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Trump announces gas discounts in Philadelphia ahead of Fourth of July

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Automakers trade group urges feds to scrap gas tax, replace it with vehicle weight fee

President Donald Trump on Wednesday announced that fuel prices will be lowered at select gas stations in the Philadelphia area just ahead of the Fourth of July holiday, as he boasted that oil and gas prices are dropping.

On Friday, Freedom Fuel Network will be lowering gas prices at 25 stations across the Greater Philadelphia Area, according to Trump.

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“As we approach America’s 250th Birthday, I am pleased to announce that a VERY smart Retailer, located throughout the Northeast, is stepping up, and wishing the People of Philadelphia a ‘Happy Birthday!’” Trump wrote on Truth Social.

Trump said Freedom Fuel Network is “taking the lead” and urged other retailers to follow.

BESSENT WARNS GAS STATIONS ‘WE’RE WATCHING’ AS TRUMP DEMANDS IMMEDIATE PRICE CUTS

President Donald Trump in the Oval Office.

President Donald Trump on Wednesday announced that fuel prices will be lowered at select gas stations in the Philadelphia area. (Samuel Corum/Sipa/Bloomberg via Getty Images / Getty Images)

“They are doing this because they love the U.S.A. We are proud to celebrate America’s 250th Birthday in the Great Commonwealth of Pennsylvania, the Birthplace of our very special, one-of-a-kind Declaration of Independence,” he wrote.

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“America has never been stronger than it is now, and Gas Prices will soon be back to the Record Low Prices Americans enjoyed at the pump before our very successful ‘excursion’ in Iran. Happy Birthday America!” the president continued.

He said that fuel prices are dipping, but not at the rate he would like to see.

“Just as I promised, Oil Prices are plummeting FAST, and Gas Prices at the pump are dropping too, but not as fast as they should be,” Trump said.

A view of a gas pump at a Sunoco station

Freedom Fuel Network will be lowering gas prices at 25 stations across the Greater Philadelphia Area on Friday. (Al Drago/Bloomberg via Getty Images / Getty Images)

This comes after the president demanded on Monday that gasoline retailers lower their prices “IMMEDIATELY!” Last week, he threatened a federal price-gouging investigation against them.

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Trump argued in his Monday post that gas prices are still “too high” despite a dip in crude oil futures to near levels seen before the recent U.S.-Israeli conflict with Iran, and urged retailers to target an average gas price of around $2.50 per gallon, which would be less than the roughly $3-per-gallon national average seen before the conflict, depending on the date and source.

“Gasoline Retailers must get their Prices down, IMMEDIATELY! They’re too high considering that Oil is now at $68 a Barrel, and heading south. The Retailers must quickly react to this statement, and do what they know is right — DROP YOUR PRICE FOR OUR GREAT AMERICAN PEOPLE! There will be no gauging, which is totally illegal. If Retailers don’t do this, big problems lie ahead!” he said on Monday.

“Start targeting around the $2.50 a Gallon number, and California should stop charging such heavy Taxes on their Gasoline. Soon the Tax will be higher than the Product itself, and the United States will not stand for it, nor will the People of California, who are being abused by these ridiculous Taxes, and by their own Government,” he added.

TRUMP ALLEGES GAS PRICE GOUGING, CALLS FOR DOJ INVESTIGATION

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Rising gas prices

The president has demanded that gasoline retailers lower their prices “IMMEDIATELY!” (Celal Gunes/Anadolu Agency via Getty Images / Getty Images)

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California Gov. Gavin Newsom’s press office responded to Trump’s post on Monday by blaming the president for high fuel prices.

“REMINDER of what Trump said on March 12: ‘When oil prices go up, we make a lot of money,’” the governor’s press office wrote.

In another post, the press office wrote: “The GOP-enabled Iran war has now forced a growing $63 billion in extra fuel costs on Americans nationwide — that $243.14 per California household so far this year.”

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The current national average for gas is $3.847 per gallon, with some states such as California exceeding $5 per gallon, according to AAA. AAA listed California’s average at $5.414 per gallon and Pennsylvania’s average at $3.986 per gallon on Wednesday.

