L1 Capital, an investment management firm, released its “L1 Capital International Fund” (unhedged) fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Strategy emphasizes investments in high-quality companies with positive cash flow valuations. The letter discusses the current investment environment, the Fund’s positioning, portfolio changes, and the quarterly rev...
L1 Capital, an investment management firm, released its “L1 Capital International Fund” (unhedged) fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Strategy emphasizes investments in high-quality companies with positive cash flow valuations. The letter discusses the current investment environment, the Fund’s positioning, portfolio changes, and the quarterly review. For […]
New York City is taking a direct shot at “ultra-wealthy and global elites,” and Mayor Zohran Mamdani made sure the message landed clearly on Tax Day on April 15. “Happy Tax Day, New York. We're taxing the rich,” Mamdani wrote...
New York City is taking a direct shot at “ultra-wealthy and global elites,” and Mayor Zohran Mamdani made sure the message landed clearly on Tax Day on April 15. “Happy Tax Day, New York. We're taxing the rich,” Mamdani wrote...
lcva2 PepsiCo ( PEP ) rose in Thursday morning trading after the food and beverage giant topped first-quarter estimates. Notably, CEO Ramon Laguarta said the company is not seeing a change in consumer behavior from the rise in gas prices. Evercore ISI analyst Robert Ottenstein highlighted that PepsiCo ( PEP ) had a solid quarter as the PepsiCo Foods North America division delivered both volume and...
lcva2 PepsiCo ( PEP ) rose in Thursday morning trading after the food and beverage giant topped first-quarter estimates. Notably, CEO Ramon Laguarta said the company is not seeing a change in consumer behavior from the rise in gas prices. Evercore ISI analyst Robert Ottenstein highlighted that PepsiCo ( PEP ) had a solid quarter as the PepsiCo Foods North America division delivered both volume and net revenue growth in Q1, with good performance across most large, well-recognized brands. Wells Fargo analyst Chris Carey said the PepsiCo ( PEP ) report is likely to be a “few surprises” kind of print with results about in line and guidance maintained, helped by commodity hedging near term. Looking ahead, Carey said the debate likely remains focused on the path of the North American acceleration and at what cost in terms of margins. Seeking Alpha analyst Steven Fiorillo highlighted that PepsiCo ( PEP ) bulls finally got the quarter they've been waiting for. "North America is turning, organic growth picked back up to 2.6%, and the 210 bps of operating margin expansion tells me productivity savings and the brand restaging work are actually hitting the P&L now rather than getting eaten by input costs," he updated. Fiorillo also noted that PepsiCo's ( PEP ) guidance for 2026 is affirmed, the 54th straight dividend hike is in, and the company walks into the back half of the year with more momentum than it's had in a long time. Shares of PepsiCo ( PEP ) were up 2.0% at 10:59 a.m. and are 10% higher on a year-to-date basis. More on Pepsico PepsiCo: Why The Turnaround Is Finally Taking Hold (Preview) PepsiCo: Elliott's Catalyst + 4% Yield = The Defensive Buy Of 2026 PepsiCo: Improving, But Core Problems Remain PepsiCo beats Q1 estimates, ranks second on Quant list among beverage stocks PepsiCo sees improved food segment results after lowering some prices
People down the rabbit hole don’t always realise their experience isn’t universal, advice columnist Eleanor Gordon-Smith writes. You might have more luck trying a new tactic Read more Leading questions My friend of 30 years keeps sending me social media posts and videos that I either don’t find funny or are disturbing. We live far away and rarely see each other, so we communicate through a messagi...
People down the rabbit hole don’t always realise their experience isn’t universal, advice columnist Eleanor Gordon-Smith writes. You might have more luck trying a new tactic Read more Leading questions My friend of 30 years keeps sending me social media posts and videos that I either don’t find funny or are disturbing. We live far away and rarely see each other, so we communicate through a messaging app. I’ve told her many times that I prefer positive or cute things, and I don’t follow American politics. Her life is difficult and I understand why she spends so much time on social media. Last week she sent me multiple videos each day that were not of interest to me at all, including one with women slapping each other. She often buys into conspiracy theories until I disprove them. All of it upsets me. It’s like she doesn’t know who I am. I’m not replying to any of these messages but she keeps sending them. Continue reading...
When it comes to vacuuming, slow and steady wins the rug race, according to social media users. But experts caution against overdoing the method Get our weekend culture and lifestyle email In what feels like less of a trend and more like the correct way to do something, people on social media have discovered “slow vacuuming”. Instead of doing a quick once over, they are taking their time over any ...
When it comes to vacuuming, slow and steady wins the rug race, according to social media users. But experts caution against overdoing the method Get our weekend culture and lifestyle email In what feels like less of a trend and more like the correct way to do something, people on social media have discovered “slow vacuuming”. Instead of doing a quick once over, they are taking their time over any and all carpeted areas – it’s just vacuuming, but slowly. Proponents of slow vacuuming claim it removes dirt more effectively, thereby keeping carpets cleaner for longer and airborne allergens at bay. Sign up for the fun stuff with our rundown of must-reads, pop culture and tips for the weekend, every Saturday morning Continue reading...
