NEW YORK, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Wolf Popper LLP is investigating potential claims on behalf of purchasers of Symbotic Inc. (“Symbotic”) common stock (NASDAQ: SYM). SYM designs and develops an A.I.-powered robotic software platform for use in warehouses. After the market closed on November 18, 2024, SYM announced its fiscal fourth quarter and full year 2024 results. In addition, Symbotic disclosed it would need to restate its financial statements for the first three quarters of fiscal year 2024 with respect to its accounting of goods and services received. Before the market opened on November 27, 2024, Symbotic announced it wouldn’t be able to file its Annual Report on Form 10-K for the fiscal year ended September 28, 2024. Symbotic disclosed on November 25, 2024, it had identified errors in its revenue recognition related to cost overruns that are not billable on certain deployments, which additionally impacted system revenue recognized in the first three quarters of fiscal 2024. The total impact of the errors will lower system revenue, system gross profit, income (loss) before income tax, and adjusted EBITDA by $30 million to $40 million for fiscal 2024. Furthermore, Symbotic lowered its fiscal 2025 revenue and adjusted EBITDA guidance by 3.0% and 51.7%, respectively. Pre-market trading for Symbotic on November 27, 2024 indicates Symbotic’s stock price will open down over 31% to $25.34 per share. Investors who lost over $25,000 trading in Symbotic common stock and who would like to discuss the investigation should contact Adam Savett at (212) 451-9655, or asavett@wolfpopper.com. Wolf Popper has successfully recovered billions of dollars for defrauded investors. Wolf Popper’s reputation and expertise have been repeatedly recognized by courts that have appointed the firm to major positions in securities litigation. For more information about Wolf Popper, please visit the Firm’s website at www.wolfpopper.com. Attorney Advertising: Prior Results Do Not Guarantee a Similar Outcome. Wolf Popper LLP Adam Savett 845 Third Avenue New York, NY 10022 Tel.: (212) 451-9655 Email: asavett@wolfpopper.com
Tafara Gapare scored a season-high 19 points off the bench and Derik Queen added 15 points and eight rebounds, lifting Maryland to a 91-67 victory over Bucknell on Wednesday in College Park, Md. Gapare made 7 of 9 shots from the floor -- including 3 of 4 from 3-point range. He highlighted his performance by unleashing a personal 10-point run in the second half to help send the Terrapins (6-1) to their third straight win. Gapare, who made one 3-pointer prior to Wednesday's game, was limited to just three minutes and was held without a point in Maryland's 76-75 victory versus Villanova on Sunday. Julian Reese scored 14 points for the Terrapins, who shot a robust 50.0 percent from the floor and scored 22 points off 20 turnovers. Selton Miguel drained three 3-pointers to score all 13 of his points in the first half. That effort came three days after being held without a point versus Villanova. Bucknell's Ruot Bijiek sank four 3-pointers to highlight his 20-point performance. Josh Bascoe scored 10 points and Brandon McCreesh added nine off the bench for the Bison (4-4), who lost two in a row for the second time this season. Maryland answered Bijiek's layup by scoring 12 straight points to take a 15-2 lead. Miguel keyed the spurt by draining two 3-pointers and a jumper. Bucknell tried to keep pace and trailed 25-12 after McCreesh's layup, but the Terrapins kept their foot on the gas to steadily build a 25-point lead late in the first half. The Bison made a modest charge to begin the second half, trimming the deficit to 16 at 58-42 on Bijiek's fourth 3-pointer of the game. Gapare singlehandedly halted the momentum by sandwiching 3-pointers around a layup and an emphatic dunk over the next five possessions. Reese sank a pair of free throws to cap the 12-0 run, extending Maryland's lead to 70-42 with 11:39 to play. The Terrapins were not threatened the rest of the way. --Field Level MediaNone
Regency Centers Co. (NASDAQ:REGCO) Short Interest UpdateInter-division hockey tournament kicks offNone
