Apollo, Ares Aim for Bigger Role Backing Sports Leagues, Teams
Ares is preparing to launch a media and entertainment fund designed for individual investors, a departure from the traditionally exclusive nature of sports finance. The semi-liquid fund will target both debt and equity investments across sports leagues and businesses.
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Yahoo
25 minutes ago
- Yahoo
Citi launches Strata Elite premium travel credit card. Should you add it to your wallet?
Citi is launching a new premium rewards credit card: the Citi Strata Elite℠ Card. With a $595 annual fee, this card joins other luxury credit cards in catering to jetsetters looking to maximize travel savings and perks. But a unique bonus rewards structure and specific benefits for American Airlines — including the ability to transfer Citi ThankYou points to AAdvantage miles — helps the Citi Strata Elite Card stand out for some frequent flyers. Citi Strata Elite Card details The Citi Strata Elite has a $595 annual fee, which is steep for any cardholder. However, it is in line with other premium travel cards on the market today. It's also a step up from the issuer's former top-tier travel card, the $495 Citi Prestige Card. That card hasn't accepted new applications since 2021, but if you've been a longtime Citi cardholder, you may want to compare it to Citi's new premium option. Here are the details: Welcome bonus You can get a lot of value as a new cardholder with the Citi Strata Elite's welcome offer. But how much you earn depends on how you apply. When you apply online and get approved, you can earn 80,000 bonus ThankYou points after spending $4,000 within the first three months of account opening. If you decide to go in-branch to a Citi location and get approved, you can earn an even higher 100,000 bonus points after spending the same $4,000 within the first three 12x points on hotels, car rentals, and attractions booked on 6x points on air travel booked on 6x points at restaurants every Friday and Saturday night 3x points at restaurants any other time 1.5x points on all other purchases These rewards categories can help you rack up Citi ThankYou points toward future travel, but there are some restrictions. First, you'll only earn bonus points on travel booked through the Citi Travel portal — up to 12x points (or 6x for flights) is a solid multiplier, but if you prefer to book directly or through another third-party service, you'll only get the minimum 1.5x on your travel spending. Dining at restaurants is another common category you'll find among travel rewards cards, but the Strata Elite works a little differently. You'll get a standard 3x at restaurants, which increases to 6x every weekend between 6 p.m. and 6 a.m. ET on both Friday and Saturday. If you eat out a lot on the weekends, this can be a great boost, but all other daytime and weeknight meals will only earn the regular 3x A common way to make up for a card's steep annual fee cost is through annual benefits, and the Citi Strata Elite is no exception. Here are a few benefits to expect with this card: Up to $300 annual hotel credit for stays of two nights or more booked through Citi Travel each calendar year Up to $200 annual Splurge Credit, which applies to purchases at your choice of up to two eligible brands each calendar year: American Airlines, Live Nation, Best Buy, 1stDibs, and Future Personal Training Up to $200 annual Blacklane credit for global chauffeur service (up to $100 from January through June and another $100 from July through December) Up to $120 credit for TSA PreCheck or Global Entry fee every four years Four American Airlines Admirals Club passes each calendar year Transfer Citi ThankYou points to American Airlines AAdvantage miles Complimentary Priority Pass Select airport lounge membership No foreign transaction fees These benefits may be especially lucrative for frequent American Airlines flyers. You'll get four passes per year to American Airlines Admirals Club lounges. American Airlines sells one-day passes to its lounges for $79, so if you fly the airline enough to use all four passes, that's already worth $316 each year. And with the ability to transfer the points you earn to American Airlines miles, you'll have extra flexibility when you're ready to book award flights. Annual credit card perks like this can add up to major savings each year, but only if you actually use them. It always pays to compare your spending and travel preferences to any card's benefits to make sure you can keep maximizing your value you get a Citi Strata Elite Card? If you're already a Citi cardholder, you may benefit from using this card in combination with other Citi points-earning cards. For example, you can use the Strata Elite to maximize travel spending through Citi Travel and at restaurants (especially on weekends) while using the Citi Strata Premier℠ Card to earn 3x points on everyday purchases at supermarkets and gas stations. Then, combine the points from both cards when you want to book a trip. In addition to redeeming ThankYou points for travel through the issuer, Citi has a number of airline and hotel partners you can transfer your points to, including Air France KLM Flying Blue, JetBlue TrueBlue, Avianca LifeMiles, Choice Privileges, Wyndham Rewards, and more. While the American Airlines AAdvantage program wasn't previously a Citi transfer partner, you can now transfer your Citi Strata Elite points to the airline. If you're a regular American Airlines flyer or already have elite status within the program, this can be a great way to make the most of your ThankYou points. However, there are some potential drawbacks to keep in mind. Like we mentioned above, you're limited to booking travel through Citi Travel if you want to earn the highest rewards rate