• 3 reasons this ASX growth stock is a top buy

    a man with a wide, eager smile on his face holds up three fingers.

    If you have a penchant for ASX growth stocks, like I do, then you may want to check out the one in this article.

    That’s because analysts at Goldman Sachs believe it is well-positioned for strong growth and see potential for market-beating returns from its shares.

    Which ASX growth stock?

    The company in question is Light & Wonder Inc (ASX: LNW).

    Formerly known as Scientific Games, Light & Wonder is an American cross-platform global games company that provides gambling products and services.

    It listed on the Australian share market just over a year ago. Since then, the ASX growth stock has raced over 70% higher.

    However, despite this strong return, analysts at Goldman Sachs believes there’s still plenty of room for its shares to rise further from current levels.

    According to a note out of the investment bank this morning, the broker has reaffirmed its buy rating and $190.00 price target on the ASX growth stock.

    Based on its current share price of $156.40, this implies potential upside of 21.5% for investors over the next 12 months.

    Why is the broker bullish?

    Goldman has revealed why it believes that Light & Wonder shares would be a great option for investors.

    Its bullish view its based largely on its belief that the company can reach its FY 2025 AEBITDA target of US$1.4 billion, which is ahead of consensus estimates. It named three reasons why:

    We believe this will be driven by: 1. Share gains in North America gaming operations (GSe c.16% now to >20% over the mid-term) with strong ANZ performance a lead indicator. LNW is also increasing their R&D spend which will drive the development of top-performing games. 2. SciPlay is out indexing the social casino segment through higher monetisation rates and modest user growth, despite broader industry headwinds. 3. Strong track record in iGaming where LNW’s pedigree in land-based should continue to provide a key advantage in this large and growing market (GSe US$6bn, +14% CAGR).

    Goldman also highlights that the company has a strong balance sheet, which it believes provides extra justification for a higher valuation for the ASX growth stock. It adds:

    Additionally, LNW has a strong balance sheet now after a period of de-levering, and we think this is a key factor in justifying a valuation uplift with scope for capital management initiatives.

    All in all, the broker appears to believe this could make Light & Wonder worth considering if you are looking for new additions to your growth portfolio.

    The post 3 reasons this ASX growth stock is a top buy appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Light & Wonder right now?

    Before you buy Light & Wonder 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 Light & Wonder 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 10 July 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 and Light & Wonder. The Motley Fool Australia has recommended Light & Wonder. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Could BHP shares provide an 18% return for investors?

    A happy construction worker or miner holds a fistfull of Australian money, indicating a dividends windfall

    BHP Group Ltd (ASX: BHP) shares were out of form on Wednesday. The mining giant’s shares ended the day almost 1% lower at $42.70.

    Investors were hitting the sell button following the release of its fourth quarter update. This was despite the Big Australian reporting record iron ore production and delivering impressive copper production.

    With the company’s shares now down 16% from their 52-week high, investors may be wondering if it is time to buy. So, let’s see what analysts are saying.

    What are analysts saying about BHP’s update?

    According to a note out of Goldman Sachs, its analysts were pleased with BHP’s strong finish to the financial year. This was particularly the case with its copper operations, which is good news given the positive outlook for the base metal. It commented:

    A strong finish to the year across all divisions. Copper production of 505kt exceeded expectations by 8%, delivering the strongest production result in 15 years. All assets performed well with realised pricing better than GSe on provisional pricing lower TC/RCs. Spence exceeded guidance as the recent concentrator upgrades translated to a notable uplift in recoveries that should improve further, and grades bounced back at Escondida that will remain at similar levels as group copper production is expected to increase ~4% in FY25 (1.85-2.05Mt, GSe 1.94Mt).

    Pilbara [iron ore] shipments of 75.9Mt came in 2% ahead but realised pricing was marginally lower than GSe; FY25 guidance of 282-294Mt is as expected (GSe/VA 288Mt/291Mt) as efforts focus on rail tie-ins and port debottlenecking ahead of volumes creep target of 305Mtpa by FY28.

    In light of the above, the broker believes that BHP is going to report a full year result largely in line with the market’s expectations next month. It said:

    We forecast FY24 U/L EBITDA of US$28.8bn (VA US$28.8bn – before Q) and U/L NPAT of US$13bn (VA US$13.3bn). We model 2H’24 U/L EPS of USc128/sh (US$6.5bn) and a final DPS of USc70/sh (55% payout, FY DPS of USc142/sh vs VA at USc149/sh). We expect net debt (BHP disclosed) at US$9.8bn (VA US$10.7bn).

    Should you buy BHP shares?

    In response to the update, Goldman Sachs has retained its buy rating and $48.40 price target on BHP’s shares.

    Based on its current share price, this implies potential upside of approximately 13.5% for investors over the next 12 months.

    In addition, a dividend yield of ~4.7% is expected over the period, which stretches the total potential return to approximately 18%.

    Goldman believes its premium valuation is justified. It commented:

    BHP is currently trading at ~6.0x NTM EBITDA (25-yr average EV/EBITDA of 6.6x), a slight premium to RIO on ~5.5x; and at 0.9xNAV vs RIO at 0.8xNAV. Over the last 10 years, BHP has traded at a ~0.5x premium to global mining peers. We believe this premium can be partly maintained due to ongoing superior margins and operating performance (particularly in Pilbara iron ore where BHP maintains superior FCF/t vs. peers).

    The post Could BHP shares provide an 18% return for investors? appeared first on The Motley Fool Australia.

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

    Before you buy Bhp 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 Bhp 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 10 July 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.

  • Biden tests positive for COVID-19

    Biden
    Biden

    • President Joe Biden tested positive for COVID-19, the White House said.
    • Biden was set to speak at the UnidosUS conference in Las Vegas on Wednesday night.
    • He's experiencing mild symptoms, according to a statement from Press Secretary Karine Jean-Pierre.

    President Joe Biden tested positive for COVID-19 on Wednesday, according to the White House.

    "Earlier today following his first event in Las Vegas, President Biden tested positive for COVID-19. He is vaccinated and boosted and he is experiencing mild symptoms. He will be returning to Delaware where he will self-isolate and will continue to carry out all of his duties fully during that time," Press Secretary Karine Jean-Pierre said in a statement provided to Business Insider. "The White House will provide regular updates on the President's status as he continues to carry out the full duties of the office while in isolation."

    Biden, 81, was set to speak at a conference for UnidosUS in Las Vegas on Wednesday night.

    This is a breaking story. Please check back for updates.

    Read the original article on Business Insider
  • Down 15% in less than 3 weeks, what’s next for Brainchip shares?