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How iPakket and Ride by iPakket Are Helping Shape the Future of Urban Mobility

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How iPakket and Ride by iPakket Are Helping Shape the Future of Urban Mobility

For more than 25 years, Juan Sebastian Palomo Murga has built companies that solve real-world challenges across infrastructure, logistics, technology, and financial services.

Today, much of that focus is centered on creating smarter transportation solutions through iPakket and Ride by iPakket.

Rather than viewing mobility as a single service, the companies are building an ecosystem that combines logistics, technology, and shared transportation to make moving people and goods more efficient. As Ride by iPakket continues expanding its carsharing services, the goal remains simple: provide practical, technology-driven solutions that improve accessibility and convenience for individuals and businesses alike.

In this interview, Juan Sebastian discusses the thinking behind the companies’ evolution, the future of shared mobility, and why innovation should always begin with solving everyday problems.

What inspired the expansion from logistics into shared mobility?

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As we continued growing iPakket, we saw transportation becoming more connected. Logistics, deliveries, and personal mobility are all part of the same ecosystem. Technology gives us the opportunity to connect those services in ways that make transportation simpler and more efficient.

That is what led to Ride by iPakket. We wanted to create a platform that gives people more flexible transportation options while using technology to improve the overall experience.

What makes carsharing an important part of the future of transportation?

Many people are rethinking traditional car ownership, especially in urban areas. They want access to reliable transportation without the long-term costs and responsibilities that come with owning a vehicle.

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Carsharing offers flexibility while making better use of existing resources. When supported by the right technology, it becomes a practical solution for both consumers and cities looking to improve mobility.

We believe transportation should be available when people need it, without unnecessary complexity.

How does technology support the Ride by iPakket experience?

Technology is the foundation of everything we build.

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Customers expect transportation to be simple. They want to locate vehicles quickly, complete reservations easily, and have confidence that the service will be reliable. Behind that experience is a significant amount of technology working to improve efficiency, security, and convenience.

For us, technology is not about adding features. It is about removing friction from the customer experience.

How does your experience in infrastructure influence your approach to building technology companies?

Infrastructure taught me that every successful project begins with strong planning and disciplined execution.

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Whether you are building roads, managing large construction projects, or developing mobility platforms, success depends on creating systems that people can trust. That mindset continues to guide how we grow iPakket and Ride by iPakket.

The industries may be different, but the importance of reliability never changes.

What role does innovation play across your companies?

Innovation only matters if it improves people’s lives.

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Our goal is not to introduce technology simply because it is new. We focus on solutions that help customers save time, simplify transportation, and improve access to services.

As we continue expanding, we are also exploring additional technologies and strategic acquisitions that strengthen the broader ecosystem connecting logistics, mobility, and digital services.

How do you see urban mobility evolving over the next decade?

Cities will continue looking for smarter ways to move people efficiently.

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I believe we will see greater adoption of shared transportation, connected mobility platforms, and digital services that allow users to manage multiple transportation options through a single experience.

Companies that can integrate technology with convenience will be well-positioned to meet those changing expectations.

How do sustainability and social responsibility fit into your business strategy?

A responsible business should always consider long-term impact.

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Shared mobility has the potential to improve how transportation resources are used while giving more people access to flexible travel options. Beyond our commercial activities, we continue supporting initiatives that expand access to clean energy in underserved communities throughout Central America because infrastructure and energy both create opportunities for economic growth.

We also continue supporting organizations that promote human rights because strong communities are essential to sustainable development.

What do you hope people associate with iPakket and Ride by iPakket in the years ahead?

I hope they see companies that consistently solve real problems.

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Our focus has always been on building practical solutions that people can depend on. Whether that means improving logistics, expanding shared mobility, or developing new technology, success comes from creating value that lasts.

If customers think of iPakket and Ride by iPakket as companies that deliver reliable innovation while keeping people at the center of every decision, then we will have accomplished what we set out to do.

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The Asset-Backed Advantage Offered by Mercan Group of Companies

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Nowadays, we deal with the ever-changing financial landscape. Thus, businessmen and entrepreneurs need to come up with various ways not just to grow but secure their assets.

