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City launches new reporting app for residentsCouple charged in ring suspected of stealing $1 million in Lululemon clothes
Global Gen Z Views on Beijing: A Journey Through the City's Culture, Innovation, and EcologyBOULDER, Colo. — A 72-year-old lifelong Colorado fan with end-stage kidney failure waited to the side of the field in his wheelchair for Travis Hunter and the rest of the Buffaloes. One by one, players strolled over and signed a football for Riley Rhoades, his face lighting up with each signature. Standing close by and taking in the scene was Jeremy Bloom. He's become a wish facilitator for older adults. Bloom, the former Colorado wide receiver and Olympic freestyle skier, started the Wish of a Lifetime foundation in 2008, which has made thousands of aspirations turn into reality for older adults. The list of granted wishes range from taking veterans back to the beaches of Normandy to helping late-in-life authors publish a book. He's staged concerts for musicians, assisted some in daredevil feats such as jumping out of an airplane and even lined up a meeting between an Olympic medalist and former President Barack Obama. People are also reading... For Rhoades, his wish was simply to return to Folsom Field again, the place where he used to have season tickets but hasn't attended a game since 2004. "Everybody has somebody in their life —a grandparent, friend, neighbor — at that age where you wish you had more resources to help," said Bloom, whose college career was cut short two decades ago when the NCAA denied his reinstatement to play football and still ski professionally after receiving endorsement money to fuel his Olympic dreams. "Nothing can compare to seeing someone else's eyes light up because you helped make their dream come true." Granting wishes The foundation is a tribute to his grandparents. But the concept began to take root when he was a teenager. He was in Japan for a World Cup freestyle skiing competition when a woman tried to hop on a crowded bus. There was no room, but everyone in front rose from their seats to make space. That stuck with him, along with seeing these acts of kindness for older adults all over Europe and Asia as he traveled. An idea formed — bring that same level of appreciation to the United States, with a wish-granting element. Bloom's organization has been a charitable affiliate of AARP since 2020. Special moment It was the yearning of Rhoades that brought the two of them to Folsom Field last weekend. Rhoades, who had season tickets at Colorado for 27 years, wanted to see the Buffaloes in person after watching the team's resurgence on television. A few years ago, Rhoades, who was born with spina bifida, was diagnosed with end-stage renal failure. Being among the 54,646 fans Saturday stirred up plenty of emotions for Rhoades, as he watched the 16th-ranked Buffaloes (8-2, 6-1 Big 12, No. 16 CFP) beat Utah. Colorado remains in the race for not only a conference title but a spot in the College Football Playoff. "It's just great to be back here again," Rhoades said as he pointed out the section where he used to watch games. "It's just ... so cool." For Bloom, the success that coach Deion Sanders has brought to the program means more reunions with teammates as they pass through town. "I've been through many years where nobody comes to visit," Bloom said. "It's fun that Boulder has become the epicenter of college football." Paying athletes Leading the way for Colorado this season have been quarterback Shedeur Sanders and two-way star Hunter, who's the Heisman Trophy frontrunner. But what particularly pleases Bloom is that Sanders, Hunter and the rest of college football players are able to finally profit through name, image and likeness. In his day, Bloom got caught in the NCAA crosshairs for wanting to play both sports and to have sponsors in one (skiing) so he could fund his Olympic aspirations. How time have changed. "I'm just really grateful that this generation of athletes gets to monetize their skills and ability," said Bloom, who finished sixth in moguls at the 2006 Winter Games in Italy. "It's the right thing." He's thrown his passion into fulfilling wishes such as learning ballet, riding in a Formula 1 pace car or taking a flight in a fighter jet. He's also helped reconnect families and friends, including a reunion for a trio of centenarian sisters who hadn't seen each other in more than a decade. This granted wish has stuck with Bloom: A person in Alabama wasn't able to travel after being diagnosed with end-of-life emphysema. So he asked for postcards to be sent, just to learn what made someone's town so special. He received 2,000 postcards from 26 different countries. "There's no end to the things that they've done for us in the world," Bloom said of older adults. "We're one of the organizations that reminds them that their dreams still do matter and that we still appreciate them and we cherish them." Be the first to know Get local news delivered to your inbox!
