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Rupee hits all-time low of 95.74 vs USD as outflows wipe comfort from gold duty hike

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Rupee hits all-time low of 95.74 vs USD as outflows wipe comfort from gold duty hike
The rupee extended its losing run on Wednesday to hit an all-time low as ‌persistent outflows on ⁠account ⁠of overseas debt repayments and importer hedging demand wiped the modest comfort the currency drew from a hike in ⁠duties on ‌precious metal imports.

The rupee declined 0.1% ⁠to 95.7450 per dollar, edging past its previous all-time low of 95.7375 hit on Tuesday. A sustained spike in energy prices due ‌to the U.S.-Iran war has clouded India’s macroeconomic outlook by ⁠stressing India’s external sector. Economists have marked down growth forecasts for the economy, lifted inflation projections and are forecasting persistent pressure on the rupee.

More to come…

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B&G Foods, Inc. (BGS) Q1 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Operator

Good day, and welcome to the B&G Foods, Inc. First Quarter 2026 Financial Results Conference Call. Today’s call, which is being recorded, is scheduled to last about 1 hour, including remarks by B&G Foods management and the question-and-answer session. I would now like to turn the call over to AJ Schwabe, Senior Associate, Corporate Strategy and Business Development for B&G Foods. AJ, please go ahead.

AJ Schwabe
Senior Associate of Corporate Strategy & Business Development

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Good afternoon, and thank you for joining us. With me today are Casey Keller, our Chief Executive Officer; and Bruce Wacha, our Chief Financial Officer. You can access detailed financial information on the quarter in the earnings release we issued today, which is available at the Investor Relations section of bgfoods.com.

Before we begin our formal remarks, I need to remind everyone that part of the discussion today includes forward-looking statements. These statements are not guarantees of future performance, and therefore, undue reliance should not be placed upon them. We refer you to B&G Foods’ most recent annual report on Form 10-K and subsequent SEC filings for a more detailed discussion of the risks that could impact our company’s future operating results and financial condition.

B&G Foods undertakes no obligation to publicly update or revise

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Why Patients Fly from All Over the World to See Dr. Andrew Jacono

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Why Patients Fly from All Over the World to See Dr. Andrew Jacono

The waiting list at Dr. Andrew Jacono’s Park Avenue practice includes patients from Europe, the Middle East, Latin America, and Asia. They are not traveling to New York for a lack of options in their home countries.

They are traveling because the extended deep-plane facelift technique Dr. Jacono developed and published has become one of the most referenced approaches in facial plastic surgery.

A Technique That Moved Through the Field

Dr. Andrew Jacono, a dual board-certified facial plastic and reconstructive surgeon, developed the Minimal Access Deep-Plane Extended (MADE) facelift in the early 2000s. The procedure lifts skin, muscle, and fat as a single cohesive unit rather than separating the skin from the tissue beneath it, then releasing the retaining ligaments that hold facial structures in their descended positions. The result is a vertical repositioning of the midface, jawline, and neck, addressing the structural causes of aging rather than its surface appearance.

Vogue Turkey, covering the procedure’s anatomy in April 2026, noted that Dr. Jacono is considered worthy of the “Deep Plane King” nickname among his colleagues. His own explanation of the approach is direct: “This procedure focuses on freeing and repositioning deep muscle and fat layers, rather than stretching the skin.” The publication reported that by working in the natural anatomical layers of the face, “pain and healing process is more comfortable than expected in most cases.”

That technical precision has earned peer endorsement at the highest levels of the surgical community. Dr. Gregor Bran, a facial plastic surgeon, described Dr. Jacono’s influence in a widely circulated Instagram reel: “He is the reason everybody’s talking about Deep Plane facelift surgery. He has taught everybody who is good everything he knows… not one person in the presentations didn’t have a picture with Andrew visiting Andrew at some point in their careers.”

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What Draws Patients Across Borders

The clinical data behind the technique is part of what draws international patients to consult with Dr. Andrew Jacono directly. His first published series, documented in Aesthetic Surgery Journal in 2011, covered 153 patients and established the foundational outcomes for the approach. A 2019 follow-up publication introduced further refinements for jawline rejuvenation and lower-face volumization. He now performs approximately 250 deep-plane facelifts annually at his Manhattan practice.