With two days left before Nova Scotians elect their next government, polls suggest Progressive Conservative Leader Tim Houston's decision to call an early vote will pay off and the real battle will be between the Liberals and NDP for second place. The Progressive Conservatives are seeking a second consecutive mandate Tuesday after sweeping the Liberals from power in August 2021. Tory Leader Tim Houston called the snap election on Oct. 27 citing the need for a fresh mandate and ignoring his government's election law, which for the first time in Nova Scotia set a fixed election date -- July 15, 2025. In a recent interview, Alex Marland, a political scientist at Acadia University, said the final result is shaping up to be what Houston hoped for when he called the election. Marland said several factors were at play in Houston's political calculus to go early. "He was ahead in the polls and there was the lack of public attention or excitement or enthusiasm for an election coming against the backdrop of all the attention paid to the U.S. election, and of course there were (Nova Scotia) municipal elections," said Marland. "The fact it was a snap election caught the other parties off guard and made it harder for them to organize." He said the result has been an absence of "interest, anger or motivation" on the part of the electorate. "I think that ultimately benefits the Progressive Conservatives," said Marland. A Narrative Research poll released Wednesday put the Tories comfortably ahead with 44 per cent support. The NDP were second at 28 per cent and the Liberals third with 24 per cent. The survey of 800 adult Nova Scotians between Nov. 4 and 17 is considered accurate within 3.5 percentage points, 95 times out of 100. Tom Urbaniak, of Cape Breton University, said the campaign has been "maybe the quietest I've seen in Nova Scotia." "It just feels less intense on the ground," Urbaniak said. "There are fewer signs and less literature going to doors, and there appears to be less conversation in coffee shops." He said the lack of a longer ramp-up to the fixed date has also contributed to a general lack of attention, and the 30-day campaign is the shortest allowed by law. "So that was also a factor." Issues such as the cost of living, a lack of affordable housing and the province's ailing health-care system were prominent in the campaign, but no single issue dominated in the way the Progressive Conservatives managed to make health care the main issue in 2021. Marland said what the polls suggest is that the Progressive Conservatives should "steamroll" through many rural areas outside of Halifax. "Within the Halifax area they are in much tighter competition with the NDP and that's a real problem for the Liberals because it suggests that the Liberals aren't competitive anywhere," he said. "So the real issue here is how much of the Liberal vote will hold?" Urbaniak said NDP Leader Claudia Chender has emerged as a solid campaigner with strong debate performances that have helped to boost her profile in her first election as leader. With advance polling numbers pointing toward a possible low voter turnout on Tuesday, Urbaniak believes the battle between the Liberals and NDP will hinge on who can get out the most voters in ridings where they are competitive. "It (the result) will favour whoever has strong mobilization on the ground," he said. Liberal Leader Zach Churchill agrees. "We've got to get people out to vote," Churchill said, while pointing out that Elections Nova Scotia have not sent out voter information cards because of the postal strike. "A lot of people do not know where they are voting, so it puts a lot more pressure on candidates, on their volunteers and the central campaign team to inform people," he said Friday. Churchill said he's proud of the campaign his party has run. "You only control what you can control. We put a lot of effort into building the right plan for this province and we are running a campaign that's built around ideas," he said. Chender believes her party's message has been getting through as the result of hard work on the ground. "We've criss-crossed the province in the last 24 hours and we are going to keep visiting as many candidates in communities as we can until election day," she said Friday. She also believes getting out the vote will be critical at a time of year when people are not necessarily focused on politics. "For us as New Democrats, it's one door at a time, giving people that information about where to go vote," she said. Houston, meanwhile, expressed confidence that his campaign has reached enough Nova Scotians to deliver his party a second term in government. "There's work to be done, but on balance I think Nova Scotians recognize the effort," he said Friday. "I'm optimistic for sure, but we'll spend the next few days continuing to work hard and getting around the province." At dissolution, the Progressive Conservatives held 34 seats in the 55-seat legislature and the Liberals held 14 seats, while the NDP had six and there was one Independent. This report by The Canadian Press was first published Nov. 24, 2024. For more Nova Scotia news visit our dedicated provincial page .
