3 riyal to peso
Companies Don't miss out on the headlines from Companies. Followed categories will be added to My News. A new wave of entrepreneurs is on the rise: Australia’s million-dollar teens. Driven by social media, a desire for independence and extra income, today’s teenagers are launching businesses that were once the domain of older generations. From creating skincare lines and food products to developing video editing tools, these young ‘teenpreneurs’ are proving age is no obstacle to building successful, million-dollar ventures. University of Sydney’s financial economist Associate Professor Dr Shumi Akhtar said the past four years has seen an “exponential rise” in the number of teen entrepreneurs. Dr Akhtar said accessibility to digital tools, e-commerce platforms, and social media are factors contributing to the increase. Sienna Jovcevski noticed a gap in the preadolescent skincare market and now runs a business projected to make $1m in revenue in 2025. She added that more young Aussies are wanting independence, rather than to “work for someone else.” “Social media is playing a significant role for building (young entrepreneurs’) own ideas or strategies and also marketing their business across different platforms,” Dr Akhtar said. “Technology allows teen entrepreneurs to connect with each other, so those who have capital will collaborate with those who have unique ideas. “There has also been a cultural shift to focus more on entrepreneurial skills, as well as an increase in economic opportunities for teen entrepreneurs, such as accessibility to crowd-funding.” Judy Sahay, managing director of Crowd Media Group, said teenagers growing up with technology have a “natural edge” over their older counterparts – although some are “lacking the commitment, foresight, and resilience” needed to truly run a business. “Growing up in an environment where general participation or coming last in a race is often rewarded, they’re often unfamiliar with failure and the grit it takes to bounce back,” Ms Sahay said. “Most teenagers are looking for instant gratification, results and success. “The rise of influencers and online entrepreneurs inspires teens to pursue similar paths, often seeing peers achieve success through social media and online businesses. “Viral trends and the ability to reach global audiences make starting an online business exciting and potentially lucrative. “Platforms like Facebook, Etsy, YouTube, and Instagram enable teens to start a business with minimal upfront investment and technical expertise.” The ease of entry into the business world has also played a significant role in fuelling the success of these ambitious teens – although it must be noted some have gotten their start with advice and funding from their mums and dads. “With free or affordable tools for website creation, marketing, and operations, starting an online business is more accessible than ever,” Ms Sahay said. “Many teens start small with dropshipping [in which a product is shipped directly to the customer rather than via the retailer, affiliate marketing, or selling digital products, requiring little to no upfront investment.” Here are some of the Aussie teen bosses taking the business world by storm. Company: Tweeny Skin Age: 15 At just 15, Sienna Jovcevski is running a skincare business projected to reach $1 million in sales next year. The Sydney schoolgirl is the creative force behind Tweeny Skin, a brand tailored to help teenagers manage preadolescent breakouts. Her venture began at the age of 11 after finding a gap in the skincare market for pre-teens. “The biggest thing that inspired me to start was my own personal struggles with my skin and the lack of products on the market that were suitable for my age group,” Ms Jovcevski said. “During Covid, being stuck indoors and not doing much, I began to notice changes in my skin. I think the stress of everything going on, combined with my age, contributed to it. “I tried a few different products, but they didn’t seem to be doing anything and others were quite irritating on my skin. “Being a tween there just wasn’t anything out there specifically formulated for young, delicate skin.” Ms Jovcevski started out after realising there was a gap in the skincare market for pre-teens. Ms Jovcevski’s Tweeny Skin business is projected to reach $1 million in sales next year. Despite her age, Ms Jovcevski invested her savings of $15,000 to start the business and began finding manufacturers and suppliers herself to produce the products. And, with the booming rise of tween skincare, she couldn’t have chosen a better time. The biggest month on record was in November, with the brand turning over $80,000. “Our product is predominantly sold online, although we do have some stockists throughout Australia which we are looking at expanding on in the New Year,” Ms Jovcevski said. “We are also in talks with some other major retailers, but I can’t say too much about that yet. “It’s proof that young people can make a difference and turn their ideas into something real, no matter their age. “The support I’ve received from my family, customers, and the community has been overwhelming, and it really motivates me to keep pushing forward and growing Tweeny Skin.” Company: The Turtle Tribe Age: 17 Like all great ideas, Ned Heaton’s concept for The Turtle Tribe was born from a problem he saw first-hand on family holidays: ocean plastic pollution. Six years ago, he founded the bamboo toothbrush business that has since earned him industry accolades, both in Australia and abroad. Mr Heaton is also the co-author of a children’s book Say No To Plastic , which he wrote with his dad Shane. “I started selling a range of plastic-free items I sourced from a wholesaler on my local community Facebook group and a simple website, and after 30 days I had $1134,” the 17-year-old Queenslander said. “Then I started offering free bamboo toothbrushes and, with some exposure, my business grew and grew. “I needed so many toothbrushes I was able to get them made at a factory in China with my own branding, and now have suppliers in China, New Zealand and Australia.” Ned Heaton’s concept for The Turtle Tribe was born from a problem he saw first-hand on family holidays. In 2022, both of Mr Heaton’s parents sold their family business to begin working for the company that is now worth six figures. “Some companies judge any proposal only in financial terms, and when you’re on a mission to save the planet, that can be really frustrating,” Mr Heaton said. “I think young people often have a longer-term view of the world than adults.” The teen’s organisation is now one of Australia’s largest suppliers of bamboo toothbrushes. Ned Heaton believes young people often have a longer-term view of the world than adults. He recently landed a successful trial partnership with Woolworths, with the product stocked at six stores across Sydney and Melbourne. “Running a business isn’t for everyone. There’s no straight line to success,” he said. “There are a lot of ups and downs, but if you’re doing something you’re really passionate about, it helps you get through the tough times.” Company: Sam’s Popcorn Age: 17 Running a business is challenging for anyone — but imagine doing it while still in primary school. For Sam Weavers, that was his reality. At just 10 years of age, he started his business, Sam’s Popcorn, after struggling to find good quality versions of the snack. Sam Weavers spent a year developing recipes and getting his head round the legal