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Heartbreaking reason Gann Fire victim refused to flee deadly flames revealed by neighbors

NY Post
4 hours 49 minutes ago
The woman found dead in Calaveras County after the Gann Fire ripped through her home stayed through evacuation orders because she couldn't evacuate her dogs.
Ross O'Keefe

Where Antonio Banderas and Melanie Griffith stand more than a decade after divorce

NY Post
4 hours 52 minutes ago
The former couple were married for nearly 20 years before going their separate ways.
mliss1578

Where Antonio Banderas and Melanie Griffith stand more than a decade after divorce

NY Post
4 hours 52 minutes ago
The former couple were married for nearly 20 years before going their separate ways.
Jolie Zenna

Sweetgreen falls 10% as latest victim of cyclospora fears, removes jalapeños over second outbreak

NY Post
4 hours 55 minutes ago
For the second quarter ending June 28, Sweetgreen’s same-store sales fell 6.2% – its sixth straight decline.
Taylor Herzlich

Meet The Investors In SpaceX Who Say Their Shares "Disappeared"

Zero Rss
4 hours 55 minutes ago
Meet The Investors In SpaceX Who Say Their Shares "Disappeared"

Some investors who thought they had secured one of Wall Street's hottest trades, owning SpaceX before its blockbuster IPO, say the shares they expected to cash in on simply disappeared, according to the Wall Street Journal.

The controversy centers on special purpose vehicles (SPVs), investment funds that promise accredited investors exposure to private companies before they go public. After SpaceX's June IPO, several investors who bought into SPVs managed by Late Stage Management say they were stunned to learn the underlying SpaceX shares had allegedly been sold years earlier, leaving them without the windfall they believed they still owned.

The Journal writes that one of those investors, Virginia data engineer Ram Rupireddy, invested $17,250 in a Late Stage fund in 2020 after being told it offered exposure to SpaceX. Based on statements in his investor portal and 2025 tax documents, he believed he still owned the equivalent of 2,500 SpaceX shares when the company debuted publicly. At the IPO price, he estimated the position would have been worth more than $300,000. Instead, the firm later informed him the underlying shares had been sold in 2024, leaving him with roughly $45,450.

"The plan was to fund college education for both of my kids," Rupireddy said after filing a complaint with the Securities and Exchange Commission. He says he never received notice that his investment had been sold, and only discovered the change after temporarily losing access to Late Stage's investor portal, which later showed the position had been liquidated.

Another investor, who asked not to be identified, told The Wall Street Journal he experienced the same surprise. He said he believed he still owned pre IPO SpaceX exposure until after the company's public debut, when he was informed the underlying shares had already been sold years earlier. Like Rupireddy, he has since joined other investors seeking legal remedies, and told the newspaper an SEC attorney and an FBI special agent contacted him to discuss his experience.

According to The Wall Street Journal, at least four investors reported similar experiences, while roughly 150 Late Stage investors have joined a group chat to discuss potential legal action. One investor told the newspaper that an SEC attorney and an FBI agent contacted him about his experience. The SEC declined to comment on whether it is investigating the matter, and the FBI also declined comment.

Late Stage Management did not respond to repeated requests for comment. The firm is already facing separate legal scrutiny after three former sales executives pleaded guilty earlier this year to fraud charges involving hidden markups and fees, though prosecutors said those cases were unrelated to the disputed SpaceX shares.

The episode is also drawing fresh attention to the risks of SPVs, which often provide indirect "exposure" to private companies through multiple layers of investment vehicles rather than direct ownership of shares. As Davis Polk partner Jared Fine told the Journal, "Ultimately if you're investing, you want to make sure you own what you think you own."

Tyler Durden Fri, 08/07/2026 - 12:20
Tyler Durden

Surgical team clings to patient while earthquake rocks Japan

NY Post
4 hours 57 minutes ago
In chilling video captured by hospital cameras, surgeons rush to patient’s side while operating. The room becomes shambles, but the medical staff appear to remain calm and prepared. The team refuses to leave the patient’s side, highlighting their preparedness for earthquake scenarios.
New York Post Video

Hackers use simple phone trick to hold Wall Street giants hostage in ransom plot: report

NY Post
5 hours ago
Cybercriminals are targeting major Wall Street firms like Blackstone and KKR, using simple IT help desk phone scams to steal passwords and demand massive ransoms.
James Franey

Why Betnijah Laney-Hamilton will be cherished in Liberty lore — and why abrupt exit happened now

NY Post
5 hours ago
Betnijah Laney-Hamilton didn't get the standing ovation she deserved.
Madeline Kenney

Rockstar Founder Builds $300M Celsius Stake, Launches Activist Offense: Management "All Need To Be Fired"

Zero Rss
5 hours ago
Rockstar Founder Builds $300M Celsius Stake, Launches Activist Offense: Management "All Need To Be Fired"

Summary:

  • CELH shares Jump on CNBC Headline 
  • Rockstar Founder Amasses 5.7% CELH stake, Tells CNBC He Wants To Be CEO
  • Thursday: Celsius Shares Crash As Revenue Misses Estimates
Rockstar Founder Begins Activist Move 

One day after Celsius Holdings crashed 18% following a dismal second-quarter earnings report, Rockstar Energy founder Russ Savage told CNBC that he has amassed a 4.7% stake, equivalent to more than 12 million shares, and wants to gut incompetent management and install himself as CEO in a bid to turn around the struggling beverage company.