offered. Other travel credit cards often have more flexibility to earn points and miles with other booking options. The value you'll gain from the card's benefits will also depend a lot on your spending. If you often fly with American Airlines, you can nearly recoup the annual fee cost just from the Admirals Club lounge passes and choosing American Airlines for your annual Splurge Credit. But other credits may be more difficult to maximize if the eligible brands aren't already in your regular budget, for example, or you already get airport lounge access with another premium cards to consider Today's credit card market has multiple great options for maximizing rewards on travel while getting great benefits. If you travel often and don't mind paying a steep annual fee for perks like lounge access, travel credits, status perks, and more, make sure to consider these cards as well: Why we like it: After its recent overhaul, the Chase Sapphire Reserve now carries the highest annual fee among the cards on this list. It also has one of the most flexible annual travel credits available today, offering up to $300 in statement credits for any travel purchases charged to your card. Like the Citi Strata Elite, this card also has airport lounge access perks, a fee credit for TSA PreCheck or Global Entry, hotel credits, and more. While its highest 8x rewards category also requires booking travel through the issuer's Chase Travel portal, you can still earn 4x points with the Chase Sapphire Reserve when you book directly with hotels and we like it: The Platinum Card is also expected to undergo a refresh later this year, but current cardholders can get plenty of benefits while traveling for a $695 annual fee (see rates & fees). These include airport lounge access, up to $200 in airline fee credits for incidental charges with your choice airline, up to $200 in statement credits for select prepaid hotel bookings through Amex Travel, Marriott Bonvoy Gold Elite status and Hilton Honors Gold status, and many more. Like the Citi Strata Elite, you'll get the best Amex Platinum rewards when you book through the issuer — 5x points on flights and prepaid hotels booked through Amex Travel. But you can earn the same rate on flights booked directly with airlines, too (up to $500,000 spent on combined flight purchases each year).Why we like it: Among premium travel card options, the Capital One Venture X has the lowest annual fee — but that doesn't mean it's lacking in value. You can earn boosted rewards for booking travel through Capital One Travel on top of a flat 2x miles on every purchase. As for benefits, there's a $300 annual travel credit you can also use on Capital One Travel purchases, plus airport lounge access, a 10,000-mile bonus every year starting on your first anniversary, and article was edited by Alicia Hahn. Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank's website for the most current information. This site doesn't include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.
Yahoo
25 minutes ago
- Yahoo
PHINIA Inc. Just Beat EPS By 15%: Here's What Analysts Think Will Happen Next
PHINIA Inc. (NYSE:PHIN) defied analyst predictions to release its quarterly results, which were ahead of market expectations. PHINIA beat earnings, with revenues hitting US$890m, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 15%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on PHINIA after the latest results. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Taking into account the latest results, PHINIA's five analysts currently expect revenues in 2025 to be US$3.39b, approximately in line with the last 12 months. Per-share earnings are expected to surge 44% to US$4.00. Before this earnings report, the analysts had been forecasting revenues of US$3.31b and earnings per share (EPS) of US$3.62 in 2025. There's been a pretty noticeable increase in sentiment, with the analysts upgrading revenues and making a nice gain to earnings per share in particular. Check out our latest analysis for PHINIA It will come as no surprise to learn that the analysts have increased their price target for PHINIA 11% to US$54.60on the back of these upgrades. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on PHINIA, with the most bullish analyst valuing it at US$65.00 and the most bearish at US$46.00 per share. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation. Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. One thing stands out from these estimates, which is that PHINIA is forecast to grow faster in the future than it has in the past, with revenues expected to display 2.1% annualised growth until the end of 2025. If achieved, this would be a much better result than the 4.3% annual decline over the past year. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 13% annually for the foreseeable future. Although PHINIA's revenues are expected to improve, it seems that the analysts are still bearish on the business, forecasting it to grow slower than the broader industry. The Bottom Line The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around PHINIA's earnings potential next year. Fortunately, they also upgraded their revenue estimates, although our data indicates it is expected to perform worse than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time. Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple PHINIA analysts - going out to 2027, and you can see them free on our platform here. Plus, you should also learn about the 1 warning sign we've spotted with PHINIA . Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
25 minutes ago
- Yahoo
Wild Blockbuster Trade Ideas For Lakers, Mavericks, And Warriors
