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Nasdaq short interest down 0.8% in late NovemberTrump names Andrew Ferguson as head of Federal Trade Commission to replace Lina Khan WASHINGTON (AP) — President-elect Donald Trump has named Andrew Ferguson to be the next chair of the Federal Trade Commission. Ferguson is already one of the FTC's five commissioners. He will replace Lina Khan, who became a lightning rod for Wall Street and Silicon Valley by blocking billions of dollars’ worth of corporate acquisitions and suing Amazon and Meta while alleging anticompetitive behavior. Trump wrote on Truth Social on Tuesday evening that Ferguson has “a proven record of standing up to Big Tech censorship, and protecting Freedom of Speech in our Great Country.” The replacement of Khan likely means that the FTC will operate with a lighter touch when it comes to antitrust enforcement. Proposed merger of Kroger and Albertsons is halted by federal, state judges The proposed $24.6 billion merger between supermarket giants Kroger and Albertsons floundered on Tuesday after judges overseeing two separate cases both halted the merger. A federal judge in Oregon temporarily blocked the proposed merger until an in-house administrative judge at the Federal Trade Commission considers it. Shortly afterward, a judge in Washington state issued a permanent injunction barring the merger in that state, saying it lessens competition. Kroger and Albertsons in 2022 proposed what would be the largest grocery store merger in U.S. history. But the Federal Trade Commission and the state of Washington sued earlier this year. Kroger and Albertsons said Tuesday they are disappointed in the decisions and are reviewing their options. Biden says he was 'stupid' not to put his name on pandemic relief checks like Trump did WASHINGTON (AP) — President Joe Biden says he was “stupid” not to put his own name on pandemic relief checks in 2021, like Donald Trump had done in 2020. He noted Tuesday in a speech at the Brookings Institution that Trump likely got credit for helping people out through this simple, effective act of branding. Biden did the second-guessing as he defended his economic record and challenged Trump to preserve Democratic policy ideas when he returns to the White House next month. Trump’s decision to add his name to the checks sent by the U.S. Treasury to millions of Americans struggling during the coronavirus marked the first time a president’s name appeared on any IRS payments. Former chairman of state-owned bank China Everbright Group jailed for 12 years for corruption BEIJING (AP) — Chinese official broadcaster CCTV says a former chairman of the state-owned bank China Everbright Group has been jailed 12 years for embezzlement and bribery. Tang Shuangning, who had also held senior posts at the People’s Bank of China and the China Banking Regulatory Commission, was arrested in January, part of a wider wave of prosecutions of senior officials accused of financial crimes. A court in the city of Tangshan, about 100 miles east of Beijing, found him guilty of taking advantage of his position at the state-owned bank in “seeking convenience for others” in jobs and loans, in exchange for illegal payments. The court said he had accepted illegal property with a total value of more than $1.5 million. Trustee over Infowars auction asks court to approve The Onion's winning bid A trustee who oversaw the bankruptcy auction of Alex Jones’ Infowars is asking a judge to approve The Onion’s winning bid for the conspiracy-filled platform. Trustee Christopher Murray took the stand Tuesday in the second day of testimony at a hearing where a judge is scrutinizing the satirical news outlet’s winning offer. He told U.S. Bankruptcy Judge Christopher Lopez in Houston that he was there asking a court to approve the sale of Infowars’ parent company to The Onion’s parent company. It is not clear how quickly Lopez will rule. The Onion wants to turn Infowars’ website and social media accounts into parodies. GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit DETROIT (AP) — General Motors says it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit. Instead the Detroit automaker will focus on development of partially automated driver-assist systems like its Super Cruise, which allows drivers to take their hands off the steering wheel. In a statement Tuesday, GM said it would get out of robotaxis due to what it described as the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market. What did you Google in 2024? From the elections to Copa América, here's what search trends show NEW YORK (AP) — Remember what you searched for in 2024? Google does. Google has released its annual “Year in Search," rounding up 2024's top trending searches. It shows terms that saw the highest spike in traffic compared to last year. Sports — particularly soccer and cricket — dominated overall search trends, led by queries for Copa América, the UEFA European Championship and ICC Men’s T20 World Cup. Meanwhile, the U.S. election led news-specific searches worldwide. Queries about excessive heat and this