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News from October 28, 2025

1027 articles found

Fintech lender SoFi lifts 2025 profit forecast after record quarter
Technology

Fintech lender SoFi lifts 2025 profit forecast after record quarter

SoFi Technologies raised its annual profit forecast above Wall Street estimates on Tuesday after a surge in fee-based revenue fueled record third-quarter results for the financial technology major. Shares of the company rose 3.8 per cent in premarket trading after the results. The company has grown into one of the most prominent names in the U.S. fintech industry, evolving from a student-loan refinancing startup into a full-fledged financial services firm, offering everything from IPO investing to credit cards and savings accounts. Its ascent to a roughly $36 billion juggernaut has mirrored the rise of younger consumers, who are turning away from traditional banks in favor of app-based platforms. SoFi now expects full-year 2025 adjusted earnings per share of about 37 cents, versus 31 cents per share earlier. Analysts had expected 32 cents per share, according to estimates compiled by LSEG. STRONG DEMAND SoFi's financial services business saw revenue surge 76 per cent in the quarter to $419.6 million. Consumer appetite for credit and investment products has kept demand for financial services steady through a period of economic uncertainty. "The health of our members is strong and our portfolio is in great shape," SoFi CEO Anthony Noto told Reuters, adding that credit performance had been "excellent" in the reported quarter, with net-charge-offs improving. Fintech lenders are looking to take market share from traditional banks by offering digital platforms and products that appeal to younger, tech-savvy customers. SoFi reported record total loan originations of $9.9 billion, up 57 per cent from a year ago, thanks to strong demand across personal, student and home loans. Fee-based revenues surged 50 per cent in the quarter over the previous year. CRYPTO PUSH Once dismissed as a speculative fringe, the crypto sector has steadily gained legitimacy in the financial world. Noto said SoFi was on track to launch crypto trading this year, and "SoFi USD stablecoin will be coming in the first half of 2026". The lender's third-quarter adjusted revenue increased 38 per cent to a record $950 million from a year earlier, beating an expectation of $886.6 million. Adjusted profit more than doubled to 11 cents per share in the three months ended September 30, topping an expectation of 8 cents.

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‘Dacoit - Ek Prem Katha’ Postponed: Adivi Sesh and Mrunal Thakur Unveil New Release Date and Powerful Poster (View Pic)
Technology

‘Dacoit - Ek Prem Katha’ Postponed: Adivi Sesh and Mrunal Thakur Unveil New Release Date and Powerful Poster (View Pic)

The release date of Adivi Sesh and Mrunal Thakur starrer Dacoit: Ek Prem Katha has been postponed. Anurag Kashyap in ‘Dacoit – A Love Story’: Actor’s First Look As Inspector Swamy From Adivi Sesh and Mrunal Thakur’s Film Unveiled (See Pic). The film Dacoit: Ek Prem Katha is now slated to release in theatres on the occasion of Ugadi, March 19, 2026. Taking to his X handle, actor Adivi Sesh shared the release date announcement of the film. The lead duo, Adivi Sesh and Mrunal Thakur, unveiled an intense new poster today, officially announcing the revised release date. New Release Date Announced for Adivi Sesh–Mrunal Thakur’s Intense Love Story Ee Saari Mamulga undadhu ❤️‍🔥 There’s NO LOOKING BACK#DACOIT This UGADI MARCH 19th 2026 in Theaters WORLDWIDE pic.twitter.com/KaxruBidTN — Adivi Sesh (@AdiviSesh) October 28, 2025 Dacoit promises an electrifying cinematic experience, seamlessly blending high-octane action, raw emotion, and gripping drama. With the fiery chemistry between Sesh and Mrunal, and Anurag Kashyap in a pivotal role, the film is poised to make a lasting impact., Marking Shaneil Deo's directorial debut, this ambitious project is produced by Supriya Yarlagadda, co-produced by Suniel Narang, and presented by Annapurna Studios. Shot simultaneously in Hindi and Telugu, the film's story and screenplay have been jointly crafted by Adivi Sesh and Shaneil Deo. On being a part of the film, Anurag said that this role is both fun and challenging for him and getting the same impact in both languages is a challenge that he is thoroughly enjoying. ‘Dacoit’: Mrunal Thakur and Adivi Sesh Sustain Minor Injuries While Shooting High-Octane Scene for Their Upcoming Film in Hyderabad – Reports. "Playing a police officer who is an Ayyappa devotee is both fun and challenging. The conundrums of duty versus dharma, and to go about doing his job with a dry sense of humour, is fantastic. I am truly looking forward to playing this character in two languages, shooting in Hindi, as well as in Telugu. To get the same impact in both the languages is the challenging part, something I am thoroughly enjoying," he said in a press note.

