Latest news with #Ritter
Eater
3 days ago
- Entertainment
- Eater
2 Twin Cities Restaurants and Chefs Win James Beard Awards
Last night, the James Beard Foundation announced the winners of its Restaurant and Chef Awards, with two Twin Cities restaurants taking home awards for Best New Restaurant and Best Chef: Midwest. The Monday, June 16, ceremony at the Lyric Opera of Chicago also included new categories to honor the beverage industry, including Best New Bar, Outstanding Professional in Beverage Service, and Outstanding Professional in Cocktail Service. Find the full list of the 2025 James Beard Award winners here. Karyn Tomlinson, of Myriel in St. Paul, won in the Best Chef: Midwest category. Tomlinson quickly became known for her 'grandma cooking nouveau' style at Myriel after opening in 2021, combining her Scandinavian/Minnesotan heritage and French culinary training. Alluding to that 'grandma chic' cooking, Tomlinson dressed up in the same coral dress her grandmother wore when she was crowned the 'dazzle corn queen' in 1941, part of a celebration marking the University of Minnesota's efforts to identify cold-tolerant corn crops for Minnesota. She ended her acceptance speech with some Midwest pride, saying 'the Midwest is beautiful, the Midwest is diverse, the Midwest is tenacious and strong.' Bûcheron won the Best New Restaurant category, with co-owner Jeanie Janas Ritter accepting the Kingfield bistro's national award. Bûcheron was one of 10 nominees in the category, and the only restaurant from the Midwest and Great Lakes regions. (The only other Minnesota restaurant ever nominated in the category was Owamni, which brought home the award in 2022.) 'It's the neighborhood restaurant we always wanted in our neighborhood,' Jeanie Ritter said during her acceptance speech, adding that some of her guests have come out to Chicago to celebrate with them tonight and thanking them 'for making it possible to do what we love.' She and her husband Adam Ritter spoke to Eater earlier this month about how they built the 'Midwest French' restaurant so they could spend more time with their two toddlers. Fresh off the stage, Ritter shared with Eater that several customers and friends joined her in Chicago for the awards. 'We had regulars fly here and get tickets to be with us. We have my dear mentor who just passed away, her husband and best friend surprised us, which is just — I'm still trying to wrap my head around it,' she said. 'We have the best community, and we are so grateful for them.' As for what she and Bûcheron's supporters would be doing on Monday night to celebrate: 'Oh man, hopefully we're not going to get as drunk as we did last night, but it might be unavoidable. We're having fun.' In her speech, Ritter said that, 'Minnesota cuisine is defined by the ingredients rather than the technique.' It was a sentiment echoed by Tomlinson during a post-win interview in the press room. She was proud of both Myriel and Bûcheron's wins as both are 'proudly Minnesotan and Midwestern and are exploring that in different ways in our connections with farmers.' She hopes that the Midwest will be recognized more in the future for its diversity and the many cultures that define the cuisine of the heartland. Bar Brava did not take home a Beard in the new Outstanding Wine and Other Beverages Program. (Charleston in Baltimore brought home the win.) At the Media Awards on Saturday, June 14, Vinai chef Yia Vang and the Twin Cities PBS producers of Relish received an award in the Lifestyle Visual Media category. Here are the full lists of the Twin Cities's five finalists and 10 semifinalists for the 2025 James Beard Awards. Additional reporting by Brenna Houck. Disclosure: Some Vox Media staff members are part of the voting body for the James Beard Awards. Eater is partnering with the James Beard Foundation to livestream the awards in 2025. All editorial content is produced independently of the James Beard Foundation. See More:
Yahoo
5 days ago
- Politics
- Yahoo
Abstinence, patriotism and monogamy all required curriculum under new Ohio bill
COLUMBUS, Ohio (WCMH) — Ohio lawmakers proposed a bill that would require public schools to teach character education, including abstinence, patriotism and respect for religious faith. House Bill 269 would require public schools to teach grades 7-12 about a success sequence for a good life, including 15 distinct morals like punctuality and respect for authority. Under the bill, dubbed the THRIVE Act, districts could also invite religious and political groups to provide after-school instruction about morality. State, federal cannabis changes threaten Ohio festival's future 'The model curriculum shall consist of the value of finishing high school, working full-time, getting married before having children and instruction in the following character traits and fundamental values deeply rooted in the history and tradition of the United States,' the bill reads. The bill is co-sponsored by Reps. Kevin Ritter (R-Marietta) and Jonathan Newman (R-Troy). Ritter said the idea came after speaking with employers and colleges about a lack of soft skills in applicants, like interpersonal skills or emotional intelligence. 