic glory, which followed a run to the 2024 Australian Open final. Then came a persistent right elbow injury. Surgery. Rehab. Comebacks that turned right back into layoffs. A tumble down the rankings to world No. 121. Early-round defeats that left her struggling to see how she would find her way back.
In New York, it all came out.
Scenes of joy, despair, triumph and disaster played out across the Billie Jean King National Tennis Center on the final day of a part of the tournament that occupies a curious place in its wider context. Qualifying is the backbone of what the U.S. Open has labeled "Fan Week." It's free to attend. It's a fun and accessible way to see elite tennis, especially in a year with surging resale ticket prices for the main event.
#zheng #york
In a match held over from Thursday's thunderstorms at Flushing Meadows, the 2024 Paris Olympic champion defeated Russia's Elena Pridankina 6-4, 3-6, 6-0. The win, her third of the week, sent Zheng into the main draw of the year's fourth Grand Slam.
That's territory Zheng, the 23-year-old from China, seemed able to take for granted in the afterglow of her Olympic glory, which followed a run to the 2024 Australian Open final. Then came a persistent right elbow injury. Surgery. Rehab. Comebacks that turned right back into layoffs. A tumble down the rankings to world No. 121. Early-round defeats that left her struggling to see how she would find her way back.
In New York, it all came out.
Scenes of joy, despair, triumph and disaster played out across the Billie Jean King National Tennis Center on the final day of a part of the tournament that occupies a curious place in its wider context. Qualifying is the backbone of what the U.S. Open has labeled "Fan Week." It's free to attend. It's a fun and accessible way to see elite tennis, especially in a year with surging resale ticket prices for the main event.
#zheng #york
2 months ago
Interested in Liquidity Services, Inc.? Here are five stocks we like better.
Liquidity Services is targeting $2 billion in GMV and $100 million in EBITDA, supported by expected mid-teens revenue growth, EBITDA margins of at least 20% of net revenue, and operating leverage from its existing technology platform.
GovDeals and Machinio are key expansion drivers. GovDeals is growing in government ******* et sales and has reached about 20% of the Canadian market, while Machinio serves roughly 4,000 recurring-revenue equipment dealers and plans to add payment and transaction-settlement capabilities.
The company is broadening its marketplace beyond traditional surplus goods through high-value real estate sales and the Retail Rush resale platform. Liquidity Services remains debt-free with more than $200 million in cash and is prioritizing acquisitions and share repurchases over dividends.
Liquidity Services (NASDAQ:LQDT) is positioning its marketplace platform as a scaled, technology-enabled channel for corporate and government sellers to monetize surplus ******* ets, returned merchandise, used equipment and other property, according to Chairman and CEO Bill Angrick.
#Services #ebitda #machinio
Liquidity Services is targeting $2 billion in GMV and $100 million in EBITDA, supported by expected mid-teens revenue growth, EBITDA margins of at least 20% of net revenue, and operating leverage from its existing technology platform.
GovDeals and Machinio are key expansion drivers. GovDeals is growing in government ******* et sales and has reached about 20% of the Canadian market, while Machinio serves roughly 4,000 recurring-revenue equipment dealers and plans to add payment and transaction-settlement capabilities.
The company is broadening its marketplace beyond traditional surplus goods through high-value real estate sales and the Retail Rush resale platform. Liquidity Services remains debt-free with more than $200 million in cash and is prioritizing acquisitions and share repurchases over dividends.
Liquidity Services (NASDAQ:LQDT) is positioning its marketplace platform as a scaled, technology-enabled channel for corporate and government sellers to monetize surplus ******* ets, returned merchandise, used equipment and other property, according to Chairman and CEO Bill Angrick.
#Services #ebitda #machinio
2 months ago
Our ******* ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Achieved record second-quarter performance driven by exceptionally strong freight markets resulting from heightened geopolitical tensions in the Middle East and global trade flow disruptions.
Leveraged the 'One TORM' integrated operating model to optimize fleet deployment and capture market opportunities, resulting in MR fleet earnings that outperformed the peer average by over USD 200 million from 2023-2025.
Shifted fleet renewal strategy toward newbuildings and resales as secondhand vessel prices increased, securing a phased delivery pipeline from 2027 through 2029 to maintain a modern fleet profile.
Capitalized on significant market inefficiencies, such as the closure of the Strait of Hormuz, which increased voyage distances and reduced effective fleet availability despite lower overall oil volumes.
#market #increased #east #leveraged
Achieved record second-quarter performance driven by exceptionally strong freight markets resulting from heightened geopolitical tensions in the Middle East and global trade flow disruptions.
Leveraged the 'One TORM' integrated operating model to optimize fleet deployment and capture market opportunities, resulting in MR fleet earnings that outperformed the peer average by over USD 200 million from 2023-2025.
Shifted fleet renewal strategy toward newbuildings and resales as secondhand vessel prices increased, securing a phased delivery pipeline from 2027 through 2029 to maintain a modern fleet profile.
