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HPE Earnings Beat As Quarterly AI Server Revenue Hits $1.5 Billion
‘Energy very good’: India’s bold claimGovCIO Named to Inc.'s 2024 Best in Business List in Government Services, Veteran SupportFormer Turkish Super Lig champions Trabzonspor are interested in Super Eagles defender Bruno Onyemaechi, Soccernet.ng reports. Trabzonspor have failed to make an impact in the Super Lig after they won the title two years ago. In fact, they have had consecutive third and fifth finishes in the Super Lig. However, they have been quite busy in the transfer market in the past year, in their bid to push the league’s big boys Fenerbahce and Galatasaray for the league. Trabzonspor are looking to bolster their left-back position. And according to Furkan Celik , they have their sights set on signing Nigeria’s Bruno Onyemaechi from Portuguese side Boavista. The 25-year-old defender has been a constant fixture in Boavista’s backline for the past two seasons. This season, he has played in all eleven of their Liga Portugal games. Onyemaechi is currently valued at €3 million, a fee which Boavista could easily afford. The Nigerian defender might be interested in making the transfer, as it an obvious step up. He has spent all of his professional career in Portugal, featuring for Feirense previously. So it will be an entire change for him. Onyemaechi made his debut for Nigeria in 2023, when the team was still under the tutelage of Jose Peseiro, and he has racked up six caps.
Massachusetts ex-senator who seeks pardon from Trump wanted 'post-trial contact with jurors'Vance leads GOP charge escalating challenge to campaign finance limits to Supreme Court
Five leaders of Mohila Awami League have been arrested in a case filed over the attacks on Anti-Discrimination Student Movement at Pallabi in the capital. They were arrested conducting raids on Friday night. The arrested were Pallabi Thana's Ward No. 6 Mohila Awami League general secretary Sabina Yasmin Juthi, organizing secretary Rita Aktere, vice-president Nazma Akter Sathi, assistant organizing secretary Khadija Begum and ward Mohila Awami League leader Bably Begum. Pallabi Police Station sources said in the afternoon of August 4 last, student Md Abid joined the movement along with students and people in front of Popular-2 Diagnostic Centre at Mirpur Section 10. Leaders of different levels of Awami League and its front organisations launched attacks on students and people with local arms and pistols. At that time, Abid was seriously injured when a bullet hit on his right eye. He was given treatment at the National Opthalmogy Institute and Hospital. In connection with the incident, the injured Abid's brother Jinnat Saidee filed a case with Pallabi Police Station on November 12. After examining CCTV footage, police arrested Sabina Yasmin Juthi, Rita Akter, Nazma Akter Sathi and Khadija Begum with the help of information technology. END/SZA
LAS VEGAS (AP) — The Broncos are 0-4 in Las Vegas, but in a matchup of teams heading in opposite directions, Denver has more at stake than trying to end a series skid. A victory over the Raiders puts the Broncos that much closer to an unexpected playoff berth, playing with a rookie quarterback and just a year after they went 8-9. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
The sports broadcasting world has lost one of its most respected and indelible figures. Longtime CBS Sports anchor and play-by-play announcer Greg Gumbel has died at the age of 78 , with his wife and daughter confirming the news Friday. “He passed away peacefully surrounded by much love after a courageous battle with cancer,” Marcy and Michelle Gumbel said in a statement . “Greg approached his illness like one would expect he would, with stoicism, grace, and positivity. He leaves behind a legacy of love, inspiration and dedication to over 50 extraordinary years in the sports broadcast industry; and his iconic voice will never be forgotten. Greg's memory will forever be treasured by his family, dearest friends, colleagues and all who loved him.” REQUIRED READING: Longtime CBS Sports broadcaster Greg Gumbel dies at 78 after battle with cancer The older brother of Bryant Gumbel, Gumbel was a beloved figure over the course of his 52-year broadcasting career, someone whose mere on-screen presence was associated with some of the biggest events in sports. He became synonymous with the NCAA men’s basketball tournament, particularly its selection show, and had a lengthy run as an NFL play-by-play broadcaster. In 2001, he became the first Black man to do play-by-play for a major American sports championship when he called Super Bowl 35. As news of Gumbel’s death spread, outpourings of emotion and support flooded social media, with many fondly recalling his career and the impact it had on them. Here’s a sampling of the social media reaction to Gumbel’s passing: Social media pays tribute to Greg GumbelNEW YORK (AP) — U.S. stocks are rising toward records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. The S&P 500 climbed 0.5% and was on track to top its all-time high set a couple weeks ago. The Dow Jones Industrial Average added 81 points, or 0.2%, to its own record set the day before, while the Nasdaq composite was 0.5% higher, with less than an hour remaining in trading. Stock markets abroad were down, but mostly only modestly, after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada's main index edged down by just 0.1%. Trump has often praised the use of tariffs , but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. General Motors sank 8.2%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.9%. