[Fox Business] Rose Zhang talks Uswing partnership, the effect shades can have on golf course
Rose Zhang burst onto the LPGA Tour scene earlier this year when she won her debut event, the Mizuho Americas Open, in a playoff against Jennifer Kupcho.
Zhang’s win thrust her into the spotlight after her dominant career at Stanford, where she won a Pac-12 championship, an NCAA championship and the August National Women’s Amateur.
The rising golf star added another accolade to her resume Wednesday when she was named an ambassador for Uswing, an eyewear technology company, to help her on the course.
The 20-year-old explained to Fox Business in a recent interview she wasn’t always a fan of wearing sunglasses and didn’t think they were fashionable enough. However, her father finally convinced her to put the shades on, especially while on the course.
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“My dad always wanted me to wear sunglasses. He would always threaten me to basically just wear sunglasses. Otherwise, I would be blind by the time I was 25 years old,” she said jokingly. “I reluctantly did wear it. I wore it for a tournament or two.”
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Zhang said after she wore the glasses, she started to feel better after rounds. She said there’s a lot of eye straining during the long stretches, but the glasses help put a stop to that.
“They were not only really lightweight. I found myself actually feeling better after the rounds,” she told Fox Business. “I didn’t have a lot of headaches anymore. So, when I went into college, it just became my sort of style.”
Zhang said wearing sunglasses helped her to read greens and grass better because she felt the sun reflected off of the greenery.
PGA Championship winner Phil Mickelson and PGA Tour golfer C.T. Pan are also ambassadors for the brand. Mickelson was wearing the shades when he won a major in 2021.
“It’s been incredible. I feel very honored to be able to represent a brand that accomplished players like themselves have associated with,” Zhang said, adding she found those two players “very inspirational.”
Zhang will launch her own brand of Uswing signature sunglasses, including a Rose Gold edition that will go for $699. She will also be featured prominently in various marketing campaigns.
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The Pacific Academy Foundation will receive 30% of the proceeds from sales of the Rose Gold glasses.
[Fox Business] Aldi buying 400 Winn-Dixie, Harveys Supermarket stores
Aldi plans to expand its U.S. footprint with the purchase of two grocery chains belonging to Southeastern Grocers Inc.
Under an agreement between Aldi and Southeastern Grocers, Aldi will become the new owner of Winn-Dixie and Harveys Supermarket, a pair of grocery chains with about 400 stores in several southeastern states. The two firms announced the acquisition Wednesday morning.
Aldi will “evaluate which locations will convert to the Aldi format,” Aldi U.S. CEO Jason Hart said in a statement. It will keep others operating under the Winn-Dixie and Harveys Supermarket model, he said.
Three-quarters of the stores subject to the acquisition are located in Florida, and the rest are located in Alabama, Georgia, Louisiana and Mississippi, according to Southeastern Grocers.
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Its purchase “supports our long-term growth strategy across the United States, including plans to add 120 new stores nationwide this year to reach a total of more than 2,400 stores by year-end,” Hart said.
Aldi and Southeastern Grocers aim to complete the transaction by the middle of 2024, according to their press releases. Closure of the deal, they said, would be contingent upon receipt of regulatory approval and other typical closing conditions.
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The deal will involve Aldi paying Southeastern Grocers cash for the outstanding capital stock belonging to the latter, said Southeastern Grocers, which is offloading its Fresco y Más brand to a different company in a separate transaction.
For the Winn-Dixie and Harveys Supermarkets deal, Aldi had Deutsche Bank for financial advisement, Kayne Law Group for transaction counsel and Baker & McKenzie LLP for real estate counsel, according to the company.
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Aldi, which is German, runs about 2,300 locations in America. Its first U.S. store, a location in Iowa, opened in the 1970s, its website said.
[Fox Business] Elon Musk says SpaceX using Starlink to aid Maui wildfire recovery
Billionaire Elon Musk said Wednesday that two companies he founded, SpaceX and Tesla, are contributing to relief efforts in Hawaii following the deadly wildfires that devastated Maui and the town of Lahaina.
