position

ATHENS, Greece — Kimberly Guilfoyle, a former California prosecutor, television personality and close ally of President Trump, officially took office Tuesday as the first U.S. female ambassador to Greece.

Guilfoyle, 56, who was once engaged to Donald Trump Jr., presented her diplomatic credentials to Greek President Constantine Tassoulas after being sworn in Sept. 29 in Washington.

The former Fox News host’s arrival comes as the United States works to boost liquefied natural gas exports to eastern Europe through Greek port facilities.

U.S. Energy Secretary Chris Wright and Interior Secretary Doug Burgum are expected in Athens this week for talks focused on expanding Western gas exports to war-torn Ukraine through a modified multinational pipeline network.

Guilfoyle and the visiting officials are scheduled to meet with Greek Prime Minister Kyriakos Mitsotakis and attend ministerial meetings organized by the Washington-based Atlantic Council.

Since 2018, Greece and the United States have strengthened military ties, including expanding U.S. access to Greek bases and increased involvement of American defense contractors in Greece’s multibillion-dollar armed forces modernization program.

Guilfoyle attended a black-tie welcome reception over the weekend in Athens. Joined by local business leaders and several Cabinet members, she took part in a lively Greek dance — linking arms with other guests and keeping pace as the music sped up.

“I know we will do amazing things for these two exceptional countries,” she told attendees. “I will not disappoint the United States of America. I shall not disappoint Greece.”

At Tuesday’s ceremony, Guilfoyle presented her credentials after the new ambassadors from Norway, Harriet Berg, and Canada, Sonya Thissen.

Piastri, meanwhile, cut a somewhat forlorn figure. He had a difficult weekend in the US a week ago and thought he had found the answers. But as he put it: “What’s been a bit surprising here has just been that the gap has been the same pretty much every session.

“I feel like I’ve done some decent laps through the weekend, but everything seems to be about 0.4-0.5secs off.”

Team principal Andrea Stella said Piastri was losing a little bit everywhere, and Piastri said: “I feel like I did a reasonable job and the car felt reasonable as well. So, yeah, the lack of lap time is a bit of a mystery.”

Piastri has been off Norris’ pace whether on short runs or long, low fuel or high, so it is more in hope that he said of the race: “If I can unlock the pace in the car, we can have some fun. We’ve just got to try to unlock it.”

This is now Piastri’s fifth difficult weekend in a row, his form mysteriously evaporating since he won in the Netherlands at the end of August.

He did not talk directly about what this means for the championship, but there was no hiding the meaning behind one of his comments: “There’s a lot of things I could worry about, but ultimately being that far off when you feel like you’ve done a reasonable job is a difficult place to be. And so that’s my biggest concern at the moment.”

Stella said that the conditions in Mexico, like those in Austin, are ones in which Norris thrives and Piastri is less comfortable – low grip, hot tyres.

And he said that “every evidence, every piece of data, every indirect measurement of information we have, tells us that there is no problem with the car”.

He added that it was “good” for McLaren to be able “to confirm that we can have the fastest car”, adding that their “focus is to stop the momentum of Verstappen”.

Hi, and welcome to another edition of Prep Rally. I’m Eric Sondheimer. With two weeks left in the football regular season, teams are trying to wrap up league titles. But one thing we’ve already learned: St. John Bosco’s collection of receivers are second to none.

Carson Clark of St. John Bosco catches 62-yard touchdown pass and leaves Logan Hirou of Santa Margarita chasing him.

(Craig Weston)

When you have four top receivers and spread the ball to each, you are close to unbeatable. That’s what St. John Bosco has with receivers Madden Williams, Carson Clark, Daniel Odom and DJ Tubbs. Each caught a touchdown pass from quarterback Koa Malau’ulu in a 27-14 win over Santa Margarita last week. Here’s the report.

Upon further reflection, this has to be the best receiving group ever for St. John Bosco, which is 8-0. When Malau’ulu has time to throw and the Braves mix in a little running, their offense is something else. Williams, a Texas A&M commit, has improved every season. Odom, an Oklahoma commit, and Clark, a San Jose State commit, patiently waited their turns. And Tubbs, only a sophomore, is a future college commit.

Los Alamitos won its eighth consecutive football game and first in the Alpha League with a 41-22 win over Edison.