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More pressure needed to end Russia's war on Ukraine: Finnish FM
Technology

More pressure needed to end Russia's war on Ukraine: Finnish FM

Alongside Poland and the Baltic states, Finland – which shares NATO’s longest border with Russia – is also withdrawing from the 1997 Ottawa Convention, which bans anti-personnel landmines. All these come amid growing concerns over Russia’s long-term threat to European security. “We are ramping up our defence and deterrence across Europe and NATO quite massively, and that is certainly in the right direction. Not in order to threaten anybody – that seems to be the Russian narrative – but in order to stay safe,” Valtonen said. “We have always invested very heavily in our defence and deterrence, and we are happy now that the rest of Europe is doing the same. Together, we are so much stronger.” Finland’s defence minister Antti Hakkanen said earlier this month that Russia will continue to be a major threat to NATO even after the war in Ukraine, citing a new build-up of Russian forces. Valtonen noted: ‘Unfortunately, we are witnessing that Russia's aggression (is not limited) to Ukraine … (Moscow) is interested in military power and subjugating other nations.” She emphasised that Ukraine must not be forced to cede territory to end the war, warning that doing so would undermine the very foundations of international law. “If we now accept a peace deal which essentially tears apart the territorial integrity and the sovereignty of nations – the key components of the UN Charter and international law – that will have global implications,” she warned. “Most certainly, small nations can't feel free anymore because then we kind of accept that you can use violence to change borders. Everybody hopes to live in a world where we have peace and respect for each other, and adhere to international law.” Finland’s stance is shaped by its own history. The Soviet Union invaded Finland in 1939 after Helsinki refused to meet Moscow’s territorial demands. The conflict ended with the Moscow Peace Treaty of 1940, which forced Finland to cede about 10 per cent of its territory. The Finnish foreign minister is on an official visit to Singapore – the final stop of her Southeast Asia tour, which included a stopover in Jakarta and participation in the ASEAN Summit in Kuala Lumpur, Malaysia.

Darrelle Ng
The Hidden Perk of Having Your Debit Card Canceled
Technology

The Hidden Perk of Having Your Debit Card Canceled

When a fraud alert led to my bank canceling my debit card, I thought it was a nightmare. Once the new one arrived, I had to update every bill and subscription and deal with the awkward "payment declined" moments that followed. It felt like one more modern inconvenience in a world already full of them. But a week later, I realized the whole thing was a blessing in disguise. A forced pause that revealed waste Without a working debit card, every recurring charge suddenly hit a wall. Streaming services, app renewals, and monthly "free trials" I'd forgotten about all tried and failed to run. Each failed payment came with an alert. And with every one, I had to decide: Do I still need this? Turns out, the answer was "no" a lot more than I expected. I canceled a dozen old subscriptions and stopped a handful of others I barely used. My checking account balance looked healthier almost immediately. And that's extra cash I can immediately transfer to my high-yield savings account to start earning interest on. The best high-yield savings accounts are still earning around 4.00% APY now. Check out this list to compare options and start rewarding yourself for every dollar you save. Why this happens to everyone Most people underestimate how many small charges slip through each month. According to multiple budgeting studies, the average American spends well over $200 a month on subscriptions. If the quick math you just did in your head adds up to less than $200 a month, you're probably paying for subscriptions you forgot about. A card cancellation creates something rare: a full reset. It forces you to see your spending in real time and decide which charges actually matter. Turning inconvenience into advantage I used to think card cancellations were just a hassle. Now I see them as a free financial audit. It also pushed me to make a smarter setup. Instead of using my debit card for every recurring bill, I've moved most of them to a travel credit card. That adds fraud protection, rewards, and a simple separation between everyday spending and direct access to my bank account. If you're doing the same, start by comparing the best cash back cards and top travel cards to make sure your spending is working for you. The small reset that pays off Getting your debit card canceled feels like a headache, but it can also be a clean financial restart. Sometimes the best budget insight doesn't come from an app -- it comes from an unexpected pause that makes you look at where your money's really going.

