panalo 999
Tulsi Gabbard, Trump’s pick for intel chief, faces questions on Capitol Hill amid Syria falloutSpain's monarch pays tribute to the victims of Valencia floods in his Christmas Eve speech
Commentary: Carbon-capture promises require an unrealistic land grabWarner Bros Discovery Sees Hyderabad GCC as Largest Tech Hub in IndiaFive holiday wishes for the Minnesota Wild
TORONTO , Nov. 27, 2024 /CNW/ - Blue Moon Metals Inc. (" Blue Moon ") MOON BMOOF , Nussir ASA (" Nussir ") and Nye Sulitjelma Gruver AS (" NSG ") are pleased to announce that the parties have entered into separate binding letters of intent (respectively, the " Nussir LOI " and the " NSG LOI " and collectively the " LOIs "), each dated November 27, 2024 , pursuant to which Blue Moon has agreed to acquire all of the issued and outstanding common shares of Nussir and NSG (respectively the " Nussir Transaction " and the " NSG Transaction " and collectively with the Concurrent Equity Financing as defined below, the " Transactions "). Both Nussir and NSG are private Norwegian companies with properties in northern Norway (the " Nussir Property " and the " NSG Property, " respectively). Blue Moon is acquiring a 100% interest in Nussir for US$55.3M and a 100% interest in NSG for US$12M , both to be satisfied in common shares of Blue Moon (the " Blue Moon Shares ") at a deemed price of C$0.30 per Blue Moon Share, which will be the same price per Subscription Receipt (as defined below) in the Concurrent Equity Financing (the " Blue Moon Deal Price "). NSG shareholders will also receive US$3M in cash milestone payments (the " Cash Milestone Payments ") related to permitting for tailings discharge followed by receipt of the operating permit for the NSG Property. Blue Moon will also complete a brokered private placement in tandem with the Nussir Transaction and the NSG Transaction at the Blue Moon Deal Price (the " Concurrent Equity Financing "). A maximum US$35.7M of new equity is being raised with the set minimum of US$21.4M by top tier global mining investors. More details on the Concurrent Equity Financing can be found below. Definitive agreements covering the Nussir Transaction and NSG Transaction will be executed at or prior to closing of the Concurrent Equity Financing. The implied equity value of the Transactions is approximately US$100 - $115 million on a fully-diluted in-the-money basis, with the range based on the low and high end of the Concurrent Equity Financing. At closing, existing Blue Moon, Nussir and NSG shareholders will own a minimum of 12%, 55% and 12%, respectively, of Blue Moon Shares outstanding on a fully-diluted in-the-money basis, assuming the low end of the Concurrent Equity Financing, or 10%, 48% and 10%, respectively, assuming the maximum proceeds are raised in the Concurrent Equity Financing. Some existing Blue Moon and Nussir shareholders will participate in the Concurrent Equity Financing and no one shareholder will own more than 20% of Blue Moon under any Concurrent Equity Financing scenario at closing. The transaction is subject to final acceptance by the TSX Venture Exchange ("TSXV"), as the Transactions are considered a "Reviewable Transaction" under the policies of the TSXV. As per TSXV requirements, trading of the Blue Moon Shares is halted and will remain halted until receipt of TSXV's approval of the Transactions, which is expected when a NI 43-101 technical report will be issued to Blue Moon on the Nussir Property, among other customary items. No vote of Blue Moon shareholders is anticipated, and closing is expected by the end of February 2025 . Nussir shareholders are required to achieve 90.1% shareholder support, which is expected to be received by the time the Concurrent Equity Financing closes. NSG has shareholder approval from 100% of their shareholders. Nussir and NSG are arm's length parties to each other, and Blue Moon is an arm's length party to both of them. No finder's fees are being paid in connection with the Transactions, other than the fees payable to the Agents (as described below) in connection with the Concurrent Equity Financing. Strategic Rationale for Blue Moon Provides immediate asset and geographic diversification with more emphasis on near term copper: Tier 1 jurisdiction covering all 3 projects; the United States and Norway are members of the Minerals Security Partnership (MSP), a US collaboration initiative that aims to secure the supply of critical raw materials including copper and zinc Addition of the low-cost brownfield Nussir Property copper-silver-gold mine is expected to significantly enhance Blue Moon's developing production profile: The Nussir Property is an underground development project with existing critical infrastructure located next to property (access, power, port, etc.). Open pit historical production was suspended in the 1970s. The construction of a decline is expected to begin in Q1-2025 Exploration ramp access is expected to start construction at both the Blue Moon property (the " Blue Moon Property ") and the NSG Property in 2025 or 2026. Production last occurred in the 1940s at the Blue Moon Property and in the early 1990s at the NSG Property Existing Mineral Resources of: Nussir Property (1) (2) Historical estimate of measured resources of 1.7 Mt at 1.16% Cu, 0.22 g/t Au and 13.3 g/t Ag and indicated resources of 31.8 Mt at 1.09% Cu, 0.13 g/t Au and 12.6 g/t Ag Historical estimate of inferred resources of 33.4 Mt at 1.16% Cu, 0.17 g/t Au and 16 g/t Ag Blue Moon Property (3) Indicated resources of 3.51 MT at 6.14% Zn, 0.75% Cu, 1.54 oz/T Ag, 0.05 oz/T Au and 0.24% Pb Inferred resources of 3.83 MT at 5.94% Zn, 0.59% Cu, 1.54 oz/T Ag, 0.05 oz/T Au and 0.34% Pb NSG Property (1)(4) Historical inferred resources of 29.4 Mt at 0.9% Cu and 0.17% Zn. Gold, silver and sulfur were not assayed for, but are expected to form a credit in the future All 3 projects have the potential to materially increase in size prior to a final mill construction decision: At the Nussir Property, Blue Moon is expecting to focus the next 18-months on 6 different opportunities aimed at increasing both shear-hosted and sediment hosted resources through primarily drilling from underground. Underground exploration potential is considered to be high At the Blue Moon Property, post maiden preliminary economic assessment release, expected in Q1-2025 (see October 10, 2024 press release), Blue Moon expects to focus on drilling off the existing volcanic massive sulphide resources with the aim of upgrading to reserve status from underground, and extending the deposit down dip. Underground exploration potential is considered to be high At the NSG Property, regional exploration activities through underground tunnels will aim to expand on the significant production history at multiple volcanic massive deposits between 1887 and 1991 Limited exploration dollars have been spent on all 3 projects for decades, and Nussir and NSG have never been exposed to the public markets The metallurgical response to simple flotation at both the Nussir Property and the Blue Moon Property is expected to be very positive Available infrastructure at all 3 projects with access to power, water, ports and underground infrastructure Blue Moon would anticipate that production decisions could be made once all 3 projects have substantially tested their exploration potential, from underground drilling, test mining, mineral sorting and by-product credit market analysis. Negligible royalties exist at Blue Moon, and 0.75% NSRs on both the Nussir Property and NSG Property, and no streams nor off-takes have been sold on any of the 3 projects. Precious metals are expected to contribute over 20% to the NSR of both the Nussir Property and the Blue Moon Property Re-rating opportunity is expected to result from increased scale, significantly enhanced growth profile and establishing a presence in an emerging, mining-friendly jurisdiction. Key personnel from the principals of Blue Moon will aim to build up a high-quality team to advance these projects and to become a significant base metals mining company Blue Moon's CEO, Christian Kargl-Simard , said: "This transaction will create a new copper-zinc development company located in Tier 1 jurisdictions, focused on critical metals for the western world. It presents the opportunity for us to leverage our technical expertise and strong access to capital markets to unlock value for all shareholders by advancing and developing multiple base metals projects. In a world where geopolitics and national security are front page topics in sourcing critical materials, we believe our foray into Europe and the United States is well timed. We plan on deploying the best available technologies on our projects and showing strong support for our communities and partner. First off though, it's time to show off results from the drill bit." About the Nussir Property Nussir is a privately held mining company incorporated under the laws of Norway , established in 2005. Its aim is to develop the Nussir Property copper-silver-gold mine located in northern Norway . Former open pit mining occurred at the mine during the 1970s in 4 shear-hosted open