20-year-old suspended for improper riding at Southwell Loughnane to appeal against verdict and penalty Billy Loughnane, who will be Britain’s youngest champion jockey on the Flat since Frank Wootton in 1909 if he takes the title this season, has lodged an appeal against a 21-day ban imposed by the stewards at Southwell for riding a horse back to the unsaddling enclosure after it had been scratched...
20-year-old suspended for improper riding at Southwell Loughnane to appeal against verdict and penalty Billy Loughnane, who will be Britain’s youngest champion jockey on the Flat since Frank Wootton in 1909 if he takes the title this season, has lodged an appeal against a 21-day ban imposed by the stewards at Southwell for riding a horse back to the unsaddling enclosure after it had been scratched from a race on vets’ orders. Loughnane’s mount, Beelzebub, was kicked at the start before the final race on Thursday evening and deemed to be lame following a veterinary examination. Loughnane, who was suspended for improper riding, has appealed against both the finding of the stewards’ inquiry and the penalty. Continue reading...
Kenneth Thom, who went by K Money and K$, stole hundreds of thousands of dollars from clients and lost much of the rest of their money through a failed options-trading strategy, according to prosecutors.
Kenneth Thom, who went by K Money and K$, stole hundreds of thousands of dollars from clients and lost much of the rest of their money through a failed options-trading strategy, according to prosecutors.
Katrina Wittkamp/DigitalVision via Getty Images Food tech company Wonder continues going down a path of going public. The platform brings together delivery, pickup, dine-in, meal kits, and chef-driven food innovation in one seamless experience, or a mealtime super app of sorts. The New York City-based company has hired Gabrielle Rabinovitch to be its new financial officer in a move that is part of...
Katrina Wittkamp/DigitalVision via Getty Images Food tech company Wonder continues going down a path of going public. The platform brings together delivery, pickup, dine-in, meal kits, and chef-driven food innovation in one seamless experience, or a mealtime super app of sorts. The New York City-based company has hired Gabrielle Rabinovitch to be its new financial officer in a move that is part of its effort to prepare for an IPO in 2027. Rabinovitch's prior experience included serving as CFO at Worldpay and a stint at PayPal ( PYPL ) as its acting CFO. The New Jersey–based “fast fine” food platform was founded in 2018 by entrepreneur Marc Lore, who previously built and sold Quidsi and Jet.com and later ran Walmart's ( WMT ) U.S. e‑commerce business. Wonder pivoted away from its original concept for a fleet of high-tech vans cooking meals in customers’ driveways to fixed virtual food hall locations that produce dishes from dozens of licensed and in-house restaurant brands for delivery and takeaway. Lore controls the company alongside a syndicate of growth investors that have provided more than $1.2B in funding. Wonder has also been active in M&A. The company bought Blue Apron in 2023 for just over $100M, adding meal kits and subscription customers. Then in 2024 it agreed to acquire Grubhub from Just Eat Takeaway ( TKAYF ) for an enterprise value of $650M. Wonder has also purchased Spyce, Sweetgreen’s former robotics unit, and the restaurant rewards app Claim, strengthening its automation and loyalty stack, and in 2026 moved into direct restaurant ownership with a deal for Blue Ribbon Fried Chicken. Notably, Wonder has raised over $1.3B across multiple rounds, including a 2025 round led by Google Ventures ( GOOG ) and others that put its valuation around $7B. Last month, Wonder announced expansion to Texas cities Dallas–Fort Worth, Houston, Austin, and San Antonio, which will bring the company out of the Northeast and Mid‑Atlantic regions for the first time. Looking ...
Sony is raising the prices of its PlayStation consoles because of “continued pressures in the global economic landscape,” the company said in a blog post Friday. In the U.S., the PS5 and PS5 Digital Edition will get $100 price hikes to $649.99 and $599.99, respectively. The recommended retail prices go into effect April 2, marking the PlayStation’s second price hike in the U.S. in less than eight ...
Sony is raising the prices of its PlayStation consoles because of “continued pressures in the global economic landscape,” the company said in a blog post Friday. In the U.S., the PS5 and PS5 Digital Edition will get $100 price hikes to $649.99 and $599.99, respectively. The recommended retail prices go into effect April 2, marking the PlayStation’s second price hike in the U.S. in less than eight months.
da-kuk Crypto markets are facing a bloodbath situation, raising a key question for investors: with Bitcoin ( BTC-USD ) crashing, how far can crypto-linked stocks fall, and what’s the connection? Over the past 24 hours, Bitcoin ( BTC-USD ) dropped nearly ~5% to around ~$65.8K, and this crash has also pulled down major crypto-linked stocks like Coinbase ( COIN ), MicroStrategy ( MSTR ), Robinhood ( ...
