Category Archives: business

Gorman-Rupp raises dividend by ~3%

**Gorman-Rupp Raises Dividend by Approximately 3%**

*October 24, 2025 – 7:12 AM ET*

The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly dividend of $0.19 per share, marking a 2.7% increase from the prior dividend of $0.185.

This dividend increase translates to a forward yield of approximately 1.55%. The dividend will be payable on December 10, 2025, to shareholders of record as of November 14, 2025. The ex-dividend date is also November 14, 2025.

Investors interested in tracking Gorman-Rupp’s dividend history and growth can refer to the GRC Dividend Scorecard, Yield Chart, and Dividend Growth analysis.

**Market Snapshot and Related Information**

– **Stock Symbol:** GRC
– **Market Cap:** [Insert latest data]
– **Price-to-Earnings (PE) Ratio:** [Insert latest data]
– **Dividend Yield:** 1.55%
– **Revenue Growth (YoY):** [Insert latest data]
– **Short Interest:** [Insert latest data]

For more trending news and detailed analysis about Gorman-Rupp and related stocks, stay tuned to the latest market updates.

*Recommended For You: More Trending News About GRC*
https://seekingalpha.com/news/4508150-gorman-rupp-raises-dividend-by-3?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news

Ferrari’s Crowd-Pleasing Refit Is Pushing All the Right Buttons

For some wealthy Ferrari NV customers, the biggest thrill of 2025 wasn’t the launch of flashy new technology or a groundbreaking supercar model.

Instead, it was the prancing horse’s return to using simple mechanical buttons to control aspects of the vehicle.

This nostalgic design choice highlights Ferrari’s commitment to blending classic driving experiences with modern engineering, appealing to enthusiasts who appreciate tactile feedback and timeless craftsmanship.
https://www.bloomberg.com/opinion/articles/2025-10-24/ferrari-s-crowd-pleasing-retro-refit-is-pushing-all-the-right-buttons

President Trump Pardons Binance Founder Changpeng Zhao After He Helped Promote WLF

**President Donald J. Trump Pardons Binance Founder Changpeng “CZ” Zhao Amid Cryptocurrency Scrutiny**

President Donald J. Trump has issued a pardon for Changpeng “CZ” Zhao, the embattled founder of Binance, following intense scrutiny Zhao faced under the Biden administration. This move reflects Trump’s intent to shift the current American government’s stance on cryptocurrency, contrasting with the Biden administration’s previously stringent approach.

According to a statement by White House Press Secretary Karoline Leavitt to the Wall Street Journal, “President Trump exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency.”

### Zhao’s Conviction and Allegations

Zhao was previously convicted for offenses related to facilitating money laundering on the Binance platform. The allegations included enabling multiple transactions totaling up to $900 million between the United States and Iran. These charges form the backbone of the legal actions taken against him during the Biden administration.

### Zhao’s Involvement with the Trump Family’s World Liberty Financial (WLF)

The Wall Street Journal reports that President Trump’s decision to pardon Zhao came after months of Zhao publicly promoting the Trump family’s cryptocurrency venture, World Liberty Financial (WLF). Notably, WLF reportedly benefited from a covert partnership with a trading platform operated by Binance. This platform has generated approximately $4.5 billion since the 2024 U.S. elections.

### Impact of the Pardon on Ongoing Investigations

Following the pardon, The Verge reported that the U.S. Department of Justice’s investigation into Binance has effectively come to an end. This development could potentially clear the path for Zhao and Binance to resume their business operations within the United States.

### Binance and Zhao Under Biden Administration Scrutiny

The Biden administration had been rigorously investigating Binance and Changpeng Zhao, especially in the wake of the landmark prosecution of former FTX CEO Sam Bankman-Fried. In late 2023, after charges were filed against Binance and Zhao, the executive pleaded guilty. Binance then began negotiating a plea deal settlement amounting to $4.3 billion.

