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Citigroup Inc. lifted its stake in ALLETE, Inc. ( NYSE:ALE – Free Report ) by 28.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,635 shares of the utilities provider’s stock after acquiring an additional 28,612 shares during the quarter. Citigroup Inc.’s holdings in ALLETE were worth $8,321,000 as of its most recent filing with the Securities & Exchange Commission. Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in ALLETE by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 964,193 shares of the utilities provider’s stock worth $60,118,000 after purchasing an additional 52,499 shares during the period. Millennium Management LLC boosted its stake in shares of ALLETE by 955.1% in the 2nd quarter. Millennium Management LLC now owns 897,622 shares of the utilities provider’s stock worth $55,967,000 after buying an additional 812,548 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of ALLETE by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 766,343 shares of the utilities provider’s stock worth $49,192,000 after acquiring an additional 7,739 shares during the period. Gabelli Funds LLC increased its position in ALLETE by 59.1% during the second quarter. Gabelli Funds LLC now owns 441,564 shares of the utilities provider’s stock valued at $27,532,000 after acquiring an additional 164,064 shares during the last quarter. Finally, Alpine Associates Management Inc. lifted its holdings in ALLETE by 12.9% in the third quarter. Alpine Associates Management Inc. now owns 398,047 shares of the utilities provider’s stock valued at $25,551,000 after acquiring an additional 45,447 shares during the period. Institutional investors own 76.55% of the company’s stock. ALLETE Price Performance NYSE ALE opened at $64.88 on Friday. ALLETE, Inc. has a 52 week low of $54.90 and a 52 week high of $65.86. The company has a quick ratio of 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $3.75 billion, a P/E ratio of 20.79 and a beta of 0.80. The stock’s 50-day moving average price is $64.40 and its 200-day moving average price is $63.72. ALLETE Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be issued a $0.705 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.82 annualized dividend and a yield of 4.35%. This is an increase from ALLETE’s previous quarterly dividend of $0.70. ALLETE’s dividend payout ratio is currently 90.38%. Analyst Upgrades and Downgrades ALE has been the subject of a number of recent research reports. StockNews.com initiated coverage on ALLETE in a research note on Saturday, November 23rd. They set a “hold” rating for the company. Sidoti raised shares of ALLETE from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.00. Get Our Latest Stock Report on ALE ALLETE Profile ( Free Report ) ALLETE, Inc operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. In addition, the company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers. See Also Want to see what other hedge funds are holding ALE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ALLETE, Inc. ( NYSE:ALE – Free Report ). Receive News & Ratings for ALLETE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ALLETE and related companies with MarketBeat.com's FREE daily email newsletter .BOSTON , Dec. 13, 2024 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) (the "Fund") announced today that the Fund's annual stockholder meeting (the "Meeting") will be scheduled for Thursday, March 13, 2025 , via a virtual forum at 11:00 a.m. ET . Stockholders of record as of January 15, 2025 will be entitled to notice of, and to attend and vote at, the Meeting. The notice for the Meeting will be mailed to shareholders on or about February 10, 2025 . The Fund is a closed-end management investment company with the objective of seeking long-term capital appreciation by investing primarily in equity securities (i) of companies for which the principal securities trading market is in the People's Republic of China (" China "), or (ii) of companies for which the principal securities trading market is outside of China , or constituting direct equity investments in companies organized outside of China , that in both cases derive at least 50% of their revenues from goods and services sold or produced, or have at least 50% of their assets, in China . While the Fund is permitted to invest in direct equity investments of companies organized in China , it presently holds no such investments. Shares of the Fund are listed on the New York Stock Exchange under the ticker symbol "CHN". The Fund's investment manager is Matthews International Capital Management, LLC. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.As the dust settled and the euphoria of his victory began to fade, the trader found himself in uncharted territory. With his newfound wealth and fame, he faced a dilemma familiar to many who have tasted success in the fickle world of finance – what next? Would he double down on his winning strategy, seeking to replicate his success and ride the wave of Chinese stock gains even higher? Or would he take his profits and diversify his portfolio, safeguarding his newfound riches against the unpredictable whims of the market?