Core Insights - A villa in Shenzhen's Overseas Chinese Town was sold for approximately 365 million yuan, setting a record for judicial auction prices in Shenzhen and surpassing similar properties in Beijing and Shanghai, making it one of the highest-priced residential properties in the national judicial auction market [1][3] Auction Details - The auction attracted over 180,000 viewers and involved six bidders, starting from a base price of 215 million yuan and escalating to 365 million yuan after 118 rounds of bidding over four hours [1][3] - The final price of 364 million yuan represented a premium of 149 million yuan over the starting price, with a premium rate of 69.3%, breaking the previous record for judicial auctions in Shenzhen [3][4] Property Characteristics - The villa has a total construction area of 639.35 square meters, with a market price previously listed at 520 million yuan, indicating a significant price difference of over 300 million yuan from the starting auction price [3][4] - This property is part of a limited development of only 10 standalone villas in the twelfth phase of the project, highlighting its scarcity and desirability in the luxury real estate market [4] Market Trends - The luxury judicial auction market in first-tier cities has remained active since 2025, with high-quality assets continuing to attract competitive bidding [7] - Nationally, the judicial auction market has seen a 62.48% year-on-year increase in participation, with a total of 591,200 bidders in the first three quarters of 2025, indicating a growing recognition of asset value in the market [7]

Financial Performance - The company's total Adjusted EBITDA decreased from $336 million in Q2 2025 to $217 million in Q3 2025, a decrease of $119 million[6] - Net sales decreased from $1,884 million in Q2 2025 to $1,717 million in Q3 2025[7] - Net contribution to earnings before special items decreased from $165 million in Q2 2025 to $55 million in Q3 2025, a decrease of $110 million[6, 7] - Diluted EPS before special items decreased from $012 in Q2 2025 to $006 in Q3 2025[7] Segment Performance - Timberlands Adjusted EBITDA decreased slightly from $152 million in Q2 2025 to $148 million in Q3 2025, a decrease of $4 million[6] - Real Estate, Energy & Natural Resources (ENR) Adjusted EBITDA decreased significantly from $143 million in Q2 2025 to $91 million in Q3 2025, a decrease of $52 million[6] - Wood Products Adjusted EBITDA decreased dramatically from $101 million in Q2 2025 to $8 million in Q3 2025, a decrease of $93 million[6] Timberlands - Timberlands' total sales increased from $529 million in Q2 2025 to $536 million in Q3 2025[18] - Adjusted EBITDA margin percentage for Timberlands decreased from 29% in Q2 2025 to 28% in Q3 2025[18] Real Estate, Energy & Natural Resources (ENR) - Real Estate Adjusted EBITDA decreased from $113 million in Q2 2025 to $56 million in Q3 2025[30] - Total sales for Real Estate & ENR decreased from $154 million in Q2 2025 to $103 million in Q3 2025[32] Wood Products - Wood Products Adjusted EBITDA decreased from $101 million in Q2 2025 to $8 million in Q3 2025[38] - Lumber sales realizations decreased 11% from Q2 2025 to Q3 2025[41]

Core Points - Visionary Holdings Inc. successfully held its 2025 Annual General Meeting (AGM) with 97.79% of voting rights represented, exceeding quorum requirements [1] - All core agenda items, including board renewal and auditor reappointment, were approved with an overwhelming majority, establishing a solid governance foundation for the upcoming fiscal year [2] I. Board Renewal - The company renewed its Board of Directors, adhering to U.S. SEC and Nasdaq standards for director independence, with 16 candidates selected from 18 profiles [3] - Nine candidates were officially elected to the 4th Session of the Board, receiving over two-thirds of affirmative votes, with their term lasting until the end of the 2026 AGM [4] - The new board members bring diverse professional backgrounds, enhancing strategic decision-making and governance structure [5] II. Reappointment of Auditors - The AGM approved the reappointment of Assentsure PAC as the auditor for the 2025-2026 fiscal year, ensuring compliance with U.S. SEC and Nasdaq audit supervision requirements [6] - Assentsure PAC has a strong track record, having completed the previous fiscal year's audit efficiently, and will continue to ensure accurate financial disclosures [7] III. Review of Annual Reports - The financial report for the 2024-2025 fiscal year was approved, highlighting that 78% of revenue came from core businesses, with a 100% year-on-year growth in net profit from new health projects [9] - The company maintained total assets of USD 68,792 thousand and an asset-liability ratio of 80%, indicating a stable financial structure [9] - Strategic progress included establishing branches in China, acquiring new clients, and enhancing international brand influence [10] IV. Confirmation of Statutory Matters - The AGM confirmed the legality of the board election results, the appointment of Assentsure PAC, and the compliance of the 2024-2025 Form 20-F with regulatory requirements [12] V. Follow-up Arrangements - The first meeting of the new Board of Directors is scheduled for November 3, 2025, to elect key positions and appoint senior management, with resolutions to be disclosed promptly [13] Conclusion - The Board of Directors emphasized a commitment to shareholder responsibility and business development, aiming to enhance core competitiveness and deliver long-term value [14]

