Stock Pick

  • Chime CMO Vineet Mehra says CMOs have to stay current with all the tools at their disposal, and focus on their future customers

    Read the original article on Business Insider

  • 2 of the top dividend shares in Australia

    A couple sits in their lounge room with a large piggy bank on the coffee table. They smile while the male partner feeds some money into the slot while the female partner looks on with an iPad style device in her hands as though they are budgeting.

    Income investors are a lucky bunch. The Australian share market is home to a large number of dividend shares.

    But which two could be among the best to buy right now? Let’s take a look at a couple that analysts are tipping as top buys:

    Transurban Group (ASX: TCL)

    Bell Potter thinks that Transurban could be one of the best Australian dividend shares to buy. It manages and develops urban toll road networks in Australia and the United States.

    The broker likes the company due to its positive exposure to inflation and low risk cashflows. It said:

    We believe the current inflationary environment is favourable for Transurban given its inflation-linked revenue stream with annual escalators. Moreover, TCL provides low risk cash flows over the long term, with long concession duration (30+ years), and relative traffic/income resilience. The group’s current pipeline of growth projects is $3.3 billion (TCL’s share of total project cost) and further huge development opportunities are expected over the next few decades, supported by population and economic growth.

    Bell Potter is forecasting dividends per share of 63.6 cents in FY 2024 and then 65.1 cents in FY 2025. Based on the current Transurban share price of $12.81, this will mean dividend yields of 5% and 5.1%, respectively.

    The broker has a buy rating and $15.50 price target on its shares.

    Woodside Energy Group Ltd (ASX: WDS)

    Morgans thinks that Woodside Energy could be a top income share to buy right now. It is one of the world’s largest energy producers with high-quality operations across the globe.

    The broker likes the company due to its “high-quality earnings” and attractive valuation. It said:

    A tier 1 upstream oil and gas operator with high-quality earnings that we see as likely to continue pursuing an opportunistic acquisition strategy. WDS’s share price has been under pressure in recent months from a combination of oil price volatility and approval issues at Scarborough, its key offshore growth project. With both of those factors now having moderated, with the pullback in oil prices moderating and work at Scarborough back underway, we see now as a good time to add to positions. Increasing our conviction in our call is the progress WDS is making through the current capex phase, while maintaining a healthy balance sheet and healthy dividend profile. WDS still has to address long-term issues in its fundamentals (such as declining production from key projects NWS/Pluto), but will still generate substantial high-quality earnings for years to come.

    In respect to dividends, Morgans is forecasting Woodside to pay fully franked dividends of $1.25 per share in FY 2024 and then $1.57 per share in FY 2025. Based on its current share price of $27.96, this represents dividend yields of 4.5% and 5.6%, respectively.

    The broker has an add rating and $36.00 price target on its shares.

    The post 2 of the top dividend shares in Australia appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Transurban Group right now?

    Before you buy Transurban Group shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Transurban Group wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Transurban Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Goldman Sachs just slapped a buy rating on this ASX 200 mining stock

    Happy man in high vis vest and hard hat holds his arms up with fists clenched celebrating the rising Fortescue share price

    There are a lot of options for investors in the mining sector. But one of the best right now could be Bellevue Gold Ltd (ASX: BGL).

    That’s the view of analysts at Goldman Sachs, which have just initiated coverage on the gold miner’s shares.

    What is the broker saying about this ASX 200 mining stock?

    According to the note, Goldman believes that Bellevue Gold’s shares are undervalued at current levels based on its long term gold price assumptions.

    The broker also highlights its compelling expansion potential and significant mine optionality. It said:

    Compelling expansion potential, where BGL has proven capability to grow processing capacity 20% to 1.2Mtpa (no further capital expected), where we factor in a ramp-up to a ~1.2Mtpa run rate by the end of FY25. A study is in progress for expansion to 1.5Mtpa (expected 1HFY25), where existing oversized equipment (crusher/proposed paste plant) helps mitigate capex requirements, supporting increased gold production of ~250koz (ramp up through FY27E), with a highly compelling IRR under various gold price scenarios.

    In respect to its mine optionality, Goldman adds:

    Significant mine optionality from investment to-date de-risks ore access/exploration, where recent drilling highlighted assays with significantly higher grades than current resources (from already above peer gold grades), and potential for additional high-grade shoots. On our estimates, a prolonged mine life from resource extension could add ~A$430mn/~20% to our NAV from a 5-year mine extension (excluding the 1.5Mtpa mill expansion), with further upside if LT prices are closer to spot.

    Goldman tips big returns

    The note reveals that the broker has initiated coverage on the ASX 200 mining stock with a buy rating and $2.20 price target.

    Based on its current share price of $1.77, this implies potential upside of 24% for investors over the next 12 months.

    And while no dividends are expected in the near term, Goldman sees potential for capital returns in the future. This is based on its strong free cash flow (FCF) yields. It concludes:

    Relative to peers, BGL remains undervalued in our view, trading at ~1x NAV or pricing in our LT gold price of US$1,800/oz (peer average ~1.1x NAV and ~US$1,900/oz), and near-term FCF yields of c. 10% in FY25/26 remain attractive vs. peers and support upside to the outlook for possible future capital returns (despite ~25% of medium-term gold sales being hedged at ~A$2,700-2,900/oz).