Jake FitzGerald
Social Security Is About to Complete a Major Rule Change Congress Established Over 40 Years Ago, and New Changes Could Be Coming Soon
Technology

Social Security Is About to Complete a Major Rule Change Congress Established Over 40 Years Ago, and New Changes Could Be Coming Soon

In early 1983, Congress convened as Social Security was just months away from being unable to pay all the benefits due to retirees. It took bipartisanship and significant compromises from various interest groups, but the new law ultimately pulled Social Security back from the brink. At the time, the best forecast from Social Security's actuaries said the program would last at least another 75 years. Forty-two years later, Social Security is still evolving from the laws enacted by that 1983 Congress. 2026 will see the last of those changes come to a completion, but today's Congress may have to act to keep changing Social Security to prevent another situation like we nearly saw 42 years ago. The big change coming next year Many of the changes Congress put in place in 1983 went into effect over the following year. However, one big change has been spaced out to ensure it didn't adversely impact existing retirees and workers had plenty of time to adapt to the changes. That's the increase in the full retirement age. The full retirement age is the age at which you're eligible to receive your primary insurance amount, or full benefits. Claiming before that age results in a reduction in monthly payments relative to your full benefits. Retirees are also able to delay Social Security, earning an increase in their monthly payment up until they reach age 70. Before the 1983 law, the Social Security full retirement age was 65 years old. Anyone born before 1938 could collect their primary insurance amount at that age. But starting in 2003, 1938 birthdays had to wait two months longer to collect full benefits. The full retirement age continued increasing by two months for each year someone was born after 1938. That transition ended in 2008, as everyone born in 1943 had to wait until 2009 (when they turned 66) to claim full benefits. We're currently in the midst of a second phase of the transition. Anyone born between 1943 and 1954 had a full retirement age of 66, but that age increases by two months for every year you were born after 1954 until reaching age 67 for those born in 1960 or later. That means 2026 is the last year anyone younger than 67 will be eligible for their primary insurance amount. Unfortunately, that might not be the end of the push to increase the full retirement age. And the changes may go into effect much more quickly than they did in 1983. Social Security is facing another shortfall While Congress isn't cutting it nearly as close as it came to not paying out full benefits in 1983, Social Security's chief actuary estimates we're just seven years away from depleting the Old Age and Survivors Insurance trust fund. At that point, the program is only legally able to pay out as much in benefits as it brings in revenue. That's estimated to be about 77% of benefits due in 2032. Astute readers will note 2032 is less than 75 years after 1983. Actuaries had expected the program to last at least 75 more years after Congress enacted the new law, but it could face another shortfall less than 50 years later. There are a couple of reasons why the actuaries got it wrong. The first is the growing wage gap. Social Security taxes only apply up to a certain amount of wages per employee each year. Back in 1983, 90% of wages paid were subject to Social Security tax. However, as the highest earners saw their wages rise faster than lower earners, that percentage has declined. In 2022, only 82% of earnings were subject to Social Security tax. The bigger issue is the demographic shift that's occurred over the last two generations. Younger people aren't having as many kids. Meanwhile, baby boomers are reaching retirement age. As a result, we've seen an influx in retirees without as much growth in working-age Americans to support them. So, there's a big outflow of benefits starting this decade without as big of an increase in tax revenue. Numerous proposals have been sent to the Office of the Chief Actuary to assess how they would impact the long-term health of Social Security. Like the 1983 law, Social Security will require multiple changes to put it back on a path to sustaining another 75 years of benefit payments. Unfortunately, it looks like changes will need to come more swiftly, possibly negatively impacting Americans nearing retirement age. Some call for immediate increases in the full retirement age. Others call for immediate increases in the Social Security tax rate and raising the cap on earnings subject to the tax. Congress waited until Social Security was literally days away from failing to pay full benefits in 1983; nobody wants to repeat cutting it that close. The longer Congress waits, the more swiftly and drastically it'll have to make the changes to Social Security. That could have huge affects on many Americans' retirement plans, and it might not provide enough time for them to do much about it.

