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Luxury Hiking Adventure; The Inca Trail Like Never Before 12-13-2024 10:52 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Getnews / PR Agency: Notorial Image: https://www.globalnewslines.com/uploads/2024/12/1734100085.jpg This is the Inca Trail reimagined for those who want both adventure and exceptional comfort. With Ultimate Trekking [ https://ultimatetrekking.com/ ], participants will hike the historic 42-kilometer trail to Machu Picchu [ https://ultimatetrekking.com/travel-blog/machu-picchu ] in a way that combines the thrill of exploration with the ease of luxurious amenities. The journey begins at kilometer 82, where participants will follow the same path the ancient Incas traveled centuries ago. Along the way, they'll visit breathtaking ruins like Patallacta, Runkuraqay, and Sayacmarca, and cross awe-inspiring mountain passes such as Warmiwanuska, all while being surrounded by the beauty of the Andes. Each evening, unwind in spacious, well-equipped campsites complete with comfortable cots, hot showers, and freshly prepared gourmet meals. What makes this trek special This isn't the average hike-our luxury camping equipment and personalized service ensure the comfort every step of the way. Enjoy: Hot showers at every campsite to helps to refresh after a day of trekking. Inca massage sessions to relax and recharge the muscles. Gourmet meals crafted by expert chefs, showcasing the best of Peruvian flavors. A private team of porters, chefs, and a dedicated guide to support the group. Scenic views aboard panoramic trains for a premium journey back to Cusco. Travel with a Purpose When choose Ultimate Trekking, participants will not just hiking-they're contributing to local communities and helping preserve the stunning landscapes of Peru. Every booking supports our social projects, ensuring that the adventure leaves a positive impact. This tour is designed for small, private groups, giving an exclusive experience and time to connect with the culture, history, and nature of the Andes. Whether someone's looking to challenge or enjoy the finer side of trekking, the Luxury Inca Trail [ https://ultimatetrekking.com/luxury-inca-trail ] delivers it all. Make a dream of exploring Machu Picchu a reality-with a touch of luxury that will never forget. Media Contact Company Name: Ultimate Trekking EIRL Contact Person: Press Office Email: Send Email [ http://www.universalpressrelease.com/?pr=luxury-hiking-adventure-the-inca-trail-like-never-before ] Country: United States Website: https://ultimatetrekking.com/ This release was published on openPR.
The Cleveland Cavaliers open a home-and-home series against the visiting Atlanta Hawks on Wednesday trying to extend their perfect start in Ohio. The Cavaliers, who visit the Hawks on Friday, rebounded from their lone loss of the season last week with decisive victories over the New Orleans Pelicans and Toronto Raptors. Cleveland improved to a sterling 17-1 overall and 10-0 at home following its 122-108 victory over the Raptors on Sunday. "I'm surprised by the (record), but I'm not surprised by the play style," Cavaliers center Jarrett Allen said, per The Cleveland Plain Dealer. "I've expected us to come out and play like we do, play at a high level. Still, 17-1 is incredible." Ty Jerome followed up his 29-point performance in the Cavaliers' 128-100 victory over the Pelicans on Wednesday with 26 points off the bench against Toronto. He is 19-for-33 from the field and 11-for-20 from 3-point range in the last two games. "He's just in a state of grace right now. It's beautiful to watch," Cleveland coach Kenny Atkinson said. Jerome has scored at least 24 points in three of his last four games. "I just keep doing my job, and that's just reading the game," he said. "And if I have space I'm going to shoot it. I think just think the more guys you have on court that are aggressive, it gives Donovan (Mitchell) space, it gives Darius (Garland) space, it gives Evan (Mobley) space. We're putting four or five guys out there that are all aggressive, and it's like, what's the defense going to do?" Mitchell, who averages a team-best 24.4 points per game, pumped in 26 points versus the Raptors. He averaged 26.7 points, 8.7 assists and 7.3 rebounds in three games against Atlanta last season. Jarrett Allen added 23 points and 13 rebounds to record his sixth straight double-double. While the Cavaliers have raced to the top of the standings, the Hawks have fallen a few notches down the ladder after dropping their third straight game on Monday. Jalen Johnson collected 28 points and 11 rebounds and Trae Young added 18 points and 16 assists in a 129-119 setback to the Dallas Mavericks. Young has recorded a double-digit assist total in four straight games and in seven of his last nine. That said, Young admitted to being flustered by a basic defense employed by Dallas. "It's tough," Young said, per the Atlanta Journal-Constitution. "We're taking a lot of twos; we're taking a lot of mid-range shots. I hate that they played a lot of a high-school defense -- zone -- and it worked. That should never work: going into the zone and being able to stop us." Bogdan Bogdanovic followed up a 16-point performance in a 136-122 setback to the Chicago Bulls on Friday by scoring a season-high 18 points versus the Mavericks. He made 14 of 26 shots from the floor in those two games after going 4-for-21 in his previous two contests. --Field Level MediaThe offering resulted in gross proceeds of