The scrutiny centered on allegations from the U.S. Securities and Exchange Commission (SEC) that Binance and Zhao violated multiple federal regulations by failing to secure proper licenses and effectively handling securities related to their operations.

### Sentencing and Plea Deal Details

Despite the seriousness of the charges, Zhao received a relatively lenient sentence of four months in prison, short of the recommended 12 to 18 months. As part of his plea deal, Zhao agreed to pay a $50 million fine to the Justice Department and consented to permanently step down from any executive role at Binance.

This presidential pardon marks a significant turning point in the relationship between regulatory authorities and the cryptocurrency industry, potentially influencing the future regulatory landscape of digital assets in the United States.
https://www.techtimes.com/articles/312347/20251023/president-trump-pardons-binance-founder-changpeng-zhao-after-he-helped-promote-wlf.htm

Xbox boss Phil Spencer says ‘nurturing and protecting creative teams that want to go take risks’ is the priority, admits ‘we don’t always succeed at that’

Speaking alongside Double Fine founder Tim Schafer at the Paley International Council Summit on Thursday, Microsoft Gaming CEO Phil Spencer emphasized the value of creative risk-taking to a small crowd of film, TV, and online media bigwigs.

“The creativity of the teams is, in my mind, the most important thing and the thing that we need to protect and foster,” Spencer said during the moderated discussion.

According to Schafer, whose acclaimed adventure game studio was acquired by Microsoft in 2019, Spencer and the software giant have been true to their word, at least in his experience.

“When we talked about becoming acquired, it was a big thing for me, like, ‘How do we keep our culture intact?'” Schafer explained. “And everyone was like, ‘No, we really want you to stay who you are.’ And that’s been true all these years. You know, creatively, we can be like, ‘Hey, we want to make this game about a walking lighthouse,’ and they’re like, ‘Cool. Sounds cool.'”

The walking lighthouse game in question is the recently released *Keeper*, which has been well received — we just awarded it a 90% in our review.

Schafer said that Microsoft’s acquisition freed Double Fine from the burden of constantly “shaking the bushes for money,” providing the stability to ask, “What would we do if we weren’t constantly afraid?”

He also emphasized the importance of individuals, sharing that he learned from his time at LucasArts to “make bets on people” rather than ideas. This approach nurtures and develops leaders who are later trusted to run their own projects.

However, hanging over these reflections on the value of creative risk-taking and individuals are the expansive layoffs Microsoft has executed across its gaming division in recent years. These followed a period of rapid expansion that, besides Double Fine, included major acquisitions like Bethesda and Activision Blizzard.

Spencer did admit that Microsoft has not always succeeded at protecting its creative risk takers, though his comments came in the context of internet criticism.

“I think it’s the most brave thing a team can do, whether you’re making a movie or a television show, to go and put something out for the internet to evaluate, judge and comment on,” he said. “Sometimes I scratch my head on why anybody wants to go do that, because the internet’s not always a nice place for the discourse around things that have been created. But nurturing and protecting creative teams that want to go take risks — we don’t always succeed at that, but I think it is kind of the root of any media industry, the creative nugget.”

In Double Fine’s case, the partnership with Microsoft seems to have been positive, freeing the studio from the chase for publisher and crowdfunding support.

Obsidian, which Microsoft acquired in 2018, also appears to be thriving with three notable releases this year: *Avowed*, *Grounded 2*, and *The Outer Worlds 2*, which we recently reviewed positively.

At an industry event earlier this year, Obsidian presented a remarkably sober plan for longevity, aiming to maintain low employee turnover and focus on moderate successes rather than chasing ever-larger profits.

Meanwhile, however, reports suggest Microsoft’s gaming division as a whole has been asked to achieve unreasonably high profit margins in recent years. This pressure may explain why the company has laid off thousands of workers, cancelled major projects—including a Blizzard survival game and a Zenimax MMO—and shuttered multiple studios. These actions do not exactly paint a picture of creative risk takers happily and securely doing their work.