Today, things change fast in the world of investing. People with a lot of money now want ways to grow what they own, but they also want to feel safe.

The way to grow your money is not just by buying stocks, bonds, or real estate anymore. Investors these days want options that feel real and add clear value to their lives, while also helping with their bigger money plans and how they want to live.

This is where Mercan Group gives you something different. The group connects investor visa programs with real-life hotels through Mercan Properties. This way, you get chances that are not like other investment plans. Instead of putting your money into things you can’t see or touch, you can put it into hotels that are running right now. These hotels are backed by world-renowned brands. You can be a part of these projects, too.

This mix of asset-backed investment and ways to get residency has made Mercan a trusted name for people who want global movement and feel good about their money in the long run.

Why Focus on Asset-Backed Investments

Investments that are backed by real things still bring in people who want to invest. These types of investments are tied to projects you can see and feel, and they are active in the real world of money. Unlike deals that are just about taking a chance, these have a base in real things that help with keeping money plans steady for a long time.

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Properties works on building hotel projects. These projects help create many chances for people to invest in the company’s programs. The company sets up these places for people who travel for fun or work. At the same time, these projects let people who invest get into a big business field.

Many people like to know that their money goes into building and running real hotel places, not just money deals. This makes it easy for them to feel sure about where their money is and helps them have many ways to grow their money.

How Connects Investors to Luxury Hotel Developments

A key part of Mercan’s way of working is to connect hotel buildings with chances for investment migration. With Properties, people give money that is then used to build and run top hotels in good spots.

These projects are linked to some of the most well-known hotel brands around the world. People know them for their skill in running hotels, high quality, and being trusted everywhere. When top hotel companies work together on this, they use tried-and-true ways to manage things the right way. They also help these projects get attention from all over the world.

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This way, investors can join projects that are linked to real hotels or places people stay. At the same time, they can work toward getting residency through approved investment programs.

Global Hospitality Partnerships

One thing that makes the model stand out is that it works with well-known and trusted hotel brands.

Here are some examples of hotel groups that people know all over the world:

International Hotel Brand Industry Significance
Hilton Global hospitality leader with extensive international presence
IHG (InterContinental Hotels Group) Diverse portfolio of hotel brands worldwide
Marriott International One of the world’s largest hospitality companies
Holiday Inn Widely recognized hotel brand serving global travelers
DoubleTree by Hilton Premium hospitality brand known for guest-focused experiences

Working with known hotel operators helps build trust in the project. It also helps make sure the hotel runs well for a long time.

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How Supports Smart Wealth Diversification

Modern investors often look for ways to get many benefits from one plan. The model helps with this by offering:

Tangible Asset Exposure

Investments are tied to real hotel projects and not just ideas that you read about or see in theory.

Portfolio Diversification

The hotels and other places to stay can be a good addition to your current investments in different sectors.

Residency Opportunities

Some investment programs can help you move to another country. These can also make it easier for you to travel to other places.

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Professional Development Expertise

Properties is in charge of project development. The team makes sure to focus on good quality. They also look at how well a project can work and if it will last a long time.

Global Brand Associations

Working with well-known hotel brands from around the world helps investors feel more confident about their choice.

Way Stands Out in Investment Migration

When investors look at ways to stay safe, spread out their money, and move around in the world, the interest in asset-backed investments goes up. It uses its skills in building and running hotels, along with plans for helping people move. This makes something special for people from other countries who want to invest.

By bringing together the money from investors and real luxury hotel projects, and working with big brands like Hilton, IHG, and Marriott, mercan group of companies gives people a good way to grow their money in different areas and also get chances for residency. If you want to know more about the investment options or hotel projects from Mercan.

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FAQ

What is an asset-backed investment?

An asset-backed investment is based on real things like hotels or places built for real estate.

What is Mercan Properties?

Properties is a part of the company that works on building hotels. It also gives people a way to invest in these hotel projects.

Why are hotel investments attractive to investors?

They let you get into real-world things and can help you spread out what you own in different ways.

Which hotel brands are associated with Mercan projects?

