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8.23% yield! See the income I’ll get by investing £2k before Phoenix shares go ex-dividend on 2 October

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Image source: Getty Images

I bought Phoenix (LSE: PHNX) shares 18 months ago when the dividend yield was close to 10%. That was a remarkable level of income, and I’m glad I took the plunge.

I’ve already received three bumper payouts, while the Phoenix share price has climbed 20% in the last year. It’s not climbing today (2 September), though.

FTSE 100 income star

Shares in Phoenix Group Holdings, to use its full name, are down 3.74% to 656p today, as concerns over rising UK bond yields rattle markets. Phoenix manages around £280bn of assets, so falling stock markets can reduce the value of its portfolio.

Rising bond yields are a particular threat to high-yield dividend stocks because they offer investors a higher ‘risk-free return’ from government debt, without exposing their money to the market volatility of equities.

Yet, Phoenix looks solid. Cash generation rose 22% to £1.4bn in 2024. Management is targeting £5.1bn in total between 2024 and 2026, which should support steady future dividends. Its solvency ratio remains strong at 172%.

Equity risks remain

There’s always the chance that dividend payments could be trimmed one day, although Phoenix has managed to hold or increase them in nine of the last 11 years, with average annual increases of 2.91%. Nothing is guaranteed, but the track record is encouraging.

Despite the dip, the stock trades on a price-to-earnings ratio of 15. That looks fair value rather than cheap. I think we could be in for a bumpy September, and I’m wondering whether I should take the opportunity to pick up more Phoenix stock at the lower price.

At today’s price, I could buy 304 shares with £2,000 after charges. Analysts expect the next payout to be 25.95p per share. On that basis, that £2k would hand me £78.88 in dividend income.

In fact, I’d get more. I already own 871 shares, which will generate £226. Combined with the new holding, that’s around £305 landing in my account on 30 October. Which is pretty handy. I’d automaticaly reinvest it, something I do with every dividend I receive, as this accelerates the compounding process. This would further increase my stake in Phoenix, and set me up for even more dividends next year.

Reinvest to grow

Of course, this isn’t an easy win. Once a stock goes ex-dividend, its share price typically falls by the amount of the payout to reflect the lost value. Some investors also sell immediately after the ex-dividend date, knowing their cash is on the way. The important thing for me is that nobody can take this income from me once it is declared.

My own plan is simple. I aim to hold this stock for years, reinvesting each twice-yearly payout to buy more shares, and treating any capital growth on top as a bonus.

With the stock still offering one of the highest yields on the FTSE 100, I think income seekers might consider buying Phoenix before it goes ex-dividend on 2 October. I’ve got some cash in my SIPP, and plan to do so myself.



This story originally appeared on Motley Fool

Succession Actor Nicholas Braun Arrested on DUI Charge

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This past Labor Day weekend, former Succession actor Nicholas Braun landed himself in a pair of serious, not sexy handcuffs. You see, DUIs are no laughing matter, which Nicholas now understands firsthand. Moving forward, Nicholas still has to work his way through this charge, which all happened in New Hampshire last Friday night.

Nicholas Braun was arrested in New Hampshire on a DUI charge

Photo Credit: Jose Perez/Bauer-Griffin via Getty Images

According to TMZ, while driving around Moultonborough, New Hampshire, over this past Labor Day weekend, local police officers pulled Nicholas over. Following this traffic stop, they arrested Nicholas on two separate charges: Suspicion of DUI Impairment and Operating Without Lights. The police then proceeded to take Nicholas to a jail in Carroll County, where he remained in custody for about an hour. Following his abbreviated time in the clink, Nicholas walked free on his own recognizance.

And no, he did not pay bail. There was none, per the outlet. Likewise, Nicholas got to bypass the infamous mug shot pose for his keepsakes. Reportedly, the machines used at this station, which take these picture-perfect memory captures, were down. Some guys have all the luck, eh?

Except that Nicholas was actually lucky, because, drunk or not, no one got hurt. Well, minus a potential blow to his persona, that is. However, Nicholas does have a court date ahead. According to court records, this date is quickly approaching, landing on the morning of September 16.

At this time, Nicholas has yet to speak about his arrest or the charges he is now staring down. Likewise, online, his last post was 22 weeks ago. But if he does speak, we will update you accordingly.

Nicholas most recently starred in Splitsville earlier this year. Up next, he will appear in a movie called Three Bags Full: A Sheep Detective Movie.

