Centene urges shareholders reject 'mini-tender' offer from Canadian investor
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USA Today
13 minutes ago
- USA Today
ONE Water: Premium Bottled Water Brand Redefines Sustainability and Innovation
ONE Water is redefining sustainability, innovation, and global connection with Joelle El-Khatib at the helm. The visionary leader has a background in the Canadian federal government, where she led national-scale initiatives across security, procurement, and operations, a mindset she brings to the premium bottled water brand. Joelle brings a systems-level mindset to every company decision, but her mission is rooted in humanity. She aims to unify the world through a shared, essential resource with innovative design and viable solutions. Under her leadership, ONE Water developed a patented interlocking bottle that cuts logistics-related emissions and packaging waste by up to 35%. Waste reduction is a tangible and measurable advancement in an industry full of long-term promises. Recognized at the World Economic Forum in Davos and awarded 'Best Technology Innovation' by Zenith Global, Joelle's bottle design is both a logistical breakthrough and a symbol of global unity. Joelle's vision is coming to fruition, but she did not develop it overnight. Before founding ONE Water, she led national security, procurement, and business systems projects. There, she developed a deep appreciation for operational efficiency, systems thinking, and large-scale impact. But over time, she began to feel a pull toward something more personal and purpose-driven. The idea for ONE Water began with a simple yet powerful question: How can something as universal as water become a force for unity and sustainability? The question stayed with her until her new venture developed the interlocking bottle. They were told it could not be done, but Joelle knows that real change comes from challenging and building a better system. She is committed to measurable, immediate actions over empty promises, which is the change she and her company are bringing to the industry.
Yahoo
41 minutes ago
- Yahoo
Rising concerns over U.S. move to broaden products subject to metal tariffs
TORONTO — There's growing concern about a move by the United States to make hundreds more product categories subject to the country's 50 per cent tariffs on steel and aluminum content. The addition of 407 categories, ranging from bulldozers to furniture, came into effect earlier this week to add pressure and costs to those hoping to sell into the U.S. market. Catherine Cobden, head of the Canadian Steel Producers Association says the move is another blow to the integrated Canada-U.S. economy and will impact the manufacturing of steel-containing products in Canada destined for the United States. She says products like cutlery, propane tanks, air conditioners, agricultural equipment like tractors and many more now face the additional tariffs on their metal content. Cobden says in the statement issued Thursday that Canada should retaliate with a 50 per cent tariff on all U.S. steel entering Canada, including ending an "ill-advised" April reprieve on U.S. steel used in manufacturing and processing. On Wednesday, Hamilton, Ont., mayor Andrea Horwath said Trump's latest "underhanded move to quietly expand U.S. tariffs" is devastating for the city, adding she's reached out to both the provincial and federal governments to push them to act. This report by The Canadian Press was first published Aug. 21, 2025. Ian Bickis, The Canadian Press 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
Miami Herald
43 minutes ago
- Miami Herald
Shark Tank's Kevin O'Leary delivers 5-word gut punch on housing market
Virtually everyone has an opinion on the housing market, but when Kevin O'Leary offers his take, people tend to listen. The popular investor and "Shark Tank" star just dropped a sharp take that effectively cuts through the noise and makes waves for a reason. Don't miss the move: Subscribe to TheStreet's free daily newsletter Though his views encompass home prices and interest rates, it's more about what's not happening - and why - that silence matters more than ever. For those betting on a potential recovery or waiting for relief, you'll want to hear what he said and its implications for the next six to 12 months. Image source:Kevin O'Leary, popularly known as "Mr. Wonderful," is far from being just a TV personality. The Canadian investing giant and entrepreneur burst onto the scene when he made his first fortune by co-founding SoftKey, later called The Learning Company. In 1999, he sold that company to entertainment powerhouse Mattel for roughly $4.2 billion. Today, according to recent estimates from Fortune, O'Leary's boasts a net worth that hovers around the $400 million mark. Related: Moody's chief who nailed 2007 housing bust revives recession fears Money aside, his massive influence comes from visibility on TV, online, and in deal flow. Since being part of ABC's long-running "Shark Tank," O'Leary has built a robust seed-to-growth portfolio through O'Leary Ventures. Third-party estimates show that he's thrown in north of $8.5 million across 40 different companies on the show. Some of his biggest wins include GrooveBook, which Shutterfly acquired for $14.5 million. Basepawsis another; the pet DNA startup sold to Zoetis in a deal that reportedly delivered a 20x return. O'Leary's influence clearly goes well beyond the boardroom with his "cash flow is king" deal style, helping him strike a chord with his viewers. For perspective, his combined audience is over three million on Instagram and X. Kevin O'Leary dropped a scathing take on the housing market in an X post on August 21, arguing that the housing market is essentially frozen until rates fall meaningfully. His take is supported by a ton of data showing affordability is still remarkably stretched and activity is mostly subdued. Mortgage rates are cooling, but not enough to push the needle. The 30-year average sits near 6.58%, which, despite being down from last year's highs, is still almost double what buyers paid before 2022. Related: Top tech stock analyst revamps AI 'buy' list Consequently, mortgage applications dropped 1.4% last week, and it's a big part of why June's median home price hit a record $435,300. Inventory is crawling higher, too. July's for-sale count shot up 24.8% year-over-year, but still remains 13.4% below pre-pandemic levels. Builders are feeling the heat as well, with sentiment just hitting a NAHB 32 (the worst since 2022), and two-thirds are offering incentives to move inventory. Over a third are cutting prices, a stark reality of the current sluggishness in the housing space. More News: Billionaire George Soros supercharges Nvidia stake, loads up on AI playsTesla just got its biggest break yet in the robotaxi wars with a key permitBank of America drops shocking price target on hot weight-loss stock post-earnings Moreover, a big part of the market's lackluster showing is that 81% of mortgage holders have rates under 6%, and over 50% are locked in below 4%. That's the "golden handcuffs" effect, where move-up sellers won't budge, and first-time buyers are compelled to sacrifice space in affording monthly payments. Kevin O'Leary's view is more aligned with reality than markets may want to admit. Futures are currently showing rate odds near 80% for September, though Fed officials keep signaling hesitation. Perhaps the most obvious reason for that is tariffs. With new U.S. levies now ranging from 10% to 50%, and some floated as high as 100%, it's virtually impossible for CFOs to predict pricing power or margin risk. That leaves Jerome Powell behind the 8-ball on inflation forecasts. At Jackson Hole, he's likely to double down on a "data-dependent" stance, which aligns with his five straight holds this year. Policymakers are sweating over tariff pass-through effects and whether they could reignite inflation, which makes preemptive cuts risky. Related: Figma's IPO stunned Wall Street, now a quiet $42B move hints what's next The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
