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Retailers coax Black Friday shoppers into stores with big discounts and giveaways NEW YORK (AP) — Retailers in the U.S. have used giveaways and bigger-than expected discounts to reward shoppers who ventured out on Black Friday. The day after Thanksgiving still reigns for now as the unofficial kickoff of the holiday shopping season even if it’s lost some luster. Analysts reported seeing the biggest crowds at stores that offered real savings. They say many shoppers are being cautious with their discretionary spending despite the easing of inflation. Stores are even more under the gun to get shoppers in to buy early and in bulk since there are five fewer days between Thanksgiving and Christmas this year. Online sales figures from Thanksgiving Day gave retailers a reason to remain hopeful for a lucrative end to the year. Southwest Airlines says it is ending cabin service earlier to reduce chance of injury Southwest Airlines is ending its cabin service earlier starting next month. Beginning on Dec. 4, a company spokesperson says flight attendants will begin preparing the cabin for landing at an altitude of 18,000 feet instead of 10,000 feet. The company says it's making the changes to reduce the risk of in-flight turbulence injuries. For passengers, that means they will need to return their seats to an upright position or do other pre-landing procedures earlier than before. While turbulence-related fatalities are quite rare, injuries have piled up over the years. Why your favorite catalogs are smaller this holiday season PORTLAND, Maine (AP) — While retailers hope to go big this holiday season, customers may notice that the catalogs arriving in their mailboxes are smaller. Many of the millions of catalogs getting sent to U.S. homes were scaled down to save on postage and paper. Some gift purveyors are sending out postcards. In a sign of the times, the American Catalog Mailers Association rebranded itself in May as the American Commerce Marketing Association. Despite no longer carrying an extended inventory of goods, industry experts say catalogs help retailers cut through the noise and still hold their own in value because of growing digital advertising costs. Canada's Trudeau returns home after Trump meeting without assurances that tariffs are off the table WEST PALM BEACH, Fla. (AP) — Canadian Prime Minister Justin Trudeau is returning home after his meeting with Donald Trump without assurances the president-elect will back away from threatened tariffs on all products from the major American trading partner. Trump says the dinner talks Friday night at his Mar-a-Lago club in Florida were “productive.” But he signaling no retreat from a pledge that Canada says unfairly lumps it in with Mexico over the flow of drugs and migrants into the United States. Trudeau spoke of “an excellent conversation” but offered no details. Trump said in a Truth Social post later Saturday that they discussed “many important topics that will require both Countries to work together to address.” Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts WASHINGTON (AP) — Republicans swept to power on Election Day and now control the House, the Senate and the White House, with plans for an ambitious 100-day agenda come January. Their to-do list includes extending tax breaks, cutting social programs, building the border wall to stop immigration and rolling back President Joe Biden's green energy policies. Atop that list is a plan to renew some $4 trillion in expiring tax cuts that were a signature domestic achievement of Republican Donald Trump’s first term as president. It's an issue that may define his return to the White House. The ruble's in a slump. For the Kremlin, that's a two-edged sword Russia’s ruble is sagging against other currencies, complicating the Kremlin’s efforts to keep consumer inflation under control with one hand even as it overheats the economy with spending on the war against Ukraine with the other. Over time a weaker ruble could mean higher prices for imports from China, Russia's main trade partner these days. President Vladimir Putin says things are under control. One wild card is sanctions against a key Russian bank that have disrupted foreign trade payments. If Russia finds a workaround for that, the ruble could regain some of its recent losses. Iceland votes for a new parliament after political disagreements force an early election REYKJAVIK, Iceland (AP) — Icelanders are electing a new parliament after disagreements over immigration, energy policy and the economy forced Prime Minister Bjarni Benediktsson to pull the plug on his coalition government and call early elections. This will be Iceland’s sixth general election since the 2008 financial crisis devastated the economy of