What amenities will Club Biba members-only club offer the affluent in West Palm Beach?
And in newly shared details, the club will be managed by Apicii, a New York-based hospitality management company.
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Billy Joel closing Long Island motorcycle shop 20th Century Cycles
Billy Joel will be closing 20th Century Cycles, his popular motorcycle shop on Long Island. For the past 15 years, the Oyster Bay shop has showcased the singer's private collection of expensive and rare motorcycles, which he spent decades gathering. Shortly after its grand opening, Joel shared a video about why he wanted to give the community an inside look. "People don't get to see all these kinds of bikes all together in one place," he said. "I actually grew up not far from here, and I'd like to get a little interest going into the town." The closure comes as Joel, 76, is in the middle of selling his Oyster Bay estate and relocating to Florida after being diagnosed with a brain condition. Locals are disappointed the shop is closing down. "It's always cool to sometimes see him coming in or out," Oyster Bay resident Alice Balducci said. "This is one of the prime things to do in Oyster Bay, is to see the motorcycles," resident Stephen Sprachman said. Maalika Mehta remembers meeting Joel at the shop back in 2018 when she was 8 or 9 years old. "He was such a sweet person to talk to," she said. In 2023, a part of the road the shop sits on was named Billy Joel Way. Town Supervisor Joseph Saladino says that won't change even after the shop closes. "While we may be losing this motorcycle museum, we're not losing our love," he said. The shop will remain open on weekends only through the end of August as motorcycle parts are sold off. There's no word yet on when the store will be closing its doors for good, or what will be replacing it.
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Paysafe Raises Sales Outlook After Strong Organic Growth
Paysafe Limited (NYSE:PSFE) shares surged on Tuesday after the payments platform topped Wall Street's second-quarter earnings and revenue estimates, posted organic growth in its Digital Wallets unit, and raised its full-year sales outlook. The company reported second-quarter adjusted earnings per share of 46 cents, beating the analyst consensus estimate of 45 cents. Quarterly sales of $428.218 million outpaced the Street view of $424.749 million (down 3% year over year). Paysafe registered organic revenue growth of 5% in the quarter under review. Reported revenue for the second quarter of 2025 was $428.2 million, a decrease of 3%, compared to $439.9 million for the second quarter of 2024. Merchant Solutions' revenue fell 9% to $232.245 million. Digital Wallets gained 6% to $201.155 million. 'A very solid quarter with revenue, adjusted EBITDA, and adjusted EPS all in line with our expectations,' said CEO Bruce Lowthers. View more earnings on PSFE The company reported adjusted EBITDA of $105.0 million (compared to $119.0 million in the prior-year period), including a $25.4 million headwind from the disposal of its direct marketing business line. As of June 30, total cash and equivalents were $266.1 million, total debt was $2.6 billion and net debt was $2.3 billion. Compared to December 31, 2024, total debt increased by $187.4 million. Outlook Paysafe reaffirmed its FY2025 adjusted EPS outlook at $2.21–$2.51, versus the $2.38 consensus. It raised FY2025 sales guidance to $1.710–$1.734 billion (prior view: $1.710 billion-$1.73 billion), compared with the $1.722 billion estimate. 'Collectively, we remain on track to drive stronger growth and margin improvement in the second half of the year,' Lowthers added. Price Action: PSFE shares are trading higher by 13.42% to $13.35 at last check Tuesday. Read Next:Photo via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Paysafe Raises Sales Outlook After Strong Organic Growth originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Year's Biggest US IPO Is Also Biggest Flop as Earnings Fizzle
(Bloomberg) -- Venture Global Inc.'s crown as worst US public markets debutant this year is undented after the liquefied natural gas exporter reported second-quarter earnings. Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion New York Warns of $34 Billion Budget Hole, Biggest Since 2009 Crisis To Head Off Severe Storm Surges, Nova Scotia Invests in 'Living Shorelines' Five Years After Black Lives Matter, Brussels' Colonial Statues Remain For Homeless Cyclists, Bikes Bring an Escape From the Streets Shares on Tuesday eked out a 0.9% gain after the company beat on revenue and said one of a set of arbitration cases would be decided 'imminently.' The rise barely offset the stock's recent losses, Venture Global still trades at less than half of its January initial public offering price of $25 a share. 'We saw the IPO price as priced for perfection in execution,' said Adam Baker, a Morningstar Investment Service analyst who rates the stock a hold. 'They have grand visions and some of those visions won't be realized into the 2030s.' The Arlington, Virginia-based company is being hit by a triple whammy of volatile LNG pricing, ongoing arbitration, and an enormous debt pile. That's helped cement this year's biggest US IPO as the worst-performing among those raising over $50 million, according to data compiled by Bloomberg. Venture Global reported $3.1 billion in revenue for the quarter, beating the average analyst estimate of $2.9 billion while net income of $368 million missed by 39%. Lower liquefied natural gas prices at the Louisiana Calcasieu Project offset higher sales volumes at other projects. 'They're a company in heavy growth mode and they're building very expensive facilities and they're pursuing a minimum amount of those volumes being contracted,' Baker said. 'So their stock share price is going to be volatile and track movements in Dutch LNG indexes.' This marked the firm's second earnings print since it went public, in a $1.75 billion IPO. Venture Global shares fell 4% in its first day of trading, even after the company had already scaled back its price range by more than 40%, having sought as much as $46 a share. Even expedited project approvals under the Trump administration have failed to reignite shares and the biggest bulls have price targets below the IPO price. Hedgeye Risk Management analyst Fernando Valle rates the stock a buy and sees $18 to $20 as a fair price for the shares. He expects the company to benefit over the next five to 15 years from the US cost advantage in natural gas. Meanwhile, Dutch TTF Natural Gas Futures are down over 30% this year as higher inventories in Europe and the US weigh on prices and the stock. Another focus for investors has been the company's arbitration. Venture Global faces nearly $6 billion in pending arbitration claims stemming from its Calcasieu LNG plant which began producing in 2022, but didn't deliver gas to its customers until 2025. Hedgeye's Valle says a negative impact from arbitration has already been priced in, but a positive result from the first decision could set the tone for future cases and change the outlook. Valle says investors are split on Venture Global, with some concerned about a lack of clarity around pricing structures. Wall Street is also split on the company; among the 16 tracked by Bloomberg, one half gives it a buy-equivalent rating and the rest assigns it a hold-equivalent grade. 'There are people who love it and people who certainly don't,' Valle said in an interview. 'The don'ts are really more concerned about management and the communication, and the ones that love it just see the value of the assets and the long-term contract and also the speed of execution.' --With assistance from Jaren Kerr. (Updates with closing share move.) Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan Why It's Actually a Good Time to Buy a House, According to a Zillow Economist The Social Media Trend Machine Is Spitting Out Weirder and Weirder Results Dubai's Housing Boom Is Stoking Fears of Another Crash A $340 Million New York Office Makeover Is Converting Boardrooms to Bedrooms ©2025 Bloomberg L.P.