Projects may have worked with big hotel names such as Hilton, IHG, and Marriott.

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How does Mercan support investment migration?

It brings together good investment chances with help for people on residency and investment migration programs.

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W. R. Berkley: Capital Appreciation Potential From Its Baby Bonds (NYSE:WRB)

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Aflac: An Insurer To Buy After Impressive Q1 Results, Even As Valuation Rises

This article was written by

Arbitrage Trader, aka Denislav Iliev has been day trading for 15+ years and leads a team of 40 analysts. They identify mispriced investments in fixed-income and closed-end funds based on simple-to-understand financial logic.
Denislav leads the investing group Trade With Beta, features of the service include: frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of 1200+ equities, IPO previews, hedging strategies, an actively managed portfolio, and chat for discussion. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in WRB.PR.H over the next 72 hours. 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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Muthoot Finance, Manappuram Finance, other stocks rise up to 5% as gold prices hit Rs 1.48 lakh/10 grams

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Muthoot Finance, Manappuram Finance, other stocks rise up to 5% as gold prices hit Rs 1.48 lakh/10 grams
The shares of gold financiers like Muthoot Finance, Manappuram Finance and IIFL Finance jumped up to 5% on Friday as gold prices jumped back above Rs 1.48 lakh per 10 grams.

Gold futures with August expiry on the Multi Commodity Exchange of India (MCX) gained around Rs 2,288 per 10 grams, or nearly 2%, hitting the day’s high at Rs 1,48,046 per 10 grams. The contracts with October expiry comfortably soared above Rs 1.5 lakh per 10 grams.

Gold hit its highest level since June 23 in the international market, with spot gold rising more than 1% on Friday morning. This came as weaker-than-expected nonfarm payrolls and private payrolls data tempered concerns around inflation and higher-for-longer interest rates.

Why are gold prices rising today?

US job growth slowed sharply in June and payroll gains for the prior two months were revised lower, data released on Thursday showed, pointing to a cooling labour market and prompting financial markets to reduce expectations for a near-term rate hike. The unemployment rate dropped to 4.2% last month from 4.3% in May as workers left the labour force, pushing the participation rate to its lowest level in more than five years.

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Also read: Gold price at Rs 1.47 lakh/10g; silver gains Rs 5,000/kg as US jobs data cools inflation worries. What are experts saying?

“The figures challenged the narrative that the Fed remains on track to hike in the second half of this year,” Reuters quoted Westpac analysts as saying in a research report. The tepid jobs data doused traders’ expectations of an imminent rate hike and raised the odds that the Fed will keep rates on hold until October.Traders are now pricing in a 46.8% probability that the U.S. central bank will keep rates steady at its meeting on September 15 to 16, compared to a 35.8% chance a day earlier, according to the CME Group’s FedWatch tool.


Notably, this boosted gold prices today as higher interest rates typically weigh on non-yielding gold, as they make interest bearing assets more attractive. Silver prices also sharply gained today, rising more than 2% to near its highest level in more than a week.
Also read: Jewellers may be louped in for idle gold mobilisation

Why are gold financier stocks rising today?

Manappuram Finance, Muthoot Finance and IIFL Finance offer loans to its customers 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 will require borrowers to pledge lesser jewellery to access the same loan amount.

What lies ahead?

According to Manoj Kumar Jain of Prithvi Finmart, gold and silver prices are expected to remain volatile in Friday’s session amid fluctuations in crude oil prices, the dollar index and U.S. bond yields.On the MCX, Jain said gold has support at Rs 1,44,400-Rs 1,43,350. The yellow metal will likely find resistance at Rs 1,47,100-Rs 1,48,800 levels, according to the analyst.

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(With inputs from agencies)

(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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Dave Portnoy reveals impact of Bitcoin crash on wealth

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Dave Portnoy reveals impact of Bitcoin crash on wealth

Dave Portnoy says his latest Bitcoin investment has become an expensive lesson in timing, with the Barstool Sports founder revealing he is down millions but still has no plans to sell despite the cryptocurrency’s sharp decline.