    All in all, this could make Bellevue Gold one to consider if you’re looking for mining sector exposure.

    The post Goldman Sachs just slapped a buy rating on this ASX 200 mining stock appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Bellevue Gold Limited right now?

    Before you buy Bellevue Gold Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Bellevue Gold Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • OpenAI’s CTO treats creativity like a problem to be solved — and that itself is the problem

    Mira Murati, Chief Technology Officer of OpenAI, speaks during The Wall Street Journal's WSJ Tech Live Conference in Laguna Beach, California.
    OpenAI CTO Mira Murati weighed in on AI-driven job loss, saying AI will eliminate some creative jobs — but those jobs "shouldn't have been there in the first place."

    PATRICK T. FALLON via Getty Images

    • OpenAI CTO Mira Murati weighed in on the topic of AI-driven job loss.
    • AI will eliminate some creative jobs, "but maybe they shouldn't have been there in the first place," she said.
    • Writer Ed Zitron called Murati's remarks "a declaration of war against creative labor."

    OpenAI's CTO Mira Murati weighed in on AI-driven job loss this month, suggesting that some workers — especially creatives — replaced by AI had jobs that "shouldn't have been there in the first place."

    In doing so, she not only outraged people at risk of losing their livelihoods due to technological advancements but also seemed to reveal that she doesn't even know what AI is good for.

    During an event at Dartmouth on June 8, Murati, speaking to university trustee Jeffrey Blackburn, discussed the AI behind ChatGPT and DALL-E, as well as safety and ethical considerations as the technology progresses.

    When the conversation turned to how AI can disrupt the process for artists, Murati said she believes the tech will soon be primarily used as a collaborative tool to help more people become creative.

    [youtube https://www.youtube.com/watch?v=yUoj9B8OpR8?start=1772&feature=oembed&w=560&h=315]

    "Some creative jobs maybe will go away," Murati said, "but maybe they shouldn't have been there in the first place — you know, if the content that comes out of it is not very high quality."

    Notably, Murati raised the topic of AI-driven job loss on her own, suggesting that the very workers whose creations helped train AI into what it is today have jobs that shouldn't even exist now that it's here.

    Ed Zitron, writer and CEO of EZPR, a national tech and business public relations agency, told Business Insider that Murati's perspective results from management's distance from the people who actually build things.

    "The people losing their jobs to AI so far have been contract workers that helped fill gaps at organizations — necessarily so — that are now going to be filled with deeply mediocre slop, ordered by people who don't understand the businesses they're in, to fulfill a need that they neither care about nor appreciate, a kind of slow-moving poison that will weaken the edges of companies," Zitron said.

    Zitron added he's tired of people "who don't build or write or draw or paint or sing or do anything creative making statements about what the creative arts should be, or how they should be run."

    "These people treat creativity like a problem to be solved," he continued.

    When Business Insider reached representatives for OpenAI, they declined to comment, instead pointing to a June 22 post on X by Murati expanding on her thoughts.

    How artists are actually approaching AI

    Boris Eldagsen is a photographer and visual artist who embraces AI. Last year, as part of an effort to demonstrate how impossible it is to tell the difference between "real" and AI-generated artwork, he entered — and won — the World Photography Organization's Sony World Photography Awards with a picture created with help from OpenAI's DALL-E2. He ultimately declined the award.

    Where in the past he was "a solo instrument" working to create new work, Eldagsen told BI that he now collaborates with AI technology, considering himself more of a conductor while the training data serves as a "gigantic, anonymous choir," making his job to "bring that into some kind of harmony and make sense out of it."

    That said, he still doesn't agree with Murati.

    German photographer Boris Eldagsen shows a printed photograph of his work "Pseudomnesia: The Electrician" which he had created with the usage of artificial intelligence.
    Boris Eldagsen shows a printed photograph of his work "Pseudomnesia: The Electrician," which he created using AI and won the "Sony World Photography Award."

    FABRIZIO BENSCH via Reuters

    "I think it's a pity, and I can't feel any empathy here. For me, her comments are a mix between being naive and arrogant," Eldagsen told BI. "I think she didn't really think it through, or she can't put herself in the position of those people who are afraid of losing their jobs."

    To say those jobs that could be eliminated by AI shouldn't exist in the first place, Eldagsen said, "is just nonsense," and to suggest poor quality is at the core of why those jobs might be lost shows Murati doesn't have much of a grasp on how and why people create or consume things.

    "The majority of things that we produce are not high quality. We have fast food, we have trash TV, we have bad products that you can use one time, and then you throw them away," Eldagsen said. "All these things shouldn't be there in the first place, but all these things are work that some people have to do. They pay the rent, they enable a living — and why should you just be so arrogant and say it shouldn't exist? This is something that I just don't understand."

    Miles Astray, an artist, photographer, and writer, told Business Insider that Murati's comments come across as "condescending."

