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On Jimmy Carter’s Deep and Historic Connection With Musicians: Why He Is Remembered as the ‘Rock ‘n’ Roll President’MQ FRAUD ALERT: The Class Action Deadline for Marqeta, Inc. Investors is February 7 -- Contact BFA Law if You Lost Money (NASDAQ:MQ)
TORONTO — Ontario says Ottawa's tax holiday will cost the province $1 billion, but it will support the GST break for consumers. Last week, the federal Liberal government announced plans to pause the GST for two months on prepared food, toys, some types of alcohol and other holiday season staples. In provinces like Ontario, where the provincial and federal sales taxes are blended together into a harmonized sales tax, the entire HST would be removed from such items. Premier Doug Ford has said he was supportive of the move. Now, the office of Finance Minister Peter Bethlenfalvy confirms it will remove the provincial sales tax on items not already covered under provincial rebate. Ontario has long removed the provincial portion of the harmonized sales tax from similar items listed in Ottawa's GST break plan, such as children's clothes and some food. The premiers of New Brunswick and Prince Edward Island have said they want to be compensated by Ottawa for the provincial revenue lost during the tax holiday. This report by The Canadian Press was first published Nov. 27, 2024. Liam Casey, The Canadian PressAsia stocks mostly down after Wall St losses
Jets running back Breece Hall dealing with a knee issue, left tackle Tyron Smith could go on IR
Firefighters battle a fire on State Route 31, near Caughdenoy Road, in the town of Clay on Sunday, Dec. 22, 2024. Jon Moss | jmoss@syracuse.com Jon Moss | jmoss@syracuse.com Clay, N.Y. — A barn fire Sunday afternoon closed part of State Route 31 in the town of Clay. The fire was reported at about 3:40 p.m. on Route 31 just east of Caughdenoy Road. A plume of smoke could be seen for miles. The red barn had started collapsing in on itself as firefighters arrived, according to Richard Rioux, the chief of the Clay Volunteer Fire Department. It was still burning as of 5 p.m. “We’re not going to be able to put it out completely,” Rioux said. “We’re just going to monitor it all night and let it finish burning.” Rioux said he was unsure how the fire started since the barn did not have any utility connections. The abandoned barn sits on a large tract of land owned by the Onondaga County Industrial Development Agency. The agency has been buying up land to develop into an industrial park across from Micron Technology’s planned computer chip manufacturing complex. Route 31 will be closed for several more hours, Rioux said. Road crews will be brought in to break up any ice formed by water used during firefighting efforts. Crime and public safety articles Fire badly damages North Side home; four people displaced Gov. Hochul orders termination of 14 employees involved in inmate death at Utica-area prison DeWitt Post Office manager accused of stealing over $80K in stamps by falsifying transactions Cicero home total loss after bathroom fire, 1 displaced Man shot in leg, abdomen on Syracuse’s South Side Staff writer Jon Moss covers breaking news, crime and public safety. He can be reached at jmoss@syracuse.com or @mossjon7 .Cardano (ADA) & Ripple (XRP) Are on a Downtrend, While IntelMarkets (INTL) Is Experiencing 710% Price Gains and Taking Over the Crypto Market!