    A young man sits on the floor with his back against a sofa hunched over his phone in one hand and his other hand on top of his head as though he is seeing bad news as his face looks sad and anguished.

    The downtrend in BrainChip Holdings Ltd (ASX: BRN) shares shows no signs of exhaustion with the ASX artificial intelligence (AI) stock hitting three-month lows on Tuesday.

    Winding back to 27 June, a little less than three weeks ago, shares in Brainchip were fetching 22.5 cents. Since then, investors have continued to sell shares at lower and lower prices.

    They finished the session on Wednesday at 19.8 cents, down 15% from this mark.

    With the continued selling pressure, one can’t help but wonder, what’s next for Brainchip shares?

    Brainchip’s struggles in FY24

    Brainchip shares underperformed by a wide margin in FY24, plunging by nearly 39%. The stock peaked at 49 cents per share in February but has since fallen dramatically.

    A post-mortem analysis shows that there were a couple of factors behind this volatility. Here’s the lowdown:

    1. AI stock mania driving BrainChip shares

    BrainChip’s significant rise in February was likely influenced by the soaring stock of US-listed AI giant Nvidia Corp (NASDAQ: NVDA).

    For anyone who missed it, Nvidia’s stock price went vertical from around US$475 on 3 January to more than US$1,000 per share by May. This speculative trading drove up BrainChip shares despite the company’s unproven financial performance.

    But it wasn’t long before the market snapped back to economic reality. Unlike Nvidia, which grew earnings by more than 600% in Q1, BrainChip reported a net loss of US$28.9 million for FY23, with sales declining by 95% year over year.

    2. Disappointing fundamentals

    BrainChip specialises in neuromorphic computing, a niche area within AI that replicates the human brain’s processing power.

    The company released the second generation of this technology, Akida, in FY24. But despite this innovation, BrainChip has yet to secure significant royalty agreements for its intellectual property.

    In the wake of declining revenues, this may have been a fan to the flames already charring BrainChip shares. Investors were expecting more.

    As my colleague James said in a separate analysis, Brainchip “has promised the world and delivered nothing in a market dominated by a US$3 trillion behemoth”. That behemoth is Nvidia.

    At the recent AGM, BrainChip CEO Sean Hehir said the company was in licensing discussions that could lead to potential sales in the audio and microcontroller segments.

    However, as my colleague Rhys noted, “Investors will need to see that translated into real sales” first to get behind the company.

    3. Sentiment is flat in BrainChip shares

    Analysts are hesitant, too. Peak Asset Management recently recommended selling BrainChip shares following the lacklustre financials.

    At the end of Q1 CY24, the company’s cash reserves decreased from US$14.3 million to US$13 million, with rising operating cash outflows and lower cash inflows from customers.

    “Cash inflows from customers were lower in the March quarter compared to the prior quarter”, Peak AM said, noting it “prefer[s] other stocks at this stage of the cycle”.

    Foolish takeout: What does this mean for investors?

    AI has become somewhat of a mania in 2024. BrainChip alone faces stiff competition from major players like Nvidia.

    This increased competition and the company’s financials have added to investor concerns about BrainChip’s ability to compete in this rapidly evolving market.

    I’d say that’s why BrainChip shares have had a volatile year, and why the road ahead remains uncertain. While the company’s innovative technology holds promise, it needs to deliver on its revenue potential to regain investor confidence.

    Investors might want to weigh the potential rewards against the risks.

    The post Down 15% in less than 3 weeks, what’s next for Brainchip shares? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Brainchip Holdings Limited right now?

    Before you buy Brainchip Holdings 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 Brainchip Holdings 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 10 July 2024

    More reading

    Motley Fool contributor Zach Bristow 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 Nvidia. The Motley Fool Australia has recommended Nvidia. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • HGTV star Christina Hall is getting divorced. Here’s a timeline of her romantic life, from working with Tarek El Moussa to her latest split.

    Josh and Christina Hall pose in front of a blue backdrop with the Barbie logo on it.
    Josh Hall and Christina Hall in July 2023.

    • Josh Hall filed for divorce from Christina Hall of HGTV fame on Tuesday. 
    • She was previously married to Tarek El Moussa and Ant Anstead.
    • Josh cited "irreconcilable differences" in his filing. 

    Christina Hall is getting divorced.

    On Tuesday, Josh Hall, with whom Christina has been romantically involved since early 2021, filed for divorce in Orange County, citing irreconcilable differences. They have been married for less than three years. 

    Josh was Christina's third husband. She was previously married to Tarek El Moussa, her longtime "Flip or Flop" costar, and Ant Anstead, another HGTV personality. Her maiden name was Haack, though her last name was still Hall at the time of writing. 

    Business Insider broke down Christina's romantic history, from marrying Tarek El Moussa pre-fame to her split with Josh.

    2009: Christina Hall and Tarek El Moussa got married.
    Flip or Flop HGTV
    Tarek El Moussa and Christina Hall got married in 2009.

    Christina and El Moussa met in the early 2000s when they were working together at a real-estate office in California.

    They started dating and became a real-estate team in 2008, and they got married a year later. 

    2010: Christina gave birth to their first child.
    Tarek and Christina
    They welcomed a daughter.

    El Moussa and Christina welcomed their daughter, Taylor Reese, after a quick birth.

    2013: "Flip or Flop" started airing on HGTV.
    tarek el moussa house flipping flip or flop
    Tarek El Moussa and Christina Hall on the set of "Flip or Flop."

    El Moussa and Christina initially pitched "Flip or Flop" in 2011, when El Moussa had a friend film their audition tape for HGTV.

    The network signed the couple for a show in 2012, and episodes started airing in 2013. 

    2015: Christina gave birth to their son.
    Tarek and Christina
    They had a son.

    Christina and El Moussa struggled to conceive their second child, so she underwent IVF treatment, as People reported.

    After suffering a miscarriage, Christina got pregnant again and gave birth to a son in 2015, Brayden James El Moussa.

    December 2016: El Moussa and Christina announced they were separating.
    Tarek El Moussa and Christina Haack pose for a photo.
    Tarek El Moussa and Christina Hall separated in 2016.

    In May 2016, police went to the couple's home because of "a call of a possibly suicidal male with a gun," TMZ reported at the time. El Moussa was seen running from his home with a firearm, which he dropped after police told him from a helicopter to release it, TMZ reported.

    Seven months later, El Moussa and Christina announced their separation, acknowledging the incident in a statement to Us Weekly.

    "Like many couples, we have had challenges in our marriage," the statement said. "We had an unfortunate misunderstanding about six months ago and the police were called to our house in an abundance of caution."