    Like Eldagsen, Astray made AI the focal point of one of his art pieces this month: He turned Eldagsen's stunt on its head and took 3rd place in an AI art contest with a real-life photo he'd shot of a flamingo.

    Miles Astray's photograph of a flamingo
    Miles Astray won third place in the "AI generated" category of the 1839 Awards.

    Miles Astray

    Astray said he doesn't buy the narrative of creativity being boosted by AI. The technology has the ability to free up time, make some repetitive work tasks more efficient, and give artists more space to ideate on the things that actually make them creative, he said, but asking a computer to do the creative work itself cheapens the process and ultimately produces an end result that's a regurgitated copy of the data the AI was trained on, not an example of a human's creative expression.

    "You need to sit down with your piece of paper and your paintbrush and start painting — that is how you hone your skill," Astray said. "I think who it will really boost is companies, who will use it as a tool to increase productivity and to cut corners."

    In the end, Astray said he sees the tension between tech and creativity as less about making the creative process easier and more about companies leveraging technology to outsource jobs to the point where they no longer need to employ a creative workforce.

    "I think we need to have an honest public debate about the advantages, but also the pitfalls and dangers of AI technology," Astray said. "But that's not what she was doing."

    'Mediocre is all they want'

    "AI tools could lower the barriers and allow anyone with an idea to create," Murati wrote in her June 22 post on X. "At the same time, we must be honest and acknowledge that AI will automate certain tasks. Just like spreadsheets changed things for accountants and bookkeepers, AI tools can do things like writing online ads or making generic images and templates."

    She added that a key part of the conversation around AI-driven job loss, especially among creative professions, is to "recognize the difference between temporary creative tasks and the kind that add lasting meaning and value to society."

    "With AI tools taking on more repetitive or mechanistic aspects of the creative process, like generating SEO metadata, we can free up human creators to focus on higher-level creative thinking and choices," Murati wrote. "This lets artists stay in control of their vision and focus their energy on the most important parts of their work."

    But not everyone is convinced.

    "Throughout the last two years of AI hype, OpenAI and their ilk have been exceedingly careful not to directly attack labor," Zitron told BI. "What Murati is saying here — that some creative jobs 'shouldn't have existed in the first place' — is an outright declaration of war against creative labor, clearly stating that OpenAI believes that not only are there parts of creativity that are 'inefficient,' but that OpenAI will be part of the process of 'fixing' them."

    Zitron said he believes that AI is approaching the top of the S-curve, with limited progress left to be achieved, and that Murati, Sam Altman, and the rest of OpenAI are "desperate to suggest that we're just about to have AGI or some sort of magnificent machine that can do the job of a hundred thousand people."

    Such a suggestion keeps the money flowing as companies clamor for the latest version of a promising new technology that proponents swear will make their workplace faster, more efficient, and cheaper to run — all the buzzwords needed to keep investors interested, even if it means they're churning out a subpar product.

    "The output from AI is mediocre, barely rising to the quality that the task requires," Zitron said. "But the people in charge are so often removed from the process that mediocre is all they want, even if it ends up making the rest of the project worse."

    Read the original article on Business Insider

  • A look inside Jackie Kennedy Onassis’ luxurious homes, from sprawling estates to full-floor apartments

    Jackie Kennedy walks down the steps from her new home in Georgetown.
    Jackie Kennedy walks down the steps from her new home in Georgetown.

    Bettmann/Getty Images

    • Jacqueline Kennedy Onassis lived all over, from New York apartments to East Coast mansions.
    • She said her family's "happiest years" were those spent with President John F. Kennedy in the White House.
    • Here are all of the impressive places she lived in and owned in her lifetime.

    Throughout her life, Jacqueline Kennedy Onassis has lived in grand estates and luxury apartments, including the White House when her husband, President John F. Kennedy, served as president.

    She grew up in spacious New York apartments and several-acre estates, and after her marriage, she spent her summers at the famed Kennedy Compound and winters on the family's estate in Palm Beach. Though out of all the impressive properties she has resided in, she said her family's "happiest years" were those spent with her husband in the White House.

    Here are all of the impressive places she lived in and owned in her lifetime.

    Before she was a Kennedy or an Onassis, Jacqueline Lee Bouvier spent her early years in New York City.
    The apartment building at 740 Park Avenue in 2014.
    The apartment building at 740 Park Avenue.

    Stan Honda/AFP/Getty Images

    In 1932, the Bouviers moved into an apartment on the sixth and seventh floors of 740 Park Avenue.

    The apartment building was developed by her grandfather, James T. Lee. At least for a period, her father couldn't afford to furnish it so Jackie and her sister could roller skate from room to room.

    The apartment building later became a home for billionaires and was once considered one of the most iconic apartment buildings in the city.

    In 2017, her old apartment sold for $25.25 million.

    In the 1940s, Bouvier's mother remarried, and they left New York.
    The exterior of the Merrywood mansion.
    The exterior of the Merrywood mansion.

    Gordon Beall/Sotheby’s International Realty

    They moved into a Georgian-style mansion called "Merrywood" in McLean, Virginia, in Washington, DC.

    The mansion, which was built in 1919, sits on the edge of the Potomac River and covers 23,000 square feet.
    The interior of Merrywood mansion.
    The interior of Merrywood mansion.