New Zealand shed more jobs in October. Across the year, construction sector job numbers fell by 5.3% or 11,141 jobs. Stats NZ said jobs in health care and social assistance fell by 3.7% or 10,059 compared to October 2023. Public administration and safety job numbers were down by 7.2% or 12,671 roles. And in administrative and support services, job numbers last month were down 6.2% (6362 jobs) compared to October 2023.JPMorgan Chase & Co. lifted its position in shares of Healthpeak Properties, Inc. ( NYSE:DOC – Free Report ) by 23.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 21,561,640 shares of the real estate investment trust’s stock after buying an additional 4,056,931 shares during the period. JPMorgan Chase & Co.’s holdings in Healthpeak Properties were worth $493,115,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. purchased a new stake in Healthpeak Properties during the third quarter worth $18,736,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth $745,000. Retirement Systems of Alabama purchased a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $12,765,000. Franklin Resources Inc. acquired a new stake in Healthpeak Properties in the 3rd quarter valued at about $3,224,000. Finally, Tidal Investments LLC purchased a new position in Healthpeak Properties during the 3rd quarter valued at about $1,586,000. Institutional investors and hedge funds own 93.57% of the company’s stock. Analyst Upgrades and Downgrades Several analysts have issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Scotiabank increased their target price on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a report on Monday, September 9th. Robert W. Baird boosted their price target on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Evercore ISI increased their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.62. Healthpeak Properties Price Performance Healthpeak Properties stock opened at $20.08 on Friday. Healthpeak Properties, Inc. has a 1 year low of $16.01 and a 1 year high of $23.26. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a 50 day moving average price of $21.59 and a 200 day moving average price of $21.42. The company has a market cap of $14.04 billion, a price-to-earnings ratio of 42.72, a PEG ratio of 2.37 and a beta of 1.13. Healthpeak Properties ( NYSE:DOC – Get Free Report ) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.32). The company had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 earnings per share. Sell-side analysts predict that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year. Healthpeak Properties Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.98%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio is currently 255.32%. About Healthpeak Properties ( Free Report ) Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery. See Also Want to see what other hedge funds are holding DOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Healthpeak Properties, Inc. ( NYSE:DOC – Free Report ). Receive News & Ratings for Healthpeak Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthpeak Properties and related companies with MarketBeat.com's FREE daily email newsletter .
SYM FRAUD ALERT: The Class Action Deadline for Symbotic Inc. Investors is February 3 -- Contact BFA Law if You Lost Money (NASDAQ:SYM)President Joe Biden's administration has made a pronounced call for Ukraine to increase its military size by drafting younger soldiers and revising its mobilization laws, citing the urgent need due to ongoing conflict with Russia. The proposal suggests lowering the conscription age from 25 to 18 years. A senior official from the Biden administration, insisting on anonymity, has highlighted that the primary challenge for Ukraine is not weaponry but the insufficient number of troops. Despite substantial U.S. security support amounting to over $56 billion, Ukraine's military strength remains a concern, especially against a surging Russian military presence. With the upcoming transition to President-elect Donald Trump's administration, uncertainty looms over continued U.S. military aid. Ukraine's response to increasing its draft has faced logistical challenges, including a lack of equipment and concerns over economic impacts due to drafting younger citizens. The situation stresses the need for strategic manpower enhancements as the conflict persists. (With inputs from agencies.)Artificial intelligence. Abortion. Guns. Marijuana. Minimum wages. Name a hot topic, and chances are good there's a new law about it taking effect in 2025 in one state or another. Many of the laws launching in January are a result of legislation passed this year. Others stem from ballot measures approved by voters. Some face legal challenges. Here's a look at some of the most notable state laws taking effect: FILE - Director of Photography Jac Cheairs and his son, actor Wyatt Cheairs, 11, take part in a rally by striking writers and actors outside Netflix studio in Los Angeles on Friday, July 14, 