Capitalized on significant market inefficiencies, such as the closure of the Strait of Hormuz, which increased voyage distances and reduced effective fleet availability despite lower overall oil volumes.
#market #increased #east #leveraged
2 months ago
On August 20, ATRenew (NYSE:RERE) reported second-quarter results that beat the high end of its own guidance, with revenue climbing 32.4% year over year to RMB 6.6 billion. Net income jumped 78.6% to RMB 129.1 million, and the company kept buying back shares even as it pushed into new markets overseas. For a business built on other people's used phones, that pairing of faster growth and faster profit is the number worth sitting with.
The engine behind that growth is ATRenew's 1P model, where the company buys, refurbishes, and resells devices itself rather than just running a marketplace. Net product revenue rose 35.9% to RMB 6.2 billion, and the company moved 11.6 million consumer products during the quarter, up from 10.3 million a year earlier. Owning more of that chain is also making each device more profitable. Gross margin on the 1P business rose to 15.7% from 13.2% a year ago, and 1P-to-C retail revenue, the curated resale of phones and computers, grew 92.4% and now makes up 48.8% of product revenue, up from 34.4% last year. Revenue from refurbished products alone grew 87.8%.
All of that flowed to the bottom line: non-GAAP operating income rose 70.1% to RMB 206.3 million, with margin expanding 69 basis points to 3.1%. Newer categories are following the same pattern. Luxury recycling revenue grew 77.3% after the company upgraded select stores into specialized formats, and its B2B marketplace, PJT, grew its registered merchant base to 2.2 million while lifting inspection penetration to 84.4%, up 11.5 percentage points from a year ago. Overseas, the company crossed HKD 120 million in monthly export sales in June and is now building out its FoneSquare and ReRe brands toward hubs in Hong Kong, Dubai, and Miami.
Not every part of the business is pulling in the same direction. Net service revenue fell 4.2% to RMB 414.6 million, a decline the company tied to discretionary discounts handed to merchants during its extended June 18 promotional push. Gold recycling revenue fell even harder, down 35%, as gold prices swung lower and the company chose to pass higher payouts to users rather than protect its own take. Costs are climbing too. Fulfillment expenses rose 31.1% to RMB 540 million as the company staffed up its to-door recycling teams during peak demand.
Physical footprint is also shrinking at the edges, with the company trimming its AHS store count to 2,117 locations by closing underperforming sites. And management flagged a timing risk heading into the back half of the year, noting that expectations around Apple's next iPhone lineup could push device volume into the fourth quarter and early next year rather than this one. Guidance itself points to a slower pace ahead. ATRenew expects third-quarter revenue of RMB 6.3 billion to RMB 6.4 billion, growth of 23.1% to 25.1%, a clear step down from the 32.4% posted this quarter.
#billion #business
The engine behind that growth is ATRenew's 1P model, where the company buys, refurbishes, and resells devices itself rather than just running a marketplace. Net product revenue rose 35.9% to RMB 6.2 billion, and the company moved 11.6 million consumer products during the quarter, up from 10.3 million a year earlier. Owning more of that chain is also making each device more profitable. Gross margin on the 1P business rose to 15.7% from 13.2% a year ago, and 1P-to-C retail revenue, the curated resale of phones and computers, grew 92.4% and now makes up 48.8% of product revenue, up from 34.4% last year. Revenue from refurbished products alone grew 87.8%.
All of that flowed to the bottom line: non-GAAP operating income rose 70.1% to RMB 206.3 million, with margin expanding 69 basis points to 3.1%. Newer categories are following the same pattern. Luxury recycling revenue grew 77.3% after the company upgraded select stores into specialized formats, and its B2B marketplace, PJT, grew its registered merchant base to 2.2 million while lifting inspection penetration to 84.4%, up 11.5 percentage points from a year ago. Overseas, the company crossed HKD 120 million in monthly export sales in June and is now building out its FoneSquare and ReRe brands toward hubs in Hong Kong, Dubai, and Miami.
Not every part of the business is pulling in the same direction. Net service revenue fell 4.2% to RMB 414.6 million, a decline the company tied to discretionary discounts handed to merchants during its extended June 18 promotional push. Gold recycling revenue fell even harder, down 35%, as gold prices swung lower and the company chose to pass higher payouts to users rather than protect its own take. Costs are climbing too. Fulfillment expenses rose 31.1% to RMB 540 million as the company staffed up its to-door recycling teams during peak demand.
Physical footprint is also shrinking at the edges, with the company trimming its AHS store count to 2,117 locations by closing underperforming sites. And management flagged a timing risk heading into the back half of the year, noting that expectations around Apple's next iPhone lineup could push device volume into the fourth quarter and early next year rather than this one. Guidance itself points to a slower pace ahead. ATRenew expects third-quarter revenue of RMB 6.3 billion to RMB 6.4 billion, growth of 23.1% to 25.1%, a clear step down from the 32.4% posted this quarter.
#billion #business
2 months ago
Wisdom Mike's transfer from Bayern Munich to Club Brugge is complete per a report from Sky Germany journalist Kerry Hau.