    Gordon Beall/Sotheby’s International Realty

    Bouvier's mother had married an oil magnate named Hugh D. Auchincloss, who owned the mansion.

    At the time, it had nine bedrooms and 13 bathrooms, as well as an extensive garden. 

    Bouvier wrote fondly about the house in her diary, saying, "I always love it so at Merrywood — so peaceful … with the river and those great steep hills."

    Bouvier spent her summers at her paternal grandfather's East Hampton estate called "Lasata," which means "place of peace," in the native Algonquian language.
    Jackie Bouvier and her mother at their East Hampton home.
    Jackie Bouvier and her mother at their East Hampton home.

    Bettmann/Getty Images

    The house, which was 8,500 square feet, was built in 1917 and sat on about seven acres.

    Earlier this year, the fashion designer, Tom Ford, bought it for $52 million.

    She also spent some of her summers at her maternal grandfather's house in East Hampton called "Wildmoor."
    Jacqueline Bouvier rides horseback as her dad, John, walks at her side in East Hampton.
    Jacqueline Bouvier rides horseback as her dad, John, walks at her side in East Hampton.

    Bettmann/Getty Images

    The 18th-century home, covering about 5,700 square feet, was a shingle-and-clapboard wooden house with a view of fields, a swamp, and the sea, The Wall Street Journal reported.

    In 2021, the house was sold for $6.8 million.

    Her next notable property was the Kennedy family's summer home in Hyannis Port, Massachusetts.
    Then-Sen. John F. Kennedy and Jackie Bouvier were on vacation at the Kennedy compound in June 1953 in Hyannis Port.
    Then-Sen. John F. Kennedy and Jackie Bouvier were on vacation at the Kennedy compound in Hyannis Port.

    Hy Peskin/Getty Images

    Joseph Kennedy Sr., John F. Kennedy's father, bought a white-shingled cottage in Hyannis Port, Massachusetts, for $25,000 — about $450,000 today. The coastal Massachusetts cottage became the Kennedy family's home base for years to come.

    Before they were married, Bouvier and John F. Kennedy spent some time together there, which later became known as the "Kennedy Compound."
    Jackie Bouvier was on vacation at the Kennedy compound in June 1953 in Hyannis Port.
    Jackie Bouvier was on vacation at the Kennedy compound in Hyannis Port.

    Hy Peskin/Getty Images

    The Kennedys bought the house in 1928, Town and Country reported.

    In 1953, Bouvier became a Kennedy when the couple married in Newport, Rhode Island.
    Jackie Kennedy poses for a portrait at the staircase in Hammersmith Farm.
    Jackie Kennedy poses for a portrait at the staircase in Hammersmith Farm.

    Brooks Kraft LLC/Sygma via Getty Images

    They had the wedding reception at her mother's husband's sprawling estate, known as "Hammersmith Farm," anchored by a grand, 28-room Victorian-era mansion.

    The property was last sold in 1999 for just over $8 million.

    The estate became a part-time summer home for the Kennedys, along with the Kennedy Compound.
    Janet Lee Auchincloss, the mother of Jacqueline Kennedy, is shown at Hammersmith farm in Newport, Rhode Island.
    Janet Lee Auchincloss, the mother of Jacqueline Kennedy, is shown at Hammersmith farm in Newport, Rhode Island.

    Suzanne Vlamis/AP

    Jackie Kennedy spent summers on the estate during her childhood, and the Kennedys later vacationed there in the summer of 1961.

    In 1953, not long after the Kennedys were married, they rented a four-story, four-bedroom house in Georgetown at 3321 Dent Place.
    One of the bedrooms in the 4-bed, 4-bath home.
    One of the bedrooms in the 4-bed, 4-bath home.

    Courtesy of Compass.

    The Kennedys lived there for almost two years.

    They enjoyed throwing dinner parties and spending time in its back gardens.
    John and Jackie Kennedy in the garden at their home.
    John and Jackie Kennedy in the garden at their home.

    Orlando Suero. ullstein bild via Getty Images.

    The house is about 3,000 square feet.

    Two years later, in 1955, the Kennedys moved to "Hickory Hill," another Georgian-style house.
    Hickory Hill was under renovation in 2013.
    Hickory Hill was under renovation in 2013.

    Melina Mara/The Washington Post/Getty Images

    This one was built in 1815 and had a tennis court, a pool, and 12 fireplaces on a 5.6-acre plot in McLean, Virginia.

    They bought it from Supreme Court Justice Robert Jackson.

    Two years later, the Kennedys sold it for $250,000 to John's brother, Robert, who would end up raising his own family there.
    Four of Robert F. Kennedy's children pose for a photo on the stairs of the family house, Hickory Hill.
    Four of Robert F. Kennedy's children pose for a photo on the stairs of the family house, Hickory Hill.

    CBS Photo Archive/Getty Images

    Jackie didn't want to go back after her daughter was stillborn.

    Robert Kennedy was at the house when he heard John had been assassinated, the Baltimore Sun reported. He spent an hour alone, walking around the estate.