USD232,925 ,000 NEW YORK , Dec. 13, 2024 /PRNewswire/ -- An affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV (" EQT ") is pleased to announce the completion of an underwritten public offering (the "Offering") of 5,500,000 shares of common stock of Kodiak Gas Services, Inc. KGS (the "Company") for gross proceeds of USD232,925,000 . Goldman Sachs & Co. LLC and J.P. Morgan acted as the underwriters for the Offering, which was completed on December 13, 2024 . The Company did not sell any shares of its common stock in the Offering and did not receive any proceeds from the sale of the shares of its common stock sold by EQT. Contact EQT Press Office, press@eqtpartners.com This information was brought to you by Cision http://news.cision.com https://news.cision.com/eqt/r/eqt-completes-public-offering-of-common-stock-of-kodiak-gas-services,c4082355 The following files are available for download: https://mb.cision.com/Main/87/4082355/3172822.pdf EQT - Kodiak Sell Down (Dec 2024) (KE Draft 12.12.24)_v2_Final View original content: https://www.prnewswire.com/news-releases/eqt-completes-public-offering-of-common-stock-of-kodiak-gas-services-302331697.html SOURCE EQT © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Jimmy Carter, the longest living former president, whose term was marred by the Iran hostage crisis and rampant inflation but who went on to build a humanitarian legacy that was recognized with a Nobel Peace Prize, died Sunday. He was 100. No cause was announced. In February 2023 he entered hospice care. The peanut farmer from Georgia was a virtual unknown when he launched his long-shot 1976 presidential bid that took him from “Jimmy Who?” to his inauguration as the nation’s 39th president. The Democrat took office at a time when the country was still reeling from battles over civil rights, Vietnam, inflation and Watergate. The defining moment of Carter’s presidency, though, is often thought to have occurred Nov. 4, 1979, when Iranian militants seized the U.S. embassy in Tehran and took more than 50 U.S. hostages who were held for 444 days. A rescue mission in April 1980 was a dismal embarrassment, as eight U.S. crewmen died and no hostages were released. Carter left the White House in 1981 at age 56, trounced by Republican Ronald Reagan. A year later, he established the Carter Center in Atlanta with the stated mission of human rights, preventing and resolving conflicts, and improving freedom and democracy. Carter won the Nobel Peace Prize in 2002, cited “for his decades of untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development.” He continued to teach Sunday school at Maranatha Baptist Church in Plains. He and his wife, Rosalynn, traveled to Nashville in 2019 for their 36th project helping build homes with Habitat for Humanity. He and Rosalynn Carter, who died at age 96 on November 19, 2023, were married for 77 years. Jimmy Carter lived in the house he built in 1961 in Plains, Georgia, about two-and-a-half hours south of Atlanta. “Across life’s seasons, President Jimmy Carter, a man of great faith, has walked with God,” Sen. Raphael Warnock , D-Ga., wrote after news of Carter’s deteriorating condition earlier this year. “In this tender time of transitioning, God is surely walking with him.” Life in Plains, Georgia James Earl “Jimmy” Carter Jr. was born on Oct. 1, 1924, to Lillian and James Earl Carter Sr. The father is described by the Plains Historical Preservation Trust as “an insurance broker, farmer, fertilizer dealer, Baptist and Democrat.” They lived in Plains, a town of about 700 people nestled in an area of cotton and peanut fields. Jimmy Carter had ambitions beyond Plains. Inspired by an uncle, he attended the Naval Academy, graduating in 1946. During a visit home, he asked Rosalynn Smith, whose family had known the Carters for years, on a date. Jimmy and Rosalynn, then a college student in Georgia, stayed in touch, and in July, a few weeks after he graduated from the Naval Academy, they were married. It was Adm. Hyman Rickover who would be an influence on Carter’s naval and political career. Rickover ran the nation’s nascent nuclear submarine program, and during their job interview, asked Carter if he had done his best at Annapolis. Carter, who said he graduated 59th in his class of 820, conceded, “I didn’t always do my best.” “He looked around me for a long time,” Carter recalled as recounted by James Wooten in his book, “Dasher.” Then Rickover asked one final question, which Carter said, “I have never been able to forget — or to answer. He said, ‘Why not?’ I sat there for a while shaken, and then slowly left the room.” Carter went on to work for Rickover, and “Why Not the Best?” became a Carter catchphrase, the title of his 1976 campaign autobiography. He would often cite Rickover as one of the greatest influences on his life. Carter’s Navy career was short-lived. His father died in 1953, and his family needed him to run the business in Plains. Rosalynn protested, but the family headed back to Georgia. Entering state politics Carter won a state Senate seat in 1962, and in 1966 ran for governor. It was a long shot. The civil rights movement was redefining Southern politics. The changes rocked Georgia, and Lester Maddox, who had gained fame when he pushed potential Black customers away from his Atlanta cafeteria with an ax handle, would beat Carter in the Democratic gubernatorial primary. Carter returned to Plains, devastated and introspective.