requirements for starting and running a business. Sam’s Popcorn started out small, selling at markets before growing into a thriving business. Fast forward seven years, and the 17-year-old — who has just finished high school — has expanded rapidly, selling different flavoured popcorn online across the country, as well as at 45 stores in South Australia. “There were a few goals I had in mind when starting my business, but one of the main things I wanted to do was sell my popcorn to large-scale grocery stores,” Mr Weavers said. “You can probably tell that I had big dreams for my business, even though my parents were pretty sceptical at first. “I spent a year developing my recipes and sorting out the legal requirements of my business, but I was working with a product that I enjoyed developing, which really helped. Sam’s popcorn now sells online across the country and in 45 stores in South Australia. Since finishing his school studies, Mr Weaver is working on pans to expand in 2025. Sam’s Popcorn now generates an annual turnover of approximately $100,000, with the business valued at a quarter of a million dollars. “At first, I had trouble due to my age. There were many times during the set up year of my business when potential suppliers would just hang up on me because they didn’t think I was a serious business owner,” he said. “Later in my business, I started to have trouble with time constraints. I’ve needed to run my business while managing my schoolwork and test revision, all while trying to get time to myself along the way. “I have plans for an expansion next year into larger premises which will enable me to substantially increase my production, hire staff and explore new areas of growth.” Company : Harry E (e-commerce & film) Age : 20 Harry Edwards turned a side hustle when he was just 13 into a million-dollar business run through Fiverr – a multinational online marketplace for freelance services. After leaving school at 15, the Melbourne teen began exploring different ventures, which eventually led him to run successful e-commerce stores and a thriving video editing business. Today, the 20 year old’s video editing business has generated over $1.5 million in revenue, and he now employs 16 people globally. Harry Edwards started an e-commerce business and video editing platform at 13. “It all started because I wanted to buy a computer powerful enough to edit my videos, as I had an intense passion for filmmaking,” Mr Edwards said. “Around that time, I made a graduation film for my primary school and sold CDs of the film for $10 each, and that was the first time I heard the word ‘entrepreneur’. “I continued the standard school life until I was 13, but the desire to earn enough money to buy a top PC led me to search for ‘how to make money online’. “My curiosity led me to try Amazon FBA, but it required $1000-plus to buy inventory, which I naturally didn’t have. So, instead, I moved to e-commerce and dropshipping and I could support the rest myself with organic marketing. “This was back in 2018 and from there the business started to grow.” However, despite his success at such a young age, Mr Edwards admits the path towards entrepreneurship is “full of ups and downs” and has no “clear, linear journey”. “It’s all about experimentation, and from experimentation come incredible highs and tough lows. “One of the biggest challenges I faced was my own personal drive and motivation. When I left school and moved out of home at 16 with a highly successful business, I felt unstoppable. “I thought I had everything figured out. But this early success made me complacent. “Now, I’ve found comfort in trusting my own path. Looking back, I’ve learned that it’s not about conforming to anyone else’s advice or expectations. It’s about figuring out what works for me.” More Coverage ‘I was spiralling, overwhelmed’: Aussie mum’s ADHD journey Rebecca Boyd Why saying ‘Merry Christmas’ is so shocking Julie Cross Originally published as The rise of young teenpreneurs: How Gen Z is shaping the future Join the conversation Add your comment to this story To join the conversation, please log in. Don't have an account? Register Join the conversation, you are commenting as Logout More related stories Companies Aussies making $100k a year doing nothing Australians are criminally neglecting a common household item that could be making them rich. Read more Business New rights for travellers hit with flight delays, lost baggage Airlines will face penalties for losing passengers’ bags or failing to provide refunds under Australia’s first aviation customer rights charter to be introduced in the New Year. Read moreWhen COP29 President Mukhtar Babayev stepped to the podium at the closing meeting of the Baku climate summit on Sunday morning, hoping to clinch a hard-fought agreement on global climate finance, he carried with him two speeches. One was crafted around a hoped-for deal being struck, while the other for the possibility of a summit-collapsing impasse, according to two sources familiar with the matter who spoke to Reuters on condition of anonymity. “Yes, we had prepared different variations of the speech for various scenarios, but as we stepped onto the stage, we were confident in our success,” said one of the sources, an official in the COP29 presidency. In the end, Babayev managed to gavel through the $300 billion finance plan to help developing nations cope with the soaring costs of global warming over the next decadebefore critics had time to object, allowing him to read the more positive speech. He praised the agreement as a breakthrough and shamed the deal’s doubters as “wrong”, even as many of the climate deal’s intended recipients slammed it as woefully inadequate. Babayev’s preparation for different outcomes at the divisive summit in the Caspian Sea nation of Azerbaijan reflected what many in the audience had already known before it began: the Baku climate talks were never going to go smoothly. Expectations for a deal were depressed by worries of a looming U.S. withdrawal from global climate cooperation, geopolitical turmoil, and a rise of isolationist politics that had shunted climate change off much of the world’s top priorities list. Those obstacles loomed large in Baku and will continue to overshadow global climate efforts in the months ahead as Brazil prepares for next year’s much broader conference in the Amazon rainforest city of Belem – where the world will plot a years-long course for steeper emissions cuts and building resilience in the fight against climate change. “Multilateralism as a whole is under threat,” said Eliot Whittington, chief systems change officer at the Cambridge Institute for Sustainability Leadership. “Indeed, the UNFCCC is probably the bright spot – proving that even in the face of incredibly hostile geopolitics and on fundamentally difficult questions, a deal can be made,” he said, referring to the U.N. body sponsoring the annual climate summit. But the slow pace of progress, with global emissions still rising, has raised tensions and calls for reform. “This is something that needs to be looked at, when just a handful of countries, based on their own economic interests, can almost wreck the entire process,” Sierra Leone Environment Minister Jiwoh Abdulai told Reuters. Among the biggest factors clouding the negotiations in Baku was the looming return of climate skeptic Donald Trump as president of the U.S., the world’s biggest economy, largest historical emitter of greenhouse gases, and top producer of oil and