da-kuk Crypto markets are facing a bloodbath situation, raising a key question for investors: with Bitcoin ( BTC-USD ) crashing, how far can crypto-linked stocks fall, and what’s the connection? Over the past 24 hours, Bitcoin ( BTC-USD ) dropped nearly ~5% to around ~$65.8K, and this crash has also pulled down major crypto-linked stocks like Coinbase ( COIN ), MicroStrategy ( MSTR ), Robinhood ( HOOD ), MARA Holdings ( MARA ), and RIOT Platform ( RIOT ). Coinbase ( COIN ) fell about ~6% to ~$162.92, with RSI sitting near ~12, reflecting oversold conditions. MicroStrategy ( MSTR ) declined roughly ~5% to ~$126.49, breaking below key support level near $128, with oversol RSI near 10. MARA Holdings ( MARA ) fell nearly ~7.34% to ~$7.95, slipping below the $8.20 level due to heavy selling pressure with RSI near 16. Similarly, Riot Platforms ( RIOT ) dropped nearly ~7% to $13.05, breaking down from the $14 zone and continuing lower with RSI around 26. Robinhood ( HOOD ) fell about ~5% to $67.27, confirming a loss of short-term support. An RSI around 22 signals oversold conditions. These stocks may attempt to recover if BTC shows strength, but any bounce is likely to be short-term as per their technical downturn structure. From a technical perspective, Bitcoin ( BTC-USD ) is in a clear downtrend after breaking below the ~$96K level, as per the TradingView chart . The RSI is around ~20, reflecting oversold conditions, which means a short-term bounce may happen soon, while the MACD indicator is negative. In the near term, it may either crash toward the ~$64K support level or attempt a short oversold bounce toward ~$67K. However, unless it reclaims the $68.5K zone, the structure will continue to favor weakness. One of the key reasons behind this crypto bloodbath is heavy liquidations. According to the Coinglass liquidation chart, about 130.38K traders were liquidated in 24 hours, with total liquidations around ~$514.72M. Most losses came from long liquidations with $34.04M ...
jroballo/iStock via Getty Images I have covered Circle Internet Group ( CRCL ) twice here on Seeking Alpha. Both times I leaned toward a cautious Hold. I initiated coverage just after the IPO at ~$83, where there was an immediate ~$75 premium to tangible book value following the IPO, which made a Buy difficult to justify at the time. I revisited CRCL in November last year around $100, following th...
jroballo/iStock via Getty Images I have covered Circle Internet Group ( CRCL ) twice here on Seeking Alpha. Both times I leaned toward a cautious Hold. I initiated coverage just after the IPO at ~$83, where there was an immediate ~$75 premium to tangible book value following the IPO, which made a Buy difficult to justify at the time. I revisited CRCL in November last year around $100, following the post-IPO surge to ~$300 and the eventual retrace below ~$100, caused by the combination of decelerating USDC ( USDC-USD ) circulation, rising OpEx guidance, and the way the market viewed a business that still generated over 90% of its top line from T-bill interest income with the interest rates falling and speculations of further rate cuts. Bitcoin's ( BTC-USD ) decline in early February from its all-time high added sentiment pressure surrounding crypto assets and crypto-linked stocks. CRCL has since recovered and staged a move towards $150 last month after Q4 earnings beat and positive guidance for FY26. That recovery had already begun to fade, with the stock drifting back to ~$126, before CRCL lost an additional 20% on Tuesday . The latest drop was tied to the Digital Asset Market Clarity Act’s stablecoin yield restriction in the latest draft , which has brought CRCL back to the same price range as my follow-up last November. At this juncture, and for the first time, I am upgrading CRCL to a Buy despite this week's market reaction to the legislative draft, with the caveat that a leg lower from the current price is still probable before the upward thesis plays out. What the Market Misread, and Why CRCL Deserves an Upgrade Tuesday’s Clarity Act selloff seems to have been an emotional, overblown reaction by the market, in my view. The Clarity Act's draft language states that it would bar rewards on passive stablecoin balances and prohibit structures "economically equivalent to interest." The market's immediate interpretation was that Circle's revenue model had been legisla...
Roman Tiraspolsky/iStock Editorial via Getty Images Blackstone ( BX ) is part of a consortium that's in advanced discussions to buy UK aerospace parts supplier Senior. Blackstone ( BX ) and industrial investor Tinicum are progressing and could propose a bid acceptable to Senior's board in the coming weeks, according to a Financial Times report on Friday, which cited people familiar with the matter...
