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White House says at least 8 US telecom firms, dozens of nations impacted by China hacking campaignWho is Jeanette Núñez? The first in line to replace Ron DeSantis as Florida governorSegall Bryant & Hamill LLC acquired a new stake in shares of Steelcase Inc. ( NYSE:SCS – Free Report ) during the third quarter, according to its most recent filing with the SEC. The fund acquired 168,471 shares of the business services provider’s stock, valued at approximately $2,273,000. Other institutional investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale grew its holdings in Steelcase by 8.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 12,017 shares of the business services provider’s stock valued at $153,000 after buying an additional 897 shares in the last quarter. Creative Planning grew its stake in Steelcase by 8.7% during the third quarter. Creative Planning now owns 13,470 shares of the business services provider’s stock valued at $182,000 after acquiring an additional 1,075 shares in the last quarter. Alhambra Investment Management LLC increased its holdings in Steelcase by 5.5% during the 2nd quarter. Alhambra Investment Management LLC now owns 24,226 shares of the business services provider’s stock worth $314,000 after acquiring an additional 1,257 shares during the period. ProShare Advisors LLC lifted its stake in Steelcase by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 16,656 shares of the business services provider’s stock worth $218,000 after purchasing an additional 1,311 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Steelcase by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 48,292 shares of the business services provider’s stock valued at $626,000 after purchasing an additional 1,426 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock. Steelcase Stock Up 1.8 % Shares of NYSE SCS opened at $13.27 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.23 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average of $12.99 and a 200-day moving average of $13.16. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 1.30 and a beta of 1.34. Steelcase Inc. has a 12 month low of $11.50 and a 12 month high of $14.74. Steelcase Announces Dividend The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.10 per share. The ex-dividend date was Monday, September 30th. This represents a $0.40 dividend on an annualized basis and a yield of 3.01%. Steelcase’s payout ratio is 37.74%. Analyst Ratings Changes Separately, Noble Financial initiated coverage on Steelcase in a research report on Wednesday, October 9th. They issued an “outperform” rating and a $16.00 price objective on the stock. Get Our Latest Research Report on SCS Insiders Place Their Bets In other news, VP Robert G. Krestakos sold 4,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $13.11, for a total value of $52,440.00. Following the completion of the sale, the vice president now owns 119,481 shares of the company’s stock, valued at approximately $1,566,395.91. This represents a 3.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Corporate insiders own 12.96% of the company’s stock. About Steelcase ( Free Report ) Steelcase Inc provides a portfolio of furniture and architectural products and services in the United States and internationally. It operates through Americas and International segments. The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, mobile power, and screens. Further Reading Want to see what other hedge funds are holding SCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Steelcase Inc. ( NYSE:SCS – Free Report ). Receive News & Ratings for Steelcase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Steelcase and related companies with MarketBeat.com's FREE daily email newsletter .
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With 13 newcomers, South Carolina Senate may tackle tough issues
At Israel’s Ben Gurion International Airport, more than a year of war has taken its toll. Global airlines have canceled flights, gates are empty and pictures of hostages still held in the Gaza Strip guide the few arriving passengers to baggage claim. But one check-in desk remains flush with travelers: the one serving flights to the United Arab Emirates, which have kept up a bridge for Israelis to the outside world throughout the war. The Emirati flights, in addition to bolstering airlines’ bottom lines, have shined a light on the countries’ burgeoning ties — which have survived the wars raging across the Middle East and could be further strengthened as U.S. President-elect Donald Trump prepares to return to office. “It’s a political and economic statement,” said Joshua Teitelbaum, a professor of Middle Eastern studies at Israel’s Bar-Ilan University. “They are the main foreign airlines that continue to fly.” Since the wars began with Hamas’ initial Oct. 7, 2023, attack on Israel, many international airlines have halted, restarted and halted again their flights into Israel’s main gateway to the rest of the world. The concern is real for the carriers, who remember the downing of Malaysia Airlines Flight 17 over Ukraine 10 years ago and Iran shooting down Ukraine International Airlines Flight 752 after takeoff from Tehran in 2020. But FlyDubai, the sister airline to the long-haul carrier Emirates, has kept up multiple flights daily and kept Israel connected to the wider world even as its other low-cost competitors have stopped flights. Abu Dhabi’s Etihad has continued its flights as well. While maintaining the flight schedule remains politically important for the UAE after its 2020 diplomatic recognition of Israel, it also provided a further shot in the arm for revenues — particularly for FlyDubai. Since the Israeli’s wars against Hamas in Gaza and Hezbollah in Lebanon started, international carriers such as Atlanta-based Delta Air Lines, Germany’s Lufthansa and other major airlines halted their flights. Some resumed, only to stop again after Iran’s Oct. 1 ballistic missile attack on Israel and Israel’s Oct. 26 retaliatory strike on the Islamic Republic. Tehran has threatened to strike Israel again. That’s brought major business to Israel’s national carrier El Al, which had struggled in the coronavirus pandemic and prior years. The airline posted its best-ever half-year results this year, recording a $227 million profit as compared to $58 million profit in the same period last year. El Al stock has risen by as much 200% over the past year, as compared to a 29% rise in the wider Tel Aviv 125 stock market index. El Al, however, lacks the routes and connections of major international carriers. Low-cost carriers as well have stopped flying into Israel during periods of the war, sending the price of El Al tickets ever higher. Passenger numbers through Ben Gurion halved compared to the same period the year before, El Al said in its second-quarter financial results. However, FlyDubai has kept flying. The carrier has operated more than 1,800 flights to Israel since October 2023, cancelling only 77 flights overall, according to Cirium, an aviation analytics company. In September alone, it flew more than 200 flights. As a line snaked toward the FlyDubai check-in counters at Ben Gurion Airport, UAE-bound Motti Eis said the flights were “a symbol that the Emirates countries decided to keep the peace.” FlyDubai declined to answer questions from The Associated Press about the flights. Etihad, the flag carrier for Abu Dhabi, has kept flying into Tel Aviv, but the number of its flights has been dwarfed by FlyDubai. FlyDubai had 3.6% market share at Ben Gurion, compared to El Al’s 43.2% in the second half of 2024. However, at least two of the foreign low-cost airlines with greater market, Wizz Air and Blue Bird, stopped flying for extended periods this year. Etihad said it maintains a close watch on the situation in the region, but continues its daily flights to and from Tel Aviv. “Ben Gurion International Airport remains open, employing best practices in safety and security practices, enabling Etihad and other airlines to provide essential air connectivity as long as it is secure to do so,” the airline said in a statement. Beyond the financial impact, the decision also takes root in the UAE’s decision to recognize Israel in 2020 under agreements brokered by President Donald Trump known as the Abraham Accords. While Abu Dhabi has repeatedly expressed concern and outrage at Israel’s conduct during the wars, Israel’s consulate in Dubai and embassy remain open in the country. And while Dubai, broadly speaking, remains focused on business in the country, Abu Dhabi’s focus long has been on its geopolitical aims — which since the 2011 Arab Spring have been squarely focused on challenging Islamist movements and those who back them in the wider region. The UAE, a hereditary autocracy, long has viewed those groups as serious challenges to its power. Get local news delivered to your inbox!SINGAPORE: Singapore has reported the highest rate of AI-related incidents in Southeast Asia, with 35% of respondents experiencing such issues in the past financial year, according to a recent report by Deloitte. The findings highlight the challenges faced by businesses in navigating the rapid adoption of artificial intelligence technologies. The report also reveals widespread apprehension among organisations, with 96% of respondents identifying security vulnerabilities and 94% citing privacy breaches as key risks associated with AI deployment. Despite Singapore’s leadership in AI adoption across the region, confidence in workforce readiness remains alarmingly low. Only 50% of respondents believe their employees possess the skills required to use AI responsibly, marking the lowest confidence level in Southeast Asia. To address this gap, nearly 70% of organisations are prioritising the recruitment of specialised AI talent over reskilling existing staff. The emphasis on AI governance is growing, with businesses in Singapore aiming to enhance customer reputation (43%), build trust in AI outputs (43%), and improve regulatory compliance (39%) through effective governance frameworks. Across the broader Asia-Pacific region, the benefits of mature AI governance are becoming clear. Organisations with well-established frameworks reported a 28% increase in AI adoption among staff and implemented AI solutions in at least three business areas. Additionally, these organisations achieved nearly 5% higher revenue growth compared to their counterparts with less developed governance practices. The findings highlight the dual challenge facing businesses in Singapore: balancing the rapid adoption of AI with the need to mitigate risks and ensure their workforce is adequately prepared for the transformative potential of these technologies.Trump team signs agreement to allow Justice to conduct background checks on nominees, staff
Port: No more budget addresses from lame-duck governors, please