gas. Trump, who takes office in January, has pledged to withdraw the U.S. from the global Paris Agreement on climate change, as he did during his first 2017-2021 term in the White House, and has called climate change a hoax. Negotiators at the Baku conference said that whilethe U.S. delegation had helpedin coming up with theclimate finance deal, the country was unable to take a high-profile leadership role like it hasin past climate summits, and itcould not provide assurances the next administration would honor its pledges. “With the United States, well, the voters have voted and that’s the way it is. What they’re going to do, we do not know,” South African Environment Minister Dion George said. U.S. officials at the COP29 conference sought to reassure global partners that market forces, existing federal subsidies, and state mandates would ensure continued renewable energy deployment even if Trump disengages from the global process. The war in Ukraine and rising conflict in the Middle East, meanwhile, have diverted global attention to security and energy availability, and led many governments to tighten their purse strings, experts said. That made getting abigger climate finance number hard, observers to the talks said. “Even maintaining climate finance at current levels in the current political environment is a huge fight,” said Joe Thwaites, senior advocate on international climate finance at the Natural Resources Defense Council, an environmental group. The agreement to provide $300 billion annually by 2035 would theoretically triple rich countries’ previous commitments to provide $100 billion by 2020. That earlier goal was reached in full only in 2022, and expires in 2025. The unwillingness of wealthy countries to offer more money and the pressure to conclude even a weak deal ahead of more political turbulencebecame a major source of frustration for the Least Developed Countries and small island states, who told the Baku conference they felt sidelined in the negotiations. At one point in the summit’s final stretch, negotiating blocs representing both groups walked out of talks in protest, delaying a deal by hours. “We came in good faith, with the safety of our communities and the well-being of the world at heart,” Tina Stege, the climate envoy for the Marshall Islands, said at the closing plenary. “Yet, we have seen the very worst of political opportunism here at this COP, playing games with the lives of the world’s most vulnerable people.” India’s envoy, Chandni Raina, used her time to roundly reject the climate finance deal gaveled through by Babayev. “We are disappointed in the outcome which clearly brings out the unwillingness of the developed country parties to fulfil their responsibilities,” she told the summit. Climate advocates said that, while the deal is better than an outright impasse, the rifts exposed by the conference as well as the loss of trust in the process among poorer countrieswill pose a problem for Brazil as it prepares for COP30. “I think this is a toxic chalice for Belem, and it’s going to be up to Brazil how they’re going to restore the trust,” said Oscar Sorria, director of the Common Initiative, a think tank focused on global financial reform. Source: Reuters (Reporting by Valerie Volcovici, Richard Valdmanis and Karin Strohecker; Additional reporting by Naila Bagirova; Editing by Katy Daigle and Paul Simao)
Tulane QB Mensah transfers to DukePHILADELPHIA and NEW YORK , Dec. 27, 2024 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK) today announced that it has completed its previously announced offering of an additional $100 million in aggregate principal amount of its 6.125% notes due 2030 (the "Notes"). The Notes will be a further issuance of, and form a single series with, the $600 million aggregate principal amount of 6.125% Notes due 2030 that FSK issued on November 20, 2024 , increasing the outstanding aggregate principal amount of the series to $700 million . BofA Securities, Inc., BMO Capital Markets Corp., J.P. Morgan Securities LLC, KKR Capital Markets LLC, SMBC Nikko Securities America, Inc., and Truist Securities, Inc. are acting as joint book-running managers for this offering. FSK intends to use the net proceeds of this offering for general corporate purposes, including potentially repaying outstanding indebtedness under credit facilities and certain notes. This announcement does not constitute an offer to sell or a solicitation of an offer to buy any of the Notes, nor shall there be any offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. About FS KKR Capital Corp. FSK is a leading publicly traded business development company (BDC) focused on providing customized credit solutions to private middle market U.S. companies. FSK seeks to invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market companies. FSK is advised by FS/KKR Advisor, LLC. About FS/KKR Advisor, LLC FS/KKR Advisor, LLC (FS/KKR) is a partnership between FS Investments and KKR Credit that serves as the investment adviser to FSK and other business development companies. FS Investments is a global alternative asset manager dedicated to delivering superior performance and innovative investment and capital solutions. The firm manages over $83 billion in assets for a wide range of clients, including institutional investors, financial professionals and individual investors. FS Investments provides access to a broad suite of alternative asset classes and strategies through its best-in-class investment teams and partners. With its diversified platform and flexible capital solutions, the firm is a valued partner to general partners, asset owners and portfolio companies. FS Investments is grounded in its high-performance culture and guided by its commitment to building value for its clients, investing in its colleagues and giving back to its communities. The firm has more than 500 employees across offices in the U.S., Europe and Asia and is headquartered in Philadelphia . KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. Forward-Looking Statements and Important Disclosure Notice This announcement may contain certain forward-looking statements, including statements with regard to future events or future performance or operations of FSK. Words such as "believes," "expects," "projects," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements. Factors that could cause actual results to differ materially include changes in the economy, risks associated with possible disruption in FSK's operations or the economy generally due to terrorism, geo-political risks, natural disasters or pandemics such as COVID-19, future changes in laws or regulations and conditions in FSK's operating area and the price at which shares of FSK's common stock trade on the New York Stock Exchange. Some of these factors are enumerated in the filings FSK makes with the SEC. FSK undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Contact Information: Investor Relations Contact Anna Kleinhenn Anna.Kleinhenn@fsinvestments.com FS Investments Media Team Melanie Hemmert Melanie.Hemmert@fsinvestments.com View original content to download multimedia: https://www.prnewswire.com/news-releases/fsk-completes-public-offering-of-100-million-6-125-unsecured-notes-due-2030--302339667.html SOURCE FS Investments
FSK Completes Public Offering of $100 million 6.125% Unsecured Notes Due 2030Prosperity Bancshares director Leah Henderson sells $91,564 in stock
Want to live forever? Bryan Johnson takes 50 pills a day to stay ‘forever young’!