Here's more from CNBC:

Savage's stake amounts to roughly 4.7% of the company and would be worth about $300 million at current stock levels.

While Savage has been quietly advising Celsius to change its cost structure and marketing strategy for over a year, he now says new leadership is needed.

"The CEO, the COO, the brand manager and the marketing manager all need to be fired," Savage told CNBC.

. . .

Savage, who was born Russell Weiner and started Rockstar with a $50,000 mortgage against his California condo, said he offered advice to Celsius over a year ago, but was largely ignored. He said Celsius has too many layers of management, with too many costs, and no real accountability.

"They need one person making the decisions, paying attention to every detail, not a group of people in a firing squad," he said.

. . .

"Once you lose shelf space, you're dead," he said. "The chains will give it to Red Bull or Monster."

Savage said he's offering to take over as CEO before the problems become too deep to fix. When building Rockstar, he said he managed every detail -- from sales and marketing to sponsorships, packaging, distribution and innovation. He said the same type of cost-conscious, driven leader is needed at Celsius.

"I'm publicly volunteering to do it," he said. "The CEO has lost credibility with the investment community."

The CNBC headline catapulted the stock 12% higher by late morning in New York. Shares have yet to recover all of yesterday's losses following the dismal earnings report. More details can be viewed below.

Latest short data from Bloomberg shows about 20% of the float is short. 

Squeeze candidate? 

Celsius Shares Crash As Revenue Misses Estimates 

Celsius Holdings, the Florida-based beverage company with a portfolio of some of America's top-performing energy drinks, reported weaker-than-expected second-quarter results, as revenue, adjusted earnings, and profitability missed Wall Street estimates.

Second-quarter adjusted earnings fell to 36 cents per share from 47 cents a year earlier, below the 41-cent Bloomberg Consensus estimate. Revenue increased 11% to $817.9 million but missed the $872.6 million estimate, with North American sales of $790.7 million also falling short.

Profitability deteriorated despite sales growth. Gross margin narrowed to 48.1% from 51.5% as promotional activity, channel mix, and aluminum inflation weighed on results. Net income fell 45% to $55.3 million, while adjusted earnings declined to 36 cents per share from 47 cents. Adjusted EBITDA dropped 12% to $184.2 million.

2Q Earnings Snapshot:

Adjusted EPS 36c vs. 47c y/y, estimate 41c (Bloomberg Consensus)

EPS 14c vs. 33c y/y, estimate 40c

Revenue $817.9 million, +11% y/y, estimate $872.6 million

  • North America revenue $790.7 million, +11% y/y, estimate $847.3 million
  • International revenue $27.2 million, +9.7% y/y

Gross margin 48.1% vs. 51.5% y/y, estimate 48.6%

Adjusted Ebitda $184.2 million, -12% y/y, estimate $198.4 million

Celsius shares plunged 16% in premarket trading. 

"During the second quarter of 2026, we made meaningful progress in advancing Celsius Holdings as a scaled portfolio of leading brands. We delivered a double-digit increase in second-quarter revenue, completed the Rockstar integration, and maintained gross margin near first-quarter levels despite a challenging commodity environment," CEO John Fieldly wrote in a press release.

Celsius Holdings' portfolio, which includes CELSIUS, Alani Nu, and the U.S. and Canadian Rockstar Energy business, accounts for about 20% of U.S. ready-to-drink energy sales. PepsiCo serves as the company's primary distribution partner.

Notably, the national average price for regular 87-octane gasoline remained mostly above $4 per gallon in the quarter, a key threshold at which consumer behavior begins to shift through trade-downs and reduced discretionary purchases. Goldman Sachs analyst Bonnie Herzog previously flagged a slowdown in energy-drink demand beginning in mid-May. Read the full note here.

Tyler Durden Fri, 08/07/2026 - 12:15
Tyler Durden

Cleaner stunned to find 35-year-old Mars bar in hoarder’s home proving shrinkflation is real 

NY Post
5 hours ago
It's an ancient Mars-ian artifact.
Ben Cost

Believe it: Le Labo is on sale at Nordstrom for nearly $60 off

NY Post
5 hours 6 minutes ago
It of course includes Santal 33, which has been linked to everyone from Justin Bieber to Alexa Chung.
mliss1578

Believe it: Le Labo is on sale at Nordstrom for nearly $60 off

NY Post
5 hours 6 minutes ago
It of course includes Santal 33, which has been linked to everyone from Justin Bieber to Alexa Chung.
Hannah Southwick

TikTok influencer Sydney Towle, 26, dies after 3-year battle with rare cancer: ‘She fought really hard’

NY Post
5 hours 8 minutes ago
Towle was diagnosed with cholangiocarcinoma — an aggressive form of bile duct cancer — in early 2022 when she was just 23 years old.
News.com.au

