quarter

SEOUL, Nov. 5 (UPI) — Non-ferrous metal giant Korea Zinc said Tuesday it nearly doubled its profit in the third quarter of 2025 overa year ago, driven by strong demand across its product lines.

Korea Zinc reported $2.87 billion in revenue during the July-September period, up 29.7% year-on-year, for an operating income of $189 million, up 82.3%. The company said that it has remained profitable for 103 consecutive quarters since 2000.

The Seoul-based corporation said the strong sales of critical raw materials, including antimony, indium and bismuth, as well as precious metals, boosted performance during the three-month period.

Through its integrated smelting process for zinc, lead and copper, Korea Zinc also recovers about 10 by-products of critical raw materials and precious metals, such as gold and silver.

Korea Zinc said that gold and silver contributed about $2.5 billion to revenue during the first nine months of this year, as metal prices remained strong.

The world’s largest zinc manufacturer has also expanded its portfolio of strategic materials. Antimony, indium and bismuth are classified as “critical minerals” by Washington and Seoul.

Early this year, it started exporting antimony, a vital component in electronic and defense production, to the United States. Its global sales of antimony reached $173 million so far this year.

In August, Korea Zinc signed a memorandum of understanding with Lockheed Martin to supply germanium, another critical mineral, to the U.S.-headquartered defense contractor.

“On the back of proactive investments and a diversified portfolio, our strategic minerals and precious metals business did well. New growth areas such as resource recycling are also on a stable trajectory,” Korea Zinc said in a statement.

Shai Gilgeous-Alexander had 30 points and 12 assists and the defending champion Oklahoma City Thunder extended their season-opening winning streak to eight games with a 126-107 victory over the Clippers at Intuit Dome on Tuesday night.

Isaiah Joe added 22 points and Cason Wallace and Aaron Wiggins each had 12 to help the Thunder overcome an early surge by the Clippers to set a franchise record for consecutive victories to start a season.

Gilgeous-Alexander, who played for the Clippers in his rookie season before he was traded to the Thunder, was nine of 14 from the floor and four of five from three-point range.

James Harden scored 25 points and John Collins added 17 for the Clippers. They were without Kawhi Leonard (ankle) and Bradley Beal (knee) on the second night of a home back-to-back.

Derrick Jones Jr. scored 16 points as the Clippers lost consecutive home games after winning the first three in their own building.

After trailing by as many as 13 points in the first half, the Thunder took the lead for good at 81-78 on a three-pointer from Aaron Wiggins with 3:34 remaining in the third quarter. Oklahoma City closed the quarter on an 8-2 run to take a 94-86 lead.

The Thunder put the game away with a 11-0 run to open the fourth quarter for a 105-86 advantage. It was an extended 17-0 run going back to consecutive three-pointers from Isaiah Joe and Gilgeous-Alexander to end the third.

Nov. 1 (UPI) — Berkshire Hathaway has a record-high cash reserve of $381.7 billion after increasing its third-quarter earnings by 34% from a year ago, the firm said in its quarterly report on Saturday.

Berkshire Hathaway generated $13.485 billion in revenue during the third quarter, which is a 34% increase from $10.1 billion a year earlier.

“Investment income continues to benefit from rising cash balances and relatively high, though declining, yields on cash and short-term securities,” Edward Jones analyst James Shanahan wrote after the earnings report was released, as reported by MarketWatch.

Income from insurance underwriting topped $2.37 billion during the quarter, which was a 200% increase, partly due to relatively little by way of natural disasters and other common drivers of catastrophic losses.

The Omaha, Neb.-based conglomerate’s primary insurance and reinsurance companies produced pre-tax quarterly profits after reporting losses a year ago.

Although its insurance sectors posted profits, property and casualty insurer GEICO’s underwriting profits dropped by 13% due to an increase in claim amounts, according to Bloomberg.

Berkshire Hathaway’s Class A and Class B shares each rose 5%in value so far in 2025, and the firm did not undertake share buybacks through the first nine months of the year, CNBC reported.

It’s also the fifth consecutive quarter in which Berkshire Hathaway did not buy back any shares, which boosted its cash reserves to its current record of $381.6 billion.

That amount exceeds the prior record of $347.7 billion, which was set during the year’s first quarter.

Berkshire Hathaway also continued its recent trend of selling more equities than it buys, with a $10.4 billion gain from equities sales.

SEOUL, Oct. 17 (UPI) — Samsung Electronics and SK hynix emerged as the biggest winners on the Seoul bourse during the third quarter, thanks to a strong semiconductor market, according to Korean consultancy CXO Institute on Friday. The two firms are the world’s top two memory chipmakers.

During the July-to-September period, the market capitalization of Samsung Electronics surged by more than $100 billion, maintaining its position as South Korea’s most valuable company. SK hynix followed with an increase of $28.5 billion.

Riding on the mounting global demand for weapons, Korea’s leading defense company, Hanwha Aerospace, ranked third with a $12 billion gain, followed by battery maker LG Energy Solution with $8.3 billion and shipbuilder Hanwha Ocean with $6.7 billion.

“During the third quarter, the South Korean stock market was bullish. In particular, sectors such as semiconductors, shipbuilding, rechargeable batteries and biopharmaceuticals did well,” CXO Institute chief Oh Il-sun told UPI.

“The biggest winners were Samsung Electronics and SK hynix. As the memory chip market remains hot, the two corporations are expected to cruise well during the remainder of this year, too,” he added.

Indeed, Samsung Electronics and SK hynix saw their share price further rise by 16.7% and 30.2% this month, respectively.

As a result, Samsung Electronics Chairman Lee Jae-yong’s stock holdings topped $14 billion this month for the first time to solidify his status as the country’s wealthiest businessman.

He has shares in seven Samsung subsidiaries, including Samsung Electronics, Samsung C&T, Samsung SDS and Samsung Life Insurance.

Sogang University economics professor Kim Young-ick cautioned that the market may face a correction phase in the short term.