2023. (AP Photo/Chris Pizzello, File) Chris Pizzello Hollywood stars and child influencers California, home to Hollywood and some of the largest technology companies, is seeking to rein in the artificial intelligence industry and put some parameters around social media stars. New laws seek to prevent the use of digital replicas of Hollywood actors and performers without permission and allow the estates of dead performers to sue over unauthorized AI use. People are also reading... Parents who profit from social media posts featuring their children will be required to set aside some earnings for their young influencers. A new law also allows children to sue their parents for failing to do so. FILE - In advance of Instagram CEO Adam Mosseri's Congressional testimony, to illustrate the harms children face on social media, parent activists brought an "Instagrinch" to the Capitol building in Washington, Dec. 7, 2021. (Eric Kayne/AP Images for ParentsTogether, File) Eric Kayne Social media limits New social media restrictions in several states face court challenges. A Florida law bans children under 14 from having social media accounts and requires parental consent for ages 14 and 15. But enforcement is being delayed because of a lawsuit filed by two associations for online companies, with a hearing scheduled for late February. A new Tennessee law also requires parental consent for minors to open accounts on social media. NetChoice, an industry group for online businesses, is challenging the law. Another new state law requires porn websites to verify that visitors are at least 18 years old. But the Free Speech Coalition, a trade association for the adult entertainment industry, has filed a challenge. Several new California measures aimed at combating political deepfakes are also being challenged, including one requiring large social media platforms to remove deceptive content related to elections and another allowing any individual to sue for damages over the use of AI to create fabricated images or videos in political ads. FILE - Parents, students, and staff of Chino Valley Unified School District hold up signs in favor of protecting LGBTQ+ policies at Don Antonio Lugo High School, in Chino, Calif., June 15, 2023. (Anjali Sharif-Paul/The Orange County Register via AP, File) Anjali Sharif-Paul School rules on gender In a first nationally, California will start enforcing a law prohibiting school districts from adopting policies that require staff to notify parents if their children change their gender identification. The law was a priority for Democratic lawmakers who wanted to halt such policies passed by several districts. FILE - Christian F. Nunes, president of National Organization for Women speaks as abortion rights activists and Women's March leaders protest as part of a national day of strike actions outside the Supreme Court, Monday, June 24, 2024, in Washington. (AP Photo/Mark Schiefelbein, File) Mark Schiefelbein Abortion coverage Many states have passed laws limiting or protecting abortion rights since the U.S. Supreme Court overturned a nationwide right to the procedure in 2022. One of the latest is the Democratic-led state of Delaware. A law there will require the state employee health plan and Medicaid plans for lower-income residents to cover abortions with no deductible, copayments or other cost-sharing requirements. FILE - Gov. Tim Walz speaks before a crowd gathered for a rally on the steps of the state Capitol in St. Paul, Minn., Wednesday evening, Aug. 7, 2019. Lt. Gov. Peggy Flanagan, center left, and his wife Gwen Walz, center right, stand by him. (Jeff Wheeler/Star Tribune via AP, File) Jeff Wheeler Gun control A new Minnesota law prohibits guns with "binary triggers" that allow for more rapid fire, causing a weapon to fire one round when the trigger is pulled and another when it is released. Listen now and subscribe: Apple Podcasts | Spotify | RSS Feed | SoundStack | All Of Our Podcasts In Delaware, a law adds colleges and universities to a list of school zones where guns are prohibited, with exceptions for those working in their official capacity such as law officers and commissioned security guards. Medical marijuana Kentucky is becoming the latest state to let people use marijuana for medical purposes. To apply for a state medical cannabis card, people must get written certification from a medical provider of a qualifying condition, such as cancer, multiple sclerosis, chronic pain, epilepsy, chronic nausea or post-traumatic stress disorder. Nearly four-fifths of U.S. states have now legalized medical marijuana. Minimum wages Minimum wage workers in more than 20 states are due to receive raises in January. The highest minimum wages will be in Washington, California and Connecticut, all of which will top $16 an hour after modest increases. The largest increases are scheduled in Delaware, where the minimum wage will rise by $1.75 to $15 an hour, and in Nebraska, where a ballot measure approved by voters in 2022 