The good news wasn't enough to convince investors to ignore the bad news. Based on nothing more than its preliminary fourth-quarter results released yesterday afternoon, shares of live-entertainment outfit Venu (VENU 32.54%) should be holding their ground. Its estimated Q4 revenue is up from year-ago levels, reflecting growing ticket sales at a handful of its live-concert locales. CEO JW Roth even...
The good news wasn't enough to convince investors to ignore the bad news. Based on nothing more than its preliminary fourth-quarter results released yesterday afternoon, shares of live-entertainment outfit Venu (VENU 32.54%) should be holding their ground. Its estimated Q4 revenue is up from year-ago levels, reflecting growing ticket sales at a handful of its live-concert locales. CEO JW Roth even went as far as to say within the announcement, "I believe the Company will become operationally profitable by the end of 2026." Yet, as of 12:15 p.m. ET today, Venu stock is down 33%. What gives? Expand NYSEMKT : VENU Venu Today's Change ( -32.54 %) $ -2.79 Current Price $ 5.79 Key Data Points Market Cap $371M Day's Range $ 5.72 - $ 6.88 52wk Range $ 5.72 - $ 18.17 Volume 655K Avg Vol 126K Gross Margin 6.63 % The other news also released after Tuesday's close is the likely culprit. Shareholder dilution ahead Getting straight to the point, Venu is diluting existing shareholders' stakes by issuing more shares of its own stock. A lot of it, in fact. Per the company's press release, the company intends to sell an additional $75 million worth of its own shares in the very near future. It hasn't yet specified exactly how many new shares it will sell directly to investors. Before today's stumble, however, Venu's market cap was right around $370 million, implying a 20% increase in its total share count looms. Of course, this translates into a 20% decrease in the stock's mathematical value as of just yesterday. More risk and volatility than most Dilution isn't always a bad thing -- sometimes a company can clearly do something constructive with a fresh injection of cash. And, there's no denying Venu's recent investments in new live-concert facilities are showing promise. Perhaps JW Roth is correct about his company swinging to an operating profit before the end of this year. There are certainly riskier trades out there to consider stepping into. Still, one can't help but wonder if t...
In the middle is Barclays’ Dan Levy. “The theme for Tesla in 2026 is yet again that Tesla's narrative command on its AI opportunities remains in hyperdrive,” Levy wrote. Overall, 40% of analysts tracked by FactSet who cover the stock rate shares Buy.
In the middle is Barclays’ Dan Levy. “The theme for Tesla in 2026 is yet again that Tesla's narrative command on its AI opportunities remains in hyperdrive,” Levy wrote. Overall, 40% of analysts tracked by FactSet who cover the stock rate shares Buy.
Hundreds of jobs are at risk after Game Retail, the video game chain owned by Mike Ashley’s Frasers Group , signaled it was on the brink of collapse. The UK’s biggest gaming retailer, which sells consoles, games and accessories, filed a notice of its intention to appoint insolvency administrators following weak sales. The move on Wednesday afternoon gives the business, bought by Frasers in 2019 fo...
Hundreds of jobs are at risk after Game Retail, the video game chain owned by Mike Ashley’s Frasers Group , signaled it was on the brink of collapse. The UK’s biggest gaming retailer, which sells consoles, games and accessories, filed a notice of its intention to appoint insolvency administrators following weak sales. The move on Wednesday afternoon gives the business, bought by Frasers in 2019 for £52 million ($72 million), some time and protection from creditors while continuing any rescue talks. Game has hundreds of concessions in larger shops around the country and five standalone stores in operation, according to its website. Game’s problems are the latest sign of distress in Britain’s retail sector, which has been hammered by higher taxes and weak consumer demand. The recent holiday period — a vital trading period for retailers — was poor with consumers reining in spending. Retailers like Game, which sells products typically popular as Christmas gifts, would have been particularly hard hit by lackluster sales. Claire’s Accessories and The Original Factory Shop entered insolvency proceedings this month, with owner Modella Capital blaming weak consumer confidence and the government’s tax policies. Frasers declined to comment.
Tippapatt Dennis Lockhart, former president of the Atlanta Federal Reserve, warned that financial instability risks are rising amid a series of significant market moves that have rattled investors in recent weeks. The veteran central banker expressed concern that these developments are creating stress for the global financial system. In an interview with CNBC, Lockhart assessed the current market ...