    "There was no violence and no charges were filed. We chose to get counseling to sort out our relationship. Together, we have decided to separate while we reevaluate the future of our marriage," the statement went on to say.

    El Moussa reflected on the incident in his 2024 book, "Flip Your Life," writing that he took his gun with him on a hike because of wildlife in the area after an argument with Christina, though that was not clear to Christina when she saw him hop their fence with the weapon in tow. 

    "That was the very last time we were together as a family: with Christina walking down the driveway, crying, and me sitting there in handcuffs, asking myself, 'What in the world is going on?'" he wrote of the incident, adding that he was taking testosterone at the time. He quit the next day and ended up living in a halfway house shortly after.

    Speaking to BI about his life in January, El Moussa said that hitting rock bottom helped him see what his true priorities are.

    "I didn't even realize how obsessed I was with my kids until I hit rock bottom, until I was on my own, until I started rebuilding my life," he told BI.

    "I wasn't present. I wasn't putting in the work," he went on to say. "I wasn't putting in the time that I put into flipping houses. I needed to put that time into being a dad."

    October 2017: Christina started dating Ant Anstead.
    Ant Anstead and Christina Haack pose on a red carpet.
    Ant Anstead and Christina Hall in 2019.

    Before her divorce from El Moussa was finalized, a mutual friend introduced Christina and "Wheelers and Dealers" star Ant Anstead, as House Beautiful reported. Like Christina, Anstead had two children from a previous marriage.

    They initially kept their relationship private, and they only revealed they started dating in October on their first anniversary.

    January 1, 2018: Christina and Anstead went public with their relationship.
    christina anstead ant anstead december 2019
    They announced they were a couple.

    Christina announced she and Anstead were dating with a casual photo of the duo biking on her Instagram that has since been deleted, as People reported.

    She congratulated him on his new season of "Wheelers and Dealers" in the post.

    January 22, 2018: El Moussa and Christina's divorce was finalized.
    Tarek and Christina
    The divorce was finalized.

    A representative for the former couple confirmed to Page Six that the divorce was finalized.

    The exes decided to keep filming "Flip or Flop" together.

    December 22, 2018: Christina and Anstead got married.
    christina anstead ant anstead july 2019
    They said 'I do' at their home.

    Anstead and Christina didn't announce their engagement before their wedding, though Anstead did say they were "celebrating something special" in the caption of a photo of Christina that he posted on December 17, according to People.

    They got married at their house in Newport Beach, California. 

    "We pulled off the perfect surprise wedding," Christina told People at the time.

    March 22, 2019: Christina and Anstead announced they were expecting a baby.
    Ant Anstead holds Christina Haack's baby bump.
    Christina Hall announced she was pregnant on Instagram.

    Christina and Anstead announced they were expecting in an Instagram that has since been deleted.

    Her ex, El Moussa, later accidentally announced the baby's gender during an appearance on TMZ Live.

    A representative for Christina and Anstead then confirmed the news to People in a statement. "While Christina and Ant wished they could have shared the news themselves, they are very excited to welcome a baby boy in the fall," they said.

    September 2019: Christina gave birth to her third child.
    christina el moussa
    They had a son.

    In another now-deleted Instagram, Christina announced that she and Anstead had welcomed their son, Hudson London, according to People.

    "Ant and I are so excited to welcome Hudson London Anstead into the world. Our hearts are SO full of love and joy," she captioned the post at the time. 

    Christina also documented Taylor and Brayden meeting their brother for the first time in her docuseries, "Christina on the Coast."

    September 2020: Christina and Anstead announced they were separating.

    A post shared by ant anstead (@ant_anstead)

    //platform.instagram.com/en_US/embeds.js

    Just a year after they had Hudson, Christina announced she and Anstead were separating in an Instagram that has since been deleted.

    "Ant and I have made the difficult decision to separate. We are grateful for each other and as always, our children will remain our priority," she said in the statement, according to People. "We appreciate your support and ask for privacy for us and our family as we navigate the future."

    Anstead also posted about the separation on his Instagram, seeming to indicate Christina decided to end the marriage. 

    "Anyone who really knows me knows that I don't like to share private matters publicly. I have remained silent while holding on to hope," he captioned a selfie of the pair. "I never gave up on us. I pray Christina's decision brings her happiness."

    Early 2021: She started dating Josh Hall.
    Josh and Christina Hall pose in front of a pink car.
    Josh Hall and Christina Hall in July 2023.

    Sometime in early 2021, Christina started dating Austin-based real-estate agent Josh Hall. According to US Weekly, the pair initially met at a real-estate conference a few years before they became involved.

    The couple kept the relationship quiet, and it's unclear exactly when they started dating. But in March 2022, Christina confirmed they had been dating since at least March 2021 with a throwback photo of the pair on Instagram that has since been deleted.

    June 2021: Christina and Anstead's divorce was finalized.
    Christina Haack and Ant Anstead walk together holding hands.
    They officially divorced.

    A representative for Christina confirmed the marriage was officially over to USA Today.

    July 6, 2021: Christina and Josh were spotted in public together for the first time.
    Josh and Christina Hall in July 2023.
    Josh and Christina Hall in July 2023.

    Page Six published photos of the couple at LAX on their way to Mexico.

    Christina posted a now-deleted photo of herself and Josh on Instagram later the same day confirming the relationship and critiquing the media's focus on her love life. 

    "I met Josh when I wasn't in a state of fear or fight-or-flight," she wrote. "When we met this past spring, the synchronicities hit us so hard and fast they were impossible to ignore. I felt immediately crazy protective over him and wanted to keep him for myself and get to know each other before the tornado (media attention) hit."

    "We decided whats in the past, is in the past. We aren't looking at all the nonsense online," she added. "So yes 'another relationship' and guess what. I'm 38 – I'll do what I want."

    September 2021: Christina announced she and Josh were engaged.
    Christina Hall sits in front of a blue backdrop.
    Christina Hall in 2019.

    Christina announced the engagement with a series of Instagram photos that have since been deleted from a trip the couple took to Mexico.

    April 2022: The Halls revealed they tied the knot.
    Christina Hall, her children, and Josh Hall pose in front of a black backdrop.
    Christina Hall, Josh Hall, and her children in January 2023.

    E! News initially reported that the couple got married in a "private ceremony" on April 5, 2022. Business Insider was able to separately confirm that the Halls were married.

    Christina also changed her Instagram name from "Christina Haack" to "Christina Hall." 

    E! News reported that Christina's real-estate license had been changed to "Christina Hall" as well. 