According to Hau, the 17-year-old has successfully completed his medical examination and signed his contract with the Belgian club, bringing an end to the latest chapter of his development at Bayern Munich. It should be noted that Bayern Munich has not formally announced the move as of yet. If the report is on-point, it would not be shocking to be Bayern Munich make the announcement on Thursday.
The deal will see Bayern Munich receive a guaranteed €5 million transfer fee, with the potential for the final amount to increase through bonus payments. While Bayern Munich will not have a buy-back option included in the agreement, the club has negotiated a percentage of any future resale involving Mike.
That sell-on clause could prove particularly important if Mike develops into a major player at Club Brugge and eventually earns another high-profile transfer.
Mike has been regarded as one of the more promising young talents in Bayern Munich's youth system, but the move to Belgium should provide him with an opportunity to take the next major step in his development. At Club Brugge, he will have the chance to compete for regular first-team minutes and gain valuable experience in a competitive European league.
#club
According to Hau, the 17-year-old has successfully completed his medical examination and signed his contract with the Belgian club, bringing an end to the latest chapter of his development at Bayern Munich. It should be noted that Bayern Munich has not formally announced the move as of yet. If the report is on-point, it would not be shocking to be Bayern Munich make the announcement on Thursday.
The deal will see Bayern Munich receive a guaranteed €5 million transfer fee, with the potential for the final amount to increase through bonus payments. While Bayern Munich will not have a buy-back option included in the agreement, the club has negotiated a percentage of any future resale involving Mike.
That sell-on clause could prove particularly important if Mike develops into a major player at Club Brugge and eventually earns another high-profile transfer.
Mike has been regarded as one of the more promising young talents in Bayern Munich's youth system, but the move to Belgium should provide him with an opportunity to take the next major step in his development. At Club Brugge, he will have the chance to compete for regular first-team minutes and gain valuable experience in a competitive European league.
#club
2 months ago
The SEC just formally proposed Regulation Crypto ******* ets, a new offering framework that would let crypto projects raise up to $5M through a one-time startup exemption or up to $75M annually through a tiered fundraising exemption.
The exemptions: The startup lane allows $5M over four years with no accredited-investor requirement or per-investor cap. The fundraising lane allows $75M every 12 months, split into a $20M Tier 1 and $75M Tier 2, with Tier 2 issuers needing audited financials and ongoing reporting, and non-accredited buyers capped at 10% of income or net worth. Tokens sold under either lane wouldn't carry a rule-based resale lockup.
The safe harbor: Once a team finishes, or permanently drops, the managerial work it promised, its token can shed "investment contract" status for good—a formalized version of the concept the SEC's March interpretive guidance first floated. The rule would also preempt state-level securities registration for these offerings and certain secondary trades.
What's missing: The SEC's separate "innovation exemption," expected to let firms tokenize actual securities like stocks and trade them onchain, wasn't part of Tuesday's release. The agency explicitly said it isn't touching registered-offering rules for "digital securities" this round, so tokenized equities on public blockchains remain unaddressed.
Why the delay: CoinDesk reported the tokenization piece had been expected to land alongside the fundraising rule before the SEC abruptly pulled an Aug. 14 meeting. The holdup has been tied to White House concerns about muddying live CLARITY Act talks, internal questions over the SEC's own statutory authority, and Wall Street's SIFMA objecting to using exemptive relief for market-structure changes.
#lane #rule #Crypto
The exemptions: The startup lane allows $5M over four years with no accredited-investor requirement or per-investor cap. The fundraising lane allows $75M every 12 months, split into a $20M Tier 1 and $75M Tier 2, with Tier 2 issuers needing audited financials and ongoing reporting, and non-accredited buyers capped at 10% of income or net worth. Tokens sold under either lane wouldn't carry a rule-based resale lockup.
The safe harbor: Once a team finishes, or permanently drops, the managerial work it promised, its token can shed "investment contract" status for good—a formalized version of the concept the SEC's March interpretive guidance first floated. The rule would also preempt state-level securities registration for these offerings and certain secondary trades.
What's missing: The SEC's separate "innovation exemption," expected to let firms tokenize actual securities like stocks and trade them onchain, wasn't part of Tuesday's release. The agency explicitly said it isn't touching registered-offering rules for "digital securities" this round, so tokenized equities on public blockchains remain unaddressed.
Why the delay: CoinDesk reported the tokenization piece had been expected to land alongside the fundraising rule before the SEC abruptly pulled an Aug. 14 meeting. The holdup has been tied to White House concerns about muddying live CLARITY Act talks, internal questions over the SEC's own statutory authority, and Wall Street's SIFMA objecting to using exemptive relief for market-structure changes.
#lane #rule #Crypto
2 months ago
US Open ticket prices remain steep, with the main draw nearly a week away.
The average get-in ticket price to enter the Billie Jean King National Tennis Center for the 2026 US Open main draw is $288 on the secondary market, about 13% more than at the same point last year ($255), according to TicketData.
