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WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump has nvited Chinese President Xi Jinping to attend his inauguration next month — extending a diplomatic olive branch even as Trump threatens to levy massive tariffs on Chinese goods. Trump's incoming press secretary, Karoline Leavitt, confirmed on Thursday that Trump invited Xi, but said it was “to be determined” if the leader of the United States' most significant economic and military competitor would attend. In fact it seems unlikely. Xi is likely to see the invitation as too risky to accept, and the gesture from Trump may have little bearing on the increasingly competitive ties between the two nations as the White House changes hands, experts say. Danny Russel, vice president for international security and diplomacy at the Asia Society Policy Institute, said Xi would not allow himself to “be reduced to the status of a mere guest celebrating the triumph of a foreign leader — the U.S. president, no less.” Still, Leavitt saw it as a plus. “This is an example of President Trump creating an open dialogue with leaders of countries that are not just our allies, but our adversaries and our competitors too,” she said in an appearance on Fox News' program ”Fox & Friends." “We saw this in his first term. He got a lot of criticism for it, but it led to peace around this world. He is willing to talk to anyone and he will always put America’s interest first.” CBS News first reported the invitation to Xi. Asked at a Chinese Foreign Ministry briefing on Thursday about Trump's invitation, spokesperson Mao Ning responded: “I have nothing to share at present.” Leavitt said that other foreign leaders have also been invited, but did not provide any details. The move by Trump to invite a leader of an adversarial nation to the American moment that is Inauguration Day is unorthodox. But it also squares with his belief that foreign policy—much like a business negotiation—should be carried out with carrots and sticks to get the United States' opponents to operate closer to his administration's preferred terms. Jim Bendat, a historian and author of “Democracy’s Big Day: The Inauguration of Our President,” said he was not aware of a previous U.S. inauguration attended by a foreign head of state. “It's not necessarily a bad thing to invite foreign leaders to attend,” Bendat said. “But it sure would make more sense to invite an ally before an adversary.” Edward Frantz, a presidential historian at the University of Indianapolis, said the invitation helps Trump burnish his “dealmaker and savvy businessman” brand. “I could see why he might like the optics," Frantz said. “But from the standpoint of American values, it seems shockingly cavalier." White House officials said it was up to Trump to decide whom he invites to the inauguration. “I would just say, without doubt it's the single most consequential bilateral relationship that the United States has in the world,” White House national security spokesman John Kirby said. “It is a relationship both fraught with peril and responsibility.” Trump on Thursday during an appearance at the New York Stock Exchange , where he was ringing the opening bell to open the market, said he’s been “thinking about inviting certain people to the inauguration” without referring to any specific individuals. “And some people said, ‘Wow, that’s a little risky, isn’t it?’” Trump said. “And I said, ‘Maybe it is. We’ll see. We’ll see what happens.’ But we like to take little chances.” Meanwhile, a top aide to Hungarian President Viktor Orban, one of Trump's most vocal supporters on the world stage, said Thursday that Orban isn't slated to attend the inauguration. “There is no such plan, at least for the time being," said Gergely Gulyás, Orban's chief of staff. The nationalist Hungarian leader is embraced by Trump but has faced isolation in Europe as he's sought to undermine the European Union's support for Ukraine, and routinely blocked, delayed or watered down the bloc’s efforts to provide weapons and funding and to sanction Moscow for its invasion. Orban recently met with Trump at Mar-a-Lago. Every country's chief of mission to the United States will also be invited, according to a Trump Inaugural Committee official who was not authorized to comment publicly and spoke on condition of anonymity. The Xi invitation comes as Trump has threatened to enact massive tariffs on Canada, Mexico and China to get those countries to do more to reduce illegal immigration and the flow of illegal drugs such as fentanyl into the United States. He has said that, on his first day in office in January, he would impose 25% tariffs on all goods imported from Mexico and Canada and that China could be hit with even higher tariffs. China produces precursor chemicals used in the production of fentanyl, but Beijing has stepped up efforts over the last year to crack down