Adam Levy
Inspirational! 7-Month Pregnant Delhi Cop Sonika Yadav Lifts 145 Kg to Win Bronze Medal in All India Police Weightlifting Cluster 2025-26 (Watch Video)
World

Inspirational! 7-Month Pregnant Delhi Cop Sonika Yadav Lifts 145 Kg to Win Bronze Medal in All India Police Weightlifting Cluster 2025-26 (Watch Video)

Delhi cop Sonika Yadav, who is seven months pregnant, defied limits while setting an inspirational example, as well as lifting 145kg to win the bronze medal at the All India Police Weightlifting Cluster 2025-26, which was held in Andhra Pradesh from October 13 to 17. The female constable did not let pregnancy get in her way of pulling off this incredible feat as she lifted 145kg in the competition to clinch the bronze medal. What's even more incredible is the fact that the 31-year-old was set to lift 135kg but realised that it perhaps would not have won her a medal. Hence, she lifted 145kg instead and secured a spot in the podium. In total, she lifted 350 kg in the 84+ kg weight category and won hearts all over with his display of sheer power and determination. Delhi police shared a video of her incredible feat on social media. Who Was Rohini Kalam? Know All About Indian Jiu-Jitsu Player and Administrator Who Died By Suicide at 35. 7-Month Pregnant Cop Sonika Yadav Lifts 145 Kg to Win Bronze Medal 🏋️‍♀️Defying limits, redefining strength💪 W/Ct. Sonika of @DcpNorthDelhi clinched Bronze medal at the All India Police Weightlifting Cluster 2025-26, Amravati (A.P.), lifting a total of 350 kg in 84+ kg category — while 7 months pregnant! True embodiment of strength, courage &… pic.twitter.com/F9jqYdXAFB — Delhi Police (@DelhiPolice) October 24, 2025

Team Latestly
Cocoa farmers cry out over planned destruction of farms for real estate project in Juaben
Technology

Cocoa farmers cry out over planned destruction of farms for real estate project in Juaben

Cocoa farmers at Onaa in the Juaben Municipality of the Ashanti Region are appealing to government to urgently stop a private developer from cutting down their cocoa farms for a real estate project. The farmers say hundreds of hectares of cocoa farmlands have been marked with boundary pillars for demolition, a move they warn will destroy their only source of livelihood. One of the affected farmers, Yaw Thomas, who owns 35 acres of cocoa, said Onaa is the second largest cocoa-producing community in the Ashanti Region and must be protected. “Government and COCOBOD should base on the Economic Plant Protection Act 1979 to intervene and stop the alleged private developer from cutting down our cocoa trees for real estate redevelopment,” he appealed. He noted that the farmers inherited the lands from their ancestors and have cultivated cocoa in the area for more than 400 years. “Onaa is a total village community; what income will you gain for constructing real estate in this bush? The government needs to come in because this is our source of livelihood,” Thomas added. The President of the Concerned Cocoa Farmers Association in Ghana, Nana Obodie Boateng Bonsu II, visited the affected community to assess the situation. He urged the state to deploy security assistance to protect the farms before the situation escalates. “Cocoa has been declining and challenging for Ghana COCOBOD due to galamsey activities. Why should we allow hectares of cocoa trees to be cut down in the second largest cocoa-producing area in the Ashanti Region?” he questioned. “No, it won’t happen.” He further demanded stricter enforcement of laws protecting cocoa farms and warned that the association is ready to pursue legal action. “We, the concerned cocoa farmers, won’t allow this to happen. I am looking for the so-called private developer to deal with him under the law,” he insisted. The farmers are calling for swift intervention as Ghana continues to struggle with declining cocoa yields due to illegal mining, climate pressures, and land-use conflicts.

