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Sean ‘Diddy’ Combs’ third bid to be released on bail won’t be decided until next week
Nioka Steakhouse is opening at 1 Honeysuckle Drive next week. Login or signup to continue reading Friday, December 13, owner Michael Hope, of Hope Estate, confirmed yesterday. The menu has been released, and it's an impressive one. Starters include olives and Guindilla peppers with grissini, chicken liver pate with Borettane onions and crusty bread, and duck and pistachio terrine. Small plates? Think bresaola with tomato, horseradish, beetroot, pistachio crumb, saffron mayo and pecorino romano; seared scallops with cauliflower cream, chorizo crumb, salmon roe and smoked extra virgin olive oil; prawn and white fish cappelletti with lobster bisque; and Sicilian-style grilled octopus with olives, potato, tomato and chilli, to name a few. Large plates include the braised Angus beef tortelloni with pancetta, carrot, sage and beef stock reduction; oven-baked spatchcock with charred baby capsicum, pumpkin puree, chimichurri and stock reduction; a 12-hour smoked beef brisket with colcannon potato, heirloom tomato, chorizo compote and red wine jus; a fillet of Aquna Murray cod with pasta fregola, tomato, lobster bisque and braised fennel; duo of duck breast and confit leg Sheppard's pie with celeriac, baby pear and black truffle jus gras; and a range of vegetarian and "from the garden" options. Hope Estate executive chef Anthony Fullerton has a keen interest in dry-aged beef and has been working with the Hope family to develop their Black Angus cattle. Michael Hope's son, Jonno, turned his attention to cattle farming in 2019 to utilise the spent grain from the family's brewery. The business soon branched out to the 530-hectare Nioka Farm, located at the foothills of the Barrington Tops in the Upper Hunter Valley. The cattle are grass-fed on the farm and then transported to the pastures adjacent to Hope Estate at Pokolbin, where they spend 120 days being fed spent grain from Hope Estate's brewery and distillery production. Prime cuts are then dry-aged in Hope's custom-made dry-ageing facility. The steakhouse was originally meant to open at Hope at Honeysuckle (Newcastle's former maritime centre) but has instead found a home at the former Hope Estate at The Landing. If visitors ask me where they should eat while they are in Newcastle, Nagisa Japanese Restaurant always gets a mention. The quality of the food, the extensive wine list, the friendly and professional service, the consistency ... it makes for a memorable dining experience. Last month the Yamba family hosted a celebratory 20 th anniversary lunch at Nagisa (which spilled over into their neighbouring Honeysuckle restaurant, Âpé Yakitori Bar). There was a Taiko drum performance and a large sake barrel, and the many guests were served a selection of 20 canapes to represent each of the 20 years the restaurant has been open. To the Yamba family and Nagisa staff past and present, congratulations on two decades of dining excellence in Newcastle. I heard from Rob Fonti last week, letting me know his Belmont restaurant, Salina, is still open for business (despite being on the market). It also has a new summer menu. New dishes include the homemade chocolate gelato, Pina Colada gelato and mango granita; lamb loin fillet with spinach, roast capsicum, goat's cheese, pear and lentil salad, broccolini and walnut salsa; fish of the day fillet with prawn, asparagus, peas, feta and risoni salad and sun-dried tomato tapenade; and the buffalo mozzarella with prosciutto, peach, avocado, pomegranate and grilled ciabatta. You can drop by for a Prosecco and a pizza in the rear garden courtyard, too. Rob says there has been "a good amount of interest and a couple of close offers, but not enough to seal the deal". The restaurant is listed for sale through Raine and Horne Newcastle. Teppanyaki fun I stopped by Fukusui Japanese Teppanyaki Restaurant at Warners Bay last week for a birthday dinner, having previously dined there a decade or more ago, and thoroughly enjoyed the experience. The restaurant relies on word of mouth, and it's obviously working. It was sold out on a Tuesday night. The chef was in fine form at the grill, flicking scrambled egg here and there and spinning utensils at his hip like a Wild West cowboy, entertaining us with his facial expressions alone. Kids love it, and the food is very good. Try the plum-flavoured jelly sparkling wine in a can. It's an interesting experience. The Oceane Hotel is opening at 29 Honeysuckle Drive "soon", according to its social media pages. Details are hard to come by. Pork Ewe Deli at Mayfield is taking Christmas orders (platters, foie gras, caviar, smoked seafood, cheeses, meat) until December 16. Chef Mitch Beswick has clocked up a decade at Muse Restaurant. Jjindakk at shop 1/50 Beaumont Street in Hamilton has updated its menu with corn cheese, beef bulgogi nachos and a spicy cheese buldak. Have you tried Guzman y Gomez 's breakfast range? I tried the Brekkie Taco the other day (flour tortilla, scrambled eggs, bacon or chorizo, Jack cheese, pico de Gallo, jalapeno ketchup) and was pleasantly surprised. There's also a Brekkie Burrito, Big Brekkie Burrito or avo on toast. CorEat Newcastle has just launched a good-looking December Degustation menu, $75 per person. DAILY Today's top stories curated by our news team. Also includes evening update. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. 