Amazon has been in talks to become the "first tenant" at Fermi America's Texas data centers, Fermi CEO Toby Neugebauer told BI.
Fermi's stock slumped after it said the prospective anchor tenant canceled a $150 million advance.
Talks between the two companies remain constructive, Neugebauer said.
Amazon is the prospective tenant that withdrew funding from Fermi America's massive data-center project, sending the developer's stock plummeting earlier this month, Business Insider has learned.
In September, Fermi, which is developing an 11-gigawatt data-center campus in the Texas Panhandle, said it had agreed to a nonbinding letter of intent with an investment-grade tenant to anchor the project. The tenant would take the first gigawatt of power across 12 facilities.
On Friday, December 12, Fermi's stock plunged by nearly half after a securities filing said an unnamedprospective partner had canceled a $150 million advance to begin construction, known as an Advance in Aid of Construction Agreement, or AICA. The cancellation followed the end of an exclusivity period.
Amazon is that tenant, Toby Neugebauer, Fermi's billionaire CEO, confirmed in a December 15 phone call with Business Insider, discussing the talks that led to the cancellation. The tech giant has been negotiating the deal, which would pay more than $20 billion over the next 20 years, Neugebauer said.
"The lead negotiator for Amazon called me on Thursday," Neugebauer said.
Neugebauer said the talks between Fermi and the tenant remain constructive, and that the ending of the AICA didn't indicate any breakdown in conversation.
"It's just a normal negotiation," he said. "Their issue was spending money after the exclusive period had ended."
Neugebauer said he wasn't worried about the talks taking too long. "It's a big deal," he said. "Big deals take longer."
Lisa Levandowski, a spokesperson for Amazon, declined to comment.
Fermi America's Panhandle project ranks among the most ambitious attempts yet to meet the surging energy demands of the data centers fueling the AI boom. The company intends to bring 11 gigawatts of new power online over the next decade-plus with a mix of power from the grid, natural gas, and nuclear sources.
The company went public in September, pricing its shares at $21 to raise more than $680 million.
Dubbed Project Matador, the development relies on a 99-year ground lease with the Texas Tech University System. That agreement is dependent on a signed letter of intent between Fermi America and a tenant.
The December 12 filing said that none of the $150 million construction advance had been used and that the negotiations were ongoing. The letter of intent remains in force.
Analysts at Cantor Fitzgerald said in a note published December 12 that they had spoken to Fermi America's management and learned that, per the company, the anchor tenant "tried to make last-minute changes to the agreement pricing that were unacceptable to" Fermi.
Amazon is the second company to be linked to the project. In October, Neugebauer told the Amarillo City Council that Palantir, the software company known for its police and government contracts, had taken an interest in the site.
"I just finished with Palantir, which is our nation's tip of the spear in the AI war," Neugebauer said during the October 28 meeting. "They'll be here Thursday."
The Cantor Fitzgerald analysts said in their note that management indicated that they were "active" with two additional tenants, and in dialogue with another four.
Fermi America was founded less than a year ago by Neugebauer,former Energy Secretary Rick Perry, and Perry's son Griffin. The IPO valued the company at nearly $14 billion.
A recent slump in the company's shares has brought its valuation to below $6 billion.
For more than a decade, investors grew accustomed to falling interest rates, low inflation, and cheap capital. That backdrop shaped portfolio construction, valuation frameworks, and expectations about which businesses could thrive.
That era now appears firmly behind us.
The Reserve Bank of Australia’s latest decision to hold rates came with clear guidance that inflation remains sticky and further tightening cannot be ruled out. Since then, both two-year and ten-year Australian government bond yields have drifted higher, reinforcing the idea that we are living in a structurally higher-rate, higher-debt world.
In this environment, investors seeking steady compounding are often drawn to businesses with two powerful characteristics: pricing power and balance sheet resilience.Â
One industry that quietly ticks both boxes is insurance.
Pricing power in an inflationary world
At its core, pricing power refers to a company’s ability to pass higher costs onto customers without suffering a material loss of demand. While many industries struggle to do this consistently, insurance stands apart.
Insurance is rarely loved, but it is widely required.
Whether it’s home and contents, motor, health, life, or business protection, many policies are essential rather than discretionary. As a result, insurers have historically been able to lift premiums in line with â and often ahead of â inflation, with limited impact on overall policy volumes.
