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RESEARCH TRIANGLE PARK, N.C. , Nov. 27, 2024 /PRNewswire/ -- Charles & Colvard, Ltd. ("Charles & Colvard" or the "Company") (Nasdaq: CTHR) today announced that on November 21, 2024 , it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it was not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires the timely filing of all required periodic reports (the "Listing Rule"), as a result of not having timely filed its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024 (the "Form 10-Q"), and because the Company remains delinquent in filing its Form 10-K for the fiscal year ended June 30, 2024 (the "Form 10-K"), with the Securities and Exchange Commission (the "SEC"). The Form 10-Q was due on November 14, 2024. The Company filed a Notification of Late Filing on Form 12b-25 with the SEC on November 15, 2024. The Notice has no immediate effect on the listing or trading of the Company's common stock on Nasdaq. Under Nasdaq rules, the Company has until December 17, 2024 , to regain compliance with the Listing Rule or to submit to Nasdaq a plan to regain compliance with the Listing Rule (the "Plan"). If Nasdaq accepts the Company's Plan, then Nasdaq may grant the Company up to 180 calendar days from the Form 10-K filing due date, or until April 14, 2025 to file its Form 10-K and Form 10-Q and regain compliance. If Nasdaq does not accept the Company's Plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel. The Company is working diligently to complete its Form 10-K and Form 10-Q and plans to file its Form 10-K and Form 10-Q as promptly as practicable to regain compliance with the Listing Rule. About Charles & Colvard, Ltd. Charles & Colvard, Ltd. (Nasdaq: CTHR) believes that fine jewelry should be as ethical as it is exquisite. Charles & Colvard is the original creator of lab grown moissanite (a rare gemstone formed from silicon carbide). The Company brings revolutionary gems and fine jewelry to market by using exclusively Made, not MinedTM above ground gemstones and a dedication to 100% recycled precious metals. The Company's Forever OneTM moissanite and Caydia ® lab grown diamond brands provide exceptional quality, incredible value and a conscious approach to bridal, high fashion, and everyday jewelry. Charles & Colvard was founded in 1995 and is based in North Carolina's Research Triangle Park region. For more information, please visit https://www.charlesandcolvard.com/ . Forward-Looking Statements This press release contains a number of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as "plan," "expect," "will," "working," and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, the expected filing of its Form 10-K and ability to regain compliance under the Nasdaq listing rule. These forward-looking statements are not guarantees of future results and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond our control. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the Securities and Exchange Commission, including the risks and uncertainties described in more detail in our filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended June 30, 2023 and subsequent reports filed with the SEC. For example, there can be no assurance that the Company will regain compliance with the Listing Rule during any compliance period or in the future, or otherwise meet Nasdaq compliance standards. Forward-looking statements speak only as of the date they are made. The Company disclaims and does not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation and you are urged to review and consider disclosures that we make in the reports that we file with the SEC that discuss other factors relevant to our business. View original content to download multimedia: https://www.prnewswire.com/news-releases/charles--colvard-ltd-receives-non-compliance-letter-from-nasdaq-302317543.html SOURCE Charles & Colvard, Ltd.
