Hyatt and Extell Development have announced plans for The StandardX Times Square, which will mark the brand’s first location in North America.
The hotel will be located at 255 West 45th Street in Manhattan’s Theater District and is expected to have around 1,800 rooms. It is currently scheduled to open in the second half of 2028.
The project will be much more than just a hotel. Plans call for an enclosed free-fall thrill ride, an observation deck more than 1,000 feet above Manhattan, a rooftop pool, and a large collection of restaurants, bars and nightlife venues. There will also be a rooftop bar and lounge overlooking the city.
The StandardX is positioned as a simpler, more casual version of The Standard, with straightforward rooms, streamlined service and a bigger focus on the neighborhood and social scene around the hotel. The Times Square property is being designed as a flagship for the brand rather than a template for future locations.
The design will lean into New York’s theatrical side, with bold colors, sculptural elements and reflective finishes, while the public spaces will focus heavily on music, dining and nightlife.
The StandardX Times Square will also participate in World of Hyatt, giving members another option for earning and redeeming points in Manhattan when it opens.
Alphabet (GOOGL -12.64%)(GOOG -12.29%) shares were slammed following the company’s third-quarter earnings report, as its search revenue growth slowed and it missed expectations. However, this problem looks fixable, and the company’s cloud computing business delivered exceptional results.
Let’s take a closer look at the search giant’s Q3 results and why I think the stock is a buy on this dip.
GOOGL – Alphabet
$283.82-$41.07 (-12.64%)
NASDAQ · As of 4:00 PM ET 10/29/26
Search revenue misses
The biggest reason Alphabet shares sank was that its search revenue growth decelerated from 17% from the second quarter and missed expectations. For Q3, search revenue grew 12% to $63.35 billion, below analyst estimates of $64.96 billion. The slower growth stemmed from a combination of currency fluctuations, the timing of the World Cup, the end of the European Union de minimis exception (no duties on low-cost items), and lower monetization of AI queries compared with traditional search.
While the company said currency was the biggest drag, the last one is what caught everyone’s attention. Alphabet said it saw its highest query growth in five years, but revenue growth still slowed. This means it was seeing lower revenue per search with its newer AI queries. The worry is that this could become a structural issue. However, this looks fixable as it works to find the right ad formats. The company will start offering ads in AI international markets for the first time, while also introducing new multi-turn ads (ads that adapt to evolving content during AI queries) in the U.S.
Management also spoke positively about Alphabet’s stand-alone Gemini app, which recently reached 1 billion users. It said it was the fastest-growing product in its history. The company also launched its new Carbon model the same day as its earnings report, shortly after introducing its Argon model.
While Alphabet’s search segment was a disappointment, its cloud computing unit was a huge bright spot. Google Cloud revenue more than doubled to $30.7 billion, and topped the $28.7 billion cloud revenue consensus. The company’s cloud growth is far outpacing that of rivals Microsoft and Amazon as it takes market share. Impressively, cloud operating income more than tripled to $11.1 billion, as its operating margins climbed from 23.7% a year ago to 36.2%. Cloud computing is a high-fixed-cost business, and Alphabet is seeing significant operating leverage. As such, expect its cloud computing operating income to continue to outpace revenue growth.
Alphabet ended the quarter with a backlog of $561 billion. It expects about 55% of that to convert to revenue over the next two years. This also includes sales of tensor processing units (TPUs).
Looking at Alphabet’s other segments, YouTube ad revenue climbed 9% to $11.2 billion, while Google Network revenue edged up 1% to $7.5 billion. Subscription (YouTube Premium and Music) revenue, meanwhile, rose 11% to $14.3 billion.
Overall, Alphabet’s Q3 revenue jumped 25% to $127.6 billion, while its earnings per share fell 26% to $2.12. Much of this was due to a paper loss on its SpaceX investment, and adjusted EPS was around $2.67. However, the results still missed analyst expectations for EPS of $3.02 on revenue of $128.2 billion
Also notable during the quarter was Alphabet’s negative free cash flow of $9.1 billion as it ramped up its AI infrastructure spending. That was also below the negative $2.7 billion analysts expected, but it did include a $5.2 billion fine. Operating cash flow, meanwhile, was a robust $42.3 billion for the quarter.