“ At a crossroads, he turned increasingly for solace to his faith,” wrote Peter Bourne in his biography of Carter. “There followed a series of events that would reshape both his relationship with his faith and the central guiding motivation in his life.” With the help of his sister, Ruth, an evangelist, Carter “was recommitting himself to Christ, through deep ongoing study and meditation about Christ’s life.” Through this study, Bourne wrote, “he sought to gain the fullest possible understanding of what the Christian message meant in modern life.” When he ran again for governor in 1970, Carter publicly softened his stance toward segregationists. He had kinder words for Maddox and defended all-white academies, where many whites fled as public schools became integrated. Once elected, though, Carter made it clear he would be a scion of the new, inclusive South. “No poor, rural, weak or Black person should ever have to bear the additional burden of being deprived of the opportunity of an education, a job or simply justice,” he said in his inaugural address — stunning words from a Georgia governor at the time. He hung a portrait of Martin Luther King Jr. outside his office at the state Capitol. By the early 1970s, national politics was in turmoil. Richard Nixon won 49 states in 1972, leaving Democratic nominee George McGovern and his party dazed with no clear path forward. McGovern was boosted by his anti-Vietnam War stance, but the war was winding down. Unknown, but not for long It was a time of enormous uncertainty. Runaway inflation, and later long lines for gasoline, rocked the economy. Nixon would be dogged by the Watergate scandal and resigned in August 1974. Trust in government was sinking. Along came Jimmy Carter. He announced his campaign for the White House in December 1974 in Washington, and few paid attention. But top aide Hamilton Jordan had a plan, and Carter presented himself as not only a fresh voice unencumbered by Washington tradition or scandal, but as a politician with a strong moral compass. He campaigned as a calm antidote to the turmoil of Washington. “I will never lie to you,” Carter told voters. It worked. He beat President Gerald Ford in a close election, and on Inauguration Day 1977 vowed to set a new course and new standard. He, Rosalynn and daughter Amy stepped out of their limousine during the parade down Pennsylvania Avenue and walked. He later addressed the nation in 1977 wearing a sweater. Carter’s initial priority would be energy efficiency to ease what he called “the moral equivalent of war” in a speech to the nation three months after he took office. Carter won some important battles. He was able to open relations with mainland China, secure approval of a treaty to end U.S. control of the Panama Canal, and perhaps most significantly, broker a historic peace accord between Israel and Egypt after nearly two weeks of talks at Camp David. Issues with the economy But the nation’s turmoil persisted. The economy remained shaky, and by the end of his term inflation and interest rates were hitting double-digit levels. Gas lines reappeared in many places in 1979. Carter was able to secure an arms control agreement with the Soviet Union, but Senate efforts to ratify it were thwarted by anger over the Soviet Union’s 1979 Afghanistan invasion. Carter appeared more and more to be losing control. He and his top advisers retreated to Camp David in the summer of 1979 to reassess how to run the government, and when it ended Carter delivered what came to be called the “malaise speech.” He told the nation, “We can see this crisis in the growing doubt about the meaning of our own lives and in the loss of a unity of purpose for our nation.” The speech only exacerbated his political problems. Though Congress was run by Democrats, leaders were cool to Carter, and by late 1979, Sen. Edward Kennedy of Massachusetts announced he would challenge the president for the party’s nomination. The Mariel Boatlift Carter’s election-year problems faced another daunting challenge: the Mariel Boatlift. The administration had been seeking better ties with Cuban President Fidel Castro, and in April 1980 Castro said Cubans could leave. But Castro opened his country’s mental health facilities and prisons, and they flocked to South Florida. The White House was uncertain how to deal with the situation. On May 6, 1980, in an address to the nation, Carter declared a state of emergency in the areas of Florida most “severely affected” by the exodus, and an “open heart and open arms” policy to all refugees fleeing Cuba. Miami was overwhelmed with the refugees. Many were criminals. The boatlift ended in October, but Carter suffered political damage. Carter won his party’s nomination that summer, but only after a bitter battle with Kennedy. He ran against the upbeat, optimistic Reagan, losing 44 states as he became the first elected president to lose a reelection bid since Herbert Hoover in 1932. The Iran hostages were released minutes after Reagan was sworn into office. Carter went back to Plains. The Carter Center would become a popular site for international forums. It also took on a mission to spread Carter’s vision for fighting poverty and hunger. Global 2000 was a bid to boost food production in Africa. Prolific author Carter became a prolific author, writing about a variety of topics from memoirs to treatises on the Middle East to “Our Endangered Values: America’s Moral Crisis.” Among his books: “The Craftsmanship of Jimmy Carter.” “I like to see what I have done, what I have made,” Carter said. “The pleasure does