    April 28, 2022: Anstead filed for full custody of Hudson.
    Ant Anstead smiles in front of a blue backdrop.
    Anstead requested full custody.

    On April 28, 2022, Anstead filed an emergency request for full custody of Hudson

    In his court filing that Business Insider was able to review, Anstead said he was Hudson's "primary parent," and that Christina only spent an average of "9 full days each month" with their son.

    Anstead also said in the court documents that Christina had put Hudson in "dangerous" situations, including a sunburn so severe it made him cry.

    On another occasion, Anstead said Christina returned Hudson to him without telling him her family had COVID. "At the time my partner was filming her new project and her covid diagnosis placed the whole production on pause," he said in the filing, referring to his current girlfriend, Renée Zellweger.

    The filing continued that Christina used her time with Hudson to post him on social media, sometimes for sponsored content. Anstead requested that a judge block Christina from posting Hudson in any "commercial endeavor" until they reached a new custody agreement.

    Anstead requested a "regular" custody schedule that would give Christina visitation rights on "alternating weekends, Friday at 4 p.m. until Sunday at 6 p.m. commencing May 6, 2022, in California only, and except for vacations," according to the filing.

    "This will allow Christina's time to be stepped-up over the next several months to match the schedule she has with her other children," the filing said.

    Anstead declined to comment on the matter when contacted by Business Insider.

    April 28, 2022: Christina rebuked Anstead's claims in a statement to Business Insider.
    Christina Hall smiles in front of a purple backdrop.
    Hall spoke out against the order.

    "What Ant is doing deeply saddens me," Christina said. "If this was really about Hudson, as he says, this should have been handled privately with a private judge or mediation, as myself and my attorney have suggested."

    "I have had my share of ups and downs, but I am a good mom and I love my children with all my heart and I will always protect them," she went on to say.

    A judge denied Anstead's ex parte custody application on April 28 both because he did not give Christina enough notice and he did not provide sufficient evidence that Hudson was in danger, according to People.

    Christina also filed a response to Anstead's motion on April 29, which BI reviewed. She said she was "shocked" by the filing and said Anstead was "misleading" the court regarding their custody arrangement.

    "Mr. Anstead has now taken the position that he is the defacto primary parent of our son, which is not accurate," she said in the filing. "Anstead does not count any day wherein we exchange our son as a custodial day for me. He also counts days where I made an accommodation or gave a right of first refusal to him as his day."

    "That is why there is a huge discrepancy in his mind from our accurate schedule. His attempt to mislead the court is transparent when presented with the true facts," Christina also said. "I do not count my accommodations as decreasing my custodial time, but as me being a supportive coparent."

    Representatives for Christina and Anstead did not respond to a request for comment from BI on the filing.

    May 9, 2022: Christina and Tarek's wife, Heather Rae El Moussa, were photographed arguing at Brayden's soccer game.
    A side-by-side of Christina Haack and Heather Rae El Moussa.
    Christina Hall and Heather Rae El Moussa had a public argument.

    After his split from Christina, Tarek El Moussa remarried Heather Rae El Moussa in October 2021, and she quickly became a huge part of both his life and his children's lives. 

    But she did not seem to immediately get along with Christina, as the Daily Mail published photos of Tarek appearing to pull Heather away from Christina during an argument at Brayden's soccer game on May 9, 2022. The same article also featured photos of Josh and Tarek arguing and being separated by a coach.

    Christina and Heather shared a joint statement with BI on the matter at the time.

    "A personal matter was discussed and has since been resolved," the statement said. "We are focused on co-parenting as a team moving forward."

    The altercation took place after Heather appeared to confirm that Tarek had called Heather a "hotter, richer version" of Christina during a fight, in addition to calling his ex a "washed-up loser," as People reported in July 2021.

    May 10, 2022: Christina and Heather seemed to make amends after Brayden went to the ER.
    A screenshot of Christina Hall's Instagram story.
    Brayden El Moussa had an emergency appendectomy.

    The same day the Daily Mail published photos of Christina and Heather's argument, Brayden underwent an emergency appendectomy

    Christina shared on her Instagram story that Brayden's surgery went well, adding that the experience was a "wake up call" for her. She tagged Josh, Tarek, and Heather in the post. 

    "Stressful 24 hours but a good reminder how important team work / co-parenting is," she wrote on her story. "We are all under pressure but when it really matters we were all there for Brayden doing our part."

    "Sometimes a scary situation can be a good wake up call," she went on to say. "In the end all the other stuff is just 'noise,' what matters is the kids."

    Heather echoed the sentiment in a selfie with Brayden and Tarek she shared on Instagram, which she tagged Josh and Christina in. 

    "We all pulled together as a family during this stressful time," Heather wrote on the photo. "The kids will always be the main priority to all of us."

    September 4, 2022: Christina revealed that she and Josh had a second wedding in Maui, Hawaii.
    A side-by-side of Christina Hall and Josh Hall in their wedding attire and a selfie of Christina Hall in her wedding dress.
    Christina and Josh Hall had a wedding ceremony in Hawaii.

    In an Instagram post that has since been deleted, Christina revealed she and Josh got married in September 2022 in front of their loved ones, including her children. 

    "Shared vows in front of family and our close friends," she captioned the post. "Everything in life has led me to where I am right now, which is exactly where I want to be."

    "My dream man on the dreamiest island," she added. "Maui holds a special place in my heart. What an amazing night filled with love."

    November 18, 2022: Christina and Anstead resolved their custody issues.
    A photo of Ant Anstead in front of a gold and black backdrop.
    The former spouses were locked in a custody battle for months.

    After a monthslong custody battle, during which both accused the other of "exploiting" Hudson throughout their legal fight, Christina and Anstead were finally able to resolve their issues and retain joint custody in November 2022. 

    Representatives for Christina and Anstead declined to comment on the matter when contacted by Business Insider on the matter. 

    May 15, 2024: HGTV announced that the El Moussas and Halls would star in a new show together.

    On May 15, HGTV shared a promo video for a new show called "The Flip Off," starring the El Moussas and the Halls. 

    According to HGTV's caption, the show will pit the two couples against each other in "a battle to see who can find, buy, renovate, and flip a house for the biggest financial gain."

    "Be on the lookout for the spicy new series that'll have you saying, 'What the flip?!'" the caption went on to say. 

    The show is scheduled for 2025, according to the post.

    July 16, 2024: Josh filed for divorce from Christina.
    Josh and Christina Hall pose in front of a blue backdrop with the Barbie logo on it.
    Josh Hall and Christina Hall in July 2023.

    According to legal documents reviewed by Business Insider, Josh filed for divorce in Orange County, California, on Tuesday. The documents state that he is seeking spousal support from Christina.  