TELL US – DOES ANYONE HAVE ANY WORDS TO SAY TO NICHOLAS?




This story originally appeared on Realitytea

At Burning Man: A murder mystery, ‘demonic’ claims and a surprise birth

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Burning Man, the eclectic desert festival known for its art, music and spirit of “self-expression and self-reliance,” wrapped up one of the strangest annual celebrations in memory with a major dust storm, an unexpected birth in the desert, and an as-yet unsolved murder reported in the middle of the festivities.

Known for drawing tens of thousands of visitors to the desolate Black Rock Desert in Nevada, about 120 miles north of Reno, the nine-day festival has a reputation for introducing the unexpected to revelers, and this year seemed to be no exception.

The event started out with its challenges right off the bat, with a major dust storm that knocked down tents, damaged art installations and forced organizers to temporarily close the event gates and a nearby airport.

The intense winds reportedly injured four attendees and damaged some of the pieces of art displayed in what is known as Burning Man Playa.

The strong gusts also brought down Burning Man’s famous Orgy Dome, an enclosed, air-conditioned, 4,000-square-foot structure with mattresses and dozens of volunteers who monitor that all attendees are of age, sober and with a partner.

SFGATE reported that when the dome was brought down by the winds, a whiteboard was posted in its place, notifying visitors that it had been damaged, and that organizers were working to erect it once more.

“We got f—d too hard,” the sign reportedly read. “We need help to reopen.”

The famous festival, which also draws millionaires and tech executives, was also the site of a surprise birth after a woman, who said she was unaware she was pregnant, delivered a baby Wednesday at Black Rock City on the Playa.

“It’s an absolute miracle,” the father, Kasey, 39, of Salt Lake City, told The Times.

His wife suddenly went into labor inside their RV last week and gave birth to a 3½-pound baby girl.

An obstetrician, pediatrician and a nurse who were nearby, also attending the festival, responded to the cries for help and assisted with the delivery and care of the newborn.

The couple, and their new daughter, were first cared for at Burning Man’s medical tent, until a helicopter arrived to take the child to a neonatal intensive care unit in nearby Reno.

Then, as the large wooden effigy known as the “Man” burned Saturday — symbolizing the culmination of the nine-day festival — a homicide investigation was also sparked by the discovery of a dead man in a pool of blood Saturday.

A festival-goer flagged down a Pershing County sheriff’s deputy to report the death in the campsite. No arrests have been made as of Tuesday.

On Monday, Pershing County Sheriff Jerry Allen asked for the public’s help for information on the case, and for help to identify the victim, who was described as a white man between 35 and 40 years old, and 6 feet tall with short brown hair.

“We are also currently seeking information regarding any suspect identifiers for any person who would commit such a heinous crime against another human Being,” Allen said in a statement.

Officials have not released details in the case, or how the victim was killed, other than saying that the attack appeared to be a “singular crime.”

The festival also drew attention from outside the desert after Nicole Shanahan, a Silicon Valley attorney and former vice presidential running mate for Robert F. Kennedy Jr., pondered on social media whether the desert celebration was demonic.

“I used to be a devoted ‘Burner,’ having attended faithfully every year from 2014 to 2022,” Shanahan wrote in a lengthy post on X. Shanahan was formerly married to Google co-founder Sergey Brin, and has since questioned the safety of vaccines and proclaimed herself to be a “new Christian.”

In the post, she wrote that in her previous visits to Burning Man, she saw that “thousands of people moved about with smiles, intoxicated by freedom, and joy, and navigating the city of Black Rock with an ephemeral air.”

“Yes, there are constant orgies,” she wrote. “Yes, drugs are consumed in staggering quantities. And yes, sexual assault and rape occur at Burning Man, along with tragic, often preventable deaths. Nudity is everywhere. Overdoses happen so frequently that they rarely interrupt a party or shut down a camp.”

She claimed the event was filled with “occult symbols” and ceremonies, calling it not just an eccentric festival but “one of the most effective tools for Satan to misdirect souls away from our Heavenly Father.”

“I am a newbie to demonology, but there is clearly something dangerous at work here,” Shanahan said.

Organizers of the event did not respond to a request for comment on this year’s incidents but published a post on Instagram on Sunday — just hours before the burning of the Man — a message addressed to its attendees.