Results from the extended deep-plane facelift last 12 to 15 years, roughly twice as long as standard SMAS procedures, because the deeper tissue repositioning holds its structure over time rather than relying on surface tension that gradually loosens. Key factors affecting that longevity include technique, lifestyle, skin quality, and care.

The patient base reflects the procedure’s reach. Dr. Jacono has been featured in The New York Times, Forbes, Harper’s Bazaar, Marie Claire, and The Wall Street Journal, among others. He has appeared on Good Morning America, CNN, and CNBC. His 2019 consumer book, The Park Avenue Face, brought his surgical philosophy to a general readership, and his 2021 medical textbook, The Art and Science of Extended Deep Plane Face Lifting, documented his technique for surgical peers worldwide.

Recognition That Extends Beyond New York

Dr. Andrew Jacono has delivered lectures at Harvard, Yale, Stanford, Columbia, and the University of Pennsylvania, and has presented clinical research and conducted live surgery at more than 100 plastic surgery meetings and symposiums globally, including those hosted by the International Master Course on Aging Skin (IMCAS), the European Academy of Facial Plastic Surgery (EAFPS), and the International Society of Aesthetic Plastic Surgery (ISAPS).

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His academic role as Fellowship Director for the American Academy of Facial Plastic and Reconstructive Surgery has extended his influence further. Dr. Andrew Jacono has served for most of his career in that position, training Fellows from the AAFPRS in advanced techniques, which means surgeons working in practices across the country and internationally carry his methodological approach forward in their own operating rooms.

Harper’s Bazaar named him among the 24 best plastic surgeons in America. He has received the Most Compassionate Doctor Award consecutively from 2012 to 2022, an honor given to fewer than 3% of physicians.

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Hopes for 5,000 North East jobs in AI are the ‘absolute minimum’, regional leader says

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A meeting in Newcastle has heard that the country’s first AI Growth Zone in the North East could bring thousands of jobs and billions of pounds in investment

AI event at Atom Bank in Newcastle

AI event at Atom Bank in Newcastle(Image: Software City)

A target for the North East AI growth zone to create 5,000 jobs and attract £30bn in private investment should be the “absolute minimum”, a leading official in the region has said.

Rob Hamilton, assistant director for economic strategy and innovation at the North East Combined Authority, made the confident claim as the new Government body to support companies in artificial intelligence – Sovereign AI – held its first roadshow in Newcastle yesterday.

The Government created the UK’s first AI growth zone in the North East last September, with other areas following in Scotland, Wales and Oxfordshire. It is hoped each area will accelerate the use of AI to boost local economies, as well as increasing skills in the technology for young people.

Mr Hamilton – speaking at Newcastle’s Pattern Shop, once part of the Stephensons’ railway works and now the home of Atom Bank – said he was “delighted” with the progress made on the North East growth zone in recent months, including work on data centres at Cambois and Cobalt.

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He said the North East was better placed to have the energy needed for those data centres, which would lead to the region having nationally important assets to help greater adoption of AI.

He said: “In terms of the outcomes, it’s pretty simple really: it’s about jobs, it’s about productivity growth, it’s about engaging with young people, it’s about rising skills and it’s about growing tech businesses in the region.”

Mr Hamilton added that a fully worked-up plan for the growth zone would be produced in the coming months and that “getting on with it” had been the message from the Government and North East mayor Kim McGuinness.

The region is benefiting from a £10bn investment from global financiers Blackstone into a massive data centre at Cambois, near Blyth, which it is hoped will attract more technology businesses to the region. But plans for a second centre at Cobalt were dealt a blow when global AI firm OpenAI said its plans for investing in the UK were being shelved until the “right conditions” allow for long-term investment in the UK’s infrastructure.

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Yesterday’s meeting also heard from Will Bushby, ventures lead at Sovereign AI, the new body that has been set up to invest in UK AI companies in an effort to keep the country at the forefront of adoption of the new technology. He said the organisation was “looking to back world leading companies”, particularly firms that were taking artificial intelligence into new areas.

