Ex-Paulson Partner Restarts Hedge Fund With Qube Among Backers
His London-based Berry Street Capital Management will start trading as soon as next month with capital from Qube Research & Technologies, one of two separately managed accounts it has secured, people with knowledge of the plans said. The accounts represent a combined $200 million commitment to Berry Street, one of the people said, asking not to be identified because the details are private.
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Miami Herald
14 minutes ago
- Miami Herald
Smoothie King teams up with Heinz for new ketchup smoothie. Where to get a cup
On a burger or served alongside crispy fries, some would consider ketchup food's best friend. Now, you can find the savory condiment in your next fruit smoothie. The Heinz tomato ketchup smoothie arrived Wednesday, Aug. 6, at select Smoothie King locations nationwide, the Texas-based smoothie brand said in a news release. It teamed up with Kraft Heinz for the 'first-ever ketchup-based smoothie,' made with real Heinz Simply Tomato ketchup. For $5.70, the 20-ounce drink combines Acai sorbet, apple juice, strawberries and raspberries with the 'bright, tangy' finish of Heinz ketchup. Customers can grab a cup at Smoothie King locations across Atlanta, Chicago, Denver, Miami-Ft. Lauderdale and New York, while supplies last. Together, the brands sought to settle the age-old debate, 'Is tomato a fruit or a vegetable?' Though often used in savory dishes from salads to stews, tomatoes are classified as a fruit, according to More specifically, the vibrant red orbs are berries because 'they are fleshy fruits without pits that develop from a single flower with only one ovary,' according to the produce company's website. Now, Smoothie King is turning to ketchup for a spin on its traditional fruit smoothies. 'The idea of a ketchup smoothie is provocative, and our top priority was landing a delicious tasting fruit smoothie with distinct yet well-balanced ketchup notes,' Angie Madigan, vice president of elevation marketing at Kraft Heinz, said in the release. 'The experts at Smoothie King helped make this dream a reality, and we're absolutely thrilled with the final smoothie we created together.' Find your nearest participating Smoothie King here.
Yahoo
20 minutes ago
- Yahoo
Duolingo Doubles Down on Delight with Acquisition of Music Gaming Startup NextBeat's Innovative Team
London-based team brings deep expertise in music games, licensing, and interactive design PITTSBURGH, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Duolingo, Inc. (Nasdaq: DUOL), the world's leading mobile learning platform, announced today it has acquired the team behind NextBeat, a London-based music gaming startup known for blending world-class music licensing with engaging mobile gameplay. With this move, Duolingo is investing in making its Music course as fun and joyful as the best mobile games in the market. 'Learning should be just as engaging as playing a great game, whether you're practicing a new language or playing a favorite song,' said Bob Meese, Chief Business Officer at Duolingo. 'This is a strategic bet on talent. The NextBeat team brings deep mobile gaming and music industry expertise, which will make our Music course and the entire Duolingo platform more delightful, immersive, and effective.' The acquisition of NextBeat's team brings twenty-three world-class experts in areas such as game design, user retention and monetization, sound design, and music licensing. Their expertise will power the next chapter of Duolingo's gamified learning experiences, with a focus on building upon Duolingo's Music course. The move also establishes Duolingo's first official presence in the UK, a hub of creativity and talent. 'From day one, it was clear that Duolingo and NextBeat share the same values: putting learners first, obsessing over great design, and never taking ourselves too seriously,' said Simon Hade, CEO of NextBeat. 'Joining forces means we can bring our passion for music and play to a platform that is redefining how people learn.' With millions of learners already using Duolingo Music since its beta launch, this acquisition signals Duolingo's ambition to make music education more engaging and accessible with a product that is both playful and effective. About DuolingoDuolingo is the leading mobile learning platform globally. Its flagship app has organically become the world's most popular way to learn languages and the top-grossing app in the Education category on both Google Play and the Apple App Store. With technology at the core of everything it does, Duolingo has consistently invested to provide learners with a fun, engaging, and effective learning experience while remaining committed to its mission to develop the best education in the world and make it universally available. About NextBeatNextBeat is a London-based music-first gaming studio founded by serial entrepreneurs Simon Hade, Olly Barnes & Joe Adams. The company is best known for the hit games Beatstar and Country Star, which were spun out of Space Ape Games upon its acquisition by mobile gaming giant Supercell. The hit mobile rhythm games reached over 100 million downloads and generated nearly $200 million in revenue. NextBeat built a team of experts across game design, licensing, and creative tech to explore new interactive experiences across gaming, education, and wellness. Contact:Monica Earle, press@ 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
Yahoo
37 minutes ago
- Yahoo
Rachel Reeves must raise taxes to fill £51bn black hole, warns think tank
Chancellor Rachel Reeves must raise taxes immediately in order to plug a fresh £50bn hole in public finances, a UK thinktank said on Wednesday. According to the National Institute of Economic and Social Research (NIESR), UK government finances have been hit by slowing economic growth, a weak jobs market and the cost of Labour's U-turns on welfare spending. NIESR recommended "a moderate but sustained increase in taxes" including reform of the council tax system to make up the shortfall. It also suggests that the government could raise revenue through changes to the scope of VAT, pensions allowances and prolonging the freeze in income tax thresholds, which is set to end in 2028. Reeves is now on course to miss her borrowing targets by £41.2bn, NIESR predicted in its report, facing an "impossible trilemma" of big tax hikes, spending cuts or a change to fiscal rules that she has said are non-negotiable. NIESR added that if she also wants to restore the £9.9bn of headroom maintained since last year's budget, she must raise taxes or cut spending by £51.1bn in the autumn budget statement. In its manifesto, Labour promised not to raise taxes such as income tax, VAT or national insurance on "working people". Read more: UK taxpayers 'subsidising' S&P 500, says LSEG boss NIESR nudged up its forecast for British economic growth for this year to 1.3% from its forecast of 1.2% in May. However, it cut its projections for all the following years up to 2030, largely due to the impact of US president Donald Trump's trade tariffs on the global economy. The forecasts are significantly weaker than those of the Office for Budget Responsibility (OBR), whose projections underpin the government's tax and spending plans. NIESR expects 1% growth in 2028 compared with the OBR's 1.7%. Stephen Millard, NIESR's deputy director for macroeconomics, said the difference between those forecasts and NIESR's £41bn estimate of the shortfall probably lay largely in the think tank's lower forecasts for economic growth. It comes just a year after Rachel Reeves attacked the Conservative government for leaving an alleged £22bn black hole in the public finances. But shadow chancellor Mel Stride claimed the black hole was a result of Labour's 'economic mismanagement'. Stride said: 'Labour will always reach for the tax-rise lever because they don't understand the economy. Businesses are closing, unemployment is up, inflation has doubled and the economy is shrinking. And Labour are refusing to rule out more damaging tax rises on investment.' The news on Wednesday came as separate figures from HMRC showed almost 2.6 million people will be forced to pay tax on their savings this year, up by over 120,000 from 2024. The average saver who receives a bill will pay £2,300, according to analysis by stockbroker AJ Bell. Read more: Trending tickers: AMD, Novo Nordisk, Snap, Walt Disney, Super Micro and Glencore Will the Bank of England cut interest rates? How to reclaim overpaid pension taxError while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