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Magnetizing a material with lightCopy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login The soft voice helped. So did the weak chin and gawky height. Throw in the medical training in London, as well as the marriage to an urbane local, and it is small wonder that people were disarmed. Bashar al-Assad was no one’s idea of a despot. And when he freed some of Syria’s political prisoners in 2000, the West had more to go on than “vibes”. France gave him the Legion of Honour soon after. Financial Times Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Introducing your Newsfeed Follow the topics, people and companies that matter to you. Latest In Middle East Fetching latest articles Most Viewed In WorldThe S&P 500 has been on fire, consistently reaching record highs and showcasing strong performance over the last two years. But when it comes to standout stocks, SoFi Technologies ( SOFI 2.13% ) has rocketed up by 261% since the beginning of 2023. SoFi's ability to expand its customer base and grow revenue has set it apart. After achieving its first quarterly net income a year ago, the fintech has maintained a streak of profitability, delivering several consecutive quarters of solid earnings. SoFi is reaping the rewards of higher interest rates, which have played a pivotal role in accelerating its customer growth. With multiple avenues for further expansion, the company is well positioned for continued success. However, with the stock soaring significantly this year, potential investors might hesitate due to its elevated valuation. Let's examine SoFi more closely to determine whether it's a buy, hold, or sell at the current price point. Reason to buy or hold In recent years, SoFi has transformed from a student loan refinancing company into a financial services powerhouse. This pivotal shift began during the pandemic when student loan forbearance made its original bread-and-butter business significantly less appealing. SoFi significantly expanded into personal loans, catering to the growing demand. But the real game-changer came in 2022 when SoFi acquired Golden Pacific Bancorp. This acquisition provided SoFi with a foundation for deposits and loans while giving it the advantages of a traditional bank. With a banking charter, SoFi has attracted countless customers by offering annual yields of up to 4.5% on their deposits. As a result, SoFi customer growth exploded, and deposits now stand at $24.4 billion. The acquisition also means SoFi can retain more of its loans, a considerable advantage in the recent high-interest-rate environment. This move has allowed the company's net interest income to skyrocket to $431 million in its most recent quarterly results. SOFI Total Deposits (Quarterly) data by YCharts Moreover, the banking charter has enabled SoFi to build out its technology infrastructure for non-banking entities. The fintech has made substantial investments in platforms like Galileo and Technisys, transforming the fintech landscape. Through Galileo, SoFi provides the essential back-end services that other fintech companies rely on. At the same time, Technisys helps support multiple products simultaneously, runs on the cloud, and allows banks to process and analyze data in real-time. With this technology stack, SoFi aims to be the Amazon Web Services (AWS) of finance. SoFi has expanded rapidly and is executing extremely well, which is why the stock has run up so much. Investors optimistic about this could find the stock a buy today even after its significant run-up. Reasons to sell Investors' concerns coming into this year primarily focused on SoFi's lending business. As noted above, the fintech has dramatically expanded its personal lending operations. Earlier this year, CEO Anthony Noto recently hinted at a more cautious outlook amid ongoing macroeconomic uncertainty. SoFi boasts a $16.7 billion personal loan portfolio, making credit quality an important aspect of its business. In the third quarter, the company reported $147 million in charged-off personal loans, resulting in a net charge-off (NCO) rate of 3.52%. While this marks a slight increase from last year's NCO rate of 3.44%, it shows improvement from the previous quarter's 3.84%. In addition, SoFi stock has experienced a significant surge and trades at a lofty valuation. The stock is currently priced at 163 times earnings and 4.3 times its tangible book value , an exorbitant number compared to traditional bank stocks. Even when you factor in forecast results for next year, the stock is priced at 68 times those expected earnings. SOFI PE Ratio data by YCharts While SoFi's loan portfolio continues to show resilience, the swift rise of its stock price could signal that it's time to take some chips off the table. Buy, sell, or hold SoFi? SoFi has posted several profitable quarters and continues to grow its customer base and earnings. Its execution has yielded impressive results for investors. However, the stock has experienced a significant surge and trades at a premium valuation. While I'm optimistic about SoFi's long-term growth potential, this elevated valuation brings with it increased volatility -- both upward and downward. Following the recent run-up, investors may consider this a good time to trim their position and take some profit off the table. That said, I still like the long-term outlook for SoFi over the next decade, so I give it a hold rating today.
