HSBC's Mark Tucker to Join AIA as Chairman
HSBC Group Chairman Mark Tucker will return to Hong Kong-based insurer AIA Group as its new group board chairman. Tucker will step down from his role at HSBC and resign from the board on Sept. 30, the bank said Friday. HSBC said further updates on its succession process will be provided in due course.
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Fox Sports
an hour ago
- Fox Sports
Paddock Buzz: Foyt Team Honors Memory of Dear Friend at Road America
INDYCAR A.J. Foyt Enterprises honors this weekend at Road America the legacy of longtime friend, supporter and team sponsor Marlyne Sexton (photo, left), who passed away June 11 at age 86. In her memory, the team debuted a special tribute livery on the No. 14 Sexton Properties/AJ Foyt Racing Chevrolet driven by Santino Ferrucci during this weekend's XPEL Grand Prix at Road America Presented by AMR. Ferrucci was the 11th quickest among 27 drivers in Friday's opening practice session with a top lap of 1 minute, 45.7423 seconds. 'Man, just hanging out with Mrs. Sexton and A.J. in Indy is just always fun, just watching them,' Ferrucci said. 'They had some good banter back and forth. 'She's such a wonderful lady. She did wonders for the team. She made me feel like family when I first joined in 2023. I know she thought of Larry (Foyt) like a son, so heavy hearts with her passing, and very honored to be driving the special livery in her honor for this weekend.' Sexton, along with her husband, Joe, founded Sexton Properties, an Indianapolis-based real estate development company, in 1962. Their first Indiana project was located just minutes from Indianapolis Motor Speedway and marked the beginning of a friendship between the Sextons and A.J. Foyt, one of the development's first tenants. 'I met Marlyne's husband, Joe Sexton, years ago,' Foyt said. 'I was one of the first customers, and from then on, we were just great friends." Joe passed away in 2002, but Marlyne continued to lead the company and remained a powerful influence in real estate and motorsports. Sexton Properties began sponsoring AJ Foyt Racing during the 2015 Indianapolis 500 as an associate partner on an entry driven by Alex Tagliani. The partnership grew each season, culminating in a primary sponsorship role by 2022. "I am deeply saddened by the loss of Marlyne Sexton,' said Larry Foyt, team president of AJ Foyt Racing. 'It can't be overstated the positive effects she has had on not only our team but on me personally. Her strength and positive influence are a huge piece of our recent successes. I will forever be grateful for the life lessons she taught me and the confidence she instilled in all aspects of my life. 'Marlyne loved watching INDYCAR and cheering for AJ Foyt Racing. I will miss our talks about the races and the team, but her teachings and impact will be remembered for the rest of my life.' Kirkwood Riding Momentum Into Road America Kyle Kirkwood enters Road America aiming for a feat Andretti Global hasn't pulled off in over a decade. Kirkwood has three victories this season, with back-to-back wins in the last two races in the series, the Chevrolet Detroit Grand Prix on June 1 and Bommarito Automotive Group 500 presented by Axalta and Valvoline on June 15. He has a chance in Sunday's 55-lap race to become the first Andretti Global driver since Ryan Hunter-Reay in 2012 to win three races in a row. RHR pulled off a hat track that year at Milwaukee Mile, Iowa Speedway and the streets of Toronto. 'Momentum is a big thing in motorsports,' Kirkwood said. 'When you have that kind of momentum, things come to you a little bit easier.' Kirkwood is off to a great start Friday, quickest in the No. 27 Siemens Honda with a lap of 1:44.9881. Kirkwood has improved his finishing position at Road America all three years. He finished 20th as a rookie for AJ Foyt Racing in 2022, then ninth and fifth, respectively, for Andretti Global the last two years. The steady upward trend, paired with his current form, positions him as a legitimate threat to contend for the win Sunday. This is also the first time this season Kirkwood hasn't had a week off between wins. 'To do well, you've got to celebrate with the crew for a couple of hours, and then you're straight back to work to do it all over again,' he said. 