will add $1.50 to the current minimum of $12 an hour. Twenty other states still follow the federal minimum wage of $7.25 an hour. FILE - A man talks on his cell phone while driving in Los Angeles, Monday June 30, 2008. (AP Photo/Kevork Djansezian, File) Kevork Djansezian Safer traveling In Oregon, using drugs on public transit will be considered a misdemeanor crime of interfering with public transportation. While the measure worked its way through the legislature, multiple transportation officials said drug use on buses and trains, and at transit stops and stations, was making passengers and drivers feel less safe. In Missouri, law enforcement officers have spent the past 16 months issuing warnings to motorists that handheld cellphone use is illegal. Starting with the new year, penalties will kick in: a $150 fine for the first violation, progressing to $500 for third and subsequent offenses and up to 15 years imprisonment if a driver using a cellphone cause an injury or death. But police must notice a primary violation, such as speeding or weaving across lanes, to cite motorists for violating the cellphone law. Montana is the only state that hasn't banned texting while driving, according to the National Conference of State Legislatures. FILE - Surrounded by members of the legislature and signs touting saving families money, Kansas Gov. Laura Kelly announces her 'Axe the Food Tax' campaign at Dillons grocery store in Topeka, Kan., Monday, Nov. 8, 2021 by holding an axe. (Evert Nelson/The Capital-Journal via AP, File) Evert Nelson Tax breaks Tenants in Arizona will no longer have to pay tax on their monthly rent, thanks to the repeal of a law that had allowed cities and towns to impose such taxes. While a victory for renters, the new law is a financial loss for governments. An analysis by Arizona's nonpartisan Joint Legislative Budget Committee estimated that $230 million would be lost in municipal tax revenue during the first full fiscal year of implementation. Meanwhile Alabama will offer tax credits to businesses that help employees with child care costs. Kansas is eliminating its 2% sales tax on groceries. It also is cutting individual income taxes by dropping the top tax rate, increasing a credit for child care expenses and exempting all Social Security income from taxes, among other things. Taxpayers are expected to save about $320 million a year going forward. FILE - Election board inspector Pat Cook readies "I Voted" stickers for voters during early voting in Oklahoma City, Friday, Oct. 29, 2010. (AP Photo/Sue Ogrocki, File) Sue Ogrocki Voting rights An Oklahoma law expands voting privileges to people who have been convicted of felonies but had their sentences discharged or commuted, including commutations for crimes that have been reclassified from felonies to misdemeanors. Former state Sen. George Young, an Oklahoma City Democrat, carried the bill in the Senate. "I think it's very important that people who have gone through trials and tribulations in their life, that we have a system that brings them back and allows them to participate as contributing citizens," Young said. Associated Press writers Trân Nguyễn in Sacramento, California; Kate Payne in Tallahassee, Florida; Jonathan Mattise in Nashville, Tennessee; Randall Chase in Dover, Delaware; Steve Karnowski in Minneapolis; Bruce Schreiner in Frankfort, Kentucky; Claire Rush in Portland, Oregon; Summer Ballentine in Jefferson City, Missouri; Gabriel Sandoval in Phoenix; Kim Chandler in Montgomery, Alabama; John Hanna in Topeka, Kansas; and Sean Murphy in Oklahoma City contributed. PHOTOS: The top images from the 2024 elections Republican presidential candidate former President Donald Trump is surrounded by U.S. Secret Service agents at a campaign rally, Saturday, July 13, 2024, in Butler, Pa. (AP Photo/Evan Vucci) Evan Vucci President Joe Biden walks to the Oval Office after attending the House Democratic Caucus Issues Conference, Thursday, Feb. 8, 2024, in Washington. (AP Photo/Evan Vucci) Evan Vucci Democratic presidential nominee Vice President Kamala Harris and running mate Minnesota Gov. Tim Walz arrive during a campaign rally at Desert Diamond Arena, Friday, Aug. 9, 2024, in Glendale, Ariz. (AP Photo/Julia Demaree Nikhinson) Julia Demaree Nikhinson A delegate looks at her phone during the Republican National Convention Wednesday, July 17, 2024, in Milwaukee. (AP Photo/Julia Demaree Nikhinson) Julia Demaree Nikhinson Jocardo Ralston, 47, from Pennsylvania, looks up to a television to watch the presidential debate between President Joe Biden and Republican presidential candidate former President Donald Trump at Tillie's Lounge on Thursday, June 27, 2024, in Cincinnati. (AP Photo/Carolyn Kaster) Carolyn Kaster Supporters of Republican presidential candidate former President Donald Trump look on as a bus carrying Democratic presidential nominee Vice President Kamala Harris passes by following a campaign event, Sunday, Aug. 18, 2024, in Rochester, Pa. (AP Photo/Julia