This dynamic has been on full display over the past few years. Premium rates across multiple insurance lines have increased meaningfully as claims inflation, natural catastrophe costs, and reinsurance expenses have risen. Yet demand has largely held firm, supporting revenue growth and margin recovery for the better-run insurers.
Higher rates can be a tailwind, not a headwind
Insurance businesses have another structural advantage that is often overlooked. Unlike many capital-intensive companies, insurers typically benefit from rising interest rates.
Premiums are collected upfront, while claims are paid later. In the interim, insurers invest this “float” in conservative portfolios dominated by cash and fixed income. When interest rates rise, the yield on those investments increases, flowing directly through to higher investment income.
Not all insurers are created equal
That caveat is crucial. Insurance is not a one-way bet, and history is littered with examples of poor underwriting, mispriced risk, and capital mismanagement destroying shareholder value.
This is why investors need to differentiate between industry leaders and laggards.
On the ASX, companies such as Insurance Australia Group (ASX: IAG) and QBE Insurance Group (ASX: QBE) are frequently cited as bellwethers for the sector. Broker commentary has pointed to improving margins, rising premium rates, and the potential for earnings upgrades if catastrophe experience normalises over time.
Lessons from Warren Buffett
No discussion of insurance investing would be complete without mentioning Warren Buffett. Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) owned insurance businesses have been a central pillar of its success for decades, providing a steady stream of low-cost capital that Buffett has redeployed into high-quality investments.
That structure is unlikely to be directly replicable by everyday investors. However, the principle is highly relevant.
Buffett has long emphasised the importance of owning quality businesses with durable competitive advantages, strong balance sheets, and management teams that understand risk. Well-run insurers can meet those criteria when they combine disciplined underwriting with the intelligent use of float.
Foolish Takeaway
In a world where inflation remains elevated and interest rates stay higher for longer, insurance may not be exciting, but it can be effective.
For patient investors focused on steady compounding rather than short-term market narratives, high-quality insurers offer a combination of pricing power, defensive demand, and potential upside from higher rates.
As always, selectivity matters. But for those willing to look beyond the obvious growth stories, insurance could remain one of the market’s quiet beneficiaries in the years ahead.
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…
Motley Fool contributor Leigh Gant owns shares in Berkshire Hathaway. 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.
The Woodside Energy Group Ltd (ASX: WDS) share price is in focus today following the announcement that CEO and Managing Director Meg O’Neill has resigned to take up the top job at bp p.l.c. In response, Woodside has named Liz Westcott as Acting CEO, effective immediately, to steer the company through its next phase.
What did Woodside Energy report?
Meg O’Neill has resigned as CEO and Managing Director, effective immediately, to become CEO at bp p.l.c.
Liz Westcott appointed as Acting CEO, having served as Chief Operating Officer Australia.
Board highlighted $11 billion in dividends paid to shareholders since 2022.
Major recent milestones include the BHP Petroleum merger, execution of key energy projects, and portfolio growth.
O’Neill will remain on gardening leave until 30 March 2026 but is not eligible for 2025 incentives; unvested performance rights lapse.
Ms Westcott will receive an annual salary of A$1.8 million, including a higher duties allowance.
What else do investors need to know?
The leadership transition comes after a period of transformative growth for Woodside, with O’Neill overseeing significant expansions such as the Scarborough Energy Project and the Sangomar Project. The company says it remains on a strong strategic footing, with continued focus on delivering shareholder value.
Ms Westcott, Woodside’s new Acting CEO, brings international experience from senior roles at ExxonMobil and EnergyAustralia. The Board highlighted her operational leadership and familiarity with Woodside’s business as key reasons behind her appointment.
Meanwhile, the CEO succession process is ongoing, with both external and internal candidates under assessment. The Board aims to announce a permanent appointment in early 2026.
What’s next for Woodside Energy?
Looking ahead, Woodside’s priorities for 2026 will be safe and efficient operations, the execution of major energy projects, and maintaining the strategic course outlined at the recent Capital Markets Day. The company’s Board is focused on ensuring a smooth CEO succession and uninterrupted execution of its growth plans.
Investors will be keeping a close eye on project milestones and the appointment of a permanent CEO next year. The company’s operational and financial priorities remain unchanged during the transition.
Woodside Energy share price snapshot
Over the past 12 months, Woodside shares have risen 1%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 3% over the same period.
Should you invest $1,000 in Woodside Petroleum Ltd right now?
Before you buy Woodside Petroleum 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 Woodside Petroleum 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…
Motley Fool contributor Laura Stewart 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. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.
