Banks to use AI & machine learning to safeguard customers from financial fraudsPlayoff volleyball: Solano College falls to Shasta in second round of playoffs
LAUGFS Lubricants powers Colombo Motor Show 2024 as the Official Lubricant PartnerAs Big Tech profit growth slows, investors hunt for a new thing The stock market’s growth engine is running on fumes. For years, investors have counted on the biggest technology companies to power equity indexes higher based on their strong earnings and expectations for even more profits in the future, most recently fuelled by the development of artificial intelligence services. Those days appear to be over, at least for now. And it’s forcing investors to think of other ways to play the latest equities bull market as it enters its third year, Bloomberg reports. The issue is profits. The Magnificent Seven tech giants -- Alphabet Inc, Amazon.com Inc, Apple Inc, Meta Platforms Inc, Microsoft Corp, Nvidia Corp and Tesla Inc -- are expected to post a combined earnings increase of 18 per cent in 2025, down from a projected 34 per cent for 2024, according to data compiled by Bloomberg Intelligence. Strip out Nvidia, arguably the biggest beneficiary of Wall Street’s AI mania, the rest of the group is expected to post a measly 3.0 per cent increase in profits in 2025. An 18 per cent profit expansion is good news for just about any sector -- but Big Tech. Should the estimate come to fruition, the high-flying cohort will fall behind health care in full-year earnings growth and not significantly above the materials and industrials groups. Meanwhile, the S&P 500 Index’s earnings growth is projected to reach 13 per cent in 2025, up from 10 per cent this year. In other words, the tech giants are no longer setting the pace for Corporate America. “The Mag Seven is not necessarily going to be the engine of growth for the market that it has been for the last year or so,” said Julian McManus, portfolio manager at Janus Henderson. Investors are already responding. In the week through Dec 4, the information technology group had its largest outflow in six weeks at $1.4 billion, according a Bank of America note on Friday citing data from EPFR Global. Small-cap stocks, which have been trailing the broader market this year, had $4.6 billion of inflows, putting them at an annualized record high of more than $30 billion. McManus said he’s watching for upside surprises in free cash flow growth and sees alternatives to Big Tech all over the world, not just in the US, where he’s “significantly underweight.” He likes energy producers, which are benefiting from power-thirsty data centers and are a popular play, and sees opportunities in biotech as well as chip design software companies like Cadence Design Systems Inc. A big part of the search for Big Tech alternatives is purely about their stock prices. Just this week, the Magnificent Seven companies traded at 41 times projected earnings, the highest valuation multiple since early 2022, according to data compiled by Bloomberg. The entire S&P 500 has seen a jump as well, with its ratio of 23 times the highest since 2021. But it’s still almost half the price of the tech giants’ valuations. “You’re being overly risky being in just the megacaps,” said Phil Blancato, chief executive officer at Ladenburg Thalmann Asset Management. “You’re looking at companies that are trading at valuations that are quite rich. Some of the numbers for the rest of the S&P 500 don’t look bad, they look good. I’d rather buy the rest of the S&P 500 at 18 times (forward earnings) versus the entire S&P 500 at 23 or 24 times.” He isn’t alone in his scepticism. Wall Street pros like Michael Wilson, chief US equity strategist at Morgan Stanley, and Brian Belski, chief investment strategist at BMO Capital Markets, also see the equities rally continuing to broaden to sectors beyond Big Tech, a trend that began in the second half of the year. “Euphoria around megacap tech is evident in growth expectations for the Magnificent 7 approaching all-time highs, just when their earnings are slated to decelerate,” Bank of America strategists led by Savita Subramanian wrote in a note to clients this week. With the cohort accounting for about a third of the S&P 500’s weighting, “we see more opportunity in the average stock than in the index,” the strategists wrote. However, that isn’t to say all Magnificent Seven stocks are created equal. Because there’s one company that stands head and shoulders above the rest: Nvidia. Relentless demand for its accelerators used in AI computing has sent earnings soaring. Nvidia is projected to deliver $71 billion in profits on revenue of $129 billion next year, up 49% and 52%, respectively, according to the average of analyst estimates compiled by Bloomberg. This explains why the stock is the seventh best performer in the Russell 1000 Index this year with a 193% gain — and the only Magnificent Seven company in the top 50. Much of Nvidia’s success is being driven by spending from its megacap peers. Microsoft, Alphabet, Amazon and Meta Platforms are projected to show more than $200 billion in combined 2024 capital spending to beef up computing capacity. And they’ve pledged to spend significantly more next year. That’s great for