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OTTAWA—Key annual reports about the federal government’s finances are unusually late this year, prompting concerns that Prime Minister Justin Trudeau’s Liberals are showing a troubling lack of transparency around public spending. Appearing at a House of Commons Committee on Tuesday, Parliamentary Budget Officer Yves Giroux said the delays have put MPs in a “very uncomfortable” and “difficult” position. Giroux questioned the current practice of allowing the government to control when to publish these reports, which include the annual audited and the . The reports are usually published before the end of October, and show spending from the 2023-23 fiscal year that ended in March. The government also has not released a fall economic statement, a practice that usually happens in October or November to provide a budgetary update partway through the fiscal year. The situation leaves parliamentarians facing decisions on billions of dollars of proposed public spending without knowing the true state of the country’s finances, including the size of the budget deficit, Giroux said. For instance, MPs voted last week to approve the Liberal government’s proposal to temporarily remove the federal sales tax on a host of consumer goods, from beer and candy to diapers and Christmas trees, a move expected to cost more than $1 billion. “It’s not the way to have sound management of public funds,” Giroux said in French. Later, in English, he told MPs the delayed fiscal reporting “negatively impacts your capacity to make or suggest trade-offs when it comes to spending and revenues.” Giroux’s predecessor as Parliamentary Budget Officer, Kevin Page, is also expressing concern about a “significant delay” in producing the reports. Both of them, he said, are typically published before the end of October. “You need this level of transparency,” Page told the Star. “There’s no documents, and the government should be held accountable.” Robert Asselin, a former adviser to prime ministers Paul Martin and Trudeau who is now at the Business Council of Canada, said it is possible the government is hesitant to publish the numbers because they failed to meet their own targets for fiscal constraint. These include pledges to restrict the 2023-24 deficit to $40 billion, cap the spending shortfall at one per cent of gross domestic product (GDP) by 2026, and ensure that the government’s ratio of debt to GDP gets smaller each year going forward. “There’s no real precedent on being that late on reporting on how the government of Canada is spending its money,” Asselin said. “This is Canadians’ money at the end of the day. They should know how the government is spending it.” Asked Tuesday about the delayed reports, Finance Minister Chrystia Freeland repeatedly refused to explain why they have not been published. She denied, however, that they have not been released for political reasons, such as to delay releasing bad news about government overspending. “They’ll be published this year,” Freeland said, adding that the government also intends to table a fall economic statement. Bill Matthews, a top-level bureaucrat at the federal Treasury Board, said the “final version” of the Public Accounts is currently with the auditor general’s office, “and we are collaborating to finalize” that report. Later at the committee, Giroux raised questions about whether the government will be able to stick to its self-imposed fiscal targets. Earlier this fall, his office published a that predicted the government blew past its promise to limit the deficit with an estimated $46.8-billion shortfall last fiscal year. On top of the overall deficit level, Giroux said Tuesday the Liberals’ commitment to a declining debt-to-GDP ratio “will be at high risk this year” — especially if the almost $6 billion in new spending from the sales tax holiday and $250 cash handouts the government has promised coincide with Parliament’s failure to pass legislation to hike capital gains taxes, a move that is expected to raise $19 billion over five years. The House of Commons has been paralyzed for weeks over a Conservative effort to push the government to disclose documents relating to alleged corruption at a green technology agency. “That would mean that some revenues, several billion dollars that the government was or is banking on this fiscal year, probably won’t happen if that legislation is not passed,” Giroux said. On Tuesday, Freeland did not say whether the government has maintained its budgetary targets, but insisted that Ottawa remains in a “strong fiscal position.” For Asselin, from the business council, the delayed fiscal reports make him suspect the “numbers are not great.” It also raises questions about a government that appears to be “improvising” in the face of various significant challenges, he said. “After nine years in office, not being able to be timely on budget release and fiscal update release — I think it’s not a great sign of how the government is organized and how it functions.”BOSTON--(BUSINESS WIRE)--Dec 4, 2024-- Myomo, Inc. (NYSE American: MYO) (“Myomo”), a wearable medical robotics company that offers increased functionality for those suffering from neurological disorders and upper limb paralysis, today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. In connection with the offering, Myomo also expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Craig-Hallum Capital Group is acting as the sole managing underwriter