Image source: The Motley Fool
Why the stock is a buy
Following the stock’s dip, Alphabet trades at a forward P/E of just above 18.5 times 2027 analyst estimates. That ultimately should prove to be a bargain for a company with the most complete tech stack.
Google Cloud has become a monster, with rapid revenue growth and great operating leverage, and its TPUs give the company a distinct advantage and additional underappreciated growth driver. Meanwhile, Alphabet is seeing strong query growth, but it needs to find a way to better monetize AI Mode searches, which should be fixable.
In typical Wall Street fashion, investors are shooting first and asking questions later, creating a great opportunity to buy this top AI stock on this dip.
Sa episode na ito ng Money Masters, makakasama ni Chinkee Tan si Jax Reyes, money advocate, content creator, at founder ng Kaskasan Buddies.
Pag-uusapan nila ang money habits ng Gen Z, millennials, at young professionals—mula sa “deserve ko ‘to” mindset, FOMO spending, credit cards, budgeting, emergency fund, hanggang sa tamang pag-iipon at pag-invest.
Hindi masama ang mag-enjoy sa pera. Ang tanong: budgeted ba?
Ang tunay na financial freedom ay hindi tungkol sa paggastos nang walang limit. Ito ay tungkol sa tamang disiplina para ma-enjoy mo ang buhay ngayon nang hindi sinisira ang future mo.
🔔 Subscribe at i-click ang bell para hindi ma-miss ang susunod na episodes ng Money Masters.
🎯 Para Kanino ang Video na Ito?
✅ Gen Z at millennials
✅ Young professionals at employees
✅ Gusto matutong mag-budget at mag-ipon
✅ Gumagamit o gustong gumamit ng credit card
✅ Naghahanap ng investing at money habits advice
✅ Gustong umiwas sa utang at financial scams
💡 Matututunan Mo
Paano iwasan ang “Deserve Ko ‘To” trap
Bakit mahalaga ang budgeting bago gumastos
Responsible credit card usage
Emergency fund at investing habits
Peso Cost Averaging
Money Date with yourself
Financial education vs. financial hype
Paano bumuo ng healthy money habits
⏱️ Chapters
00:00 – Teaser
01:15 – Meet Jax Reyes
07:24 – Money Wake-Up Call
09:18 – “Deserve Ko ‘To” Mindset
20:05 – Travel Now, Utang Later?
23:28 – Money Date With Yourself
24:25 – Credit Card Tips
27:41 – Peso Cost Averaging
29:34 – Scam Prevention
38:07 – First ₱100,000 Story
48:42 – What Financial Freedom Really Means
53:34 – Advice for Young Filipinos
Sa episode na ito, ibinahagi ni Jax Reyes ang kanyang personal na money journey at practical advice tungkol sa budgeting, credit cards, saving, investing, at financial discipline. Tinalakay rin nila ni Chinkee Tan kung paano maiiwasan ang FOMO spending, utang, at financial hype habang unti-unting binubuo ang long-term wealth.
Tandaan: Hindi lahat ng deserve mo ay kailangan mong bilhin ngayon. Ang mas magandang tanong ay: “Deserve ko ba ito… at budgeted ba?”
This Q&A is gleaned from articles published in Enterprising Investor on this subject within the past 100 days. These articles are linked below.
This is designed for CFA charterholders, portfolio managers, wealth advisers, and institutional investors, with an emphasis on what is changing, why it matters, and what practitioners should do next.
From investment research to autonomous portfolios: Where does AI create real value?
Opinions expressed by Entrepreneur contributors are their own.
Key Takeaways
Moving from founder to chairman means letting go of the “how” and focusing on strategy, capital and accountability.
Give your CEO real authority by knowing the line between oversight and interference and don’t hire one until you’re truly ready to let go.
As a six-time CEO who has served on 23 corporate boards, I’ve watched the same story unfold in nearly every sector. An ambitious founder builds a business, reaches the point where they want to step back from daily operations, hires a CEO and moves into the chairman role, assuming the hardest work is behind them. Six months later, the relationship starts to fracture.
The founder feels the new leader is moving too slowly or making different choices, while the CEO feels micromanaged and stripped of authority. Once that trust breaks, the transition meant to unlock the company’s next chapter becomes a source of friction and lost momentum.
Having navigated this handoff from both sides of the table, I call this dynamic “the chairman’s gap”: the gray zone between providing governance and interfering. Staying on the right side of that line doesn’t happen by accident. It requires unlearning the operational habits that made you successful in the first place.