“Tonight the Man burns, a reminder of all you’ve endured and created through a challenging week,” the post read. “Weather shifts, unpredictability rises, yet this community thrives because of you.”




This story originally appeared on LA Times

JUST IN: Pete Hegseth Authorizes Defense Department lawyers to Serve as Temporary Immigration Judges | The Gateway Pundit

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Photo courtesy of US Immigration and Customs Enforcement

Defense Secretary Pete Hegseth has reportedly authorized 600 military and civilian attorneys to assist the Department of Justice (DOJ) as temporary immigration Judges.

Immigration courts are overseen by the DOJ, which has requested help from the Department of Defense in expediting deportations.

Under Joe Biden, millions of illegal aliens were released into the country and given immigration court dates, often years away, due to a massive backlog in immigration hearings.

The duties of newly assigned attorneys from the DOD only last 179 days but can be renewed, according to a memo reviewed by the Associated Press.

Meanwhile, the Trump administration has ousted over 100 immigration judges with deferred resignation buyout offers.

The new attorneys from DOD can be expected to be tougher on illegal aliens and grant final orders of removal for everyone in our country illegally.

Per the Associated Press:

The military will begin sending groups of 150 attorneys — both military and civilians — to the Justice Department “as soon as practicable,” and the military services should have the first round of people identified by next week, according to the Aug. 27 memo.

The effort comes as the Trump administration is cracking down on illegal immigration by ramping up arrests and deportations. And immigration courts already are dealing with a massive backlog of roughly 3.5 million cases that has ballooned in recent years.

At the same time, more than 100 immigration judges have been fired or left voluntarily after taking deferred resignations offered by the Trump administration, their union says. In the most recent round of terminations, the International Federation of Professional and Technical Engineers said in July that at least 17 immigration judges had been fired “without cause” in courts across the country.

A White House official said Tuesday that the administration is looking at a variety of options to help resolve the significant backlog of immigration cases, including hiring additional immigration judges. The official said the matter should be “a priority that everyone — including those waiting for adjudication — can rally around.”

This comes after a leftist San Francisco-based federal judge on Tuesday blocked President Trump from deploying the National Guard to Los Angeles, accusing the President of creating a “national police force” and acting as its “chief.” This is the same judge who ordered President Trump to return control of the National Guard to California in June. The order was appealed and overruled with a temporary administrative stay.

US Attorney Bill Essayli responded, saying, “The military will remain in Los Angeles.”

Clinton Judge Blocks Trump From Deploying National Guard to Los Angeles, Says Trump Violated Posse Comitatus Act



This story originally appeared on TheGateWayPundit

‘I’m a sleep therapist, these 5 things are making your insomnia worse’

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Insomnia is a sleep disorder that affects between a third and 40% of adults across the UK. The condition, marked by persistent difficulty falling or staying asleep or poor-quality sleep, can leave those affected feeling fatigued, irritated, and struggling to function properly.

There are plenty of “sleep hygiene” tips that people attempt to follow in order to try and tackle the issue of insomnia, such as having a strict bedtime, cutting on caffeine, and avoiding screens before bed. However, some of these practices can actually do more harm than good for those with insomina, and Kirsty Vant, sleep therapist and researcher at the Royal Holloway University of London, has revealed exactly which “sleeping hacks” can actually make things worse.

The first thing she revealed was spending more time in bed.

She told The Conversation: “When sleeping isn’t coming easily, it’s tempting to go to bed earlier or lie in later, hoping to ‘catch up’. But this strategy often backfires. The more time you spend in bed awake, the more you weaken the mental association between bed and sleep – and strengthen the link between bed and frustration.”

Instead, Ms Vant recommends restricing you time in bed by going to bed “a little later” and waking up at the same time every morning, as it strenghtens “your body’s natural drive to sleep” and re-established bed as a cue for sleep rather than wakefulness.

The next thing the sleep expert tackled is the idea of completely avoiding screens. While she explained that people are often told not to use screens before bed, she says the advice “may be overly simplistic”.

She added: “Rather than banning screens entirely, consider using them strategically. Choose calming, non-stimulating content, use night-mode settings, and avoid scrolling mindlessly. A quiet podcast or gentle documentary can be just the right distraction to help you relax.”

Cutting out caffeine is a popular “tip” that people are often, and while stimulant does block adenosine, a neurotransmitter that makes us feel sleepy, everyone processes it differently and so cutting it out completely “isn’t always necessary” but rather “understanding your individual response” is the key.