'I've gone home after each win and been able to relax and wind down from it, but this week it's been like, 'OK, it's Road America, here we go again,' which isn't a bad thing. Just keep it rolling. It doesn't allow the ball to stop.' Herta Strives for Road America Victory Colton Herta has been one of the most consistent performers at Road America, but victory at the 4.014-mile Wisconsin road course continues to slip just out of reach. In eight starts, Herta has never finished worse than eighth and has qualified on the front row five times, including each of the last two years. He earned NTT P1 Award honors in 2019 as a rookie and in 2023. He's only started outside the top seven once – 11th in 2022. 'I've always been really strong here,' Herta said. But have still never won. I've had close ones. This is the place I've never really had a bad weekend.' Herta's best chances slipped away due to small but costly mistakes. In 2019, managing tire wear caught him off guard as he faded to eighth. In 2023, a pit stop one lap too early forced him to save fuel late, and he ultimately finished fifth. Andretti Global Drivers Stick With Pacers Andretti Global's NBA loyalty got complicated this week as Mark Walter, who is part of Andretti Global's TWG Global ownership group, made headlines this week for purchasing the Los Angeles Lakers. Walter, already a stakeholder in the Los Angeles Dodgers and Los Angeles Sparks and owner of the Professional Women's Hockey League, holds a significant presence in both racing and LA sports. However, Andretti Global is based in Indianapolis, and co-owner Dan Towriss' company Gainbridge, has naming rights to Gainbridge Fieldhouse, home of the Pacers. So, where do Andretti Global drivers Marcus Ericsson, Herta and Kirkwood's allegiances stand? Herta took a bipartisan approach. 'I'll have an Eastern Conference team in the Pacers and a Western Conference team in the Lakers to cheer for,' he said. Florida native Kirkwood was more loyal to his adopted home. 'I don't know anything about that situation,' Kirkwood said. 'I live in Indiana. I know all the Pacers players' names, at least. I watch them play, and I know their style. I'm a big, big fan of the Pacers. I scream at the TV.' Ericsson, like Kirkwood, remains loyal to the Pacers. Fatherhood Helps McLaughlin Through Rough Stretch Scott McLaughlin is navigating a challenging stretch of the season, with a string a setbacks that have dropped him from fifth in points entering the 109th Running of the Indianapolis 500 presented by Gainbridge to eighth in the standings entering Sunday's 55-lap race at Road America. McLaughlin crashed on the pace lap and finished 30th in the '500' on May 25. A week later, he was penalized for avoidable contact after rear-ending Nolan Siegel's No. 6 Arrow McLaren Chevrolet and finished 12th at Detroit. In last Sunday's race at World Wide Technology Raceway, McLaughlin qualified second, ran in the top five, but suffered a mechanical failure on Lap 216, ending 24th. McLaughlin likened this difficult period to his 2015 season in Australian V8 Supercars, though with a more grounded perspective this time around. Becoming a first-time father to daughter Lucy during the offseason has provided emotional balance and perspective. 'Obviously, her college fund has taken a hit, but I think at the same time she's so very refreshing,' McLaughlin said. 'Being a dad and having a life outside of the sport, not that I didn't have that before without Lucy. I mean, I always had (wife) Karly, and she's great at taking my mind of stuff. But the dad part of life is awesome, and I'm probably the most happy I've ever been off the track.' McLaughlin has yet to win at Road America in four starts, but his performance improved each year, climbing from 14th in 2021, seventh in 2022, eighth in 2023 and third after leading 18 laps last year. He was sixth quickest Friday with a time of 1:45.3191 in the No. 3 XPEL Team Penske Chevrolet. Franchitti, Buxton Shave Foster's Mustache for Charity NTT INDYCAR SERIES rookie Louis Foster made a surprising and charitable style change ahead of the Road America race weekend by losing the mustache he had sported all season. Foster, an English driver for Rahal Letterman Lanigan Racing, wore the mustache as a nod to three-time series champion Bobby Rahal, co-owner of the team. In May, he joked that his look was very 1986 Indy 500 Bobby Rahal, embracing the retro vibe and team pride. At Thursday night's Welcome Party at Siebkens Stop-Inn Tavern, a beloved Elkhart Lake establishment, Foster joined other drivers as a celebrity bartender, raising funds for Racing For Kids through tips and donations. When asked what it would take to shave the mustache, Foster half-jokingly said $1,000. Dario Franchitti, a four-time INDYCAR SERIES champion, offered $500 if he could shave it off