Harley-Davidson Bagger Race Series Leads to $110,000 Motorcycle
Harley-Davidson Inc. 's participation in the 'King of the Baggers' motorcycle race series has proven so popular that the Milwaukee-based 'MoCo' will now sell a limited-edition, $110,000 race-replica motorcycle—the highest price Harley has ever charged for a bike.
The 2025 CVO Road Glide RR is also the most powerful motorcycle Harley has sold for the street. Built on its touring platform, a souped-up 131 cubic-inch motor produces 153 horsepower and 150 lb-ft of torque. Only 131 units will be produced, said Harley's director of racing, Jason Kehl, at a press event in Austin, Texas.
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Yahoo
16 minutes ago
- Yahoo
Airstream and Frank Lloyd Wright Foundation Launch Limited Edition Travel Trailer
Legendary American design icons blend signature engineering and architectural styles JACKSON CENTER, Ohio, June 9, 2025 /PRNewswire/ -- Airstream®, the iconic manufacturer of world-class recreational vehicles, and the Frank Lloyd Wright Foundation have partnered to debut the Airstream Frank Lloyd Wright Usonian Limited Edition Travel Trailer. A tribute to American design and organic architecture, the limited-edition travel trailer personifies Frank Lloyd Wright's unmatched architectural vision and Airstream Founder Wally Byam's innovative approach to mobile living and the pursuit of travel freedom. This limited-edition Airstream travel trailer will be produced in a numbered production run of 200 units. The new towable travel trailer was designed in collaboration between Airstream's Jackson Center, Ohio-based engineering and design teams and the Frank Lloyd Wright Foundation's experts at Wright's Taliesin West home and studio in Scottsdale, Arizona. To create the new model, the collaborative design teams blended Byam's emphasis on aerodynamic curves with the guiding principles of Wright's organic architecture philosophy to deliver a new mobile example of mid-century form and function. "This is a dream collaboration that brings together two icons of American design, and by focusing on Wright's design principles we were pushed to think differently about materials, textures, and small space efficiency in our floor plan," said Bob Wheeler, president and chief executive officer at Airstream. "Collaborations like this bring new ideas to the table and push our design and engineering teams beyond their comfort zone. The result distills the essence of these two iconoclasts in a travel trailer that is both beautiful and functional." Henry Hendrix, vice president and chief marketing officer at the Frank Lloyd Wright Foundation adds, "We believe Frank Lloyd Wright's design philosophy was always about helping people live with more purpose, beauty and joy. This collaboration with Airstream has been better than we could have imagined — a perfect meeting of vision and craft that brings Wright's timeless ideas to life on the road. Together, we've created something that lets Airstream enthusiasts 'Live Riveted' in the fullest sense — deeply connected to nature, adventure, and the meaning of home, wherever they go." The design-forward 28-foot travel trailer found inspiration from unprecedented access to archival materials at Taliesin West. Key references were drawn from Wright's Usonian home design principles. Adopted by Wright in his later career, the Usonian style centers on maximizing small spaces and open floor plan efficiency, while blending interior and exterior spaces. The model's rear space stands as one embodiment of the Usonian concept. The unit is standard equipped with Airstream's popular rear hatch feature, providing a sweeping panoramic view to the natural world from the convertible lounge and sleeping space. Where many Airstream travel trailers feature a convertible dinette inside the hatch, this model uniquely positions the primary sleeping area at its rear. Two twin beds, which double as bench seating, conveniently convert with the push of a button into a king-sized bed– the largest option in Airstream's fleet— reminiscent of the gaucho beds found in 1950-1960s era Airstreams. Another unique convertible feature is found in the front living space, where a dining table and separate desk space both collapse into a wall cabinet, creating room for a pull-out sofa that doubles as a secondary sleeping area. Two collapsible Wright-inspired chairs and a collapsible stool tuck away neatly inside the wall cabinet behind the lowered desk and table. A specific emphasis was also placed on filling the space with light. Overhead storage capacity was relocated to allow for more windows and natural light to flow into the unit. Two circular porthole windows also give a nod to Wright's love of circular elements and Airstream's dedication to rounded aerodynamic design. Other historic elements pulled from Wright's storied career include a never-produced mobile kitchen concept unearthed from a 1939 archival design, deep-set lounge seating inspired by his signature furniture work, and open shelving that replaces overhead locker cabinetry. The color palette– drawn from a 1955 Wright-curated Martin-Senour paint collection– showcases desert- inspired hues like ochre, deep red, and cool turquoise throughout the interior finishes and upholstery. The entryway to the unit stands out as another stunning highlight with a main entry door featuring a custom graphic design element drawn from the archival Gordon Leaf mural pattern. Wright commissioned his trusted apprentice and secretary, Eugene Masselink, to create the mural design in 1956 for House Beautiful editor Elizabeth Gordon, and the pattern's organic geometry is featured on the Airstream's main entry portal and matching die-cut screen door, as well as in the lighting sconces, galley wall laminate, dinette, and cabinetry pulls. Hendrix adds, "The Gordon Leaf is a wonderful natural pattern that becomes