    The documents also state the date of their marriage as October 6, 2021, five months earlier than the April 5, 2022, date originally believed to be the day they got married. 

    Christina did not respond to a request for comment from BI, but a source close to Christina told People that she would also be filing for divorce. She also deleted several photos with Josh from her Instagram as of Wednesday, including photos from their engagement and wedding.

    It's unclear how the separation will impact Christina's HGTV shows, as Josh has appeared on "Christina in the Country" and is set to star in "The Flip Off."

    HGTV did not immediately respond to a request for comment from BI.

    Read the original article on Business Insider
  • Are IAG shares a buy before reporting season?

    A man holds his hand under his chin as he concentrates on his laptop screen and reads about the ANZ share price

    The Insurance Australia Group Ltd (ASX: IAG) share price performance has been very pleasing in 2024 to date. It has risen almost 30%, while the S&P/ASX 200 Index (ASX: XJO) has only risen around 6%.

    We shouldn’t try to predict where the IAG share price will be in two months. But, we can evaluate whether the ASX share is a good longer-term opportunity today.

    Several factors have helped the insurer in recent times, including elevated premium increases (amid higher inflation), stronger investment earnings (thanks to higher bond yields and strong equity markets), and relatively stable natural peril events.

    Soon enough, we will see the company’s FY24 results during the August reporting season.

    Recent developments

    IAG announced last month that it had signed two five-year strategic agreements with global reinsurers to improve its “future financial stability”.

    The ASX insurance share said the long-term natural perils volatility protection with Berkshire Hathaway and Canada Lie Reinsurance provides “greater certainty over natural perils costs for customers.” This provides up to $680 million of additional protection annually and up to $2.8 billion over the five-year period.

    This will “effectively limit” IAG’s natural peril costs to $1.28 billion in FY25, a 17% increase on the FY24 figure.

    It also said it had purchased adverse development cover (ADC), which provides $650 million of protection for IAG’s long-tail reserves of approximately $2.5 billion.

    The company revealed it expects the FY24 reported insurance profit to be at the upper end of its $1.2 billion to $1.45 billion guidance range, compared to $803 million in FY23. The reported insurance margin is expected to be at the upper end of the 13.5% to 15.5% guidance range, taking into account the ADC cost.

    FY24 gross written premium growth is expected to be consistent with its “low double-digit” guidance.

    So, things are going well for the company, and it has made moves to reduce long-term volatility.

    Is the IAG share price an opportunity?

    The broker UBS suggested the reinsurance deals are “likely to improve investor perceptions of earnings quality.”

    UBS thinks the insurance margin will “push up through 16%” during FY25 after double-digit repricing during FY24. The broker then said:

    We continue to believe consensus is under estimating peak-cycle margins, albeit the reinsurance deals announced today likely present a near-term drag. We are modelling a margin overshoot over the next 12-18 months, relative to mid-cycle guidance.

    …A profit commission is payable in the event of favourable perils, effectively skewing IAG’s exposure to the upside whilst protecting downside.

    UBS then noted that the 10-year average for IAG shares’ price/earnings (P/E) ratio is 15.5x, compared to the current IAG share valuation of 16.5x UBS’ estimated earnings for FY25.

    UBS concluded with comments on the valuation:

    This looks somewhat demanding and we see better value in other GI [general insurance] names at present.

    The broker has a $7.10 price target on IAG shares, which implies that shareholders will not see any capital growth in 12 months, considering the current share price is $7.11.

    The post Are IAG shares a buy before reporting season? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Insurance Australia Group Limited right now?

    Before you buy Insurance Australia Group 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 Insurance Australia Group 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 10 July 2024

    More reading

    Motley Fool contributor Tristan Harrison 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 Berkshire Hathaway. The Motley Fool Australia has recommended Berkshire Hathaway. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • 5 things to watch on the ASX 200 on Thursday

    On Wednesday, the S&P/ASX 200 Index (ASX: XJO) was back on form and charging higher. The benchmark index rose 0.7% to 8,057.9 points.

    Will the market be able to build on this on Thursday? Here are five things to watch:

    ASX 200 expected to fall

    The Australian share market looks set to fall on Thursday following a poor night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 41 points or 0.5% lower this morning. In the United States, the Dow Jones was up 0.6%, but the S&P 500 fell 1.4% and the Nasdaq dropped 2.8%.

    Oil prices charge higher

    ASX 200 energy shares such as Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) could have a good session after oil prices charged higher overnight. According to Bloomberg, the WTI crude oil price is up 2.6% to US$82.89 a barrel and the Brent crude oil price is up 1.6% to US$85.09 a barrel. A large drop in US inventories boosted prices.

    Buy BHP shares

    Goldman Sachs thinks BHP Group Ltd (ASX: BHP) shares are good value at current levels. In response to the mining giant’s fourth quarter update, the broker has retained its buy rating and $48.40 price target on its shares. This implies potential upside of over 13% for investors from current levels. It said: “After reflecting the June Q and financial disclosures ahead of the result, there is little change to our EBITDA forecasts; FY26 EPS increases 2% on minor changes to D&A and net interest.”

    Gold price eases

    It could be a subdued session for ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) after the gold price eased lower overnight. According to CNBC, the spot gold price is down 0.15% to US$2,464.3 an ounce. This appears to have been driven by profit taking after the gold price reached a record high a day earlier.

    Fortescue job cuts

    Fortescue Ltd (ASX: FMG) shares will be on watch today after the miner announced major job cuts. While the company “remains resolute in its commitment to be the world’s leading green technology, energy and metals company”, it revealed that “initiatives are being implemented to simplify its structure, remove duplication and deliver cost efficiencies.” In light of this and in order to deliver on its strategy and generate the maximum value for shareholders, approximately 700 people from across Fortescue’s global operations will be offered redundancies.

    The post 5 things to watch on the ASX 200 on Thursday appeared first on The Motley Fool Australia.

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

    Before you buy Bhp 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 Bhp 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 10 July 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 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.

  • I flew economy on American, Delta, and United. The flights were strikingly similar but with small quirks that may help you choose which airline to fly.

    American Airlines tablet holder
    Comparing American Airlines, Delta Air Lines, and United Airlines' domestic narrowbody cabins.

    • I recently flew in domestic economy on American Airlines, Delta Air Lines, and United Airlines.
    • Each has pros and cons, but are all competitive. I'll continue to book based on price and convenience.
    • Differences in comfort and service among the airlines may influence other travelers' choices.

    The US has three "Big 3" mainline carriers: American Airlines, Delta Air Lines, and United Airlines.

