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Yahoo
16 minutes ago
- Entertainment
- Yahoo
Ozzy Osbourne's most shocking moments
Ozzy Osbourne was famed as a provocative and powerful performer on stage and a wild hedonist off it. The Black Sabbath singer and successful solo artist was known for his controversial live shows. Drug and alcohol use often fuelled manic behaviour in front of his adoring audiences, and also his most crazed moments in between shows. These are some of the most memorable and infamous moments from the hell-raising life of the late heavy metal pioneer. The Alamo In 1982, Osbourne was wearing one of his wife's dresses for a photoshoot close to The Alamo in Texas, the site of a heroic sacrifice by the Texan troops against the invading Mexicans. ADVERTISEMENT The rock star drunkenly relieved himself on a cenotaph commemorating the dead, later donating thousands to the group which maintains The Alamo. Cats In the midst of an alcohol and drug haze, Osbourne said that he set about slaughtering 17 cats with a shotgun. The rocker said he was found by his wife under a piano, armed with a knife in one hand and a shotgun in the other. Ants Osbourne toured with Motley Crue in the 1980s, and it was during this time that he is rumoured to have shocked his fellow rockers after 'spotting' a line of ants. Bassist Nikki Sixx claimed that Osbourne took a straw and, as if snorting cocaine, hoovered the line of ants up his nose. Bats In 1982, Osbourne was on stage at a gig in Des Moines, Iowa, during a US tour. ADVERTISEMENT A fan threw a bat on stage, and in the frenzy of performance Osbourne – believing it to be rubber – bit its head off. There remains debate as to whether the bat was alive or dead when it was thrown on stage. Doves Osbourne had history with the decapitation of winged creatures, beginning with an incident which stunned CBS Records executives. Celebrating a new album in 1981, the Black Country-born rock star was intending to release two doves in a symbolic act at the record label. Instead, he grabbed a dove and bit its head off, before being thrown out of the building.
CBS News
18 minutes ago
- Business
- CBS News
4 reverse mortgage questions seniors should be asking themselves now
News last week that inflation rose in June, following a previous increase in May, was likely not the development millions of Americans were hoping for. In recent years, inflation has spiked the cost of numerous items, making it more difficult to make ends meet. This has been an even greater problem for seniors, many of whom are reliant upon limited funds to pay their bills. With Social Security and retirement funds finite, then, many of these seniors may be contemplating alternative funding sources right now. A reverse mortgage may be at the top of their list. With a reverse mortgage, homeowners age 62 and older can receive payments from their accumulated home equity. Either via a lump sum or monthly payments drawn from the home, funds here will only need to be repaid in the event of a sale of the home or if the homeowner dies. So it's naturally tempting to explore this unique funding source in the economic climate of 2025. Before getting started now, though, seniors would be well-served by preparing the answers to a series of important reverse mortgage questions. Below, we'll analyze four timely questions worth considering. Start by seeing how much you could get paid with a reverse mortgage here. Here are four reverse mortgage questions seniors may want to start thinking about the answers to right now: There are myriad ways to borrow home equity now, ranging from reverse mortgages to home equity loans to home equity lines of credit (HELOCs). Some homeowners may even benefit from a cash-out refinance. And with interest rates on home equity loans and HELOCs much lower than personal loans and credit cards, now may be the ideal time to borrow equity that way instead of using a reverse mortgage. Start, then, by exploring all of your potential home equity borrowing options to determine if a reverse mortgage is truly the smartest way to borrow your hard-earned equity now. Compare your current reverse mortgage options online to learn more. Concerns over recent Social Security overpayments, clawbacks and insolvency are all pertinent right now and it's understandable if homeowners feel like they need an additional funding source, of which a reverse mortgage can easily provide. But your home is likely your most prized financial asset and borrowing from it should always be done judiciously, especially now. So, ask yourself if you can adequately get by with Social Security and your other retirement funds instead. If you can't, a reverse mortgage makes sense. But if you're just looking for an alternative income stream that you don't truly need, it may not. If you were planning to pass your paid-off home to your beneficiaries after your death, then a reverse mortgage can alter those plans. Since funds here will need to be repaid once the homeowner has died, there may be little or nothing left to pass on to beneficiaries, many of whom may be depending on that money in today's inflationary and high-rate climate. Re-evaluate your financial goals for your beneficiaries, then, before pursuing your reverse mortgage options. You may find that there are ways to protect a portion of your assets for your beneficiaries while still securing a new income stream for yourself simultaneously. If you ultimately do settle on a reverse mortgage as your optimal recourse now, then you'll need to determine how you want to get paid. With a reverse mortgage, you can receive funds in a lump sum, via monthly payments and potentially even as a revolving credit line similar to a credit card or HELOC. Which payment strategy makes the most sense for your needs and goals? This question will be specific to the homeowner in question, but it's worth contemplating the answer now so you're better prepared when it comes time to complete the formal paperwork. A reverse mortgage could be the precise financial tool seniors require in today's unpredictable but still difficult financial landscape. By taking the time to think through the answers to these four questions, these seniors can better determine if this is truly the right move for their financial situation now or if they're better served by exploring alternatives or, in some instances, keeping their current financial strategy the same.
