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Senate approves shutdown ending legislation, sending bill to the House for a vote : NPR

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Senate Majority Leader John Thune, R-S.D., speaks to reporters while walking to his office on November 10, 2025 on Capitol Hill.

Tom Brenner/Getty Images North America


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Tom Brenner/Getty Images North America

On the 41st day of a record-long government shutdown, the U.S. Senate voted 60 to 40 to approve a continuing resolution to reopen the government. The measure would fund much of the government through Jan. 30 and provide funding for some agencies through the end of next September.

But the shutdown will not end right away. The U.S. House of Representatives must also pass the legislation, which is not guaranteed, before President Donald Trump can sign it into law.

Seven Democrats and one independent senator voted with nearly every Senate Republican to approve the stopgap funding bill after a more than monthlong impasse that resulted in missed paychecks for millions of federal workers, delayed food assistance benefits and air travel disruptions.

Sen. Rand Paul, R-Ky., was the sole GOP no vote.

Over the weekend, a bipartisan group of senators reached an agreement to end the shutdown after holding a series of on-again, off-again talks over the last several weeks. A procedural vote to advance a funding bill achieved the required 60 votes late Sunday night, setting up Monday’s vote.

The funding package includes language to reverse reductions in force of federal employees by the Trump Administration during the shutdown, protections against further layoffs through the end of January, backpay for federal employees and a trio of appropriations bills, including one that will fully fund the Supplemental Nutrition Assistance Program, or SNAP, through Sept. 30, 2026.

A deal without Democrats’ health care demands

But the deal does not include an extension of subsidies for Affordable Care Act health insurance premiums that are set to expire later this year. Most Democrats have refused to vote for a funding measure that did not include a concrete path to preserve the subsidies.

Republican Senate Majority Leader John Thune, R-S.D., said Sunday that he would hold a vote by mid-December on a bill of Democrats’ choosing to extend the expiring subsidies. Thune has said throughout the shutdown that Republicans would only negotiate on the subsidies once the government was open.

“This deal guarantees a vote to extend Affordable Care Act premium tax credits, which Republicans weren’t willing to do,” Sen. Tim Kaine, D-Va., wrote in a statement. “Lawmakers know their constituents expect them to vote for it, and if they don’t, they could very well be replaced at the ballot box by someone who will.”

But the majority of Senate Democrats disagreed that this was the best deal they could get, doubting that Republicans would agree to extend the subsidies without the pressure of an ongoing shutdown. After Democratic victories on Election Night last week, some senators said it was a mistake to back down.

“As long as there is still any time left to reverse the MAGA health care hike, I believe we must do everything we can to force Republicans to the negotiating table,” wrote Sen. Patty Murray, D-Wash., the top Democrat on the Appropriations Committee that negotiated the three full-year funding bills.

The full-year funding measures include money for agriculture, military construction and veterans affairs and the legislative branch. Those are just three of the 12 appropriations bills Congress needs to pass before the continuing resolution would run out again at the end of January.

On to the House

House leadership alerted members Monday morning that they would have 36-hours notice to return to Capitol Hill for a vote. The House has not conducted official business since the chamber passed its version of a continuing resolution in mid-September. While Republican House Speaker Mike Johnson has held near-daily press conferences at the Capitol, many rank-and-file have not been in for weeks.

“At the very moment that they do that final vote, I will call all House members to return as quickly as possible,” Johnson told reporters Monday and, noting the ongoing shutdown-related air travel delays, told members, “You need to begin right now returning to the Hill.”

Moving the measure through the House could require some arm-twisting. Many Democrats have indicated they will not support the deal, and some hard-line Republicans may not be inclined to vote for it either.

But Johnson projected confidence Monday that the measure can pass and said Trump is ready to sign it. The speaker, though, has so far declined to promise an ACA vote in the House should a bill pass the Senate.



This story originally appeared on NPR

As treasurer, he was entrusted with police union’s money. Officer stole $100,000, prosecutors say

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A former Baldwin Park police officer pleaded not guilty Monday to allegations that he stole more than $100,000 from the city’s police association during the 18 months he served as its treasurer, Los Angeles County prosecutors said.

Andres Villalobos, 35, faces 29 felony counts of grand theft, two felony counts of possession of an explosive and one felony count of commercial burglary, according to the Los Angeles County district attorney’s office.

