Versace Owner Capri Jumps on Prada Moving Closer to Purchase
Capri Holdings Ltd. shares jumped as the U.S. company moves closer to a sale of its Italian luxury brand Versace to Prada SpA.
The Italian family-owned company and Capri have agreed to a price of as much as €1.5 billion ($1.6 billion) for the fashion house founded by the late Gianni Versace in 1978, people familiar with the matter said late Sunday.
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Yahoo
10 hours ago
- Yahoo
Meet What's New with Florida's Historic Coast's New Amenities
2025 brings new flights, fresh bites, and an endless list of hot things to do. Hastings farming heritage is celebrated in new mural Newly reconstructed Fort Mose St. Augustine, FL, June 08, 2025 (GLOBE NEWSWIRE) -- Florida's Historic Coast is the place to stay and play this summer and into the Fall with tons of new amenities and adventures to elevate any trip. New Places to StayNow under construction, the AC Hotel St. Augustine by Marriott, situated on the San Sebastian River in St. Augustine's Historic District, is bringing a thoughtful perspective on luxury. Slated to open this fall, the new space features 142 guest rooms, 1,500 square feet of meeting space, a lounge serving cocktails and a curated menu, the latest in integrated technology, and a 65-slip marina. Nestled in the heart of St. Augustine's historic district, guests at Yalhalla at Griffin Estate, a meticulously restored rental property offers a blend of modern comfort and old-world elegance, featuring a private pool, spa and fire pit, pool table, bar, 4 king suites, and more. Yallaha at Griffin Estate is perfect as a destination for wedding parties and large families looking for luxury enjoy easy access to iconic landmarks, vibrant dining, and shopping. Fresh BitesRagga Surf Cafe has brought its laid-back beach vibe to the San Sebastian Riverfront on Riberia Street. It has fresh, scratch-made breakfast and lunch specialties served alongside specialty coffee drinks. The Floridian, a pioneer in St. Augustine's farm-to-table movement, will lose its doors in the Historic District to bring two new wild ideas to life: Bea's Fine Foods + All Day Café and Jefe's Fish Wagon. Both will be located on Anastasia Blvd. and are set to open Summer of 2025. Bea's Fine Food + All Day Café is named after co-owner/chef Genie McNally's grandmother, Bea's will be a fun, fresh, and inventive take on some of her favorite things. Jefe's Fish Wagon will feature fully customizable burritos and sandwiches served up from the brand-new food truck. Castillo Craft Bar + Kitchen is now home to Executive Chef Donald 'Don' Green, whose extensive banquet experience will elevate the Renaissance St. Augustine Historic Downtown's event and meeting spaces. Meehan's Irish Pub + Seafood House announced that homegrown Chef Corey Brown will helm the traditional Irish scratch kitchen. Lynda's at the Ocean Club Restaurant, part of the newly renovated Ponte Vedra Ocean Club, hired Chef Luis Abbey, previously at the Westin Resort in Jekyll Island, GA. Michael's is now open in its new coastal location at the Hyatt Place Vilano Beach, where Chef Michael Lugo continues serving his inspired fare, paired with an award-winning wine list. Two new spaces opened in Historic Downtown St. Augustine: Saint and The French Pantry. Saint offers Italian fine dining with a beautiful courtyard and open-air balcony seating right on the bayfront. Recently opened on 36 Granda Collective concepts, featuring The French Pantry, serving French-inspired baked goods and heartier fare, along with Little Miss Ha, La Petite Kitchen, and Cache Cache. Each brings a unique perspective to the shared culinary experience. In nearby Hastings, the Hastings Coffee Company has become the place for coffee and community where guests gather and chat over espresso drinks, hand-poured coffees, and locally sourced treats. Explore and PlaySt. Augustine's Florida Water Tours is welcoming a new boat to its fleet. 'Great Blue Heron' will be ready to help passengers discover the real Florida this summer, with ecotours, sunset cruises, wine tastings, and more. Rated for 49 passengers, the family-owned and operated outfit can now accommodate 109 passengers between its three boats. I n Ponte Vedra, TPC Sawgrass has promoted Matt Borocz to General Manager of the expansive Ponte Vedra property, which hosts the international THE PLAYERS Championship and encompasses two world-class golf courses, NINETEEN restaurant, and over 13,000 square feet of banquet and meeting space. The settlement of Garcia Real de Santa Theresa de Mose, now referred to as Fort Mose Historic State Park, was established in 1738 as the first free black settlement in the United States and was inhabited by former slaves, who escaped through the original Underground Railroad, which flowed from Georgia and the Carolinas to Spanish St. Augustine. Fort Mose Historic State Park serves as a historical and cultural destination and features a newly opened reconstruction of the fort structure, and after 30 years of work, Fort Mose has once again become a tangible structure. The replica fort, new centerpiece of the park opened in May 2025, and was constructed at a cost of $3 million, raised through grants, donations, and fundraising events like the annual Fort Mose Jazz & Blues Series. Fort Mose is open Thursday through Monday, from 9 a.m. to 5 p.m. with guided tours of the new fort are at 10 a.m. and 1 p.m. Concerts at the St. Augustine Amphitheatre just got way cooler, with the addition of The Amp Shop and Box Office, offering exclusive Amphitheatre-branded apparel, collectibles, and in-person concert ticket sales