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The Australian sharemarket has avoided an embarrassing start to the Christmas trading week, with the market operator managing to fix its system for processing trades made by investors. On Friday, trading on the ASX was hampered by a technical issue delaying the settlement of trades on its Clearing House Electronic Subregister System, known as CHESS. The glitch forced the market operator to defer settlements scheduled for Friday to Monday, December 23, leaving brokers in a jam as billions of dollars worth of transactions couldn’t be finalised. The ASX narrowly avoided a festive fumble on Monday morning after a key system for processing trades was hampered by a glitch on Friday. Credit: Dominic Lorrimer The ASX said on Sunday that it had successfully resolved the technical issue, with settlement services to start as normal and will process all trades from last Wednesday and Thursday held up by the glitch. The CHESS system manages the transaction of shares between a buyer and a seller. Had the issue not been resolved, the ASX could have been forced to delay the time of market opening on Monday, or at worst cancel trading altogether. The ASX suffered a full-day trading outage in November 2020, and the market operator’s effort to upgrade the ageing CHESS system, which is 30 years old, has suffered significant delays. However, investors are set to be rewarded with only a meagre rise on Monday following a grim week for both local and international stocks, despite a small rally in US markets on Friday. Local futures indicate at market open the S&P ASX200 will gain just 0.16 per cent to 8079 points. At the end of last week, the S&P500 rose 1.1 per cent for its best day in six weeks and shaved its loss for the week down to 2 per cent. The Dow Jones Industrial Average jumped 498 points, or 1.2 per cent, and the Nasdaq composite gained 1 per cent. Superstar stock Nvidia and other big tech companies led the market, which got a lift after a report said a measure of inflation the Federal Reserve likes to use, was slightly lower last month than economists expected. It’s an encouraging signal following recent reports suggesting inflation may be tough to get all the way down to the Fed’s 2 per cent goal from its peak above 9 per cent. The threat of higher inflation was one of the reasons Fed Chair Jerome Powell gave this week when the central bank hinted it may deliver fewer cuts to interest rates next year than it earlier expected. That warning sent a shock through the stock market, which had run to 57 all-time highs this year amid the widespread assumption the Fed would deliver a string of cuts to rates into 2025. Now traders are largely betting on one, two or perhaps even zero next year, according to data from CME Group. “When optimism is rising and market multiples are expanding, it just takes a little fear to take the veneer off a market rally,” according to Brian Jacobsen, chief economist at Annex Wealth Management. Friday’s better-than-expected inflation data pushed traders to trim their bets for zero cuts in 2025, which they now collectively see a 16 per cent chance of. Easier interest rates would boost the economy by making it cheaper for households and businesses to borrow, but they could also provide fuel for inflation. Critics had been warning stock prices were vulnerable to drops after running so high and that the market likely needed everything to go correctly to justify its stellar gains for the year. Besides the diminished hopes for several rate cuts next year, Wall Street got another reminder late Thursday that everything may not go as expected. In crypto markets, Bitcoin continues to toil under historical highs, dropping below $US100,000 at the end of last week where it remains, trading at $95,300 on Monday morning. In the bond market, Treasury yields eased. The yield on the 10-year Treasury fell to 4.52 per cent from 4.57 per cent late Thursday. In stock markets abroad, indexes fell modestly across much of Asia and Europe. - with AP The Market Recap newsletter is a wrap of the day’s trading. Get it each weekday afternoon .Amid a fall season characterized by restive shareholders seeking an activist bid to unseat senior management and change the trajectory of the company, Pfizer ( PFE 2.29% ) is communicating that everything is under control. Per its updated forecast for its 2024 and 2025 fiscal years on Dec. 17, the overarching message is that the pharma will continue to seek to control its costs while bolstering its portfolio of medicines as usual. But does that make the stock a buy, or is there reason to be cautious? Let's dig into the details here and make a judgment. This new forecast is a mixed bag To begin, let's compare the new outlook issued by management for 2025 with its recent performance