However, if you are sensitive to caffeine, Ms Vant recommends avoiding it later in the day.

Another key thing is trying to optimise sleep and becoming obsessed with sleep quality. The sleep therapist made note of the £400 billion-pound market of sleeping products that such as trackers and “sleep-promoting sprays”, which can actually contribute to a condition called orthosomnia – an unhealthy obsession with tracking sleep that causes anxiety and worsens insomnia.

She added: “It is important to remember that sleep is an autonomic function, like digestion or bood pressure. While we can influence sleep through healthy habits, we can’t force it to happen.

“Becoming obsessed with sleep quality can paradoxically make it worse. Sometimes, the best approach is to care less about sleep – and let your body do what it’s designed to do.”

The final thing thing Ms Vant tackled was the expectation of getting the same amount of sleep each night. The sleep therapist stated that healthy sleep isn’t a fix number of hours but rather that it is dynamic and responsive to lifestyles.

There are a number of factors that can  impact sleep, such as stress, physical health, age, environement and various responsbilities like parenting.

However she explained “flexibility in our sleep has always been a survival trait” and that expecting rigid consistency from your sleep sets up unrealistic expectations. Some nights will be better than others – and that’s normal.”



This story originally appeared on Express.co.uk

GHA Discovery Launches Status Match

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GHA Discovery has just launched a new paid status match promotion that allows you to match your existing hotel, airline, or cruise status to either GHA Platinum or Titanium status.

The offer is available through November 30, 2025 and while it isn’t a free match, you’ll get half the fee back in Discovery Dollars (D$) to use on a future stay.

For those with upcoming travel plans at GHA properties, this could be a great opportunity to lock in elite perks through the end of 2026.

How The Status Match Works

GHA Discovery is offering a paid status match to either Platinum or Titanium, with status valid through December 31, 2026. The promotion is open until November 30, 2025, and is managed by StatusMatch.com.

There are two match tiers available:

  • Match to Titanium: Pay $150 (USD), get D$75 back (expires in 12 months if unused)
  • Match to Platinum: Pay $100 (USD), get D$50 back (expires in 12 months if unused)

The Discovery Dollars can be used toward your future stay and expire 12 months after they’re issued.

GHA DISCOVERY Status Match

All matched members will earn double elite night credits for stays completed between January 1 and June 30, 2026, helping them requalify for status into 2027.

Note that “Status Sharing” does not apply to Titanium granted by this match (you’d need to requalify organically for that perk).

Which Programs Are Eligible for a Match?

The campaign accepts a wide range of hotel, airline, and cruise statuses (and select credit cards in China/India).

Here’s a short list table mapping the common programs Canadians are likely to hold. Use this as a planning worksheet and cross-check against the official page before you pay.

Eligible Airline Programs

Eligible Hotel Loyalty Programs

table visualization

What Do You Get with GHA Platinum and Titanium Status?

If you’re new to GHA Discovery, it’s the loyalty program of Global Hotel Alliance — a network of 40+ independent brands like Kempinski, NH Collection, Anantara, Capella, and Pan Pacific, with more than 800 properties across 100+ countries.

While GHA isn’t as well-known in North America, it has a strong footprint in Europe, Asia, and the Middle East, especially in the luxury and lifestyle segment.

Now, let’s look at what you’re actually getting with each status tier:

GHA Discovery Titanium

  • D$75 rebate
  • 7% back in Discovery Dollars on eligible spending
  • Double room upgrade (subject to availability)
  • Complimentary breakfast at participating brands
  • 11 a.m. early check-in & 4 p.m. late checkout (subject to availability)
  • Welcome amenity
  • 48-hour guaranteed room availability

GHA Discovery Platinum

  • D$50 rebate (if matched through this promo)
  • 6% back in Discovery Dollars on eligible spending
  • Room upgrade (subject to availability)
  • 3 p.m. late checkout (subject to availability)
  • Welcome amenity

While both tiers offer a kickback in Discovery Dollars and the usual elite perks, Titanium unlocks the more meaningful benefits like breakfast and double upgrades — perks that can make a real difference on a stay.

avani sukhumvit bangkok roomavani sukhumvit bangkok room
Avani Sukhumvit Bangkok

It’s also worth noting that matching to Platinum doesn’t make it any easier to reach Titanium later. Unlike some programs with milestone ladders, GHA requires you to meet full requirements from scratch:

  • Platinum:  Stay at 2 brands, 10 nights, or US$5,000 spend
  • Titanium: Stay at 3 brands, 30 nights, or US$15,000 spend

So if you’re thinking of “starting at Platinum and working your way up,” this match won’t give you a shortcut.