to avoid online ticketing fees. The expansion also includes The Kookaburra Coffee Outpost, a full-service coffee shop offering a comprehensive menu of coffee, espresso, house-made baked goods, and retail coffee products. August 1, 2025 will mark the reopening of the Ponte Vedra Concert Hall, an indoor live music venue that has undergone an extensive renovation designed to elevate the listener experience. The Hall is hitting the ground running with a full slate of performances, including Dan Tyminski Band, Sister Hazel, and Melissa Etheridge. Tickets for the summer/fall line-up of performers are now on sale. The rural community of Hastings has added a new piece to its growing public art collection with a mural by Kelsey Montague. Secured through the St. Johns Cultural Council's Art in Public Spaces grant program the artwork celebrates the area's rich farming heritage with vibrant imagery of local crops, native wildlife, and an interactive vegetable cart pulled by a real bicycle. And, St. Johns County's multigenerational Treaty Park is now home to 12 new pickleball courts, bringing the total to 20 courts, making it the perfect location for some friendly competition. FlightsGetting here is easier with new flight options. Jacksonville International Airport (JAX) now offers nonstop flights to New Castle, Delaware, through Avelo; a route to Austin, Texas, courtesy of Delta Airlines; and Allegiant started direct service to JAX from Des Moines, Iowa, Grand Rapids, Michigan, and Akron-Canton, Ohio. Arajet is expanding into the Orlando market with new nonstop service between Orlando Sanford International Airport and Punta Cana International Airport in the Dominican Republic. In addition to their existing service at JAX, Breeze Airways will begin service between Daytona Beach International Airport and Akron-Canton, Ohio, as well as Ocean City, Maryland, this fall. Coming with a group or looking for a meeting spot that strikes a balance between work and play? Be sure to download the new Group Travel Guide, the penultimate tool for planning meetings and group events. Located midway between Daytona Beach and Jacksonville, Florida's Historic Coast includes historic St. Augustine, the outstanding golf and seaside elegance of Ponte Vedra, the rural beauty of Hastings, Elkton, St. Johns, and 42 miles of pristine Atlantic beaches. Visitor Information Centers are located at 10 Castillo Drive, St. Augustine; 200 Solana Rd. Suite B, Ponte Vedra Beach: and at the St. Johns County Beach Pier Park, 350 A1A Beach Blvd., St. Augustine Beach. For advance travel information, call 1.800.653.2489 or go to the Visitors and Convention Bureau website at Check us out on social media Instagram @FloridasHistoricCoast; @ViajaStAugustine, and and Twitter @FlHistoricCoast # # # Attachments Hastings farming heritage is celebrated in new mural Newly reconstructed Fort Mose CONTACT: Barbara Golden St. Augustine, Ponte Vedra & The Beaches Visitors & Convention Bureau 9046698142 Bgolden@ 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
Miami Herald
15 hours ago
- Miami Herald
Veteran fund manager reboots Palantir stock price target
There's been a lot of debate surrounding artificial intelligence stocks this year. A boom in AI spending, particularly by hyperscalers ramping infrastructure to meet surging research and development of chatbots and agentic AI, led to eye-popping returns for companies like Palantir Technologies, which markets data analytics platforms. However, concern that spending could decelerate has picked up in 2025 because of worry over a tariffs-driven recession, causing many AI stocks like chip-maker Nvidia to stumble. Related: Legendary fund manager sends blunt 6-word message on bitcoin While the eventual impact of tariffs on recession remains a question mark, there's been little to suggest demand for Palantir's services is slipping. Solid first-quarter earnings results and optimism that trade deals could make tariffs manageable have helped Palantir shares rally 63% this year after a 340% surge in 2024. Palantir's resiliency isn't lost on long-time money manager Chris Versace. Versace, who first picked up shares last year, recently updated his price target as Palantir's stock challenges all-time highs. Bloomberg/Getty Images Investors' interest in Palantir stock swelled after OpenAI's ChatGPT became the fastest app to reach one million users when it was launched in December 2022. ChatGPT's success has spawned the development of rival large language models, including Google's Gemini, and a wave of interest in agentic AI programs that can augment, and in some cases, replace traditional workers. Related: Palantir's stock price surges on AI news, gamma squeeze The activity is widespread across most industries. Banks are using AI to hedge risks, evaluate loans, and price products. Drugmakers are researching AI's ability to predict drug targets and improve clinical trial outcomes. Manufacturers are using it to boost production and quality. Retailers are using it to forecast demand, manage inventories, and curb theft. The U.S. military is even seeing if AI can be effective on the battlefield. The seemingly boundless use cases-and the ability to profit from them-have many companies and governments turning to Palantir's deep expertise in managing and protecting data to train and run new AI apps. Palantir got its start helping the U.S. government build counterterrorism systems. Its Gotham platform still assists governments in those efforts today. It also markets its Foundry platform to manage, interpret, and report data to large companies across enterprise and cloud networks. And its AI platform (AIP) is sold as