WASHINGTON — The Supreme Court seemed likely Wednesday to uphold Tennessee's ban on gender-affirming care for minors. The justices' decision, not expected for several months, could affect similar laws enacted by another 25 states and a range of other efforts to regulate the lives of transgender people, including which sports competitions they can join and which restrooms they can use. The case is being weighed by a conservative-dominated court after a presidential election in which Donald Trump and his allies promised to roll back protections for transgender people. The Biden administration's top Supreme Court lawyer warned a decision favorable to Tennessee also could be used to justify nationwide restrictions on transgender health care for minors. Supporters of transgender rights rally Wednesday outside the Supreme Court in Washington. In arguments that lasted more than two hours, five of the six conservative justices voiced varying degrees of skepticism over arguments made by the administration and Chase Strangio, the ACLU lawyer for Tennessee families challenging the ban. Chief Justice John Roberts, who voted in the majority in a 2020 case in favor of transgender rights, questioned whether judges, rather than lawmakers, should weigh in on a question of regulating medical procedures, an area usually left to the states. "The Constitution leaves that question to the people's representatives, rather than to nine people, none of whom is a doctor," Roberts said in an exchange with Strangio. Justice Neil Gorsuch, who wrote the majority opinion in 2020, said nothing during the arguments. The court's three liberal justices seemed firmly on the side of the challengers, but it's not clear that any conservatives will go along. People attend a rally March 31, 2023, as part of a Transgender Day of Visibility, near the Capitol in Washington. Justice Sonia Sotomayor pushed back against the assertion that the democratic process would be the best way to address objections to the law. She cited a history of laws discriminating against others, noting that transgender people make up less than 1% of the U.S. population, according to studies. There are an estimated 1.3 million adults and 300,000 adolescents ages 13 to 17 who identify as transgender, according the UCLA law school's Williams Institute. "Blacks were a much larger part of the population and it didn't protect them. It didn't protect women for whole centuries," Sotomayor said in an exchange with Tennessee Solicitor General Matt Rice. Justice Ketanji Brown Jackson said she saw some troubling parallels between arguments made by Tennessee and those advanced by Virginia and rejected by a unanimous court, in the 1967 Loving decision that legalized interracial marriage nationwide. Quoting from that decision, Jackson noted that Virginia argued then that "the scientific evidence is substantially in doubt and, consequently, the court should defer to the wisdom of the state legislature." ACLU lawyer Chase Strangio, left, and plaintiff Joaquin Carcano address reporters after a June 25, 2018, hearing in Winston-Salem, N.C., on their lawsuit challenging the law that replaced North Carolina's "bathroom bill." Justice Samuel Alito repeatedly pressed Strangio, the first openly transgender lawyer to argue at the nation's highest court, about whether transgender people should be legally designated as a group that's susceptible to discrimination. Strangio answered that being transgender does fit that legal definition, though he acknowledged under Alito's questioning there are a small number of people who de-transition. "So it's not an immutable characteristic, is it?" Alito said. Strangio did not retreat from his view, though he said the court did not have to decide the issue to resolve the case in his clients' favor. There were dueling rallies outside the court in the hours before the arguments. Speeches and music filled the air on the sidewalk below the court's marble steps. Advocates of the ban bore signs like "Champion God's Design" and "Kids Health Matters," while the other side proclaimed "Fight like a Mother for Trans Rights" and "Freedom to be Ourselves." Four years ago, the court ruled in favor of Aimee Stephens, who was fired by a Michigan funeral home after she informed its owner she was a transgender woman. The court held that transgender people, as well as gay and lesbian people, are protected by a landmark federal civil rights law that prohibits sex discrimination in the workplace. The Biden administration and the families and health care providers who challenged the Tennessee law urged the justices to apply the same sort of analysis that the majority, made up of liberal and conservative justices, embraced in the case four years ago when it found that "sex plays an unmistakable role" in employers' decisions to punish transgender people for traits and behavior they otherwise tolerate. Demonstrators against transgender rights protest Wednesday during a rally outside of the Supreme Court in Washington. The issue in the Tennessee case is whether the law violates the equal protection clause of the 14th Amendment, which requires the government to treat similarly situated people the same. Tennessee's law bans puberty blockers and hormone treatments for transgender minors, but allows the same drugs to be used for other purposes. Solicitor General Elizabeth Prelogar, the administration's top Supreme Court lawyer, called the law sex-based line drawing to ban the use of drugs that have been safely prescribed for decades and said the state "decided to completely override the views of the patients, the parents, the doctors." She contrasted the Tennessee law with one enacted by West Virginia, which set conditions for the health care for transgender minors, but stopped short of an outright ban. Gender-affirming care for youth is supported by every major medical organization, including the American Medical Association, the American Academy of Pediatrics and the American Psychiatric Association. Get Government & Politics updates in your inbox! Stay up-to-date on the latest in local and national government and political topics with our newsletter.
Cadence design's sr. vice president sells $199,023 in stock