Wild Blockbuster Trade Ideas For Lakers, Mavericks, And Warriors originally appeared on Fadeaway World. The 2025 NBA offseason has already rewritten the league with many elite stars moving teams already. The Houston Rockets completed a staggering seven-team blockbuster, landing Kevin Durant, while Damian Lillard's injury-landed departure from the Milwaukee Bucks and subsequent stretch led to his exit. Bradley Beal found himself on the veteran minimum, joining the Los Angeles Clippers, and we might not have seen that coming. Amid the revolving door of stars, LeBron James opted into his $52.6 million player option with the Lakers for 2025-26, maintaining an aura of uncertainty over his future and fueling speculation. Even teams like the Dallas Mavericks are gunning for the NBA title in 2025-26, and the Golden State Warriors are always in the hunt as long as Stephen Curry is still in his prime. With all these big teams and names we are floating around, we propose three blockbuster trade ideas involving the Lakers, Mavericks, and Warriors that will see LeBron, Anthony Davis, and even big man Zion Williamson moving teams. Let's dive in. San Antonio Spurs Acquire LeBron James To Pair With Their Talented Core Proposed Trade Details San Antonio Spurs Receive: LeBron James Los Angeles Lakers Receive: Devin Vassell, Julian Champaigne, Kelly Olynyk, 2026 first-round pick (ATL), 2028 first-round pick (BOS) In this scenario, the San Antonio Spurs swing a jaw-dropping deal for LeBron James, pairing the 40-year-old superstar (24.4 PPG, 7.8 RPG, 8.2 APG) with Victor Wembanyama (24.3 PPG, 11.0 RPG) and De'Aaron Fox (23.5 PPG, 6.3 APG) to crafting instant national relevance. The narrative practically writes itself: LeBron mentoring Wemby, igniting a fanbase in need of excitement, and giving NBA purists the coup of the decade. ESPN would run with the storyline: 'The prodigal King arrives in San Antonio,' redefining their timeline in a single move. Spurs fans thirsty for a playoff identity get one blockbuster snap. For the Lakers, the return package, Devin Vassell, Julian Champaigne, Kelly Olynyk, plus two first-round picks (2026 pick via Atlanta, 2028 via Boston), reorients them toward youth and flexibility. Vassell offers cost-controlled upside at guard, Champaigne adds rim protection (9.9 PPG, 3.9 RPG), and Olynyk (8.7 PPG, 4.7 RPG) gives a veteran big body. This trade underscores LA's pivot to building around Luka Doncic and shedding cap strain. It's ruthless and forward-thinking. However, this deal carries a massive risk for both ends. San Antonio gets an aging LeBron whose no-trade clause and superlative legacy give him considerable power. The Lakers could lose immense marketing value and star leadership. Meanwhile, the Spurs gamble their future on one season of LeBron's production before his inevitable decline. It's bold, or delusional, depending on your view. Dallas Mavericks Move Anthony Davis To The Boston Celtics Proposed Trade Details Boston Celtics Receive: Anthony Davis Dallas Mavericks Receive: Derrick White, Anfernee Simons, 2031 first-round pick (BOS), 2027 second-round pick Put bluntly: this is Dallas cutting ties with Anthony Davis (24.7 PPG, 11.6 RPG) in a move that would shock every cable sports show. The Boston Celtics suddenly get a defensive anchor, a pick-and-roll destroyer, and a Finals-level star to pair with Jayson Tatum and Jaylen Brown. It's continuity with room for elevation, a pairing that terrifies opponents across the East. Boston GM Joe Dumars would get props for swinging big under pressure. Dallas, by shipping AD for Derrick White (16.4 PPG, 4.8 APG), Anfernee Simons (19.3 PPG), a 2027 second-rounder, and Boston's 2031 first-rounder, commits to youth and cap agility. Derrick White is a versatile guard who fits the next-gen retool, Simons is a scoring spark, and the pick bridges future flexibility while they develop Cooper Flagg and Kyrie Irving's brand-new Mavs core. It's handing over a loud present for a quieter rebuild, with plausible upside. Yet it stings. Trading Davis could render the Mavs defensively vulnerable and cost them veteran stability. For Boston, relying on health is dicey: Davis hasn't been injury-proof this season. And for Dallas, losing championship-proven grit in exchange for draft capital and role players is bracing, especially if Flagg doesn't fast-track like they expect. Golden State Warriors Go All-In For Zion Williamson While Retaining Jonathan Kuminga Proposed Trade Details Golden State Warriors Receive: Zion Williamson New Orleans Pelicans Receive: Draymond Green, Brandin Podziemski, 2027 first-round pick (GSW), 2032 first-round pick (GSW) Golden State decides to toss the role-player model aside and chase seismic upside: Zion Williamson (24.6 PPG, 7.2 RPG). They send Draymond Green (9.0 PPG, 6.1 RPG), Brandin Podziemski (11.7 PPG, 5.1 RPG), plus their 2027 and 2032 first-rounders to the Pelicans. Zion's power and inside scoring would bridge the gap between mid-tier ceiling and championship threat, with Kuminga still in tow. It's daring in that signature Warriors couture: splashy, bold, but potentially transformative. This trade would instantly shift the West's balance and alter the Warriors' marketing forever. Imagine Zion in Bay Area social media content, linked stat lines between him and Kuminga, two explosive forwards, and Curry finding a new lob conduit. If healthy, it elevates Golden State from fringe to Finals contender overnight. Of course, there's a mountain of baggage: Zion's durability concerns are well-documented, and the surrender of Green's leadership and identity muddies Bay loyalty. Podziemski is unproven but tantalizing, and the picks are key assets if things crash. The Pelicans emerge with culture and depth; the Warriors roll the dice on peak ceiling. It's high-risk, high-reward, even reckless, if you ask story was originally reported by Fadeaway World on Jul 27, 2025, where it first appeared.
