Latest news with #Hathaway
Economic Times
4 days ago
- Business
- Economic Times
Warren Buffett shifts gears: Dumps two major stocks, pours billions into Consumer Staples, here's why
Tired of too many ads? Remove Ads Exit from S&P 500 ETFs Reduction in Financial Sector Holdings Tired of too many ads? Remove Ads Increased Investment in Consumer Staples Market Implications FAQs Did Warren Buffett change his stance on index funds? Why did Berkshire exit the S&P 500 ETFs? Tired of too many ads? Remove Ads In a strategic shift reflecting caution towards current market conditions, Warren Buffett's Berkshire Hathaway has divested from two prominent U.S.-based investments, signaling a reevaluation of its investment Hathaway has fully exited its positions in the Vanguard S&P 500 ETF (VOO) and the SPDR S&P 500 ETF Trust (SPY), selling shares worth approximately $22 million each. These ETFs, which track the S&P 500 index, have been long-standing recommendations by Buffett for individual investors due to their broad market exposure and low this move, Buffett's endorsement of index funds for individual investors remains unchanged. The decision to sell these holdings, which constituted a minor portion of Berkshire's extensive portfolio, is viewed by analysts as a routine portfolio adjustment rather than a shift in investment philosophy. In addition to the ETF sales, Berkshire Hathaway has significantly reduced its stakes in several major financial institutions. The conglomerate cut its holdings in Bank of America by 14.7%, Citigroup by 73.5%, and Capital One Financial by 18.1%. Furthermore, it completely exited its position in Ulta Beauty. These adjustments suggest a strategic realignment of Berkshire's investment portfolio, possibly reflecting concerns about the financial sector's performance amid economic its divestments, Berkshire Hathaway has initiated a substantial investment in Constellation Brands, acquiring 5.6 million Class A shares valued at approximately $1.2 billion. Constellation Brands is known for its portfolio of alcoholic beverages, including popular beer brands like Modelo and move indicates a strategic pivot towards consumer staples, sectors traditionally considered more resilient during economic Hathaway's recent portfolio adjustments, including the liquidation of S&P 500 ETFs and a reduction in financial sector holdings, have raised questions among investors about potential market analysts suggest that these moves are consistent with Buffett's long-term investment strategy and do not necessarily indicate an anticipation of a market company's increased investment in consumer staples further underscores a cautious yet strategic approach to navigating current market the divestment from certain assets may prompt investor scrutiny, the underlying strategy appears aligned with Berkshire Hathaway's long-term investment While Berkshire Hathaway sold its ETF holdings, Buffett still endorses index funds for individual sales were minor relative to its portfolio and are viewed as routine rebalancing rather than a philosophical shift.
Yahoo
28-05-2025
- Business
- Yahoo
Scorpio Gold Appoints Leo Hathaway as Executive Technical Director
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2025) - Scorpio Gold Corporation (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", or the "Company") is pleased to announce the appointment of Leo Hathaway to its Board of Directors and management team as Executive Technical Director. Leo Hathaway, P. Geo., is a Professional Geologist with 30 years of experience in the mineral exploration industry and is currently Executive Chairman of Golden Shield Resources Inc. and Senior Vice President of Lumina Gold Corp. Mr. Hathaway played a pivotal role in the acquisition, advancement and sale of the ten original Lumina Copper projects in the Americas to seven different companies, aggregating $1.65bn. He has also had key involvement in numerous successful public and private ventures, such as Ventana Gold's La Bodega project in Colombia and its $1.5bn sale to AUX, as well as the origination, acquisition and advancement of Lumina Gold's 20.5moz Cangrejos gold project in Ecuador. Mr. Hathaway holds a BSc (Hons) in Applied Geology from the University of Plymouth, an MSc in Mineral Exploration from Imperial College, London. He is a registered Professional Geoscientist with