not fade as the years go by; in fact, with age my diminished physical strength has eliminated some of the formerly competing hobbies and made woodworking even more precious to me.” He and Rosalynn were very involved with Habitat for Humanity and worked on their 36th project in 2019. They first volunteered with the organization, which helps build homes in the U.S. and overseas, near their home in Georgia in March 1984. On February 18, 2023, following a series of short hospital stays, the Carter Center released a statement that Carter “decided to spend his remaining time at home with his family and receive hospice care instead of additional medical intervention.” Carter is survived by children John William “Jack,” James Earl III “Chip,” Donnel “Jeff” Jeffrey and Amy Lynn, 11 grandchildren and 14 great-grandchlldren. A grandson died in 2015. ©2024 The Charlotte Observer. Visit charlotteobserver.com . Distributed by Tribune Content Agency, LLC.
BAKU, Azerbaijan (AP) — In the wee hours Sunday at the United Nations climate talks, countries from around the world reached an agreement on how rich countries can cough up the funds to support poor countries in the face of climate change. It’s a far-from-perfect arrangement, with many parties still unsatisfied but some hopeful that the deal will be a step in the right direction. World Resources Institute president and CEO Ani Dasgupta called it “an important down payment toward a safer, more equitable future,” but added that the poorest and most vulnerable nations are “rightfully disappointed that wealthier countries didn’t put more money on the table when billions of people’s lives are at stake.” The summit was supposed to end on Friday evening but negotiations spiraled on through early Sunday. With countries on opposite ends of a massive chasm, tensions ran high as delegations tried to close the gap in expectations. Here’s how they got there: What was the finance deal agreed at climate talks? Rich countries have agreed to pool together at least $300 billion a year by 2035. It’s not near the full amount of $1.3 trillion that developing countries were asking for, and that experts said was needed. But some delegations said this deal is headed in the right direction, with hopes that more money flows in the future. The text included a call for all parties to work together using “all public and private sources” to get closer to the $1.3 trillion per year goal by 2035. That means also pushing for international mega-banks, funded by taxpayer dollars, to help foot the bill. And it means, hopefully, that companies and private investors will follow suit on channeling cash toward climate action. The agreement is also a critical step toward helping countries on the receiving end create more ambitious targets to limit or cut emissions of heat-trapping gases that are due early next year. It’s part of the plan to keep cutting pollution with new targets every five years, which the world agreed to at the U.N. talks in Paris in 2015. The Paris agreement set the system of regular ratcheting up climate fighting ambition as away to keep warming under 1.5 degrees Celsius (2.7 degrees Fahrenheit) above pre-industrial levels. The world is already at 1.3 degrees Celsius (2.3 degrees Fahrenheit) and carbon emissions keep rising. What will the money be spent on? The deal decided in Baku replaces a previous agreement from 15 years ago that charged rich nations $100 billion a year to help the developing world with climate finance. The new number has similar aims: it will go toward the developing world’s long laundry list of to-dos to prepare for a warming world and keep it from getting hotter. That includes paying for the transition to clean energy and away from fossil fuels. Countries need funds to build up the infrastructure needed to deploy technologies like wind and solar power on a large scale. Communities hard-hit by extreme weather also want money to adapt and prepare for events like floods, typhoons and fires. Funds could go toward improving farming practices to make them more resilient to weather extremes, to building houses differently with storms in mind, to helping people move from the hardest-hit areas and to help leaders improve emergency plans and aid in the wake of disasters. The Philippines, for example, has been hammered by six major storms in less than a month , bringing to millions of people howling wind, massive storm surges and catastrophic damage to residences, infrastructure and farmland. “Family farmers need to be financed,” said Esther Penunia of the Asian Farmers Association. She described how many have already had to deal with millions of dollars of storm damage, some of which includes trees that won’t again bear fruit for months or years, or animals that die, wiping out a main source of income. “If you think of a rice farmer who depends on his or her one hectare farm, rice land, ducks, chickens, vegetables, and it was inundated, there was nothing to harvest,” she said. Why was it so hard to get a deal? Election results around the world that herald a change in climate leadership, a few key players with motive to stall the talks and a disorganized host country all led to a final crunch that left few happy with a flawed compromise. The ending of COP29 is “reflective of the harder geopolitical terrain the world finds itself in,” said Li Shuo of the Asia Society. He cited Trump’s recent victory in the US — with his promises to pull the country out of the Paris Agreement — as one reason why the relationship