Latest news with #Yu
Yahoo
2 hours ago
- Business
- Yahoo
Trump-Linked Toymaker Goes Crypto--Turns $5M Into $127M Overnight
A forgotten toymaker just became one of the hottest crypto plays of the yearand it all happened in less than a month. SRM Entertainment (NASDAQ:SRM), best known for hawking koala backpacks and Smurf-branded tumblers, saw its stock spike over 500% this week after announcing it would pivot into crypto under a new name: Tron Inc. The move came with a surprise twistJustin Sun, the controversial crypto entrepreneur, joined as an adviser. Behind the scenes, a small investment bank called Dominari Holdingswhere Donald Trump Jr. and Eric Trump now serve as adviserswas orchestrating the deal. SRM shares jumped from under $2 to over $9 before settling above $7. The biggest winner? A fund tied to Dominari scooped up a stake for $5 million in May. By Tuesday, that bet was worth $127 million. Warning! GuruFocus has detected 6 Warning Signs with SRM. This windfall wasn't random. Dominari played both sides of the deal. It arranged the original SRM investment for American Ventures LLC Series III SRM, a fund run by Dominari executive Soo Yuwho also happens to be married to the firm's president. Dominari and Yu were paid in warrants as part of the May deal, which grew from $230,000 to $3.8 million. Then this week, Yu's fund received another 5.36 million warrants for stepping in as advisernow worth more than $38 million. SRM plans to keep making toys while quietly building a stash of digital tokens tied to Sun's crypto platform. Obviously he's quite an impact player in this space, SRM's CEO Richard Miller said. It's a bet on convergence: old-school toys + new-school tokens. Zoom out, and this fits a bigger pattern. Dominari pivoted into investment banking less than three years ago, abandoning its biotech roots. Since then, it's been laying crypto breadcrumbsbuilding ventures like World Liberty Financial and American Bitcoin, both with Trump-linked ownership. Justin Sun has been a recurring face in those plays, too, despite a paused SEC lawsuit hanging over him. There's no indication the Trump brothers were involved in the SRM trades. But when your firm's address is Trump Tower, your executive team includes family friends, and your fund's crypto play just minted $100M+ on paper investors tend to pay attention. This article first appeared on GuruFocus. Sign in to access your portfolio
New York Post
20 hours ago
- New York Post
Member of NY AG Letitia James' security detail cuffs young woman who allegedly clipped his car in NYC, tense video shows
Tense video captures the moment an investigator assigned to New York Attorney General Letitia James' security detail cuffed a young woman who allegedly clipped his parked car in a Manhattan fender-bender this week. The clip — which has racked up more than 4,000 views since a witness posted it on TikTok — shows the woman's bronze Toyota and the investigator's black Ford Expedition touching each other in a V shape after the Wednesday collision. The investigator — identified by law enforcement sources as Nelson Yu, a retired NYPD detective who served for more than 20 years — appeared irate as he confronted the unidentified woman, who allegedly had been driving without a license. Advertisement 'This is my car,' he could be heard saying. 'Get out of the car and show some ID.' The driver did not show any identification when approached by Yu, according to a source familiar with the incident. Advertisement 'Get out of the car!' Yu repeated, before demanding that the woman turn around, handcuffing her behind her back and placing her in the back seat of his car. Attorney General's Office investigator Nelson Yu confronted and handcuffed a young woman after a fender-bender in Manhattan. TikTok/@editionbymisha The woman said something inaudible before Yu could be heard snapping back, 'Get in the car! You're not going anywhere!' Yu then pointed his finger as he spoke to another woman who appeared to know the handcuffed driver. Advertisement The woman's arrest was ultimately voided, the source said. The unidentified woman's arrest was ultimately voided, according to a source familiar with the investigation. TikTok/@editionbymisha 'On Wednesday evening, a civilian vehicle struck a parked car belonging to the Attorney General's security detail,' a spokesperson for James' office said in a statement. 'OAG is investigating this matter internally and will not have further comment at this time.' The black Ford was being used as part of James' security detail for the day, but she was not a passenger at the time and was out and about elsewhere, the source said.