EGBC. "Leo's appointment is a transformational step for Scorpio Gold as we gear up for a new era of exploration-led growth," said Zayn Kalyan, CEO and Director of Scorpio Gold. "His exceptional track record of value creation in high-grade, multimillion-ounce discoveries and strategic exits aligns perfectly with our renewed focus on Manhattan's world-class potential. As we shift our attention toward defining and expanding resources at this historically rich and underexplored district-just 10 miles south of Kinross's Round Mountain operation-Leo's leadership will be instrumental in guiding our exploration strategy, technical oversight, and shareholder value creation." About Scorpio Gold Corp. Scorpio Gold holds a 100% interest in two past producing projects, the Manhattan District and the Mineral Ridge Mine, both located in the Walker Lane Trend of Nevada, USA. Scorpio Gold's Manhattan District is ~4,780-hectares and comprises the advanced exploration-stage Goldwedge Mine, with a 400 ton per day gravity mill, and four past-producing pits that were acquired from Kinross in 2021. The consolidated Manhattan District presents an exciting late-stage exploration opportunity, with over 100,000 metres of historical drilling, significant resource potential, and valuable permitting and water rights. Scorpio Gold also holds a 100% interest in the Mineral Ridge gold project located in Esmeralda County, Nevada. Scorpio Gold produced over 222,440 oz of gold at Mineral Ridge between 2010 and 2017. With a proven and probable resource, valuable permits, water rights, and infrastructure, Mineral Ridge has significant near-term development potential. ON BEHALF OF THE BOARD OF SCORPIO GOLD CORPORATION Zayn Kalyan, Chief Executive Officer and DirectorTel: (604)-252-2672Email: zayn@ Investor Relations Contact:Kin Communications (604) 684-6730Email: SGN@ Connect with Scorpio Gold:Email | Website | Facebook | LinkedIn | X | YouTubeTo register for investor updates please visit: SGN | OTC: SRCRF | FSE: RY9 Forward-Looking Statements The Company relies on litigation protection for forward-looking statements. This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding: the Company's ability to continue creating shareholder value and build on the success of historical work at the Manhattan Mine; the Company's commitment to organic growth across its portfolio of assets, with a core focus on exploration at Manhattan and development and rerate opportunities at Mineral Ridge; the Company's ability to deliver accretive and meaningful shareholder value in coming months; the Company's plan to strength its management team; the Company's plans for exploration at the North Star target; the Company's focus for 2024 and the 2024 Program, including the scope and timing thereof; the Company's plan to update the resource estimate on the Manhattan Mine; potential updates to the 2018 feasibility study on the Mineral Ridge project; the effect of the amalgamation with Altus Gold; the potential to increase the resource at Mineral Ridge and leverage its established infrastructure and permitting; the Company's upcoming participation at marketing conferences; and the engagement of Matrix and the expected services to be derived from such engagement. There is significant risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements, including those risk factors outlined in the Company's Management Discussion and Analysis as filed on SEDAR+. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty thereof. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit 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
![[WATCH]: Anne Hathaway's Knicks anthem lip-sync video goes viral and pushes New York's playoff hype to new heights - "GO NY GO!"](/_next/image?url=https%3A%2F%2Fstatic.toiimg.com%2Fthumb%2Fmsid-121451117%2Cwidth-1070%2Cheight-580%2Cimgsize-167482%2Cresizemode-75%2Coverlay-toi_sw%2Cpt-32%2Cy_pad-40%2Fphoto.jpg&w=3840&q=100)
![[WATCH]: Anne Hathaway's Knicks anthem lip-sync video goes viral and pushes New York's playoff hype to new heights - "GO NY GO!"](/_next/image?url=https%3A%2F%2Fall-logos-bucket.s3.amazonaws.com%2Findiatimes.com.png&w=48&q=75){kind=small}
Time of India
28-05-2025
- Entertainment
- Time of India
[WATCH]: Anne Hathaway's Knicks anthem lip-sync video goes viral and pushes New York's playoff hype to new heights - "GO NY GO!"