year’s Olympic Games followed. U.S. President-elect Donald Trump topped searches in Google’s people category this year — followed by Catherine, Princess of Wales, U.S. Vice President Kamala Harris and Algerian boxer Imane Khelif. US defense secretary in Japan to support alliance as Osprey aircraft safety causes concern TOKYO (AP) — U.S. Defense Secretary Lloyd Austin has met with officials in Japan to reaffirm the importance of their alliance and Washington's commitment to regional security as threats rise from China and North Korea. Austin’s visit on Tuesday also came amid growing concerns over the safety of Ospreys. The military aircraft have been grounded in the United States following a near crash at Cannon Air Force Base in New Mexico last month. The incident was caused by weakened metal components. It was similar to a fatal crash off southwestern Japan last year. The U.S. measure prompted the suspension of Ospreys operated by Japan’s Ground Self-Defense Force. Small businesses plan events, start marketing earlier to deal with shorter holiday shopping season The holiday shopping season is underway, and this year small businesses have less time to capitalize on the busy shopping period. Only 27 days separate Thanksgiving and Christmas — five fewer than last year. But there are still ways to make the most of a shorter season. One key strategy is for owners to promote deals to customers wherever they can, from social media to physical ads. The National Retail Federation predicts that retail sales will rise between 2.5% and 3.5% compared with same period a year ago. Online shopping is expected to grow too. Adobe Digital Insights predicts an 8.4% increase online for the full season. 10 notable books of 2024, from Sarah J. Maas to Melania Trump NEW YORK (AP) — Even through a year of nonstop news about elections, climate change, protests and the price of eggs, Americans still found time to read. Sales held steady according to Circana, which tracks around 85% of the print market. Many chose the release of romance, fantasy and romantasy. Some picked up the tie-in book to Taylor Swift’s blockbuster tour, which had the best opening week of 2024. Others sought out literary fiction, celebrity memoirs, political exposes and a close and painful look at a generation hooked on smartphones.
Israel has agreed to a ceasefire with Hezbollah in Lebanon that will take effect at 4 a.m. Wednesday. Moments after U.S. President Joe Biden announced the ceasefire deal , which Israel's Cabinet approved late Tuesday, an Israeli airstrike slammed into the Lebanese capital. Residents of Beirut and its southern suburbs have endured the most intense day of Israeli strikes since the war began nearly 14 months ago, as Israel's nationwide onslaught of bombings signaled it aims to keep pummeling Hezbollah before the ceasefire is set to take hold. At least 42 people have killed by Israeli strikes across Lebanon on Tuesday, according to local authorities. Hezbollah also fired rockets into Israel on Tuesday, triggering air raid sirens in the country’s north. 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. Hezbollah began attacking Israel a day after Hamas’ attack. The fighting in Lebanon escalated into all-out war in September with massive Israeli airstrikes across the country and an Israeli ground invasion of the south. In Gaza, more than 44,000 people have been killed and more than 104,000 wounded in the nearly 14-month war between Israel and Hamas, according to Gaza’s Health Ministry. Here's the Latest: BEIRUT — The Health Ministry in Lebanon says 18 more people have been killed by Israeli airstrikes across the country, bringing the total death toll on Tuesday to at least 42 people. Eleven people were killed by Israeli bombing in eastern Lebanon, four were killed by strikes on border crossings between northern Lebanon and Syria, and three people were killed in southern Lebanon, the Health Ministry said early Wednesday. In the hours before a ceasefire with Hezbollah was to take effect, Israel launched its most intense wave of strikes on the capital Beirut and its southern suburbs since the start of the conflict. Strikes have targeted what Israel said were Hezbollah-related targets in several other parts of the country as well. Israel’s military issued a record number of evacuation warnings in Beirut, sending people fleeing from their homes. Hezbollah also fired rockets into Israel on Tuesday, triggering air raid sirens across the country’s north. UNITED NATIONS – The United Nations chief welcomes the announcement of a ceasefire in Lebanon between Israel and Hezbollah, and hopes it can end the violence and suffering of people in both countries, the U.N. spokesman says. Secretary-General Antonio Guterres urged Israel and Hezbollah to swiftly implement all commitments under the agreement, and take immediate steps toward fully implementing the 2006 U.N. Security Council resolution that ended the last Israel-Hezbollah war, spokesman Stephane Dujarric said late Tuesday. Resolution 1701 called for the deployment of Lebanese forces throughout the south, which borders Israel