Tippapatt Dennis Lockhart, former president of the Atlanta Federal Reserve, warned that financial instability risks are rising amid a series of significant market moves that have rattled investors in recent weeks. The veteran central banker expressed concern that these developments are creating stress for the global financial system. In an interview with CNBC, Lockhart assessed the current market environment and its implications for monetary policy. “It suggests that financial stability risks are rising,” he said of the recent volatility. The dollar ( DXY ) has been trading at its weakest level since 2022, with the sell-off accelerating this year. Meanwhile, gold prices ( XAUUSD:CUR ) have been hitting new record highs in what Lockhart described as a relentless march higher, and questions have emerged about long-term bonds. Despite the mounting concerns, Lockhart said the Federal Reserve will likely take a measured approach to the turbulence. The Fed “does not step in just with every little market upsetting or turmoil,” he explained, adding that he expects the central bank will “wait and see” as conditions develop. Lockhart noted that the dollar’s value is primarily the U.S. Treasury’s responsibility, not the Fed’s, though coordination between the two institutions exists when necessary. While he acknowledged that the yen ( FXY ) situation appears to have settled down somewhat, he added that it is “troubling that the global financial system is having some of the stress.” More on U.S. dollar, gold Dollar Weakens As Markets Reprice U.S. Political Risk U.S. Dollar Retraces Some Of Yesterday's Dramatic Losses Chart Of The Day: The Greenback Is On The Brink... Again Yen tumbles after Bessent rules out dollar-selling intervention Dollar weakness is a big tailwind for commodities – analyst
(RTTNews) - Kangwon Land, Inc. (035250.KS) on Wednesday reported results for the fourth quarter, with profit dropping sharply from last year, as operating margin declined. Net profit for the fourth quarter was 66.0 billion Won, down from 112.2 billion won last year. Sales for the quarter were 365.4 billion won, up 6% from 344.6 billion won last year. Operating margin for the quarter was 8.1%, comp...
(RTTNews) - Kangwon Land, Inc. (035250.KS) on Wednesday reported results for the fourth quarter, with profit dropping sharply from last year, as operating margin declined. Net profit for the fourth quarter was 66.0 billion Won, down from 112.2 billion won last year. Sales for the quarter were 365.4 billion won, up 6% from 344.6 billion won last year. Operating margin for the quarter was 8.1%, compared to 12.4% last year. Cost of Goods Sold (COGS) for the quarter increased 8.9% to 285.0 billion Won and Selling, General and Administrative expenses (SG&A) also rose 26.6% to 50.8 billion Won. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Welcome to our TOPLive blog on the Federal Open Market Committeeâs interest-rate decision. Join us starting at 1:45 p.m. New York time, 15 minutes before the statement is released, for news, analysis and market reaction. Federal Reserve Chair Jerome Powell is scheduled to hold a news conference at 2:30 p.m. The Marriner S. Eccles Federal Reserve building in Washington. Photographer: Al Drago/Blo...
Welcome to our TOPLive blog on the Federal Open Market Committeeâs interest-rate decision. Join us starting at 1:45 p.m. New York time, 15 minutes before the statement is released, for news, analysis and market reaction. Federal Reserve Chair Jerome Powell is scheduled to hold a news conference at 2:30 p.m. The Marriner S. Eccles Federal Reserve building in Washington. Photographer: Al Drago/Bloomberg
The first female archbishop of Canterbury has marked her confirmation in the role with a vow to speak out about misogyny while questions continue about her record on safeguarding. Sarah Mullally took part in a service at St Paul’s Cathedral which legally confirmed her as the 106th person to take up the post and the first woman in the role. Some African church leaders have expressed dismay at the a...