Interview: Maria Bakalova finds ‘Triumph’ in the craft of actingA widely expected increase in the October Personal Consumption Expenditures (PCE) price index — commonly regarded as the Federal Reserve's preferred inflation gauge — triggered fresh losses for the U.S. dollar, while Treasury yields and U.S. stocks also slid in tandem. By 11:10 a.m. ET in New York, the U.S. Dollar Index (DXY), tracked by the Invesco DB USD Index Bullish Fund ETF UUP , was down 0.8%, reflecting broad weakness in the greenback. Meanwhile, 10-year Treasury yields fell by five basis points to 4.26%, and the S&P 500, replicated by the SPDR S&P 500 ETF Trust SPY , dropped 0.4%. Tech stocks were hit harder, with the Nasdaq 100 — tracked by the Invesco QQQ Trust, Series 1 QQQ — plunging 1.3%. The headline PCE price index rose by 2.3% year-over-year in October, up from 2.1% in September, in line with forecasts. Core PCE inflation, which strips out volatile energy and food prices, also ticked higher, climbing from 2.7% to 2.8% annually, meeting economist predictions. In a positive twist, personal spending and income data slightly beat expectations. Meanwhile, the second estimate for third-quarter U.S. GDP growth remained unchanged at a solid 2.8% annualized rate. Joseph Brusuelas , economist at RSM US, highlighted the strength of household finances ahead of the critical holiday shopping season. “Strong personal spending and a 0.6% increase in personal income underscores just how robust the economy and households remain as we approach Black Friday and year-end 2024,” Brusuelas said. Despite inflationary signals, Brusuelas maintains that the Federal Reserve is likely to lower interest rates by 25 basis points during its Dec. 18 meeting. Market-implied probabilities echoed this sentiment, with a 70% chance of a rate cut priced into futures markets. Yet, while U.S. economic data took center stage, Wednesday's market action appeared more influenced by carry-trade unwinding and growing speculation around a potential Bank of Japan (BOJ) interest rate hike in December. The Japanese yen jumped 1.2% against the dollar, extending its winning streak to three consecutive sessions. Such a strong daily move by the yen certainly strides with statistics revealing an October U.S. inflation uptick. “Investors are betting on an interest-rate hike from the Bank of Japan next month,” noted BBVA forex strategist Alejandro Cuadrado in a client note on Tuesday. The interest rate futures curve now implies a 65% probability of a BOJ rate hike in December, compared to just 30% at the start of November . The yen's Wednesday outperformance has revived memories of the carry-trade turmoil from early August, when a sudden shift in yen-dollar dynamics sent shockwaves across global markets. Since that episode, the yen had depreciated by over 5% against the dollar, weighed down further by the victory of Donald Trump in the 2024 U.S. presidential elections. Read Now: Amazon Dominates Holiday Shopping As Black Friday Spending Soars: Goldman Sachs Photo: Pixabay © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
VADUZ , Liechtenstein , Nov. 27, 2024 /PRNewswire/ -- xMoney Global , the global, inter-bank and cross crypto /fiat integrated payments platform has appointed award-winning economist Dr. Greg Siourounis as Co-Founder and CEO. The company is a Mastercard principal member, with strategic European licenses, such as e-Money and VASP. As the digital landscape continues to evolve with the coming MiCA regulation, xMoney Global intends to lead Europe into this new transformative EU regulated stablecoin era. Greg Siourounis will lead the integration of xMoney's advanced blockchain-enabled payments infrastructure with its upcoming stablecoin program. Stablecoins are a key driver of blockchain adoption in today's market, now surpassing Bitcoin , remittances, and PayPal in annual transaction volume. As such, xMoney's Global reputation positions it to bridge Web3 innovation with traditional finance, leading Europe into a new transformative EU regulated stablecoin era. Dr. Greg, who has played a pioneering role in the growth of Sui Foundation as its former Managing Director and who previously founded Everypay, will drive xMoney Global's next wave of growth. Beyond the standard reference of his academic work in 2024's Nobel Prize in Economics , Dr. Greg's career is also decorated with awards such as the 2005 Young Economist Award from The European Economic Association and the 2008 Austin Robinson Prize from The Royal Economic Society. His immediate target will be to focus on partnerships, regulatory alignment and market expansion, as xMoney Global looks to build a comprehensive payments platform that bridges legacy financial systems with the potential of decentralized finance. Commenting on his appointment, Dr. Greg Siourounis , CEO of xMoney Global , said, "As Europe prepares to embrace MiCA regulation, xMoney Global is positioned to redefine what compliant, secure, and seamless digital payments can be. Our goal is to deliver a solid and trusted ecosystem that combines the strengths of traditional finance with the flexibility of blockchain technology to create a future-ready payment experience." Beniamin Mincu , Co-founder of MultiversX , said, "xMoney