In practice, the easiest way to qualify for Titanium is by staying just one night at three different GHA brands in a calendar year — which is exactly what I did.

In that case, the double elite night boost may not be as helpful as it sounds, unless you plan to requalify via nights or spend instead of brand count.

What Are Discovery Dollars?

Discovery Dollars (D$) are GHA’s version of hotel credit, pegged 1:1 to the US dollar. You can use them to pay for room charges, dining, spa treatments, and more at participating properties.

It’s a refreshingly straightforward system, without the usual complexities of blackout dates, dynamic pricing, or confusing award charts.

With this promotion, you’ll receive:

  • D$50 with a Platinum match
  • D$75 with a Titanium match

These will show up in your account within 10 business days of approval and expire 12 months after they’re issued.

My Take: Go Titanium or Skip It

If you’re thinking about applying, my honest opinion is that this promotion only makes sense if you’re eligible for Titanium.

Platinum doesn’t offer much more than what you’d get from being a free member or holding low-tier status with other chains.

Titanium, on the other hand, offers perks that can easily pay off during even a single stay — especially when upgrades, breakfast, or late checkout come through.

Avani Sukhumvit Bangkok BreakfastAvani Sukhumvit Bangkok Breakfast
Complimentary breakfast as a Titanium Member can be surprisingly good

That said, the value only comes if you’ve got GHA stays actually booked or realistically planned for 2025–2026. Titanium’s stronger upgrade priority and breakfast at participating brands can pay back quickly.

If you’re unsure or just want to collect status for fun, this likely isn’t the right promo to jump on — especially since GHA only allows one status match per lifetime.

Conclusion

GHA Discovery’s paid status match is a unique opportunity to access perks at high-end boutique-style properties across the globe.

If you’re eligible for Titanium and have travel plans that include GHA brands, the $150 fee (with D$75 back) can be well worth it.

On the other hand, Platinum offers limited incremental value, and matching to it won’t get you any closer to Titanium down the road.

Given the one-time nature of this match, it’s best to time it right — and only apply when you’re confident you’ll get real use out of the benefits.



This story originally appeared on princeoftravel

Your Startup Seems On Track — But An Invisible Growth Blocker Says Otherwise

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Opinions expressed by Entrepreneur contributors are their own.

As a founder, your focus is growth — more users, more features, more market share. But sometimes the biggest thing standing in your way isn’t your business model, marketing or funding. It’s your tech team.

Not because they’re doing something wrong — but because they’ve taken you as far as they can.

And when you finally bring in a new team or vendor, it’s a stress test. For the business, it means facing hard questions about control. For the new team, it means diving into someone else’s legacy code. And for you, the founder, there’s one phrase no one ever wants to hear:

“Honestly, it might be easier to rebuild this from scratch.”

But here’s the thing — you don’t need a fire to smell the smoke.

Related: The Top 2 Mistakes Founders Make That Hinder the Growth of Their Companies

The calm before the stall

Sometimes, founders realize something’s off when everything starts breaking — delivery delays, ballooning budgets or a tech stack that feels five years old. But just as often, things look fine on the surface.

Code is getting shipped. Deadlines are met. Users are active, maybe even paying. On paper, it all looks “on track.”

But under the hood, your product may already be maxed out. Not because of bugs — but because the team that built it wasn’t thinking far enough ahead.

This is the silent stall: when your product stops being a launchpad and becomes a ceiling. It still works, but it can’t grow.

No scalable tech foundation

Most growth plans boil down to a simple idea: make it work, then scale. But can your architecture, tools and infrastructure handle that scale?

If your tech partner lacks a long-term mindset, they’ll deliver what you ask for — but not what you’ll need next. That means you’ll constantly be in maintenance mode, fixing things that should’ve been built right the first time.

And growth adds pressure fast: more users, more data, more complexity. What works for a few thousand users might fall apart at scale — or cost you exponentially more to run.

A good tech partner doesn’t treat scalability as an upgrade. They design for it from day one. Modular systems, clean infrastructure and smart trade-offs aren’t technical luxuries — they’re what make future features (and funding rounds) possible.