“With every subsequent round of mass layoffs, I’ve witnessed the dread in my coworkers grow stronger because it feels like no amount of hard work is enough to protect us,” Diablo 4 producer Kelly Yeo said after the team voted to unionize in August. It is a common sentiment throughout the industry.
https://www.pcgamer.com/gaming-industry/xbox-boss-phil-spencer-says-nurturing-and-protecting-creative-teams-that-want-to-go-take-risks-is-the-priority-admits-we-dont-always-succeed-at-that/

Deckers outlines $5.35B revenue target and focuses on HOKA, UGG growth amid tariff pressures

**Deckers Outlines $5.35B Revenue Target, Focuses on HOKA and UGG Growth Amid Tariff Pressures**

*October 23, 2025 | 9:08 PM ET*

Deckers Outdoor Corporation has announced a revenue target of $5.35 billion, emphasizing growth in its key brands HOKA and UGG. Despite ongoing tariff pressures affecting the industry, the company remains focused on expanding these flagship product lines.

**Short Interest and Market Performance**

Deckers Outdoor Corporation (Ticker: DECK) has shown notable activity in the market, with recent trends indicating shifts in short interest. Investors are keeping a close eye on the company’s strategic moves as it navigates current economic challenges.

Stay tuned for further updates and in-depth analysis on Deckers and related stocks.
https://seekingalpha.com/news/4508035-deckers-outlines-5_35b-revenue-target-and-focuses-on-hoka-ugg-growth-amid-tariff-pressures?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news

NYC sidewalk shed that earned ‘worst’ award taken down after nearly 20 years – and locals are throwing a ‘party’

The owner of an Upper West Side apartment building finally removed its longtime sidewalk shed Monday after nearly two decades, and neighbors are shedding no tears.

The infamous green blight at 51 West 86th St. was even awarded the title of the Worst Sidewalk Shed on the West Side at Senator Brad Hoylman-Sigal and Assemblymember Micah Lasher’s inaugural “Sheddie Awards” this spring.

“It’s been up for a very long time, so the building’s very excited,” resident Omet Hit told The Post. The 31-year-old tech worker added, “There’s so much of it,” referring to the scaffolding that covers much of the Upper West Side. “Then it’s like a whole new world when it’s finally gone.”

“Now it’s so exciting. It’s so beautiful, it’s so open,” Hit said. “It’s like a new breath of fresh air. We had champagne already… but I think there’s going to be a party.”

“We’re organizing a big party,” confirmed another building resident who declined to share her name. “It’s a disease in this city—scaffolding—and there’s more of it there [across the street]; ours was up the longest.”

An 11-year resident of the building added, “I was actually gone for the Jewish holidays for a full month, and I had to come around again because I just didn’t recognize the building. It’s great. I think everybody’s going to be happier, and it’s nice and clean.”

The scaffolding and netting that had covered the area since 2020 came down four months ago, the West Side Rag first reported. The building’s notorious shed was erected in 2006. It is owned by Weinreb Management, which did not return a request for comment on Thursday.

In 2022, Weinreb Management was sued by the city for hundreds of building violations, including fire safety issues and “failing to correct hazardous facade defects,” following a tragic fire at another Weinreb-owned building in the Bronx that killed 17 residents.

According to the lawsuit, “Defendants have displayed a pattern of failing to correct hazardous façade defects at their buildings: rather than taking corrective action, Defendants have allowed their buildings to deteriorate to the point where they pose an imminent threat to the health and safety of the tenants and the public.”

The 51 West 86th St. building was issued two violations cited in the 2022 lawsuit, including faulty sprinklers and alarm systems, as well as missing fire extinguishers.

This litigation was part of the city’s Long Standing Sheds program, which sought to compel owner Jacob Weinreb “to make needed repairs across 11 of their buildings, several of which had long-standing sidewalk sheds,” a Department of Buildings (DOB) representative told The Post.