Barstool Founder Dave Portnoy

Dave Portnoy opens up about his costly Bitcoin investment, revealing he’s down millions while explaining why he’s continuing to hold. (Jeff Bottari/Zuffa LLC / Getty Images)

Barstool Sports founder and President Dave Portnoy joined FOX Business’ Stuart Varney on “Varney & Co.” to discuss politics, sports and cryptocurrency, where he acknowledged buying Bitcoin near its recent highs and explained why he is continuing to hold the asset through the downturn.

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“Yeah, I got regrets, I bought the thing at $100,000,” Portnoy said. “There’s nothing I’ve been wrong about more than Bitcoin. Every time I sell it, it goes nuclear. Every time I buy it, it tanks.”

Even with the losses piling up, Portnoy said he is staying invested because he believes history has repeatedly worked against him whenever he exits the market. “I’m holding, I’ll hold this thing down to zero,” he said. 

“I’m losing millions to it,” he continued, while acknowledging that selling now would likely mean watching it rebound without him.

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GOP LAWMAKER UNVEILS BILL TO CODIFY A STRATEGIC BITCOIN RESERVE

Portnoy expanded on his complicated history with Bitcoin during a recent appearance on Anthony Pompliano’s “The Pomp Podcast.” He recalled first buying roughly $2 million worth of Bitcoin when it traded around $11,000 after a conversation with Cameron and Tyler Winklevoss, only to sell almost immediately because he did not understand their long-term thesis. Looking back, Portnoy said the decision proved costly as Bitcoin quickly surged, eventually convincing him to re-enter the market at much higher prices.

On the podcast, Portnoy said he still struggles to predict the cryptocurrency’s moves despite years of following it closely. “I don’t know what the hell’s going on with it,” he said when discussing where Bitcoin could go next, adding that he intends to keep holding his position even if it continues to fall.

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TRUMP FINANCIAL DISCLOSURE REVEALS MORE THAN $1B IN CRYPTO INCOME DURING FIRST YEAR BACK IN OFFICE

Portnoy’s comments underscore the volatility that continues to define the cryptocurrency market, even for high-profile investors who have experienced both significant gains and steep losses.

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Prince Harry and Meghan Markle Plan UK Visit With Reportedly Very Different Goals, Source Claims

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Prince Harry

LONDON — Prince Harry and Meghan Markle are expected to visit the United Kingdom in the coming weeks with their children, Prince Archie and Princess Lilibet, but a royal commentator is claiming the Duke and Duchess of Sussex are approaching the trip with fundamentally different motivations, with Harry seeking family connection and Meghan pursuing what one source described as a strategically calculated return to royal visibility.

The diverging goals, as described by royal commentator Mark Dolan during an appearance on Matt Wilkinson’s “The Royal Exclusive” podcast, paint a picture of a couple united in their travel plans but reportedly divided in what each hopes to take away from a homecoming that remains complicated by unresolved security disputes, a fractured relationship with the senior royal family and questions about the Duchess’s fading commercial profile in the United States.

“I think that Harry wants to come back to the UK because he misses his family,” Dolan said on the podcast. “He misses his royal activities, and he misses England, you know, he misses the UK, and he wants his grandkids to spend time with their grandfather.”

Dolan’s assessment of Meghan’s motivations was considerably more pointed.

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“I believe that Meghan is pathologically transactional, and so I think this trip is strategic for her,” he said, adding that Markle is seeking to revive her public standing at a moment when her influence in the American market has become harder to leverage.

Dolan further characterized the different emotional registers with which each Sussex approaches the prospect of returning to Britain, describing a fundamental tension he sees running through the marriage.

“I think it’s emotional and nostalgic for Harry, which I think is, by the way, a big tension within the marriage,” Dolan said. “I think the two people want very different things in terms of the UK.”

He described Meghan’s anticipated return as an opportunity to reclaim a tier of public identity that her years in California have not fully replicated.

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“I think she sees it as a chance to recalibrate those royal credentials, to go back to the royal well so she can be ‘Duchess’ again,” Dolan said.

The Sussexes have not publicly confirmed the specific date of their anticipated visit, and a spokesperson for the couple did not immediately respond to requests for comment on Dolan’s characterization of their respective motivations.