The first female archbishop of Canterbury has marked her confirmation in the role with a vow to speak out about misogyny while questions continue about her record on safeguarding. Sarah Mullally took part in a service at St Paul’s Cathedral which legally confirmed her as the 106th person to take up the post and the first woman in the role. Some African church leaders have expressed dismay at the appointment. In an interview to mark her confirmation in post, Mullally, a former chief nurse, said she had learned from experience about the importance of calling out misogyny. She said: “It is fair to say that I have, both in my secular role as well as in the church, experienced misogyny at times.” She added that it should be discussed “so that you bring it out into the open”. Asked this week about misogyny in the church, she said: “I’m conscious that being in this role, it’s important for me to speak of it, because there are some that don’t necessarily have the status or the power of this role, and feel more hesitant to do it.” Mullally, who was previously bishop of London for eight years, said she had “always understood that people may find my appointment as a woman difficult in the Church”. She added: “What I hope to do is to be able to provide a space where I can offer hospitality to people, where I can listen to what their concerns are and, in a sense, find some way in which we can at least have partnership together in that way.” Henry Ndukuba, the archbishop of the Church of Nigeria, said it was insensitive “to the conviction of the majority of Anglicans who are unable to embrace female headship in the episcopate”. The archbishop of Rwanda’s Anglican church, Laurent Mbanda, said in a statement that the “majority of the Anglican Communion still believes that the bible requires a male-only episcopacy”. Mullally has previously been open about her support for approval of same-sex blessings in the church, but appeared reticent in her new role to give her personal view on ...
One of Canada’s biggest institutional investors is recommending the Swiss franc, Japanese yen and gold as potential alternatives to the US dollar as President Donald Trump ’s policies pressure the greenback. The US dollar slid even as Treasury yields rose after Trump’s April 2 tariff announcements, potentially signaling that investors no longer view the currency as a safe haven, Investment Managem...
One of Canada’s biggest institutional investors is recommending the Swiss franc, Japanese yen and gold as potential alternatives to the US dollar as President Donald Trump ’s policies pressure the greenback. The US dollar slid even as Treasury yields rose after Trump’s April 2 tariff announcements, potentially signaling that investors no longer view the currency as a safe haven, Investment Management Corp. of Ontario said Wednesday in its annual World View report . And the dollar’s recent performance reinforces the message that the US may no longer be a stable partner, according to the pension manager. “The acceleration in US efforts to address global imbalances, combined with Trump’s unpredictable and unconventional approach, could weigh on the USD in the years ahead while potentially lifting inflation and bond yields,” the pension said in the report. A spokesperson for IMCO said the document doesn’t necessarily indicate what actions the fund is taking on its currency exposures. The US dollar had its steepest one-day drop since last year’s tariff rollout after Trump said on Tuesday he didn’t think the currency had weakened excessively — fueling speculation the greenback is at the precipice of a longer-term decline. Some money managers have been seeking shelter elsewhere. In recent days, some European pension plans, such as AkademikerPension and Alecta , said that they’re cutting US Treasury holdings amid concerns that Trump’s policies have created credit risks too big to ignore. Read More: Sweden’s Alecta Sold Most of Its US Treasuries Since Early 2025 IMCO — which manages about C$86 billion ($63.5 billion) on behalf of public-sector workers, government bodies and schools — said that, in addition to looking at other currencies, investors can consider physical assets tied to strategically vital areas such as artificial intelligence and energy-related infrastructure. “Given that you ‘need stuff to make stuff,’ opportunities could arise in commodities, materials, ener...
Shareholders of Kohl's Corp. (Symbol: KSS) looking to boost their income beyond the stock's 2.9% annualized dividend yield can sell the December 2027 covered call at the $27.50 strike and collect the premium based on the $2.97 bid, which annualizes to an additional 9% rate of return against the current stock price (at Stock Options Channel we call this the), for a total of 11.9% annualized rate in...
Shareholders of Kohl's Corp. (Symbol: KSS) looking to boost their income beyond the stock's 2.9% annualized dividend yield can sell the December 2027 covered call at the $27.50 strike and collect the premium based on the $2.97 bid, which annualizes to an additional 9% rate of return against the current stock price (at Stock Options Channel we call this the), for a total of 11.9% annualized rate in the scenario where the stock is not called away. Any upside above $27.50 would be lost if the stock rises there and is called away, but KSS shares would have to advance 57.8% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 74.8% return from this trading level, in addition to any dividends collected before the stock was called. In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Kohl's Corp., looking at the dividend history chart for KSS below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2.9% annualized dividend yield. Below is a chart showing KSS's trailing twelve month trading history, with the $27.50 strike highlighted in red: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the December 2027 covered call at the $27.50 strike gives good reward for the risk of having given away the upside beyond $27.50. (Do most options expire worthless? This and six other common options myths debunked). We calculate the trailing twelve month volatility for Kohl's Corp. (considering the last 251 trading day closing values as well as today's price of $17.39) to be 95%. For other call options contract ideas at the various different available expirations, visit the KSS Stock Options page of StockOptionsChannel.com. In mid-afternoon trading o...
