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Some tech industry leaders are pushing the incoming Trump administration to increase visas for highly skilled workers from other nations. Related Articles National Politics | Trump threat to immigrant health care tempered by economic hopes National Politics | In states that ban abortion, social safety net programs often fail families National Politics | Trump vows to pursue executions after Biden commutes most of federal death row National Politics | Elon Muskâs preschool is the next step in his anti-woke education dreams National Politics | Trumpâs picks for top health jobs not just team of rivals but âteam of opponentsâ The heart of the argument is, for America to remain competitive, the country needs to expand the number of skilled visas it gives out. The previous Trump administration did not increase the skilled visa program, instead clamping down on visas for students and educated workers, increasing denial rates. Not everyone in corporate America thinks the skilled worker program is great. Former workers at IT company Cognizant recently won a federal class-action lawsuit that said the company favored Indian employees over Americans from 2013 to 2022. A Bloomberg investigation found Cognizant, and other similar outsourcing companies, mainly used its skilled work visas for lower-level positions. Workers alleged Cognizant preferred Indian workers because they could be paid less and were more willing to accept inconvenient or less-favorable assignments. Question: Should the U.S. increase immigration levels for highly skilled workers? Economists Caroline Freund, UC San Diego School of Global Policy and Strategy YES: Innovation is our superpower and it relies on people. Sourcing talent from 8 billion people in the world instead of 330 million here makes sense. Nearly half our Fortune 500 companies were founded by immigrants or their children. Growing them also relies on expanding our skilled workforce. The cap on skilled-worker visas has hardly changed since the computer age started. With AI on the horizon, attracting and building talent is more important than ever. Kelly Cunningham, San Diego Institute for Economic Research YES: After years of openly allowing millions of undocumented entrants into the country, why is there controversy over legally increasing somewhat the number having desirable skills? Undocumented immigration significantly impacts lower skill level jobs and wages competing with domestic workers at every skill level. Why should special cases be made against those having higher skills? Could they just not walk across the border anyway, why make it more inconvenient to those with desirable skills? James Hamilton, UC San Diego YES: Knowledge and technology are key drivers of the U.S. economy. Students come from all over the world to learn at U.S. universities, and their spending contributed $50 billion to U.S. exports last year. Technological advantage is what keeps us ahead of the rest of the world. Highly skilled immigrants contribute much more in taxes than they receive in public benefits. The skills immigrants bring to America can make us all better off. Norm Miller, University of San Diego YES: According to Forbes, the majority of billion-dollar startups were founded by foreigners. Iâve interviewed dozens of data analysts and programmers from Berkeley, UCSD, USD and a few other schools and 75% of them are foreign. There simply are not enough American graduates to fill the AI and data mining related jobs now exploding in the U.S. If we wish to remain a competitive economy, we need highly skilled and bright immigrants to come here and stay. David Ely, San Diego State University YES: Being able to employ highly skilled workers from a larger pool of candidates would strengthen the competitiveness of U.S. companies by increasing their capacity to perform research and innovate. This would boost the countryâs economic output. Skilled workers from other nations that cannot remain in the U.S. will find jobs working for foreign rivals. The demand for H-1B visas far exceeds the current cap of 85,000, demonstrating a need to modify this program. Executives Phil Blair, Manpower YES: Every country needs skilled workers, at all levels, to grow its economy. We should take advantage of the opportunity these workers provide our employers who need these skills. It should be blended into our immigration policies allowing for both short and long term visas. Gary London, London Moeder Advisors YES: San Diego is a premiere example of how highly skilled workers from around the globe enrich a community and its regional economy. Of course Visa levels need to be increased. But letâs go further. Tie visas and immigration with a provision that those who are admitted and educated at a U.S. university be incentivized, or even required, to be employed in the U.S. in exchange for their admittance. Bob Rauch, R.A. Rauch & Associates NO: While attracting high-skilled immigrants can fill critical gaps in sectors like technology, health care and advanced manufacturing, increasing high-skilled immigration could displace American workers and drive down wages in certain industries. There are already many qualified American workers available for some of these jobs. We should balance the need for specialized skills with the impact on the domestic workforce. I believe we can begin to increase the number of visas after a careful review of abuse. Austin Neudecker, Weave Growth YES: We should expand skilled visas to drive innovation and economic growth. Individuals who perform high-skilled work in labor-restricted industries or graduate from respected colleges with relevant degrees should be prioritized for naturalization. We depend on immigration for GDP growth, tax revenue, research, and so much more. Despite the abhorrent rhetoric and curtailing of visas in the first term, I hope the incoming administration can be persuaded to enact