Prosecutors allege that between July 2022 and August 2023, Villalobos made a series of unauthorized transfers from the Baldwin Park Police Assn.’s bank account to his online account. The losses total $104,947, officials said.

“Stealing funds that are provided by, and are meant to help fellow police officers, is a serious betrayal of trust,” said Los Angeles County Dist. Atty. Nathan J. Hochman. “Wearing a badge is not a shield from being held accountable.”

An attorney representing Villalobos could not be reached for comment Monday.

Villalobos was elected treasurer of the police association in late 2021, tasked with managing its finances, authorities said. The labor organization represents police personnel in Baldwin Park.

He was initially arrested on embezzlement charges in December 2023, and has since been terminated from the force, according to reports.

Baldwin Park police did not respond to a request for more details about his employment.

During a search of Villalobos’ home, investigators also found two flash-bang grenades, though prosecutors did not disclose where he obtained the explosives.

Villalobos maintained his innocence at a Nov. 10 arraignment hearing, and bail was set at $1.6 million. A preliminary hearing is scheduled for Nov. 24 in a downtown Los Angeles courtroom.

If convicted on all counts, he faces up to 26 years and eight months in state prison.

“My office will continue to hold law enforcement officers who break the law to the same standards as everyone else,” Hochman said.



This story originally appeared on LA Times

Luka Doncic scores 38 to deliver Lakers to win over Hornets

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For once, Luka Doncic had to serve the punishment. For not hitting any half-court shots during his pregame warmup, Doncic had to drop to the court and give his coaching staff push-ups.

The exercise seemingly powered him up for the two-handed dunk to come.

Doncic dazzled in the Lakers’ 121-111 win over the Charlotte Hornets on Monday at Spectrum Center, scoring 38 points with seven assists, six rebounds and one emphatic third-quarter dunk to help the Lakers flush the memories of a blowout loss in Atlanta.

Austin Reaves returned from a three-game absence with 24 points and seven assists while Rui Hachimura scored 21 points with perfect three-for-three shooting from three-point range.

Reaves, who was out with a right groin strain, announced his presence by throwing a lob to Deandre Ayton for the Lakers’ first basket. After Charlotte (3-7) blitzed the Lakers with eight three-pointers in the first quarter to take a 40-36 lead, Reaves answered by scoring seven of the Lakers’ first 10 points in the second. He gave the team a jolt of energy by racing for a transition layup to beat the halftime buzzer, giving the Lakers (8-3) a two-point lead.

“He’s an All-Star-level player,” coach JJ Redick said before the game. “He’s, along with Luka, an incredibly dynamic offensive player. I think our depth increases, the lineup optionality increases, so not having him in the lineup really, really hurts us.”

The Lakers went 2-1 in games without Reaves, but the 20-point loss to Atlanta on Saturday was so striking that Redick was left questioning the identity of his team. The Lakers looked lifeless. Redick waved the white flag by the middle of the third quarter after the starting unit let the deficit balloon to 25.

Lakers guard Austin Reaves shoots over Charlotte Hornets forward Miles Bridges during the first half Monday.

(Chris Carlson / Associated Press)

With Doncic and Reaves back, the Lakers wouldn’t repeat their third-quarter woes.

The Lakers started the second half with an 11-4 run that forced the Hornets to call a timeout. Reaves then assisted a three-pointer from Hachimura that pushed the lead into double digits. Doncic hit a step-back three to put the Lakers up by 12. Doncic’s assist to Hachimura extended the lead to 17.

A driving, two-handed dunk was the exclamation point, stunning the Charlotte crowd as he hung on the rim and screamed. With two dunks this season, he already doubled his total from last year.

Doncic assisted a Reaves three with 8:01 remaining in the fourth quarter and Reaves put up his arms and threw his head back in relief. He had missed his first seven three-point attempts and finished two for 10 from three-point range.

Reaves’ return gets the Lakers one player closer to their full roster. LeBron James is scheduled to practice with the South Bay Lakers this week as he progresses through his return from right sciatica.

Rookie Adou Thiero (left knee surgery recovery) is also nearing his return as Redick estimated the forward could make his NBA debut during this road trip, which continues Wednesday at Oklahoma City and ends with a back-to-back set in New Orleans on Friday and Milwaukee on Saturday.