Weinreb Management has been “making progress on these repairs and have already resolved hundreds of open violations across their portfolio of buildings,” the DOB confirmed, including the façade repairs finally made to 51 West 86th St.

“Through an affirmative litigation case brought by our partners at the Law Department, we were able to compel the owners of this property to finally make needed façade repairs and return the valuable sidewalk space in front of the building back to the public,” said Buildings Commissioner Jimmy Oddo.

Longtime resident Ellen expressed mixed emotions: “Everybody’s so happy, and everybody is so mad that it took this long. I’m very grateful that the city sued because that’s what really got things going… and after that, I think Weinreb Management company had no choice but to respond, obviously, and they did. I hope it’s a model.”

The oldest current sidewalk sheds in New York City date back to 2010 and can be found at a pair of apartment buildings in Yorkville and the East Village, according to a Post analysis of Buildings records. They are part of 10 buildings across the city that still have scaffolding at least a decade old.

“It’s [scaffolding] clearly out of hand,” added the unnamed 11-year resident of 51 West 86th St. “The city’s beautiful, and I hope we can see more of it.”
https://nypost.com/2025/10/23/us-news/nyc-sidewalk-shed-that-earned-worst-award-taken-down-after-nearly-20-years-and-locals-are-throwing-a-party/

CZ Reveals Real Reason Tokenized Gold Has Not Taken Off

**Changpeng Zhao (CZ) Responds to Peter Schiff’s Tokenized Gold Plans**

Changpeng Zhao (CZ), founder and former CEO of Binance, has recently commented on Peter Schiff’s announcement regarding a tokenized gold product. Schiff, a well-known gold proponent, is making a notable pivot by embracing blockchain technology to tokenize gold, aiming to make it more accessible and transferable. However, CZ remains skeptical about the idea.

### CZ Critiques the Tokenized Gold Concept

For years, Peter Schiff has dismissed Bitcoin (BTC), even recently forecasting an imminent crash in its price. Now, with his plans to create a tokenized gold product, he appears to be adopting blockchain technology—albeit for gold rather than cryptocurrencies.

CZ’s response, however, was a pointed critique of what he sees as a mismatch between hype and reality. He clarified that his criticism was not aimed at gold itself, but at the tokenization model. According to CZ, tokenized gold often amounts to little more than a digital claim on physical gold held by a central custodian. In other words, individuals do not truly hold gold “on-chain.” Instead, it resembles a bank promise to return deposits.

The risk lies in trusting the issuer: if they go bankrupt, get hacked, or change ownership, the guarantees tied to these tokens could fail. While physical gold endures through time, CZ pointed out, such promises may not. He questioned whether a third party could reliably deliver on their commitments years down the line, especially amid wars and economic disruptions.

Describing the proposed product as a “trust me bro” token, CZ suggested this inherent trust risk explains why no tokenized gold project has truly taken off. This touches on a broader debate about blockchain’s promise. Schiff’s approach offers convenience with a gold twist, but CZ reminds the community that true innovation in blockchain lies in removing the need to outsource trust.

### Peter Schiff Faces Additional Criticism Following Gold’s Price Drop

Meanwhile, Peter Schiff has come under more fire within the cryptocurrency ecosystem after gold prices plunged to record lows on Wednesday, October 22, 2025.

A report by U.Today highlighted commentary from veteran crypto trader Peter Brandt, who took a playful jab at Schiff. Brandt shared a historical chart illustrating that gold investors have endured a difficult journey, often facing deep and long-lasting consolidations over the years. Despite this, gold has averaged a modest annual return of 3.6% over the past 45 years.

Interestingly, Schiff had predicted earlier this month that gold could soar to $6,000 by Christmas, outperforming both Bitcoin and the S&P 500. Contradicting this forecast, gold’s price dipped below $4,100 on Wednesday, fueling recent skepticism and criticism.