“In consideration of nominal gross domestic products, currency circulation and export data, I think that the stock market, led by Samsung Electronics, may enter a period of adjustment in the fourth quarter,” Kim said in a phone interview.

“As Samsung Electronics and SK hynix are projected to post strong results next year, however, the upward trend is likely to continue in the medium term,” he said.

Another standout performer was Hanwha Group, as two of its affiliates made the top-five list. The combined market capitalization of the conglomerate’s listed units more than tripled this year from $28.8 billion to $89.6 billion as of the end of last month.

As the figure nears $100 billion mark, Hanwha Chairman Kim Seung-youn encouraged its units to become global leaders in their respective fields.

“With the sense of responsibility that comes from being a national representative company, we must take the lead in every field,” Kim said his anniversary message to employees earlier this month.

“We are carrying out large-scale projects in various parts of the world, including North America, Europe, and the Middle East, in segments such as defense, shipbuilding and energy,” he said.

Biggest losers: Doosan Enerbility, Kakao units

In contrast, South Korea’s top heavy industry company, Doosan Enerbility, was the biggest loser, as its market capitalization fell by $2.6 billion during the third quarter, chased by online game publisher Krafton, down $2.4 billion.

Kakao Pay and Kakao Bank also languished by losing $2.2 billion and $2.1 billion, respectively, while the country’s largest contractor, Hyundai E&C, rounded out the bottom five with a $1.9 billion drop.

“In the third quarter, many companies in the construction, telecom, game, entertainment and retail sectors struggled. Oh said. “Of note is that two Kakao subsidiaries were among the underperformers.”

Once hailed as a next-generation online platform, Kakao aggressively expanded into multiple industries, but has experienced growing challenges in recent years.

Its founder Kim Beom-su, also known as Brian Kim, faces legal risks as the prosecution sought a 15-year prison term for him in late August.

Kim has been accused of being involved in the stock price manipulation of K-pop management agency SM Entertainment in 2023 to block a takeover attempt by rival company HYBE.

Kim has denied the allegations. He resigned from Kakao’s top decision-making council early this year, but remains as its largest shareholder.

Memory-chip maker Micron (MU -2.68%) has historically been one of the most cyclical stocks in the chip sector. Memory is prone to boom and bust cycles as inventory levels and prices fluctuate according to supply and demand.

However, Micron has been one of the best performers in the semiconductor sector this year, a sign that investors may be underrating its momentum and that of the memory segment in the AI boom. Micron and its peers make high-bandwidth memory (HBM) chips that are an essential component of AI, and that’s a key reason the stock has doubled this year, outpacing better-known industry players like Nvidia and AMD. That strength and momentum were on display in Micron’s fourth-quarter earnings report.

After raising its guidance in August, the company topped both its updated guidance and analyst estimates.

Image source: Getty Images.

Revenue in the quarter jumped 46% to $11.32 billion, which topped the consensus at $11.16 billion. The quarter capped off a year with similar growth and full-year revenue of $37.4 billion.

The company also fulfilled an earlier promise, made in March 2024, that Micron would be one of the biggest beneficiaries of AI in the semiconductor industry, and that it would deliver record revenue and significantly improved profitability for the year it just completed. It did just that.

In addition to the strong revenue growth, gross margin improved from 35.3% to 44.7%, reflecting the ramping up of high-value data center products and pricing strength in dynamic random-access memory (DRAM), which includes HBM.

Operating margin improved from 19.6% to 32.3% as it gained leverage on research and development and selling, general, and administrative expenses, and it reported adjusted earnings per share of $3.03, up from $1.18 in the quarter a year ago, and ahead of estimates at $2.86.

Micron stock was essentially flat on the report, but that seems to just be a reflection that high expectations were baked in after the stock rose roughly 40% in September coming into the report. Keep reading to see three reasons the stock can continue gaining.

1. Guidance shows results will get even better

Micron did not give guidance for the full fiscal year, but its outlook for the first quarter shows its momentum will continue into the current quarter.

It called for $12.2 billion to $12.8 billion in revenue, up 44% from the quarter a year ago at the midpoint and well ahead of the consensus at $11.83 billion. It also forecast gross margin to top 50% at 50.5% to 52.5% on an adjusted basis. The company’s gross margin has only been above 50% one other time before, during a boom in the late 2010s.

2. Supply remains tight

Supply/demand dynamics are kind in Micron’s business, so it’s good news that management sees supply remaining tight in the year ahead.

Micron was sold out of HBM capacity for this year by June 2024, and management continues to see a tight supply environment in fiscal 2026, especially as demand for AI capacity keeps accelerating.

That dynamic should support high prices for Micron’s products and strong margins into fiscal 2026. The company also said it expects to sell the remainder of its HBM supply for calendar 2026 in the coming months.

3. Micron is still a good value

Forward estimates on Micron have moved steadily upward, and should do so again following the latest earnings report. It now trades at a trailing price-to-earnings ratio (P/E) of 20, and a forward P/E of 12.5.

Compared to its peers in the AI sector, those are rock-bottom valuations, and it’s still growing faster than many of its chip stock peers. In fact, its revenue growth is now rivaling that of Nvidia.

The low valuation seems to reflect the previous boom-and-bust cycles in memory, but the AI era may have introduced a new paradigm for the sector. While the same underlying dynamics still exist, the size of the market now seems to be significantly larger, meaning Micron could have more years of booming growth ahead of it — good news for its investors.

They’re bad.

They’re really bad.

They’re, like, 0-12 bad.

The Bad News Bruins are a quarter of their way to completing a winless season, and who’s to say they won’t do what no UCLA team has done in more than a century and lose every game they play?

New Mexico tight end Simon Mapa (85) scores in front of UCLA linebacker Isaiah Chisom (32) on fourth down during the first half at the Rose Bowl in Pasadena on Friday night.

(Gina Ferazzi/Los Angeles Times)

They lack discipline, they can’t tackle, they can’t score and their coach sounds as if he has no idea how to extract them from what he acknowledged was the lowest point in his decades associated with their program.

