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CTO Realty Growth Announces Acquisition of Pompano Citi Centre for $65.2 Million
Globenewswire· 2025-12-18 12:16
Core Viewpoint - CTO Realty Growth, Inc. has announced the acquisition of Pompano Citi Centre for $65.2 million, marking its first entry into the Fort Lauderdale market and expanding its footprint in Florida [1][3]. Group 1: Acquisition Details - The Pompano Citi Centre consists of 509,000 square feet of operating space, currently 92% occupied, and includes 62,000 square feet of unfinished shell space for future leasing opportunities [2]. - The property is anchored by major retailers such as Burlington, TJ Maxx, Nordstrom Rack, Ross Dress for Less, and J.C. Penney, and is located at a high-traffic intersection, enhancing visibility and access [2]. - The surrounding area has a robust demographic profile, with an average household income of $105,000 and a population exceeding 250,000 within a five-mile radius [2]. Group 2: Strategic Implications - The acquisition is expected to create long-term value through strategic mark-to-market rent opportunities and incremental leasing [3]. - This transaction is accretive to an anticipated property disposition, bringing the year-to-date investment volume to $149.9 million [3]. Group 3: Company Overview - CTO Realty Growth, Inc. specializes in owning and operating high-quality, open-air shopping centers in high-growth markets in the Southeast and Southwest United States [4]. - The company also manages and holds a significant interest in Alpine Income Property Trust, Inc. [4].
CarMax Profit Sinks as Struggles Continue
WSJ· 2025-12-18 12:16
CarMax reported lower fiscal third-quarter sales and profit as the company's hold on the used-car market continues to slip. ...
'I INHERITED A MESS': Trump UNLEASHES explosive economic victory speech
Youtube· 2025-12-18 12:15
But first, the hot topic of the hour. President Trump addressing the nation last night from the White House, celebrating his accomplishments after one year back in office, giving Americans a glimpse into the new year ahead. Watch. >> 11 months ago, I inherited a mess, and I'm fixing it. When I took office, inflation was the worst in 48 years. and some would say in the history of our country, which caused prices to be higher than ever before, making life unaffordable for millions and millions of Americans. N ...
I retired at 60 and have an untouched $700k nest egg. Are RMDs going to skyrocket my taxes owed?
Yahoo Finance· 2025-12-18 12:15
Alice is a relatively young retiree and likely has many independent years ahead of her. But it’s helpful to consider that at some point, she may need to outsource some daily living tasks. In fact, according to the Center for Retirement Research (CRR) at Boston College, 80% of 65-year-olds will need long-term care at some point over their remaining years (1).Some retirees simply need an extra hand with groceries or household chores. Others may require long-term care with daily support for everyday tasks. And ...
Inno Holdings Inc. Announces 1-for-24 Reverse Stock Split as Part of Strategic Nasdaq Compliance Initiative
Globenewswire· 2025-12-18 12:15
Core Viewpoint - INNO HOLDINGS INC. has announced a 1-for-24 reverse stock split to comply with Nasdaq listing requirements and strengthen its capital structure [1][4]. Group 1: Reverse Stock Split Details - The reverse stock split will reduce the number of issued and outstanding shares from approximately 97,948,480 to about 4,081,187 shares [3]. - The reverse stock split will take effect on December 22, 2025, at 12:01 a.m. Eastern Time, and the common stock will continue to trade under the symbol "INHD" on a split-adjusted basis [2][3]. - Fractional shares will not be issued; instead, any fractional entitlements will be rounded up to the next highest whole number [3]. Group 2: Company Overview - INNO HOLDINGS INC. is a trade-focused electronic products trading company incorporated in Texas, with operations primarily in Hong Kong [5]. - The company aims to enhance its enterprise value and shareholder value by creating greater commercial value for its business partners [5]. - INNO has a professional brand and marketing management system to facilitate the connection and operation of marketing channels globally [5].
