Two more banks join Home Affairs branch blitz for IDs and passports
Be among those who shape the future with knowledge. Uncover exclusive stories that captivate your mind and heart with our FREE 14-day subscription trial. Dive into a world of inspiration, learning, and empowerment. You can only trial once.
Show Comments ()
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
26 minutes ago
- Associated Press
FanDuel Announces Market Access Agreement with St. Louis CITY SC Ahead of Upcoming Missouri Launch
NEW YORK, Aug. 15, 2025 /PRNewswire/ -- FanDuel, North America's premier online gaming company, today announced a new market access agreement with St. Louis CITY SC. The partnership comes ahead of the launch of mobile sports betting in Missouri. 'Missouri is home to some of the most passionate sports fans in the country, and we are thrilled to partner with St. Louis CITY SC to introduce our industry leading product to the Show Me State,' said Mike Raffensperger, President, Sports at FanDuel. 'We look forward to supporting the team and engaging with the community as we bring America's #1 Sportsbook to fans across Missouri.' Upon launch, Missouri will become the 25th state or territory where FanDuel offers mobile sports betting, joining Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Puerto Rico, Tennessee, Vermont, Virginia, Washington, D.C., West Virginia and Wyoming. About FanDuel Group FanDuel Group is the premier mobile gaming company in the United States. FanDuel Group consists of a portfolio of leading brands across mobile wagering including, America's #1 Sportsbook FanDuel Sportsbook, its leading iGaming platform FanDuel Casino, the industry's unquestioned leader in horse racing and advance-deposit wagering, FanDuel Racing and its daily fantasy sports product. In addition, FanDuel Group operates FanDuel TV, its broadly distributed linear cable television network and FanDuel TV+, its leading direct-to-consumer OTT platform. FanDuel Group has a presence across all 50 states with approximately 17 million customers and 25 retail locations. The company is based in New York with offices in Los Angeles, Atlanta and Jersey City, as well as in Canada, Scotland, Ireland, Portugal, Romania and Australia. FanDuel Group is a subsidiary of Flutter Entertainment, the world's largest sports betting and gaming operator with a portfolio of globally recognized brands and traded on the New York Stock Exchange (NYSE: FLUT). Media Contact: [email protected] View original content to download multimedia: SOURCE FanDuel Group
Yahoo
an hour ago
- Yahoo
Ulta Beauty, Target Ending Shop-in-shop Partnership by 2026
It's over. After months of speculation, Ulta Beauty and Target Corp. are breaking up. More from WWD Ulta Beauty CEO Kecia Steelman Named to Breast Cancer Research Foundation Board EXCLUSIVE: Gwyneth Paltrow's Goop Doubles Down on Beauty, Expands Into Ulta Stores Nationwide EXCLUSIVE: Lili Reinhart's Skin Care Brand Personal Day Set to Enter Ulta Beauty, Marking Its Inaugural Move Into Retail The two publicly listed companies said they have mutually agreed not to renew the Ulta Beauty at Target shop-in-shop partnership when the current agreement concludes in August 2026. Until then, the Ulta Beauty at Target experience will continue in Target stores and on The shop-in-shop debuted in 2021 to much fanfare, but it has struggled in recent years with intense competition from Sephora's partnership with Kohl's and more recently Amazon's push into prestige beauty. In its most recent earnings call, Kohl's said it will continue to invest in Sephora, a key growth category for the retailer, opening 105 Sephora small format shops in the spring, which completes the full chain rollout of Sephora at Kohl's. 'Sephora has been a huge success for Kohl's, and in just four years, we successfully launched over 1,100 Sephora at Kohl's shops and built nearly a $2 billion beauty business. In Q1, Sephora delivered another quarter of positive sales, with net sales up 6 percent and comparable sales up 1 percent,' said Jill Timm, Kohl's chief financial officer, in a May earnings call. While Kecia Steelman, Ulta Beauty's chief executive officer and president, has been less vocal regarding the competition, her predecessor Dave Kimbell had described it as fierce. 'There have been more than a thousand new points of distribution in prestige…so the competitive environment continues to intensify,' Kimbell said last year. 'I've been with this company for 10 years. I've seen a lot of different versions of competition and it's always been competitive. But there's certainly some dynamics going on right now that are somewhat unique.' The Ulta shop had expanded to 610 Target stores, each occupying approximately 1,000 square feet. Ulta and Target were planning on around 800, but earlier this year they hit pause and ultimately decided to end the partnership. 