to get a sense of how significant the coming 12 months will be for shareholders. Pfizer's trailing-12-month (TTM) revenue is $59.3 billion, whereas its TTM normalized diluted earnings per share (EPS) is $1.55. Per the updated projection for next year, the business anticipates bringing in revenue of as much as $64 billion, and adjusted diluted EPS of between $2.80 and $3.00. But here's where shareholders are apt to frown. According to the reaffirmed forecast for this year, 2024, the company expects to bring in as much as $64 billion in revenue, and as much as $2.95 in adjusted diluted EPS. See the issue? Even if things go well enough that sales and earnings end up in the upper ranges of management's forecasts, there won't be much in the way of top or bottom-line growth between 2024 and 2025. That means management's plan to implement $500 million in cost savings in 2025 will hardly make a dent. On the bright side, a separate cost-savings campaign dedicated to manufacturing specifically is expected to start to deliver in the second half of 2025, so that might make 2026 a bit better from an earnings perspective. Plus, the overlapping forecast for 2024 and 2025 are, to an extent, a mirage; after removing non-recurring items from this year's forecast performance, Pfizer thinks that its revenue could grow by as much as 5% and its adjusted diluted EPS by as much as 18% in 2025. Still, that isn't actually very reassuring, as management is frank that performing at the lower ends of its estimates would result in zero revenue growth and just 10% EPS growth year over year. The long term looks a bit better than the near term What should investors make of this update from management? For one, there hasn't been much discussion of how the business is going to grow faster in the near future than it is today, which suggests no upcoming major changes in strategy. The previously established goals of becoming more efficient, becoming a world leader in oncology drugs, and continuing to return capital to shareholders while reducing the company's debt burden are still in progress. Likewise, research and development (R&D) activities will continue to be fully funded, and while it hasn't been explicitly mentioned, there is a high probability that Pfizer will continue to look for opportunities to acquire promising biotechs or their pharmaceutical assets to bolster the pipeline. More importantly, shareholders need to brace themselves for another year of the stock being in the doldrums. There's no obvious pending catalyst that would enable big price appreciation. At the same time, if you're interested in collecting a dividend with a toothsome forward yield of 6.7%, right now looks like a great time to buy more shares or invest for the first time -- except for the fact that Pfizer is paying out significantly more than it's generating in earnings; its payout ratio is a lofty 223%. The risk of the dividend getting cut is not very high at the moment, but if weak growth continues for a couple of years longer, it could be on the table, especially if there's an unlucky run of late-stage programs that fail in the pipeline. With all of the above in mind, this stock is still worth buying, provided that you're willing to hold onto it through the slow period ahead. Just be aware that the risk is higher here than it would normally be with a big pharma stock, as this giant looks like it's moving slower than its shareholders might prefer.
Perdoceo Education Co. (NASDAQ:PRDO) Stock Holdings Lifted by Jennison Associates LLCNOx Sensors for Engine Exhaust Gas Market Growth, Trends, Opportunities with Key Companies 11-24-2024 12:25 PM CET | Advertising, Media Consulting, Marketing Research Press release from: WiseGuy Reports Nox Sensors For Engine Exhaust Gas Market Size was estimated at 16.22 USD Billion in 2023. The Nox Sensors For Engine Exhaust Gas Market Industry is expected to grow from 16.98 USD Billion in 2024 to 24.5 USD Billion by 2032. The Nox Sensors For Engine Exhaust Gas Market CAGR (growth rate) is expected to be around 4.69% during the forecast period (2025 - 2032). The NOx (Nitrogen Oxides) Sensors for Engine Exhaust Gas Market is experiencing significant growth due to increasing environmental regulations, the rising demand for fuel-efficient vehicles, and the growing awareness of air pollution. These sensors play a crucial role in monitoring and controlling the emission levels of nitrogen oxides in the exhaust gases of internal combustion engines. NOx, which includes nitrogen dioxide (NO2) and nitric oxide (NO), is a major contributor to air pollution, particularly in urban areas, and is subject to stringent regulatory standards globally. As governments enforce stricter emission norms, particularly in light of climate change concerns, the demand for NOx sensors in various