and is now mainly controlled by Hezbollah, and it calls for all armed groups including Hezbollah to be disarmed. Neither has happened in the past 17 years. Dujarric said U.N. Special Coordinator for Lebanon Jeanine Hennis-Plasschaert and the U.N. peacekeeping force in southern Lebanon “both stand ready to support the implementation of this agreement, in line with their respective mandates.” WASHINGTON — President-elect Donald Trump’s senior national security team was briefed by the Biden administration as negotiations unfolded, according to the senior U.S. official. The official, who spoke to reporters on the condition of anonymity in a White House-organized call, added that the incoming Trump administration officials were not directly involved in the talks, but that it was important that the incoming administration knew “what we were negotiating and what the commitments were.” The official said “all fire will stop from all parties” at 4 a.m. local time. The next step would be what the official described as a “phased withdrawal” by the Israeli military. As the Israelis pull back, Lebanese national forces will occupy the territories. The process is slated to finish within 60 days. Lebanese forces is supposed to patrol the area and remove Hezbollah weaponry and infrastructure there. “Hezbollah is incredibly weak at this moment, both militarily and politically,” the official said. “And this is the opportunity for Lebanon to re-establish its sovereignty over its territory.” The official said the ceasefire agreement will strengthen what’s known as the “tripartite mechanism” by including the United States and France. The goal is to address violations of the ceasefire without a return to hostilities. UNITED NATIONS – The top U.N. envoy for Lebanon welcomed the ceasefire announcement and urged Israel and Hezbollah militants to take concrete actions to fully implement the 2006 agreement that ended their last war. U.N. Special Coordinator Jeanine Hennis-Plasschaert said the agreement “marks the starting point of a critical process” that must see both sides fully implement U.N. Security Council resolution 1701. It called for the deployment of Lebanese armed forces in the south bordering Israel and the disarmament of all armed groups including Hezbollah – neither of which has happened in the past 17 years. “Nothing less than the full and unwavering commitment of both parties is required,” Hennis-Plasschaert said. “Neither side can afford another period of disingenuous implementation under the guise of ostensible calm.” She commended the parties for “seizing the opportunity to close this devastating chapter,” stressing that “Now is the time to deliver, through concrete actions, to consolidate today’s achievement.” UNITED NATIONS — Palestinian President Mahmoud Abbas is calling for urgent international intervention to stop what he described as “an ongoing genocidal war” in Gaza. Abbas heads the Palestinian Authority which has limited self-rule in the Israeli-occupied West Bank, but not Gaza, which has been controlled by Hamas. The U.S. and others want a reinvigorated Palestinian Authority to run Gaza when the war ends. In a speech on the International Day of Solidarity with the Palestinian People, Abbas accused Israel of repeating what happened to the Palestinians in 1948 and 1967 – displacing them and seizing their land and resources. Abbas demanded to know how long the world will remain silent and refuse to compel Israel to abide by international law. The speech to U.N. member nations was read by Palestinian U.N. ambassador Riyad Mansour. “The only way to halt the halt the dangerous escalation we are witnessing in the region, and maintain regional and international stability, security and peace, is to resolve the question of Palestine,” Abbas' speech said. This must be done in accordance with U.N. Security Council resolutions which call for a two-state solution, he said. BEIRUT -- Lebanon’s Prime Minister Najib Mikati welcomed the U.S.-brokered ceasefire proposal between Israel and Hezbollah, describing it as a crucial step toward stability, the return of displaced people to their homes and regional calm. Mikati made these comments in a statement issued just after U.S. President Joe announced the truce deal. Mikati said he discussed the ceasefire agreement with Biden by phone earlier Tuesday. The prime minister reaffirmed Lebanon’s commitment to implementing U.N. resolution 1701, strengthening the Lebanese army’s presence in the south, and cooperating with the U.N. peacekeeping force. He also called on Israel to fully comply with the ceasefire and withdraw from southern Lebanon in accordance the U.N. resolution. JERUSALEM — Prime Minister Benjamin Netanyahu’s security Cabinet has approved a ceasefire deal with Hezbollah, clearing the way for the truce to take effect. Netanyahu’s office said the plan was approved by a 10-1 margin. The late-night vote came shortly before President Joe Biden was expected to announced details of the deal in Washington. Earlier, Netanyahu defended the ceasefire, saying Israel has inflicted heavy damage on Hezbollah