DeShaun Foster once again looked completely out of his depth on Friday night when UCLA was humiliated in a 35-10 defeat to 15 1/2 -point underdog New Mexico, and now the question isn’t if the second-year coach will be fired but when.

Foster said he “most definitely” still felt he was the right coach to lead the program but he failed to make a persuasive case as to why that was the case.

“Because I can get these boys to play,” Foster said.

Did Foster feel as overmatched?

“Nope,” he replied. “Not at all.”

Except Foster looks overmatched. He sounds overmatched.

He has preached discipline to his players, but he either doesn’t know how to effectively deliver the message or teach them to exercise greater self-control. The Bruins committed 13 penalties during their loss to New Mexico, which cost them 116 yards. A week earlier in a defeat to UNLV, the Bruins were flagged for 14 penalties.

Foster didn’t sound as if he had any solutions.

UCLA coach Deshaun Foster leans over with his hands on his thighs while standing on the sidelines during the final moments of the Bruins’ loss to New Mexico at the Rose Bowl on Friday.

(Gina Ferazzi/Los Angeles Times)

“It blows my mind,” he said.

UCLA’s run defense, or lack thereof, was equally mind blowing. New Mexico rushed for 298 yards, and that was with starting running back Scottre Humphrey playing only the first quarter because of an injury.

Foster pointed to how the Bruins won four of their last six games last year as a reason he believed they would turn around their season.

However, racking up personal fouls and allowing opponents to run all over you aren’t trademarks of winning football, and considering the magnitude of the problems this year, it’d be naive to think they could be remedied any time soon.

Of course, ultimately responsible for this entire mess is Martin Jarmond, UCLA’s bumbling athletic director.

Jarmond was the one who refused to fire the Bruins’ previous coach, Chip Kelly, after several mediocre seasons. Jarmond was the one who set a self-imposed 96-hour deadline to find a new coach when Kelly suddenly departed the program to become Ohio State’s offensive coordinator. Jarmond was the one who hired the inexperienced Foster, who could end up being to UCLA what Gerry Faust was to Notre Dame.

Jarmond hasn’t just failed to revive UCLA football. He’s bludgeoned the program to the brink of death.

Jarmond didn’t attend the postgame news conference on Friday, leaving it to Foster to tell fans why they should return to the Rose Bowl for future games.

UCLA offensive lineman Garrett DiGiorgio (72) walks toward the sideline as New Mexico defensive end Darren Agu (10) celebrates stopping the Bruins on a fourth down play in the fourth quarter at the Rose Bowl on Friday.

(Gina Ferazzi/Los Angeles Times)

“If you’re a real Bruin,” Foster said, “you’ll still be a fan.”

UCLA can buy out the remaining three-plus years of Foster’s contract for upwards of $5 million, and Jarmond might as well be swept out with him whenever that happens, whether it’s during this season or after. With his track record, who could count on Jarmond to find the coach who will elevate the Bruins from college football purgatory?

By now, it’s clear Foster won’t be that coach.

The Bruins have not led at any point of any game this season. They were never ahead of Utah, which blew them out in their season opener. They were never ahead of the two Mountain West Conference teams they played in their two most recent games.

UCLA remains the only Big Ten team without a win, and the Bruins very well could have an 0-fer season.

Foster’s team has a couple of extremely beatable opponents on its schedule in Northwestern and Maryland. Then again, as these early-season games have proven, UCLA is also extremely beatable — maybe even historically beatable.

The once-thriving seaside town of Ramsgate in Kent has been described as ‘depressing’ by locals, with a recent report revealing that a staggering 65 shop units are empty

When you picture British seaside destinations, you imagine golden sands, the aroma of fish and chips wafting through the air, throngs of holidaymakers seeking the perfect sunny spot, and naturally, ice cream. Most coastal towns across the UK deliver this experience and much more, but I’m uncertain whether the same applies to the Kent seaside town of Ramsgate.

Being a resident of the area, I’ve made countless trips to Ramsgate over the years. During my initial visit, I was captivated by the golden beach and dramatic white cliffs.

On my second journey, I relished exploring the UK’s biggest Wetherspoon, housed in the Grade II-listed former concert hall, the Royal Victoria Pavilion, positioned directly on the waterfront.

Yet, with each subsequent visit to Ramsgate throughout the years, I’ve increasingly observed how deserted it has grown.

The town previously thrived with vibrant independent retailers, distinctive dining establishments and a constant flow of tourists.

Nevertheless, a recent Kent Online study, published in December, disclosed that an alarming 65 retail units—nearly one in four—stand vacant. Over half of these premises aren’t even marketed for sale or lease.

This became apparent during my latest journey to the town when I encountered numerous shuttered businesses and vacant shop windows plastered with dated advertisements. Local residents appear to have recognised this transformation as well.

A Facebook post titled ‘The many empty shops of Ramsgate’ in the public Kent Views group, featuring images of all the vacant premises in Ramsgate, prompted some locals to brand the town as “depressing” and “sad.”

One person said: “It’s so sad, Ramsgate is one of my favourite places but the high street lets it down. On the plus side there are some lovely little cafes.”

Another wrote: “Very sad. Sign of the times.”

Meanwhile, another resident asked: “Strange because Broadstairs and Margate are doing okay. Why isn’t Ramsgate?”.

The surrounding towns of Deal, Margate, Broadstairs and Whitstable have recently flourished, with capital dwellers flocking in their masses to enjoy seaside weekends whilst browsing trendy vintage boutiques or dining at fashionable eateries.

Last year, Deal gained recognition from celebrated food critic Grace Dent following her visit to the Japanese-influenced eatery The Blue Pelican, Express reports.

Meanwhile, Broadstairs, which earned a spot amongst the UK’s ‘coolest’ residential areas in 2023, has transformed into something of a visitor magnet after featuring in Sam Mendes’ production Empire of the Sun, starring Olivia Colman.

The charming coastal resort of Whitstable has long carried the nickname ‘Chelsea-on-sea’, whilst Ramsgate’s trendy neighbouring town Margate remains a bustling hub of entertainment thanks to its golden sands, retro funfair Dreamland, and lively drinking establishments.