Nvidia, but investors are questioning when those investments will pay off for the rest. “I wouldn’t be surprised to see the Mag Seven sort of break up because gravity is going to catch up,” Janus Henderson’s McManus said. Of course, Wall Street has underestimated Big Tech’s strength in the past. At the start of 2024, analysts were projecting earnings growth of 19% for the Magnificent Seven, and the group is now on track for a 34 per cent increase. And despite the numbers, the tech giants still retain their allure with investors, especially if the economy deteriorates. Scott Chronert, US equity strategist at Citigroup, likens the group to a defensive sector like consumer staples, whose products people need regardless of economic circumstances. The point being, megacaps remain a safe bet in uncertain times -- like now. “If you were to sell big tech, where would you go?” said Andrew Choi, portfolio manager at Parnassus Investments. “Do you really want to bet on rate-sensitive stocks where you need rates to go a certain direction? Do you want to chase places that have done well? Big tech remains the best, easiest answer for what you want regardless of what market conditions end up being.”COLUMBUS, Ohio -- Amazon Web Services will invest another $10 billion to bolster its data center infrastructure in Ohio. The company and Republican Gov. Mike DeWine announced the plan Monday. The new investment will boost the amount it has committed to spending in Ohio by the end of 2029 to more than $23 billion. AWS launched its first data centers in the state in 2016 and currently operates campuses in two counties in central Ohio, home to the capital city of Columbus. The new investment will allow AWS to expand its data centers to new sites, but the company said those locations have not been determined yet and noted that its investment plans are contingent upon the execution of long-term energy service agreements. AWS said the new data centers will contain computer servers, storage drives, networking equipment and other forms of technology infrastructure used to power cloud computing, including artificial intelligence and machine learning. In June 2023, AWS said it would invest $7.8 billion by the end of 2029 to expand its data center operations in central Ohio. That was on top of $6 billion already invested through 2022.My One Big Tech-Fueled Prediction For 2025: Big Data Is Back
Arguably the biggest house at the Eastern Montana Fairgrounds has a new man in charge, and it is a name that is very familiar to the people of Miles City. Mike Lavin, who has lived in Miles City for four years, is filling the new role of events coordinator at the Custer County Events Center, which opened in 2021. Lavin, who came to Miles City from Las Vegas, Nev., comes from a sound, speaker, and technology background, and has spent years installing sound and speaker systems at various venues. Before coming to Miles City, he was a professional audio engineer at the Hard Rock Cafe in Las Vegas. Since coming to Miles City in 2020, he has installed numerous sound systems in the community, including the current sound system at the Custer County Events Center. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get our free email newsletters — latest headlines and e-edition notifications.
A look back at 2024 in photosGolf Central analyzes what makes Nelly Korda's golf swing so "poetic" before looking back on her even-par CME Group Tour Championship Round 1, which saw her struggle on the greens. The Golf Central team breaks down Lydia Ko's first round at the CME Group Tour Championship and how it compared to her previous success in the event. Watch highlights from first-round action of the 2024 BMW Australian PGA Championship, part of the DP World Tour. Rex Hoggard reports on Caitlin Clark's appearance at the RSM Classic pro-am, explaining what the star power of the WNBA phenom means for the event and golf as whole. Jeeno Thitikul sits down with Golf Central to discuss her Aon Risk Reward Challenge win, identifying the strongest part of her game and why she strives to inspire more Thai golfers to compete overseas. The Golf Central crew breaks down the 'evolution' of women's sports, particularly through the LPGA and how the CME Group Tour Championship is pushing women's golf to a new level. Amy Rogers reports on the anticipation leading up to the LPGA CME Group Tour Championship and the record $4M paid to the winner, as well as player reactions to the 2025 schedule. Wesley Bryan reflects on his play over the last few months, where he's recorded four top-25 finishes in five starts, before sharing why he's at ease no matter what happens at the RSM Classic. Trevor Immelman joins Golf Central to talk about playing at the PNC Championship with his son Jacob, Scottie Scheffler's year, the new PGA Tour rule proposals and whether Rory McIlroy will complete his career grand slam. Rafael Campos was emotional after everything came together for him to get his first PGA Tour win at the Butterfield Bermuda Championship. There are 10 DP World Tour golfers who earned PGA Tour cards for the 2025 season on Sunday at the DP World Tour Championship, including Thriston Lawrence, Matteo Manassero, Tom McKibbin, Jesper Svensson and Paul Waring.