Anne Hathaway (Image via Imagn) Anne Hathaway has once again proven she's one of the New York Knicks ' most passionate celebrity supporters. The Oscar-winning actress shared a viral Instagram video lip-syncing the team's anthem, 'Go NY Go,' after their dramatic Game 3 comeback against the Indiana Pacers in the Eastern Conference Finals. The clip, filled with game highlights and Hathaway's infectious energy, has become a rallying cry for Knicks fans. Anne Hathaway's latest hype video captures the New York Knicks fever In the video, Anne Hathaway wears a New York Knicks bomber jacket and blue-tinted sunglasses, mouthing the lyrics with a beaming smile. The footage cuts between her spirited performance and highlights from the Knicks' 106–100 victory, where they erased a 20-point deficit. Her caption, 'Let's GOOOO!!!,' mirrored the excitement of fans as the series headed to Game 4. Anne Hathaway HYPE after Knicks Game 3 rally over Pacers This isn't the first time Hathaway has shown her support in such a public way. Earlier in the playoffs, she celebrated the Knicks' second-round sweep of the Boston Celtics with a similar video, wearing a custom pale yellow Knicks varsity jacket. That clip was so popular that Knicks forward OG Anunoby reposted it on his Instagram story, further solidifying Hathaway's status as a superfan. A lifelong Knicks fan with Hollywood flair Anne Hathaway's love for the New York Knicks traces back to her upbringing in New Jersey. Her recent videos, set to Jesse Itzler's team anthem, have turned into cultural moments, uniting fans during the playoffs. Supporters have flooded her posts with praise, even dubbing her the 'Queen of New York' for her unwavering dedication. She's part of a star-studded group of celebrity Knicks fans, including Spike Lee, Ben Stiller, and Bad Bunny, who regularly cheer on the team. But Hathaway's blend of Hollywood charm and genuine fandom stands out, adding a unique spark to the Knicks' playoff run. Anne Hathaway's videos fuel the Knicks' playoff energy As the New York Knicks gear up for Game 4, fans are eagerly anticipating more hype videos from Hathaway. Her posts do more than just celebrate wins—they capture the spirit of New York basketball and the deep connection between the team and its supporters. Also read: Shawn Kemp Cops Plea: NBA Legend Avoids Trial in Wild Tacoma Mall Shooting Case With her latest viral moment, Hathaway has reinforced why she's one of the Knicks' most beloved fans. Whether through social media or courtside appearances, her enthusiasm continues to inspire and energize the fanbase as the team pushes for a championship. Get IPL 2025 match schedules , squads , points table , and live scores for CSK , MI , RCB , KKR , SRH , LSG , DC , GT , PBKS , and RR . Check the latest IPL Orange Cap and Purple Cap standings.
New York Post
27-05-2025
- Entertainment
- New York Post
Anne Hathaway drops new Knicks hype video after Game 3 rally over Pacers
Anne Hathaway is in a Knicks state of mind. Taking to Instagram on Monday, the Oscar-winning actress shared a hype video following New York's 106-100 comeback victory over the Pacers in Game 3 of the Eastern Conference finals on Sunday night. Advertisement 5 Anne Hathaway showed her support for the Knicks in a new Instagram hype video. Anne Hathaway/ Instagram Clad in a Knicks bomber jacket with blue-tinted sunglasses, Hathaway — a vocal Knicks supporter who grew up in Millburn, N.J. — mouthed the lyrics to the team's 'Go NY Go' anthem in the clip, which was spliced with highlights from Sunday's rally at Gainbridge Fieldhouse in Indianapolis. Entering Sunday's game in a 2-0 series hole, Karl-Anthony Towns exploded in the second half, putting up 20 of the Knicks' 36 fourth-quarter points to get their first victory of the best-of-seven series. Advertisement 'When I got a chance to do what I do in the fourth quarter,' Towns said, 'I knew I had to seize the opportunity.' 5 Karl-Anthony Towns put up 20 points in the second half against the Pacers in Game 3 on May 25, 2025. Charles Wenzelberg / New York Post 5 The Knicks trail the Pacers in the best-of-seven series, 2-1. Charles Wenzelberg / New York Post Towns, whose first postseason run with the Knicks has been a rollercoaster, is averaging 21.1 points, 11.3 rebounds and 1.1 assists in the playoffs. Advertisement Game 4 is set for Tuesday night in Indiana before the series shifts back to New York for Game 5 on Thursday. Follow The Post's coverage of the Knicks in the 2025 NBA Playoffs Sports+ subscribers: Sign up for Inside the Knicks to get daily newsletter coverage and join Expert Take for insider texts about the series. Hathaway, 42, has been showing her support for the Knicks throughout the postseason, sharing a similar video earlier this month when the Knicks took down the Celtics in six games in the second round. Although it remains to be seen if she'll join the likes of Timothée Chalamet and Ben Stiller courtside when the series shifts back to Madison Square Garden, Hathaway did experience a close Knicks encounter in the regular season. Advertisement 5 Anne Hathaway has been repping Knicks gear during their postseason run. Anne Hathaway/Instagram 5 The Oscar-winning actress has sat courtside for games in the past. JASON SZENES FOR THE NEW YORK POST Back in November, OG Anunoby nearly crashed into Hathaway when she took in a Knicks-Bulls game at The Garden. The 'Verity' star later called the experience a 'bucket-list moment' on Instagram. 'I almost got crashed into last night!' a giddy Hathaway expressed in the social media video. 'I always wanted that to happen. Thanks, OG!' Game 4 tips off at 8 p.m. ET on Tuesday.