What does Ramsgate have to offer?

It’s likely Ramsgate simply hasn’t captured the fashionable “atmosphere” that its surrounding areas have succeeded in creating over recent years. Nevertheless, if you’re seeking an authentic, budget-friendly seaside break or day out, there remains much to explore and enjoy.

Ramsgate Tunnels once sheltered 60,000 people during World War Two air raids and is one of the town’s main attractions. The tunnels are the UK’s largest network of civilian wartime tunnels and are open for tours.

For something a bit different, visitors can explore smugglers’ caves that are built into the cliffs at Pegwell Bay.

Alternatively, if you’re keen to get your hair tousled by those coastal winds, then a boat trip around Ramsgate harbour is the way to go. There are a number of local skippers who offer boat trips, with some taking you on tours of the beautiful coastline while others offer a closer look at some of Kent’s wildlife.

As previously mentioned, Ramsgate is home to the UK’s largest Wetherspoon. The former concert hall and assembly rooms were designed by architect Stanley Davenport Adshead and were one one of the most at-risk Victorian/Edwardian buildings in the area.

The pub is located on the seafront and includes a mezzanine level and a beachfront terrace. It’s the perfect place to enjoy a cheap pint and some chips while looking out to sea.

If you’re looking for something a bit more traditional, you can’t go wrong with The Pub. The Pub offers a fantastic selection of cask ales, craft beers, and ciders, as well as classic bar snacks.

For a unique and less-trodden experience, make your way to Eats ‘n’ Beats. Nestled on King Street, this trendy bar and kitchen offers an array of exquisite wines, cocktails and beers, complemented by mouth-watering tapas dishes.

Eats ‘n’ Beats opens its doors from Thursday to Sunday, boasting a delightful brunch menu available on Sundays from 10.30am to 4pm.

Despite the vacant shops in Ramsgate, there’s a treasure trove of antique, vintage and retro shops waiting to be discovered. Petticoat Lane Emporium, Kent’s largest indoor marketplace, offers everything from fashion and art to vintage curiosities.

This family-run venture accommodates 200 independently rented stalls within a sprawling 10,000 sq ft warehouse. Visitors can also indulge in a coffee or perhaps an alcoholic beverage at the on-site Baker Street Bistro and Bar.

Arch 16 Antique, Vintage, and Retro Junk is an ideal spot for a weekend adventure. Brimming with trinkets, furniture, retro toys, and more, it’s easy to lose yourself and take a nostalgic trip down memory lane.

Ramsgate might not have the glamour of Whitstable or the trendiness of Deal, but despite the empty shops, there’s a hidden gem waiting to be discovered. In 2023, the Ramsgate Empty Shops Action Group was established with the aim of assisting businesses, councils, community groups and entrepreneurs to collaborate and breathe new life into the town.

I’m convinced that it’s only a matter of time before Ramsgate becomes the next must-visit destination on everyone’s list.

ATLANTA — Rhyne Howard scored 19 points, Brionna Jones had 16 points and 13 rebounds for her 12th double-double of the season, and the Atlanta Dream beat the Sparks 86-75 on Wednesday night to move into sole possession of second place in the WNBA standings.

The Sparks (19-21) trails Indiana (21-20) by a game and a half for the eighth and final playoff spot.

Atlanta (27-14), which has won five of its last six games, moved a half-game ahead of Las Vegas (26-14) and Phoenix (26-14) with three regular-season games remaining.

The Dream play the Sparks again Friday, followed by a two-game series with Connecticut to end the season. The Sparks have four games remaining, two at home.

Dearica Hamby had 21 points, nine rebounds and four assists for the Sparks. Kelsey Plum had 18 points and seven assists, and Rickea Jackson scored 15.

Naz Hillmon added 15 points and Maya Caldwell scored 14 for Atlanta. Jordin Canada recorded her first double-double this season with 10 points and 10 assists.

The Sparks scored the opening 10 points of the game as Atlanta missed its first seven field goals. But the Dream closed the quarter on a 12-3 run to take a 26-24 lead after one. Atlanta started the second quarter on a 15-3 run to build a 41-27 lead.

Atlanta led 53-41 at the break behind Howard’s 12 points and three three-pointers. The Dream led by at least eight points the entire second half.

SEATTLE — Dearica Hamby had 27 points and 11 rebounds, Rickea Jackson added 23 points and the Sparks beat the Seattle Storm 91-85 on Monday night.

Seattle led 85-80 with 2:47 to play but Hamby scored five points and Jackson four in an 11-0 closing run to pull the Sparks within 1½ games of the Storm and Indiana for the final two playoff spots. Seattle missed its last five shots.

Kelsey Plum added 14 points for the Sparks (19-20) and Rae Burrell had 11. Hamby had 11 rebounds as the Sparks dominated the boards 37-23. The also had a 60-30 advantage on points in the paint.

Nneka Ogwumike had 21 points on five first half three-pointers and two second half three-point plays for the Storm (22-20). Skylar Diggins also had 21 points and Ezi Magbegor added 11.

Gabby Williams had two baskets and an assist to fuel a 10-0 run for the Storm, who led 25-20 after one quarter.

Ogwumike had three three-pointers in less than a minute, making her five for five, for a 36-25 lead 3½ minutes into the second quarter. The Storm had six threes in the quarter, with Erica Wheeler’s in the closing seconds making it 53-39 at the half.

Sparks guard Kelsey Plum, left, drives to the basket in front of Seattle guard Erica Wheeler during the first half Monday.

(Steph Chambers / Getty Images)

Diggins opened the second half with a three for a 17-point lead, but the Sparks hit their first five shots and were 12 for 17 in the quarter. The final shot was a buzzer-beating one-handed three-pointer by Jackson from beyond the top of the key to cut the Storm’s lead to 73-68 entering the fourth quarter.

The Sparks play at second-place Atlanta on Wednesday and Friday. The Storm are home against New York on Friday.