Core Viewpoint - FAVO Capital Inc. is transitioning to operate under the name Stewards Inc., reflecting its evolution into a multi-segment financial platform [1][2]. Company Overview - Stewards Inc. (formerly FAVO Capital Inc.) is a diversified financial company focused on private credit and real asset investments, aiming for responsible growth through disciplined underwriting and technology-driven analytics [5][6]. - The company provides scalable revenue-based financing and structured credit solutions to small and mid-sized businesses in the U.S. and is building a portfolio of income-producing real estate assets [5][8]. Brand Transition - The name change to Stewards Inc. aligns the company's business units, governance framework, and investor communications under a unified global brand, without merging with another entity [2][4]. - The effective date for the name and ticker symbol change is expected to be November 10, 2025, pending FINRA's confirmation [3][4]. Leadership Support - The transition has the full support of the company's leadership, emphasizing the significance of the Stewards name, which embodies values of stewardship, integrity, and discipline [3][4]. Operational Focus - Stewards Inc. will continue to expand its platform across three pillars: private credit, real assets, and digital infrastructure, enhancing operational efficiency and transparency [8].

Core Insights - Oslo Innovation Week 2025 attracted 15,000 participants from various sectors, focusing on climate action through research and entrepreneurship [3] - Oslo's annual venture capital has surged 13 times since 2014, reaching $650 million in 2024, driven by interests in clean technology, maritime technology, and life sciences [4] Company Highlights - **Norwegian Mycelium (NoMy)**: Winner of the Oslo Innovation Award 2025, NoMy transforms food industry waste into mycoproteins using AI-driven fermentation, recently raising €1.25 million for commercialization [6][9] - **Avisomo**: Innovating modular vertical farming to reduce waste and costs in fresh produce supply chains, Avisomo secured €5.2 million in funding to develop its indoor farming solutions [11][12] - **Agoprene**: Developed a sustainable seaweed-based foam alternative to petroleum-based products, recently launching automated production after receiving a grant of $81,900 from the EU [15][17] - **Brim Explorer**: Offers hybrid electric boats for sustainable tourism, with plans to expand its fleet and promote environmental awareness through its Ocean Ambassador Program [20][24] - **Telescope**: An AI-driven platform that assesses climate risks for real estate, raised €3.7 million to enhance its services, providing localized risk assessments [25][28][30] Industry Trends - The focus on sustainability is evident as companies like NoMy and Agoprene address environmental impacts in food production and materials [6][15] - The rise of vertical farming solutions like Avisomo indicates a shift towards reducing carbon footprints in agriculture [11][12] - The maritime sector is adapting to sustainability demands, with Brim Explorer leading the way in eco-friendly tourism [20][21] - The financial sector is increasingly recognizing climate risks, as highlighted by Telescope's innovative approach to risk assessment [26][27][29]

Aldar Properties' shares have risen by a fifth this year on the back of a real estate boom in the United Arab Emirates https://t.co/Mf9J0fQaVK ...