a tool for developing AI chatbots and apps. Demand for that platform has been big. In the fourth quarter, Palantir closed a "record-setting number of deals," according to CEO Alex Karp. The momentum continued into the first quarter. Revenue rose 39% year-over year to $884 million. Meanwhile, Palantir's profit has continued to improve as sales have grown. In Q1, its net income was $214 million, translating into adjusted earnings per share of 13 cents. "Our revenue soared 55% year-over-year, while our U.S. commercial revenue expanded 71% year-over-year in the first quarter to surpass a one-billion-dollar annual run rate," said Karp in Palantir's first-quarter earnings release. "We are delivering the operating system for the modern enterprise in the era of AI." AI's rapid rise has opened Palantir's products to an increasingly new range of industries, allowing it to diversify its customer base. For example, Bolt Financial, an online checkout platform, recently partnered with Palantir to use AI tools to analyze customer behavior better. More Palantir Palantir gets great news from the PentagonWall Street veteran doubles down on PalantirPalantir bull sends message after CEO joins Trump for Saudi visit The potential to ink more deals like this has caught portfolio manager Chris Versace's attention. "The result [of the Bolt deal] will be technology that can offer shoppers a customized checkout experience, embedded within retailers' sites and apps, and it is one that will extend to agentic checkout as well," wrote Versace on TheStreet Pro. "We see this as the latest expansion by Palantir into the commercial space, and we are likely to see more of this as AI flows through payment processing and digital shopping applications." Alongside Palantir's deeply embedded government contracts, growing relationships with enterprises should provide Palantir with cross-selling opportunities, further driving sales and profit growth, allowing for increased financial guidance. Palantir is guiding for full-year sales growth of 36%, and U.S. commercial revenue growth of 68%. The chances for Palantir growth to continue accelerating has Versace increasingly optimistic about its shares. As a result, he's increased his price target to $140 per share from $130. Related: Veteran fund manager revamps stock market forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Miami Herald
19 hours ago
- Miami Herald
Italy's ‘Ultra Fast' Hyperloop Train Reaches Major Milestone
One of Italy's most ambitious transportation projects is set to begin testing after passing its feasibility study. The Hyper Transfer hyperloop project, on which research first began in 2013, will commence construction work on a test track in Veneto, spanning 10 kilometers (about six miles) between Padua and Venice. The hyperloop project is designed to transport passengers and cargo at record speeds of up to 1,200 kilometers per hour, thanks to the use of magnetic levitation through vacuums. The vacuum means there is no air resistance on the front of the vehicle, allowing transport tubes to move at very high speeds. The technology has been tested in various parts of the world, including India, but the construction of a test site in Italy would be a major breakthrough for the concept in Europe. The hyperloop project has completed its feasibility study phase, with Luca Zaia, the president of the Veneto region, announcing that the test track would be built in his area. Zaia told the Transportation Logistics Fair in Munich this week: "It is not a futuristic vision but a concrete project born in Veneto...A revolutionary technology, strongly desired by the Veneto Region, which is now entering its operational phase." A consortium of four companies is managing the project: HyperloopTT, a Los Angeles-based technology provider and designer; Webuild, Italy's largest engineering contractor; Leonardo, a multinational aerospace and defense monitor; and Hyperloop Italia, the body that licenses the infrastructure. The test track will occupy a 10-kilometer stretch of land. It will be designed to carry both passengers and cargo, allowing the loop's safety systems and energy management technology to be properly tested. HyperloopTT CEO Andrés de Leónsaid in a statement to Newsweek: "This is the moment HyperloopTT has been working towards since 2013. We thank the Italian government, the Veneto region, and CAV for their vision and commitment to sustainable innovation. "We've partnered with some of the best engineering and transportation companies in the world, all with deep roots in the region. We look forward to bringing this first of many hyperloop systems to the world." HyperloopTT COO Andrea La Mendola said: "Italy has always been a cradle of creativity, innovation, and progress, from the artistic brilliance of the Renaissance to the engineering prowess behind their high-speed trains. Today, we stand at the dawn of a new era, poised to redefine mobility once again with the 'Hyper Transfer' project. "This hyperloop system is not just about connecting Venice and Padua in record time; it is a testament to Italy's unwavering spirit of innovation and their commitment to sustainable and efficient transport." The testing process is expected to take several years, although engineers hope that parts of the infrastructure will be operational by 2030. Related Articles How to Watch Norway vs Italy: Live Stream FIFA World Cup Qualifiers, TV ChannelAmerican's Trip to Italy Leads to Shocking Revelation About US: 'So Much Resentment'Mount Etna Erupts: Watch Live Feed of June 2 EruptionRule Change Hits Americans Seeking Italian Citizenship: 'Real Gut Punch' 2025 NEWSWEEK DIGITAL LLC.