The average get-in price for the women's singles final (Saturday, Sept. 12) and men's singles final (Sunday, Sept. 13) at Arthur Ashe Stadium is $510—also up 13% from last year.
One-day grounds pass tickets started for around $65–$135 at face value, depending on the date and time. Resale prices are much higher, but vary widely, with weeknight tickets the most affordable; the cheapest ticket for any main draw event is $157, for the night session at Arthur Ashe on Wednesday, Sept. 2.
The pricey tickets have persisted since the first batch of face-value tickets were released through the American Express presale in May. Many were scooped up by bots, contributing to the price hikes.
#arthur
The average get-in ticket price to enter the Billie Jean King National Tennis Center for the 2026 US Open main draw is $288 on the secondary market, about 13% more than at the same point last year ($255), according to TicketData.
The average get-in price for the women's singles final (Saturday, Sept. 12) and men's singles final (Sunday, Sept. 13) at Arthur Ashe Stadium is $510—also up 13% from last year.
One-day grounds pass tickets started for around $65–$135 at face value, depending on the date and time. Resale prices are much higher, but vary widely, with weeknight tickets the most affordable; the cheapest ticket for any main draw event is $157, for the night session at Arthur Ashe on Wednesday, Sept. 2.
The pricey tickets have persisted since the first batch of face-value tickets were released through the American Express presale in May. Many were scooped up by bots, contributing to the price hikes.
#arthur
2 months ago
Lazio have reportedly secured the services of Croatian defender Josip Sutalo after reaching a full accord with Ajax.
This has been an eventful day for the Biancocelesti, who were supposed to complete the signing of Senegalese striker Bamba Dieng on a free transfer, but the deal has been called off due to a failed medical. But while Claudio Lotito and Angelo Fabiani are back to square one on the attacking front, they have apparently solved their defensive dilemma.
According to multiple sources in the Italian media, including Gianluca Di Marzio, Fabrizio Romano, and Damiano Er Faina, Lazio and Ajax have reached a final agreement on Sutalo's transfer. The 26-year-old will join the Italian capital side on an initial loan for €3 million with an option to buy set at €7.5 million, while the Amsterdam-based giants would receive a 10% cut in case of a future resale.
Sutalo is a Dynamo Zagreb youth product who climbed his way up the ranks to become a stalwart for both club and country. In 2023, he earned a €20 million move to Ajax and went on to make 108 appearances for the Dutch club.
The Croatian international will join a centre-back department that includes Oliver Provstgaard and fellow new signing Danilho Doekhi, while Alessio Romagnoli's fate remains undecided, and Patric and Samuel Gigot are dealing with career-threatening long-term injuries.
#ajax #million
This has been an eventful day for the Biancocelesti, who were supposed to complete the signing of Senegalese striker Bamba Dieng on a free transfer, but the deal has been called off due to a failed medical. But while Claudio Lotito and Angelo Fabiani are back to square one on the attacking front, they have apparently solved their defensive dilemma.
According to multiple sources in the Italian media, including Gianluca Di Marzio, Fabrizio Romano, and Damiano Er Faina, Lazio and Ajax have reached a final agreement on Sutalo's transfer. The 26-year-old will join the Italian capital side on an initial loan for €3 million with an option to buy set at €7.5 million, while the Amsterdam-based giants would receive a 10% cut in case of a future resale.
Sutalo is a Dynamo Zagreb youth product who climbed his way up the ranks to become a stalwart for both club and country. In 2023, he earned a €20 million move to Ajax and went on to make 108 appearances for the Dutch club.
The Croatian international will join a centre-back department that includes Oliver Provstgaard and fellow new signing Danilho Doekhi, while Alessio Romagnoli's fate remains undecided, and Patric and Samuel Gigot are dealing with career-threatening long-term injuries.
#ajax #million
2 months ago
Serie A side Roma have been pushing for the signature of Porto's Rodrigo Mora. While there were some issues in the deal across the week, the move is back on track.
La Gazzetta dello Sport offer background into the deal, stating that Roma's first offer was initially accepted by Porto. Gian Piero Gasperini's side put forward €8 million loan with a €42 million option to buy, subject to two conditions – Champions League qualification and a 60% participation for Mora.
Soon, Porto changed their mind and wanted a higher fee upfront and a better guarantee of the permanent deal. This demand left Roma rattled but they have now come back to the table again.
A counter-offer arrived after deliberation from the Friedkins. Roma have now offered €25 million for the permanent purchase plus a 50% interest in the future resale, which can be removed if Roma pay an additional €20 million.
This was mainly because Jorge Mendes organised a meeting between the parties today. Now, Mora's family and entourage is pushing for a move to Roma and the Portuguese side could give the green light to the move later today.
#roma #side #deal #back
La Gazzetta dello Sport offer background into the deal, stating that Roma's first offer was initially accepted by Porto. Gian Piero Gasperini's side put forward €8 million loan with a €42 million option to buy, subject to two conditions – Champions League qualification and a 60% participation for Mora.