Aug. 28 (UPI) — The U.S. gross domestic product was revised slightly upward, according to the second estimate released by the U.S. Bureau of Economic Analysis Thursday.

The GDP, which is a measure of all goods and services produced in the American economy, rose to an annualized rate of 3.3% from April to June instead of its earlier estimate of 3%, the BEA said.

The new estimate still shows a sharp rebound from the first quarter, which was down 0.5%.

Consumer spending was revised up to a 1.6% annualized rate in the latest estimate, up from the 1.4% previously reported. Spending is about two-thirds of the U.S. economy.

“With the initial brunt of the tariff shock behind us and the economy losing momentum, we expect to see sub-1% GDP growth in the second half of the year,” said Oren Klachkin, financial markets economist at Nationwide, in an analyst note Thursday, CNN reported. “A weakening labor market and modestly higher tariff-induced inflation will constrain activity through year-end.”

The change in real GDP mostly reflects upward revisions to investment and consumer spending that were partly offset by a downward revision to government spending and an upward revision to imports, the BEA said.

Real final sales to private domestic purchasers, which is the sum of consumer spending and gross private fixed investment, increased 1.9% in the second quarter, revised up 0.7% from the previous estimate.

The price index for gross domestic purchases rose 1.8% in the second quarter, revised down 0.1% from the previous estimate. The personal consumption expenditures price index increased 2%, revised down 0.1% from the earlier estimate. Excluding food and energy prices, the PCE price index rose 2.5%, the same as estimated.

Execution, intensity, and pacing defined Tuesday’s matchup at Crypto.com Arena, where the Sparks faced the Phoenix Mercury in their third meeting of the season, with the Sparks losing for the third time to the Mercury, 92-84.

Before the game, Sparks coach Lynne Roberts emphasized the importance of focus on both ends of the floor.

“For us offensively, it’s going to come down to pace and being willing to execute,” Roberts said. “You have to execute with intensity and intention.”

While Sparks (17-19) did a good job forcing some turnovers and getting some steals, execution was a little rushed.

With 40.5 seconds left in the third quarter, things got chippy on the court when Rickea Jackson slipped and limped off, sidelined for the remainder of the quarter.

“I am proud of her for trying to go back in, but I could tell she was just laboring a little bit and we had a big stretch coming in and it’s not fair to keep her through,” Roberts said of Jackson playing through what appeared to be an ankle injury.

“She is tough, and I have a feeling she’ll be fine by the time Friday comes around,” Roberts said.

Sparks forward Dearica Hamby’s scoring run early in the second quarter helped the Sparks briefly take the lead. After hitting a jumper to tie the score at 24, Hamby drew a foul and hit one of two free throws to put Los Angeles ahead 25-24. She finished with 25 points and eight rebounds.

But the Sparks couldn’t hold the advantage for long. The Mercury (23-14) led 48-40 at halftime and maintained control throughout.

“We didn’t shoot great from three, I mean that’s where the difference in the game is they (Phoenix) went 11 for 25, we went seven for 24,” Roberts said. “I do feel like we typically shoot it better,”

Satou Sabally paced Phoenix with 19 points and three rebounds. Kahleah Copper added 18 points and three assists, while Alyssa Thomas had a triple-double with 12 points, 16 rebounds and 15 assists.

Tuesday’s matchup was a testament to how physical the WNBA is, especially with playoffs on the line.

“I’m sure it’s because the playoffs are coming, and we’re scrapping for our lives, and they’re playing hard. We’re all playing for something and the intensity is up, and these guys have pride in how they play,” Roberts said

Despite strong performances from Jackson (21 points) and Hamby, the Sparks couldn’t break through against Phoenix’s balance and depth.

The Sparks next play the Indiana Fever on Friday night at Crypto.com Arena.

Rams quarterback Matthew Stafford walks on the field before a preseason win over the Dallas Cowboys on Aug. 9.

(Kyusung Gong / Associated Press)

Rams quarterback Matthew Stafford was scheduled to work out on Saturday, a chance for the 17th-year pro to test his injured back.

But before the Rams played the Chargers at SoFi Stadium, when asked to confirm whether Stafford went through the workout, a Rams official declined to comment and said coach Sean McVay would address the situation Monday.

It was the latest mysterious and potentially troublesome turn in a saga that began at the start of training camp and continues as the Rams prepare for their Sept. 7 opener against the Houston Texans at SoFi Stadium.

Stafford, 37, is working through an aggravated disc, according to McVay, a situation that has prevented him from practicing with the team.

Last Saturday, before the Rams’ preseason opener against the Dallas Cowboys, Stafford went through a workout in Woodland Hills that included more than 60 passes, McVay said after the Rams’ 31-21 victory. The plan was for Stafford to participate in individual drills two days later.

But Stafford did not practice last week. And after a joint practice with the New Orleans Saints on Thursday, McVay said Stafford would go through another workout in Woodland Hills on Saturday.

Aubrey Pleasant, the Rams assistant head coach, served as head coach for the game against the Chargers and appeared for the postgame news conference. McVay was not made available to reporters.

THE UK’s economy grew in the three months to June but slowed on the first quarter of the year.

The latest figures from the Office for National Statistics (ONS) reveal Gross Domestic Product (GDP) grew by 0.3% between April and June.

1

This is lower than the 0.7% recorded between January and March, but stronger than expected by analysts.

GDP grew in the second quarter of the year mostly due to the services and construction sectors.

It’s worth bearing in mind these latest quarterly figures are estimations and are open to be revised at a later date.

Liz McKeown, director of economic statistics at the ONS, said: “Growth slowed in the second quarter after a strong start to the year.

“The economy was weak across April and May, with some activity having been brought forward to February and March ahead of Stamp Duty and tariff changes, but then recovered strongly in June.

“Across the second quarter as a whole growth was led by services, with computer programming, health and vehicle leasing growing.

“Construction also increased while production fell back slightly.

“Growth for the quarter was also boosted by updated source data for April, which while still showing a contraction, was better than initially estimated.

