logo
Fillmore Jazz Festival back on after crypto billionaire steps in to help

Fillmore Jazz Festival back on after crypto billionaire steps in to help

Yahoo07-04-2025

SAN FRANCISCO (KRON) — First it was off, now it's on again. The 2025 Fillmore Jazz Festival will take place as planned after a crypto billionaire philanthropist came to the long-running festival's aid.
Last week, festival organizers announced the festival was canceled this year due to financial reasons. According to festival organizers, city fees, talent, security, medical support, staffing and city-mandated standard operating procedures pushed the event's budget to well over $500,000.
Zara to open flagship store in SF's Union Square, mayor says
The festival, which is held for two days over Fourth of July weekend, was effectively on hold until 2026 as of last week. However, following news of the cancellation, Timothy Made' Omi, president of the Fillmore Merchant Association, said he was contacted by a representative of Chris Larsen and Avenue Greenlight. Larsen, founder of the crypto company Ripple, 'generously stepped in to offer the financial support' needed to bring the festival back, Omi said.
'I am thrilled to announce that the 2025 Fillmore Jazz Festival is officially back on and will take place July 5th and 6th,' Omi said.
While festival organizers say that support from Larsen and Avenue Greenlight will be enough to produce this year's festival, they are still seeking support to maintain it over the long term. A GoFundMe has been launched to keep the Fillmore Jazz Festival Alive.
Through the nonprofit, Avenue Greenlight, Larsen has previously donated $2 million to support San Francisco's struggling retail districts.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trending tickers: Intel, Tesla, GameStop, Inditex and Prudential
Trending tickers: Intel, Tesla, GameStop, Inditex and Prudential