Soon, Porto changed their mind and wanted a higher fee upfront and a better guarantee of the permanent deal. This demand left Roma rattled but they have now come back to the table again.
A counter-offer arrived after deliberation from the Friedkins. Roma have now offered €25 million for the permanent purchase plus a 50% interest in the future resale, which can be removed if Roma pay an additional €20 million.
This was mainly because Jorge Mendes organised a meeting between the parties today. Now, Mora's family and entourage is pushing for a move to Roma and the Portuguese side could give the green light to the move later today.
#roma #side #deal #back
3 months ago
Fewer cargo theft reports did not mean smaller losses during the second quarter, according to Verisk CargoNet's ******* ysis. The intelligence network documented 677 incidents across the United States and Canada. That total fell 26% from Q2 2025. It also dropped 14% from the previous quarter.
Estimated cargo losses nevertheless climbed to $304.6 million during the three-month period. That figure more than doubled the $135.7 million reported during Q2 2025. The average reported commodity value reached $564,009. Several multimillion-dollar thefts involving metals and enterprise technology heavily influenced that average.
"Lower incident volume should not be mistaken for lower risk," Keith Lewis, Verisk CargoNet's vice president of operations, said. "The groups driving the largest losses are not necessarily trying to steal more freight; they are trying to identify the right shipment." Lewis pointed to metals and enterprise technology as areas attracting organized theft groups. Those shipments can offer major value and established resale opportunities.
Scott Cornell, EVP, Crime and Theft Specialist at SPG Cargo & Logistics and chair of TAPA Americas, discussed the results during a recent FreightWaves interview. He described the decrease as welcome news after years when theft activity stayed elevated. Cornell also urged the industry to avoid treating one quarter as proof of a broader shift. "It's not going to be a trend until we see it for maybe two or three quarters consecutively," Cornell said.
Cornell noted that cargo theft numbers have historically moved up and down. He said recent law-enforcement arrests could be contributing to the quarterly decrease. Those efforts included operations in New York, New Jersey, California and Canada, along with FBI and Homeland Security cases. Cornell called the results from law enforcement and private-sector cooperation encouraging.
#theft #lower
Estimated cargo losses nevertheless climbed to $304.6 million during the three-month period. That figure more than doubled the $135.7 million reported during Q2 2025. The average reported commodity value reached $564,009. Several multimillion-dollar thefts involving metals and enterprise technology heavily influenced that average.
"Lower incident volume should not be mistaken for lower risk," Keith Lewis, Verisk CargoNet's vice president of operations, said. "The groups driving the largest losses are not necessarily trying to steal more freight; they are trying to identify the right shipment." Lewis pointed to metals and enterprise technology as areas attracting organized theft groups. Those shipments can offer major value and established resale opportunities.
Scott Cornell, EVP, Crime and Theft Specialist at SPG Cargo & Logistics and chair of TAPA Americas, discussed the results during a recent FreightWaves interview. He described the decrease as welcome news after years when theft activity stayed elevated. Cornell also urged the industry to avoid treating one quarter as proof of a broader shift. "It's not going to be a trend until we see it for maybe two or three quarters consecutively," Cornell said.
Cornell noted that cargo theft numbers have historically moved up and down. He said recent law-enforcement arrests could be contributing to the quarterly decrease. Those efforts included operations in New York, New Jersey, California and Canada, along with FBI and Homeland Security cases. Cornell called the results from law enforcement and private-sector cooperation encouraging.
#theft #lower
3 months ago
Inter Milan are doing what smart clubs do. They have identified a player with quality, versatility and resale value, then moved when the contract situation gives them leverage. According to Caught Offside, the Italian champions are stepping up their pursuit of Curtis Jones and believe they can land him for less than Liverpool want.
This is where the numbers matter. Inter are reportedly ready to go to around €35 million, while Liverpool want closer to €40 million. That is not some dramatic gulf. In modern transfer terms, it is a small gap and usually the sort that gets closed by add-ons, structure, or a future sell-on clause.
IMAGO | Anfield Index
The logic is obvious. Jones gives Inter energy, press resistance and the ability to play in multiple midfield roles. If Davide Frattesi leaves, they need someone who can carry the ball and cope with the demands of a top side. Jones fits that profile. He also brings Premier League experience, which carries weight when clubs ****** s whether a player can handle pressure.
Liverpool, for their part, are reluctant to lose an academy graduate, particularly one appreciated by Andoni Iraola. That makes sense too. Homegrown players matter, and Jones has qualities that managers trust. Still, if a player is entering the final year of his deal, sentiment only goes so far. Clubs either renew, sell, or accept diminished control.
#player #want
This is where the numbers matter. Inter are reportedly ready to go to around €35 million, while Liverpool want closer to €40 million. That is not some dramatic gulf. In modern transfer terms, it is a small gap and usually the sort that gets closed by add-ons, structure, or a future sell-on clause.
