Aston Villa boss Unai Emery says VAR made a "huge mistake" in not sending off Nottingham Forest's Elliot Anderson in their Europa League semi-final first leg.
Aston Villa boss Unai Emery says VAR made a "huge mistake" in not sending off Nottingham Forest's Elliot Anderson in their Europa League semi-final first leg.
Welcome to Bloomberg’s California Edition—covering all the events shaping one of the world’s biggest economies and its global influence. This week, we follow the money reshaping the Golden State, from a Christmas party in the redwoods to the new LACMA building. You can sign up here . “The world’s third-richest person, a gut-health influencer and the California governor walk into a party” sounds li...
Welcome to Bloomberg’s California Edition—covering all the events shaping one of the world’s biggest economies and its global influence. This week, we follow the money reshaping the Golden State, from a Christmas party in the redwoods to the new LACMA building. You can sign up here . “The world’s third-richest person, a gut-health influencer and the California governor walk into a party” sounds like the trappings of a joke. Instead, it is a pivotal episode in the billionaire-fueled, political class wars playing out in the Golden State. The party, a posh Christmas bash in the Marin redwoods that included a treehouse and a red-eyed abominable snowman , was narrated in detail by Eliyahu Kamisher and Biz Carson this week. They showed how a group of billionaires, with Google’s Sergey Brin at the forefront, is pushing to sway the future of California politics—mandatory reading to understand the dynamics between money and power in the state. Altogether, the ultrawealthy have injected more than $270 million into this California election cycle so far. There’s more to come: Almost every Friday, Tom Steyer drops a couple extra million to his governor bid and the organizers behind the 5% wealth tax ballot measure, as well as those behind two other initiatives that are trying to stop it, said they have enough signatures to qualify for the November vote. Brin is also not running out of money soon. On Thursday, Alphabet shares shot up the most in more than year , boosting Brin’s already vast fortune to $301 billion according to the Bloomberg Billionaires Index , overtaking Jeff Bezos as the planet’s third-richest individual. “The wealth tax was a wake up call, it was a fire that just lit up Silicon Valley literally in a matter of weeks,” said Steven Maviglio, a veteran Democratic strategist. “I’ve never seen anything like it.” Up Front David Geffen has long been one of the wealthiest and most influential players in Tinsel Town. Now, he’s making that clear to anyone crossing Wilshi...
Hong Kong’s growing ambitions to shine on the global sporting stage do not just count on the competence of individual athletes. Conducive government policies, adequate funding and good governance in the sport sector are just as crucial. Following the Audit Commission’s exposure of management and funding problems in 2020, the government rightly acknowledged that enhancing corporate governance of na...
Hong Kong’s growing ambitions to shine on the global sporting stage do not just count on the competence of individual athletes. Conducive government policies, adequate funding and good governance in the sport sector are just as crucial. Following the Audit Commission’s exposure of management and funding problems in 2020, the government rightly acknowledged that enhancing corporate governance of national sports associations is a key priority in promoting professionalism in sports. Positive...
Microsoft Corporation (NASDAQ:MSFT) is included among the 10 Innovative Dividend Stocks to Buy Right Now. On April 28, BMO Capital Markets lowered its price recommendation on Microsoft Corporation (NASDAQ:MSFT) to $505 from $575. It reiterated an Outperform rating ahead of the company’s Q1 results. The firm pointed to ongoing investor concerns around software. It said […]
Microsoft Corporation (NASDAQ:MSFT) is included among the 10 Innovative Dividend Stocks to Buy Right Now. On April 28, BMO Capital Markets lowered its price recommendation on Microsoft Corporation (NASDAQ:MSFT) to $505 from $575. It reiterated an Outperform rating ahead of the company’s Q1 results. The firm pointed to ongoing investor concerns around software. It said […]
Earnings Call Insights: Titan International (TWI) Q1 2026 Management View “Our first quarter marked a solid start to the year with revenues and adjusted EBITDA near the high end of our guidance ranges.” (CEO, President & Director Paul Reitz) “Looking ahead to Q2, included in our guidance is an approximately $3 million headwind in operating margins due to the impact of the war in Iran.” (CEO Reitz)...
Earnings Call Insights: Titan International (TWI) Q1 2026 Management View “Our first quarter marked a solid start to the year with revenues and adjusted EBITDA near the high end of our guidance ranges.” (CEO, President & Director Paul Reitz) “Looking ahead to Q2, included in our guidance is an approximately $3 million headwind in operating margins due to the impact of the war in Iran.” (CEO Reitz) “Sales grew 2.9% year-over-year… Gross margins improved to 14.1% and adjusted EBITDA grew to… $31 million.” (Senior VP & Chief Financial Officer Anthony Eheli) “A strategic event of note during the quarter was our decision to close our Jackson, Tennessee plant.” (CFO Eheli) Outlook “Our guidance for the quarter is revenues of $470 million to $490 million and adjusted EBITDA of $25 million to $30 million.” (CFO Eheli) “For fiscal year 2026, our financial guidance remains unchanged and is as follows: revenues of $1.85 billion to $1.95 billion and adjusted EBITDA of $105 million to $115 million.” (CFO Eheli) “Versus last year, that guidance implies some top line growth, along with modest reduction in bottom line performance compared with last year's Q2.” (CFO Eheli) “The primary factors driving the bottom line reduction are OEM pricing pressure and additional cost pressure… related to the Iran conflict.” (CFO Eheli) Financial Results “Segment revenues were up 11% to $160 million.” (CFO Eheli) “SG&A, including R&D, was $57.7 million compared to $54.4 million for the comparable period in prior year.” (CFO Eheli) “Operating cash used during the first quarter was $47 million.” (CFO Eheli) “CapEx in the first quarter was $13 million compared to $15 million in the prior year period.” (CFO Eheli) “Free cash flow was negative $60 million with… net debt at quarter end of $441 million and a leverage ratio of 4.3x.” (CFO Eheli) “We recorded nonrecurring restructuring expense of approximately $25 million… the vast majority, approximately $23 million was noncash.” (CFO Eheli) Q&A “Could y...