Sunday, October 26, 2025

News from October 26, 2025

1017 articles found

Biden-Era Border Policies Blamed by DHS for Alleged Murder of Texas Woman at Hands of 3 Illegal Aliens
Technology

Biden-Era Border Policies Blamed by DHS for Alleged Murder of Texas Woman at Hands of 3 Illegal Aliens

Three illegal aliens from Mexico have been arrested in connection with the shooting death of 43-year-old Mary Gonzales, whose body was found in a North Austin field on October 6. Texas authorities apprehended one suspect, while U.S. Immigration and Customs Enforcement (ICE) arrested two others. The arrests prompted sharp criticism from Homeland Security officials who linked the crime to Biden-era border policies. According to authorities, nearby surveillance video showed a blue vehicle with no headlights on driving on October 5 in the vicinity of where Gonzales’ body was discovered. The vehicle was positioned at one time in the video where the body would later be found. Within an hour, authorities stopped a vehicle matching the description approximately one mile away, which was reported as a 2007 Toyota Camry. The driver of the vehicle was identified as Enrique Gomez-Urbina, an illegal alien from Mexico. Police found a Glock .40-caliber handgun inside. Gomez-Urbina fled the scene but was apprehended by the Lone Star Fugitive Task Force officers later the same day after a First-Degree Murder warrant was issued for his arrest. ICE officials determined that Gomez-Urbina is illegally present in the United States and lodged an immigration detainer for his removal proceedings once his criminal case is concluded. On October 8, ICE arrested two additional illegal aliens in connection with the murder of the 43-year-old Austin woman. Officials identified the two as Jesus Llamas-Yanez and Javier Roman Hernandez — both criminal aliens from Mexico. According to ICE, Llamas-Yanez’s record includes previous arrests for assault and driving under the influence. Llamas-Yanez illegally entered the United States at or near an unknown location, on or about an unknown date. Roman Hernandez entered the United States on foot at the Hidalgo, Texas, Point of Entry during the Biden Administration on July 23, 2023, using the CBP One Smart Phone Application, which enabled more than 1,400 migrants to enter the United States each day with little to no vetting. The application, initiated under the Biden administration, was canceled shortly after President Donald Trump’s inauguration. Department of Homeland Security Assistant Secretary Tricia McLaughlin commented on the latest two arrests in connection to the murder, saying, “These alleged cold-blooded murderers should have never been in our country in the first place, and Mary Gonzales should still be alive.” McLaughlin described the policy that allowed one of the suspects to enter the United States, adding, “One of these criminals came into our country using Biden’s disastrous CBP One app. Open border policies have deadly consequences. Under President Trump and Secretary Noem, these accused murderers will never be free on American streets to commit heinous crimes again.” Randy Clark is a 32-year veteran of the United States Border Patrol. Before his retirement, he served as the Division Chief for Law Enforcement Operations, directing operations for nine Border Patrol Stations within the Del Rio, Texas, Sector. Follow him on X (formerly Twitter) @RandyClarkBBTX.

Which Comes First? How to Prioritize Withdrawals from Brokerage Accounts, 401(k)s, and IRAs
Technology

Which Comes First? How to Prioritize Withdrawals from Brokerage Accounts, 401(k)s, and IRAs

Some people will spend decades saving and investing for retirement, only to discover that they missed a step along the way. That commonly "missed" step? Devising their plan for decumulation -- in other words, their retirement withdrawal strategy. Because just as you need a plan to build your nest egg, you need one to draw down on it wisely as well. A retirement withdrawal strategy is simply a plan for drawing upon your assets to cover your expenses in your golden years. Let's say you have a single retirement account, like a self-directed Roth IRA. While it's essential to have a withdrawal strategy regardless of how many accounts you have, planning is simpler when you only have one. That's because the order in which you withdraw from your retirement accounts and the proportions you use when you tap them will impact how much you pay in taxes. That, in turn, is likely to play a meaningful role in determining how long your money will last. Required minimum distributions One decision involves whether you'll begin making withdrawals from your retirement accounts in the first year you retire, or wait until you're mandated to do so due to required minimum distributions (RMDs). RMDs are withdrawals that you must begin taking from defined contribution plans -- like IRAs and 401(k)s -- once you reach age 73 (though that will rise to 75 for those born in 1960 or later). The size of those mandated withdrawals is calculated as a percentage of the assets in the account, and that percentage grows each year older you get. Failure to take an RMD can result in a steep IRS penalty. Brokerage accounts, 401(k)s, IRAs, etc. Because everyone deals with a different set of circumstances, there's no single set of rules to tell you in which order to make your withdrawals. However, as the following scenario will show, a good starting point is to first consider brokerage accounts, then tax-deferred accounts, and finally, tax-free accounts. Don and Nancy Imagine a couple named Don and Nancy. Both are 67 years old, and each collects $1,500 monthly in Social Security. That means Don and Nancy start with an annual guaranteed income of $36,000. In addition, Don and Nancy have $1 million invested across their various retirement accounts. Brokerage account: $300,000 (profits taxed as long-term capital gains) Traditional 401(k)s: $400,000 (taxed at their ordinary tax rate) Roth IRAs: $300,000 (no taxes due) Don and Nancy want to withdraw a total of 4% from their retirement accounts annually to help cover their expenses. That will add another $40,000 to their income this year. An eye on taxes The couple realizes that they may have to tweak their strategy as circumstances change through the years, but right now, it's all about saving money on this year's taxes. Between Social Security payments and retirement account withdrawals, the couple has an income of $76,000. Their ultimate goal is to remain in the 12% tax bracket ($23,850 to $96,950). Don and Nancy aren't worried because they know they only have to pay taxes on their adjusted gross income (AGI) -- the income they end up with after deductions are taken. Here's where their deductions stand for the year: The couple takes a closer look at each of their retirement accounts, carefully considering the impact of each on their tax burden. Brokerage account: Don and Nancy have had their brokerage account for years, and any profits they book on shares they sell at this point will be taxed at the lower long-term capital gains rate. And in fact, their income will be low enough that they'll owe nothing in capital gains tax. Tax-deferred account: Because 401(k)s are tax-deferred accounts, Don and Nancy didn't pay any taxes on their contributions in the years that they earned those funds. But now, withdrawals from the couple's 401(k)s will be taxed at their ordinary marginal tax rates. Tax-free accounts: With Roth IRAs and similar types of tax-advantaged accounts, you do pay taxes on the funds that you contribute in the year that you earn the money. But later in life, all your withdrawals are tax-free. Years ago, the couple agreed that any money in their Roth IRAs would be earmarked for use in late retirement, when their healthcare costs and living expenses might be higher. In the meantime, they're determined to give those tax-free accounts more time to grow by not making withdrawals from them until absolutely necessary. Parceling out $40,000 Since withdrawals from their Roth IRAs are off the table for now, the couple must choose how much to take from the remaining accounts. They decide to withdraw 60% from their 401(k)s ($24,000) and 40% from their brokerage account ($16,000). Devising a withdrawal strategy is not an exact science, and this couple's priorities may shift from year to year, but for now, their total taxable income remains well within the 12% marginal tax bracket. And, due to their joint income being below $96,700, they'll owe no federal taxes on the money they withdraw from their brokerage account. One size truly does not fit all While the method of drawing from brokerage accounts first, then tax-deferred accounts, and finally, from tax-free accounts may be popular, it won't be right for everyone. Once you've retired, you'll undoubtedly spend time determining the best withdrawal strategy for you, and the right answer could change over time as you move through different phases of retirement. You may have a single retirement account or many accounts from which to draw funds. Your situation will be unique to you. This is where a good financial or retirement advisor can be helpful in determining the best tactics to help your nest egg last.