positive changes to a clearly flawed system. Chris Van Gorder, Scripps Health YES: But it should be based upon need, not politics. There are several industries that have or could have skilled workforce shortages, especially if the next administration tightens immigration as promised and expected. Over the years, there have been nursing shortages that have been met partially by trained and skilled nurses from other countries. The physician shortage is expected to get worse in the years to come. So, this visa program may very well be needed. Jamie Moraga, Franklin Revere NO: While skilled immigration could boost our economy and competitiveness, the U.S. should prioritize developing our domestic workforce. Hiring foreign nationals in sensitive industries or government-related work, especially in advanced technology or defense, raises security concerns. A balanced approach could involve targeted increases in non-sensitive high-demand fields coupled with investment in domestic STEM education and training programs. This could address immediate needs while strengthening the long-term STEM capabilities of the American workforce. Not participating this week: Alan Gin, University of San DiegoHaney Hong, San Diego County Taxpayers AssociationRay Major, economist Have an idea for an Econometer question? Email me at phillip.molnar@sduniontribune.com . Follow me on Threads: @phillip020By RANDALL CHASE, Associated Press DOVER, Del. (AP) â A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Muskâs multibillion-dollar pay package Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Teslaâs corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. McCormick also rejected an equally unprecedented and massive fee request by plaintiff attorneys , who argued that they were entitled to legal fees in the form of Tesla stock valued at more than $5 billion. The judge said the attorneys were entitled to a fee award of $345 million. The rulings came in a lawsuit filed by a Tesla stockholder who challenged Muskâs 2018 compensation package. McCormick concluded in January that Musk engineered the landmark pay package in sham negotiations with directors who were not independent. The compensation package initially carried a potential maximum value of about $56 billion, but that sum has fluctuated over the years based on Teslaâs stock price.
After a 2024 WNBA season that saw unprecedented interest , the 2025 season is locked and loaded. Editor's Picks Which WNBA players might hear their name called in the Valkyries' expansion draft? 10d Kevin Pelton The W announced its 2025 regular season on Monday that will begin on Friday, May 16, and conclude on Thursday, Sept. 11. The new season will introduce many new additions, including the debut of the WNBA's expansion team, the Golden State Valkyries . The season will also include 44-games, with each team playing 22 home and away games each. Golden State will play in its inaugural game against the Los Angeles Sparks , followed by the 2024 WNBA Finals runner-up Minnesota Lynx taking on the Dallas Wings , who are expected to land UConn Huskies guard Paige Bueckers as the No. 1 pick in the 2025 WNBA draft. Opening night in the WNBA will conclude with the Atlanta Dream facing the Washington Mystics . Each team revealed its 2025 schedules on social media Monday, doing so in comedic manner, respectively. Here are the schedule releases of each WNBA team. Atlanta Dream Welcome to the cookout! đ
°ď¸ #DoItForTheDream pic.twitter.com/L8dgyUNlJ0 Chicago Sky Suspect's schedule just released and hopes we can all take a joke đ Can't wait to see you in 2025! #Skytown pic.twitter.com/Dh7aPtpD3M Connecticut Sun The Connecticut Sun 2025 Season Forecast #BringTheHeat | #CTSun pic.twitter.com/0Wq44G89SM Dallas Wings We got our schedule, let's try it & rate it 1-10 đ pic.twitter.com/SSISOTud1y Golden State Valkyries Valkyries fans, mark your calendars! đď¸ Our 2025 schedule is here and we can't wait to tip off our inaugural season. Let's take flight, together. #JointheAscent @aboutKP | 2025 Season pic.twitter.com/ICQCYNE5MV Indiana Fever mascot pictionary: schedule release edition đ¨ Lil Freddy & @FreddyFever take turns drawing opposing @WNBA team logos in less than 30 seconds 𤣠which drawing is the best? see our full season schedule presented by @lacroixwater at https://t.co/S4bgyUpubH . pic.twitter.com/SXVEEGQlSg Las Vegas Aces 2025 SCHEDULE đ¤ #ALLINLV pic.twitter.com/4p9slE6drX Los Angeles Sparks . @WNBA schedule just dropped?! Music to our ears. đś Full schedule: https://t.co/SIIj7aVUHk pic.twitter.com/jqAQylN4pb Minnesota Lynx new wrapped just dropped pic.twitter.com/JWNmyiSdvS New York Liberty elLIE Detector Test đ§đ Coming at you live with our 2025 Schedule presented by @Ticketmaster !!! đď¸ https://t.co/AaRx2N9h2J pic.twitter.com/20Q4DuwnHz Phoenix Mercury When we say we're a family around here, we mean the kind of family that goes to that department store to take pictures for the holiday card. You know the ones. With that being said, the 2025 schedule is here! pic.twitter.com/fFS4n1zvyM Seattle Storm This season's going to be a movie đŹđż pic.twitter.com/o3qyDyRyPE Washington Mystics DMV, STAND UP! đ IT'S TIME! OUR 2025 SCHEDULE IS HERE đ¤ pic.twitter.com/3vWjh2g1pw