( MENAFN - GetNews) Dubai - 13 December, 2024 - The recent unveiling of Google's 'Willow' quantum chip has ignited significant discussion throughout the ecosystem, sparking urgent questions about its implications for blockchain security. Leaders are in a unique position of responsibility to understand where we are in this rapidly evolving landscape and determine the necessary steps to address this formidable threat. As the unveiling of Willow triggered liquidations exceeding $1.7 billion , the industry is reeling from the real-world impact of heightened fears of future vulnerabilities. The question is no longer if quantum computing will disrupt blockchain security but when. In this moment of unknowing, where panic is growing, Quranium steps forward to shed light with the release of its previously unreleased Enterprise Quantum Readiness Survey . The survey, which was conducted among nearly 100 CTOs and IT executives from large global organisations across various sectors - reveals a critical gap: while 75% of organizations acknowledge the disruptive potential of quantum computing, 60% have yet to begin concrete preparations. This lack of readiness amplifies the urgency of action, especially as quantum technology rapidly transitions from theoretical to practical applications. A New Era of Risk The Willow chip's 105-qubit power demonstrates quantum computing's potential to render current cryptographic systems obsolete. Kapil Dhiman, CEO of Quranium, stresses the immediacy of the challenge: “Quantum computing will redefine digital security. Algorithms that have protected data for decades are now at risk, and industries must act quickly to build resilient systems that withstand this quantum disruption.” This warning is echoed in reports from leading organizations like NIST (National Institute of Standards and Technology), which predict the deprecation of critical encryption algorithms by 2030, alongside warnings about“harvest now, decrypt later” threats - where encrypted data is collected today for decryption in the quantum future. Survey Highlights: The State of Quantum Readiness Quranium's survey reveals critical insights into the state of enterprise quantum preparedness: What's Next? Bridging the Readiness Gap The quantum era is no longer a distant future-it is unfolding now. Quranium's Enterprise Quantum Readiness Survey highlights the urgent need for industries to shift from awareness to action. This isn't just a call for individual organizations to prepare but for the industry to unite under a cohesive strategy for resilience. DeQUIP (Decentralized Quantum-Uncrackable Infrastructure Protocol) represents a new market sector coined by Kapil Dhiman, CEO of Quranium. It serves as an industry standard that the ecosystem can join to collectively secure the decentralized world. Designed to safeguard decentralized systems against quantum threats, DeQUIP sets the standard for securing the digital future. Kapil Dhiman adds: “The industry must move beyond exploration and into execution. Quantum resilience isn't just about responding to a threat-it's about seizing the opportunity to redefine trust, security, and innovation in the digital age.” A Collective Call to Action The findings of the Enterprise Quantum Readiness Survey are a wake-up call for industries worldwide. With quantum computing already reshaping the technological landscape, the time to act is now. Organizations must assess their readiness, collaborate on solutions, and adopt quantum-resistant technologies to ensure their systems can withstand the quantum revolution. Quranium invites enterprises, policymakers, and innovators to join the movement toward a secure digital future. By aligning with standards like DeQUIP, we can collectively build a foundation that safeguards against the risks and harnesses the potential of quantum computing. For Further Details and Partnership Inquiries, Please Contact: Claire Cairns Mimi Ashmead-Bartlett Email: ... / ... About Quranium: Quranium is the quantum-uncrackable Layer 1 blockchain foundation for the future. Our decentralized ledger technology (DLT) infrastructure acts as a seamless, scalable bridge between Web2 and Web3, enabling digital adoption without compromising security. At the forefront of the ground-breaking new market sector known as DeQUIP (Decentralized Quantum-Uncrackable Infrastructure Protocol), Quranium is setting the benchmark for progress, redefining security in an ever-evolving digital landscape. We safeguard today's data while fortifying against the threats of tomorrow. Visit: Follow Quranium on Social Media: Together, let's shape a future where security, resilience, and decentralization are not just promises-they're the foundation. Join Quranium, be uncrackable. MENAFN13122024003238003268ID1108992010 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