AI Could Wipe Out 80% of Marketing Jobs in Five Years
Technology

AI Could Wipe Out 80% of Marketing Jobs in Five Years

This program features TV Tokyo announcer Emika Furuhata putting a series of questions about marketing to Nishiguchi, a well-known figure in the field. The goal is to help business professionals understand marketing fundamentals and practical applications in an accessible way. The project is a collaboration between TV Tokyo’s Teleto BIZ and Nikkei Cross Trend, a digital media outlet focused on marketing. Nishiguchi is president of Strategy Partners and Wisdom Evolution Company. He previously led marketing at companies including P&G, Rohto Pharmaceutical, and L’Occitane Japan, and has advised more than 300 companies. He is known for his “N=1 analysis” approach, which starts by deeply understanding one individual customer and building product and service strategy from those insights. Furuhata is an announcer with TV Tokyo. Asked for his reaction to Google Marketing Live 2025, Nishiguchi said his first impression was confusion — Google presented a series of individual tools and functions, and at first it was not obvious how they connected. But after watching the whole thing and thinking it through, he said he felt “shock,” because it became clear to him that Google is trying to take over “the entire world of marketing.” In his view, this is not just about AI replacing certain human tasks. It is about AI collapsing the distance between a product and the person who will buy it — and doing so across every layer of marketing, from awareness to conversion to payment to even surfacing needs the customer has not yet put into words. Nishiguchi said, “I’ve been working for 36 years trying to close those gaps manually. And now I’m convinced this work won’t exist anymore. Within five years, around 80% of the work currently called ‘marketing’ will disappear.” He added that he does not like making predictions because people later complain that forecasts were off, but given the current speed of AI development by companies such as Google, Microsoft, and OpenAI since May, it is “highly likely” that most routine marketing jobs will be automated inside five years. What exactly is being automated? Nishiguchi explains marketing as the act of narrowing five types of “distance” that exist between what a company offers and what a customer wants. He describes business as the pairing of “who” (the customer) and “what” (the product or service), and says money flows when the customer perceives real value in the product or service. But that exchange does not happen instantly — there are five kinds of distance that must be shortened. The five distances are: Recognition distance: whether the customer even knows the product exists, or understands its value. Communication distance: whether the company can deliver the right message to the right person in a persuasive way. Distribution distance: whether the customer can easily obtain the product at the moment they want it. Transaction distance: how easily the customer can complete the purchase. Latent-need distance: helping the customer realize needs they have not yet put into words. Nishiguchi argues that all real marketing work is, in the end, an effort to shorten one or more of these distances, using budget, data, channels, and labor. What stunned him about Google’s announcements is that Google is now positioning itself to compress all five distances, end to end, using AI. On recognition distance: Until now, a user typed a search query into Google, saw a list of links and ads, clicked, refined the query, clicked again, and so on. That loop — search, skim, repeat — was where marketers fought for attention and inserted ads. Google is now moving toward “AI Overviews,” in which Google pre-assembles an answer: it predicts what you are likely trying to learn and simply presents a synthesized, proactive response at the top of the results. Instead of you digging through multiple sites, the platform surfaces, in one shot, “Here’s what you need.” Until recently, many people in the industry assumed Google would not fully commit to this model because it risks reducing the number of traditional ad placements, and therefore threatens Google’s core ad business. Nishiguchi said the surprise is that Google appears willing to disrupt even its own revenue structure — which suggests that it already sees a viable path to keep the business running profitably under the new model, rather than acting out of idealism. On communication distance: Traditionally, digital marketing teams spent large amounts of manual effort configuring campaigns, choosing keywords, defining target segments, designing banner ads and listing ads, producing and testing multiple creative variations, and gradually shifting budget toward what performed best. Google is now proposing to automate this entire workflow. Systems such as Asset Studio, Power Pair/Power Pack, and Creator Partnerships Hub (introduced as part of the recent announcements) point toward a pipeline where you feed basic information about a product — a few images, product specs, and a short description — and the AI will generate ad copy, visuals, formats, and localized variations. It will then test creative variations automatically, learn which versions actually convert, and expand reach to similar audiences without human micromanagement. Nishiguchi gave a simple example: Suppose you invent a new pen that fits perfectly in the hand, reduces strain, and feels like an extension of your body. You are not even sure who the ideal customers are yet. Under the traditional model, you would build different ads, guess at target demographics, buy some clicks, and iterate by hand. Under the AI model, you load product information and initial assets, and the system not only generates the ads and copy but also learns from early sales, figures out who is buying, and then automatically scales to find more people like them. It can even expand to overseas markets and automatically present the pitch in the local language, all without you manually instructing it country by country. In other words, the act of “who should we target, what message should we show them, and which creator should present it?” is no longer a full-time human job. The platform itself decides, produces, matches, and runs. He also noted the emergence of creator matching. Short-form video creators and influencers already drive product discovery, and viewers increasingly decide where to shop based on short videos rather than traditional search. Google is moving toward automatically pairing suitable creators with suitable products, while also using engagement and trust metrics to filter out low-quality creators. Nishiguchi said this implies a world where weak products that were once pushed with “hype marketing” will struggle to survive, because systems will continuously match high-performing creators with genuinely compelling products. On distribution distance: Consumers increasingly expect “I want it now, wherever I am.” E-commerce and global logistics have already shortened this gap, but AI is positioned to push it further. Nishiguchi’s view is that Google is heading toward a model where, if there is demand for a product, the system will simply surface ways to get it to that person in their country, in their channel, in their preferred buying context — without the brand having to orchestrate channel strategy country by country. On transaction distance: Payments, too, are being compressed. Nishiguchi pointed to how payment has evolved from cash, to cards, to tapping a transit gate with a smartcard or phone, to a near-future model where you simply walk through a gate and facial or biometric recognition handles settlement in the background. He described this as the same kind of friction removal: no wallet, no card, no QR code, no checkout step. AI ties identity to authorization and clears the purchase. On the final distance, latent-need distance: This is where Nishiguchi thinks the change becomes almost eerie. Up to now, consumers had to articulate what they wanted, then search for it, then compare options. The emerging model flips that. The system can infer what kind of experience you are likely to want — even before you fully know it yourself — and then assemble and sell it to you. He uses travel to illustrate this. Today, if you say you want to ride scenic mountain railways in Switzerland, hike in alpine air, and spend quiet time in nature, you might watch YouTube videos, read blogs, and then try to assemble lodging and transport. In the AI-driven model, you would instead be fed an automatically built plan: here is the route, here is the scenery, here is the timing, here is the cost, here is the packing list for that season and altitude (for example, a warning about humidity or temperature), and here is the “add to calendar / pay now” button. The system would even propose experiences you did not explicitly request but that people “like you” tend to love, effectively surfacing unspoken desires and converting them into booked revenue. He argues that this is not science fiction on a 10-year horizon. It is a multi-year horizon. The fact that Google is openly moving to close all five distances — awareness, messaging, availability, payment, and subconscious desire — means the traditional marketing organization, which once existed to close those gaps by hand, will shrink. For consumers, Nishiguchi said, this future is convenient: “Only the good stuff finds you,” and you spend less time searching and less time worrying about being misled by mediocre products. For marketers, he said, it is “frightening,” because AI systems that never tire, never stop testing, and instantly translate and distribute globally will outperform most human teams at the routine work of campaign planning, creative production, targeting, media buying, localization, creator outreach, funnel optimization, and even product positioning. Nishiguchi concluded that in practical terms, if Google succeeds in what it has just begun to build, most of what people today call “marketing work” will either be compressed to near-zero human labor or vanish entirely. Source: テレ東BIZ