    In 1956, the Kennedys bought a summer home at 111 Irving Avenue in Hyannis Port, Massachusetts, right beside the original Kennedy summer home.
    Then Sen. Ted Kennedy, his wife Joan Kennedy, NBC News' Barbara Walters during an interview at the Kennedy Compound.
    Then Sen. Ted Kennedy, his wife Joan Kennedy, NBC News' Barbara Walters during an interview at the Kennedy Compound.

    NBC/NBC Newswire/NBCUniversal via Getty Images

    The 4,484-square-foot clapboarded home sat on less than an acre of land and soon became part of the "Kennedy Compound."

    They spent $45,948 on the house.

    In 1957, the Kennedys bought 3307 N Street, an 18th-century brick row house in Georgetown, for $82,000.
    NBC News' Dave Garroway interviews Pat McMahon, whom John F. Kennedy saved in World War II, outside Kennedy's home at 3307 N Street in Georgetown.
    NBC News' Dave Garroway interviews Pat McMahon, whom John F. Kennedy saved in World War II, outside Kennedy's home at 3307 N Street in Georgetown.

    NBC/NBC Newswire/NBCUniversal via Getty Images

    Jackie spent about $18,000 on remodeling it, and she decorated the house with armchairs and good porcelain.

    Her husband campaigned and was elected president during their years here, Architectural Digest reported.

    Though not officially a property she owned, Jackie lived in the White House with her family during her husband's presidency from 1961 to the end of 1963.
    Jackie Kennedy stands in a dining room table inside the White House.
    Jackie Kennedy stands in a dining room table inside the White House.

    CBS Photo Archive/Getty Images

    She later described this period as her family's "happiest years," The Daily Beast reported.

    During the winters, while they were living in the White House, they vacationed at her father-in-law Joseph Kennedy's Palm Beach estate.
    An aerial view of the Kennedy’s home in Palm Beach.
    An aerial view of the Kennedy’s home in Palm Beach.

    Lynn Pelham/Getty Images

    The Palm Beach estate became known as the Kennedys' "winter White House." In 2020, the house sold for $70 million and underwent extensive renovations by the new owner.

    In 1963, after her husband was assassinated, Jackie and her children left the White House and moved into an 18th-century home at 3017 N Street in Georgetown.
    The exterior of 3017 N Street Northwest in Washington, DC.
    The exterior of 3017 N Street Northwest in Washington, D.C.

    Marvin Joseph/The Washington Post via Getty Images

    She paid around $175,000 for the five-bedroom house but only lived there for about a year. It was too public, and she reportedly became overwhelmed with all of the tourists.

    In 2017, it was purchased for $5.25 million.

    In 1964, Jackie and her children moved back to New York after she discreetly bought a 5,300-square-foot apartment on the 15th floor of 1040 Fifth Avenue for $200,000.
    Jackie Kennedy Onassis leaving her Fifth Avenue apartment in New York City.
    Jackie Kennedy Onassis leaving her Fifth Avenue apartment in New York City.

    PL Gould/Images/Getty Images

    The apartment had five bathrooms, three fireplaces, two terraces, and a library.

    It also had a view of Central Park.

    Jackie Kennedy owned the apartment until she died in 1994.
    The press outside Jackie Onassis’s apartment on the day of her death in 1994.
    The press outside Jackie Onassis’s apartment on the day of her death in 1994.

    Ron Galella/Ron Galella Collection/Getty Images

    It was bought from her estate in 1995 for $9.2 million. 

    The buyer said she hadn't done much upkeep and they ended up gutting the whole apartment.

    While she was alive, she began dividing her time between France, Greece, Martha's Vineyard, and New Jersey.
    Jackie Kennedy Onassis and Aristotle Onassis in Paris.
    Jackie Kennedy Onassis and Aristotle Onassis in Paris.

    Yves Le Roux/Gamma-Rapho/Getty Images

    She kept New York as a home base.

    She also got married again in 1968 to a Greek shipping magnate named Aristotle Onassis and became Jackie Onassis, or "Jackie O."

    In 1974, Onassis purchased a country home — a converted barn on almost 10 acres — for $200,000 in Peapack, New Jersey.
    Jackie Onassis country home circa 1979 in Peapack, New Jersey.
    Jackie Onassis country home circa 1979 in Peapack, New Jersey.

    Images/Getty Images

    She liked the area for its natural beauty and space for horse riding.

    She knew the area well because she had previously rented a farmhouse described by The Times as a "badly made-over barn" in Bernardsville since 1965.

    After she bought the property, she painted it yellow with white trim.

    After Onassis died, her neighbor and friend, Marjorie McDonnell Walsh, bought the Peapack property for $1.47 million in 1997.
    Jackie Onassis' country home in Peapack, New Jersey.
    Jackie Onassis' country home in Peapack, New Jersey.

    Images Press/Getty Images

    Walsh told The Wall Street Journal they tore the house down.

    "It doesn't matter," she said when declining to share details about the new house. "The much more important thing is we both love the property. It's a private valley. It's beautiful."