This story originally appeared on LA Times

NHS diet ‘helping thousands lose weight’ that’s free to join

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A groundbreaking diet promoted by the NHS pledges to assist people living with type 2 diabetes in shedding substantial weight whilst potentially sending their condition into remission. The NHS Type 2 Diabetes Path To Remission Programme, commonly referred to as the ‘soups and shakes’ diet, has witnessed a remarkable surge in uptake.

During 2024/25, more than 13,000 people signed up for the initiative, marking a 100% rise from the preceding year when 6,401 participants joined. Moreover, those qualifying for the scheme won’t face any charges for the support offered, as it receives complete NHS funding.

This follows fresh research examining the programme’s success rate, which discovered that one in three people completing the course achieved remission from their type 2 diabetes. Moreover, those participants shed an average of nearly 16kg in weight.

Posting on X, NHS England said: “Last year, over 13,000 people with type 2 diabetes joined the NHS ‘soups and shakes’ diet – almost double the year before. This programme is transforming lives, helping thousands lose weight and for some, putting their condition into remission.”

How does the diet work?

Participants enrolled in the scheme receive various ultra-low-calorie meal replacement items, including soups and shakes, totalling 800 to 900 kilocalories daily over 12 weeks.

Consequently, individuals are urged to substitute all their regular meals with these reduced-calorie alternatives. Participants can also benefit from a year-long support and monitoring programme, which includes guidance on reintroducing food after the initial 12-week period.

Local GPs are also on hand to provide assistance, particularly if there’s a need for medication adjustments.

To qualify for the programme, applicants must have been diagnosed with type 2 diabetes within the last six years and have a BMI over 27kg/m2 if they’re of White ethnicity or 25kg/m2 if they’re from a Black, Asian, or other ethnic group. Those interested in joining the programme should discuss it with their GP or diabetes team at their next appointment.

NHS England’s Lead Diabetes Doctor enthused: “This proven NHS diet programme is transforming lives – helping thousands of people to lose weight, and for some people put their type 2 diabetes into remission”.

Full details on the programme can be found here.



This story originally appeared on Express.co.uk

How much do you need in a Stocks and Shares ISA to aim for a £1,000 a month income?

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Image source: Getty Images

UK dividend shares are a very popular pick among Stocks and Shares ISA investors aiming for long-term income.

Returns depend on the dividend yield we can achieve. But what actually is that? It’s the dividend per share divided by the share price. So if a share costs 100p and pays a 5% yield, that’ll be 5p per share per year.

Analysts forecast a 3.2% average dividend yield from the FTSE 100 for the current year — though it varies a bit depending on who we ask.

Index returns

That means if we spread our cash across the whole index, we could aim for £32 per year from each £1,000 we invest in our Stocks and Shares ISA.

We could do that with an index tracker, like the iShares Core FTSE 100 UCITS ETF. It currently has a forecast dividend yield of… oh yes, 3.2%.

At that rate, we’d need to build up £375,000 in an ISA to generate £1,000 a month. But I reckon we can aim to do better.

What you need to know

Before we think about better dividend returns, we need to understand a couple of things. Dividend yields are not guaranteed. The best a company can tell us is what it hopes to pay. And companies facing a squeeze often don’t mention the dividend until they cut it.

Also, when we look for high yields, we often see them concentrated in a few sectors. So while we want good dividends, we also need to make sure we have enough diversification.

Beat the index

The FTSE 100 includes shares that pay low or no dividends. So what if we take the biggest? I calculate a 5.9% average yield from the top 20. With a return like that, we’d need around £204,000 in an ISA to pay a monthly £1,000. And that’s a lot less than £375,000.

The top 20 is a bit heavy on the financials right now. But it shouldn’t be too hard to narrow it down a bit and achieve pretty good diversification.

A stock to start?

As an example, the British American Tobacco (LSE: BATS) forecast dividend yield is a fraction above 5.8%, so very close to that top-20 average.

As well as offering a decent yield, the dividend should also be well covered. Forecasts suggest earnings around 1.4 times the dividend this year. For a company that generates strong cash flow, that seems comfortable to me.

It doesn’t mean the dividend can’t falter. But, other things being equal, good cover can reduce the danger. The company has also raised its dividend every year since the start of the century. That doesn’t make it bomb-proof, but a track record like that gives me more confidence.

Challenge

The main risk is that tobacco is going out of fashion, at least in the developed world. British American is doing well in its move towards non-smoking alternatives, but it’s still a challenge.