The Role of Technology in Advancing Kratom Brand QualityTeam India's regular captain has left for Australia to join the squad ahead of the 2nd Test at the Adelaide Oval, beginning on December 6th. In a video surfaced on social media, the right-handed batter was spotted at the airport as he was leaving for Australia, wearing a black t-shirt and a jeans. The 37-year-old hadn't left with the Indian team as his wife Ritika Sajdeh was expecting their second child. Even after his wife had given birth to their child, Rohit had reportedly communicated to the BCCI that he wishes to spend more time with his family, prompting Jasprit Bumrah to step up as captain. CAPTAIN ROHIT SHARMA IS COMING TO AUSTRALIA...!!! 🇮🇳 pic.twitter.com/Jjf33liFk4 Rohit is likely to play the two-day practice match against the Prime Minister's XI ahead of the day-night Test in Adelaide. "Nice options for India to have" - Adam Gilchrist after AUS vs IND, 1st Test Day 2: Speaking to Cricbuzz, former Australian great Adam Gilchrist opined that Team India have plenty of happy headaches after KL Rahul steps up as an opener on day 2 in Perth. Gilchrist reckons the tourists might have to make some tough choices, with Shubman Gill and Rohit set to return, claiming: "What a headache to have two days into a series. Coming over here after a 3-0 dumping to New Zealand and there's a little bit of panic and chaos and uncertainty, and they go up underground for ten days in their build-up and all of a sudden here we are spoilt for options. Nice options for India to have. There's a lot to play out between now and then. We need to see what happens with Shubman Gill, how quickly that injury can heal. What Rohit's mindset is when he turns up, does he come and allow himself a bit more time to be ready for, say, the third test up at the Gabba?" India, meanwhile, are in pole position after two days of the opening Test against Australia in Perth.
Acrylic Rubber Market 2024-2033: Global Outlook, Business Statistics, Latest Trends And Major Players 11-23-2024 01:13 PM CET | Advertising, Media Consulting, Marketing Research Press release from: The Business Research Company Acrylic Rubber Market Share The Business Research Company recently released a comprehensive report on the Global Acrylic Rubber Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. According to The Business Research Company's, The acrylic rubber market size has grown strongly in recent years. It will grow from $1.51 billion in 2023 to $1.64 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to automotive industry adoption, construction sector utilization, environmental regulations, electronics and electrical applications, healthcare industry applications. The acrylic rubber market size is expected to see strong growth in the next few years. It will grow to $2.18 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to global industrial growth, adoption in energy-efficient systems, consumer goods market growth, aerospace and aviation expansion, demand in healthcare equipment. Major trends in the forecast period include demand for high-performance materials, automotive industry growth, environmental regulations, expansion in construction sector, electronics and electrical applications. Get The Complete Scope Of The Report @ https://www.thebusinessresearchcompany.com/report/acrylic-rubber-global-market-report Market Drivers and Trends: Increasing automobile production is expected to propel the growth of the acrylic rubber market. Automobiles refer to self-propelled motor vehicles, including cars, trucks, motorcycles, and others, designed for road transportation. Automotive production refers to transforming basic materials to create motor vehicles and the parts that go into making them. Acrylic rubber products are widely used in automobile components such as transmissions, bearing seals, and O-rings for their heat- and oil-resistant properties. Thus, the increasing automobile production is boosting the sales of acrylic rubber products. For instance, in 2021, according to the European Automobile Manufacturers' Association (ACEA), a Belgium-based automobile trade association, the world motor vehicle production volume reached 79.1 million units, an increase of 1.3% compared to 2020. Additionally, in March 2023, according to the US Federal Reserve, a US-based central banking system, 1.87 million autos were produced in the US, increasing from 1.71 million in February 2023. As a result, increasing automobile production is driving the growth of the acrylic rubber market. Product innovations are a key trend gaining popularity in the acrylic rubber market. Major companies