pits. Nussir has been focused on advancing a sedimentary hosted copper deposit on the same project with analysis, study work and permits granted over a 20-year period. SRK Consulting (UK) Limited completed an updated JORC-compliant feasibility study on the construction ready project in May 2023 with an initial capital cost estimated at US$101 million . Historical estimate of JORC-compliant resources exist as follows (SRK DFS Report dated May 2023 ): (1)(2) Measured resources of 1.7 Mt at 1.16% Cu, 0.22 g/t Au and 13.3 g/t Ag Indicated resources of 31.8 Mt at 1.09% Cu, 0.13 g/t Au and 12.6 g/t Ag Inferred resources of: 33.4 Mt at 1.16% Cu, 0.17 g/t Au and 16 g/t Ag High potential to increase global resources through: Upgrading undrilled areas of the ~10 km resource trend and infilling high-grade resource (+2% CuEq) areas that have seen limited drill density Defining the parallel zone at the Nussir Property, which does not currently have any resources, and could have meaningful strike length Drilling underneath the historical open pit production through the existing 2.5 km underground tunnel, and expanding resources that are open Drilling a geochemical anomaly between the historical open pits and the Nussir Property Groundbreaking ore sorting technology is being tested which could provide major reduction in waste, increase processing capacity and lower operating costs Blue Moon will be investigating all of these opportunities. With substantial drilling from the underground decline and test mining different options for tailings deposition will be investigated prior to completing a feasibility study and making a full construction decision. This work is projected to be the bulk of the use of proceeds from the Concurrent Equity Financing. About the NSG Property Blue Moon is excited about the copper potential of northern Norway , and the NSG Property would be the first new copper mine in the country in over 50 years. The NSG Property has some of the most attractive rocks in the country from a historical perspective, with the area at the NSG Property having hosted the largest mining operation in the country. The remaining deposits still constitute among the largest known deposit of copper in Norway and are expected to contain significant exploration upside. No resources exist as compliant with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (" NI 43-101 "), but the NSG Property has a historical estimate of inferred resources of: 29.4 Mt at 0.9% Cu and 0.17% Zn. Precious metals and sulfur have not been assayed but are expected to become a credit. (1)(4) Concurrent Equity Financing The Concurrent Equity Financing will be conducted by way of a brokered private placement of a minimum of 10,000,000 units and a maximum of 16,666,667 units (the " Units ") of Blue Moon at a price of C$3.00 per Unit for minimum gross proceeds of C$30,000,000 and maximum gross proceeds of C$50,000,000 , co-led by Cormark Securities Inc. and Scotia Capital Inc. on behalf of a syndicate of investment dealers (collectively, the " Agents ") Each Unit issued in the Concurrent Equity Financing will consist of 1 common share of Blue Moon (each, a " Unit Share ") and 9 subscription receipts (each, a " Subscription Receipt "), with 10% of the price per Unit allocated to the Unit Share underlying each Unit and 90% of the price per Unit allocated to the Subscription Receipts underlying each Unit. The proceeds allocated to the Unit Shares will be released to Blue Moon upon closing of the Concurrent Equity Financing, and will not be returned to the subscribers in the event the Escrow Release Conditions (as defined below), which include the completion of the Nussir Transaction, are not met. Upon completion of the Nussir Transaction, and subject to certain customary conversion conditions for a transaction of this nature (collectively, " Escrow Release Conditions "), each Subscription Receipt will convert into one common share of Blue Moon (each, an " Underlying Share ") without payment of additional consideration or further action on the part of the holder. Blue Moon has agreed to pay to the Agents a commission equal to 6.0% of the gross proceeds from the Concurrent Equity Financing, 50% of which will be placed in escrow (the " Escrowed Commission ") as described below. A President's List will also be part of the Concurrent Equity Financing with varying commissions depending on the potential subscriber, but none higher than 6.0%. The proceeds of the Concurrent Equity Financing, other than those proceeds allocated to the Unit Shares, and the Escrowed Commission (the " Escrowed Proceeds "), will be held in escrow pending satisfaction of the Escrow Release Conditions. Provided that the Escrow Release Conditions are satisfied or waived (where permitted) prior to 5:00 p.m. ( Toronto time) on February 27, 2025 , or prior to April 30, 2025 if Blue Moon shareholder approval is required by the TSXV, (the " Escrow Release Deadline "), the Escrowed Commission will be released to the Agents from the Escrowed Proceeds, the balance of the Escrowed Proceeds will be released to or as directed by Blue Moon, and the Subscription Receipts shall be automatically converted into Underlying Shares, without payment of any additional consideration or further action on the part of the subscribers. In the event that the Escrow Release Conditions are not satisfied by the Escrow Release Deadline, the Escrowed Proceeds, together with interest earned thereon, will be returned to the holders of the Subscription Receipts and such Subscription Receipts will be cancelled. The proceeds from the Unit Shares will be immediately released to Blue Moon to be used for general corporate purposes and advancement of the Blue Moon project, along with costs related to the Transactions. The proceeds from the Subscription Receipts will be primarily utilized for exploration decline development, underground exploration, and optimization studies at the Nussir Property, exploration permitting at the Blue Moon Property and the NSG Property, and general corporate purposes and working capital. The securities issued under the Concurrent Equity Financing will be subject to a statutory four-month hold period under applicable securities laws. Completion of the Concurrent Equity Financing does not provide a guarantee that the Transactions will be completed. The Concurrent Equity Financing must be closed by January 15 th and the overall Transactions closed by February 27, 2025 , as outside dates, unless extended by mutual agreement of the parties. Blue Moon intends to list on the Oslo Stock Exchange after closing of the Transactions. Conditions Precedent The closing of the Nussir Transaction is conditional on closing of the NSG Transaction and the conversion of Subscription Receipts is conditional on the Transactions closing. The closing of the NSG Transaction is conditional on the closing of the Nussir Transaction. Both Nussir and NSG are being acquired on a debt-free basis. The boards of directors of all 3 companies have unanimously approved the Transaction. The board of directors of the resulting issuer (the " Board ") shall include 3 existing directors of Blue Moon ( Christian Kargl-Simard , Maryse Bélanger and Haytham Hodaly ), two nominated by Nussir, being Francis Johnstone and Karin Thorburn , with one nominee of NSG to be nominated at the next scheduled shareholder meeting. Senior Officers of the resulting issuer will be Christian Kargl-Simard as Chief Executive Officer and Frances Kwong as Chief Financial Officer, with additional officers to be announced in due course. The existing JORC-compliant feasibility study on the Nussir Property will be restated and/or reconciled to be compliant with NI 43-101 prior to closing. A NI 43-101 compliant report on the NSG Property is also being prepared, but no determination has been made by the TSXV whether such a report will or will not be required for completion of the Transactions at this time. The following is the minimum escrow release policy for Blue Moon Shares to be issued to Nussir shareholders on closing of the Nussir Transaction: 50% release after 6 months and a following 50% release after 12 months. The following is the minimum escrow release policy for Blue Moon Shares to be issued to NSG shareholders on closing of the NSG Transaction: 50% release after 6 months and a following 50% release after 12 months. All securities issued under the Transactions may be subject to additional escrow requirements as determined by the TSXV. In addition to the required 90.1% Nussir shareholder approval, the Transaction is also subject to the satisfaction of certain other closing conditions customary for a transaction of this nature. The Transaction remains subject to Exchange approval in all respects on behalf of Blue Moon. The Transaction is expected to be completed by the end of February 2025 . Blue Moon Shares will remain halted for trading until closing of the Transaction. The definitive agreements (the " Definitive Agreements ") for the Nussir Transaction and the NSG Transaction, which will be signed upon closing of the Concurrent Equity Financing, will include representations, warranties, covenants, indemnities, termination