Creighton earns 86-79 victory against Villanova
By MICHELLE L. PRICE WEST PALM BEACH, Fla. (AP) — An online spat between factions of Donald Trump’s supporters over immigration and the tech industry has thrown internal divisions in his political movement into public display, previewing the fissures and contradictory views his coalition could bring to the White House. The rift laid bare the tensions between the newest flank of Trump’s movement — wealthy members of the tech world including billionaire Elon Musk and fellow entrepreneur Vivek Ramaswamy and their call for more highly skilled workers in their industry — and people in Trump’s Make America Great Again base who championed his hardline immigration policies. The debate touched off this week when Laura Loomer , a right-wing provocateur with a history of racist and conspiratorial comments, criticized Trump’s selection of Sriram Krishnan as an adviser on artificial intelligence policy in his coming administration. Krishnan favors the ability to bring more skilled immigrants into the U.S. Loomer declared the stance to be “not America First policy” and said the tech executives who have aligned themselves with Trump were doing so to enrich themselves. Much of the debate played out on the social media network X, which Musk owns. Loomer’s comments sparked a back-and-forth with venture capitalist and former PayPal executive David Sacks , whom Trump has tapped to be the “White House A.I. & Crypto Czar.” Musk and Ramaswamy, whom Trump has tasked with finding ways to cut the federal government , weighed in, defending the tech industry’s need to bring in foreign workers. It bloomed into a larger debate with more figures from the hard-right weighing in about the need to hire U.S. workers, whether values in American culture can produce the best engineers, free speech on the internet, the newfound influence tech figures have in Trump’s world and what his political movement stands for. Trump has not yet weighed in on the rift. His presidential transition team did not respond to questions about positions on visas for highly skilled workers or the debate between his supporters online. Instead, his team instead sent a link to a post on X by longtime adviser and immigration hard-liner Stephen Miller that was a transcript of a speech Trump gave in 2020 at Mount Rushmore in which he praised figures and moments from American history. Musk, the world’s richest man who has grown remarkably close to the president-elect , was a central figure in the debate, not only for his stature in Trump’s movement but his stance on the tech industry’s hiring of foreign workers. Technology companies say H-1B visas for skilled workers, used by software engineers and others in the tech industry, are critical for hard-to-fill positions. But critics have said they undercut U.S. citizens who could take those jobs. Some on the right have called for the program to be eliminated, not expanded. Born in South Africa, Musk was once on an a H-1B visa himself and defended the industry’s need to bring in foreign workers. “There is a permanent shortage of excellent engineering talent,” he said in a post. “It is the fundamental limiting factor in Silicon Valley.” Trump’s own positions over the years have reflected the divide in his movement. Related Articles National Politics | Trump threat to immigrant health care tempered by economic hopes National Politics | In states that ban abortion, social safety net programs often fail families National Politics | Trump vows to pursue executions after Biden commutes most of federal death row National Politics | Elon Musk’s preschool is the next step in his anti-woke education dreams National Politics | Trump’s picks for top health jobs not just team of rivals but ‘team of opponents’ His tough immigration policies, including his pledge for a mass deportation, were central to his winning presidential campaign. He has focused on immigrants who come into the U.S. illegally but he has also sought curbs on legal immigration , including family-based visas. As a presidential candidate in 2016, Trump called the H-1B visa program “very bad” and “unfair” for U.S. workers. After he became president, Trump in 2017 issued a “Buy American and Hire American” executive order , which directed Cabinet members to suggest changes to ensure H-1B visas were awarded to the highest-paid or most-skilled applicants to protect American workers. Trump’s businesses, however, have hired foreign workers, including waiters and cooks at his Mar-a-Lago club , and his social media company behind his Truth Social app has used the the H-1B program for highly skilled workers. During his 2024 campaign for president, as he made immigration his signature issue, Trump said immigrants in the country illegally are “poisoning the blood of our country” and promised to carry out the largest deportation operation in U.S. history. But in a sharp departure from his usual alarmist message around immigration generally, Trump told a podcast this year that he wants to give automatic green cards to foreign students who graduate from U.S. colleges. “I think you should get automatically, as part of your diploma, a green card to be able to stay in this country,” he told the “All-In” podcast with people from the venture capital and technology world. Those comments came on the cusp of Trump’s budding alliance with tech industry figures, but he did not make the idea a regular part of his campaign message or detail any plans to pursue such changes.