The player drawing rave reviews is running back/defensive back/punter Lenny Ibarra, who’s committed to Army and rushed for 216 yards and two touchdowns while repeatedly refusing to go down unless tackled by multiple players. One opposing coach sent me a text: “Ibarra=Skattebo,” referring to the former Arizona State running back Cam Skattebo, known for his punishing running.

Los Alamitos closes the regular season with games against San Clemente this week and a showdown against Mission Viejo on Oct. 30.

Caden Jones of Crean Lutheran continues to be one of the best athletes in Southern California. The starting point guard for the basketball team, he’s also a terrific quarterback. He passed for 314 yards and five touchdowns in a win over La Habra.

Crespi took control of the Del Rey League race with a 31-16 comeback win over Salesian. Somto Nwute had three sacks for the unbeaten Celts (8-0).

It was a big week for freshman quarterbacks. Ezrah Brown of Orange Lutheran was 17 for 17 passing for 368 yards and three touchdowns in a win over JSerra. Ford Green of Westlake passed for 287 yards and three touchdowns in a double overtime win over Newbury Park. Westlake, 0-10 last season, is 8-0. Marcus Washington of Cajon passed for 238 yards and three touchdowns in a win over Redlands East Valley.

Long Beach Wilson defeated Long Beach Poly for the first time since 1991.

The Southern Section is scheduled to announce the site for its Division 1 championship game on Monday, and the speculation is a return to the Rose Bowl, where St. John Bosco and Mater Dei played in 2022, drawing almost 16,000.

Here’s a list of top individual performances from last week.

Here’s this week’s top 25 rankings by The Times.

Here’s this week’s complete schedule.

What a week it was for City Section football.

Garfield running back Ceasar Reyes set a school record with 420 yards rushing and four touchdowns in win over South Gate

(Nick Koza)

Ceasar Reyes of Garfield turned in the greatest performance by a running back in Bulldogs history, rushing for 420 yards in 42 carries and scoring four touchdowns in a 39-28 win over South Gate that clinched at least a share of the Eastern League title. Here’s the report. It’s now time for the game that draws the largest regular season crowd: the East Los Angeles Classic. Garfield faces Roosevelt on Friday at East Los Angeles College.

Palisades improved to 8-0 and clinched at least a share of the Western League championship by holding off University 19-17. University had the ball on the Palisades eight-yard line with 49 seconds left when a lost fumble cost the Warriors a potential huge upset victory.

King/Drew defeated Dorsey 17-16 to set up a Coliseum League title decider on Friday night at Crenshaw.

Eagle Rock is going to be the Northern League champion after defeating Franklin 42-28. Quarterback Liam Pasten passed for 290 yards and four touchdowns and Melion Busano rushed for 92 yards and one touchdown, caught a touchdown pass and had an 81-yard kickoff return.

Here’s this week’s top 10 City rankings by The Times.

‘The Lion’ roars at Eagle Rock

Senior Melion Busano of Eagle Rock has become one of the best running backs in the City Section after never playing football until sophomore year.

(Eric Sondheimer / Los Angeles Times)

Melion Busano has become one of the best City Section running backs at Eagle Rock in his senior season, and how he even started playing football in his sophomore year is a story itself.

Here’s the report.

Lessons from Max

Loyola’s Max Meier (97) rushes against Gardena Serra at SoFi Stadium.

(Craig Weston)

Stanford-bound Max Meier of Loyola lost his home to the Palisades fire and lost his best friend, Braun Levi, to a suspected drunk driver. The lessons he has learned this year alone and his attitude of giving his all every day is something inspirational.

Here’s the report.

The Southern Section flag football playoffs begin this week, with unbeaten JSerra (23-0) seeded No. 1 in the Division 1 bracket.

Here’s the complete brackets.

JSerra owns two wins over No. 2-seeded Orange Lutheran, the defending Division 1 champion. This is a much more balanced Division 1 bracket, with lots of challenges ahead for all 16 teams. JSerra hosts Trabuco Hills on Thursday and Orange Lutheran hosts Redondo Union. Nine of the 16 teams are from Orange County.

Dos Pueblos quarterback Kacey Hurley.

(Michael Owen Baker/For The Times)

Ventura County is represented by a top opener, with Oxnard playing at Camarillo. Dos Pueblos is another title contender, hosting Etiwanda.

Girls volleyball

Sierra Canyon is seeded No. 1 for the Southern Section Division 1 girls volleyball playoffs.

Here’s the link to complete pairings.

Notes . . .

Long Beach Poly’s football team has forfeited a nonleague game against Tustin because of an ineligible player, dropping to 3-5. . . .