between China and the EU will be more consequential for global climate politics moving forward. Developing nations also faced some difficulties agreeing in the final hours, with one Latin American delegation member saying that their group didn’t feel properly consulted when small island states had last-minute meetings to try to break through to a deal. Negotiators from across the developing world took different tacks on the deal until they finally agreed to compromise. Meanwhile, activists ramped up the pressure: many urged negotiators to stay strong and asserted that no deal would be better than a bad deal. But ultimately the desire for a deal won out. Some also pointed to the host country as a reason for the struggle. Mohamed Adow, director of climate and energy think tank Power Shift Africa, said Friday that “this COP presidency is one of the worst in recent memory,” calling it “one of the most poorly led and chaotic COP meetings ever.” The presidency said in a statement, “Every hour of the day, we have pulled people together. Every inch of the way, we have pushed for the highest common denominator. We have faced geopolitical headwinds and made every effort to be an honest broker for all sides.” Shuo retains hope that the opportunities offered by a green economy “make inaction self-defeating” for countries around the world, regardless of their stance on the decision. But it remains to be seen whether the UN talks can deliver more ambition next year. In the meantime, “this COP process needs to recover from Baku,” Shuo said. ___ Associated Press reporters Seth Borenstein and Sibi Arasu contributed to this report. ___ The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org .Supreme Court will take up a challenge related to California's tough vehicle emissions standards WASHINGTON (AP) — The Supreme Court says it will take up a business-backed appeal that could make it easier to challenge federal regulations, acting in a dispute related to California’s nation-leading standards for vehicle emissions. The justices agreed Friday to hear an appeal filed by fuel producers who object to a waiver granted to California in 2022 by the Environmental Protection Agency during Joe Biden’s presidency. The waiver allows California to set more stringent emissions limits than the national standard. The case won’t be argued until the spring, when the Trump administration is certain to take a more industry-friendly approach to the issue. Musk says US is demanding he pay penalty over disclosures of his Twitter stock purchases DETROIT (AP) — Elon Musk says the Securities and Exchange Commission wants him to pay a penalty or face charges involving what he disclosed — or failed to disclose — about his purchases of Twitter stock before he bought the social media platform in 2022. In a letter, Musk’s lawyer Alex Spiro tells the outgoing SEC chairman, Gary Gensler, that the commission’s demand for a monetary payment is a “misguided scheme” that won’t intimidate Musk. The letter also alleges that the commission reopened an investigation this week into Neuralink, Musk’s computer-to-human brain interface company. The SEC has not released the letter. Nor would it comment on it or confirm whether it has issued such a demand to Musk. Senate begins final push to expand Social Security benefits for millions of people WASHINGTON (AP) — The Senate is pushing toward a vote on legislation that would provide full Social Security benefits to millions of people. Senate Majority Leader Chuck Schumer began the process on Thursday for a final vote on the bill, known as the Social Security Fairness Act. It would eliminate policies that currently limit Social Security payouts for roughly 2.8 million people. The legislation has passed the House. The bill would add more strain on the Social Security Trust funds, which are already estimated to be unable to pay out full benefits beginning in 2035. The measure would add an estimated $195 billion to federal deficits over 10 years, according to the Congressional Budget Office. Trump offers support for dockworkers union by saying ports shouldn't install more automated systems WASHINGTON (AP) — President-elect Donald Trump is offering his support for the dockworkers union before their contract expires next month at Eastern and Gulf Coast ports. He posted on social media Thursday that he met with union leaders and that any further “automation” of the ports would harm workers. He wrote that the “amount of money saved is nowhere near the distress, hurt, and harm it causes for American Workers.” The International Longshoremen’s Association has until Jan. 15 to negotiate a new contract with the U.S. Maritime Alliance, which represents ports and shipping companies. The Maritime Alliance says the technology will improve worker safety and strengthen our supply chains, among other things. IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power WASHINGTON (AP) — IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes. The announcement comes under the backdrop of a promised reckoning from Republicans who will hold a majority over both chambers of the next Congress and have long called for rescinding the tens of billions of dollars in funding provided to the agency by Democrats. IRS Commissioner Danny Werfel said improvements made to the agency will help the incoming administration and new Republican majority congress achieve its goals of administering an extension of the 2017 Tax Cuts and Jobs Act. OpenAI's legal battle with Elon Musk reveals