Pillars at Cold Ashby, Northamptonshire, and Thorny Gale, Cumbria, bookended the project that modernised mapping Heritage campaigners are bidding for listing status for two concrete pillars hailed as “modest obelisks of modernity in the countryside”. These functional 120cm (4ft) stone or concrete “trig points” formed part of a 6,500-strong network of surveying posts that were vital for the develop...
Pillars at Cold Ashby, Northamptonshire, and Thorny Gale, Cumbria, bookended the project that modernised mapping Heritage campaigners are bidding for listing status for two concrete pillars hailed as “modest obelisks of modernity in the countryside”. These functional 120cm (4ft) stone or concrete “trig points” formed part of a 6,500-strong network of surveying posts that were vital for the development of modern mapping. Continue reading...
It’s a relief to see the pontiff decrying brutality, because it seems most current world leaders lack the necessary spine I have never been a religious or spiritual person, even though I grew up in a religious area and had friends (and strangers) throughout school and university trying to lure me into whatever prayer disguised as organised fun they were up to. I did try it out shortly for a desper...
It’s a relief to see the pontiff decrying brutality, because it seems most current world leaders lack the necessary spine I have never been a religious or spiritual person, even though I grew up in a religious area and had friends (and strangers) throughout school and university trying to lure me into whatever prayer disguised as organised fun they were up to. I did try it out shortly for a desperate period when I was young, attempting to pray to a god I didn’t really believe in to make me not gay, but blessedly he never answered. Despite my resistance to organised religion, I have always had a soft spot for nuns and their counterparts. The girlies. Sign up for a weekly email featuring our best reads Continue reading...
Schneider Electric unveils next generation agentic manufacturing capabilities powered by Microsoft Azure AI at Hannover Messe 2026 Schneider Electric unveils next generation agentic manufacturing capabilities powered by Microsoft Azure AI at Hannover Messe 2026 Long-standing strategic collaboration showcases new milestones that help manufacturers boost efficiency and resiliency across the complete...
Schneider Electric unveils next generation agentic manufacturing capabilities powered by Microsoft Azure AI at Hannover Messe 2026 Schneider Electric unveils next generation agentic manufacturing capabilities powered by Microsoft Azure AI at Hannover Messe 2026 Long-standing strategic collaboration showcases new milestones that help manufacturers boost efficiency and resiliency across the complete lifecycleIndustrial copilot, powered by Azure AI, cuts engineering time by up to 50% with productio
The revamp to Hong Kong’s HK$2 (26 US cents) transport fare concession scheme for the elderly and disabled carried a HK$90 million price tag, with the government paying two-thirds, a Legislative Council finance committee paper revealed on Wednesday. It also showed that about 220 beneficiaries averaged more than 240 trips a month – equivalent to more than eight trips daily – with one hitting as man...
The revamp to Hong Kong’s HK$2 (26 US cents) transport fare concession scheme for the elderly and disabled carried a HK$90 million price tag, with the government paying two-thirds, a Legislative Council finance committee paper revealed on Wednesday. It also showed that about 220 beneficiaries averaged more than 240 trips a month – equivalent to more than eight trips daily – with one hitting as many as 20 trips a day, in the first year of real-name registration. The government adjusted the scheme...
NVIDIA (NASDAQ:NVDA) has drawn attention from near-term investors below $200, while Taiwan Semiconductor Manufacturing (NYSE:TSM) has attracted multi-year holders below $500. Both anchor the AI infrastructure buildout but serve different roles. NVIDIA designs the GPUs powering the AI race. TSMC manufactures the chips that NVIDIA and virtually every advanced semiconductor company designs. NVIDIA le...
NVIDIA (NASDAQ:NVDA) has drawn attention from near-term investors below $200, while Taiwan Semiconductor Manufacturing (NYSE:TSM) has attracted multi-year holders below $500. Both anchor the AI infrastructure buildout but serve different roles. NVIDIA designs the GPUs powering the AI race. TSMC manufactures the chips that NVIDIA and virtually every advanced semiconductor company designs. NVIDIA leads on ... Buy, Sell or Hold TSM Stock Below $500 or NVDA Stock Below $200?
Snap (NASDAQ: SNAP), a third-tier social media company, played the AI card, laying off 16% of its staff. That is 1,000 people. It will also cut 300 job openings. The cuts should drop costs by $500 million in the second half. Management has been pressured by Irenic Capital Management, which owns about 2.5% of Snap, ... Snap Was Always A Terrible Company
Snap (NASDAQ: SNAP), a third-tier social media company, played the AI card, laying off 16% of its staff. That is 1,000 people. It will also cut 300 job openings. The cuts should drop costs by $500 million in the second half. Management has been pressured by Irenic Capital Management, which owns about 2.5% of Snap, ... Snap Was Always A Terrible Company
World Athletics rejects the applications of 11 elite athletes to switch their nationality to Turkey as the requests were "part of a coordinated recruitment strategy" by the country's government "to attract overseas athletes through lucrative contracts".
World Athletics rejects the applications of 11 elite athletes to switch their nationality to Turkey as the requests were "part of a coordinated recruitment strategy" by the country's government "to attract overseas athletes through lucrative contracts".