    In 1979, after her second husband died, Jackie decided to build a new house called "Red Gate Farm," on 340 acres of land in Martha's Vineyard.
    Workmen and gardeners putting the finishing touches on the new home of Jackie Onassis in Martha's Vineyard.
    Workmen and gardeners putting the finishing touches on the new home of Jackie Onassis in Martha's Vineyard.

    Bob Dean/Boston Globe/Getty Images

    She only spent a little more than $1 million on the land, and then another $3.1 million on building the house, which was finished in 1981. The main building covers 6,456 square feet.

    There's also a four-bedroom guest house, a pool, and a tennis court. The property stretches across a mile of beach.

    In 2020, it was put up for sale for $65 million.

    Editor's note: This story was first published in September 2023 and has been updated with additional information.

    Read the original article on Business Insider

  • As a gay Black man living in a conservative small town, wrestling and drag helped me find the courage to be myself

    princey on we're here, dressed in full drag in a colorful body suit, and white wig with braids going into a fluffy ponytail. he's standing on stage with his arms spread out, lip-syncing while two dancers crouch in the background
    Princey — Totally Plastic Pha'Nesse — performs on season four of "We're Here."

    Greg Endries/HBO

    • Princey — "Totally Plastic" Pha'Nesse — is a wrestler who did drag under Priyanka's tutelage on "We're Here."
    • Princey said that doing the show, and drag, helped him feel more confident. 
    • This is Princey's story, as told to Business Insider reporter Palmer Haasch. 

    This as-told-to essay is based on a conversation with Princey, a wrestler who performs under the name "Totally Plastic" Pha'Nesse and did drag under drag mother and "Canada's Drag Race" winner Priyanka on the HBO series "We're Here," which is currently streaming on Max. The conversation was edited for length and clarity.

    I first got into wrestling when I was in diapers.

    I grew up the youngest of two older brothers. Wrestling has always been around in my life, ever since I was a baby. I remember having the action figures, the video games, and everything — I was just obsessed.

    I kind of lost interest a little bit growing up, and then I got back into it when I was 18 or so. My mom passed away when I was 23 and I was just kind of depressed, sad, and I was flipping through the channels and saw that "Monday Night RAW" was on. I was with some friends watching it and something just clicked in my head: "Why aren't I doing this?"

    Growing up in Murfreesboro, being this out, proud gay Black man was kind of just frowned upon. To protect myself from getting insulted or attacked, I kind of just covered it up. And Princey was just kind of this quiet individual who never really went around too much, and just did my own little thing.

    When I first started out in wrestling, I was so quiet and timid. And they were like, "You can't do that here. You're supposed to be yourself times a hundred." And so I was like, "Okay. I just got to shake off everything that I held in."

    I finally found my wrestling identity as 'Totally Plastic' Pha'Nesse

    I came across the Crux Wrestling training center with my coach Brian Maxwell and Kerry Awful, and came to a class in Maxwell's backyard. I was just rolling around and doing stuff and they were like, "You're a natural." And I was like, "I am? What?"

    I just kept coming back and learning things every weekend. That was the main thing taking my mind off everything going on in the past with my mom. I had this safe place where I could just be myself.

    brian, priayanka, and princey on season four of we're here. they're all dressed in athletic wear, sitting casually on the edge of a wrestling while chatting and smiling
    Brian, Priyanka, and Princey in season four of "We're Here."

    Greg Endries/HBO

    I went to a show at the TWE arena and met everybody, and just felt an instant connection. I was looking at their social media, and the first thing — which is so rare in the South — was them being on the mic saying that TWE does not condone homophobia or racism. I was like, "I have to be here. I'll work my butt off to be here."

    When I was growing up and wrestling, I was so captivated by the women wrestlers. I just felt like they were amazing, and they could tell these amazing stories in probably less than five minutes. I just saw so much pageantry there, and so much charisma, and I was like, "This is kind of drag."

    I thought my wrestling name was going to be "Princey," but my coaches were like, "Nah, not really." Then, my name was going to be "The Pha'Nesse," and I was like, "I like Pha'Nesse, I don't want to get rid of that. I'll drop the 'the.'"

    "Totally Plastic" was supposed to be this mean, bitchy gimmick. My coaches thought I was going to be a bad guy. But my first match I had in Alabama, the moment I hit the stage, the crowd was just like "Woooo!" And so I was like, "I can't be a bad guy. I love the crowd too much. This is awesome."

    So Totally Plastic stayed, but it's more just this really flamboyant character that just loves everybody.

    brian, priayanka, and princey on season four of we're here. they're all dressed in athletic wear, sitting casually on the edge of a wrestling while chatting and smiling
    Brian, Priyanka, and Princey in season four of "We're Here."

    Greg Endries/HBO

    I found new confidence through drag and sharing my story on HBO's 'We're Here'

    I was so nervous to do "We're Here."

    I didn't know what the show was at first. The casting director was just like, "This is just a docuseries that's documenting people from different walks of life." I had no idea it would be on HBO, or this type of platform!

    When I found out that this was a popular show, I was like, "Should I do this?" I didn't tell most of my family. I think I told my aunt, and I told my friends, and they were like, "Do it. I feel like you're one of the people who do have a story to tell about just everything you've been through in life. Maybe you can inspire somebody who sees you, who grew up in your situation."