industries, especially automotive, is on the rise. Request Free Sample Report at; https://www.wiseguyreports.com/sample-request?id=638330 Key Drivers of Market Growth One of the primary drivers of the NOx sensors market is the implementation of stringent emission regulations, such as Euro 6 (in Europe) and Tier 3 (in the United States), which mandate the reduction of harmful pollutants from vehicle exhausts. This has led to an increased demand for advanced emission control technologies, including NOx sensors, to ensure compliance. These sensors help optimize engine performance by measuring the concentration of NOx in the exhaust gases, allowing for better control of the engine's combustion process and the operation of selective catalytic reduction (SCR) systems or other emission reduction technologies. The rising adoption of diesel engines, particularly in commercial vehicles, has further boosted the demand for NOx sensors. Diesel engines, while more fuel-efficient, tend to produce higher levels of NOx emissions compared to gasoline engines. As such, NOx sensors are vital for monitoring and reducing these emissions to meet regulatory standards. Technological Advancements and Trends Technological innovations in NOx sensor design and functionality are shaping the market. Traditional NOx sensors are based on electrochemical or chemoresistive sensing technologies, but newer models incorporating wide-bandgap semiconductor sensors and solid-state sensing technologies are gaining traction due to their improved accuracy, durability, and ability to withstand high temperatures. These advancements are enabling better detection capabilities and longer sensor lifecycles, which are critical for meeting the demands of increasingly stringent emission regulations. In addition, the integration of NOx sensors with advanced engine management systems and telematics is a growing trend. These systems use data from NOx sensors to optimize fuel injection, exhaust gas recirculation (EGR), and other engine control strategies in real-time, enhancing vehicle performance and reducing emissions. Furthermore, developments in electric and hybrid vehicles, which also require emission monitoring, are likely to create new opportunities for NOx sensor manufacturers. Key Companies in the Nox Sensors For Engine Exhaust Gas Market Include: •Robert Bosch GmbH •Mitsubishi Electric Corporation •Delphi Technologies (Aptiv) •Honeywell International Inc. •NGK Spark Plug Co., Ltd. •DENSO CORPORATION •Hitachi Automotive Systems, Ltd. •Eaton Corporation •Aisin Seiki Co., Ltd. •TE Connectivity Ltd. •Sensata Technologies, Inc. •Sumitomo Electric Industries, Ltd. •BorgWarner Inc. •WABCO Holdings Inc. •Continental AG Access Complete PDF of this Report at; https://www.wiseguyreports.com/reports/nox-sensors-for-engine-exhaust-gas-market Challenges in the Market The primary challenge facing the NOx sensor market is the high cost of advanced sensors, which can be a significant burden for vehicle manufacturers and end-users. Additionally, the complexity of integrating NOx sensors with other emission control technologies, such as SCR systems and diesel particulate filters (DPF), can increase the overall cost of the emission control systems. Sensor failure due to high temperatures, vibrations, and exposure to harsh exhaust conditions is also a concern, which necessitates the development of more robust and reliable sensor technologies. Furthermore, counterfeit or substandard NOx sensors can affect the accuracy of emission readings, leading to compliance issues for vehicle manufacturers and their customers. As a result, ensuring quality standards and effective regulation of sensor production is essential for the continued growth of the market. Regional Market Insights The NOx Sensors for Engine Exhaust Gas Market shows substantial growth across various regions, with North America, Europe, and Asia-Pacific being the key markets. Europe, due to its strict emission standards and focus on environmental sustainability, remains a leading market for NOx sensors. The United States, with its stringent Tier 3 standards and increasing demand for diesel-powered commercial vehicles, also presents significant opportunities for sensor manufacturers. Asia-Pacific is expected to witness the highest growth rate, primarily driven by the rapid industrialization in countries like China and India, along with the increasing production and sales of vehicles. China's focus on reducing air pollution and tightening emission standards further supports the market for NOx sensors. Meanwhile, Japan's automotive industry continues to drive demand for advanced emission control technologies, particularly in hybrid and electric vehicles. Competitive Landscape The market for NOx sensors is competitive, with major players including Bosch, Continental AG, Delphi