rights and other provisions customary for a transaction of this nature. In particular, the Definitive Agreements will provide for customary deal protections, including non-solicitation covenants on the parties and a right of the other party to match any Superior Proposal (as defined in the Definitive Agreements). The Definitive Agreements will include a termination fee payable by the parties, under certain circumstances (including if the Definitive Agreements are terminated in connection with such parties pursuing superior proposals). Advisors and Counsel DLA Piper ( Canada ) LLP and Simonsen Vogt Wiig AS are acting as Blue Moon's Canadian and Norwegian legal advisors, respectively. CIBC Capital Markets is acting as financial advisor to Nussir. Fasken Martineau LLP and Arntzen de Besche are acting as Nussir' Canadian and Norwegian legal advisors, respectively. Qualified Persons Dustin Small , P. Eng., qualified person under NI 43-101, has approved the scientific and technical information related to the operations matters contained in this news release. Notes: (1) As at the date of this news release, a qualified person has not completed sufficient work to classify this historical estimate as current mineral resources or mineral reserves in accordance with NI 43-101 and Blue Moon is not treating the historical estimate as current mineral resources or mineral reserves. In order to verify the historical estimate, the Company needs to engage a qualified person to review the historical data, review any work completed on the property since the date of the estimate and complete a new technical report. Blue Moon views this historical data as an indicator of the potential size and grade of the mineralized deposits, and this data is relevant to Company's future plans with respect to the property. (2) The effective date of this estimate is December 31, 2020, and is contained in the "Nussir Feasibility Study 2023" dated May 2023 and prepared by Sabine Anderson, Richard Oldcorn and Guy Dishaw of SRK Consulting (UK) Limited. (3) The effective date of this estimate is October 27, 2023. For more information see the "Technical Report for the Blue Moon Mine, Township 4 South, Range 16 East MDB&M, Mariposa County, California" dated November 19, 2023 and prepared by Dr. Thomas A. Hendricksen, QP, CPG, and Scott Wilson, CPG. This is expected to be superseded by a NI 43-101 preliminary economic assessment and updated resource estimate in Q1-2025. (4) The effective date of this preliminary internal resource estimate is July 10, 2022, and is contained in the "Sulitjelma – Resource Estimation Memo" prepared by Adam Wheeler, dated July 10, 2022. About Blue Moon Blue Moon Metals is advancing its Blue Moon polymetallic deposit which contains zinc, gold, silver and copper. The property is well located with existing local infrastructure including paved highways three miles from site; a hydroelectric power generation facility a few miles from the site, a three-hour drive to the Oakland port and a four-hour drive to the service center of Reno. Zinc and copper are currently on the USGS list of metals critical to the US economy and national security. More information is available on the Company's website ( www.bluemoonmetals.com ). For further information: Blue Moon Metals Inc. Christian Kargl-Simard President, CEO and Director Phone: (416) 230 3440 Email: christian@bluemoonmetals.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS This news release includes "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian and U.S. securities laws relating to, among other things, the anticipated benefits of the Transactions; the holdings of the existing Blue Moon, Nussir and NSG shareholders at closing of the Transactions; the participation of some Nussir and NSG shareholders in the Concurrent Equity Financing; that no single shareholder will own 20% of Blue Moon at closing; the strategic rationale for the Transactions; the growth potential of Blue Moon; Blue Moon's development plans for the Nussir Property, Blue Moon Property and NSG Property; the decisions regarding production; the creation of a new copper-zinc development company; deployment of the best available technologies on the projects; the exploration potential at the Nussir Property; the anticipated use of the proceeds of the Concurrent Equity Financing; the conversion of the Subscription Receipts; the anticipated timing of closing of the Concurrent Equity Financing; the listing of Blue Moon on the Oslo Stock Exchange and the timing thereof; the entry into the Definitive Agreements; the composition of the Board following closing of the Transactions; the receipt of all required approvals for closing of the Transactions, including the 90.1% Nussir shareholder approval; the ability of the parties to satisfy the other conditions to the closing of the Transactions; the anticipated timing for closing of the Transactions; the restatement and/or reconciliation of the technical report on the Nussir Property to be compliant with NI 43-101; and that the technical report for the Blue Moon Property will be superseded by a NI 43-101 preliminary economic assessment and updated resource estimate, and the timing thereof. Forward-looking information may in some cases be identified by words such as "will", "anticipates", "expects", "intends" and similar expressions suggesting future events or future performance. We caution that all forward-looking information is inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking information. A number of risks, uncertainties and other factors could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause our current objectives, strategies and intentions to change. Accordingly, we warn investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding our future results or plans. We cannot guarantee that any forward-looking information will materialize and you are cautioned not to place undue reliance on this forward-looking information. Any forward-looking information contained in this news release represents expectations as of the date of this news release and are subject to change after such date. However, we are under no obligation (and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein. Forward-looking information is provided herein for the purpose of giving information about the Transactions referred and its expected impact. Readers are cautioned that such information may not be appropriate for other purposes. Completion of the Transactions is subject to customary closing conditions, termination rights and other risks and uncertainties including 90.1% Nussir shareholder approval. Accordingly, there can be no assurance that the Transactions will occur, or that it will occur on the terms and conditions contemplated in this news release. The Transactions could be modified, restructured or terminated. There can also be no assurance that the strategic benefits expected to result from the Transactions will be fully realized. In addition, if the transaction is not completed, and each of the parties continues as an independent entity, there are risks that the announcement of the Transactions and the dedication of substantial resources of each party to the completion of the Transactions could have an impact on such party's current business relationships (including with future and prospective employees, customers, distributors, suppliers and partners) and could have a material adverse effect on the current and future operations, financial condition and prospects of such party. A comprehensive discussion of other risks that impact Blue Moon can also be found in its public reports and filings which are available at www.sedarplus.ca . SOURCE Blue Moon Metals Inc. View original content: http://www.newswire.ca/en/releases/archive/November2024/27/c7574.html © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Police arrested a “strong person of interest” Monday in the brazen Manhattan killing of UnitedHealthcare’s CEO after a quick-thinking McDonald’s employee in Pennsylvania alerted authorities to a customer who was found with a weapon and writings linking him to the ambush. The 26-year-old man had a gun believed to be the one used in the killing and writings suggesting his anger with corporate America, police officials said. He was taken into custody after police got a tip that he was eating at a McDonald’s in Altoona, Pennsylvania, NYPD Commissioner Jessica Tisch said at a news conference. Police identified the suspect as Luigi Mangione. Mangione was born and raised in Maryland, has ties to San Francisco, and his last known address is in Honolulu, Chief of Detectives Joseph Kenny said at a news briefing. Here's the latest: When an officer asked Mangione if he’d been to New York recently, he “became quiet and started to shake,” the court documents say. A police criminal complaint charged him with forgery, carrying firearms without a license, tampering with records or identification, possessing an instrument of crime and providing false identification to law enforcement. Video posted on the social platform X shows a handcuffed Mangione arriving at the Blair County Courthouse