The champions crashed to a fifth straight defeat in all competitions â something not experienced by the club in more than 18 years â as they were thrashed 4-0 by Tottenham at the Etihad Stadium on Saturday. The loss, which was also a third in succession in the Premier League and shattered a 52-game unbeaten home run, damaged the clubâs hopes of winning an unprecedented fifth title in a row. It is the worst run of Guardiolaâs glittering managerial career and the City boss, who extended his contract until 2027 last week, is determined to turn the situation around. The Catalan said: âWhen we start to lose I say to the people I have to find a way, I have to. Itâs my duty, my responsibility, to find a way to be more consistent, that our game will be better and win games. âThis is what we have to do.â City have been hampered by injuries to key players in recent weeks, particularly by the absence of Ballon dâOr-winning midfielder Rodri, who has been sidelined for the remainder of the season. Problems have emerged at both ends of the field with a lack of clean sheets â just five in 19 outings this term â and a shortage of goals being scored on occasions, like Saturday, when the prolific Erling Haaland has an off-day. Guardiola said: âWe donât expect to lose important players but itâs happened and you have to find a way. We have to find other abilities. âI donât think we didnât create enough chances. We created a lot of chances, clear ones at 0-0, 0-1, 0-2. âOf course we want a lot of players to score but itâs happened now. âI know at the Etihad when we are there and we score goals our momentum is there, but now we are not solid enough. That is the truth. âIn both sides normally we are solid but we concede the goals. Now in both sides we are not good enough. âIn these situations, what do you have do to? Keep going my friends, keep going. âWe have done it in the past â not in terms of results being as bad as now â but we have done it and we face the situation and move forward.âAn online debate over foreign workers in tech shows tensions in Trump's political coalitionBy ROB GILLIES, Associated Press TORONTO (AP) â Prime Minister Justin Trudeau told Donald Trump that Americans would also suffer if the president-elect follows through on a plan to impose sweeping tariffs on Canadian products , a Canadian minister who attended their recent dinner said Monday. Trump threatened to impose tariffs on products from Canada and Mexico if they donât stop what he called the flow of drugs and migrants across their borders with the United States. He said on social media last week that he would impose a 25% tax on all products entering the U.S. from Canada and Mexico as one of his first executive orders. Canadian Public Safety Minister Dominic LeBlanc, whose responsibilities include border security, attended a dinner with Trump and Trudeau at Trumpâs Mar-a-Lago club on Friday. Trudeau requested the meeting in a bid to avoid the tariffs by convincing Trump that the northern border is nothing like the U.S. southern border with Mexico . âThe prime minister of course spoke about the importance of protecting the Canadian economy and Canadian workers from tariffs, but we also discussed with our American friends the negative impact that those tariffs could have on their economy, on affordability in the United States as well,â LeBlanc said in Parliament. If Trump makes good on his threat to slap 25% tariffs on everything imported from Mexico and Canada, the price increases that could follow will collide with his campaign promise to give American families a break from inflation. Economists say companies would have little choice but to pass along the added costs, dramatically raising prices for food, clothing, automobiles, alcohol and other goods. The Produce Distributors Association, a Washington trade group, said last week that tariffs will raise prices for fresh fruit and vegetables and hurt U.S. farmers when the countries retaliate. Canada is already examining possible retaliatory tariffs on certain items from the U.S. should Trump follow through on the threat. After his dinner with Trump, Trudeau returned home without assurances the president-elect will back away from threatened tariffs on all products from the major American trading partner. Trump called the talks âproductiveâ but signaled no retreat from a pledge that Canada says unfairly lumps it in with Mexico over the flow of drugs and migrants into the United States. âThe idea that we came back empty handed is completely false,â LeBlanc said. âWe had a very productive discussion with Mr. Trump and his future Cabinet secretaries. ... The commitment from Mr. Trump to continue to work with us was far from empty handed.â Joining Trump and Trudeau at dinner were Howard Lutnick, Trumpâs nominee for commerce secretary, North Dakota Gov. Doug Burgum, Trumpâs pick to lead the Interior Department, and Mike Waltz, Trumpâs choice to be his national security adviser. Canadaâs ambassador to the U.S., Kirsten Hillman, told The Associated Press on Sunday that âthe message that our border is so vastly different than the Mexican border was really understood.â Hillman, who sat at an adjacent table to Trudeau and Trump, said Canada is not the problem when it comes to drugs and migrants. On Monday, Mexicoâs president rejected those comments. âMexico must be respected, especially by its trading partners,â President Claudia Sheinbaum said. She said Canada had its own problems with fentanyl consumption and âcould only wish they had the cultural riches Mexico has.â Related Articles Flows of migrants and seizures of drugs at the two countriesâ border are vastly different. U.S. customs agents seized 43 pounds of fentanyl at the Canadian border during the last fiscal year, compared with 21,100 pounds at the Mexican border. Most of the fentanyl reaching the U.S. â where it causes about 70,000 overdose deaths annually â is made by Mexican drug cartels using precursor chemicals smuggled from Asia. On immigration, the U.S. Border Patrol reported 1.53 million encounters with migrants at the southwest border with Mexico between October 2023 and September 2024. That compares to 23,721 encounters at the Canadian border during that time. Canada is the top export destination for 36 U.S. states. Nearly $3.6 billion Canadian (US$2.7 billion) worth of goods and services cross the border each day. About 60% of U.S. crude oil imports are from Canada, and 85% of U.S. electricity imports as well. Canada is also the largest foreign supplier of steel, aluminum and uranium to the U.S. and has 34 critical minerals and metals that the Pentagon is eager for and investing for national security.
