Shiffrin wins slalom to move 85 points clear overall Aicher must win Wednesday’s giant slalom finale American star eyes record-tying sixth overall crown Mikaela Shiffrin v Emma Aicher for the most prestigious title in women’s skiing will go to the season-ending final race on Wednesday. Shiffrin won yet another slalom on Tuesday – her ninth in 10 World Cup starts this season – by a massive margin o...
Shiffrin wins slalom to move 85 points clear overall Aicher must win Wednesday’s giant slalom finale American star eyes record-tying sixth overall crown Mikaela Shiffrin v Emma Aicher for the most prestigious title in women’s skiing will go to the season-ending final race on Wednesday. Shiffrin won yet another slalom on Tuesday – her ninth in 10 World Cup starts this season – by a massive margin of 1.32sec ahead of Wendy Holdener. Continue reading...
Launched in August 2025, Howdy features a library of nearly 10,000 hours of content from its partners, including Lionsgate, Sony Pictures, Disney Entertainment, Warner Bros. Discovery, and FilmRise, alongside select Roku Original titles.
Launched in August 2025, Howdy features a library of nearly 10,000 hours of content from its partners, including Lionsgate, Sony Pictures, Disney Entertainment, Warner Bros. Discovery, and FilmRise, alongside select Roku Original titles.
When the Trump administration announced plans last year to rescind a rule limiting roadbuilding and timber harvests on millions of acres of national forests and grasslands, officials called the repeal necessary to prevent and manage wildfires. But as the US Department of Agriculture prepares to release its draft environmental impact statement for the rescission, that justification is unraveling. A...
When the Trump administration announced plans last year to rescind a rule limiting roadbuilding and timber harvests on millions of acres of national forests and grasslands, officials called the repeal necessary to prevent and manage wildfires. But as the US Department of Agriculture prepares to release its draft environmental impact statement for the rescission, that justification is unraveling. And many critics of the move see the claim that roads are needed to fight fires in remote forests as cover for a giveaway to the timber industry. On average, about 8 million acres have burned each year between 2017 and 2021, according to the Congressional Budget Office , nearly double the average from 1987 to 1991. Wildfires on federal lands average about five times the size of those in the rest of the country, leading some of the nation’s top land managers to argue that national forests are a front line for fighting the nation’s steep increase in wildland blazes. Read full article Comments
Epic Games Inc. is cutting more than 1,000 jobs across the company, amid a downturn in engagement with its Fortnite video game. “We’re spending significantly more than we’re making, and we have to make major cuts to keep the company funded,” the company said in a blog post on Tuesday. “This layoff, together with over $500 million of identified cost savings in contracting, marketing, and closing so...
Epic Games Inc. is cutting more than 1,000 jobs across the company, amid a downturn in engagement with its Fortnite video game. “We’re spending significantly more than we’re making, and we have to make major cuts to keep the company funded,” the company said in a blog post on Tuesday. “This layoff, together with over $500 million of identified cost savings in contracting, marketing, and closing some open roles puts us in a more stable place.” The company said it will offer at least four months of severance to affected employees. This is Epic’s second major round of layoffs in three years. In September 2023, the company eliminated 830 employees for similar reasons. Last week, Epic raised the prices of Fortnite ’s in-game currency , writing in a blog post that “The cost of running Fortnite has gone up a lot and we’re raising prices to help pay the bills.”
The European Union is seeking to achieve a political deal within less than three months on shielding banks from the full force of new capital rules known as Fundamental Review of the Trading Book, amid concerns about eroding competitiveness. The EU’s executive arm, the European Commission , is set to present 13 proposals on how to change the FRTB rules at a meeting with the so-called Expert Group ...