IMAGO | Anfield Index
The logic is obvious. Jones gives Inter energy, press resistance and the ability to play in multiple midfield roles. If Davide Frattesi leaves, they need someone who can carry the ball and cope with the demands of a top side. Jones fits that profile. He also brings Premier League experience, which carries weight when clubs ****** s whether a player can handle pressure.
Liverpool, for their part, are reluctant to lose an academy graduate, particularly one appreciated by Andoni Iraola. That makes sense too. Homegrown players matter, and Jones has qualities that managers trust. Still, if a player is entering the final year of his deal, sentiment only goes so far. Clubs either renew, sell, or accept diminished control.
#player #want
3 months ago
Most tickets to the 2028 Los Angeles Olympics cost hundreds of dollars, and the most coveted seats at dozens of high-profile events cost more than $1,000, according to fans who won the opportunity to purchase tickets in LA28 presales.
LA28 organizers have not publicly released a full price catalog, but fans have compiled spreadsheets with a complete list of prices for all 800-plus ticketed events. The Athletic, via screenshots and screen recordings, has independently confirmed many of the prices, which range from $28 (for the least desirable seats at lower-profile events) to $5,519 (for a lower-level seat at the opening ceremony).
The prices, across the board, are by far the highest in Olympic history. In many cases, tickets to LA28 are more than twice as expensive as an equivalent ticket at the 2024 Paris Olympics — whose prices sparked controversy in France.
The L.A. organizing committee's justification is similar to the one that guided FIFA's 2026 World Cup approach. "Pricing is rooted in heavy ****** ytics and extensive market demand research around entertainment and live sports in the U.S.," an LA28 spokesperson told The Athletic. In other words, Americans are accustomed to paying a lot for sports tickets.
Beyond the opening and closing ceremonies, the single most expensive sporting event at the 2028 Games is the men's basketball final. The top two ticket categories are reserved entirely for hospitality package buyers, who get courtside seats. A Category C seat — in the lower bowl along the sideline or in a corner — costs $3,350.
#prices #lower
LA28 organizers have not publicly released a full price catalog, but fans have compiled spreadsheets with a complete list of prices for all 800-plus ticketed events. The Athletic, via screenshots and screen recordings, has independently confirmed many of the prices, which range from $28 (for the least desirable seats at lower-profile events) to $5,519 (for a lower-level seat at the opening ceremony).
The prices, across the board, are by far the highest in Olympic history. In many cases, tickets to LA28 are more than twice as expensive as an equivalent ticket at the 2024 Paris Olympics — whose prices sparked controversy in France.
The L.A. organizing committee's justification is similar to the one that guided FIFA's 2026 World Cup approach. "Pricing is rooted in heavy ****** ytics and extensive market demand research around entertainment and live sports in the U.S.," an LA28 spokesperson told The Athletic. In other words, Americans are accustomed to paying a lot for sports tickets.
Beyond the opening and closing ceremonies, the single most expensive sporting event at the 2028 Games is the men's basketball final. The top two ticket categories are reserved entirely for hospitality package buyers, who get courtside seats. A Category C seat — in the lower bowl along the sideline or in a corner — costs $3,350.
#prices #lower
3 months ago
Is FIFA selling the World Cup? What to know about Gianni Infantino investment plan UEFA says 'crosses a line' originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
The 2026 FIFA World Cup was a sensational financial success for FIFA, as the football governing body announced an incredible revenue total of $13 billion for its latest four-year cycle, over a 100% increase from the previous period.
It did not come without controversy. FIFA heavily commercialised its flagship event, vastly increasing ticket prices, introducing a new in-house ticket resale vehicle, and cozying up to the U.S. government throughout the event in North America, all of which sparked significant backlash.
With the 2030 World Cup cycle now under way, FIFA has undertaken the genesis of a new commercial venture, which, on the surface, is set to generate even more cash for the Switzerland-based non-profit.
The investment vehicle, first revealed in reports by Martyn Ziegler of The Times and in the Financial Times and shortly thereafter confirmed by FIFA, has many fans and entities fearful of the direction in which the game of football is heading.
#World #sporting #times
The 2026 FIFA World Cup was a sensational financial success for FIFA, as the football governing body announced an incredible revenue total of $13 billion for its latest four-year cycle, over a 100% increase from the previous period.
It did not come without controversy. FIFA heavily commercialised its flagship event, vastly increasing ticket prices, introducing a new in-house ticket resale vehicle, and cozying up to the U.S. government throughout the event in North America, all of which sparked significant backlash.
With the 2030 World Cup cycle now under way, FIFA has undertaken the genesis of a new commercial venture, which, on the surface, is set to generate even more cash for the Switzerland-based non-profit.
The investment vehicle, first revealed in reports by Martyn Ziegler of The Times and in the Financial Times and shortly thereafter confirmed by FIFA, has many fans and entities fearful of the direction in which the game of football is heading.
#World #sporting #times
3 months ago
Microstrategy has gone four consecutive weeks without buying a single satoshi of Bitcoin, its longest buying freeze in two years, while Michael Saylor keeps posting accumulation charts to X with the caption "We're gonna need another color."