operating in the acrylic rubber market are introducing innovative products to sustain their position in the market. For instance, in September 2023, BASF SE, a Germany-based manufacturer of chemicals, launched 2-Octyl Acrylate (2-OA), a bio-based acrylic monomer. OA is produced using 2-Octanol, a bio-based feedstock derived from castor oil. This provides a renewable and sustainable alternative to fossil-based resources. BASF's 2-OA is certified as 73% 14C-tracable bio-based content according to the ISO 16620 standard. Key Benefits for Stakeholders: • Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry. • Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning. • Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition. • Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights. • Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale. Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=10694&type=smp Major Key Players of the Market: DuPont de Nemours Inc.; PAR Group Ltd.; Ames Rubber Manufacturing Co. Inc.; Apcotex Industries Ltd.; Anabond Limited; Hanna Rubber Company; ZEON Corporation; Nok Corporation; Fostek Corporation; Jet Rubber Company; Synthos SA; Vanderbilt Chemicals LLC; Canada Silicone Inc.; Elder Rubber Company; Unimatec Chemicals; Changzhou Haiba; Suining Qinglong; Hi-Tech Polymers; Mitsubishi Chemical; Chongqing Jianfeng; Sumitomo Chemical; Kivi Markings; Sreeji Trading Company; Harboro Rubber; Tiger Rubber Company; Toyo Soda Manufacturing; Formosa Chemical & Fibre Corporation; Shin-Etsu Chemical Co. Ltd.; Dow Chemical; Eastman Chemical Company Acrylic Rubber Market 2024 Key Insights: • The acrylic rubber market will grow to $2.18 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. • Automobile Production Surge Fuels Acrylic Rubber Market Growth • Sustainability In Acrylic Rubber Market With Innovative Bio-Based Monomer • Asia-Pacific was the largest region in the acrylic rubber market in 2023 We Offer Customized Report, Click @ https://www.thebusinessresearchcompany.com/Customise?id=10694&type=smp Contact Us: The Business Research Company Europe: +44 207 1930 708 Asia: +91 88972 63534 Americas: +1 315 623 0293 Email: info@tbrc.info Follow Us On: LinkedIn: https://in.linkedin.com/company/the-business-research-company Twitter: https://twitter.com/tbrc_info Facebook: https://www.facebook.com/TheBusinessResearchCompany YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ Blog: https://blog.tbrc.info/ Healthcare Blog: https://healthcareresearchreports.com/ Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model Learn More About The Business Research Company The Business Research Company ( www.thebusinessresearchcompany.com ) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide. This release was published on openPR.THE HAGUE, Netherlands — Alyssa Naher made two critical saves in her final match for the United States, Lynn Williams scored the go-ahead goal in the 71st minute and the Americans beat the Netherlands, 2-1, in an exhibition match on Tuesday. The U.S., which won its fifth Olympic gold medal in France this summer, closed its 2024 schedule on a 20-game unbeaten streak. The Americans were coming off a scoreless draw with England in another exhibition on Saturday at Wembley Stadium . Naeher announced two weeks ago that the European matches would be her last . The 36-year-old goalkeeper played in 115 games for the U.S., with 111 starts, 89 wins and 69 shutouts. Naeher is the only U.S. keeper with shutouts in both a World Cup and an Olympic final. She was in goal when the United States defeated the Netherlands, 2-0, in the 2019 Women’s World Cup final. The Netherlands took the lead on center back Veerle Buurman’s header off a corner kick in the 15th minute. Naeher prevented a second goal when she punched away Dominique Janssen’s shot in the 38th. The United States drew even at the end of the first half on an own goal that deflected off Buurman and past Dutch goalkeeper Daphne van Domselaar. Naeher slid to stop Danielle van de Donk’s shot in the 69th minute before Williams scored her fourth goal of the year and 21st of her career. Lily Yohannes came in as a substitute in the second half. Yohannes, who has dual citizenship, opted to play for the United States over the Netherlands last month. She plays professionally for the Dutch club Ajax. Related Articles The U.S. finished the year without the trio of Mallory Swanson, Trinity Rodman and Sophia Smith, who were left off the roster for the final two matches to rest and heal nagging injuries. The U.S. is unbeaten in 15 matches under coach Emma Hayes, who took over in May. More to come on this story.