Saudi men weave a kaleidoscope of dreamsThe reMarkable Paper Pro receives ‘Calm Tech’ certification
Algert Global LLC Purchases New Position in Centrus Energy Corp. (NYSE:LEU)BIG 12 THIS WEEK
NASHVILLE, Tenn. (AP) — The right frame can freeze a moment in time, creating meaning for the masses from a fist pump over a bloodied ear , a bridge crumbled by a ship , towns shredded by nature , and a victory sealed with an on-field kiss . In 2024, photographers across the U.S. captured glimpses of humanity, ranging from a deeply divisive presidential election , to hurricanes and fires that ravaged communities, to campus protests over the war between Israel and Hamas in Gaza. The gallery from The Associated Press illustrates a new chapter of political history — the assassination attempt on former President Donald Trump , the moment President Joe Biden announced he would no longer run again , the campaign sprint by Vice President Kamala Harris in Biden’s place, and the raw emotion from voters during a grueling contest ultimately won by Trump . Related Articles Hurricanes whipped through the country with devastating imagery, leaving a path of wreckage and death from Florida to Appalachia . After Hurricane Helene , Lake Lure in North Carolina was shown in a jarring photo covered in shards of debris thick enough to hide the surface of the water. Hurricane Milton ripped apart the roof of Tropicana Field in St. Petersburg, Florida, home to Major League Baseball’s Tampa Bay Rays. The scale of destruction experienced in some corners of the country in 2024 was hard to capture and might have been harder to fathom. That was the case when a container ship slammed into the Francis Scott Key Bridge in Baltimore, causing it to collapse and crumple around the vessel, killing construction workers on the bridge. As flames torched the landscape in California , another image captured firefighters and sheriff’s deputies pushing a vintage car away from a burning home. Elsewhere in California , one photo is aglow with bright orange flames, broken up only by the subtle features of an animal running through them. But hope also persevered in the face of devastation. In Helene’s aftermath , an image from Crystal River, Florida, shows Dustin Holmes holding hands with his girlfriend, Hailey Morgan, as they sloshed through floodwaters with her 4- and 7-year-old children to return to their flooded home. And in Manasota Key, Florida, a family was lit up by the glow of flashlights as they walked to check on their home damaged by Milton. Other photos from 2024 also grabbed the darkness and shadows to emphasize light: among them, a rocket liftoff and a total solar eclipse . And, yes, eclipse glasses were back in style for a shared moment of skygazing. But many other photos delivered a blast of color, from the spectrum of the northern lights across a Maine sky to a crew of workers wading into the deep-red of a Massachusetts cranberry bog . And, once again, Taylor Swift captured the country’s attention, even as a part of the crowd. She rushed down from the stands to kiss her boyfriend, Kansas City Chiefs tight end Travis Kelce, after the Chiefs won the AFC Championship , en route to another Super Bowl win.
Legacy education sees purchase of common stock worth $6,830 by Robert DeRose
NEW YORK , Dec. 17, 2024 /PRNewswire/ -- Paramount Global (the "Company") (NASDAQ: PARA, PARAA) today announced that it would redeem all of its remaining outstanding 4.750% senior notes due May 15, 2025 (the "4.750% senior notes") on December 27, 2024 . The redemption price for the 4.750% senior notes is equal to the sum of 100% of the principal amount of the 4.750% senior notes that remain outstanding, the make-whole amount calculated in accordance with the terms of the 4.750% senior notes and the related indenture under which the 4.750% senior notes were issued, and the accrued and unpaid interest on the remaining 4.750% senior notes up to, but excluding, the redemption date of December 27, 2024 . The aggregate principal amount of the 4.750% senior notes outstanding and the aggregate principal amount of the 4.750% senior notes to be redeemed is as set forth below: Holders owning 4.750% senior notes through a broker, bank, or other nominee should contact that party for information. For more information, holders of the 4.750% senior notes may call the paying agent for the redemption of the 4.750% senior notes, Deutsche Bank Trust Company Americas at (800) 735-7777. About Paramount Paramount Global (NASDAQ: PARA, PARAA) is a leading global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, its portfolio includes CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV. The Company holds one of the industry's most extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, the Company provides powerful capabilities in production, distribution, and advertising solutions. Cautionary Note Concerning Forward-Looking Statements This communication contains both historical and forward-looking statements, including statements related to our future results, performance and achievements. All statements that are not statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements reflect our current expectations concerning future results and events; generally can be identified by the use of statements that include phrases such as "believe," "expect," "anticipate," "intend," "plan," "foresee," "likely," "will," "may," "could," "estimate" or other similar words or phrases; and involve known and unknown risks, uncertainties and other factors that are difficult to predict and which may cause our actual results, performance or achievements to be different from any future results, performance or achievements expressed or implied by these statements. These risks, uncertainties and other factors include, among others: risks related to our streaming business; the adverse impact on our advertising revenues as a result of advertising market conditions, changes in consumer viewership and deficiencies in audience measurement; risks related to operating in highly competitive and dynamic industries, including cost increases; the unpredictable nature of consumer behavior, as well as evolving technologies and distribution models; risks related to our ongoing changes in business