NEW YORK , Dec. 2, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global wine e-commerce market size is estimated to grow by USD 15.18 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 9.46% during the forecast period. Increasing preference for online shopping is driving market growth, with a trend towards increase in purchases of alcoholic beverages by minors. However, complex regulatory environment poses a challenge. Key market players include Bright Cellars Inc., Costco Wholesale Corp., DRINKS Insiders LLC, E vino Comercio de Vinhos SA, Flaviar Inc., Fratelli Wines Pvt. Ltd., Gifts Inc., GoBrands Inc., IBEROWINE GOURMET S.C., Living Liquidz, Naked Wines plc, RESERVEBAR HOLDINGS CORP., Retail Services and Systems Inc., SNAP41 Inc., The Wine Emporium, Uber Technologies Inc., VINELLO retail GmbH, Vintage Wine Estates Inc., Vivino Inc., and Wine Inc.. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth The global wine e-commerce market faces a substantial challenge with underage purchases of alcoholic beverages, which can negatively impact market growth. According to the International Alliance for Responsible Drinking, underage drinking is a major public health concern, affecting over 200 million youth globally and costing the economy over USD400 billion annually. In the US, around 30% of online wine retailers lack age verification procedures. To mitigate this risk, wine sellers and retailers are implementing age verification software and third-party services. However, these solutions can be costly, making it a significant challenge for smaller producers and retailers. Therefore, addressing underage purchases is crucial for the growth of the global wine e-commerce market. The wine e-commerce market is experiencing significant growth, with increasing numbers of consumers choosing online platforms for their wine purchases. Commerces are providing a wide range of wines, from local to international brands, making it convenient for consumers. The trend of alcohol delivery services has also contributed to the growth of this market. Consumers can now order wines online and have them delivered to their doorstep. Additionally, the use of technology such as virtual tastings and personalized recommendations has made the wine buying experience more engaging and enjoyable for consumers. The convenience, variety, and innovative features offered by wine e-commerce platforms make them a popular choice for wine lovers. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges The global wine e-commerce market faces regulatory challenges due to varying laws and regulations in different jurisdictions. In the US, each state sets its own rules for wine sales and shipment, creating a complex marketplace. The ongoing trade dispute between the US and EU over tariffs on steel and aluminum has led to US tariffs on European wines, impacting imports and causing logistical challenges for the wine industry. These regulations restrict wine transportation and add complexity to the e-commerce market, potentially hindering its growth. The wine e-commerce market faces several challenges in providing a seamless experience for customers. These include complexities in shipping and delivery, particularly with perishable items. Regulations and differing laws in various regions add complexity. Customer preferences for specific types and vintages require extensive inventory management. Security of transactions and customer data is a major concern. Additionally, competition is fierce, requiring effective marketing and competitive pricing strategies. Logistics and technology are key areas for improvement, with the need for efficient supply chain management and user-friendly websites. Overall, the wine e-commerce industry requires a strategic approach to overcome these challenges and provide a satisfying shopping experience. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This wine e-commerce market report extensively covers market segmentation by 1.1 Still wine 1.2 Sparkling wine 1.3 Fortified wine 2.1 Red wine 2.2 White wine 2.3 Rose wine 3.1 Europe 3.2 North America 3.3 APAC 3.4 South America 3.5 Middle East and Africa 1.1 Still wine- The still wine segment dominates the global wine e-commerce market, accounting for the majority of online wine sales. This segment caters to various consumer preferences, offering a wide range of wines from diverse regions and grape varieties. E-commerce platforms provide consumers with convenient access to a vast selection of still wines, including premium and high-end options. Subscription services enable personalized wine deliveries and expand consumers' wine knowledge. The preference for premium still wines is driving the growth of the global wine e-commerce market. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis The Wine E-commerce Market represents a significant segment of the global alcoholic beverages industry, catering to the convenience needs of consumers in the digital age. E-commerce platforms enable the selection and home delivery of wines, reaching an expanding base of shoppers worldwide. The market encompasses various stakeholders, including wine sellers and retailers, who leverage internet penetration to expand their customer base. Online auctions provide collectors and enthusiasts with unique opportunities to purchase rare and premium wines. However, the online sales process raises concerns regarding underage purchases, a public health issue that necessitates age verification software. The complex regulatory environment, characterized by a patchwork of different sale and distribution jurisdictions, adds to the challenges faced by market participants. Market Research Overview The