The Independent
an hour ago
- Entertainment
- The Independent
Ozzy Osbourne's most shocking moments
Ozzy Osbourne was famed as a provocative and powerful performer on stage and a wild hedonist off it. The Black Sabbath singer and successful solo artist was known for his controversial live shows. Drug and alcohol use often fuelled manic behaviour in front of his adoring audiences, and also his most crazed moments in between shows. These are some of the most memorable and infamous moments from the hell-raising life of the late heavy metal pioneer. The Alamo In 1982, Osbourne was wearing one of his wife's dresses for a photoshoot close to The Alamo in Texas, the site of a heroic sacrifice by the Texan troops against the invading Mexicans. The rock star drunkenly relieved himself on a cenotaph commemorating the dead, later donating thousands to the group which maintains The Alamo. Cats In the midst of an alcohol and drug haze, Osbourne said that he set about slaughtering 17 cats with a shotgun. The rocker said he was found by his wife under a piano, armed with a knife in one hand and a shotgun in the other. Ants Osbourne toured with Motley Crue in the 1980s, and it was during this time that he is rumoured to have shocked his fellow rockers after 'spotting' a line of ants. Bassist Nikki Sixx claimed that Osbourne took a straw and, as if snorting cocaine, hoovered the line of ants up his nose. Bats In 1982, Osbourne was on stage at a gig in Des Moines, Iowa, during a US tour. A fan threw a bat on stage, and in the frenzy of performance Osbourne – believing it to be rubber – bit its head off. There remains debate as to whether the bat was alive or dead when it was thrown on stage. Doves Osbourne had history with the decapitation of winged creatures, beginning with an incident which stunned CBS Records executives. Celebrating a new album in 1981, the Black Country-born rock star was intending to release two doves in a symbolic act at the record label. Instead, he grabbed a dove and bit its head off, before being thrown out of the building.
Globe and Mail
an hour ago
- Business
- Globe and Mail
KeyCorp's Q2 Earnings Beat Estimates, NII & Fee Income Rise Y/Y
KeyCorp 's KEY second-quarter 2025 earnings per share from continuing operations of 35 cents surpassed the Zacks Consensus Estimate by a penny. The bottom line reflected a 40% jump from the prior-year quarter's actual. Results benefited from a rise in net interest income (NII) and non-interest income. The average loan balance increased sequentially, which was another positive. However, higher expenses and a rise in provisions were undermining factors. Net income from continuing operations attributable to common shareholders was $387 million, up 63.3% year over year. KEY's Revenues Improve, Expenses Rise Total revenues increased 20.9% year over year to $1.83 billion. Moreover, the top line beat the Zacks Consensus Estimate of $1.80 billion. NII (on a tax-equivalent or TE basis) increased 27.9% on a year-over-year basis to $1.15 billion. The net interest margin (NIM) (TE basis) from continuing operations expanded 62 basis points (bps) to 2.66%. Both metrics benefited from the lower deposit costs, reinvestment of proceeds from maturing low-yielding investment securities, fixed-rate loans and swaps repricing into higher-yielding investments, the repositioning of the available-for-sale portfolio in the third and fourth quarters of 2024, and an improved funding mix. These benefits were partially offset by the impact of lower interest rates on variable-rate earning assets, and lower loan balances. Our estimate for NII (TE) and NIM was $1.14 billion and 2.62%, respectively. Non-interest income was $690 million, up 10% year over year. The rise was driven by an increase in almost all the components of fee income, except for corporate-owned life insurance income, consumer mortgage income, operating lease income and other leasing gains, and other income. Our estimate for the metric was $673.3 million. Non-interest expenses increased 7% year over year to $1.15 billion. The rise was due to an increase in almost all cost components, except