Global's mission aligns perfectly with the vision of MultiversX to bring scalable and secure blockchain solutions to mainstream finance. This appointment marks a significant step toward building a more inclusive and resilient financial system." The launch of xMoney Global aims to offer a next-gen blockchain-as-a-service module backed by its native stablecoin , with key white-labeled services including acquiring, issuing, onramps/offramps and a sticky loyalty program, all backed by MultiversX's state-of-the-art sharding technology. Following the surge in crypto markets after Trump's pro- crypto Presidential win, xMoney will be ideally placed to accelerate real-world adoption as the easiest way for everyone (consumers, retail and e-commerce) to seamlessly access fiat and crypto currencies in an app, card or payment gateway. About xMoney Global: xMoney Global is a pioneering payments company and a Mastercard principal member with strategic European licenses, such as e-Money and VASP. xMoney Global aims to offer a seamless, secure, and future-focused payments ecosystem combining unique product focus, cutting-edge technology and strong compliance. Discover more at https://www.xmoney.com/ Media Contact: Essam Ali , essam@lunapr.io Luna PR Photo - https://mma.prnewswire.com/media/2568826/xMoney_Global.jpg View original content to download multimedia: https://www.prnewswire.com/news-releases/former-md-of-sui-foundation-greg-siourounis-joins-xmoney-global-as-co-founder-and-ceo-to-build-mica-regulated-stablecoin-platform-302317744.html SOURCE xMoney GlobalInterview: Maria Bakalova finds ‘Triumph’ in the craft of actingThe American Athletic Conference is the only Football Bowl Subdivision league whose championship game matchup is set: Army vs. Tulane. The final week of the regular season will determine pairings for the other eight conferences. Here’s a look at the possible matchups in the Power Four and Group of Five. All championship games are Dec. 7 except in the AAC, Conference USA and Mountain West, which will be played Dec. 6. ACC at Charlotte, North Carolina SMU vs. Miami or Clemson. Miami is in if it beats Syracuse. Clemson is in if Miami loses. Big Ten at Indianapolis Oregon vs. Ohio State, Penn State or Indiana. Ohio State is in if it beats Michigan or if Penn State and Indiana lose this week. Penn State is in if it beats Maryland and Ohio State loses. Indiana is in if it beats Purdue and Ohio State and Penn State lose. Big 12 at Arlington, Texas Arizona State vs. Iowa State if both win this week. Multiple scenarios including BYU, Colorado and other teams exist otherwise. SEC at Atlanta Georgia vs. winner of Texas-Texas A&M game. American Athletic at TBD Army vs. Tulane. Conference USA at Jacksonville, Florida Jacksonville State vs. Liberty, Western Kentucky or Sam Houston. Liberty is in with a win over Sam Houston. WKU is in with a win over Jacksonville State and a Liberty loss. Sam Houston is in with a win over Liberty and a Jacksonville State win. Mid-American at Detroit Miami, Bowling Green and Ohio are tied for first place and control their destinies. Miami-Bowling Green winner is in, as is Ohio if it beats Ball State. Other scenarios exist that include those teams and Buffalo. Mountain West at Boise, Idaho Boise State vs. UNLV or Colorado State. If UNLV and CSU both win or lose their final regular-season games, the tie would be broken by either College Football Playoff rankings or results-based computer metrics. Sun Belt at TBD Louisiana-Lafayette at Marshall if both win their games this week. Other scenarios exist if one or both lose. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up . AP college football: and
Some quotations from Jimmy Carter . We have a tendency to exalt ourselves and to dwell on the weaknesses and mistakes of others. I have come to realize that in every person there is something fine and pure and noble, along with a desire for self-fulfillment. Political and religious leaders must attempt to provide a society within which these human attributes can be nurtured and enhanced. — from 1975 book “Why Not the Best?” Our government can express the highest common ideals of human beings — if we demand of government true standards of excellence. At this Bicentennial time of introspection and concern, we must demand such standards. — “Why Not the Best?” I am a Southerner and an American, I am a farmer, an engineer, a father and husband, a Christian, a politician and former governor, a planner, a businessman, a nuclear physicist, a naval officer, a canoeist, and among other things a lover of Bob Dylan’s songs and Dylan Thomas’s poetry. — “Why Not the Best?” Christ said, “I tell you that anyone who looks on a woman with lust has in his heart already committed adultery.” I’ve looked on a lot of women with lust. I’ve committed adultery in my heart many times. This is something that God recognizes I will do — and I have done it — and God forgives me for it. But that doesn’t mean that I condemn someone who not only looks on a woman with lust but who leaves his wife and shacks up with somebody out of wedlock. — Interview, November 1976 Playboy. This inauguration ceremony marks a new beginning, a new dedication within our Government, and a new spirit among us all. A