the North Atlantic island nation and ushered in a new era of political instability. Opinion polls suggest the country may be in for another upheaval, with support for the three governing parties plunging. Benediktsson, who was named prime minister in April following the resignation of his predecessor, struggled to hold together the unlikely coalition of his conservative Independence Party with the centrist Progressive Party and the Left-Green Movement. Massachusetts lawmakers push for an effort to ban all tobacco sales over time BOSTON (AP) — A handful of Massachusetts lawmakers are hoping to persuade their colleagues to support a proposal that would make the state the first to adopt a ban meant to eliminate the use of tobacco products over time. Other locations have weighed similar “generational tobacco bans.” The bans phase out the use of tobacco products based not just on a person's age but on birth year. Lawmakers plan to file the proposal next year. If approved, the bill would set a date and ban the sale of tobacco to anyone born after that date forever, eventually banning all sales. Vietnam approves $67 billion high-speed railway project between Hanoi and Ho Chi Minh city HANOI, Vietnam (AP) — Vietnam has approved the construction of a high-speed railway connecting the capital Hanoi in the north with the financial capital of Ho Chi Minh in the south. It is expected to cost $67 billion and will stretch 1,541 kilometers (957 miles). The new train is expected to travel at speeds of up to 350 kph (217 mph), reducing the journey from the current 30 hours to just five hours. The decision was taken by Vietnam’s National Assembly on Saturday. Construction is expected to begin in 2027 and Vietnam hopes that the first trains will start operating by 2035. But the country has been beleaguered by delays to its previous infrastructure projects. Inflation rose to 2.3% in Europe. That won't stop the central bank from cutting interest rates FRANKFURT, Germany (AP) — Inflation in the 20 countries that use the euro currency rose in November — but that likely won’t stop the European Central Bank from cutting interest rates as the prospect of new U.S. tariffs from the incoming Trump administration adds to the gloom over weak growth. The European Union’s harmonized index of consumer prices rose 2.3 percent, up from 2.0% in October, according to EU statistics agency Eurostat. However, worries about growth mean the Dec. 12 ECB meeting is not about whether to cut rates, but by how much. Market buzz says there could be a larger than usual half-point cut in the benchmark rate, currently 3.25%.
MOL Introduces Special Incentive Program for Employee Shareholding Plan-Aims to Enhance Engagement of Group Employees and Strengthen ‘Human Capital Management’China advances foreign trade with higher-quality products exported and more imports from LDCs
In the race of meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB) are the two foremost currencies creating paradigm shifts along the way. Dogecoin continues to rule the roost in terms of trading volume and an ardent community, while Shiba Inu is coming up quickly with new developments in the ecosystem and a growing burn rate. Of course, these two are the heavyweights in the meme coin narrative; however, there is one emerging player that might overshadow both of them—Rexas Finance (RXS). Let us analyze how both DOGE and SHIB are performing and, more importantly, how RXS has captured the attention of investors. Dogecoin (DOGE): The Original Meme Coin DOGE is currently priced at $0.3847, and it continues to remain robust, with a market cap of $56.51 billion. In the last 24 hours, more than $10 billion worth of trading volume has been recorded, which is more than the trading volume of other meme coins combined, creating waves of interest amongst whales and even retail investors. The bullish thrust of DOGE appears to be supported by technicals. Cryptography experts are predicting strong movement as the price has moved above its 50-day and 200-day EMAs. The ADX has augmented to the 30 level, and this, too, adds to the bullish argument supporting the current surge. The price action of the underlying asset indicates that DOGE has also penetrated the important 50% Fibonacci retracement area, with its MVRV ratio suggesting more growth points. Analysts believe if DOGE breaches $0.7350, it could very well head towards the never-achieved $1 mark, as this is a 156% increase from the current price. Shiba Inu (SHIB): Poised to Steal the Spotlight Presently valued at $0.00002406 and ranking within the $14.18 billion range, SHIB has been in the crypto investor view following a 200% spike in its burn rate. This drastic supply cut is now gaining weight for future value increases, further boosted by whale activity and