himself. Others, including FOX Sports play-by-play announcer Will Buxton, chipped in, and the mustache was officially shaved for charity. Foster was eighth quickest in the No. 45 Droplight/Desunda Tequila Honda in Friday's practice. Cannon Helps VeeKay Score WWTR Top 10 Finish Rinus VeeKay has found a new groove in recent races and credits veteran engineer Michael Cannon for the turnaround. Cannon rejoined Dale Coyne Racing after this year's Indianapolis 500 presented by Gainbridge and brings decades of technical expertise and a proven track record of rapid impact. In their first race together at Detroit, Cannon's input, especially on braking, helped VeeKay qualify seventh. The next race at WWTR, the No. 18 askROI Honda cracked the top 10 and finished seventh thanks to fuel-saving strategy devised by Cannon. Cannon spent six years (2014-19) at DCR, engineering a range of drivers. He also has served as an engineer in recent seasons for Chip Ganassi Racing and AJ Foyt Racing, delivering immediate improvements to those teams, especially on ovals. 'Working with (Scott) Dixon in the past, he gave me some tricks to improve the fuel mileage,' VeeKay said. Odds and Ends Championship leader Alex Palou has new colors on track this weekend with SOLO Cup sponsoring his No. 10 Chip Ganassi Racing Honda. He was ninth quickest in the opening practice session. Team Penske swept the podium in last year's race and had all three drivers in the top six during Friday's practice session, led by defending race winner Will Power (1:45.1795) in third in the No. 12 Verizon Team Penske Chevrolet. Two-time Road America winner Josef Newgarden (1:45.2228) in the No. 2 PPG Team Penske Chevrolet was fourth, .0433 of a second behind Power, with McLaughlin sixth. The top 15 drivers in Friday's speed chart were separated by less than a second. Saturday features NTT INDYCAR SERIES practice at 11:05 a.m. ET and then qualifying to set the 27-car lineup for Sunday's race at 2:35 p.m. ET. Both air on FS1, the FOX Sports app and the INDYCAR Radio Network. 2012 INDYCAR SERIES champion and 2014 Indianapolis 500 presented by Gainbridge winner Ryan Hunter-Reay served as a booth analyst for FOX's INDY NXT by Firestone practice coverage Friday. recommended
New York Post
2 hours ago
- New York Post
Barron Trump made millions from family's lucrative crypto firm: report
Barron Trump, the youngest son of the 47th President, may have raked in millions of dollars from the sale of crypto tokens linked to the family's lucrative venture into digital tokens, according to report. The 19-year-old New York University student could have picked up a cool $40 million — $25 million after taxes — from the sale of digital assets by World Liberty Financial Group, the Trump family firm launched nine months ago after Barron persuaded his dad about the benefits of crypto, Forbes reported. 'Barron knows so much about this,' commander-in-chief said during an interview in September after the launch. 'Barron's a young guy, but he knows it — he talks about his wallet. He's got four wallets or something, and I'm saying, 'What is a wallet?'' Barron Trump, seen here at his father's second inauguration, is listed as a 'co-founder' on World Liberty Financial's website. AFP via Getty Images World Liberty has been a financial bonanza for the family. In March, World Liberty announced that it had sold $550 million worth of tokens. An Office of Government Ethics filing released by President Trump last week declared he had made $57 million from token sales. It also said that the real estate mogul held a 75% stake in his umbrella company, DT Marks Defi LLC, with unnamed 'third parties' holding the other 25%. Barron Trump is listed as a 'co-founder' of World Liberty Financial alongside the president, as well as Eric and Donald Trump Jr, the president's two eldest sons. Forbes, which provided no direct evidence for its claims of Barron Trump's massive digital windfall, suggested that he owned a 7.5% stake in Delaware-based World Liberty. The stake would mirror what the NYU freshman holds in the Trump Organization's Washington, DC hotel, Forbes said. The Post has approached a Trump Organization spokesperson for comment. Trump once derided digital assets such as Bitcoin as 'a scam' but he has since U-turned and embraced cryptocurrencies. REUTERS Barron Trump's name does not appear in the company's solitary SEC filing from October 30 last year. Also listed as business partners in the venture are Middle East envoy Steve Witkoff and his son, Zachary. An analysis by Bloomberg, the financial news outlet, estimates the president's net worth has doubled since the start of his 2024 campaign, standing at just over $5.4 billion