internal turmoil over avoiding AI 'dictatorship' A 7-year-old rivalry between tech leaders Elon Musk and Sam Altman over who should run OpenAI and best avoid an artificial intelligence ‘dictatorship’ is now heading to a federal judge as Musk seeks to halt the ChatGPT maker’s ongoing conversion into a for-profit company. Musk, an early OpenAI investor and board member, sued the artificial intelligence company earlier this year. Musk has since escalated the dispute, adding new claims and asking for a court order that would stop OpenAI’s plans to convert itself into a for-profit business more fully. OpenAI is filing its response Friday. OpenAI's Altman will donate $1 million to Trump's inaugural fund LOS ANGELES (AP) — OpenAI CEO Sam Altman is planning to make a $1 million personal donation to President-Elect Donald Trump’s inauguration fund, joining a number of tech companies and executives who are working to improve their relationships the incoming administration. A spokesperson for OpenAI confirmed the move on Friday. The announcement comes one day after Meta, the parent company of Facebook and Instagram, said it donated $1 million to the same fund. Amazon also said it plans to donate $1 million. China signals it's prepared to double down on support for the economy as Trump tariffs loom BANGKOK (AP) — Chinese leaders met this week to plot economic policy for the coming year and sketched out plans to raise government spending and relax Beijing's monetary policy. Analysts said the broad-brush plans from the annual Central Economic Work Conference were more of a recap of current policy than ambitious new initiatives at a time when the outlook is clouded by the President-elect Donald Trump's threats to sharply raise tariffs once he takes office. The ruling Communist Party did commit to raising China's deficit and to doing more to encourage consumer spending by bringing wage increases in line with the pace of economic growth. Here's a look at China's main priorities and their potential implications. Stock market today: Wall Street ends mixed after a bumpy week Stock indexes closed mixed on Wall Street at the end of a rare bumpy week. The S&P 500 ended little changed Friday. The benchmark index reached its latest in a string of records a week ago. It lost ground for the week following three weeks of gains. The Dow Jones Industrial Average slipped 0.2%. The Nasdaq composite edged up 0.1%. Broadcom surged after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. RH, formerly known as Restoration Hardware, surged after raising its revenue forecast. Treasury yields rose in the bond market. Next Week: Retail sales, Fed policy update, existing home sales The Commerce Department releases its monthly snapshot of U.S. retail sales Tuesday. Federal Reserve officials wrap up a two-day meeting and issue an interest rate policy update Wednesday. The National Association of Realtors issues its latest update on U.S. home sales Thursday.
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New York City Council approved a rezoning plan on Dec. 5, clearing the way for 82,000 new apartments and $5 billion in infrastructure and housing development over 15 years. It marks the largest zoning change since 1961. The City of Yes for Housing Opportunity plan passed by a 31-20 vote amid a citywide vacancy rate of 1.4%. The Regional Plan Association projects New York needs 473,000 additional housing units by 2032 to meet demand. Don't Miss: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things. Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today. Mayor Eric Adams launched the plan after data showed job growth outpacing housing development across New York for four decades. The zoning overhaul allows developers to build more units in districts where households earn 60% or below the Area Median Income, removes parking requirements in targeted neighborhoods and creates two high-density zones. Under the new rules, property owners can convert vacant offices into apartments more easily . Churches and campus properties receive expanded rights to construct buildings, while homeowners gain permission to add basement units and backyard cottages in designated areas. See Also: Unlock the hidden potential of commercial real estate — This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today! “It’s going to create a lot more opportunities and hopefully relieve some of the rental burden on tenants. It’s nice to see we’re shifting away from the NIMBY mentality and we’re fostering a pro-development sentiment in the marketplace,” Sean Kelly, partner at Ariel, told Forbes, which originally reported on the topic. Real estate values stand to climb under the new rules . Ariel said a Harlem development site could grow its buildable square footage by 20%. A Brooklyn property may see a 46% increase in floor area ratio, while an East New York location could expand development potential by 70%. Trending: CEO of Integris gathered a team of senior investment managers who have $34.22 billion in combined owned and managed assets in the West Coast — here’s how to invest in their private credit fund that targets 12% annual interest rate. The rezoning plan follows Gov. Kathy Hochul’s June housing policy, which extended the 421a tax abatement program’s deadline to 2031 and created tax exemptions (485x and 467m) for residential construction and office conversions. Market activity shows momentum, with development sales volume up 25% from last year. Office-to-residential conversions make up