Newport Harbor’s water polo team won the North-South challenge championship, defeating Cathedral Catholic 15-11 in the final, avenging its only defeat during a 25-1 regular season. . . .

Wrestler Michael Kase from Chaminade has committed to Cal Poly. . . .

Kicker AJ Salo of Chaminade has committed to the University of Chicago. . . .

Junior swimmer Chloe Teger of Villa Park has committed to North Carolina State. . . .

Redondo Union will be hosting a terrific group of girls basketball teams Nov. 24-29, including defending state champion Etiwanda. . . .

Tajh Ariza (right) and Malachi Harris of Westchester celebrate after winning the City Section Open Division title on Friday night.

(Nick Koza)

Tajh Ariza, the 6-foot-9 senior who had transferred from Westchester to St. John Bosco, has now left St. John Bosco and will enroll at a prep school. Ariza is committed to Oregon and was the co-City Section player of the year last season at Westchester. . . .

Junior infielder Sam Pink of Great Oak has committed to San Diego State for baseball. . . .

Cornerback Jayden Crowder from Santa Margarita has committed to USC. . . .

At the Orange County cross-country championship, Woodbridge junior Aidan Antonio set a course record at 13:56. Irvine senior Summer Wilson won the girls sweepstakes race in 15:47.3.

From the archives: Miller Moss

Former Bishop Alemany quarterback Miller Moss in 2019. He led Louisville to an upset of No. 2 Miami.

(Eric Sondheimer / Los Angeles Times)

It’s been a long journey for former Bishop Alemany and USC quarterback Miller Moss. Last week, he helped Louisville upset No. 2 Miami.

Good grades and good patience have always been the impressive qualities displayed by Moss. He missed his senior year in 2020, which was the COVID season. He spent 2021 through 2024 at USC. After leaving USC, there was little doubt he’d have success wherever he ended up. Louisville offered a new beginning.

Here’s a story from 2020 on his decision to choose USC out of high school.

Here’s a story from 2024 when Moss fulfilled a dream, being named the starting quarterback at USC.

Here’s a story from last summer when Moss returned to hold a youth camp after losing his home to the Palisades fire.

Recommendations

From Nebraska, a story on how transfers are changing high school sports.

From ESPN, a story about a lawsuit in Ohio trying to allow high school athletes to profit off NIL.

From Footballscoop.com, a story on a coach in Pennsylvania having to resign under parental pressure after disciplining players.

From the Los Angeles Times, a story on former Loyola and UCLA quarterback Jerry Neuheisel.

Tweets you might have missed

Until next time….

Have a question, comment or something you’d like to see in a future Prep Rally newsletter? Email me at [email protected], and follow me on Twitter at @latsondheimer.

Did you get this newsletter forwarded to you? To sign up and get it in your inbox, click here.

On October 17, 2025, hedge fund TB Alternative Assets Ltd. disclosed a new position in Strategy (MSTR 2.12%), formerly known as MicroStrategy, acquiring 126,000 shares for an estimated $40.6 million.

IMAGE SOURCE: GETTY IMAGES.

What happened

According to a filing with the Securities and Exchange Commission dated October 17, 2025, TB Alternative Assets Ltd. disclosed a new position in Strategy during the third quarter ended September 30, 2025. The fund reported owning 126,000 shares worth $40.6 million. The purchase corresponds to an estimated $40.6 million transaction value, calculated using average prices for the reporting period ended September 30, 2025.

What else to know

This new position represents 6.1% of TB Alternative Assets Ltd.’s reportable U.S. equity AUM as of September 30, 2025.

TB Alternative Assets’ top holdings after the filing are:

• META: $76.97 million (11.5% of AUM) as of September 30, 2025
• GOOG: $58.56 million (8.8% of AUM) as of September 30, 2025
• INTC: $51.26 million (7.7% of AUM) as of September 30, 2025
• PDD: $45.72 million (6.8% of AUM) as of September 30, 2025
• MSTR: $40.60 million (6.1% of AUM) as of September 30, 2025

As of October 16, 2025, shares were priced at $283.84, up 34.3% over the past year and outperforming the S&P 500 by 32.8 percentage points during the same period.

Company Overview

Company Snapshot

Strategy provides enterprise analytics solutions, enabling organizations to derive insights from data at scale. The company leverages its robust software platform and specialized services to address complex business intelligence needs for large enterprises.