ecosystem developments such as Shibarium and Shibburn. SHIB bears are steadily losing ground as Shiba Inu consolidates around the 50-day MA. Analysts and technical indicators throw a bullish edge on SHIB, stating the token will break out and target even deeper resistance levels. If SHIB manages to pass the first key barrier set at $0.000025, a potential target shift is set towards $0.000037. At this point, SHIB would have the likely potential to perform a parabolic move, leaving behind DOGE, as its movement velocity would be much larger. Rexas Finance (RXS): Ready to Lead in the Meme Coin Revolution While the media’s attention is focused on the hype surrounding Dogecoin and Shiba Inu, Rexas Finance (RXS), on the other hand, is strategically positioning itself in the crypto space as a game-changing project. Having begun its presale activity at $0.08, RXS has secured $11.26 million in presale funds and sold 188.28 million out of its total 200 million securities and tokens. RXS has utility value and a developed ecosystem. Rexas Finance is an ERC-20 token on the Ethereum blockchain focusing on real-world asset tokenization. Users can invest in real estate or artworks and share ownership of these assets via platforms like Rexas Estate. This shift of asset ownership into the public domain may be a substantial force for wider participation in elite markets. RXS makes use of decentralized finance (DeFi) components and synthetic A.I. forms to provide users with better investment opportunities and control. The intervention of DeFi allows operations in a secure and clean environment, while A.I.-enabled apps bring quality analytics that assist in making investment decisions. Such features make RXS a futuristic token with numerous real-world use cases. Rexas Finance has completed a CertiK audit, which certifies the security and transparency of the platform. Along with its listing on CoinMarketCap and CoinGecko, its credibility and presence in the market have also been raised. To foster community engagement, RXS has launched a $1 million giveaway, rewarding 20 winners with $50,000 worth of tokens each. This initiative highlights RXS’s commitment to building a loyal and active user base. Conclusion: How RXS Will Take Over the Meme Coin Industry Rexas Finance is a cryptocurrency, but more importantly, it is an ecosystem that seeks to provide real-life solutions using blockchain technology. Whereas Dogecoin and Shiba Inu offer good prospects in the meme coin market, RXS represents a more advanced opportunity for investors. Through its distinctive mechanism in asset tokenization, coupled with its strong presales and community involvement, RXS becomes an ideal investment target for investors looking for good returns. Rexas Finance is ideal for all those who want to ride the next wave of crypto expansions; the difference is that it gives a real-use case token, a unique ecosystem, and plenty of growth opportunities. As the meme coin space changes and redesigns itself, so does RXS. In fact, it appears this will be the frontrunner, bringing in a valuable market for its investors. Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp _____________ Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
War-weary villages in Lebanon’s south find hope in Christmas festivitiesAcross the recent three months, 4 analysts have shared their insights on Paymentus Holdings PAY , expressing a variety of opinions spanning from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 2 0 0 Last 30D 0 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 2 0 0 3M Ago 0 1 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $30.25, along with a high estimate of $36.00 and a low estimate of $25.00. Observing a 29.38% increase, the current average has risen from the previous average price target of $23.38. Decoding Analyst Ratings: A Detailed Look The standing of Paymentus Holdings among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Will Nance Goldman Sachs Raises Neutral $33.00 $23.50 Andrew Bauch Wells Fargo Raises Equal-Weight $27.00 $21.00 David Koning Baird Raises Outperform $36.00 $25.00 David Koning Baird Raises Outperform $25.00 $24.00 Key Insights: Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Paymentus Holdings. This offers insight into analysts' perspectives on the current state of the company. Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Paymentus Holdings compared to the broader market. Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Paymentus Holdings's stock. This comparison reveals trends in analysts' expectations over time. Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Paymentus Holdings's market position. Stay informed and make well-informed decisions with our Ratings Table. Stay up to date on Paymentus Holdings analyst ratings. About Paymentus Holdings Paymentus Holdings Inc provides electronic bill presentment and payment services, enterprise customer communication and self-service revenue management to billers and financial institutions through a Software-as-a-Service, (SaaS), secure, omni-channel technology platform. The platform integrates into a biller's core financial and operating systems to provide flexible and secure access to payment processing of credit cards, debit cards, eChecks and digital wallets across a number of channels including online, mobile, IVR, call center, chatbot and voice-based assistants. The Company generates revenue from payment transaction fees processed through the Company's platform. The fees are generated as a percentage of transaction value or a specified fee per transaction. Breaking Down Paymentus Holdings's Financial Performance Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers. Revenue Growth: Paymentus Holdings's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 51.93% . This signifies a substantial increase in the company's top-line earnings. When compared to others in the Financials sector, the company excelled with a growth rate higher than the average among peers. Net Margin: Paymentus Holdings's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 6.23%, the company may face hurdles in effective cost management. Return on Equity (ROE): Paymentus Holdings's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 3.14%, the company may face hurdles in achieving optimal financial returns. Return on Assets (ROA): Paymentus Holdings's ROA excels beyond industry benchmarks, reaching 2.67% . This signifies efficient management of assets and strong financial health. Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.02 . Analyst Ratings: Simplified Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs. Which Stocks Are Analysts Recommending Now? Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market . This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
In late December, Donald Trump suggested the United States should retake control of the Panama Canal in his second term. He claims Panama is imposing “ridiculous” fees on ships passing through this vital waterway connecting the Atlantic and Pacific Oceans. The Panama Canal is a man-made waterway that cuts through central Panama for 51 miles, using a system of locks and reservoirs to connect the Atlantic and Pacific Oceans. This route saves ships from traveling an extra 7,000 miles around South America’s Cape Horn. “The Panama Canal is considered a VITAL National Asset for the United States, due to its critical role to America’s Economy and National Security,” Trump said on Truth Social on Dec. 21. “The fees being charged by Panama are ridiculous, especially knowing the extraordinary generosity that has been bestowed to Panama by the U.S. This complete ‘rip-off’ of our Country will immediately stop,” he added. Trump repeated these claims during a speech at Turning Point USA’s AmericaFest in Arizona on Dec. 22. “If the principles, both moral and legal, of this magnanimous gesture of giving are not followed, then we will demand that the Panama Canal be returned to the United States of America in full quickly and without question,” he said. Following Trump’s comments, Google search data shows there’s been a spike in searches of people asking which country — the U.S. or Panama — has authority over the Panama Canal. THE QUESTION Does the U.S. have any authority over the Panama Canal? THE SOURCES Panama Canal Authority The Embassy of Panama U.S. Department of State’s Office of the Historian U.S. Census Bureau The Library of Congress Panamanian President José Raúl Mulino GovInfo , a service of the United States Government Publishing Office that provides free public access to official publications from all three branches of the federal government Jorge Luis Quijano, the Panama Canal administrator from 2014 to 2019, Benjamin Gedan, Ph.D. , director of the Latin America Program at the Woodrow Wilson International Center for Scholars in Washington, D.C. THE ANSWER No, the U.S. does not have any authority over the Panama Canal, but it used to. Sign up for the VERIFY Fast Facts daily Newsletter! WHAT WE FOUND The U.S. does not have any authority over the Panama Canal. The waterway, which was built by the U.S. in the early 1900s, opened in 1914 and remained under U.S. government control until treaties signed in 1977 by President Jimmy Carter set terms for its eventual transfer to Panama. The two countries jointly operated the canal until December 1999, after which Panama assumed full control. On Dec. 22, in response to Trump’s comments, Panamanian President José Raúl Mulino posted a video on X declaring that “every square meter of the canal belongs to