Unlearn the operator mindset
When founders ask me how to make the move from founder to chairman, they usually expect a tactical playbook on board meetings or governance structures. The mechanics matter, but I’ve found the real challenge is psychological.
As an operating CEO, your daily survival depends on answering “how.” You inspect details, solve bottlenecks and drive execution. As chairman, you have to give up ownership of the “how” and focus on the “what” and “why”: setting strategic direction, securing capital and holding your CEO accountable for results.
I put this into practice when I co-founded a luxury vehicle business. I knew from day one that I wouldn’t run daily operations, so I brought in an industry expert I had mentored for five years as president and CEO. Even with decades of executive experience, I still had to train myself to stay in my lane.
If you’re wondering whether to hire a CEO, the real question is whether you’re prepared to let someone else run the business differently than you would. If our CEO evaluates an opportunity differently than I would, my job isn’t to override that decision. It’s to support the culture of accountability we built together. Different isn’t wrong; it’s just different. When a chairman accepts that there are multiple routes to a goal, the partnership thrives.
Define what a chairman actually does
Adopting that mindset is essential, but making it work day to day requires clear structure. Most executive friction comes down to a simple oversight: Neither leader defined where their authority starts and stops on day one. Working well with the CEO you hired means setting explicit rules of engagement long before you hand over control.
Across my board experience, a chairman’s role falls into three areas:
Capital and governance: securing financial backing, protecting resources and maintaining fiscal oversight through formal board channels.
Advice and mentorship: serving as a trusted sounding board when the CEO wants perspective on high-stakes decisions.
Foundational support: stepping in temporarily on administrative areas where the CEO needs help, such as reviewing insurance policies, setting up banking or building back-office systems.
Notice what’s missing: managing inventory, dictating daily workflows or going around the CEO to direct staff. With our CEO, I stay informed through a simple routine: a formal monthly financial review, dual authorization on major transactions and quick high-level updates. That gives me clarity without putting my hands back on the wheel.
Know the line between oversight and interference
Knowing the difference between constructive oversight and interference is a critical skill for any chairman. From the outside, asking questions in a meeting or reviewing performance metrics can look the same either way. From the inside, they reflect opposite approaches to leadership.
Oversight focuses on outcomes and alignment: Is the team hitting its targets, protecting its values and managing risk? Interference focuses on personal preference: Why was that email phrased that way? Why wasn’t the meeting run the way I used to run it?
When chairmen interfere, it usually comes from an emotional attachment to old routines. Early in my board career, whenever I spotted an inefficient process, my instinct was to jump in and fix it.
I quickly realized that doing so undermines the CEO’s confidence and destroys accountability. When you spot an issue as chairman, your job is to raise it with the CEO in an advisory conversation and leave the execution entirely in their hands.
Answer this question first
Mastering this discipline is what unlocks the real value of the chairman role. Giving your CEO room to execute frees you to focus on strategy and scale your impact without burning out on 80-hour workweeks.
But that success depends on one non-negotiable boundary. Before you sign a contract, post the job or even think about handing over control, ask yourself: Am I truly ready to let go, and will I trust the new CEO?
If the answer is yes, hand over the keys completely. Trust the leader you chose, hold them accountable for outcomes and give them room to drive. But if you hesitate, even for a moment, don’t hire a CEO. The biggest threat to a company’s next chapter isn’t a new executive making an operational mistake. It’s a chairman who refuses to get out of the driver’s seat.
Key Takeaways
Moving from founder to chairman means letting go of the “how” and focusing on strategy, capital and accountability.
Give your CEO real authority by knowing the line between oversight and interference and don’t hire one until you’re truly ready to let go.
As a six-time CEO who has served on 23 corporate boards, I’ve watched the same story unfold in nearly every sector. An ambitious founder builds a business, reaches the point where they want to step back from daily operations, hires a CEO and moves into the chairman role, assuming the hardest work is behind them. Six months later, the relationship starts to fracture.
The founder feels the new leader is moving too slowly or making different choices, while the CEO feels micromanaged and stripped of authority. Once that trust breaks, the transition meant to unlock the company’s next chapter becomes a source of friction and lost momentum.