NEW YORK (AP) — Chad Chronister, Donald Trump's pick to run the Drug Enforcement Administration, said Tuesday he was withdrawing his name from consideration, becoming the second person selected by the president-elect to bow out quickly after being nominated for a position requiring Senate confirmation. Sheriff Chronister, the top law enforcement officer in Hillsborough County, Florida, said in a post on X that he was backing away from the opportunity, which he called “the honor of a lifetime.” Javascript is required for you to be able to read premium content. Please enable it in your browser settings.Homeland Security shares new details of mysterious drone flights over New Jersey, lawmaker says A New Jersey lawmaker from part of the state where several mysterious drones have been spotted in recent week says the devices appear to avoid detection by traditional methods. Assemblywoman Dawn Fantasia was among state officials who met Wednesday with representatives from the Department of Homeland Security. She says lawmakers were told the drones have dodged detection by helicopters and radio. Fantasia says DHS described the devices as up to 6 feet in diameter and sometimes traveling with their lights off. The Morris County Republican made the comments in a post on X shortly after she and several other state and local lawmakers met with state police and Homeland Security officials. Donald Trump will ring the New York Stock Exchange bell as he's named Time's Person of the Year NEW YORK (AP) — President-elect Donald Trump is expected to ring the opening bell at the New York Stock Exchange for the first time and be named Time magazine's Person of the Year. Thursday's events will be a notable moment of twin recognitions for Trump, a born-and-bred New Yorker who has long seen praise from the business world and media as a sign of success. Four people with knowledge of his plans told The Associated Press that Trump was expected to be on Wall Street on Thursday to mark the ceremonial start of the day's trading, while a person familiar with the selection confirmed that Trump had been selected as Time's Person of the Year. Rape allegation against Jay-Z won’t impact NFL's relationship with music mogul, Goodell says IRVING, Texas (AP) — NFL Commissioner Roger Goodell says a rape allegation against rapper Jay-Z won’t impact the NFL's relationship with the music mogul. Jay-Z's company Roc Nation has produced some of the NFL’s entertainment presentations including the Super Bowl halftime show. A woman who previously sued Sean “Diddy” Combs alleging she was raped at an awards show after-party in 2000 amended the lawsuit Sunday to include an allegation that Jay-Z was also at the party and participated in the sexual assault. Jay-Z says the rape allegation made against him is part of an extortion attempt. The NFL teamed up with Jay-Z’s Roc Nation in 2019 for events and social activism. The league and the entertainment company extended their partnership a few months ago. Ohio politician proposes make flag planting a felony after fight in Michigan rivalry game An Ohio politician has seen enough flag planting. Republican state Rep. Josh Williams said Wednesday on social media he's introducing a bill to make flag planting in sports a felony in the state. His proposal comes after the Nov. 30 fight at the Michigan-Ohio State rivalry football game when the Wolverines beat the Buckeyes 13-10 and then attempted to plant their flag at midfield. A fight ensued and police had to use pepper spray to disperse the players. Former Oklahoma quarterback Baker Mayfield famously planted a flag in the middle of the field at Ohio State after the Sooners beat the Buckeyes in 2017. Gastineau confronts Favre in documentary for his 'dive' on Strahan's record-breaking sack Former New York Jets star Mark Gastineau confronted Brett Favre last year at a memorabilia show and angrily accused the Pro Football Hall of Fame quarterback of deliberately going down on a record-breaking sack. The tense exchange is shown in the new ESPN 30 for 30 documentary “The New York Sack Exchange." It chronicles the Jets’ fearsome foursome defensive line