Technologies, and NGK Spark Plug Co., Ltd., offering a range of sensor products for automotive and industrial applications. These companies are focusing on technological innovations, strategic partnerships, and regional expansions to maintain a competitive edge. Additionally, emerging players are entering the market, often specializing in niche sensor technologies or offering cost-effective solutions to cater to growing demand in developing regions. Future Outlook The NOx Sensors for Engine Exhaust Gas Market is expected to continue its growth trajectory as emission regulations become even stricter, particularly in the light of global climate change initiatives. The shift towards cleaner, more sustainable transportation solutions, including the increasing adoption of hybrid and electric vehicles, will drive further advancements in NOx sensing technologies. Moreover, the growing demand for diesel engines in commercial sectors, along with ongoing efforts to reduce industrial emissions, will contribute to the market's expansion. In conclusion, the NOx Sensors for Engine Exhaust Gas Market is poised for sustained growth as both regulatory pressure and technological innovations continue to shape the automotive and industrial sectors. Manufacturers investing in research and development to improve sensor performance, reliability, and cost-effectiveness will be well-positioned to capitalize on the opportunities presented by the evolving market. 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We want our clients to have information that can be used to act upon their strategic initiatives. We, therefore, aim to be your trustworthy partner within dynamic business settings through excellence and innovation. By offering comprehensive market intelligence, our company enables corporate organizations to make informed choices, drive growth, and stay ahead in competitive markets. This release was published on openPR.
I began to panic when my car key wouldn’t come out of the ignition switch. I twisted it, yanked it, begged it and cursed it. Nothing worked. It was stuck. I had just pulled into the parking lot at my office in Munster and tried to turn off my car, a temperamental 2004 Chevy Monte Carlo with 314,000 miles. Her name is Betsy. Her engine kept running as my mind raced with what I should do next. I quickly sent a text to my mechanic for any suggestions. Then I sent a text to my boss, telling him I was stuck in our parking lot. I was at work, sort of, but not for long. I had to get to an interview, so I pulled out of the lot and headed in that direction while I figured out my next move. Should I leave my car running while doing that interview? Should I drive straight to the repair shop in Valparaiso? Should I pray to the car gods for mercy? The key ignition problem was just the latest in a series of minor but aggravating issues I’ve had with Betsy over the past few years. Passing an emissions test every two years has felt like acing a final exam in astrophysics. She’s slowly dying, and it feels like my driver seat is situated inside a casket. The SS decal on her side once stood for Super Sport. Now it stands for Super Sad. The dashboard lights blink like a Christmas tree. Her worn out brakes shake the car at fast stops. Exhaust fumes serve as an air freshener inside the car. My side mirror looks toward the sky, not at the road. The driver seat looks like it’s been mauled by a bear. The sunroof hasn’t worked in years. My seat hasn’t been heated since the first Obama administration. Betsy rattles, vibrates and smells like burnt oil. She is held together by rust, hope and stubbornness. On her rear bumper is a “26.2” sticker from the Chicago Marathon I ran back when Betsy and I were both in better condition. But she’s the one who’s still running a marathon, for vehicles anyway. Most modern cars can make it to 200,000 miles without any major issues if it’s well-maintained, according to J.D. Powers. The average owner drives 10,000 to 20,000 miles per year, accounting for roughly 15 years of service. Betsy has surpassed this by five years and 115,000 miles. She should be entombed at a junkyard by now, not leaking quarts of oil in my garage. But I just can’t part with her. She’s been my longest romantic relationship, and I love Betsy despite all of her rust, problems and potential dangers. She can die on me at any time. I’ve come to grips with this fact or fate. When she eventually makes that sad trip across the Rainbow Bridge, I will be forced to do something I haven’t done in 20 years: buy a new vehicle for myself. Black Friday and the weekend after Thanksgiving is a popular time for shoppers to look for a new or used vehicle, according to Kelley Blue Book. Auto manufacturers offer end-of-year deals, low interest rates and lower monthly payments. I was intrigued