in Hollidaysburg, Pennsylvania. For example, it took about 10 months to extradite a man charged with stabbing two workers at the Museum of Modern Art in 2022. The suspect, Gary Cabana, was also arrested in Pennsylvania, where he was charged with setting his Philadelphia hotel room on fire. Cabana was sent back to New York after he pleaded guilty to an arson charge in Pennsylvania. Manhattan prosecutors could seek to expedite the process by indicting Mangione for Thompson’s killing while he’s still in custody of Pennsylvania authorities. They could then obtain what’s known as a supreme court warrant or fugitive warrant to get him back to New York. Freddie Leatherbury hasn’t spoken to Mangione since they graduated in 2016 from Gilman School in Maryland. He said Mangione was a smart, friendly and athletic student who came from a wealthy family, even by the private school’s standards. “Quite honestly, he had everything going for him,” Leatherbury said. Leatherbury said he was stunned when a friend shared the news of their former classmate’s arrest. “He does not seem like the kind of guy to do this based on everything I’d known about him in high school,” Leatherbury said. One of his cousins is Republican Maryland state legislator Nino Mangione, a spokesperson for the delegate’s office confirmed Monday. Luigi Mangione is one of 37 grandchildren of Nick Mangione Sr., according to a 2008 obituary. Mangione Sr. grew up poor in Baltimore’s Little Italy and rose after his World War II naval service to become a millionaire real estate developer and philanthropist, according to a 1995 profile by the Baltimore Sun. He and his wife Mary Cuba Mangione, who died in 2023, directed their philanthropy through the Mangione Family Foundation, according to a statement from Loyola University commemorating her death. They donated to a variety of causes, ranging from Catholic organizations to higher education to the arts. A man who answered the door to the office of the Mangione Family Foundation declined to comment Monday evening. Mangione Sr. was known for Turf Valley Resort, a sprawling luxury retreat and conference center outside Baltimore that he purchased in 1978. The father of 10 children, Nick Mangione Sr. prepared his five sons — including Luigi Mangione’s father, Louis Mangione — to help manage the family business, according to a 2003 Washington Post report. The Mangione family also purchased Hayfields Country Club north of Baltimore in 1986. On Monday afternoon, Baltimore County police officers had blocked off an entrance to the property, which public records link to Luigi Mangione’s parents. A swarm of reporters and photographers gathered outside the entrance. “Our hope is that today’s apprehension brings some relief to Brian’s family, friends, colleagues and the many others affected by this unspeakable tragedy,” a spokesperson for UnitedHealth Group said Monday. “We thank law enforcement and will continue to work with them on this investigation. We ask that everyone respect the family’s privacy as they mourn.” In an email to parents and alumni, Gilman headmaster Henry P.A. Smyth said it “recently” learned that Mangione, a 2016 graduate, was arrested in the CEO’s killing. “We do not have any information other than what is being reported in the news,” Smyth wrote. “This is deeply distressing news on top of an already awful situation. Our hearts go out to everyone affected.” Mangione, a high school valedictorian from a Maryland prep school, earned undergraduate and graduate degrees in computer science in 2020 from the University of Pennsylvania, a spokesman told The Associated Press on Monday. He had learned to code in high school and helped start a club at Penn for people interested in gaming and game design, according to a 2018 story in Penn Today, a campus publication. His posts also suggest that he belonged to the fraternity Phi Kappa Psi. They also show him taking part in a 2019 program at Stanford University, and in photos with family and friends in Hawaii, San Diego, Puerto Rico, the New Jersey shore and other destinations. Police said the suspect arrested Monday had a ghost gun , a type of weapon that can be assembled at home from parts without a serial number, making them difficult to trace. The critical component in building an untraceable gun is what’s known as the lower receiver. Some are sold in do-it-yourself kits and the receivers are typically made from metal or polymer. Altoona police say officers were dispatched to a McDonald’s on Monday morning in response to reports of a male matching the description of the man wanted in connection with the United Healthcare CEO’s killing in New York City. In a news release, police say officers made contact with the man, who was then arrested on unrelated charges. The Altoona Police Department says it’s cooperating with local, state, and federal agencies. “This just happened this morning. We’ll be working, backtracking his steps from New York to Altoona, Pennsylvania,” Kenny said. “And at some point we’ll work out through extradition to bring him back to New York to face charges here, working with the Manhattan district attorney’s office,” NYPD Chief of Detectives Joseph Kenny said. “As of right now, the information we’re getting from Altoona is that the gun appears to be a ghost gun that may have been made on a 3D printer, capable of firing a 9 mm round,” NYPD Chief of Detectives Joseph Kenny said at a news briefing. The document suggested the suspect had “ill will toward corporate America,” police added. Mangione, 26, was born and raised in Maryland, has ties to San Francisco, and his last known address in Honolulu, Chief of Detectives Joseph Kenny said at a news briefing. Police have arrested a 26-year-old with a weapon “consistent with” the gun used in the killing of UnitedHealthcare CEO Brian Thompson , New York City’s police commissioner says. Thompson , 50, died in a dawn ambush Wednesday as he walked to the company’s annual investor conference at Manhattan hotel. Thompson had traveled from Minnesota for the event. A man being questioned Monday in the killing of UnitedHealthcare CEO Brian Thompson had writings that appeared to be critical of the health insurance industry, a law enforcement official told The Associated Press. The man also had a gun thought to be similar to the one used in the killing, the official said. Police apprehended the man after receiving a tip that he had been spotted at a McDonald’s near Altoona, Pennsylvania, about 233 miles (375 kilometers) west of New York City, said the official, who wasn’t authorized to discuss details of the investigation and spoke to the AP on condition of anonymity. Along with the gun, police found a silencer and fake IDs, according to the official. — Michael R. Sisak That’s also according to the law enforcement official. — Michael R. Sisak That’s according to a law enforcement official. — Michael R. Sisak New York City Mayor Eric Adams is expected to address this development at a previously scheduled afternoon news briefing in Manhattan. While still looking to identify the suspect, the FBI has offered a $50,000 reward for information leading to his arrest and conviction. That’s on top of a $10,000 reward offered by the NYPD. That included footage of the attack, as well as images of someone at a Starbucks beforehand. Photos taken in the lobby of a hostel on Manhattan’s Upper West Side showed the person grinning after removing his mask, police said. NYPD dogs and divers returned to New York’s Central Park today while the dragnet for Thompson’s killer stretched into a sixth day. Investigators have been combing the park since the Wednesday shooting and searching at least one of its ponds for three days, looking for evidence that may have been thrown into it. Police say the shooter used a 9 mm pistol that resembled the guns farmers use to put down animals without causing a loud noise. Police said they had not yet found the gun itself. Ammunition found near Thompson’s body bore the words “delay,” “deny” and “depose,” mimicking a phrase used by insurance industry critics . A man with a gun thought to be similar to the one used in the killing of UnitedHealthcare CEO Brian Thompson was taken into police custody Monday for questioning in Pennsylvania, a law enforcement official told The Associated Press. The man is being held in the area of Altoona, Pennsylvania, about 233 miles (375 kilometers) west of New York City, the official said. The official was not authorized to discuss details of the ongoing investigation and spoke to the AP on condition of anonymity. The development came as dogs and divers returned Monday to New York’s Central Park while the dragnet for Thompson’s killer stretched into a sixth day. — Michael R. Sisak
Is Jessica Simpson and Eric Johnson's marriage over? She is reportedly taking divorce tops from Kim KardashianCapital One Financial Corp. stock outperforms competitors on strong trading day