for the offering. Myomo expects to use the net proceeds of the offering, together with its existing cash and cash equivalents, to accelerate its revenue growth by funding an increase in advertising expenses and headcount to support the expected revenue growth in Myomo’s direct billing channel, along with investments in systems to support growth in the O&P channel and in scaling its operations. In addition, the net proceeds of the offering will be used to fund product development and sustaining engineering activities to enhance the current MyoPro product line and to develop the next generation of Myomo’s products, with the remainder for working capital and general corporate purposes. The offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-281311), as amended, including a base prospectus, relating to the shares of common stock to be issued in the proposed offering was filed with the Securities and Exchange Commission (the “SEC”) on August 6, 2024 and was declared effective on August 28, 2024. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted. Myomo will file a preliminary prospectus supplement relating to and describing the terms of the proposed offering with the SEC and will be available on the SEC’s website at www.sec.gov . The securities may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. Copies of the preliminary prospectus supplement and the accompanying base prospectus relating to the securities being offered may be obtained, when available, from Craig-Hallum Capital Group LLC, Attention: Equity Capital Markets, 222 South Ninth Street, Suite 350, Minneapolis, MN 55402, by telephone at (612) 334-6300 or by email at prospectus@chlm.com . The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC. About Myomo Myomo is a wearable medical robotics company that offers improved arm and hand function for those suffering from neurological disorders and upper-limb paralysis. Myomo develops and markets the MyoPro product line. MyoPro is a powered upper-limb orthosis designed to support the arm and restore function to the weakened or paralyzed arms of certain patients suffering from CVA stroke, brachial plexus injury, traumatic brain or spinal cord injury or other neuromuscular disease or injury. It is currently the only marketed device in the U.S. that, sensing a patient’s own EMG signals through non-invasive sensors on the arm, can restore an individual’s ability to perform activities of daily living, including feeding themselves, carrying objects and doing household tasks. Many are able to return to work, live independently and reduce their cost of care. Myomo is headquartered in Boston, Massachusetts, with sales and clinical professionals across the U.S. and representatives internationally. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, of which provisions Myomo is availing itself. Such forward-looking statements include, but are not limited to, those regarding the completion of the proposed offering and expectations regarding the timing, anticipated use of proceeds from the offering and expectations to grant the underwriter a 30-day option to purchase additional shares. Certain forward-looking statements can be identified by the use of forward-looking terminology, such as “believes,” “expects,” “may,” “will,” “could,” “should,” “seeks,” “approximately,” “intends,” “plans,” “estimates,” or “anticipates,” or the negative thereof or other comparable terminology, or by discussions of strategy, plans, objectives, intentions, estimates, forecasts, outlook, assumptions, or goals. Any forward-looking statements in this press release are based on management’s current expectations and beliefs and are subject to a number of risks, uncertainties and important factors that may cause actual events or results to differ materially from those expressed or implied by any forward-looking statements contained in this press release, including, without limitation, uncertainties related to market conditions and satisfaction of customary closing conditions related to the proposed offering. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Myomo assumes no obligation to update information contained in this press release whether as a result of new developments or otherwise, except as required by law. Please refer to Myomo's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other subsequent filings with the SEC, which are available at the SEC's website at www.sec.gov , for additional and more detailed discussion of risk factors that could cause actual results to differ materially from Myomo’s current expectations. View source version on businesswire.com : https://www.businesswire.com/news/home/20241204653512/en/ CONTACT: For Myomo: ir@myomo.comInvestor Relations: Kim Sutton Golodetz Alliance Advisors IR kgolodetz@allianceadvisors.com 212-838-3777 KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS INDUSTRY KEYWORD: WEARABLES/MOBILE TECHNOLOGY TECHNOLOGY MEDICAL DEVICES NEUROLOGY OTHER HEALTH HARDWARE HEALTH ROBOTICS GENERAL HEALTH SOURCE: Myomo, Inc. Copyright Business Wire 2024. PUB: 12/04/2024 04:05 PM/DISC: 12/04/2024 04:05 PM http://www.businesswire.com/news/home/20241204653512/en