until I researched the average monthly car payment for U.S. drivers in 2024: $734 for new vehicles and $525 for used vehicles. What? Huh? Are you kidding me? My wife and I recently paid off her 2017 Buick Encore and its $400 monthly payments. We haven’t had a car payment in months. I asked my social media readers how much they’re paying each month for their vehicle, regardless if it was purchased new or used. Their responses gave me sticker shock: $1,384 a month for a 2024 BMW; $1,105 for a new Chevy Blazer; $920 for a 2022 Land Rover; $994 for a 2023 Dodge Ram Bighorn; $640 for a 2021 Chevy Trailblazer; and $438 for a used 2018 Chevrolet Equinox. Some readers said they were paying nearly as much for their car as their mortgage. “Wait until the tariffs hit the auto industry,” another reader wrote. Maybe I can keep old Betsy alive for another month or maybe another year? “Don’t you die on me,” I often tell her on the road. Every time I drive Betsy, I wonder if it will be the last time. I keep spare clothes and running shoes in the trunk, just in case. I’ve poured a few thousand dollars into her over the past 10 years. Not enough to scrap it, though. Last year, I had to finally scrap another family vehicle , a 2005 Hyundai Tucson, for $500. It was slowly dying from old age, parked at the curb for months, and in need of money we didn’t have to keep it alive. Before I scrap Betsy for a similar price, if that, I plan to keep her until death do us part. I figure I’m saving at least $500 a month, not to mention lower auto insurance premiums. If she makes it through winter, I’ll take a long cruise and play a love song we first heard together in 2004. Of course I’ll play it on a cassette or CD. Yep, they still work, sometimes. Davich writes for The Times of Northwest Indiana: Jerry.Davich@nwi.com . Get local news delivered to your inbox!HMC performs complex surgeries with innovative procedure
BOSTON — Forty years ago, Heisman Trophy winner Doug Flutie rolled to his right and threw a pass that has become one of college football’s most iconic moments. With Boston College trailing defending champion Miami, Flutie threw the Hail Mary and found receiver Gerard Phalen, who made the grab while falling into the end zone behind a pair of defenders for a game-winning 48-yard TD. Flutie and many of his 1984 teammates were honored on the field during BC’s 41-21 victory over North Carolina before the second quarter on Saturday afternoon, the anniversary of the Eagles’ Miracle in Miami. “There’s no way its been 40 years,” Flutie told The Associated Press on the sideline a few minutes before he walked out with some of his former teammates to be recognized after a video of The Play was shown on the scoreboards. A statue commemorating Doug Flutie's famed "Hail Mary" pass during a game against Miami on Nov. 23, 1994, sits outside Alumni Stadium at Boston College. Famous football plays often attain a legendary status with religious names like the "Immaculate Reception," the "Hail Mary" pass and the Holy Roller fumble. It’s a moment and highlight that’s not only played throughout decades of BC students and fans, but around the college football world. “What is really so humbling is that the kids 40 years later are wearing 22 jerseys, still,” Flutie said of his old number. “That amazes me.” That game was played on national TV the Friday after Thanksgiving. The ironic thing is it was originally scheduled for earlier in the season before CBS paid Rutgers to move its game against Miami, thus setting up the BC-Miami post-holiday matchup. Boston College quarterback Doug Flutie rejoices in his brother Darren's arms after B.C. defeats Miami with a last second touchdown pass on Nov. 23, 1984, in Miami. “It shows you how random some things are, that the game was moved,” Flutie said. “The game got moved to the Friday after Thanksgiving, which was the most watched game of the year. We both end up being nationally ranked and up there. All those things lent to how big the game itself was, and made the pass and the catch that much more relevant and remembered because so many people were watching.” There’s a statue of Flutie winding up to make The Pass outside the north gates at Alumni Stadium. Fans and visitors can often be seen taking photos there. “In casual conversation, it comes up every day,” Flutie said, when asked how many times people bring it up. “It brings a smile to my face every time we talk about it.” A week after the game-ending Flutie pass, the Eagles beat Holy Cross and before he flew off to New York to accept the Heisman. They went on to win the 49th Cotton Bowl on New Year’s Day. Boston College quarterback Doug Flutie evades Miami defensive tackle Kevin Fagan during the first quarter of a game on Nov. 23, 1984, in Miami, Fla. “Forty years seem almost like incomprehensible,” said Phalen, also standing on the sideline a few minutes after the game started. “I always say to Doug: ‘Thank God for social media. It’s kept it alive for us.”’ Earlier this week, current BC coach Bill O’Brien, 55, was asked if he remembered where he was 40 years ago. “We were eating Thanksgiving leftovers in my family room,” he said. “My mom was saying a Rosary in the kitchen because she didn’t like Miami and wanted BC to win. My dad, my brother and I were watching the game. “It was unbelievable,” he said. “Everybody remembers where they were for the Hail Mary, Flutie pass.” Mike Tyson, left, slaps Jake Paul during a weigh-in ahead of their heavyweight bout, Thursday, Nov. 14, 2024, in Irving, Texas. (AP Photo/Julio Cortez) In this image taken with a slow shutter speed, Spain's tennis player Rafael Nadal serves during a training session at the Martin Carpena Sports Hall, in Malaga, southern Spain, on Friday, Nov. 15, 2024. (AP Photo/Manu Fernandez) A fan takes a picture of the moon prior to a qualifying soccer match for the FIFA World Cup 2026 between Uruguay and Colombia in Montevideo, Uruguay, Friday, Nov. 15, 2024. (AP Photo/Santiago Mazzarovich) Rasmus Højgaard of Denmark reacts after missing a shot on the 18th hole in the final round of World Tour Golf Championship in Dubai, United Arab Emirates, Sunday, Nov. 17, 2024. (AP Photo/Altaf Qadri) Taylor Fritz of the United States reacts during the final match of the ATP World Tour Finals against Italy's Jannik Sinner at the Inalpi Arena, in Turin, Italy, Sunday, Nov. 17, 2024. (AP Photo/Antonio Calanni) Dallas Cowboys wide receiver Jalen Tolbert (1) fails to pull in a pass against Atlanta Falcons cornerback Dee Alford (20) during the second half of an NFL football game, Sunday, Nov. 3, 2024, in Atlanta. (AP Photo/ Brynn Anderson) Green Bay Packers quarterback Jordan Love, top right, scores a touchdown during the second half of an NFL football game against the Chicago Bears in Chicago, Sunday, Nov. 17, 2024. (AP Photo/Nam Y. Huh) India's Tilak Varma jumps in the air as he celebrates after scoring a century during the third T20 International cricket match between South Africa and India, at Centurion Park in Centurion, South Africa, Wednesday, Nov. 13, 2024. (AP Photo/Themba Hadebe) Columbus Blue Jackets defenseman Zach Werenski warms up before facing the Seattle Kraken in an NHL hockey game Tuesday, Nov. 12, 2024, in Seattle. (AP Photo/Lindsey Wasson) Kansas State players run onto the field before an NCAA college football game against Arizona State Saturday, Nov. 16, 2024, in Manhattan, Kan. (AP Photo/Charlie Riedel) A fan rapped in an Uruguay flag arrives to the stands for a qualifying soccer match against Colombia for the FIFA World Cup 2026 in Montevideo, Uruguay, Friday, Nov. 15, 2024. (AP Photo/Matilde Campodonico) People practice folding a giant United States flag before an NFL football game between the Buffalo Bills and the Kansas City Chiefs, Sunday, Nov. 17, 2024, in Orchard Park, N.Y. (AP Photo/Julia Demaree Nikhinson) Brazil's Marquinhos attempts to stop the sprinklers that were turned on during a FIFA World Cup 2026 qualifying soccer match against Venezuela at Monumental stadium in Maturin, Venezuela, Thursday, Nov. 14, 2024. (AP Photo/Ariana Cubillos) Dallas Stars center Mavrik Bourque, right, attempts to score while Minnesota Wild right wing Ryan Hartman (38) and Wild goaltender Filip Gustavsson (32) keep the puck out of the net during the second period of an NHL hockey game, Saturday, Nov. 16, 2024, in St. Paul, Minn. (AP Photo/Ellen Schmidt) Mike Tyson, left, fights Jake Paul during their heavyweight boxing match, Friday, Nov. 15, 2024, in Arlington, Texas. (AP Photo/Julio Cortez) Italy goalkeeper Guglielmo Vicario misses the third goal during the Nations League soccer match between Italy and France, at the San Siro stadium in Milan, Italy, Sunday, Nov. 17, 2024. (AP Photo/Luca Bruno) Cincinnati Bengals tight end Mike Gesicki (88) celebrates after scoring a touchdown against the Las Vegas Raiders during the second half of an NFL football game in Cincinnati, Sunday, Nov. 3, 2024. (AP Photo/Carolyn Kaster) President-elect Donald Trump attends UFC 309 at Madison Square Garden, Saturday, Nov. 16, 2024, in New York. (AP Photo/Evan Vucci) Slovakia's Rebecca Sramkova hits a return against Danielle Collins, of the United States, during a tennis match at the Billie Jean King Cup Finals at the Martin Carpena Sports Hall, Thursday, Nov. 14, 2024, in Malaga, southern Spain. (AP Photo/Manu Fernandez) St. John's guard RJ Luis Jr. (12) falls after driving to the basket during the second half of an NCAA college basketball game against New Mexico, Sunday, Nov. 17, 2024, in New York. (AP Photo/Pamela Smith) England's Anthony Gordon celebrates after scoring his side's second goal during the UEFA Nations