Olive Garden owner Darden Restaurants hikes revenue outlook for second straight quarter
CNBC· 2025-12-18 12:15
Core Insights - Darden Restaurants reported strong sales growth driven by demand at Olive Garden and LongHorn Steakhouse [1][2] - The company raised its full-year revenue growth outlook for fiscal 2026 to 8.5% to 9.3% while maintaining its earnings projections [1] - Fiscal second-quarter net income increased to $237.2 million, or $2.03 per share, compared to $215.1 million, or $1.82 per share, a year earlier [2] Financial Performance - Excluding restaurant closure costs and acquisition-related expenses, the adjusted earnings per share were $2.08 [2] - Net sales rose by 7.3% to reach $3.1 billion [2] - The company's shares rose more than 4% in premarket trading following the earnings report [2]
MSTY: Why It's Not As Bad As It Seems
Seeking Alpha· 2025-12-18 12:14
Core Insights - YieldMax MSTR Option Income Strategy ETF (MSTY) is the largest ultra high-yield covered call ETF by assets under management and is well-known and popular in the market [1] Company Overview - MSTY is recognized for its significant asset base, indicating strong investor interest and confidence in its strategy [1] Investment Strategy - The ETF employs a covered call strategy, which typically aims to generate income through option premiums while holding underlying securities [1] Market Position - As the largest in its category, MSTY may attract more investors looking for high-yield options, potentially influencing market trends in the ultra high-yield ETF space [1]
Eli Lilly Scores Another Major Win: Time to Buy?
Yahoo Finance· 2025-12-18 12:13
Key Points Eli Lilly's next-gen anti-obesity candidate hit it out of the park in a phase 3 study. This should help solidify the company's lead in this niche of the industry. Even after their strong run, Lilly's shares remain attractive at current levels. 10 stocks we like better than Eli Lilly › Can anyone stop Eli Lilly (NYSE: LLY)? The pharmaceutical leader has established itself as the leader in the fast-growing weight loss market. And although many other drugmakers are hot on its tail, Lilly ...
Mizuho Securities to acquire majority stake in India’s Avendus Capital
Yahoo Finance· 2025-12-18 12:12
Core Viewpoint - Mizuho Securities has agreed to acquire over 60% of Avendus Capital, enhancing its presence in India's financial services market and establishing a strategic partnership for growth [1][2][3]. Group 1: Acquisition Details - Mizuho will purchase shares from Avendus Capital's majority shareholder, Redpoint Investments, and co-founder Ranu Vohra [1]. - The transaction is subject to regulatory approvals and will result in Avendus becoming a consolidated subsidiary of Mizuho upon completion [2]. - Avendus founders and existing leadership will continue to manage the firm, maintaining its strategy and brand identity [2][4]. Group 2: Strategic Implications - The acquisition will provide Mizuho access to Avendus's operational identity and brand while leveraging its institutional network and global scale [5]. - Mizuho Financial serves over 20 million retail clients in Japan and operates more than 100 offices globally, offering a range of corporate and investment banking services [5]. - This move is expected to strengthen Mizuho's position in India's capital markets and support clients' interests in expanding into the Indian market [6]. Group 3: Future Outlook - Avendus co-founder and CEO Gaurav Deepak expressed optimism about the long-term strategic partnership with Mizuho, aiming to bring innovative capital solutions to the Indian ecosystem [3]. - Mizuho is actively assessing opportunities to expand its investment banking operations in India, leveraging its corporate advisory and finance experience from other regions [7].
Schouw & Co. to initiate share buy-back programme of up to DKK 240 million
Globenewswire· 2025-12-18 12:12
Core Viewpoint - Aktieselskabet Schouw & Co. has announced a new share buy-back programme of up to DKK 240 million, set to run from January 2, 2026, to December 31, 2026, replacing the previous programme that was fully executed by December 12, 2025 [1][2]. Group 1: Share Buy-Back Programme Details - The new share buy-back programme is authorized by the Board of Directors based on a resolution from the annual general meeting held on April 10, 2025, allowing the company to acquire treasury shares up to 20% of its total share capital [2]. - Currently, Schouw & Co. holds 2,242,793 treasury shares, which is 8.97% of the share capital, and under the new authorization, it can acquire an additional 2,757,207 treasury shares, totaling 11.03% of the share capital [2]. - The buy-back will comply with Regulation (EU) No. 596/2014 on market abuse and the Commission's delegated regulation (EU) 2016/1052, which outlines "Safe Harbour" rules [3]. Group 2: Purpose and Management - The primary purpose of the share buy-back programme is to reduce the company's share capital [4]. - Schouw & Co. has appointed Nordea as the lead manager for the programme, which will operate independently in making trading decisions without influence from Schouw & Co. [5]. - The company reserves the right to suspend or terminate the programme at any time, with such decisions to be disclosed in a company announcement [5]. Group 3: Reporting and Transparency - Schouw & Co. will provide weekly announcements regarding the transactions conducted under the share buy-back programme [6].