The European Union is seeking to achieve a political deal within less than three months on shielding banks from the full force of new capital rules known as Fundamental Review of the Trading Book, amid concerns about eroding competitiveness. The EU’s executive arm, the European Commission , is set to present 13 proposals on how to change the FRTB rules at a meeting with the so-called Expert Group on Banking, Payments and Insurance scheduled for Wednesday, according to a document seen by Bloomberg News. The recommendations will include a ‘bank-based multiplier’ that would be designed to neutralize the FRTB impact for three years. In order to implement the changes, the EU would need to adopt a new delegated act, which requires a non-objection from Europe’s parliament and council. In the briefing document for Wednesday’s meeting, the EU said it aims to complete those steps imminently, to “allow for an adoption by the commission in the first half” of June. Read More: US Twist on Bank Trading Rules Fuels Parity Demands in EU The debate comes amid rising concern among the industry and EU governments that US efforts to ease the regulatory burden on lenders could make European banks less competitive. An announcement from the Federal Reserve last week to implement the rules in a way that substantially waters them down has exacerbated that concern and led to an immediate clamor from bank lobbies for Europe to revise its proposals. “The EU should move swiftly on postponing FRTB to avoid worsening competitive distortions,” French Banking Federation head Maya Atig said at a press conference Monday. The FRTB rules will ultimately force many banks to set aside more capital for their trading operations. The Commission decided last this year to postpone the measures until 2027 and it subsequently floated the idea of shielding banks from the impact. A representative of the commission did not immediately reply to a request for comment.
A consortium led by Indian billionaire Kumar Mangalam ’s Aditya Birla Group , The Times of India Group, David Blitzer ’s Bolt Ventures and Blackstone are set to buy the Royal Challengers Bengaluru , according to people familiar with the matter. The Indian Premier League franchise is valued at about $1.8 billion, the people said, asking not to be identified as the information is private. The deal f...
A consortium led by Indian billionaire Kumar Mangalam ’s Aditya Birla Group , The Times of India Group, David Blitzer ’s Bolt Ventures and Blackstone are set to buy the Royal Challengers Bengaluru , according to people familiar with the matter. The Indian Premier League franchise is valued at about $1.8 billion, the people said, asking not to be identified as the information is private. The deal follows a strategic review by United Spirits Ltd. , the Indian unit of Diageo Plc , which owns the franchise through Royal Challengers Sports Pvt. A potential sale has been closely watched as a benchmark for valuations in the Indian Premier League, where team stakes are increasingly viewed as trophy assets drawing global capital. The league has grown into a global entertainment powerhouse, rivaling the commercial scale of competitions such as the National Football League and the English Premier League . The spokesperson for Birla Group didn’t immediately respond to a request for comment Representatives for The Times of India Group, Bolt Ventures and Blackstone declined to comment. The transaction is set to mark the first sports team investment for Blackstone. The firm is investing through its Private Equity Strategies fund, Bloomberg previously reported. Times Internet has been expanding its global cricket media and intellectual property footprint, including investments in US-based Major League Cricket and England’s The Hundred tournament. Unlike the original team sales orchestrated by the Board of Control for Cricket in India, which permitted buyers to stagger payments over a decade, secondary sales now mandate new buyers to pay the full amount upfront, the people added. The high cost of these stake sales, estimated to be between $1.3 billion and $2 billion, has necessitated partnerships, including billionaires, private equity firms, and other interested parties, to finance the deals, the people familiar with the matter added. The IPL is the planet’s most profitable and wid...
Getty Images Shares of Starbucks ( SBUX ) cannot seem to catch a break, even with the new leadership in place, burdened with the task of engineering a turnaround. Initially hitting the $100 per share mark in 2019, shares of Starbucks, but moreover the business itself, lost some of its way. Shares jumped from the low $70s in the summer of 2024 to the low $90s when the company announced that Brian N...
Getty Images Shares of Starbucks ( SBUX ) cannot seem to catch a break, even with the new leadership in place, burdened with the task of engineering a turnaround. Initially hitting the $100 per share mark in 2019, shares of Starbucks, but moreover the business itself, lost some of its way. Shares jumped from the low $70s in the summer of 2024 to the low $90s when the company announced that Brian Niccol was set to become its new CEO. Investors were upbeat on this announcement given his track record at Chipotle Mexican Grill ( CMG ) , although shares have not seen any gains on a net basis in the more than one and a half years that followed. Other, higher conviction ideas, including secular growth plays in retail segments, can be found at Value In Corporate Events . Struggling Starbucks has been one of the best success stories in food in many decades, driven by a great concept, execution, and the leadership of Howard Schultz, under multiple episodes actually. That second leadership period ended in 2017 as strategic choices made ever since resulted in some real operational hiccups, impacting the overall results. These included long waiting times, bottlenecks, unclean stores, mobile order issues, product quality, and operational failures. Even in a third term post-pandemic, this time much shorter, Mr. Schultz could not really turn the tide. However, investors were pleased with the appointment of incoming CEO Niccol in 2024. Operational issues hurt the financials quite a bit. For that, we only have to look at the long-term results. While revenues nearly doubled over the past decade to more than $35 billion, operating margins reported near 20% a decade ago have fallen to the low teens ever since. Meanwhile, the company bought back about one in every four shares over this period, although it came with some additional debt incurred. Making Inroads While Mr. Niccol's arrival was announced one and a half years ago, many of the actions and certainly the results are still awaite...