Better Cryptocurrency Buy: Ethereum vs. Zcash
Technology

Better Cryptocurrency Buy: Ethereum vs. Zcash

It's quite clear that both Ethereum (ETH +3.24%) and Zcash (ZEC +27.15%) have value. Right now, Zcash's price is sprinting upward each day, and during the past three months, it has gained more than 500%. On the other hand, Ethereum remains the network where most of the useful financial activity happens, and that activity is increasingly aligned with how big money wants to operate. So, which is the better coin to buy? Ethereum is way out in front in DeFi Investors win when an asset offers real economic value. On that front, Ethereum leads the decentralized finance (DeFi) sector by a wide margin. You can see this in its total value locked (TVL) of $86.8 billion, which is a strong proxy for the amount of work being done on the chain. As of today, Ethereum hosts the largest DeFi base by far, as it makes inroads in another important growth segment: real-world assets. The most credible institutional use case in crypto right now is the tokenization of real-world assets (RWAs) like U.S. Treasuries and exchange-traded funds (ETFs). Ethereum is the default venue, with $11.9 billion in RWAs parked on its chain. As RWA-related capital inflows continue, the coin will be in higher demand and feature more value on its chain. Of course, Ethereum has plenty of competition in DeFi and RWAs. It will have even more competition in the future. The point is that large asset managers already build on or start from Ethereum's stack, then branch out to other chains as they see the benefits of doing so. This matters for the long term because it helps cement standards, tooling, and liquidity based on Ethereum's norms and requirements. Buying Ethereum today is buying the leading blockchain for asset management today and tomorrow, and, as an investment thesis, its progress makes taking the plunge look fairly appealing. Zcash's edge is privacy, but that's a double-edged sword Zcash doesn't have a DeFi ecosystem, nor will it. It's also unlikely that the chain will be used to manage RWAs anytime soon. As a privacy coin, its use case is much closer to Bitcoin's. It also has some additional features which, if used, can mask the identities of senders and receivers, as well as the quantity transacted. In practice, however, investors must weigh this promise against real frictions. First, the regulation remains a significant headwind for privacy coins. In short, financial regulators do not like it when there are assets that can be used for private transactions, as that could shield illegal activity. Thus, Zcash has struggled to remain listed on some of the leading crypto exchanges, and has actually been delisted in some cases. Second, Zcash's privacy is optional, and at least a tiny bit inconvenient to those who use it. Many coinholders transact transparently rather than using shielded wallet addresses, undercutting the network's differentiation in day-to-day usage. Shielded adoption is growing compared to the past, but it still isn't a majority of the network's transaction value. Finally, Zcash's value mechanism is thin compared to Ethereum's. There is no comparable DeFi or RWA ecosystem on offer. Thus, it relies on its Bitcoin-like scarcity mechanisms, including its halving process, and persistent demand for its privacy capabilities, to have any shot at gaining in value over the long term. Could Zcash be a good investment in light of those constraints? Yes, it could be, and for many, it probably will be. But as of today, compared to Ethereum, Zcash is a smaller asset with far more obstacle to its success, some of which are unlikely to abate. For investors allocating capital, Ethereum is the better buy today. Zcash could still be a decent purchase, but it's higher-risk. Putting aside its recent moonshot, it probably doesn't have as much upside in store for those who buy it now.

Where Will Domino's Pizza Be in 5 Years?
Technology

Where Will Domino's Pizza Be in 5 Years?

Domino's Pizza (DPZ 1.64%) may not grab headlines like the latest artificial intelligence (AI) darling, but few companies have compounded shareholder value as quietly and consistently over the past two decades. The secret lies in its disciplined franchise model, predictable demand, and relentless operational execution. As investors look toward 2030, Domino's future still seems remarkably steady -- and quietly powerful. Here are four key areas that could define where the world's largest pizza company will be five years from now. A much larger global footprint Domino's currently operates more than 21,000 stores across 90+ markets, yet its runway for growth remains long, especially in international markets like India and China. The company had previously outlined an ambitious long-term plan to add over 1,100 net new stores annually and eventually reach nearly 50,000 stores worldwide, as part of its "Hungry for More" strategy announced in late 2023. However, Domino's has since paused that specific store-growth target, while it reassesses global market conditions and the performance of certain international master franchisees. Even so, store expansion continues -- just at a more measured pace. For example, Domino's opened 250 new stores (and closed 36 stores) in the third quarter of 2025, giving it a net add of 214. It is still moving toward its long-term target of 50,000, albeit at a slower pace. Nearly all of these locations are franchise-owned, which remains key to the company's long-term economics. Franchisees fund the buildout and daily operations, while Domino's collects royalties, fees, and supply chain revenue. That structure gives Domino's a powerful compounding engine: high-margin, recurring revenue with minimal capital requirements. It's an asset-light model that has long appealed to investing legend, Warren Buffett -- and one that allows Domino's to grow faster and more profitably than most restaurant peers. Stronger unit economics and customer stickiness Growth isn't just about new stores -- it's about making every store more productive. Domino's long-term success has come from its focus on three fundamentals: value, consistency, and convenience. Those pillars have driven an incredible 31 consecutive years of same-store sales growth (SSSG) for its international businesses, including through recessions and inflationary periods. To sustain that streak, Domino's has leaned into menu innovation and everyday affordability. The company continues to expand offerings like its "Mix & Match" deals and value bundles, which help boost order frequency and average ticket size. Domino's is also broadening its digital reach. The company works with Uber Eats and Postmates while still prioritizing its own app and website. That hybrid approach expands its customer funnel while keeping margins healthier than delivery-only rivals. Combined, these strategies should help Domino's sustain its long-term SSSG, which in turn supports steady earnings gains and franchise profitability. Healthy franchisees mean more store openings, better operations, and a stronger overall system. Technology as an invisible margin engine Domino's rarely markets itself as a tech company, but technology quietly underpins its competitive moat. Predictive demand models help stores optimize ingredient orders and reduce food waste. AI-driven voice ordering systems improve call efficiency and reduce labor costs. These tools create small efficiency gains that compound across a 21,000-store network. They help Domino's deliver pizzas faster, more accurately, and with higher customer satisfaction -- all while lowering its cost per transaction. Unlike most quick-service brands that depend on third-party delivery platforms, Domino's built its own logistics backbone. It controls dough manufacturing, distribution, and delivery infrastructure -- giving it cost leverage that few can replicate. In short, Domino's isn't just selling pizza; it's operating one of the most advanced food delivery systems in the world. That quiet operational edge will continue to power margins and customer loyalty in the years ahead. Consistent shareholder returns and capital discipline One of Domino's least discussed strengths is its capital return strategy. The company has generated healthy free cash flow year after year, consistently returning much of it to shareholders. Between 2014 and 2024, Domino's reduced its weighted average share count by roughly 40% through aggressive buybacks -- a massive tailwind for earnings per share. Alongside those repurchases, Domino's has steadily increased its dividend, supported by predictable franchise royalties and supply chain income. That combination of growth and capital return reflects exceptional discipline. Domino's management doesn't chase flashy acquisitions or fads; it reinvests where returns are highest and gives the rest back to shareholders. For long-term investors, that's a formula for compounding wealth quietly but powerfully over time. What does it mean for investors? Domino aims to become a bigger global powerhouse in the future, with more stores, stronger unit economics, smarter operations, and even greater shareholder rewards. It won't make headlines for breakthrough technology or viral trends -- but it will likely keep doing what it has always done best: serving customers reliably, expand profitably, and compound value steadily. That's a recipe long-term investors can appreciate, making it a credible investment candidate.