of the 1980s that included Gastineau. Gastineau set an NFL record with 22 sacks in 1984, but Pro Football Hall of Famer Michael Strahan broke the mark when he sacked Favre in 2002 in a game between the Giants and Packers. Many have accused Favre of purposely taking the sack so Strahan could set the single-season record with 22 1/2. What happens next with Alex Jones' Infowars? No certainty yet after sale to The Onion is rejected Lawyers in the Alex Jones bankruptcy case are now in discussions on what could happen next after a federal judge in Texas rejected the auction sale of Jones’ Infowars to The Onion satirical news outlet. The next steps remained unclear Wednesday as the judge ordered the trustee who oversaw the auction to come up with a new plan. Judge Christopher Lopez in Houston rejected the bid late Tuesday, saying there was too much confusion about The Onion’s bid. The bankruptcy case was in the wake of the nearly $1.5 billion that courts have ordered Jones to pay for calling the Sandy Hook Elementary School shooting in Connecticut a hoax. Sandy Hook families had backed The Onion’s bid. NFL and Nike extend their partnership with a 10-year deal, will focus on growing the sport globally IRVING, Texas (AP) — The NFL’s desire to become a global powerhouse is no secret. Nike is committed to helping the league continue expanding its worldwide reach. The league and the apparel giant announced Wednesday a 10-year partnership extension. The NFL and Nike will focus on working together to grow the game’s global reach, increase participation, develop new talent, and expand the football fan base. Nike, the world’s largest supplier of athletic shoes and apparel, has been the NFL’s exclusive provider of uniforms and sideline, practice and base layer apparel for all 32 NFL teams for 12 years. George Kresge Jr., who wowed talk show audiences as the The Amazing Kreskin, dies at age 89 NEW YORK (AP) — George Joseph Kresge Jr., otherwise known to TV watchers as the mesmerizing entertainer and mentalist The Amazing Kreskin, has died at age 89. Kreskin’s friend and former road manager, Ryan Galway, says he died Tuesday at his home in Caldwell, New Jersey. Kreskin launched his television career in the 1960s and remained popular for decades, appearing with everyone from Merv Griffin to Johnny Carson to Jimmy Fallon. Fans would welcome, if not entirely figure out, his favorite mind tricks — whether correctly guessing a playing card chosen at random, or, most famously, divining where his paycheck had been planted among the audience. He also hosted a show in the 1970s, gave live performances and wrote numerous books. Albertsons sues Kroger for failing to win approval of their proposed supermarket merger Kroger and Albertsons’ plan for the largest U.S. supermarket merger in history has crumbled. The two companies have accused each other of not doing enough to push their proposed alliance through, and Albertsons pulled out of the $24.6 billion deal on Wednesday. The bitter breakup came the day after a federal judge in Oregon and a state judge in Washington issued injunctions to block the merger, saying that combining the two grocery chains could reduce competition and harm consumers. Albertsons is now suing Kroger, seeking a $600 million termination fee, as well as billions of dollars in legal fees and lost shareholder value. Kroger says the legal claims are “baseless.” Keynote Selena Gomez spotlights prioritizing mental health during Academy Women's Luncheon LOS ANGELES (AP) — While surveying a room packed with Hollywood’s most influential figures, “Emilia Pérez” star Selena Gomez took center stage at the Academy Women’s Luncheon to spotlight a critical issue: Prioritizing mental health and supporting underserved communities often left behind in the conversation. The singer-actor has been public about her mental health struggles, revealing she had been diagnosed with bipolar disorder. Gomez was the keynote speaker Tuesday at the event held at the Academy Museum of Motion Pictures with attendees including Ariana Grande, Olivia Wilde, Amy Adams, Pamela Anderson, Rita Wilson, Ava DuVernay and Awkwafina.