Strategy offers enterprise analytics software, including a software platform with features such as hyperintelligence, data visualization, reporting, and mobile analytics.

The company generates revenue primarily through software licensing, support services, consulting, and education offerings for enterprise clients. It serves a diversified customer base across industries such as retail, finance, technology, healthcare, and the public sector.

Foolish take

Hedge fund TB Alternative Assets’ investment in Strategy shares is noteworthy for a few reasons. The buy represents an initial position in the stock. Moreover, the hedge fund went big with the purchase, putting Strategy shares into its top five holdings. Lastly, those top holdings are dominated by tech stocks, and although Strategy began as a data analytics software platform, it’s now more of a cryptocurrency play.

Strategy became the first publicly-traded company to buy Bitcoin as part of its capital allocation strategy back in 2020. Since then, it has transformed into “the world’s first and largest Bitcoin Treasury Company,” according to Strategy.

As of July 29, the company holds 3% of all Bitcoin in existence. This brought its Q2 total assets to $64.8 billion with $64.4 billion of that in digital assets. As a result, Strategy’s fortunes rise and fall with the value of the cryptocurrency rather than its software products.

So far, the gamble has paid off. As Bitcoin’s value has risen, so has Strategy’s stock. And now, the company is leveraging its cryptocurrency holdings to offer various Bitcoin-related investment vehicles.

TB Alternative Assets may have found this new direction for the former MicroStrategy a compelling case for investing in the stock. If you’re seeking exposure to Bitcoin, Strategy offers a unique take, and with the stock down from its 52-week high of $543 reached last November, now may be a good time to buy.

Glossary

13F AUM: The total market value of U.S. equity securities reported by an institutional investment manager in quarterly SEC filings.
Position: The amount of a particular security or asset held by an investor or fund.
Stake: The ownership interest or share held in a company by an investor or fund.
Holding: A security or asset owned by an investor or fund, often listed in portfolio disclosures.
Outperforming: Achieving a higher return compared to a specific benchmark or index over a given period.
Enterprise analytics: Software and tools that help organizations analyze large-scale data to support business decision-making.
Business intelligence: Technologies and strategies used to analyze business data and support better decision-making.
Software licensing: The practice of granting customers the right to use software under specific terms and conditions.
Support services: Assistance provided to customers for software maintenance, troubleshooting, and technical issues.
Consulting: Professional advisory services that help organizations implement and optimize software or business processes.
TTM: The 12-month period ending with the most recent quarterly report.
Reportable U.S. equity AUM: The portion of assets under management invested in U.S. stocks that must be disclosed in regulatory filings.

Investment advisor Paradiem, LLC disclosed a new purchase of Owens Corning (OC 0.58%), adding 85,047 shares in Q3 2025, an estimated $12.48 million trade based on the average price for the quarter ended Sept. 30, 2025.

IMAGE SOURCE: GETTY IMAGES.

What happened

According to a filing with the Securities and Exchange Commission dated October 17, 2025, Paradiem, LLC increased its stake in Owens Corning substantially during the third quarter. The fund acquired 85,047 additional shares, bringing its total position to 94,067 shares, with a quarter-end reported value of $13.31 million.

What else to know

Paradiem, LLC’s addition brings Owens Corning to 3.1% of 13F reportable assets as of Q3 2025.

Paradiem’s top holdings after the filing as of September 30, 2025 are:

• NASDAQ:LRCX: $27.44 million (6.4% of AUM)
• NYSE:TEL: $19.53 million (4.55% of AUM)
• NYSE:VLO: $17.87 million (4.2% of AUM)
• NYSE:LMT: $16.13 million (3.76% of AUM)
• NYSE:CAT: $15.79 million (3.7% of AUM)

As of October 17, 2025, shares of Owens Corning were priced at $126.96, with a one-year change of -33.04%, underperforming the S&P 500 by 45.03 percentage points.

Company Overview

Company Snapshot

Owens Corning is a leading global manufacturer specializing in insulation, roofing, and fiberglass composite products, with a diversified revenue base across construction and industrial end markets. The company leverages its scale and integrated operations to deliver essential building materials to a broad customer base.

Owens Corning manufactures and markets insulation, roofing, and fiberglass composite materials across three segments: composites, insulation, and roofing. It generates revenue through direct sales and distribution of building materials, glass reinforcements, insulation products, and roofing components to construction and industrial markets worldwide.

The company serves insulation installers, home centers, distributors, contractors, and manufacturers in residential, commercial, and industrial sectors.