Louis Theroux has British Airways sponsorship paused after interview with Bob Vylan frontman
Technology

Louis Theroux has British Airways sponsorship paused after interview with Bob Vylan frontman

We need your help now Support from readers like you keeps The Journal open. You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough. If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it. One-off amount I already contribute Sign in. It’s quick, free and it’s up to you. An account is an optional way to support the work we do. Find out more. Investigates Investigates Money Diaries The Journal TV Climate Crisis Cost of Living Road Safety Newsletters Temperature Check Inside the Newsroom The Journal Investigates Daft.ie Property Allianz Home The 42 Sport TG4 Entertainment The Explainer A deep dive into one big news story Sport meets news, current affairs, society & pop culture have your say Or create a free account to join the discussion Advertisement More Stories Theroux and Bob Vylan frontman pictured as they filmed their interview for Theroux's podcast.Bob Vylan/Instagram Louis Theroux has British Airways sponsorship paused after interview with Bob Vylan frontman The duo were the focus of condemnation and public attention after their performance at Glastonbury earlier this year. 5.16pm, 26 Oct 2025 Share options ENGLISH JOURNALIST LOUIS Theroux has had his podcast’s sponsorship from British Airways paused after he had a sit-down interview with the frontman of controversial punk-rap duo Bob Vylan. The duo were the focus of condemnation and public attention after their performance at Glastonbury earlier this year. Within their set, frontman Bobby Vylan, whose real name is Pascal Robinson-Foster, had chanted “Death, death to the IDF” in reference to the Israeli Defence Forces and its crimes committed against Palestinians in Gaza. The performance was broadcast live on the BBC, which apologised for the airing of the content. In Theroux’s interview with Robinson-Foster, which was broadcast earlier this week, the musician said he did not regret the chant and would repeat it “again tomorrow and twice on Sundays”. The two spoke about Palestine and the reaction from politicians and certain media outlets to the chant. The band had a number of gigs cancelled in the wake of the fallout. Advertisement Theroux’s podcast ‘The Louis Theroux Podcast’ had been sponsored by British Airways, but the airline said it has now paused its sponsorship since the interview, which it said was in breach of its policy. “Our sponsorship of the series has now been paused and the advert has been removed,” a spokesperson said. “We’re grateful that this was brought to our attention, as the content clearly breaches our sponsorship policy in relation to politically sensitive or controversial subject matters. “We and our third-party media agency have processes in place to ensure these issues don’t occur and we’re investigating how this happened.” Bob Vylan’s X account responded to a news report of the sponsorship being paused and said: “They thought they were going to get a dumb angry punk ranting. Instead they got articulate and considered responses to each question with facts to back it up when needed. “Their hope to further vilify me couldn’t run, so they target Louis to make an example for sitting with me. “The lobby groups, the British government and media are determined to make an example of me, all because I dare to want an end to a genocidal occupying force guilty of war crimes.” Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Support The Journal Emma Hickey View 27 comments Send Tip or Correction Embed this post To embed this post, copy the code below on your site Email “Louis Theroux has British Airways sponsorship paused after interview with Bob Vylan frontman”. 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STEVE BORTHWICK meets SIR CLIVE WOODWARD: England's battle plan to win the World Cup, the two things head coach wants from his team this autumn and the letter that stunned Sir Clive
Technology

STEVE BORTHWICK meets SIR CLIVE WOODWARD: England's battle plan to win the World Cup, the two things head coach wants from his team this autumn and the letter that stunned Sir Clive