Roman Tiraspolsky/iStock Editorial via Getty Images Blackstone ( BX ) is part of a consortium that's in advanced discussions to buy UK aerospace parts supplier Senior. Blackstone ( BX ) and industrial investor Tinicum are progressing and could propose a bid acceptable to Senior's board in the coming weeks, according to a Financial Times report on Friday, which cited people familiar with the matter. No decisions have been made and talks could still fall apart. Tinicum and Blackstone ( BX ) are among a number of bidders that have shown interest in Senior, alongside PE firms Advent International and Arcline Investment Management, according to the report. Earlier Friday, Senior extended the deadline for Advent to make a firm offer to April 17. Senior and Blackstone declined to comment to the FT. Tinicum didn't immediately respond to a request for comment. More on Blackstone Wall Street Lunch: Private Credit Funds Face $10B Investor Exit Wave Avoiding Blackstone And Blackstone Secured Lending Even Before BCRED Redemption Surge Blackstone: An Alternative Asset Compounder Built To Outperform Boomer economy: The wealthiest generation and when that could change Blackstone invests $250M in UAE firm, reaffirming confidence in the region
During periods of geopolitical strife, it's common for investors to turn to defensive sectors , such as consumer staples and utilities. That's conventional wisdom, and it often works -- until it doesn't. The conflict in Iran is an example of that wisdom being rejected. These days, it's almost impossible to watch the news or scour the internet without seeing updates on the currently shuttered Strai...
During periods of geopolitical strife, it's common for investors to turn to defensive sectors , such as consumer staples and utilities. That's conventional wisdom, and it often works -- until it doesn't. The conflict in Iran is an example of that wisdom being rejected. These days, it's almost impossible to watch the news or scour the internet without seeing updates on the currently shuttered Strait of Hormuz. Many of those headlines pertain to the strait's status as the shipping lane for 20% of the world's oil, but a third of the world's fertilizer transported by ship also moves through that waterway. With fertilizer supplies constricted, it's time to pass on food stocks. Image source: Getty Images. Continue reading
Hi, it’s Michelle Davis in New York. Happy Friday. In today’s newsletter, we look at the logic behind the latest in a string of big consumer deals that are percolating. Elsewhere, Anthropic’s IPO ambitions heat up. Today’s top stories Pernod, Jack Daniel’s maker Brown-Forman are in merger talks . Citi’s top executives weigh buying another bank . Claude AI maker Anthropic considers IPO as soon as O...
Hi, it’s Michelle Davis in New York. Happy Friday. In today’s newsletter, we look at the logic behind the latest in a string of big consumer deals that are percolating. Elsewhere, Anthropic’s IPO ambitions heat up. Today’s top stories Pernod, Jack Daniel’s maker Brown-Forman are in merger talks . Citi’s top executives weigh buying another bank . Claude AI maker Anthropic considers IPO as soon as October. Novartis to buy biotech in deal worth up to $2 billion . Saudi PIF commits to global investments despite Iran war. High spirits In the past eight days, news has leaked about three major cross-border consumer deals, with the latest being Pernod Ricard’s talks to combine with Jack Daniel’s whiskey maker Brown-Forman. The two family-backed beverages companies confirmed they’re in discussions after Bloomberg’s Ryan Gould , Ruth David , Crystal Tse and I broke the news earlier Thursday. Last week, news surfaced that Unilever was in talks to combine its food segment with McCormick and days ago it came out that Estée Lauder is in talks to buy Spain’s Puig. There’s clearly something in the water — probably whiskey. (I’m also a few weeks into officially adding consumer/retail M&A to my coverage alongside my existing beats so I’m convinced there’s a bit of baptism by fire happening here.) In all seriousness, people have been speculating about major consumer deals like this for years. Why is it all happening now? Part of it is that consumer taste and consumption habits are changing and these well-established companies see M&A as a way to get stronger through scale in the face of that. The current permissive regulatory environment has also created an opportune window to pursue splashier deals. The Pernod Ricard-Brown-Forman deal in particular comes as consumers, especially younger ones in the US, are drinking less. Those who are drinking are switching to cheaper liquors. The idea is that a combination will create a stronger company with a wider range of products and greater geo...
Broadcom (NASDAQ:AVGO) has been one of the defining semiconductor stories of the AI era. Trading at $322.51, the stock sits 14% below its 52-week high of $412.95 despite a business accelerating in nearly every dimension. Our Price Target for Broadcom is $352.37, implying 9.26% upside over the next 12 months. The 24/7 Wall St. model ... Broadcom Stock Price Prediction: Where Will AVGO Be in 3 Years...
Broadcom (NASDAQ:AVGO) has been one of the defining semiconductor stories of the AI era. Trading at $322.51, the stock sits 14% below its 52-week high of $412.95 despite a business accelerating in nearly every dimension. Our Price Target for Broadcom is $352.37, implying 9.26% upside over the next 12 months. The 24/7 Wall St. model ... Broadcom Stock Price Prediction: Where Will AVGO Be in 3 Years?