PITTSBURGH , Dec. 2, 2024 /PRNewswire/ -- The Board of Directors of Wesco International (NYSE: WCC) today declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.4125 per share. The dividend is payable on December 31, 2024 to the holders of record of the common stock at the close of business on December 13, 2024 . In addition, the Board of Directors declared cash dividends on the company's 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock for the period October 1, 2024 through December 31, 2024 . The dividend is $664.0625 per preferred share, or $0.6640625 per depository share, and is payable on December 31, 2024 to holders of record at the close of business on December 13, 2024 . About Wesco Wesco International (NYSE: WCC) builds, connects, powers and protects the world. Headquartered in Pittsburgh, Pennsylvania , Wesco is a FORTUNE 500 ® company with $22 billion in annual sales and a leading provider of business-to-business distribution, logistics services and supply chain solutions. Wesco offers a best-in-class product and services portfolio of Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. The Company employs approximately 20,000 people, partners with the industry's premier suppliers, and serves thousands of customers around the world. With millions of products, end-to-end supply chain services, and leading digital capabilities, Wesco provides innovative solutions to meet customer needs across commercial and industrial businesses, contractors, government agencies, educational institutions, telecommunications providers, and utilities. Wesco operates nearly 800 branches, warehouses and sales offices in more than 50 countries, providing a local presence for customers and a global network to serve multi-location businesses and global corporations. Contact Information Investor Relations Will Ruthrauff Director, Investor Relations 484-885-5648 Corporate Communications Jennifer Sniderman Vice President, Corporate Communications 717-579-6603 View original content to download multimedia: https://www.prnewswire.com/news-releases/wesco-declares-quarterly-dividend-on-common-stock-and-preferred-stock-302319822.html SOURCE Wesco International
MADRID (AP) — Getafe scored twice in three minutes midway through the second half to beat struggling Valladolid 2-0 and record only its second win in La Liga on Friday. The victory ended Getafe’s five-game winless run and lifted it into 15th place in the 20-team standings. Valladolid remained second to last. In the buildup to the match, Getafe sporting director Rubén Reyes described the game as a final but his team was lucky not to go behind as Valladolid created more of the early chances. However, the home side took control in the 69th minute when substitute Álvaro Rodríguez got the opener. Three minutes later, man of the match Allan Nyom made it 2-0. “There’s been a lot of games where we’ve run and fought but lost or drawn,” Nyom, the veteran Cameroon full back, said. “A game that reflects the effort we’ve put in in training is very welcome.” Adding to Valladolid’s woes, coach Paulo Pezzolano was sent off before halftime. The Uruguayan has the league’s worst disciplinary record, with seven yellow cards before Friday’s red. AP soccer: https://apnews.com/hub/soccer
MADRID (AP) — Getafe scored twice in three minutes midway through the second half to beat struggling Valladolid 2-0 and record only its second win in La Liga on Friday. The victory ended Getafe’s five-game winless run and lifted it into 15th place in the 20-team standings. Valladolid remained second to last. In the buildup to the match, Getafe sporting director Rubén Reyes described the game as a final but his team was lucky not to go behind as Valladolid created more of the early chances. However, the home side took control in the 69th minute when substitute Álvaro Rodríguez got the opener. Three minutes later, man of the match Allan Nyom made it 2-0. “There’s been a lot of games where we’ve run and fought but lost or drawn,” Nyom, the veteran Cameroon full back, said. “A game that reflects the effort we’ve put in in training is very welcome.” Adding to Valladolid’s woes, coach Paulo Pezzolano was sent off before halftime. The Uruguayan has the league’s worst disciplinary record, with seven yellow cards before Friday’s red. AP soccer: https://apnews.com/hub/soccerSocial Security tackles overpayment ‘injustices,’ but problems remainHoroscope Today, December 4, 2024: Explore Astrological Insights For Your Zodiac Sign
Watch out for scammers during Giving Tuesday in North CarolinaAll-star Scottie Barnes returns to Raptors lineup vs. Timberwolves
Mixed outlook for local bourseINTERCARGO Annual Review Details Progress in Safety, Sustainability and GrowthNone