Dodgers met with Japanese pitcher Roki SasakiShare Tweet Share Share Email Modern technology relies on precise measurement, control, and power conversion systems to function efficiently. Devices like Setra sensors , Honeywell valves, and voltage converters play a critical role in industries such as manufacturing, healthcare, and renewable energy. Here’s how these components contribute to advancing technology and improving everyday life. The Importance of Setra Sensors in Modern Applications Setra sensors are renowned for their accuracy and reliability in measuring pressure, humidity, and other environmental factors. Industrial Automation : Setra sensors are essential in monitoring pressure levels in manufacturing processes to ensure safety and efficiency. Healthcare Equipment : These sensors are used in medical devices like ventilators to maintain precise airflow and pressure, critical for patient care. Building Management : Setra sensors contribute to efficient HVAC systems by monitoring air pressure and ensuring optimal energy use. Honeywell Valves: Precision in Flow Control Honeywell valves are integral to controlling the flow of liquids and gases in various applications. HVAC Systems : Honeywell valves regulate water and steam flow in heating and cooling systems, enhancing energy efficiency. Industrial Processes : These valves ensure accurate control of fluids in production lines, improving product quality and reducing waste. Residential Use : Honeywell’s advanced valves are also used in smart home systems, offering precise temperature and water flow management. The Role of Voltage Converters in Power Management Voltage converters transform electrical power to meet the specific requirements of devices and systems. Renewable Energy : Voltage converters are essential in solar and wind energy systems, converting generated power to usable forms for homes and businesses. Consumer Electronics : They enable gadgets to operate safely by adjusting voltage levels to match device specifications. Automotive Industry : Modern electric and hybrid vehicles use voltage converters to distribute power efficiently across systems. How These Components Work Together In many cases, Setra sensors, Honeywell valves, and voltage converters operate in tandem within complex systems. Example in HVAC Systems : Setra sensors monitor air pressure, Honeywell valves control fluid flow, and voltage converters ensure the electronic components operate at the correct voltage. Together, they create efficient, reliable systems that maintain comfortable environments. Industrial Applications : A combination of these technologies ensures safety, precision, and efficiency in manufacturing processes, reducing downtime and costs. Benefits of Integrating Advanced Components The integration of high-quality components like Setra sensors, Honeywell valves, and voltage converters brings several advantages: Increased Efficiency : Accurate measurement and control reduce energy waste. Improved Reliability : High-performance components minimise system failures. Enhanced Scalability : These technologies can adapt to various applications, from small devices to large industrial systems. Conclusion Setra sensors, Honeywell valves, and voltage converters are indispensable in shaping modern technology. Their precise functionality ensures safety, efficiency, and innovation across industries. Whether in industrial automation, healthcare, or renewable energy systems, these components contribute to a future defined by advanced, reliable, and sustainable technologies. Related Items: Role of Setra Sensors , Setra Sensors Share Tweet Share Share Email Comments
Greg Gumbel, Legendary Sports Broadcaster, Dies at 78
NoneWASHINGTON (AP) — After several weeks working mostly behind closed doors, Vice President-elect returned to Capitol Hill this week in a new, more visible role: Helping try to get his most contentious Cabinet picks to confirmation in the Senate, where Vance has served for the last two years. Vance arrived at the Capitol on Wednesday with former Rep. Matt Gaetz and spent the morning sitting in on meetings between Trump’s choice for attorney general and key Republicans, including members of the Senate Judiciary Committee. The effort was for naught: amid scrutiny over sex trafficking allegations and the reality that he was unlikely to be confirmed. Thursday morning Vance was back, this time accompanying Pete Hegseth, the “Fox & Friends Weekend” host whom Trump has tapped to be the next secretary of defense. Hegseth also has faced allegations of sexual assault that he denies. Vance is expected to accompany other nominees for meetings in coming weeks as he tries to leverage the two years he has spent in the Senate to help push through Trump’s picks. Vice President-elect JD Vance, still a Republican senator from Ohio, walks from a private meeting with President-elect Donald Trump’s nominee to be attorney general, former Rep. Matt Gaetz, R-Fla., at the Capitol in Washington, Wednesday, Nov. 20, 2024. (AP Photo/J. Scott Applewhite) President-elect Donald Trump’s nominee to be attorney general, former Rep. Matt Gaetz, R-Fla., center, and Vice President-elect JD Vance, left, walk out of a meeting with Republican Senate Judiciary Committee members, at the Capitol in Washington, Wednesday, Nov. 20, 2024. (AP Photo/Ben Curtis) FILE – Sen. JD Vance, R-Ohio, departs the chamber at the Capitol in Washington, March 15, 2023. (AP Photo/J. Scott Applewhite, File) FILE – Sen. JD Vance, R-Ohio, center speaks during a Senate Banking Committee hearing on Capitol Hill in Washington, March 7, 2023. (AP Photo/Andrew Harnik, File) FILE – Sen. JD Vance, R-Ohio, right, speaks with Sen. Sherrod Brown, D-Ohio, before testifying at a hearing, March 9, 2023, in Washington. (AP Photo/Kevin Wolf, File) FILE – Sen. JD Vance, R-Ohio, arrives for a classified briefing on China, at the Capitol in Washington, Feb. 15, 2023. (AP Photo/J. Scott Applewhite, File) FILE – Sen. JD Vance, R-Ohio, arrives for a vote on Capitol Hill, Sept. 12, 2023 in Washington. (AP Photo/Mark Schiefelbein, File) FILE – Sen. JD Vance R-Ohio speaks during a news conference on Capitol Hill in Washington, Feb. 6, 2024. (AP Photo/Jose Luis Magana, File) Vice President-elect JD Vance, still a Republican senator from Ohio, walks from a private meeting with President-elect Donald Trump’s nominee to be attorney general, former Rep. Matt Gaetz, R-Fla., at the Capitol in Washington, Wednesday, Nov. 20, 2024. (AP Photo/J. Scott Applewhite) The role of introducing nominees around Capitol Hill is an unusual one for a vice