The planned trip comes in the context of a broader dispute about security that has dominated much of the public conversation about Harry’s relationship with the United Kingdom since he and Meghan relocated to California in 2020. Harry has repeatedly sought taxpayer-funded police protection when visiting Britain, arguing that the risks to his family are real and that private security operatives lack the legal authority, powers and institutional coordination of government-assigned officers. The Royal and VIP Executive Committee, known as RAVEC, the body that determines who receives protection from the Metropolitan Police, has declined to provide automatic round-the-clock protection for Harry and his family on the grounds that his status as a non-working royal based overseas places him outside the threshold for such coverage.

Harry announced his intention to visit the UK with his family, framing the trip around the one-year countdown to the 2027 Invictus Games in Birmingham. However, after discovering he would not receive the taxpayer-funded police protection he sought, his camp walked back a portion of the original announcement, prompting observers to suggest he had moved too quickly before the security arrangements were confirmed. Royal editor Russell Myers described the sequence as Harry having “jumped the gun” in assuming the security guarantee was in place before any firm commitment had been made.

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The security dispute carried a layer of complexity identified by Dolan on the podcast. He cited comments from Ken Wharfe, Princess Diana’s former chief bodyguard, who suggested the Sussexes’ approach to security demands serves a secondary purpose beyond physical safety.

“He said there’s no way the U.K. authorities or the King would allow Harry to come to harm while he’s in Britain,” Dolan said, relaying Wharfe’s view that the security dispute functions partly as a marker of VIP status rather than being driven entirely by genuine threat assessment.

Whether that characterization is accurate or simply reflects the increasingly polarized landscape of royal commentary surrounding the Sussexes is difficult to assess independently. What is clear is that Harry’s argument for protection is grounded in documented threats and a physical infrastructure of security that the private sector, however well-resourced, cannot entirely replicate in the United Kingdom’s legal framework. A specific incident cited in reporting about an earlier visit illustrated the point: Harry’s private security team identified what they believed to be a stalker in a public gallery during court proceedings but had no legal power to intervene because the space was a public building.

King Charles, who is believed to maintain a desire for his grandchildren Archie and Lilibet to visit Britain and spend time with the royal family despite the ongoing estrangement, has reportedly offered the Sussex family accommodation during any planned visit, understood to be at Buckingham Palace or an associated royal residence. However, control over security decisions does not rest with the King but with RAVEC, meaning Charles’s willingness to host his son’s family does not automatically resolve the practical protection question that has derailed previous visit planning.

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The Sussexes’ relationship with the senior royal family has been strained since their departure from frontline royal duties in early 2020, and a series of subsequent interviews, memoirs and documentary projects from both Harry and Meghan have deepened the rift. Whether a visit primarily motivated, on Harry’s side at least, by a desire to reconnect with family can survive the accumulated weight of those years without triggering fresh controversy is a question no source in the couple’s orbit or the palace has chosen to address directly.

For now, the timeline for any Sussex visit to Britain remains unconfirmed, with the coming weeks the only window publicly referenced by those familiar with the plans.

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Materion Corporation: Stretched Price With Not Enough Growth (NYSE:MTRN)

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Materion Corporation: Stretched Price With Not Enough Growth (NYSE:MTRN)

This article was written by

With over a decade of institutional investment experience, I specialize in identifying growth opportunities at the intersection of technological disruption and macro-thematic energy shifts. I’ve spent the majority of that time at a hedge fund here in Rotterdam, working my way up as an analyst. My work reflects rigorous standards as I myself have a very high standard as to what I invest my money in. My primary coverage spans the technology sector—with a focus on SaaS and cloud infrastructure—and the energy and minerals markets. I tend to be very data and trend driven in my work, analyzing unit economics and supply chain gaps among a number of other often overlooked areas in business and industries.I find these offer incredible growth opportunities and are also very fun to research and follow. It’s a very active space with plenty of news coming out each week. Work is my own thoughts and research is done only by myself.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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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Innovating for GLP-1 users

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Innovating for GLP-1 users

Indulgent mini treats and small portions appeal to a rising number of consumers on appetite-suppressing drugs.