Yahoo

time3 hours ago

  • Yahoo

Trending tickers: Intel, Tesla, GameStop, Inditex and Prudential

Shares in Intel (INTC) surged nearly 8% on Tuesday, amid hopes of easing restrictions on US chip exports to China. Following talks in London, US and Chinese negotiators announced overnight that they had agreed on a framework to restore their trade truce. There are hopes that a de-escalation in trade tensions, would lead to Washington easing curbs on US exports of semiconductors to China. Read more: Spending review: Rachel Reeves unveils more funding for schools, NHS and defence Ahead of the meeting, Kevin Hassett, director of the White House National Economic Council, told CNBC on Monday: "Our expectation is that ... immediately after the handshake, any export controls from the US will be eased, and the rare earths will be released in volume, and then we can go back to negotiating smaller matters." Prior to this latest truce announcement, chip stocks rose more broadly, with the Philadelphia Semiconductor Stock Exchange (^SOX) closing Tuesday's session up 2%. Shares in electric vehicle maker Tesla (TSLA) rose nearly 2% in pre-market trading on Wednesday morning, as the feud between CEO Elon Musk and US president Donald Trump cooled off. In a post on X on Wednesday morning, Musk said: "I regret some of my posts about president [Trump] last week. They went too far." Read more: FTSE 100 LIVE: Stocks rise as traders await UK spending review and US-China trade update Tesla (TSLA) shares tanked last week, as the public fallout between Musk and Trump escalated. The stock has recovered over the past few sessions, as tensions between the two appeared to cool off. Shares were also higher as the Tesla's robotaxi rollout gained steam. On Monday night, Tesla was listed as an autonomous vehicle (AV) operator on Austin's Transportation and Public Works website, ahead of the reported June 12 targeted start of Tesla's robotaxi service. Shares in GameStop (GME) slipped 4.2% in pre-market trading on Wednesday, after the video game retailer posted a fall in sales in the first quarter. GameStop said net sales fell to $732.4m (£543.1m) in the first quarter, down from $881.8m for the same period last year. Meanwhile, diluted earnings per share came in at $0.09, which was up from a loss of $0.11 per share in the first quarter of last year. Read more: Stocks that are trending today Russ Mould, investment director at AJ Bell, said: "GameStop shares came under pressure in pre-market trading as the one-time 'meme stock' missed revenue forecasts. "The company invests heavily in bitcoin but it seems investors still care about the core retail operations. The sales miss overshadowed better-than-expected earnings." Zara-owner Inditex ( fell 4.4% on Wednesday morning, after the Spanish clothing company reported weaker-than-expected first quarter sales. Inditex posted first quarter revenue of €8.27bn (£7bn), which was below average analyst estimates of €8.36bn, according to a Reuters report. Profit before tax was flat at €1.7bn, while net income edged just 0.8% higher to €1.3bn. Read more: Pound dips ahead of Rachel Reeves' spending review "Inditex is the eurozone's equivalent of Next (NXT.L) — a company that sets the gold standard for its sector. When it disappoints on trading, shockwaves are felt across the retail industry," said AJ Bell's Mould. "A lot of Inditex's success has come from the way its business is run. It is the master of efficiency and has fine-tuned operations so everything runs smoothly," he said. "It is able to get new designs onto the shop floor quickly so it can stay on top of latest fashion trends. It's a great position to be in, except some things are out of its control." "If the consumer is worried about the economy and is watching every penny, retailers are going to struggle to shift goods unless they discount hard," Mould added. Insurer Prudential (PRU.L) was the biggest riser on the UK's FTSE 100 (^FTSE) on Wednesday morning, up 2.4% at the time of writing. The rise in shares came following news of the US and China's latest trade truce, given Prudential is an Asia-focused financial firm. Stocks: Create your watchlist and portfolio Richard Hunter, head of markets at Interactive Investor, said: "Having flirted with its record high on several occasions yesterday, the FTSE 100 breezed past the record closing level once more at the open, driven by a rising global tide which is lifting all boats. "Stocks at the sharp end of Asian focus were particular beneficiaries, with the likes of Standard Chartered (STAN.L), Prudential and HSBC (HSBA.L) posting healthy gains, while the banks more generally resumed their onward march and selective buying among the miners typified a more risk-on approach." Read more: The UK's rental boom is over What you need to know about UK's private stock market Pisces Stocks to watch this week: TSMC, Adobe, Tesco, Bellway and Inditex

Chicago Street Race adds Arby's as major sponsor for July Fourth NASCAR event
Chicago Street Race adds Arby's as major sponsor for July Fourth NASCAR event

Chicago Tribune

time5 hours ago

  • Chicago Tribune

Chicago Street Race adds Arby's as major sponsor for July Fourth NASCAR event

NASCAR is beefing up its sponsorship of next month's Chicago Street Race with the addition of Arby's. The fast food chain was announced as a 'founding partner' Wednesday of the third annual race around the pop-up Grant Park course during the Fourth of July weekend. Arby's joins Blue Cross and Blue Shield of Illinois and Xfinity as major sponsors of the event. 'This marks an exciting moment for our brand in the world of motorsports, with one of the most dynamic and groundbreaking events in racing,' Jeff Baker, chief marketing officer at Arby's, said in a news release. 'Nothing goes better with NASCAR than one of our delicious Arby's sandwiches, and we can't wait to bring the meats to the streets for race fans and Arby's fans in Chicago and beyond.' Arby's, which is new to NASCAR, is replacing Chicago-based McDonald's as a major sponsor of the street race. In addition to race weekend visibility and promotions, Arby's is offering chances through June 22 to win tickets to the Chicago Street Race at 47 restaurants in the city and suburbs. The unique event on the NASCAR calendar features an Xfinity Series race on July 5, and the nationally televised Grant Park 165 Cup Series race on July 6. The announcement comes as NASCAR and the city are gearing up for a more streamlined race weekend event with a smaller concert lineup, downsized hospitality buildout, reduced ticket prices and an accelerated setup/breakdown schedule. Southern rockers the Zac Brown Band, scheduled to perform after the Xfinity Series race, are the only musical headliners on the bill for year three. But NASCAR is planning to add a miniature golf course and other family-friendly activities to the festivities. The Grant Park 165 on Sunday is scheduled to start at 1 p.m., 2½ hours earlier than last year, in the hopes of finally finishing the race, which has been shortened by inclement weather the first two years. The Cup Series broadcast is also moving from NBC to cable channel TNT. Tickets, which went on sale in January, are less expensive this year. Single-day general admission passes start at $99 — a third less than last year — while premium grandstand reserved seats are priced at a nearly 50% reduction. Children 12 and under are free both days, with an accompanying adult. The Chicago Street Race will once again feature a 12-turn, 2.2-mile course through Grant Park, down DuSable Lake Shore Drive and up Michigan Avenue, which will be closed off and lined with fences, grandstands and hospitality suites. But a relocated concert stage will replace the Skyline, a mammoth temporary structure along Columbus Drive that last year housed the most expensive suites overlooking the start/finish line at Buckingham Fountain. Street closings for the buildout have been reduced to 18 days. The first shutdown is set for June 19, with all streets to be reopened by July 14. Chicago saw a boost in tourism last year. Will the pope be a blessing in 2025?NASCAR is in the third and final year of an inaugural agreement with the city to host the Chicago Street Race, a deal struck during Mayor Lori Lightfoot's administration. Last year, the race generated $128 million in total economic impact and drew 53,036 unique visitors, according to a study commissioned by Choose Chicago, the city's tourism arm. rchannick@