'Our partnership with Target was one of many unique ways we have brought the power of beauty to guests nationwide,' said Amiee Bayer-Thomas, chief retail officer at Ulta Beauty. 'As we continue to execute our Ulta Beauty Unleashed plans, we're confident our wide-ranging assortment, expert services and inspiring in-store experiences will reinforce our leadership in beauty and define the next chapter of our brand.' 'We're proud of our shared success with Ulta Beauty and the experience we've delivered together,' added Rick Gomez, executive vice president and chief commercial officer of Target. 'We look forward to what's ahead and remain committed to offering the beauty experience consumers have come to expect from Target — one centered on an exciting mix of beauty brands with continuous newness, all at an unbeatable value.' Ashley Helgans, an analyst at Jefferies, said while not a major financial driver for Ulta, the collaboration helped margins and brand reach. She believes Ulta will refocus on broader brand strategy, including digital and international initiatives. Indeed, Ulta will be launching an online marketplace later this year, after acquiring British beauty retailer Space NK. It is also bringing Ulta to Mexico and the Middle East later this year. As for Target, it's been a trying time for the retailer, which has seen its stock drop by more than 24 percent over the last five years and is due for leadership change. Brian Cornell, who has led the retailer as CEO for 11 years, committed in September 2022 to stay at the helm for 'approximately three more years,' putting him on track to leave soon. CEO switch overs all spur change and can bring their own complications, especially for a business as large as Target. During his tenure, Cornell has been busy, ramping up same-day delivery at Target and linking up with big names through the Ulta push and other brand hook ups, like the one that brought Levi's famed 501 jeans to its stores. He also navigated the chain through the pandemic, but has been caught up in some culture war disputes — from the Pride Month apparel that was pulled after some pushback to the decision to pivot away from diversity, equity and inclusion initiatives in favor of a 'belonging' strategy. Along the way, the business wavered and the much larger Amazon and Walmart gained ground. Target's comparable sales shrank by 3.7 percent in 2023 and bounced back only somewhat last year with a 0.1 percent gain before falling again in the first quarter. Beauty has been a relative bright spot, with the category's total sales rising 5.1 percent to $13.2 billion last year. In March, Gomez told investors that Target's beauty business had nearly doubled since 2019. 'Amazing in-store presentation and a great digital experience, our partnership with Ulta Beauty and our assortment that includes some of the leading brands in the industry have combined to make Target an undisputed beauty destination,' Gomez said. 'We are not resting on our laurels. That's why we just announced the addition of 2,000 new products to our assortment, 90 percent of which will be priced under $20. That includes an expansion in our offering in brands like EOS, Knicks, Native, Elodea, Camille Rose, and the addition of nearly 50 new brands like Bubble and Days, plus more newness within Ulta Beauty at Target to further cement Target status as a go-to for all things beauty.' The Ulta-shaped hole in Target's beauty department now has the retailer shaking up another part of its business in a world that's already moving faster by the day — from the latest tariff news to fresh worries over consumer economics. Jefferies' Helgans predicted that Target's focus on beauty could make it a big rival to Ulta. 'Many of the brands featured within the shop and shop are sold on Amazon, and Ulta has noted brands with increasing points of distribution. We see the possibility of Target becoming a greater competitor to Ulta as they continue to build out and improve their own beauty assortment, and currently have a 74 percent store overlap. We believe that Target has been able to leverage its learnings from the Ulta partnership to enhance its beauty offering across its fleet, not just stores with Ulta.' Best of WWD Which Celebrity Brands Are Next for a Major Deal? Lady Gaga, Beyonce and More Possible Contenders for the Next Corporate Prize The Best Makeup Looks in Golden Globes History A Look Back at Golden Globes Best Makeup on the Red Carpet, From Megan Fox to Sophia Loren [PHOTOS]
Yahoo
an hour ago
- Yahoo
Understanding CD renewal: Should you roll over a maturing CD?