Panama and will continue to belong” to his country. Without mentioning Trump by name, Mulino addressed the president-elect’s complaints over rising fees for ships crossing the canal, saying they are set by experts who take into account operational costs, and supply and demand factors. “The tariffs are not set on a whim,” Mulino said. He noted that Panama has expanded the canal over the years to increase ship traffic “on its own initiative,” and added that shipping fee increases help pay for improvements. “Panamanians may have different views on many issues, but when it comes to our canal, and our sovereignty, we will all unite under our Panamanian flag,” Mulino said. A little over an hour later, Trump responded to Mulino’s remarks on Truth Social, saying: “We’ll see about that!” He also posted a picture of a U.S. flag planted in the canal zone under the phrase, “Welcome to the United States Canal!” The Panama Canal’s history An effort to establish a canal through Panama began with the French in 1880, but financial troubles made the initiative fail after nearly nine years of little progress, according to the Embassy of Panama in the United States . Malaria, yellow fever and other tropical diseases devastated a workforce that was already struggling with especially dangerous terrain and harsh working conditions in the jungle. These conditions eventually cost more than 20,000 lives by some estimates, the U.S. Department of State’s Office of the Historian says on its website . At this time, Panama was a province of Colombia, which refused to ratify a subsequent 1901 treaty licensing U.S. interests to build the Panama Canal. President Theodore Roosevelt responded to Colombia’s refusal by dispatching U.S. warships to Panama’s Atlantic and Pacific coasts. The U.S. also pre-wrote a constitution that would be ready after Panamanian independence, which gave American forces “the right to intervene in any part of Panama, to re-establish public peace and constitutional order.” In part because Colombian troops were unable to traverse harsh jungles, Panama declared an effectively bloodless independence within hours on Nov. 3, 1903. The newly-declared Republic of Panama soon signed the Hay-Bunau-Varilla Treaty of 1903 , which provided the U.S. with a 10-mile wide strip of land for the canal, a one-time $10 million payment to Panama, and an annual annuity of $250,000. The U.S. also agreed to guarantee the independence of Panama, according to the Office of the Historian. After more than a decade of construction, the U.S. finished building the canal on Aug. 15, 1914. Almost immediately, some Panamanians began questioning the validity of U.S. control of the canal, which led to what became known in the country as the “generational struggle” to take it over. The U.S. annulled its right to intervene in Panama in the 1930s. By the 1970s, with its administrative costs sharply increasing, the U.S. government spent years negotiating with Panama to cede control of the waterway. The Carter administration worked with the government of Omar Torrijos, and the two sides eventually decided that their best chance for ratification was to submit two treaties to the U.S. Senate , the “Permanent Neutrality Treaty” and the “Panama Canal Treaty.” The first, which continues in perpetuity, gives the U.S. the right to act to ensure the canal remains open and secure. The second stated that the U.S. would turn over the canal to Panama on Dec. 31, 1999. Both were signed in 1977 and ratified the following year. “At noon on December 31, 1999, Panama took over full operation, administration and maintenance of the Canal, in compliance with the Torrijos-Carter Treaties negotiated with the United States in 1977,” said the Embassy of Panama. “The waterway is now managed by the Panama Canal Authority, an autonomous government entity.” Jorge Luis Quijano, who served as the Panama Canal’s administrator from 2014 to 2019, says the neutrality treaty does give the U.S. the right to act if the canal’s operation is threatened due to military conflict — but not to reassert control. “There’s no clause of any kind in the neutrality agreement that allows for the taking back of the canal,” Quijano told the Associated Press. “Legally, there’s no way, under normal circumstances, to recover territory that was used previously.” Benjamin Gedan, director of the Latin America Program at the Woodrow Wilson International Center for Scholars in Washington, D.C., agrees. “There’s very little wiggle room, absent a second U.S. invasion of Panama, to retake control of the Panama Canal in practical terms,” Gedan said. 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Trump asks Supreme Court to delay TikTok ban so he can weigh in after he takes office
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