Demaree Nikhinson) Julia Demaree Nikhinson Attendees look on at a campaign rally for Democratic presidential nominee Vice President Kamala Harris, Friday, Oct. 25, 2024, in Houston. (AP Photo/Annie Mulligan) Annie Mulligan Democratic presidential nominee Vice President Kamala Harris arrives to speak on the final day of the Democratic National Convention, Thursday, Aug. 22, 2024, in Chicago. (AP Photo/Jacquelyn Martin) Jacquelyn Martin Republican presidential candidate former President Donald Trump gestures as he arrives at the Republican National Convention Wednesday, July 17, 2024, in Milwaukee. (AP Photo/Julia Demaree Nikhinson) Julia Demaree Nikhinson Republican presidential nominee former President Donald Trump speaks at a campaign rally at PPG Paints Arena, Monday, Nov. 4, 2024, in Pittsburgh, Pa. (AP Photo/Evan Vucci) Evan Vucci Democratic presidential nominee Vice President Kamala Harris, left, and former first lady Michelle Obama arrive to speak during a campaign rally, Saturday, Oct. 26, 2024 at the Wings Event Center in Kalamazoo, Mich. (AP Photo/Jacquelyn Martin) Jacquelyn Martin A supporter greets Republican presidential nominee former President Donald Trump after a campaign event at the Cobb Energy Performing Arts Centre, Tuesday, Oct. 15, 2024, in Atlanta. (AP Photo/Alex Brandon) Alex Brandon A political advertisement for Democratic presidential nominee Vice President Kamala Harris is displayed on the Sphere, Monday, Nov. 4, 2024, in Las Vegas. (AP Photo/John Locher) John Locher Democratic presidential nominee Vice President Kamala Harris walks toward reporters to speak before boarding Air Force Two, as she departs Las Vegas from Harry Reid International Airport, Thursday, Oct. 10, 2024, en route to Arizona. (AP Photo/Jacquelyn Martin) Jacquelyn Martin A voter works on her ballot at a polling place at the Ronald Reagan Presidential Library on Election Day, Tuesday, Nov. 5, 2024, in Simi Valley, Calif. (AP Photo/Chris Pizzello) Chris Pizzello Former President Donald Trump waits for the start of proceedings in Manhattan criminal court, Tuesday, April 23, 2024, in New York. Before testimony resumes Tuesday, the judge will hold a hearing on prosecutors' request to sanction and fine Trump over social media posts they say violate a gag order prohibiting him from attacking key witnesses. (AP Photo/Yuki Iwamura, Pool) Yuki Iwamura Republican presidential nominee former President Donald Trump dances after speaking at a campaign event Tuesday, Sept. 24, 2024, in Savannah, Ga. (AP Photo/John Bazemore) John Bazemore Democratic presidential nominee Vice President Kamala Harris looks at a monitor of the event from backstage, just before taking the stage for her final campaign rally, Monday, Nov. 4, 2024, in Philadelphia. (AP Photo/Jacquelyn Martin) Jacquelyn Martin Republican presidential nominee former President Donald Trump is prayed over with Pastor Paula White during the National Faith Summit at Worship With Wonders Church, Monday, Oct. 28, 2024, in Powder Springs, Ga. (AP Photo/Brynn Anderson) Brynn Anderson Forgiato Blow wears a necklace with a likeness of former President Donald Trump before Republican presidential nominee former President Donald Trump speaks at a campaign event at the Cobb Energy Performing Arts Centre, Tuesday, Oct. 15, 2024, in Atlanta. (AP Photo/Alex Brandon) Alex Brandon Elon Musk jumps on the stage as Republican presidential nominee former President Donald Trump speaks at a campaign rally at the Butler Farm Show, Saturday, Oct. 5, 2024, in Butler, Pa. (AP Photo/Evan Vucci) Evan Vucci Voters stand in line outside a polling place at Madison Church, Tuesday, Nov. 5, 2024, in Phoenix, Ariz. (AP Photo/Matt York) Matt York Democratic presidential nominee Vice President Kamala Harris hugs President Biden during the Democratic National Convention Monday, Aug. 19, 2024, in Chicago. (AP Photo/Charles Rex Arbogast) Charles Rex Arbogast Republican presidential nominee former President Donald Trump speaks during a campaign rally at Lee's Family Forum, Thursday, Oct. 31, 2024, in Henderson, Nev. (AP Photo/Julia Demaree Nikhinson) Julia Demaree Nikhinson Republican presidential nominee former President Donald Trump is reflected in the bullet proof glass as he finishes speaking at a campaign rally in Lititz, Pa., Sunday, Nov. 3, 2024. (AP Photo/Matt Rourke) Matt Rourke Democratic presidential nominee Vice President Kamala Harris, bottom center, greets supporters after speaking during a campaign rally Saturday, Oct. 26, 2024 at the Wings Event Center in Kalamazoo, Mich. (AP Photo/Jacquelyn Martin) Jacquelyn Martin Democratic presidential nominee Vice President Kamala Harris speaks during a campaign rally outside the Philadelphia Museum of Art, Monday, Nov. 4, 2024, in Philadelphia. (AP Photo/Matt Slocum) Matt Slocum A young girl holds a "Black Voters for Harris-Walz" sign outside of Democratic presidential nominee Vice President Kamala Harris' election night watch party at Howard University, Tuesday, Nov. 5, 2024, in