In conclusion, the raid on the South Korean Defense Security Command has exposed a troubling breach of trust and integrity within the country's intelligence community. It serves as a stark reminder of the importance of oversight and accountability in ensuring the protection of national security and upholding the rule of law. As the investigation continues, the people of South Korea will be watching closely to see how the government addresses these serious allegations and works to rebuild public confidence in its intelligence agencies.Franklin Access (Formerly Franklin Wireless) Successfully Defends Shareholder LitigationWASHINGTON (AP) — President Joe Biden kicked off his final holiday season at the White House on Monday by issuing the traditional reprieve to two turkeys who will bypass the Thanksgiving table to live out their days in southern Minnesota. Biden welcomed 2,500 guests to the South Lawn under sunny skies as he cracked jokes about the fates of “Peach” and “Blossom” and sounded wistful tones about the last weeks of his presidency after a half-century in Washington power circles. “It’s been the honor of my life. I’m forever grateful,” Biden said, taking note of his impending departure on Jan. 20, 2025. That's when power will transfer to Republican President-elect Donald Trump, the man Biden defeated four years ago and was battling again until he was pressured to bow out of the race amid concerns about his age and viability. Biden is 82. Until Inauguration Day, the president and first lady Jill Biden will continue a busy run of festivities that will double as their long goodbye. The White House schedule in December is replete with holiday parties for various constituencies, from West Wing staff to members of Congress and the White House press corps. Biden relished the brief ceremony with the pardoned turkeys, named for the official flower of the president's home state of Delaware. “The peach pie in my state is one of my favorites,” he said during remarks that were occasionally interrupted by Peach gobbling atop the table to Biden's right. “Peach is making a last-minute plea,” Biden said at one point, drawing laughter from an overflow crowd that included Cabinet members, White House staff and their families, and students from 4H programs and Future Farmers of America chapters. Biden introduced Peach as a bird who “lives by the motto, ‘Keep calm and gobble on.’” Blossom, the president said, has a different motto: “No fowl play. Just Minnesota nice.” Peach and Blossom came from the farm of John Zimmerman, near the southern Minnesota city of Northfield. Zimmerman, who has raised about 4 million turkeys, is president of the National Turkey Federation, the group that has gifted U.S. presidents Thanksgiving turkeys since the Truman administration after World War II. President Harry Truman, however, preferred to eat the birds. Official pardon ceremonies did not become an annual White House tradition until the administration of President George H.W. Bush in 1989. With their presidential reprieve, Peach and Blossom will live out their days at Farmamerica, an agriculture interpretative center near Waseca in southern Minnesota. The center's aim is to promote agriculture and educate future farmers and others about agriculture in America. Separately Monday, first lady Jill Biden received the official White House Christmas tree that will be decorated and put on display in the Blue Room. The 18.5 foot (5.64 meters) Fraser fir came from a farm in an area of western North Carolina that recently was devastated by Hurricane Helene . Cartner’s Christmas Tree Farm lost thousands of trees in the storm “but this one remained standing and they named it ‘Tremendous’ for the extraordinary hope that it represents,” Jill Biden said at the event. The Bidens were also traveling to New York City on Monday for an evening “Friendsgiving” event at a Coast Guard station on Staten Island. Biden began his valedictory calendar Friday night with a gala for hundreds of his friends, supporters and staff members who gathered in a pavilion erected on the South Lawn, with a view out to the Lincoln Memorial. Cabinet secretaries, Democratic donors and his longest-serving staff members came together to hear from the president and pay tribute, with no evidence that Biden was effectively forced from the Democratic ticket this summer and watched Vice President Kamala Harris suffer defeat on Nov. 5. “I’m so proud that we’ve done all of this with a deep belief in the core values of America,” said Biden, sporting a tuxedo for the black-tie event. Setting aside his criticisms of Trump as a fundamental threat to democracy, Biden added his characteristic national cheerleading: “I fully believe that America is better positioned to lead the world today than at any point in my 50 years of public service.” The first lady toasted her husband with a nod to his 2020 campaign promise to “restore the soul of the nation,” in Trump’s aftermath. With the results on Election Day, however, Biden’s four years now become sandwiched in the middle of an era dominated by Trump's presence on the national stage and in the White House. Even as the first couple avoided the context surrounding the president's coming exit, those political realities were nonetheless apparent, as younger Democrats like Maryland Gov. Wes Moore , Illinois Gov. J.B. Pritzker and Biden's Secretary of Transportation Pete Buttigieg not only raised their glasses to the president but held forth with many attendees who could remain in the party's power circles in the 2028 election cycle and beyond. ___ Associated Press writer Steve Karnowski in Minneapolis contributed to this report.
