Smash Burger Restaurant Gets an Opening Date on the Las Vegas Strip
The casual, retro-style spot leans into Las Vegas's ongoing obsession with smash burgers, serving thin, lacy patties with nearly caramelized edges. The burgers are made from a blend of ground chuck and brisket, seared and topped with lettuce, tomato, and raw onion, plus a citrusy yuzu and sesame oil sauce. The anticipated restaurant will also serve chili-style hot dogs, crispy grilled cheese sandwiches, and seasoned fries tossed in furikake. For dessert, thick concretes come loaded with toppings in nostalgic flavors like Oreo and strawberry shortcake. Naughty Patty's will be open daily from 11 a.m. to 10 p.m.
Naughty Patty's. Janna Karel
Dave's Hot Chicken Opens at the Airport
Travelers flying out of Harry Reid International Airport's Terminal D — like those on American, Delta, and Frontier — can soon grab spicy sandwiches before takeoff. Dave's Hot Chicken opens its first airport location on Friday, July 18, debuting a breakfast menu for the first time. Offerings will include hot chicken and waffles, breakfast sliders with eggs, and burritos stuffed with hot chicken and hashbrowns.
LA Rice Bowl Restaurant Opens Another Vegas Location
Los Angeles-based rice bowl chain, WaBa Grill, opened another Southern Nevada location on Monday, July 14, at 7060 South Durango Drive #115 near West Warm Springs Road. Menu items include chicken rice bowls, salmon with steamed vegetables, shrimp tacos, and dumplings.
Superior Grocers Opens Another Las Vegas Location
It's been a banner year for regional grocers in Las Vegas. Following the recent arrivals of H-Mart and Aldi, Southern California-based Superior Grocers will open its second local store on Wednesday, July 23, at 390 South Decatur Boulevard, near West Charleston.
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New York Post
12 minutes ago
- New York Post
Trump ‘really likes' TikTok— but admin warns Chinese ownership not acceptable as dead deadline looms
President Trump likes TikTok but the Chinese-owned short video app, used by some 170 million Americans, has to move to US ownership, Secretary of Commerce Howard Lutnick said on Sunday. 'The President really likes TikTok, and he said it over and over again, because, you know, it was a good way to communicate with young people,' Lutnick said in an interview on Fox News Sunday with Shannon Bream. 'But let's face it, you can't have the Chinese have an app on 100 million American phones, that is just not okay. So, it's got to move to American ownership, it's got to move to American technology, American algorithms,' he said. 'I know the President is positive towards TikTok, if it can move into American hands.' Advertisement 3 Commerce Secretary Howard Lutnick said Sunday that President Trump likes TikTok because 'it was a good way to communicate with young people.: FOX NEWS Lutnick's comments follow his warning last week that TikTok will have to stop operating in the U.S. if China does not approve a deal for the app. He told CNBC on Thursday that US must control the algorithm that makes the social media platform work. Advertisement TikTok parent ByteDance has a Sept. 17 deadline to divest the platform's US assets. Last month, President Trump extended by 90 days to Sept. 17, a deadline for China-based ByteDance to divest the US assets of TikTok. Trump's action took place despite a 2024 law that mandated a sale or shutdown by Jan. 19 of this year if there had not been significant progress. 3 President Trump has set a Sept. 17 deadline for Chinese firm ByteDance to divest TikTok's US assets. Getty Images 'China can have a little piece or ByteDance, the current owner, can keep a little piece. But basically, Americans will have control. Americans will own the technology, and Americans will control the algorithm,' Lutnick said. Advertisement 'If that deal gets approved, by the Chinese, then that deal will happen,' he added. 'If they don't approve it, then TikTok is going to go dark, and those decisions are coming very soon.' 3 A deal that was in the works this spring that would spin off TikTok's US operations into a new US-based firm stalled. Chidori_B – A deal had been in the works this spring that would spin off TikTok's US operations into a new US-based firm, majority-owned and operated by US investors. This stalled after China indicated it would not approve it following Trump's announcements of steep tariffs on Chinese goods. Trump has three times granted reprieves from federal enforcement of the law that mandated the sale or shutdown of TikTok that was supposed to take effect in January.
Yahoo
42 minutes ago
- Yahoo
Is California Resource Company's 10% FCF Yield a Bargain or a Warning Sign?