Almost a quarter of a century ago, following a 2001 Six Nations defeat by Ireland, I wrote to all my players as the then head coach of England. That heartbreaking Dublin loss, in a game delayed until October by a foot and mouth outbreak, meant the team missed out on a Grand Slam for the second straight year. In response, I wanted to reinforce some key and forthright messages. Never in a million years, did I think I would be reminded of them 24 years later when I arrived at Pennyhill Park to sit down with Steve Borthwick – a former squad member of mine and the current England boss. ‘There is a lot of wisdom in this letter,’ Borthwick said with a big grin, handing over the note he received from me. ‘I love your first couple of paragraphs.’ Its title was ‘absolutely no turning back’ and at the bottom, I’d added a hand-written message to Borthwick. It read: ‘Well done. Great attitude all week. Close to starting in game versus Australia. Watching closely next two weeks.’ My initial reaction to receiving the letter from Borthwick told you everything. I was stunned. I couldn’t believe Borthwick had not only kept it for so long but also brought it along to our interview. It was just a brilliant way to start the conversation – one I had really looked forward to for such a long time. When he took on the England job in 2022, Borthwick phoned me and asked to meet. I was more than happy to share any help or advice I could give to a man I worked closely with in the past as a player and who I really wanted to succeed. Since then, we have met a number of times in private and stayed in regular contact. But this was our first public sit down together. ‘I keep everything I think can be helpful – any stuff that can’t be shared easily or read in a handbook,’ Borthwick said. ‘I was on the bench that day in Ireland. And Clive, you didn’t even put me on! As a player, I tried to be knowledgeable. But you can never know as much as when you’re a coach. That letter sticks out to me. I kept it amongst a lot of other things. ‘Through the period I played under you, I remember making notes and thinking at the time it was a special environment. I wasn’t in the 2003 World Cup-winning squad. ‘But I was involved in the preparation and observed the work you did to create an England team that was the best in the world. It was wonderful to be a part of that. ‘Success leaves clues. You’re the only coach who has led the England men’s team to win the World Cup, so you are the most successful coach in English rugby history. It makes sense to me to talk to people like that.’ These were, of course, very kind words for me to hear. But I hope Borthwick knows he has all the tools and the opportunity to emulate my team’s success. Indeed, he can go so much further. Seeking advice and being a sponge for knowledge is crucial. But as a coach, believing in yourself and your approach is what matters most. That is what your players respond to. That said, it says much about Borthwick that he picked up the phone to me. It would have been far easier not to. I remember doing the same when I took on the role, speaking with my predecessor Jack Rowell. Borthwick is the only England coach to have called me since I left. I do not say that to sound glib, but rather to emphasise the humility and confidence I believe it shows Borthwick has. I’ve been hugely impressed by England’s development under Borthwick to the point where the first and most important thing to do when we met this time was to congratulate him on the job he’s done. I’m very excited about what his team can achieve in their four crunch November fixtures, starting against Australia on Saturday. It’s a huge autumn for England. In the summer, while their best players were on Lions duty, the team’s performances in Argentina really stood out. These matches were far more interesting to me and a far bigger story than the events in Australia. England played with a pace I haven’t seen from the national side for a long time. Borthwick clearly had every player chomping at the bit and delighted to be playing for England despite the fact some might have been disappointed to miss out on the Lions. Borthwick’s England side can make a significant statement, with Fiji, New Zealand and Argentina following the Wallabies at Twickenham. ‘I’m proudly English. This is my country. I care about this team,’ Borthwick told me, his passion for the top job in English rugby radiating out of him. ‘As a young boy, I grew up dreaming of playing for this team and then I had the opportunity to captain it. I’ll still care about this team in 20 or 30 years, as you do now. I want our team to be the best in the world. ‘I am proudly patriotic and proud to be coaching my country. I’ll give it everything I have to make us successful. It’s what you did. You’re still invested now. ‘You’ve supported me and been willing to give up your time to share your knowledge and experiences because you want this team to win. That’s an immense credit to you, but I think it also shows once English rugby is inside you, it’s always with you.’ So, what is the goal of Borthwick’s England? His response is unequivocal and entirely the right one. ‘To win the World Cup in 2027,’ he said. ‘We want to win the next World Cup, but we also want to win this week as well. How I describe it to the players and coaches is how are we going to put ourselves in the best position to win in 2027? ‘The job in hand is to win this Saturday. If we have too many people thinking two years ahead, then you’re not concentrating on the here and now. But we’re open about our long-term goal.’ My coaching experience tells me that to win a World Cup, you need to have a world-class player in every position in your team. And I think Borthwick is close to getting to that stage now, even if he is not quite there yet. His squad is the best, I believe since 2003. He has enviable strength in depth to choose from across the board and England have won their last seven Tests. But to me, the team’s success in the past year has been about more than just results and names on a chart. Borthwick has his team playing in a way that I believe really is capable of making them World Cup contenders. I’ve always maintained that in Test rugby, speed is key. For too long, England have been too slow. Not now. Borthwick has brought an all-court game back to English rugby. Not only has it been successful, it has been good to watch too. That’s vital. But it can still go up a notch and that is where selection comes in. I cannot help but feel there is a big selection brewing that can take this team to the next level, just like Jason Robinson took my team to new heights. Ahead of the Australia match, the focus will be on who Borthwick will pick at No 10. Will George Ford retain his shirt from the summer? Or will Fin or Marcus Smith return after both made the Lions tour? But for me, regardless of who is at fly-half, England do still have one big question to answer and that is the midfield. The 12 and 13 positions are far from locked down. And they are nothing short of vital at the highest level, especially the 12 shirt which for me has always been the absolute key to success at the very top level. ‘I think the core of the team is there. The consistency is there,’ Borthwick said. ‘Players can’t be looking over their shoulders all the time. They do need to feel competition for places, but they can’t be fearing that if they make one mistake, they’ll get dropped. ‘In the letter you wrote to me, you talked about how you wanted your England team to play and the message was to play fast and be brave. The familiarity players have with their team-mates gets stronger the more games they play together. ‘And they have to feel backed. But at the end of the day – and you know this better than anyone – you’re accountable for your decisions as coach. Lots of people want to have a say on big issues but have no accountability. We need to move from learning how to win tight Test matches to going into matches with absolute belief we are going to win. ‘Secondly, I want the team to have a belief in how we play. This team has great pace and great playmakers. I want the team to play fast and aggressive. I want to see that against Australia.’ In conversation with Borthwick, it quickly becomes abundantly clear he places significant importance on his team being made up of tried and tested combinations. He wants his players to know what the man next to them is going to do. In many ways, it is commonsense. Chopping and changing a team does not help with success in international rugby. Consistency in selection seems set to define England under Borthwick. Hallelujah. Gone are the days of Eddie Jones’ merry-go-round. ‘A player from outside the group has to play very, very well to usurp someone who’s already in the room,’ said Borthwick. My opinion is Borthwick must play Tommy Freeman at outside centre. He has been a try machine on the wing for Northampton, England and the Lions. Freeman scored four times for Saints against Saracens and to me is a natural fit for the 13 jersey. Borthwick continued: ‘There are a couple of positions where we’re still waiting for someone to come and own the shirt. ‘I think everyone can see centre is one of those areas. We’ve got a number of good players in that area, but we’ve got to ensure the right combination is there. ‘That’s one of the things we’re working on. Fraser Dingwall is a real glue player. A lot of the stuff he does you don’t see, but he makes other players around him better. ‘Ollie Lawrence has the potential to be a different sort of 12 – a power runner. Max Ojomoh is playing well and there’s Seb Atkinson too who is unfortunately now injured. ‘He was great in the summer. I was hugely impressed by him. His fitness is incredible. He’s one of the fittest in the world.’ Looking forward, I would love to see Atkinson at 12 and Freeman at 13. For me, those two are the final part of the jigsaw. In 1999, I made Pennyhill Park in Bagshot our permanent training base. Returning brought back a rush of emotions and a whole range of different memories. Some good. Some sad. Most importantly, I was happy to see my picture still on the wall in the hotel reception! Pennyhill is, however, now almost unrecognisable from when I was coach. It has all the facilities a Test team could ask for. England don’t lack for anything. There can be no excuses, and Borthwick again should take huge credit for the environment he’s created as it does make a difference. A defining campaign awaits. England can win all four of their November matches and that includes beating the All Blacks. To be taken seriously as genuine World Cup contenders, they must have such lofty ambitions. Borthwick is undoubtedly happy. He is enjoying the role. Indeed, I can see greater confidence and swagger in him since our first meeting in January 2023 which is fantastic. I found him to be open and engaging which he has always been with me – the exact opposite of how he is often characterised. I was also pleased to hear his side has planned for all number of different scenarios when on the field, something I was big on. As a coach, I’d write various different match situations on the board while in meetings. We wouldn’t leave the room until we’d agreed on the right response. I wanted the players to have a ‘T-CUP’ mantra – thinking correctly under pressure. I don’t think other England teams have been successful in doing this. Borthwick’s England are ticking all the right boxes. They have a team full of young, talented players and an excellent squad culture. Borthwick’s attitude will rub off on those around him. It was also interesting for me to hear that he does still send the odd letter as coach, even in the modern world where WhatsApp and other forms of communication are more common. The sky is the limit for this England team. I wish Borthwick and his players all the best in the next month and beyond. I loved playing for and coaching England. Time moves on, but one thing I do know is I will always be an England fan. And now is a great time to be a supporter of the country’s rugby sides – both male and female. ‘You know there are always tough times in this job,’ Borthwick said as our hour-long conversation came to an end. ‘But I love it. We can win and I still get a lot of feedback! A lot of people want to give their opinion and I’ve seen other coaches stop trusting their instincts as a result. There are two or three people I listen to who I know I can have a good conversation with and it won’t go any further. They’re willing to challenge my thoughts. ‘I work with a group of players who really care and want to do brilliantly well for their country. There is incredible expectation on the England rugby team and with that comes huge scrutiny. We’ve got millions of supporters and eyes on us. ‘But would you rather be involved in something that doesn’t have great expectations and a great following? I wouldn’t.’