Saying that, picking from the best FTSE 100 dividends is my Stocks and Shares ISA strategy. And I rate British American Tobacco as one to consider.



This story originally appeared on Motley Fool

The Voice Season 28 Knockout Results, Plus Can Anyone Beat Dek Of Harts?

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Monday’s episode of “The Voice” marked the third part of Season 28 Knockouts, with four more contestants getting the boot — and one lucky trio (guess which one!) earning Niall Horan’s Mic Drop nomination.

Though none of this week’s performances were especially noteworthy, the hourlong broadcast did raise a few important questions. First of all, why were we only shown one side of Trinity and Jake Austin’s Knockout performance? Come on, “Voice,” don’t get us invested in these singers if you’re just going to boot them unceremoniously.

The other question we have to ask: Is it really fair for any one individual singer to go up against the three-person juggernaut that is Dek of Harts? No matter how good a contestant is, they can’t harmonize with themselves, much less deliver the three-part treats we’ve come to expect from the group at this point. Dek of Harts isn’t necessarily our “contestant” of choice, but we’re dying to see how the competition turns out for them. Are they the ones to beat?

Read on for a breakdown of the four Knockout performances from Monday’s episode of “The Voice,” then vote for your favorite of the night and drop a comment with your thoughts on Season 28 thus far. Were any of your favorites wrongfully eliminated tonight?

Team Reba: Ryan Mitchell (Zombie) vs. Conrad Khalil (Closer)

The show’s first-ever Carson Callback proved that the host didn’t make his choice in vain with a solid take on this Cranberries classic. His intensity was spot-on, and kept things interesting with a number of melodic change-ups, taking the coaches by pleasant surprise.

Then came Conrad with one of Ne-Yo’s biggest hits, which didn’t start off very exciting — but once he started snapping, we also snapped into it. (Side note: Why was he dressed like a British school boy? If this was a fashion face-off, we’d definitely choose Ryan’s leather pants over Conrad’s shorts.)

WINNER: Ryan Mitchell (B+)
ELIMINATED:
Conrad Khalil (B+)

Team Bublé: Rob Cole (Wondering Why) vs. Marty O’Reilly (The Letter)

Bublé himself put it best: We would listen to Rob sing all day long. With his bluesy take on this Red Clay Strays song, it really felt like he was telling us a story. And his runs felt like natural musical choices, rather than deliberate show-off moments. But he really came alive when he got up from his piano, constantly keeping us guessing — and impressed!

As for Marty’s cover of this Box Tops classic, we’re not sure who should get the blame here. It sounded like his nerves were getting the better of him, but this was also a bizarre arrangement of a very well-known song… that we barely recognized. Either way, we never want to hear it like this again. Mary has a big sound and a lot of potential, but his voice is something of an acquired taste, a taste we will not be developing this season.

WINNER: Rob Cole (A)
ELIMINATED:
Marty O’Reilly (B+)

Team Buble: Trinity (I’m Your Baby Tonight) vs. Jack Austin

This week’s “Wait, did I miss something?” moment came courtesy of the second Team Bublé Knockout. We saw the Canadian Crooner choose Trinity as his winner — and deservedly so, as she exhibited an impressive vocal range and enviable stage presence — but we didn’t get to hear so much as a note from her challenger, Jack Austin. And that’s a shame, because Jack and Dek of Harts gave what we believe to be the strongest Battle of Season 28. We were falling for Jack, and we would have loved to have gotten to see more of him. (At the very least, we would have liked to actually see this performance. What gives?)

WINNER: Trinity (A-)
ELIMINATED:
Jack Austin (grade N/A)

Team Niall: Dek of Harts (What If I Never Get Over You) vs. Kayleigh Clark (Blue)

Let’s be honest, no one wanted to have to go up against this season’s three-person wrecking ball. The trio’s pitch-perfect harmony on this Lady A heartbreaker was unreal, guaranteed to drown out virtually any opponent on any of the coaches’ teams.

To be fair, Kayleigh put up a heck of a fight, even with the odds stacked against her. She was the knife in this gun fight, but at least she got plenty of decent stabs in by arming herself with this oft-covered Bill Mack country classic. With just enough rasp and yodeling skills for days, Kayleigh had the coaches entranced… but she still wasn’t Dek of Harts, and no one ever could be.