India News | Family Feuds See Candidates of NCP and Shiv Sena Win in Maharashtra
TikTok has filed a challenge to the federal government’s Nov. 6 to wind up its Canadian operations, saying the decision was “driven by improper purposes” and alleging that federal representatives failed to substantially engage with the company during the national security review (NSR) process. In addition to calling the order “unreasonable” and “grossly disproportionate,” TikTok says it was owed a “heightened duty of procedural fairness.” In Federal Court filing in Vancouver last week, TikTok asked the court for a stay of the shutdown order during the legal challenge in addition to setting aside the order in general. TikTok also requested relief for its costs in filing the challenge, and any other relief the court may permit. The Government of Canada the social media giant to wind up its operations in the country after an NSR under the Investment Canada Act (ICA), but did not outright ban the platform itself. The Nov. 6 statement by Innovation Minister François-Philippe Champagne indicated that the shutdown order aimed to address “specific national security risks” related to the operations of TikTok’s Chinese parent company, ByteDance, in Canada through TikTok Technology Canada, but did not elaborate on the nature of these risks. TikTok claims it annually contributes millions of dollars to the Canadian economy, and that the shutdown order will result in the termination of hundreds of employees in Canada, as well as the potential termination of over 250,000 contracts with Canadian-based advertisers. In its filing, TikTok outlines a seemingly sparse correspondence history with the Foreign Investment Review and Economic Security Branch (FIRES) of Innovation, Science and Economic Development Canada (ISED). TikTok said it learned in August 2020 that it had not provided the required notices under the ICA regarding the establishment of TikTok Canada in 2018. TikTok alleges that from then until Jan. 2023, FIRES indicated it would be best to delay its filings, given TikTok was under review in the United States. The filing goes on to describe a lengthy process starting in Feb. 2023, when TikTok provided its relevant notices and responded to FIRES information requests, before being notified in Sept. 2023 that an NSR had been ordered. After consenting to a couple extensions of the NSR, TikTok alleges that FIRES’s “substantive engagement” with it ceased in early 2024, despite multiple attempts to engage and signalling its willingness to extend the NSR further. “While we respect the legal process, we stand by our decision to prioritize Canadians’ safety and security.” Finally, TikTok claims it was delivered a form letter in September 2024 that indicated it could submit additional security undertakings to the Minister within three days. When TikTok asked FIRES if it was a specific request for TikTok, TikTok alleges that FIRES indicated it was a general letter sent to all companies under an NSR and did not lead TikTok to believe it needed to submit anything. In October, TikTok claims it was informed that its decision to not respond to the letter led to the Minister’s decision to conclude the NSR before being ordered to shut down its operations in Canada. In addition to calling Champagne’s order “unreasonable” and “grossly disproportionate,” TikTok said in the filing it was owed a “heightened duty of procedural fairness.” “The Minister erred in law and breached TikTok Canada’s rights to procedural fairness by, among other things, failing to substantively engage in the course of the NSR, abruptly concluding the NSR, and depriving TikTok Canada of the chance to fully and fairly benefit from its statutory and procedural rights,” the filing reads. ISED Press Secretary Audrey Milette told BetaKit in an email statement that the government cannot comment on the case due to the confidentiality provisions in the ICA. “The Government’s decision was informed by a thorough national security review and advice from Canada’s security and intelligence community,” Milette said. “While we respect the legal process, we stand by our decision to prioritize Canadians’ safety and security.” The case has yet to be heard in court. The federal government has been taking on big tech companies on many different fronts in recent weeks. The to shut down TikTok was followed by Canada’s Competition Bureau for what it calls anti-competitive conduct in the country’s online advertising technology sector. The Bureau is seeking an order that would require Google to cease the anti-competitive practices, sell off two of its adtech tools, and a monetary penalty. This week, Privacy Commissioner of Canada Philippe Dufresne also that social media platform LinkedIn agreed to voluntarily pause using the personal information of Canadian members to train its generative artificial intelligence (AI) models. The Privacy Commissioner’s office said in a statement that Dufresne reached out to LinkedIn following that it had started training