    I felt like I wanted to do that, because it brought me back to watching the divas and wrestling. They inspired me growing up, so I wanted to be that person for somebody.

    I learned the choreography for the performance in three days, and when I saw my outfit and my wig, I was like, "This is going to be awesome. I am in the House of Priyanka, I can't look bad." She's an awesome dancer, and so I was like, "Okay, I got to really get into the gig."

    And so I treated it kind of just like a wrestling match: I know my spots, I know what I'm supposed to here. Priyanka was a huge help. It was kind of like having a wrestling coach, but it was just my drag mom.

    Now, I feel like Princey is Pha'Nesse.

    I'm able to speak up about situations I don't like, and I feel like that's Pha'Nesse, that's just me coming into my true form. I'm so glad I did it, because I feel like I never would have gained this sort of confidence — being around these awesome people who were like, "You're this awesome person."

    To be honest, I never really believed I was this special person. But if you're the only one doubting yourself, and all these people say you're wrong, maybe you need to look in the mirror.

    Read the original article on Business Insider

  • Buy these ASX dividend shares with ~5% to 8% yields

    Hand with Australian dollar notes symbolising ex-dividend date.

    Do you have room for some new ASX dividend shares in your income portfolio?

    If you do, then it could be worth looking at the three names in this article.

    That’s because analysts think they are in the buy zone and destined to provide investors with some very attractive dividend yields.

    Here’s what they are forecasting from them:

    Aurizon Holdings Ltd (ASX: AZJ)

    Analysts at Ord Minnett think that Aurizon could be an ASX dividend share to buy. It is a rail freight operator with a network spanning thousands of kilometres. With this network it transports a range of commodities, including mining, agricultural, industrial and retail products for a diverse range of customers across Australia.

    The broker is positive on the company due partly to its belief that coal usage in China and India will continue to keep Aurizon busy for a long time to come. The broker expects this to underpin partially franked dividends of 18.6 cents per share in FY 2024 and then 24.4 cents per share in FY 2025. Based on the current Aurizon share price of $3.69, this will mean dividend yields of 5% and 6.6%, respectively.

    Ord Minnett has an accumulate rating and $4.70 price target on its shares.

    Charter Hall Retail REIT (ASX: CQR)

    Another ASX dividend share that analysts are bullish on is the Charter Hall Retail REIT. It is a property company with a focus on supermarket anchored neighbourhood and sub-regional shopping centre markets.

    Citi likes the company due partly to its inflation-linked rental increases. It is expecting this to underpin dividends of 28 cents per share in both FY 2024 and FY 2025. Based on the current Charter Hall Retail REIT share price of $3.38, this will mean very large yields of 8.3%.

    Citi has a buy rating and $4.00 price target on its shares.

    Eagers Automotive Ltd (ASX: APE)

    A third ASX dividend share that analysts are tipping as a buy is Eagers Automotive. It is the leading automotive retail group in Australia and New Zealand.

    Bell Potter believes that recent share price weakness has created a buying opportunity for income investors. Especially given its expectation for above-average dividend yields in the near term.

    It is forecasting fully franked dividends of 64.5 cents per share in FY 2024 and then 73 cents per share in FY 2025. Based on its current share price of $10.89, this represents dividend yields of 5.9% and 6.7%, respectively.

    The broker has a buy rating and $13.35 price target on its shares.

    The post Buy these ASX dividend shares with ~5% to 8% yields appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Eagers Automotive Ltd right now?

    Before you buy Eagers Automotive Ltd shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Eagers Automotive Ltd wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

  • Beat the ASX with these cash-gushing dividend stocks

    Smiling woman with her head and arm on a desk holding $100 notes out, symbolising dividends.

    Aiming to beat the ASX with some cash-gushing dividend stocks?

    You’re not alone!

    Below we look at three high-yielding ASX dividend stocks that have been smashing the average yields delivered by ASX shares.

    So, if it’s market-beating passive income you’re after, read on.

    Three high-yielding ASX dividend stocks

    Before we proceed, note that the yields you generally see quoted are trailing yields. Future yields can be higher or lower depending on a range of company-specific and macroeconomic factors.

    And while we’re looking at three cash-gushing ASX dividend stocks here, the ideal passive income portfolio will contain more than ten companies. Ideally, these will operate in different sectors and geographic locations. That kind of diversity will lower the overall risk to your income portfolio.

    With that said, the first dividend stock to buy to beat the ASX is Australia and New Zealand Banking Group Ltd (ASX: ANZ).

    ANZ shares have been on fire over the year gone by, soaring more than 26% over 12 months.

    As for that passive income, ANZ paid a final partly franked dividend of 94 cents a share on 22 December. The S&P/ASX 200 Index (ASX: XJO) bank will pay the interim dividend of 83 cents a share on Monday, 1 July.

    That equates to a full-year payout of $1.77 a share, and it sees ANZ shares trading on a partly franked dividend yield of 6.14%.

    Which brings us to the second ASX dividend stock to buy to beat the ASX, Yancoal Australia Ltd (ASX: YAL).