League soccer match between England and the Republic of Ireland at Wembley stadium in London, Sunday, Nov. 17, 2024. (AP Photo/Kin Cheung) Las Vegas Raiders wide receiver DJ Turner, right, tackles Miami Dolphins wide receiver Malik Washington, left, on a punt return during the second half of an NFL football game, Sunday, Nov. 17, 2024, in Miami Gardens, Fla. (AP Photo/Lynne Sladky) UConn's Paige Bueckers (5) battles North Carolina's Laila Hull, right, for a loose ball during the second half of an NCAA college basketball game in Greensboro, N.C., Friday, Nov. 15, 2024. (AP Photo/Ben McKeown) Georgia's Georges Mikautadze celebrates after scoring his side's first goal during the UEFA Nations League, group B1 soccer match between Georgia and Ukraine at the AdjaraBet Arena in Batumi, Georgia, Saturday, Nov. 16, 2024. (AP Photo/Tamuna Kulumbegashvili) Fans argue in stands during the UEFA Nations League soccer match between France and Israel at the Stade de France stadium in Saint-Denis, outside Paris, Thursday Nov. 14, 2024. (AP Photo/Thibault Camus) Katie Taylor, left, lands a right to Amanda Serrano during their undisputed super lightweight title bout, Friday, Nov. 15, 2024, in Arlington, Texas. (AP Photo/Julio Cortez) Get local news delivered to your inbox!Donald Trump won the presidency on a platform to make America great again. A majority of Americans supported this goal, so it makes sense to remind ourselves of what it is that actually makes America great. Many interpreted Trump’s MAGA call to be about culture issues that resonated with them: abortion, gun rights, strict gender definitions. Some believed that law and order have come under attack. Trump’s promises to “drain the swamp” appealed to a significant number of people. And others were just worried about the price of eggs or gasoline. What is it that really makes America great? The genius of the American regime is our written Constitution, which — however flawed — represented a vast improvement over previous legal systems. England did not have a written constitution, and this allowed the king and a compliant legislature to do whatever they wanted to do. Our Declaration of Independence called this tyranny. Our Constitution’s central message is that the power of government must be limited. To that end, our founders established a complicated system of bicameralism, separation of powers and checks and balances. These honored institutions were designed to discourage tyranny by any one person and to discourage what they called “majority tyranny,” where the majority forces its priorities on the minority in a way that threatens its rights. These institutions create intentional inefficiencies; they slow down the decision-making process to allow multiple opportunities for people of opposing views to modify and sometimes block executive or legislative action. Our built-in inefficiencies are frustrating, and it is true that they don’t always work as well as they should. But they were our founders’ best effort to, as Madison put it in Federalist 10, provide “a republican remedy to the diseases most incident to republican government.” No government can be perfect, but including institutional inefficiencies has been, I believe, a great contribution to our country’s success and well being. We can always work to correct mistakes in the Constitution or make changes that seem better to us in the modern era. We can amend the Constitution. But we put ourselves at risk if we think that ignoring or bypassing bicameralism, separation of powers or checks and balances will make our country great again. These institutions are central to what made us great in the first place. And now, Republicans will be tested. Donald Trump understands that many Americans have grown frustrated with the government’s inefficiency, and he has promised to take immediate action to solve the country’s problems. But the Constitution (Article II, Section 2) requires the “advice and consent” of the Senate for many of his recent nominations for top positions in his administration. He has let it be known that he wants the Senate to vote to adjourn itself so he can make what are known as recess appointments, which would sidestep this constitutional requirement. This is an abuse of the Senate’s solemn responsibility and the Constitution. The Senate confirmation process can delay the appointment of administration nominees, and many Americans are in no mood for delays. But the Senate confirmation process has a real purpose. Sometimes presidents make poor choices, and sometimes the Senate hearings bring out issues that need reasoned consideration. It is a slow process, but it is designed for that reason to keep too much power from resting with any president. If the Senate caves to pressure from Trump, it will be abandoning one of its important constitutional