Tulsi Gabbard, Trump’s pick for intel chief, faces questions on Capitol Hill amid Syria falloutMetairie, La, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Mutual Savings and Loan Association (the "Association”) announced today that Magnolia Bancorp, Inc. (the "Company”), a newly formed Louisiana corporation which will be the holding company for the Association, has commenced its stock offering in connection with the conversion of the Association from the mutual to the stock form of organization. The Association also announced that the registration statement for the sale of the Company's common stock has been declared effective by the U.S. Securities and Exchange Commission (the "SEC”) and that the approvals required to commence the offering have been received, including the approvals of the Office of the Comptroller of the Currency (the "OCC”) and the Board of Governors of the Federal Reserve System (the "FRB”). The Company is offering for sale up to 833,750 shares of its common stock at a purchase price of $10.00 per share, although the Company may sell up to 958,813 shares of common stock because of demand for the shares or changes in market conditions, without resoliciting investors. The Company's common stock is expected to be quoted on the OTCQB Market. The shares are first being offered in a subscription offering, in priority order, to depositors of the Association with qualifying deposits at the close of business on December 31, 2022, to the Company's tax-qualified Employee Stock Ownership Plan, to depositors of the Association with qualifying deposits at the close of business on September 30, 2024, and finally to depositors of the Association at the close of business on October 31, 2024. The Company began mailing the subscription materials on November 18, 2024. Any shares of common stock remaining after the subscription offering will be offered for sale to members of the general public in a concurrent community offering, with a preference given first to residents in Jefferson, St. Tammany, Lafourche, Orleans, Plaquemines, St. Charles, St. John the Baptist, Tangipahoa and Washington Parishes, Louisiana. The subscription and community offerings are scheduled to expire at 1:00 p.m., Central Time, on December 17, 2024, subject to extension. The subscription and community offerings are being managed by Keefe, Bruyette & Woods. All questions concerning the offering or requests for offering materials should be directed to the Stock Information Center at 1-877-643-8217. The Stock Information Center is open Monday through Friday between 9:00 a.m. and 3:00 p.m., Central Time. The Stock Information Center will be closed on weekends and bank holidays. Completion of the stock offering is contingent upon the Company selling at least 616,250 shares of common stock and is subject to the receipt of final regulatory approvals for the conversion and stock offering, the affirmative vote of the depositors of the Association approving the conversion and other customary closing conditions. This press release is neither an offer to sell nor an offer to buy shares of common stock of the Company. The offer is made only by the Company's prospectus when accompanied by a stock order form. The Company has filed with the SEC a registration statement for the offering to which this press release relates as well as the final prospectus, dated November 8, 2024, for the subscription and community offering. Before you invest, you should read that prospectus and other documents the Company has filed with the SEC for more complete information about the Company and the stock offering. You may obtain these documents for free by visiting EDGAR on the SEC web site at www.sec.gov . The shares of common stock of the Company are not deposits or savings accounts and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. About Mutual Savings and Loan Association The Association was founded in 1885 and serves the banking needs of customers in its market area, which primarily consists of Jefferson and St. Tammany Parishes in Louisiana. The Association operates from its headquarters and main banking office in Metairie, Louisiana, as well as one additional full service branch office located in St. Tammany Parish on the north shore of Lake Pontchartrain in Mandeville, Louisiana. Its primary business activity is attracting deposits from the general public and using those funds primarily to originate one- to four-family residential loans, residential construction loans and home equity lines of credit. At June 30, 2024, the Association had total assets of $35.5 million, total deposits of $20.0 million and equity of $14.0 million. Magnolia Bancorp, Inc. will become the holding company for the Association upon completion of the conversion and stock offering. Forward-Looking Statements This press release and the Company's prospectus for the offering contain forward-looking statements, which can be identified by the use of words such as "estimate,” "project,” "believe,” "intend,” "anticipate,” "plan,” "seek,” "expect,” "will,” "would,” "should,” "could” or "may,” and words of similar meaning. These forward-looking statements include statements of the Company's goals, intentions and expectations; statements regarding the Company's business plans, prospects, growth and operating strategies; statements regarding the quality of the Company's loan portfolio; and estimates of the Company's risks and future costs and benefits. These forward-looking statements are based on current beliefs and expectations of the Company's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company's control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to: the failure to obtain the final approval of the OCC for the proposed conversion and related stock offering, delays in obtaining such approval, or adverse conditions imposed in connection with such approval; failure to obtain depositor approval of the conversion; those related to the real estate and economic environment, particularly in the market areas in which the Association operates; fiscal and monetary policies of the U.S. Government; changes in government regulations affecting financial institutions, including regulatory compliance costs and capital requirements; fluctuations in the adequacy of loan loss reserves; decreases in deposit levels necessitating increased borrowing to fund loans; operational risks including, but not limited to, cybersecurity, fraud and natural disasters; the risk that the Company and the Association may not be successful in the implementation of their business strategy; changes in prevailing interest rates; credit risk management; asset-liability management; and other risks described in the Company's filings with the Securities and Exchange Commission, which are available at the SEC's website, www.sec.gov . The Company cautions prospective investors not to place undue reliance on any such forward looking statements, which speak only as of the date made. The Company disclaims any obligation to publicly release any revision made to any forward-looking statement to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. CONTACT: Michael L. Hurley President and Chief Executive Officer (504) 455-2444
Appetizers like cheese platters and quick dips, side dishes like roasted carrots or mashed potatoes , and desserts like cookies or brownies can be quick options to prepare in a pinch–but you’ll still need the ingredients. Luckily, some stores are open on Christmas, so you can make a quick run for those last-minute items. If shopping at bulk retailers is your go-to, however, you might be wondering: Is Sam’s Club open on Christmas? Is Sam’s Club Open on Christmas Day? Unfortunately, Sam’s Club will be closed on Christmas Day. This closure allows employees to enjoy the holiday with their families, so if you’re planning to shop there, make sure to get what you need ahead of time. Is Sam’s Club Open on Christmas Eve? While the popular warehouse will—without a doubt—be closed on Christmas Day, Sam’s Club will be open on Christmas Eve. For those who need to stop by on Christmas Eve, though, you’ll want to get in early as the website notes that locations will only be open until 6 p.m. local time. This, however, still gives shoppers a chance to grab bulk groceries, last-minute gifts or kitchen essentials to prepare for holiday celebrations. If you’re unsure what you’ll need for unexpected guests or meal prep, stock up on a few items for quick appetizers or desserts to stay prepared.NoneKendrick Lamar surprises with new album 'GNX' LOS ANGELES (AP) — Kendrick Lamar gave music listeners an early holiday present with a new album. The Grammy winner released his sixth studio album “GNX” on Friday. The 12-track project is the rapper’s first release since 2022’s “Mr. Morale & The Big Steppers.” Lamar’s new album comes just months after his rap battle with Drake. The rap megastar will headline February's Apple Music Super Bowl Halftime Show in New Orleans. The 37-year-old has experienced massive success since his debut album “good kid, m.A.A.d city” in 2012. Since then, he’s accumulated 17 Grammy wins and became the first non-classical, non-jazz musician to win a Pulitzer Prize. Ancient meets modern as a new subway in Greece showcases archaeological treasures THESSALONIKI, Greece (AP) — Thessaloniki, Greece’s second-largest city, is opening a new subway system, blending