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Ford opens Union Station exhibit for America’s 250th birthday

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Ford opens Union Station exhibit for America’s 250th birthday

Ford is turning one of Washington, D.C.’s busiest transit hubs into a showcase of American industry, innovation and horsepower for the nation’s 250th birthday.

The automaker has opened “Driving America Forward,” a free Union Station exhibit that traces Ford’s 123-year impact on American life — from the factory floor and World War II to farms, racetracks and pop culture.

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The exhibit runs July 1 through July 14 as millions of visitors travel through the nation’s capital for Fourth of July celebrations.

FORD REHIRES EXPERIENCED ENGINEERS AFTER AI MISSES THE MARK

Historic Ford vehicles are displayed throughout Union Station’s Main Hall for the automaker’s

Historic Ford vehicles are displayed throughout Union Station’s Main Hall for the automaker’s “Driving America Forward” exhibit. (Ford Motor Company)

Ted Ryan, Ford’s heritage and brand manager, told FOX Business that Union Station was selected because of its constant crowds and dramatic architecture.

“Union Station was chosen because it’s so incredibly visited,” Ryan said. “… The setting is just spectacular — the marble floor, the vaulted ceiling. It’s a beautiful venue to display some absolutely amazing cars.”

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The goal, Ryan said, is for visitors to leave with a better understanding of Ford’s role beyond the assembly line.

FORD TEAMS UP WITH OUTDOOR OUTFITTER FILSON TO LAUNCH NEW BRONCO SUV

“What we want people to walk away saying is, ‘Oh my gosh, I didn’t know Ford did that,’” Ryan said.

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The exhibit features a range of vehicles, including the last Model T ever built. Ryan said the car, introduced in 1908, transformed transportation and at one point accounted for 57% of all cars in the world.

Other vehicles on display include a 1928 Model A Roadster, a 1934 Flatbed Ford V8 pickup loaned by Jay Leno, a 1941 Ford GP, a 1951 Ford tractor, a 1954 F-100, a 1964 Mustang used in the New York World’s Fair ride, a 1956 Ford Thunderbird, among others.

FORD SEEKS TRUMP ALUMINUM TARIFF RELIEF AFTER FIRES AT MAJOR US FACTORY, REPORT SAYS

A 1934 Flathead Ford V-8 pickup is displayed inside Ford’s

A 1934 Flathead Ford V-8 pickup is displayed inside Ford’s “Driving America Forward” exhibit at Union Station in Washington, D.C. (Ford Motor Company)

Ryan said the lineup was chosen to show Ford’s reach beyond passenger cars — from farms and factories to battlefields and racetracks.

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Archival displays also spotlight lesser-known Ford innovations, including early mail-sorting technology, barcode and ZIP code readers, and the company’s role in helping build Mission Control in Houston for the Apollo program.

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“It’s free and open to the public,” Ryan said. “Come and enjoy the air conditioning at Union Station and enjoy looking at some absolutely stunning cars.”

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California Man Pleads Guilty to Sending Fake Nancy Guthrie Ransom Demand and Now Faces Two Years in Prison

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TUCSON, Ariz. — A 42-year-old California man has pleaded guilty to sending fraudulent ransom demands to the family of Nancy Guthrie, the 84-year-old mother of “Today” show co-anchor Savannah Guthrie, who has been missing from her Tucson, Arizona, home since February 1, federal prosecutors announced Thursday.

Derrick Callella, of California, entered guilty pleas to two counts of harassment using a telecommunication device, admitting in court that he called and sent text messages to members of the Guthrie family on February 4, demanding a transfer of bitcoin in exchange for Nancy Guthrie’s return. He faces up to two years in federal prison and a fine of up to $250,000 at his sentencing, which has been scheduled for September.

The U.S. Attorney’s Office for the District of Arizona confirmed the plea and released details of what Callella admitted to in court.

“Callella acknowledged that he knew an earlier ransom demand had been made,” the prosecutor’s office said in its announcement. “Callella also admitted that his actions were meant to harass the family by seeking information about the investigation into the missing person’s disappearance.”