responsibilities. And that will send a signal not only to Trump but to all future presidents — including Democratic presidents-- that it is ceding power and authority to the executive branch. No single branch of government should have that much power. Even if many Republicans are convinced that Trump’s nominees are excellent choices (and many Republicans have already expressed concerns), the confirmation process is an essential hurdle to giving presidents what they want. It allows for careful scrutiny of nominees, it gives moderate Republicans a chance to take a stand, and it gives the opposition party a chance to make its case. Will Republicans pass their first test under Trump and show that their Democratic critics are wrong? Will they hold regular confirmation hearings for all of Trump’s executive nominees that require senatorial approval? Or will they allow the president to pressure them into ignoring the Constitution? A majority of Americans are impatient with the processes that are central to our Constitution. This is a time for Republican senators to stand and be counted. Taking shortcuts around the Constitution to get things done will not make America great again; it would actually weaken the institution of Congress, diminish America and set a dangerous precedent for the future. Solomon D. Stevens of North Charleston is a retired professor of constitutional law, American government and political theory. He is a regular contributor to The Post and Courier Opinion section. He can be reached at soldenstevens18@outlook.com
PNC Financial Services Group Inc. lifted its stake in shares of Baker Hughes ( NASDAQ:BKR – Free Report ) by 13.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 134,735 shares of the company’s stock after purchasing an additional 15,477 shares during the period. PNC Financial Services Group Inc.’s holdings in Baker Hughes were worth $4,871,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also modified their holdings of BKR. Ashton Thomas Securities LLC acquired a new stake in shares of Baker Hughes during the 3rd quarter worth approximately $30,000. New Covenant Trust Company N.A. acquired a new stake in Baker Hughes during the 1st quarter worth $34,000. Alta Advisers Ltd bought a new stake in shares of Baker Hughes during the 2nd quarter valued at $42,000. Headlands Technologies LLC bought a new position in shares of Baker Hughes in the 2nd quarter worth $48,000. Finally, Quarry LP grew its stake in shares of Baker Hughes by 81.1% during the second quarter. Quarry LP now owns 1,594 shares of the company’s stock worth $56,000 after purchasing an additional 714 shares during the period. Institutional investors and hedge funds own 92.06% of the company’s stock. Baker Hughes Trading Down 1.4 % Shares of NASDAQ:BKR opened at $44.25 on Friday. The company has a 50-day simple moving average of $38.54 and a 200 day simple moving average of $35.63. The company has a market capitalization of $43.79 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 0.76 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.30. Baker Hughes has a 52-week low of $28.32 and a 52-week high of $45.17. Baker Hughes Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.84 annualized dividend and a yield of 1.90%. Baker Hughes’s dividend payout ratio is currently 37.67%. Analysts Set New Price Targets A number of equities analysts have issued reports on the company. Susquehanna raised their target price on Baker Hughes from $46.00 to $48.00 and gave the stock a “positive” rating in a report on Thursday, October 24th. Stifel Nicolaus boosted their price objective on shares of Baker Hughes from $40.00 to $45.00 and gave the company a “buy” rating in a report on Monday, July 29th. Morgan Stanley increased their target price on shares of Baker Hughes from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $43.00 price target on shares of Baker Hughes in a report on Thursday, October 24th. Finally, Wells Fargo & Company raised Baker Hughes from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $40.00 to $42.00 in a research note on Wednesday, September 25th. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.59. View Our Latest Stock Analysis on Baker Hughes About Baker Hughes ( Free Report ) Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations. Featured Stories Want to see what other hedge funds are holding BKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baker Hughes ( NASDAQ:BKR – Free Report ). Receive News & Ratings for Baker Hughes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes and related companies with MarketBeat.com's FREE daily email newsletter .Should You Buy Super Micro Computer Stock After Its 1,480% Gain in 5 Years? Wall Street Has a Clear Answer for Investors.
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