US and China say trade deal drawing closer as Trump and Xi prepare to meet
Technology

US and China say trade deal drawing closer as Trump and Xi prepare to meet

Beijing recently limited exports of rare earth elements that are needed for advanced technologies, and Mr Trump responded by threatening additional tariffs on Chinese products. The prospect of a widening conflict risked weakening economic growth worldwide. China’s top trade negotiator, Li Chenggang, told reporters that the two sides had reached a “preliminary consensus”, while Mr Trump’s treasury secretary, Scott Bessent, said there was “a very successful framework”. Mr Trump also expressed confidence that an agreement was at hand, saying the Chinese “want to make a deal and we want to make a deal”. The Republican president is set to meet Mr Xi on Thursday in South Korea, the final stop of his trip through Asia. Mr Trump reiterated that he plans to visit China in the future and suggested that Mr Xi could come to Washington or Mar-a-Lago, Mr Trump’s private club in Florida. Mr Bessent told CBS’s Face The Nation that the threat of additional higher tariffs on China was “effectively off the table”. In interviews on several American news shows, he said discussions with China yielded initial agreements to stop the precursor chemicals for fentanyl from coming into the US, and that Beijing would make “substantial” purchases of soybean and other agricultural products while putting off export controls on rare earths. The progress toward a potential agreement came during the annual summit of the Association of Southeast Asian Nations, in Kuala Lumpur, with Mr Trump seeking to burnish his reputation as an international dealmaker. Yet his way of pursuing deals has meant serious disruptions at home and abroad. His import taxes have scrambled relationships with trading partners while a US government shutdown has him feuding with Democrats.

2 arrested in killing of San Francisco strip club manager: PD
Technology

2 arrested in killing of San Francisco strip club manager: PD

(KRON) — Two former employees of San Francisco’s Condor Club were arrested on Oct. 24 for allegedly shooting the strip club’s manager to death outside his Santa Rosa home weeks earlier. The victim, 60-year-old Mark Calcagni, was shot on Oct. 3 near the intersection of Brookwood Avenue and Birdsfoot Way, according to the Santa Rosa Police Department. His body was found lying in the bike lane of Brookwood Avenue at 6:25 a.m. “Although the case initially faced challenges due to limited evidence, VCI detectives remained persistent, following leads through witness interviews, surveillance footage, and digital evidence,” Santa Rosa PD said. “Their efforts ultimately led to the identification of two suspects.” The suspects arrested in the case are 43-year-old Richard Lund and 25-year-old Asia Morton. “Detectives believe Lund fatally shot Calcagni after waiting for him to return home from work in the early morning hours of Oct. 3, 2025,” Santa Rosa PD said. “Morton, who was in a romantic relationship with Lund, is believed to have helped him plan the attack.” Santa Rosa PD detectives arrested Lund at an apartment complex on the 7500 block of St. Patrick Way in Dublin, where he and Morton lived. Detectives also served a search warrant at the apartment to gather evidence in the case. Morton was arrested at the San Francisco International Airport later that day, while returning to the Bay Area from an international trip.

Apple is reportedly getting ready to introduce ads to its Maps app
Prediction: This Artificial Intelligence (AI) Stock Will Join Nvidia, Microsoft, Apple, and Alphabet in the $3 Trillion Club by 2027
Technology

Prediction: This Artificial Intelligence (AI) Stock Will Join Nvidia, Microsoft, Apple, and Alphabet in the $3 Trillion Club by 2027

The $3 trillion club is getting surprisingly crowded. After Apple became the inaugural member, Microsoft and Nvidia have since gone further, and Nvidia's value has climbed over $4 trillion. Last month, Alphabet joined the party, but it's been hanging on its back foot near the entrance as its market cap wavers up and down. Over the next two years, we'll likely see at least one more company climb into the ranks of the $3 trillion club. It's a good bet the company will be closely tied to artificial intelligence (AI), as AI spending is expected to keep growing through the end of the decade. But even if AI growth falters, this company is well positioned to find itself in the $3 trillion club in the near future. Here's why I predict Amazon (AMZN +1.43%) will join the megacap elite by 2027. The cloud computing leader Amazon is the pioneer in infrastructure-as-a-service with its Amazon Web Services business. Over the last 20 years or so, it's grown to become a $120 billion business, far bigger than Microsoft's $75 billion Azure cloud business or Alphabet's $50 billion Google Cloud. But many are concerned that its smaller rivals got a leg up when it comes to AI services. To be sure, Microsoft's growth has been impressive, and Alphabet is seeing strong relative growth. But Amazon is building infrastructure as fast as it can, and management has reiterated that demand exceeds its supply as it works to build out capacity. That's a sentiment shared by Microsoft and Alphabet. In the meantime, Amazon's AI services revenue is growing at a triple-digit rate off a multibillion-dollar revenue base. However, Amazon is in a prime spot to benefit from the increasing investment in AI, as well as the ongoing shift of business computing from local servers to the cloud. That long-term trend can provide consistent sales growth even if AI spending slows. But the growth of AI and broader adoption from businesses could accelerate the long-term trend of migrating other computing needs to AWS. That should make investors more comfortable with the huge amounts management is spending to meet demand for AI services. Management plans to spend over $100 billion on capital expenditures in 2025 to build out data centers. That's weighed on free cash flow, which fell to just $18 billion in the trailing 12 months from $53 billion in the 12 months prior. Not only is that spending supported by the expected growth in demand, but Amazon is a market leader in two other businesses as well. The increasingly profitable core business While Amazon's cloud business gets all the attention amid the current AI boom, it's also the largest online retailer in the world. And that retail business is becoming increasingly profitable, ensuring it still accounts for around 40% to 45% of operating income despite the rapid growth of AWS. Two of the biggest factors improving profitability for the retail business are Amazon's Prime subscriptions and its logistics operations. Amazon's subscription services revenue, which mostly consists of Prime memberships, consistently grows about 10% per year. That's not slowing down as management continues to increase the benefits of being a Prime subscriber, including the addition of premium content to its streaming service, its partnership with Grubhub, and more. Despite the growing list of benefits, Amazon's able to more than offset the costs through the subscription price and increased revenue in other parts of the business used by Prime members. On top of that, Amazon's logistics overhaul and AI-powered inventory management has helped lower the cost of fulfilling orders while increasing delivery speeds, making Prime membership even more attractive and profitable. Amazon saw paid units increase 12% in the second quarter, but shipping costs only increased 6%. That's benefited the operating margin for its retail business. But the biggest impact on Amazon's operating margin for its retail operations stems from its growing advertising business. Although Amazon advertising is closely tied to its retail business, it now extends well beyond it, including video ads on streaming services. Advertising revenue accelerated in the second quarter, climbing 22% year over year. And since it's such high-margin revenue, it lifted Amazon's overall North American operating margin to 7.5%, up 190 basis points from last year. These trends should continue to benefit Amazon's profitability while AWS growth remains the driving force for operating income. The path to $3 trillion Amazon's biggest financial focus has always been long-term free-cash-flow growth. The massive AI buildout has been a major damper on that metric. But Amazon should start to see rapid improvements in free cash flow as AWS spending normalizes and the retail business continues to increase its operating margin. It's not unreasonable for Amazon stock to trade for a 2% free-cash-flow yield, given the company's focus on constantly growing the amount of cash it generates. For it to reach a $3 trillion valuation, it would need to generate $60 billion in free cash flow in 2027. That might sound like a big ask for a company that managed less than a third of that amount over the past year, but it's doable. Remember, Amazon generated $53 billion in 12 months between 2023 and 2024. Steady operating-cash-flow growth and limited growth in capital expenditures could push Amazon close to $60 billion in annual free cash flow. But investors may be willing to stretch that multiple significantly if Amazon shows strong AI demand pushing revenue and margins higher for AWS, leading management to spend more on data centers in the near term. With a current market cap around $2.3 trillion, $3 trillion looks within reach for Amazon in the next couple of years.