The company sits on $3.225 billion in cash, MSTR is down roughly 33% year-to-date, and Q2 earnings land Thursday after the US market close. The central question for retail investors is blunt: is the BTC dip buy coming today, or is the math still broken?
EXPLORE: Best Crypto Presales With Asymmetric Upside in the Current Market
The mechanics of the freeze are straightforward. SEC filings on Jun. 29, Jul. 6, Jul. 13 and Jul. 20 each recorded no Bitcoin buys made under its standing acquisition programs. The filings covering June 29, July 6, July 13, and July 20 contained the same answer: nothing.
What makes the silence louder is the contrast with Saylor's behavior on X. He posted Strategy's color-coded Bitcoin accumulation chart on Sunday, July 27, under the caption "We're gonna need another color", a reference to how new purchase tranches get ******* igned a distinct color bubble on the chart.
#buying #accumulation
The company sits on $3.225 billion in cash, MSTR is down roughly 33% year-to-date, and Q2 earnings land Thursday after the US market close. The central question for retail investors is blunt: is the BTC dip buy coming today, or is the math still broken?
EXPLORE: Best Crypto Presales With Asymmetric Upside in the Current Market
The mechanics of the freeze are straightforward. SEC filings on Jun. 29, Jul. 6, Jul. 13 and Jul. 20 each recorded no Bitcoin buys made under its standing acquisition programs. The filings covering June 29, July 6, July 13, and July 20 contained the same answer: nothing.
What makes the silence louder is the contrast with Saylor's behavior on X. He posted Strategy's color-coded Bitcoin accumulation chart on Sunday, July 27, under the caption "We're gonna need another color", a reference to how new purchase tranches get ******* igned a distinct color bubble on the chart.
#buying #accumulation
3 months ago
Is FIFA selling the World Cup? What to know about Gianni Infantino investment plan UEFA says 'crosses a line' originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
The 2026 FIFA World Cup was a sensational financial success for FIFA, as the football governing body announced an incredible revenue total of $13 billion for its latest four-year cycle, over a 100% increase from the previous period.
It did not come without controversy. FIFA heavily commercialised its flagship event, vastly increasing ticket prices, introducing a new in-house ticket resale vehicle, and cozying up to the U.S. government throughout the event in North America, all of which sparked significant backlash.
With the 2030 World Cup cycle now under way, FIFA has undertaken the genesis of a new commercial venture, which, on the surface, is set to generate even more cash for the Switzerland-based non-profit.
The investment vehicle, first revealed in reports by Martyn Ziegler of The Times and in the Financial Times and shortly thereafter confirmed by FIFA, has many fans and entities fearful of the direction in which the game of football is heading.
#investment #Event
The 2026 FIFA World Cup was a sensational financial success for FIFA, as the football governing body announced an incredible revenue total of $13 billion for its latest four-year cycle, over a 100% increase from the previous period.
It did not come without controversy. FIFA heavily commercialised its flagship event, vastly increasing ticket prices, introducing a new in-house ticket resale vehicle, and cozying up to the U.S. government throughout the event in North America, all of which sparked significant backlash.
With the 2030 World Cup cycle now under way, FIFA has undertaken the genesis of a new commercial venture, which, on the surface, is set to generate even more cash for the Switzerland-based non-profit.
The investment vehicle, first revealed in reports by Martyn Ziegler of The Times and in the Financial Times and shortly thereafter confirmed by FIFA, has many fans and entities fearful of the direction in which the game of football is heading.
#investment #Event
3 months ago
With a market cap of $60.6 billion, Targa Resources Corp. (TRGP) owns and operates a diversified portfolio of natural gas, natural gas liquids (NGL), and crude oil **** ets across North America. Through its Gathering and Processing and Logistics and Transportation segments, the company provides integrated services spanning production, storage, transportation, marketing, and resale of energy commodities.
The Houston, Texas-based company is set to deliver its fiscal Q2 2026 results soon. Ahead of this event, **** ysts forecast TRGP to report an EPS of $2.64, a decline of 8% from $2.87 in the previous year's quarter. It has exceeded Wall Street's bottom-line estimates in two of the past four quarters while missing on two other occasions.
Huge, Unusual Intel Options Volume Today Ahead of Earnings This Week
Intel Stock Is Down, But Put Premiums are High - Put Short Sellers Love the High Yields
The Number Tesla Stock Bulls Are Really Waiting for This Earnings Season Has Nothing to Do With Cars
#Stock
The Houston, Texas-based company is set to deliver its fiscal Q2 2026 results soon. Ahead of this event, **** ysts forecast TRGP to report an EPS of $2.64, a decline of 8% from $2.87 in the previous year's quarter. It has exceeded Wall Street's bottom-line estimates in two of the past four quarters while missing on two other occasions.