    The Yancoal share price has also rocketed over the past year, up a whopping 42% over 12 months.

    And that’s not including the two super-sized dividends the ASX coal miner paid out over the year.

    Yancoal paid a fully franked interim dividend of 37 cents per share on 29 September. The coal stock paid the final dividend of 32.5 cents a share on 30 April. That works out to a full-year payout of 69.5 cents a share.

    And it sees this top stock trading on a fully franked yield of 11.05%. Take that ASX!

    Rounding off our list of high-yielding ASX dividend stocks is Woodside Energy Group Ltd (ASX: WDS).

    Unlike our other two ASX smashing companies, the Woodside share price has lost ground over the past year, down 17%.

    But the oil and gas company continued to please passive income investors. Woodside paid a fully franked interim dividend of $1.243 a share on 28 September and a final dividend of 91.7 cents a share on 4 April for a full-year payout of $2.16 a share.

    That sees this ASX dividend stock trading on a fully franked trailing yield of 7.72%.

    The post Beat the ASX with these cash-gushing dividend stocks appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Australia And New Zealand Banking Group right now?

    Before you buy Australia And New Zealand Banking Group shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Australia And New Zealand Banking Group wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Alex Schultz, Meta’s CMO and VP of analytics, says AI will face wobbles and setbacks, so marketers need to focus on long-term progress and real results

    Read the original article on Business Insider

  • 1 top ASX ETF to buy now as the global uranium race heats up

    a man in 80s style running gear crouches on a running track ready to spring into action as quickly as he can as though he is running a race.

    With the global uranium race heating up, investors may want to run their slide rule over ASX exchange-traded fund (ETF) Betashares Global Uranium ETF (ASX: URNM).

    URNM is intended to track the performance of a basket of Australian and international uranium miners.

    You can buy and sell shares in this top ASX ETF just like you would with individual stocks.

    And it gives you instant diversification and exposure to 38 leading uranium producers across the globe.

    Launched in June 2022, URNM’s top four holdings are internationally listed companies:

    • Cameco Corp
    • NAC Kazatomprom JSC
    • Sprott Physical Uranium Trust
    • CGN Mining Co LTD

    Two leading ASX uranium stocks are also in the ETF’s top 10 holdings. Namely Paladin Energy Ltd (ASX: PDN) and Boss Energy Ltd (ASX: BOE).

    Australia is second only to Canada in terms of URNM’s country allocation, with Kazakhstan at number three and the United States at number four.

    The ASX ETF has been running hot amid the global uranium renaissance. According to Betashares, as at 31 May and including dividends, the fund had returned 89.4% over the prior 12 months (although returns will have partially retreated from this figure as at the time of writing).

    ASX ETF making hay amid global nuclear revival

    As you’re likely aware, nations around the world are fast reversing their opposition to nuclear energy as a means to provide reliable baseload power without carbon emissions.

    And that change in sentiment has been a boon for this ASX ETF.

    Today, at least 58 new nuclear power stations are under construction across 16 countries. Twenty-two of these are in China, with India also investing heavily in new nuclear plants.

    But the world’s two most populous nations aren’t alone.

    In December, 22 nations – including the United States, Japan and France – pledged to triple their nuclear power capacity by 2050.

    And in good news for uranium producers and this ASX ETF, the US Government recently unveiled a major spending package to up its nuclear capacity.

    According to US Energy Secretary Jennifer Granholm:

    We are entering a new era of nuclear energy, our single largest source of carbon-free electricity. We plan to invest up to US$900 million to accelerate nuclear deployment, add more small modular reactors, and reach more Americans with clean energy.

    With uranium supply growth trailing demand growth, uranium prices hit all-time highs of around US$107 per pound in late January, up from an average of US$67 per pound in 2023.

    Prices have come down from there, recently trading for US$86 per pound. That’s also seen the URNM share price drop by around 12% over the past month.

    But with uranium demand widely expected to outstrip new supplies for years yet, I believe that’s just a bump in the road for longer-term investors in the top ASX ETF and could present an excellent entry point.

    What are the experts saying?

    Commenting on the global nuclear renaissance Guy Keller, fund manager at Tribeca Investment Partners said (quoted by The Australian Financial Review):

    I think the real change has been global … which has made it much more politically safe… There has been a massive, wholesale global adoption of nuclear technology and its ability to solve decarbonisation of the electricity grid, and also some very serious energy security concerns.

    Regal Partner’s Phil King is among those forecasting tight uranium supplies are likely to persist for some time.

    According to King:

    We’re seeing a huge rollout of nuclear plants all around the world, and this is very much led by India and China. Because of the time it takes to get new mines into production, this … almost guarantees that we’re facing a very, very tight scenario for uranium.

    With this “very tight scenario for uranium” in mind, I think this ASX ETF looks well placed for more outperformance in the year ahead.

    The post 1 top ASX ETF to buy now as the global uranium race heats up appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Betashares Global Uranium Etf right now?

    Before you buy Betashares Global Uranium Etf shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Betashares Global Uranium Etf wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Cameco. The Motley Fool Australia has recommended Betashares Global Uranium Etf. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.