Caleb Ahinakwah,Joseph Obeng 58am
1 Top Cryptocurrency to Buy Before It Soars 18,200%, According to Strategy Chief and Billionaire Michael Saylor
Technology

1 Top Cryptocurrency to Buy Before It Soars 18,200%, According to Strategy Chief and Billionaire Michael Saylor

There will only ever be 21 million Bitcoin (BTC 0.78%) in existence, and most already are in circulation. Many investors are aware of this fact, and this capped supply is certainly one of the key factors behind Bitcoin's long-standing success. Michael Saylor, executive chairman of Strategy (MSTR +2.27%), believes that each individual Bitcoin could be worth $21 million by 2046. That's a pretty optimistic prediction and one that left some folks laughing, others shocked, and me personally smiling. Anything's possible. Bitcoin has proven that. But at $21 million per coin, we're talking an overall market capitalization of $441 trillion for the cryptocurrency. For context, the entire U.S. stock market (the value of all publicly traded companies) stood at $63.8 trillion as of July. This would imply Bitcoin could be worth roughly seven-times the current value of every company in the world's biggest economy in 20 years. Let's dive into this astronomical price prediction to see whether it's even possible for Bitcoin to hit these levels and whether Bitcoin still makes sense as an investment for the average retail investor. From niche asset to a systemically important store of value Saylor's view of Bitcoin hitting $21 million per token appears to rely on a central thesis: Governments, individuals, companies and the entire economy will rely on Bitcoin as not only a store of value but the dominant means of payments within the next two decades. The idea is that as more capital changes hands on Bitcoin's blockchain, and more central banks, financial institutions, hedge funds, and other outfits buy Bitcoin to support the value of their balance sheets, this rising demand will lead to continuously compounding returns. In fact, this price target would equate to a compounded annual return of roughly 21%. In Saylor's words, "And people ask, how's the network going to grow? It's going to be growing at 21% in 21 years. The volatility is going to be 21. The only number you need to remember is the number 21." That 21% is roughly double the expected long-run return of equities and more when we look at other alternative assets and fixed-income securities. The bull case: Global wealth will grow and flow to Bitcoin Some define currency as a liquid form of value exchange. It's the liquidity part that is interesting to me. I've heard many financial experts suggest that capital is liquid in the sense that it flows down the path of least resistance to the asset class with the highest returns. Indeed, the bull case behind Bitcoin hitting such a valuation is that although this asset currently makes up roughly 0.2% of global wealth (around 0.1% when Saylor released his keynote), if adoption really picks up, he sees this percentage increasing significantly. There have been surging prices in gold, precious metals, and other stores of value outside the monetary system. But in Saylor's view, Bitcoin is the "most liquid, fungible, free capital market in the world." No governments, no regulators, no armies can take it down. And if central banks do destroy the monetary system as we know it (hard to tell if Saylor is a true "doomer" or not), maybe there's something to this thesis. The bear case: Such a shift will be difficult, if not impossible There are reasons so many are skeptical about Bitcoin and crypto in general. Much like fine wines, art, collectibles, and other assets that are hard to value, the value of digital assets really is in the eye of the beholder. Without underlying fundamentals such as earnings or cash flows (in the same way as companies generate), the value of a given token really depends on what another investor thinks it's worth. So, to an extent, the greater fool theory is at play for investors who plan on selling their tokens at a higher price. Still, projects like Bitcoin have seen rapid adoption, and there's a strong argument that more investors will want to keep a greater percentage of their wealth outside the system, given the rising risks in the monetary and fiscal policy arenas. The question is whether investors will choose Bitcoin en masse over assets like gold, real estate, and other more traditional stores of value. Hard to say. I'm cautious, if not skeptical, and I'm sure most readers are as well. The $21 million forecast is a sky-high price target, and it's going to be hard to hit. But given how far Bitcoin has come, some have to think: "Why not?"