Group 1: Earnings Reports - Amazon reported third-quarter net sales of $80.2 billion, beating the street estimate of $77 billion, while AWS net sales were $33 billion, missing the estimate of $34.2 billion [9][10] - Amazon's EPS was $1.95, exceeding the expected $1.58, but the operating margin was 9.7%, below the anticipated 11.1% [10] - Roku's full-year net revenue forecast was raised to $4.69 billion, slightly above the estimate of $4.66 billion, but shares fell 10% post-market [16][17] Group 2: Market Reactions - Amazon shares rose approximately 10% in after-hours trading following the earnings report, indicating positive investor sentiment [15] - Despite a strong earnings report, Zillow shares dropped about 1% in after-hours trading, despite beating revenue estimates [22] - Reddit's shares increased by 11% in after-hours trading after reporting daily active users of 116 million, surpassing the estimate of 114 million [26][27] Group 3: Company Guidance and Future Outlook - Amazon guided for fourth-quarter net sales between $206 billion and $213 billion, aligning with market expectations [12][13] - Atlassian projected fiscal second-quarter revenue to exceed street estimates, with cloud revenue expected to rise 23% year-over-year [23] - Twilio expects fiscal year adjusted operating income of $900 million to $910 million, above the street estimate of $867.9 million [28]

Financial Data and Key Metrics Changes - The company generated approximately $300 million in earnings for shareholders, achieving an 18% return on equity (ROE) [4] - GAAP net income was reported at $193.7 million, or $0.35 per diluted share, with an 11% ROE [14] - Earnings available for distribution (EAD) was $297 million, or $0.54 per diluted share, marking the 24th consecutive quarter where EAD exceeded dividends paid [14] - The book value at the end of the quarter was $12.83, totaling $7.1 billion [14] - Cash and liquidity on the balance sheet stood at $2.2 billion [14] Business Line Data and Key Metrics Changes - Genesis Capital originated $1.2 billion in loans during the quarter, a 60% increase year over year [16] - The mortgage company, Newrez, reported a pre-tax income of approximately $295 million, up 7% quarter over quarter and 20% year over year, with a 20% ROE [33] - Direct origination production for Newrez increased by 32% year over year [34] - The servicing business generated $260 million in pre-tax income, an 11% increase year over year [36] Market Data and Key Metrics Changes - The company ended the quarter with a balance sheet of $47 billion, with Sculptor managing $37 billion in assets under management (AUM), Crestline with $18 billion, and Paramount with a $7 billion portfolio [10] - The demand for office space in New York is over 90% leased, while San Francisco is in the low 70% range, indicating a recovery in demand [8][28] Company Strategy and Development Direction - The company announced two acquisitions: Crestline, a credit manager, and Paramount, a Class A office REIT, to expand its product offerings without raising equity in capital markets [5][7] - The focus remains on performance rather than assets under management (AUM), aiming to provide fewer managers with more products to limited partners (LPs) [6] - The company is exploring opportunities in the energy space and plans to close its first Evergreen ABF fund on a leading wealth management platform [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position, highlighting strong earnings and the potential for growth through acquisitions and product offerings [10][90] - The company aims to drive more fee-related earnings (FRE) to enhance its valuation and is focused on growing its asset management business [42][44] - Management acknowledged the competitive landscape but emphasized their disciplined approach to underwriting and servicing, which differentiates them from peers [66] Other Important Information - The company is now involved in the insurance and reinsurance business, which it intends to grow over time [25] - The average rent for the Paramount portfolio is approximately $85 per foot, with significant potential for rent increases [8] Q&A Session Summary Question: Update on broader strategic vision and timelines - Management believes the company is fundamentally attractive from a value standpoint and is focused on growing asset management business to drive revaluation [41][42] Question: Update on third-party capital for Paramount transaction - The company expects to raise approximately $950 million to $1 billion from third parties, with $300 million to $500 million from Rithm [45][46] Question: Options for growing Rithm Capital - Management is exploring direct lending options and may consider share buybacks if growth does not materialize [55][56] Question: Discussion on Ginnie Mae streamlined refinances - These loans are cheaper to produce, impacting the gain on sale margin [51][54] Question: Share buybacks as a tool for valuation - Management indicated that the focus will be on continued growth rather than share buybacks, especially given the recent acquisitions [80] Question: Fundraising outlook for Sculptor - Management is optimistic about sustaining the fundraising pace into 2026, with significant investments planned in capital formation [82][84]

Group 1 - The article does not provide any specific content related to a company or industry [1]

Key Points Buffett has long preached that investors should watch the company and ignore the noise. Investment gains and losses mean little in understanding Berkshire Hathaway's stock. 10 stocks we like better than Berkshire Hathaway › This will be a landmark year for Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B). The company's 95-year-old chief executive officer, Warren Buffett, will retire at the end of the year, concluding a 60-year run. Buffett led Berkshire Hathaway to astounding riches in his ...