Schwab Rises After Announcing $20 Billion Share Buyback Program
The Westlake, Texas-based firm said the program replaces a prior authorization which had about $6.9 billion of repurchases remaining, according to a statement Thursday. The new program authorizes the repurchase of $20 billion in common stock though the firm didn't give a timeline for the buybacks.
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New York Post
3 minutes ago
- New York Post
Why top NYC restaurants are bringing in famed chefs from around the world
Top New York City restaurants are increasingly turning to collaborations with renowned chefs from around the globe to boost business and stand out from high-end rivals, Side Dish has learned. The collabs, while not a new phenomenon, have taken on added importance as President Trump's tariffs create challenges for chefs to source some of their favorite ingredients. However, importing talent from all corners of the globe – which at popular Tribeca haunt l'abeille means bringing in chefs from England, France, Belgium, Japan, Hong Kong and Thailand – remains tax-free. 7 l'abeille in Tribeca is importing talent from all corners of the globe. Eric Vitale Photography 'Global residences help everyone grow and learn — from the guests to the staff. They keep the restaurant interesting,' said Howard Chang, co-owner of Kuma Hospitality Group's l'abeille with partners Rahul Saito and executive chef Mitsunobu Nagae. The dinners these top chefs serve up at ticketed events aren't cheap. At a recent, prix-fixe collab dinner at l'abeille, Nagae worked with London-based chef Chet Sharma, who studied physics at Oxford and now helms the standout Indian-themed restaurant BiBi in London's swanky Mayfair neighborhood. The meal cost $325, with an additional $295 for wine pairings. The exclusive events, however, often don't bring in more money than regular a la carte dinners, restaurateurs told Side Dish. That's because the higher prices are offset by the cost of flying in the foreign-based chefs, along with some of their team members, and putting them all up in hotels. 7 Chet Sharma, left, and Mitsunobu Nagae collaborated on a prix-fixe dinner. Eric Vitale Photography 7 The collabs, while not a new phenomenon, have taken on added importance as President Trump's tariffs create challenges for chefs to source some of their favorite ingredients. Eric Vitale Photography The upside, they say, is that global collabs raise the restaurants' profiles, bring in new diners and offer educational benefits for staff. On the Upper East Side, Sushi Noz's executive chef Nozomu Abe is bringing in Michelin-starred Chef Endo Kazutoshi, a third-generation sushi master who trained in Japan before opening his namesake restaurant, Endo, at the Rotunda in London. 7 At Sushi Noz on the Upper East Side, executive chef Nozomu Abe, left, is bringing in Michelin-starred Chef Endo Kazutoshi. Hannah Wyatt Last week, the pair offered a rare collaborative omakase where they presented their culinary visions through the use of local fish and other influences. 'We started the Japan series in 2019,' said Hannah Wyatt, Sushi Noz's operations manager. 'Our goal was to showcase top chefs from Japan through collaborative dinners with chef Noz, with a focus on sushi and kaiseki chefs at the top of their respective fields.' In Williamsburg, Brooklyn, the owners of Layla's began bringing in chefs during COVID and continue to have pop-ups for 'brand exposure.' 7 The dinners these top chefs serve up at ticketed events aren't cheap. Eric Vitale Photography 7 The exclusive events, however, often don't bring in more money than regular a la carte dinners, restaurateurs told Side Dish. Eric Vitale Photography The most recent international collab involved chef Kyle Garry and chef Whyte Rushen of Whyte's in London, who is now on a 'worldwide' tour. 'We did it once, and it was really successful and fun and now it's something we try to do as often as we can,' Samuel Lynch, one of Layla's co-owners along with Stefano D'Orsogna and David Lacey, told Side Dish. The trend has even extended to the Hamptons, where Mavericks Montauk will welcome the crew from Michelin-starred Parisian restaurant Contraste on July 31. 7 The upside, they say, is that global collabs raise the restaurants' profiles, bring in new diners and offer educational benefits for staff. Interior of l'abeille, above. Eric Vitale Photography The collaboration was made possible by the deep-rooted friendship between Mavericks' pastry chef Remy Ertaud and Contraste's Louis De Vicari. We hear … that celeb chef Scott Conant is opening a posh new Italian restaurant, Leola, in the Bahamas at Baha Mar this fall. Leola will be on the casino level of Grand Hyatt Baha Mar, joining hotspots including Jon Batiste's Jazz Club, Marcus Samuelsson's Marcus at Baha Mar Fish + Chop House, Daniel Boulud's Cafe Boulud, and Dario Cecchini's Carna. The 8,800 square foot space comes with 106 seats in the main dining room and 130 seats outside. 'Bringing Leola to life at Baha Mar is something I've dreamed about for a long time,' Conant said. 'I've always been inspired by the beauty and spirit of the Bahamas, and it felt like the perfect place to create a restaurant that's both personal and inviting. With Leola, we're blending the kind of food and hospitality I love—warm, soulful, and rooted in connection.' Conant will also participate in the Fourth Annual Bahamas Culinary & Arts Festival, which runs from Oct. 22-26.