Chris Macdonald
REDMAGIC 11 Pro Gaming Phone Launch Globally on November 3 With Snapdragon 8 Elite Gen 5; Check Other Specifications, Features and Expected Price
Business

REDMAGIC 11 Pro Gaming Phone Launch Globally on November 3 With Snapdragon 8 Elite Gen 5; Check Other Specifications, Features and Expected Price

The REDMAGIC 11 Pro launch date for the global market has been confirmed for 3 November 2025. The gaming smartphone was launched in China on 17 October with an 8,000mAh battery but the global variant will get a 7,500 battery as per the website, Snapdragon 8 Elite Gen 5 chipset, and liquid cooling. It was launched alongside the REDMAGIC 11 Pro Plus model, which features a 7,500mAh battery. Both devices offer 6.85-inch 144Hz displays and up to 1TB of storage with 24GB RAM. The REDMAGIC 11 Pro series includes 50MP + 50MP rear cameras. The REDMAGIC 11 Pro price in China starts at CNY 4,999 (about INR 62,050) for the 12GB RAM + 256GB storage variant, while the REDMAGIC 11 Pro+ starts at CNY 5,699 (about INR 70,700). The modelMotorola To Launch New Smartphone in India Soon With Large Sized Silicon-Carbon Battery; Drops Teaser. REDMAGIC 11 Pro Launching Globally on November 3, 2025 at 7 AM CEST We froze the #REDMAGIC11Pro… and it still works. ❄️ The price and release date for the global launch will be revealed November 3rd at 7AM EST! Learn more: https://t.co/4pbJayluUB pic.twitter.com/ajfYcU7IPz — REDMAGIC (@redmagicgaming) October 28, 2025

Team Latestly
Indonesia Denies B50 Biodiesel Plan Could Trigger Cooking Oil Shortage
Technology

Indonesia Denies B50 Biodiesel Plan Could Trigger Cooking Oil Shortage

TEMPO.CO, Jakarta - Indonesia’s Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, has dismissed public concerns that the government’s B50 biodiesel program could trigger a cooking oil shortage due to higher crude palm oil (CPO) consumption.“There’s no issue of cooking oil scarcity,” Bahlil said, as quoted by Antara on Tuesday, October 28, 2025.Both cooking oil and biodiesel rely on CPO as their main raw material. Under Minister of Trade Decree No. 1531 of 2022 on Domestic Market Obligation (DMO) and Domestic Price Obligation (DPO) for CPO and cooking oil, national cooking oil production requires around 416,000 tons of CPO per month, or roughly 4.99 million tons per year.Meanwhile, the B50 mandatory program, which blends 50 percent biodiesel with fossil diesel, will need about 5.3 million tons of CPO annually.To maintain adequate supply, Bahlil said the government is preparing three strategies: intensifying production on existing plantations, opening new oil palm land, or reducing exports through the DMO mechanism.“By applying the B50 policy, we could reduce exports slightly to secure domestic needs. That’s one of the alternatives,” he said.CPO Export Reduction Under ReviewMinister of Agriculture Andi Amran Sulaiman also stated that the government plans to cut CPO exports by up to 5.3 million tons to support the B50 program’s rollout in the second half of 2026.According to him, Indonesia’s total CPO production currently stands at 46 million tons per year, of which 20 million tons are processed domestically and around 26 million tons exported abroad.Experts Warn of Risks to Palm Oil IndustryHowever, experts have urged the government to carefully assess the economic impact before moving forward.Bayu Krisnamurthi, an agribusiness professor at the Bogor Agricultural University (IPB), warned that raising the biodiesel blend from B40 to B50 could increase subsidy burdens, suppress CPO exports, and push up cooking oil prices.“If not handled carefully, the competitiveness of Indonesia’s palm oil industry could decline,” Bayu said.Bayu noted that while the B50 program could save up to Rp172 trillion in foreign exchange from reduced diesel imports, it might also result in Rp190 trillion in lost export revenue from lower CPO sales abroad.“There must be a balance between energy targets, export performance, and farmers’ welfare,” he added.“Indonesia’s palm oil industry is very strong. Let’s not be the ones to weaken it.”Editor’s Choice: Coal Entrepreneurs Worry B50 Implementation Will Reduce Industry Competitiveness in IndonesiaClick here to get the latest news updates from Tempo on Google News