New Straits Times
a day ago
- Entertainment
- New Straits Times
#SHOWBIZ: Ronald Cheng confirms divorce proceedings with Sammie Yu, denies low child support allegation
HONG KONG: Singer-actor Ronald Cheng has confirmed he is finalising his divorce from former TV news anchor Sammie Yu, whom he married in 2011. In a news report yesterday, the couple appeared at the Wan Chai Family Court on Tuesday for a closed-door hearing regarding their separation. Cheng, 53, was accompanied by his father, while Yu, 45, arrived with friends and legal counsel. Speaking to the media after the hearing, Cheng revealed that the judge had granted him permission to issue a public statement. He also disclosed that he is currently seeking custody of their two children: a 13-year-old daughter and a 10-year-old son. "I respect the court, which is why I've refrained from speaking publicly until now. The children are doing fine and are aware of the situation," Cheng said. Addressing earlier media reports, Cheng firmly denied claims that he had offered only HK$8,000 (approximately RM4,327) per month per child in support payments, calling the figure "significantly inaccurate." The claim, initially reported by East Week magazine in April, alleged that Yu found the proposed amount insufficient for covering their children's basic needs—a dispute said to have contributed to the breakdown of their marriage. "The rumour has affected me, my children, and my family," Cheng said in a statement shared on social media. "I want to clarify that we are in the process of finalising our divorce. I hope to protect our children and minimise the use of public resources." He added that the statement had been mutually agreed upon with Yu. Speculation surrounding the couple's relationship began in March when Yu posted photos of her birthday celebration without Cheng's presence. Further public interest was sparked when the couple unfollowed each other on Instagram. They had previously attended another court hearing in April but declined to comment at the time.
USA Today
2 days ago
- Sport
- USA Today
Kevin Yu odds to win the 2025 Travelers Championship
Kevin Yu odds to win the 2025 Travelers Championship Travelers Championship details and info Date: June 19-22, 2025 June 19-22, 2025 Course: TPC River Highlands TPC River Highlands Location: Cromwell, CT Cromwell, CT Previous Winner: Scottie Scheffler How to watch the Travelers Championship Thursday: The Golf Channel The Golf Channel Friday: The Golf Channel The Golf Channel Saturday: CBS (KBAK-Bakersfield, CA), The Golf Channel CBS (KBAK-Bakersfield, CA), The Golf Channel Sunday: CBS (KBAK-Bakersfield, CA), The Golf Channel Watch golf on Fubo! Yu odds to win the Travelers Championship PGA odds courtesy of BetMGM Sportsbook. Odds updated Wednesday at 8:57 AM ET. For a full list of sports betting odds, access USA TODAY Sports Betting Scores Odds Hub. Yu odds to finish in the top 5 at the Travelers Championship Yu odds to finish in the top 10 at the Travelers Championship Other betting markets for Yu at the Travelers Championship Yu recent performances Yu hasn't won any of the 16 tournaments he has participated in this season, though he has earned two top-five finishes. Yu has finished in the top five in two of his past four appearances.
Yahoo
3 days ago
- Yahoo
Appeal for missing elderly woman as police 'increasingly concerned'
A search has been launched for an elderly woman missing from Oxfordshire as police have said they are "increasingly concerned". Yu, whose surname has not been released, is missing from Wendlebury near Bicester. The 69-year-old woman has links to Abingdon, and an urgent appeal to help trace her has been launched by Thames Valley Police. READ MORE: Oxford off-licence owner to be sentenced after vapes seized She is described as Chinese, 5ft 3in tall, of slim build and with black hair. She was last seen wearing a cream trench coat. Experience the pulse of Oxford at your fingertips 🗞️ With our flash sale, Oxford Mail keeps you updated for less: only £4 for 4 months or save 40 per cent on an annual subscription. Don't miss out on what's happening locally #DigitalDeal #LocalJournalismhttps:// — Oxford Mail (@TheOxfordMail) June 16, 2025 A spokesperson for Thames Valley Police said: "We are becoming increasingly concerned for her welfare. "If you see Yu, believe you may have sighted her or have information that may help us, please call 999 quoting the incident reference 43250300946. "Yu enjoys walks and has links to Abingdon so please call 999 if you see her." Anyone with information about Yu's whereabouts can make a report by calling 101 or by contacting the police online.