Overall, the S&P/ASX 200 Index (ASX: XJO) has had a mediocre year.
Historically, Australia’s benchmark index has risen roughly 9% per year.
However, this year, it has risen by approximately 4.7%.Â
While it’s certainly not a bad year by historical standards (2018 and 2020 were significantly worse), investors with large exposure to ASX 200 companies will undoubtedly have seen some individual shares in their portfolio fall.
On the flip side, this can create buy-low opportunities. Historically, strong companies and blue-chip stocks may now be a value.Â
As the year draws to a close, I have tried to sift through these companies that have had down years.
Here are two more of Australia’s largest companies by market capitalisation that may be value investments heading into the new year.
Pinnacle Investment Management Group Limited (ASX: PNI)
This ASX 200 stock is an Australian-based multi-affiliate investment management company.
It provides seed funding, distribution services, and infrastructure support to a network of 15 asset managers, or ‘affiliates’, globally.
In 2025, its share price has fallen more than 26% and 33% since August 7.
However, there are positive signs.Â
Despite the share price falling, the business is growing with a number of new boutiques as well as funds under management (FUM) increasing.Â
At 30 June 2025, private markets FUM was $28.7 billion, up from $1.5 billion, or 6% at 30 June 2016.Â
Additionally, the company offers an attractive dividend yield.
Last month, The Motley Fool’s Tristan Harrison also covered the opportunity that dividend shares provide when the share price falls.
He explained that when a dividend-paying business falls, we can buy it at a lower price, but the dividend yield on offer also increases.
With the business growing steadily and a grossed-up dividend yield of over 4%, I believe there is reason to think the company is a value at its current price.Â
Analyst ratings from TradingView suggest that there is upside potential at the current price.Â
The one-year price target of $25.32 indicates more than 50% upside for this ASX 200 stock.Â
Should you invest $1,000 in Pinnacle Investment Management Group Limited right now?
Before you buy Pinnacle Investment Management 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 Pinnacle Investment Management 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…
Motley Fool contributor Aaron Bell 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 Pinnacle Investment Management Group. The Motley Fool Australia has positions in and has recommended Pinnacle Investment Management Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
Shares in 4DMedical Ltd (ASX: 4DX) have been nothing short of extraordinary in 2025. What started the year as a relatively unknown small-cap healthcare name has turned into one of the ASX’s standout momentum stories.
At Wednesday’s close, shares in the respiratory imaging technology company finished at $2.83, down 5% amid broader market volatility.
Even after that pullback, the stock is still up close to 500% in 2025.
It’s easy to assume most of the upside is already gone. But a closer look suggests there may still be more left in this growth stock.
What does 4DMedical actually do?
4DMedical operates in medical imaging, using software to turn standard CT scans into highly detailed, four-dimensional images of lung function. Its core XV Technology gives clinicians a clearer picture of how a patient’s lungs are actually working, revealing issues traditional imaging can miss, especially in chronic and complex respiratory conditions.
That matters because many lung diseases are hard to diagnose and monitor using existing tools. Hospitals and clinicians are always looking for better ways to assess, track, and treat conditions like COPD, asthma, and post-COVID complications. 4DMedical’s software is designed specifically to help solve that problem.
Why has the share price exploded?
The recent rally has not been driven by hype alone. Over the past few months, 4DMedical has delivered a steady stream of positive news.
Key regulatory approvals in major overseas markets, including Canada, have significantly expanded its addressable customer base. At the same time, the company has announced new commercial agreements and partnerships that validate its technology in real-world clinical settings.
Importantly, these updates have shifted investor perception. 4DMedical is no longer seen purely as an early-stage biotech with promise, but as a business starting to turn its technology into revenue.
Revenue is becoming more visible
Until recently, 4DMedical shares were largely priced on future potential. However, that’s starting to change as revenue becomes more visible.
Software sales are growing, more hospitals are using the product, and interest from overseas customers is increasing. The company isn’t profitable yet, but as a software business, more users should improve the numbers over time.
This has prompted the market to reassess the stock.
What could go wrong and what could go right?
None of this comes without risk. The share price has already moved sharply, volatility is likely to remain high, and expectations are rising. Slower execution or weaker adoption would likely impact the stock.
Even so, the longer-term opportunity is still there. If 4DMedical continues to expand into new markets and sees its technology adopted more widely in clinical settings, today’s valuation could still have room to grow.
The bottom line
4DMedical has been one of the ASX’s stronger performers in 2025.