Answering a question from BusinessLive, he had to admit that all three of the organisation’s investments to date had been into London firms, a pattern seen with other Government efforts to boost business growth and innovation. He said that “we want to invest in the best companies wherever they are in the UK” and that, as a native of Leeds, he was “passionate” about supporting companies around the UK.

Separately, 30,000 primary school children in the North East are to gain AI and digital tech skills and 1,000 teachers will be helped to teach AI thanks to new funding from North East mayor Kim McGuinness. The skills drive will see a £750,000 investment from the North East Combined Authority and £1.5m from the Government.

Science and Technology Secretary Liz Kendall said: “The North East is already showing how AI can deliver for working people, with billions of pounds invested and thousands of new jobs on the way, as businesses and government work together to make the region a leader in Britain’s AI future. We’re investing in that progress for the long term. By giving young people the AI skills they need, supporting start-ups and acting to bring more women into tech we can keep talent and opportunity in the North East.

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Ms McGuinness said: “The North East is the one to watch when it comes to cutting-edge tech and AI as we work to make sure everyone benefits from our AI growth zone. We’re already working closely with local employers, training providers and schools to make the North East the best place to live, work and thrive when it comes to tech.

“But we know we need to go further to make sure local people really benefit from more opportunities than ever before. That’s why we’re investing in training so our young people can make the most of the exciting opportunities around AI and working with some of the region’s brightest companies to support more women and girls in the tech sector.”

Like this story? For more news from the tech sector, visit our dedicated page for the latest news and analysis here.

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Arafura locks in funding, US offtake for Nolans

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Arafura locks in funding, US offtake for Nolans

Arafura expects to lock in an FID for its rare earths play before June 30.

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Manappuram Finance, IIFL Finance, other stocks rally up to 11% as gold prices soar after import duty hike

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Manappuram Finance, IIFL Finance, other stocks rally up to 11% as gold prices soar after import duty hike
The shares of gold-financiers Manappuram Finance, Muthoot Finance and IIFL Finance rallied up to 11% on Wednesday as gold prices jumped following the government’s move to hike import duty on the precious metal to 15%.

The government introduced the import duty hike in order to stop the rupee’s free fall and moderate non-essential imports during a period of heightened global uncertainty linked to the Iran-US conflict, which continues to keep oil prices elevated above the $100 per barrel mark.

In the domestic market, MCX gold futures for June expiry jumped Rs 11,055 or more than 7% to Rs 1,64,497 per 10 grams today. The contracts with August and October expiries also surged more than 6% each.

The move came after Prime Minister Narendra Modi on Sunday urged citizens to reduce purchases of non-essential gold over the next one year. Speaking at Hyderabad’s Secunderabad, Modi said that the move could help reduce the pressure on foreign exchange reserves and imports.

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“India continues to remain the world’s second-largest consumer of gold after China, with demand primarily driven by the jewellery industry…Higher duties are expected to reduce precious metal imports, support the rupee, and help narrow the trade deficit,” said Sumit Singhania, Research Head at Bajaj Broking.

Why are gold financier stocks rallying today?

Manappuram Finance, Muthoot Finance and IIFL Finance provide loans with gold as collateral. Rising gold prices will increase the value of the pledged collateral. Since gold loans are sanctioned based on the per-gram valuation of gold, higher prices can allow borrowers to access a higher loan amount without pledging additional jewellery, which in turn boosts demand.
IIFL Finance shares rallied nearly 11% to trade at Rs 493.20 apiece on Wednesday, the highest level since the end of February. Notably, the company said it has adequate factual and legal grounds to substantiate its position and does not expect any material impact on its financials or operations after Mumbai’s IT authority sent a tax demand notice for nearly Rs 476 crore.
Muthoot Finance shares jumped over 4% while Manappuram Finance shares surged around 5% on Wednesday. “Gold financing firms, including Muthoot Finance and Manappuram Finance, are likely to benefit from higher collateral values of gold loans,” said Sumit Singhania from Bajaj Broking.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Top 5 Gainers Lead Rally as Commodities Surge on May 13

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Tesla's robotaxi launch in Texas comes as Elon Musk focuses on his business ventures following his stint in Washington

LONDON — The FTSE 100 pushed higher Wednesday as mining stocks and specialist services firms dominated the leaderboard, with Intertek Group leading gains amid strong sector rotation toward commodities and industrial testing services.