Having navigated this handoff from both sides of the table, I call this dynamic “the chairman’s gap”: the gray zone between providing governance and interfering. Staying on the right side of that line doesn’t happen by accident. It requires unlearning the operational habits that made you successful in the first place.
The out-of-state bank didn’t, she said. In this case, the trouble was in the HOA’s finances.
“There was no reason why they couldn’t have just called the HOA, gotten a copy of the budget, because that was what the problem was, saw that the budget wasn’t in line, and then put them in a non-warrantable,” Bloom said. “But, you know, the person he was working with wasn’t educated enough, and it’s ridiculous that it took them a month to figure this out. That’s not fair to the client.”
What buyers should know
Fannie Mae and Freddie Mac are raising the reserve requirement for condo associations from 10% to 15% starting Jan. 4, 2027. Bloom said more condos will land in the non-warrantable category as a result.
The shift isn’t all bad news for buyers, she said. Some may come out ahead, though the process looks different.
“I don’t say jump through more hoops because in some cases maybe the non-QM financing is better anyway,” Bloom said.
Samsung Wallet is offering some users $20 off a Fandango movie ticket promo code when they use Samsung Wallet to make two qualifying payment transactions
The Fine Print
From 10/1/26 (9:01am PT) – 12/1/26 (11:59pm PT), while supplies last, must opt-into the promotion in the Samsung Wallet app and then make two (2) qualifying payment transactions using Samsung wallet, to be eligible to receive a $20 Fandango Promo Code. Promo Code will be sent to your Samsung Wallet.
Our Verdict
Terms don’t say anything about the payments needing to be on anything specific so any payments should work? Not sure if available to all users or not.
Serbia ‘s student movement on Thursday demanded the resignations of top officials in the police, intelligence agencies and the judiciary as they prepare to take power after a historic election win last weekend against former strongman leader Aleksandar Vucic.
The students at a news conference also urged Serbia’s election authorities to officially declare the final results of Sunday’s ballot without delay after a rerun at some 50 polling stations next Sunday, so that a new Parliament and government can be formed.
The Students’ List movement swept the parliamentary election on Sunday against Vucic’s right-wing Serbian Progressive Party, which has ruled unchallenged for 14 years. The outgoing authorities remain in control as the formal transition of power will take several weeks.
“Changes are starting now,” student Filip Ubovic said at the news conference held at a central Belgrade park that used to be a sealed-off area occupied by Vucic’s loyalists. “Institutions belong to the citizens and the law applies to everyone.”
Vucic’s party has gradually taken control over all state institutions since it came to power in 2012. The SNS party has been accused of rampant corruption and cronyism, links to organized crime and pressure on the judiciary, police and the media, which the populists have denied.
The students on Thursday asked public servants to prevent outgoing officials from destroying documentation or evidence of potential wrongdoing.
Vucic on Thursday held a news conference of his own, accusing the election winners of “revolutionary terror” after groups of people stormed the Informer TV station that led the preelection propaganda branding the students as traitors and enemies of the state.
Suspicions of state corruption in infrastructure projects two years ago set off a wave of street protests after a collapsed canopy at a train station in Serbia’s north killed 16 people after a renovation. The students led those protests before challenging and defeating Vucic at the early ballot on Sunday.
The students’ win on Sunday marks the first time that a grass-root youth movement toppled a well-established political leader. It comes at the moment when similar movements are mushrooming across Europe.
The students said in their briefing that top police officials and the intelligence agencies had served Vucic’s party during the protests in violation of the law. They have been accused of using excessive force against protesters, illegal surveillance, detention and pressure on Vucic’s political opponents.
The students also demanded changes in the judiciary and urgent investigations in top-level corruption cases that might have been sidelined due to political pressure under Vucic. They promised that all contracts and public spending deals will be reviewed.
“The Students’ List is not here to take revenge,” Ubovic said. “We are not asking for political service but for the adherence to the laws, professionalism and responsibility.”
There was no immediate response from the police commanders, judges and prosecutors who the students asked to step down.
The general manager of the state Serbian RTS television, Manja Grcic, has resigned while the public broadcaster’s branch in Novi Sad, the site of the November 2024 train station tragedy, has apologized to the viewers for selective and non-professional reporting.
Serbia is formally seeking European Union membership but the bid has stalled under Vucic due to democratic backsliding and close ties to Russia. EU officials have offered help to the new authorities in boosting Serbia’s democracy and the rule of law.
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