Antara
2 High-Yield Dividend Stocks Set to Soar
Technology

2 High-Yield Dividend Stocks Set to Soar

Some investors prefer to focus on dividends rather than capital growth when it comes to investing. However, buying the highest-yielding dividend stocks may not necessarily generate satisfactory, much less spectacular, returns over a long time frame. That's because high-yield dividend stocks offer such a big payout for a good reason. Investors typically either fear possible dividend cuts or that issues affecting the financial health of the business will send the stock lower, outweighing the aggregate amount of cash dividend payments received. However, while so-called yield traps are commonplace in the world of high-yield dividend investing, right now there are two high-yielding financial stocks that have perhaps become oversold: UWM Holdings (UWMC 0.17%) and Western Union (WU 0.72%). Investors are concerned about them for different reasons, but the common denominator here, besides a high dividend yield, is that for both names, these concerns may be overblown. 1. UWM Holdings UWM Holdings is America's largest mortgage lender. The company specializes in wholesale mortgage lending, underwriting mortgages originated by independent mortgage brokers. During the pandemic-era housing boom, UWM experienced record growth. Capitalizing on its then-success, UWM went public via a special purpose acquisition company (SPAC) merger in 2021. However, not too long after it went public, interest rates went up and homebuyer demand plummeted. As a result, earnings declined. The stock fell from its original SPAC price of $10 per share to prices as low as $3.80 per share earlier this year. UWM's revenue and earnings have only partially recovered, but the company has made zero change to its dividend. Since going public, UWM has paid out a $0.10 per share quarterly dividend. At current prices, this gives the stock a forward dividend yield of almost 7%. Recently, the stock has started to bounce back. It now changes hands at about $5.80 per share. There's still doubt about the future of the housing market, but UWM could deliver stronger results in the quarters ahead. Falling interest rates may be starting to drive increased home sale volumes. Also, as Chief Executive Officer Mat Ishbia noted earlier this year, UWM's efforts to use artificial intelligence to maximize the efficiency of its loan-servicing operations could result in as much as $100 million in annual cost savings. These factors suggest UWM remains well positioned to maintain its high dividend payout, and could meet or beat sell-side analyst estimates calling for earnings to more than double next year. Although the stock trades at a forward price-to-earnings (P/E) ratio of 15, which is somewhat pricey for a financial stock, this level of earnings growth may be enough to propel the stock even higher. 2. Western Union Western Union has been helping people move money across the country and across borders for more than a century. However, investors are concerned about this company's future. Specifically, investors worry that cheaper, faster payment remittance providers threaten Western Union's business in the long term. As a result, the shares are trading at less than 5 times forward earnings. The stock also has a forward dividend yield of almost 11%. Nevertheless, Western Union could still make a recovery. The company has been aggressively pursuing a digital transformation as well as expanding its travel money business. To top it all off, Western Union is also in the process of figuring out how to integrate stablecoin technology into its remittance business. The recent acquisition of Eurochange and a pending deal to acquire International Money Express could help bolster this digital pivot. These acquisitions also stand to produce cost synergies. Management anticipates the International Money Express deal to immediately add to earnings. In its latest quarterly results, Western Union reported year-over-year adjusted earnings growth of 2%. Although that may sound insignificant, if the company's earnings continue to stabilize, the shares may be in for a major rebound. Even a modest amount of valuation expansion could lead to big gains for shares. Until then, you can receive a double-digit percentage dividend yield while this turnaround takes shape.