'When you talk about 'soft skills,' you are really talking about virtue,' Ritter said. 'Representative Newman and I thought it was important to bring attention to these long-time American values by reintroducing them to our schools in an intentional way.' The bill lists these 15 virtues as required education: Trustworthiness, including honesty, reliability, punctuality and loyalty Responsibility, including hard work, accountability, diligence, good judgment, perseverance and self-control Care for family, including parents, siblings, and future spouses and children Kindness and generosity toward others Respect and care for human life Respect for parental authority Respect for parents' obligations to children Respect for the property of other people Respect for legitimate authority and law Respect for patriotism, service to the community and concern for the common good Respect for religious faith, morality, wisdom and knowledge Respect for lifelong marriage, sexual fidelity within marriage and sexual abstinence outside of marriage Gratitude Charity Courage The bill would also require districts to teach the success sequence: graduating high school, getting a job and getting married before having children. 'Of course, this isn't the only pathway to a happy life,' Ritter said via email. 'Many people raised by single parents are successful. But the data shows that following this formula is the EASIEST way to be successful.' Fire engine shortage felt nationwide, not just Columbus The same sequence was introduced as possible required curriculum in the Senate earlier this year, although it has not advanced out of committee. As part of the character education program, school districts would be allowed to invite partisan groups into district instructional buildings after school for optional instruction. With parent consent, these programs would expand on the success sequence or character education through a philosophical, historical, traditional or religious lens. Under H.B. 269, districts could deny groups if the subject matter is not relevant, but they cannot otherwise exclude groups because of their viewpoints, including religious or political groups. Newman said this would be optional at no extra cost for school districts, adding that 'reinforcement is key.' Some of the character traits are already included in Ohio's learning standards. Ohio's sexual education standards emphasize abstinence, and the state's social emotional learning standards include things like responsibility and respect. Columbus social media influencer pleads guilty to $20 million Ponzi scheme When asked how some of the skills, like abstinence or fidelity, relate to building stronger interpersonal skills, Ritter reiterated that the bill does not outline the only path to success, just a strong one. Ritter said the bill is 'pro-public-school' and 'pro-teacher' in introducing concepts and skills that allow students to prosper. The bill had its first hearing in the House Education Committee on June 3 but does not have a second hearing scheduled at the time of publication. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
5 days ago
- Business
- Yahoo
US IPO Shares Doubling on Their First Day at Fastest Pace Since 2021
(Bloomberg) -- Stocks of newly-public companies are surging in their first sessions at the fastest pace in three and a half years, enthralling traders and heating up the market for US first-time share sales. Shuttered NY College Has Alumni Fighting Over Its Future As Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention Space As American Architects Gather in Boston, Retrofits Are All the Rage Drone maker Airo Group Holdings Inc. ended Friday with a gain of 140%, a day after raising $60 million in its initial public offering, and coming barely a week after stablecoin issuer Circle Internet Group Inc. surged 168.5% immediately following its $1.2 billion IPO. With conservative cable channel Newsmax Inc.'s wild 735% opening gain in March, following its $75 million offering, three companies raising at least $50 million on US exchanges this year have more than doubled on their first trading day, according to data compiled by Bloomberg. That's the most since nine US-listed debutantes managed the feat in 2021's IPO boom. These spectacles may be thrilling to watch, but history shows extreme day-one pops rarely reward investors in the long run. Professional traders and retail investors often drive a first-day rally, snapping up the stock as early as they can and riding the momentum. Most of these buyers weren't able to get their hands on the shares during the IPO itself, however. That's because companies prefer to allocate shares sold in IPOs to mutual funds that base their investment strategies on a fundamental view of a company's prospects, and that, notionally at least, have committed to remain long-term backers. Not surprisingly, outsized first-day performances fueled by momentum and retail buying offer a poor guide to a company's long-term prospects. Between 1980 and 2023, there were 316 companies listing on US exchanges whose shares doubled in their first day of trading, excluding those with offer prices below $5 per share, units and American depositary receipts, according to data compiled by Jay Ritter, professor of finance at the University of Florida. Nearly 90% of these IPOs had negative three-year buy-and-hold returns versus the price at which they closed their opening session, and the average loss was a painful 46%, Ritter's data showed. A cluster of first-day doubles usually coincides with market peaks like the Internet bubble of 1999 and 2000, when more than 100 companies that doubled in price, though most faded into obscurity, Ritter said. Firms likely to pop include fast-growing companies with retail-investor enthusiasm, Ritter said, citing Newsmax as a recent example. 