Axios
an hour ago
- Axios
Exclusive: Embedded tax startup April raises $38M
April, an embedded tax platform, has raised $38 million in a Series B round led by QED Investors, founder Ben Borodach tells Axios exclusively. Why it matters: Embedding tax tools directly into financial apps can improve financial decision-making and boost customer retention. Zoom in: Nyca Partners and Team8 also participated in the Series B round, bringing the total funding April has raised to date to $78 million. How it works: Fintech apps and financial institutions use April's APIs to integrate tax filing and planning directly into their platforms, enabling year-round, real-time tax management. April operates on a SaaS-based model, offering flat-rate pricing to fintech partners, who can choose to mark up services for their end customers. "Our vision is to embed tax in every financial decision," Borodach says. "Taxes should be happening where you're managing your money. They should be happening in real time, and they should be personalized to you." Context: New York-based April operates in a market dominated by legacy tax-preparation giants like Intuit, H&R Block, Thomson Reuters, and Wolters Kluwer. But it recently became the first new company in 15 years to achieve national e-file coverage in all 50 states, Borodach says. The company has also launched a series of new products over the past year, including pro-assisted and pro-led tax filing, quarterly estimate tools for small business owners, and paycheck withholding optimizers. As a result, it is seeing increased demand from wealth management platforms, including integrations with digital advisers catering to mass-affluent clients and an upcoming partnership with a trillion-dollar asset manager. By the numbers: April claims it can reduce the time it takes to prepare and file taxes from the IRS' reported 13‑hour average down to just 22 minutes. The company processed hundreds of thousands of returns through partnerships with over 50 fintech apps and financial institutions this past tax season. It has seen its business grow three times year-to-date and more than seven times over the past 12 months, Borodach says. What's next: The company is preparing to launch advanced tax planning tools around capital gains, retirement planning, and stock transactions.
Yahoo
4 hours ago
- Yahoo
Tesla fans want in on the latest exclusive club: Robotaxi access
Access to Tesla's robotaxi service is limited to invites only. Some of the invites have gone to Tesla influencers with large online followings. Tesla investors told Business Insider that Robotaxi represents a pivotal moment for the company. There's a new hot ticket in Tesla fandom, and there's no surefire way of getting it: access to the company's autonomous ride-hailing service, Robotaxi. At the end of June, Tesla deployed a pilot launch of the much-anticipated robotaxi platform in Austin. The service started small, with about 10 to 20 Model Ys. A safety monitor sits in the front passenger seat, and a geofence initially covered about 30 square miles of the city. Though people in Austin can already try a robotaxi with Alphabet's Waymo on the Uber app, that hasn't stopped some of the lucky few who snagged access to Robotaxi from traveling more than a thousand miles just to experience Tesla's service. "I did about seven rides," John Stringer, a San Francisco Bay Area resident and founder of Tesla Owners of Silicon Valley, told Business Insider. "I was [in Austin] for like 48 hours." Stringer told BI that he experienced Robotaxi on the first day of its launch about a month ago. He said he did a ride-along with other Tesla influencers who received Day One access. About a week later, Stringer said he also received an invite. "I was just speechless," he said of his experience. "Not that I teared up or anything. I've been following Tesla hardcore for seven years, and it's just a big moment." On X, Tesla influencers and fans with large followings proudly announced their invitations on the social media platform, almost like a rite of passage. Posts are often accompanied by a screenshot of the email, proving its authenticity. "You're Invited to Early Access to Tesla Robotaxi!" the subject line reads. Though some Tesla fans who received an invite have made it a point to avoid speaking to reporters, Business Insider was able to try Robotaxi through a local Austin resident who invests in Tesla and received early access. BI previously reported that the rides were mostly smooth but encountered three disengagements, or moments when a remote Tesla rider support agent had to address an issue. A 'big moment' for owners and investors On Friday evening, hundreds of Tesla owners and fans gathered at the San Mateo County Event Center, 20 miles south of San Francisco, for a two-day festival dedicated to "Tesla, EVs, and SpaceX enthusiasts." Stringer's club organized the event. With rows of Tesla sedans and Cybertrucks parked in unison, the empty lot of the center began to look like a Tesla dealership. Starman, the astronaut dummy SpaceX launched into space in 2018, floated above the cars. "If you've been a Tesla owner and investor, this is a big moment," Stringer said of Robotaxi's arrival. "This is the moment where it's no longer Amazon bookstore. This is like the Tesla car company going fully autonomous." For Stringer and other Tesla fans who spoke with BI, the arrival of Robotaxi almost represents a vindication of their choice to believe in a company that has faced near bankruptcy and is, in their view, a constant target of negative media headlines. "I think the mainstream media is so skewed toward any news about Tesla," Rhajib Bhakat, a San Francisco-based engineer and Tesla investor, said. "For somebody who is not experiencing [Tesla] on a day-to-day basis, they have no way of knowing: Is he right? Or are these Tesla fanboys? How do you evaluate it?" "If I'm an investor, I would want to understand where this industry is headed. Am I putting my money in the right place?" Bhakat continued, "So the only way to experience it, for me, is to try it out." Read the original article on Business Insider