By mid-morning on May 13, 2026, the blue-chip index had climbed around 0.5% to trade near 10,318, extending recent momentum. Mining heavyweights benefited from firm metal prices, while testing and certification leader Intertek surged on positive sentiment and possible contract momentum.

Here are the top five FTSE 100 gainers on the session:

1. Intertek Group (ITRK) — Up more than 6.7% to around 5,660 pence. The quality assurance and testing services provider saw its shares jump sharply, adding over 360 pence. Investors appeared to reward the company’s diversified global operations and resilience in industrial and consumer testing segments.

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2. Metlen Energy & Metals — Advanced roughly 4.1% to 39 pence. The diversified energy and metals group continued to attract buyers on commodity strength and operational updates.

3. Anglo American — Rose nearly 3.8% to 4,045 pence. The diversified miner gained as copper and other industrial metals held firm amid global demand signals from Asia and infrastructure spending expectations.

4. Antofagasta — Climbed about 3.5% to 4,094 pence. The Chilean copper producer benefited from the same tailwinds lifting peers, with copper prices supported by supply concerns and long-term electrification trends.

5. Rio Tinto — Gained around 3% to 8,155 pence. The Anglo-Australian mining giant rounded out the top performers, riding higher iron ore and copper sentiment.

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These moves highlight the FTSE 100’s heavy exposure to global commodities. Miners often lead or lag the index based on metal price cycles, and Wednesday’s action reflected renewed optimism in the resources sector.

Intertek’s outsized gain stood out in a session otherwise dominated by resource names. The company provides testing, inspection and certification across industries from oil and gas to pharmaceuticals and consumer goods. Analysts note steady demand for its services amid regulatory tightening and quality focus worldwide. Recent trading updates have shown resilience despite macroeconomic uncertainties.

Mining stocks’ performance tied directly to commodity markets. Copper prices remained elevated due to ongoing supply disruptions in key producing regions and expectations of increased demand from renewable energy and electric vehicles. Anglo American and Antofagasta, with significant copper exposure, have been standout performers in 2026 so far.

Rio Tinto, a major iron ore player, also drew support from steel demand indicators in China and elsewhere. The sector’s rebound comes after periods of volatility linked to global growth concerns and trade dynamics.

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Broader market context showed selective buying. Energy stocks like BP and Shell traded modestly higher earlier but were not in the top tier Wednesday. Defensive names and financials saw mixed fortunes as investors weighed geopolitical developments and UK domestic data.

The FTSE 100’s year-to-date performance in 2026 has been solid, driven by international revenue exposure. Dividend yields remain attractive, and the index has often outperformed more tech-heavy peers during periods of uncertainty. Mining and energy names have contributed significantly to returns alongside insurers like Beazley and asset managers like Schroders.

Commodity analysts point to structural factors supporting prices. The global energy transition requires vast amounts of copper, nickel and other metals, while iron ore benefits from infrastructure cycles. Supply constraints, including labor issues and permitting delays, add upward pressure.

For Intertek, the rally may reflect relief after any prior weakness or anticipation of strong interim results. The firm operates in over 100 countries, providing a hedge against regional slowdowns. Its services are essential rather than discretionary, supporting steady cash flows.

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Market watchers note rotation patterns. After earlier strength in defensives and banks, capital flowed into cyclicals on signs of stabilizing growth. However, caution persists around inflation, interest rates and Middle East tensions that could impact energy and transport costs.

Trading volume was healthy in the gainers, indicating genuine interest rather than thin-market moves. Anglo American and Antofagasta saw solid turnover alongside Intertek. This breadth suggests conviction among institutional buyers.

Looking ahead, analysts will monitor upcoming corporate results and macroeconomic releases. Earnings from major miners later in the season could validate recent share price strength. For Intertek, any contract wins or margin improvements would further underpin sentiment.

The top gainers’ performance underscores the FTSE 100’s diversified nature. While technology and growth stocks dominate headlines elsewhere, London’s market offers exposure to real assets and essential services. This mix appeals to income-focused and value-oriented investors globally.

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Challenges remain for the broader index. A stronger pound could pressure exporters, while persistent geopolitical risks might cap enthusiasm. Domestically, political and fiscal developments continue to influence gilt yields and borrowing costs.