AI models using the data of individual members without notifying them. “I welcome the decision by LinkedIn to pause its practice of using the personal information of Canadian LinkedIn members to train AI models while we work with them to get answers to our questions,” Dufresne said in a statement. “Personal information, even when it is publicly accessible, is subject to privacy laws and must be adequately protected.”Scott Turner, President-elect Donald Trump choice to lead the Department of Housing and Urban Development, is a former NFL player who ran the White House Opportunity and Revitalization Council during Trump’s first term. Turner, 52, is the first black person selected to be a member of the Republican's Cabinet. Here are some things to know about Turner: From professional football to politics Turner grew up in a Dallas suburb, Richardson, and graduated from the University of Illinois Urbana-Champaign. He was a defensive back and spent nine seasons in the NFL beginning in 1995, playing for the Washington Redskins, San Diego Chargers and Denver Broncos. During offseasons, he worked as an intern then-Rep. Duncan Hunter, R-Calif. After Turner retired in 2004, he worked full time for the congressman. In 2006, Turner ran unsuccessfully as a Republican in California’s 50th Congressional District. Turner joined the Texas House in 2013 as part of a large crop of tea party-supported lawmakers. He tried unsuccessfully to become speaker before he finished his second term in 2016. He did not seek a third term. Motivational speaker and pastor Turner also worked for a software company in a position called “chief inspiration officer” and said he acted as a professional mentor, pastor, and councilor for the employees and executive team. He also has been a motivational speaker. He and his wife, Robin Turner, founded a nonprofit promoting initiatives to improve childhood literacy. His church, Prestonwood Baptist Church, lists him as an associate pastor. He is also chair of the center for education opportunity at America First Policy Institute, a think tank set up by former Trump administration staffers to lay the groundwork if he won a second term. Headed council in Trump's first term Trump introduced Turner in April 2019 as the head of the new White House Opportunity and Revitalization Council. Trump credited Turner with “helping to lead an Unprecedented Effort that Transformed our Country’s most distressed communities.” The mission of the council was to coordinate with various federal agencies to attract investment to so-called “Opportunity Zones," which were economically depressed areas eligible to be used for the federal tax incentives. The role of HUD HUD is responsible for addressing the nation’s housing needs. It also is charged with fair housing laws and oversees housing for the poorest Americans, sheltering more than 4.3 million low-income families through public housing, rental subsidy and voucher programs. The agency, with a budget of tens of billions of dollars, runs a multitude of programs that do everything from reducing homelessness to promoting homeownership. It also funds the construction of affordable housing and provides vouchers that allow low income families to pay for housing in the private market. During the campaign, Trump focused mostly on the prices of housing, not public housing. He railed against the high cost of housing and said he could make it more affordable by cracking down on illegal immigration and reducing inflation. He also said he would work to reduce regulations on home construction and make some federal land available for residential construction.
BETHESDA, Md. , Dec. 11, 2024 /PRNewswire/ -- AGNC Investment Corp. AGNC announced today that its Board of Directors has declared a cash dividend of $0.12 per share of common stock for December 2024 . The dividend is payable on January 10, 2025 to common stockholders of record as of December 31, 2024 . For further information or questions, please contact Investor Relations at (301) 968-9300 or IR@AGNC.com . ABOUT AGNC INVESTMENT CORP. Founded in 2008, AGNC Investment Corp. AGNC is a leading investor in Agency residential mortgage-backed securities (Agency MBS), which benefit from a guarantee against credit losses by Fannie Mae, Freddie Mac, or Ginnie Mae . We invest on a leveraged basis, financing our Agency MBS assets primarily through repurchase agreements, and utilize dynamic risk management strategies intended to protect the value of our portfolio from interest rate and other market risks. AGNC has a track record of providing favorable long-term returns for our stockholders through substantial monthly dividend income, with over $13 billion of common stock dividends paid since inception. Our business is a significant source of private capital for the U.S. residential housing market, and our team has extensive experience managing mortgage assets across market cycles. To learn more about The Premier Agency Residential Mortgage REIT , please visit www.AGNC.com , follow us on LinkedIn and X , and sign up for Investor Alerts . CONTACT: Investor Relations - (301) 968-9300 View original content: https://www.prnewswire.com/news-releases/agnc-investment-corp-declares-monthly-common-stock-dividend-of-0-12-per-common-share-for-december-2024--302329440.html SOURCE AGNC Investment Corp. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.BEIJING , Nov. 23, 2024 /PRNewswire/ -- On November 22, 2024 , the " Global Gen Z Views on Beijing " event organized by China Daily New Media Center and 21st Century Media and Education officially launched. The event will spotlight three key themes: Beijing's cultural legacy, technological innovation, and environmental conservation. During the event, over 20 international influencers will visit notable sites including the Capital Museum and the Zhoukoudian Site Museum to explore the Beijing's rich history. They will also visit Beijing's leading tech enterprises and innovation hubs to experience the city's technological advancements. Additionally, the influencers will visit iconic locations such as the Yanqing Ecological Civilization Exhibition and the Beijing Wild Duck Lake National Wetland Park, gaining a firsthand perspective on the integration of environmental conservation and industrial development in the city. Through dynamic and youthful storytelling, the event aims to showcase Beijing's rich cultural heritage and its achievements in sustainable, high-quality development to audiences worldwide. During the first day of the event, Veronica, an Italian exchange student at Tsinghua University, expressed her excitement, saying, "I am delighted to be part of this event. My deep interest in Chinese culture brought me to China for my studies, and I have gained a lot from this experience." This event serves not only as a cultural exploration but also as a key platform for sharing Beijing's historical and modern development with audiences worldwide. Through the influencers' firsthand experiences, Beijing's rich cultural heritage and contemporary achievements will be vividly showcased to worldwide audiences. This event offers an international stage for Beijing to highlight its unique appeal, while promoting cultural exchange and fostering global understanding. View original content to download multimedia: https://www.prnewswire.com/news-releases/global-gen-z-views-on-beijing-a-journey-through-the-citys-culture-innovation-and-ecology-302314744.html SOURCE China Daily
NEW YORK (AP) — Wall Street got back to climbing after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. The S&P 500 gained 0.8% Wednesday to break a two-day losing streak and finished just short of its all-time high. Big Tech stocks led the way, which drove the Nasdaq composite up 1.8% to top the 20,000 level for the first time. The Dow Jones Industrial Average lagged with a dip of 0.2%. Stocks got a boost as expectations built that the Fed will deliver another cut to interest rates at its meeting next week. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stock indexes are rising Wednesday after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve . The S&P 500 gained 0.9% and is on track to break its first two-day losing streak in nearly a month. The Dow Jones Industrial Average fell 7 points, or less than 0.1%, as of 2:45 p.m. Eastern time, and the Nasdaq composite climbed 1.8% and was heading for a record. Treasury yields edged higher in the bond market as expectations built that Wednesday’s inflation data will allow the Fed to deliver another cut to interest rates at its meeting next week. Traders are betting on a 95% probability of that, according to data from CME Group, up from 89% a day before. If they’re correct, it would be a third straight cut by the Fed after it began lowering rates in September from a two-decade high. It’s hoping to support a slowing job market after getting inflation nearly all the way down to its 2% target. Lower rates would give a boost to the economy, but they could also provide more fuel for inflation. Wednesday’s report said U.S. consumers paid prices in November that were 2.7% higher than a year earlier. That’s a slight acceleration from October’s inflation rate of 2.6%, but it was exactly what economists were expecting. Another report on inflation at the wholesale level will arrive on Thursday. “The data have given the Fed the ‘all clear’ for next week, and today’s inflation data keep a January cut in active discussion,” according to Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management. Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times this year , with the latest coming last week. On Wall Street, Stitch Fix jumped 47.8% after the company that sends clothes to your door reported a smaller loss for the latest quarter than analysts expected. It also gave financial forecasts for the current quarter that were better than expected, including for revenue. Albertsons edged down by 0.6% after filing a lawsuit against Kroger, saying it didn’t do enough for their proposed $24.6 billion merger agreement to win regulatory clearance. Albertsons said it’s seeking billions of dollars in damages from Kroger, whose stock rose 0.6%. A day earlier, judges in separate cases in Oregon and Washington nixed the supermarket giants’ merger. The grocers contended a combination could have helped them compete with big retailers like Walmart, Costco and Amazon, but critics said it would hurt competition. After terminating the merger agreement Albertsons said it plans to boost its dividend 25% and increased the size of its program to buy back its own stock. Mondelez, the company behind Oreo and other food brands, climbed 2.2% after announcing a plan to send cash to shareholders by buying back up to $9 billion of its own stock. The program replaces a prior $6 billion plan, which had about $2.8 billion of capacity remaining and would have otherwise expired at the end of next year. On the losing end of Wall Street, Macy’s fell 2.3% after cutting some of its financial forecasts for the full year of 2024, including for how much profit it expects to make off each $1 of revenue. Dave & Buster’s Entertainment sank 18.7% after reporting a worse loss for the latest quarter than expected. It also said CEO Chris Morris has resigned, and the board has been working with an executive-search firm for the last few months to find its next permanent leader. In the bond market, the yield on the 10-year Treasury rose to 4.27% from 4.23% late Tuesday. The two-year Treasury yield, which more closely tracks expectations for the Fed, rose to 4.16% from 4.14%. In stock markets abroad, indexes rose across much of Europe and Asia. Hong Kong’s Hang Seng was an outlier and slipped 0.8% as Chinese leaders convened an annual planning meeting in Beijing that is expected to set economic policies and growth targets for the coming year. South Korea’s Kospi rose 1%, up for a second straight day as it climbs back following last week’s political turmoil where its president briefly declared martial law. ___ AP Writers Matt Ott and Zimo Zhong contributed. Stan Choe, The Associated Press
With no bowl game this season, the Bruins try to stop a four-game losing streak against Fresno State in their season finale Saturday at the Rose BowlProminent early-stage venture capital firm, nVentures, has announced the successful exit of its portfolio company, Kaiju Labs, which was acquired by Kast Finance. The transaction delivered a 2X multiple on invested capital (MOIC) for nVentures, coupled with a 48.6% internal rate of return (IRR). nVentures was the first investor in Kaiju Labs, which has emerged as a leader in wallet-as-a-service solutions, making pioneering strides in the Web3 sector. Its acquisition by Kast Finance marks a key milestone in its evolution and clearly demonstrates nVentures’ foresight when choosing to back Kaiju Labs. Kast Finance plans to integrate Kaiju Labs’ advanced technology into its expanding suite of financial solutions, paving the way for new innovations in the Web3 space industry. Kaiju Labs Co-Founder and CEO Sameera Nilupul said: “Joining forces with Kast Finance marks an exciting new chapter for Kaiju Labs. From the beginning, our mission was to create groundbreaking technology redefining the Web3 and fintech landscape. nVentures’ support was instrumental in our growth, and we’re thrilled to see our innovations reaching new heights as part of Kast Finance’s ecosystem.” nVentures Managing Partner Chalinda Abeykoon said: “Kast stands out as one of the world’s fastest-growing Web3 fintech startups, and its acquisition of Kaiju Labs is a testament to how innovation knows no boundaries. Sameera and Chameera are visionary founders who set an inspiring example for the next generation of Web3 entrepreneurs. We’re proud and humbled that they chose nVentures to be part of their remarkable journey. Our deepest gratitude goes to our investors and supporters for believing in our mission and enabling us to champion such transformative ventures.” The successful exit of nVentures from Kaiju Labs – which it chose to back based on strategic foresight and market analysis – adds yet another success story to the firm’s exceptional ability to identify and support early-stage technology companies. Accordingly, nVentures has built a reputation for backing ambitious founders who are driving transformative solutions across the tech landscape. Licenced by the Monetary Authority of Singapore, nVentures specialises in B2B fintech startups in South and Southeast Asia. Its investment portfolio spans Sri Lanka, India, Bangladesh, Singapore, and the UK. Focusing on early-stage investments, the firm provides capital, strategic guidance, and access to an extensive network to help founders create industry-leading companies.Rising voices of a generation: How young South Koreans defend democracy
Salesforce Earnings, Revenue Top Estimates, Guidance In Line
Avior Wealth Management LLC Acquires 8,857 Shares of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)
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