strategy, including investments in new businesses, products, services, technologies and other strategic activities; the potential for loss of carriage or other reduction in or the impact of negotiations for the distribution of our content; damage to our reputation or brands; losses due to asset impairment charges for goodwill, intangible assets, FCC licenses and content; liabilities related to discontinued operations and former businesses; risks related to environmental, social and governance (ESG) matters; evolving business continuity, cybersecurity, privacy and data protection and similar risks; content infringement; domestic and global political, economic and regulatory factors affecting our businesses generally; disruptions to our operations as a result of labor disputes; the inability to hire or retain key employees or secure creative talent; volatility in the prices of the Companyʼs common stock; potential conflicts of interest arising from our ownership structure with a controlling stockholder; business uncertainties, including the effect of the Skydance transactions on the Companyʼs employees, commercial partners, clients and customers, and contractual restrictions while the Skydance transactions are pending; prevention, delay or reduction of the anticipated benefits of the Skydance transactions as a result of the conditions to closing the Skydance transactions; the Transaction Agreementʼs limitation on our ability to pursue alternatives to the Skydance transactions; risks related to a failure to complete the Skydance transactions, including payment of a termination fee and negative reactions from the financial markets and from our employees, commercial partners, clients and customers; risks related to change in control or other provisions in certain agreements that may be triggered by the Skydance transactions; litigation relating to the Skydance transactions potentially preventing or delaying the closing of the Skydance transactions and/or resulting in payment of damages; challenges realizing synergies and other anticipated benefits expected from the Skydance transactions, including integrating the Companyʼs and Skydanceʼs businesses successfully; potential unforeseen direct and indirect costs as a result of the Skydance transactions; any negative effects of the announcement, pendency or consummation of the Skydance transactions on the market price of the Companyʼs common stock and New Paramount Class B Common Stock; and other factors described in our news releases and filings with the Securities and Exchange Commission, including but not limited to our most recent Annual Report on Form 10-K and reports on Form 10-Q and Form 8-K. There may be additional risks, uncertainties and factors that we do not currently view as material or that are not necessarily known. The forward-looking statements included in this communication are made only as of the date of this communication, and we do not undertake any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances. PARA-IR View original content to download multimedia: https://www.prnewswire.com/news-releases/paramount-global-announces-redemption-of-its-4-750-senior-notes-due-may-2025--302334251.html SOURCE Paramount GlobalThings to watch this week in the Big 12 Conference: No. 14 BYU (9-1, 6-1 Big 12, No. 14 CFP) at No. 21 Arizona State (8-2, 5-2, No. 21), Saturday, 3:30 p.m. ET (ESPN) League newcomer Arizona State has a three-game winning streak and BYU is coming off its first loss. The Cougars, after losing at home to Kansas, still control their own destiny in making the Big 12 championship game. They can clinch a spot in that Dec. 7 game as early as Saturday, if they win and instate rival Utah wins at home against No. 22 Iowa State. Arizona State was picked at the bottom of the 16-team league in the preseason media poll, but already has a five-win improvement in coach Kenny Dillingham's second season. No. 16 Colorado (8-2, 6-1, No. 16 CFP) at Kansas (4-6, 3-4), Saturday, 3:30 p.m. ET (Fox) Coach Deion Sanders and the Buffaloes are in prime position to make the Big 12 title game in their return to the league after 13 seasons in the Pac-12. If BYU and Utah win, Colorado would be able to claim the other title game spot with a win over Kansas. The Buffs have a four-game winning streak. The Jayhawks need another November win over a ranked Big 12 contender while trying to get bowl eligible for the third season in a row. Kansas has won consecutive games over Top 25 teams for the first time in school history, knocking off Iowa State before BYU. Iowa State quarterback Rocco Becht has thrown a touchdown in a school-record 14 consecutive games, while receivers Jayden Higgins and Jaylin Noel both have more than 800 yards receiving. San Jose State is the only other FBS team with a pair of 800-yard receivers. Becht has 2,628 yards and 17 touchdowns passing for the Cyclones (8-2, 5-2), who are still in Big 12 contention. Oklahoma State goes into its home finale against Texas Tech with a seven-game losing streak, its longest since a nine-game skid from 1977-78. The only longer winless streak since was an 0-10-1 season in 1991. This is Mike Gundy's 20th season as head coach, and his longest losing streak before now was five in a row in 2005, his first season and the last time the Cowboys didn't make a bowl game. ... Baylor plays at Houston for the first time since 1995, the final Southwest Conference season. The Cougars won last year in the only meeting since to even the series 14-14-1. ... Eight Big 12 teams are bowl eligible. As many as six more teams could reach six wins. The Big 12 already has four 1,000-yard rushers, including three who did it last season. UCF's RJ Harvey is the league's top rusher (1,328 yards) and top scorer with 21 touchdowns (19 rushing/two receiving). The others with consecutive 1,000-yard seasons are Texas Tech career rushing leader Tahj Brooks (1,184 yards) and Kansas State's DJ Giddens (1,128 yards). Cam Skattebo with league newcomer Arizona State has 1,074 yards. Devin Neal, the career rushing leader at his hometown university, is 74 yards shy of being the first Kansas player with three 1,000-yard seasons. Cincinnati's Corey Kiner needs 97 yards to reach 1,000 again. Get local news delivered to your inbox!