SANTA ANA, Calif., Dec. 13, 2024 (SEND2PRESS NEWSWIRE) — In a groundbreaking move for the property management and inspection industry, ( ) introduces its cutting-edge app, a pioneering digital platform designed to revolutionize the balcony inspection process. This innovative tool empowers homeowners, property managers, and Homeowner Associations (HOAs) with a streamlined, intuitive experience, eliminating inefficiencies and redefining how inspections are managed. With a user-friendly interface and advanced features, the transforms what was once a complex, time-consuming process into one that is seamless and efficient. Users can now obtain instant quotes, create and manage projects, and schedule inspections—all with just a few taps on their devices. “At DrBalcony, we are passionate about reimagining property management through technology,” said Greg, VP of Sales of DrBalcony. “The app reflects our dedication to simplifying inspections while upholding safety and compliance standards. With over 2,500 inspections completed, we’re proud to offer a solution that sets a new benchmark for convenience and reliability.” FEATURES THAT SET THE DRBALCONY APP APART The DrBalcony App is tailored to meet the specific needs of California property owners, offering features designed to ensure the integrity of balcony structures while making compliance with state laws like and more accessible than ever. Learn more: A SOLUTION BACKED BY REAL RESULTS “For years, the balcony inspection process has been frustrating and inefficient,” shared Omid, CEO of DrBalcony. “This app eliminates unnecessary complications. From instant quotes to straightforward scheduling, it’s a game-changer.” DOWNLOAD THE DRBALCONY APP TODAY The DrBalcony App is now available for download and marks a significant leap forward in property management. By addressing common pain points in the inspection process, DrBalcony ensures peace of mind for property owners, engineers, and HOAs, all while maintaining safety and compliance with California’s strict . About DrBalcony: DrBalcony leverages innovative technology to enhance balcony inspection, focusing on efficiency, safety, and customer-centric solutions. With a mission to simplify the complex, DrBalcony has become a trusted name in the balcony inspection industry, ensuring compliance and safety standards are met with ease. Learn more: . Your property’s safety has never been simpler—download the DrBalcony App today! NEWS SOURCE: DrBalcony Keywords: Real Estate, DrBalcony, Balcony Inspections, home inspection, safety, app, solution, service, SB 326, SB 721, SANTA ANA, Calif. This press release was issued on behalf of the news source (DrBalcony) who is solely responsibile for its accuracy, by . Information is believed accurate but not guaranteed. Story ID: S2P122836 APDF15TBLLI To view the original version, visit: © 2024 Send2Press® Newswire, a press release distribution service, Calif., USA.A new painting adorning the Army Chief’s lounge, where he greets visiting dignitaries, has miffed the veteran community. The new painting replaced the one showing the surrender during the 1971 Bangladesh war . Army sources said the new painting, ‘Karam Kshetra – Field of Deeds’, done by Lt. Col. Thomas Jacob of the 28 Madras regiment, portrays the Army as a “guardian of Dharma, fighting not merely as a defender of the nation but to uphold justice and protect the nation’s values”, and also captures the Army’s evolution into a “technologically advanced, integrated force”. It shows snow-capped mountains in the backdrop, with the Pangong Tso lake in Eastern Ladakh on the right, and Garuda and Krishna’s chariot on the left, along with Chanakya and modern equipment such as tanks, all-terrain vehicles, infantry vehicles, patrol boats, indigenous Light Combat Helicopters and Apache attack helicopters. “If one were to sum up, it signifies a country with a rich civilisation, one which has always believed in righteous cause, just use of force where needed, with renowned scholars, statesmen and strategists. It has a courageous, modern and capable Army which is always ready to defend its borders and interests,” Army sources said. This painting represents the Indian Army’s timeless commitment to righteousness, as drawn from the teachings of the Mahabharata, sources said. “It portrays the Army as a guardian of Dharma, fighting not merely as a defender of the nation but to uphold justice and protect the nation’s values. This inspiration is complemented by the strategic and philosophical wisdom of Chanakya, whose principles guide the Army’s approach to leadership, diplomacy, and warfare,” a source said. Of late, there has been a major effort to study ancient Indian texts and integrate India’s “ancient strategic acumen” into the contemporary military domain, and develop an “indigenous strategic vocabulary”, rooted in India’s “philosophy and culture”. Sources said the new painting reflects how the modern Indian Army is equipped with cutting-edge systems, seamless coordination across land, air, and sea, and the readiness to strike swiftly and decisively against adversaries. “At its core, the painting honours the Army’s legacy of sacrifice, discipline, and valour, while highlighting its preparedness to meet future challenges with unwavering