Musk said in a post on X, the social media platform formerly known as Twitter, that the two companies are “doing our best to be helpful to Hawaii” – including through the deployment of SpaceX’s Starlink satellites to help restore internet connectivity to the beleaguered community.
Starlink wrote on X that it has “shipped and distributed more than 650 kits to 40+ organizations on the island supporting recovery efforts.” One of those organizations is Red Lightning Disaster Relief, which said in a LinkedIn post on Tuesday that it bought 20 Starlink systems and has begun setting them up.
Starlink provides internet service to users on the ground through a constellation of satellites in low Earth orbit, and Starlink kits include pre-connected equipment that can be installed or mounted near ground level to establish a connection and begin providing internet service.
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The Maui wildfires are the deadliest that have occurred in the U.S. in more than a century. County officials said late Tuesday that the death toll had risen to at least 106 people while about 1,300 remain missing as search efforts continue.
More than 2,200 structures – including many homes and businesses – were destroyed in the wildfires while other critical infrastructure providing electricity, water and cell service also sustained damage.
A preliminary estimate by Moody’s Analytics puts the economic cost of the disaster at between $3.5 billion and $7 billion, a figure that includes both property damage and lost output.
DEADLY MAUI WILDFIRES INFLICT MULTIBILLION-DOLLAR BLOW TO HAWAII’S ECONOMY
Tesla didn’t immediately respond to a request for comment on the company’s contributions to relief efforts.
Several Tesla Owners Clubs, which are communities of Tesla enthusiasts who advocate for the company, have announced their own relief efforts.
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Tesla Owners Club Hawaii posted on X about several organizations in Maui that are actively supporting those affected by the wildfires, including the Maui Food Bank, Red Cross, Salvation Army and United Way’s Maui Fire Relief Fund.
Additionally, the Tesla Owners Silicon Valley Club said on X that it’s partnering with King’s Cathedral Maui, a Christian church based on the island, on relief efforts.
[NewYorkPost] Target’s theft ‘involving violence or threats of violence’ more than doubled: CEO
"Our team continues to face an unacceptable amount of retail theft and organized retail crime," Target CEO Brian Cornell said on Wednesday. Read More
[Fox Business] White House clean energy czar uses estimates from collapsed bank to support Biden admin’s ESG initiative
Senior White House adviser John Podesta amplified predictions from a problem-plagued Swiss bank in an effort to support the Biden administration’s plans related to environment, social and governance (ESG).
Speaking from the White House on Wednesday, Podesta, who was tapped by Biden in September 2022 to serve as senior adviser to the president for clean energy innovation and implementation, insisted that “analysis” from Credit Suisse that suggested a majority of “solar deployment in the U.S.” would be from solar panel manufacturers in the United States.
“Credit Suisse did an analysis that suggested that 90% of solar deployment in the U.S. will be supplied by solar manufacturers in the United States. … solar panel manufacturers in the United States,” he said.
Podesta’s remarks came as he discussed the administration’s green goals and efforts to bring more jobs to America as it relates to climate initiatives and clean energy.
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“This is beyond hilarious: Biden Climate Adviser John Podesta just used forecasts by Credit Suisse to support the admin’s ESG plans… Reminder: Credit Suisse collapsed this year because, after years of fraud/scandal, many of their own customers deemed the bank *not* trustworthy,” Will Hild, executive director of Consumers’ Research noted in a post shared on X, formerly known as Twitter.
In March, Credit Suisse’s value plummeted nearly 30%, forcing trading to be abruptly halted midday, after it acknowledged in its annual report it had “material weakness” and its largest investor, a Saudi state-run bank, said it couldn’t provide additional assistance, citing a “regulatory issue.”
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Following the record loss in value, Credit Suisse said it intended to borrow a staggering $54 billion from the Swiss National Bank as an unprecedented lifeline to boost its liquidity.