on the export of the chemicals. “We’ve been talking and discussing with President Xi, some things, and others, other world leaders, and I think we’re going to do very well all around,” Trump said in a CNBC interview Thursday. Xi during a meeting with President Joe Biden last month in Peru urged the United States not to start a trade war. “Make the wise choice,” Xi cautioned. “Keep exploring the right way for two major countries to get along well with each other.” Canadian Prime Minister Justin Trudeau has also pushed back on Trump's threats, warning such a tariffs move would be perilous for the U.S. economy as well. Trudeau earlier this week said that Americans “are beginning to wake up to the real reality that tariffs on everything from Canada would make life a lot more expensive” and said he will retaliate if Trump goes ahead with them. Trump responded by calling Canada a state and Trudeau the governor. In addition to the tariff dispute, U.S.-China relations are strained over other issues, including what U.S. officials see as Beijing indirectly supporting Russia's war on Ukraine. The Biden administration says China has supported Russia with a surge in sales of dual use components that help keep its military industrial base afloat. U.S. officials also have expressed frustration with Beijing for not doing more to rein in North Korea's support for the Russian war. China accounts for the vast majority of North Korea’s trade. North Korean leader Kim Jong Un has dispatched thousands of troops to Russia to help repel Ukrainian forces from the Kursk border region. The North Koreans also have provided Russia with artillery and other munitions, according to U.S. and South Korean intelligence officials. Trump’s Jan. 20 inauguration takes place a day after the U.S. deadline for ByteDance, the Chinese parent company of social media giant TikTok, to sell the social media app or face a ban in the United States. — Associated Press writers Didi Tang in Washington and Balint Domotor in Budapest, Hungary, contributed reporting.100-year sentence without parole for a gay couple in the US for raping their adopted sonsThrivent Financial for Lutherans increased its holdings in Popular, Inc. ( NASDAQ:BPOP – Free Report ) by 284.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 72,403 shares of the bank’s stock after buying an additional 53,590 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Popular were worth $7,260,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new stake in shares of Popular in the 3rd quarter valued at approximately $29,000. Capital Performance Advisors LLP bought a new position in shares of Popular during the 3rd quarter worth approximately $35,000. Mather Group LLC. bought a new stake in Popular in the second quarter valued at $44,000. Meeder Asset Management Inc. bought a new stake in Popular in the second quarter valued at $48,000. Finally, GAMMA Investing LLC raised its stake in Popular by 16.8% during the second quarter. GAMMA Investing LLC now owns 1,259 shares of the bank’s stock worth $111,000 after acquiring an additional 181 shares in the last quarter. Institutional investors own 87.27% of the company’s stock. Wall Street Analyst Weigh In Several research firms have recently weighed in on BPOP. Piper Sandler lowered their target price on shares of Popular from $112.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Barclays reduced their price target on shares of Popular from $117.00 to $104.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Wells Fargo & Company dropped their price objective on shares of Popular from $105.00 to $98.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Finally, Royal Bank of Canada reduced their target price on Popular from $108.00 to $96.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Popular has a consensus rating of “Moderate Buy” and an average target price of $104.88. Popular Price Performance Shares of Popular stock opened at $98.96 on Friday. The firm has a 50 day simple moving average of $96.49 and a 200 day simple moving average of $94.24. Popular, Inc. has a fifty-two week low of $71.08 and a fifty-two week high of $105.01. The firm has a market cap of $7.06 billion, a P/E ratio of 13.45, a P/E/G ratio of 0.74 and a beta of 0.79. Popular ( NASDAQ:BPOP – Get Free Report ) last released its earnings results on Wednesday, October 23rd. The bank reported $2.16 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.17). Popular had a net margin of 12.36% and a return on equity of 11.35%. The firm had revenue of $736.56 million during the quarter, compared to analyst estimates of $766.62 million. During the same period last year, the business posted $1.90 earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts expect that Popular, Inc. will post 8.46 EPS for the current year. Popular Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be issued a dividend of $0.70 per share. This is a boost from Popular’s previous quarterly dividend of $0.62. This represents a $2.80 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Friday, December 6th. Popular’s payout ratio is currently 38.04%. Insider Buying and Selling at Popular In related news, VP Adorno Denissa Rodriguez sold 1,825 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $97.71, for a total value of $178,320.75. Following the completion of the sale, the vice president now owns 3,332 shares in the company, valued at approximately $325,569.72. This represents a 35.