president-elect. Usually the job goes to a former senator who has close relationships on the Hill, or a more junior aide. But this time the role fits Vance, said Marc Short, who served as Trump’s first director of legislative affairs as well as chief of staff to Trump’s first vice president, Mike Pence, who spent more than a decade in Congress and led the former president’s transition ahead of his first term. ”JD probably has a lot of current allies in the Senate and so it makes sense to have him utilized in that capacity,” Short said. Unlike the first Trump transition, which played out before cameras at Trump Tower in New York and at the president-elect’s golf club in Bedminster, New Jersey, this one has largely happened behind closed doors in Palm Beach, Florida. There, a small group of officials and aides meet daily at Trump’s Mar-a-Lago resort to run through possible contenders and interview job candidates. The group includes Elon Musk, the billionaire who has spent so much time at the club that Trump has joked he can’t get rid of him. Vance has been a constant presence, even as he’s kept a lower profile. The Ohio senator has spent much of the last two weeks in Palm Beach, according to people familiar with his plans, playing an active role in the transition, on which he serves as honorary chair. Vance has been staying at a cottage on the property of the gilded club, where rooms are adorned with cherubs, oriental rugs and intricate golden inlays. It’s a world away from the famously hardscrabble upbringing that Vance documented in the memoir that made him famous, “Hillbilly Elegy.” His young children have also joined him at Mar-a-Lago, at times. Vance was photographed in shorts and a polo shirt playing with his kids on the seawall of the property with a large palm frond, a U.S. Secret Service robotic security dog in the distance. On the rare days when he is not in Palm Beach, Vance has been joining the sessions remotely via Zoom. Though he has taken a break from TV interviews after months of constant appearances, Vance has been active in the meetings, which began immediately after the election and include interviews and as well as presentations on candidates’ pluses and minuses. Among those interviewed: Contenders , as Vance wrote in a since-deleted social media post. Defending himself from criticism that he’d missed a Senate vote in which one of President Joe Biden’s judicial nominees was confirmed, Vance wrote that he was meeting at the time “with President Trump to interview multiple positions for our government, including for FBI Director.” “I tend to think it’s more important to get an FBI director who will dismantle the deep state than it is for Republicans to lose a vote 49-46 rather than 49-45,” Vance added on X. “But that’s just me.” While Vance did not come in to the transition with a list of people he wanted to see in specific roles, he and his friend, Trump’s eldest son, Donald Trump Jr., who is also a member of the transition team, were eager to see former Democratic Rep. Tulsi Gabbard and Robert F. Kennedy Jr. find roles in the administration. Trump ended up , a powerful position that sits atop the nation’s spy agencies and acts as the president’s top intelligence adviser. And he chose Kennedy to , a massive agency that oversees everything from drug and food safety to Medicare and Medicaid. Vance was also a big booster of Tom Homan, the former acting director of Immigration and Customs Enforcement, In another sign of Vance’s influence, James Braid, a top aide to the senator, is expected to serve as Trump’s legislative affairs director. Allies say it’s too early to discuss what portfolio Vance might take on in the White House. While he gravitates to issues like trade, immigration and tech policy, Vance sees his role as doing whatever Trump needs. Vance was spotted days after the election giving his son’s Boy Scout troop a tour of the Capitol and was there the day of leadership elections. He returned in earnest this week, first with Gaetz — arguably Trump’s most divisive pick — and then Hegseth, of sexually assaulting a woman in 2017, according to an investigative report made public this week. Hegseth told police at the time that the encounter had been consensual and denied any wrongdoing. Vance hosted Hegseth in his Senate office as GOP senators, including those who sit on the Senate Armed Services Committee, filtered in to meet with the nominee for defense secretary. While a president’s nominees usually visit individual senators’ offices, meeting them on their own turf, the freshman senator — who is accompanied everywhere by a large Secret Service detail that makes moving around more unwieldy — instead brought Gaetz to a room in the Capitol on Wednesday and Hegseth to his office on Thursday. Senators came to them. Vance made it to votes Wednesday and Thursday, but missed others on Thursday afternoon. Vance is expected to continue to leverage his relationships in the Senate after Trump takes office. But many Republicans there have longer relationships with Trump himself. Sen. Kevin Cramer, a North Dakota Republican, said that Trump was often the first person to call him back when he was trying to reach high-level White House officials during Trump’s first term. “He has the most active Rolodex of just about anybody I’ve ever known,” Cramer said, adding that Vance would make a good addition. “They’ll divide names up by who has the most persuasion here,” Cramer said, but added, “Whoever his liaison is will not work as hard at it as he will.” Cramer was complimentary of the Ohio senator, saying he was “pleasant” and ” interesting” to be around. ′′He doesn’t have the long relationships,” he said. “But we all like people that have done what we’ve done. I mean, that’s sort of a natural kinship, just probably not as personally tied.” Under the Constitution, Vance will also have a role presiding over the Senate and breaking tie votes. But he’s not likely to be needed for that as often as was Kamala Harris, who since Republicans will have a bigger cushion in the chamber next year.Abortions are up in the US. It's a complicated picture as women turn to pills, travel