a gateway to the natural world. The pattern isn't solely decorative. It helps create the sense of fluidity and continuity from interior to exterior that you see across all of Wright's work." The Airstream Frank Lloyd Wright Usonian Limited Edition Travel Trailer 200 unit production run will feature custom badging in Wright's beloved Taliesin Red hue. The model will be available for purchase at Airstream dealers nationwide, with pricing at $184,900. In coordination with the model launch, Airstream and the Frank Lloyd Wright Foundation have also developed a custom line of inspired home goods, apparel, and gifts available at Airstream Supply Company. For comprehensive features and pricing, visit ABOUT AIRSTREAMAirstream, manufacturer of the iconic riveted aluminum Airstream® travel trailer, is one of the longest-tenured recreational vehicle manufacturers in the world. The company's mission, as set forth by founder Wally Byam, is to create well-designed, high-quality products that allow people to follow their dreams and explore the world in home-like comfort. A steadfast commitment to Byam's creed, "Let's not make changes, let's only make improvements," has made the aluminum Airstream travel trailer a timeless classic. An unwavering focus on innovation keeps the company at the forefront of technology and customer experience in both the towable and motorized sectors. Airstream is based in Jackson Center, Ohio, where a team of skilled craftspeople hand builds each travel trailer and upfits every Mercedes-Benz® and RAM® touring coach, adding daily to the brand's reputation for quality and innovation. Learn more about Airstream, our dealers, and current travel trailer and touring coach models at For the latest news on Airstream, like us on Facebook and follow us on Twitter and Instagram. Airstream, Inc. is an operating company of Elkhart, IN-based THOR Industries, Inc. (NYSE: THO). THOR is the sole owner of operating companies which, combined, represent the world's largest manufacturer of recreational vehicles. For more information on THOR Industries and its products, please visit ABOUT FRANK LLOYD WRIGHT FOUNDATIONEstablished by Wright in 1940, the Frank Lloyd Wright Foundation is dedicated to preserving Taliesin and Taliesin West, both World Heritage sites, for future generations. It inspires people to discover and embrace an architecture for better living through meaningful connections to nature, the arts, and each other. The foundation aims to continue Wright's legacy by broadening access to his ideas, works, and designs — considered more relevant today than in his own time — and creating new pathways for audiences to create beauty and connectedness in their own lives. Media Contact:TURNERairstream@ View original content to download multimedia: SOURCE Airstream, Inc.
Yahoo
26 minutes ago
- Yahoo
IBM Acquires AI Startup Seek And Launches $500M-Backed Watsonx AI Labs In NYC To Tackle Data Innovation With Agentic Intelligence
IBM (NYSE:IBM) announced Monday that it acquired Seek AI, a New York City-based artificial intelligence startup specializing in natural language data querying, as part of a larger push into agentic AI development. The acquisition coincides with the launch of Watsonx AI Labs. According to IBM, Seek AI's software will become a foundational part of the lab's technological framework. Founded in 2021 by former data scientist Sarah Nagy, Seek AI builds tools that allow users to interact with complex datasets using natural language prompts, automatically converting them into structured query language queries and generating insights, TechCrunch reports. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Invest where it hurts — and help millions heal:. IBM said in the statement that Seek AI's natural language platform will be integrated into its AI development ecosystem, enabling startups and partners to build applications with conversational data capabilities. The newly launched Watsonx AI Labs is located in Manhattan's Flatiron District at One Madison, where IBM says it plans to build and test next-generation AI systems with engineers, researchers, and startups. According to IBM, the lab will co-create enterprise-ready AI applications spanning cybersecurity, customer service, and open-source frameworks. The facility will also focus on domain-specific AI solutions and prioritize responsible governance, a rising concern among enterprise adopters. New York City's growing role in AI development factored heavily into IBM's decision to base the lab there. According to Tech: NYC, the city hosts over 2,000 AI startups and experienced a 25% increase in AI workforce growth from 2022 to 2023. Since 2019, AI startups in NYC have collectively raised $27 billion in funding. IBM mentioned in the statement that it also plans to collaborate with local universities and research institutions to nurture future talent and expand its innovation footprint. Trending: Wall Street's Missing This AI Surgical Tech — You Don't Have To. Seek AI had previously secured nearly $10 million in backing from investors such as Battery Ventures, Conviction Partners, and NJP Ventures, according to TechCrunch. Once the acquisition is finalized, IBM says the startup will relocate its operations to One Madison, aligning itself physically and strategically with IBM's flagship Manhattan-based Watsonx AI Labs. 