Washington. (AP Photo/Terrance Williams) Terrance Williams Democratic presidential nominee Vice President Kamala Harris, left, shares a laugh with second gentleman Doug Emhoff, after reuniting in Pittsburgh, Monday, Nov. 4, 2024, aboard Air Force Two, just before taking off from Pittsburgh for her final campaign rally in Philadelphia. (AP Photo/Jacquelyn Martin, Pool) Jacquelyn Martin With tears streaming down her face, a supporter of Democratic presidential nominee Vice President Kamala Harris applauds as Harris delivers a concession speech after the 2024 presidential election, Wednesday, Nov. 6, 2024, on the campus of Howard University in Washington. (AP Photo/Jacquelyn Martin) Jacquelyn Martin Bikers show their support for President-elect Donald Trump while riding on I-84, Wednesday, Nov. 6, 2024, near Lords Valley, Pa. (AP Photo/Robert F. Bukaty) Robert F. Bukaty Republican presidential nominee former President Donald Trump stands on stage with steelworkers as he speaks during a campaign rally at Arnold Palmer Regional Airport, Saturday, Oct. 19, 2024, in Latrobe, Pa. (AP Photo/Evan Vucci) Evan Vucci Supporters cheer as Republican presidential nominee former President Donald Trump speaks during a campaign event, Sunday, Sept. 29, 2024, in Erie, Pa. (AP Photo/Matt Rourke) Matt Rourke Democratic presidential nominee Vice President Kamala Harris appears on NBC's "Saturday Night Live," with Maya Rudolph, Saturday, Nov. 2, 2024 in New York. (AP Photo/Jacquelyn Martin) Jacquelyn Martin A delegate wearing a small American flag on his ear watches as Republican presidential candidate and former president, Donald Trump, speaks during the final day of the Republican National Convention Thursday, July 18, 2024, in Milwaukee. (AP Photo/Paul Sancya) Paul Sancya Democratic presidential nominee Vice President Kamala Harris hugs a child after speaking during a campaign event at Washington Crossing Historic Park, in Washington Crossing, Pa., Wednesday, Oct. 16, 2024. (AP Photo/Jacquelyn Martin) Jacquelyn Martin President Joe Biden pauses before he addresses the nation from the Oval Office of the White House in Washington, Wednesday, July 24, 2024, about his decision to drop his Democratic presidential reelection bid. (AP Photo/Evan Vucci, Pool) Evan Vucci Republican presidential nominee former President Donald Trump departs after speaking at a campaign event at the Butler Farm Show, Saturday, Oct. 5, 2024, in Butler, Pa. (AP Photo/Alex Brandon) Alex Brandon A voter watches the stage before former first lady Michelle Obama speaks at campaign rally in support of Democratic presidential nominee Vice President Kamala Harris, Tuesday, Oct. 29, 2024, in College Park, Ga. (AP Photo/Brynn Anderson) Brynn Anderson Republican presidential nominee former President Donald Trump and Democratic presidential nominee Vice President Kamala Harris shake hands before the start of an ABC News presidential debate at the National Constitution Center, Tuesday, Sept. 10, 2024, in Philadelphia. (AP Photo/Alex Brandon) Alex Brandon Republican presidential nominee former President Donald Trump arrives at an election night watch party at the Palm Beach Convention Center, Wednesday, Nov. 6, 2024, in West Palm Beach, Fla. (AP Photo/Julia Demaree Nikhinson) Julia Demaree Nikhinson Get Government & Politics updates in your inbox!BME: 8.4% Yield From An Undervalued Sector
WASHINGTON: US consumer spending increased in November amid strong demand for a range of goods and services, underscoring the economy’s resilience, which saw the Federal Reserve this week projecting fewer interest rate cuts in 2025 than it had in September. There was also good news on inflation last month after a series of warmer readings. The report from the Commerce Department on Friday showed moderate monthly rises in prices, with a measure of underlying inflation posting its smallest gain in six months. Nonetheless, the annual increase in core inflation, excluding food and energy, remained stubbornly well above the US central bank’s 2 percent target. There are also worries that plans by President-elect Donald Trump’s incoming administration to cut taxes, impose or raise tariffs on imports and deport millions of undocumented immigrants would stoke inflation. “The economy continues to grow from strong consumer demand as income growth and the wealth effect from higher portfolio values give consumers capacity to spend,” said Jeffrey Roach, chief economist at LPL Financial. “Inflation was more benign than expected but the stickiness of some categories supports the Fed’s hesitancy to materially lower rates next year.” Consumer spending, which accounts for more than two-thirds of US economic activity, rose 0.4 percent last month after a downwardly revised 0.3 percent gain in October, the Commerce Department’s Bureau of Economic Analysis said. Economists polled by Reuters had forecast consumer spending advancing 0.5 percent after a previously reported 0.4 percent rise in October. The nearly broad-based increase