Joey Chestnut working on returning to competition after ban
Joey Chestnut working on returning to competition after ban

Yahoo

time6 hours ago

  • Yahoo

Joey Chestnut working on returning to competition after ban

The post Joey Chestnut working on returning to competition after ban appeared first on ClutchPoints. After a controversial absence in 2024, Joey Chestnut may soon be back where he belongs. The 16-time Nathan's champion, widely known as 'Jaws,' is currently in active talks with Major League Eating and contest organizers to rejoin the legendary Fourth of July competition. According to TMZ Sports, both sides are motivated to bring Chestnut back to Coney Island this summer. Advertisement Fans were vocal about their disappointment last year, when Chestnut was banned from competing due to his deal with Impossible Foods, a rival to Nathan's. In his absence, Patrick Bertoletti took the title by eating 58 hot dogs in 10 minutes. While that win put Bertoletti in rare company, even he acknowledged the result felt incomplete without Chestnut. Since 2001, only four men have claimed victory at Nathan's and Chestnut owns 16 of those championships. His dominance is unmatched. Chestnut, for his part, didn't sit on the sidelines quietly. He traveled to Fort Bliss in El Paso, Texas, where he staged a rapid-fire eating event against a team of Army soldiers. He ate 57 hot dogs in just five minutes, nearly matching Bertoletti's total in half the time. That event wasn't just a display of skill — it also raised $106,000 for Operation Homefront thanks to a joint effort between Chestnut and Impossible Foods. Not Done Yet Chestnut has made it clear that his heart remains with the Nathan's contest. 'I really didn't think my relationship with Impossible would affect anything with Nathan's,' he said in an interview with The Blast. He emphasized his love for the competition and expressed a willingness to return if the organizers were open to it. Based on current talks, that return appears increasingly likely. Advertisement While Nathan's went on without him, Chestnut stayed in peak form. In September, he faced longtime rival Takeru Kobayashi in a Netflix special titled Unfinished Beef. Joey Chestnut crushed 83 hot dogs to Kobayashi's 66, setting a new high-water mark for eating contests. If talks finalize, Chestnut's return would not just be about reclaiming a title. It would be a full-circle moment, a reminder of why he became the face of competitive eating in the first place. July 4 is about America's independence, but in this corner of the sports world, it might also be about watching the greatest to ever do it step back into the spotlight. Related: Bill Belichick stands firm on Jordon Hudson's lack of involvement with North Carolina football Related: How Donald Trump helped Coco Gauff win French Open

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store