    Frequent flyers commonly have a favorite, whether for the fares, on-time rate, route options, or the airline's loyalty program.

    I have historically favored Delta because it's what my family always flew growing up. But these days, I usually book based on price and convenience rather than loyalty. (If you're looking for the best airline for free upgrades or point redemptions, this isn't the article for you).

    As someone whose job often involves flying on airlines and comparing them, I recently pit the Big 3 against each other by flying each on the same ticket type, on similar routes, and all within a reasonable timeframe.

    What I found won't change how I approach booking flights because the experiences on each airline were similar enough overall, but I can imagine the small comfort and service differences could sway other travelers.

    My three domestic tickets were for basic economy on flights of about four hours, giving me the most apples-to-apples comparison.
    Delta A220 cabin with seatback screens.
    I prefer basic economy on mainlines because they come with the cabin perks at a cheaper price.

    In mid-May, I flew on a Delta A220 from New York's LaGuardia Airport to Dallas/Fort Worth International Airport and returned on an American Boeing 737-800.

    My United Boeing 737 Max 8 flight was from LaGuardia to Denver International Airport in early July.

    I book basic economy because I like to save money where I can, and the unbundled fares are perfect for my style of travel.
    Inside an AA 737-800.
    American's Boeing 737 cabin from Dallas/Fort Worth to LaGuardia.

    I'm a low-maintenance budget traveler who usually only has a carry-on. I mostly don't like checking luggage because I'm impatient and don't want to wait for it at bag claim.

    There's also the risk that my bag won't reach my final destination, but I mostly trust the airlines — and I have an AirTag for backup.

    However, if you're worried, Department of Transportation data says American and United had the worst mishandled luggage rates in 2023, with 0.76 and 0.73 bags mishandled per 100 bags enplaned, respectively. Delta was the best-performing of the three, with a rate of 0.47.

    In all cases, the ticket can be upgraded to regular coach for things like an assigned seat and no change fees. I'd recommend paying up if you want a little more control over your reservation.

    Out of the three discount options, American and Delta often offer more bang for your buck than United's more restrictive basic fares.
    The author is holding a boarding pass with the flight information and "no carry-on" written in big letters across the top.
    United's boarding pass made it crystal clear that I was not allowed a carry-on bag with my basic economy ticket.

    The point of basic economy is to lure in price-sensitive travelers (like me) with a fare that only requires you to pay for what you need. It's basically the low-cost model but with the perks of mainline cabins, like inflight entertainment, free snacks, and reclining seats.

    Unlike American and Delta, United made its offer as barebones as possible by not allowing carry-on bags at all.

    Except for most international routes, anything more than a personal item on United has to be checked. Delta and American allow a carry-on and a personal item for free.

    Meanwhile, the seat rule is the same across the board — you pay extra to reserve one. Otherwise, you'll get a random seat at check-in — and I ended up with a middle seat on every flight.

    United's policy required me to spend an extra $40 to check my carry-on, which isn't ideal and could be a dealbreaker if a competitor is cheaper.
    The American, Delta, and United flights showing $56 one-way from NYC to Chicago O'Hare on Oct 16 on Google Flights.
    Google Flights shows the same price for all three mainlines from LaGuardia to Chicago on October 16, but you won't get a carry-on bag on United.

    For example, a one-way basic economy flight from LaGuardia to Chicago in mid-October is $56 on American, Delta, and United, according to Google Flights. Other dates show similarly close fares.

    After the added fee and hassle of checking a bag on United, I'd book one of the other two by probably flipping a coin since I simply don't care about status.

    While the no carry-on bothered me, it's not a problem for everyone. United earns points for its more tech-savvy cabin.
    The seatback screen saying the Bluetooth connected to the author's Beats headphones.
    I travel with overhead Beats headphones and AirPods, but I prefer the Beats and can connect them to United's economy cabin.

    The United plane I flew on was retrofitted with the airline's enhanced "United Next" cabin that it unveiled in 2021.

    It offers the regular bells and whistles you'll find on most American and Delta narrowbodies, but you can also connect Bluetooth headphones to the seatback screens.

    It was a much better option than using regular earbuds, especially if you're stuck with the scratchy airline-provided ones.

    You'll get a similar cabin layout on Delta, but without Bluetooth, unless you're in first class on an A321neo.
    The Delta inflight television screen with the A220-100 aircraft on it.
    The Delta A220 economy inflight television screen. This one does not have Bluetooth.

    Delta's Bluetooth is not available in coach. United is the only US airline to offer it cabin-wide, fitting Bluetooth on some 100 planes.

    The airline expects to roll it out on 800 aircraft by 2032.

    American has installed seatback tablet holders instead of screens. It makes me an oddball, but I actually prefer it that way.
    The Kindle Fire on the tablet holder.
    The Kindle Fire 10 with a case on fit fine.

    I am addicted to competitive reality television shows like Big Brother and Survivor, and they're my go-to on flights. The tablet holder was perfect for my taste, but I doubt I'm the popular opinion.

    If you rely on seatback content, Delta and United may be your better bets.

    However, according to American's website, some of its single-aisle planes, including some A319s and the transcontinental A321T, have screens.

    In my experience, besides the screen difference, the Big 3 largely offer the same level of comfort and service in their narrowbody cabins.
    Collage of American, Delta, and United cabins with headrests and seatback screens.
    The cabins on Delta (top), United (bottom left), and American (bottom right). The seat width varied but I didn't notice.

    Most of the airlines' updated Airbus and Boeing narrowbodies have headrests, tray tables, seatback pockets, power ports, free snacks and drinks, and decent legroom and seat padding.

    According to their websites, all three offer the standard 30-31 inches of pitch in regular coach, which is always plenty of space for my 5'3" self. Taller travelers may consider upgrading to an extra legroom seat, though.

    I also had no customer service issues, with all of the airlines' airport agents and flight attendants being equally helpful and friendly. Granted, that's not always been the case in my years of flying, but bad apples exist at every airline, so I don't put much thought into that.

    Delta has the best internet, but all of the Big 3 participate in a T-Mobile plan that gives free WiFi to eligible customers.
    A screenshot of AA.com website with T-Mobile offer.
    The T-Mobile inflight connection option on American's WiFi portal.

    As a remote worker, I fly mainline airlines partly for the WiFi because I can access it fully free with my T-Mobile phone number. In my experience, the connection is mostly consistent across the board, and I could stream with no problem.

    If you don't have T-Mobile, Delta is the best for internet as it continues to add unlimited free WiFi for loyalty members on its planes (you just need to make a free account).