Despite these factors, Wednesday’s movers demonstrated resilience. Miners’ gains reflect confidence in commodity supercycle elements, while Intertek’s surge highlights opportunities in non-cyclical industrial services.

Investors considering exposure to these names should weigh sector-specific risks. Mining stocks face operational, regulatory and environmental challenges, while testing firms navigate competitive landscapes and client spending cycles. Diversification via ETFs tracking the FTSE 100 or resources sub-sectors remains popular.

As the trading day progresses, focus will shift to whether early gains hold into the close. Follow-through buying could push the index toward recent highs, while profit-taking might temper advances. Corporate news flow and commodity price ticks will likely dictate direction.

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The session’s top five gainers encapsulate current market themes: commodity strength and quality industrial plays. In an uncertain global environment, these FTSE 100 constituents offer compelling narratives for investors seeking both growth and income potential.

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Meghan Markle Feels ‘Ashamed’ of Ailing Father Thomas Despite Health Crisis, Royal Expert Claims

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Harry and Meghan saw their negative ratings with the British public fall further after the programmes

LONDON — Royal commentator Hugo Vickers has suggested that Meghan Markle may feel “ashamed” of her estranged father, Thomas Markle, fueling ongoing speculation about the fractured family relationship even as the 81-year-old recovers from a serious health setback.

Vickers, a prominent royal historian and biographer, raised the possibility during a recent appearance on GB News. Speaking on May 9, 2026, he described it as one explanation for the continued silence between Meghan and her father, who underwent leg amputation surgery late last year and has since returned to the United States.

“I raise it as a possibility,” Vickers said, adding that he believes shame over past events might prevent reconciliation. “He was good to her when she was growing up. If you listen to what he says… you will find a decent man who must feel extremely let down.”

Thomas Markle, a retired lighting director who lives in Mexico but sought medical treatment in the Philippines, has faced declining health. Reports indicate he underwent amputation due to complications, spent time in rehabilitation, and recently returned to the U.S. Despite these challenges, sources close to the situation say Meghan, 44, has no immediate plans to visit or deepen contact.

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The Duchess of Sussex’s team confirmed in December 2025 that she sent a letter to her father after his surgery, delivered through trusted contacts amid media scrutiny. A spokesperson cited difficulties contacting him privately due to a Daily Mail reporter’s presence at his bedside, describing it as an “unethical breach.” Thomas has publicly acknowledged receiving correspondence but maintains the relationship remains distant.

The father-daughter rift dates back to the days before Meghan’s 2018 wedding to Prince Harry. Thomas was photographed preparing for staged paparazzi pictures, an episode he later described as a mistake. He has spoken repeatedly in interviews about his desire to meet grandchildren Archie and Lilibet, whom he has never seen in person.

Vickers’ comments come as Thomas has found new companionship. In March 2026, the elder Markle revealed he is dating Rio Canedo, a 46-year-old Filipino nurse he met during recovery. The 35-year age gap has drawn attention, but Thomas described feeling “truly blessed” and at peace. He returned to the U.S. in early May after an emotional separation from Canedo in the Philippines.

Royal watchers note the contrast between Meghan’s public image as a devoted mother and family advocate and her private family dynamics. Critics argue the lack of outreach during Thomas’s health struggles undermines her brand, particularly as she promotes lifestyle projects and maintains her Duchess of Sussex title.

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“Thomas Markle must feel extremely let down following the break-up of his family,” Vickers emphasized. The expert pointed to Meghan’s apparent reluctance to introduce her father to Harry or the children as potential evidence of deeper embarrassment.

Meghan has previously described her father as having betrayed her trust by speaking to the press. In the couple’s 2021 Oprah interview and the Netflix series “Harry & Meghan,” she detailed feeling let down by family members on both sides. Thomas, for his part, has alternated between pleading for contact and expressing frustration in media appearances.

Recent reports paint a picture of no imminent reconciliation. Insiders told Radar Online that Meghan has “no plans to see her estranged father despite his ill health,” calling it potentially “one of the most brutal family moves” she has made. Thomas continues living independently in Mexico when not seeking treatment abroad.