Chairman of NPP UK chapter, Kingsley Adumattah Agyapong The Chairman of the New Patriotic Party(NPP)UK chapter, Kingsley Adumattah Agyapong, commonly known as Wofa K, has claimed that the Akufo-Addo-led administration is leaving behind a strong economy. He argued that the incoming Mahama-led administration should have no excuse to send the country back to the dark days. “If Mahama fails to build on the growth we have achieved, the growth rate will drop and the country will head back to the challenges and difficulties we complained about,” he said. He asserted that Mr Mahama has a poor track record of mismanaging the economy, and the example could be traced to when the Atta Mills increased our GDP from 8% under Kufuor to 14%, which dropped to 3.5%. Mahama destroyed all the gains made and plunged us into five years of dumsor with the collapse of industries, which cost the country an annual figure of GHC 10.88 billion. That was the state of the country. He added the NPP came in with every fibre in us and worked hard; in 2017, 2018, and 2019, Ghana was the fastest-growing economy in the whole world. If not for the outbreak of Covid-19, we would have experienced something different. He stressed the need for Mahama not to have any excuse but to put in motion all his promises to make the living conditions of the people better than what the NPP had doneNEW YORK — U.S. stock indexes trimmed some of their stellar gains for the year. The S&P 500 slipped 0.4% Tuesday, though it’s still near its all-time high set earlier this month. The Dow Jones Industrial Average dropped 267 points, and the Nasdaq composite lost 0.3% from its record set the day before. Nvidia, the superstar stock that’s been a big reason for Wall Street’s run to records this year, fell for its eighth loss in the last nine days. Treasury yields held relatively steady after sales at U.S. retailers strengthened by more than expected. Bitcoin set another record. WASHINGTON — Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season. Retail sales rose 0.7% in November, the Commerce Department said Tuesday, a solid increase and higher than October’s 0.5% gain. The boost in spending underscores that the economy is still growing at a healthy pace even with higher interest rates, a trend that could cause the Federal Reserve to lower borrowing costs more slowly next year than they have previously signaled. Tuesday’s report arrives just a day before the Fed is set to announce its latest rate decision Wednesday. WASHINGTON — Energy Secretary Jennifer Granholm says the incoming Trump administration should proceed cautiously as it considers proposals for new natural gas export terminals. Granholm warns that “unfettered exports” of liquefied natural gas, or LNG, could raise wholesale domestic prices by more than 30% and increase planet-warming greenhouse gas emissions. Granholm’s statement Tuesday came as the Energy Department released a long-awaited study on the environmental and economic impacts of natural gas exports, which have grown exponentially in the past decade. The analysis found that U.S. LNG shipments drive up domestic prices and could lead to higher global carbon emissions. WASHINGTON — President Joe Biden has endorsed a ban on congressional stock trading in an interview that’s being released this week. It’s the first time he’s publicly backed the idea. He made the comments to Faiz Shakir, a political adviser for Sen. Bernie Sanders. Shakir interviewed the Democratic president for A More Perfect Union, a pro-labor advocacy and journalism organization. The Associated Press reviewed a video of the interview before its release. A bipartisan proposal to ban trading by members of Congress and their families has dozens of sponsors, but it has not received a vote. NEW YORK — In a string of visits, dinners, calls, monetary pledges and social media overtures, big tech chiefs have joined a parade of business and world leaders in trying to improve their standing with President-elect Donald Trump before he takes office in January. The tech list includes Apple’s Tim Cook, OpenAI’s Sam Altman, Meta’s Mark Zuckerberg, SoftBank’s Masayoshi Son and Amazon’s Jeff Bezos. Meanwhile, the list of what the executives may be hoping for includes an open path toward developing artificial intelligence, easier access to energy for data centers and an easing of antitrust enforcement. COLUMBUS, Ohio — Amazon Web Services will invest another $10 billion to bolster its data center infrastructure in Ohio. The company and Republican Gov. Mike DeWine announced the plan Monday. The new investment will boost the amount it has committed to spending in Ohio by the end of 2029 to more than $23 billion. AWS launched its first data centers in the state in 2016. It currently operates campuses in two counties in central Ohio. The new investment will allow AWS to expand its data centers to new sites across the state, but the company says those locations have not been determined yet. WASHINGTON — Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting. The Fed’s policymakers are likely to signal fewer interest rate cuts next year than were previously expected. The officials are set to reduce their benchmark rate, which affects many consumer and business loans, by a quarter-point to about 4.3% when their meeting ends Wednesday. The problem is that while inflation has dropped far below its peak of 9.1% in mid-2022, it remains stubbornly above the Fed’s 2% target. WASHINGTON — A new poll finds that Democrats are feeling more pessimistic about the U.S. economy after Donald Trump’s victory. Republicans, meanwhile, are still dour about the current state of the economy but hopeful that growth will be stronger next year when Trump returns to the White House as president. The latest survey from The Associated Press-NORC Center for Public Affairs Research suggests that some Americans are evaluating the economy more by who holds political power than on what the underlying trends suggest. This was a persistent challenge for President Joe Biden and raises the possibility that Trump might also struggle to translate his economic ideas into political wins. BANGKOK — Japanese tycoon Masayoshi Son has joined President-elect Donald Trump in announcing plans by technology and telecoms giant SoftBank Group to invest $100 billion in projects in the United States. Trump said the investments would create 100,000 jobs over four years, twice what Son promised when he pledged $50 billion in U.S. investments in 2016. Son is known for making bold choices, sometimes paying big and sometimes not. SoftBank has investments in dozens of Silicon Valley startups, big companies like semiconductor maker Arm and Chinese e-commerce giant Alibaba. The stock market rally and craze for AI has boosted the value of its assets, but some question if its investments will create that many jobs.