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun easing its main interest rate from a two-decade high a couple months ago to offer support to the job market . While lower interest rates can boost the overall economy and prices for investments, they can also offer more fuel for inflation. “Many” officials at the Fed's last meeting earlier this month said they should lower rates gradually, according to minutes of the meeting released Tuesday afternoon. Unlike tariffs in Trump's first term, his proposal from Monday night would affect products across the board. Trump’s tariff talk came almost immediately after U.S. stocks rose Monday amid excitement about his pick for Treasury secretary, Scott Bessent. The hope was the hedge-fund manager could steer Trump away from policies that balloon the U.S. government deficit, which is how much more it spends than it takes in through taxes and other revenue. The talk about tariffs overshadowed another set of mixed profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates instituted by the Fed to get inflation under control. Kohl’s tumbled 17.6% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. Best Buy fell 4.7% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. A report on Tuesday from the Conference Board said confidence among U.S. consumers improved in November, but not by as much as economists expected. J.M. Smucker jumped 5.4% for one of the biggest gains in the S&P 500 after topping analysts' expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. Big Tech stocks also helped prop up U.S. indexes. Gains of 2.8% for Amazon and 2% for Microsoft were the two strongest forces lifting the S&P 500. In the bond market, Treasury yields rose following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury climbed to 4.30% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after topping $99,000 for the first time late last week. It's since dipped back toward $91,600, according to CoinDesk. It’s a sharp turnaround from the bonanza that initially took over the crypto market following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. AP Business Writer Elaine Kurtenbach contributed. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Get the latest local business news delivered FREE to your inbox weekly.
STAMFORD, Conn., Dec. 05, 2024 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) ("Lovesac” or the "Company”), the Designed for Life home and technology brand, today announced that it will release its financial results for the third quarter of fiscal 2025 before market open on Thursday, December 12, 2024. The Company will host a conference call at 8:30 a.m. Eastern Time to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 877-407-3982 (international callers please dial 201-493-6780) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at investor.lovesac.com. A recorded replay of the conference call will be available within two hours of the conclusion of the call and can be accessed online at investor.lovesac.com for 90 days. About The Lovesac Company Based in Stamford, Connecticut, The Lovesac Company (NASDAQ: LOVE) is a technology driven company that designs, manufactures and sells unique, high-quality furniture derived through its proprietary Designed for Life approach which results in products that are built to last a lifetime and designed to evolve as customers' lives do. The current product offering is comprised of modular couches called Sactionals, premium foam beanbag chairs called Sacs, the Sactionals StealthTech Sound + Charge System, and the most recently launched PillowSacTM Accent Chair. As a recipient of Repreve's 7th Annual Champions of Sustainability Award, responsible production and innovation are at the center of the brand's design philosophy with products protected by a robust portfolio of utility patents. Products are marketed and sold primarily online directly at www.lovesac.com, supported by direct-to-consumer touch points in the form of our own showrooms, as well as through shop-in-shops and pop-up-shops with third party retailers. LOVESAC, DESIGNED FOR LIFE, SACTIONALS, SAC, SEAT, and STEALTHTECH are trademarks of The Lovesac Company and are Registered in the U.S. Patent and Trademark Office. Investor Relations Contacts: Caitlin Churchill, ICR (203) 682-8200 [email protected]Virtual Data Room Expansion: From USD 1.7B in 2022 to USD 7.57B by 2031, at 18.2%.