Foolish take

Financial services company Paradiem upped its stake in Owens Corning in a big way. The stock went from 0.3% of the fund’s holdings to 3.1% in Q3. This action demonstrates a belief in Owens Corning despite shares being down significantly from the 52-week high of $214.53 reached last November.

Owens Corning stock is down this year due to macroeconomic conditions, such as higher interest rates and persistent inflation, which caused a slowdown in the construction sector. The company also underwent changes, such as divesting businesses in China and South Korea, to sharpen its focus, particularly on the North American and European markets.

Despite these factors, Owens Corning delivered 10% year-over-year sales growth in the second quarter to $2.75 billion. And its moves to divest less profitable businesses resulted in Q2 diluted earnings per share increasing 34% year over year to $3.91 for its continuing operations.

With the company’s stock down but its financials looking solid, Paradiem may have taken the opportunity to scoop up shares. After all, the Federal Reserve is widely expected to cut interest rates soon, which can help to stimulate the construction industry. These factors make Owens Corning a compelling investment, especially while its stock is down.

Glossary

13F reportable assets: Assets that institutional investment managers must disclose quarterly to the SEC, showing certain equity holdings.
AUM (Assets Under Management): The total market value of investments that a fund or manager oversees on behalf of clients.
Stake: The ownership interest or number of shares held in a particular company by an investor or fund.
Quarter-end: The last day of a fiscal quarter, used as a reference point for financial reporting.
Dividend Yield: Annual dividends paid by a company divided by its share price, expressed as a percentage.
TTM: The 12-month period ending with the most recent quarterly report.
Filing: An official document submitted to a regulatory authority, often containing financial or ownership information.
Segments: Distinct business divisions within a company, often based on product lines or markets served.
Distribution: The process of delivering products from manufacturers to end customers or intermediaries.
End markets: The industries or customer groups that ultimately use a company’s products or services.

The debate over whether Mookie Betts can play shortstop was settled long ago.

The debate now is whether Mookie Betts can play shortstop better than anyone in baseball. That discussion may soon be drawing to a close, too.

Because a day after being named a finalist for a Gold Glove, Betts put a huge exclamation point on Thursday’s 3-1 playoff win over the Milwaukee Brewers with a spectacular play to start the ninth inning.

The victory leaves the Dodgers a win away from advancing to their second straight World Series, a journey they could complete Friday in Game 4 of the National League Championship Series. And a big reason they’re there is the steady defense of Betts, a six-time Gold Glove winner in the outfield who has made the difficult move to the middle of the infield seem easy.

“I think the only person on this planet that believed that Mookie Betts would be in this conversation was Mookie Betts,” Dodger manager Dave Roberts said. “It’s just something that has never been done. I can’t even — it’s incredible. Obviously I’m at a loss for words.”

Betts tried the position last year but Roberts said the confidence wasn’t there, so he moved Betts back to the outfield. There was no chance that would happen this fall.

Few understand the difficulty of what Betts has done more than those who have played the position. Yet Miguel Rojas, the man Betts replaced at shortstop — and a Gold Glove finalist himself this season as a utility player — said he’s not surprised because he has seen how hard Betts works.

“He doesn’t take days off,” Rojas said of Betts, who is frequently among the first players on the field for pregame drills and among the last to leave. “Even when we have an off day, he’ll still go out there and is asking ways to get better. I think it’s a product of being a relentless worker every single day. He’s never satisfied. He’s always trying to get better.

“For me to be there every single day to watch him perform and watch his work ethic, it’s been impressive.”

Part of that work, Betts said, involves watching video of every fielding play he makes. That includes the brilliant ones, like the ninth-inning play Thursday in which he ranged in the hole to backhand Andrew Vaughn’s grounder, then rose up and delivered a strong one-hop jump throw across his body to first baseman Freddie Freeman to get Vaughn easily.

“I go back and watch all my plays, even the routine ones, just to learn what I can do better,” he said.

Asked if he’s ever surprised by what he sees, Betts, who has yet to make an error in the playoffs, shrugged.

Dodgers shortstop Mookie Betts makes a leaping, cross-body throw to retire Andrew Vaughn at first base during the ninth inning of Game 3 of the NLCS on Thursday at Dodger Stadium.

(Robert Gauthier / Los Angeles Times)

“I’m just doing my job. I’m just doing my job going out there and playing short, that’s all.

“Once I get to the ball, I believe and trust in my athletic ability to make a play.”