In recent years, Credit Suisse has endured several scandals and vowed to overhaul its risk management operations. In June 2022, the bank announced it would move forward with the major overhauls as it also grappled with litigation costs associated with the collapse of the former New York City-based Archegos Capital Management firm, CNBC reported.
Credit Suisse has also faced legal action from U.S. shareholders who allege the Swiss Bank failed to disclose its financial woes and violated securities laws.
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Class action lawsuits have been filed against Credit Suisse in federal court, alleging the bank made false or misleading statements about its finances and failed to adequately disclose that it suffered from a “significant” increase in customer outflows at the end of 2022. A suit filed earlier this year included those claims, plus a claim related to material weaknesses in Credit Suisse’s internal financial controls.
Fox News’ Thomas Catenacci and Joe Schoffstall contributed to this report.
[Fox Business] Biden’s clean energy czar Podesta says Inflation Reduction Act is ‘all about’ cutting carbon pollution
Senior White House adviser John Podesta said Wednesday that the Inflation Reduction Act (IRA), despite its name, is “all about” rolling back the carbon pollution that has been “driving the climate crisis.”
Speaking from the briefing room at the White House, Podesta, who was selected by President Biden to serve as senior adviser to the president for clean energy innovation and implementation in September 2022, discussed the Biden administration’s green energy efforts related to climate change.
Speaking on the subject of climate disasters on the measure’s one-year anniversary, Podesta insisted that the IRA is working to eliminate carbon pollution.
“To stop these disasters from getting even worse, we have to cut the carbon pollution that’s driving the climate crisis,” he said. “And that’s what the Inflation Reduction Act is all about.”
Podesta’s comments came nearly a week after Biden admitted that the Democrats’ signature piece of legislation – the IRA – wasn’t as much about actually reducing the then-record-high inflation facing the nation as he originally touted to the American people.
“I wish I hadn’t called it that. It has less to do with reducing inflation than it does providing for alternatives that generate economic growth,” Biden said during an appearance at a campaign fundraiser in Park City, Utah according to the press pool report.
“And so, we’re now in a situation where if you take a look at what we’re doing in the Inflation Reduction Act, we’re literally reducing the cost of people being able to make their — meet their basic needs,” Biden said.
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“Even when there is inflation there is a way to provide breathing room,” he added, citing negotiating medical prices as one example.
Biden’s comments are a sharp turn from what he said in July 2022 ahead of the Inflation Reduction Act’s passage through Congress on a party line vote.
“The Inflation Reduction Act is the strongest bill you can pass. It will lower inflation, cut the deficit, reduce health care costs, tackle the climate crisis, and promote energy security,” he said.
At the time of its passage, as the country faced an inflation rate near the highest level in 40 years, multiple analysts said the bill would not reduce inflation. The Congressional Budget Office said the bill will have “a negligible effect” on inflation in 2022, and in 2023 its impact would range between reducing inflation by 0.1% and increasing it by 0.1%.
Fox News’ Brandon Gillespie, Kaitlin Sprague and Brooke Singman contributed to this report.
[Fox Business] Pumpkin is back: Dunkin’ announces its new fall menu
It’s pumpkin season once again: Dunkin’ announced its fall menu offerings in a press release on Wednesday, August 16.
“It’s been 258 long days since pumpkin fans savored their last sweet taste of pumpkin at Dunkin’,” said the press release.
“Today, guests can indulge in the reintroduction of the Pumpkin Spice Signature Latte, Nutty Pumpkin Coffee and Pumpkin bakery line-up,” the company added.
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“Every year, we can practically feel the buzz around our pumpkin lineup,” said Chief Marketing Officer Jill McVicar Nelson.
Nelson said it was “truly amazing” to see the demand for pumpkin-flavored products each year.
“Catching their excitement both on social media and in our restaurants underscores how much Dunkin’ and the fall season go hand in hand,” she said.
“As the pumpkin spice season embodies Dunkin’s vibrant spirit, we’re all in — splashing our signature shade of orange everywhere we can.”
The chain’s “iconic” Pumpkin Spice Signature Latte is back on the menu, and will be available in both iced and hot versions, said the press release.