When I evaluate a company, I don't think in terms of stock charts, quarterly earnings beats, or Wall Street narratives. I think about businesses. Specifically: Would I want to own 100% of this company at this price and hold it for the next 5-10 years? In that spirit, let's take a closer look at California Resources Corporation (CRC). It's an upstream oil and gas company operating in one of the most misunderstood marketsCalifornia. On the surface, this company produces oil. But beneath that, there's something else: a deeply undervalued asset base, durable cash flows, and an intriguing second enginecarbon capture and storagethat just might turn CRC into a long-term compounder hiding in plain sight. Warning! GuruFocus has detected 6 Warning Sign with LNG. CRC is not your typical shale operator. It holds long-life, conventional oil fields in the San Joaquin and Los Angeles Basins, including names like Elk Hills and Kern Front. These aren't high-decline, capital-hungry assets. 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But the best evidence of management quality comes from how they treat shareholders. In Q1 2025 alone, CRC returned $258 million via dividends and share buybacks. That's over 6% of its market cap in just one quarter. In full-year 2024, around 85% of free cash flow was returned to shareholders. They're not trying to become Exxon or drill in far-flung frontiers. They're doing what I wish more public companies would do: generate surplus cash and give it back to the owners. If I can buy a dollar for fifty centsand the dollar is growingthat's a business I want to own. CRC generated around $355 million in free cash flow in 2024, and added another $131 million in Q1 2025, bringing its trailing 12-month free cash flow to over $450 million. Right now, its market capitalisation sits at roughly $4.2 billion. 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If Carbon TerraVault becomes even a moderately successful carbon sequestration platform, that's hundreds of millions in future earnings being given away for free today. When insiders and seasoned investors make moves, I pay attention. James Chapman, the company's director, has been quietly increasing his stake. And he's not the only one leaning in. Howard Marks (Trades, Portfolio)' Oaktree Capital may have trimmed its stake, but still holds 1.38 million shareshardly a vote of no confidence. Jeremy Grantham (Trades, Portfolio) boosted his position by nearly 38%, now holding 1.22 million shares. Ken Griffin's Citadel ramped up its stake by over 90%, now sitting on 1.16 million shares. And Renaissance Technologies (Trades, Portfolio)? They more than doubled downraising their position by over 185% to more than 590,000 shares. The signal is clear: CRC isn't just cheap. It's attracting the kind of capital that tends to be earlyand usually right. Many investors avoid CRC for one reason: it operates in California. The Golden State's regulatory environment is tough on oil producers. Permitting is slow. Environmental opposition is fierce. And long-term state policy is tilted toward renewables. This California discount is realand it's precisely why CRC trades so cheaply relative to its assets. But what if that discount is backward-looking? CRC already operates under the strictest oil rules in the countryand still generates 10%+ free cash flow. Its assets are permitted. Its reservoirs are mature. It doesn't need to grow production. In fact, it's better off not growing, just maintaining stable output and maximizing returns. Ironically, California's aggressive climate stance may become a tailwind for CRC's carbon capture business. The same regulatory system that makes drilling difficult also supports carbon sequestration. With 45Q credits, state incentives, and access to industrial CO? emitters, CRC could end up being one of the most profitable climate infrastructure plays in the countryhidden inside an oil company. Of course, CRC isn't without risk. Oil prices are volatile, and CRC's earnings are sensitive to Brent crude. If prices fall to $50 or below, cash flows will compress. That's the nature of a commodity business. And while the CCS business is promising, it's still early. There's execution risk, regulatory complexity, and market uncertainty. Not every CCS project will succeedor scale profitably. But here's where CRC is different from speculative startups or over-leveraged E&Ps: even without CCS, it's a healthy business. Its existing oil fields, infrastructure, and free cash flow give investors a solid floor. The upside from CCS is just thatupside. The best use of capital is to reinvest at high rates of return. But if you can't do that, you should return it to shareholders. CRC appears to be doing both. It continues to invest modestly in CCS and other internal improvementsprojects with a clear path to economic return. At the same time, it is aggressively returning capital through buybacks and dividends. Unlike many in its industry, it's not chasing growth for growth's sake. That's rare. With net debt only $882 million and operating cash flows more than covering capex and dividends, this is a self-funding business that doesn't rely on capital markets or leverage to survive. That's a trait I value deeply. Let's put it all together. If I could buy CRC for $4 billion, I'd be acquiring: Nearly $9 billion in PV-10 value of proved reserves (even more if oil prices stay strong). A carbon storage platform with substantial optionality and favorable federal tax incentives. A vertically integrated infrastructure network that lowers operating costs. A management team that acts like owners and returns cash instead of hoarding it. Even with conservative assumptionshaircutting reserve values and assuming zero value for CCSCRC still looks like a business selling at a 3040% discount to intrinsic value. Add in the fact that shareholders are being paid over 10% annually in cash while they wait, and it's hard not to see the appeal. Warren Buffett (Trades, Portfolio) once said: Price is what you pay, value is what you get. In CRC's case, the price is modest. The value is real. And the optionality is free. This article first appeared on GuruFocus. 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
New York Post
2 hours 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.