Hate your boss but can’t quit? Here are eight things to do insteadIn conclusion, the incident of two individuals crafting fake customs declarations in hopes of safely passing through customs serves as a cautionary tale of the consequences of attempting to deceive authorities. Compliance with customs regulations and honesty in declaring goods are essential pillars of international travel and trade, and any attempt to circumvent these rules can lead to severe repercussions.
Legible’s Thanksgiving “Living Cookbook” with AI Sous Chef by Celebrity Cristina Ferrare to be Featured on Drew Barrymore ShowCitigroup Inc. Has $9.44 Million Stock Holdings in Cadence Bank (NYSE:CADE)In the ever-changing landscape of the tech industry, recent developments at Ant Group have caused ripples of uncertainty and speculation. The abrupt departure of CEO Jack Ma and the subsequent appointment of new leadership have raised questions about the future trajectory of the company. As Ant Group navigates these transitional waters, it is imperative for the organization to bolster its confidence and fortify its competitive edge.
DURHAM, N.H. (AP) — Kinkead Dent threw for 246 yards and ran for another 56 yards and a touchdown as UT Martin rolled to a 41-10 win over New Hampshire in an FCS first-round game on Saturday. The Skyhawks (9-4) advance to face unbeaten and top-seeded Montana State (12-0) in the second round. UT Martin's rushing game amassed 236 yards on 52 carries and five different backs reached the end zone. Meanwhile, the Skyhawks limited New Hampshire to 124 yards of total offense and held the Wildcats' run game to just 53 yards on 16 carries. Rashad Raymond scored from 4-yards out midway through the first quarter to put UT Martin on the board first and All-Big South/OVC first-team running back Patrick Smith added a 3-yard scoring run in the second to take a 17-7 lead. Dent capped an eight-play, 80-yard drive by nosing in from the 2 and Jaren Van Winkle kicked field goals from 30- and 36-yards to make it 24-7 at intermission. Trevonte Rucker scored from the 4 to start the fourth quarter and Glover Cook III punched in from the 1 to complete the scoring. Dent Completed 17 of 26 passes without an interception. Rucker caught nine passes for 98 yards and DeVonte Tanksley caught four for 81, including a 56-yard reception. Smith carried 15 times for 71 yards. Glover had 12 carries for 56. Seth Morgan was held to 14 of 35 passing with an interception for New Hampshire (8-5). Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football
The FFP regulations were put in place by UEFA to ensure financial stability and fair competition among clubs in European competitions. The rules are designed to prevent clubs from overspending and gaining an unfair advantage over their competitors. However, in recent years, there have been allegations that some clubs, including Manchester City, have flouted these regulations.The suspect, described as a brilliant young mind in the field of engineering and technology, had a seemingly bright future ahead of him. Known for his innovative projects and groundbreaking research, he was hailed as a rising star in the industry. However, this incident has cast a dark shadow over his reputation and raised questions about his motives and mental state.
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