FREMONT, Calif., Dec. 11, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced packaging applications, today issued comments regarding recent updates to U.S. export regulations. On December 2, 2024, the U.S. Department of Commerce's Bureau of Industry and Security ("BIS”) imposed additional controls on exports to, and transfers within, the People's Republic of China ("PRC”) relating to advanced integrated circuit ("IC”) products, certain IC manufacturing equipment and technology, and supercomputers associated with artificial intelligence (AI) and advanced computing. As part of the new regulations, among other updates, ACM Research (Shanghai), Inc. ("ACM Shanghai”) and its operating subsidiaries in China and Korea, were added to the Entity List published by BIS. Neither ACM, nor its direct subsidiaries outside of mainland China, were added to the Entity List. ACM is a Delaware corporation founded in California in 1998 to supply capital equipment developed for the global semiconductor industry. Since 2005, ACM has conducted its business operations principally through its subsidiary, ACM Shanghai, a limited liability corporation organized in the PRC. Based on public reports, 140 entities with semiconductor operations related to mainland China were added to the Entity List, 120 of which were semiconductor capital equipment suppliers. We note that neither ACM Shanghai nor its subsidiary was notified of any specific wrongdoing that resulted in its addition to the Entity List. We are assessing the potential impacts to our business and operational plans that may result from the new regulations. We believe the impact to our supply chain and the ability of ACM Shanghai to produce tools in the PRC will be minimized and manageable as a result of having alternative sources and suppliers. We do not anticipate an impact to the ability to sell, deliver and service products to customers outside of the PRC, however the potential impact on sales to our PRC customers will depend, in part, on the effect of the new regulations on their own spending plans. Consistent with prior years, we expect to issue a press release in January with preliminary results for 2024 and our initial revenue outlook for 2025. We will continue to focus on technology innovation for the global market and operate in compliance with all applicable laws and regulations. We are confident we can maintain our role as a key supplier of differentiated capital equipment to global customers and protect the interests of partners, employees, and investors as we navigate the ever-evolving geopolitical landscape. Forward-Looking Statements Certain statements contained in this press release are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "plans,” "expects,” "believes,” "anticipates,” "designed,” and similar words are intended to identify forward-looking statements. Forward-looking statements are based on ACM management's current expectations and beliefs and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings ACM makes with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by ACM. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ACM undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events. About ACM Research, Inc. ACM develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, PECVD, and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. ACM is committed to delivering customized, high-performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmr.com. © ACM Research, Inc. The ACM Research logo is a trademark of ACM Research, Inc. For convenience, the trademark appears in this press release without TM symbols, but that practice does not mean ACM will not assert, to the fullest extent under applicable law, its rights to such trademarks. All other trademarks are the property of their respective owners. For investor and media inquiries, please contact:
Every investor dreams of striking it big with a well-timed investment in a fast-growing company in a red-hot industry. Those who bought Arm Holdings ( ARM -0.38% ) shares soon after it went public in fall 2023 have already benefited from dreamy gains. The stock is up by about 75% this year amid optimism that its tech licensing business could benefit from a surge in demand related to the artificial intelligence (AI) trend. But do the company's fundamentals justify the hype? Let's find out. A dominant niche in the tech industry Founded in 1990, U.K.-based Arm Holdings has become a key player in the global technology industry. It specializes in intellectual property, licensing central processing unit (CPU) architectures to other companies that build upon them, incorporating Arm's designs into a wide range of hardware. Arm-based processors are popular in consumer tech, and can be found in an estimated 99% of smartphones. That said, Arm specializes in CPUs, not the graphics processing units (GPUs) that are used to train and power large language models like ChatGPT. The company will get indirect exposure to the AI space by licensing designs like its Armv9 CPUs, which are geared toward increased performance for more demanding smartphone tasks as more companies add chatbots and other features to their mobile devices. Companies that are built around collecting licensing revenue can be attractive because of its stable, recurring nature and high margins. However, Arm faces several challenges that could hinder its long-term performance. For starters, the company is a victim of its own success. Is this still a growth opportunity? Arm-based processors already have a massive market share in smartphones and other consumer devices, limiting future growth potential. The company estimates that 70% of the world's population uses Arm-based products. Furthermore, many of the core industries it serves are mature. Smartphone sales, for example, are believed to have peaked in 2016. It's hard to see how new, AI-related opportunities can move the needle for a company that does most of its business in large but stagnant verticals. Arm's fiscal 2025 second-quarter earnings highlight this dynamic. For the quarter, which ended Sept. 30, its royalty revenue jumped 23% year-over-year to $514 million, driven by the success of its new armv9 architecture in smartphones. However, this good news was overshadowed by weaknesses in the rest of the business, leading to consolidated revenue growth of just 5% to $844 million. Arm's bottom line wasn't impressive, either. With just $64 million in operating income, its operating margin was just 8%, partially because of its massive research and development spending as it strives to stay competitive. Arm doesn't have an easy solution to these problems. Despite its huge market share, its CPU architectures aren't the only game in town. Rival Intel offers competing architectures like x86. Arm is also threatened by a free, open-source alternative called RISC-V, created by computer scientists at the University of California, Berkeley. These competitors could limit its pricing power and growth potential. Arm's valuation has lost touch with reality At the end of the day, Arm Holdings is a mature, slow-growing business with limited exposure to the AI industry. But its valuation doesn't seem to reflect this fundamental reality. With a forward price-to-earnings (P/E) multiple of 67, the company's shares are significantly pricier than the Nasdaq-100 's average forward P/E of 27, as well as chipmakers like Nvidia and Intel, which boast ratios of 33 and 22, respectively. For investors, the risks of buying Arm Holdings could outweigh the potential rewards. Shares look significantly overvalued and could give back much of 2024's gains in 2025 and beyond. This stock should be sold or avoided.Best of the Best