Thomas Niel
Sports News | Universe Boss Chris Gayle Joins Lanka Premier League 2025 as Brand Ambassador Ahead of Biggest Season Yet
Technology

Sports News | Universe Boss Chris Gayle Joins Lanka Premier League 2025 as Brand Ambassador Ahead of Biggest Season Yet

Colombo [Sri Lanka], October 28 (ANI): West Indies cricketing legend and "Universe Boss" Chris Gayle has joined the Lanka Premier League (LPL) as its official Brand Ambassador for the 2025 season, which is set to take place in July-August 2026, following the conclusion of key international series. The rescheduled timeline allows players and fans uninterrupted access to the thrill of the tournament as it enters its sixth and biggest season yet, as per a release from LPL. Gayle, regarded as one of the most dominant and entertaining players the game has ever seen, brings with him an unmatched legacy in international and franchise T20 cricket. His larger-than-life persona aligns perfectly with the LPL's growing reputation for high-intensity action, star power, and fan engagement. As the league continues to build on its success, the inclusion of Gayle and the mid-year window together position the LPL to attract global attention and deliver an even more electrifying cricket experience. Also Read | Lecce vs Napoli, Serie A 2025-26 Free Live Streaming Online: How To Watch Italian League Match Live Telecast on TV & Football Score Updates in IST?. The 2016 ICC T20 Cricket World Cup winner expressed his excitement at taking up the new role. "It's an honour to be part of the Lanka Premier League as its Brand Ambassador. Sri Lanka has always shown me incredible love throughout my career, and now I'm looking forward to bringing the Universe Boss energy to the tournament. LPL is not just about cricket; it's about entertainment, young talent, and giving fans unforgettable experiences. I can't wait to be part of this journey and see the league reach even greater heights," he said, as quoted from a release by LPL. Also Read | Alex Carey Hits Back at Stuart Broad's 'Worst Australian Team' Remark Ahead of Ashes 2025-26, Says 'We'll Wait and See'. Gayle's record-breaking feats have made him a household name in world cricket. With more than 14,000 runs and 22 centuries in T20 cricket, he is the leading century-maker in the format. His 175* in the Indian Premier League remains the highest individual score in T20 history, and his blistering century off 30 balls is still the fastest ever. For the West Indies, he has delivered some of the game's most iconic performances, including a Test triple century (333), a double century in ODIs (215), and countless explosive innings in T20 internationals. His ability to turn games single-handedly has earned him a place among the legends of the sport. Welcoming Gayle, Samantha Dodanwela, Tournament Director, said, "Chris Gayle embodies the very spirit of the Lanka Premier League, the vibrancy, the entertainment, and the explosive energy. His charisma and global appeal mirror the dynamism we bring to the field every season. As the perfect face for a growing league, having the Universe Boss as our Brand Ambassador amplifies the excitement and elevates the LPL's stature on the global stage." The 2025 edition of the Lanka Premier League will see five franchises -- Colombo, Dambulla, Galle, Jaffna and Kandy battle it out across Colombo, Dambulla and Kandy before the playoffs decide the champion. Over three weeks of thrilling action, fans can expect world-class cricket, star-studded lineups, and now, the added spectacle of the Universe Boss driving the LPL forward. With Chris Gayle as its Brand Ambassador, the 2025 season promises to be bigger, bolder and more impactful, both as a sporting contest and as a celebration of cricket's global spirit. (ANI) (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)

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