When your certificate of deposit (CD) matures, you have several options for what to do next. If you want the money back, you can withdraw it or transfer it to a bank account. However, if you don't need the funds in the short term, you can roll over or "renew" your CD, meaning you put the money directly into a new CD. Most banks will automatically renew your CD within 10 days after it matures, unless you specifically tell them not to. Just keep in mind that when they do this, you might have a lower interest rate than you did on the original CD. This embedded content is not available in your region. What does it mean to renew (roll over) a CD? When it comes to CDs, rolling over or renewing means you take money from a matured CD and put it directly into a new one with the same bank at the same term. If your CD matures, and you don't do anything with the money, the bank will likely renew your CD automatically. Here are a few things you need to know about automatic CD renewal: The interest rate on the new CD will likely be lower if overall CD rates have dropped. Your new CD rate will be locked in on the date your old CD matures. Your new account will usually have the same CD term, meaning the same length of time to maturity. Early withdrawal penalties will apply to the new CD. If the bank does not automatically renew your CD, you can choose to renew it manually. When you go this route, make sure to start by reviewing the CDs and rates that are currently available. Then you can follow the bank's instructions to choose a CD and the amount you want to deposit. Understanding CD renewal grace periods For anyone who wants to invest in a CD, it's crucial to be aware of the CD grace period. This is the period of time between when a CD matures and when the bank automatically rolls the money into a new CD (usually, seven to 10 calendar days — not business days). During the grace period, you no longer have to worry about early withdrawal penalties, so you can withdraw or transfer your full deposit without fees. Here are all of your options during the grace period: Close the CD and withdraw or transfer all of the money Withdraw a portion of the money and let the rest roll over Add more money to your CD Move your money to a different CD Since grace periods are fairly short, we recommend marking your CD maturity date on your calendar, so you don't miss your opportunity to move your money. Up Next Up Next What if I don't want to renew my CD? If you don't want to renew your CD, you can either move your money during the grace period or inform the bank of your preference in advance before the CD matures. Depending on the bank, your window of time to submit an advance request could be anywhere from 30 days to a year before your CD matures. Just know that some banks make it less-than-convenient to make a withdrawal from your CD at maturity. For example, with TD Bank, you have to visit a bank branch to make a withdrawal. If you bank with Ally, they'll send you a check. Alternatively, you can transfer the money to another bank account. Alternatives to renewing a CD It's easy to let the bank automatically renew your CD, since no action is usually required. But it might not be the best move. Here are some alternatives that could better fit your financial situation: Withdraw the money: If you want to use the funds for a specific financial goal, such as paying off high-interest debt or saving more for retirement, you can withdraw the funds. Transfer it to a bank account: If you need the money for day-to-day spending, transfer it to a checking account. If you don't need it in the next few months, consider moving it to an account that earns more interest, like a high-yield savings account (HYSA). Move it to a better CD: Before renewing, you should always check out the CD market and see if better rates are available. To capitalize on the best CD rates at the moment, you might have to move your money to a different bank. Read more: How to switch banks: An easy step-by-step guide CD renewal FAQs Will my bank automatically renew my CDs? Most banks automatically renew CDs, but you can look at your account agreement to find out for sure. You usually receive this document when you open a CD, but if you don't have it handy, check the "Legal Agreements" or "Statements & Documents" section in your online banking account. How can I find my CD maturity date? You can usually find your CD maturity date by logging into your CD account and looking at the account details or account summary page. Some banks will also send you a notification at least 30 days before your CD matures. Can I avoid taxes by renewing my CD? Renewing a CD won't help you avoid taxes on CD interest. Generally, if your account earns more than $10 in interest in a year, you have to report the earnings as income to the IRS via a 1099-INT form.