The earnings calendar is home to a few interesting prospects as the Thanksgiving holiday approaches, including ( ). Dell stock has been working its way higher, showing some signs of accumulation as it tries to clear a handle buy point of 141.33. Dell still sells PCs and laptops, but it's become a big player in the field of artificial intelligence as a provider of hardware, including servers, that power AI workloads. Workloads are tasks performed by AI systems, which entails processing large amounts of data and performing complex computations. Also in the technology sector, investors will listen closely to what ( ) has to say when the company reports earnings Tuesday after the close. The FactSet consensus is for adjusted profit to fall 1% to 81 cents a share, with revenue up 25% to $982.8 million. The stock has recovered well after a breakdown in July that saw the security software firm lose nearly 40% of its value. A faulty software update from CrowdStrike caused a widespread outage and resulted in the cancellation of 7,000 ( ) flights. Delta sued CrowdStrike for $500 million. CrowdStrike countersued, blaming Delta's older IT systems. Dell Vies For Breakout After a harrowing 50% pullback from May to August, Dell was trading just above a 141.33 buy point Friday morning. Dell could be right for a call-option trade, so long as the stock isn't too far below or above the entry just before earnings. Results are due Tuesday after the close. Look for adjusted profit to be up 10% to $2.07 a share. Revenue growth is expected to accelerate for the third straight quarter, up 11% to $24.7 billion. When Dell reported earnings in August, shares popped 4% after the company said AI server sales jumped 82% sequentially to $3.1 billion. AI sales are part of Dell's Infrastructure Solutions Group (ISG), which makes servers and systems for data centers. It's Dell's fastest-growing unit. Total ISG revenue grew 38% to $11.65 billion. In an interview earlier this year at SXSW 2024, CEO Michael Dell told Patrick Moorhead from Moor Insights & Strategy that AI is still nascent and that data center capacity will have to expand by 100 times from current levels over the next 10 years. Watching Workday And Burlington Separately, results from ( ) will also be out late Tuesday. It's been a bit of a laggard in the enterprise software group with a of 56. Nonetheless, Workday is in position for a breakout try after a heavy-volume move above its 10-day moving average Thursday. Workday boasts a strong record of earnings and revenue growth. The stock gapped up sharply on Aug. 23 after the company reported better-than-expected bottom-line and top-line growth. Investors were also encouraged by comments from CFO Zane Rowe, who said the company's adjusted operating margin will expand to 30% in the 2026 and 2027 fiscal years. That was up from a prior forecast in September 2023, where the company said it was targeting a 25% adjusted operating margin. Meanwhile, after a string of positive earnings reports in the retail sector from ( ), ( ), ( ) and ( ), attention turns to top performer ( ). Burlington gapped out of a cup-with-handle base Friday, with earnings due early Tuesday. It's another retailer with a consistent track record of growth. Quarterly profit is seen rising 58% to $1.55 a share, with revenue up 12% to $2.55 billion. Annual return on equity is stellar at 44%. Options Trading Strategy A basic options trading strategy around earnings — using call options — allows you to buy a stock at a predetermined price without taking a lot of risk. Here's how the option trading strategy works, and what a call-option trade recently looked like for Dell stock. First, identify top-rated stocks with a bullish chart. Some might be setting up in sound early-stage bases. Further, others already might have broken out and are getting support at their for the first time. And a few might be trading tightly near highs and refusing to give up much ground. Avoid extended stocks that are too far past proper entry points. A call option is a bullish bet on a stock. Put options are bearish bets. One call option contract gives the holder the right to buy 100 shares of a stock at a specified price, known as the strike price. Once you've identified a bullish setup in the earnings calendar, check strike prices with your online trading platform, or at . Also, make sure the option is liquid with a relatively tight spread between the bid and ask. Look for a strike price just above the underlying stock price — that's out of the money — and check the premium. Ideally, the premium should not exceed 4% of the underlying stock price at the time. In some cases, an in-the-money strike price is OK as long as the premium isn't too expensive. Choose an expiration date that fits your risk objective. But keep in mind that time is money in the options market. Near-term expiration dates will have cheaper premiums than those further out. Buying time in the options market comes at a higher cost. Dell Stock Option Trade When Dell traded at around 143, a slightly out-of-the-money weekly call option with a 144 strike price and a Nov. 29 expiration came with a premium of around $7.25 per contract. That was 5% of the underlying stock price at the time and just above the 4% threshold of IBD's strategy. One contract gave the holder the right to buy 100 shares of Dell at 144 per share. The most that could be lost was $725 — the amount paid for the 100-share contract. To break even, Dell stock would need to rise to 151.25, factoring in the premium paid. The expected move in the options market for Dell, based on the at-the-money strike price of 143, was about 16 points up or down. This was determined by adding the at-the-money call premium to the put premium for the Nov. 22 contract, the expiration nearest the earnings report.