Shareholders of Las Vegas Sands Corp (Symbol: LVS) looking to boost their income beyond the stock's 1.6% annualized dividend yield can sell the January 2028 covered call at the $90 strike and collect the premium based on the $4.65 bid, which annualizes to an additional 3.8% rate of return against the current stock price (at Stock Options Channel we call this the), for a total of 5.4% annualized ra...
Shareholders of Las Vegas Sands Corp (Symbol: LVS) looking to boost their income beyond the stock's 1.6% annualized dividend yield can sell the January 2028 covered call at the $90 strike and collect the premium based on the $4.65 bid, which annualizes to an additional 3.8% rate of return against the current stock price (at Stock Options Channel we call this the), for a total of 5.4% annualized rate in the scenario where the stock is not called away. Any upside above $90 would be lost if the stock rises there and is called away, but LVS shares would have to climb 45.4% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 52.9% return from this trading level, in addition to any dividends collected before the stock was called. In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Las Vegas Sands Corp, looking at the dividend history chart for LVS below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 1.6% annualized dividend yield. Below is a chart showing LVS's trailing twelve month trading history, with the $90 strike highlighted in red: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2028 covered call at the $90 strike gives good reward for the risk of having given away the upside beyond $90. (Do most options expire worthless? This and six other common options myths debunked). We calculate the trailing twelve month volatility for Las Vegas Sands Corp (considering the last 251 trading day closing values as well as today's price of $61.93) to be 39%. For other call options contract ideas at the various different available expirations, visit the LVS Stock Options page of StockOptionsChannel.com. In mid-afternoon trad...
Shareholders of Telephone & Data Systems Inc (Symbol: TDS) looking to boost their income beyond the stock's 0.4% annualized dividend yield can sell the December covered call at the $50 strike and collect the premium based on the $4.10 bid, which annualizes to an additional 10.5% rate of return against the current stock price (at Stock Options Channel we call this the), for a total of 10.9% annuali...
Shareholders of Telephone & Data Systems Inc (Symbol: TDS) looking to boost their income beyond the stock's 0.4% annualized dividend yield can sell the December covered call at the $50 strike and collect the premium based on the $4.10 bid, which annualizes to an additional 10.5% rate of return against the current stock price (at Stock Options Channel we call this the), for a total of 10.9% annualized rate in the scenario where the stock is not called away. Any upside above $50 would be lost if the stock rises there and is called away, but TDS shares would have to climb 13.9% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 23.2% return from this trading level, in addition to any dividends collected before the stock was called. In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Telephone & Data Systems Inc, looking at the dividend history chart for TDS below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.4% annualized dividend yield. Below is a chart showing TDS's trailing twelve month trading history, with the $50 strike highlighted in red: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the December covered call at the $50 strike gives good reward for the risk of having given away the upside beyond $50. (Do most options expire worthless? This and six other common options myths debunked). We calculate the trailing twelve month volatility for Telephone & Data Systems Inc (considering the last 251 trading day closing values as well as today's price of $43.91) to be 35%. For other call options contract ideas at the various different available expirations, visit the TDS Stock Options page of StockOptionsChannel.com. In ...
Southern Copper Corp. expects copper output to decline over the next two years as ore grades fall at key mines in Peru, even as a surge in silver prices sharpens the miner’s focus on boosting production of the precious metal it typically produces as a byproduct. The company, which has projects in Peru and Mexico, forecasts copper output of 911,400 tons this year and “a little bit north of 900,000 ...