On the other hand, Bitcoin continues to experience volatility but is showing signs of recovery. Over the past 24 hours, BTC’s price marginally increased by 1.17%, reaching $109,629.

As Schiff ventures deeper into blockchain-based gold products, the debate on trust, innovation, and the future of tokenized assets is sure to intensify. Meanwhile, market movements keep testing the forecasts of both gold and cryptocurrencies alike.
https://u.today/cz-reveals-real-reason-tokenized-gold-has-not-taken-off

‘The Epstein Ballroom’ Is Getting Funded By Tech Bribes

Turns out, it’s not just “patriot donors” funding the new White House ballroom — tech giant Alphabet, the parent company of Google and YouTube, is chipping in, too. CNBC reports that the company is contributing $22 million to the $250 million project, with the money routed through a legal settlement reached last month over Trump’s YouTube ban following the January 6, 2021, Capitol riot.

The Google-owned platform froze Trump’s account in the riot’s aftermath, warning his posts could spark further violence. Trump later sued, claiming censorship and wrongful suspension. Under the Oakland, California, federal court settlement, nearly 10% of the ballroom’s estimated construction costs will now come from Alphabet.

CNBC reports the money will be donated on Trump’s behalf “to the Trust for the National Mall, a 501(c)(3) tax-exempt entity dedicated to restoring, preserving, and elevating the National Mall, to support the construction of the White House State Ballroom.”

Images of cranes tearing into the East Wing to make way for the 90,000-square-foot ballroom sparked public backlash this week and raised fresh questions about who is footing the bill. Trump has repeatedly insisted the project is privately funded and will cost taxpayers nothing.

“For more than 150 years, every President has dreamt about having a Ballroom at the White House to accommodate people for grand parties, State Visits, etc. I am honored to be the first President to finally get this much-needed project underway—with zero cost to the American Taxpayer!” Trump wrote on Monday on Truth Social.

Trump has pledged some of his own money to the project, and other donors include Lockheed Martin, reportedly contributing more than $10 million. Tech companies are also pitching in: Beyond the settlement contribution, Google is committing at least $5 million. Comcast—parent company of CNBC—is also listed as a donor, though the amount is unknown. The company will spin off CNBC later this year under a new parent, Versant.

The project has drawn scrutiny from Treasury Department employees, whose offices overlook the demolition site. The department has barred staff from sharing images of the work, citing security concerns, though critics argue transparency is vital for public oversight.

The East Wing’s demolition, including the removal of historic elements like trees and architectural details, has fueled complaints that the project is far more than a simple upgrade—it represents a substantial transformation of one of the nation’s most symbolic spaces.

Preservationists are weighing in as well. On Tuesday, the National Trust for Historic Preservation sent a letter urging a pause on demolition until proper public review processes are completed. Carol Quillen, National Trust’s president and CEO, stressed that while a larger meeting space may be useful, the scale and height of the proposed ballroom could “overwhelm the White House itself” and disrupt its classical design.

She called for consultations with the relevant review agencies and public input to ensure the project respects the historic significance of the building and its grounds.

“The National Trust stands ready to assist the White House, the National Park Service, and relevant review agencies in exploring design alternatives and modifications that would accomplish the objectives of the Administration while preserving the historic integrity and symbolism of the People’s House,” Quillen added.

Trump has insisted the ballroom “won’t interfere with the current building.”

“It’ll be near it but not touching it, and pays total respect to the existing building, which I’m the biggest fan of,” he said in July. But that doesn’t appear to be the case anymore.

The New York Times reported Wednesday that the White House has decided it would be “cheaper and more structurally sound to demolish the East Wing” rather than build an addition. The full demolition is expected to be finished by this weekend.

The White House has also dismissed criticism, comparing the project to minor modifications under former President Barack Obama, such as adding basketball lines and baskets to the tennis courts. But those changes were far less disruptive than dismantling the East Wing.