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The autumn sun was sinking low behind the Blue Ridge Mountains as we pulled into Swannanoa. It was Thanksgiving Day, and two months since Hurricane Helene ransacked the Southeast. The small town, like so many communities across western North Carolina, was still a scene of utter devastation. Heaping piles of debris dotted the roadside, and neighborhoods of collapsed homes sat empty in the cold dusk light. On the window of one building, someone had spray-painted a message: “WE ALRIGHT.” This was not the Thanksgiving Day anyone had envisioned months ago. But inside the kitchen of a local bakery, volunteers with Grassroots Aid Partnership (GAP) gathered to cook up a community feast — just like they’d been doing every day for weeks. That day we were prepping turkeys, whole birds stuffed with fresh herbs and citrus, pulled piping hot from the smoker. A GAP volunteer told me that, even though the area’s water service had recently been restored, the community’s need for aid was still there. GAP planned to continue cooking, serving and delivering hot meals through the end of the year, at least. GAP is just one of many groups across western North Carolina that have mobilized in the wake of Hurricane Helene, and I was grateful to spend three short days helping with various relief efforts over the Thanksgiving holiday. Since the late September floods, the outpouring of community support has been held up by national media as an example of what grassroots solidarity looks like in action. Now, as the year winds down and the threat of Donald Trump’s second administration looms, I can’t stop thinking about the lessons we can glean from the region’s hurricane response. After Trump’s reelection, social media exploded with calls for the left to get organized. It’s a crucial directive, but one that might seem near-impossible in these highly atomized times. Again and again, I saw or heard people lamenting that, while they would love to “get organized,” they weren’t really sure what that could look like in practice. X, the platform formerly known as Twitter, erupted in debate over one viral infographic that listed things like “community gardening” and “talking to your neighbors” alongside mutual aid fundraisers as examples of ways to organize. Critics said that calling everything “organizing” diluted its meaning and political potential; others noted that finding ways to build community is an important first step to fostering a working-class movement. Indeed, part of why western North Carolina’s recovery response to Helene was so swift was because of the community networks already in place before the storm. Appalachian communities have a long history of mutual aid, since remote landscapes and years of government abandonment have forced self-reliance in the historically poor region. There’s also a culture of knowing your neighbors — regardless of whether or not an online infographic has told you to. Even though I grew up in central North Carolina, I’ve spent the last eight years in major cities; whenever I return home, I find myself caught off guard by the genuine warmth of strangers. This has long been the reality, of course, in most places across the country, but it’s also true that many people have felt their organic connections to others fracture in recent years. Social media and the COVID-19 pandemic, in particular, have caused a troubling loneliness epidemic to take hold. In suburban areas — where most U.S. residents live — the architecture itself inhibits social connection. The rise of consumer surveillance technologies like the Ring camera, or crowd-sourced public safety maps like the Citizen App, fuel an all-pervading fear of crime that is out of step with national trends. A nationwide surge of far-right extremism, stoked in part by Trump’s hateful rhetoric, has fanned the flames of political division. Meanwhile, “third places” — spaces for people to gather outside of home or work — are disappearing across the country. In these sorts of conditions, it’s hard to build trust among neighbors. This is also part of why spiritual communities have played a large role in western North Carolina’s Helene recovery efforts. It can’t be overlooked that the many churches scattered throughout the region have been instrumental in getting help to the people who need it. Churches are a conventional third place, offering both a built-in