Associated Press
2 hours ago
- Associated Press
INVESTOR NOTICE: Apple Inc. (AAPL) Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
SAN DIEGO, June 20, 2025 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Apple Inc. (NASDAQ: AAPL) securities between June 10, 2024 and June 9, 2025, inclusive (the 'Class Period'), have until August 19, 2025 to seek appointment as lead plaintiff of the Apple class action lawsuit. Captioned Tucker v. Apple Inc., No. 25-cv-05197 (N.D. Cal.), the Apple class action lawsuit charges Apple and certain of Apple's top current and former executives with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Apple class action lawsuit, please provide your information here: You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected]. CASE ALLEGATIONS: The Apple class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Apple misstated the time it would take to integrate the advanced artificial intelligence ('AI')-based Siri features into its devices; (ii) accordingly, it was highly unlikely that these features would be available for the iPhone 16; (iii) the lack of such advanced AI-based features would hurt iPhone 16 sales; and (iv) as a result, Apple's business and/or financial prospects were overstated. The Apple class action lawsuit further alleges that on March 7, 2025, Apple announced it was indefinitely delaying promised updates to its Siri digital assistant. The Apple class action lawsuit alleges that on this news, the price of Apple stock fell. Then, on March 12, 2025, the Apple class action lawsuit further alleges that Morgan Stanley published a report in which analyst Erik Woodring lowered his price target on Apple from $275 to $252, asserting that the delay in introducing advanced Siri features would impact iPhone upgrade cycles throughout 2025 and 2026, and presenting evidence that roughly 50% of iPhone owners who did not upgrade to the iPhone 16 attributed their decision to such delays. On this news, the price of Apple stock fell further, according to the complaint. Thereafter, the Apple class action lawsuit alleges that on April 3, 2025, the Wall Street Journal published an article titled 'Apple and Amazon Promised Us Revolutionary AI. We're Still Waiting,' which stated, in relevant part, that '[w]ith 'more personal' Siri . . . , the tech giant[] marketed features [it] ha[s] yet to deliver,' and suggested that while 'this is challenging technology and the cost of getting it wrong is devastatingly high, especially for [a] compan[y] like Apple . . . that must build trust with customers,' 'the same responsibility applies to marketing: They shouldn't announce products until they're sure they can deliver them.' On this news, the price of Apple stock fell more than 7%, according to the complaint. Finally, on June 9, 2025, Apple hosted its Worldwide Developer Conference ('WWDC'), almost one year to the day after first announcing the suite of supposedly forthcoming Apple Intelligence features at the 2024 WWDC, and Apple failed to announce any new updates regarding advanced Siri features, according to the complaint. On this news, the price of Apple stock fell further, according to the complaint. Last year, Robbins Geller secured a $490 million recovery in a securities fraud class action case alleging Apple CEO Timothy Cook made false and misleading statements to investors – the third-largest securities class action recovery ever in the Northern District of California and the fifth-largest such recovery ever in the Ninth Circuit. In the order granting final approval of the settlement, the court recognized the 'skill and strategic vision, as well as the risk taken by [Robbins Geller]' in securing the sizeable recovery while efficiently managing the 'uniquely complex' aspects of the case against 'highly sophisticated and experienced counsel and defendants.' Learn more by clicking here. THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Apple securities during the Class Period to seek appointment as lead plaintiff in the Apple class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Apple class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Apple class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Apple class action lawsuit. ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Contact: Robbins Geller Rudman & Dowd LLP J.C. Sanchez, Jennifer N. Caringal 655 W. Broadway, Suite 1900, San Diego, CA 92101 800-449-4900 [email protected]