WINNER: Dek of Harts (A)
ELIMINATED: Kayleigh Clark (A-)

We also can’t say we’re surprised that Niall used his Mic Drop on Dek of Harts. A solid choice.





This story originally appeared on TVLine

Visa, Mastercard reach swipe-fee settlement — Here’s how it will affect your wallet

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Visa and Mastercard announced Monday that they reached a proposed settlement that would lower charges that merchants pay to the credit card networks.

While those fees are paid by the store every time a customer makes a transaction, they often get passed onto consumers through higher costs for goods and services. 

These fees are commonly referred to as swipe fees or interchange fees, which the National Retail Federation (NRF) argued added inflationary pressure to the US economy, driving up prices for households nationwide.

These fees often fall between 2% and 2.5%. But under the long-awaited deal, which would end 20 years of litigation, Mastercard and Visa agreed to lower the fees that businesses pay when customers use their credit cards by about one-tenth of a percent on most US credit card purchases for five years, according to regulatory filings.

This means merchants would pay 0.1% less per transaction, which could save retailers and consumers money when spread across millions of purchases.

The NRF has long argued that swipe fees are one of the highest operating expenses for retailers, which it said drives up consumer prices by over $1,200 a year for the average family. 

Mastercard and Visa agreed to lower the fees that businesses pay when customers use their credit cards by about one-tenth of a percent on most US credit card purchases for five years, according to regulatory filings. Getty Images/iStockphoto

Stephanie Martz, NRF chief administrative officer and general counsel, said the planned reduction announced in Monday’s settlement doesn’t go far enough and that “it is a small fraction of the 2.35% average swipe fee charged to merchants in 2024 and equivalent to rolling back fees by only about one year.” Martz said swipe fees have grown by three times as much since 2010 and averaged 2.26% in 2023. She believes the new proposed settlement should be rejected.

The National Association of Convenience Stores (NACS) echoed this sentiment, saying that the settlement should be rejected because “it will not benefit merchants and consumers and would provide the credit card giants legal immunity to increase fees and anti-competitive practices.”

Mastercard told FOX Business that it believes the deal is the “best resolution for all parties, delivering the clarity, flexibility and consumer protections that were sought in this effort.” 

With the deal, Mastercard said smaller merchants will gain more acceptance choices, reduced costs and simplified rules.

“Even more, it allows us to focus our energies on continuing to give consumers, small businesses and larger merchants what they expect from Mastercard – a better payments experience, strong value and peace of mind,” the company said.

Visa said the proposed settlement with US merchants of all sizes “would provide meaningful relief, more flexibility and options to control how they accept payments from their customers.” 


A close-up of several credit cards, with MasterCard and VISA logos visible.
The National Retail Federation said the settlement doesn’t go far enough and “it is a small fraction of the 2.35% average swipe fee charged to merchants in 2024 and equivalent to rolling back fees by only about one year.” AP

The terms of the deal would also give merchants more power by loosening the requirements that state that if they accept one of the network’s cards, they would be required to accept all of them. For example, stores could choose whether to take consumer cards, business cards, or both.

Within consumer cards, they could decide whether to accept standard cards, premium rewards cards, or both. But merchants can’t pick and choose between banks, which means they can’t accept a Chase Visa but reject a Citi Visa if both are the same card type.

The deal still needs to be approved by a federal judge in the Eastern District of New York before it becomes final. The settlement would resolve ongoing US merchant litigation against Mastercard and Visa that is related to interchange fees and merchant rules.

Both companies were sued by merchants over how they set and enforce credit-card swipe fees and rules that limit how merchants can steer customers toward cheaper payment methods. Those cases have been ongoing since 2005. The companies have not admitted any wrongdoing.

The changes to its fee system and card-acceptance rules aren’t expected to take effect until the court approves the settlement, which is expected sometime in late 2026 or early 2027.



This story originally appeared on NYPost

Mayor Robert Wagner’s wife knew being NYC’s first lady is no easy task: ‘Politics are vicious’

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Stand by your Mam

NYC’s new mayor-elect — a true mazel tov for 8 million taxpayers — has a wife. She so far hasn’t said a word. Susan Wagner, whose husband Robert F. was first elected mayor in 1953, told me, “No fun place to be.

“Our official car wasn’t safe. Springs were broken. Picking up dignitaries like General de Gaulle with wind blowing in on both sides? It always broke down.”