'What's true about most of these companies is that they are not mature and they are hard to value.' Early Optimism Numerous companies that rewarded investors richly on debut ran into financial difficulties that made a mockery of investors' early optimism. Online used car retailer Vroom Inc., which returned 118% in its first day of trading post-IPO in June of 2020, is a representative example. The company filed for Chapter 11 last year, and emerged in January after completing a recapitalization that included an arrangement similar to a one-for-five reverse stock split. Living up to the promise implied by stunning day-one pops can prove hard even for corporate titans. Airbnb Inc. and Snowflake Inc. were the highest profile of the nine 2021 IPOs that doubled in their first session, but their shares now trade a little below that day-one closing price. A few companies with day-one doubles do become lasting winners. Chipotle Mexican Grill Inc. did so well in the years since its debut in 2006 that it announced a 50-for-one split last year. In Airo's case, some of it was good timing. The IPO came just days after President Donald Trump issued executive orders to promote the domestic drone business, and as an escalating conflict in the Middle East underscored the value of cutting-edge drone technology. 'I don't think we expected it to go up that much,' Chirinjeev Kathuria, Airo's executive chairman and co-founder, said in an interview with Bloomberg News on Friday. The company also allocated 70% of the 6 million shares to just five investors, people familiar with the offering have said. 'We went with a smaller offering size to bring in long-only investors that believe in the story,' Kathuria said. Relative Calm After April's extreme volatility that brought the market for first-time share sales to a halt, a few weeks of relative calm helped revive enthusiasm for IPOs. Companies were looking to take advantage of an open market window that could close quickly, according to Greg Martin, the managing director of private markets trading platform Rainmaker Securities. The current crop of IPOs were generally coming at attractive discounts relative to peers, Martin said. Still, it remains to be seen how long the US IPO market can keep delivering big early wins, particularly with ongoing trade tensions and the conflict between Iran and Israel. Some companies that produced big initial gains in the past month have already pulled back substantially from their day-one close. Newsmax is only 24.2% above its IPO price as of Friday. Shares of digital health firm Omada Health Inc. finished last week down 10% from its IPO price despite debuting up 21.1% on June 6. Adtech firm MNTN Inc. rose 64.8% in its first session but ended last week up just 15.7%. 'There's still a question mark as to whether we return to a more chaotic environment,' Rainmaker's Martin said. American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software How a Tiny Middleman Could Access Two-Factor Login Codes From Tech Giants New Grads Join Worst Entry-Level Job Market in Years As Companies Abandon Climate Pledges, Is There a Silver Lining? ©2025 Bloomberg L.P. 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
The Star
10-06-2025
- Entertainment
- The Star
All-American Rejects frontman Tyson Ritter launches free OnlyFans account
Tyson Ritter says his OnlyFans followers can expect 'full-frontal rock and roll', though he kept what he meant by that deliberately vague. Photo: TNS All-American Rejects frontman Tyson Ritter is planning to go 'full-frontal' on OnlyFans. The 41-year-old rocker shared the career update while promoting the band's latest singles. 'I'm starting an OnlyFans. And the All-American Rejects are behind me doing it,' he told GQ in a new interview. Ritter said his OnlyFans followers can expect 'full-frontal rock and roll,' though he kept what he meant by that deliberately vague. Subscriptions are currently free for exclusive content, though Ritter joked that he wouldn't be against charging '69 cents' just because he's 'cheeky.' The decision to launch an account on the platform, typically known for its sexual content, came after the band went viral for performing 12 surprise concerts over the course of 10 days at tiny venues across the country. 'I don't think anybody would have expected the All-American Rejects to make a ripple in the water ever again,' Ritter said about their recent resurgence. 'So the excitement behind this whole thing is like, Where else can we be disruptive?' Ritter said they've always been a band who's got 'a tongue bursting through the cheek,' so why not ride the wave with 'a little peen bursting through a zipper' on OnlyFans. The All-American Rejects was formed in Oklahoma in 1999 and reached peak popularity in the mid-to-late aughts with hits like Gives You Hell and Dirty Little Secret . Its last studio album, Kids In The Street, was released in 2012. Following an unofficial hiatus that began around 2020, the band announced its latest album this March. Its new songs Sandbox and Easy Come Easy Go were both released on Thursday. A 'dirty version' of the latter track is available on OnlyFans. – New York Daily News/Tribune News Service