and could now focus its efforts on Hamas militants in Gaza and his top security concern, Iran. Netanyahu vowed to strike Hezbollah hard if it violates the expected deal. WASHINGTON — Rep. Mike Waltz, President-elect Donald Trump’s designate to be national security adviser, credited Trump’s victory with helping bring the parties together toward a ceasefire in Lebanon. “Everyone is coming to the table because of President Trump,” he said in a post on X on Tuesday. “His resounding victory sent a clear message to the rest of the world that chaos won’t be tolerated. I’m glad to see concrete steps towards deescalation in the Middle East.” He added: “But let’s be clear: The Iran Regime is the root cause of the chaos & terror that has been unleashed across the region. We will not tolerate the status quo of their support for terrorism.” BEIRUT — Israeli jets targeted a building in a bustling commercial area of Beirut for the first time since the start of the 13-month war between Hezbollah and Israel. The strike on Hamra is around 400 meters (yards) from the country’s central bank. A separate strike hit the Mar Elias neighborhood in the country’s capital Tuesday. There was no immediate word on casualties from either strike, part of the biggest wave of attacks on the capital since the war started. Residents in central Beirut were seen fleeing after the Israeli army issued evacuation warnings for four targets in the city. Meanwhile, the Israeli army carried out airstrikes on at least 30 targets in Beirut’s southern suburbs Tuesday, including two strikes in the Jnah neighborhood near the Kuwaiti Embassy. Lebanon’s Health Ministry reported that 13 people were injured in the strikes on the southern suburbs. BEIRUT — Hezbollah has said it accepts the ceasefire proposal with Israel, 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.” Among the issues that may remain is an Israeli demand to reserve the right to act should Hezbollah violate its obligations under the emerging deal. The deal seeks to push Hezbollah and Israeli troops out of southern Lebanon. JERUSALEM — Israeli Prime Minister Benjamin Netanyahu said Tuesday that he would recommend his Cabinet adopt a United States-brokered ceasefire agreement with Lebanon’s Hezbollah, as Israeli warplanes struck across Lebanon, killing at least 23 people. The Israeli military also issued a flurry of evacuation warnings — a sign it was aiming to inflict punishment on Hezbollah down to the final moments before any ceasefire takes hold. For the first time in the conflict, Israeli ground troops reached parts of Lebanon’s Litani River, a focal point of the emerging deal. In a televised statement, Netanyahu said he would present the ceasefire to Cabinet ministers later on Tuesday, setting the stage for an end to nearly 14 months of fighting. Netanyahu said the vote was expected later Tuesday. It was not immediately clear when the ceasefire would go into effect, and the exact terms of the deal were not released. The deal does not affect Israel’s war against Hamas in Gaza, which shows no signs of ending. BEIRUT — Lebanon’s state media said Israeli strikes on Tuesday killed at least 10 people in Baalbek province the country’s east. At least three people were killed in the southern city of Tyre when Israel bombed a Palestinian refugee camp, said Mohammed Bikai, a representative of the Fatah group in the area. He said several more people were missing and at least three children were among the wounded. He said the sites struck inside the camp were “completely civilian places” and included a kitchen that was being used to cook food for displaced people. JERUSALEM — Dozens of Israeli protesters took to a major highway in Tel Aviv on Tuesday evening to call for the return of the hostages held by Hamas in Gaza, as the country awaited news of a potential ceasefire in Lebanon between Israel and Hezbollah. Protesters chanted “We are all hostages,” and “Deal now!” waving signs with faces of some of the roughly 100 hostages believed to be still held in Gaza, at least a third of whom are thought to be dead. Most of the other hostages Hamas captured in the Oct. 7, 2023 attack were released during a ceasefire last year. The prospect of a ceasefire deal in Lebanon has raised desperation among the relatives of captives still held in Gaza, who once hoped that the release of hostages from Gaza would be included. Instead of a comprehensive deal, the ceasefire on the table is instead narrowly confined to Lebanon. Dozens of Israelis were also demonstrating against the expected cease-fire, gathering outside Israel’s military headquarters in central Tel Aviv. One of the protesters, Yair Ansbacher, says the deal is merely a return to the failed 2006 U.N. resolution that was meant to uproot Hezbollah from the area. “Of course that didn’t happen,” he says. “This agreement is not worth the paper it is written on.” FIUGGI, Italy — Foreign ministers from the world’s industrialized countries said Tuesday they strongly supported an immediate ceasefire between Israel and Hezbollah and insisted that Israel comply with international law in its