over one-third of transactions, pointing to increased development in 2025 as the City of Yes takes effect. The plan departs from past policies focused on landlord regulations, which removed thousands of units from the market. The new approach stresses building more housing across every neighborhood to increase supply. Read Next: Arrived Home's Private Credit Fund’s has historically paid an annualized dividend yield of 8.1%* , which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today! © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.KASPER Schmeichel’s importance to Celtic in the Champions League this season has been glaringly obvious to everyone who has seen them play. The vastly-experienced Danish internationalist has been outstanding for the Scottish champions in every one of their league phase games, even the mauling they suffered at the hands of Borussia Dortmund in Germany at the start of last month, and has produced numerous vital saves at key moments. Yet, the influence of the 111-times capped goalkeeper on the Parkhead club’s play going forward has perhaps not been so apparent to onlookers during their meetings with Slovan Bratislava, Borussia, Atalanta and RB Leipzig. Cameron Carter-Vickers, though, believes the former Manchester City, Leeds United and Leicester City man’s ability with the ball at his feet has been hugely significant for Celtic’s outfield players in their outings in Europe’s elite club competition during the past nine weeks as well. The centre-half, who is set to start alongside Auston Trusty in the heart of the hosts’ back line in their meeting with Club Brugge in the East End of Glasgow tonight, fully expects attack to start in defence once again tomorrow evening. Read more: Asked how he found playing in front of Schmeichel compared to his predecessor Joe Hart, he said: “They are different, two different people and two different characters off the pitch. “But on the pitch they are pretty similar, keepers who have played at top level throughout their careers and have a lot of experience. They are both very vocal on the pitch and commanding. So similar in that respect.” “I think Kasper has shown already this season he can make big saves when he needs to. He’s done that a number of times this season so far. There’s definitely that confidence that even if a team does get a chance there’s every chance of him stopping them. “But his distribution has been really good as well. It was probably one of the first things you noticed when he came in - how good he was with his feet. You see it game in game out. “Not just the ability to play the passes, but also to see them. That’s something he does really well, to see where the press is coming from and know where the outball is and how to get it there. “That is so important, especially at this level. The more time you can have with the ball, it limits the time they get on it and the chances they can create. That’s so important in the Champions League.” (Image: PA Wire via DPA) Carter-Vickers added: “It helps us work our way up the pitch in a comfortable way and it starts with Kasper. With top keepers now, it’s not just about playing passes, it’s the ability to see them. “The way Kasper does that is super-impressive. He might have two or three players running at him, but he gets the right angle and sees the right pass to play. He manages to do that most of the time.” Schmeichel spent last season playing in Belgium with Anderlecht and the Celtic vice-captain revealed that his team mate and midfielder Arne Engels had been giving all of the players tips about Brugge this week. They will not be underestimating opponents who have beaten Sturm Graz away and Aston Villa at home in Europe this term. “He mainly said that they are a really good team, with some good players and a really good press,” said the defender. “Kasper also said that they’re a hard working team. “In his experience of playing against them last year, he said they always found a way to win a game or stay in games. So we’re definitely prepared for tomorrow for a tough game. No matter how the game goes we’ll need to play well for 90 minutes to get a result. “Me and the team don’t look at it as us being favourites or not favourites. We know every game in this competition you’ve got to be right at it to get a result. So, tomorrow will be no different and we’re prepared for a tough game.” Rodgers has preferred Trusty to Liam Scales in recent weeks and Carter-Vickers has confidence that he and his fellow United States squad member will be able to contain rivals who thrashed STVV 7-0 in a league game at the Jan Breydel Stadium at the weekend. Read more: “The partnership is developing well,” he said. “I’ve always said defensive partnerships always take time. It’s the only way to learn how each of you moves on the pitch in certain situations. So far Auston has been so good. He’s definitely playing well and you can see the strength he has. “We haven’t played together for America, not for the first team. Maybe once or twice at U20 level but not for the senior team. Hopefully the USA coach is looking at us playing in the Champions League for Celtic and thinks we can do the same at international level. (Image: Andrew Milligan/PA Wire) “But it’s something I don’t think about too much but all we both can do is perform well for Celtic. If the USA coach thinks like that, great. Auston has fitted into the group well. He’s got quite a big character, but the team as a whole is very welcoming.” Carter-Vickers hasn’t given much