Should You Buy Nvidia (NVDA) Stock Before Nov. 19??
Technology

Should You Buy Nvidia (NVDA) Stock Before Nov. 19??

After a couple of years of blistering gains, stocks driven higher by artificial intelligence (AI) are beginning to experience more moderate growth. This inevitable downshift has some investors asking if the adoption of AI still has legs now that the initial hype has subsided. Take Nvidia (NVDA +2.26%) stock, for example. The company's graphics processing units (GPUs) were the first chips available with enough computational horsepower to power these next-generation AI models. As the undisputed frontrunner, it quickly became the gold standard and flag bearer for AI. More recently, however, the specter of competition and slowing growth has raised concerns that Nvidia's best days are behind it. The company is scheduled to release the results of its fiscal 2026 third quarter after the market close on Wednesday, Nov. 19, and shareholders -- and indeed Wall Street at large -- will be paying close attention to see what the future holds for AI. Let's take a look at the company's recent results and expectations for growth in the space to see if Nvidia stock still represents a compelling opportunity heading into its highly anticipated financial report. Slowing growth For its fiscal 2026 Q2 (ended July 27), Nvidia delivered revenue of $46.7 billion, which soared 56% year over year and 6% sequentially. This robust top-line growth fueled strong earnings per share (EPS) of $1.08, which surged 82%. Lest there be any doubt, it was the continuing adoption of AI that fueled the results, as revenue in its data center segment jumped 61%. Management expects the company's growth streak to continue. For its fiscal 2026 Q3 (ending Oct. 27), management is guiding for revenue of $54 billion, which would represent year-over-year growth of 54%. Wall Street is equally bullish, with analysts' consensus estimates calling for revenue of $54.66 billion and adjusted EPS of $1.24. While this would mark a slight deceleration from Q2, it would still represent compelling growth, particularly on top of triple-digit growth in the prior-year quarter. The build-out continues The popular narrative suggests the data center build-out to support the adoption of AI -- especially evident among the major cloud providers and large tech companies -- is on the downslope, but the evidence suggests otherwise. According to Del'Oro Group, data center spending rose 43% year over year in Q2, while accelerated server spending rose 76%. This higher infrastructure spending is expected to continue. For example, the so-called "Four Horsemen of AI" -- namely, Microsoft Azure, Amazon Web Services, Alphabet's Google Cloud, and Meta Platforms -- have all boosted plans for additional capital expenditure (capex) spending in 2025, with much of that spending earmarked for the additional servers and data centers needed to support AI. Microsoft -- $120 billion. Amazon -- $118 billion. Alphabet -- $85 billion. Meta -- $68 billion at the midpoint of its range. Nvidia CEO Jensen Huang expects data center spending of between $3 trillion and $4 trillion by the end of the decade. The company dominates data center GPU spending, controlling an estimated 92% of the market, according to IoT Analytics, so it has the most to gain from the current build-out. Is the stock a buy before Nov. 19? The biggest question for shareholders right now is whether Nvidia stock will rise or fall after the company reports earnings. Frankly, I have no clue. Here are my very vague predictions: Nvidia will announce another quarter of record revenue (a low bar, I know). The company will likely beat analysts' consensus estimates (which it has a tendency to do anyway). Beyond that, your guess is as good as mine, and my prognostications could fall short. What we do know is this: Nvidia remains the gold standard for data center GPUs, and the AI-related build-out continues. In recent months, rivals have made headlines with some big contract wins, but frankly, so has Nvidia -- and competition was always going to be a factor. Estimates regarding the size of the AI market continue to ratchet higher. While most conservative approximations begin at $1 trillion, some more bullish estimates suggest the market could be as much as 15 times higher. Then there's Nvidia's valuation. The stock currently sells for 28 times next year's expected earnings. While you might be tempted to think that's expensive, consider this: Wall Street is forecasting Nvidia's revenue growth at more than 26% annually over the coming five years. I'd argue that's a fair price to pay for a company at the heart of the AI revolution.

Beyond Chips: AI Infrastructure Spending Is Projected to Hit $490 Billion -- Who Benefits Most?
Technology

Beyond Chips: AI Infrastructure Spending Is Projected to Hit $490 Billion -- Who Benefits Most?

For investors, artificial intelligence (AI) is the gift that keeps giving. Despite worries about the economy -- high interest rates, a sluggish job market, tariffs, high prices, and a government shutdown -- the stock market keeps rolling along, powered by AI stocks that have no intention of slowing down. AI infrastructure spending is expected to hit $490 billion next year, and to jump as high as $2.9 trillion through 2029. With that level of spending, it's no wonder why investors are continuing to pile into AI stocks. But who is going to be the biggest winner in all this spending, as tech companies are scrambling to get a piece of the pie? In my view, it's the two companies with the biggest competitive moats -- Taiwan Semiconductor Manufacturing (TSM +1.54%) and ASML (ASML 0.28%). Taiwan Semiconductor Manufacturing There's a rush to make high-performing semiconductor chips. Among other uses, semiconductors power data centers that companies are using to manage AI-powered programs and large language models, plus developing new features. Nvidia, Advanced Micro Devices, Amazon, Apple, Qualcomm, Alphabet, and others are making these chips -- but they're all turning to Taiwan Semiconductor, or TSMC, to fabricate them. "They are a world-class foundry and support customers of diverse needs. You can't overstate the magic that is TSMC," Nvidia CEO Jensen Huang gushed last month. TSMC owns roughly 70% of the semiconductor foundry market, according to Statista. The company is in demand because it's one of the few that can make 3 nanometer (nm) chips, and it's working on mass producing 2nm chips this year. The smaller the transistor sizes, the more transistors TSMC can squeeze into a chip, making them exponentially more powerful. TSMC gets about 60% of its revenue from 3nm and 5nm chips. Nvidia is the unquestioned leader in designing high-powered graphics processing units (GPUs) that are essential to top AI functions, but it will be under pressure in coming quarters as other top companies ramp up their own chipmaking efforts. No matter who comes out on top in that fight, however, TSMC will be the fabricator of choice. That's why it's poised to be a big winner from the AI infrastructure boom. Based in the Netherlands, ASML is the only company in the world making extreme ultraviolet (EUV) lithography machines, which are used to make small, advanced circuits on semiconductor chips. They work better than deep ultraviolet (DUV) machines because they reflect light using mirrors, rather than refracting it with lenses. That allows ASML's EUV machines to print smaller and finer -- and gives chipmakers the ability to make more powerful chips. The company has a massive growth window in front of it. Revenues for 2024 were 28.3 billion euros ($32.85 billion), with gross margins of 51.3%, and management says it expects to have annual revenue between 44 billion euros and 60 billion euros ($51.08 billion to $69.65 billion) by 2030 and gross margins between 56% and 60%. If it achieves those numbers, ASML will have a compound annual growth rate (CAGR) of 13.2% at the top end. For the third quarter of fiscal 2025, ASML posted revenue of 7.5 billion euros ($8.71 billion). And despite the expected dramatic drop in China net sales in 2026 because of export restrictions imposed by the Dutch government, the company expects to see positive global sales growth next year. The bottom line TSM data by YCharts TSMC and ASML stocks are seemingly moving in tandem these days -- both are up 47% on the year, and both have a strong growth story. AI companies are going to battle for the next several years to gain supremacy and market share as they seek to capitalize on the massive opportunity in artificial intelligence. But no matter which of these companies come out on top, they'll be turning TSMC to build the chips. And TSMC will need ASML's groundbreaking equipment to make that happen. Both companies are perfectly situated to profit from the explosion in AI infrastructure spending, and that's why I see them as the true winners in the years to come.