Huge, Unusual Intel Options Volume Today Ahead of Earnings This Week
Intel Stock Is Down, But Put Premiums are High - Put Short Sellers Love the High Yields
The Number Tesla Stock Bulls Are Really Waiting for This Earnings Season Has Nothing to Do With Cars
#Stock
3 months ago
XPeng Inc. (NYSE:XPEV) is one of the 10 Fastest Growing Consumer Stocks to Buy Now.
On July 7, 2026, Autoliv announced that XPeng Inc. (NYSE:XPEV) and Autoliv Management signed a strategic cooperation framework agreement to support the development of safer mobility solutions for global markets. The companies said the partnership reflects their ambition to "strengthen collaboration across markets" and support future mobility development. Under the agreement, Autoliv and XPeng will expand collaboration across technology development, digitalization, supply chain coordination, sustainability, and global business expansion.
On July 1, XPeng announced vehicle delivery results for June and the second quarter of 2026. The company delivered 40,126 vehicles in June, bringing total second-quarter deliveries to 103,295 units. Deliveries of GX reached 6,739 units in June, and the model's 10,000th unit rolled off the production line. XPeng expects to debut the XPeng MONA L03 in China on July 2, with presale starting the same day, followed by a global market launch in July.
Image by Mikes-Photography from Pixabay
On May 29, Macquarie ***** yst Eugene Hsiao upgraded XPeng to Outperform from Neutral with an unchanged $19 price target after its Q1 results. Hsiao cited the company's margin-driven beat, with over 2 billion yuan in other revenue supported by VW technical services. Macquarie added that volume momentum is picking up and shares now have over 10% upside.
On July 7, 2026, Autoliv announced that XPeng Inc. (NYSE:XPEV) and Autoliv Management signed a strategic cooperation framework agreement to support the development of safer mobility solutions for global markets. The companies said the partnership reflects their ambition to "strengthen collaboration across markets" and support future mobility development. Under the agreement, Autoliv and XPeng will expand collaboration across technology development, digitalization, supply chain coordination, sustainability, and global business expansion.
On July 1, XPeng announced vehicle delivery results for June and the second quarter of 2026. The company delivered 40,126 vehicles in June, bringing total second-quarter deliveries to 103,295 units. Deliveries of GX reached 6,739 units in June, and the model's 10,000th unit rolled off the production line. XPeng expects to debut the XPeng MONA L03 in China on July 2, with presale starting the same day, followed by a global market launch in July.
Image by Mikes-Photography from Pixabay
On May 29, Macquarie ***** yst Eugene Hsiao upgraded XPeng to Outperform from Neutral with an unchanged $19 price target after its Q1 results. Hsiao cited the company's margin-driven beat, with over 2 billion yuan in other revenue supported by VW technical services. Macquarie added that volume momentum is picking up and shares now have over 10% upside.
4 months ago
Tarik Muharemovic will leave Serie A, as Juventus elected not to bring him back, while Antonio Silva, who had been attached to Milan, won't be coming to the Peninsula. Both are headed to the Premier League, Fabrizio Romano reports (via SOSFanta).
Leeds United have bested Bournemouth and Sunderland in the race for the Bosnian defender. They will pay €38/40M to Sassuolo. The Bianconeri will pocket half of that figure due to a 50 percent resale clause. They wished to acquire him for about €15M, but the Emilian side drove up his price tag. The center-back will sign a rich five-year deal.
While Juventus gave serious thought to signing Muharemovic, Milan didn't go past an initial inquiry for Antonio Silva. Benfica couldn't convince him to sign an extension and then swiftly sold him to the Cherries.
The Rossoneri have already signed Mario Gila for a higher fee. They might add further if they parted ways with Fikayo Tomori. The Englishman has been linked to the Old Lady, but they'll resume negotiating with Bologna for Jhon Lucumi first now that his €28M release clause is no longer in play. He's drawing interest from Saudi Arabia, though, Sportitalia informs.
The Rossoneri would have purchased the latter if they really wanted him, considering how much they shelled out for Gila, who's more of a sure thing. If they address the position again, it'll have to be a proper stud.
Leeds United have bested Bournemouth and Sunderland in the race for the Bosnian defender. They will pay €38/40M to Sassuolo. The Bianconeri will pocket half of that figure due to a 50 percent resale clause. They wished to acquire him for about €15M, but the Emilian side drove up his price tag. The center-back will sign a rich five-year deal.
While Juventus gave serious thought to signing Muharemovic, Milan didn't go past an initial inquiry for Antonio Silva. Benfica couldn't convince him to sign an extension and then swiftly sold him to the Cherries.
The Rossoneri have already signed Mario Gila for a higher fee. They might add further if they parted ways with Fikayo Tomori. The Englishman has been linked to the Old Lady, but they'll resume negotiating with Bologna for Jhon Lucumi first now that his €28M release clause is no longer in play. He's drawing interest from Saudi Arabia, though, Sportitalia informs.
The Rossoneri would have purchased the latter if they really wanted him, considering how much they shelled out for Gila, who's more of a sure thing. If they address the position again, it'll have to be a proper stud.