thought to how many points it will take for Celtic to book a place in the knockout phase play-offs either. He is simply focusing on the Club Brugge encounter. However, he did predict the strength and depth which is now in the squad will help their hopes of progressing. “We’ve got options in every position in the team at the moment,” he said. “Scalesy has been great this season and it’s unfortunate from his perspective. But that’s the competition we have in the squad now. It’s up to us all individually to perform and that will make the team better. “The competition is key for us going forward. When we make subs now, the players coming off the bench are always at the level straight away. That’s important in the Champions League. “In general, the level of training rises the more competition you’ve got in the squad. That keeps everyone at a consistently high level, which translates into the games.”
Thrivent Financial for Lutherans raised its position in Glaukos Co. ( NYSE:GKOS – Free Report ) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,152 shares of the medical instruments supplier’s stock after acquiring an additional 1,339 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Glaukos worth $5,622,000 as of its most recent SEC filing. A number of other hedge funds also recently modified their holdings of the company. Point72 Asset Management L.P. bought a new stake in Glaukos in the second quarter valued at about $67,460,000. Primecap Management Co. CA grew its stake in shares of Glaukos by 43.9% in the 2nd quarter. Primecap Management Co. CA now owns 1,220,815 shares of the medical instruments supplier’s stock valued at $144,483,000 after purchasing an additional 372,180 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Glaukos by 148.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 412,376 shares of the medical instruments supplier’s stock worth $48,805,000 after buying an additional 246,322 shares during the period. Iron Triangle Partners LP boosted its stake in Glaukos by 75.6% in the 1st quarter. Iron Triangle Partners LP now owns 429,525 shares of the medical instruments supplier’s stock valued at $40,500,000 after buying an additional 184,919 shares in the last quarter. Finally, Driehaus Capital Management LLC grew its position in Glaukos by 24.0% in the second quarter. Driehaus Capital Management LLC now owns 803,650 shares of the medical instruments supplier’s stock valued at $95,112,000 after acquiring an additional 155,653 shares during the period. Institutional investors own 99.04% of the company’s stock. Insider Transactions at Glaukos In related news, Director Gilbert H. Kliman sold 3,000 shares of Glaukos stock in a transaction on Monday, September 9th. The stock was sold at an average price of $130.67, for a total transaction of $392,010.00. Following the completion of the sale, the director now directly owns 32,336 shares of the company’s stock, valued at $4,225,345.12. The trade was a 8.49 % 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, COO Joseph E. Gilliam sold 2,275 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $138.97, for a total value of $316,156.75. Following the completion of the transaction, the chief operating officer now directly owns 102,169 shares in the company, valued at $14,198,425.93. The trade was a 2.18 % decrease in their position. The disclosure for this sale can be found here . 6.40% of the stock is owned by corporate insiders. Glaukos Stock Up 2.3 % Glaukos ( NYSE:GKOS – Get Free Report ) last issued its quarterly earnings results on Monday, November 4th. The medical instruments supplier reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.20. The business had revenue of $96.70 million for the quarter, compared to analyst estimates of $91.50 million. Glaukos had a negative return on equity of 18.99% and a negative net margin of 42.43%. The firm’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.50) earnings per share. On average, analysts predict that Glaukos Co. will post -1.96 earnings per share for the current year. Wall Street Analysts Forecast Growth GKOS has been the subject of a number of analyst reports. Stifel Nicolaus lifted their price objective on Glaukos from $130.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Piper Sandler set a $140.00 price target on shares of Glaukos in a report on Thursday, October 17th. StockNews.com raised shares of Glaukos from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Needham & Company LLC lifted their target price on shares of Glaukos from $131.00 to $137.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Truist Financial increased their price target on Glaukos from $145.00 to $152.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $134.55. Get Our Latest Analysis on Glaukos Glaukos Company Profile ( Free Report ) Glaukos Corporation, an ophthalmic pharmaceutical and medical technology company, focuses on the development of novel therapies for the treatment of glaucoma, corneal disorders, and retinal diseases. It offers iStent and iStent inject W micro-bypass stents that enhance aqueous humor outflow inserted in cataract surgery to treat mild-to-moderate open-angle glaucoma. Recommended Stories Receive News & Ratings for Glaukos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glaukos and related companies with MarketBeat.com's FREE daily email newsletter .Unique among ‘Person of the Year’ designees, Donald Trump gets a fact-check from Time magazine
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