Yahoo
27-05-2025
- Business
- Yahoo
Consortium Including Anne Hathaway, Gian Luca Passi de Preposulo Invests in Italy's SailGp Team
MILAN – Fashion is increasingly committed to sports competitions, with Louis Vuitton as one major example as the official partner of Formula 1 and titular sponsor of the America's Cup. Today, the Italian SailGP team will reveal that it has secured new investors, and they span from Hollywood to Milan. Advertisement More from WWD The Muse Sport consortium, led by Assia Grazioli Venier, co-founder of Muse, Gian Luca Passi de Preposulo and chief executive officer Jimmy Spithill, has acquired the Red Bull Italy SailGP Team. The consortium includes Anne Hathaway and Italian actress Miriam Leone, who with Grazioli Venier, mark a first in the sector with a female-led ownership group eyeing the growing commercial viability of the mixed-gender championship. 'SailGP is far more than a sporting competition — it's a global platform for innovation, entertainment and hospitality,' said Passi de Preposulo, chairman of the board. 'We are building a team that reflects the future of sports business: technology-led, culturally impactful and environmentally responsible.' Passi de Preposulo started his career at Giorgio Armani, where from 2004 to 2012 he worked with Roberta Armani in global PR and entertainment. In 2013, he joined Moncler as director of events and entertainment. He remains an advisor of Moncler, which is led by chairman and CEO Remo Ruffini. Advertisement In 2011, he founded and launched Fiol, the multi-awarded prosecco wine label from the Veneto region. The husband of Jessica Chastain, he moved to New York in 2015 and in 2022 launched the fund Festina Lente Partners SCSp, managed by Gruppo Azimut, focused on financial technology, food tech, marketplace, digital transformation and smart environment. A former athlete playing in the Benetton Rugby Treviso team and in Italy's national youth team, he approached sailing in the steps of his father and former regatta sailor Alberto Passi de Preposulo. 'The new Red Bull Sail GP team embodies a powerful convergence of innovation, athletic excellence, and a deep commitment to inclusive leadership — particularly in advancing the role of women in high-performance sport,' Hathaway said in a joint statement with her husband Adam Shulman, who is also an investor in the venture. 'My deep and enduring love for Italy makes this opportunity especially meaningful, and I am so excited to have been invited to support a project that reflects both tradition and transformative vision.' Hathaway is a brand ambassador for Bulgari and has fronted campaigns for Versace, for example. The group of investors also includes Evan Yurman, son of David Yurman co-founders David and Sybil Yurman and now president of the New York-based jewelry company; Alexander Gilkes, co-founder of venture studio Squared Circles; Julie Eddleman, global chief commercial officer at DoubleVerify and a former Google and Procter & Gamble executive; Heather Karatz; Pete del Grosso, MFO Certuity, and Dr. Jennifer Ashton. Advertisement SailGP was founded by Larry Ellison, co-founder of Oracle Corporation and twice winner of the America's Cup, and Russell Coutts, Olympic gold medalist who skippered three America's Cup victories. Rolex is the titular sponsor of the SailGP Championship, which sees national teams racing in identical high-tech, high-speed 50-foot foiling catamarans around the world at speeds approaching 60 miles per hour in a quest for a total prize money of $12.8 million. The Italian team was formed in November last year. The championship returns next month with the sixth stop of the 2025 season, the Mubadala New York Sail Grand Prix on June 7-8, before the European summer leg kicks off in Portsmouth, U.K., July 19-20. The Australian Spithill is a former skipper and helmsman for BMW Oracle Racing, winning the America's Cup in 2010, defending the cup twice, both times against Emirates Team New Zealand, first successfully in 2013, and unsuccessfully in 2017. Advertisement In the 36th America's Cup, he was one of two helmsmen on the Luna Rossa Prada Pirelli boat, which won the Prada Cup and lost in the finals. 'Italy has an extraordinary sailing legacy, and our mission is to be a catalyst for its next phase,' said Grazioli-Venier. 'Muse Sport is honored to lead this pivotal moment for our sport. SailGP has massive commercial potential for global growth and impact that this ownership group will realize, leaning on elite leadership with strategic entrepreneurial capital. As someone deeply connected to Italian and sailing culture, it's an honor and a responsibility to help guide a team that embodies excellence, innovation, and true inclusivity.' Moving from fashion to sports, Francesco Francavilla was named head of marketing and communications of SailGP ITA. He was previously global head of communications of the Alberta Ferretti and Pollini brands. Before that, he was global head of marketing and communications at Gruppo Antonioli's Dreamers Factory, where he managed all the communications activities for the Antonioli, Ann Demeulemeester and 44 Label Group brands, bringing his experiences at Renè Caovilla, Karla Otto and Dolce & Gabbana. Advertisement Best of WWD Sign up for WWD's Newsletter. For the latest news, follow us on Facebook, Twitter, and Instagram.