ancient archaeological treasures with modern transit technology like driverless trains and platform screen doors. The project, which began in 2003, uncovered over 300,000 artifacts, including a Roman-era thoroughfare and Byzantine relics, many of which are now displayed in its 13 stations. Despite delays caused by preserving these findings, the inaugural line has been completed, with a second line set to open next year. Conor McGregor must pay woman $250K in sexual assault case, civil jury rules LONDON (AP) — A civil jury in Ireland has found that mixed martial arts fighter Conor McGregor sexually assaulted a woman in a hotel penthouse after a night of heavy partying. The Dublin jury awarded the woman more than $250,000 for her lawsuit that claimed McGregor “brutally raped and battered” her on Dec. 9, 2018. The lawsuit says the assault left her heavily bruised and suffering from post-traumatic stress disorder. McGregor testified he never forced her to do anything and that the woman had fabricated her allegations after the two had consensual sex. The jury found for the woman on Friday. At least 15 people are sick in Minnesota from ground beef tied to E. coli recall U.S. health officials say at least 15 people in Minnesota have been sickened by E. coli poisoning tied to a national recall of more than 160,000 pounds of potentially tainted ground beef. Detroit-based Wolverine Packing Co. recalled the meat this week after Minnesota state agriculture officials reported multiple illnesses and found that a sample of the product tested positive for E. coli O157:H7, which can cause life-threatening infections. Symptoms of E. coli poisoning include fever, vomiting, diarrhea and signs of dehydration. Actor Jonathan Majors’ ex-girlfriend drops assault and defamation lawsuit against once-rising star NEW YORK (AP) — Jonathan Majors’ ex-girlfriend has dropped her assault and defamation lawsuit against the once-rising Hollywood star after reaching a settlement. Lawyers for Majors and Grace Jabbari agreed to dismiss the case with prejudice Thursday. Jabbari is a British dancer who had accused Majors of subjecting her to escalating incidents of physical and verbal abuse during their relationship. Representatives for Majors didn’t respond to emails seeking comment Friday. Jabbari’s lawyer said the suit was “favorably settled” and her client is moving on with “her head held high.” Majors was convicted of misdemeanor assault and harassment last December and sentenced to a yearlong counseling program. Hyundai, Kia recall over 208,000 electric vehicles to fix problem that can cause loss of power DETROIT (AP) — Hyundai and Kia are recalling over 208,000 electric vehicles to fix a pesky problem that can cause loss of drive power, increasing the risk of a crash. The recalls cover more than 145,000 Hyundai and Genesis vehicles including the 2022 through 2024 Ioniq 5, the 2023 through 2025 Ioniq 6, GV60 and GV70, and the 2023 and 2024 G80. Also included are nearly 63,000 Kia EV 6 vehicles from 2022 through 2024. The affiliated Korean automakers say in government documents that a transistor in a charging control unit can be damaged and stop charging the 12-volt battery. Dealers will inspect and replace the control unit and a fuse if needed. They also will update software. Christmas TV movies are in their Taylor Swift era, with two Swift-inspired films airing this year Two of the new holiday movies coming to TV this season have a Taylor Swift connection that her fans would have no problem decoding. “Christmas in the Spotlight” debuts Saturday on Lifetime. It stars Jessica Lord as the world’s biggest pop star and Laith Wallschleger, playing a pro football player, who meet and fall in love, not unlike Swift and her boyfriend, Kansas City Chiefs tight end Travis Kelce. On Nov. 30, Hallmark will air “Holiday Touchdown: A Chiefs Love Story.” Instead of a nod to Swift, it’s an ode to family traditions and bonding, like rooting for a sports team. Hallmark’s headquarters is also in Kansas City. Top football recruit Bryce Underwood changes commitment to Michigan instead of LSU, AP source says ANN ARBOR, Mich. (AP) — Top football recruit Bryce Underwood has flipped to Michigan after pledging to play at LSU. That's according to a person familiar with the situation who spoke to The Associated Press on condition of anonymity because they were not authorized to share the recruit’s plans to join the Wolverines. Underwood pinned a post on his Instagram account, showing a post in which On3.com reported that he has committed to Michigan. The 6-foot-3 quarterback played at Belleville High School about 15 miles east of Michigan's campus, and told LSU nearly a year ago he intended to enroll there. Emperor penguin released at sea 20 days after waddling onto Australian beach MELBOURNE, Australia (AP) — The only emperor penguin known to have swum from Antarctica to Australia has been released at sea 20 days after he waddled ashore on a popular tourist beach. The adult male was found on Nov. 1 on sand dunes in temperate southwest Australia about 2,200 miles north of the Antarctic coast. He was released Wednesday from a boat that traveled several hours from Western Australia state's most southerly city of Albany. His caregiver Carol Biddulph wasn't sure at first if the penguin would live. She said a mirror was important to his rehabilitation because they provide a sense of company. Biddulph said: “They’re social birds and he stands next to the mirror most of the time.” Shohei Ohtani wins third MVP award, first in NL. Aaron Judge earns second AL honor in 3 seasons NEW YORK (AP) — Shohei Ohtani won his third Most Valuable Player Award and first in the National League, and Aaron Judge earned his second American League honor on Thursday. Ohtani was a unanimous MVP for the third time, receiving all 30 first-place votes and 420 points in voting by the Baseball Writers’ Association of America. New York Mets shortstop Francisco Lindor was second with 263 points and Arizona second baseman Ketel Marte third with 229. Judge was a unanimous pick for the first time. Kansas City shortstop Bobby Witt Jr. got all 30 second-place votes for 270 points, and Yankees outfielder Juan Soto was third with 21 third-place votes and 229 points.Baylor 73, Villanova 62
Formula 1 on Monday at last said it will expand its grid in 2026 to make room for an American team that is partnered with General Motors. “As the pinnacle of motorsports, F1 demands boundary-pushing innovation and excellence. It’s an honor for General Motors and Cadillac to join the world’s premier racing series, and we’re committed to competing with passion and integrity to elevate the sport for race fans around the world,” GM President Mark Reuss said. “This is a global stage for us to demonstrate GM’s engineering expertise and technology leadership at an entirely new level.” The approval ends years of wrangling that launched a U.S. Justice Department investigation into why Colorado-based Liberty Media, the commercial rights holder of F1, would not approve the team initially started by Michael Andretti. Andretti in September stepped aside from leading his namesake organization, so the 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season. Towriss is the the CEO and president of Group 1001 and entered motorsports via Andretti’s IndyCar team when he signed on financial savings platform Gainbridge as a sponsor. Towriss is now a major part of the motorsports scene with ownership stakes in both Spire Motorsports’ NASCAR team and Wayne Taylor Racing’s sports car team. Walter is the chief executive of financial services firm Guggenheim Partners and the controlling owner of both the World Series champion Los Angeles Dodgers and Premier League club Chelsea. “We’re excited to partner with General Motors in bringing a dynamic presence to Formula 1,” Towriss said. “Together, we’re assembling a world-class team that will embody American innovation and deliver unforgettable moments to race fans around the world.” Mario Andretti, the 1978 F1 world champion, will have an ambassador role with Cadillac F1. But his son, Michael, will have no official position with the organization now that he has scaled back his involvement with Andretti Global. “The Cadillac F1 Team is made up of a strong group of people that have worked tirelessly to build an American works team,” Michael Andretti posted on social media. “I’m very proud of the hard work they have put in and congratulate all involved on this momentous next step. I will be cheering for you!” The approval has been in works for weeks but was held until after last weekend’s Las Vegas Grand Prix to not overshadow the showcase event of the Liberty Media portfolio. Max Verstappen won his fourth consecutive championship in Saturday night’s race, the third and final stop in the United States for the top motorsports series in the world. Grid expansion in F1 is both infrequent and often unsuccessful. Four teams were granted entries in 2010 that should have pushed the grid to 13 teams and 26 cars for the first time since 1995. One team never made it to the grid and the other three had vanished by 2017. There is only one American