'By anchoring this mission in New York City, we are investing in a diverse, world‑class talent pool and a vibrant community whose innovations have long shaped the tech landscape,' Ritika Gunnar, IBM's general manager of data and AI, said in the said that it will provide select startups inside the lab with mentorship, access to technical talent, and financial support through its $500 million Enterprise AI Venture Fund. These startups will be able to test, refine, and deploy AI applications built with tools like Seek AI's natural language platform. Companies successfully building enterprise-ready solutions may be eligible for long-term partnership and global amplification via IBM Ventures. Julie Samuels, president and CEO of Tech: NYC, said in IBM's statement that the move underscores New York's strength as an innovation hub and a magnet for enterprise AI development. She added that the initiative could be transformative for local communities and the broader tech economy. With Seek AI's technology now in-house and the Watsonx AI Labs underway, IBM appears committed to shaping the future of enterprise AI from the epicenter of one of the world's most dynamic cities. Read Next: Here's what Americans think you need to be considered wealthy. Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? IBM (IBM): Free Stock Analysis Report This article IBM Acquires AI Startup Seek And Launches $500M-Backed Watsonx AI Labs In NYC To Tackle Data Innovation With Agentic Intelligence originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
CNBC
31 minutes ago
- CNBC
Here's where to find the best income opportunities right now, according to TCW CIO
Investors looking for income in the current environment may want to turn to securitized products, according to Bryan Whalen, chief investment officer and portfolio manager at Los Angeles-based TCW. Right now investors are in "the waiting place" for the next few months as the direction of the economy gets sorted out, said Whalen. While the outcome is still uncertain, Whalen thinks the economy will likely weaken more than the market expects. Yet in many parts of the bond market, investors aren't being compensated for credit risk, he said. Key inflation data comes out this week, with the May consumer price index due on Wednesday and the producer price index released on Friday. "There's a chance everything's all right and it all works out and smooth landing and no landing and all [those] plane analogies. However, if that's the case, that seems to be already embedded in what you get paid to take risk in corporate bonds and high yield bonds and things like that," Whalen said in an interview with CNBC. "If it's not the case … it feels like there needs to be a repricing." The money manager is on a TCW team that oversees more than $170 billion in fixed income assets. While corporate credit is rich, securitized assets are relatively cheap, he said. The latter make up about two-thirds of the assets in the TCW Flexible Income ETF (FLXR), which Whalen co-manages. FLXR YTD mountain TCW Flexible Income ETF year to date The exchange-traded fund has a 5.9% 30-day SEC yield, as of May 31, and a 0.4% expense ratio. It aims to generate consistent income and deliver long-term capital appreciation, and is meant to serve as a complement to a traditional fixed-income portfolio rather than replace it, Whalen said. "We're trying to balance a total-rate-of-return mindset — which is [to] stay high quality, stay liquid, so that we can take advantage of bond market dislocation in the future — with still trying to deliver good income for our shareholders," he explained. "From our perspective, the best way to do that is high-quality securitized [debt], which is offering decent spread levels and decent compensation." Breaking down the portfolio The allocation to securitized assets is distributed between agency mortgage-backed securities (MBS), non-agency mortgages, asset-backed securities and commercial-mortgage-backed securities, Whalen said. Agency MBS, largely from Fannie Mae, Freddie Mac and Ginnie Mae , is essentially the highest quality asset you can buy after Treasurys, since they are seen as indirectly or directly backed by the government, he said. Those securities are expected to benefit, "in an environment where yields are still bouncing around — and you're not going to expect that to tighten in — but you are getting paid a decent income while you wait for an eventual remediation in the price and or in the spread," Whalen said. For the trade to work, you have to have a long-term view that interest rates will come down at some point and volatility will subside, he noted. "We'll get through 'the waiting place' and we'll get to a steady-state yield curve that should also bring in, maybe, buyers that have … certainly pulled back from the market in the last few years," he added. Non-agency mortgages have less interest-rate sensitivity and therefore are not as volatile, he noted. Meanwhile, asset-backed securities are essentially a compilation of many different sub-asset classes. "Asset-backed securities really allow you to tailor the specific receivable you want to have exposure to — and then you can pick which parts of the capital structure" to get paid from, Whalen said. "For us, because we're defensively leaning, we can buy good structures at the top of the capital structure, get a floating-rate coupon for anywhere between, let's call it, about 100 basis points over SOFR." The Secured Overnight Financing Rate, or SOFR, is a benchmark interest rate for bonds and loans. Within this space, Whalen likes collateralized loan obligations (CLOs), which are pools of floating-rate loans to businesses. He favors CLOs tied to single-family rental loans, data centers and assets related to the electrification of the economy. Lastly, while there is still a "fundamental dark cloud" hanging over the commercial MBS sector, partly due to the outlook for office real estate, there are still areas of opportunity, Whalen said. He specifically likes those assets that focus on a single property, rather than a pool of many properties. "When you buy these bonds, particularly at the top of the capital structure, these underlying loans don't allow a lot of prepayment risk," he said. "The prices or the spreads aren't really subject to interest rate volatility." You can also get anywhere from about 100 to 200 basis points over Treasurys for top tier portions of the capital structure, he noted.