    American offers very limited free internet, while United offers complimentary messaging.
    A screenshot of AA.com website with T-Mobile offer.
    The limited WiFi option on American.

    United's domestic WiFi costs $8 for MileagePlus members and $10 otherwise. Messaging is free and works on apps like iMessage and WhatsApp.

    Meanwhile, American does offer ad-powered free internet, but my flight was limited to just 20 minutes.

    American's strategy is likely to show people what the WiFi is like and entice them to buy a flight pass, but the up-to-$20 price for internet on my flight may be a little steep for some travelers.

    Of course, there are some outliers, as all three still fly older jets that haven't been retrofitted with updated cabins.
    Flying American Airlines.
    For example, there was no tablet holder on the American A319 I flew back in 2022.

    I specifically flew the updated cabins on American, Delta, and United's single-aisle Airbus and Boeing aircraft. However, all three still have some dated narrowbodies that don't offer all of the latest perks.

    According to their respective websites, Delta's Boeing 717s lack seatback screens, as do many of United's 737-900s and 757-300s and select cabins on its Airbus planes (minus the A321neo). And you won't find power on all of American's Airbus narrowbodies.

    While this will likely change as airlines continue to retrofit their fleets, I suggest you always check the airline's website outlining its fleet to see what you can expect before booking. The plane type will be displayed at booking and on your reservation.

    Still, you'll more likely than not be on a retrofit plane with enough comforts to survive a four or so-hour flight.
    The United Next cabin with a flight attendant in the aisle serving drinks.
    The "United Next" cabin on a Boeing 737 Max 8.

    I got a headrest and a comfortable enough seat on all three airlines' planes despite getting stuck in the middle seat on each.

    Plus, every flight was perfectly on time. In fact, all three scored an on-time rate of at least 80% in 2023 — Delta at about 84% and the other two both just over 80%. United got roughly the same rate as in 2022, with Delta and American both improving year over year.

    According to global travel data provider OAG, that's considered good punctuality in the airline industry. But remember, delays and cancellations can happen to any airline at any time, so sometimes it is just luck.

    And if you're on Delta's A220 plane, you may want to visit the lavatory.
    Delta A220 lavatory window.
    Delta A220 lavatory window.

    The aft lavatory on Delta's A220 fleet has a full-sized window. I'd consider it the best window seat onboard, and we aviation enthusiasts have dubbed it a "loo with a view."

    You won't find the unique window on other US A220 carriers like low-cost airlines Breeze or JetBlue — though the latter has better legroom than any of the Big 3.

    Overall, my recent flights gave me more confidence in American and United after previous mediocre experiences.
    Gate C7 at DFW airport with an agent a the counter.
    Gate C7 at DFW airport for my return flight to LaGuardia in May.

    Delta consistently has the best on-time performance of the Big 3 year over year. It's, personally, rarely done me wrong. However, the other two have been hit-or-miss over the years, but customer-focused improvements are evidently working.

    American has proven it isn't the inconsistent airline I used to avoid, while United's new domestic product is easily competitive but still lacks some freebies like the WiFi and carry-on offered by its rivals.

    My main hesitation would be the route. I'll almost always pay more or go out of my way for a nonstop.
    A United and Delta plane at an airport.
    It's case-by-case, but I'll typically fly out of New York-JFK or LaGuardia. Between the two, I can get almost anywhere in the US nonstop.

    I live closest to New York-JFK and LaGuardia, so booking American and Delta for convenience, even if it costs more, makes sense since United has much fewer flight options at both NYC airports.

    I'd also prefer not to travel all the way to United's Newark, New Jersey, hub for a flight. Again, it's case-by-case, but United's fare would need to be stupidly cheap.

    And remember, we're talking domestic flights here. International is an entire other ballgame.

    For those still stuck between one or more of the three for a particular economy flight, here's my best advice on how to choose.
    A view of the cabin from the author's middle seat.
    The view of the United cabin from the author's middle seat.

    Firstly, if you care most about punctuality, the data says book Delta. Plus, the airline is consistently awarded for its premium-focused service and comfort, so it's just a safe bet — but you may see higher fares because of it.

    United's upgraded cabin is just as nice as Delta's, and I'd argue it's actually better with the Bluetooth option. But you'll want to pay up for at least regular economy to get a carry-on for domestic flights.

    While I've had my issues with American in the past, the airline has fully grown on me. It is often among the cheaper options, but most of its narrowbodies don't have a seatback screen.

    You'll still get entertainment on American but on a handheld device. If you're like me, who watches content on a personal device, I'd say that's a win-win.

    Read the original article on Business Insider
  • More student-loan borrowers are getting debt cancellation through bankruptcy 2 years after Biden streamlined the process

    Joe Biden
    More student-loan borrowers are getting debt cancellation through bankruptcy.

    • The Education and Justice Department released new data on the bankruptcy process for student-loan borrowers.
    • It found that 588 new cases were filed from October 2023 to March, a 36% increase from the prior 6-month period.
    • The new guidance, announced in 2022, streamlined the process to help borrowers qualify for relief.

    The Biden administration's new process to help student-loan borrowers get rid of their debt in court is working.

    On Wednesday, the Justice Department released an update on bankruptcy for borrowers following new guidance it released in 2022. According to the department, 588 new cases were filed from October 2023 to March 2024, marking a 36% increase from the prior 6-month period. Most of those borrowers have also seen success in court — per the department, 98% of them received full or partial debt relief from November 2022 through March 2024.

    Prior to the guidance, borrowers had to prove an "undue hardship" standard, in which they had to show that they could not maintain a minimal standard of living, that their circumstances weren't likely to improve, and that they had made a good-faith effort to repay their debt.

    However, that standard was very challenging for borrowers to meet, so the Education and Justice Departments streamlined the process by establishing clearer guidelines for borrowers to prove undue hardship. Those included examining whether borrowers have made a good faith effort to repay their debt and determining their future ability to make payments.

    The guidance also allowed borrowers to complete a self-attestation form, which allowed departments to process their discharge requests faster and avoid investigations.

    "Our clear, fair, and practical standards are helping struggling borrowers find relief that was previously out of reach," Under Secretary of Education James Kvaal said in a statement.

    "This data should puncture the myth that struggling borrowers cannot discharge their student loan debt through bankruptcy," he continued. "We will continue to work with our partners at the Department of Justice to make it simpler and easier for borrowers to get much-needed relief in the way it was intended."

    Along with an increase in borrowers filing for discharges, the departments also found that 96% of borrowers voluntarily completed self-attestation forms, and some bankruptcy courts have taken on procedures to use the new process.