for operating lease expenses and other expenses. We projected the metric to be $1.16 billion. KeyCorp's Loans Rise & Deposits Slip At the end of the second quarter, average total loans were $105.72 billion, up 1.3% from the previous quarter. We had anticipated average total loans of $105.52 billion. Average total deposits were $147.45 billion, down marginally from the prior-quarter end. The fall was due to a reduction in higher-cost commercial client balances and retail CDs. Our estimate for the metric was $150.58 billion. KEY's Credit Quality: A Mixed Bag The provision for credit losses was $138 million, up 38% year over year. Our estimate for provision for credit losses was $120.2 million. Net loan charge-offs, as a percentage of average total loans, rose 5 bps year over year to 0.39%. However, the allowance for loan and lease losses was $1.45 billion, down 6.5% from the prior-year quarter. Non-performing assets, as a percentage of period-end portfolio loans, other real estate-owned property assets, and other non-performing assets, were 0.66%, down 2 bps year over year. KeyCorp's Capital Ratios Improve KEY's tangible common equity to tangible assets ratio was 7.8% as of June 30, 2025, up from 5.2% in the corresponding period of 2024. The Tier 1 risk-based capital ratio was 13.4%, up from 12.2%. The Common Equity Tier 1 ratio was 11.7%, up from 10.5% as of June 30, 2024. Our Take on KEY Decent loan balances, balance sheet repositioning efforts, strategic buyouts and relatively higher interest rates will likely support KeyCorp's revenues in the near term. Weakening asset quality amid a tough macroeconomic backdrop is concerning. KeyCorp currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Performance of Other Major Banks The Bank of New York Mellon Corporation 's BK second-quarter 2025 adjusted earnings of $1.94 per share surpassed the Zacks Consensus Estimate of $1.74. Also, the bottom line reflected a jump of 28.5% from the prior-year quarter. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) BNY Mellon's results were primarily aided by increased fee revenues and NII. Growth in the assets under custody and/or administration and assets under management balances supported the results. Also, the company recorded a provision benefit in the quarter, which was a tailwind. Wells Fargo & Company 's WFC second-quarter 2025 adjusted earnings per share of $1.54 surpassed the Zacks Consensus Estimate of $1.41. In the prior-year quarter, the company reported earnings per share of $1.33. Wells Fargo's results benefited from an improvement in non-interest income and lower provisions. However, a decline in NII and higher expenses were the undermining factors. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Wells Fargo & Company (WFC): Free Stock Analysis Report KeyCorp (KEY): Free Stock Analysis Report
Reuters
an hour ago
- Business
- Reuters
Nokia cuts 2025 profit guidance citing tariffs and weaker US dollar
HELSINKI, July 22 (Reuters) - Finland's Nokia ( opens new tab lowered its guidance for 2025 comparable operating profit on Tuesday by up to 310 million euros ($364.10 million), citing the impact of a weaker U.S. dollar and tariffs. "Considering currency and tariff headwinds, which are outside its (Nokia's) control and have transpired since its Q1 results, the company feels it is prudent at this point to lower its operating profit outlook range," Nokia said in a statement. The network equipment maker now expects 2025 comparable operating profit to range from 1.6 billion to 2.1 billion euros instead of previously estimated 1.9-2.4 billion It added currency fluctuations, particularly the weaker dollar, would lower the outlook by around 230 million euros while tariffs would have an impact of 50-80 million euros. After years of weakness, Nokia's sales in North America have been growing steadily despite losing market share to Nordic rival Ericsson ( opens new tab. Nokia said its April-June comparable operating profit was 0.3 billion euros, a 32% drop compared to last year. In April, Nokia reported first-quarter profit below market expectations. ($1 = 0.8514 euros)