Wine e-commerce market is a thriving sector in the digital economy, offering consumers the convenience of purchasing their favorite wines online. This market caters to various segments, including red, white, rose, and sparkling wines, as well as organic and biodynamic options. E-commerce platforms provide extensive information on wine varieties, regions, and producers, enabling customers to make informed decisions. Shops offer various delivery options, including next-day and same-day delivery, ensuring a seamless shopping experience. Selection is a crucial factor, with many stores offering a wide range of wines from around the world. Additionally, features like wine recommendations based on past purchases and ratings, as well as educational content, add value to the customer journey. Overall, the Wine e-commerce market is a dynamic and competitive space, driven by consumer demand for convenience, variety, and knowledge. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Product Type Still Wine Sparkling Wine Fortified Wine Flavor Red Wine White Wine Rose Wine Geography Europe North America APAC South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE Technavio
Mozambique president-elect urges âunityâ amid unrest, citizens fleeing
ANN ARBOR, Mich. â Roddy Gayle Jr. scored 16 points to guide Michigan to a 72-49 victory over Tarleton State on Thursday night. Gayle buried 6 of 7 shots from the floor, including his only 3-point attempt, and 3 of 4 free throws for the Wolverines (4-1). He added four assists and three rebounds. Tre Donaldson and reserve Sam Walters both scored 13 for Michigan. Donaldson had five assists and Walters was 3 for 6 from beyond the arc. Vladislav Goldin scored 12. Bubu Benjamin finished with 15 points on 5-for-7 shooting from distance for the Texans (1-5). Ronnie Harrison scored 14. Gayle had 11 points and Walters came off the bench to hit two 3-pointers and score eight as Michigan built a 40-30 lead at halftime. Benjamin scored 12 to keep the Texans within striking distance. Michigan scored the first six points and led until a dunk by Harrison put Tarleton on top 24-23 with 6:54 left before halftime. Walters and Donaldson had back-to-back layups and Gayle added two free throws in a 6-0 run that gave the Wolverines the lead for good. Donaldson made two free throws and a layup in a 10-0 run to begin the second half, and Michigan hit cruise control. Michigan will square off against Virginia Tech in the Fort Myers Tip-Off on Monday.Eaglesâ Jalen Hurts Limited in New Injury Report
AP Business SummaryBrief at 11:21 p.m. EST
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Analysts Set AtriCure, Inc. (NASDAQ:ATRC) PT at $43.11Atria Investments Inc trimmed its holdings in shares of F5, Inc. ( NASDAQ:FFIV â Free Report ) by 65.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,466 shares of the network technology companyâs stock after selling 2,775 shares during the period. Atria Investments Incâs holdings in F5 were worth $323,000 at the end of the most recent reporting period. Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of F5 by 10.5% during the 2nd quarter. American Century Companies Inc. now owns 1,709,296 shares of the network technology companyâs stock valued at $294,392,000 after acquiring an additional 162,820 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of F5 by 6,700.2% during the second quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology companyâs stock worth $146,118,000 after purchasing an additional 835,912 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of F5 by 48.9% in the second quarter. AQR Capital Management LLC now owns 652,972 shares of the network technology companyâs stock worth $111,932,000 after buying an additional 214,351 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of F5 by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 598,605 shares of the network technology companyâs stock valued at $103,096,000 after buying an additional 48,742 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of F5 by 9.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 523,982 shares of the network technology companyâs stock valued at $90,245,000 after buying an additional 45,843 shares during the period. 90.66% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In A number of equities analysts have weighed in on FFIV shares. The Goldman Sachs Group upped their price target on F5 from $212.00 to $241.00 and gave the stock a âneutralâ rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. raised their price target on shares of F5 from $225.00 to $250.00 and gave the company a âneutralâ rating in a report on Tuesday, October 29th. Royal Bank of Canada boosted their price objective on shares of F5 from $205.00 to $240.00 and gave the stock a âsector performâ rating in a report on Tuesday, October 29th. Evercore ISI upped their price objective on shares of F5 from $180.00 to $210.00 and gave the company an âin-lineâ rating in a research report on Tuesday, July 30th. Finally, Barclays lifted their target price on F5 from $214.00 to $246.00 and gave the stock an âequal weightâ rating in a research report on Tuesday, October 29th. Seven equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, F5 presently has a consensus rating of âHoldâ and a consensus target price of $233.56. F5 Stock Performance Shares of F5 stock opened at $246.98 on Friday. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $250.46. The firmâs 50-day simple moving average is $226.58 and its 200-day simple moving average is $196.71. The firm has a market cap of $14.48 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 3.24 and a beta of 1.05. F5 ( NASDAQ:FFIV â Get Free Report ) last announced its quarterly earnings data on Monday, October 28th. The network technology company reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.45 by $0.22. The firm had revenue of $747.00 million for the quarter, compared to analystsâ expectations of $730.43 million. F5 had a return on equity of 20.80% and a net margin of 20.13%. F5âs revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.76 earnings per share. On average, equities analysts predict that F5, Inc. will post 11.01 earnings per share for the current year. F5 announced that its Board of Directors has initiated a stock repurchase program on Monday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the network technology company to reacquire up to 7.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the companyâs management believes its stock is undervalued. Insiders Place Their Bets In related news, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $218.26, for a total transaction of $316,477.00. Following the sale, the chief executive officer now owns 121,122 shares in the company, valued at $26,436,087.72. This represents a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, Director Alan Higginson sold 1,000 shares of F5 stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $201.65, for a total value of $201,650.00. Following the completion of the transaction, the director now owns 10,707 shares of the companyâs stock, valued at approximately $2,159,066.55. The trade was a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold a total of 4,575 shares of company stock valued at $997,039 over the last 90 days. 0.58% of the stock is owned by company insiders. F5 Profile ( Free Report ) F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The companyâs distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud. Featured Stories Five stocks we like better than F5 With Risk Tolerance, One Size Does Not Fit All Tesla Investors Continue to Profit From the Trump Trade What is the Dow Jones Industrial Average (DJIA)? MicroStrategyâs Stock Dip vs. Coinbaseâs Potential Rally How to Calculate Stock Profit Netflix Ventures Into Live Sports, Driving Stock Momentum Receive News & Ratings for F5 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 and related companies with MarketBeat.com's FREE daily email newsletter .
President-elect Donald Trump asked the Supreme Court on Friday to pause the potential TikTok ban from going into effect until his administration can pursue a âpolitical resolutionâ to the issue. Read this article for free: Already have an account? To continue reading, please subscribe: * President-elect Donald Trump asked the Supreme Court on Friday to pause the potential TikTok ban from going into effect until his administration can pursue a âpolitical resolutionâ to the issue. Read unlimited articles for free today: Already have an account? President-elect Donald Trump asked the Supreme Court on Friday to pause the potential TikTok ban from going into effect until his administration can pursue a âpolitical resolutionâ to the issue. The request came as TikTok and the Biden administration filed opposing briefs to the court, in which the company argued the court should strike down a law that could ban the platform by Jan. 19 while the government emphasized its position that the statute is needed to eliminate a national security risk. âPresident Trump takes no position on the underlying merits of this dispute. Instead, he respectfully requests that the Court consider staying the Actâs deadline for divestment of January 19, 2025, while it considers the merits of this case,â said Trumpâs amicus brief, which supported neither party in the case. The filings come ahead of oral arguments scheduled for Jan. 10 on whether the law, which requires TikTok to divest from its China-based parent company or face a ban, unlawfully restricts speech in violation of the First Amendment. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. Earlier this month, a panel of three federal judges on the U.S. Court of Appeals for the District of Columbia Circuit unanimously upheld the statute, leading TikTok to appeal the case to the Supreme Court. The brief from Trump said he opposes banning TikTok at this junction and âseeks the ability to resolve the issues at hand through political means once he takes office.â Advertisement
Fiji Labour Party leader Mahendra Chaudhry has called on the Prime Minister to shift its focus from road inspections to the urgent needs of flood victims in the Western Division. In a social media post, Mr Chaudhry urged the Prime Minister Sitiveni Rabuka to concentrate on areas where the need was more urgent. âIt is strange that Prime Minister Rabuka should be touring the North to inspect road maintenance works in his area when he should be focusing on providing urgently needed assistance to the flood victims in the West,â he said. Former prime minister said they had received reports from Sigatoka, Nadi, Ra, Ba and Tavua indicating that relevant government agencies had made no efforts to reach out. âWe urge the Prime Minister to please concentrate on where the need is more urgent. âThe cyclone season has only just begun. âAny slackness on the part of the relief agencies in responding to the needs of the disaster victims, must be addressed and rectified right now.â
US to send $1.25 billion in weapons to Ukraine, pushing to get aid out before Biden leaves office