“Services also drove growth in June with scientific R&D, engineering and car sales all having a strong month.

“Within production, which recovered, manufacture of electronics performed especially well.”

The data today was largely expected by analysts to show the UK economy slowed to just 0.1% growth in the second quarter of 2025 after a strong start to the year.

Last Thursday, the Bank of England forecast second-quarter UK GDP growth of 0.1%, slowed from 0.7% in the first quarter.

Figures have already shown that GDP contracted by 0.3% in April and 0.1% in May.

Plus, figures on Tuesday showed the UK jobs market weakened again, but overall wage growth remains strong, prompting traders to trim their bets on the possibility of another Bank of England rate cut this year.

What it means for your money

GDP measures the economic output of companies, individuals and Governments.

If it is rising steadily, but not too much, it’s a sign of a healthy and prosperous economy.

This is because it usually means people are spending more, the Government gets more tax and businesses get more money which then means pay rises for workers.

When GDP is falling, it means the economy is shrinking which can be bad news for businesses and workers who face pay cuts or even losing their job.

The Bank of England (BoE) also uses GDP and inflation as key indicators when determining the base rate.

This decides how much it will charge banks to lend them money and is a way to try to control inflation and the economy.

If GDP is low, the BoE cuts its base rate in order to encourage people to spend and invest money.

If it is higher, the BoE may keep its base rate higher in order to keep inflation in check.

SAN FRANCISCO — Veronica Burton scored 16 points, Cecilia Zandalasini scored 14 before halftime and the Golden State Valkyries moved a game ahead of the Sparks in the Western Conference beating them 72-59 on Saturday night.

Janelle Salaun scored 11 points and grabbed eight rebounds for Golden State (15-15). Zandalasini scored 14 points in the first half on five-for-six shooting, including four for five from three-point range and missed her only shot attempt after halftime.

Dearica Hamby scored 15 points for the Sparks (14-16), and Julie Allemand and reserve Rae Burrell each scored 10.

Golden State built a 19-14 lead after one quarter, and the Valkyries took advantage of a nine-point quarter by the Sparks for a 33-23 lead at halftime.

The Sparks started the third quarter with a 7-0 run with a pair of foul shots and a short shot by Kelsey Plum and a three-pointer by Hamby. Golden State extended its lead to 41-32 before the Sparks rallied again to get within 43-40 but never got closer.

Golden State sealed the win outscoring the Sparks 12-5 over the first six minutes of the fourth.

The Valkyries won the regular-season series 3-1 over the Sparks and currently hold the eighth and final playoff spot.

A quarter of Latinos who supported President Donald Trump in the November election are not guaranteed to vote for Republicans in the 2026 midterm elections, according to a new national poll by Equis, a leading research and polling group.

Last week Equis, alongside progressive think tank Data for Progress, released a July memo that summarized key findings from a national poll of 1,614 registered voters, conducted between July 7 and July 17.

This time frame coincides with some notable turning points in politics: namely, when Trump signed the “One Big Beautiful Bill” into law, as well as his execution of mass deportations and controversial handling of the Epstein files.

Respondents were asked, “If the 2026 election for United States Congress were held today, for whom would you vote?” Only 27% replied that they would vote for a Republican candidate, marking a significant political party drop from the 45% who said they voted for Donald Trump in the 2024 presidential election.

A quarter of those polled said they were not sure whom they would vote for (16%), would vote for someone else (5%), or would not vote at all (4%).

This shaky political alignment comes at a critical time for Republicans, who are banking on continual Latino support in 2026 — especially as Texas Republicans plan to flip five blue seats under a newly proposed congressional map.

The Equis study also found that 63% of Latinos disapproved of Trump’s job as president in July, a slight uptick from polling numbers in May, when 60% disapproved. This rating seems to reflect broader sentiments regarding the state of the U.S. economy: 64% of Latinos rated the economy as “somewhat or very poor,” while only 34% viewed it as “somewhat or very good.”

However, a disapproval of Trump does not mean Latinos have rushed to back the Democratic Party. Half the Latinos polled said Democrats care more about people like them, versus the 25% who said Republicans care more. Meanwhile, 17% said they believe that neither party cares.

Swing voters — including those who Equis calls “Biden defectors,” or voters who elected Biden in 2020 and Trump in 2024 — are twice as likely to say that neither party cares about people like them (38%).

“Growing dissatisfaction with Trump offers Democrats an opportunity, but only if they are willing to capitalize on it,” the July memo states.

Overall, Trump’s national approval ratings are taking a nosedive, according to aggregate polling by the New York Times, which notes that Trump’s approach to the Jeffrey Epstein investigation has angered his base.

On Tuesday, the House Oversight Committee subpoenaed the Justice Department for the files; lawmakers believe they could implicate Trump and other former top officials in the sex-trafficking investigation.

Trump’s anti-immigration policies have also likely shifted his popularity. Early July Gallup polling revealed that Americans have grown more positive toward immigration — 79% of Americans say immigration is a “good thing” for the country, which marks a 64% increase from last year and a 25-year record high.

Venture capital investments in the Greater Los Angeles region more than doubled to $5.8 billion in the second quarter, compared to a year ago, as investors poured money into the area’s defense tech and aerospace companies amid escalating geopolitical tensions.

Costa Mesa-based defense tech company Anduril received the most venture capital in the region last quarter, raising a $2.5-billion funding round, according to research firm CB Insights.

The company, co-founded by entrepreneur Palmer Luckey, said it would use the money to invest in scaling up its production, hiring, taking big swings on products and capabilities and other efforts such as its mergers and acquisitions strategy.

Anduril, which manufactures autonomous weapons systems, was recently awarded a $99.6-million contract to build a next generation command and control prototype for the U.S. Army that it says will help modernize communications on the battlefield. Anduril employs more than 6,000 people and has a valuation of $30.5 billion.

Venture capital firm Founders Fund led the recent round with a $1-billion investment, marking the firm’s largest check to date, said Founders Fund partner and Anduril executive chairman Trae Stephens in a Bloomberg TV interview in June.