Because rebuilding later costs more. In time, money and momentum you won’t get back.

An incomplete team

Here’s something that trips up a lot of startups: assuming developers alone can carry the product.

Developers are essential, of course. But building a successful digital product takes more than code. You also need:

  • Business analysts to map user and market needs into features
  • UX and UI designers to shape user experience
  • Solution architects to plan scalable systems

If your current vendor only supplies engineers, you’re not working with a product partner — you’re working with a contractor. That might be fine early on, but over time, it’s a limitation.

Without the right roles in place, your product gets built in a vacuum. There’s no one translating strategy into functionality or guiding decisions with the bigger picture in mind.

A complete product team is cross-functional by design. The best vendors can pull in the right expertise when needed — not weeks later, but immediately.

No plan for what’s next

Plenty of teams are great at delivering today’s requirements. But what about tomorrow’s?

If your tech partner isn’t helping you plan for monetization, scale or the next fundraising round, you’re not set up for sustainable growth.

Think about how much future planning touches:

  • Payment systems
  • Onboarding flows
  • App store requirements
  • Subscription models
  • Analytics and data tracking

Miss these pieces early, and you’ll end up rebuilding later — right when you should be scaling. Investors notice too. They expect clean data, thoughtful UX and systems that support growth, not just usage.

A strong tech partner will challenge assumptions and help you anticipate what comes after this version. Because scaling isn’t just more code — it’s pricing, performance, infrastructure and go-to-market timing all working together.

If your team isn’t thinking that far ahead, it’s time to find one that is.

Related: 6 Unconventional Habits That Actually Help Entrepreneurs Find Work-Life Sanity

Final thoughts

Not all stalled products fail loudly. Sometimes the most dangerous moment is when everything seems fine — but nothing’s moving forward.

You don’t need a crisis to justify a change. You need a vision that your current team can grow into — not just keep afloat.

Yes, switching vendors takes time, effort and sometimes cleanup. But it also gives you a reset — a chance to align your product with where your business is actually going.

If you’ve hit a ceiling, don’t wait until it becomes a wall. Find a partner who can build what’s next, not just maintain what’s now.

As a founder, your focus is growth — more users, more features, more market share. But sometimes the biggest thing standing in your way isn’t your business model, marketing or funding. It’s your tech team.

Not because they’re doing something wrong — but because they’ve taken you as far as they can.

And when you finally bring in a new team or vendor, it’s a stress test. For the business, it means facing hard questions about control. For the new team, it means diving into someone else’s legacy code. And for you, the founder, there’s one phrase no one ever wants to hear:

The rest of this article is locked.

Join Entrepreneur+ today for access.



This story originally appeared on Entrepreneur

Google dodges forced selloff of Chrome browser in landmark antitrust case — sparking furor at slap on wrist

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Google on Tuesday avoided a forced breakup of its online search monopoly after a federal judge rejected the harshest remedies proposed by the Justice Department — sparking furor from critics for the slap on the wrist in the landmark antitrust case.

US District Judge Amit Mehta said he would not require Google – which he had earlier dubbed a “monopolist” – to sell off its Chrome web browser or its Android operating system software, as the feds had requested.

“Plaintiffs overreached in seeking forced divesture of these key assets, which Google did not use to effect any illegal restraints,” Mehta wrote in his court order.

US District Judge Amit Mehta is pictured. Getty Images

Instead, Mehta opted for a lighter touch in issuing his verdict in the trial’s remedy phase, which included three weeks of hearings in April. He ordered Google to share its search data with rivals to boost competition.

Google also can’t enter into exclusive deals for internet search, but it won’t be barred entirely from making payments to Apple, AT&T and other partners to ensure its search engine and other services are set as the default option on most smartphones, Mehta ruled.

“Cutting off payments from Google almost certainly will impose substantial—in some cases, crippling—downstream harms to distribution partners, related markets, and consumers, which counsels against a broad payment ban,” Mehta wrote.

The feds argued at trial that such deals were essential to maintaining Google’s monopoly.

Google avoided the DOJ’s harshest proposed remedies. Vuk Valcic / SOPA Images via Reuters Connect

Google’s stock surged more than 6% in after-hours trading following the ruling’s release around 4:30 p.m.