In the hours leading up to the Cabinet meeting, Israel carried out its most intense wave of strikes in Beirut and its southern suburbs and issued a record number of evacuation warnings. At least 24 people were killed in strikes across the country, according to local authorities, as Israel signaled it aims to keep pummeling Hezbollah in the final hours before any ceasefire takes hold. Israel's security Cabinet approved the ceasefire agreement late Tuesday after it was presented by Prime Minister Benjamin Netanyahu, his office said. U.S. President Joe Biden, speaking in Washington, called the agreement “good news” and said his administration would make a renewed push for a ceasefire in Gaza. An Israel-Hezbollah ceasefire would mark the first major step toward ending the regionwide unrest triggered by Hamas’ attack on Israel on Oct. 7, 2023. But it does not address the devastating war in Gaza. U.S. President-elect Donald Trump has vowed to bring peace to the Middle East, but neither he nor Netanyahu have proposed a postwar solution for the Palestinian territory, where Hamas is still holding dozens of hostages and the conflict is more intractable. Still, any halt to the fighting in Lebanon is expected to reduce the likelihood of war between Israel and Iran, which backs both Hezbollah and Hamas and exchanged direct fire with Israel on two occasions earlier this year. Netanyahu presented the ceasefire proposal to Cabinet ministers after a televised address in which he listed a series of accomplishments against Israel’s enemies across the region. He said a ceasefire with Hezbollah would further isolate Hamas in Gaza and allow Israel to focus on its main enemy, Iran, which backs both groups. “If Hezbollah breaks the agreement and tries to rearm, we will attack,” he said. “For every violation, we will attack with might.” Netanyahu's office later said Israel appreciated the U.S. efforts in securing the deal but "reserves the right to act against every threat to its security.” It was not immediately clear when the ceasefire would go into effect, and the exact terms of the deal were not released. The deal calls for a two-month initial halt in fighting and would require Hezbollah to end its armed presence in a broad swath of southern Lebanon, while Israeli troops would return to their side of the border. Thousands of additional Lebanese troops and U.N. peacekeepers would deploy in the south, and an international panel headed by the United States would monitor all sides’ compliance. But implementation remains a major question mark. Israel has demanded the right to act should Hezbollah violate its obligations. Lebanese officials have rejected writing that into the proposal. Biden said Israel reserved the right to quickly resume operations in Lebanon if Hezbollah breaks the terms of the truce, but that the deal "was designed to be a permanent cessation of hostilities.” Hezbollah has said it accepts the proposal, but a senior official with the group said Tuesday that it had not seen the agreement in its final form. “After reviewing the agreement signed by the enemy government, we will see if there is a match between what we stated and what was agreed upon by the Lebanese officials,” Mahmoud Qamati, deputy chair of Hezbollah’s political council, told the Al Jazeera news network. “We want an end to the aggression, of course, but not at the expense of the sovereignty of the state.” of Lebanon, he said. “Any violation of sovereignty is refused.” Even as Israeli, U.S, Lebanese and international officials have expressed growing optimism over a ceasefire, Israel has continued its campaign in Lebanon, which it says aims to cripple Hezbollah’s military capabilities. An Israeli strike on Tuesday leveled a residential building in the central Beirut district of Basta — the second time in recent days warplanes have hit the crowded area near the city’s downtown. At least seven people were killed and 37 wounded, according to Lebanon's Health Ministry. Strikes on Beirut's southern suburbs killed at least one person and wounded 13, it said. Three people were killed in a separate strike in Beirut and three in a strike on a Palestinian refugee camp in southern Lebanon. Lebanese state media said another 10 people were killed in the eastern Baalbek province. Israel says it targets Hezbollah fighters and their infrastructure. Israel also struck a building in Beirut's bustling commercial district of Hamra for the first time, hitting a site that is around 400 meters (yards) from Lebanon’s Central Bank. There were no reports of casualties. The Israeli military said it struck targets in Beirut and other areas linked to Hezbollah's financial arm. The evacuation warnings covered many areas, including parts of Beirut that previously have not been targeted. The warnings, coupled with fear that Israel was ratcheting up attacks before a ceasefire, sent residents fleeing. Traffic was gridlocked, and some cars had mattresses tied to them. Dozens of people, some wearing their pajamas, gathered in a central square, huddling under blankets or standing around fires as Israeli drones buzzed loudly overhead. Hezbollah, meanwhile, kept up its rocket fire, triggering air raid sirens across northern Israel. Israeli military spokesman Avichay Adraee issued evacuation