Southern Copper Corp. expects copper output to decline over the next two years as ore grades fall at key mines in Peru, even as a surge in silver prices sharpens the miner’s focus on boosting production of the precious metal it typically produces as a byproduct. The company, which has projects in Peru and Mexico, forecasts copper output of 911,400 tons this year and “a little bit north of 900,000 tons” in 2027, Chief Financial Officer Raul Jacob Ruisanchez said on a call with investors Wednesday. That’s down from 954,270 tons produced last year, with lower ore grades at the Toquepala and Cuajone mines in Peru weighing on the outlook. Shares dipped as much as 2.4% on Wednesday in New York before rebounding to trade near $195.33 at 12:38 p.m. local time. Ruisanchez also pointed to a renewed focus to boost zinc and silver output after Southern Copper discovered a “pocket of very good ore grades for both” at its Buenavista mine in Mexico. Higher silver prices last year prompted the company to channel more zinc — where the precious metal is a key byproduct — through one of its concentrators, he said. “If there is a significant change in the relative prices between zinc, silver and copper, we will review our strategy,” Ruisanchez said. For now, “it still makes sense to be producing silver and zinc.” In a statement released Tuesday, Southern Copper reaffirmed its long-term objective of producing 1.6 million tons of copper by 2033.
alfexe/iStock via Getty Images By James Knightley , Chief International Economist, US and Francesco Pesole , FX Strategist BoC fine with current rate The Bank of Canada has held its target for the overnight rate at 2.25%, as widely expected. After peaking at 5% in 2024, the BoC has cut rates 275bp, but they’ve left policy unchanged since their last cut in late October 2025. The commentary around t...
alfexe/iStock via Getty Images By James Knightley , Chief International Economist, US and Francesco Pesole , FX Strategist BoC fine with current rate The Bank of Canada has held its target for the overnight rate at 2.25%, as widely expected. After peaking at 5% in 2024, the BoC has cut rates 275bp, but they’ve left policy unchanged since their last cut in late October 2025. The commentary around the decision suggests that after a relatively large series of moves, a more stable global and domestic macro backdrop is allowing them to pause and reflect on where the future risks may lie. They acknowledge the challenges posed by “unpredictable US trade policies”, with the US dollar weakening posing an added headwind for Canadian exporters. The elevated unemployment rate of 6.8% and the lack of evidence of a pick-up in hiring are also a concern. Nonetheless, the stronger domestic growth story has been a positive development. Given this situation, they forecast 1.1% GDP growth in 2026 and 1.5% in 2027, which is broadly in line with how they saw things back in October. Regarding inflation, they see underlying price pressures (ignoring tax-related base effects) as being in line with the 2% target with trade-related price pressures being offset by excess supply. As such, the BoC views the current policy stance as being “appropriate”. Very slight hint on the dovish side Given the level of uncertainty surrounding the economy and ongoing threats of an escalation in trade tensions, particularly with the USMCA trade deal up for joint review in July, they indicate a slight hint of bias towards the potential for a further rate cut. Markets don’t expect it, pricing perhaps 4bp of a possible 25bp cut by June. We are also not forecasting another cut, but would suggest that the risks of a move are higher than implied by market pricing. Muted market reaction, USD story dominates The reaction in USD/CAD was quite contained. The BoC is leaving options on the table, and we wouldn’t be shocke...
Tesla stock is pricey and volatile–two reasons traders and investors follow it so closely. Currently, Tesla trades for about 200 times earnings expected over the coming 12 months. Palantir is the second most expensive stock, trading at about 165 times forward earnings.
Tesla stock is pricey and volatile–two reasons traders and investors follow it so closely. Currently, Tesla trades for about 200 times earnings expected over the coming 12 months. Palantir is the second most expensive stock, trading at about 165 times forward earnings.
Justin Sullivan/Getty Images News Chevron ( CVX ) plans to increase exports of Venezuelan crude to the U.S. to ~300K bbl/day in March from 100K bbl/day in December and 230K bbl/day so far this month, Reuters reported Wednesday. Chevron ( CVX ), which is the main partner of Venezuela's state-run energy firm PDVSA, reportedly has chartered a dozen or so tankers to increase shipments and drain invent...