Chinese modders create laptop-style PlayStation 5 with its own screen but no battery
Algert Global LLC purchased a new stake in The Procter & Gamble Company ( NYSE:PG – Free Report ) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 4,755 shares of the company’s stock, valued at approximately $824,000. A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Itau Unibanco Holding S.A. bought a new stake in shares of Procter & Gamble during the second quarter valued at about $28,000. Fairway Wealth LLC bought a new stake in Procter & Gamble during the 2nd quarter worth approximately $29,000. POM Investment Strategies LLC bought a new position in Procter & Gamble in the 2nd quarter valued at $34,000. Quest Partners LLC purchased a new position in shares of Procter & Gamble during the 2nd quarter valued at $36,000. Finally, Fairfield Financial Advisors LTD bought a new position in shares of Procter & Gamble in the second quarter worth $44,000. 65.77% of the stock is currently owned by institutional investors. Insider Buying and Selling In related news, CEO Jon R. Moeller sold 7,007 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $1,202,751.55. Following the sale, the chief executive officer now directly owns 269,172 shares of the company’s stock, valued at $46,203,373.80. This represents a 2.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the transaction, the insider now directly owns 11,566 shares of the company’s stock, valued at $1,954,538.34. This represents a 52.53 % decrease in their position. The disclosure for this sale can be found here . Insiders sold 35,233 shares of company stock valued at $6,024,234 over the last quarter. 0.18% of the stock is owned by company insiders. Wall Street Analysts Forecast Growth View Our Latest Stock Report on Procter & Gamble Procter & Gamble Trading Up 0.0 % Shares of PG opened at $179.37 on Friday. The stock has a market capitalization of $422.42 billion, a P/E ratio of 30.93, a PEG ratio of 3.86 and a beta of 0.42. The Procter & Gamble Company has a twelve month low of $142.50 and a twelve month high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The firm has a fifty day simple moving average of $170.48 and a two-hundred day simple moving average of $169.07. Procter & Gamble ( NYSE:PG – Get Free Report ) last posted its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. Procter & Gamble’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the firm earned $1.83 earnings per share. On average, research analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current year. Procter & Gamble Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were issued a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.24%. Procter & Gamble’s dividend payout ratio is presently 69.31%. Procter & Gamble Profile ( Free Report ) The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands. Further Reading Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company ( NYSE:PG – Free Report ). Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter .Trump transition says Cabinet picks, appointees were targeted by bomb threats, swatting attacksNone
DocuSign: Time To Start Taking Profits Here (Rating Downgrade)NEW YORK , Dec. 17, 2024 /PRNewswire/ -- Paramount Global (the "Company") (NASDAQ: PARA, PARAA) today announced that it would redeem all of its remaining outstanding 4.750% senior notes due May 15, 2025 (the "4.750% senior notes") on December 27, 2024 . The redemption price for the 4.750% senior notes is equal to the sum of 100% of the principal amount of the 4.750% senior notes that remain outstanding, the make-whole amount calculated in accordance with the terms of the 4.750% senior notes and the related indenture under which the 4.750% senior notes were issued, and the accrued and unpaid interest on the remaining 4.750% senior notes up to, but excluding, the redemption date of December 27, 2024 . The aggregate principal amount of the 4.750% senior notes outstanding and the aggregate principal amount of the 4.750% senior notes to be redeemed is as set forth below: Holders owning 4.750% senior notes through a broker, bank, or other nominee should contact that party for information. For more information, holders of the 4.750% senior notes may call the paying agent for the redemption of the 4.750% senior notes, Deutsche Bank Trust Company Americas at (800) 735-7777. About Paramount Paramount Global (NASDAQ: PARA, PARAA) is a leading global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, its portfolio includes CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV. The Company holds one of the industry's most extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, the Company provides powerful capabilities in production, distribution, and advertising solutions. Cautionary Note Concerning Forward-Looking Statements This communication contains both historical and forward-looking statements, including statements related to our future results, performance and achievements. All statements that are not statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements reflect our current expectations concerning future results and events; generally can be identified by the use of statements that include phrases such as "believe," "expect," "anticipate," "intend," "plan," "foresee," "likely," "will," "may," "could," "estimate" or other similar words or phrases; and involve known and unknown risks, uncertainties and other factors that are difficult to predict and which may cause our actual results, performance or achievements to be different from any future results, performance or achievements expressed or implied by these statements. These risks, uncertainties and other factors include, among others: risks related to our streaming business; the adverse impact on