The saga has played out publicly for years. Thomas missed the royal wedding due to health issues and the paparazzi controversy. Subsequent attempts at communication, including letters and calls, have reportedly failed to bridge the gap. He has criticized some of Meghan’s choices while insisting the door remains open.

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Royal author and commentator Lady Colin Campbell has echoed sentiments that Meghan may have strategically distanced herself, viewing her father as not fitting the image she sought to project. Other observers suggest class or cultural perceptions play a role, with Thomas’s working-class background and straightforward demeanor clashing with royal-adjacent expectations.

Despite the tension, Thomas has built a life post-health scare. His relationship with Canedo brought moments of happiness after a difficult period involving hospitalization and surgery. Friends describe him as resilient, though lonely at times without family nearby.

Meghan’s representatives have pushed back against narratives of total neglect. The December letter was framed as a genuine outreach effort hampered by external interference. However, Thomas’s continued media interviews suggest he feels the gesture was insufficient for full reconciliation.

Experts analyzing the situation from a branding perspective warn that the ongoing feud could harm Meghan’s public image. Kinsey Schofield, host of a royal-focused YouTube channel, noted in late 2025 that Meghan’s push for a “wholesome family-oriented brand” contrasts with the visible estrangement.

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The couple’s life in Montecito, California, centers on their children, business ventures like Archewell, and Meghan’s lifestyle initiatives. Harry has spoken of his own family estrangements, primarily with his father King Charles and brother Prince William, but has not directly addressed Meghan’s side in recent years.

Public opinion remains divided. Supporters of the Sussexes view Thomas’s media engagements as opportunistic and blame tabloid pressure for the rift. Critics accuse Meghan of coldness, especially given Thomas’s age and health vulnerabilities. Social media amplifies both sides, with hashtags and debates trending regularly.

Vickers stopped short of definitive judgment, framing shame as one hypothesis among others. He highlighted Thomas’s positive role in Meghan’s upbringing as a “daddy’s girl,” suggesting the current distance represents a significant emotional break.

As Thomas settles back in the U.S., questions linger about whether health concerns or time will prompt a meeting. Reports indicate no travel plans from Montecito to visit him, and his new relationship may provide personal support independent of his daughter.

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The Markle family drama extends beyond father and daughter. Half-siblings Samantha and Thomas Jr. have also made public statements, often critical, adding layers to the narrative. Meghan has described her extended family dynamics as complicated long before royal life.

For now, the possibility raised by Vickers resonates with many royal observers. Whether rooted in shame, past betrayals, or irreconcilable differences, the estrangement persists despite opportunities for healing. Thomas Markle, recovering and finding new chapters, continues to express hope tempered by resignation.

Meghan Markle has built a post-royal identity focused on independence and forward momentum. Yet the unresolved paternal relationship remains a persistent shadow, periodically reignited by health updates and expert commentary. As both navigate their separate lives, the prospect of reconciliation appears distant, leaving observers to speculate on the emotional cost to all involved.

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SPYV: Value Lags, But Mitigates Risk In Market Downturns (NYSEARCA:SPYV)

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SPYV: Value Lags, But Mitigates Risk In Market Downturns (NYSEARCA:SPYV)

This article was written by

Fred Piard, PhD. is a quantitative analyst and IT professional with over 30 years of experience working in technology. He is the author of three books and has been investing in data-driven systematic strategies since 2010. Fred runs the investing group Quantitative Risk & Value where he shares a portfolio invested in quality dividend stocks, and companies at the forefront of tech innovation. Fred also supplies market risk indicators, a real estate strategy, a bond strategy, and an income strategy in closed-end funds. Learn more.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMZN, XOM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Potential Destinations and Blockbuster Scenarios

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Kevin Durant

HOUSTON — Kevin Durant’s future with the Houston Rockets has become one of the hottest topics in the NBA as the 37-year-old superstar’s team suffered a disappointing first-round playoff exit, sparking widespread speculation about a potential trade this offseason despite the franchise’s reported reluctance to move him.