Hopes for a Santa Claus rally on Wall Street fell Friday as tech stocks slid lower, while a weaker yen lifted Japanese equities. US indices slumped to end the holiday week, with the tech-heavy Nasdaq Composite losing 1.5 percent. Shares in Tesla were closed around 5.0 percent lower, while those in AI chipmaker Nvidia shed around 2.0 percent. Wall Street stocks have historically performed well around the year-end holidays in what is popularly known as a Santa Claus rally. A Christmas Eve jump in equities got the Santa rally off to a flying start and indices barely budged in Thursday trading. Briefing.com analyst Patrick O'Hare also pointed to an increase in 10-year US Treasury bond yields to around 4.6 percent, which he noted is a rise of nearly 0.9 percentage points since the US Federal Reserve made its first recent interest rate cut in September. "The Fed doesn't hold sway over longer-dated maturities like it does over shorter-dated securities, so the bump in rates at the back end of the curve is being watched with an anxious eye as a possible harbinger of a pickup in inflation and/or the budget deficit," O'Hare said. Wall Street stocks took a knock earlier this month when the Fed indicated it would likely cut interest rates less than it had previously expected to. That was in part because of uncertainty tied to President-elect Donald Trump's vow to raise import tariffs, which could boost inflation that is already proving sticky. In Asia, Japan's Nikkei index closed up nearly two percent, with the yen's recent weakness proving a boon for major exporters. The yen hit 158.08 per US dollar on Thursday evening -- its lowest in almost six months -- following comments made by Bank of Japan Governor Kazuo Ueda that failed to give a clear signal on a possible interest rate increase next month. Recent data has showed Japan's inflation rose for a second month in December, while industrial production declined less than expected in November and retail sales came in higher than estimated last month. Japan's government also on Friday approved a record budget for the next fiscal year, ramping up spending on social welfare for its ageing population and on defense to tackle regional threats. In Seoul, the stock market closed down one percent after the won plunged to a nearly 16-year low of 1,487.03 against the dollar on Friday morning. South Korea is struggling to emerge from political turbulence in the wake of President Yoon Suk Yeol's martial law declaration this month, which prompted his impeachment. Acting President Han Duck-soo was also impeached Friday in a vote that prompted governing party lawmakers to protest with angry chants and raised fists. South Korea's business outlook for January fell in the Bank of Korea's composite sentiment index, the biggest month-on-month slide since April 2020, according to data based on almost 3,300 firms released Friday. In Europe, Frankfurt's DAX index rose after German President Frank-Walter Steinmeier dissolved parliament on Friday and confirmed the expected date for the early general election, emphasizing the need for "political stability" in Europe's largest economy. New York - Dow: DOWN 0.8 percent at 42,992.21 (close) New York - S&P 500: DOWN 1.1 percent at 5,970.84 (close) New York - Nasdaq Composite: DOWN 1.5 percent at 19,722.03 (close) London - FTSE 100: UP 0.2 percent at 8,149.78 (close) Paris - CAC 40: UP 1.0 percent at 7,355.37 (close) Frankfurt - DAX: UP 0.7 percent at 19,984.32 (close) Tokyo - Nikkei 225: UP 1.8 percent at 40,281.16 points (close) Seoul - Kospi: DOWN 1.0 percent at 2,404.77 (close) Hong Kong - Hang Seng Index: UP 0.1 percent at 20,116.93 (close) Shanghai - Composite: UP 0.1 percent at 3,400.14 (close) Euro/dollar: UP at $1.0429 from $1.0424 on Thursday Pound/dollar: UP at $1.2579 from $1.2526 Dollar/yen: DOWN at 157.89 yen from 158.00 yen Euro/pound: DOWN at 82.87 pence from 83.19 pence West Texas Intermediate: UP 1.4 percent at $70.60 per barrel Brent North Sea Crude: UP 1.2 percent at $74.17 per barrel burs-rl/rlp/bys/smsSteady Profit Grower Mastercard Hits New High, Primes For Next Move
Creighton earns 86-79 victory against VillanovaOn April 1, four years ago, piqued by the incessant jokes in the village at his expense, Bandu Barve decided he’d had enough. It was time for him to turn ‘smart’. His dead granny’s voice rang in his ears — “Read the papers, Bandya, they tell you all.” So, off went Bandu to the stash of newspapers on his father’s desk. As luck would have it, the first paper Bandu got his hands on was The Hindu businessline . The stock recos, in particular, had him in thrall. Soon, Bandu metamorphosed into an ace investor and trader. These days, Bandu picks five stocks each Sunday, which he believes will be blockbusters over the next week. Here’s your chance to match step with Bandu. Guess the stock that will give the best return by next Friday (BSE prices). By this Wednesday noon, mail us your pick and its expected price rise to bandublockbuster@gmail.com with your name, mobile number and address. One lucky winner will get a prize of ₹2,000. To know the winner selection process, please click: https://tinyurl.com/Bandu-selection Bandu’s picks Devyani International Hitachi Energy India Campus Activewear Himadri Speciality Chemical CEAT Last week’s winner: Manickavasagan Last week’s winning stock: Five-Star Business Finance Closing price (Dec 20): ₹764.25 Closing price (Dec 27): ₹803.20 Return: 5.1 per cent CommentsTina Wellman Scholarship for Entrepreneurs Offers Award to Future Business Leaders with Innovative Vision
Pot Stocks: Buy, Sell, or Hold in 2025?Thousands of UK social media users experiencing ongoing Meta blackout
Tua Tagovailoa says he's had personal security since one of his cars was broken intoMilan's Via MonteNapoleone usurps New York's Fifth Avenue as world's most upscale shopping street
- Previous: www rich9 biz
- Next: i rich bingo