ongoing military operations in the region. At the end of their two-day summit, the ministers didn’t refer directly to the International Criminal Court and its recent arrest warrants for Israeli Prime Minister Benjamin Netanyahu and his former defense minister over crimes against humanity . Italy had put the ICC warrants on the official meeting agenda, even though the G7 was split on the issue. The U.S., Israel’s closest ally, isn’t a signatory to the court and has called the warrants “outrageous.” However, the EU’s chief diplomat Josep Borrell said all the other G7 countries were signatories and therefore obliged to respect the warrants. In the end, the final statement adopted by the ministers said Israel, in exercising its right to defend itself, “must fully comply with its obligations under international law in all circumstances, including international humanitarian law.” And it said all G7 members — Canada, France, Germany, Italy, Japan, the United Kingdom and the United States – “reiterate our commitment to international humanitarian law and will comply with our respective obligations.” It stressed that “there can be no equivalence between the terrorist group Hamas and the State of Israel.” The ICC warrants say there's reason to believe Netanyahu used “starvation as a method of warfare” by restricting humanitarian aid and intentionally targeted civilians in Israel’s campaign against Hamas in Gaza — charges Israeli officials deny. BEIRUT — An Israeli strike on Tuesday levelled 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 in Beirut, according to Lebanon’s Health Ministry. It was not immediately clear if anyone in particular was targeted, though Israel says its airstrikes target Hezbollah officials and assets. The Israeli military spokesman issued a flurry of evacuation warnings for many areas, including areas in Beirut that have not been targeted throughout the war, like the capital’s commercial Hamra district, where many people displaced by the war have been staying. The warnings, coupled with fear that Israel was ratcheting up attacks in Lebanon during the final hours before a ceasefire is reached, sparked panic and sent residents fleeing in their cars to safer areas. In areas close to Hamra, families including women and children were seen running away toward the Mediterranean Sea’s beaches carrying their belongings. Traffic was completely gridlocked as people tried to get away, honking their car horns as Israeli drones buzzed loudly overhead. The Israeli military also issued warnings for 20 more buildings in Beirut’s suburbs to evacuate before they too were struck — a sign it was aiming to inflict punishment on Hezbollah in the final moments before any ceasefire takes hold. TEL AVIV, Israel — The independent civilian commission of inquiry into the October 2023 Hamas attack on Israel has found Prime Minister Benjamin Netanyahu directly responsible for the failures leading up to the attack, alongside former defense ministers, the army chief and the heads of the security services. The civil commission presented its findings today after a four-month probe in which it heard some 120 witnesses. It was set up by relatives of victims of the Hamas attack, in response to the absence of any state probe. The commission determined that the Israeli government, its army and security services “failed in their primary mission of protecting the citizens of Israel.” It said Netanyahu was responsible for ignoring “repeated warnings” ahead of Oct. 7, 2023 for what it described as his appeasing approach over the years toward Hamas, and for “undermining all decision-making centers, including the cabinet and the National Security Council, in a way that prevented any serious discussion” on security issues. The commission further determined that the military and defense leaders bear blame for ignoring warnings from within the army, and for reducing the army’s presence along the Gaza border while relying excessively on technological means. On the day of the Hamas attack, the report says, the army’s response was both slow and lacking. The civil commission called for the immediate establishment of a state commission of inquiry into the Oct. 7 attack. Netanyahu has opposed launching a state commission of inquiry, arguing that such an investigation should begin only once the war is over. JERUSALEM -- The Israeli military says its ground troops have reached parts of Lebanon’s Litani River — a focal point of the emerging ceasefire. In a statement Tuesday, the army said it had reached the Wadi Slouqi area in southern Lebanon and clashed with Hezbollah forces. Under a proposed ceasefire, Hezbollah would be required to move its forces north of the Litani, which in some places is some 30 kilometers (20 miles) north of the Israeli border. The military says the clashes with Hezbollah took place on the eastern end of the Litani, just a few kilometers (miles) from the border. It is one of the deepest places Israeli forces have reached in a nearly two-month ground operation. The military says soldiers destroyed rocket launchers and missiles and engaged in “close-quarters combat” with Hezbollah forces. The announcement came hours before Israel’s security Cabinet is expected to approve a ceasefire that would end nearly 14 months of fighting. BEIRUT — Israeli jets Tuesday struck at least six buildings in Beirut’s southern suburbs Tuesday, including one that slammed near the country’s only airport. Large plumes of smoke could be seen around the airport near the Mediterranean coast, which has continued to function despite its location beside the densely populated suburbs where many of Hezbollah’s operations are based. The strikes come hours before Israel’s cabinet was scheduled to meet to discuss a proposal to end the fighting between Israel and Hezbollah. The proposal calls for an initial two-month ceasefire during which Israeli forces would withdraw from Lebanon and Hezbollah would end its armed presence along the southern border south of the Litani River. There were no immediate reports of casualties from Tuesday’s airstrikes. FIUGGI, Italy — EU top diplomat Josep Borrell, whose term ends Dec. 1, said he proposed to the G7 and Arab ministers who joined in talks on Monday that the U.N. Security Council take up a resolution specifically demanding humanitarian assistance reach Palestinians in Gaza, saying deliveries have been completely impeded. “The two-state solution will come later. Everything will come later. But we are talking about weeks or days,” for desperate Palestinians, he said. “Hunger has been used as an arm against people who are completely abandoned.” It was a reference to the main accusation levelled by the International Criminal Court in its arrest warrants against Israeli Prime Minister Benjamin Netanyahu and his former defense minister. Borrell said the signatories to the court, including six of the seven G7 members, are obliged under international law to respect and implement the court’s decisions. Host Italy put the ICC warrants on the G7 agenda at the last minute, but there was no consensus on the wording of how the G7 would respond given the U.S., Israel’s closest ally, has called the warrants “outrageous.” Italy, too, has said it respects the court but expressed concern that the warrants were politically motivated and ill-advised given Netanyahu is necessary for any deal to end the conflicts in Gaza and Lebanon. “Like it or not, the International Criminal Court is a court as powerful as any national court,” Borrell said. “And if the Europeans don’t support International Criminal Court then there would not be any hope for justice,” he said. Borrell, whose term ends Dec. 1, said he proposed to the G7 and Arab ministers who joined in talks on Monday that the U.N. Security Council take up a resolution specifically demanding humanitarian assistance reach Palestinians in Gaza, saying deliveries have been completely impeded. “The two-state solution will come later. Everything will come later. But we are talking about weeks or days,” for desperate Palestinians, he said. “Hunger has been used as an arm against people who are completely abandoned.” It was a reference to the main accusation levelled by the International Criminal Court in its arrest warrants against Israeli Prime Minister Benjamin Netanyahu and his former defense minister. Borrell said the signatories to the court, including six of the seven G7 members, are obliged under international law to respect and implement the court’s decisions. Host Italy put the ICC warrants on the G7 agenda at the last minute, but there was no consensus on the wording of how the G7 would respond given the U.S., Israel’s closest ally, has called the warrants “outrageous.” Italy, too, has said it respects the court but expressed concern that the warrants were politically motivated and ill-advised given Netanyahu is necessary for any deal to end the conflicts in Gaza and Lebanon. “Like it or not, the International Criminal Court is a court as powerful as any national court,” Borrell said. “And if the Europeans don’t support International Criminal Court then there would not be any hope for justice,” he said. (edited)Neulight's IntelliTier: Empowering Educators with Next-Gen EdTech for Personalized Student Support
Franklin Resources Inc. raised its holdings in shares of Frontier Communications Parent, Inc. ( NASDAQ:FYBR – Free Report ) by 0.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,059 shares of the company’s stock after purchasing an additional 372 shares during the period. Franklin Resources Inc.’s holdings in Frontier Communications Parent were worth $1,588,000 at the end of the most recent quarter. A number of other large investors have also made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in shares of Frontier Communications Parent by 24.