A majority of Supreme Court justices didn't seem convinced Monday that federal regulators misled companies before refusing to allow them to sell sweet-flavored vaping products following a surge in teen e-cigarette use. The conservative-majority court did raise questions about the Food and Drug Administration crackdown that included denials of more than a million nicotine products formulated to taste like fruit, dessert or candy. Teen vaping use has since dropped to its lowest level in a decade, but the agency could change its approach after the inauguration next month of President-elect Donald Trump, who has promised to âsaveâ vaping. Vape companies have long marketed their products as a way to help adults quit traditional cigarettes, and say the FDA changed its standards with little warning and blocked the sale of over a million new flavored products. Justice Elena Kagan, though, was skeptical. âI guess Iâm not really seeing what the surprise is here,â she said. âYou knew what the FDAâs point of view was ... that blueberry vapes are really problematic in terms of youth smoking." RELATED STORY | Supreme Court decision could have endless impact on transgender medical care The FDA was slow to regulate the now multibillion-dollar vaping market, and even years into the crackdown flavored vapes that are technically illegal nevertheless remain widely available. The agency says the companies were denied because they couldn't show flavored vapes had a net public benefit, as laid out in the law. It has approved some tobacco-flavored vapes, and recently allowed its first menthol-flavored electronic cigarettes for adult smokers after the company provided data showing the product was more helpful in quitting, Deputy Solicitor General Curtis Gannon said. The issue came before the high court when the agency appealed a decision from the conservative 5th Circuit Court of Appeals tossing out one of its denials. While other lower courts rebuffed vaping company lawsuits, the 5th Circuit sided with Dallas-based company Triton Distribution. The decision allowed the sale of e-juices like âJimmy The Juice Man in Peachy Strawberry" and âSuicide Bunny Mother's Milk and Cookiesâ which are heated by an e-cigarette to create an inhalable aerosol. RELATED STORY | Could Democrats pressure Justice Sotomayor to step down for replacement? Justice Neil Gorsuch questioned whether the FDA process had given the companies a fair chance to make their claims, given that their businesses were at stake. Conservative Justice Brett Kavanaugh expressed concern about what recourse companies have if agencies issue misleading guidance, though he also elicited that the FDA wasn't required to issue the guidance it gave in the vaping case. âI'm trying to figure out what the legal error is here,â he said. The vape companies, he said, can reapply for sales authorization even if they don't win in court. Triton attorney Eric Heyer said that process would take so long that the company could be forced to close. The court has overall been skeptical of the power of federal regulators, including by striking down the so-called Chevron doctrine that had judges deferring to agencies' interpretation of the law. Justice Amy Coney Barrett questioned whether the vaping companies wanted the court to take that concept a step further. âItâs almost a reverse Chevron deference, except we're deferring to the applicant," she said. The court is expected to decide the case in the coming months.Michigan hung with No. 4 USC for much of Sunday nightâs game before a cold spell doomed the visitors in a 78-58 loss. Michigan played without leading scorer Syla Swords, held out with a lower leg injury sustained in the first half of Michiganâs previous game, Dec. 20 at Akron. Swords, the star freshman guard, needed to be helped off the court that afternoon but eventually returned to the bench. A team spokesperson didnât have any update beyond that when reached by email during Sundayâs game. Swords was in Los Angeles and on the bench, in street clothes, for Sundayâs game. USC super sophomore JuJu Watkins scored 31 points, making 13 of 14 free throws, to wear down the No. 23 Wolverines (10-3, 1-1). Michigan trailed by just one with a little more than two minutes left in the third quarter but missed 11 straight shots and lost contact. Watkins took over and, with a few minutes left, the lead had ballooned to 27. USC improved to 12-1 (2-0) in a game that ended after midnight back in Ann Arbor. It doesnât get any easier for the Wolverines on this Los Angeles trip. Theyâll face No. 1 UCLA on Wednesday (5 p.m. ET, Big Ten Network). Jordan Hobbs led Michigan with 19 points, though just five after halftime. Greta Kampschroeder added 14 points. Olivia Olson, held scoreless in the first half, finished with 11. Without Swords, Michigan used a more traditional starting lineup, going with Yulia Grabovskaia at center with the four guards whoâve started all year. The Trojans scored 10 straight to close the first quarter and open the second, grabbing a 19-11 lead. Hobbs scored 14 straight for Michigan to keep the visitors close. Michigan trailed 34-31 at half and grabbed the lead early in the third quarter. Midway through the third quarter, USC had an open 3 that would have pushed its lead to eight. Instead, Michigan went the other way. Brooke Quarles-Daniels missed two layups in succession before finally converting through a foul. Her free throw cut USCâs lead to 43-41. As Watkins continued to draw fouls, Michigan hung around. Olsonâs and-one cut Michiganâs deficit to one with 2:24 left in the third. Thatâs when the wheels started to come off for the Wolverines. Watkins made 10 free throws in the quarter, helping USC to a 57-47 lead entering the fourth. After the Olson bucket, Michigan missed 11 straight shots, getting nothing but a single free throw until Hobbsâ jumper with 5:40 left. The cold spell turned a one-possession game into a blowout.