Apple stock also up nearly 4% in after-hours trading. Mehta’s ruling spares a $20 billion revenue stream for the struggling iPhone maker.

Matt Stoller, a prominent antitrust advocate and Google critic, described Mehta’s decision as a “big whiff” and “weak.”

“Mehta just decided that the court can let Google keep its monopoly,” he wrote on X.

Other Big Tech watchdogs also slammed Mehta over the head-scratching ruling.

“You don’t find someone guilty of robbing a bank and then sentence him to writing a thank you note for the loot,” said Nidhi Hegde, executive director of the American Economic Liberties Project. 

“Similarly, you don’t find Google liable for monopolization and then write a remedy that lets it protect its monopoly. This feckless remedy to the most storied case of monopolization of the past quarter century is a complete failure of his duty and must be appealed.”

Judge Mehta said there were “strong reasons not to jolt the system.” REUTERS

Hegde called on the DOJ to appeal the decision.

The Justice Department did not immediately comment following Mehta’s written ruling.

Sacha Haworth, executive director of the Tech Oversight Project, said Mehta “was far more willing to let Google continue bending the internet and our economy to its will than enforcing the law.”

Mehta did write that the court could revisit his decision if the remedies aren’t effective.

“For now, Google will be permitted to pay distributors for default placement. There are strong reasons not to jolt the system and to allow market forces to do the work.”

Google is led by CEO Sundar Pichai. REUTERS

The ruling caps a five-year legal fight that had the potential to upend the internet and dismantle the core of Google’s business. It was considered the most consequential Big Tech antitrust case in decades.

Google had earlier vowed to appeal Mehta’s earlier ruling that it holds a monopoly.

Mehta’s ruling was largely in line with proposals made by the Big Tech giant, which had argued that any forced selloff of Chrome or Android would break them and could even threaten US national security.



This story originally appeared on NYPost

Pritzker should BEG for his help to fight crime

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Illinois’ Democratic leaders insist they don’t need President Donald Trump’s help to fight crime, but the facts keep proving the opposite.

Labor Day weekend saw a mind-numbing 54 people shot in Chicago, seven fatally — more than twice last year’s toll.

And though murders in 2025 are down a bit from the 2024 level, they’re still four times higher per capita than in New York City.

No wonder Trump calls Chicago a “hellhole” that could benefit from a federal intervention, including a National Guard deployment.

Illinois Gov. JB Pritzker and Chicago Mayor Brandon Johnson fiercely oppose that. Johnson even ordered police not to cooperate with federal agents, just as the Department of Homeland Security gets set to step up immigration enforcement in his city.  

Clearly, these Democratic leaders don’t want to fix the problem; better see Chicagoans die than cooperate with Orange Man.

Is there any better proof that crime is a choice? After all:

* When Trump sent National Guard units to DC, crime plunged practically overnight. The city actually went 12 days without a single murder. Even Democratic Mayor Muriel Bowser admits “the surge of officers” enhanced DC’s cops’ efforts and has taken steps to make it a more permanent arrangement. 

* New York City’s experience in the 1990s and since absolutely proves that proactive policing can sink crime rates across the board — even as more recent state and city anti-policing “reforms” sent crime edging back up after 2019, only to be reversed again as NYPD Commissioner Jessica Tisch restores (for now, anyway) the emphasis on quality-of-life policing.

That is: It’s not simply that Pritzker and leaders of other crime-plagued jurisdictions should be begging for extra, free-of-charge law-enforcement help.

It’s that they’re actively choosing pro-crime policies: For example, Johnson last week insisted “incarceration” is “racist” and “immoral” and “not the way to drive violence down.”

In California, Gov. Gavin Newsom is refusing to budget funds to enforce tougher-on-crime measures the state’s voters last year passed overwhelmingly (despite his opposition) last year.

National Guard or not, tolerating high crime is a political decision — and most Democratic pols keep making the wrong choice.



This story originally appeared on NYPost

3 reasons why Klarna’s valuation has fallen by 69% from its peak just a few years ago

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Klarna went from Europe’s most valuable startup to a lesson in how fast fortunes can change—and now, the long-delayed IPO is finally happening. The Swedish company turned “buy now, pay later,” or BNPL into a global catchphrase and won the hearts of Gen Z along the way. Now it’s preparing to list shares at an estimated $14 billion valuation, but it’s been quite a ride to get there, including a 69% fall from the $45.6 billion perch it once enjoyed.