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“This latte features notes of sweet pumpkin, vanilla and fall spices. It’s blended with rich espresso and milk, then crowned with whipped cream, caramel drizzle and a dusting of cinnamon sugar — giving it that quintessential fall shimmer,” the company added.
The Nutty Pumpkin Coffee, a new product for 2022, makes its return, Dunkin’ also noted.
“This unique drink combines Dunkin’s Original Blend Iced or Hot Coffee with sweet pumpkin, cream and a touch of hazelnut for the perfect pick-me-up to feel the essence of fall from August onwards,” the company also said.
Additionally, the Pumpkin Swirl syrup is back for the fall.
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It’s “Dunkin’s most sought-after flavor,” as the company put it about Pumpkin Swirl. It enables guests to “customize their favorite drinks by adding the swirl to hot or iced coffee, espresso drinks, cold brew or frozen coffee.”
Pumpkin and other fall flavors are present on the bakery side of Dunkin’s menu as well.
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Pumpkin Cake Donuts, Pumpkin MUNCHKINS® Donut Hole Treats and Pumpkin Muffins will be available starting on August 16.
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Additionally, bacon will be seeing some fall flair.
Customers can order Maple Sugar Bacon on Dunkin’s sandwiches and wraps or on its own as Maple Sugar Snackin’ Bacon.
[Fox Business] Maui wildfires prompt Airbnb nonprofit to open homes to displaced locals
Airbnb.org pledged to provide free temporary stays for at least 1,000 people displaced by the deadly wildfires in Maui.
The independent nonprofit, which facilitates temporary stays for people in times of crisis, said it’s working with Hawaii Gov. Josh Green and several nonprofit organizations to connect people with temporary housing.
The wildfires ignited last week and two are still being contained by crews. The blaze decimated most of the town of Lahaina and has already left more than 100 people dead. However, the death toll is likely to rise as crews search through the devastation. It is the deadliest wildfire in the U.S. in more than a century.
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Airbnb staff volunteers, government entities and nonprofit groups such as the Maui Economic Opportunity and Global Empowerment Mission will review the eligibility of potential guests and help facilitate their stays, according to Airbnb.org.
Since 2012, more than 250,000 people have been placed in temporary housing in times of crisis through the efforts of Airbnb.org.
“We’ve been on the ground in Maui since Day 2 of the historic fires. The most important need here is housing,” Global Empowerment Mission President Michael Capponi said. “This short-term housing program gives families an ability to leave shelters and start the stabilization and healing process for the next phase of their lives.”
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Anyone with a home or room in Hawaii can sign up with Airbnb.org to help people who have been displaced.
Anyone can donate to Airbnb.org to help fund emergency stays. All the donations will go toward covering the cost of housing for the survivors of the wildfires, the organization said.
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Airbnb.org isn’t accepting direct requests from displaced residents. Stays are only being coordinated through Airbnb.org’s network of nonprofits and government entities.
Hotels in Maui have temporarily stopped accepting bookings and are focusing their efforts on housing employees and families until the deadly fires are contained, according to the Hawaii Tourism Authority.
[Fox Business] Lady Gaga’s dad says NYC going down in a ‘windfall’ as trash, hypodermic needles and hookers litter streets
Though he may be better known as Lady Gaga’s father, New York City restaurateur Joe Germanotta wants to work with other business leaders and local officials to change the Big Apple’s current quality of life.
“When you walk down the street now, there’s trash, there’s empty beer bottles, there’s hypodermic needles, there’s hookers,” Germanotta said on “Mornings with Maria” Wednesday. “They’re dealing drugs. We’ve got probably 50 or 60 motorbikes that are parked along the street. And then at night, at about 10 p.m. to 4 a.m., it’s a block party.”
Joanne Trattoria, Germanotta’s signature restaurant, sits just two blocks away from one of the city hotels recently transformed into a migrant shelter. He expanded on how his business’ neighborhood amid an influx of illegal immigrants.