in spending was led by new motor vehicles, likely in part as households replaced vehicles damaged during Hurricanes Helene and Milton. That accounted for the bulk of the 0.8 percent rebound in goods outlays. Spending on recreational goods and vehicles also rose as did outlays on financial services and insurance, mostly charges, fees and commissions. There was also increased spending on recreation services, healthcare, clothing and footwear, furniture as well as housing and utilities. Spending at restaurants and bars as well as on hotel and motel stays also increased. Spending on services rose 0.2 percent. When adjusted for inflation, consumer spending rose 0.3 percent after edging up 0.1 percent in October. The so-called real consumer spending is running at an annualized rate of 3.1 percent in the first two months of the fourth quarter. “That will lay the foundation for another very solid GDP number for the fourth quarter,” said Lou Crandall, chief economist at Wrightson ICAP. Consumer spending surged at a 3.7 percent pace in the third quarter, the fastest in 1-1/2 years, helping to propel the economy to a 3.1 percent growth rate following a 3.0 percent pace of expansion in the April-June quarter. The Atlanta Fed is forecasting gross domestic product increasing at a 3.1 percent rate in the fourth quarter. Fed Chair Jerome Powell on Wednesday described the economy as having “just been remarkable,” adding “I feel very good about ... the performance of the economy and we want to keep that going.” The central bank on Wednesday cut its benchmark overnight interest rate by 25 basis points to the 4.25 percent-4.50 percent range. It forecast only two rate reductions in 2025, in a nod to the economy’s continued resilience and still-high inflation. In September, Fed officials had forecast four quarter-point rate cuts next year. The shallower rate cut path in the latest projections also reflected uncertainty over policies from the incoming Trump administration. Stocks on Wall Street traded higher. The dollar slipped against a basket of currencies. US Treasury yields fell. Labor market stamina, marked by low layoffs and strong wage growth, is underpinning consumer spending. Strong household balance sheets, reflecting high stock market and home prices are also driving spending. Household savings remain supportive. Economists, however, cautioned that it was mostly middle- and higher-income households that were benefiting from the wage gains and wealth effects, noting that lower-income consumers were under financial pressure. Personal income rose 0.3 percent, with wages shooting up 0.6 percent. Income at the disposal of households after accounting for inflation rose 0.2 percent, meaning some tapped their savings to fund purchases. The saving rate dipped to 4.4 percent from 4.5 percent in October. Economists did not believe that the moderation in inflation last month would have changed the tone of the Fed’s message on Wednesday. The personal consumption expenditures (PCE) price index rose 0.1 percent after an unrevised 0.2 percent gain in October. Goods prices were unchanged after three straight monthly decreases. Motor vehicle prices increased 0.7 percent, but the cost of recreational goods and vehicles fell for the fourth consecutive month. Services prices rose 0.2 percent after gaining 0.4 percent in October. Housing inflation increased at the slowest pace since April 2021, reflecting a moderation in rents. The cost of food and accommodation services rose by the most in 10 months. In the 12 months through November, the PCE price index advanced 2.4 percent after rising 2.3 percent in October. The increase in the annual inflation rate was partly due to last year’s low readings dropping out of the calculation. Excluding the volatile food and energy components, the PCE price index climbed 0.1 percent. That was the smallest rise since May, and followed an unrevised 0.3 percent gain in October. Core inflation was running at a 2.5 percent rate in the last three months. In the 12 months through November, core prices increased 2.8 percent after advancing by the same margin in October. The Fed tracks the PCE price measures for monetary policy. It hiked its policy rate by 5.25 percentage points between March 2022 and July 2023. “The general disinflation trend, in view of the much higher US dollar, is intact for the next two months,” said Brian Bethune, an economics professor at Boston College. “However, if the incoming administration raises tariffs significantly, that will provoke retaliation and usher in a period of stagflation that will rival the stagflation of the 1970s.” — ReutersAirship AI Holdings, Inc. ( NASDAQ:AISP – Get Free Report )’s share price was down 4.9% on Friday . The company traded as low as $5.18 and last traded at $5.48. Approximately 3,838,211 shares were traded during trading, an increase of 40% from the average daily volume of 2,746,438 shares. The stock had previously closed at $5.76. Analyst Upgrades and Downgrades Separately, Benchmark reaffirmed a “buy” rating and issued a $6.00 target price on shares of Airship AI in a research report on Tuesday, November 19th. View Our Latest Research Report on AISP Airship AI Stock Performance Insider Buying and Selling at Airship AI In other Airship AI news, CTO Yanda Ma sold 30,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $3.18, for a total value of $95,400.00. Following the completion of the sale, the chief technology officer now owns 30,000 shares in the company, valued at $95,400. This represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink . 57.90% of the stock is owned by corporate insiders. Institutional Investors Weigh In On Airship AI Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Airship AI by 54.2% in the third quarter. State Street Corp now owns 128,685 shares of the company’s stock worth $296,000 after purchasing an additional 45,247 shares during the period. JPMorgan Chase & Co. boosted its holdings in Airship AI by 1,982.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,411 shares of the company’s stock worth $63,000 after buying an additional 26,095 shares during the period. Geode Capital Management LLC increased its stake in Airship AI by 12.1% in the 3rd quarter. Geode Capital Management LLC now owns 199,701 shares of the company’s stock worth $459,000 after buying an additional 21,616 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Airship AI by 70.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 29,507 shares of the company’s stock valued at $68,000 after acquiring an additional 12,214 shares during the period. 5.89% of the stock is owned by hedge funds and other institutional investors. About Airship AI ( Get Free Report ) Airship AI Holdings, Inc offers AI-driven video, sensor, and data management surveillance platform in the United States. The company provides Airship Acropolis OS, an IP and analog video surveillance; Airship Command, a suite of visualization tools that allows users to view data and evidence ingested from the edge; and Airship Outpost for high-definition recording with user defined low-bit rate video stream encoding. Featured Articles Receive News & Ratings for Airship AI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airship AI and related companies with MarketBeat.com's FREE daily email newsletter .
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New Delhi, Dec 22 (PTI) Demonstration of seed germination in outer space, a robotic arm to catch a tethered debris there, and testing of green propulsion systems are some of the experiments planned on the POEM-4 -- the fourth stage of ISRO's PSLV rocket that remains in orbit after launching a satellite. The PSLV-C60 mission, slated for an yearend launch, is scheduled to place the twin satellites 'Chaser and Target' to demonstrate the space docking technologies that are crucial for building India's space station. The PSLV Orbital Experiment Module (POEM) will carry 24 experiments -- 14 from various ISRO labs and 10 from private universities and start-ups -- to demonstrate various technologies in space. ISRO plans to grow eight cowpea seeds from seed germination and plant sustenance until the two-leaf stage in a closed-box environment with active thermal control as part of the Compact Research Module for Orbital Plant Studies (CROPS) developed by the Vikram Sarabhai Space Centre. The Amity Plant Experimental Module in Space (APEMS), developed by Amity University, Mumbai, plans to study the growth of spinach in a microgravity environment. Two parallel experiments will be carried out simultaneously -- one on POEM-4 in space and one on the ground at the university. The experiment's outcome will provide insights into how higher plants sense the direction of gravity and light. The Debris Capture Robotic Manipulator, developed by VSSC, will demonstrate the capturing of tethered debris by a robotic manipulator using visual servoing and object motion prediction in the space environment. The robotic manipulator will be capable of capturing free-floating debris and refuelling tethered and free-floating spacecraft in future POEM missions. Mumbai-based start-up Manastu Space will test Vyom-2U, the green propulsion thruster, that uses a blend of hydrogen peroxide and in-house additives as fuel, with the goal of providing a safer and higher-performing alternative to hydrazine for space applications. The Varuna payload, developed by Piersight Space-Ahmedabad, is an in-orbit demonstration of a Synthetic Aperture Radar (SAR) in a CubeSat form factor. This mission marks the initial step towards establishing a constellation of SAR and Automatic Identification System (AIS) satellites, aiming to provide persistent, near real-time monitoring of all human and industrial activity at sea. (This story has not been edited by THE WEEK and is auto-generated from PTI)Democrat Derek Tran defeats GOP Rep. Michelle Steel in Southern California swing House district
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