News by Acceswire on TradingView, 2025-10-26 - TradingView
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News by Acceswire on TradingView, 2025-10-26 - TradingView

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Is the Vanguard Information Technology ETF (VGT) the Smartest Investment to Buy With $1,000 Right Now?
Technology

Is the Vanguard Information Technology ETF (VGT) the Smartest Investment to Buy With $1,000 Right Now?

You don't need to be wealthy to make a lot of money in the stock market. In fact, with the right stocks, you could generate hundreds of thousands of dollars or more with just a single $1,000 investment. Exchange-traded funds (ETFs) can be a fantastic option for those looking to build long-term wealth with minimal effort. Each ETF contains a collection of stocks, bundled together into a single fund. They require a fraction of the research involved in buying individual stocks, making them low-maintenance passive investments. Each ETF will have its own unique strengths and weaknesses. But if you're looking to maximize your earnings in the stock market while barely lifting a finger, the Vanguard Information Technology ETF (VGT +1.56%) could be a fantastic buy. A safer way to invest in tech stocks The Vanguard Information Technology ETF contains 314 stocks, all from the technology industry. Investing in a tech-focused fund can be a simpler way to gain exposure to this sector, and because you're investing in hundreds of stocks at once, that can increase your diversification and mitigate risk. This ETF covers all corners of the tech sector, and it also offers a healthy balance of risk and reward. Nvidia, Microsoft, and Apple round out the top three holdings, and together they make up nearly 44% of the entire fund. The remaining 56% of the fund comprises an additional 311 stocks. Investing in a mix of industry leaders and smaller corporations can help limit risk while still maximizing your earnings. Smaller stocks have potential for explosive earnings, while massive corporations like Nvidia, Microsoft, and Apple can add some stability. While even the strongest companies can face short-term volatility, these blue chip juggernauts are more likely to pull through even severe market slumps. One risk factor to consider with this fund is that it can experience more severe fluctuations in the short term. The tech industry in general is prone to significant ups and downs. While the prosperous periods can be lucrative, the downturns are often rough. During particularly severe slumps, this fund may even underperform the market. Before you buy, be sure you're willing to hold this investment for at least a few years. The market will face another downturn eventually, and staying invested until stock prices recover is the best way to avoid losing money. Just be prepared to keep a long-term outlook when investing in a tech ETF. Turning $1,000 into $556,000 with next to no effort Despite short-term volatility, tech stocks have significantly outperformed the S&P 500 (SNPINDEX: ^GSPC). In fact, over the last 10 years, the Vanguard Information Technology ETF has earned an average rate of return of 23.45% per year. For context, the Vanguard S&P 500 ETF (VOO +0.82%) -- which tracks the S&P 500 index -- has only earned a 15.26% average annual return in that time, and the market's long-term average sits at around 10% per year. If you were to invest $1,000 right now while not making any additional contributions, it could add up to close to $556,000 after 30 years, assuming you continue earning a 23.45% average annual return. To really supercharge your savings, you could invest a small amount monthly. Say, for instance, you contribute $50 per month rather than making a $1,000 initial investment. Here's roughly how much you could accumulate over time, depending on the returns you're earning: There is no guarantee that this ETF will continue earning returns at the rate it has over the last 10 years. But even if it earns slightly lower returns, you could still accumulate hundreds of thousands of dollars over time with just $50 per month. If you can afford higher monthly contributions, it could exponentially increase your total earnings. Investing in a tech-focused fund like the Vanguard Information Technology ETF does come with increased risk compared to, say, an S&P 500 ETF. But if you're willing to take on slightly more risk for the chance at earning higher returns, you could generate life-changing wealth over time.

Cork forum to tackle anti-social behaviour and speeding crimewaves
Technology

Cork forum to tackle anti-social behaviour and speeding crimewaves

Councillors representing the Carrigaline area are so concerned about anti-social behaviour in the town park/skateboard facility, they’re demanding undercover gardaí and gardaí on bicycles start patrolling it regularly. Fine Gael councillor Jack White described it as “heartbreaking” to get a call from a father of three young boys telling him he considered it no longer safe for them to go into the skatepark because of anti-social behaviour. Fianna Fáil councillor Patrick Donovan said he was recently in the park at 5pm, “and wouldn’t say it is the safest place — which is very sad". He said councillors have been looking for extra garda resources in the town for a long time, and something has to be done “because some of these kids have no fear of the law.” Unruly youth They made their comments after Fine Gael councillor Una McCarthy put down a motion to write to senior gardaí, requesting an increased garda presence in response to ongoing incidents of anti-social behaviour in the park. She said unruly youth congregating in there were also throwing eggs and other projectiles at passing cars, which is potentially very dangerous. Mr White said refuse bins in the park are being regularly set alight. “It’s sad this is happening in such a public space,” added Sinn Féin councillor Eoghan Fahy, who said anti-social behaviour by youths is getting out of control in other areas of the municipality. Meanwhile, news that the Cork forum is to be set up was delivered to councillors representing the Fermoy municipal district by their officials. It was announced after Independent councillor William O’Leary asked for quarterly meetings to be set up between local gardaí and the municipal district to tackle public safety, speeding, and other issues arising on regional and local roads. Mr O’Leary said the council used to have such meetings prior to the covid pandemic, adding that it’s essential that they are restarted. He was informed that the county council is to establish a community safety partnership, hopefully before the end of this year. It will have senior gardaí, community, representatives, and council staff and councillors on it. Mr O’Leary said that, while there may be anti-social issues in his region, the main cause for concern is speeding. “As local elected representatives, we're on the ground and we hear the issues. There are serious speeding issues on some of our roads,” he said. Fianna Fáil councillor Deirdre O’Brien said the council is continuously putting in traffic calming measures, which cost a fortune, to reduce speeding, but the only proper way to combat it is through garda enforcement. “If people get fines, it will hit them in the pocket and slow them down,” she added. “We need a joined up approach,” Fine Gael councillor Kay Dawson said. Fianna Fáil councillor Frank O’Flynn asked whether there would be just one countywide body set up or if there would also be forums for the eight municipal district councils as well. Officials said that has yet to be decided. Mr O’Flynn urged councillors to tell senior council management that municipal forums need to be established.