Yahoo
06-06-2025
- Business
- Yahoo
Circle IPO leaves $1.72 billion on the table, seventh biggest underpricing in decades
Here we go again. Traditionally, IPOs are a great deal for Wall Street and its prized clients, not so much for the companies the investment banks take public. Those fabled outfits argue that if they price the shares for the underwriting low enough, so that the hedge and mutual funds and other financial institutions that subscribe get a big 'pop' the first day of trading, the grateful buyers will repay the favor by staying loyal and holding for the long term, providing a steadfast ownership base going forward. Whatever the real benefits of that arrangement may be to the issuer, it most often comes at an enormous cost. Though we haven't seen many IPOs, and hence much underpricing recently, we've just witnessed an outstanding case of the phenomenon in action. It's one for the ages, and specifically, this case's stunning dimensions exemplify the craziness that typifies the surreal Age of Crypto. On June 5, Circle Internet Group, issuer of the highly successful stablecoin USDC, debuted on the New York Stock Exchange (ticker: CRCL). In the days prior, the deal team led by JP Morgan, Citigroup and Goldman Sachs sold 34 million shares to institutional purchasers at $31 per share. Hence, the offering raised $1.1 billion in cash that in its prospectus, Circle stated that it plans to deploy for 'investment in new products,' 'potential acquisitions,' and 'investment in expanding awareness.' By 1:00 PM, Circle (CRCL) had jumped to $95, and then drifted downwards to close at $82.84, still posting a 167% gain for the day. The rub: Circle could have piled more than twice as much into its treasury had it gotten full price. It appears that the $31 per share that Circle collected in the underwriting was nearly $52 less than what investors were willing to pay once its stock hit the open market. If Circle had pocketed the full $82.84 where its shares closed the day, it would have collected $2.82 billion instead of $1.1 billion. So the process led the crypto highflier to forego $1.72 billion that it could have added to its cash horde. In the annals of 'amounts left on the table' from IPOs, that $1.72 billion is big. Jay Ritter, a professor at the University of Florida and the world's leading expert on IPOs, told Fortune that the figure ranks seventh largest for all offerings since 1980. The underwriting versus first day price shortfall is only exceeded by the instances of Visa, Airbnb, Snowflake, Rivian, DoorDash, and Coupang (the South Korean e-commerce platform that sacrificed just a tad more on its 2021 outing at $1.85 billion). The $1.72 billion that went to first day gains for the Wall Street favorites and not to Circle is almost exactly twice the $849 million in cash that, as the prospectus disclosed, the USDC purveyor held on its balance sheet prior to the offer. At the market close, Circle's market cap sat at a towering $16.6 billion. That's gives Circle a PE of 106 based on its net earnings of $157 million in 2024, making it according to Ritter 'an incredibly expensive way to get exposure to cryptocurrencies.' He notes that Circle makes money by issuing USDC, on which it pays nothing to holders, and collects interest garnered by channeling the proceeds into what appear to be Treasuries and other 'safe' fixed income securities that as of Q1, were yielding around 4.2%. To grow into its big multiple, Circle needs to mint huge new quantities of the stablecoin so that its spread income rises at a rapid rate. 'It all depends if they can grow fast enough and get away without paying interest,' says Ritter. 'For that to happen, stablecoins would have to become a preferred way for people to make transactions. What if their coin turns out to be incredibly lucrative, which is what needs to happen given that PE? In that case, a competitor could come in and pay interest,' and grab a big chunk of the stablecoin market from Circle. Put simply, if competition rises and times get tough, Circle and its shareholders may sorely miss the extra almost $1.7 billion that went to first day gains for the underwriters' clients and not into it coffers. That's over ten-times its profits for last year. Considering the risks in the Circle business model that hinges on virtually creating a revolutionary new medium of exchange, losing that 'rainy day' cushion, what now seems a minor sacrifice amid all the hoopla, may someday loom large. This story was originally featured on 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