Durant joined the Rockets in a massive blockbuster deal from the Phoenix Suns in July 2025, marking one of the largest trades in league history involving multiple teams, players and draft assets. The move was intended to provide veteran leadership and scoring punch to a young, rising Rockets core featuring players like Alperen Şengün and Amen Thompson. However, Houston’s early postseason departure has fueled debate over whether Durant remains the ideal fit or could serve as a valuable trade chip for further roster upgrades.

While insiders emphasize that the Rockets hold “no immediate intention” of trading Durant this summer, the veteran forward’s expiring contract elements and the team’s competitive timeline have kept his name prominent in rumor circles. Multiple outlets have floated hypothetical packages, with interest reportedly coming from several contending and rebuilding teams.

Potential Landing Spots and Trade Scenarios

Miami Heat: One of the most frequently discussed destinations, the Heat could pursue Durant to pair with Jimmy Butler and Bam Adebayo for a veteran-heavy title push. Proposed packages often center on Tyler Herro as the headliner, along with young talent like Nikola Jović and future picks. Miami’s culture of development and championship pedigree could appeal to Durant, though salary matching and asset value remain hurdles.

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Portland Trail Blazers: Scenarios involving the Blazers have gained traction, with packages built around Jerami Grant, Shaedon Sharpe and draft capital. Portland could view Durant as a short-term star to accelerate their contention window alongside existing pieces, providing mentorship while chasing playoff success.

Detroit Pistons and Orlando Magic: Eastern Conference teams like the Pistons and Magic have been linked in more speculative talks. Detroit’s young core and Orlando’s defensive identity could theoretically complement Durant’s scoring, though such deals appear less likely given the teams’ current trajectories and reluctance to part with key assets.

Other Contenders: Names like the Los Angeles Clippers, Milwaukee Bucks, New York Knicks and Minnesota Timberwolves have surfaced in broader discussions. Some analysts suggest the Rockets might keep Durant and instead pursue even bigger moves targeting stars like Giannis Antetokounmpo or Kawhi Leonard, using his presence as leverage.

Why Trade Rumors Persist

Durant’s age and injury history played roles in Houston’s playoff struggles, with the forward missing games due to ankle and knee issues. While he delivered strong regular-season production, questions remain about his long-term fit alongside a young roster still developing chemistry. The Rockets’ front office, led by Rafael Stone, must weigh whether retaining Durant accelerates contention or if reallocating his salary and value better serves the franchise’s future.

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Durant, a 15-time All-Star and four-time scoring champion, carries a player option and significant trade value. His elite scoring, length and basketball IQ remain unmatched, making him an attractive target despite the mileage. However, teams must consider luxury tax implications and the need for supporting pieces to maximize his impact.

Rockets’ Stance and Strategic Outlook

Recent reporting indicates Houston prefers to build around Durant rather than move him immediately. The organization sees him as a mentor and closer who can elevate the young core. Offseason priorities likely include adding complementary talent through free agency and the draft while addressing depth and defensive versatility.

If a trade does materialize, it would likely require a substantial return of young talent, future picks and salary relief. The Rockets have draft assets and flexibility but would be cautious not to dismantle their promising foundation.

Broader NBA Implications

A Durant move would reshape multiple rosters and spark a chain reaction across the league. Teams acquiring him would gain instant playoff elevation, while Houston could accelerate its rebuild or retool for sustained contention. The situation also highlights the challenges of integrating aging superstars with developing groups in today’s parity-driven NBA.

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Durant has a history of impactful trades, from Oklahoma City to Golden State, Brooklyn, Phoenix and now Houston. His next chapter could define the final years of a Hall of Fame career that already includes two championships and Olympic gold.

As the 2026 NBA Draft and free agency approach, all eyes remain on Houston’s decision-making. While no deal appears imminent, the rumor mill will continue churning until clarity emerges. For now, Kevin Durant remains a Rocket, but the possibility of another destination keeps fans and executives speculating about one of the league’s most accomplished scorers.

The coming weeks promise more developments as teams position themselves for what could be a transformative offseason. Whether Durant stays to chase a title in Houston or finds a new home elsewhere, his presence will continue influencing NBA narratives and roster construction across the league.

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European shares rise as fragile US-Iran ceasefire holds, oil eases

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European shares rise as fragile US-Iran ceasefire holds, oil eases


European shares rise as fragile US-Iran ceasefire holds, oil eases

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