With Alphabet, Lockheed Martin, and other major donors helping foot the bill, Trump is moving full steam ahead on a ballroom he says will be “happily used for generations to come,” promising a mix of private financing and personal investment.

The project underscores Trump’s ongoing fascination with leaving a permanent mark on the White House, turning construction into both a legacy project and a showcase for corporate support.
https://crooksandliars.com/2025/10/what-trump-calls-donors-are-actually

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Critics of $1 trillion payday for Elon Musk are ‘corporate terrorists,’ Tesla CEO says

**Who Wants to Be a Trillionaire? Elon Musk Does**

Elon Musk is aiming for a staggering $1 trillion pay package, and he doesn’t hold back against those opposing his quest. During the latest Tesla earnings call, Musk interrupted the proceedings to push for approval of his 10-figure salary plan, characterizing the advice from advisory firms opposing the move as “asinine.”

The proposed mammoth pay package would significantly increase Musk’s stake in Tesla—from 13% to as much as 29%—if he hits several ambitious performance benchmarks. Musk emphasized the need for enough voting control to maintain strong influence over the company, but not so much that he couldn’t be removed if necessary. “There needs to be enough voting control to give a strong influence, but not so much that I can’t be fired if I go insane,” Musk said near the end of the hour-long call on Wednesday, even cutting off his chief financial officer to make his point, according to a Bloomberg report.

He didn’t mince words when describing proxy advisers Institutional Shareholder Services (ISS) and Glass Lewis, who have urged shareholders to reject the $1 trillion pay package, labeling them “corporate terrorists.” Musk added, “I just don’t feel comfortable building a robot army here, and then being ousted because of some asinine recommendations from ISS and Glass Lewis, who have no freaking clue.”

ISS expressed “unmitigated concerns” about potential future adjustments to the pay levels, while Glass Lewis highlighted worries that the plan could dilute the stakes of other shareholders in the company.

As the world’s richest person, with a net worth of $487.5 billion according to Forbes, Musk has argued that the most critical component of the plan is his gain in voting control. After Musk finished, Tesla CFO Vaibhav Taneja praised the special board committee for their “amazing job” in crafting the plan. “There’s nothing which gets passed on until the time shareholders make substantial returns,” Taneja noted.

**Tesla’s Disappointing Earnings and Lofty Milestones**

Musk’s fiery comments capped a tense end to a disappointing earnings call, where Tesla missed profit estimates despite delivering record sales. The proposed 10-year compensation plan ties Musk’s payout to several ambitious milestones, including:

– Selling 20 million vehicles
– Delivering 1 million humanoid robots
– Increasing Tesla’s market value more than eightfold, to an eye-popping $8.5 trillion

According to a proxy filing obtained by Bloomberg last month, Musk warned Tesla’s board that he would abandon the electric vehicle maker to “pursue his other interests” unless he secured approximately 25% voting control and was “fully paid for his past services.”

Shareholders are scheduled to vote on Musk’s pay package during Tesla’s annual meeting in Austin on November 6.

Wedbush Securities analyst Dan Ives expressed confidence in the package’s approval despite some opposition, stating in a Wednesday night note that he believes it “will be approved by a wide margin” as the automaker aims to keep Musk “as a war-time CEO.”

**Financial Highlights and Market Reaction**

Adding to the tension, Tesla reported that its operating income plunged 40% in the third quarter, while revealing over $400 million in tariff-related costs. Operating expenses surged 50%, reaching $3.4 billion.

Tesla’s shares fell 3.8% on Thursday morning, though the stock remains up 11.1% year-to-date.

Elon Musk’s pursuit of a trillion-dollar pay package reflects both his ambition and the high stakes involved as Tesla continues to navigate a complex and competitive market. The upcoming shareholder vote will be critical in determining the company’s leadership and future direction.
https://nypost.com/2025/10/23/business/critics-of-1-trillion-pay-for-elon-musk-are-corporate-terrorists-tesla-ceo-says/