For investors who understand the risks and are comfortable with volatility, this parabolic ASX stock still looks like one worth keeping firmly on the watchlist, even after its huge run.
Should you invest $1,000 in 4DMedical Limited right now?
Before you buy 4DMedical 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 4DMedical 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…
Motley Fool contributor Aaron Teboneras 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.
The Perpetual Ltd (ASX: PPT) share price is under the spotlight today after the company announced an update on its Wealth Management business sale, with exclusivity discussions with Bain Capital extended into early 2026.
What did Perpetual report?
Continued exclusive sale discussions regarding the Wealth Management division with Bain Capital
Exclusivity period extended into the first quarter of 2026
No confirmation yet of a binding agreement or transaction value
Company promises ongoing disclosure to shareholders
What else do investors need to know?
Perpetual first announced exclusive negotiations with Bain Capital Private Equity on 5 November 2025. Since then, talks have made progress, but the parties have agreed more time is needed to finalise any potential deal.
It’s worth noting there is no certainty that these discussions will result in a sale, binding agreement, or completed transaction. Perpetual says it will keep shareholders and the market updated according to its continuous disclosure obligations.
What’s next for Perpetual?
Perpetual’s immediate focus is to continue progressing the negotiations with Bain Capital regarding the possible Wealth Management division sale. Management will provide further updates should a material deal be reached.
Looking ahead, Perpetual remains committed to its global asset management and corporate trust businesses, while reviewing options for unlocking value for shareholders through strategic initiatives.
Perpetual share price snapshot
Over the past 12 months, Perpetual shares have declined 7%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 3% over the same period.
Should you invest $1,000 in Perpetual Limited right now?
Before you buy Perpetual 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 Perpetual 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…
Motley Fool contributor Laura Stewart 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. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.
The first ASX gold stock that Bell Potter is bullish on is Evolution Mining. It highlights the miner’s strong management team and track record of delivery as reasons to be positive. The broker said:
We continue to prefer Evolution Mining as our first pick gold producer on the basis of its unhedged exposure to the gold price, strengthening balance sheet, increasing free cash flows (has passed its CAPEX peak) and, in our view, is an unlikely potential acquiror.
We expect the market to pay more attention to its 80ktpa copper production exposure in a tightening copper market, as well as it supporting an increasing dividend stream. A strong management team and track record of delivery to guidance make EVN one of the go-to gold exposures on the ASX â a position we believe is justified.
Bell Potter has a buy rating and $12.35 price target on Evolution Mining’s shares. This is now below its current share price, so investors may want to wait for a better entry point.
Another ASX gold stock that has been given the thumbs up by Bell Potter is Minerals 260.
The broker sees a lot of positives in the gold developer’s Bullabulling Gold Project (BGP) in Western Australia. Especially given its experienced leadership team and significant resource.
Minerals 260 is a Perth-based exploration and development company which is advancing its 100%-owned Bullabulling Gold Project (BGP), 65km from Kalgoorlie in WA. With a Resource of 4.5Moz at 1.0g/t Au it is one of the largest undeveloped gold deposits in Australia, sits on granted Mining Leases and is positioned at the heart of Australia’s gold mining industry.
The company is led by a proven team of project developers and operators. The 4.5Moz Resource reinforces the potential for a low cost, open-pit gold mining operation, producing ~200kozpa over a +10-year mine life. There is M&A appeal in a market characterised by well valued gold producers with strong balance sheets and appetites for growth.
Bell Potter has a speculative buy rating and 75 cents price target on its shares.
Finally, Ballard Mining is a third ASX gold stock that Bell Potter is tipping as a best buy.
It likes the company due to its Baldock project, which it believes has significant potential and could make it a takeover target. It said:
We summarise Ballard Mining’s strategy for driving value as one focused on developing the current Baldock project (930koz at 4.1g/t Au) into a standalone operation, whilst simultaneously growing the Resource and Reserve base via targeted exploration. Baldock is covered by a granted mining lease, allowing for expedited development in a rising gold market.
Near-term catalysts include infill drilling and a maiden Ore Reserve estimate to support the first 5-6 years of operations, and a feasibility study (BPe Mid CY26). We believe over time this will lead to a re-rate in value and/ or make BM1 an attractive corporate target.
Bell Potter has a speculative buy rating and $1.05 price target on its shares.
Should you invest $1,000 in Ballard Mining right now?
Before you buy Ballard Mining 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 Ballard Mining 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…
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 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.