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,088,749 shares of the company’s stock valued at $211,758,000 after acquiring an additional 1,587,145 shares during the period. Luxor Capital Group LP increased its position in shares of Frontier Communications Parent by 1.6% in the 2nd quarter. Luxor Capital Group LP now owns 2,796,332 shares of the company’s stock valued at $73,208,000 after acquiring an additional 43,542 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Frontier Communications Parent by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,310,952 shares of the company’s stock valued at $82,108,000 after acquiring an additional 109,648 shares during the period. American Century Companies Inc. increased its position in shares of Frontier Communications Parent by 4.1% in the 2nd quarter. American Century Companies Inc. now owns 2,005,937 shares of the company’s stock valued at $52,515,000 after acquiring an additional 79,265 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Frontier Communications Parent by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,874,245 shares of the company’s stock valued at $49,068,000 after acquiring an additional 51,133 shares during the period. Wall Street Analysts Forecast Growth Several equities analysts recently issued reports on the company. Raymond James downgraded Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. downgraded Frontier Communications Parent from an “overweight” rating to a “neutral” rating and upped their target price for the company from $35.00 to $38.50 in a research report on Tuesday, September 17th. TD Cowen downgraded Frontier Communications Parent from a “buy” rating to a “hold” rating and cut their price target for the stock from $39.00 to $38.50 in a research report on Tuesday, October 8th. UBS Group downgraded Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 6th. Finally, Wolfe Research downgraded Frontier Communications Parent from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 30th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $35.31. Frontier Communications Parent Trading Down 0.6 % Shares of Frontier Communications Parent stock opened at $34.64 on Friday. The firm has a market capitalization of $8.63 billion, a PE ratio of -46.19 and a beta of 1.05. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. Frontier Communications Parent, Inc. has a twelve month low of $20.51 and a twelve month high of $39.21. The firm’s 50-day moving average price is $34.96 and its 200 day moving average price is $31.79. Frontier Communications Parent ( NASDAQ:FYBR – Get Free Report ) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.11). The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.46 billion. Frontier Communications Parent had a negative net margin of 3.19% and a negative return on equity of 3.61%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 EPS. On average, sell-side analysts predict that Frontier Communications Parent, Inc. will post -0.83 EPS for the current fiscal year. Insider Transactions at Frontier Communications Parent In other news, EVP John Harrobin sold 23,491 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $34.85, for a total transaction of $818,661.35. Following the completion of the sale, the executive vice president now owns 121,182 shares in the company, valued at $4,223,192.70. This trade represents a 16.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Insiders own 1.40% of the company’s stock. Frontier Communications Parent Company Profile ( Free Report ) Frontier Communications Parent, Inc, together with its subsidiaries, provides communication and technology services in the United States. It offers broadband, video, voice, and other value-added services. The company also provides data and Internet, including broadband networking services; data-based voice over internet protocol, unified communications, long-distance, and voice messaging services; video services under the Frontier TV brand; access services; hardware and network solutions; and packages of services. Featured Articles Receive News & Ratings for Frontier Communications Parent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontier Communications Parent and related companies with MarketBeat.com's FREE daily email newsletter .NEW YORK, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. ("Priority Income Fund” or the "Fund”) announced today that the Fund's Board of Directors has declared monthly cash "base” and "bonus” common shareholder distributions for December 2024, January 2025 and February 2025. The annualized total cash distribution is $1.34016 per share (12.0% annualized rate for Class R and 12.9% annualized rate for Class I), for distributions with record dates between December 10, 2024 and February 5, 2025 based on the current Class R offering price of $11.16 per common share and the current Class I offering price of $10.41 per common share. The cash "base” distribution will have monthly record dates and will be payable monthly to common stockholders of record at the close of business each month. These declared distributions equal a weekly cash amount of $0.02014 per share of common stock (or $0.26182 on a quarterly basis) as follows: "Base” Shareholder Distribution ($ per share) These distributions represent the 132 nd , 133 rd and 134 th consecutive monthly "base” distributions paid by the Fund. The Fund's Board of Directors has also declared new monthly cash "bonus” distributions, as follows: "Bonus” Shareholder Distribution ($ per share) The September, October and November cash "bonus” distributions represents the 51 s t , 52 n d , and 53 rd "bonus” distributions that the Fund has declared, which are now paid monthly starting January 2024. The Fund has paid or declared cumulative cash distributions totaling $15.72 per common share since inception in January 2014 through February 2025. The Fund also announced today the declaration of distributions on shares of the Fund's 7.00% Series D Term Preferred Stock due 2029 ("Series D”), 6.625% Series F Term Preferred Stock due 2027 ("Series F”), 6.000% Series H Term Preferred Stock due 2026 ("Series H”), 6.125% Series I Term Preferred Stock due 2028 ("Series I”), 6.000% Series J Term Preferred Stock due 2028 ("Series J”), 7.000% Series K Cumulative Preferred Stock ("Series K”), and 6.375% Series L Term Preferred Stock due 2029 ("Series L”). Share Distributions shall first be treated as a distribution of taxable investment company income undistributed from the prior year, and then treated as a distribution of taxable investment company income for the current year. This treatment will not affect tax reporting to shareholders. About Priority Income Fund Priority Income Fund, Inc. is a registered closed-end fund that was created to acquire and grow an investment portfolio primarily consisting of senior secured loans or pools of senior secured loans known as collateralized loan obligations ("CLOs"). Such loans will generally have a floating interest rate and include a first lien on the assets of the respective borrowers, which typically are private and public companies based in the United States. The Fund is managed by Priority Senior Secured Income Management, LLC, which is led by a team of investment professionals from the investment and operations team of Prospect Capital Management L.P. For more information, visit https://www.priorityincomefund.com . About Prospect Capital Management L.P. Prospect Capital Management L.P. ("Prospect”), headquartered in New York City, is an SEC-registered investment adviser that, along with its predecessors and affiliates, has more than 30-years of investing in and managing high-yielding debt and equity investments using both private partnerships and publicly traded closed-end structures. Prospect and its affiliates employ a team of over 100 professionals who focus on credit-oriented investments yielding attractive current income. Prospect, together with its affiliates, has $8.7 billion of assets under management as of September 30, 2024. For more information, call (212) 448-0702 or visit https://www.prospectcap.com . About Preferred Capital Securities, LLC Preferred Capital Securities, LLC ("PCS”) serves as the dealer-manager for Priority Income Fund, Inc. and has been a member of FINRA/SIPC since 2015. Formed in 2013, PCS is a boutique managing broker-dealer that distributes alternative investments, including real estate and credit investment products in private and public structures through broker dealers and registered investment advisors. PCS has raised over $4.8 billion of capital as a wholesale distributor for various alternative investment strategies. For more information, call 855-320-1414 or visit http://www.pcsalts.com . [email protected] (855) 330-6594 [email protected] (855) 422-3223 Additional Information Past performance is not indicative of future performance. Our distributions may exceed our earnings, and therefore, portions of the distributions that we make may be a return of the money that you originally invested and represent a return of capital to you for tax purposes. Such a return of capital is not immediately taxable, but reduces your tax basis in our shares, which may result in higher taxes for you even if your shares are sold at a price below your original investment. Investors should consider the investment objective and policies, risk considerations, charges and ongoing expenses of an investment carefully before investing. The prospectus and summary prospectus contains this and other information relevant to an investment in the fund. Please read the prospectus or summary prospectus carefully before you invest or send money. To obtain a prospectus, please contact your investment representative or Investor Services at 866.655.3650. Forward-Looking Statements This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the future performance of Priority Income Fund, Inc. Words such as "believes," "expects," "projects," and "future" or similar expressions are intended to identify forward-looking statements. Any such statements, other than statements of historical fact, are highly likely to be affected by unknowable future events and conditions, including elements of the future that are or are not under the control of Priority Income Fund, Inc. and that Priority Income Fund, Inc. may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and Priority Income Fund, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise .Baltimore Orioles finalize deals with Tyler O'Neill and Gary Sánchez
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