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That framing, which describes Callella’s motivation as twofold, obtaining information and harassing the family, illustrates the particular cruelty of fake ransom demands in a case already defined by genuine anguish. By contacting the Guthrie family directly and demanding cryptocurrency within days of Nancy’s disappearance, Callella added a layer of false urgency and false hope to a family already under extraordinary strain, while simultaneously seeking to extract details about an active federal investigation.

Callella is not the only person arrested in connection with fraudulent communications in the case. Pima County Sheriff Chris Nanos confirmed that multiple individuals had been taken into custody following fake ransom note submissions, speaking publicly about the problem during a radio appearance on Tucson’s 1030 KVOI AM.

“I think the FBI has done a number of arrests for false or fake ransom notes,” Nanos told host Bill Buckmaster. “It is a shame that these types of events occur. People have great interest and that’s good because it helps us but then it gets really abused. People who call in fake ransom notes, people who claim for the sake of media and the family, they get out and disturb, in this case, an entire neighbourhood.”

The Callella plea represents the first confirmed criminal conviction arising from the wave of fraudulent communications that has complicated the Guthrie investigation since its earliest days. Callella had initially pleaded not guilty to the charges following his arrest in early February, shortly after FBI special agent Heith Janke disclosed at a February 5 news conference that someone had been taken into custody for sending what Janke described as an “imposter ransom demand.” The guilty plea this week resolves that case ahead of a September sentencing hearing.

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The plea comes at a moment of significant confusion about the broader landscape of ransom communications in the Guthrie case. An anonymous FBI official told Reuters earlier this week that all three of the most widely reported ransom notes had been assessed as not credible, a characterization that prompted swift pushback from other law enforcement sources. The FBI’s Phoenix field office then issued a clarifying statement acknowledging that some communications had been dismissed as fraudulent while others remained under active investigation.

“The FBI and its task force partners have received several ransom notes over the course of this investigation,” the Phoenix FBI office said in a social media statement. “Some have been deemed to be extortion attempts without legitimacy. Other ransom demands may potentially be legitimate and are still being investigated as such. This case continues to be investigated as a kidnapping for ransom case.”

That clarification, which maintained the investigation’s characterization as a kidnapping for ransom case while distinguishing between fake notes and potentially genuine ones, added nuance to what had briefly appeared to be a complete dismissal of all ransom communications. Callella’s guilty plea fits squarely into the category the FBI described as an extortion attempt without legitimacy, a deliberate fraud by someone seeking to exploit a family’s anguish rather than someone with genuine knowledge of Nancy Guthrie’s whereabouts.

Savannah Guthrie had addressed the problem of fake ransom notes publicly months ago, speaking on “Today” before her return to full-time presenting duties after a period of leave following her mother’s disappearance. Her comments at the time struck a careful balance between acknowledging the harm such notes cause and maintaining hope about communications she believed were genuine.

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“There are a lot of different notes, I think, that came,” Savannah Guthrie said on air in March. “I think most of them, it’s my understanding, are not real. I didn’t see them. But the person that would send a fake ransom note really has to look deeply at themselves to a family in pain.”

She added a distinction that the FBI’s subsequent investigation has helped clarify: “But I believe the two notes that we received that we responded to, I tend to believe those are real.”

The Callella case underscores how high-profile missing persons investigations, particularly those involving well-known public figures, can attract opportunistic individuals who either seek to profit from the situation or simply exploit it for information or attention. Federal authorities have made clear they are treating any fraudulent interference in the Guthrie investigation seriously, and Thursday’s guilty plea signals that such conduct carries real criminal consequences rather than merely drawing a brief investigation.

The Pima County Sheriff’s Department, which is leading the broader investigation of Nancy Guthrie’s disappearance alongside the FBI, has confirmed that every tip and lead continues to be taken seriously and forwarded to detectives working the case. No suspects or persons of interest have been publicly named in connection with her actual disappearance, which now stretches more than five months without a confirmed resolution. The FBI’s reward of $100,000 for information leading to Guthrie’s location or to the arrest and conviction of those responsible for her disappearance remains active, as does the Guthrie family’s own separately offered reward of $1 million.

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