Financier Howard Rubin (center) was arraigned on sex trafficking charges on Friday.
JONATHON ZIEGLER/Patrick McMullan via Getty Images
Ex-Salomon Brothers bond trader Howard Rubin was denied bail a 3rd time in his sex trafficking case.
Prosecutors say he paid former Playboy models to engage in "fetish play," then tortured them.
Rubin says the encounters were consensual and ended in 2019; he's just a granddad now, he argued.
Howard "Howie" Rubin, a once-prominent Salomon Brothers investment banker featured in the 1985 Wall Street expose "Liar's Poker," must remain in a federal jail in Brooklyn indefinitely as he fights sex-trafficking charges, a judge ruled on Wednesday.
It was the third bail denial for Rubin, accused of paying women, many of them former Playboy models, $5,000 to engage in "fetish play," then constraining and torturing them, including by electrocuting them against their will.
Magistrate Judge Peggy Kuo said her main concern is the risk that the wealthy financier, who has a $70 million account based in the Cayman Islands, would flee the country.
"The thing that is troubling me is I don't know if I can trust Mr. Rubin," Kuo said in denying bail. She said she has no way of knowing for certain if Rubin is mulling, "What does my life look like if I flee, and what does it look like if I stay?"
Rubin's 10-count indictment alleges a series of attacks against 10 Jane Does between 2009 and 2019 in luxury hotels and a soundproofed bedroom "sex dungeon" at his Manhattan penthouse apartment.
Rubin, 70, of Fairfield, Connecticut, pleaded not guilty and has been held without bail since his arrest in September. Rubin was once considered one of Wall Street's most skilled and aggressive traders of complex mortgage securities, earning him roles at influential firms like Merrill Lynch and Soros Fund Management.
In his latest bid for freedom, his lawyers had offered a $70 million bond, co-signed by family members. They include his wife, who has been divorcing him since 2021, and who wrote a letter to the judge extolling his devotion to three young grandchildren, who call him "Pops."
"There is no allegation that Mr. Rubin engaged in any BDSM activity since 2019," his lawyers wrote in bail arguments filed Tuesday. "He has been living in Connecticut for years, devoted to the care of his grandchildren," they wrote.
Federal prosecutors countered that no amount of bail or electronic monitoring could guarantee Rubin's return to court; they also say that he has used threats and coercion to silence his accusers, allegations Rubin denies.
Rubin's former personal assistant, Jennifer Powers, has been charged with pocketing millions of dollars to arrange the encounters; she has pleaded not guilty to sex trafficking charges and is free on $850,000 bail.
Her husband, Stephen Powers, is free on $250,000, according to court records. Both Powers have pleaded not guilty to bank and tax fraud in connection with the encounters.
Three attorneys for Rubin did not immediately respond to a request for comment on Wednesday. A Department of Justice spokesperson declined to comment.
Rubin is due back in court on January 15. If convicted of the top sex trafficking charge, he faces a mandatory minimum sentence of 15 years and as much as life in prison.
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If you've ever been to a karaoke bar or rented a private room with friends, chances are, you've heard of Journey whether you realize it or not. The band has made a legacy of songs that have crossed generations with their epic ballads. I may have laughed about my dad and his friends growing up in the Midwest singing “Wheel in the Sky” and “Only the Young," yet here I am decades later repeating that cycle with my kids. Luckily, for fans old and new, the band is going on tour next year and I've broken down how to get Journey tickets below.
While the band no longer has their famous front man and acclaimed songwriter, Steve Perry (he’s still alive, but hasn’t been with the band since 1998), they have continued on. There have been multiple iterations since Perry’s exit from the band, including multiple different singers. Steve Augeri took the lead from 1998 to 2006. Jeff Scott Soto took the mic briefly for a year in 2006. Arnel Pineda has been holding the mic ever since.
Despite the changes in the band’s front mic lineup, the band hasn’t stopped believing in the power of touring. They’ve been holding onto that feeling for decades. This year, however, is the time when the Journey may be ending its big touring journey.
Next year’s tour is due to be their final farewell tour. We’re going to help you find your way with “Open Arms” to the tour that the band has deemed their “Final Frontier Tour” with leads on ways you can find ways to “Be Good to Yourself” and get the cheapest tickets on Stubhub and VividSeats to their big coming final farewell tour to sing along before they go their “Separate Ways.”
Just because the band is finally hanging their hat up after this tour doesn’t mean that they aren’t going to go the distance with making sure that their fans have a chance to see them live before they make their exit.