Tall, blond, handsome, chic blue suit that she said, “I bought on sale,” told me: “Politician’s wives need a sense of humor. Plus patience, thick skin and inability to hear remarks like, ‘I’ve seen that dress on her before.’ I answer, ‘And you’ll see it again!’ ”

Robert F. Wagner and his wife Susan casting their votes at a polling place in Manhattan on Nov. 3, 1953. Photo by New York Post Archives /(c) NYP Holdings, Inc. via Getty Images

From a meeting in progress next door, stray commissioners wandered through while a secretary kept handing her messages. And a maid dusted nearby photos of Nehru, Kennedy, Queen Elizabeth. Meetings continued to her left, phones went off all around.

“Politics are vicious. I anticipated it would be not quite this horrible. I’m OK because it’s my husband’s life. Our son was upset hearing his father attacked. He’s seen his father misquoted. He missed school days.

“I wish we had some private time. Meetings are constant. Once, first in weeks, we had dinner home. But he dashed out afterward to make a speech. Everybody’s trying to produce him at too many places. If I look fast I can see him across a dais. It gets lonely. I’m marooned upstairs but we’re never together. I can’t even breakfast with him because who knows who’s going to be here.

“And how about the food bills? A pushier person maybe this wouldn’t affect but I’m sensitive. Bills add up when you’re not spending your own money. Nobody mentions Parks Department employees and police who grab big meals here midday. Plus bacon and eggs every morning.

“It’s constant official entertaining. Aside from big affairs with 1,500 on the lawn, we clock about 600 a week — not counting the men who meet him on business.”

Yeah . . . well, lotsa luck, Mrs. Mamdani . . . That’s also what we think.


Lately there’s discussion about genetically altered fruits and vegetables. Food specialists — one who says he’s trying to splice a head of cabbage with a razor blade — is looking to grow coleslaw.

OK by me. I don’t care. But I have a friend who says they better not start fooling around with the Jolly Green Giant’s niblets.

Oy. Only in the Food & Drug Department, kids, only in the Food & Drug Department.



This story originally appeared on NYPost

CoreWeave earnings: Data-center operator posts $56 billion in contracted future revenue, but revenue guidance drops amid bubble fears

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CoreWeave needed a lot of things to go right on Monday as it released third-quarter financial results, and one of the most critical was showing that its contracted future revenues could hit a $50 billion target Wall Street had set as a benchmark for the AI data-center and infrastructure operator. 

In its announcement, CoreWeave confirmed it nearly doubled its revenue backlog, which includes “remaining performance obligations” (RPOs) and other amounts it estimates will be recognized as revenue, to $55.6 billion, up from $30 billion the previous quarter. The surging backlog, which represents future revenues from customers, was driven by contracts with Meta, OpenAI, and French AI startup Poolside. Earnings and revenue, meanwhile, both beat analysts’ consensus estimates.

The company also reported an increase in the debt on its balance sheet, however, and it revised its full-year revenue guidance downward. Following its earnings release and call with analysts, the stock dropped 6% in after-hours trading.

Some investors have trained a gimlet eye on CoreWeave as more skeptics kick the tires of the booming AI trade and the concurrent infrastructure buildout. Concerns about CoreWeave, which some see as a potential canary-like indicator of weakness in the AI ramp-up, and about the AI build-out in general have sent the stock on a journey that has seen it tumble more than 30% from mid-August highs.

The downward revision in revenue guidance reflected delays in construction of some of CoreWeave’s data centers. “While we are experiencing relentless demand for our platform, data center developers across the industry are also enduring unprecedented pressure across supply chains,” CEO Michael Intrator said during the analysts’ call. “In our case, we are affected by temporary delays related to a third-party data-center developer who is behind schedule.”

Chief financial officer Nitin Agrawal offered full-year 2025 revenue guidance of $5.05 billion to $5.15 billion, down slightly from the guidance Intrator offered on the second-quarter earnings call, of between $5.15 billion to $5.35 billion. The customer impacted by the delay agreed to adjust the delivery schedule and extend the expiration date, Intrator said, which means CoreWeave will maintain the total value of the original contract.

Agrawal said the company’s 2025 capex spending would be between $12 billion to $14 billion, down significantly from the $20 billion to $23 billion Intrator forecast last quarter. However, Agrawal said CoreWeave expects 2026 capex to soar.