Last year, Congress dropped widely supported military right-to-repair provisions from the annual defense policy bill - and now we may know who was pushing them to do it. Recently released lobbying reports reveal that companies like John Deere, Garmin, Philips, and many others have collectively spent millions of dollars on lobbying efforts related to the National Defense Authorization Act (NDAA), i...
Last year, Congress dropped widely supported military right-to-repair provisions from the annual defense policy bill - and now we may know who was pushing them to do it. Recently released lobbying reports reveal that companies like John Deere, Garmin, Philips, and many others have collectively spent millions of dollars on lobbying efforts related to the National Defense Authorization Act (NDAA), in some cases specifically regarding repair issues. Pentagon chief Pete Hegseth , in addition to leaders in the Army and Navy , signaled that they're on board with military right to repair in the months leading up to the National Defense Authorization … Read the full story at The Verge.
IakovKalinin/iStock via Getty Images I've gotten bullish on CK Hutchison Holdings Limited ( CKHUY ) (0001.HK). CKHUY's FY2025 earnings surpassed expectations. Its prospects are favorable, considering potential disposals and the resilient nature of its businesses. A Return To Positive Bottom Line Expansion The group published a set of slides disclosing its latest financials on Thursday, March 19. M...
IakovKalinin/iStock via Getty Images I've gotten bullish on CK Hutchison Holdings Limited ( CKHUY ) (0001.HK). CKHUY's FY2025 earnings surpassed expectations. Its prospects are favorable, considering potential disposals and the resilient nature of its businesses. A Return To Positive Bottom Line Expansion The group published a set of slides disclosing its latest financials on Thursday, March 19. My previous July 22, 2025, write-up previewed CKHUY's 1H25 results. CKHUY recorded a normalized net income of HK$22,310 million last year. That's 2% above the consensus prediction based on S&P Capital IQ data. The implied growth rate is 7.1%, which represents a substantial reversal from FY24's 11.4% contraction. I think that its telecom- and retail-related operations were the difference-makers in the most recent fiscal year. The firm's inorganic moves have clearly paid off. In 2024, SA News reported about the proposed “merger of U.K. telecommunication businesses of Vodafone Group Public Limited Company ( VOD ) and CK Hutchison's Three UK.” The transaction was subsequently concluded by the 2nd quarter last year, which led to a +15% FY25 EBITDA increase for its telecoms unit. Analyst “Labutes IR” had anticipated that this combined entity would become “the largest telecom player in the U.K., enhancing market position and synergies.” Consequently, CKHUY's British subscriber count jumped 142% to 26 million as of the end of 2025. Separately, the company's retail division delivered an 11% rise in EBITDA for the preceding year. During this same period, the Asian wellness-focused sub-segment was a standout with a 12% higher turnover. At the results meeting , CKHUY drew attention to the “good trading performances in the Philippines and Malaysia,” providing “health and beauty” solutions. My mid-2024 DFILF piece cited Herbalife's poll suggesting that over 75% of respondents in “the Asia-Pacific region have become more health-conscious” post-COVID. You wouldn't be surprised that the ente...
Cotton price action is down 15 to 26 points so far on Tuesday morning. Futures closed the Monday session with contracts 4 to 13 points lower in most contracts. Pressure was from a President Trump post ordering the Department of War to postpone some military strikes on Iran. Crude oil...
Cotton price action is down 15 to 26 points so far on Tuesday morning. Futures closed the Monday session with contracts 4 to 13 points lower in most contracts. Pressure was from a President Trump post ordering the Department of War to postpone some military strikes on Iran. Crude oil...