Last week, Mayor Eric Adams noted that the migrant crisis could cost the city $12 billion by the middle of next year without policy changes and additional help from the state and federal government.
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“The problem is really the noise,” he said. “You hear the motorbikes chirping all night long. The buildings across the street, they get the brunt of it. Racing the bikes up and down the street, and in the wrong direction.”
The office of New York City Mayor Eric Adams did not immediately return Fox News Digital’s request for comment.
Detailing other suspicious activity, Germanotta noted: “It’s really unusual because at night these cars come in from New Jersey and they hand out packages and these kids take off. I think they’re dealing drugs.”
The business owner claimed he and others have called the New York Police Department when potential criminal or dangerous issues arise, while also learning some hotels and residence halls are making a profit by housing migrants.
“We did a foil to get a copy of the agreement between health and hospital and [the American Musical and Dramatic Academy], they got $1.8 million just to set up the location. I don’t know what they did, but it was blacked out, the room rate,” Germanotta said.
“So you know, it’s a windfall,” he reflected.
In response to the concerns, Germanotta said that the NYPD will start assigning ambassadors to neighborhoods that have requested law and order assistance.
“In the past when we had a problem, they said, call 311, call 911. Now we have an ambassador in the neighborhood that when something goes wrong, we can give them the problem,” the restaurateur said.
“They haven’t started yet,” he added. “They just visited us yesterday, introduced themselves.”
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Germanotta pointed out his confidence in the NYPD to do their job and keep the Lincoln Square area safe.
“I’m very confident,” he said in hopes to see his restaurant’s neighborhood turn back into “a very friendly, clean, family-oriented” place.
Fox News’ Adam Shaw contributed to this report.
[Fox Business] GoFundMe fundraisers for Maui wildfires draw over $30 million in contributions
GoFundMe fundraisers supporting Maui wildfire-damaged communities have drawn tens of millions of dollars in contributions.
The crowdfunding platform told FOX Business Wednesday the amount raised to provide direct assistance to Maui communities on the platform totaled over $30 million. Those contributions were made by over a quarter of a million people living in over 100 countries, including the U.S., according to a GoFundMe spokesperson.
The crowdfunding platform has maintained a wildfire assistance-focused repository consisting of fundraisers, all of which it said have received verification from its trust and safety team.
One online fundraiser connected to the family of writer Wayne Dyer, “Fox & Friends Weekend” host Will Cain and others has raised over $1.5 million so far.
The Hawaiian island has been battling the devastating wildfires for just over a week. The blazes have led to at least 106 fatalities and resulted in nearly $6 billion in estimated losses.
Firefighters had not yet managed to fully contain two fires in Maui as of Tuesday evening. One of them, at 75% contained, has wreaked havoc on nearly 680 acres, while another 2,170-acre fire had an 85% containment status, the County of Maui said at the time.
GoFundMe also told FOX Business that donations received by the Wildfire Relief Fund “will enable immediate relief grants to people impacted by the wildfires, as well as the local nonprofit organizations who are supporting efforts on the ground.” The fund had over $600,300 as of early Wednesday afternoon.
On the fund’s page, GoFundMe.org said Monday over 100 grants “have been delivered directly to individuals personally impacted by the fires on Maui.”
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Maui is expected to see donations from other sources as well.
Jefferies Financial Group has promised to help Hawaiian wildfire humanitarian assistance by making charitable contributions. It will do so by making $1 million in direct donations and by directing “100% of net global trading commissions” from a Global Trading Day Wednesday “for all trading in equities and fixed income by the firm’s clients” toward charities, according to the company.
Amazon founder Jeff Bezos and fiancée Lauren Sanchez also said they “are creating a Maui Fund and are dedicating $100 million to help Maui get back on its feet now and over the coming years as the continuing needs reveal themselves,” according to a recent Instagram post from Sanchez.
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The state and federal government are providing aid to Maui residents too. The federal government’s efforts include transitional sheltering assistance, critical needs assistance, small business administration loans and economic injury disaster loans.