resolve,” sources added. However, several veterans expressed concern on social media over the reason behind the move. Former Northern Army Commander Lt. Gen. H.S. Panag posted, “The photo/painting symbolising India’s first major military victory in a 1000 years and also first as a united nation, in 1971, has been removed by a hierarchy which believes that mythology, religion and distant fragmented feudal past will inspire future victories.” “We are hitting the “absolute pits” and sadly my NDA course-mates are in the frame,” said a veteran on ‘X’ referring to the iconic picture. The iconic picture from 1971 shows Lt. Gen. Niazi of Pakistan Army signing the instrument of surrender in East Pakistan in front of Indian Army’s Lt. Gen. Aurora that saw the surrender of 90,000 Pakistani soldiers and the birth of Bangladesh. “One wonders what is the aim behind removal of the iconic 1971 Dacca surrender photo,” said Air Vice Marshal Manmohan Singh (Retd.) said on ‘X’. “Dignitaries & military heads of other countries meet the Army Chief here & see the symbol of the GREATEST EVENT IN INDIA’s & Indian Army’s history. Now, this ham-handed effort - at what?,” he observed. It is not clear where the old painting was shifted to. Published - December 13, 2024 11:51 pm IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit Explaining 1971 Amid Bangladesh liberation anniversary, role of India, U.S. in 1971 in spotlight Vijay Diwas | PM Modi pays tribute to heroes of India's win over Pakistan in 1971 war Bangladesh War of Liberation is the bedrock of its ties with India, says Indian envoy Bangladesh is building memorial to honour Indian heroes of 1971 war The 1971 war | The liberation of Bangladesh, 50 years ago India is proud to have been a friend, partner in the Liberation War of Bangladesh: President Murmu defence
If it seems everyone is talking about bitcoin these days, you're onto something. The digital currency has been hitting record highs and neared $100,000 this past week, having doubled in value throughout 2024. Launched in 2009, bitcoin is the first cryptocurrency, meaning that it's a digital currency and does not rely on banks to verify transactions. Bitcoin's surge – up about 130% this year – is one of the "Trump trades," market moves that have kicked in since former President Donald Trump's victory in the Nov. 5 election. Trump has dabbled in cryptocurrency – releasing crypto-based digital trading cards – and Trump Media and Technology Group , which operates Truth Social, is reportedly close to acquiring crypto trading firm Bakkt. The Trump family launched its own crypto firm, World Liberty Financial, in September. Investors have wagered Trump's support for bitcoin and other digital assets will lead to fewer restrictions on the industry. During the presidential campaign, Trump said he would make America the “world capital for crypto and bitcoin.” Trump has tapped Tesla CEO and SpaceX founder Elon Musk to co-lead, with Vivek Ramaswamy, the new Department of Government Efficiency, or D.O.G.E. It's an acronym for cryptocurrency called Dogecoin, which Musk supported as it became a phenomenon in 2021. Been hit with the bitcoin buzz, but don't quite understand it? Here's some bitcoin basics. What is ‘Doge’?: Explaining the meme and cryptocurrency after Elon Musk's appointment to D.O.G.E. What is bitcoin? Bitcoin is a digital asset, launched in 2009 by a person or group known as Satoshi Nakamoto and designed to have a cap of 21 million bitcoin tokens. Bitcoin is created as crypto miners use their computing work to validate bitcoin transactions on its decentralized blockchain network, essentially a digital ledger meant to prevent fraud. As the crypto miners work, they earn bitcoin. So far, about 19 million tokens have been released. In April, bitcoin underwent a "halving," which kicks in about every four years to reduce the rate at which new bitcoins are created and released into circulation. As the bitcoin cap of 21 million tokens nears, demand likely increases, according to Investopedia . Currently, a bitcoin is worth about $98,000. But the ownership of fractional shares of bitcoin is common, notes NerdWallet . Cryptocurrency: Legislation likely coming under Trump administration, ex-SEC chief says What are bitcoin ETFs? It's Trump's interest in bitcoin alone that's led to bitcoin's climb. Earlier this year, the U.S. Securities and Exchange Commission voted to allow the sale of bitcoin-based exchange-traded funds , or ETFs, to the public. That action allowed more investors to get into bitcoin in a similar manner to how they invest in stocks, bypassing crypto exchanges. How does bitcoin work? Like the dollar, bitcoin can be used as currency , but it's virtual and isn't controlled by banks or governments. While an entire bitcoin is priced at nearly $100,000, you can own partial shares of each coin. The smallest share of each bitcoin is called a Satoshi – after the cryptocurrency's creator – equal to a hundred millionth of one bitcoin, according to NerdWallet . You can buy bitcoin on a crypto exchange such as Binance.US , online stockbrokers including Fidelity and E-Trade, and trading apps like Robinhood . If you buy bitcoin on a crypto exchange, you will create a "crypto wallet" to hold your bitcoin. If you invest in those bitcoin