While they will be playing in several major cities along their tour, the band is specifically choosing to play in areas outside major metropolitan areas that typically host big-name acts. They are playing in several smaller town venues across the country, which gives fans in areas that might not have been able to make a trek to a big city a chance to see them.
The band will also be playing a select number of shows in a few cities in Canada.
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How to buy tickets for Journey’s 2026 concert tour
Journey may have played about the city by the Bay, but for some reason, they aren’t headed there during their tour. The closest they will get to it is hundreds of miles away, with shows in Sacramento, Fresno, and Bakersfield being the closest stops that Bay Area fans will be able to see the San Francisco-originated band. Perhaps the lights may have already gone down on the city by the bay for them.
That aside, the band is playing a lot of midsize and smaller cities for the majority of their farewell tour. It’s groovy for some, but city folks may have to make more of a trek to get to see them if they want to catch one of these last shows.
That said, tickets for most of the shows are also not super high city prices. They’re pretty accessible price-wise. If you poke around, you can easily scoop tickets for a show for under or about a hundred bucks. That’s not a bad thing at all. Parking may even be a lot less stressful, too.
How much are tickets?
You can find tickets on Ticketmaster, StubHub, and Vivid Seats. Some tickets are unavailable via certain resellers. The Canada tickets, for example, were only available on VividSeats. The three-day pass for their appearance at Stagecoach was only available on Stubhub.
Shows can be vastly cheaper on resellers, but it really isn’t an exact science. There are some tickets available for the opening show on Ticketmaster for as low as $98. There are also ticket options available over there for CitiBank cardholders.
outside Ticketmaster, the cheapest ticket available anywhere currently is for the April 8 show in Iowa. This cheap ticket, however, states that it is a “premium lot” ticket with a view. It appears that these may be tickets outside the venue where there is visibility to see the show while parked outside it. However, as I am not specifically familiar with this venue personally, and information from the venue’s website does not have it easily available, you may want to contact them directly before purchasing that option if you’re really curious about saving the thirty bucks or so difference in cost between that and the next higher level option. A higher-level option is available for $84 in the center itself, which is viewable on Stubhub.
The highest-priced tickets for their tour are during their appearance at the Stagecoach music festival, where fans can expect to spend at least $763 for a day pass to the show. The highest-priced single show is in Green Bay, Wisconsin, with tickets costing $271.
Who is opening for Journey’s tour?
Journey has worked hard to be the front headliners. They’re going to be holding that line in the spotlight themselves as much as possible with this tour, with the exception of when they’re going to be playing the Stagecoach festival in Indio, California. Stagecoach is a massive concert experience featuring bands such as Counting Crows, Pitbull, Bush, Post Malone, Brooks & Dunn, the Wallflowers, Ludacris, Lyle Lovett, Cody Johnson, and Lainey Wilson.
Will there be international tour dates?
The tour comprises multiple locations throughout North America. Unfortunately, there are none planned on other continents. If you’re looking to see them outside the US, you can catch one of their shows in Canada on March 7 in Ottawa, March 9 in Hamilton, March 11 in Montreal, March 12 in Quebec City, or April 17 in Vancouver, BC. The Canadian tickets are only available via VividSeats.
Who are the members of Journey?
Originally Journey was composed of lead guitarist Neal Schon who has been with the band since its inception in 1973, Gregg Rollie (who was once a lead singer of Santana before joining Journey at one point before exiting in 1980), bassist Ross Valory, rhythm guitarist George Tickner (who left after the first album), and drummer Prairie Prince (who was replaced by Aynsley Dunbar shortly after the band's formation). Needless to say, the band has seen some changes since its original formation.
Some, as mentioned above, have been about the vocalist of the band. Famous frontrunner vocalist and co-songwriter Steve Perry was with the band from 1977 to 1998. Perry was a co-songwriter on many of Journey’s most famous songs in their catalog. There have been multiple others who have left their ensemble due to differences in thoughts on the band's direction or health-related concerns. The current members of Journey embarking on this last tour are lead guitarist Neal Schon, keyboardist Jonathan Cain, vocalist Arnel Pineda, bassist Todd Jensen, drummer and singer Deen Castronovo, and keyboardist and singer Jason Derlatka.
For many parents, providing for their children goes far beyond daily expenses — it's about building a foundation for the future. We talked to parents about how they built wealth from scratch to give their kids financial security and the lessons they learned along the way.