“Given the significant growth in our backlog and continued insatiable demand for our cloud services, we expect capex in 2026 to be well in excess of double that of 2025,” Agrawal said.

Revenue leaps, losses narrow, debt increases

CoreWeave reported revenues of $1.4 billion for the quarter, up from $584 million in the same quarter last year and beat analysts’ estimates. Profitability, at least by traditional GAAP measures, remains elusive. CoreWeave reported a net loss of $110 million, although it was an improvement over its $359.8 million loss in the third quarter last year and also better than analysts expected.

Adjusted net loss, which shows financial performance without extraordinary items, was $41 million for the quarter compared to the same quarter last year when it was break-even, Agrawal said. Adjusted EBITDA, which shows earnings without certain one-time expenses, were $838 million in the third quarter, compared to $379 million in Q3 2024. 

Operating income, a metric that shows profit from core businesses, fell to $51.9 million, compared to the same quarter last year when it was $117.1 million. Operating margins shrunk to 4% from 20%. 

Meanwhile, adjusted operating income, which shows a different view on core business performance, was $217 million for the third quarter, compared to $125 million in the third quarter of 2024, said Agrawal, the CFO. CoreWeave’s third quarter adjusted operating margin was 16%, due to higher revenues, lower costs, and the timing of data center deliveries from third parties.

 While Monday was just this side of positive for CoreWeave, analysts who are bearish on the AI cloud computing company remain leery of its finances. They see the company as at risk of being overwhelmed by the significant financial commitments it has taken on to build out data centers, which currently look disproportionately large compared to its revenues and cash flow. Based on its latest earnings release, CoreWeave has $9.7 billion in bills due within the next 12 months on its balance sheet, and a total of $14 billion in current and longer-term debt. Last quarter, those figures were $7.6 billion and $11 billion, respectively. 

CoreWeave also has $34 billion in scheduled lease payments on contracts that will commence between now and 2028. Interest expense reached $311 million for the quarter, nearly triple the figure from the year-earlier period, of $104 million. 

CoreWeave bulls, meanwhile, remain confident that revenues from the company’s book of contracts will eventually far outstrip its debt obligations. During the past three months, CoreWeave has announced a spate of significant deals, booking a $14.2 billion deal to provide Meta with computing capacity and an agreement with Poolside for a data center with 40,000 of Nvidia’s coveted GPUs.



This story originally appeared on Fortune

MURMUR: Bridalwear with Impact

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MURMUR does not follow convention; this is a brand that takes the idea of femininity and rebuilds it through structure, sharp tailoring, and references to classic lingerie. Founded in 2011 by Romanian designer Andreea Badala, MURMUR is an international ready-to-wear label focused on reconnecting women with their sensuality in a way that feels deliberate rather than performative.

MURMUR has caught the attention of artists and performers who see clothing as both expression and control. Madonna, Lady Gaga, Gigi Hadid, Pamela Anderson, Kristen Stewart, Shay Mitchell, Katy Perry, Emily Ratajkowski, and Dua Lipa have all worn the brand. Most recently, Lauren Sanchez made headlines in MURMUR during her bachelorette celebrations in Paris, proving the pieces continue to show up in global styling moments and on red carpets alike.

MURMUR bridalwear

As for the bridal edit, it follows the same direction, focusing on clean silhouettes, sharp construction, and a measured balance between structure and skin – wall flowers need not apply here.

We see corset dresses that are built with sculpted boning and precise contouring, firm, controlled, and minimal. Ideal for receptions or after-parties, they offer shape and feel modern with just enough impact.

There are also sheer-panelled midi dresses that use mesh and lace to create contrast and definition. Sitting alongside this are the tailored separates, which offer a modular alternative to a full gown. Think structured blazers, fitted trousers, and corseted tops that allow for different combinations with the same level of control. The silhouettes remain sharp, and the proportions exact.

The brand completes the line with fun, flirty mini dresses that reflect a shift in energy. They are still refined, but made for movement. Celebrity-approved bodysuits and base layers complete the collection — worn on their own or under tailored pieces, they carry the same design discipline that runs through the rest of the line.

MURMUR’s bridal collection is made for women who want bold, structured pieces with precision and purpose. It delivers spectacle without excess, and elegance with intent.



This story originally appeared on Upscalelivingmag