ETFs the SEC approved earlier this year, online brokers will hold your bitcoin in your brokerage account as any other investment. What can I buy with bitcoin? Pretty much anything. For instance, you can get a bitcoin debit card , which you load with a certain amount of your cryptocurrency holdings. That can be used as you would any debit card. Beyond that, many companies now accept cryptocurrency for purchases including AT&T, Microsoft, Rolex, Time Inc., and Tesla, notes Investopedia . You can buy "art," too. That banana duct-taped to a wall , which sold last week for $6.2 million? The buyer paid in crypto. Bitcoin: How to buy the cryptocurrency What concerns are there about bitcoin and cryptocurrencies? Back in 2018, investment guru Warren Buffett predicted that cryptocurrencies such as bitcoin, will likely "come to a bad ending." His stance hasn't really changed, reported Nasdaq.com . But many point to the surge in bitcoin's valuation as a sign the cryptocurrency has arrived. Anthony Scaramucci , founder of Skybridge and a former White House director of communications, has said Bitcoin could exceed $170,000 by mid-2025, and Ark Invest CEO Cathie Wood has predicted Bitcoin will hit $1.48 million by 2030, Fortune reported . However, crypto exchanges can fail. The 2022 bankruptcy of the FTX cryptocurrency exchange resulted in customers losing $8 billion; founder Sam Bankman-Fried was sentenced to 25 years in prison in March. Bitcoin values dipped after that, but have since risen to new heights – because, supporters say, as more people invest in bitcoin and other cryptocurrencies, the currencies become more stable. Volatility can be seen as an advantage for those in search of future earnings – or as a disadvantage for those seeking somewhat stable investments. "Remember that bitcoin and crypto are highly volatile , and may be more susceptible to market manipulation than securities," notes Fidelity Investments in a primer for investors. "Crypto holders do not benefit from the same regulatory protections applicable to registered securities , and the future regulatory environment for crypto is currently uncertain." Maybe think about investing in bitcoin as you would joining the wave of online bettors. "If you decide to buy Bitcoin, it's a good rule of thumb to invest only what you can afford to lose," writes NerdWallet's Kevin Voigt , "and take measures to protect your assets." Contributing: Daniel de Visé, Jessica Guynn, Max Hauptman, Jonathan Limehouse and Bailey Schulz of USA TODAY, and Reuters. Follow Mike Snider on X and Threads: @mikesnider & mikegsnider . What's everyone talking about? Sign up for our trending newsletter to get the latest news of the dayJimmy Carter, former US president and Nobel Peace Prize recipient, dead at 100
Former B.C. New Democrat member of the legislature Dan Coulter dead at 49No. 7 Tennessee extends its season-opening winning streak to 7 games in 78-35 win over UT Martin
According to the preliminary results of the State Electoral Commission (DIP), the incumbent president and candidate of the SDP party Zoran Milanovic is convincingly in the lead in the first round of the presidential election with 49.10% of the vote. The HDZ party candidate, Dragan Primorac, is in second place with 19.35%. Primorac addressed the public after the results were announced: “Dear Croatians, thank you for going to the polls and showing your responsibility and patriotism. I would especially like to thank those who placed their trust in me, but also those who did not – because you will have the opportunity to do so in the second round of voting. I know the gap may seem large at first glance , but the first round was full of noise and many candidates. It was not easy to fully present our programme with so many centre and right-wing candidates. Now we have a great opportunity: Zoran Milanovic and I will finally face each other one on one, so let’s see who stands for what,” Primorac began. “So far, Milanovic has had a team supporting him while he watched from the shadows. Now I am calling on him – starting tomorrow – to step up and speak out. Tell us what you think, what you know and what your programme is. I will convince you that my programme is much better for the future of Croatia,” he added. Primorac called the current result a challenge and thanked the other candidates for their participation in the election: “ Regardless of the first result, over 50 per cent of citizens want change and we will bring them that change. In the second round, we are starting afresh. All these voters say they want a different Croatia.” Primorac also thanked voters abroad for their support as well as Prime Minister Andrej Plenkovic and the HDZ party: “They have shown how much they believe in me and I promise that I will not disappoint them.” He concluded with about the stakes in the second round : “ 12 January is a crucial day – a day when you will decide the fate of our homeland, which can no longer tolerate division, conflict and a president who leads a political faction from the shadows. Croatia needs a change. I invite you all to listen carefully to what Milanovic and I have to offer and to judge who is the better candidate. I urge everyone to go to the polls and vote for the future of our homeland,” said Primorac.
