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Michael Kirban, Co-founder and executive chairman of Vita Coco.vita coco When it comes to selling coconut water to the health obsessed, New York’s Vita Coco has served up a master class, schooling even giant rivals like Coke and Pepsi. Its next test will be withstanding Trump’s tariff shocks. What do you do when 96% of your revenue comes from coconut water and 100% of your supply comes from tropical countries targeted by Donald Trump with high tariffs? This is exactly the situation confronting one of the nation’s hottest small cap companies today, $516 million (revs) Vita-Coco of New York City,…

India could be banned from world football for the second time in three years after FIFA and the Asian governing body demanded it implement a new constitution by October 30 or risk suspension. World governing body FIFA and the Asian Football Confederation (AFC) sent a joint letter to the All India Football Federation (AIFF) president Kalyan Chaubey expressing “profound concern” at the continued failure to finalise and adopt the constitution. “Failure to meet this schedule will leave us with no alternative but to refer the matter to the relevant FIFA decision-making body for consideration and decision,” said the letter, seen…

Iga Swiatek and Jannik Sinner showed their championship pedigree at the US Open on Tuesday with commanding displays at the Arthur Ashe Stadium, walloping their first-round opponents on the third day of first-round action at the newly expanded major. Wimbledon champion Swiatek arrived in pristine form after capturing the Cincinnati title and made quick work of Emiliana Arango 6-1 6-2 in just an hour, never facing a break point. The 2022 winner acknowledged the unique challenge of New York’s atmosphere afterwards. “Every year is tough, because New York is just so loud, and it’s hard to find that balance off…

LAHORE: Pakistan Cricket Board (PCB) officials are concerned over the continued decline in the performance of national sides across formats during the past two years, attributing it largely to frequent changes in the board’s leadership, selectors, coaches and captains. According to sources, the matter came under detailed discussion at the recent meeting of the Board of Governors (BoG), which lasted nearly three hours, Dawn has learnt. PCB chairman Mohsin Naqvi also attended the session for about 15 to 20 minutes. During the meeting, various departments of the PCB including International Cricket, High Performance Cen­tre, Legal Affairs and Women’s Cricket presented…

Lisa Cook, governor of the US Federal Reserve. Photographer: Al Drago/Bloomberg© 2024 Bloomberg Finance LP President Donald Trump announced late Monday that he was firing Federal Reserve Governor Lisa Cook, a Senate-confirmed appointee. This unprecedented action, citing unproven allegations of mortgage fraud, represents a direct undermining of the Federal Reserve’s long-cherished independence—a principle essential for managing the U.S. economy without political interference. Now, investors are left grappling with the implications of this escalation, which could erode trust in America’s financial bedrock and exacerbate economic stagnation amid soaring deficits and national debt. This firing isn’t just about one governor; it’s a…

A small replica of the Charging Bull statue is seen on a street vendor stall outside the New York Stock Exchange on July 11, 2025.Jeenah Moon | ReutersThe S&P 500 index has bounced back from its April lows.Yet experts say investors would be wise to watch the risks before pursuing an investment strategy concentrated in the large-cap company-focused S&P 500 index, which represents about 80% of market capitalization.”Our advice for people who are looking at their performance on a one-year or three-year horizon is no, we don’t think that the set-it-and-forget-it, S&P 500-only strategy is the right strategy,” said Lisa…

Carlos Alcaraz has revealed the new cropped hairstyle he is sporting at the US Open was the result of his brother mishandling the clippers when he wanted a quick trim before the tournament. The buzz cut was the talk of Flushing Meadows on the second day of the championships on Monday as the second-seeded Spaniard dismantled Reilly Opelka 6-4 7-5 6-4 to ease into the second round. “I felt like my hair was really long already, and before the tournament I just really wanted to get a haircut,” the 22-year-old told reporters. “Suddenly just my brother just — he misunderstood…

Fast bowler Will O’Rourke will be out for at least three months with a stress fracture in his lower back, New Zealand Cricket said onb Tuesday, adding to a mounting injury list. The 24-year-old was injured while bowling in the first Test against Zimbabwe this month and returned home, where scans revealed the extent of the damage. “We’re really feeling for Will at the moment and wishing him speedy recovery,” New Zealand head coach Rob Walter said. O’Rourke will miss the home white-ball series against Australia in early October, England later that month and the West Indies in November. All-rounder…

dowell | Moment | Getty ImagesWith the stock market hovering near record highs, you may have large profits sitting in a taxable brokerage account. Upon selling, you could owe capital gains taxes, levied at 0%, 15% or 20%, based on taxable income, if you own the assets for more than one year. There’s also a 3.8% surcharge for higher earners, which could bring the total rate to 23.8%.But many investors don’t realize they qualify for 0% capital gains, which is a chance to take some profits without triggering a tax bill. “I’d say probably half of our clients are aware of it and…

The absent Alexander Isak dominated the build-up to Newcastle United’s clash at home to Liverpool but the Swede was temporarily forgotten in a rip-roaring contest that ended 3-2 to the reigning champions thanks to a stoppage-time winner by teenaged Premier League debutant Rio Ngumoha. Isak’s desire to leave Newcastle, with Liverpool his destination of choice, guaranteed a boisterous St James’ Park atmosphere and it seemed Arne Slot’s visitors had buckled as they threw away a flattering 2-0 lead against a side reduced to 10 men by Anthony Gordon’s red card in first-half stoppage time. But 16-year-old Ngumoha broke Newcastle’s hearts…