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link . Also, EVP Beatriz Castellvi sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $99.16, for a total value of $347,060.00. Following the transaction, the executive vice president now owns 25,115 shares in the company, valued at approximately $2,490,403.40. This trade represents a 12.23 % decrease in their position. The disclosure for this sale can be found here . Corporate insiders own 2.09% of the company’s stock. About Popular ( Free Report ) Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico, the United States, and the British Virgin Islands. The company provides savings, NOW, money market, and other interest-bearing demand accounts; non-interest bearing demand deposits; and certificates of deposit. Recommended Stories Want to see what other hedge funds are holding BPOP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Popular, Inc. ( NASDAQ:BPOP – Free Report ). Receive News & Ratings for Popular Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Popular and related companies with MarketBeat.com's FREE daily email newsletter .
Vance Takes on a More Visible Transition Role, Working to Boost Trump's Most Contentious PicksISLAMABAD: The World Population Review (WPR) has ranked Pakistan 198th globally in internet speed rankings, below Palestine, Bhutan, Ghana, Iraq, Iran, Lebanon, and Libya in internet speed. According to WPR’s recent report, the average mobile internet download speed in Pakistan is 19.59 Mbps, while broadband internet averages 15.52 Mbps. It said the United Arab Emirates (UAE) leads globally in both mobile and broadband internet speed, followed by Singapore in mobile internet and Qatar in broadband speed. Hong Kong and Chile rank third and fourth in mobile internet speed, respectively. The report anticipates improvements in internet speed with advancements in technology. Chairman of the Pakistan Software Houses Association (P@SHA), Sajjad Mustafa Syed, has stated that the current internet speed issues are expected to be resolved within a three-month timeframe, amidst concerns that the implementation of a firewall may cause connectivity problems. He remarked, “If a message is being sent via WhatsApp but images are not transmitting, it may indicate that monitoring is taking place.” Users in various regions of Pakistan are experiencing intermittent internet outages and reduced speeds, which hinder their ability to browse, download, and share media effectively. Reports suggest that both Wi-Fi and mobile data services are suffering from significant slowdowns, rendering it extremely difficult for users to send or receive media files, including images, videos, and voice notes on widely used platforms like WhatsApp. Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );
Toyota to invest $922 million to build a new paint facility at its Kentucky complexBiden is again pushing to forgive billions of dollars in students loans despite the Supreme Court's ruling that he cannot do it. But why can't students pay back the loans they asked for, once they graduate and get jobs in the real world? Maybe the cost of living under Biden, coupled with making student loan payments, exceeds the money they make from the jobs they got after graduating. If so, why can't students find good jobs based on their college education? The problem is that universities no longer educate. They are fermentation tanks for social activism and indoctrination instead of learning and functional capability. We no longer hear about excellence in academics from our universities. Instead, the news is all about student protests, DEI initiatives, and examples of blatant plagiarism, none of which promotes educational excellence and academic capability. Maybe the time has come to clear the distractions and return to an environment of learning and holding both faculties and students accountable. Loran Hancock Northwest side Disclaimer: As submitted to the Arizona Daily Star. Follow these steps to easily submit a letter to the editor or guest opinion to the Arizona Daily Star. Respond: Write a letter to the editor | Write a guest opinion Subscribe to stay connected to Tucson. A subscription helps you access more of the local stories that keep you connected to the community. Catch the latest in Opinion Get opinion pieces, letters and editorials sent directly to your inbox weekly!