warnings for 20 buildings in Beirut's southern suburbs, where Hezbollah has a major presence, as well as a warning for the southern town of Naqoura where the U.N. peacekeeping mission, UNIFIL, is headquartered. UNIFIL spokesperson Andrea Tenenti told The Associated Press that peacekeepers will not evacuate. The Israeli military also said its ground troops clashed with Hezbollah forces and destroyed rocket launchers in the Slouqi area on the eastern end of the Litani River, a few kilometers (miles) from the Israeli border. Under the ceasefire deal, Hezbollah would be required to move its forces north of the Litani, which in some places is about 30 kilometers (20 miles) north of the border. Hezbollah began firing into northern Israel, saying it was showing support for the Palestinians, a day after Hamas carried out its Oct. 7, 2023, attack on southern Israel, triggering the Gaza war. Israel returned fire on Hezbollah, and the two sides have been exchanging barrages ever since. Israel escalated its campaign of bombardment in mid-September and later sent troops into Lebanon, vowing to put an end to Hezbollah fire so tens of thousands of evacuated Israelis could return to their homes. More than 3,760 people have been killed by Israeli fire in Lebanon the past 13 months, many of them civilians, according to Lebanese health officials. The bombardment has driven 1.2 million people from their homes. Israel says it has killed more than 2,000 Hezbollah members. Hezbollah fire has forced some 50,000 Israelis to evacuate in the country’s north, and its rockets have reached as far south in Israel as Tel Aviv. At least 75 people have been killed, more than half of them civilians. More than 50 Israeli soldiers have died in the ground offensive in Lebanon. Chehayeb and Mroue reported from Beirut. Associated Press reporters Lujain Jo and Sally Abou AlJoud in Beirut contributed. Find more of AP’s war coverage at https://apnews.com/hub/israel-hamas-warApartment Investment and Management (NYSE:AIV) Shares Bought by Algert Global LLC
Algert Global LLC grew its position in shares of StoneX Group Inc. ( NASDAQ:SNEX – Free Report ) by 25.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,389 shares of the company’s stock after acquiring an additional 1,910 shares during the period. Algert Global LLC’s holdings in StoneX Group were worth $769,000 as of its most recent SEC filing. Other large investors have also made changes to their positions in the company. Quest Partners LLC raised its position in StoneX Group by 9,133.3% during the second quarter. Quest Partners LLC now owns 554 shares of the company’s stock valued at $42,000 after acquiring an additional 548 shares in the last quarter. Huntington National Bank increased its stake in shares of StoneX Group by 1,906.9% during the 3rd quarter. Huntington National Bank now owns 582 shares of the company’s stock worth $48,000 after purchasing an additional 553 shares during the last quarter. nVerses Capital LLC bought a new position in shares of StoneX Group during the 2nd quarter valued at $68,000. Evergreen Capital Management LLC acquired a new stake in shares of StoneX Group in the 2nd quarter valued at $201,000. Finally, Sawgrass Asset Management LLC bought a new stake in StoneX Group in the second quarter worth $211,000. Institutional investors own 75.93% of the company’s stock. StoneX Group Price Performance NASDAQ SNEX opened at $103.76 on Friday. StoneX Group Inc. has a fifty-two week low of $60.38 and a fifty-two week high of $106.77. The stock’s 50-day moving average is $91.00 and its two-hundred day moving average is $82.02. The firm has a market cap of $3.30 billion, a P/E ratio of 13.04 and a beta of 0.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.80 and a quick ratio of 1.30. Insider Activity StoneX Group Company Profile ( Free Report ) StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services. Featured Articles Want to see what other hedge funds are holding SNEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for StoneX Group Inc. ( NASDAQ:SNEX – Free Report ). Receive News & Ratings for StoneX Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StoneX Group and related companies with MarketBeat.com's FREE daily email newsletter .Livestock: Senate eyes investment to sector, end to Farmer/Herder conflictsAlexander C. Karp Sells 1,007,496 Shares of Palantir Technologies Inc. (NYSE:PLTR) Stock
Parsons Selected as Lead Designer for Newark AirTrain Replacement ProgramThe Nasdaq Composite has been on fire over the past couple of years, driven higher by the advent of artificial intelligence (AI), improving economic conditions, an uncontested election, and the Federal Reserve Bank's recent moves to cut interest rates. After returning 43% in 2023, the tech-centric index is up roughly 30% in 2024. History suggests the rally will likely continue into 2025. The current bull market began on Oct. 12, 2022, and while every rally is different, history can provide important context. Bull markets last more than five years, on average. Since the current rally just entered its third year, there's a strong likelihood the Nasdaq will continue to gain ground next year. It's also worth noting that the Nasdaq has generated gains 73% of the time, dating back 53 years, so history