Rojas, who has played six positions in the majors, said shortstop is such a hard place to play because of the mental focus it demands. An outfielder might be able to think about his hitting for a few pitches, but the shortstop, who quarterbacks the infield, doesn’t have that luxury.

“In the middle of the year he was in a slump offensively. But he never let the defense down. And that’s really impressive,” Rojas said. “He always said it to me, ‘Even though I’m sucking right now at hitting, I’m never going to be bad at defense. And I’m going to catch every single ball.’

“That’s the mentality that you have to have to be a really good shortstop.”

In the postseason, he’s become a really good offensive shortstop as well. After slumping to a career-low .258 average in the regular season, Betts is slashing .297/.381/.459 and shares the team lead with 11 hits and five extra-base hits in the postseason.

However, the numbers and the awards mean little to him, he said; Betts cares far more about winning. And as for proving himself at shortstop? Others, including his manager, may be surprised, but he isn’t.

“I know I could do it. I believed in myself. I always have belief in myself,” he said. “It was a goal to be the best I could be. If it came with a Gold Glove, cool. If it didn’t come with a Gold Glove, cool.

“I can go to bed at night knowing that I did everything I could. That’s all I care about.”

Just a season ago there were mornings when he’d get out of that bed wishing he could go back to right field. That doesn’t happen anymore.

“I would say the best athletes are the guys in the dirt,” he said. “It was fun while it lasted. I enjoy being in the dirt now.”

High school basketball in Southern California will be without one of its finest coaches this season.

Stephen Singleton, who guided Eastvale Roosevelt to state and Southern Section Open Division championships last season, announced his retirement from coaching on Thursday after 10 years at Roosevelt and 25 years in the business. He will continue as a teacher.

Singleton intends to spend more time coaching his young son.

He also won a state Division I title in 2017 with Roosevelt and won a state Division II title coaching briefly at Dominguez in Compton in 2001.

He was The Times’ coach of the year for the 2024-25 season.

With official basketball practice starting soon, Roosevelt intends to open the position to all candidates, but there’s two assistants who are teachers at the school that could possibly ease the transition if they are interested in the head coaching position.

The public release of a Young Republican group chat that included racist language, jokes about rape and flippant commentary on gas chambers prompted bipartisan calls for those involved to be removed from or resign their positions.

The Young Republican National Federation, the GOP’s political organization for Republicans between 18 and 40, called for those involved to step down from the organization. The group described the exchanges, first reported by Politico, as “unbecoming of any Republican.”

Republican Vice President JD Vance, however, has weighed in several times to speak out against what he characterized as “pearl clutching” over the leaked messages.

Politico obtained months of exchanges from a Telegram conversation between leaders and members of the Young Republican National Federation and some of its affiliates in New York, Kansas, Arizona and Vermont.

Here’s a rundown of reaction to the inflammatory group chat, in which the operatives and officials involved openly worried that their comments might be leaked, even as they continued their conversation:

Vance

After Politico’s initial report Tuesday, Vance posted on X a screen grab from 2022 text messages in which Jay Jones, the Democratic candidate in Virginia’s attorney general race, suggested that a prominent Republican get “two bullets to the head.”

“This is far worse than anything said in a college group chat, and the guy who said it could become the AG of Virginia,” Vance wrote Tuesday. “I refuse to join the pearl clutching when powerful people call for political violence.”

Jones has taken “full responsibility” for his comments and offered a public apology to Todd Gilbert, who then was speaker of Virginia’s House of Delegates.

Vance reiterated his initial sentiment Wednesday on “ The Charlie Kirk Show ” podcast, saying when asked about the reporting that a “person seriously wishing for political violence and political assassination is 1,000 times worse than what a bunch of young people, a bunch of kids say in a group chat, however offensive it might be.”

Vance, 41, said he grew up in a different era where “most of what I, the stupid things that I did as a teenager and as a young adult, they’re not on the internet.”

The father of three said he would caution his own children, “especially my boys, don’t put things on the internet, like, be careful with what you post. If you put something in a group chat, assume that some scumbag is going to leak it in an effort to try to cause you harm or cause your family harm.”

“I really don’t want to us to grow up in a country where a kid telling a stupid joke, telling a very offensive, stupid joke is cause to ruin their lives,” Vance said.

Republicans

Other Republicans demanded more immediate intervention. Republican legislative leaders in Vermont, along with Gov. Phil Scott — also a Republican — called for the resignation of state Sen. Sam Douglass, revealed to be a participant in the chat. A joint statement from the GOP lawmakers termed the comments “unacceptable and deeply disturbing.”