Freddie Freeman’s wife Chelsea reveals scary emergency room visit

NY Post
5 hours 10 minutes ago
Freddie Freeman's wife spent part of this week in a hospital room after suffering a medical issue.
Edward Lewis

Your pool debris problem just got easier with Beatbot cleaners up to 36% off

NY Post
5 hours 11 minutes ago
Outsource your pool cleaning.
Nishka Dhawan

Julia Roberts has a ‘Pretty Woman’ moment in polka dots at niece Emma Roberts’ wedding

NY Post
5 hours 11 minutes ago
She’s channeling the iconic polo match scene from the famous 1990 film.
mliss1578

Julia Roberts has a ‘Pretty Woman’ moment in polka dots at niece Emma Roberts’ wedding

NY Post
5 hours 11 minutes ago
She’s channeling the iconic polo match scene from the famous 1990 film.
Avery Matera

Giants legend Buster Posey sends warning shot at KNBR after hot mic incident

NY Post
5 hours 13 minutes ago
Posey didn’t mince words during his interview with KNBR on Thursday. Three weeks ago, a KNBR producer unknowingly shared his honest feelings on Buster Posey during a live segment of the morning show “Murph & Markus.” Buster Posey fired back at a KNBR Producer who said the Giants executive “sucks” on air. “Posey sucks, man,”...
Valentina Martinez

US Senate Pushes CLARITY Act Vote To September

Zero Rss
5 hours 15 minutes ago
US Senate Pushes CLARITY Act Vote To September

Authored by Ezra Reguerra via CoinTelegraph.com,

Senate Republican leaders are expected to leave for their August recess without voting on crypto market structure legislation, delaying consideration of the bill until at least September, according to a report from Politico. 

Senate Majority Leader John Thune confirmed that the chamber would not vote on the legislation before the recess, citing Democratic opposition and saying it would be prioritized when senators return next month. 

“The Dems are insistent on no Clarity vote,” Thune said, according to comments his office provided to Cointelegraph. “I worked with sponsors of the bill. Senator Lummis was great, and we’re getting that queued up first thing when we come back.”

The postponement leaves one of the crypto industry’s top legislative priorities unresolved and compresses the Senate’s timetable for advancing the bill. Without sufficient Democratic support, Republicans may struggle to secure the 60 votes generally needed to overcome a filibuster.

Crypto Council for Innovation CEO Ji Hun Kim called the postponement “disappointing” but said the direction of the legislation had not changed.

“Every day without such a framework pushes American users and builders offshore and leaves consumers at risk,” Kim said in comments provided to Cointelegraph.

September delay narrows path for CLARITY Act

Thune’s remarks come after comments from Senate Banking Committee Chair Tim Scott, who said on Thursday the chamber should hold its first vote on the CLARITY Act before the recess “without any question.” 

Scott said Thune still had time to schedule the procedural vote and that Republicans were gaining support for it. 

The CLARITY Act would establish a federal framework for digital asset markets and clarify how oversight is divided between the US Securities and Exchange Commission and the Commodity Futures Trading Commission.

Citing three people with knowledge of the matter, Politico reported that the CLARITY Act lacks Democratic support. Negotiations remained underway.

Thune may still file cloture before the recess. This procedural step could position the bill for a vote when senators return in mid-September, but it would not constitute a vote on the legislation, according to two people cited by Politico.

Cointelegraph also asked Thune’s office to confirm whether he intended to file cloture before the Senate leaves for recess, but has not received a response to the question by time of publication. 

The sources said Democrats have declined to approve a time agreement that would expedite the Senate’s remaining pre-recess business and allow the crypto bill to reach the floor. 

According to the report, Republican leaders would need unanimous consent from all 100 senators to complete the outstanding items without extending the session deep into next week.

Tyler Durden Fri, 08/07/2026 - 12:00
Tyler Durden

Hilary Duff takes subtle ‘headlining’ dig at NHL ex Mike Comrie during MSG show

NY Post
5 hours 22 minutes ago
Hilary Duff took the stage at Madison Square Garden Wednesday night in front of thousands of adoring fans. While on stage, she reflected on her prior time spent at The World’s Most Famous for different reasons. “I went to a lot of hockey games here, but now, I’m headlining MSG, baby,” Duff commented to cheers,...
Grace McCarron

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News feeds

  • Consumer Credit Jumps More Than Expected In June As Credit Card Debt Spikes
  • Senate Passes The Lindsey O. Graham Sanctioning Russia & Iran Act Of 2026
  • Uncertainty Rules!
  • Trump Threatens To Jail Arms Shortage 'Leakers'
  • Saudi Arabia's $5 Oil Detour Is Expensive... But Worth It
  • 5th Small Modular Reactor Validated Since June, Poised For Mass Production
  • Exit Narrative Grows: Bessent Says New Deal & Ceasefire Will Open Hormuz 'Today Or Tomorrow'
  • Meet The Investors In SpaceX Who Say Their Shares "Disappeared"
  • Rockstar Founder Builds $300M Celsius Stake, Launches Activist Offense: Management "All Need To Be Fired"
  • US Senate Pushes CLARITY Act Vote To September
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