TVA to host public information session discussing future plansUtah Hockey Club bring 3-game losing streak into matchup with the Penguins Utah Hockey Club (7-9-3, in the Central Division) vs. Pittsburgh Penguins (7-11-4, in the Metropolitan Division) Pittsburgh; Saturday, 7 p.m. EST BETMGM SPORTSBOOK LINE: Penguins -111, Utah Hockey Club -109; over/under is 6. Canadian Press Nov 23, 2024 1:12 AM Nov 23, 2024 1:20 AM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Utah Hockey Club (7-9-3, in the Central Division) vs. Pittsburgh Penguins (7-11-4, in the Metropolitan Division) Pittsburgh; Saturday, 7 p.m. EST BETMGM SPORTSBOOK LINE: Penguins -111, Utah Hockey Club -109; over/under is 6.5 BOTTOM LINE: The Utah Hockey Club look to stop their three-game slide with a win over the Pittsburgh Penguins. Pittsburgh has a 4-5-2 record in home games and a 7-11-4 record overall. The Penguins have a -28 scoring differential, with 57 total goals scored and 85 given up. Utah has a 3-5-2 record on the road and a 7-9-3 record overall. The Utah Hockey Club have a -14 scoring differential, with 49 total goals scored and 63 allowed. The teams meet Saturday for the first time this season. TOP PERFORMERS: Sidney Crosby has scored seven goals with 13 assists for the Penguins. Vasiliy Ponomarev has over the last 10 games. Nick Schmaltz has 13 assists for the Utah Hockey Club. Jaxson Stauber has scored goals over the past 10 games. LAST 10 GAMES: Penguins: 3-4-3, averaging 2.2 goals, 3.6 assists, 3.4 penalties and 7.4 penalty minutes while giving up 3.5 goals per game. Utah Hockey Club: 3-5-2, averaging 2.4 goals, 4.2 assists, 4.7 penalties and 14.2 penalty minutes while giving up 2.8 goals per game. INJURIES: Penguins: None listed. Utah Hockey Club: None listed. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar . The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Get your daily Victoria news briefing Email Sign Up More Hockey Central Division opponents meet when Predators host the Jets Nov 23, 2024 1:12 AM Sharks take on the Sabres after Wennberg's 2-goal game Nov 23, 2024 1:12 AM Connor and Hellebuyck shine as Jets defeat Penguins 4-1 Nov 22, 2024 9:59 PM
The New Statesmanâs A-Z of 2024Shares of JSW Energy surged as much as 8 per cent at the opening tick on Monday after the company announced its foray into the renewable energy space. The JSW Group company has been able to garner positive reports from the brokerage firms post the announcement of this acquisition. JSW Neo Energy, a wholly-owned subsidiary of JSW Energy, has signed a definitive agreement to acquire O2 Power, a renewable energy platform jointly established by Swedish asset manager EQT Partners and Singaporeâs Temasek Holdings, said the company in an exchange filing. O2 entities have a consolidated operational and under construction/development renewable energy portfolio of 4.7 GW. The transaction values the platform at an enterprise valuation of Rs 12,468 crore ($1.47 billion), after adjusting for net current assets, it added. Following the announcement, shares of JSW Energy jumped more than 7.67 per cent to Rs 673.05 on Monday, commanding a total market capitalization of more than Rs 1.17 lakh crore. The stock had settled at Rs 625.05 in the previous trading session on Friday. The transaction entails acquisition of O2 Power Midco Holdings and O2 Energy SG and is subject to approval of the Competition Commission of India (CCI) and other customary approvals standard to a transaction of this size, said JSW Energy. O2 entities reported a cumulative revenue from operations at Rs 538 crore for FY24. Shares of JSW Energy have surged about 67 per cent from its 52-week low at Rs 404 hit in January 2024. However, the stock has corrected nearly 17 per cent from its 52-week high at Rs 804.95 hit in September 2024. The stock has remained majorly flat in the last one month, while it is down 13 per cent in six months. Motilal Oswal Financial Services likes the overall quality of assets. It values JSW Energy's core business at 15 times FY27 EBITDA, reflecting its strong operational performance and market position. The stake in JSW Steel is valued at a 25 per cent discount to the current market price, it said. The total equity value of JSW Energy was determined by aggregating the values from these different components, leading to a target price of Rs 810 per share, added Motilal. "Additionally, note that we see an option value of Rs 60 per share from KSK Mahanadi, which should materialize once the deal is approved."