Saying she was “absolutely appalled to learn about the alleged comments made by leaders of the New York State Young Republicans,” Rep. Elise Stefanik of New York called for those involved to step down from their positions. Danedri Herbert, chair of the Kansas GOP, said the remarks “do not reflect the beliefs of Republicans and certainly not of Kansas Republicans at large.”

In a statement posted to X on Tuesday, the Young Republican National Federation said it was “appalled” by the reported messages and calling for those involved to resign from their positions within the organization. Young Republican leaders said the behavior was “disgraceful, unbecoming of any Republican, and stands in direct opposition to the values our movement represents.”

Democrats

Democrats have been more uniform in their condemnation. On Wednesday, California Gov. Gavin Newsom wrote to House Oversight Committee Chairman James Comer asking for an investigation into the “vile and offensive text messages,” which he called “the definition of conduct that can create a hostile and discriminatory environment that violates civil rights laws.”

Speaking on the Senate floor, Senate Democratic leader Charles E. Schumer of New York on Tuesday described the chat as “revolting,” calling for Republicans including President Trump and Vance to “condemn these comments swiftly and unequivocally.”

Asked about the reporting, New York Gov. Kathy Hochul called the exchanges “vile” and called for consequences for those involved.

“Kick them out of the party. Take away their official roles. Stop using them as campaign advisers,” Hochul said. “There needs to be consequences. This bulls—- has to stop.”

Kinnard writes for the Associated Press. AP writer Michelle L. Price contributed to this report.

Vice President JD Vance said Sunday there will be deeper cuts to the federal workforce the longer the government shutdown goes on, adding to the uncertainty facing hundreds of thousands who are already furloughed without pay amid the stalemate in Congress.

Vance warned that as the federal shutdown entered its 12th day, the new cuts would be “painful,” even as he said the Trump administration worked to ensure that the military is paid this week and some services would be preserved for low-income Americans, including food assistance.

Still, hundreds of thousands of government workers have been furloughed in recent days and, in a court filing Friday, the Office of Management and Budget said well over 4,000 federal employees would soon be fired in conjunction with the shutdown.

“The longer this goes on, the deeper the cuts are going to be,” Vance said on Fox News’ “Sunday Morning Futures.” “To be clear, some of these cuts are going to be painful. This is not a situation that we relish. This is not something that we’re looking forward to, but the Democrats have dealt us a pretty difficult set of cards.”

Labor unions have already filed a lawsuit to stop the aggressive move by President Trump’s budget office, which goes far beyond what usually happens in a government shutdown, further inflaming tensions between the Republicans who control Congress and the Democratic minority.

The shutdown began Oct. 1 after Democrats rejected a short-term funding fix and demanded that the bill include an extension of federal subsidies for health insurance under the Affordable Care Act. The expiration of those subsidies at the end of the year will result in monthly cost increases for millions.

Trump and Republican leaders have said they are open to negotiations on the health subsidies, but insist the government must reopen first.

For now, negotiations are virtually nonexistent. Dug in as ever, House leaders from both parties pointed fingers at each other in rival Sunday appearances on “Fox News Sunday.”

“We have repeatedly made clear that we will sit down with anyone, anytime, anyplace,” said House Democratic leader Hakeem Jeffries of New York. “Republicans control the House, the Senate and the presidency. It’s unfortunate they’ve taken a my-way-or-the-highway approach.”

House Speaker Mike Johnson (R-La.) blamed Democrats and said they “seem not to care” about the pain the shutdown is inflicting.

“They’re trying their best to distract the American people from the simple fact that they’ve chosen a partisan fight so that they can prove to their Marxist rising base in the Democratic Party that they’re willing to fight Trump and Republicans,” he said.

Progressive activists, meanwhile, expressed new support for the Democratic Party’s position in the shutdown fight.

Ezra Levin, co-founder of the leading progressive protest group Indivisible, said he is “feeling good about the strength of Dem position.” He pointed to fractures in the GOP, noting that Georgia Rep. Marjorie Taylor Greene publicly warned last week that healthcare insurance premiums would skyrocket for average Americans — including her own adult children — if nothing is done.

“Trump and GOP are rightfully taking the blame for the shutdown and for looming premium increases,” Levin said. “Their chickens are coming home to roost.”