team on the current F1 grid — owned by California businessman Gene Haas — but it is not particularly competitive and does not field American drivers. Andretti’s dream was to field a truly American team with American drivers. The fight to add this team has been going on for three-plus years and F1 initially denied the application despite approval from F1 sanctioning body FIA. The existing 10 teams, who have no voice in the matter, also largely opposed expansion because of the dilution in prize money and the billions of dollars they’ve already invested in the series. Andretti in 2020 tried and failed to buy the existing Sauber team. From there, he applied for grid expansion and partnered with GM, the top-selling manufacturer in the United States. The inclusion of GM was championed by the FIA and president Mohammed Ben Sulayem, who said Michael Andretti’s application was the only one of seven applicants to meet all required criteria to expand F1’s current grid. “General Motors is a huge global brand and powerhouse in the OEM world and is working with impressive partners,” Ben Sulayem said Monday. “I am fully supportive of the efforts made by the FIA, Formula 1, GM and the team to maintain dialogue and work towards this outcome of an agreement in principle to progress this application.” Despite the FIA’s acceptance of Andretti and General Motors from the start, F1 wasn’t interested in Andretti — but did want GM. At one point, F1 asked GM to find another team to partner with besides Andretti. GM refused and F1 said it would revisit the Andretti application if and when Cadillac had an engine ready to compete. “Formula 1 has maintained a dialogue with General Motors, and its partners at TWG Global, regarding the viability of an entry following the commercial assessment and decision made by Formula 1 in January 2024,” F1 said in a statement. “Over the course of this year, they have achieved operational milestones and made clear their commitment to brand the 11th team GM/Cadillac, and that GM will enter as an engine supplier at a later time. Formula 1 is therefore pleased to move forward with this application process.” Yet another major shift in the debate over grid expansion occurred earlier this month with the announced resignation of Liberty Media CEO Greg Maffei, who was largely believed to be one of the biggest opponents of the Andretti entry. “With Formula 1’s continued growth plans in the US, we have always believed that welcoming an impressive US brand like GM/Cadillac to the grid and GM as a future power unit supplier could bring additional value and interest to the sport,” Maffei said. “We credit the leadership of General Motors and their partners with significant progress in their readiness to enter Formula 1.” ___ AP auto racing: https://apnews.com/hub/auto-racing Lawyers for a voting machine company that’s suing Fox News Egg prices are rising once more as a lingering outbreak Federal authorities have released an update on the investigation into Formula 1 on Monday at last said it will expand
NoneTrump vows to pursue executions after Biden commutes most of federal death rowNEW YORK (AP) — More shoppers than ever are on track to use ‘buy now, pay later’ plans this holiday season, as the ability to spread out payments looks attractive at a time when Americans still feel the lingering effect of inflation and already have record-high credit card debt. The data firm Adobe Analytics predicts shoppers will spend 11.4% more this holiday season using buy now, pay later than they did a year ago. The company forecasts shoppers will purchase $18.5 billion worth of goods using the third-party services for the period Nov. 1 to Dec. 31, with $993 million worth of purchases on Cyber Monday alone. Buy now, pay later can be particularly appealing to consumers who have low credit scores or no credit history, such as younger shoppers, because most of the companies providing the service run only soft credit checks and don’t report the loans and payment histories to the credit bureaus, unlike credit card companies. This holiday season, buy now, pay later users can also feel more confident if a transaction goes awry. In May, the CFPB said buy now, pay later company must adhere to other regulations that govern traditional credit, such as providing ways to demand refunds and dispute transactions. To use a buy now, pay later plan, consumers typically sign up with bank account information or a debit or credit card, and agree to pay for purchases in monthly installments, typically over eight weeks or more. The loans are marketed as requiring no or low interest, or only conditional fees, such as for late payment. Klarna, Afterpay and Affirm are three of the biggest buy now, pay later companies. But consumer advocates warn that shoppers who sign up for the payment plans using a credit card can be hit with more interest and fees. That's because individuals open themselves up to interest on the credit card payment, if it's carried month to month, on top of any late fees, interest, or penalties from the buy now, pay later loan itself. Experts advise against using a credit card to pay for these plans for this reason. Consumer watchdogs also say the plans lead consumers to overextend themselves because, for example, not paying full price up front leaves, in the shopper’s mind at least, more money for smaller purchases . They also caution consumers to keep careful track of using multiple buy now, pay later services, as the automatic payments can add up, and there is no central reporting, such as with a credit card statement. “Buy now, pay later can be an innovative tool for purchases you’re going to make anyway,” said Mark Elliott, chief customer officer at financial services company LendingClub. “The challenge is that it does fuel overspending.” For merchants, that’s part of the appeal. Retailers have found that customers are more likely to have bigger cart sizes or to convert from browsing to checking out when buy now, pay later is offered. One report from the Federal Reserve Bank of New York cited research that found customers spend 20% more when buy now, pay later is available. “The reality is that the increased cost-of-living and inflation have put more people in a situation where they’re already relying on revolving credit,” Elliott said. “The psychographics of ‘buy now, pay later’ may be different — people don’t think of it as debt — but it is.” If a consumer misses a payment, they can face fees, interest, or the possibility of being locked out of using the services in the future. Emily Childers, consumer financial expert for personal-finance technology company Credit Karma, said that internal data shows member credit card balances are up more than 50% for Gen Z and millennial members since March 2022, when the Fed started raising interest rates. “Young people are entering this holiday season already in the red,” she said. “And, based on what we’re seeing in the data, they’re continuing to bury their heads in the sand and spend.” The Associated Press receives support from Charles Schwab Foundation for educational and explanatory reporting to improve financial literacy. The independent foundation is separate from Charles Schwab and Co. Inc. The AP is solely responsible for its journalism.
Charter Communications Inc. Cl A stock underperforms Friday when compared to competitors
Fyodor Lukyanov: How likely is a nuclear exchange over Ukraine?US stocks mostly rose Friday after a report showed a healthy jobs market, and Paris rallied as President Emmanuel Macron vowed to serve out his full term and end France's political crisis. Oil fell on concerns of oversupply and Bitcoin held at a level over $100,000 after hitting records Thursday. The world's biggest economy gained 227,000 jobs in November, more than analysts expected and up from a revised 36,000 in October, said the US Department of Labor. "The US jobs market has emphatically rebounded following October's disappointing data," said Neal Keane, head of global sales trading at ADSS. October's figures had been depressed by hurricanes and workers' strikes, while November's increases may have been exaggerated by the end of a strike at Boeing in particular -- and by retail hiring ahead of the holiday season. US stocks mostly closed higher, with the broad-based S&P 500 and tech-focused Nasdaq both hitting fresh records, although the Dow retreated slightly. Investors are mostly betting that November's jobs numbers, while comforting, are probably not strong enough to deter the Federal Reserve from cutting interest rates again this month. "Investors needed a reassuring jobs report and that's exactly what they got," said eToro analyst Bret Kenwell. "The market still favors a rate cut from the Fed later this month and this report may not change that expectation." The Paris stock market closed up 1.3 percent on "hope that President Emmanuel Macron will serve out his term and that a (French) budget can be passed in the coming weeks," noted Derren Nathan, head of equity research at Hargreaves Lansdown. Macron on Friday was holding talks with French political leaders on the left and right as he seeks to quickly name a new prime