is on the side of investors. Finally, the Nasdaq has jumped 12%, on average, in years following positive gains, which suggests there's additional upside ahead. Furthermore, there's been a resurgence in the popularity of stock splits over the past few years. As a result, investors are taking a renewed interest in companies that split their shares, as this is historically preceded by years of robust sales and profit growth. One such company is Nvidia ( NVDA -1.81% ) . The stock has gained 26,920% over the past decade (as of this writing), prompting management to initiate a 10-for-1 stock split earlier this year -- after a 4-for-1 split in 2021. Despite its recent run-up, there's reason to believe that Nvidia's growth spurt will continue into 2025. Read on to find out why. Underpinning the AI revolution The adoption of generative AI has spread like wildfire over the past two years as businesses are eager to share in the productivity increases promised by these advanced algorithms. Generative AI has proven adept at drafting and summarizing emails, searching and abbreviating content, mining data, generating original content, and writing computer code -- and new applications are being discovered every day. Automating and streamlining tasks saves users time and money, driving new users to adopt AI. Nvidia pioneered the graphics processing units (GPUs) that make this all possible. These specialized chips provide the sheer number-crunching capability that brought AI to life. The secret lies in parallel processing or breaking up computer-intensive jobs into smaller, more manageable bits. Nvidia first developed these chips to render lifelike images in video games but soon discovered other applications for this breakthrough technology, including data centers, high-performance computing (HPC), and machine learning -- an earlier branch of AI. The vast majority of AI processing is done in the cloud and in data centers, another factor that directly benefits Nvidia. The company controls as much as 98% of the data center GPU market, according to semiconductor analyst firm TechInsights. As evidenced by its entrenched position, Nvidia has become the gold standard for AI processing. There's always talk of ramping up competition, but thus far, Nvidia remains the king of the hill. Paint by numbers To understand the magnitude of Nvidia's rise, a look at its financial results is in order. After generating triple-digit sales and profit gains last year, the company's impressive win streak continues. During its fiscal 2025 third quarter (ended Oct. 27), Nvidia delivered record revenue of $35.1 billion, up 94% year over year. It also delivered earnings per share (EPS) of $0.78, up 111%. For context, the company generated more sales in one quarter than it produced for all of fiscal 2022. The biggest contributor to its success was the company's data center segment, which includes cloud computing, data center, and AI chips, and grew 112% year over year to $30.8 billion. Wall Street expects Nvidia's growth streak to continue. For its fiscal 2026 (which begins in late January), consensus estimates are calling for revenue of $195 billion, which would represent a year-over-year increase of 51%. However, the highest estimate clocks in at more than $269 billion, which would represent growth of more than 100%. Wall Street is notorious for underestimating Nvidia's growth, so the reality is likely somewhere in between. The future's so bright, I gotta wear shades Nvidia will begin shipping its next-generation Blackwell platform later this year, and by all accounts, the company has another market leader on its hands. Bank of America analyst Vivek Arya contends that investors continue to underestimate the magnitude of the demand for Blackwell, which he believes will be outselling Nvidia's Hopper chips within two to three quarters. There's also a big disconnect between Nvidia's addressable market and how investors perceive it: The analyst goes on to say that Nvidia bundles its software with these myriad systems. All these opportunities, taken together, help illustrate why Nvidia's addressable market continues to expand. Yet, for all that opportunity -- and despite its 183% gains so far this year -- Nvidia is still attractively priced. Wall Street believes Nvidia will generate EPS of $4.42 in fiscal 2026 (which begins in January). That means the stock is currently selling for roughly 32 times forward earnings (as of this writing), which is remarkably cheap in light of the opportunity. If I could buy just one stock-split stock heading into 2025, it would have to be Nvidia.When it comes to investing, especially for long-term stock investors, it is important to buy high-quality stocks at great valuations. In today's video, I will discuss three stocks that appear cheap and could be good stock buys in December 2024 heading into 2025. One of those stocks that has pulled back a little and is the cheapest among the "Magnificent Seven" stocks is Alphabet ( GOOGL 1.20% ) ( GOOG 1.25% ) . Watch this short video to learn more, consider subscribing to the channel, and check out the special offer in the link below. *Stock prices used were end-of-day prices of Nov. 29, 2024. The video was published on Nov. 30, 2024.
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