The company’s recent fundraising round is an example of strong investor interest in defense tech and aerospace, which venture firms believe is ripe for disruption, with startups taking market share from incumbents such as Lockheed Martin and Northrop Grumman.

Globally, venture capital investments in defense tech is on the rise. Already, the funding in this category has outpaced last year, according to CB Insights. For the first half of 2025, investors allocated $11.1 billion in venture capital to defense tech companies, compared to $8.2 billion in the full year of 2024, CB Insights said.

Investors are eager to jump on an area of growth that has a lot of support from the government, as the U.S. enters a period in which defense and the geopolitical arena is at the forefront, analysts said. The world is being rocked by multiple international conflicts, including Russia’s ongoing war on Ukraine and Israel’s battle against Hamas in Gaza.

“We’re entering an administration, a regulatory period, and a broader geopolitical arena where defense is at the forefront of everyone’s minds,” said Jason Saltzman, head of insights at CB Insights. “We’re starting to see a lot of support from the government in particular, with an increasing number of investors hopping on the defense tech train.”

Southern California, long an aerospace and defense tech hub, is benefiting from the investor interest, with the area’s companies representing nine of the top 30 private businesses globally in defense tech that have received the most venture capital financing, according to CB Insights.

Local companies said they were attracted to Southern California because of its strong talent pool, with nearby universities like Caltech and USC Viterbi School of Engineering.

Going back to World War II and the Cold War period, key defense contractors like Northrop Grumman and Hughes were built in the South Bay area, making the region a crucial locale for the defense and aerospace industries, said Professor Dan Wadhwani, director of the Lloyd Greif Center for Entrepreneurial Studies at the USC Marshall School of Business. As startups build new technologies, they will need to integrate them with other existing systems, he added.

“The proximity to key players within the defense industry makes L.A. a prime place for capitalizing on the growing trends towards defense spending,” he said.

Last quarter, defense tech and aerospace companies represented the top four businesses receiving venture capital, according to CB Insights. Anduril led the way, followed by Redondo Beach-based Impulse Space, which raised $300 million, Hawthorne-based Chaos Industries that had a $275-million funding round and L.A.-based spacecraft manufacturer Apex, which raised $200 million in the second quarter, CB Insights said.

Chaos Industries makes radars that provide warning and tracking against unmanned aerial systems, missiles and aircraft. The company, which has more than 100 employees, raised a total of $490 million since it was founded in 2022. The funding will go toward hiring and increasing the company’s manufacturing capabilities, said Chief Strategy Officer Will Hurd.

Hurd said he remembers when he worked at an investment bank in 2021 and most investors did not want to fund companies where the government was their client because there was a fear or lack of understanding of how that process worked. Now, that’s changed and evolved, with a wave of defense tech and aerospace companies, including Chaos Industries.

“Now the adversaries have gotten more sophisticated, and we have to match that,” Hurd said.

Impulse Space, which makes space vehicles, said there has been surging customer demand. The company said it has more than 30 signed government and commercial contracts worth nearly $200 million in value and the additional venture capital funding will go toward hiring, scaling production and accelerating its research and development.

“We’ve proven that we can build fast and fly successfully,” said CEO and founder Tom Mueller in a statement. “Now, the market is demanding more.”

SEOUL, July 28 (UPI) — Major South Korean companies Hyundai Steel and LG Energy Solution turned a profit during the second quarter of this year.

Hyundai Steel, the country’s No. 2 iron maker, announced last week that it posted $4.3 billion in sales during the April-June period, with an operating profit of $74 million. The company suffered a loss over the previous two quarters.

“During the second half of this year, Chinese steel exports are expected to decline further due to supply restrictions in the country,” NH Investment & Securities analyst Lee Jae-kwang noted in a market report.

“The anti-dumping tariffs on Chinese heavy plate steel are also projected to have a positive effect on Hyundai Steel,” he said. In April, South Korea levied tariffs of up to 38% on Chinese heavy plate steel for four months.

LG Energy Solution, a rechargeable battery maker, said Friday that the Seoul-based corporation recorded revenue of $4 billion in the second quarter, with an operating profit of $356 million. The company was profitable for the first time in six quarters.

“We succeeded in turning a profit even excluding the [U.S.] Inflation Reduction Act tax credits, thanks to an increased share of high-margin products and projects manufactured in North America,” LG Energy Solution CFO Lee Chang-sil told a conference call.

He said that the company would try to improve profits later this year by boosting the production of batteries for energy storage systems.

LG Energy Solution has received tax credits under the Inflation Reduction Act for running and building battery plants in the United States.

Also included in other turnaround companies in the second quarter were Hotel Shilla, an operator of luxury hotels and duty-free shops, and brokerage house Woori Investment Securities.

Thanks to popular shows like “Squid Game,” plus price hikes and growing advertising revenues, Netflix on Thursday reported strong growth in the second quarter, beating analysts’ expectations.

The Los Gatos-based streamer’s revenue rose 16% to $11.1 billion, while the company’s net income increased 46% to $3.1 billion compared to a year earlier. Analysts polled by FactSet had expected about $11 billion in revenue and $3 billion in profit.

Wall Street analysts have long deemed Netflix the winner of the streaming wars. The company no longer gives quarterly updates on how many customers it has, last revealing it had more than 301 million subscribers in 2024. But there’s still pressure on Netflix to continue to show financial growth, as the company aims to attract more advertising dollars and subscribers around the world.

Many analysts believe that Netflix’s future sales boost will come from its advertising business, which began in November 2022. The streamer is expected to generate $2.07 billion in ad revenue this year in the United States, which is estimated to climb to nearly $3 billion in 2027, according to research firm Emarketer.

“They’re seeing some substantial revenue and they are also getting a lot of people to sign up or switch to the ad supported tier,” said Paul Verna, a principal analyst at Emarketer.

Netflix said it expects total revenue in to grow 17% in the third quarter. The company increased its full-year 2025 revenue forecast, estimating that it will generate $44.8 billion to $45.2 billion. That’s up from the range of $43.5 billion to $44.5 billion that it previously projected.