minister after Michel Barnier's government was ousted in a historic no-confidence vote. Macron adopted a defiant tone in an address to the nation Thursday evening, just 24 hours after parliament voted out Barnier over his 2025 budget plan, which included unpopular austerity measures forced through without a vote using special powers. The luxury sector benefitted also from hopes of a pickup in Chinese demand. Gucci owner Kering topped the Paris CAC 40 as its shares gained more than six percent, while LVMH rose more than three percent. French video game company Ubisoft jumped 13 percent on takeover speculation. Frankfurt closed slightly higher, other continental markets were mixed, and London slid. In Asia, shares in Seoul sank more than one percent and the won weakened to about 1,420 per dollar as lawmakers prepared to hold an impeachment vote Saturday after President Yoon Suk Yeol's dramatic, short-lived imposition of martial law this week. While analysts said the economic fallout from the crisis would likely be limited, a political storm is ongoing. Hong Kong and Shanghai rallied as investors grew hopeful of fresh stimulus when top Chinese leaders including President Xi Jinping meet to discuss economic policy next week. Bitcoin hovered above $100,000 after having blasted to the historic peak of $103,800 Thursday on news that US President-elect Donald Trump had picked crypto proponent Paul Atkins to head the nation's markets regulator. New York - Dow: DOWN 0.3 percent at 44,642.52 points (close) New York - S&P 500: UP 0.3 percent at 6,090.27 (close) New York - Nasdaq Composite: UP 0.8 percent at 19,859.77 (close) Paris - CAC 40: UP 1.3 percent at 7,426.88 (close) Frankfurt - DAX: UP 0.1 percent at 20,384.61 (close) London - FTSE 100: DOWN 0.5 percent at 8,308.61 (close) Tokyo - Nikkei 225: DOWN 0.8 percent at 39,091.17 (close) Hong Kong - Hang Seng Index: UP 1.6 percent at 19,865.85 (close) Shanghai - Composite: UP 1.1 percent at 3,404.08 (close) Euro/dollar: DOWN at $1.0566 from $1.0591 on Thursday Pound/dollar: DOWN at $1.2740 from $1.2760 Dollar/yen: DOWN at 149.97 yen from 150.09 yen Euro/pound: DOWN at 82.93 from 82.97 pence West Texas Intermediate: DOWN 1.6 percent at $67.20 per barrel Brent North Sea Crude: DOWN 1.4 percent at $71.12 per barrel gv/rl/bys/ahaTrump vows to pursue executions after Biden commutes most of federal death rowSaturday, December 7, 2024 Facebook Instagram Twitter WhatsApp Youtube Personal Finance Education Entertainment Jobs Alert Sports Hindi Technology Complaint Redressal. Fact-Checking Policy Correction policy Authors and Team DNPA Code of Ethics Onwership and Funding Cookie Policy Terms of Service Disclaimer Contact US About Us More Search Home Technology Mobile Number Port: Port SIM from Jio-Airtel to BSNL sitting at home,... Technology Mobile Number Port: Port SIM from Jio-Airtel to BSNL sitting at home, this is the easiest way By Shyamu Maurya December 7, 2024 0 7 Share Facebook Twitter Pinterest WhatsApp Telegram Mobile Number Port: Port SIM from Jio-Airtel to BSNL sitting at home, this is the easiest way BSNL is currently the company offering the cheapest recharge plans in the telecom sector. To get relief from expensive recharge plans, millions of Jio and Airtel customers have joined BSNL. If you want to port your SIM card to BSNL, then let us tell you the complete process. Mobile Number Port: After a few years of relief, recharge plans have become expensive once again. Jio had brought a big change in the telecom sector with cheap plans, but now the company’s expensive plans have become a big tension for the users. Jio had increased the prices of recharge plans drastically in July, after which users started looking for cheap and long validity plans. BSNL is the only option left for crores of mobile users for cheap plans at this time. BSNL has benefited a lot since Jio, Airtel and Vi made the plans expensive. More than 55 lakh new customers have joined BSNL since this decision of private companies. The government company itself gave this information by posting on its social media account X. To get rid of expensive plans, users are constantly porting their numbers to BSNL. BSNL has plans with long validity BSNL has a lot of plans with one month as well as long validity. The special thing is that BSNL’s 28 day plans are cheap and along with that, 150 days, 180 days, 200 days as well as 365 days and 395 days plans also come at very affordable prices. If you are tired of taking expensive plans and want to port to BSNL, then today we are going to tell you its complete process step by step. How to port number from Jio-Airtel to BSNL If you are a Jio or Airtel user and want to port number to BSNL, then first you have to apply request by sending SMS to 1900. For request, you have to write PORT in big letters in these boxes. After this, write the mobile number after giving space. Keep in mind that if you live in Jammu and Kashmir, then you have to call 1900 to port to BSNL. Now a unique code will be sent to your mobile number. Keep in mind that this code will be active for 15 days. Now you have to go to BSNL office with that unique code. Here you have to go with your Aadhar card. Along with this, other information will be asked. After giving personal details, the officer will give you a new SIM of BSNL. Keep in mind that for this you may have to pay some money as fee. Along with the new SIM card of BSNL, you will also be given a unique number. With its help, you will be able to activate your BSNL number. Let us tell you that you can get a waiting period of up to 7 days to shift from one number to another. Join Informal Newz Tags Mobile Number Port Share Facebook Twitter Pinterest WhatsApp Telegram Previous article Disha Patani wore a deepneck transparent dress, fans said ‘Hi Garmi’ after seeing the photo Shyamu Maurya Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com RELATED ARTICLES Personal Finance Disha Patani wore a deepneck transparent dress, fans said ‘Hi Garmi’ after seeing the photo December 7, 2024 Personal Finance CBSE Board News: Big news for class 10th students! Preparations to bring dual syllabus for science and social science December 6, 2024 Personal Finance Metro Liquor Rules: Passengers will be able to travel with liquor in the metro, know the limit of bottles December 6, 2024 - Advertisment - Most Popular Disha Patani wore a deepneck transparent dress, fans said ‘Hi Garmi’ after seeing the photo December 7, 2024 CBSE Board News: Big news for class 10th students! Preparations to bring dual syllabus for science and social science December 6, 2024 Metro Liquor Rules: Passengers will be able to travel with liquor in the metro, know the limit of bottles December 6, 2024 School Holidays 2024: Schools will remain closed for this many days during Christmas and winter holidays December 6, 2024 Load more Recent Comments Gul Mohiudin on Kavita sister-in-law wore a sari without a blouse, seeing the pictures you will also be... Venkatesh on Urfi Javed crossed all limits, wore a front open hoodie top without inner, see photos and videos Gul Mohiudin on Malaika Arora came out in a backless strappy dress late at night, someone had to handle the gown and someone held her hand Gul Mohiudin on Priyanka Chopra reached award function without bra, shame had to be saved repeatedly in open jacket Venkatesh on Disha Patani shared a bo*ld picture while taking a bath, seeing Tiger Shroff’s heart beat will increase EDITOR PICKS Disha Patani wore a deepneck transparent dress, fans said ‘Hi Garmi’ after seeing the photo December 7, 2024 CBSE Board News: Big news for class 10th students! Preparations to bring dual syllabus for science and social science December 6, 2024 Metro Liquor Rules: Passengers will be able to travel with liquor in the metro, know the limit of bottles December 6, 2024 POPULAR POSTS Disha Patani wore a deepneck transparent dress, fans said ‘Hi Garmi’ after seeing the photo December 7, 2024 CBSE Board News: Big news for class 10th students! Preparations to bring dual syllabus for science and social science December 6, 2024 Metro Liquor Rules: Passengers will be able to travel with liquor in the metro, know the limit of bottles December 6, 2024 POPULAR CATEGORY Personal Finance 17837 Entertainment 17061 India 4456 News 3785 Technology 2237 Jobs Alert 787 Travel 652 Education 451 ABOUT US INFORMALNEWZ brings the Latest News & Top Breaking headlines on Politics and Current Affairs. Up-to-date news coverage, aggregated from sources all over the world by informal Newz. Find latest news coverage of breaking news events, trending topics, and compelling articles. Contact us: informalnewz@gmail.com FOLLOW US Facebook Instagram Twitter WhatsApp Youtube © - 2024 - informalnewz | Izon web Pvt. Ltd. All Rights Reserved. Contact Us - Izon Web Pvt. Ltd. Hno. 789, Basement, Dlf Phase 4 Sector 43, Gurgaon, Haryana -122009, Call: +91-9110801499, 0124-4941700 Home Privacy Policy Authors and Team About Us Contact US Cookie Policy Disclaimer DNPA Code of Ethics Onwership and Funding Terms of Service Complaint Redressal. Fact-Checking Policy Correction policy हिन्दी
- Previous: panalo999 vip
- Next: panalo.999