And yet the Republican administration and its congressional allies are showing no signs of compromise on Democratic demands or backing away from threats to use the opportunity to pursue deeper cuts to the federal workforce.

Thousands of employees at the departments of Education, Treasury, Homeland Security and Health and Human Services as well as the Environmental Protection Agency are set to receive layoff notices, according to spokespeople for the agencies and union representatives for federal workers.

“You hear a lot of Senate Democrats say, well, how can Donald Trump possibly lay off all of these federal workers?” Vance said. “Well, the Democrats have given us a choice between giving low-income women their food benefits and paying our troops on the one hand, and, on the other hand, paying federal bureaucrats.”

Democrats say the firings are illegal and unnecessary.

“They do not have to do this,” said Democratic Sen. Mark Kelly of Arizona on CNN’s “State of the Union.” “They do not have to punish people that shouldn’t find themselves in this position.”

Peoples writes for the Associated Press.

On October 8, 2025, Osprey Private Wealth LLC disclosed a buy of 13,580 shares of JPMorgan Chase & Co.(JPM -0.63%), an estimated $4.04 million trade.

What happened

According to its SEC filing dated October 8, 2025, Osprey Private Wealth LLC acquired an additional 13,580 shares of JPMorgan Chase & Co. in the third quarter of 2025. The estimated value of the shares purchased is approximately $4.04 million, based on the average closing price for the quarter. The post-trade position stands at 48,910 shares, worth $15.43 million at quarter-end.

What else to know

The fund increased its JPMorgan Chase & Co. stake, now representing 5.6% of reportable assets.

Osprey’s top holdings after the filing:

• Alphabet: $22.44 million (8.2% of AUM) as of September 30, 2025
• Nvidia: $21.11 million (7.7% of AUM) as of September 30, 2025
• JPMorgan Chase: $15.43 million (5.6% of AUM) as of September 30, 2025
• Meta Platforms: $14.74 million (5.4% of AUM) as of September 30, 2025
• Visa: $12.47 million (4.5% of AUM) as of September 30, 2025

As of October 7, 2025, shares were priced at $307.69, up 45.9% over the past year, outperforming the S&P 500 by 32.0 percentage points over the past year

Company overview

Company snapshot

JPMorgan Chase:

• offers a comprehensive suite of financial products and services, including consumer banking, investment banking, commercial banking, asset and wealth management, and payment solutions.
• serves a broad client base comprising individual consumers, small businesses, corporations, institutional investors, and government entities worldwide.
• operates globally with significant scale across multiple banking segments.

JPMorgan Chase & Co. is one of the world’s largest and most diversified financial institutions, with significant scale across consumer, commercial, and investment banking segments. The company’s integrated business model and global reach enable it to capture a wide range of revenue streams and maintain a strong competitive position.

Foolish take

While Osprey’s addition of $4 million to its JPMorgan Chase position purchase may seem encouraging to investors, it may not be as big a deal as it looks.

Despite this hefty purchase, Osprey’s portfolio allocation to JPMorgan Chase actually dipped from 5.7% to 5.6%. This decline stems from the fact that the firm added to almost all of the investments it holds.

Ultimately, Osprey mostly holds niche-leading stocks that may prove hard to disrupt, so its 5.6% in JP Morgan Chase — making it the largest bank in the United States — fits this billing nicely.

Despite being the largest bank here in the states, JPMorgan Chase has grown its net income and dividend payments by 13% and 9% annually over the last decade.

This growth, paired with the company’s solid return on equity of 16%, reasonable price-to-earnings ratio of 16, and top-quality leadership, makes JPMorgan Chase a great steady-Eddie investment to consider — and why it looks like an excellent stock for Osprey to add to.

Glossary

AUM: Assets under management – The total market value of investments managed by a fund or firm.

Reportable AUM: The portion of a fund’s assets required to be disclosed in regulatory filings.

Stake: The ownership interest or amount of shares held in a particular company or asset.

Holding: A specific security or asset owned within an investment portfolio.

Outperforming: Achieving a higher return than a relevant benchmark or index over a given period.

Dividend yield: Annual dividends per share divided by the share price, expressed as a percentage.

Quarter-end: The last day of a fiscal quarter, used as a reference point for financial data.

Integrated business model: A company structure combining multiple business lines or services to create operational efficiencies.

Institutional investors: Organizations such as pension funds, insurance companies, or endowments that invest large sums of money.

TTM: The 12-month period ending with the most recent quarterly report.