President may sense and proclaim that new spirit, but only a people can provide it. — Inaugural address, January 1977. It’s clear that the true problems of our nation are much deeper — deeper than gasoline lines or energy shortages, deeper even than inflation and recession. ... All the legislation in the world can’t fix what’s wrong with America. ... It is a crisis of confidence. — So-called “malaise” speech, July 1979. But we know that democracy is always an unfinished creation. Each generation must renew its foundations. Each generation must rediscover the meaning of this hallowed vision in the light of its own modern challenges. For this generation, ours, life is nuclear survival; liberty is human rights; the pursuit of happiness is a planet whose resources are devoted to the physical and spiritual nourishment of its inhabitants. — Farewell Address, January 1981. We appreciate the past. We are grateful for the present and we’re looking forward to the future with great anticipation and commitment. — October 1986, at the dedication of the Carter Presidential Library and Museum. War may sometimes be a necessary evil. But no matter how necessary, it is always an evil, never a good. We will not learn to live together in peace by killing each other’s children. — December 2002, Nobel Peace Prize acceptance speech. Fundamentalists have become increasingly influential in both religion and government, and have managed to change the nuances and subtleties of historic debate into black-and-white rigidities and the personal derogation of those who dare to disagree. ... The influence of these various trends poses a threat to many of our nation’s historic customs and moral commitments, both in government and in houses of worship. — From 2005 book “Our Endangered Values.” I think that this breakthrough by Barack Obama has been remarkable. When he made his speech (on race) a few months ago in Philadelphia, I wept. I sat in front of the television and cried, because I saw that as the most enlightening and transforming analysis of racism and a potential end of it that I ever saw in my life. — August 2008, commenting on then-Sen. Barack Obama’s candidacy. I think it’s based on racism. There is an inherent feeling among many in this country that an African-American should not be president. ... No matter who he is or how much we disagree with his policies, the president should be treated with respect. — September 2009, reacting to Rep. Joe Wilson’s shout of “You lie!” during a speech to Congress by President Barack Obama. I’m still determined to outlive the last guinea worm. — 2010, on The Carter Center’s work to eradicate guinea worm disease. You know how much I raised to run against Gerald Ford? Zero. You know how much I raised to run against Ronald Reagan? Zero. You know how much will be raised this year by all presidential, Senate and House campaigns? $6 billion. That’s 6,000 millions. — September 2012, reacting to the 2010 “Citizens United” U.S. Supreme Court decision permitting unlimited third-party political spending. I have become convinced that the most serious and unaddressed worldwide challenge is the deprivation and abuse of women and girls, largely caused by a false interpretation of carefully selected religious texts and a growing tolerance of violence and warfare, unfortunately following the example set during my lifetime by the United States. — From 2014 book “A Call to Action.” I don’t think there’s any doubt now that the NSA or other agencies monitor or record almost every telephone call made in the United States, including cellphones, and I presume email as well. We’ve gone a long way down the road of violating Americans’ basic civil rights, as far as privacy is concerned. — March 2014, commenting on U.S. intelligence monitoring after the Sept. 11, 2001, terror attacks We accept self-congratulations about the wonderful 50th anniversary - which is wonderful - but we feel like Lyndon Johnson did it and we don’t have to do anything anymore. — April 2014, commenting on racial inequality during a celebration of the Civil Rights Act’s 40th anniversary. I had a very challenging question at Emory (University) the other night: “How would you describe the United States of America today in one word?” And I didn’t know what to say for a few moments, but I finally said, “Searching.” I think the country in which we live is still searching for what it ought to be, and what it can be, and I’m not sure we’re making much progress right at this moment. — October 2014 during a celebration of his 90th birthday. The life we have now is the best of all. We have an expanding and harmonious family, a rich life in our church and the Plains community, and a diversity of projects at The Carter Center that is adventurous and exciting. Rosalynn and I have visited more than 145 countries, and both of us are as active as we have ever been. We are blessed with good health and look to the future with eagerness and confidence, but are prepared for inevitable adversity when it comes. — From 2015 book, “A Full Life.”
Final regular-season games loom large in determining conference championship matchups
Maryland bullies Bucknell to secure third straight winThe Fairbanks fentanyl problem: A crisis that isn't slowing