Justin Sullivan/Getty Images News Chevron ( CVX ) plans to increase exports of Venezuelan crude to the U.S. to ~300K bbl/day in March from 100K bbl/day in December and 230K bbl/day so far this month, Reuters reported Wednesday. Chevron ( CVX ), which is the main partner of Venezuela's state-run energy firm PDVSA, reportedly has chartered a dozen or so tankers to increase shipments and drain inventories accumulated at its projects since December. Four Chevron-PDVSA oil joint ventures are producing 240K-250K bbl/day of heavy crude grades that are popular among U.S. Gulf Coast refiners, and production cuts applied by PDVSA to some oilfields since early this month did not hit Chevron's ( CVX ) projects, according to the report . The U.S. company , which for months was the only company authorized by the Trump administration to export Venezuelan oil to the U.S. as part of an exemption to sanctions, is now competing with trading houses Vitol and Trafigura, which recently were granted U.S. licenses to export Venezuelan oil and fuel to the U.S. and other destinations. More on Chevron Chevron Q4: Taking Profits While Awaiting A Correction And A Less Uncertain Environment Chevron: Appealing, But Upside May Be Limited Near Term Exxon Mobil vs. Chevron: One Oil Giant Stands Above The Other
Creator platform Patreon is taking issue with Apple’s new mandate that forces all creators to move to a subscription billing model, which now has a new transition deadline of November 1, 2026. While the coming changes will only impact the 4% of creators who are still using Patreon’s legacy billing models, the company’s announcement stressed that Apple’s lack of consistency around its changing term...
Creator platform Patreon is taking issue with Apple’s new mandate that forces all creators to move to a subscription billing model, which now has a new transition deadline of November 1, 2026. While the coming changes will only impact the 4% of creators who are still using Patreon’s legacy billing models, the company’s announcement stressed that Apple’s lack of consistency around its changing terms has made it hard for creators to build healthy, long-term businesses. What Patreon is referring to is the mandate Apple announced in 2024 around subscription billing changes. It said that Patreon must move all its creators to subscription billing using Apple’s in-app purchase system by November 2025 or else Patreon would risk removal from the App Store. Apple made this decision because Patreon was managing the billing for some percentage of creators’ subscriptions, and the tech giant saw that as skirting its App Store commission structure. To Apple’s credit, Patreon was given plenty of time to migrate its customers to Apple’s in-app purchases. The company said it would switch creators to subscription billing in November 2024, and creators could choose whether to increase their subscription prices to cover Apple’s fees. In addition, creators could opt to delay changes until November 2025 if they needed more time. However, they wouldn’t be able to offer subscriptions in the app until they adopted Apple’s in-app purchases. Last May, Patreon took advantage of newly loosened App Store guidelines resulting from the U.S. court ruling in Epic v. Apple to offer creators the ability to process web payments from links in Patreon’s app. At the time, Patreon told creators that the earlier November 2025 deadline was no longer in effect. This gave creators even more time to decide what to do about their subscription businesses. The company says now that its decision to pause the transition for its creators may have added to the confusion given that Apple is now reimposing a transition d...
Creator platform Patreon is taking issue with Apple’s new mandate that forces all creators to move to a subscription billing model, which now has a new transition deadline of November 1, 2026. While the coming changes will only impact the 4% of creators who are still using Patreon’s legacy billing models, the company’s announcement stressed that Apple’s lack of consistency around its changing term...
Creator platform Patreon is taking issue with Apple’s new mandate that forces all creators to move to a subscription billing model, which now has a new transition deadline of November 1, 2026. While the coming changes will only impact the 4% of creators who are still using Patreon’s legacy billing models, the company’s announcement stressed that Apple’s lack of consistency around its changing terms has made it hard for creators to build healthy, long-term businesses. What Patreon is referring to is the mandate Apple announced in 2024 around subscription billing changes. It said that Patreon must move all its creators to subscription billing using Apple’s in-app purchase system by November 2025 or else Patreon would risk removal from the App Store. Apple made this decision because Patreon was managing the billing for some percentage of creators’ subscriptions, and the tech giant saw that as skirting its App Store commission structure. To Apple’s credit, Patreon was given plenty of time to migrate its customers to Apple’s in-app purchases. The company said it would switch creators to subscription billing in November 2024, and creators could choose whether to increase their subscription prices to cover Apple’s fees. In addition, creators could opt to delay changes until November 2025 if they needed more time. However, they wouldn’t be able to offer subscriptions in the app until they adopted Apple’s in-app purchases. Last May, Patreon took advantage of newly loosened App Store guidelines resulting from the U.S. court ruling in Epic v. Apple to offer creators the ability to process web payments from links in Patreon’s app. At the time, Patreon told creators that the earlier November 2025 deadline was no longer in effect. This gave creators even more time to decide what to do about their subscription businesses. The company says now that its decision to pause the transition for its creators may have added to the confusion given that Apple is now reimposing a transition d...