In May, Netflix said its cheaper plan with ads reaches more than 94 million monthly active users, indicating that its version with commercials is gaining traction as other services follow a similar strategy.

“We continue to make progress building our ads business and still expect to roughly double ads revenue in 2025,” Netflix said in its letter to shareholders.

Earlier this year Netflix raised prices on most of its subscription plans in the U.S. Its cheapest plan with ads went up $1 to $7.99 a month. Netflix said the response to its recent price adjustments has been “broadly in line with our expectations.”

Netflix continues to face competition from other streaming services globally and entertainment companies like YouTube and TikTok that also take up significant amount of watch time among consumers.

During the second quarter, Netflix released popular programs including Korean animated film “KPop Demon Hunters,” drama “Sirens” and the third season of “Squid Game.”

“Squid Game’s” third season, which premiered late last month, was the most watched series in 93 countries during its debut week and broke a record for the most views for a show in its first three days on Netflix, a boon for a streaming service that thrives on capturing the attention of audiences worldwide by releasing must-watch programs.

“These are positive initiatives and they’re the quality of the content that shows the uniqueness of it,” said Melissa Otto, head of research at S&P Global Visible Alpha, on shows like “Squid Game” Season 3. “These are all things that pull the users in and make them want to subscribe to Netflix or watch Netflix content.”

Netflix also has received critical acclaim for its programming, noting it has received 120 Primetime Emmy nominations for shows including the limited series drama “Adolescence” and comedy-drama series “Nobody Wants This.”

Netflix stock closed at $1,274.17 on Thursday, up about 2%.

Not so long ago, parking at the curb in Southern California was relatively simple: It was either free to park, or you had to feed change into a meter. Boy, times have changed! Now, any given meter might require quarters, a credit card, an app, your license plate number or any combination of the above.

As the experience of paying for parking in Southern California grows more complex and confusing, I want to hear your stories about paying for public parking — the good, the bad and the ugly.

Maybe you’ve come to love parking apps like Park Smarter or ParkMobile that alert you when a parking session is about to expire and allow you to add more time remotely. Or maybe it’s taken so long to download a needed app and type in your credit card information that you missed an appointment or were late to a meeting.

I’d also love to hear about any strategies you’ve devised to make the experience of parking more streamlined. Do you keep rolls of quarters in your car or a folder of parking apps on your phone? Have you given up entirely and started taking the bus?

Share your story in the form below, and I might follow up with you to include your tale in a coming story.

June 27 (UPI) — Nike is forecasting a rebound from slow sales and profits in the last quarter and despite $1 billion in added tariff costs on foreign goods of its sneakers and athletic gear.

The company, headquartered in Beaverton, Ore., said Thursday the tariff costs can be mitigated with products made elsewhere, and additional costs will be passed onto customers.

In late 2024, sales dropped 12% to $11.1 billion, the lowest since the third quarter of 2022, according to a report issued Thursday. Net income for the quarter plunged 86% to $200 million.

For fiscal 2025, Nike reported revenues of $46.3 billion — a 10% decline from fiscal 2024. Net income was 3.2 billion, down 44%.

The company posted an earnings per share of 14 cents for its fourth quarter, which is much lower than 99 cents the company posted in the same quarter a year earlier. Dividends were $2.3 billion, up 6% from the previous year.

CEO Elliott Hill said in an earnings call that the company’s worst days are behind it, and profits would begin to moderate in the quarters ahead.

“The results we’re reporting today in Q4 and in FY25 are not up to the Nike standard, but as we said 90 days ago, the work we’re doing to reposition the business through our ‘Win Now’ actions is having an impact,” said Hill on an earnings call, referencing the name of the company’s turnaround plan. “From here, we expect our business results to improve. It’s time to turn the page.”

Hill was brought in to lead the company last year to change its economic situation.

The company’s shares initially fell when it posted results after the closing bell Thursday. At the end of trading, the stock price was $61.56. On Friday, it went above $74, which is a 17% increase.

HSBC also raised its price target to $80. The all-time high Nike closing price was $168.16 on Nov. 05, 2021.

“Don’t hope for a V-shape, more like a Swoosh, but it does seem like a recovery is finally on its way after years of pain,” HSBC analyst Erwan Rambourg wrote in a note released Friday. “Sales momentum gets better from here; gross margin pressures should also start to ease later this year despite tariffs.”

“Long in the making but we think the inflection is finally here,” Rambourg wrote. “We think there is more than tangible evidence that Nike has a path to see its sales rebound in the not-too-distant future, and its margins to be repaired, and this despite an unfavorable tariff headwind.”

Nike confirmed it would take a $1 billion from tariffs, including in two countries where its goods are made: China and Vietnam.

China now manufactures 16% of Nike footwear that goes to the U.S. and plans are to reduce that to single digit.

In April, President Donald Trump placed a 46% tariff on products manufactured in Vietnam and 146% on goods made in China. He later reduced both rates with 10% in Vietnam and 30% in China.

Most U.S. trading partners have had the 10% baseline tariff after Trump paused higher ones until July 9 on the worst offenders, including China and Vietnam. Trump has said the pause could be extended.

Last month, the U.S. and China agreed trade a trade agreement that includes the Asian nation sending more rare earth metals to the U.S. in return for lifting export restrictions.

CFO Matt Friend said during the earnings call the tariffs “represent a new and meaningful cost headwind,” but they will “fully mitigate” the costs by reducing its supply chain reliance on China to single digits.

Hill described the turnaround plans, including boosting sales to female shoppers. During the last quarter, the company launched products in more than 200 female-led shops, including Aritzia. It also added a collection with WNBA star A’ja Wilson.

Nike has begun plans to sell on Amazon.

“Nike, Jordan and Converse teams will now come to work every day with a mission to create the most innovative and coveted product, footwear, apparel, and accessories for the specific athletes they serve,” Hill said. “These sport-obsessed teams will create greater dimension and distinction for our three brands, will make us more competitive, and will accelerate our growth.”