community of people and the space to gather them. As tax-exempt entities with traditions of tithing, churches also often have the funding structures in place to do aid work. What can we learn from this? Churches are only one piece of the puzzle. A large part of the battle is just (a) finding a network of people, and (b) having the physical space for them to come together, in whatever form that may take. Financial resources, of course, are critical — but it’s hard to put them to good use without the first two building blocks. People in western North Carolina have found creative ways to make relief work happen. GAP uses the kitchen facilities of the Swannanoa bakery, Blunt Pretzels, to cook meals. But it hasn’t always been this way: One volunteer told me that, in the immediate aftermath of the storm, without any electricity or running water, a few people set up shop in the parking lot and used pepperoni slices from Subway to make strombolis. Now, they’ve been flush with supplies, donations and volunteers, including receiving potable water and food deliveries from World Central Kitchen. As a dozen people helped clean up on Thanksgiving Day, the volunteer looked around the kitchen in awe: “Wow,” he said. “We sure have come a long way.” Just down the road from Blunt Pretzels, Silverados, an outdoor concert venue on the border of Swannanoa and Black Mountain, has turned into a temporary hub for people to donate, sort and receive supplies. Neon vest-clad volunteers open the gates every morning and organize cars into either pick-up or drop-off lines. The site has everything from bottled water to tents, baby formula and Christmas toys. Nobody is turned away: Check off what you need from a list, and volunteers will run to different shipping containers to collect the goods. When I visited to drop off supplies, I was struck by how well-organized the massive hub had become in just two months; it’s rare to see something run entirely by volunteers operate with such efficiency and logistical finesse. I walked away thinking about how I wished something like it could exist all the time, for anyone that needs support, regardless of whether or not a hurricane has struck. How motivated many are to mobilize people when a disaster feels particularly acute — never mind the fact that the crisis of poverty is, for many people, experienced as an emergency every single day. GAP is a nonprofit organization, as is the Silverados supply hub, which is now registered as the 501(c)(3) Valley Strong Disaster Relief. But if you start talking to people on the ground, you realize that much of the work in the region has been done outside of nonprofit scaffolding. For two days, for instance, my mother and I helped an elderly couple in Barnardsville, a rural area about 20 miles outside of Asheville, whose farmhouse and property had been pummeled by the flooding of a nearby creek. We showed up knowing very little: My mom had found them through a Facebook post, called a phone number and decided we should show up one day. When we were there, we learned that they’d been receiving countless volunteers on a near-daily basis — word of mouth and Facebook had spread their requests for help far and wide. It’s important to note that much of the Helene relief work is not being done on explicitly political grounds. Outside of Asheville, western North Carolina leans quite red. And so it’s taken a cross-coalition of people and groups, from various backgrounds, to fill in the gaps where the government has failed. For those of us on the left, attaching political development and anti-racist class consciousness to this grassroots work is crucial. But that can’t happen if people are splintered and frozen, infighting online or doing nothing at all. In a way, I think that fixating on the semantics of phrases like “mutual aid” and “community organizing” can start to act as barriers to doing the work that needs to be done. No, simply getting to know your neighbors is not the same as organizing — but how many people hear that and then simply do nothing at all? How much good could be accomplished if everyone, everywhere committed to doing some form of mutual aid work today? And how can we think strategically about galvanizing the communities of which we are already apart? Start small. Start now.Passing on the exams
Liverpool's lead cut as Newcastle snatch thrilling draw
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