The ARK 21Shares Bitcoin ETF makes it easy to access that digital currency, but investors should evaluate the fund's pros and cons. It's been about two years since spot Bitcoin exchange-traded funds (ETFs) started trading in the U.S., marking a seminal event in the histories of both the ETF industry and the broader cryptocurrency space. One of the most significant funds in this still young ETF cat...
The ARK 21Shares Bitcoin ETF makes it easy to access that digital currency, but investors should evaluate the fund's pros and cons. It's been about two years since spot Bitcoin exchange-traded funds (ETFs) started trading in the U.S., marking a seminal event in the histories of both the ETF industry and the broader cryptocurrency space. One of the most significant funds in this still young ETF category is the ARK 21Shares Bitcoin ETF (ARKB +0.68%). Just a couple of weeks past its second birthday, the ARK ETF is home $3.3 billion in assets under management (AUM), meaning just five crypto ETFs of any variety are larger than this fund. That's an impressive start for any two-year-old ETF, and it confirms that advisors and retail investors alike are embracing this product. Still, that popularity also indicates that market participants, particularly those new to the game, need to understand the mechanics of spot Bitcoin ETFs, including this ARK fund. Here are three need-to-know facts about this fund. 1. Investors own shares, not Bitcoin directly The ARK Bitcoin ETF and its brethren are comparable to funds such as the SPDR Gold Shares in that investors buy shares in a fund that provides exposure to the underlying asset. However, investors purchasing this ETF don't directly own Bitcoin any more than a gold ETF investor owns gold bars, which is to say they don't. In fact, the ARK ETF is, at its core, an index fund as it tracks the CME CF Bitcoin Reference Rate – New York Variant. Prospective investors need to remember that point. 2. Unlike Bitcoin, the ETF doesn't trade all day For many investors, one of the coolest things about cryptocurrency is that it's a true 24/7 market. Want to buy some Bitcoin or another digital currency at midnight or on Christmas Day? No problem. Your order will be processed, and you'll immediately add to your Bitcoin stake. That's not the case with the ARK fund or any other Bitcoin ETF, for that matter. Remember what ETF stands for. These are funds...
Another East Coast Storm Brewing After Widespread Power Outages Authored by Jack Phillips via The Epoch Times (emphasis ours), Another winter storm system may hit the East Coast this weekend, just days after a major storm brought widespread power outages due to ice and snow across a broad swath of the eastern United States. A street during a winter storm in New York City on Jan. 25, 2026. Samira B...
Another East Coast Storm Brewing After Widespread Power Outages Authored by Jack Phillips via The Epoch Times (emphasis ours), Another winter storm system may hit the East Coast this weekend, just days after a major storm brought widespread power outages due to ice and snow across a broad swath of the eastern United States. A street during a winter storm in New York City on Jan. 25, 2026. Samira Bouaou/The Epoch Times “ Forecasts are being monitored for increasing potential of another significant winter storm to impact the eastern United States this coming weekend, ” the National Weather Service (NWS) said on Jan. 27. The NWS added that “well below normal temperatures” will continue for the eastern part of the United States for this week, predicting yet “another blast of arctic air” that will spread from the Plains states to the East Coast, including the South, on Friday and Saturday. Record low temperatures are to be expected, including in Florida. At least 30 people have died due to the storm and cold , authorities in multiple states confirmed as of Monday evening. In New York City, at least five people were found dead outside amid freezing temperatures, with causes under investigation but possibly attributed to hypothermia, Mayor Zohran Mamdani said . Louisiana officials said two men died of hypothermia in Caddo Parish, while two teenagers perished in sledding accidents in Arkansas and Texas. In Emporia, Kansas, a K-9 police team found a schoolteacher dead, covered in snow. More than 500,000 people were without power, mostly across the southern United States, according to a Tuesday morning update from tracking website Poweroutage.us. Tennessee had 170,000 outages , while Mississippi reported 140,000 and Louisiana 99,000 due to an icy snowstorm that hit the region this past weekend, the site shows. Other states with thousands of outages include Texas, Kentucky, Georgia, and South Carolina. The United States had more than 12,000 flight delays or cancellations natio...