NEW YORK (AP) — U.S. stocks tiptoed to more records amid a mixed Tuesday of trading, tacking a touch more onto what’s already been a stellar year so far. The S&P 500 edged up by 2 points, or less than 0.1%, to set an all-time high for the 55th time this year. It’s climbed in 10 of the last 11 days and is on track for one of its best years since the turn of the millennium. The Dow Jones Industrial Average slipped 76 points, or 0.2%, while the Nasdaq composite added 0.4% to its own record set a day earlier. AT&T rose 4.6% after it boosted its profit forecast for the year. It also announced a $10 billion plan to send cash to its investors by buying back its own stock, while saying it expects to authorize another $10 billion of repurchases in 2027. On the losing end of Wall Street was U.S. Steel, which fell 8%. President-elect Donald Trump reiterated on social media that he would not let Japan’s Nippon Steel take over the iconic Pennsylvania steelmaker. Nippon Steel announced plans last December to buy the Pittsburgh-based steel producer for $14.1 billion in cash, raising concerns about what the transaction could mean for unionized workers, supply chains and U.S. national security. Earlier this year, President Joe Biden also came out against the acquisition. Tesla sank 1.6% after a judge in Delaware reaffirmed a previous ruling that the electric car maker must revoke Elon Musk’s multibillion-dollar pay package. The judge denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. All told, the S&P 500 rose 2.73 points to 6,049.88. The Dow fell 76.47 to 44,705.53, and the Nasdaq composite gained 76.96 to 19,480.91. In the bond market, Treasury yields held relatively steady after a report showed U.S. employers were advertising slightly more job openings at the end of October than a month earlier. Continued strength there would raise optimism that the economy could remain out of a recession that many investors had earlier worried was inevitable. The yield on the 10-year Treasury rose to 4.23% from 4.20% from late Monday. Yields have seesawed since Election Day amid worries that Trump’s preferences for lower tax rates and bigger tariffs could spur higher inflation along with economic growth. But traders are still confident the Federal Reserve will cut its main interest rate again at its next meeting in two weeks. They’re betting on a nearly three-in-four chance of that, according to data from CME Group. Lower rates can give the economy more juice, but they can also give inflation more fuel. The key report this week that could guide the Fed’s next move will arrive on Friday. It’s the monthly jobs report , which will show how many workers U.S. employers hired and fired during November. It could be difficult to parse given how much storms and strikes distorted figures in October. Based on trading in the options market, Friday’s jobs report appears to be the biggest potential market mover until the Fed announces its next decision on interest rates Dec. 18, according to strategists at Barclays Capital. In financial markets abroad, the value of South Korea’s currency fell 1.1% against the U.S. dollar following a frenetic night where President Yoon Suk Yeol declared martial law and then later said he’d lift it after lawmakers voted to reject military rule. Stocks of Korean companies that trade in the United States also fell, including a 1.6% drop for SK Telecom. Japan’s Nikkei 225 jumped 1.9% to help lead global markets. Some analysts think Japanese stocks could end up benefiting from Trump’s threats to raise tariffs , including for goods coming from China . Trade relations between the U.S. and China took another step backward after China said it is banning exports to the U.S. of gallium, germanium, antimony and other key high-tech materials with potential military applications. The counterpunch came swiftly after the U.S. Commerce Department expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips, chipmaking tools and software. The 140 companies newly included in the so-called “entity list” are nearly all based in China. In China, stock indexes rose 1% in Hong Kong and 0.4% in Shanghai amid unconfirmed reports that Chinese leaders would meet next week to discuss planning for the coming year. Investors are hoping it may bring fresh stimulus to help spur growth in the world’s second-largest economy. In France, the CAC 40 rose 0.3% amid continued worries about politics in Paris , where the government is battling over the budget. AP Business Writers Yuri Kageyama and Matt Ott contributed.
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