Back in 2021, the Swedish BNPL giant was soaring in subsequent fundraises, first becoming Europe’s startup champion and then coming only behind Stripe among fintechs globally. Still, a $14 billion IPO represents a redemption arc for a company that could’ve easily been another cautionary tale—its valuation plunged by as much as 85%, to $6.7 billion by 2022. Klarna has cleaned up its finances, diversified into ads and consumer features, and now looks more like a disciplined fintech platform than a free-spending rocket ship.

The company, backed by investors including Sequoia Capital and Silver Lake, filed for a U.S. initial public offering that could come by year’s end. It would be among the largest listings of a European technology company in recent years. At its peak in 2021, Klarna was valued higher than some European banks. But rising interest rates, tighter regulation of BNPL services, and investor skepticism toward profitless growth led Klarna to slash operating costs, cut staff, and seek capital at progressively lower valuations.

In recent quarters, Klarna has reported progress. Losses have narrowed, and management has shifted its focus from expansion to measured growth and profitability. Analysts say its large merchant network and consumer adoption remain competitive advantages, though questions persist about the durability of its installment-payment model in a higher-rate environment. In its regulatory filing, Klarna said it was profitable for its first 14 years before expanding into the U.S. and other markets, and it hasn’t recorded an annual profit since 2018. “In 2023, our operating loss started to decline and we began generating positive transaction margin dollars in the United States,” the company said in its regulatory filing. So why did Klarna’s value collapse after its profits did—and why is it headed toward a seeming rebound on the public markets?

1) The end of low interest rates

Tech valuations in general have suffered since 2022, when the Federal Reserve hiked interest rates aggressively to combat rising inflation. Many frothy business models that depended on easy credit—BNPL foremost among them—suffered as capital became costlier. Broader macroeconomic volatility has weighed on many firms similar to Klarna, as geopolitical unrest and trade policy uncertainty have combined to put a cap on investment.

The S&P 500 has become extraordinarily concentrated, led at times by the “Magnificent Seven,” and lately the Magnificent Six without Tesla. Nvidia has shot to a remarkable $4 trillion-plus market cap and can move markets now by virtue of its tremors. At times, the S&P 500 is more like the S&P 10.

2) Consumer slowdown

The American consumer is the engine of the American economy, responsible for two-thirds of GDP most years. And yet something funny has happened in 2025, as the massive surge in data-center construction associated with the AI revolution has contributed more to GDP growth than consumers getting out and shopping. This isn’t to say that data-center construction is two-thirds of GDP, but that it’s growing faster than the average consumer, who is showing signs of fatigue amid a stagnant labor market and a rising inflation backdrop.

Apollo Global’s chief economist Torsten Slok has warned that inflation may resume its upward climb from the 2021 surge that kneecapped Klarna’s highest valuation, seeing a potential “inflation mountain” looming ahead. On the other hand, consumers who are strapped for cash may be turning more to BNPL services, as LendingTree found 14% of U.S. adults who used the services to buy groceries in 2024 evolving into 25% the next year. Consumers may slow down, but rising inflation and even a recession could push them more into financing purchases with the help of BNPL services.

3) Regulatory scrutiny

Klarna came under scrutiny from the Consumer Financial Protection Bureau (CFPB) during the Biden Administration, which certainly favored stronger regulation than the CFPB under either Trump regime. Some Senators and state Attorneys General have urged the CFPB to take a stronger supervisory hand with BNPL firms, voicing concerns that vulnerable, low-income consumers were at risk of being targeted.

The industry has fought back, with a trade group that included Klarna suing the CFPB at one point over “impossible” disclosure rules. As of 2025, the CFPB has deprioritized federal enforcement in BNPL, indicating a shift toward fragmented oversight, with expectations for more state-led regulatory actions and frameworks.

Can the unicorn ride again?

Over the past two years, the company has rebuilt with a focus on cutting losses, expanding into adjacent businesses like advertising, and working toward profitability. The IPO is expected to test investor appetite for fintechs that once commanded dizzying valuations but now face more traditional public-market scrutiny on margins and earnings.

The listing, expected in New York later this year, will still mark one of the most significant European tech IPOs of the decade. Investors will be watching closely to see whether Klarna’s new chapter proves it can outgrow its BNPL roots — or whether once-hot fintechs will struggle to recapture their private-market shine.

For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing. 

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