    The Justice Department did not immediately respond to Business Insider's request for the total number of borrowers who have received discharges through this process.

    While this process shows improvement, it has been slow-moving. The advocacy group Student Defense found that fewer than 45 borrowers had received full or partial discharges just under a year after the new guidance.

    Some Democratic lawmakers have also scrutinized the process. Last summer, Sen. Elizabeth Warren requested information on how the guidance was being implemented, writing that the bankruptcy standard "has been narrowly interpreted by courts, and has proven to be so difficult to meet that most borrowers do not even attempt to discharge their student loans through the bankruptcy process."

    Still, Biden's administration is using the new data to show the process is working and expects more borrowers to participate.

    "The results are clear: this guidance has helped make the promise of a fresh start in bankruptcy a meaningful option for individuals weighed down by student loan debt," Acting Associate Attorney General Benjamin Mizer said in a statement.

    Have you gotten your student loans discharged through bankruptcy? Are you struggling with the process? Share your story with this reporter at asheffey@businessinsider.com.

    Read the original article on Business Insider
  • Ukraine’s heavily armored Abrams tanks have jammers to keep drones away, but they need more protection, commander says

    A Ukrainian soldier on a US-provided M1A1 Abrams tank at an undisclosed location.
    A Ukrainian soldier with a US-provided M1A1 Abrams tank at an undisclosed location.

    • Ukraine has been operating a small number of US-made M1A1 Abrams tanks.
    • These tanks are heavily armored, but they are still vulnerable to Russian threats, including drones.
    • An Abrams commander said that the tanks would benefit from more dynamic protection on the exterior. 

    US-made Abrams tanks in operation with the Ukrainian military are facing an unfamiliar battlefield compared to their previous wars, as Russia uses small drones rigged with explosives to threaten armored vehicles below.

    The highly advanced M1A1 Abrams tanks have been equipped with electronic warfare capabilities to help keep these drones away. However, a Ukrainian tank commander says these heavily armored machines still need more exterior protection to help them defend against incoming munitions that come through.

    In service of this mission, some of Ukraine's Abrams have been spotted with added cage armor and explosive reactive armor tiling to help better shield the tanks.

    "It can save a life," the commander, who goes by the call sign Zakon, said through a translator during a recent interview with Business Insider from an undisclosed location near the front lines in eastern Ukraine.

    Last fall, the US sent Ukraine 31 older Abrams variants, which are in service with the country's battle-hardened 47th Mechanized Brigade. Kyiv has since lost several of these main battle tanks — some estimates suggest as many as 10 — but the remainder are very much in operation and were actually just in combat.

    Facing new and old threats

    Zakon commands a single Abrams tank and oversees a crew that consists of a driver, a loader, and a gunner. He praised his $10 million Abrams as a major upgrade over the Soviet-era tanks, like the T-72 or T-64, that Ukraine had at the start of the war. However, he noted they are still vulnerable to many Russian threats, especially the small exploding drones.

    M1A1 Abrams tanks needed for training Ukrainian soldiers await offloading at Grafenwoehr, Germany on May 14, 2023.
    M1A1 Abrams tanks needed for training Ukrainian soldiers await offloading at Grafenwoehr, Germany on May 14, 2023.

    First-person view (FPV) drones, often small quadcopter-style remotely piloted systems, have dominated the battlefield in Ukraine. Both sides have used these systems, which are cheap and abundant, to deliver precision strikes on troops, equipment, positions, and armored vehicles.

    Zakon said that Russian FPV drones are a huge threat to the Abrams. They have targeted his tank on several occasions, including in swarms, where multiple drones attack at the same time.

    One such attack occurred last month. The crew, he said, relied on the tank's newly made anti-drone protective screen and its electronic warfare capabilities — which jams the signal connecting the operator to the drone — to narrowly avoid catastrophe.

    In another incident, the tank driver managed to stop the Abrams just in time before an exploding FPV drone struck directly in front of it. Zakon said the tank's electronic warfare capabilities and the explosive reactive armor it was equipped with at the time helped curb the attack, preventing it from worsening.

    The threat doesn't end with drones, though. Zakon said that the Abrams are "easy targets" for weapons that are rather prolific on the battlefield, like anti-tank missiles and rocket launchers.

    A Ukrainian soldier on a US-provided M1A1 Abrams tank at an undisclosed location.
    A Ukrainian soldier on a US-provided M1A1 Abrams tank at an undisclosed location.

    Zakon said the Abrams are durable and "can withstand a hit." But he stressed that Ukraine still needs more protection, specifically dynamic systems like the Abrams Reactive Armor Tile, ARAT-1, or the Soviet Kontakt-1 options. This technology helps defend the tank from explosives.

    The crew "will be motivated to perform better when they know that there is this kind of protection," Zakon said. "It's really, really important."

    A need for more tanks

    Beyond the threats, availability has been another challenge. Despite the tremendous hype surrounding the delivery of the Abrams, the small number of tanks that Ukraine actually received has made them more precious and less expendable than the other US-made armor Kyiv got, like the Bradley fighting vehicle.

    Ukrainian President Volodymyr Zelenskyy said last week that he didn't think such a limited number of tanks could make a difference on the battlefield. Speaking on the sidelines of the NATO summit in Washington, DC, he warned Kyiv could face this same problem with F-16 fighter jets finally on their way. There may simply not be enough.

    The Abrams was designed with the Soviet armor threat in mind in a time before exploding drones were ever even an idea and were specifically built to kill other tanks and execute massive armored assaults, which is how the US military traditionally used the machines in conflicts like those in the Middle East. In the Gulf War, for instance, it earned a fearsome reputation.

    An M1A1 Abrams tank firing on sand during a training exercise in the United Arab Emirates.
    An M1A1 Abrams tank during a training exercise.

    But the Abrams aren't used in Ukraine for armored breakthroughs. Rather, Kyiv relies on them more to support and strengthen its positions, including the movement of infantry troops, vehicles, and equipment. The Bradley has proven particularly useful for this mission.

    Zakon said that one of the best things about the Abrams tank is its speed — according to the available information, it can travel up to 45 miles an hour — and how easy it is for the roughly 60-ton combat vehicle to move into and out of battle.

    In combat, the tanks have been "worked to their maximum" and inflicted damage on Russian forces. However, he said Ukraine still needs more vehicles and personnel to operate them to help with assaults on Russian positions.

    He also emphasized that more protection would help keep his fellow soldiers safe.

    "These are really well-trained people," Zakon said of Ukraine's tank crews. "That's why we need to do everything possible to ensure that we have this kind of dynamic protection so that we can save lives."

    Read the original article on Business Insider