our advertising revenues as a result of advertising market conditions, changes in consumer viewership and deficiencies in audience measurement; risks related to operating in highly competitive and dynamic industries, including cost increases; the unpredictable nature of consumer behavior, as well as evolving technologies and distribution models; risks related to our ongoing changes in business strategy, including investments in new businesses, products, services, technologies and other strategic activities; the potential for loss of carriage or other reduction in or the impact of negotiations for the distribution of our content; damage to our reputation or brands; losses due to asset impairment charges for goodwill, intangible assets, FCC licenses and content; liabilities related to discontinued operations and former businesses; risks related to environmental, social and governance (ESG) matters; evolving business continuity, cybersecurity, privacy and data protection and similar risks; content infringement; domestic and global political, economic and regulatory factors affecting our businesses generally; disruptions to our operations as a result of labor disputes; the inability to hire or retain key employees or secure creative talent; volatility in the prices of the Companyʼs common stock; potential conflicts of interest arising from our ownership structure with a controlling stockholder; business uncertainties, including the effect of the Skydance transactions on the Companyʼs employees, commercial partners, clients and customers, and contractual restrictions while the Skydance transactions are pending; prevention, delay or reduction of the anticipated benefits of the Skydance transactions as a result of the conditions to closing the Skydance transactions; the Transaction Agreementʼs limitation on our ability to pursue alternatives to the Skydance transactions; risks related to a failure to complete the Skydance transactions, including payment of a termination fee and negative reactions from the financial markets and from our employees, commercial partners, clients and customers; risks related to change in control or other provisions in certain agreements that may be triggered by the Skydance transactions; litigation relating to the Skydance transactions potentially preventing or delaying the closing of the Skydance transactions and/or resulting in payment of damages; challenges realizing synergies and other anticipated benefits expected from the Skydance transactions, including integrating the Companyʼs and Skydanceʼs businesses successfully; potential unforeseen direct and indirect costs as a result of the Skydance transactions; any negative effects of the announcement, pendency or consummation of the Skydance transactions on the market price of the Companyʼs common stock and New Paramount Class B Common Stock; and other factors described in our news releases and filings with the Securities and Exchange Commission, including but not limited to our most recent Annual Report on Form 10-K and reports on Form 10-Q and Form 8-K. There may be additional risks, uncertainties and factors that we do not currently view as material or that are not necessarily known. The forward-looking statements included in this communication are made only as of the date of this communication, and we do not undertake any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances. PARA-IR View original content to download multimedia: https://www.prnewswire.com/news-releases/paramount-global-announces-redemption-of-its-4-750-senior-notes-due-may-2025--302334251.html SOURCE Paramount Global1 2 3 Nagpur: The 6th edition of the Delhi Public School Model United Nations ( DELMUN 6 .0) was a grand and spectacular event, bringing together various participants from all corners of Nagpur. The event, spanning two days, offered a perfect blend of rigorous diplomatic discourse and vibrant social interactions, making it a memorable occasion for all involved. The day started with the inaugural ceremony where the event was attended by the chief guest DCP (traffic) Archit Chandak. Tulika Kedia, president and pro-vice-chairperson of DPS Kamptee Road & Mihan and Savita Jaiswal, director of DPS Kamptee Road & Mihan sent their wishes and blessings for the event. Throughout the day, delegates immersed themselves in a series of dynamic and engaging committee sessions covering many global issues. DELMUN 6.0 featured a dynamic mix of traditional and innovative committees. Alongside staples like UN Women, DISEC, UNODC, and UNHRC, delegates explored creative committees inspired by fictional universes and real-world organizations, such as the Wizarding World, DMT, Interpol, God of War and IPL Legends. Indian-centric committees like the Ramayana, Lok Sabha, ICJ and the 1929 Lahore Session, offered a unique opportunity to engage with India's political and cultural history, enriching the overall experience. The day concluded with three rounds of intense debates. After a full day of thought-provoking sessions, the event's social night provided the perfect opportunity for delegates to relax and celebrate the hard work and dedication they had put into the proceedings. The social night was a well-deserved break from the fast-paced debates, offering everyone a chance to unwind, connect and celebrate the friendships forged during the event. Around 800 students from various schools across the city participated in the MUN conference, exploring the intricacies of international relations, global governance, and sustainable development while fostering a culture of diplomacy, cooperation, and global citizenship. Stay updated with the latest news on Times of India . Don't miss yearly career horoscopes 2025 for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .
Ellendale HPC Data Center Is Now Energized ELLENDALE, N.D., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital” or the "Company”), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, today announced a major milestone in the development of its purpose-built HPC data center in Ellendale, N.D., with the successful energization of its on-site main substation transformer. This milestone signals the facility's progression into the next stage of its build-out, setting the foundation for a data center capable of supporting cutting-edge AI and high-performance computing. The energization of the on-site main substation transformer marks a critical step toward bringing the Ellendale HPC campus fully online. This milestone was celebrated at an event that brought together key partners and stakeholders who have been instrumental in the project's development. Participants included representatives from Applied Digital, utility provider Montana-Dakota Utilities ("MDU”), and members of the Ellendale community, including Mayor Don Flaherty. "This energization milestone is a testament to the power of collaboration,” said Todd Gale, Chief Development Officer at Applied Digital. "We believe it demonstrates our progress in bringing our Ellendale HPC campus to life, showcasing both technological innovation and the strength of our partnerships with Ellendale and MDU. This achievement will allow the Company to initiate equipment commissioning activities, bringing us closer to delivering the infrastructure we believe will define the future of AI and digital transformation in Ellendale and beyond.” This milestone comes shortly after Applied Digital submitted a petition for annexation of its property to the City of Ellendale, a move aimed at further solidifying its partnership with the local community. The annexation is expected to bring increased revenue streams and expanded municipal services to the community, benefiting Ellendale, its residents, and the region. The partnership between Applied Digital and the City of Ellendale was recently recognized with the Community Impact award at the 18th Annual Data Center Dynamics Awards, underscoring the Company's unwavering commitment to the Ellendale community. About Applied Digital Applied Digital (Nasdaq: APLD) develops, builds and operates next-generation data centers and cloud infrastructure. Different by design, the Company's purpose-built facilities are engineered to unleash the power of accelerated compute and deliver secure, scalable and sustainable digital hosting, along with turnkey CSaaS and GPU-as-a-Service solutions. Backed by deep hyperscale expertise and a robust pipeline of available power, Applied Digital aims to accommodate AI Factories and beyond to support the world's most exacting AI/ML, blockchain and high-performance computing (HPC) workloads. Forward-Looking Statements This release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things, future operating and financial performance, product development, market position, business strategy and objectives. These statements use words, and variations of words, such as "will," "continue," "build," "future," "increase," "drive," "believe," "look," "ahead," "confident," "deliver," "outlook," "expect," and "predict." Other examples of forward-looking statements may include, but are not limited to, (i) statements of Company plans and objectives, including our evolving business model, or estimates or predictions of actions by suppliers, (ii) statements of future economic performance, and (iii) statements of assumptions underlying other statements and statements about the Company or its business. You are cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events and thus are inherently subject to uncertainty. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the Company's expectations and projections. These risks, uncertainties, and other factors include: our ability to complete construction of the Ellendale HPC data center; availability of financing to continue to grow our business; our ability to timely and successfully build new hosting facilities with the appropriate contractual margins and efficiencies; power or other supply disruptions and equipment failures; the inability to comply with developments and changes in regulation; cash flow and access to capital; decline in demand for our products and services; and maintenance of third-party relationships. Information in this release is as of the dates and time periods indicated herein, and the Company does not undertake to update any of the information contained in these materials, except as required by law. CONTACT: Investor Relations Contacts Matt Glover and Ralf Esper Gateway Group, Inc. (949) 574-3860 [email protected] Media Contact Buffy Harakidas, EVP and Jo Albers JSA (Jaymie Scotto & Associates) (856) 264-7827 [email protected]
Social Justice, Equality, Welfare Bedrock of Cong Govt: UttamManchester United’s decision to put up the cost of all members’ match tickets to £66 for the remainder of the season has been labelled “offensive” by the club’s leading supporters’ group. Manchester United Supporters’ Trust (MUST) revealed the club had informed the fans forum that changes to certain ticket policies will take effect immediately “and that this price will apply for kids and over-65s as well as adults”. The news comes as the club confirmed the cost of paying off former manager Erik ten Hag and his staff was £10.4million, while a release clause to bring in new head coach Ruben Amorim and his staff amounted to £11m. The figures were part of a longer version of the club’s first-quarter accounts which were released to the New York Stock Exchange on Wednesday. United and Everton fans are set to stage a protest against ticket prices ahead of their Premier League clash on Sunday. Supporters are being asked to gather next to the trinity statue outside Old Trafford to support the Football Supporters’ Association’s ‘Stop Exploiting Loyalty’ campaign. As well as increasing prices generally, fans are unhappy about the removal of concession tickets for certain groups. An MUST statement read: “Suffice it to say that the idea that the fans must pay their ‘fair share’ for the club’s excesses and/or mismanagement — and above all, the Glazers’ lack of investment over two decades — is offensive. “We fans have done everything we have been asked. We have cheered the players on even in the face of substandard performance. “We have objected to this action in the strongest possible terms, both for the action itself and the complete lack of consultation, which is a step backward based on the process we had agreed with the club before INEOS’ arrival. “Over the coming days MUST will be seeking urgent discussions with the club to get them to listen to fans’ concern at this policy. “United fans have sucked up a lot. We will not be silent on this and we need to be prepared to resist any attempts to further drive up ticket prices.” Supporters’ group The 1958 said along with United and Everton, both Liverpool and Manchester City supporters will also display an FSA banner ahead of their match on Sunday. “With 19 out of 20 Premier League clubs increasing ticket prices this season, FC58, Everton, Liverpool and City supporters will display the FSA banner to raise awareness that any future season ticket price increases, removal of concessions, and treating match-going supporters as an easy target to make quick revenues will not be tolerated,” the fans’ group said. “With the discussions around the rebuild or redevelopment of Old Trafford, we need to send a message to the club that we are laser focused on keeping football affordable and looking after our loyal, match-going fan base. “Manchester United have announced that they will be selling tickets to members for the remainder of the season at a minimum of £66 irrespective of if you are under 16, youth, OAP or disabled, which is a clear exploitation of the loyal fan base and their first move towards dynamic pricing.” We do not moderate comments, but we expect readers to adhere to certain rules in the interests of open and accountable debate.