NJ and NYC Expect $3.3 Billion Boost From Hosting World Cup
The region will host eight matches at Metlife Stadium in New Jersey, including the final on July 19, 2026, expecting to bring in over 1.2 million fans and tourists, according to an economic impact summary released Monday by the NYNJ Host Committee, the local body responsible for organizing the games.
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LKQ Shares Crash To 52-Week Low On Slashed Outlook
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'We stand on what I said': Why FSU QB's shots at Alabama are exactly what the Noles need right now
The opposite of love isn't hate, it's indifference. The worst way to hurt your rival isn't by showering hate on them, but by dismissing and disregarding them. What's worse than being hated? Being forgotten. Not so long ago, Florida State inspired fear and dread, those war drums heralding one of your season's worst beatdowns. But last season, the Noles morphed from terror into terrier, plummeting from a preseason top-10 ranking into the depths of a two-win nightmare. Advertisement It's tough to overstate the cascade of horrors that was Florida State's 2024 season. The Noles went 1-7 in conference play, their only win a grimy 14-9 survival against Cal. Their 2-10 record wasn't just their worst record as a school since 1974, it marked the first time in college football history that a program ranked in the preseason top 10 posted double-digit losses. The Seminoles' two primary rivals, Miami and Florida, more than doubled up Florida State, winning by a combined score of 67-25. The only player on the team to win a consensus All-American? Punter Alex Mastromanno. (He had plenty of opportunities to burnish his resume.) The Noles never really recovered from missing out on the final four-team playoff even after posting an undefeated 2023 season, watching in shock as Alabama jumped them for the final spot. Head coach Mike Norvell kept his job, likely thanks to the $65 million buyout provision he secured after Nick Saban's retirement, but most of FSU's top coordinators lost theirs. The one-year DJ Uiagalelei rental proved ineffective; injuries limited him to five games, and he lost four of those. Advertisement So Florida State has cleared the board. New coordinators, new quarterback, new season, new round of hopes and prayers. And they're flying into their season-opening matchup with teeth bared and knives out, exactly the way they ought to. New quarterback Tommy Castellanos struck the first spark back in June when he told On3 that he was stoked to face Alabama in the season opener. "I dreamed of moments like this," Castellanos said. "I dreamed of playing against Alabama. They don't have Nick Saban to save them. I just don't see them stopping me." Yes. Yes. That's the good stuff there. Anything to light a fire under the moribund, 15.6-points-per-game Seminoles, a team that seemed to just give up before October last year. Plus, Alabama is a prime target for this sort of jab; outside of Florida State, the Tide have more to prove in Year 2 of the Kalen DeBoer Era than almost any other program in the country. New Florida State quarterback Tommy Castellanos speaks during the ACC Football Kickoff. () (Matt Kelley via Getty Images) This week at ACC Kickoff , Castellanos — who transferred to Florida State after losing his starting job at Boston College — was asked about his Alabama comments. He politely but firmly doubled down. Advertisement 'We stand on what I said,' Castellanos said. 'But there's no disrespect between that team or anything like that. It's just the confidence that I have in my teammates and the way we've been preparing and putting this preparation together this offseason. I just feel confident in the guys and the work that we've been putting in.' At the ACC Kickoff, Norvell backed Castellanos, noting that words alone won't get the job done. 'We're not here to try to speak ourselves into a victory. We're trying to go earn a victory. You better show up every single day, and let's go be what we're capable of being,' he said. 'If we'll do that, the rest will take care of itself." Naturally, Alabama has responded to Castellanos' comments, largely by dismissing them as irrelevant summertime speak. But defensive lineman Tim Keenan III did offer up an ominous warning at SEC Media Days last week: 'The disrespect will be addressed.' Still, this is exactly what Castellanos and Florida State ought to be doing. It's the equivalent of pushing all-in with the smallest stack at the table. Chances are you're going to get whomped — Alabama is a 13.5-point favorite right now, per BetMGM — but hey, stack a couple wins here and there and before long you're back in the game. Advertisement "This is the old Florida State," Castellanos said this week . 'This is how grimy and tough we were. We wasn't scared of nobody. We were already talking smack and always putting fear in people's hearts. I just want to re-install what Florida State used to be and bring that standing and confidence and making people fear us." Nobody fears Florida State yet. But if Castellanos, Norvell and new offensive coordinator Gus Malzahn can back up their attitude and their potential with a bit of fight, well … things can change fast in Tallahassee. Between Texas-Ohio State and LSU-Clemson, August 30 will be one of the finest football Saturdays of the year. Alabama-FSU falls right between those two, and it too will be a must-watch — which isn't something you could say about Florida State for quite awhile now.
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Chipotle reports lower profit in Q2 2025
Chipotle Mexican Grill has reported a net income of $436.1m, or $0.32 per diluted share, for the second quarter (Q2) of 2025, ended 30 June - a slight decrease from $455.7m, or $0.33 per diluted share, in the previous year. The Q2 results revealed a mixed performance with increased total revenue but decreased comparable restaurant sales and operating margins. The company's total revenue saw a 3% rise to $3.1bn, driven by new restaurant openings, yet comparable restaurant sales fell 4%. Operating margin decreased to 18.2% from 19.7% and restaurant-level operating margin declined to 27.4% from 28.9%. Despite the downturn in some areas, Chipotle continued its expansion by opening 61 new company-owned restaurants, with 47 featuring the Chipotlane drive-through facility. Digital sales accounted for 35.5% of total food and beverage revenue. Adjusted net income also saw a marginal decline to $450.4m, or $0.33 per adjusted diluted share, compared to $463.0m, or $0.34 per adjusted diluted share, in Q2 2024. The brand's stock repurchase programme remained active, with $435.9m worth of stock bought back at an average price of $50.16 per share. As of the end of the quarter, Chipotle had $838.8m available for further repurchases, bolstered by an additional $400m authorised by the board on 10 June 2025. Cost efficiencies in food, beverage and packaging, which fell to 28.9% of total revenue, were offset by inflation in ingredient costs, particularly for steak and chicken. Labour expenses rose to 24.7% of total revenue, attributed to lower sales volumes despite the benefits of previous menu price increases and efficient labour management. General and administrative expenses decreased to $172.2m, largely due to reduced performance bonuses and stock-based compensation. On a non-generally accepted accounting principles (GAAP) basis, general and administrative expenses for Q2 2025 were $159.9m, against $171.3m in the previous quarter. The effective income tax rate also saw a slight reduction to 24.5%, driven by lower non-deductible expenses. Looking ahead to the full year 2025, management expects comparable restaurant sales to remain flat and plans to open between 315 and 345 new company-owned restaurants, with more than 80% featuring a Chipotlane. The anticipated underlying effective full-year tax rate is estimated to be between 25% and 27% before discrete items. For Q1 (ended 31 March 2025), Chipotle reported a 6.4% increase in revenue to $2.9bn, compared with $2.7bn posted in the same period of the previous year. "Chipotle reports lower profit in Q2 2025" was originally created and published by Verdict Food Service, a GlobalData owned brand.
